Document:

Prepared by MERRILL CORPORATION

QuickLinks
 -- Click here to rapidly navigate through this document
  

Exhibit 10.29  

 
 

EMPLOYMENT AGREEMENT    
  

    THIS EMPLOYMENT AGREEMENT (this "Agreement") is made as of the 15th day of May 2001, by and between TriQuint Semiconductor, Inc., a Delaware corporation
(the "Company"), and Kimon Anemogiannis, an individual ("Employee"). 

 
 

BACKGROUND OF THIS AGREEMENT    
  

    Employee is currently employed by Sawtek Inc. ("Sawtek") on an at-will basis. Sawtek may merge with a wholly owned subsidiary of TriQuint
Semiconductor, Inc. (the "Merger"). Confidential negotiations are currently underway pertaining to the Merger. 

    The
Company and the Employee desire to enter into an employment agreement on the terms set forth herein to take effect upon the closing of the Merger. 

 
 

AGREEMENT    
  

    In consideration of the mutual promises contained herein, the parties agree as follows: 

    1.  Condition Precedent; Effective Date. This agreement shall take effect upon the closing of the Merger (the "Effective
Date"). 

    2.  Employment. The Company hereby agrees to employ Employee and Employee hereby accepts such employment subject to the
terms and conditions of this Agreement. The parties agree that the Employee's employment with the Company will be "at-will" employment and may be terminated at any time with or without
cause or notice, subject to the right of the Employee to recover damages as set forth in Section 7 hereof. Employee understands and agrees that neither his job performance nor promotions,
commendations, verbal commitments, bonuses or the like from the Company give rise to or in any way serve as the basis for modification, amendment, or extension, by implication or otherwise, of his
employment with the Company. 

    3.  Term. The term of this Agreement shall commence on the Effective Date and end on June 30, 2002, unless
earlier terminated by either party in accordance with the provisions of Section 6, with notice as specified therein (the "Term"). It is contemplated by the parties that upon the expiration of
this Agreement Employee shall continue as an employee-at-will. If the Company or the Employee intends to terminate Employee's employment at the end of the Term or within
30 days after the Term, the terminating party agrees to give the other party at least 30 days written notice of such termination. 

    4.  Full Time; Reporting; Position. Employee shall exert his best efforts and devote substantially all of his working
time and attention to the affairs of the Company. Employee shall report to the Chairman of the Board of the Company or his designee. The Employee shall serve in a management position with duties and
authority as determined by the Chairman of the Board or his designee. 

    5.  Compensation and Benefits. For all of the services to be rendered by Employee hereunder, the Company shall pay to
Employee the following compensation and benefits: 

    (a) Salary and Bonus. Employee shall receive a base annual salary of two-hundred twenty-five
thousand dollars per year ($225,000.00), payable in monthly or more frequent installments as determined by the Company. The Employee may receive a bonus in the sole discretion of the Company and shall
be eligible to participate in bonus programs applicable to similarly situated employees. 

    (b) Insurance. The Company may, in its sole discretion, maintain life, disability, accident and health policies on the
life of, or for the benefit of, Employee and his beneficiaries and dependents 

1

 

during the term of this Agreement according to standard insurance policies, if any, obtained by the Company from time to time for employees of the Company. The Employee shall have the same benefits
under any life disability, accident and health policies maintained by the Company as those provided to similarly situated executive employees of the Company. Employee and his dependents shall not have
vested rights in any insurance policies provided by the Company unless other executive employees of the Company are granted vested rights in the applicable insurance policies. At termination of
employment for any reason, any policies of insurance that may be converted by their
terms to an individual policy may be converted so long as Employee or the insured pays all costs associated with conversion and ownership. 

    (c) Employee Stock Ownership and 401(k) Plan. Employee shall be entitled to participate in the Sawtek Inc.
Employee Stock Ownership and 401(k) Plan in accordance with the Plan's eligibility and participation requirements. 

    (d) Other Benefits. Employee shall be entitled to participate in the Company's other benefit plans adopted from time to
time by the Company for the benefit of its employees in general on the same terms as comparably situated employees of the Company. The mention in this Agreement of such plans is not a promise or
representation to Employee by the Company that any such plan or benefit will be obtained or maintained for Employee. Employee shall be entitled to four weeks of paid vacation per fifty-two
week period of employment. 

    (e) Reimbursement of Expenses. Employee may incur reasonable expenses during the course of performing the duties
assigned to Employee, including expenses for entertainment, lodging, meals, travel, postage, professional dues, automobile mileage at the Company's approved reimbursement rate and similar items. The
Company will reimburse Employee for all such expenses upon Employee's periodic presentation of an itemized account of such expenditures in accordance with Company's reimbursement policies and
procedures. 

    6.  Termination of Employment. The employment of the Employee may be terminated only as follows: 

    (a) Termination by Employee for Good Reason. Employee may terminate his employment for "good reason" by virtue of a
material breach of this Agreement by the Company after giving the Company written notice of such breach and affording the Company the opportunity to cure such breach within thirty days following the
Company's receipt of the written notice. In the event the Company fails in the reasonable judgment of the Employee to cure such breach, his employment shall terminate on the date specified in his
notice and such termination shall be deemed to be other than for Cause as defined in Section 7 hereof. 

    (b) Termination for Cause by the Company. 

