Document:

EXHIBIT 10.1

 

EXHIBIT 10.1

SEPARATION AND GENERAL RELEASE AGREEMENT

                  This Separation and General Release Agreement (the “Agreement”) is being entered into by and
between Interchange Corporation (“Employer” or the “Company”) and Michael A. Sawtell (“Employee”)
(collectively the “Parties”) as of the date of Employee’s execution of this Agreement (the “Date
of this Agreement”).

                  WHEREAS, Employee is employed by Employer;

                  WHEREAS, the Parties wish to terminate their employment relationship on mutually acceptable
terms and conditions; and

                  WHEREAS, the Parties wish to resolve any disputes between them fully and finally.

                  NOW, THEREFORE, in consideration of the foregoing premises and the terms and conditions set
forth below, the Parties agree as follows:

                  1. Resignation. Employee hereby resigns his employment effective as of March 31,
2005 (the “Resignation Date”). Employee understands that by resigning from his employment, he is
giving up any right or claim to compensation or benefits of employment with the Company beyond the
Resignation Date, except as set forth in this Agreement. On the Resignation Date, Employee will be
paid all unpaid, earned wages, including without limitation, any accrued, unused vacation pay.

                  2. Compensation to Employee for General Release. Provided that Employee delivers a
signed copy of this Agreement to the Company with twenty-one (21) days after his receipt of this
Agreement, and does not revoke this Agreement within seven (7) days after he signs it, the Company
will: (1) pay to Employee an amount (the “Payment”) equal to $168,000.00, less the amount payable
pursuant to Section 1 above; and (2), if Employee elects to continue his health care insurance
coverage under COBRA, the Company will pay Employee’s health insurance premium, up to $500 per
month, for the first twelve (12) months following the Resignation Date (the “Benefit
Continuation”). The Payment shall be paid in a single lump sum installment on the tenth (10th)
business day following his delivery of a signed copy of this Agreement. Employee understands that
the Payment and the Benefit Continuation represent the Company’s sole financial obligation to
Employee under this Agreement, and that he is not entitled to severance or separation pay under any
other plan, policy or agreement, including that certain Employment Agreement by and between
Employee and the Company dated as of January 3, 2003 (the “Employment Agreement”). In addition,
Employee will have the right to exercise, through March 15, 2006, any or all vested stock options
as of March 31, 2005.

                  3. Cooperation. Employee will make himself available at reasonable times upon
reasonable request of the Company to the extent reasonably needed by the Company to complete
documentation or provide information relating to the period during which Employee was employed by
the Company.

 

 

                  4. Release by Employee.

                        a. General Release. In exchange for the Payment and the other consideration
set forth in this Agreement, Employee does hereby release and forever discharge the
“Company Releasees” herein, consisting of Employer, its parent, subsidiary and affiliate
corporations, and each of their respective past and present parents, subsidiaries,
affiliates, associates, owners, members, stockholders, predecessors, successors, assigns,
employees, agents, directors, officers, partners, representatives, lawyers, and all persons
acting by, through, under, or in concert with them, or any of them, of and from any and all
manner of claims or causes of action, in law or in equity, of any nature whatsoever, known
or unknown, fixed or contingent (hereinafter called “Claims”), that Employee now has or may
hereafter have against the Company Releasees by reason of any and all acts, omissions,
events or facts occurring or existing prior to the Date of this Agreement. The Claims
released hereunder include, without limitation, any alleged breach of any express or
implied employment agreement; any alleged torts or other alleged legal restrictions
relating to the Employee’s employment and the termination thereof; and any alleged
violation of any federal, state or local statute or ordinance including, without
limitation, Title VII of the Civil Rights Act of 1964, as amended, 42 USC Section 2000,
et seq.; Americans with Disabilities Act, as amended, 42 U.S.C. § 12101
et seq.; the Rehabilitation Act of 1973, as amended, 29 U.S.C. § 701
et seq.; Civil Rights Act of 1866, and Civil Rights Act of 1991; 42 USC
Section 1981, et seq.; Age Discrimination in Employment Act, as amended, 29
USC Section 621, et seq.; Equal Pay Act, as amended, 29 USC Section 206(d);
regulations of the Office of Federal Contract Compliance, 41 CFR Section 60, et
seq.; The Family and Medical Leave Act, as amended, 29 U.S.C. § 2601 et
seq.; the Fair Labor Standards Act of 1938, as amended, 29 U.S.C. § 201 et
seq.; the Employee Retirement Income Security Act, as amended, 29 U.S.C. § 1001
et seq.; and the California Fair Employment and Housing Act, California
Government Code Section 12940, et seq. This release shall not apply to the
Company’s obligations hereunder, to any vested retirement plan benefits, Employee’s rights
under Labor Code Section 2802 with respect to claims asserted against him, or his rights as
a stockholder of the Company.

