Amended and Restated Executive Severance Agreement



 Exhibit 10.5 
 AMENDED AND RESTATED 
 EXECUTIVE SEVERANCE AGREEMENT

 December 22, 2008 
  

			
	 Brian Bronson
	  	
	 [Omitted]
	  	Executive
		
	 RadiSys Corporation, an Oregon corporation
	  	
	 5445 NE Dawson Creek Parkway
	  	
	 Hillsboro, OR 97124
	  	the Company

 1. Employment Relationship. Executive is currently employed by the Company as
Chief Financial Officer. Executive and the Company acknowledge that either party may terminate this employment relationship at any time and for any or no reason, provided that each party complies with the terms of this Agreement. 
 2. Release of Claims. In consideration for and as a condition precedent to receiving the severance benefits outlined in this
Agreement, Executive agrees to execute a Release of Claims in the form attached as Exhibit A (“Release of Claims”). Executive promises to execute and deliver the Release of Claims to the Company within 21 days (or, if required by
applicable law, 45 days) from the last day of Executive’s active employment. Executive shall forfeit the severance benefits outlined in this Agreement in the event that he fails to execute and deliver the Release of Claims to the Company in
accordance with the timing and other provisions of the preceding sentence or revokes such Release of Claims prior to the “Effective Date” (as such term is defined in the Release of Claims) of the Release of Claims. 
 3. Additional Compensation Upon Involuntary Termination. 
 3.1 Involuntary Termination. In the event of a Termination of Executive’s Employment (as defined in Section 5.1) other than
for Cause (as defined in Section 5.2), death or Disability (as defined in Section 5.3), and contingent upon Executive’s execution of the Release of Claims without revocation within the time period described in Section 2 above and
compliance with Section 8, Executive shall be entitled to the following benefits: 
 (a) As severance pay and in lieu of
any other compensation for periods subsequent to the date of termination, the Company shall pay Executive, in a lump sum, an amount equal to twelve (12) months of Executive’s annual base pay at the rate in effect immediately prior to the
date of termination. Severance pay that is payable under this Agreement shall be paid to Executive within 5 days following the “Effective Date” (as such term is defined in the Release of Claims) of the Release of Claims, and no later than
two and one-half months following the last day of the calendar year of the Termination of Executive’s Employment. Notwithstanding the foregoing, if at the time of payment any portion of such severance pay cannot be characterized as a
“short term deferral” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or as otherwise exempt from the provisions of Code Section 409A, and Executive is determined to be a
“specified employee” under Code Section 409A, then such portion of the severance pay shall be delayed until the date that is the earlier to occur of (i) Executive’s death or (ii) the date that is six months and one day
following the date of the Termination of Executive’s Employment. 







 (b) As an additional severance benefit, the Company will provide Executive with up to twelve
(12) months of continued coverage pursuant to COBRA under the Company’s group health plan at the level of benefits (whether single or family coverage) previously elected by Executive immediately before the Termination of Executive’s
Employment and to the extent that Executive elects to continue coverage during such 12-month period. 
 (c) The Company shall
pay Executive his stock-based incentive compensation plan payout under the RadiSys Corporation Long Term Incentive Plan pursuant to the terms of and within the periods specified in the Long Term Incentive Plan and shall pay Executive his stock-based
incentive compensation plan payout under each other stock-based incentive compensation plan maintained by the Company pursuant to the terms of and within the periods specified in each such other stock-based incentive compensation plan that may then
be applicable. The Company shall also pay Executive his cash-based incentive compensation plan payout earned but not yet received under each cash-based incentive compensation plan maintained by the Company, if any, for any performance period
completed prior to the Termination of Executive’s Employment, and, in addition, the Company shall pay Executive his cash-based incentive compensation plan payout for any then current performance period under each such cash-based incentive
compensation plan, pro-rated through the date of the Termination of Executive’s Employment. The amounts described in the preceding sentence, if any, shall be paid on the date Executive would otherwise have received each such payment if his
employment had not been terminated and, in any event, no later than two and one-half months following the last day of the calendar year for which the cash-based incentive compensation plan payout was earned. 
 (d) As an additional severance benefit, the Company will promptly (and in any event within five business days after a request by Executive
therefore) either pay or reimburse Executive for the costs and expenses of any executive outplacement firm selected by Executive; provided, however, that the Company’s liability hereunder shall be limited to the first $15,000 of such expenses
incurred by Executive and provided further, that any payment under this Section 3.1(d) must be received by Executive prior to the end of the second calendar year following the calendar year in which the Termination of Executive’s
Employment occurs. Executive shall provide the Company with reasonable documentation of the occurrence of such outplacement costs and expenses. 
 4. Withholding; Subsequent Employment. 
 4.1 Withholding. All
payments provided for in this Agreement are subject to applicable withholding obligations imposed by federal, state and local laws and regulations. 
 4.2 Offset. The amount of any payment provided for in this Agreement shall not be reduced, offset or subject to recovery by the Company by reason of any compensation earned by Executive as the
result of employment by another employer after termination. 
  

