Document:

exv10w2

Exhibit 10.2

Separation and Release Agreement

     This Separation and Release Agreement (this “Agreement”) is made effective as of the
22nd day of October, 2008 (the “Agreement Date”), by and between First Industrial Realty
Trust, Inc., a Maryland corporation (the “Company”), and Michael W. Brennan (the “Executive”).

     Whereas, Executive currently serves as the President and Chief Executive Officer of
the Company pursuant to an employment agreement by and between the Company and Executive dated June
21, 2005 (the “Employment Agreement);

     Whereas, Executive has advised the Company of his intention to resign all positions
with the Company effective as of the close of business on the Agreement Date on the condition that
the Company treats Executive’s separation as a “Termination by the Company Without Cause” as
provided for under Section 4.7 of the Employment Agreement, and the Company’s Board of Directors
has accepted such resignation; and

     Whereas, the Company and Executive acknowledge and agree that all of the Executive’s
approximately 84,874 restricted stock awards vested as of the Agreement Date, per the terms of the
applicable award agreements.

     Now, therefore, in consideration of the mutual covenants herein contained, and upon
the other terms and conditions hereinafter provided, the parties hereby agree as follows:

     Section 1. Termination of Employment and Employment Agreement. Except as otherwise
specifically set forth herein, the Employment Agreement and Executive’s employment with the Company
shall terminate effective as of the close of business on the Agreement Date. Executive
acknowledges that he has resigned from any and all officerships, directorships, committee
memberships and all other elected or appointed positions, of any nature, that Executive held
immediately prior to the Agreement Date with the Company and/or any of its affiliates, all
effective as of the close of business on the Agreement Date.

     Section 2. Severance Payments. In consideration for the promises made in this
Agreement, the Company agrees to pay, or provide to, Executive the following (collectively, the
"Severance Benefits”):

          (a) Within five (5) days of the Effective Date (as defined in Section 9), a single lump sum in
an amount equal to $4,641,206.

          (b) The Company shall continue, for Executive and his family, health insurance coverage, so as
to provide a scope of coverage comparable to that which was in effect as of the Agreement Date, for
a period of two (2) years following the Agreement Date or, if earlier, until such time as
substitute health insurance coverage with comparable benefits is available to Executive at a cost
comparable to that borne by Executive under the Company’s policy, by virtue of other employment or
family members’ insurance benefits secured or made available after termination. Executive shall be
obligated to inform the Company of any such

 

 

comparable coverage within five (5) business days of becoming covered by such comparable
coverage.

          (c) Within five (5) days of the Effective Date, the Company shall reimburse Executive for any
business expenses that are payable under the Company’s normal expense reimbursement policies and
practices that were incurred by the Executive prior to the Agreement Date.

          (d) The parties acknowledge and agree that the Executive has been (i) paid for all accrued but
unpaid base salary through the Agreement Date, and (ii) overpaid by the Company for all accrued but
unused paid-vacation through the Agreement Date, in the amount of $44,214.45 and that such amount
has been fully offset and accounted for in the amount set forth in subparagraph (a) above.

          (e) Executive acknowledges and agrees that all payments made, and benefits provided, pursuant
to this Agreement shall be subject to all applicable tax withholding and reporting requirements.

          (f) Executive acknowledges and agrees that all payments made, and benefits provided, pursuant
to this Agreement are in consideration for Executive’s promises contained in this Agreement, and
that such payments and benefits under the terms of the Employment Agreement would not be payable
absent execution of this Agreement. Executive further acknowledges and agrees that the payments
and benefits described in this Agreement are conditioned upon the execution and non-revocation of
the Release described in Section 9. If Executive revokes this Agreement on or before the Effective
Date, no payment or benefit described herein (except as provided in Section 2(c)) shall be due to
Executive.

     Section 3. Code Section 409A. Executive represents that he has conferred with counsel
and has been advised, and believes in good faith, that the six (6) month delay required for
“specified employees” pursuant to Section 409A of the Internal Revenue Code of 1986, as amended
(the “Code”) does not apply to the Severance Benefits because such payments do not constitute
“deferred compensation” within the meaning of Section 409A of the Code. Executive acknowledges and
agrees that he shall be solely responsible for any additional taxes, penalty or interest that may
be imposed by Section 409A of the Code on any such payments and or benefits if any such tax,
penalty or interest is imposed by the Internal Revenue Service.

     Section 4. Termination of Benefits. Except as otherwise provided in this Agreement,
Executive’s continued participation in all compensation and other benefit plans will cease as of
the Agreement Date; provided that nothing contained herein shall limit or otherwise impair
Executive’s right to receive pension, welfare or similar benefit payments which are vested as of
the Agreement Date under any applicable tax-qualified pension plan, welfare benefit plan or other
tax-qualified or non-qualified benefit plans, pursuant and subject to the terms and conditions of
the applicable plan.

     Section 5. Equity Awards. All outstanding equity incentive awards held by Executive
shall be governed by the applicable plan document and/or applicable grant agreement.

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With respect to such awards, the Executive’s termination of employment shall be
treated as an involuntary termination by the Company without cause thereunder.

     Section 6. Confidentiality. Executive acknowledges that, during the course of his
employment, he has produced, received and had access to, various materials, records, data, trade
secrets and information not generally available to the public, specifically including any
information concerning prospects, customers and clients of the Company, brokerage relationships of
the Company, capital and financial sources of the Company, information management technology
developed by or for the Company, and projects in the Pipeline, as defined below (collectively,
"Confidential Information”) regarding the Company and its subsidiaries and affiliates. Accordingly,
for the one (1) year period immediately subsequent to the Agreement Date, Executive shall hold in
confidence and shall not directly or indirectly for his own benefit or for the benefit of any other
person or entity, for economic gain or otherwise, disclose, use, copy or make lists of any such
Confidential Information, except to the extent that (a) such information is or thereafter becomes
lawfully available from public sources; or (b) such disclosure is authorized in writing by the
Company; or (c) such disclosure is determined by court order or official governmental ruling to be
required by law or by any competent administrative agency or judicial authority. All records,
files, documents, computer diskettes, computer programs and other computer-generated material, as
well as all other materials or copies thereof relating to the Company’s business, which Executive
prepared or used, shall be and remain the sole property of the Company and shall be promptly
returned to the Company prior to the Effective Date.

     Section 7. Restrictive Covenants.

          (a) Executive hereby agrees, except with the express prior written discretionary consent of
the Company, that for a period of one (1) year after the Agreement Date (the “Restrictive Period”),
he will not directly or indirectly in any manner compete with the business of the Company,
including, but not by way of limitation, by directly or indirectly owning, managing, operating,
controlling, financing, or by directly or indirectly serving as an employee, officer or director of
or consultant to, any of the following:

               (i) Any company listed (during the year immediately preceding the Agreement Date) as an
industrial or mixed office/industrial (but not pure office) REIT or Real Estate Operating
Company as provided in the NAREIT Chart Book, dated January 2008 (a “Peer Group Member”);

               (ii) Any person, firm, partnership, corporation, trust or other entity (including, but not
limited to, Peer Group Members), public or private, which, as a material component of its business
(other than for its own use as an owner or user), invests in industrial warehouse facilities and
properties similar to the Company’s investments and holdings: (A) in any geographic market or
territory in which the Company owns properties or has an office either as of the Agreement Date; or
(B) in any market in which an acquisition or other investment by the Company or any affiliate of
the Company is pending or contemplated as of the Agreement Date, whether or not embodied in any
formalized, written legal document.

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          (b) In addition, during the Restrictive Period, Executive shall not act as a principal,
investor or broker/intermediary, or serve as an employee, officer, advisor or consultant, to any
person or entity, public or private, in connection with or concerning any investment opportunity of
the Company that is in the Pipeline or as to any customer or prospect of Company as of the
Agreement Date. Within ten (10) business days after the Agreement Date, the Company shall deliver
to Executive a written statement of the investment opportunities in the Pipeline as of the
Agreement Date (the “Pipeline Statement”) (as reflected on Exhibit A to this Agreement) and
a list of the deal opportunities and the actual and prospective entities with whom the Company
proposes to pursue such deal opportunities from time to time (the “Customer List”) (as reflected on
Exhibit B to this Agreement), and Executive shall then review the Pipeline Statement and
the Customer List for accuracy and completeness, to the best of his knowledge, and advise the
Company of any corrections required to the Pipeline Statement and the Customer List. Executive’s
receipt of any Severance Benefits shall be conditioned on his either acknowledging, in writing, the
accuracy and completeness of the Pipeline Statement and the Customer List, or advising the Company,
in writing, of any corrections or revisions required to the Pipeline Statement and the Customer
List in order to make them accurate and complete, to the best of Executive’s knowledge. The
restrictions concerning each and every individual investment opportunity in the Pipeline shall
continue until the first to occur of (i) expiration of the Restrictive Period; or (ii) Executive’s
receipt from the Company of written notice that the Company has abandoned such investment
opportunity, such notice not to affect the restrictions on all other investment opportunities
contained in the Pipeline Statement during the remainder of the Restrictive Period. For purposes
of this Agreement, investment opportunity shall be considered in the “Pipeline” if, as of the
Agreement Date, the investment opportunity is pending (for example, is the subject of a letter of
intent) or proposed (for example, has been presented to, or been bid on by, the Company in writing
or otherwise) or under consideration by the Company, whether at the Management Committee, IC, staff
level(s) or otherwise, and relates to any of the following potential forms of transaction: (r) an
acquisition for cash; (s) an UPREIT transaction; (t) a transaction under the Company’s so-called
“First Exchange” program; (u) a development project or venture; (v) a joint venture partnership or
other cooperative relationship, whether through a DOWNREIT relationship or otherwise; (w) an
“Opportunity Fund” or other private investment in or co-investment with the Company; (x) any debt
placement opportunity by or in Company; (y) any service or other fee-generating opportunity by the
Company; or (z) any other investment by the Company or an affiliate of the Company, in or with any
party or by any party in the Company or an affiliate of the Company.

