NISKA GAS STORAGE PARTNERS LLC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

Edgar Glimpses |

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



On June 25, 2014, Mr. Jason Kulsky resigned from his position as the Vice President, Business Development of Niska Gas Storage Partners LLC (the "Company"), effective immediately. Concurrently with his resignation, Mr. Kulsky entered into a Release and Confidentiality Agreement with the Company (collectively, the "Settlement Agreement"). Pursuant to the Settlement Agreement, Mr. Kulsky will receive all accrued vacation pay, wages and benefits owed, less applicable statutory deductions, up to and including June 25, 2014. In addition, Mr. Kulsky will receive CDN $411,347.70, less applicable statutory deductions, payable immediately.

The foregoing description is intended only as a summary of the provisions of the Settlement Agreement and is qualified in its entirety by reference to the full Settlement Agreement and the attached Release and Confidentiality Agreement, which are filed as Exhibit 10.1 to this Form 8-K and are hereby incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 10.1 Settlement Agreement and Release and Confidentiality Agreement, dated as of June 25, 2014, by and between Niska Gas Storage Partners LLC and Jason Kulsky. 1

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