Document:

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                                                                   EXHIBIT 10.13

                            ENTERASYS NETWORKS, INC.
                          EXECUTIVE SEVERANCE PAY PLAN

AMENDED AND RESTATED FEBRUARY 11, 2004

I.       PURPOSE

This Plan is intended to provide benefits to certain designated Executives of
Enterasys Networks, Inc. ("Enterasys") and the Subsidiaries, as hereafter
defined, (together with Enterasys, the "Company") who become unemployed as a
result of a Qualifying Termination, as described below.

II.      ELIGIBILITY TO PARTICIPATE

                  A.       In order to be eligible to be a participant in this
                           Plan (a "Participant"), an individual must be an
                           employee of Enterasys or one of the Subsidiaries
                           (his/her "Enterasys Employer") who is regularly
                           assigned to a worksite within the United States and
                           who is either (i) employed in a position with the
                           title of director, vice president, senior vice
                           president, executive vice president, president or
                           chief executive officer or (2) currently designated,
                           in writing, by the Board of Directors of Enterasys
                           (the "Board") or the Chief Executive Officer as a
                           "Participant" for purposes of this Plan. Under no
                           circumstances will any other individual be considered
                           a Participant.

                  B.       An employee once designated a Participant shall
                           continue to be a Participant until the earlier of (a)
                           the date (provided such date is not less than 12
                           months preceding a "Qualifying Termination" as
                           hereinafter defined) on which the Board determines
                           that he or she is no longer eligible to participate
                           in the Plan (as evidenced by written notice thereof),
                           or (b) the date he or she ceases to be employed by
                           his/her Enterasys Employer; provided, that a
                           Participant who ceases to be employed by the Employer
                           under circumstances that would give rise to benefits
                           under the Plan shall continue to be treated as a
                           Participant with respect to such benefits until they
                           have been paid or provided in full (subject to the
                           Participant's continuing compliance with the Plan).

III.     QUALIFYING EVENTS

In order for a Participant to be eligible to receive benefits under this Plan,
there must have been a Qualifying Termination with respect to such Participant.
A Qualifying Termination is a termination of the Participant's employment (the
last day of such employment is referred to herein as the "Termination Date") in
which all of the following requirements are met:

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                  A.       the Participant is on the active payroll of his/her
                           Enterasys Employer or is on an approved leave of
                           absence with guaranteed reinstatement at the time
                           employment terminates; and

                  B.       the Participant's employment is terminated other than
                           for "Cause" (as hereafter defined) by his/her
                           Enterasys Employer or the Participant's employment is
                           terminated by mutual agreement, evidenced by a
                           writing signed by the Participant and an authorized
                           representative of his/her Enterasys Employer, and, in
                           either case, the Participant is not offered other
                           employment in a position with a title and
                           compensation equivalent to or higher than that which
                           he/she held with his/her Enterasys Employer
                           immediately prior to termination of his/her
                           employment, and does not accept employment in any
                           position, with (1) Enterasys or one of the
                           Affiliates, (2) a successor of Enterasys or one of
                           the Affiliates (a "Successor"), (3) a purchaser of
                           some or all of the assets of Enterasys or any of the
                           Affiliates (a "Purchaser") or (4) an Associated
                           Employer, as hereafter defined; and

                  C.       the Participant continues employment until the
                           Termination Date designated by his/her Enterasys
                           Employer, as such date may be extended from time to
                           time by his/her Enterasys Employer, in its sole
                           discretion and, during the period from the date the
                           Participant receives notice of termination until the
                           Termination Date, the Participant does not give Cause
                           for termination; and

                  D.       the Participant executes a separation agreement and
                           release of claims in the form provided by Enterasys
                           (the "Separation Agreement and Release") within
                           forty-five (45) days of the date on which the
                           Participant receives notice of termination of his or
                           her employment or receives a copy of the Separation
                           Agreement and Release, whichever is later, and,
                           having signed the Separation Agreement and Release,
                           the Participant does not timely revoke it;

                  E.       the Participant fulfills all of his or her
                           obligations to Enterasys and the Affiliates under the
                           Separation Agreement and Release, all of his or her
                           obligations to Enterasys and the Affiliates with
                           respect to confidential information, inventions,
                           non-competition, non-disparagement, non-solicitation
                           of customers and employees and the like and such
                           other obligations as may from time to time be
                           required by Enterasys or his/her Enterasys Employer;
                           and

                  F.       for a period of one year following the Termination
                           Date, the Participant does not directly or indirectly
                           solicit for employment or hire any officer, director,
                           or employee of the Company or any of its Affiliates,
                           except that the Participant shall not be precluded
                           from hiring or engaging as an independent contractor
                           any such officer, director or employee who (i)
                           initiates discussions regarding such employment
                           without any direct or indirect solicitation by the
                           Participant, (ii) responds to a public advertisement,
                           or (iii) has been terminated by the Company or its
                           Affiliates prior to commencement of employment
                           discussions.

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IV.      EXCLUSIONS

The following are examples of events which would not be a Qualifying Termination
under this Plan. This is not an exclusive list.

                  A.       The Participant resigns, retires or otherwise
                           voluntarily leaves his or her employment with his/her
                           Enterasys Employer; or

                  B.       the Participant's employment is terminated by his/her
                           Enterasys Employer for Cause; or

                  C.       the Participant's employment ends as a result of
                           death or disability or failure to return from a leave
                           of absence; or

                  D.       the Participant is offered employment with Enterasys
                           or one of the Affiliates, a Successor, a Purchaser or
                           an Associated Employer in a position with a title
                           equivalent to or higher than that which he/she held
                           immediately prior to termination of his/her
                           employment with his/her Enterasys Employer and such
                           offer is made at or about the time the Participant's
                           employment with his/her Enterasys Employer
                           terminates; or

                  E.       the Participant accepts employment, in any position,
                           with Enterasys, one of the Affiliates, a Successor, a
                           Purchaser or an Associated Employer at or about the
                           time the Participant's employment with his/her
                           Enterasys Employer terminates; or

                  F.       the Participant elects not to execute the Separation
                           Agreement and Release or, having executed it, revokes
                           it in a timely manner thereafter.

V.       BENEFITS UNDER THE PLAN

Benefits under this Plan are as described below:

                  A.       SEVERANCE PAY

                           A Participant will be entitled to severance pay as
                           follows:

                           1. Based on his/her position at the time of a
                           Qualifying Termination (or a higher position if
                           Participant was demoted from such higher position
                           without his/her consent within the 12 month period
                           immediately preceding the Termination Date), the
                           Participant will receive (a) six months' severance
                           pay, if a director; or (b) nine months' severance
                           pay, if a vice president or senior vice president; or
                           (c) twelve months' severance pay, if an executive
                           vice president, president or chief executive officer.
                           For purposes of this Plan, one month's severance pay
                           is equal to one-twelfth of a Participant's Base
                           Salary. For purposes of this Plan, "Base Salary"
                           shall mean the Participant's base salary at the
                           annual rate in effect at the time notice of
                           termination was given to Participant (or such higher
                           base salary if Participant's salary was reduced
                           without his/her consent within the 12 month period
                           preceding the Termination Date).

