Document:

Exhibit

SEPARATION AGREEMENT

This SEPARATION AGREEMENT (the “Agreement”) is entered into as of May ___, 2017, by and among David Ratner (“Employee”), Syniverse Technologies, LLC, a Delaware limited liability company (the “Employer”) and Syniverse Corporation, a Delaware corporation (the “Company”).  Employee, the Employer, and the Company are sometimes collectively referred to herein as the “Parties” and individually as a “Party.”

BACKGROUND

WHEREAS, the Company and Employee are currently parties to an Employment Agreement with an effective date of January 21, 2016 (the “Employment Agreement”); and

WHEREAS, the Parties have agreed that, as of June 1, 2017 (being referred to herein the “Separation Date”), Employee will terminate from his position as Executive Vice President – Chief Product Officer, as well as from any other offices and positions of the Company, the Employer, and their affiliates; and

WHEREAS, the Parties now wish to enter into this Agreement regarding the terms of Employee’s separation from employment with the Employer and its affiliates. 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants, representations, warranties and agreements set forth herein, the Parties agree as follows:

1.Separation from the Employer.  Effective as of the Separation Date, Employee will cease to be employed by the Employer and its affiliates, and will cease to hold any other offices and positions of the Company, the Employer, and their subsidiaries and affiliates.  The Parties acknowledge and agree that, for purposes of the Employment Agreement the termination of Employee’s employment with Employer shall be considered a termination by the Company without Cause (as defined in the Employment Agreement).  Employee acknowledges and agrees that through the date of the execution of this Agreement, the Company and the Employer have met all of their obligations under the Employment Agreement and any agreements, plans, and arrangements with Employee governing his employment and/or compensation or benefits.  Employee acknowledges and admits that he has been paid all wages, bonuses, accrued benefits and other amounts due to him through the date of execution of this Agreement.  The Parties agree that, except for: (a) any unpaid wages as of the Separation Date; (b) any accrued, unused paid time off as of the Separation Date; and (c) the separation benefits specifically set forth in Section 2 of this Agreement, neither the Employer nor the Company owes any additional amounts to Employee for wages, overtime payments, commissions, back pay, severance pay, bonuses, accrued vacation, benefits, insurance, sick leave, other leave, or any other reason.  Employee further acknowledges and agrees that he has received proper notice of his option to continue his medical and dental insurance pursuant to coverage continuation rules under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) and of his obligation to make timely monthly premium payments to continue such coverage.   This Agreement is intended to, and does settle and resolve, all claims of whatever nature that Employee might have against the Employer and the Company for whatever reason as of the date of execution of this Agreement.
2.Separation Benefits.  Subject to Section 7(a), Employer shall pay or provide to Employee the following payments and benefits (collectively, the “Separation Benefits”), in each case less applicable withholding taxes and other required items:

(a)    Pursuant to Section 4(d)(i) of the Employment Agreement, the Employer shall continue to pay Employee’s Base Salary (as defined in the Employment Agreement and payable at a rate of $400,000 per year) in accordance with the Employer’s general payroll practices (in effect from time to time) for a period commencing on the Separation Date and ending on the first anniversary thereof;
(b)    Pursuant to Section 4(d)(ii) of the Employment Agreement, the Employer shall pay Employee an amount equal to $300,000, which is his Target Bonus (as defined in the Employment Agreement) for the year ended December 31, 2017 (regardless of Company performance), on the same date Employer pays the 2017 annual bonus to its U.S. based employees (but in no event prior to January 1, or after March 31, 2018). 
(c)    Pursuant to Section 4(d)(iii) of the Employment Agreement, if Employee makes a timely election for continuation coverage under COBRA with respect to the group health plans provided to Employee as of the Separation Date (the “Welfare Plans”), the Employer shall pay that portion of the COBRA premium that it pays for other senior executive employees with the same coverage for the shorter of (i) twelve (12) months and (ii) the period that Employee is eligible for COBRA continuation coverage;

(d)    Pursuant to Sections 4(d)(iv) and 4(d)(vi) of the Employment Agreement, with respect to the stock option (the ”Option”) granted pursuant to that certain Stock Option Agreement by and between Employee and the Company, dated as of March 9, 2016 (the “Option Agreement”), granted under the Company’s 2011 Equity Plan (the “2011 Equity Plan”), notwithstanding anything to the contrary in the Option Agreement, (i) fifty percent (50%) of the Option shall automatically become vested and exercisable (to the extent not otherwise then exercisable) on the Separation Date, and (ii) the Option shall not expire until the 181st day following the Separation Date and if the Separation Date occurs within the 180-day period immediately prior to the consummation of a Change in Control, than any portion of the Option that has not otherwise theretofore become vested and exercisable shall automatically become vested and exercisable as of the date of the Change in Control (subject to the consummation of such Change in Control); and

(e)    Pursuant to Sections 4(d)(v) and 4(d)(vi) of the Employment Agreement, with respect to the restricted stock units (the “RSUs”) granted pursuant to that certain Restricted Stock Unit Award Agreement by and between Employee and the Company dated as of March 9, 2016, granted under the 2011 Equity Plan (the “RSU Agreement”), notwithstanding anything to the contrary in the RSU Agreement, (i) seventy five percent (75%) of the RSUs shall automatically become vested (to the extent not otherwise vested) on the Separation Date and shall be settled in accordance with their terms, and (ii) the RSUs not otherwise vested shall not be forfeited and remain outstanding until the 181st days following the Separation Date and (A) if the Separation Date occurs within the 180-day period immediately prior to the consummation of a Change in Control, then any portion of the RSUs that have not otherwise theretofore become vested shall automatically become vested as of the date of the consummation of the Change in Control (subject to the consummation of such Change in Control), and (B) if the Separation Date does not occur within the 180-day period immediately prior to the consummation of a Change in Control, then any portion of the RSUs that have not otherwise theretofore become vested shall be automatically forfeited by Employee for no consideration on the 181st day following the date of termination of Executive’s employment; 

provided, however, that the continuation of such salary and benefits, any right to acceleration of vesting and exercisability of the Option and any right to the acceleration of vesting of the RSUs shall cease on the occurrence of any circumstance or event that would constitute Cause under Section 8 of the Employment Agreement (including any material breach of the covenants contained in Section 5 or Section 6 of the Employment Agreement); provided, further, that Employee’s eligibility to participate in the Welfare Plans shall cease at such time as Employee is offered comparable coverage with a subsequent employer.

    
Without limiting Section 7, Employee acknowledges that any payments and benefits under Section 4 of the Employment Agreement (which the Parties acknowledge and agree are described in full in this Section 2) resulting from a termination of his employment with Employer are in lieu of any and all claims (including, without limitation, any claims for severance) that Employee may have against the Company, the Employer and their affiliates (other than (A) benefits under the Company’s employee benefit plans that by their terms survive termination of employment, (B) benefits under COBRA, (C) rights with respect to unreimbursed business expenses, if any, pursuant to Section 3(d) of the Employment Agreement, (D) rights to indemnification under certain indemnification arrangements for officers of the Company, and (E) rights with respect to indemnification and insurance pursuant to Section 24 of the Employment Agreement), and represent liquidated damages (and not a penalty). 

3.Other Vested Benefits.  
(a)    The Employer shall pay to Employee on the Separation Date any earned, unpaid wages through the Separation Date and unused, accrued paid time off days through the Separation Date.

(b)    Employee shall be entitled to any vested benefits he may have under the Employer’s 401(k) Plan that are applicable to him on the Separation Date.  Such benefits will be in accordance with and subject to the applicable terms and conditions of such plan.  

4.    Equity Compensation.  

(a)    Employee acknowledges and agrees, as the Separation Date (and after taking into account the accelerated vesting described in Section 2(d) and (e))), but without regard to any vesting in connection with any Change in Control following the Separation Date), Employee will hold (i) vested options to purchase 180,000 shares of common stock, par value $0.01 per share (the “Shares”), of the Company, pursuant to the Stock Option Agreement (the Stock Option Agreement and RSU Agreement are collectively referred to herein as the “Equity Agreements”); and 67,500 vested RSUs granted to Employee pursuant to the RSU Agreement (such equity, together with any Unvested Equity (as defined below) that vests prior to the 181st  day following the Separation Date, the “Vested Equity”); and (ii) (A) unvested options to purchase 180,000 Shares granted to Employee pursuant to the Stock Option Agreement; and (B) 22,500 unvested RSUs granted to Employee pursuant to the RSU Agreement (collectively, the “Unvested Equity”).  