          (c) In addition to the covenants set forth above, and notwithstanding anything to the contrary
set forth in this Agreement, Executive hereby agrees, except with the express prior written consent
of the Company (which may be given or withheld in the Company’s sole discretion), during and
throughout the period described in this Section 7(c), not to take any steps or engage in any acts
that have the purpose or effect of attempting to solicit or induce any employee of the Company to
terminate his employment with Company so as to become employed by or otherwise render services to
any entity with which Executive has any form of business or economic relationship, or otherwise
with any of the entities set forth in Section 7(a)(i) or Section 7(a)(ii) above. The foregoing
covenants and agreements of
Executive set forth in this Section 7(c) shall be in effect throughout a period of two (2)
years after the Agreement Date.

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          (d) The restrictions contained in Section 7(a) through Section 7(c) above are collectively
referred to as the “Restrictive Covenants.” If Executive violates the Restrictive Covenants and
the Company brings legal action for injunctive or other relief, the Company shall not, as a result
of the time involved in obtaining such relief, be deprived of the benefit of the full period of the
Restrictive Covenants. Accordingly, the Restrictive Covenants shall be deemed to have the duration
specified in Section 7(a) or, as applicable, Section 7(c), computed from the date the relief is
granted, but reduced by the time between the period when the Restrictive Period began to run and
the date of the first violation of the Restrictive Covenants by Executive. In the event that a
successor of the Company assumes and agrees to perform this Agreement or otherwise acquires the
Company, the Restrictive Covenants shall continue to apply only to the primary markets of the
Company as they existed immediately before such assumption or acquisition, and shall not apply to
any of the successor’s other offices or markets. The foregoing Restrictive Covenants shall not
prohibit Executive from owning, directly or indirectly, capital stock or similar securities that
are listed on a securities exchange and that do not represent more than five percent (5%) of the
outstanding capital stock of any corporation.

          (e) Relief from Restrictive Covenants. In the event Executive shall desire to engage
in any activity that would violate the Restrictive Covenants, but which he reasonably and in good
faith believes would be immaterial to the economic and proprietary interests of the Company or any
of its affiliates, he may, prior to (but not after) engaging in such activity, submit to the
Company a written request for relief from the Restrictive Covenants, which written request shall
set forth the scope of the proposed activity, the scope of the requested relief and the basis upon
which Executive believes such activity to be immaterial to the interests of the Company. Within
ten (10) business days after receipt of Executive’s written request, and subject to the specific
approval of the Company, the Company shall advise Executive, in writing, as to whether the
requested relief shall be granted. The parties agree that such relief shall be granted only if the
Company reasonably determines that the reasonably anticipated impact on the Company of the grant of
such relief is in fact immaterial to and fully compatible with the economic and proprietary
interests of the Company (and its separate regions, ventures, divisions, subsidiaries and
affiliates), it being specifically hereby understood and acknowledged by Executive that a
purportedly “minor” percentage impact on Company-wide revenues or expenses of the Company shall not
be deemed to be per se immaterial.

          (f) Remedies for Breach of Restrictive Covenant. Executive acknowledges that the
restrictions contained in Section 6 and Section 7 of this Agreement are reasonable and necessary
for the protection of the legitimate proprietary business interests of the Company; that any
violation of these restrictions would cause substantial injury to the Company and such interests;
that the Company would not have entered into the Employment Agreement or this Agreement with
Executive without receiving the additional consideration offered by Executive in binding himself to
these restrictions; and that such restrictions are a material inducement to the Company to enter
into this Agreement. In the event of any violation of these restrictions or
statement of intent by Executive to violate any of these restrictions, the Company shall
automatically be relieved of any and all further financial and other obligations to Executive under
this Agreement, in relation to the payment of a Severance Benefits or otherwise, and shall be
entitled to all rights, remedies or damages available at law, in equity or otherwise under this
Agreement; and, without limitation, shall be entitled to temporary and preliminary injunctive
relief, granted by a court of competent jurisdiction, to prevent or restrain any such violation by

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Executive and any and all persons directly or indirectly acting for or with him, as the case may
be, such injunctive relief to be available pending the outcome of the arbitration process provided
under Section 15 of this Agreement, which arbitration process will entitle the arbitrator to
determine that permanent injunctive relief is to be granted to the Company, whereupon such relief
shall be granted by a court of competent jurisdiction, based on the determination of the
arbitrator.

          (g) The Restrictive Covenants and confidentiality obligations contained in Section 6 and
Section 7 of this Agreement hereby supersede and restrictive covenants and confidentiality
obligations contained in the Employment Agreement, any Company policy or any other agreement
between the Company and Executive.

     Section 8. Indemnification/Cooperation.

          (a) Throughout all applicable limitation periods, the Company shall continue to provide
Executive (including his heirs, personal representatives, executors and administrators) at the
Company’s expense, with such directors’ and officers’ liability insurance coverages at the same
level the Company provides for its current directors and officers, with respect to periods prior to
and including the Agreement Date.

          (b) In addition to the insurance coverage provided for in Section 8(a), the Company shall
defend, hold harmless and indemnify Executive to the fullest extent permitted under applicable law,
and subject to each of the requirements, limitations and specifications set forth in the Articles
of Incorporation and Bylaws of the Company, against all documented, out-of-pocket expenses and
liabilities reasonably incurred by him in connection with or arising out of, any action, suit or
proceeding in which Executive may be involved by reason of his having been an officer of the
Company, such expenses and liabilities to include, but not be limited to, judgments, court costs
and attorneys’ fees and the cost of reasonable settlements.

          (c) In the event Executive becomes a party, or is threatened to be made a party, to any
action, suit or proceeding for which the Company has agreed to provide insurance coverage or
indemnification under this Section 8, the Company shall, to the full extent permitted under
applicable law, and subject to the each of the requirements, limitations and specifications set
forth in the Articles of Incorporation, Bylaws and other organizational documents of the Company,
advance all expenses (including the reasonable attorneys’ fees of the attorneys reasonably selected
by Company and reasonably approved by Executive for the representation of Executive), judgments,
fines and amounts paid in settlement (collectively “Expenses”) incurred by Executive in connection
with the investigation, defense, settlement, or appeal of any threatened, pending or completed
action, suit or proceeding, subject to receipt
by the Company of a written undertaking from Executive covenanting: (i) to reimburse the
Company for the amount of all of the Expenses actually paid by the Company to or on behalf of
Executive in the event it shall be ultimately determined, by the court or the arbitrator, as
applicable to the case, that Executive is not entitled to indemnification by the Company for such
Expenses; and (ii) to assign to the Company all rights of Executive to insurance proceeds, under
any policy of directors’ and officers’ liability insurance or otherwise, to the extent of the
amount of the Expenses actually paid by the Company to or on behalf of Executive.

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          (d) As long as there is no conflict between Executive’s legal interests and those of the
Company, Executive agrees that he shall, to the extent reasonably requested in writing, cooperate
with and serve in any capacity requested by the Company in any investigation and/or threatened or
pending litigation (now or in the future) in which the Company is a party, and regarding which
Executive, by virtue of his employment with the Company, has knowledge or information relevant to
said investigation or litigation, including but not limited to (i) meeting with representatives of
the Company to prepare for testimony and to provide truthful information regarding his knowledge,
(ii) acting as the Company’s representative, and (iii) providing, in any jurisdiction in which the
Company requests, truthful information or testimony relevant to the investigation or litigation.
The Company agrees to pay Executive reasonable compensation and reimburse Executive for reasonable
expenses incurred in connection with such cooperation.

     Section 9. Mutual Release of Claims. The obligation of the Company to provide
Executive the Severance Benefits are contingent upon (i) Executive executing and delivering to the
Company a mutual release of claims in the form attached to this Agreement as Exhibit C (the
"Release”), with such execution and delivery occurring during the twenty-one (21) day period
beginning on the Agreement Date, and (ii) Executive not revoking the Release during the applicable
seven (7)-day revocation period. For purposes of this Agreement, “Effective Date” shall mean the
eighth (8th) day following the execution and delivery to the Company of the Release; provided that
Executive has not before such date revoked the Release.

     Section 10. Mutual Non-Disparagement and Employment References/Inquiries.

          (a) The Company and Executive agree that, at all times following the signing of this
Agreement, they shall not engage in any disparagement or vilification of the other, and shall
refrain from making any false, negative, critical or otherwise disparaging statements, implied or
expressed, concerning the other, including, but not limited to, the management style, methods of
doing business, the quality of products and services, role in the community, treatment of employees
or the circumstances and events regarding Executive’s employment separation. Executive
acknowledges that the only persons whose statements may be attributed to the Company for purposes
of this Agreement not to make disparaging statements shall be each member of the Board of Directors
of the Company and each of the Company’s senior executive officers. The parties further agree to
do nothing that would damage the other’s business reputation or good will.

