EXHIBIT 10.28
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (this “Agreement”) entered into as of May, 1, 2014,
the (“Effective Date”) by and between Byung K. Yi (the “Executive”), and
InterDigital, Inc., a corporation organized and existing under the laws of the
Commonwealth of Pennsylvania (the “Company”).
WHEREAS, the Company desires to employ Executive as EVP, InterDigital Labs &
Chief Technology Officer on the terms and conditions set forth herein; and
WHEREAS, the Executive desires to be employed by the Company on such terms and
conditions.
NOW, THEREFORE, in consideration of the mutual covenants and obligations
contained herein and intending to be legally bound, the parties, agree as
follows:
1.Period of Employment. The “Period of Employment” shall be a period of
approximately eighteen (18) months commencing on the Effective Date and ending
on January 31, 2016, (“Ending Date”); provided, however, that this Agreement
shall be automatically renewed, and the Period of Employment shall be
automatically extended for one (1) additional year on each anniversary of the
Ending Date, unless either party gives notice, in accordance with subsection
11.2 hereof, at least ninety (90) days prior to such anniversary, that the
Period of Employment shall not be extended (or further extended, as the case may
be) (any such notice, a “Nonrenewal Notice”). However, in the event that the
annual payout amounts under the Incentive Plan (as defined below) and/or the
Program (as defined below) for the plan year immediately prior to the expiration
of the Period of Employment have not been paid upon the expiration of the Period
of Employment following the delivery of a Nonrenewal Notice, the Period of
Employment shall be extended until such amounts are paid out under the Incentive
Plan or Program, as applicable. Further, in the event that a Change in Control
(as defined below) occurs at any time during the Period of Employment, then,
notwithstanding anything to the contrary herein, the Period of Employment shall
extend for an additional year and ninety (90) days from the date of the Change
in Control, provided such extension serves to lengthen the Period of Employment
that would otherwise have been in place. The term “Period of Employment” shall
include any extension thereof pursuant to the three preceding sentences.
Provision of a Nonrenewal Notice shall not be a breach of this Agreement and
shall not constitute either a termination by the Company without “Cause” or
resignation by the Executive for “Good Reason” (each, as defined herein). Upon
the expiration of the Period of Employment following the delivery of a
Nonrenewal Notice, this Agreement, including the provisions of Section 10
(“Survival of Provisions”), will no longer be in effect. Notwithstanding the
foregoing, the Period of Employment is subject to earlier termination as
provided in Section 8 of this Agreement.

2.    Position and Duties.

2.1    Position. During the Period of Employment, the Executive shall serve the
Company as its EVP, InterDigital Labs & Chief Technology Officer and shall have
the powers, authorities, and duties of management usually vested in the office
of the EVP, InterDigital Labs & Chief Technology Officer of a corporation of a
similar size and nature to the Company and that the Company’s Board of Directors
(the “Board”), Chief Executive Office (“CEO”) and any officer of the Company to
whom the Executive reports, may assign to the Executive from time to time.
Additionally, the Executive shall serve as EVP, InterDigital Labs & Chief
Technology Officer of InterDigital Communications, Inc., a wholly owned
subsidiary of the Company. The Executive shall report to the EVP, Intellectual
Property or any other officer of the Company to whom the Board or CEO may
assign. The Executive shall perform faithfully and diligently all duties
assigned to the Executive in service of the Company and/or any and all past,
present or future parent and/or subsidiaries and their respective and/or
affiliated entities (the “Related Entities”).

2.2    Diligent Efforts/Full-Time. The Executive shall expend the Executive’s
diligent efforts on behalf of the Company, and shall abide by all policies and
decisions made by the Company, as well as applicable federal, state and local
laws, regulations or ordinances. The Executive shall act in the best interest of
the Company at all times. The Executive shall devote the Executive’s full
business time and efforts to the performance of the Executive’s assigned duties
for the Company.

