Document:

Exhibit 10.11

 

CONFIDENTIAL TREATMENT REQUESTED

 

CONFIDENTIAL TREATMENT
REQUESTED: INFORMATION FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED IS
OMITTED AND IS NOTED WITH THREE ASTERICKS AS FOLLOWS ***. AN UNREDACTED VERSION
OF THIS DOCUMENT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

 

FIRST AMENDMENT TO DATAFEED LICENSE AGREEMENT

 

This First Amendment to
Datafeed License Agreement (“Amendment”) is effective as of the 3rd day of January, 2005
(“Effective Date”), by and between ADP Investor Communication Services, Inc., a
Delaware corporation (“ADP”), and Institutional Shareholder Services Inc. (
“ISS”), a Delaware corporation (each a “party” and collectively the “parties”).

 

WHEREAS, the parties are
parties to that certain Datafeed License Agreement entered into as of the 27th  day of October, 2003 (the “Original Agreement”);

 

WHEREAS, the parties desire
to amend certain portions of the Original Agreement as set forth herein;

 

WHEREAS, the parties desire
to set forth herein certain other agreements in connection with the matters set
forth in the Original Agreement;

 

WHEREAS, ADP has expressed
an interest in using ISS agendas and agenda codes in order to enhance the
quality of the agendas generated by ADP and the reporting that ADP provides for
its clients;

 

WHEREAS, the parties intend
to commence discussions no later than May 30, 2005 to work together to explore
the possibility of ISS providing its agendas and agenda codes to ADP, and with
a view towards memorializing any agreement with respect thereto in a written
document covering, among other things, pricing and limitations on use; and

 

WHEREAS, the parties intend
to work together to find a way to automate and make more efficient the ballot
reconciliation process.

 

NOW THEREFORE, in
consideration of the mutual promises and covenants hereinafter set forth and
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereby agree as follows:

 

1.             Definitions. Capitalized terms not otherwise
defined in this Amendment are used with the definitions assigned to them in the
Original Agreement.

 

2.             Amendments. The Original Agreement shall be
amended as more particularly set forth below. In all other respects, the
Original Agreement shall remain in full force and effect.

 

a.             Annex II to the Original Agreement is amended and
restated in its entirety by replacing said Annex II with the new Annex II which
is attached to this Amendment as Exhibit A.

 

b.             Section 6.1 of the Original Agreement is amended by
adding the following text at the end of the section:

 

“Both ADP and ISS will work
to reduce the number of Ballots transmitted in paper form to ISS by ADP. For
purposes hereof, only ballots with a mailing address of 2099 Gaither Road shall
be considered “Ballots transmitted in paper form”. In this regard, the parties
will form a joint task force in order to seek mutually agreeable methods for
achieving this goal. With respect to Vote Instructions pertaining to Ballots
transmitted in paper form to ISS

 

1

 

by ADP, the following Vote
Instruction fees shall apply (the “Paper Vote Instruction Fee”): In the 2005
calendar year, the Paper Vote Instruction Fee shall be $ *** for the first *** paper
Ballots and there shall be no Paper Vote Instruction Fee for Paper Vote
Instructions in excess of that amount. ISS will report to ADP monthly at close
of business on the last business day of the month the number of paper ballots
received in that month addressed to 2099 Gaither Road and will allow ADP to
inspect its paper ballot scanning records on request. ADP will compare vote
instructions returned to ballots sent electronically and compare the resulting
count to ISS claim. On or before July 1, 2005, ADP and ISS will negotiate in
good faith regarding the Paper Vote Instruction Fee for calendar years after
2005.”

 

3.             Faxed/SWIFT Voting Instructions. There are
certain situations in which ADP is currently faxing vote instructions to ISS on
behalf of bank custodial clients using ISS’ global proxy distribution service.
Similarly, there are certain situations in which ISS is currently transmitting
via SWIFT vote instructions to ADP on behalf of a global custodian bank that
has indirectly outsourced part of its sub-custodian network to ADP. ISS and ADP
believe that there may be a method for automating these faxed data exchanges
and including them in the Consolidated Datafeed. The parties agree to work
together to implement an automated process whereby the faxing of vote instructions
between the parties can be eliminated or minimized. It is agreed that we will
begin discussion of this automation process within thirty days after the
Consolidated Datafeed has been fully implemented with respect to global
securities (meaning exclusive of the U.S. and Canada), currently anticipated to
be on or about February 15, 2005.

