addition to
anything of value to which Employee was already entitled.
Employee further
acknowledges that he has been advised by this writing that (a) he should consult
with an attorney prior to executing this Agreement; (b) he has twenty-one (21)
days within which to consider this Agreement; (c) he has seven (7) days
following the execution of this Agreement by the parties to revoke the
Agreement; and (d) this Agreement shall not be effective until the revocation
period has expired.
Any revocation should be in writing and delivered to the
Secreatry of QuickLogic Corporation at 1277 Orleans Drive, Sunnyvale, CA 94089
by close of business on the seventh day from the date that Employee signs this
Agreement.
8.
CIVIL CODE SECTION 1542.
EMPLOYEE REPRESENTS THAT HE IS NOT
AWARE OF ANY CLAIMS AGAINST THE COMPANY OTHER THAN THE CLAIMS THAT ARE RELEASED
BY THIS AGREEMENT.
EMPLOYEE ACKNOWLEDGES THAT HE HAS BEEN ADVISED BY LEGAL
COUNSEL AND IS FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE
SECTION 1542, WHICH PROVIDES AS FOLLOWS:
9
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 BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.
9.
Employee, being aware of said code section, agrees to expressly
waive any rights he may have thereunder, as well as under any other statute or
common law principles of similar effect.
10.
NO PENDING OR FUTURE LAWSUITS.
EMPLOYEE REPRESENTS THAT HE HAS NO
LAWSUITS, CLAIMS, OR ACTIONS PENDING IN HIS NAME, OR ON BEHALF OF ANY OTHER
PERSON OR ENTITY, AGAINST THE COMPANY OR ANY OTHER PERSON OR ENTITY REFERRED TO
HEREIN.
EMPLOYEE ALSO REPRESENTS THAT HE DOES NOT INTEND TO BRING ANY CLAIMS ON
HIS OWN BEHALF OR ON BEHALF OF ANY OTHER PERSON OR ENTITY AGAINST THE COMPANY OR
ANY OTHER PERSON OR ENTITY REFERRED TO HEREIN.
11.
APPLICATION FOR EMPLOYMENT.
EMPLOYEE UNDERSTANDS AND AGREES THAT,
AS A CONDITION OF THIS AGREEMENT, HE SHALL NOT BE ENTITLED TO ANY EMPLOYMENT
WITH THE COMPANY, ITS SUBSIDIARIES, OR ANY SUCCESSOR, AND HE HEREBY WAIVES ANY
RIGHT, OR ALLEGED RIGHT, OF EMPLOYMENT OR RE-EMPLOYMENT WITH THE COMPANY.
12.
CONFIDENTIALITY.
EMPLOYEE AGREES TO USE HIS BEST EFFORTS TO
MAINTAIN IN CONFIDENCE THE EXISTENCE OF THIS AGREEMENT, THE CONTENTS AND TERMS
OF THIS AGREEMENT, AND THE CONSIDERATION FOR THIS AGREEMENT (HEREINAFTER
COLLECTIVELY REFERRED TO AS "SETTLEMENT INFORMATION").
EMPLOYEE AGREES TO TAKE
EVERY REASONABLE PRECAUTION TO PREVENT DISCLOSURE OF ANY SETTLEMENT INFORMATION
TO THIRD PARTIES, AND AGREES THAT THERE WILL BE NO PUBLICITY, DIRECTLY OR
INDIRECTLY, CONCERNING ANY SETTLEMENT INFORMATION.
EMPLOYEE AGREES TO TAKE
EVERY PRECAUTION TO DISCLOSE SETTLEMENT INFORMATION ONLY TO THOSE ATTORNEYS,
ACCOUNTANTS, GOVERNMENTAL ENTITIES, AND FAMILY MEMBERS WHO HAVE A REASONABLE
NEED TO KNOW OF SUCH SETTLEMENT INFORMATION.
13.
NO COOPERATION.
EMPLOYEE AGREES HE WILL NOT ACT IN ANY MANNER THAT
MIGHT DAMAGE THE BUSINESS OF THE COMPANY.
EMPLOYEE AGREES THAT HE WILL NOT
COUNSEL