Separation Agreement and Release (November 5th, 2004)
Further to your discussion with Bill Conner on August 30, 2004, this letter agreement (Agreement) sets forth the arrangements we have made with respect to your separation from Entrust, Inc. The arrangements will be as follows:
April 30, 2004 (August 4th, 2004)
We are pleased to confirm in writing the terms of your employment in the position of President & Chief Operating Officer with Entrust, Inc. (the Company), reporting to Bill Conner. Your salary on an annualized basis will be $280,000.00 US, which will be paid biweekly. Your salary and performance will be subject to review on an annual basis. The responsibilities of this position have been reviewed with you. However, should you have any questions, please contact Bill Conner at 972-713-5810.