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Exhibit 10.12    
    

TECHWELL, INC.  

 
 

AMENDMENT NO. 2 TO THE
  FOURTH AMENDED AND RESTATED RIGHTS AGREEMENT    
    

        THIS AMENDMENT NO. 2 TO THE FOURTH AMENDED AND RESTATED RIGHTS AGREEMENT (this "Amendment") is made and entered into as of the 21st day of June, 2006 by
and among TECHWELL, INC., a Delaware corporation (the "Company"), and the signatories hereto, all of whom are parties to that certain Fourth
Amended and Restated Rights Agreement dated as of March 11, 2005 (the "Fourth Rights Agreement"). 

 
 

RECITALS    
    

        A.    The
Company and certain stockholders of the Company (the "Stockholders") entered into the Fourth Rights Agreement in connection with the Company's Series F
Preferred Stock financing. 

        B.    The
Company and certain stockholders amended the Fourth Rights Agreement by that certain Amendment No. 1 to the Fourth Amended and Restated Rights Agreement dated
March 27, 2006 ("Amendment No. 1" and together with the Fourth Rights Agreement, the "Rights Agreement"). 

        C.    Terms
not otherwise defined herein shall have the meaning given to them in the Rights Agreement. 

        D.    Pursuant
to Section 4.7 of the Rights Agreement, any provision of the Rights Agreement may be amended or waived (either generally or in a particular instance and
either retroactively or prospectively) with the written consent of the Company and the Holders of at least sixty-six and two-thirds percent (662/3%) of the
outstanding shares of the Registrable Securities. Notwithstanding the foregoing, the amendment or waiver (either generally or in a particular instance and either retroactively or prospectively) of
Sections 3.5, 3.6, 3.7, 3.8 and 3.10 of the Rights Agreement shall also require the written consent of the Holders of at least a majority of the outstanding shares of the Company's Series E
Preferred Stock and Series E-1 Preferred Stock, voting as a single class on an as-converted basis, and the provisions of Section 3.1, Section 3.2
(b) and Section 3.3 may be amended or waived (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of the Company and the
holders of sixty-six and two thirds percent (662/3%) of the Registrable Securities that are held by Major Investors. Any such amendment or waiver shall be binding on all of
the Holders. 

        E.    Section 2.16
of the Rights Agreement currently defines a "Qualified Offering" as the sale of the Company's Common Stock in a bona fide, firm commitment
underwriting pursuant to a registration statement on Form S-1 under the Act which results in aggregate gross cash proceeds in excess of $50,000,000 to the Company and all holders of
the Company's capital stock participating in such sale, including at least $25,000,000 in aggregate net proceeds of such sale to the Company, and the public offering price of which is not less than
$10.00 per share (adjusted to reflect subsequent stock dividends, stock splits or recapitalization) (other than a registration statement relating either to the sale of securities to employees of the
Company pursuant to a stock option, stock purchase or similar plan or a SEC Rule 145 transaction). 

        F.     The
Company's Board of Directors approved a change in the definition of "Qualified Offering" set forth in Section 2.16 of the Rights Agreement, such that a
"Qualified Offering" shall mean either (a) in the case of an initial public offering that occurs on or prior to July 31, 2006, the sale of the Company's Common Stock in a bona fide, firm
commitment underwriting pursuant to a registration statement on Form S-1 under the Act which results in aggregate gross cash proceeds in excess of $40,000,000 to the Company and all
holders of the Company's capital stock participating in such sale, including at least $20,000,000 in aggregate net proceeds of such sale to the Company, and 

 

the
public offering price of which is not less than $9.00 per share (adjusted to reflect subsequent stock dividends, stock splits or recapitalization) (other than a registration statement relating
either to the sale of securities to employees of the Company pursuant to a stock option, stock purchase or similar plan or a SEC Rule 145 transaction, or (ii) in the case of an initial
public offering that occurs following July 31, 2006, the sale of the Company's Common Stock in a bona fide, firm commitment underwriting pursuant to a registration statement on
Form S-1 under the Act which results in aggregate gross cash proceeds in excess of $50,000,000 to the Company and all holders of the Company's capital stock participating in such
sale, including at least $25,000,000 in aggregate net proceeds of such sale to the Company, and the public offering price of which is not less than $10.00 per share (adjusted to reflect subsequent
stock dividends, stock splits or recapitalization) (other than a registration statement relating either to the sale of securities to employees of the Company pursuant to a stock option, stock purchase
or similar plan or a SEC Rule 145 transaction). 

        NOW,
THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter set forth and other due and valid consideration, the receipt and adequacy of which are
hereby acknowledged, the parties hereto agree as follows: 

        1.    Change in Definition of Qualifying IPO.    The parties hereto agree that Section 2.16 of the Rights
Agreement shall be amended and replaced in its entirety with the following: 

        "1.14    Termination of Registration Rights.    No Holder shall be entitled to exercise any right provided for in this
Section 2: (a) after five (5) years following either (i) in the case of an initial public offering that occurs on or prior to July 31, 2006, the sale of the
Company's Common Stock in a bona fide, firm commitment underwriting pursuant to a registration statement on Form S-1 under the Act which results in aggregate gross cash proceeds in
excess of $40,000,000 to the Company and all holders of the Company's capital stock participating in such sale, including at least $20,000,000 in aggregate net proceeds of such sale to the Company,
and the public offering price of which is not less than $9.00 per share (adjusted to reflect subsequent stock dividends, stock splits or recapitalization) (other than a registration statement relating
either to the sale of securities to employees of the Company pursuant to a stock option, stock purchase or similar plan or a SEC Rule 145 transaction, or (ii) in the case of an initial
public offering that occurs following July 31, 2006, the sale of the Company's Common Stock in a bona fide, firm commitment underwriting pursuant to a registration statement on
Form S-1 under the Act which results in aggregate gross cash proceeds in excess of $50,000,000 to the Company and all holders of the Company's capital stock participating in such
sale, including at least $25,000,000 in aggregate net proceeds of such sale to the Company, and the public offering price of which is not less than $10.00 per share (adjusted to reflect subsequent
stock dividends, stock splits or recapitalization) (other than a registration statement relating either to the sale of securities to employees of the Company pursuant to a stock option, stock purchase
or similar plan or a SEC Rule 145 transaction) (a "Qualified Offering") or (b) at and after such time following the Company's initial public offering as such Holder holds Registrable
Securities equal to one percent (1%) or less of the outstanding stock of the Company and is able to dispose of all of its Registrable Securities in any three-month period without registration pursuant
to the provisions of Rule 144. 

        2.    Effect of this Amendment.    Except as modified by this Amendment, all other terms and conditions of the Rights
Agreement shall remain in full force and effect, and this Amendment shall be governed by all provisions thereof. 

        3.    Defined Terms.    Capitalized terms used herein but not otherwise defined herein shall have the meanings as set
forth in the Rights Agreement. 

        4.    Counterparts.    This Amendment may be executed in any number of counterparts, each of which shall be deemed to
be an original, but all of which together shall constitute one and the same instrument. 

2

 

        5.    Facsimile Signatures.    This Amendment may be executed and delivered by facsimile and, upon such delivery, the
facsimile will be deemed to have the same effect as if the original signature had been delivered to the other party. Each of the Stockholders and each future holder of Registrable Securities agrees to
deliver to the Company the original signature copy. However, the failure to deliver the original signature copy and/or the nonreceipt of the original signature copy shall have no effect upon the
binding and enforceable nature of this Amendment. 

[Remainder
of this page intentionally left blank.] 

3

 

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the day and year first above written. 

	 	TECHWELL, INC.,

a Delaware corporation
	

 	

By	

/s/  MARK VOLL      

	 	Mark Voll

Chief Financial Officer
	

 	

Address:  408 East Plumeria Drive

                 San Jose, CA 95134

[Stockholders'/Holders'
signatures to follow.] 

4

 

AGREED
AND APPROVED: 

MILLENNIA 2000 VENTURE PARTNERS: 

	 	
 (Printed Name of Investor)
	

By:	

    
	

 
	

Title:	

    
	

 

TECHWELL, INC.

AMENDMENT NO. 1 TO RIGHTS AGREEMENT 

5

 

AGREED
AND APPROVED: 

SANYO SEMICONDUCTOR CORPORATION: 

	 	/s/  KATSUHITO TAKEI      
 (Printed Name of Investor)
	

By:	

Katsuhito Takei
	

 
	

Title:	

Treasurer
	

 

TECHWELL, INC.

AMENDMENT NO. 2 TO RIGHTS AGREEMENT 

6

 

AGREED
AND APPROVED: 

CSAM FUNDS, on behalf of Credit Suisse Asses Management: 

	 	/s/  GABRIELLE WYNN          /s/  MARC TROG      
 (Printed Name of Investor)
	

By:	

VP                VP	

 
	

Title:	

    
	

 

TECHWELL, INC.

AMENDMENT NO. 1 TO RIGHTS AGREEMENT 

7

 

AGREED
AND APPROVED: 

THE YASUDA ENTERPRISE DEVELOPMENT: 

	 	/s/  KAZUSHIGE TACHIBANA      

	

By:	

Kazushige Tachibana
	

 
	

Title:	

attorney-in-fact
	

 

TECHWELL, INC.

AMENDMENT NO. 1 TO RIGHTS AGREEMENT 

8

 

AGREED
AND APPROVED: 

CHINA CENTURY VENTURE CAPITAL CO., LTD: 

	 	/s/  ILLEGIBLE      

	

By:	

    
	

 
	

Title:	

    
	

 

AGREED
AND APPROVED: 

CHINA INTERNATIONAL VENTURE CAPITAL CO., LTD: 

	 	/s/  ILLEGIBLE      

	

By:	

    
	

 
	

Title:	

    
	

 

TECHWELL, INC.

AMENDMENT NO. 2 TO RIGHTS AGREEMENT 

9

 

AGREED
AND APPROVED: 

SVIC NO. 4 NEW TECHNOLOGY BUSINESS INVESTMENT LLP

	 	/s/  SANGI KIM      

	

By:	

Sangi Kim
	

 
	

Title:	

CEO
	

 

TECHWELL, INC.

AMENDMENT NO. 1 TO RIGHTS AGREEMENT 

10

 

AGREED
AND APPROVED: 

TCV IV STRATEGIC PARTNERS, L.P.: 

	 	/s/  ROBERT BENSKY      

	

By:	

Robert Bensky
	

 
	

Title:	

attorney-in-fact
	

 

TCV IV, L.P.: 

	 	/s/  ROBERT BENSKY      

	

By:	

Robert Bensky
	

 
	

Title:	

attorney-in-fact
	

 

TECHWELL, INC.

AMENDMENT NO. 2 TO RIGHTS AGREEMENT 

11

   
        AGREED AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

 /s/  FRANK YU      

Frank
Yi 

TECHWELL, INC.

AMENDMENT NO. 2 TO RIGHTS AGREEMENT 

12

 

AGREED
AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

 /s/  PAUL HOFER      

Paul
Hofer 

TECHWELL, INC.

AMENDMENT NO. 1 TO RIGHTS AGREEMENT 

13

 

AGREED
AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

 /s/  MICHELE PORRO      

Michele
Porro 

TECHWELL, INC.

AMENDMENT NO. 2 TO RIGHTS AGREEMENT 

14

 

AGREED
AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

 /s/  HSI-NAN CHEN      

His-Nan
Chen 

TECHWELL, INC.

AMENDMENT NO. 1 TO RIGHTS AGREEMENT 

15

 

AGREED
AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

 /s/  FUN-KAI LUI      

Fun-Kai
Lui 

TECHWELL, INC.

AMENDMENT NO. 1 TO RIGHTS AGREEMENT 

16

 

AGREED
AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

 /s/  CHUEN-TSAI CHANG      

Chuen-Tsai
Chang 

TECHWELL, INC.

AMENDMENT NO. 1 TO RIGHTS AGREEMENT 

17

 

AGREED
AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

 /s/  SHOJI SAKAMOTO      

Shoji
Sakamoto 

TECHWELL, INC.

AMENDMENT NO. 2 TO RIGHTS AGREEMENT 

18

 

AGREED
AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

 /s/  ISAO SAKAMOTO      

Isao
Sakamoto 

TECHWELL, INC.

AMENDMENT NO. 2 TO RIGHTS AGREEMENT 

19

 

AGREED
AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

(Printed
Name of Investor) 

By:

Title:

TECHWELL, INC.

AMENDMENT NO. 2 TO RIGHTS AGREEMENT 

20

 

AGREED
AND APPROVED: 

STOCKHOLDERS/HOLDERS: 

(Printed
Name of Investor) 

By:

Title:

TECHWELL, INC.

AMENDMENT NO. 2 TO RIGHTS AGREEMENT 

21

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Exhibit 10.12

AMENDMENT NO. 2 TO THE FOURTH AMENDED AND RESTATED RIGHTS AGREEMENT

RECITALSQuickLinks
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Exhibit 10.4  

March 24,
2006 

Mr. J.
Phillip Cooper 

Dear
Phil: 

        This
letter agreement confirms the understanding between you and CRA International, Inc. (the "Company" or "CRA") relating to your separation from employment with the Company. 

        1.     Resignation.    You hereby resign your positions as Vice Chairman and Executive Vice President, and from all
other offices, titles or positions you hold with the Company or any of its subsidiaries or affiliates, effective as of March 21, 2006 (the "Resignation Date"). Your resignation shall be
effective regardless of the continued effectiveness of this letter agreement. From and after the Resignation Date, your obligations to the Company and the Company's obligations to you shall be solely
those provided for in this letter agreement, inclusive of the exhibits attached hereto. 

        2.     Cooperation in Transition.    For the period from March 22, 2006 through June 21, 2006 (the
"Retirement Date"), you shall remain an employee of the Company (the period from March 22, 2006 through June 21, 2006 to be referenced as the "Transition Period"), subject at all times
to the policies, procedures and requirements of the Company, and shall make yourself available upon reasonable request by the Company, and at mutually agreeable times, during the Transition Period to
assist in transitioning your former responsibilities to the person or persons designated by the Company to receive them, including but not limited to by providing the Company with the location of, and
access information for, all computers and other electronic, recording and storage devices, and any other media containing electronic or physical versions copies of Company property, documents,
records, files, emails and information. In this regard, you agree that you will generally provide assistance to the Company during the Transition Period telephonically or electronically and will
present yourself at mutually agreed upon times at the Company or such other mutually agreeable location during the Transition Period only at the request of the Company on an as-needed
basis; provided, however, that you will be present as necessary during the period from March 22, 2006 through April 5, 2006 to assist with the BBG transaction (or such shorter period as
the Company determines in its discretion), and provided further that you shall have no further involvement with any other CRA business activities or transactions, unless such involvement (including
but not limited to conference calls and other communications) includes a designated Company representative in all instances, and any such communications confirm that you have no authority to bind the
Company. Notwithstanding any of the foregoing, you shall have no authority during the Transition Period to act on behalf of the Company and shall not do so, shall make no public representations on
behalf of the Company, and shall incur no expenses on behalf of the Company unless specifically authorized. Your employment shall terminate by way of your resignation on the Retirement Date. 

        3.     Conditions Precedent to the Effectiveness of this Letter Agreement.    Notwithstanding any other provisions of
this letter agreement, this letter agreement shall be rescinded by the Company, and any pending offer from the Company or agreement in principle between you and the Company shall be null and void and
of no further effect, if (a) you and the Company have not reached a definitive agreement on your retirement by April 18, 2006; (b) you fail to execute all documents required to be
executed in connection with your employment with CRA or this letter agreement; or (c) you at any time during the Transition Period engage in conduct materially detrimental to the legitimate
business interests of CRA, any material breach of any of your obligations under this letter agreement governing your conduct, or in conduct disparaging to or abusive to CRA, its Board of Directors or
any of its members, its management or any of its members, or its employees. As to provisions (b) and (c) of this Section 3, should you fail to abide by these requirements, you
shall be required to return to the Company any and all payments or other tangible benefits provided to you pursuant to this letter agreement through the date of your breach. For purposes of this
letter agreement, (y) "material" shall 

 

mean
having adverse influence, effect or impact on CRA, its business, its Board of Directors or any of its members, its management or any of its members, or its employees which is more than  De minimis; and
(z) "abusive conduct" shall mean immoderate or improper conduct that departs from what is reasonable in the CRA office
environment and rises to the level of maltreatment of a person. 

        Notwithstanding
anything contained herein, you shall not be required to return or pay back to the Company the following payments and benefits guaranteed to you by your signed offer
letter agreement: the value of a one-month notice period (including but not limited to the 401K contribution for said month); $150,000.00 in severance pay; benefits continuation for one
year from the Retirement Date (which, in the event any such return hereunder shall be required, shall be deemed to be April 20, 2006); and (subject to the provisions of Section 4(d)
below) acceleration of vesting for one year from such Retirement Date. In addition, you shall not be required to return or pay back to the Company the following payments and benefits provided or
agreed to in connection with your employment or its termination: the $375,000.00 cash bonus under the 2005 Bonus Plan; the twenty-five percent vesting of 2000 RSUs issuable in accordance
with the 2006 Equity Incentive Plan; and the Company's Profit Sharing Plan contributions for fiscal 2005 and for the calendar year 2005 stub period. The required return shall otherwise reach all
payments and benefits resulting from the three month employment continuation period, reduced by the value of the one month notice period. 

        4.     Severance Pay and Associated Benefits.

        (a)   Severance Pay.    Subject to (i) your continuing compliance with the provisions of Sections 7, 8, 9, 10
and 14(c) of this letter agreement and the provisions of the CRA International, Inc. Non-Solicit/Non-Hire Agreement, effective as of May 3, 2000 between you and
the Company (the "Non-Solicitation Agreement"); (ii) your execution of this letter agreement in accordance with the provisions of Section 13 of this letter agreement
(provided that the seven-day revocation period set forth in Section 13(c) has run without revocation by you); (iii) your execution on the Retirement Date of the Supplemental
General Release and Waiver of All Claims that is Exhibit F hereto; and (iv) the provisions of Section 4(i) below, the
Company will make a lump sum payment to you in the gross amount of $275,000.00 (the "Severance Payment"), which payment shall include the normal termination pay for someone of your seniority and
tenure with the Company and additional consideration. With regard to the foregoing, you hereby affirm and acknowledge that you are, and since May 3, 2000 have been, bound by the
Non-Solicitation Agreement, a true copy of which is attached as Exhibit A to this letter agreement and is incorporated herein by
reference. 

        (b)   Salary Continuation.    After the Resignation Date, the Company will continue to pay you your compensation at
the current rate of $300,000 per year through the Transition Period, and you shall also be entitled to continue all benefits provided to employees (including continued vesting of your issued and
outstanding unvested options to purchase stock in CRA) on the same basis on which you have been receiving them through the Retirement Date, subject to (i) your continuing compliance with the
provisions of Sections 7, 8, 9, 10 and 14(c) of this letter agreement and the provisions of the Non-Solicitation Agreement; (ii) your execution of this letter agreement in
accordance with the provisions of Section 13 of this letter agreement (provided that the seven-day revocation period set forth in Section 13(c) has run without revocation by
you) and of the General Release and Waiver of All Claims that is Exhibit E, (iii) your fulfillment of your responsibilities to transition
your former responsibilities in accordance with the provisions of Section 2 above, and (iv) the provisions of Section 4(i) below. 

        (c)   Bonus Payment.    The Company confirms that you have been awarded a FY 2005 bonus in the amount of $375,000 and
2,000 Restricted Share Units (RSUs") issuable in accordance with the CRA International, Inc. 2006 Equity Incentive Plan and vesting over a four-year period (with an additional 2,000
RSUs that you might have become eligible for during the course of FY 2006 based on your performance had you remained employed by the Company). For purposes of this 

2

 

letter
agreement, the Company agrees to accelerate the vesting of 25%, i.e., 500 units, of the RSUs on the Retirement Date. 

        (d)   Stock Options; Stock.    The Company has previously issued to you certain stock options under the Charles River
Associates Incorporated 1998 Incentive and Nonqualified Stock Option Plan, which are summarized in Exhibit B. Subject to all required Board of
Director and/or Board committee approvals and subject to your execution of the CRA International, Inc. Non-Competition Agreement (the "Non-Competition Agreement"),
attached hereto as Exhibit C, in connection with your exercise of any and all options requiring execution of the Non-Competition
Agreement by their terms, the vesting of your options will be accelerated on the Retirement Date by one year. Also subject to all required Board of Director and/or Board committee approvals and to
applicable terms and conditions attendant to the exercise of Company options (including but not limited to the requirement that, as to options issued to you in 2004 and 2005, you execute the
Non-Competition Agreement in connection with any exercise of options), you will have ninety (90) days from the Retirement Date to exercise any options that vested during your
employment, including during the Transition Period and on the Retirement Date. You shall forfeit any options unvested as of the Retirement Date, but not those options vested on the Retirement Date as
set forth above. Further, as of the Retirement Date you shall no longer be eligible to participate in any Employee Stock Purchase Plan. 

        (e)   Benefits Continuation.

        (1)   Medical Insurance Coverage.    Your rights under the so-called COBRA statute (which gives you the
right to continue to participate in the Company's group medical and dental plans for a period of time at your own expense) shall become effective as of the Retirement Date. For the period of twelve
(12) months from the Retirement Date, the Company will pay the same premium for your existing medical and dental insurances as it would have paid if you had continued to be employed at the
Company, said continuation coverages to include the Exec-U-Care supplement to your group medical plan. Nothing in this provision shall prevent the Company from making changes
in its medical and dental insurance plans to the extent that such changes are generally applicable to employees of the Company. 

        (2)   Long-Term Disability Insurance.    Your coverage under the group long-term disability
insurance policy maintained by the Company for employees terminates on the Retirement Date. The Company shall thereafter pay to you $795.00, which is the
amount it would have paid for such insurance coverage for you if you had remained an employee for one year from June 21, 2006. 

        (3)   Life Insurance.    Your coverage under the group life insurance policy maintained by the Company for employees
terminates on the Retirement Date. To the extent this policy provides a right for you to continue this coverage on an individual basis, the Company will continue to pay your premiums for this coverage
for a period of twelve (12) months from the Retirement Date. To the extent this policy does not provide a right for you to continue this coverage on an individual basis, the Company will pay
the cost of replacement up to the limit of $6,000.00. 

        (4)   Accidental Death & Dismemberment Insurance.    Your coverage under the group accidental death and
dismemberment insurance policy maintained by the Company for employees terminates on the Retirement Date. To the extent this policy provides a right for you to continue this coverage on an individual
basis, the Company will continue to pay your premiums for this coverage for a period of twelve (12) months from the Retirement Date. To the extent this policy does not provide a right for you
to continue this coverage on an individual basis, the Company will pay the cost of replacement up to the limit of $144, which is the cost to the Company of providing such coverage to you. 

3

 

        (5)   Parking.    The Company will continue to pay the costs of your parking through April 30, 2006. 

        (f)    Profit-Sharing Retirement Contribution; 401(k) Plan.    Your qualification to receive an annual retirement
contribution from the Company and your eligibility to participate in the Company's 401(k) Plan will each terminate on the Retirement Date. You will continue to receive the Company's 401(k) match on a  pro rata basis through the Retirement Date. You will receive your fiscal 2005 and calendar 2005 stub-period Profit Sharing Plan
contributions from the Company for November 26, 2005 and for December 31, 2005 respectively, but will not receive any annual Profit Sharing Plan contribution for calendar 2006 from the
Company. 

        (g)   Vacation and Holiday Pay.    You will continue to accrue vacation and holiday benefits through the Retirement
Date, at which time you will have accrued 210.36 hours of unused vacation and holiday time for which you will be paid the gross amount of $30,340.38, subject to the provisions of
Section 4(i) below and provided further that you have nor used any of the 210.36 hours of accrual through the Retirement Date (which such use will be deducted from the gross
amount recited above). Thereafter, you shall not accrue or be entitled to any additional vacation benefits. You shall not be deemed to have used such vacation and holiday time unless you are
explicitly requested after April 5, 2006, with reasonable notice, to perform services for the Company and you fail to do so by virtue of a claim that you are using such accrued vacation or
holiday time. 

        (h)   No Other Pay or Benefits.    You acknowledge that the Company has previously paid all amounts payable to you
under all other compensation or reimbursement arrangements, if any. From and after the Retirement Date you shall have no right to compensation or benefits, including benefits accrual, beyond those
specifically provided for in this letter agreement. 

        (i)    Withholdings.    The Company may deduct from any and all payments described in this Section 2, and from
any other payments otherwise due to you under this letter agreement, such legally required withholdings, payments and/or deductions as may be required. 

        (j)    No Unemployment Application.    In consideration for the Company providing the payments and benefits set forth
in this Section 4, you agree never to apply for unemployment benefits in consequence of your employment with or separation from the Company. 

        5.     Releases. 

        (a)   General Release and Waiver.    In return for the payments and benefits provided to you as set forth in Sections
4(b), 4(d) and 4(f) above, you agree to execute (in accordance with the provisions of Section 13 below) the final and binding General Release and Waiver of All Claims (the "General Release and
Waiver") in the form attached hereto as Exhibit E to this letter agreement, said General Release and Waiver to include claims of age
discrimination and all other claims arising out of or relating to your application for employment with, hiring by, employment with, or changes in your employment status (including in any positions,
titles or offices you have held at any time during your employment) through the date you execute the General Release and Waiver. Notwithstanding the foregoing, the Company and you agree that the terms
of this letter agreement shall survive the General Release and Waiver and that claims to enforce the terms of this letter agreement are not discharged by said General Release and Waiver. 

        (b)   Supplemental General Release and Waiver.    In addition to the foregoing General Release and Waiver, and in
return for the payments and benefits provided to you as set forth in Section 4 above, you agree to execute (in accordance with the provisions of Section 13 below) the final and binding
Supplemental General Release and Waiver of All Claims (the "Supplemental Release and Waiver") in the form attached hereto as Exhibit F to this
letter agreement, said Supplemental Release and Waiver to encompass claims of age discrimination and all other claims 

4

 

arising
out of or relating to the Salary Continuation Period and the termination of your employment with the Company. Notwithstanding the foregoing, the Company and you agree that the terms of this
letter agreement shall survive the Supplemental Release and Waiver and that claims to enforce the terms of this letter agreement are not discharged by said Supplemental Release and Waiver. 

        6.     Return of Company Property and Retrieval of Personal Effects.    By no later than the close of business on
Friday, April 7, 2006, or such later date as the Company may agree, and in accordance with the requirements of the Confidentiality Agreement identified in Section 7 below: (i) you
will return to the Company, or at the Company's option, destroy all property of the Company, including without limitation all confidential and/or proprietary documents, information and property and
all tangible work product of the Company, and further including any keys, passwords, reference materials, books, software, Company documents and files, computers, computer peripherals, laptops, and
computer disks or files in your possession, custody or control; and (ii) you will retrieve from the Company all of your personal effects or, alternatively at your option, make arrangements with
the Company for the return to you of all of your personal effects. You hereby acknowledge and agree that you are not entitled to retain, and will not retain, any Company property or copies thereof. To
the extent the Company instructs you to destroy any of its property, you will submit an affidavit in a form to be provided by the Company, certifying that you have completed the destruction.
Notwithstanding anything contained herein, the Company will on the Retirement Date transfer to a personal account in your name your corporate cellular telephone and Blackberry accounts (exclusive of
access to Company voicemail and email), and you will be permitted to keep your Company-provided cellular telephone and Blackberry, including the telephone numbers for them as permitted by the relevant
carriers (for which decisions the Company shall not be responsible). In this regard, you understand and agree that all future costs and account charges associated with your continuing ownership of
your cell and Blackberry are your sole responsibility. In addition, the Company will also give to you, in substitution for a Dell laptop personally owned by you and left by you on the Company's
premises, the IBM ThinkPad computer currently in your office at CRA, with port replicator and keyboard but without an LCD monitor, and you hereby surrender your ownership of and all claim to the
return of the Dell laptop. 

        7.     Confidentiality.    You acknowledge and agree that you are bound in perpetuity by that certain Employee's
Invention, Confidentiality and Publication Agreement (the "Confidentiality Agreement") entered into between you and the Company on May 8, 2000, a true copy of which is attached hereto as  Exhibit D and incorporated herein by reference, and that, in accordance with the Confidentiality Agreement, you will not in any manner at any
time, including but not limited to following the Retirement Date, directly or indirectly, without the express prior written consent of the Company, disclose or use any Confidential Information of the
Company. 

        8.     Nondisparagement.    You agree not to make any statement, written or oral, which disparages the Company, its
directors, officers or employees, or its management, business or personnel practices. The Company and its executive officers agree not to take any action or make any statement, written or oral, which
disparages you. In addition, the Company agrees to instruct its directors not to take any action or make any statement, written or oral, which disparages you. The provisions of this Section 8
shall not apply to any truthful statement required to be made by you, or by the Company or its executive officers, in any legal proceeding, required filing pursuant to the securities laws, or pursuant
to any governmental or regulatory investigation. 

        9.     Covenant Not to Sue or Encourage Third Party Action.    Except as otherwise provided in this Section 9,
you represent and warrant that you have never commenced or filed, and covenant and agree never to commence, file, aid, solicit or in any way prosecute or cause to be commenced or prosecuted against
the Releasees (as defined in the General Release and Waiver and Supplemental Release and Waiver, and except as otherwise provided in said Releases and Waivers) the bringing of any legal proceeding or
the making of any legal claim against the Company by any state or federal agency or by 

5

 

any
applicant for employment, employee or former employee of the Company ("third party action"), and further you shall not reveal any information about the Company to be used for, and shall not
testify in, any third party action except as required to do so by properly issued subpoena and then only after giving the Company a reasonable opportunity to review any such subpoena and oppose the
giving of any such testimony. Notwithstanding the foregoing, the Company and you agree that this letter agreement will not affect the rights and responsibilities of the U.S. Equal Employment
Opportunity Commission, the Securities and Exchange Commission, or any other federal or state agency to enforce laws subject to such agencies enforcement authority, and further agree that this letter
agreement will not be used to justify interfering with your right to participate in an investigation or proceeding conducted by such agencies. You represent and warrant that you knowingly and
voluntarily waive all rights or claims arising prior to your execution of this letter agreement that you may have against the Releasees, or any of them, to receive any payment, benefit or remedial
relief as a consequence of an action brought on your behalf in any such agency and/or as a consequence of any litigation concerning any facts alleged in any such action. 

        10.   Cooperation.    Beginning on the Retirement Date, you agree for a period of three (3) years thereafter
reasonably to cooperate with the Company (and, as may be requested, testify or provide evidence on behalf of the Company) in any legal, administrative, regulatory or other proceeding in which the
Company is a party, fact witness, target or subject. To the extent you are asked to travel out of the Greater Boston Area in order to fulfill the foregoing obligations, the Company will reimburse you
for the reasonable out-of-pocket expenses which you may incur in connection with these obligations based on your submission of invoices documenting such expenses and will pay
reasonable attorneys' fees incurred in providing you with counsel in connection with any such cooperation, provided, however, that the selection of counsel and any reasonable caps on such fees shall
be determined by the Company. 

        11.   Remedies.    You acknowledge and agree that your obligations arising under Sections 7, 8, 9, 10 and 14(c) above
are of the essence to this letter agreement and that your material breach of any of these obligations, or of your obligations under the Confidentiality Agreement or the Non-Solicitation
Agreement, will terminate the Company's obligations to you under Section 4 of this letter agreement. Should you commit a material breach of any such obligations, you shall further be required
to pay back to the Company the full value of any benefit that you have derived under Section 4 above. 

        Notwithstanding
anything contained herein, you shall not be required to return or pay back to the Company the following payments and benefits guaranteed to you by your signed offer
letter agreement: the value of a one-month notice period (including but not limited to the 401K
contribution for said month); $150,000.00 in severance pay; benefits continuation for one year from the Retirement Date (which, in the event any such return hereunder shall be required, shall be
deemed to be April 20, 2006); and (subject to the provisions of Section 4(d) below) acceleration of vesting for one year from such Retirement Date. In addition, you shall not be required
to return or pay back to the Company the following payments and benefits provided or agreed to in connection with your employment or its termination: the $375,000.00 cash bonus under the 2005 Bonus
Plan; the twenty-five percent vesting of 2000 RSUs issuable in accordance with the 2006 Equity Incentive Plan; and the Company's Profit Sharing Plan contributions for fiscal 2005 and for
the calendar year 2005 stub period. The required return shall otherwise reach all payments and benefits resulting from the three month employment continuation period, reduced by the value of the one
month notice period. 

        You
further acknowledge and affirm that money damages cannot adequately compensate the Company for any breach by you of Sections 7, 8, 9 and 10 of this letter agreement or of the
Confidentiality Agreement or the Non-Solicitation Agreement, and that the Company is entitled to equitable relief in any Massachusetts or other court of competent jurisdiction to prevent
or otherwise restrain any actual or threatened breach of the provisions of such Sections or of the Confidentiality Agreement or the Non-Solicitation Agreement, and/or to compel specific
performance of, or other 

6

 

compliance
with, the terms of this letter agreement or the Confidentiality Agreement or the Non-Solicitation Agreement. 

        12.   Non-Assignment.    You warrant and represent to the Company that you have not heretofore assigned
or transferred or attempted to assign or transfer to any person any claim or matter recited in the General Release and Waiver or the Supplemental Release and Waiver, or any parts or portions thereof,
and agree to indemnify and hold harmless the Releasees from and against any claim, demand, damage, debt, liability, account, reckoning, obligation, cost, expense (including the payment of attorney's
fees and costs actually incurred whether or not litigation be commenced), lien, action and cause of action, based on, in connection with, or arising out of any such assignment or transfer or attempted
assignment or transfer. 

        13.   Representations and Recitals. You represent that:

        (a)   The Company has advised you to consult with an attorney of your choosing concerning the rights waived in this letter agreement. You have
carefully read and fully understand this letter agreement, and are voluntarily entering into this letter agreement and providing the General Release and Waiver attached hereto as  Exhibit E and the Supplemental Release and Waiver attached hereto as Exhibit F.
  

         (b)   You understand that you have at least 21 days to review this letter agreement, the General Release and Waiver, and the Supplemental Release and Waiver prior
to
their respective executions. If at any time prior to the end of the 21 day period, you execute this letter agreement and the General Release and Waiver, you acknowledge that such early
execution is a knowing and voluntary waiver of your right to consider this letter agreement and the General Release and Waiver for at least 21 days and is due to your belief that you have had
ample time in which to consider and understand this letter agreement and the General Release and Waiver and in which to review this letter agreement and the General Release and Waiver with an
attorney.  

        (c)   You understand that, for a period of seven (7) days after you have executed this letter agreement and the General Release and Waiver, and for a subsequent
period
of seven (7) days after you have executed the Supplemental Release and Waiver, you may revoke the letter agreement and the General Release and Waiver, and subsequently the Supplemental Release
and Waiver, by giving notice in writing of such revocation to the Company, c/o Chairman of the Board of Directors at the Company's headquarters, with a copy to Michele A. Whitham, Foley Hoag LLP,
Seaport World Trade Center West, 155 Seaport Boulevard, Boston, Massachusetts 02210. If at any time after the end of each seven-day period you accept any of the payments or benefits
provided by the Company as described in Section 2 of this letter agreement, such acceptance will constitute an admission by you that you did not revoke this letter agreement, the General
Release and Waiver, or the Supplemental Release and Waiver during the applicable revocation periods and will further constitute an admission by you that this letter agreement, the General Release and
Waiver, and the Supplemental Release and Waiver have become effective and enforceable.  

