Document:

Services Agreement dated February 24, 2009, Peter Gotcher

 Exhibit 10.3 
 DOLBY LABORATORIES, INC. 
 SERVICES AGREEMENT 
 This Services Agreement (“Agreement”) is entered into as of February 24, 2009, by and between Dolby Laboratories, Inc., a Delaware
corporation (the “Company”) and Peter Gotcher (“Consultant”). 
 WHEREAS, the Company desires to retain
Consultant as an independent contractor to perform consulting services for the Company, and Consultant is willing to perform such services, on the terms described below. In consideration of the mutual promises contained herein, the parties agree as
follows: 
 1. Services. As of March 1, 2009 (the “Effective Date”), Consultant will serve as Executive
Chairman of the Company. Consultant will provide overall leadership to the Board of Directors (the “Board”) and advise and consult on technologies and markets and such other matters as the Board may request. The services to be performed by
Consultant hereunder shall be referred to herein as the “Services.” The period of the consultancy under this Agreement is referred to herein as the “Consultancy Term.” During the Consultancy Term, Consultant will
continue to serve as a member of the Board, subject to any required Board and/or stockholder approval. During the Consultancy Term, Consultant will perform his duties faithfully and to the best of his ability. The Company and Consultant agree that
Consultant will devote approximately 30% of his time to performance of the Services. 
 2. Compensation. 
 A. Cash Compensation. The Company will pay Consultant $29,166.67 per month ($350,000.00 annually) for the Services, with such amounts to be
paid pursuant to the Company’s normal consultant payment practices. In exchange for the compensation provided herein, Consultant hereby declines to accept, and waives any right to receive, for the period during which Consultant provides the
Services under this Agreement, any other compensation paid by the Company to its non-employee members of the Board, including specifically all retainers, meeting fees and the automatic grant of Outside Director Awards (as defined in the
Company’s 2005 Stock Plan) provided in Section 14 of the Company’s 2005 Stock Plan. 
 B. Stock Award Grant. The
Board (or its Compensation Committee) shall, following the Effective Date, grant Consultant a restricted stock unit award covering 30,000 shares of the Company’s Class A Common Stock. Twenty thousand of the shares subject to the restricted
stock unit award shall vest on the first anniversary of the Effective Date subject to Consultant continuing to provide the Services through such date and no shares shall vest before such date and no rights to any vesting shall be earned or accrued
prior to such date. The remaining ten thousand of such shares shall vest on second anniversary of the Effective Date subject to Consultant continuing to provide the Services through such date. This restricted stock unit award shall be subject to the
terms and conditions of the Company’s 2005 Stock Plan and form of restricted stock unit agreement. 

 C. Bonus. The Board (or its Compensation Committee) shall, no later than thirty days
following the Effective Date, determine the performance goals (which shall relate to the Services Consultant will provide to the Company) required to be met for the future grant to Consultant of a nonstatutory stock option to purchase a number of
shares of the Company’s Class A Common Stock in an amount equal to between $100,000 and $300,000 in Black-Scholes value as of the date of grant. The size of the grant shall be determined by the Compensation Committee no later than 30 days
prior to the first anniversary of the Effective Date and shall be based on its assessment of the achievement of the performance goals by Consultant. The stock option will become fifty percent (50%) vested on the date of the grant (subject to
Consultant continuing to provide Services under this Agreement on such date) and the remaining 50% will fully vest on the first anniversary of the date of the grant (subject to Consultant continuing to provide Services under this Agreement on such
date). The grant shall be made on February 15, 2010 (or the first business day thereafter, if February 15, 2010 is not a business day). The stock option shall have an exercise price equal to the fair market value of the Company’s
Class A Common Stock on the date of grant as determined under the Company’s 2005 Stock Plan and the option grant policy applicable to grants under such plan. The stock option shall also be subject to the terms and conditions of the
Company’s 2005 Stock Plan and form of stock option agreement. 
 The Board (or its Compensation Committee) shall, no later than thirty
days prior to the first anniversary of the Effective Date, determine the performance goals (which shall relate to the Services Consultant will provide to the Company) required to be met for the future grant to Consultant of a nonstatutory stock
option to purchase a number of shares of the Company’s Class A Common Stock in an amount equal to between $100,000 and $300,000 in Black-Scholes value as of the date of grant. The size of the grant shall be determined by the Compensation
Committee no later than 30 days prior to the second anniversary of the Effective Date and shall be based on its assessment of the achievement of the performance goals by Consultant. The stock option will become fifty percent (50%) vested on the
date of the grant (subject to Consultant continuing to provide Services under this Agreement on such date) and the remaining 50% will fully vest on the first anniversary of the date of the grant (subject to Consultant continuing to provide Services
under this Agreement on such date or otherwise continuing to provide services to the Company (e.g., as a director) on such date in a manner such that vesting of Consultant’s equity awards has continued under the Company’s 2005 Stock Plan).
The grant date shall be February 15, 2011 (or the first business day thereafter if February 15, 2011 is not a business day). The stock option shall have an exercise price equal to the fair market value of the Company’s Class A
Common Stock on the date of grant as determined under the Company’s 2005 Stock Plan and the option grant policy applicable to grants under such plan. The stock option shall also be subject to the terms and conditions of the Company’s 2005
Stock Plan and form of stock option agreement. 
 D. Expense Reimbursement. The Company will reimburse Consultant, in accordance
with Company policy, for all reasonable expenses incurred by Consultant in performing the Services pursuant to this Agreement. 
 3. Withholding. Consultant shall have full responsibility for applicable withholding taxes for all compensation paid to Consultant under this Agreement, and for compliance with all applicable labor and employment requirements
with respect to Consultant’s self-employment, sole proprietorship or other form of business organization. 
  