     Section 11. Mutual No Admissions. The Company denies that it or any of its employees
or agents has taken any improper action against Executive, and Executive agrees that this Agreement
shall not be admissible in any proceeding as evidence of improper action by the Company or any of
its employees or agents. Likewise, the Company agrees that this agreement shall not be admissible
in any proceeding as evidence of improper action by Executive.

     Section 12. Confidentiality. Executive and the Company agree to keep the existence
and the terms of this Agreement confidential, except for Executive’s immediate family members or
their legal or tax advisors in connection with services related hereto and except as may be
required by the federal securities laws or other applicable law or in connection with the
preparation of tax returns.

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     Section 13. Mutual Non-Waiver. The Company’s waiver of a breach of this Agreement by
Executive shall not be construed or operate as a waiver of any subsequent breach by Executive of
the same or of any other provision of this Agreement. In addition, the Executive’s waiver of a
breach of this agreement by the Company shall not be construed or operate as a waiver of any
subsequent breach by the Company of the same or any other provision of this Agreement.

     Section 14. Governing Law. The validity, interpretation, performance and enforcement
of this Agreement shall be governed by the internal laws of the State of Illinois, without regard
or reference to any principles of conflicts of law of the State of Illinois or any other
jurisdiction, except to the extent that such internal laws are preempted by the laws of the United
States.

     Section 15. Mediation and Arbitration. Except only as otherwise provided in Section
7(f), each and every dispute, controversy and contested factual and legal determination arising
under or in connection with this Agreement or Executive’s employment shall be committed to and be
resolved exclusively through the arbitration process, in an arbitration proceeding, conducted by a
single arbitrator sitting in Chicago, Illinois, in accordance with the rules of the American
Arbitration Association (the “AAA”) then in effect. If the Company or Executive, as the case may
be, contends that a breach or threatened breach of this Agreement has occurred, or that a bona fide
controversy exists hereunder, the Company or Executive, as the case may be, may initiate the
arbitration process as described in this Section 15 by filing a Notice of Arbitration with the AAA
(after the thirty (30)-day mediation period described in the following sentences) and delivering a
copy of the same to the other party. Prior to filing a Notice of Arbitration with the AAA, the
party shall give the other party thirty (30) days notice of intent to file such Notice of
Arbitration. During such thirty (30)-day period, the parties shall seek to mediate the dispute to
resolution, and if the dispute fails to be resolved within such period, the party may file the
Notice of Arbitration any time thereafter. Such Notice of Arbitration shall request that the AAA
submit to both Executive and the Company a list of eleven (11) proposed arbitrators provided that
no arbitrator shall be related to or affiliated with either of the parties. The arbitrator shall
be selected by the parties from that list. No later than ten (10) days after the list of proposed
arbitrators is received by the parties, the parties, or
their respective representatives, shall meet at a mutually convenient location in Chicago,
Illinois, or telephonically. At that meeting, the party who sought arbitration (and delivered the
Notice of Arbitration) shall eliminate one (1) proposed arbitrator and then the other party shall
eliminate one (1) proposed arbitrator. The parties shall continue to alternatively eliminate names
from the list of proposed arbitrators in this manner until each party has eliminated five (5)
proposed arbitrators. The remaining arbitrator shall be promptly engaged by the parties to
arbitrate the dispute. Each party shall submit, in writing, the specific requested action or
decision it wishes to take, or make, with respect to the matter in dispute (“Proposed Solution”),
and the arbitrator shall be obligated to choose one (1) party’s specific Proposed Solution, without
being permitted to effectuate any compromise or “new” position; provided, however, that the
arbitrator shall be authorized to award amounts not in dispute during the pendency of any dispute
or controversy arising under or in connection with this Agreement. The party whose Proposed
Solution is not selected shall bear the costs of all counsel, experts or other representatives that
are retained by both parties, together with all costs of the arbitration proceeding, including,
without limitation, the fees, costs and expenses imposed or incurred by the arbitrator. If the
arbitrator ultimately

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chooses Executive’s Proposed Solution, then the Company shall pay a per annum
rate of two percent (2%) in excess of the per annum rate publicly announced, from time to time, by
JPMorgan Chase & Co. as its “prime” or “base” or “reference” rate of interest; provided, however,
that if the interest rate set forth herein exceeds the highest legally-permissible interest rate,
then the interest rate shall be reduced to the level of the highest legally permissible interest
rate, on the amount the arbitrator awards to Executive (exclusive of attorneys’ fees and costs and
expenses of the arbitration), such interest to be calculated from the date the amount payable under
Executive’s Proposed Solution would have been paid under this Agreement, but for the dispute,
through the date payment (inclusive of interest) is made. Judgment may be entered on the
arbitrator’s award in any court having jurisdiction, including, if applicable, entry of a permanent
injunction under such Section 7(f) of this Agreement. Nothing contained in this Section 15 shall
constrain any party’s right to petition a court of competent jurisdiction for injunctive or
interlocutory relief pending the outcome of arbitration of any dispute or controversy arising under
this Agreement

     Section 16. Put Demand as to Released Securities. The Executive acknowledges and
agrees that he will not attempt to exercise any rights or interests Executive may or may not have
under Section 10.6 of the Employment Agreement.

     Section 17. Excess Parachute Payment. If it is determined, in the opinion of the
Company’s independent accountants, in consultation, if necessary, with the Company’s independent
legal counsel, that any amount payable to the Executive by the Company under this Agreement, or any
other plan or agreement under which the Executive participates or is a party, would constitute an
“Excess Parachute Payment” within the meaning of Section 280G of the Internal Revenue of 1986, as
amended (the “Code”), and would thereby be subject to the excise tax imposed by Section 4999 of the
Code (the “Excise Tax”), then in such event, the Company shall pay to the Executive a “grossing-up”
amount equal to the amount of such Excise Tax, plus all federal and state income or other taxes
with respect to the payment of the amount of such Excise Tax, including all such taxes with respect
to any such grossing-up amount. If, at a later date, the Internal Revenue Service assesses a
deficiency against the
Executive for the Excise Tax which is greater than that which was determined at the time such
amounts were paid, then the Company shall pay to the Executive the amount of such unreimbursed
Excise Tax, plus any interest, penalties and reasonable professional fees or expenses incurred by
the Executive as a result of such assessment, including all such taxes with respect to any such
additional amount. The highest marginal tax rate applicable to individuals at the time of the
payment of such amounts will be used for purposes of determining the federal and state income and
other taxes with respect thereto. The Company shall withhold from any amounts paid under this
Agreement the amount of any Excise Tax or other federal, state or local taxes then required to be
withheld. Computations of the amount of any grossing-up supplemental compensation paid under this
Section shall be conclusively made by the Company’s independent accountants, or other independent
accountants retained by the Compensation Committee, in consultation, if necessary, with the
Company’s (and/or the Compensation Committee’s) independent legal counsel. The Company shall pay
all accountant and legal counsel fees and expenses arising as a result of this Section. If, after
the Executive receives any gross-up payments or other amount pursuant to this Section, the
Executive receives any refund with respect to the Excise Tax, the Executive shall promptly pay the
Company the amount of such refund within ten (10) days of receipt by the Executive, on a grossed-up
basis. If the Company deems it necessary or advisable to contest or

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appeal any assessment, or
determination made by the Internal Revenue Service relating to the imposition of an Excise Tax as
described herein (an “Excise Tax Contest/Appeal”), the Executive covenants and agrees to reasonably
cooperate with the Company in connection with the Excise Tax Contest/Appeal; provided, however,
that the Company shall be responsible for all professional costs and expenses incurred by the
Executive in connection with such Excise Tax Contest/Appeal.

     Section 18. Entire Agreement. This Agreement sets forth the entire agreement of the
parties with respect to the matters provided for herein, and shall be final and binding as to all
claims that have been or could have been advanced on behalf of Executive pursuant to any claim
arising out of or related in any way to Executive’s employment with the Company and the termination
of that employment.

     Section 19. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same Agreement. Facsimile transmission of any executed original document shall be
deemed to be the same as the delivery of the executed original.

     Section 20. Dispute Resolution. Each and every dispute, controversy and contested
factual and legal determination arising under or in connection with this Agreement shall be
committed to and be resolved in accordance with the terms and conditions set forth in Section 15 of
this Agreement.

     Section 21. Miscellaneous. The headings used in this Agreement are for convenience
only, shall not be deemed to constitute a part hereof, and shall not be deemed to limit,
characterize or in any way affect the construction or enforcement of the provisions of this
Agreement. Wherever from the context that it appears appropriate, each term stated in
either the singular or plural shall include the singular and the plural and the pronouns
stated in either the masculine, feminine or the neuter gender shall include the masculine, feminine
and neuter, and the words “include,” “includes” and “including” shall mean “include, without
limitation,” “includes, without limitation” and “including, without limitation,” respectively. The
subject matter and language of this Agreement have been the subject of negotiations between the
parties and their respective counsel, and this Agreement has been jointly prepared by their
respective counsel. Accordingly, this Agreement shall not be construed against either party on the
basis that this Agreement was drafted by such party or its counsel. This Agreement shall be
binding upon and inure to the benefit of Executive and Executive’s heirs and personal
representatives and the Company and its successors, representatives and assigns.

(Signature page follows)

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     In Witness Whereof, this Agreement has been duly executed as of the dates set forth
below.

