Document:

Unassociated Document

     

    Exhibit
10.21

    

    SEPARATION
AGREEMENT AND RELEASE

    

    This
Separation Agreement and Release (the "Agreement") is by and between TranSwitch
Corporation, a Delaware corporation with its principal offices at 3 Enterprise
Drive, Shelton, Connecticut (the “Company”) and Dr. Santanu Das.

     

    This
Agreement confirms the termination of your employment with TranSwitch
Corporation and the termination of the Executive Agreement (the “1997 Executive
Agreement”) and the Agreement for Severance (the “1997 Severance Agreement”),
each dated September 12, 1997, and each between you and the Company, all
effective on December 1, 2009 (the
"Separation Date").  The termination of your employment is by mutual
written consent.

     

    As of the
Separation Date, you shall cease to serve as the President and Chief Executive
Officer of the Company and as an officer of any of the Company’s
subsidiaries.  You shall take such further action as shall be
reasonably requested by the Company to give effect to the
foregoing.

     

    You shall
resign from the Board of Directors of the Company on January 31, 2010 or such
later date as shall be mutually agreed upon by you and the Company, provided in
each case that so long as you shall remain on the Board of Directors of the
Company, you shall be entitled to the benefits of the Indemnification Agreement,
dated April 3, 2009, between the Company and you, any provisions of the
Certificate of Incorporation or By-laws of the Company providing for
indemnification of directors and any insurance maintained by the Company for
purposes of providing indemnification of directors.  You shall not
receive any compensation for serving on the Board of Directors.

     

    1.           Payments; Benefits; Equity
Incentives if this Agreement is signed.

     

    In
consideration of your agreement, without revocation, to the terms and conditions
of this Agreement, and the release of claims as set forth below, the Company
will provide you the following payments, benefits and equity
incentives.  All payments by the Company described in this Agreement
will be subject to applicable tax withholding.

     

    (a)         Separation
Pay.  You will receive a lump sum separation payment of
$350,000, payable on the first payroll date after the Separation Date, but in no
event later than December 31, 2009.  You agree not to receive any
compensation for accrued but unused vacation days.

     

    (b)           Benefits.

     

    (i)           Medical and
Dental.  The Company will pay or reimburse you for the payment
of medical and dental coverage for you and your spouse through end of the
“applicable continuation period” (as defined below).  The total amount
of the payment or reimbursement for your and your spouse’s continuing coverage
during the applicable continuation period  will be limited to the
amount of the COBRA premium that the Company could charge you for
employee-plus-spouse COBRA coverage, regardless of whether you or your spouse
are otherwise eligible for or elect to receive COBRA coverage under the
Company’s group health plan or elect to receive coverage outside of the
Company’s group health plan.  For the purposes hereof, the “applicable
continuation period” for you is the 24-month period beginning on the day next
following the date your Company group health plan coverage would otherwise
terminate by reason of the termination of your employment (which date is the
last day of the month in which your employment terminates); and the “applicable
continuation period” for your spouse will begin on the same date as your
applicable continuation period and will end on March 31,
2012.  Specific information regarding continuation of your medical and
dental benefits has been sent to you under separate cover and the Company will
continue to provide you with information necessary for you to continue such
benefits.

    
      
         

      

      
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    (ii)           Life and Disability
Insurance.  The Company will reimburse your out of pocket
premium costs for a period of 24 months following the Separation Date for life
insurance and long-term disability insurance and, if available, short-term
disability insurance, in each case at coverage levels comparable to those in
effect as of the Separation Date, provided that if any such insurance is not
available, the Company will pay you, on an annual basis, an amount equal to the
cost of such insurance previously provided to you.

     

    (iii)           401(k)
plan.  Your right to make additional contributions to the
Company’s 401(k) plan shall end as of the Separation Date.  You will
retain your rights to any accrued benefits under the 401(k) plan and any other
employee benefit plan in which you are a participant.

     

    (iv)           D&O
Insurance.  Nothing in this Agreement shall affect your
coverage under the Company's directors' and officers' liability insurance
policy.  You will continue to be covered by directors’ and officers’
liability insurance for any claims arising in connection with your employment
prior to the Separation Date or serving at any time as a director on behalf of
the Company or any of its subsidiaries or affiliates on the same basis and to
the same extent as any active executives and directors.

