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                SEVERANCE
                  AND RELEASE

                AGREEMENT

                 

                 

                 

              

      

      

       

      

      J.
        RICHARD SHAFER

      

      

      and

      

      OXFORD
        MEDIA INC.

      a
        Nevada Corporation

      

      

      

      

      

      

      

      

      

      October
        30, 2006

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      SEVERANCE
        AND RELEASE AGREEMENT
        
          

        

      

      

      I

      

      PARTIES

      

      THIS
        SEVERANCE AND RELEASE AGREEMENT
        (the
“Agreement”) is entered into this 30th
        day of
        October, 2006 (“Effective Date”), by and between J. RICHARD SHAFER, an
        individual residing in the State of California (“Shafer”); and,
        OXFORD
        MEDIA, INC., a Nevada corporation (“OXMI”). Shafer and OXMI are sometimes
        referred to collectively herein as the “Parties”, and each individually as a
“Party”.

       

      II

      

      RECITALS

      

      A.    Shafer
        was employed by OXMI in order to render services generally described as
        Executive Vice President of Sales. 

      

      B.    Shafer’s
        employment with OXMI was subject to a written Executive Employment Agreement
        dated 20 March 2006 (the “Employment Agreement”), providing terms for
        termination of Shafer’s employment with OXMI for both cause and without cause. A
        true and correct copy of the Employment Agreement is attached hereto as Exhibit
        “A”. 

      

      C.    The
        Parties mutually desire to terminate Shafer’s employment relationship without
        dispute, effective as of the Effective Date of this Agreement. OXMI
        conditionally offers to do so, provided Shafer enters into and complies with
        all
        of the terms and conditions of this Agreement, including but not limited
        to the
        provision of assurances to OXMI that he will not assert any claims of any
        kind
        against OXMI and specifically identified related parties, whether arising
        out of
        (i) Shafer’s employment with OXMI, (ii) Shafer’s status as a shareholder of
        OXMI, or any other relationship or claim of right whatsoever arising out
        of or
        any manner or form related to the relationship between the Parties, and that
        Shafer will continue to abide by and honor his obligations to maintain and
        protect OXMI’s, and OXMI’s affiliates, subsidiaries, predecessors, parents,
        related businesses and entities’ Trade Secret and Confidential Information, in
        exchange for the valid consideration to be transferred by OXMI
        hereunder.

       

      D.    The
        Parties recognize and acknowledge the existence, validity, and application
        of
        (i) that certain convertible note (the “Convertible Note”) of OXMI dated 30
        September 2004 in favor of Shafer in the original principal amount of Four
        Hundred Twenty Thousand Dollars ($420,000); and, (ii) the Supplemental Agreement
        dated 30 March 2005 between the Parties (the “Supplemental
        Agreement”).

      

      E.    This
        Agreement shall specifically encompass all claims and related factual and
        legal
        circumstances noted above (collectively, the “Claims”). As such, it is the
        intent of the Parties that their respective rights and obligations to each
        other
        from this day forward shall be determined exclusively under the terms of
        this
        Agreement, and that this Agreement supersedes, amends and restates any other
        employment agreements between the Parties.

      

      
        
          
            INITIALS:
              _________________

            Page
              1 of
              12

          

        

        
           

          
            

          

        

        
           

        

      

      F.
            All
        Parties are desirous of settling the Claims and releasing each other from
        all
        future liability.

      

      G.    NOW,
        THEREFORE,
        in
        consideration of the promises and the mutual covenants contained herein,
        and for
        other good and valuable consideration, the receipt and sufficiency of which
        are
        hereby acknowledged, the Parties, intending to be legally bound, hereby agree
        as
        follows:

      

      III

      

      RELEASE

      

      3.1    Exchange.
        In
        consideration of the execution of this Agreement, the payments and obligations
        described below to be made by OXMI, the satisfaction of the obligations of
        each
        of the respective Parties hereunder, the actions of the Parties provided
        below
        with regard to the Supplemental Agreement, and other good and valuable
        consideration, the receipt and value of which is hereby confirmed, Shafer
        on the
        one hand, and OXMI on the other hand, shall hereby fully, finally and forever
        settle and release each other from any and all claims, losses, fines, penalties,
        damages, demands, judgments, debts, obligations, interests, liabilities,
        causes
        of action, breaches of duty, costs, expenses, judgments and injunctions of
        any
        nature whatsoever, whether known or unknown, arising out of or related to
        the
        relationships between the Parties prior to the Effective Date, specifically
        including, but not limited to, the Claims (cumulatively referred to as the
        “Released Claims”). 

      

      3.2    Payments
        by OXMI.
        As
        full, complete, and final payment in settlement of all Released Claims under
        this Agreement, OXMI shall pay Shafer as follows:

      

      3.2.1.    Convertible
        Note Accrued Interest.
        Upon
        execution of this Agreement, OXMI shall pay to Shafer the sum of Sixteen
        Thousand Eight Hundred Dollars ($16,800) as full and final payment of all
        any
        and all accrued and owing interest under the Convertible Note. 

      

      3.2.2. 
          Severance
        Payment.
        OXMI
        shall pay to Shafer the sums and benefits identified in, and in accordance
        with,
        Section 6.6 of the Employment Agreement, entitled “Termination by Employer
        without Cause” which states,

      

      “6.6 
          Termination
        By Employer Without Cause.”

       6.6.1.  
         Termination
        Event. The
        employment of executive shall terminate immediately upon delivery to Executive
        of written notice of termination by Employer, which shall be deemed to be
        ‘without cause’ unless termination is expressly stated to be pursuant to
        Sections 6.1 or 6.2.

       6.6.2.  
         Result
        of
        Termination. Upon termination of this Agreement pursuant to this Section
        6.6,
        Employer shall pay to Executive, on the Termination Date, an amount equal
        to (i)
        all accrued and unpaid salary and other compensation payable to Executive
        by
        Employer with respect to services rendered by Executive to Employer through
        the
        Termination Date; and, (ii) an amount equal to twelve (12) months salary
        based
        upon the then existing salary of Executive, payable in the same manner as
        salary
        would have been paid to Executive had he continued to work for Employer
        hereunder. In addition to the foregoing, and notwithstanding the provisions
        of
        any other agreement to the contrary, Employer shall continue to provide to
        Executive all other benefits that would otherwise be payable to Executive
        pursuant to Section 5.1 hereof for the twelve (12) months following the
        Termination Date.”

      

      
        INITIALS:
          _________________

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          2 of 12

      

      
        
           

        

        
          
            

          

        

        
           

        

      

      The
        severance payment under said Section 6.6 will be paid to Shafer in equal
        installments in accordance with the normal payroll practices of OXMI and
        consistent with the manner in which Shafer was paid while employed with OXMI.
        OXMI will
        withhold required deductions from the payments hereunder, including deductions
        for applicable state and federal taxes, social security, all other standard
        deductions, and/or any specific deductions applicable to Shafer.

      

      3.3    Conversion
        of Convertible Note.
        Immediately upon execution of this Agreement, and with no further action
        required of Shafer, the Convertible Note shall be deemed converted in accordance
        with the terms and conditions of the Supplemental Agreement. OXMI shall issue
        to
        Shafer a share certificate for two hundred ten thousand (210,000) shares
        of OXMI
        common stock, free and clear of any Rule 144 restrictions, with the Convertible
        Note thereafter being deemed converted and of no further force and effect.
        

       

      3.4    Complete
        Release and Hold Harmless.
        All
        Parties, for themselves, itself, their heirs, executors, administrators,
        successors, and assigns, hereby agree to release, discharge and hold harmless
        each other and the other’s directors, employees, shareholders, managers,
        officers, members, affiliates, subsidiaries, predecessors, parents, related
        businesses and entities, attorneys and each of their successors and assigns
        from
        any and all known and unknown claims of every nature and kind whatsoever
        which
        they now or hereafter may have with respect to each other and/or the Claims,
        notwithstanding Section 1542 of the California Civil Code, which provides
        that:

      

      "A
        GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
        OR
        SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, AND WHICH
        IF
        KNOWN BY HIM, MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE
        DEBTOR."

      

      All
        rights under §1542 of the California Civil Code, as well as under any other
        statutes or common law principles of similar effect, are hereby expressly,
        fully, knowingly, intentionally and forever waived and relinquished by the
        Parties. Each Party hereby acknowledges that each understands the significance
        and consequences of such waiver under §1542 of the California Civil Code, and
        that each had the opportunity to seek the advice of legal counsel of its
        choice.

      

      

      3.5   Scope
        of Shafer’s Release.
        Shafer
        further expressly understands that the rights being waived hereunder
        specifically include, but are not limited to, any and all claims under (as
        any
        of the same may be amended from time to time) Title VII of the Civil Rights
        Act
        of 1964; Sections 1981 and 1983 of the Civil Rights Act of 1866; Equal Pay
        Act;
        Americans with Disabilities Act; Age Discrimination in Employment Act; Employee
        Retirement Income Security Act; Fair Labor Standards Act; Family and Medical
        Leave Act; WARN Act; the United States and California Constitutions; California
        Fair Employment and Housing Act; California Family Rights Act; California
        Labor
        Code; any applicable California Industrial Welfare Commission Wage Order;
        with
        respect to the foregoing constitutional and statutory references, any comparable
        constitution, statute or regulation of any other state; all claims of
        discrimination or harassment on account of race, sex, sexual orientation,
        national origin, religion, disability, age, pregnancy, veteran’s status, or any
        other protected status under any federal or state statute; any federal, state
        or
        local law enforcing express or implied employment contracts or covenants
        of good
        faith and fair dealing; any federal, state or local laws providing recourse
        for
        alleged wrongful discharge or constructive discharge, termination in violation
        of public policy, tort, physical or personal injury, emotional distress,
        fraud,
        negligent misrepresentation, defamation, and any similar or related claim;
        together with any claim under any other local, state or federal law or
        constitution governing employment, discrimination or harassment in employment,
        or the payment of wages or benefits, whether or not now known, suspected
        or
        claimed, which Shafer ever had, now has, or may claim to have in the future
        as
        of the date of this Agreement. This
        Agreement and the scope of the release by Shafer hereunder expressly includes
        any statutory claims, including, but not limited to, claims under the Age
        Discrimination in Employment Act (the “ADEA”) and the Older Workers’ Benefit
        Protection Act (“OWBPA”), except that this Agreement does not waive rights or
        claims under the ADEA which may arise after the Effective Date of this
        Agreement.