                           2. In addition to the foregoing, (a) the Participant
                           will receive one months' severance pay, if the
                           Participant has at least five years, but less than
                           ten years, of

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                           service with the Company as of the Termination Date;
                           or (b) the Participant will receive three months'
                           severance pay, if the Participant has ten or more
                           years of service with the Company as of the
                           Termination Date.

                           For the purpose of this Plan, years of service means
                           the total number of consecutive completed years of
                           service with the Company from the Participant's most
                           recent date of hire through the Termination Date.

                           Benefits payable to the Participant under this
                           Section V.A. shall be reduced by all taxes and other
                           amounts which are required to be withheld under
                           applicable law (and also by such amounts needed to
                           satisfy the Participant's payment obligations under
                           Section V.B. below) and shall be payable as salary
                           continuation at his/her Enterasys Employer's regular
                           payroll periods and in accordance with its regular
                           payroll practices, commencing on the next regular
                           payday which is at least five business days following
                           the latest of the (i) effective date of the
                           Separation Agreement and Release, (ii) the date the
                           Separation Agreement and Release is received by the
                           Human Resources Department of Enterasys or (iii) the
                           date the Participant has satisfied his/her
                           obligations to return all property of the Company and
                           its Affiliates in his/her possession or control, but
                           the first payment shall be retroactive to the date
                           immediately following the Participant's Termination
                           Date. Enterasys, on its own behalf and that of the
                           Subsidiaries, reserves the right in its sole
                           discretion to provide severance pay benefits under an
                           alternative payment schedule (provided such payments
                           must be made no less frequently than on a once per
                           month basis).

                  B.       MEDICAL AND DENTAL BENEFITS

                           Provided that the Participant is eligible to continue
                           his/her participation, and that of his/her eligible
                           dependents, in the group health and dental plans of
                           his/her Enterasys Employer under the federal law
                           known as the Consolidated Omnibus Budget
                           Reconciliation Act as amended ("COBRA") and exercises
                           his or her right to do so in a timely manner, then,
                           for the period in which the Participant is receiving
                           severance pay in accordance with the terms of this
                           Plan or, if earlier, until the date the Participant
                           becomes eligible for coverage under the group health
                           plan of another employer, his/her Enterasys Employer
                           will continue to pay that share of the premium cost
                           of the participation of the Participant and his/her
                           eligible dependents under its group health and dental
                           plans that his/her Enterasys Employer pays for its
                           active employees and their eligible dependents
                           generally. In the event that Enterasys, on its own
                           behalf and that of the Subsidiaries, exercises its
                           discretion to fully pay off the severance pay
                           benefits under Section V.A., above, at an earlier
                           time, however, then the Participant, in order to be
                           eligible for contributions from his/her Enterasys
                           Employer toward the premium cost of group health and
                           dental plan participation hereunder, must agree to
                           have withheld from such earlier in time severance
                           payments an amount equal to the product of (i) the
                           amount of the monthly employee contribution to the
                           premium cost of such participation multiplied by (ii)
                           the number of months of severance

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                           pay to which the Participant is receiving under the
                           earlier in time payments. In that event, and if the
                           Participant ceases to be eligible for premium
                           contributions from his/her Enterasys Employer
                           hereunder prior to the end of the period set forth in
                           clause (ii) of this Section V.B and promptly so
                           notifies his/her Enterasys Employer, the Participant
                           will be entitled to a refund from his/her Enterasys
                           Employer of any excess employee contributions over
                           the already expended premium cost of that
                           participation.

                  C.       OUTPLACEMENT SERVICES

                           Assistance in the search for new employment will be
                           provided for Participants through the services of an
                           outplacement firm or state agency. Enterasys reserves
                           the right to make the final decision as to the nature
                           and extent of assistance to be provided and the
                           designation or selection of the outplacement firm.

VI.      TERMINATION OF PLAN BENEFITS

            Notwithstanding anything to the contrary contained in this Plan,
            benefits to which a Participant is entitled under Section V of this
            Plan shall terminate under the following circumstances:

                  A.       If the Participant accepts employment with Enterasys,
                           one of the Affiliates, a Successor, a Purchaser or an
                           Associated Employer, after qualifying for benefits
                           under this Plan, all such benefits will cease as of
                           the date the Participant commences such employment.

                  B.       In the event that the Company determines, in its sole
                           discretion, that the Participant has violated any
                           obligation to which reference is made in Section
                           III.E and/or Section III.F of this Plan, all benefits
                           under this Plan shall be immediately terminated by
                           the Company, and the Participant shall reimburse
                           Enterasys, immediately following demand by the
                           Company, for the full amount of severance pay and
                           benefits received by the Participant pursuant to
                           Section V.A and V.B of the Plan. Such termination of
                           benefits and reimbursement shall not relieve the
                           Participant of any other duties or obligations under
                           this Plan and the separation agreement and release.
                           In addition, the Company shall be entitled to any
                           other remedies available at law or equity to the
                           Company.

                  C.       If this Plan is terminated or amended in any way that
                           terminates or reduces the Participant's right to
                           receive benefits hereunder, (i) for those
                           Participants who are not then receiving benefits
                           under this Plan, such elimination or reduction in
                           benefits or rights to benefits shall only become
                           effective as of the first anniversary of the date
                           such Plan termination or amendment was originally
                           approved and (ii) for those Participants then
                           actively receiving benefits under this Plan (or
                           commencing to receive benefits within one year after
                           the approval of the Plan amendment or termination),
                           such Participant shall receive unreduced benefits to
                           which

<PAGE>

                           they are entitled pursuant to the terms of the Plan
                           in effect immediately prior to such amendment.

VII.     GENERAL INFORMATION CONCERNING THE PLAN

                  A.       Enterasys and the Subsidiaries pay the full cost of
                           benefits provided under this Plan from their general
                           assets.

                  B.       Notwithstanding anything to the contrary contained
                           herein, benefits to which a Participant is otherwise
                           entitled under this Plan shall be reduced (a) by the
                           amount of any benefits payable to the Participant
                           under any contract, plan or other arrangement between
                           a Participant and Enterasys or one of the
                           Subsidiaries or any of the other Affiliates or a
                           Successor, a Purchaser or an Associated Employer as a
                           result of a termination of the Participant's
                           employment or a change of control of his/her
                           Enterasys Employer or both and (b) by any other
                           payments or benefits to which the Participant is
                           entitled under applicable law as a result of
                           termination of his/her employment, including without
                           limitation any federal, state or local law with
                           respect to plant closings, mass layoffs or group
                           benefit plan continuation following termination or
                           the like, but exclusive of any unemployment benefits
                           to which the Participant is eligible under applicable
                           law.

                  C.       Benefits under the Plan are not assignable or subject
                           to alienation. Likewise, benefits are not subject to
                           attachments by creditors or through legal process
                           against Enterasys, any of the Subsidiaries or any
                           employee.

                  D.       Notwithstanding anything to the contrary contained
                           herein, any and all payments to be provided hereunder
                           to or on behalf of any Participant are subject to
                           reduction to the extent required by applicable
                           statutes, regulations, rules and directives of
                           federal, state and other governmental and regulatory
                           bodies having jurisdiction over Enterasys or any of
                           the Subsidiaries or a successor of Enterasys or any
                           of the Subsidiaries.