(b)    The Parties acknowledge and agree that (i) following the Separation Date, the Unvested Equity shall be eligible to vest solely in the event of a Change in Control within the 180- day period immediately following the Separation Date and, absent a Change in Control during such period, the Unvested Equity shall not vest and shall expire or be forfeited automatically in accordance with its terms, and (ii) except as specifically set forth in this Agreement, upon Employee’s termination, the Vested Equity and the Unvested Equity shall be treated in accordance with the 2011 Equity Plan and all other applicable plans or agreements relating thereto.

5.     Pre-Existing Obligations and Agreements.  This Agreement contains the entire understanding between Employer and Employee and the Company regarding eligibility for and the payment of separation or severance benefits, and supersedes any and all prior representations and agreements regarding the subject matter of this Agreement.  However, this Agreement does not modify, amend or supersede written Employer or Company agreements that are consistent with enforceable provisions of this Agreement, including, but not limited to the 2011 Equity Plan, the Equity Agreements, the Management Stockholders 

Agreement dated April 6, 2011 between the Employee, the Company and certain other stockholders of the Company, and the Restrictive Covenants.

6.    Restrictive Covenants.  Employee acknowledges and agrees that he is party to the Employment Agreement and the Equity Agreements, which contain certain protective covenants and obligations of Employee (collectively, as modified by this Section 6, the “Restrictive Covenants”).  Employee hereby affirms the covenants and obligations set forth in the Employment Agreement and the Equity Agreements, and acknowledges and agrees to his continuing obligation to abide by such covenants and obligations.  Notwithstanding the foregoing or anything to the contrary in the Employment Agreement or the Equity Agreements, the Parties acknowledge and agree that, to the extent any non-competition restrictions and/or restrictions on the solicitation of customers, suppliers, licensees or customers set forth in the Employment and/or Equity Agreements apply to Employee for any period of time following the Separation Date (collectively, the “Post-Separation Restrictions”), such Post-Separation Restrictions shall be construed solely to prohibit Employee from using or disclosing confidential information or trade secrets of the Company or any of its affiliates to engage in any of the activities covered by such Post-Separation Restrictions at any time following the Separation Date (and the Employment Agreement and Equity Agreements shall be deemed amended to the extent necessary to reflect this sentence).  The Employer’s obligation to make or provide the Separation Benefits as provided in this Agreement shall cease if Employee violates any of the covenants and obligations set forth in the Employment Agreement or any of the Equity Agreements.  

(a)    Enforcement of Restrictive Covenants.  Without limiting the Company’s rights under the Employment Agreement and the Equity Agreements:
i.Rights and Remedies Upon Breach.  In the event Employee breaches, or threatens to commit a breach of, any of the provisions of the Restrictive Covenants in the Employer’s and Company’s sole discretion, the Employer and the Company shall have the following rights and remedies, which shall be independent of any others and severally enforceable, and shall be in addition to, and not in lieu of, any other rights and remedies available to  the Employer and the Company at law or in equity:

(A)    the right and remedy to enjoin, preliminarily and permanently, and without the necessity of proving actual damage or posting any bond, Employee from violating or threatening to violate the Restrictive Covenants and to have the Restrictive Covenants specifically enforced by any court of competent jurisdiction, it being agreed that any breach or threatened breach of the Restrictive Covenants would cause irreparable injury to the Employer and the Company and that money damages would not provide an adequate remedy to the Employer or the Company; and

(B)    the right and remedy to require Employee to account for and pay over to the Employer and/or the Company all compensation, profits, monies, accruals, increments or other benefits derived or received by Employee as the result of any transactions constituting a breach of the Restrictive Covenants; and

(C)    the right and remedy to require Employee to pay the reasonable attorneys’ fees incurred by the Employer and/or the Company in enforcing the Restrictive Covenants.

ii.    Severability.  The Parties acknowledge and agree that the Restrictive Covenants shall be considered and construed as separate and independent covenants.  Should any part or provision of any Restrictive Covenant be held invalid, void or unenforceable in any court of competent jurisdiction, such invalidity, voidness or unenforceability shall not render invalid, void or unenforceable any other Restrictive Covenant or any other part or provision of this Agreement.  

ii.     Reformation.  If any portion of any Restrictive Covenant is found to be invalid or unenforceable by a court of competent jurisdiction for any reason, the invalid or unreasonable term shall be redefined, or a new enforceable term provided, such that the intent of the Employer, the Company and Employee in agreeing to the provisions of this Agreement will not be impaired and the provision in question shall be enforceable to the fullest extent of the applicable laws.

(b)    Exceptions.  Notwithstanding anything herein or in the Employment Agreement or Equity Agreements, Employee understands that (i) nothing herein is intended to or will prohibit Employee from filing a charge with, reporting possible violations of law or regulation to, participating in any investigation by, cooperating with, or communicating directly with, or providing information in confidence to, any governmental entity or making other disclosures that are protected under the whistleblower provisions of applicable law or regulation; and (ii) pursuant to 18 U.S.C. Section 1833(b), (A) Employee will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made: (x) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law; or (y) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal and (B) if Employee files a lawsuit for retaliation by the Company or any of its affiliates for reporting a suspected violation of law, he may disclose trade secrets to his attorney and use trade secret information in the court proceeding, if Employee (x) files any document containing trade secrets under seal and (y) does not disclose trade secrets, except pursuant to court order.

7.    Release/Disputes.

(a)  In accordance with Sections 4(g) and 25(c) of the Employment Agreement, the provision of payment or benefit set forth in Section 2 are conditioned on Employee’s execution and non-revocation of a waiver and release of claims in the form attached hereto as Exhibit A (the “Release”), and the Release must be executed, and all revocation periods must have expired, within sixty (60) days after the Separation Date.  No severance payments or benefits described in Section 2 shall be paid or provided prior to the Effective Date (as defined below) and, to the extent that, as of the sixtieth (60th) day following the Separation Date, Employee has (i) not executed the Release, (ii) revoked the Release, or (iii) the revocation period for the Release has not expired, no severance payment or benefit will be paid or provided to Employee pursuant to this Agreement.  Any payments or benefits that would have been paid prior to the Effective Date but for this Section 7(a) shall be paid or provided by the Company prior to the sixtieth (60th) day following the Separation Date.

(b)    As of the date hereof, Employee represents and warrants that there are no pending or, to his knowledge, threatened claims, disputes, charges, litigation or similar actions initiated by, or otherwise related to his employment or otherwise relating to Employee and any employees or other service providers, suppliers or vendors of the Company or any of its affiliates.

8.     Termination and Recovery of Benefits and Remedies for Breach.  

(a)    ADEA.  In the event that Employee brings and prevails in an action against the Employer based on an ADEA claim released in the Release contemplated by Section 7, the Employer will be entitled to offset any recovery by the amounts paid under this Agreement or the amount recovered by Employee, whichever is less.  In the event that the Employer prevails in such an action, the Employer will be entitled to all remedies authorized by applicable law.

(b)    All Other Claims.  In the event that Employee brings an action against the Employer based on any other claim released in the Release contemplated by Section 7,  the Employer may, at its option, and as applicable (i) stop making payments or providing benefits that would otherwise have been due under this Agreement; (ii) demand the return of any payments or benefits that have been made or provided under this Agreement; (iii) plead this Agreement in bar to any such action; (iv) seek any and all remedies available, including but not limited to injunctive relief and monetary damages, costs and reasonable attorneys’ fees.

(c)    Breach by the Employer.  In the event that the Employer breaches this Agreement, Employee will be entitled to bring an action for breach of this Agreement but not for any claims released in the Release contemplated by Section 7.  In the event that Employee prevails in such an action, Employee will be entitled to recover (as appropriate and applicable) monetary damages, injunctive relief, costs and reasonable attorneys’ fees.        