      

      

      
        INITIALS:
          _________________

        Page
          3 of 12

      

      
        
           

        

        
          
            

          

        

        
           

        

      

      3.6    After
        Acquired Information.
        The
        Parties acknowledge that they may hereafter discover information, facts,
        or
        circumstances different from or in addition to those which they now know
        or
        believe to be true. Except as otherwise provided herein to the contrary,
        this
        Agreement shall remain in full force and effect in all respects notwithstanding
        such discovery, and the Parties expressly accept and assume the risk of such
        possible additions to or differences from those facts now known or believed
        to
        be true.

      

      3.7    Enforceability.
        The
        enforceability of this Agreement is conditioned upon each respective Party
        satisfying its respective obligations hereunder. 

      

      3.8    Assignment
        of Released Claims.
        The
        Parties hereby covenant that none of the Released Claims has been assigned
        to
        any other person, and that no other person has any interest in any of the
        Released Claims. In the event any other person asserts any interest with
        respect
        to the Released Claims, then the Party breaching this covenant shall fully
        defend and indemnify the Party against whom such claim is asserted for any
        and
        all damages, costs, and fees of any kind.

      

      3.9    Specific
        Exclusion.
        It is
        expressly understood that the release contained in this Agreement does not
        encompass or include any of the following: 

      

      (a)   The
        promises and obligations of the Parties under this Agreement, specifically
        including but not limited to the provisions of Article V, below.

      

      (b)    The
        promises and obligations of Shafer under the Employment Agreement intended
        to
        survive termination, as further reflected in Section 5.5, below. 

      

      (c)    The
        intentionally willful, tortious, or criminal acts of either Party after the
        execution of this Agreement.

       

      

      
        INITIALS:
          _________________

        Page
          4 of 12

      

      
        
           

        

        
          
            

          

        

        
           

        

      

      3.10 
          No
        Admission of Liability.
        Notwithstanding the terms and conditions of this Agreement, execution hereof
        shall in no manner or form constitute the admission of liability or
        responsibility of either Party in respect to the Claims.

       

      IV

      

      EMPLOYMENT
        RELATIONSHIP

      

      4.1    Voluntary
        Termination.
        The
        Parties agree that Shafer voluntarily accepted termination of his employment
        with OXMI, and that his last day of employment by and with OXMI shall be
        deemed
        to be the 26th
        day of
        October, 2006 (the “Termination Date”). As of the Termination Date and as
        additional consideration hereunder, Shafer voluntarily resigned any and all
        positions he held in and with OXMI, and the Employment Agreement shall be
        deemed
        to be terminated, except for those provisions contained therein which
        specifically are to survive termination. 

      

      4.2    Payment
        of Amounts Owed.
        The
        payments to be made by OXMI pursuant to Section 3.2.2. hereunder shall represent
        all amounts due Shafer for unpaid and accrued wages and benefits, if applicable,
        including but not limited to sick leave, vacation time, severance, and all
        other
        amounts which may be due to Shafer from OXMI hereafter, and Shafer shall
        neither
        make, nor be entitled to any other amounts. Group
        medical plan coverage of Shafer, if applicable, will be maintained by OXMI
        and
        terminate pursuant to the terms of this Agreement,
        unless
        Shafer makes a proper election to continue such coverage under COBRA, in
        which
        case all such benefits shall be at his sole cost and expense. Any and all
        other
        coverage of any kind extending beyond the terms and conditions of this Agreement
        will be solely at the expense of Shafer and subject to the terms and conditions
        of the documents governing the medical plan. It is the sole responsibility
        of
        Shafer to comply with said terms and conditions, and OXMI will have no liability
        for the future failure of Shafer to acquire COBRA coverage. 

      

      4.3    Express
        Waiver of Any Other Amounts.
        Shafer
        hereby acknowledges that he is not entitled to receive, and will not claim,
        any
        damages, rights, benefits, or compensation other than as expressly set forth
        in
        this Agreement. Specifically, no vacation, benefits, earned or paid time
        off, or
        other accrual-based benefits of any kind (“Post Termination Benefits) will
        accrue, vest or otherwise be credited to Shafer after the Effective Date.
        Shafer
        expressly waives, foregoes and denies any right or claim to such Post
        Termination Benefits and acknowledges that no compensation, remuneration
        or
        other form of payment or benefit is forthcoming based thereon. 

      

      V

      

      CONFIDENTIALITY
        AND BUSINESS RELATED PROVISIONS

      

      5.1    Non-Disclosure
        of Business Information.
        Shafer
        shall not at any time, either directly or indirectly use, divulge, disclose
        or
        communicate to any person, firm, or corporation, in any manner whatsoever,
        any
        confidential information concerning any matters affecting or relating to
        the
        business of OXMI, including, but not limited to, the names, buying habits,
        or
        practices of any of its customers, its marketing methods and related data,
        the
        names of any of its vendors or suppliers, costs of materials, the prices
        it
        obtains or has obtained or at which it sells or has sold its products or
        services, manufacturing and sales, costs, lists or other written records
        used in
        OXMI's business, compensation paid to employees and other terms of employment,
        or any other confidential information of, about or concerning the business of
        OXMI, its manner of operation, or other confidential data of any kind, nature,
        or description. The Parties hereby stipulate that as between them, the foregoing
        matters are important, material, and confidential trade secrets and affect
        the
        successful conduct of the OXMI's business and its goodwill, and that any
        breach
        of any term of this paragraph is a material breach of this
        Agreement.

      

      

      
        INITIALS:
          _________________

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          5 of
          12

      

      
        
           

        

        
          
            

          

        

        
           

        

      

      5.2    Non-Solicitation
        of Employees.
        During
        and continuing for a period of three (3) years after the Effective Date of
        this
        Agreement, Shafer shall not, directly or indirectly, cause or induce, or
        attempt
        to cause or induce, any employee of OXMI to terminate his or her employment
        with
        OXMI, as such employment exists at any time following the Effective
        Date.

      

      5.3    Return
        of Materials.
        Upon
        execution of this Agreement Shafer shall
        promptly deliver to OXMI all equipment, notebooks, documents, memoranda,
        reports, files, samples, books, correspondence, lists, computer disks and
        data
        bases, computer programs and reports, computer software, and all other written,
        graphic and computer generated or stored records relating to the business
        of
        OXMI which are or have been in the possession or under the control of
        Shafer.

      

      5.4    No
        Disparaging Remarks.
        Neither
        Party shall make, or
        cause
        to be made, any statement or communicate any information (whether oral or
        written) that disparages or reflects negatively on the other or any of the
        parties released hereunder. Nothing
        herein shall preclude either Party from complying with a subpoena or other
        lawful process.

      

      5.5    Nondisclosure
        of Trade Secret/Confidential Information.
        Shafer
        shall not at any time, whether during or subsequent to the execution of this
        Agreement, unless specifically consented to in writing by OXMI , either directly
        or indirectly use, divulge, disclose or communicate to any person, firm,
        or
        corporation, in any manner whatsoever, any Confidential Information concerning
        any matters affecting or relating to the business of OXMI, including, but
        not
        limited to, the names, buying habits, or practices or Confidential Information
        of any of its customers, Customer Accounts, its marketing methods and related
        data, the names of any of its vendors or suppliers, costs of materials, the
        prices it obtains or has obtained or at which it sells or has sold its products
        or services, manufacturing and sales, costs, lists or other written records
        used
        in OXMI’s business, operations, production, facilities, equipment, machinery,
        processes, formulas, engineering, programs, methods, intellectual property,
        patents, trademarks, licensed marks, trade names, service marks (collectively,
        “Intellectual Property”), compensation paid to employees and other terms of
        employment, or any other Confidential Information of, about or concerning
        the
        business of OXMI , its manner of operation, or other confidential data of
        any
        kind, nature, or description. The Parties hereby stipulate that as between
        them,
        all of the foregoing matters shall be referred to as “Confidential Information”,
        and are important, material, and confidential business “Trade Secrets” and
        affect the successful conduct of the OXMI’s business and its goodwill, and that
        any breach of any term of this Section 5 is a material breach of this Agreement
        giving rise to immediate termination thereof.

      

      5.5.1.   
        “Customer
        Accounts”.
        As used
        herein, the term “Customer Accounts” shall mean all accounts of OXMI and its
        affiliates, related businesses, predecessors, successors, subsidiaries,
        licensees, and business associations, whether now existing or hereafter
        developed or acquired, including any and all accounts developed or acquired
        by
        or through the efforts of Shafer. Without regard to whether any of the matters
        in this Agreement would otherwise be deemed confidential, material, or
        important, the Parties hereto stipulate that as between them the matters
        stated
        as Confidential Information in this Agreement are confidential, material,
        and
        important and gravely affect the effective and successful conduct of the
        business of OXMI or its goodwill and that any breach of the terms of this
        Section 5 will be a material breach of this Agreement and shall constitute
        grounds for immediate termination thereof.

      

      

      
        INITIALS:
          _________________

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          6 of 12

      

      
        
           

        

        
          
            

          

        

        
           

        

      

      5.5.2.  Misuse
        of Confidential Information. 
        In the
        event that Shafer breaches this Agreement and releases OXMI Confidential
        Information or Trade Secrets, Shafer shall fully indemnify, defend, pay,
        save,
        and hold OXMI harmless from any and all claims, costs, judgments, and damages,
        including reasonable attorney's fees and expenses of council, which are incurred
        as a direct or indirect consequence thereof.

      

      5.5.3.  Proprietary
        Rights.
        Shafer
        acknowledges OXMI’s exclusive right, title and interest in and to its
        Intellectual Property, Confidential Information, Trade Secrets and registrations
        and the goodwill of the business symbolized thereby (collectively, “Proprietary
        Rights”) and will not, at any time, do or cause to be done any act or thing
        contesting or in any way impairing or tending to impair any part of OXMI’s
        right, title, ownership and interest therein.

      

      VI

      

      ADDITIONAL
        REPRESENTATIONS AND OBLIGATIONS

      

      6.1    Consideration
        Period.
        This
        Agreement has been delivered to Shafer
        on
        the 30th
        day of
        October, 2006. Shafer shall have twenty-one (21) days to consider and sign
        this
        Agreement. Pursuant to Section 6.3, below, Shafer has been encouraged to
        seek
        legal counsel to consider and review this Agreement. To the extent Shafer
        does
        not use the full 21-days within which to consider signing this Agreement,
        Shafer’s signature hereto shall serve as Shafer’s express written waiver of this
        period and of any and all claims, rights, or causes of action of any kind
        against OXMI of any kind arising out of Shafer’s voluntary decision to execute
        this Agreement and waive this consideration period.

