Document:

SEPARATION
AGREEMENT

AND
GENERAL RELEASE OF ALL CLAIMS

 

This
Separation Agreement and General Release of Claims (“Agreement”) is made by and between NTN BUZZTIME, INC. on behalf
of itself and its affiliates (“Buzztime” or “the Company”) and David Miller (“Employee”)
with respect to the following facts:

 

A.
Employee is employed by the Company in a Senior Vice President of Marketing role. Employee’s employment with the Company
will terminate effective December 1, 2017.

 

B.
The Company wishes to assist Employee’s transition to other employment. To facilitate this transition, the Company is offering
Employee a severance payment as described below provided Employee executes this Agreement within 21 days after receipt of this
Agreement, does not exercise the right to revoke it, and remains in compliance with its terms.

 

C.
This Agreement is presented to Employee on December 1, 2017.

 

Company
and Employee agree:

 

1.
 Severance Payment. In exchange for Employee’s
agreement to, and compliance with, the terms of this Agreement, the Company shall provide Employee with the following:

 

1.1
The Company will pay Employee a severance payment equivalent to 4 (four) weeks normal wages to which the Employee is not otherwise
entitled, in the gross amount of $16,923.07 less all appropriate federal and state tax withholdings (the “Severance Payment”).
Employee agrees that this Severance Payment is adequate consideration for the promises and representations made in this Agreement.
The Severance Payment will be made in a lump sum on the first payday that is at least five business days following the Effective
Date as defined in paragraph 6.4 below.

 

2.
General Release.

 

2.1
Employee unconditionally, irrevocably and absolutely releases and discharges the Company, and any parent and subsidiary corporations,
divisions and other affiliated entities of the Company, past and present, as well as the Company’s employees, officers,
directors, agents, attorneys, successors and assigns (collectively, “Released Parties”), from all claims related in
any way to the transactions or occurrences between them to date to the fullest extent permitted by law including, but not limited
to, Employee’s employment with the Company, the amount and manner of compensation paid to Employee by the Company, the termination
of Employee’s employment, and all other losses, liabilities, claims, demands and causes of action, known or unknown, suspected
or unsuspected, arising directly or indirectly out of or in any way connected with Employee’s employment with the Company.
This release is intended to have the broadest possible application and includes, but is not limited to, any tort, contract, common
law, constitutional or other statutory claims, any claim for penalties, any claim for unpaid wages, commissions, bonuses or other
employment benefits, as well as alleged violations of the California Civil Code, the California Labor Code or the federal Fair
Labor Standards Act, Title VII of the Civil Rights Act of 1964 and the California Fair Employment and Housing Act, the Americans
with Disabilities Act, the Family and Medical Leave Act, the Equal Pay Act, the Age Discrimination in Employment Act, all as amended,
and all claims for attorneys’ fees, costs and expenses. However, this release will not apply to claims for workers’
compensation benefits, unemployment insurance benefits, or any other claims that cannot lawfully be waived.

 

2.2
Employee acknowledges that Employee may discover facts or law different from, or in addition to, the facts or law that Employee
knows or believes to be true with respect to the claims released in this Agreement and agrees, nonetheless, that this Agreement
and the release contained in it shall be and remain effective in all respects despite such different or additional facts.

 

    	 

     

    

 

2.3
Employee declares and represents that Employee intends this Agreement to be final, complete, and not subject to any claim of mistake.
Employee executes this release with the full knowledge that this release covers all possible claims against the Released Parties,
to the fullest extent permitted by law.

 

2.4
Employee expressly waives Employee’s right to recover any type of personal relief from the Company, including monetary damages
or reinstatement, in any administrative action or proceeding, whether state or federal, and whether brought by Employee or on
Employee’s behalf by an administrative agency, related in any way to the matters released herein.

 

3.
California Civil Code Section 1542 Waiver.
Employee agrees that all rights under Section 1542 of the California Civil Code are expressly waived. That section provides:

 

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

 

Employee
understands that Employee is a “creditor” within the meaning of Section 1542 and that the waiver of rights under Section
1542 means that the release contained in this Agreement extends to rights and claims that Employee is currently unaware of.

