Document:

exv10w1

Exhibit 10.1

[AMENDED AND RESTATED ]INDEMNIFICATION AGREEMENT

THIS AGREEMENT (the “Agreement”) is made and entered into this                     th day of                     , 20                 
    between
Ultratech, Inc., a Delaware corporation (“the Company”) and                      (“Indemnitee”). [This
Agreement amends and restates and supersedes and replaces that certain Indemnification Agreement
dated as of                      by and between the Company and Indemnitee (the “Prior Agreement”).]

WITNESSETH THAT:

          WHEREAS, Indemnitee performs a valuable service for the Company; and

          WHEREAS, the Bylaws of the Company (the “Bylaws”) and the General Corporation Law of the State
of Delaware (the “Law”) by their nonexclusive nature, permit contracts between the Company and the
directors and officers of the Company with respect to indemnification and advancement of expenses
of such directors and officers; and

          WHEREAS, in accordance with the authorization as provided by the Law, the Company may purchase
and maintain a policy or policies of director’s and officer’s liability insurance (“D & O
Insurance”), covering certain liabilities which may be incurred by its directors and officers in
the performance of their obligations as directors and officers of the Company; and

          WHEREAS, as a result of recent developments affecting the terms, scope and availability of D &
O Insurance there exists general uncertainty as to the extent of protection afforded Company
directors and officers by such D & O Insurance and said uncertainty also exists under statutory and
bylaw indemnification provisions; and

          WHEREAS, there have been changes in the Law and other laws, as well as a continuing and
increasing risk associated with legal actions against directors and officers; and

          WHEREAS, this Agreement is a supplement to and in furtherance of the Bylaws of the Company and
any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to
diminish or abrogate any rights of Indemnitee thereunder; and

          WHEREAS, in recognition of past services and in order to induce Indemnitee to continue to
serve as a director and/or officer of the Company, the Company has determined and agreed to enter
into this contract with Indemnitee;

          NOW, THEREFORE, in consideration of Indemnitee’s continued service as a director and/or
officer after the date hereof the parties hereto agree as follows:

 

 

          1. Indemnity of Indemnitee. The Company hereby agrees to hold harmless and indemnify
Indemnitee to the full extent authorized or permitted by the provisions of the Law, as such may be
amended from time to time. In furtherance of the foregoing indemnification, and without limiting
the generality thereof:

               (a) Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee
shall be entitled to the rights of indemnification provided in this Section 1(a) if, by reason of
his Corporate Status (as hereinafter defined), he is, or is threatened to be made, a party to or
participant in any Proceeding (as hereinafter defined) other than a Proceeding by or in the right
of the Company. Pursuant to this Section 1(a), Indemnitee shall be indemnified against all
Expenses (as hereinafter defined), judgments, penalties, fines and amounts paid in settlement
actually and reasonably incurred by him or on his behalf in connection with such Proceeding or any
claim, issue or matter therein, if he acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the Company and, with respect to any criminal
Proceeding, had no reasonable cause to believe his conduct was unlawful.

               (b) Proceedings by or in the Right of the Company. Indemnitee shall be entitled to
the rights of indemnification provided in this Section 1(b) if, by reason of his Corporate Status,
he is, or is threatened to be made, a party to or participant in any Proceeding brought by or in
the right of the Company to procure a judgment in its favor. Pursuant to this Section 1(b),
Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by him or on
his behalf in connection with such Proceeding or any claim, issue or matter therein, if he acted in
good faith and in a manner he reasonably believed to be in or not opposed to the best interests of
the Company; provided, however, that, if applicable law so provides, no indemnification against
such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which
Indemnitee shall have been adjudged to be liable to the Company unless and to the extent that the
Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been
brought or is pending, shall determine that such indemnification may be made.

               (c) Indemnification for Expenses of a Party Who is Wholly or Partly Successful.
Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason
of his Corporate Status, a party to (or participant in) and is successful, on the merits or
otherwise, in any Proceeding or defense of any claim, issue or matter therein, in whole or in part,
he shall be indemnified to the maximum extent permitted by law against all Expenses actually and
reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is not wholly
successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but
less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee
against all Expenses actually and reasonably incurred by him or on his behalf in connection with
each successfully resolved claim, issue or matter, to the fullest extent

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permitted by law. For purposes of this Section and without limitation, the termination of any
claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be
deemed to be a successful result as to such claim, issue or matter.

          2. Additional Indemnity.

               (a) Subject only to the exclusions set forth in Section 2(b) hereof, the Company hereby
further agrees to hold harmless and indemnify Indemnitee against any and all Expenses, judgments,
fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection
with any Proceeding (including an action by or on behalf of the Company) to which Indemnitee is,
was or at any time becomes a party, or is threatened to be made a party, by reason of his Corporate
Status; provided, however, that with respect to actions by or on behalf of the Company,
indemnification of Indemnitee against any judgments shall be made by the Company only as authorized
in the specific case upon a determination that Indemnitee acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the Company; and

               (b) No indemnity pursuant to this Section 2 shall be paid by the Company:

                    (i) In respect to remuneration paid to Indemnitee if it shall be determined by a final
judgment or other final adjudication that such remuneration was in violation of law;

                    (ii) For which payment has actually been made to or on behalf of Indemnitee under any
insurance policy or other indemnity provision, except with respect to any excess beyond the amount
paid under any insurance policy or other indemnity provision;

                    (iii) For (i) an accounting of profits made from the purchase or sale by Indemnitee of
securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange
Act of 1934 and amendments thereto (the “Act”) or similar provisions of any federal, state or local
statutory law, or (ii) any reimbursement of the Company by the Indemnitee of any bonus or other
incentive-based or equity -based compensation or of any profits realized by the Indemnitee from the
sale of securities of the Company, as required in each case under the Act (including any such
reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of
the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits
arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the
Sarbanes-Oxley Act);

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                    (iv) On account of Indemnitee’s conduct which is finally adjudged to have been knowingly
fraudulent or deliberately dishonest, or to constitute willful misconduct; or

                    (v) If a final decision by a court having jurisdiction in the matter shall determine that such
indemnification is not lawful.