       

       

      6.2    Revocation
        Period.
        Upon
        execution of this Agreement, Shafer shall have seven (7) days to revoke the
        Agreement. Any such revocation by Shafer must be in writing and delivered
        to
        OXMI pursuant to the notice requirements under Article VII, below. If timely
        revoked by Shafer, this Agreement will not be effective or enforceable, and
        all
        Parties shall be immediately released of all obligations hereunder, with
        no
        affect on any of the claims each Party may otherwise possess. 

      

      6.3    Independent
        Legal Counsel.
        The
        Parties to this Agreement warrant, represent, and agree that in executing
        this
        Agreement, they do so with full knowledge of the rights each may have with
        respect to the other Party, and that each has received, or has had the
        opportunity to receive, independent legal advice as to these rights. Each
        of the
        Parties has executed this Agreement with full knowledge of these rights,
        and
        under no fraud, coercion, duress, or undue influence.

      

      

      
        INITIALS:
          _________________

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          7 of
          12

      

      
        
           

        

        
          
            

          

        

        
           

        

      

      6.4    Waiver
        of Age Discrimination Claim.
        Shafer
        understands that the release contained in this Agreement had to meet certain
        requirements to constitute a valid release of any claims under the Age
        Discrimination in Employment Act (“ADEA”), and Shafer hereby represents that all
        such requirements were in fact satisfied. These requirements required the
        following, each of which has in fact been satisfied: (i) execution of this
        Agreement by Shafer has been knowing and voluntary, and free from duress,
        coercion and mistake of fact; (ii) this Agreement is in writing and is
        understandable; (iii) this Agreement has waived current ADEA claims explicitly;
        (iv) this Agreement has not waived future ADEA claims; (v) the release by
        Shafer
        hereunder of ADEA claims has been paid for with something to which Shafer
        was
        not already entitled; (vi) this Agreement has advised Shafer to consult an
        attorney; (vii) this Agreement has given Shafer twenty-one (21) days to consider
        the ADEA release contained in this Agreement; and, (viii) this Agreement
        has
        given Shafer seven (7) days within which to revoke the ADEA release contained
        in
        this Agreement after execution.

      

      

      VII

      

      ADDITIONAL
        PROVISIONS

      

      7.1    Executed
        Counterparts.
        This
        Agreement may be executed in any number of counterparts, all of which when
        taken
        together shall be considered one and the same agreement, it being understood
        that all Parties need not sign the same counterpart. In the event that any
        signature is delivered by fax or by e-mail delivery of a “.pdf” format data
        file, such signature shall create a valid and binding obligation of the Party
        executing (or on whose behalf such signature is executed) with the same force
        and effect as if such facsimile or “.pdf” signature page were an original
        thereof. Each of the Parties hereby expressly forever waives any and all
        rights
        to raise the use of a fax machine or E-Mail to deliver a signature, or the
        fact
        that any signature or agreement or instrument was transmitted or communicated
        through the use of a fax machine or E-Mail, as a defense to the formation
        of a
        contract.

       

      7.2    Successors
        and Assigns.
        Except
        as expressly provided in this Agreement, each and all of the covenants, terms,
        provisions, conditions and agreements herein contained shall be binding upon
        and
        shall inure to the benefit of the successors and assigns of the Parties
        hereto.

       

      7.3    Article
        and Section Headings.
        The
        article and section headings used in this Agreement are inserted for convenience
        and identification only and are not to be used in any manner to interpret
        this
        Agreement.

      

      7.4    Severability.
        Each
        and every provision of this Agreement is severable and independent of any
        other
        term or provision of this Agreement. If any term or provision hereof is held
        void or invalid for any reason by a court of competent jurisdiction, such
        invalidity shall not affect the remainder of this Agreement.

      

      7.5    Governing
        Law.
        This
        Agreement shall be governed by the laws of the State of California, without
        giving effect to any choice or conflict of law provision or rule (whether
        of the
        State of California or any other jurisdiction) that would cause the application
        of the laws of any jurisdiction other than the State of California. If any
        court
        action is necessary to enforce the terms and conditions of this Agreement,
        the
        Parties hereby agree that the Superior Court of California, County of Orange,
        shall be the sole jurisdiction and venue for the bringing of such action.
        

      

      

      
        INITIALS:
          _________________

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      7.6    Entire
        Agreement.
        This
        Agreement, and all references, documents, or instruments referred to herein,
        contains the entire agreement and understanding of the Parties hereto in
        respect
        to the subject matter contained herein. The Parties have expressly not relied
        upon any promises, representations, warranties, agreements, covenants, or
        undertakings, other than those expressly set forth or referred to herein.
        This
        Agreement supersedes any and all prior written or oral agreements,
        understandings, and negotiations between the Parties with respect to the
        subject
        matter contained herein.

      

      7.7    Additional
        Documentation.
        The
        Parties hereto agree to execute, acknowledge, and cause to be filed and
        recorded, if necessary, any and all documents, amendments, notices, and
        certificates which may be necessary or convenient under the laws of the State
        of
        California.

      

      7.8    Attorney’s
        Fees.
        If any
        legal action (including arbitration) is necessary to enforce the terms and
        conditions of this Agreement, the prevailing Party shall be entitled to costs
        and reasonable attorney’s fees. 

      

      7.9    Amendment.
        This
        Agreement may be amended or modified only by a writing signed by all
        Parties.

      

      7.10 
          Remedies.

      

      7.10.1.
         Specific
        Performance.
        The
        Parties hereby declare that it is impossible to measure in money the damages
        which will result from a failure to perform any of the obligations under
        this
        Agreement. Therefore, each Party waives the claim or defense that an adequate
        remedy at law exists in any action or proceeding brought to enforce the
        provisions hereof.

      

      7.10.2.
         Cumulative.
        The
        remedies of the Parties under this Agreement are cumulative and shall not
        exclude any other remedies to which any person may be lawfully entitled.
        

       

      7.11 
          Waiver.
        No
        failure by any Party to insist on the strict performance of any covenant,
        duty,
        agreement, or condition of this Agreement or to exercise any right or remedy
        on
        a breach shall constitute a waiver of any such breach or of any other covenant,
        duty, agreement, or condition. 

      

      7.12      
         Assignability.
        This
        Agreement is not assignable by either Party without the expressed written
        consent of all Parties.

      

      7.13     
         Notices.
        All
        notices, requests and demands hereunder shall be in writing and delivered
        by
        hand, by facsimile transmission, by mail, by telegram or by recognized
        commercial over-night delivery service (such as Federal Express, UPS or DHL),
        and shall be deemed given (a) if by hand delivery, upon such delivery; (b)
        if by
        facsimile transmission, upon telephone confirmation of receipt of same; (c)
        if
        by mail, forty-eight (48) hours after deposit in the United States mail,
        first
        class, registered or certified mail, postage prepaid; (d) if by telegram,
        upon
        telephone confirmation of receipt of same; or, (e) if by recognized commercial
        over-night delivery service, upon such delivery.

      

      7.14      
         Time.
        All
        Parties agree that time is of the essence as to this Agreement.

      

      

      
        INITIALS:
          _________________

        Page
          9 of 12

      

      
        
           

        

        
          
            

          

        

        
           

        

      

      7.15     
         Agreement
        to Arbitrate.
        THE
        PARTIES HEREBY AGREE TO WAIVE UNCONDITIONALLY AND IRREVOCABLY THE RIGHT TO
        TRIAL
        BY JURY IN CONNECTION WITH ANY LITIGATION THAT MAY AT ANY TIME, DIRECTLY
        OR
        INDIRECTLY, ARISE OUT OF OR IN CONNECTION WITH ANY ASPECT OF THE RELATIONSHIP
        BETWEEN SHAFER AND OXMI, ITS OFFICERS, AGENTS AND EMPLOYEES, INCLUDING BUT
        NOT
        LIMITED TO THE TERMINATION OF SHAFER’S EMPLOYMENT, RIGHTS AND DUTIES AS A
        SHAREHOLDER, OR YOUR EMPLOYMENT WITH OXMI, TO THE EXTENT LEGALLY ALLOWABLE.
        This
        means that both Parties irrevocably, unconditionally, and exclusively agree
        that
        any controversy or claim arising out of or relating to Shafer’s employment which
        cannot be otherwise resolved pursuant to the terms hereof, or any dispute
        between the Parties, shall be resolved by binding arbitration in Orange County,
        California. The arbitration shall be administered by Judicial Arbitration
        and
        Mediation Services, the Company (“JAMS”), or another mutually agreed upon
        neutral service, in its Orange County office. The arbitrator shall be a retired
        Superior Court Judge of the State of California affiliated with JAMS. Judgment
        upon the award rendered by the arbitrator may be entered and enforced in
        any
        court having jurisdiction thereof. THE AWARD OF THE ARBITRATOR SHALL BE BINDING,
        FINAL, AND NON-APPEALABLE. The arbitrator shall not have any power to alter,
        amend, modify, or change any of the terms of this Agreement, the Employment
        Agreement, the Convertible Note, or the Supplemental Agreement, or to grant
        any
        remedy which is either prohibited by the terms of this Agreement or not
        available in a court of law. Any action brought to enforce the provisions
        of
        this section shall be brought in the Orange County Superior Court. All other
        questions regarding Shafer’s employment, including but not limited to the
        interpretation, enforcement of this Agreement (other than the right to
        arbitrate), and the rights, duties and liabilities of the parties to Shafer’s
        employment shall be governed by California law. The costs of the arbitration,
        including any JAMS administration fee, and arbitrator’s fee, and costs of the
        use of facilities during the hearings, shall be borne by OXMI; however, the
        Parties shall be solely responsible for their own attorney’s fees and costs.
        Attorney’s fees and costs may be awarded to the prevailing party at the
        discretion of the arbitrator as part of the award. In any arbitration proceeding
        conducted pursuant to the provisions of this Agreement, both parties shall
        have
        the right to conduct all discovery, to call witnesses and to cross-examine
        the
        opposing party’s witnesses, either through legal counsel, expert witnesses or
        both, to the fullest extent allowed by California law, as though before any
        Court or tribunal of the State. Both Parties expressly understand and agree
        on
        behalf of their heirs, executors, administrators, successors, and assigns,
        that
        the rights being waived hereunder specifically include, but are not limited
        to,
        any and all civil claims in State or Federal Courts under (as any of the
        same
        may be amended from time to time) Title VII of the Civil Rights Act of 1964;
        Sections 1981 and 1983 of the Civil Rights Act of 1866; Equal Pay Act; Americans
        with Disabilities Act; Age Discrimination in Employment Act; Federal or State
        Retirement Income Security Acts; Fair Labor Standards Act; Family and Medical
        Leave Act; WARN Act; the United States and California Constitutions; California
        Fair Employment and Housing Act; California Family Rights Act; California
        Labor
        Code; any applicable California Industrial Welfare Commission Wage Order;
        with
        respect to the foregoing constitutional and statutory references, any comparable
        constitution, statute or regulation of any other state; all claims of
        discrimination or harassment on account of race, sex, sexual orientation,
        national origin, religion, disability, age, pregnancy, veteran’s status, or any
        other protected status under any federal or state statute; any federal, state
        or
        local law enforcing express or implied employment contracts or covenants
        of good
        faith and fair dealing; any federal, state or local laws providing recourse
        for
        alleged wrongful discharge or constructive discharge, termination in violation
        of public policy, tort, physical or personal injury, emotional distress,
        fraud,
        negligent misrepresentation, defamation, and any similar or related claim;
        together with any claim under any other local, state or federal law or
        constitution governing employment, discrimination or harassment in employment,
        or the payment of wages or benefits, which each Party may have in any way
        related to Shafer’s employment, to the extent legally allowable. This
        Agreement and the scope of the release hereunder expressly includes any
        statutory claims, including, but not limited to, claims under the Age
        Discrimination in Employment Act (the “ADEA”) and the Older Workers’ Benefit
        Protection Act (“OWBPA”), to the extent legally allowable. Although
        the intent of this Agreement is to benefit both Parties by mutually agreeing
        upon a single forum for the resolution of any and all disputes or grievances
        between them, notwithstanding the foregoing limitations, this Agreement shall
        not be interpreted to preclude or waive any Party’s available remedies under, or
        rights to, filing, submitting or hearing of matters before any of the above
        regulatory or administrative entities, commissions or boards to the extent
        such
        rights cannot by law be waived. 

