TRANSITION AGREEMENT AND RELEASE
Transition Agreement and Release ("Agreement") executed this ___ day of _____, 2002, by and between Paul
Rotella ("Employee") who resides at 1790 Morgan Lane, Collegeville, Pennsylvania 19426, and Emcore
In consideration of the mutual promises described below and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:
1. Employee shall cease his current duties and responsibilities effective March 18, 2002. From March 18, 2002
until April 1, 2002 ("Transition Period"), Employee shall remain employed by Emcore on a full-time basis, shall
be paid at a rate of $6,730.77 for that two week period and shall report to Larry Kapitan.
2. (a) Contingent upon Employee's continued employment in good standing throughout the transition period,
beginning on April 1, 2002, Emcore shall pay to Employee his biweekly salary, less applicable withholdings and
deductions, for a seven month and two week period, which shall end on November 15, 2002. Such amount will
be paid on regular paydays.
(b) Also contingent upon Employee's continued employment in good standing on April 1, 2002, Emcore shall
continue to pay the employer's portion of the premiums associated with health insurance benefits for a period of
seven months and two weeks beginning on April 1, 2002 and ending on November 15, 2002. Employee
acknowledges that Emcore may continue to deduct from Employee's biweekly salary an amount equal to the
employee's portion of the premiums associated with health insurance benefits for seven months and two weeks
following April 1, 2002.
(c) Additionally, Emcore shall reimburse Employee for up to $5,000.00 of actual costs of outplacement services,
which shall be rendered at any time on or prior to March 18, 2003, provided that Employee presents to Emcore
receipts for such services.
(d) Furthermore, incentive stock options previously granted to Employee wi