Exhibit 10.10

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II-VI INCORPORATED, 375 Saxonburg Boulevard, Saxonburg, PA 16056

General Offices: 724-352-4455

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into this 6th
day of March, 2017 (the “Effective Date”), by and between II-VI INCORPORATED, a
Pennsylvania corporation, having a principal place of business at 375 Saxonburg
Boulevard, Saxonburg, Butler County, Pennsylvania 16056 (the “Employer”), and Jo
Anne Schwendinger, of 2404 Railroad Street, Pittsburgh, PA 15222 (the
“Employee”).

PREAMBLE

Employer desires to employ Employee.  Employee will assume a position of
confidentiality, trust and importance with Employer, and has and will acquire
information, knowledge and experience with Employer that is proprietary,
confidential, hard to replace and would also place Employee at an unfair
advantage should Employee use this information, knowledge, and experience to
further the interests of anyone other than Employer.  As a result, Employer
desires to protect its rights in its proprietary, confidential and trade secret
information and Employee is willing to and has agreed to abide by and faithfully
observe the obligations of Employee as set forth herein.  As an express
precondition to and as partial consideration for employment, Employer has
required that Employee enter into this Agreement.  

AGREEMENT

NOW, THEREFORE, in consideration of the mutual covenants herein contained and
intending to be legally bound hereby, the parties hereto agree to the following:

1.Employment.  Employer shall employ Employee as General Counsel and Secretary
to perform such duties as may be determined and assigned to Employee by the
Employer from time to time. Employee’s employment with Employer shall be at
will, meaning that either party can terminate the employment at any time, with
or without cause, and job titles, duties, compensation and benefits shall be
subject to revision by Employer.

2.Compensation.  

(a)Compensation.  In consideration of the services to be performed by Employee,
Employer agrees to pay Employee a base salary payable in equal installments at
the regularly scheduled pay dates of Employer. Employee’s base salary may be
adjusted from time to time in accordance with Employer’s performance review
processes and policies.  

 

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(b)Other Benefits.  Employer also agrees to provide Employee with fringe
benefits and all other benefits from time to time provided to similarly situated
executive employees.    

3.Full Time, Best Efforts and Conduct. Employee covenants and agrees to devote
all of Employee’s business time and efforts to the faithful performance of the
duties assigned to Employee from time to time by Employer, except to the extent
that Employer expressly permits Employee to engage in outside activities during
business hours.  Employer and Employee acknowledge that from time to time,
Employee may either desire or be asked by Employer to engage in business
activities or perform business services for the benefit of third parties, such
as, e.g., serving as an outside director or consultant for another company.  In
each case, Employee’s involvement in such business activities or services shall
be subject to the mutual agreement and approval of both Employer and
Employee.  Employee shall at all times engage in conduct in accordance with the
highest standards of ethics and shall take no action that will harm the
reputation of Employer.  To every extent not inconsistent with the terms of this
Agreement, the terms and conditions of Employee’s employment are also governed
by Employer’s personnel policies and employee handbook, as they may be issued
and amended from time to time.  

4.Confidential Information.  

(a)Nondisclosure and Non-use.  Both during the term of Employee’s employment
with Employer and thereafter, Employee covenants and agrees that Employee (i)
shall exercise the utmost diligence to protect and safeguard the Confidential
Information of Employer and its Affiliates; (ii) shall not disclose to any third
party any Confidential Information, except as may be required by Employer in the
course of Employee’s employment or by law; and (iii) shall not use, directly or
indirectly, for Employee’s own benefit or for the benefit of another, any
Confidential Information.  Employee acknowledges that Confidential Information
has been and will be developed and acquired by Employer and its Affiliates by
means of substantial expense and effort, that the Confidential Information is a
valuable proprietary asset of Employer’s and its Affiliates’ business, and that
its disclosure would cause substantial and irreparable injury to Employer’s and
its Affiliates’ business.  For purposes of this Agreement, “Affiliate” shall
mean any entity controlling, controlled by, or under common control with
Employer.

(b)Definition of Confidential Information.  “Confidential Information” means all
information of a confidential or proprietary nature, whether or not specifically
labeled or identified as “confidential,” in any form or medium, that is or was
disclosed to, or developed or learned by, Employee in connection with Employee’s
past, present or future employment with Employer and that relates to the
business, products, services, research or development of any of the Employer or
its Affiliates or their suppliers, distributors or customers.  Confidential
Information includes, but is not limited to, the following: (i) internal
business information (including, but not limited to, information relating to
strategic plans and practices, business, training, marketing, promotional and
sales plans and practices, cost, rate and pricing structures, accounting and
business methods);  (ii) identities of, individual requirements of, specific
contractual arrangements with, and information about, any of Employer’s, or any
of its Affiliates’, suppliers, distributors and customers and their confidential
information; (iii) trade secrets, know-how, compilations of data and analyses,
techniques, systems, formulae, research,

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records, reports, manuals, documentation, models, data and data bases relating
thereto; (iv) inventions, innovations, improvements, developments, methods,
designs, analyses, drawings, reports and all similar or related information
(whether or not patentable); and (v) other information or thing that has
economic value, actual or potential, from not being generally known to or not
being readily ascertainable by proper means by other persons.  

(c)Not Confidential Information.  Confidential Information shall not include
information that Employee can demonstrate:  (i) is publicly known through no
wrongful act or breach of obligation of confidentiality; (ii) was rightfully
received by Employee from a third party without a breach of any obligation of
confidentiality by such third party; or (iii) was known to Employee on a
non-confidential basis prior to the Employee’s employment with Employer.

(d)Presumption of Confidentiality.  In any judicial proceeding, it will be
presumed that the Confidential Information constitutes protectable trade secrets
and Employee will bear the burden of proving that any Confidential Information
is publicly or rightfully known by Employee.  

(e)Return of Confidential Information and Materials.  Employee agrees to return
to Employer either before or immediately upon the termination of Employee’s
employment with Employer any and all information, materials or equipment which
constitutes, contains or in any way relates to the Confidential Information and
any other document, equipment or materials of any kind relating in any way to
the business of Employer in the possession, custody or control of Employee which
was obtained by Employee during the course of or as a result of Employee’s
employment with Employer whether confidential or not, including, but without
limitation, any copies thereof which may have been made by or for
Employee.  Employee shall also provide Employer, if requested to do so, the name
of the new employer of Employee and Employer shall have the right to advise any
subsequent employer of Employee’s obligations hereunder.

