Re: Separation AgreementSRS Labs Inc • September 30th, 2005 • Semiconductors & related devices
This is to confirm that you have tendered your resignation as President and as a Director of ValenceTech, Ltd., a wholly owned subsidiary of SRS Labs, Inc., (together referred to as the “Company”). This letter sets forth the severance package that the Company is offering to assure a smooth transition for both you and the Company. Once signed by you, this letter will confirm our agreement on the following terms:
