Document:

exv10w1

Exhibit 10.1

RETIREMENT AND RELEASE AGREEMENT

This Retirement and Release Agreement (the “Agreement”) is executed this 22nd day of May, 2009 by
Christopher Scott Bolin (“Bolin”). For purposes of this Agreement,, unless otherwise indicated,
the term “the Company” or “McAfee” shall mean McAfee Inc., a Delaware Corporation, and its majority
owned direct and indirect subsidiaries.

	 	1.	 	I have decided to retire from my “at will” employment with the Company, effective 30
June, 2009. As consideration for my execution of this Agreement, I will serve in a
non-employee advisory role from 1 July, 2009, through 30 Sept, 2010, , to facilitate a
smooth transition from my role as the Executive Vice President and Chief Technology
Officer.
	 
	 	2.	 	a. In exchange for the payment and benefit described in Section 4 hereof and offered
to me by the Company, which I hereby acknowledge is above and beyond anything which the
Company is legally obligated to provide to me, I (on behalf of myself and my successors
and assigns) hereby release the Company and the officers, directors, employees,
stockholders, affiliates, subsidiaries and legal successors and assigns of the Company,
past and present, (“Released Parties”) from all claims, actions and causes of action,
whether now known or unknown, which I now have, or at any other time had, or shall or may
have against those Released Parties based upon, relating to or arising out of any matter,
cause, fact, thing, act or omission whatsoever occurring at any time up to and including
the date I sign this Agreement, including, but not limited to, any claims for breach of
express or implied contract, wages or benefits owed, covenants of fair dealing and good
faith, interference with contract, option grants, wrongful discharge or termination,
fraud, defamation, negligence, assault, battery, invasion of privacy, false imprisonment,
civil conspiracy, duress, promissory or equitable estoppel, violation of public policy,
retaliation, personal injury, breach of fiduciary duty, bad faith, infliction of emotional
distress and employment discrimination or harassment of any type or retaliation based on
any protected status (including, without limitation, national origin, race, age, sex,
sexual orientation, disability, workers’ compensation status, or other protected category)
or other discrimination, retaliation or harassment under Title VII of the Civil Rights Act
of 1964, the Civil Rights Act of 1991, the Civil Rights Acts of 1866 and 1871, the Family
and Medical Leave Act of 1993 (“FMLA”), the Age Discrimination In Employment Act of 1967,
the Americans With Disabilities Act, (“ADA”), the Employee Retirement Income Security Act
(“ERISA”), the Fair Labor Standards Act of 1938 (“FLSA”), the California Fair Employment
and Housing Act, or any amendments to any of the above, or any other applicable federal,
state or local law, statutes, regulations, ordinances, or other similar provisions and all
claims for monetary recovery, including, without limitation, attorneys’ fees, experts’
fees, medical fees or expenses, costs and disbursements and the like. I understand that
this waiver includes all rights under section 1542 of the Civil Code of the State of
California which provides: “A general release does not extend to claims which the
creditor does not know or suspect to exist in his favor at the time of executing the
release, which if known by him must have mate4rially affected his settlement with the
debtor.” I acknowledge that I consciously intend these consequences even as to claims for
damages that may exist as of the date this Agreement is executed that I do not know exist,
and which, if known, would materially affect my decision to execute this Agreement,
regardless of whether the lack of knowledge is the result of ignorance, oversight, error,
negligence or any other cause. I understand that this does not prohibit me from filing a
lawsuit or from challenging the enforcement of this Agreement under the Older Workers
Benefit Protection Act, nor does it prohibit me from filing a charge with or participating
in any investigation of the EEOC or comparable state or local agency. To the fullest
extent permitted by law, I agree that I will not file any lawsuit or other legal
proceeding to assert any such claims. I further agree that in the event for any reason my
release of claims contained herein as to any claims I might have or may have in the future
is

 