 

4.
Representation Concerning Filing of Legal
Actions. Employee represents that, as of the date of this Agreement, Employee has not filed any lawsuits, complaints, petitions,
claims or other accusatory pleadings against the Company or any of the other Released Parties in any court. Employee further agrees
that, to the fullest extent permitted by law, Employee will not prosecute in any court, whether state or federal, any claim or
demand of any type related to the matters released above, it being the intention of the parties that with the execution of this
release, the Released Parties will be absolutely, unconditionally and forever discharged of and from all obligations to or on
behalf of Employee related in any way to the matters discharged herein. Employee also agrees that Employee will not voluntarily
participate in, be a witness in, be a party to, or otherwise voluntarily involve himself in any claims, potential claim or litigation
against Employer Released Parties. Employee further agrees that Employee will not voluntarily assist or encourage in any manner
whatsoever any person, party, or litigant, in any claim, potential claim or action, against Employer Released Parties. This will
not prevent Employee from responding to a legally issued subpoena.

 

5.
No Admissions. By entering into this Agreement,
the Released Parties make no admission that they have engaged, or are now engaging, in any unlawful conduct. The parties understand
and acknowledge that this Agreement is not an admission of liability and shall not be used or construed as such in any legal or
administrative proceeding.

 

6.
Older Workers’ Benefit Protection Act.
This Agreement is intended to satisfy the requirements of the Older Workers’ Benefit Protection Act, 29 U.S.C. sec. 626(f).
The following general provisions, along with the other provisions of this Agreement, are agreed to for this purpose:

 

6.1
Employee acknowledges and agrees that he has read and understands the terms of this Agreement.

 

6.2
Employee is advised that Employee should consult with an attorney before executing this Agreement, and Employee acknowledges that
Employee has obtained and considered any legal advice Employee deems necessary, such that Employee is entering into this Agreement
freely, knowingly, and voluntarily.

 

6.3
Employee acknowledges that Employee has been given at least 21 days in which to consider whether or not to enter into this Agreement.
Employee understands that, at Employee’s option, Employee may elect not to use the full 21-day consideration period.

 

    	 

     

    

 

6.4
This Agreement shall not become effective or enforceable until the eighth day after Employee signs this Agreement. In other words,
Employee may revoke his acceptance of this Agreement within seven days after the date Employee signs it. Employee’s revocation
must be in writing and received by the Director, Human Resources of Buzztime by 5:00 p.m. on the seventh day in order to be effective.
If Employee does not revoke acceptance within the seven day period, Employee’s acceptance of this Agreement becomes binding
and enforceable on the eighth day (“Effective Date”). Employee will notify the CEO in writing on or shortly after
the eighth day after he signs this Agreement as to whether Employee revoked the Agreement.

 

6.5
This Agreement does not waive or release any rights or claims that Employee may have that are based on any facts or events occurring
after the execution of this Agreement.

 

7.
Non-Solicitation of Company Employees.
For a period of one year following the termination of Employee’s employment with the Company, Employee shall not directly
or indirectly solicit, or assist any other person or business entity to directly or indirectly solicit, any Company employee or
independent contractor to terminate his or her relationship with the Company, including without limitation, by providing any person
or third party any information about Company employees, their duties, contact information, or compensation.

 

8.
Severability. If any provision of this
Agreement is determined by a court to be unenforceable, that provision shall be deemed modified to the extent necessary to allow
enforceability of the provision as so limited, it being intended that the Released Parties will receive the benefits contemplated
herein to the fullest extent permitted by law. If a deemed modification is not satisfactory in the judgment of such court, the
unenforceable provision shall be deemed deleted, and the remaining provisions of this Agreement shall remain valid and enforceable
to the fullest extent permitted by law.

 

9.
Applicable Law. The validity, interpretation
and performance of this Agreement shall be construed and interpreted according to the laws of the United States of America and
the State of California.