    (i)  The
Company may terminate the employment of Employee at any time for "Cause" by following the procedure set forth below. The term "Cause" as used in this
Section 5(b) shall mean one or more of the following: (1) the conviction of Employee for a felony crime or plea of nolo contendere to
same, either in connection with the performance of his obligations to the Company or which the Board of Directors of the Company reasonably believes might adversely affect the Employee's ability to
perform his duties; (2) a breach of fiduciary duty or material breach of the terms of this Agreement, the Nondisclosure and Intellectual Property Agreement referred to in Section 6, or
any other agreement
executed by Employee in connection herewith; (3) Employee's performance or behavior which brings adverse publicity on the Company; (4) the commission by the Employee of an act of fraud
or embezzlement, whether directly or indirectly, reasonably deemed by the Board of Directors to be of a significant nature; (5) the failure of the Employee to render services to the Company in
accordance with his assigned duties, which failure adversely affects or could adversely affect 

2

 

the business, prospects, financial condition, operations, property or affairs of the Company; or (6) the Employee's substantial and continuing insubordination or disregard of the rules or
policies of the Company or the instructions of the Board of Directors. 

    (ii) A
determination of "Cause" may only be made by the CEO of the Company and approved by the Board of Directors after presenting the Employee with the details of the
alleged grounds for termination in writing, giving the Employee access to all material evidence concerning the allegations, and then giving the Employee an opportunity to be heard with respect to the
allegations before a duly held meeting of the Board of Directors (the "Meeting"). If the determination of "Cause" is based on any of Subsections 5(b)(1), (2), (3), or (5), the Company shall provide
Employee a 30-day (from the date of the Meeting) opportunity to cure. If the actions (or failure to act) constituting the alleged grounds are not cured to the reasonable satisfaction of
the Board of Directors within the 30-day period, the Employee's employment shall thereupon terminate. 

    (c) Death. Employee's employment shall terminate effective on the date of death of Employee. Any obligation of the
Company to Employee not discharged or dischargeable prior to Employee's death, however, will be discharged thereafter in accordance with this Agreement. 

    (d) Disability. This Agreement shall terminate in accordance with the provisions of Section 9 of this Agreement,
upon the total disability of the Employee. Employee's total or partial disability shall not extend the term of this Agreement. 

    7.  Damages in the Event of Termination Other than for Cause by the Company. A termination by the Company of the
employment of the Employee other than for Cause or due to total disability of the Employee shall entitle the Employee to recover damages consisting of base salary and the benefits under Sawtek
retirement plans for the period beginning with the date of such termination and ending on June 30, 2002 (less withholding for applicable taxes). The Company shall also reimburse Employee for
any COBRA premiums paid by Employee after Employee has elected COBRA coverage under any applicable Company or Sawtek welfare benefit plans for the period beginning with the date of such termination
and ending on June 30, 2002. 

    8.  Non-Disclosure and Intellectual Property Agreement. 

    Employee
and the Company have entered into the Non-Disclosure and Intellectual Property Agreement, a copy of which is attached to this Agreement as Exhibit A. 

    9.  Disability of Employee. 

    (a) Definitions. For purposes of this Agreement, whenever used in this paragraph: 

    (1) The
term "total disability" shall mean that Employee is determined to be totally disabled for purposes of the Sawtek ESOP. 

    (2) The
term "partial disability" shall mean that Employee is able to perform to some extent the services he has been employed to perform, but he is unable, by reason
of sickness or accident, to devote the same amount of time to such service as he was prior to the occurrence of such sickness or accident. 

    (3) The
terms defined as "total disability" and "partial disability" shall be superseded by the definition of these terms in any long-term wage continuation
disability insurance policy covering Employee which may be purchased by the Company. 

    (b) Salary Continuation During Total Disability. Subject to the provisions of subparagraphs 9(f) below, if Employee
becomes totally disabled, he shall receive such disability benefits as similarly situated employees of the Company. 

3

 

    (c) Salary Continuation During Partial Disability. If Employee becomes partially disabled, he shall be paid his regular
salary for the month in which the disability occurs and, during the period of partial disability he shall be paid a reduced salary each month, the amount of which shall be determined from time to time
during such period by agreement between the Company and Employee. 

    (d) Salary Reduction Because of Insurance Benefits. Notwithstanding anything herein to the contrary, the salary to be
paid Employee for any month pursuant to Sections 9(b) or (c) above shall be reduced by the following: 

    (1) All
disability income benefits (other than those provided under insurance privately purchased by Employee), if any, paid or payable directly to Employee by an
insurance company pursuant to any wage continuation disability insurance policy owned by and/or for which the premiums are paid by the Company pursuant to a disability or health plan, if any, adopted
by the Company. 

    (2) That
amount, if any, which is necessary to prevent a reduction in any disability income benefits payable directly to Employee under any wage continuation disability
income insurance policy by reason of a provision in such policy limiting the benefits payable thereunder to a certain percentage of the monthly earnings and other payments and benefits Employee is
entitled to receive because of his disability. 

    (e) Commencement Date of Disability Period. The commencement date of a period of disability, whether it be a continuous
period or the aggregate of successive periods, shall be the day of the month on which Employee is determined to be disabled by a physician (as defined in the then current applicable Company disability
plan). 