                  E.       This Plan does not constitute a contract of
                           employment for a specific term or otherwise alter the
                           at-will nature of the employment relationship between
                           any employee and Enterasys or any of the
                           Subsidiaries.

                  F.       Enterasys shall have the right to act for and on
                           behalf of any or all of the Subsidiaries in all
                           matters relating to the Plan.

                  G.       This Plan shall be governed by the laws of The
                           Commonwealth of Massachusetts without regard to its
                           conflicts of laws provisions or principles.

VIII.    INFORMATION ABOUT THE STATUS OF OTHER EMPLOYEE COMPENSATION
ARRANGEMENTS AND BENEFITS AT TERMINATION

                  A.       EMPLOYEE BENEFIT PLANS.

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                           Except as otherwise provided under Section V.B above,
                           a Participant's participation in his/her Enterasys
                           Employer's employee benefit plans will end as of the
                           Termination Date, in accordance with the terms of
                           those plans. Life insurance may be convertible to an
                           individual plan. For more detailed information
                           regarding benefits issues, the Participant should
                           contact the Human Resources Department of his/her
                           Enterasys Employer.

                  B.       STOCK OPTIONS.

                           Options to purchase Enterasys stock which are vested
                           on the Termination Date and which are not yet
                           exercised, cancelled, forfeited or expired must be
                           exercised in accordance with the terms of the
                           applicable stock option plan and any other applicable
                           documents, including without limitation any limits or
                           restrictions with respect to the time in which such
                           options may be exercised. Options to purchase
                           Enterasys stock which have not vested on the
                           Termination Date are cancelled without consideration
                           as of that date.

                  C.       PTO PAY, EXPENSES, STOCK PURCHASE PLAN

                           A Participant will receive pay, at his or her Base
                           Salary, for all PTO time accrued and unused as of the
                           Termination Date, as reflected on the books of
                           his/her Enterasys Employer. Payment will be made in a
                           lump sum, less taxes and other legally required
                           deductions, on the Termination Date. A Participant
                           will also be reimbursed for any unpaid, valid
                           business expenses that were approved in accordance
                           with Company policy and will be reimbursed, without
                           interest, for any payroll deductions not yet applied
                           to the purchase of stock under the Company's employee
                           stock purchase plan pursuant to the terms of such
                           plan.

                  D.       401(k) PLAN

                           401(k) Plan contributions may not be made from
                           severance pay.

                  E.       TUITION REFUND

                           Any Participant who has begun an approved course
                           prior to a Qualifying Termination will be eligible
                           for tuition reimbursement according to the
                           then-current applicable tuition reimbursement policy.

IX.      DEFINITIONS

Words or phrases, which are initially capitalized or within quotation marks
shall have the meanings provided in this Section IX and as provided elsewhere
herein. For purposes of this Plan, the following definitions apply:

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                  A.       "Affiliates" means all individuals, corporations and
                           other entities directly or indirectly controlling,
                           controlled by or under common control with Enterasys,
                           where control may be by management authority, equity
                           interest or otherwise. The Affiliates include without
                           limitation the Subsidiaries.

                  B.       An "Associated Employer" means any corporation or
                           other entity in which Enterasys or any of the
                           Affiliates has an ownership interest or with which
                           Enterasys or any of the Affiliates is a joint venture
                           or the like or which is a customer or supplier of
                           Enterasys or any of the Affiliates or with which
                           Enterasys or any of the Affiliates has a contractual
                           relationship.

                  C.       "Cause" for termination means only (i) the
                           Participant's conviction of, or a plea of nolo
                           contendere with respect to, a crime involving moral
                           turpitude or a felony or (ii) the Participant's
                           commission of any act (or acts) of willful
                           misfeasance, fraud, embezzlement or material
                           dishonesty with respect to Enterasys or any of the
                           Affiliates or (iii) the Participant's refusal to
                           perform, or gross negligence in the performance of,
                           his/her duties to Enterasys or any of the Affiliates.

                  D.       "Subsidiaries" means only those corporations (1)
                           which are incorporated within the United States and
                           (2) are wholly owned either by Enterasys or by a
                           wholly-owned subsidiary of Enterasys and (3) are
                           either listed on Exhibit A of this Plan or have been
                           expressly designated in writing by an officer of
                           Enterasys as one of the Subsidiaries for purposes of
                           this Plan.

X.       ADMINISTRATION, CLAIMS PROCEDURE AND GENERAL INFORMATION

                  A.       Enterasys reserves the right to amend, modify and
                           terminate this Plan at any time upon the approval of
                           the Board or its designee; provided, however, that no
                           action purporting to amend or terminate the Plan that
                           is approved by the Board or its designee during the
                           12 month period immediately preceding a Participant's
                           Qualifying Termination and that, if effective, would
                           adversely affect the rights hereunder of that
                           Participant, shall affect the rights of such
                           Participant without his or her express written
                           consent.

                  B.       Enterasys, as the Plan administrator within the
                           meaning of the Employee Retirement Income Security
                           Act as amended ("ERISA"), reserves full discretion to
                           administer the Plan in all of its details, subject to
                           the requirements of law. Enterasys shall have such
                           discretionary powers as are necessary to discharge
                           its duties. Any interpretation or determination that
                           Enterasys makes regarding this Plan, including
                           without limitation determinations of eligibility,
                           participation and benefits, will be final and
                           conclusive, in the absence of clear and convincing
                           evidence that Enterasys acted arbitrarily and
                           capriciously.

                  C.       If you believe you are being denied any rights under
                           the Plans, you may file a claim in writing with
                           Enterasys, as Plan administrator. If your claim is
                           denied, in whole or in part, the Plan administrator
                           will notify you in writing, giving the specific
                           reasons for the decision, including specific

<PAGE>

                           reference to the pertinent Plan provisions and a
                           description of any additional material or information
                           necessary to perfect your claim and an explanation of
                           why such material or information is necessary. The
                           written notice will also advise you of your right to
                           request a review of your claim and the steps that
                           need to be taken if you wish to submit your claim for
                           review. If the Plan administrator does not notify you
                           of its decision within 90 days after it had received
                           your claim (or within 180 days, if special
                           circumstances exist requiring additional time, and if
                           you had been given a written explanation for the
                           extension within the initial 90-day period), you
                           should consider your claim to have been denied. At
                           this time you may request a review of the denial of
                           your claim.

                  D.       A request for review must be made in writing by you
                           or your duly authorized representative to Enterasys,
                           as Plan administrator, within 60 days after you have
                           received the notice of denial. As part of your
                           request, you may submit written issues and comments
                           to the Plan administrator, review pertinent
                           documents, and request a hearing. The Plan
                           administrator's written decision will be made within
                           60 days (or 120 days if a hearing is held or if other
                           special circumstances exist requiring more than 60
                           days and written notice of the extension is provided
                           to you within the initial 60-day period) after your
                           request has been received. Again, the decision will
                           include specific reasons, including references to
                           pertinent Plan provisions.

<PAGE>

                           EXHIBIT A

                  The following are designated as Subsidiaries for purposes of
                  the Enterasys Networks, Inc. Executive Severance Pay Plan:

                  None<PAGE>

                                                                  Exhibit 10(oo)

                              EMPLOYMENT AGREEMENT

         AGREEMENT (the "Agreement") dated this November 19, 2003 made by and
between Presstek, Inc., a Delaware corporation, its parents, subsidiaries,
divisions, or affiliated entities, successors and assigns (the "Employer"), and
Edward J. Marino (the "Employee").