         (d)   You understand that the effect of the General Release and Waiver and of the Supplemental Release and Waiver is that you give up any rights you may have, in
particular
but without limitation, under the Federal Age Discrimination in Employment Act and the Massachusetts Law Against Discrimination (Mass. Gen. Laws ch. 151B, § 1 et
seq.). 

        (e)   You understand that you are receiving compensation and benefits pursuant to this letter agreement that you would not otherwise be entitled to if
you did not enter into this letter agreement and execute the General Release and Waiver that is Exhibit E hereto and the Supplemental Release and
Waiver that is Exhibit F hereto.

7

 

        14.   Miscellaneous.

        (a)   Successors and Assigns.    This letter agreement shall be binding upon and inure to the benefit of the
respective legal representatives, heirs, successors, assigns, and present and former employees and agents of the parties hereto to the extent permitted by law. 

        (b)   Attorneys Fees.    Each party shall bear his or its own attorney's fees and expenses. 

        (c)   Challenge to Validity of Agreement.    After the revocation period of seven (7) days described in
Section 13(c) of this letter agreement has expired, this letter agreement and the General Release and Waiver shall be forever binding. You acknowledge that you may hereafter discover facts not
now known to you relating to your hire, employment or cessation of employment, and agree that this letter agreement, the General Release and Waiver, and the Supplemental Release and Waiver shall
remain in effect notwithstanding any such discovery of any such facts. You shall not bring a proceeding to challenge the validity of this letter agreement, the General Release and Waiver, and the
Supplemental Release and Waiver. Should you do so notwithstanding this Section 14(c), you will first be required to pay back to the Company the payments and benefits received pursuant to
Section 4 hereof. 

        Notwithstanding
anything contained herein, you shall not be required to return or pay back to the Company the following payments and benefits guaranteed to you by your signed offer
letter agreement: the value of a one-month notice period (including but not limited to the 401K contribution for said month); $150,000.00 in severance pay; benefits continuation for one
year from the Retirement Date (which, in the event any such return hereunder shall be required, shall be deemed to be April 20, 2006); and (subject to the provisions of Section 4(d)
below) acceleration of vesting for one year from such Retirement Date. In addition, you shall not be required to return or pay back to the Company the following payments and benefits provided or
agreed to in connection with your employment or its termination: the $375,000.00 cash bonus under the 2005 Bonus Plan; the twenty-five percent vesting of 2000 RSUs issuable in accordance
with the 2006 Equity Incentive Plan; and the Company's Profit Sharing Plan contributions for fiscal 2005 and for the calendar year 2005 stub period. The required return shall otherwise reach all
payments and benefits resulting from the three month employment continuation period, reduced by the value of the one month notice period. 

        (d)   Governing Law.    This letter agreement shall be interpreted in accordance with and governed for all purposes
by the substantive laws and public policy of the Commonwealth of Massachusetts, without giving effect to its choice or conflict of law provisions. 

        (e)   Complete Agreement; Modification.    This letter agreement and the exhibits hereto recite the full terms of the
understanding between us, and supersede any prior oral or written understanding between us, relating to your employment with the Company or severance payments and benefits to be made or provided to
you following the termination of your employment with the Company (including the offer letter between you and the Company dated May 3, 2000), except the Non-Solicitation Agreement
and the Confidentiality Agreement, which shall remain in effect in accordance with its terms and are incorporated into this letter agreement by reference and attached hereto as  Exhibits A and D. This
letter agreement may be modified only in a writing signed by both parties. 

        (f)    Execution.    This letter agreement may be executed in one or more counterparts, each of which when so executed
shall be deemed to be an original, and all such counterparts together shall constitute but one and the same instrument. 

8

 

        Please note that you have 21 days to accept the offer set forth herein, and may revoke your acceptance within 7 days of signing as set forth in
Section 13(c) above, in which case this letter agreement (other than provisions 1 and 4, and the Confidentiality Agreement and Non-Solicitation) shall be null and
void.

	 	 	Very truly yours,
	

 	
 	

By:	

/s/  JAMES BURROWS      
 James Burrows

President and Chief Executive Officer

Agreed,
accepted and signed this 18th day

of April, 2006 under seal: 

	

/s/  J. PHILLIP COOPER      
 J. Phillip Cooper	
 	

 	

 

9

  

 
 

EXHIBIT A
  
    CRA INTERNATIONAL, INC.
  
    NON-SOLICIT / NON-HIRE AGREEMENT    
    

This
NON-SOLICIT / NON-HIRE Agreement is made as of May 3, 2000, by and between CRA International, Inc., a Massachusetts corporation ("CRA"), and J. Phillip
Cooper. For the purpose of this Agreement, the "Company" shall mean CRA and all affiliates of CRA who provide economic, financial or business consulting services, including subsidiaries and joint
ventures providing such services, as well as any other parties controlling, controlled by, or under common control with CRA to provide such services. 

In
consideration of your grant of options in CRA, as outlined in our offer letter to you dated May 3, 2000, you agree that, for one year after the date of termination of your employment at CRA: 

	(a)
	you
shall not directly or indirectly solicit, induce, attempt to hire, or hire any employee or consultant of the Company (or any other person who may have been employed or retained by
the Company during the 12-month period prior to your date of termination), or assist in such hiring by any other person or business entity or encourage any such employee or consultant to
terminate his or her employment or retention with the Company;

	(b)
	you
shall not directly or indirectly solicit, divert or take away, or attempt to divert or take away, from the Company the business or patronage of (i) any persons or entities
who were clients or accounts of the Company while you were employed by the Company or (ii) any prospective clients or accounts of the Company which the Company or any of its employees or
consultants had held substantive discussions with or submitted a proposal to while you were employed by the Company. The restrictions of this paragraph (b) shall (x) not apply with
respect to clients, if any, who you can demonstrate were your active clients prior to your employment by the Company and shall (y) not limit you from soliciting business directly or indirectly
from any Client in a line of business that the Company has affirmatively discontinued. 

BY
SIGNING THIS AGREEMENT BELOW, YOU ACKNOWLEDGE THAT YOU HAVE READ ALL THE PROVISIONS OF THIS AGREEMENT AND THAT YOU AGREE TO ALL OF ITS TERMS. 

	

 Name: J. Phillip Cooper

Date:	
 	

 	

 

	 	 	Accepted:
	

 	
 	
CRA International, Inc.
	

 	
 	

By:	

	

 	
 	

Its:	

10

 
 
 

EXHIBIT B    
    

[outstanding
options detail] 

11

 
 
 

EXHIBIT C    
    

 
  CRA INTERNATIONAL, INC.
  NON-COMPETITION AGREEMENT    
    

        This Non-Competition Agreement ("Agreement") is made as of this            day
of            200    by and between CRA
International, Inc., a Massachusetts corporation ("CRA") and                        ("Employee"). For the purposes of this
Agreement, the "Company" shall mean CRA and affiliates of CRA, including
subsidiaries providing such services, as well as any other parties controlling, controlled by, or under common control with CRA to provide such services. The term "Plan" shall mean the Company's 1998
Incentive and Nonqualified Stock Option Plan. 

