Document:

Employment Offer Letter between the Company and Marcia Zander

 Exhibit 10.20 
  
 NETLOGIC LETTERHEAD 
  
 June 7, 1999 
  
 Marcia Zander 
 [address] 
  
 Dear Marcia, 

 
 NetLogic Microsystems LLC (the “Company” or
“NetLogic”) is pleased to offer you employment on the following terms: 
  
 1. Position. You will serve in a full-time capacity as the Vice President of Sales of the Company. You will report to Norman Godinho, President and CEO of the Company. You will be responsible for all the sales
functions of the Company, which includes bookings for NetLogic’s products and working with the Marketing, Operations and Product Development groups, in order to achieve the Company’s revenue and profit goals. You will also be responsible
for managing the Company’s sales representative organizations and adding sales representatives, both domestic and international, in those areas in which NetLogic does not currently have representation. NetLogic’s Eastern Regional Sales
Manager, Steve Tacey, will report to you. By signing this letter agreement, you represent and warrant to the Company that you are under no contractual commitments inconsistent with your obligations to the Company. 
  
 2. Salary. You will be paid a salary at the annual rate of $160,000
from your employment start date through the end of Fiscal Year 2000 (FY00), (which ends on April 30, 2000), payable in bi-weekly installments in accordance with the Company’s standard payroll practices for salaried employees. You will also
receive a bonus of $7,500 per quarter starting from the second quarter (August, September, October, 1999) of FY00 based on the achievement of specified goals to be agreed upon by you and your supervisor. Assuming you commence your employment with
NetLogic on or before July 6, 1999, you will receive an additional $2,500 after the end of the second quarter of FY00. In addition, you will be entitled to a commission of two (2) percent of NetLogic’s product revenues (excluding revenues
relating to licensing of the Company’s technology) (hereafter referred to as “Product Revenues”) for the balance of FY00. Your total cash compensation for FY00 will have a cap of $250,000. 
  
 You will be paid a salary at the annual rate of $170,000 in FY01 (which
starts on May 1, 2000), payable in bi-weekly installments in accordance with the Company’s standard payroll practices for salaried employees. You will also receive a bonus of $5,000 per quarter in FY01, based on the achievement of specified
goals to be agreed upon by you and your supervisor. In addition, you will be entitled to a commission of one percent (1%) for the first five million (5M) dollars of NetLogic’s Product Revenues for FY01 plus one half percent (0.5%) of the
balance of the Company’s Product Revenues for FY01. Your total cash compensation for FY01 will have a cap of $300,000. 

 You will be paid a salary at the annual rate of $180,000 in FY02 (which starts on May 1, 2001), payable
in bi-weekly installments in accordance with the Company’s standard payroll practices for salaried employees. You will also receive a bonus of $5,000 per quarter in FY02, based on the achievement of specified goals to be agreed upon by you and
your supervisor. In addition, you will be entitled to a commission of one half percent (0.5%) for the first fifteen million (15M) dollars of NetLogic’s Product Revenues for FY02, plus four tenths percent (0.4%) of the balance of the Product
Revenues for FY02. Your total cash compensation for FY02 will have a cap of $350,000. 
  
 The bonus and commission will be paid no later than the date of the second payroll after the end of each fiscal quarter. After FY02, your salary will be subject to adjustment pursuant to the Company’s employee
compensation policies in effect from time to time. 
  
 NetLogic
will make an $800 per month lease payment for your car and will also reimburse you for the insurance, gas/wash, license and maintenance expenses, which you have estimated to amount to an additional $400 per month. NetLogic will also pay your monthly
cellular phone expenses for business use. The car and cell phone payments are negotiated benefits associated with the position of the VP of Sales position. 
  
 3. Stock Options. You will be granted an option to purchase three hundred thousand (300,000) of the Company’s Class 2 membership units (the
“units”), which has been approved by the Company’s Board of Directors. The exercise price per unit will be equal to the fair market value per unit on the date the option is granted, which is your first day of employment. The option
will be subject to the terms and conditions applicable to options granted by the Board and as described in the applicable membership interest purchase agreement. The option will be immediately exercisable, but the purchased units will be subject to
repurchase by the Company at the exercise price in the event that your service terminates before you are fully vested in the units. You will vest in twenty five percent (25%) of the units after one (1) year of continuous service and the remainder of
the units will vest in equal monthly installments thereafter, with all of the units vested after forty eight (48) months of continuous service, as described in the applicable membership interest purchase agreement. The Company will loan you the
money to purchase the units, if you so wish, with a four (4) year note bearing an interest rate of 6% per annum compounded semi-annually and pledged by your NetLogic stock. 
  
