Document:

exv10w15a

 

Exhibit 10.15A

FLUIDIGM CORPORATION

STOCK REPURCHASE AGREEMENT

     This agreement is made this 10th day of April 2008, between Fluidigm Corporation, a
Delaware corporation (the “Company”) and Gajus V. Worthington (the “Founder”).

Recitals

     WHEREAS, the Company and the Founder are parties to that certain Employee Loan Agreement (the
“Loan Agreement”), Secured Promissory Note (the “Note”) and Stock Pledge Agreement (the “Pledge
Agreement” and together, the “Loan Agreements”), each dated January 20, 2004, pursuant to which the
Company loaned the Founder $250,000 at an interest rate of 3.52% per annum (the “Loan”);

     WHEREAS, the Loan is secured pursuant to the Pledge Agreement by 833,334 shares of the
Company’s common stock;

     WHEREAS, the Founder desires to repay the Loan in connection with the initial public offering
of the Company’s common stock in accordance with Section 2.2(d) of the Note by selling 90,913
shares of Company common stock (the “Shares”) held by the Founder to the Company at purchase price
of $3.19 per share (the “Share Price”);

     WHEREAS, the Share Price was agreed to pursuant to an independent valuation report received by
the Company and prepared by VRC, with a valuation date of April 9, 2008, in which it determined the
fair market value of the Company’s common stock to be $3.19 per share.

     WHEREAS, the Company desires to accept repayment of the Loan by repurchasing the Shares at the
Share Price from the Founder and canceling the Note pursuant to the terms and conditions contained
in this Agreement and the Loan Agreements.

Agreement

     NOW THEREFORE, in consideration of the mutual promises made herein, the parties agree as
follows:

     1. Stock Repurchase. Upon the Closing Date (as defined below), the Company hereby
agrees to repurchase from the Founder, and the Founder hereby agrees to sell to the Company, the
Shares, at the Share Price and for an aggregate repurchase price specified in Section 2 below.

     From and after the payment of the repurchase price by the Company in the manner set forth in
Section 2 below, the Founder’s rights as a stockholder with respect to the Shares, including
without limitation the right to vote or receive cash or stock dividends, shall cease. Upon payment
in full of such repurchase price as specified in Section 2 below, the Shares shall be retired and
eliminated from the shares which the Company shall be authorized to issue.

     2. Closing. The closing of the sale and purchase of the Shares (the “Closing”) shall
be on April 10, 2008 or on such other date as the parties may agree (the “Closing Date”). At or
before the Closing, the Founder shall deliver the stock certificate representing the Shares, duly
endorsed on the reverse side for transfer to the Company, and the Company shall deliver payment to
the Founder of the aggregate repurchase price of $290,014.38 by canceling and delivering the Note
marked “canceled” in the principal amount of $250,000, plus $40,014.38 as of April 10, 2008 in
accrued interest.

 

 

     3. Release. In exchange for the repurchase of the Shares described above, the Company
hereby releases you from all obligations under the Loan Agreements. The Company acknowledges that
the Note has been repaid in full and has been canceled.

     4. Founder’s Representations.

          4.1. The Shares are duly authorized, validly issued and are fully paid and non-assessable.
Founder is the sole owner of the Shares, and has good and marketable title to the Shares free and
clear of any security interests, liens or encumbrances other than (i) joint ownership of the Shares
with Founder’s spouse; (ii) a right of first refusal and repurchase rights in favor of the Company
entered into in connection with the purchase of the Shares; and (iii) the Stock Pledge Agreement in
favor of Company’s securing the Note. The Shares are fully vested.

          4.2. Founder represents and warrants that the Founder has had the opportunity to consult with
his own tax, legal and investment advisors regarding the sale of the Shares to the Company.
Founder represents that he is familiar with the Company’s business and financial conditions by
virtue of position with the Company and has the capacity to protect his own interests in connection
with the repurchase of the Shares. Founder acknowledges that the Share Price is fair and equitable
to him. In addition, Founder acknowledges that the Company may effect an initial public offering
or other financing in the future, and such financing may be at a price substantially greater than
the Share Price. Founder acknowledges that this Agreement does not confer upon Founder any right
with respect to continuing as an employee or other service provider of the Company, nor will it
interfere in any way with the Founder’s right or the Company’s right to terminate such relationship
at any time, with or without cause, to the extent permitted by applicable laws. Founder
acknowledges that the Company has no obligation (past, present or future) to issue to Founder any
shares of the Company’s capital stock. Founder agrees that this Agreement represents a negotiated
transaction and that no offering was conducted by the Founder in connection herewith.

