EMRISE CORPORATION EXECUTIVE SEPARATION AGREEMENTExecutive Separation Agreement • September 4th, 2015 • EMRISE Corp • Electronic components, nec • New Jersey
This EXECUTIVE SEPARATION AGREEMENT (this “Agreement”) is entered into as of the date indicated on the signature page hereto by and between EMRISE Corporation, a Delaware corporation (the “Company”) and Carmine T. Oliva, an individual (“Executive” and together with the Company, the “Parties” and each, a “Party”). The effective date of this Agreement (“Effective Date”) shall be June 30, 2015, the date of the closing of the transaction, the terms of which are set forth in that certain Stock Purchase Agreement by and among DDC (United Kingdom) Limited, EMRISE Electronics Ltd. and EMRISE Corporation (the “Transaction”).
