VIA HAND DELIVERY October 24, 2017 Richard Adams Bolton, MA 01740 Dear Richard:Severance Agreement • November 15th, 2017 • CPS Technologies Corp/De/ • Pottery & related products • Massachusetts
As we discussed, your resignation from CPS Technologies Corporation (the “Company”) will be effective November 10, 2017 (the “Separation Date”). As we also discussed, you will be eligible to receive the severance benefits described in paragraph 1 below if you sign and return this letter agreement to me by November 15, 2017 (but no earlier than the Separation Date) and do not revoke your agreement (as described below). By signing and returning this letter agreement and not revoking your acceptance, you will be entering into a binding agreement with the Company and will be agreeing to the terms and conditions set forth in the numbered paragraphs below, including the release of claims set forth in paragraph 2. Therefore, you are advised to consult with an attorney before signing this letter agreement and you have been given at least twenty-one (21) days to do so. If you sign this letter agreement, you may change your mind and revoke your agreement during the seven (7) day period after you