                        b. Unknown Claims.

                        Employee acknowledges that Employee is familiar with the provisions of California civil code
section 1542, which provides 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.”

Employee being aware of said code section, hereby expressly waives any rights Employee may have
thereunder, as well as under any other statutes or common law principles of similar effect.

2

 

                        c. Older Worker’s Benefit Protection Act.

                  Employee agrees and expressly acknowledges that this Agreement includes a waiver and release
of all claims which he has or may have under the Age Discrimination in Employment Act of 1967, as
amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions
apply to and are part of the waiver and release of the ADEA claims under this Agreement:

            (1) This Section, and this Agreement are written in a manner calculated to be
understood by him.

            (2) The waiver and release of claims under the ADEA contained in this Agreement does
not cover rights or claims that may arise after the Date of this Agreement.

            (3) This Agreement provides for consideration in addition to anything of value to which
he is already entitled.

            (4) Employee has been advised to consult an attorney before signing this Agreement.

            (5) Employee has been granted twenty-one (21) days after he is presented with this
Agreement to decide whether or not to sign this Agreement. If he executes this Agreement
prior to the expiration of such period, he does so voluntarily and after having had the
opportunity to consult with an attorney, and hereby waives the remainder of the twenty-one
(21) day period.

            (6) Employee has the right to revoke this general release within seven (7) days of
signing this Agreement. In the event this general release is revoked, this Agreement will
be null and void in its entirety, and he will not receive the Payment.

                  If he wishes to revoke this agreement, Employee shall deliver written notice stating his
intent to revoke this Agreement to Heath Clarke, Chief Executive Officer at the offices of Employer
on or before 5:00 p.m. on the Seventh (7th) Day after the Date of this Agreement.

                        d. No Assignment. Employee represents and warrants to the Company Releasees
that there has been no assignment or other transfer of any interest in any Claim that the
Employee may have against the Company Releasees, or any of them. Employee agrees to
indemnify and hold harmless the Company Releasees from any liability, claims, demands,
damages, costs, expenses and attorneys’ fees incurred as a result of any person asserting
such assignment or transfer of any right or claims under any such assignment or transfer
from Employee.

                        e. No Actions. Employee represents and warrants that he is not presently
aware of any injury for which he may be eligible for workers’ compensation benefits.
Employee agrees that if Employee hereafter commences, joins in, or in any

3

 

manner seeks
relief through any suit arising out of, based upon, or relating to any of the
Claims released hereunder or in any manner asserts against the Company Releasees any
of the Claims released hereunder, then Employee will pay to the Company Releasees against
whom such claim(s) is asserted, in addition to any other damages caused thereby, all
attorneys’ fees incurred by such Company Releasees in defending or otherwise responding to
said suit or Claim. Provided, however, that Employee shall not be obligated to pay the
Company Releasees’ attorney’s fees to the extent such fees are attributable to claims under
the Age Discrimination in Employment Act or a challenge to the validity of the release of
claims under the Age Discrimination in Employment Act.

                  5. No Admission. The Parties further understand and agree that neither the payment of
money nor the execution of this release shall constitute or be construed as an admission of any
liability whatsoever by the Company Releasees.

                  6. Severability. The provisions of this Agreement are severable, and if any part of
it is found to be unenforceable, the other Sections (or portions thereof) shall remain fully valid
and enforceable.

