Exhibit 10.8
------------
SEPARATION AND RELEASE AGREEMENT
This SEPARATION AND RELEASE AGREEMENT (the "Agreement") is made and entered
into by and between ROGUE WAVE SOFTWARE, INC. ("Rogue Wave") and XXXXXXX XXXXX
("Xx. Xxxxx") (collectively "parties") as of the Execution Date of this
Agreement defined in paragraph 26 below.
WHEREAS, effective as of November 15, 1999, Xx. Xxxxx tendered his
resignation as Vice President, Professional Services and any and all other
positions he may have held as an employee or officer of Rogue Wave as of
November 15, 1999;
WHEREAS, Xx. Xxxxx tendered his resignation voluntarily, at his election
and in his discretion and;
WHEREAS, Rogue Wave has accepted the resignation tendered by Xx. Xxxxx; and
WHEREAS, the parties wish to make the separation amicable but conclusive on
the terms and conditions set forth herein; and
WHEREAS, Xx. Xxxxx accepts the benefits of this Separation and Release
Agreement with the acknowledgment that by its terms he has been fully and
satisfactorily compensated.
II. COVENANTS
THEREFORE, in consideration of the above set forth recitals which are
incorporated herein by reference and the mutual promises and covenants contained
in this Agreement, it is hereby agreed by and between the parties hereto as
follows:
1. Resignation. Xx. Xxxxx has tendered and Rogue Wave has accepted, Xx.
Xxxxx'x resignation as Vice President, Professional Services and any and all
other positions he may have held with Rogue Wave as an employee or officer of
Rogue Wave as of November 15, 1999 ("Separation Date").
2. Consideration. Although Rogue Wave has no policy or procedure
requiring payment of any severance benefits, Rogue Wave agrees to the following
as part of this Agreement.
(a) Lump Sum Payment. Rogue Wave agrees to pay Xx. Xxxxx $75,000,
less all legally required deductions and withholdings ("Lump Sum Payment"). The
Payment shall be made in a lump sum, payable within 14 days of the Execution
Date of this Agreement. The Payment shall be by check and delivered by mail,
overnight delivery, or hand delivery, at the sole option of Rogue Wave. The
parties agree that 25% of the Lump Sum Payment is made solely in consideration
of Xx. Xxxxx executing and not revoking the ADEA Waiver and Release set forth in
paragraph 13 below.
(b) Insurance. To the extent permitted by the federal COBRA law,
applicable state laws, and the insurance policies and rules applicable to Rogue
Wave, Xx. Xxxxx will be eligible to continue his health insurance benefits and,
later, to convert to an individual policy. Xx. Xxxxx acknowledges that Rogue
Wave has provided him with a COBRA notification form setting forth Xx. Xxxxx'x
rights and responsibilities with regard to COBRA coverage. Should Xx. Xxxxx
timely elect to continue coverage pursuant to COBRA, Rogue Wave agrees to pay
Rogue Wave's insurance carrier on a monthly basis for a period beginning eight
days after the Execution Date and concluding exactly six months after the
Execution Date ("COBRA Payment Period,") unless this obligation is terminated
earlier as set forth in this Agreement, for the COBRA premiums to be paid for
Xx. Xxxxx in order to maintain health insurance coverage during the COBRA
Payment Period that is substantially equivalent to that which Xx. Xxxxx received
immediately prior to the Separation Date. Should Xx. Xxxxx obtain employment
during the COBRA Payment Period, Rogue Wave's obligation under this paragraph
shall forever cease upon the expiration of the waiting period (if any) for
entitlement to insurance coverage through Xx. Xxxxx'x new employer. Xx. Xxxxx
agrees to notify Rogue Wave in writing in the event that Xx. Xxxxx obtains
employment. In any event, and notwithstanding any provision to the contrary on
this paragraph, Rogue Wave's obligations under this paragraph shall forever
cease no later than by the end of the COBRA Payment Period.