5.Inventions.  

(a)Ownership of Inventions.  Any and all developments, discoveries, inventions,
enhancements, modifications and improvements (collectively, “Inventions”)
created or developed by Employee alone or with others during the term of
Employee’s employment, whether or not during working hours and whether on
Employer’s premises or elsewhere, shall be deemed works for hire and will be the
sole and exclusive property of Employer if the Invention is:

(i)within the scope of Employee’s duties assigned or implied in accordance with
Employee’s position; or

(ii)a product, service, or other item which would be in competition with
Employer Products or which is related to Employer Products, whether presently
existing, under development, or under active consideration; or

(iii)in whole or in part, the result of Employee’s use of Employer’s resources,
including, without limitation, personnel, computers, equipment, facilities or
otherwise.

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(b)Assignment of Inventions.  Employee shall promptly and fully disclose all
Inventions to Employer and shall cooperate and perform all actions reasonably
requested by Employer to establish, confirm and protect Employer’s right, title
and interest in each such Invention.  During the term of Employee’s employment
with Employer and after termination of such employment, if Employer should then
so request, Employee agrees to assign and does hereby assign to Employer all
rights in the Inventions.  Employee agrees to execute and deliver to Employer
any instruments Employer deems necessary to vest in Employer the sole title to
and all exclusive rights in the Inventions.  Employee agrees to execute and
deliver to Employer all proper papers for use in applying for, obtaining,
maintaining, amending and enforcing any legal protections as Employer may
desire.  Employee further agrees to assist fully Employer or its nominees in the
preparation and prosecution of any litigation connected with the Inventions.  If
Employer is unable because of Employee’s mental or physical incapacity or for
any other reason (including, but without limitation, Employee’s refusal to do so
after request therefor is made by Employer) to secure Employee’s signature to
apply for or to pursue any application for any United States or foreign patents
or copyright registrations covering Inventions belonging to or assigned to
Employer pursuant to this Agreement, then Employee hereby irrevocably designates
and appoints Employer and its duly authorized officers and agents as Employee’s
agent and attorney-in-fact to act for and on Employee’s behalf and stead to
execute and file any such applications and to do all other lawfully permitted
acts to further the prosecution and issuance of patents or copyright
registrations thereon with the same legal force and effect as if executed by
Employee.

6.Non-Solicitation of Business Associates.  During the term of Employee’s
employment with the Employer and for a period of one (1) year after the date of
termination of the Employee’s employment hereunder for any reason (the
“Restricted Period”), Employee shall not directly or indirectly induce, solicit
or encourage any customer, supplier or other business associate of Employer or
an Affiliate to terminate or alter its relationship with Employer or Affiliate,
or introduce, offer or sell to or for any customer or business associate, any
products or services that compete with the Employer Products.

For purposes of this Agreement, “Employer Products” shall mean any products or
services:

(i)designed, manufactured, purchased, distributed, sold, assembled, provided
and/or marketed by Employer or its Affiliates; or

(ii)that Employer or its Affiliates has planned to design, manufacture,
purchase, distribute, sell, assemble, provide or market, and for which Employee
has provided services or over which Employee had direct or indirect managerial
or supervisory authority or about which Employee received Confidential
Information.

7.Non-Solicitation of Employees.  During the Restricted Period, Employee shall
not, directly or indirectly, induce, solicit or encourage any employee of
Employer or its Affiliates to terminate or alter his, her or its relationship
with Employer or its Affiliates.

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8.Termination.

(a)Termination by Employer Without Cause or by Employee for Good Reason. Except
when such termination is coincident with or within an eighteen (18) month period
following the occurrence of a Change in Control, if the employment of Employee
is terminated by Employer without Cause or by Employee for Good Reason, Employer
will pay no severance pay to Employee if Employee has less than four (4) months
of service with Employer at the date of termination.  If Employee has at least
four (4) months but less than three (3) years of service with Employer at the
date of termination, Employer agrees to pay Employee severance pay in an amount
equal to two (2) months of the salary which Employee is receiving at the time of
termination.  If Employee has at least three (3) years of service with Employer
at the date of termination, Employer agrees to pay Employee severance pay in an
amount equal to one (1) month of the monthly salary which Employee is receiving
at the time of termination for each year of service Employee has with Employer
at the date of termination, up to a maximum severance amount of nine (9) months
of monthly salary.  The severance pay will be paid to  Employee no later than
sixty (60) days after the date of termination, subject to the conditions of
Section 8(f).  The severance pay will not be considered compensation for the
purpose of any other fringe benefit program of  Employer.  No bonus or any other
fringe benefits will be due  Employee except for his/her accrued Paid Time Off
(PTO).  To the extent Employee elects to continue health insurance coverage
under COBRA, Employer will pay the premiums for such coverage for a period equal
to the months of severance actually earned up to nine (9) months under the terms
specified in Section 8(c)(i) below.  

(b)Termination By Employee without Good Reason.  Employee may terminate
employment hereunder without Good Reason upon ninety (90) days’ advance written
notice to Employer.  

(c)Termination after Change in Control. If the Employer terminates the
Employee’s employment without Cause or the Employee terminates the Employee’s
employment for Good Reason, and such termination is coincident with or within an
eighteen (18) month period following the occurrence of a Change in Control, the
Employer shall pay Employee severance pay in an amount equal to (a) 0.5,
multiplied by (b) the Employee’s Average Annual Base Salary, multiplied by (c)
each year of service Employee has with Employer at the date of termination, up
to a maximum amount of four (4) years of service; provided, however, in no case
shall the product of (a) multiplied by (b) multiplied by (c) be greater than two
(2) times the Employee’s Average Annual Base Salary.  For purposes of this
subparagraph "Average Annual Base Salary" shall be calculated as the Employee’s
Annual Base Pay for the preceding five (5) fiscal years of Employer divided by
five (5).  Should the Employee have less than five (5) fiscal years of service
with Employer at the date of termination, the Average Annual Base Salary shall
be calculated as the average of the Employee’s Annual Base Pay using the
applicable fiscal years of service with Employer.  The severance pay will be
paid to the Employee within the period specified in Section 8(c)(iii) below
after the expiration of any applicable revocation periods set forth in the
Release required under Section 8(e)(i) below.  This severance payment will not
be considered compensation for the purpose of any other fringe benefit plan of
Employer.