         WHEREAS, the Employee is currently employed as Chief Executive Officer
and President of the Employer and a member of its Board of Directors of the
Employer and both the Employer and the Employee now wish for the Employee to
continue to be employed as Chief Executive Officer and President of the
Employer; and

         WHEREAS, the Employee wishes to continue his employment with the
Employer and the Employer wishes to continue its employment of the Employee
under the terms of this Agreement on the date this Agreement is executed by the
parties as set forth above.

         NOW, THEREFORE, in consideration of the promises hereafter contained,
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto AGREE as follows:

1.       Consideration. In consideration for the Employee's execution of this
Agreement, the Employer agrees that the Employee's employment shall continue as
set forth in this Agreement, the Employee shall be permitted access to the
Employer's confidential information and trade secrets and the Employee shall be
eligible to receive post-Term Severance Payments (Section 9) or the Change in
Control payment (Section 12) as set forth in this Agreement (subject to his
compliance with Sections 10 and 11 of this Agreement). The Employee understands,
acknowledges and agrees that the Employee would not receive the consideration
specified in this Section 1, except for the Employee's execution of this
Agreement and the fulfillment of the promises contained herein.

2.       Employment. Commencing from the date of this Agreement as set forth
above (the "Start Date"), the Employee shall continue his employment as Chief
Executive Officer and President of the Employer under this Agreement and shall
continue to serve as a member of the Board of Directors of the Employer through
the Term of this Agreement. The Employee shall render executive, policy,
operations and other management services to the Employer of the type customarily
performed by persons situated in similar executive and management capacities.
The Employee shall perform such other related duties as the Board of Directors
of the Employer may from time to time reasonably direct. In the event that
Employee's employment with the Employer is terminated under this Agreement for
any reason, the Employee shall immediately cease serving as a member of the
Board of Directors; provided, however, that the Employer may elect to continue
the Employee's membership on the Board of Directors in its sole and absolute
discretion.

3.       Employment Term. "Term," as used in this Agreement, shall refer to the
Term of this Agreement as defined in this Section. The Term of the employment
under this Agreement shall commence on the Start Date and shall initially end
three years thereafter, on the day preceding the third anniversary of the Start
Date, unless terminated sooner in accordance with the provisions hereof. The
Term of employment under this Agreement shall, on each anniversary of the Start
Date thereafter (commencing with the third anniversary of the Start Date), be
automatically extended for an additional year unless the Employer or the
Employee gives written notice to the other, at least 180 days prior to such
anniversary date, that he or it does not concur in such extension. If neither

                                       1

<PAGE>

party gives notice of non-concurrence in such extension, the Term will be
automatically extended for an additional year, unless terminated sooner in
accordance with the provisions hereof.

4.       Compensation. The Employer agrees to pay the Employee during the Term
of this Agreement an annual base salary equal to THREE HUNDRED AND FIFTY
THOUSAND U.S. DOLLARS AND ZERO CENTS ($350,000) with the salary to be reviewed
no less than annually during the Term of this Agreement by the Board of
Directors or Compensation Committee of the Employer. In the annual salary
review, the Board of Directors may compensate the Employee for increases in the
market value of the Employee's duties and responsibilities hereunder and may
provide for performance or merit increases. The base salary of the Employee
shall not be decreased at any time during the Term of this Agreement from the
amount then in effect, unless the Employee otherwise agrees in writing. The
salary shall be payable to the Employee not less frequently than monthly. All
payments and benefits in this Agreement shall be subject to all applicable
federal, state and local withholding, payroll and other taxes.

         Participation in discretionary bonuses, retirement and other employee
benefit plans and fringe benefits shall not reduce the salary payable to the
Employee under this Section 4.

5.       Discretionary Bonuses. During the Term of this Agreement, the Employee
may be entitled to receive an annual cash bonus of up to 30% of the Employee's
then annual base salary, based on the Employee's contribution to the
accomplishment of key annual corporate objectives mutually determined by the
Employee and the Employer. The determination of whether to pay a discretionary
bonus, and the amount of the bonus, if any, shall be made by the Employer in its
sole and absolute discretion. During the Term of this Agreement, the Employee
also may be entitled to participate on the same terms and conditions as other
similarly situated eligible executive employees of the Employer in any other
incentive compensation and bonus programs authorized and declared by the Board
of Directors or Compensation Committee of the Employer for executive employees.
The determination of whether the Employee is eligible to participate in any such
incentive compensation and bonus programs, and the amount of incentive
compensation and bonus paid, if any, shall be made solely by the Employer. No
other compensation provided for in this Agreement shall be deemed a substitute
for the Employee's right to participate in such incentive compensation or bonus
programs when and as declared.

6.       Participation in Retirement and Employee Benefit Plans; Fringe
Benefits.

         Subject to the eligibility requirements that may be applicable, the
Employee may be entitled to participate during the Term in any plan or
arrangement of the Employer relating to stock purchases, pension, thrift, or
profit sharing benefits, or other benefits under qualified or non-qualified
deferred compensation plans, group life insurance, medical coverage, education
or any other employee benefits that the Employer may adopt or make available for
the benefit of the Employee or of similarly situated executive employees
generally.

         The Employee may also be entitled during the Term of this Agreement to
any fringe benefits which may be or become available during the Term of this
Agreement to similarly situated executive employees of the Employer, and to the
payment or reimbursement of reasonable expenses for attending annual and
periodic meetings of trade associations, and any other benefits which are
commensurate with the duties and responsibilities to be performed by the
Employee under this Agreement.

                                       2

<PAGE>

         The Employer fully reserves its rights to change, modify or discontinue
any of its stock purchase, retirement, employee benefit or other fringe benefit
plans during the Term of this Agreement in its sole and absolute discretion, and
in accordance with applicable law.

7.       Standards. The Employee shall perform his duties and responsibilities
under this Agreement in accordance with such reasonable standards as are
established from time to time by the Board of Directors of the Employer, in its
sole and absolute discretion.

8.       Voluntary Absences; Vacations. The Employee shall be entitled to an
annual paid vacation during the Term of this Agreement of four (4) weeks per
year or such longer period as the Board of Directors may approve or such longer
periods to which the Employee may be entitled as an employee of the Employer.
The timing of paid vacations shall be scheduled in a reasonable manner by the
Employee.

9.       Termination of Employment.

         (a)(i) The Board of Directors of the Employer may terminate the
Employee's employment at any time, but any termination by the Board of Directors
other than termination for Cause (as defined in Section 9(a)(iii) below) shall
not prejudice the Employee's right to receive compensation and other benefits
under this Agreement, except as stated otherwise in this Agreement. In the event
of a termination for Cause, the Employee shall have no right to receive
compensation or other benefits, including payment of legal fees and expenses
incurred, for any period after termination for Cause except as otherwise
required by law. Regardless of the reason for the termination of the Employee's
employment, other than termination for Cause, the Employer shall continue to be
subject to any independent obligation to the Employee under any employee benefit
plan in which the Employee is then a participant.

