Exhibit 10.23
SEVERANCE AGREEMENT
BETWEEN:
ONEWAVE, INC. & XXXXX X. XXXXXXX
Should OneWave, Inc (or its successor company) terminate your employment for any
reason other than gross misconduct, change your job responsibilities without
your consent or change your base salary without your consent, OneWave will pay
you a severance package that includes 6 months of base pay and continued medical
and dental benefits coverage. Additionally, at the time of termination, OneWave
will honor and pay any outstanding bonuses. All benefits will commence
immediately upon termination.
/s/ Xxxxxxx Xxxxxxxx
--------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx, Chairman, President & CEO Signature February 26, 1998
/s/ Xxxxx X. Xxxxxxx
--------------------------------------------------------------------------------
Xxxxx X. Xxxxxxx February 26, 1998
