Document:

Exhibit

Exhibit 10.2
	
		
	
	 

December 3, 2015
 
Mr.  Bruno Guilmart

Dear Bruno:

This Termination, Retrenchment and Loss of Office Letter Agreement (“Letter Agreement”) confirms our mutual understanding that your employment with the Company will cease on December 31, 2015 (the “Termination Date”).  On behalf of the Company, I would like to thank you for your significant contributions to the Company during your tenure.

In connection with your termination, retrenchment and loss of office, the Company will pay you severance for your termination and retrenchment for loss of office and provide you with the benefits provided under the Company’s Executive Severance Pay Plan.  This Letter Agreement summarizes those severance and retrenchment and other benefits for loss of office. 

The Company will pay you an amount equal to 24 months  of your base salary (the “Severance for Retrenchment and Loss of Office Amount”), subject to the following conditions:  (i) you execute a general release in favor of the Company and its affiliates within 30  days of the receipt of the release and you do not revoke such release within 7 (seven) days of its execution (a copy of the release is enclosed with this Letter Agreement); (ii) you are not terminated for Cause (defined as intentional dishonesty or willful refusal to perform your duties) before the Termination Date; and (iii) you do not voluntarily terminate your employment before the Termination Date.  If you fail to execute the general release or you timely revoke it, you will only be entitled to receive six (6) months of the Severance for Retrenchment and Loss of Office Amount which will be paid in equal installments on your regularly scheduled pay dates over six (6) months; otherwise, the Severance for Retrenchment and Loss of office Amount will be paid in twenty four (24) equal installments on your regularly scheduled pay dates (such 24-month period, the “Severance for Retrenchment and Loss of Office Period”)with the first pay date falling in the month immediately following receipt of the executed Release and its non-revocation within 7 days of execution.  In the event of that the Company is acquired by a third party through an acquisition, takeover or merger during the Severance for Retrenchment and Loss of Office Period, any remaining portion of the Severance for Retrenchment and Loss of Office Amount due hereunder will be paid in a lump sum to you, in full satisfaction of the Company’s obligations hereunder, no later than seven (7) days prior to the completion of such acquisition, takeover or merger.   

You will be eligible for the Fourth Quarter (Q4) Payment and Annual or 5th Payment under the terms of the Incentive Compensation Plan (“ICP”) for fiscal year 2015 based on the financial performance of the Company. You will not be entitled to any ICP payment for fiscal year 2016.

In view of your status as a Singapore Permanent Resident, please complete and return the attached Letter of Undertaking within 14 days so that the Company can assess the necessity to seek tax clearance with the Inland Revenue Authority of Singapore

Any entitlement to equity compensation with respect to any equity awards outstanding immediately prior to the Termination Date shall be determined in accordance with the terms of each applicable grant agreement and of the plan governing such equity awards. All unvested shares as of the Termination Date will be forfeited.

The Company will maintain and pay your ASFE-Mobility Benefit Plan through the Severance for Retrenchment and Loss of Office Period (through December 31, 2017). 

The severance for retrenchment and loss of office arrangements, payments and benefits set forth in this Letter Agreement are in lieu of and not in addition to any other payments and benefits set forth in any policy or practice of the Company or any of its direct or indirect subsidiaries or in any other agreement between you and the Company or any direct or indirect subsidiary of the Company.  

Please acknowledge you understand and agree with the arrangement described above by signing below and returning a copy of this Letter Agreement and the executed release.

         	
		
	 
	 Very truly yours,

	 
	/s/ JONATHAN CHOU

	 
	Jonathan Chou

	 
	Interim CEO & CFO

Accepted and Agreed:
	
		
	/s/ BRUNO GUILMART
	 

	Bruno Guilmart
	 

	December 3, 2015
	 

	Date
	 

RELEASE

This AGREEMENT is made as of this 3rd day of December, 2015, by and between Kulicke & Soffa Pte Ltd, (the “Company”), and Bruno Guilmart (the “Executive”).