     5. General Provisions.

          A. This Agreement shall be governed, construed and enforced in accordance with the laws of the
state of California, except with respect to its choice of law provisions. In the event that any
provision of this Agreement becomes or is declared by a court of competent jurisdiction to be
illegal, unenforceable, or void, this Agreement shall continue in full force and effect without
such provision.

          B. This Agreement represents the entire agreement between the parties with respect to the
repurchase of the Shares by the Company from the Founder and supersedes any prior or concurrent
representations or agreements with respect to such repurchase and the repayment of the Note. This
Agreement may only be modified or amended by a writing signed by both parties.

          C. The Company and Founder agree upon the request of either party to execute such further
documents or instruments as may be necessary or desirable to carry out the purposes and intent of
this Agreement.

          D. This Agreement may be executed in any number of counterparts, each of which shall be an
original, but all of which together shall constitute one instrument.

[Signature Page Follows]

 

 

     IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the first date above.

	 	 	 	 	 	 	 
	"COMPANY”	 	 	 	"FOUNDER”
	 
	 	 	 	 	 	 
	FLUIDIGM CORPORATION	 	 	 	 
	 
	 	 	 	 	 	 
	By:

	 	/s/ Vikram Jog
	 	By:
	 	/s/ Gajus V. Worthington
	 

	 	 
	 	 	 	 
	 

	 	Vikram Jog

Chief Financial Officer
	 	 	 	Gajus V. Worthingtonexv10w16

 

Exhibit
10.16

January 29, 2008

Vikram Jog

914 Lundy Lane

Los Altos, California 94024

Dear Vikram:

     I am pleased to offer you a position with Fluidigm Corporation (the “Company”) as Chief
Financial Officer reporting to me commencing no later than Tuesday, February 19, 2008. You will
receive a semi-monthly salary of $11,583.34 (equivalent to an annual salary of $278,000.00) less
deductions required by law, which will be paid in accordance with the Company’s normal payroll
procedures.

     In addition, you will receive a $20,000 signing bonus (subject to all applicable federal and
state taxes and to full repayment if you terminate your employment with Fluidigm prior to your
one-year anniversary) with your first payroll.

     You will be eligible to participate in the Company’s executive annual bonus program which is
based on achievement of targets or performance criteria as may be specified by the Board. The terms
and conditions of the executive annual program may be amended or varied from time to time at the
sole discretion of the Board. The projected annual bonus for 2008 is estimated to be a maximum of
35% of the employee’s annual base salary, subject to all applicable federal and state taxes,
payable on February 13, 2009 and pro-rated on a monthly basis, if less than 12 months’ service as
of December 31st, 2008. The primary principle for payout of variable cash bonus is “pay
for performance.” Bonuses for executives will be 35% at 100%o of plan, payable as follows:

	 	•	 	80% of bonus is for meeting corporate goals.
	 
	 	•	 	20% of bonus is for meeting departmental goals.
	 
	 	•	 	The bonus will begin to be paid at meeting 80% of plan.

     At the next Board meeting, or at the next committee meeting with requisite authorization,
after you become an employee of the Company, the Company will grant you an option to purchase up
to 500,000 shares of the Common Stock of the Company, at an exercise price equal to the fair
market value of the shares at that time. 1/4th of said options will vest and become exercisable
one year after the commencement of your employment with the Company
and an additional 1/48th of
said options will vest and become exercisable at the end of each month after said one year
period. These options will be subject to Board approval and the terms of the Company’s stock
option plan.

