Document:

ex1020.htm

    
      
        
          

        

      

    

     

    EXHIBIT
10.20

     

    

      September
18, 2008

      

      Christopher
S. Dewees

      JDSU

      430 North
McCarthy Blvd

      Milpitas,
CA 95035

      

      Re:           
Separation from JDS
Uniphase Corporation

      

      Dear
Chris:

      

      This letter agreement (“Agreement”)
will confirm the terms of your separation from your employment with JDS Uniphase
Corporation and its subsidiaries and affiliated entities (the “Company” or
“JDSU”) presently scheduled for September 30, 2008 (the “Termination Date”). The
Effective Date of this Agreement will be the 8th day
following the date of your signature below.

      

      On or before the Termination Date the
Company will provide you with your final paycheck, which will include all
accrued, but unpaid base pay and accrued ESPP contributions, if
any.  Additionally, within seven (7) days of the Effective Date of
this Agreement, and subject to the provisions below relative to Code Section
409A, the Company shall provide you with a lump sum severance payment of
$228,750, less applicable withholdings as required by local, state and federal
law.

      

      The Company and you will enter into a
consulting agreement pursuant to which the Company may benefit from your
continued support on several key initiatives through August 31,
2009.  In consideration of the services you will provide pursuant to
such agreement the Company will allow your previously granted equity awards to
continue to vest and remain exercisable until August 31, 2009, at which point
vesting would cease.  Any such awards that are not vested as of the
date of termination of the consulting agreement will be cancelled and you will
have 90 days from such date to exercise vested stock options.  Entry
into and continuation of the term of the consulting agreement will be subject to
continued compliance with our Code of Business Conduct, including but not
limited to its provisions relative to conflicts of
interest.  Determination of whether entry into a consulting agreement
would cause a conflict of interest to exist shall be made by the Chief Executive
Officer in his sole discretion.

       

      Notwithstanding anything herein to the
contrary, this Agreement is intended to comply with the provisions of Internal
Revenue Code section 409A, as in effect from time to time.  To the
extent necessary to comply with the requirements of Code section
409A(a)(2)(B)(i) (prohibiting certain payments to a “specified employee” within
six (6) months of such employee’s separation from service), any payment
hereunder that may be made to you on account of the termination of your
employment with the Company shall be delayed by the Company to the extent
necessary to comply with the requirements of Code section
409A(a)(2)(B)(i).

      

      Upon the
termination of your employment, and to the extent not previously triggered, you
will be eligible for COBRA benefits continuation.  In this case a
package containing appropriate COBRA information will be mailed to you shortly
after the Termination Date by the Company’s outside vendor that manages this
program for JDSU.  

      

      The
Company affirms its continuing obligations to you pursuant to the Company’s
Articles, Bylaws and applicable law to defend and indemnify you against claims,
actions and causes of action arising out of your employment and service to the
Company.  For clarity, these obligations will survive the Effective
Date of this Agreement.  You will also continue to be covered under
the applicable Company insurance policies relative to such
claims.  You agree to assist the Company as reasonable necessary to
effectuate the obligations reaffirmed under this paragraph.

      

      The
Company’s legal department will work with you to ensure you are relieved from
obligations related to your service as a director or similar capacity of Company
subsidiaries and affiliates.  Thank you in advance for your assistance
with that process.

      

      Your employee Proprietary Information
and Assignment of Inventions Agreement signed upon the commencement of your
employment will continue in full force and effect in accordance with its
terms.  Except as described in this letter, any further rights under
any other agreements, whether written or oral, shall be terminated as of the
Effective Date hereof, including without limitation any right to severance
payments, bonus payments, stock option or other equity award vesting or other
benefits.  This Agreement shall represent the entire understanding
between you and the Company regarding the terms of your employment and
termination of employment, will supersede any previous discussions and
understandings except as explicitly provided herein, and may not be modified
except in writing signed by you and the Company.

      

      In
consideration of the terms of this Agreement and exchange for the benefits
described above, you agree, on behalf of yourself, your successors and your
assigns, to release and absolutely discharge the Company and its present and
former officers, directors, agents, employees, attorneys, insurers and
affiliated entities from any claims, actions and causes of action, known or
unknown, that you may now have, or at any other time had, or shall or may have
against these released parties including claims arising from or related to your
employment, the termination of your employment, or any other matter, cause,
fact, thing, act or omission whatsoever occurring or existing at any time up to
and including the date of execution of this Agreement, including but not limited
to claims for compensation (including bonus and severance payments), stock
options or claimed rights related to stock options, breach of contract, wrongful
termination, retaliation, fraud, misrepresentation, unfair business practices,
breach of fiduciary duty, personal injury, defamation or national origin, race,
color, age, sex, sexual orientation, religious, disability, medical condition or
other discrimination or harassment under the Civil Rights Act of 1964, the
Family and Medical Leave Act, the Age Discrimination In Employment Act of 1967
(including the Older Workers’ Benefit Protection Act), the Americans with
Disabilities Act, the Fair Labor Standards Act, the Employee Retirement Income
Security Act of 1974, the Worker Adjustment and Retraining Notification Act, the
California Fair Employment and Housing Act, the California Labor Code (and
analogous laws of any other state), , any other analogous state or federal laws
or any other applicable law, all as they have been or may be
amended.  To the fullest extent permitted by law, you agree not to
file any claim, action or demand based on any of the matters released
above.

      

      You agree
to return all Company property, including, without limitation, all books,
manuals, records, reports, notes, contracts, lists, blueprints, and other
documents, or materials, or copies thereof, and equipment furnished to or
prepared by you in the course of or incident to your employment.

      

      You agree
that this release specifically covers known and unknown claims and you waive
your rights under Section 1542 of the California Civil Code or under any
comparable law of any other jurisdiction. Section 1542 states: "A general release does not extend
to claims which the creditor does not know or suspect to exist in his favor at
the time of executing the release, which if known by him must have materially
affected his settlement with the debtor”.

      

      You and
the Company agree that any and all disputes arising out of the terms of this
Agreement or their interpretation, any of the matters released herein, or any
other dispute between the parties, shall be resolved by final and binding
arbitration before the American Arbitration Association ("AAA") under its
Employment Dispute Resolution Rules.  The arbitration shall take place
in the state in which you resided on the Termination Date.  In any
such arbitration, each side shall bear their own attorney’s fees and costs and
the prevailing party shall be entitled to injunctive relief in any court of
competent jurisdiction to enforce the arbitrator’s award.  Any dispute
regarding the enforceability of this agreement to arbitrate will be governed by
the Federal Arbitration Act, if applicable, and if not, then the arbitration act
of the state in which you last worked for the Company.

       

      If any
provision of this Agreement is for any reason found by an arbitrator or a court
of competent jurisdiction to be unenforceable, the remainder of this Agreement
shall continue in full force and effect.

      

      You agree
that you have been advised that you have twenty-one (21) days to consider
the terms of this Agreement (but may sign it at any time beforehand if you so
desire), and that you can consult an attorney in doing so. You also understand
that you can revoke your acceptance of the terms of this Agreement within
seven (7) days of signing it by sending a certified letter to that effect
to the Company’s General Counsel.  Notwithstanding the foregoing, you
agree that the portion of this Agreement that pertains to the release of claims
under the ADEA shall not become effective or enforceable until the
seven (7) day revocation period has expired, but that all other terms of
this Agreement will become effective upon your signature below.

      

      Chris, we
thank you for your many contributions and long service to the Company and look
forward to your continued support and partnership.

      

      Sincerely,

      

                                     

      Brett Hooper

      Senior
Vice President, Human Resources

      

      Agreed
and
Accepted:                                                                                     Date:

       

      

      ____________________                                                                           _________________

      Christopher
S. Deweesex1021.htm

    
      

    

     

    EXHIBIT
10.21

     

    

      September
15, 2008

      

      Al
Etterman

      JDSU

      430 North
McCarthy Blvd

      Milpitas,
CA 95035

       

      Re:           
Your Employment with
JDSU

      

      Dear
Al:

      

      This letter agreement will confirm the
terms of your continued employment with JDS Uniphase Corporation and its
subsidiaries and affiliated entities (the “Company” or “JDSU”) commencing with
effect from September 1, 2008, and thereafter.

