Paul Thomas Goldman III 18301 Angel Valley Drive Leander, TX 78641 Dear Tom:Severance Agreement • May 26th, 2006 • American Power Conversion Corporation • Electrical industrial apparatus • Rhode Island
This will confirm that your employment with American Power Conversion Corporation and its subsidiaries (collectively “APC” or the “Company”) has been terminated, effective as of March 24, 2006 (the “Termination Date”). As of the Termination Date, your salary has ceased, and any entitlement you had or might have had under an APC-provided benefit plan, program or practice terminates, except as otherwise required by federal or state law. This letter agreement (“Agreement”) spells out the terms of your separation from employment with APC.
