Document:

Exhibit
10.3

Form of Agreement for
Vice Presidents

SEVERANCE AGREEMENT

THIS SEVERANCE AGREEMENT (this “Agreement”) is entered into as
of the      day of
           200   ,
by and between THQ INC., a Delaware corporation (the “Company”),
and      , (the “Executive”).

W I T N E S S E T H

WHEREAS, the Executive currently serves as a key employee of the
Company and the Executive’s services and knowledge are valuable to the Company
in connection with the management of one or more of the Company’s principal
operating functions, departments, divisions or subsidiaries; and

WHEREAS, the Board has determined that it is in the best interests of
the Company and its stockholders to encourage the Executive’s continued
services and to ensure the Executive’s continued dedication by providing
specified severance benefits in the event the Executive’s employment is
terminated by the Company without Cause under certain circumstances; and

WHEREAS, to encourage the Executive’s full attention and dedication to
the Company, the Board has authorized the Company to enter into this Agreement.

NOW, THEREFORE, the Company and the Executive hereby agree as follows:

1.         Definitions.

1.1     “Board”
means the Board of Directors of the Company.

1.2     “Cause” means (i) a material breach by
the Executive of the duties and responsibilities of the Executive (other than
as a result of incapacity due to physical or mental illness), or (ii) the
conviction of the Executive of, or plea of guilty, no contest or nolo contendere to, (x) illegal conduct
that is materially injurious to the Company or (y) any felony (unless arising
as a result of vicarious liability or a traffic violation), or (iii) the
commission by the Executive of misconduct that is materially injurious to the
Company.

1.3.     “Code”
means the Internal Revenue Code of 1986, as amended.

1.4.     “Date
of Termination” means the effective date on which the Executive’s
employment by the Company terminates.

1.5.     “Nonqualifying
Termination” means any termination of the Executive’s employment with the
Company that is not a Qualifying Termination.

1.6     “Qualifying
Termination” means the involuntary termination of the Executive’s
employment by the Company without Cause, unless the Executive is entitled to
severance benefits under a Change in Control Severance Agreement with the
Company as a result of such termination.

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2.           Payments
Upon Qualifying Termination of Employment. 
If the employment of the Executive shall terminate by reason of a
Qualifying Termination, the Executive (or the Executive’s beneficiary or
estate)  shall be entitled
to the following payments and benefits:

2.1.      The
Company shall pay, within 30 days following the Date of Termination, a cash
amount equal to the sum of (i) the Executive’s annual base salary from the
Company and its affiliated companies through the Date of Termination, to the
extent not theretofore paid, and (ii) any accrued vacation pay, in each case to
the extent not theretofore paid; plus

2.2.
     Provided that the Executive has executed and not
revoked the general release referred to in Section 4 hereof (the “Release”),
the Company shall pay a cash amount equal to the sum of (i) one-half of the
Executive’s annual base salary from the Company and its affiliated companies in
effect at the time of the Date of Termination; 
(ii) one-half of the Executive’s annual bonus paid, including any such
amount that was subject to deferral, to the Executive by the Company and its
affiliated companies in respect of the fiscal year of the Company immediately
preceding the fiscal year in which the Date of Termination occurs; and (iii)
any accrued but unpaid bonus for the fiscal year ended immediately prior to the
fiscal year in which the Date of Termination occurs.  Such aggregate amount shall be payable in a
lump sum (subject to any applicable payroll or other taxes required to be
withheld pursuant to Section 4 hereof) within 30 days following the Date of
Termination.  The amounts payable
pursuant to this Section 2.2 shall reduce, dollar-for-dollar (but not below
zero), any other amount of severance relating to salary or bonus continuation
otherwise payable to the Executive upon termination of employment of the
Executive under any employment agreement or severance plan, policy or
arrangement of the Company, and the Executive shall not be entitled to
post-employment benefits under any such plan, policy or arrangement to the
extent such benefits would be duplicative of, and of equal or lesser value to,
the post-employment benefits provided hereunder.

2.3.      Provided
that the Executive has executed and not revoked the Release, for a period of up
to 6 months commencing on the Date of Termination, the Company shall pay the
Executive’s premiums for continuation coverage pursuant to the Consolidated
Omnibus Budget Reconciliation Act of 1985 (COBRA) under the Company’s group
health plan.

2.4.
     If on the Date of Termination the Executive shall
not be fully vested with respect to any stock options previously granted to the
Executive, provided that the Executive has executed and not revoked the
Release, then notwithstanding the provisions of the option agreements
applicable to such options or the equity plans pursuant to which such options
have been granted, Executive will immediately be vested on the Date of Termination
in that number of additional options that would have vested during the six (6)
months following the Date of Termination if such stock options had become
vested in equal monthly increments over the vesting period. Such options shall
be exercisable for such period following the Date of Termination as is provided
in the plan and/or agreement pursuant to which such options were granted.

3.           No
Payments Upon Nonqualifying Termination of Employment.  If the employment of the Executive shall
terminate by reason of a Nonqualifying Termination, no payments or benefits
shall be provided to the Executive hereunder.

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4.          Withholding
Taxes.  The Company may withhold from
all payments due to the Executive (or his beneficiary or estate) hereunder all
taxes which, by applicable federal, state, local or other law, the Company is
required to withhold therefrom.

5.          General
Release.  On the Date of Termination,
the Executive will execute a General Release in the form attached hereto as
Exhibit A.

6.          Arbitration.

6.1. Any claim or
controversy arising out of or relating to this Agreement or any breach thereof
between the Executive and the Company shall be settled by arbitration before a
single arbitrator in Los Angeles County, California, administered by the
American Arbitration Association (the “AAA”) in accordance with its Commercial
Arbitration Rules then in effect (except to the extent that the AAA determines
that its National Rules for the Resolution of Employment
Disputes  should
govern), and judgment on the award rendered by the arbitrator may be entered in
any court having jurisdiction thereof. 
The single arbitrator shall be selected by the mutual agreement of the
Company and the Executive, unless the parties are unable to agree to an
arbitrator, in which case, the arbitrator will be selected under the procedures
of the AAA.  The arbitrator shall have
the authority to award any remedy or relief that a court of competent
jurisdiction could order or grant, including, without limitation, the issuance
of an injunction.  However, either party
may, without inconsistency with this arbitration provision, apply to any court
having jurisdiction over such dispute or controversy and seek interim
provisional, injunctive or other equitable relief until the arbitration award
is rendered or the controversy is otherwise resolved.  Except as necessary in court proceedings to
enforce this arbitration provision or an award rendered hereunder, or to obtain
interim relief, neither a party nor an arbitrator may disclose the existence,
content or results of any arbitration hereunder without the prior written
consent of the Company and the Executive. 
The Company and the Executive acknowledge that this Agreement evidences a
transaction involving interstate commerce. 
Notwithstanding any choice of law provision included in this Agreement,
the United States Federal Arbitration Act shall govern the interpretation and
enforcement of this arbitration provision.