    (f)  Determining Existence of Disabilities. Any dispute regarding the existence, extent, or continuance of a disability
shall be resolved by the determination of a doctor of medicine acceptable to both the Company and Employee. If they cannot agree on an acceptable doctor to make such determination, the Company and
Employee shall each select a doctor to do so. If the two doctors so selected cannot agree, such doctors shall select a third doctor and the decision of a majority of such three doctors shall control.
All costs incurred in connection with such determination shall be borne equally by the Company and Employee. 

    (g) The
foregoing provisions of this Section shall not be construed as an obligation by the Company to provide long term disability insurance for Employee. 

    10. Severability. If any covenant, condition, term or provision contained in this Agreement shall be held to be invalid,
illegal, or unenforceable in any respect, in whole or in part, by judgment, order or decree of any court or other judicial tribunal of competent jurisdiction, from which judgment, order or decree no
further appeal or petition for review is available, it shall be severed from this Agreement and the validity of the remaining covenants, conditions, terms and provisions contained in this Agreement,
and the validity of the remaining part of any term or provision held to be partially invalid, illegal or unenforceable, shall in no way be affected, prejudiced, or disturbed thereby. 

    11. Injunctive Relief; Breach. Employee hereby acknowledges that the services to be rendered and the promises to be kept
hereunder are unique and special and that damages to the Company by virtue of a breach of this Agreement, would be difficult or impossible for the Company to estimate, and by reason thereof, Employee
hereby agrees that for violation of any of the provisions of this Agreement, the Company shall, in addition to any other rights and remedies available hereunder, at law or otherwise, be entitled to
seek an injunction to be issued by any court of competent jurisdiction enjoining and restraining Employee from committing any violation of this Agreement, and Employee hereby consents to the issuance
of such an injunction. 

4

 

    12. Assignment. This Agreement, or any promise or covenant by Employee contained herein, or any right, remedy or Cause
of action of Company may be assigned by the Company, its successors or assigns, but not by Employee. 

    13. Notices. Any and all notices, designations, consents, offers, acceptances, or any other communication provided for
herein shall be given in writing by certified mail, which shall be addressed to the addresses of the parties set forth herein, or if none, to the last known address of the addressee. 

    14. Waiver or Modification. No waiver or modification of this Agreement or of any covenant, condition or limitation
herein contained shall be valid unless in writing and duly executed by the party to be charged therewith. Furthermore, no evidence of any waiver or modification shall be offered or received in
evidence in any proceeding, arbitration or litigation between the parties arising out of or affecting this Agreement, or the rights or obligations of any party hereunder, unless such waiver or
modification is in writing and duly executed as aforesaid. The provisions of this Section 14 may not be waived except as herein set forth. 

    15. Applicable Law. This Agreement shall be construed and regulated under and by the laws of the State of Florida and
shall inure to the benefit of and be binding upon the parties hereto and their heirs, personal representatives, legal representatives, estates, successors and assigns. 

    16. Arbitration. The parties agree to submit to arbitration before a single arbitrator under the Commercial Rules of the
American Arbitration Association any issues involving monetary relief for a breach of this Agreement or termination of employment under this Agreement. Equitable actions arising out of a breach of
this Agreement may be pursued in a court of competent jurisdiction in Florida. 

    17. Venue. Venue for any action or arbitration proceeding arising out of or in connection with this Agreement shall be
in Orange County, Florida, or in such other place where the cause of action arose. 

    18. Section Headings. Section headings used throughout this Agreement are for reference and convenience and in no way
define, limit or describe the scope or intent of this Agreement or affect its provisions. 

    19. Remedies Cumulative. All remedies mentioned in this Agreement are intended to be nonexclusive and cumulative with
all other remedies provided for by law and by this Agreement. 

    20. Entire Agreement. This Employment Agreement and the Non-Disclosure and Intellectual Property Agreement
supersede in their entirety all existing prior employment agreements, arrangements, provisions and understandings, whether written or oral, between Sawtek (or any of Sawtek's subsidiaries or
affiliates) and Employee made or entered into prior to the Effective Date. 

	 	 	COMPANY:
	

 	
 	

TRIQUINT SEMICONDUCTOR, INC.
	

 	
 	

By:	

/s/ Steven J. Sharp

	

 	
 	

EMPLOYEE:
	

 	
 	

/s/ Kimon Anemogiannis

5

 
 

EXHIBIT "A"    
  

Non-Disclosure
and Intellectual Property Agreement 

 
 

EXHIBIT A    
  

 
 

NON-DISCLOSURE AND INTELLECTUAL PROPERTY
  AGREEMENT    
  

    This Agreement is made this 15th day of May, 2001, between TriQuint Semiconductor, a Delaware corporation (hereinafter the "Company"), and Kimon Anemogiannis
(hereinafter "Employee"). 

 
 

BACKGROUND    
  

    Employee is an employee of the Company and as a result of his employment may have access to and obtain knowledge of Confidential Information and may make or
conceive of Intellectual Properties while employed by the Company. 

    Employee
and the Company have entered into an Employment Agreement on the date herewith (the "Employment Agreement"). 