 

4.             Position Reporting. Historically, ADP has been
providing historical vote reporting information to ISS. The parties agree that
with the existence of the Consolidated Datafeed, this type of reporting is
generally redundant and unnecessary. Notwithstanding the foregoing, there may
be up to twenty-five (25) current accounts for which ISS may still need to
request historical vote reporting information. From and after the date of this
Amendment, ISS shall pay to ADP $*** per month for any current account for
which ISS requests historical vote reporting information with no option for
other accounts to be added or substituted. Further, ISS will use its reasonable
best efforts to eliminate the need for historical vote reporting for any and
all accounts.

 

5.             Reduction of Paper Ballots. As provided in
Section 6.1 of the Original Agreement (as amended by this Amendment), the
parties will form a joint task force to work on methods for reducing the number
of Ballots transmitted in  paper form to ISS by ADP.  ADP shall use its reasonable best efforts to have a process in place within 90
days of the Effective Date to identify accounts that would have been sent to
2099 Gaither Road. Such process will produce a daily file of such accounts to
be transmitted to ISS, assigned to Proxy Edge ID, and returned to ADP within
one business day of the receipt by ISS of such file.

 

6.             Service Level Agreement. Annex I of the Original Agreement is a Service Level
Agreement setting forth certain support services relating to the Original
Agreement. ADP and ISS acknowledge that there can and should be improvement in
certain areas in terms of how ADP services ISS under the Original Agreement. In
this regard, the parties agree to meet and negotiate in good faith either an
amendment to the existing Service Level Agreement and/or a new Service Level Agreement

 

2

 

outlining the
areas in which improvement is sought and ADP’s commitment to improve its
responsiveness and service in those areas with the expectation that any
amendment and/or new Service Level Agreement will be executed on or before
February 1, 2005. Any amendment and/or new Service Level Agreement will provide
specific and measurable performance metrics and service levels which will
enable the parties to manage and monitor the operational relationship
contemplated by the Original Agreement, as amended.

 

7.             Miscellaneous. This
Amendment is limited as specified and shall not constitute a modification,
amendment or waiver of any other provision of the Original Agreement. Except as
specifically amended by this Amendment, the Original Agreement shall remain in
full force and effect and is hereby ratified and confirmed. This Amendment may
be executed in counterparts, each of which shall be deemed an original, and all
of which shall constitute one and the same instrument.

 

IN WITNESS
WHEREOF, the parties hereto have executed this Amendment by their duly authorized
representatives as of the Effective Date.

 

ADP
INVESTOR COMMUNICATIONS SERVICES, INC.

 

	
  By:

  	
  /s/ ROBERT
  SCHIFELLITE

  	
   

  
	
  Name:

  	
    ROBERT
  SCHIFELLITE

  
	
  Title:

  	
  SENIOR VICE PRESIDENT

  
				

 

	
  INSTITUTIONAL SHAREHOLDER SERVICES INC.

  
	
   

  
	
  By:

  	
  /s/ John M. Connolly

  	
   

  
	
  Name:

  	
  John M. Connolly

  
	
  Title:

  	
  President & CO

  
				

 

3

 

 

EXHIBIT A

 

ANNEX II

 

ISS VOTE INSTRUCTIONS RETURNED VIA CONSOLIDATED
DATAFEED

 

The following reflects the
Price Per Vote Instruction(1) for the period beginning on January 1, 2005 and
ending on December 31, 2011 for Vote Instructions returned by ISS to ADP
through the Consolidated Datafeed; provided
however, these prices will become effective only upon successful
implementation by ISS and ADP of a system by which ISS provides ADP with ISS
agenda/proposal coding for redistribution to institutional clients (the “ISS
Agenda Code Project”).

 

***

 

Until
the ISS Agenda Code Project is successfully implemented, the following Price
Per Vote Instruction(1) shall be effective for the period beginning January 1,
2005 and ending on December 31, 2011 for Vote Instructions returned by ISS to
ADP through the Consolidated Data Feed.

 

***

 

(1)  The Price Per Vote
Instruction set forth herein may be reduced from time to time pursuant to
Section 8.1.

 

 

Schedule 4

 

Position
Reporting Accounts

 

 

Accounts for ISS monthly transmission file

Clt#       A/C #

59B  2604169

59B  2630828

59B  2632680

59B  2672568

59B  2690430

59B  2690446

59B  2604348

59B  2690431

59B  2649869

59B  2612132

59B  2612736

59B  2655803

59B  2603806

59B  2610908

59B  2603807

954  CXXXXX

954  B01DRFF5100062B

5T1  4700782

161  L0000000000390

954  C ISEFO100202Mexv10w1

Exhibit 10.1

June 28, 2010

Charles D. Kissner

Employment Agreement

Dear Chuck:

     This letter agreement sets forth the terms of your employment with Aviat Networks, Inc. (the
“Company”), as well as our understanding with respect to any termination of that employment
relationship. This Agreement will become effective on your first day of employment with the
Company, which will be the date hereof.

     1. Position and Duties. You will be employed by the Company as its Chairman and Chief
Executive Officer, reporting to the Company’s Board of Directors (“Board”). This position will be
based at our corporate headquarters in Santa Clara, California. You accept employment with the
Company on the terms and conditions set forth in this Agreement, and you agree to devote your full
business time, energy and skill to your duties at the Company. Your primary responsibilities will
be to assume the top leadership of the Company, direct the organization to ensure the attainment of
revenue and profit goals, drive optimal return on invested capital and grow shareholder value,
subject to the oversight and supervision of the Board. Your current positions as a director of the
Company and Chairman of the Board will not be affected by your employment hereunder, except that
your compensation under this Agreement will be in lieu of any compensation as a director accruing
after your start date. It is understood that the Company will appoint a lead independent director,
who will preside over outside-director-only portions of Board meetings.

     2. Term of Employment. Your employment with the Company is for no specified term, and
may be terminated by you or the Company at any time, with or without cause, subject to the
provisions of Paragraphs 4 and 5 below.

     3. Compensation. You will be compensated by the Company for your services as follows:

          (a) Salary: You will be paid a monthly base salary of $57,917 ($695,000 per year),
less applicable withholding, in accordance with the Company’s normal payroll procedures. In
conjunction with your annual performance review, which will occur at or about the start of

 

 

Charles D. Kissner

Page 2

each fiscal year (currently July 1st), your base salary will be reviewed by the Board, and may
be subject to adjustment by the Board based upon various factors including, but not limited to,
your performance and the Company’s profitability. Your base salary will not be reduced except as
part of a salary reduction program that similarly affects all members of the executive staff
reporting to the Chief Executive Officer of the Company.

          (b) Annual Incentive Plan: Starting with FY 2011, you will be eligible to participate
in the Company’s Annual Incentive Plan, with a target annual bonus of 100% of your annual base
salary. The Annual Incentive Plan will be paid (if minimum targets are met) in the calendar year
in which the relevant fiscal year ends, promptly after the completion of each fiscal year’s audit.

          (c) Long-Term Incentive Program: Starting with FY 2011, you will be eligible to
participate in the Company’s Long-Term Incentive Program as defined by the Board. The GAAP value
of your initial award, as determined by the Board in its reasonable discretion, will be $1,400,000.
The expected structure is (i) one-third of such value will be represented by options with a 3-year
vesting period (50%/25%/25%), (ii) one-third of such value will be represented by performance
shares subject to vesting based on achievement of Company financial performance criteria for the
three-year period ending at the end of FY 2013, and (iii) one-third of such value will be
represented by restricted stock with a 3-year vesting period (33?%/33?%/33?%). The structure for
future periods is subject to determination by the Board.

          (d) Benefits: You will have the right, on the same basis as other employees of the
Company, to participate in and to receive benefits under any Company group medical, dental, life,
disability or other group insurance plans, as well as under the Company’s business expense and
travel reimbursement, educational assistance, holiday, and other benefit plans and policies. You
will also be eligible to participate in the Company’s 401(k) plan.

