exhibit 10. 34 exhibit 10. 34 attachment b relocation payback agreement effective date of transfer 7 - 1 - 08 i, william t. yeates agree to pay back relocation expenses in accordance with the following guidelines : ( print employee name ) terminations within 12 months of accepting new assignment voluntary termination within 12 months of accepting new assignment if i voluntarily terminate within 12 months of accepting the new assignment i agree to pay 100 % of all expenses reimbursed directly to me or on my behalf. full payment will be made within 90 days from my departure date. involuntary termination within 12 months of accepting new assignment if my employment is terminated involuntarily and at the discretion of sensus metering systems i understand that i may have an obligation to pay back relocation expenses reimbursed to me or payments made on my behalf. terminations with 24 months of accepting new assignment voluntary termination within 24 months of accepting new assignment if i voluntarily terminate within 24 months of accepting the new assignment i agree to pay all relocation expenses reimbursed directly to me or on my behalf in according to the payback schedule below. involuntary termination within 24 months of accepting new assignment if my employment is terminated involuntarily and at the discretion of sensus metering systems, i understand that i may have an obligation to pay back relocation expenses reimbursed to me, or payments made on my behalf according to the payback schedule below : 13th month 95 % 17th month 75 % 21st month 35 % 14th month 90 % 18th month 65 % 22nd month 25 % 15th month 85 % 19th month 55 % 23rd month 15 % 16th month 80 % 20th month 45 % 24th month 5 % / s / william t. yeates date 6 - 5 - 08 employee signature / s / michael decocco date 6 - 5 - 08 sensus metering systems hr signature the top portion of this form is to be completed at the time of authorization to move. a copy of the signed form should be attached to the employee ’ s benefit package. the original should be retained by sensus metering systems ’ human resource department. to be filled out at the time of termination : date terminated sensus metering systems to be paid back in full by reason ( s ) sensus metering systems relocation payback agreement rev. 5. 05. 06 attachment b relocation payback agreement effective date of transfer 7 - 1 - 08 i, william t. yeates agree to pay back relocation expenses in accordance with the