 

	 	 	 	deemed unenforceable or void, I agree that I shall neither claim nor be entitled to receive,
and hereby specifically waive, any benefit or proceeds arising out of such claim or
claims.

b. The parties acknowledge and agree that nothing in this Section 2 constitutes a
release or waiver of any rights I have to indemnification as an employee and /or
officer of the Company pursuant to any indemnification agreement, the Company’s
Articles of Incorporation or By-Laws , coverage under any applicable contract of
insurance , or applicable law.

c. Other than for any violation of existing obligations of confidentiality or
breaches of trust of which the Company is not aware, this Agreement acts to release
Bolin from any claims which the Company may have against him for actions prior to the
date of execution of this Agreement.

	3.	 	In exchange for the payments described in paragraph 4, which I acknowledge and agree
constitute good and sufficient consideration for the terms of this Agreement,, and in
exchange for the parties’ mutual agreement to resolve any disputes about the scope of
reasonable restrictions on my future activities that are necessary to protect the
Company’s confidential information and trade secrets, I agree to the following :

a. From the date of my retirement (30 June, 2009) through 30 September, 2010), I
will not knowingly participate (whether as an employee, consultant, proprietor,
shareholder, owner, partner, director or otherwise), in providing services, advice,
management, or other substantive assistance to a Competing Business worldwide,
where the Company does business and was engaged in doing business during my
employment. “Competing Business” means any person or entity that is engaged in a
line of business that would displace or compete with the business of the Company
including but not limited to the design, development, marketing, distribution, or
sale of network management software, hardware or anti-virus network security
software anywhere in the world.. Competing Businesses include but are not limited
to: Cisco Systems (security business unit only) , Computer Associates, Dr. Ahn’s,
Fortinet, Fsecure, Internet Security Systems, Intrusion Inc., Juniper, Panda, RSA,
Sophos, Sourcefire, Symantec, Tipping Point, Trend Micro, Kaspersky, Microsoft,
Big Fix, Utimaco, Checkpoint, GuardianEdge, PGP, WinMagic, Baracuda, Proofpoint,
Websense, Ciphertrust, BlueCoat, EMC (Tablus), Vericept, IBM (ISS), Qualys,
nCircle, Blindview, NetlQ, and SonicWall, or any successor entity thereof. Should
an opportunity present itself for me to perform work or a project for any
competitor described herein, I agree to submit a request in writing to the CEO of
McAfee, outlining in sufficient detail the name of the entity and subject matter of
the work or project planned, for the CEO to make a determination on whether to give
a limited waiver of the restrictions of this Section 3.a. . It is understood and
agreed that the granting or rejection of such a request for a limited waiver shall
be and is in the sole discretion of the CEO of McAfee.

b. For a period of two years following my termination of employment, I will not at
any time, directly or indirectly solicit, encourage, or induce any individual to
leave the employ of the Company, nor will I for any reason interfere in any other
manner with the employment relationships existing between McAfee and its
employees, nor will I directly or indirectly solicit any customers of McAfee to
cease or reduce their business with McAfee

c. For a period of two years following my termination of employment, I will not
hire or help any Competing Business hire, an employee who either was employed with
the Company while I worked there and who remains with the Company., or who resigns
from the Company during the six month period following my termination..

d. In the event I violate the restrictions in Paragraphs 3 b or c, above, and such
is the cause in whole or in part of one or more employees leaving the Company,
then I will

 

 

pay the Company a sum equal to one third of the total annual compensation of each
such person in the preceding year; provided this remedy shall only apply for the
loss of an individual employee(s) prior to the issuance of injunctive relief, it
being understood that the loss of an employee is irreparable in nature and the
liquidated damage payment is an incomplete remedy, and that injunctive relief to
prevent further violations is a better remedy.

e. I hereby agree that I will continue to abide by all confidentiality agreements I
have entered with the Company as well as the Employee Inventions and Proprietary
Rights Assignment Agreement. In addition I agree that during my continued
employment and for so long thereafter as it remains confidential information not
readily available to the public, I will keep confidential information and trade
secrets of the Company confidential. I agree that I will not use any such
information to pursue any business interests outside the Company. If I am required
to reveal confidential information I will cooperate in the Company’s efforts to
seek protective orders or other lawful protection against damage to its interest in
confidential information and trade secrets. I further agree that all inventions,
whether patentable or not, and all items of Intellectual Property made designed,
created or conceived by me (whether made , designed, created or conceived solely by
me or jointly with others) during my employment with the Company, are hereby
assigned to the Company, if not previously assigned.

f Due to my high level of involvement in the business planning and intellectual
property research and development efforts of the Company, I understand and agree that
for a one year period following the termination of my employment, I will immediately
notify the Company through written notice to its Chief Executive Officer and its
General Counsel of any Intellectual Property (other than articles or books which I may
write) made designed, created, or conceived by me either alone or in conjunction with
others, that involves or relates to the Company’s line of business. I agree that any
such Intellectual Property shall be presumed to be made, designed, created or
conceived through the use of the Company’s confidential information and trade secrets
or derived from the Company’s Intellectual Property, and therefore subject to my
assignment agreements with the Company. I hereby acknowledge and agree that I will
not write any articles or books related to my knowledge of McAfee and/or its
Intellectual Property without specific written permission. and hereby grant McAfee the
right to review such for the purpose of insuring any confidential and/or proprietary
information of McAfee is not included therein.

	 	4.	 	Provided that I sign this Agreement and return it to the Company to the attention of
the undersigned within the time frame provided, and providing I do not thereafter revoke
the releases or violate this Agreement or my continuing obligations to the Company, McAfee
and I agree to the following:

a. I will be permitted to continue in an employee status with all current
pay and benefits through June 30, 2009, including but not limited to normal stock
vesting.

b. Thereafter, I will serve in a non-employee advisory role for McAfee (from July
1, 2009 through September 30, 2010), advising on such matters as may specifically
be assigned to me by the Chief Executive Officer of the Company. During this period
I accept that I will have the same degree of duty of loyalty to the Company as I
had during my tenure as an employee. I will be obligated to not engage in any
activity that would create a conflict of interest or use my time and resources to
pursue any activity that would compete with or otherwise create a conflict of
interest with the Company.

c. Within 30 days of September 30, 2009, I will receive a lump sum payment of
$117,500 (less withholdings) as consideration for this Retirement and Release

 

 

Agreement, including but not limited to, the non-compete obligation in Section 3.a. above.

Upon signing this Agreement, I understand that I am not entitled to any compensation or
benefits from the Company other than as described in this Agreement. . In the event
that this Agreement is canceled or revoked, the Company shall have no obligation to
furnish the payments and benefits described herein.

	 	5.	 	By accepting the benefit and payment described herein, I agree:

a. That I will keep the terms of and sums paid under this Agreement confidential
and will not disclose such sums or the terms and contents of this Agreement or any
discussions between myself and the Company related to the Agreement or the
circumstances regarding the separation of my employment with McAfee, except as
required by law, or for tax, accounting or financial purposes. However, I
understand that I may discuss this Agreement with my attorney and immediate family
members. If a disclosure by me is required for an appropriate business, tax or
accounting purpose or is made by me to an immediate family member, I will
communicate the confidentiality provisions of this Agreement to any person to whom
such disclosure is made, and any further disclosure by such person to any
individual or entity shall be deemed a disclosure by me in violation of this
release.

b. That I understand and agree that I will make no disparaging comments or remarks
whatsoever pertaining to McAfee, its officers, directors, employees, business
practices, products or business, and that McAfee management likewise will make no
disparaging comments or remarks related to me and McAfee likewise will provide no
information to outside parties who may inquire about me or my performance of my
duties, other than to confirm the period encompassed by my at will employment with
the Company

c. That I will make no reply whatsoever to any third party who contacts me in
relation to McAfee other than to refer them to McAfee public relations department.
This restriction includes but is not limited to journalists, newspaper reporters,
analysts, market makers, or any person or persons similarly situated thereto.

d. I further understand and acknowledge that as an employee of McAfee in a highly
sensitive and important position with the Company, I am, and have been privy to and
a recipient of confidential and proprietary information as well as trade secrets of
McAfee. I acknowledge and specifically agree that I shall not use or disclose such
information in any way to any third party. Nothing in this Agreement supersedes
or renders the terms and conditions of the McAfee Employee Handbook void or
unenforceable, nor does it diminish the enforceability of any other agreements I
have with the Company. Any otherwise confidential information found to
legitimately and legally be in the public domain through no direct or indirect
action of my own, shall not be subject to the restrictions of this paragraph 5. d.

e. I agree to consult with McAfee, upon McAfee’s reasonable request, when, and as
is necessary, concerning any matters about which I may have knowledge arising from
my employment. I also agree to make myself available to give testimony, if
requested or required, if any dispute arises with respect to such issue. Nothing
in this paragraph is intended to require or suggest that, if called to testify, I
would testify other than truthfully. In the event such a request is made of me
after September 2010, McAfee agrees to pay the reasonable expenses incurred by me
in connection with my obligations under this paragraph. Should any such request of
the Company result in my being required to expend other than minor amounts of time
and effort in such consultation, I

 

 

will be entitled to submit reasonable costs for such time in advance of the time
being expended, for consideration by the Company.

f. That if I fail to comply with any of the provisions of this Agreement, the
Company shall be entitled, upon application to any court of competent jurisdiction,
to specific performance or injunction or other relief in order to enforce or
prevent violation of such provision or provisions. Nothing herein contained shall
be construed as prohibiting the company from pursuing any other remedies available
to it for such breach or threatened breach, including the recovery of damages from
me. In the event any action be instituted by McAfee to enforce any of the terms
and provisions contained herein, and McAfee is the prevailing party in such action,
McAfee shall be entitled to such reasonable attorneys’ fees, costs and expenses as
may be fixed by the court. Should McAfee fail to honor any of its obligations or
agreements as contained herein, thus requiring an action to be filed by me, and I
am the prevailing party in such an action, I will be entitled to seek to recover
such reasonable attorneys’ fees, costs and expenses as my be fixed by the court.

	 	6.	 	I acknowledge that I have carefully read and fully understand this Agreement and I have not
relied on any statement, written or oral, which is not set forth in this document. I have
consulted with an attorney of my own choosing before signing this Agreement, and understand
that I am giving up any legal claims I have or may have against the Company by signing this
Agreement and Release. I also understand that I have 21 days in which to consider signing this
Agreement, that I may revoke this Agreement within 7 days of signing it by providing written
notice to the Company and that the Agreement will not become effective until the eighth day
after I sign it without revocation (the “Effective Date”). I have had an adequate opportunity
to make whatever investigation or inquiry I deem necessary or desirable in connection with the
matters addressed in this Agreement. I understand the Company is not obligated to pay me the
payment described in paragraph 4 unless I execute and do not revoke my signature on this
Agreement. I further acknowledge that I am signing this Agreement knowingly, willingly and
voluntarily in exchange for the payment set forth in Section 4 above.
	 
	 	7.	 	I acknowledge that I have continuing obligations under any confidentiality and
assignment of inventions agreement I may have signed in favor of the Company or under
applicable law, which obligations will not be affected or impaired in any way by this
Agreement.
	 
	 	8.	 	I acknowledge that as a condition precedent to receiving the monthly payments
described in Section 4, following my termination of employment, I will return to the
Company, all Company property in my possession, including but not limited to, software,
equipment, documents, sales materials, or other company records, including any privileged
or confidential materials, computers or computer related equipment, internal
communications and data, parking cards, pass cards, access cards, keys, calling cards,
mobile phones, beepers, pagers, credit cards, computers, fax machines, copy machines,
personal digital assistants or any other equipment.
	 
