THIS AGREEMENT IS INTENDED
TO RELEASE AND INURE TO THE BENEFIT OF THE COMPANY AND THE COMPANY PARTIES.
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(G)
APPLICABLE LAW.
THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF CALIFORNIA WITHOUT TAKING INTO
ACCOUNT CONFLICT OF LAW PRINCIPLES.
(H)
FACSIMILE AND COUNTERPART. THIS AGREEMENT MAY BE EXECUTED VIA
FACSIMILE AND IN ONE OR MORE COUNTERPARTS, EACH OF WHICH SHALL BE DEEMED AN
ORIGINAL, BUT ALL OF WHICH TOGETHER CONSTITUTE ONE AND THE SAME INSTRUMENT,
BINDING ON THE PARTIES.
EMPLOYEE ACKNOWLEDGES AND AGREES THAT EMPLOYEE HAS CAREFULLY READ AND
VOLUNTARILY SIGNED THIS AGREEMENT, THAT EMPLOYEE HAS HAD AT LEAST 21 DAYS IN
WHICH TO CONSIDER AND REVIEW THE AGREEMENT, THAT EMPLOYEE HAS HAD AN OPPORTUNITY
TO CONSULT WITH AN ATTORNEY OF EMPLOYEE'S CHOICE, AND THAT EMPLOYEE SIGNS THIS
AGREEMENT WITH THE INTENT OF RELEASING THE COMPANY AND THE COMPANY PARTIES FROM
ANY AND ALL CLAIMS.
ACCEPTED AND AGREED TO:
May 20, 2009
May 20, 2009
ITERIS SYSTEMS, INC.
EMPLOYEE:
By:
/s/ Abbas Mohaddes
/s/ Francis Memole
Abbas Mohaddes,
Memole
Chief Executive Officer
Address:
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