3.    Other Business Activities. During the Period of Employment, the Executive
shall not, without the prior written consent of the Company, engage in any other
business activities or pursuits whatsoever, except activities in connection with
any charitable or civic activities, personal investments and serving as an
executor, trustee or in other fiduciary capacity; provided, however, that such
activities do not interfere with the performance of her responsibilities and
obligations pursuant to this Agreement.

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4.    Compensation.

4.1    Base Salary. During the Period of Employment, as compensation for the
Executive’s performance of the Executive’s duties hereunder, the Company shall
pay to the Executive a base salary at an annualized rate of $290,000, subject to
any increase from time to time in accordance with the Company’s compensation
policies, payable in accordance with the normal payroll practices of the Company
(the “Base Salary”).

4.2    Short-Term Incentive Plan. During the Period of Employment, the Executive
shall be eligible to participate in the Company’s Short-Term Incentive Plan (as
amended from time to time, the “Incentive Plan”), on terms and conditions no
less favorable than those provided generally to the other similarly situated
officers of the Company, for so long as the same may be in effect. For the 2014
fiscal year, the Executive shall have a target bonus level of fifty percent
(50%) of the Base Salary (the “Target Bonus”) under the Incentive Plan. Any
bonus earned pursuant to the Incentive Plan shall be subject to the terms and
conditions of the Incentive Plan. The Company reserves the right to change or
eliminate the Incentive Plan at any time, without prior notice to or the consent
of the Executive.

4.3    Long-Term Compensation Plan. During the Period of Employment, the
Executive shall be eligible to participate in the Company’s Long-Term
Compensation Program (as it may be amended from time to time, the “Program”) on
terms and conditions no less favorable than those provided generally to the
other similarly situated officers of the Company, for so long as the same may be
in effect. For the cycle beginning in the 2014 fiscal year, the Executive’s
level of participation in the Program shall be a target payout of approximately
three-hundred thousand dollars ($500,000), pro-rated, pursuant to the terms and
conditions of the Program. Any awards earned pursuant to the Program shall be
subject to the terms and conditions of the Program. The Company reserves the
right to change or eliminate the Program at any time, without prior notice to or
the consent of the Executive.

5.    Benefits. During the Period of Employment, the Executive shall be entitled
to participate in all employee pension and welfare benefit plans and programs,
and fringe benefit plans and programs, made available by the Company to the
Company’s employees generally, in accordance with the eligibility and
participation provisions of such plans and as such plans or programs may be in
effect from time to time. The Company reserves the right to change or eliminate
such benefit plans and programs, at any time, without prior notice to or the
consent of the Executive.

6.    Confidentiality and Proprietary Rights. The Executive executed the
Company’s Nondisclosure and Assignment of Ideas Agreement, as amended from time
to time, as a condition of his employment, which is incorporated herein by
reference.

7.    Covenants. The Executive shall not, during the Period of Employment and
for one (1) year thereafter, do any of the following, directly or indirectly,
except in connection with the performance of the Executive’s duties for the
Related Entities, without the prior written consent of the Company:

7.1    influence or attempt to influence any licensee, strategic partner,
supplier, or customer of the Related Entities or any potential licensee,
strategic partner, supplier or customer of the Related Entities to terminate or
modify any written or oral agreement or course of dealing with the Related
Entities; or

7.2    influence or attempt to influence any person or entity to either (i)
terminate or modify their employment, consulting, agency, distributorship or
other arrangement with the Related Entities, or (ii) employ or retain, or
arrange to have any other person or entity employ or retain, any person or
entity that has been employed or retained by the Related Entities as an
employee, consultant, agent or distributor of the Related Entities at any time
during the twelve (12) month period immediately preceding the termination of the
Executive’s employment hereunder (for any reason).

8.    Termination. The Company or the Executive may terminate the Executive’s
employment, and the Period of Employment, at any time for any reason, or for no
reason, subject to compliance with Section 8 hereof.

