This document represents the entire agreement and understanding of the parties with respect to the subject matter of the Agreement (other than the Perceptron Executive Agreement Not to Compete dated. December 16, 2010 (“Perceptron Executive Agreement Not to Compete”), the Letter Agreement dated June 13, 2005 as amended as it relates strictly to the relocation expenses set forth therein, and the Proprietary Information and Invention Agreement which shall remain in full force and effect after the execution of this Agreement) and it may not be altered or amended except by an agreement in writing that is executed by both parties to this Agreement. Specifically, this Agreement supersedes any other severance pay provisions in effect on the date of this Agreement.