      

      Effective
September 1, 2008 you assumed and will continue in the role of Vice President
and Senior Advisor, reporting directly to the Chief Executive Officer and
performing such job duties and responsibilities as may be designated by the
CEO.  This is a part time position with a grade level of
E100.

      

      In this
role your compensation structure will be modified such that your base salary
will be $66,000 and your incentive target will be commensurate with the E100
level (35% of base salary).  Since this reduced schedule will be less
than 20 hours per week, your eligibility for Company provided health benefits
will cease following your assumption of this new role, and thus you will become
eligible at that time for COBRA benefits continuation. A package containing
appropriate COBRA information will be mailed to you on or after September 1,
2008 by the Company’s outside vendor that manages this program for
JDSU.

      

      Your
previously awarded restricted stock units and stock options will continue to
vest in accordance with the terms of each grant.

      

      Additionally,
notwithstanding the Company’s “at will” employment policy, and provided that
your employment is not otherwise terminated by the Company for “Cause” (as
defined below), or as a result of your voluntary resignation of employment
(including termination as a result of your commencement of employment with
another employer), your employment will continue until August 31, 2009 and you
will be entitled to the pay, benefits and perquisites consistent with such
employment through that date as outlined in this letter agreement and Company
policies.

      

      As a part
time employee you may engage in other gainful employment in addition to your
work for JDSU, subject to compliance with our Code of Business Conduct including
but not limited to its provisions relative to conflicts of
interest.  For clarity, any other employment may not conflict with
your ability to fully and properly discharge the duties and responsibilities of
your new role. Determination of whether any particular employer or role would
constitute a conflict of interest shall be made by the Chief Executive Officer
in his sole discretion.

      

      We
presently anticipate your employment will terminate on August 31, 2009 (the
actual termination date hereinafter the “Termination Date”).  On or
before the Termination Date the Company will provide you with your final
paycheck, which will include all accrued, but unpaid base pay and accrued ESPP
contributions, if any.  Any stock options and restricted stock units
previously granted to you that are not vested as of the Termination Date will be
cancelled and you will have 90 days from the Termination Date to exercise vested
stock options.

      

      In the
event your employment terminates prior to August 31, 2009 as a result of your
voluntary resignation it would be the Company’s desire to retain your services
as a consultant until August 31, 2009 in order to benefit from your continuing
support of several key initiatives.  Should you agree to become a
consultant to the Company following such a termination of employment you and the
Company would enter into the Company’s standard form of consulting
agreement.  In consideration of services you would provide pursuant to
such agreement the Company would allow your previously granted equity awards to
continue to vest and remain exercisable until August 31, 2009, at which point
vesting would cease.  As with other employment while you are a part
time employee, entry into a consulting agreement would be dependent upon
compliance with our Code of Business Conduct, including but not limited to its
provisions relative to conflicts of interest.  Determination of
whether entry into a consulting agreement would cause a conflict of interest to
exist shall be made by the Chief Executive Officer in his sole
discretion.

      

      Following
the Termination Date, and conditioned upon (a) your termination being for
reasons other than for “Cause”, and (b) your execution of a separation agreement
and release of claims in a form attached hereto as Exhibit “A”, the Company will
provide you with the severance benefits outlined therein, including severance
pay of $317,000.

      

      For
clarity, please note that should your employment be involuntarily terminated at
any time prior to August 31, 2009 by the Company for “Cause” you will not be
eligible for the severance benefits described in the preceding
paragraph.  However, you will remain eligible for the severance
benefits described above should your employment terminate for any other reason
on or prior to August 31, 2009.

      

      Please also note that your employee
Proprietary Information and Assignment of Inventions Agreement signed upon the
commencement of your employment with the Company continues in full force and
effect in accordance with its terms.