 
 

AGREEMENT    
  

    NOW, THEREFORE, in consideration of his employment with the Company, Employee hereby agrees and promises as follows: 

    1.  Protection of Proprietary Information of Company. Employee understands that the Company has developed or acquired
valuable proprietary technical and non-technical information and that the legitimate interest of the Company in this information must be guarded and protected in order to remain
confidential trade secrets, and that this information must be carefully controlled so as to prevent disclosure to unauthorized persons who might use the information to the detriment of or in
competition with the Company. Employee understands further that from time to time Employee might become acquainted with said information and/or might contribute to such information through inventions,
discoveries, improvements, economies, or in some other manner. 

    a.  Disclosure of Intellectual Properties Made or Conceived by Employee. Except as provided in subparagraph 1d below,
Employee agrees to communicate promptly and fully to the Chief Executive Officer of the Company or his designee (the "Designee") all Intellectual Properties made or conceived by Employee (whether made
solely by Employee or jointly with others) from the time of the commencement of the Employee's employment by the Company until the termination of this Agreement and for a period of one year after
termination of Employee's employment, provided said Intellectual Properties arise out of or in connection with, or were created or conceived as result of, the Employee's employment by the Company.
Upon termination of this Agreement, Employee shall have a duty to disclose any previously undisclosed Intellectual Properties to the Designee. 

    b.  Company Owns the Intellectual Properties. Except as provided in subparagraph 1d below, Employee further agrees that
all his right, title, and interest (common law or statutory) in such Intellectual Properties are and shall be owned by the Company, its successors, assigns, or nominees forever and shall be considered
"works for hire," and the Company may make any use or non-use of such Intellectual Properties throughout the world without any further obligation to Employee. Employee hereby assigns,
transfers, and conveys to the Company, its assigns, successors, or nominees, all of Employee's present and future right, title, and interest in and to any and all of such Intellectual Properties. 

    c.  Patent, Trademark, and Copyright Assistance. Except as provided in subparagraph 1d below, at the request of the
Company, whether during or after the term of this Agreement, Employee shall execute or join in executing all papers or documents required for the filing of patent, trademark, service mark, or
copyright applications or registrations in the United States or any foreign countries as the Company may elect, and Employee shall assign all such patent, trademark, service mark, or copyright
applications or registrations to the Company or its nominee or assigns, and shall provide the Company or its agents or attorneys with all reasonable assistance in the 

 

preparation and prosecution of patent, trademark, service mark, or copyright applications, drawings, specifications, registrations, and the like. Employee shall do all things that may be necessary to
establish, protect, and maintain the rights of the Company or its nominees or assigns in the Intellectual Properties, patent applications, letters patent, trademarks, service marks and copyrights in
accordance with the spirit of this Agreement, both during and after the period of this Agreement, as set forth herein. 

    d.  Exceptions. Unless specifically excluded under this subparagraph 1d, any and all intellectual properties of any
description whatsoever are intended to fall within the requirements under the provisions of 1a, 1b, and 1c. Those provisions do not apply, however, to intellectual properties for which no equipment,
supplies, facilities, or confidential information of the Company were used and which do not result from, or are not suggested by, any work which was done for or on behalf of the Company and which do
not relate to the business of the Company or to the Company's actual or demonstrably anticipated research and development, or which do not result from any services performed by the Employee hereunder
which would constitute "work product" within the meaning of the United States Copyright Law. Also specifically excluded from the requirements of the aforementioned provisions are all intellectual
properties that Employee made or conceived before becoming an employee of the Company. 

    2.  Confidential Information. Employee at all times both during and after employment by the Company will hold the
Company in a fiduciary capacity and will not (except as required in the course of Employee's employment by the Company) communicate or divulge to, or use for the benefit of himself or any other
person, firm, association, or corporation, without the express written consent of the Company, any Confidential Information which may be communicated to, acquired by, or learned of by the Employee in
the course of or as a result of his employment by the Company. 

    3.  Affiliates. The term "Company" used throughout this Agreement shall include any subsidiary(ies) or parent of the
Company. Without limiting the foregoing, in the event that Employee is transferred to, or otherwise becomes privy to, the confidential information of a subsidiary or parent of the Company, this
Agreement shall apply, with the necessary changes in points of detail, between Employee and such subsidiary as fully as though the subsidiary or parent corporation had been named as a party to this
Agreement in place of the Company. 

    4.  Customer Protection. Employee covenants that he will not, directly or indirectly, during the course of his
employment serve any interests or do any act or thing which might conflict with the interests of the Company or any of its subsidiaries or parent corporation. Included, but not by way of limitation,
within this prohibition is the solicitation by Employee of the trade or patronage of any of the customers or prospective customers of the Company with respect to any of the services, products,
Confidential Information, or other matters discussed in this Agreement, unless said solicitation is for the benefit of the Company. 

    5.  Noninterference Agreement. 

    In
the event Employee voluntarily terminates his employment with the Company or the Company terminates Employee for cause, as defined in the Employment Agreement, Employee agrees that
while employed by the Company and for a period of two years following the Merger Closing Date or for a period one year following the termination of Employee's employment with the Company, whichever is
longer, Employee shall not, directly or indirectly, alone, for, or in combination with any other person or entity, or as a consultant, contractor, agent, representative, or employee of, or as lender
to, any third person: 

    (a) purposefully
interfere or attempt to interfere, either directly or indirectly, with any of the Company's contracts and prospective customers existing and in effect
as of the date of termination of Employee's employment; 

2

 

    (b) solicit for employment, either directly or indirectly, for Employee or for another, any of the employees of the Company employed by the Company at the time of
Employee's termination or within ninety days preceding termination. 