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(i)To the extent permitted by applicable law and Employer’s benefit plans,
Employer shall maintain Employee’s paid coverage for health insurance through
the payment of Employee’s COBRA premiums until the earlier to occur of:  (a) the
date  Employee is provided by another employer benefits substantially comparable
to the health insurance benefits provided by Employer (which Employee must
provide prompt notice with respect thereto to Employer), or (b) the expiration
of the COBRA Continuation Period.  During the applicable period of coverage
described in the foregoing sentence, Employee shall be entitled to benefits on
substantially the same basis as would have otherwise been provided had Employee
not been terminated and Employer will have no obligation to pay any benefits to
or premiums on behalf of Employee after such period ends.  To the extent that
such benefits are available under Employer’s benefit plans and Employee had such
coverage immediately prior to termination of employment, such continuation of
benefits for Employee shall also cover the Employee’s dependents for so long as
Employee is receiving such benefits under this Section 8(c)(i).  The COBRA
Continuation Period for health insurance under this Section 8(c)(i) shall be
deemed to run concurrent with the continuation period federally mandated by
COBRA (generally 18 months), or any other legally mandated and applicable
federal, state, or local coverage period for benefits provided to terminated
employees under the health care plan(s).

(ii)In addition, Employer shall pay Employee a lump sum cash payment of Ten
Thousand ($10,000.00) Dollars in order to cover expenses associated with seeking
another employment position.

(iii)All payments to be made pursuant to this Section 8(c) shall be made, in
lump sum, no later than sixty (60) days after the date of termination; provided,
however, that all benefits due under Section 8(c)(i) shall be provided as
specified thereunder.

(d)Adjustments to Payments.

(i)Anything in this Agreement to the contrary notwithstanding, in the event it
shall be determined that any payment or distribution by Employer to Employee or
for Employee’s benefit (whether paid or payable or distributed or distributable
pursuant to the terms of this Agreement or otherwise) (the “Payments”) would be
subject to the excise tax imposed by Section 4999 (or any successor provisions)
of the Internal Revenue Code of 1986, as amended (the “IRC”), or any interest or
penalty is incurred by Employee with respect to such excise tax (such excise
tax, together with any such interest and penalties, is hereinafter collectively
referred to as the “Excise Tax”), then the Payments shall be reduced (but not
below zero) if and to the extent that such reduction would result in Employee
retaining a larger amount, on an after-tax basis (taking into account federal,
state and local income taxes and the imposition of the Excise Tax), than if
Employee received all of the Payments.  Employer shall reduce or eliminate the
Payments, by first reducing or eliminating the portion of the Payments which are
not payable in cash and then by reducing or eliminating cash payments, in each
case in reverse order beginning with payments or benefits which are to be paid
the farthest in time from the determination.

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(ii)All determinations required to be made under this Section, including whether
and when an adjustment to any Payments is required and, if applicable, which
Payments are to be so adjusted, shall be made by an independent accounting firm
selected by Employer from among the four (4) largest accounting firms in the
United States or any nationally recognized financial planning and benefits
consulting company (the “Accounting Firm”) which shall provide detailed
supporting calculations both to Employer and to Employee within fifteen (15)
business days of the receipt of notice from Employee that there has been a
Payment, or such earlier time as is requested by Employer.  In the event that
the Accounting Firm is serving as accountant or auditor for the individual,
entity or group effecting the Change in Control, Employer shall appoint another
nationally recognized accounting firm to make the determinations required
hereunder (which accounting firm shall then be referred to as the Accounting
Firm hereunder). All fees and expenses of the Accounting Firm shall be borne
solely by Employer. If the Accounting Firm determines that no Excise Tax is
payable by Employee, it shall furnish Employee with a written opinion that
failure to report the Excise Tax on Employee’s applicable federal income tax
return would not result in the imposition of a negligence or similar penalty.
Any determination by the Accounting Firm shall be binding upon Employer and
Employee.

(e)Conditions to Receipt of Severance Benefits/Repayment of Severance
Benefits.  

(i)As an express condition precedent to receiving any severance benefits to
which Employee may otherwise be entitled under Sections 8(b) and 8(c) of this
Agreement (the “Severance Benefits”), Employee shall execute, deliver and not
revoke a release and waiver (the “Release”), of any claims to the fullest extent
then permissible at law, whether arising under Federal, state or local statute,
common law or otherwise, against Employer and its Affiliates.  Such Release
shall be in a form provided by Employer to be substantially in the form as
attached hereto as Exhibit 1, which Employer can alter and edit to reflect any
changes in the law and to enhance its enforceability.  Unless otherwise required
by applicable law, the Release must be executed by Employee within forty-five
(45) days of the date of termination; provided, however, in all cases, the
Release must become final, binding and irrevocable prior to the sixtieth (60th)
day following Employee’s date of termination.  If Employee fails or otherwise
refuses to execute a Release within the time specified herein, or revokes the
Release, Employee will not be entitled to any such Severance Benefits and
Employer shall have no further obligations with respect to the payment of the
Severance Benefits.  In addition, if following a termination of employment that
gives Employee a right to the payment of Severance Benefits, Employee engages in
any activities that would have violated any of the covenants in Sections 4, 5, 6
or 7 of this Agreement, Employee shall have no further right or claim to any
Severance Benefits from and after the date on which Employee engages in such
activities and Employer shall have no further obligations with respect to the
payment of the Severance Benefits.

(ii)If Employee violates any of Employee’s obligations set forth in Sections 4,
5, 6 or 7 of this Agreement, Employer after becoming aware of such violation may
provide written notice of such violation or breach to Employee and request
repayment of

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Severance Benefits.  Employee agrees that, in the event of such a violation,
within thirty (30) days after the date Employer provides notice to Employee,
Employee shall pay to Employer, in a form acceptable to Employer, a dollar
amount equal to any Severance Benefits paid to or on behalf of Employee pursuant
to this Agreement.  The parties agree that during the thirty (30) day period,
they will use their best efforts to resolve the issues.  Employee agrees that
failure to make such timely payment to Employer constitutes an independent and
material breach of the terms and conditions of this Agreement, for which
Employer may seek recovery of the unpaid amount as liquidated damages, in
addition to all other rights and remedies that Employer may have resulting from
Employee’s breach of the obligations set forth in Sections  4, 5, 6 or 7 of this
Agreement. Employee agrees that timely payment to Employer as set forth in this
Section 8(e)(ii) is reasonable and necessary because the compensatory damages
that will result from breaches of Sections 4, 5, 6 or 7 of this Agreement cannot
readily be ascertained.  Further, Employee agrees that timely payment to
Employer as set forth in this Section 8(e)(ii) is not a penalty, and it does not
preclude Employer from seeking all other remedies including injunctive relief
that may be available to Employer.