(c) 401(k). Rogue Wave agrees to provide the employer match for the
current calendar year (1999). This will end Rogue Wave's obligation for any
further vesting or match in the 401(k).
3. Other Compensation. Except as expressly provided herein, Xx. Xxxxx
acknowledges and agrees that Xx. Xxxxx will not receive (nor is Xx. Xxxxx
entitled to receive) any additional consideration, compensation, payments,
bonuses, commissions, reimbursements, incentive payments, stock, equity
interests or benefits of any kind. Xx. Xxxxx further acknowledges and agrees
that on or before the Separation Date Rogue Wave paid to Xx. Xxxxx in full any
and all wages, salary, accrued but unused vacation, floating holiday accrued but
not taken, personal time off, commissions, bonuses, stock options, incentive
payments and compensation due and owing, if any, as of the Separation Date.
4. Denial of Liability. The parties acknowledge that any payment by Rogue
Wave and any release by Xx. Xxxxx pursuant to this Agreement are made to ensure
that the separation is amicable, that in making any such payment or release,
Rogue Wave and Xx. Xxxxx in no way admit any liability to each other and that
they expressly deny any such liability.
5. Nondisparagement. Xx. Xxxxx and Rogue Wave agree that neither party
will at any time disparage the other to third parties in any manner likely to be
harmful to the other party, their business reputation, or the personal or
business reputation of its directors, shareholders and/or employees.
Notwithstanding the prohibition in the preceding sentence, each party shall
respond accurately and fully to any question, inquiry, or request for
information when required by legal process.
6. Rogue Wave Property. Prior to the Separation Date, Xx. Xxxxx agrees to
return to Rogue Wave all Rogue Wave documents in whatever form (and all copies
thereof) and
2
any and all other Rogue Wave property in Xx. Xxxxx'x possession, custody or
control, including, but not limited to, financial information, customer
information, customer lists, employee lists, Rogue Wave files, notes, contracts,
contracts, drawings, records, business plans and forecasts, financial
information, specifications, computer-recorded information, software, tangible
property, including any computer equipment, cellular telephones, pagers, credit
cards, entry cards, identification badges and keys, and any materials of any
kind which contain or embody any proprietary or confidential material of Rogue
Wave (and all reproductions thereof).
7. Confidentiality/Non-Disclosure. Xx. Xxxxx and Rogue Wave acknowledge
that confidentiality and nondisclosure are material considerations for the
parties entering into this Agreement. Xx. Xxxxx acknowledges, represents, and
agrees that he has not and will not discuss the terms or provisions of the
Agreement with any current or former Rogue Wave employee. As such, the
provisions of this Agreement shall be held in strictest confidence by Xx. Xxxxx
and Rogue Wave and shall not be publicized or disclosed in any manner
whatsoever, including but not limited to, the print or broadcast media, any
public network such as the Internet, any other outbound data program such as
computer generated mail, reports or faxes, or any source likely to result in
publication or computerized access. Notwithstanding the prohibitions in this
paragraph 7: (a) the parties may disclose this Agreement in confidence to their
respective attorneys, accountants, auditors, tax preparers, and financial
advisors; (b) Rogue Wave may disclose this Agreement as necessary to fulfill
standard or legally required corporate reporting or disclosure requirements; (c)
Rogue Wave may disclose this Agreement upon request from any government entity;
and (d) the parties may disclose this Agreement insofar as such disclosure may
be necessary to enforce its terms or as otherwise required by law.
8. Business Expense Reimbursement. Rogue Wave agrees to reimburse Xx.
Xxxxx for those reasonable business expenses he necessarily incurred in his
capacity as a Rogue Wave employee as of the Separation Date consistent with
Rogue Wave's policies in this regard. Xx. Xxxxx acknowledges and agrees that
Rogue Wave will not reimburse him for any expenses he incurred after the
Separation Date. Xx. Xxxxx must submit the necessary documentation establishing
the amount, date and reason for expenses he incurred and for which he seeks
reimbursement no later than 15 days after the Separation Date.
