Document:

SEVERANCE AGREEMENT AND GENERAL RELEASE

 Exhibit 10.81 
  
 Alain Briançon 
  

	 	Re:	Severance Agreement and General Release 

  
 Dear Employee: 
  
 We are interested in resolving amicably your separation of employment with InterDigital Communications Corporation (“the Company”), effective October 24, 2005 (“Termination Date”). Toward this
end, we propose the following Severance Agreement, which includes a General Release. 
  
 The terms and conditions set forth in Paragraph 1 below will apply regardless of whether you elect to sign this Severance Agreement and General Release. However, the severance payments and other benefits set forth in
Paragraph 2 below are contingent on your signing this Severance Agreement and General Release. 
  
 You may consider for twenty one (21) days whether you wish to sign this Severance Agreement and General Release. You are encouraged to review the proposed Agreement with your attorney. 
  
 1. As noted above, regardless of whether you sign this Agreement: 

 
 (a) Your last day of employment will be your Termination
Date. You will be paid for all time worked up to and including your Termination Date. 
  
 (b) You will be paid for accrued but unused PTO following payroll’s receipt of your final timesheet in accordance with Company
policy. 
  
 (c) Your eligibility to participate
in Company sponsored health insurance (including medical, dental and vision) will cease effective your Termination Date. However, you will be eligible to continue such benefits, at your sole expense, pursuant to the Consolidated Omnibus Budget
Reconciliation Act (“COBRA”), subject to COBRA’s terms, conditions and restrictions. 
  
 (d) Your eligibility to participate in all other Company sponsored group benefits including group life, disability and accidental death
and dismemberment coverage will cease effective your Termination Date. However, you may be eligible to convert your life insurance coverage to a private policy, at your sole expense, subject to the insurer’s terms, conditions and restrictions.
If you wish to convert your life insurance policy to a private policy, please contact Human Resources to receive the appropriate paperwork. Your participation in the Company’s 401(k) Savings Plan or Employee Stock Purchase Plan shall cease
effective your Termination Date. You will receive detailed information from the Company’s 401(k) Plan provider (Diversified Investment Advisors) regarding your 401(k) Plan fund status and disbursement options. 

 Briançon 
 October 24, 2005 
 Page 2 
  

 (e) Your participation in the Company’s Flexible Reimbursement Account will
cease effective your Termination Date. You will have a set amount of time following your last day of employment to submit claims for reimbursement under this Plan. Details will be provided by Human Resources. 
  
 (f) All vested stock options previously granted to you by
the Board will terminate in accordance with the terms of the applicable stock option plan under which they were granted. Any non-vested options will terminate effective your last day of employment. A schedule setting forth your holdings has been
provided to you. You are responsible for reviewing the applicable stock option plan and option grant and determining the expiration date of your options. If you need assistance, please contact the Company’s stock plan administrator. 

 
 (g) You will receive a pro-rata portion of any Cycle 1
and Cycle 2 cash award and a pro rata portion of your Cycle 1 and Cycle 2 RSU awards under the Company’s Long Term Compensation Program (LTCP) in accordance with the terms of the LTCP. 
  
 (h) The restricted stock granted as part of your annual
bonus in the last two fiscal years will remain restricted as to transferability as set forth in the related award agreements. 
  
 2. If you sign this Agreement, agreeing to be bound by the General Release set forth in Paragraph 3 below and the other terms and conditions of this
Agreement, the Company agrees as follows, intending to be legally bound: 
  
 (a) To pay 12 months of severance pay in accordance with your Employment Agreement dated January 2, 2001 at your current rate of base salary as of $291,900, less withholding of all applicable federal, state and
local taxes. The severance payments will be paid to you in accordance with the Company’s regular payroll practices. The first severance payment will be made to you consistent with the first regular pay period following the expiration of the
Revocation Period set forth in paragraph 19 below, provided that the Company has received an executed copy of this Agreement. 
  
 (b) To pay the “designated portion” of the premiums with regard to your continued participation in the Company’s group
health insurance (medical, dental, vision) pursuant to COBRA for a period of 12 months, provided that you continue to have your co-payment withheld from your severance pay or otherwise pay your co-payment on a timely basis. Thereafter, your
continued participation in the Company’s group health plan pursuant to COBRA shall be at your sole expense. For purposes of this provision, the “designated portion” shall be the portion of the premium which the Company paid at the
time of your termination. 
  
 (c) To accelerate
settlement of the pro rata portion of the RSUs awarded to you under Cycle 2 of the LTCP to the same date as your Cycle 1 RSUs are distributed. 

