Item 5.02. Departure Of Directors Or Principal Officers; Election Of Directors;
Appointment Of Principal Officers
On January 5, 2010, Mr. Massoud Safavi, who was serving as Chief Operating
Officer of EF Johnson Technologies, Inc. (the "Company"), provided his
resignation to the Company effective as of January 5, 2010. Pursuant to the
terms of a Separation Agreement between Mr. Safavi and the Company, Mr. Safavi
will receive separation pay in the amount of $216,666.66, which amount is equal
to eight (8) months' base salary. The separation pay will be paid in accordance
with the Company's normal payroll procedures over a period of eight (8) months.
In the event Mr. Safavi finds full time employment before the end of the eight
month period, the Company's obligation to pay the separation pay will cease. In
addition, Mr. Safavi will receive health insurance at least equal to the
benefits provided to active employees of the Company for twelve months. In
accordance with the Age Discrimination in Employment Act, Mr. Safavi has seven
(7) days following the date of the Separation Agreement to revoke it. A copy of
the Separation Agreement is attached hereto as Exhibit 10.1 and incorporated
herein by reference.
Item 9.01 EXHIBITS
(d) The following is a list of the exhibits filed herewith.
Exhibit
Number Description
10.1 Safavi Separation Agreement, dated January 5, 2010
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