     Furthermore, at the same board meeting, or at the next committee meeting with requisite
authorization, the Company will grant you additional options to purchase (i) 50,000 shares of the
Common Stock of the Company, at an exercise price equal to the fair market value of the shares

Fluidigm Corporation

7000 Shoreline Court, Suite 100, South San Francisco, California 94080 tel: 650.266.6000 fax: 650.871.7152 www.fluidigm.com

 

 

at that time. These options will vest at the end of 2008 in conjunction with the company
achieving its corporate goals (see Corporate Goals in the attached appendix A), and (ii) 50,000
shares of the Common Stock of the Company, at an exercise price equal to the fair market value of
the shares at that time. These options will vest on the earlier of (a) achievement of
departmental goals so long as the goals are achieved in 2008 (see Departmental Goals in the
attached appendix A), or (b) December 31, 2011. Pay-out for partial achievement of goals will be
at the discretion of the Compensation Committee. Goals can also be adjusted with approval by the
CEO and the Compensation committee.

     You are eligible to receive the Company’s standard benefits package which includes medical,
dental, vision, life and disability insurance benefits. Additional benefits, as the company may
make generally available to its employees from time to time, will be made available to you. You
will be entitled to 4 weeks paid vacation each year and such paid holidays as the Company gives
to its employees generally.

     You should be aware that your employment with the Company is for no specified period and
constitutes at-will employment. As a result, you are free to resign at any time, for any reason
or for no reason. Similarly, the Company is free to conclude its employment relationship with you
at any time, with or without cause.

     Your employment contract will also contain certain change of control and termination without
cause provisions, summarized below:

	 	•	 	Termination “Without Cause” prior to a change of control
results in: (i) 6 months severance paid as salary continuation, plus (ii) up
to 6 months of reimbursement for COBRA expenses.
	 
	 	•	 	Termination “Without Cause” after 12 months following a
change of control results in: (i) 6 months severance paid as salary
continuation, plus (ii) up to 3 months of reimbursement for COBRA expenses.
	 
	 	•	 	Termination “Without Cause” or for “Good Reason” within 12
months following a change of control results in: (i) 6 months severance paid
in lump sum, plus (ii) acceleration of all unvested options and restricted
stock, and (iii) up to 6 months of reimbursement for COBRA expenses.
	 
	 	•	 	If benefits are subject to 280G parachute payment excise
taxes, then the executive will receive the “best of (i) the benefits
delivered in full and subject to the excise tax, or (ii) reduced benefits
such that no excise tax is applied.
	 
	 	•	 	In the case of (i) death, (ii) disability, (iii) termination
for cause, or (iv) termination that is voluntary and is not for Good Reason
within 12 months of a change of control, then the executive gets no
severance, and only salary and other employee benefits that are owing and due
through date of termination of employment.

Fluidigm Corporation

7000 Shoreline Court, Suite 100, South San Francisco, California 94080 tel: 650.266.6000 fax: 650.871.7152 www.fluidigm.com

-2-

 

     Notwithstanding the above, the final language and provisions of change of control clauses of
your employment contract are subject to Board approval.

     For purposes of federal immigration law, you will be required to provide to the Company
documentary evidence of your identity and eligibility for employment in the United States. Such
documentation must be provided to us within three (3) business days of your date of hire, or our
employment relationship with you may be terminated.

     You understand that as a condition of your employment you will be required to sign the
Company’s standard proprietary information agreement which the Company will be providing you with
shortly.

     To indicate your acceptance of the Company’s offer, please sign and date this letter in the
space provided below and return/fax it to me at (650) 871-7192. This offer expires on Tuesday,
January 29, 2008 at midnight. A copy is provided for your records. This letter, along with the
agreement relating to proprietary rights between you and the Company, set forth the terms of your
employment with the Company and supersede any prior representations or agreements, whether written
or oral. This letter may not be modified or amended except by a written agreement, signed by the
Company and by you.

Vikram, we look forward to working with you at Fluidigm Corporation.

Sincerely,

	 	 	 
	/s/
Gajus Worthington           
	 	 
	Gajus Worthington
	 	 
	President and Chief Executive Officer
	 	 
	Fluidigm Corporation
	 	 
	 
	 	 
	Encl.
	 	 
	 
	 	 
	ACCEPTED AND AGREED TO:
	 	 
	 
	 	 

	/s/  Vikram
Jog

	 	1/29/2008 
	 
	 	 
	 
	 	 
	Vikram Jog

	 	Date

Fluidigm Corporation

7000 Shoreline Court, Suite 100, South San Francisco, California 94080  tel: 650.266.6000  fax: 650.871.7152  www.fluidigm.com

-3-

 

FLUIDIGM CONFIDENTIAL

Appendix A

2008 Fluidigm Corporate goals:

	 	1)	 	Revenues of $ 18M (>100% year-on-year growth)

	 
	 	2)	 	50%+ margins throughout the year
	 
	 	3)	 	Conduct IPO in 2008 —$300M+ pre-money valuation, raising >$60M

	 
	 	4)	 	Meet expense budget/cash burn

Finance Specific for 2008:

	1)	 	Revenue recognition

	 	a ) No material changes upon quarterly reviews and annual audit.

	2)	 	Accurate (no material restatements), timely (within 3 to 4 weeks of quarter end) closing of
books and reporting (timeliness as required by investors and SEC).
	 
	3)	 	SEC and SOX compliance, as needed.
	 
	4)	 	Produce audited financial statements for 2005, 2006 and 2007 (and Q1 2008, if necessary) to
enable the filing of Form S-1 registration statement in 1H08 (together with legal).

Fluidigm Corporation

7000
Shoreline Court, Suite 100, South San Francisco, California
94080  tel: 650.266.6000  fax: 650.871.7152  www.fluidigm.com

 

 

FLUIDIGM CORPORATION

EMPLOYMENT, CONFIDENTIAL INFORMATION AND

INVENTION ASSIGNMENT AGREEMENT

     As a condition of my employment with FLUIDIGM Corporation, its subsidiaries, affiliates,
successors or assigns (together the “Company”), and in consideration of my employment with the
Company and my receipt of the compensation now and hereafter paid to me by the Company, I agree to
the following:

     1. At-Will
Employment. I understand and acknowledge that my employment with the
Company is for an unspecified duration and constitutes “at-will” employment. I acknowledge that
this employment relationship may be terminated at any time, with or without good cause or for any
or no cause, at the option either of the Company or myself.

     2. Confidential Information.

          (a) Company Information. I agree at all times during the term of my employment and
thereafter, to hold in strictest confidence, and not to use, except for the benefit of the Company,
or to disclose to any person, firm or corporation without written authorization of the Board of
Directors of the Company, any Confidential Information of the Company. I understand that
“Confidential Information” means any Company proprietary information, technical data, trade secrets
or know-how, including, but not limited to, research, product plans, products, services, customer
lists and customers (including, but not limited to, customers of the Company on whom I called or
with whom I became acquainted during the term of my employment), markets, software, developments,
inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration
information, marketing, finances or other business information disclosed to me by the Company
either directly or indirectly in writing, orally or by drawings or observation of parts or
equipment. I further understand that Confidential Information does not include any of the foregoing
items which has become publicly known and made generally available through no wrongful act of mine
or of others who were under confidentiality obligations as to the item or items involved.

          (b)
Former Employer Information. I agree that I will not, during my employment with
the Company, improperly use or disclose any proprietary information or trade secrets of any former
or concurrent employer or other person or entity and that I will not bring onto the premises of the
Company 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.

 

 

          (c) Third Party Information. I recognize that the Company has received and in
the future will receive from third parties their confidential or proprietary information subject to
a duty on the Company’s part to maintain the confidentiality of such information and to use it only
for certain limited purposes. I agree to hold all such confidential or proprietary information in
the strictest confidence and not to disclose it to any person, firm or corporation or to use it
except as necessary in carrying out my work for the Company consistent with the Company’s agreement
with such third party.

     3. Inventions.

          (a) Inventions Retained and Licensed. I have attached hereto, as Exhibit A, a
list describing all inventions, original works of authorship, developments, improvements, and trade
secrets which were made by me prior to my employment with the Company (collectively referred to as
“Prior inventions”), which belong to me, which relate to the Company’s proposed business, products
or research and development, and which are not assigned to the Company hereunder; or, if no such
list is attached, I represent that there are no such Prior Inventions. If in the course of my
employment with the Company, I incorporate into a Company product, process or machine a Prior
Invention owned by me or in which I have an interest, the Company is hereby granted and shall have
a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify,
use and sell such Prior Invention as part of or in connection with such product, process or
machine.

