Document:

EX-10.1

 Exhibit 10.1 

INPHI CORPORATION 

July 30, 2013 
 Norman Yeung 

c/o Inphi Corporation 
 2953 Bunker Hill Lane 

Suite 300 
 Santa Clara, CA 95054 

Dear Norm: 
 This letter (the
“Agreement”) confirms the agreement between you and Inphi Corporation (the “Company”) regarding your resignation as an employee and officer of the Company. 

1. Separation Date. You hereby agree to resign as an employee and officer of the Company and any subsidiaries thereof effective
on such date as the Company releases you from employment, which shall be no later than December 31, 2013 (the “Separation Date”). Provided that you continue in satisfactory employment, as determined by the Company, the Company further
agrees to release you no earlier than October 15, 2013. If the Company hires a successor to your position, the Company agrees to release you no later than two weeks after your successor commences employment (but not before October 15,
2013, subject to your satisfactory employment as provided in the preceding sentence). In addition, you agree that if you wish to accept other employment, you will provide the Company at least thirty (30) days prior written notice, and the
Company agrees to release you no later than the end of such notice period. Simultaneously with the execution of this Agreement, you and the Company are entering into the Consulting Agreement, a copy of which is attached as Exhibit A hereto, pursuant
to which you will transition immediately into the role of Consultant and provide advisory services to the Company for a period of twelve (12) months commencing on the Separation Date (the “Consulting Agreement”).  

2. Salary and Vacation Pay. On the Separation Date, the Company will pay you all of your salary earned through the Separation
Date, and all of your accrued but unused vacation time or PTO through the Separation Date. In addition, you will receive reimbursement for reasonable and necessary expenses incurred by you on behalf of the Company during the period ending on the
Separation Date in accordance with the Company’s expense reimbursement policy. You acknowledge that the only payments and benefits that you are entitled to receive from the Company in the future are those specified in this Agreement and the
Consulting Agreement.  

 Norman Yeung 

July 30, 2013 
 Page 2 

 

 3. Severance. Subject to your execution and non-revocation of a standard
release of claims in a form acceptable to the Company (the “Release”), which becomes effective within fifty (50) days following the Separation Date (or such shorter period as the Company may require), and your compliance with the
terms of this Agreement and the Consulting Agreement, including your continued satisfactory employment through the Separation Date, the Company will provide you the following severance benefits: 

(a) The Company will provide severance pay in the form of continuation of your base salary, less all applicable state and federal taxes, for
twelve (12) months following the Separation Date. This severance will be paid in accordance with the Company’s normal payroll procedures and will begin no earlier the date the Release becomes effective, with a catch-up payment for payments
deferred pending the effectiveness of the Release. 
 (b) If you so elect and pay to continue health insurance under Consolidated Omnibus
Budget Reconciliation Act of 1985, as amended, or corresponding provision of state law (“COBRA”), then beginning in the month following the Separation Date (or if later, the date the Release becomes effective, with a catch-up payment for
reimbursements deferred pending the effectiveness of the Release), you will be reimbursed on a monthly basis in an amount equal to the monthly amount the Company was paying as the employer-portion of premium contributions for health coverage for you
and your eligible dependents immediately before the Separation Date, until the earlier of: (i) the end of the eighteen (18) month period following Separation Date, (ii) the date you or your eligible dependents lose eligibility for
COBRA continuation coverage, or (iii) the first day of your eligibility to participate in a comparable group health plan maintained by a subsequent employer. The period of such employer-reimbursed COBRA continuation coverage shall be considered
part of your (and your eligible dependents’) COBRA coverage entitlement period. You will be solely responsible for timely electing such continuation coverage for yourself and your eligible dependents. Any increase in the premium contribution
and/or in the number of covered dependents by you during the period that you continue in the Company’s health insurance benefit plans or receive company-paid reimbursement of COBRA premiums will be at your own expense. 

(c) The continued vesting and exercisability of certain equity awards pursuant to the terms and conditions of the Consulting Agreement, as
described in Paragraph 4 below. 
 The Company may discontinue the provision of the foregoing benefits if you fail to comply with the material terms and
conditions of this Agreement or the Consulting Agreement. 

