Document:

exv10w14

Exhibit 10.14

Supplemental Executive Retirement Agreement

for

Richard J. Trachimowicz

     This Agreement by and among Rockville Bank (the “Bank”), Rockville Financial, Inc. (the
“Company”) (collectively, the “Bank”) and Richard J. Trachimowicz (“Executive”) is made this 6th
day of December, 2010 and is effective upon signature.

W I T N
E S S  E T H   T H A T:

     WHEREAS, Executive is and will be rendering valuable services to the Bank in his capacity as
an executive officer; and

     WHEREAS, the Bank desires to ensure that it will continue to have the benefit of Executive’s
services; and

     WHEREAS, the Bank wishes to assist Executive in providing for the financial requirements of
Executive in the event of his retirement or termination of employment.

     NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements
herein contained, the parties hereto agree as follows:

 

 

     1. SUPPLEMENTAL RETIREMENT BENEFIT.

          A. Retirement Benefit. Following Executive’s completion of five (5) years of Service
or earlier Separation from Service by reason of Disability, Executive will be entitled to receive
pursuant to this Agreement an annual Retirement Benefit of Thirty Thousand Dollars ($30,000)
payable for twenty (20) years; provided, however, in the event that Executive’s Separation from
Service shall occur prior to his attainment of age sixty (60) for any reason other than: (i) death
as provided in Section 1.B; (ii) Disability; or (iii) termination by the Bank without Cause or
termination by Executive for Good Reason, regardless of whether any such termination occurs after a
Change in Control, such annual Retirement Benefit shall be reduced at a rate of five percent (5%)
per year for each twelve (12)-month period or portion thereof that Executive’s Separation from
Service precedes his attainment of age sixty-five (65), with any pro rata reduction for periods of
fewer than twelve (12) months to be determined by disregarding any partial months.

          B. Death Benefit. In the event of Executive’s death while in the employ of the Bank,
regardless of whether Executive shall have completed five (5) years of Service as of the date of
his death, Executive’s Beneficiary shall be entitled to receive the Retirement Benefit that would
otherwise have been provided to Executive pursuant to Section 1.A. above. In the event of the
death of Executive after the commencement of payment of the Retirement Benefit provided pursuant to
Section 1.A. above, payment shall continue to be made to the Executive’s Beneficiary in an amount
equal to one hundred percent (100%) of the annual benefit that the

2

 

Executive was receiving at the time of death until such annual benefit shall have been paid to
Executive and his Beneficiary for a total period of twenty (20) years. Executive shall have the
right, at any time, to designate Beneficiary(ies) (both primary as well as contingent) to receive
the Death Benefit payable under this Section 1.B. The Beneficiary designated under this Agreement
may be the same as or different from the beneficiary designated under any other plan of or
agreement with the Bank. The Executive shall designate his Beneficiary by completing and signing
the Beneficiary designation form attached hereto as Exhibit A and returning it to the Vice
President, Human Resources Officer for the Bank. Executive shall have the right to change his
Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary
designation form attached hereto as Exhibit A. Upon the acceptance by the Vice President, Human
Resources Officer of the Bank of a new Beneficiary designation form, all Beneficiary designations
previously filed shall be canceled. The Bank shall be entitled to rely on the last Beneficiary
designation form filed by Executive and accepted by the Vice President, Human Resources Officer of
the Bank prior to Executive’s death. In the event of the death of Executive without a designated
Beneficiary, any benefits remaining to be paid under this Agreement to Executive shall be paid to
Executive’s estate.

     2. TIME AND FORM OF PAYMENT. Except as otherwise provided in Section 3.B., the
annual Retirement Benefit payable in accordance with Section 1.A. hereof shall be paid in
substantially equal monthly installments on the first day of each month commencing on the first day
of the month immediately following the later of Executive’s attainment of age 60 or

3

 

Separation from Service. The annual Death Benefit payable in accordance with Section 1.B.
hereof shall be paid in substantially equal monthly installments on the first day of each month
commencing on the first day of the month immediately following Executive’s death. Monthly
installments of benefits shall cease to be paid after 240 months of installments have been paid to
Executive, his Beneficiary or both, as the case may be. Anything in this Agreement to the contrary
notwithstanding, payments to be made under this Agreement upon Executive’s Separation from Service
which are subject to Section 409A of the Code shall be delayed for six (6) months following such
Separation from Service if Executive is a Specified Employee on the date of his Separation from
Service. Any payment due within such six (6)-month period (the “delayed payments”) will be delayed
to the end of such six (6)-month period. There will be no adjustment in the delayed payments to
reflect the deferred payment date. The Bank will pay the aggregate delayed payments in a lump sum
at the beginning of the seventh month following Executive’s Separation from Service. In the event
of Executive’s death during such six (6)-month period, payment of any delayed payments will be made
in the payroll period next following the payroll period in which Executive’s death occurs.

     3. FORFEITURE UPON TERMINATION FOR CAUSE; PAYMENT UPON CHANGE IN CONTROL.

     A. Forfeiture Upon Termination for Cause.

     Anything in this Agreement to the contrary notwithstanding, if Executive’s employment is
terminated for Cause, the annual benefit payable in accordance with Section 1.A. or Section

4

 

1.B. hereof shall be forfeited. If Executive or his Beneficiary has received any monthly
installments of the annual benefit payable in accordance with Section 1.A. or Section 1.B. hereof
and it is subsequently determined that the Executive was terminated for Cause, then the monthly
installments previously paid shall be returned by Executive or his Beneficiary, as the case may be,
to the Bank, and no further monthly installments shall be payable under this Agreement.

     B. Payment Upon Termination Without Cause or for Good Reason After a Change in
Control.

     Anything in this Agreement to the contrary notwithstanding, if the Bank terminates Executive’s
employment without Cause within two (2) years after a Change in Control or if Executive terminates
his employment for Good Reason within two (2) years after a Change in Control, Executive shall be
deemed to have completed five (5) years of Service as of his Separation from Service for purposes
of determining his entitlement to the Retirement Benefit provided in Section 1.A. and payment shall
commence to be made on the first day of the month immediately following Executive’s Separation from
Service regardless of whether he shall have attained age sixty (60), subject, however, to a six
(6)- month delay in payment under Section 409A of the Code as described in Section 2 if Executive
is a Specified Employee on the date of his Separation from Service.

     4. ABSENCE OF FUNDING. Benefits payable pursuant to this Agreement shall not be
funded, and the Bank shall not be required to segregate or earmark any of its assets for the
benefit of Executive. Such benefits shall not be subject in any manner to anticipation,
alienation,

5

 

transfer or assignment by Executive, and any attempt to anticipate, alienate, transfer or
assign these benefits shall be void. Executive shall have only the right of an unsecured general
creditor of the Bank for the benefits hereunder.

     5. DEFINITIONS

     Capitalized terms used in this Agreement and not otherwise defined shall have the following
meanings:

     “Beneficiary” shall mean one or more persons, estates or other entities designated on
Exhibit A to this Agreement that are entitled to receive the Death Benefit payable under Section
1.B. of this Agreement upon the death of Executive.

     “Board” shall mean the Board of Directors of Rockville Bank.

     “Cause” shall mean Executive’s willful and continued failure to substantially perform
his duties as Executive Vice President of the Bank (other than any such failure resulting from
incapacity due to physical or mental illness or Disability) which failure is demonstrably and
materially damaging to the financial condition or reputation of the Bank and/or its affiliates, and
which failure continues more than forty-eight (48) hours after a written demand for substantial
performance is delivered to Executive by the Board, which demand specifically identifies the manner
in which the Board believes that Executive has not substantially performed his duties and the
demonstrable and material damage caused thereby; or the willful engaging by Executive in conduct
which is demonstrably and materially injurious to the Bank or its affiliates, monetarily or
otherwise. No act, or failure to act, on the part of Executive shall be deemed

6

 

“willful” unless
done, or omitted to be done, by Executive not in good faith and without reasonable belief that
his action or omission was in the best interest of the Bank. Notwithstanding the foregoing,
Executive shall not be deemed to have been terminated for Cause unless and until there shall have
been delivered to Executive a copy of a resolution duly adopted by the affirmative vote of not less
than three-quarters (3/4) of the entire membership of the Board at a meeting of the Board (after
reasonable notice to Executive and an opportunity for Executive, together with Executive’s counsel,
to be heard before the Board) finding that, in the good faith opinion of the Board, Executive was
guilty of conduct set forth above in this definition and specifying the particulars thereof in
detail.

     “Change in Control.” A “Change in Control” shall be deemed to have occurred if, during
the term of this Agreement:

     (i) the Company, or the mutual holding company parent of the Company, whether it remains a
mutual holding company or converts to the stock form of organization (the “Mutual Holding
Company”), merges into or consolidates with another corporation, or merges another corporation into
the Company or the Mutual Holding Company, and as a result, with respect to the Company, less than
a majority of the combined voting power of the resulting corporation immediately after the merger
or consolidation is held by “Persons” as such term is used for purposes of Section 13(d) or 14(d)
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) who were stockholders of
the Company immediately before the merger or consolidation or, with respect to the Mutual Holding
Company, less than a majority of the

7

 

directors of the resulting corporation immediately after the merger or consolidation were
directors of the Mutual Holding Company immediately before the merger or consolidation;

     (ii) following a conversion of the Mutual Holding Company to the stock form of organization,
any Person (other than any trustee or other fiduciary holding securities under an employee benefit
plan of the Bank or the Company), becomes the “Beneficial Owner” (as defined in Rule 13d-3 under
the Exchange Act), directly or indirectly, of securities of the resulting corporation representing
50% or more of the combined voting power of the resulting corporation’s then-outstanding
securities;

     (iii) during any period of twenty-four (24) months (not including any period prior to the
Effective Date of this Agreement), individuals who at the beginning of such period constitute the
board of directors of the Company, and any new director (other than (A) a director nominated by a
Person who has entered into an agreement with the Company to effect a transaction described in
subsections (i), (ii) or (iv) hereof, (B) a director nominated by any Person (including the
Company) who publicly announces an intention to take or to consider taking actions (including, but
not limited to, an actual or threatened proxy contest) which if consummated would constitute a
Change in Control or (C) a director nominated by any Person who is the Beneficial Owner, directly
or indirectly, of securities of the Company representing 50% or more of the combined voting power
of the Company’s securities) whose election by the board of directors of the Company or nomination
for election by the Company’s stockholders was approved in advance by a vote of at least two-thirds
(2/3) of the directors then still in office who either were directors

8

 

at
the beginning of the period or whose election or nomination for election was previously so
approved, cease for any reason to constitute at least a majority thereof;

     (iv) the stockholders of the Company approve a plan of complete liquidation of the Company or
an agreement for the sale or disposition by the Company of all or substantially all of the
Company’s assets; or

     (v) the board of directors of the Company adopts a resolution to the effect that, for purposes
of this Agreement, a Change in Control has occurred.

     “Code” shall mean the Internal Revenue Code of 1986, as amended.

     “Death Benefit” shall mean the benefit provided to Executive’s Beneficiary in
accordance with Section 2.B.

     “Disability” shall have the meaning ascribed to it by Section 409A of the Code and the
regulations thereunder.

     “Good Reason” shall mean, without Executive’s express written consent, the occurrence
of any of the following circumstances unless, in the case of subsections (i), (iv), (vi) or (viii)
hereof, such circumstances are fully corrected prior to the date of termination specified in the
notice of termination given in respect thereof:

     (i) the assignment to Executive of duties inconsistent with Executive’s position and status as
Executive Vice President, or an alteration, adverse to Executive, in Executive’s position and
status as Executive Vice President or in the nature of Executive’s duties, responsibilities, and
authorities or conditions of Executive’s employment from those relating to Executive position

9

 

and status as Executive Vice President (excluding inadvertent actions which are promptly
remedied); except the foregoing shall not constitute Good Reason if occurring in connection with
the termination of Executive’s employment for Cause, Disability, retirement, as a result of
Executive’s death, or as a result of action by or with the consent of Executive; for purposes
hereof, references to the Bank or the Company (and to the Board of the Bank or the Company and to
the stockholders of the Company) refer to the ultimate parent company (and its board and
stockholders) succeeding the Company (or the Mutual Holding Company) following an acquisition in
which the corporate existence of the Company (or the Mutual Holding Company) continues;

     (ii) a reduction in compensation or benefits, except for across-the-board reductions similarly
affecting all senior executives of the Bank and all senior executives of any Person in control of
the Company;

     (iii) the relocation of the principal place of Executive’s employment to a site that is
outside of a fifty (50) mile radius of his principal place of employment prior to such relocation;
for this purpose, required travel on the Bank’s business will not constitute a relocation so long
as the extent of such travel is substantially consistent with Executive’s customary business travel
obligations in periods prior to the Effective Date;

     (iv) the failure by the Bank to pay to Executive any portion of Executive’s compensation or to
pay to Executive any portion of an installment of deferred compensation under any deferred
compensation program of the Bank within seven (7) days of the date such compensation is due;

10

 

     (v) the failure by the Bank to continue in effect any material compensation or benefit plan in
which Executive participated immediately prior to a Change in Control, unless an equitable
arrangement (embodied in an ongoing substitute or alternative plan) has been made with respect to
such plan, or the failure by the Bank to continue Executive’s participation therein (or in such
substitute or alternative plan) on a basis not materially less favorable, both in terms of the
amounts of compensation or benefits provided and the level of Executive’s participation relative to
other participants, as existed at the time of the Change in Control;

     (vi) the failure of the Bank to obtain a satisfactory agreement from any successor to the
Bank, the Company or the Mutual Holding Company to fully assume the Bank’s and the Company’s
obligations and to perform under this Agreement, in a form reasonably acceptable to Executive; or

     (vii) any failure by the Bank to perform any material obligation under, or breach by the Bank
of any material provision of, this Agreement.

     “Retirement Benefit” shall mean the benefit payable to Executive in accordance with
Section 1.A.

     “Separation from Service” shall mean a termination of employment with the Bank and any
affiliated employer, which shall be determined by the Bank on the basis of all relevant facts and
circumstances and with reference to Treasury Regulations Section 1.409A-1(h).

     “Service” shall mean Executive’s period of employment with the Bank or an affiliated
employer that is counted as service for vesting purposes under the Bank’s 401(k) Plan.

11

 

     “Specified Employee” shall mean an employee of the Bank who satisfies the requirements
for being designated a “key employee” under Section 416(i)(1)(A)(i), (ii) or (iii) of the Code
without regard to Section 416(i)(5) of the Code at any time during a calendar year, in which case
such employee shall be considered a Specified Employee for the twelve-month period beginning on the
first day of the fourth month immediately following the end of such calendar year. In the event of
any corporate spinoff or merger, the determination of which employees meet the requirements of
Section 416(i)(1)(A)(i), (ii) or (iii) of the Code without regard to Section 416(i)(5) of the Code
for any calendar year shall be determined in accordance with Regulations Section 1.409A-1(i)(2).

     6. MISCELLANEOUS.

          A. This Agreement may be amended at any time by mutual written agreement of the parties
hereto, but no amendment shall operate to give Executive, either directly or indirectly, any
interest whatsoever in any funds or assets of the Bank, except the right to receive the payments
herein provided.

          B. Nothing contained herein shall impose any obligation on the Bank to continue the employment
of the Executive.

          C. This Agreement shall be construed in accordance with and governed by the laws of the State
of Connecticut, except to the extent that such laws are preempted by Federal law. Anything in this
Agreement to the contrary notwithstanding, the terms of this Agreement shall be interpreted and
applied in a manner consistent with the requirements of Section 409A of

12

 

the Code and the Treasury Regulations thereunder and the Bank shall have no right to
accelerate or make any payment under this Agreement except to the extent permitted under Section
409A of the Code. The Bank shall have no obligation, however, to reimburse Executive for any tax
penalty or interest payable or provide a gross-up payment in connection with any tax liability of
Executive under Section 409A of the Code except that this provision shall not apply in the event of
the Bank’s negligence or willful disregard in interpreting the application of Section 409A of the
Code to this Agreement which negligence or willful disregard causes Executive to become subject to
a tax penalty or interest payable under Section 409A of the Code.

          D. This Agreement shall be binding upon the successors of the Bank. The Bank shall require
any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all
or substantially all of the business and/or assets of the Bank to expressly assume and agree to
perform the obligations of the Bank under this Agreement in the same manner and to the same extent
that the Bank would have been required to perform such obligations if no such succession had taken
place and such assumption shall be an express condition to the consummation of any such purchase,
merger, consolidation or other transaction.

          E. The Bank shall be responsible for the administration of this Agreement and shall have the
sole discretion to determine all questions arising in connection with the Agreement, to interpret
the provisions of the Agreement and to construe all of its terms. All such actions of the Bank
shall be conclusive and binding upon Executive, his Beneficiary and

13

 

other persons. Claims for
benefits under this Agreement shall be decided in accordance with the
claims procedures provisions set forth in the Bank’s 401(k) Plan, which are incorporated herein by
this reference.

          F. The Bank may withhold from any benefit payable under this Agreement an amount sufficient to
satisfy its tax withholding obligations.

     IN WITNESS WHEREOF, the Bank and Executive have executed this Agreement as of the day and year
first above written.

	 	 	 	 	 	 	 

	 	 	ROCKVILLE BANK	 	 
	 
	 

	 	By
	 	/s/  Anne
McConnell

	 	 
	 

	 	 	 	Anne McConnell	 	 
	 

	 	 	 	Vice President of Human
Resources	 	 
	 
	 
	 	 	 	 	 	 
	 	 	ROCKVILLE FINANCIAL, INC.	 	 
	 
	 

	 	By
	 	/s/  Judy
Keppner Clark
	 	 
	 

	 	 
	 	Judy Keppner Clark	 	 
	 

	 	 	 	Corporate Secretary	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/  Richard J. Trachimowicz

Richard J. Trachimowicz
	 	 
	 

	 	 	 	  	 	 
	 
	 	 	 	 	 	 

14exv10w48

Exhibit 10.48

TRIDENT MICROSYSTEMS, INC.

AMENDED AND RESTATED EXECUTIVE RETENTION AND

SEVERANCE PLAN

     
1. Establishment and Purpose

          1.1 Establishment. The Trident Microsystems, Inc. Executive Retention and Severance Plan (the
“Plan”) was initially established by the Compensation Committee of the Board of Directors of
Trident Microsystems, Inc. (the “Committee”), effective January 23, 2008. The Plan is hereby
amended and restated in its entirety by the Committee effective December 15, 2010 (the “Effective
Date”). This Amended and Restated Executive Retention and Severance Plan is referred to hereafter
as the “Amended Plan”. As of the Effective Date, the Plan is of no further force or legal effect,
except as to any Plan Participants who fail to execute a Participation Agreement pursuant to the
Amended Plan.

          1.2 Purpose. The Company draws upon the knowledge, experience and advice of the executive
officers and key employees of the Company and its subsidiaries in order to manage its business for
the benefit of the Company’s stockholders. Due to the widespread awareness of the possibility of
mergers, acquisitions and other strategic alliances in the Company’s industry, the topic of
compensation and other employee benefits in the event of a Change in Control is an issue in
competitive recruitment and retention efforts. The Committee recognizes that the possibility or
pending occurrence of a Change in Control could lead to uncertainty regarding the consequences of
such an event and could adversely affect the Company’s ability to attract, retain and motivate
executive officers and key employees. The Committee has therefore determined that it is in the
best interests of the Company and its stockholders to provide for the continued dedication of
executive officers and key employees notwithstanding the possibility or occurrence of a Change in
Control by establishing this Amended Plan to provide designated executive officers and key
employees with enhanced financial security in the event of a Change in Control, as well as to
provide those individuals with appropriate severance payments and benefits in the event of the
termination of their employment under certain circumstances. The purpose of this Plan is to
provide its Participants with specified compensation and benefits in the event of a termination of
their employment under the circumstances specified herein. The Company intends that all payments
pursuant to the Amended Plan be exempt from or comply with all applicable requirements of Section
409A (as defined below), and the Amended Plan shall be so construed.