     

    (v)           Indemnification.  Nothing
in this Agreement shall affect your coverage under the Indemnification Agreement
between you and the Company.

     

    (c)           Equity
Incentives.  All of your unvested stock options will vest upon
the Separation Date.  Any stock options that you hold as of the
Separation Date (including any stock options that vest pursuant to the preceding
sentence) shall be exercisable through the term of the options or two years,
whichever is greater.

     

    (d)           2009 Management Incentive
Plan.  You shall not be entitled to receive any other amounts
or incentives under the Company’s 2009 Management Incentive Plan or any other
Company Incentive Program.

     

    (e)           No Other
Payments.  You specifically acknowledge that the payments,
benefits and incentives described in Section 1(a), Section 1(b)(i) and (ii) and
Section 1(c) above constitute consideration not otherwise owed or due to you but
for this Agreement, and that the payments are being provided to you in
consideration of your executing, and not revoking, this
Agreement.  You shall not be entitled to any other severance,
compensation, wages or other payments (including, without limitation, under the
Agreements) other than as set forth in this Agreement and any other agreement
entered into by the Company and you on or after the date
hereof.

    
      
         

      

      
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    2.           Restrictions and Continuing
Obligations.

     

    (a)           Confidentiality and
Nondisclosure of Information.  You acknowledge that the
confidential information of the Company constitutes a valuable, special and
unique asset of the Company as to which it has the right to retain and hereby
does retain all of its proprietary interests.  In recognition of this
fact, you agree that you will continue to comply with the provisions of the
agreement captioned “Assignment of Inventions Covenants Against Disclosure,
Solicitation, Competition, Violation of the US EEA and Misuse of Intellectual
Property”, dated June 10, 2004, previously entered into by you with the Company
(the “Assignment of Inventions and Other Covenants
Agreement”).  Nothing contained herein shall be deemed to limit your
obligation to continue to comply with the provisions of such
Agreement.

     

    (b)           Covenant against
Competition.  You hereby agree that for a period ending on the
later of one (1) year from (i) the Separation Date and (ii) the termination of
any other agreement for the provision of services by you to the Company entered
into on or after the date hereof, you will not engage in any business,
employment or consultancy assignment in the U.S.A., its Territories or Canada,
in which you are required to aid in the design or development or marketing or
specification or sale or commercialization of any product similar to any product
that the Company designed or developed or marketed or specified or sold or
otherwise commercialized during your employment with the Company.  You
will be allowed to work in the same communications semiconductor industry as the
Company in a non-competitive situation upon prior approval of the Company’s
Board of Directors (which will not be withheld unreasonably).  Section
6 of the Assignment of Inventions and Other Covenants Agreement shall be of no
further force and effect.  Notwithstanding the foregoing, you will be
allowed to work on behalf of a venture capital fund, private equity fund or
other investment fund, whether as a partner, employee, officer, consultant or
otherwise, even if such a fund invests in a company in the same industry as the
Company, provided that your services on behalf of such fund do not include your
serving as an adviser or consultant to, or an officer, director or employee of,
any portfolio company in the same industry as the Company.

     

    (c)           Covenant against
Solicitation.  You hereby agree that you will continue to
comply with the provisions of the Assignment of Inventions and Other Covenants
Agreement previously entered into by you with the Company regarding solicitation
of employees, former employees, customers, partners or investors of the
Company.

     

    (d)           Cooperation.  You
agree to cooperate with the Company in any legal proceedings or with respect to
any regulatory matters relating to the period of your employment with the
Company, provided that any reasonable travel, room and board expenses which you
incur in rendering such cooperation will be reimbursed by the Company, and you
shall be reimbursed for your time spent in such cooperation at a reasonable rate
commensurate with your stature and other obligations, such rate to be determined
by mutual agreement, and provided further that your cooperation shall be at such
reasonable times and locations as are consistent with your other
commitments..

