EXHIBIT 10.2 March 18, 2002 Eric Erdman 14 Paul St. Thornhill, ON L3T 2H4 Dear Eric: This letter is to confirm our verbal discussions that Genesis Microchip is interested in having you once again assume the position of Vice President, Finance & Chief...Employment Agreement • July 1st, 2002 • Genesis Microchip Inc /De • Services-computer programming services
This letter is to confirm our verbal discussions that Genesis Microchip is interested in having you once again assume the position of Vice President, Finance & Chief Financial Officer of Genesis Microchip, reporting to me. This offer is conditioned upon your agreement that (1) the settlement agreement you entered into with Genesis Microchip dated February 14, 2002, is null and void and that any on-going payments associated with that agreement are immediately ended; and (2) the General Release signed on February 18/th/, 2002 is also null and void. However, the confidentiality agreement that you signed on July 24, 1995 (the "Confidentiality Agreement") will remain in full force and effect.
