PERCEPTRON, INC. SEVERANCE AGREEMENT - EXECUTIVESeverance Agreement • December 24th, 2008 • Perceptron Inc/Mi • Optical instruments & lenses • Michigan
THIS SEVERANCE AGREEMENT, dated as of December 18, 2008 (the “Agreement”), is between Perceptron, Inc. (the “Company”) and Mark S. Hoefing, who is currently employed by the Company in the position of Senior Vice President – Industrial Business Unit (the “Executive”). The parties acknowledge that the Company and the Executive previously entered into a severance agreement dated September 26, 2005 (the “Prior Agreement”), and the Company and the Executive agree that this Agreement supersedes and renders void the Prior Agreement in all respects.
