Document:

ex10_14.htm

Exhibit 10.14

 

December 17, 2009

Robert C. Bowen

3430 N. Mountain Ridge #2

Mesa, Arizona 85207

Re:         Retirement Agreement

Dear Bob:

 

As we have discussed, we have mutually agreed that you will be retiring from Scientific Learning Corporation (“Scientific Learning” or the “Company”) on December 31, 2009. This letter sets forth the substance of the agreement between you and the Company relating to your retirement.  You will only receive the benefits described in Paragraphs 3 and 4 below if you sign and return this Agreement to Scientific Learning within the time set forth in paragraph 9 below.

 

1.           Separation.  As we have discussed, your last day of employment with Scientific Learning will be December 31, 2009 (the “Separation Date”). Your Employment Agreement with the Company, as amended, and all obligations of you and the Company under such Agreement, will terminate as of the Separation Date.

 

2.           Accrued Salary, Paid Time Off.  On the Separation Date, Scientific Learning will pay you all accrued salary, and all accrued and unused Paid Time Off earned through the Separation Date, subject to standard payroll deductions and withholdings.

 

3.           Benefits and Insurance.  To the extent permitted by the federal COBRA law and the insurance policies and rules applicable to Scientific Learning, you will be eligible to continue the medical insurance benefits for yourself and your spouse. On or about your Separation Date, Scientific Learning will provide you under separate cover a COBRA notice setting forth your rights and responsibilities with regard to COBRA coverage.

 

If you sign this Separation Agreement, the Company will reimburse you for reasonable medical insurance costs for you and your spouse for a period of five (5) years, starting January 1, 2010 and ending December 31, 2014.  Reasonable medical insurance costs means the cost of a medical insurance plan that supplements the coverage available to you and your spouse from any available federal and/or state government source (e.g., Medicare of its successor) so that such coverage collectively approximates, to the extent reasonable, the scope of coverage and out of pocket expenditures available to you under the medical insurance benefits at Scientific Learning on December 31, 2009.  You agree to provide Scientific Learning with all documentation/invoices/receipts regarding the cost of such supplemental medical insurance. If you predecease your spouse, Scientific Learning will continue reimburse the same costs for your spouse only for the same time period.

 

4.           Consulting Agreement.  You and the Company have agreed to enter into a Consulting Agreement for the period of January 1, 2010 through December 31, 2010, in the form attached hereto as Exhibit A (the “Consulting Agreement”). Your service under this Consulting Agreement will constitute Continued Service for purposes of all outstanding and unexercised employee stock options from the Company that you presently hold.

 

5.           No Other Compensation or Benefits.  Other than the medical benefits cost reimbursement and Consulting Agreement specified in Paragraphs 3 and 4, you will receive no other wages, insurances, bonuses, vacation pay, benefits, or other monies or benefits from Scientific Learning at any time, and you agree that you are entitled to no other wages, benefits, insurances, bonuses, vacation pay or other monies of any nature from Scientific Learning.  If you do not enter into the Consulting Agreement, then you will have 90 days from your Separation Date to exercise any vested options.

  

1.

  

6.           Return of Scientific Learning Property.  If you and the Company do not enter into the Consulting Agreement, you agree to return to Scientific Learning all Scientific Learning documents (and all copies thereof) and other Scientific Learning property which you have had in your possession at any time, including, but not limited to, Scientific Learning files, notes, records, business plans and forecasts, financial information, specifications, computer-recorded information, tangible property (including, but not limited to, computers, pagers or cell phones), credit cards, entry cards, identification badges and keys, and any materials of any kind which contain or embody any proprietary or confidential information of Scientific Learning (and all reproductions thereof) within fifteen (15) days after the Separation Date, provided that so long as you remain a member of the Board of Directors, you shall be entitled to retain any Company documents reasonably necessary for the exercise of your responsibilities as a Board member.  If you and the Company do not enter into the Consulting Agreement, then the obligation under the first sentence of this Section 6 shall become effective within fifteen (15) days after the Separation Date

 

7.           Proprietary Information Obligations.  After your employment you will refrain from any use or disclosure of the Company’s proprietary or confidential information or materials, except as may be necessary and appropriate in the course of your providing services under the Consulting Agreement.  In addition, you acknowledge your continuing obligations under your Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit B.

