July 23, 2008 Mr. Drew A. Moyer Perkasie, PA 18944 Dear Drew:Technitrol Inc • July 30th, 2008 • Electronic components, nec • Pennsylvania
This letter will serve as an agreement between you and Technitrol, Inc. ("TNL") regarding what constitutes a termination of your employment at TNL and setting forth the rights and obligations of each of us upon the occurrence of such a termination. We intend that this letter constitutes a legal and binding agreement between us, and we acknowledge good and valuable consideration for our joint promises in this letter. The Board of Directors of TNL (the "Board of Directors" or "Board") approved this Agreement at a meeting on July 23, 2008, and it shall have a term which expires three years from that date.