 

10.
Confidentiality. In further consideration
of the agreements and covenants contained in this Agreement, Employee and Company agree that the terms and conditions of this
Agreement, as well as the discussions which led to the terms and conditions of this Agreement (collectively referred to as the
“Confidential Information”) shall remain confidential as between the parties and shall not be disclosed to any other
person, with the exception of Employee’s tax advisors and attorneys, and Company’s tax advisors, attorneys, corporate
officials and managers who have need to know of the settlement because of their duties and responsibilities with Company or as
required by applicable law. When released to any such persons or entities, the party releasing the information shall advise the
person or entity that the information is confidential and is to remain confidential to the fullest extent possible under the law.
Neither the parties nor their counsel will respond to, or in any way participate in or contribute to, any public discussion, notice
or other publicity concerning the Confidential Information. In addition, Employee understands that any non-disclosure or confidentiality
agreements Employee entered into with the Company that contain post-termination obligations of Employee, including but not limited
to the Confidentiality and Inventions Agreement executed by Employee on May 3, 2016, shall remain in force in accordance with
its terms.

 

11.
Full Defense. This Agreement may be pled
as a full and complete defense to, and may be used as a basis for an injunction against, any action, suit or other proceeding
that may be prosecuted, instituted or attempted by Employee in breach hereof. Employee agrees that in the event an action or proceeding
is instituted by the Released Parties in order to enforce the terms or provisions of this Agreement, the Released Parties shall
be entitled to an award of reasonable costs and attorneys’ fees incurred in connection with enforcing this Agreement.

 

12.
General. This Agreement may be executed
in counterparts and is binding on all parties when each has signed either an original or copy of this Agreement. The parties agree
that this Agreement shall be binding on, and inure to the benefit of him or its successors, heirs and/or assigns. The parties
agree to do all things necessary and to execute all further documents necessary and appropriate to carry out and effectuate the
terms and purposes of this Agreement. This Agreement may be amended only by a written instrument executed by all parties hereto.

 

    	 

     

    

 

THE
PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE,
THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW.

 

	Dated:
    December 1, 2017 	By:
    	/s/
    David Miller
	 	 	David
    Miller

 

	 	NTN
    BUZZTIME, INC.
	 	 	 
	Dated:
    December 2, 2017 	By:
    	/s/
    Allen Wolff
	 	 	Allen
    Wolff, CFO & EVPEXHIBIT 10.14

CHANGE IN CONTROL AGREEMENT

Ther Agreement is dated as of June 7, 2016 between Urstadt Biddle Properties Inc. ("Company") and Miyun Sung ("Employee").

The Employee is currently employed by the Company and the Employee's services are valued by the Company.

The Company recognizes that the possibility of a Change in Control (as defined in Appendix A hereto) of the Company may result in the departure or distraction of the Employee, to the detriment of the Company and its shareholders.

The Company wishes to assure the Employee of fair severance should her employment terminate in certain specified circumstances following a Change in Control.

In consideration of the Employee's continued employment by the Company, and for other good and valuable consideration, the parties hereto hereby agree as follows:

	
1.

	
Termination Benefits. If the employment of the Employee is terminated by the Employee for Good Reason or by the Company for any reason other than for Cause, within 18 months following a Change in Control,

 

	
(a)

	
the Company shall pay Employee an amount equal to 12 months of Employee's rate of base salary (exclusive of any bonus or other benefit) in effect at the date of the Change in Control.  Such amount shall be payable in cash in a lump sum within 45 days after such termination; and

 

