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Quotes & Info
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| TER > SEC Filings for TER > Form 8-K on 11-Mar-2009 | All Recent SEC Filings |
11-Mar-2009
Change in Directors or Principal Officers
Item 5.02(b)
Eileen Casal, currently the Company's Vice President, General Counsel and Secretary and a named executive officer of the Company, is leaving the Company effective March 31, 2009 to pursue other career opportunities.
Under the terms of a Severance Agreement dated March 11, 2009, Ms. Casal will, for a period of one year from the separation date, continue to receive her current base salary of $277,742 and the Company will also continue to pay the Company's portion of insurance premiums for Ms. Casal's health, vision and dental insurance continuation coverage from the Company. The Severance Agreement binds Ms. Casal to a one-year noncompetition provision and she has also agreed to provide transition assistance to the Company throughout the one-year period, as well as ongoing assistance with any litigation matters.
Item 5.02(e)
See Item 5.02(b) above.
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