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XIDE » Topics » Employment Agreements and Severance Arrangements

This excerpt taken from the XIDE DEF 14A filed Jul 24, 2009.
Employment Agreements and Severance Arrangements
 
The Committee recommends to the Board any retention and severance agreement for the Company’s CEO and approves such agreements for other named executive officers. The Company currently has a formal employment agreement only with Mr. Ulsh that establishes, among other compensation, the terms of any severance arrangements. The Committee has not authorized employment agreements with any other named executive officers, but may authorize severance agreements with other executives upon their departure from the Company. While the Company seeks to obtain non-competition and non-solicitation agreements when negotiating these severance agreements, such matters are left to the discretion of management in negotiating the individual terms of a separation agreement.
 
This excerpt taken from the XIDE DEF 14A filed Jul 28, 2008.
Employment Agreements and Severance Arrangements
 
The Committee recommends to the Board any retention and severance agreement for the Company’s CEO and approves such agreements for other named executive officers. The Company currently has formal employment agreements only with Mr. Ulsh and Mr. Corby that establish, among other compensation, the terms of any severance arrangements. The Committee has not authorized employment agreements with any other named executive officers, but may authorize severance agreements with other executives upon their departure from the Company. While the Company seeks to obtain non-competition and non-solicitation agreements when negotiating these severance agreements, such matters are left to the discretion of management in negotiating the individual terms of a separation agreement.
 
This excerpt taken from the XIDE DEF 14A filed Jul 16, 2007.
  Employment Agreements and Severance Arrangements
 
The Committee recommends to the Board any retention and severance agreement for the Company’s CEO and approves such agreements for other named executive officers. The Company currently has formal employment agreements only with the Company’s CEO and Chief Financial Officer (“CFO”) that establish, among other compensation, the terms of any severance arrangements. The Committee has not authorized employment agreements with any other of the named executive officers, but may authorize severance agreements with other executives upon their departure from the Company. While the Company seeks to obtain non-compete and non-solicitation agreements when negotiating these severance agreements, such matters are left to the discretion of management in negotiating the individual terms of a separation agreement.
 

EXCERPTS ON THIS PAGE:

DEF 14A
Jul 24, 2009
DEF 14A
Jul 28, 2008
DEF 14A
Jul 16, 2007

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