 Norman Yeung 

July 30, 2013 
 Page 3 

 

 4. Equity Awards.  

(a) You hold the following equity awards, including options to purchase shares of the Company’s Common Stock (each, an “Option”
and collectively, the “Options”) and restricted stock units (each, an “RSU” and collectively, the “RSUs”): 
  

																					
	 Date of

Grant
	  	Type of
Award	  	Number of
Shares
Granted	 	  	Exercise
Price Per
Share	 	  	Number of
Shares
Vested as of
July 29, 2013	 	  	Number of
Shares
Unvested as of
July 29, 2013	 	  	Expiration
Date
	 8/15/2007
	  	ISO	  	 	225,428	  	  	 	1.78	  	  	 	225,428	  	  	 	0	  	  	8/15/2017
	 8/15/2007
	  	NSO	  	 	44,571	  	  	 	1.78	  	  	 	44,571	  	  	 	0	  	  	8/15/2017
	 2/25/2009
	  	ISO	  	 	21,428	  	  	 	1.47	  	  	 	21,428	  	  	 	0	  	  	2/25/2019
	 4/30/2010
	  	NSO	  	 	32,142	  	  	 	9.29	  	  	 	17,410	  	  	 	14,732	  	  	4/30/2020
	 4/30/2010
	  	ISO	  	 	10,714	  	  	 	9.29	  	  	 	5,803	  	  	 	4,911	  	  	4/30/2020
	 7/14/2010
	  	NSO	  	 	428	  	  	 	12.02	  	  	 	428	  	  	 	0	  	  	7/14/2020
	 4/07/2011
	  	NSO	  	 	22,500	  	  	 	22.07	  	  	 	7,500	  	  	 	15,000	  	  	4/7/2021
	 4/07/2011
	  	RSU	  	 	22,500	  	  	 	0	  	  	 	7,500	  	  	 	15,000	  	  	N/A
	 1/18/2012
	  	NSO	  	 	20,000	  	  	 	12.34	  	  	 	7,500	  	  	 	12,500	  	  	1/18/2022
	 1/18/2012
	  	RSU	  	 	20,000	  	  	 	0	  	  	 	5,000	  	  	 	15,000	  	  	N/A
	 4/12/2012
	  	NSO	  	 	11,000	  	  	 	13.48	  	  	 	3,437	  	  	 	7,563	  	  	4/12/2022
	 4/12/2012
	  	RSU	  	 	10,072	  	  	 	0	  	  	 	2,518	  	  	 	7,554	  	  	N/A
	 1/16/2013
	  	RSU	  	 	52,500	  	  	 	0	  	  	 	0	  	  	 	52,500	  	  	N/A
	 4/18/2013
	  	RSU	  	 	670	  	  	 	0	  	  	 	224	  	  	 	446	  	  	N/A

 (b) Except as provided in subparagraph (c) below, all of the Options and RSUs that are unvested as of the
Separation Date shall terminate on the Separation Date. 
 (c) Notwithstanding subparagraph (b) above, the Options and RSUs that would
have vested during the twelve (12) month period following the Separation Date shall continue to vest during the twelve (12) month period following the Separation Date subject to your continued service pursuant to the terms and conditions
of the Consulting Agreement and your compliance with the provisions of the Consulting Agreement and this Agreement; provided, however, that the RSUs subject to this provision shall not vest until the twelve (12) month anniversary of the
Separation Date. 
 (d) Following the Separation Date, the Options which are vested, or which vest pursuant to the Consulting Agreement,
will remain exercisable in accordance with their terms during the term of the Consulting Agreement and, after termination of such service, for the period of time specified in the applicable stock option plan and agreement for exercisability
following termination of service; provided, however, that the Options will in no event remain exercisable beyond their applicable expiration dates and will be subject to earlier termination in accordance with the terms of the applicable stock option
plan and agreement. 
 Except as set forth in this Agreement and the Consulting Agreement, the stock option agreements governing the Options
and the restricted stock unit agreement governing the RSUs will remain in full force and effect, and you agree to remain bound by those agreements. 