 Briançon 
 October 24, 2005 
 Page 3 
  

 (d) To pay you a pro rata portion of your 2005 annual bonus based on the number of
pay periods worked in 2005, such bonus to be calculated under the terms of the Company’s Annual Employee Bonus Plan and paid no later than March 15, 2006, in exchange for your agreement to relinquish all rights and interest in any pro-rata
portion of a cash award you could be entitled to under Cycle 2 of the LTCP. Your rights with respect to a pro rata portion of any cash award under Cycle 1 of the LTCP remain unaffected. By signing this Agreement, you expressly agree to relinquish
all rights and any claim in a cash award in Cycle 2 of the LTCP. 
  
 (e) To provide you with outplacement services designed for executives for a period of 6 months if you so request. The provider shall be selected by the Company. 
  
 3. In consideration for the Company’s severance payments and other
benefits set forth above in Paragraph 2, you agree, intending to be legally bound, to release and forever discharge the Company and any parent, subsidiary, related or affiliated companies, and each of their past, present and future officers,
directors, attorneys, employees, owners, partners, insurers, benefit plan fiduciaries and agents, and their respective successors and assigns (collectively “Releasees”), jointly and severally, from any and all actions, complaints, causes
of action, lawsuits or claims of any kind, known or unknown, asserted or unasserted to the extent permitted by law (collectively “Claims”), which you, your heirs, agents, successors or assigns ever had, now have or hereafter may have
against Releasees arising out of any matter, occurrence, omission, or event existing or occurring prior to your execution of this Agreement, including, without limitation: (a) any Claims relating to or arising out of your employment with and/or
termination of employment by the Company and/or any of its parent, subsidiary, related and/or affiliated companies; (b) any Claims for unpaid or withheld wages, severance, benefits, bonuses, equity compensation, cash awards under the LTCP,
commissions and/or other compensation of any kind; (c) any Claims for reimbursement of expenses of any kind; (d) any Claims arising under the Employee Retirement Income Security Act; (e) any Claims arising out of or relating to your
Employment Agreement dated January 2, 2001; (f) any Claims for attorneys’ fees, costs or expenses; (g) any Claims of discrimination and/or harassment based on age, sex, race, religion, color, creed, disability, handicap,
citizenship, national origin, ancestry, sexual orientation, or any other factor protected by Federal, State or Local law (such as the Age Discrimination in Employment Act, 29 U.S.C. §621 et. seq., Title VII of the Civil
Rights Act of 1964, as amended, the Americans with Disabilities Act, and the Pennsylvania Human Relations Act and the New York Human Rights Law) and any Claims for retaliation under any of the foregoing; (h) any Claims under the Family and
Medical Leave Act or any other federal, state or local laws governing leaves of absence; (i) any Claims under the National Labor Relations Act; (j) any Claims under the Sarbanes-Oxley Act of 2002; (k) any Claims for violation of
public policy; (l) any other Claims for retaliation and/or any whistleblower Claims; (m) any Claims for emotional distress or pain and suffering; and/or (n) any other statutory or common law Claims, now existing or hereinafter
recognized, including, but not limited to, breach of contract, libel, slander, fraud, wrongful discharge, promissory estoppel, equitable estoppel and misrepresentation. 

 Briançon 
 October 24, 2005 
 Page 4 
  

 4. You acknowledge and agree that the Company’s severance payments and other benefits under
Paragraph 2 above are not required by any policy, plan or prior agreement and constitute adequate consideration to support your General Release in Paragraph 3 above. In particular your Employment Agreement provides that you are not
entitled to severance payments and continuation of medical and dental insurance unless you execute and deliver, without revocation, the Company’s termination letter which includes a broad-based release of claims. 
  
 5. The General Release in Paragraph 3 above does not: 
  
 (a) Apply to any vested benefits or result in the waiver of
any claim under any Company retirement, 401(k), profit-sharing, ESPP or other deferred compensation plan; 
  
 (b) Preclude you from filing a Claim to determine the scope, meaning or effect of the Agreement; 
  
 (c) Constitute a waiver of any rights to indemnification or
coverage under director and officer liability insurance policies or indemnity agreements. 
  