6.2. Should the Executive or
the Company institute any legal action or administrative proceeding with
respect to any claim waived by this Agreement or pursue any dispute or matter
covered by this paragraph by any method other than said arbitration, the
responding party shall be entitled to recover from the other party all damages,
costs, expenses and attorneys’ fees incurred as a result of such action.  This arbitration provision does not prohibit
a party from seeking and obtaining injunctive relief from a court of competent
jurisdiction pending the outcome of arbitration. A party bringing an action for
injunctive relief shall not be deemed to have waived its right to demand
arbitration of all disputes.

7.           Company
Property.  The Executive agrees that
he has had access to trade secrets and other proprietary and confidential
information pertaining to the Company. 
The Executive agrees that he will not, without prior written consent of
the Company, communicate or disclose any such information to any person,
employer, or other entity at any time in the future, whether or not developed
by the Executive.  (Confidential and
proprietary information includes, but is not limited to, information concerning
the Company’s sales, sales volume, sales methods, sales proposals, customers
and prospective customers, identity of customers and prospective 

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customers,
amount or kind of customer’s purchases from the Company, the Company’s manuals,
formulae, processes, methods, compositions, ideas, game designs, inventions, or
other confidential or proprietary information belonging to the Company or
relating to the Company’s affairs.)  The
Executive also agrees that he will return to the Company by no later than     
days after the Date of Termination, all designs, lists, books, files, reports,
documents, agreements, correspondence, computer databases and files, records,
supplies, computers, telephones, identification cards, parking cards, keys and
other property or materials used, prepared or received by him or made available
to him by the Company, in connection with his employment and in his possession
or control.

8.           No
Lawsuits.

8.1.      The
Executive promises never to file a lawsuit, administrative complaint, or charge
of any kind with any court, governmental or administrative agency or arbitrator
against the Company or its officers, directors, agents or employees, asserting
any claims that are released in the General Release.

8.2.      The
Executive represents and agrees that, prior to signing this Agreement, he has
not filed or pursued any complaints, charges or lawsuits of any kind with any
court, governmental or administrative agency or arbitrator against the Company
or its officers, directors, agents or employees, asserting any claims that are
released in the General Release.

9.          Confidentiality
of this Agreement.

9.1.      The
Executive agrees to keep the fact, terms and amount of this Agreement
completely confidential, and not to disclose such information to anyone other
than his spouse, attorneys and licensed tax and/or professional investment
advisor, if any (hereafter referred to as “ the Executive’s Confidants”), all
of whom shall be informed of and be bound by this confidentiality
provision.  Neither the Executive nor the
Executive’s Confidants shall disclose the fact, amount or terms of this
Agreement to anyone including, but not limited to, any representative of any
print, radio or television media, to any past, present or prospective employee
of or applicant for employment with the Company, to any counsel for any current
or former employee of the Company, to any other counsel or third party, or to
the public at large.

9.2.      The
Executive understands and agrees that any disclosure of information in
violation of this confidentiality provision by the Executive or by any of the
Executive’s Confidants would cause the Company injury and damage.  Any alleged violation of this confidentiality
provision shall be resolved in accordance with the arbitration provisions
herein.  If any proceeding is brought
concerning an alleged violation of this confidentiality provision, the
prevailing party shall recover from the losing party all reasonable attorneys’
fees and costs incurred in connection with such proceeding.  The Company shall have the burden of proving
such violation by a preponderance of the evidence.  The parties understand and agree that only
the Company would be damaged by a violation of this confidentiality provision
and for that reason the arbitrator shall have no authority to award any
damages, but only attorneys’ fees and costs, against the Company if it does not
prevail.

10.         Goodwill and Reputation of the Company.  The
Executive agrees that he will refrain from taking actions or making statements,
written or oral, which disparage or defame the goodwill 

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or
reputation of the Company, and/or its directors, officers, executives and
employees or which could adversely affect the morale of other employees of the
Company.

11.         Cooperation
In Any Litigation Involving the Company. 
The Executive understands that he may subsequently be asked to
participate in an investigation, inquiry, or litigation concerning the
Company.  The Executive agrees to
participate in such action and agrees to provide truthful and accurate
testimony, documents, records and any other information requested.  In addition, the Executive agrees to meet
with attorneys or representatives of the Company, upon reasonable notice, in
connection with any such action, including without limitation any internal
investigation or inquiry.

12.         Tender of Severance Payment as a Condition to
Challenge of this Agreement.

Should the Executive
attempt to challenge the enforceability of this Agreement, as a further
limitation on any right to make such a challenge, the Executive shall initially
submit to the Company the total proceeds provided to him in connection with
this Agreement plus interest at the standard statutory rate, and invite the
Company to retain such monies and agree with the Executive to cancel this
Agreement.  In the event the Company
accepts this offer, the Company shall retain such monies and this Agreement
shall be canceled.  In the event the
Company does not accept such offer, the Company shall so notify the Executive
and shall place such monies into an interest-bearing escrow account pending
resolution of the dispute between the Executive and the Company as to whether
this Agreement shall be set aside and/or otherwise rendered unenforceable.

13.          Consultation With Counsel; Reasonable Time to
Consider Agreement; Voluntary Participation in this Agreement.  The Executive represents and agrees that he
has been advised of the opportunity to review this Agreement with an attorney,
that he has had the opportunity to thoroughly discuss all aspects of his rights
and this Agreement with an attorney to the extent The Executive elected to do so, that he has
carefully read and fully understands all of the provisions of this Agreement,
that he has been given a reasonable period of time to consider signing this
Agreement, and that he is voluntarily entering into this Agreement.

