Document:

EX-10.10

 Exhibit 10.10 

eASIC Corporation 
 2585
Augustine Drive 
 Santa Clara, CA 95054 

Tel: (408) 855-9200 
 Fax:
(408) 855-9201 
 www.easic.com 

April 28, 2014 
 Richard J. Deranleau 

 
  

 
  

Dear Richard: 
 eASIC Corporation (“eASIC” or the
“Company”) is pleased to formally offer you a full time position as Chief Financial Officer of the Company. You will report to me, and you will be responsible for duties commensurate with this position, provided that the Company may change
your position and duties from time to time in its discretion. Throughout the term of your employment, you will devote on a full time basis such business time and energies to the business and affairs of the Company as needed to carry out your duties
and responsibilities. Your office will be in our corporate headquarters facility in Santa Clara, California. 
 Compensation: 

Your annual base salary will be $245,000 less payroll deductions and all required withholdings. 

You are eligible to receive additional cash compensation (the “2014 Management Bonus Plan”) based on metrics tied to the Company’s overall
performance as determined by the Board. The target bonus compensation you may receive under the 2014 Management Bonus Plan shall be 40% of your base salary. Your 2014 bonus opportunity will be pro-rated based on the number of days in which you are
employed with eASIC in 2014. You must remain employed through the bonus payment dates in order to earn such bonus and for such bonuses in subsequent years, and your bonuses are not guaranteed. Notwithstanding the foregoing, your 40% bonus will be
guaranteed solely from the period of your start date through 3 months following the lock-up expiration of an initial public offering of the Company’s stock or the closing of the sale of the majority or greater of the Company’s stock,
whichever is earlier. During this period, your bonus will be paid on a quarterly basis in arrears and your first payment will be pro rated based on the number of days in which you are employed with eASIC during that quarter. 

You are also eligible to participate in the Company’s health benefits, vacation and holiday pay, and other employee benefits, in accordance with the
Company’s employee policies as developed, adopted and modified from time to time. The Company reserves the right to modify or cancel such benefits at any time. 

  
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 Start Date: 

Your starting date is: June 30, 2014 (R. Deranleau) 

Common Stock Shares 
 In connection with your employment
with the Company, the Company will recommend that the Board of Directors grant you an option to purchase an amount of shares of the Company’s common stock equal to one percent (1%) of the fully diluted number of shares outstanding
immediately prior to the issuance of this grant (“Shares”). Twenty-five percent of the Shares shall vest upon your completion of one year of continuous service from your start date, and the remaining shares shall vest each month of
continuous service thereafter over the next three years, provided however, that the Shares shall be, in the event of a change of control of the Company through the sale of a majority of the Company’s stock, subject to acceleration based on the
double trigger acceleration provisions. The options shall have an exercise purchase price equal to the fair market value on the date of such grant as determined by the Company’s Board of Directors. The options will be incentive stock options to
the maximum extent allowed by applicable law and will be subject to the terms of the Company’s ’s 2010 Equity Incentive Plan and related documents. 

Confidentiality Agreement 
 As an eASIC employee, you will
be expected to abide by Company rules and regulations and sign and comply with the Company’s standard Proprietary Information and Invention Agreement (the “PIIA”), attached as Exhibit A. This letter, the PIIA, the Company policy for
all employees, and your Stock Option Agreement between you and eASIC, set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. As required by law, this offer is subject
to satisfactory proof of your right to work in the United States. This letter may not be modified or amended, except by a written agreement, signed by the Company and you. 

At Will Employment 
 You should be aware that your
employment with eASIC is for no specified period and constitutes “at will” employment. As a result, you are free to resign at any time, for any reason or for no reason, simply by notifying the Company. Similarly, eASIC is free to conclude
its employment relationship with you at any time for any reason, with or without cause. This at-will employment relationship cannot be changed except in a writing signed by a Company officer. 