8.1    Termination for Cause by the Company. The Company may terminate the
Executive’s employment, and the Period of Employment, immediately at any time
for Cause. For purposes of this Agreement, “Cause” means (a) acts or omissions
constituting gross negligence, recklessness or willful misconduct on the part of
the Executive with respect to the Executive’s obligations or otherwise relating
to the business of the Company; (b) the Executive’s material breach of this
Agreement or the Company’s Nondisclosure and Assignment of Ideas Agreement; (c)
the Executive’s conviction or entry of a plea of nolo contendere for fraud,
misappropriation or embezzlement, any felony, or any crime of moral turpitude;
or (d) the Executive’s willful neglect of duties as determined in the sole and
exclusive discretion of the Board. In the event the Executive’s employment is
terminated in accordance with this subsection, the Executive shall be entitled
to receive only the

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Base Salary then in effect, prorated to the date of termination, and any accrued
but unused PTO as of the date of the termination (the “Standard Entitlements”).
All other Company obligations to the Executive pursuant to this Agreement will
become automatically terminated and completely extinguished. For the avoidance
of doubt, the Executive shall not be entitled to receive the severance package
described in subsections 8.2.1 or 8.4.1 below in the event the Executive is
terminated in accordance with this subsection.

8.2    Termination Without Cause by the Company/Severance. The Company may
terminate the Executive’s employment, and the Period of Employment, under this
Agreement without Cause at any time on thirty (30) days’ advance notice, in
accordance with subsection 11.2 hereof, to the Executive. At the Company’s
election, the Executive may be asked to refrain from coming to the office during
such thirty-day notice period. In the event of such termination, the Executive
shall be entitled to receive the Standard Entitlements, and a severance package
as described in subsection 8.2.1 below, provided the Executive complies with the
conditions described in subsection 8.2.2 or 8.3.2 below, as applicable. All
other Company obligations to the Executive will be automatically terminated and
completely extinguished.

8.2.1    Severance Package. If the Executive’s employment is terminated by the
Company pursuant to subsection 8.2 or if the Executive resigns pursuant to
subsection 8.3.2, the Executive shall be entitled to receive:

(a)    (i) a severance payment equivalent to one and a half (1.5) times the sum
of the Base Salary then in effect on the date of termination; and (ii) payments
by the Company of the premiums required to continue the Executive’s group health
care coverage for one (1) year, under the applicable provisions of the
Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), provided that
the Executive elects to continue and remains eligible for these benefits under
COBRA, and does not become eligible for health coverage through another employer
during this period, and provided, further, however, that the Executive’s
continued participation is permissible under the terms and provisions of such
plans and programs, and the Company’s payment of COBRA premiums does not violate
the nondiscrimination rules of the Patient Protection and Affordable Care Act of
2010. Subject to the separation agreement, as described in subsection 8.2.2
below, becoming effective and irrevocable in accordance with its terms,
commencing on the first payroll date next following or coincident with the 60th
day following the termination of employment, (i) the severance payments will be
paid in substantially equal installments in accordance with the Company’s
standard payroll practices over a period of twelve (12) consecutive months, and
(ii) COBRA payments will be paid in installments in accordance with the
Company’s standard payroll practices over a period of twelve (12) consecutive
months provided that at the first payment date next following or coincident with
the 60th day following the termination of employment, the Executive shall
receive COBRA payments relating to such 60 day period (or longer, as the case
may be) that elapsed since the termination of employment; and
(b)    outplacement services by qualified consultants selected by the Company,
at the Company’s expense, in an amount not to exceed $10,000. The expenses for
outplacement services shall be paid by the Company directly to the entity
providing such services to the Executive promptly following the Company’s
receipt of appropriate invoices documenting such expenses.
All outstanding equity awards shall be treated in accordance with the
documentation governing such awards.
8.2.2    Conditions to Receive Severance Package. In order to receive the
severance package described in subsection 8.2.1 above, the Executive must: (i)
comply with all surviving provisions of this Agreement as specified in Section
10 below (except Section 3 which would not be applicable); and (ii) execute a
separation agreement in a form acceptable to the Company, including a full
general release, releasing all claims, known or unknown, that the Executive may
have against the Company arising out of or any way related to the Executive’s
employment or termination of employment with the Company and a non-disparagement
provision. The separation agreement contemplated by this Section 8.2.2 shall not
broaden any existing or contemplated obligations on the Executive as set forth
in the Agreement. The Executive hereby agrees that, upon breach by the Executive
of any of the covenants described in Section 7, all Company obligations to the
Executive, including the obligations to provide (or continue to provide) the
severance package described in subsection 8.2.1 above, will be automatically
terminated and completely extinguished.

