Document:

Exhibit 10.1

 

MOMENTA PHARMACEUTICALS, INC.
 EQUITY AWARD RETIREMENT POLICY

 

1.                                      Purpose.  The purpose of this equity award retirement policy (this “Policy”) is to provide for the treatment of Awards held by Eligible Participants upon their qualifying retirement from the Company, notwithstanding any provision of the Plan or any agreement governing an Award to the contrary.  This Policy is effective as of December 14, 2016 (the “Effective Date”).

 

2.                                      Definitions.  As used in this Policy, the following terms shall have the meanings set forth below:

 

(a)                                 “Award” means an Option or RSU.

 

(b)                                 “Board” means the Board of Directors of the Company.

 

(c)                                  “Company” means Momenta Pharmaceuticals, Inc.

 

(d)                                 “Compensation Committee” means the Compensation Committee of the Board.

 

(e)                                  “Cut-Off Date” means January 1, 1972.

 

(f)                                   “Eligible Participant” means any (i) employee of the Company and its subsidiaries or (ii) non-employee Board member.

 

(g)                                  “Eligible Retirement Date” means the date on which (i) an Eligible Participant attains a minimum of five (5) years of full-time employment with the Company and its subsidiaries or service as a Board member, as measured from the Eligible Participant’s hire date or commencement of service as a Board member and (ii) the sum of the Eligible Participant’s age and number of years of such employment or service equals or exceeds sixty-five (65) years.

 

(h)                                 “Option” means an option to purchase shares of the Company’s common stock granted or that may be granted to an Eligible Participant under the Plan.

 

(i)                                     “Plan” means the Momenta Pharmaceuticals, Inc. 2013 Incentive Award Plan, the Momenta Pharmaceuticals, Inc. 2004 Stock Incentive Plan and, to the extent applicable, any future or successor equity compensation plan of the Company, in each case as applicable to an Award and as amended or restated from time to time.

 

(j)                                    “Retirement Date” means the last date, due to retirement on or after an Eligible Participant’s Eligible Retirement Date, of the Eligible Participant’s (i) employment if the Eligible Participant is an employee or (ii) service to the Company and its subsidiaries as a Board member if the Eligible Participant is a non-employee Board member.

 

(k)                                 “Retirement Vesting Period” means the one year period following the Retirement Date.

 

(l)                                     “RSU” means a restricted stock unit denominated in shares of the Company’s common stock granted or that may be granted to an Eligible Participant under the Plan subject to service-based (but not performance-based) vesting conditions.

 

3.                                      Treatment of Awards Upon Retirement. Except as otherwise provided in this Policy, including in

 

 

Section 4, following an Eligible Participant’s Retirement Date:

 

(a)                                 The Eligible Participant’s Awards that are outstanding as of the Eligible Participant’s Retirement Date will continue to vest and, if applicable, become exercisable during the Eligible Participant’s Retirement Vesting Period as if the Eligible Participant had remained continuously in service as an employee of the Company and its subsidiaries or a non-employee Board member, as applicable, during the Eligible Participant’s Retirement Vesting Period; and

 

(b)                                 The Eligible Participant will have until the first anniversary of the Retirement Date to exercise any vested Options, provided that (i) if an Option (or portion thereof) becomes first exercisable within the ninety (90) days preceding the first anniversary of the Retirement Date, then the Eligible Participant will have ninety (90) days following the date that the Option (or portion thereof) becomes first exercisable to exercise such Option (or portion thereof) and (ii) no Option may be exercised following the date upon which the Option would have become unexercisable, including in connection with a corporate transaction or event, had the Eligible Participant remained continuously in service as an employee or non-employee Board member, as applicable, with the Company and its subsidiaries.

 

4.                                      Limitations; Conditions.  The provisions of Section 3 are subject to the following limitations and conditions unless the Committee or the Board otherwise determines:

 

(a)                                 This Policy will not apply to any Option outstanding as of the Effective Date that is an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code and is held by an Eligible Participant born before the Cut-Off Date if, within twenty-eight (28) calendar days following the Effective Date, the Eligible Participant holding such Option declines the benefits of this Policy in a form provided by the Company.

