Document:

EX-10.1

 Exhibit 10.1 
  

 
 EFI 2014 Section 16 Officer—Executive Performance Bonus Program 

We are pleased to offer you participation in the EFI 2014 Executive Performance Bonus Program (the “Program”) on the terms set forth below.

 Each participant (the “Participant”) in the Program will, provided that the Participant remains employed by EFI through the date of
grant of such awards, be granted an award of restricted stock units that is subject to vesting requirements based on the performance of Electronics For Imaging, Inc. (“EFI” or the “Company”) for 2014 and the
Participant’s continued employment as set forth below. In addition, each Participant has an opportunity to earn a cash accelerator bonus based upon the performance of the Company for 2014 and the Participant’s continued employment as set
forth below. 
 Performance Equity Bonus Terms 
  

	 	•	 	Per the approval by the Company’s Compensation Committee (the “Compensation Committee”) and subject to your continued employment with the Company through the date of grant, you will be granted two
performance-based restricted stock unit (“RSU”) awards with respect to the Program. The first RSU award will be eligible to vest based on the Company’s non-GAAP operating income for 2014 and your continued employment as set
forth below (“Operating Income RSUs”). The second RSU award will be eligible to vest based on the Company’s revenue for 2014 and your continued employment as set forth below (“Revenue RSUs”). In addition, no
portion of the Revenue RSUs will vest if the RSU threshold operating income goal (identified in the table below) is not achieved for 2014. 

  

	 	•	 	The total number of RSUs that you will be granted will equal your “Equity Bonus Eligibility” amount (expressed in U.S. Dollars) set forth below, divided by the closing price of EFI’s common stock on
January 17, 2014. Fifty percent (50%) of your total RSUs will be Operating Income RSUs and fifty percent (50%) of your total RSUs will be Revenue RSUs, in each case rounded down to the nearest whole share. 

 

	 	•	 	The RSUs will be granted under and will be subject to the terms and conditions of EFI’s 2009 Equity Incentive Award Plan, as amended (the “2009 Equity Plan”) and the Restricted Stock Unit Award
Notice and Restricted Stock Unit Award Agreement used by EFI to evidence RSU awards granted under the 2009 Equity Plan, except as otherwise expressly set forth herein. Each RSU Award will have a grant date that is the grant date that the
Compensation Committee approves such award (the “Grant Date”). The RSU awards are also subject to the individual and other share limits of the 2009 Plan. 

 

	 	•	 	The Compensation Committee will meet during the first quarter of 2015 to determine whether (and the extent to which) the performance conditions applicable to the RSUs were achieved for 2014 (the date on which the
Compensation Committee makes such determination is referred to as the “Determination Date”). Subject to your continued employment by the Company through the applicable Vesting Date, if the Compensation Committee determines that the
applicable performance condition related to the RSUs was achieved for 2014, the related RSUs will vest (the “Vesting Date”) on the later of (1) the first anniversary of the Grant Date or (2) the Determination Date.
In the event any performance condition applicable to an RSU is not satisfied, the RSU will be deemed to have been forfeited. 

 Performance Cash Accelerator Bonus Terms 

 

	 	•	 	Your “target” cash accelerator bonus opportunity for 2014 is set forth below. 

  

	 	•	 	Subject to approval by the Compensation Committee and to your continued employment by the Company through the Vesting Date applicable to your RSU awards referred to above, your cash accelerator bonus for 2014 will be
based on your target cash accelerator bonus opportunity and the Company’s performance for 2014 against non-GAAP operating income and revenue goals as set forth below. In addition, in no event will you be entitled to any cash accelerator bonus
for 2014 unless both the Cash Accelerator Bonus threshold operating income and the Cash Accelerator Bonus threshold revenue for the Company are achieved for 2014, as set forth below. 

 

	 	•	 	On the Determination Date referred to above, the Compensation Committee will also determine whether (and the extent to which) the performance conditions applicable to your cash accelerator bonus opportunity were
achieved for 2014. Any cash accelerator bonus payment due to you for 2014 will be paid after the Vesting Date of your RSU awards granted with respect to this Program. Payment will be subject to applicable tax withholding. 

 

	 	•	 	The Cash Accelerator Bonus will be paid under and will be subject to the terms and conditions of Article 9 of EFI’s 2009 Equity Plan. 

Performance Targets and Equity and Cash Accelerator Target Bonus 

Your Equity Bonus Eligibility amount and Target Cash Bonus Opportunity are set forth below. 

Equity Bonus Eligibility: [$] 
 Target Cash Bonus Opportunity: [$]

 The performance goals applicable to your RSUs and cash bonus opportunity are set forth below. In no event will any portion of your RSUs vest unless the
RSU threshold level of operating income set forth below is achieved by the Company in 2014. In no event will you be entitled to any portion of your cash accelerator bonus opportunity unless both the cash accelerator bonus threshold level of
revenue and the cash accelerator bonus threshold level of operating income set forth below are achieved by the Company in 2014. 
  

																	
	 Performance Metric
	  	RSU
Threshold	 	  	RSU Target	 	  	Cash Accelerator
Threshold	 	  	Cash Accelerator
Target	 
	 Revenue (millions)
	  	$	__M	  	  	$	__M	  	  	$	__M	  	  	$	__M	  
	 Non-GAAP Operating Income (millions)
	  	$	__M	  	  	$	__M	  	  	$	__M	  	  	$	__M	  

 The number of Revenue RSUs that will vest will be determined based on the Company’s achieved revenue for 2014 as
certified by the Compensation Committee. If the RSU threshold levels are achieved, the Revenue RSUs will vest on a pro-rata, straight-line basis between 0% and 100% vesting, starting at the RSU threshold revenue level up to the RSU target revenue
level. In other words, none of the Revenue RSUs will vest at the threshold level; from there, the percentage of Revenue RSUs that vest will increase on a straight-line basis up to 100% at the target level. 

The number of Operating Income RSUs that will vest will be determined based on the Company’s achieved operating income for 2014 as certified by the
Compensation Committee. If the RSU operating income threshold level is achieved, the Operating Income RSUs will vest on a pro rata, straight-line basis between 0% and 100% vesting, starting at the RSU threshold operating income level up to the RSU
target operating income level. In other words, none of the Operating Income RSUs will vest at the threshold level; from there, the percentage of Operating Income RSUs that vest will increase on a straight-line basis up to 100% at the target level.

 In each case, the number of RSUs that vest (if any) will be rounded down to the nearest whole share. 

The amount of your cash accelerator bonus opportunity will be determined based on the Company’s achieved revenue and the Company’s achieved
operating income for 2014 as certified by the Compensation Committee. No cash accelerator bonus will be paid unless both cash bonus thresholds are achieved. 

If both cash bonus threshold levels are achieved, then: 

50% of your target cash accelerator bonus amount will be determined based on the Company’s achieved revenue. This portion of your target
cash accelerator bonus opportunity will be paid on a pro-rata, straight-line basis from zero to 100%, starting at the cash accelerator bonus threshold revenue level up to the cash accelerator bonus target revenue level. In other words, none of this
portion of the cash accelerator bonus will be paid for revenue at the threshold level; from there, the percentage of this portion of the cash accelerator bonus that will be paid will increase on a straight-line basis up to 100% of this portion at
the target level; and 
 50% of your target cash accelerator bonus amount will be determined based on the Company’s
achieved operating income. This portion of your target cash accelerator bonus opportunity will be paid on a pro-rata, straight-line basis from zero to 100%, starting at the cash accelerator bonus threshold operating income level up to the cash
accelerator bonus target operating income level. In other words, none of this portion of the cash accelerator bonus will be paid for operating income at the threshold level; from there, the percentage of this portion of the cash accelerator bonus
that will be paid will increase on a straight-line basis up to 100% at the target level. 
 In addition, the Committee has the discretion to decrease (but
not increase) the amount of the cash accelerator bonus (if any) payable related to revenue in the event that such revenue is not, in the Committee’s judgment, delivering appropriate levels of profitability. In each case, vesting of any RSUs and
earning of any cash accelerator bonus is subject to your continued employment in good standing through the Vesting Date. 
 Non-GAAP Operating Income
is defined as operating income determined in accordance with GAAP, as adjusted to remove the impact of certain recurring and non-recurring expenses and the tax effect of these adjustments, in each case consistent with the determination of non-GAAP
operating income in the Company’s financial reporting. 
 Maximum Award—In no event shall any RSU award vest with respect to more than 100%
of the RSUs subject to such award. In no event will more than 100% of your target cash accelerator bonus become payable. 

Adjustments—The Committee shall, to the extent it determines appropriate in order to preserve the intended incentives,
adjust (1) the performance thresholds and targets set forth above to mitigate the unbudgeted impact of material, unusual or nonrecurring gains and losses, the financial statement impact of changes in capital structure, mergers, acquisitions,
dispositions, and similar transactions, and changes in applicable accounting rules, and/or (2) the calculation of the 2014 Company’s performance metric in order to more properly reflect the Company’s actual performance against the
thresholds and targets to mitigate for items such as currency fluctuations or backlogs.  

 Other Terms 

Termination of Employment 
 Except as may otherwise be
expressly provided below, in the applicable Restricted Stock Unit Award Notice and Restricted Stock Unit Award Agreement (as to RSUs), or your written employment agreement (if any) with the Company, you will have no right to any cash accelerator
bonus for 2014 and no right to any payment with respect to your RSUs for 2014 (and your RSUs will automatically and immediately terminate) should you cease to be employed by the Company or one of its subsidiaries before the Vesting Date set forth
above (regardless of the reason for such termination of employment). 
 Notwithstanding anything to the contrary in the applicable Restricted Stock Unit
Award Notice and Restricted Stock Unit Award Agreement or your written employment agreement (if any) with the Company, if you are involuntarily terminated Without Cause or are terminated for Good Reason outside of a Change of Control (as these terms
are defined in the applicable employment agreement), you will be eligible for (i) pro-rata vesting of your RSUs related to this Program and (ii) a pro-rata payment of your 2014 cash accelerator bonus. The pro-rata RSU vesting and pro-rata
bonus will be determined with respect to the number of RSUs that would have vested and amount of cash accelerator bonus that would have been payable under this Program, respectively, had your employment continued through the Vesting Date, in each
case multiplied by a fraction (x) the numerator of which is the number of whole months you were employed by the Company during 2014, and (y) the denominator of which is twelve. Payment of such pro-rata amounts will be made at the same time
that payment would have been made had you continued to be employed through the Vesting Date. In the event that you are entitled to a pro-rata payment of your RSUs, payment will be made in cash (as opposed to shares or other property) with the cash
payment in respect of a vested RSU to equal (subject to applicable tax withholding) the closing price of a share of EFI common stock on the Determination Date. 

With respect to any RSUs granted under this Program, in the event of any conflict between the provisions of your employment agreement regarding acceleration
of performance equity outside of a Change of Control and this Program, this Program shall control. 
 No Right to Continued Employment 

Nothing contained in this Program, the RSUs, or any related document constitutes an employment or service commitment by the Company (or any affiliate), affects
your status (if you are employed at will) as an employee at will who is subject to termination at any time and for any reason, confers upon you any right to remain employed by or in service to the Company (or any affiliate), or interferes in any way
with the right of the Company (or any affiliate) to terminate your employment or to change your compensation or other terms of employment at any time. 

Administration 
 The Compensation Committee will
administer this Program. The Compensation Committee has the authority to construe and interpret this Program and any agreement or other document relating to this Program. All actions taken and all interpretations and determinations made by the
Compensation Committee in respect of such documents and matters shall be conclusive and binding on all persons and shall be given the maximum deference permitted by law. 

Amendment 
 This Program may not be amended other than in
writing signed by an authorized officer of the Company, upon approval of the Compensation Committee, as required. 
 Clawback Policy 

This Program, the RSU Awards, any securities or other consideration you may receive in payment of or with respect to the RSU Awards, as well as any cash bonus
or bonus opportunity under this Program, is subject to the terms of the EFI recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain
circumstances require repayment or forfeiture of your bonus, awards or any shares of stock or other cash or property received with respect to your bonus or awards (including any value received from a disposition of any shares of stock you may
receive in payment of the RSU Awards). 

