exv10w62






Exhibit 10.62




Amended and Restated

ASYST TECHNOLOGIES, INC.

CHANGE IN CONTROL AGREEMENT




          THIS CHANGE IN CONTROL AGREEMENT (this “Agreement”) is made and entered into as of December
31, 2008 (the “Effective Date”), by and between Asyst Technologies, Inc., a California corporation
(including, in the event of merger, acquisition, Change in Control or corporate dissolution or
succession, any parent or successor entities, “Asyst”), and [                    ] (the “Executive”).




          WHEREAS, Asyst considers it essential to foster the continued employment of key management
personnel and recognizes the distraction and disruption that the possibility of a Change in Control
(as defined in Section 1(g), below) may raise, to the detriment of Asyst and its stockholders; and




          WHEREAS, Asyst has determined to amend, extend and restate certain protections provided by
this Agreement in order to reinforce and encourage the continued attention and dedication of key
management personnel to their assigned duties in the face of a possible Change in Control.




          NOW, THEREFORE, in consideration of the promises and the mutual covenants contained herein,
Asyst and the Executive hereby agree as follows:




          This Agreement shall specifically supersede and replace that Change-in-Control Agreement
between Asyst and Executive, dated [                    ], which agreement is deemed cancelled as of the
Effective Date.




     1. DEFINITIONS.



          (a) “Annual Base Salary” shall mean, as of any point in time, the annual



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base salary of Executive, as may be adjusted from time to time by Asyst.




          (b) “Anticipatory Involuntary Termination” shall mean a termination (x) by Asyst of
Executive’s employment for any reason other than for Causeor (y) by Executive for Good Reason, that
occurs within the 12 months prior to the date on which a Change in Control occurs, and it is
reasonably demonstrated by Executive that such termination of employment (I) was at the request of,
was due to or resulted from a third party that had taken steps reasonably calculated to effect such
Change in Control or (II) otherwise arose in connection with or was due to or resulted from an
anticipation of a Change in Control, and such Change in Control is consummated.




          (c) “Base Salary” shall mean, as of any point in time, the current portion of the Annual Base
Salary.




          (d) “Beneficial Owner” shall have the meaning defined in Rule 13d-3 under the Securities
Exchange Act of 1934 (as amended).




          (e) “Beneficiary” shall mean (i) the person or persons named by Executive pursuant to Section
15, below, or (ii) in the event of his or her death, if no person is designated Beneficiary and
survives Executive, his or her estate.




          (f) “Board” shall mean the Board of Directors of Asyst.




          (g) “Cause” shall mean the occurrence, without the Board’s express written consent, and when
substantiated and demonstrated in advance of any termination by Asyst of the Executive by formal
action, as manifested by delivery to Executive of a copy of the resolution duly adopted by the
affirmative vote of not less than a super-majority of its members (excluding Executive, if
Executive is a member of the Board) at a meeting of the Board called and held for



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such purpose (after reasonable notice is provided to Executive and Executive is given an
opportunity, together with counsel for Executive, to be heard before the Board) finding that, in
the good faith determination of the Board, Executive is guilty of any one of the following
specific material acts or omissions by Executive:




               (i) Executive’s conviction in a court of law of, or entry of a guilty plea or plea of no
contest to, a felony charge (whether subject to appeal);



               (ii) willful or continued failure by Executive to perform his or her material duties or
obligations under this Agreement and/or as an officer or senior executive of Asyst;



               (iii) willful or continued engagement by Executive in misconduct that is demonstrably and
materially injurious to Asyst;



               (iv) gross negligence by Executive during the performance of the duties of his or her position
resulting in demonstrable and material injury to Asyst;



               (v) entry by a court or governmental or regulatory agency of the United States, or a political
subdivision thereof, of an order barring Executive from serving as an officer or director of a
public company;



               (vi) willful or continued breach by Executive of a material duty or obligation under Asyst’s
Code of Business Conduct then in effect; or



               (vii) willful or continued breach by Executive of his or her confidentiality obligations to
Asyst, under this Agreement or otherwise.



          For the purposes of this definition, no act or failure to act on the part of Executive shall
be deemed “willful” to the extent (x) caused by Disability or (y) unless it is done, or



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omitted to be done, by him or her in bad faith or without reasonable belief that his or her act or
omission was in the best interest of Asyst. Such formal action by resolution of the Board by a
super-majority of its members shall expressly provide in reasonable detail the specific acts,
circumstances and bases for the Board’s good faith for Cause determination that is the bases for
the Executive’s termination. In addition, any termination by Asyst of Executive that is attributed
to an occurrence which was with the Board’s express written consent, or which was not substantiated
and demonstrated in advance of any termination of the Executive by formal action by a
super-majority of its members, shall be deemed without Cause.




          (h) “Change in Control” shall mean occurrence of any of the following:




               (i) acquisition by an individual, an entity or a group (excluding Asyst or an employee benefit
plan of Asyst, or a corporation controlled by Asyst’s shareholders) of 30 percent or more of
Asyst’s common stock or voting securities;



               (ii) change in composition of the Board (other than by retirement or voluntary termination of
service) occurring within a rolling two-year period, as a result of which fewer than a majority of
the directors at the end of such rolling two-year period are Incumbent Directors (“Incumbent
Directors” shall mean directors who either are members of the Board (x) as of the beginning of such
rolling two-year period or (y) prior to any Business Combination are elected, or nominated for
election, to the Board with the affirmative votes of at least a majority of such directors at the
time of such election or nomination, but shall not include an individual not otherwise an Incumbent
Director whose election or nomination is in connection with an actual or threatened proxy contest);
or



               (iii) consummation of a complete liquidation or dissolution of Asyst or



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a merger, consolidation, transfer or sale of all or substantially all of Asyst’s assets
(collectively, a “Business Combination”), but which shall not include a Business Combination (x) in
which the shareholders of Asyst receive 50 percent or more of the stock resulting from the Business
Combination, (y) in which at least a majority of the board of directors of the resulting
corporation comprise Incumbent Directors and (z) after which no individual, entity or group
(excluding any corporation resulting from the Business Combination or any employee benefit plan of
such corporation or of Asyst) owns 30 percent or more of the stock of the resulting corporation,
who did not own such stock immediately before the Business Combination.




          (i) “Code” shall mean the Internal Revenue Code of 1986, as from time to time amended.




          (j) “Committee” shall mean the Compensation Committee of the Board.




          (k) “Date of Termination” shall mean, with respect to any actual or purported termination of
Executive’s employment during the Term of Agreement, the following:




               (i) if his or her employment terminates by death, the date of death; or



               (ii) if his or her employment terminates for any other reason, the date specified in the
Notice of Termination, whether provided by Asyst or Executive. Anything in the foregoing to the
contrary notwithstanding, for purposes of the payment of any Deferred Compensation Benefits (as
hereinafter defined), “Date of Termination” shall mean the date Executive experiences a Separation
from Service (as hereinafter defined).



          (l) “Disability” shall mean Executive’s inability reasonably to perform the essential duties
as an officer or senior executive of Asyst by reason of a physical or mental disability or
infirmity, with or without reasonable accommodation, as determined in writing by a



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physician reasonably acceptable to Asyst and Executive, which disability or infirmity has continued
for more than six consecutive months or an aggregate of nine months in any 12-month period.




          (m) “Effective Date” shall mean the date indicated in the first paragraph of this Agreement.




          (n) “Fiscal Year” shall mean the 12-month fiscal period then in effect as determined and
reported by Asyst.




          (o) “Good Reason” shall mean the occurrence, without Executive’s prior express written
consent, of any one of the following specific material acts or omissions by Asyst (but shall not
include acts or omissions whose affect on Executive is de minimis or not material), subject to the
opportunity to correct, cure or remedy the Good Reason as provided in Section 4, below:




               (i) Executive’s removal from his or her position as an executive of Asyst or a substantial
adverse alteration in the nature of his or her authority, duties or responsibilities as an
executive of Asyst (including (x) the assignment to Executive of any duties substantially
inconsistent with his or her position as an executive of Asyst, or (y) a substantial change in the
reporting of Executive (including, solely as a result of the Company ceasing to be a publicly
traded company), or any other action by Asyst that results in substantial diminution in such
authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial or
inadvertent action that is remedied promptly by Asyst, after receipt of a notice from Executive as
provided in Sections 4 and 20, below, describing such isolated, insubstantial or inadvertent
action;



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               (ii) reduction by Asyst in Executive’s Base Salary and/or annual target bonus as in effect on
the Effective Date, or as the same may be adjusted from time to time, except for across-the-board
reductions similarly and proportionately affecting all senior executives of Asyst; provided,
however, that such across-the-board reductions are not made as a result of, or in contemplation of,
a Change in Control;



               (iii) failure by Asyst to continue in effect any compensation plan or other senior executive
incentive program in which Executive participates and that is material to his or her total
compensation, except pursuant to an across-the-board elimination, deferral or reduction similarly
and proportionately affecting all senior executives of Asyst; provided, however, that such
across-the-board elimination, deferral or reduction is not made as a result of, or in contemplation
of, a Change in Control;



               (iv) relocation of Asyst’s principal place of business or the Executive’s principal place of
work to a location more than 30 miles from the location of such office on the Effective Date;



               (v) imposition of substantially increased travel as a requirement or obligation of employment
or the Executive’s continuing responsibilities; or



               (vi) failure of a successor to all or substantially all of the business and/or assets of
Asyst, and/or such entity as succeeds, constitutes or comprises Asyst following a Change in
Control, expressly in writing to assume and agree to perform this Agreement in full and in the same
manner and to the same extent that Asyst is required to perform it.



          (p) “Letter of Intent” shall mean an executed (or if execution is not contemplated, an
indication by the parties memorialized in writing to the contemplated



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transaction manifesting their approval) letter of intent, term sheet or similar document setting
forth the material terms of a contemplated transaction that would constitute, if consummated, a
Change in Control.




          (q) “Notice of Termination” shall mean delivery of written notice by one party and receipt
thereof by the other party in accordance with Sections 4 and 20, below.




          (r) “Involuntary Termination” shall mean a termination of Executive’s employment (x) by Asyst
without Cause, (y) due to Executive’s death or disability or (z) by Executive for Good Reason, in
each of the foregoing cases, within two years following the date a Change in Control occurs.




          (s) “Performance-Based Awards” shall mean any equity awards or other long-term incentive
awards for which the vesting is based on the accomplishment of certain performance criteria,
including, without limitation, the restricted stock awards granted to Executive under the Company’s
2001 Non-Officer Equity Plan or 2003 Equity Incentive Plan. Awards for which the vesting is based
on continued service only shall not be considered Performance-Based Awards.




          (t) “Section 409A” shall mean Section 409A of the Code, as amended, and any final regulations
and guidance promulgated thereunder.




          (u) “Target Bonus” shall mean the annual target bonus for the Executive for a given fiscal
year under Asyst’s performance-based annual incentive compensation plan (which annual target bonus
is typically expressed as a percentage of the Executive’s Annual Base Salary in effect for such
fiscal year).




     2. TERM OF AGREEMENT



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          The Term of this Agreement shall commence on the Effective Date and shall terminate on March
31, 2011, unless it is earlier terminated by Asyst for Cause or voluntarily by Executive, or to the
specific extent otherwise amended or extended by written agreement of the parties; provided,
however, that, if a Change in Control shall occur or Letter of Intent has been received and/or
executed (or otherwise agreed to) on or prior to March 31, 2011, the Term of Agreement shall
continue in effect until the later of (x) 24 months after the date on which such Change in Control
occurs or Letter of Intent has been received and/or executed (or otherwise agreed to) or (y) March
31, 2011.




          (a) Termination for Cause. Executive understands, acknowledges and agrees that Asyst may
terminate his or her employment for Cause at any time, upon two (2) weeks written notice. During
the period of such notice, the Executive may be relieved of his or her daily, general and specific
responsibilities. Asyst is not required to provide Executive any opportunity or period to correct,
cure or remedy the event or condition that constitutes Cause in order to reinstate his or her
employment.




          (b) Voluntary Termination by Executive. Asyst understands, acknowledges and agrees that
Executive may terminate his or her employment voluntarily at any time, upon two (2) weeks written
notice.




          (c) Entitlement upon Termination by Asyst for Cause or Voluntarily by Executive. In the event
the Executive’s employment is terminated by Asyst for Cause or voluntarily by Executive, Executive
understands, acknowledges and agrees that he or she will be entitled to the following compensation
and benefits as Executive’s sole compensation, and Asyst shall have, sue or owe no other obligation
or liability to Executive, under this Agreement or



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otherwise, in respect of the conduct or termination of Executive’s employment.




               (i) Base Salary through the Date of Termination;



               (ii) payment in lieu of any accrued but unused vacation in accordance with Asyst’s policy and
procedures and applicable laws;



               (iii) any annual performance bonus for any completed fiscal year, deemed earned, due and
payable but not yet paid to Executive;



               (iv) any deferred compensation deemed earned and due under any incentive compensation plan of
Asyst or any deferred compensation agreement then in effect;



               (v) any other right, compensation, payment or benefit, including without limitation long-term
incentive compensation, benefits under equity awards, and employee benefits that have vested
through the Date of Termination or to which Executive may then be entitled in accordance with the
applicable terms of each award or plan; and



               (vi) reimbursement of any reasonable and appropriate business expenses incurred by Executive
through the Date of Termination but not yet paid to Executive.



     3. ENTITLEMENT UPON TERMINATION BY ASYST WITHOUT CAUSE, DUE TO DEATH OR DISABILITY OR BY THE
EXECUTIVE FOR GOOD REASON IN CONNECTION WITH CHANGE IN CONTROL. In the event, during the Term of
the Agreement, that Executive’s employment is terminated as a result of an Involuntary Termination
or an Anticipatory Involuntary Termination (to the extent permitted in Section 5(a) hereof), then
the Executive shall be entitled to the following rights, compensation, payments and benefits:



          (a) General Entitlement




               (i) Base Salary through the Date of Termination;



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               (ii) payment in lieu of any accrued but unused vacation in accordance with Asyst’s policy and
procedures and applicable laws;



               (iii) any annual bonus deemed earned, due and payable but not yet paid to Executive;



               (iv) any deferred compensation deemed earned and due under any incentive compensation plan of
Asyst or any deferred compensation agreement then in effect;



               (v) any other right, compensation, payment or benefit, including without limitation long-term
incentive compensation, benefits under equity awards, and employee benefits that have vested
through the Date of Termination or to which Executive may then be entitled in accordance with the
applicable terms of each award or plan; and



               (vi) reimbursement of any reasonable and appropriate business expenses incurred by Executive
through the Date of Termination but not yet paid to Executive.



          (b) Change in Control Entitlement




               (i) an amount in cash representing an annual bonus under Asyst’s performance-based annual
incentive compensation plan for the Fiscal Year in which Executive’s termination occurs, prorated
to the Date of Termination utilizing as the pro ration factor a fraction, the numerator of which is
the number of days in the current Fiscal Year through the Date of Termination and the denominator
of which is 365. Such annual bonus payment shall be based on the then-current annual Target Bonus
for Executive, and shall assume 100 percent achievement of individual and corporate performance
targets and objectives;



               (ii) an amount in cash equal to two times Executive’s Annual Base Salary, at the rate in
effect immediately before the Date of Termination;




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               (iii) an amount in cash equal to two times the average of Executive’s annual Target Bonus for
Executive for the three most recently completed Fiscal Years (assuming 100 percent achievement of
individual and corporate performance targets and objectives with respect to such Target Bonus,
regardless of whether any such Target Bonus amount was actually paid) preceding the Date of
Termination.  For example:



                                (A)      if, as of the Date of Termination, the Executive’s Target Bonuses for the
three most recently completed fiscal years were FY-1 – 50 percent, FY-2 – 75 percent, and FY-3 – 75
percent, respectively, then the average of Executive’s Target Bonuses for the three most recently
completed Fiscal Years would be 67 percent, and the amount in cash payable to the Executive would
be two times Executive’s Annual Base Salary multiplied by 67 percent.



               (iv) continuing Asyst-paid coverage under the life, disability, accident, medical, health,
dental and vision insurance programs covering senior executives of Asyst generally, then in-effect,
to the extent permitted under COBRA coverage or the terms of other such programs, for the two-year
period from such termination or, if earlier, through such date as Executive becomes eligible for
substantially similar coverage under the employee benefit plans of a new employer; provided that
Executive agrees that the period of such continuation coverage under such plans shall count against
any obligation by the plan or Asyst to provide continuation coverage pursuant to COBRA; provided,
however, that any portion the benefit coverage contemplated in this Section 3(b)(iv) that is exempt
from Section 409A as a separation payment (including reimbursements and in-kind benefits) shall not
extend beyond the last day of the second calendar year in which Executive experiences a Separation
from Service (as hereinafter



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defined), and any related reimbursements for such expenses shall not
be paid following the third
calendar year following the calendar year in which Executive experiences a Separation from
Service; and provided further, however, that, in order to comply with Section 409A, any portion of
the benefit continuation coverage, which is not excludible from Executive’s income for Federal
income tax purposes, that is provided in any given calendar year shall not affect the amount of
such benefits that the Company is obligated to pay or provide in any other calendar year,
Executive’s right to have the Company provide such benefits may not be liquidated or exchanged for
any other benefit, and to the extent the benefit is provided in the form of reimbursement, any
reimbursement of such benefits must be made no later than the end of the calendar year next
following the calendar year in which such expenses were incurred, and the provision of such
benefits shall otherwise comply with the requirements of Section 409A applicable to reimbursement
arrangements; and




               (v) accelerated, immediate and unconditional vesting of all unvested stock options and other
equity awards (including Performance-Based Awards) previously granted to Executive and, for the
one-year period following the Date of Termination, the right to exercise any such stock options and
other equity rights held by Executive.



          (c) Asyst shall provide Executive 30 days’ Notice of Termination of Executive’s employment
without Cause, and Executive shall comply with Section 4, below, regarding the Notice of
Termination of his or her employment for Good Reason.




     4. CONDITIONS ON EXECUTIVE’S RIGHT TO TERMINATE EMPLOYMENT FOR GOOD REASON. Executive’s right
to terminate his or her employment for Good Reason shall not be affected by Executive’s incapacity
due to physical or



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mental illness. In order for Executive to terminate his or her employment for
Good Reason, and to be eligible to receive the rights, payments and benefits provided under
subsections 3(a) and
(b), above, Executive must satisfy the following requirements:




          (a) Executive must deliver a Notice of Termination to Asyst, which written notice shall
indicate the specific provision or provisions in the definition of Good Reason relied upon as a
basis for termination and shall describe the specific facts and circumstances in sufficient detail
to identify the specific act, omission, event or condition that constitutes Good Reason as the
basis for such termination of Executive’s employment. Executive must deliver such Notice of
Termination no later than 90 days of Executive’s initial determination of the existence of such
specific act, omission, event or condition that constitutes Good Reason as the basis for such
termination of Executive’s employment.




          (b) Upon receipt of such written notice, Asyst must have at least 30 days to correct, cure or
remedy the event or condition that constitutes Good Reason and fail to do so in that period. If
Asyst corrects, cures or remedies the Good Reason, Executive’s Notice of Termination shall be
deemed withdrawn and Asyst shall not be required to provide or pay the rights, payments or benefits
under subsections 3(a) and (b), above.




          (c) Executive must not have consented to the event or condition that constitutes Good Reason.
Executive’s continued employment shall not constitute consent to, or a waiver of rights by
Executive with respect to, any act or omission constituting Good Reason as the basis for such
termination of Executive’s employment.




          (d) Notwithstanding any other provision, in no event may Executive terminate his or her
employment for Good Reason as of a Date of Termination that is more than two years
following the
initial existence of the specific event or condition that constitutes Good Reason.



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     5. TIMING AND DETERMINATION OF AMOUNT OF PAYMENT.



          (a) Generally, amounts to be paid to the Executive upon termination of
employment under this Agreement other than amounts payable upon an Anticipatory Involuntary
Termination, which shall be paid in accordance with the last sentence of this subsection 5(a),
shall be paid in a cash lump sum within 60 business days after the Date of Termination, except
that (x) the payment of any equity awards may be made (in Asyst’s sole discretion) in shares and
(y) in the event it is determined that the Executive is a “Specified Employee” as defined in
Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the “Code,” and such
employee, a “Specified Employee”), any payment to be made under this Agreement that is
“nonqualified deferred compensation” subject to Section 409A of the Code shall be delayed as
provided in Section 16, below. In the event of an Anticipatory Involuntary Termination, any
payments that are Deferred Compensation Benefits (as hereinafter defined) shall be paid in a cash
lump sum within 30 business days following the date of the Change in Control and only to the extent
the Change in Control is a “change in control event” within the meaning of Section 409A; provided,
however, that if Executive is a Specified Employee and the Delayed Payment Date (as hereinafter
defined) is later than the date of the Change in Control, the payment of the Deferred Compensation
Benefits shall be paid in a cash lump sum on the Delayed Payment Date. The payment of any amounts
upon an Anticipatory Involuntary Termination that are not Deferred Compensation Benefits shall be
paid within 60 days following the date of the Change in Control regardless of whether the Change in
Control is a “change in control event” within the meaning of Section 409A.



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          (b) Determination of Amount of Payment.




               (i) for purposes any payments contemplated under Section 3(b)(i) through (iii), above, such
payments shall be calculated on the basis of the Executive’s Annual Base Salary in-effect
immediately before the Date of Termination, but unadjusted for any
reduction then in-effect for Executive (whether with respect to Executive only or with respect
to an across-the-board reduction similarly and proportionately affecting all senior executives of
Asyst); and



               (ii) notwithstanding the foregoing subsection 5(b)(i), in the event that any rights,
compensation, payments or benefits received or to be received by Executive pursuant to this
Agreement (“Payments”) would (x) constitute a “parachute payment” within the meaning of Section
280G of the Code and (y) but for subsection 5(a), be subject to the excise tax imposed by Section
4999 of the Code (the “Excise Tax”), then such Payments shall be reduced to the maximum amount that
would result in no portion of the payments being subject to Excise Tax, but only if and to the
extent that such a reduction would result in Executive’s receipt of Payments that are greater than
the net amount that he would receive hereunder (after application of the Excise Tax) if no
reduction were made.



          (c) Tax Reductions. The amount of required reduction, if any, shall be the smallest amount so
that Executive’s net proceeds with respect to the Payments (after taking into account payment of
any Excise Tax) shall be maximized, as determined by Executive. Executive’s determination of any
required reduction pursuant to subsection 5(b) shall be conclusive and binding upon Asyst, which
shall reduce Payments accordingly only upon written notice from Executive indicating the amount of
such reduction, if any; provided, however, that,



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anything to the contrary in the foregoing
notwithstanding, in order to comply with Section 409A, payments or benefits that constitute
Deferred Compensation Benefits shall be reduced or eliminated last in time. If the Internal
Revenue Service (the “IRS”) determines that a Payment is subject to Excise Tax, then the following
paragraph shall apply.




          (d) Liability for Excise Taxes. Notwithstanding any reduction described in
the immediately preceding paragraph (or in the absence of any such reduction), if the IRS
determines that Executive is liable for Excise Tax as a result of receipt of Payments, then Asyst
shall allow Executive to pay back to Asyst, within 30 days after final IRS determination, an amount
of the Payments equal to the “Repayment Amount.” The Repayment Amount shall be the smallest such
amount, if any, as shall be required to be paid to Asyst so that Executive’s net proceeds with
respect to the Payments (after taking into account payment of the Excise Tax imposed on such
Payments) shall be maximized. Notwithstanding the foregoing, the Repayment Amount shall be zero if
a Repayment Amount of more than zero would not eliminate the Excise Tax imposed on the Payments.
If the Excise Tax is not eliminated pursuant to this paragraph, Executive shall pay it.




          (e) Release. Asyst may require in its sole discretion, and at any time as a condition of
receiving any right, compensation, payment or benefit under this Agreement in conjunction with a
Change in Control, that (x) Executive execute at the time of such termination of employment and
abide by the terms of a general release of claims against Asyst and its affiliates and agents
substantially in the form attached hereto as Exhibit A (“General Release”), and (y)
reaffirm in an executed document Executive’s confidentiality obligations to Asyst consistent with
this Agreement and the terms of Asyst’s standard Proprietary or Confidential



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Information and
Inventions Assignment Agreement then in effect; provided, however, that, in order to comply with
Section 409A, any of the foregoing requirements shall be completed by Executive (after taking into
consideration any revocation period mandated under applicable law), within such time that the
payments or benefits contemplated under this Agreement are made (or are commenced to be made)
within the period contemplated in this Section 5, it being understood that Executive shall forfeit
the right to payments and benefits under this Agreement if the
foregoing requirements are not completed in time to make the payments within the requisite period.




     6. CONFIDENTIAL INFORMATION.



          (a) Acknowledgments. Executive acknowledges that:




               (i) as a result of his or her employment with Asyst, Executive has obtained and will obtain
secret and confidential information concerning the business of Asyst, including, without
limitation, the identity of customers and sources of supply, their needs and requirements, the
nature and extent of contracts with them, and related cost, price and sales information;



               (ii) Asyst will suffer damage that will be difficult to compute if, during the Term of
Employment or thereafter, Executive should divulge secret and confidential information relating to
the business of Asyst heretofore or hereafter acquired by him or her in the course of his or her
employment with Asyst; and



               (iii) the provisions of this Section 6 are reasonable and necessary for the protection of the
business of Asyst.



          (b) Confidential Information. Executive agrees that he will not at any time,



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either during
the Term of Employment or thereafter, divulge to any person, firm or corporation any confidential
information obtained or learned by him or her during the course of employment with Asyst with
regard to the operational, financial, business or other affairs of Asyst, its officers and
directors, including, without limitation, trade “know how,” secrets, customer lists, sources of
supply, pricing policies, operational methods or technical processes. In this regard, Executive
agrees to execute and at all times be bound by Asyst’s standard Proprietary or Confidential
Information and Inventions Assignment Agreement, as may be amended by Asyst from time to
time (the “Proprietary Information and Inventions Agreement”). To the specific extent the terms of
the Proprietary Information and Inventions Agreement conflict with the terms of this Agreement,
such terms of this Agreement will control.




          (c) Remedies and Sanctions. In the event that Executive is found to be in violation of this
Section 6 (including the Proprietary Information and Inventions Agreement), Asyst shall be entitled
to relief as provided in Section 7, below.




     7. INJUNCTIVE RELIEF.



          (a) If Executive commits a breach, or threatens to commit a breach, of any material provision
of Section 6, above, Asyst shall have the right and remedy to seek to have the provisions of this
Agreement specifically enforced by any court having equity jurisdiction, it being acknowledged and
agreed by Executive that the services rendered hereunder to Asyst are of a special, unique and
extraordinary character and that any such breach or threatened breach will cause irreparable injury
to Asyst, for which monetary damages will not provide an adequate remedy. The rights and remedies
enumerated in this subsection (a) shall be independent of the other and shall be severally
enforceable, and such rights and remedies shall be in addition to, and not in lieu of, any other
damages, rights and remedies available to Asyst under law or equity.



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          (b) If any provision of Section 6, above, is held to be unenforceable because of the scope,
duration or area of its applicability, the tribunal making such determination shall have the power
to modify such scope, duration or area, or all of them, and any such provision shall then be
applicable in such modified form.




     8. WITHHOLDING TAXES.



          All payments to Executive or his or her Beneficiary under or pursuant to this Agreement shall
be subject to further withholding or deductions on account of federal, state and
local taxes as required by law. If any payment under this Agreement is insufficient to provide the
amount of such withholdings or deductions, Asyst may withhold or deduct from any subsequent or
other payment due Executive or his or her Beneficiary. In this regard, Asyst may withhold or
deduct from any payments hereunder the amount that Asyst, in its reasonable judgment, determines it
is required to withhold or deduct for any federal, state or local income or employment taxes.




     9. ASSIGNABILITY, SUCCESSORS, BINDING AGREEMENT.



          (a) This Agreement, and its terms, conditions and obligations, shall be binding on any
successor-in-interest to Asyst, whether through merger, acquisition, consolidation, assignment,
corporate dissolution or otherwise. In addition to any obligations imposed by law upon any
successor to Asyst, Asyst will use its best efforts to obtain from any such successor to all or
substantially all of the business and/or assets of Asyst a written agreement in which such
successor expressly assumes and agrees to perform this Agreement in the same manner and to the same
extent that Asyst is required to perform it. Notwithstanding



Asyst CofC Executive Agreement




20









 







such assumption, Asyst shall remain
liable and responsible for fulfillment of the terms and conditions of this Agreement, and in no
event shall any such assignment and assumption of this Agreement adversely affect Executive’s
rights hereunder upon a Change in Control.




