Form of Amended and Restated Severance/Change in Control Letter Agreement between the Company and its executive officers]Severance Agreement • February 27th, 2013 • Rimage Corp • Computer peripheral equipment, nec • Minnesota
The purpose of this Letter Agreement is to set forth our agreement in regard to your severance arrangement. Although your employment is “at will” and may be terminated by you or Rimage Corporation (“Rimage”) at any time for any reason, Rimage has agreed to provide you with a particular severance pay benefit in the event Rimage terminates your employment without Cause (as defined below) or, for the specified periods identified below following the date of this Letter Agreement or following a Change in Control (as defined below), you terminate your employment for Good Reason (as defined below). Terms not otherwise defined in this letter (the “Letter Agreement”) shall have the meaning given such terms on Schedule 1, which is incorporated herein by reference. Rimage’s obligation to you under this Letter Agreement is, among the other requirements set forth below, subject to the condition that you execute a Nondisclosure and Noncompetition Agreement in the form attached as Exhibit A, which is
LONG TERM INCENTIVE BONUS AGREEMENTLong Term Incentive Bonus Agreement • February 27th, 2013 • Rimage Corp • Computer peripheral equipment, nec • Minnesota
THIS LONG TERM INCENTIVE AGREEMENT (“Agreement”) is made by and between Sherman Black, a Minnesota resident (“Employee”) and Rimage Corporation, a Minnesota corporation (the “Company”), and is dated as of February 21, 2013.
LONG TERM INCENTIVE BONUS AGREEMENTLong Term Incentive Bonus Agreement • February 27th, 2013 • Rimage Corp • Computer peripheral equipment, nec • Minnesota
THIS LONG TERM INCENTIVE AGREEMENT (“Agreement”) is made by and between James R. Stewart, a Minnesota resident (“Employee”) and Rimage Corporation, a Minnesota corporation (the “Company”), and is dated as of February 21, 2013.
