SEPARATION AGREEMENT AND RELEASESeparation Agreement and Release • November 12th, 2010 • Innovaro, Inc. • Services-management consulting services • Florida
THIS SEPARATION AGREEMENT AND RELEASE (“Separation Agreement”) is entered into as of the Effective Date, as defined below, by and between Doug Schaedler (“Executive”) and Innovaro, Inc., f/k/a UTEK Corporation, a Delaware corporation (the “Company”). Capitalized terms used herein, but not otherwise defined herein, shall have the meanings ascribed to such terms in the Employment Agreement by and between Executive and the Company, dated November 20, 2009 (the “Employment Agreement”).
