Document:

exv10w11

Exhibit 10.11

WESTERN DIGITAL CORPORATION

AMENDED AND RESTATED

CHANGE OF CONTROL SEVERANCE PLAN

     1. Purpose of Plan. The Executives have made and are expected to make major
contributions to the profitability, growth and financial strength of the Company and its
affiliates. In addition, the Company considers the continued availability of the Executives’
services, managerial skills and business experience to be in the best interest of the Company and
its stockholders and desires to assure the continued services of the Executives on behalf of the
Company and/or its affiliates without the distraction of the Executives occasioned by the
possibility of an abrupt change in control of the Company. This Plan was initially approved by the
Board on March 29, 2001 and subsequently amended and restated on November 5, 2008 and May 17, 2011.

     2. Definitions. Whenever the following terms are used in this Plan, they shall have
the meaning specified below unless the context clearly indicates to the contrary:

          2.01 “Board” shall mean the Board of Directors of the Company.

          2.02 “Cause” shall mean the occurrence or existence of any of the following with
respect to the Executive, as determined by a majority of the disinterested directors of the Board
or the Committee:

          (a) the Executive’s conviction by, or entry of a plea of guilty or nolo contendere in, a court
of competent and final jurisdiction for any crime involving moral turpitude or any felony
punishable by imprisonment in the jurisdiction involved;

          (b) whether prior or subsequent to the date hereof, the Executive’s willful engaging in
dishonest or fraudulent actions or omissions which results directly or indirectly in any
demonstrable material financial or economic harm to the Company or any of its subsidiaries or
affiliates;

          (c) the Executive’s failure or refusal to perform his or her duties as reasonably required by
the Employer, provided that the Executive shall have first received written notice from the
Employer stating with specificity the nature of such failure or refusal and affording the Executive
at least five (5) days to correct the act or omission complained of;

          (d) gross negligence, insubordination, material violation by the Executive of any duty of
loyalty to the Company or any subsidiary or affiliate of the Company, or any other material
misconduct on the part of the Executive, provided that the Executive shall have first received
written notice from the Company stating with specificity the nature of such action or violation and
affording the Executive at least five (5) days to correct such action or violation;

 

 

          (e) the repeated non-prescription use of any controlled substance, or the repeated use of
alcohol or any other non-controlled substance which in the Board’s reasonable determination renders
the Executive unfit to serve in his or her capacity as an officer or employee of the Company or any
of its subsidiaries or affiliates;

          (f) sexual harassment by the Executive that has been reasonably substantiated and
investigated;

          (g) involvement in activities representing conflicts of interest with the Company or any of
its subsidiaries or affiliates;

          (h) improper disclosure of confidential information;

          (i) conduct endangering, or likely to endanger, the health or safety of another employee;

          (j) falsifying or misrepresenting information on the records of the Company or any of its
subsidiaries or affiliates; or

          (k) the Executive’s physical destruction or theft of substantial property or assets of the
Company or any of its subsidiaries or affiliates.

          2.03 “Change in Control” shall mean an occurrence of any of the following events,
unless the Board shall provide otherwise:

               (a) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act, a
“Person”), alone or together with its affiliates and associates, including any group of persons
which is deemed a “person” under Section 13(d)(3) of the Exchange Act (other than the Company or
any subsidiary thereof or any employee benefit plan (or related trust) of the Company or any
subsidiary thereof, or any underwriter in connection with a firm commitment public offering of the
Company’s capital stock), becomes the “beneficial owner” (as such term is defined in Rule 13d-3 of
the Exchange Act, except that a person shall also be deemed the beneficial owner of all securities
which such person may have a right to acquire, whether or not such right is presently exercisable,
referred to herein as “Beneficially Own” or “Beneficial Owner” as the context may require) of
thirty-three and one third percent or more of (i) the then outstanding shares of the Company’s
common stock (“Outstanding Company Common Stock”) or (ii) securities representing thirty-three and
one-third percent or more of the combined voting power of the Company’s then outstanding voting
securities (“Outstanding Company Voting Securities”) (in each case, other than an acquisition in
the context of a merger, consolidation, reorganization, asset sale or other extraordinary
transaction covered by, and which does not constitute a Change in Control under, clause (c) below);

               (b) a change, during any period of two consecutive years, of a majority of the Board as
constituted as of the beginning of such period, unless the election, or nomination for election by
the Company’s stockholders, of each director who was not a director at the beginning of such period
was approved by vote of at least two-thirds of the Incumbent Directors then in office (for purposes
hereof, “Incumbent Directors” shall consist of the directors holding office as of the Effective
Date and any person becoming a director subsequent to such date whose

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election, or nomination for election by the Company’s stockholders, is approved by a vote of
at least a majority of the Incumbent Directors then in office);

               (c) consummation of any merger, consolidation, reorganization or other extraordinary
transaction (or series of related transactions) involving the Company, a sale or other disposition
of all or substantially all of the assets of the Company, or the acquisition of assets or stock of
another entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each
case unless, following such Business Combination, (1) all or substantially all of the individuals
and entities that were the Beneficial Owners of the Outstanding Company Common Stock and the
Outstanding Company Voting Securities immediately prior to such Business Combination Beneficially
Own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the
combined voting power of the then-outstanding voting securities entitled to vote generally in the
election of directors, as the case may be, of the entity resulting from such Business Combination
(including, without limitation, an entity that, as a result of such transaction, owns the Company
or all or substantially all of the Company’s assets directly or through one or more subsidiaries (a
“Parent”)), (2) no Person (excluding any entity resulting from such Business Combination or a
Parent or any employee benefit plan (or related trust) of the Company or such entity resulting from
such Business Combination or Parent, and excluding any underwriter in connection with a firm
commitment public offering of the Company’s capital stock) Beneficially Owns, directly or
indirectly, more than thirty-three and one third percent of, respectively, the then-outstanding
shares of common stock of the entity resulting from such Business Combination or the combined
voting power of the then-outstanding voting securities of such entity, and (3) at least a majority
of the members of the board of directors or trustees of the entity resulting from such Business
Combination or a Parent were Incumbent Directors at the time of execution of the initial agreement
or of the action of the Board providing for such Business Combination; or

               (d) the stockholders of the Company approve a plan of complete liquidation or dissolution of
the Company (other than in the context of a merger, consolidation, reorganization, asset sale or
other extraordinary transaction covered by, and which does not constitute a Change in Control
under, clause (c) above).

          2.04 “Code” shall mean the Internal Revenue Code of 1986, as amended.