          3. Contribution. To the fullest extent permitted by law, if the indemnification
provided in Sections 1 and 2 is unavailable and may not be paid to Indemnitee for any reason
other than those set forth in Section 2(b), the Company shall contribute to the amount of
Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred and
paid or payable by Indemnitee in such proportion as is appropriate to reflect (i) the relative
benefits received by the Company on the one hand and by the Indemnitee on the other hand from the
transaction from which such Proceeding arose, and (ii) the relative fault of the Company on the
one hand and of the Indemnitee on the other hand in connection with the events which resulted in
such Expenses, judgments, fines or settlement amounts, as well as any other relevant equitable
considerations. The relative fault of the Company on the one hand and of the Indemnitee on the
other hand shall be determined by reference to, among other things, the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent the circumstances
resulting in such Expenses, judgments, fines or settlement amounts. The Company agrees that it
would not be just and equitable if contribution pursuant to this Section 3 were determined by pro
rata allocation or any other method of allocation which does not take account of the foregoing
equitable considerations.

          4. Indemnification for Expenses of a Witness. Notwithstanding any other provision
of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a witness
in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all
Expenses actually and reasonably incurred by him or on his behalf in connection therewith.

          5. Advancement of Expenses. Notwithstanding any other provision of this Agreement, the
Company shall advance, to the extent not prohibited by law, all reasonable Expenses incurred by or
on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee’s Corporate
Status within ten days after the receipt by the Company of a statement or statements from
Indemnitee requesting such advance or advances from time to time, whether prior to or after final
disposition of such Proceeding. Advances shall include any and all reasonable Expenses incurred
pursuing an action to enforce this right of advancement, including Expenses incurred preparing and
forwarding statements to the Company to support the advances claims. Such statement or statements
shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or
accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it
shall ultimately be determined that Indemnitee is not entitled to be indemnified against such
Expenses. Any advances and

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undertakings to repay pursuant to this Section 5 shall be unsecured and interest free. This
Section 5 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant
to Section 2(b)(ii) or (iii).

          6. Procedure for Determination of Entitlement to Indemnification.

               (a) Indemnitee shall notify the Company in writing of any matter with respect to which
Indemnitee intends to seek indemnification or advancement of Expenses hereunder as soon as
reasonably practicable following the receipt by Indemnitee of written notice thereof. The written
notification to the Company shall include a description of the nature of the Proceeding and the
facts underlying the Proceeding. To obtain indemnification and/or advancement of Expenses by the
Company under this Agreement, Indemnitee shall submit to the Company a written request, including
therein or therewith such documentation and information as is reasonably available to Indemnitee
and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to such
indemnification and/or advancement of Expenses. The failure by Indemnitee to notify the Company
hereunder shall not relieve the Company from any liability which it may have to Indemnitee
hereunder or otherwise than under this Agreement, and any delay in so notifying the Company shall
not constitute a waiver by Indemnitee of any rights under this Agreement. The Secretary of the
Company shall, promptly upon receipt of such a request for indemnification and/or advancement of
Expenses, advise the Board of Directors in writing that Indemnitee has made such a request.

               (b) The Company shall be entitled to participate in the Proceeding at its own expense.

               (c) Upon written request by Indemnitee for indemnification pursuant to Section 6(a) hereof,
a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto
shall be made in the specific case: (i) if a Change in Control (as hereinafter defined) shall
have occurred, by Independent Counsel (as hereinafter defined) in a written opinion to the Board
of Directors, a copy of which shall be delivered to Indemnitee (unless Indemnitee shall request
that such determination be made by the Board of Directors or the stockholders, in which case the
determination shall be made in the manner provided in Clause (ii) below), or (ii) if a Change in
Control shall not have occurred, (A) by the Board of Directors by a majority vote of the
Disinterested Directors (as hereinafter defined), or (B) if there are no such Disinterested
Directors or, said Disinterested Directors so direct, by Independent Counsel in a written opinion
to the Board of Directors, a copy of which shall be delivered to Indemnitee, or (C) by a
committee of Disinterested Directors designated by a majority vote of the Disinterested
Directors, even though less than a quorum of the Board of Directors, or (D) if so directed by
said Disinterested Directors, by the stockholders of the Company; and, if it is determined that
Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10)
days after such

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determination. Indemnitee shall cooperate with the person, persons or entity making such
determination with respect to Indemnitee’s entitlement to indemnification including providing to
such person, persons or entity upon reasonable advance request any documentation or information
which is not privileged or otherwise protected from disclosure and which is reasonably available
to Indemnitee and reasonably necessary to such determination. Any Independent Counsel, member of
the Board of Directors, or stockholder of the Company shall act reasonably and in good faith in
making a determination under this Agreement of the Indemnitee’s entitlement to indemnification.
Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so
cooperating with the person, persons or entity making such determination shall be borne by the
Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and
the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

