EXHIBIT 10.1 CLASS I SEVERANCE AGREEMENT THIS AGREEMENT (the "Agreement"), made and entered into effective as of January 1, 2002 (the "Effective Date"), is by and between CYBERONICS, INC., a Delaware corporation (the "Company"), and MICHAEL CHENEY...Severance Agreement • March 8th, 2002 • Cyberonics Inc • Electromedical & electrotherapeutic apparatus • Texas