          2.05 “Committee” shall mean the Compensation Committee of the Board.

          2.06 “Company” shall mean Western Digital Corporation, a Delaware corporation, and, as
permitted by Section 13.03(b), its successors and assigns.

          2.07 “Date of Termination” following a Change in Control shall mean the dates, as the
case may be, for the following events: (a) if the Executive’s employment is terminated by death,
the date of death, (b) if the Executive’s employment is terminated due to a Permanent Disability,
thirty (30) days after the Notice of Termination is given (provided that the Executive shall not
have returned to the performance of his or her duties on a full-time basis during such period), (c)
if the Executive’s employment is terminated pursuant to a termination for Cause, the date specified
in the Notice of Termination, and (d) if the Executive’s employment is

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terminated for any other reason, fifteen (15) days after delivery of the Notice of Termination
unless otherwise agreed by the Executive and the Company.

          2.08 “Disability” shall mean that the Executive is unable, by reason of injury,
illness or other physical or mental impairment, to perform each and every task of the position for
which the Executive is employed, which inability is certified by a licensed physician reasonably
selected by the Employer.

          2.09 “Effective Date” shall mean March 29, 2001.

          2.10 “Employer” shall mean the Company or its subsidiary employing Executive, provided
however, that nothing contained herein shall prohibit the Company or another of its subsidiaries
fulfilling any obligation of the employing entity to the Executive and for such purposes will be
deemed the act of the Employer.

          2.11 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

          2.12 “Executive” shall mean any Tier 1 Executive or Tier 2 Executive.

          2.13 “Good Reason” shall mean any of the following without the Executive’s express
written consent:

          (a) a material diminution in the Executive’s authority, duties or responsibilities in effect
immediately prior to the Change in Control;

          (b) a material diminution by the Employer in the Executive’s base compensation in effect
immediately prior to a Change in Control;

          (c) any material breach by the Company or the Employer of any provision of this Plan;

          (d) the requirement by the Employer that the Executive’s principal place of employment be
relocated more than fifty (50) miles from his or her place of employment immediately prior to a
Change in Control; or

          (e) the Company’s failure to obtain a satisfactory agreement from any successor to assume and
agree to perform the Company’s obligations under this Plan, as contemplated in Section
13.03(b) hereof;

provided, however, that any such condition shall not constitute “Good Reason” unless both (i) the
Executive provides written notice to the Company of the condition claimed to constitute Good Reason
within ninety (90) days of the initial existence of such condition, and (ii) the Company fails to
remedy such condition within thirty (30) days of receiving such written notice thereof; and
provided, further, that in all events the termination of the Executive’s employment with the
Company shall not be treated as a termination for “Good Reason” unless such termination occurs not
more than one (1) year following the initial existence of the condition claimed to constitute “Good
Reason.”

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          2.14 “Notice of Termination” shall mean a written notice which shall indicate the
specific termination provision in this Plan relied upon and shall set forth in reasonable detail
the facts and circumstances claimed to provide a basis for termination of the Executive’s
employment under the provision so indicated.

          2.15 “Permanent Disability” shall mean if, as a result of the Executive’s Disability,
the Executive shall have been absent from his or her duties with the Employer on a full-time basis
for six (6) months of any consecutive eight (8) month period.

          2.16 “Separation from Service,” with respect to an Executive, shall mean that the
Executive dies, retires, or otherwise has a termination of employment with the Company that
constitutes a “separation from service” within the meaning of Treasury Regulation Section
1.409A-1(h)(1), without regard to the optional alternative definitions available thereunder.

          2.17 “Termination of Employment” shall mean the time when the employee-employer
relationship between the Executive and the Employer is terminated for any reason, voluntarily or
involuntarily, with or without Cause, including, without limitation, a termination by reason of
resignation, discharge (with or without Cause), Permanent Disability, death or retirement, but
excluding terminations where there is a simultaneous re-employment of the Executive by the Company
or a subsidiary of the Company.

          2.18 “Tier 1 Executive” shall mean an officer of the Company who is elected or
appointed by the Board of Directors and is subject to Section 16 of the Exchange Act.

          2.19 “Tier 2 Executive” shall mean an employee who is appointed as an officer of the
Company by the President of the Company pursuant to the Company’s Bylaws and such other employee of
the Company or any of its subsidiaries who is designated as a Tier 2 Executive by the Board or the
Committee.

     3. Term. This Plan shall be effective until March 29, 2011.

     4. Compensation Upon A Change In Control.

          4.01 Salary. Commencing on the date a Change in Control shall occur, the Employer
shall pay a salary to the Executive at an annual rate at least equal to the annual salary payable
to the Executive immediately prior to such date. The salary, as it may be changed from time to
time by mutual agreement between the Executive and the Employer, shall be paid in equal
installments on each regular payroll payment date after the date of the Change in Control and shall
be subject to regular withholding for federal, state and local taxes in accordance with law.

          4.02 Other Benefits.

          (a) Commencing on the date a Change in Control shall occur, the Executive shall be entitled to
participate in and to receive benefits under those employee benefit plans or arrangements
(including, without limitation, any pension or welfare plan, life, health, hospitalization and
other forms of insurance and all other “fringe” benefits or perquisites) made available to
executives of the Company or the Employer, or any successor thereto. The

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Executive’s level of participation in, or entitlements under, any such employee benefit plan
or arrangement of any successor to the Company shall be calculated as if the Executive had been an
employee of such successor to the Company from the date of the Executive’s employment by the
Employer.

          (b) Commencing on the date a Change in Control shall occur, the Executive shall be entitled to
reimbursement for all reasonable travel and other business expenses incurred by the Executive in
the performance of his or her duties on behalf of the Employer. Any such reimbursement shall be
paid in accordance with the usual practices of the Employer and in all events not later than the
end of the Executive’s taxable year following the Executive’s taxable year in which the related
expense was incurred.