 -2- 

 4. Confidentiality/Corporate Opportunity. Consultant will maintain in confidence and will
not, directly or indirectly, disclose or use, either during or after the term of this Agreement, any proprietary information, confidential information, know-how or trade secrets belonging to Company, whether or not it is in written or permanent
form, except to the extent necessary to perform the Services and to perform Consultant’s duties as a member of the board of directors of the Company. Upon the written request of Company, Consultant shall return to Company all Company
proprietary information, confidential information, know-how or trade secrets in Consultant’s possession. Consultant shall not appropriate any corporate opportunity rightfully belonging to the Company. 
 5. Conflicting Obligations. Consultant certifies that Consultant has no outstanding agreement or obligation that is in conflict with any of
the provisions of this Agreement or that would preclude Consultant from complying with the provisions of this Agreement. Consultant will not enter into any such conflicting agreement during the term of this Agreement. 
 6. Independent Contractor; Benefits. It is the express intention of the Company and Consultant that Consultant performs the Services as an
independent contractor to the Company. Nothing in this Agreement shall in any way be construed to constitute Consultant as an employee. Consultant acknowledges and agrees that Consultant is obligated to report as income all compensation received by
Consultant pursuant to this Agreement. Consultant agrees to and acknowledges the obligation to pay all self-employment and other taxes on such income. 
 7. Termination and Survival. 
 (a) A. Consultancy Term and Termination. The Consultancy
Term shall be two years from the Effective Date. The Company may terminate this Agreement for “Cause”. “Cause” means, the Consultant’s: (i) refusal or failure to act in accordance with any specific, lawful
direction or order of the Company; (ii) unfitness or unavailability for service or unsatisfactory performance (other than as a result of disability); (iii) performance of any act or failure to perform any act in bad faith and to the
detriment of the Company; (iv) dishonesty, intentional misconduct or material breach of any agreement with the Company; or (v) commission of a crime involving dishonesty, breach of trust, or physical or emotional harm to any person. At
least 30 days prior to the termination of the Agreement pursuant to (i) or (ii) above, the Company shall provide the Consultant with notice of the Company’s intent to terminate, the reason therefore, and an opportunity for the
Consultant to cure such defects in his service to the Company’s satisfaction. 
 The Agreement will terminate immediately upon the death
or disability of Consultant. 
 B. Survival. Upon any termination, all rights and duties of the Company and Consultant toward
each other under this Agreement shall cease except: 
 (1) The Company will pay, within thirty (30) days after the effective date
of termination, all amounts owing to Consultant for Services completed and accepted by the Company prior to the termination date and related reimbursable expenses, if any, submitted in accordance with the Company’s policies; and 
  

 -3- 

 (2) All Sections of this Agreement other than Section 1 (Services) and
Section 2 (Compensation) will survive termination of this Agreement. 
 8. Miscellaneous. 
 A. Governing Law; Consent to Personal Jurisdiction. This Agreement shall be governed by the laws of California without regard to California’s
conflicts of law rules. To the extent that any lawsuit is permitted under this Agreement, the parties hereby expressly consent to the personal and exclusive jurisdiction and venue of the state and federal courts located in California. 
 B. Assignability. This Agreement will be binding upon Consultant’s heirs, executors, assigns, administrators, and other legal
representatives, and will be for the benefit of the Company, its successors, and its assigns. There are no intended third-party beneficiaries to this Agreement, except as expressly stated. Except as otherwise provided in this Agreement, Consultant
may not sell, assign, or hdelegate any rights or obligations under this Agreement. Notwithstanding anything to the contrary herein, Company may assign this Agreement and its rights and obligations under this Agreement to any successor to all or
substantially all of Company’s relevant assets, whether by merger, consolidation, sale of assets or stock, or otherwise. 
 C. Entire
Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter of this Agreement and supersedes all prior written and oral agreements between the parties regarding the subject matter of this
Agreement. Consultant represents and warrants that he is not relying on any statement or representation not contained in this Agreement. 
 D. Headings. Headings are used in this Agreement for reference only and shall not be considered when interpreting this Agreement. 
 E. Notices. Any notice or other communication required or permitted by this Agreement to be given to a party shall be in writing and shall be deemed given (i) if delivered personally or by commercial messenger or courier
service, (ii) when sent by confirmed facsimile; or (iii) mailed by U.S. registered or certified mail (return receipt requested), to the party at the party’s address written below or at such other address as the party may have
previously specified by like notice. If sent by mail, delivery shall be deemed effective three business days after mailing in accordance with this Section. 
 (1) If to the Company, to: 
 Dolby Laboratories, Inc. 
 100 Potrero Avenue 
 San Francisco, CA 94103 
 Attention: Mark S. Anderson 
 (2) If to Consultant, to the last address of Consultant provided by Consultant to the Company. 
  