	
(b)

	
the Company shall continue in force and effect for 12 months after termination (the "Continuation of Benefits Period") and at the same level and for the benefit of the Employee's family, where applicable, all life insurance, disability, medical and other benefit programs or arrangements in which the Employee is participating or to which the Employee is entitled at the date of the Change in Control, provided that the Employee's continued participation is possible under such programs and arrangements. In the event that such continued participation is not possible, the Company shall arrange to provide the Employee with benefits similar to those which Employee would be entitled to receive under such programs and arrangements or, if the Company determines that it is impracticable to provide such similar benefits for tax or other reasons, the Company shall provide the Employee with a lump sum cash payment within 45 days of such termination in an amount equal to the cost to the Employee to purchase such benefits on her own, as determined by the Company. Without limiting the foregoing, the benefits continuation shall include a lump sum cash payment to the Employee within 45 days of such termination in lieu of Company contributions on behalf of the Employee under the Urstadt Biddle Properties Inc. Profit Sharing and Savings Plan. The amount of such payment shall be the product of (i) the number of months in the Continuation of Benefits Period and (ii) 1/12 of 5% (or such other percentage reflected in the Company's most recent annual contribution determined prior to the Change in Control) times the Employee's annual salary rate in effect immediately prior to the termination date or, if greater, the Employee's annual salary rate in effect immediately prior to the Change in Control.

Payments under ther Section 1 shall be reduced to the extent, but only to the extent, necessary to provide that no "payment in the nature of compensation" to (or for the benefit of) the Employee which is "contingent" on the Change in Control would fail to be deductible for federal income tax purposes by reason of section 280G of the Internal Revenue Code of 1986, as amended (the "Code").  As used in ther Section, the words "payment in the nature of compensation" and "contingent" shall be construed and applied in a manner consistent with the meaning of those words under section 280G of the Code and regulations thereunder. The determination as to whether and to what extent a reduction in payments under ther Section 1 is necessary to avoid the non-deductibility of any payment under section 280G of the Code shall be made at the Company's expense by PKF O'Connor Davies, a division of O'Connor Davies, LLP, certified public accountants ("PKF"), or by such other certified public accounting firm as the Compensation Committee of the directors may designate prior to a Change in Control.  In the event of any underpayment or overpayment under ther Section 1, as determined by PKF (or such other firm as may have been designated in accordance with the preceding sentence), the amount of such underpayment or overpayment shall forthwith be paid to the Employee or refunded to the Company, as the case may be, with interest at the applicable federal rate provided for in section 7872(f)(2) of the Code.

	
2.

	
Definitions. The definitions in Appendix A are hereby incorporated in ther Agreement.

 

	
3.

	
No Duty to Mitigate Damages. The Employee's benefits under ther Agreement shall be considered severance pay in consideration of her past service and her continued service from the date of ther Agreement, and her entitlement thereto shall neither be governed by any duty to mitigate her damages by seeking further employment nor offset by any compensation which she may receive from future employment.

 

	
4.

	
Withholding. Anything herein to the contrary notwithstanding, all payments required to be made by the Company hereunder to the Employee shall be subject to the withholding of such amounts, if any, relating to tax and other payroll deductions as the Company may reasonably determine it should withhold pursuant to any applicable law or regulation.  Provisions with respect to the potential applicability of Section 409A are set forth in Appendix B hereto.

 

	
5.

	
Legal Fees and Expenses; Interest. The Company shall pay all reasonable legal fees and expenses incurred by the Employee in successfully obtaining any right or benefit to which the Employee is entitled under ther Agreement.  Any amount payable under ther Agreement that is not paid when due shall accrue interest at the prime rate as from time to time in effect at The Bank of New York Mellon, until paid in full.

 

	
6.

	
Arbitration. Any dispute or controversy arising under or in connection with ther Agreement shall be settled exclusively by arbitration in New York City in accordance with the rules of the American Arbitration Association then in effect. The parties shall attempt to select a mutually agreeable arbitrator who shall promptly convene a hearing to resolve submitted disputes.  If the parties are unable to agree upon such an arbitrator within 20 days from initial contact, the American Arbitration Association shall be requested by either party to submit a list of at least seven arbitrators from which the parties shall attempt to select one by agreement.  In the event they do not so agree, they shall alternately strike names from ther list beginning with the Employee, until a single name remains. The remaining person shall be appointed to hear and decide the parties' disputes, drawing her authority and the bases for decision from ther Agreement.  The arbitrator will resolve all submitted matters in a written decision with expedition.  Judgment may be entered on the arbitrator's award in any court having jurisdiction.