8.3    Voluntary Resignation by the Executive. The Executive may voluntarily
resign her position with the Company, and the Period of Employment, with or
without Good Reason, in accordance with Section 8.3.1 or Section 8.3.2, as
applicable.

8.3.1    Resignation without Good Reason. In the event the Executive resigns
without Good Reason, the Executive must provide thirty (30) days’ advance
notice, in accordance with subsection 11.2, and the Executive shall be entitled
to receive only the Standard Entitlements, and no other amount. At the Company’s
election, the Executive may be asked to refrain from coming to the office during
such thirty-day notice period. All other Company obligations to the Executive

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pursuant to this Agreement will become automatically terminated and completely
extinguished. For the avoidance of doubt, the Executive shall not be entitled to
receive the severance package described in subsection 8.2.1 above or subsection
8.4.1 below.

8.3.2    Resignation for Good Reason. In the event the Executive resigns for
Good Reason, the Executive shall be entitled to receive the Standard
Entitlements, and the severance package described in subsection 8.2.1 above,
provided, the Executive complies with the conditions described in subsection
8.2.2 above. For purposes of this Agreement, “Good Reason” means the Executive’s
resignation of employment with the Company following the occurrence of one or
more of the following, in each case without the Executive’s consent: (a) a
material diminution in the Executive’s Base Salary or in the Executive’s target
bonus opportunity under the Incentive Plan as in effect for the year in which
the termination occurs; (b) a material diminution in the Executive’s title,
authority, duties or responsibilities; (c) a material failure to comply with
Section 4 hereof; (d) relocation of the Executive’s primary office more than 50
miles from the Executive’s current office; or (e) any other action or inaction
that constitutes a material breach by the Company of this Agreement or the
Nondisclosure and Assignment of Ideas Agreement. For purposes of this Agreement,
Good Reason shall only exist if the Executive provides a notice of termination
for Good Reason, in accordance with subsection 11.2 hereof, within ninety (90)
days after the initial existence of such grounds and the Company has had sixty
(60) days from the date on which such notice is provided to cure such
circumstances. If the Executive does not terminate her employment for Good
Reason within sixty (60) days following the end of such sixty (60) day period
within which the Company was entitled to remedy the course of conduct
constituting Good Reason but failed to do so, then the Executive shall be deemed
to have waived her right to terminate for Good Reason with respect to such
grounds.

8.4    Termination Upon or Following a Change in Control.

8.4.1    Severance Package. If (x) the Executive’s employment is terminated by
the Company other than for Cause or (y) the Executive resigns for Good Reason,
in each case, on or within twelve (12) months after a Change in Control (as
defined below), the Executive shall be entitled to receive:

(a)    (i) a severance payment equivalent to two (2) times the sum of the Base
Salary and the Target Bonus then in effect on the date of termination, which,
subject to the separation agreement, as described in subsection 8.4.2 below,
becoming effective and irrevocable in accordance with its terms, shall be
payable in a lump sum on the first payroll date next following or coincident
with the 60th day following the termination of employment (provided that such
Change in Control is a “change in the ownership or effective control” or a
“change in the ownership of a substantial portion of the assets” of the Company,
in each case, as determined in accordance with Section 409A (as defined below),
otherwise, the severance payment amount set forth above will be made in
accordance with the schedule set forth in Section 8.2.1); and
(ii) a payment equal to the cost required to pay premiums required to continue
the Executive’s group health coverage under the applicable provisions of COBRA
for twenty-four (24) months, payable in a lump sum on the first payroll date
next following or coincident with the 60th day following the termination of
employment, subject to the separation agreement, as described in subsection
8.4.2 below, becoming effective and irrevocable in accordance with its terms;
and
(b)    outplacement services by qualified consultants selected by the Company,
at the Company’s expense, in an amount not to exceed $10,000. The expenses for
outplacement services shall be paid by the Company directly to the entity
providing such services to the Executive promptly following the Company’s
receipt of appropriate invoices documenting such expenses.
All outstanding equity awards shall be treated in accordance with the
documentation governing such awards.
8.4.2    Conditions to Receive Severance Package. In order to receive the
severance package described in subsection 8.4.1 above, the Executive must: (i)
comply with all surviving provisions of this Agreement as specified in Section
10 below; and (ii) execute a separation agreement in a form acceptable to the
Company, including a full general release, releasing all claims, known or
unknown, that the Executive may have against the Company arising out of or any
way related to the Executive’s employment or termination of employment with the
Company and a non-disparagement provision. The separation agreement contemplated
by this Section 8.4.2 shall not broaden any existing or contemplated obligations
on the Executive as set forth in the Agreement. The Executive hereby agrees
that, upon breach by the Executive of any of the covenants described in Section
7, all Company obligations to the Executive, including the obligations to
provide the severance package described in subsection 8.4.1 above, will be
automatically terminated and completely extinguished.

8.4.3    Section 409A Compliance. Payments contemplated pursuant to this
Agreement are intended to comply with Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”) and the regulations promulgated thereunder
(“Section 409A”) (including the provisions for exceptions and exemptions from
Section 409A) and all provisions of

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this Agreement shall be construed and interpreted in a manner consistent with
the requirements for avoiding taxes and penalties under Section 409A. If any
payment(s) to the Executive under the terms of this Agreement or any plans is
determined to constitute a payment of nonqualified deferred compensation for
purposes of Section 409A payable on account of a “separation from service” (as
defined under Section 409A) that is not exempt from Section 409A as involuntary
separation pay or a short-term deferral (or otherwise), such payment(s) shall be
delayed until the date that is six months and one day after the date of the
Executive’s separation from service with the Company (or, if sooner, the date of
the Executive’s death), if and only to the extent necessary to comply with the
special rule for certain “specified employees” set forth in Code Section
409A(a)(2)(B)(i). Upon the expiration of the period described in the preceding
sentence, all payments and benefits delayed pursuant to this subsection (whether
they would have otherwise been payable in a single sum or in installments in the
absence of such delay) shall be paid or reimbursed to the Executive in a lump
sum without interest, and any remaining payments and benefits due under this
Agreement shall be paid or provided in accordance with the normal payment dates
specified for them herein. A termination of employment shall not be deemed to
have occurred for purposes of any provision of this Agreement providing for the
payment of any amounts or benefits upon or following a termination of employment
unless such termination is also a “separation from service” within the meaning
of Section 409A and, for purposes of any such provision of this Agreement,
references to a “termination,” “termination of employment” or like terms shall
mean “separation from service.” Except as otherwise expressly provided herein,
to the extent any expense reimbursement or the provision of any in-kind benefit
under this Agreement is determined to be subject to Section409A, the amount of
any such expenses eligible for reimbursement, or the provision of any in-kind
benefit, in one calendar year shall not affect the expenses eligible for
reimbursement in any other taxable year (except for any life-time or other
aggregate limitation applicable to medical expenses), in no event shall any
expenses be reimbursed after the last day of the calendar year following the
calendar year in which such expenses are incurred, and in no event shall any
right to reimbursement or the provision of any in-kind benefit be subject to
liquidation or exchange for another benefit. Each payment made under this
Agreement shall be treated as a “separate payment” within the meaning of Section
409A.

