Document:

Separation Agreement

 Exhibit 10.8 
 SEPARATION AGREEMENT AND RELEASE 
 The parties to this Separation Agreement and Release (Agreement)
are Planar Systems, Inc. (Employer), and John J. Ehren (Employee). 
 RECITALS 
 A. Employee's employment will terminate, effective March 3, 2008. 
 B. Employee elects to receive the benefits under this Agreement under the terms and conditions set forth below. 
 Therefore, in consideration of the mutual promises set forth below, the parties agree as follows: 
 1. Employment
Termination. Employee's last day of work will be March 3, 2008. On or before Employee’s last day of work, Employee shall return to Employer all company property in his possession, and provide certification that all company software and
data has been deleted from Employee’s personal computer(s). 
 2. Payment. Employee will receive all accrued wages owing through
the last date of employment and payment for any accrued and unused PTO (paid time off).  
 As consideration for and contingent upon
this signed and unrevoked Agreement, Employee shall receive, no earlier than the employees termination date and upon the later of the expiration of the revocation period under paragraph 6, or the return of all company property and the certification
required under paragraph 1 a contingent separation amount equal to $111,250. This contingent separation amount will be structured as follows: 
  

	 	•	 	 The company will accelerate vesting of 7500 shares of restricted stock which would have vested on or before December 8, 2009. The value of the shares at the
market closing price on March 3, 2008 will be subtracted from the separation amount of $111,250 and the balance of the contingent separation amount will be paid in cash (Employer will withhold taxes on the cash payment and restricted stock
award in accordance with all applicable local, state and federal laws.). 

  

	 	•	 	 The Employee may choose to settle the applicable local, state and federal tax owed on the 7500 shares of restricted stock either in cash or by accepting “net
shares” and must make this election in writing to the Vice President Human Resources on or before March 3, 2008. 

  

			
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 3. Health Insurance. Employee's coverage under Employer’s health insurance plan ends at the
end of the month in which Employee’s termination occurs. If eligible, Employee may continue full health insurance benefits for himself and his immediate family as provided under federal COBRA regulations. Employee is responsible for all
payments under COBRA for continuation of health insurance benefits. 
 4. Employee Pension and Retirement Plans. Employee shall be
entitled to Employee's rights under Employer’s benefit plans as such plans, by their provisions, apply upon Employee's termination. 
 5. General Release. In consideration of the benefits provided in this Agreement, Employee releases Employer, its directors, officers, agents, employees, attorneys, insurers, related corporations, successors and assigns, from any and
all liability, damages or causes of action, whether known or unknown, whether in tort, contract, or under state or federal statute. Employee understands and acknowledges that this release includes, but is not limited to any claim for reinstatement,
reemployment, attorney fees or additional compensation in any form, and any claim, including but not limited to those arising under the Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Post
Civil War Civil Rights Act (42 U.S.C. 1981-88), the Equal Pay Act, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Americans with Disabilities Act, the Vietnam Era Veterans Readjustment Assistance Act, the
Fair Labor Standards Act, the Family Medical Leave Act of 1993, the Uniformed Services Employment and Re-employment Rights Act, the Employee Retirement Income Security Act of 1975 (ERISA), Executive Order 11246, as amended, and the civil rights,
employment, and labor laws of any state and any regulation under such authorities relating to Employee's employment or association with Employer or the termination of that employment and association. 
 6. Release of Rights Under Older Workers' Benefit Protection Act. In accordance with the Age Discrimination in Employment Act and Older Workers'
Benefit Protection Act (collectively, the "Act"), Employee acknowledges that (1) he has been provided with information pertaining to the job titles and ages of the employees affected by Employer’s reduction in force, (2) he has been
advised in writing to consult with an attorney prior to executing this Agreement; (3) he is aware of certain rights to which he may be entitled under the Act; (4) as consideration for executing this Agreement, Employee has received
additional benefits and compensation of value to which he would otherwise not be entitled, and (5) by signing this Agreement, he will not waive rights or claims under the Act which may arise after the execution of this Agreement. Employee
acknowledges that he has been given a period of at least 21 days to consider this offer. Employee acknowledges in the event he has not executed this Agreement by March 7, 2008 the offer shall expire. Employee further acknowledges that he has a
period of seven days from the date of execution in which to revoke this Agreement by written notice to Terri Timberman, Vice President Human Resources. In the event Employee does not exercise his right to revoke this Agreement, the Agreement shall
become effective on the date immediately following the seven-day waiting period described above. 
  

			
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 7. Confidentiality. Employee acknowledges that at the outset of his employment at Employer, he
entered into a Proprietary Information and Invention Agreement (dated 6/1/1998). Employee recognizes and reaffirms his remaining obligations under the Proprietary Information and Invention Agreement, notwithstanding the termination of his
employment. Employee agrees to treat the existence of this agreement as confidential information and to not disclose the existence of this agreement or any terms hereof to any other parties expect his immediate family and professional advisors.

 8. Disparagement. Employee will not make any malicious, disparaging or false remarks about Employer, its officers, directors or
employees. Employee further agrees to refrain from making any negative statements regarding Employer to any third parties or any statements, which could be construed as having or causing a diminishing effect on Employer’s reputation, goodwill
or business. 
 9. Consent to Injunction. Employee agrees that his violation of paragraph 7 shall constitute a breach of this
Agreement that will cause irreparable injury to Employer, and that monetary damages alone would not adequately compensate Employer for the harm suffered. Employee agrees that Employer shall be entitled to injunctive relief to enjoin any breach or
threatened breach of paragraph 7 in addition to any other available remedies. 
 10. No Admission of Liability. Employee agrees that
nothing in this Separation Agreement and Release, its contents, and any payments made under it, will be construed as an admission of liability on the part of Employer. 
 11. Dispute Resolution. The parties agree that any dispute (1) concerning the interpretation, construction or breach of this Agreement, (2) arising from Employee's employment or service with Employer,
(3) relating to any compensation or benefits Employee may claim, or (4) relating in any way to any claim by Employee for reinstatement or reemployment by Employer after execution of this Agreement shall be submitted to a mediator agreed
upon by the parties for nonbinding confidential mediation under the National Rules for the Resolution of Employment Disputes of the American Arbitration Association (AAA). Each party shall bear their own costs of mediation. If the matter cannot be
resolved with the aid or the mediator, it shall be submitted to AAA for final and binding confidential arbitration before a single arbitrator in Portland, Oregon, applying Oregon law, without regard to conflict of law principles. The prevailing
party shall be entitled to recover its reasonable costs, attorney fees and out-of pocket expenses relating to arbitration and any appeal. Both parties agree that the procedures outlined in this paragraph are the exclusive methods of dispute
resolution; provided, however, that Employer shall be entitled to seek injunctive relief in any court of competent jurisdiction to prevent a breach or threatened breach of paragraph 6, notwithstanding anything in this paragraph to the contrary.

  

			
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 12. Successors and Assigns. This Agreement shall be binding upon Employee's heirs, executors,
administrators and other legal representatives and may be assigned and enforced by Employer, its successors and assigns. 
 13.
Severability. The provisions of this Agreement are severable. If any provision of this Agreement or its application is held invalid, the invalidity shall not affect other obligations, provisions, or applications of this Agreement which can be
given effect without the invalid obligations, provisions, or applications. 
 14. Waiver. The failure of either party to demand strict
performance of any provision of this Agreement shall not constitute a waiver of any provision, term, covenant, or condition of this agreement or of the right to demand strict performance in the future. 
 15. Section Headings. The section headings contained herein are for reference purposes only and will not in any way affect the meaning or
interpretation of this Agreement. 
 16. Entire Agreement. Employee remains bound by the terms of any and all agreements Employee
entered into with Employer with respect to confidential information, non-competition, non-solicitation and assignment of inventions. Except as otherwise provided in this Section 16, this Agreement constitutes the entire agreement between the
parties and supersedes all prior or contemporaneous oral or written understandings, statements, representations or promises with respect to its subject matter, including, without limitation, that certain Executive Severance Agreement dated
June 25, 2007. This agreement is not effective until signed by both parties. 
  

									
	EMPLOYEE	 		 	PLANAR SYSTEMS, INC.
				
	 /s/ John J. Ehren
	 		 	By:	 	 /s/ Terri Timberman

	Date:	 	March 3, 2008	 		 	Date:	 	March 11, 2008

  

			
	Page 4 - SEPARATION AGREEMENT AND RELEASE	 	04Form of Restricted Stock Agreement under the 2000 Stock Incentive Plan

 Exhibit 10.1 
 MAX CAPITAL GROUP LTD. 
 RESTRICTED STOCK AWARD AGREEMENT 
 This Restricted Stock Award Agreement (the “Agreement”) is effective as of the 19th day of February, 2008 (the “Grant
Date”) by and between Max Capital Group Ltd. (the “Company”), and                      (the
“Grantee”). 
 WHEREAS, the Company may grant awards of restricted common shares of the Company pursuant to
the Company’s 2000 Stock Incentive Plan, as amended (the “Plan”); 
 WHEREAS, the Company has determined
that it is in the best interests of the Company and its shareholders to grant the award of restricted common shares provided for herein (the “Award”) to the Grantee in recognition of the Grantee’s services to the Company
and in consideration for the Grantee’s employment with the Company, such grant to be subject to the terms set forth herein; and 
 NOW, THEREFORE, in consideration for the mutual covenants hereinafter set forth, the parties hereto agree as follows: 
  

	1.	Basis for Award. This Award is made under the Plan pursuant to Section 8 thereof for services to be rendered to the Company by the Grantee.

  

	2.	Stock Awarded. 

  

	 	(a)	The Company hereby awards to the Grantee, in the aggregate,
                     shares of Common Stock of the Company (“Restricted Stock”), which shall be subject to the
restrictions and conditions set forth in the Plan and in this Agreement. 

  

	 	(b)	Each certificate issued in respect of the Restricted Stock shall remain in book form with the Company’s transfer agent in the Grantee’s name. At the expiration of the
restrictions, the Company shall deliver to the Grantee (or his/her legal representative, beneficiary or heir) share certificates for the Common Stock deposited with it free from legend except as otherwise provided by the Plan, this Agreement or as
otherwise required by applicable law. The Grantee shall have the right to receive dividends on and to vote the Restricted Stock while it is held in custody except as otherwise provided by the Plan. 

  

	 	(c)	 Except as provided in the Plan or this Agreement, the restrictions on the Restricted Stock are that they will be forfeited by the Grantee and all of the
Grantee’s rights to such stock shall immediately terminate without any payment or consideration by the Company, in the event of any sale, assignment, transfer, hypothecation, pledge or other alienation of such Restricted Stock made or 

  

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attempted, whether voluntary or involuntary, and if involuntary whether by process of law in any civil or criminal suit, action or proceeding, whether in the
nature of an insolvency or bankruptcy proceeding or otherwise, without the written consent of the Board, excluding the Grantee, if he/she so serves on the Board. 

  

	3.	Vesting. 

  

	 	(a)	The restrictions described in Section 2 of this Agreement will lapse with respect to all of the Restricted Stock and such shares of Common Stock will become nonforfeitable on
February 19, 2011; provided, that, except as otherwise provided herein, the Grantee is then employed by the Company or any of its Subsidiaries. If the Grantee’s employment is terminated at any time prior to the vesting date,
the unvested Restricted Stock shall automatically be forfeited upon such cessation of service, unless otherwise provided in Sections 3(b) and (c). 

  

	 	(b)	Pro Rata Vesting. In the event of the Grantee’s death or if the Grantee’s employment is terminated by the Company or any of its Subsidiaries for Disability (as
defined below) or without Cause (as defined in the Plan) or by the Grantee for Good Reason (as defined below), a pro rata portion of the Restricted Stock shall vest as of the date of such termination, and all other unvested Restricted Stock shall
immediately terminate and be forfeited. The pro rata portion of the Restricted Stock that vests shall be calculated by multiplying the number of shares of Restricted Stock by a fraction, the numerator of which shall equal the number of consecutive
days the Grantee is employed by the Company or any of its Subsidiaries from the Grant Date to the date of termination, and the denominator of which shall equal 1,095 (rounded to the nearest whole number). 

 For purposes of this Agreement, “Disability” shall mean termination upon 30 days’ notice in the event that the Grantee suffers a mental or
physical disability that shall have prevented him/her from performing his/her material duties for a period of at least 120 consecutive days or 180 non-consecutive days within any 365 day period; provided, that, the Grantee shall not
have returned to full-time performance of his/her duties within 30 days following receipt of such notice. The Grantee shall have “Good Reason” to terminate his/her employment within 30 days after the Grantee has knowledge of the
occurrence, without the Grantee’s written consent, of one of the following events that has not been cured, if curable, within 30 days after a notice of termination has been given by the Grantee to the Company or its Subsidiary, as applicable:
(i) any material and adverse change to the Grantee’s duties or authority which are inconsistent with his/her title and position, (ii) a material diminution of the Grantee’s title or position; (iii) a reduction of the
Grantee’s base salary; or (iv) any other reason which the Company determines in its sole discretion to be a Good Reason; provided, however, that, if termination for “Good Reason” is defined in the
Grantee’s employment agreement, the definition in the employment agreement shall apply for purposes of this Section 3. 
  

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	 	(c)	Full Vesting. Upon the Grantee’s Retirement, vesting shall continue according to the schedule set forth in Section 3(a) as if the Grantee were still employed;
provided, that, during the period following Retirement and prior to the vesting date, the Grantee does not enter into any employment, consulting, service or similar arrangements or accept any directorship that has not been pre-approved
by the Compensation Committee of the Company in its sole discretion. In the event that the Grantee does enter into any such employment, consulting, service or similar arrangement or accepts any unapproved directorship, all unvested Restricted Stock
shall be immediately forfeited. For purposes of this Agreement, “Retirement” shall be defined as when the Grantee retires from the Company or any Subsidiaries if the sum of the Grantee’s age and years of service as an employee of the
Company or any Subsidiaries equals at least 55. 

 If the Grantee’s employment is terminated because the Company or a
Subsidiary is unable to obtain a work permit for the Grantee’s continued employment in Bermuda with the Company or a Subsidiary and the Company does not offer the Grantee a comparable position of employment by one of the Company’s
Subsidiaries, then the Restricted Stock shall automatically become 100% vested and nonforfeitable upon the date of the Grantee’s termination of employment; provided, that, if the failure by the Company or its Subsidiary to obtain
such work permit is directly or indirectly related to any actions or omissions taken by the Grantee, as determined by the Company in its sole discretion, then all unvested Restricted Stock shall be immediately forfeited upon the date of termination.

  

	 	(d)	Change in Control. Upon the occurrence of a Change in Control (as defined in the Plan), all Restricted Stock shall automatically become vested and immediately nonforfeitable
in full. 

  

	4.	Compliance with Laws and Regulations. The issuance and transfer of Common Stock shall be subject to compliance by the Company and the Grantee with all applicable
requirements of securities laws and with all applicable requirements of any stock exchange on which the Company’s Common Stock may be listed at the time of such issuance or transfer. 

  

	5.	No Right to Continued Employment. Nothing in this Agreement shall be deemed by implication or otherwise to impose any limitation on any right of the Company or any of
its Subsidiaries to terminate the Grantee’s employment at any time. 

  

	6.	Restrictive Legends. The Grantee understands and agrees that the Company will place the legends set forth below or similar legends on any stock certificate(s)
evidencing the Restricted Stock, together with any other legends that may be required by state or U.S. Federal securities laws, the Company’s Certificate of Incorporation or Bye-laws, any other agreement between the Grantee and the Company or
any agreement between the Grantee and any third party: 

 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
RESTRICTIONS ON PUBLIC RESALE AND TRANSFER, AS SET FORTH IN A RESTRICTED STOCK AWARD AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES. SUCH PUBLIC SALE AND TRANSFER RESTRICTIONS ARE BINDING ON TRANSFEREES OF THESE SHARES.

  

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	7.	Representations and Warranties of the Grantee. The Grantee represents and warrants to the Company that: 

  

	 	(a)	Agrees to Terms of the Plan. The Grantee has received a copy of the Plan and has read and understands the terms of the Plan and this Agreement, and
agrees to be bound by their terms and conditions. The Grantee acknowledges that there may be adverse tax consequences upon the vesting of Restricted Stock or disposition of the shares of Common Stock once vested, and that the Grantee should consult
a tax adviser prior to such time. 

  

	 	(b)	Stop-Transfer Instructions. The Grantee agrees that, to ensure compliance with the restrictions imposed by this Agreement, the Company may issue appropriate
“stop-transfer” instructions to its transfer agent, if any, and if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 

  

	 	(c)	Refusal to Transfer. The Company will not be required (i) to transfer on its books any shares of Common Stock that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement or (ii) to treat as owner of such shares, or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such shares have been so transferred.

  

	8.	Governing Law; Modification. This Agreement shall be governed by the laws of the state of New York without regard to the conflict of law principles. The Agreement may
not be modified except in writing signed by both parties. 

  

	9.	Plan. Except as otherwise provided herein, or unless the context clearly indicates otherwise, capitalized terms herein which are defined in the Plan have the same
definitions as provided in the Plan. The terms and provisions of the Plan are incorporated herein by reference, and the Grantee hereby acknowledges receiving a copy of the Plan. In the event of a conflict or inconsistency between the discretionary
terms and provisions of the Plan and the provisions of this Agreement, the Plan shall govern and control. 

  

	10.	Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by the Grantee or the Company to the Committee for review. The
resolution of such a dispute by the Committee shall be binding on the Company and the Grantee. 

  

	11.	 Tax Withholding. In the event that the Company determines that tax withholding is required with respect to the Grantee, the Grantee agrees that,
except as provided below, no later than the date as of which the restrictions on the Restricted Stock shall lapse with respect to all or any of the Restricted Stock covered by this Agreement, the Grantee shall 

  

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pay to the Company (in cash) any federal, state or local taxes of any kind required by law to be withheld, if any, with respect to the Restricted Stock for
which the restrictions shall lapse. The Company or its Subsidiary (as applicable) shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to the Grantee any federal, state or local taxes of any kind
required by law to be withheld with respect to the shares of Restricted Stock. If the Grantee properly elects, within 30 days of the Grant Date, to include in gross income for federal income tax purposes an amount equal to the Fair Market Value of
the Restricted Stock granted hereunder pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, the Grantee shall pay to the Company, or make other arrangements satisfactory to the Board to pay to the Company in the year of
such grant, any federal, state or local taxes required to be withheld with respect to such Common Stock. If the Grantee fails to make such payments, the Company or its Subsidiaries shall, to the extent permitted by law, have the right to deduct from
any payment of any kind otherwise due to the Grantee any federal, state or local taxes of any kind required by law to be withheld with respect to such Common Stock. 

 [SIGNATURE PAGE FOLLOWS] 
  

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 IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the date set forth below.

  

			
	 MAX CAPITAL GROUP LTD.

		
	 By:
	 	  

	 Name:

	 Title:

	 Date:

	
	 GRANTEE

		
	 By:
	 	  

	 Name:

	 Date:

  

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