Document:

Exhibit

Exhibit 10.41

CAPELLA EDUCATION COMPANY
AMENDMENT TO
LONG-TERM PERFORMANCE CASH PLAN AWARD AGREEMENT(S)

This Amendment to Long-Term Performance Cash Plan Award Agreement(s) amends any and all outstanding 2016-2018 and 2017-2019 Long-Term Performance Cash Plan Award Agreements (the “Awards”) held by Participants under the Capella Education Company 2014 Equity Incentive Plan to the extent set forth below.  Capitalized terms used but not defined herein shall have the meanings given to them in the Awards.  

1.Amendment.  The Awards define Change in Control to have the definition assigned to such term in the Company’s Senior Executive Severance Plan.  That definition is hereby amended to provide that a Change in Control that would occur pursuant to clause (3) of that definition (e.g., approval by the stockholders of CEC of certain reorganizations, mergers or consolidations of CEC or a statutory exchange of outstanding Voting Securities of CEC) shall only occur if and when the reorganization, merger, consolidation or statutory share exchange contemplated by that clause is consummated.  
2.    Amendment Limited.  This Amendment shall not amend or modify the terms of the Awards, except to the extent expressly set forth above, which Awards, as amended hereby, shall remain in full force and effect.  
3.    Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute the same instrument.

This Amendment shall be effective with respect to Awards held by a Participant when signed by the Participant.  

CAPELLA EDUCATION COMPANY

__________________________________________                        
Name:
Title:  

PARTICIPANT

__________________________________________                        
Name:
Date:Exhibit

Exhibit 10.42

CAPELLA EDUCATION COMPANY
AMENDMENT TO
NON-STATUTORY STOCK OPTION AGREEMENTS AND RESTRICTED STOCK UNIT AGREEMENTS

This Amendment to Non-Statutory Stock Option Agreements and Restricted Stock Unit Agreements amends the Non-Statutory Stock Option Agreements and Restricted Stock Units Agreements for all outstanding stock options and restricted stock units (the “Awards) that were issued and remain outstanding under the Capella Education Company 2014 Equity Incentive Plan (the “Plan”) to the extent set forth below.  Capitalized terms used but not defined herein shall have the meanings given to them in the Awards.  

1.Amendment.  The Awards provide for accelerated vesting of the Awards in connection with a Change in Control under the circumstances and to the extent described in Sections 12(b) and 12(c) of the Plan.  Section 12(b)(4) of the Plan provides that, under the circumstances described therein, the Awards will vest and become exercisable in full if a Participant experiences an involuntary termination of Service for reasons other than Cause or voluntarily terminates his or her Service for Good Reason within one year after the Corporate Transaction.  The Awards are hereby amended to replace the period of “within one year after the Corporate Transaction” to instead be “within two years after the Corporate Transaction.”   
2.    Amendment Limited.  This Amendment shall not amend or modify the terms of the Awards, except to the extent expressly set forth above, which Awards, as amended hereby, shall remain in full force and effect.  
This Amendment shall be effective as of the 6th day of December, 2017. 

CAPELLA EDUCATION COMPANY

________________________________________                        
Name:
Title:  
Date:cavm-ex1035_135.htm

                                                                                            

Exhibit 10.35

Form of Retention Bonus Letter for Executive Officers

 

			
	
Re:
	
 
	
Retention Bonus

	
Dear
	
 
	
:

 

Congratulations, you have been chosen to receive a “Retention Bonus”, with the terms set forth in this letter.

As you know, Cavium, Inc. (the “Company”) has entered into an Agreement and Plan of Merger (the “Merger Agreement”), dated as of November 19, 2017 (“Agreement Date”), with Marvell Technology Group Ltd. (“Marvell”) and Kauai Acquisition Corp. You have a key role in ensuring that the Company delivers on its commitments to its customers, employees and shareholders during the period from now until the consummation of the merger (the “Closing”). We understand that the uncertainty of this situation can be a significant concern and we encourage your continued dedication to the Company. 

To provide an additional financial incentive to you to remain employed with the Company, the Company agrees to pay you the payment described in this letter (such payment, the “Retention Bonus”), in exchange for the obligations of both you and the Company set forth in this letter.   

	
 
	
1.
	
Retention Bonus.  Your Retention Bonus will be equal to six (6) months of your annual base salary in effect as of the Agreement Date, and will be earned by you provided that the Closing occurs and you remain actively employed with the Company, or an affiliate thereof, until the Closing and, if earned, will be payable to you in one lump sum cash payment on the first regularly scheduled payroll date following the Closing.  

	
 
	
2.
	
Termination of Employment.   Notwithstanding anything to the contrary in this letter, in the event your employment is terminated prior to the Closing by the Company without “Cause” (as defined in the Company’s Change in Control and Severance Plan), then the Company shall pay the Retention Bonus to you on the 60th day following the date your employment terminates.  

	
 
	
3.
	
Entire Agreement; Amendment.  This letter contains all of the understandings and representations between the Company and you relating to the Retention Bonus and supersedes all prior and contemporaneous understandings, discussions, agreements, representations and warranties, both written and oral, with respect to any retention or similar type of bonus.  This letter may not be amended or modified unless in writing signed by you and the Company.  

	
 
	
4.
	
Withholding.  The Company shall be entitled to withhold from amounts to be paid to you under this letter any federal, state or local withholding or other taxes or charges which it is from time to time required to withhold.

	
 
	
5.
	