9. References. To coordinate Rogue Wave's response to any inquiries from
prospective employers seeking employment references concerning Xx. Xxxxx, Xx.
Xxxxx agrees to direct such prospective employers exclusively to the Rogue Wave
Director of Human Resources. Should the Director of Human Resources receive an
inquiry, the Director (or an authorized agent acting on behalf of the Director)
shall confirm Xx. Xxxxx'x period of employment with Rogue Wave, the position he
held, and the latest salary that he received as an employee.
10. Non-Competition. Xx. Xxxxx acknowledges that while he was employed
with Rogue Wave in Colorado, he worked in various capacities, including Vice
President, Professional Services, and was a member of executive and management
personnel at Rogue Wave. Xx. Xxxxx further acknowledges that during his
employment at Rogue Wave, he was privy to extremely sensitive, confidential and
valuable commercial information, and trade secrets belonging to Rogue Wave, the
disclosure of which information and trade secrets would greatly harm Rogue Wave.
As a reasonable measure to protect Rogue Wave from the harm of such
3
disclosure and use of its information and trade secrets against it, the parties
agree to the following as part of this Agreement:
(a) Non-Competition Covenant. Xx. Xxxxx agrees and acknowledges
that for a period of twelve (12) months following the Execution Date of this
Agreement, he will not directly or indirectly engage in (whether as an employee,
consultant, proprietor, partner, director, officer or otherwise), or have any
ownership interest in, or participate in the financing, operation, management or
control of, any person, firm, corporation, partnership, joint venture or other
business entity that engages in any business that is the same, similar to, or in
competition with any product, service, or process that was marketed, sold, under
development, or developed by Rogue Wave during Xx. Xxxxx'x employment with Rogue
Wave. The parties agree that no more than 1% of the outstanding voting stock of
a publicly traded company or any stock owned by Xx. Xxxxx as of the Separation
Date shall not constitute a violation of this paragraph. Xx. Xxxxx further
agrees that for a period of twelve (12) months following the Separation Date he
will not, either directly or indirectly, solicit or attempt to solicit any
partner, customer, client, supplier, investor, vendor, consultant or independent
contractor of Rogue Wave to terminate, reduce or negatively alter his, her or
its relationship with Rogue Wave. Xx. Xxxxx further agrees and acknowledges that
because of the nature and type of business that Rogue Wave engages in, the
geographic scope of this covenant shall include all counties, cities, and states
of the United States, Canada, Europe, South America, and Asia, and any and all
other cites, localities, regions, states, and countries in which Rogue Wave does
business, and that such a geographic scope is reasonable. Nothing in this
paragraph 10(a) should be construed to narrow the obligations of Xx. Xxxxx
imposed by any other provision herein, any other agreement, law or other source.
(b) Extension of Time. In the event that Xx. Xxxxx breaches any
covenant, obligation or duty in this paragraph 10 or its subparts, any such
duty, obligation, or covenants to which the parties agreed by this paragraph 10
and its subparts shall automatically toll from the date of the first breach, and
all subsequent breaches, until the resolution of the breach through private
settlement, judicial or other action, including all appeals. The duration and
length of Xx. Xxxxx'x duties and obligations as agreed by this paragraph 10 and
its subparts shall continue upon the effective date of any such settlement, or
judicial or other resolution.
(c) Reasonable. Xx. Xxxxx agrees and acknowledges that the time
limitation and the geographic scope on the restrictions in this paragraph 10 and
its subparts are reasonable. Xx. Xxxxx also acknowledges and agrees that the
limitation in this paragraph 10 and its subparts is reasonably necessary for the
protection of Rogue Wave, that through this Agreement he shall receive adequate
consideration for any loss of opportunity associated with the provisions herein,
and that these provisions provide a reasonable way of protecting Rogue Wave's
business value which was imparted to him. In the event that any term, word,
clause, phrase, provision, or section of this paragraph 10 of this Agreement is
more restrictive than permitted by the law of the jurisdiction in which Rogue
Wave seeks enforcement thereof, the provisions of this Agreement shall be
limited only to that extent that a judicial determination finds the same to be
unreasonable or otherwise unenforceable. If any restriction set forth in this
paragraph 10 or its subparts is found by any court of competent jurisdiction to
be unenforceable because it extends for too long a period of time, or over too
great an area, it shall be interpreted to extend only over the maximum period of
time and geographic scope as to which it may be enforceable.
