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TGAL > SEC Filings for TGAL > Form 8-K on 18-Dec-2008All Recent SEC Filings

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Form 8-K for TEGAL CORP /DE/


18-Dec-2008

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.



On December 15, 2008, the Compensation Committee of the Board of Directors of
Tegal Corporation ("Tegal") approved the Tegal Corporation Executive Severance
Plan (the "Plan") in which the following executive officers will participate:

Steve Selbrede                                  Chief Technology Officer, VP
Research & Development
Paul Werbaneth                                Vice President Marketing &
Applications
Scott Brown                                    Vice President North American
Sales

Under the Plan, each participant will be eligible to receive certain severance benefits in the event of his discharge by Tegal without cause (as defined in the Plan). Such severance benefits shall consist of six months base salary (12 months in the event such discharge without cause occurs within 12 months following a change in control (as defined in the Plan) of Tegal), to be paid in equal installments over the applicable severance period in accordance with Tegal's regular payroll practices. An executive officer's receipt of the foregoing severance benefits will be conditioned on his execution and non-revocation of a general release of claims in favor of Tegal.

The foregoing description of the Plan is qualified in its entirety by reference to the Plan, a copy of the which is attached to this Form 8-K as Exhibit 10.1 and incorporated herein by reference.

Item 9.01.           Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number                Description of Exhibit

10.1                Tegal Corporation Executive Severance Plan


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