14.         Term of
Agreement.  This Agreement shall be
effective on the date hereof and shall continue until terminated by the Company
as provided in this Section 14; provided,
however, that this Agreement shall terminate in any event upon the
first to occur of (i) termination of the Executive’s employment with the
Company (unless such termination is a Qualifying Termination) and (ii) the
termination of this Agreement by the Board on such date as is fixed by the
Board for such termination, which date shall be at least
[      ] days after notice thereof is given by
the Company to the Executive in accordance with Section 16 hereof.

15.          Scope of
Agreement.  Nothing in this Agreement
shall be deemed to entitle the Executive to continued employment with the
Company or its subsidiaries, and if the Executive’s employment with the Company
shall terminate other than by reason of a Qualifying Termination, the Executive
shall have no further rights under this Agreement.

16.         Successors;
Binding Agreement.

16.1.     Prior
to its termination pursuant to Section 13 hereof, this Agreement shall be
binding on the Company and its successors.

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16.2.     This
Agreement shall inure to the benefit of and be enforceable by the Executive’s
personal or legal representatives, executors, administrators, successors,
heirs, distributees, devisees and legatees. 
If the Executive shall die while any amounts would be payable to the
Executive hereunder had the Executive continued to live, then, unless otherwise
provided herein, all such amounts, shall be paid in accordance with the terms
of this Agreement to such Persons appointed in writing by the Executive to
receive such amounts or, if no Person is so appointed, to the Executive’s
estate.

17.         Notices.  For purposes of this Agreement, all notices
and other communications required or permitted hereunder shall be in writing
and shall be deemed to have been duly given when delivered or five days after
deposit in the United States mail, certified and return receipt requested,
postage prepaid, addressed (i) if to the Executive, to the residence address of
the Executive maintained from time to time by the Company; and if to the
Company, to its chief executive office, attention Chief Executive Officer, with
a copy to the Secretary of the Company; (ii) to such other address as either
party may have furnished to the other in writing in accordance herewith, except
that notices of change of address shall be effective only upon receipt.

18.        Employment with
Subsidiaries.  Employment with the
Company for purposes of this Agreement shall include employment with any
corporation or other entity in which the Company has a direct or indirect
ownership interest of 50% or more of the total combined voting power of the
then outstanding securities of such corporation or other entity entitled to
vote generally in the election of directors.

19.        Governing Law;
Validity.  The interpretation,
construction and performance of this Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of
Delaware without regard to the principle of conflicts of laws.  The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, which other provisions shall remain in
full force and effect.

20.        Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original and all of which
together shall constitute one and the same instrument.

21.        Miscellaneous.  No provision of this Agreement may be
modified or waived unless such modification or waiver is agreed to in writing
and signed by the Executive and by a duly authorized officer of the Company.  No waiver by either party hereto at any time
of any breach by the other party hereto of, or compliance with, any condition
or provision of this Agreement to be performed by such other party shall be
deemed a waiver of similar or dissimilar provisions or conditions at the same
or at any prior or subsequent time. 
Failure by the Executive or the Company to insist upon strict compliance
with any provision of this Agreement or to assert any right the Executive or
the Company may have hereunder shall not be deemed to be a waiver of such
provision or right or any other provision or right of this Agreement.  The rights of, and benefits payable to, the
Executive, his estate or his beneficiaries pursuant to this Agreement are in
addition to any rights of, or benefits payable to, the Executive, his estate or
his beneficiaries under any other employee benefit plan or compensation program
of the Company.

22.
       Delay of Payments.  In the event that any payment or distribution
to be made to the Executive hereunder is determined to constitute “deferred
compensation” subject to Section 409A of the Code, and the Executive is
determined to be a “specified employee” (as defined in Section 409A of 

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the
Code), such payment or distribution shall not be made before the date which is
six months after the termination of the Executive’s employment (or, if earlier,
the date of the Executive’s death).

23.          Entire
Agreement.  This Agreement represents
the complete understanding of the parties and supersedes any and all agreements,
understandings and discussions, whether written or oral, between the Executive
and the Company or any of its affiliated companies with respect to the subject
matter hereof.

IN WITNESS WHEREOF, the Company and the Executive have executed this
Agreement as of the day and year first above written.

	
   

  	
  THQ INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EXECUTIVE:

  
	
   

  	
   

  

 

 

 7Exhibit
10.4

CHANGE IN CONTROL SEVERANCE AGREEMENT

THIS CHANGE IN CONTROL SEVERANCE
AGREEMENT (this “Agreement”)
is entered into as of the     day of     
200  , by and between THQ INC., a Delaware corporation (the “Company”),
and     , (the “Executive”).

W I T N E S S E T H

WHEREAS, the Executive currently serves as a key employee of the
Company and the Executive’s services and knowledge are valuable to the Company
in connection with the management of one or more of the Company’s principal
operating functions, departments, divisions or subsidiaries; and

WHEREAS, the Board has determined that it is in the best interests of
the Company and its stockholders to encourage the Executive’s continued
services and to ensure the Executive’s continued dedication and objectivity in
the event of any threat or occurrence of, or negotiation or other action that
could lead to, or create the possibility of, a Change in Control of the
Company, without concern as to whether the Executive might be hindered or
distracted by personal uncertainties and risks created by any such possible
Change in Control; and

WHEREAS, to encourage the Executive’s full attention and dedication to
the Company, the Board has authorized the Company to enter into this Agreement.

NOW, THEREFORE, the Company and the Executive hereby agree as follows:

1.        Definitions.

1.1.    “Board” means the Board of Directors of
the Company.

1.2.    “Cause” means (i) a material breach by
the Executive of those duties and responsibilities of the Executive which do not
differ in any material respect from the duties and responsibilities of the
Executive during the 90-day period immediately prior to a Change in Control
(other than as a result of incapacity due to physical or mental illness), which
breach is committed in bad faith or without reasonable belief that such breach
is in the best interests of the Company and is not remedied within 15 days
after receipt of written notice specifying such breach, or (ii) the conviction
of the Executive of, or plea of guilty, no contest or nolo contendere to, any felony (unless
arising as a result of vicarious liability or a traffic violation).

In
the event of a termination before, but in connection with, a Change in Control,
the date immediately prior to the Date of Termination shall be substituted for
the reference to a Change in Control in this definition of Cause.

