OMTOOL, LTD.Change of Control Severance Eligibility Agreement • November 13th, 2003 • Omtool LTD • Services-prepackaged software • New Hampshire
In connection with your “at-will” employment with Omtool, Ltd. (“Omtool” or the “Company”), Omtool agrees to provide you with eligibility for the severance benefits set forth in this letter agreement (the “Agreement”) if your employment is terminated under the circumstances described below:
SEVERANCE AGREEMENT AND GENERAL RELEASESeverance Agreement • November 13th, 2003 • Omtool LTD • Services-prepackaged software • New Hampshire
This Severance Agreement and General Release (the “Agreement”) is hereby entered into by and between Timothy P. Losik (“Timothy P. Losik” or “You”) and OMTOOL, LTD. (“OMTOOL” or the “Company”) for good and sufficient consideration more fully described below.
