November 29, 2012 Gary J. Spiegel 11284 Hannaford Drive Tustin, CA 92782-4316 Re: Transition Agreement Dear Gary:Letter Agreement • November 30th, 2012 • Newport Corp • Laboratory apparatus & furniture
This letter agreement (the “Agreement”) sets forth our agreement regarding your transition to retirement and the compensation and benefits package that Newport Corporation (“Newport” or the “Company”) is providing you to assist in that process. Once signed by you, this Agreement will confirm our mutual understanding on the following terms:
