Exhibit 10.22

                                  June 24, 2005

Mr. Albert Thorp, III

Dear Al:

Following our discussion on Thursday,  June 16th and your June 20th confirmation
of the terms and conditions  offered by the company,  this Separation  Agreement
confirms all the terms and conditions set forth by the company.  This Separation
Agreement  responds to your decision to resign voluntarily from your position as
President,  AMI DODUCO.  Your decision was communicated to James M. Papada, III,
Chairman and CEO of Technitrol on Friday, June 3, 2005.

These terms and conditions will be in effect for your Separation  Agreement with
the company:

      1.    Transition Work

Although  you  indicated  in your letter of  resignation  to be available to Mr.
Papada  for a  transition  period  (up  to a  maximum  of  10  days  after  your
resignation  or until June 17,  2005),  the company has not needed your services
during that time  period.  Also,  the company  will not ask you to complete  any
transition work in the future.

      2.    Separation and Vacation Payments

Technitrol  agrees to pay you in a lump sum amount of three (3) months pay equal
to $70,000 ("Separation Amount"). This payment, net of your normal and customary
deductions,  will be made as a direct  deposit  on July 8, 2005.  Also,  you are
eligible to receive compensation for earned, but unused,  vacation days equal to
104 hours or 13 days. Your vacation pay equals  $13,925.60.  The amount,  net of
deductions, will be made as a direct deposit on July 8, 2005.

      3.    Benefits

This  paragraph  will  cover  your COBRA  benefits,  RSP award and  Pension/SERP
benefits:

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      3.1   Benefits

Your healthcare benefits will end effective July 31, 2005. You may continue your
medical,  dental and vision  benefits for 18 months,  using the COBRA option.  A
letter  regarding  your COBRA  rights will be sent under  separate  cover.  Your
eligibility rights to participate in the 401(k) Plan ended on June 17, 2005.

      3.2   RSP Awards

Your RSP account  balance totals 9,075 shares which were awarded to you in 2002,
2003 and 2004. As of the NYSE close on Friday, June 17, 2005,  Technitrol closed
at $15.03 and therefore your shares had a value of $136,975.25. The company will
vest at 100% all of your RSP shares;  and will  advise  Registrar  and  Transfer
(R&T), our transfer agent, to issue you a separate stock certificates for 2,750,
2,125 and 4,200 shares of Technitrol,  for your  respective  2002, 2003 and 2004
awards.  The certificate for 2003 and 2004 will contain a legend indicating they
are  "Restricted  Stock" and as such must be sold in  compliance  with Rule 144.
Prior to  selling  any  shares,  you  should  consult  an  attorney  about  your
obligations under Federal and State securities laws. The company has a policy of
not  giving  advice  to  executives  or  Directors  about  sale or  purchase  of
Technitrol  stock.  These matters are best handled by you, in consultation  with
your legal advisor.

      3.3   Pension/SERP Benefits

Consistent  with the plan  provisions of the company's  Defined  Benefit Pension
Plan and its SERP, you have earned a vested  benefit.  Our normal practice is to
ask Mercer Human  Resource  Consulting,  our pension  advisor,  to calculate the
value of your vested benefit under the Pension Plan and the SERP. We will follow
that practice and send you Mercer's pension  calculation.  Given your many years
of  continuous  service with  Technitrol/AMI  DODUCO,  the value of your pension
benefit  will be more than $7,000.  Therefore,  the company will not make a lump
sum pension payment. For the year 2005, you have earned a pension service credit
of .6. The Mercer report will be sent to you by July 15, 2005.

The Separation Amount defined in paragraph #2 above and 100% vesting of your RSP
shares are  financial  benefits  normally not offered to an employee who resigns
and the Company is under no  obligation  to provide such  financial  benefits to
you. In exchange for such financial benefits,  the company is seeking a full and
complete  release  (please  refer to  paragraph  #7 for the  release  terms)  in
exchange for these benefits.

      4.    Confidentiality - Technitrol Business and Operational Issues

You  will not  directly  disclose  or  indirectly  disclose  or use for your own
benefit or anyone else's benefit any  confidential  or  proprietary  information
about Technitrol,  or any of its affiliated companies including, but not limited
to, business  plans,  customer lists and  information,  quotes,  prices,  costs,
processes,   technical   information,   operational   priorities  or  any  other
proprietary  and  confidential  information  that you learned or observed during
your employment. This obligation


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<PAGE>

shall survive the termination or expiration of this  Agreement,  but the company
agrees to terminate the CONFIDENTIALITY provision on June 2, 2008.

