0001104659-02-002311 Sample Contracts

SETTLEMENT AND RELEASE AGREEMENT
Settlement and Release Agreement • May 14th, 2002 • Axsys Technologies Inc • Optical instruments & lenses • Connecticut

This Settlement and Release Agreement (the “Agreement”) is entered into this 27th day of March, 2002 (the “Effective Date”) between Axsys Technologies, Inc. (the “Company”) and Mark J. Bonney (the “Employee”).

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TERMINATION AGREEMENT AND GENERAL RELEASE
Termination Agreement and General Release • May 14th, 2002 • Axsys Technologies Inc • Optical instruments & lenses • Connecticut

This Termination Agreement and General Release (“Agreement”) is entered into by and between Axsys Technologies, Inc. a Delaware corporation (“Axsys”), and John Hanley, an individual residing at 34 Joel Drive, Hebron, CT 06238 (“Employee”), as of January 10, 2002, for the purpose of amicably concluding their employment relationship.

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