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Exhibit 10.10  

 
 

LOAN AGREEMENT    
    

        This Loan Agreement (the "Agreement") is entered into as of the 5th day of February, 2002, by and between Agilent Technologies, Inc., a Delaware
corporation (the "Company"), and Adrian Dillon, an individual ("Employee"). 

RECITALS  

        A.    Employee
is an employee of the Company. 

        B.    In
accepting an offer of employment with the Company, Employee has found it necessary to relocate his residence. 

        C.    To
aid Employee in such relocation, the Company and Employee desire that the Company shall loan to Employee the total amount of Two Million Five Hundred Thousand Dollars
($2,500,000.00) on a secured basis as set forth below to assist Employee in purchasing a new principal residence in the vicinity of the offices of the Company, under the terms and conditions of this
Agreement. 

        NOW,
THEREFORE, the Company and Employee agree as follows: 

AGREEMENT  

        1.     Employee
has notified the Company that Employee requires funds for the purpose of purchasing a new
residence                                        
                                (the "Property"), which is in the area where
the Company is located. The Company agrees to lend to Employee the amount of Two Million Five Hundred Thousand Dollars ($2,500,000.00) (the "Loan") for the sole purpose of Employee's purchase of the
Property. 

        2.     Concurrently
with the execution and delivery of this Agreement, Employee and Employee's spouse                        shall execute and deliver
to the Company (i) a
promissory note (the "Note") in the amount of Two Million Five Thousand Dollars ($2,500,000.00) in the form attached hereto as Exhibit "A" and
(ii) a deed of trust (the "Deed of Trust") on the Property in the form attached hereto as Exhibit "B" which shall secure the Note. 

        3.     Employee
hereby makes the following representations and warranties to the Company and acknowledges that the Company is relying on such representations in making the Loan: 

        A.    Employee
has or will have prior to the closing of the Loan good and marketable title to the Property free and clear of all security interests and liens or encumbrances
securing monetary obligations, except that Employee intends to obtain a loan from Wells Fargo Bank or another reputable institutional lender (the "Primary Loan") secured by a deed of trust
constituting a first lien against the Property in favor of such lender, with a principal balance not in excess of One Million Dollars ($1,000,000.00). 

        B.    The
consent of no other person or entity except Employee's spouse,                        who will give her consent, is required to
grant the security interest in the Property
to the Company evidenced by the Deed of Trust. 

        C.    There
are no actions, proceedings, claims or disputes pending or, to Employee's knowledge, threatened against or affecting Employee or the Property, except as shall be
disclosed to the Company in writing prior to the date of this Agreement. 

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        4.     Concurrently
with Employee's execution and delivery of this Agreement, Employee shall execute and deliver to the Company a certificate substantially in the form of  Exhibit "C" attached hereto. 

        5.     Employee
understands that the Loan provided for herein is not transferable by Employee and is conditioned upon the future performance of substantial services by Employee.
Employee further agrees that the Loan proceeds will be used only to purchase a principal residence of Employee being acquired in connection with the commencement of employment at a "new principal
place of work" within the meaning of Section 217 of the Internal Revenue Code of 1986. 

        6.     In
addition to Employee's execution and delivery of the Deed of Trust, Employee shall take any and all further actions that may from time to time be required to ensure
that the Deed of Trust creates a valid lien on the Property in favor of the Company, which shall secure the Note and be junior only to the Primary Loan. Employee shall furnish evidence reasonably
satisfactory to the Company that: (i) Employee has good and marketable title to the Property; (ii) the consent of no other person or entity other than Employee's
spouse                        
is required to grant a security interest in the Property to the Company; (iii) there is or will be no deed of trust, mortgage or encumbrance against the Property other than the Primary Loan. If
it should be determined as a result of examination of title or off-title inquiries that there are defects against title or matters which could result in defects against title to the
Property or that the consent of another person or entity is required to grant the Company a valid second priority lien on the Property, Employee shall take all actions necessary to remove such defects
and to obtain such consent and grant such lien on the Property. Failure of Employee to comply with the provisions of this paragraph 6 shall be deemed a default under the Note and the Deed of
Trust. 

        7.     This
Agreement and the exhibits attached hereto constitute the full and entire understanding and agreement between the parties hereto with regard to the subject hereof.
There are no oral agreements between the Company and Employee affecting this Agreement, and this Agreement supersedes and replaces any and all previous negotiations, arrangements, agreements and
understandings, if any, between the Company and the Employee with respect to the subject matter of this Agreement (including, without limitation, any provisions contained in that certain offer letter
dated November 6, 2001 by the Company to Employee regarding the subject matter of this Agreement and any discussions between the Company and the Employee in connection therewith). Neither this
Agreement nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed by the party against whom enforcement of any such amendment, waiver, discharge
or termination is sought. 

        8.     Employee
understands that this Agreement does not constitute an employment agreement or a promise by the Company to continue Employee's employment. 

        9.     All
notices and other communications required or permitted hereunder shall be in writing and shall be deemed effectively given upon personal delivery to the party to be
notified or five (5) days after deposited with the United States mail, by registered or certified mail, postage prepaid, addressed to the address set forth on the signature page hereof, or such
other address as either party may furnish to the other party. 

        10.   Neither
party may assign the rights and/or duties under this Agreement to a third party without the prior written consent of the other party to this Agreement, except
that in the event that the Company is merged into another corporation, or substantially all the outstanding stock or assets of the Company are sold to another corporation and the surviving or
acquiring corporation agrees in writing to be bound by the rights and duties of the Company under this Agreement, then the company may assign its rights and duties hereunder to such acquiring or
surviving corporation. 

        11.   All
exhibits attached hereto are incorporated herein by this reference. 

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        12.   This
Agreement shall be governed in all respects by the laws of the State of California. 

        13.   In
case one of more provisions herein shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had not been contained herein. 

        14.   Each
party hereto agrees to do such further acts and things and to execute, acknowledge and deliver or to cause to have executed, acknowledged and delivered such other
and further instruments and documents as may reasonably be requested by the other to carry out the purpose and intent of this Agreement. This Agreement may be executed in counterparts and each
counterpart shall be deemed an original instrument. 

        15.   Without
limiting the generality of paragraph 16 below, Employee hereby acknowledges that the Company has made no representation or warranty to Employee concerning
the income tax consequences of the loan to Employee, and Employee shall be solely responsible for ascertaining and bearing such tax consequences. 

        16.   THE
NOTE, THIS AGREEMENT, THE DEED OF TRUST AND ALL RELATED DOCUMENTATION ARE EXECUTED VOLUNTARILY AND WITHOUT ANY DURESS OR UNDUE INFLUENCE ON THE PART OR BEHALF OF THE
PARTIES HERETO, WITH THE FULL INTENT OF CREATING THE OBLIGATIONS AND SECURITY INTERESTS DESCRIBED HEREIN AND THEREIN. THE PARTIES ACKNOWLEDGE THAT: (i) THEY HAVE READ SUCH DOCUMENTATION;
(ii) THEY HAVE BEEN REPRESENTED IN THE PREPARATION, NEGOTIATION AND EXECUTION OF SUCH DOCUMENTATION BY LEGAL COUNSEL OF THEIR OWN CHOICE OR THAT THEY HAVE VOLUNTARILY DECLINED TO SEEK SUCH
COUNSEL; (iii) THEY UNDERSTAND THE TERMS AND CONSEQUENCES OF THE NOTE, THIS AGREEMENT, THE DEED OF TRUST AND ALL RELATED DOCUMENTATION AND THE OBLIGATIONS THEY CREATE; AND (iv) THEY ARE
FULLY AWARE OF THE LEGAL AND BINDING EFFECT OF THIS AGREEMENT, THE NOTE, THE DEED OF TRUST AND THE OTHER DOCUMENTS CONTEMPLATED BY THIS AGREEMENT. 

	INITIAL:	 	/s/  AD      
 (Employee)	 	INITIAL:	 	/s/  MOH      
 (Company)

        IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. 

	EMPLOYEE:	 	COMPANY:
	

/s/  ADRIAN DILLON      
 Adrian Dillon	
 	

Agilent Technologies, Inc., a Delaware Corporation
	

Address:	
 	

395 Page Mill Road

Palo Alto, California 94306	
 	

By:	
 	

/s/  MARIE OH HUBER      

	 	 	 	 	Its:	 	Marie Oh Huber

	

 	
 	

 	
 	

Address:	
 	

395 Page Mill Road

Palo Alto, CA 94306
	

 	
 	

 	
 	

MARIE OH HUBER

Vice President, Assistant Secretary

and Assistant General Counsel

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Exhibit 10.11    
    

	 	 	Agilent Technologies, Inc.

395 Page Mill Road, MS

A3-14

Palo Alto, California

94306
	

 	
 	
Adrian Dillon

Executive Vice President

Finance and

Administration

Chief Financial Officer

April 4,
2006 

Keith
Barnes

[address] 

Dear
Keith, 

        We
are pleased that you are interested in joining our team at Verigy, the Agilent Technologies Semiconductor Test Systems business that we plan to spin off by the end of the fiscal year.
This letter outlines our offer of employment for the position of Chief Executive Officer and our intent to nominate you to serve as a member of the board of directors of Verigy. This offer is subject
to the approval of Agilent's Compensation Committee. 

        Your
base salary will be $500,000 per year, and you will be a participant in the Verigy variable pay program at the beginning of the next fiscal
quarter. If your start date is on or before May 1, 2006, you will be a participant in the Verigy variable pay program beginning May 1,
2006. Your annual variable pay target bonus opportunity will be 100%, paid semiannually and broken out as follows: 1) 15% target bonus opportunity tied to Verigy long-term financial
goals; 2) 85% target bonus opportunity based upon other short-term financial and operational goals to be determined. For your first year of employment, we will guarantee you a
payout at 50% of your target annual bonus ($250,000), paid semiannually and contingent on your continued service as provided under the program. 