1.     Introduction  

        The Company is an international economics, finance and business consulting firm that works with businesses, law firms, accounting firms and governments throughout
the world providing a wide range of services, which combine economic and financial analysis with expertise in litigation and regulation support, business strategy and planning, market and demand
forecasting, policy analysis and engineering and technology management. The Company also advises on economic, valuation and strategy issues related to intellectual property and commercial disputes.
The Company's clients are
businesses worldwide, their counsel, accountants and other professionals or consultants retained by those businesses, who seek the Company's expertise (collectively the "clients"). The Company's
business is worldwide with offices across North America, Europe, Asia Pacific and the Middle East. 

2.     Confidential Information  

        Employee, as a result of Employee's control and management of and active participation in the business of the Company, will be provided with and will develop
specialized knowledge of, and have access to, the Company's confidential, business and proprietary information (collectively "Confidential Information"), which shall include, but not be limited to,
technical data or know-how (including, but not limited to, information relating to research, products, software, models, services, development, inventions, personnel, clients, processes,
engineering, marketing, techniques, customers, pricing, internal procedures, business and marketing plans or strategies, finances; employees and business opportunities) and other related confidential
and proprietary information. 

        Employee
agrees that all Confidential Information and every portion thereof, however stored, compiled or collected and whether in tangible or intangible form, constitutes the valuable
intellectual property and intangible assets of the Company. Employee understands and acknowledges the importance of maintaining the security and confidentiality of the Confidential Information and
that during Employee's employment with the Company, Employee is likely to develop good will on behalf of the Company. Employee agrees to forever keep the Confidential Information and all documentation
and information relating thereto strictly confidential. 

3.     Stock Options  

        Employee has been offered participation in the Plan, which provides an opportunity to obtain options to purchase CRA stock, subject to certain terms, conditions
and restrictions pursuant to the Plan. Employee has received stock options as part of Employee's employment incentives and consideration. As a condition of the exercise of such
stock options and in order to implement and complete any exercise of such grant of options from the Company to Employee, Employee understands and acknowledges that Employee must, at the time of such
exercise, sign and deliver this Agreement (or, at the time of such exercise, such other similar Agreement that in the discretion of the Plan Administrator is required to comply with the
then-existing legal requirements) to the Plan Administrator, in addition to satisfying any other terms and conditions required under the Plan and  

12

 

 grant of such options. In the event that Employee seeks to exercise the grant of options at a time during which such exercise is permitted while Employee is not an Employee as
may be permitted under the Plan, the terms and conditions of this Agreement shall become effective and enforceable as if Employee were an Employee at the time of exercise. 

        Upon
receipt by the Plan Administrator of this signed Agreement, along with the notice to exercise under the grant of options pursuant to the grant
dated                        ,
200    for            incentive/nonqualified options (the "Grant"), and satisfaction of any other terms and conditions of the Plan and the Grant, the following terms and
conditions
will become immediately in full force and effect between Employee and the Company: 

4.     Non-Solicitation and Non-Hire  

        Employee understands that any agreements relating to the non-solicitation and nonhiring of persons affiliated with the Company entered into by and
between Employee and the Company remain in full force and effect. 

5.     Non-Competition  

        In addition to and without limiting the foregoing, during the course of Employee's employment and for a period of one (1) year following Employee's
termination of employment and/or association with the Company for any reason (collectively and hereinafter the "Restriction Period"), Employee agrees that Employee, directly or indirectly, shall not,
whether as owner, partner, shareholder, director, consultant, agent, employee, guarantor, surety or otherwise, or through any person, consult with, associate or in any way aid, deal or assist any
competitor of the Company or engage or attempt to engage in any employment, consulting or other activity, which competes, directly or indirectly, with the Business of the Company anywhere in the
Restricted Territory. For purposes of this Agreement, the Restricted
Territory shall be wherever the Company has provided services to its clients and ultimate clients (as defined below) in the two (2) years preceding' the Restriction Period, which includes any
country where the services were performed or delivered and in the geographic area where the Company has formulated written plans to open an office to provide its services. For purposes of this
Agreement, the term "employment" shall include the employment of Employee as an employee, consultant, agent, independent contractor or otherwise. For purposes of this Agreement, the Company's
"Business" is services, which combine economic and financial analysis with expertise in litigation and regulation support, business strategy and planning, market and demand forecasting, policy
analysis, engineering and technology management, and also includes advising on economic, valuation and strategy issues related to intellectual property and commercial disputes. 

        Employee
acknowledges that Employee's participation in the conduct of any such Business alone or with any person other than the Company will materially impair the business, goodwill and
prospects of the Company. 

        Employee
further agrees that for one (1) year after Employee's employment with the Company ends for any reason, Employee will not, individually, on behalf of or in concert with
others, solicit, call on or accept work from direct clients and/or ultimate clients with whom Employee had contact while employed by the Company. An "ultimate client" refers to any circumstance in
which the Company is retained on behalf of a representative or agent of a client. An example of such circumstance is the situation in which the Company is retained by a law firm to provide services on
behalf of the law firm (the "client") and the law firm's client (the "ultimate client"). 

        Employee
further agrees that for one (1) year after Employee's employment with the Company ends for any reason, Employee will not, individually, on behalf of or in concert with
others, solicit, contact or hire other employees of the Company. 

13

 

6.     Remedies  

        (a)   Employee
acknowledges and agrees that the non-competition provisions set forth herein are reasonable to protect the Company's legitimate business interest.
Employee hereby acknowledges and agrees that the Company's remedy at law for any breach of this Agreement would be inadequate and that for any breach the Company shall, in addition to other remedies
as may be available to it at law or equity, be entitled to an injunction, restraining order or other equitable relief restraining Employee or any entity Employee seeks to become associated with from
committing or continuing to commit any violation of this Agreement. 

        (b)   This
Agreement shall be governed by, construed and enforced in accordance with the laws of the Commonwealth of Massachusetts, without regard to conflicts of laws.
Employee also hereby irrevocably submits to the jurisdiction of the courts of the Commonwealth of Massachusetts and the courts of the United States of America located in the Commonwealth of
Massachusetts. Employee also hereby waives, to the fullest extent permitted by applicable law, any objection that Employee may now have or may have to the personal jurisdiction in the Commonwealth of
Massachusetts. 

        (c)   Employee
agrees that for purposes of any action initiated against Employee hereunder, service "of process may be effected by certified mail, return receipt requested, or
receipted overnight courier to the address specified in the notice provision below. 

7.     Miscellaneous  

        This Agreement may not be modified, other than in writing executed by the Chief Financial Officer of the Company, nor may any provision be waived other than in
writing executed by the Chief Financial Officer of the Company. The terms and conditions of this Agreement shall be supplemental of and in addition to any and all other provisions of any Agreements
that Employee has signed with the Company (the "Other Agreements"). To the extent that the Other Agreements contain a longer Restriction Period, such longer Restriction Period shall apply. 

8.     Severability  

        Wherever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of
this Agreement is, for any reason, held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability
will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision
had never been contained herein. 

9.     Assignability  

        Employee may not assign this Agreement. The Company has the right to assign this Agreement upon notice to Employee. 

