EX-10.27 7 y01285exv10w27.txt AGREEMENT EXHIBIT 10.27 EXTENSION TO TOLLING AGREEMENT WHEREAS, Symbol Technologies, Inc. ("Symbol") and Tomo Razmilovic ("Razmilovic") entered into an Employment Agreement dated February 14, 2002, and a Separation, Release, and Non-Disclosure Agreement that was fully executed on February 27, 2002 (the "2002 Agreements"); WHEREAS, Symbol and Razmilovic entered into a tolling agreement dated May 6, 2003 ("Tolling Agreement"); WHEREAS, Symbol and Razmilovic have agreed to extend the effective dates of the Tolling Agreement (the "Extension"); WHEREAS, Symbol and Razmilovic, in consideration of the mutual promises, covenants and agreements set forth in the Tolling Agreement and in this Extension, the sufficiency of which is hereby acknowledged, agree as follows: 1. The terms and provisions of the Tolling Agreement are incorporated herein. 2. The Termination Date of the Tolling Agreement shall be extended to and include December 31, 2004. 3. This Extension may be executed in one or more counterparts, each of which shall be deemed an original but also which together shall constitute one and the same instrument. DATED: March 18, 2004 /s/ TOMO RAZMILOVIC -------------------------------------- Tomo Razmilovic PIPER RUDNICK /s/ DAVID E. NECHMAN -------------------------------------- David E. Nechman 1251 Avenue of the Americas New York, New York 10020 Tel: (212) 835-6074 Attorneys for Tomo Razmilovic Extension of Tolling Agreement Page 2 of 2 SYMBOL TECHNOLOGIES, INC. /s/ PETER LIEB -------------------------------------- Peter Lieb Senior Vice President and General Counsel Symbol Technologies -- Corporate Headquarters One Symbol Plaza New York, New York 11742-1300 Tel: (631) 738-2400 SWIDLER BERLIN SHEREFF FRIEDMAN, LLP /s/ ANDREW J. LEVANDER -------------------------------------- Andrew J. Levander The Chrysler Building 405 Lexington Avenue New York, New York 10174 Tel: (212) 973-0111 Attorneys for Symbol Technologies, Inc. 2