8.4.4    280G. (a)    Notwithstanding anything contained in this Agreement to
the contrary, to the extent that any payment, benefit or distribution of any
type to or for the benefit of the Executive by the Company or any of the Related
Entities, whether paid or payable, provided or to be provided, or distributed or
distributable pursuant to the terms of this Agreement or otherwise (including,
without limitation, any accelerated vesting of stock options or other
equity-based awards) (collectively, the “Total Payments”) would be subject to
the excise tax imposed under Section 4999 of the Code, then the Total Payments
shall be reduced (but not below zero) so that the maximum amount of the Total
Payments (after reduction) shall be one dollar ($1.00) less than the amount
which would cause the Total Payments to be subject to the excise tax imposed by
Section 4999 of the Code, to the extent that the Executive will retain more of
the Total Payments on an after-tax basis following this reduction than if the
full amount were payable. Unless the Executive shall have given prior written
notice to the Company to effectuate a reduction in the Total Payments if such a
reduction is required, any such notice consistent with the requirements of
Section 409A to avoid the imputation of any tax, penalty or interest thereunder,
the Company shall reduce or eliminate the Total Payments by first reducing or
eliminating any cash severance benefits (with the payments to be made furthest
in the future being reduced first), then by reducing or eliminating any
accelerated vesting of stock options or similar awards, then by reducing or
eliminating any accelerated vesting of restricted stock or similar awards, then
by reducing or eliminating any other remaining Total Payments. The preceding
provisions of this subsection 8.4.4(a) shall take precedence over the provisions
of any other plan, arrangement or agreement governing the Executive’s rights and
entitlements to any benefits or compensation.
(b)    Any determination that the Total Payments to the Executive must be
reduced or eliminated in accordance with subsection 8.4.4(a) and the assumptions
to be utilized in arriving at such determination, shall be made by the Board in
the exercise of its reasonable, good faith discretion based upon the advice of
such professional advisors as it may deem appropriate in the circumstances. As a
result of the uncertainty in the application of Section 4999 of the Code at the
time of the initial determination by the Board hereunder, it is possible that
the Total Payments to the Executive which will not have been made by the Company
should have been made (“Underpayment”). If an Underpayment has occurred, the
amount of any such Underpayment shall be promptly paid by the Company to or for
the benefit of the Executive together with interest on such amount (at the same
rate as is applied to determine the present value of payments under Section 280G
of the Code or any successor thereto). In the event that any Total Payments made
to the Executive shall be determined to otherwise result in the imposition of
any tax under Section 4999 of the Code and a reduction in the Total Payments is
required pursuant to Section 8.4.4(a), then the Executive shall promptly repay
to the Company the amount of any such overpayment together with interest on such
amount (at the same rate as is applied to determine the present value of
payments under Section 280G of the Code or any successor thereto), from the date
the reimbursable payment was received by the Executive to the date the same is
repaid to the Company.
8.4.5    Change in Control. For purposes of this Agreement, a “Change in
Control” has the meaning set forth in the Company’s 2009 Stock Incentive Plan,
or its successor, as amended, modified or restated from time to time, provided
that if such definition is amended, modified or restated and the resulting
definition, or a definition under a successor

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plan, is less favorable to the Executive than the definition as of the date
hereof, as determined in the reasonable sole discretion of the Company, then the
definition as of the date hereof shall be the definition that is used.