	 	9.	 	I agree that this Agreement embodies the entire understanding between the Company and
me, other than my prior agreements related to maintenance of confidentiality and
assignment of inventions agreement, which remain in full force and effect, and agree that
this Agreement may not be modified or amended unless such modification or amendment is in
writing and is signed by me and by an authorized officer of McAfee, Inc.
	 
	 	10.	 	I agree that neither this Agreement nor the furnishing of the consideration for this
Agreement shall be deemed or construed at any time, for any purpose, an admission by the
Company of any liability or unlawful conduct of any kind.
	 
	 	11.	 	I agree that this Agreement shall not be assigned, pledged or transferred in any way
without the prior written consent of the Company.

 

 

	 	12.	 	Should any provision of this Agreement be declared illegal or unenforceable by any
court of competent jurisdiction and cannot be modified to be enforceable, excluding the
general release language, such provision shall immediately become null and void, leaving
the remainder of this Agreement in full and effect.
	 
	 	13, 	 	The parties agree that any and all legal claims arising from or relating to this
Agreement shall be resolved through an arbitration conducted in Portland, Oregon in
accordance with the Rules of the American Arbitration Association. Notwithstanding the
foregoing the Company shall have the right to pursue temporary or preliminary injunctive
relief in a court of law located in Portland Oregon to secure specific performance,
prevent violations, and avoid irreparable harm related to the Protective Covenants until
such time as an arbitration on the merits for any final relief can be conducted. I
consent to the exercise of personal jurisdiction over me by courts and /or arbitrators
located in Portland, Oregon, and waive any and all objections to same.
	 
	 	14.	 	Oregon law shall control the interpretation, application and enforcement of this
Agreement without regard to any conflicts of law, rules or principles of Oregon or any
other state law that may be to the contrary.
	 
	 	15.	 	The Parties expressly waive trial by jury.

	 	 	 
	ACCEPTED AND AGREED:
	 	 
	 
	 	 
	Employee Signature
	 	 
	 
	 	 
	 
	 	 
	/s/ Christopher Scott Bolin
 

	 	May 22, 2009 
	Christopher Scott Bolin

	 	Date
	 
	 	 
	McAfee Signature
	 	 
	 
	 	 
	 
	 	 
	/s/ Joseph Gabbert
 

	 	May 27, 2009 
	Joseph Gabbert

	 	Dateexv10w1

Exhibit 10.1

May 27, 2009

Blake Jorgensen

Dear Blake:

I am delighted to confirm our offer of employment and your acceptance to join LS&CO. as Executive
Vice President and Chief Financial Officer, reporting to me. Your start date is anticipated to be
on or before July 1, 2009. The details of our offer are as follows:

Work Location

	•	 	Your work location will be San Francisco, CA.

Salary

	•	 	Your starting salary will be $12,500.00 per week (approximately $650,000.00 per year).
The position is assigned to the Executive Band in the company’s compensation program.

Annual Incentive Plan

	•	 	Your target participation in the Annual Incentive Program (AIP) is 75% of your base salary,
with a 2009 target value of $487,500. Your award opportunity under this plan is up to 200% of
target value as determined by your individual performance and the performance of the company.
Your 2009 AIP award will not be prorated if your start date is on or before July 1, 2009. In
addition, we guarantee your 2009 AIP award at a minimum 50% of target. This payment will be
made in the first quarter of 2010. A detailed explanation of the program is included with
this letter.

Long Term Incentive — Stock Appreciation Rights

	•	 	You will participate in the Company’s Senior Executive Equity Incentive Plan. For 2009,
you will receive Stock Appreciation Rights (SARs) totalling 82,264 units. This includes a
standard grant of 41,132 units and a one-time special grant of 41,132 units. These grants
will be made in July 2009 pending Board of Directors approval of the strike price for your
grant. Further details regarding your grant will be provided along with your SARs Grant
Notice in July 2009.
	 
