Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.2

Nektar Discretionary Incentive Compensation Policy 

1.0 Purpose

Effective January 1, 2008, Nektar has adopted the 2008 Nektar Discretionary Incentive
Compensation Policy (the “Policy”). This Policy supersedes all previous incentive compensation,
bonus, or variable compensation policies and plans, regardless of the manner in which they were
communicated, including incentive compensation arrangements referenced in offer letters. This
Policy can provide an eligible employee with additional compensation beyond the employee’s base
pay, in recognition of the quality of the employee’s individual performance and Nektar’s level of
achievement of its corporate objectives and goals, the amount of which is determined in Nektar’s
sole and final discretion.

2.0 Scope

All regular full-time and part-time employees, except the Chief Executive Officer, are
eligible to participate in this Policy. Temporary, contract and vendor employees are not eligible
to participate.

3.0 Policy

3.1 This Policy is an annual policy, with the Performance Period from January 1 through
December 31.

3.2 During the first quarter of each year, Nektar will review the annual incentive
compensation target for each employee. The target will be a percentage of the employee’s base
compensation. With respect to overtime-exempt employees, “base compensation” means an employee’s
base salary earned during a Performance Period. With respect to overtime non-exempt employees,
“base compensation” means an employee’s base salary or hourly wages, including overtime, plus any
shift differential premium paid pursuant to Nektar’s policies, earned during the Performance
Period.

3.3 Annual incentive compensation target percentages may vary between job classifications,
management levels, and employees. In all cases, other than the incentive compensation target
percentages of the direct reports to the Chief Executive Officer which are subject to approval by
the Organization and Compensation Committee of the Board of Directors (the “Compensation
Committee”), each employee’s annual incentive target percentage will be determined in the sole and
final discretion of Nektar. The annual incentive compensation target is merely a goal,
representing the amount that might be paid to an eligible employee who meets individual performance
expectations and Nektar achieves its corporate objectives and goals. There is no guarantee that
this annual incentive compensation target percentage, nor any dollar amount, will be paid to any
participating employee in this Policy. Depending on Nektar’s corporate performance and the
eligible employee’s performance, as well as management discretion, an amount
greater or lesser than the incentive compensation target percentage or amount may be awarded
to an eligible employee. A participating employee may receive between 0% to 200% of their annual
incentive compensation target depending on the corporate performance rating determined by the Board
of Directors and such employee’s individual performance as determined in the sole discretion of
Nektar. In all cases, whether an eligible employee is paid any incentive compensation award, as
well as the amount of any such award, is within Nektar’s sole and final discretion.

 

 

 

3.4 The Board of Directors, in consultation with the Chief Executive Officer, will establish
corporate objectives and goals for each annual Performance Period.

3.5 Following the close of the Performance Period, the Board of Directors, in consultation
with the Chief Executive Officer, will measure and determine Nektar’s level of achievement of its
corporate objectives and goals for that Performance Period. Based on this evaluation, they may
determine a percentage at which Nektar met its corporate goals and objectives during the annual
Performance Period ranging from 0% to a maximum of 200%. This corporate performance percentage
rating shall be established by the Board of Directors, within their sole and final discretion. The
Board of Directors may, within its sole and final discretion, determine that Nektar’s corporate
performance for a Performance Period does not merit awarding any incentive compensation under this
Policy.

3.6 Nektar management conducts annual reviews of employee performance. An eligible employee’s
performance rating in this review will be used to determine the employee’s individual performance
rating for the annual Performance Period. All determinations of an employee’s individual
performance rating are within Nektar’s sole and final discretion.

3.7 To receive an incentive compensation award, an eligible employee’s performance rating must
be at least “meets expectations” for the annual Performance Period. An eligible employee with an
individual performance rating of “occasionally does not meet expectations” may be eligible for a
reduced incentive compensation award or no incentive compensation in the sole and final discretion
of Nektar.” An eligible employee with any lower performance rating than “occasionally does not
meet expectations” will not be eligible for an incentive compensation award in any amount. An
eligible employee whose performance rating makes him or her eligible for an incentive compensation
award may receive an incentive compensation award of more or less than the eligible employee’s
target amount based on the final determination of the Board of Directors regarding Nektar’s level
of achievement of its corporate objectives and goals for that annual Performance Period and the
eligible employee’s individual performance. The amount of any incentive compensation award to an
eligible employee is within management’s sole and final discretion.

