Document:

Exhibit
      10.1

     

    

    GENESIS
      MICROCHIP INC.

    

    INDEMNIFICATION
      AGREEMENT

     

    This
      Indemnification Agreement (“Agreement”)
      is
      made as of March 2, 2007, by and between Genesis Microchip Inc., a Delaware
      corporation (the “Company”),
      and
      _________________________ (“Indemnitee”).

     

    Recitals

     

    A. The
      Company desires to attract and retain qualified directors, officers, employees
      and other agents, and to provide them with protection against liability and
      expenses incurred while acting in that capacity;

     

    B. The
      Certificate of Incorporation and Bylaws of the Company contain provisions for
      indemnifying directors and officers of the Company, and the Certificate of
      Incorporation, Bylaws and Delaware law contemplate that separate contracts
      may
      be entered into between the Company and its directors and officers, employees
      and other agents with respect to their indemnification by the Company, which
      contracts may provide greater protection than is afforded by the Certificate
      of
      Incorporation and Bylaws;

     

    C. The
      Company understands that Indemnitee has reservations about serving or continuing
      to serve the Company without adequate protection against personal liability
      arising from such service, and that it is also of critical importance to
      Indemnitee that adequate provision be made for advancing costs and expenses
      of
      legal defense; and

     

    D. The
      Board
      of Directors of the Company has approved as being in the best interests of
      the
      Company indemnity contracts substantially in the form of this Agreement for
      directors and officers of the Company and its subsidiaries and for certain
      other
      employees and agents of the Company designated by the Board of
      Directors.

     

    NOW,
      THEREFORE, in order to induce Indemnitee to serve or to continue to serve as
      a
      director and/or officer of the Company, and in consideration of Indemnitee’s
      service to the Company, the parties agree as follows:

     

    1. Contractual
      Indemnity.
      In
      addition to the indemnification provisions of the Certificate of Incorporation
      and Bylaws of the Company, the Company hereby agrees, subject to the limitations
      of Sections 2 and 5 hereof:

     

    (a) To
      indemnify, defend and hold Indemnitee harmless to the greatest extent possible
      under applicable law from and against any and all judgments, fines, penalties,
      amounts paid in settlement and any other amounts reasonably incurred or suffered
      by Indemnitee (including attorneys’ fees) in connection with any threatened,
      pending or completed action, suit or proceeding, whether civil, criminal,
      administrative or investigative, and whether formal or informal, including
      an
      action by or in the right of the Company, to which Indemnitee is, was or at
      any
      time becomes a party or
      witness or other participant, or is threatened to be or in good faith believes
      will be made a party, by reason of the fact that Indemnitee is, was or at any
      time becomes a director, officer, employee or agent of the Company or is or
      was
      serving or at any time serves at the request of the Company as a director,
      officer, employee or agent of another corporation, partnership, joint venture,
      trust or other enterprise (collectively referred to hereafter as a “Claim”),
      whether or not arising prior to the date of this Agreement. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b) To
      pay
      any and all expenses reasonably incurred by Indemnitee in defending any Claim
      or
      Claims (including reasonable attorneys’ fees and other reasonable costs of
      investigation and defense) (the “Expenses”), as the same are incurred and in
      advance of the final disposition of any such Claim or Claims (it being
      understood that amounts actually paid in settlement of any such action or
      proceeding shall not be treated as Expenses under this Agreement and such
      amounts actually paid in settlement shall be treated as set forth in Section
      4(c) of this Agreement). The execution of this agreement constitutes an
      undertaking by Indemnitee to reimburse such amounts if it shall be ultimately
      determined that Indemnitee (i) is not entitled to be indemnified by the
      Company under this Agreement, and (ii) is not entitled to be indemnified by
      the Company under the Certificate of Incorporation or the Bylaws of the Company
      or under applicable law. The advances to be made hereunder shall be paid by
      the
      Company to Indemnitee within twenty (20) days following receipt by the
      Company of a written request therefor from Indemnitee. Indemnitee’s obligation
      to reimburse the Company for the Expenses so advanced shall be unsecured and
      no
      interest shall be charged thereon.

     

    The
      termination of any action or proceeding by judgment, order, settlement,
      conviction, or upon a plea of nolo
      contendere
      or its
      equivalent, shall not, of itself, create a presumption that (i) Indemnitee
      did not act in good faith and in a manner which Indemnitee reasonably believed
      to be in the best interests of the Company, or (ii) with respect to any
      criminal action or proceeding, Indemnitee had reasonable cause to believe that
      Indemnitee’s conduct was unlawful.

     

    2. Limitations
      on Contractual Indemnity.
      Any
      other provision herein to the contrary notwithstanding, the Company shall not
      be
      obligated pursuant to the terms of this Agreement: 

     

    (a) To
      indemnify or advance Expenses to the Indemnitee 

     

    (i) If
      a
      court of competent jurisdiction, by final judgment or decree, shall determine
      that (i) the Claim or Claims in respect of which indemnity is sought arise
      from Indemnitee’s fraudulent, dishonest or willful misconduct, or (ii) such
      indemnity is not permitted under applicable law; 

     

    (ii) with
      respect to proceedings or claims initiated or brought voluntarily by Indemnitee
      and not by way of defense, except (i) with respect to proceedings brought
      in good faith to establish or enforce a right to indemnification or advancement
      under this Agreement or any other statute or law, or (ii) at the Company’s
      discretion, in specific cases if the Board of Directors of the Company has
      approved the initiation or bringing of such suit; 

     

    
      
         

      