 6. Regardless of whether you execute this Agreement: 
  
 (a) Regardless of whether you execute this Agreement, you are prohibited from using or disclosing, directly or indirectly, for you own
benefit or the benefit of any person or entity, any of the confidential and proprietary information of the Company (the “Confidential Information”), except as may be required to be disclosed pursuant to judicial, arbitral or governmental
requirement or order, provided you take reasonable steps to give the Company sufficient notice in order to contest such requirement or order in accordance with 6(b) below. Such Confidential Information includes but is not limited to, information
regarding the Company’s sales and marketing information and techniques, business plans, financial data, trade secrets (including without limitation any technical information, hardware, software, algorithms, source code, object code, drawings,
sketches, designs, processes, procedures, formulae, data, reports, computer programs, charts, improvements and any other technical information or knowledge relating to the development, design and implementation of the Company’s products and
services), pricing lists, supplier lists and other confidential supplier data, customer lists and other confidential customer data, and any other information or knowledge concerning the Company and its business or others that the Company does
business with, whether or not in tangible form, that is not otherwise publicly available. Further, you are required to execute such documents or instruments as may be required for patent prosecution. You are reminded of your obligations under
Sections 6, 7 and 8 of your Employment Agreement dated January 2, 2001 as well as your obligations under your Non- Disclosure and Assignment of Ideas Agreement dated as of February 28, 2005 (“Non-Disclosure Agreement”). Your
obligations under your Non-Disclosure Agreement as well as Sections 6, 7, 8, 10 and 22 of your Employment Agreement survive termination of your employment, regardless of whether you execute this Agreement. By 

 Briançon 
 October 24, 2005 
 Page 5 
  

 
signing this Agreement, you re-affirm your obligations under the Employment Agreement and Non-Disclosure Agreement as defined above. 
  
 (b) In the event you receive a request or demand, orally, in
writing, electronically or otherwise, for the disclosure or production of information which you acquired in the course of your employment which is not generally known by or readily accessible to the public, you must notify immediately the
Company’s General Counsel by calling him immediately at the following phone number: 610-878-7800. Regardless of whether you are successful in reaching the General Counsel by telephone, you also must notify him immediately in writing, via
certified mail, at the following address: 781 Third Avenue, King of Prussia, PA 19406. Any and all documents relating to the request or demand shall be included with the written notification. You shall wait a minimum of ten (10) days (or the
maximum time permitted by such legal process, if less) after sending the letter before making a disclosure or production to give the Company time to determine whether the disclosure or production involves confidential and/or proprietary information,
in which event the Company may seek to prohibit and/or restrict the production and/or disclosure and/or to obtain a protective order with regard thereto. This provision covers, but is not limited to, requests or demands in connection with judicial,
administrative, arbitration and all other adversarial proceedings. If the request or demand is in conjunction with judicial, administrative, arbitration or other adversarial proceedings, copies of all correspondence regarding the request or demand
shall be included with the information sent to the Company’s General Counsel. 
  
 7. As a condition precedent to receiving the severance payments and other benefits set forth in paragraph 2 above, you must return to the Company, retaining no copies, all Confidential Information,
Company property, keys, access cards, documents, forms, correspondence, computer equipment, computer tapes and diskettes, CDs, DVDs, PDAs, manuals, engineering notebooks, customer information, and any other property and information in either printed
or electronic formats which you obtained as a result of or in connection with your employment by the Company. Additionally, as a condition precedent to receiving the severance payments and other benefits set forth in paragraph 2 above, you
will provide certification and other written assurance to the Company that you have complied with the provisions set forth in this section 7. 
  
 8. You agree that, at all times, the existence, terms and conditions of this Agreement will be kept secret and confidential and will not be disclosed
voluntarily to any third party, except to your spouse, if applicable, to the extent required by law, to enforce the Agreement or to obtain confidential legal, tax or financial advice with respect thereto. 
  
 9. You agree that you will not make any negative comments or disparaging
remarks, in writing, orally or electronically, about the Company or any other Releasee and their respective officers, directors, employees and agents and their respective products and services. However, nothing in this Agreement shall be interpreted
to restrict your right and obligation (i) to testify truthfully in any forum or (ii) to cooperate fully in any investigation by a governmental agency which regulates the Company or its business. 

 Briançon 
 October 24, 2005 
 Page 6 
  

 10. In response to any inquiries by employees of the Company or third parties concerning any of the
terms or circumstances of your termination, you agree (i) that you will state only that your employment with the Company has been terminated or state information publicly disclosed by the Company, whether in press releases, public filings or
otherwise, or (ii) if information publicly disclosed by the Company, whether in press releases, public filings or otherwise, concerning this Agreement is inaccurate in any material respect, you may respond to the inquiry with accurate
corrective information so long as you have previously notified the Company of the material inaccuracy and requested the Company to issue a corrective disclosure and the Company has failed to issue such a corrective disclosure within five business
days of your notification and request. 
  
 11. You agree to resign
from any and all positions with the Company, its subsidiaries, related and affiliated organizations as well as from any and all positions you hold with any non-affiliated organization (including trade organizations or standards bodies) in a capacity
as a representative of the Company. 
  
 12. While you are not
prevented from applying for employment or reemployment with the Company or any related or affiliated company in the event that you seek employment and/or reemployment, the Company or any parent, subsidiary, related or affiliated company shall have
no obligation to employ you or reemploy you, and the failure or refusal to employ you or reemploy you shall not be deemed to be unlawful retaliation or discrimination against you. 
  
 13. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania,
without reference to conflict of law principles. 
  
 14. Nothing
in this Agreement shall be construed as an admission or concession of liability or wrongdoing by the Company or any other Releasee as defined above. Rather, the proposed Agreement is being offered for the sole purpose of settling amicably any and
all possible disputes between the parties. 
  
 15. If any
provision in this Agreement or the application thereof is construed to be overbroad, then the court making such determination shall have the authority to narrow the provision as necessary to make it enforceable and the provision shall then be
enforceable in its narrowed form. Moreover, each provision in this Agreement is independent of and severable from each other. In the event that any provision in this Agreement is determined to be legally invalid or unenforceable by any court of
competent jurisdiction and cannot be modified to be enforceable, the affected provision(s) shall be stricken from the Agreement, and the remaining terms of the Agreement and its enforceability shall remain unaffected thereby. 
  
 16. This Agreement constitutes the entire agreement between the parties and
supersedes any and all prior agreements, written or oral, expressed or implied, except the Non-Disclosure Agreement, Sections 6, 7, 8, 10 and 22 of the Employment Agreement, the Indemnity Agreement 

 Briançon 
 October 24, 2005 
 Page 7 
  

 
dated March 19, 2003, the Company’s D&O liability insurance, which survive the termination of your employment and are incorporated herein by
reference. 
  
 17. You acknowledge and agree that, subsequent to
the termination of your employment, you shall not be eligible for any payments from the Company or Company-paid benefits, except as expressly set forth in this Agreement. 
  
 18. You agree and represent that: 
  

(a) You have read carefully the terms of this Agreement, including the General Release; 
  
 (b) You have had an opportunity to and have been encouraged
to review this Agreement, including the General Release, with an attorney; 
  
 (c) You understand the meaning and effect of the terms of this Agreement, including the General Release; 
  
 (d) You were given as much time as you needed to determine whether you wished to enter into this Agreement, including the General Release;

  
 (e) The entry into and execution of this
Agreement, including the General Release, is of your own free and voluntary act without compulsion of any kind; 
  
 (f) No promise or inducement not expressed herein has been made to you; and 
  
 (g) You have adequate information to make a knowing and voluntary waiver. 
  
 19. If you sign this Agreement, you will retain the right to revoke it for
seven (7) days. The Agreement shall not be effective until after the Revocation Period has expired. To revoke this Agreement, you must send a certified letter to my attention. The letter must be post-marked within 7 days of your execution of
this Agreement. If the seventh day is a Sunday or federal holiday, then the letter must be post-marked on the following business day. If you revoke this Agreement on a timely basis, you shall not be eligible for the severance payments and other
benefits set forth in paragraph 2 above. 
  
 20. As noted
above, you have 21 days to decide whether you wish to execute this Agreement. If you do not sign this Agreement on or before November 14, 2005, then this offer is withdrawn and you will not be eligible for the severance payments and other
benefits set forth in paragraph 2 above. 

 Briançon 
 October 24, 2005 
 Page 8 
  

 *         *         *

  
 If you agree with the proposed terms as set forth above,
please sign this letter, indicating that you understand, agree with and intend to be bound by such terms, and return it to me. 
  
 We wish you the best in the future. 
  

	
	 Sincerely,

	
	/s/    GARY D. ISAACS        
	Gary Isaacs, Sr. Human Resources Officer

  

	
	UNDERSTOOD AND AGREED,
INTENDING TO BE LEGALLY BOUND:
	
	/s/    ALAIN C.
BRIANÇON        
	Alain Briançon

  
 October 25, 2005 
 Date 
  

	
	
	/s/    MARIA
BRIANÇON        
	WitnessSeverance Agreement

 Exhibit 10.36 
  
 SEVERANCE AGREEMENT 
  
 THIS AGREEMENT (“Agreement”) is made and entered into as of October 21, 2005 (the “Effective Date”) by and among Artesyn
Technologies, Inc., a Florida corporation (hereinafter referred to as the “Company”), and the individual identified on the signature page of this Agreement (the “Employee”). 
  
 WITNESSETH 
  
 WHEREAS, the Employee is a key employee of the Company; and 
  
 WHEREAS, the Company and the Employee are parties to a letter agreement, dated July 13, 2005 (the “Letter
Agreement”), providing, among other things, for certain severance protection in the event of a termination of the Employee’s employment with the Company; and 
  
 WHEREAS, in connection with the Employee’s appointment as the Chief Financial Officer of the Company, the Company
wishes to provide the Employee with severance protection commensurate with certain other key executive officers of the Company, subject to the terms and conditions set forth in this Agreement; 
  
 NOW THEREFORE, to assure the Company that it will have the continued
dedication of the Employee and the availability of his advice and counsel, and to induce the Employee to remain in the employ of the Company and agree to the covenants set forth in this Agreement, and for other good and valuable consideration, the
Company and the Employee agree to be legally bound as follows: 
  
 Article 1. Definitions 
  

	1.1	Whenever used in this Agreement, the following terms have the meanings set forth below; 

  

	1.2	“Base Salary” means the salary of record paid by the Company to the Employee as an annual salary, excluding amounts received under incentive or other bonus plans, whether
or not deferred. 