10.   Notices  

        Any notice or other communication in connection with this Agreement shall be deemed to be delivered if in writing addressed to the addresses set forth below and
if (a) actually delivered (electronically or physically) at said addresses or directly to the Company or Employee or (b) in the 

14

 

case
of a letter, three (3) business days after deposit in the United States mail, postage prepaid and registered or certified, return receipt requested: 

        If
to Employee, to: 

        If
to the Company, to: 

CRA
International, Inc.

John Hancock Tower, T-33

200 Clarendon Street

Boston, MA 02116

Attn: Chief Financial Officer 

        Notice
of changes in address shall comply with these notice provisions. 

15

 

        IN
WITNESS WHEREOF, I,                        , REPRESENT AND AGREE THAT I HAVE CAREFULLY READ THIS AGREEMENT AND UNDERSTAND ALL OF
THE PROVISIONS OF THIS AGREEMENT AND I HAVE EXECUTED THIS
AGREEMENT UNDER SEAL. 

	
	 	 
	Employee's Signature

	 	 

	

Print Name:	

	
 	

 

	

Date:	

	
 	

 

16

 
 
 

EXHIBIT D    
    

[prior
Invention, Confidentiality, and Publication Agreement] 

17

  

 
 

EXHIBIT E    
    

 
  GENERAL RELEASE AND WAIVER OF ALL CLAIMS
  (INCLUDING AGE DISCRIMINATION IN EMPLOYMENT ACT CLAIMS)    
    

        In consideration of the payment, benefits and other agreements set forth in the letter agreement dated March 24, 2006, between CRA
International, Inc. ("the Company") and J. Phillip Cooper ("Cooper") (to which this General Release and Waiver Of All Claims is attached), Cooper, for himself and for his heirs, executors,
estates, agents, representatives, attorneys, insurers, successors and assigns (collectively, the "Releasors"), hereby voluntarily releases and forever discharges (i) the Company and its
divisions, subsidiaries (direct and indirect), and affiliated, related and joint venture companies; (ii) each of its and their predecessor and successor companies and assigns; (iii) in
their capacities as such, each of the Company's and its divisions' subsidiaries' (direct and indirect), affiliated, related and joint venture companies', and predecessor and successor companies'
present, former and future shareholders, directors, officers, employees, agents, representatives, attorneys and insurers; and (iv) as to each foregoing individual, his or her heirs, estates,
successors and assigns (collectively, the "Releasees") from all actions, causes of action, suits, debts, sums of money, accounts, covenants, contracts, agreements, promises, damages, judgments,
demands and claims which the Releasors ever had, or now have, or hereafter can, shall or may have, for, upon or by reason of any matter or cause whatsoever arising from the beginning of the world to
the date of the execution of this General Release and Waiver, whether known or unknown, in law or equity, whether statutory or common law, whether federal, state, local or otherwise, including but not
limited to claims arising out of or in any way related to Cooper's application for employment with, hiring by, employment with, or changes in employment status during the course of employment with the
Company (including but not limited to changes in any positions, titles or offices Cooper held at any time during his employment), or any related matters (including but not limited to claims, if any,
arising under the Age Discrimination in Employment Act of 1967, as amended, the Civil Rights Act of 1866, Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, as
amended, the Americans With Disabilities Act of 1990, as amended, the Family and Medical Leave Act of 1993, the Immigration Reform and Control Act of 1986, the Massachusetts Law Against Discrimination
(Mass. Gen. Laws ch. 151B§1 et seq.), the Massachusetts Payment of Wages Act, the Massachusetts Civil and Equal Rights Acts, and federal,
Massachusetts or local laws, statutes, ordinances and regulations, including common or constitutional law). Notwithstanding the foregoing, nothing in this General Release and Waiver is intended to or
does waive any rights Cooper may have to enforce the terms of the above-referenced letter agreement dated March 24, 2006. 

        Signed
and sealed this            day of                        , 2006.

	

 	
 	

 J. Phillip Cooper

18

 
 
 

EXHIBIT F    
    

 
  SUPPLEMENTAL GENERAL RELEASE AND WAIVER OF ALL CLAIMS
  (INCLUDING AGE DISCRIMINATION IN EMPLOYMENT ACT CLAIMS)    
    

        In consideration of the payment, benefits and other agreements set forth in the letter agreement dated March 24, 2006, between CRA
International, Inc. ("the Company") and J. Phillip Cooper ("Cooper") (to which this General Release and Waiver Of All Claims is attached), Cooper, for himself and for his heirs, executors,
estates, agents, representatives, attorneys, insurers, successors and assigns (collectively, the "Releasors"), hereby voluntarily releases and forever discharges (i) the Company and its
divisions, subsidiaries (direct and indirect), and affiliated, related and joint venture companies; (ii) each of its and their predecessor and successor companies and assigns; (iii) in
their capacities as such, each of the Company's and its divisions' subsidiaries' (direct and indirect), affiliated, related and joint venture companies', and predecessor and successor companies'
present, former and future shareholders, directors, officers, employees, agents, representatives, attorneys and insurers; and (iv) as to each foregoing individual, his or her heirs, estates,
successors and assigns (collectively, the "Releasees") from all actions, causes of action, suits, debts, sums of money, accounts, covenants, contracts, agreements, promises, damages, judgments,
demands and claims which the Releasors ever had, or now have, or hereafter can, shall or may have, for, upon or by reason of any matter or cause whatsoever arising from the beginning of the world to
the date of the execution of this General Release and Waiver, whether
known or unknown, in law or equity, whether statutory or common law, whether federal, state, local or otherwise, including but not limited to claims arising out of or in any way related to Cooper's
application for employment with, hiring by, employment with, changes in employment status during the course of employment (including but not limited to changes in any positions, titles or offices
Cooper held at any time during his employment), or termination from employment with the Company, or any related matters (including but not limited to claims, if any, arising under the Age
Discrimination in Employment Act of 1967, as amended, the Civil Rights Act of 1866, Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, as amended, the Americans With
Disabilities Act of 1990, as amended, the Family and Medical Leave Act of 1993, the Immigration Reform and Control Act of 1986, the Massachusetts Law Against Discrimination (Mass. Gen. Laws ch.
151B§1 et seq.), the Massachusetts Payment of Wages Act, the Massachusetts Civil and Equal Rights Acts, and federal, Massachusetts or local
laws, statutes, ordinances and regulations, including common or constitutional law). Notwithstanding the foregoing, nothing in this General Release and Waiver is intended to or does waive any rights
Cooper may have to enforce the terms of the above-referenced letter agreement dated March 24, 2006. 

        Signed
and sealed this 20th day of June, 2006. 

	

 	
 	

 J. Phillip Cooper

19

QuickLinks

EXHIBIT A CRA INTERNATIONAL, INC. NON-SOLICIT / NON-HIRE AGREEMENT

EXHIBIT B

EXHIBIT C

CRA INTERNATIONAL, INC. NON-COMPETITION AGREEMENT

EXHIBIT D

EXHIBIT E

GENERAL RELEASE AND WAIVER OF ALL CLAIMS (INCLUDING AGE DISCRIMINATION IN EMPLOYMENT ACT CLAIMS)

EXHIBIT F

SUPPLEMENTAL GENERAL RELEASE AND WAIVER OF ALL CLAIMS (INCLUDING AGE DISCRIMINATION IN EMPLOYMENT ACT CLAIMS)

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