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 5. Definitions. 
 5.1 Termination of Executive’s Employment. Termination of Executive’s Employment means that the Company has terminated
Executive’s employment with the Company (including any subsidiary of the Company) other than for Cause (as defined in Section 5.2), death or Disability (as defined in Section 5.3). A Termination of Executive’s Employment is
intended to mean a termination of employment which constitutes a “separation from service” under Code Section 409A. 
 5.2 Cause. Termination of Executive’s Employment for “Cause” shall mean termination upon (a) the willful and continued failure by Executive to perform substantially Executive’s reasonably assigned duties with
the Company (other than any such failure resulting from Executive’s incapacity due to physical or mental illness) after a demand for substantial performance is delivered to Executive by the Company’s Board of Directors (the
“Board”), the Chief Executive Officer or the President of the Company which specifically identifies the manner in which the Board believes that Executive has not substantially performed Executive’s duties or (b) the willful
engaging by Executive in illegal conduct which is materially and demonstrably injurious to the Company. No act, or failure to act, on Executive’s part shall be considered “willful” unless done, or omitted to be done, by Executive
without reasonable belief that Executive’s action or omission was in, or not opposed to, the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board shall be
conclusively presumed to be done, or omitted to be done, by Executive in the best interests of the Company. 
 5.3
Disability. “Disability” means Executive’s absence from Executive’s full-time duties with the Company for 180 consecutive days as a result of Executive’s incapacity due to physical or mental illness, as determined by
Executive’s attending physician and in accordance with the Company’s Medical Leave of Absence Policy, unless within 30 days after notice of termination by the Company following such absence Executive shall have returned to the full-time
performance of Executive’s duties. This Agreement does not apply if the Executive is terminated due to Disability. 
 6.
Successors; Binding Agreement. This Agreement shall be binding on and inure to the benefit of the Company and its successors and assigns. This Agreement shall inure to the benefit of and be enforceable by Executive and Executive’s legal
representatives, executors, administrators and heirs. 
 7. Entire Agreement. The Company and Executive agree that the
foregoing terms and conditions constitute the entire agreement between the parties relating to the termination of Executive’s employment with the Company under the conditions described in Section 3, that this Agreement supersedes and
replaces any prior agreements relating to the matters covered by this Agreement, specifically the Executive Severance Agreement by and between Executive and the Company dated February 26, 2008, and that there exist no other agreements between
the parties, oral or written, express or implied, relating to any matters covered by this Agreement; provided, however, this Agreement does not supersede or replace the Amended and Restated Executive Change of Control Agreement by and between
Executive and the Company dated December 22, 2008. 
  