	 	 	 	 	 	 	 	 	 
	First Industrial Realty Trust, Inc.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ W. Ed Tyler	 	 	 	 	 	 
	 	 	 	 	 	 	 
	By:

	 	W. Ed Tyler
	 	 	 	Date:
	 	November 26, 2008
	Title:

	 	President and Chief Executive Officer	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ Michael W. Brennan	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Michael W. Brennan	 	 	 	Date:	 	November 26, 2008

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EXHIBIT A

Section 7(b) — Pipeline Statement:

AVRO, LLC

Circuit City Stores Inc.

Pure Fishing, Inc.

Quad/Graphics Inc.

Rust-Oleum Corp.

Tricon Industries, Inc.

Uponor Corp.

Vi-Jon, Inc.

Affiliated Foods. Inc.

Arm & Hammer

BNSF Railway Co.

Cracker Barrel

Delphi Auto Systems, Corp.

DJ Orthopedics, Inc.

Greenheck Fan Corp.

Kuehne + Nagel International AG

Masimo Corp.

Penske Logistics LLC

Pick-Your-Part Auto Wrecking

The Goodyear Tire & Rubber Co.

TriMas Corp.

Union Pacific Corp.

Yellow Roadway Enterprise Services

A-1

 

EXHIBIT B

Section 7(b) — Customer List:

Abbott Laboratories

ACH LLC

ADESA Inc.

Advanced Lighting

Affiliated Foods Midwest

Alberto Culver

Alcoa

Aldi

Alexander Land Clearing Inc

Alexander Mobility

Amarr Co

AmberJack Ltd

Amcor Sunclipse

Amer Sports

American Bottling

American Leather/Palomino Capital

Archway Marketing Services

Arizona Tents and Events

Asset Acceptance

A-Tech Suburban Inc.

Atlas Cold Storage

Atronic of Americas (fee)

Auto Parts Inc

AVRO

Bard Access Systems

Beltmann Group, Inc.

Bright House Networks

Brooks Industries

Brylane

C&S Wholesale Grocers

CalSak

Cardinal Glass

Caterpillar Campus

Caterpillar Logistics

Caterpillar Logistics

Cenveo

Chicago Vendor Supply

Circuit City

Communications Concepts

Consolidated Plastics Co., Inc.

Contico

Continental General Tire

Coronado Paint Company

Costa Pasta

Courtland Homes

Covance Laboratories

Creative Technology Ltd

Cybex International

Dallas Semi-Conductor

DBL Logistics

Dennis Investments (WJ Dennis)

DMI Associates

DS Container

Dunkin’ Donuts

Educational Symposia

Electronic Boutique

Elliot’s Designs

Feed the Children

Filtrona

Finn Power

Firstar Fiber

Focus Products Group

Ford

Ford HVC

Former Bus. Owner

Fullman Romiss Court Partners

GE Lighting

Genco, Inc.

Georgia Gulf Corporation

Glazer’s Wholesale Drug Company

GM

Gourment Express / Ilex Private Equity

Govesan America Corporation

Haverty Furniture

Helmer, Inc.

Hines

HK Systems

Home Depot

Home Interiors & Gifts

Hunter Fan

Hyperlogistics LLC

Interbath Inc

I-Trax (CHD Meridian Healthcare)

Jacobson

Jacobson Holding Corp

Jacobson Holding Corp.

B-1

 

Jeld-Wen

JH Collectibles(Ross Family)

Joseph Weil & Sons/Bunzl

Kimberly-Clark

Le*Nature

Leggett & Platt

Lenox Inc

Libbey

Long’s Drugs

Lubrizol

Marcom Services (Olaf Bjorkedal)

Mary Kay

Maxell Corporation

Maytag

Maytag — Covington (fee)

McDonough & Knox (Relizon)

MDC Corp/Dal-Tile

Metal Impact

Michelin North America

Mohawk Carpet

MSI HVAC

National Foam (KIDDE Corp)

National RV Inc

Navistar International

Newell Rubbermaid

Nilfisk-Advance A/S

Oakley Industries

OEM Logistics Support

OHL/Red Bull

Old Castle Glass

Ozburn Hessey

Ozburn Hessey Storage Co.

Ozburn-Hessey

Ozburn-Hessey Logistics

Pactiv

PACTIV

PDI (Precision Diversified Industries)

Penn Appliance

Penn Jersey Paper Co.

Penske

Pier 1 Imports

Pratt Industries

Precision Custom Coatings

Primesource

Procter and Gamble (fee)

Publisher Resources (Ingram Book)

Pure Fishing (Jarden Corp.)

Quad Graphics

Quantum Foods Portfolio

Quebecor

Radio Frequency Systems

RDB Development Co

Redi Cut Foods

Remy International

Republic Fasteners

Ridge Tool

River Bend Industries/Palomino Capital

Robert Bosch Corporation

Rockwell Automation

Roosevelt Paper

Rust-Oleum

Saul Leasing

SC Johnson (fee)

Schenck Rotec Corp

Schiff Nutrition

Sears

Senior Aerospace

Sharp Corp (Ives-Lee Corp)

Silgan Container Corporation

Smurfit Stone Container

Solo Cup

Sports Brands International Ltd (Fila)

Square D

St. Gobain

Staples

Steve Lanter

Sun Capital Partners (Jevic)

Sungdo International

Supervalu

Taylor & Francis

Tennant Company

The Hershey Company

Thermo Electron Corporation

Thor Industries, Inc

Thyssen Krupp Corp (Dover Elevator)

Tower Automotive (fee)

Tractor Supply Companies

Tricon

TSN (Bunzl)

Tucker Rocky

Unisource Worldwide

United Supermarkets

B-2

 

Uponor

USCO

Utah Plastics

Vanee Foods (fee)

Verizon Wireless

Vi-Jon

Victoria Vogue

Vintage Capital Group/Lubricating Specialties

Volkswagen of America

Volkswagen of Canada

Walgreen

Weekend Warrior Trailers

Weston Foods

Weyerhaeuser

Whirlpool

Wilkins-Rogers Inc.

WITCO Systems

Wolfe Engineering

Yellow Roadway Corp.

YKK Universal Fasteners

B-3

 

Exhibit C

Mutual General Release of All Claims

     Whereas, Michael W. Brennan (“Executive”) and First Industrial Realty Trust, Inc., a Maryland
corporation (the “Company”), have entered into a Separation and Release Agreement, effective
October 22, 2008 (the “Separation Agreement”), which requires the Executive to execute this Mutual
General Release of All Claims (the “Mutual Release”):

     Now, therefore, in consideration for payments and benefits provided by the Company as set
forth in the Separation Agreement, the sufficiency of which is hereby acknowledged by Executive,
and in consideration of the obligations of Executive under the Separation Agreement, the
sufficiency of which is hereby acknowledged by the Company, Executive and the Company hereby agree
as follows:

     1. For valuable consideration, the adequacy of which is hereby acknowledged, Executive on
behalf of himself and the other Executive Releasors (as defined below) releases and forever
discharges the Company and the other Company Releasees (as defined below) from any and all Claims
(as defined below) which Executive now has or claims, or might hereafter have or claim, whether
known or unknown, suspected or unsuspected (or the other Executive Releasors may have, to the
extent that it is derived from a Claim which Executive may have), against the Company Releasees
based upon or arising out of any matter or thing whatsoever, from the beginning of time to the date
affixed beneath Executive’s signature on this Mutual Release and shall include, without limitation,
Claims arising out of or related to Executive’s employment within the Company and the termination
thereof, the employment agreement between the Company and Executive dated June 21, 2005 (the
"Employment Agreement”) and Claims arising under (or alleged to have arisen under) (a) The Age
Discrimination in Employment Act of 1967, as amended; (b) Title VII of the Civil Rights Act of
1964, as amended; (c) The Civil Rights Act of 1991; (d) Section 1981 through 1988 of Title 42 of
the United States Code, as amended; (e) the Employee Retirement Income Security Act of 1974, as
amended; (f) the Immigration Reform and Control Act of 1986, as amended; (g) the Americans with
Disabilities Act of 1990, as amended; (h) the National Labor Relations Act, as amended; (i) the
Occupational Safety and Health Act of 1970 , as amended; (j) any state or local anti-discrimination
law; (k) any other local, state or federal law, regulation or ordinance; (l) any public policy,
contract, tort, or common law; or (m) any allegation for costs, fees, or other expenses including
attorneys’ fees incurred in these matters. Executive further releases any rights to recover
damages or other personal relief based on any claim or cause of action filed on Executive’s behalf
in court or any agency. Notwithstanding the above, Executive Releasors do not release any claim
duly filed pursuant to the group welfare and retirement plans of the Company or a claim filed
pursuant to any policy of liability insurance or the Company’s by-laws and nothing herein precludes
Executive Releasors from enforcing rights under this Mutual Release or the Separation Agreement.

     2. For purposes of this Mutual Release, the terms set forth below shall have the following
meanings:

C-1

 

          (a) The term “Claims” shall include any and all rights, claims, demands, debts, dues, sums of
money, accounts, attorneys’ fees, experts’ fees, complaints, judgments, executions, actions and
causes of action of any nature whatsoever, cognizable at law or equity.

          (b) The term “Company Releasees” shall include the Company and its affiliates and their
current, former and future officers, directors, trustees, members, employees, shareholders,
partners, attorneys, agents, assigns and administrators and fiduciaries under any employee benefit
plan of the Company and of any affiliate, and insurers, and their predecessors and successors.