 -4- 

 F. Severability. If any provision of this Agreement is found to be illegal or unenforceable, the
other provisions shall remain effective and enforceable to the greatest extent permitted by law. 
 (signature page follows) 
  

 -5- 

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

							
	CONSULTANT	 		 	DOLBY LABORATORIES, INC.
				
	 /s/ Peter Gotcher
	 		 	By:	 	 /s/ N.W. Jasper, Jr.

	Peter Gotcher	 		 	Title:	 	 President and Chief Executive Officer

  

 -6-Separation Agreement and Release dated March 3, 2009, Timothy A. Partridge

 Exhibit 10.4 
 SEPARATION AGREEMENT AND RELEASE 
 This Separation Agreement and Release (“Agreement”) is
made by and between Timothy A. Partridge (“Executive”) and Dolby Laboratories, Inc., a Delaware corporation, and its direct and indirect subsidiaries (together, the “Company”) (collectively referred to as the “Parties”
or individually referred to as a “Party”). 
 RECITALS 
 WHEREAS, Executive was employed by the Company; 
 WHEREAS, Executive signed an Employee Proprietary Rights and Non-Disclosure Agreement and Conflict of Interest Policy with the Company on July 6, 1999 (the “Confidentiality Agreement”); 
 WHEREAS, Executive signed a Policy Regarding Reporting of Financial and Accounting Concerns, an Acknowledgement of Receipt of Code of Business Conduct
and Ethics, and an Employee Handbook (the “Business Policies”); 
 WHEREAS, the Company and Executive have entered into stock
option and restricted stock unit agreements on file with the Company, pursuant to the Company’s 2000 and/or 2005 Stock Plans (collectively the “Stock Agreements”); 
 WHEREAS, Executive’s employment with the Company will terminate effective May 1, 2009 (the “Separation Date”); 
 WHEREAS, Executive will continue to perform on-site services for the Company through and including March 6, 2009 (the “Transition Date”),
except as otherwise requested by the Company, after which Executive will provide certain off-site transitional services through and including the Separation Date (the “Transitional Services”); and 
 WHEREAS, the Parties wish to resolve any and all disputes, claims, complaints, grievances, charges, actions, petitions, and demands that the Executive
may have against the Company and any of the Releasees as defined below, including, but not limited to, any and all claims arising out of or in any way related to Executive’s employment with or separation from the Company; 
 NOW, THEREFORE, in consideration of the mutual promises made herein, the Company and Executive hereby agree as follows: 
 COVENANTS 
 1. Consideration.

 a. Payment. The Company agrees to pay Employee a lump sum equivalent to eighteen (18) months of Employee’s base salary,
for a total of Four Hundred Ninety Five Thousand Dollars ($495,000.00), less applicable withholding. This payment will be made to Employee within ten (10) business days after the Effective Date of this Agreement. 
 b. Outplacement Services. The Company agrees, following the Effective Date of this Agreement, to pay up to an aggregate total of Twenty Five
Thousand Dollars ($25,000.00) to (i) Right Management Inc. and/or (ii) Executive Edge (together, the “Outplacement Providers”) in 