     5. Termination of Employment of Executive.

          5.01 Payment of Severance Benefits Upon Change of Control. In the event of a Change
in Control of the Company, Executive shall be entitled to the severance benefits set forth in
Section 6, but only if during the term of this Plan:

          (a) the Executive’s employment by the Employer is terminated by the Employer without Cause
within one (1) year after the date of the Change in Control;

          (b) the Executive terminates his or her employment with the Employer for Good Reason within
one (1) year after the date of the Change in Control and complies with the procedures set forth in
Section 5.02;

          (c) the Executive’s employment by the Employer is terminated by the Employer without Cause
prior to the Change in Control and such termination arose in connection with or in anticipation of
the Change in Control (for purposes of this Plan, meaning that at the time of such termination the
Company had entered into an agreement, the consummation of which would result in a Change in
Control, or any person had publicly announced its intent to take or consider actions that would
constitute a Change in Control, and in each case such Change in Control is consummated, or the
Board adopts a resolution to the effect that a potential Change in Control for purposes of this
Plan has occurred); or

          (d) the Executive terminates his or her employment with the Employer for Good Reason prior to
the Change in Control, the event constituting Good Reason arose in connection with or in
anticipation of the Change in Control and the Executive complies with the procedures set forth in
Section 5.02.

          5.02 Good Reason.

          (a) Notwithstanding anything contained in any employment agreement between the Executive and
the Employer to the contrary, during the term of this Plan the Executive may terminate his or her
employment with the Employer for Good Reason as set forth in Section 5.01(b) or (d)
and be entitled to the benefits set forth in Section 6.

          (b) If the Executive believes that he or she is entitled to terminate his or her employment
with the Employer for Good Reason, he or she may apply in writing to the

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Company for confirmation of such entitlement prior to the Executive’s actual separation from
employment, by following the claims procedure set forth in Section 9. The submission of
such a request by the Executive shall not constitute “Cause” for the Company to terminate the
Executive’s employment and the Executive shall continue to receive all compensation and benefits he
or she was receiving at the time of such submission throughout the resolution of the matter
pursuant to the procedures set forth in Section 9. If the Executive’s request for a
termination of employment for Good Reason is denied under both the request and appeal procedures
set forth in Sections 9.02 and 9.03, then the parties shall use their best efforts
to resolve the claim within ninety (90) days after the claim is submitted to binding arbitration
pursuant to Section 9.04. Notwithstanding the foregoing provisions of this Section
5.02(b), the Executive’s termination shall not constitute a termination for Good Reason unless
the applicable notice, cure and termination provisions set forth in the definition of Good Reason
above are satisfied.

          5.03 Permanent Disability. In the event of a Permanent Disability of the Executive,
the Executive shall be entitled to no further benefits under this Plan, provided that the Employer
shall have provided the Executive a Notice of Termination and the Executive shall not have returned
to the full-time performance of the Executive’s duties within thirty (30) days of such Notice of
Termination.

          5.04 Cause. The Employer may terminate the employment of the Executive for Cause.
The Executive shall not be deemed to have been terminated for Cause unless and until there shall
have been delivered to the Executive a Notice of Termination and a certified copy of a resolution
of the Board adopted by the affirmative vote of not less than a majority of the entire membership
of the Board (other than the Executive if he or she is a member of the Board at such time) at a
meeting called and held for that purpose and at which the Executive was given an opportunity to be
heard, finding that the Executive was guilty of conduct constituting Cause based on reasonable
evidence, specifying the particulars thereof in detail. For purposes of this Section 5.04,
no act or failure to act on the Executive’s part shall be considered “willful” unless done or
omitted to be done by him or her not in good faith and without reasonable belief that his or her
action or omission was in the best interest of the Company and the Employer.

          5.05 Notice of Termination. Any termination of the Executive’s employment by the
Employer or by the Executive (other than termination based on the Executive’s death) following a
Change in Control shall be communicated by the terminating party in a Notice of Termination to the
other party hereto.

     6. Compensation and Benefits Upon Termination of Employment.

          6.01 Severance Benefits. If the Executive shall be terminated from employment with
the Employer or shall terminate his or her employment with the Employer as described in Section
5.01, then the Executive shall be entitled to receive the following:

          (a) In lieu of any further payments to the Executive except as expressly contemplated
hereunder, the Employer shall pay as severance pay to the Executive an amount equal to two times
(in the case of a Tier 1 Executive) or one times (in the case of a Tier 2 Executive) the sum of the
Executive’s annual base compensation plus his or her target bonus plus

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his or her annualized car allowance, in each case as in effect immediately prior to the Change
in Control or as in effect on the date of the Notice of Termination, whichever is higher. Subject
to Section 6.03, such cash payment shall be payable in a single sum, within ten (10)
business days following the Executive’s Separation from Service.

          (b) Any then-outstanding and unvested stock options granted to the Executive by the Company
shall become 100% vested and may be exercised by the Executive for the longer of (i) ninety (90)
days after the Date of Termination or (ii) the period specified in the plan or agreement governing
such options (subject in each case to earlier termination at the end of the option term or in
connection with a change in control of the Company in accordance with the provisions of such plan
or agreement).

          (c) For a period of twenty-four months (in the case of a Tier 1 Executive) or twelve months
(in the case of a Tier 2 Executive) following the Executive’s Date of Termination (the “payment
period”), the Executive shall be entitled to the continuation of the same or equivalent life,
health, hospitalization, dental and disability insurance coverage and other employee insurance or
welfare benefits (including equivalent coverage for his or her spouse and dependent children) as he
or she was receiving immediately prior to the Change in Control. In the event that the Executive
is ineligible under the terms of such insurance to continue to be so covered, the Employer shall
provide the Executive with a lump sum payment equal to the cost of obtaining such coverage for the
payment period. If the Executive, prior to a Change in Control, was receiving any cash-in-lieu
payments designed to enable the Executive to obtain insurance coverage of his or her choosing, the
Employer shall, in addition to any other benefits to be provided under this Section
6.01(c), provide the Executive with a lump-sum payment equal to the amount of such in-lieu
payments that the Executive would have been entitled to receive over the payment period. To the
extent that the payment of any benefits pursuant to this Section 6.01(c) is taxable to the
Executive, any such payment shall be made to the Executive on or before the last day of the
Executive’s taxable year following the taxable year in which the related expense was incurred,
provided that any lump-sum payment made to the Executive pursuant to either of the preceding two
sentences shall be made within ten (10) business days following the Executive’s Separation from
Service. The Executive’s right to payment of such benefits is not subject to liquidation or
exchange for another benefit and the amount of such benefits that the Executive receives in one
taxable year shall not affect the amount of such benefits that the Executive receives in any other
taxable year. The benefits to be provided under this Section 6.01(c) shall be reduced to
the extent of the receipt of substantially equivalent coverage by the Executive from any successor
employer.

          (d) All awards under the Company’s Executive Retention Plan adopted in July, 1998 or any
similar plan shall accelerate and be payable within fifteen (15) days after the Executive’s
Separation from Service.

          (e) In the event that the amount of payments or other benefits payable to the Executive under
this Plan, together with any payments or benefits payable under any other plan, program,
arrangement or agreement maintained by the Employer or one of its affiliates, would constitute an
‘excess parachute payment’ (within the meaning of Section 280G of the Code), the

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payments under this Plan shall be reduced (by the minimum possible amounts) until no amount
payable to the Executive under this Plan constitutes an ‘excess parachute payment’ (within the
meaning of Section 280G of the Code); provided, however, that no such reduction shall be made if
the net after-tax payment (after taking into account Federal, state, local or other income and
excise taxes) to which the Executive would otherwise be entitled without such reduction would be
greater than the net after-tax payment (after taking into account Federal, state, local or other
income and excise taxes) to the Executive resulting from the receipt of such payments with such
reduction. If, as a result of subsequent events or conditions (including a subsequent payment or
absence of a subsequent payment under this Plan or other plans, programs, arrangements or
agreements maintained by the Employer or one of its affiliates), it is determined that payments
hereunder have been reduced by more than the minimum amount required under this Section
6.01(e), then an additional payment shall be promptly made to the Executive in an amount equal
to the excess reduction. All determinations required to be made under this Section
6.01(e), including whether a payment would result in an ‘excess parachute payment’ and the
assumptions to be utilized in arriving at such determination, shall be made and approved by the
Company’s independent certified public accounting firm and the Executive’s designated financial
advisor.

          6.02 Accrued Benefits. Upon termination of the employment of Executive for any
reason, any accumulated but unused vacation shall be paid through the Date of Termination. Upon
termination of the employment of Executive as set forth in Section 5.01, any accrued but
unpaid bonus shall be paid through the Date of Termination. Unless otherwise specifically provided
in this Plan, any payments or benefits payable to the Executive hereunder, including without
limitation any bonus, in respect of any calendar year during which the Executive is employed by the
Employer for less than the entire such year shall be prorated in accordance with the number of days
in such calendar year during which he or she is so employed.

          6.03 Specified Employees. The provisions of this Section 6.03 shall apply if
any severance payments hereunder constitute “deferred compensation” (within the meaning of Section
409A of the Code) payable upon the Executive’s Separation from Service and, in such event, such
provisions shall apply only to the extent required to avoid the imputation of any tax, penalty or
interest pursuant to Section 409A of the Code. It is the Company’s intent that severance payments
hereunder should not constitute “deferred compensation” payable upon a Separation from Service
(because such payments should constitute a “short-term deferral” within the meaning of Code Section
409A or otherwise) based on the guidance available as of the date hereof and, accordingly, should
not be subject to the delayed-payment provisions set forth in this Section 6.03.
Notwithstanding Section 6.01(a) or any other provision of this Plan to the contrary, if the
Executive is a “specified employee” within the meaning of Treasury Regulation Section 1.409A-1(i)
as of the date of the Executive’s Separation from Service, the Executive shall not be entitled to
any severance payments hereunder until the earlier of (i) the date which is six (6) months after
the Executive’s Separation from Service for any reason other than death, or (ii) the date of the
Executive’s death. Any amounts otherwise payable to the Executive upon or in the six (6) month
period following the Executive’s Separation from Service that are not so paid by reason of this
Section 6.03 shall be paid (without interest) as soon as practicable (and in all events
within thirty (30) days) after the date that is six (6) months after the Executive’s Separation
from Service (or, if earlier, as soon as practicable, and in all events within thirty (30) days,
after the date of the Executive’s death).

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     7. No Mitigation. The Executive shall not be required to mitigate the amount of any
payments provided for by this Plan by seeking employment or otherwise, nor shall the amount of any
cash payments or benefits provided under this Plan be reduced by any compensation or benefits
earned by the Executive after his or her Date of Termination (except as provided in the last
sentence of Section 6.01(d) above). Notwithstanding the foregoing, if the Executive is
entitled, by operation of any applicable law, to unemployment compensation benefits or benefits
under the Worker Adjustment and Retraining Act of 1988 (known as the “WARN” Act) in connection with
the termination of his or her employment in addition to amounts required to be paid to him or her
under this Plan, then to the extent permitted by applicable statutory law governing severance
payments or notice of termination of employment, the Company shall be entitled to offset the
amounts payable hereunder by the amounts of any such statutorily mandated payments.

     8. Limitation on Rights.

          8.01 No Employment Contract. This Plan shall not be deemed to create a contract of
employment between the Employer and the Executive and shall create no right in the Executive to
continue in the Employer’s employment for any specific period of time, or to create any other
rights in the Executive or obligations on the part of the Company or its subsidiaries, except as
set forth herein. Except as set forth herein, this Plan shall not restrict the right of the
Employer to terminate the employment of Executive, or restrict the right of the Executive to
terminate his or her employment.

          8.02 No Other Exclusions. This Plan shall not be construed to exclude the Executive
from participation in any other compensation or benefit programs in which he or she is specifically
eligible to participate either prior to or following the Effective Date of this Plan, or any such
programs that generally are available to other executive personnel of the Company, nor shall it
affect the kind and amount of other compensation to which the Executive is entitled.

     9. Administrator and Claims Procedure.

          9.01 Administrator. Except as set forth herein, the administrator (the
“Administrator”) for purposes of this Plan shall be the Company. The Company shall have the right
to designate one or more of the Company’s or the Employer’s employees as the Administrator at any
time. The Company shall give the Executive written notice of any change in the Administrator, or
in the address or telephone number of the same.

          9.02 Claims Procedure. The Executive, or other person claiming through the Executive,
must file a written claim for benefits with the Administrator as a prerequisite to the payment of
benefits under this Plan. The Administrator shall make all determinations as to the right of any
person to receive benefits under Sections 9.02 and 9.03. The decision by the
Administrator of a claim for benefits by the Executive, his or her heirs or personal representative
(the “claimant”) shall be stated in writing by the Administrator and delivered or mailed to the
claimant within thirty (30) days after receipt of the claim, unless special circumstances require
an extension of time for processing the claim. If such an extension is required, written notice of
the extension shall be furnished to the claimant prior to the termination of the initial thirty-day
period. In no event shall such extension exceed a period of thirty (30) days from the end of the

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initial period. Any notice of denial shall set forth the specific reasons for the denial,
specific reference to pertinent provisions of this Plan upon which the denial is based, a
description of any additional material or information necessary for the claimant to perfect his or
her claim, with an explanation of why such material or information is necessary, and a description
of claim review procedures, written to the best of the Administrator’s ability in a manner that may
be understood without legal or actuarial counsel.