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 8. Resignation of Corporate Offices. Executive will resign Executive’s office,
if any, as a director, officer or trustee of the Company, its subsidiaries or affiliates and of any other corporation or trust of which Executive serves as such at the request of the Company, effective as of the date of termination of employment.
Executive agrees to provide the Company such written resignation(s) upon request and that no severance pay or other benefits will be paid until after such resignation(s) are provided. 
 9. Governing Law. This Agreement shall be construed in accordance with and governed by the laws of the State of Oregon, without
regard to its conflicts of laws provisions. 
 10. Amendment. No provision of this Agreement may be modified unless such
modification is agreed to in writing signed by Executive and the Company. 
 11. Severability. If any of the provisions
or terms of this Agreement shall for any reason be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other terms of this Agreement, and this Agreement shall be construed as if such unenforceable term had never
been contained in this Agreement. 
 12. Code Section 409A. This Agreement and the severance pay and other benefits
provided hereunder are intended to qualify for an exemption from Code Section 409A, provided, however, that if this Agreement and the severance pay and other benefits provided hereunder are not so exempt, they are intended to comply with Code
Section 409A to the extent applicable thereto. Notwithstanding any provision of this Agreement to the contrary, this Agreement shall be interpreted and construed consistent with this intent, provided that the Company shall not be required to
assume any increased economic burden in connection therewith. Although the Company intends to administer this Agreement so that it will comply with the requirements of Code Section 409A, the Company does not represent or warrant that this
Agreement will comply with Code Section 409A or any other provision of federal, state, local, or non-United States law. Neither the Company, its subsidiaries, nor their respective directors, officers, employees or advisers shall be liable to
Executive (or any other individual claiming a benefit through Executive) for any tax, interest, or penalties Executive may owe as a result of compensation paid under this Agreement, and the Company and its subsidiaries shall have no obligation to
indemnify or otherwise protect Executive from the obligation to pay any taxes pursuant to Code Section 409A. 
 RADISYS CORPORATION 

  

					
	 By:
	  	 /s/ Scott Grout
	  	             /s/ Brian
Bronson

		  	Scott C. Grout, President and CEO	  	            Brian Bronson

  

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 EXHIBIT A 
 RELEASE OF CLAIMS 
 1. Parties. 
 The parties to Release of Claims (hereinafter “Release”) are Brian Bronson and RadiSys Corporation, an Oregon corporation, as
hereinafter defined. 
 1.1 Executive and Releasing Parties. 
 For the purposes of this Release, “Executive” means Brian Bronson, and “Releasing Parties” means Executive and his
attorneys, heirs, legatees, personal representatives, executors, administrators, assigns, and spouse. 
 1.2 The Company.

 For the purposes of this Release, the “Company” means RadiSys Corporation, an Oregon corporation, and
“Released Parties” means the Company and its predecessors and successors, affiliates, and all of each such entity’s officers, directors, employees, insurers, agents, attorneys or assigns, in their individual and representative
capacities. 
 2. Background And Purpose. 
 Executive was employed by the Company. Executive’s employment is ending effective              under the conditions described in
Section 3.1 of the Amended and Restated Executive Severance Agreement (“Agreement”) by and between Executive and the Company dated             , 2008. 
 The purpose of this Release is to settle, and the parties hereby settle, fully and finally, any and all claims the Releasing Parties may
have against the Released Parties, whether asserted or not, known or unknown, including, but not limited to, claims arising out of or related to Executive’s employment, any claim for reemployment, or any other claims whether asserted or not,
known or unknown, past or future, that relate to Executive’s employment, reemployment, or application for reemployment. 
 3.
Release. 
 In consideration for the payments and benefits set forth in Section 3.1 of the Agreement and other
promises by the Company all of which constitute good and sufficient consideration, Executive, for and on behalf of the Releasing Parties, waives, acquits and forever discharges the Released Parties from any obligations the Released Parties have and
all claims the Releasing Parties may have as of the Effective Date (as defined in Section 4 below) of this Release, including but not limited to, obligations and/or claims arising from the Agreement or any other document or oral agreement
relating to employment, compensation, benefits, severance or post-employment issues. Executive, for and on behalf of the Releasing Parties, hereby releases the Released Parties from any and all claims, demands, actions, or causes of action,

  