 
relation to Executive’s personal use of the Outplacement Providers’ transition, coaching, and/or outplacement services (the “Outplacement
Services”). Payment for Outplacement Services shall be made by the Company directly to the Outplacement Providers. 
 Executive acknowledges and agrees
that the consideration provided to him hereunder fully satisfies any obligation that the Company had to pay Executive wages or any other compensation for any of the services that Executive rendered to the Company, that the amount paid is in excess
of any disputed wage claim, if any, that Executive may have. To the extent any wage dispute exists, Executive specifically acknowledges that the consideration paid shall be deemed to be paid first in satisfaction of any disputed wage claim with the
remainder sufficient to act as consideration for the release of claims set forth herein, and that Executive has not earned and is not entitled to receive any additional wages or other form of compensation from the Company. 
 2. Resignation. Executive will resign from his employment at the Company effective May 1, 2009. Executive agrees to execute any necessary
forms or other documents required to effect such resignation as a matter of state or federal law. 
 3. Transitional Services. The
Parties agree that Executive shall remain employed by the Company (but shall no longer be an officer of the Company) between the Transition Date and the Separation Date for the limited purpose of transitioning Executive’s duties, subject to
Executive remaining materially compliant with the terms of this Agreement, the Confidentiality Agreement, and the Business Policies (the “Transitional Period”). During the Transitional Period, the Company will continue to pay Executive his
base salary, and Executive will remain eligible for such standard Company-sponsored benefits as made generally available to employees of the Company. Executive agrees during the Transitional Period to provide assistance with respect to the
Company’s transition to new management as reasonably requested by the Company. Executive is not required or expected to provide on-site services during the Transitional Period, except as reasonably requested by the Company in advance, but
Executive agrees to remain generally accessible to the Company by phone, personal email, or other standard communication means, and to cooperate with the Company to the extent reasonably requested. During the Transitional Period, Executive
acknowledges and agrees that he is not authorized to act as an agent of the Company in any way outside the scope of Transitional Services requested by the Company. 
 4. Supplemental Release. Executive agrees, following the end of the Transitional Services, to sign the Supplemental Release attached hereto as Exhibit A (the “Supplemental Release”). Executive agrees
he will not sign the Supplemental Release until on or after the Separation Date, and acknowledges and agrees that any payments or benefits provided for under the Supplemental Release are expressly conditioned upon his signing and not revoking the
Supplemental Release. 
 5. Stock. The Parties agree that for purposes of determining vesting under the Stock Agreements, Executive
will be considered to have vested only up to the Separation Date. Executive should consult with the grant documents on file with the Company regarding the number of vested stock options and restricted stock units. The terms and conditions, including
specifically the forfeiture of unvested awards and the period of post-termination exercise for the stock options, shall continue to be governed by the terms and conditions of the Stock Agreements. 
 6. Benefits. Executive’s health insurance benefits shall cease on the Separation Date, subject to Executive’s right to continue his
health insurance under COBRA. Executive’s participation in all benefits and incidents of employment, including, but not limited to, vesting in stock options, and the accrual of bonuses, vacation, and paid time off, shall cease as of the
Separation Date. 
  

 Page 2 of 11 

 7. Payment of Salary and Receipt of All Benefits. Executive acknowledges and represents that,
other than the consideration set forth in this Agreement, the Company has paid or provided all salary, wages, bonuses, accrued vacation/paid time off, leave, housing allowances, relocation costs, interest, severance, outplacement costs, fees,
reimbursable expenses, commissions, stock, stock options, vesting, and any and all other benefits and compensation due to Executive. Executive further acknowledges and represents that he has received any leave to which he was entitled or which he
requested, if any, under the California Family Rights Act and/or the Family Medical Leave Act, and that he did not sustain any workplace injury, during his employment with the Company. 
 8. Release of Claims. Executive agrees that the foregoing consideration represents settlement in full of all outstanding obligations owed to
Executive by the Company and its current and former officers, directors, employees, agents, investors, attorneys, shareholders, administrators, affiliates, benefit plans, plan administrators, insurers, divisions, and subsidiaries, and predecessor
and successor corporations and assigns (collectively, the “Releasees”). Executive, on his own behalf and on behalf of his respective heirs, family members, executors, agents, and assigns, hereby and forever releases the Releasees from, and
agrees not to sue concerning, or in any manner to institute, prosecute, or pursue, any claim, complaint, charge, duty, obligation, or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected,
that Executive may possess against any of the Releasees arising from any omissions, acts, facts, or damages that have occurred up until and including the Effective Date of this Agreement, including, without limitation: 
 a. any and all claims relating to or arising from Executive’s employment relationship with the Company and the termination of that relationship;

 b. any and all claims relating to, or arising from, Executive’s right to purchase, or actual purchase of shares of stock of the
Company, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; 
 c. any and all claims for wrongful discharge of employment; termination in violation of public policy; discrimination; harassment; retaliation; breach of
contract, both express and implied; breach of covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of emotional distress; fraud; negligent or intentional misrepresentation;
negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury; assault; battery; invasion of privacy; false imprisonment; conversion; and
disability benefits; 
 d. any and all claims for violation of any federal, state, or municipal statute, including, but not limited to, Title
VII of the Civil Rights Act of 1964; Sections 1981 through 1988 of Title 42 of the United States Code, as amended; the Civil Rights Act of 1991; the Rehabilitation Act of 1973; the Americans with Disabilities Act of 1990; the Equal Pay Act; the Fair
Labor Standards Act, except as prohibited by law; the Fair Credit Reporting Act; the Immigration Reform and Control Act, as amended; the Occupational Safety and Health Act, as amended; the California Occupational Safety and Health Act, as amended;
the Age Discrimination in Employment Act of 1967; the Older Workers Benefit Protection Act; the Employee Retirement Income Security Act of 

  

 Page 3 of 11 

 
1974; the Worker Adjustment and Retraining Notification Act; the Family and Medical Leave Act, except as prohibited by law; the Sarbanes-Oxley Act of 2002;
the Uniformed Services Employment and Reemployment Rights Act; the California Family Rights Act; the California Labor Code, except as prohibited by law; the California Workers’ Compensation Act, except as prohibited by law; and the California
Fair Employment and Housing Act; 
 e. any and all claims for violation of the federal or any state constitution; 
 f. any and all claims arising out of any other laws and regulations relating to employment or employment discrimination; 
 g. any claim for any loss, cost, damage, or expense arising out of any dispute over the non-withholding or other tax treatment of any of the proceeds
received by Executive as a result of this Agreement; and 
 h. any and all claims for attorneys’ fees and costs. 
 Executive agrees that the release set forth in this section shall be and remain in effect in all respects as a complete general release as to the matters released. This
release does not extend to any obligations incurred under this Agreement. This release does not release claims that cannot be released as a matter of law, including, but not limited to: (1) Executive’s right to file a charge with or
participate in a charge by the Equal Employment Opportunity Commission, or any other local, state, or federal administrative body or government agency that is authorized to enforce or administer laws related to employment, against the Company (with
the understanding that any such filing or participation does not give Executive the right to recover any monetary damages against the Company; Executive’s release of claims herein bars Executive from recovering such monetary relief from the
Company); (2) claims under Division 3, Article 2 of the California Labor Code (which includes California Labor Code section 2802 regarding indemnity for necessary expenditures or losses by Executive); and (3) claims prohibited from release
as set forth in California Labor Code section 206.5 (specifically “any claim or right on account of wages due, or to become due, or made as an advance on wages to be earned, unless payment of such wages has been made”). 
 9. Acknowledgment of Waiver of Claims under ADEA. Executive understands and acknowledges that he is waiving and releasing any rights he may have
under the Age Discrimination in Employment Act of 1967 (“ADEA”), and that this waiver and release is knowing and voluntary. Executive understands and agrees that this waiver and release does not apply to any rights or claims that may arise
under the ADEA after the Effective Date of this Agreement. Executive understands and acknowledges that the consideration given for this waiver and release is in addition to anything of value to which Executive was already entitled. Executive further
understands and acknowledges that he has been advised by this writing that: (a) he should consult with an attorney prior to executing this Agreement; (b) he has twenty-one (21) days within which to consider this Agreement;
(c) he has seven (7) days following his execution of this Agreement to revoke this Agreement and agrees that any such revocation must be in a writing by email or federal express received by Andrew Dahlkemper by midnight on the seventh day
following Executive’s execution of this Supplemental Release; (d) this Agreement shall not be effective until after the revocation period has expired; and (e) nothing in this Agreement prevents or precludes Executive from challenging
or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties, or costs for doing so, unless specifically authorized by federal law. In the event Executive signs this
Agreement and returns it to the Company in less than the 21-day period identified above, Executive hereby acknowledges that he has freely and voluntarily chosen to waive the time period allotted for considering this Agreement. 
  

 Page 4 of 11 

 10. California Civil Code Section 1542. Executive acknowledges that he has been advised to
consult with legal counsel and is familiar with the provisions of California Civil Code Section 1542, a statute that otherwise prohibits the release of unknown claims, which provides 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. 
 Executive, being aware of said code
section, agrees to expressly waive any rights he may have thereunder, as well as under any other statute or common law principles of similar effect. 
 11. No Pending or Future Lawsuits. Executive represents that he has no lawsuits, claims, or actions pending in his name, or on behalf of any other person or entity, against the Company or any of the other
Releasees. Executive also represents that he does not intend to bring any claims on his own behalf or on behalf of any other person or entity against the Company or any of the other Releasees. 
 12. Trade Secrets and Confidential Information/Company Property. Executive reaffirms and agrees to observe and abide by the terms of the
Confidentiality Agreement, specifically including the provisions therein regarding nondisclosure of the Company’s trade secrets and confidential and proprietary information, and non-solicitation of Company employees. Executive’s signature
below constitutes his certification under penalty of perjury that he has returned all documents and other items provided to Executive by the Company, developed or obtained by Executive in connection with his employment with the Company, or otherwise
belonging to the Company. 
 13. Non-Disparagement and Communications with Company Employees, Customers and Business Partners.
Executive agrees to refrain from any disparagement, defamation, libel, or slander of any of the Releasees, and agrees to refrain from any tortious interference with the contracts and relationships of any of the Releasees. The Company agrees to
refrain from disparaging statements about Executive, and agrees to refrain from any tortious interference with Executive’s contracts and relationships. Notwithstanding, Executive understands and agrees that the Company’s obligations under
the preceding sentence extend only to the Company’s current officers and directors, and only for so long as each is an employee or director of the Company. Executive further agrees that he will refrain from discussing Company confidential
business or financial information with third parties, including the Company’s actual and potential customers or business partners. Executive shall direct any inquiries by potential future employers to the Company’s human resources
department, which shall use its best efforts to provide only the Executive’s last position and dates of employment. 
 14. No
Cooperation. Executive further agrees that he will not knowingly encourage, counsel, or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any
third party against any of the Releasees, unless under a subpoena or other court order to do so or as related directly to the ADEA waiver in this Agreement. Executive agrees both to immediately notify the Company upon receipt 

  

