August 3, 2006 Veronica Tarrant 1933 Winterset Place Simi Valley, CA 93065 Re: Termination of Employment—Agreement and Settlement of Claims Dear Veronica,Power One Inc • August 9th, 2006 • Electronic components, nec • California
Company FiledAugust 9th, 2006 Industry JurisdictionThis letter agreement supersedes and replaces the letter agreement dated July 31, 2006 previously provided to you for your consideration. Following further discussions between You and Power-One, this letter agreement now presents the terms, conditions, understandings, and agreements reached between You and Power-One regarding resolution, settlement and release of any respective disputes and claims of each party arising from the termination of Your employment by Power-One.