 

(b)                                 An Eligible Participant must provide the Company with written notice of the Eligible Participant’s intention to retire at least thirty (30) days but no more than sixty (60) days prior to the Eligible Participant’s Retirement Date in order to receive the benefit of this Policy, except that an Eligible Participant who retires within forty-five (45) days following the Effective Date must provide such notice no later than the Eligible Participant’s Retirement Date.  Such written notice must be in a form reasonably acceptable to the Company and include a representation of the Eligible Participant that the Eligible Participant is terminating from the Company for retirement purposes and has not accepted, and does not plan to accept, a full-time position at another employer in the biotechnology or pharmaceutical industries.  For clarity, post-retirement services as a member of a board of directors or similar board or committee shall not disqualify an Eligible Participant from this Policy.

 

(c)                                  The benefits provided under Section 3 are conditioned upon an Eligible Participant’s continued compliance with any non-competition, non-solicitation, confidentiality or other restrictive covenants with the Company and may be subject to any additional limitations, restrictions, modifications and/or conditions (if any) as the Compensation Committee or the Board may from time to time determine.  Any such limitation, restriction, modification or condition must specifically reference this Policy.

 

(d)                                 If an Eligible Participant continuously provides services to the Company and its subsidiaries following retirement, then the Administrator will determine the effect of such

 

2

 

continued service on the provisions of Section 3 and the Eligible Participant’s benefits under this Policy.

 

5.                                      Discretion.  The Compensation Committee or the Board may, in its discretion and at any time or from time to time, including for the avoidance of doubt following an Eligible Participant’s Retirement Date, determine that this Policy does not apply to any or all Awards held by an Eligible Participant or terminate, amend or modify this Policy.  Any such determination, termination, amendment or modification must specifically reference this Policy.

 

6.                                      Interpretation.  The Compensation Committee, the Board or the designee of either may interpret the terms and application of this Policy, and in such capacity is referred to herein as the “Administrator.”  All interpretations of the Administrator will be conclusive and binding on all persons.  In the absence of a contrary designation, the Company’s Senior Vice President, Human Resources will be the Administrator.  Notwithstanding the foregoing, only the Board or Compensation Committee will administer this Policy and be the Administrator with respect to Senior Vice Presidents and individuals who are subject to Section 16 of the Securities Exchange Act of 1934, as amended.

 

7.                                      Incorporation of Equity Plan.  This Policy is established under and subject to the terms of the Plan.  Notwithstanding the foregoing, if there is a conflict between the terms of the Plan and this Policy, the terms of this Policy will control.

 

* * * * *

 

3Exhibit 10.1

AGREEMENT AND WAIVER OF CLAIMS

This Agreement and the Waiver contained herein are made and entered into in Dallas, Texas, by and between AT&T Mobility Services LLC (hereinafter "Company") and Mr. Ralph de la Vega (hereinafter "Mr. de la Vega") for and in consideration of the mutual promises and agreements set forth below and are conditional on performance of such promises and agreements.

WHEREAS, Mr. de la Vega will retire from Company on December 31, 2016; and as a consequence, Mr. de la Vega will be entitled to receive appropriate, usual and customary benefits and certain other benefits described herein; and

WHEREAS, both parties agree that in connection with Mr. de la Vega's retirement on December 31, 2016, in addition to the before referenced appropriate, usual and customary benefits, Mr. de la Vega should receive additional benefits and consideration as set forth herein, and that Mr. de la Vega, among other things, should release and forever discharge Company, AT&T Inc. ("AT&T"), any and all other subsidiaries (which term when used throughout this document shall include entities, corporate or otherwise, in which the company referred to owns, directly or indirectly, fifty percent or more of the outstanding equity interests) of Company and of AT&T, their officers, directors, agents, employees, successors and assigns and any and all employee benefit plans maintained by AT&T or any subsidiary thereof and/or any and all fiduciaries of any such plan, from any and all common law and/or statutory claims, causes of action or suits of any kind whatsoever, arising from or in connection with Mr. de la Vega's employment by Company or any affiliate of AT&T and/or Mr. de la Vega's separation from Company, all as set forth in more detail in the Waiver contained herein.

WHEREAS, Mr. de la Vega has been employed by Company and/or AT&T's subsidiaries for over forty-two (42) years and worked in significant positions and assignments that required access to and involvement with confidential and proprietary information, trade secrets and matters of strategic importance to Company, AT&T and/or AT&T's subsidiaries that will continue beyond Mr. de la Vega's employment with Company.  During the term of his longstanding employment in various capacities with Company, or an AT&T subsidiary, Mr. de la Vega has acquired knowledge of all aspects of its business, on a national and regional level, including but not limited to operations, sales, marketing, advertising, technology, networks, network technology, network development and strategy, distribution and distribution channels, operations, strategic planning initiatives, new product and services development, strategic planning, rate information and growth strategies and initiatives.  Mr. de la Vega has acquired and possesses unique skills as a result of employment with Company and/or AT&T subsidiaries.  The trade secrets with which Mr. de la Vega has been involved are critical to Company's, AT&T's, and AT&T's subsidiaries' success.  Disclosure of this information in the performance of services for a subsequent employer engaged in similar businesses would be inevitable and inherent as part of Mr. de la Vega's performance of services for such an employer.  For all of these reasons and due to the confidential and proprietary information and trade secrets Mr. de la Vega learned in his employment with Company, or an AT&T subsidiary, Mr. de la Vega acknowledges that it is reasonable for Company to seek the restrictions contained in the subsequent provisions of this Agreement and that more limited restrictions are neither feasible nor appropriate.  Mr. de la Vega understands and agrees that the consideration provided herein requires Mr. de la Vega to comply strictly with all terms of this Agreement including, but not limited to, confidentiality, non-compete, non-solicitation of employees and non-solicitation of customers as set forth below.

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NOW, therefore, the parties further agree as follows:

	
1.

	
Mr. de la Vega will retire from Company effective at the close of business on December 31, 2016, and Mr. de la Vega herewith resigns all officer and director positions that he may hold in AT&T and in any subsidiary of AT&T effective at the close of business on December 31, 2016.

	
2.

	
Mr. de la Vega shall execute this Agreement and the Waiver contained herein and Company shall (A) waive the provisions of AT&T Management Relocation Plan A that require repayment of relocation benefits in the event of the recipient's termination of employment within one (1) year of receipt, including Mr. de la Vega's agreement to repay such sums, (B) propose to the Human Resources Committee of the AT&T Board of Directors (the "Committee") that the AT&T 2011 Incentive Plan provisions requiring the automatic proration of Mr. de la Vega's 2014, 2015, and 2016 Performance Share Grants shall not apply and Mr. de la Vega shall be eligible for full distribution of such grants after the applicable three (3) year performance period, subject to adjustment based on achievement of the applicable performance goals, approval of the Committee and all other terms and conditions of the grant, and (C) relinquish ownership and permit Mr. de la Vega to retain possession of the Company provided iPad used by Mr. de la Vega immediately prior to his retirement, and the Company will provide monthly internet access service for such device during Mr. de la Vega's retirement under the terms of the Administrative Plan, subject to the prior removal of all Trade Secrets and Confidential Information from the device.  Notwithstanding the foregoing, none of the consideration described in this Section 2 shall be made available to Mr. de la Vega (or it shall be subject to rescission) should Mr. de la Vega not timely sign, or should he revoke, the Wavier contained herein.

	
3.

	
The consideration described herein shall be in lieu of, and Mr. de la Vega hereby specifically waives any right to any and all other termination pay allowance resulting from his retirement.

	
4.

