This excerpt taken from the OPWV DEF 14A filed Oct 26, 2007.
Severance Agreement with Mr. Peterschmidt
We entered into a Severance and Release Agreement with Mr. Peterschmidt on June 4, 2007 (the Peterschmidt Severance Agreement), which becomes effective seven days after its execution and which provides for Mr. Peterschmidts resignation as a director effective on June 4, 2007, and as an employee effective on July 1, 2007. Pursuant to the Peterschmidt Severance Agreement, Mr. Peterschmidt received (1) $1,500,000 (which represents 18 months of his salary and target bonus), (2) accelerated vesting of 175,000 shares of previously granted restricted stock worth $1,095,500, (3) continuation of medical, dental and vision insurance benefit coverage in coordination with COBRA for eighteen (18) months with a value of $15,192. The Peterschmidt Severance Agreement contains a standard release of claims by Mr. Peterschmidt in favor of the Company as well as a mutual non-disparagement provision, and the Peterschmidt Severance Agreement supersedes all rights to benefits and compensation under prior employment agreements between the Company and Mr. Peterschmidt. The aggregate value of the severance paid to Mr. Peterschmidt was approximately $2,610,692.