Document:

Time Sharing Agreement

 Exhibit 10.1 
 TIME SHARING AGREEMENT 
 This Agreement is made, as of December 7,
2009, by and between Crane Co., a corporation incorporated under the laws of the State of Delaware, with principal offices at 100 First Stamford Place, Stamford, Connecticut (“Lessor”), and R.S. Evans, an individual, with his
residence at 114 Glenwood Drive, Greenwich, Connecticut (“Lessee”); 
 RECITALS 
 WHEREAS, Lessor is the owner of that certain civil Aircraft bearing the United States Registration Number N300CR and Manufacturer’s
Serial Number 1401, and of the type Gulfstream G-IV (“Aircraft”); 
 WHEREAS, Lessor employs a fully qualified
flight crew to operate the Aircraft; and 
 WHEREAS, Lessor and Lessee desire to lease said Aircraft and flight crew on a time
sharing basis as defined in Section 91.501(c)(1) of the Federal Aviation Regulations “FARs”). 
 The parties
agree as follows: 
 1. Lessor agrees to lease the Aircraft to Lessee pursuant to the provisions of FAR 91.501
(c) (1) and to provide a fully qualified flight crew for all operations pursuant to this Agreement. This Agreement shall commence on the date that it is signed and continue for one (1) year after said date. Thereafter, this Agreement
shall be automatically renewed on a month to month basis, unless sooner terminated by either party as hereinafter provided. Either party may at any time terminate this Agreement upon thirty (30) days written notice to the other party, delivered
personally or by certified mail, return receipt requested, at the address for said other party as set forth above. 
 2.
Effective January 1, 2009, Lessee shall pay Lessor for each flight conducted under this Agreement an amount equal to the sum of the following actual expenses of each specific flight as authorized by FAR Part 91.501(d): 

	 	

	 	(a)	Fuel, oil, lubricants, and other additives; 

	 	(b)	Travel expenses of the crew, including food, lodging and ground transportation; 

	 	(c)	Hangar and tie down costs away from the Aircraft’s base of operation; 

	 	(d)	Insurance obtained for the specific flight; 

	 	(e)	Landing fees, airport taxes and similar assessments including, but not limited to IRC Section 4261 and related excise taxes; 

	 	(f)	Customs, foreign permit, and similar fees directly related to the flight; 

	 	(g)	In-flight food and beverages; 

	 	(h)	Passenger ground transportation; and 

	 	(i)	Flight planning and weather contract services. 

  

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 3. Lessor will pay all expenses related to the operation of the Aircraft when incurred, and
will provide an invoice and bill Lessee for the expenses enumerated in paragraph 2 above by the last day of the month following the month in which any flight or flights for the account of Lessee occur. Lessee shall pay Lessor for said expenses
within fifteen days of receipt of the invoice and bill therefor. 
 4. Lessee will provide Lessor with requests for flight time
and proposed flight schedules as far in advance of any given flight as possible, and in any case, at least forty-eight hours in advance of Lessee’s planned departure. Requests for flight time shall be in a form, whether written or oral,
mutually convenient to, and agreed upon by the parties. In addition to the proposed schedules and flight times Lessee shall provide at least the following information for each proposed flight at some time prior to scheduled departure as required by
the Lessor or Lessor’s flight crew: 
  

	 	(a)	proposed departure point; 

	 	(b)	destination; 

	 	(c)	date and time of flight; 

	 	(d)	the number of anticipated passengers; 

	 	(e)	the nature and extent of luggage and/or cargo to be carried; 

	 	(f)	the date and time of return flight, if any; and 

	 	(g)	any other information concerning the proposed flight that may be pertinent or required by Lessor or Lessor’s flight crew. 

 5. Lessor shall have final authority over the scheduling of the Aircraft, provided, however, that Lessor will use its best efforts to
accommodate Lessee’s needs and to avoid conflicts in scheduling. 
 6. Lessor shall be solely responsible for securing
maintenance, preventive maintenance and required or otherwise necessary inspections of the Aircraft, and shall take such requirements into account in scheduling the Aircraft. No period of maintenance, preventative maintenance or inspection shall be
delayed or postponed for the purpose of scheduling the Aircraft, unless said maintenance or inspection can be safely conducted at a later time in compliance with all applicable laws and regulations, and within the sound discretion of the pilot in
command. The pilot in command shall have final and complete authority to cancel any flight for any reason or condition which in his judgement would compromise the safety of the flight. 
 7. Lessor shall employ, pay for and provide to Lessee a qualified flight crew for each flight undertaken under this Agreement. 