1.3.    “Change in Control” means the occurrence
of any one of the following events:

(i)        During
any twenty-four (24) month period, individuals who, as of the beginning of such
period, constitute the Board (the “Incumbent Directors”) cease for any reason
to constitute at least a majority of the Board, provided that any person
becoming a director subsequent to the beginning of such period whose election
or nomination for election was 

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approved by a vote of at
least a majority of the Incumbent Directors then on the Board (either by a
specific vote or by approval of the proxy statement of the Company in which
such person is named as a nominee for director, without written objection to
such nomination) shall be an Incumbent Director; provided, however,
that no individual initially elected or nominated as a director of the Company
as a result of an actual or threatened election contest with respect to
directors or as a result of any other actual or threatened solicitation of
proxies by or on behalf of any person other than the Board shall be deemed to
be an Incumbent Director;

(ii)        Any
“person” (as such term is defined in the Exchange Act and as used in Sections
13(d)(3) and 14(d)(2) of the Exchange Act) is or becomes a “beneficial owner”
(as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
securities of the Company representing 50% or more of the combined voting power
of the Company’s then outstanding securities eligible to vote for the election
of the Board (the “Company Voting Securities”); provided, however,
that the event described in this paragraph (ii) shall not be deemed to be a
Change in Control by virtue of any of the following acquisitions:  (A) by the Company or any subsidiary, (B) by
any employee benefit plan (or related trust) sponsored or maintained by the
Company or any subsidiary, (C) by any underwriter temporarily holding
securities pursuant to an offering of such securities, (D) pursuant to a
Non-Qualifying Transaction, as defined in paragraph (iii), or (E) by any person
of Voting Securities from the Company, if a majority of the Incumbent Board
approves in advance the acquisition of beneficial ownership of 50% or more of Company
Voting Securities by such person;

(iii)       The
consummation of a merger, consolidation, statutory share exchange or similar
form of corporate transaction involving the Company or any of its subsidiaries
that requires the approval of the Company’s stockholders, whether for such
transaction or the issuance of securities in the transaction (a “Business Combination”), unless immediately following
such Business Combination:  (A) more than
60% of the total voting power of (x) the corporation resulting from such
Business Combination (the “Surviving Corporation”), or (y) if
applicable, the ultimate parent corporation that directly or indirectly has
beneficial ownership of 100% of the voting securities eligible to elect
directors of the Surviving Corporation (the “Parent Corporation”), is
represented by Company Voting Securities that were outstanding immediately
prior to such Business Combination (or, if applicable, is represented by shares
into which such Company Voting Securities were converted pursuant to such
Business Combination), and such voting power among the holders thereof is in
substantially the same proportion as the voting power of such Company Voting
Securities among the holders thereof immediately prior to the Business
Combination, (B) no person (other than any employee benefit plan (or related
trust) sponsored or maintained by the Surviving Corporation or the Parent
Corporation), is or becomes the beneficial owner, directly or indirectly, of
50% or more of the total voting power of the outstanding voting securities
eligible to elect directors of the Parent Corporation (or, if there is no
Parent Corporation, the Surviving Corporation) and (C) at least a majority of
the members of the board of directors of the Parent Corporation (or, if there
is no Parent Corporation, the Surviving Corporation) following the consummation
of the Business Combination were Incumbent Directors at the time of the Board’s
approval of the execution of the initial agreement providing for such Business
Combination (any Business Combination which satisfies all of the criteria
specified in (A), (B) and (C) above shall be deemed to be a “Non-Qualifying Transaction”);

 

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(iv)        The
stockholders of the Company approve a plan of complete liquidation or
dissolution of the Company or the consummation of a sale of all or
substantially all of the Company’s assets; or

(v)         The
occurrence of any other event that the Board determines by a duly approved
resolution constitutes a Change in Control.

Notwithstanding
the foregoing, a Change in Control shall not be deemed to occur solely because
any person acquires beneficial ownership of more than 50% of the Company Voting
Securities as a result of the acquisition of Company Voting Securities by the
Company which reduces the number of Company Voting Securities outstanding; provided,
that if after such acquisition by the Company such person becomes the
beneficial owner of additional Company Voting Securities that increases the
percentage of outstanding Company Voting Securities beneficially owned by such
person, a Change in Control of the Company shall then occur.

1.4.         “Code”
means the Internal Revenue Code of 1986, as amended.

1.5.         “Date of
Termination” means (i) the effective date on which the Executive’s
employment by the Company terminates as specified in a prior written notice by
the Company or the Executive, as the case may be, to the other, or (ii) if the
Executive’s employment by the Company terminates by reason of death, the date
of death of the Executive.  Notwithstanding
the foregoing, (x) in the event that the Executive’s employment is terminated
before, but in connection with, a Change in Control, the date fifteen days
after the date of a written notice of the Executive’s employment termination
(or, if earlier or such notice is not provided, the actual date of termination)
shall be the Executive’s “Date of Termination,” and (y) in the event that a
notice described in clause (i) of the preceding sentence is provided by the
Company to the Executive during the Termination Period, at all events the
Executive’s Date of Termination shall be treated as if it occurred during the
Termination Period.

1.6.          “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

1.7.          “Good
Reason” means, unless the Executive expressly consents in writing, the
occurrence of any of the following events after a Change in Control:

1.7.1.     the Company’s involuntary termination of
the Executive’s employment other than in compliance with the requirements of
this Agreement;

1.7.2.     a reduction by the Company in the
Executive’s rate of annual base salary as in effect immediately prior to such
Change in Control or as the same may be increased from time to time thereafter,
or the Company’s failure to pay such salary, which reduction or failure is not
cured within 15 days after notice by the Executive to the Company thereof;

1.7.3.     any requirement by the Company that the
Executive’s primary work location be relocated more than 25 miles from his
primary work location and principal place of residence, both as in effect at
the time of the Change in Control.

1.7.4.     the failure of the Company, after a
Change in Control, to:

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 1.7.4.1.     provide the
Executive with employee benefit plans, compensation plans, paid vacation,
expense reimbursement and other fringe benefits, on terms  that are in all material respects no less
favorable, in the aggregate, than those provided under plans, practices,
programs and policies of the Company as in effect immediately prior to the Change
in Control; or

 1.7.4.2.     provide the
Executive and the Executive’s dependents with welfare benefits (including,
without limitation, medical, prescription, dental, disability, salary
continuance, employee life, group life, accidental death and travel accident
insurance plans and programs), that are in all material respects no less
favorable, in the aggregate, than those provided under the plans, practices,
programs and policies of the Company as in effect immediately prior to the
Change in Control.