      5.    Confidentiality of this Agreement

You  agree  that  the  terms  and  conditions  of this  Agreement  shall  remain
completely  confidential  and  that  you  will  not at  any  time  disclose  any
information  concerning  this  Agreement to any person,  except as  specifically
permitted in this  paragraph.  The terms and conditions of this Agreement may be
disclosed by you as follows:

            (a)   to  your  attorneys,   accountants,   insurance  carriers  and
                  adjusters and tax and other professional  advisors, who have a
                  reasonable need to know, and

            (b)   to your  immediate  family or  otherwise as may be required by
                  law (and you  receive  an  opinion  from an  attorney  to that
                  effect);

provided that the individuals to whom information  about this Agreement has been
disclosed  also assure you  that they will keep the terms and conditions of this
Agreement  confidential.   This  obligation  will  survive  the  termination  or
expiration of this Agreement.

The company will be bound too by the confidentiality of this Agreement.

      6.    Return of Property

You have already returned to Technitrol (c/o David Lacey and Maryellen McKenna)
any property of Technitrol in your possession including, but not limited to:
customer information, business plans, mergers and acquisition targets and due
diligence information, new product data, all company authorized credit cards,
access keys, laptop and cell phone. Also, you have returned your leased company
car to the Audi dealership. All of these actions have fulfilled your obligation
for Return of Property.

      7.    Release of Technitrol

            (a)   In  consideration  for the above, and all of the terms of this
                  Agreement,  you,  Albert  Thorp,  for  yourself,  your agents,
                  representatives,  heirs, executors, administrators,  partners,
                  insurers,   successors,   and   assigns,   and  all   persons,
                  corporations  and other  entities  connected  therewith  which
                  might  claim by,  through or under them or any of them (all of
                  whom are hereinafter individually and collectively referred to
                  in this paragraph as "Releasors"),  do hereby release,  remise
                  and forever discharge Technitrol,  their respective direct and
                  indirect  subsidiaries,   affiliates,   investors,   insurers,
                  successors,  assigns  and  each  of  their  agents,  servants,
                  shareholders,   employees,   officers,  directors,   trustees,
                  representatives   and  attorneys  and  each  of  their  heirs,
                  successors,  executors  and  administrators  (all of whom  are
                  hereinafter  individually and collectively referred to in this
                  paragraph  as  "releasees")  of and from  any and all  claims,
                  demands, causes of action,


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<PAGE>

                  actions,  rights,  damages,  judgments,  costs,  compensation,
                  suits, debts, dues, accounts,  bonds,  covenants,  agreements,
                  expenses,   attorneys'  fees,  damages,  penalties,   punitive
                  damages and liability of any nature  whatsoever,  in law or in
                  equity or otherwise, which Releasors have had, now have, shall
                  or may have in the future, whether known or unknown,  foreseen
                  or  unforeseen,  suspected  or  unsuspected,  by reason of any
                  cause, matter or thing whatsoever, including those relating to
                  your employment  with Technitrol and resulting  termination of
                  that employment. Notwithstanding the release set forth in this
                  paragraph   7,   you,   do  not   release   any   claims   for
                  indemnification  you may have pursuant to the  indemnification
                  provisions contained in Technitrol's Articles of Incorporation
                  by/or By-Laws, or any claim under this letter agreement.

            (b)   This paragraph and its  sub-paragraphs  are intended to comply
                  with Section 201 of the Older Workers' Benefits Act of 1990.

                  (i)   By the  release  set  forth  in this  paragraph  7,  you
                        acknowledge that you are giving up all claims related to
                        your  employment  with Technitrol and the termination of
                        that  employment,  including  but not limited to, claims
                        for breach of  contract or implied  contract,  wrongful,
                        retaliatory  or  constructive   discharge,   negligence,
                        misrepresentation,    fraud,    detrimental    reliance,
                        promissory  estoppel,  defamation,  invasion of privacy,
                        impairment  of  economic  opportunity,   intentional  or
                        negligent inflection of emotional distress,  any and all
                        other torts,  and claims for attorney's fees, as well as
                        the following statutory claims described below.

                  (ii)  You further  acknowledge  that various state and federal
                        laws prohibit discrimination based on age, gender, race,
                        color, national origin,  religion,  handicap or veterans
                        status.  These include Title VII of the Civil Rights Act
                        of 1964, 42 U.S.C. 2000 et seq. and the Civil Rights Act
                        of  1991  (relating  to  gender,  national  origin,  and
                        certain  other  kinds  of job  discrimination);  the Age
                        Discrimination in Employment Act, 29 Benefit  Protection
                        Act, 29 U.S.C. 626, the  Rehabilitation Act of 1973, the
                        Civil Rights Act of 1966 and 1871,  the  Americans  with
                        Disabilities  Act and the  Pennsylvania  Human Relations
                        Act. You also understand and acknowledge  that there are
                        various  federal and state laws  governing wage and hour
                        issues,  including  but not  limited  to the Fair  Labor
                        Standards Act,  Pennsylvania  wage and hour laws and the
                        Equal Pay Act of 1963  (relating  to all the above forms
                        of job  discrimination).  You  acknowledge  that you are
                        giving  up any  claims  you may have  under any of these
                        statutes and under any other federal, state or municipal
                        statute,   ordinance,   executive  order  or  regulation
                        relating to discrimination in employment,  wage and hour
                        issues,  or in any way  pertaining  to  your  employment
                        relationship with Technitrol.


