Document:

exv10w9

Exhibit 10.9

3COM CORPORATION

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

     This AMENDMENT is made and entered into pursuant to the EMPLOYMENT AGREEMENT of April 29, 2008
(the “Agreement”) by and between 3Com Corporation (the “Company”) and Ronald A. Sege (“Executive”).

     WHEREAS, the Company desires to amend the Agreement to comply with Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”).

     NOW, THEREFORE, it is hereby agreed that the Agreement is amended in the following respects,
effective as of January 1, 2009, or such earlier date as required to comply with Code Section 409A
and guidance issued thereunder.

     1. A new sentence is added at the end of Section 3(b) to read as follows:

     “Annual cash incentives shall be paid in a lump sum as soon as practicable
following the determination that specified goals have been met. In no event shall
payment be made later than March 15th of the year following the year in
which the incentive was earned or, if later, the 15th day of the third
month following the end of the Company’s taxable year following the year in which
the incentive was earned.”

     2. Paragraph (a) of Section 8 is revised in its entirety to read as follows:

     “(a) Termination Without Cause or Resignation for Good Reason other than in
Connection with a Change of Control. If Executive’s employment is terminated by
the Company without Cause or if Executive resigns for Good Reason, and such
termination is not in Connection with a Change of Control, then, subject to Section
8(d), Executive will receive:

     (i) the aggregate of twelve (12) months of Executive’s Base Salary plus
the Target Annual Incentive for the year in which the termination occurs
(less applicable tax withholdings), with payment to occur as follows:

     On the first day following the six (6) month anniversary of
Executive’s termination of employment (as determined pursuant to
Treasury Regulation Section 1.409A-1(h)), Executive shall receive a
lump sum equal to the aggregate amount Executive would have received
through such date had payments commenced upon termination of
employment in bi-weekly installments in accordance with the
Company’s normal payroll policies. Thereafter, the amount remaining
shall be paid in bi-weekly installments in accordance with the
Company’s normal payroll policies.

 

 

     (ii) with respect to Executive’s then outstanding, unvested equity awards,
other than performance-based awards, twelve (12) months accelerated vesting, with
payment to occur as follows:

     (a) Awards Exempt from Code Section 409A:

(1) Stock Options: stock options may be exercised pursuant
to paragraph [iii], with underlying shares to be delivered to
Executive as soon as administratively practicable following
Executive’s exercise of such options.

(2) Restricted stock: all restrictions placed upon the
shares of stock shall lapse upon Executive’s termination of
employment.

(3) Restricted stock units: shares underlying those
restricted stock units that are exempt from Code Section 409A
shall be transferred to Executive as soon as administratively
practicable, but in no event later than the sixtieth (60th)
day following Executive’s termination of employment.

     (b) Restricted Stock Units Subject to Code Section 409A:
Shares underlying those restricted stock units that are subject to
Code Section 409A shall be transferred to Executive on the first
market day following the six (6) month anniversary of Executive’s
termination of employment.

     (iii) extension of the exercise period for all Executive’s outstanding
stock options to the earlier of 165 calendar days from the date of
termination or the expiration date of the stock options;

     (iv) reimbursement for premiums paid for continued health benefits for
Executive (and any eligible dependents) under the Company’s health plans
until the earlier of (x) eighteen (18) months, payable when such premiums
are due (provided Executive validly elects to continue coverage under the
Consolidated Omnibus Budget Reconciliation Act (‘COBRA’) or (y) the date
upon which Executive and Executive’s eligible dependents become covered
under similar plans; and

     (v) life insurance as set forth in Section
4(c).”

     3. Paragraph (b) of Section 8 is revised in its entirety to read as follows:

     “(b) Termination Without Cause or Resignation for Good Reason in Connection
with a Change of Control. If Executive’s employment is terminated by the
Company without Cause or by Executive for Good Reason, and such

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termination is in Connection with a Change of Control, then, subject to
Section 8(d), Executive will receive:

     (i) twenty-four (24) months of Executive’s Base Salary, less applicable
tax withholdings, with payment to occur as follows:

     On the first day following the six (6) month anniversary of Executive’s
termination of employment (as determined pursuant to Treasury Regulation
Section 1.409A-1(h)), Executive shall receive a lump sum equal to the
aggregate amount Executive would have received through such date had
payments commenced upon termination of employment in bi-weekly installments
in accordance with the Company’s normal payroll policies. Thereafter, the
amount remaining shall be paid in bi-weekly installments in accordance with
the Company’s normal payroll policies.