      
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    (iii) for
      Expenses or liabilities of any type whatsoever (including, but not limited
      to,
      judgments, fines, ERISA excise taxes or penalties, and amounts paid in
      settlement) which have been paid directly to Indemnitee by an insurance carrier
      under a policy of directors’ and officers’ liability insurance maintained by the
      Company; or 

     

    (iv) if
      the
      Indemnitee shall have entered a plea of guilty or nolo contendere, or an
      equivalent plea acknowledging guilt with respect to any Claim for which
      advancement of Expenses are being sought;

     

    or

     

    (b) to
      indemnify the Indemnitee:

     

    (i) on
      account of any suit in which judgment is rendered for an accounting of profits
      made from the purchase or sale by Indemnitee of securities of the Company in
      violation of the provisions of Section 16(b) of the Securities Exchange Act
      of 1934 and amendments thereto or similar provisions of any federal, state
      or
      local statutory law; 

     

    (ii) for
      any
      acts or omissions or transactions from which a director may not be relieved
      of
      liability under the Delaware General Corporation Law; or

     

    (iii) on
      account of any suit in which Indemnitee is adjudged to have misused or
      misappropriated non-public information, or otherwise misused Indemnitee’s status
      as an “insider” of the Company, in connection with any purchase or sale by
      Indemnitee of securities of the Company.

     

    3. Continuation
      of Contractual Indemnity.
      Subject
      to the termination provisions of Section 11, all agreements and obligations
      of the Company contained herein shall continue for so long as Indemnitee shall
      be subject to any possible action, suit, proceeding or other assertion of a
      Claim or Claims.

     

    4. Notification
      and Defense of Claim.
      If any
      action, suit, proceeding or other Claim is brought against Indemnitee in respect
      of which indemnity may be sought under this Agreement:

     

    (a) Indemnitee
      will promptly notify the Company in writing of the commencement thereof, and
      the
      Company and any other indemnifying party similarly notified will be entitled
      to
      participate therein at its own expense or to assume the defense thereof and
      to
      employ counsel reasonably satisfactory to Indemnitee. Notice to the Company
      shall be directed to the Chief Executive Officer of the Company at the address
      shown on the signature page of this Agreement (or such other address as the
      Company shall designate in writing to Indemnitee). Notice shall be deemed
      received three (3) business days after the date postmarked if sent by
      domestic certified or registered mail, properly addressed; otherwise notice
      shall be deemed received when such notice shall actually be received by the
      Company. The omission to notify the Company will not relieve the Company from
      any liability that it may have to Indemnitee, except that the Company shall
      not
      be liable to indemnify the Indemnitee under this Agreement with regard to any
      judicial award if the Company was not given a reasonable and timely opportunity
      as a result of Indemnitees’ failure to provide notice, at its expense, to
      participate in the defense of such action, and the lack of such notice
      materially prejudiced the Company’s ability to participate in defense of such
      action. The Company’s liability hereunder shall not be excused if participation
      in the defense of the Claim by the Company was barred by this
      Agreement.

     

    
      
         

      

      
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    (b) Indemnitee
      shall have the right to employ its own counsel in connection with any such
      Claim
      and to participate in the defense thereof, but the fees and expenses of such
      counsel shall be at the expense of Indemnitee unless (i) the Company shall
      not have assumed the defense of the Claim and employed counsel for such defense,
      or (ii)  the Indemnitee shall have reasonably concluded that joint
      representation is inappropriate under applicable standards of professional
      conduct due to a material conflict of interest between Indemnitee and the
      Company or the other joint clients of employed counsel. In either of these
      events the reasonable fees and expenses of such counsel to the Indemnitee shall
      be borne by the Company. However, in no event will the Company be obligated
      to
      pay the fees or expenses of more than one firm of attorneys representing
      Indemnitee and any other agents of the Company in connection with any one Claim
      or separate but substantially similar or related Claims in the same jurisdiction
      arising out of the same general allegations or circumstances.

     

    (c) The
      Company shall not be liable to indemnify Indemnitee for any amounts paid in
      settlement of any Claim effected without the Company’s written consent, and the
      Company shall not settle any Claim in a manner which would impose any penalty
      or
      limitation on Indemnitee without Indemnitee’s written consent; provided,
      however, that neither the Company nor Indemnitee will unreasonably withhold
      its
      consent to any proposed settlement and, provided further, that if a claim is
      settled by the Indemnitee with the Company’s written consent, or if there be a
      final judgment or decree for the plaintiff in connection with the Claim by
      a
      court of competent jurisdiction, the Company shall indemnify and hold harmless
      Indemnitee from and against any and all losses, costs, Expenses and liabilities
      incurred by reason of such settlement or judgment.

     

    (d) Indemnitee
      shall give the Company such information and cooperation as it may reasonably
      require and as shall be within Indemnitee’s power.

     

    (e) Any
      indemnification provided for in Section 1(a) shall be made no later than
      forty-five (45) days after receipt of the written request of Indemnitee. If
      a Claim under this Agreement, under any statute, or under any provision of
      the
      Company’s Certificate of Incorporation or Bylaws providing for indemnification,
      is not paid in full by the Company within forty-five (45) days, or any
      advance of Expenses pursuant to Section 1(b) is not paid in full by the Company
      within twenty (20) days, after a written request for payment thereof has first
      been received by the Company, Indemnitee may, but need not, at any time
      thereafter bring an action against the Company to recover the unpaid amount
      of
      the claim and, subject to Sections 2 and 13 of this Agreement, Indemnitee
      shall also be entitled to be reimbursed for the Expenses (including attorneys’
fees) of bringing such action. It shall be a defense to any such action that
      Indemnitee has not met the standards of conduct which make it permissible under
      applicable law for the Company to indemnify Indemnitee for the amount claimed
      but the burden of proving such defense shall be on the Company, and Indemnitee
      shall be entitled to receive interim payments of Expenses pursuant to
      Subsection 1(b) unless and until such defense may be finally adjudicated by
      court order or judgment from which no further right of appeal exists or as
      otherwise restricted pursuant to this Agreement. It is the parties’ intention
      that if the Company contests Indemnitee’s right to indemnification, the question
      of Indemnitee’s right to indemnification shall be for the court to decide, and
      neither the failure of the Company (including its Board of Directors, any
      committee or subgroup of the Board of Directors, independent legal counsel,
      or
      its stockholders) to have made a determination that indemnification of
      Indemnitee is proper in the circumstances because Indemnitee has met the
      applicable standard of conduct required by applicable law, nor an actual
      determination by the Company (including its Board of Directors, any committee
      or
      subgroup of the Board of Directors, independent legal counsel, or its
      stockholders) that Indemnitee has not met such applicable standard of conduct,
      shall create a presumption that Indemnitee has or has not met the applicable
      standard of conduct.

     

    
      
         

      

      
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    (f) If,
      at
      the time of the receipt of a notice of a Claim, the Company has director and
      officer liability insurance in effect, the Company shall give prompt notice
      of
      the commencement of such proceeding to the insurers in accordance with the
      procedures set forth in the respective policies. The Company shall thereafter
      take all necessary or desirable action to cause such insurers to pay, on behalf
      of the Indemnitee, all amounts payable as a result of such proceeding in
      accordance with the terms of such policies.

     

    5. Scope.
      Notwithstanding any other provision of this Agreement, the Company hereby agrees
      to indemnify the Indemnitee against any Claim to the fullest extent permitted
      by
      law, notwithstanding that such indemnification is not specifically authorized
      by
      the other provisions of this Agreement, the Company’s Certificate of
      Incorporation, the Company’s Bylaws or by statute. In the event of any change,
      after the date of this Agreement, in any applicable law, statute or rule which
      expands the right of a Delaware corporation to indemnify a member of its board
      of directors, an officer or other corporate agent, such changes shall be,
ipso
      facto,
      within
      the purview of Indemnitee’s rights and Company’s obligations, under this
      Agreement. In the event of any change in any applicable law, statute, or rule
      which narrows the right of a Delaware corporation to indemnify a member of
      its
      Board of Directors, an officer, or other corporate agent, such changes, to
      the
      extent not otherwise required by applicable law to be applied to this Agreement,
      shall have no effect on this Agreement or the parties’ rights and obligations
      hereunder.

     

    6. Partial
      Indemnification.
      If
      Indemnitee is entitled under any provision of this Agreement to indemnification
      by the Company for some or a portion of the Expenses, judgments, fines or
      penalties actually or reasonably incurred by him in the investigation, defense,
      appeal or settlement of any civil or criminal action or proceeding, but not,
      however, for the total amount thereof, the Company shall nevertheless indemnify
      Indemnitee for the portion of such Expenses, judgments, fines or penalties
      to
      which Indemnitee is entitled.

     

    7. Public
      Policy.
      Both
      the Company and Indemnitee acknowledge that in certain instances, Federal law
      or
      a court of competent jurisdiction may prohibit the Company from indemnifying
      its
      directors and officers under this Agreement or otherwise. 

     

    
      
         

      

      
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    8. Insurance.
      

     

    (a) For
      the
      duration of Indemnitee’s service as a director or officer or other agent of the
      Company, and thereafter for so long as Indemnifee shall be subject to any
      pending or possible Claim, the Company shall use commercially reasonable efforts
      (taking into account the scope and amount of coverage available relative to
      the
      cost thereof) to cause to be maintained in effect policies of liability
      insurance providing coverage for directors and officers of the Company that
      are
      at least substantially comparable in scope and coverage to that provided by
      the
      Company’s current policies of directors’ and officers’ liability
      insurance.

     

    (b) The
      Company shall use reasonable efforts to require and cause any successor (whether
      direct or indirect by purchase, merger, consolidation, or otherwise) to all,
      substantially all, or a substantial part, of the business and/or assets of
      the
      Company (the “Change in Control”), by written agreement, to use commercially
      reasonable efforts to cause to be maintained in effect policies of liability
      insurance providing coverage for directors and officers of the Company that
      are
      at least substantially comparable in scope and coverage to that provided by
      the
      Company’s policies of directors’ and officers’ liability insurance in effect
      prior to the Change in Control for a period of six years following the Change
      in
      Control. 

     

    (c) If
      at the
      Company receives a notice of Claim the Company has liability insurance in effect
      which may cover the Claim, the Company shall (i) give prompt notice of the
      Claim
      to the insurers in accordance with the procedures set forth in the respective
      policies and (ii) take all necessary or desirable actions to cause such insurers
      to pay , on behalf of the Indemnitee, all amounts payable as a result of the
      Claim in accordance with the terms of the respective policies. 

     

    9. No
      Duplication of Payment.
      The
      Company shall not be liable under this Agreement to make any payment in
      connection with any Claim made against Indemnitee to the extent Indemnitee
      has
      otherwise actually received payment (under any insurance policy, provision
      of
      the Company's Certificate of Incorporation, Bylaw (as now or hereafter in
      effect) or otherwise) of the amounts otherwise indemnifiable
      hereunder.

