July 22, 2009 Mr. Alan H. Benjamin [address omitted] Dear Alan:Technitrol Inc • August 10th, 2009 • Electronic components, nec
This letter will serve as an agreement between you and Pulse Engineering, Inc. ("Pulse") regarding what constitutes a termination of your employment at Pulse 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 Technitrol, Inc. ("TNL") (the "Board of Directors" or "Board") approved this Agreement at a meeting on July 22, 2009, and it shall have a term which expires three years from that date.