          9.03 Appeals. A claimant whose claim for benefits has been wholly or partially denied
by the Administrator may request, within sixty (60) days following the date of such denial, in a
writing addressed to the Administrator, a review of such denial. The claimant shall be entitled to
submit written comments, documents, records and other information he or she shall consider relevant
to a determination of his or her claim, and he or she may include a request for a hearing in person
before the Administrator. Prior to submitting his or her request, the claimant shall be entitled
to review such documents, records, and other information as the Administrator shall reasonably
agree are pertinent to his or her claim. The claimant may, at all stages of the review, be
represented by counsel, legal or otherwise, of his or her choice, provided that the fees and
expenses of such counsel shall be borne by the claimant, unless the claimant is successful, in
which case, such costs shall be borne by the Company. The review of the claim shall take into
account all information submitted by claimant relating to the claim, without regard to whether such
information was submitted in the initial benefit determination. All requests for review shall be
promptly resolved. The Administrator’s decision with respect to any such review shall be set forth
in writing and shall be mailed to the claimant not later than sixty (60) days following receipt by
the Administrator of the claimant’s request unless special circumstances, such as the need to hold
a hearing, require an extension of time for processing, in which case the Administrator’s decision
shall be so mailed not later than one hundred and twenty (120) days after receipt of the claimant’s
request. The time and place of any hearing shall be as mutually agreed by the parties. If the
claimant is dissatisfied with the Administrator’s decision on review, the claimant may then
either, at his or her option, invoke the arbitration procedures described in Section 9.04
or pursue a remedy in a judicial forum. No legal action may be commenced prior to the completion
of the claims and appeals procedures described in the foregoing provisions of Section 9.02
and 9.03. Notwithstanding the foregoing, no legal action may be commenced after ninety
(90) days after the date upon which the Administrator’s written decision on appeal was sent to
claimant.

          9.04 Arbitration. A claimant who has followed the procedures in Sections 9.02 and
9.03, but who has not obtained full relief on his or her claim for benefits, may, within sixty (60)
days following his or her receipt of the Administrator’s written decision on review pursuant to
Section 9.03, apply in writing to the Administrator for expedited and binding arbitration of his or
her claim before an arbitrator in Orange County, California in accordance with the commercial
arbitration rules of the American Arbitration Association, as then in effect, or pursuant to such
other form of alternative dispute resolution as the parties may agree (collectively, the
“arbitration”). Subject to Section 10, the Company or the Employer shall pay filing fees
and other costs required to initiate the arbitration. The arbitrator’s sole authority shall be to
interpret and apply the provisions of this Plan; and except as set forth herein he or she shall not
change, add to, or subtract from, any of its provisions. The arbitrator shall have the power to
compel attendance of witnesses at the hearing. Any court having jurisdiction may enter a judgment
based upon such arbitration. The arbitrator shall be appointed by mutual agreement of

11

 

the Company and the claimant; provided that if the Company and the claimant cannot agree, the
arbitrator shall be appointed pursuant to the applicable commercial arbitration rules. The
arbitrator shall be a professional person with a reputation in the community for expertise in
employee benefit matters and who is unrelated to the claimant, the Company or its subsidiaries or
any employees of the Company or its subsidiaries. All decisions of the arbitrator shall be final
and binding on the claimant and the Company.

     10. Legal Fees and Expenses. If any dispute arises between the parties with respect
to the interpretation or performance of this Plan, the prevailing party in any arbitration or
proceeding shall be entitled to recover from the other party its attorneys fees, arbitration or
court costs and other expenses incurred in connection with any such proceeding. Amounts, if any,
paid to the Executive under this Section 10 shall be in addition to all other amounts due
to the Executive pursuant to this Plan.

     11. ERISA. This Plan is an unfunded compensation arrangement for a member of a select
group of the Company’s management or that of its subsidiaries and any exemptions under the Employee
Retirement Income Security Act of 1974, as amended, as applicable to such an arrangement shall be
applicable to this Plan.

     12. Taxes. The Executive shall be solely responsible for his or her own tax liability
with respect to participation in this Plan. The Company may withhold (or cause there to be
withheld, as the case may be) from any amounts otherwise due or payable under or pursuant to this
Plan such federal, state and local income, employment, or other taxes as may be required to be
withheld pursuant to any applicable law or regulation. Notwithstanding anything else contained
herein to the contrary, nothing in this Plan is intended to constitute, nor does it constitute, tax
advice, and in all cases, the Executive should obtain and rely solely on the tax advice provided by
the Executive’s own independent tax advisors (and not this Plan, the Company, any of the Company’s
affiliates, or any officer, employee or agent of the Company or any of its affiliates).

     13. Miscellaneous.

          13.01 Administration. This Plan may be administered by the Board or the Committee.
When this Plan refers to any action by the Board, the Committee may take such action with the same
effect as if it had been taken by the Board.

          13.02 Amendments. This Plan may be changed, amended or modified by resolution of the
Board or the Committee.

          13.03 Assignment and Binding Effect.

          (a) Neither this Plan nor the rights or obligations hereunder shall be assignable by the
Executive or the Company except that this Plan shall be assignable to, binding upon and inure to
the benefit of any successor of the Company, and any successor shall be deemed substituted for the
Company upon the terms and subject to the conditions hereof’.

          (b) The Company will require any successor (whether by purchase of assets, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the

12

 

Company to expressly assume and agree to perform all of the obligations of the Company under
this Plan (including the obligation to cause any subsequent successor to also assume the
obligations of this Plan) unless such assumption occurs by operation of law. Nothing in this
Section 13.03 is intended, however, to require that a person or group referred to in
Section 2.03(a) as being the beneficial owner of shares of stock of the Company must assume
the obligations under this Plan as a result of such stock ownership.

          13.04 No Waiver. No waiver of any term, provision or condition of this Plan, whether
by conduct or otherwise, in any one or more instances shall be deemed or be construed as a further
or continuing waiver of any such term, provision or condition or as a waiver of any other term,
provision or condition of this Plan.

          13.05 Rules of Construction.

          (a) This Plan has been executed in, and shall be governed by and construed in accordance with
the laws of, the State of California. Captions contained in this Plan are for convenience of
reference only and shall not be considered or referred to in resolving questions of interpretation
with respect to this Plan.