	
This Agreement and the Waiver contained herein do not abrogate any of the usual entitlements that Mr. de la Vega has or will have, first, while a regular employee and subsequently, upon his retirement, under any AT&T or AT&T subsidiary sponsored employee benefit plan, program or policy, all of which will be subject to and provided in accordance with the terms and conditions of the respective benefit plan, program, or policy as applicable to Mr. de la Vega and this Agreement.  AT&T and its subsidiaries have reserved the right to end or amend any or all of the plans, programs, and policies that it sponsors.  Each participating subsidiary, which includes Company, has reserved the right to end its participation in these plans, programs, and policies and to discontinue providing any and all such benefits.  This means, for example, that Mr. de la Vega will not acquire a lifetime right to any health care plan benefit or to the continuation of any health care plan merely by reason of the fact that such benefit, plan, program, or policy is in existence at the

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time of Mr. de la Vega's retirement or because of this Agreement and the Waiver contained herein.  Thus, except as specifically provided in Section 2 of this Agreement, Mr. de la Vega's rights/entitlements to any benefit under any of the plans, programs, or policies are no different as a result of entering into this Agreement and the Waiver contained herein than they would have been in the absence of this Agreement and the Waiver contained herein.

	
5.

	
At Company's request at any time during the eighteen (18) months immediately following his retirement, Mr. de la Vega will cooperate with Company, AT&T or any of their respective subsidiaries in any future claims or lawsuits involving any of them where Mr. de la Vega has knowledge of the underlying facts; provided, however, Mr. de la Vega shall not be required to and shall not provide such services for more than twenty percent (20%) of the average amount of time he provided bona fide services over the thirty-six (36) month period immediately preceding December 31, 2016.  For the time Mr. de la Vega spends working on any claims or lawsuits at such request, Mr. de la Vega shall be reimbursed at the equivalent per hour base salary rate at which Mr. de la Vega was being compensated by Company immediately prior to his retirement; provided, however, that if Mr. de la Vega is a named party in any claim or lawsuit and Company, in its discretion, determines that Mr. de la Vega's interests are adverse to Company, AT&T or any of their respective subsidiaries, he will not be entitled to such compensation. Mr. de la Vega agrees not to voluntarily aid, assist, or cooperate with any claimants or plaintiffs or their attorneys or agents, whether individually or as part of a class, in any claims or lawsuits commenced in the future against Company, AT&T or any AT&T subsidiary; provided, however, that nothing in this Agreement shall prohibit Mr. de la Vega from exercising his right to file a charge of discrimination with, or that would limit his right to testify, assist, or participate in an investigation, hearing, or proceeding conducted by the Equal Employment Opportunity Commission ("EEOC"), a comparable state or local agency, or any other governmental agency charged with enforcing anti-discrimination laws; provided, further, however, nothing in this Agreement will be construed to prevent Mr. de la Vega from testifying at an administrative hearing, a deposition, or in court in response to a lawful subpoena in any litigation or proceedings involving Company, AT&T or any of their respective subsidiaries.  Notwithstanding the foregoing, Mr. de la Vega acknowledges and agrees that the Waiver contained herein includes a waiver of his right, if any, to monetary recovery should any party, entity, administrative agency, or governmental agency (such as the EEOC, the National Labor Relations Board, or any state or local agencies) pursue any claims on Mr. de la Vega's behalf against the persons or entities covered by the Agreement and the Waiver contained herein, other than his right to any monetary recovery under the whistleblower provisions of federal or state law or regulation.

Company agrees to indemnify Mr. de la Vega if he is a defendant or is threatened to be made a defendant to any action, suit or proceeding, whether civil, criminal, administrative or investigative that is brought by a third party by reason of the fact that he was a director, officer, employee or agent of Company, or was serving at the request of Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise,

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against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding, but in each case only if and to the extent permitted under applicable state or federal law.

	
6.