          (e) Vacation: Commencing on your start date, you will accrue paid vacation in
accordance with the Company’s vacation policy at the rate of 5 weeks per year. However, the number
of accrued vacation hours at any one time shall not exceed 160 hours.

     4. Voluntary Termination. In the event that you voluntarily resign from your
employment with the Company (other than for Good Reason as defined below), you will be entitled to
no compensation or benefits from the Company other than those earned under Paragraph 3 through the
date of your termination. (For purposes of this Agreement, no part of (i) the Annual Incentive
Plan for the year in which your termination occurs, (ii) the performance shares of the multi-year
period in which your termination occurs or (iii) unvested options or restricted shares will be
deemed earned.) You agree that if you voluntarily terminate your employment with the Company for
any reason, you will provide the Company with at least 10 business days’ written notice of your
resignation. The Company shall have the option, in its sole discretion, to make your resignation
effective at any time prior to the end of such notice period, provided the Company pays you an
amount equal to the base salary you would have earned through the end of the notice period.

 

 

Charles D. Kissner

Page 3

     5. Other Termination. Your employment may also be terminated under the circumstances
set forth below.

          (a) Termination for Cause: The Company may terminate your employment at any time for
cause (as described below). If your employment is terminated by the Company for cause, you shall
be entitled to no compensation or benefits from the Company other than those earned under Paragraph
3 through the date of your termination. For purposes of this Agreement, a termination for “cause”
occurs if you are terminated for any of the following reasons: (i) any act of misconduct or
dishonesty by you in the performance of your duties under this Agreement; (ii) any willful failure
by you to attend to your duties under this Agreement; (iii) any material breach of this Agreement;
provided, however, that for any alleged failure or breach under sub-sections (ii) or (iii) above,
the Board first provides you written notice setting forth with reasonable specificity the reasons
that the Board believes you have committed such alleged failure or breach, and provides you thirty
(30) days to cure such alleged failure or breach; (iv) your conviction of (or pleading guilty or
nolo contendere to) any felony or misdemeanor involving theft, embezzlement, dishonesty or moral
turpitude; or (v) any misconduct resulting in material harm to the Company’s business or
reputation.

          (b) Termination Without Cause or Upon Death or Disability: The Company may terminate
your employment without cause at any time. If your employment is terminated by the Company without
cause or by reason of death or any physical or mental incapacity which has prevented and/or will
prevent you from performing your then-current duties under this Agreement for more than three
consecutive months, and you (or your estate or personal representative, as applicable) sign a
general release of known and unknown claims in a form satisfactory to the Company within sixty (60)
days of the termination of your employment (or such shorter period as is necessary to comply with
the following clause), which must be valid and enforceable no later than March 15 of the year
following the year in which the termination occurs, and you fully comply with your obligations
under Paragraphs 6, 7 and 9 below, you (or your estate or personal representative, as applicable)
will receive the following severance benefits:

               (i) all compensation and benefits under Paragraph 3 above that is earned but unpaid through
the date of termination, to be paid within fifteen (15) days of the effective date of your release;

               (ii) severance payments at your final base salary rate for a period (the “Severance Period”)
starting on the date of your termination and ending on the later of (i) the 1st anniversary of the
date of your termination and (ii) June 28, 2012; such payments will be subject to applicable
withholding and made monthly commencing as of the effective date of your release;

               (iii) payment of the premiums necessary to continue your group health insurance under COBRA
(or to purchase other comparable health insurance coverage on an individual basis if you are no
longer eligible for COBRA coverage) until the earlier of (x) the end of the Severance Period; or
(y) the date you first became eligible to participate in another employer’s group health insurance
plan;

 

 

Charles D. Kissner

Page 4

               (iv) the prorated portion of any Annual Incentive Plan bonus that you would have earned, if
any, during the Annual Incentive Plan period in which your employment terminates (the pro-ration
shall be equal to the percentage of that bonus period that you are actually employed by the
Company). Your Annual Incentive Plan bonus, on which the proration will be based, shall be
computed in a manner consistent with the computation of bonuses for other senior level executives,
and the prorated bonus will be payable at the time that such Annual Incentive Plan bonuses, if any,
are paid to continuing Company employees; and

