SETTLEMENT AND RELEASE AGREEMENTSettlement and Release Agreement • December 14th, 2021 • Frequency Electronics Inc • Instruments for meas & testing of electricity & elec signals • New York
This Settlement and Release Agreement (“Agreement”) is entered into between, by and among (a) Martin B. Bloch (“Bloch”); (b) Tatiana Bloch, Anna Sophia Bloch, a minor, by her guardian Martin B. Bloch, Anna Kochurova, Valery Kacharau, Jerry Bloch, Helen Bloch, Marlon Bishop, Chloe Bishop, and Megan Wylie (the nine preceding individuals referred to collectively as the “Bloch-Related Parties”); (c) Frequency Electronics, Inc. (“FEI”); and (d) the Compensation Committee of the Board of Directors of FEI, in its capacity as administrator of the deferred compensation plan agreements between Martin B. Bloch and FEI (the “Compensation Committee”), the Deferred Compensation Plan, dated March 27, 1980, as amended (the “1980 Plan”), the Deferred Compensation Plan, dated March 7, 2008, as amended and restated (the “2008 Plan”), Dr. Stanton D. Sloane, Richard Schwartz, Gen. Lance W. Lord, USAF (ret.), Jonathan Brolin, and Russell M. Sarachek (the eight preceding entities, Plans, and individuals refe