          (c) The term “Executive Releasors” shall include Executive, and his family, heirs, executors,
representatives, agents, insurers, administrators, successors, assigns, and any other person
claiming through Executive.

     3. Executive acknowledges that: (a) Executive has read and understands this Mutual Release in
its entirety; (b) the payments and other benefits provided to Executive under the Separation
Agreement between Executive and the Company dated October 22, 2008 exceed the nature and scope of
that to which Executive would otherwise have been entitled to receive from the Company; (c)
Executive has been advised in writing to consult with an attorney about this Mutual Release before
signing and has had ample opportunity to do so; (d) Executive has been given twenty-one (21) days
to consider this Mutual Release before signing; (e) Executive has the right to revoke this Mutual
Release in full within seven (7) calendar days of signing it by providing written notice to the
Company, and that this Mutual Release shall not become effective until that seven-day revocation
period has expired; and (f) Executive enters into this Mutual Release knowingly and voluntarily,
without duress or reservation of any kind, and after having given the matter full and careful
consideration. Any revocation must be in writing and delivered to the principal headquarters
office of the Company, Attention: Vice President — Legal, with a copy concurrently so delivered to
Barack Ferrazzano Kirschbaum & Nagelberg LLP, 200 West Madison Street, Suite 3900, Chicago,
Illinois 60606, to the joint attention of Howard A. Nagelberg and Donald L. Norman, Jr. If sent by
mail, any revocation must be postmarked within the seven (7)-day period and sent by certified mail,
return receipt requested.

     4. The Company does hereby knowingly and voluntarily release and forever discharge Executive
from all Claims known or unknown, fixed or contingent, which it ever had, now has, or may have, or
which it hereafter can, shall, or may have, from the beginning of time through the date on which it
signs this Mutual Release, including without limitation those arising out of or related to
Executive’s employment or separation from employment with the Company; provided nothing herein
precludes the Company from enforcing its rights under this Mutual Release or the Separation
Agreement; provided, further, that the Company does not release or discharge any future claims
against Executive arising out of any acts or omissions of Executive (a) that as of the date of this
Mutual Release are known to Executive, which Executive fails to fully disclose to the Company, and
that have a material adverse future impact on the Company, or (b) that are fraudulent or dishonest.

(Signature page follows)

C-2

 

     In Witness Whereof, this Mutual Release has been duly executed as of the dates set
forth below.

	 	 	 	 	 	 	 	 	 
	First Industrial Realty Trust, Inc.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ W. Ed Tyler	 	 	 	 	 	 
	 	 	 	 	 	 	 
	By:

	 	W. Ed Tyler
	 	 	 	Date:
	 	November 26, 2008
	Title:

	 	President and Chief Executive Officer	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ Michael W. Brennan	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Michael W. Brennan	 	 	 	Date:	 	November 26, 2008

C-3EX-10.1

Exhibit 10.1

EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (the “Agreement”), dated as of November 26, 2008, is by and between
ARRIS GROUP, INC., a Delaware corporation (the “Company”), and John Caezza (“Executive”).

     WHEREAS, Executive and the Company want to enter into a written agreement providing for the
terms of Executive’s employment by the Company.

     NOW, THEREFORE, in consideration of the foregoing recital and of the mutual covenants set
forth herein, and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

     1. Employment. Executive agrees to enter into the continued employment of the
Company, and the Company agrees to employ Executive, on the terms and conditions set forth in this
Agreement. Executive agrees during the term of this Agreement to devote substantially all of his
business time, efforts, skills and abilities to the performance of his duties as stated in this
Agreement and to the furtherance of the Company’s business.

          Executive’s job title will be President, Access, Transport and Supplies and his duties will be
those as are designated by the Chief Executive Officer of the Company. Executive further agrees to
serve, without additional compensation, as an officer or director, or both, of any subsidiary,
division or affiliate of the Company or any other entity in which the Company holds an equity
interest, provided, however, that (a) the Company shall indemnify Executive from liabilities in
connection with serving in any such position to the same extent as his indemnification rights
pursuant to the Company’s Certificate of Incorporation, By-laws and applicable Delaware law, and
(b) such other position shall not materially detract from the responsibilities of Executive
pursuant to this Section 1 or his ability to perform such responsibilities.

     2. Compensation.

          (a) Base Salary. During the term of Executive’s employment with the Company pursuant
to this Agreement, the Company shall pay to Executive as compensation for his services an annual
base salary of not less than $312,000 (“Base Salary”). Executive’s Base Salary will be payable in
arrears (no less frequently than monthly) in accordance with the Company’s normal payroll
procedures and will be reviewed annually and subject to upward adjustment at the discretion of the
Chief Executive Officer and Compensation Committee, but will not be lowered except in connection
with reductions applied to all executive officers.

          (b) Incentive Bonus. During the term of Executive’s employment with the Company
pursuant to this Agreement, Executive’s incentive compensation program shall be determined by the
Company in its discretion with a target bonus equal to 60% of Base Salary,

 

 

and allowing for payment of up to 200% of target thereafter. Executive’s bonus, if any, shall
be payable as soon after the end of each calendar year to which it relates as it can be determined,
but in any event within two and one-half (2-1/2) months thereafter.

          (c) Executive Perquisites. During the term of Executive’s employment with the Company
pursuant to this Agreement, Executive shall be entitled to receive such executive perquisites and
fringe benefits as are provided to the executives in comparable positions and their families under
any of the Company’s plans and/or programs in effect from time to time and such other benefits as
are customarily available to executives of the Company and their families, including without
limitation vacations and life, medical and disability insurance.

          (d) Tax Withholding. The Company has the right to deduct from any compensation
payable to Executive under this Agreement social security (FICA) taxes and all federal, state,
municipal or other such taxes or charges as may now be in effect or that may hereafter be enacted
or required.

          (e) Expense Reimbursements. The Company shall pay or reimburse Executive for all
reasonable business expenses incurred or paid by Executive in the course of performing his duties
hereunder, including but not limited to reasonable travel expenses for Executive. As a condition
to such payment or reimbursement, however, Executive shall maintain and provide to the Company
reasonable documentation and receipts for such expenses. Such payments and reimbursements shall be
made as soon as administratively practicable following submission of reasonable documentation and
receipts for such expenses but all such payments and reimbursements shall be made no later than the
last day of the calendar year following the calendar year in which Executive incurs the
reimbursable expense.

     3. Term. Unless sooner terminated pursuant to Section 4 of this Agreement, and
subject to the provisions of Section 5 hereof, the term of employment under this Agreement shall
commence as of the date hereof and shall continue for a period of one year. The term automatically
shall be extended by one day for each day of employment hereunder. Notwithstanding the foregoing
the term of employment under this agreement shall terminate, if it has not terminated earlier,
without further action on the part of the Company or Executive upon Executive’s 65th birthday.

     4. Termination. Notwithstanding the provisions of Section 3 hereof, but subject to
the provisions of Section 5 hereof, Executive’s employment under this Agreement shall terminate as
follows:

          (a) Death. Executive’s employment shall terminate upon the death of Executive,
provided, however, that the Company shall continue to pay no less frequently than monthly (in
accordance with its normal payroll procedures) the Base Salary to Executive’s estate for a period
of three months after the date of Executive’s death.

          (b) Termination for Cause. The Company may terminate Executive’s employment at any
time for “Cause” (as hereinafter defined) by delivering a written termination

2

 

notice to Executive. For purposes of this Agreement, “Cause” shall mean any of: (i)
Executive’s conviction of a felony or a crime involving moral turpitude; (ii) Executive’s
commission of an act constituting fraud, deceit or material misrepresentation with respect to the
Company; (iii) Executive’s embezzlement of funds or assets from the Company; (iv) Executive’s
addiction to any alcoholic, controlled or illegal substance or drug; (v) Executive’s commission of
any act or omission which would give the Company the right to terminate Executive’s employment
under applicable law; or (vi) Executive’s failure to correct or cure any material breach of or
default under this Agreement within ten days after receiving written notice of such breach or
default from the Company.

          (c) Termination Without Cause. The Company may terminate Executive’s employment at
any time by delivering a written termination notice to Executive.

          (d) Termination by Executive. Executive may terminate his employment at any time by
delivering ninety days prior written notice to the Company; provided, however, that the terms,
conditions and benefits specified in Section 5 hereof shall apply or be payable to Executive only
if such termination occurs as a result of a material breach by the Company of any provision of this
Agreement.

          (e) Termination Following Disability. In the event Executive becomes mentally or
physically impaired or disabled and is unable to perform his material duties and responsibilities
hereunder for a period of at least ninety days in the aggregate during any one hundred twenty
consecutive day period, the Company may terminate Executive’s employment by delivering a written
termination notice to Executive. Notwithstanding the foregoing, Executive shall continue to
receive his full salary and benefits under this Agreement for a period of six months after the
effective date of such termination with his base salary payable in arrears no less frequently than
monthly in accordance with the Company’s normal payroll procedures and continued benefits on a
monthly basis through such time.