                  7. Confidentiality. The terms of this Agreement are intended to be confidential by
the parties. Employer would not enter into this Agreement but for Employee’s promise to maintain
the confidentiality of the terms of and existence of this Agreement. Employee may not disclose the
terms of this Agreement to any person, except as required by applicable law.

                  8. Arbitration/Waiver of Jury Trial. The Parties hereby agree to submit any claim or
dispute between Employee and the Company or any of the Company Releasees, including any dispute
arising out of or relating to the terms of this Agreement, Employee’s employment or the termination
thereof to binding arbitration by a single neutral arbitrator experienced in employment law.
Subject to the terms of this Section, the arbitration proceedings shall be governed by the rules of
the Judicial Arbitration and Mediation Services (“JAMS”) applicable to employment disputes as they
may be in effect from time to time, and shall take place in Los Angeles County, California. The
arbitrator shall be appointed by agreement of the Parties hereto or, if no agreement can be
reached, by JAMS pursuant to its rules. The decision of the arbitrator shall be rendered in
writing and be final and binding on all Parties to this Agreement, and judgment thereon may be
entered in any court having jurisdiction. All fees and costs payable to the Arbitrator or JAMS
shall be paid by the Parties in accordance with JAMS rules; provided, however, that Employee shall
not be required to pay any amount to the Arbitrator or JAMS that would be unique to arbitration or
exceed the costs Employee would incur in pursuing the same claim(s) and action(s) in a court of
competent jurisdiction. Any shortfall shall be paid by the Company. Each party shall bear his,
her or its own attorneys’ fees, expert witness fees, witness expenses and other costs; provided,
however, that the Arbitrator may award such costs, fees or expenses in accordance with applicable
law. This arbitration procedure is intended to be the sole and exclusive method of resolving any
dispute between Employee, the Company and/or the Company Releasees, including without limitation
any claim for breach of this Agreement or otherwise arising out of or relating to this Agreement or
Employee’s employment, and the Parties hereby waive any rights to a jury trial.

4

 

                  9. Withholding. All compensation or benefits payable to Employee pursuant to the
terms of this Agreement shall be subject to deduction of all required federal and state withholding taxes and any other employment taxes the Company may be required to collect or
withhold.

                  10. Choice of Law and Venue. The Parties acknowledge and agree that this Agreement
shall be interpreted in accordance with California law. To the extent any actions arising out of
relating to this Agreement or Employee’s Employment with Employer must be filed in a court, rather
than arbitration, such actions shall be filed in either the Superior Court of the State of
California for the County of Los Angeles, or the Federal District Court for the Central District of
California. 

                  11. Sole and Entire Agreement, No Oral Modification. This Agreement represents the
sole and entire agreement among the Parties and supersedes all prior agreements, negotiations, and
discussions between the Parties hereto and/or their respective counsel, excluding any agreements
concerning confidentiality, trade secret information, or assignment of intellectual property
rights. Any agreement amending or superseding this Agreement must be in writing, signed by duly
authorized representatives of the Parties, specifically references this Agreement; and state the
intent of the Parties to amend or supersede this Agreement. Except as expressly modified by the
terms of this Agreement, any and all outstanding stock options granted to Employee by the Company
shall remain subject to the terms and conditions of the relevant stock option agreements evidencing
such options and the relevant plan under which such options were granted (in each case, either the
Company’s 1999 Equity Incentive Plan, 2000 Equity Incentive Plan or 2004 Equity Incentive Plan).

Interchange Corporation

	 	 	 	 	 
	 	 	 
	Date: 4/6/05	By:  	 	/s/ Heath B. Clarke	 
	 	Title: 	Chief Executive
Officer
	 
	Date: 4/6/05	Employee

/s/ Michael A. Sawtell	 
	 

5exv10w1

 

Exhibit 10.1

SEVERANCE AND RELEASE AGREEMENT

THIS AGREEMENT is made this 31st day of March, 2005.