9.    Notices.  Any notice provided for in this Agreement must be in writing and must be either personally delivered, mailed by first class mail (postage prepaid and return receipt requested) or sent by reputable overnight courier service (charges prepaid) to the recipient at the address below indicated:

	
		
	If to the Employer:
	Syniverse Technologies, LLC
8125 Highwoods Palm Way
Tampa, FL 33647
Attention: Laura Binion

	If to the Company:
	Syniverse Corporation
8125 Highwoods Palm Way
Tampa, FL 33647
Attention: Laura Binion

	If to Employee:
	David H. Ratner
854 Carmel Avenue
Los Altos, CA  94022

or such other address or to the attention of such other person as the recipient Party shall have specified by prior written notice to the sending Party.  Any notice under this Agreement will be deemed to have been given when so delivered or sent or, if mailed, five days after deposit in the U.S. mail.

10.    General Provisions.

(a)Severability.  Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein.
(b)Complete Agreement.  This Agreement embodies the complete agreement and understanding among the Parties with respect to the subject matter hereof. The Parties hereby acknowledge and agree that there have been no offers or inducements which have led to the execution of this Agreement other than as stated herein.  Because this Agreement is the product of negotiations between the Parties, no 

Party may be considered the drafter of the Agreement and no ambiguity in any provision shall be construed against any Party on account of that Party being considered the drafter of that provision or of the Agreement.  
(c)Counterparts.  This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement.
(d)Successors and Assigns.  Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by Employee, the Employer, the Company and their respective successors and assigns provided that the rights and obligations of Employee under this Agreement shall not be assignable.
(e)Choice of Law; Forum.  All questions concerning the construction, validity and interpretation of this Agreement and the exhibits hereto will be governed by and construed in accordance with the internal laws of the State of California, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of California or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of California.  The Parties further agree that the sole and exclusive forum for litigating any disputes arising under the terms of this Agreement will be a court of competent jurisdiction in the State of California.
(f)Remedies.  Each of the Parties to this Agreement will be entitled to enforce its rights under this Agreement specifically, to recover damages and costs (including attorneys’ fees) caused by any breach of any provision of this Agreement and to exercise all other rights existing in its favor.  The Parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that any Party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or deposit) for specific performance and/or other injunctive relief in order to enforce or prevent any violations of the provisions of this Agreement.
(g)Amendment and Waiver.  The provisions of this Agreement may be amended and waived only with the prior written consent of the Employer, the Company and Employee.
(h)Business Days.  If any time period for giving notice or taking action hereunder expires on a day which is a Saturday, Sunday or holiday in the state in which the Employer's chief executive office is located, the time period shall be automatically extended to the business day immediately following such Saturday, Sunday or holiday.
(i)Cooperation.  Employee agrees to cooperate with and assist the Employer and the Company by providing information relevant to matters as to which Employee gained knowledge while employed, including, without limitation, all matters involving litigation, and that, upon request and reasonable notice from the Employer and/or the Company, Employee will voluntarily, and without additional payment or requiring a subpoena or other process, meet with the Employer’s and/or the Company’s attorneys and other representatives, appear at hearings, depositions, trials, and other proceedings relating to such matters, and provide truthful written statements and testimony relating to such matters.  The Employer and/or the Company shall reimburse Employee for all reasonable and necessary out-of-pocket expenses necessitated by Employee’s cooperation under this Section 10(i).  If Employee is entitled to be reimbursed for any taxable expenses under this Section 10(i), and such payments or reimbursements are includible in Employee’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31st of the year after the year in which the expense was incurred.  Employee’s rights to payment or reimbursement of expenses pursuant to this Section 10(i) shall expire at the end of five 

(5) years after the Separation Date.  No right of Employee to reimbursement of expenses under this Section 10(i) shall be subject to liquidation or exchange for another benefit.
(j)Effective Date and Revocation.  Employee shall have twenty-one (21) days to consider the Release prior to signing it.  This Agreement will be enforceable and effective on the eighth (8th) day after Employee signs the Release and returns it to the Employer and the Company (the “Effective Date”); provided that, upon delivery of a timely notice of revocation of the Release, this Agreement will be null and void, and neither the Employer, the Company nor Employee will have rights or obligations under it.  

The Release may not be revoked on or after the Effective Date.  Employee agrees that, with the exception of an action to challenge Employee’s waiver of claims under the ADEA, should Employee ever attempt to revoke, rescind, void, or challenge this Agreement or the Release or if Employee ever attempts to make, assert, or prosecute any Claims included in the Release, Employee will as a condition precedent, (i) return any and all payments made to him under Section 2 of this Agreement, plus interest at the highest legal rate, and (ii) forfeit all shares and options received in connection with the vesting under Section 4 of this Agreement (and the proceeds from any sale of such shares (or the shares received upon exercise of options), plus interest at the highest legal rate).  Furthermore, with the exception of an action to challenge Employee’s waiver of claims under the ADEA, if Employee does not prevail in an action to challenge this Agreement or the Release, to obtain an order declaring this Agreement to be null and void, or in any action against the Employer, the Company or any other Releasee (as defined in the Release) based upon a Claim which is covered by the Release, Employee shall pay to the Employer, the Company and/or the appropriate Releasee all their costs and attorneys’ fees incurred in their defense of Employee’s action.  Nothing in this Agreement shall limit the Employer’s or the Company’s right to seek and obtain other remedies for breach of this Agreement or the Release.

(k)    Section 409A.  This Agreement and the Employment Agreement shall be interpreted and administered in a manner consistent with Section 25 of the Employment Agreement and, in all cases, so that any amount or benefit payable hereunder (or thereunder) shall be paid or provided in a manner that is either exempt from or compliant with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and applicable Internal Revenue Service guidance and Treasury Regulations issued thereunder (and any applicable transition relief under Section 409A of the Code) (“Section 409A”).  Nevertheless, the tax treatment of the amounts or benefits provided under the Agreement is not warranted or guaranteed.  Each installment payment under Section 2 of this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A-2(b)(2) for purposes of Section 409A.  No Releasee nor its directors, officers, employees or advisers shall be held liable for any taxes, interest, penalties or other monetary amounts owed by Employee or any person or entity as a result of the application of Section 409A.      

11.    Acknowledgement.

THE EMPLOYER AND THE COMPANY HEREBY ADVISE EMPLOYEE TO CONSULT WITH AN ATTORNEY OR OTHER ADVISOR PRIOR TO EXECUTING THIS AGREEMENT.  EMPLOYEE EXPRESSLY ACKNOWLEDGES AND AGREES THAT EMPLOYEE HAS READ THIS AGREEMENT CAREFULLY, THAT EMPLOYEE HAS HAD AMPLE OPPORTUNITY TO CONSULT WITH AN ATTORNEY, THAT EMPLOYEE FULLY UNDERSTANDS THAT THE AGREEMENT IS FINAL AND BINDING, AND THAT EMPLOYEE HAS EXECUTED THE AGREEMENT KNOWINGLY AND VOLUNTARILY AND WITHOUT COERCION, UNDUE INFLUENCE, THREAT, OR INTIMIDATION OF ANY KIND WHATSOEVER.  EMPLOYEE FURTHER ACKNOWLEDGES THAT THIS AGREEMENT AND THE RELEASE CONTAIN A RELEASE OF POTENTIALLY VALUABLE CLAIMS, AND THAT THE ONLY PROMISES OR 

REPRESENTATIONS EMPLOYEE HAS RELIED UPON IN SIGNING THIS AGREEMENT ARE THOSE SPECIFICALLY CONTAINED IN THE AGREEMENT ITSELF.  
 
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

SYNIVERSE TECHNOLOGIES, LLC

By:                    

Name:                    

Title:                    

SYNIVERSE CORPORATION

By:                    

Name:                    

Title:                    

DAVID H. RATNER

By:                    
       
Date:                    

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EXHIBIT A

WAIVER AND RELEASE OF CLAIMS AGREEMENT
In exchange for the payments and benefits described in that certain Separation Agreement (the “Separation Agreement”), entered into between myself, Syniverse Technologies, LLC, a Delaware limited liability company, and Syniverse Corporation, a Delaware corporation (together with any Subsidiaries and Affiliates as may employ me from time to time, and any successor(s) thereto, the “Company”), dated May     , 2017, I freely and voluntarily agree to enter into and be bound by this Waiver and Release of Claims Agreement (the “Release”):
1.    I acknowledge that the Company delivered this Release to me on ___________, 2017.
2.    I acknowledge that, but for my execution of this Release, I would not be entitled to receive the payments and benefits set forth in Section 2 of the Separation Agreement.
3.    I, and anyone claiming through me (including without limitation my heirs, and agents, representatives and assigns), hereby irrevocably waive and forever release and discharge the Company, its parents, subsidiaries, affiliates, officers, directors, employees, agents, predecessors, successors and assigns (including, without limitation, Carlyle Partners V, L.P., Carlyle Partners V-A, L.P., CP V Coinvestment A, L.P., CP V Coinvestment B, L.P., Syniverse Coinvestment L.P., and their respective affiliates) (the “Releasees”), from any and all liabilities of any nature whatsoever, known and unknown, fixed or contingent, arising out of, based on, or related to my employment by the Company or any other Releasee, the termination of such employment, and any dealings, transactions or events involving the Releasees occurring prior to or on the date I sign this Release, including but not limited to claims under the Civil Rights Act of 1866; the Civil Rights Act of 1871; the Civil Rights Act of 1964, as amended; the Age Discrimination in Employment Act of 1967 (the “ADEA”); the Older Workers Benefit Protection Act of 1990; the Americans with Disabilities Act of 1990; the Employment Retirement Income Security Act of 1974; the Rehabilitation Act of 1973; the Family and Medical Leave Act; the Worker Adjustment and Retraining Notification Act; the California Fair Employment and Housing Act; the California Equal Pay Law; the Moore-Brown-Roberti Family Rights Act of 1991, the California Labor Code, the California WARN Act; the California False Claims Act; the California Corporate Criminal Liability Act; and any other federal, state or local law, rule or regulation, or common law claim.  This includes, but is not limited to, all wrongful termination and “constructive discharge” claims, all discrimination claims, all claims relating to any contracts of employment, whether express or implied, any covenant of good faith and fair dealing, whether express or implied, and any tort of any nature.  This release is for any relief, no matter how denominated, including but not limited to wages, back pay, front pay, benefits, compensatory damages, liquidated damages, punitive damages or attorney’s fees.  I also agree not to commence or cooperate in the prosecution or investigation of any lawsuit, administrative action or other claim or complaint against the Releasees, except as required by law.  This Release does not include any claims for breach by the Company of its obligations under Section 4 of the Separation Agreement.
4.    I acknowledge that I have been advised by legal counsel and am familiar with the provisions of California Civil Code Section 1542, which provides as follows: 
“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR”

I, being aware of said Code section, hereby expressly waive any rights I may have thereunder, as well as under any other statutes or common law principles of similar effect.  
5.     By this Release, I not only release and discharge the Releasees from any and all claims as stated above, but also those claims that might be made by any other person or organization on my behalf and I specifically waive any right to recover any damage awards as a member of any class in a case in which any claims against the Releasees are made involving any matters arising out of my employment by or termination of employment with the Company, or any of my dealings, transactions or events involving the Releasees occurring prior to or on the date I sign this Release.
6.    I understand and agree that this Release will be binding on me and my heirs, administrators and assigns.  I acknowledge that I have not assigned any claims or filed or initiated any legal proceedings against any of the Releasees.  
7.    I UNDERSTAND THAT I HAVE TWENTY-ONE (21) DAYS (THE “CONSIDERATION PERIOD”) TO CONSIDER WHETHER OR NOT TO SIGN THIS RELEASE.  I ACKNOWLEDGE AND AGREE THAT THE CONSIDERATION PERIOD WILL NOT BE AFFECTED OR EXTENDED BY ANY CHANGES, WHETHER OR NOT MATERIAL, THAT MIGHT BE MADE TO THIS RELEASE.  THE COMPANY HEREBY ADVISES ME OF MY RIGHT TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THE RELEASE AND I ACKNOWLEDGE THAT I HAVE HAD AN OPPORTUNITY TO CONSULT WITH AN ATTORNEY AND HAVE EITHER HELD SUCH CONSULTATION OR HAVE DETERMINED NOT TO CONSULT WITH AN ATTORNEY.
8.    I UNDERSTAND THAT I MAY REVOKE MY ACCEPTANCE OF THIS RELEASE BY DELIVERING WRITTEN NOTICE OF MY REVOCATION TO THE GENERAL COUNSEL OF THE COMPANY WITHIN THE SEVEN (7) DAY PERIOD BEGINNING ON THE DAY FOLLOWING THE DAY I SIGN THE RELEASE (THE “REVOCATION PERIOD”).  IF I DO NOT REVOKE MY ACCEPTANCE OF THIS RELEASE WITHIN THE REVOCATION PERIOD, IT WILL BE LEGALLY BINDING AND ENFORCEABLE ON THE DAY IMMEDIATELY FOLLOWING THE LAST DAY OF THE REVOCATION PERIOD.
9.      I acknowledge and agree that if any provision of this Release is found, held or deemed by a court of competent jurisdiction to be void, unlawful or unenforceable under any applicable statute or controlling law, the remainder of this Release shall continue in full force and effect.
10.     This Release is deemed made and entered into in the State of California, and in all respects shall be interpreted, enforced and governed under the internal laws of the State of California, to the extent not preempted by federal law.
I acknowledge and agree that this Release is a legally binding document and my signature will commit me to its terms.  I acknowledge and agree that I have carefully read and fully understand all of the provisions of this Release and that I voluntarily enter into this Release by signing below. Upon execution, I agree to deliver a signed copy of this Release to the General Counsel of the Company.

__________________________________
David H. Ratner
Date:  _______________________________EX-10.1

 Exhibit 10.1 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of the 8th day of August, 2017 (the
“Effective Date”) between BJ’S RESTAURANTS, INC., a California corporation (the “Company”) and GREGORY TROJAN (the “Executive”). This Agreement amends, replaces and supersedes the Employment Agreement, dated as of
October 28, 2012, between the Company and Executive (the “Original Employment Agreement”). 
 1. Term. Subject to the
termination provisions of Section 7 below, the term of this Agreement (“Term”) shall commence on the Effective Date and end on December 31, 2020 (“Termination Date”). This Agreement shall automatically be extended for
additional one year terms beyond the Termination Date (the “Extended Termination Date”) or the then current Extended Termination Date unless at least six months prior to the Termination Date or the then current Extended Termination Date,
Executive or the Company shall have given written notice that he or it does not wish to extend the Agreement. Notwithstanding anything to the contrary contained in this Agreement, notice of the Company’s intention not to extend the Agreement
shall not be deemed to be a termination of Executive without Cause. 
 2. Employment. During the Term (and any extension thereof),
Executive shall be employed as and hold the title of Chief Executive Officer (“CEO”) and will also serve as President, unless and until the Board of Directors of the Company (the “Board”) elects to appoint a different President
who reports solely to the CEO, other than reports to the Board at its meetings in the ordinary course. Executive, for so long as he serves as President, will have the full range of executive duties and responsibilities that are customary for public
company President positions and, in his capacity as CEO, will have the full range of executive duties and responsibilities that are customary for public company CEO positions. Executive shall have such other powers and duties as may be from time to
time reasonably assigned to him by the Board. Executive will also serve, at the request of the Board and for no additional compensation, as a director and/or officer of one or more of the Company’s subsidiaries. Executive shall devote
substantially all of his time, attention and energies to the business and affairs of the Company. Subject at all times to any fiduciary duties of the Board to the Company and its shareholders, the Company and the Board shall take all reasonable
action within their control to cause Executive (i) to be nominated for election to the Board at each annual meeting of Shareholders and, if elected, (ii) to remain on the Board during the Term. 

3. Salary. The Company shall pay Executive salary at an annual rate of $850,000.00 less applicable deductions (the “Base
Salary”) in accordance with the Company’s normal payroll practices. Such Base Salary will be reviewed by the Compensation Committee of the Board at least annually but may not be decreased without consent of Executive. 

4. Annual Bonus Opportunity. Executive shall be eligible for an annual cash bonus (“Bonus”) opportunity for each fiscal year
of the Term which shall be targeted at no less than 80% of the Base Salary. The actual amount of any annual Bonus shall be determined by the Board of Directors based upon performance criteria that will be established by the Compensation Committee of
the Board of Directors after consultation with Executive each year. The Bonus, if any, shall be paid in full as soon as the relevant information is reasonably available but in no event later than 74 days following the end of the Company’s
fiscal year in which earned. 
 5. Equity Incentive Plan Participation. 

(a) Executive shall be eligible to participate in and receive grants of equity awards (“Awards”) under the Company’s 2005 Equity
Incentive Plan (as it may be amended from time) or any successor equity incentive plan maintained by the Company for the benefit of its employees or officers (collectively, the “Plan”). Except as otherwise specifically provided in this
Section 5, any Awards granted under the Plan shall be in such form and in such amounts and on such terms as may be approved by the Board and/or the Compensation Committee of the Board. 

 (b) Stock options to purchase shares of Company common stock (“Options”) and restricted
stock units representing a right to receive shares of Company common stock or the value of such shares in cash on the vesting date (“RSUs”) shall be evidenced by the Company’s standard forms of award agreements (related Notice of
Grant and Grant Summary) consistent with the provisions of this Agreement and the Plan (each, an “Award Agreement” and collectively, the “Award Agreements”). Options shall be exercisable by Executive at any time after vesting and
shall have an outside expiration date that is on the tenth yearly anniversary of the grant date. The Award Agreement for the Options shall permit the purchase price for any shares of Company common stock subject to the Options to be paid by any
means permitted under the Plan, as well as on a “net exercise” basis in accordance with the Company’s current net exercise program for optionholders. 

(c) Notwithstanding anything to the contrary contained in any agreement evidencing any Award (including any outstanding Awards granted to
Executive prior to the date of this Agreement), but subject in all events to the provisions of Section 9 hereof, in the event Executive is terminated by the Company without Cause, resigns for Good Reason, dies or suffers a Disability during the
Term, Executive (or his estate or designated representative) shall have twelve (12) months to exercise any stock option Awards (“Options”) to the extent such stock Options vested on or before the date of such termination, death or
Disability (but not beyond the outside expiration date of such Options), after which time the Options shall expire. If Executive is terminated by the Company for Cause, the Options shall expire on the date of such termination. Notwithstanding
anything to the contrary contained in this Section 5(c): (1) in the event of any Change of Control (as defined in the Plan) that results in acceleration of vesting of Options under the Plan, the provisions of this Section 5(c) shall
not apply and the period for exercise of the Options shall be as specified in the Plan and (2) no Option may be exercised beyond any time-frame permissible under Code Section 409A. 

6. Benefits. 
 (a)
Executive shall be entitled to paid vacation and business expense reimbursement in accordance with the Company’s policies. Executive shall also be entitled to participate with other similarly situated executive officers of the Company based on
position, tenure and salary in any plan of the Company relating to health insurance, stock purchases, pension, thrift, profit sharing, life insurance, disability insurance, education, or other retirement or executive benefits that the Company has
adopted or may hereafter adopt for the benefit of its executive officers. 
 (b) Executive shall be entitled to a car allowance of $1,800 per
month; provided, however, that the Company may, with the Executive’s consent, substitute a company-provided leased vehicle in lieu of the car allowance so long as the Company expense associated with such lease vehicle (lease payments, license,
taxes and insurance) does not exceed $1,800 per month. 
 (c) Executive shall be reimbursed for his reasonable legal fees incurred in
connection with negotiating and drafting this agreement up to a maximum of $30,000. 
 (d) The Company shall pay all unreimbursed
out-of-pocket costs associated with an annual physical examination of Executive, such amount not to exceed $3,000 per year. 
 (e) Subject to
insurability, plan limits, and underwriting standards under the Company’s group life insurance plan as in effect from time to time (the “Group Life Plan”), during the Term (for so long as the Group Life Plan is in effect and coverage
of Executive under the Group Life Plan is available at reasonable rates), the Company will provide life insurance coverage for Executive under the Group Life Plan in an amount equal to the maximum coverage amount thereunder (currently, $750,000),
and will reimburse Executive for the purchase of life insurance (in addition to any coverage 

  
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provided to Executive under the Group Life Plan) so that Executive’s total Company-provided life insurance equals $2,000,000 in coverage. The reimbursement shall be in an amount sufficient
to cover the premium paid by Executive for such insurance coverage after any employment and income taxes due by Executive on the reimbursement amount have been paid (the “Life Insurance Gross Up”), provided that the Life Insurance Gross Up
shall not exceed $15,000 annually. Nothing in this Section 6(e) shall require the Company to continue to maintain a Group Life Plan or to modify or refrain from modifying the benefits available under the Group Life Plan. 

7. Termination; Severance. 

(a) Executive’s employment may be terminated by the Company at any time with or without Cause by delivery of written notice of termination
to Executive. Upon any termination of Executive’s employment for any reason, Executive shall automatically be deemed to have resigned all positions as an officer of the Company and any subsidiary of the Company. Unless otherwise requested by
the Board, Executive shall be deemed to have resigned from his position as a director of the Company and any subsidiaries upon termination of his employment for any reason. 

(b) Subject to the provisions of Sections 7(c), (d) and (e) below, in the event the Company terminates Executive without Cause (for
reasons other than his death, but including termination as a result of his Disability) or Executive resigns for Good Reason, in addition to any accrued but unpaid compensation due to him under applicable law, any earned but unpaid Bonus (the timing
of which shall be governed by Section 4 hereof) and performance-based equity for the fiscal year ending immediately before the year of termination of employment, and any Other Benefits (as defined below), Executive shall be entitled to receive
the following: (i) continuation of health insurance (or reimbursement of Executive for the costs of such continuation) under COBRA for a period equal to the lesser of eighteen (18) months following termination of employment or the maximum
continuation coverage period allowed under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”); provided, however, that the Company’s obligation to pay the costs of continuation health insurance coverage shall terminate at
such time as Executive is covered under any other group health insurance plan; plus (ii) an aggregate cash payment totaling 150% of Executive’s then current Base Salary, which amount shall be payable in installments (but no less frequently
than monthly) over the eighteen (18) month period following the date of termination of employment in accordance with the Company’s normal payroll practices (the “Periodic Payments”); plus (iii) a lump sum cash payment (the
“Lump Sum Payment”) equal to (A) the lesser of the prior fiscal year Bonus paid or payable to Executive or 100% of the target Bonus for the fiscal year of termination, multiplied by (B) a fraction equal to the number of days
elapsed in such fiscal year divided by 365; provided, however, that, with respect to a termination that occurs in fiscal 2018, the lump sum payment in (iii) above shall be no less than (x) 50% of the target Bonus for fiscal 2018,
multiplied by (y) a fraction equal to the number of days elapsed in such fiscal year divided by 365; plus (iv) immediate vesting of any equity to the extent such equity would have become vested had Executive remained in continuous service
with the Company for 90 days after the termination of his employment occurred. Payment of the Periodic Payments shall commence, and the Lump Sum Payment shall be paid sixty (60) days following the date of Executive’s Separation from
Service (as defined in Section 9 below). The Periodic Payments and Lump Sum Payment shall be conditioned expressly upon Executive executing the Company’s standard form of general release of the Company and its affiliates, which release
shall be provided to Executive no later than the date of his Separation from Service and which release shall be legally effective on or prior to the 60th day subsequent to Executive’s
Separation from Service. Notwithstanding anything to the contrary contained in this Agreement, (i) the total Periodic Payments and Lump Sum Payment shall be reduced by the amount of any payments Executive is entitled to receive under any
Company-provided disability policy, to the extent permissible under Code Section 409A, and (ii) in addition to any rights and remedies available to it under this Agreement or applicable law, the Company shall have the right to immediately
terminate payments due under clauses (i) through (iii) of this Section 7(b) in the event of Executive’s breach of his obligations under Section 8 of this Agreement. 

  
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 (c) In lieu of any payments due pursuant to Section 7(b) above, in the event the Company
terminates Executive without Cause (for reasons other than his death or Disability) or Executive resigns for Good Reason within the period ninety (90) days prior to, or twelve (12) months following, a Change of Control (as defined in the
Plan), and in addition to any accrued but unpaid compensation due to him under applicable law, any earned but unpaid Bonus (the timing of which shall be governed by Section 4 hereof) and performance-based equity for the fiscal year ending
immediately before the year of termination of employment, and any Other Benefits (as defined below), Executive shall be entitled to receive the following: (i) reimbursement to Executive of the costs of continuation of health insurance coverage
under COBRA for a period equal to the lesser of eighteen (18) months following termination of employment or the maximum continuation coverage period allowed under COBRA; plus (ii) a lump sum cash payment, payable within 60 days of
Executive’s Separation from Service (as defined in Section 9 below), equal to 200% of Executive’s then current Base Salary plus the lesser of (A) the prior fiscal year Bonus paid or payable to Executive or (B) 100% of the
target Bonus for the fiscal year of termination, plus (iii) to the extent vesting is not automatically accelerated under the terms of the Plan, immediate 100% vesting of any equity, including vesting of any performance-based equity as if 100%
of the target performance goals for the fiscal year of termination of employment had been achieved (provided that no such vested option, if any, may be exercised beyond any time-frame permissible under Code Section 409A). The payments set forth
in this Section 7(c) shall be conditioned expressly upon Executive executing the Company’s standard form of general release of the Company and its affiliates, which release shall be provided to Executive no later than the date of his
Separation from Service and which release shall be legally effective on or prior to the 60th day subsequent to Executive’s Separation from Service. 

(d) In the event Executive resigns or voluntarily terminates his employment for any reason (other than for Good Reason) or Executive’s
employment is terminated for Cause or as a result of his death, the Company shall only be required to pay Executive (i) any unpaid Base Salary and accrued vacation pay earned prior to the date of Executive’s termination, (ii) any
unpaid reimbursements due Executive for expenses incurred by Executive prior to the date of Executive’s termination, (iii) any accrued but unpaid car allowance accrued prior to the date of Executive’s termination, and (iv) any
benefits that are required, or to which Executive is entitled, under any plan, contract or arrangement maintained by the Company as of the end of his employment, in each case on the date on which such payment or benefit would otherwise have been
payable to Executive under the Company’s payroll practices or the terms of the applicable contract or plan (or, in the case of accrued vacation day, on the 60th day following the date of
Executive’s Separation from Service); provided, however, nothing in this clause (iv) shall require the continuation of such benefits following termination unless such continuation is required under applicable law or the specific terms of
the plan, contract or arrangement (together, the “Other Benefits”). 
 (e) For purposes of this Agreement, “Cause” shall
mean (i) an act or acts of dishonesty undertaken by Executive and intended to result in material personal gain or enrichment of Executive or others at the expense of the Company, (ii) gross misconduct that is willful or deliberate on
Executive’s part and that, in either event, is materially injurious to the Company, (iii) the conviction or plea of nolo contendere of Executive of a felony, (iv) the commission by Executive of any act involving moral turpitude which
(A) brings the Company or any of its affiliates into public disrepute or disgrace, or (B) causes material injury to the customer relations, operations or the business prospects of the Company or its affiliates, in each case notwithstanding
written notice of objection from the Board and the expiration of a 30-day cure period, (v) the ongoing and repeated material neglect of his duties on a general basis (other than as a result of illness or Disability), notwithstanding written
notice of objection from the Board and the expiration of a 30 day cure period, or (vi) the material breach of any terms and conditions of this Agreement by Executive, which breach has not been cured by Executive within 30 days after written
notice thereof to Executive from the Company. The cessation of employment by Executive shall not be deemed to be for Cause unless and until there shall have been delivered to Executive a copy of a resolution, duly adopted by the affirmative vote of
not less than a majority of the entire non-employee membership of the Board (for the sake of clarity, not including Executive) at a meeting of the Board 

  
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called and held for such purpose (after reasonable notice to Executive and an opportunity for him, together with his counsel, to be heard before the Board), finding that, in the good faith
opinion of the Board, one or more causes for termination exist under this Section 7(e), and specifying the particulars thereof in detail. 

(f) For purposes of this Agreement, “Good Reason” shall mean: 

(i) any removal of Executive as CEO, or any failure by the Company to nominate or seek re-election of Executive to the Board of Directors,
except in connection with termination of Executive’s employment for death, Cause or his voluntary resignation; 
 (ii) any involuntary
material reduction in Executive’s then-current Base Salary or any involuntary material reduction in Executive’s comprehensive benefit package (other than changes, if any, required by group insurance carriers applicable to all persons
covered under such plans or changes required under applicable law); 
 (iii) the assignment to Executive of duties that represent or
constitute a material adverse change in Executive’s position, duties, responsibilities and status with the Company; 
 (iv) an
involuntary material adverse change in Executive’s authorities or reporting responsibilities; except in connection with the termination of Executive’s employment for Cause, upon the death of Executive, or upon the voluntary resignation by
Executive; 
 (v) a relocation of the Company’s principal executive offices to a location that is more than 60 miles from the location
of Executive’s primary residence as of the date of this Agreement (La Cañada Flintridge, California) that was not recommended by the Executive to the Board; or 

(vi) the material breach of any terms and conditions of this Agreement by the Company, including without limitation Section 13; 

provided, however, that a termination shall not be considered for Good Reason unless Executive has given notice to the Company of the event constituting Good
Reason within ninety (90) days of the initial occurrence thereof, such event has not been cured by the Company within thirty (30) days after written notice thereof to the Company from Executive, and Executive resigns no later than
180 days after the initial occurrence of such event. Notwithstanding anything to the contrary contained in this Agreement, notice of the Company’s intention not to extend the Agreement shall not be deemed to be Good Reason and appointment
of a person other than Executive as President shall not be deemed to be Good Reason if such President reports solely to Executive, other than reports to the Board at its meetings in the ordinary course. 

(g) Notwithstanding any other provision hereof, any amounts payable to Executive under this Section 7 during the first six months and one
day following the date of Executive’s Separation from Service pursuant to this Section 7 that constitute nonqualified deferred compensation within the meaning of Section 409A of the Code, shall be deferred until the date six months
and one day following such Separation from Service (or if earlier, the date of Executive’s death) to the extent necessary to avoid adverse tax consequences under Section 409A, and if such payments are required to be so deferred, the first
payment shall be in an amount equal to the total amount to which Executive would otherwise have been entitled to during the period following the date of Separation from Service if the deferral had not been required. Subsequent payments shall be made
in accordance with the dates and terms set forth herein. 
 (h) For purposes of this Agreement, “Disability” shall mean
Executive’s incapacity due to physical or mental illness which has resulted in him being absent from the full time performance of substantially all of his material duties with the Company for 90 consecutive days or 180 days total within
any 12-month period, as determined in good faith by the Board. 

  
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 8. Covenants. 

(a) Confidential Information. During the term of this Agreement and thereafter, Executive shall not, except as may be required to
perform his duties hereunder or as required by applicable law or court order, disclose to others for use, whether directly or indirectly, any Confidential Information regarding the Company. “Confidential Information” shall mean information
about the Company, its subsidiaries and affiliates, and their respective clients and customers that is not available to the general public or that does not otherwise become available to the general public, and that was learned by Executive in the
course of his employment by the Company, including, without limitation, any data, formulae, recipes, methods, information, proprietary knowledge, trade secrets and client and customer lists and all papers, resumes, records and other documents
containing such Confidential Information. Executive acknowledges that such Confidential Information is specialized, unique in nature and of great value to the Company, and that such information gives the Company a competitive advantage. Upon the
termination of his employment, Executive will promptly deliver to the Company all documents, maintained in any format, including electronic or print, (and all copies thereof) in his possession containing any Confidential Information. 

(b) Noncompetition. Except as otherwise provided herein, Executive agrees that during the term of this Agreement and, to the extent
applicable, the period during which he is receiving Periodic Payments under Section 7(b), he will not, directly or indirectly, without the prior written consent of the Company, provide consulting services with or without pay, or own, manage,
operate, join, control, participate in, or be connected as a stockholder, partner, or otherwise with any business, individual, partner, firm, corporation, or other entity which is then in competition with the Company or any present affiliate of the
Company in the industry of owning or operating full-menu table service casual dining restaurants; provided, however, that the “beneficial ownership” by Executive, either individually or as a member of a “group,” as such terms are
used in Rule 13d under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) of not more than 5% of the voting stock of any corporation shall not be a violation of this Agreement. Notwithstanding the foregoing, Executive
shall be permitted to maintain his directorship with Domino’s Pizza, Inc., and Executive shall be permitted to maintain any other ownership interests and directorship approved by the Company’s Board prior to or after the Effective Date so
long as they do not interfere with the performance of his duties and do not constitute competitive activities. 
 (c) Right to Company
Materials. Executive agrees that all styles, designs, recipes, lists, materials, books, files, reports, correspondence, records, and other documents (“Company Material”) used, prepared, or made available to Executive, shall be and
shall remain the property of the Company. Upon the termination of his employment and/or the expiration of this Agreement, all Company Materials shall be returned immediately to the Company, and Executive shall not make or retain any copies thereof.