          (f) Payments. Following any expiration or termination of this Agreement and
Executive’s employment hereunder, in addition any amounts owed pursuant to Section 5 hereof, the
Company shall pay to Executive all amounts earned by Executive hereunder prior to the date of such
expiration and termination, as soon as administratively practicable following the date of
termination of Executive’s employment, in the normal course consistent with the provisions of this
Agreement. Additionally, subject to Executive’s continued compliance with Sections 7 and 8 of this
Agreement, if Executive terminates his employment with the Company without Good Reason on or after
Executive attains age 62 (provided Executive has no less than 10 years of continuous service with
Company as of such termination), all of Executive’s stock options and equity awards outstanding at
termination of Executive’s employment shall continue to vest for four (4) years after the
termination as if Executive remained employed through such time, and such stock options shall
remain outstanding through the original expiration date of the stock options (disregarding any
earlier expiration date based on Executive’s termination of employment).

3

 

     5. Certain Termination Benefits. Subject to Section 6(a) hereof, in the event (i) the
Company terminates Executive’s employment without cause pursuant to Section 4(c) or (ii) Executive
terminates his employment pursuant to Section 4(d) after a material breach by the Company (which
the Company fails to cure within ten days after written notice of such reach from Executive):

          (a) Base Salary and Bonus. The Company shall continue to pay to Executive his Base
Salary (as in effect as of the date of such termination) and bonus based upon the assumption that
Executive would have fulfilled the requirements to earn his target bonus that would have been
payable hereunder to Executive from the date of such termination for a period of twelve (12) months
following the termination (and a prorate portion for any partial year). The Company shall continue
to pay to Executive his Base Salary (as in effect as of the date of such termination) no less
frequently than monthly in accordance with the Company’s normal payroll procedures, beginning with
the first payroll date after the date of termination of Executive’s employment and continuing for
twelve (12) months immediately following the termination. The Company also shall pay to Executive
a bonus for each Company fiscal year (and a pro rata amount for each partial Company fiscal year)
during the twelve (12) months immediately following Executive’s termination of employment in an
amount equal to the bonus Executive would have received had he fulfilled the requirements to earn
his target bonus that would have been payable during such time (or pro rata amount of such bonus
for any partial Company fiscal year) with the bonus for any fiscal year or partial year to be paid
after the end of such fiscal or partial year and within two and one-half (2-1/2) months thereafter.
Notwithstanding the foregoing, all payments to be made or benefits to be provided under this
Section are subject to the provisions of Section 5(f) below.

          (b) Stock. Subject to Section 10 hereof, on and as of the effective date of the
termination of employment, all of Executive’s outstanding stock options and restricted stock grants
under the Company’s stock option and other benefit plans shall immediately vest. Additionally, all
of Executive’s outstanding stock options shall remain outstanding until the original expiration
date of the stock options (disregarding any earlier expiration date based on Executive’s
termination of employment).

          (c) Life Insurance. The Company shall continue to provide Executive on a monthly
basis with group and additional life insurance coverage, no less frequently than monthly, for a
period of twelve (12) months immediately following termination of employment.

          (d) Medical Insurance. The Company shall continue to provide Executive and his family
with group medical insurance coverage, no less frequently than monthly, under the Company’s medical
plans (as the same may change from time to time) or other substantially similar health insurance
for a period of twelve (12) months immediately following termination of employment.

          (e) Group Disability. The Company shall continue to provide Executive coverage, no
less frequently than monthly, under the Company’s group disability plan for a period of twelve (12)
months immediately following termination of employment (subject in the

4

 

case of long-term disability to the availability of such coverage under Company’s insurance
policy).

          (f) Section 409A. Notwithstanding any other provisions of this Agreement, it is
intended that any payment or benefit which is provided pursuant to or in connection with this
Agreement and which is considered to be nonqualified deferred compensation subject to Section 409A
of the Internal Revenue Code of 1986, as amended (the “Code”), will be provided and paid in a
manner, and at such time, as complies with Section 409A of the Code. For purposes of this
Agreement, all rights to payments and benefits hereunder shall be treated as rights to receive a
series of separate payments and benefits to the fullest extent allowed by Section 409A of the Code.
If Executive is a key employee (as defined in Section 416(i) of the Code without regard to
paragraph (5) thereof) and any of Company’s stock is publicly traded on an established securities
market or otherwise, then the payment of any amount or provision of any benefit under this
Agreement which is considered to be nonqualified deferred compensation subject to Section 409A of
the Code shall be deferred for six (6) months after the Termination Date or, if earlier,
Executive’s death (the “409A Deferral Period”), as required by Section 409A(a)(2)(B)(i) of the
Code. In the event payments are otherwise due to be made in installments or periodically during
such 409A Deferral Period, the payments which would otherwise have been made in the 409A Deferral
Period shall be accumulated and paid in a lump sum as soon as the 409A Deferral Period ends, and
the balance of the payments shall be made as otherwise scheduled. In the event, benefits are
otherwise to be provided hereunder during such 409A Deferral Period, any such benefits may be
provided during the 409A Deferral Period at Executive’s expense, with Executive having a right to
reimbursement for such expense from the Company as soon as the 409A Deferral Period ends, and the
balance of the benefits shall be provided as otherwise scheduled. For purposes of this Agreement,
Executive’s termination of employment shall be construed to mean a “separation from service” within
the meaning of Section 409A of the Code where it is reasonably anticipated that no further services
will be performed after such date or that the level of bona fide services Executive would perform
after that date (whether as an employee or independent contractor) would permanently decrease to
less than fifty percent (50%) of the average level of bona fide services performed over the
immediately preceding thirty-six (36)-month period. Without limitation, if any payment or benefit
which is provided pursuant to or in connection with this Agreement and which is considered to be
nonqualified deferred compensation subject to Section 409A of the Code fails to comply with Section
409A of the Code, and Executive incurs any additional tax, interest and penalties under Section
409A of the Code, Company will pay Executive an additional amount so that, after paying all taxes,
interest and penalties on such additional amount, Executive has an amount remaining equal to such
additional tax, interest and penalties. All payments to be made to Executive pursuant to the
immediately preceding sentence shall be payable no later than when the related taxes, interest and
penalties are to be remitted. Any right to reimbursement incurred due to a tax audit or litigation
addressing the existence or amount of any tax liability addressed in the immediately preceding
sentence must be made no later than when the related taxes, interest and penalties that are the
subject of the audit or litigation are to be remitted to the taxing authorities or, where no such
taxes, interest and penalties are remitted, within thirty (30) days of when the audit is completed
or there is a final non-appealable settlement or resolution of the litigation.

5

 

          (g) Offset. Any fringe benefits received by Executive in connection with any other
employment that are reasonably comparable, but not necessarily as beneficial, to Executive as the
fringe benefits then being provided by the Company pursuant to this Section 5, shall be deemed to
be the equivalent of, and shall terminate the Company’s responsibility to continue providing, the
fringe benefits then being provided by the Company pursuant to this Section 5. The Company
acknowledges that if Executive’s employment with the Company is terminated, Executive shall have no
duty to mitigate damages.

          (h) General Release. Acceptance by Executive of any amounts pursuant to this Section
5 shall constitute a full and complete release by Executive of any and all claims Executive may
have against the Company, its officers, directors and affiliates, including, but not limited to,
claims he might have relating to Executive’s cessation of employment with the Company; provided,
however, that there may properly be excluded from the scope of such general release the following:

               (i) claims that Executive may have against the Company for reimbursement of
ordinary and necessary business expenses incurred by him during the course of his
employment;

               (ii) claims that may be made by the Executive for payment of Base Salary,
fringe benefits or stock options properly due to him; or

               (iii) claims respecting matters for which the Executive is entitled to be
indemnified under the Company’s Certificate of Incorporation or Bylaws, respecting
third party claims asserted or third party litigation pending or threatened against
the Executive.

Notwithstanding the foregoing, as a condition to the payment to Executive of any amounts pursuant
to this Section 5, Executive shall execute and deliver to the Company a release in the customary
form then being used by the Company, which may include non-disparagement and confidentiality
agreements. In exchange for such release, the Company shall, if Executive’s employment is
terminated without Cause, provide a release to Executive, but only with respect to claims against
Executive which are actually known to the Company as of the time of such termination. Executive
will be required to execute and not revoke the Company’s standard written release of any and all
claims against the Company and all related parties with respect to all matters arising out of
Executive’s employment by the Company (other than as described above) no later than thirty (30)
days following Executive’s termination of employment (or such later time as the Company may
permit). If the Executive does not provide such release, with the period for revoking same having
already expired, then Company shall not be required to pay any further amounts pursuant to this
Section 5 and Executive will be required to return to the Company any amounts previously paid
pursuant to this Section 5.

6

 

     6. Effect of Change in Control.

          (a) If within one year following a “Change of Control” (as hereinafter defined), Executive
terminates his employment with the Company for Good Reason (as hereinafter defined) or the Company
terminates Executive’s employment for any reason other than Cause, death or disability, the Company
shall pay to Executive: (1) an amount equal to one times the Executive’s Base Salary as of the date
of termination; (2) an amount equal to one times the average annual cash bonus paid to Executive
for the two fiscal years immediately preceding the date of termination (and a pro rata portion for
any partial year); (3) all benefits under the Company’s various benefit plans, including group
healthcare, dental and life, for the period equal to twelve months from the date of termination;
and (4) subject to Section 10 hereof, on and as of the effective date of the termination of
employment, all of Executive’s outstanding stock options and restricted stock grants under the
Company’s stock option and other benefit plans shall immediately vest. The Company shall pay the
amounts set forth in (1) and (2) above in one lump sum payment as soon as administratively
practicable (and within thirty (30) days) following Executive’s termination of employment. The
benefits provided under (3) above shall be provided no less frequently than monthly following the
date of termination of employment. Additionally, Executive’s outstanding stock options shall
remain outstanding until the original expiration date of the stock options (disregarding any
earlier expiration date based on Executive’s termination of employment). Notwithstanding the
foregoing, all payments to be made and benefits to be provided under this Section are subject to
the provisions of Section 5(f) above.