     

    10. No
      Restrictions.
      The
      rights and remedies of Indemnitee under this Agreement shall not be deemed
      to
      exclude or impair any other rights or remedies to which Indemnitee may be
      entitled under the Certificate of Incorporation or Bylaws of the Company, or
      under any other agreement, provision of law or otherwise, nor shall anything
      contained herein restrict the right of the Company to indemnify Indemnitee
      in
      any proper case even though not specifically provided for in this Agreement,
      nor
      shall anything contained herein restrict Indemnitee’s right to contribution as
      may be available under applicable law.

     

    11. Termination.
      All of
      the Company’s obligations under this Agreement will continue as long as
      Indemnitee is subject to any actual or possible matter which is the subject
      of
      this Agreement, notwithstanding Indemnitee’s termination of service as an
      officer or director of the Company.

     

    
      
         

      

      
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    12. Severability.
      Each of
      the provisions of this Agreement is a separate and distinct agreement and
      independent of the others, so that if any provision hereof shall be held to
      be
      invalid or unenforceable for any reason, such invalidity or unenforceability
      shall not affect the validity or enforceability of the other provisions
      hereof.

     

    13. Further
      Assurances.
      The
      parties will do, execute and deliver, or will cause to be done, executed and
      delivered, all such further acts, documents and things as may be reasonably
      required for the purpose of giving effect to this Agreement and the transactions
      contemplated hereby.

     

    14. Acknowledgment.
      The
      Company expressly acknowledges that it has entered into this Agreement and
      assumed the obligations imposed on the Company hereunder in order to induce
      Indemnitee to serve or to continue to serve as an agent of the Company, and
      acknowledges that Indemnitee is relying on this Agreement in serving or
      continuing to serve in such capacity.

     

    15. Period
      of Limitations.
      No
      legal action shall be brought and no cause of action arising
      out of or related to the parties’ respective rights and obligations under this
      agreement
      shall be
      asserted by or on behalf of the Company or any affiliate of the Company against
      Indemnitee, Indemnitee’s spouse, heirs, executors or personal or legal
      representatives after the expiration of three (3) years from the date of accrual
      of such cause of action or such longer period as may be required by state law
      under the circumstances. Any claim or cause of action of the Company or its
      Affiliate shall be extinguished and deemed released unless asserted by the
      timely filing and notice of a legal action within such period; provided,
      however, that if any shorter period of limitations is otherwise applicable
      to
      any such cause of action, the shorter period shall govern.

     

    16. Construction
      of Certain Phrases.

     

    (a) “Company”:
      For
      purposes of this Agreement, references to the “Company” shall also include, in
      addition to the resulting corporation in any consolidation or merger to which
      the Company is a party, any constituent corporation (including any constituent
      of a constituent) absorbed in consolidation or merger which, if its separate
      existence had continued, would have had power and authority to indemnify its
      directors, officers, employees or agents, so that if Indemnitee is or was a
      director, officer, employee or agent of such constituent corporation, or is
      or
      was serving at the request of such constituent corporation as a director,
      officer, employee or agent of another corporation, partnership, joint venture,
      trust or other enterprise, Indemnitee shall stand in the same position under
      the
      provisions of this Agreement with respect to the resulting or surviving
      corporation as Indemnitee would have with respect to such constituent
      corporation if its separate existence had continued.

     

    (b) Benefit
      Plans:
      References to “fines” contained in this Agreement shall include any excise taxes
      assessed on Indemnitee with respect to an employee benefit plan; and references
      to “serving at the request of the Company” shall include any service as a
      director, officer, employee or agent of the Company which imposes duties on,
      or
      involves services by, such director, officer, employee or agent with respect
      to
      an employee benefit plan, its participants, or beneficiaries.

     

    
      
         

      

      
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    17. Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      constitute an original.

     

    18. Notice.
      All
      notices, requests, demands and other communications under this Agreement shall
      be in writing and shall be deemed duly given (i) if delivered by hand and
      receipted for by the party addressee, on the date of such receipt, or
      (ii) if mailed by domestic certified or registered mail with postage
      prepaid, on the third business day after the date postmarked. Addresses for
      notice to either party are as shown on the signature page of this Agreement,
      or
      as subsequently modified by written notice.

     

    19. Governing
      Law; Binding Effect; Amendment.

     

    (a) This
      Agreement shall be interpreted and enforced in accordance with the laws of
      the
      State of Delaware applicable to contracts entered into in Delaware.

     

    (b) This
      Agreement shall be binding upon and inure to the benefit of and be enforceable
      by the parties hereto and their respective successors (including any direct
      or
      indirect successor by purchase, merger, consolidation, or otherwise to all
      or
      substantially all of the business and/or assets of the Company), assigns,
      spouses, heirs, and personal and legal representatives. The Company shall
      require and cause any successor (whether direct or indirect by purchase, merger,
      consolidation, or otherwise) to all, substantially all, or a substantial part,
      of the business and/or assets of the Company, by written agreement in form
      and
      substance satisfactory to Indemnitee, expressly to assume and agree to perform
      this Agreement in the same manner and to the same extent that the Company would
      be required to perform if no such succession had taken place. The
      indemnification provided under this Agreement shall continue as to Indemnitee
      for any action taken or not taken while serving in an indemnified capacity
      pertaining to a Claim even though he may have ceased to serve in such capacity
      at the time of any Claim.

     

    (c) No
      amendment, modification, termination or cancellation of this Agreement shall
      be
      effective unless in writing signed by both parties hereto.

