RECITALSFinancing Agreement • November 10th, 1999 • Tessco Technologies Inc • Wholesale-electronic parts & equipment, nec
EXHIBIT 10.9 TERMINATION OF EMPLOYMENT ARRANGEMENT TESSCO Technologies Incorporated and Mr. Robert C. Singer have entered into an employment agreement as of October 4, 1999. Pursuant to the agreement, TESSCO remains obligated to continue base salary...Tessco Technologies Inc • November 10th, 1999 • Wholesale-electronic parts & equipment, nec
TESSCO Technologies Incorporated and Mr. Robert C. Singer have entered into an employment agreement as of October 4, 1999. Pursuant to the agreement, TESSCO remains obligated to continue base salary compensation and benefits to Mr. Singer for the scheduled terms of the agreement if the employment of Mr. Singer is terminated by TESSCO without "good cause" or by Mr. Singer with "good reason". If Mr. Singer's employment is terminated by TESSCO for "good cause", or by Mr. Singer without "good reason", TESSCO is generally obligated to pay compensation and benefits only to the date of termination. "Good cause" generally means: (I) the willful continued failure by Mr. Singer to substantially perform his management duties, (ii) intentional misconduct by Mr. Singer causing substantial injury to the Company, or (iii) the conviction of a felony crime involving moral turpitude. "Good reason" is defined to include: (I) a substantial diminution in Mr. Singer's title, duties or authority, (ii) a relo
EXHIBIT 10.11 TERMINATION OF EMPLOYMENT ARRANGEMENT TESSCO Technologies Incorporated and Mr. Douglas Rein have entered into an employment agreement as of June 9, 1999. Pursuant to the agreement, TESSCO remains obligated to continue base salary...Tessco Technologies Inc • November 10th, 1999 • Wholesale-electronic parts & equipment, nec
TESSCO Technologies Incorporated and Mr. Douglas Rein have entered into an employment agreement as of June 9, 1999. Pursuant to the agreement, TESSCO remains obligated to continue base salary compensation and benefits to Mr. Rein for the scheduled terms of the agreement if the employment of Mr. Rein is terminated by TESSCO without "good cause" or by Mr. Rein with "good reason". If Mr. Rein's employment is terminated by TESSCO for "good cause", or by Mr. Rein without "good reason", TESSCO is generally obligated to pay compensation and benefits only to the date of termination. "Good cause" generally means: (I) the willful continued failure by Mr. Rein to substantially perform his management duties, (ii) intentional misconduct by Mr. Rein causing substantial injury to the Company, or (iii) the conviction of a felony crime involving moral turpitude. "Good reason" is defined to include: (I) a substantial diminution in Mr. Rein's title, duties or authority, (ii) a relocation of the Company's