     (ii) two (2) payments each equal to 100% of Executive’s Target Annual
Incentive for the year in which the termination occurs, less applicable tax
withholdings, payable in the Company’s first and third (or vice-versa
depending upon Executive’s termination date) fiscal quarter in accordance
with the Company’s normal annual incentive payment schedule following
Executive’s termination of employment, provided that to the extent that any
such payment would occur within six (6) months following Executive’s
termination, such payment shall be delayed until the first day following the
six (6) month anniversary of Executive’s termination;

     (iii) full vesting with respect to Executive’s then outstanding
unvested equity awards (other than performance-based awards), with payment
to occur as follows:

     (a) Awards Exempt from Code Section 409A:

(1) Stock Options: stock options may be exercised pursuant
to paragraph [iv], with underlying shares to be delivered to
Executive as soon as administratively practicable following
Executive’s exercise of such options.

(2) Restricted stock: all restrictions placed upon the
shares of stock shall lapse upon Executive’s termination of
employment.

(3) Restricted stock units: shares underlying those
restricted stock units that are exempt from Code Section 409A
shall be transferred to Executive as soon as administratively
practicable, but in no event later than the

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sixtieth (60th) day following Executive’s termination of
employment.

     (b) Restricted Stock Units Subject to Code Section 409A:
Shares underlying those restricted stock units that are subject to
Code Section 409A shall be transferred to Executive on the first
market day following the six (6) month anniversary of Executive’s
termination of employment.

     (iv) extension of the exercise period for all Executive’s outstanding
stock options to the earlier of 165 calendar days from the date of
termination or the expiration date of the stock options;

     (v) reimbursement for premiums paid for continued health benefits for
Executive (and any eligible dependents) under the Company’s health plans
until the earlier of (x) eighteen (18) months, payable when such premiums
are due (provided Executive validly elects to continue coverage under COBRA
or (y) the date upon which Executive and Executive’s eligible dependents
become covered under similar plans; and

     (vi) life insurance as set forth in Section 4(c).”

     4. Revise Section 8(d) in its entirety to read as follows:

     “(d) Separation Agreement and Release of Claims. The receipt of any
severance other benefits pursuant to this Section 8 will be subject to Executive
signing and not revoking a separation agreement and release of claims appended
hereto as Exhibit B. For this purpose, Executive commits to signing and returning
the separation agreement and release of claims to the Company no later than
forty-five (45) days after the date of termination of Executive’s employment.
Failure to return the separation agreement and release of claims by the forty-fifth
(45th) day, or revoking the release of claims within the seven (7) day
revocation period, will result in a forfeiture of severance pay.”

     5. Add a new sentence at the end of Section 9 to read as follows:

     “In no event shall payment be made later than the end of the year following the
year in which Executive remits the related taxes.”

     6. Revise the first sentence of Section 24(a) to read as follows:

     “Notwithstanding anything to the contrary in this Agreement, if Executive is a
‘specified employee’ within the meaning of Section 409A of the Code and the final
regulations and any guidance promulgated thereunder (‘Section 409A’) (and as applied
according to procedures of the Company) at the time of Executive’s termination of
employment (other than due to death), then the severance benefits payable to
Executive under this Agreement, if any, and any other severance payments or
separation benefits payments that may be considered deferred

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compensation under Section 409A (together, the ‘Deferred Compensation
Separation Benefits’) otherwise due to Executive on or within the six (6) month
period following Executive’s termination of employment will accrue during such six
(6) month period and will become payable in a lump sum payment (less applicable
withholding taxes) on the date six (6) months and one (1) day following the date of
Executive’s termination of employment.”

* * *

(signature page follows)

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     IN WITNESS WHEREOF, each of the parties has executed this First Amendment to the Agreement, in
the case of the Company by a duly authorized officer, as of the day and year written below.

