0001047469-03-035491 Sample Contracts

Separation Agreement Dear Joe:
Electro Scientific Industries Inc • October 31st, 2003 • Miscellaneous electrical machinery, equipment & supplies • Oregon

As we have discussed, your employment with Electro Scientific Industries, Inc. ("ESI" or the "Company") will terminate effective at the close of business on November 30, 2003 (the "Separation Date"). Your last day worked will be August 29, 2003 at which time you resign your position as Vice President Business Development and an Officer of the Company and you will no longer be be required to come into the office. During the period August 29 through November 30, you will remain an active full-time employee and will continue to receive your current salary and benefits.

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