    
      
         

      

      
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    (e)           No
Disparagement.  You agree that you will not publish or
communicate any Disparaging (as defined below) remarks, comments or statements
regarding the Company or any of its officers, directors or stockholders for any
reason whatsoever, and the Company agrees not to publish or communicate any
Disparaging remarks, comments or statements regarding you for any reason
whatsoever.  ”Disparaging” remarks, comments or statements are those
that impugn the character, honesty, integrity, morality, business acumen,
abilities or any aspect of the operations or business of the individual or
entity being disparaged, that adversely affect the reputation, image, or
goodwill of, or are designed to induce others not to do business with, the
individual or entity being disparaged.  Nothing in this paragraph
shall be construed to preclude truthful disclosures in response to lawful
process as required by applicable law, regulation, or order or the directive of
a court, government agency or regulatory organization.

     

    (f)           Other
Restrictions.  The restrictions set forth in this Section 2
shall be in addition to any restrictions that you may be subject to pursuant to
the terms of the Assignment of Inventions and Other Covenants Agreement
previously entered into by you with the Company.  Except to the extent
that Section 6 of the Assignment of Inventions and Other Covenants Agreement is
modified by Section 2(b) hereof, nothing contained herein shall be deemed to
limit your obligation to continue to comply with the provisions of such
Agreements.

     

    3.           Releases.

     

    (a)           Release by
You.  You and your representatives, agents, estate, heirs,
successors and assigns, absolutely and unconditionally hereby release, remise
and discharge the Releasees (defined to include the Company and/or any of its
parents, subsidiaries or affiliates, predecessors, successors or assigns, and
its and their respective current and/or former partners, directors,
shareholders/stockholders, officers, employees, attorneys and/or agents, all
both individually and in their official capacities), from any and all actions or
causes of action, suits, claims, complaints, contracts, liabilities, agreements,
promises, contracts, torts, debts, damages, controversies, judgments, rights and
demands, whether existing or contingent, known or unknown, suspected or
unsuspected, which arise out of employment with, change in employment status
with, and/or separation of employment from, the Company (collectively,
“Claims”).

     

    This release is intended by you to be
all encompassing and to act as a full and total release of any Claims, whether
specifically enumerated herein or not, that you may have or have had against the
Releasees arising from conduct occurring up to and through the date of this
Agreement, including, but not limited to, any claims arising from any federal,
state or local law, regulation or constitution dealing with either employment,
employment benefits or employment discrimination such as those laws or
regulations concerning discrimination on the basis of race, color, creed,
religion, age, sex, sex harassment, sexual orientation, national origin,
ancestry, genetic carrier status, handicap or disability, veteran status, any
military service or application for military service, or any other category
protected under federal or state law; any contract, whether oral or written,
express or implied; any tort, including but not limited to under the Age
Discrimination in Employment Act of 1967, as amended, Title VII of the Civil
Rights Act of 1964, as amended, the Employee Retirement Income Security Act, as
amended and any claim for equity, stock options or other benefits; or any other
statutory and/or common law claim.  This release does not extend to
any claims or affect any rights you may have (i) pursuant to this Agreement,
(ii) pursuant to any other agreement you enter into with the Company on or after
the date hereof or (iii) under and in accordance with the terms of any employee
benefit plans in which you participate.

    
      
         

      

      
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    (b)           Release by the
Company.  In consideration of the benefits set forth herein,
and other good and valuable consideration that the Company agrees it would not
be entitled to without executing this Agreement, the Company, for itself and on
behalf of any of its parents, subsidiaries or affiliates, predecessors,
successors or assigns (collectively, “Affiliates”), hereby irrevocably and
unconditionally releases, acquits and forever discharges you from any and all
claims which the Company or any of its Affiliates had, now has or may have now
or in the future against you which are in any way connected with, or in any way
arise out of or relate to, any cause whatsoever, from the beginning of time
through the Separation Date, including, but not limited to, any and all matters
relating to or arising out of your employment with the Company or any Affiliate
and the cessation thereof.  Notwithstanding the foregoing, this
paragraph shall not extend to and will not release any claims that have arisen
or arise from (i) your fraudulent conduct, criminal conduct or intentional
violation of any material law, (ii) your breach of this Agreement or (iii) your
breach of any agreement you enter into with the Company on or after the date
hereof.

     

    4.           No Pending
Claims.  You represent and warrant that no action, suit or
proceeding has been commenced against the Company Released Parties by you, or on
your behalf, as of the Separation Date.    The Company
represents and warrants that no action, suit or proceeding has been commenced
against you by the Company or on the Company's behalf as of Separation
Date.

