SEPARATION AGREEMENT AND GENERAL RELEASE
This Separation Agreement and General Release ("this Agreement") is made by and between Dennis McKinnie
("Employee") and Level 8 Systems, Inc. ("the Company").
The Company and Employee desire to effect a severance of Employee's employment with the Company on the
terms and conditions set forth in this Agreement. The Company and Employee agree that it is in their best
interests to settle any and all matters that might arise out of Employee's former employment with the Company.
Therefore, in consideration of the mutual promises contained in this Agreement, the Company and Employee
agree to the following:
1. SEVERANCE AND EFFECTIVE DATES. By executing this Agreement, Employee acknowledges that
Employee's Last Day Worked for the Company will be July 31, 2001 and Employee's termination date with the
Company will be July 31, 2002, ("Termination Date). In addition, Employee acknowledges Effective Date of the
Agreement is the eighth (8) day after Employee signs the Agreement ("Effective Date").
2. SEVERANCE ARRANGEMENT. In full consideration and as material inducement for Employee to execute
this Agreement, and in full and complete settlement of any and all claims (including any claim Employee may have
for attorneys' fees, expenses and costs), the Company will:
a. Continue Employee's regular salary of $4326.93 per week, less all legal deductions, for the equivalent of 52
weeks, on the first payday following the end of the Consulting Period set forth above. These monies shall be paid
over twenty six (26) weeks with the first payment equal to 27 weeks of salary and the final 25 payments equal to
Employees regular weekly salary.
b. Continue Employee's medical, dental, vision, life insurance and long term disability benefits at employee rates
and 401K participation, for 52 weeks, beginning on the day following the Last Day Worked. Employee
contributions will be deducted with each paycheck.
c. Reimburse Employee in accordance with the Compa