          (b) “Change of Control” shall mean the date as of which: (i) there shall be consummated (1)
any consolidation or merger of the Company to which the Company is not the continuing or surviving
corporation or pursuant to which shares of the Company’s common stock would be converted into cash,
securities or other property, other than a merger of the Company in which the holders of the
Company’s common stock immediately prior to the merger own more than 50% of the total fair market
value or total voting power of the continuing or surviving entity, or (2) any sale, lease, exchange
or other transfer (in one transaction or a series of related transactions) of all, or substantially
all, of the assets of the Company or (ii) the stockholders of the Company approve any plan or
proposal for the liquidation or dissolution of the Company; or (iii) otherwise (any person) as such
term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended.
(the “Exchange Act”)), shall become the beneficial owner (within the meaning of Rule 13d-3 under
the Exchange Act) of 30% or more of the Company’s outstanding common stock (in a single transaction
or within twelve (12) months from the date of the final acquisition) or (iv) during any one year,
individuals who at the beginning of such period constitute the entire Board of Directors of the
Company shall cease for any reason to constitute a majority thereof unless the election, or the
nomination for election by the Company’s stockholders, of each new director was approved by a vote
of at least two-thirds of the directors still then in office who were directors at the beginning of
the period. This definition of “Change in Control” is intended to comply with the definition of a
change in the ownership or effective control of the Company or in the ownership of a substantial
portion of the assets of the Company within the meaning of Section 409A(a)(2)(A)(v) of the Code and
shall be construed consistent with that intent.

7

 

          (c) “Good Reason” shall mean any of the following actions taken by the Company without the
Executive’s written consent after a Change of Control:

               (i) the assignment to the Executive by the Company of duties inconsistent with,
or the reduction of the powers and functions associated with, the Executive’s
position, duties, responsibilities and status with the Company immediately prior to
a Change of Control or Potential Change of Control (as defined below), or an adverse
change in Executive’s titles or offices as in effect immediately prior to a Change
of Control or Potential Change of Control, or any removal of the Executive from or
any failure to re-elect Executive to any of such positions, except in connection
with the termination of his employment for Disability or Cause or as a result of
Executive’s death except to the extent that a change in duties relates to
the elimination of responsibilities attendant to the Company’s no longer being a
publicly traded company;

               (ii) A reduction by the Company in the Executive’s Base Salary as in effect on
the date of a Change of Control or Potential Change of Control, or as the same may
be increased from time to time during the term of his Agreement;

               (iii) The Company shall require the Executive to be based anywhere other than
at the Company’s principal executive offices or the location where the Executive is
based on the date of a Change of Control or Potential Change of Control, or if
Executive agrees to such relocation, the Company fails to reimburse the Executive
for moving and all other expenses reasonably incurred with such move;

               (iv) The Company shall fail to continue in effect any Company-sponsored plan or
benefit that is in effect on the date of a Change of Control or Potential Change of
Control, that provides (A) incentive or bonus compensation, (B) fringe benefits such
as vacation, medical benefits, life insurance and accident insurance, (C)
reimbursement for reasonable expenses incurred by the Executive in connection with
the performance of duties with the Company, or (D) pension benefits such as a Code
Section 401(k) plan and the Company’s nonqualified defined benefit plan,
except to the extent that such plans taken as a whole are replaced with
substantially comparable plans;

               (vi) Any material breach by the Company of any provision of this Agreement; and

               (vii) Any failure by the Company to obtain the assumption of this Agreement by
any successor or assign of the Company effected in accordance with the provisions of
Section 6.

8

 

          (d) “Potential Change of Control” shall mean the date as of which (1) the Company enters into
an agreement the consummation of which, or the approval by shareholders of which, would constitute
a Change of Control; (ii) proxies for the election of Directors of the Company are solicited by
anyone other than the Company; (iii) any person (including, but not limited to, any individual,
partnership, joint venture, corporation, association or trust) publicly announces an intention to
take or to consider taking actions which, if consummated, would constitute a Change of Control; or
(iv) any other event occurs which is deemed to be a Potential Change of Control by the Board and
the Board adopts a resolution to the effect that a Potential Change of Control has occurred.

          (e) Company will pay to Executive the amount of any excise taxes, penalties and interest
imposed on Executive under Section 4999 of the Code by reason of payments or benefits under the
provisions of this Agreement, including this provision, and the amount of any federal and state
income taxes, penalties and interest imposed on Executive by reason of payments to Executive under
this Section. All payments to be made to Executive under this Section shall be payable no later
than when the related taxes are to be remitted. Any right to reimbursement incurred due to a tax
audit or litigation addressing the existence or amount of a tax liability under this Section must
be made no later than when the related taxes that are the subject of the audit or litigation are to
be remitted to the taxing authorities or, where no such taxes are remitted, within thirty (30) days
of when the audit is completed or there is a final and non-appealable settlement or resolution of
the litigation.

7. Non-Competition.

          (a) As used in this Section:

          “Business of Company” means providing products and services to broadband internet service
providers which support a full range of integrated voice, video and high-speed data services to the
subscribers of such providers.

          “Restricted Period” means the period beginning on the Termination Date and ending twelve (12)
months after the Termination Date.

          “Restricted Territory” means, and is limited to, the following Metropolitan Statistical Areas:
(1) Atlanta — Sandy Springs — Marietta, (2) Denver — Aurora, (3) Portland — Vancouver — Beaverton,
(4) Philadelphia — Camden — Wilmington, (5) New York — Northern New Jersey — Long Island, (6) San
Francisco — Oakland — Fremont, (7) Los Angeles — Long Beach — Santa Ana, and (8) St. Louis.
Executive acknowledges and agrees that this is the area in which the Company does business at the
time of execution of this Agreement, and in which Executive will have responsibility, at a minimum,
on behalf of the Company.

          “Material Contact” means contact in person, by telephone or by paper or electronic
correspondence, in furtherance of the business interests of Company.

9

 

          (b) Executive agrees that during Executive’s employment hereunder and during the Restricted
Period, Executive shall not, within the Restricted Territory, perform services on his own behalf or
on behalf of any other person or entity, which are the same as or similar to those he provided to
Company and which support any business activities which compete with the Business of Company.

          (c) Executive agrees that during Executive’s employment hereunder and during the Restricted
Period, Executive shall not, directly or indirectly, solicit any actual or prospective customers of
Company with whom Executive had Material Contact, for the purpose of selling any products or
services which compete with the Business of Company.

          (d) Executive agrees that during Executive’s employment hereunder and during the Restricted
Period, Executive shall not, directly or indirectly, solicit any actual or prospective vendor of
Company with whom Executive had Material Contact, for the purpose of providing products or services
in support of any business activities which compete with the Business of Company.

          (e) Executive agrees that during Executive’s employment hereunder and during the Restricted
Period, Executive shall not, directly or indirectly, solicit or induce any employee or independent
contractor of Company with whom Executive had Material Contact to terminate such employment or
contract with Company.

Notwithstanding the foregoing, it is understood and agreed that, without limitation on other
available remedies, the restrictions on Executive set forth in this Section 7(b), (c), (d) and (e)
hereof shall not be applicable at any time that Company is in breach of its contractual obligations
to Executive under this Agreement or the ARRIS Group, Inc. Supplemental Retirement Benefits Plan
(the “Excess Benefit Plan”) following the thirty (30) days after being notified in writing by
Executive of such breach and failure of Company to cure same. In the event Company cures such
breach, the restrictions set forth in Sections 7(b), (c), (d) and (e) hereof shall continue
pursuant to their terms as if such breach never occurred.

     8. Nondisclosure of Trade Secrets. During the term of this Agreement, Executive will
have access to and become familiar with various trade secrets and proprietary and confidential
information of the Company, its subsidiaries and affiliates, including, but not limited to,
processes, designs, computer programs, compilations of information, records, sales procedures,
customer requirements, pricing techniques, product plans, marketing plans, strategic plans,
customer lists, methods of doing business and other confidential information (collectively,
referred to as “Trade Secrets”) which are owned by the Company, its subsidiaries and/or affiliates
and regularly used in the operation of its business, and as to which the Company, its subsidiaries
and/or affiliates take precautions to prevent dissemination to persons other than certain
directors, officers and employees. Executive acknowledges and agrees that the Trade Secrets (1)
are secret and not known in the industry; (2) give the Company or its subsidiaries or affiliates an
advantage over competitors who do not know or use the Trade Secrets; (3) are of such value and
nature as to make it reasonable and necessary to protect and preserve the confidentiality and
secrecy of the Trade Secrets; and (4) are valuable, special and unique assets

10

 

of the Company or its
subsidiaries or affiliates, the disclosure of which could cause substantial injury and loss of profits and
goodwill to the Company or its subsidiaries or affiliates. Executive may not use in any way or
disclose any of the Trade Secrets, directly or indirectly, either during the term of this Agreement
or at any time thereafter, except as required in the course of his employment under this Agreement,
if required in connection with a judicial or administrative proceeding, or if the information
becomes public knowledge other than as a result of an unauthorized disclosure by the Executive.
All files, records, documents, information, data and similar items relating to the business of the
Company, whether prepared by Executive or otherwise coming into his possession, will remain the
exclusive property of the Company and may not be removed from the premises of the Company under any
circumstances without the prior written consent of the Board (except in the ordinary course of
business during Executive’s period of active employment under this Agreement), and in any event
must be promptly delivered to the Company upon termination of Executive’s employment with the
Company. Executive agrees that upon his receipt of any subpoena, process or other request to
produce or divulge, directly or indirectly, any Trade Secrets to any entity, agency, tribunal or
person, Executive shall timely notify and promptly hand deliver a copy of the subpoena, process or
other request to the Board. For this purpose, Executive irrevocably nominates and appoints the
Company (including any attorney retained by the Company), as his true and lawful attorney-in-fact,
to act in Executive’s name, place and stead to perform any act that Executive might perform to
defend and protect against any disclosure of any Trade Secrets.