Dispute Resolution 
 You and the Company agree that any
dispute between you (including any claims you may have against any officer, director, or employee of the Company or any subsidiary thereof), including without limitation any dispute arising directly or indirectly out of termination of the employment
relationship created hereunder, shall be resolved under the Company dispute Resolution Procedure where Binding Arbitration shall be the exclusive final remedy for dispute between the parties to be held in Santa Clara County, California in accordance
with the National Rules for the Resolution of Employment Disputes then in effect of the American Arbitration Association. 

  
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 The aforementioned are the terms and conditions of your employment and any other representation which may have
been made to you are superseded by this offer. If the above terms and conditions are in accordance with your understanding, please sign this letter where indicated below and return it to me. This offer, if not accepted, will expire on May 7,
2014. Your employment is contingent upon your providing the Company with the legally required proof of your identity and legal right to work in the United States. It is mandatory that you bring with you your documents on your first day of work at
eASIC. 
 Richard, all of us at eASIC look forward to having you join us. I am confident that your contribution will be an asset in our success through our
next phase as a fast-growth technology leader. If you have any questions about this letter or your offer, please do not hesitate to contact me. 
  

			
	Sincerely,
		
	By:	 	 /s/ Ronnie Vasishta

		 	Ronnie Vasishta, CEO

 This offer of employment is expressly conditioned upon, and shall not be effective in the absence of your agreement and
acceptance. 
 I agree to and accept this offer of employment with eASIC Corporation. 

 

	
	 /s/ Richard Deranleau

	Richard J. Deranleau

  

	
	 5/5/14

	Date

  

  
 Page 3EX-10.11

 Exhibit 10.11 

2585 Augustine Drive, Suite 100 

Santa Clara, CA 95054 

Phone: (408) 855-9200 

Fax: (408) 855-9201 

www.easic.com 
 April 25, 2008 

Mr. Ranko Šćepanović 

 
  

 
  

 
 Dear Ranko, 

It gives us great pleasure to invite you to join eASIC (the “Company”) as a full time employee. This letter agreement (the
“Agreement”) sets forth the basic terms and conditions of your employment. Such employment shall begin May 19th, 2008. By signing this letter, you will be agreeing to these terms.
You will be entitled to all Company employee benefits consistent with the Company’s plans. 
 1. Compensation (Salary; Incentive). You will be
paid an annual base salary of $250,000 (payable in accordance with the Company’s usual payroll practice), which covers all hours worked. 
 2.
Duties. You have been appointed by the Company to serve as its Senior Vice President of Advanced Technology. Your duties, responsibilities and authority are those as are appropriate to such position. Throughout the term of your employment,
you will devote on a full-time basis such business time and energies to the business and affairs of the Company as needed to carry out your duties and responsibilities as Senior VP of Advanced Technology. You will be reporting to Ronnie Vasishta,
Chief Executive Officer. 
 As an exempt employee, you are required to exercise your specialized expertise, independent judgment and
discretion to provide high-quality services. You are required to follow written office policies and procedures adopted from time to time by the Company. You will also be required to provide the Company with an I-9 form and satisfactory documentation
confirming your right to work in the United States. 
 3. Proprietary Information Agreement. You will be required to sign the Company’s standard
Proprietary Information and Invention Agreement (the “PIIA”), which is incorporated herein by reference. 
 4. Stock Options. Subject to
approval by the Board, you will be granted an option to purchase Company common stock on the terms and conditions set forth below. 

 a. You will be granted an option to purchase shares of Company common stock at an exercise price
equal to the fair market value on the date of grant, as determined by the Board, with the number of shares calculated to equal 1.1% of the fully diluted equity of the Company calculated based on the total outstanding shares after the closing of the
Series F round of financing, which is equivalent to 1,448,589 shares, and with the vesting to start from the commencement of your employment with the Company. This option will be immediately exercisable, subject to the Company’s right of
repurchase over any unvested shares. Twenty-five percent of the Shares shall vest upon your completion of one year of continuous service from your start date, and the remaining shares shall vest each month of continuous service thereafter over the
next three years. The Shares will continue to vest only so long as you continue to be employed by the Company. The option will be an incentive stock option to the maximum extent allowed by applicable law and will be subject to the terms of the Stock
Option Agreement between you and the Company. 
 b. In the event of (i) your involuntary termination by the Company without Cause or
(ii) your voluntary termination for Good Reason, in either case occurring after a Change in Control but not later than twelve months following a Change in Control, and subject to your execution of a general release of claims in favor of the
Company and its officers, directors, shareholders, employees, agents and successors, you will receive vesting acceleration of 50% of the then unvested options. 

