Document:

tse_EX_10-4

			
					
						 

					
					
						Exhibit 10.4

				
	
					
						 

					
					
						 

				
	
					
						

					
					
						Trinseo S.A.

				

		
			 
		

		
			June 18, 2018
		

		
			Mr. Angelo Chaclas
		

		
			Subject:  Definition of Retirement for Equity Awards under 2014 Omnibus Incentive Plan
		

		
			Dear Angelo:
		

		
			This letter confirms the following definition of "Retirement" is applicable to all equity (Restricted Stock Units, Stock Options, Performance Award Stock Units) granted to you under Trinseo's 2014 Omnibus Incentive Plan in the event of an involuntary termination:
		

		
			"Retirement" means a retirement from active Employment after the Optionee (in the case of Stock Options) or Grantee (in the case of Restricted Stock Units or Performance Award Stock Units) has attained age fifty-five (55) with at least eight (8) years  of continuous service with the Company.
		

		
			**
		

			
					
						Trinseo S.A.

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Christopher D. Pappas

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Name:  Christopher D. Pappas

					
					
						 

				
	
					
						Title:  Chief Executive Officer and PresidentEX-10.1

 Exhibit 10.1 

April 2, 2018 
 VIA HAND DELIVERY 

Drake Parker 
 Intersect ENT, Inc. 

1555 Adams Drive 
 Menlo Park, CA 94025 

Dear Drake: 
 This letter sets forth the substance of the
transition and separation agreement (the “Agreement”) that Intersect ENT, Inc. (the “Company”) is offering to you. The terms set forth herein amend and supersede your offer of employment dated July 6, 2017. 

1.    Transition and Separation. Effective as of April 2, 2018 (the “Effective
Date”), your title will be Advisor – Strategic Initiatives. In this non-officer position, you will report to the Company’s Chief Executive Officer, and perform those projects and functions as
specifically directed by her. You will not be expected to work a full-time schedule, however you will continue to receive your regular full-time salary. You will remain in this role through July 31, 2018, which will be your last day of
employment; provided, however, that if you obtain new employment prior to July 31, 2018, you are required to notify the Company and your employment will end immediately. Your last day of employment, whenever it occurs, will be the
“Separation Date.” On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation/PTO earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled
to these payments by law. 
 2.    Severance Benefits. If, on the Separation Date, you sign
the Separation Date Release attached hereto as Exhibit A, allow it to become effective, and comply with your obligations under this Agreement and the Separation Date Release, then the Company will provide you the following severance benefits: 

a.    The Company will pay you, as severance, an amount equivalent to eight (8) months of your annual
base salary as of the Separation Date, subject to standard payroll deductions and withholdings, to be paid in a lump sum within ten (10) days after the Separation Date Release Effective Date (as defined therein). In the event your employment
ends before July 31, 2018 because you obtain new employment prior to that date, then your severance payment will also include payment of the base salary you would have earned between the Separation Date and July 31, 2018 had you remained
employed through that period. 
 b.    The Company will pay you, as severance, an amount equal to 25% of
your 2018 target annual bonus, to be paid in a lump sum within ten (10) days after the Separation Date Release Effective Date (as defined therein). 

c.    Provided that you timely elect continued coverage under COBRA, the Company shall reimburse you for
the COBRA health insurance premiums (the “COBRA Payments”) necessary to continue your level of health insurance coverage (including coverage for eligible dependents, if applicable) as of the Effective Date through the period starting on
the 

 Drake Parker 

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Effective Date and ending on the earliest to occur of: (i) April 31, 2019; (ii) the date you become eligible for group health insurance coverage through a new employer; or
(iii) the date you cease to be eligible for COBRA coverage for any reason (the “COBRA Payment Period”). You agree to promptly notify the Company if you become eligible for group health insurance coverage through a new employer before
May 1, 2019. You must timely pay your COBRA premiums, and then provide the Company with proof of same, to obtain reimbursement for your COBRA premiums under this Section 2.c. Notwithstanding the foregoing, if the Company determines, in its
sole discretion, that it cannot pay the COBRA Payments without a substantial risk of violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), then at the end of each remaining month of the COBRA
Payment Period, the Company instead shall pay you a fully taxable cash payment equal to the COBRA Payment amount the Company would have otherwise paid or reimbursed on your behalf, less applicable tax withholdings and deductions, which you may, but
are not obligated to, use toward the cost of COBRA premiums. 
 d.    The Company will provide you with
up to $7,000 of executive outplacement services, through a provider of its choice, provided that you register for such services within thirty (30) days after the Effective Date. 