    6.  Exploitation of the Company's Name. Employee agrees that at no time after termination of his employment with the
Company will he advertise or publicize in any way as part of Employee's business or as an employee or consultant of another business, that he had previously had any affiliation with the Company or any
of its subsidiaries or parent corporation, unless he obtains first express written approval to do so from the Company, which approval shall extend only to the specific advertisement or publication and
to no other, and which approval may be arbitrarily withheld by the Company. Employee may disclose his employment with the Company in connection with his efforts to obtain other employment. 

    7.  Papers and Other Properties. Employee shall not reduce to writing or otherwise record any Confidential Information
unless required by the Company to do so in the course of his employment. All recorded Confidential Information and all other documents (or copies thereof), equipment, components, parts, tools, and the
like, shall remain the property of the Company, and shall not be removed from the Company's facility unless expressly authorized by a person known by Employee to have the authority to grant such
permission. 

    Upon
termination of his employment with the Company, for whatever reason, Employee will deliver all papers, writings, Documents, tools, equipment, computers, articles, drawings,
circuits, prototypes, computer software, and all tangible items embodying or recording any Intellectual Properties or Confidential Information that are in his possession, custody and control, to an
authorized representative of the Company. 

    8.  Alteration. This Agreement may not be changed or terminated orally, and no change, termination, or attempted waiver
of any of the provisions hereof shall be binding unless in writing and signed by both the Employee and the President of the Company. 

    9.  Savings Clause. The parties agree that the provisions of this Agreement are severable and should any of its
provisions, clauses, or portions thereof, be deemed invalid and of no force and effect, only that
provision, clause, or portion thereof shall fail, and the remainder of the Agreement shall be in full force and effect. 

    10. Attorneys' Fees. In the event that any litigation or controversy arises out of or in connection with this Agreement
between the parties hereto, the prevailing party in such litigation or controversy shall be entitled to recover from the other party or parties all reasonable attorneys' fees, expenses, and suit
costs, including those associated with any appellate or post-judgment proceedings. 

    11. Injunction. It is acknowledged and agreed that, in the event that the provisions of this Agreement are breached by
Employee the extent of actual damages sustained by the Company or its assignee will be difficult to ascertain, though great and irreparable, for which any remedy at law would be inadequate. Therefore,
the parties hereto expressly agree that the Company shall have a right to injunctive relief for breach of any terms hereof, plus damages for such breach, to the maximum extent permitted by law and
that any bond required to obtain such injunctive relief be limited to not more than $10,000. 

    12. Employment Rights. Employee acknowledges that this Agreement does not provide Employee with any right to continued
employment by the Company. 

    13. Binding Effect. It is understood that this Agreement shall be effective when signed by both the Company and Employee
and that the terms of this Agreement shall remain in full force and effect both during the continuation of the employment and after the termination of the employment for any 

3

 

reason. This Agreement shall inure to the benefit of and be binding upon the respective heirs, personal representative, successors, or assigns of the parties hereto 

    14. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
Florida. 

    15. Section and Paragraph Headings. Section and paragraph headings used throughout this Agreement are for reference and
convenience only, and in no way define, limit, or describe the scope or intent of this Agreement or affect its provisions. 

    16. Number and Gender. Whenever used herein, singular numbers shall include the plural, the plural the singular, and the
use of any gender shall include all genders. The masculine gender is used herein for convenience only. 

    17. Multiple Copies or Counterparts of Agreement. The original and one or more copies of this Agreement may be executed
by one or more of the parties hereto. In such event, all of such executed copies shall have the same force and effect as the executed original and all of such counterparts taken together shall have
the effect of a fully executed original. 

    18. Definitions. Whenever the following terms appear in this Agreement, they shall have the following meanings: 

    a.  Confidential
Information includes all Intellectual Properties, Business Information, Technical Information and other proprietary information which is possessed,
owned or used by, or licensed to the Company (or such information belonging to third parties which the Company shall be under obligation to keep confidential), whether such information is in writing
or not and any Documents relating to the same. Confidential Information does not include, however, any information which: 

    (1) has
previously been disclosed by the Company in published papers, literature, or patents; or 

    (2) Employee
can establish by clear and convincing evidence was already in his possession prior to employment with the Company. However, information shall not be deemed
to have been known by Employee merely because it is embraced by more general information previously known to Employee or merely because it is expressed in publications or patents in general terms not
specifically including information acquired by Employee from the Company during his employment; or 

    (3) becomes
part of the public domain, by publication or otherwise, not due to the unauthorized act of Employee. 

    b.  Intellectual
Properties includes, but is not limited to, all patentable or unpatentable inventions, improvements, or developments, all computer software, writings,
and drawings, whether copyrighted or copyrightable or not, any trade secrets, trademarks, service marks, designs, ideas, logos, artwork, scripts, graphics, and the like. 

    c.  Business
Information includes, but is not limited to, operational procedures, financial information, corporate plans, marketing strategy, customer information,
price information, internal memoranda or reports, and other non-public information relating to the business of the Company. 

    d.  Technical
Information includes, but is not limited to, designs, processes, formulas, methods, data and research results relating to any product or service or
prospective products or services of the Company. 

