Document:

Kopin Corporation Fiscal Year 2006 Cash Bonus Plan

 Exhibit 10.24 
 Kopin Corporation Fiscal Year 2006 Cash Bonus Plan 
 1. Purpose and Effective Date. The
purpose of the Kopin Corporation 2006 Cash Bonus Plan (this “Plan”) is to incentivize certain employees of Kopin Corporation, a Delaware corporation (the “Company”), in order to enhance the profitability of the Company. This Plan
has been adopted by the Company as of December 31, 2005. 
 2. Participants; Cash Bonus Payments. 
 (a) The individuals eligible to participate in the Plan are those individuals listed on Schedule 1 attached hereto (the
“Participants”). 
 (b) In the event that the Company’s Net Income (as defined below) for the Company’s
fiscal year ending December 30, 2006 (the “2006 Fiscal Year”) is greater than $0, each of the Participants shall be entitled to receive a cash bonus payment (each, a “Cash Bonus Payment”) from the Company in the amount set
forth opposite each such Participant’s name on Schedule 1 attached hereto, payable to all Participants on the same date (the “Payment Date”) within 90 days of the end of the 2006 Fiscal Year and subject to and net of any
applicable tax or other withholding requirements. As used herein, “Net Income” means the net income of the Company, computed by the Company in accordance with generally accepted accounting principles and Company policies used to prepare
the Company’s Annual Report on Form 10-K for the 2006 Fiscal Year. The impact of accounting principles adopted in 2006, such as the expensing of stock options, will be excluded from the computation of Net Income. In addition, Net Income shall
exclude the impact of any Cash Bonus Payment payable hereunder. 
 3. Amendment. The Company may at any time and from time to
time amend this Plan in any respect and for any purpose but no such amendment shall materially impair a Participant’s eligibility to receive a Cash Bonus Payment substantially on the basis described hereunder as in effect prior to any such
amendment without such Participant’s consent. 
 4. Interests Non-Assignable; No Funding. The benefits provided hereunder
will not be subject to alienation, assignment, garnishment, attachment, execution or levy of any kind, and any attempt to cause such benefits to be so subjected will not be recognized, provided that the foregoing shall not prevent transfers
of the benefits provided hereunder by will or the laws of descent and distribution. Neither the establishment of this Plan, nor the creation of any fund or account, nor the payment of any benefits, nor the taking of any other action pursuant to the
provisions of this Plan, will give or be construed to give any Participant any legal or equitable right against the Company or the Company’s Board of Directors or shareholders, except as provided herein. The rights granted hereunder to any
Participant are no greater than the right of any other unsecured general creditor of the Company. The Company shall not be required to set aside or segregate any assets of any kind to meet any of its obligations hereunder and no Participant shall
have any rights on account of this Plan to any specific assets of the Company. 
 Schedule 1 
  

				
	 Participant
	  	Cash Bonus Payment
	 Hong Choi
	  	$	25,000
	 John Fan
	  	$	100,000
	 Daily Hill
	  	$	25,000
	 Michael Presz
	  	$	25,000
	 Richard Sneider
	  	$	25,000
	 Boryeu Tsaur
	  	$	25,000Severance Agreement, Robert Sforzo

 EXHIBIT 10.22(a) 
 PRIMEDIA Inc. 
 745 Fifth Avenue 
 New York, New York 10151 
 July 19, 1999 
 Mr. Robert Sforzo 
 Vice President, Controller 
 Dear Bob: 
 In connection with your continuing employment
with PRIMEDIA Inc. (“the Company”), this letter will constitute our agreement relating to amounts and benefits owing to you in connection with any termination of your employment. 
 In the event that we terminate your employment without cause at any time after the date hereof, we will pay you as severance (i) an aggregate amount
equal to 18 months base salary at the rate being paid on the date your employment is terminated by the Company (the “Date of Termination”), less applicable withholdings, payable bi-weekly on the Company’s regularly scheduled payroll
dates and (ii) your target bonus under the Company’s Executive Incentive Compensation Plan (“EICP”) for the portion of the year worked from the beginning of the calendar year in which the termination occurs to the Date of
Termination, less applicable withholdings, payable no later than March 31 of the year following the year in which your termination occurred. Any EICP bonus for completed calendar years unpaid at the Date of Termination shall be paid in full in
accordance with the EICP. 
 No severance payments whatsoever shall be payable upon your voluntary resignation or upon termination of your
employment for cause. For purposes of this letter, “cause” shall mean substance abuse, conviction of a felony, fraud, theft, embezzlement, sexual harassment, or willful or repeated failure or refusal to follow reasonable policies or
directives established by your supervisor or the Board of Directors of the Company. 
 As consideration for the severance and benefits to be
provided to you pursuant to this letter and as a condition to your receipt of any payments hereunder, you agree to execute a separation and release agreement substantially in the form attached hereto in which you will agree to release any claims
against the Company. 