(f)Section 409A/Termination of Employment.  The provisions of this Agreement
will be administered, interpreted and construed in a manner intended to comply
with Section 409A of the IRC (“Section 409A”), the regulations issued thereunder
or any exception thereto (or disregarded to the extent such provision cannot be
so administered, interpreted, or construed).

(i)For purposes of the Agreement, Employee shall be considered to have
experienced a termination of employment only if Employee has terminated
employment with Employer and all of its controlled group members within the
meaning of Section 409A.  For purposes hereof, the determination of controlled
group members shall be made pursuant to the provisions of Sections 414(b) and
414(c) of the IRC; provided that the language “at least 50 percent” shall be
used instead of “at least 80 percent” in each place it appears in Section
1563(a)(1),(2) and (3) of the IRC and Treas. Reg. § 1.414(c)-2; provided,
further, where legitimate business reasons exist (within the meaning of Treas.
Reg. § 1.409A-1(h)(3)), the language “at least 20 percent” shall be used instead
of “at least 80 percent” in each place it appears.  Whether Employee’s
employment has been terminated shall be determined by all of the facts and
circumstances and in accordance with the guidance issued under Section 409A of
the IRC.  

(ii)For purposes of Section 409A, each severance benefit payment shall be
treated as a separate payment.  Each payment under this Agreement is intended to
be excepted from Section 409A to the maximum extent provided under Section 409A
as follows: (1) each payment that is scheduled to be made following Employee’s
termination date and within the applicable two and one-half (2½) month period
specified in Treas. Reg. § 1.409A-1(b)(4) is intended to be excepted under the
short-term deferral exception as specified in Treas. Reg. § 1.409A-1(b)(4); (2)
post-termination medical benefits are intended to be excepted under the medical
benefits exception as specified in Treas. Reg. § 1.409A-1(b)(9)(v)(B); and (3)
each payment that is not otherwise excepted under the short-term deferral
exception or medical benefits exception is intended to be excepted under the
involuntary pay exception as specified in Treas. Reg. §
1.409A-1(b)(9)(iii).  Employee shall have no right to designate the date of any
payment under this Agreement.

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(iii)With respect to payments subject to Section 409A (and not excepted
therefrom), if any, it is intended that each payment is paid on permissible
distribution event and at a specified time consistent with Section
409A.  Employer reserves the right to accelerate and/or defer any payment to the
extent permitted and consistent with Section 409A.  Notwithstanding any
provision of this Agreement to the contrary, to the extent that a payment
hereunder is subject to Section 409A (and not excepted therefrom) and payable on
account of a termination of employment, such payment shall be delayed for a
period of six months after the date of termination (or, if earlier, the death of
the Employee) if the Employee is a “specified employee” (as defined in Section
409A and determined in accordance with the procedures established by
Employer).  Any payment that would otherwise have been due or owing during such
six (6) month period will be paid immediately following the end of the six (6)
month period in the month following the month containing the six (6) month
anniversary of the date of termination.

(g)Definitions.  For purposes of this Agreement, the following definitions shall
have the following meanings:

(i)“Cause” shall mean a determination by Employer’s Board of Directors, in the
exercise of its reasonable judgment that any of the following has occurred:

(1)the willful and continued failure by Employee to perform Employee’s duties
and responsibilities with Employer under the Agreement (other than any such
failure resulting from incapacity due to physical or mental illness or
disability) which is not cured within thirty (30) days of receiving written
notice from Employer specifying in reasonable detail the duties and
responsibilities which Employer believes are not being adequately performed;

(2)the willful engaging by Employee in any act which is materially damaging to
Employer;

(3)the conviction of Employee of, or a plea of “guilty” or “no contest” to: (A)
any felony; or (B) a criminal offense involving fraud, dishonesty or other moral
turpitude;

(4)any material breach by Employee of the terms of the Agreement;

(5)the failure by Employee to maintain in good standing Employee’s license to
practice law in the Commonwealth of Pennsylvania and any other jurisdiction
where licensure is required to perform the services under this Agreement; or

(6)the engaging by Employee in any intentional act of dishonesty resulting or
intended to result, directly or indirectly, in personal gain to Employee at
Employer’s expense.

(ii)“Change in Control” shall be deemed to have occurred when:

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(1)Employer is merged or consolidated with another entity the result of which is
that immediately following such transaction (A) the persons who were the
shareholders of Employer immediately prior to such transaction have less than a
majority of the voting power of Employer or the entity owning or controlling
Employer; or (B) the individuals who comprised the Board of Directors of
Employer immediately prior to such transaction cease to be at least a majority
of the members of the Board of Directors of Employer or of the entity
controlling Employer, or

(2)a majority of Employer’s assets are sold or otherwise transferred to another
corporation not controlled by or under common control with Employer or to a
partnership, firm, entity or one or more individuals not so controlled, or

(3)a majority of the members of Employer’s Board of Directors consists of
persons who were not nominated for election as directors by or on behalf of
Employer’s Board of Directors or with the express concurrence of the Employer’s
Board of Directors, or

(4)a single person, or a group of persons acting in concert, obtains voting
control over a majority of Employer’s outstanding voting shares.

(iii)“Good Reason” means, without Employee’s express written consent:

(1)a material reduction of Employee’s employment responsibilities;

(2)a material reduction by the Employer of the Employee’s annual rate of base
salary;

(3)a material increase in the amount of Employee’s business travel which
produces a constructive relocation of Employee;

(4)a material reduction by the Employer in the kind or level of employee
benefits to which the Employee is entitled immediately prior to such reduction
with the result that the Employee’s overall benefits package is significantly
reduced; or

(5)the relocation of the Employee to a facility or a location more than thirty
(30) miles from Saxonburg, Pennsylvania, unless such relocation results in the
Employee’s primary work location being closer to the Employee’s then primary
residence or does not substantially increase the average commuting time of the
Employee.