3.    Stock Options. Under the terms of your stock option agreement and the applicable plan
documents, vesting of your stock options will cease as of the Separation Date. Your right to exercise any vested shares, and all other rights and obligations with respect to your stock options(s), will be as set forth in your stock option agreement,
grant notice and applicable plan documents. 
 4.    Other Compensation or Benefits. You
acknowledge that, except as expressly provided in this Agreement, you have not earned and will not receive from the Company any additional compensation (including base salary, bonus, incentive compensation, or equity), severance, or benefits before
or after the Effective Date, with the exception of any vested right you may have under the express terms of a written ERISA-qualified benefit plan (e.g., 401(k) account) or any vested options. For the avoidance of doubt, you will not be entitled to
any bonus compensation except as specified in Section 2.b. above, will not be entitled to any change in control benefits under any existing plan or agreement, and will not be eligible for any severance benefits (except as provided herein),
whether under your former employment agreement or otherwise. 
 5.    Expense
Reimbursements. You agree that, within ten (10) days after the Separation Date, you will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through the Separation Date, if any, for
which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice. 

6.    Return of Company Property. By the close of business on the Separation Date, you agree
to return to the Company all Company documents (and all copies thereof) and other Company property which you have in your possession or control, including, but not limited to, 

 Drake Parker 

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Company files, notes, drawings, records, plans, forecasts, reports, studies, analyses, proposals, agreements, financial information, research and development information, sales and marketing
information, customer lists, prospect information, pipeline reports, sales reports, operational and personnel information, specifications, code, software, databases, computer-recorded information, tangible property and equipment (including, but not
limited to, computers, facsimile machines, mobile telephones, servers), credit cards, entry cards, identification badges and keys; and any materials of any kind which contain or embody any proprietary or confidential information of the Company (and
all reproductions thereof in whole or in part). You agree that you will make a diligent search to locate any such documents, property and information by the close of business on the Separation Date. If you have used any personally owned computer,
server, or e-mail system to receive, store, review, prepare or transmit any Company confidential or proprietary data, materials or information, within fifteen (15) business days after the Separation Date,
you shall provide the Company with a computer-useable copy of such information and then permanently delete and expunge such Company confidential or proprietary information from those systems; and you agree to provide the Company access to your
system as requested to verify that the necessary copying and/or deletion is done. Your timely compliance with this paragraph is a condition precedent to your receipt of the severance benefits provided under this Agreement. 

7.    Proprietary Information Obligations. You acknowledge and reaffirm your continuing
obligations under your Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit B. 

8.    Confidentiality. The provisions of this Agreement will be held in strictest confidence
by you and will not be publicized or disclosed by you in any manner whatsoever; provided, however, that: (a) you may disclose this Agreement in confidence to your immediate family and to your attorneys, accountants, tax preparers and financial
advisors; and (b) you may disclose this Agreement insofar as such disclosure may be necessary to enforce its terms or as otherwise required by law. In particular, and without limitation, you agree not to disclose the terms of this Agreement to
any current or former Company employee. 
 9.    Nondisparagement. You agree not to
disparage the Company, its officers, directors, employees, shareholders, and agents, in any manner likely to be harmful to its or their business, business reputation, or personal reputation; provided that you will respond accurately and fully to any
question, inquiry or request for information when required by legal process. 
 10.    No
Admissions. You understand and agree that the promises and payments in consideration of this Agreement shall not be construed to be an admission of any liability or obligation by the Company to you or to any other person, and that the Company
makes no such admission. 
 11.    Release of Claims. In exchange for the consideration
under this Agreement to which you would not otherwise be entitled, you hereby generally and completely release the Company and its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors,

 Drake Parker 

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successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way
related to events, acts, conduct, or omissions occurring at any time prior to and including the date you sign this Agreement. This general release includes, but is not limited to: (a) all claims arising out of or in any way related to your
employment with the Company or the termination of that employment; (b) all claims related to your compensation or benefits from the Company, including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe
benefits, stock, stock options, or any other ownership interests in the Company; (c) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing; (d) all tort claims, including
claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (e) all federal, state, and local statutory claims, including claims for discrimination, harassment, retaliation, attorneys’ fees, or other
claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the California Labor Code (as amended), the California Family Rights Act, and the California Fair Employment and Housing Act
(as amended). Notwithstanding the foregoing, you are not releasing the Company hereby from any obligation to indemnify you pursuant to the Articles and Bylaws of the Company, any valid fully executed indemnification agreement with the Company,
applicable law, or applicable directors and officers liability insurance. You also are not waiving any rights under the Age Discrimination in Employment Act, nor any rights that cannot be waived by law. 

12.    Protected Rights. You understand that nothing in this Agreement limits your ability to
file a charge or complaint with the Equal Employment Opportunity Commission, the Department of Labor, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any other federal,
state or local governmental agency or commission (“Government Agencies”). You further understand this Agreement does not limit your ability to communicate with any Government Agencies or otherwise participate in any investigation or
proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. While this Agreement does not limit your right to receive an award for information provided to the
Securities and Exchange Commission, you understand and agree that, to maximum extent permitted by law, you are otherwise waiving any and all rights you may have to individual relief based on any claims that you have released and any rights you have
waived by signing this Agreement. You represent that you have no lawsuits, claims, or actions pending in your name, or on behalf of any other person or entity, against the Company or any other person or entity subject to the release granted
in this section and/or the releases granted in this Agreement. 
 13.    Section 1542
Waiver. In giving the release herein, which includes claims which may be unknown to you at present, you acknowledge that you have read and understand Section 1542 of the California Civil Code, which reads as follows: 

“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor
at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” 

 Drake Parker 

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 You hereby expressly waive and relinquish all rights and benefits under that section and any law of any other
jurisdiction of similar effect with respect to your release of claims herein, including but not limited to your release of unknown claims. 

14.    Section 409A. The Parties intend that this Agreement and the payments and other
benefits provided hereunder shall be exempt from the requirements of Internal Revenue Code Section 409A, whether pursuant to the short-term deferral exception described in Treasury Regulation
Section 1.409A-1(b)(4), the involuntary separation pay plan exception described in Treasury Regulation Section 1.409A-1(b)(9)(iii), or otherwise.
Notwithstanding any other provision of this Agreement to the contrary, this Agreement shall be interpreted, operated and administered in a manner consistent with such intentions. It is intended that each installment of the payments provided
hereunder constitute separate “payments” for purposes of Treasury Regulation Section 1.409A-2(b)(2)(i). 

15.    Miscellaneous. This Agreement, including all Exhibits, constitutes the complete, final
and exclusive embodiment of the entire agreement between you and the Company with regard to its subject matter. It is entered into without reliance on any promise or representation, written or oral, other than those expressly contained herein, and
it supersedes any other such promises, warranties or representations, including without limitation the terms of the offer letter between the Company and you dated July 6, 2017. This Agreement may not be modified or amended except in a writing
signed by both you and a duly authorized officer of the Company. This Agreement will bind the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, their heirs,
successors and assigns. If any provision of this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement and the provision in question will be modified so
as to be rendered enforceable. This Agreement will be deemed to have been entered into and will be construed and enforced in accordance with the laws of the State of California without regard to conflict of laws principles. Any ambiguity in this
Agreement shall not be construed against either party as the drafter. Any waiver of a breach of this Agreement shall be in writing and shall not be deemed to be a waiver of any successive breach. This Agreement may be executed in counterparts and
facsimile signatures will suffice as original signatures. 

 Drake Parker 

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 If this Agreement is acceptable to you, please sign below and return the original to me. 

We wish you the best in your future endeavors. 
 Sincerely, 

 

			
	By:	 	 /s/ Lisa Earnhardt

		 	 Lisa Earnhardt

		 	 President and Chief Executive Officer

 I HAVE READ, UNDERSTAND AND AGREE
FULLY TO THE FOREGOING AGREEMENT: 
  

	
	/s/ Drake Parker
	Drake Parker
	
	4/3/18
	Date

 EXHIBIT A 

SEPARATION DATE RELEASE 

(TO BE SIGNED ON THE SEPARATION DATE) 
 In
exchange for the severance benefits to be provided to me by Intersect ENT (the “Company”) pursuant to the Separation Agreement between the Company and me (the “Separation Agreement”), I hereby provide the following Separation
Date Release. 
 In exchange for the consideration to which I would not otherwise be entitled, I hereby generally and completely release the Company and its
directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent or subsidiary entities, insurers, affiliates and assigns from any and all claims, liabilities and obligations, both known and unknown, that
arise out of or are in any way related to events, acts, conduct, or omissions prior to or on the date I sign this Separation Date Release. 
 This general
release includes, but is not limited to: (1) all claims arising out of or in any way related to my employment with the Company or the termination of that employment; (2) all claims related to my compensation or benefits from the Company,
including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options or any other ownership interests in the Company; (3) all claims for breach of contract, wrongful termination or
breach of the implied covenant of good faith and fair dealing; (4) all tort claims, including claims for fraud, defamation, emotional distress and discharge in violation of public policy; and (5) all federal, state, and local statutory
claims, including claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the federal Age
Discrimination in Employment Act (the “ADEA”) (as amended), or the California Fair Employment and Housing Act (as amended). 
 Notwithstanding the
foregoing, I am not hereby releasing the Company from any of the following claims: (a) any rights or claims for indemnification I may have pursuant to any written indemnification agreement with the Company to which I am a party, the charter,
bylaws, or operating agreements of the Company, or under applicable law; (b) any rights that cannot be waived as a matter of law; or (c) any claims arising from the breach of this Separation Date Release. In addition, nothing in this
Separation Date Release prevents me from filing, cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission, the Department of Labor, or the California Department of Fair Employment and Housing. 

I acknowledge that I am are knowingly and voluntarily waiving and releasing any rights I may have under the ADEA. I also acknowledge that the consideration
given for this waiver is in addition to anything of value to which I was already entitled. I further acknowledge that I have been advised by this writing, as required by the ADEA, that: (a) this waiver does not apply to any rights or claims
that arise after the date I sign this Separation Date Release; (b) I should consult with an attorney prior to signing this Separation Date Release; (c) I have had twenty-one (21) days to consider
this Separation Date Release; (d) I have seven (7) days following the date I sign this 

 
Separation Date Release to revoke (in a written revocation sent to the Company’s Chief Executive Officer); and (e) this Separation Date Release will not be effective until the date upon
which the revocation period has expired, which will be the eighth day after I sign this Separation Date Release (the “Separation Date Release Effective Date”). 

In granting the release herein, which includes claims which may be unknown to me at present, I acknowledge that I have read and understand Section 1542
of the California Civil Code: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially
affected his or her settlement with the debtor.” I hereby expressly waive and relinquish all rights and benefits under that section and any law or legal principle of similar effect in any jurisdiction with respect to the releases granted
herein, including but not limited to the release of unknown and unsuspected claims granted in this Separation Date Release. 
 I hereby represent that to
date: (i) I have been paid all compensation owed and have been paid for all hours worked; (ii) I have received all the leave and leave benefits and protections for which I am eligible pursuant to the federal Family and Medical Leave Act,
the California Family Rights Act, or otherwise; and (iii) I have not suffered any on-the-job injury for which I have not already filed a workers’ compensation
claim. 
  

			
		
	By:	 	 
		 	    Drake Parker

 
			
		
	Date:	 	 

 EXHIBIT B 

PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT 

 EMPLOYEE CONFIDENTIAL INFORMATION AND INVENTIONS ASSIGNMENT AGREEMENT 

In consideration of my employment or continued employment by Intersect ENT, Inc. (“Company”), and the compensation
paid to me now and during my employment with the Company, I agree to the terms of this Agreement as follows: 

 

 1. CONFIDENTIAL INFORMATION PROTECTIONS. 

1.1 Nondisclosure; Recognition of Company’s Rights. At all times during and after my employment, I will hold in confidence and
will not disclose, use, lecture upon, or publish any of Company’s Confidential Information (defined below), except as may be required in connection with my work for Company, or as expressly authorized by the Chief Executive Officer (the
“CEO”) of Company. I will obtain the CEO’s written approval before publishing or submitting for publication any material (written, oral, or otherwise) that relates to my work at Company and/or incorporates any Confidential
Information. I hereby assign to Company any rights I may have or acquire in any and all Confidential Information and recognize that all Confidential Information shall be the sole and exclusive property of Company and its assigns. 