     

    20. No
      Construction as Employment Agreement.
      Nothing
      contained in this Agreement shall be construed as giving Indemnitee any right
      to
      be retained in the employ of the Company or any of its subsidiaries or
      affiliated entities. 

     

    21. Termination
      of Prior Agreement.
      The
      parties hereby agree that upon execution of this Agreement by the Company and
      the Indemnitee, any prior indemnification agreement between the parties shall
      be
      terminated and be of no further force and effect.

     

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

     

    
      	 	 	 
	 	
              “COMPANY”

               

              
                GENESIS
                  MICROCHIP INC.

              

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Elias
                Antoun

            
	 	
              President
                & Chief Executive Officer

            

    
      	 	 	 
	 	
              
                “INDEMNITEE”

              

            
	 	 
	 	Signature:
              _______________________________________
	 	 
	 	
              Name:
                ____________________________________________

            
	 	 
	 	Address:
              __________________________________________
	 	 
	 	
               __________________________________________

            

    

    

    
      
         

      

      
        -9-Exhibit
      10.2

     

    GENESIS
      MICROCHIP INC.

     

    CHANGE
      OF CONTROL SEVERANCE AGREEMENT

     

    This
      Change of Control Severance Agreement (the “Agreement”) is made and entered into
      effective as of March 2,
      2007
      (the
“Effective Date”), by and between Elias
      Antoun
      (“Executive”) and Genesis Microchip Inc., a Delaware corporation (the
“Company”). Certain capitalized terms used in this Agreement are defined in
      Section 1 below.

     

    RECITALS

     

    A. It
      is
      expected that the Company from time to time will consider the possibility of
      a
      Change of Control. The Board of Directors of the Company (the “Board”)
      recognizes that such consideration can be a distraction to Executive and can
      cause Executive to consider alternative employment opportunities.

     

    B. The
      Board
      believes that it is in the best interests of the Company and its shareholders
      to
      provide Executive with an incentive to continue Executive’s employment and to
      maximize the value of the Company upon a Change of Control for the benefit
      of
      its shareholders.

     

    C. In
      order
      to provide Executive with enhanced financial security and sufficient
      encouragement to remain with the Company notwithstanding the possibility of
      a
      Change of Control, the Board believes that it is imperative to provide Executive
      with certain severance benefits upon Executive’s termination of employment
      following a Change of Control.

     

    AGREEMENT

     

    In
      consideration of the mutual covenants herein contained and the continued
      employment of Executive by the Company, the parties agree as
      follows:

     

    1. Definition
      of Terms.
      The
      following terms referred to in this Agreement will have the following
      meanings:

     

    (a) Cause.
“Cause”
      means (a) any act of dishonesty or fraud taken by Executive that is in
      connection with his or her responsibilities as an employee which is intended
      to
      result in substantial personal enrichment of Executive or
      which
      has a
      material
      and
      detrimental
      effect
      on the Company’s reputation or business; (b) Executive’s conviction of, or no
      contest plea to, a felony; (c) a willful act by Executive which constitutes
      misconduct and is injurious to the Company; (d) a material breach of the terms
      of any confidentiality, invention assignment or proprietary information
      agreement with the Company; or (e) continued violations by Executive of
      Executive’s obligations to the Company or written Company policies after there
      has been delivered to Executive a written demand for performance from the
      Company which describes the basis for the Company’s belief that Executive has
      not substantially performed his or her duties.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    (b) Change
      of Control.
“Change
      of Control” means the occurrence of any of the following events: 

     

    (i) the
      approval by shareholders of the Company of a merger or consolidation of the
      Company with any other corporation, other than a merger or consolidation which
      would result in the voting securities of the Company outstanding immediately
      prior thereto continuing to represent (either by remaining outstanding or by
      being converted into voting securities of the surviving entity) more than fifty
      percent (50%) of the total voting power represented by the voting securities
      of
      the Company or such surviving entity outstanding immediately after such merger
      or consolidation;

     

    (ii) the
      approval by the shareholders of the Company of a plan of complete liquidation
      of
      the Company or an agreement for the sale or disposition by the Company of all
      or
      substantially all of the Company’s assets; 

     

    (iii) any
      “person” (as such term is used in Sections 13(d) and 14(d) of the Securities
      Exchange Act of 1934, as amended) becoming the “beneficial owner” (as defined in
      Rule 13d-3 under said Act), directly or indirectly, of securities of the Company
      representing 50% or more of the total voting power represented by the Company’s
      then outstanding voting securities; or

     

    (iv) a
      change
      in the composition of the Board, as a result of which fewer than a majority
      of
      the directors are Incumbent Directors. “Incumbent Directors” will mean directors
      who either (A) are directors of the Company as of the date hereof, or (B) are
      elected, or nominated for election, to the Board with the affirmative votes
      of
      at least a majority of those directors whose election or nomination was not
      in
      connection with any transactions described in subsections (i), (ii), or (iii)
      or
      in connection with an actual or threatened proxy contest relating to the
      election of directors of the Company.

     

    (c) Disability.
      “Disability” means that Executive has been unable to perform his or her Company
      duties as the result of his or her incapacity due to physical or mental illness,
      and such inability, at least twenty-six (26) weeks after its commencement or
      one
      hundred eighty (180) days in any consecutive twelve (12) month period, is
      determined to be total and permanent by a physician selected by the Company
      or
      its insurers and acceptable to Executive or Executive’s legal representative
      (such agreement as to acceptability not to be unreasonably withheld).
      Termination resulting from Disability may only be effected after at least thirty
      (30) days’ written notice by the Company of its intention to terminate
      Executive’s employment. In the event that Executive resumes the performance of
      substantially all of his or her duties hereunder before the termination of
      his
      or her employment becomes effective, the notice of intent to terminate will
      automatically be deemed to have been revoked.