      

      

      
        INITIALS:
          _________________

        Page
          10 of 12

      

      
        
           

        

        
          
            

          

        

        
           

        

      

      7.16     
         Waiver
        of Trial.
        IN
        ACCORDANCE WITH THE AGREEMENT OF THE PARTIES TO ARBITRATE ALL DISPUTES PURSUANT
        TO SECTION 7.15, ABOVE, EACH
        PARTY HEREBY WAIVES TRIAL IN ANY ACTION, PROCEEDING OR COUNTER CLAIM BROUGHT
        BY
        ANY OF THEM AGAINST THE OTHER ARISING OUT OF OR IN ANY WAY CONNECTED WITH
        THIS
        AGREEMENT, OR ANY OTHER AGREEMENTS EXECUTED IN CONNECTION HEREWITH OR THE
        ADMINISTRATION THEREOF OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN. THE
        PROVISIONS OF THIS SECTION 7.16 HAVE BEEN FULLY DISCUSSED BY THE PARTIES
        HERETO,
        AND THESE PROVISIONS SHALL BE SUBJECT TO NO EXCEPTIONS. NO PARTY HAS IN ANY
        WAY
        AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE PROVISIONS OF THIS
        SECTION 7.16 WILL NOT BE FULLY ENFORCED IN ALL INSTANCES.

      

      7.17       Provision
        Not Construed Against Party Drafting Agreement.
        This
        Agreement is the result of negotiations by and between the Parties, and each
        Party has had the opportunity to be represented by independent legal counsel
        of
        its choice. This Agreement is the product of the work and efforts of all
        Parties, and shall be
        deemed
        to have been drafted by all Parties. In the event of a dispute, no Party
        hereto
        shall be entitled to claim that any provision should be construed against
        any
        other Party by reason of the fact that it was drafted by one particular
        Party.

      

      7.18       Recitals.
        The
        facts recited in Article II, above, are hereby conclusively presumed to be
        true
        as between and affecting the Parties.

      

      7.19       Best
        Efforts.
        The
        Parties shall use and exercise their best efforts, taking all reasonable,
        ordinary and necessary measures to ensure an orderly and smooth relationship
        under this Agreement, and further agree to work together and negotiate in
        good
        faith to resolve any differences or problems which may arise in the
        future.

      

      7.20       Definitional
        Provisions.
        For
        purposes of this Agreement, (i) those words, names, or terms which are
        specifically defined herein shall have the meaning specifically ascribed
        to
        them; (ii) wherever from the context it appears appropriate, each term stated
        either in the singular or plural shall include the singular and plural; (iii)
        wherever from the context it appears appropriate, the masculine, feminine,
        or
        neuter gender, shall each include the others; (iv) the words “hereof”, “herein”,
“hereunder”, and words of similar import, when used in this Agreement, shall
        refer to this Agreement as a whole, and not to any particular provision of
        this
        Agreement; (v) all references to designated “Articles”, “Sections”, and to other
        subdivisions are to the designated Articles, Sections, and other subdivisions
        of
        this Agreement as originally executed; (vi) all references to “Dollars” or “$”
shall be construed as being United States dollars; (vii) the
        term
“including” is not limiting and means “including without limitation”;
and,
        (viii) all references to all statutes, statutory provisions, regulations,
        or
        similar administrative provisions shall be construed as a reference to such
        statute, statutory provision, regulation, or similar administrative provision
        as
        in force at the date of this Agreement and as may be subsequently amended.
        

       

      

      
        INITIALS:
          _________________

        Page
          11
          of 12

      

      
        
           

        

        
          
            

          

        

        
           

        

      

      VIII

      

      EXECUTION

      

      IN
        WITNESS WHEREOF,
        this
        Agreement has been duly executed by the Parties, and shall be effective as
        of
        and on the Effective Date set forth in Section 1, above.

      

      THE
        PARTIES HAVE CAREFULLY READ THIS ENTIRE AGREEMENT. ITS CONTENTS AND THE RELEASE
        CONTAINED HEREIN HAVE BEEN FULLY EXPLAINED TO THEM BY THEIR ATTORNEYS, OR
        THEY
        HAVE VOLUNTARILY ELECTED NOT TO SEEK THE ADVICE OF AN ATTORNEY. THE PARTIES
        FULLY UNDERSTAND THE FINAL AND BINDING EFFECT OF THIS AGREEMENT. THE ONLY
        PROMISES OR REPRESENTATIONS MADE TO EACH OF THE PARTIES ABOUT THIS AGREEMENT,
        OR
        TO INDUCE THEM TO SIGN THIS AGREEMENT, ARE CONTAINED IN THIS AGREEMENT. THE
        PARTIES ARE SIGNING THIS AGREEMENT KNOWINGLY AND VOLUNTARILY, WITHOUT
        COMPULSION, COERCION, FRAUD, OR DURESS.

      

      
        	
                SHAFER:

              	
                OXMI:

              
	 	 
	 	
                OXFORD
                  MEDIA, INC., 

              
	
                ___________________________

              	
                a
                  Nevada corporation

              
	
                J.
                  RICHARD SHAFER 

              	 
	 	 
	
                DATED:
                   ___________________

              	
                BY:
                  ___________________________

              
	 	 
	 	
                NAME:
                  ________________________

              
	 	 
	 	
                TITLE:
                   ________________________

              
	 	 
	 	
                DATED:
                  _______________________

              

      

      
 

       

       

       

       

       

       

       

      
         
          INITIALS:
            _________________

          Page
            12
            of 12Exhibit 10.1

Exhibit A

AMENDED
AND RESTATED

CHANGE OF CONTROL EMPLOYMENT AGREEMENT

This AGREEMENT is
made by and between Intermec, Inc.,
a Delaware corporation, and                      
(the “Executive”) as of the     
day of             ,
20   (the “Effective Date”).

WHEREAS, the Board of Directors of Intermec, Inc.
has determined that it is in the best interests of the Company and its
shareholders to assure that the Company will have the continued dedication of
the Executive, notwithstanding the possibility, threat or occurrence of a
Change of Control (as defined below);

WHEREAS, the Board of Directors of Intermec, Inc.
believes it is imperative to diminish the inevitable distraction of the
Executive by virtue of the personal uncertainties and risks created by a
pending or threatened Change of Control and to encourage the Executive’s full
attention and dedication to the Company currently and in the event of any
threatened or pending Change of Control, and to provide the Executive with
compensation and benefits arrangements upon a Change of Control which ensure
that the compensation and benefits expectations of the Executive will be
satisfied and which are competitive with those of other corporations;

WHEREAS, the Company and the Executive are parties to
a Change of Control Employment Agreement dated as of             ,
     (the “Original Agreement”);

WHEREAS, the Company and the Executive desire to
amend and restate the Original Agreement so that this Agreement will replace
the Original Agreement in its entirety;

NOW, THEREFORE, THE PARTIES AGREE
AS FOLLOWS:

1.     Definitions.

1.1  “Accounting Firm” means (i)
the independent certified public accounting firm serving the Company
immediately prior to the Change of Control Date or (ii) an independent certified
public accounting firm selected by the Executive pursuant to Section 7(c) of
this Agreement.

1.2  “Accrued Obligations” has
the meaning set forth in Section 6(a)(i) of this Agreement.

1.3  “Affiliate” means a Person
that Controls or is Controlled by or is under common Control with Intermec,
Inc.

1.4  “Agreement” means this
Amended and Restated Change of Control and Employment Agreement.

1.5  “Annual Base Salary” has the
meaning set forth in Section 4(b)(i) of this Agreement.

1.6  “Annual Bonus” has the meaning
set forth in Section 4(b)(ii) of this Agreement.

1.7  “Benefits” means Fringe
Benefits, Retirement Benefits, and/or Welfare Benefits.

1.8  “Board” means the Board of
Directors of Intermec, Inc. and its Successors.

 1
 

1.9  “Business Combination” means
a reorganization, merger, or consolidation or sale or other disposition of all
or substantially all of the assets of the Company.

1.10  “Cause” has the meaning set
forth in Section 5(b) of this Agreement.

1.11  “Change of Control” has the
meaning set forth in Section 2 of this Agreement.

