RETENTION AGREEMENTRetention Agreement • October 14th, 2008 • Overland Storage Inc • Computer storage devices • California
This Retention Agreement (this “Agreement”) is entered into on April 21, 2008 between Overland Storage Inc., a California corporation having its principal offices at 4820 Overland Avenue, San Diego, California 92123 (the “Company”), and Ravindra Pendekanti (“Employee”).
Re: Employment, Separation and General Release AgreementOverland Storage Inc • October 14th, 2008 • Computer storage devices
Reference is made to the above-referenced agreement (the “Agreement”). Such Agreement provides for your Separation Date as August 14, 2008. By execution of this letter agreement, the parties acknowledge that they would like to extend the Separation Date to October 14, 2008. No other terms of the Agreement shall change.
August 26, 2008 Robert Farkaly XXXXXXXXXXX Poway, CA 92064 Re: Severance Agreement and General Release Dear Robert:Overland Storage Inc • October 14th, 2008 • Computer storage devices • California
As we discussed, your employment with Overland Storage, Inc. (the “Company”) will terminate August 27, 2008 (“Separation Date”). Although the Company does not have a formal severance policy, this letter sets forth our proposed agreement concerning your separation from the Company, benefits from the Company and your release of the Company from any obligations or claims after the Separation Date.