         (ii) In the event that the Employee's employment ceases by reason of
the Employer's termination of the Employee's employment during the Term other
than for Cause, the Employer shall be obligated in lieu and replacement of the
Employee's entitlement to any compensation and other benefits under this
Agreement pursuant to Section 9(a)(i), to make severance payments to the
Employee in an amount equal to the Employee's then current annual base salary
multiplied by a fraction, the denominator of which shall be 12 and the numerator
of which shall be the number of months remaining in the Term (collectively, the
"Severance Payments"). Notwithstanding the foregoing, if the Employee's
employment ceases by reason of the Employer's termination of the Employee's
employment other than for Cause, the amount paid in Severance Payments to the
Employee under this Section shall not be less than the Employee's annual base
salary for a period of one and one-half (1-1/2) years and shall not exceed the
Employee's then annual base salary for a period of two (2) years. The amount
paid in Severance Payments to the Employee under this Section shall be paid
after termination of employment in equal monthly installments according to the
Employer's normal payroll practices then in effect. However, if either party
provides the other party with written notice of the party's non-concurrence in
the automatic extension of the Term, as set forth in Section 3 of this
Agreement, notwithstanding the foregoing, the Employer shall make Severance
Payments under this Section for a period of one (1) year. However, if the
Employer's termination of the Employee's employment without Cause occurs in
connection with, or within one and one-half (1-1/2) years after, a "Change in
Control" as defined in Section 12(b) hereof, the amount payable to the Employee
shall be determined exclusively under Section 12(a) as limited by Section 12(c)
hereof, and the Employer shall not be required to make the payments set forth in
this Section. The Severance Payments under this Section 9(a)(ii) shall not be
reduced by any compensation which

                                       3

<PAGE>

the Employee may receive for other employment with another employer after
termination of his employment with the Employer. In addition, the Employee shall
be entitled to have all existing retirement or employee benefits of the type
referred to in Section 6 hereof continued for the remainder of the Term when the
Agreement is terminated, except as otherwise required by law or provided in the
related retirement or other employee benefit plans or agreements.
Notwithstanding the foregoing, the Employer shall have no obligation to make any
contributions to any retirement plan applicable to the Employee after the date
the Employee ceases to be employed by the Employer. In the event of a retirement
plan, the Employee shall be entitled to contributions made by the Employer to
the retirement plan on the Employee's behalf prior to the date of the Employee's
termination, which have vested and for which the Employee is otherwise eligible
in accordance with the written terms of the official plan documents governing
any applicable retirement plan. The Employer shall have no obligation to make
the Severance Payments set forth in this Section unless the Employee fully
complies with his obligations under this Agreement, including, but not limited
to, his obligations under Sections 10 and 11 of this Agreement.

         (iii) References in this Agreement to "termination for Cause" shall
mean termination on account of acts or omissions of the Employee which
constitute Cause as defined below. Any determination with respect to a
termination for Cause shall require the approval of the Board of Directors of
the Employer. "Cause" shall mean any of the following:

                  (A)      conviction of a felony,

                  (B)      theft from the Employer,

                  (C)      breach of fiduciary duty involving personal profit,

                  (D)      sustained and continuous conduct by the Employee
                           which adversely affects the reputation of the
                           Employer,

                  (E)      continued failure of the Employee to substantially
                           and satisfactorily perform his duties or obligations
                           under this Agreement following twenty (20) days'
                           notice by the Employer to the Employee and a failure
                           by the Employee to correct the deficiency cited in
                           such notice (other than any such failure resulting
                           from the Employee's incapacity due to physical or
                           mental illness).

         (b)      The Employee shall have no right to terminate his employment
under this Agreement prior to the end of the Term of this Agreement, unless such
termination is either for Good Reason (as described in Section 12(a) hereof) in
connection with, or within one and one-half (1-1/2) years after, a Change in
Control or approved by the Board of Directors of the Employer. In the event that
the Employee violates this provision, or in the event that the Employee is
terminated for Cause, the Employee shall be entitled to no further payments
pursuant to this Agreement.

         (c)      The Employee's employment under this Agreement may also cease
prior to the end of the Term of this Agreement in the event of the Employee's
death or upon the Employee becoming "Totally Disabled." For purposes of this
Agreement, the Employee shall be "Totally Disabled" as of the date he becomes
entitled to receive disability benefits under the Employer's long term
disability plan. In the event that the Employee's employment is terminated by
his death or upon becoming "Totally Disabled," the Employee shall be entitled to
receive (i) any accrued but unpaid salary for services rendered to the date of
termination as determined pursuant to Section 4, (ii) any vacation accrued under
the Employer's policy to the date of termination, and (iii) any accrued but
unpaid

                                       4

<PAGE>

expenses pursuant to Section 14 of this Agreement. The benefits to which the
Employee may be entitled upon termination pursuant to the plans and arrangements
referred to in Section 6 of this Agreement shall be determined and paid in
accordance with the terms of such plans and arrangements.

         (d)      The Employer shall have no obligation to make the payments set
forth herein if the Employee is in material breach of the Employee's obligations
under this Agreement. The Employee shall be obligated to execute a general
release of claims in favor of the Employer, its current and former parents,
subsidiaries, subdivisions, divisions, shareholders, Board of Directors, or
affiliated entities or persons, and the current and former directors, officers,
employees and agents of the Employer, in a form acceptable to the Employer (the
"Release"), as a condition to receiving the Severance Payments described above.

10.      Confidential Information and Non-Competition.

                  (a)      "Confidential Information" shall mean trade secrets
or confidential information relating to the Employer, its customers, affiliates
and their respective businesses, including, but not limited to, the identity of
the Employer's customers; the entity of distributors and suppliers of the
Employer; the identity of representatives responsible for entering into
contracts with the Employer; specific customer, distributor and supplier needs
and requirements; the details of contracts and proposals between the Employer
and its customers, distributors and suppliers; selling and marketing strategies,
prices, costs, and profit margins; the names, addresses and other contact
information of purchasing agents, vendors or other entities; purchasing
techniques, methods, procedures and processes, manufacturing and production
techniques, methods, procedures and processes; other techniques, methodologies
and processes used by the Employer in the conduct of its business; techniques,
methods, procedures, know-how, show-how, prototypes and technical
specifications; computer data, software, software codes, computer models,
research projects, data processing and other programs; production and
manufacturing equipment and operating practices; information with respect to
products and product formulae, designs, plans for future business, new business,
products or other developments; new or innovative ideas, customer proposals,
marketing plans and ideas, future developments or strategies; information
pertaining to research and development, acquisitions or divestitures, marketing
and sales, cost cutting, revenue generation, or other matters concerning the
Employer's planning and strategy; and other nonpublic financial and other
information of the Employer disclosed to or known by the Employee as a
consequence of or through the Employee's employment (or other service
relationship) with the Employer (including information conceived, originated,
discovered or developed by the Employee), which information is not generally
known in the relevant trade or industry or public knowledge. The Employee
acknowledges and agrees that the Confidential Information is not generally known
or available to the public, but has been developed, compiled or acquired by the
Employer at its great effort and expense. Confidential Information can be in any
form: oral, written or machine readable, including electronic files.