          (b) Assignment of Inventions. I agree that I will promptly make full written
disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and
hereby assign to the Company, or its designee, all my right, title, and interest in and to any and
all inventions, original works of authorship, developments, concepts, improvements or trade
secrets, whether or not patentable or registrable under copyright or similar laws, which I may
solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed
or reduced to practice, during the period of time I am in the employ of the Company (collectively
referred to as “Inventions”), except as provided in Section 3(f) below. I further acknowledge that
all original works of authorship which are made by me (solely or jointly with others) within the
scope of and during the period of my employment with the Company and which are protectible by
copyright are “works made for hire,” as that term is defined in the United States Copyright Act.

          (c) Inventions Assigned to the United States. I agree to assign to the United States
government all my right, title, and interest in and to any and all Inventions whenever such full
title is required to be in the United States by a contract between the Company and the United
States or any of its agencies.

          (d) Maintenance of Records. I agree to keep and maintain adequate and current written
records of all Inventions made by me (solely or jointly with others) during the term of my
employment with the Company. The records will be in the form of notes, sketches, drawings, and any
other format that may be specified by the Company. The records will be available to and remain the
sole property of the Company at all times.

2

 

          (e) Patent and Copyright Registrations. I agree to assist the Company, or its
designee, at the Company’s expense, in every proper way to secure the Company’s rights in the
Inventions and any copyrights, patents, mask work rights or other intellectual property rights
relating thereto in any and all countries, including the disclosure to the Company of all pertinent
information and data with respect thereto, the execution of all applications, specifications,
oaths, assignments and all other instruments which the Company shall deem necessary in order to
apply for and obtain such rights and in order to assign and convey to the Company, its successors,
assigns, and nominees the sole and exclusive rights, title and interest in and to such Inventions,
and any copyrights, patents, mask work rights or other intellectual property rights relating
thereto. I further agree that my obligation to execute or cause to be executed, when it is in my
power to do so, any such instrument or papers shall continue after the termination of this
Agreement. If the Company is unable because of my mental or physical incapacity or for any other
reason to secure my signature to apply for or to pursue any application for any United States or
foreign patents or copyright registrations covering Inventions or original works of authorship
assigned to the Company as above, then I hereby irrevocably designate and appoint the Company and
its duly authorized officers and agents as my agent and attorney in fact, to act for and in my
behalf and stead to execute and file any such applications and to do all other lawfully permitted
acts to further the prosecution and issuance of letters patent or copyright registrations thereon
with the same legal force and effect as if executed by me.

          (f) Exception to Assignments. I understand that the provisions of this
Agreement requiring assignment of Inventions to the Company do not apply to any invention which
qualifies fully under the provisions of California Labor Code Section 2870 (attached hereto as
Exhibit B). I will advise the Company promptly in writing of any inventions that I believe
meet the criteria in California Labor Code Section 2870 and not otherwise disclosed on Exhibit
A.

     4. Conflicting Employment. I agree that, during the term of my employment with the
Company, I will not engage in any other employment, occupation, consulting or other business
activity directly related to the business in which the Company is now involved or becomes involved
during the term of my employment, nor will I engage in any other activities that conflict with my
obligations to the Company.

     5. Returning Company Documents. I agree that, at the time of leaving the employ of
the Company, I will deliver to the Company (and will not keep in my possession, recreate or
deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists,
correspondence, specifications, drawings blueprints, sketches, materials, equipment, other
documents or property, or reproductions of any aforementioned items developed by me pursuant to my
employment with the Company or otherwise belonging to the Company, its successors or assigns. In
the event of the termination of my employment, I agree to sign and deliver the ‘Termination
Certification” attached hereto as Exhibit C.

     6. Notification of New Employer. In the event that I leave the employ of the Company,
I hereby grant consent to notification by the Company to my new employer about my rights and
obligations under this Agreement.