 

	 
	
7.

	
Notices. All notices shall be in writing and shall be deemed given five days after mailing in the continental United States by certified mail, or upon personal receipt after delivery, facsimile or telegram, to the party entitled thereto at the address stated below or to such changed address as the addressee may have given by a similar notice:

 

	 	 

To the Company:

Urstadt Biddle Properties Inc.

321 Railroad Avenue

Greenwich, CT 06830

To the Employee:

At her home address,

as last shown on the

records of the Company

	
8.

	
Severability. In the event that any provision of ther Agreement shall be determined to be invalid or unenforceable, such provision shall be enforceable in any other jurisdiction in which valid and enforceable and in any event the remaining provisions hereof shall remain in full force and effect to the fullest extent permitted by law.

 

	
9.

	
Binding Agreement. Ther Agreement shall be binding upon and inure to the benefit of the parties and be enforceable by the Employee's personal or legal representatives or successors.  If the Employee dies while any amounts would still be payable to her hereunder, such amounts shall be paid to the Employee's estate. Ther Agreement shall not otherwise be assignable by the Employee.

 

	
10.

	
Successors. Ther Agreement shall inure to and be binding upon the Company's successors. The Company will require any successor to all or substantially all of the businesses and/or assets of the Company by sale, merger (where the Company is not the surviving entity), lease or otherwise, to assume expressly ther Agreement.  If the Company shall not obtain such agreement prior to the effectiveness of any such succession, the Employee shall have all rights resulting from termination of the Employee's employment under ther Agreement.  Ther Agreement shall not otherwise be assignable by the Company.

 

	
11.

	
Amendment or Modification; Waiver. Ther Agreement may not be amended unless agreed to in writing by the Employee and the Company.  No waiver by either party of any breach of ther Agreement shall be deemed a waiver of a subsequent breach.

 

	
12.

	
Continued Employment. Ther Agreement shall not confer upon the Employee any right of continued or future employment by the Company or any right to compensation or benefits from the Company except the right specifically stated herein to certain severance benefits, and shall not limit the right of the Company to terminate the Employee's employment at any time, except as may be otherwise provided in a written employment agreement between the Company and the Employee.

 

	
13.

	
Governing Law. The validity, interpretation, performance and enforcement of ther Agreement shall be governed by the laws of the State of New York notwithstanding that the Company's principal offices and the Employee's legal residence are in the State of Connecticut.

 

	
14.

	
Liability of Shareholders. Ther Agreement is executed by or on behalf of the directors of the Company solely in their capacity as such directors, and shall not constitute their personal obligation either jointly or severally in their individual capacities.  The shareholders, directors, officers or agents of the Company shall not be personally liable for any obligations of the Company under ther Agreement and all parties hereto shall look solely to the property of the Company for the payment of any claim hereunder.

 

	
15.

	
Entire Agreement. Ther Agreement, including the attached Appendices, represents the entire agreement between the parties concerning the subject matter of payment of severance upon the Employee's termination of employment following a Change in Control of the Company and supersedes and incorporates any and all prior agreements, both written or oral.

 

IN WITNESS WHEREOF the parties have duly executed the Agreement as of the above date.

EMPLOYEE:

     /s/ Miyun Sung

     Miyun Sung

COMPANY:

Urstadt Biddle Properties Inc.