 Page 5 of 11 

 
of any such subpoena or court order, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or other court order. If
approached by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints against any of the Releasees, Executive shall state no more than that he cannot provide
counsel or assistance. 
 15. No Admission of Liability. Executive understands and acknowledges that this Agreement constitutes a
compromise and settlement of any and all actual or potential disputed claims by Executive. No action taken by the Company hereto, either previously or in connection with this Agreement, shall be deemed or construed to be (a) an admission of the
truth or falsity of any actual or potential claims or (b) an acknowledgment or admission by the Company of any fault or liability whatsoever to Executive or to any third party. 
 16. Costs. The Parties shall each bear their own costs, attorneys’ fees, and other fees incurred in connection with the preparation of this
Agreement. 
 17. ARBITRATION. THE PARTIES AGREE THAT ANY AND ALL DISPUTES ARISING OUT OF THE TERMS OF THIS AGREEMENT (INCLUDING THE
SUPPLEMENTAL RELEASE ATTACHED AS EXHIBIT A HERETO), THEIR INTERPRETATION, AND ANY OF THE MATTERS HEREIN RELEASED, SHALL BE SUBJECT TO ARBITRATION IN SAN FRANCISCO COUNTY, BEFORE JUDICIAL ARBITRATION & MEDIATION SERVICES, INC.
(“JAMS”), PURSUANT TO ITS EMPLOYMENT ARBITRATION RULES & PROCEDURES (“JAMS RULES”). THE ARBITRATOR MAY GRANT INJUNCTIONS AND OTHER RELIEF IN SUCH DISPUTES. THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION IN
ACCORDANCE WITH CALIFORNIA LAW, INCLUDING THE CALIFORNIA CODE OF CIVIL PROCEDURE, AND THE ARBITRATOR SHALL APPLY SUBSTANTIVE AND PROCEDURAL CALIFORNIA LAW TO ANY DISPUTE OR CLAIM, WITHOUT REFERENCE TO ANY CONFLICT-OF-LAW PROVISIONS OF ANY
JURISDICTION. TO THE EXTENT THAT THE JAMS RULES CONFLICT WITH CALIFORNIA LAW, CALIFORNIA LAW SHALL TAKE PRECEDENCE. THE DECISION OF THE ARBITRATOR SHALL BE FINAL, CONCLUSIVE, AND BINDING ON THE PARTIES TO THE ARBITRATION. THE PARTIES AGREE THAT THE
PREVAILING PARTY IN ANY ARBITRATION SHALL BE ENTITLED TO INJUNCTIVE RELIEF IN ANY COURT OF COMPETENT JURISDICTION TO ENFORCE THE ARBITRATION AWARD. THE PARTIES TO THE ARBITRATION SHALL EACH SEPARATELY PAY FOR ITS RESPECTIVE COUNSEL FEES AND
EXPENSES; PROVIDED, HOWEVER, THAT THE COMPANY SHALL PAY ALL ARBITRATION FEES (EXCEPT, IN THE EVENT OF AN ACTION FILED BY EXECUTIVE, EXECUTIVE SHALL PAY AN AMOUNT OF ARBITRATION FEES EQUAL TO THE FILING FEES THAT EXECUTIVE WOULD HAVE PAID IN A COURT
OF LAW) AND THE ARBITRATOR SHALL AWARD ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, EXCEPT AS PROHIBITED BY LAW. THE PARTIES HEREBY AGREE TO WAIVE THEIR RIGHT TO HAVE ANY DISPUTE BETWEEN THEM RESOLVED IN A COURT OF LAW BY A JUDGE OR JURY.
NOTWITHSTANDING THE FOREGOING, THIS SECTION WILL NOT PREVENT EITHER PARTY FROM SEEKING INJUNCTIVE RELIEF (OR ANY OTHER PROVISIONAL REMEDY) FROM ANY COURT HAVING JURISDICTION OVER THE PARTIES AND THE SUBJECT MATTER OF THEIR DISPUTE RELATING TO THIS
AGREEMENT AND THE AGREEMENTS INCORPORATED HEREIN BY REFERENCE. SHOULD ANY PART OF THE ARBITRATION AGREEMENT CONTAINED IN THIS PARAGRAPH CONFLICT WITH ANY OTHER ARBITRATION AGREEMENT BETWEEN THE PARTIES, THE PARTIES AGREE THAT THIS ARBITRATION
AGREEMENT SHALL GOVERN. 
  