1.Release.  In further consideration of the compensation and benefits to be provided to the Executive pursuant to the Kulicke and Soffa Industries, Inc. Executive Severance Pay Plan dated August 2011 as further described in the Termination, Retrenchment and Loss of Office Letter Agreement between the parties dated  December  3, 2015 (the “Letter Agreement”), Bruno Guilmart (the “Executive”) intending to be legally bound, hereby irrevocably and unconditionally releases and forever discharges Kulicke and Soffa Industries, Inc. and any and all of its parents, subsidiaries, affiliates, related entities, joint ventures (the “Company”) and each of its and their predecessors, successors, insurers, owners, stockholders, directors, officers, employees, attorneys, and other agents (“Released Parties”) of and from any and all rights, obligations, promises, agreements, debts, losses, controversies, claims, causes of action, liabilities, damages, and expenses, including without limitation attorneys’ fees and costs, of any nature whatsoever, whether known or unknown, asserted or unasserted, which he ever had, now has, or hereafter may have against the Released Parties, or any of them, that arose at any time before or upon his signing this Release, including without limitation the right to take discovery with respect to any matter, transaction, or occurrence existing or happening at any time before or upon his signing this Release and any and all claims arising under any oral or written Company program, policy or practice, contract, agreement or understanding, any common-law principle of any jurisdiction, any federal, state or local statute or ordinance, with all amendments thereto including without limitation the National Labor Relations Act of 1947, the Civil Rights Acts of 1866, 1871, 1964, and 1991, the Equal Pay Act, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit Protection Act, the Rehabilitation Act of 1973, the Bankruptcy Code, the Fair Credit Reporting Act, the Worker Adjustment and Retraining Notification Act, the Employee Retirement Income Security Act of 1974, the American With Disabilities Act of 1990, the Family and Medical Leave Act of 1993, the Health Insurance Portability and Accountability Act of 1996, the Sarbanes-Oxley Act of 2002, the Pennsylvania Human Relations Act, and any other  law of any jurisdiction that may apply.  (All claims encompassed by this Paragraph are hereinafter referred to collectively as the “Claims.”)   Notwithstanding the foregoing, the release set forth in this paragraph 1 does not apply to any claim relating to directors’ and officers’ liability insurance coverage or any right of indemnification (including expense reimbursement) under the Company’s organizational documents or the indemnification agreement between you and the Company.
 
2.    Covenant Not To Sue.  Executive hereby represents and warrants that he has brought no complaint, claim, charge, action or proceeding against any of the Released Parties in any judicial, administrative or any other forum.  Executive covenants to the fullest extent permitted by law that he will not lodge any formal or informal complaint in court, with any federal, state or local agency or in any other forum, whether or not arising out of or related to his employment by or the performance of any services to or on behalf of the Company or the termination of that employment or those series, seeking recovery based on any of the Claims released by this Release, but nothing in this Release shall prevent Executive from testifying as a witness or providing evidence if subpoenaed or ordered to testify before a court or agency.

3.    Termination of Employment.  Executive agrees that his employment with the Company terminated on December 31, 2015 (“Termination Date”), and that he was paid on his Termination Date all salary and other compensation due through his last day worked, and was reimbursed for all business expenses incurred in the course of his employment.  

4.     Return of Company and Personal Property.  Executive shall return all property of the Company in his possession, custody, or control, including but not limited to all keys, cards, and badges, and the originals and all copies of any paper or electronic files, but Executive shall be allowed to keep the cell phone and Laptop provided to him by the Company but only if Executive first delivers the said cell phone and Laptop to the Company and allows the Company to inspect its contents and delete any files or software relating to the Company.  

By signing this Release, Executive confirms that he has returned all such Company property, and that he has retrieved all personal property of his that is still in the Company’s possession, custody, or control. 

5.     Cooperation.  During the period following his Termination Date when Executive is receiving severance and retrenchment pay for loss of office from the Company, Executive shall be reasonably available to the Company during normal business hours to answer questions and provide information by phone and email concerning his former duties and responsibilities.  

6.     Non-Disparagement.   Executive shall refrain from making any false or disparaging comments about the Company and its personnel, products, and services in any form or medium, including but not limited to postings on any social media, blog, or website.  The management of the Company shall likewise refrain from making any false or disparaging comments about Executive or his competence, qualifications, or character in any form or medium including but not limited to postings on any social media, blog, or website. 

7.     Reference Checks.  In responding to inquiries about Executive from prospective employers, the Company shall confirm only his dates of employment, title, and final rate of pay. 

8.    Proprietary Information.  Any existing agreements between Executive and Company concerning the ownership of inventions and discoveries, protection of trade secrets, and other intellectual property rights shall remain in full force and effect by their terms.

9.     Unfair Competition.  Executive acknowledges and agrees that as condition to receiving the severance and retrenchment pay for loss of office and benefits outlined in the Letter Agreement between the parties dated December 3, 2015, he must refrain from engaging in unfair competition or solicitation of employees as required by the terms of the Executive Severance Plan.  