1.12  “Change of Control Date”
means (i) the effective date of a Change of Control or (ii) if, the Company
terminates the Executive’s employment or reduces Executive’s Annual Base
Salary, Annual Bonus, Opportunities or Benefits without Cause prior to the
effective date of a Change of Control and if it is reasonably demonstrated by
the Executive that such termination or reduction (A) was at the request of a
third party who had taken steps reasonably calculated to effect a Change of
Control or (B) otherwise arose in connection with or in anticipation of a
Change of Control, then “Change of Control Date” means the date immediately
prior to the date of such termination or reduction.

1.13  “Company” means Intermec,
Inc., its Successors and its Affiliates.

1.14  “Control” means (i)
beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act),
directly or indirectly, of 30% or more of a Person’s then outstanding voting
equity generally entitled to vote in the election of directors (or other
participants of the managing authority) or (ii) acquisition of actual control
of the operations of a Person whether by means of contract or otherwise or
(iii) acquisition of control of a Person through a merger or consolidation or (iv)
acquisition of all or substantially all of a Person’s assets.

1.15  “Date of Termination” means
(i) if the Executive’s employment is terminated by the Company for Cause, or by
the Executive for Good Reason, the date of receipt of the Notice of Termination
or any later date specified therein, as the case may be, (ii) if the Executive’s
employment is terminated by the Company other than for Cause or Disability, the
date on which the Company notifies the Executive of such termination, and (iii)
if the Executive’s employment is terminated by reason of death or Disability,
the date of death of the Executive or the Disability Effective Date, as the
case may be; provided, however, that, when the event of termination occurs in
the fourth calendar quarter of the year, the Date of Termination is January 1
of the following year.

1.16  “Disability”
means the absence of the Executive from the Executive’s duties with the Company
on a full-time basis for 180 consecutive business days as a result of
incapacity due to mental or physical illness which is determined to be total
and permanent by a physician selected by the Company or its insurers and
acceptable to the Executive or the Executive’s legal representative.

1.17  “Disability Effective Date”
means the 30th day after the Executive’s receipt of the Company’s notice of
intent to terminate the Executive’s employment pursuant to Section 5(a) of this
Agreement.

1.18  “Dispute” means
disagreement, dispute, controversy, suit, action, proceeding or claim arising
out of or relating to this Agreement or the interpretation of this Agreement.

1.19  “Effective Date” has the
meaning set forth in the first sentence of this Agreement.

1.20  “Employment Period” means
the period beginning on the Change of Control Date and ending on the second
anniversary of such Change of Control Date.

 2
 

1.21  “ERISA Sections 601-608”
means Sections 601-608 of the Employee Retirement Income Security Act of 1974,
as amended.

1.22  “Exchange Act” means the
Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder.

1.23  “Excess Parachute Payment”
means an excess parachute payment within the meaning of IRC Section 280G.

1.24  “Excise Tax” means the
excise tax imposed by IRC Section 4999.

1.25  “Executive” has the meaning
set forth in the first sentence of this Agreement.

1.26  “Executive’s Principal
Location” means the location where the Executive was employed on the business
day immediately preceding the Change of Control Date.

1.27  “Fringe Benefit Plan” means
any plan, practice, program or policy maintained by the Company with respect to
fringe benefits, including, without limitation, tax and financial planning
services and payment of related expenses.

1.28  “Good Reason” has the
meaning set forth in Section 5(c) of this Agreement.

1.29  “Incentive Compensation
Plans” means incentive (including stock option or similar incentive plans),
savings and retirement plans, practices, policies and programs maintained by
the Company, including, without limitation, the Management Incentive
Compensation Plan.

1.30  “Incumbent Board” has the
meaning set forth in Section 2(b) of this Agreement.

1.31  “IRC” means the Internal
Revenue Code of 1986 as amended.

1.32  “IRC Section 1274(b)(2)(B)”
means Section 1274(b)(2)(B) of the IRC.

1.33  “IRC Section 1274 (d)”
means Section 1274(d) of the IRC.

1.34  “IRC Section 409A” means
Section 409A of the IRC.

1.35  “IRC Section 4980B means
Section 4980B of the IRC.

1.36  “IRC Section 4999” means
Section 4999 of the IRC.

1.37  “IRC Interest Rate” means
the applicable federal interest rate provided for delayed payment in Section
7872(f)(2)(A) of the IRC.

1.38 “IRS” means the U.S. Internal Revenue Service.

1.39  “Management Incentive
Compensation Plan” means the Intermec, Inc. Management Incentive Compensation
Plan (effective for the 1999 fiscal year and thereafter) and any predecessor or
successor plans which provide for the grant of annual cash bonuses or other
short-term cash incentive awards during the last three full fiscal years prior
to the Change of Control Date.

1.40 “Net After-Tax Benefit” has the meaning set forth in Section 7(a)
of this Agreement.

 3
 

1.41  “Notice of Termination”
means a written notice which (i) indicates the specific termination provision
in this Agreement relied upon, (ii) to the extent applicable, sets forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination of the Executive’s employment under the provision so indicated, and
(iii) if the Date of Termination (as defined below) is other than the date of
receipt of such notice, specifies the termination date (which date will be not
more than thirty days after the giving of such notice).

1.42  “Opportunities” means the
opportunity to (i) obtain regular or special incentive compensation under the
Company’s Incentive Compensation Plans, (ii) obtain regular or special
retirement benefits under the Company’s Retirement Plans, (iii) save through
the Company’s Savings Plans and/or (iv) obtain regular or special benefits
under the Company’s Welfare Benefit Plans.

1.43  “Other Benefits” has the
meaning set forth in Section 6(a)(iv) of this Agreement.

1.44  “Outstanding Company Common
Stock” has the meaning set forth in Section 2(a)(i) of this Agreement.

1.45  “Outstanding Company Voting
Securities” has the meaning set forth in Section 2(a)(ii) of this Agreement.

1.46  “Parachute Payment” means “parachute
payment” within the meaning of IRC Section 280G.

1.47  “Parachute Value” means the
present value as of the date of the Change of Control of the portion of the
Payment that constitutes a “parachute payment” under IRC Section 280G(b)(2), as
determined by the Accounting Firm in accordance with IRC Section 280G(b)(2).

1.48  “Payment” has the meaning
set forth in Section 7(a) of this Agreement.

1.49  “Person”  has the meaning set forth in Section 2(a) of
this Agreement.

1.50  “Plan” means Fringe Benefit
Plan, Incentive Compensation Plan, Retirement Plan, Savings Plan, Severance
Plan, Vacation Plan and/or Welfare Benefit Plan.

1.51 “Reduced Amount” means an amount expressed in present value which
maximizes the aggregate present value of Payments without causing any Payment
to be subject to Excise Tax.

1.52 “Repayment Amount” has the meaning set forth in Section 7(c) of
this Agreement.

1.53  “Retirement Benefits” means
any compensation a retiree is eligible to receive under a Retirement Plan.

1.54  “Retirement Plan” means any
qualified or non-qualified defined benefit retirement plan maintained by the
Company, including but not limited to the Intermec, Inc. Pension Plan, the
Intermec, Inc. Supplemental Executive Retirement Plan and the Intermec, Inc.
Restoration Plan.

1.55  “Safe Harbor Amount” means
the maximum dollar amount of Payments in the nature of compensation that are
contingent on a Section 280G Change of Control and may be paid or distributed
to the Executive without imposition of the Excise Tax.

 4
 

1.56  “Savings Plan” means any
qualified or non-qualified savings program maintained by the Company, including
but not limited to the Intermec, Inc. Financial Security and Savings Program.

1.57  “Section 280G Change of
Control” means a change of control within the meaning of IRC Section 280G.

1.58  “Section 280G Compensation
means compensation within the meaning of IRC Section 280G.

1.59   “SERP” means any excess or
supplemental retirement plan maintained by the Company.

1.60  “Severance Plan” means any
plan, practice, policy or program under which the Company provides benefits to
employees following the Company’s termination of their employment.

1.61  “Successor” means a Person
that acquires Control of the Company.

1.62  “Vacation Plan” means any
plan, practice, policy or program maintained by the Company with respect to
employee vacations.

1.63  “Welfare Benefit Plan”
means any welfare benefit plan, practice, policy or program provided by the
Company to its employees (including, without limitation, medical, prescription,
dental, disability, salary continuance, employee life, group life, accidental
death and travel accident insurance plans and programs)

1.64  “Willful” has the meaning
set forth in Section 5(b) of this Agreement.

2.     Change
of Control.  For the purpose of this
Agreement, the term “Change of Control”
means:

(a)  An
acquisition by any individual, entity, or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Exchange Act (a “Person”)
of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of 30 % or more of either (i) the then outstanding shares of
common stock of the Company (the “Outstanding Company Common
Stock”) or (ii) the combined voting power of the then outstanding
voting securities of the Company entitled to vote generally in the election of
directors (the “Outstanding Company Voting Securities”);
excluding, however, the following acquisitions of Outstanding Company Common
Stock and Outstanding Company Voting Securities: (i) any acquisition directly
from the Company, other than an acquisition by virtue of the exercise of a
conversion privilege unless the security being so converted was itself acquired
directly from the Company, (ii) any acquisition by the Company, (iii) any
acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company, or (iv) any acquisition by any Person pursuant to a
transaction which complies with clauses (i), (ii), and (iii) of subsection (c)
of this Section 2; or

(b) 
Individuals who, as of the Effective Date, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at
least a majority of the Board; provided, however, that any individual who
becomes a member of the Board subsequent to the Effective Date whose election,
or nomination for election by the Company’s shareholders, was approved by a
vote of at least a majority of the directors then comprising the Incumbent Board
will be considered as though such individual were a member of the Incumbent
Board, but provided further,  that any
such individual whose initial assumption of office occurs as a result of either

 5
 

an actual or threatened election contest (as such
terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange
Act)  or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the
Board will not be considered to be a member of the Incumbent Board; or

(c) 
The approval by the shareholders of the Company of a Business
Combination or if consummation of such Business Combination is subject, at the
time of such approval by shareholders, to the consent of any government or
governmental agency, obtaining of such consent (either explicitly or implicitly
by consummation); excluding, however, such a Business Combination pursuant to
which (i) all or sub­stantially all of the individuals and entities who are the
beneficial owners, respectively, of the Outstanding Company Common Stock and
Outstanding Company Voting Securities immediately prior to such Business
Combination will beneficially own, directly or indirectly, more than 60 percent
of, respectively, the outstanding shares of common stock and the combined voting
power of the then outstanding voting securities entitled to vote generally in
the election of directors, as the case may be, of the corporation resulting
from such Business Combination (including, without limitation, a corporation
which as a result of such transaction owns the Company or all or substantially
all of the Company’s assets) in substantially the same proportions as their
ownership, immediately prior to such Business Combination of the Outstanding
Company Common Stock and Outstanding Company Voting Securities, as the case may
be, (ii) no Person (other than any employee benefit plan (or related trust)
sponsored or maintained by the Company or such corporation resulting from such
Business Combination) will beneficially own, directly or indirectly, 30 percent
or more of, respectively, the outstanding shares of common stock of the
corporation resulting from such Business Combination or the combined voting
power of the outstanding voting securities of such corporation entitled to vote
generally in the election of directors except to the extent that such ownership
existed prior to the Business Combination, and (iii) at least a majority of the
members of the board of directors of the corporation resulting from such
Business Combination will have been members of the Incumbent Board at the time
of the execution of the initial agreement, or of the action of the Board,
providing for such Business Combination; or

(d) 
The approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company.