          (b) This Agreement shall inure to the benefit of and be enforceable by the parties’ personal
or legal representatives, executors, administrators, successors, heirs, distributees, devisees,
assignees and legatees, including the Beneficiary.




     10. REPRESENTATIONS.



          The parties respectively represent and warrant that each is fully authorized and empowered to
enter into this Agreement and that the performance of its or his or her obligations,
as the case may be, under this Agreement will not violate any agreement between such party and any
other person, firm or organization. Asyst represents and warrants that this Agreement has been
duly authorized by all necessary corporate action and is valid, binding and enforceable in
accordance with its terms.




     11. ENTIRE AGREEMENT.



          Except to the extent otherwise expressly provided herein, this Agreement contains the entire
understanding and agreement between the parties concerning the subject matter hereof and supersedes
any prior agreements, whether written or oral, between the parties concerning the subject matter
hereof; provided, however, that the terms and conditions of the Agreement to Arbitrate Disputes and
Claims, Indemnification Agreement, Code of Business Conduct, and Proprietary Information and
Inventions Agreement shall remain in full force and effect, and not superseded by this Agreement
(except and to the extent expressly provided to the contrary herein).



Asyst CofC Executive Agreement




21









 








          (a) In the event of a conflict between this Agreement and terms of any benefit plan, grant or
award, the provisions of this Agreement shall govern the determination of the parties’ respective
rights, obligations and liabilities.




     12. AMENDMENT OR WAIVER.



          No provision in this Agreement may be amended unless and to the extent such amendment is
agreed to in writing and signed by both Executive and an authorized officer of Asyst. No waiver by
either party of any breach by the other party of any condition, obligation, performance or
provision contained in this Agreement shall be deemed a waiver of a similar or dissimilar condition
or provision at the same or any prior or subsequent time. Any waiver must be in writing and signed
by the party to be charged with the waiver.




     13. SEVERABILITY.



          In the event that any provision or portion of this Agreement shall be determined to be invalid
or unenforceable for any reason, in whole or in part, the remaining provisions of this Agreement
shall be unaffected thereby and shall remain in full force and effect to the fullest extent
permitted by law.




     14. SURVIVAL.



          The respective rights and obligations of the parties under this Agreement shall survive any
termination of Executive’s employment with Asyst.




     15. BENEFICIARIES/REFERENCES.



          Executive shall be entitled to designate (and change, to the extent permitted under any
applicable law) a beneficiary or beneficiaries to receive any compensation or benefit under this
Agreement upon his or her death by giving Asyst written notice thereof in the form attached




Asyst CofC Executive Agreement





22









 







as
Exhibit B. In the event of Executive’s death or of a judicial determination of his or her
incompetence, reference in this Agreement to Executive shall be deemed to refer, as appropriate, to
his or her beneficiary, estate or other legal representative.




     16. COMPLIANCE WITH SECTION 409A.



          (a) It is the intent of the parties to this Agreement that all of the payments and benefits
set forth in this Agreement shall either qualify for exemption from or comply with the requirements
of Section 409A, so that none of the payments and benefits will result in adverse tax consequences,
including tax penalties under Section 409A, and any ambiguities herein will be interpreted to so
comply.




          (b) Asyst agrees to use reasonable and good faith efforts to administer its performance-based
annual cash incentive plan or any other annual incentive plan, long term
incentive plan or equity award in which Executive participates in a manner that qualifies for
exemption from or complies with Section 409A.




          (c) It is the intent of the parties that a termination by Asyst without Cause or a termination
by Executive for Good Reason shall constitute an involuntary separation of service under 409A and
that the payments and benefits in Sections 3(a) and (b), above, shall, to the extent possible,
qualify for the short term deferral exception, the separation pay plan exception or other
applicable exception to Section 409A, and any ambiguities herein will be interpreted to so comply.
Each payment under Section 3(b) shall be deemed a separate payment under this Agreement. To the
extent that any of the payments and benefits under Section 3(b) is determined to constitute
deferred compensation subject to 409A (the “Deferred Compensation Benefit”), they will be subject
to the following restrictions:



Asyst CofC Executive Agreement





23









 








               (i) anything in this Agreement to the contrary notwithstanding, any Deferred Compensation
Benefit shall be paid or provided to Executive only if and as of the date Executive experiences a
“separation from service” as defined in the final Treasury Regulations promulgated under Section
409A (a “Separation from Service”).



               (ii) anything in this Agreement to the contrary notwithstanding, if Executive is a Specified
Employee on the Date of Termination, and as determined in accordance with the applicable standards
of Section 409A and the Treasury Regulations thereunder, as applied on a consistent basis, then the
parties agree that to the extent the Deferred Compensation Benefit is subject to the “six-month
delay rule” in Section 409A(a)(2)(B)(i), the Deferred Compensation Severance Benefit that would
otherwise have been due within the first six (6) months following the Date of Termination will be
provided or paid in a lump sum one (1) day following the earlier of (which date, shall be referred
to as the “Delayed Payment Date”):



                    (A) the last day of the sixth (6th) complete calendar month following the Date of
Termination; or



                    (B) Executive’s death.
Any remaining installments following the Delayed Payment Date shall be made in accordance with the
original payment schedule.



          (d) The parties agree to work in good faith to use reasonable efforts to amend or modify this
Agreement as may be necessary to ensure that all payments and benefits provided under this
Agreement are made in a manner that qualifies for exemption from or complies with Section 409A.




          (e) Notwithstanding the foregoing or elsewhere in this Agreement, Asyst



Asyst CofC Executive Agreement




24









 







makes no
representations or warranties that the compensation or benefits provided under this Agreement will
be exempt from Section 409A of the Code and makes no undertakings to preclude Section 409A of the
Code from applying to the benefits provided under this Agreement. To the extent that any of the
payments and benefits in Sections 3(b), above, or otherwise under this Agreement, is determined to
constitute deferred compensation subject to 409A, Executive will have sole liability for any
additional tax, assessment or penalty imposed under Section 409A, and Asyst shall have no
obligation to hold harmless, indemnify, compensate or “gross up” Executive for any such additional
tax, assessment or penalty.




     17. MITIGATION.



          Asyst agrees that Executive is not required to seek other employment following the Term of
Employment, or to attempt in any way to reduce any amounts payable to him or her under this
Agreement. Further, the amount of any cash payment payable under this Agreement shall not be
reduced by any compensation earned by Executive as the result of employment by
another employer, by retirement benefits, by offset against any amount claimed to be owed by him or
her to Asyst, or otherwise.