 Norman Yeung 

July 30, 2013 
 Page 4 

 

 5. Release of All Claims.  

(a) In consideration for the severance benefits described in this Agreement, including the Company’s agreement to enter into the
Consulting Agreement, to the fullest extent permitted by applicable law, you waive, release and promise never to assert any claims or causes of action, whether or not now known, against the Company or its predecessors, successors or past or present
subsidiaries, stockholders, directors, officers, employees, consultants, attorneys, agents, assigns and employee benefit plans with respect to any matter, including (without limitation) any matter related to your employment with the Company or the
termination of that employment, including (without limitation) claims to attorneys’ fees or costs, claims of wrongful discharge, constructive discharge, emotional distress, defamation, invasion of privacy, fraud, breach of contract or breach of
the covenant of good faith and fair dealing and any claims of discrimination or harassment based on sex, age, race, national origin, disability or any other basis under Title VII of the Civil Rights Act of 1964, the California Fair Employment
and Housing Act, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act and all other laws and regulations relating to employment. However, this release covers only those claims that arose prior to the execution of
this Agreement and only those claims that may be waived by applicable law. Execution of this Agreement does not bar any claim that arises hereafter, including (without limitation) a claim for breach of this Agreement or any claim to indemnification
under Section 2802 of the California Labor Code. Notwithstanding the foregoing, you are not hereby releasing the Company from any of the following claims: (a) any rights or claims for indemnification you may have pursuant to any written
indemnification agreement with the Company to which you are a party, the charter, bylaws or other governing documents of the Company, or under applicable law, or under directors and officers liability, errors and omissions or other insurance
policies including any run-off endorsement relating thereto, or otherwise; (b) any rights or claims to contribution you may have in the event of the entry of judgment against you as a result of any act or failure to act for which both you and
the Company (or its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent or subsidiary entities, insurers, affiliates or assigns) are jointly responsible; or (c) any vested rights under a
Company-sponsored benefit plan (in this regard, you acknowledge and agree that Paragraph 4 of this Agreement accurately reflects the terms of your outstanding equity awards). 

(b) In addition, you agree that the severance benefits described in this Agreement, including the effectiveness of the Consulting Agreement,
will be subject to your execution and delivery, and non-revocation, of the Release on or after your Separation Date in accordance with the requirements of Paragraph 3 above. 

6. Waiver. You expressly waive and release any and all rights and benefits under Section 1542 of the California Civil Code
(or any analogous law of any other state), which reads as follows: 
 A general release does not extend to claims which the creditor
does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. 

 Norman Yeung 

July 30, 2013 
 Page 5 

 

 7. Confidentiality. You acknowledge and reaffirm your obligation to keep confidential
and not to disclose any and all non-public information concerning the Company which you acquired during the course of your employment with the Company, or which you may acquire during the term of the Consulting Agreement, including, but not limited
to, any non-public information concerning the Company’s business affairs, business prospects and financial condition, which obligation remains in full force and effect. 

8. Non-Disparagement. You shall not make any false, disparaging or derogatory statements to any media outlet, industry group, financial
institution or current or former employee, consultant, client or customer of the Company regarding the Company or any of its directors, officers, employees, consultants, agents or representatives or about the Company’s business affairs and
financial condition. The Company agrees to instruct its officers and directors not to make any false, disparaging or derogatory statements to anyone regarding you, including to any prospective employer. Each party will respond accurately and fully
to any question, inquiry or request for information when required by legal process. 
 9. No Admission. Nothing contained in this
Agreement will constitute or be treated as an admission by you or the Company of liability, any wrongdoing or any violation of law. 
 10.
Other Agreements. As a reminder, at all times in the future, you will remain bound by (i) the Consulting Agreement, and (ii) your Proprietary Information and Inventions Agreement with the Company (“Proprietary Agreement”),
and hereby acknowledge and reaffirm your obligations under the Proprietary Agreement, which remain in full force and effect. Except as expressly provided in this Agreement, this Agreement constitutes the entire agreement between you and the Company
regarding the subject matter of this Agreement and renders null and void all prior and contemporaneous written or oral agreements between you and the Company regarding the subject matter of this Agreement, including without limitation your offer
letter with the Company dated February 1, 2007. This Agreement may be modified only in a written document signed by you and a duly authorized officer of the Company. 

