Exhibit 10.8
Executive Severance Agreement Dated March 31, 2001.
Halifax Corporation, in consideration of your continued
employment with the Company through March 31, 2002, agrees
to pay to you the sum of $100,000, as a severance payment.
The payment will be made to you based upon your current base
salary rate, and will be paid on normal payroll payment
dates subsequent to March 31, 2002, until the entire amount
of $100,000 has been paid to you. You agree to provide the
Company with at least 90 days notice prior to March 31,
2002, in the event you decide to terminate your employment
with the Company as of March 31, 2002.
/s/Xxxx Xxxxx
Xxxx Xxxxx
Halifax Compensation Committee
/s/Xxxx Xxxxxx
Xxxx Xxxxxx
Halifax Compensation Committee
Xxxxxxx XxXxx
CEO & President, Halifax Corporation
Agreed and accepted this 31st day of
March 2001.
/s/Xxxxxxx X. XxXxx
Xxxxxxx X. XxXxx