  

	1.3	“Cause” means the occurrence of any one or more of the following: 

  

	 	1.3.1	Any conviction of the Employee of a felony under Federal or state law; 

  

	 	1.3.2	Any failure of the Employee to perform, in any material respect, any of his duties or obligations for the Company or any affiliate of the Company (other than as a result of a
disability), and if such failure continues for more than thirty (30) days 

	 	    	after notice from the Company thereof; provided, however, that if such failure is incapable of being cured, in the good faith determination of the Company, no such
thirty (30)-day notice period shall apply; or 

  

	 	1.3.3	Any action or omission to take action by the Employee in connection with his duties and/or responsibilities for the Company or any affiliate of the Company that constitutes willful
misconduct or gross negligence and such action or omission adversely affect the business, reputation, financial or other condition of the Company. 

  
 The parties hereto acknowledge and agree that matters of the business judgment of the Executive or the
economic performance of the Company or any segment thereof shall not be factors in determining Cause, except to the extent that they involve gross negligence or willful misconduct. 
  

	1.4	“Change in Control” means, and shall be deemed to have occurred upon the occurrence of, any one of the following events: 

  

	 	1.4.1	The consummation of any of the following transactions: (A) a merger, recapitalization or other business combination of the Company with or into another corporation, or an
acquisition of securities or assets by the Company, pursuant to which the Company is not the continuing or surviving corporation or pursuant to which all or substantially all of the shares of the Company’s common stock are converted into cash,
securities of another corporation or other property, other than a transaction in which the holders of the Company’s common stock immediately prior to such transaction (including any preliminary or other transactions relating to such
transaction) will continue to own at least 50% of the total voting power of the than outstanding securities of the surviving or continuing corporation immediately after such transaction, (B) any sale, lease, exchange or other transfer (in one
transaction or a series of related transactions) of all, or substantially all, of the assets of the Company or (C) the liquidation or dissolution of the Company, except in connection with the voluntary or involuntary declaration of bankruptcy
or insolvency under applicable Federal and/or state law; 

  

	 	1.4.2	A transaction in which any Person (as such term is used in Sections 13(d)(3) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)),
corporation or other entity (other than the Company, an affiliate of the Company, or any profit sharing, employee ownership or other employee benefit or similar plan sponsored by the Company or any of its subsidiaries, or any trustee of or fiduciary
with respect to any such plan when acting in such capacity, or any group comprised solely of such entities): (A) shall purchase common stock (or securities convertible into common stock) representing at least 40% of the total voting power of
the then-outstanding securities of the Company for cash, securities or any other consideration pursuant to a tender offer or exchange offer, or (B) shall become the “beneficial owner” (as such term is defined in Rule 13d-3

  

 - 2 - 

	 	    	under the Exchange Act), directly or indirectly (in one transaction or a series of related transactions), of securities of the Company representing 50% or more of the total voting
power of the then-outstanding securities of the Company ordinarily (and apart from the rights accruing under special circumstances) having the right to vote in the election of the Company’s directors; 

  

	 	1.4.3	If, during any period of two (2) consecutive years, individuals who at the beginning of such period constituted the entire Board of Directors of the Company (the
“Board”) and any new director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least a majority of the directors then still in office who either were directors at the
beginning of the period or whose election or nomination for election by the stockholders was previously so approved, cease for any reason to constitute a majority thereof; or 

  

	 	1.4.4	The consummation of (A) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the
Employee’s Division, or (B) any spin-off or other transaction pursuant to which the Employee’s Division is acquired by an unrelated party or becomes unaffiliated with the Company. 

  

	1.5	“Division” means the Company business unit, either the Power Conversion or Communications Products division as of the Effective Date, that employs the Employee or to which
the Employee is otherwise assigned as of the date of any Change in Control. 

  

	1.6	“Eligible Termination” means either (i) a Termination Without Cause by the Company, or (ii) a Resignation With Good Reason by the Employee.