               (v) with respect to any stock options or time-vesting restricted shares granted to you by the
Company, you will cease vesting upon your termination date; however, for options granted subsequent
to the date of this Agreement, you will be entitled to purchase any vested shares of stock that are
subject to those options until the earlier of (x) twelve (12) months following your termination
date, or (y) the date on which the applicable option(s) expire(s). Notwithstanding the provisions
of this Paragraph 5(b)(v), the Board may in its sole discretion provide for additional vesting of
restricted shares, options and/or performance shares upon termination under this Paragraph 5(b).

You will not be required to mitigate the severance payments and benefits described in Paragraphs
5(b)(ii) — (v) above by seeking employment or otherwise, and there shall be no offset against
amounts due you under Paragraphs 5(b)(ii) — (v) on account of your subsequent employment (except
as provided in Paragraph 5(b)(iii) above and in Paragraph 7(c) below). Except as expressly set
forth in this Paragraph 5(b), your Company stock options, restricted shares and performance shares
will continue to be subject to and governed by the Company’s 2007 Stock Equity Plan (the “Plan”)
and the applicable stock option, restricted stock and performance share agreements between you and
the Company. Nothing in this Paragraph 5(b) shall affect your rights under any applicable Company
disability plan; provided, however, that your severance payments will be offset by any disability
income payments received by you so that the total monthly severance and disability income payments
during your severance period shall not exceed your then-current base salary.

          (c) Resignation for Good Reason: If you resign from your employment with the Company
for Good Reason (as defined in this Paragraph 5(c)), and you sign a general release of known and
unknown claims in a form satisfactory to the Company within sixty (60) days of the termination of
your employment (or such shorter period as is necessary to comply with the following clause) which
becomes valid and enforceable no later than March 15 of the year following the year in which the
termination occurs, and you fully comply with your obligations under Paragraphs 6, 7 and 9 below,
you shall receive the severance benefits described in Paragraph 5(b) above. For purposes of this
Paragraph 5(c), “Good Reason” means any of the following conditions, which condition(s) remain in
effect 30 days after written notice from you to the Board of said condition(s):

               (i) a material reduction in your then-current base salary or annual target bonus (expressed as
a percentage of your then-current base salary), without your written consent; or

 

 

Charles D. Kissner

Page 5

               (ii) a material reduction in your employee benefits taken as a whole without your written
consent; or

               (iii) a material reduction in your responsibilities without your written consent; or

               (iv) a material breach by the Company of any material provision of this Agreement; or

               (v) a requirement that you relocate your Company office to a location more than thirty-five
(35) miles from your then-current Company office location without your written consent.

The foregoing condition(s) shall not constitute “Good Reason” if you do not provide the Board with
the written notice described above within 45 days after you first become aware of the condition(s).

     6. Confidential and Proprietary Information: As a condition of your employment, you
agree to sign and abide by the Company’s standard form of Invention, Authorship, Proprietary and
Confidential Information Agreement.

     7. Termination Obligations.

          (a) You agree that all property, including, without limitation, all equipment, proprietary
information, documents, books, records, reports, notes, contracts, lists, computer disks (and other
computer-generated files and data), and copies thereof, created on any medium and furnished to,
obtained by, or prepared by you in the course of or incident to your employment, belongs to the
Company and shall be returned to the Company promptly upon any termination of your employment.

          (b) Upon your termination for any reason, and as a condition of your receipt of any severance
benefits hereunder, you will promptly resign in writing from all offices and directorships then
held with the Company or any affiliate of the Company.

          (c) Following the termination of your employment with the Company for any reason, you shall
fully cooperate with the Company in all matters relating to the winding up of pending work on
behalf of the Company and the orderly transfer of work to other employees of the Company. You
shall also cooperate in the defense of any action brought by any third party against the Company.
The Company shall pay you for your time incurred to comply with this provision at a reasonable per
diem or per hour rate.