     18. GOVERNING LAW/JURISDICTION/VENUE.



          This Agreement shall be governed by and construed, interpreted and enforced in accordance with
the laws of the State of California, without reference to principles of conflict of laws. The
parties intend that any disputes arising from or relating to any right or obligation hereunder be
resolved exclusively by binding non-appealable arbitration, as provided in Section 19, below.
However, if for any reason a party should otherwise be required to commence litigation in a civil
proceeding, Asyst and the Executive hereby irrevocably and unconditionally



Asyst CofC Executive Agreement





25












 




(i) agree that any action or proceeding arising out of or in connection with this Agreement
may be brought in the Superior Courts of the State of California, (ii) consent to submit to the
jurisdiction of the Superior Courts of the State of California for purposes of any action or
proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the
laying of venue of any such action or proceeding in the Superior Courts of the State of California,
and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding
brought in the Superior Courts of the State of California has been brought in an improper or
inconvenient forum.




     19. RESOLUTION OF DISPUTES.



          (a) Arbitration. Any right or benefit, or obligation or liability, granted or arising under
this Agreement, and any other dispute between Executive and Asyst arising from or relating to
Executive’s employment or termination of employment, shall be subject to and resolved exclusively
by binding non-appealable arbitration under the auspices of the American Arbitration Association
(“AAA”), and pursuant to the AAA civil arbitration and discovery rules then in-effect. Neither
Executive nor Asyst shall be liable to, or entitled to recover from, the other for any claim, cause
or action, suit or proceeding relating to any right or obligation hereunder, any incidental,
special, consequential or exemplary damages of any kind, including punitive damages (and the
arbitrator will be without jurisdiction or authority to award such damages). The arbitrator also
will not have jurisdiction or authority to award attorneys’ fees or costs to either party for any
claim, cause, action, suit or proceeding unless and to the extent a statute at issue which is the
basis for the claim, cause, action, suit or proceeding expressly authorizes the award of attorneys’
fees and costs to the prevailing party. In this instance only,



Asyst CofC Executive Agreement





26









 




the arbitrator shall have the
authority to make an award only of reasonable attorneys’ fees and
costs to the prevailing party, and to the extent and in the manner permitted by the statute
applicable to such claim, cause, action, suit or proceeding; however, any award of fees and costs
will be limited to the amount of reasonable fees and costs actually incurred and which bear a
reasonable relation to the prevailing party’s actual recovery.




               (i) in the event entered between the parties (and as thereafter amended from time to time),
the terms and conditions of the Agreement to Arbitrate Disputes and Claims shall govern such
arbitration, be binding on the parties, shall be deemed incorporated herein by reference as a
material part of this Agreement, and (to the extent expressly contrary) shall supersede the
foregoing.



          (b) Continuation of Payments. Pending the outcome or resolution of any dispute between the
Parties, Asyst shall continue to pay Executive all amounts, and provide on his or her behalf all
benefits, expressly provided and due him or her under this Agreement.




     20. NOTICES.



          Any notice, consent or waiver given to either party shall be in writing and shall be deemed to
have been given when delivered either personally, by fax, by overnight delivery service or sent by
certified or registered mail, postage prepaid, return receipt requested, duly addressed to the
Party concerned at the address indicated below or to such changed address as the Party may
subsequently give notice of.




     If to Asyst:


Asyst Technologies, Inc.

46897 Bayside Parkway

Fremont, CA 94538

Attention: General Counsel

Tel: (510) 661-5000

Fax: (510) 661-5166



Asyst CofC Executive Agreement




27









 





     With a copy to:


Chair, Compensation Committee

Board of Directors

Asyst Technologies, Inc.

46897 Bayside Parkway

Fremont, CA 94538

Tel: (510) 661-5000

Fax: (510) 661-5166




     If to Executive, to Executive’s residence last specified by him or her in writing to Asyst for
this purpose or, if none, as the residence is last indicated in Asyst’s employment records for
Executive.



     21. HEADINGS.



          The headings of the sections contained in this Agreement are for convenience only and shall
not be deemed to control or affect the meaning or construction of any provision of this Agreement.




     22. PARTIAL INVALIDITY.



          If any provision of this Agreement is held by a court of competent jurisdiction to be invalid,
void or unenforceable, the remaining provisions shall nevertheless continue in full force without
being impaired or invalidated in any way.




     23. NO OTHER COMPENSATION; EMPLOYEE AT WILL.



          (a) Except and to the extent specifically provided in Sections 2 and 3, above, no right,
payment, compensation or benefit shall be conferred, due or payable to Executive, and no obligation
or liability shall be due or owing by Asyst, under this Agreement or otherwise in respect of the
conduct or termination of Executive’s employment in relation to a Change in Control.



Asyst CofC Executive Agreement





28









 





          (b) Executive is and shall remain an “employee at will” at all times during the
term of this Agreement and shall not have any right or expectation (reasonable or otherwise)
to be retained or continue in the employ of Asyst.




          (c) Executive understands and expressly agrees, as a material inducement to Asyst to enter
this Agreement, that Executive’s only right, claim, cause or action arising from termination or the
affect of termination of his or her employment, whether by him, her or Asyst, or whether in the
context of a Change in Control, at any time and for any reason, shall be limited to payment and
recovery of the specific payments and benefits identified in Sections 2 and 3, above, and that
Executive understands and agrees that he or she shall never raise or assert (and is estopped from
ever raising or asserting) any other right, claim, cause or action arising from termination or the
affect of termination of his or her employment.




     24. COUNTERPARTS.



          This Agreement may be executed in counterparts, each of which when so executed and delivered
shall be an original, but all such counterparts together shall constitute one and the same
instrument.




     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written
above.



	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Asyst Technologies, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	[an officer authorized to sign for the company]	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:
	 	 

	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	[Executive]	 	 	 	 





Asyst CofC Executive Agreement




29









 





EXHIBIT A




SEVERANCE AGREEMENT AND RELEASE OF ALL CLAIMS



This Severance Agreement and Release of All Claims (“Agreement and Release”) is intended to
constitute a binding agreement between you, [                    ] (“Employee”), and Asyst Technologies, Inc.,
on behalf of its subsidiary and affiliated entities (“Asyst” or the “Company”). Please review the
terms carefully. By signing below, you are agreeing to end your employment relationship with Asyst
on the terms identified below, and in return for the benefits provided herein. We advise you to
consult with an attorney or other advisor concerning its terms and obligations and the specific
effect on your legal rights. This Agreement and Release is deemed effective as of
[                                        ] (the “Effective Date”).




     1. Your employment with Asyst shall terminate on [                    ]. You understand you have no
recall rights.



     2. You and Asyst agree that this Agreement and Release is contractual in nature and not a mere
recital, and that this Agreement and Release shall be interpreted as though drafted jointly by the
Employee and Asyst.



     3. You will be entitled to the current pay and benefits due you through termination of your
employment. You understand that, except as provided herein, you will not be entitled to any
additional payments or severance or any other benefits from Asyst associated with any claimed work
or right to work beyond the date of your termination.



     4. During the course of your employment with Asyst, you have had access to or have had
possession of confidential and proprietary information or materials of Asyst. You acknowledge and
confirm that you have complied during your employment with all the terms of Asyst’s Confidential
Information and Inventions Assignment Agreement signed by you and reaffirm that your
confidentiality obligations to Asyst are continuing into the future regardless of termination of
your employment.



     5. You also agree to return promptly all property of Asyst, including pagers, cellular phones,
PDAs and any other materials or equipment in your possession or which were provided to you by or
through Asyst, except as specifically authorized by Asyst’s C.E.O. You further understand that any
use of credit or telephone cards, cellular phones, pagers, PDAs, and other materials or equipment
provided to you by or through Asyst will not be authorized beyond your termination date, and any
expenses incurred after your termination date will not be eligible for reimbursement except as
specifically authorized by Asyst’s C.E.O.