     

    (d) Good
      Reason.
“Good
      Reason” means without Executive’s express written consent (a) a significant
      reduction of Executive’s duties, position or responsibilities relative to
      Executive’s duties, position or responsibilities in effect immediately prior to
      such reduction, or the removal of Executive from such position, duties and
      responsibilities, unless Executive is provided with comparable or greater
      duties, position and responsibilities; provided, however, that a reduction
      in
      duties, position or responsibilities solely by virtue of the Company being
      acquired and made part of a larger entity, whether as a subsidiary, business
      unit or otherwise (as, for example, when the Chief Financial Officer of the
      Company remains the Chief Financial Officer of the Company following a Change
      in
      Control where the Company becomes a wholly owned subsidiary of the acquiror,
      but
      is not made the Chief Financial Officer of the acquiring corporation) will
      not
      constitute “Good Reason;” (b) a reduction by the Company of Executive’s base
      salary as in effect immediately prior to such reduction, other than
      substantially similar reductions that are also applied to substantially similar
      employees of the Company; or (c) the imposition of a requirement for the
      relocation of Executive to a facility or location more than fifty (50) miles
      from Executive’s current work location.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (e) Termination
      Date.
      “Termination Date” will mean the effective date of any notice of termination
      delivered by one party to the other hereunder pursuant to Section 8(b) or
      otherwise.

     

    2. Term
      of Agreement.
      This
      Agreement is effective as of the Effective Date and will remain in effect
      through the second anniversary of the Effective Date, except in the event of
      a
      Change in Control during such term, in which case this Agreement will remain
      in
      effect through, and automatically terminate upon, the completion of all payments
      under the terms of this Agreement. No severance benefits will be paid under
      this
      Agreement with respect to any termination of employment effective after the
      date
      of the Agreement’s termination.

     

    3. At-Will
      Employment.
      The
      Company and Executive acknowledge that Executive’s employment is and will
      continue to be at-will, as defined under applicable law. If Executive’s
      employment terminates for any reason, Executive will not be entitled to any
      payments, benefits, damages, awards or compensation other than as provided
      by
      this Agreement, or as may otherwise be established under the Company’s then
      existing employee benefit plans or policies at the time of
      termination.

     

    4. Severance
      Benefits.

     

    (a) Termination
      Within Twelve Months Following a Change of Control.
      If
      within the twelve (12) month period following a Change of Control, the Company
      (or any parent or subsidiary of the Company) terminates Executive’s employment
      for reasons other than Cause, death or Disability or Executive resigns from
      such
      employment for Good Reason, then, subject to Executive complying with Section
      4(d), Executive will receive the following severance benefits from the
      Company:

     

    (i) Executive
      will be entitled to receive a lump sum cash payment equal to (a) one (1) year
      of
      Executive’s base salary, as in effect on the Termination Date, and (b) an amount
      representing Executive’s forgone annual bonus opportunity determined by
      multiplying 50% of Executive’s annual base salary, as in effect on the
      Termination Date, by a fraction with a numerator equal to the number of days
      between the start of the Company’s fiscal year during which the termination
      occurs and the Termination Date and a denominator equal to 365, with such
      amounts payable within thirty (30) days following the Termination
      Date.

     

    (ii) Fifty
      percent (50%) of Executive’s then outstanding, unvested equity compensation
      awards will become fully vested and, if applicable, exercisable. The period
      over
      which such equity compensation awards may be exercised will be governed by
      the
      applicable provisions of the Company’s equity award plans and related equity
      award agreements.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (iii) The
      Company will reimburse Executive for the premiums paid for the continued
      coverage of Executive (and any eligible dependents) under the Company’s medical,
      dental and vision plans at the same level of coverage in effect on the
      Termination Date until the earlier of (a) twelve (12) months after the
      Termination Date (provided Executive validly elects to continue coverage under
      the Consolidated Omnibus Budget Reconciliation Act (“COBRA”)), or (b) the date
      upon which Executive and Executive’s eligible dependents become covered under
      similar plans.

     

    (b) Termination
      Apart from a Change of Control.
      If
      Executive’s employment with the Company terminates prior to a Change of Control
      or after twelve (12) months following a Change of Control, then Executive will
      not be entitled to receive severance or other benefits hereunder, but may be
      eligible for those benefits (if any) as may then be established under the
      Company’s then existing severance and benefits plans and policies at the time of
      such termination or pursuant to a written agreement between Executive and the
      Company.

     

    (c) Accrued
      Wages and Vacation; Expenses.
      Without
      regard to the reason for, or the timing of, Executive’s termination of
      employment: (i) the Company will pay Executive any unpaid base salary due for
      periods prior to the Termination Date; (ii) the Company will pay Executive
      all
      of Executive’s accrued and unused vacation through the Termination Date; and
      (iii) following submission of proper expense reports by Executive, the Company
      will reimburse Executive for all expenses reasonably and necessarily incurred
      by
      Executive in connection with the business of the Company prior to the
      Termination Date. These payments will be made promptly upon termination and
      within the period of time mandated by law. 

     

    (d) Release
      and Non-Disparagement Agreement.
      As a
      condition to receiving severance benefits pursuant to Section 4(a) of this
      Agreement, Executive will be required to sign (and any such agreement must
      become effective) a waiver and release of all claims arising out of his or
      her
      employment with the Company and its subsidiaries and affiliates (including
      termination therefrom) and an agreement not to disparage the Company, its
      directors, or its executive officers, in a form reasonably satisfactory to
      the
      Company.