By: /s/ Willing L. Biddle

      Willing L. Biddle

      President

APPENDIX A TO CHANGE IN CONTROL AGREEMENT

"Change in Control" shall mean the occurrence of any one of the following events:

	
(a)

	
any Person other than an "Exempted Person" becomes the owner of Common Shares which represent more than 20% of the combined voting power of the Common Shares outstanding and thereafter individuals who were not directors of the Company prior to the date such Person became a 20% owner are elected as directors pursuant to an arrangement or understanding with, or upon the request of or nomination by, such Person and constitute at least two of the directors; or

 

	 
	
(b)

	
there occurs a change in control of the Company of a nature that would be required to be reported in response to Item 5.01 of Form 8-K pursuant to Section 13 or 15 under the Securities Exchange Act of 1934 ("Exchange Act"), or in any other filing by the Company with the Securities and Exchange Commission (the "Commission"); or

 

	 
	
(c)

	
there occurs any solicitation of proxies by or on behalf of any Person other than the directors of the Company and thereafter individuals who were not directors prior to the commencement of such solicitation are elected as directors pursuant to an arrangement or understanding with, or upon the request of or nomination by, such Person and constitute at least two of the directors.

 

	 
	
(d)

	
the Company executes an agreement of acquisition, merger or consolidation which contemplates that (i) after the effective date provided for in the agreement, all or substantially all of the business and/or assets of the Company shall be owned, leased or otherwise controlled by another corporation or other entity and (ii) individuals who are directors of the Company when such agreement is executed shall not constitute a majority of the board of directors of the survivor or successor entity immediately after the effective date provided for in such agreement; provided, however, for purposes of ther paragraph (d) that if such agreement requires as a condition precedent approval by the Company's shareholders of the agreement or transaction, a Change in Control shall not be deemed to have taken place unless and until such approval is secured.

 

"Common Shares" shall mean all shares of the then outstanding Common stock and Class A Common stock of the Company plus, for purposes of determining the ownership of any Person, the number of unissued Common Shares which such Person has the right to acquire (whether such right is exercisable immediately or only after the passage of time) upon the exercise of conversion rights, exchange rights, warrants or options or otherwise.

"Exempted Person" shall mean: (i) Charles J. Urstadt; (ii) any Urstadt Family Member (as hereinafter defined); (iii) any executor, administrator, trustee or personal representative who succeeds to the estate of Charles J. Urstadt or an Urstadt Family Member as a result of the death of such individual, acting in their capacity as an executor, administrator, trustee or personal representative with respect to any such estate; (iv) a trustee, guardian or custodian holding property for the primary benefit of Charles J. Urstadt or an Urstadt Family Member; (v) any corporation, partnership, limited liability company or other business organization that is directly or indirectly controlled by one or more persons or entities described in clauses (i) through (iv) hereof and is not controlled by any other person or entity; and (vi) any charitable foundation, trust or other not-for-profit organization for which one or more persons or entities described in clauses (i) through (v) hereof controls the investment and voting decisions in respect of any interest in the Company held by such organization.   For sake of clarity with respect to clause (v) above, "control" includes the power to control the investment and voting decisions of any such corporation, partnership, limited liability

company or other business organization.

For purposes of ther definition, the term "Urstadt Family Member" shall mean and include the spouse of Charles J. Urstadt, the descendants of the parents of Charles J. Urstadt, the descendants of the parents of the spouse of Charles J. Urstadt, the spouses of any such descendant and the descendants of the parents of any spouse of a child of Charles J. Urstadt.  For ther purpose, an individual's "spouse" includes the widow or widower of such individual, and an individual's "descendants" includes biological descendants and persons deriving their status as descendants by adoption.

"Person" shall have the meaning used in Section 13(d) of the Exchange Act, as in effect on October 31, 2008.  A Person shall be deemed to be the "owner" of any Common Shares:

	
(a)

	
 of which such Person would be the "beneficial owner", as such term is defined in Rule 13d-3 promulgated by the Commission under the Exchange Act, as in effect on October 31, 2013; or

 

	
(b)

	
 of which such Person would be the "beneficial owner", as such term is defined under Section 16 of the Exchange Act and the rules of the Commission promulgated thereunder, as in effect on October 31, 2013; or

 

	
(c)

	
 which such Person or any of its Affiliates or Associates (as such terms are defined in Rule 12b-2 promulgated by the Commission under the Exchange Act, as in effect on October 31, 2013), has the right to acquire (whether such right is exercisable immediately or only after the passage of time) pursuant to any agreement, arrangement or understanding or upon the exercise of conversion rights, exchange rights, warrants or options or otherwise.