	
Mr. de la Vega acknowledges that, as a result of his employment with Company and/or any AT&T subsidiaries, he has and had access to certain Trade Secrets and Confidential Information (as these terms are defined below) and the Company will continue to provide Mr. de la Vega access to such Trade Secrets and Confidential Information through his termination of employment so that he may continue performing his job responsibilities.  Mr. de la Vega acknowledges that AT&T and its subsidiaries must protect its Trade Secrets and Confidential Information from disclosure or misappropriation, and Mr. de la Vega further acknowledges that the Trade Secrets and Confidential Information are unique and confidential and are the proprietary property of AT&T and its subsidiaries.  Mr. de la Vega acknowledges that the Trade Secrets and Confidential Information derive independent, actual and potential commercial value from not being generally known, or readily ascertainable through independent development.  Mr. de la Vega agrees to hold Trade Secrets or Confidential Information in trust and confidence and to not directly or indirectly disclose or transmit Trade Secrets or Confidential Information to any third party without prior written consent of AT&T; provided however, nothing in this Agreement shall prohibit Mr. de la Vega from reporting possible violations of federal law or regulation to any governmental agency or entity or making other disclosures that are protected under the whistleblower provisions of federal or state law or regulation.  Mr. de la Vega further agrees not to use any such Trade Secrets or Confidential Information for his personal benefit or for the benefit of any third party.  This restriction shall apply indefinitely as long as the document or information exists as a Trade Secret or Confidential Information.

On or before his retirement, Mr. de la Vega shall return to AT&T or an AT&T subsidiary all of AT&T's (and its subsidiaries') documents (and all copies thereof), and other property of AT&T and its subsidiaries that are in Mr. de la Vega's possession, including, but not limited to, AT&T's (and its subsidiaries') files, notes, drawings, records, business plans and forecasts, financial information, specifications, all product specifications, customer identity information, product development information, source code information, object code information, tangible property (including, but not limited to, computers), intellectual property, credit cards, entry cards, and keys; and, any materials of any kind which contain or embody Trade Secrets or Confidential Information (and all reproductions thereof), including, without limitation, any such documents and other property in electronic form, or any computer or data storage device.  Mr. de la Vega shall not retain or provide to anyone else any copies, summaries, abstracts, descriptions, compilation, or other representations of such information or things or their contents.

"Trade Secret" means information proprietary to AT&T or any AT&T subsidiary including, but not limited to, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, marketing plans, pricing plans, advertising and sponsorship plans, product development analyses or plans, any plans involving the combination of AT&T's or its subsidiaries' products or services, or pricing of such products or services, offered or to be offered by or in conjunction with AT&T or

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any subsidiary of AT&T, or lists of actual or potential customers or suppliers which:  (1) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and (2) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

"Confidential Information" means any data or information, other than Trade Secrets, that is competitively sensitive to AT&T or an AT&T subsidiary and not generally known by the public.  To the extent consistent with the foregoing definition, Confidential Information includes, without limitation:  (1) the sales records, profit and performance records, pricing manuals, sales manuals, training manuals, selling and pricing procedures, and financing methods of AT&T or any AT&T subsidiary, (2) customer lists, the special demands of particular customers, and the current and anticipated requirements of customers for the products and services of AT&T or any AT&T subsidiary, (3) the specifications of any new products or services under development by AT&T or any AT&T subsidiary, (4) the sources of supply for integrated components and materials used for production, assembly, and packaging by AT&T or any AT&T subsidiary, and the quality, prices, and usage of those components and materials, and (5) the business plans, marketing strategies, promotional and advertising strategies, branding strategies, and internal financial statements and projections of AT&T or any AT&T subsidiary.

Notwithstanding the definitions of Trade Secrets and Confidential Information set forth above, Trade Secrets and Confidential Information shall not include any information: (1) that is or becomes generally known to the public, (2) that is developed by Mr. de la Vega after his retirement through his entirely independent efforts without use of any Trade Secret or Confidential Information, (3) that Mr. de la Vega obtains from an independent source having a bona fide right to use and disclose such information, (4) that is required to be disclosed by subpoena, law, or similar legislative, judicial, or administrative requirement; provided, however, Mr. de la Vega will notify Company upon receipt of any such subpoena or similar request and give Company a reasonable opportunity to contest or otherwise oppose the subpoena or similar request, or (5) that AT&T approves for unrestricted release by express authorization of a duly authorized officer.

It is hereby agreed that Mr. de la Vega may represent himself as a former employee or retiree of Company or AT&T; but otherwise he agrees that he will not make, nor cause to be made any public statements, disclosures or publications which relate in any way, directly or indirectly to his cessation of employment with Company without prior written approval by Company.  Mr. de la Vega also agrees that he will not make, nor cause to be made any public statements, disclosures or publications which portray unfavorably, reflect adversely on, or are derogatory or inimical to the best interests of AT&T, its subsidiaries, or their respective directors, officers, employees or agents, past, present or future.

