SEVERANCE AGREEMENTSeverance Agreement • May 10th, 2011 • Transact Technologies Inc • Computer peripheral equipment, nec • Connecticut
This Severance Agreement (the "Agreement") is entered into as of the 27th day of May 2008, by and between Benjamin C. Wyatt, an individual with a residence address of 83 Berkshire Road, Newtown, CT 06482 (the "Executive"), and TransAct Technologies Incorporated, a Delaware corporation with a mailing address of One Hamden Center, 2319 Whitney Avenue, Ste. 3B, Hamden, Connecticut 06518 (the "Company"). As used in this Agreement, the "Company" shall also include all subsidiaries of the Company, as the context requires.
December 23, 2008 Benjamin C. Wyatt Newtown, CT 06482 Re:Amendment to Severance Agreement Dear Mr. Wyatt:Transact Technologies Inc • May 10th, 2011 • Computer peripheral equipment, nec
Reference is made to the Severance Agreement by and between you and TransAct Technologies, Incorporated (the "Company") dated May 27, 2008 (the "Agreement"). In order that the Agreement comply in form with the applicable requirements of Section 409A of the Internal Revenue Code of 1986, as amended, the following changes to the Agreement are hereby proposed:
