This excerpt taken from the VIRL DEF 14A filed Jan 25, 2008.
Severance Agreement and Arrangements with James R. Bailey
On July 10, 2007, Mr. Bailey resigned from his position as Vice President of World Sales. In connection with his resignation, the Company entered into a release agreement with Mr. Bailey. Pursuant to the terms of the release agreement, Mr. Bailey received a sum of $66,462 less applicable withholdings and health insurance coverage for him through December 31, 2007, or until Mr. Bailey earlier obtained comparable benefits under another employers health insurance plan. Mr. Bailey agreed to continue to maintain the confidentiality of all confidential and proprietary information of the Company and release the Company from all claims related to his employment.