4
Notwithstanding any judicial determination that any term, word, clause, phrase,
provision, or section of this Agreement is not specifically enforceable, the
parties intend that Rogue Wave shall nonetheless be entitled to recover monetary
damages as a result of any breach hereof.
(d) Legal and Equitable Remedies. In view of the nature of the
rights in goodwill, employee relations, trade secrets, and business reputation
and prospects of Rogue Wave to be protected under this paragraph 10 of this
Agreement, Xx. Xxxxx understands and agrees that Rogue Wave could not be
reasonably or adequately compensated in damages in an action at law for Xx.
Xxxxx'x breach of his obligations hereunder. Accordingly, Xx. Xxxxx specifically
agrees that Rogue Wave shall be entitled to temporary and permanent injunctive
relief, specific performance, and other equitable relief to enforce the
provisions of this paragraph 10 of this Agreement and that such relief may be
granted without the necessity of proving actual damages, and without bond. Xx.
Xxxxx acknowledges and agrees that the provisions in this paragraph 10 and its
subparts are essential and material to this Agreement, and that upon breach of
this paragraph 10 by him, Rogue Wave is entitled to recover any payments or
other consideration made pursuant to this Agreement, to withhold providing
additional payments or consideration, to equitable relief to prevent continued
breach, to recover damages, and to seek any other remedies available to Rogue
Wave. This provision with respect to injunctive relief shall not, however,
diminish the right of Rogue Wave to claim and recover damages or other remedies
in addition to equitable relief.
11. Nondisclosure of Proprietary Information. Xx. Xxxxx agrees
and acknowledges that he continues to be bound by the terms of the Employee
Proprietary Information and Inventions Agreement between Xx. Xxxxx and Rogue
Wave, executed by Xx. Xxxxx on April 3, 1997, a copy of which is attached hereto
as Exhibit A and which is incorporated herein as if set forth in full. Nothing
in this paragraph should be construed to narrow the obligations of Xx. Xxxxx
imposed by any other agreement, law or other source.
12. Release of Claims by Xx. Xxxxx. For the consideration set
forth in this Agreement and the mutual covenants of Rogue Wave and Xx. Xxxxx,
Xx. Xxxxx hereby releases, acquits and forever discharges Rogue Wave, its
affiliated corporations and entities, its and their officers, directors, agents,
representatives, servants, attorneys, employees, shareholders, successors and
assigns of and from any and all claims, liabilities, demands, causes of action,
costs, expenses, attorneys' fees, damages, indemnities and obligations of every
kind and nature, in law, equity, or otherwise, known or unknown, suspected and
unsuspected, disclosed and undisclosed, liquidated or contingent, arising out of
or in any way related to agreements, events, acts or conduct at any time prior
to and including the Execution Date, including but not limited to: any and all
such claims and demands directly or indirectly arising out of or in any way
connected with Xx. Xxxxx'x employment with Rogue Wave or the conclusion of that
employment; claims or demands related to salary, bonuses, commissions, incentive
payments, stock, stock options, or any ownership or equity interests in Rogue
Wave, vacation pay, personal time off, fringe benefits, expense reimbursements,
sabbatical benefits, severance benefits, or any other form of compensation;
claims arising out of the administration or terms of Rogue Wave's Sales
Compensation Plan; claims pursuant to any federal, any state or any local law,
statute, common law or cause of action including, but not limited to, the
federal Civil Rights Act of 1964, as amended; attorney's fees, court costs, or
any expenses under Title VII of the federal
5
Civil Rights Act of 1964, as amended, or any other statute, agreement or source
of law; the federal Americans with Disabilities Act of 1990; the Family and
Medical Leave Act; the Employee Retirement Income Security Act; the Colorado
Discrimination and Unfair Employment Act; the Equal Pay Act of 1963, as amended;
the Fair Labor Standard Act, as amended; tort law; contract law; wrongful
discharge; discrimination; harassment; fraud; misrepresentation; defamation;
libel; emotional distress; and breach of the implied covenant of good faith and
fair dealing. Xx. Xxxxx agrees that in the event he brings a claim or charge
covered by this release, or does not dismiss with prejudice and withdraw any
claim covered by this release, in which he seeks damages against Rogue Wave or
in the event he seeks to recover against Rogue Wave in any claim brought by a
governmental agency on his behalf, this Agreement shall serve as a complete
defense to such claims or charges.
