EXECUTIVE CHANGE OF CONTROL AND SEVERANCE AGREEMENT May 16, 2011Executive Change of Control and Severance Agreement • February 17th, 2012 • Fei Co • Laboratory analytical instruments • Oregon
FEI considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of FEI and its shareholders. FEI recognizes that, as is the case with many publicly held corporations, the possibility of a change of control may exist and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of FEI and its shareholders. In order to induce Executive to remain employed by FEI in the face of uncertainties about the long-term strategies of FEI and possible change of control of FEI and their potential impact on Executive's position with FEI, this Executive Change of Control and Severance Agreement (“Agreement”), which has been approved by the Board of Directors of FEI, sets forth the severance benefits that FEI will provide to Executive in the event Executive's employment by FEI is terminated under the circums