1.2 Confidential Information. The term “Confidential Information” shall mean any and all confidential knowledge,
data or information related to Company’s business or its actual or demonstrably anticipated research or development, including without limitation (a) trade secrets, inventions, ideas, processes, computer source and object code, data,
formulae, programs, other works of authorship, know-how, improvements, discoveries, developments, designs, and techniques; (b) information regarding products services, plans for research and development,
marketing and business plans, budgets, financial statements, contracts, prices, suppliers, and customers; (c) information regarding the skills and compensation of Company’s employees, contractors, and any other service providers of
Company; and (d) the existence of any business discussions, negotiations, or agreements between Company and any third party. 

1.3 Third Party Information. I understand that Company has received and in the future will receive from third parties confidential or
proprietary information (“Third Party Information”) subject to a duty on Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. During and after the term of my
employment, I will hold Third Party Information in strict confidence and will not disclose to anyone (other than Company personnel who need to know such information in connection with their work for Company) or use, Third Party Information, except
in connection with my work for Company or unless expressly authorized by an officer of Company in writing. 
 1.4 No Improper Use of
Information of Prior Employers and Others. I represent that my employment by Company does not and will not breach any agreement with any former employer, including any noncompete agreement or any agreement to keep in confidence or refrain from
using

 
information acquired by me prior to my employment by Company. I further represent that I have not entered into, and will not enter into, any agreement, either written or oral, in conflict with my
obligations under this Agreement. During my employment by Company, I will not improperly make use of, or disclose, any information or trade secrets of any former employer or other third party, nor will I bring onto the premises of Company or use any
unpublished documents or any property belonging to any former employer or other third party, in violation of any lawful agreements with that former employer or third party. I will use in the performance of my duties only information that is
generally known and used by persons with training and experience comparable to my own, is common knowledge in the industry or otherwise legally in the public domain, or is otherwise provided or developed by Company. 

2. INVENTIONS. 
 2.1
Inventions and Intellectual Properly Rights. As used in this Agreement, the term “Invention” means any ideas, concepts, information, materials, processes, data, programs, know-how,
improvements, discoveries, developments, designs, artwork, formulae, other copyrightable works, and techniques and all Intellectual Property Rights in any of the items listed above. The term “Intellectual Property Rights” means all
trade secrets, copyrights, trademarks, mask work rights, patents and other intellectual property rights recognized by the laws of any jurisdiction or country. 

2.2 Prior Inventions. I have disclosed on Exhibit A a complete list of all Inventions that (a) I have, or I have caused
to be, alone or jointly with others, conceived, developed, or reduced to practice prior to the commencement of my employment by Company; (b) in which I have an ownership interest or which I have a license to use; (c) and that I wish to
have excluded from the scope of this Agreement (collectively referred to as “Prior Inventions”). If no Prior Inventions are listed in Exhibit A, I warrant that there are no Prior Inventions. I agree that I will not
incorporate, or permit to be incorporated, Prior Inventions in any Company Inventions (defined below) without Company’s prior written consent. If, in the course of my employment with Company, I incorporate a Prior Invention into a Company
process, machine or other work, I hereby grant Company a non-exclusive, perpetual, fully-paid and royalty-free, irrevocable and worldwide license, with rights to sublicense through multiple levels of
sublicensees, to reproduce, make derivative works of, distribute, publicly perform, and publicly display in any form or medium whether now known or later developed, make, have made, use. sell, import, offer for sale, and exercise any and all present
or future rights in, such Prior Invention. 

 

  
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 2.3 Assignment of Company Inventions. Inventions assigned to the Company or to a third
party as directed by the Company pursuant to the subsection titled Government or Third Party are referred to in this Agreement as “Company Inventions.” Subject to the subsection titled Government or Third Party and except for
Inventions that I can prove qualify fully under the provisions of California Labor Code section 2870 and I have set forth in Exhibit A, I hereby assign and agree to assign in the future (when any such Inventions or Intellectual Property
Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to Company all my right, title, and interest in and to any and all Inventions (and all Intellectual Property Rights with respect thereto) made, conceived,
reduced to practice, or learned by me, either alone or with others, during the period of my employment by Company. 
 2.4 Obligation to
Keep Company Informed. During the period of my employment and for one (1) year after my employment ends, I will promptly and fully disclose to Company in writing (a) all Inventions authored, conceived, or reduced to practice by me, either
alone or with others, including any that might be covered under California Labor Code section 2870, and (b) all patent applications filed by me or in which I am named as an inventor or co-inventor. 