3.     Employment
Period.  Subject to the terms and
conditions of this Agreement, the Company agrees to continue the Executive in
its employ, and the Executive agrees to remain in the employ of the Company for
the duration of the Employment Period.

4.     Terms
of Employment.

(a)  Position
and Duties.

(i)  During the Employment Period, (A) the
Executive’s position (including status, offices, titles, and reporting
requirements), authority, duties, and responsibilities will be at least
commensurate in all material respects with the most significant of those held,
exercised, and assigned at any time during the 120-day period immediately
preceding the Change of Control Date and (B) the Executive’s services will be
performed at the Executive’s Principal Location or at any office or location
that is 25 miles or less from the Executive’s Principal Location.

(ii)  During the Employment Period, and excluding
any periods of vacation and sick leave to which the Executive is entitled, the
Executive agrees to devote reasonable attention and time during normal business
hours to the business and affairs of the Company and, to the extent necessary
to discharge the responsibilities assigned to the Executive 

 6
 

hereunder,
to use the Executive’s reasonable best efforts to perform faithfully and
efficiently such responsibilities. 
During the Employment Period it will not be a viola­tion of this
Agreement for the Executive to (A) serve on corporate, civic, or charitable
boards or committees, (B) deliver lectures, fulfill speaking engagements, or
teach at educational institutions, and (C) manage personal investments, so long
as such activities do not significantly interfere with the performance of the
Executive’s responsibilities as an employee of the Company in accordance with
this Agreement.  It is expressly
understood and agreed that to the extent that any such activities have been
conducted by the Executive prior to the Change of Control Date, the continued
conduct of such activities (or the conduct of activities similar in nature and
scope thereto) subsequent to the Change of Control Date will not thereafter be
deemed to interfere with the performance of the Executive’s responsibilities to
the Company.

(b)  Compensation.

(i)  Base
Salary.  During the Employment
Period, the Executive will receive from the Company an annual base salary (“Annual Base Salary”), (which will be paid at a monthly rate)
at least equal to twelve times the highest monthly base salary paid or payable,
including any base salary which has been earned but deferred, to the Executive
by the Company in the 12-month period immediately preceding the Change of
Control Date.  During the Employment
Period, the Annual Base Salary will be reviewed by the Company no more than 12
months after the last salary increase awarded to the Executive prior to the
Change of Control Date and thereafter at least annually.  Any increase in the Executive’s Annual Base
Salary will not limit or reduce any of the Company’s other obligations to the
Executive under this Agreement.  The Annual
Base Salary will not be reduced after any such increase and, as used in this
Agreement, the term “Annual Base Salary”
means the Annual Base Salary as so increased.

(ii) Annual Bonus.  In addition to Annual Base Salary, the
Executive will be awarded, for each fiscal year ending during the Employment
Period, an annual bonus in cash equal to the Target Bonus (as that term is
defined in the Management Incentive Compensation Plan) applicable to the
Executive for the fiscal year, or if the Management Incentive Compensation Plan
is not in effect for such fiscal year, the target bonus or award which the
Executive would earn for such year under any incentive plan or arrangement in
which the Executive participates or is eligible to participate pursuant to Section
4(b)(iii) assuming the attainment of any performance goals or similar criteria
to the extent necessary for the Executive to qualify to receive the target
award thereunder.  The amount which described
in the preceding sentence is hereinafter called the “Annual Bonus.”

(iii)  Incentive,
Savings, and Retirement Plans. 
During the Employment Period, the Executive will be entitled to
participate in all Incentive Compensation Plans applicable generally to other
peer executives of the Company, but in no event will such plans provide the
Executive with Incentive Compensation Plan Opportunities, Savings Plan
Opportunities and Retirement Plan Opportunities, in each case, less favorable,
in the aggregate, than the most favorable of those provided by the Company for
the Executive under such plans as in effect at any time during the 120-day
period immediately preceding the Change of Control Date or, if more favorable
to the Executive, those provided generally at any time on or after the Change
of Control Date to other peer executives of the Company.

(iv)  Welfare Benefit Plans.  During the Employment Period, the Executive
and/or the Executive’s family, as the case may be, will be eligible for
participation in and will receive all benefits under the Company’s Welfare
Benefit Plans to the extent applicable generally to other peer executives of
the Company, but in no event will such plans, practices, policies, and programs
provide the Executive with benefits which are less favorable, in the aggregate,
than the most favorable of such plans, practices, policies, and programs in
effect for the Executive at 

 7
 

any
time during the 120-day period immediately preceding the Change of Control Date
or, if more favorable to the Executive, those provided generally at any time on
or after the Change of Control Date to other peer executives of the Company.

(v)  Expenses.  During the Employment Period, the Executive
will be entitled to receive prompt reimbursement for all reasonable expenses
incurred by the Executive in accordance with the most favorable policies,
practices, and procedures of the Company in effect for the Executive at any
time during the 120-day period immediately preceding the Change of Control Date
or, if more favorable to the Executive, on or after the Change of Control Date
with respect to other peer executives of the Company.

(vi)  Fringe Benefits.  During the Employment Period, the Executive
will be entitled to fringe benefits, including, without limitation, if
applicable, tax and financial planning services in accordance with the most
favorable Plans of the Company in effect for the Executive at any time during
the 120-day period immediately preceding the Change of Control Date or, if more
favorable to the Executive, as in effect generally at any time on or after the
Change of Control Date with respect to other peer execu­tives of the Company.

(vii)  Office and Support Staff.  During the Employment Period, the Executive
will be entitled to an office or offices of a size and with furnishings and
other appointments, and to exclusive personal secretarial and other assistance,
at least equal to the most favorable of the foregoing provided to the Executive
by the Company at any time during the 120-day period immediately preceding the
Change of Control Date or, if more favorable to the Execu­tive, as provided
generally at any time on or after the Change of Control Date with respect to
other peer executives of the Company.

(viii)  Vacation.  During the Employment Period, the Executive
will be entitled to paid vacation in accordance with the most favorable Plan of
the Company as in effect for the Executive at any time during the 120-day
period immediately preceding the Change of Control Date or, if more favorable
to the Executive, as in effect generally at any time on or after the Change of
Control Date with respect to other peer executives of the Company.

5.     Termination
of Employment.

(a)  Death
or Disability.  Subject to Section
5(d) of this Agreement, the Executive’s employment will terminate automatically
upon the Executive’s death during the Employment Period.  If the Company determines in good faith that
the Disability of the Executive has occurred during the Employment Period, it
may give to the Executive written notice in accordance with Section 12(b) of
this Agreement of its intention to terminate the Executive’s employment.  In such event, the Executive’s employ­ment
with the Company will terminate effective on the Disability Effective Date,
unless, prior to such date, the Executive has returned to the full-time
performance of his or her duties.

(b)  Cause.  The Company may terminate the Executive’s
employment during the Employment Period for Cause.  For purposes of this Agreement, “Cause” means:

(i)  the Willful and continued failure of the
Executive to perform substantially the Executive’s duties with the Company
(other than any such failure resulting from incapacity due to physical or
mental illness), after a written demand for substantial performance is
delivered to the Executive by the Board or the Chief Executive Officer of the
Company which specifically identifies the manner in which the Board or Chief
Executive Officer believes that the Executive has not substantially performed
the Executive’s duties, or

 8
 

(ii)  the Willful engaging by the Executive in
illegal conduct or gross misconduct which is materi­ally and demonstrably
injurious to the Company.

For purposes of this provision, no act or failure to act, on the part
of the Executive, will be considered “Willful” unless
it is done, or omitted to be done, by the Executive in bad faith or without
reasonable belief that the Execu­tive’s action or omission was in the best
interests of the Company.  Any act, or
failure to act, based upon authority given pursuant to a resolution duly
adopted by the Board or upon the instructions of the Chief Executive Officer or
a senior officer of the Company or based upon the advice of counsel for the
Company will be conclusively presumed to be done, or omitted to be done, by the
Executive in good faith and in the best interests of the Company.  The cessation of employment of the Executive
will not be deemed to be for Cause unless and until there will have been
delivered to the Executive a copy of a resolution duly adopted by the
affirmative vote of not less than three-quarters of the entire membership of
the Board at a meeting of the Board called and held for such purpose (after
reasonable notice is provided to the Executive and the Executive is given an
opportunity, together with counsel, to be heard before the Board), finding
that, in the good faith opinion of the Board, the Executive is guilty of the
conduct described in subparagraph (i) or (ii) above, and specifying the
particulars thereof in detail.

(c)  Good
Reason.  During the Employment
Period, the Executive may terminate his or her employment with the Company (by
resignation or retirement) for Good Reason. 
For purposes of this Agreement, “Good Reason”
means:

(i)  the assignment to the Executive of any duties
inconsistent in any respect with the Executive’s position (including status,
offices, titles, and reporting requirements), authority, duties, or
responsibilities as contemplated by Section 4(a) of this Agreement, or any
other action by the Company which results in a diminution in such position,
authority, duties, or responsibilities, excluding for this purpose an isolated,
insubstantial and inadvertent action not taken in bad faith and which is
remedied by the Company promptly after receipt of notice thereof given by the
Executive;

(ii)  the Company’s failure to comply with any of
the provisions of Section 4(b) of this Agreement, other than an isolated,
insubstantial, and inadvertent failure not occurring in bad faith and which is
remedied by the Company promptly after receipt of notice thereof given by the
Executive;

(iii)
the Company’s reduction of the Executive’s Annual Base Salary, Annual Bonus,
Opportunities, Retirement Benefits or Welfare Benefits without Cause;

(iv)
the Company’s failure to continue in effect any Incentive Compensation Plan
(other than equity-based plans), Retirement Plan or Savings Plan in which
Executive was eligible to participate on the Change of Control Date, unless an
equitable on-going substitute or alternative plan applicable to the Executive
was previously adopted by the Company;

(v)  the Company’s requiring the Executive to be
based at any office or location other than as provided in Section 4(a)(i)(B)
hereof or the Company’s requiring the Executive to travel on Company business
to a substantially greater extent than required immediately prior to the Change
of Control Date;

(vi)  any purported termination by the Com­pany of
the Executive’s employment otherwise than as expressly permitted by this
Agreement; or

 9
 

(vii)  any failure by the Company to comply with and
satisfy Section 14(c) of this Agreement.