 Page 6 of 11 

 18. Tax Consequences. The Company makes no representations or warranties with respect to the tax
consequences of the payments and any other consideration provided to Executive or made on his behalf under the terms of this Agreement. Executive agrees and understands that he is responsible for payment, if any, of local, state, and/or federal
taxes on the payments and any other consideration provided hereunder by the Company and any penalties or assessments thereon. Executive further agrees to indemnify and hold the Company harmless from any claims, demands, deficiencies, penalties,
interest, assessments, executions, judgments, or recoveries by any government agency against the Company for any amounts claimed due on account of (a) Executive’s failure to pay or the Company’s failure to withhold, or
Executive’s delayed payment of, federal or state taxes, or (b) damages sustained by the Company by reason of any such claims, including attorneys’ fees and costs. 
 19. Section 409A. The severance amounts and the provision of the other benefits provided for under this Agreement are intended to satisfy the
requirements of the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations will not constitute deferred compensation for purposes of Section 409A of the Internal Revenue Code of 1986, as
amended (“Section 409A”). The foregoing provisions are intended to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed
under Section 409A, and any ambiguities herein will be interpreted to so comply. 
 20. Authority. The Company represents and
warrants that the undersigned has the authority to act on behalf of the Company and to bind the Company and all who may claim through it to the terms and conditions of this Agreement. Executive represents and warrants that he has the capacity to act
on his own behalf and on behalf of all who might claim through him to bind them to the terms and conditions of this Agreement. Each Party warrants and represents that there are no liens or claims of lien or assignments in law or equity or otherwise
of or against any of the claims or causes of action released herein. 
 21. No Representations. Executive represents that he has had
an opportunity to consult with an attorney, and has carefully read and understands the scope and effect of the provisions of this Agreement. Executive has not relied upon any representations or statements made by the Company that are not
specifically set forth in this Agreement. 
 22. Severability. In the event that any provision or any portion of any provision hereof
or any surviving agreement made a part hereof becomes or is declared by a court of competent jurisdiction or arbitrator to be illegal, unenforceable, or void, this Agreement shall continue in full force and effect without said provision or portion
of provision. 
 23. Attorneys’ Fees. Except with regard to a legal action challenging or seeking a determination in good faith
of the validity of the waiver herein under the ADEA, in the event that either Party brings an action to enforce or effect its rights under this Agreement, the prevailing Party shall be entitled to recover its costs and expenses, including the costs
of mediation, arbitration, litigation, court fees, and reasonable attorneys’ fees incurred in connection with such an action. 
 24.
Entire Agreement. This Agreement, together with the Supplemental Release attached as Exhibit A hereto, represents the entire agreement and understanding between the Company and 

  

 Page 7 of 11 

 
Executive concerning the subject matter of this Agreement and Executive’s employment with and separation from the Company and the events leading thereto
and associated therewith, and supersedes and replaces any and all prior agreements and understandings concerning the subject matter of this Agreement and Executive’s relationship with the Company, with the exception of the Confidentiality
Agreement, the Stock Agreements, and any provisions of the Business Policies that inherently survive following a separation from employment. 
 25. No Oral Modification. This Agreement may only be amended in a writing signed by Executive and the Company’s Chief Executive Officer. 
 26. Governing Law. This Agreement shall be governed by the laws of the State of California, without regard for choice-of-law provisions. Executive consents to personal and exclusive jurisdiction and venue in
the State of California. 
 27. Effective Date. Each Party has seven (7) days after that Party signs this Agreement to revoke it.
This Agreement will become effective on the eighth (8th) day after Executive signed this Agreement, so long as it has been signed by the Parties and has not been revoked by either Party before that date (the “Effective Date”).

 28. Expiration of Agreement. This Agreement shall be null and void if the Company has not received an executed copy of the
Agreement on or by the twenty-first date after which it is received by Executive (the “Expiration Date”). 
 29.
Counterparts. This Agreement may be executed in counterparts and by facsimile, and each counterpart and facsimile shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of
the undersigned. 
 30. Voluntary Execution of Agreement. Executive understands and agrees that he executed this Agreement
voluntarily, without any duress or undue influence on the part or behalf of the Company or any third party, with the full intent of releasing all of his claims against the Company and any of the other Releasees. Executive acknowledges that:
(a) he has read this Agreement; (b) he has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of his own choice or has elected not to retain legal counsel; (c) he understands the terms
and consequences of this Agreement and of the releases it contains; and (d) he is fully aware of the legal and binding effect of this Agreement. 
 [SIGNATURE PAGE FOLLOWS] 
  

 Page 8 of 11 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth below. 
  

									
		 		 		 	TIMOTHY A. PARTRIDGE, an individual
				
	Dated:	 	 March 3, 2009
	 		 	 /s/ Timothy A. Partridge

		 		 		 	Timothy A. Partridge
				
		 		 		 	DOLBY LABORATORIES, INC.
					
	Dated:	 	 March 3, 2009
	 		 	By	 	 /s/ Andrew Dahlkemper

		 		 		 		 	Andrew Dahlkemper
		 		 		 		 	SVP, Human Resources

  

