Exhibit 10.1

 

 SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Amendment (the “Amendment”) to the Employment Agreement, by and between
Motorola, Inc. (“Motorola” or the “Company”) and Gregory Q. Brown (the
“Executive”) dated August 27, 2008, as amended on December 15, 2008 (the
“Employment Agreement”), is effective as of May 28, 2010. Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed to such terms
in the Employment Agreement.

 

1.             The first “WHEREAS” recital of the Employment Agreement hereby is
amended and restated in its entirety as set forth below:

 

WHEREAS, Motorola has announced a plan to create two independent publicly traded
companies (the “Separation Event”), one of which would own (directly or
indirectly) Motorola’s Mobile Devices Business (“MDB”) and one of which would
own (directly or indirectly) Motorola’s Enterprise Mobility Solutions and
Network Business (“BMS”), it being understood that BMS does not include
Motorola’s Home businesses (“Home”);

 

2.             Clause (B) of Section 3(a)(i) of the Employment Agreement hereby
is amended and restated in its entirety as set forth below:

 

(B) (1) Motorola’s General Counsel, (2) Motorola’s Chief Financial Officer,
(3) the head of Motorola’s Supply Chain, (4) the head of Motorola’s Public
Affairs/Communications Department and (5) the head of Motorola’s Human Resources
Department (clauses (1) through (5), the “Dual Reporting Group”) shall report
directly to the OC; provided, however, that (x) employees of BMS shall have
direct line reporting relationships to the Executive or his designees (including
any applicable member of the Dual Reporting Group) and (y) employees of MDB and
Home shall have direct line reporting relationships to Motorola’s other Co-Chief
Executive Officer or his designees (including any applicable member of the Dual
Reporting Group) (items (x) and (y), together, the “Reporting Rules”),

 

3.             Section 3(b)(iv)(F) of the Employment Agreement hereby is amended
by replacing each reference therein to “$3,333,333” with “$8,333,333”.

 

4.             Section 3(b)(iv)(G) of the Employment Agreement hereby is amended
by replacing each reference therein to “$1,666,667” with “$4,166,667”.

 

5.             Section 4(c)(vii) of the Employment Agreement hereby is amended
and restated in its entirety as set forth below:

 

(vii)  the Executive is not the sole Chief Executive Officer of Motorola on and
after September 1, 2011;

 

--------------------------------------------------------------------------------

 

6.             Notwithstanding anything to the contrary contained in the
Agreement, in no event shall Executive ceasing to have any title, position,
authority, duties or responsibilities with respect to Home constitute Good
Reason.

 

7.             Except as expressly amended by this Amendment, all terms and
conditions of the Employment Agreement remain in full force and effect and are
unmodified hereby, and, without limiting the foregoing provisions of this
Amendment, all references to “this Agreement” in the Employment Agreement shall
also refer to this Amendment.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

 

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the parties have executed or caused this Amendment to be
executed as of the day and year first above written.

 

 

 

GREGORY Q. BROWN

 

 

 

/s/ Gregory Q. Brown

 

 

 

 

 

MOTOROLA, INC.

 

 

 

/s/ Samuel C. Scott III

 

Name:

Samuel Scott

 

Title:

Chairman, Compensation

 

 

and Leadership Committee

 

--------------------------------------------------------------------------------