2.5 Government or Third Party. I agree that, as directed by the Company, 1 will assign to a third party, including without limitation
the United States, all my right, title, and interest in and to any particular Company Invention. 
 2.6 Enforcement of Intellectual
Property Rights and Assistance. During and after the period of my employment, I will assist Company in every proper way to obtain and enforce United States and foreign Intellectual Property Rights relating to Company Inventions in all countries.
If the Company is unable to secure my signature on any document needed in connection with such purposes, I hereby irrevocably designate and appoint Company and its duly authorized officers and agents as my agent and attorney in fact, which
appointment is coupled with an interest, to act on my behalf to execute and file any such documents and to do all other lawfully permitted acts to further such purposes with the same legal force and effect as if executed by me. 

2.7 Incorporation of Software Code. I agree that I will not incorporate into any Company software or otherwise deliver to Company any
software code licensed under the GNU General Public License or Lesser General Public License or any other license that, by its terms, requires or conditions the use or distribution of such code on the disclosure, licensing, or distribution of any
source code owned or licensed by Company. 
 3. RECORDS. I agree to keep and maintain adequate and current records (in the form of
notes, sketches, drawings and in any other form that is required by the Company) of all Inventions made by me during the period of my employment by the Company, which records shall be available to, and remain the sole property of, the Company at all
times. 

 4. ADDITIONAL ACTIVITIES. I agree that (a) during the term of my employment
by Company, I will not, without Company’s express written consent, engage in any employment or business activity that is competitive with, or would otherwise conflict with my employment by, Company, and (b) for the period of my employment
by Company and for one (1) year thereafter, I will not, either directly or indirectly, solicit or attempt to solicit any employee, independent contractor, or consultant of Company to terminate his, her or its relationship with Company in order
to become an employee, consultant, or independent contractor to or for any other person or entity. 
 5. RETURN OF
COMPANY PROPERTY. Upon termination of my employment or .upon Company’s request at any other time, I will deliver to Company all of Company’s property, equipment, and documents, together with all copies
thereof, and any other material containing or disclosing any Inventions, Third Party Information or Confidential Information and certify in writing that I have fully complied with the foregoing obligation. I agree that I will not copy, delete, or
alter any information contained upon my Company computer or Company equipment before I return it to Company. In addition, if I have used any personal computer, server, or e-mail system to receive, store,
review, prepare or transmit any Company information, including but not limited to, Confidential Information, I agree to provide the Company with a computer-useable copy of all such Confidential Information and then permanently delete and expunge
such Confidential Information from those systems; and I agree to provide the Company access to my system as reasonably requested to verify that the necessary copying and/or deletion is completed. I further agree that any property situated on
Company’s premises and owned by Company is subject to inspection by Company’s personnel at any time with or without notice. Prior to the termination of my employment or promptly after termination of my employment, I will cooperate with
Company in attending an exit interview and certify in writing that I have complied with the requirements of this section. 
 6.
NOTIFICATION OF NEW EMPLOYER. If I leave the employ of Company, I consent to the notification of my new employer of my rights and obligations under this Agreement, by Company providing
a copy of this Agreement or otherwise. 
 7. GENERAL PROVISIONS. 

7.1 Governing Law and Venue. This Agreement and any action related thereto will be governed and interpreted by and under the laws of
the State of California, without giving effect to any conflicts of laws principles that require the application of the law of a different state. I expressly consent to personal jurisdiction and venue in the state and federal courts for the county in
which Company’s principal place of business is located for any lawsuit filed there against me by Company arising from or related to this Agreement. 

7.2 Severability. If any provision of this Agreement is, for any reason, held to be invalid or unenforceable, the other provisions of
this Agreement will remain enforceable and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable to the maximum extent permitted by law.

 

  
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 7.3 Survival. This Agreement shall survive the termination of my employment and the
assignment of this Agreement by Company to any successor or other assignee and shall be binding upon my heirs and legal representatives. 

