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This excerpt taken from the XIDE DEF 14A filed Jul 27, 2006. Income
Protection Plan
Our company has an Income Protection Plan which is intended to
provide participants (including executive officers) with
severance benefits in the event of termination of employment
without cause or resignation under certain adverse
circumstances. Under the plan, executive officers will receive
twelve months of severance regardless of whether the executive
officer obtains new employment within the twelve-month period.
The plan previously provided 24 months of severance which
would terminate or be reduced to the extent the executive
officer obtained compensation from new employment during such
24-month
period.
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