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whether known or unknown, arising from or related in any way to any employment of or past failure or refusal to employ Executive by the Company, or any other past claim that relates in any way to
Executive’s employment, compensation, benefits, reemployment, or application for employment, with the exception of any claim Executive may have against the Company for enforcement of the Agreement. This Release includes any and all claims,
direct or indirect, which might otherwise be made under any applicable local, state or federal authority, including but not limited to any claim arising under state statutes dealing with employment, discrimination in employment, Title VII of the
Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans With Disabilities Act, the Family and Medical Leave Act of 1993, the Equal Pay Act of 1963, Executive Order 11246, the Rehabilitation Act of 1973, the Uniformed Services
Employment and Reemployment Rights Act of 1994, the Age Discrimination in Employment Act (“ADEA”), the Older Workers Benefit Protection Act, the Fair Labor Standards Act, the Oregon Fair Employment Practices Act, OR ST Section 659.030
et seq., Oregon wage and hour laws, OR ST Section 652.010 et seq., the Oregon Family Leave Act, OR ST Section 659A.150 et seq., state wage and hour statutes, all as amended, any regulations under such authorities, and any applicable
contract (express or implied), tort, or common law theories. Further, Executive, for and on behalf of the Releasing Parties, waives and releases the Released Parties from any claims that this Release was procured by fraud or signed under duress or
coercion so as to make the Release not binding. Executive is not relying upon any representations by the Company’s legal counsel in deciding to enter into this Release. Executive understands and agrees that by signing this Release Executive,
for and on behalf of the Releasing Parties, is giving up the right to pursue any legal claims that Executive or the Releasing Parties may have against the Released Parties. Provided, nothing in this provision of this Release shall be construed
to prohibit Executive from challenging the validity of the ADEA release in this Section of the Release or from filing a charge or complaint with the Equal Employment Opportunity Commission or any state agency or from participating in any
investigation or proceeding conducted by the Equal Employment Opportunity Commission or state agency. However, the Released Parties will assert all such claims have been released in a final binding settlement. 
 3.1 IMPORTANT INFORMATION REGARDING ADEA RELEASE. Executive understands and agrees that: 
  

	 	a.	this Release is worded in an understandable way; 

  

	 	b.	claims under the ADEA that may arise after the date of this Release are not waived; 

  

	 	c.	the rights and claims waived in this Release are in exchange for additional consideration over and above any consideration to which Executive was already undisputedly
entitled; 

  

	 	d.	Executive has been advised to consult with an attorney prior to executing this Release and has had sufficient time and opportunity to do so; 


 

	 	e.	 Executive has been given a period of time of 21 days (or, if required by applicable law, 45 days) (the “Statutory Period”), if desired, to
consider this Release and understands that Executive may revoke his waiver and release of any ADEA



  

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	 	    	claims covered by this Release within seven (7) days from the date Executive executes this Release. Notice of revocation must be in writing and received by RadiSys
Corporation, 5445 NE Dawson Creek Drive, Hillsboro, Oregon 97124 Attention: Vice President, Human Resources within seven (7) days after Executive signs this Release; 

  

	 	f.	any changes made to this Release, whether material or immaterial, will not restart the running of the Statutory Period. 