      

      For
purposes of this letter, “Cause” is defined as (a) willful malfeasance by the
employee which has a material adverse impact upon the Company; (b) substantial
and continuing willful refusal to perform duties ordinarily performed by an
employee in the same or similar position; (c) conviction of the employee of a
felony, or of misdemeanor which would have a material adverse effect on the
Company’s goodwill if Employee is retained as an employee of the Company; or (d)
willful failure by Employee to comply with the written or known policies and
procedures of the Company including but not limited to the JDS Uniphase
Corporation Code of Business Conduct and Policy Regarding Inside Information and
Securities Transactions.

      

      To
acknowledge your understanding and acceptance of the terms of this letter we
would appreciate your signing where indicated below.

      

      Al, we
thank you for your many contributions and long service to the Company and look
forward to your continued support and partnership.

      

      Sincerely,

      

      

      

      Kevin Kennedy

      President
and Chief Executive Officer

      

      Agreed
and
Accepted:                                                                                     Date:

      

      

      _______________________                                                                                     _________________

      Al
Etterman

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      EXHIBIT
“A”

      

      [DATE]

      

      Al
Etterman

      JDSU

      430 North
McCarthy Blvd

      Milpitas,
CA 95035

      

      Re:           
Separation from JDS
Uniphase Corporation on [DATE]

      

      Dear
Al:

      

      This letter agreement (“Agreement”)
will confirm the terms of your separation from your employment with JDS Uniphase
Corporation and its subsidiaries and affiliated entities (the “Company” or
“JDSU”) effective [DATE] (the “Termination Date”). The Effective Date of this
Agreement will be the 8th day
following the date of your signature below.

      

      On or before the Termination Date the
Company will provide you with your final paycheck, which will include all
accrued, but unpaid base pay and accrued ESPP contributions, if
any.  Additionally, within seven (7) days of the Effective Date of
this Agreement, and subject to the provisions of the next paragraph, the Company
shall provide you with a lump sum severance payment of $317,000, less applicable
withholdings as required by local, state and federal law.  Any stock
options and other equity incentive awards, including restricted stock units,
previously granted to you that are not vested as of the Termination Date will be
cancelled and you will have 90 days from the Termination Date to exercise vested
stock options.

       

      Notwithstanding anything herein to the
contrary, this Agreement is intended to comply with the provisions of Code
section 409A, as in effect from time to time.  To the extent necessary
to comply with the requirements of Code section 409A(a)(2)(B)(i) (prohibiting
certain payments to a “specified employee” within six (6) months of such
employee’s separation from service), any payment hereunder that may be made to
you on account of the termination of your employment with the Company shall be
delayed by the Company to the extent necessary to comply with the requirements
of Code section 409A(a)(2)(B)(i).

      

      Upon the
termination of your employment, and to the extent not previously triggered, you
will be eligible for COBRA benefits continuation.  In this case a
package containing appropriate COBRA information will be mailed to you shortly
after the Termination Date by the Company’s outside vendor that manages this
program for JDSU.  Also, you will be eligible for a senior management
level package of outplacement services to be provided through the Company’s
chosen vendor.

      

      The
Company affirms its continuing obligations to you pursuant to the Company’s
Articles, Bylaws and applicable law to defend and indemnify you against claims,
actions and causes of action arising out of your employment and service to the
Company.  For clarity, these obligations will survive the Effective
Date of this Agreement.  You will also continue to be covered under
the applicable Company insurance policies relative to such
claims.  You agree to assist the Company as reasonable necessary to
effectuate the obligations reaffirmed under this paragraph.

      

      In the
event you presently are serving as a director or in a similar capacity relative
to any Company subsidiary and affiliate, the Company’s legal department will
work with you to ensure you are relieved from such obligations.  Thank
you in advance for your assistance with that process.

      

      Your employee Proprietary Information
and Assignment of Inventions Agreement signed upon the commencement of your
employment will continue in full force and effect in accordance with its
terms.  Except as described in this letter, any further rights under
any other agreements, whether written or oral, shall be terminated as of the
Effective Date hereof, including without limitation any right to severance
payments, bonus payments, stock option or other equity award vesting or other
benefits.  This Agreement shall represent the entire understanding
between you and the Company regarding the terms of your employment and
termination of employment, will supersede any previous discussions and
understandings except as explicitly provided herein, and may not be modified
except in writing signed by you and the Company.