 

Termination for "Cause" shall mean termination of the Employee's employment by the Company because of dishonesty, conviction of a felony, gross neglect of duties (other than as a result of disability or death), or conflict of interest (other than any conflict of interest which has been fully disclosed to the directors and has been determined by them not to be material), which, in the case of gross neglect or conflict, shall continue for 30 days after the Company gives written notice to the Employee requesting the cessation of such gross neglect or conflict, as the case may be.

Termination for "Good Reason" shall have the following meanings:

Termination for "Good Reason" shall mean the voluntary termination by the Employee of her employment within 180 days following the occurrence of any of the events listed below by written notice (setting forth in reasonable detail the facts and circumstances claimed to provide a basis for termination for Good Reason) given within ninety (90) days after the occurrence, without the Employee's express consent, of any one of such events unless they are fully corrected within 30 days after receipt of notice thereof:

	
(a)

	
a change in the Employee's authority, duties or responsibilities which represent a material diminution in her authority, duties or responsibilities immediately prior to a Change in Control; or a change in the authority, duties or responsibilities of the person to whom the Employee reports (including, if applicable, requiring the Employee to report to an officer or employee instead of the board of directors) which represents a material diminution of such person's authority, duties or responsibilities immediately prior to a Change in Control;

	
(b)

	
a material reduction in the Employee's base salary for any fiscal year below the level of Employee's base salary in the completed fiscal year immediately preceding the Change in Control;

 

	 
	
(c)

	
any relocation of the Employee outside a 50 mile radius of the Employee's work site on the date hereof; or

 

	
(d)

	
any other material breach by the Company of any provision of ther Agreement.

APPENDIX B TO CHANGE IN CONTROL AGREEMENT:  SECTION 409A

Anything in ther Change in Control Agreement to the contrary notwithstanding:

(A)            The parties intend that all payments and benefits under ther Agreement shall be exempt from, or comply with, Section 409A of the Code and the regulations promulgated thereunder (collectively "Section 409A") and, accordingly, to the maximum extent permitted by law, ther Agreement shall be interpreted in a manner that achieves such intention.  Although the Company intends to administer ther Agreement so that it will be exempt from, or comply with, the requirements of Code Section 409A, the Company does not represent or warrant that ther Agreement will be exempt from, or otherwise comply with, Code Section 409A or any other provision of applicable law.

(B)            No amount of nonqualified deferred compensation under Section 409A shall be payable to Employee upon a termination of her employment unless such termination constitutes a "separation from service" with the Company under Section 409A.  To the maximum extent permitted by applicable law, amounts payable to Employee shall be made in reliance upon the exception for certain involuntary terminations under a separation pay plan or as a short-term deferral under Section 409A.  For purposes of Section 409A, Employee's right to receive installment payments pursuant to ther Agreement shall be treated as a right to receive a series of separate and distinct payments.  Whenever a payment under ther Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company.

(C)            If any payment, compensation or other benefit provided to the Employee in connection with her employment termination (other than termination on account of Employee's death) is determined, in whole or in part, to constitute "nonqualified deferred compensation" within the meaning of Section 409A and the Employee is a "specified employee" as defined in Section 409A(2)(B)(i) thereof, no part of such payments shall be paid before the day that is six (6) months plus one (1) day after the date of termination (the "New Payment Date").  The aggregate of any payments that otherwise would have been paid to the Employee during the period between the date of termination and the New Payment Date shall be paid to the Employee in a lump sum on such New Payment Date.  Thereafter, any payments that remain outstanding as of the day immediately following the New Payment Date shall be paid without delay over the time period originally scheduled, in accordance with the terms of ther Agreement.

(D)            To the extent that reimbursements or other in-kind benefits under ther Agreement constitute nonqualified deferred compensation, (i) all expenses or other reimbursements hereunder shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by Employee, (ii) any right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (ii) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year.

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