SEPARATION BENEFITS AGREEMENT AND RELEASESeparation Benefits Agreement and Release • December 9th, 2005 • UGS Corp. • Services-computer integrated systems design • Texas
Jim Milton (“Employee”) has been informed about the loss of his employment with UGS Corporation (“UGS”) effective December 1, 2005. UGS wishes to provide Employee with separation benefits as Employee transitions to new endeavors. In exchange for UGS providing separation benefits, Employee is being asked to forego certain potential legal claims and rights relating to his employment with UGS and separation therefrom. Therefore, Employee and UGS enter into the following Separation Benefits Agreement and Release (hereinafter “Agreement”).