     

    5. Section
      409A.
      

     

    (a) Amendment.
      This
      Agreement will be deemed amended to the extent necessary to avoid imposition
      of
      any additional tax or income recognition prior to actual payment to Employee
      under Code Section 409A and any temporary or final Treasury Regulations and
      guidance promulgated thereunder and the parties agree to cooperate with each
      other and to take reasonably necessary or desirable steps in this
      regard.

     

    (b) Distributions.
      In the
      event that the Company determines that Section 409A of the Code, or its
      regulations and other guidance issued thereunder, would require the delay in
      the
      payment of any severance benefits under Section 4(a) to Executive in the event
      Executive is considered to be a “Specified Employee” (as defined below), the
      Company will, irrespective of any election to the contrary or any other term
      of
      the Agreement, delay the payment of severance benefits until the date which
      is
      at least six (6) months after the Termination Date. For the purposes of this
      Section 5(b), the term “Specified Employee” has the meaning given such term in
      Section 409A(a)(2)(B)(i) of the Code.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    6. Limitation
      on Payments.
      In the
      event that the severance and other benefits provided for in this Agreement
      or
      otherwise payable to Executive (i) constitute “parachute payments” within the
      meaning of Section 280G of the Code, and (ii) would be subject to the excise
      tax
      imposed by Section 4999 of the Code (the “Excise Tax”), then Executive’s
      benefits under this Agreement will be either

     

    (a) delivered
      in full, or

     

    (b) delivered
      as to such lesser extent which would result in no portion of such benefits
      being
      subject to the Excise Tax,

     

    whichever
      of the foregoing amounts, taking into account the applicable federal, state
      and
      local income taxes and the Excise Tax, results in the receipt by Executive
      on an
      after-tax basis, of the greatest amount of benefits, notwithstanding that all
      or
      some portion of such benefits may be taxable under Section 4999 of the
      Code.

     

    Unless
      the Company and Executive otherwise agree in writing, any determination required
      under this Section will be made in writing by the Company’s independent public
      accountants (the “Accountants”), whose determination will be conclusive and
      binding upon Executive and the Company for all purposes. In the event of a
      reduction in benefits hereunder, Executive will be given the choice of which
      benefits to reduce. For purposes of making the calculations required by this
      Section, the Accountants may make reasonable assumptions and approximations
      concerning applicable taxes and may rely on reasonable, good faith
      interpretations concerning the application of Section 280G and 4999 of the
      Code.
      The Company and Executive will furnish to the Accountants such information
      and
      documents as the Accountants may reasonably request in order to make a
      determination under this Section. The Company will bear all costs the
      Accountants may reasonably incur in connection with any calculations
      contemplated by this Section.

     

    7. Successors.

     

    (a) Company’s
      Successors.
      Any
      successor to the Company (whether direct or indirect and whether by purchase,
      lease, merger, consolidation, liquidation or otherwise) to all or substantially
      all of the Company’s business and/or assets will assume the Company’s
      obligations under this Agreement and agree expressly to perform the Company’s
      obligations under this Agreement in the same manner and to the same extent
      as
      the Company would be required to perform such obligations in the absence of
      a
      succession. For all purposes under this Agreement, the term “Company” will
      include any successor to the Company’s business and/or assets which executes and
      delivers the assumption agreement described in this subsection (a) or which
      becomes bound by the terms of this Agreement by operation of law.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (b) Executive’s
      Successors.
      Without
      the written consent of the Company, Executive will not assign or transfer this
      Agreement or any right or obligation under this Agreement to any other person
      or
      entity. Notwithstanding the foregoing sentence, the terms of this Agreement
      and
      all rights of Executive hereunder will inure to the benefit of, and be
      enforceable by, Executive’s personal or legal representatives, executors,
      administrators, successors, heirs, distributees, devisees and
      legatees.

     

    8. Notices.

     

    (a) General.
      Notices
      and all other communications contemplated by this Agreement will be in writing
      and will 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 Executive, mailed notices will be addressed
      to
      Executive at the home address which Executive most recently communicated to
      the
      Company in writing. In the case of the Company, mailed notices will be addressed
      to its corporate headquarters, and all notices will be directed to the attention
      of its Secretary.

     

    (b) Notice
      of Termination.
      Any
      termination by the Company for Cause or by Executive as a result of Good Reason
      will be communicated by a notice of termination to the other party hereto given
      in accordance with this Section. Such notice will indicate the specific
      termination provision in this Agreement relied upon, will set forth in
      reasonable detail the facts and circumstances claimed to provide a basis for
      termination under the provision so indicated, and will specify the Termination
      Date (which will be not more than 30 days after the giving of such notice).
      The
      failure by Executive to provide the notice or to include in the notice any
      fact
      or circumstance which contributes to a showing of Good Reason will not waive
      any
      right of Executive hereunder or preclude Executive from asserting such fact
      or
      circumstance in enforcing his rights hereunder.

     

    9. Arbitration.

     

    (a) Any
      dispute or controversy arising out of, relating to, or in connection with this
      Agreement, or the interpretation, validity, construction, performance, breach,
      or termination thereof, will be settled by binding arbitration to be held in
      Santa Clara, California, in accordance with the National Rules for the
      Resolution of Employment Disputes then in effect of the American Arbitration
      Association (the “Rules”). The arbitrator may grant injunctions or other relief
      in such dispute or controversy. The decision of the arbitrator will be final,
      conclusive and binding on the parties to the arbitration. Judgment may be
      entered on the arbitrator’s decision in any court having
      jurisdiction.