BETWEEN

MTI Technology Corporation, and MTI Technology BV having its registered office at Pettalarrpark 34,
5216 PD, S-Hertogenbosch, The Netherlands, (hereinafter called “the Company” which expression shall
where the context so permits or requires include its parent, subsidiaries and associated companies)
of the one part

AND

Nicholas Boland of Woodfield, Carpenterstown Road, Castleknock, Dublin 15 (hereinafter called “the
Employee”) of the other part.

BACKGROUND

The Employee is employed by the Company as its Senior Vice President European Finance pursuant to a
Contract Of Employment executed on 21st July 2000 (and attached at Schedule 1) (the
“Contract of Employment”). The Employee’s position has become redundant. The Company has agreed
to offer and the Employee has agreed to accept a severance package from the Company.

IT IS HEREBY AGREED AS FOLLOWS: -

	1.  	The Employee’s employment with the Company shall terminate by reason of redundancy on the
31st May 2005 (hereinafter called “the Termination Date”) without further
obligation on the Company except as set out in the Agreement.
	 
	2.  	Effective 1st June, 2005, the Company and the Employee agree that the Employee
shall be retained by the Company as a consultant pursuant to the terms and conditions of the
Consulting Agreement attached as Schedule 2 to this Agreement (the “Consulting Agreement).
	 
	3.  	Subject to the provisions of this agreement, it is agreed that the Company shall pay to the
Employee on the Termination Date, in full and final settlement:-

	 	3.1  	A statutory redundancy payment of € 25,800;
	 
	 	3.2  	An ex-gratia severance payment of € 22,772.75, being one month’s salary;
	 
	 	3.3  	A payment in respect of holiday entitlements up to the Termination Date,
being 10 days leave, unless the Employee at his absolute discretion elects to take
such leave prior to the Termination Date;
	 
	 	3.4  	A severance payment of € 159,409.25, being the equivalent of seven
month’s salary, to be paid on June 30, 2005;
	 
	 	3.5  	A payment of € 14,000 for auto expenses, being the equivalent of seven
months auto expenses; and

 

 

	 	3.6  	The Company shall pay to Employee the amount of Employee’s current medical,
dental and vision benefit premiums through 31st March 2006, premium €
3,848.26. MTI will also reimburse all out of pocket expenses that are not covered
thought the premiums but that would be covered under MTI’s existent Executive Medical
Plan.

	   	The Employee agrees and acknowledges that he was given proper and sufficient notice of the
termination of Employee’s employment and no further notice period payments are due to
Employee.
	 
	   	The above payments are subject to such tax and other deductions as the Company is required
to deduct from the gross amount and remit to the Revenue in accordance with applicable
legislation and shall be made in the most tax efficient manner permitted by law, provided
always that the Company will not be obliged to incur additional cost or expense in order to
procure tax efficacy.
	 
	4.  	The Employee confirms that he resigns from his position as Director and Secretary of MTI
Technology Ireland Limited and MTI Technology Limited and any other directorships held by him
within the Company and/or Group with effect from 31st May 2005 without claim to
compensation for loss of office and acknowledges that the amount paid herein relates solely to
his employment. The Employee agrees to sign and return to the Company the appropriate
documentation necessary to effect such resignations.
	 
	5.  	The Company shall make a contribution for the 2005 year into the Employee’s pension scheme on
30th June, 2005, the contribution for the period from termination date to December
31st 2005 amounts to €12,401.55.
	 
	6.  	It is agreed that the Employee’s employment contract with the Company, dated 21st July, 2000,
together with any amendments or other agreements relating to his employment with the Company
save the Proprietary Information Agreement shall terminate by mutual agreement on the
Termination Date and without further obligation on the part of the Company or on the part of
the Employee.
	 
	7.  	On request and in any event before the Termination Date, the Employee shall deliver up to the
Company all Company property and Company documentation and data belonging to the Company in
the Employee’s possession or under his control including but not limited to any Company issued
Credit Cards, Toshiba laptop personal computer, Blackberry, mobile telephone and office keys,
all Company files, business plans, training, product and pricing documents, financial data,
memoranda, correspondence and all other documentation prepared or obtained by him in the
course of his employment with the Company and/or relating to its business or affairs.
	 