 1.7.5.     the failure of
the Company to obtain the assumption agreement as contemplated by Section 10.2
of the Agreement.

 1.7.6.     a material
diminution of the Executive’s duties, authorities or reporting
responsibilities.

In
the event of a termination before, but in connection with, a Change in Control,
the date immediately prior to the Date of Termination shall be substituted for
references to a Change in Control (other than as pertains to Section 1.7.4) in
this definition of Good Reason.

 1.8.     “Incumbent
Board” means (i) the individuals who, as of the date hereof, constitute the
Board, and (ii) any individual who becomes a director of the Company subsequent
to the date hereof whose election, or nomination for election by the Company’s
stockholders, is approved by the vote of at least a majority of the directors
then comprising the Incumbent Board;
provided, however, that no individual who was initially elected as a
director of the Company as a result of an actual or threatened election
contest, as such terms are used in Rule 14a-11 of Regulation 14A promulgated
under the Exchange Act, or any other actual or threatened solicitation of
proxies or consents by or on behalf of any Person other than the Board, shall
be deemed to be a member of the Incumbent Board

 1.9.     “Nonqualifying
Termination” means a termination of the Executive’s employment (i) by the
Company for Cause, (ii) by the Executive for any reason other than a Good
Reason, (iii) as a result of the Executive’s death, or (iv) by the Company due
to the Executive’s absence from his duties with the Company on a full-time
basis for at least 180 days in any 365-day period as a result of the Executive’s
incapacity due to physical or mental illness.

 1.10.     “Outstanding
Company Common Stock” means, as of any time, the shares of common stock of
the Company outstanding as of that time.

 11.     “Outstanding
Company Voting Securities” means, as of any time, the securities of the
Company entitled to vote generally in the election of directors outstanding as
of that time.

 1.12.    “Payment Trigger
Date” generally means the Date of Termination; provided, however, that in the event of a termination of the
Executive’s employment before, but in connection with, a Change in Control, it
means the date of the Change in Control.

 4
 

 

 1.13.     “Plan”
means the Company’s 401(k) Plan or any successor plan.

 1.14.     “Person”
means any individual, entity or group, and includes any “person” within the
meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act.

 1.15.     “Qualifying
Termination” means any employment termination other than a Nonqualifying
Termination.

 1.16.     “Termination
Period” means the period of time beginning with a Change in Control, and
ending on the earlier to occur of (i) two years following such Change in
Control, and (ii) the Executive’s death; provided,
however, that any termination of the Executive’s employment by the
Company before, but in connection with, a Change in Control shall be deemed to
have occurred during the Termination Period.

2.     Payments Upon Termination of Employment.

2.1.  Qualifying Termination During Termination Period.  If during the Termination Period the
employment of the Executive shall terminate by reason of a Qualifying
Termination, the Executive (or the Executive’s beneficiary or estate), shall be
entitled to receive the following payments and benefits:

2.1.1.     The
Company shall pay, within 30 days following the Payment Trigger Date, a cash
amount equal to the sum of (i) the Executive’s annual base salary from the
Company and its affiliated companies through the Date of Termination, to the
extent not theretofore paid, (ii) any compensation previously deferred by the
Executive (together with any interest and earnings thereon) and (iii) any
accrued vacation pay, in each case to the extent not theretofore paid; plus

2.1.2.     The
Company shall pay a cash amount equal to (i) one and one-half times the
Executive’s annual base salary from the Company and its affiliated companies in
effect at the time of the Date of Termination; 
(ii) one times the Executive’s target annual bonus then in effect; (iii)
the product of the amount described in clause (ii) and a fraction, the
numerator of which is the number of days in the current fiscal year through the
Date of Termination and the denominator of which is 365; and (iv) any accrued
but unpaid bonus for the fiscal year ended immediately prior to the fiscal year
in which the Date of Termination occurs. 
Such aggregate amount shall be payable in a lump sum (subject to any applicable
payroll or other taxes required to be withheld pursuant to Section 4 hereof)
within 30 days following the Payment Trigger Date.  The amounts payable pursuant to this Section
2.1.2 shall reduce, dollar-for-dollar (but not below zero), any other amount of
severance relating to salary or bonus continuation otherwise payable to the
Executive upon termination of employment of the Executive under any employment
agreement or severance plan, policy or arrangement of the Company, and the
Executive shall not be entitled to post-employment benefits under any such
plan, policy or arrangement to the extent such benefits would be duplicative
of, and of equal or lesser value to, the post-employment benefits provided
hereunder.  In the event of a termination
before, but in connection with, a Change in Control, the Executive shall
receive whatever amounts and benefits would be provided to him by the Company
in the absence of a Change in Control under the terms of any other agreement or
program, with such amounts offsetting the amounts or benefits otherwise due
hereunder (including under this Section 2) following the occurrence of the
Change in Control.  As 

 5
 

 

 used in this Agreement, a termination shall be
treated as occurring “before, but in connection with, a Change in Control”
(or words of like import) if it is reasonably demonstrated by the Executive
that such termination (x) is without Cause or for Good Reason and (y) was at
the request of a third party who was taking steps reasonably calculated to
effect a Change in Control or otherwise arose in connection with or in
anticipation of a Change in Control (which shall in all events be deemed
demonstrated if such termination is within 90 days before the Change in
Control).  In no event shall the
Executive be treated as having been terminated before, but in connection with,
a Change in Control if no Change in Control occurs.

2.1.3.     If
on the Date of Termination the Executive shall not be fully vested in the
employer contributions made on his behalf under the Plan, the Company shall pay
to the Executive, outside of the Plan and within 30 days following the Payment
Trigger Date, a lump sum cash amount equal to the value of the unvested portion
of such employer contributions (and the Executive shall forfeit any such unvested
employer contributions); provided, however,
that if any payment pursuant to this Section 2.1.3 may or would result in such
payment being deemed a transaction which is subject to Section 16(b) of the
Securities Exchange Act, the Company shall make such payment so as to meet the
conditions for an exemption from such Section 16(b) as set forth in the rules
(and interpretive and no-action letters relating thereto) under Section
16.  The value of any such unvested employer
contributions shall be determined as of the Date of Termination; provided that
if the common stock of the Company is traded on NASDAQ or any stock exchange on
the Date of Termination, the value of a share of common stock of the Company
shall be the closing price on NASDAQ or such stock exchange on the Date of
Termination or, if such date is not a trading day, on the immediately preceding
trading day.