4

 

    e.  Documents includes, but is not limited, to, drawings, blueprints, schematics, manuals, letters, notes, notebooks, reports, flow charts, programs, proposals, or any
other medium upon which intelligence or information can be recorded or retrieved. 

	 	 	TRIQUINT INC.
	

 	
 	

By:	

/s/ Steven J. Sharp

	 	 	Name:	Steven J. Sharp

	 	 	Title:	Chief Executive Officer

	

 	
 	

EMPLOYEE
	

 	
 	

/s/ Kimon Anemogiannis

5

QuickLinks

EMPLOYMENT AGREEMENT

BACKGROUND OF THIS AGREEMENT

AGREEMENT

EXHIBIT "A"

EXHIBIT A

NON-DISCLOSURE AND INTELLECTUAL PROPERTY AGREEMENT

BACKGROUND

AGREEMENTPrepared by MERRILL CORPORATION

QuickLinks
 -- Click here to rapidly navigate through this document
  

Exhibit 10.30  

EMPLOYMENT AGREEMENT  

    THIS EMPLOYMENT AGREEMENT (this "Agreement") is made as of the 15th day of May, 2001, by and between TriQuint Semiconductor, Inc., a
Delaware corporation (the "Company"), and Raymond A. Link, an individual ("Employee"). 

 
 

BACKGROUND OF THIS AGREEMENT    
  

    Employee is currently employed by Sawtek Inc. ("Sawtek") on an at-will basis. Sawtek may merge with a wholly owned subsidiary of TriQuint
Semiconductor, Inc. (the "Merger"). Confidential negotiations are currently underway pertaining to the Merger. 

    The
Company and the Employee desire to enter into an employment agreement on the terms set forth herein to take effect upon the closing of the Merger. 

 
 

AGREEMENT    
  

    In consideration of the mutual promises contained herein, the parties agree as follows: 

    1.  Condition Precedent; Effective Date.  This agreement shall take effect upon the closing of the Merger
(the "Effective Date"). 

    2.  Employment.  The Company hereby agrees to employ Employee and Employee hereby accepts such employment
subject to the terms and conditions of this Agreement. The parties agree that the Employee's employment with the Company will be "at-will" employment and may be terminated at any time with
or without cause or notice, subject to the right of the Employee to recover damages as set forth in Section 7 hereof. Employee understands and agrees that neither his job performance nor
promotions, commendations, verbal commitments, bonuses or the like from the Company give rise to or in any way serve as the basis for modification, amendment, or extension, by implication or
otherwise, of his employment with the Company. 

    3.  Term.  The term of this Agreement shall commence on the Effective Date and end on June 30,
2002, unless earlier terminated by either party in accordance with the provisions of Section 6, with notice as specified therein (the "Term"). It is contemplated by the parties that upon the
expiration of this Agreement Employee shall continue as an employee-at-will. If the Company or the Employee intends to terminate Employee's employment at the end of the Term or
within 30 days after the Term, the terminating party agrees to give the other party at least 30 days written notice of such termination. 

    4.  Full Time; Reporting; Position.  Employee shall exert his best efforts and devote substantially all
of his working time and attention to the affairs of the Company. Employee shall report to the Chairman of the Board of the Company or his designee. The Employee shall serve in a management position
with duties and authority as determined by the Chairman of the Board or his designee. 

    5.  Compensation and Benefits.  For all of the services to be rendered by Employee hereunder, the Company
shall pay to Employee the following compensation and benefits: 

    (a)  Salary and Bonus.  Employee shall receive a base annual salary of one-hundred
eighty-five thousand dollars per year ($185,000.00), payable in monthly or more frequent installments as determined by the Company. The Employee may receive a bonus in the sole discretion
of the Company and shall be eligible to participate in bonus programs applicable to similarly situated employees. 

    (b)  Insurance.  The Company may, in its sole discretion, maintain life, disability, accident and health
policies on the life of, or for the benefit of, Employee and his beneficiaries and 

1

 

dependents during the term of this Agreement according to standard insurance policies, if any, obtained by the Company from time to time for employees of the Company. The Employee shall have the same
benefits under any life disability, accident and health policies maintained by the Company as those provided to similarly situated executive employees of the Company. Employee and his dependents shall
not have vested rights in any insurance policies provided by the Company unless other executive employees of the Company are granted vested rights in the applicable insurance policies. At termination
of employment for any reason, any policies of insurance that may be converted by their
terms to an individual policy may be converted so long as Employee or the insured pays all costs associated with conversion and ownership. 

    (c)  Employee Stock Ownership and 401(k) Plan.  Employee shall be entitled to participate in the
Sawtek Inc. Employee Stock Ownership and 401(k) Plan in accordance with the Plan's eligibility and participation requirements. 

    (d)  Other Benefits.  Employee shall be entitled to participate in the Company's other benefit plans
adopted from time to time by the Company for the benefit of its employees in general on the same terms as comparably situated employees of the Company. The mention in this Agreement of such plans is
not a promise or representation to Employee by the Company that any such plan or benefit will be obtained or maintained for Employee. Employee shall be entitled to four weeks of paid vacation per
fifty-two week period of employment. 

    (e)  Reimbursement of Expenses.  Employee may incur reasonable expenses during the course of performing
the duties assigned to Employee, including expenses for entertainment, lodging, meals, travel, postage, professional dues, automobile mileage at the Company's approved reimbursement rate and similar
items. The Company will reimburse Employee for all such expenses upon Employee's periodic presentation of an itemized account of such expenditures in accordance with Company's reimbursement policies
and procedures. 

