ContractControl Agreement • August 11th, 2003 • Electro Scientific Industries Inc • Miscellaneous electrical machinery, equipment & supplies
Mr. Gary Kapral June 11, 2003 Page – 40 EXHIBIT 10.8 CHANGE IN CONTROL AGREEMENT Electro Scientific Industries, Inc., an Oregon corporation (the “Company”), considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interest of the Company and its shareholders. In this connection, the Company recognizes that, as is the case with many publicly held corporations, the possibility of a change in control may exist and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Company and its shareholders. Accordingly, the Board of Directors of the Company (the “Board”) has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company’s management to their assigned duties without distraction in circumstances arising fr
Re: Separation AgreementElectro Scientific Industries Inc • August 11th, 2003 • Miscellaneous electrical machinery, equipment & supplies • Oregon
Dear Kevin: As we have discussed, your employment with Electro Scientific Industries, Inc. (“ESI” or the “Company”) has terminated effective at the close of business on Septemebr 9, 2002 (the “Separation Date”). On the Separation Date you were provided your final paycheck including pay for all accrued, unused or otherwise unpaid vacation along with an earlier draft of this letter. This letter supecedes the letter delivered to you on the Separation Date in its entirety. In order to help you to transition to your next opportunity, the terms of a Separation Agreement (the “Agreement”) are described below. Under this Agreement, if you choose to accept it, you would receive severance compensation of $125,000 (subject to applicable withholding) over the next 4 months as set out below; and you would agree to the terms described below which include a general release of claims.
ContractControl Agreement • August 11th, 2003 • Electro Scientific Industries Inc • Miscellaneous electrical machinery, equipment & supplies • Oregon
Mr. Gary Kapral June 11, 2003 Page – 64 EXHIBIT 10.10 1. ELECTRO SCIENTIFIC INDUSTRIES, INC. EMPLOYMENT AGREEMENT Executive Mr. J. Michael Dodson 11691 E. Charter Oak Drive Scottsdale, AZ 85259 Electro Scientific Industries, Inc.,ESI an Oregon corporation 13900 NW Science Park Dr. Portland, OR 97229 In consideration of the mutual covenants contained herein, and other good and valuable consideration, the parties hereto agree as follows. Employment. Effective as of May 5, 2003 (the “Effective Date”), Electro Scientific Industries, Inc. (“ESI”) hereby employs J. Michael Dodson (“Executive”) as the Vice President – Administration and Chief Financial Officer of ESI and Executive accepts such employment with ESI, on the terms and conditions set forth in this Employment Agreement (this “Agreement”). 64
Re: Separation AgreementElectro Scientific Industries Inc • August 11th, 2003 • Miscellaneous electrical machinery, equipment & supplies • Oregon
Dear Brad: This letter (the “Agreement”) sets forth the terms of your agreement with Electro Scientific Industries, Inc. (“ESI”) concerning your employment, separation from employment and resignation as an officer. Under this Agreement, if you choose to accept it, you would receive severance compensation at the rate set out below; and you would agree to the terms described below which include a general release of claims.
Re: Separation AgreementElectro Scientific Industries Inc • August 11th, 2003 • Miscellaneous electrical machinery, equipment & supplies
Dear Gary: As we have discussed, your employment with Electro Scientific Industries, Inc. (“ESI” or the “Company”) will terminate effective at the close of business on June 11, 2003 (the “Separation Date”). Enclosed with this Agreement you will find your final paycheck including pay for all accrued, unused or otherwise unpaid vacation. In order to help you to transition to your next opportunity, the terms of a Separation Agreement (the “Agreement”) are described below. Under this Agreement, if you choose to accept it, you would receive severance compensation at the $245,000 annual rate over the next 6 months as set out below; and you would agree to the terms described below which include a general release of claims.
Contract1 Agreement and Release of All • August 11th, 2003 • Electro Scientific Industries Inc • Miscellaneous electrical machinery, equipment & supplies • Oregon
EXHIBIT 10.1 AGREEMENT AND RELEASE OF ALL CLAIMS This Agreement is made and entered into by and between Electro Scientific Industries, Inc. (“the Company”) and Robert E. Belter (“Employee”). This Agreement will confirm that it has been mutually agreed to alter the employment relationship between the Company and Employee. In consideration of the mutual covenants and promises below and valuable consideration, receipt of which is hereby acknowledged, the parties hereby agree as follows: 1. Employee’s full-time employment as Vice President/General Manager-Electronic Component Systems with the Company will terminate effective the close of business September 4, 2001. 2. Employee represents that he has not filed any complaint, claim or action against the Company, its officers, agents or representatives, or against any affiliated companies, with any local, state, or federal court and that he will not do so at any time hereafter. 3. Employee understands and agrees that he has not executed th