11. Severability. If any term of this Agreement is held to be invalid, void or unenforceable, the remainder of this Agreement will
remain in full force and effect and will in no way be affected, and the parties will use their best efforts to find an alternate way to achieve the same result. 

12. Choice of Law. This Agreement will be construed and interpreted in accordance with the laws of the State of California (other than
their choice-of-law provisions). 
 13. Execution. This Agreement may be executed in counterparts, each of which will be considered
an original, but all of which together will constitute one agreement. Execution of a facsimile copy will have the same force and effect as execution of an original, and a facsimile signature will be deemed an original and valid signature. 

 Norman Yeung 

July 30, 2013 
 Page 6 

 

 Please indicate your agreement with the above terms by signing below. 

 

			
	 Very truly yours,

	
	 INPHI CORPORATION

		
	 By:
	 	   /s/ Ford Tamer

		 	   Ford Tamer

		 	   CEO Inphi

 I agree to the terms of this Agreement, and I am voluntarily signing this release of all claims. I acknowledge that I
have read and understand this Agreement, and I understand that I cannot pursue any of the claims and rights that I have waived in this Agreement at any time in the future. 
  

	
	 /s/ Norman Yeung

	               Signature of Norman Yeung

	
	 Dated: August 1, 2013EX-10.2

 Exhibit 10.2 

CONSULTING AGREEMENT 

Norman Yeung, an individual (“Consultant”), and Inphi Corporation, a Delaware corporation (“Company”), agree as follows,
effective on the Separation Date (as defined in the letter agreement between Consultant and Company dated July 30, 2013 (“Separation Agreement”)): 

Whereas, until the Separation Date, Consultant was an employee and officer of Company; and 

Whereas, Company and Consultant have agreed that Consultant will resign as an employee and officer on the Separation Date pursuant to the
terms and conditions of the Separation Agreement and will transition immediately into the role of “Consultant” in accordance with the terms of this Agreement; 

Wherefore, Consultant and Company agree as follows: 

1. Services and Payment. Consultant agrees to undertake and complete the Services, and abide by the terms, set forth in Exhibit
A in accordance with and on the schedule specified in Exhibit A. As the only consideration due Consultant regarding the subject matter of this Agreement, Company will pay Consultant in accordance with Exhibit A. 

2. Ownership Rights; Proprietary Information; Publicity. 

a. Company shall own all right, title and interest (including patent rights, copyrights, trade secret rights, mask work rights, trademark
rights and all other intellectual and industrial property rights of any sort throughout the world) relating to any and all inventions (whether or not patentable), works of authorship, mask works, designations, designs, know-how, ideas and
information made or conceived or reduced to practice, in whole or in part, by Consultant during the term of this Agreement that relate to the subject matter of, or arise out of, the Services or any Proprietary Information (as defined below)
(collectively, “Inventions”) and Consultant will promptly disclose and provide all Inventions to Company. Consultant hereby makes all assignments necessary to accomplish the foregoing ownership. Consultant shall further assist Company, at
Company’s expense, to further evidence, record and perfect such assignments, and to perfect, obtain, maintain, enforce, and defend any rights assigned. Consultant hereby irrevocably designates and appoints Company as its agent and
attorney-in-fact, coupled with an interest, to act for and on Consultant’s behalf to execute and file any document and to do all other lawfully permitted acts to further the foregoing with the same legal force and effect as if executed by
Consultant. 