        In
addition, we are pleased to offer you an initial Restricted Stock grant equivalent to $800,000 in value. This grant of Verigy restricted stock will be effective at the date of the
Initial Public Offering, and the number of shares will be determined using the price at which the shares will be first offered to the public (as reflected on the cover page of the final prospectus,
the "Public Offering Price"). We also offer you a non-qualified option to purchase 750,000 shares, effective at the date of the Initial Public Offering, with an exercise price equal to the
Public Offering Price. Both components of this initial equity grant will vest 25% per year, on an annual basis, with the first 25% vesting on the first anniversary of the IPO date. The terms and
conditions of your grant will be governed by the Verigy stock plan and subject to the Verigy Board of Directors' approval. In addition to this "initial hire" equity grant, you can anticipate
subsequent annual Long Term Incentive awards based on performance and market practice. 

        Should
you join Agilent Technologies/Verigy, we will reimburse you for actual and reasonable living expenses (lodging, car rental, meals, and travel to and from Portland for you and on
occasion your family) subject to a monthly cap of $6,500 for a period not to exceed 3 years from the date of hire. You will provide documentation of such expenses in order to receive these
reimbursements. After 3 years from your hire date, you agree to relocate to the Bay Area from Portland. Your relocation will be covered under the Verigy Relocation program. Verigy will
reimburse you for documented actual and reasonable expenses incurred in relocating from Portland to the Bay Area (e.g., shipment of household goods, final move to new location, relevant fees and
commissions, and reimbursement for the tax cost, if any, related to the reimbursement of relocation expenses). 

        Should
you join Agilent Technologies/Verigy, you will have the opportunity to receive a severance benefit. Prior to the date of the IPO, in the event of your involuntary termination
without cause or your voluntary termination with good reason, or in the unlikely event that the IPO does not take place
by December 31, 2006, you will be eligible to receive a severance benefit equal to 12 months of your current annual base salary plus 100% of your annual target bonus and COBRA coverage
paid by the employer until the earlier to occur of the date (i) that is twelve months after your termination, or (ii) you commence employment with another employer that offers medical
coverage. In the event of your involuntary termination without cause or your voluntary termination with good reason within twenty four months from the date of the IPO, the benefit opportunity will be
equal to 100% of your current annual base salary plus 100% of your annual target bonus and COBRA coverage paid by the employer until the earlier to occur of the date (i) that is twelve months
after your termination, or (ii) you commence employment with another employer that offers medical coverage. Additionally, all unvested stock options and restricted stock will immediately vest.
Additional details will be provided in a separate severance agreement provided soon after acceptance of the employment offer. 

        Should
you join Agilent Technologies/Verigy, you will have the opportunity to participate in Verigy's Change of Control program, which provides certain benefits in the event of a
termination under specified circumstances after a change of control. The benefit will include a severance payment equal to 200% of your annual base salary and target annual bonus as well as
accelerated vesting of all outstanding stock options and restricted stock. The Verigy Change of Control agreement would go into effect after final distribution of Verigy stock by Agilent
Technologies, Inc. 

        You
will also be eligible for 20 days of Flexible Time Off (FTO), effective your first year of employment, and other Agilent Technologies/Verigy benefits, according to their
terms. A few key Agilent Technologies/Verigy benefits are stock purchase plan, 401K plan; medical and dental plans. 

        Please
note that this offer is contingent upon: 

	1.
	Completion
and return of Employment Acceptance form

	2.
	Completion
and return of Agreement Regarding Confidential Information and Proprietary Developments

	3.
	Completion
of a background check

(http://www.sterlingtesting.com/ad/agilent/bg)

Because we are committed to providing a safe and productive work environment, if you accept my employment offer you will be required to successfully complete a background check which includes
verification of such things as prior employment and educational and criminal conviction history. An Agilent Technologies representative will contact you to assist with the background check. 

        Your
employment with Agilent Technologies/Verigy shall be "at will" at all times. 

        Enclosed
with this letter is a current copy of our Standards of Business Conduct. Adherence to these policies, including subsequent changes, is required of all employees. Also enclosed
for your signature are (1) Agilent Technologies' Agreement Regarding Confidential Information and Proprietary Developments and (2) the Employment Acceptance Form. You may notify me by
phone or email of your intention to accept this offer; however for such acceptance to be valid, these forms must be signed and returned to me. 

        Keith,
I am excited about the prospect of your joining Verigy. If you have any questions, please call me. 

Sincerely, 

Adrian
Dillon

Executive Vice President

Finance and Administration

Chief Financial Officer 

Enclosures

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Exhibit 10.11

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