InvestorsHub Logo
Followers 0
Posts 199
Boards Moderated 0
Alias Born 11/03/2011

Re: None

Monday, 10/21/2013 9:05:07 AM

Monday, October 21, 2013 9:05:07 AM

Post# of 80868
Any legal experts in here? Codie?

Separation and Release of claims? does this prevent bluher from spilling 'potential' beans to the sec?


from 8k-

Simultaneously with Mr. Bluher’s resignation as an employee of the Company, Mr. Bluher and the Company entered into a Separation and
Release of Claims Agreement (the “Release Agreement”) pursuant to which Mr. Bluher ended his employment with the Company.


Pursuant to the Release Agreement, Mr. Bluher shall receive (i) all unpaid base salary plus unused vacation time, (ii) $150,000, (iii) reimbursal
for group health insurance for 12 months, and (iv) all unvested restricted stock units owned by Mr. Bluher pursuant to a previously executed
RSU Agreement and previously executed Restricted Stock Agreements (as both are defined the Release Agreement) in exchange for releasing
and discharging the Company and its affiliates and subsidiaries from any and all claims of any kind arising out of, or related to, his employment
and separation from employment with the Company.

Mr. Bluher’s resignation was not as a result of any disagreements with the Company’s operations, policies or practices.