 Construction 

The RSU Awards and cash accelerator bonus contemplated above are intended as qualified performance-based compensation within the meaning of Section 162(m)
of the Internal Revenue Code. This Program, the RSU Awards, and the cash bonus opportunities contemplated above are also intended to satisfy, and not be subject to any tax, penalty or interest under, Section 409A of the Internal Revenue Code.
These arrangements shall be construed in accordance with such intents. 
 I have read and understand the terms of this Program and the documents
referred to herein and agree to these terms and the terms of such other documents. 
  

							
	 [Participant Name]
	 		  	[Date]EX-10.2

 Exhibit 10.2 
  

 
 EXECUTIVE EMPLOYMENT AGREEMENT 

On January 27, 2014 (“the Effective Date”), Guy Gecht, an individual (“Executive”), and Electronics For Imaging, Inc., (“the
Company”), hereby enter into an Executive Employment Agreement (the “Agreement”). 
  

	1.	Position. 

 Executive will be employed as the Chief Executive Officer. Executive and the Company may
mutually agree to change Executive’s position(s) or title(s), and the Company may from time to time alter the duties, responsibilities or functions initially associated with the position(s). 

 

	2.	Primary Duties. 

 Executive will perform such duties and functions as are generally associated with the
position of Chief Executive Officer as well as such other specific duties and functions that are reasonably assigned to him from time to time by the Company’s Board of Directors. 

 

	3.	Base Salary. 

 Beginning on the Effective Date, Executive will receive an annual base salary of $620,000,
which will be paid in accordance with the Company’s regular payroll practices, and which will be subject to withholding required by law. Thereafter, Executive’s annual base salary will be reviewed periodically to determine whether, in the
Company’s sole discretion, Executive’s base salary should be changed. 
  

	4.	Management Bonus Program. 

 Beginning on the Effective Date, Executive will be eligible to participate in
the Company’s annual management bonus program for executives under which he will be eligible to receive a bonus based on a percentage of his annual base salary and the achievement of performance targets established by the Company at the
beginning of the year. The award and payment of the executive bonus will be governed by the terms of the applicable management bonus program. The Company shall have the sole discretion to change or eliminate its management bonus program, to
determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus. Except as provided in Section 9.a, if Executive’s employment terminates for any reason prior to the end of the calendar year,
Executive’s entitlement to any portion of the executive bonus or commission for that year will be determined pursuant to the then applicable management bonus program. 
  

	5.	Executive Benefits. 

 Executive will be eligible to participate in any employee benefit plans or programs
as in effect from time to time, including but not limited to group medical benefits and 401(k) plan, maintained or established by the Company to the same extent as other employees at Executive’s level within the Company, subject to the
generally applicable terms and conditions of the plan or program in question and the determination of any person or committee administering such plan or program. 

 If Executive becomes entitled to any Severance Pay or Change of Control Severance Pay (as defined in section
9.a), the Company shall (i) continue to fully subsidize Executive’s health insurance coverage under Part 6 of Title I of ERISA (“COBRA”) for the lesser of (x) the period of COBRA continuation coverage applicable to the
Executive, or (y) the duration of the Severance Pay or Change of Control Severance Pay and (ii) provide outplacement services to the Executive for a minimum of one (1) week of onsite counseling and ninety (90) days of counseling
follow-ups (subject to a maximum of $35,000). 
  

	6.	Equity. 

 Executive may periodically be granted equity awards based on his performance. 

 

	7.	Other Obligations. 

 Executive will be subject to and agrees to adhere to all policies and procedures of
the Company, as amended from time to time, applicable to Executive’s position or level within the Company. Executive’s employment agreement is conditioned upon Executive’s faithful observance of the Company’s Employment,
Confidential Information and Invention Assignment Agreement (the “Confidential Information Agreement”), a copy of which is attached. 
  

	8.	At-Will Employment. 

 Executive’s employment with the Company is for no specified duration and is
at-will. Either Executive or the Company may terminate Executive’s employment or the terms of his employment at any time and for any reason, with or without cause and with or without notice. The at-will nature of Executive’s employment
with the Company may be altered only in writing expressly so stating signed by the Company’s Board. However, as described in this Agreement, Executive may be entitled to severance benefits depending upon the circumstances of the termination of
Executive’s employment. 
  

	9.	Termination of Employment. 

  

	 	a.	Termination Before and After a Change of Control Without Cause or By Executive for Good Reason or for Good Reason Outside of a Change of Control. 

