Transitional Employment Agreement between Carrier Access Corporation and Mark D. Herbst
Carrier Access Corporation and Mark D. Herbst entered into a transitional employment agreement after Mr. Herbst resigned as Chief Operating Officer. Under this arrangement, Mr. Herbst agreed to provide transitional services related to his former duties. In exchange, the company paid him a bi-weekly salary of $8,077 and continued his existing benefits through the end of 2002. The agreement ended on December 31, 2002.
Exhibit 10.8
Transitional Employment Arrangement
The Company entered into a transitional employment arrangement with Mark D. Herbst on October 14, 2002 following his resignation as the Company’s Chief Operating Officer. In return for transitional services with regard to his duties as COO, the Company agreed to pay Mr. Herbst for the remainder of 2002 a bi-weekly salary of $8,077 and the same continuing benefits as he had during his position as COO. This arrangement terminated on December 31, 2002.