               (d) If the determination of entitlement to indemnification is to be made by Independent
Counsel pursuant to Section 6(c) hereof, the Independent Counsel shall be selected as provided in
this Section 6(d). If a Change in Control shall not have occurred, the Independent Counsel shall
be selected by the Board of Directors, and the Company shall give written notice to Indemnitee
advising him of the identity of the Independent Counsel so selected. If a Change in Control
shall have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee
shall request that such selection be made by the Board of Directors, in which event the preceding
sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the
identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as
the case may be, may, within 10 days after such written notice of selection shall have been
given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such
selection; provided, however, that such objection may be asserted only on the ground that the
Independent Counsel so selected does not meet the requirements of “Independent Counsel” as
defined in Section 14 of this Agreement, and the objection shall set forth with particularity the
factual basis of such assertion. Absent a proper and timely objection, the person so selected
shall act as Independent Counsel. If a written objection is made and substantiated, the
Independent Counsel selected may not serve as Independent Counsel unless and until such objection
is withdrawn or a court has determined that such objection is without merit. If, within 20 days
after submission by Indemnitee of a written request for indemnification pursuant to Section 6(a)
hereof, no Independent Counsel shall have been selected and not objected to, either the Company
or Indemnitee may petition the Court of Chancery of the State of Delaware or other court of
competent jurisdiction for resolution of any objection which shall have been made by the Company
or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as
Independent Counsel of a person selected by the court or by such other person as the court shall
designate, and the person with respect to whom all objections are so resolved or the person so
appointed shall act as Independent Counsel under Section 6(c) hereof. The Company

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shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such
Independent Counsel in connection with acting pursuant to Section 6(c) hereof, and the Company
shall pay all reasonable fees and expenses incident to the procedures of this Section 6(d),
regardless of the manner in which such Independent Counsel was selected or appointed. Upon the
due commencement of any judicial proceeding or arbitration pursuant to Section 8(a)(iii) of this
Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in
such capacity (subject to the applicable standards of professional conduct then prevailing).

               (e) The Company shall not be required to obtain the consent of the Indemnitee to the
settlement of any Proceeding which the Company has undertaken to defend if the Company assumes full
and sole responsibility for such settlement and the settlement grants the Indemnitee a complete and
unqualified release in respect of the potential liability.

          7. Presumptions and Effect of Certain Proceedings.

               (a) In making a determination with respect to entitlement to indemnification hereunder, the
person or persons or entity making such determination shall, to the fullest extent not prohibited
by law, presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee
has submitted a request for indemnification in accordance with Section 6(a) of this Agreement, and
the Company shall, to the fullest extent not prohibited by law, have the burden of proof to
overcome that presumption in connection with the making by any person, persons or entity of any
determination contrary to that presumption.

               (b) Subject to Section 8(f), if the person, persons or entity empowered or selected under
Section 6 of this Agreement to determine whether Indemnitee is entitled to indemnification shall
not have made a determination within thirty (30) days after receipt by the Company of the request
therefor, the requisite determination of entitlement to indemnification shall be deemed to have
been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by
Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law; provided, however, that such 30-day
period may be extended for a reasonable time, not to exceed an additional fifteen (15) days, if the
person, persons or entity making the determination with respect to entitlement to indemnification
in good faith requires such additional time for the obtaining or evaluating documentation and/or
information relating thereto; and provided, further, that the foregoing provisions of this Section
7(b) shall not apply (i) if the determination of entitlement to indemnification is to be made by
the stockholders pursuant to Section 6(b) of this Agreement and if (A) within fifteen (15) days
after receipt by the Company of the request for such determination the Board of

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Directors or the Disinterested Directors, if appropriate, resolve to submit such determination
to the stockholders for their consideration at an annual meeting thereof to be held within seventy
five (75) days after such receipt and such determination is made thereat, or (B) a special meeting
of stockholders is called within fifteen (15) days after such receipt for the purpose of making
such determination, such meeting is held for such purpose within sixty (60) days after having been
so called and such determination is made thereat, or (ii) if the determination of entitlement to
indemnification is to be made by Independent Counsel pursuant to Section 6(c) of this Agreement.

               (c) The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement (with or without court approval), conviction, or upon a plea of nolo contendere
or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself
adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee
did not act in good faith and in a manner which he reasonably believed to be in or not opposed to
the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had
reasonable cause to believe that his conduct was unlawful.

               (d) For purposes of any determination of good faith, Indemnitee shall be deemed to have
acted in good faith if Indemnitee’s action is based on the records or books of account of the
Enterprise, including financial statements, or on information supplied to Indemnitee by the
officers of the Enterprise in the course of their duties, or on the advice of legal counsel for
the Enterprise or on information or records given or reports made to the Enterprise by an
independent certified public accountant or by an appraiser or other expert selected with
reasonable care by the Enterprise. In addition, the knowledge and/or actions, or failure to act,
of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee
for purposes of determining the right to indemnification under this Agreement. The provisions of
this Section 7(d) shall not be deemed to be exclusive or to limit in any way the other
circumstances in which the Indemnitee may be deemed to have met the applicable standard of
conduct set forth in this Agreement.

          8. Remedies of Indemnitee.

               (a) Subject to Section 8(f), in the event that (i) a determination is made pursuant to Section
6 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii)
advancement of Expenses is not timely made pursuant to Section 5 of this Agreement, (iii) no
determination of entitlement to indemnification shall have been made pursuant to Section 6(c) of
this Agreement within 90 days after receipt by the Company of the request for indemnification, (iv)
payment of indemnification or contribution is not made pursuant to Section 1(c), 3 or 4 of this
Agreement within ten (10) days after receipt by the Company of a written request therefor, (v)
payment of indemnification is not made within ten (10) days after a

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determination has been made that Indemnitee is entitled to indemnification or such
determination is deemed to have been made pursuant to Section 6 or 7 of this Agreement, or (vi) in
the event that the Company or any other person takes or threatens to take any action to declare
this Agreement void or unenforceable, or institutes any litigation or other action or Proceeding
designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be
provided to the Indemnitee hereunder, Indemnitee shall be entitled to an adjudication in an
appropriate court of the State of Delaware, or in any other court of competent jurisdiction, of his
entitlement to such indemnification and/or advancement of Expenses, as the case may be.
Alternatively, Indemnitee, at his option, may seek an award in arbitration to be conducted by a
single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration
Association. The Company shall not oppose Indemnitee’s right to seek any such adjudication or
award in arbitration.