 Page 9 of 11 

 EXHIBIT A – SUPPLEMENTAL RELEASE 
 In consideration for the mutual promises and consideration provided both herein and in the Separation Agreement and Release signed March 3, 2009 (the
“Agreement”) between Timothy A. Partridge (“Executive”) and Dolby Laboratories, Inc., a Delaware corporation, and its direct and indirect subsidiaries (together, the “Company”) (collectively the “Parties”),
the Parties hereby extend by this Supplemental Release (the “Supplemental Release”) the release and waiver therein to any and all claims that may have arisen between the Effective Date of the Agreement and Executive’s signature date,
below. 
 1. Consideration. As consideration for this Supplemental Release, the Company agrees to pay Executive a lump sum equivalent
to three (3) months of Executive’s base salary, for a total of Eighty Two Thousand Five Hundred Dollars ($82,500.00), less applicable withholding (the “Supplemental Payment”). The Supplemental Payment will be provided to
Executive within ten (10) business days after Executive signs and returns this Supplemental Release, conditioned upon Executive not first revoking this Supplemental Release. 
 2. COBRA Reimbursement. As further consideration for this Supplemental Release, the Company agrees to reimburse Executive for the payments
Executive makes for COBRA coverage for a period of eighteen (18) months following his Separation Date, or until Executive has secured other employment, whichever occurs first, provided Executive timely elects and pays for COBRA coverage. COBRA
reimbursements shall be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy, provided Executive submits documentation to the Company substantiating his payments for COBRA. 
 3. Supplemental Release. The undersigned Parties expressly acknowledge and agree that the terms of Sections 7-27, 29, and 30 of the Agreement
shall apply equally to this Supplemental Release and are incorporated herein. Executive agrees that the foregoing consideration represents settlement in full of all outstanding obligations owed to Executive by the Company and its current and former
officers, directors, employees, agents, investors, attorneys, shareholders, administrators, affiliates, benefit plans, plan administrators, insurers, divisions, and subsidiaries, and predecessor and successor corporations and assigns (collectively,
the “Releasees”). Executive, on his own behalf and on behalf of his respective heirs, family members, executors, agents, and assigns, hereby and forever releases the Releasees from, and agrees not to sue concerning, or in any manner to
institute, prosecute, or pursue, any claim, complaint, charge, duty, obligation, or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that Executive may possess against any of the
Releasees arising from any omissions, acts, facts, or damages that have occurred up until and including the date Executive signs this Supplemental Release. 
 4. California Civil Code Section 1542. Executive acknowledges that he has been advised to consult with legal counsel and is familiar with the provisions of California Civil Code Section 1542, a
statute that otherwise prohibits the release of unknown claims, which provides 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.” Executive, being aware of said code section, agrees to expressly waive any rights he may have thereunder, as well as under any other
statute or common law principles of similar effect. 
  

 Page 10 of 11 

 5. ADEA Waiver. Executive further expressly understands and acknowledges that he is waiving and
releasing any rights he may have under the Age Discrimination in Employment Act of 1967 (“ADEA”), and that this waiver and release is knowing and voluntary. Executive understands and agrees that this waiver and release does not apply to
any rights or claims that may arise under the ADEA after the date his executes this Supplemental Release. Executive understands and acknowledges that the consideration given for this waiver and release is in addition to anything of value to which
Executive was already entitled. Executive further understands and acknowledges that he has been advised by this writing that: (a) he should consult with an attorney prior to executing this Supplemental Release; (b) he has twenty-one
(21) days within which to consider this Supplemental Release, by which time the Company must receive an executed copy; (c) he has seven (7) days following his execution of this Supplemental Release to revoke this Supplemental Release,
and agrees that any such revocation must be in a writing by email or federal express received by Andrew Dahlkemper by midnight on the seventh day following Executive’s execution of this Supplemental Release; (d) this Supplemental Release
shall not be effective until after the revocation period has expired; and (e) nothing in this Supplemental Release prevents or precludes Executive from challenging or seeking a determination in good faith of the validity of this waiver under
the ADEA, nor does it impose any condition precedent, penalties, or costs for doing so, unless specifically authorized by federal law. In the event Executive signs this Supplemental Release and returns it to the Company in less than the 21-day
period identified above, Executive hereby acknowledges that he has freely and voluntarily chosen to waive the time period allotted for considering this Supplemental Release. Executive understands and agrees that he executed this Supplemental Release
voluntarily, without any duress or undue influence on the part or behalf of the Company or any third party, with the full intent of releasing all of his claims against the Releasees. 
 6. Voluntary Execution of Supplemental Release. Executive understands and agrees that he executed this Supplemental Release voluntarily, without
any duress or undue influence on the part or behalf of the Company or any third party, with the full intent of releasing all of his claims against the Company and any of the other Releasees. Executive acknowledges that: (a) he has read this
Supplemental Release; (b) he has been represented in the preparation, negotiation, and execution of this Supplemental Release by legal counsel of his own choice or has elected not to retain legal counsel; (c) he understands the terms and
consequences of this Supplemental Release and of the releases it contains; and (d) he is fully aware of the legal and binding effect of this Supplemental Release. 
 IN WITNESS WHEREOF, the Parties have executed this Supplemental Release on the respective dates set forth below. 
  

									
		 		 		 	TIMOTHY A. PARTRIDGE, an individual
				
	Dated:	 	  
	 		 	  

		 		 		 	Timothy A. Partridge
				
		 		 		 	DOLBY LABORATORIES, INC.
					
	Dated:	 	  
	 		 	By	 	  

		 		 		 		 	Andrew Dahlkemper
		 		 		 		 	SVP, Human Resources

  

 Page 11 of 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]