5. Definitions. For purposes of this agreement, the following definitions shall apply: 

“Change in Control” means; (i) the acquisition of the Company by another entity by means of any transaction or series of related transactions
(including, without limitation, any reorganization, merger or consolidation but excluding any merger effected exclusively for the purpose of changing the domicile of the Company) if as a result of such transaction or series of related transactions
the shareholders of the Company prior to the commencement of the transaction or transactions own less than thirty percent (30%) of the voting shares of the entity surviving such transaction or transactions; (ii) the sale, transfer or other
disposition of all or substantially all assets of the Company; or (iii) a sale of all or substantially all of the capital stock of the Company; 

“Cause” means (i) your conviction or plea of nolo contendere to a felony or other intentional misconduct that, in the reasonable and good faith
determination of the Board of Directors, (A) makes it impracticable for you to discharge substantially all of your duties as an officer of the Company, or (B) has a deleterious effect on the Company’s reputation in its market or in
the financial community, (ii) you commit gross negligence or intentional misconduct (including, without limitation, embezzlement, fraud or dishonesty) that is materially injurious to the Company, or (iii) you violate in a material respect
your employment duties (including, but not limited to, (A) a willful or grossly negligent act by you constituting a material breach of the PIIA or (B) your failure to substantially perform your duties as an employee of the Company
consistent with your title and duties and you do not cure such violation within fifteen (15) calendar days after receiving written notice from the Company detailing the specific actions of such failure to perform and the specific actions
necessary for you to cure such failure to perform. 

  
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 “Good Reason” means your resignation of employment with the Company as a result of any action by the
Company (or its successor or acquirer) which, without your written consent, (i) substantially reduces the amount of your then annual base compensation, except for a general reduction that applies proportionally to similarly situated employees,
or (ii) unilaterally and substantially changes your title and duties; provided, however, that the unilateral change by the surviving or acquiring entity (or its parent) in your title and duties to a position that is substantially comparable in
salary and responsibility to your current position shall not constitute “Good Reason”, or (iii) relocation of your principal place of employment by more than twenty-five (25) miles, or (iv) a successor entity’s failure
to assume this Agreement, or (v) any material breach by the Company of any material provision of any agreement between you and the Company and the Company does not cure such breach within fifteen (15) calendar days after receiving written
notice from you detailing the specific breach and the specific actions necessary for the Company to cure such failure to perform. 
 6. At-Will
Employment. Your continued employment with the Company is at the Company’s sole discretion (in legal terms, this means that your employment is “at-will”). In other words, either you or the Company can terminate your employment at
any time and for any reason, with or without cause and with or without notice, and without thereby incurring any liability except as agreed upon under this agreement, and subject to the conditions set forth herein. Your at will employment is not
subject to change or modification of any kind except if in writing and signed by the Chief Executive Officer of the Company. 
 7. Dispute
Resolution. 
 a. The Company and you mutually agree that any dispute or controversy arising out of, relating to, or in connection with
this Agreement, or the interpretation, validity, construction, performance, breach, or termination thereof, shall be settled by binding arbitration to be held in Santa Clara County, California in accordance with the National Rules for the Resolution
of Employment Disputes then in effect of the American Arbitration Association (the “Rules”); provided, however, that any violation of the Proprietary Information and Invention Agreement that may be immediately enjoined or restricted by
court order shall be submitted for the possible granting of immediate temporary or permanent equitable relief to the state courts of California for the County of Santa Clara. Subject to the foregoing, the arbitrator may grant additional injunctions
or other relief in such dispute or controversy. The decision of the arbitrator will be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. 

b. The arbitrator(s) (and if applicable under the PIIA the courts) will apply California law to the merits of any dispute or claim, without
reference to rules of conflicts of law. The arbitration proceedings will be governed by the Rules without reference to any other arbitration standards. You hereby consent to the personal jurisdiction of the state and federal courts located in Santa
Clara County, California for any action or proceeding arising from or relating to this Agreement or relating to any arbitration in which the parties are participants. 