               (b) In the event that a determination shall have been made pursuant to Section 6(c) of this
Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or
arbitration commenced pursuant to this Section 8 shall be conducted in all respects as a de novo
trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that
adverse determination. In any judicial proceeding or arbitration commenced pursuant to this
Section 8 the Company shall have the burden of proving Indemnitee is not entitled to
indemnification or advancement of Expenses, as the case may be.

               (c) If a determination shall have been made pursuant to Section 6(c) of this Agreement that
Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any
judicial proceeding or arbitration commenced pursuant to this Section 8, absent (i) a misstatement
by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law.

               (d) In the event that Indemnitee, pursuant to this Section 8, seeks a judicial adjudication of
or an award in arbitration to enforce his rights under, or to recover damages for breach of, this
Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by
the Company against, any and all expenses (of the types described in the definition of Expenses in
Section 16 of this Agreement) actually and reasonably incurred by him in such judicial adjudication
or arbitration, but only if he prevails therein. If it shall be determined in said judicial
adjudication or arbitration that Indemnitee is entitled to receive part but not all of the
indemnification sought, the expenses incurred by Indemnitee in connection with such judicial
adjudication or arbitration shall be appropriately prorated. It is the intent of the Company that,
to the fullest extent permitted by law, the Indemnitee not be required to incur legal fees or other
Expenses associated with the interpretation, enforcement or

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defense of Indemnitee’s rights under the Agreement by litigation or otherwise because the cost
and expense thereof would substantially detract from the benefits intended to be extended to the
Indemnitee hereunder. The Company shall, to the fullest extent permitted by law, indemnify
Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within ten (10)
days after receipt by the Company of a written request therefor) advance, to the extent not
prohibited by law, such Expenses to Indemnitee, which are incurred by Indemnitee in connection with
any action brought by Indemnitee for indemnification or advancement of Expenses from the Company
under this Agreement or under any directors’ and officers’ liability insurance policies maintained
by the Company if Indemnitee is wholly successful on the underlying claims; if Indemnitee is not
wholly successful on the underlying claims, then such indemnification and advancement shall be only
to the extent Indemnitee is successful on such underlying claims or otherwise as permitted by law,
whichever is greater.

               (e) The Company shall be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 8 that the procedures and presumptions of this Agreement are not
valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator
that the Company is bound by all the provisions of this Agreement.

               (f) Notwithstanding anything in this Agreement to the contrary, no determination as to
entitlement of Indemnitee to indemnification under this Agreement shall be required to be made
prior to the final disposition of the Proceeding.

          9. Non-Exclusivity; Survival of Rights; Insurance: Subrogation.

               (a) The rights of indemnification and to receive advancement of Expenses as provided by this
Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be
entitled under applicable law, the certificate of incorporation of the Company, the Bylaws, any
agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment,
alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right
of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in
his Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in
the Law, whether by statute or judicial decision, permits greater indemnification or advancement of
Expenses than would be afforded currently under the Bylaws and this Agreement, it is the intent of
the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded
by such change. No right or remedy herein conferred is intended to be exclusive of any other right
or remedy, and every other right and remedy shall be cumulative and in addition to every other
right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other right or remedy.

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               (b) To the extent that the Company maintains an insurance policy or policies providing
liability insurance for directors, officers, employees, or agents or fiduciaries of the Company or
of any other corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise which such person serves at the request of the Company, Indemnitee shall be covered by
such policy or policies in accordance with its or their terms to the maximum extent of the coverage
available for any such director, officer, employee or agent under such policy or policies. If, at
the time of the receipt of a notice of a claim or commencement of a Proceeding pursuant to the
terms hereof, the Company has director and officer liability insurance in effect, the Company shall
give prompt notice of such claim or of the commencement of a Proceeding, as the case may be, to the
insurers in accordance with the procedures set forth in the respective policies. The Company shall
thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the
Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such
policies.

               (c) In the event of any payment under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers
required and take all action necessary to secure such rights, including execution of such documents
as are necessary to enable the Company to bring suit to enforce such rights.

               (d) The Company shall not be liable under this Agreement to make any payment of amounts
otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise actually
received such payment under any insurance policy, contract, agreement or otherwise.

               (e) The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is
or was serving at the request of the Company as a director, officer, employee or agent of any other
corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or
other enterprise shall be reduced by any amount Indemnitee has actually received as indemnification
or advancement of Expenses from such other corporation, limited liability company, partnership,
joint venture, trust, employee benefit plan or other enterprise.

          10. Exception to Right of Indemnification. Notwithstanding any other provision of
this Agreement, Indemnitee shall not be entitled to indemnification under this Agreement with
respect to any Proceeding brought by Indemnitee, or any claim therein, unless (a) the bringing of
such Proceeding or making of such claim shall have been approved by the Board of Directors or (b)
such Proceeding is being brought by the Indemnitee to assert his rights under this Agreement.

          11. Duration of Agreement. All agreements and obligations of the Company contained
herein shall continue during the period Indemnitee is a director, officer, employee or agent of the
Company (or is or was serving at the request of the

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Company as a director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise), whether the act or omission occurred or Proceeding is brought
before or after the date of this Agreement, and shall continue thereafter so long as Indemnitee
shall be subject to any Proceeding (or any proceeding commenced under Section 8 hereof) by reason
of his Corporate Status, whether or not he is acting or serving in any such capacity at the time
any liability or expense is incurred for which indemnification can be provided under this
Agreement. This Agreement shall be binding upon and inure to the benefit of and be enforceable by
the parties hereto and their respective successors (including any direct or indirect successor by
purchase, merger, consolidation or otherwise to all or substantially all of the business or assets
of the Company), assigns, spouses, heirs, executors and personal and legal representatives. This
Agreement shall continue in effect regardless of whether Indemnitee continues to serve as a
director, officer, employee or agent of the Company or any other enterprise at the Company’s
request.