	   	Subject to the approval of MTI’s Board of Director’s Compensation Committee, the Company
confirms that all Options granted to the Employee as set out in Schedule 1, and pursuant to
MTI Technology Corporation 1996 and 2001 Stock Incentive Plans as amended (the “Stock
Incentive Plans”), shall continue and remain in full force and effect in accordance with
their terms through the term of the Consulting Agreement. In addition, subject to the
approval of MTI’s Board of Director’s Compensation Committee, on or before the Termination
Date, all unvested options will be

 

 

	   	accelerated to fully vest to the extent those options would have vested during the term of
the Consulting Agreement.
	 
	8.  	The Employee hereby undertakes with the Company that he will not at any time hereafter
directly or indirectly disclose to any person, firm or company or use for his own benefit or
gain or for the benefit or gain of third parties any of the Company’s trade secrets, business
plans, product and/or financial data, work in progress or commercial information other than
information in the public domain through no fault on the part of the Employee.
	 
	9.  	The Employee hereby irrevocably and unconditionally agrees to and accepts the provisions of
this agreement and acknowledges that same shall be in full and final settlement of all claims
made and/or which may be made by him against the Company, its parent, subsidiaries and
associated companies and/or each and all of their respective officers, directors, employees
and agents. Without prejudice to the generality of the foregoing, the Employee hereby
acknowledges and agrees that the provisions made in this agreement constitute a full and final
settlement of all claims (if any) which the Employee has and/or may have against the Company
arising out of his employment with the Company and/or the termination of such employment,
whether such claims arise at common law, in equity or pursuant to statute (including but not
limited to the Redundancy Payments Acts 1967 to 2003, Terms of Employment (Information) Act,
1994 and 2001, Minimum Notice and Terms of Employment Acts 1973 and 2001, Payment of Wages Act
1991, Organisation of Working Time Act 1997, Protection of Employment Act, 1977, Employment
Equality Acts 1998 and 2004 and the Unfair Dismissals Acts 1977 to 2001) or pursuant to
contract, in tort, or otherwise howsoever arising including for the avoidance of doubt, any
claim for personal injury.
	 
	10.  	The Employee acknowledges and agrees that the provisions and obligations of the Proprietary
Information Agreement signed by him on 9th February 2001 (and attached at Schedule
3) will survive the termination of his employment on the Termination Date.
	 
	11.  	Subject to Clause 10 above, the provisions of this Agreement shall supercede all prior
discussions, representations, understandings or agreements concerning the subject matter
hereof and constitute a full and final settlement of the Company’s obligations (if any) to the
Employee regarding his employment with the Company, the termination of his employment and the
severance payments to be paid to him upon such termination.
	 
	12.  	It is agreed that the terms of this Settlement Agreement are to remain strictly confidential
and neither party will make any disclosures regarding the said terms to any third party, save
to their legal advisors and to immediate family, unless compelled to do so in the course of
legal proceedings to enforce the terms of same or otherwise as required by law, provided that
the Parties acknowledge and agree that a copy of the Agreement may be filed with the United
States Securities and Exchange Commission.
	 
	13.  	The Company confirms that all outstanding vouched work related expenses incurred up to and
including May 31, 2005, will be discharged within ten days of the Termination Date.

 

 

	14.  	The Employee hereby acknowledges that he has taken legal advice on this agreement and that he
understands and accepts the effect and implications of this agreement. The Company agrees to
pay for such advice to an amount not to exceed €1,000. The Employee further acknowledges
that he is entering into this agreement without coercion of any description and with full
understanding that he is releasing and compromising any and all claims that he has and/or may
have against the Company arising from and/or connected with his employment with the Company
and/or the termination of such employment.
	 
	15.  	This Agreement shall be governed by and construed in accordance with the laws of Ireland.

IN WITNESS whereof the parties have executed this agreement in the manner hereinafter appearing the
day and year first above written.