          (b) If any provision of this Plan is held to be illegal, invalid or unenforceable under any
present or future law, and if the rights or obligations of any party hereto under this Plan will
not be materially and adversely affected thereby, (i) such provision will be fully severable, (ii)
this Plan will be construed and enforced as if such illegal, invalid or unenforceable provision had
never comprised a part hereof, (iii) the remaining provisions of this Plan will remain in full
force and effect and will not be affected by the illegal, invalid or unenforceable provision or by
its severance herefrom and (iv) in lieu of such illegal, invalid or unenforceable provision, there
will be added automatically as a part of this Plan a legal, valid and enforceable provision as
similar in terms to such illegal, invalid or unenforceable provision as may be possible.

          13.06 Notices. Any notice required or permitted by this Plan shall be in writing,
delivered by hand, or sent by registered or certified mail, return receipt requested, or by
recognized courier service (regularly providing proof of delivery), addressed to the Board and the
Company and where applicable, the Administrator, at the Company’s then principal office, or to the
Executive at the address set forth in the records of the Employer, as the case may be, or to such
other address or addresses the Company or the Executive may from time to time specify in writing.
Notices shall be deemed given when received.

          13.07 Section 409A. This Plan is intended to comply with Section 409A of the Code
(including the Treasury regulations and other published guidance relating thereto) so as not to
subject any Executive to payment of any interest or additional tax imposed under Code Section 409A.
The provisions of this Plan shall be construed and interpreted to avoid the imputation of any such
additional tax, penalty or interest under Code Section 409A yet preserve (to the nearest extent
reasonably possible) the intended benefit payable to the Executive.

###

Western Digital Corporation Amended and Restated Change of Control Severance Plan

13

 

As amended November 5, 2008

As amended May 17, 2011

14exv10w1

Exhibit 10.1

	 	 	 	 	 

	LSI Corporation
	 	1 800 372 2447	 	 
	1621 Barber Lane
	 	lsi.com	 	 
	Milpitas, CA 95035
	 	 	 	 

[Execution Copy]

April 15, 2011

Phil Bullinger

LSI Corporation

4165 Shackleford Road

Norcross, GA 30093

	Re: 	 	Performance Bonus and Benefits Summary Pursuant to

the LSI Corporation Severance Policy for Executive Officers

Dear Phil,

The purpose of this letter is to detail the terms of (1) a special performance and retention bonus
(the “Performance Bonus”) developed for you in order to provide you with a financial incentive to
remain an active employee in good standing with LSI and to achieve the performance goals set forth
in this letter and (2) your separation under the LSI Corporation Severance Policy for Executive
Officers.

I.

Performance Bonus

As you know, LSI recently entered into an agreement to sell its External Storage Systems Business
(Engenio). As the leader of the Engenio business your contributions to the successful
implementation and execution of the proposed sale and your continued focus on meeting the business
objectives pending the completion of the sale are of critical importance to LSI, to the value of
the Engenio business and for our customers, employees and shareholders. Therefore, it is important
to stay focused on delivering on our commitments to our customers and to each other. Because your
continued performance and contributions are critical, we are pleased to provide you with an
opportunity to receive a Performance Bonus as set forth below.

Performance Bonus Amount. You will be eligible to receive a Performance Bonus equal to
$212,500 if (a) you remain in your current position as an employee in good standing with LSI
through May 13, 2011 (the “Retention Date”), and (b) you achieve the performance goals set forth on
Annex A (the “Performance Goals”).

Payment Date and Other Terms and Conditions. The Performance Bonus, if earned, will be
paid in a single lump sum payment within thirty (30) days following the Retention Date. If you do
not achieve the Performance Goals or if at any time prior to Retention Date, (1) you voluntarily
terminate your employment with LSI, or (2) your employment with LSI is terminated for cause, then
your right to receive the Performance Bonus payment shall lapse. If LSI terminates your employment
without cause prior to the Retention Date (whether or not the Performance Goals are achieved), then
the Performance Bonus shall be deemed to be earned, and will be paid to you in a single lump sum
within thirty (30) days of any such termination.

 

 

			
	Mr. Phil Bullinger 

April 15, 2011
	 	Page -2-

For the purpose of any benefit calculations (i.e., 401(k), ESPP, etc.), the Performance Bonus
payment will not be included in any benefit calculations, and the payment shall be subject to all
applicable taxes, which shall be deducted from any payment that is made to you.

Employment at Will. Please be aware that this letter is not an employment contract and
should not be construed or interpreted as creating an implied or expressed guarantee of continued
employment. The employment relationship is by mutual consent. This means that you have the right to
terminate your employment at any time and for any reason. Likewise, LSI reserves the right to
terminate your employment on the same basis.

Compensation Committee Approval. This terms and conditions set forth in this letter
relating to your Performance Bonus are contingent upon the approval of the Compensation Committee
of our Board of Directors.

II.

Separation under the LSI Corporation Severance Policy

Following, and contingent upon, the sale of the Engenio business, which is expected to occur on or
about May, 2011, your employment with LSI will terminate. For the avoidance of doubt, it is
understood and agreed that the separation benefits contained in this letter are specifically
contingent upon the completion of the sale of the Engenio Business and the termination of your
employment following such sale.

Upon termination, you will be eligible for benefits pursuant to the LSI Corporation Severance
Policy for Executive Officers provided that you execute and not revoke the General Waiver and
Release Agreement attached hereto as Annex B. This letter contains the entire
agreement between LSI and you regarding the termination of your employment and fully supersedes and
replaces in its entirety the provisions of any other agreement relating to your employment and
termination. All such other agreements, written or oral, are hereby terminated and replaced with
this letter.

Termination Date. You acknowledge and agree that, effective as of the later of (a) May 13,
2011, and (b) the closing of the sale of the Engenio business to NetApp, Inc. (the “Termination
Date”), you hereby resign all of your positions with LSI, including, without limitation, your
position as Executive Vice President and General Manager, Engenio Storage Group, and any other
positions (including directorships) with other entities that are affiliated with LSI. You agree to
execute any documents that may be necessary or appropriate to effect or to memorialize any
resignations from LSI or its affiliates contemplated by this letter.

Severance Payment. Following the Termination Date, LSI shall make a lump-sum payment to
you equal to $425,000.

Benefits. You and your eligible dependents shall continue to be covered by LSI’s group
benefit plans (e.g., medical, dental, prescription, vision care, and life insurance), at LSI’s
expense, except for the employee-paid portion of such premiums, until the last day of the month in
which the Termination Date falls, to the same extent that you and your dependents were covered by
said plans as of the date of this Agreement.