                  (b)      The Employee acknowledges and agrees that the
Employer is engaged in a highly competitive business and that its competitive
position depends upon its ability to maintain the confidentiality of the
Confidential Information and Trade Secrets which were developed, compiled and
acquired by the Employer at its great effort and expense. The Employee further
acknowledges and agrees that any disclosure, divulging, revelation or use of any
of the Confidential Information, other than in connection with the Employer's
business or as specifically authorized by the Employer, will be highly
detrimental to the Employer, and that serious loss of business and goodwill and

                                       5

<PAGE>

pecuniary damage may result therefrom. During the Employee's employment with the
Employer and thereafter, the Employee shall hold for the benefit of the
Employer, and not for the Employee's own benefit or disclosure to third parties,
all Confidential Information relating to the Employer and its business,
including all Confidential Information of customers of the Employer (i) obtained
by the Employee during the Employee's employment with the Employer and (ii) not
otherwise public knowledge or generally known in the trade or industry. The
Employee shall not, without the prior written consent of the Employer, unless
compelled pursuant to the order of a court or other governmental or legal body
having jurisdiction over such matter, communicate or divulge any such
Confidential Information to anyone other than the Employer and those designated
by it. In the event the Employee is compelled by order of a court or other
governmental or legal body to communicate or divulge any such Confidential
Information to anyone other than the Employer and those designated by it, the
Employee shall promptly notify the Employer of any such order and the Employee
shall cooperate fully with the Employer in protecting such information to the
extent possible under applicable law and will only disclose that portion of the
Confidential Information necessary to satisfy any such order.

                  (c)      Upon termination of the Employee's employment with
the Company, or at any time the Company requests, all equipment, property,
documents, files, records, notes, memoranda, designs, reports, price lists, cost
sheets, prototypes, blue prints, technical specifications, estimates, databases,
home office equipment, automobiles, computer equipment, computer files, computer
programs, plans, other documents, and all other property and Confidential
Information of the Employer (including all copies in all forms in the Employee's
possession or control), whether prepared by the Employee solely or jointly with
others, shall be left with or promptly returned to the Employer and shall at all
times be the property of the Employer.

                  (d)      The Employee acknowledges and agrees that the
Employer is engaged in a highly competitive business, and by virtue of the
Employee's position and responsibilities with the Employer, and the Employee's
access to Confidential Information, the Employee's engaging in any business
which is directly or indirectly competitive with the Employer will cause it
great and irreparable harm. During the period of employment as an officer and/or
employee of the Employer, the Employee will devote his available business time
and best efforts to promoting and advancing the business of the Employer. During
the Term of this Agreement and for the duration of the Severance Payments made
to the Employee in accordance with Section 9, or in the event of a Change in
Control in accordance with Section 12 for a period of two (2) years, the
Employee agrees that he or she will not, in any jurisdiction around the world in
which the Employer conducts business, whether alone or as a partner, officer,
director, consultant, agent, employee or stockholder of any company or other
commercial enterprise, engage in any business or other commercial activity which
is or may be competitive with the products and services being designed,
conceived, marketed, distributed or developed by the Employer at the time of
termination of such employment, unless written approval is obtained from the
Company's Board of Directors. Notwithstanding the foregoing, if either party
provides the other party with written notice of the non-concurrence in the
automatic extension of the Term, as set forth in Section 3 of this Agreement,
the duration of the restriction in this Section 12(d) shall be for the duration
of the Term and for a period of one (1) year from the date of expiration of the
Term. For purposes of this Section, competitive products and services shall be
defined to mean non-photographic imaging, computer-to-plate, direct-to-press,
thermal laser or chemistry-free printing plate technology products and services,
or any other products and services substantially similar to the products and
services designed, conceived, marketed, distributed or developed by the Employer
at the time of termination of the Employee's employment. The Employee
acknowledges, understands and agrees that accepting such competitive employment
would cause him to inevitably use,

                                       6

<PAGE>

misappropriate and disclose the Employer's Confidential Information which the
Employee came to learn during his employment with the Employer.

                  (e)      The Employee acknowledges and agrees that during the
course and solely as a result of the Employee's employment with the Employer,
the Employee has and will become aware of some, most or all of the customers of
the Employer, their names and addresses, their representatives responsible for
engaging the services of the Employer and their specific needs and requirements.
The Employee further acknowledges and agrees that the loss of such customers
will cause the Employer serious loss of business and will be detrimental to the
Employer's goodwill and will cause great and irreparable harm. During the Term
of this Agreement and for a period of two (2) years after termination of
employment (for any reason whatsoever), the Employee will not directly or
indirectly either for himself or for any other person or commercial enterprise
(1) divert or take away, or attempt to divert or take away, any of the
Employer's customers or business in existence at the time of termination of such
employment that the Employee had contact with, for whom the Employee performed
services during his employment with the Employer and/or that were made known to
the Employee by the Employer during his employment with the Employer; and/or (2)
solicit or attempt to solicit, ask for, accept, or seek to do business with, for
the purpose or effect of engaging in competition with the Employer, any of the
Employer's customers or business in existence at the time of termination of such
employment with whom the Employee had contact, for whom the Employee performed
services during his employment with the Employer and/or that were made known to
the Employee by the Employer during his employment.

                  (f)      The Employee acknowledges and agrees that during the
course and solely as a result of the Employee's employment with the Employer,
the Employee has and will become aware of some, most or all of the employees of
the Employer, and has and will acquire knowledge of their qualifications,
skills, abilities, salaries, commissions, benefits and other matters with
respect to such employees not generally known to the public. The Employee
further acknowledges and agrees that any solicitation, luring away or hiring of
such employees of the Employer will cause serious loss of business and will be
detrimental to the Employer's goodwill and will cause great and irreparable
harm. During the Term of this Agreement and for a period of two (2) years after
termination of employment (for any reason whatsoever), the Employee will not
directly or indirectly either for himself or for any other person or commercial
enterprise (1) solicit or induce any employee to terminate his or her employment
relationship with the Employer, and/or (2) recruit, attempt to recruit, hire, or
attempt to hire any employee of the Employer other than on behalf of the
Employer.

                  (g)      The Employee hereby acknowledges and agrees that the
type and periods of restrictions imposed in Sections 10(a) through 10(f) of this
Agreement are fair and reasonable and are reasonably required for the protection
of the Employer's Confidential Information and the goodwill associated with the
business of the Employer. Further, the Employee acknowledges and agrees that the
restrictions imposed in Sections 10(a) through 10(f) will not prevent him from
obtaining suitable employment after his employment with the Employer ceases or
from earning a livelihood. The Employee hereby acknowledges, agrees and
understands that he would not be entitled to the Severance Payments (as
described in Section 9(a)(ii)) or the Change in Control payment (as described in
Section 12(a)), except for his agreement to fulfill his obligations under
Sections 10(a) through 10(f) and Section 11 of this Agreement.

