Document:

Prepared by R.R. Donnelley Financial -- Termination of Time-Sharing Agreement

 Exhibit 10.12 
  
 AGREEMENT TO TERMINATE TIME-SHARING AGREEMENT 
  
 This Agreement to Terminate Time-Sharing Agreement is made and entered into effective as of June 30, 2003 (the
“Termination Date”), by and between DList, LLC, a Delaware limited liability company (“Sublessor”) and Openwave Systems Inc., a Delaware corporation (“Sublessee”). 
  
 A.         WHEREAS, Sublessor and
Sublessee are parties to that certain Time-Sharing Agreement (as amended to date, the “Time-Sharing Agreement”), relating to the sublease of certain aircraft identified as a 2001 Challenger 604, Serial Number
        , U.S. Registration Number              with its GE CF34-3B engines (serial numbers
             and             ) and related equipment, components, accessories, and instruments (collectively, the
“Aircraft”) from Sublessor to Sublessee; and 
  
 B.         WHEREAS, Sublessor sold the Aircraft on the Termination Date, and the parties wish to terminate the Time-Share Agreement effective as of the Termination Date. 
  
 NOW, THEREFORE, based upon the foregoing factual recitals, Sublessor and
Sublessee, agree as follows: 
  
 1.         The Time-Sharing Agreement is hereby terminated effective as of June 30, 2003. 
  
 2.         The terms of the Time-Sharing Agreement shall continue to apply, in full force and effect, to any use
of the Aircraft that occurred prior to the Termination Date. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement to Terminate Time-Sharing Agreement. 
  
 OPENWAVE SYSTEMS INC., 
 a Delaware corporation, 
  

					
	By:	 	
	 	 	 	 	 	

	 	 	 Steve Peters
 Chief Administrative and Legal Officer
 Senior Vice President
	 	 	 	 	 	 Date and Time of Execution

	  
 DList, LLC,
 a Delaware limited liability company,
  
	 	 	 	 	 	 
					
	By:	 	
	 	 	 	 	 	

	 	 	 Mary Murillo
 Manager
	 	 	 	 	 	 Date and Time of ExecutionPrepared by R.R. Donnelley Financial -- Termination of Time-Sharing Agreement

 Exhibit 10.22 
  
 AGREEMENT TO TERMINATE TIME-SHARING AGREEMENT 
  
 This Agreement To Terminate Time-Sharing Agreement is made and entered into as of August 25, 2003, by and between Kennedy Aviation, LLC., a Delaware
limited liability company (“Sublessor”) and Openwave Systems Inc., a Delaware corporation (“Sublessee”). 
  
 WHEREAS, Sublessor and Sublessee are parties to the Time-Sharing Agreement, dated as of September 30, 2002 (as amended to date, the “Time-Sharing
Agreement”), relating to the sublease of a certain aircraft identified as Cessna Citation Ultra, serial number             , U.S. Registration Number
             with its two H Pratt & Whitney JT15D-5D engines and related equipment, components, accessories, and instruments (the “Aircraft”) from Sublessor to Sublessee; and

  
 NOW, THEREFORE, based upon the foregoing, Sublessor and
Sublessee, agree as follows: 
  
 1. The Time-Sharing Agreement
shall be terminated effective as of September 30, 2003 (the “Termination Date”). 
  
 2. The terms of the Time-Sharing Agreement shall continue to apply, in full force and effect, to any use of the Aircraft that occurred prior to the Termination Date. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement to Terminate
Time-Sharing Agreement effective as of the date first set forth above. 
  

	 OPENWAVE SYSTEMS INC.,
 a Delaware corporation,
	 	 	 	 
					
	By:	 	  

	 	 	 	By:	 	  

	 	 	 Steve Peters
 Senior Vice President,
 Chief Administrative and Legal Officer
	 	 	 	 	 	Date and Time of Execution

  
  
  

	 Kennedy Aviation, LLC.,
 a Delaware limited liability company,
	 	 	 	 
					
	By:	 	  

	 	 	 	By:	 	  

	 	 	Kevin Kennedy, Owner	 	 	 	 	 	Date and Time of ExecutionPrepared by R.R. Donnelley Financial -- Amended & Restated Employment Terms Letter

	 	  	 1400 Seaport Boulevard
 Redwood
City
 California 94063
  
 Main +1 650 562 0200
 Fax   +1 650 817 1499
 www.openwave.com
	  	

  
 Exhibit 10.28 

 
 May 29, 2003 
  
 Alan Black 
 1400 Seaport Boulevard 

Redwood City, CA 94063 
  
 Re: Amended and Restated Employment Terms 
  
 Dear
Alan: 
  
 This letter sets forth the terms of your employment at Openwave Systems
Inc. (the “Company”). This letter supersedes all prior agreements relating to the terms of your employment, except for the Change of Control Severance Agreement dated October 12, 2001, between you and the Company (the “Change of
Control Agreement”), the Company’s Executive Severance Benefit Policy, and the Confidentiality and Invention Assignment Agreement between you and the Company (the “Confidentiality and Invention Assignment Agreement”). As we
previously agreed, the terms set forth below are effective as of April 1, 2003. Capitalized terms used herein and not otherwise defined, shall have the meanings given to them under the Change of Control Agreement. 
  