          12. Security. To the extent requested by the Indemnitee and approved by the Board of
Directors, the Company may at any time and from time to time provide security to the Indemnitee for
the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or
other collateral. Any such security, once provided to the Indemnitee, may not be revoked or
released without the prior written consent of the Indemnitee.

          13. Enforcement.

               (a) The Company expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director
and/or officer of the Company, and the Company acknowledges that Indemnitee is relying upon this
Agreement in serving as a director and/or officer of the Company.

               (b) This Agreement constitutes the entire agreement between the parties hereto with respect to
the subject matter hereof and supersedes all prior agreements and understandings, oral, written and
implied, between the parties hereto with respect to the subject matter hereof[, including the Prior
Agreement]; provided, however, that this Agreement is a supplement to and in furtherance of the
Certificate of Incorporation of the Company, the Bylaws of the Company and applicable law, and
shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee
thereunder.

          14. Definitions. For purposes of this Agreement:

               (a) “Change in Control” means a change in control of the Company occurring after the date of
this Agreement of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A (or in

12

 

response to any similar item on any similar schedule or form) promulgated under the Act,
whether or not the Company is then subject to such reporting requirement; provided, however,
that, without limitation, such a Change in Control shall be deemed to have occurred if after the
date of this Agreement (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the
Act, as amended, but excluding (i) the Company, (ii) any trustee or other fiduciary holding
securities under an employee benefit plan of the Company, and (iii) any corporation owned,
directly or indirectly, by the stockholders of the Company in substantially the same proportions
as their ownership of stock of the Company) other than a trustee or other fiduciary holding
securities under an employee benefit plan of the Company or a corporation owned directly or
indirectly by the stockholders of the Company in substantially the same proportions as their
ownership of stock of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3
under the Act), directly or indirectly, of securities of the Company representing 20% or more of
the combined voting power of the Company’s then outstanding securities (other than any such
person or any affiliate thereof that is such a 20% beneficial owner as of the date hereof)
without the prior approval of at least two-thirds of the members of the Board of Directors in
office immediately prior to such person attaining such percentage interest; (ii) there occurs a
proxy contest, or the Company is a party to a merger, consolidation, sale of assets, plan of
liquidation or other reorganization, as a consequence of which members of the Board of Directors
in office immediately prior to such transaction or event constitute less than a majority of the
Board of Directors thereafter; or (iii) during any period of two consecutive years (not including
any period prior to the execution of this Agreement), other than as a result of an event
described in clause (a)(ii) of this Section 16, individuals who at the beginning of such period
constituted the Board of Directors (including for this purpose any new director whose election or
nomination for election by the Company’s stockholders was approved by a vote of at least
two-thirds of the directors then still in office who were directors at the beginning of such
period) cease for any reason to constitute at least a majority of the Board of Directors. A
Change in Control shall not be deemed to have occurred under item (i) above if the “person”
described under item (i) is entitled to report its ownership on Schedule 13G promulgated under
the Act and such person is able to represent that it acquired such securities in the ordinary
course of its business and not with the purpose nor with the effect of changing or influencing
the control of the Company, nor in connection with or as a participant in any transaction having
such purpose or effect. If the “person” referred to in the previous sentence would at any time
not be entitled to continue to report such ownership on Schedule 13G pursuant to Rule
13d-1(b)(3)(i)(B) of the Act, then a Change in Control shall be deemed to have occurred at such
time.

               (b) “Corporate Status” describes the status of a person who is or was a director, officer,
employee or agent or fiduciary of the Company or of any other corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise which such person is or was serving at
the express written request of the Company.

13

 

               (c) “Disinterested Director” means a director of the Company who is not and was not a party to
the Proceeding in respect of which indemnification is sought by Indemnitee.

               (d) “Enterprise” shall mean the Company and any other corporation, partnership, joint venture,
trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the
express written request of the Company as a director, officer, employee, agent or fiduciary.

               (e) “Expenses” shall include all reasonable attorneys’ fees, retainers, court costs,
transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and
binding costs, telephone charges, postage, delivery service fees, and all other disbursements or
expenses of the types customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, participating, or being or preparing to be a witness in a
Proceeding. Expenses also shall include (i) Expenses incurred in connection with any appeal
resulting from any Proceeding, including without limitation the premium, security for, and other
costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent, and (ii)
for purposes of Section 8(d) only, Expenses incurred by Indemnitee in connection with the
interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation
or otherwise. The parties agree that for the purposes of any advancement of Expenses for which
Indemnitee has made written demand to the Company in accordance with this Agreement, all Expenses
included in such demand that are certified by affidavit of Indemnitee’s counsel as being reasonable
shall be presumed conclusively to be reasonable.

               (f) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of the Law and neither presently is, nor in the past five years has been, retained to
represent: (i) the Company or Indemnitee in any matter material to either such party (other than
with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees
under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to
a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of professional conduct
then prevailing, would have a conflict of interest in representing either the Company or Indemnitee
in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the
reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel
against any and all Expenses, claims, liabilities and damages arising out of or relating to this
Agreement or its engagement pursuant hereto.

               (g) “Proceeding” includes any threatened, pending or completed action, suit, arbitration,
alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other
actual, threatened or completed proceeding, whether

14

 

brought by or in the right of the Company or otherwise and whether of a civil, criminal,
administrative or investigative (formal or informal) nature, including any appeal therefrom, in
which Indemnitee was, is or will be involved as a party, potential party, non-party witness or
otherwise, by reason of the fact that Indemnitee is or was a director and/or officer of the
Company, by reason of any action taken by him or of any inaction on his part while acting as a
director and/or officer of the Company, or by reason of the fact of his Corporate Status or that he
otherwise is or was serving at the request of the Company as a director, officer, employee or agent
of another corporation, partnership, joint venture, trust or other enterprise, in each case whether
or not he is acting or serving in any such capacity at the time any liability or expense is
incurred for which indemnification, reimbursement or advancement of expenses can be provided under
this Agreement, including one pending on or before the date of this Agreement and excluding one
initiated by an Indemnitee pursuant to Section 8 of this Agreement to enforce his rights under this
Agreement. If Indemnitee believes in good faith that a given situation may lead to or culminate in
the institution of a Proceeding, this shall be considered a Proceeding under this paragraph.