10.     Knowing and Voluntary Agreement.  Executive acknowledges that he has carefully read and fully understands all of the provisions and effects of this Release; that he is hereby advised to consult with an Attorney before signing this Release; that the Company has provided him with no less than forty-five days to decide whether or not to sign this Release; that the Company has provided him with no less than seven days within which to revoke this Release after signing it; that this Release will not take effect unless and until Executive has signed (and not revoked) this Release within those time periods; that Executive is voluntarily entering into this Release free of coercion and duress; and that neither the Company nor any of its agents or attorneys has made any representations or promises concerning the terms or effects of this Release.  

If Executive chooses not to sign this Release, or to revoke his acceptance, Executive shall receive only the severance and retrenchment pay for loss of office provided under the Executive Severance Plan in such circumstances. 

11.    Severability.  If any provision of this Release is determined to be invalid or unenforceable, the remainder of this Release other than such provision shall not be affected and will remain in full force and effect, except that the Company shall have no further obligation to pay any severance and retrenchment pay for loss of office or benefits if Executive is relieved from complying with the Non-competition and Non-solicitation provisions of the Executive Severance Plan.

12.    Good Faith Settlement.  This Release constitutes the good faith settlement of all claims or potential claims Executive may have against the Released Parties, or any of them, and is not and shall not in any way be construed as an admission of poor performance by Executive or wrongdoing by the Company.

13.     Complete Agreement.  This Release (and the Letter Agreement and Executive Severance Pay Plan to the extent consistent with this Release) contain the complete agreement of the parties and supersede all other agreements and understandings.  

14.    Effective Date.  This Release shall become effective and enforceable, unless sooner revoked pursuant to Paragraph 10, on the eighth day after Executive signs this Release.  Executive shall deliver this Release bearing his original signature to the Company at the following address:

Lisa Lim
Human Resource Department
Kulicke and Soffa Pte Ltd.
23A Serangoon North Avenue 5
#01-01 Singapore 554369

15.    Revocation.  Executive may revoke this Release if, before 5:00 p.m. on the seventh day after Executive signs the Release, he delivers to the Company, at the address specified in Paragraph 14, written notice of his intent to revoke this Release.

IN WITNESS WHEREOF, intending to be legally bound, the undersigned has executed this Release this 3rd day of December, 2015.

	
		
	 
	/s/ BRUNO GUILMART

	 
	Bruno GuilmartExhibit

February 4, 2016
Craig Cocchi
C/O Lumentum Operations LLC
400 N. McCarthy Blvd
Milpitas, CA 95035
Re: Your Employment with Lumentum Operations LLC
Dear Craig:
This letter will confirm the terms of your continued employment with Lumentum Operations LLC (the “Company” or “Lumentum”), and the termination of your employment on April 1, 2016 (the “Termination Date”).
Between the date of this Agreement and April 1, 2016, you will continue in a full time capacity, at your current base salary. You will continue to be eligible to participate in the Company’s Cash Incentive Plan (“CIP”). You also will continue to be eligible to participate in the Company’s benefit plans available to all U.S. Company employees pursuant to the terms of those plans.  Your previously granted equity awards will continue to vest until the Termination Date pursuant to the terms of each grant.
On the Termination Date, the Company will provide you with your final paycheck, which will include all accrued, unpaid wages and accrued ESPP contributions, if any. Additionally, following the Termination Date, and conditioned upon (a) your termination being for reasons other than for “Cause” (as defined below), and (b) your execution and non-revocation of a separation agreement and release of claims in a form attached hereto as Exhibit “A”, the Company will provide you with the benefits described in Section 3(e)(i) through (iii) of the Company’s 2015 Change in Control and Severance Benefits Plan, as Amended and Restated, as filed by the Company on Form 8-K on August 6, 2015 (the “Plan”).
Please also note that your employee Proprietary Information and Inventions Agreement signed upon the commencement of your employment continues in full force and effect in accordance with its terms.
Notwithstanding any contrary provisions to this letter, until the date your employment with the Company actually terminates, your employment will remain at-will, and may be terminated at any time by you or the Company with or without Cause.
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 and continuing failure, after notice and opportunity to cure, by Employee to comply with material written or known policies and procedures of the Company including but not limited to the Lumentum Code of Business Conduct and Insider Trading Policy.