     

    5.           Non-Admission;
Inadmissibility.  This Agreement and the performance of the
actions required by this Agreement shall not constitute, or in any manner be
construed as, an admission by you or the Company that any action either party
took with respect to the other was wrongful, unlawful or in violation of any
local, state or federal act, statute or constitution or susceptible of
inflicting any damages or injury on the other.  The parties expressly
deny any such wrongdoing, violation or liability for any and all claims asserted
by the other.  This Agreement is entered into solely to resolve all
matters related to or arising out of your employment with the Company and the
cessation thereof.  Neither this Agreement nor the fact of its
execution may be used as evidence in any action or proceeding of any nature by
anyone for any purpose except to enforce its terms..

     

    6.           Entire
Agreement.  It is mutually understood and agreed that this
Agreement constitutes the entire understanding between you and the Company
relating to the subject matter of this Agreement and supersede any and all prior
agreements or understandings between you and the Company arising out of or
relating to your employment with the Company and the cessation thereof;
provided, that, nothing contained herein shall be construed to amend or modify
the Assignment of Inventions and Other Covenants Agreement.

     

    7.           Choice of Law;
Venue.  The laws of the state of Connecticut shall govern the
validity of this Agreement, the construction of its terms and the interpretation
of the rights and duties of the parties hereto.  For purposes of any
actions or proceedings related to this Agreement or your employment with the
Company, the parties agree to submit to the exclusive jurisdiction of the state
and federal courts of the State of Connecticut.

    
      
         

      

      
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    8.           Arbitration.  Any
dispute, controversy or claim between the parties arising out of the
interpretation or enforcement of this Agreement or the rights of any party
hereunder shall be submitted for resolution to the American Arbitration
Association (the “AAA”) pursuant to the AAA’s then existing Employment
Arbitration Rules.

     

    9.           Changes or
Modifications.  This Agreement may not be changed or modified
except by a writing signed by both you and an authorized representative of the
Company.  The failure of a party to insist upon strict adherence to
any term of this Agreement on any occasion shall not be considered a waiver
thereof or deprive that party of the right thereafter to insist upon strict
adherence to that term or any other term of this Agreement.

     

    10.           Effective
Date.

     

    (a)           This
Agreement is valid only if signed by you and returned to the Company within
twenty-two (22) days of the date you receive this Agreement.  You have
seven (7) days following the date you sign this Agreement during which to revoke
it, by delivering a written notice of revocation to Thomas Richtarich,
TranSwitch Corporation, 3 Enterprise Drive, Shelton, CT 06484.  To be
effective, such revocation must be received by Thomas Richtarich no later than
11:59 p.m. (Connecticut time) on the seventh (7th) calendar day following your
execution of this Agreement.  Provided that it is not revoked, this
Agreement will be effective on the eighth (8th) day following the Company's
receipt of the valid Agreement signed by you (the "Effective
Date").

     

    (b)           You
acknowledge that the Company has provided you with at least twenty-one (21) days
from the date upon which this Agreement is delivered to you within which to
consider the terms and effect of this Agreement.  You agree that any
changes made to the Agreement from the time it was first offered to you, whether
material or immaterial, do not restart the running of the 21-day
period.  If you elect to execute this Agreement before the expiration
of the 21-day period, you acknowledge that you have chosen, of your own free
will without any duress, to waive your right to the full twenty-one (21)
days.

     

    (c)           The
Company hereby advises you to consult with an attorney prior to signing this
Agreement.

     

    11.           Acknowledgements.  By
signing this Agreement, you acknowledge that:

     

    (a)           You
have read this Agreement;

     

    (b)           You
understand and know that you are giving up important rights, including but not
limited to rights under the acts, statutes, codes, ordinances, rules and laws
set forth in Section 3(a) of this Agreement, and any other constitutional,
statutory common law rights and privileges;

    
      
         

      

      
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    (c)           You
understand that as a result of entering into this Agreement you will not have
the right to assert that the Company unlawfully terminated your employment or
violated any rights in connection with your employment;

     

    (d)           Except
as set forth herein, no promises or inducements for this Agreement have been
made, and you are entering into this Agreement without reliance upon any
statement or representation by any of the Company Released Parties or any other
person concerning any fact material hereto;

     

    (e)           You
are signing this Agreement knowingly, voluntarily, and free of any
duress.

