EXHIBIT 10.13
SEVERANCE AGREEMENT
It is agreed as follows between Somnus Medical Technologies, Inc.
("Company") and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ("▇▇▇▇▇▇▇▇") as of October 21, 1998:
1. Notwithstanding any terms to the contrary in any prior agreements
between the Company and ▇▇▇▇▇▇▇▇, the following terms shall govern ▇▇▇▇▇▇▇▇'▇
right to salary, benefits or other compensation in the event of the termination
of his employment with the Company, whether the termination is voluntary or
involuntary, for cause or without cause. Other existing terms of the parties'
employment relationship shall remain in effect.
2. ▇▇▇▇▇▇▇▇'▇ salary shall continue for one year from the date of
termination, subject to applicable withholdings.
3. ▇▇▇▇▇▇▇▇'▇ stock options shall be fully vested as of the date of
termination.
4. ▇▇▇▇▇▇▇▇ shall for one year after termination be reimbursed whatever
amounts he may be required to pay to continue his insurance coverage under
COBRA.
5. ▇▇▇▇▇▇▇▇ shall be entitled to keep the Company computer and related
equipment which is at his home.
COMPANY
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
President/CEO
10/21/98