     
2. Definitions and Construction

          2.1 Definitions. Whenever used in this Amended Plan, the following terms shall have the
meanings set forth below:

               (a) “Annual Bonus Rate” means an amount equal to the aggregate of all annual incentive bonuses
that would be earned by the Participant at the targeted annual rate (assuming attainment of 100% of
all applicable performance goals) under the terms of the programs, plans or agreements providing
for such bonuses in which the Participant was

-1-

 

participating for the fiscal year of the Company in which the Termination Upon a Change in
Control occurs. For this purpose, annual incentive bonuses shall not include signing bonuses or
other nonrecurring cash incentive awards.

               (b) “Base Salary Rate” in the case of a Termination Upon a Change in Control means the greater
of the Participant’s (i) monthly base salary rate in effect immediately prior to the Participant’s
Termination Upon a Change in Control, or (ii) monthly base salary rate in effect immediately prior
to the Change in Control, in either case without giving effect to any reduction in the
Participant’s base salary rate that constitutes Good Reason. “Base Salary Rate” in the case of a
Termination Not in Connection With a Change in Control means the Participant’s monthly base salary
rate in effect immediately prior to the Participant’s Termination Not in Connection With a Change
in Control. For the purposes of this subsection (b), base salary does not include any bonuses,
commissions, fringe benefits, car allowances, other irregular payments or any other compensation
except base salary.

               (c) “Board” means the Board of Directors of the Company.

               (d) “Cause” means the occurrence of any of the following: (1) the Participant’s theft,
dishonesty, misconduct, breach of fiduciary duty for personal profit, or falsification of any
documents or records of the Company Group; (2) the Participant’s material failure to abide by the
code of conduct or other policies (including, without limitation, policies relating to
confidentiality and reasonable workplace conduct) of any member of the Company Group; (3)
misconduct by the Participant within the scope of Section 304 of the Sarbanes-Oxley Act of 2002 as
a result of which of the Company is required to prepare an accounting restatement; (4) the
Participant’s unauthorized use, misappropriation, destruction or diversion of any tangible or
intangible asset or corporate opportunity of a member of the Company Group (including, without
limitation, the Participant’s improper use or disclosure of the confidential or proprietary
information of a member of the Company Group); (5) any intentional act by the Participant which has
a material detrimental effect on the reputation or business of a member of the Company Group; (6)
the Participant’s repeated failure or inability to perform any reasonable assigned duties after
written notice from a member of the Company Group of, and a reasonable opportunity to cure, such
failure or inability; (7) any material breach by the Participant of any employment, non-disclosure,
non-competition, non-solicitation or other similar agreement between the Participant and a member
of the Company Group, which breach is not cured pursuant to the terms of such agreement; or (8) the
Participant’s conviction (including any plea of guilty or nolo contendere) of any criminal act
involving fraud, dishonesty, misappropriation or moral turpitude, or which impairs the
Participant’s ability to perform his or her duties with a member of the Company Group.

               (e) “Change in Control” means, except as otherwise provided in the Participation Agreement
applicable to a given Participant, the occurrence of any of the following:

                    (1) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)), other than a trustee or other fiduciary holding
securities of the Company under an employee benefit plan of the Company, acquires (or has acquired
during the 12-month period ending on the date of the

-2-

 

most recent acquisition by such person) “beneficial ownership” (as defined in Rule 13d-3
promulgated under the Exchange Act), directly or indirectly, of stock of the Company representing
more than percent (50%) of the total combined voting power of the Company’s then-outstanding stock
entitled to vote generally in the election of directors;

                    (2) the Company is party to a merger or consolidation which results in the holders of the
voting stock of the Company outstanding immediately prior thereto failing to retain immediately
after such merger or consolidation direct or indirect beneficial ownership of more than fifty
percent (50%) of the total combined voting power of the stock entitled to vote generally in the
election of directors of the Company or the surviving entity outstanding immediately after such
merger or consolidation;

                    (3) the sale or disposition of all or substantially all of the Company’s assets or
consummation of any transaction having similar effect (other than a sale or disposition to one or
more subsidiaries of the Company); or

                    (4) a change in the composition of the Board within any consecutive 12-month period as a
result of which fewer than a majority of the directors are Incumbent Directors;

provided, however, that a Change in Control shall be deemed not to include a transaction
described in subsections (1) or (2) of this Section in which a majority of the members of the board
of directors of the continuing, surviving or successor entity, or parent thereof, immediately after
such transaction is comprised of directors who were members of the Board immediately prior to
consummation of such transaction. Notwithstanding the foregoing, to the extent that any amount
constituting Section 409A Deferred Compensation would become payable under this Amended Plan by
reason of a Change in Control, such amount shall become payable only if the event constituting a
Change in Control would also constitute a change in ownership or effective control of the Company
or a change in the ownership of a substantial portion of the assets of the Company within the
meaning of Section 409A.

               (f) “Change in Control Period” means (1) with respect to a Participant who is the Chief
Executive Officer, a period commencing upon the consummation of a Change in Control Period and
ending on the date occurring twenty-four (24) months thereafter, and (2) with respect to a
Participant who is an Executive Officer (other than the Chief Executive Officer), a period
commencing upon the consummation of a Change in Control and ending on the date occurring eighteen
(18) months thereafter.

               (g) “Chief Executive Officer” means (1) for purposes of a Termination Upon a Change in
Control, the individual who, immediately prior to the consummation of a Change in Control, serves
as the Company’s Chief Executive Officer appointed by the Board, and (2) for purposes of a
Termination Not in Connection With a Change in Control, any individual who, at the time of such
Termination, serves as the Company’s Chief Executive Officer appointed by the Board.

               (h) “Code” means the Internal Revenue Code of 1986, as amended, or any successor thereto and
any applicable regulations promulgated thereunder.

-3-

 

               (i) “Committee” means the Compensation Committee of the Board.

               (j) “Company” means Trident Microsystems, Inc., a Delaware corporation, and, following a
Change in Control, a Successor that agrees to assume all of the terms and provisions of this Plan
or a Successor which otherwise becomes bound by operation of law to this Amended Plan.

               (k) “Company Group” means the group consisting of the Company and each present or future
parent and subsidiary corporation or other business entity thereof.

               (l) “Disability” means a Participant’s permanent and total disability within the meaning of
Section 22(e)(3) of the Code.

               (m) “Equity Award” means any Option, Restricted Stock, Restricted Stock Units, performance
shares, performance units or other stock-based compensation award granted by the Company or any
other Company Group member to a Participant, including any such award which is assumed by, or for
which a replacement award is substituted by, the Successor or any other member of the Company Group
in connection with a Change in Control.

               (n) “Executive Officer” means (1) for purposes of a Termination Upon a Change in Control, an
individual who, immediately prior to the consummation of a Change in Control, serves as an
executive officer of the Company appointed by the Board, and (2) for purposes of a Termination Not
in Connection With a Change in Control, any individual who, at the time of such Termination, serves
as an executive officer of the Company appointed by the Board.

               (o) “Good Reason” means the occurrence of any of the following conditions without the
Participant’s informed written consent, which condition(s) remain(s) in effect thirty (30) days
after written notice to the Company from the Participant of such condition(s) and which notice must
have been given within ninety (90) days following the initial occurrence of such condition(s):

                    (1) a material diminution in the Participant’s authority, duties or responsibilities, causing
the Participant’s position to be of materially lesser rank or responsibility within the Company or
an equivalent business unit of its parent, as measured against the Participant’s authority, duties
or responsibilities at any time during the ninety (90) day period prior to the date on which the
required notice of Good Reason is delivered by the Participant;

                    (2) a material diminution in the authority, duties or responsibilities of the officer to whom
the Participant is required to report, causing such officer’s position to be of materially lesser
rank or responsibility within the Company or an equivalent business unit of its parent, as measured
against the authority, duties and responsibilities of the officer to whom the Participant was
required to report at any time during the ninety (90) day period prior to the date on which the
required notice of Good Reason is delivered by the Participant, including a requirement that the
Participant report to a corporate officer or employee instead of reporting directly to the board of
directors of the Company Group or the Successor;

-4-

 

                    (3) a material decrease in the Participant’s Base Salary Rate or Annual Bonus Rate (subject to
applicable performance requirements with respect to the actual amount of the Annual Bonus Rate
earned and paid), other than any such material decrease that occurs in connection with a decrease
that is imposed on all employees of the Company Group at the time of such decrease;

                    (4) a material decrease in the size of the budget within the Company Group over which the
Participant has responsibility, measured against the budget within the Company Group over which the
Participant had responsibility at any time during the ninety (90) day period prior to the date on
which the required notice of Good Reason is delivered by the Participant;

                    (5) the relocation of the Participant’s work place for the Company Group to a location that
increases the regular commute distance between the Participant’s residence and work place by more
than thirty (30) miles (one-way); or

                    (6) any material breach of this Amended Plan by the Company or its Successor with respect to
the Participant.

The existence of Good Reason shall not be affected by the Participant’s temporary incapacity due to
physical or mental illness not constituting a Disability. The Participant’s continued employment
for a period not exceeding one hundred eighty (180) days following the occurrence of any condition
constituting Good Reason shall not constitute consent to, or a waiver of rights with respect to,
such condition. For the purposes of any determination regarding the existence of Good Reason
hereunder, any claim by the Participant that Good Reason exists shall be presumed to be correct
unless the Company establishes to the Board that Good Reason does not exist, and the Board, acting
in good faith, affirms such determination by a vote of not less than two-thirds of its entire
membership (excluding the Participant if the Participant is a member of the Board).

               (p) “Incumbent Director” means a director who either (1) is a member of the Board as of the
Effective Date, or (2) is elected, or nominated for election, to the Board with the affirmative
votes of at least a majority of the Incumbent Directors at the time of such election or nomination,
but (3) was not elected or nominated in connection with an actual or threatened proxy contest
relating to the election of directors of the Company.

               (q) “Key Employee” means an individual, other than the Chief Executive Officer or an Executive
Officer, who has been designated by the Board or Committee as eligible to participate in the
Amended Plan.

               (r) “Option” means any option to purchase shares of the capital stock of the Company or of any
other member of the Company Group granted to a Participant by the Company or any other Company
Group member, whether granted before or after a Change in Control, including any such option which
is assumed by, or for which a replacement option is substituted by, the Successor or any other
member of the Company Group in connection with a Change in Control.