 

	 	(i)	Termination Before a Change of Control by the Company Without Cause or by the Executive for Good Reason Outside of a Change of Control. If, before a Change of Control (as defined in section 9(f)) or more than 24
months after a Change of Control, the Company terminates Executive’s employment Without Cause (as defined in section 9.d) or Executive voluntarily terminates his or her employment for Good Reason Outside of a Change of Control (as defined in
section 9(f)), provided that the termination of Executive’s employment constitutes a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h) (a “Separation from Service”), the Executive
shall be entitled to the following: (i) an amount equal to (A) twenty-four (24) months of his then-existing base salary, plus (B) an amount equal to the bonus the Executive would have earned had he been employed by the Company at
the end of the calendar year in which such Separation from Service occurred based on actual Company performance for that year multiplied by a fraction (x) the numerator of which is the number of completed months in that year through the date of
such Separation from Service, and (y) the denominator of which is twelve (12) (the “Current Bonus”) (in total, the “Severance Pay”), (ii) the equity acceleration or extension of vesting benefits, as the case may
be, described below in this Section 9.a(i). 

 In such circumstances, in addition to Executive’s equity awards (such as Restricted Stock
Awards, Restricted Stock Units and the like) and stock options that were granted by the Company and vested immediately prior to such termination, the vesting of additional equity awards and options that were granted by the Company to Executive and
are outstanding and otherwise unvested immediately prior to such termination and are subject to only time-based (as opposed to performance-based) vesting conditions shall accelerate and become immediately vested and exercisable by the Executive or
the Executive’s estate, as if the Executive had remained continuously employed for a period of six (6) months following such termination (and if any of such awards vest other than on a monthly basis, the appropriate credit shall be given
as if the vesting accrued monthly). 
 In addition, as to any equity awards and options that were granted by the Company to Executive and
are outstanding and otherwise unvested immediately prior such termination and are subject to performance-based vesting conditions measured by the average per-share closing price of the Company’s common stock, vesting of such awards shall be
extended and the share price shall continue to be measured as if the Executive had remained continuously employed for a period of six (6) months following such termination. 

In addition, as to any equity awards and options that were granted by the Company to Executive and are outstanding and otherwise unvested
immediately prior to such termination and are subject to any other performance-based vesting conditions, such awards shall continue to remain outstanding and unvested through the Determination Date or equivalent, as the case may be, and shall vest
and become exercisable by the Executive or the Executive’s estate upon the review of the performance goals and confirmation that the vesting conditions have been satisfied (the “Determination Date”) by the Company or authorized
committee, as the case may be, with the number of shares underlying such award or options vesting as determined by the Company or such committee, multiplied by a fraction (x) the numerator of which is the number of completed months in that year
through the date of such Separation from Service plus six (6) but under no circumstances shall the numerator exceed twelve (12), and (y) the denominator of which is twelve (12); provided, however, that any options vested on such
Determination Date shall remain exercisable for the earlier of the period prescribed in the Executive’s applicable stock option agreement or the expiration of its term; provided further, that should the term of any option occur prior to
the Determination Date, such option shall terminate according to its term; and provided further that in the event of a Change of Control (as defined in section 9.f hereto) occurring between the date of termination of employment and the
Determination Date, the Company or its successor shall have the right to terminate such equity awards and options. 
 The Severance Pay
other than the Current Bonus amount will be paid in a lump sum payment on the date that is sixty (60) days following the Executive’s Separation from Service, and the Current Bonus portion of Executive’s Severance Pay, if any, shall be
payable following the Company’s determination with regard to whether the performance targets in respect of such bonus have been attained and in any event no later than two and one half (2-1/2) months following the calendar year in which
Executive terminates employment. The Company is not obligated to pay the Severance Pay and accelerate the vesting of Executive’s options and other equity awards unless the Executive signs and delivers to the Company’s Chief Executive
Officer or President (within twenty-one (21) days after the date of Executive’s termination of employment) a “Separation Agreement and Full Release Of All Claims” in the form of the attached agreement and the release becomes
irrevocable. 
  