For purposes of this Section 5(c), any good faith determination of Good
Reason made by the Executive will be conclusive.  Notwithstanding any other provision of this
Agreement, the Executive’s resignation or termination for any reason whatsoever
during the 12-month period following the Change of Control Date will be deemed
to be a termination for Good Reason for all purposes of this Agreement.

The Executive’s continued employment during the Employment Period will
not constitute and will not deemed to be consent to or a waiver of rights with
respect to any fact or circumstance constituting grounds for the Executive’s
termination of his or her employment pursuant to this Section 5(c).

(d) Executive’s Right To Terminate During
Disability.  The Executive’s
Disability during the Employment Period will not end or otherwise impair his or
her right to terminate his or her employment with the Company based on any fact
or circumstance constituting grounds for such termination pursuant to Section
5(c).

(e) Notice of Termination.  Any termination by the Company for Cause, or
by the Executive for Good Reason, will be communicated by Notice of Termination
to the other party hereto given in accordance with Section 12(b) of this
Agreement.  The failure by the Executive
or the Company to set forth in the Notice of Termination any fact or
circumstance which contributes to a showing of Good Reason or Cause will not
waive any right of the Executive or the Company, respectively, hereunder or
preclude the Executive or the Company, respectively, from asserting such fact
or circum­stance in enforcing the Executive’s or the Company’s rights
hereunder.

6.     Obligations
of the Company Upon Termination.

(a)  Good
Reason; Other Than for Cause, Death or Disability.  If, during the Employment Period, the Company
termi­nates the Executive’s employment other than for Cause or Disability or
the Executive terminates employment for Good Reason:

(i)  the Company will pay to the Executive the sum
of the following amounts:

A.  the sum of (1) the Executive’s Annual Base
Salary through the Date of Termination to the extent not theretofore paid, (2)
the product of (x) the Annual Bonus, and (y) a fraction, the numerator of which
is the number of days in the current fiscal year through the Date of
Termination, and the denominator of which is 365, in each case to the extent
not theretofore paid and (3) any compensation previously deferred by the
Executive (together with any accrued interest or earnings thereon), any awards
under the Management Incentive Compensation Plan or any comparable or successor
plan and any accrued vacation pay, in each case to the extent not theretofore
paid (the sum of the amounts described in clauses (1), (2), and (3) shall be
hereinafter referred to as the “Accrued Obligations”); and

B.  The lump sum cash amount equal to the product
of (1) three and (2) the sum of (x) the Executive’s Annual Base Salary and (y)
the Annual Bonus, or if higher, any bonus paid with respect to any fiscal year
during the Employment Period; and

C.  Utilizing actuarial assumptions no less
favorable to the Executive than those in effect immediately prior to the Change
of Control Date, a lump sum cash amount equal to the excess of (a) the
actuarial equivalent of the benefit under the Company’s Retirement Plan and
SERP which the Executive would receive if the Executive’s employment 

 10
 

continued
for two years after the Date of Termination assuming for this purpose that all
accrued benefits are fully vested, and, assuming that the Executive’s
compensation in each of the two years is that required by Section 4(b)(i) and
Section 4(b)(ii), over (b) the actuarial equivalent of the Executive’s actual
benefit (paid or payable), if any, under the Retirement Plan and the SERP as of
the Date of Termination;

(ii)  for two years after the Executive’s Date of
Termination, or such longer period as may be provided by the terms of the
appropriate Welfare Benefit Plan, the Company will continue benefits to the
Executive and/or the Executive’s family at least equal to those which would
have been provided to them in accordance with the Welfare Benefit Plans
described in Section 4(b)(iv) of this Agreement if the Executive’s employment
had not been terminated or, if more favorable to the Executive, as in effect
generally at any time thereafter with respect to other peer executives of the
Company and their families, provided, however, that if the Executive becomes
reemployed with another employer and is eligible to receive medical or other
welfare benefits under another employer’s plan, the Welfare Benefits described
in this Section 6(c)(ii) will be secondary to those provided under such other
plan during such applicable period of eligibility.  For purposes of determining eligibility (but
not the time of commencement of benefits) of the Executive for Retirement
Benefits, the Executive will be considered to have remained employed by the
Company until two years after the Date of Termination and to have retired on
the last day of such period.  At the
termination of the medical and dental benefits described in this Section
4.2(b)(ii), the Executive and his or her family will be entitled to
continuation coverage pursuant to IRC Section 4980B, ERISA Sections 601-608 and
under any other applicable law as if the Termination Date was the date on which
such medical and dental benefits expired. 
In the event you are ineligible under the terms of such benefit plans or
programs to continue to be so covered, the Company will provide you with
substantially equivalent coverage through other sources or will provide you
with a lump-sum payment in such amount that, after all income taxes on that
amount, will be equal to the cost of providing yourself such benefit
coverage.  The lump sum will be
determined on a present value basis using the interest rate provided in IRC Section
1274(b)(2)(B) as of the Date of Termination.

(iii)  the Company will, at its sole expense and up
to the end of the second calendar year after the calendar year containing the
Date of Termination, provide the Executive with reasonable outplacement services
the scope and provider of which will be selected by the Executive in his or her
sole discretion; and

(iv)  subject to Section 9(b), the Company will pay
or provide to the Executive any other amounts or benefits required to be paid
or provided or which the Executive is eligible to receive under any plan,
program, policy, or practice or contract or agreement of the Company (such
other amounts and benefits will be hereinafter referred to as the “Other Benefits”).

(b)  Death.  If the Executive’s employment is terminated
by reason of the Executive’s death during the Employment Period, this Agreement
will terminate without further obligations to the Executive’s legal
representatives under this Agreement, other than for payment of Accrued
Obligations and the timely payment or provision of Other Benefits.  Accrued Obligations will be paid to the
Executive’s estate or beneficiary, as applicable, in a lump sum in cash.  With respect to the provision of Other
Benefits, the term Other Benefits as utilized in this Section 6(b) will
include, without limitation, and the Executive’s estate and/or beneficiaries
will be entitled to receive, benefits at least equal to the most favorable
benefits provided by the Company to the estates and beneficiaries of peer
executives of the Company and such affiliated companies under such plans,
programs, practices, and policies relating to death benefits, if any, as in
effect with respect to other peer executives and their beneficiaries at any 

 11
 

time during the 120-day period immediately preceding
the Change of Control Date or, if more favorable to the Executive’s estate
and/or the Executive’s beneficiaries, as in effect on the date of the Executive’s
death with respect to other peer executives of the Company and their
beneficiaries.

(c)  Disability.  If the Executive’s employment is terminated
by reason of the Executive’s Disability during the Employment Period, this
Agreement will terminate with­out further obligations to the Executive, other
than for payment of Accrued Obligations and the timely payment or provision of
Other Benefits.  Accrued Obligations will
be paid to the Executive in a lump sum in cash. 
With respect to the provision of Other Benefits, the term Other Benefits
as utilized in this Section 6(c) will include, and the Executive will be
entitled after the Disability Effective Date to receive, disability and other
benefits at least equal to the most favorable of those generally provided by
the Company to disabled executives and/or their families in accordance with
such plans, programs, practices, and policies relating to disability, if any,
as in effect generally with respect to other peer executives and their families
at any time during the 120-day period immediately preceding the Change of
Control Date or, if more favorable to the Executive and/or the Executive’s
family, as in effect at any time thereafter generally with respect to other
peer executives of the Company and their families.

(d)  Cause;
Other than for Good Reason.  If the
Executive’s employment is terminated for Cause during the Employment Period or
if the Executive volun­tarily terminates employment during the Employment
Period, excluding a termination for Good Reason, this Agreement will terminate
without further obligations to the Executive other than the obligation to pay
to the Executive the sum of (x) his or her Annual Base Salary through the Date
of Termination, (y) the amount of any compensation previously deferred by the
Executive, and (z) Other Benefits, in each case to the extent theretofore
unpaid.  In such case, all Accrued
Obligations will be paid to the Executive in a lump sum in cash.

7.     Conditional
Cap On Payments.

(a) 
Subject to Section 7(b), if it is determined that any payment or
distribution in the nature of Section 280G Compensation by the Company to or
for the benefit of the Executive (whether paid or payable or distributed or
distributable pursuant to the terms of this Agreement or otherwise, but
determined without regard to any additional payments required under this
Section 7) (a “Payment”) would constitute an Excess Parachute Payment and, but for this Section 7, would
be subject to Excise Tax, then such Payments will be reduced to the Reduced
Amount but only if, by reason of such reduction, the net after-tax benefit to
the Executive exceeds the net after-tax benefit which would be received by the
Executive if no such reduction was made. 
For the purposes of this Section 7, the term “net
after-tax benefit” means (i) the
total Payments the Executive receives or is entitled to receive that would
constitute Parachute Payments less (ii) the amount of all federal, state and
local income and employment taxes payable by the Executive with respect to the
total Payments calculated at the highest marginal income tax rate for each year
in which the Payments will be paid to the Executive (based on the rate in
effect for such year as set forth in the IRC as in effect at the time of the
first Payment), less (iii) the Excise Taxes imposed by IRC Section 4999 with
respect to the Payments.  Unless the
Executive elects another reduction method by giving written notice thereof to
the Company prior to the Change of Control Date, the Company will reduce the
Payments to the Reduced Amount by first reducing Payments that are not payable
in cash and then by reducing cash Payments. 
Only amounts payable under this Agreement that are Section 280G
Compensation and are contingent on a Section 280G Change of Control will be
reduced pursuant to this Section 7(a).

