Exhibit 10.28

 

February 21, 2013

 

 

 

Dear Wahid:

 

The purpose of this letter is to update the relocation agreement that was
provided to you upon your hire with AeroVironment.

 

AeroVironment, Inc. will reimburse you for relocation expense to a maximum of
$300,000.00.  This relocation money is to be used for house hunting expenses for
you and your family, expenses related to moving your household goods from
Virginia to Monrovia, expenses related to selling your home in Virginia and
purchasing a home in Southern California, and temporary rental expenses for a
residence in Southern California.  Relocation reimbursement expenses will be
subject to any applicable taxes.  You will have the option to have any money not
expensed toward your $300,000.00 budget paid to you as a taxable bonus.

 

Should you voluntarily resign your position with the company before your
2nd anniversary date, you will be required to repay AeroVironment, Inc. all
relocation money that has been paid to you and paid by the company for your
relocation

 

Sincerely,

 

 

 

Cathleen S. Cline

Sr. Vice President of Administration

 

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