13. ADEA Waiver and Release by Xx. Xxxxx. Xx. Xxxxx acknowledges that
Xx. Xxxxx is knowingly and voluntarily waiving and releasing any rights Mr.
Xxxxx xxx have under the federal Age Discrimination in Employment Act of 1967,
as amended ("ADEA Waiver and Release"). Xx. Xxxxx acknowledges that the
consideration given for this ADEA Waiver and Release, provided for in paragraph
2 above, is in addition to anything of value to which Xx. Xxxxx was already
entitled. The parties agree and acknowledge that Xx. Xxxxx has been advised by
this writing, as required by the ADEA that: (a) this ADEA Waiver and Release
does not apply to any claims under ADEA that may arise after the date that Xx.
Xxxxx signs this Agreement; (b) Xx. Xxxxx has the right to and is advised to
consult with an attorney prior to executing this Agreement; (c) Xx. Xxxxx has
forty-five days within which to consider this ADEA Waiver and Release (although
Mr. Xxxxx xxx choose to voluntarily execute this ADEA Waiver and Release
earlier); and (d) Xx. Xxxxx has seven days following the execution of this
Agreement to revoke Xx. Xxxxx'x ADEA Waiver and Release by sending, via
certified United States mail, written notice of revocation to the attention of
Rogue Wave, Attn. Director of Human Resources; 0000 Xxxxxxxxx Xxxxxxx, Xxxxxxx,
XX 00000. The parties acknowledge and agree that revocation by Xx. Xxxxx of the
ADEA Waiver and Release is not effective to revoke Xx. Xxxxx'x waiver or release
of any other claims pursuant to this Agreement. The parties further agree that
revocation by Xx. Xxxxx of the ADEA Waiver and Release shall entitle Rogue Wave
to recover any and all payments made by Rogue Wave in consideration for Xx.
Xxxxx executing and not revoking the ADEA Waiver and Release, as articulated in
paragraph 2 and to recover the costs, expenses and attorney's fees incurred in
attempting to recover such payments.
14. Disclosure Under ADEA, 29 U.S.C. (S) 626(f)(1)(H). Pursuant to
(S) 626(f)(1)(H), Rogue Wave provides disclosures concerning the availability of
this severance package in Exhibit B attached hereto.
15. Tax Consequences. Xx. Xxxxx expressly acknowledges that Rogue
Wave has not made, nor herein makes, any representation about the tax
consequences of any consideration provided by Rogue Wave to Xx. Xxxxx pursuant
to this Agreement. Xx. Xxxxx agrees to identify and hold Rogue Wave harmless for
any and all claims or penalties asserted against Rogue Wave for failure to pay
taxes due on any consideration provided by Rogue Wave pursuant to this
Agreement.
6
16. Cooperation. Xx. Xxxxx agrees to fully cooperate with Rogue Wave
in connection with any Rogue Wave defense, prosecution, or investigation by
Rogue Wave regarding any actual or potential litigation, administrative
proceeding, or other such procedures, in which Rogue Wave may be involved as a
party or non-party from time to time.
