March 15, 2016 Tim Halfmann DELIVERED ELECTRONICALLY RE: Your Transition and Separation from Employment with Insignia Systems, Inc. Dear Tim:Transition and Separation Letter Agreement • March 17th, 2016 • Insignia Systems Inc/Mn • Services-advertising
This Transition and Separation Letter Agreement (“Separation Letter”) confirms your voluntary resignation from employment with Insignia Systems, Inc. (“Insignia”) effective April 30, 2016 (the “Anticipated Separation Date”), subject to the terms and conditions identified in this Separation Letter. Details concerning your continued employment from today through the Anticipated Separation Date (the “Transition Term”), and your separation from Insignia, are outlined below. Each capitalized term used in this Separation Letter and not defined herein has the meaning given to such term in the Agreement made by and between you and Insignia effective as of April 28, 2014 (the “Employment Agreement”).