     

    12.           Section
Headings.  Section headings contained in this Agreement have
been inserted for convenience of reference only, are not to be considered a part
of this Agreement and shall not affect the interpretation of any provision
hereof.

     

    13.           Severability.  It
is the intent of the parties that the provisions of this Agreement be enforced
to the fullest extent permitted by law.  In case any provision of this
Agreement shall be declared by an arbitrator or a court of competent
jurisdiction to be invalid, illegal or unenforceable as written, the parties
agree that the court shall modify and reform such provision to permit
enforcement to the greatest extent permitted by law.  In addition, if
any provision of this Agreement shall be declared invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions of this Agreement shall in no way be affected or impaired
thereby.

     

    14.           Counterparts.  This
Agreement may be executed in counterparts.

     

    If this
Agreement is acceptable to you, please sign it and return it to Thomas
Richtarich within
time frame specified in Section 10(a).

     

    
      	 
      	 	
              Sincerely
      yours,

            
	 	 	 
	 	 	 
	 
      	 	
              /s/ Robert A. Bosi

            
	 
      	 	
              Robert
      A. Bosi

            
	 
      	 	
              Vice
      President and Chief Financial Officer, TranSwitch
    Corporation

            
	 	 	 
	 	 	 
	
              Agreed
      and Accepted on this

            	 	 
      
	
              6th
      day of November, 2009

            	 	
              Witnessed

            
	 	 	 
	 	 	 
	
              /s/ Dr. Santanu Das

            	 	
              /s/
      Thomas P. Richtarich

            
	
              Dr.
      Santanu Das

            	 	
              Print
      Name:

            

    

    
      
         

      

      
        7Unassociated Document

    Exhibit 10.22

     

    CONSULTING
AGREEMENT

     

    This
Consulting Agreement (the “Agreement”) is made and entered into as of the 6th day of
November, 2009 between TranSwitch Corporation, a Delaware corporation (the
“Company”), and Dr. Santanu Das (“Consultant”).

     

    WHEREAS,
the Company and Consultant have entered into a Separation Agreement and Release
(the “Letter Agreement”) pursuant to which the Consultant’s employment with the
Company will terminate on December 1, 2009; and

     

    WHEREAS,
the Company wishes to retain the Consultant as a consultant to the Company and
the Consultant desires to serve as a consultant to the Company on the terms and
conditions set forth herein;

     

    NOW,
THEREFORE, in consideration of the mutual covenants and promises contained
herein, the parties hereto each intending to be legally bound, agree as
follows:

     

    1.           Term.

     

    (a)           This
Agreement shall commence on December 2, 2009 and shall be for a term of two (2)
years expiring on December 1, 2011, subject to earlier termination as provided
for in Sections 1(b) and 4 (the “Term”).

     

    (b)           Notwithstanding
Section 1(a) above, unless a Change of Control (as defined below) has occurred
on or prior to December 2, 2010, the Company may elect to terminate this
Agreement without payment (other than for unpaid consulting payments accrued to
the date of termination) or penalty at any time after December 2, 2010 if the
Board of Directors of the Company (the “Board”) determines in its reasonable
judgment that Consultant has not performed in a satisfactory manner the duties
and responsibilities assigned to him hereunder.  If, before a Change
of Control occurs, the Company terminates this Agreement for any other reason
(other than death or disability (as described in Section 4(d) below)), or if the
Consultant terminates this Agreement due to a breach of this Agreement by the
Company or a successor to the Company (by merger or otherwise), then the Company
(or successor) will pay to the Consultant an amount in cash equal to the amount
that would otherwise have become payable to the Consultant through the remainder
of the Term if this Agreement had not been terminated. If a Change of Control of
the Company occurs on or prior to November 9, 2010, the Company (or its
successor) may elect to terminate this Agreement; provided, that, it shall be
required to pay to Consultant an amount in cash equal to the amount otherwise
due and payable to him under Section 3 hereof through the remainder of the
Term.  Any such cash payment described in either of the preceding two
sentences shall be made in a lump sum on the date the termination of this
Agreement becomes effective.  “Change of Control” shall have the
meaning set forth in the Indemnification Agreement, dated April 3, 2009 between
the Company and Consultant.

     

    (c)           Notwithstanding
anything to the contrary herein, if the “Letter Agreement” is revoked in
accordance with the terms thereof in Section 10(a), this Agreement shall be
deemed to be void ab initio.