In order for Employee to terminate for Good Reason: Employer must be notified by
Employee in writing within ninety (90) days of the event constituting Good
Reason; the event must remain uncorrected by Employer for thirty (30) days
following such notice (the “Notice Period”); and such termination must occur
within sixty (60) days after the expiration of the Notice Period.  

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9.Remedies.  

(a)Arbitration.  Except to the extent set forth in Section 9(b) below, any
dispute arising out of or relating to this Agreement or the breach, termination
or validity hereof shall be finally settled by arbitration conducted
expeditiously in accordance with the rules of the Commercial Rules of the
American Arbitration Association by one independent and impartial arbitrator
which shall be mutually agreeable to both parties.  If the parties are unable to
agree on one arbitrator, there shall be three independent and impartial
arbitrators and each party shall appoint one of such arbitrators, and the two
arbitrators so appointed shall appoint the third arbitrator.  The arbitration
shall be governed by the United States Arbitration Act, 9 U.S.C. §§ 1-16, and
judgment on the award rendered by the arbitrators may be entered by any court
having jurisdiction thereof.  The place of arbitration shall be Pittsburgh,
Pennsylvania.  The arbitrators are not empowered to award damages in excess of
economic and compensatory damages.  Each party shall bear its own costs of
arbitration, and the cost of the arbitrators shall be split equally between the
parties.

(b)Injunctive Relief.  It is agreed by the parties hereto that any violation by
Employee of any of the covenants contained in Sections 4, 5, 6 or 7 herein would
cause immediate, material and irreparable harm to Employer and/or its Affiliates
which may not be adequately compensated for by money damages and, therefore,
Employer and/or its Affiliates shall be entitled to injunctive relief
(including, without limitation, one or more preliminary injunctions and/or ex
parte restraining orders) in addition to, and not in derogation of, any other
remedies provided by law, in equity or otherwise for such a violation including,
but not limited to, the right to have such covenants specifically enforced by
any court of competent jurisdiction and the right to require Employee to account
for and pay over to Employer and/or its Affiliates all benefits derived or
received by Employee as a result of any such breach of covenant together with
interest thereon, from the date of such initial violation until such sums are
received by Employer and/or its Affiliates.  The Restricted Period set forth
herein shall be extended by any period of time in which Employee is in breach of
the covenants contained in Sections 4, 5, 6 or 7 of this Agreement and for any
period of time which may be necessary to secure an order of court or injunction,
either temporary or permanent, to enforce any of the covenants contained in
Sections 4, 5, 6 or 7 of this Agreement.

(c)Employee Acknowledgment.  Employee acknowledges and agrees that the periods
of restriction and geographical areas of restriction imposed by the
confidentiality and non-competition covenants of this Agreement are fair and
reasonably required for the protection of Employer and its Affiliates.

10.Severability.  The provisions of this Agreement will be severable, and if any
portion of this Agreement is held to be unlawful or unenforceable, the same will
not affect any other portion of this Agreement, and the remaining terms and
conditions or portions thereof will remain in effect.  In furtherance and not in
limitation of the foregoing, should any durational or geographical restriction
or restriction on business activities covered under this Agreement be found by
any court of competent jurisdiction to be overly broad, Employee and Employer
intend that such court will enforce this Agreement in any less broad manner the
court may find appropriate by construing such overly broad provisions to cover
only that duration, extent or activity which may be enforceable, and the parties
expressly permit the court delete provisions and reform any provisions of this
Agreement to achieve this stated intention of the parties.  The parties
acknowledge the uncertainty of the law in this respect and expressly agree that
this Agreement be given the construction that renders its provisions valid and
enforceable to the maximum extent permitted by law.

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11.Disparaging Statements. Both parties agree not to make any disparaging
statements that reflect negatively on the reputation or good name of the other.

12.Entire Agreement; Amendments; No Waiver.  This Agreement supersedes any and
all other agreements, either oral or in writing, between the parties hereto with
respect to the employment of Employee by Employer and contains all of the
covenants and agreements between the parties with respect to such employment in
any manner whatsoever, provided that this Agreement does not supersede, replace
or modify in any respect any indemnification agreement between Employer and
Employee.   No alterations, amendments, changes or additions to this Agreement
will be binding upon either Employer or Employee unless in writing and signed by
both parties.  No waiver of any right arising under this Agreement made by
either party will be valid unless set forth in writing signed by both
parties.  Notwithstanding the foregoing or any provision of this Agreement to
the contrary, Employer may at any time (after consultation with Employee)
modify, amend or terminate any or all of the provisions of this Agreement or
take any other action, to the extent necessary or advisable to conform the
provisions of this Agreement or the benefits provided thereunder with Section
409A of the Code, the regulations issued thereunder or an exception thereto.

13.Governing Law.  This Agreement shall be governed by and construed in
accordance with the laws of the Commonwealth of Pennsylvania, without reference
to its conflict of laws provisions.

14.Employee’s Representations.  Employee warrants and represents that Employee
has provided Employer with copies of all agreements with previous employers that
may still be applicable and that Employee’s performance under this Agreement
will not violate any agreement to which Employee is a party and that Employee
will not bring any materials which are proprietary to a third party to Employer
without the prior written consent of such third party.

15.Binding Effect.  This Agreement is binding upon the parties hereto and on
their respective heirs, personal representatives, successors and
assigns.  Employee agrees that the obligations contained in Sections 4, 5, 6 or
7 of this Agreement will survive the termination of this Agreement.

16.Assignment.  Employee’s rights and obligations under this Agreement shall not
be transferable by Employee, by assignment or otherwise, and any purported
assignment, transfer or delegation thereof by Employee shall be void.  Employer
may assign/delegate all or any portion of this Agreement whereupon Employee
shall continue to be bound hereby with respect to such assignee/delegatee,
without prior notice to Employee and without need of Employee’s consent
thereto.  In addition to and without limiting the Employer’s right to assign,
transfer, or convey this Agreement or any portion of it, Employee recognizes
that Employer may assign the Employee temporarily or permanently to one or more
Affiliates of Employer.  In such event, all of Employee’s duties under this
Agreement shall apply with equal force to the Affiliate(s), and the Affiliate(s)
shall be empowered to stand in the shoes of the Employer for purposes of
enforcing this Agreement.