     8. Limitation of Payments and Benefits.

          To the extent that any of the payments and benefits provided for in this Agreement or
otherwise payable to you (the “Payments”) constitute “parachute payments” within the meaning of
Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), the amount of such
Payments shall be either:

 

 

Charles D. Kissner

Page 6

          (a) the full amount of the Payments, or

          (b) a reduced amount that would result in no portion of the Payments being subject to the
excise tax imposed pursuant to Section 4999 of the Code (the “Excise Tax”),

whichever of the foregoing amounts, taking into account the applicable federal, state and local
income taxes and the Excise Tax, results in the receipt by you, on an after-tax basis, of the
greatest amount of benefit. In the event that any Excise Tax is imposed on the Payments, you will
be fully responsible for the payment of any and all Excise Tax, and the Company will not be
obligated to pay all or any portion of any Excise Tax.

     9. Other Activities.

          (a) In order to protect the Company’s valuable proprietary information, you agree that during
your employment and for the period, if any, during which severance payments at your final base
salary rate are payable under Paragraph 5(b) or 5(c) above, you will not, as a compensated or
uncompensated officer, director, consultant, advisor, partner, joint venturer, investor,
independent contractor, employee, for your own account or otherwise, provide to any person or
entity in competition with the Company any labor, services, advice or assistance regarding the
design, manufacture, distribution (directly or indirectly) or integration of any digital microwave
products substantially similar to then-current Company products in form, fit, or function and used
in terrestrial microwave point-to-point telecommunications networks anywhere in the world.

          (b) You agree that for a period of eighteen (18) months following the termination of your
employment with the Company for any reason, you will not, as a compensated or uncompensated
officer, director, consultant, advisor, partner, joint venturer, investor, independent contractor,
employee, for your own account or otherwise, solicit any individual who is, or within six (6)
months prior to the time of solicitation was, an employee of the Company or any subsidiary of the
Company to leave his or her employment with the Company or any subsidiary of the Company.

          (c) You acknowledge and agree that the restrictions contained in this Paragraph 9 are
reasonable and necessary, as there is a significant risk that your provision of labor, services,
advice or assistance to any of those competitors could result in the disclosure of the Company’s
proprietary information. You further acknowledge and agree that the restrictions contained in this
Paragraph 9 will not preclude you from engaging in any trade, business or profession that you are
qualified to engage in. In the event of your breach of this Paragraph 9, the Company shall not be
obligated to provide you with any further severance payments or benefits subsequent to such breach.

     10. Dispute Resolution. The parties agree that any dispute arising out of or relating
to this Agreement, the parties’ employment relationship or the termination of that relationship for
any reason, shall settled by arbitration before a single arbitrator in the area of the Company’s
headquarters in accordance with the rules of the American Arbitration Association. The
arbitrator’s decision will be final and binding on the Company and you. If the Company and you

 

 

Charles D. Kissner

Page 7

cannot agree on the arbitrator within thirty (30) days after either party’s request for
arbitration, the arbitrator will be selected by, or in accordance with a procedure established by,
the senior officer of the office of the American Arbitration Association nearest the Company’s
headquarters. The prevailing party will be entitled to reimbursement from the non-prevailing party
for the prevailing party’s reasonable fees and expenses of the prevailing party’s counsel, and the
non-prevailing party will bear the cost of the non-prevailing party’s counsel, in connection with
any such dispute. The Company shall bear all filing fees and costs of the American Arbitration
Association and the fees and expenses of the arbitrator. Notwithstanding this Paragraph 10, the
Company may bring an action for injunctive relief in any court of competent jurisdiction.

     11. Compliance with Section 409A of the Internal Revenue Code. This Agreement is
intended to comply with, or otherwise be exempt from Section 409A of the Code and the rules and
regulations promulgated thereunder (collectively, “Section 409A”). However, the Company has not
made and is making no representation to you relating to the tax treatment of any payment pursuant
to this Agreement under Section 409A and the corresponding provisions of any applicable State
income tax laws.