17. No Third Party Rights. The parties agree that by making this
Agreement they do not intend to confer any benefits privileges or rights to
others. The Agreement is strictly between the parties hereto, subject to the
terms of paragraph 21 below, and that it shall not be construed to vest in any
other the status of third-party beneficiary.
18. Voluntary and Knowingly. Xx. Xxxxx acknowledges that, before
executing this Agreement, he has been advised and given the opportunity to
consult with counsel and has in fact sought and received advice from counsel of
his own choosing, and was fully advised of his rights under law. Xx. Xxxxx
further acknowledges that he has reviewed this Agreement in its entirety,
understands it, and voluntarily executes it.
19. Duty To Effectuate. The parties agree to perform any lawful
additional acts, including the execution of additional agreements, as are
reasonably necessary to effectuate the purpose of this Agreement.
20. Entire Agreement. Except for those agreements expressly
referenced herein, this Agreement, including Exhibit A and Exhibit B hereto,
constitutes the complete, final and exclusive embodiment of the entire agreement
between Xx. Xxxxx and Rogue Wave with regard to the subject matter hereof. This
Agreement is entered into without reliance on any promise or representation,
written or oral, other than those expressly contained herein. It may not be
modified except in a writing signed by Xx. Xxxxx and a duly authorized officer
of Rogue Wave.
21. Successors and Assigns. This Agreement, including Exhibit A and
Exhibit B hereto, shall bind the heirs, personal representatives, successors,
assigns, executors and administrators of each party, and insure to the benefit
of each party, its heirs, successors and assigns.
22. Applicable Law. The parties agree and intend that this Agreement
be construed and enforced in accordance with the laws of the State of Colorado.
23. Forum. This Agreement will be governed by and construed according
to the laws of the State of Colorado as such laws are applied to agreements
entered into and to be performed entirely within Colorado between Colorado
residents. Xx. Xxxxx hereby expressly understands and consents that this
Agreement is a transaction of business in the State of Colorado and in the City
and County of Boulder, Colorado, and constitutes the minimum contacts necessary
to make Xx. Xxxxx subject to the personal jurisdiction and venue of the federal
courts located in the State of Colorado, and the state courts located in the
County of Boulder, Colorado. Xx. Xxxxx agrees and acknowledges that any
controversy arising out of or relating to this Agreement or the breach thereof,
or any claim or action to enforce this Agreement or portion thereof, or any
controversy or claim requiring interpretation of this Agreement must be brought
in federal court within the State of Colorado or a state court located in the
City and County of
7
Boulder, Colorado. No such action may be brought in any forum outside the State
of Colorado. Any action brought in contravention of this paragraph by one party
is subject to dismissal at any time and at any stage of the proceedings by the
other, and no action taken by the other in defending, counter claiming or
appealing shall be construed as a waiver of this right to immediate dismissal. A
party bringing an action in contravention of this paragraph shall be liable to
the other party for the costs, expenses and attorney's fees incurred in
successfully dismissing the action or successfully transferring the action to
the federal courts located in the State of Colorado, or the state courts located
in the County of Boulder, Colorado.
24. Severable. If any provision of this Agreement is determined to be
invalid, void or unenforceable, in whole or in part, this determination will not
affect any other provision of this Agreement, and the provision in question
shall be modified so as to be rendered enforceable.
25. Enforce According To Terms. The parties intend this Agreement to be
enforced according to their terms.
26. Execution Date. This Agreement is effective on the later of the dates
that each party signed this Agreement ("Execution Date").
27. Counterparts. This Agreement may be executed in one or more
counterparts, any of which need not contain the signatures of more than one
party but all signed counterparts taken together will constitute one and the
same argument.
28. Section Headings. The section and paragraph headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement.
29. Expiration. Unless otherwise agreed to by Rogue Wave in writing signed
by an authorized Rogue Wave representative, this agreement must be executed by
Xx. Xxxxx and delivered to Rogue Wave no later than January 3, 2000 to be
effective or binding on Rogue Wave.