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<PAGE>

                        You understand and acknowledge that this release applies
                        to all such  employment-related  claims,  which you have
                        had, now have or shall or may have in the future.

                  (iii) You hereby certify that  Technitrol has advised you have
                        at  least  21  days  (a) to  consider  and  review  this
                        Agreement and its consequences  with an attorney of your
                        choosing,  and  (b) if you  accept  the  terms  of  this
                        Agreement,  to forward an executed copy to Technitrol in
                        accordance  with  paragraph  10 of this  Agreement.  The
                        offer  contained  in this letter may only be executed in
                        whole and not in part; if you do not execute and deliver
                        this  Agreement to  Technitrol  by July 7, 2005 then the
                        offer  set   forth  in  the  body  of  this   letter  is
                        automatically  and without further notice to you revoked
                        and it will be of no further force or effect whatsoever.

                  (iv)  You also  acknowledge  that you have seven (7) days from
                        the  execution of this  Agreement  to advise  Technitrol
                        that you are revoking  this  Agreement,  and  understand
                        that if you have not revoked  this  Agreement by the end
                        of  the  seventh-day  period,  this  Agreement  will  be
                        effective  and in full force.  You  understand  that any
                        revocation  you  make  shall  be  in  writing,  sent  by
                        facsimile,   hand   delivery  or  overnight   mail,   to
                        Technitrol  in  accordance  with  paragraph  10 of  this
                        Agreement.

      8.    Acknowledgement

You  acknowledge  that you have been given a reasonable  opportunity  to discuss
this  Agreement  with an  attorney  or  advisor  of your  choice;  that you have
carefully read and fully understand all of the provisions of this Agreement; and
that you are entering into this Agreement knowingly, voluntarily and of your own
free will, and intending to be legally bound.

If you choose to accept the offer contained,  and under the terms and conditions
set out in this  letter,  please  sign  and  date  this  Agreement  where  it is
indicated  below,  and  return  it to  David W.  Lacey,  Technitrol,  Inc.  1210
Northbrook Drive,  Suite 470, Trevose,  PA 19053. Your signature below indicates
your  acceptance of this  Agreement in full and shall cause this Agreement to be
binding upon you, your heirs,  representatives and assigns. If you do not return
it to  Technitrol  signed by July 7, 2005, we shall assume that you have elected
not to accept  the terms and  conditions  of this  Agreement  and this  offer is
revoked.

      9.    Employment with a Competitor of Technitrol

You agree to advise the company of your serious  consideration of, and candidacy
for,  a  position  with  a  current  competitor  of  Technitrol  or  any  of its
subsidiaries.  We want to discuss the position with you and to ensure that there
is no material  conflict.  Your direct  contact for this  provision  is David W.
Lacey, Vice President, Human Resources at Technitrol. If AMI DODUCO is no longer
owned by Technitrol, it is not considered a competitor.


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<PAGE>

      10.   Miscellaneous

This Separation  Agreement  supercedes all prior  agreements,  arrangements  and
understandings and constitutes the complete and full agreement and understanding
between  the  parties  relating  to  the  subject  matter  covered  herein.  Any
modifications  of, or amendments  to, the  Separation  Agreement must be made in
writing and signed by both parties.

This  Agreement   shall  be  governed  by  the  laws  of  the   Commonwealth  of
Pennsylvania, without regard to conflicts of law principles.

The Separation  Agreement  constitutes all the terms of AMI DODUCO's  separation
agreement with you. I will be your primary contact after your termination  date,
providing  assistance for all matters  related to this Separation  Agreement.  I
have sent you two originals signed and dated. Please return one original of this
Agreement  to me signed and dated on or before July 7, 2005 as  confirmation  of
your acceptance of this offer.

                                        Sincerely,

                                        /s/ David W. Lacy

                                        David W. Lacey
                                        Vice President, Human Resources

Accepted  and  Agreed to on this 29th day of June,  2005,  and  intending  to be
legally bound.

/s/ David W. Lacy    June 24, 2005       /s/ Albert Thorp, III     June 29, 2005

----------------------------------       ---------------------------------------
David W. Lacey                Date       Albert Thorp, III                  Date


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<PAGE>

                        Addendum to Separation Agreement

I acknowledge and understand that it is the policy of (Technitrol and AMID) that
all emails  transmitted  through their  internal  email systems  (either sent or
received)  are the  property of  (Technitrol/AMID).  I  acknowledge  that I have
returned to (Technitrol/AMID) all copies of emails together with any attachments
to them which  were in my  possession,  custody or control in either  electronic
form or in hard copy form,  while I was managing my  responsibilities  either as
CFO of  Technitrol  or President of AMI DODUCO.  I represent to  Technitrol/AMID
that I do not have in my possession,  custody or control any emails or documents
sent or received by me by way of Technitrol/AMI DODUCO's email system, except as
set forth in this  Separation  Agreement  and  defined in  paragraph  #4 of this
Agreement.


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