Safeguard Scientifics, Inc. 800 The Safeguard Building 435 Devon Park Drive Wayne, PA 19087 (610) 293-0600 (610) 293-0601 (General Fax)General Release and Agreement • August 20th, 2007 • Safeguard Scientifics Inc • Services-business services, nec • Pennsylvania
This letter (hereinafter referred to as the “Agreement”) shall serve as notice to you of acceptance of your resignation of your board and officer positions as described in the next paragraph of this Agreement, and your resignation from employment by Safeguard Scientifics, Inc. (“Safeguard”), effective August 19, 2007 (the “Termination Date”). In consideration of your execution of a general release of claims and non-competition agreement, Safeguard agrees to treat your cessation of employment as if it were a resignation by you with good reason under the severance agreement between you and Safeguard dated November 17, 2004 (the “Severance Agreement”).
