Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On January 28, 2008, Innovative Solutions and Support, Inc. (the
"Company") and John C. Long entered into an employment agreement (the
"Employment Agreement") with an original term of two years. On October 26,
2009, the Company gave a notice to Mr. Long that the term of the Employment
Agreement would not be automatically renewed beyond its scheduled expiration
date of January 28, 2010. Mr. Long's employment status is otherwise unchanged,
including his right to continued vesting under the Company's equity compensation
plans. Mr. Long's Employment Agreement was the last remaining employment
agreement with any executive officer of the Company.
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