     6. You hereby fully waive, release and discharge Asyst, its parent, subsidiary and affiliated
entities, and the shareholders, directors, officers, employees, agents and representatives of each
(the “Released Parties”) from, and agree never to assert against any of the Released Parties any
and all claims, liabilities, charges and causes of action of any kind whatsoever which you have,
had or may have against them as of the date on which you sign this Agreement,
including without limitation any and all claims, liabilities, charges and causes of action
relating to:



i









 






	 	(a)	 	your employment, termination of employment or any right,
expectation, claim or benefit relating to or arising in any manner from your
employment;
	 
	 	(b)	 	any and all rights or claims relating to or in any manner
arising under the California Fair Employment and Housing Act (Government Code
section 12900 et seq., as amended);
	 
	 	(c)	 	any and all rights or claims relating to or in any manner
arising under the Civil Rights Act of 1964 (42 U.S.C. 2000, et seq., as
amended);
	 
	 	(d)	 	any and all rights or claims relating to or in any manner
arising under the Americans with Disabilities Act (29 U.S.C. 706 et seq., as
amended);
	 
	 	(e)	 	any and all rights or claims relating to or in any manner
arising under the Age Discrimination in Employment Act of 1967 (29 U.S.C. 621
et seq., as amended);
	 
	 	(f)	 	any and all rights or claims relating to or in any manner
arising under the WARN Act (as amended), and any comparable provisions of
California or other applicable law;
	 
	 	(g)	 	any and all rights or claims relating to or in any manner
arising under the Equal Pay Act of 1963 (as amended);
	 
	 	(h)	 	any and all rights or claims relating to or in any manner
arising under the California Labor Code Section 1197.5 (as amended); and
	 
	 	(i)	 	any and all rights or claims otherwise relating to or in any
manner arising under federal, state or local statutory, administrative or
common law or regulation, including claims for wrongful termination or
constructive discharge or demotion, breach of contract (written, oral or
implied), breach of the covenant of good faith and fair dealing, violation of
public policy, infliction of emotional distress, personal injury, defamation
and misrepresentation.




Asyst hereby fully waives, releases and discharges you from, and agrees never to assert against
you, any and all claims, liabilities, charges and causes of action of any kind whatsoever which
Asyst has, had or may have against you as of the date on which you sign this Agreement, provided,
however, that nothing in this Paragraph 6 shall preclude Asyst from enforcing its rights with
respect to your obligations under the terms and conditions of (i) this Agreement and Release, (ii)
the releases from you contained herein, (iii) the Agreement to Arbitrate Disputes and Claims, and
(iv) the continuing obligations and liabilities expressly provided under the Confidential
Information and Inventions Assignment Agreement.




 









 








     7. Each party waives his, her or its rights under section 1542 of the Civil Code of
California, or other comparable provision of applicable law, which states:




A general release does not extend to claims which the creditor does not
know or suspect to exist in his favor at the time of executing the
release, which if known to him must have materially affected his
settlement with the debtor.



     8. This Agreement and Release shall not affect any waiver or release of any claim for workers’
compensation benefits and unemployment insurance benefits or any other claims that may not be
released under applicable law. Nothing in this Agreement and Release shall preclude you from
enforcing your rights with respect to Asyst’s obligations under the terms and conditions of (i)
this Agreement and Release, (ii) the releases from Asyst contained herein, (iii) the Agreement to
Arbitrate Disputes and Claims, (iv) the continuing obligations and liabilities expressly provided
under any Indemnity Agreement between the parties, and (v) claims relating to the validity of this
Agreement and Release under the ADEA (as amended).



     9. You understand, represent and agree that:




	 	(a)	 	you have had a reasonable opportunity of up to 21 days to
consider this Agreement and Release if you wish and to consult an attorney or
other advisor before signing this Agreement and Release;
	 
	 	(b)	 	you have read this Agreement and Release in full and understand
all of the terms and conditions set forth herein;
	 
	 	(c)	 	you knowingly and voluntarily agree to all of the terms and
conditions set forth herein and intend to be legally bound by them;
	 
	 	(d)	 	you may rescind this Agreement and Release only with respect to
claims arising under the Age Discrimination in Employment Act of 1967 (29
U.S.C. 621 et seq.) and only if you do so within seven (7) days after signing
it (in which case you will forfeit in full and agree immediately to refund,
return to and reimburse Asyst any and all benefits provided to you under
Paragraph 8, above); and
	 
	 	(e)	 	this Agreement and Release will not become effective or
enforceable with respect to claims arising under the Age Discrimination in
Employment Act of 1967 (29 U.S.C. 621 et seq.) until seven (7) days after you
have signed it.





     10. You represent that you have not filed any complaints, claims, grievances or actions
against Asyst, its parent, subsidiary and affiliated entities, and the shareholders, directors,
officers, employees, agents and representatives of each, or any other of the Released Parties in



 









 







any state, federal or local court or agency, and you covenant not to file any such complaints,
claims, grievances, or actions (other than for workers’ compensation benefits, unemployment
insurance benefits or otherwise not subject to by law to your waiver or releases herein) at any
time hereafter. You hereby grant power of attorney to Asyst to dismiss on your behalf any such
complaint, claim grievance or action you filed in violation of this Paragraph. Notwithstanding the
foregoing, you acknowledge and agree that in the event you successfully assert any claim against
Asyst, despite the waivers, releases and other representations provided in this Agreement and
Release, that an amount equal to any and all benefits provided to you under Paragraph 3, above, may
and shall be off-set and deducted from any recovery from such claim.



     11. Asyst represents that it has not filed any complaints, claims, grievances or actions
against you in any state, federal or local court or agency, and Asyst covenants not to file any
such complaints, claims, grievances, or actions at any time hereafter with respect to the claims
released by Asyst hereunder. Asyst hereby grants power of attorney to you to dismiss on Asyst’s
behalf any such complaint, claim grievance or action Asyst filed in violation of this Paragraph.



     12. You agree not to defame, disparage or criticize Asyst or its shareholders, directors,
officers, employees or business or employment practices at any time. Asyst agrees that neither
Asyst nor its directors, officers will defame, disparage or criticize you.



     13. Except to the extent the Agreement and Release has been publicly disclosed by Asyst, you
agree to not to disclose the existence of this Agreement and Release, its terms, or any information
relating to this Agreement and Release to anyone other than your spouse (if any), tax preparer,
accountant, attorney and other professional adviser or party to whom disclosure is necessary in
order to comply with the law. In such event, you will instruct them to maintain the
confidentiality of this Agreement and Release just as you must.



     14. The parties agree that this Agreement and Release shall be binding upon their successors
and assignees. Each represents that it has not transferred to any person or entity any of the
rights released or transferred through this Agreement.



     15. If a court of competent jurisdiction declares or determines that any provision of this
Agreement and Release is invalid, illegal or unenforceable, the invalid, illegal or unenforceable
provision(s) shall be deemed not a part of this Agreement, but the remaining provisions shall
continue in full force and effect.



     16. Each party, upon breach of this Agreement and Release by the other, shall have the right
to seek all necessary and proper relief, including, but not limited to, specific performance, from
a court or arbitrator of competent jurisdiction.



