February 25, 2010 Ravi Pendekanti xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxx Re: Separation and General Release Agreement Dear Ravi,Overland Storage Inc • March 22nd, 2010 • Computer storage devices • California
As we discussed, your employment with Overland Storage, Inc. (the “Company”) will terminate effective February 25, 2010 (“Separation Date”). Although the Company does not have a formal severance policy, this letter sets forth our proposed agreement concerning your separation from the Company, benefits from the Company and your release of the Company from any obligations or claims.
