HPL Letterhead]Employment Agreement • February 14th, 2002 • HPL Technologies Inc • Services-prepackaged software
Effective as of the date of this Agreement, your monthly base salary will be increased to $11,666.67, payable in accordance with the Company's normal payroll practices. In the event that your employment is terminated without Cause (as defined below), you will be entitled to receive severance pay in an amount equal to 12 months' base salary, payable in 12 equal monthly installments unless the Company elects to make a lump-sum payment of the aggregate amount.
HPL Letterhead]Employment Agreement • February 14th, 2002 • HPL Technologies Inc • Services-prepackaged software
Subject to the approval of the Board of Directors, HPL Technologies, Inc. or its designated subsidiary (the "Company" or "HPL") is pleased to offer you a position as Vice President, Corporate Development, on the terms set forth in this letter agreement (this "Agreement"), effective upon your acceptance by execution of a counterpart copy of this Agreement where indicated below.