     

    (b) The
      arbitrator(s) will apply California law to the merits of any dispute or claim,
      without reference to conflicts of law rules. The arbitration proceedings will
      be
      governed by federal arbitration law and by the Rules, without reference to
      state
      arbitration law. Executive hereby consents to the personal jurisdiction of
      the
      state and federal courts located in California for any action or proceeding
      arising from or relating to this Agreement or relating to any arbitration in
      which the parties are participants.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (c) Executive
      understands that nothing in this Section modifies Executive’s at-will employment
      status. Either Executive or the Company can terminate the employment
      relationship at any time, with or without Cause.

     

    (d) EXECUTIVE
      HAS READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EXECUTIVE
      UNDERSTANDS THAT SUBMITTING ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN
      CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION,
      PERFORMANCE, BREACH OR TERMINATION THEREOF TO BINDING ARBITRATION, CONSTITUTES
      A
      WAIVER OF EXECUTIVE’S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL
      DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EXECUTIVE RELATIONSHIP,
      INCLUDING BUT NOT LIMITED TO, THE FOLLOWING CLAIMS:

     

    (i) ANY
      AND
      ALL CLAIMS FOR WRONGFUL DISCHARGE OF EMPLOYMENT; BREACH OF CONTRACT, BOTH
      EXPRESS AND IMPLIED; BREACH OF THE COVENANT OF GOOD FAITH AND FAIR DEALING,
      BOTH
      EXPRESS AND IMPLIED; NEGLIGENT OR INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS;
      NEGLIGENT OR INTENTIONAL MISREPRESENTATION; NEGLIGENT OR INTENTIONAL
      INTERFERENCE WITH CONTRACT OR PROSPECTIVE ECONOMIC ADVANTAGE; AND
      DEFAMATION.

     

    (ii) ANY
      AND
      ALL CLAIMS FOR VIOLATION OF ANY FEDERAL STATE OR MUNICIPAL STATUTE, INCLUDING,
      BUT NOT LIMITED TO, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE CIVIL RIGHTS
      ACT OF 1991, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE AMERICANS
      WITH DISABILITIES ACT OF 1990, THE FAIR LABOR STANDARDS ACT, THE CALIFORNIA
      FAIR
      EMPLOYMENT AND HOUSING ACT, AND LABOR CODE SECTION 201, et
      seq;

     

    (iii) ANY
      AND
      ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO EMPLOYMENT
      OR EMPLOYMENT DISCRIMINATION.

     

    10. Miscellaneous
      Provisions.

     

    (a) Effect
      of Any Statutory Benefits.
      To the
      extent that any severance benefits are required to be paid to Executive upon
      termination of employment with the Company as a result of any requirement of
      law
      or any governmental entity in any applicable jurisdiction, the aggregate amount
      of severance benefits payable pursuant to Section 4 hereof will be reduced
      by
      such amount. 

     

    (b) No
      Duty to Mitigate.
      Executive will not be required to mitigate the amount of any payment
      contemplated by this Agreement, nor will any such payment be reduced by any
      earnings that Executive may receive from any other source.

     

    (c) Waiver.
      No
      provision of this Agreement may be modified, waived or discharged unless the
      modification, waiver or discharge is agreed to in writing and signed by
      Executive and by an authorized officer of the Company (other than Executive).
      No
      waiver by either party of any breach of, or of compliance with, any condition
      or
      provision of this Agreement by the other party will be considered a waiver
      of
      any other condition or provision or of the same condition or provision at
      another time.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (d) Integration.
      This
      Agreement and any outstanding agreements relating to Executive’s equity awards
      represent the entire agreement and understanding between the parties as to
      the
      subject matter herein and supersede all prior or contemporaneous agreements,
      whether written or oral, with respect to this Agreement and any stock option
      agreement or any restricted stock purchase agreement, provided,
      that,
      for clarification purposes, this Agreement will not affect any agreements
      between the Company and Executive regarding intellectual property matters or
      confidential information of the Company.

     

    (e) Choice
      of Law.
      The
      validity, interpretation, construction and performance of this Agreement will
      be
      governed by the internal substantive laws, but not the conflicts of law rules,
      of the State of California.

     

    (f) Severability.
      The
      invalidity or unenforceability of any provision or provisions of this Agreement
      will not affect the validity or enforceability of any other provision hereof,
      which will remain in full force and effect.

     

    (g) Tax
      Withholding.
      All
      payments made pursuant to this Agreement will be subject to withholding of
      applicable income, employment and other taxes.

     

    (h) Counterparts.
      This
      Agreement may be executed in counterparts, each of which will be deemed an
      original, but all of which together will constitute one and the same
      instrument.

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, each of the parties has executed this Agreement, in the case
      of
      the Company by its duly authorized officer, as of the day and year first above
      written.

     

    
      	 	 	 
	COMPANY: 	GENESIS MICROCHIP INC.
	 
 	 
 	 
 
	
            	By:  	/s/ Jeffrey Diamond
	 	
              Title: 
                

            	
              

              Chairman
                of the Board

            
	 	 	 
	 	
            	
            
	
              EXECUTIVE:

            	 	
              /s/
                Elias Antoun 

            
	 	 	
              

              Signature

            
	 	 	 
	 	 	Elias Antoun 
	 	 	
              
                

              

              Printed
                Name

            

    

     

    
      
        
        

      

      
        9

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