3

 

     7. Solicitation of Employees. I agree that for a period of twelve (12) months
immediately following the termination of my relationship with the Company for any reason, whether
with or without cause, I shall not either directly or indirectly solicit, induce, recruit or
encourage any of the Company’s employees to leave their employment, or take away such employees, or
attempt to solicit, induce, recruit, encourage or take away employees of the Company, either for
myself or for any other person or entity.

     8. Conflict of Interest Guidelines. I agree to diligently adhere to the Conflict
of Interest Guidelines attached as Exhibit D hereto.

     9. Representations. I agree to execute any proper oath or verify any proper document
required to carry out the terms of this Agreement. I represent that my performance of all the terms
of this Agreement will not breach any agreement to keep in confidence proprietary information
acquired by me in confidence or in trust prior to my employment by the Company. I have not entered
into, and I agree I will not enter into, any oral or written agreement in conflict herewith.

     10. Arbitration and Equitable Relief.

          (a)
Arbitration. Except as provided in Section 10(b) below, I agree that any dispute
or controversy arising out of or relating to any interpretation, construction, performance or
breach of this Agreement, shall be settled by arbitration to be held in Santa Clara County,
California, in accordance with the rules then in effect of the American Arbitration Association.
The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision
of the arbitrator shall be final, conclusive and binding on the parties to the arbitration.
Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. The Company
and I shall each pay one-half of the costs and expenses of such arbitration, and each of us shall
separately pay our counsel fees and expenses.

          (b)
Equitable Remedies. I agree that it would be impossible or inadequate to measure
and calculate the Company’s damages from any breach of the covenants set forth in Sections 2, 3,
and 5 herein. Accordingly, I agree that if I breach any of such Sections, the Company will have
available, in addition to any other right or remedy available, the right to obtain an injunction
from a court of competent jurisdiction restraining such breach or threatened breach and to specific
performance of any such provision of this Agreement. I further agree that no bond or other security
shall be required in obtaining such equitable relief and I hereby consent to the issuance of such
injunction and to the ordering of specific performance.

     11. General Provisions.

          (a) Governing Law; Consent to Personal Jurisdiction. This Agreement will be
governed by the laws of the State of California, without reference to choice of laws or conflict
of laws principles. I hereby expressly consent to the personal jurisdiction of the state and
federal courts located in California for any lawsuit filed there against me by the Company arising
from or relating to this Agreement.

4

 

          (b) Entire Agreement. This Agreement sets forth the entire agreement and
understanding between the Company and me relating to the subject matter herein and merges all
prior discussions between us. No modification of or amendment to this Agreement, nor any waiver
of any rights under this agreement, will be effective unless in writing signed by the party to
be charged. Any subsequent change or changes in my duties, salary or compensation will not
affect the validity or scope of this Agreement.

          (c) Severability. If one or more of the provisions in this Agreement are deemed
void by law, then the remaining provisions will continue in full force and effect.

          (d) Successors and Assigns. This Agreement will be binding upon my heirs,
executors, administrators and other legal representatives and will be for the benefit of
the Company, its successors, and its assigns.

	 	 	 	 	 
	Date:
	 	02/25/2008 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 	 	Signature     /s/
Vikram Jog
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	Name of Employee (typed or
printed)     Vikram Jog
	 

	 	 	 	 
	 
	 	 	 	 
	     /s/ Denise Jimenez	 	 
	 	 	 
	Witness
	 	 	 	 

5

 

EXHIBIT A

LIST OF PRIOR INVENTIONS

AND ORIGINAL WORKS OF AUTHORSHIP

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Identifying Number	 
	Title	 	Date	 	 	or Brief Description	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 

                    No inventions or improvements

                    Additional Sheets Attached

	 	 	 	 	 
	Signature of Employee:
	 	 	 	 
	 

	 

	 	 
	 
	 	 	 	 
	Print Name of Employee:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Date:                      ,                    
	 	 

 

 

EXHIBIT B

CALIFORNIA LABOR CODE SECTION 2870

EMPLOYMENT AGREEMENTS; ASSIGNMENT OF RIGHTS

     “(a) Any provision in an employment agreement which provides that an employee shall
assign, or offer to assign, any of his or her rights in an invention to his or her employer shall
not apply to an invention that the employee developed entirely on his or her own time without using
the employer’s equipment, supplies, facilities, or trade secret information except for those
inventions that either:

          (1) Relate at the time of conception or reduction to practice of the invention to the
employer’s business, or actual or demonstrably anticipated research or development of the employer.