8. In accordance with applicable Federal Aviation Regulations, the qualified flight crew provided by Lessor will exercise all of its
duties and responsibilities in regard to the safety

  

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of each flight conducted hereunder. Lessee specifically agrees that the flight crew, in its sole discretion, may terminate any flight, refuse to commence any flight, or take other action which in
the considered judgement of the pilot in command is necessitated by considerations of safety. No such action of the pilot in command shall create or support any liability for loss, injury, damage or delay to Lessee or any other person. The parties
further agree that Lessor shall not be liable for delay or failure to furnish the Aircraft and crew pursuant to this Agreement when such failure is caused by government regulation or authority, mechanical difficulty, war, civil commotion, strikes or
labor disputes, weather conditions, or acts of God. 
 9. Lessor will provide such additional insurance coverage as Lessee shall
request or require, provided, however, that the cost of such additional insurance shall be borne by Lessee as set forth in paragraph 2(d) hereof. At all times during the term of this Lease, Lessor shall cause to be carried and maintained, at
Lessor’s cost and expense, physical damage insurance with respect to the Aircraft in an amount no less than the amount set forth below: 
  

						
	 Aircraft Physical Damage
 (No Deductible While
 In Motion or Not In Motion)
	  	$	11,000,000	  	

 At all times during the term of this Lease, Lessor shall also cause to be carried and maintained, at
Lessor’s cost and expense, third party aircraft liability insurance, passenger legal liability insurance, property damage liability insurance, and medical expense insurance in amounts no less than the amounts set forth below: 
  

						
	 Combined Liability Coverage for
 Bodily Injury and Property Damage
 Including Passengers -
 Each Occurrence
	  	$	500,000,000	  	
			
	 Medical Expense Coverage -
 Each Person
	  	$	 25,000	  	

 Lessor shall also bear the cost of paying any deductible amount on any policy of insurance in the
event of a claim or loss. 
 Any policies of insurance carried in accordance with this Lease: (i) shall name Lessee as an
additional insured; and (ii) shall contain a waiver by the underwriter thereof of any right of subrogation against Lessee; and (iii) shall provide that in respect of the interests of Lessee, such policies of insurance shall not be
invalidated by any action or inaction of Lessor or any other person and shall insure Lessee (subject to the limits of liability and war risk exclusion set forth in such policies) regardless of any breach or any violation of any warranty,
declarations or conditions contained in such policies by Lessor or any other person; and (iv) shall provide that if the insurers cancel insurance for any reason whatsoever, or the same is allowed to lapse for non- 
  

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 payment of premium, or if there is any material change in policy terms and conditions, such a cancellation,
lapse or change shall not be effective as to Lessee. Each liability policy shall be primary without right of contribution from any other insurance which is carried by Lessee or Lessor and shall expressly provide that all of the provisions thereof,
except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured. 
 Lessor shall submit this Lease for approval to the insurance carrier for each policy of insurance on the Aircraft. Lessor shall arrange for a Certificate of Insurance evidencing appropriate coverage as to the Aircraft and the satisfaction
of the requirements set forth above to be given by its insurance carriers to Lessor. 
 10. Lessee warrants that: 
 (a) He will use the Aircraft for and on account of his own business only, and will not use the Aircraft for the purpose of providing
transportation of passengers or cargo in air commerce for compensation or hire; 
 (b) he shall refrain from incurring any
mechanics or other lien in connection with inspection, preventative maintenance, maintenance or storage of the Aircraft, whether permissible or impermissible under this Agreement, nor shall there be any attempt by any party hereto to convey,
mortgage, assign, lease or any way alienate the Aircraft or create any kind of lien or security interest involving the Aircraft or do anything or take any action that might mature into such a lien; and 
 (c) during the term of this Agreement, he will abide by and conform to all such laws, governmental and airport orders, rules and regulations,
as shall from time to time be in effect relating in any way to the operation and use of the Aircraft by a timesharing Lessee. 
 11. For purposes of this Agreement, the permanent base of operation of the Aircraft shall be Hanger V, 154 Airport Road, White Plains, New York, 10604. 
 12. Neither this Agreement nor any party’s interest herein shall be assignable to any other party whatsoever. This Agreement shall inure to the benefit of and be binding upon the parties hereto,
their heirs, representatives and successors. 
  

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 13. TRUTH IN LEASING STATEMENT 
 THE AIRCRAFT, A Gulfstream G-IV, MANUFACTURER’S SERIAL NO. 1401, CURRENTLY REGISTERED WITH THE FEDERAL AVIATION
ADMINISTRATION AS N300CR, HAS BEEN MAINTAINED AND INSPECTED UNDER FAR PART 91 DURING THE 12 MONTH PERIOD PRECEDING THE DATE OF THIS LEASE. 
 THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED UNDER FAR PART 91 FOR OPERATIONS TO BE CONDUCTED UNDER THIS LEASE. DURING THE DURATION OF THIS LEASE, Crane Co., 100 First Stamford Place, Stamford,
Connecticut, IS CONSIDERED RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT UNDER THIS LEASE. 
 AN EXPLANATION OF
FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE. 
 THE “INSTRUCTIONS FOR COMPLIANCE WITH TRUTH IN LEASING REQUIREMENTS” ATTACHED HERETO ARE INCORPORATED HEREIN BY REFERENCE. 
 I, THE UNDERSIGNED Augustus I. duPont, AS VICE PRESIDENT, SECRETARY & GENERAL COUNSEL OF Crane Co., CERTIFY THAT Crane Co. IS
RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT AND THAT IT UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS. 
 IN WITNESS WHEREOF, the parties have executed this Agreement. 
  

