PLNR » Topics » WAIVER OF RIGHTS UNDER PRIOR AGREEMENT

These excerpts taken from the PLNR 10-K filed Dec 13, 2006.

WAIVER OF RIGHTS UNDER PRIOR AGREEMENT

Employee and Clarity Visual Systems, Inc. are parties to that certain Clarity Visual Systems, Inc. Change in Control Agreement signed and dated as of March 2004 (the “Clarity Change in Control Agreement”). As a condition of, and in consideration of the benefits provided in this Agreement and for other good and valuable consideration, Employee hereby waives, releases and forever gives up any benefit, entitlement or claim that Employee has or may have under the Clarity Change in Control Agreement, including but not limited to any contractual right to receive compensation or financial benefits pursuant to the Clarity Change in Control Agreement.

WAIVER OF RIGHTS UNDER PRIOR AGREEMENT

Employee and Clarity Visual Systems, Inc. are parties to that certain Clarity Visual Systems, Inc. Change in Control Agreement signed and dated as of April 16, 2004 (the “Clarity Change in Control Agreement”). As a condition of, and in consideration of the benefits provided in this Agreement and for other good and valuable consideration, Employee hereby waives, releases and forever gives up any benefit, entitlement or claim that Employee has or may have under the Clarity Change in Control Agreement, including but not limited to any contractual right to receive compensation or financial benefits pursuant to the Clarity Change in Control Agreement.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Dec 13, 2006
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