California
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001-13268
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95-3353465
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||
(State
or Other Jurisdiction of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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·
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As
a result of a management restructuring, Mr. Helms’s position
will be eliminated effective November 13,
2009.
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·
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Mr.
Helms will receive severance equal to twelve months of his base salary in
effect as of November 13, 2009, to be paid in equal bi-weekly installments
over eighteen months.
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·
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The
Company shall pay COBRA benefits to Mr. Helms and his spouse for up to
eighteen months.
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·
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The
Company shall accelerate the vesting of options exercisable for 10,000 of
the Company’s Common Stock previously granted to Mr. Helms pursuant to the
Company’s 2005 Stock Incentive
Plan.
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·
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The
Company and Mr. Helms provided mutual general releases, subject to certain
exceptions.
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Exhibit No.
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Description
|
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99.1
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Separation
Agreement and General Release dated as of October 27, 2009 by and between
Aspyra, Inc. and James R. Helms.
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November
2, 2009
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Aspyra, Inc.
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/s/
Anahita Villafane
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Anahita
Villafane
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||
Chief
Financial Officer
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Exhibit No.
|
Description
|
|
99.1
|
Separation
Agreement and General Release dated as of October 27, 2009 by and between
Aspyra, Inc. and James R. Helms.
|
|