	
7.

	
Mr. de la Vega agrees that he shall not, during the twenty-four (24) months immediately following his retirement, without obtaining the written consent of Company in advance, participate in activities that constitute Engaging in Competition with AT&T or Engaging in Conduct Disloyal to AT&T, as those terms are defined below. 

	
a.

	
"Engaging in Competition with AT&T" means engaging in any business or activity in all or any portion of the same geographical market where the same or substantially

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similar business or activity is being carried on by an Employer Business.  "Engaging in Competition with AT&T" shall not include owning a nonsubstantial publicly traded interest as a shareholder in a business that competes with an Employer Business.  "Engaging in Competition with AT&T" shall include representing or providing consulting services to, or being an employee or director of, any person or entity that is engaged in competition with any Employer Business or that takes a position adverse to any Employer Business.

	
b.

	
"Engaging in Conduct Disloyal to AT&T" means (i) soliciting for employment or hire, whether as an employee or as an independent contractor, any person employed by AT&T or its subsidiaries during the one (1) year prior to Mr. de la Vega's retirement, whether or not acceptance of such position would constitute a breach of such person's contractual obligations to AT&T or its subsidiaries; (ii) soliciting, encouraging, or inducing any vendor or supplier with which Mr. de la Vega had business contact on behalf of any Employer Business during the two (2) years prior to Mr. de la Vega's retirement, to terminate, discontinue, renegotiate, reduce, or otherwise cease or modify its relationship with AT&T or any AT&T subsidiary; or (iii) soliciting, encouraging, or inducing any AT&T or AT&T subsidiary customer or active prospective customer, in each case, with respect to whom Mr. de la Vega had business contact, whether in person or by other media ("Customer"), on behalf of any Employer Business during the two (2) years prior to Mr. de la Vega's retirement, to terminate, discontinue, renegotiate, reduce, or otherwise cease or modify its relationship with any Employer Business, or to purchase competing goods or services from a business competing with any Employer Business, or accepting or servicing business from such Customer on behalf of himself or any other business.

	
c.

	
"Employer Business" shall mean AT&T, any subsidiary of AT&T, or any business in which AT&T or an AT&T subsidiary has a substantial ownership or joint venture interest.

Mr. de la Vega acknowledges that the business of AT&T and its subsidiaries is global in scope and that the geographic and temporal limitations set forth in this Section are therefore reasonable.

Mr. de la Vega may submit a description of any proposed activity in writing to Company (attn:  Vice President – Executive Compensation), and Company shall advise Mr. de la Vega, in writing, within (15) fifteen business days whether such proposed activity would constitute a breach of the provisions of this Section.

	
8.

	
Mr. de la Vega acknowledges and agrees that Company would be unwilling to provide the consideration provided pursuant to this Agreement and the Waiver contained herein but for the confidentiality, non-solicitation, and non-compete conditions and covenants set forth in Sections 6 and 7, and that these conditions and covenants are a material inducement to AT&T's willingness to enter into this Agreement.  Accordingly, Mr. de la Vega shall return to Company any consideration received pursuant to this Agreement and the Waiver contained herein, for any breach by Mr. de la Vega of the provisions of Section 6 or 7 hereof, or of the Waiver

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contained herein.  Further, Mr. de la Vega recognizes that any breach by him of the provisions in Sections 6 or 7 would cause irreparable injury to Company such that monetary damages would not provide an adequate or complete remedy.  Accordingly, in the event of Mr. de la Vega's actual or threatened breach of the provisions of Section 6 or 7, Company, in addition to all other rights under law or this Agreement, shall be entitled to an injunction restraining Mr. de la Vega from breaching these provisions and to recover from Mr. de la Vega its reasonable attorneys' fees and costs incurred in obtaining such remedies.

	
9.