  
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 c. Costs. You and the Company will share the costs of arbitration equally, except that the
Company will bear the cost of the arbitrator’s fee and any other type of expense or cost that you would not be required to bear if you were to bring the dispute or claim in court. Both you and the Company will be responsible for their own
attorney’s fees, and the arbitrator may not award attorneys’ fees unless a statute or contract at issue specifically authorizes such an award. 

d. YOU HAVE READ AND UNDERSTAND THIS SECTION 7, WHICH DISCUSSES ARBITRATION. YOU UNDERSTAND THAT BY SIGNING THIS AGREEMENT, YOU AGREE TO
SUBMIT ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR TERMINATION THEREOF TO BINDING ARBITRATION, AND THAT THIS ARBITRATION CLAUSE CONSTITUTES A
WAIVER OF YOUR RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, DISCRIMINATION CLAIMS (WITH THE VERY NARROW EXCLUSION SET FORTH ABOVE OF
POSSIBLE COURT IMPOSED TEMPORARY RESTRAINING ORDERS OR PRELIMINARY OR FINAL INJUNCTIONS REGARDING YOUR BREACH OF THE PROPRIETARY INFORMATION AND INVENTION AGREEMENT). 

8. Integrated Agreement. This agreement (together with the PIIA, any stock option agreements and related documents, including the equity compensation
plan pursuant to which such options are granted) supersedes any prior agreements, representation or promises of any kind, whether written, oral, express or implied between you and the Company with respect to the subject matters herein and
constitutes the full, complete and exclusive agreement between you and the Company with respect to the subject matters in this Agreement. 
 9.
Miscellaneous. No provision of this Agreement may be amended or waived unless such amendment or waiver is agreed to by you and the Board in writing. No waiver by you or by the Company of the breach of any condition or provision of this
Agreement will be deemed a waiver of a similar or dissimilar provision or condition at the same or any prior or subsequent time. In the event any portion of this Agreement is determined to be invalid or unenforceable for any reason, the remaining
portions shall be unaffected thereby and will remain in full force and effect to the fullest extent permitted by law. All matters relating to the interpretation or enforcement of this Agreement shall be governed by California law, without regard to
its choice of law provisions. 
 10. Absence of Conflicts. You represent that your performance of your duties under this agreement will not breach
any other agreement as to which you are a party. 
 11. Successors. This Agreement is binding on and may be enforced by the Company and its
successors and assigns and is binding on and may be enforced by you and your heirs and legal representatives. Any successor to the Company or substantially all of its business (whether by purchase, merger, consolidation or otherwise) will in advance

  
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assume in writing and be bound by all of the Company’s obligations under this agreement. 
 12.
Notices. Notices hereunder must be in writing and will be deemed to have been given when personally delivered or two days after mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. Mailed notices to you
will be addressed to you at the home address that you have most recently communicated to the Company in writing. Notices to the Company will be addressed to its Chief Executive Officer at the Company’s corporate headquarters. 

13. Acknowledgment. You acknowledge that you had the opportunity to discuss this Agreement with and obtain advice from legal counsel, you had
sufficient time to, and have carefully read and fully understand all the provisions of this Agreement, and you are knowingly and voluntarily entering into this Agreement. 

eASIC intends to be the technology leader in the Structured ASIC, Configurable Logic, and FPGA segments of the IC design implementation and
manufacturing market and hopes that you will join us in this mission. To facilitate matters, we would appreciate if you would indicate your acceptance of this offer by signing below and returning a copy to us by May 1st, 2008. The other copy is
for your records. If you have any questions about this letter or your offer, please do not hesitate to contact me. 
 Sincerely, 

/s/ Ronnie Vasishta             

Ronnie Vasishta 
 Chief Executive Officer 

I agree to the terms of employment set in this Agreement. 
  

					
	 /s/ Ranko Šćepanović
	  	 4-29-08
	  	
	Ranko Šćepanović	  	Date	  	

  
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