ContractPayment, Retirement and Release Agreement • May 5th, 2020
EX-10.6 2 v048423_ex10-6.htm EXHIBIT 10.6 PAYMENT, RETIREMENT AND RELEASE AGREEMENT This Payment, Retirement and Release Agreement (the “Agreement”) is dated as of July 27, 2006 by and between the Pension Benefit Guaranty Corporation, an agency of the Federal Government of the United States of America (“PBGC”) and PubliCARD, Inc., a Pennsylvania corporation (“PubliCARD”). WITNESSETH: WHEREAS, PubliCARD maintained a pension plan for certain of its employees known as the Publiker Retirement Income Plan (“Plan”), a defined benefit pension plan covered by Title IV of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); WHEREAS, by agreement dated September 23, 2004, PubliCARD and PBGC agreed that the Plan should be terminated with an effective termination date of March 31, 2003 (the “Termination Date”), and that PBGC should thereafter act as statutory trustee of the Plan; WHEREAS, as a result of the termination of the Plan and pursuant to Section 4062 of ERISA, PubliC
PAYMENT, RETIREMENT AND RELEASE AGREEMENTPayment, Retirement and Release Agreement • July 28th, 2006 • Publicard Inc • Computer peripheral equipment, nec • New York
This Payment, Retirement and Release Agreement (the “Agreement”) is dated as of July 27, 2006 by and between the Pension Benefit Guaranty Corporation, an agency of the Federal Government of the United States of America (“PBGC”) and PubliCARD, Inc., a Pennsylvania corporation (“PubliCARD”).