2.1.4.     For
a period of 12 months commencing on the Payment Trigger Date, the Company shall
provide medical, accident, disability and life insurance coverage that is no
less favorable, in the aggregate, with respect to the Executive and his
dependents (taking into consideration levels and terms of such coverage) than
the medical, accident, disability and life insurance coverage in effect immediately
prior to the Payment Trigger Date or, if more favorable to the Executive, as
provided generally with respect to other peer executives of the Company and its
affiliated companies, and the Company and the Executive shall share the costs
of the continuation of such insurance coverage in the same proportion as such
costs were shared immediately prior to the Payment Trigger Date.

2.1.5.     If
on the Date of Termination the Executive shall not be fully vested with respect
to any stock options and shares of restricted stock previously granted to the
Executive, on the Date of Termination all such stock options and shares of
restricted stock shall become immediately vested and exercisable
(notwithstanding any provision of the Company’s applicable equity plans to the
contrary).  Such options shall be
exercisable for such period following the Date of Termination as is provided in
the plan and/or agreement pursuant to which such options or shares of
restricted stock were granted.  In the
event of a termination of the Executive’s employment before, but in connection
with, a Change in Control, the Executive shall not forfeit or further vest in
any unvested options or shares of restricted stock between his Date of
Termination and the Change in Control but all such awards shall vest in full
upon the Change in Control.

2.2.     Nonqualifying Termination During
Termination Period.  If during the
Termination Period the employment of the Executive shall terminate by reason of
a Nonqualifying 

 6
 

 

Termination,
then the Company shall pay to the Executive within 30 days following the Date
of Termination, a cash amount equal to the sum of (i) the Executive’s annual
base salary from the Company and its affiliated companies through the Date of
Termination, to the extent not theretofore paid, (ii) any compensation
previously deferred by the Executive (together with any interest and earnings
thereon) and any (iii) accrued vacation pay, in each case to the extent not
theretofore paid.

3.        Certain
Additional Payments by the Company.

3.1.     If
the Executive is entitled to receive payments and benefits under Section 2
hereof, anything in this Agreement to the contrary notwithstanding, in the
event it shall be determined that any payment or distribution by the Company or
its affiliated companies to or for the benefit of the Executive (whether paid
or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise, but determined without regard to any additional
payments required under this Section 3) (a “Payment”) would be subject to the
excise tax imposed by Section 4999 of the Code, or any interest or penalties
are incurred by the Executive with respect to such excise tax (such excise tax,
together with any such interest and penalties, are hereinafter collectively
referred to as the “Excise Tax”), then the Executive shall be entitled to
receive an additional payment (a “Gross-Up Payment”) in an amount such that
after payment by the Executive of all taxes (including any interest or
penalties imposed with respect to such taxes), including, without limitation,
any income taxes (and any interest and penalties imposed with respect thereto)
and Excise Tax imposed upon the Gross-Up Payment, the Executive retains an
amount of the Gross-Up Payment equal to the Excise Tax imposed upon the
Payments; provided, however, that no Gross-Up Payment shall be paid to the
Executive if the amount of the aggregate “parachute payments” (as defined in
Section 280G(b)(2) of the Code) payable to the Executive is not greater than 110%
of the maximum amount that may be paid or distributed to or for the benefit of
the Executive without resulting in the imposition of the Excise Tax.

3.2.     Subject
to the provisions of Section 3.3, all determinations required to be made under
this Section 3, including whether and when a Gross-Up Payment is required and
the amount of such Gross-Up Payment and the assumptions to be utilized in
arriving at such determination, shall be made by the Company’s public
accounting firm (the “Accounting Firm”) which shall provide detailed supporting
calculations both to the Company and the Executive within 15 business days of
the receipt of notice from the Executive that there has been a Payment, or such
earlier time as is requested by the Company. 
In the event that the Accounting Firm is serving as accountant or
auditor for the individual, entity or group effecting the Change in Control,
the Company shall appoint another nationally recognized public accounting firm
to make the determinations required hereunder (which accounting firm shall then
be referred to as the Accounting Firm hereunder).  All fees and expenses of the Accounting Firm
shall be borne solely by the Company. 
Any Gross-Up Payment, as determined pursuant to this Section 3, shall be
paid by the Company to the Executive within five days of the receipt of the
Accounting Firm’s determination.  Any
determination by the Accounting Firm shall be binding upon the Company and the
Executive.  As a result of the
uncertainty in the application of Section 4999 of the Code at the time of the
initial determination by the Accounting Firm hereunder, it is possible that
Gross-Up Payments which will not have been made by the Company should have been
made (“Underpayment”), consistent with the calculations required to be made
hereunder.  In the event that the Company
exhausts its remedies pursuant to Section 3.3 and the Executive thereafter is
required to make a payment of any Excise Tax, the Accounting Firm shall
determine the amount of the Underpayment that has occurred and any such
Underpayment shall be promptly paid by the Company to or for the benefit of the
Executive.

3.3.     The
Executive shall notify the Company in writing of any claim by the Internal 

 7
 

 

Revenue
Service that, if successful, would require the payment by the Company of the
Gross-Up Payment.  Such notification
shall be given as soon as practicable but no later than 10 business days after
the Executive is informed in writing of such claim and shall apprise the Company
of the nature of such claim and the date on which such claim is requested to be
paid.  The Executive shall not pay such
claim prior to the expiration of the 30-day period following the date on which
the Executive gives such notice to the Company (or such shorter period ending
on the date that any payment of taxes with respect to such claim is due).  If the Company notifies the Executive in
writing prior to the expiration of such period that it desires to contest such
claim, the Executive shall:

(1)     give
the Company any information reasonably requested by the Company relating to
such claim;

(2)     take
such action in connection with contesting such claim as the Company shall
reasonably request in writing from time to time, including, without limitation,
accepting legal representation with respect to such claim by an attorney
reasonably selected by the Company;

(3)     cooperate
with the Company in good faith in order effectively to contest such claim; and