 

 

			
	Mr. Phil Bullinger 

April 15, 2011
	 	Page -3-

If you desire to continue coverage, pursuant to COBRA for medical, dental, prescription and vision
care, after the Termination Date, you may do so at your own expense; provided,
however, that LSI will pay for COBRA coverage at the same level of coverage that was in
effect for the you and you eligible dependents immediately prior to the Termination Date (such
payments shall not include COBRA coverage with respect to the company’s health care spending
account) for twelve (12) months, at no charge to you for so long as you are not employed by another
company during such time. Thereafter, you (and, if applicable, your eligible dependents) may
continue COBRA coverage at your own expense in accordance with COBRA. You understand and agree
that you must complete a COBRA application in order to receive the extension of health benefits
beyond the Termination Date.

Your group basic life insurance and accidental death and dismemberment coverage will continue to
the same extent the you and the your dependents were covered by said plans as of the date of this
Agreement at LSI’s expense for a two (2) month period following the end of the month in which the
Termination Date falls. You will have the option to convert the basic life insurance policy to an
individual policy at your own expense at the rates supplied by the underwriting company within 31
days following the paid-up benefits extension period by submitting the conversion application
provided by the insurance carrier. Your accidental death and dismemberment coverage is not
available for conversion to an individual policy.

Stock Rights. You will not be eligible to receive any further stock option or restricted
stock unit grants after the Termination Date. However, existing stock option and restricted stock
unit grants will continue to vest, until the Termination Date. All of your rights under existing
stock options and restricted stock units will be governed pursuant the agreements and plans under
which they were granted.

Expense Reimbursement. You will submit your final reasonable and customary travel and
other expenses reports to LSI on or prior to the Termination Date.

* * *

The above reflects the terms of the agreement between you and LSI regarding (1) the Performance
Bonus, and (2) the termination of your employment. There will be no other payments or benefits
other than those specified above.

Phil, please sign below to indicate your concurrence with the terms and conditions set forth in
this letter.

	 	 	 	 	 

	 

	 	LSI CORPORATION

	 	 
	/s/ Phil Bullinger

	 	By: /s/ Abhi Talwalkar
	 	 
	 

Phil Bullinger

	 	 
Name: Abhi Talwalkar	 	 
	 

	 	Title: President and Chief Executive Officer	 	 
	 
	Date: April 15, 2011

	 	Date: April 15, 2011	 	 

 

 

Annex A

PERFORMANCE GOALS

1. Sale of the Engenio Business

The closing of the sale of the Engenio business occurs on or before May 6, 2011, or such later date
as is agreed between LSI and the buyer.

2. Engenio Business Performance

Up to and including the closing date, the Engenio business under your direction must continue to
meet the performance goals metrics and business objectives established by LSI’s President and Chief
Executive Officer in his sole discretion and absolute discretion.

* * *

In order to receive the Performance Bonus both of the Performance Goals (1 and 2) above must be
met. Notwithstanding anything to the contrary contained in the letter, the Performance Bonus
payment shall not be required to be made if either of the Performance Goals is not met for any
reason. Determination of whether a Performance Goal has been achieved shall be made by LSI’s
President and Chief Executive Officer in his sole and absolute discretion.

Page 1 of 1

 

Annex B

GENERAL WAIVER AND RELEASE AGREEMENT

     1. I understand and agree that (a) my employment with LSI Corporation (together with its
predecessors and its successors and assigns, “LSI”) will end on May 13, 2011; (b) I will be paid
severance and other benefits as set forth in the attached letter dated April 4, 2011 setting forth
the Benefits Summary Pursuant to the LSI Corporation Severance Policy for Executive Officers
effective as of June 1, 2008 (“Summary”) only if I sign and do not revoke this General Waiver and
Release Agreement (“Agreement”); and (c) the terms of the Summary are incorporated by reference in
this Agreement and are intended to supersede and extinguish any other obligation LSI may have to
pay me severance or other payments or benefits upon termination, including but not limited to any
agreements or understandings, whether oral or written, made at any time prior to the date of this
Agreement.

     2. In consideration of the payments and benefits set forth in the Summary, I, on behalf of
myself and my heirs, executors, administrators, successors and assigns, knowingly and voluntarily
waive, release and forever discharge LSI, each of its subsidiaries or affiliated companies, their
respective current and former officers, employees, agents and directors, and any predecessor,
successor or assign of any of the foregoing, from any claim, charge, action or cause of action that
I or any of them may have against any such released person, whether known or unknown, from the
beginning of time through the date of this Agreement based upon any matter, cause or thing
whatsoever related to or arising out of my employment with LSI or my termination other than claims
arising out of a breach of this Agreement or any claim that cannot be waived by law. All such
claims are forever barred by this Agreement.

     This release and waiver includes, but is not limited to, any rights or claims under United
States federal, state or local law, for wrongful or abusive discharge, for breach of any contract,
or for discrimination based upon race, color, ethnicity, sex, age, national origin, religion,
disability, sexual orientation, or any unlawful criterion or circumstance, including, but not
limited to, rights or claims under the Family and Medical Leave Act, claims of discrimination under
the Employee Retirement Income Security Act, the Equal Pay Act, the Occupational Safety and Health
Act, the Workforce Adjustment Retraining Notification Act, Title VII of the Civil Rights Act of
1964, the Americans with Disabilities Act, Section 1981 through 1988 of the Civil Rights Act of
1866, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Older
Workers Benefit Protection Act, the Rehabilitation Act of 1973, Executive Order 11246 and any other
executive order, the Fair Labor Standards Act and its state and local counterparts, the Uniform
Services Employment and Reemployment Rights Act, and the Immigration Reform Control Act, all as
amended. I confirm that I have no claim or basis for a claim whatsoever against LSI with respect to
any such matters related to or arising out of my employment by LSI or my termination.

     3. I affirm that I have been given at least 21 days within which to consider this release and
its consequences, that I have seven days following my signing of this Agreement to revoke and
cancel the terms and conditions contained herein and the terms and conditions of this Agreement
shall not become effective or enforceable until the seven-day revocation and cancellation period
has expired, and that, prior to the execution of this Agreement, I have been advised by LSI to
consult with an attorney of my choice concerning the terms and conditions set forth herein. Any
revocation or cancellation of this Agreement by me pursuant to this paragraph shall be in writing
delivered to LSI.