 b. Consultant agrees that all Inventions and all other business, technical and financial
information (including, without limitation, the identity of and information relating to customers or employees) Consultant develops, learns or obtains in connection with Services or that are received by or for Company in confidence, constitute
“Proprietary Information.” Consultant will hold in confidence and not disclose or, except in performing the Services, use any Proprietary Information. However, Consultant shall not be obligated under this paragraph with respect to
information Consultant can document is or becomes readily publicly available without restriction through no fault of Consultant. Upon termination and as otherwise requested by Company, Consultant will promptly return to Company all items and copies
containing or embodying Proprietary Information, except that Consultant may keep its personal copies of its compensation records and this Agreement. Consultant also recognizes and agrees that Consultant has no expectation of privacy with respect to
Company’s telecommunications, networking or information processing systems (including, without limitation, stored computer files, email messages and voice messages) and that Consultant’s activity, and any files or messages, on or using any
of those systems may be monitored at any time without notice. 
 c. To the extent allowed by law, Section 2.a and any license to
Company hereunder includes all rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights,” “artist’s rights,” “droit moral,” or the like. To
the extent any of the foregoing is ineffective under applicable law, Consultant hereby provides any and all ratifications and consents necessary to accomplish the purposes of the foregoing to the extent possible. Consultant will confirm any such
ratifications and consents from time to time as requested by Company. If any other person provides any Services, Consultant will obtain the foregoing ratifications, consents and authorizations from such person for Company’s exclusive benefit.

 d. If any part of the Services or Inventions is based on, incorporates, or is an improvement or derivative of, or cannot be reasonably
and fully made, used, reproduced, distributed and otherwise exploited without using or violating technology or intellectual property rights owned or licensed by Consultant and not assigned hereunder, Consultant hereby grants Company and its
successors a perpetual, irrevocable, worldwide royalty-free, non-exclusive, sublicensable right and license to exploit and exercise all such technology and intellectual property rights in support of Company’s exercise or exploitation of the
Services, Inventions, other work performed hereunder, or any assigned rights (including any modifications, improvements and derivatives of any of them). 

3. Warranty. Consultant warrants that: (i) the Services will be performed in a professional and workmanlike manner and that none
of such Services nor any part of this Agreement is or will be inconsistent with any obligation Consultant may have to others; (ii) all work under this Agreement shall be Consultant’s original work and none of the Services or Inventions or
any development, use, production, distribution or exploitation thereof will infringe, misappropriate or violate any intellectual property or other right of any person or entity (including, without limitation, Consultant); and, (iii) Consultant
has the full right to allow him to provide the Company with the assignments and rights provided for herein. 

 4. Former or Conflicting Obligations. Consultant represents and warrants to the Company
that Consultant will not disclose to the Company, or use, or induce the Company to use, any proprietary information or trade secrets of others. Consultant represents that Consultant’s performance of services under this Agreement will not breach
any agreement not to compete with others or any agreement to keep in confidence proprietary information acquired by Consultant in confidence or in trust prior to the Separation Date. Consultant certifies that Consultant has no outstanding agreement
or obligation that is in conflict with any of the provisions of this Agreement, or that would preclude Consultant from complying with the provisions hereof. Consultant also agrees to abide by his obligations under the Employee Proprietary
Information and Inventions Agreement dated February 26th, 2007 (“Proprietary Information Agreement”) as a consultant even though Consultant is no longer an employee of Company.
However, nothing in this Agreement extends the term or scope of the Proprietary Information Agreement beyond its own terms. 
 5.
Termination. 
 a. This Agreement will automatically terminate on the last day of the term specified on Exhibit A. Prior to such
date, either party may terminate this Agreement with or without cause upon notice to the other party. If this Agreement is terminated by the Company other than by reason of a breach by Consultant of the terms of this Agreement or the Separation
Agreement, then Consultant shall be entitled to the remedies specifically identified on Exhibit A. 
 b. Sections 2 through 9 of this
Agreement and any remedies for breach of this Agreement shall survive any termination or expiration. 
 6. Independent Contractor; No
Employee Benefits. Consultant is an independent contractor (not an employee or other agent) solely responsible for the manner and hours in which Services are performed, is solely responsible for all taxes, withholdings, and other statutory,
regulatory or contractual obligations of any sort (including, but not limited to, those relating to workers’ compensation, disability insurance, Social Security, unemployment compensation coverage, the Fair Labor Standards Act, income taxes,
etc.), and is not entitled to participate in any employee benefit plans, fringe benefit programs, group insurance arrangements or similar programs, subject to the exceptions explicitly set forth in Exhibit A. Consultant’s termination of
employment pursuant to the Separation Agreement will constitute a “separation from service” for purposes of Section 409A of the Internal Revenue Code, and all payment hereunder shall be treated as separate installments for purposes of
Section 409A. 
 7. Assignment. This Agreement and the services contemplated hereunder are personal to Consultant and Consultant
shall not have the right or ability to assign, transfer, or subcontract any obligations under this Agreement without the written consent of Company. Any attempt to do so shall be void. The Company may assign its rights and obligations under this
agreement in whole or part to any successor to all or substantially all of the business and/or assets of the Company. 
 8. Notice.
Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage
prepaid. In the case of Consultant, mailed notices shall be addressed to him at the home address which he most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate
headquarters, and all notices shall be directed to the attention of its Secretary. 