	
Mr. de la Vega declares that his decision to execute this Agreement and the Waiver contained herein has not been influenced by any declarations or representations by Company, AT&T, or any AT&T subsidiary, other than the contractual agreements and consideration expressly stated herein.

Company has expressly advised Mr. de la Vega to seek personal legal advice prior to executing this Agreement and the Waiver contained herein, and Mr. de la Vega, by his signature below, hereby expressly acknowledges that he was given at least twenty one (21) days in which to seek such advice and decide whether or not to enter into and execute the Waiver contained herein.  The parties agree that any changes to this Agreement or to the Waiver contained herein made after the initial draft of this Agreement and Waiver of Claims is presented to Mr. de la Vega, whether material or immaterial, do not restart the running of said twenty-one (21) day period.

Mr. de la Vega may revoke this Agreement and the Waiver contained herein within seven (7) days of his execution of the Waiver contained herein by giving notice, in writing, by certified mail, return receipt requested to Company at the address specified below.  Proof of such mailing within said seven (7) day period shall suffice to establish revocation pursuant to this Section.  In the event of any such revocation, this entire Agreement and the Waiver contained herein shall be null and void, and unenforceable by either party.

	
10.

	
Any notice required hereunder to be given by either party must be in writing and will be deemed effectively given upon personal delivery to the party to be notified, or five (5) days after deposit with the United States Post Office by certified mail, postage prepaid, to the other party at the addresses noted in the signature block of this Agreement.

	
11.

	
The parties agree that any conflicts relating to this Agreement and the Waiver contained herein, including choice of law and venue with respect to any such conflict, shall be determined as provided in that certain Management Arbitration Agreement to the extent agreed to by and between Mr. de la Vega and Company (the "Management Arbitration Agreement").  If the Management Arbitration Agreement is inapplicable, the validity, interpretation, construction and performance of this Agreement and the Waiver contained herein shall be governed by the laws of the State of Texas excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement and the Waiver contained herein to the substantive law of another jurisdiction, and to achieve certainty regarding the appropriate forum in which to prosecute and defend actions arising out of or relating to this Agreement, which the parties agree

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is a material condition of entering into this Agreement, the parties agree and acknowledge that (a) the sole and exclusive venue for any such action shall be an appropriate federal or state court in Dallas County, Texas, and no other, (b) all claims with respect to any such action shall be heard and determined exclusively in such Dallas County, Texas court, and no other, (c) such Dallas County, Texas court shall have sole and exclusive jurisdiction over the person of such parties and over the subject matter of any dispute relating hereto, and (d) that the parties waive any and all objections and defenses to bringing any such action before such Dallas County, Texas court, including but not limited to those relating to lack of personal jurisdiction, improper venue or forum non conveniens.

	
12.

	
The terms and conditions contained in this Agreement that by their sense and context are intended to survive the termination or completion of performance of obligations by either or both parties under this Agreement shall so survive.

	
13.

	
This Agreement and the Waiver contained herein shall not be modified or amended except pursuant to an instrument in writing executed and delivered on behalf of each of the parties hereto.

	
14.

	
This Agreement and the Waiver contained herein, and, to the extent agreed by Mr. de la Vega and Company, the Management Arbitration Agreement, constitute the entire agreement and supersede all other prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof, except that neither this Agreement nor the Management Arbitration Agreement (to the extent applicable) shall be deemed to supersede or cancel any obligations applicable to Mr. de la Vega under any AT&T or AT&T subsidiary sponsored deferred compensation plan, equity award plan, fringe benefit program, or any other AT&T or AT&T subsidiary sponsored benefit plan as to which Mr. de la Vega is a participant immediately preceding his retirement.

	
15.

	
In the event any provision of this Agreement or the Waiver contained herein is held invalid, void, or unenforceable, the same shall not affect in any respect whatsoever the validity of any other provision of this Agreement or said Waiver, except that should said Waiver be held to be invalid as applicable to and as asserted by Mr. de la Vega with regard to any claim or dispute covered thereunder, or should any part of the provisions of Sections 6, 7, or 8 of this Agreement be held invalid, void, or unenforceable as applicable to and as asserted by Mr. de la Vega, this Agreement and the Waiver contained herein, at Company's option, may be declared by Company null and void.  If this Agreement and the Waiver contained herein are declared null and void by Company pursuant to the provisions of this Section, Mr. de la Vega shall return to Company all consideration previously received pursuant to this Agreement and the Waiver contained herein.