Page 1 of 4

 

     4. (a) Until May 13, 2012, I shall not, without the prior written consent of LSI Corporation’s
Chief Executive Officer, (i) directly or indirectly solicit (or encourage any company or business
organization in which I am an officer, employee, partner, director, consultant or member of a
technical advisory board to solicit or employ) or (ii) refer to any employee search firms, any
person who was employed by LSI as of the date hereof and who was not involuntarily terminated
without cause by LSI on or before the date of any such solicitation.

          (b) Until May 13, 2012, I shall not, without the prior written consent of LSI Corporation’s
Chief Executive Officer, at any time or for any reason, anywhere in the world, directly or
indirectly (i) engage in any business or activity, whether as an employee, consultant, partner,
principal, agent, representative, stockholder (except as a holder of less than 5% of the combined
voting power of the outstanding stock of a publicly held company) or in any other individual,
corporate or representative capacity, or render any services or provide any advice to any business,
activity, person or entity, if I know or reasonably should know that such business, activity,
service, person or entity, directly or indirectly, competes in any material manner with LSI’s
business as constituted on the date hereof, or (ii) meaningfully assist, help or otherwise support
any person, business, corporation, partnership or other entity or activity, whether as an employee,
consultant, partner, principal, agent, representative, stockholder (other than in the capacity as a
stockholder of less than 5% of the combined voting power of the outstanding shares of stock of a
publicly held company) or in any other individual, corporate or representative capacity, to create,
commence or otherwise initiate, or to develop, enhance or otherwise further, any business or
activity if I know or reasonably should know that such business, activity, service, person or
entity, directly or indirectly, competes in any material manner with LSI’s business as constituted
on the date hereof. For the purposes of this Agreement, LSI’s competitors shall be those companies
listed in the “Competition” section of LSI’s Form 10-K for the fiscal year ended December 31, 2010.

          (c) If at any time I violate the provisions of Sections 4(a) or 4(b) above, any amounts
remaining unpaid as set forth in the Summary as well as any benefits provided for in the Summary
(other than those from qualified retirement or welfare plans and my expatriate and relocation
benefits) and any continuing vesting of stock options or restricted stock units, if any, shall
immediately be forfeited and terminated, and any amounts already paid to me in accordance with the
Summary, except for the sum of One Thousand Dollars ($1,000) shall, at LSI’s sole discretion, be
required to be repaid by me to LSI within ten (10) business days of LSI’s request in writing
therefore. This provision shall not affect LSI’s right to otherwise specifically enforce any
provision relating to non-solicitation or non-competition that is in this Agreement or in any other
agreement, document or plan applicable to me.

          (d) I hereby agree that, from time to time upon LSI’s reasonable request, I shall assist LSI
in connection with any pending or future dispute, litigation, arbitration or similar proceeding or
investigation or any regulatory requests or filings involving LSI, any of its employees or
directors or the employees and directors of any subsidiary.

          (e) I agree to not (i) testify or otherwise provide testimony in any form at or for any legal
or administrative proceeding, including testimony related to any matter involving LSI, unless
legally compelled to do so or (ii) make statements to third parties, the public, the press or the
media or any administrative agency, in either case that would portray LSI in an adverse light or
disparage LSI, or cause injury to LSI with respect to events occurring prior to or after the date
hereof.

Page 2 of 4

 

     5. I agree to return to LSI any and all LSI property of any kind or description whatsoever,
including, but not limited to, any Confidential Information (as defined below), which has been
furnished to me or is held by me, at my residence or elsewhere, and shall not retain any copies,
duplicates, reproductions or excerpts thereof. I also agree and covenant, that I shall not divulge
to any other person or entity any proprietary or confidential information, whether written or oral,
received or gained by me in the course of my employment by LSI or of my duties with LSI
(“Confidential Information”), nor shall I make use of any such Confidential Information on my own
behalf or on behalf of any other person or entity, for so long as such Confidential Information is
not known to the general public.

     In addition, I agree to abide by the terms of any confidentiality and/or proprietary
information agreement that I have entered into with LSI, the terms of which shall continue in full
force and effect.

     6. If I am a California resident, I expressly waive Section 1542 of the California Civil Code,
which provides:

“A general release does not extend to claims which the creditor does not know or suspect to exist
in his favor at the time of executing the release which if known by him must have materially
affected his settlement with the debtor.”

If I am a resident of another state, I agree to waive the benefits of any statute similar in terms
and effect to this provision.

     7. This Agreement contains the entire agreement concerning the subject matter hereof and
supersedes all prior agreements, understandings, discussions, negotiations, and undertakings,
whether written or oral, with respect thereto, except for the confidentiality and/or proprietary
information agreements referred to above. In the event that any provision or portion of this
Agreement shall be determined to be invalid or unenforceable for any reason, the remaining
provisions or portions of this Agreement shall be unaffected thereby and shall remain in full force
and effect to the fullest extent permitted by law.

     8. This Agreement may not be modified or amended except by a writing signed by me and LSI’s
Executive Vice President, General Counsel and Secretary.

     9. I understand that any taxes (other than the employer-mandated portion of FICA and FUTA)
which may become due as a result of any payment or transaction contemplated by this Agreement
including the attached Summary are my sole responsibility, and I further agree to hold LSI harmless
on account thereof.

     10. This Agreement shall be interpreted in accordance with the plain meaning of its terms and
not strictly for or against any person or entity. To the extent that federal law controls the
interpretation or enforceability of any provision of this Agreement, this Agreement shall be
construed and enforced in accordance with federal law. Otherwise, this Agreement shall be governed
by and construed and interpreted in accordance with the laws of the Commonwealth of Pennsylvania
without reference to the principles of conflicts of law.

Page 3 of 4

 

     BY SIGNING AND DELIVERING THIS AGREEMENT, I STATE THAT: I HAVE READ IT AND UNDERSTAND IT; I
AGREE WITH IT AND AM AWARE THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING RIGHTS PROVIDED BY THE
OLDER WORKERS BENEFIT PROTECTION ACT, FOR CONSIDERATION TO WHICH I WAS NOT ALREADY OTHERWISE
ENTITLED; I WAS ADVISED TO, AND AM AWARE OF MY RIGHT TO CONSULT WITH AN ATTORNEY BEFORE SIGNING IT;
AND I HAVE SIGNED IT KNOWINGLY AND VOLUNTARILY.

	 	 	 	 	 
	 	 	 
	
 	 	 
	Phil Bullinger 	 	 
	 
	Date: May __, 2011 	 	 
	 

Page 4 of 4

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