    6.  Termination of Employment.  The employment of the Employee may be terminated only as follows: 

    (a)  Termination by Employee for Good Reason.  Employee may terminate his employment for "good reason" by
virtue of a material breach of this Agreement by the Company after giving the Company written notice of such breach and affording the Company the opportunity to cure such breach within thirty days
following the Company's receipt of the written notice. In the event the Company fails in the reasonable judgment of the Employee to cure such breach, his employment shall terminate on the date
specified in his notice and such termination shall be deemed to be other than for Cause as defined in Section 7 hereof. 

    (b)  Termination for Cause by the Company.  

     (i) The
Company may terminate the employment of Employee at any time for "Cause" by following the procedure set forth below. The term "Cause" as used in this
Section 5(b) shall mean one or more of the following: (1) the conviction of Employee for a felony crime or plea of nolo contendere to
same, either in connection with the performance of his obligations to the Company or which the Board of Directors of the Company reasonably believes might adversely affect the Employee's ability to
perform his duties; (2) a breach of fiduciary duty or material breach of the terms of this Agreement, the Nondisclosure and Intellectual Property Agreement referred to in Section 6, or
any other agreement
executed by Employee in connection herewith; (3) Employee's performance or behavior which brings adverse publicity on the Company; (4) the commission by the Employee of an act of fraud
or embezzlement, whether directly or indirectly, reasonably deemed by the Board of Directors to be of a significant nature; (5) the failure of the Employee to render services to the Company in
accordance with his assigned duties, which failure adversely affects or could adversely affect 

2

 

the business, prospects, financial condition, operations, property or affairs of the Company; or (6) the Employee's substantial and continuing insubordination or disregard of the rules or
policies of the Company or the instructions of the Board of Directors. 

    (ii) A
determination of "Cause" may only be made by the CEO of the Company and approved by the Board of Directors after presenting the Employee with the details of the
alleged grounds for termination in writing, giving the Employee access to all material evidence concerning the allegations, and then giving the Employee an opportunity to be heard with respect to the
allegations before a duly held meeting of the Board of Directors (the "Meeting"). If the determination of "Cause" is based on any of Subsections 5(b)(i)(2), (3), or (5), the Company shall provide
Employee a 30-day (from the date of the Meeting) opportunity to cure. If the actions (or failure to act) constituting the alleged grounds are not cured to the reasonable satisfaction of
the Board of Directors within the 30-day period, the Employee's employment shall thereupon terminate. 

    (c)  Death.  Employee's employment shall terminate effective on the date of death of Employee. Any
obligation of the Company to Employee not discharged or dischargeable prior to Employee's death, however, will be discharged thereafter in accordance with this Agreement. 

    (d)  Disability.  This Agreement shall terminate in accordance with the provisions of Section 9 of
this Agreement, upon the total disability of the Employee. Employee's total or partial disability shall not extend the term of this Agreement. 

    7.  Damages in the Event of Termination Other than for Cause by the Company.  A termination by the
Company of the employment of the Employee other than for Cause or due to total disability of the Employee shall entitle the Employee to recover damages consisting of base salary and the benefits under
Sawtek retirement plans for the period beginning with the date of such termination and ending on June 30, 2002 (less withholding for applicable taxes). The Company shall also reimburse Employee
for any COBRA premiums paid by Employee after Employee has elected COBRA coverage under any applicable Company or Sawtek welfare benefit plans for the period beginning with the date of such
termination and ending on June 30, 2002. 

    8.  Non-Disclosure and Intellectual Property Agreement.  

    Employee
and the Company have entered into the Non-Disclosure and Intellectual Property Agreement, a copy of which is attached to this Agreement as Exhibit A. 

    9.  Disability of Employee.  

    (a)  Definitions.  For purposes of this Agreement, whenever used in this paragraph: 

    (1) The
term "total disability" shall mean that Employee is determined to be totally disabled for purposes of the Sawtek ESOP. 

    (2) The
term "partial disability" shall mean that Employee is able to perform to some extent the services he has been employed to perform, but he is unable, by reason
of sickness or accident, to devote the same amount of time to such service as he was prior to the occurrence of such sickness or accident. 

    (3) The
terms defined as "total disability" and "partial disability" shall be superseded by the definition of these terms in any long-term wage continuation
disability insurance policy covering Employee which may be purchased by the Company. 

    (b)  Salary Continuation During Total Disability.  Subject to the provisions of subparagraphs 9(f) below,
if Employee becomes totally disabled, he shall receive such disability benefits as similarly situated employees of the Company. 

3

 

    (c)  Salary Continuation During Partial Disability.  If Employee becomes partially disabled, he shall be
paid his regular salary for the month in which the disability occurs and, during the period of partial disability he shall be paid a reduced salary each month, the amount of which shall be determined
from time to time during such period by agreement between the Company and Employee. 

    (d)  Salary Reduction Because of Insurance Benefits.  Notwithstanding anything herein to the contrary,
the salary to be paid Employee for any month pursuant to Sections 9(b) or (c) above shall be reduced by the following: 

    (1) All
disability income benefits (other than those provided under insurance privately purchased by Employee), if any, paid or payable directly to Employee by an
insurance company pursuant to any wage continuation disability insurance policy owned by and/or for which the premiums are paid by the Company pursuant to a disability or health plan, if any, adopted
by the Company. 

