Letter Agreement Regarding Severance Offer and General ReleaseSeverance Agreement • August 27th, 2004 • Crossroads Systems Inc • Computer peripheral equipment, nec
As we have discussed, your employment as Vice President and Chief Financial Officer of with Crossroads Systems, Inc. (the “Company”) will end on September 15, 2004 (the “Employment End Date”) as a result of your voluntary resignation, which has been accepted by the Company. In connection with the cessation of your employment, you may receive certain severance benefits. Your eligibility of such benefits depends upon your execution of a general release and your other agreements contained in this Letter Agreement. Attached as Exhibit A to this Letter Agreement is a copy of the general release (the “Release”) the Company is requiring you to sign in order to receive the benefits. This Letter Agreement summarizes the benefits that may be available and the terms and requirements related thereto.