11.      Assignment of Inventions. The Employee expressly understands and agrees
that any and all right or interest he may obtain in any designs, trade secrets,
technical specifications and technical data, know-how and show-how, customer and
vendor lists, marketing plans, pricing policies,

                                       7

<PAGE>

inventions, concepts, ideas, works of authorship, documentation, formulae, data,
designs, techniques, discoveries, improvements or intellectual property rights
of any kind or any interest therein (whether or not patentable or registrable
under copyright, trademark or similar statutes (including, but not limited to,
the Semiconductor Chip Protection Act) or subject to analogous protection) that
he, whether alone or jointly with others, authors, conceives, devises, develops,
reduces to practice, or otherwise obtains during the Employee's employment with
the Employer, and that (i) relate to or arise out of his employment with the
Employer; (ii) relate to the Employer's present or planned business or any of
the products or services being designed, conceived, developed, marketed,
manufactured or distributed by the Employer or that may be used in relation
therewith; (iii) result from the use of premises or personal property (whether
tangible or intangible) owned, leased or contracted for or by the Employer; (iv)
result from activities engaged in during the Employer's time; and/or (v) result
from use of Confidential Information of the Employer whether such use occurred
prior to or during the Employee's employment with the Employer (the
"INVENTIONS"), are and shall immediately become the sole and absolute property
of the Employer and its assigns, as works made for hire or otherwise.

                  The Employee hereby assigns to the Employer the sole and
exclusive right to such Inventions. The Employee agrees that he will promptly
disclose to the Employer any and all such Inventions, and that, upon request of
the Employer, the Employee will execute and deliver any and all documents or
instruments and take any other action which the Employer shall deem necessary to
assign to and vest completely in the Employer, to perfect trademark, copyright
and patent protection with respect to, or to otherwise protect the Employer's
trade secrets and proprietary interest in such Inventions. The Employer agrees
to pay any and all copyright, trademark and patent fees and expenses or other
costs incurred by the Employee for any assistance rendered to the Employer
pursuant to this Section.

                  In the event the Employer is unable, after reasonable effort,
to secure the Employee's signature on any letters, patent, copyright or other
analogous protection relating to an Invention, the Employee hereby irrevocably
designates and appoints the Employer and any of its officers as his agent and
attorney-in-fact, to act for and on his behalf and stead to execute and file any
such application or applications and to do all other lawfully permitted acts to
further the prosecution and issuance of letters patent, copyright or other
analogous protection thereon with the same legal force and effect as if executed
by the Employee. The obligations in this Section shall continue beyond the
termination of the Employee's employment.

12.      Change in Control.

         (a)(i)   If during the Term of this Agreement there is a Change in
Control of the Employer, and the Employee's employment with the Employer is
terminated involuntarily (other than for Cause), or voluntarily for Good Reason
(as defined below), in connection with or within one and one-half (1-1/2) years
after such Change in Control, then the Employee shall be entitled to receive a
lump sum cash payment as provided in Section 12(a)(ii) below. The Employer shall
have no obligation to make the payment set forth in this Section unless the
Employee fully complies with his obligations under this Agreement, including,
but not limited to, his obligations under Sections 10 and 11 of this Agreement.
The Employer shall have no obligation to make the payment set forth in this
Section in the event of the Employee's death or upon Employee becoming "Totally
Disabled" (as described in Section 9(a)(c)) on the date of a Change in Control
or within one and one-half (1-1/2) years after such Change in Control. In such
event, the payments and benefits, if any, to which the Employee may be entitled
shall be determined in accordance with Section 9(c) of this Agreement.

                                       8

<PAGE>

(ii) Subject to Section 12(c) hereof, the lump sum cash payment (the "Payment")
shall be in an amount equal to three (3) times the Employee's average annual
base salary paid to the Employee by the Employer over the five (5) most recent
years ending prior to such Change in Control of the Employer (or such portion of
such period during which the Employee was a full-time employee of the Employer),
less one dollar. In addition, in the event of a Change in Control, all existing
options that have been granted to the Employee shall be subject to immediate
vesting.

         (iii)    As used herein, the term "Good Reason" means, unless
previously consented to in writing by the Employee, the occurrence of any one of
the following:

                  (A)      the assignment to the Employee of duties and
responsibilities that are not at least substantially equivalent to the
Employee's duties and responsibilities with the Employer immediately prior to
such Change in Control;

                  (B)      the failure to continue the Employee in a position
and title that is at least substantially equivalent to the position held by the
Employee with the Employer immediately prior to such Change in Control, except
in connection with the termination of the Employee's employment for Cause or as
a result of death or permanent disability;

                  (C)      a reduction in or failure to pay currently total
annual cash compensation in an amount equal to or greater than the sum of (i)
the Employee's salary at the highest annual rate in effect during the 12-month
period immediately prior to such Change in Control, and (ii) the bonus paid to
similarly situated employees pursuant to the acquiring Employer's executive
bonus plan for the fiscal year ending immediately prior to such Change in
Control;

                  (D)      the Employee's benefits under any employee benefit or
welfare plan of the acquiring Employer are less, or are reduced to less (subject
to Employer's right to provide equivalent benefits in cash or otherwise in
kind), other than reductions mandated by a change in law, than the benefits of
similarly situated employees under any employee benefit or welfare plan of the
acquiring Employer in effect immediately prior to such Change in Control;

                  (E)      the Employee is reassigned to a place of business
which is more than thirty-five (35) miles from a major city in the United States
as defined by the twenty-six (26) Standard Metropolitan Statistical Areas; or

                  (F)      any material breach by the Employer of this
Agreement.

         (iv)     Payment under this Section 12(a) shall be in lieu of any
amount owed to the Employee as severance payments for termination without Cause
under Section 9(a) hereof. However, payment under this Section 12(a) shall not
be reduced by any compensation which the Employee may receive from other
employment with another employer after termination of his employment with the
Employer. The Employer shall have no obligation to make any contributions to any
retirement plan that may be applicable to the Employee after a Change in Control
of the Employer. The Employee shall be entitled to contributions made by the
Employer to any retirement plan that may be applicable to the Employee on the
Employee's behalf prior to a Change in Control of the Employer, which have
vested and for which the Employee is otherwise eligible in accordance with the
written terms of the official plan documents governing any applicable retirement
plan.

         (b)      A "Change in Control of the Employer," for purposes of this
Agreement, shall be deemed to have taken place if as the result of, or in
connection with, any cash tender or exchange

                                       9

<PAGE>

offer, merger, or other business combination, sale of assets or contested
election, or any combination of the foregoing transactions, the persons who were
directors of the Employer before such transaction shall cease to constitute a
majority of the Board of Directors of the Employer or any successor institution.

         (c)      Notwithstanding any other provisions of this Agreement or of
any other agreement, contract, or understanding heretofore or hereafter entered
into by the Employee with the Employer, except an agreement, contract, or
understanding hereafter entered into that expressly modifies or excludes
application of this Section 12(c) ("Other Agreements"), and notwithstanding any
formal or informal plan or other arrangement heretofore or hereafter adopted by
the Employer for the direct or indirect provision of compensation to the
Employee (including groups or classes of participants or beneficiaries of which
the Employee is a member), whether or not such compensation is deferred, is in
cash, or is in the form of a benefit to or for the Employee (a "Benefit Plan"),
the Employee shall not have any right to receive any payment or other benefit
under this Agreement, any Other Agreement, or any Benefit Plan if such payment
or benefit, taking into account all other payments or benefits to or for the
Employee under this Agreement, all Other Agreements, and all Benefit Plans,
would cause any payment to the Employee under this Agreement to be considered a
"parachute payment" within the meaning of Section 280G(b)(2) of the Internal
Revenue Code as then in effect (a "Parachute Payment"), as determined by a
nationally recognized accounting firm selected by the Board. In the event that
the receipt of any such payment or benefit under this Agreement, any Other
Agreement, or any Benefit Plan would cause the Employee to be considered to have
received a Parachute Payment under this Agreement, then the Employee shall have
the right, in the Employee's sole discretion, to designate those payments or
benefits under this Agreement, any Other Agreements, and/or any Benefit Plans,
which should be reduced or eliminated so as to avoid having the payment to the
Employee under this Agreement be deemed to be a Parachute Payment.

