Velodyne Lidar, Inc. agreed that the employment of Jim Barnhart, the company's Chief Operating Officer, will end on November 4, 2022. The company expects to enter into a Separation Agreement with Mr. Barnhart that will provide Mr. Barnhart with benefits consistent with the terms of the company's Form of Severance and Change in Control Agreement. The Severance Agreement provides for 9 months of salary and 9 months of COBRA benefits in exchange for signing a standard release of claims.