    
      
         

      

      
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    (d)           This
Agreement shall not be effective unless and until the Letter Agreement is
executed and delivered by the parties thereto.

     

    2.           Duties and
Responsibilities.

     

    (a)           Consultant
shall perform such duties and accept such responsibilities as are appropriate
considering his stature and prior position as may be reasonably assigned to him
from time to time by the Board and the then Chief Executive Officer (the “CEO”)
of the Company.  If so requested by the Board or CEO, Consultant shall
serve on one or more boards of subsidiaries or affiliates of the
Company.  Consultant shall be an independent contractor and nothing
contained herein shall be construed as to constitute an employment relationship
between Consultant and the Company.  The Consultant will not be
required to work more than 20% of the average level of services performed by the
Consultant during the 36-month period preceding the termination of his
employment with the Company (as determined pursuant to Section
1.409A-1(h)(1)(ii) of the U.S. Treasury Regulations).  Such consulting
services will be provided upon reasonable notice to the Consultant and at the
Consultant’s reasonable convenience, taking into account, among other things,
his other commitments, activities and location or place of
residence.

     

    (b)           For
two (2) years following the date of this Agreement, the Company shall furnish
Consultant with an office in a suitable facility of the Company, in reasonable
proximity to the Company, together with a laptop, and access to such computer,
telephone and telecopy facilities, and such administrative or secretarial
support, as Consultant reasonably may request.  The Company shall
continue to provide such office and services until December 1, 2011,
notwithstanding any termination of the Term of this Agreement.

     

    (c)           During
the Term, Consultant may engage in other business activities, subject to the
terms of this Agreement and the Letter Agreement.

     

    (d)           Consultant
represents and warrants that he is not subject or party to any other agreement,
covenant, understanding or restriction that would prohibit him from executing
this Agreement and performing fully his duties and responsibilities hereunder,
or which would in any manner, directly or indirectly, limit or affect the duties
and responsibilities which may now or in the future be assigned to him by the
Company.

     

    (e)           Consultant
agrees that at all times he will strictly adhere to and perform all his duties
in accordance with applicable laws, rules and regulations, and in accordance
with applicable policies and procedures of the Company that are in effect from
time to time.

     

    3.           Compensation; Expense
Reimbursement; Indemnification.

     

    (a)           For
the services to be rendered hereunder, Consultant will be paid at an annual rate
of $200,000, payable on a bi-weekly basis.  Consultant will not
participate in any of the benefit plans of the Company.

     

    (b)           Consultant
shall be reimbursed for the reasonable business expenses incurred on the
Company’s behalf in connection with the performance of his services hereunder
upon presentation of an itemized account and written proof of such expenses, in
accordance with the policies established by the Company.

    
      
         

      

      
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    (c)           The
Company shall indemnify Consultant from and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind whatsoever (“Losses”) which may at any
time be imposed on, incurred by or asserted against Consultant in any way
relating to or arising out of this Agreement, or any action taken by Consultant
in the performance of his duties hereunder; provided that, the
Company shall not be liable for the payment of any portion of such Losses
resulting solely from Consultant’s gross negligence or willful
misconduct  This Section 3(c) shall survive the Term of this
Agreement.

     

    4.           Other Termination
Events.

     

    (a)           This
Agreement may be terminated by the Company or its successor pursuant to Section
1(b), to the extent and subject to the terms and conditions contained in such
Section.

     

    (b)           Consultant
may terminate this Agreement for any or no reason upon at least 30 days prior
written notice to the Company, in which case, the Consultant will be entitled to
any previously earned and unpaid consulting fees through the date of termination
and, except as otherwise provided in Section 1(b) above, no additional
payments.

     

    (c)           If
Consultant is unable to perform the essential functions of his duties and
responsibilities to the full extent required hereunder, either with or without
reasonable accommodation, by reason of physical or psychiatric illness, injury
or incapacity for a period of 180 consecutive days, the Company may terminate
this Agreement and shall have no further liability or obligation to Consultant
hereunder, except for any unpaid consulting payments accrued to the date of
termination.

     

    (d)           If
Consultant dies, this Agreement shall terminate and thereafter the Company shall
not have any further liability or obligation to Consultant, his executors,
administrators, heirs, assigns or any other person claiming under or through
him, except for unpaid consulting payments accrued to the date of his
death.