-5-

 

               (s) “Participant” means each Chief Executive Officer, Executive Officer, and Key Employee
designated by the Committee to participate in the Amended Plan, provided such individual has
executed a Participation Agreement.

               (t) “Participation Agreement” means an Agreement to Participate in the Amended Plan in the
form attached hereto as Exhibit A or in such other form as the Committee may approve from
time to time; provided, however, that, after a Participation Agreement has been entered into
between a Participant and the Company, it may be modified only by a supplemental written agreement
executed by both the Participant and the Company. The terms of such forms of Participation
Agreement need not be identical with respect to each Participant. For example, a Participation
Agreement may limit the duration of a Participant’s participation in the Amended Plan or may modify
the definitions of “Change in Control,” “Cause,” or “Good Reason” with respect to a Participant.

               (u) “Performance-Based Equity Award” means an Equity Award granted to a Participant prior to a
Change in Control, the vesting or earning of which is conditioned in whole or in part upon the
achievement of one or more performance goals (e.g., the attainment of a target stock price or
achievement of a corporate financial goal), notwithstanding that the vesting or earning of such
Equity Award may also be conditioned upon the continued performance of services by the Participant
for the Company Group.

               (v) “Release” means a general release of all known and unknown claims against the Company
Group and its affiliates and their stockholders, directors, officers, employees, agents, successors
and assigns substantially in the form attached hereto as Exhibit B (“General Release of
Claims [Age 40 and over]”) or Exhibit C (“General Release of Claims [Under age 40]”),
whichever is applicable, with any modifications thereto determined by legal counsel to the Company
Group to be necessary or advisable to comply with applicable law or to accomplish the intent of
Section 10 (Exclusive Remedy) hereof.

               (w) “Restricted Stock” means any compensatory award of shares of the capital stock of the
Company or of any other member of the Company Group granted to a Participant by the Company or any
other Company Group member, whether such shares are granted or acquired before or after a Change in
Control, including any shares issued in exchange for any such shares by the Successor or any other
member of the Company Group in connection with a Change in Control.

               (x) “Restricted Stock Units” mean any compensatory award of rights to receive shares of the
capital stock or cash in an amount measured by the value of shares of the capital stock of the
Company or of any other member of the Company Group granted to a Participant by the Company or any
other Company Group member, whether such rights are granted before or after a Change in Control,
including any such rights assumed by, or issued in exchange for any such rights by, the Successor
or any other member of the Company Group in connection with a Change in Control.

               (y) “Section 409A” means Section 409A of the Code and any applicable regulations and other
administrative guidance promulgated thereunder.

-6-

 

               (z) “Section 409A Deferred Compensation” means compensation and benefits provided by the
Amended Plan that constitute deferred compensation subject to and not exempted from the
requirements of Section 409A.

               (aa) “Separation from Service” means a separation from service within the meaning of Section
409A.

               (bb) “Service-Based Equity Award” means an Equity Award granted to a Participant prior to a
Change in Control, the vesting or earning of which is conditioned solely upon the continued
performance of services by the Participant for the Company Group.

               (cc) “Severance Benefit Period” means (1) with respect to a Participant who is the Chief
Executive Officer (i) for purposes of Section 5 of this Amended Plan, a period of twenty-four (24)
months, and (ii) for purposes of Section 6 of this Amended Plan, a period of twelve (12) months,
(2) with respect to a Participant who is an Executive Officer (other than the Chief Executive
Officer), a period of twelve (12) months, and (3) with respect to a Participant who is a Key
Employee, a period as determined by the Committee and set forth in such Participant’s Participation
Agreement.

               (dd) “Specified Employee” means a specified employee within the meaning of Section 409A.

               (ee) “Successor” means any successor in interest to substantially all of the business and/or
assets of the Company.

               (ff) “Termination” means the termination of a Participant’s employment by the Company Group,
or a resignation by a Participant from all employment with the Company Group. Upon a Participant’s
Termination for any reason (including, but not limited to, his/her Termination Not in Connection
With a Change in Control or Termination Upon a Change in Control), he/she shall have the right to
exercise his/her vested Option(s) for the post-Termination exercise period set forth in the
applicable Company Option plan(s)/agreement(s), or any longer exercise period set forth in any
separate employment or other agreement between the Participant and the Company (including without
limitation any Participation Agreement).

               (gg) “Termination Not in Connection With a Change in Control” means a Termination of the
Participant by the Company Group for any reason other than Cause outside the Change in Control
Period. A Termination Not in Connection With a Change in Control will not include any Termination
which is (i) for Cause, (ii) a result of the Participant’s death or Disability, or (iii) a result
of the Participant’s voluntary termination of employment for any reason.

               (hh) “Termination Upon a Change in Control” means the occurrence of any of the following
events during the Change in Control Period:

                    (1) termination by the Company Group of the Participant’s employment for any reason other than
Cause; or

-7-

 

                    (2) the Participant’s resignation for Good Reason from all capacities in which the Participant
is then rendering service to the Company Group, provided that such resignation occurs no later than
one hundred eighty (180) days following the initial occurrence of the condition constituting Good
Reason;

provided, further, however, that Termination Upon a Change in Control shall not include any
termination of the Participant’s employment which is (i) for Cause, (ii) a result of the
Participant’s death or Disability, or (iii) a result of the Participant’s voluntary termination of
employment other than for Good Reason.

          2.2 Construction. Captions and titles contained herein are for convenience only and shall not
affect the meaning or interpretation of any provision of the Amended Plan. Except when otherwise
indicated by the context, the singular shall include the plural and the plural shall include the
singular. Use of the term “or” is not intended to be exclusive, unless the context clearly
requires otherwise.

     3. Eligibility

          The Committee shall designate those Executive Officers and Key Employees of the Company or any
other member of the Company Group who shall be eligible to become Participants in the Amended Plan.
To become a Participant, the designated Executive Officer or Key Employee must execute a
Participation Agreement on or after the Effective Date.

     4. Treatment of Equity Awards Upon a Change in Control

          4.1 Acceleration of Vesting Upon Non-Assumption of Service-Based Equity Awards.
Notwithstanding any provision to the contrary contained in any plan or agreement evidencing a
Service-Based Equity Award, in the event of a Change in Control in which the surviving, continuing,
successor, or purchasing corporation or other business entity or parent thereof, as the case may be
(the “Acquiring Corporation”), does not assume or continue the Company’s rights and obligations
under the then-outstanding Service-Based Equity Award or substitute for such Service-Based Equity
Award a substantially equivalent equity award for the Acquiring Corporation’s stock, then the
vesting and exercisability of such Service-Based Equity Award which is not assumed, continued or
substituted for shall be accelerated in full effective immediately prior to but conditioned upon
the consummation of the Change in Control, provided that the Participant remains an employee or
other service provider with the Company Group immediately prior to the Change in Control.

          4.2 Acceleration of Vesting of Performance-Based Equity Awards. Notwithstanding any provision
to the contrary contained in any plan or agreement evidencing a Performance-Based Equity Award, in
the event of a Change in Control the vesting and exercisability of such Performance-Based Equity
Awards shall be accelerated in full immediately prior to but conditioned upon the consummation of
the Change in Control (assuming for the purpose of determining the extent of such acceleration, if
applicable, that one hundred percent (100%) of the target level of performance has been achieved),
provided that the Participant remains an employee or other service provider with the Company Group
immediately prior to the Change in Control.

-8-

 

The provisions of this Section 4 with respect to all amounts that constitute Section 409A Deferred
Compensation shall be subject to, limited by and construed in accordance with the requirements of
Section 409A and Section 8.2 below.

     5. Termination Upon a Change in Control

          In the event of a Participant’s Termination Upon a Change in Control:

          5.1 Accrued Obligations. The Participant shall be entitled to receive:

               (a) all salary, commissions, bonuses (including any annual incentive bonuses earned by the
Participant for the fiscal year prior to the year of the Participant’s Termination which remain
unpaid as of the date of such Termination) and accrued but unused vacation earned through the date
of the Participant’s termination of employment;

               (b) reimbursement within ten (10) business days of submission, within thirty (30) days
following the Participant’s termination of employment, of proper expense reports of all expenses
reasonably and necessarily incurred by the Participant in connection with the business of the
Company Group prior to his or her termination of employment; and

               (c) the benefits, if any, under any Company Group retirement plan, nonqualified deferred
compensation plan or stock-based compensation plan or agreement (other than any such plan or
agreement pertaining to an Equity Award whose treatment is prescribed by Section 4 or Section
5.2(c)), health benefits plan or other Company Group benefit plan to which the Participant may be
entitled pursuant to the terms of such plans or agreements.

The compensation and benefits described in this Section 5.1 are hereafter referred to as the
“Accrued Obligations”.

