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OCLR > SEC Filings for OCLR > Form 8-K on 5-Jun-2014All Recent SEC Filings

Show all filings for OCLARO, INC.

Form 8-K for OCLARO, INC.


Change in Directors or Principal Officers

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

As previously announced, Dr. Terence Unter resigned as the Chief Operating Officer of Oclaro, Inc. (the "Company"), effective as of June 2, 2014. In connection with such resignation, Dr. Unter and the Company entered into a Separation Agreement on June 2, 2014, under which Dr. Unter is entitled to (i) a cash payment equal to $570,922.65, and outplacement assistance, subject to Dr. Unter executing a release under the terms of the Separation Agreement and (ii) the amount of any accrued base salary and/or vacation pay to the date of termination to the extent not previously paid.

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