 You will be granted an additional option for fifty thousand (50,000) units at the end of your first year at NetLogic,
subject to achieving mutually agreed upon goals with your Supervisor. You will vest in twenty five percent (25%) of the units after one year, measured from the date of grant (which will be your first anniversary of employment at NetLogic), with the
remainder to vest in equal monthly installments thereafter, as described above. The option price will be the fair market price at the time of the grant. 
  
 4. Termination. In the event that you are terminated by NetLogic involuntarily for any reason other than “cause” (as defined below), you
will receive six (6) months of your base salary plus any earned commissions prorated and payable when otherwise due, according to NetLogic’s standard payroll practices. In addition, if you are terminated by NetLogic involuntarily, you will be
given two years to repay the loan for the stock which you will have vested at the time of your termination. The Company will pay your insurance premium for up to three (3) months of continued health insurance to the extent that you are eligible for
and elect COBRA coverage. This termination clause is valid for four years from your employment start date and is binding on any company that may acquire 
  

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 NetLogic during this period. You will not be entitled to the above termination benefits should you be terminated for
“cause”. 
  
 “Cause” is defined as
employee’s deliberate and consistent refusal to perform employee’s duties or deliberate and consistent refusal to conform to or follow any reasonable policy adopted by the Company’s Board of Directors, employee’s unauthorized use
or disclosure of the confidential information or trade secrets of the Company, employee’s conviction of a felony under the laws of the United States or any state thereof, or employee’s gross misconduct. In the event there are performance
issues, employee will be given written notice of the issues and an opportunity to correct the stated issues. 
  
 5. Agreement Regarding Confidentiality and Inventions. Like all Company employees, you will be required, as a condition to your employment with the
Company, to sign the Company’s standard Agreement Regarding Confidentiality and Inventions, a copy of which is attached hereto as Exhibit A. 
  
 6. Period of Employment. Your employment with the Company will be “at will”, meaning that either you or the Company will be entitled to
terminate your employment at any time and for any reason, with or without cause. Any contrary representations which may have been made to you are superseded by this offer. This is the full and complete agreement between you and the Company on this
term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express
written agreement signed by you and the CEO of the Company, with the approval of the Board of Directors. However, in the event you are terminated involuntarily without “Cause”, you will be entitled to the benefits stated in
Section6/Termination. 
  
 7. Outside Activities. While you
render services to the Company, you will not engage in any other gainful employment, business or activity without the written consent of the Company. While you render services to the Company, you also will not assist any person or organization in
competing with the Company, in preparing to compete with the Company or in hiring any employees of the Company. 
  
 8. Withholding Taxes. All forms of compensation referred to in this letter are subject to reduction to reflect applicable withholding and payroll
taxes. 
  
 9. Entire Agreement. This letter and the Exhibit
attached hereto contain all of the terms of your employment with the Company and supersede any prior understandings or agreements, whether oral or written, between you and the Company. 
  
 10. Amendment and Governing Law. This letter agreement may not be amended or modified except by an express written
agreement signed by you and the CEO of the Company, with the approval of the Board of directors. The terms of this letter agreement and the resolution of any disputes will be governed by California law. 
  
 We hope that you find the foregoing terms acceptable. You may indicate your
agreement with these terms and accept this offer by signing and dating both the enclosed duplicate original of this letter and the enclosed Proprietary Information and Inventions Agreement and returning them to us. As required by law, your
employment with the Company is also contingent upon your providing 
  

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 legal proof of your identity and authorization to work in the United States. This offer, if not accepted, will expire at
the close of business on Wednesday, June 9, 1999. 
  
 We look
forward to having you join us on or before Tuesday, July 6, 1999. 
  
 If you have any further questions, please discuss these with us. 
  
 Very truly yours, 
  

	
	
	 /s/    Norman Godinho

	 Norman Godinho
 President and CEO

  
  
 I have read and accept this employment offer: 
  
  

	
	 
	
	/s/    Marcia Zander
	

	 Marcia Zander
 Dated: June 7, 1999
 Attachment
 Exhibit A: Agreement Regarding Confidentiality and
Inventions.

  

 4Employment offer letter between the Company and Donald Witmer

 Exhibit 10.21 
  
 NETLOGIC LETTERHEAD 
  
 December 5, 2003 
  
 Don Witmer 
 [address] 
  
 Dear Don: 
  
 I am pleased to offer you employment with NetLogic Microsystems, Inc. (“NetLogic”).
This letter sets forth the terms and conditions of your employment with NetLogic. To be certain that you understand and agree with the terms of this employment offer, please review this letter, which you will need to sign as a condition of
employment. If you choose to accept this offer, sign and date this letter and the attached agreements where indicated, and return them to me by no later than December 10, 2003. This offer is conditioned upon your presenting evidence of your
authorization to work in the United States and your identity sufficient to allow NetLogic to complete the Form I-9 required by law. In the event your employment needs visa sponsorship, your employment is contingent upon you receiving the appropriate
visa petitions through the appropriate Unites States immigration authorities. 
  