 (d) Non-Solicitation. Executive understands and agrees that in the course of employment with the Company, Executive will obtain
access to and/or acquire Company trade secrets, including Confidential Information, which are solely the property of the Company. Therefore, to protect such trade secrets, Executive promises and agrees that during the term of this Agreement, and for
a period thereafter equal to the greater of (i) one year or (ii) the period during which Executive is entitled to receive Periodic Payments under Section 7(b), he will not actively solicit or assist or instruct others in soliciting
any employees, customers, franchisees, landlords, or suppliers of the Company or any of its present or future subsidiaries or affiliates, to divert their employment or business to or with any individual, partnership, firm, corporation or other
entity then in competition with the business of the Company, or any subsidiary or affiliate of the Company. The Company acknowledges in this regard that its customers, landlords and suppliers do have existing relationships and likely will have
future relationships with the Company’s direct and indirect competitors in the restaurant industry in the ordinary course of their activities. For purposes of this Section 8, “solicit” shall not include general advertisements or
other communications in any media not targeted specifically at such employees, customers, franchisees, landlords, or suppliers, and any responses by such persons thereto. 

  
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 (e) Non-disparagement. Except for statements of fact, internal Company communications
relating to the performance of the Company, disclosures required under applicable law or in connection with any legal proceedings with respect to which Executive is a party or witness, Executive will not make any disparaging remarks regarding the
Company at any time during or after the termination of his employment with the Company. Except for statements of fact, internal communications relating to the performance of Executive, and disclosures required under applicable law or in connection
with any legal proceedings with respect to which the Company is a party or witness, the Company will not make any disparaging remarks regarding Executive at any time during or after the termination of his employment with the Company. 

9. Tax Matters; Code Sections 280G and 409A. 

(a) Notwithstanding any other provision of this Agreement, in the event that Executive becomes entitled to receive or receives any payments,
options, awards or benefits (including, without limitation, the monetary value of any non-cash benefits and the accelerated vesting of stock options or restricted stock) under this Agreement or under any other plan, agreement or arrangement with the
Company, from any person whose actions result in any change described in Section 280G(b)(2)(A)(i) (a “Section 280G Transaction”) of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations thereunder (the
“Code”) or from any person affiliated with the Company or such person (collectively, the “Payments”) that may separately or in the aggregate constitute “parachute payments” within the meaning of Code Section 280G
and it is determined that, but for this Section 9(a), any of the Payments will be subject to any excise tax pursuant to Code Section 4999 or any similar or successor provision (the “Excise Tax”), the Company shall pay to
Executive either (i) the full amount of the Company Payments (as defined below) or (ii) an amount equal to the Company Payments (as defined below), reduced by the minimum amount necessary to prevent any portion of the Payments from being
an “excess parachute payment” (within the meaning of Code Section 280G) (the “Capped Payments”), whichever of the foregoing amounts results in the receipt by Executive, on an after-tax basis, of the greatest amount of
Payments notwithstanding that all or some portion of the Payments may be subject to the Excise Tax. For purposes of determining whether Executive would receive a greater after-tax benefit from receipt of the Capped Payments than from receipt of
the full amount of the Payments, (i) there shall be taken into account any Excise Tax and all applicable federal, state and local taxes required to be paid by Executive in respect of the receipt of such payments and (ii) such payments
shall be deemed to be subject to federal income taxes at the highest rate of federal income taxation applicable to individuals that is in effect for the calendar year in which the benefits are to be paid, and state and local income taxes at the
highest rate of taxation applicable to individuals in the state and locality of employee’s residence on the effective date of the Section 280G Transaction, net of the maximum reduction in federal income taxes which could be obtained from
deduction of such state and local taxes (as determined by assuming that such deduction is subject to the maximum limitation applicable to itemized deductions under Code Section 68 and any other limitations applicable to the deduction of state
and local income taxes under the Code). 
 (b) In the event that Section 9(a) applies and a reduction is required to be
applied to the Company Payments thereunder, the Company Payments shall be reduced by the Company in its reasonable discretion in the following order and in a manner that complies with Code Section 409A (as determined by the Company):
(i) reduction of any cash payments otherwise payable to Executive that are exempt from Code Section 409A; (ii) reduction of any cash payments otherwise payable to Executive that are subject Code Section 409A on a pro-rata basis
or such other manner that complies with Code Section 409A, as determined by the Company, (iii) cancellation of accelerated vesting of equity awards (other than stock options) that are exempt from Code Section 409A;
(iv) cancellation of accelerated vesting of stock options that are exempt from Code Section 409A; and (v) reduction of any other payments and benefits otherwise payable to the Executive by the Company on a pro-rata basis or such

  
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other manner that complies with Code Section 409A, as determined by the Company. If acceleration of vesting of Executive’s stock options or other equity awards is to be reduced
pursuant to clauses (iii) or (iv) of the immediately preceding sentence, such acceleration of vesting shall be accomplished by first canceling such acceleration for the vesting installment that will vest last and continuing to the extent
necessary by canceling such acceleration for the next vesting installment with the latest vesting. For purposes of this Section 9, the term “Company Payments” means any payments, options, awards or benefits (including, without
limitation, the monetary value of any non-cash benefits and the accelerated vesting of stock options or restricted stock) under this Agreement or under any other plan, agreement or arrangement with the Company. 

(c) All calculations and determinations under this Section 9, including application and interpretation of the Code and related regulatory,
administrative and judicial authorities, shall be made by an accounting firm selected by the Company and reasonably acceptable to Executive which is designated as one of the four largest accounting firms in the United States (the “Accounting
Firm”). All determinations made by the Accounting Firm under this Section 9 shall be conclusive and binding on both the Company and Executive, and the Company shall cause the Accounting Firm to provide its determinations and any supporting
calculations with respect to Executive to the Company and Executive. The Company shall bear all fees and expenses charged by the Accounting Firm in connection with its services. For purposes of making the calculations and determinations under
this Section 9, after taking into account the information provided by the Company and Executive, the Accounting Firm may make reasonable, good faith assumptions and approximations concerning the application of Code Sections 280G and
4999. The Company and Executive shall furnish the Accounting Firm with such information and documents as the Accounting Firm may reasonably request to assist the Accounting Firm in making calculations and determinations under this
Section 9. 
 (d) The parties agree that all provisions of this Agreement are intended to meet, and to operate in accordance with (or be
otherwise exempt from), in all material respects, the requirements of paragraphs (2), (3), and (4) of Section 409A(a) of the Code, and any guidance from the Department of Treasury or Internal Revenue Service thereunder, but only to the
extent any compensation or benefits provided hereunder are not excepted or excluded from such requirements pursuant to the short-term deferral exception described in Treasury Regulations Section 1.409A-1(b)(4), the involuntary separation pay
plan exception described in Treasury Regulations Section 1.409A-1(b)(9)(iii), or otherwise. In this regard each severance payment under Section 7 of this Agreement shall be treated as a separate payment for purposes of Section 409A of
the Code. Where ambiguity or uncertainty exists, this Agreement shall be interpreted in a manner which would qualify any compensation payable hereunder to satisfy the requirements for exception to or exclusion from Section 409A and the taxes
imposed thereunder. In the event either party reasonably determines any item payable by the Company to the Executive pursuant to this Agreement that is not subject to a substantial risk of forfeiture would not meet, or is reasonably likely not to
meet, the requirements of paragraphs (2), (3) and (4) of Section 409A, or to qualify as excepted or excluded from Section 409A, such party shall notify the other in writing. Any such notice shall specify in reasonable detail the basis
and reasons for such party’s determination. The parties agree to negotiate in good faith the terms and conditions of an amendment to this Agreement and to avoid the inclusion of such item in a tax year before the Executive’s actual receipt
of such item of income; provided, however, nothing in this Section 9 shall be construed or interpreted to require the Company to increase any amounts payable to the Executive pursuant to this Agreement or to consent to any amendment that would
materially and adversely change the Company’s financial, accounting or tax treatment of the payments to the Executive under this Agreement. Any item payable under this Agreement that the Company reasonably determines is subject to
Section 409A(a)(2)(B)(i) of the Code, shall not be paid or commence to be paid before the later of (a) six months after the date of the Executive’s Separation from Service and (b) the payment date or commencement date specified
in this Agreement for such item. 
 All compensation shall be made on the dates provided herein and no request to accelerate or defer any
compensation under this Agreement shall be considered or approved, except as permitted under Code Section 409A. Executive may not directly or indirectly designate the calendar year 

  
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of the commencement of any payment hereunder, nor may the parties accelerate, offset or assign any deferred payment, except in compliance with Code Section 409A. Notwithstanding the
foregoing, in the event that it is reasonably determined by the Company that, as a result of Code Section 409A, any of the payments that Executive is entitled to under the terms of this Agreement may not be made at the time contemplated by this
Agreement, the Company shall pay such compensation on the first day permissible under Section 409A, provided that such payment does not result in additional taxes, penalties or interest under Section 409A. 