               (h) Reference to “other enterprise” shall include employee benefit plans; references to
“fines” shall include any excise tax assessed with respect to any employee benefit plan; references
to “serving at the request of the Company” shall include any service as a director, officer,
employee or agent of the Company which imposes duties on, or involves services by, such director,
officer, employee or agent with respect to an employee benefit plan, its participants or
beneficiaries; and a person who acted in good faith and in a manner he reasonably believed to be in
the best interests of the participants and beneficiaries of an employee benefit plan shall be
deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to
in this Agreement.

          15. Severabilitv. If any provision or provisions of this Agreement shall be held by a
court of competent jurisdiction to be invalid, void, illegal or otherwise unenforceable for any
reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of
this Agreement (including without limitation, each portion of any section of this Agreement
containing any such provision held to be invalid, illegal or unenforceable, that is not itself
invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall
remain enforceable to the fullest extent permitted by law; and (b) to the fullest extent possible,
the provisions of this Agreement (including, without limitation, each portion of any section of
this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is
not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent
manifested thereby.

          16. Modification and Waiver. No supplement, modification, termination or amendment of
this Agreement shall be binding unless executed in writing by both of the parties to this
Agreement. No waiver of any of the provisions of this

15

 

Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether
or not similar) nor shall such waiver constitute a continuing waiver, unless, in each case, the
waiver expressly so states.

          17. Notice by Indemnitee. Indemnitee agrees promptly to notify the Company in writing
upon being served with any summons, citation, subpoena, complaint, indictment, information or other
document relating to any Proceeding or matter which may be subject to indemnification covered
hereunder. The failure to so notify the Company shall not relieve the Company of any obligation
which it may have to the Indemnitee under this Agreement or otherwise.

          18. Notices. All notices, requests, demands and other communications hereunder shall
be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted
for by the party to whom said notice or other communication shall have been directed, (ii) mailed
by certified or registered mail with postage prepaid, on the third business day after the date on
which it is so mailed, (iii) sent by reputable overnight courier and receipted for by the party to
whom said notice or other communication shall have been directed, or (iv) sent by facsimile
transmission, with receipt of confirmation that such transmission has been received:

	 	(a)	 	If to Indemnitee, to:
	 
	 	 	 	[DIRECTOR]
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	(b)	 	If to the Company, to:

Ultratech, Inc.

3050 Zanker Road

San Jose, CA 95134

Fax: (                    )                                         

Attention: Chief Executive Officer; Secretary

or to such other address as may have been furnished to Indemnitee by the Company or to the Company
by Indemnitee, as the case may be.

          19. Identical Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original but all of which
together shall constitute one and the same Agreement. Only one such counterpart signed by the
party against whom enforceability is sought needs to be produced to evidence the existence of this
Agreement.

16

 

          20. Headings. The headings of the paragraphs of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

          21. Governing Law. The parties agree that this Agreement and legal relations among
the parties shall be governed by, and construed and enforced in accordance with, the laws of the
State of Delaware without application of the conflict of laws principles thereof. Except with
respect to any arbitration commenced by Indemnitee pursuant to Section 8(a) of this Agreement, the
Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or
proceeding arising out of or in connection with this Agreement shall be brought only in the
Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or
federal court in the United States of America or any court in any other country, (ii) consent to
submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding
arising out of or in connection with this Agreement, (iii) waive any objection to the laying of
venue of any such action or proceeding in the Delaware Court, and (iv) waive, and agree not to
plead or to make, any claim that any such action or proceeding brought in the Delaware Court has
been brought in an improper or inconvenient forum.

          22. Gender. Use of the masculine pronoun shall be deemed to include usage of the
feminine pronoun where appropriate.

          IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and
year first above written.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	ULTRATECH, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	INDEMNITEE	 	 
	 
	 

	 	 	 	 

17exv10w1

Exhibit 10.1

McAFEE, INC.

CHANGE OF CONTROL AND RETENTION AGREEMENT

     This Change of Control and Retention Agreement (the “Agreement”) is made and entered
into by and between David G. DeWalt (the “Employee”) and McAfee, Inc. (the
“Company”), effective as of December 12, 2008 (the “Effective Date”).

RECITALS

     It is possible that the Company may from time to time receive acquisition proposals by other
entities. The Compensation Committee of the Board of Directors of the Company (the
“Committee”) recognizes that consideration of any such proposals can be a distraction to
the Employee and can cause the Employee to consider alternative employment opportunities. The
Committee has determined that it is in the best interests of the Company and its stockholders to
assure that the Company will have the continued dedication and objectivity of the Employee,
notwithstanding the possibility, threat or occurrence of a “Change of Control” (as defined
herein) of the Company.

     The Committee believes that it is in the best interests of the Company and its stockholders to
provide the Employee with an incentive to continue his or her employment and to motivate the
Employee to maximize the value of the Company upon a Change of Control for the benefit of its
stockholders.

     The Committee believes that it is imperative to provide the Employee with certain benefits
upon the Employee’s termination of employment following a Change of Control. These benefits will
provide the Employee with enhanced financial security and incentive and encouragement to remain
with the Company notwithstanding the possibility of a Change of Control.