 Position: Your position will be Vice President and Chief Financial Officer initially reporting to Ronald S. Jankov, President and CEO. Your primary responsibilities will be those normally associated with the position of Vice
President and Chief Financial Officer as well as such other duties as may be assigned to you from time to time. This is a full-time position and NetLogic expects and requires that you will perform your assigned duties to the best of your ability and
faithfully observe your obligations to NetLogic. From time to time, NetLogic may impose additional or more specific work rules for you. By accepting this offer of employment, you represent and agree that you are under no obligation, contractual or
otherwise, inconsistent with the obligations to NetLogic you are assuming. 
  
 Start Date: Your first day of employment will be January 13, 2003, unless you and I later agree in writing to a different start date. 
  
 Base Salary: Your annual base salary will be One Hundred Eighty Thousand Dollars ($180,000.00). Your base salary will be reviewed from time to time by NetLogic to
determine whether, in NetLogic’s judgment, your base salary should be changed. Your base salary will be paid in accordance with NetLogic’s normal payroll procedures and will be subject to applicable withholding required by law. 

 
 Stock Options: Subject to the action of NetLogic’s Board of Directors, you
will be granted an option to purchase Six Hundred Thousand (600,000) shares of NetLogic’s Common Stock (“the Stock Option Grant”). The terms and conditions of the Stock Option Grant, including the exercise price and the vesting
schedule, will be set out in a stock option agreement that will be executed by you and NetLogic at the time the grant is made and will be subject to and governed by the terms of the applicable stock option plan adopted by the Board of Directors.

  

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 The stock option agreement for the Stock Option Grant will also include the following: 
  
 In the event of a Change of Control occurring prior to the
termination of Optionee’s Continuous Service Status, in which the outstanding Options are not assumed by the successor corporation, the vesting of the options shall be accelerated by 24 months (measured from the date of the Change of Control)
such that all Options that would have become vested during the 24-month period subsequent to the date of the Change of Control (assuming the Optionee’s Continuous Service Status) but for such Change of Control will so vest as of the effective
date of such Change of Control. 
  
 In addition,
following a Change of Control, in which the options have been assumed by the successor corporation as of the date thereof, in the event of Optionee’s Involuntary Termination of employment within 24 months after the effective date of the Change
of Control the vesting of the assumed Options shall be accelerated such that all Options that would have become vested during such 24-month period but for the Change of Control and Involuntary Termination (assuming the Optionee’s Continuous
Service Status) will so vest as of the effective date of such Termination. For purposes of this Agreement, an “Involuntary Termination” is one that occurs by reason of dismissal for any reason other than Misconduct or of voluntary
resignation following: (i) a change in position that materially reduces the level of Optionee’s responsibility, (ii) a material reduction in Optionee’s base salary, or (iii) relocation by more than 50 miles; provided that (ii) and (iii)
will apply only if Optionee has not consented to the change or relocation. 
  
 “Misconduct” shall mean the commission of any act of fraud, embezzlement or dishonesty by Optionee, any unauthorized use or disclosure by such person of confidential information or trade secrets of the
Company (or any Parent or Subsidiary), or any other intentional misconduct by such person adversely affecting the business affairs of the Company (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed to be
inclusive of all the acts or omissions which the Company (or any Parent or Subsidiary) may consider as grounds for the dismissal or discharge of any Optionee or other person in the employment of the Company (or any Parent or Subsidiary). 

 
 “Change of Control” shall have the meaning set forth in the
NetLogic Microsystems, Inc. 2000 Stock Plan, which is “a sale of all or substantially all of the Company’s assets, or any merger or consolidation of the Company with or into another corporation, other than a merger of consolidation in
which the holders of more than 50% of the shares of capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by the voting securities remaining outstanding or by their being converted into voting
securities of the surviving entity) more than 50% of the total voting power represented by the voting securities of the Company, or such surviving entity, outstanding immediately after such transaction.” 
  

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 Nothing in this provision or the provisions in the stock option agreement will alter the at-will nature
of your employment, or limit in any way the acts or omissions that NetLogic may consider as grounds for termination of your employment. 
  