 Your title will be Senior Vice President, Managing Director – EMEA. You will also
continue to be a member of the Company’s executive management team that consists of the CEO and the most senior executives at the Company that report to the CEO (a “CXO level position”). In that capacity you will continue to report to
me, and in your capacity as MD – EMEA you will also report to Al Snyder, Senior Vice President, Worldwide Customer Operations as concerns all customer operations matters. 
  
 Your appointment to the position of Managing Director – EMEA represents a temporary international assignment beginning April 1, 2003
and extending through August 31, 2004, unless shortened or lengthened by our mutual agreement. In addition, within a period of one hundred twenty (120) days of a Change of Control of the Company, you will be entitled, in your discretion, to
terminate your temporary international assignment and return to a CXO position in Redwood City, California (or if an acceptable CXO position is not available for you, you would be entitled to severance benefits based upon Involuntary Termination as
provided under the Change of Control Agreement) by providing 30 days advance written notice to the Company. Commencing July 1, 2003 or earlier, you will be based in the Company’s office in Hemel Hempstead, United Kingdom. During your
international assignment, you will receive our standard international assignment benefits for executive expatriates including tax equalization for compensation paid to you, subject to certain limitations for equity compensation in accordance with
the Company’ standard policies, and a relocation package for your and your immediate family to and return from London, England, as will be more specifically provided in a separate document. Your monthly base salary will remain $22,920 per month
or $275,000 on an annualized basis. For clarity, this temporary assignment shall not constitute an Involuntary Termination under the Change of Control Agreement or any other agreement, program, plan, policy, or arrangement at the Company.

  
 For the duration of this assignment you will be a participant in an individual
variable pay plan (under the Worldwide Customer Operations General Manager Variable Pay Plan (“GM VPP”) pursuant to which you will be eligible for: (a) a quarterly bonus of up to $37,500 based upon your achievement of your quarterly
incentive base objectives; and (b) an additional upside quarterly bonus structured to offer you an opportunity to earn an additional $75,000 based upon your achievement of your quarterly stretch incentive objectives but the actual payout of which
may be higher or lower in accordance with the GM VPP based upon the level of your achievement against your stretch objectives. Your quarterly base and stretch objectives shall be established by the Senior Vice President, Worldwide Sales in
consultation with you, the COO, and the CEO. Notwithstanding the foregoing, the Company shall pay you the targeted base (i.e., $37,500) bonus amount for the quarter ending June 30, 2003 based only upon your continued employment in this new position
through June 30, 2003, regardless of your actual achievement against the base objectives. Of course, for the quarter ended June 30, 2003 (as in future quarters) you will be eligible for an additional upside bonus, based upon your achievement of your
quarterly stretch objectives and in accordance with the GM VPP. Any quarterly base or stretch bonus amounts due shall be paid within 45 days following the end of the corresponding quarter. 

 You will also continue to be entitled to the retention and performance bonuses, with a payment date on or promptly
following September 30, 2003, based upon achievement of the payment conditions described in your employment agreement dated January 24, 2003. 
  
 You also will continue to be entitled to the benefits available to you, if any, under the Change of Control Agreement, and the Executive Severance Benefit Policy. For
purposes of such agreement and policy, your position will be that of a member of the CXO team that is on temporary international assignment as described above. For purposes of clarity, if the Company experiences a Change of Control during the period
of your international assignment, and you suffer an Involuntarily Termination from your position as Senior Vice President, Managing Director—EMEA during the temporary assignment period or you suffer an Involuntary Termination of your employment
in a CXO level position at or after the conclusion of your international assignment (including if the temporary international assignment is shortened at your election within one hundred twenty (120) days following a Change of Control, as permitted
above), you will be eligible for benefits under the Change of Control Agreement, based upon Involuntary Termination of your employment. In addition, if a Change of Control has not occurred, should you not be offered a CXO level position at the
conclusion of your international assignment and as result elect to terminate your employment with the Company, you will receive COBRA health insurance premium payments for one year and a severance payment within thirty days of your termination of
employment, equal to one year’s base salary. Severance benefits payable to you under this letter shall coordinate with any severance, change of control, or termination benefits payable to you under any other agreement, policy, practice, or
arrangement of the Company to which you are entitled, including with the Change of Control Agreement and the Executive Severance Policy. This means that if you become entitled to cash payments or any other benefits from the Company in connection
with the occurrence of a Change of Control or the termination of your employment, then the severance benefits received by you under this letter shall be reduced by the like-kind benefits received by you from the Company or its successor under such
other plans, programs, arrangements, or agreements (or vice versa, depending upon the order of their occurrence). 
  
 As an employee, you will also continue to be eligible to receive our standard employee benefits except for matters that this letter provides you with more valuable
benefits than the Company’s standard policies. In addition, during your international assignment, you will be eligible and considered for an option award as a member of the CXO team, each year during the Company’s annual option award
program applicable to members of the Company’s CXO team and other executive staff members. 
  
 You should be aware that your employment with the Company is for no specified period and constitutes “at will” employment. As a result, you are free to resign at any time, for any reason or for no reason.
Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, subject to the severance obligations under this letter. 
  
 Please review these terms to make sure they are consistent with your understanding. If so, please send the original signed offer letter in
the provided envelope to Susan Ellis no later than five days after your receipt of this letter. 
  

	 	 	 	  	Accepted by:	  	 
				
	                                       
                              
	 		  	                                      
                           	  	 
	 Don Listwin
 President and
CEO
	 	 	  	Alan Black

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]