This excerpt taken from the XIDE DEF 14A filed Jul 16, 2007.
Neil Bright Severance Agreement
In October 2006, the Company entered into a severance agreement with Neil Bright, the Companys former President Industrial Energy Europe and Rest of World. Pursuant to the terms of the agreement,
Mr. Bright received a lump sum payment of twelve months base salary and automobile allowance, accrued but unpaid vacation for the year, a prorated portion of the annual short-term cash incentive award and an additional lump sum payment. Subject to the approval of the United Kingdom pension trustees, the Company agreed to make an additional payment to Mr. Brights U.K. pension in an amount equivalent to the Companys contributions from October 2006 through October 2007, continuation of private health and life insurance for a period of 12 months, reimbursement of certain legal services incurred in connection with the negotiation of the agreement and reimbursement of certain outplacement services.