Re: Severance AgreementSeverance Agreement • July 11th, 2006 • Cambridge Heart Inc • Electromedical & electrotherapeutic apparatus
Cambridge Heart, Inc. (the “Company”) recognizes that, as is the case with many publicly-held corporations, the possibility of a change in control of the Company exists and that such possibility, and the uncertainty and questions it may raise among key personnel, may result in the departure or distraction of key personnel to the detriment of the Company and its stockholders. The Board of Directors has determined that, while there are no current plans for the Company to engage in a change of control transaction, appropriate steps be taken to reinforce and encourage the continued employment and dedication of the Company’s key personnel without distraction from the possibility of a change of control and related events and circumstances.