SIGNED by Scott Poteracki, Chief Financial Officer

for and on behalf of MTI Technology Corporation, and MTI Technology BV

in the presence of : Huan Huynh on April 1, 2005

SIGNED by the said Nicholas Boland

in the presence of: Desmond O’Neill

 

 

CONSULTING AGREEMENT

THIS AGREEMENT is made between MTI Technology Corporation (“MTI”), a Delaware corporation, at
14661 Franklin Avenue, Tustin, California and Nicholas Boland an independent consultant,
(“Consultant”).

WHEREAS, Consultant has general experience in the area of financial management, and direct
experience in the tactical and strategic financial management of MTI; and

WHEREAS, MTI in reliance on Consultant’s representations, is willing to engage Consultant as an
independent contractor, and not as an employee;

The parties agree to the following terms and conditions:

	1.0  	SCOPE OF SERVICES

	 	1.1  	Consultant will provide consulting services, as directed and requested by MTI
in its sole discretion, in the area of general financial management.
	 
	 	1.2  	The parties acknowledge and agree that MTI has no right to control the manner,
means, or method by which Consultant performs the services called for by this
Agreement. MTI will be entitled only to: (1) direct Consultant with respect to the
elements of the services to be performed by Consultant and the results to be derived by
MTI, (2) to inform Consultant as to where and when such services will be performed, and
(3) to review and assess the performance of the services by Consultant for the limited
purposes of assuring that the services have been performed and confirming that results
are satisfactory.

	2.0  	TERM OF AGREEMENT

	 	2.1  	The term of this Agreement shall be from 1st June 2005 to 31st December 2005.
	 
	 	2.2  	The cure period for any failure of MTI to pay fees and charges due will be
forty-five (45) days from the date MTI receives notice.
	 
	 	2.3  	Upon the termination of this Agreement, Consultant will promptly return to MTI
all copies of any MTI data, records, or materials, including all materials
incorporating the propriety information of MTI. Consultant will also furnish to MTI
all work in progress, including all incomplete work.
	 
	 	2.4  	Within fifteen (15) days of termination of this Agreement, Consultant will
submit to MTI an itemized invoice for any outstanding fees or expenses under this
Agreement. MTI, upon payment of the amounts invoiced, will have no further liability
or obligation to Consultant.

	3.0  	FEES

	 	3.1  	In Consideration of the services to be performed by Consultant, MTI will pay Consultant
€ 100 per hour per assignment, with the number of billable hours per assignment to be
mutually agreed upon by both MTI and consultant, in writing, prior to Consultant providing
any service relating the respective assignment. MTI retains the unilateral and sole right
to determine if any services are to

 

 

	 	   	be requested of the Consultant, and Consultant agrees not to undertake any actions or
provide any services under this Agreement unless directed to do so by the appropriate
representatives of MTI.

	4.0  	RIGHTS IN DATA

	 	4.1  	Any MTI Work Product will be considered a “work for hire” and will remain the
exclusive property of MTI.
	 
	 	4.2  	“MTI Work Product” means the ideas, processes methods, programming aids,
reports, programs, manuals, tapes, software, flowcharts, systems or improvements,
enhancements, or modifications, that the Consultant utilizes, produces, develops,
prepares, conceives, makes, or suggest in the performance of the services under this
Agreement, including all related developments originated or conceived during the term
of the Agreement but completed or reduced to practice after termination.
	 
	 	4.3  	All right, title, and interest in and to any programs, systems, data, and
materials furnished to MTI and/or developed, at private expense, by Consultant outside
the scope of this Agreement are and will remain the exclusive property of Consultant.
These “Consultant Products,” if any are listed in Exhibit “A.”

	5.0  	PROPRIETARY INFORMATION

	 	5.1  	Consultant acknowledges that in order to perform the services called for in
this Agreement, it will be necessary for MTI to disclose to Consultant certain Trade
Secrets that have been developed by MTI at great expense and that have required
considerable effort of skilled professionals. Consultant further acknowledges that the
Deliverables will, of necessity, incorporate such Trade Secrets. Consultants agrees
that it will not disclose, transfer, use, copy, or allow access to any Trade Secrets to
any employees or to any third parties, unless they have a need to know and are
consistent with the requirements of this Agreement and have signed a
Confidentiality/Non-Disclosure Agreement shown in Exhibit “B.”
	 