	 	(ii)	Termination After Change of Control by the Company Without Cause or by the Executive for Good Reason. If within twenty-four (24) months following a Change of Control (as defined in section 9.f),
Executive’s employment with the Company is terminated by the Company Without Cause or is voluntarily terminated by Executive for Good Reason (as defined in section 9.e), provided that the termination of Executive’s employment constitutes a
Separation from Service, Executive will receive the following: (i) an amount equal to (A) thirty-six (36) months of base salary, plus (B) the bonus the Executive would have earned had he been employed by the Company at the end of
the calendar year (and as if 100% of the performance targets, if any, were attained), with the amounts described in both (A) and (B) payable in a lump sum on the date that is sixty (60) days following the Executive’s Separation
from Service, (ii) in addition to Executive’s stock options that were vested immediately prior to such termination, the vesting of additional options shall accelerate in full and become exercisable by the Executive or the Executive’s
representative, as the case may be, and such Stock Options shall be exercisable until the earlier of either: (a) one (1) year from the termination date or (b) the date the stock options would have expired pursuant to their original
terms on the date of grant or been terminated in connection with a Change of Control or similar event, and (iii) in addition to Executive’s equity awards other than options (such as Restricted Stock Awards, Restricted Stock Units and the
like) that were vested immediately prior to such termination, all of the Executive’s other equity awards shall become fully vested and nonforfeitable (assuming the maximum level of performance in the case of any such outstanding equity awards
with performance-based vesting conditions). This obligation to pay Executive the Change of Control Severance Pay will be binding on the successor entity following the Change of Control, but shall remain an obligation of the Company if the successor
entity fails to discharge it; provided, however, the Company is not obligated to pay the Change of Control Severance Pay and accelerate the vesting of Executive’s options and other equity awards in the event of a Change of Control unless the
Executive signs and delivers to the Company’s Chief Executive Officer or President (within twenty-one (21) days after the date of Executive’s termination of employment) a “Separation Agreement and Full Release Of All Claims”
in the form of the attached agreement and the release becomes irrevocable. 

  

	 	(iii)	Section 409A Delay. Notwithstanding any provision to the contrary in the Agreement, if Executive is deemed by the Company at the time of his Separation from Service to be a “specified employee”
(within the meaning of Section 409A of the Code and regulations promulgated thereunder), to the extent delayed commencement of any portion of the termination benefits to which Executive is entitled under this Agreement is required in order to
avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s termination benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six-month period
measured from the date of Executive’s Separation from Service with the Company or (B) the date of Executive’s death. Upon the expiration of the applicable Code Section 409A(a)(2)(B)(i) deferral period, all payments deferred
pursuant to this Section 9.a.iv shall be paid in a lump sum to Executive, and any remaining payments due under the Agreement shall be paid as otherwise provided herein. 

	 	b.	Other Terminations. If Executive’s employment with the Company terminates for any reason other than in the circumstances described in Section 9.a.i or 9.a.ii above (including a termination for Cause or
due to Executive’s death or disability), then Executive will (i) receive the base salary through the date of termination of employment and (ii) not be entitled to any other compensation or benefits (including, without limitation,
accelerated vesting of stock options) from the Company except to the extent provided under the applicable stock option agreements(s) or as may be required by law (for example, “COBRA” coverage under Section 4980B of the Code).

  

	 	c.	Cause. For all purposes under this Agreement, a termination for “Cause” shall mean a determination by the Company that the Executive’s employment with the Company is terminated for any of the
following reasons: (i) the Executive’s willful act of fraud, embezzlement, dishonesty or other misconduct; (ii) the Executive’s willful failure to perform his duties to the Company, failure to follow Company policies as set forth
in writing from time to time, or failure to follow the legal directives of the Company (other than failure to meet performance goals, objectives or measures), that is not corrected within thirty (30) days following written notice thereof to the
Executive by the Executive’s supervisor or the Company’s Chief Executive Officer, such notice to state with specificity the nature of the failure; (iii) the Executive’s material misappropriation of any material asset of the
Company; (iv) the Executive conviction of, or a plea of “Guilty” or “No Contest” to a felony; (v) Executive’s use of alcohol or drugs so as to interfere with the performance of his duties; (vi) the
Executive’s willful unauthorized use or disclosure of any proprietary information, customer lists or trade secrets of the Company or its affiliates or a breach by Executive of confidentiality agreement(s) with the Company; (vii) conduct
which, in the Company’s determination, is a material violation of Executive’s fiduciary obligations to the Company; or (viii) intentional material damage to any property of the Company. 