     9. Return of Profits. In the event that Executive violates any of the provisions of
Sections 7 or 8 hereof or fails to provide the notice required by Section 4(d) hereof, the Company
shall be entitled to receive from Executive the profits, if any, received by Executive upon
exercise of any Company granted stock options or stock appreciation rights or upon lapse of the
restrictions on any grant or restricted stock to the extent such options or rights were exercised,
or such restrictions lapsed, subsequent to six months prior to the termination of Executive’s
employment.

     10. Severability. The parties hereto intend all provisions of Sections 7, 8 and 9
hereof to be enforced to the fullest extent permitted by law. Accordingly, should a court of
competent jurisdiction determine that the scope of any provision of Sections 7, 8 or 9 hereof is
too broad to be enforced as written, the parties intend that the court reform the provision to such
narrower scope as it determines to be reasonable and enforceable. In addition, however, Executive
agrees that the nonsolicitation and nondisclosure agreements set forth above each constitute
separate agreements independently supported by good and adequate consideration shall be severable
from the other provisions of, and shall survive, this Agreement. The existence of any claim or
cause of action of Executive against the Company, whether predicated on this Agreement or
otherwise, shall not constitute a defense to the enforcement by the Company of the covenants of
Executive contained in the nonsolicitation and nondisclosure agreements. If any provision of this
Agreement is held to be illegal, invalid or unenforceable under present or future laws effective
during the term hereof, such provision shall be fully severable and this Agreement shall be
construed and enforced as if such illegal, invalid or unenforceable provision never constituted a
part of this Agreement; and the remaining provisions of this Agreement shall remain in full force
and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its

11

 

severance herefrom. Furthermore, in lieu of such illegal, invalid or unenforceable provision,
there shall be added as part of this Agreement, a provision as similar in its terms to such
illegal, invalid or enforceable provision as may be possible and be legal, valid and enforceable.

     11. Arbitration — Exclusive Remedy.

          (a) The parties agree that the exclusive remedy or method of resolving all disputes or
questions arising out of or relating to this Agreement shall be arbitration. Arbitration shall be
held in Atlanta, Georgia by three arbitrators, one to be appointed by the Company, a second to be
appointed by Executive, and a third to be appointed by those two arbitrators. The third arbitrator
shall act as chairman. Any arbitration may be initiated by either party by written notice
(“Arbitration Notice”) to the other party specifying the subject of the requested arbitration and
appointing that party’s arbitrator.

          (b) If (i) the non-initiating party fails to appoint an arbitrator by written notice to the
initiating party within ten days after the Arbitration Notice, or (ii) the two arbitrators
appointed by the parties fail to appoint a third arbitrator within ten days after the date of the
appointment of the second arbitrator, then the American Arbitration Association, upon application
of the initiating party, shall appoint an arbitrator to fill that position.

          (c) The arbitration proceeding shall be conducted in accordance with the rules of the American
Arbitration Association. A determination or award made or approved by at least two of the
arbitrators shall be the valid and binding action of the arbitrators. The costs of arbitration
(exclusive of the expense of a party in obtaining and presenting evidence and attending the
arbitration and of the fees and expenses of legal counsel to a party, all of which shall be borne
by that party) shall be borne by the Company only if Executive receives substantially the relief
sought by him in the arbitration, whether by settlement, award or judgment; otherwise, the costs
shall be borne equally between the parties. The arbitration determination or award shall be final
and conclusive on the parties, and judgment upon such award may be entered and enforced in any
court of competent jurisdiction. To the extent the Company is required to reimburse Executive for
any such cost, fees and expenses, the Company shall reimburse such costs, fees and expenses within
90 days following the final determination, award, judgment or settlement.

     12. Miscellaneous.

          (a) Notices. Any notices, consents, demands, requests, approvals and other
communications to be given under this Agreement by either party to the other must be in writing and
must be either (i) personally delivered, (ii) mailed by registered or certified mail, postage
prepaid with return receipt requested, (iii) delivered by overnight express delivery service or
same-day local courier service, or (iv) delivered by telex or facsimile transmission, to the
address set forth below, or to such other address as may be designated by the parties from time to
time in accordance with this Section 12(a):

	 	 	 
	          If to the Company:

	 	Arris Group, Inc.

12

 

	 	 	 
	 

	 	3871 Lakefield Drive
	 

	 	Suwanee, Georgia 30024
	 

	 	Attention: Lawrence A. Margolis
	 
	 	 
	          If to Executive:

	 	John Caezza
	 

	 	55 Poplar Hill Drive
	 

	 	Farmington, CT 06032

          Notices delivered personally or by overnight express delivery service or by local courier
service are deemed given as of actual receipt. Mailed notices are deemed given three business days
after mailing. Notices delivered by telex or facsimile transmission are deemed given upon receipt
by the sender of the answer back (in the case of a telex) or transmission confirmation (in the case
of a facsimile transmission).

          (b) Entire Agreement. This Agreement supersedes any and all other agreements, either
oral or written, between the parties with respect to the subject matter of this Agreement and
contains all of the covenants and agreements between the parties with respect to the subject matter
of this Agreement.

          (c) Modification. No change or modification of this Agreement is valid or binding
upon the parties, nor will any waiver of any term or condition in the future be so binding, unless
the change or modification or waiver is in writing and signed by the parties to this Agreement.

          (d) Governing Law and Venue. The parties acknowledge and agree that this Agreement
and the obligations and undertakings of the parties under this Agreement will be performable in
Georgia. This Agreement is governed by, and construed in accordance with, the laws of the State of
Georgia. If any action is brought to enforce or interpret this Agreement, venue for the action
will be in Georgia.

          (e) Counterparts. This Agreement may be executed in counterparts, each of which
constitutes an original, but all of which constitutes one document.

          (f) Costs. If any action at law or in equity is necessary to enforce or interpret the
terms of this Agreement, each party shall bear its own costs and expenses.

          (g) Estate. If Executive dies prior to the expiration of the term of employment or
during a period when monies are owing to him, any monies that may be due him from the Company under
this Agreement as of the date of his death shall be paid to his estate and as when otherwise
payable.

          (h) Assignment. The Company shall have the right to assign this Agreement to its
successors or assigns. The terms “successors” and “assigns” shall include any person, corporation,
partnership or other entity that buys all or substantially all of the Company’s assets or all of
its stock, or with which the Company merges or consolidates. The rights, duties and

13

 

benefits to Executive hereunder are personal to him, and no such right or benefit may be
assigned by him.

          (i) Binding Effect. This Agreement is binding upon the parties hereto, together with
their respective executors, administrators, successors, personal representatives, heirs and
permitted assigns.

          (j) Waiver of Breach. The waiver by the Company or Executive of a breach of any
provision of this Agreement by Executive or the Company may not operate or be construed as a waiver
of any subsequent breach.

     13. Rabbi Trust. The Company will establish an irrevocable grantor trust (as
described in Section 671 of the Internal Revenue Code) for the purpose of accumulating assets to
provide for any retirement obligations owed to Executive under the Excess Benefit Plan. The assets
and income of such trust shall be subject only to the claims of the creditors of the Company in the
event of the Company’s insolvency as defined in Rev. Proc. 92-64, 1992-2 C.B. 422. The
establishment of such trust shall not affect the Company’s liability to pay benefits except that
any liability under the Excess Benefit Plan shall be offset by any payments actually made to
Executive from such trust. The Company will reasonably determine the amount to contribute to such
trust pursuant to the requirements of the Excess Benefit Plan, and the investment of the assets of
the trust shall be made in accordance with the terms of the trust document. Without limitation,
but only to the extent not prohibited by Section 409A(b) of the Code, the Company agrees to
contribute to the trust pursuant to the requirements of the Excess Benefit Plan sufficient amounts
to provide for the Company’s liability to pay the benefits under such Excess Benefit Plan no later
than when a “Change of Control” occurs. The terms of the trust shall contain such provisions as
may be necessary to qualify the trust as a “rabbi trust” under applicable rules so that the
supplemental retirement benefits may be considered “unfunded” for purposes of the Employee
Retirement Income Security Act of 1974, as amended.

14

 

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

	 	 	 	 	 	 	 
	 	 	“Company”	 	 
	 
	 	 	 	 	 	 
	 	 	ARRIS GROUP, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Lawrence A. Margolis	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Lawrence A. Margolis	 	 
	 

	 	Title:
	 	Executive Vice President of Strategic Planning,
	 	 
	 

	 	 	 	Administration and Chief Counsel, Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	“Executive”	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ John Caezza	 	 
	 	 	 	 	 
	 	 	John Caezza	 	 

15

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