     This Agreement also consolidates the documentation of severance benefits to which the Employee
may be entitled in the event of the Employee’s termination of employment with the Company under
specified circumstances not in connection with a Change of Control.

     Certain capitalized terms used in the Agreement are defined in Section 6 below.

AGREEMENT

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

	1.	 	Term of Agreement. The term of this Agreement shall commence on the Effective Date
and continue through February 15, 2010. If a Potential Change in Control Date has occurred
prior to the expiration of this Agreement, this Agreement shall remain in effect until the
earliest of:

	 	(a)	 	eighteen (18) months after the Change of Control Date, if a Change of Control
has been completed, and automatically terminate following the eighteen month
anniversary of the Change of Control Date, so long as all payments due under Section
3(c) and 4 of this Agreement have been made; or
	 
	 	(b)	 	twelve (12) months after the Potential Change of Control Date if no Change of
Control has been completed; provided, however, that in the event of a protracted
regulatory clearance

 

 

	 	 	 	process with respect to a Potential Change of Control, such term shall be extended so
long as the Company is pursuing the Potential Change of Control in good faith.

	2.	 	At-Will Employment. The Company and the Employee acknowledge that the Employee’s
employment is and shall continue to be at-will, as defined under applicable law, except as
otherwise may be provided specifically under the terms of any written formal employment
agreement or offer letter between the Company and the Employee (an “Employment
Agreement”). If the Employee’s employment terminates for any reason, including (without
limitation) any termination prior to a Change of Control, the Employee shall not be entitled
to any payments, benefits, damages, awards or compensation other than as provided by this
Agreement, or as may otherwise be available in accordance with the Company’s established
employee plans other than any Employment Agreement. To the extent the Employee has entered
into an employment agreement or other written employment related document with the Company,
its applicability will not be changed by this Agreement, except with respect to any provisions
that provide for payments or other benefits upon termination of employment.
	 
	3.	 	Severance Benefits.

	 	(a)	 	In addition to the benefits described below, the Employee will be entitled to
receive payment for:

	 	(i)	 	Accrued Salary and Vacation. All salary and accrued
vacation earned through the Termination Date, less applicable federal and state
withholding.

	 	(ii)	 	Expense Reimbursement. Within thirty (30) days of
submission of proper expense reports by the Employee, the Company shall
reimburse the Employee for all expenses incurred by the Employee, consistent
with past practices, in connection with the business of the Company prior to the
Employee’s termination of employment.

	 	(iii)	 	Employee Benefits. Benefits, if any, under any 401(k)
plan, nonqualified deferred compensation plan, employee stock purchase plan and
other Company benefit plans under which the Employee may be entitled to
benefits, payable pursuant to the terms of such plans.

	 	(b)	 	Involuntary Termination other than for Cause or Resignation for Good Reason
OTHER THAN During the Change of Control Period. If (i) the Employee resigns his or
her employment with the Company (or any parent or subsidiary of the Company) for
“Non-Change of Control Period Good Reason” (as defined herein), or (ii) the
Company (or any parent or subsidiary of the Company) terminates the Employee’s
employment for other than “Cause” (as defined herein), such termination is not
within the period ending eighteen (18) months following a Change of Control Date (the
“Change of Control Period”) and, the Employee (X) complies with the Company’s
sub-certification requirements that have been implemented to ensure compliance with the
Sarbanes Oxley Act 2002 in form and substance determined by the Company in its complete
discretion, and (Y) signs and does not revoke a standard release of claims with the
Company in a form substantially similar to that attached hereto as Exhibit A (a
“Release”), then the Employee shall receive the following severance benefits
from the Company:

	 	(i)	 	Severance Payment. The Employee shall receive a lump-sum
severance payment (less applicable tax withholding) equal to twelve (12) months
of the Employee’s Base Salary plus a pro rata fraction of 110% of the
Employee’s Base Salary with the

-2-

 

	 	 	 	fraction determined as the number of days in the year to the date of
termination divided by 365.

	 	(ii)	 	Additional Severance Payment. If the Employee is covered
by the Company health care plan, the Employee shall receive a lump sum cash
payment equal to twelve (12) multiplied by the cost of a single month of COBRA
coverage at the rates in effect on the date of termination. If such coverage
included the Employee’s dependents immediately prior to the Employee’s
termination of employment with the Company, such payment shall also include the
cost of COBRA coverage for the Employee’s dependents.
	 
	 	(iii)	 	Initial Restricted Stock Unit
Acceleration. Employee’s restricted stock unit granted on February 11, 2008
with respect to 125,000 shares of the Company’s stock shall have its vesting
accelerated as of the date of termination so that it is vested to the extent
that it would have been vested if Employee had remained employed through the
one-year anniversary of the date of termination.

	 	(c)	 	Involuntary Termination Other than for Cause or Resignation for Good Reason
DURING the Change of Control Period. If within the Change of Control Period, (i)
the Employee resigns his or her employment with the Company (or any parent or
subsidiary of the Company) for “Change of Control Period Good Reason” (as
defined herein), or (ii) the Company (or any parent or subsidiary of the Company)
terminates the Employee’s employment for other than “Cause” (as defined
herein), the Employee’s death or the Employee’s Disability (as defined herein), and,
the Employee (X) complies with the Company’s sub-certification requirements that have
been implemented to ensure compliance with the Sarbanes Oxley Act 2002 in form and
substance determined by the Company in its complete discretion, and (Y) signs and does
not revoke a Release, then the Employee shall receive the following severance benefits
from the Company:

	 	(i)	 	Severance Payment. The Employee shall receive a lump-sum
severance payment (less applicable tax withholding) equal to twenty
four (24) months of the Employee’s Base
Salary plus an amount equal to 200% of
his Target Bonus for the fiscal year in which the Change of Control or the Employee’s termination occurs,
whichever is greater.
	 
