FOCAL INC
10-Q, EX-10.4, 2000-11-14
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
Previous: FOCAL INC, 10-Q, EX-10.3, 2000-11-14
Next: FOCAL INC, 10-Q, EX-27, 2000-11-14



<PAGE>







TO:      Harry Trout III

FROM:    Robert J. DePasqua

RE:      Separation Agreement

DATE:    8/16/2000
-------------------------------------------------------------------------------


As an officer of the corporation, in the event that the Company terminates
your employment for any reason other than "cause", you will be entitled to the
separation package outlined below. This correspondence supersedes all
previous correspondence related to this subject.


-  You will be notified in writing that your employment is being terminated.
   An effective date will be identified.

-  You will receive six months salary continuation, from the effective date,
   during which:
   -  You will remain an employee on "inactive" status whereby your benefits
      will continue as usual,
   -  You will no longer be present at the Company,
   -  Your stock options will continue to vest as usual,
   -  You will be provided with Executive Outplacement Services at a cost not
      to exceed $15,000.

-  Your employment with the Company will terminate at the completion of your
   six months of salary continuation. Your last paycheck will include earned,
   unused vacation time in accordance with Company policy.

-  From your date of termination, you will have the option of continuing your
   medical and dental coverage through COBRA for up to 18 months. For the
   first 6 months of COBRA, if you (and your eligible dependents) are
   uninsured, Focal will pay the entire premium cost. Beginning with the
   seventh month, you will be responsible for the entire premium.

-  To receive this separation package, you will be required to sign a
   document that releases Focal from any liability with regard to your
   employment.









© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission