ITEM 1.01. Entry into a Material Definitive Agreement
Effective as of December 31, 2008, the Company and each of its executive
officers entered into an amendment to the existing Executive Severance
Agreements and Change in Control Severance Agreements between the Company and
such persons. The primary purpose of such amendment is to modify such agreements
so that they conform to Section 409A of the Internal Revenue Code. In addition,
the amendment to the Executive Severance Agreement modifies the calculation of
the severance amount thereunder.
The foregoing description of the amendments does not purport to be complete
and is qualified in its entirety by reference to the forms of the amendments
which are filed herewith and incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits.
Exhibit No. Exhibit
10.1. Form of Amendment to Executive Severance Agreement.
10.2. Form of Amendment to Change in Control Severance Agreement.
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