 The severance arrangements set forth above shall be in lieu of and not in addition to any other severance
policies of the Company which may be in effect generally from time to time. 
 Both parties agree that any disputes hereunder shall be heard
and determined by an arbitrator selected in accordance with the rules and procedures of the American Arbitration Association in New York City and that the arbitrator’s findings shall be final and binding on both parties hereto. 
 This letter and its validity, interpretation, performance, and enforcement shall be governed by the laws of the State of New York. 
 This letter constitutes our entire agreement, supersedes all prior agreements between us which are of no further force and effect. The provisions of this
letter may not be changed or waived, except by a writing signed by both parties hereto. 
  

			
	Very truly yours,
		
	By:	 	 /s/ BEVERLY C. CHELL

		 	Beverly C. Chell
		 	Vice Chairman

 FORM 
 OF 
 SEPARATION AND RELEASE AGREEMENT 
 This Separation and Release Agreement (“Agreement”) by and between
             (“Employee”) and
                         (the “Company”), dated as of
             and executed on the date specified below (the date of execution by the Employee hereinafter referred to as the “Execution Date”). 
 RECITAL 
 Employee and Company
desire to reach a mutual understanding and acceptance of the terms and conditions related to Employee’s separation from employment with Company in accordance with the terms of the letter delivered by the Company to the Employee covering among
other things the amount of severance payable to the Employee upon termination by the Company without cause (the “Severance Letter”). 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained it is
hereby agreed as follows: 
 1. Employee shall cease to be an employee of Company as of
                     (“Separation Date”) and shall be paid Employee’s normal salary through that date plus any accrued
but unused vacation. 
 2. In consideration of Employee’s acceptance of this Agreement, on the eighth (8) day following the
execution of this Agreement by Employee, Employee shall be 

 
entitled to receive from the Company (i) an aggregate amount equal to          weeks’ base
salary at Employee’s current rate of          per annum ($ in the aggregate), less customary payroll deductions, payable bi-weekly on Company’s regular pay dates and (ii) any
additional amounts as set forth in the Severance Letter. 
 3. From and after the Separation Date, Employee shall cease to be an active
participant in any Company benefit plans in which the Employee participates. Benefit payouts, if any, and COBRA will be in accordance with the provisions of the respective plans and applicable laws except as specifically provided otherwise in the
Severance Letter. 
 4. Employee agrees that the Company is authorized to open any and all business mail addressed to Employee at the
Company’s address. Employee further understands and agrees that the Company will not be responsible for forwarding mail. 
 5. Employee
for Employee, Employees heirs, executors, administrators and assigns, hereby unconditionally releases, discharges and acquits Company, its subsidiaries. parents, and affiliates, and each of them, and their respective officers, directors,
shareholders, partners, employees, agents and affiliates, and each of them (hereinafter collectively referred to as “Releasees”) from any and all debts, agreements, promises, liabilities, claims, damages, actions, causes of action, or
demands of any kind or nature including without limitation all claims of wrongful discharge, breach of contract, intentional infliction of emotional distress, breach of alleged implied covenant of good faith and fair dealing, invasion of privacy,
defamation, and age or sex discrimination, or discrimination based on any other ground, including but not limited to those arising under the Age Discrimination in Employment Act, as amended, Title VII of the Civil Rights Act of 1964, the Employee
Retirement Income Security Act of 1974, the Fair Labor Standards Act, as amended, the Americans with Disabilities Act and 

 
the Family and Medical Leave Act of 1993 and all other federal, state and local equal employment, fair employment, civil or human rights laws, codes and
ordinances, regardless of whether such claims are past, present, or future, personal or representative, known or unknown, or arising out of any occurrence to date and expressly including but not limited to any liability arising out of or in
connection with the employment of Employee by Company, or the termination hereof, and claims for attorneys’ fees and costs, and any and all forms of compensation, including without limitation any incentive awards or bonuses, relating to such
employment, other than as set forth in paragraph 2 of this Agreement 
 6. It is understood and agreed that the release set forth in the
preceding paragraph is intended as and shall be deemed to be a full and complete release of any and all claims that Employee may or might have against Releasees, or any of them, arising out of any occurrence arising on or before the date of this
Agreement and said release is intended to cover and does cover any and all future damages not now known to Employee or which may later develop or be discovered. including all causes of action therefor and arising out of or in connection with any
occurrence arising on or before the date of this Agreement. 
 7. By signing and returning this Agreement, Employee acknowledges that
Employee: 
 (a) has carefully read and fully understands the terms of this Agreement; 
 (b) is entering into this Agreement voluntarily and knowing that Employee is releasing claims that Employee has or believes Employee may have against
Company; 