          5.2 Severance Benefits. Provided that the Participant executes the Release applicable to such
Participant and such Release becomes effective in accordance with its terms prior to the applicable
date on which payment is to be made, the Participant shall be entitled to receive the following
severance payments and benefits:

               (a) Salary and Bonus. Subject to Section 8.2, the Company shall pay to the Participant in a
lump sum cash payment on the sixtieth (60th) day following the Participant’s Termination Upon a
Change in Control an amount equal to the sum of:

                    (1) the product of the Participant’s Severance Benefit Period and the Participant’s Base
Salary Rate; and

                    (2) (i) for a Participant who is the Chief Executive Officer, two hundred percent (200%) of
the Participant’s Annual Bonus Rate, (ii) for a Participant who is an Executive Officer (other than
the Chief Executive Officer), one hundred percent (100%) of the Participant’s Annual Bonus Rate and
(iii) for a Participant who is a Key Employee, such percentage of the Participant’s Annual Bonus
Rate as is determined by the Committee and set forth in such Participant’s Participation Agreement;
and

-9-

 

               (b) Health and Life Insurance Benefits. Subject to Section 8.2, for the period commencing
immediately following the Participant’s Termination Upon a Change in Control and continuing for the
duration of the Severance Benefit Period applicable to the Participant, the Company shall arrange
to provide the Participant and his or her dependents with health benefits (including medical and
dental) and life insurance substantially similar to that provided to the Participant and his or her
dependents immediately prior to the date of such termination of employment, including the
continuation of Exec-U-Care or any similar policy in force for the benefit of the Participant
immediately prior to the Termination Upon a Change in Control or shall reimburse the Participant
for the cost of obtaining such benefits to the extent described below. Such benefits shall be
provided to the Participant at the same premium cost to the Participant and at the same coverage
level as in effect as of the Participant’s Termination Upon a Change in Control; provided, however,
that the Participant shall be subject to any change in the premium cost and/or level of coverage
applicable generally to all employees holding the position or comparable position with the Company
Group which the Participant held immediately prior to the Termination Upon a Change in Control.
The Company may satisfy its obligation to provide a continuation of health benefits, other than
continuation of the Exec-U-Care or similar policy, by paying that portion of the Participant’s
premiums required under the Consolidated Omnibus Reconciliation Act of 1985 (“COBRA”) that exceeds
the amount of premiums that the Participant would have been required to pay for continuing coverage
had he or she continued in employment. If the Company is not reasonably able to continue such
coverage under the Company’s health benefit plans, the Company shall provide substantially
equivalent coverage under other sources or will reimburse (without a tax gross-up) the Participant
for premiums (in excess of the Participant’s premium cost described above) incurred by the
Participant to obtain his or her own such coverage. If the Participant and/or the Participant’s
dependents become eligible to receive such coverage under another employer’s health benefit plans
during the applicable Severance Benefit Period, the Participant shall report such eligibility to
the Company, and the Company’s obligations under this subsection shall be secondary to the coverage
provided by such other employer’s plans. For the balance of any period in excess of the applicable
Severance Benefit Period during which the Participant is entitled to continuation coverage under
COBRA, the Participant shall be entitled to maintain coverage for himself or herself and the
Participant’s eligible dependents at the Participant’s own expense; and

               (c) Acceleration of Vesting of Equity Awards. Notwithstanding any provision to the contrary
contained in any plan or agreement evidencing an Equity Award granted to a Participant but, subject
to Section 8.2, the vesting, exercisability and settlement of each of the Participant’s outstanding
Equity Awards which were not otherwise accelerated pursuant to Section 4 shall be accelerated in
full effective as of the date on which the Release becomes effective so that each Equity Award held
by the Participant shall be immediately exercisable and fully vested (and, in the case of
Restricted Stock Units, performance shares, performance units and similar stock-based compensation,
shall be settled in full), as of the date on which the Release becomes effective (provided,
however, that with respect to Section 409A Deferred Compensation, the effective date of the vesting
and settlement shall be the date which is sixty (60) days following the Participant’s Termination
Upon a Change in Control).

-10-

 

          5.3 Indemnification; Insurance.

               (a) In addition to any rights a Participant may have under any indemnification agreement
previously entered into between the Company and such Participant (a “Prior Indemnity Agreement”),
from and after the date of the Participant’s Termination Upon a Change in Control, the Company
shall indemnify and hold harmless the Participant against any costs or expenses (including
attorneys’ fees), judgments, fines, losses, claims, damages or liabilities incurred in connection
with any claim, action, suit, proceeding or investigation, whether civil, criminal, administrative
or investigative, by reason of the fact that the Participant is or was a director, officer,
employee or agent of the Company Group, or is or was serving at the request of the Company Group as
a director, officer, employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, whether asserted or claimed prior to, at or after the date of the Participant’s
termination of employment, to the fullest extent permitted under applicable law, and the Company
shall also advance fees and expenses (including attorneys’ fees) as incurred by the Participant to
the fullest extent permitted under applicable law. In the event of a conflict between the
provisions of a Prior Indemnity Agreement and the provisions of this Plan, the Participant may
elect which provisions shall govern.

               (b) For a period of six (6) years from and after the date of the Termination Upon a Change in
Control of a Participant who was an officer and/or director of the Company at any time prior to
such termination of employment, the Company shall maintain a policy of directors’ and officers’
liability insurance for the benefit of such Participant which provides him/her with coverage no
less favorable than that provided for the Company’s continuing officers and directors.

     6. Termination Not in Connection With A Change in Control

          In the event of a Participant’s Termination Not in Connection With a Change in Control:

          6.1 Accrued Obligations. The Participant shall be entitled to receive the Accrued
Obligations.

          6.2 Severance Benefits. Provided that the Participant executes the Release applicable to such
Participant and such Release becomes effective in accordance with its terms prior to the applicable
date on which payment is to be made, the Participant shall be entitled to receive the following
severance payments and benefits:

               (a) Salary (and Bonus for CEO Only). Subject to Section 8.2, the Company shall pay to the
Participant in a lump sum cash payment on the sixtieth (60th) day following the Participant’s
Termination Not in Connection With a Change in Control an amount equal to (1) the sum of the
product of the Participant’s Severance Benefit Period and the Participant’s Base Salary Rate; and
(2) only for a Participant who is the Chief Executive Officer, one hundred percent (100%) of
his/her Annual Bonus Rate; and

               (b) Group Health Insurance Continuation Benefits (For U.S. based Participants only). Subject
to Section 8.2, and only with respect to Participants employed by the Company in the United States,
for the period commencing immediately following the

-11-

 

Participant’s Termination Not in Connection With a Change in Control and continuing for the
duration of the Severance Benefit Period applicable to the Participant, the Company shall pay the
Participant’s premiums required to continue the group health insurance coverage for the Participant
and his/her dependants under the Consolidated Omnibus Reconciliation Act of 1985 (“COBRA”) (less
the amount of the premiums that the Participant would have been required to pay for continuing
coverage had he or she continued in employment). The Company’s obligations under this Section 3(b)
are subject to the Participant’s timely election to obtain continuation insurance coverage under
COBRA, and the Company’s obligations under this Section 3(b) will terminate if the Participant
becomes eligible to receive group health insurance coverage under another employer’s health benefit
plans during the applicable Severance Benefit Period. (The Participant shall promptly report such
eligibility to the Company.) For the balance of any period in excess of the applicable Severance
Benefit Period during which the Participant is entitled to continuation coverage under COBRA, the
Participant shall be entitled to maintain coverage for himself or herself and the Participant’s
eligible dependents at the Participant’s own expense; and

               (c) Acceleration of Vesting of Equity Awards (For CEO Only). Notwithstanding any provision to
the contrary contained in any plan or agreement evidencing an Equity Award granted to the Chief
Executive Officer but, subject to Section 8.2, the vesting, exercisability and settlement of each
of the Chief Executive Officer’s outstanding Equity Awards which were not otherwise accelerated
pursuant to Section 4 shall be accelerated with respect to the unvested portion of such Equity
Awards that would have become vested during the one-year period following the date of his/her
Termination Not in Connection With a Change in Control as of the date on which the Release becomes
effective so that the vested portion of each Equity Award held by the Chief Executive Officer shall
be immediately exercisable and fully vested (and, in the case of Restricted Stock Units,
performance shares, performance units and similar stock-based compensation, shall be settled in
full), as of the date on which the Release becomes effective (provided, however, that with respect
to Section 409A Deferred Compensation, the effective date of the vesting and settlement shall be
the date which is sixty (60) days following the Eligible Employee’s Termination Not in Connection
With a Change in Control).

     7. Other Termination 

          In the event of a Participant’s Termination other than a Termination Upon a Change in Control
or a Termination Not in Connection With a Change in Control, he/she shall not be entitled to any
severance pay or other benefits pursuant to this Amended Plan.

     8. Certain Federal Tax Considerations

          8.1 Federal Excise Tax Under Section 4999 of the Code.

               (a) Treatment of Excess Parachute Payments. In the event that any payment or benefit received
or to be received by a Participant pursuant to this Plan or otherwise payable to the Participant
(collectively, the “Payments”) would subject the Participant to any excise tax pursuant to Section
4999 of the Code, or any similar or successor provision (the “Excise Tax”), due to the
characterization of the Payments as “excess parachute payments” under Section 280G of the Code or
any similar or successor provision (“Section 280G”), then,

-12-

 

notwithstanding the other provisions of this Amended Plan, the amount of such Payments will
not exceed the amount which produces the greatest after-tax benefit to the Participant.

               (b) Determination of Amounts. All computations and determinations called for by this Section
8.1 shall be promptly determined and reported in writing to the Company and the Participant by
independent public accountants or other independent advisors selected by the Company and reasonably
acceptable to the Participant (the “Accountants”), and all such computations and determinations
shall be conclusive and binding upon the Participant and the Company. For the purposes of such
determinations, the Accountants may rely on reasonable, good faith interpretations concerning the
application of Sections 280G and 4999 of the Code. The Company and the Participant shall furnish
to the Accountants such information and documents as the Accountants may reasonably request in
order to make their required determinations. The Company shall bear all fees and expenses charged
by the Accountants in connection with such services.

          8.2 Compliance with Section 409A. Notwithstanding any other provision of the Amended Plan to
the contrary, the provision, time and manner of payment or distribution of all compensation and
benefits provided by the Amended Plan that constitute Section 409A Deferred Compensation shall be
subject to, limited by and construed in accordance with the requirements of Section 409A, including
the following:

               (a) Separation from Service. Payments and benefits constituting Section 409A Deferred
Compensation otherwise payable or provided pursuant to Sections 5, 6, or 8.1 upon a Participant’s
Termination shall be paid or provided only at the time of a termination of Participant’s employment
which constitutes a Separation from Service.

               (b) Six-Month Delay Applicable to Specified Employees. Payments and benefits constituting
Section 409A Deferred Compensation to be paid or provided pursuant to Sections 5, 6, or 8.1
pursuant to the Separation from Service of a Participant who is a Specified Employee shall be paid
or provided commencing on the later of (1) the date that is six (6) months and one (1) day after
the date of such Separation from Service or, if earlier, the date of death of the Participant (in
either case, the “Delayed Payment Date”), or (2) the date or dates on which such Section 409A
Deferred Compensation would otherwise be paid or provided in accordance with Section 5, 6, or 8.1,
as applicable. All such amounts that would, but for this Section 8.2(b), become payable prior to
the Delayed Payment Date shall be accumulated and paid on the Delayed Payment Date.