COMPANY:

3COM CORPORATION

	 	 	 	 	 	 
	By: 	/s/ Neal D. Goldman
 

Neal D. Goldman

	 	Date:     12/23/08 
	 	 
	 	 
	 	 	 	 
	EXECUTIVE:
	 	 	 	 
	 	 
	 	 	 	 
	/s/ Ronald A. Sege
 

Ronald A. Sege

	 	Date:     12/22/08 	 	 

6exv10w10

Exhibit 10.10

3COM CORPORATION

FORM OF FIRST AMENDMENT TO SEVERANCE BENEFITS AGREEMENT

     This AMENDMENT is made and entered into pursuant to the SEVERANCE BENEFITS AGREEMENT of [                    ]
(the “Agreement”) by and between 3Com Corporation (the “Company”) and [                    ] (“Executive”).

     WHEREAS, the Company desires to amend the Agreement to comply with Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”).

     NOW, THEREFORE, it is hereby agreed that the Agreement is amended in the following respects,
effective as of January 1, 2009, or such earlier date as required to comply with Code Section 409A
and guidance issued thereunder.

     1. The first “WHEREAS” clause is revised in its entirety to read as follows:

“WHEREAS, the Executive is currently employed by the Company as its [     ] and
is eligible to receive severance benefits pursuant to the Company’s Section 16
Officer Severance Plan (as amended, the “Plan”); and”

     2. Section 2 is revised in its entirety to read as follows:

“2. Term of Agreement. This Agreement shall be effective as of the
Effective Date and shall terminate on the Termination Date. “Termination Date”
shall mean the Executive’s last date of employment with 3Com Corporation or, if
later, the date on which the Executive incurs a separation from service with 3Com
Corporation as defined in Treasury Regulation Section 1.409A-1(h).”

     3. A new sentence is added to the end of Section 3 of the Agreement to read as follows:

“If the Release Agreement has not been executed and/or the revocation period stated
in the Release Agreement has not expired by the sixtieth (60th) day
following the Termination Date, severance benefits shall be forfeited. The Release
Agreement shall be furnished to the Executive in sufficient time to enable the
Executive to comply with the preceding sentence, taking into account the period of
time that the Executive must be given to consider the terms of the Release Agreement
under any applicable law.”

     4. The introductory sentence of Section 4 of the Agreement is revised in its entirety to read
as follows:

“Severance Benefits. Provided that the Executive has executed a valid
Release Agreement and the applicable revocation period has expired by the sixtieth
(60th) day following the Termination Date, Executive will be entitled to
receive the following:”

 

 

     5. Paragraph A of Section 4 is revised in its entirety to read as follows:

“A. Severance Amounts.

     i. One (1) year of the Executive’s annualized base salary as of the Termination
Date, subject to all applicable taxes and withholdings, with payment commencing
within sixty-five (65) days after the Executive’s Termination Date in substantially
equal installments corresponding to the Company’s normal payroll practices and
continuing for a period of twelve (12) months, provided that the Executive continues
to comply with all terms and conditions of the Release Agreement during the twelve
(12) month period. Each payment shall be considered a separate payment and not part
of a series of installments for purposes of the short-term deferral rules under
Treasury Regulation Section 1.409A-1(b)(4)(i) and the exemption for involuntary
terminations under separation pay plans under Treasury Regulation Section
1.409A-1(b)(9)(iii). As a result, the following payments are exempt from the
requirements of Code Section 409A:

     (a) payments that are made by the fifteenth (15th) day of the third
month of the calendar year following the year of the Executive’s Termination Date,
and

     (b) any additional payments that are made on or before the last day of the
second (2nd) calendar year following the year of the Executive’s
Termination Date and that do not exceed the lesser of two (2) times: (A) the
Executive’s annualized compensation based upon the annual rate of pay for services
provided to the Company for the Executive’s taxable year that precedes the taxable
year in which the Termination Date occurs (adjusted for any increase during that
year that was expected to continue indefinitely if the Executive’s employment had
not terminated); or (B) the limit under Code Section 401(a)(17) then in effect.