(4)     permit
the Company to participate in any proceedings relating to such claim;

provided, however, that the Company shall bear
and pay directly all costs and expenses (including additional interest and
penalties) incurred in connection with such contest and shall indemnify and
hold the Executive harmless, on an after-tax basis, for any Excise Tax or
income tax (including interest and penalties with respect thereto) imposed as a
result of such representation and payment of costs and expenses.  Without limitation on the foregoing
provisions of this Section 3.3, the Company shall control all proceedings taken
in connection with such contest and, at its sole option, may pursue or forgo
any and all administrative appeals, proceedings, hearings and conferences with
the taxing authority in respect of such claim and may, at its sole option, either
direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner,
and the Executive agrees to prosecute such contest to a determination before
any administrative tribunal, in a court of initial jurisdiction and in one or
more appellate courts, as the Company shall determine; provided  further,
that if the Company directs the Executive to pay such claim and sue for a
refund, the Company shall advance the amount of such payment to the Executive
on an interest-free basis and shall indemnify and hold the Executive harmless,
on an after-tax basis, from any Excise Tax or income tax (including interest or
penalties with respect thereto) imposed with respect to such advance or with
respect to any imputed income with respect to such advance; and provided
further, that any extension of the statute of limitations relating to
payment of taxes for the taxable year of the Executive with respect to which
such contested amount is claimed to be due is limited solely to such contested
amount.  Furthermore, the Company’s
control of the contest shall be limited to issues with respect to which a
Gross-Up Payment would be payable hereunder and the Executive shall be entitled
to settle or contest, as the case may be, any other issue raised by the
Internal Revenue Service or any other taxing authority.

3.4.     If, after the receipt by the Executive of an
amount advanced by the Company pursuant to Section 3.3, the Executive becomes
entitled to receive, and receives, any refund with respect to such claim, the
Executive shall (subject to the Company’s complying with the requirements of
Section 

 8
 

 

3.3)
promptly pay to the Company the amount of such refund (together with any
interest paid or credited thereon after taxes applicable thereto).  If, after the receipt by the Executive of an
amount advanced by the Company pursuant to Section 3.3, a determination is made
that the Executive shall not be entitled to any refund with respect to such
claim and the Company does not notify the Executive in writing of its intent to
contest such denial of refund prior to the expiration of 30 days after such
determination, then such advance shall be forgiven and shall not be required to
be repaid and the amount of such advance shall offset, to the extent thereof,
the amount of Gross-Up Payment required to be paid.

4.     Withholding Taxes.  The Company may withhold from all payments
due to the Executive (or his beneficiary or estate) hereunder all taxes which,
by applicable federal, state, local or other law, the Company is required to
withhold therefrom.

5.     Reimbursement of Expenses.  If any contest or dispute shall arise under
this Agreement involving termination of the Executive’s employment with the
Company or involving the failure or refusal of the Company to perform fully in
accordance with the terms hereof, the Company shall reimburse the Executive, on
a current basis, for all legal fees and expenses, if any, reasonably incurred
by the Executive in connection with such contest or dispute, together with
interest in an amount equal to the prime or reference rate of the Company’s
principal bank from time to time in effect, but in no event higher than the
maximum legal rate permissible under applicable law, such interest to accrue
from the date 20 days after the Company receives the Executive’s statement for
such fees and expenses through the date of payment thereof; provided, however, that in the event the
resolution of any such contest or dispute includes a finding that the Executive’s
claims in such contest or dispute were frivolous or brought by the Executive
not in good faith, (i) the Company shall be entitled to deduct and withhold
from any funds payable by the Company to the Executive the amount advanced or
otherwise paid to the Executive pursuant to this Section 5, and (ii) to the
extent not reimbursed to the Company in such manner, the Executive shall be
required to reimburse the Company, not later than in twelve equal monthly
installments commencing 30 days after such resolution, such amount.

6.     Directors and Officers
Insurance/Indemnification.  If during
the Termination Period the employment of the Executive shall terminate by
reason of a Qualifying Termination, the Executive will continue to be covered
under the Company’s directors and officers insurance policy for any period
during which the Executive served as an officer or director of the Company or
any subsidiary or affiliate of the Company. 
In addition, the Executive shall be indemnified by the Company against
liability as an officer or director of the Company or any subsidiary or
affiliate of the Company to the maximum extent permitted by applicable
law.  The Executive’s rights under this
Section 6 shall continue so long as he may be subject to such liability,
whether or not this Agreement may have terminated prior thereto.

7.     Operative Event.  Notwithstanding any provision herein to the
contrary, no amounts shall be payable or benefits provided hereunder unless and
until (i) there is a Change in Control at a time when the Executive is employed
by the Company or (ii) the Executive is terminated by the Company before, but
in connection with, a Change in Control.

8.     Termination of Agreement.

8.1.  This Agreement shall be effective on the date hereof and
shall continue until terminated by the Company as provided in Section 8.2
hereof; provided, however, that
this Agreement shall terminate in any event upon the termination of the
Executive’s employment with the Company prior 

 9
 

 

to
a Change in Control (unless such termination prior to a Change in Control is in
connection with a Change in Control).

8.2.     The Company shall have the right, prior to
a Change in Control, in its sole discretion, pursuant to action by the Board,
to approve and cause the termination of this Agreement on such date as is fixed
by the Board for such termination, which date shall be at least one year after
notice thereof is given by the Company to the Executive in accordance with
Section 11 hereof; provided, however,
that no such action shall be taken by the Board during any period of time when
the Board has knowledge that any Person has taken steps reasonably calculated
to effect a Change in Control until, in the opinion of the Board, such Person
has abandoned or terminated its efforts to effect a Change in Control; and provided further, that in no event shall
this Agreement be terminated in the event of a Change in Control.

9.        Scope of Agreement.  Nothing in this Agreement shall be deemed to
entitle the Executive to continued employment with the Company or its subsidiaries,
and if the Executive’s employment with the Company shall terminate prior to a
Change in Control, the Executive shall have no further rights under this
Agreement; provided, however,
that any termination of the Executive’s employment following a Change in
Control or before, but in connection with, a Change in Control shall be subject
to all of the provisions of this Agreement.

10.      Successors; Binding Agreement.

10.1.   This Agreement shall not be terminated by any
Business Combination involving the Company irrespective of whether the Company
is or is not the surviving or resulting corporation or as a result of any
transfer of all or substantially all of the assets of the Company.  In the event of any such Business Combination
or transfer of assets, the provisions of this Agreement shall be binding upon
the surviving or resulting corporation or the Person to which such assets are
transferred.