									
		 		 		 	
				
	 /s/ Augustus I. duPont
	 		 		 	December 7, 2009 3:00 PM
	Augustus I. duPont         	 	V.P., Lessor	 		 		 	Date and Time of Execution
		 		 		 		 	
		 		 		 	
				
	 /s/ R.S. Evans
	 		 		 	December 7, 2009 3:00 PM
	R.S. Evans	 	Lessee	 		 		 	Date and Time of Execution
		 		 		 		 	

  

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 INSTRUCTIONS FOR COMPLIANCE WITH “TRUTH IN LEASING” 
 REQUIREMENTS 
  

	 	1.	Mail a copy of the lease to the following address via certified mail, return receipt requested, immediately upon execution of the lease (14 C.F.R. 91.23 requires that
the copy be sent within twenty-four hours after it is signed): 

 Federal Aviation Administration

 Aircraft Registration Branch 
 ATTN: Technical Section 
 P.O. Box 25724 
 Oklahoma City, Oklahoma 73125 
  

	 	2.	Telephone the nearest Flight Standards District Office at least forty-eight hours prior to the first flight under this lease. 

  

	 	3.	Carry a copy of the lease in the aircraft at all times. 

  

 -6-Employment Letter

 Exhibit 10.45 

 

 

 October 24th, 2008 
 Mr. Bernard J. Cassidy 
 (address redacted) 
 Dear Barney, 
 I am pleased to offer you a position with Tessera, Inc., as
Senior Vice President and General Counsel, reporting to me. If you decide to join us, you will receive an annual salary of $275,000, which will be paid in accordance with the Company’s normal payroll procedures. You will also be
eligible to receive a MBO bonus of 50% with a maximum potential up to 80% of your base salary paid on an annual basis. This bonus is based on objectives set forth and mutually agreed upon by you and me. We will also provide you with a $25,000 sign
on bonus. The sign on bonus will be payable within one week of your start date and is contingent upon your continuous employment with Tessera. 
 As an employee, you are also eligible to receive certain employee benefits including Group medical and dental benefits, 401(k) plan as well as other Tessera sponsored benefits. You should note that
the Company reserves the right to modify salaries and benefits from time to time as it deems necessary. 
 In addition, if you
decide to join us, it will be recommended at the first meeting of the Company’s Board of Directors following your start date that the Company grant you an option to purchase 150,000 shares of the Company’s Common Stock at a price per share
equal to the fair market value per share of the Common Stock on the date of grant, as determined by the Company’s Board of Directors. This option grant shall be subject to the terms and conditions of the Company’s Stock Option Plan and
Stock Option Agreement, including vesting requirements. 
 It will also be recommended at the first meeting of the
Company’s Board of Directors following your start date that the Company will provide you a grant of 20,000 shares of the Company’s Restricted Stock at no cost, vesting over a four year period. 

 The Change in Control Severance Agreement to be executed by you and the Company will provide
for severance compensation in certain circumstances a copy of this agreement is attached and provides detail on the terms of the agreement. 
 The Company is excited about your joining and looks forward to a beneficial and fruitful relationship. Nevertheless, you should be aware that your employment with the Company is for no specified period
and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or
without notice. We request that, in the event of resignation, you give the Company at least two weeks notice. 
 The Company
reserves the right to request an investigative consumer report, which may include background investigations and/or reference checks, on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a report, if
any. 
 For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your
identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 
 We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that
may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you
represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which
the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential
information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information. 
 As a Company employee, you will be expected to abide by company rules and standards. You will be specifically required to sign an
acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in the Company Handbook. As a condition of your employment, you will also be required to sign and comply with an Employment,
Confidential Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and non-disclosure of proprietary
information. The Agreement also provides that in the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that all such disputes shall be fully and finally resolved by binding
arbitration. 

 To indicate your acceptance of the Company’s offer, please sign and
date this letter in the space provided below. A duplicate original is enclosed for your records. If you accept our offer, you will start your employment on a date to be determined and agreed to by us both. This letter, along with any agreements
relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter, including, but not limited to, its
at-will employment provision, may not be modified or amended except by a written agreement signed by the Company President and you. Please sign and return this letter by Friday, October 31st, 2008. This offer of employment will terminate if it is not accepted, signed and returned by that
date. 
 Barney, we look forward to your favorable reply and to working with you at Tessera. 
 Sincerely, 
  

			
	 /s/ Henry R. Nothhaft
	 	
	Henry R. Nothhaft,	 	
	President & CEO	 	

 Agreed to and accepted: 
  

									
	Signature:	 	 /s/ Bernard J. Cassidy
	 		 	
				
	Printed Name:	 	Bernard J. Cassidy	 		 	Date: October 24, 2008

 Enclosures: 
 Duplicate Original Letter; Employment, Confidential Information, Invention Assignment and Arbitration Agreement; Change in Control Severance Agreement and
Post Offer Enrollment Form

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