	 	5.2  	In no event will Consultant disclose any Trade Secrets to any competitors of
MTI.
	 
	 	5.3  	The term “Trade Secrets” means any scientific of technical data, information,
design, process, procedure, formula, or improvement that is commercially valuable to
MTI and not generally known in the industry.
	 
	 	5.4  	The obligation contained in this Section will survive the termination of this
Agreement and continue for as long as the material remains Trade Secrets.
	 
	 	5.5  	The obligations contained in this Section shall not in any way diminish or
limit Consultant’s obligations and duties under his Proprietary Agreement with MTI.

	6.0  	CONFIDENTIALITY OF AGREEMENT; PUBLICITY; USE OF MARKS

	 	6.1  	Consultant will not disclose the nature of the effort undertaken for MTI or the
terms of this Agreement to any other person or entity, except as may be necessary to
fulfill Consultant’s obligations.
	 
	 	6.2  	Consultant will not at any time use MTI’s name or any MTI trademark(s) or trade
name(s) in any advertising or publicity without the prior written consent of MTI.

 

 

	7.0  	WARRANTIES

	 	7.1  	Consultant warrants that:

	 	a.  	Consultant’s performance of the services and any programs,
systems, data, or materials furnished to MTI under this Agreement will not
violate any applicable law, rule, or regulation; any contracts with third
parties; or any third-part rights in any patent, trademark, copyright, trade
secret; or similar rights.
	 
	 	b.  	Any and all rights, title, and ownership interest, including
copyright, that Consultant may have in or to a MTI Work Product or any tangible
media embodying a MTI Work Product, as described in Section 4.2, are assigned to
MTI as part of this Agreement.

	8.0  	LIMITATION OF LIABILITY

	 	8.1  	Except as provided in this Section 8, in no event will either party be liable
to the other for any special, incidental, consequential damages, or lost profits of the
other party.

	9.0  	MISCELLANEOUS

	 	9.1  	This agreement will be governed by substantive laws of the State of California.
	 
	 	9.2  	The parties are independent contractors to one another. Nothing in this
Agreement creates any agency, partnership, or joint venture between the parties.
Except as expressly provided in this Agreement, MTI will not be liable for any debts,
accounts, obligations, or other liabilities of Consultant, including (without
limitation) Consultant’s obligations to withhold income taxes for itself or any of its
employees.
	 
	 	9.3  	All remedies available to either party for one or more breaches by the other
party are cumulative and may be exercised separately or concurrently without waiver of
any other remedies. The failure of either party to act on a breach of this Agreement
by the other will not be deemed a waiver of the breach or a waiver of future breaches,
unless the waiver is in writing and signed by the party against whom enforcement is
sought.
	 
	 	9.4  	All notices will be in writing and will be delivered by hand or by registered
or certified mail, postage prepaid, as follows:

	 	 	 
	If to Consultant:

	 	If to MTI:
	 
	 	 
	Nicholas Boland

	 	MTI Technology Corporation
	Woodfield, Carpenterstown Road

	 	14661 Franklin Avenue
	Castleknock, Dublin 15

	 	Tustin, CA 92780

	 	9.5  	This Agreement constitutes the entire Agreement between the parties relating to
Consultant’s providing of services to MTI as an independent contractor. This Agreement
may be modified only in writing.