Any payment or benefit due upon a termination of Executive’s employment that represents a “deferral of compensation” within the
meaning of Section 409A of the Code shall be paid or provided to Executive only upon a Separation from Service. 
 Except as otherwise
expressly provided herein, to the extent any expense reimbursement or the provision of any in-kind benefit under this Agreement is determined to be subject to Section 409A of the Code, the amount of any such expenses eligible for reimbursement,
or the provision of any in-kind benefit, in one calendar year shall not affect the expenses eligible for reimbursement in any other taxable year, in no event shall any expenses be reimbursed after the last day of the calendar year following the
calendar year in which Executive incurred such expenses, and in no event shall any right to reimbursement or the provision of any in-kind benefit be subject to liquidation or exchange for another benefit. 

(e) In any case where Executive’s Separation from Service and the date by which Executive is required to deliver a release pursuant to
Section 7(b) or (c) fall in two separate taxable years, any amount required to be paid to Executive that is conditioned on the effectiveness of a release and is treated as nonqualified deferred compensation for purposes of Code
Section 409A shall be paid in the later taxable year. 
 (f) For purposes of this Agreement, “Separation from Service” shall
mean a “separation from service” within the meaning of Section 409A(2)(A)(i) of the Code and the underlying Treasury Regulations. Notwithstanding anything to the contrary contained in this Agreement, a termination of employment shall
not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service”
within the meaning of Code Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “Separation from Service.” 

(g) Notwithstanding any other provision to the contrary, and subject to (and only to the extent permissible under) the requirements of Treasury
Regulation Section 1.409A-2(b)(7)(i), the Company, in its sole discretion, may delay payment to Executive to the extent necessary to avoid application of the deduction limitation under Code Section 162(m). Unless otherwise determined by
the Company, in the case of compensation intended to meet the requirements for qualified performance-based compensation under Code Section 162(m), the provisions of this Agreement shall be administered and interpreted in accordance with Code
Section 162(m) to ensure the maximum deductibility by the Company of the payment of such compensation. 
 (h) The Company may withhold
from any amounts payable hereunder all applicable federal, state, local and foreign taxes required to be withheld by applicable laws or regulations. The Company does not guaranty or warrant the tax consequences of this Agreement or any other
agreement referenced herein or ancillary thereto, and Executive is solely responsible for consulting with an accountant, legal counsel or other tax advisor regarding such tax consequences. The Company shall have no obligation to indemnify or hold
Executive harmless from any or all of such liabilities (whether taxes, interest or penalties). 

  
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 10. Indemnity. The Company shall to the extent permitted and required by law, indemnify
and hold Executive harmless from costs, expense or liability arising out of or relating to any acts or decisions made by Executive in the course of his employment to the same extent the Company indemnifies and holds harmless other officers and
directors of the Company in accordance with the Company’s established policies. This indemnity shall include, without limitation, advancing Executive attorneys’ fees to the fullest extent permitted by applicable law. The Company agrees to
continuously maintain directors and officers’ liability insurance with reasonable limits of coverage at least equal to those in effect on the Commencement Date (as defined in the Original Employment Agreement) (unless Executive has voted in
favor of a reduction in such coverage as a member of the Board of Directors or has implemented a reduction in his capacity as an executive officer of the Company without a vote of the Board of Directors) and to include Executive within said coverage
while Executive is employed by the Company and for at least six (6) years after the termination of Executive’s employment by the Company. 

11. Representations and Warranties; Compliance With Company Policies. 

(a) Executive hereby represents and warrants as follows to the Company as a material inducement for the Company to enter into this Agreement:

 (i) Neither Executive nor any prior employer of Executive or any entity with respect to which Executive has served as a director,
officer, manager or greater than 5% beneficial owner, was permanently denied a liquor license primarily and directly as a result of Executive’s activities; and 

(ii) Executive is not subject to any agreements or restrictive covenants with prior employers that would have a material adverse impact on the
Company’s operations or materially interfere with Executive’s performance of his obligations hereunder. 
 (b) Executive
understands and agrees that, as an officer and director of a publicly traded company subject to the reporting requirements under the Exchange Act and the listing and other requirements of applicable securities exchanges, he will be subject to and
agrees to abide by Company policies applicable to executive officers and/or directors of the Company as in effect from time to time (including, without limit, insider trading policies and a Code of Integrity, Ethics and Conduct, copies of which have
been provided to Executive) (collectively, the “Company Policies”). Executive acknowledges and agrees that such Company Policies and the application thereof to Executive and other officers and/or directors of the Company shall not
constitute grounds for a Good Reason termination by Executive. 
 12. Severability. The provisions of this Agreement shall be deemed
severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. 

13. Assumption by Successor. 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 to expressly assume 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. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes this Agreement by operation of law, or otherwise.

 14. Arbitration. Except as provided herein, any controversy or claim arising out of or relating in any way to this Agreement or the
breach thereof, or Executive’s employment and any statutory claims including all claims of employment discrimination shall be subject to private and confidential arbitration in Orange County or Los Angeles, California in accordance with the
laws of the State of California. The arbitration shall be conducted in a procedurally fair manner by a mutually agreed upon neutral arbitrator selected in accordance with the National Rules for the Resolution of Employment Disputes
(“Rules”) of the American Arbitration Association or if none can be mutually agreed upon, then 

  
 10 

 
by one arbitrator appointed pursuant to the Rules. The arbitration shall be conducted confidentially in accordance with the Rules. The arbitration fees shall be paid by the Company. Each party
shall have the right to conduct discovery including depositions, requests for production of documents and such other discovery as permitted under the Rules or ordered by the arbitrator. The statute of limitations or any cause of action shall be that
prescribed by law. The arbitrator shall have the authority to award any damages authorized by law for the claims presented including punitive damages and shall have the authority to award reasonable attorneys’ fees to the prevailing party in
accordance with applicable law. The decision of the arbitrator shall be final and binding on all parties and shall be the exclusive remedy of the parties. The award shall be in writing in accordance with the Rules, and shall be subject to judicial
enforcement in accordance with California law. Notwithstanding anything to the contrary contained in this Section 14, nothing herein shall prevent or restrict the Company or Executive from seeking provisional injunctive relief from any forum
having competent jurisdiction over the parties. 
 15. Miscellaneous. No provision of this Agreement may be modified, waived or
discharged unless such waiver, modification or discharge is agreed to in writing and signed by Executive and such officer as may be specifically designated by the Board. No waiver by either party hereto at any time of any breach by the other party
hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. This Agreement
constitutes the entire understanding of the parties hereto as to the subject matter hereof and supersedes any prior oral or written agreements between the parties relating to the subject matter hereof. No agreements or representations, oral or
otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement. Sections 8, 9, 10, 12, 14 and 15 and, in the event of Executive’s termination without
Cause, including on account of Disability, or resignation for Good Reason during the original or extended Term of the Agreement, the Company’s obligation under Section 7 to make Periodic Payments, shall survive and continue in full force
and effect in accordance with their terms, notwithstanding any termination of this Agreement. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of California without regard to its
conflicts of law principles. 
 [Signature page immediately follows] 

  
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 IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement on the date first
indicated above. 
  

			
	BJ’S RESTAURANTS, INC.
		
	By:	 	/s/ Greg Levin
		 	Greg Levin, Chief Financial Officer
		
	By:	 	/s/ Lea Anne Ottinger
		 	Lea Anne Ottinger, Compensation Committee Chair
	
	EXECUTIVE:
	
	/s/ GREGORY TROJAN
	GREGORY TROJAN

  
 12

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