    (2) That
amount, if any, which is necessary to prevent a reduction in any disability income benefits payable directly to Employee under any wage continuation disability
income insurance policy by reason of a provision in such policy limiting the benefits payable thereunder to a certain percentage of the monthly earnings and other payments and benefits Employee is
entitled to receive because of his disability. 

    (e)  Commencement Date of Disability Period.  The commencement date of a period of disability, whether it
be a continuous period or the aggregate of successive periods, shall be the day of the month on which Employee is determined to be disabled by a physician (as defined in the then current applicable
Company disability plan). 

    (f)  Determining Existence of Disabilities.  Any dispute regarding the existence, extent, or continuance
of a disability shall be resolved by the determination of a doctor of medicine acceptable to both the Company and Employee. If they cannot agree on an acceptable doctor to make such determination, the
Company and Employee shall each select a doctor to do so. If the two doctors so selected cannot agree, such doctors shall select a third doctor and the decision of a majority of such three doctors
shall control. All costs incurred in connection with such determination shall be borne equally by the Company and Employee. 

    (g) The
foregoing provisions of this Section shall not be construed as an obligation by the Company to provide long term disability insurance for Employee. 

    10.  Severability.  If any covenant, condition, term or provision contained in this Agreement shall be
held to be invalid, illegal, or unenforceable in any respect, in whole or in part, by judgment, order or decree of any court or other judicial tribunal of competent jurisdiction, from which judgment,
order or decree no further appeal or petition for review is available, it shall be severed from this Agreement and the validity of the remaining covenants, conditions, terms and provisions contained
in this Agreement, and the validity of the remaining part of any term or provision held to be partially invalid, illegal or unenforceable, shall in no way be affected, prejudiced, or disturbed
thereby. 

    11.  Injunctive Relief; Breach.  Employee hereby acknowledges that the services to be rendered and the
promises to be kept hereunder are unique and special and that damages to the Company by virtue of a breach of this Agreement, would be difficult or impossible for the Company to estimate, and by
reason thereof, Employee hereby agrees that for violation of any of the provisions of this Agreement, the Company shall, in addition to any other rights and remedies available hereunder, at law or
otherwise, be entitled to seek an injunction to be issued by any court of competent jurisdiction enjoining and restraining Employee from committing any violation of this Agreement, and Employee hereby
consents to the issuance of such an injunction. 

4

 

    12.  Assignment.  This Agreement, or any promise or covenant by Employee contained herein, or any right,
remedy or Cause of action of Company may be assigned by the Company, its successors or assigns, but not by Employee. 

    13.  Notices.  Any and all notices, designations, consents, offers, acceptances, or any other
communication provided for herein shall be given in writing by certified mail, which shall be addressed to the addresses of the parties set forth herein, or if none, to the last known address of the
addressee. 

    14.  Waiver or Modification.  No waiver or modification of this Agreement or of any covenant, condition
or limitation herein contained shall be valid unless in writing and duly executed by the party to be charged therewith. Furthermore, no evidence of any waiver or modification shall be offered or
received in evidence in any proceeding, arbitration or litigation between the parties arising out of or affecting this Agreement, or the rights or obligations of any party hereunder, unless such
waiver or modification is in writing and duly executed as aforesaid. The provisions of this Section 14 may not be waived except as herein set forth. 

    15.  Applicable Law.  This Agreement shall be construed and regulated under and by the laws of the State
of Florida and shall inure to the benefit of and be binding upon the parties hereto and their heirs, personal representatives, legal representatives, estates, successors and assigns. 

    16.  Arbitration.  The parties agree to submit to arbitration before a single arbitrator under the
Commercial Rules of the American Arbitration Association any issues involving monetary relief for a breach of this Agreement or termination of employment under this Agreement. Equitable actions
arising out of a breach of this Agreement may be pursued in a court of competent jurisdiction in Florida. 

    17.  Venue.  Venue for any action or arbitration proceeding arising out of or in connection with this
Agreement shall be in Orange County, Florida, or in such other place where the cause of action arose. 

    18.  Section Headings.  Section headings used throughout this Agreement are for reference and convenience
and in no way define, limit or describe the scope or intent of this Agreement or affect its provisions. 

    19.  Remedies Cumulative.  All remedies mentioned in this Agreement are intended to be nonexclusive and
cumulative with all other remedies provided for by law and by this Agreement. 

    20.  Entire Agreement.  This Employment Agreement and the Non-Disclosure and Intellectual
Property Agreement supersede in their entirety all existing prior employment agreements, arrangements, provisions and understandings, whether written or oral, between Sawtek (or any of Sawtek's
subsidiaries or affiliates) and Employee made or entered into prior to the Effective Date. 

	 	 	COMPANY:
	

 	
 	

TRIQUINT SEMICONDUCTOR, INC.
	

 	
 	

By:	
 	

/s/ STEVEN J. SHARP   

	

 	
 	

EMPLOYEE:
	

 	
 	

/s/ RAYMOND A. LINK   
 Raymond A. Link

5

EXHIBIT "A"  

Non-Disclosure
and Intellectual Property Agreement 

QuickLinks

BACKGROUND OF THIS AGREEMENT

AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}]]