               (c) Limitation on Health and Life Insurance Benefits. To the extent that all or any portion
of the Company’s payment or reimbursement to the Participant for the cost of the Company’s
obligation to provide health benefits and/or life insurance benefits pursuant to Sections 5.2(b) or
6.2(b) (the “Company-Provided Benefits”) would exceed an amount for which, or continue for a period
of time in excess of which, such Company Provided Benefits would qualify for an exemption from
treatment as Section 409A Deferred Compensation, the Company shall, for the duration of the
applicable Severance Benefit Period, pay or reimburse the Participant for the applicable
Company-Provided Benefits in an amount not to exceed $50,000 per calendar year or any portion
thereof included in the Severance Benefit Period. The amount of Company-Provided Benefits
furnished in any taxable year of the

-13-

 

Participant shall not affect the amount of Company-Provided Benefits furnished in any other
taxable year of the Participant. Any right of a Participant to Company-Provided Benefits shall not
be subject to liquidation or exchange for another benefit. Any reimbursement for Company-Provided
Benefits to which a Participant is entitled shall be paid no later than the last day of the
Participant’s taxable year following the taxable year in which the Participant’s expense for such
Company-Provided Benefits was incurred.

               (d) Equity Awards. The vesting of any Equity Award which constitutes Section 409A Deferred
Compensation and is held by a Participant who is a Specified Employee shall be accelerated in
accordance with Section 5.2(c) and 6.2(c) to the extent applicable; provided, however, that the
payment in settlement of any such Equity Award shall occur on the Delayed Payment Date. Equity
Awards which vest and become payable upon a Change in Control in accordance with Section 4 shall
not be subject to this Section.

     9. Conflict in Benefits; Noncumulation of Benefits

          9.1 Effect of Amended Plan. The terms of this Amended Plan, when accepted by a Participant
pursuant to an executed Participation Agreement, shall supersede all prior arrangements, whether
written or oral, and understandings regarding the subject matter of this Amended Plan and, subject
to Section 9.2, shall be the exclusive agreement for the determination of any payments and benefits
due to the Participant upon the events described in Sections 4, 5, 6, and 8.

          9.2 Noncumulation of Benefits. Except as expressly provided in a written agreement between a
Participant and the Company entered into after the date of such Participant’s Participation
Agreement and which expressly disclaims this Section 9.2 and is approved by the Committee, the
total amount of payments and benefits that may be received by the Participant as a result of the
events described in Sections 4, 5, 6, and 8 pursuant to (a) the Amended Plan, (b) any agreement
between the Participant and the Company or (c) any other plan, practice or statutory obligation of
the Company, shall not exceed the amount of payments and benefits provided by this Amended Plan
upon such events (plus any payments and benefits provided pursuant to an agreement evidencing a
Prior Indemnity Agreement), and the aggregate amounts payable under this Amended Plan shall be
reduced to the extent of any excess (but not below zero).

     10. Exclusive Remedy

          The payments and benefits provided by Sections 5, 6, and 8 (plus any payments and benefits
provided pursuant to an agreement evidencing a Prior Indemnity Agreement), if applicable, shall
constitute the Participant’s sole and exclusive remedy for any alleged injury or other damages
arising out of the cessation of the employment relationship between the Participant and the Company
in the event of the Participant’s Termination Upon a Change in Control or Termination Not in
Connection With a Change in Control . The Participant shall be entitled to no other compensation,
benefits, or other payments from the Company as a result of any Termination Upon a Change in
Control or Termination Not in Connection With a Change in Control with respect to which the
payments and benefits described in Sections 5, 6, and 8 (plus any payments and benefits provided
pursuant to an agreement evidencing a Prior Indemnity

-14-

 

Agreement), if applicable, have been provided to the Participant, except as expressly set
forth in this Amended Plan or, subject to the provisions of Section 9.2, in a duly executed
employment agreement between Company and the Participant.

     11. Proprietary and Confidential Information

          The Participant agrees to continue to abide by the terms and conditions of the confidentiality
and/or proprietary rights agreement between the Participant and the Company.

     12. Nonsolicitation

          If the Company performs its obligations to deliver the payments and benefits set forth herein
(including any payments and benefits provided pursuant to an agreement evidencing an Equity Award
or a Prior Indemnity Agreement), then for a period equal to the Severance Benefit Period applicable
to a Participant following the Participant’s Termination Upon a Change in Control, the Participant
shall not, directly or indirectly, recruit, solicit or invite the solicitation of any employees of
the Company or any other member of the Company Group to terminate their employment relationship
with the Company Group.

     13. No Contract of Employment

          Neither the establishment of the Amended Plan, nor any amendment thereto, nor the payment of
any benefits shall be construed as giving any person the right to be retained by the Company, a
Successor or any other member of the Company Group. Except as otherwise established in an
employment agreement between the Company and a Participant, the employment relationship between the
Participant and the Company is an “at-will” relationship. Accordingly, either the Participant or
the Company may terminate the relationship at any time, with or without cause, and with or without
notice except as otherwise provided by Section 17.2. In addition, nothing in this Amended Plan
shall in any manner obligate any Successor or other member of the Company Group to offer employment
to any Participant or to continue the employment of any Participant which it does hire for any
specific duration of time.

     14. Claims for Benefits

          14.1 ERISA Plan. This Amended Plan is intended to be (a) an employee welfare plan as defined
in Section 3(1) of Employee Retirement Income Security Act of 1974 (“ERISA”) and (b) a “top-hat”
plan maintained for the benefit of a select group of management or highly compensated employees of
the Company Group.

          14.2 Application for Benefits. All applications for payments and/or benefits under the Plan
(“Benefits”) shall be submitted to the Company’s Vice President, Human Resources (the “Claims
Administrator”), with a copy to the Company’s General Counsel. Applications for Benefits must be
in writing on forms acceptable to the Claims Administrator and must be signed by the Participant or
beneficiary. The Claims Administrator reserves the right to require the Participant or beneficiary
to furnish such other proof of the Participant’s expenses, including without limitation, receipts,
canceled checks, bills, and invoices as may be required by the Claims Administrator.

-15-

 

          14.3 Appeal of Denial of Claim.

               (a) If a claimant’s claim for Benefits is denied, the Claims Administrator shall provide
notice to the claimant in writing of the denial within ninety (90) days after its submission. The
notice shall be written in a manner calculated to be understood by the claimant and shall include:

                    (1) The specific reason or reasons for the denial;

                    (2) Specific references to the Amended Plan provisions on which the denial is based;

                    (3) A description of any additional material or information necessary for the applicant to
perfect the claim and an explanation of why such material or information is necessary; and

                    (4) An explanation of the Amended Plan’s claims review procedures and a statement of
claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit
determination.

               (b) If special circumstances require an extension of time for processing the initial claim, a
written notice of the extension and the reason therefor shall be furnished to the claimant before
the end of the initial ninety (90) day period. In no event shall such extension exceed ninety (90)
days.

               (c) If a claim for Benefits is denied, the claimant, at the claimant’s sole expense, may
appeal the denial to the Committee (the “Appeals Administrator”) within sixty (60) days of the
receipt of written notice of the denial. In pursuing such appeal the applicant or his duly
authorized representative:

                    (1) may request in writing that the Appeals Administrator review the denial;

                    (2) may review pertinent documents; and

                    (3) may submit issues and comments in writing.

               (d) The decision on review shall be made within sixty (60) days of receipt of the request for
review, unless special circumstances require an extension of time for processing, in which case a
decision shall be rendered as soon as possible, but not later than one hundred twenty (120) days
after receipt of the request for review. If such an extension of time is required, written notice
of the extension shall be furnished to the claimant before the end of the original sixty (60) day
period. The decision on review shall be made in writing, shall be written in a manner calculated
to be understood by the claimant, and, if the decision on review is a denial of the claim for
Benefits, shall include:

                    (1) The specific reason or reasons for the denial;

-16-

 

                    (2) Specific references to the Amended Plan provisions on which the denial is based;

                    (3) A description of any additional material or information necessary for the applicant to
perfect the claim and an explanation of why such material or information is necessary; and

                    (4) An explanation of the Amended Plan’s claims review procedures and a statement of
claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit
determination.

     15. Successors and Assigns

          15.1 Successors of the Company. The Company shall require any successor or assign (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of
the business and/or assets of the Company, expressly, absolutely and unconditionally to assume and
agree to perform this Amended Plan in the same manner and to the same extent that the Company would
be required to perform it if no such succession or assignment had taken place.

          15.2 Acknowledgment by Company. If, after a Change in Control, the Company fails to
reasonably confirm that it has performed the obligation described in Section 15.1 within twenty
(20) business days after written notice from the Participant, such failure shall be a material
breach of this Amended Plan and shall entitle the Participant to resign for Good Reason and to
receive the benefits provided under this Amended Plan in the event of Termination Upon a Change in
Control.

          15.3 Heirs and Representatives of Participant. This Amended Plan shall inure to the benefit
of and be enforceable by the Participant’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devises, legatees or other beneficiaries. If the
Participant should die while any amount would still be payable to the Participant hereunder (other
than amounts which, by their terms, terminate upon the death of the Participant) if the Participant
had continued to live, then all such amounts, unless otherwise provided herein, shall be paid in
accordance with the terms of this Amended Plan to the executors, personal representatives or
administrators of the Participant’s estate.

     16. Notices

          16.1 General. For purposes of this Amended Plan, notices and all other communications
provided for herein shall be in writing and shall be deemed to have been duly given when personally
delivered or when mailed by United States certified mail, return receipt requested, or by overnight
courier, postage prepaid, as follows:

-17-

 

               (a) if to the Company:

Trident Microsystems, Inc.

3408 Garrett Drive

Santa Clara, CA 95054-28803

Attention: General Counsel

               (b) if to the Participant, at the home address which the Participant most recently
communicated to the Company in writing.

Either party may provide the other with notices of change of address, which shall be effective upon
receipt.

          16.2 Notice of Termination. Any Termination by the Company of the Participant’s employment or
any resignation by the Participant from his/her employment with the Company Group shall be
communicated by a notice of termination or resignation to the other party hereto given in
accordance with Section 16.1. Such notice shall indicate the specific termination provision in
this Amended Plan relied upon (if any), shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination under the provision so indicated, and
shall specify the termination date.