7.4 Employment. I agree and understand that nothing in this Agreement shall give me any right to continued employment by Company, and
it will not interfere in any way with my right or Company’s right to terminate my employment at any time, with or without cause and with or without advance notice. 

7.5 Notices. Each party must deliver all notices or other communications required or permitted under this Agreement in writing to the
other party at the address listed on the signature page, by courier, by certified or registered mail (postage prepaid and return receipt requested), or by a nationally-recognized express mail service. Notice will be effective upon receipt or refusal
of delivery. If delivered by certified or registered mail, notice will be considered to have been given five (5) business days after it was mailed, as evidenced by the postmark. If delivered by courier or express mail service, notice will be
considered to have been given on the delivery date reflected by the courier or express mail service receipt. Each party may change its address for receipt of notice by giving notice of the change to the other party. 

7.6 Injunctive Relief. I acknowledge that, because my services are personal and unique and because I will have access to the
Confidential Information of Company, any breach of this Agreement by me would cause irreparable injury to Company for which monetary damages would not be an adequate remedy and, therefore, will entitle Company to injunctive relief (including
specific performance). The rights

 
and remedies provided to each party in this Agreement are cumulative and in addition to any other rights and remedies available to such party at law or in equity. 

7.7 Waiver. Any waiver or failure to enforce any provision of this Agreement on one occasion will not be deemed a waiver of that
provision or any other provision on any other occasion. 
 7.8 Export. I agree not to export, directly or indirectly, any U.S.
technical data acquired from Company or any products utilizing such data to countries outside the United States in violation of the United States export laws or regulations. 

7.9 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of
which shall be taken together and deemed to be one instrument. 
 7.10 Entire Agreement. If no other agreement governs
nondisclosure and assignment of inventions during any period in which I was previously employed or am in the future employed by Company as an independent contractor, the obligations pursuant to sections of this Agreement titled Confidential
Information Protections and Inventions shall apply. This Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter hereof and supersedes and merges all prior communications between us with respect to
such matters. No modification of or amendment to this Agreement, or any waiver of any rights under this Agreement, will be effective unless in writing and signed by me and the CEO of Company. Any subsequent change or changes in my duties, salary or
compensation will not affect the validity or scope of this Agreement. 

 

  
 This Agreement shall be
effective as of the first day of my employment with Company. 
  

									
		 	EMPLOYEE:	 		 		 	COMPANY: INTERSECT ENT, INC.
					
		 	I HAVE READ, UNDERSTAND, AND ACCEPT THIS AGREEMENT AND HAVE BEEN
GIVEN THE OPPORTUNITY TO REVIEW IT WITH INDEPENDENT LEGAL COUNSEL.	 		 		 	ACCEPTED AND AGREED:
					
		 	

	 		 		 	

	(Signature)	 		 		 	(Signature)

									
					
	By:	 	 Drake Parker
	 		 	By:	 	 Vi Nguyen

									
					
	Title:	 	 CBO
	 		 	Title:	 	 Sr HR Coordinator

									
					
	Date:	 	 8/17/17
	 		 	Date:	 	 8/18/17

  
 3 

 EXHIBIT A 

INVENTIONS 
 1. Prior Inventions
Disclosure. The following is a complete list of all Prior Inventions (as provided in Subsection 2.2 of the attached Employee Confidential Information and Inventions Assignment Agreement, defined herein as the “Agreement”): 

 

	
	 ☐   None

	
	 ☐   See immediately below:

	
	  

	
	  

 2. Limited Exclusion Notification. 

THIS IS TO NOTIFY you in accordance with Section 2872 of
the California Labor Code that the foregoing Agreement between you and Company does not require you to assign or offer to assign to Company any Invention that you develop entirely on your own time without using Company’s equipment, supplies,
facilities or trade secret information, except for those Inventions that either: 
 a. Relate at the time of conception or reduction to
practice to Company’s business, or actual or demonstrably anticipated research or development; or 
 b. Result from any work performed
by you for Company. 
 To the extent a provision in the foregoing Agreement purports to require you to assign an Invention otherwise
excluded from the preceding paragraph, the provision is against the public policy of this state and is unenforceable. 
 This limited
exclusion does not apply to any patent or Invention covered by a contract between Company and the United States or any of its agencies requiring full title to such patent or Invention to be in the United States. 

  
 A-1

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