         (d)      The Employer shall have no obligation to make the payments set
forth herein if the Employee is in material breach of the Employee's obligations
under this Agreement. The Employee shall be obligated to execute a general
release of claims in favor of the Employer, its current and former parents,
subsidiaries, subdivisions, divisions, shareholders, Board of Directors, or
affiliated entities or persons, and the current and former directors, officers,
employees and agents of the Employer, in a form acceptable to the Employer (the
"Release"), as a condition to receiving the payments set forth in this Section.

13.      Remedies. The Employee acknowledges and agrees that compliance with the
covenants set forth in this Agreement is necessary to protect the business and
goodwill of the Employer and that any breach of Sections 10 through 11 of this
Agreement will result in irreparable and continuing harm to the Employer, for
which money damages may not provide adequate relief. Accordingly, in the event
of any breach or anticipatory breach of Sections 10 and 11 by the Employee, the
Employer and the Employee agree that the Employer shall be entitled to the
following particular forms of relief as a result of such breach, in addition to
any remedies otherwise available to it at law or equity: (a) injunctions,
whether temporary, preliminary or permanent, enjoining or restraining such
breach or anticipatory breach, and the Employee hereby consents to the issuance
thereof forthwith and without bond by any court of competent jurisdiction; and
(b) recovery of all reasonable sums and costs, including attorneys' fees,
incurred by the Employer to enforce the provisions of Sections 10 and 11.

                                       10

<PAGE>

14.      Expenses; Automobile Allowance.

         (a)      The Employee is authorized to incur, during the Term of this
Agreement, reasonable expenses for promoting the business of the Employer,
including without limitation expenses for entertainment, travel and similar
items. The Employer will promptly reimburse the Employee for all such expenses,
upon the presentation by the Employee, from time to time, of an itemized account
of such expenses.

         (b)      During the Term of this Agreement, the Employer shall buy or
lease a full size luxury vehicle of the Employer's choosing for the Employee's
exclusive use and/or, at the Employee's option, provide the Employee with a
monthly automobile allowance in an amount sufficient to pay the Employee's costs
for the purchase or lease of such a vehicle, and the Employer shall reimburse
the Employee (upon submission by him of reasonably itemized accounts thereof)
for all maintenance, repairs, insurance, gasoline, tolls, parking and other
reasonable upkeep and related expenses on such vehicle.

15.      Legal Expenses. The Employer shall indemnify and hold harmless the
Employee from and against any and all reasonable costs and liabilities,
including without limitation reasonable attorneys' fees, arising out of or in
connection with becoming, being or having been an officer or director of the
Employer, except in relation to matters as to which the Employee shall be
finally adjudged not to have acted in good faith in the reasonable belief that
his action or failure to act was in the best interest of the Employer.

16.      Successors and Assigns; Assumption by Successors. All rights hereunder
shall inure to the benefit of the parties hereto, their personal or legal
representatives, heirs, successors or assigns. This Agreement may not be
assigned or pledged by the Employee. The Employer will require any successor
(whether direct or indirect, by purchase, assignment, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of the
Employer in any consensual transaction expressly to assume this Agreement and to
agree to perform hereunder in the same manner and to the same extent that the
Employer would be required to perform if no such succession had taken place.
References herein to the Employer will be understood to refer to the successor
or successors of the Employer, respectively.

17.      Other Contracts. The Employee shall not, during the Term of this
Agreement, have any other paid employment (other than with a subsidiary or
affiliate of the Employer), except with the prior approval of the Board of
Directors of the Employer.

18.      Entire Agreement. This Agreement constitutes the entire agreement
between the parties with respect to the subject matter contained herein, and
supersedes all prior employment agreements and understandings, whether written
or oral, except for the Employer's Code of Business Conduct and Ethics,
Corporate Communications Disclosure Procedures and Insider Trading Policy
Statement which are incorporated herein by reference.

19.      Amendments or Additions. There are currently no oral representations,
agreements or understandings which affect the enforceability of this Agreement,
and no alteration or variation of the terms of this Agreement can be valid
unless made in writing and signed by both parties, wherein specific reference is
made to this Agreement.

20.      Section Headings. The section headings used in this Agreement are
included solely for convenience and shall not affect, or be used in connection
with, the interpretation of this Agreement.

                                       11

<PAGE>

21.      Severability. Each promise and provision contained in this Agreement
shall be enforceable independently of every other promise and provision in this
Agreement. If any provision contained in this Agreement is determined to be
partially or totally invalid or unenforceable in any respect, such determination
shall not affect any other provision of this Agreement, but this Agreement shall
be considered divisible as to such provision which shall become null and void,
leaving the remainder of this Agreement in full force and effect.

22.      Governing Law. This Agreement shall be governed by the laws of the
United States where applicable and otherwise by the laws of the State of New
Hampshire, without giving effect to the conflicts of laws principles thereof.

23.      Arbitration of Disputes and Jury Waivers.

                  (a)      The parties hereto agree to arbitrate any dispute,
claim, or controversy ("claim") against each other arising out of the cessation
of the Employee's employment, any claim of unlawful discrimination or harassment
that might or did arise during or as a result of the Employee's employment which
could have been brought before an appropriate government administrative agency
or in an appropriate court, including but not limited to claims of age
discrimination under the Age Discrimination in Employment Act of 1967, as
amended, as well as any claim or controversy arising under this Agreement. The
Arbitration shall be arbitrated by one arbitrator in accordance with the
National Rules for the Resolution of Employment Disputes of the American
Arbitration Association. The decision or award of the arbitration shall be final
and binding upon the parties. Any arbitral award may be entered as a judgment or
order in any court of competent jurisdiction. Any claims under Sections 10 and
11 of this Agreement shall not be subject to arbitration, but shall be subject
to the remedies set forth in Section 13 hereof.

                  (b)      If for any reason this arbitration provision is
declared unenforceable, the Employee agrees to waive any right he may have to a
jury trial with respect to any dispute or claim against the Employer relating to
this Agreement, his employment, termination or any terms and conditions of
employment, including, but not limited to claims of age discrimination under the
Age Discrimination in Employment Act of 1967, as amended.

                  (c)      The Employee has been advised of his right to consult
with counsel regarding this Agreement. The Employee's acceptance of this
Agreement can be revoked any time within seven (7) days of signing this
Agreement, but such revocation must be signed and in writing. The Employee has
been afforded at least twenty-one (21) days to consider this Agreement.

                  IN WITNESS WHEREOF, the parties have knowingly and voluntarily
executed this Agreement this 19th day of November 2003.

                                          PRESSTEK, INC. (the "Employer")

                                      By: /s/ Richard A. Williams
                                          --------------------------------------
                                          RICHARD A. WILLIAMS
                                          Chairman of the Board of Directors

                                          /s/ Edward J. Marino
                                          --------------------------------------
                                          EDWARD J. MARINO
                                          (the "Employee")

                                       12

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