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OCZ > SEC Filings for OCZ > Form 8-K/A on 23-Jan-2013All Recent SEC Filings

Show all filings for OCZ TECHNOLOGY GROUP INC

Form 8-K/A for OCZ TECHNOLOGY GROUP INC


23-Jan-2013

Change in Directors or Principal Officers, Financial Statements and Ex


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

On January 16, 2013, OCZ entered into a Separation Agreement with Richard Singh ("Executive"), former Chief Sales Officer of OCZ Technology Group, Inc. (the "Company"). Pursuant to the Separation Agreement, the Company will pay Executive severance pay, consisting of eight (8) payments, each in an amount equal to Executive's final base salary rate of $9,166.66 per pay period, to be paid on the regular payroll dates. The Company will pay Executive a total payment in the amount of four (4) times the monthly COBRA premium then in effect for the coverage Executive had elected (for himself and his dependents) as of the Termination Date. The Separation Agreement also contains other usual and customary provisions.

The Separation Agreement is filed as Exhibit 10.1 to this Amendment No. 1 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits

A list of exhibits filed herewith is contained on the Exhibit Index which immediately follows the signature page of this Form 8-K and is incorporated herein by reference.


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