          (2) Result from any work performed by the employee for the employer.

      (b) To the extent a provision in an employment agreement purports to require an
employee to assign an invention otherwise excluded from being required to be assigned under
subdivision (a), the provision is against the public policy of this state and is
unenforceable.”

 

 

EXHIBIT C

FLUIDIGM CORPORATION

TERMINATION CERTIFICATION

     This is to certify that I do not have in my possession, nor have I failed to return, any
devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings,
blueprints, sketches, materials, equipment, other documents or property, or reproductions of any
aforementioned items belonging to FLUIDIGM Corporation, its subsidiaries, affiliates, successors or
assigns (together, the “Company”).

     I further certify that I have complied with all the terms of the Company’s Employment
Confidential Information and Invention Assignment Agreement signed by me, including the reporting
of any inventions and original works of authorship (as defined therein), conceived or made by me
(solely or jointly with others) covered by that agreement.

     I further agree that, in compliance with the Employment, Confidential Information and
Invention Assignment Agreement, I will preserve as confidential all trade secrets, confidential
knowledge, data or other proprietary information relating to products, processes, know-how,
designs, formulas, developmental or experimental work, computer programs, data bases, other
original works of authorship, customer lists, business plans, financial information or other
subject matter pertaining to any business of the Company or any of its employees, clients,
consultants or licensees.

     I further agree that for twelve (12) months from this date, I will not solicit, induce,
recruit or encourage any of the Company’s employees to leave their employment.

Date:                     ,     

	 	 	 
	 

	 	 
	 

	 	(Employee’s Signature)
	 
	 	 
	 
	 

	 	 
	 

	 	(Type/Print Employee’s Name)

 

 

EXHIBIT D

FLUIDIGM CORPORATION

CONFLICT OF INTEREST GUIDELINES

     It
is the policy of FLUIDIGM Corporation to conduct its affairs in strict compliance with the
letter and spirit of the law and to adhere to the highest principles of business ethics.
Accordingly, all officers, employees and independent contractors must avoid activities which are in
conflict, or give the appearance of being in conflict, with these principles and with the interests
of the Company. The following are potentially compromising situations which must be avoided. Any
exceptions must be reported to the President and written approval for continuation must be
obtained.

     1. Revealing confidential information to outsiders or misusing confidential information.
Unauthorized divulging of information is a violation of this policy whether or not for personal
gain and whether or not harm to the Company is intended. (The Employment, Confidential Information
and Invention Assignment Agreement elaborates on this principle and is a binding agreement.)

     2. Accepting or offering substantial gifts, excessive entertainment, favors or payments which
may be deemed to constitute undue influence or otherwise be improper or embarrassing to the
Company.

     3. Participating in civic or professional organizations that might involve divulging
confidential information of the Company.

     4. Initiating or approving personnel actions affecting reward or punishment of employees or
applicants where there is a family relationship or is or appears to be a personal or social
involvement (other than as officers of the Company appointed by the Board of Directors).

     5. Initiating or approving any form of personal or social harassment of employees.

     6. Investing or holding outside directorship in suppliers, customers, or competing companies,
including financial speculations, where such investment or directorship might influence in any
manner a decision or course of action of the Company.

     7. Borrowing from or lending to employees, customers or suppliers.

     8. Acquiring real estate of interest to the Company.

     9. Improperly using or disclosing to the Company any proprietary information or trade secrets
of any former or concurrent employer or other person or entity with whom obligations of
confidentiality exist.

2

 

     10. Unlawfully discussing prices, costs, customers, sales or markets with competing
companies or their employees.

     11. Making any unlawful agreement with distributors with respect to prices.

     12. Improperly using or authorizing the use of any inventions which are the subject of patent
claims of any other person or entity.

     13. Engaging in any conduct which is not in the best interest of the Company.

     Each officer, employee and independent contractor must take every necessary action to ensure
compliance with these guidelines and to bring problem areas to the attention of higher management
for review. Violations of this conflict of interest policy may result in discharge without warning.

3

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