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On May 21, 2010, Photronics, Inc. (“Photronics”) and
Peter Kirlin, entered into a three year employment agreement for the
position of Senior Vice President, U.S. and Europe dated May 21, 2010. Dr.
Kirlin will receive an annual rate of compensation of $280,000 annually,
paid biweekly. He will receive a company car, plus all related expenses as
per company policy, four weeks annual vacation, and is eligible to
participate in Photronics’ health and insurance plans as described in
Photronics’ handbook. Dr. Kirlin’s Employment Agreement also provides for
certain severance, confidentiality and non-compete
provisions.
On May 21, 2010, Photronics, Inc. (“Photronics”) and
Richelle Burr, entered into a three year employment agreement for the
position of Vice President, General Counsel and Secretary dated May 21,
2010. Ms. Burr will receive an annual rate of compensation of $170,000
annually, paid biweekly. She will receive a company car, plus all related
expenses as per company policy, four weeks annual vacation, and is
eligible to participate in Photronics’ health and insurance plans as
described in Photronics’ handbook. Ms. Burr’s Employment Agreement also
provides for certain severance, confidentiality and non-compete
provisions.
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