IN WITNESS WHEREOF, the parties have duly authorized and caused this
Agreement to be executed as follows:
Xxxxxxx Xxxxx, an individual Rogue Wave Software, Inc.,
a corporation
/s/ Xxxxxxx Xxxxx By: _______________________
-------------------------------
Xxxxxxx Xxxxx
Its:_______________________
Date: November 17, 1999 Date:________________, 1999
Exhibit A: Employee Proprietary Information and Inventions Agreement
8
Exhibit B: Disclosure Under Title 29 U.S. Code Section 626(f)(1)(H)
9
Exhibit B
---------
DISCLOSURE UNDER TITLE 29 U.S. CODE SECTION 626(f)(1)(H)
Confidentiality Provision: The information contained in this document is
private and confidential. You may not
disclose this information to anyone except
your professional advisors.
1. The severance package program applies to certain of those employees in
the Administrative, Marketing, TeleSales--Colorado, TeleSales--North
Carolina, and TeleSales--Oregon, and Development--North Carolina
departments of Rogue Wave Software, Inc.
2. In the categories listed above, each employee whose job position will
be eliminated between August 15, 1999 and October 31, 1999, is
eligible to participate in the severance package program if the
employee executed the release of claims set forth in the foregoing
agreement.
3. All eligible employees who have attained the age of 40 years or older
will have up to forty-five days to review the terms and conditions of
the severance package and seven days to revoke the release of claims
under the Age Discrimination in Employment Act of 1967, as amended.
=======================================================================================================================
Employees Eligible For The Severance Package Program
-----------------------------------------------------------------------------------------------------------------------
Job Classification/Organizational Unit Age (as of October 27, 1999)
-----------------------------------------------------------------------------------------------------------------------
Administrative 39, 48
-----------------------------------------------------------------------------------------------------------------------
Development, North Carolina 28
-----------------------------------------------------------------------------------------------------------------------
Marketing 21, 34, 37, 38, 39, 41, 45, 47, 47
-----------------------------------------------------------------------------------------------------------------------
TeleSales, Colorado 41, 48
-----------------------------------------------------------------------------------------------------------------------
TeleSales, North Carolina 31, 42
-----------------------------------------------------------------------------------------------------------------------
TeleSales, Oregon 24, 27, 31, 35, 36, 39
=======================================================================================================================
=======================================================================================================================
Employees Not Eligible For The Severance Package Program
-----------------------------------------------------------------------------------------------------------------------
Job Classification/Organizational Unit Age (as of October 27, 1999)
-----------------------------------------------------------------------------------------------------------------------
Administrative 23, 24, 25, 26, 28, 29, 30, 31, 33,
33, 35, 36, 37, 38, 41, 42, 43, 45,
50, 51, 51, 53, 60, 61
-----------------------------------------------------------------------------------------------------------------------
Development, North Carolina 25, 25, 24, 26, 26, 27, 27, 28, 29,
30, 31, 34, 35, 36, 37, 38, 39, 41
-----------------------------------------------------------------------------------------------------------------------
Marketing 29, 30, 31, 32, 33, 33, 34, 35, 35,
36, 36, 39, 42, 42, 42
-----------------------------------------------------------------------------------------------------------------------
TeleSales, Colorado 25, 25, 25, 25, 26, 26, 26, 26, 26,
27, 28, 28, 29, 29, 30, 30, 30, 31,
31, 31, 33, 33, 33, 34, 36, 36, 36,
37, 40, 40, 41, 42, 44, 46, 47, 48,
51, 55
=======================================================================================================================
1.
=======================================================================================================================
TeleSales, North Carolina 25, 27, 27, 27, 28, 31, 32, 33, 48
-----------------------------------------------------------------------------------------------------------------------
TeleSales, Oregon 30, 51
=======================================================================================================================
2.
