This excerpt taken from the HAR DEF 14A filed Oct 29, 2007.
We have entered into severance agreements with Dr. Harman and Mr. Brown. These agreements provide that if, within two years following a change in control of the Company, the executive officer is terminated without cause or under certain circumstances terminates his own employment, he is entitled to receive a severance payment equal to three times the sum of his highest annual base salary during any period prior to his termination plus his highest incentive pay during the three fiscal years preceding the change in control.
An executive officer is deemed to have been terminated without cause if he is terminated by us for any reason other than:
An executive officer is entitled to severance compensation if he terminates his employment with us within two years following a change in control under the following circumstances:
A change of control is defined as:
The severance agreements also provide that we will pay the executive officer an additional amount for excise taxes, subject to a limitation based on the overall cost of the severance agreements, including any additional payment for excise taxes. Additionally, the agreements provide that the executive officer shall not engage in any competitive activity, as defined in the agreement, without our written consent, during the term of the agreement and for a period of one year after his employment is terminated.