 

	 	d.	Without Cause. For all purposes under this Agreement, a termination of the Executive’s employment by the Company “Without Cause” shall mean a termination by the Company in the absence of
“Cause”, as defined above. 

  

	 	e.	Good Reason. For all purposes under this Agreement, “Good Reason” for the Executive’s resignation will exist if he resigned from employment with the Company, unless otherwise agreed to in writing
by the Executive, within 60 days after the initial occurrence of any of the following that is not corrected within thirty (30) days following written notice thereof to the Company by the Executive such notice to state with specificity the
nature of the failure: (i) any material reduction in his Base Salary or target bonus in local currency of 10% or more (excluding any voluntary reductions); (ii) any material reduction in his benefits, including the termination of this
Agreement by the Company without the written consent of the Executive; (iii) a change in his position with the Company or successor company that materially reduces his duties and responsibilities; (iv) a material office relocation of more
30 miles further from the Executive’s primary residence; or (v) any other material breach by the Company of its obligations to the Executive under this Agreement. 

 

	 	f.	Good Reason Outside of a Change of Control. For all purposes under this Agreement, “Good Reason Outside of a Change of Control” for the Executive’s resignation will exist if he resigned from
employment with the Company, unless otherwise agreed to in writing by the Executive, within 60 days after the initial occurrence of any of the following that is not corrected within thirty (30) days following written notice thereof to the
Company by the Executive such notice to state with specificity the nature of the failure: (i) any material reduction in his Base Salary or target bonus in local currency of 20% or more (excluding any voluntary reductions); (ii) a change in
his position with the Company that materially reduces his duties and responsibilities, including the termination of this Agreement by the Company without the written consent of the Executive (it being understood that the non-renewal of this
Agreement under Section 13 below shall not constitute a termination of this Agreement by the Company without the written consent of the Executive); (iv) a material office relocation of more 60 miles further from the Executive’s
primary residence; or (v) any other material breach by the Company of its obligations to the Executive under this Agreement. 

	 	g.	Change of Control. For purposes of this Agreement, a “Change of Control” means the occurrence of any of the following events: 

 

	 	(i)	Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the “beneficial owner” (as defined under said Act), directly or indirectly,
of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities; or 

 

	 	(ii)	A change in the composition of the Board of Directors of the Company occurring within a two-year period, as a result of which fewer than a majority of the directors are Incumbent Directors. “Incumbent
Directors” shall mean directors who either (a) are directors of the Company as of the date hereof, or (b) are elected, or nominated for election, to the Board of Directors of the Company with the affirmative votes of at least a
majority of the Incumbent directors at the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the
Company); or 

 (A) A merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of
the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or (B) a plan of complete liquidation of the Company approved by the stockholders of
the Company, or (C) the disposition by the Company (in a sale, transaction or other corporate event, or series of related sales, transactions or related corporate events) of all or substantially all of the Company’s assets (on a
consolidated basis) unless, in the case of a transaction or event referred to in clause (C), immediately after such transaction the assets that are sold or otherwise disposed of are owned by an entity that is owned directly or indirectly by the
stockholders of the Company in substantially the same proportions as their ownership of the Company’s common stock immediately preceding such transaction or event. 
  

	10.	Non-Solicitation. 

 During the Executive’s Employment Term, Executive, directly or indirectly,
whether as an employee, owner, sole proprietor, partner, director, member, consultant, agent, founder, co-venture or otherwise, will not engage, participate or invest in any business activity anywhere in the world which develops, manufactures or
markets products or performs services which are competitive with the products or services of the Company or products or services which the Company has under development or which are the subject of active planning. Executive is not prohibited from
purchasing equities or derivatives in any publicly traded any company. 
 For a period of twelve (12) months following the date the Executive ceases to
be employed with the Company for any reason (the “Restricted Period”), the Executive will not (i) directly or indirectly through any other person induce or attempt to induce any employee or independent contractor of the Company or any
affiliate of the Company to leave the employ or service, as applicable, of the Company or such affiliate, or in any way interfere with the relationship between the Company or any such affiliate, on the one hand, and any employee or independent
contractor thereof, on the other hand, or (ii) directly or indirectly make any statement that disparages the Company or any of its affiliates or has the purpose or effect of harassing or disrupting the business of the Company or any of its
affiliates. 