17.Counterparts.  This Agreement may be executed in multiple counterparts, each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

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IN WITNESS WHEREOF, the parties hereto intending to be legally bound have set
their hands and seals the day and year first above written.

 

ATTEST:

 

II-VI INCORPORATED

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ David G. Wagner

 

 

 

 

David G. Wagner

 

 

 

 

 

WITNESS:

 

EMPLOYEE:

 

 

 

 

 

 

 

 

 

/s/ Jo Anne Schwendinger

 

 

Jo Anne Schwendinger

 

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Exhibit 1

 

[Form of Release]

 

AGREEMENT AND GENERAL RELEASE

 

THIS AGREEMENT ("Agreement") dated as of the ______ day of ___________, 20____,

 

BY AND BETWEEN

 

II-VI INCORPORATED,

a Pennsylvania corporation ("Employer")

 

AND

 

_______________________________, an individual, ("Employee")

 

W I T N E S E T H:

 

WHEREAS, Employee has been employed by Employer as a _____________;

WHEREAS, effective as of ___________, 20__ (the “Separation Date”), Employee's
position with Employer has been terminated; and

WHEREAS, the parties desire to meet and conclude certain aspects of the
employment relationship.

NOW, THEREFORE, in consideration of the mutual covenants herein contained and
intending to be legally bound hereby, the parties hereto for themselves and
their respective heirs, personal representatives, successors and assigns, hereby
agree as follows:

1.Releases.

(a)Employee, for Employee and Employee’s heirs, administrators, and assigns,
irrevocably and unconditionally generally releases and forever discharges any
causes of action or claims, known or unknown (including, but not limited to,
claims for attorneys’ fees, expenses and/or costs) that Employee has or may have
against (a) Employer, (b) its or their past or present parents, affiliates or
subsidiaries and/or any of their predecessors or successors and (c) the current
and former directors, owners, administrators, shareholders, managers, agents,
and officers of Employer (collectively referred to as "Company”) and expressly
waives and releases Company from any and all claims, grievances, actions and
causes of action, at law or in equity, contract or tort, including negligence,
or any other cause or claim that has or may have or could be brought before any
federal, state, local or municipal court directly or indirectly relating to or
connected with Employee's employment with Company, Employee’s termination from
employment with Company, or the facts, circumstances, actions or inactions
arising out of or relating to any aspect of Company's treatment of Employee
until the date of this  Agreement.  Without limitation of the foregoing general
terms, this  release includes, but is not limited to,

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claims (including for costs and attorneys’ fees) arising from any alleged
violation of any federal, state or local statutes, ordinances, executive orders,
or common law principles relating to tort law, education, employment, the
payment of wages and benefits, educational benefits, training, or any other
claims relating to or arising from, in connection with or during Employee’s
employment and/or affiliation with Company, including but not limited to, claims
arising under the Civil Rights Act of 1964 as amended, including Title IX, 20
U.S.C. § 1687, Title VI, 42 U.S.C. § 2000(d), and Title VII of the Civil Rights
Act, as amended, the Americans with Disabilities Act, as amended, the
Rehabilitation Act of 1973, the Civil Rights Acts of 1866 and 1871, the Civil
Rights Act of 1991, the Employment Retirement Income Security Act (ERISA), the
National Labor Relations Act, the Worker Adjustment and Retraining Notification
Act, the Age Discrimination in Employment Act, as amended (ADEA), the
Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), the Equal Pay
Act of 1963, the Immigration and Nationality Act, the Older Workers Benefit
Protection Act, the Family and Medical leave Act (FMLA), the Pennsylvania Human
Relations Act, the Pennsylvania Prevailing Wage Act, the Pennsylvania Minimum
Wage Act of 1968, the Pennsylvania Human Relations Act, the Pennsylvania Wage
Payment and Collection Law, whistle-blower, and any and all common law claims,
including but not limited to, all other forms of employment discrimination,
wrongful termination, retaliatory discharge, breach of express, implied, or oral
contact, interference with contractual relations, commission of tort, fraud,
defamation, and slander based on any act, transaction, circumstance or event
contemporaneous with, or prior to, the date of this  Agreement.  This release
also expressly includes any pension or benefit plans of Company and/or the past
or present officers, directors, trustees, administrators, agents and employees
of Company or of any Company benefit plan, for any actions up to and including
the date hereof and the continuing efforts thereof, except for the performance
of the provisions of this Agreement and except for the payment of any vested
pension benefits to which Employee may be entitled, if any, under the express
provisions of the Company pension plan, subject to ERISA's vesting
requirements.  It is the intention of Employee to effect a general release of
all actual and potential claims as of the date of this Agreement.  Provided,
however, that nothing contained in this Agreement shall prevent Employee from
challenging the validity and legality of the release under the ADEA.

(b)Employee agrees that Employee will not initiate or cause to have initiated or
be a party to any legal action against Employer, except to the extent necessary
to enforce any remaining aspect of the Agreement or as specifically excluded in
this Paragraph 1(b) or in Paragraph 1(a) above.  In the event that Employee
brings or causes to bring any action against Company that Employee has agreed in
the preceding sentence not to bring or should Company prevail in any claim of a
breach of this Agreement, Employee will indemnify and hold the Company harmless
from and against all costs incurred in connection with defense or prosecution of
the legal action, including attorneys' fees.  Company will be entitled to all
damages available at law or equity in addition to its costs of defending or
prosecuting such action.  The Employee’s right to file a charge of
discrimination with the Equal Employment Opportunity Commission or similar
agency and Employee’s right to challenge the validity and legality of the
release in paragraph 1(a) under the ADEA are expressly excluded from the
Employee’s promise not to bring any legal action against the Company.  However,
if any charge, complaint, lawsuit or administrative claim is filed by or in the
name of Employee or on Employee’s behalf with the Equal Employment Opportunity
Commission, the Pennsylvania Human Relations Commission, or any other similar
administrative agency or organization, or in any other forum, against any of

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the persons or entities released in this Agreement, based upon any act or event
which occurred on or before the date Employee signed this Agreement, Employee
will not seek or accept any personal relief, including but not limited to any
award of monetary damages or reinstatement to Employee’s employment with
Employer.  (Provided, however, that this  provision shall not apply to a claim
for damages under the ADEA in the event that the Agreement is declared invalid
with respect to the waiver of all ADEA claims.  If successful on such a claim,
however, any monetary damages obtained by Employee shall be offset by the monies
paid under the Agreement, together with all allowable interest thereon.)