9.    Other Agreements. The Executive represents and warrants to the Company
that:

9.1    there are no restrictions, agreements or understandings whatsoever to
which the Executive is a party which would prevent or make unlawful the
Executive’s execution of this Agreement or the Executive’s employment hereunder,
or which are or would be inconsistent or in conflict with this Agreement or the
Executive’s employment hereunder, or would prevent, limit or impair in any way
the performance by the Executive of her obligations hereunder;
9.2    the Executive’s execution of this Agreement and the Executive’s
employment hereunder shall not constitute a breach of any contract, agreement or
understanding, oral or written, to which the Executive is a party or by which
the Executive is bound; and
9.3    the Executive is free to execute this Agreement and to enter into the
employ of the Company pursuant to the provisions set forth herein.
10.    Survival of Provisions. Sections 3 (“Other Business Activities”), 6
(“Confidentiality and Proprietary Rights”), 7 (“Covenants”), 8 (“Termination”),
and 11 (“General Provisions”) of this Agreement shall survive the termination of
the Period of Employment.

11.    General Provisions.

11.1    Successors and Assigns. The rights and obligations of the Company under
this Agreement shall inure to the benefit of and shall be binding upon the
successors, assigns and the Related Entities of the Company. The Executive shall
not be entitled to assign any of the Executive’s rights or obligations under
this Agreement.

11.2    Notice. Any notice required or permitted by this Agreement shall be in
writing and shall be delivered as follows with notice deemed given as indicated:
(a) by personal delivery when delivered personally; (b) by overnight courier
upon written verification of receipt; (c) by telecopy or facsimile transmission
upon acknowledgment of receipt of electronic transmission; or (d) by certified
or registered mail, return receipt requested, upon verification of receipt.
Notice shall be sent to the addresses set forth below, or such other address as
either party may specify in writing:

If to the Executive, to the address most recently on file in the payroll records
of the Company.
If to the Company:
InterDigital, Inc.
200 Bellevue Parkway, Suite 300
Wilmington, Delaware 19809
Attention: Chief Executive Officer
11.3    Entire Agreement; Amendments. This Agreement, including the Company’s
Nondisclosure and Assignment of Ideas Agreement, as amended from time to time,
incorporated herein by reference, constitutes the entire agreement between the
parties relating to this subject matter and supersedes all prior or simultaneous
representations, discussions, negotiations, and agreements, whether written or
oral. This Agreement may be amended or modified only with the written consent of
the Executive and the Chief Executive Officer. No oral waiver, amendment or
modification will be effective under any circumstances whatsoever.

11.4    Waiver. Either party’s failure to enforce any provision of this
Agreement shall not in any way be construed as a waiver of any such provision,
or prevent that party thereafter from enforcing each and every other provision
of this Agreement.

11.1    Governing Law. This Agreement will be governed by and construed in
accordance with the laws of the United States and the state of California
without reference to conflict of laws principles. Each party consents to the
jurisdiction and venue of the U. S. District Court, Southern California District
Court, or if such court does not have jurisdiction or will not accept
jurisdiction, in any court of general jurisdiction in the state of California.

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11.2    Severability. In case any one or more of the provisions contained in
this Agreement shall, for any reason, be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect the validity of any other provision of this Agreement, and such
provision(s) shall be deemed modified to the extent necessary to make it
enforceable.

11.3    Withholding Taxes. Notwithstanding anything else herein to the contrary,
the Company may withhold (or cause there to be withheld, as the case may be)
from any amounts otherwise due or payable under or pursuant to this Agreement
such federal, state and local income, employment, or other taxes as may be
required to be withheld pursuant to any applicable law or regulation.

11.4    Section Headings. The section headings in this Agreement are for
convenience only; they form no part of this Agreement and shall not affect its
interpretation.

11.5    Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, and all of which
together shall be deemed to be one and the same instrument.

THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY
UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES
HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW.
 
Byung K. Yi
Dated:
May 1, 2014
 
/s/ Byung K. Yi
 
 
 
 
 
INTERDIGITAL, INC.
Dated:
May 1, 2014
 
By:
/s/ William J. Merritt
 
 
 
William J. Merritt
Chief Executive Officer