 

8.           Release.  You hereby generally and completely release Scientific Learning, and its respective directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, ERISA plans, current and former trustees and administrators of ERISA plans, affiliates, and assigns (“Released Parties”) from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to your signing this Agreement.  This general release includes, but is not limited to: (1) all claims arising out of or in any way related to your employment with the Company or the termination of that employment; (2) all claims related to your compensation or benefits from the Company or the Released Parties, including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company or the Released Parties; (3) all claims for breach of contract, wrongful termination and breach of the implied covenant of good faith and fair dealing; (4) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (5) all federal, state, and local statutory claims, including claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 and 1991 (as amended), the Arizona Civil Rights Act (Ariz. Rev. Stat. § 41.1401 et. seq.) and the California Fair Employment and Housing Act (“FEHA”), as amended (each which may include claims for age, race, color, ancestry, national origin, disability, medical condition, marital status, sexual orientation, gender, gender identity, religious creed, pregnancy, sex discrimination and harassment); the federal Age Discrimination in Employment Act of 1967 (as amended) (“ADEA”); the Employee Retirement Income and Securities Act (“ERISA”); the Family and Medical Leave Act ("FMLA"); the California Family Rights Act ("CFRA"); the federal Americans with Disabilities Act of 1990 ("ADA"); the Equal Pay Act, of 1963, as amended, and Arizona’s Equal Pay Law (Ariz. Rev. Stat. § 23-341); California Business and Professions Code 17200; any and all protections pursuant to California’s Labor Code, statutes, or orders, Arizona’s labor code/laws/regulations/orders, or the Fair Labor Standards Act (“FLSA”)(with the sole exclusions to any workers’ compensation claim and any claims for unemployment insurance); any wage and hour law (including any claim for waiting-time penalties or liquidated damages); privacy rights; whistleblower protections; and constitutional protections.

  

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9.           ADEA Waiver.  You hereby acknowledge that you are knowingly and voluntarily waiving and releasing any rights you may have under the ADEA.  You also acknowledge that the consideration given for the foregoing waiver is in addition to anything of value to which you were already entitled.  You have been advised by this writing, as required by the ADEA that: (a) your waiver and release do not apply to any claims that may arise after your signing of this Agreement; (b) you should consult with an attorney prior to executing this release; (c) you have twenty-one (21) days within which to consider this release (although you may choose to voluntarily execute this release earlier); (d) you have seven (7) days following your execution of this Agreement to revoke the Agreement; and (e) this Agreement will not be effective until the eighth day after this Agreement has been signed by you (“Effective Date”).

 

10.        Acknowledgement of Release.  YOU UNDERSTAND THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.  You acknowledge that you have read and understand Section 1542 of the California Civil Code 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.”  You hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to your release of any unknown or unsuspected claims you may have against Scientific Learning, its affiliates, and the entities and persons released herein.

 

11.        Your Assistance in Dismissing Administrative Claims.  You acknowledge and warrant that there are no claims or actions currently filed or pending relating to the subject matter of the Agreement.  You hereby request all administrative agencies having jurisdiction over employment and labor law matters and courts to honor your release of claims under this Agreement.  Should Scientific Learning ever request you to execute any administrative dismissal forms, you shall immediately execute the form and return it to Scientific Learning.  Should you file any claim or action relating to the subject matter of this Agreement, such filing shall be considered an intentional breach of the Agreement and you will be subject to all damages available under law and equity, including without limitation, the amount of severance paid hereunder.

 

12.        Certification of No Work-Related Injuries.  You agree, warrant and covenant that you have not experienced or suffered any work-related occupational injuries or diseases (physical, mental or otherwise) arising out of or in the course of your employment with Scientific Learning.  You further certify that you have not failed to report any work-related occupational injuries or diseases arising out of or in the course of your employment with Scientific Learning.

 

13.        Non-Admission of Liability.  This Agreement shall not be construed to be an admission of any liability to you or to any other person.

 

14.        Voluntary Agreement and Representation of Understanding.  You represent that you have thoroughly read and considered all aspects of this agreement that you understand all its provisions and that you are voluntarily entering into said agreement.  You also represent that you have been advised of your right to consult with an attorney before signing this agreement and that you have consulted with an attorney or voluntarily chosen not to do so.

 

15.        Miscellaneous.  This Agreement constitutes the complete, final and exclusive embodiment of the entire agreement between you and Scientific Learning with regard to this subject matter.  It is entered into without reliance on any promise or representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations.  This Agreement may not be modified or amended except in a writing signed by both you and a duly authorized officer of Scientific Learning.  This Agreement shall bind the heirs, personal representatives, successors and assigns of both you and Scientific Learning, and inure to the benefit of both you and Scientific Learning, their heirs, successors and assigns. If any provision of this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement and the provision in question shall be modified by the court so as to be rendered enforceable.  This Agreement shall be deemed to have been entered into and shall be construed and enforced in accordance with the laws of the State of California as applied to contracts made and to be performed entirely within California.

  

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If this Agreement is acceptable to you, please sign and return to me.  Thank you for your many contributions to Scientific Learning.

Sincerely,

/s/ Andy Myers

Andy Myers

Chief Executive Officer

Agreed And Accepted:

By signing this letter, I acknowledge that I have had the opportunity to review this Agreement carefully with an attorney of my choice or have voluntarily chosen not to do so, that I understand the terms of the Agreement, and that I voluntarily agree to them.

 

	
/s/ Robert C. Bowen

	  	
12/22/2009

	 
	
Robert C. Bowen

	  	
Date

	 

Exhibit A – Scientific Learning Independent Contractor Agreement

Exhibit B – Proprietary Information and Inventions Agreement

 

 

Page 4 of 4ex10_15.htm

Exhibit 10.15

 

INDEPENDENT CONTRACTOR AGREEMENT

 

This Agreement is between Scientific Learning Corporation ("SLC") and Robert C. Bowen ("Contractor"), dated as of January 1, 2010.

	
1.

	
Engagement of Services.

	
  

	
a.

	
SLC hereby engages Contractor, and Contractor hereby agrees, to render the services (the ‘’Services”) described in the Project Descriptions.  The first Project Description is signed by both parties and attached to this Agreement.  SLC and Contractor may amend the initial Project Description or add additional Services by having both parties sign a new Project Description referring to this Agreement.

	
  

	
b.

	
The manner and means by which Contractor renders the Services are in Contractor's discretion and control.  Contractor agrees to exercise the highest degree of professionalism, to perform the Services to applicable industry standards, and to utilize Contractor’s expertise and creative talents in performing the Services.

	
  

	
c.

	
Contractor agrees at Contractor’s own expense to provide Contractor’s own facilities, equipment, tools and other materials to use in performing the Services, except that SLC will make its facilities and equipment available to Contractor as SLC and Contractor may agree.  Contractor agrees not to use the facilities, equipment, tools or other materials of any third parties or to subcontract or otherwise delegate Contractor’s obligations in connection with this Agreement without SLC’s prior written consent.

	
2.

	
Compensation.  SLC will pay Contractor a fee for services rendered under this Agreement as set forth in the Project Descriptions.  Contractor will be reimbursed for expenses only as set forth in the Project Descriptions.  Except as provided in the applicable project description, SLC will pay Contractor for services and will reimburse Contractor for approved expenses within thirty (30) days of the date of Contractor's invoice.  Invoices will meet all detail requirements stated in the applicable Project Description.

	
3.

	
Independent Consultant Relationship. Contractor's relationship with SLC will be that of an independent consultant and nothing in this Agreement should be construed to create a partnership, joint venture, or employer-employee relationship.  Contractor is not an agent of SLC and is not authorized to make any representation or commitment on behalf of SLC.  Contractor will not be entitled to any of the benefits that SLC may make available to its employees, such as workers’ compensation, unemployment, disability, other group insurance, profit sharing or retirement benefits.  Contractor will be solely responsible for all tax returns and payments required to be filed with or made to any tax authority with respect to Contractor's performance of services and receipt of fees under this Agreement.  Contractor must provide SLC with a properly completed Form W-9 before any fee can be paid to Contractor

	
4.

	
Confidential Information; Intellectual Property Rights.

	
  

	
a.

	
Confidential Information.  Contractor agrees to keep SLC Confidential Information confidential, not to use SLC Confidential Information except for the purposes of providing Services to SLC, not to disclose any SLC Confidential Information to any third party without first obtaining SLC's express written consent, and to take reasonable precautions to prevent the unauthorized use or disclosure of SLC Confidential Information.  “SLC Confidential Information” means any information that relates to SLC which SLC has not made publicly available, including without limitation, marketing, sales or business strategy plans or information; product plans; financial statements, budgets or other financial information; trade secrets, inventions, developments, designs, discoveries, computer programs, processes, know-how, or other research results or strategies; or license, cost, price, supplier, customer, employee or investor information.  SLC Confidential Information may be in oral, written, graphic or electronic form.  For purposes of this Agreement, SLC Confidential Information includes any information of a third party which SLC has in its possession under obligations of confidentiality.  SLC Confidential Information does not include any information that (1) has been published or is otherwise readily available to the public other than by a breach of this Agreement; (2) was rightfully received by Contractor from a third party without confidential limitations; (3) was independently developed for Contractor by persons having no access to SLC Confidential Information; or (4) was known to Contractor prior to its first receipt from SLC, as shown by Contractor’s written records.

  

Page 1 of 5

  

	
  

	
b.

	
Assignment of Work Product to SLC.  SLC shall own, and Contractor irrevocably assigns to SLC, all right, title and interest worldwide in and to any and all SLC Work Product.  “SLC Work Product” is Work Product which Contractor, alone or with others, conceives, discovers, develops, makes or reduces to practice in the course of performing the Services.  “Work Product” includes any invention, discovery, design, development, process, technique, know-how, improvement, formula, idea or trade secret; any computer program or software, book, article, artwork, other written or graphic material or other work of authorship; or any data or compilation of data.  Contractor’s assignment includes all intellectual property rights to any SLC Work Product, including copyrights, trademarks, trade secrets, patents, moral rights, contract and licensing rights.  Contractor retains no rights to use the SLC Work Product and agrees not to challenge the validity of SLC's ownership of the SLC Work Product.  Contractor agrees to disclose all SLC Work Product promptly in writing to SLC.

 

	
  

	
c.

	
Waiver of Assignment of Other Rights.  If Contractor has any rights to the SLC Work Product that cannot be assigned to SLC, Contractor unconditionally and irrevocably waives the enforcement of such rights against SLC, and agrees, at SLC's request and expense, to consent to and join in any action to enforce such rights.  If Contractor has any right to the SLC Work Product that cannot be assigned to SLC or waived by Contractor, Contractor unconditionally and irrevocably grants to SLC during the term of such rights, an exclusive, irrevocable, perpetual, worldwide, paid up and royalty-free license, with rights to sublicense through multiple levels of sublicensees, to make, use, reproduce, create derivative works of, distribute, publicly perform and publicly display by all means now known or later developed, under such rights.

 

	
  

	
d.

	
Background Technology.  If Contractor intends to use any technology or inventions that are already in existence and do not belong to SLC (“Background Technology”) in performing the Services, Contractor must attach a written description of that technology to this Agreement.  Contractor (1) represents that Contractor has the right to incorporate any Background Technology that is incorporated into the SLC Work Product without incurring any obligations to or violating any rights of third parties; and (2) hereby grants SLC a non-exclusive, irrevocable, perpetual, worldwide, paid up and royalty-free license, with rights to sublicense through multiple levels of sublicensees, to make, use, sell, reproduce, create derivative works of, distribute, publicly perform and publicly display by all means now known or later developed any Background Technology incorporated or used in the SLC Work Product for the purpose of developing and marketing SLC products.

	
  

	
e.

	
Assistance.  Contractor agrees to cooperate with SLC, both during and after the term of this Agreement, in the procurement, maintenance and enforcement of SLC's rights in SLC Work Product and to execute, when requested, any documents deemed necessary by SLC to the procurement, maintenance and enforcement of SLC's rights in SLC Work Product.  SLC shall compensate Contractor at a reasonable rate for the time actually spent by Contractor at SLC's request on such assistance.

	
  

	
f.

	
Employees of Contractor.  Any employee or consultant of Contractor who performs any part of the Services must sign a written agreement with Contractor individually agreeing to the provisions of Section 4 for the benefit of Contractor prior to performing any part of the Services.

	
5.

	
Contractor Representations and Warranties.  Contractor hereby represents and warrants that:

	
  

	
a.

	
SLC Work Product will be an original work of Contractor and will not infringe the intellectual property rights of third parties;

	
  

	
b.

	
Contractor has full right and power to enter into and perform this Agreement without the consent of any third party;

	
  

	
c.

	
There is no other existing contract or duty on Contractor's part inconsistent or incompatible with this Agreement;

	
  

	
d.

	
Contractor will not perform work or enter into an obligation that is inconsistent or incompatible with Contractor's obligations under this Agreement or the scope of Services rendered for SLC; and

	
  

	
e.

	
Contractor will not disclose to SLC, bring onto SLC's premises, or induce SLC to use any confidential information that belongs to anyone other than SLC or Contractor.

  

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6 

	
Termination.

	
  

	
a.

	
Termination.  Either SLC or Contractor may terminate this Agreement or any Project Description at its convenience and without any breach by the other party upon ninety (90) days' prior written notice to the other party.

	
  

	
b.

	
Noninterference with Business.  During and for a period of two (2) years immediately following termination of this Agreement by either party, Contractor agrees not to solicit or induce any employee or independent contractor to terminate or breach an employment, contractual or other relationship with SLC.

	
  

	
c.

	
Return of SLC Property.  Upon termination of the Agreement or earlier as requested by SLC, Contractor will deliver to SLC any and all drawings, notes, specifications, devices, and other documents and materials related to the Services, together with all copies thereof, and any other material containing any SLC Proprietary Information or SLC Work Product or SLC Proprietary Information, provided that so long as you remain a member of the SLC Board of Directors, you shall be entitled to retain any SLC documents reasonably necessary for the exercise of your responsibilities as a Board member.

	
7 

	
General Provisions.

	
  

	
a.

	
Prior Relationships.  By signing this Agreement, Contractor agrees that Contractor has already been appropriately compensated for all work performed by Contractor for SLC prior to the date Contractor signs this Agreement (other than Services covered by this Agreement) and that all Work Product resulting from services previously performed by Contractor for SLC should be considered SLC Work Product, owned in all respects by SLC.

	
  

	
b.

	
Government Contracts.  If Contractor performs Services in connection with any government contract (including a contract with any school or school district) to which SLC is a party, Contractor agrees to abide by all laws and regulations relating to such contract and to all provisions of such contract applicable to subcontractors.  To the extent that any such law, rule, or provision requires that a clause be included in this Agreement, Contractor agrees that such provision or clause shall be added to this Agreement and the same shall then become a part of this Agreement.

	
  

	
c.

	
No Assignment.  This Agreement may not be assigned by Contractor without SLC's consent, and any such attempted assignment shall be void and of no effect.

	
  

	
d.

	
Entire Agreement.  This Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter hereof and supersedes and merges all prior discussions between us.  No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing and signed by the party to be charged.  Effective as of the date of this Agreement, the terms of this Agreement will govern all Project Descriptions and services undertaken by Contractor for SLC.

	
  

	
e.

	
Survival.  The following provisions shall survive termination of this Agreement:  Section 4, Section 5 and Section 6.

	
  

	
f.

	
Waiver.  No waiver by SLC of any breach of this Agreement shall be a waiver of any preceding or succeeding breach.  No waiver by SLC of any right under this Agreement shall be construed as a waiver of any other right.  SLC shall not be required to give notice to enforce strict adherence to all terms of this Agreement.

	
  

	
g.

	
Severability.  In case any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein.  If moreover, any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent compatible with the applicable law as it shall then appear.

  

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h.

	
Governing Law.  This Agreement will be governed and construed in accordance with the laws of the State of California as applied to transactions taking place wholly within California between California residents.  Contractor hereby expressly consents to the personal jurisdiction of the state and federal courts located in San Francisco, California for actions arising from or related to this Agreement.

	
  

	
i.