(c)As of the date of execution of this Agreement, the Employee represents and
warrants that Employee knows of no work-related injury, illness, or condition
sustained during Employee’s employment with Employer.  As of the date of
execution of this  Agreement, Employee further represents and warrants that
Employee knows of no condition or event that would entitle him to benefits under
the FMLA.  

(d)As of the Separation Date, Employee has ___________ (____) earned and unused
vacation days, having a gross value of ________________________
($________).  This  amount, from which all required taxes and withholdings shall
be deducted, shall be paid in the Employee’s final paycheck as an active
employee.  Employee acknowledges that with the payments set forth in this
Paragraph 1(e), the Employer shall have paid him in full.  The Employee also
represents that Employee knows of no claim that would entitle him to relief
under the Fair Labor Standards Act.

(e)Employee agrees that the lump sum payment set forth in Section 2(a) above
exceeds any amounts Employee is entitled to receive and shall be sufficient
consideration for all of the Employee’s agreements, obligations, covenants, and
releases contained in this Agreement.  Employee further agrees that the Employer
has no plan or practice of paying severance.  

(f)[Equity to be addressed in conformity with Employment Agreement and other
applicable agreements and plans.  Or the fact that Employee holds no equity
arising out of or relating to his/her employment with Employer that are vested
or exercisable is expressly noted.]

(g)Effective _____________, neither party shall be required to perform under any
agreement related or ancillary to Employee’s employment with Employer,
including, without limitation, __________, except as expressly set forth in this
Agreement.  Employee shall cease to perform any duties for the Employer, and
shall cease to represent that Employee is a current employee of Employer,
effective _________________.  [Blanks are intended to address any transition
matters that might be required, if any.]

2.Wage Payments, Severance Payments and Benefits.  

In consideration of the representations and covenants of Employee contained in
this Agreement, Employer agrees to do the following:

(a)[Insert applicable severance payments from Section 8 of Employment Agreement]

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(b)[Address any severance or other payment issues, if any, created by contract,
applicable law]

(c)Employer agrees not to contest Employee's application for unemployment
compensation unless (i) Employee becomes employed; or (ii) the Employee provides
inaccurate information in Employee’s application for benefits.  The parties
agree that the reason for Employee’s unemployment for purposes of seeking
unemployment compensation benefits shall be “elimination of position.”

(d)Nothing contained in this  Agreement or the payments and benefits
contemplated in it shall be interpreted to be inconsistent with the fact that
Employee’s employment with Employer was terminated for all purposes on the
Separation Date.  Employee further acknowledges that the payments set forth in
Paragraph 2 do not constitute any type of admission by Employer.

3.Returning Company's Property and Maintaining Confidentiality.

Employee agrees to return all Company property and confidential and proprietary
information which may be in Employee’s possession including, but not limited to
supplier lists, proprietary, confidential or secret information, customer lists,
customer file information, product information and data, financial matters,
competitive status, organizational matters, technical capabilities, marketing
and distribution plans, customer or supplier data, strategies, processes, books,
computer hardware, software, diskettes, notes, reports, work products, and any
other information prepared for Employer by him or at Employee’s or Employer's
direction (collectively, “confidential and proprietary information”).  Employee
shall also delete all confidential and proprietary information from any personal
electronic files, including, without limitation, information or files maintained
in any personal computer, PDA, blackberry or other electronic device.  Such
deletions shall be done in a manner that will not allow them to be recovered or
duplicated.  All such property shall be returned and deletions made by the
Effective Date. Employee further agrees not to use or apply confidential and
proprietary information for Employee’s own advantage or for the benefit of any
person or entity except Employer and its affiliates and agrees not to disclose,
divulge or disseminate confidential and proprietary information or any other
customer or product information to anyone not affiliated with Employer, except
with the prior written consent of Employer.  Employee also agrees to provide
Employer with all passwords that Employee uses in connection with Employee’s
employment to allow Employer to have access to all information to which Employee
has access and to comply with all exit routines, including check lists, that the
Employer normally uses in connection with terminations from employment.

4.Opportunity to Review and Revoke.

Employee acknowledges that this Agreement contains a complete waiver and release
of claims of age discrimination under, among other statutes, the ADEA and that
Company offered Employee a period of at least twenty-one (21) days within which
to consider this Agreement.  Employee acknowledges that 21 days is a reasonable
period of time to review this Agreement, but that Employee may voluntarily elect
to sign this Agreement earlier.  Employee further acknowledges that Employee has
been advised and has had a full and fair opportunity to consult

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with an attorney of Employee’s choosing.  Within a period of seven (7) days
following the execution of this Agreement, Employee may revoke this Agreement by
delivery (in person or by certified mail) of a written notice revoking the same,
to David G. Wagner, Vice President, Human Resources, II-VI Incorporated, 375
Saxonburg Boulevard, Saxonburg, PA 16056.  The notice must be received within
the said seven (7) day period.  This Agreement shall not become effective or
enforceable until that date on which the seven-day revocation period has expired
without a revocation of this Agreement (the “Effective Date”).  Employee fully
understands the terms and significance of this Agreement including the release
contained within it, and Employee particularly understands that Employee is
waiving and releasing any and all claims against the Company.  

5.Continuation of Restrictive Covenants.

Employee acknowledges and agrees that during Employee’s tenure at Employer,
Employee has been entrusted with confidential and proprietary information
relating to Company, its products, business, and marketing and strategic
plans.  During and solely as a result of Employee’s employment with Employer,
Employee has also developed close relationships with Company’s employees,
consultants, customers and suppliers and has generally become strongly
identified with Employer in the marketplace.  In recognition of Company’s
legitimate interest in protecting, inter alia, its confidential and proprietary
information and business relationships, Employee agrees that Sections 4, 5, 6,
and 7 of the Employment Agreement dated ____ remain in full force and
effect.  [Note:  Need to conform paragraph references to final version of
Employment Agreement and to any version of Confidentiality/Non-Compete Agreement
that Employee executes.]  Employee agrees that to the extent that additional
consideration is required, the payments and benefits Employee shall receive
under Paragraphs 2 of this Agreement are full and adequate consideration for the
continued enforcement of the promises contained therein.  Employee further
agrees that all provisions of the Confidentiality/Non-Compete Agreement,
including its restrictions upon competition, are fully enforceable
notwithstanding and regardless of the circumstances of Employee's departure from
Employer's employment.

