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Employment/termination Agreement For Winfried Rohloff

(2 pages)
Parties: Calcomp Technology
Sectors: Computer Hardware
Effective Date: July 31, 1997
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General Manager
This agreement is part of the General Manager and All Employment Agreements by Industry directories
EXHIBIT 10.27


[LETTERHEAD OF CALCOMP]


July 31, 1997


Winfried Rohloff Sr. Vice President Digital Printing Systems Division Anaheim, CA 92803


Dear Winfried:


The following agreement is a good faith settlement of an actual and/or potential dispute between CalComp and Employee and is entered into for the purpose of resolving any differences and to avoid the burden, expense, delay and uncertainties of litigation and administrative actions. This agreement is hereby made effective July 1, 1997 among CalComp Technology, Inc. located at 2411 West La Palma Avenue, Anaheim, California 92801, represented by Mr. John C. Batterton, President and CEO; CalComp GmbH, Hermann-Klammt-Strasse 1, 41460, Neuss, Germany, represented by its sole shareholder, CalComp Technology, Inc., the latter being represented by Mr. John C. Batterton, and Mr. Winfried Rohloff, Im Wingert 19, 40699 Erkrath, Germany.


It is agreed that you are hereby appointed Sr. Vice President, General Manager for the Digital Printing Systems Division of CalComp Technology, Inc. Prior employment contracts of December 1, 1987 together with the supplements dated November 22, 1988; June 17, 1993; August 23, 1994; June 25, 1996 ("Agreement") and January 10, 1997 will remain in effect while a decision on the arrangements described in paragraph six is reached. Notwithstanding the foregoing, the following will govern any severance payment that will be made in the case of termination, removal from your current position unless you and we agree on a new position, or remuneration reduction: an amount equal to one year's remuneration (including base salary, MICP at the target for the year in which termination occurs, medical, statutory social ...

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