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Quotes & Info
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| XPRT > SEC Filings for XPRT > Form 8-K on 10-Feb-2009 | All Recent SEC Filings |
10-Feb-2009
Change in Directors or Principal Officers
(b) The employment of Christopher J. Aitken and his service in the position of Executive Vice President and Head of Corporate Development of LECG Corporation (the "Company") will terminate effective February 13, 2009.
(e) In connection with his resignation as an officer and employee of the Company, Mr. Aitken and the Company entered into a Separation Agreement and Release, dated February 10, 2009 (the "Separation Agreement"), which provides that Mr. Aitken will receive separation consideration from the Company in the amount of $312,000, plus reimbursement of the cost for continued COBRA coverage for Mr. Aitken and his qualifying dependents for a period of up to 12 months. The Separation Agreement also includes a general release from Mr. Aitken on standard terms. No change is made in the price, vesting or exercise terms of the stock options and restricted stock previously granted to Mr. Aitken, which will cease vesting as of February 13, 2009.
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