6.Inventions and Intellectual Property.

As of the date of execution of this Agreement, Employee has disclosed to
Employer any and all developments, discoveries, inventions, enhancements,
modifications and improvements ("Inventions") created or developed by Employee
alone or with others during the term of Employee’s employment, whether or not
during working hours and whether on the Employer's premises or
elsewhere.  Employee further agrees that Employee  will reduce such disclosure
to a detailed writing upon request by Employer.  Employee agrees to assign and
does hereby assign to Employer all rights in the Inventions.  Employee agrees to
execute and deliver to Employer any instruments Employer deems necessary to vest
in Employer the sole title to and all exclusive rights in the
Inventions.  Employee agrees to execute and deliver to Employer all proper
papers for use in applying for, obtaining, maintaining, amending and enforcing
any legal protections as the Employer may desire.  Employee further agrees to
assist fully the Employer or its nominees in the preparation and prosecution of
any litigation connected with the Inventions.  If Employer is unable because of
Employee's mental or physical incapacity or for any other reason (including, but
without limitation, Employee's refusal to do so after request therefor is made
by Employer) to secure

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Employee's signature to apply for or to pursue any application for any United
States or foreign patents or copyright registrations covering Inventions
belonging to or assigned to Employer pursuant to the Agreement, then Employee
hereby irrevocably designates and appoints Employer and its duly authorized
officers and agents as Employee's agent and attorney-in-fact to act for and in
Employee's behalf and stead to execute and file any such applications and to do
all other lawfully permitted acts to further the prosecution and issuance of
patents or copyright registrations thereon with the same legal force and effect
as if executed by Employee.  Employee's obligations and covenants in this
Paragraph will be binding upon Employee's heirs, legal representatives,
successors and assigns. Employee represents that Employee is not the owner of
any patents.  Any patent, patent pending, copyright, trademark, trade name,
invention, writing, drawing and the like which has been previously made by or
conceived by Employee or which occurred under Employee management in connection
with Employee’s prior employment is believed to be the property of the prior
employer and/or its assigns and is not owned by Employee.

7.Non-Disclosure.

Employee agrees to keep confidential and not discuss, disclose, or reveal,
directly or indirectly, the terms of this Agreement to any person, corporation,
or entity with the exception of the members of Employee’s immediate family, any
person from whom Employee legitimately seeks financial or tax advice, and/or any
person consulted by Employee prior to Employee signing this Agreement to
understand the interpretation, application, or legal effect of this Agreement,
who (prior to disclosure to them) shall likewise agree to maintain the
confidentiality of this Agreement.  It shall be deemed a material breach of this
Agreement for Employee to disclose or reveal the existence of this Agreement or
any of the terms hereof to anyone in violation of the confidentiality provisions
of this Agreement.  

8.Non-Disparagement.

Outside of Employee’s immediate family and Employee’s legal counsel, Employee
shall not make any negative comment, written or oral, concerning Company to
anyone including, without limitation, current, former, or potential suppliers or
customers of Company.  Should any person seek a reference for or inquire about
Employee from Employer, any and all such inquiries and references shall be
directed to David G. Wagner, Vice President, Human Resources, who shall be the
sole and exclusive person permitted to respond.  The only reference that shall
be given shall be in the form of confirming dates of employment and last title
and salary level.    

9.Miscellaneous.

(a)There are no understandings between the parties regarding this  Agreement
other than as specifically set forth herein and there have been no promises,
inducements or commitments made to or by Employer in conjunction with
this  Agreement that are not explicitly set forth herein.

(b)This Agreement may be executed in counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same
instrument.  

(c)This Agreement supersedes any and all other agreements, either oral or in
writing, between the parties hereto with respect to the employment of Employee
by Employer

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and the termination of such employment and contains all of the covenants and
agreements between the parties with respect to such employment and the
termination thereof.  No alterations, amendments, changes or additions to this
Agreement will be binding upon either Employer or Employee unless reduced to
writing and signed by both parties.  No waiver of any right arising under this
Agreement made by either party will be valid unless given in writing and signed
by both parties.

(d)This Agreement is binding upon the parties hereto and their respective heirs,
personal representatives, successors, affiliates and assigns.

(e)By Employee’s execution of this Agreement, Employee expressly understands,
covenants and agrees that Employee will not apply for or seek in any way to be
employed, hired, recalled or reinstated by the Company now or in the future; and
Employee covenants and agrees that Company will not ever be obligated to employ
or reemploy him or engage Employee’s services.  

(f)The provisions, including individual terms and phrases, of this Agreement are
severable.  Any provision of this Agreement or portion thereof which is held to
be prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability, without invalidating the remaining portion of any such
provision or this Agreement as a whole, and without affecting the validity or
enforceability of such provision in any other jurisdiction.

(g)All parties represent and warrant that each is fully capable of performing
all obligations required under this Agreement and has not assigned or otherwise
alienated any right or obligation that in any manner would reduce or undermine
the full implementation and effect of this  Agreement.  

10.Right to Seek Counsel of Attorney.

EMPLOYEE ACKNOWLEDGES THAT EMPLOYEE HAS FULLY READ AND FULLY UNDERSTOOD THIS
AGREEMENT; THAT EMPLOYEE ENTERED INTO IT FREELY AND VOLUNTARILY AND WITHOUT
COERCION OR PROMISES NOT CONTAINED IN THIS AGREEMENT; THAT EMPLOYEE WAS GIVEN
THE OPPORTUNITY TO REVIEW THIS AGREEMENT WITH LEGAL COUNSEL OF EMPLOYEE’S CHOICE
BEFORE SIGNING IT, AND THAT EMPLOYEE WAS  ENCOURAGED AND ADVISED IN WRITING TO
CONSULT WITH AN ATTORNEY PRIOR TO SIGNING IT.

IN WITNESS WHEREOF, the parties hereto intending to be legally bound have set
their hands and seals on this date, ______________, 20___.

 

 

 

II-VI INCORPORATED

 

 

 

 

 

 

 

By:

 

 

 

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