     

    5.           Miscellaneous.

     

    (a)           The
provisions of Section 3(c) of this Agreement shall survive the termination of
this Agreement.

     

    (b)           The
terms and provisions of this Agreement shall be binding upon and inure to the
benefit of the Company and its successors and assigns.  This Agreement
calls for the provision of personal services and, accordingly, shall not be
assignable by Consultant.

     

    (c)           It
is mutually understood and agreed that this Agreement constitutes the entire
understanding between Consultant and the Company relating to the subject matter
of this Agreement and supersedes any and all prior agreements or understandings
between Consultant and the Company arising out of or relating to the subject
matter hereof; provided, that, nothing contained herein shall be construed to
amend or modify the Letter Agreement or the Assignment of Inventions Covenants
Against Disclosure, Solicitation, Competition, Violation of the US EEA and
Misuse of Intellectual Property”, dated June 10, 2004, between the Company and
the Consultant.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (d)           The
laws of the state of Connecticut shall govern the validity of this Agreement,
the construction of its terms and the interpretation of the rights and duties of
the parties hereto.  For purposes of any actions or proceedings
related to this Agreement, the parties agree to submit to the exclusive
jurisdiction of the state and federal courts of the State of
Connecticut.

     

    (f)           Any
dispute, controversy or claim between the parties arising out of the
interpretation or enforcement of this Agreement or the rights of any party
hereunder shall be submitted for resolution to the American Arbitration
Association pursuant to the then existing Employment Arbitration
Rules.

     

    (g)           This
Agreement may not be changed or modified except by a writing signed by both
Consultant and an authorized representative of the Company.  The
failure of a party to insist upon strict adherence to any term of this Agreement
on any occasion shall not be considered a waiver thereof or deprive that party
of the right thereafter to insist upon strict adherence to that term or any
other term of this Agreement.  The failure of a party hereto to
enforce, or the delay by a party hereto to enforce, any of its rights under this
Agreement shall not be construed as a waiver of any such party’s rights
hereunder.

     

    (h)           Section
headings contained in this Agreement have been inserted for convenience of
reference only, are not to be considered a part of this Agreement and shall not
affect the interpretation of any provision hereof.

     

    (i)           It
is the intent of the parties that the provisions of this Agreement be enforced
to the fullest extent permitted by law.  In case any provision of this
Agreement shall be declared by an arbitrator or a court of competent
jurisdiction to be invalid, illegal or unenforceable as written, the parties
agree that the court shall modify and reform such provision to permit
enforcement to the greatest extent permitted by law.  In addition, if
any provision of this Agreement shall be declared invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions of this Agreement shall in no way be affected or impaired
thereby.

     

    (j)           Any
notices under this Agreement shall be in writing and shall be given by personal
delivery, facsimile, by certified or registered letter, return receipt
requested, or a nationally-recognized overnight delivery service, and shall be
deemed given when personally delivered, upon actual receipt of the facsimile or
certified or registered letter, or on the business day next following delivery
to a nationally-recognized overnight delivery service at the addresses set forth
below in this Agreement or to such other address or addresses as either party
shall have specified in writing to the other party hereto.

     

    If to the
Company:

     

    TranSwitch
Corporation

    3
Enterprise Drive

    Shelton,
CT 06484

    Attention:  Chief
Executive Officer

    

    If to
Consultant,

    To him at
such address as he shall have provided to the Company.

     

    (k)           This
Agreement may be executed in counterparts.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed
this Agreement on the date first above written.

     

    

     

    
      	 
      	 	
              TRANSWITCH
      CORPORATION

            
	 	 	 	 
	 
      	 	 
      	 
      
	 
      	 	
              By:

            	
              /s/ Robert A. Bosi

            
	 
      	 	 
      	
              Robert
      A. Bosi

            
	 
      	 	 
      	
              Chief
      Financial Officer

            
	 	 	 	 
	
              Witness:

            	 	 
      	 
      
	
              /s/
      Thomas P. Richtarich

            	 	 
      	
              /s/ Dr. Santanu Das

            
	 
      	 	 
      	
              Dr.
      Santanu Das

            

    

    
      
         

      

      
        5

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