VeriFone Signs Non-Compete with Former Executive

VeriFone Holdings, Inc. (NYSE: PAY) today announced that it has entered into a separation agreement with former executive William Atkinson.

The agreement covers a broad range of protections for VeriFone and Atkinson, including mutual release agreements to not compete or solicit, and confidentiality. Specific financial terms are reflected in the separation agreement that has been filed as an exhibit to VeriFone’s current report on Form 8-K relating to the agreement.

Douglas Bergeron, Chairman and CEO of VeriFone, said: “I would like to thank Bill for his many years of hard work and his many contributions to VeriFone.”