	
16.

	
This Agreement and the Waiver contained herein shall inure to the benefit of and be binding upon, Company, its successors and assigns, and Mr. de la Vega and his beneficiaries, whether under the various employee benefit programs or otherwise.

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17.

	
This Agreement and the Waiver contained herein shall be and hereby are declared to be null and void in the event that Mr. de la Vega does not retire from Company on or before the close of business on December 31, 2016. All payments and other consideration to be provided to Mr. de la Vega by Company are contingent upon Mr. de la Vega's retirement actually becoming effective on or before the close of business on December 31, 2016, and are further contingent upon Mr. de la Vega's execution of this Agreement no later than December 31, 2016 and the Waiver contained herein on December 31, 2016, and not revoking either this Agreement or the Waiver contained herein.

AT&T Mobility Services LLC                            Ralph de la Vega

208 South Akard Street

Room 412

Dallas, TX  75202

/s/ William A. Blase, Jr. /s/ Ralph de la Vega

By:   William A. Blase, Jr.                             Ralph de la Vega

Title:   Senior Executive Vice President-

    Human Resources

Date:  December 16, 2016                              Date:  December 16, 2016

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WAIVER

I, Ralph de la Vega, hereby fully waive and forever release and discharge Company, AT&T, any and all other subsidiaries of Company and of AT&T, their officers, directors, agents, servants, employees, successors and assigns and any and all employee benefit plans maintained by AT&T or any subsidiary thereof and/or any and all fiduciaries of any such plan from any and all common law and/or statutory claims, causes of action or suits of any kind whatsoever arising from or in connection with my past employment by Company (and any AT&T subsidiary to the extent applicable) and/or my separation therefrom, including but not limited to claims, actions, causes of action or suits of any kind allegedly arising under the Employee Retirement Income Security Act (ERISA), as amended, 29 USC §§ 1001 et seq.; the Rehabilitation Act of 1973, as amended, 29 USC §§ 701 et seq.; the Civil Rights Acts of 1866 and 1870, as amended, 42 USC §§ 1981, 1982 and 1988; the Civil Rights Act of 1871, as amended, 42 USC §§ 1983 and 1985; the Civil Rights Act of 1964, as amended, 42 USC § 2000d et seq.; the Americans With Disabilities Act, as amended, 42 USC §§ 12101 et seq., and the Age Discrimination in Employment Act of 1967 (ADEA), as amended, 29 USC §§ 621 et seq., the Family and Medical Leave Act; the Fair Credit Reporting Act, known and unknown.  Notwithstanding the foregoing, nothing herein is intended to release claims that cannot be released as a matter of law, including, by way of example, filing a charge of discrimination with the EEOC or testifying, assisting, or participating in an investigation, hearing, or proceeding conducted by the EEOC. In addition, I, Mr. de la Vega, agree not to file any lawsuit or other claim seeking monetary damage or other relief in any state or federal court or with any administrative agency (except as provided in the Agreement delivered by Company contemporaneously with this Waiver (the "Agreement")) against any of the aforementioned parties in connection with or relating to any of the aforementioned matters.  Provided, however, by executing this Waiver, I, Ralph de la Vega, do not waive rights or claims that may arise after the date of execution; provided further, however, this Waiver shall not affect my right to receive or enforce through litigation, any indemnification rights to which I am entitled as a result of my past employment by Company and, if applicable, any subsidiary of AT&T, or contract rights pursuant to the Agreement and Waiver of Claims entered into substantially contemporaneously herewith; and, provided further, this Waiver shall not affect the ordinary distribution of benefits/entitlements, if any, to which I am entitled upon termination from Company; it being understood by me that said benefits/entitlements, if any, will be subject to and provided in accordance with the terms and conditions of their respective governing plan and the Agreement.

Ralph de la Vega

Dated:  _______________________

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