 (c) has hereby been advised by this Agreement that Employee has the right to consult with an attorney of
Employee’s choosing prior to signing this Agreement; and 
 (d) is giving this release of claims in return for consideration to which
Employee otherwise would not have been entitled, to wit, any compensation and benefit enhancements beyond those that Employee would otherwise be entitled to pursuant to the Company’s policies and practices. 
 8. Employee hereby covenants not to sue or bring any claim against Releasees and acknowledges and agrees that this general release may be pleaded as a
full and complete defense to, and may be used as the basis for an injunction against, any action, claim, suit or other proceeding which may be instituted, prosecuted or attempted in breach of this release. 
 9. Employee promises not to make any statement, written or oral, directly or indirectly, which in any way disparages Company or any of its
affiliates or their publications, or the employees, officers, directors or shareholders of any of them. Employee promises to maintain this Agreement in strict confidence and to make no disclosure of the terms of this settlement to any third party,
provided, however, that nothing herein contained shall prohibit Employee from disclosing the terms of this Agreement as may be required by law. Notwithstanding anything herein to the contrary, the foregoing shall in no way limit the effect of the
release set forth above. 
 10. Except as specifically set forth in this Agreement to the contrary, Employee agrees to return all Company
property in Employee’s possession to Company on or before the Separation Date. Employee acknowledges receipt of the Notice on Conclusion of Employment, attached hereto as Exhibit “A”. Employee understands and agrees that any 

 
disclosure in contravention of this Agreement or Notice on Conclusion of Employment may release Company from any obligations it may have to Employee under
this Agreement. 
 11. This Agreement sets forth the entire agreement between the parties regarding Employee’s separation from Company,
supersedes any prior written, oral or implied agreement between the parties hereto regarding the subject mater hereof and may only be amended by a written agreement signed by the parties hereto. 
 12. Employee agrees and understands that neither the content nor the execution of this Agreement shall constitute or be construed as any implied or
actual admission by Company of any liability to or of the validity of any claim by Employee that Employee is entitled to additional compensation or continued employment with the Company or that the Company engaged in any wrongdoing. 
 13. Employee hereby represents and agrees that in entering into this Agreement, Employee has relied solely upon Employee’s own judgment,
belief and knowledge and Employee’s own legal and other professional advisors and that no statement made by or on behalf of Company has in any way influenced Employee in such regard. 
 14. Employee hereby represents and warrants to Company that Employee has not assigned any claim Employee may or might have against Company to any third
party. 
 15. Each party shall pay its own attorneys’ fees, costs and expenses related to this Separation and Release Agreement.

 16. This Agreement shall be governed by and construed in accordance with the laws of the State of New York. 

 17. It is agreed by each of the parties hereto that they have read the above and fully understand the
terms of this Agreement which they voluntarily execute in good faith and deem to be a full and equitable settlement of this matter. 
 18.
The provisions of this Separation and Release Agreement are severable. If any provision of the Separation and Release Agreement is declared invalid or unenforceable, the ruling will not affect the validity and enforceability of any other provision
of the Separation and Release Agreement. 
 19. Employee may review and consider this Agreement for a period of up to twenty-one
(21) days from the date of this Agreement. Employee agrees and understands that Employee’s failure to execute this Agreement and to return this signed document on or before twenty-one (21) days after the date of this Agreement will
release Company from any obligation to enter into this Agreement and make any payments under the Severance Letter. 
 20. Furthermore,
Employee shall be entitled to revoke this Agreement within seven (7) days after Employee’s timely execution of same by delivering a written revocation to Company. If Employee so revokes or if Employee fails to execute this document, this
Agreement shall be null and void and of no force and effect and the Company will have no obligation to make any payments under the Severance Letter, and Employee will receive severance payments equal to one week’s base salary for each year
employed by Company, less regular payroll deductions, payable in bi-weekly installments on Company’s regular pay dates, in accordance with Company’s regular severance practice. 

							
	Agreed and Accepted:	 		 	
			
	  
	 		 	Dated:
                                
	Employee’s signature	 		 	
			
	Agreed and Accepted for the Company.	 		 	
				
	By:	 	  
	 		 	Dated:
                                
	Name:	 		 		 	
	Title:	 		 		 	

 EXHIBIT “A” 
 NOTICE ON CONCLUSION OF EMPLOYMENT 
 In connection with the conclusion of employment with PRIMEDIA Inc., and/or its
subsidiaries and affiliates (“Company”), each employee has an obligation to surrender and return to Company all mail, files, records, manuals, books, blank forms, tapes, discs, photographs, negatives, documents, letters, memoranda, notes,
notebooks, materials, property, reports, data tables, calculations, information or copies thereof, which are the property of Company or which relate in any way to the business, products, practices or techniques of Company and all other property,
trade secrets or confidential information of Company and any third parties with whom it deals, including but not limited to, all keys, passwords, combinations and documents which in any of these cases are in the employee’s possession or under
the employee’s control. 
 The employee also has a continuing obligation to preserve as CONFIDENTIAL and refrain from using, trade secrets or
confidential information concerning the business, products, practices or techniques of Company and any third parties with whom it deals, including but not limited to, manuscripts, photographs, techniques, systems, designs, research, processes,
inventions, developments, proposals, plans, publications, computer programs, user manuals and documentation, products (whether or not copyrighted or copyrightable, or patented or patentable), marketing and merchandising methods, subscriber,
circulation, customer or supplier lists, business, accounting and financial information of Company, that has been disclosed to or is known to the Employee by reason of employment by Company, and to refrain from acts or omissions that would reduce
the value of such trade secrets and confidential information to company. 
  

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