Severance Agreement - Executive Sample Contracts

Perceptron, Inc. Severance Agreement - Executive (July 2nd, 2010)

THIS SEVERANCE AGREEMENT, dated as of July 2, 2010 (the "Agreement"), is between Perceptron, Inc. (the "Company") and Richard Price, who is currently employed by the Company in the position of Vice President - Commercial Products Business Unit (the "Executive").

Perceptron, Inc. Severance Agreement - Executive (December 24th, 2008)

THIS SEVERANCE AGREEMENT, dated as of December 18, 2008 (the "Agreement"), is between Perceptron, Inc. (the "Company") and Mark S. Hoefing, who is currently employed by the Company in the position of Senior Vice President - Industrial Business Unit (the "Executive"). The parties acknowledge that the Company and the Executive previously entered into a severance agreement dated September 26, 2005 (the "Prior Agreement"), and the Company and the Executive agree that this Agreement supersedes and renders void the Prior Agreement in all respects.

Perceptron, Inc. Severance Agreement - Executive (December 24th, 2008)

THIS SEVERANCE AGREEMENT, dated as of December 18, 2008 (the "Agreement"), is between Perceptron, Inc. (the "Company") and John H. Lowry III, who is currently employed by the Company in the position of Vice President - Finance, Chief Financial Officer, Treasurer and Assistant Secretary (the "Executive"). The parties acknowledge that the Company and the Executive previously entered into a severance agreement dated June 12, 2007 (the "Prior Agreement"), and the Company and the Executive agree that this Agreement supersedes and renders void the Prior Agreement in all respects.