Section 409A.  It is the intention of the Company that this letter not result in unfavorable tax consequences to you under Section 409A of the Internal Revenue Code of 1986, as amended and the rules and regulations promulgated thereunder (“Section 409A”).  To the extent applicable, it is intended that this letter comply with or be exempt from the provisions of Section 409A.  This letter shall be administered and interpreted in a manner consistent with this intent, and any provision that would cause this letter to fail to satisfy Section 409A will have no force and effect until amended to comply therewith (which amendment may be retroactive to the extent permitted by Section 409A).  Notwithstanding anything contained herein to the contrary, to the extent required to avoid accelerated taxation or tax penalties under Section 409A, you shall not be considered to have terminated employment for purposes of this letter and no payments shall be due to you under this letter that are payable upon your termination of employment until you would be considered to have incurred a “separation from service” from the Company within the meaning of Section 409A.  In addition, if you are a “specified employee,” as defined in Section 409A, as of the date of your separation from service, then to the extent any amount payable under this letter (i) constitutes the payment of nonqualified deferred compensation, within the meaning of Section 409A, (ii) is payable upon your separation from service and (iii) under the terms of this letter would be payable prior to the six-month anniversary of your separation from service, such payment shall be delayed until the earlier to occur of (A) the six-month anniversary of the separation from service or (B) the date of your death. 

Page | 1

 

                                                                                              

	
 
	
6.
	
Governing Law.  This provision of this letter, for all purposes, shall be governed by and construed in accordance with the laws of California without regard to conflicts-of-law principles.

	
 
	
7.
	
Confidentiality of Letter.  This letter is considered a confidential matter between you and the Company. You agree to keep the existence of this letter and its terms confidential, unless disclosure is required pursuant to an order by a court of competent jurisdiction.  However, you may discuss the terms of this letter with your spouse, an attorney(s) or tax advisor(s), provided such person agrees to keep the existence and terms of this letter strictly confidential. 

	
 
	
8.
	
No guarantee of Employment.  The opportunity to receive the Retention Bonus under the terms set forth in this letter should not be construed as a guarantee of employment for any specific period of time.  Your employment remains at-will (or as per the applicable employment laws in your country of employment), meaning that either you or the Company may terminate the employment relationship at any time, with or without Cause, and with or without notice.

 

The entire management team at the Company appreciates the effort you are making to prepare the business for long-term success.  Please keep up the terrific work.  

 

			
	
Very truly yours

	
Cavium, Inc.

	
 
	
 
	
 

	
By:
	
 
	
 

	
 
	
 
	
 

	
Azfar Hasib

	
Director HR

 

Page | 2depo_Ex10_15

		
			Exhibit 10.15
		

		
			 
		

		
			DEPOMED, INC.
		

		
			 
		

		
			NONEMPLOYEE DIRECTOR COMPENSATION AND
		

		
			GRANT POLICY
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			 Annual Cash Retainer.  All nonemployee directors of the Company receive an annual cash retainer of $55,000.

		
			 
		

			
	
			
				 2.
			

			
	
			
			Additional Retainer — Chairman of the Board.  A non-employee chairman of the Board of Directors receives an additional annual cash retainer of $40,000.

		
			 
		

			
	
			
				 3.
			

			
	
			
			Additional Retainer — Audit Committee.  The chair of the audit committee receives an additional annual cash retainer of $25,000. Each other member of the audit committee receives an additional annual cash retainer of $12,500.

		
			 
		

			
	
			
				 4.
			

			
	
			
			Additional Retainer — Compensation Committee. The chair of the compensation committee receives an additional annual cash retainer of $20,000. Each other member of the compensation committee receives an additional annual cash retainer of $10,000.

		
			 
		

			
	
			
				 5.
			

			
	
			
			Additional Retainer — Nominating and Corporate Governance Committee. The chair of the nominating and corporate governance committee receives an additional annual cash retainer of $15,000. Each other member of the nominating and corporate governance committee receives an additional annual cash retainer of $6,000.

		
			 
		

			
	
			
				 6.
			

			
	
			
			Payments. Payments under the policy are made quarterly in arrears.

		
			 
		

			
	
			
				 7.
			

			
	
			
			Automatic Grant of Restricted Stock Unit Awards. Stock option grants and restricted stock unit awards shall be made in accordance with the Company’s 2014 Omnibus Incentive Plan (the “2014 Plan”), as follows:

		
			 
		

			
	
			
				 (a)
			

			
	
			
			on the date of each Annual Meeting of Shareholders held in calendar year 2018 and thereafter, each nonemployee director then in office (and if a newly appointed or elected nonemployee director, a director whose service commenced prior to January 1 of such calendar year) automatically receives an award of restricted stock units having a value of $190,000 based on the Fair Market Value (as defined in the 2014 Plan) of the Company’s common stock as of the date of grant that vest on the first anniversary of date on which such award of restricted stock units were made; and 

		
			 
		

			
	
			
				 (b)
			

			
	
			
			each newly elected nonemployee director receives automatically receives, on the date of the director’s initial election or appointment, an award of restricted stock units having a value of $190,000 based on the Fair Market Value (as defined in the 2014 Plan) of the Company’s common stock as of the date of grant that vest in three equal installments on the first three anniversaries of the director’s election or appointment;

		
			 
		

		
			provided, however, that directors’ total annual equity compensation will be subject to any cap specified in the 2014 Plan, and the Board may otherwise elect to (i) reduce the dollar 

		 

 

value thresholds specified in (a) and (b) above or (ii) forgo such grants, in each case as it may deem appropriate.
		

		
			 
		

		
			Approved: February 6, 2018
		

		
			Effective: January 1, 2018

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