     Notwithstanding the preceding provisions, to the extent that the payments to be
made during the first six (6) month period following the Executive’s Termination
Date exceed the amounts exempt from Code Section 409A under this paragraph, such
payments shall be paid in a single lump sum on the first (1st) day
following the six (6) month anniversary of the Executive’s Termination Date.

     ii. A pro-rated amount of the Executive’s earned incentive bonus for the bonus
period in which the Termination Date occurs, to be calculated by multiplying the
earned bonus amount (based on the Company’s actual attainment of applicable
performance metrics) by a fraction, the numerator of which shall be the number of
calendar days between the beginning of the applicable bonus period to the
Termination Date and the denominator of which shall be the number of calendar days
within the applicable bonus period, to be paid within sixty-five (65) days of the
Termination Date (the payment of which is intended to be exempt from Section 409A of
the Internal Revenue Code of 1986, as amended (the “Code) pursuant to the short-term
deferral rules of Treasury Regulation 1.409A-1(b)(4)).

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     6. A new sentence is added immediately following the second sentence of Paragraph B of Section
4 of the Plan to read as follows:

“Such benefit is intended to be exempt from Code Section 409A pursuant to Treasury
Regulation Section 1.409A-1(b)(9)(v)(B).”

     7. Subparagraph D-i of Section 4 is revised in its entirety to read as follows:

“i. With respect to Executive’s then outstanding, unvested equity awards, other than
performance-based awards, six (6) months accelerated vesting, with transfer of
shares, payment of cash, or removal of restrictions on shares, whichever applicable,
occurring as soon as practicable, but in no event later than the sixtieth
(60th) day following the Termination Date. Notwithstanding the
foregoing, if the Executive is a “specified employee” (within the meaning of
Treasury Regulation Section 1.409A-1(i) and as applied according to procedures of
the Company) and the award is subject to Code Section 409A, transfer of shares
shall occur on the first market day following the six (6) month anniversary of the
Executive’s termination of employment.”

     8. Section 5 is revised in its entirety to read as follows:

“(a) Payment of Severance Benefits. Notwithstanding anything to the
contrary in this Agreement, if Executive is a “specified employee” within the
meaning of Section 409A and as applied according to procedures of the Company at the
time of Executive’s termination of employment (other than due to death), then the
severance benefits payable to Executive under this Agreement, if any, and any other
severance payments or separation benefits payments that may be considered deferred
compensation under Section 409A (together, the “Deferred Compensation Separation
Benefits”) otherwise due to Executive on or within the six (6) month period
following Executive’s termination of employment will accrue during such six (6)
month period and will become payable in a lump sum payment (less applicable
withholding taxes) on the date six (6) months and one (1) day following the date of
Executive’s termination of employment. All subsequent payments, if any, will be
payable in accordance with the payment schedule applicable to each payment or
benefit. Notwithstanding anything herein to the contrary, if Executive dies
following his or her termination of employment but prior to the six (6) month
anniversary of his or her date of termination, then any payments delayed in
accordance with this paragraph will be payable in a lump sum (less applicable
withholding taxes) to Executive’s estate as soon as administratively practicable
after the date of Executive’s death and all other Deferred Compensation Separation
Benefits will be payable in accordance with the payment schedule applicable to each
payment or benefit. Each payment of severance benefits to Executive under this
Agreement that is made by March 15 of the calendar year following Executive’s
termination of employment and is intended to not constitute a “deferral of
compensation” by virtue of the “short term deferral” rule of Treasury Regulations
Section 1.409A-1(b)(4) shall constitute a “separate payment” for purposes of
application of that rule.

3

 

(b) Amendments to this Agreement with Respect to Section 409A. The
severance payments and other benefits provided under this Agreement are intended to
not constitute a “deferral of compensation” under Section 409A, to the extent
possible, or, to the extent not so possible, to comply with the requirements of
Sections 409A(a)(2), (3) and (4) of the Code so that none of the severance payments
and benefits to be provided hereunder will be subject to the income inclusion,
additional tax or interest provisions of Section 409A(a)(1), and any ambiguities
herein will be interpreted in accordance with that intent. The Company and
Executive agree to work together in good faith to consider amendments to this
Agreement and to take such reasonable actions which are necessary, appropriate or
desirable to avoid imposition of any additional tax or interest or income
recognition prior to actual payment to Executive under Section 409A(a)(1).”

* * *

(signature page follows)

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     IN WITNESS WHEREOF, each of the parties has executed this First Amendment to the Agreement, in
the case of the Company by a duly authorized Executive’s, as of the day and year written below.

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	COMPANY:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	3COM CORPORATION	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	Date:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	EXECUTIVE:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Date:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 

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