     Notwithstanding anything to the contrary in this Agreement, any payments or benefits due
hereunder upon a termination of employment which are a “deferral of compensation” within the
meaning of Section 409A shall only be payable or provided to you upon a “separation from service”
as defined for purposes of Section 409A. In addition, if you are a “specified employee” as
determined pursuant to Section 409A as of the date of your separation from service, as so defined,
and if any payments or entitlements provided for in this Agreement constitute a “deferral of
compensation” within the meaning of Section 409A and cannot be paid or provided in the manner
provided herein without subjecting you to additional tax, interest or penalties under Section 409A,
then any such payment or entitlement which is otherwise payable during the first six months
following your separation from service shall be paid or provided to you in a lump sum on the
earlier of (i) the first business day of the seventh calendar month immediately following the month
in which your separation from service occurs and (ii) the date of your death. To the extent
required to satisfy the provisions of the foregoing sentence with respect to any benefit to be
provided in-kind, the Company shall bill you, and you shall promptly pay, the value for tax
purposes of any such benefit and the Company shall therefore promptly refund the amount so paid by
you as soon as allowed by the foregoing sentence.

     For purposes of Section 409A, the right to a series of installment payments under this
Agreement shall be treated as a right to a series of separate payments. With respect to any
reimbursement of your expenses, or any provision of in-kind benefits to you, as specified under
this Agreement, such reimbursement of expenses or provision of in-kind benefits shall be subject to
the following conditions: (1) the expenses eligible for reimbursement or the amount of in-kind
benefits provided in one taxable year shall not affect the expenses eligible for reimbursement or
the amount of in-kind benefits provided in any other taxable year, except for any medical
reimbursement arrangement providing for the reimbursement of expenses referred to in Section 105(b)
of the Code; (2) the reimbursement of an eligible expense shall be made no later than the end of
the year after the year in which such expense was incurred; and (3) the right to

 

 

Charles D. Kissner

Page 8

reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another
benefit.

     12. Severability. If any provision of this Agreement is deemed invalid, illegal or
unenforceable, such provision shall be modified so as to make it valid, legal and enforceable, and
the validity, legality and enforceability of the remaining provisions of this Agreement shall not
in any way be affected.

     13. Applicable Withholding. All salary, bonus, severance and other payments
identified in this Agreement are subject to applicable withholding by the Company.

     14. Assignment. In view of the personal nature of the services to be performed under
this Agreement by you, you cannot assign or transfer any of your obligations under this Agreement.

     15. Entire Agreement. This Agreement and the agreements referred to above constitute
the entire agreement between you and the Company regarding the terms and conditions of your
employment, and they supersede all prior negotiations, representations or agreements between you
and the Company regarding your employment, whether written or oral. This Agreement sets forth our
entire agreement regarding the Company’s obligation to provide you with severance benefits upon any
termination of your employment, and you shall not be entitled to receive any other severance
benefits from the Company pursuant to any Company severance plan, policy or practice.

     16. Governing Law. This Agreement shall be governed by and construed in accordance
with the law of the state of California, without reference to principles of conflicts of laws.

     17. Modification. This Agreement may only be modified or amended by a supplemental
written agreement signed by you and an authorized representative of the Board.

     18. Legal Fees. The Company will reimburse you for the reasonable fees and expenses
of your attorney in connection with the negotiation of this Agreement, up to a maximum of $7,000
unless otherwise agreed in writing by the Chairman of the Company’s Compensation Committee, within
thirty (30) days after your start date, subject to the Company’s expense reimbursement policies and
procedures.

     19. Indemnification, Advancement, Insurance. You will be entitled to indemnification
and advancement in accordance with the Company’s bylaws as currently in effect. The Company will
provide reasonable directors’ and officers’ insurance coverage for its directors and officers,
including you.

 

 

Charles D. Kissner

Page 9

     Please sign and date this letter on the spaces provided below to acknowledge your acceptance
of the terms of this Agreement.

	 	 	 	 	 
	Sincerely,

Aviat Networks, Inc.

 	 
	By:  	    /s/ Thomas L. Cronan, III
 	 
	 	Name:  	Thomas L. Cronan, III 	 
	 	Title:  	Senior Vice President and Chief Financial Officer 	 
	 

     I agree to and accept employment with Aviat Networks, Inc. on the terms and conditions set
forth in this Agreement.

	 	 	 	 	 
	 	 
	/s/ Charles D. Kissner
 	 
	Charles D. Kissner

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