     17. Each party agrees that any differences, disputes or controversies between us arising from
this Agreement and Release or from rights or obligations hereunder, or any liabilities asserted or
arising from your employment or its termination, shall be exclusively submitted to arbitration
subject to the terms and conditions of the Agreement to Arbitrate Disputes and Claims, which said
terms and conditions are deemed incorporated in this Agreement and Release in full by this
reference and made a material part hereof.



 









 





     18. We each, to the fullest extent permitted by law, waive any right or expectation against
the other to trial or adjudication by a jury of any claim, cause or action arising hereunder or
from the rights, duties or liabilities created hereby.



     19. The laws of the State of California shall govern the construction and enforcement of this
Agreement and Release and any rights, obligations or liabilities hereunder, without regard to
conflicts of laws considerations.



     20. You certify and confirm that you do not have in your possession any, and that you have
returned to Asyst as of termination of your employment all, property, devices, records, data,
notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches,
materials equipment, other documents or property, or reproductions of any aforementioned items
belonging to Asyst.



     21. You also certify and confirm that you have complied during your employment with all the
terms of Asyst’s Confidential Information and Inventions Assignment Agreement, including the
reporting of any inventions and original works of authorship (as defined therein), conceived or
made by you (solely or jointly with others) covered by that agreement.



     22. You further reaffirm your obligations in the Asyst Confidential Information and Inventions
Assignment Agreement.



     23. You understand that the provisions of this Agreement and Release set forth the entire
agreement between you and Asyst concerning your employment, separation benefits and termination of
employment, and that this Agreement and Release replaces any other promises, representations or
agreement between you and Asyst, whether written or oral, concerning such matters (except as
otherwise expressly set forth in this Agreement and Release). You also understand that any
benefits provided you under this Agreement and Release are offered on a one-time basis, and are not
a part of a funded employee welfare program or established Asyst practice or policy. Any
modification of this Agreement and Release, or change to the benefits offered hereunder, must be in
writing and executed in advance by you and Asyst, or else such modification will not be binding or
effective.



     24. In the event that you breach any of your obligations under this Agreement and Release or
as otherwise imposed by law, Asyst will be entitled to recover the sums and benefits paid under the
Agreement and Release and to obtain all other relief provided by law or equity.



     25. The parties agree and represent that they have not relied and do not rely upon any
representation or statement regarding the subject matter or effect of this Agreement and Release
made by any other party to this Agreement and Release or any party’s agents, attorneys or
representatives.


I, THE UNDERSIGNED, HAVE HAD A SUFFICIENT OPPORTUNITY TO CONSIDER THIS AGREEMENT AND RELEASE AND
HAVE BEEN ADVISED IN WRITING THAT I MAY CONSULT WITH AN ATTORNEY CONCERNING ITS TERMS AND EFFECT
PRIOR TO EXECUTING THIS AGREEMENT AND RELEASE.




 









 







I, THE UNDERSIGNED, HAVE READ THIS AGREEMENT AND RELEASE AND UNDERSTAND THAT I ENTER THIS AGREEMENT
AND RELEASE INTENDING TO AND DO WAIVE, SETTLE AND RELEASE ALL CLAIMS I HAVE OR MIGHT HAVE AGAINST
ASYST TO THE FULL EXTENT PERMITTED BY LAW. I SIGN THIS AGREEMENT AND RELEASE VOLUNTARILY AND
KNOWINGLY.




ACKNOWLEDGED, UNDERSTOOD AND AGREED:




	 	 	 	 	 	 	 	 	 	 	 
	EMPLOYEE:	 	 	 	ASYST TECHNOLOGIES, INC.
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:	 	 
	 

	 	 	 	 	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Date:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 






 









 






EXHIBIT B




Beneficiary Designation



Pursuant to Section 15 of that Change in Control Agreement (the “Agreement”), made and entered into
as of [                    , 20___], between myself and Asyst Technologies, Inc., a California corporation, with
its principal office located at 46897 Bayside Parkway, Fremont, CA 94538 (together with its
successors and assigns permitted under this Agreement, “Asyst”), I hereby make and provide notice
to Asyst of the following Beneficiary Designation (which shall be binding on Asyst and in effect,
unless, until and only to the extent superceded by a subsequent written Beneficiary Designation
provided to Asyst in conformity with the requirements of the Agreement):



If I die prior to distribution or payment to me of any claimed right, compensation, payment or
benefit due or payable to me under the Agreement, such right, compensation, payment or benefit
shall be automatically transferred and/or due, distributed and paid to those beneficiaries
designated below who survive me, subject to the provisions of the Agreement (if applicable) [check
one box only]:





	 	o	 	Entirely to the spouse to whom I am currently married. [Please provide name
and address below.] If my spouse does not survive me, payment is to be made to
[check one box only]:
	 
	 	o	 	All of my children who survive me in equal shares. [Please provide names
and addresses below.]
	 
	 	o	 	All of the persons named below who survive me in equal shares.
	 
	 	o	 	To all of my children who survive me in equal shares. [Please provide names
and addresses below.]
	 
	 	o	 	To all of my siblings who survive me in equal shares. [Please provide names
and addresses below.]
	 
	 	o	 	Entirely to the first person named below who survives me.




 









 






	 	o	 	To all of the persons named below who survive me in equal shares.
	 
	 	o	 	Other [please use a separate sheet if necessary]:





	 	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 





The term “children” means natural or legally adopted children but excludes stepchildren (if not
adopted). 



The term “siblings” means brothers and sisters, whether natural or adoptive, but
excludes stepbrothers and stepsisters.



The names and addresses of my beneficiaries are as follows [please use a separate sheet if
necessary]:




	 	 	 	 	 	 	 
	1.

	 	Name:
	 	 	 	Relationship:
	 

	 	Address:
	 	 	 	Email:
	 

	 	 	 	 	 	Telephone:
	 
	 	 	 	 	 	 
	2.

	 	Name:
	 	 	 	Relationship:
	 

	 	Address:
	 	 	 	Email:
	 

	 	 	 	 	 	Telephone:
	 
	 	 	 	 	 	 
	3.

	 	Name:
	 	 	 	Relationship:
	 

	 	Address:
	 	 	 	Email:
	 

	 	 	 	 	 	Telephone:
	 
	 	 	 	 	 	 
	4.

	 	Name:
	 	 	 	Relationship:
	 

	 	Address:
	 	 	 	Email:
	 

	 	 	 	 	 	Telephone:
	 
	 	 	 	 	 	 
	5.

	 	Name:
	 	 	 	Relationship:
	 

	 	Address:
	 	 	 	Email:
	 

	 	 	 	 	 	Telephone:






 









 





This beneficiary designation is to take effect on the date when it is received by the person
responsible for administering the Agreement at Asyst Technologies, Inc., and it supersedes any prior designations
that I may have made under the Agreement.




	 	 	 	 	 
	 
	 	Executive
	 	 
	 	 	 	 	 
	                                             
        ,     
	 	                                                            	 	 
	(Date)
	 	(signature)	 	 





Please file this form with Human Resources and the General Counsel, Asyst Technologies, Inc.



 





	 	 	 	 	 	 	 
	Received by:
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	Date of receipt:

	 	
 

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