     17. Termination and Amendment of Amended Plan

          This Amended Plan and/or any Participation Agreement executed by a Participant may not be
terminated with respect to such Participant without the written consent of the Participant and the
approval of the Committee. This Amended Plan and/or any Participation Agreement executed by a
Participant may be modified, amended or superseded with respect to such Participant only by a
supplemental written agreement between the Participant and the Company approved by the Committee.
Notwithstanding any other provision of the Amended Plan to the contrary, the Committee may, in its
sole and absolute discretion and without the consent of any Participant, amend the Amended Plan or
any Participation Agreement, to take effect retroactively or otherwise, as it deems necessary or
advisable for the purpose of conforming the Amended Plan or such Participation Agreement to any
present or future law relating to plans of this or similar nature (including, but not limited to,
Section 409A of the Code), and to the administrative regulations and rulings promulgated
thereunder.

     18. Miscellaneous Provisions

          18.1 Administration. The Amended Plan shall be administered by the Committee. The Committee
shall have the exclusive discretion and authority to establish rules, forms and procedures for the
administration of the Amended Plan, to construe and interpret the Amended Plan, and to decide all
questions of fact, interpretation, definition, computation or administration arising in connection
with the Amended Plan, including, but not limited to, eligibility to participate in the Amended
Plan and the amount of benefits paid under the Amended Plan. The rules, interpretations and other
actions of the Committee shall be binding and conclusive on all persons.

-18-

 

          18.2 Unfunded Obligation. Any amounts payable to Participants pursuant to the Amended Plan
are unfunded obligations. The Company shall not be required to segregate any monies from its
general funds, or to create any trusts, or establish any special accounts with respect to such
obligations. The Company shall retain at all times beneficial ownership of any investments,
including trust investments, which the Company may make to fulfill its payment obligations
hereunder. Any investments or the creation or maintenance of any trust or any Participant account
shall not create or constitute a trust or fiduciary relationship between the Board or the Company
and a Participant, or otherwise create any vested or beneficial interest in any Participant or the
Participant’s creditors in any assets of the Company.

          18.3 No Duty to Mitigate; Obligations of Company. A Participant shall not be required to
mitigate the amount of any payment or benefit contemplated by this Amended Plan by seeking
employment with a new employer or otherwise, nor shall any such payment or benefit (except for
benefits to the extent described in Sections 5.2(b) and 6.2(b)) be reduced by any compensation or
benefits that the Participant may receive from employment by another employer. Except as otherwise
provided by this Amended Plan, the obligations of the Company to make payments to the Participant
and to make the arrangements provided for herein are absolute and unconditional and may not be
reduced by any circumstances, including without limitation any set-off, counterclaim, recoupment,
defense or other right which the Company may have against the Participant or any third party at any
time.

          18.4 No Representations. By executing a Participation Agreement, the Participant acknowledges
that in becoming a Participant in the Amended Plan, the Participant is not relying and has not
relied on any promise, representation or statement made by or on behalf of the Company which is not
set forth in this Amended Plan.

          18.5 Waiver. No waiver by the Participant or the Company of any breach of, or of any lack of
compliance with, any condition or provision of this Amended Plan by the other party shall be
considered a waiver of any other condition or provision or of the same condition or provision at
another time.

          18.6 Choice of Law. The validity, interpretation, construction and performance of this
Amended Plan shall be governed by the substantive laws of the State of California, without regard
to its conflict of law provisions.

          18.7 Validity. The invalidity or unenforceability of any provision of this Amended Plan shall
not affect the validity or enforceability of any other provision of this Amended Plan, which shall
remain in full force and effect.

          18.8 Benefits Not Assignable. Except as otherwise provided herein or by law, no right or
interest of any Participant under the Amended Plan shall be assignable or transferable, in whole or
in part, either directly or by operation of law or otherwise, including, without limitation, by
execution, levy, garnishment, attachment, pledge or in any other manner, and no attempted transfer
or assignment thereof shall be effective. No right or interest of any Participant under the
Amended Plan shall be liable for, or subject to, any obligation or liability of such Participant.

-19-

 

          18.9 Tax Withholding. All payments made pursuant to this Amended Plan will be subject to
withholding of applicable income and employment taxes.

          18.10 Consultation with Legal and Financial Advisors. By executing a Participation Agreement,
the Participant acknowledges that this Amended Plan confers significant legal rights, and may also
involve the waiver of rights under other agreements; that the Company has encouraged the
Participant to consult with the Participant’s personal legal and financial advisors; and that the
Participant has had adequate time to consult with the Participant’s advisors before executing the
Participation Agreement.

          18.11 Further Assurances. From time to time, at the Company’s request and without further
consideration, the Participant shall execute and deliver such additional documents and take all
such further action as reasonably requested by the Company to be necessary or desirable to make
effective, in the most expeditious manner possible, the terms of the Amended Plan, the
Participant’s Participation Agreement and the Release, and to provide adequate assurance of the
Participant’s due performance thereunder.

     19. Agreement

          By executing a Participation Agreement, the Participant acknowledges that the Participant has
received a copy of this Amended Plan and has read, understands and is familiar with the terms and
provisions of this Amended Plan. This Amended Plan shall constitute an agreement between the
Company and the Participant executing a Participation Agreement.

     IN WITNESS WHEREOF, the undersigned Secretary of the Company certifies that the foregoing
Amended Plan was duly adopted by the Compensation Committee of the Board effective on December 15,
2010.

	 	 	 	 	 
	 	 	 
	 	/s/ David L. Teichmann
 	 
	 	 	 
	 	 	 

-20-

 

	 	 	 	 	 

EXHIBIT A

FORM OF

AGREEMENT TO PARTICIPATE IN THE

TRIDENT MICROSYSTEMS, INC.

AMENDED AND RESTATED EXECUTIVE RETENTION AND SEVERANCE PLAN

 

 

AGREEMENT TO PARTICIPATE IN THE

TRIDENT MICROSYSTEMS, INC.

AMENDED AND RESTATED EXECUTIVE RETENTION AND SEVERANCE PLAN

As Adopted December 15, 2010

     In consideration of the benefits provided by the Trident Microsystems, Inc. Amended and
Restated Executive Retention and Severance Plan, as adopted December 15, 2010 (the “Amended Plan”),
the undersigned employee of Trident Microsystems, Inc. (the “Company”) or any of its subsidiaries
and the Company agree that, as of the date written below, the undersigned shall become a
Participant in the Amended Plan and shall be fully bound by and subject to all of its provisions.
All references to a “Participant” in the Amended Plan shall be deemed to refer to the undersigned.

     [By signing this Participation Agreement, the undersigned employee and the Company hereby
agree that the prior Agreement to Participate in the Trident Microsystems, Inc. Executive Retention
and Severance Plan between the undersigned employee and the Company of [date] is hereby terminated
and no longer of any legal force or effect.]

     [The undersigned is a “Key Employee” (as defined by the Amended Plan) as of the date of this
Agreement. If the undersigned remains a Key Employee, but not an “Executive Officer,” for the
purpose of determining any severance payments or benefits to which the undersigned may become
entitled under the Amended Plan, the “Severance Benefit Period” applicable to the undersigned shall
be periods of ________ months and the applicable percentage of the undersigned’s Annual Bonus Rate
for purposes of Section 5.2(a)(2) of the Amended Plan shall be ______%.]

     The undersigned employee acknowledges that the Amended Plan confers significant legal rights
and may also constitute a waiver of rights under other agreements with the Company; that the
Company has encouraged the undersigned to consult with the undersigned’s personal legal and
financial advisors; and that the undersigned has had adequate time to consult with the
undersigned’s advisors before executing this agreement.

     The undersigned employee acknowledges that he or she has received a copy of the Amended Plan
and has read, understands and is familiar with the terms and provisions of the Amended Plan. The
undersigned employee further acknowledges that except as otherwise established in an employment
agreement between a member of the Company Group and the undersigned, the employment relationship
between the undersigned and his or her employer is an “at-will” relationship.

     This Participation Agreement, along with the Amended Plan, constitutes the entire agreement
between the undersigned employee and the Company regarding the subject matters described therein.
This Participation Agreement cannot be modified or terminated except by a subsequent written
agreement executed by the undersigned employee and an authorized member of the Company’s
Compensation Committee.

AGREED TO AND ACCEPTED:

 

 

     Executed on ________________________.

	 	 	 	 	 	 	 	 	 

	PARTICIPANT	 	 	 	TRIDENT MICROSYSTEMS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	Signature
	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	Name Printed
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Address
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 

 

 

EXHIBIT B

FORM OF

GENERAL RELEASE OF CLAIMS

[Age 40 and over]

 

 

GENERAL RELEASE OF CLAIMS

[Age 40 and over]

     This General Release of Claims (“Agreement”) is by and between [Employee Name] (“Employee”)
and [Trident Microsystems, Inc. or successor that agrees to assume the Executive Retention and
Severance Plan following a Change in Control] (the “Company”). This Agreement will become
effective on the eighth (8th) day after it is signed by Employee (the “Effective Date”), provided
that the Company has signed this Agreement and Employee has not revoked this Agreement (by written
notice to [Company Contact Name] at the Company) prior to that date.

RECITALS

     A. Employee was employed by the Company or its ____________________ subsidiary as of
___________, ___.

     B. Employee and the Company entered into an Agreement to Participate in the Trident
Microsystems, Inc. Amended and Restated Executive Retention and Severance Plan (such agreement and
plan being referred to herein as the “Plan”) effective as of __________, ____ wherein Employee is
entitled to receive certain benefits in the event of his/her Termination Upon a Change in Control
or Termination Not in Connection With a Change in Control (as defined by the Plan), provided
Employee signs and does not revoke a Release (as defined by the Plan).

     C. Employee’s employment is being terminated as a result of a [Termination Upon a Change in
Control/Termination Not in Connection With a Change in Control]. Employee’s last day of work and
termination are effective as of _______________, ___. Employee desires to receive the payments and
benefits provided by the Plan by executing this Release.