      

      In
consideration of the terms of this Agreement and exchange for the benefits
described above, you agree, on behalf of yourself, your successors and your
assigns, to release and absolutely discharge the Company and its present and
former officers, directors, agents, employees, attorneys, insurers and
affiliated entities from any claims, actions and causes of action, known or
unknown, that you may now have, or at any other time had, or shall or may have
against these released parties including claims arising from or related to your
employment, the termination of your employment, or any other matter, cause,
fact, thing, act or omission whatsoever occurring or existing at any time up to
and including the date of execution of this Agreement, including but not limited
to claims for compensation (including bonus and severance payments), stock
options or claimed rights related to stock options, breach of contract, wrongful
termination, retaliation, fraud, misrepresentation, unfair business practices,
breach of fiduciary duty, personal injury, defamation or national origin, race,
color, age, sex, sexual orientation, religious, disability, medical condition or
other discrimination or harassment under the Civil Rights Act of 1964, the
Family and Medical Leave Act, the Age Discrimination In Employment Act of 1967
(including the Older Workers’ Benefit Protection Act), the Americans with
Disabilities Act, the Fair Labor Standards Act, the Employee Retirement Income
Security Act of 1974, the Worker Adjustment and Retraining Notification Act, the
California Fair Employment and Housing Act, the California Labor Code (and
analogous laws of any other state), , any other analogous state or federal laws
or any other applicable law, all as they have been or may be
amended.  To the fullest extent permitted by law, you agree not to
file any claim, action or demand based on any of the matters released
above.

      

      You agree
to return all Company property, including, without limitation, all books,
manuals, records, reports, notes, contracts, lists, blueprints, and other
documents, or materials, or copies thereof, and equipment furnished to or
prepared by you in the course of or incident to your employment.

      

      You agree
that this release specifically covers known and unknown claims and you waive
your rights under Section 1542 of the California Civil Code or under any
comparable law of any other jurisdiction. Section 1542 states: "A general release does not extend
to claims which the creditor does not know or suspect to exist in his favor at
the time of executing the release, which if known by him must have materially
affected his settlement with the debtor”.

      

      You and
the Company agree that any and all disputes arising out of the terms of this
Agreement or their interpretation, any of the matters released herein, or any
other dispute between the parties, shall be resolved by final and binding
arbitration before the American Arbitration Association ("AAA") under its
Employment Dispute Resolution Rules.  The arbitration shall take place
in the state in which you resided on the Termination Date.  In any
such arbitration, each side shall bear their own attorney’s fees and costs and
the prevailing party shall be entitled to injunctive relief in any court of
competent jurisdiction to enforce the arbitrator’s award.  Any dispute
regarding the enforceability of this agreement to arbitrate will be governed by
the Federal Arbitration Act, if applicable, and if not, then the arbitration act
of the state in which you last worked for the Company.

       

      If any
provision of this Agreement is for any reason found by an arbitrator or a court
of competent jurisdiction to be unenforceable, the remainder of this Agreement
shall continue in full force and effect.

      

      You agree
that you have been advised that you have twenty-one (21) days to consider
the terms of this Agreement (but may sign it at any time beforehand if you so
desire), and that you can consult an attorney in doing so. You also understand
that you can revoke your acceptance of the terms of this Agreement within
seven (7) days of signing it by sending a certified letter to that effect
to the Company’s General Counsel.  Notwithstanding the foregoing, you
agree that the portion of this Agreement that pertains to the release of claims
under the ADEA shall not become effective or enforceable until the
seven (7) day revocation period has expired, but that all other terms of
this Agreement will become effective upon your signature below.

       

      Sincerely,

      

      

      Brett Hooper

      Senior
Vice President, Human Resources

       

      

      Agreed
and
Accepted:                                                                                     Date:

       

      

      

      ____________________                                                                           _________________

      Al
Etterman

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