 9. Miscellaneous. Any breach of Section 2 or 3 will cause irreparable harm to the
Company for which damages would not be an adequate remedy, and therefore the Company will be entitled to injunctive relief with respect thereto in addition to any other remedies. The failure of either party to enforce its rights under this Agreement
at any time for any period shall not be construed as a waiver of such rights. This Agreement, together with the Separation Agreement, constitutes the entire agreement between Consultant and the Company regarding the subject matter of this Agreement
and renders null and void all prior and contemporaneous written or oral agreements between Consultant and the Company regarding the subject matter of this Agreement. No changes or modifications or waivers to this Agreement will be effective unless
in writing and signed by both parties. In the event that any provision of this Agreement shall be determined to be illegal or unenforceable, that provision will be limited or eliminated to the minimum extent necessary so that this Agreement shall
otherwise remain in full force and effect and enforceable. This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to the conflicts of law provisions thereof. Headings herein are for
convenience of reference only and shall in no way affect interpretation of the Agreement. 

							
	CONSULTANT	 		  	INPHI CORPORATION
				
	 /s/ Norman Yeung
	 		  	By	 	 /s/ Ford Tamer

	Norman Yeung	 		  		 	Ford Tamer
		 		  		 	CEO Inphi
	Address:	 		  		 	
				
	116 Montevideo Circle	 		  		 	
	Fremont, CA 94539	 		  		 	

 EXHIBIT A 
  

	1.	Term: The twelve (12) month period commencing on the Separation Date. 

  

	2.	Reporting to the Chief Executive Officer (the “CEO”). 

  

	3.	The only consideration due Consultant for the Services (as defined below) during the Term shall be: 

  

	 	a.	The continued vesting of certain unvested restricted stock units and stock options in accordance with the terms of the Separation Agreement (collectively, the “Continuing Equity”), subject to Consultant’s
continued Services pursuant to this Agreement during the Term and compliance with the provisions of the Separation Agreement; provided, however, that if Company terminates this Agreement other than by reason of a breach by Consultant of the terms of
this Agreement or the Separation Agreement, the Continuing Equity shall immediately vest. 

 Consultant expressly acknowledges
that the portion of any equity compensation awards that have not vested as of the Separation Date, other than the Continuing Equity, terminate on the Separation Date, and shall never become vested, notwithstanding Consultant’s continued Service
pursuant to this Agreement or otherwise. The parties also acknowledge that Consultant’s stock options which have vested on or prior to the Separation Date, or which vest pursuant to this Agreement, shall remain exercisable during
Consultant’s continued Service pursuant to this Agreement, and thereafter, in accordance with the terms of the applicable stock option agreements. 
  

	4.	Expenses incurred in performing the requested Services, including for pre-approved travel, will be reimbursed by the Company in accordance with the Company’s then-current expense reimbursement policy.

  

	5.	“Services” means advisory services conducted by Consultant at the direct request of the Company’s CEO. The Company shall provide reasonable advance notice of the advisory Services to be requested to
accommodate Consultant’s schedule.

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