EX-10.1
COPART INC
TRANSITION AND SEPARATION AGREEMENT AND GENERAL RELEASE
This Transition and Separation Agreement and General Release (the “Agreement”) is entered into by and between Jeffrey Liaw (“Executive”) and Copart, Inc. (the “Company” or “Copart”).
1. Separation Date. The parties agree that Executive’s last day of employment with the Company will be July 31, 2027, except as otherwise provided herein (such last date of employment, whether on July 31, 2027 or as otherwise provided herein, the “Separation Date”). As of the Separation Date, Executive shall not be, nor hold Executive out as, an employee, agent, member, or other representative of the Company or any other Company Entity (as defined below). Executive will receive Executive’s final paycheck on the Separation Date. Executive’s final paycheck will include payment for all wages Executive earned through the Separation Date. The Company shall pay Executive for the Executive’s accrued unused vacation days, if any, minus applicable deductions and withholding, on the Company’s first regularly scheduled payr
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