  

	1.7	“Resignation With Good Reason” means any termination by the Employee of the Employee’s employment after the occurrence of any of the following to which the Employee
shall not have consented: (i) the assignment to the Employee of positions or duties materially inconsistent with the Employee’s positions and duties as of the date of any Change in Control, (ii) a material diminution of the
Employee’s position, authority, responsibilities or benefits to which he is entitled as of the date of any Change in Control, (iii) a relocation of the Employee’s workplace further than a fifty (50) mile radius from the present
location, or (iv) a material reduction of the Employee’s base salary or the Employee’s “target award” opportunity under the Company’s incentive bonus program. 

  
 A Resignation With Good Reason shall not be effective unless
and until the Employee has given notice of the condition giving rise to the Resignation With Good Reason and such condition is not corrected within thirty (30) days of such notice. 
  

	1.8	“Severance Benefits” means the benefits described in Section 2.1 of this Agreement as, and solely to extent that, the Employee is entitled to such benefits as
provided under the terms of this Agreement. 

  

 - 3 - 

	1.9	“Severance Period” means the period beginning on the date that a Change in Control is deemed to have occurred and ending on the second anniversary of that date.

  

	1.10	“Termination Without Cause” means a discharge by the Company of the Employee from his employment other than for Cause. 

  
 Article 2. Severance Benefits 
  

	2.1	Severance Benefits. In the event that, during the term of this Agreement, an Eligible Termination shall occur during a Severance Period, the Company shall pay to the
Employee, in a single lump sum within ten (10) days following the date of the Employee’s termination, (i) an amount equal to the Employee’s highest monthly Base Salary during the 12-month period immediately prior to the date of
termination times twenty-four (24), and (ii) an amount equal to the sum of (A) the Employee’s Base Salary through the date of termination to the extent not theretofore paid, (B) the amount of any bonus, incentive compensation,
deferred compensation and other cash compensation earned by the Employee and otherwise payable as of the date of termination to the extent not theretofore paid and (C) any vacation pay, expense reimbursements and other cash entitlements earned
by the Employee and otherwise payable as of the date of termination to the extent not theretofore paid (the “Accrued Benefits”). Notwithstanding the foregoing, and to the extent permitted by applicable law, the amount otherwise payable
under (i) in the preceding sentence shall be reduced (but in any event not to an amount less than $0) by the amount of any severance, separation or similar benefit that the Company pays to the Employee as a result of the Employee’s
termination, whether such payment is pursuant to statute, regulation, operation of law or a Company plan, policy, practice or other arrangement, as determined in good faith by the Board (or the Board’s Compensation Committee).

  

	2.2	Termination for Any Other Reason. If the Employee’s employment with the Company is terminated under any circumstances other than those set forth under the definition of
an “Eligible Termination” in Section 1.5, including without limitation by reason of retirement, death, disability, discharge for Cause or resignation other than a Resignation With Good Reason, the Employee shall have no right to
receive the Severance Benefits under this Agreement or to receive any payments in respect of this Agreement. 

  

	2.3	Withholding of Taxes. The Company shall withhold from any amounts payable under this Agreement all Federal, state, local, or other taxes as legally shall be required to be
withheld. 

  

	2.4	Certain Adjustments to Payments by the Company. Notwithstanding anything in this Agreement to the contrary, in the event that any benefits payable or otherwise provided under
this Agreement would be deemed to constitute non-qualified deferred compensation subject to Section 409A of the Code, the Company shall have the discretion to adjust the terms of such payment or benefit as it deems necessary, in a
commercially-reasonable manner to comply with the requirements of Section 409A to avoid the imposition of any excise tax or other penalty with respect to such payment or benefit under Section 409A of the Code. 

  

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	2.5	Condition to Entitlement to Severance Benefits. In addition to the other terms and conditions of this Agreement, the Employee shall be eligible to receive Severance Benefits
hereunder only if prior to the receipt of such benefits he executes a release of claims against the Company, its affiliates and other appropriate releasees, in a form reasonably acceptable to the Company. 

  
 Article 3. Unconditional Obligations; Dispute Resolution 
  

	3.1	General. The Company’s obligation to make the payments provided for under this Agreement and otherwise to perform its obligations hereunder shall not be affected by any
set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Employee or others. Any dispute under this Agreement arising out of or relating to Section 2 hereof shall be settled by
arbitration in accordance with this Section 3. 

  

	3.2	Commencement. Either party may serve upon the other party written notice that the dispute, specifying the nature thereof, shall be submitted to arbitration. Within ten
(10) days after the service of such notice, the parties shall mutually appoint a disinterested arbitrator. If the parties are unable to agree upon a mutually acceptable arbitrator within the specified time to appoint such arbitrator, then an
application for the appointment of an arbitrator may be made by either party hereto, upon written notice to the other party, to the American Arbitration Association, or any successor thereto. If the American Arbitration Association or its successor
shall fail to appoint an arbitrator within ten (10) days after such request, then either party may apply, with written notice to the other, to any court of competent jurisdiction for the appointment of an arbitrator, and any such appointment so
made shall be binding upon both parties hereto. 

  

	3.3	Applicable Rules and Procedures. The arbitration shall be conducted, to the extent consistent with this Section 3, in accordance with the then prevailing rules and
procedures of the American Arbitration Association or its successor. The arbitrator shall have the right to retain and consult experts and competent authorities skilled in the matters under arbitration, but all consultations shall be made in the
presence of both parties who shall have full right to cross-examine the experts and authorities. Unless otherwise agreed by the parties, any such arbitration shall take place in Boca Raton, Florida, and shall be conducted in accordance with the
Commercial Arbitration Rules of the American Arbitration Association. 

  

	3.4	Decision. The arbitrator shall render its award not later than thirty (30) days after the arbitrator’s appointment. The arbitrator’s decision and award shall
be in writing, and counterpart copies shall be delivered to each of the parties. Such decision of the arbitrator shall be final and binding upon the parties hereto. In rendering its award, the arbitrator shall have no power to modify any of the
provisions of the Agreement, and the jurisdiction and power of the arbitrator are expressly limited accordingly. Judgment may be entered on the award of the arbitrator and may be enforced in any court having jurisdiction. 

 

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	3.5	Cost and Expenses. Each of the parties hereto shall bear all of its own fees, costs and expenses, including attorneys fees incurred by it in connection with any arbitration
proceeding pursuant to this Section 3. Notwithstanding the foregoing, in the event any party fails to comply with the decision of the arbitrator and the other party undertakes any action(s) or proceeding(s) to enforce such compliance, all costs
and expenses (including reasonable legal fees) incurred by the party seeking to enforce such compliance shall be borne by the party failing to so comply. 

  
 Article 4. Binding Effect: Successors 
  

	4.1	Non-Assignment. This Agreement is personal to the Employee and without the prior written consent of the Company shall not be assignable by the Employee otherwise than by will
or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Employee’s legal representatives. This Agreement shall inure to the benefit of and be binding upon the Company and its successors
and assigns. The Company 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 Company, or the Employee’s Division, to assume
expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. 

  
 Article 5. Term of Agreement 
  

	5.1	Term. The term of this Agreement hereunder shall commence on the Effective Date and shall continue until the third anniversary of the Effective Date; provided, that if a
Change in Control shall occur at any time between the first anniversary of the Effective Date and the third anniversary of the Effective Date, the term of this Agreement shall be extended until the expiration of the Severance Period applicable to
such a Change in Control. 

  
 Article 6.
Restrictive Covenants 
  

	6.1	Confidential Information. The Employee hereby agrees that he shall not, at any time during the term of this Agreement (other than as may be required in connection with the
performance by him of his duties hereunder) or thereafter, directly or indirectly use, communicate, disclose or disseminate any Confidential Information relating to the Company or any of its affiliated companies, and their respective businesses in
any manner whatsoever (except as may be required under legal process by subpoena or other court order), without the prior written consent of the Company. Such information shall include but is not limited to any and all information (verbal and
written) of the Company or any of its subsidiaries or with respect to any of their activities including, but not limited to, information relating to the Company’s technology; research; test procedures and results; manufacturing process,
machinery and equipment; financial information; products, identity of raw materials and services used; purchasing; trade secrets; coats; pricing; engineering; customers and prospects; marketing; and selling and servicing; provided, that Confidential
Information shall not include information of a general, non-proprietary nature generally known in the industry and company specific information that in such form is or becomes publicly available other than through improper means in

  

 - 6 - 

	    	which the Employee participated or of which he has knowledge. Promptly following the termination of the Employee’s employment for any reason, the Employee shall return all
property, credit cards, and materials, etc. belonging to this Company which are in the Employee’s possession or control. 

  

	6.2	Non-Solicitation Covenant. The Employee hereby agrees that he shall not, while employed by the Company during the term of this Agreement and for a period of twelve
(12) months after any termination of such employment, directly or indirectly, hire, offer to hire, entice away or in any other manner persuade or attempt to persuade any officer, employee, agent, lessor, lessee, licensor, licensee, customer
(including those that are being actively solicited to become customers), creditor or supplier (each a “Solicited Person”) of the Company or any of its subsidiaries so that such person can start or develop a relationship with any other
person. For purposes of this Section 6.2, a Solicited Person shall be deemed to include any person or entity who was an officer, employee, agent, lessor, lessee, licensor, licensee, customer, prospective customer, creditor or supplier at any
time during the six-month period prior to the Employee’s termination date. 