	 	 	For 2010, you will receive a Stock Appreciation Rights (SARs) grant of one and one half times
the standard grant level for your position. This grant will be made in February 2010 pending
Board of Directors approval of the strike price for the grant. Further details regarding your
grant will be provided along with your SARs Grant Notice in February 2010.

 

 

Jorgensen — 2

Signing Bonus

	•	 	You will receive a one-time signing bonus of $250,000.00 (gross), paid within 30 days of
your hire date.

	•	 	This signing bonus is offered in anticipation of the contributions you will make to our
business over time. In the event that you resign before completing twenty-four months (24
-months) of employment, or you are terminated for cause before twenty-four months (24 -months)
of employment, you will be required to repay the prorated, remaining balance of your signing
bonus. Any such repayment may be deducted in whole or in part from any final payments due to
you.

	•	 	Enclosed you will find a Signing Bonus Acknowledgment and Payback Agreement. Please sign
and return the Payback Agreement.

Benefits

	•	 	Our offer also includes participation in our flexible benefits program. There are a number
of benefit options available to you in the areas of health care and life insurance, as well as
our long term savings programs which provide important tax advantages for your savings.

	•	 	You are eligible to participate in the executive perquisite programs associated with a
position at your level. The total benefit of these programs, including parking and the
perquisite cash allowance, is approximately $19,374.00. The value of the perquisite cash
allowance is $15,000.00 per year, paid out to you in two installments each year. The first
payment is in January and the second is in June.

	•	 	We will make an exception and you will accrue four weeks of TOPP (Time Off with Pay
Program) during your first year of employment.

The above describes some of the terms of Levi Strauss and Company’s compensation and benefit
programs, which may be updated periodically. The official documents govern in all cases.
Questions about your compensation, benefits or other Human Resources related issues may be directed
to Cathy Unruh, Sr. Vice President, Human Resources, at (415) 501-6588.

Worldwide Code of Business Conduct

	•	 	You will be provided you with a copy of the Worldwide Code of Business Conduct (“WCOBC”).
The WCOBC sets out basic principles to guide all employees of the company with how LS&CO.
conducts business while at the same time provides helpful guideposts for behavior while on the
job. You will find enclosed with this letter a copy of the Statement of Commitment which each
employee is required to sign agreeing to abide by the principles set forth in the WCOBC.
Compliance with the WCOBC is a fundamental condition of
employment. Please bring the form on your first day. If you should have any questions, please
let me know before your start date.

Jorgensen — 3

 

 

Other

	•	 	You will need to provide evidence that you are legally authorized to work in the United
States. Please refer to the attached sheet for the type of evidence required according to the
government’s I-9 regulations. Your employment is specifically conditioned upon your providing
this information within 72 hours of your start date.

	•	 	LS&CO. expects your association with the company will be mutually beneficial. Nonetheless,
LS&CO. is an “at-will employer,” which means you or LS&CO. can terminate your employment at
LS&CO. at any time with or without cause, and with or without notice. Only the President,
Chief Executive Officer or Senior Vice President of Human Resources can authorize an
employment agreement to the contrary and then such employment agreement must be in writing.

Blake, we are very excited about you joining the company. We are confident that you will make a
valuable contribution to Levi Strauss & Co.’s business.

Sincerely,

/s/ John Anderson

John Anderson

President and Chief Executive Officer

			
	CC:                	 	Cathy Unruh, Sr. Vice President, Human Resources

			
	Attachments:	 	I-9 Requirements

Signing Bonus Acknowledgment

Code of Conduct

Annual Incentive Plan

	 	 	 
	/s/ Blake Jorgensen

	 	May 27, 2009
	 
	Signed: Blake Jorgensen

	 	Date

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