	 	 	NOW, THEREFORE, the parties agree as follows:

     1. The Company shall provide Employee with the applicable payments and benefits set forth in
the Plan in accordance with the terms of the Plan. Employee acknowledges that the payments and
benefits made pursuant to this paragraph are made in full satisfaction of the Company’s obligations
under the Plan. Employee further acknowledges that Employee has been paid all wages and accrued,
unused vacation that Employee earned during his or her employment with the Company or its
subsidiary.

     2. Employee and Employee’s successors release the Company, its respective subsidiaries,
stockholders, investors, directors, officers, employees, agents, attorneys, insurers, legal
successors and assigns of and from any and all claims, actions and causes of action, whether now
known or unknown, which Employee now has, or at any other time had, or shall or may have against
those released parties based upon or arising out of any matter, cause, fact, thing, act or omission
whatsoever related to Employee’s employment by the Company or a subsidiary or the termination of
such employment and occurring or existing at any time up to and including the date on which
Employee signs this Agreement, including, but not limited to, any

 

 

claims of breach of written, oral or implied contract, wrongful termination, retaliation, fraud,
defamation, infliction of emotional distress, or national origin, race, age, sex, sexual
orientation, disability or other discrimination or harassment under the Civil Rights Act of 1964,
the Age Discrimination In Employment Act of 1967, the Americans with Disabilities Act, the Fair
Employment and Housing Act or any other applicable law. Notwithstanding the foregoing, this
release shall not apply to (a) any right of the Employee pursuant to Section 5.3 of the Plan or
pursuant to a Prior Indemnity Agreement (as such term is defined by the Plan) or (b) any rights or
claims that cannot be released by Employee as a matter of law, including, but not limited to, any
claims for indemnity under California Labor Code Section 2802.

     3. Employee acknowledges that he or she has read Section 1542 of the Civil Code of the State
of California, which states in full:

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 materially affected his settlement with the
debtor.

Employee waives any rights that Employee has or may have under Section 1542 and any comparable or
similar provisions of the laws of other states in the United States to the full extent that he or
she may lawfully waive such rights pertaining to this general release of claims, and affirms that
Employee is releasing all known and unknown claims that he or she has or may have against the
parties listed above.

     4. Employee and the Company acknowledge and agree that they shall continue to be bound by and
comply with the terms and their obligations under the following agreements: (i) any proprietary
rights or confidentiality agreements between the Company or its subsidiary and Employee, (ii) the
Plan, (iii) any Prior Indemnity Agreement (as such term is defined by the Plan) to which Employee
is a party, and (iv) any agreement between the Company or its subsidiary and Employee evidencing an
Equity Award (as such term is defined by the Plan), as modified by the Plan.

     5. This Agreement shall be binding upon, and shall inure to the benefit of, the parties and
their respective successors, assigns, heirs and personal representatives.

     6. This Agreement constitutes the entire agreement between the parties with respect to the
subject matter hereof and supersedes all prior negotiations and agreements, whether written or
oral, with the exception of any agreements described in paragraph 4 of this Agreement. This
Agreement may not be modified or amended except by a document signed by an authorized officer of
the Company and Employee. If any provision of this Agreement is deemed invalid, illegal or
unenforceable, such provision shall be modified so as to make it valid, legal and enforceable, and
the validity, legality and enforceability of the remaining provisions of this Agreement shall not
in any way be affected.

EMPLOYEE UNDERSTANDS THAT EMPLOYEE SHOULD CONSULT WITH AN ATTORNEY PRIOR TO SIGNING THIS
AGREEMENT AND THAT EMPLOYEE IS GIVING UP ANY LEGAL CLAIMS EMPLOYEE HAS AGAINST THE PARTIES

-2-

 

RELEASED ABOVE BY SIGNING THIS AGREEMENT. EMPLOYEE FURTHER UNDERSTANDS THAT EMPLOYEE MAY HAVE
UP TO [45/21] DAYS TO CONSIDER THIS AGREEMENT, THAT EMPLOYEE MAY REVOKE IT AT ANY TIME DURING THE 7
DAYS AFTER EMPLOYEE SIGNS IT, AND THAT IT SHALL NOT BECOME EFFECTIVE UNTIL THAT 7-DAY PERIOD HAS
PASSED. EMPLOYEE ACKNOWLEDGES THAT EMPLOYEE IS SIGNING THIS AGREEMENT KNOWINGLY, WILLINGLY AND
VOLUNTARILY IN EXCHANGE FOR THE COMPENSATION AND BENEFITS DESCRIBED IN PARAGRAPH 1.

	 	 	 	 	 	 	 	 	 

	Dated: _____________________

	 	 	 	 	 	 
	 

	 	 	 	[Employee Name]	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	[Company]	 	 
	 
	 	 	 	 	 	 	 	 
	Dated: _____________________

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

-3-

 

EXHIBIT C

FORM OF

GENERAL RELEASE OF CLAIMS

[Under age 40]

 

 

GENERAL RELEASE OF CLAIMS

[Under age 40]

     This General Release of Claims (“Agreement”) is by and between [Employee Name] (“Employee”)
and [Trident Microsystems, Inc. or successor that agrees to assume the Executive Retention and
Severance Plan following a Change in Control] (the “Company”). This Agreement is effective on the
day it is signed by Employee (the “Effective Date”).

RECITALS

     A. Employee was employed by the Company or its ____________________ subsidiary as of
____________, ___.

     B. Employee and the Company entered into an Agreement to Participate in the Trident
Microsystems, Inc. Amended and Restated Executive Retention and Severance Plan (such agreement and
plan being referred to herein as the “Plan”) effective as of ___________, ____ wherein Employee is
entitled to receive certain benefits in the event of his/her Termination Upon a Change in Control
or Termination Not in Connection With a Change in Control (as defined by the Plan), provided
Employee signs a Release (as defined by the Plan).

     C. Employee’s employment is being terminated as a result of a [Termination Upon a Change in
Control/Termination Not in Connection With a Change in Control]. Employee’s last day of work and
termination are effective as of ______________, ___. Employee desires to receive the payments and
benefits provided by the Plan by executing this Release.

	 	 	NOW, THEREFORE, the parties agree as follows:

     1. The Company shall provide Employee with the applicable payments and benefits set forth in
the Plan in accordance with the terms of the Plan. Employee acknowledges that the payments and
benefits made pursuant to this paragraph are made in full satisfaction of the Company’s obligations
under the Plan. Employee further acknowledges that Employee has been paid all wages and accrued,
unused vacation that Employee earned during his or her employment with the Company or its
subsidiary.

     2. Employee and Employee’s successors release the Company, its respective subsidiaries,
stockholders, investors, directors, officers, employees, agents, attorneys, insurers, legal
successors and assigns of and from any and all claims, actions and causes of action, whether now
known or unknown, which Employee now has, or at any other time had, or shall or may have against
those released parties based upon or arising out of any matter, cause, fact, thing, act or omission
whatsoever related to Employee’s employment by the Company or a subsidiary or the termination of
such employment and occurring or existing at any time up to and including the date on which
Employee signs this Agreement, including, but not limited to, any claims of breach of written, oral
or implied contract, wrongful termination, retaliation, fraud, defamation, infliction of emotional
distress, or national origin, race, sex, sexual orientation, disability or other discrimination or
harassment under the Civil Rights Act of 1964, the Americans with Disabilities Act, the Fair
Employment and Housing Act or any other applicable

 

 

law. Notwithstanding the foregoing, this release shall not apply to (a) any right of the Employee
pursuant to Sections 5.3 of the Plan or pursuant to a Prior Indemnity Agreement (as such term is
defined by the Plan), or (b) any rights or claims that cannot be released by Employee as a matter
of law, including, but not limited to, any claims for indemnity under California Labor Code Section
2808.

     3. Employee acknowledges that he or she has read Section 1542 of the Civil Code of the State
of California, which states in full:

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 materially affected his settlement with the
debtor.

Employee waives any rights that Employee has or may have under Section 1542 and any comparable or
similar provisions of the laws of other states in the United States to the full extent that he or
she may lawfully waive such rights pertaining to this general release of claims, and affirms that
Employee is releasing all known and unknown claims that he or she has or may have against the
parties listed above.

     4. Employee and the Company acknowledge and agree that they shall continue to be bound by and
comply with the terms and their obligations under the following agreements: (i) any proprietary
rights or confidentiality agreements between the Company or its subsidiary and Employee, (ii) the
Plan, (iii) any Prior Indemnity Agreement (as such term is defined by the Plan) to which Employee
is a party, and (iv) any agreement between the Company or its subsidiary and Employee evidencing an
Equity Award (as such term is defined by the Plan), as modified by the Plan.

     5. This Agreement shall be binding upon, and shall inure to the benefit of, the parties and
their respective successors, assigns, heirs and personal representatives.

     6. This Agreement constitutes the entire agreement between the parties with respect to the
subject matter hereof and supersedes all prior negotiations and agreements, whether written or
oral, with the exception of any agreements described in paragraph 4 of this Agreement. This
Agreement may not be modified or amended except by a document signed by an authorized officer of
the Company and Employee. If any provision of this Agreement is deemed invalid, illegal or
unenforceable, such provision shall be modified so as to make it valid, legal and enforceable, and
the validity, legality and enforceability of the remaining provisions of this Agreement shall not
in any way be affected.

EMPLOYEE UNDERSTANDS THAT EMPLOYEE SHOULD CONSULT WITH AN ATTORNEY PRIOR TO SIGNING THIS
AGREEMENT AND THAT EMPLOYEE IS GIVING UP ANY LEGAL CLAIMS EMPLOYEE HAS AGAINST THE PARTIES RELEASED
ABOVE BY SIGNING THIS AGREEMENT. EMPLOYEE ACKNOWLEDGES THAT EMPLOEE IS SIGNING THIS AGREEMENT
KNOWINGLY, WILLINGLY AND VOLUNTARILY IN EXCHANGE FOR THE COMPENSATION AND BENEFITS DESCRIBED IN
PARAGRAPH 1.

-2-

 

	 	 	 	 	 	 	 	 	 

	Dated: _____________________

	 	 	 	 	 	 
	 

	 	 	 	[Employee Name]	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	[Company]	 	 
	 
	 	 	 	 	 	 	 	 
	Dated: _____________________

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

-3-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]