August 3, 2006 Veronica Tarrant 1933 Winterset Place Simi Valley, CA 93065 Re: Termination of Employment—Agreement and Settlement of Claims Dear Veronica,Termination of Employment Agreement • August 9th, 2006 • Power One Inc • Electronic components, nec • California
This 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.