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

	 
	 
	 
	 
	Sincerely,

	 
	 
	 

	 
	 
	 
	 
	/s/ Alan Lowe

	 
	 
	 

	 
	 
	 
	 
	Alan Lowe

	 
	 
	 
	 
	President and Chief Executive Officer

	 
	 
	 

	Agreed and Accepted:
	 
	 
	 
	Date:

	 
	 
	 

	  /s/ Craig Cocchi
	 
	 
	 
	2/4/16

	Craig Cocchi
	 
	 
	  

	 
	 
	 

EXHIBIT A

DATE

NAME
ADDRESS

		
	Re:
	Separation from Lumentum on DATE 

Dear NAME,

This letter agreement (“Agreement”) will confirm the terms of your separation from your employment with Lumentum Operations LLC and its parent, subsidiaries and affiliated entities (the “Company”) effective DATE (the “Termination Date”). The Effective Date of this Agreement will be the 8th calendar day following the date of your signature below.  

On the Termination Date the Company will provide you with your final paycheck, which will include your regular base pay through your termination date, plus the value of your unused vacation pay earned through that date.  If you were a participant in the employee stock purchase program (ESPP), your contributions for the current period will be refunded to you.  

Pursuant to the Lumentum Holdings Inc. Change in Control and Severance Benefits Plan, as Amended and Restated (the “Severance Plan”), you will receive the following, conditioned upon your execution, delivery, and non-revocation of this Agreement: 

		
	•
	Equity-Based Awards:  Any and all unvested Company equity-based awards that are subject to time-based vesting conditions as set forth in Schedule 1 (the “Equity Awards”) will automatically be accelerated so that the number of shares subject to the Equity Awards that would have vested over the nine-month period following the Termination Date will become immediately and completely vested and exercisable.  This acceleration of vesting will become effective on the 60th day following the Termination Date (the “Trigger Date’).  Any unvested portion of the Equity Awards as of the Termination Date will be forfeited.  Except as described herein, each Equity Award will remain subject to the terms and conditions of the award agreement and plan under which the Equity Award was granted.  You will have 90 calendar days from the Termination Date to exercise any stock options that are vested on or before your Termination Date.

		
	•
	Cash Severance:  Within ten days following the Trigger Date, you will receive a lump sum cash payment in the amount of $xx, less applicable withholdings, which is equal to nine months of your base salary rate as of the Termination Date.

		
	•
	COBRA Continuation.  If you elect benefits continuation under COBRA following the Termination Date, the Company will reimburse you for the full monthly costs of such benefits for a period of nine months or until you are no longer eligible for COBRA benefits, whichever is sooner. If the Company determines, in its sole discretion, that the payment of the COBRA premiums would result in a violation of applicable law, then in lieu of providing reimbursements for COBRA premiums, the Company may elect instead to pay you to or before the first day of each month covered by this paragraph, a fully taxable cash payment equal to the COBRA premium for that much, less applicable withholdings

 
Upon the termination of your employment you will be eligible for COBRA benefits continuation.  A package containing appropriate COBRA information will be mailed to you shortly after your termination by the third-party vendor that manages this program for Lumentum.  

You acknowledge and agree 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, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, equity awards, vesting, and any and all other benefits and compensation due to you.

  Your Proprietary Information and Inventions Agreement signed on DATE (the “Proprietary Agreement”), will continue in full force and effect in accordance with its terms.  You acknowledge and agree to continue to abide by the terms and conditions of the Company’s Insider Trading Policy in accordance with its terms.  Except as described in this Agreement or in Sections 9 and 10(d) of the Severance Plan, 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, equity award vesting or other benefits, and 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, and may not be modified except in writing signed by you and the Company

In consideration of the terms of this Agreement, you completely release from and agree not to file, cause to be filed, or otherwise pursue against the Company, its affiliated, related, parent or subsidiary corporations, and its present and former directors, officers, employees, attorneys, insurers and affiliated entities (collectively, the “Releaseees”) 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, 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), equity awards or claimed rights related to equity awards, breach of contract, wrongful termination, retaliation, fraud, 

misrepresentation, unfair business practices, breach of fiduciary duty, defamation, infliction of emotional distress, invasion of privacy, personal injury or national origin, race, color, age, sex, sexual orientation, religious, disability, medical condition or other discrimination or harassment arising under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act (“ADEA”), the Worker Adjustment and Retraining Notification (“WARN”) Act, the Americans with Disabilities Act, the Fair Labor Standards Act, the Equal Pay Act; the Fair Credit Reporting Act; the Older Workers Benefit Protection Act; the Employee Retirement Income Security Act of 1974; the Family and Medical Leave Act; the Sarbanes-Oxley Act of 2002; the Immigration Control and Reform Act; the California Family Rights Act; the California Labor Code; the California Workers’ Compensation Act; and the California Fair Employment and Housing Act (and any other analogous state or federal laws or any other applicable law, all as they have been or may be amended, any other claims for violation of any federal, state, or local law, and any and all claims for attorneys’ fees and costs.