3.8 A new employee hired during a Performance Period is eligible for an incentive compensation
award under this Policy pro-rated to cover the portion of the annual Performance Period in which
the new employee worked.

 

-2-

 

3.9 To be eligible for an incentive compensation award for any annual Performance Period, an
employee must be actively employed by Nektar from the later of (i) the beginning of the Performance
Period or (ii) entry into an eligible position prior to the conclusion of the Performance Period,
and in either case the eligible employee must remain employed through the payment date of the
incentive compensation (if any) paid to eligible employees under this Policy. Any incentive
compensation award determined payable under this Policy will be paid during the first calendar
quarter of the year following the conclusion of the annual Performance Period, or as soon as
practicable thereafter during the year following the annual Performance Period.

3.10 Employees who were on a leave of absence during the annual Performance Period, and who
are still employed by Nektar at the time of payment to eligible employees under this Policy for
such annual Performance Period, will be eligible for a pro rata incentive compensation award for
the portion of the annual Performance Period in which they were employed and not on a leave of
absence, subject to the other conditions set forth in this Policy, including review of the eligible
employee’s individual performance as determined in the sole and final discretion of Nektar.

3.11 All determinations related to this Policy, including, but not limited to, whether any
employee is awarded an incentive compensation award, the amount of any incentive compensation
award, whether and to what extent Nektar met its corporate objectives and goals, and any employee’s
individual performance rating, are within Nektar’s sole and final discretion and are not
reviewable.

3.12 This Policy is not contractual and may be changed or withdrawn at will by a written
communication from both the Senior Vice President, Human Resources and Chief Executive Officer and
can only be changed or withdrawn by a written communication from both the Senior Vice President,
Human Resources and Chief Executive Officer. All questions concerning the interpretation and
application of this Policy that are not specifically answered by the terms of this Policy shall be
resolved within Nektar’s sole and final discretion. This Policy does not alter the terminable at
will relationship between employees of Nektar.

 

-3-Filed by Bowne Pure Compliance

 

Exhibit 10.29

DATED 18TH DAY OF JANUARY 2008

(1) CEVA IRELAND LIMITED

(2) IVOR FITZPATRICK

 

ASSIGNMENT OF LEASEHOLD INTEREST BY A COMPANY

OF

32-34, HARCOURT STREET, DUBLIN 2

 

MATHESON ORMSBY PRENTICE

70 Sir John Rogerson’s Quay

Dublin 2

Ireland

TEL + 353 1 232 2000

FAX + 353 1 232 3333

15764508.1

 

 

 

THIS ASSIGNMENT is made on 18th day of January 2008

BETWEEN

	(1)	 	CEVA IRELAND LIMITED (FORMERLY PARTHUSCEVA IRELAND LIMITED) a Limited Liability Company,
company registration number 317331, having its registered office at 8-11, Lower Baggot Street,
Dublin 2 (the “Assignor” which expression where the context so admits or requires shall
include its successors and assigns)

AND

	(2)	 	IVOR FITZPATRICK Solicitor of 44/45, St. Stephens Green, Dublin 2 (the “Assignee” which
expression where the context so admits or requires shall include his executors administrators
heirs and assigns)

WHEREAS:

	A.	 	By Lease (the “Lease”) made 8 November 1996 between (1) Veton Properties Limited and (2)
Silicon Systems Design Limited, the premises (the “Premises”) described in the Schedule hereto
were demised unto the said Silicon Systems Design Limited for a term of 25 years from 8
November 1996 subject to the initial yearly rent of IR£300,000.00 (EUR€380,921.42) subject
to review as therein and to the covenants on the part of the lessee and conditions therein
contained.

	B.	 	By Deed of Assignment dated 16 May 2003 between (1) Silicon Systems Design Limited and (2)
the Assignor (under its then name of Parthusceva Ireland Limited) the premises was assigned to
the Assignor for the residue of the term of years granted by the Lease subject to the said
yearly rent thereby reserved and to the covenants on the part of the lessee and conditions
therein contained.

	C.	 	By Certificate of Incorporation on Change of name dated 14 January 2004 Parthusceva Ireland
became known as Ceva Ireland Limited

	D.	 	The Assignor has agreed and is desirous of assigning all its estate and interest in the
Premises to the Assignee and the Assignor has agreed to pay to the Assignee the sum of
€3,887,735 and the Assignee has agreed to assume all of the obligations and covenants on
the lessee’s part contained in the Lease.

NOW THIS ASSIGNMENT WITNESSETH:

	1.	 	That in consideration of the Assignee assuming responsibility for all the obligations,
liabilities, covenants and rights of the Assignor pursuant to the Lease from the date of these
presents and in return for the payment by the Assignor to the Assignee of the sum of
€3,887,735 (the receipt of which the Assignee hereby acknowledges) the Assignor as
beneficial owner HEREBY GRANTS AND ASSIGNS unto the Assignee the Premises TO HOLD the same
unto and to the use of the Assignee for all the residue unexpired of the said term of years
demised by the Lease SUBJECT TO the said rent thereby reserved and subject to the covenants on
the part of the lessee and conditions therein contained.

	2.	 	The Assignee hereby covenants with the Assignor to pay the rent reserved by the Lease and to
observe and perform the covenants on the part of the lessee and conditions in the Lease
contained and to indemnify and keep indemnified the Assignee against all actions costs claims
and demands arising out of the non-payment of the said rent or any part thereof or the breach
non-observance or non-performance of the said covenants and conditions or any of them.

IT IS HEREBY CERTIFIED:

	(i)	 	That this is an instrument to which the provisions of Section 29 of the Stamp Duties
Consolidation Act, 1999 do not apply.

	 
	(ii)	 	That the provisions of Section 29 of the Companies Act, 1990 do not apply to this instrument.

IN WITNESS WHEREOF the parties have hereunto caused their seals to be affixed hereto the day
and year first herein written.

 

1

 

SCHEDULE

ALL THAT AND THOSE the premises demised by the Lease and therein described as “ALL THAT AND THOSE
the property comprised in Folio 2304F County Dublin as more particularly known as the Lands and
Premises known as 32/34, Harcourt Street in the City of Dublin”.

 

2

 

	 	 	 
	PRESENT when the Common Seal
of THE ASSIGNOR
was affixed hereto:
	 	 
	 
	 	 
	/s/ Fergal Shanahan
 

Fergal Shanahan

	 	 
	Director
	 	 
	Ceva Ireland Limited
	 	 
	 
	 	 
	/s/ Layla Bates
 

Layla Bates

	 	 
	Company Secretary
	 	 
	Ceva Ireland Limited
	 	 
	 
	 	 
	PRESENT when the Common Seal
of THE ASSIGNEE
was affixed hereto:
	 	 
	 
	 	 
	/s/ Vicky Pigor
 

Vicky Pigor

	 	 
	Solicitor
	 	 
	Dublin 2
	 	 
	 
	 	 
	/s/ Ivor Fitzpatrick
 

Ivor Fitzpatrick

	 	 

 

3

 

OCTOBER PROPERTY HOLDINGS LIMITED as the person now entitled to the Lessor’s interest in the Lease
in accordance with the alienation provisions contained in the Lease hereby endorses its consent to
the Assignment of the Premises by CEVA Ireland Limited to Ivor Fitzpatrick in the manner herein
provided and hereby releases CEVA Ireland Limited from its obligations, covenants and liabilities
contained in the Lease whether past present or future with effect from the date hereof.

	 	 	 
	PRESENT when the Common Seal of
OCTOBER PROPERTY HOLDINGS LIMITED
was affixed hereto:
	 	 
	 
	 	 
	/s/ Ivor Fitzpatrick
 

Ivor Fitzpatrick

	 	 
	Director
	 	 
	October Property Holdings Limited
	 	 
	 
	 	 
	/s/ Paddy McKillen
 

Paddy McKillen

	 	 
	Director
	 	 
	October Property Holdings Limited
	 	 

 

4

 

DATED 18TH DAY OF JANUARY 2008

(1) CEVA IRELAND LIMITED

(2) IVOR FITZPATRICK

 

ASSIGNMENT OF LEASEHOLD INTEREST

BY A COMPANY

OF

32-24, HARCOURT STREET, DUBLIN 2

 

MATHESON ORMSBY PRENTICE

70 Sir John Rogerson’s Quay

Dublin 2

Ireland

TEL + 353 1 232 2000

FAX + 353 1 232 3333

15764508.1

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