	
Arbitration.  All disputes arising out of or relating to this Agreement or a breach of this Agreement that cannot be settled amicably will be resolved by arbitration before one neutral arbitrator (who shall be an attorney at law familiar with the computer industry) in San Francisco and administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules.  Any provisional or equitable remedy that would be available from a court of law will be available from the arbitrator.  Judgment upon the award of the arbitrator may be enforced in any court having jurisdiction thereof.

	
  

	
j.

	
Legal Fees.  If any dispute arises between the parties with respect to the matters covered by this Agreement which leads to a proceeding to resolve such dispute, the prevailing party in such proceeding shall be entitled to receive its reasonable attorneys' fees, expert witness fees and out-of-pocket costs incurred in connection with such proceeding, in addition to any other relief it may be awarded.

	
  

	
k.

	
Injunctive Relief.  A breach of any of the terms of Section 4 or Section 6b of this Agreement may result in irreparable and continuing damage to SLC for which there may be no adequate remedy at law, and SLC is therefore entitled to seek injunctive relief as well as such other and further relief as may be appropriate.

In Witness Whereof, the parties have caused this Independent Contractor Agreement to be executed by their duly authorized representative(s).

	
SCIENTIFIC LEARNING CORPORATION

	  	
ROBERT C. BOWEN

	  	  	  	  	  
	
By:

	
 /s/ D. Andrew Myers

	  	
By:

	
 /s/ Robert C. Bowen

	  	  	  	  	  
	
Name (print):

	
D. Andrew Myers

	  	
Name (print):

	
Robert C. Bowen

	  	  	  	  	  
	
Address:

	
300 Frank H. Ogawa Plaza, Suite 600

	  	
Address:

	
6930 E. Flatiron Court

	  	  	  	  	  
	  	
Oakland, California 94612-2040

	  	  	
Superstition Mountain, Arizona 85218

  

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Project Description

Services to be performed:

	
(1)

	
Assist David Myers and the SLC sales organization with key relationships and business development in the K-12 market, on projects assigned in the manner directed by Mr. Myers and accepted by Contractor

	
(2)

	
Assist with other projects requested by the SLC CEO and accepted by Contractor.

In both cases, the services will be performed on a schedule mutually agreed by Contractor and SLC.

Time Period during which Services will be performed:

The term of this Project Description will begin January 1, 2010 and end December 31, 2010.  If neither party has notified the other that it wishes not to renew this Project Description by September 30 of any year during the term, the term of the Project Description shall be extended for another calendar year, subject to the termination provisions of section 6a of the Agreement.

Fees for Services:

Fee will be a rate per day of $1,500.

Invoicing Requirements:

Contractor’s invoices shall state the dates on which Services were performed and a description of the services provided on each such date.

Expenses:

SLc will reimburse Contractor for reasonable travel expenses incurred in connection with the performance of services under this Agreement provided that Contractor has obtained prior approval from Contractor’s principal SLc contact and submits verification of such expenses as SLc may require.

Prior Equity Grants:

The provision of services to SLC by Contractor under this Project Description shall constitute continued service to SLC for the purposes of any Company equity awards previously granted to Contractor in Contractor’s capacity as an employee of the Company.  Upon the expiration or earlier termination of this Project Description, Contractor’s continued service to SLC shall end for all purposes relating to Company equity awards previously granted to Contractor in Contractor’s capacity as an employee of the Company, unless Contractor and SLC enter into a subsequent written agreement to the contrary.  This provision shall not impact any equity awards granted to Contractor in his capacity as a non-employee member of the Board of Directors.

Note:    This Project Description is governed by the terms of the Independent Contractor Agreement between SLC and Contractor, dated as of January 1, 2010.

	
Scientific Learning Corporation

	  	
Robert C. Bowen

	  	  	  	  	  
	
By:

	
/s/ D. Andrew Myers

	  	
By:

	
 /s/ Robert C. Bowen

	  	
(Signature)

	  	  	
(Signature)

	  	  	  	  	  
	
Name (print):

	
D. Andrew Myers

	  	
Name (print):

	
Robert C. Bowen

	  	  	  	  	  
	
Dated:

	
12/22/09

	  	
Dated:

	
12/22/2009

 

 

Page 5 of 5

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