Notwithstanding the previous paragraph, the parties acknowledge and agree that 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, your 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 you the right to recover any monetary damages against the Company; your release of claims herein bars you from recovering such monetary relief from the Company).  Notwithstanding the foregoing, you acknowledge that any and all disputed wage claims that are released herein shall be subject to binding arbitration as noted herein, except as required by applicable law.  You represent that you have made no assignment or transfer of any right, claim, complaint, charge, duty, obligation, demand, cause of action, or other matter waived or released by this Section.  The Company will maintain D&O insurance on your behalf to the same extent maintained on behalf of executive officers of the Company.

You have been advised that you have 21 calendar 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 calendar 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 calendar day revocation period has expired, but that all other terms of this Agreement will become effective upon your signature below.  
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 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. Further, you agree that you will not make or publish, either orally or in writing, any disparaging statement regarding the Company or any other Releasee, including, without limitation, the business, products, intellectual property, financial standing, future, or employment/compensation/benefit practices of the Company.  In order to insure that there is no subsequent dispute regarding such potential impedance or interference, you agree that for a period of one year after the Termination Date you will not, for yourself or any third party, directly or indirectly employ, solicit for employment, or recommend for employment any person who was employed by the Company as of the Termination Date.  
YOU AND THE COMPANY AGREE THAT ANY AND ALL DISPUTES ARISING OUT OF THE TERMS OF THIS AGREEMENT, YOUR INTERPRETATION, AND ANY OF THE MATTERS HEREIN RELEASED, SHALL BE SUBJECT TO ARBITRATION IN SANTA CLARA COUNTY, BEFORE JUDICIAL ARBITRATION & MEDIATION SERVICES (“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.  YOU AND THE COMPANY 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 PAY AN EQUAL SHARE OF THE COSTS AND EXPENSES OF SUCH ARBITRATION, AND EACH PARTY SHALL SEPARATELY PAY FOR ITS RESPECTIVE COUNSEL FEES AND EXPENSES; PROVIDED, HOWEVER, THAT THE ARBITRATOR SHALL AWARD ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, EXCEPT AS PROHIBITED BY LAW.  YOU AND THE COMPANY 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 YOU OR THE COMPANY 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 YOU AND THE COMPANY, YOUAN THE COMPANY AGREE THAT THIS ARBITRATION AGREEMENT SHALL GOVERN.

You understand and agree that, as a condition of this Agreement, you are not entitled to any future employment with the Company following the Termination Date, and you waive any right, or alleged right, of employment or re-employment with the Company. You further agree not to apply for employment with the Company and not otherwise pursue an independent contractor or vendor relationship with the Company after the Termination Date.

You understand that nothing in this Agreement will in any way limit or prohibit you from engaging for a lawful purpose in any Protected Activity. For purposes of this Agreement, “Protected Activity” will mean filing a charge or complaint, or otherwise communicating, cooperating, or participating with, any state, federal, or other governmental agency, including the Securities and Exchange Commission, and the National Labor Relations Board with the understanding that you cannot recover any monetary relief for any such claims, unless such a waiver is prohibited by law. Notwithstanding any restrictions set forth in this Agreement, you understand that you are not required to obtain authorization from the Company prior to disclosing information to, or communicating with, such agencies, nor are you obligated to advise the Company as to any such disclosures or communications. Notwithstanding, in making any such disclosures or communications, you agree to take all reasonable precautions to prevent any unauthorized use or disclosure of any information that may constitute Company confidential information under the Proprietary Agreement to any parties other than the relevant government agencies. You further understand that “Protected Activity” does not include the disclosure of any Company attorney-client privileged communications, and that any such disclosure without the Company’s written consent shall constitute a material breach of this Agreement.

Please confirm your acceptance of the foregoing by signing below.

	
				
	 
	 
	Sincerely,
	 

	 
	 
	 
	 

	 
	 
	Alan Lowe
	 

	 
	 
	President and Chief Executive Officer
	 

	 
	 
	 
	 

	Agreed and Accepted:
	 
	Date:
	 

	 
	 
	 
	 

	 
	 
	 
	 

	NAME
	 
	 
	 

	 
	 
	 
	 

                    

Schedule 1

Equity Awards

	
						
	Grant Date
	Award Type
	Total Shares
	Vested Shares as of Termination Date
	Accelerated Shares as of Trigger Date
	Unvested and Cancelled Shares as of Termination Date

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