 During the Restricted Period, the Executive will not directly or indirectly through any other person solicit,
influence or attempt to influence customers, vendors, suppliers, licensors, lessors, joint venturers, associates, consultants, agents, or partners of the Company or any affiliate of the Company to divert their business away from the Company or such
affiliate, and the Executive will not otherwise interfere with, disrupt or attempt to disrupt the business relationships, contractual or otherwise, between the Company or any affiliate of the Company, on the one hand, and any of its or their
customers, suppliers, vendors, lessors, licensors, joint venturers, associates, officers, employees, consultants, managers, partners, members or investors, on the other hand. 

The Executive acknowledges that, in the course of his employment with the Company and/or its affiliates, he has become familiar, or will become familiar, with
the trade secrets of the Company and its affiliates and with other confidential and proprietary information concerning the Company and its affiliates and that his services have been and will be of special, unique and extraordinary value to the
Company and its affiliates. The Executive agrees that the foregoing nonsolicitation covenants are reasonable and necessary to protect the trade secrets and other confidential and proprietary information, good will, stable workforce, and customer
relations of the Company and its affiliates. 
  

	11.	Written Amendment or Modification; Waiver. 

 Except as provided in this paragraph, this Agreement may be
altered, modified, or amended only by a writing signed by Executive and the Company’s Chief Executive Officer or President of the Company expressly acknowledging that it is altering, modifying or amending the Agreement. No modification, waiver
or discharge of this Agreement will be effective unless in writing signed by the Executive and by the Company’s Chief Executive Officer or President of the Company. No waiver by either party of any condition or provision of this Agreement shall
be considered a waiver of any other condition or provision or a waiver of the same condition or provision at another time. 
  

	12.	Successors and Assigns. 

 This Agreement shall be binding upon Executive’s heirs, executors,
administrators and other legal representatives and will be for the benefit of the Company, its successors and assigns. This Agreement is specific to Executive and may not be assigned or substituted for without the express written consent of the
Company’s Chief Executive Officer or President of the Company. 
  

	13.	Term. 

 The term of this Agreement shall begin on the Effective Date and continue until the first
anniversary of the Effective Date and will automatically be renewed for one (1) year periods thereafter unless terminated by either party upon sixty (60) days written notice prior to the expiration of the term as then in effect and unless
otherwise terminated in accordance with the terms thereof. 
  

	14.	Entire Agreement. 

 This Agreement, and the attached Confidential Information Agreement, sets forth the
entire agreement and understanding between the Company and Executive relating to its subject matter, is fully integrated and supersedes all prior of contemporaneous discussions, representations, and agreements, whether oral or in writing, between
the parties on that subject matter. 

	15.	Governing Law; Consent to Personal Jurisdiction. 

 This Agreement shall be governed by the laws of the
State of California, without regard to the choice of law provisions thereof. Executive hereby expressly consents to personal jurisdiction in the State and federal courts located in California for any lawsuit arising from or relating to this
Agreement, without regard to his then-current residence or domicile. 
  

	16.	Severability. 

 The invalidity or unenforceability of one or more provisions of this Agreement shall not
affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect to the maximum extent of the law. 
  

	17.	Tax Matters. 

 All forms of compensation referred to in this Agreement are subject to applicable
withholding and payroll taxes. It is intended that the terms of this Agreement will not result in the imposition of any tax liability pursuant to Section 409A of the Code, and this Agreement shall be construed and interpreted consistent with
that intent. 
  

	18.	Clawback Rules and Policy. 

 This Agreement and all forms of compensation referred to in this Agreement
are subject to the “clawback” provisions of applicable law, rules and regulations as well as any Company clawback policy, as each may be adopted and in effect from time to time. 

IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer. 

 

									
	Electronics For Imaging, Inc.	 		 		 	
					
	By:	 	/s/ Bryan Ko	 		 	Date:	 	1/27/2014
					
	Title:	 	Vice President	 		 		 	

  

							
	Executive:	 		 		 	
				
	/s/ Guy Gecht	 		 	Date:	 	1/27/2014

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}]]