SEVERANCE AGREEMENT AND GENERAL RELEASEConsulting Agreement • January 12th, 2009 • Aspect Medical Systems Inc • Electromedical & electrotherapeutic apparatus • Massachusetts
This Severance Agreement and General Release (the “Agreement”) confirms our understanding regarding the terms and conditions of the end of your employment with Aspect Medical Systems, Inc. (the “Company”) and your post-employment engagement with the Company as an independent contractor. As we discussed, you have no pre-existing right to severance. However, the Company has decided that you may receive the severance benefits described in the “Description of Severance Benefits” attached to this Agreement as Attachment A, if you: (a) sign and return this Agreement to Margery Ahearn at 1 Upland Road, Norwood, MA 02062 on or after January 1, 2009 but no later than on January 9, 2009, and do not revoke the Agreement; and (b) sign and return the Release of Claims at Attachment B to me on or after April 1, 2009 but no later than on April 22, 2009, and do not revoke the Release of Claims.