 3.2 Reservations Of Rights. 
 This Release shall not affect any rights which Executive may have under any medical insurance, disability plan, workers’ compensation, unemployment compensation, indemnifications, applicable company
stock incentive plan(s), or the 401(k) plan maintained by the Company. 
 3.3 No Admission Of Liability. 
 It is understood and agreed that the acts done and evidenced hereby and the release granted hereunder is not an admission of liability on
the part of Executive or the Company or the Released Parties, by whom liability has been and is expressly denied. 
 4.
Effective Date. 
 The “Effective Date” of this Release shall be the eighth day after it is signed by
Executive. 
 5. No Disparagement. 
 Executive agrees that henceforth Executive will not disparage or make false or adverse statements about the Company or the Released Parties. The Company should report to Executive any actions or
statements that are attributed to Executive that the Company believes are disparaging. The Company may take actions consistent with breach of this Release should it determine that Executive has disparaged or made false or adverse statements about
the Company or the Released Parties. 
 The Company agrees that henceforth the Company’s officers and directors will not
disparage or make false or adverse statements about Executive. Executive should report to the Company any actions or statements that are attributed to the Company’s officers and directors that Executive believes are disparaging. Executive may
take actions consistent with breach of this Release should it determine that the Company’s officers and directors have disparaged or made false or adverse statements about Executive. 
 6. Confidentiality, Proprietary, Trade Secret And Related Information 
 Executive acknowledges the duty and agrees not to make unauthorized use or disclosure of any confidential, proprietary or trade secret
information learned as an employee about the Company, its products, customers and suppliers, and covenants not to breach that duty.

  

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Moreover, Executive acknowledges that, subject to the enforcement limitations of applicable law, the Company reserves the right to enforce the terms of Executive’s Employee Agreement with
the Company and any section(s) therein. Should Executive, Executive’s attorney or agents be requested in any judicial, administrative, or other proceeding to disclose confidential, proprietary or trade secret information Executive learned as an
employee of the Company, Executive shall promptly notify the Company of such request by the most expeditious means in order to enable the Company to take any reasonable and appropriate action to limit such disclosure. 
 7. Scope Of Release. 
 The
provisions of this Release shall be deemed to obligate, extend to, and inure to the benefit of the parties; the Company’s parents, subsidiaries, affiliates, successors, predecessors, assigns, directors, officers, and employees; and each
party’s insurers, transferees, grantees, legatees, agents, personal representatives and heirs, including those who may assume any and all of the above-described capacities subsequent to the execution and Effective Date of this Release.

 8. Entire Release. 
 This Release and the Agreement signed by Executive contain the entire agreement and understanding between the parties and, except as reserved in Sections 3 and 6 of this Release, supersede and replace all prior agreements, written or oral,
prior negotiations and proposed agreements, written or oral. Executive and the Company acknowledge that no other party, nor agent nor attorney of any other party, has made any promise, representation, or warranty, express or implied, not contained
in this Release concerning the subject matter of this Release to induce this Release, and Executive and the Company acknowledge that they have not executed this Release in reliance upon any such promise, representation, or warranty not contained in
this Release. 
 9. Severability. 
 Every provision of this Release is intended to be severable. In the event any term or provision of this Release is declared to be illegal or invalid for any reason whatsoever by a court of competent
jurisdiction or by final and unappealed order of an administrative agency of competent jurisdiction, such illegality or invalidity should not affect the balance of the terms and provisions of this Release, which terms and provisions shall remain
binding and enforceable. 
 10. References. 
 The Company agrees to follow the applicable policy(ies) regarding release of employment reference information. 
 11. Parties May Enforce Release. 
 Nothing in this Release shall operate to
release or discharge any parties to this Release or their successors, assigns, legatees, heirs, or personal representatives from any rights, claims, or causes of action arising out of, relating to, or connected with a breach of any obligation of any
party contained in this Release. 
  

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 12. Governing Law. 
 This Release shall be construed in accordance with and governed by the laws of the State of Oregon, without regard to its conflicts of laws provisions. 
  

											
	  
	  	Dated:	  	  
	  	  
	 	,	  	  

	Brian Bronson	  		  		  		 		  	

  

					
	 STATE OF OREGON
	 	)	 	
		 	)	 	
	County of
                                         
             	 	)	 	

 Personally appeared the above named Brian Bronson and acknowledged the foregoing
instrument to be his voluntary act and deed. 
  

					
		 	 Before me:
	 	  

		 		 	 NOTARY PUBLIC – OREGON
 My commission expires:                            


  

							
	RADISYS CORPORATION	  		  	
				
	By:	  	  
	  	Dated:	  	  

	Its:	  	  
	  		  	
		  	On Behalf of RadiSys Corporation and “Company”	  		  	

  

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