 

 

	 	 	 	 	 
	CONSULTANT

	 	MTI TECHNOLOGY CORPORATION	 	 
	 
	 	 	 	 
	/s/ Nicholas Boland

	 	/s/ Huan Huynh	 	 
	Signature:

	 	Signature:	 	 
	 
	 	 	 	 
	NICHOLAS BOLAND

	 	HUAN HUYNH	 	 
	Name

	 	Name	 	 
	 
	 	 	 	 
	Consultant

	 	HR Manager	 	 
	Title

	 	Title	 	 
	 
	 	 	 	 
	March 31, 2005

	 	April 1, 2005	 	 
	Date

	 	Date	 	 

 

 

EXHIBIT “A”

CONSULTANT PRODUCTS

(IF ANY, TO BE LISTED HERE)

 

 

Exhibit “B”

CONFIDENTIALITY/NON-DISCLOSURE AGREEMENT

In consideration of MTI Technology Corporation, a Delaware corporation (herein “MTI”) granting me
to access MTI facilities and information, I agree as follows:

	 	1.  	As an employee of Consultant, it is my understanding that, pursuant to a
Consulting Agreement between Consultant and MTI Technology Corporation, I will have
access and acquire techniques, know-how, or other information of a confidential nature
concerning MTI experimental and developmental work, trade secrets, secret procedures,
business matters or affairs including, but not limited to, information relating to
ideas, discoveries, inventions, disclosures, processes, methods, systems, formulas,
patents, patent applications, machines, materials, research plans, and activities,
research results, and business marketing information, plans, operations, activities,
and results. I WILL NOT DISCLOSE ANY SUCH INFORMATION TO ANY PERSON OR ENTITY OR USE
ANY SUCH INFORMATION WITHOUT MTI’S PRIOR WRITTEN CONSENT. Information will, for
purposes of this Agreement, be considered to be confidential if not know in the field
generally, even though such information has been disclosed to one or more third parties
pursuant to join research agreements, consulting agreements, or other agreements
entered into by MTI or any of its affiliates. Excluded from the obligations of
confidentiality and non-discloser agreed to herein is information (i) that I can
establish I knew prior to my acquiring it from MTI; (ii) that I receive from a third
party who, when providing it to me, is not under an obligation to MTI to keep the
information confidential; or (iii) that enters the public domain through no fault of
mine.
	 
	 	2.  	If, as a consequence of my access to MTI facilities or information, I conceive
of or make, alone or with others, ideas, inventions and improvements thereof of
know-how related thereto that relate in any manner to the actual or anticipated
business of MTI, I will assign and do hereby assign to MTI my right, title, and
interest in each of the ideas, inventions and improvements thereof described in this
paragraph. I will, at MTI’s expense, execute, acknowledge, and deliver such documents.
	 
	 	3.  	I agree that, upon the earlier of the completion of my work for MTI, as an
employee of Consultant or upon the termination of the Consulting Agreement between MTI
and Consultant, I will deliver to MTI (and will not keep in my possession or deliver to
anyone else) any and all devices, records, data, notebooks, notes, reports, proposals,
lists, correspondence, specifications, drawings, blueprints, sketches, materials,
equipment, other documents or property, or reproductions of any aforementioned items
belonging to MTI, its successors or assigns.
	 
	 	4.  	I agree to execute any proper oath or verify any proper document required to
carry out the terms of this Agreement. I represent that my performance of all the
terms of this Agreement will not breach any agreement to keep in confidence the
proprietary information acquired by me in confidence or in trust prior to my commencing
work for MTI. I have entered into, and I agree I will not enter into, any oral or
written agreement in conflict herewith.
	 
	 	5.  	This Agreement will be governed by the laws of the State of California.
	 
	 	6.  	If one or more of the provisions in this Agreement is deemed void by law, then
the remaining provisions will continue in full force and effect

 

 

	 	7.  	This Agreement will be binding upon my heirs, executors, administration and
other legal representatives and will be for the benefit of MTI, its successors, and its
assigns.
	 
	 	8.  	This Agreement will remain in full force and effect so long as any materials
referred to in paragraph 1 remain trade secrets of MTI.
	 
	 	9.  	This Agreement does not modify or limit my obligation or duties of Consultant
under the Propriety Information Agreement signed by consultant.

	 	 	 	 	 	 	 
	March 31, 2005

	 	 	 	/s/ Nick Boland	 	 
	Date

	 	 	 	Signature	 	 
	 
	 	 	 	 	 	 
	/s/
Desmond O’Neill

	 	 	 	NICK BOLAND	 	 
	Witness

	 	 	 	Name

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}]]