EX-10.7





 Exhibit 10.7 

[VIZIO LETTERHEAD] 
 [DATE] 

[FULL NAME] 
 c/o VIZIO, Inc. 

39 Tesla 
 Irvine, California 92618 

 

	Re:	 Confirmatory Employment Letter 



Dear [FIRST NAME]: 
 This letter agreement (the
“Agreement”) is entered into between [FULL NAME] (“you”) and VIZIO, Inc. (the “Company” or “we”). This Agreement is effective as of the date you sign it, as indicated below. The purpose of this Agreement is to
confirm the current terms and conditions of your employment. 
 1. Position. Your position will continue to be [POSITION], and you
will continue to report to the Company’s [REPORTING TITLE] or to such other person as the Company subsequently may determine. This is a full-time position. You will perform the duties and have the responsibilities and authority customarily
performed and held by an employee in your position or as otherwise may be assigned or delegated to you by the Company. While you render services to the Company, you will not engage in any other employment, consulting or other business activity
(whether full-time or part-time) that would create a conflict of interest with the Company. By signing this Agreement, you reconfirm to the Company that you have no contractual commitments or other legal
obligations that would prohibit you from performing your duties for the Company. 
 2. Cash Compensation. Your current annual base
salary is $[BASE SALARY], which will be payable, less applicable withholdings and deductions, in accordance with the Company’s normal payroll practices. Your annual base salary will be subject to review and adjustment based upon the
Company’s normal performance review practices. 
 3. Annual Bonus. You are eligible to earn an annual cash bonus with a target
value of [BONUS PERCENTAGE] of your base salary, based on achieving performance objectives established by the Company’s Board of Directors (the “Board”) or an authorized committee thereof (the “Committee”) in its sole
discretion and payable upon achievement of those objectives as determined by the Committee. If any portion of such bonus is earned, it will be paid when practicable after the Committee determines it has been earned, subject to you remaining employed
with the Company through the payment date. Your annual bonus opportunity will be subject to review and adjustment based upon the Company’s normal performance review practices. In addition, the Board and/or the Committee may, in its direction,
grant you discretionary bonuses from time to time. 
 4. Equity Awards. You will be eligible to receive awards of stock options,
restricted stock units or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Committee will determine in its discretion whether you will be granted any such equity awards and the terms of
any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time. 

  
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 5. Employee Benefits. As a regular full time employee of the Company, you will
continue to be eligible to participate in Company-sponsored benefits in accordance with the terms of the Company’s policies and benefits plan and receive any perquisites as may be provided by the Company from time to time. In addition, you will
continue to be entitled to paid vacation in accordance with the Company’s vacation policy, as in effect from time to time. Information regarding coverage, eligibility, and other information regarding these benefits is set forth in more detailed
documents that are available from the Company. With the exception of the Company’s at-will employment policy, discussed below, the Company may, from time to time, in its sole discretion, modify or
eliminate its policies and/or benefits offered to employees. 
 6. Severance. You will be eligible to enter into a Change in Control
and Severance Agreement (the “Severance Agreement”) applicable to you based on your position with the Company. The Severance Agreement will specify the severance payments and benefits you would be eligible to receive in connection with
certain terminations of your employment with the Company. These protections will supersede all other severance payments and benefits you would otherwise currently be eligible for to, or would become eligible for in the future, under any plan,
program or policy that the Company may have in effect from time to time. 
 7. Proprietary Information and Inventions Agreement. As an
employee of the Company, you will continue to have access to certain confidential information of the Company and you may, during the course of your employment, develop certain information or inventions that will be the property of the Company. To
protect the interests of the Company, your acceptance of this Agreement confirms that the terms of the Company’s Employee Proprietary Information and Inventions Agreement you previously signed with the Company (the “EPIIA”) still
apply. 
 8. Employment Relationship. Employment with the Company will continue to be for no specific period of time. Your employment
with the Company will continue to be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. Any contrary representations that may have been made to you are
superseded by this Agreement. This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change
from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company (other than you). 

9. Protected Activity Not Prohibited. Nothing in this Agreement or in any other agreement between you or the Company, as applicable,
will in any way limit or prohibit you from engaging for a lawful purpose in any Protected Activity. For purposes of this Agreement, “Protected Activity” means filing a charge or complaint, or otherwise communicating, cooperating, or
participating with, any state, federal, or other governmental agency, including but not limited to the U.S. Securities and Exchange Commission, the Equal Employment Opportunity Commission, and the National Labor Relations Board. Notwithstanding any
restrictions set forth in this Agreement or in any other agreement between you or the Company, as applicable, you understand that you are not 

  
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required to obtain authorization from the Company prior to disclosing information to, or communicating with, such agencies, nor are you obligated to advise the Company as to any such disclosures
or communications. In making any such disclosures or communications, you agree to take all reasonable precautions to prevent any unauthorized use or disclosure of any information that may constitute confidential information (within the meaning of
the EPIIA) to any parties other than the relevant government agencies. You further understand that “Protected Activity” does not include the disclosure of any Company attorney-client privileged communications, and that any such disclosure
without the Company’s written consent will constitute a material breach of this Agreement. You acknowledge that the Company has provided you with notice in compliance with the Defend Trade Secrets Act of 2016 regarding immunity from liability
for limited disclosures of trade secrets. The full text of the notice is attached in Exhibit A. 
 10. Miscellaneous. This Agreement,
along with the EPIIA and the Severance Agreement, constitute the entire agreement between you and the Company regarding the subject matters discussed herein, and they supersede all prior negotiations, representations or agreements between you and
the Company. This Agreement may only be modified by a written agreement signed by you and the [Company’s Chief Executive Officer]. 

To confirm the current terms and conditions of your employment, please sign and date in the spaces indicated and return this Agreement to the
Company. 
  

			
	Sincerely,
	
	VIZIO, Inc.
		
	By:	 	              

	[SIGNATORY FULL NAME]
	[SIGNATORY TITLE]


 I have read and understood this Agreement and hereby acknowledge, accept and agree to the terms as set
forth herein and further acknowledge that no other commitments were made to me as part of my employment offer except as specifically set forth herein. 
  

	
	          

	[EMPLOYEE FULL NAME]
	Date: ________________


  
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 Exhibit A 

SECTION 7 OF THE DEFEND TRADE SECRETS ACT OF 2016 

“ . . . An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a
trade secret that—(A) is made—(i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation
of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. . . . An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law
may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual—(A) files any document containing the trade secret under seal; and (B) does not disclose the
trade secret, except pursuant to court order.” 

  
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