  

	6.3	Injunctive Relief, etc. The parties hereto acknowledge and agree that (i) the Company would be irreparably injured in the event of a breach by the Employee of any of his
obligations under this Section 6; (ii) monetary damages would not be an adequate remedy for any such breach; and (iii) the Company shall be entitled to injunctive relief without being required to post a bond, in addition to any other
remedies that it may have, in the event of any such breach. It is hereby also agreed that the existence of any claims that the Employee may have against the Company or any of its subsidiaries, whether under this Agreement or otherwise, shall not be
a defense to the enforcement by the Company of any of he rights under Section 6. 

  

	6.4	Scope of Restrictions. It is the intent of the parties that the covenants and restrictions contained in this Section 6 shall be enforced to the fullest extent sought.
The Employee hereby acknowledges that said restrictions are reasonably necessary for the protection of the Company. Accordingly, it is hereby agreed that if any provision of this Section 6 shall be adjudicated to be invalid or unenforceable for
any reason whatsoever, said provision shall be (only with respect to the operation thereof in the particular jurisdiction in which such adjudication is made) construed by limiting and reducing it so as to be enforceable to the fullest extent
permissible, without invalidating or limiting the remaining provisions of this Agreement or affecting the validity or enforceability of said provision in any other jurisdiction. 

  

	6.5	Nonexclusivity. The undertakings and obligations of the Employee contained in this Section 6 shall be in addition to, and not in lieu of, any obligations which he may
have with respect to the subject matter hereof, whether by contract, as a matter of law or otherwise. 

  

	6.6	Survival of Provisions of Section 6. It is understood and agreed that the provisions of this Section 6 shall survive the date of termination or expiration of this
Agreement. 

  

 - 7 - 

	6.7	Effect on Company Obligations Under this Agreement. An asserted violation of the provisions of this Section 6 shall constitute a basis for deferring or withholding
amounts or benefits otherwise payable to the Employee under this Agreement. 

  
 Article 7. Miscellaneous 
  

	7.1	Employment Status. Neither this Agreement nor any provision hereof shall be deemed to constitute a contract that in any way restricts the Company’s rights to make
changes in personnel, compensation, benefits or other changes in managing the Company or any subsidiary or other affiliate thereof. 

  

	7.2	Entire Agreement. This Agreement contains the entire understanding of the Company and the Employee with respect to the subject matter hereof. Other than this Agreement, there
are no agreements, oral or written, between the Company and its subsidiaries and the Employee with respect to severance or termination pay or benefits; provided that this Agreement shall not be deemed to affect any bonus payment due pursuant
to Section 3 of the Letter Agreement. 

  

	7.3	Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine; the plural shall include the singular and
the singular shall include the plural. 

  

	7.4	Notices. All notices, requests, demands, and other communications hereunder must be in writing and shall be deemed to have been duly given if delivered by hand or mailed
within the continental United States by first-class certified mail, return receipt requested, postage prepaid, to the other party, addresses as follows: 

  
 (a) if to the Company: 
  
 Attn: Chief Executive Officer 
 Artesyn Technologies, Inc. 
 7900 Glades Road 
 Suite 500 
 Boca Raton, FL 33434-4105

  
 (b) if to the Employee, to him at the address
set forth at the end of this Agreement. Addresses may be changed by written notice sent to the other party at the last recorded address of that party. 
  

	7.5	Execution in Counterparts. This Agreement may be executed by the parties hereto in counterparts, each of which shall be deemed to be original, but all such counterparts shall
constitute one and the same instrument, and all signatures need not appear on any one counterpart. 

  

 - 8 - 

	7.6	Severability. In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts
of the Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not bean included. Further, the captions of this Agreement are not part of the provisions hereof and shall have no force and effect.

  

	7.7	Modification. No provision of this Agreement may be modified, waived, or discharged unless such modification, waiver or discharge is agreed to in writing and signed by the
Employee and on behalf of the Company. 

  

	7.8	Applicable Law. To the extent not preempted by the laws of the United States, the laws of the State of Florida, without reference to conflict of laws provisions, shall be the
controlling law in all matters relating to this Agreement. 

  
 Employee acknowledges that he/she has read the Agreement in its entirety, fully understands the Agreement, had either consulted with an attorney prior to signing the Agreement, or had the opportunity to consult an
attorney prior to signing the Agreement and chose not to do so. The Employee understands that the Employer has entered into this Agreement in reliance on the Employee’s statement and acknowledgement. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year first above written. 
  

			
	ARTESYN TECHNOLOGIES, INC.
		
	By:	 	 /s/ Joseph M. O’Donnell

	 	 	Joseph M. O’Donnell
	 	 	Chairman, President & Chief Executive Officer
	
	EMPLOYEE
		
	Name:	 	 /s/ Gary Larsen

	 	 	Gary Larsen
		
	Address:

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