10.2.   The Company agrees that concurrently with any
Business Combination or transfer of assets referred to in Section 10.1 in which
either the Company is not the surviving Person or the surviving Person or
successor or transferee is not deemed to assume this Agreement by operation of
law, the Company will cause the surviving Person, successor or transferee
unconditionally to assume, by written instrument delivered to the Executive (or
his beneficiary or estate), all of the obligations of the Company
hereunder.  Failure of the Company to
obtain such assumption prior to the effectiveness of any such Business
Combination or transfer of assets shall be a breach of this Agreement and shall
entitle the Executive to compensation and other benefits from the Company in
the same amount and on the same terms as the Executive would be entitled
hereunder if the Executive’s employment were terminated following a Change in
Control by reason of a Qualifying Termination. 
For purposes of implementing the immediately preceding sentence, the
date on which any such Business Combination or transfer becomes effective shall
be deemed the Date of Termination.

10.3.   This Agreement shall inure to the benefit of and be
enforceable by the Executive’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees.  If the Executive shall die while any amounts
would be payable to the Executive hereunder had the Executive continued to
live, then, unless otherwise provided herein, all such amounts, shall be paid
in accordance with the terms of this Agreement to such Persons appointed in
writing by the Executive to receive such amounts or, if no Person is so
appointed, to the Executive’s estate.

 10
 

 

11.     Notices.

11.1.  For purposes of this Agreement, all notices and other
communications required or permitted hereunder shall be in writing and shall be
deemed to have been duly given when delivered or five days after deposit in the
United States mail, certified and return receipt requested, postage prepaid,
addressed (i) if to the Executive, to the residence address of the Executive
maintained from time to time by the Company; and if to the Company, to its
chief executive office, attention Chief Executive Officer, with a copy to the
Secretary of the Company; (ii) to such other address as either party may have
furnished to the other in writing in accordance herewith, except that notices
of change of address shall be effective only upon receipt.

11.2.  A written notice of the Executive’s Date of Termination by
the Company or the Executive, as the case may be, to the other, shall (i)
indicate the specific termination provision in this Agreement relied upon, (ii)
to the extent applicable, set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination of the Executive’s
employment under the provision so indicated, and (iii) specify the termination
date (which date shall be not less than 15 days after the giving of such
notice).  The failure by the Executive or
the Company to provide such notice or to set forth in such notice any fact or
circumstance which contributes to a showing of Good Reason or Cause shall not
waive any right of the Executive or the Company hereunder or preclude the
Executive or the Company from asserting such fact or circumstance in enforcing
the Executive’s or the Company’s rights hereunder.

12.      Full Settlement; No Mitigation;
Resolution of Disputes.

12.1.   Subject to Section 5, the Company’s obligation to
make any payments provided for in this Agreement and otherwise to perform its
obligations hereunder shall not be affected by any set-off, counterclaim,
recoupment, defense or other claim, right or action which the Company may have
against the Executive or other Persons. 
In no event shall the Executive be obligated to seek other employment or
take any other action by way of mitigation of the amounts payable to the
Executive under any of the provisions of this Agreement and, such amounts shall
not be reduced whether or not the Executive obtains other employment.

12.2.   If there shall be any dispute between the Company and
the Executive in the event of any termination of the Executive’s employment,
then, unless and until there is a final, nonappealable judgment by a court of
competent jurisdiction declaring that such termination was for Cause, that Good
Reason did not exist, or that the Company is not otherwise obligated to pay any
amount or provide any benefit to the Executive and his dependents or other
beneficiaries, as the case may be, hereunder, the Company shall pay all
amounts, and provide all benefits, to the Executive and his dependents or other
beneficiaries, as the case may be, that the Company would be required to pay or
provide hereunder as though such termination were by the Company without Cause
or by the Executive with Good Reason;
provided, however, that the Company shall not be required to pay any
disputed amounts pursuant to this section except upon receipt of an undertaking
by or on behalf of the Executive to repay all such amounts to which the
Executive is ultimately adjudged by such court not to be entitled.

13.      Employment with Subsidiaries.  Employment with the Company for purposes of
this Agreement shall include employment with any corporation or other entity in
which the Company has a direct or indirect ownership interest of 50% or more of
the total combined voting power of the then 

 11
 

 

outstanding
securities of such corporation or other entity entitled to vote generally in
the election of directors.

14.      Governing Law; Validity.  The interpretation, construction and
performance of this Agreement shall be governed by and construed and enforced
in accordance with the internal laws of the State of Delaware without regard to
the principle of conflicts of laws.  The
invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement,
which other provisions shall remain in full force and effect.

15.      Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original and all of which
together shall constitute one and the same instrument.

16.      Miscellaneous.  No provision of this Agreement may be
modified or waived unless such modification or waiver is agreed to in writing
and signed by the Executive and by a duly authorized officer of the
Company.  No waiver by either party
hereto at any time of any breach by the other party hereto of, or compliance
with, any condition or provision of this Agreement to be performed by such
other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time.  Failure by the Executive or the Company to
insist upon strict compliance with any provision of this Agreement or to assert
any right the Executive or the Company may have hereunder, including, without
limitation, the right of the Executive to terminate employment for Good Reason,
shall not be deemed to be a waiver of such provision or right or any other
provision or right of this Agreement. 
The rights of, and benefits payable to, the Executive, his estate or his
beneficiaries pursuant to this Agreement are in addition to any rights of, or
benefits payable to, the Executive, his estate or his beneficiaries under any
other employee benefit plan or compensation program of the Company.

17.      Delay of Payments.  In the event that any payment or distribution
to be made to the Executive hereunder is determined to constitute “deferred
compensation” subject to Section 409A of the Code, and the Executive is
determined to be a “specified employee” (as defined in Section 409A of the
Code), such payment or distribution shall not be made before the date which is
six months after the termination of the Executive’s employment (or, if earlier,
the date of the Executive’s death).

18.      Entire Agreement.  This Agreement represents the complete
understanding of the parties and supersedes any and all agreements,
understandings and discussions, whether written or oral, between the Executive
and the Company or any of its affiliated companies with respect to the subject
matter hereof, including, without limitation, the Severance Agreement entered
into as of       ,by and between the Executive
and the Company.

 12
 

 

IN WITNESS WHEREOF, the Company and the Executive have executed this
Agreement as of the day and year first above written.

	
   

  	
  THQ INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE:

  
	
   

  	
   

  
	
   

  	
   

  

 

 13

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