 12
 

(b) All determinations required to be made
under this Section 7, including whether and when Payments will be reduced to
the Reduced Amount and the amount of such reduction and the assumptions to be
utilized in arriving at such determination, will be made by the Accounting Firm
which will provide detailed supporting calculations both to the Company and the
Executive within 15 business days of the receipt of notice from the Company
that there will be a Payment, or at such earlier time as the Company may
request.  In the event that the
Accounting Firm is serving as accountant or auditor for the individual, entity,
or group effecting the Change of Control, the Executive will appoint another
independent certified accounting firm to make the determinations required
hereunder.  All fees and expenses of the
Accounting Firm will be borne solely by the Company.  Subject to Section 7(c), the Accounting Firm’s
determination will be conclusive and binding upon the Company and the
Executive.

(c)  If
the IRS determines that Executive is liable for Excise Tax as a result of
receipt of a Payment, Executive will be obligated to pay to the Company the
smallest such amount, if any, as is required to be paid to the Company so that
the Executive’s net proceeds with respect to any Payments (after taking the
payment of the Excise Tax on such Payments) is maximized (the “Repayment Amount”); provided, however, that the Repayment
Amount will be zero if a Repayment Amount greater than zero would not eliminate
the Excise Tax imposed on such Payment. 
If the Repayment Amount is greater than zero, the Executive will pay
that amount within 30 days of the date that the Executive enters into a binding
agreement with the IRS as to the amount of the Executive’s Excise Tax liability
or within 30 days of receiving a final determination by the IRS or a court of
competent jurisdiction requiring the Executive to pay the Excise Tax with
respect to a Payment from which no appeal is available or is timely taken.  If the Excise Tax is not eliminated through
the payment of the Repayment Amount, the Executive will pay the Excise Tax.

8.  Timing
of Payments Due To Executive; Taxes.

(a) 
Subject to Section 8(b) of this Agreement, payments to be made by the
Company to the Executive or his or her legal representative, estate or
beneficiary under Section 6(a)(i) of this Agreement will be made not later than
30 days after the Date of Termination. 
All other payments to be made by the Company to the Executive or his or
her legal representative, estate or beneficiary pursuant to this Agreement will
be made at the time and in the manner specified herein or in the applicable
Plan.

(b) 
Notwithstanding anything to the contrary in this Agreement, any cash
payments (other than Accrued Obligations) due to the Executive under this
Agreement on or within the 6-month period following the Executive’s termination
will accrue during such 6-month period and will become payable in a lump sum
cash payment on the date 6 months and 1 business day following the Date of
Termination, provided, however, that such payments will be made earlier (at the
times and in the manner specified in Section 8(a)) if the Executive advises the
Company in writing that, after consulting with his or her legal and tax
advisers, the Executive has determined that such earlier payment will not
result in the imposition of the tax described in IRC Section 409A.  In addition, this Agreement will be deemed
amended to the extent necessary to avoid imposition of any tax or income
recognition under IRC Section 409A prior to actual payment.

(c) 
If, for any reason, the taxes described in IRC Section 409A are imposed
with respect to payments due to the Executive or his or her legal
representative, estate or beneficiaries, the Executive and his or her legal
representative, estate and beneficiary are solely responsible for payment of such
taxes and any interest or penalties related thereto.  Subject to Section 7, all federal, state,
local and foreign taxes are the sole responsibility of the Executive and his or
her legal representative, estate or beneficiaries.

(d) 
The Company may withhold from any amounts payable under this Agreement
such federal, state, local or foreign taxes as are required to be withheld
pursuant to applicable laws and regulations.

 13
 

9.     Non-exclusivity of Rights; No Double
Benefits.

(a)  Subject
to Section 9(b), nothing in this Agreement prevents or limits the Executive’s
continuing or future participation in any Plan maintained by the Company and
for which the Executive may qualify, nor will anything herein limit or
otherwise affect such rights as the Executive may have under any contract or
agreement with the Company.  Amounts
which are vested benefits or which the Executive is otherwise entitled to
receive under any  the Company at or subsequent
to the Date of Termination will be payable in accordance with the applicable
Plan unless this Agreement provides otherwise.

(b)  If, in
addition to this Agreement, another agreement requires the Company to make  payments or provide other benefits to the
Executive as a result of a Change of Control or, if a Severance Plan requires
the Company to make payments or provide other benefits to the Executive on
termination of the Executive’s employment for reasons other than Cause, the
Executive will receive the benefits of this Agreement if and only the Executive
waives in writing all rights to the benefits of such other agreement or
Severance Plan.  The Company shall also
have the right to offset the benefits of this Agreement in the absence of such
a waiver.

10.   No
Offsets.  Excepted as provided under
Section 9(b), the Company’s obligation to make the payments provided for in
this Agreement and otherwise to perform its obligations hereunder will not be
affected by any set-off, counterclaim, recoupment, defense, or other claim,
right, or action which the Company may have against the Executive or others.

11.   Mitigation
Not Required.  In no event will the
Executive be obligated to seek other employment or take any other action by way
of mitigation of the amounts payable to the Executive under any of the
provisions of this Agreement and such amounts will not be reduced whether or
not the Executive obtains other employment.

12.   Compensation
During Dispute; Legal Fees.

(a)  Subject
to Section 8(b), in the event of a Dispute, the Company will pay the Executive
fifty percent (50%) of  the amounts
payable under Section 6 and will provide the Executive with all of the benefits
specified in Section 6 if, but only if, the Executive agrees in writing that,
if the Dispute is resolved in the Company’s favor, the Executive will promptly
reimburse the Company for the excess payments and benefits together with
interest thereon at the rate specified in IRC Section 1274(d).  If the Dispute is resolved in the Executive’s
favor, the Company will promptly pay the Executive the amount that was withheld
during the Dispute together with interest thereon at the rate specified in IRC
Section 1274(d).

(b)  The
Company agrees to pay as incurred, to the full extent permitted by law, all
legal fees and expenses which the Executive may reasonably incur as a result of
any contest (regardless of the outcome thereof) by the Company, the Executive
or others of the validity or enforceability of, or liability under, any
provision of this Agreement or any guarantee of performance thereof (including
as a result of any contest by the Executive about the amount of any payment
pursuant to this Agreement), plus in each case interest on any delayed pay­ment
at the applicable rate set forth in IRC Section 7872(f)(2)(A).

13.    At
Will Employment; Termination.  The
Executive and the Company acknowledge and agree that the employment of the
Executive by the Company is “at will” and the Executive’s employment and/or
this Agreement may be terminated by either the Executive or the Company at any
time prior to the Change of Control Date, in which case the Execu­tive will
have no further rights under this Agreement.

 14
 

14.   Successors.

(a)  This
Agreement is personal to the Executive and without the prior written consent of
the Company cannot be assigned or otherwise transferred by the Executive except
by will or the laws of descent and distribution.  This Agreement will inure to the benefit of
and be enforceable by the Executive’s legal representatives, estate and
beneficiaries.

(b) 
This Agreement will inure to the benefit of and be binding upon the
Company, its Successors and assigns.

(c) 
The Company will require any Successor to expressly assume and agree to
perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no Change of Control had occurred.

15.  Confidential
Information.  The Executive will hold
in a fiduciary capacity for the benefit of the Company all secret or
confidential information, knowledge, or data relating to the Company, and their
respective businesses, which will have been obtained by the Executive during
the Executive’s employment by the Company and which will not be or become
public knowledge (other than by acts by the Executive or representatives of the
Executive in violation of this Agreement). 
After termination of the Executive’s employment with the Company, the
Executive will not, without the prior written consent of the Company or as may
otherwise be required by law or legal process, communicate or divulge any such
information, knowledge, or data to anyone other than the Company and those
designated by it.  In no event will an
asserted violation of the provisions of this Section 15 constitute a basis for
deferring or withholding any amounts otherwise payable to the Executive under
this Agreement.

16.   Miscellaneous.

(a)  This
Agreement will be governed by and construed in accordance with the laws of the
State of Delaware, without reference to principles of conflict of laws.

(b) No suit, action, proceeding or claim arising
under or by reason of this Agreement may be brought by any party or any third
party in any place other than the state or federal courts located in Seattle,
Washington.  The parties irrevocably
consent to the jurisdiction and venue of such courts in connection with any
such suit, action, proceeding or claim.

(c)  The
captions of this Agreement are not part of the provisions hereof and will have
no force or effect.  This Agreement may
not be amended or modified otherwise than by a written agreement executed by
the parties hereto or their respective successors and legal representatives.

(d) 
All notices and other communications hereunder will be in writing and
will be given by hand delivery to the other party or by registered or certified
mail, return receipt requested, postage prepaid, addressed as follows:

If
to the Executive:                     ________________

________________

________________

________________

If to the Company:                     Intermec,
Inc.

Attention:  SVP and Chief Financial
Officer
6001 36th Avenue West

Everett, WA  98203-1264

 15
 

With
a copy to:                                     Intermec, Inc.

Attention:  SVP, General Counsel and
Secretary

6001 36th Avenue
West

Everett, WA  98203-1264

or to such other address as either party will have furnished to the
other in writing in accordance herewith. 
Notice and communications will be effective when actually received by
the addressee.

(e) 
The invalidity or unenforceability of any provision of this Agreement
will not affect the validity or enforceability of any other provision of this
Agreement.

(f) 
The Executive’s or the Company’s failure to insist upon strict
compliance with any provision of this Agreement or the failure to assert any
right the Executive or the Company may have hereunder, including, without
limitation, the right of the Executive to terminate employment for Good Reason
pursuant to Section 5(c)(i)-(vii) of this Agreement, will not be deemed to be a
waiver of such provision or right or any other provision or right of this
Agreement.

(g) This Agreement supercedes the Original
Agreement in its entirety.  Furthermore,
this Agreement constitutes a single, integrated contract expressing the entire
agreement of the parties with respect to the subject matter hereof and
supercedes all prior or contemporaneous oral and written agreements and
discussions with respect to the subject matter hereof and, except as explicitly
set forth herein, there are no other agreements, written or oral, express or
implied between the parties with respect to the subject matter of this
Agreement.

IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant to
the authorization from its Board of Directors, the Company has caused these
presents to be executed in its name on its behalf, all as of the day and year
first above written.

	
   

  	
  

  
	
   

  	
  [Executive]

  
	
   

  	
   

  
	
   

  	
  Intermec,
  Inc.

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Lanny H. Michael

  
	
   

  	
   

  	
  Senior Vice
  President and

  
	
   

  	
   

  	
  Chief Financial
  Officer

  

 

06COCFORM

 

 16

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