CHYRON CORPORATION 5 Hub Drive Melville, New York 11747 August 10, 2006Chyron Corp • August 14th, 2006 • Photographic equipment & supplies • New York
The following sets out our agreement to amend (the "Amendment") your Terms of Severance Agreement dated March 2, 2005 (the "Agreement") with Chyron Corporation (the "Company") with respect to severance payments to be paid to you if your termination of employment is "related to" a "Change-in-Control" and is either: (i) without "Cause," or (ii) a "Resignation with Good Reason" (collectively, a "Severance Event") (all as defined below). This Amendment replaces all severance benefits payable to you as a result of a Change-in-Control as previously set forth in the Agreement or in any executive retention program maintained by the Company as of the date hereof. This Amendment shall not affect any other severance benefits set forth in your Agreement.
CHYRON CORPORATION 5 Hub Drive Melville, New York 11747 August 10, 2006Your Agreement • August 14th, 2006 • Chyron Corp • Photographic equipment & supplies • New York
The following sets out your agreement (the"Agreement") with Chyron Corporation (the "Company") with respect to severance payments to be paid to you if your termination of employment is "related to" a "Change-in-Control" and is either: (i) without "Cause," or (ii) a "Resignation with Good Reason" (collectively, a "Severance Event") (all as defined below). This Agreement replaces all severance benefits payable to you as a result of a Change-in-Control as previously set forth in any executive retention program maintained by the Company as of the date hereof.
CHYRON CORPORATION 5 Hub Drive Melville, New York 11747 August 10, 2006Chyron Corp • August 14th, 2006 • Photographic equipment & supplies • New York