 Separation Package: If NetLogic terminates your employment for other than Misconduct within six (6) months after replacing Mr. Ronald Jankov with a new Chief
Executive Officer, NetLogic will provide you with the following separation package: (i) six (6) months salary; and (ii) twelve (12) months acceleration for any options granted you by the time of your termination. If NetLogic terminates your
employment for other than Misconduct within six (6) months and one day and twelve (12) months after replacing Mr. Ronald Jankov with a new Chief Executive Officer, NetLogic will provide you with the following separation package: (i) three (3) months
salary; and (ii) six (6) months acceleration for any options granted you by the time of your termination. 
  
 In order to receive the separation package described in this section, you will need to execute a Separation Agreement and General Release (“Agreement”) and comply with the terms of the Agreement, including
that you will: 
  
 (a) release and forever
discharge NetLogic, and any successor corporation, from any and all claims, rights, demands, actions, obligations, liability and causes of action, whether asserted or whatsoever, known or unknown, which you have or had against NetLogic, and any
successor corporation, from the beginning of time until the date of execution of this Agreement (collectively referred to as “Claims”); and 
  
 (b) release, acquit and forever discharge NetLogic, and any successor corporation, from and against any Claims arising from or in any way
connected with or relating to: (i) your employment with NetLogic, and any successor corporation, or the termination of your employment with NetLogic, and any successor corporation,, (ii) claims arising under any state or federal statute regarding
employment discrimination or termination, including but not limited to Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the California Fair Employment and Housing Act, the California Labor Code, the Worker
Adjustment and Retraining Notification Act (WARN), and the Americans with Disabilities Act, (iii) claims for wrongful discharge, unjust dismissal, or constructive discharge, (iv) claims for breach of any alleged oral, written or implied contract of
employment, (v) claims for salary or severance payments other than those set forth in the Agreement, (vi) claims for employment benefits, except as set forth in the Agreement; (vii) claims for attorneys’ fees, costs, and damages of all types,
and (viii) any other claims under federal, state or local statute, law, rule or regulation. 
  
 Conflicting Activities: While employed by NetLogic you may not work as an employee or consultant of any other organization or engage in any other activities which conflict or interfere with your obligations to
NetLogic, without the express prior written approval of NetLogic’s CEO. It is understood that you will not be employed by any other person or organization when you commence employment with NetLogic. 
  
 At-Will Employment: Your employment with NetLogic is for no specified duration and is
at the will of both you and NetLogic, which means that either you or NetLogic may end the employment relationship at any time for any reason, with or without notice. The at-will nature of your employment may not be altered by any policy, practice,
or representation of NetLogic, but only by a written agreement expressly modifying or waiving it, signed both by you and NetLogic’s CEO. 
  

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 Reimbursements: You will be reimbursed on a regular basis for reasonable, necessary and properly documented
business and travel expenses incurred for the purpose of conducting NetLogic’s business, in accordance with Company policy. 
  
 Benefits: You will be eligible to participate in any employee benefit plans or programs maintained or established by NetLogic to the same extent as other employees
at your level within NetLogic, subject to the generally applicable terms and conditions of the plan or program in question and the determination of any committee administering such plan or program. 
  
 Confidential Information and Inventions: Your employment is conditioned upon your
execution, return of and adherence to the Company’s standard Proprietary Information and Inventions Agreement, a copy of which is attached as Exhibit A. 
  
 Third Party Information: You agree that you will not, during your employment with NetLogic, improperly use or disclose any proprietary information or trade secrets
of any former or concurrent employer or other person or entity and that you will not bring onto the premises of NetLogic any unpublished document or proprietary information belonging to any such employer, person or entity unless consented to in
writing by such employer, person or entity. 
  
 Arbitration: You and
NetLogic agree to submit all disputes concerning this offer letter agreement or dealing with or arising out of your employment with NetLogic to final and binding arbitration under the arbitration policy contained in NetLogic’s employee
handbook. 
  
 Miscellaneous: This letter agreement is to be governed
by California law, without respect to California’s choice of law provisions. This agreement, together with the attached Proprietary Information and Inventions Agreement, is the sole and entire agreement between you and NetLogic with respect to
the subject of your employment and supersedes all prior or contemporaneous agreements or negotiations on that subject. This agreement may not be modified except in a writing signed by the CEO of NetLogic and you. The unenforceability of any
provision of this letter agreement will not affect the validity or enforceability of any other provision of the agreement. This letter agreement may be executed in two or more counterparts, which together will constitute the entire agreement.

  
 Sincerely, 
  

	
	 /s/    Ronald S. Jankov

	
	 Ronald S. Jankov

	 President and CEO

  
 I have reviewed and understand the
terms and conditions set forth in this letter and agree to them. 
  

					
	 Dated: Dec 5, 2003
	 	 	 	 /s/    Don Witmer

	 	 	 	 	

	 	 	 	 	Don Witmer

  
 Enclosures. 
  

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