	 	(ii)	 	Equity Awards. All of the Employee’s then-outstanding
equity awards covering shares of the Company’s common stock (“Equity
Awards”) shall vest one hundred percent (100%) as of the date of
termination.
	 
	 	(iii)	 	Additional Severance Payment. If the Employee is covered
by the Company health care plan, the Employee shall receive a cash payment equal
to twelve (12) multiplied by the cost of a single month of COBRA coverage at the
rates in effect on the date of termination. If such coverage included the
Employee’s dependents immediately prior to the Employee’s termination of
employment with the Company, such payment shall also include the cost of COBRA
coverage for the Employee’s dependents.

-3-

 

	 	(iv)	 	Special Termination. Notwithstanding the foregoing, if
the Employee’s employment is terminated by the Company without Cause prior to
the Change of Control Date but on or after a Potential Change of Control Date,
then the Company will provide to the Employee the payments and benefits as
provided in Section 3(c), in lieu of Section 3(b); provided, however, that if
the Company reasonably demonstrates that the Employee’s termination of
employment (X) was not at the request of a third party who has taken steps
reasonably calculated to effect a Change of Control, and (Y) would have occurred
absent the Change of Control, then Section 3(b) shall apply in lieu of Section
3(c). Solely for purposes of determining the timing of payments and the
provision of benefits under the circumstances described in this Section
3(c)(iv), the Employee’s date of termination shall be deemed to be the Change of
Control Date.

	 	(d)	 	Timing of Severance Payments. Other than with respect to the payments
made under Section 3(a), the severance payments to which the Employee is entitled will
be subject to the Employee signing and not revoking the Release and provided that such
Release is effective within sixty (60) days following the termination of employment.
Such payments will be made to the Employee in cash and in full, not later than seven
(7) calendar days after the effective date of any Release. In the event the termination
occurs at a time during the calendar year where it would be possible for the Release to
become effective in the calendar year following the calendar year in which the
Employee’s termination occurs, any severance that would be considered Deferred
Compensation Separation Benefits (as defined in Section 3(g)) will be paid on the first
payroll date to occur during the calendar year following the calendar year in which
such termination occurs, or such later time as required by the payment schedule
applicable to each payment or benefit, or Section 3(g).
	 
	 	(e)	 	Voluntary Resignation; Termination for Cause, Death or Disability. If
the Employee’s employment with the Company terminates (i) voluntarily by the Employee
other than for Good Reason or Disability, (ii) for Cause by the Company, or (iii)
pursuant to the Employee’s death or Disability, then the Employee shall not be entitled
to receive severance or other benefits except for those (if any) as may then be
established under the Company’s then existing severance and benefits plans and
practices or pursuant to other written agreements with the Company.
	 
	 	(f)	 	Exclusive Remedy. In the event of a termination of the Employee’s
employment, the provisions of this Section 3 are intended to be and are exclusive and
in lieu of any other rights or remedies to which the Employee or the Company may
otherwise be entitled, whether at law, tort or contract, in equity, or under this
Agreement. The Employee shall be entitled to no benefits, compensation or other
payments or rights upon termination of employment other than those benefits expressly
set forth in this Section 3.
	 
	 	(g)	 	Code Section 409A.

	 	(i)	 	Notwithstanding anything to the contrary in this Agreement, if
the Employee is a “specified employee” within the meaning of Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”) and the final
regulations and any guidance promulgated thereunder (“Section 409A”) at
the time of the Employee’s termination (other than due to death) or resignation,
then the severance payable to the Employee, if any, pursuant to this Agreement,
when considered together with any other severance payments or separation
benefits that are considered deferred compensation under Section 409A (together,
the “Deferred Compensation Separation Benefits”)

-4-

 

	 	 	 	that are payable within the first six (6) months following the Employee’s
termination of employment, will become payable on the first payroll date that
occurs on or after the date six (6) months and one (1) day following the date
of the Employee’s termination of employment. All subsequent Deferred
Compensation Separation Benefits, if any, will be payable in accordance with
the payment schedule applicable to each payment or benefit. Notwithstanding
anything herein to the contrary, if the Employee dies following his or her
termination but prior to the six (6) month anniversary of his or her
termination, then any payments delayed in accordance with this paragraph will
be payable in a lump sum as soon as administratively practicable after the
date of the Employee’s death and all other Deferred Compensation Separation
Benefits will be payable in accordance with the payment schedule applicable
to each payment or benefit. Each payment and benefit payable under this
Agreement is intended to constitute a separate payment for purposes of
Section 1.409A-2(b)(2) of the Treasury Regulations.

	 	(ii)	 	Any amount paid under this Agreement that satisfies the
requirements of the “short-term deferral” rule set forth in Section
1.409A-1(b)(4) of the Treasury Regulations shall not constitute Deferred
Compensation Separation Benefits for purposes of clause (i) above.
	 
	 	(iii)	 	Any amount paid under this Agreement that qualifies as a payment
made as a result of an involuntary separation from service pursuant to Section
1.409A-1(b)(9)(iii) of the Treasury Regulations that do not exceed the Section
409A Limit shall not constitute Deferred Compensation Separation Benefits for
purposes of clause (i) above. “Section 409A Limit” will mean the lesser
of two (2) times: (i) the Employee’s annualized compensation based upon the
annual rate of pay paid to the Employee during the Employee’s taxable year
preceding the Employee’s taxable year of the Employee’s termination of
employment as determined under, and with such adjustments as are set forth in,
Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service
guidance issued with respect thereto; or (ii) the maximum amount that may be
taken into account under a qualified plan pursuant to Section 401(a)(17) of the
Code for the year in which the Employee’s employment is terminated.
	 
	 	(iv)	 	The foregoing provisions are intended to comply with the
requirements of Section 409A so that none of the severance payments and benefits
to be provided hereunder will be subject to the additional tax imposed under
Section 409A, and any ambiguities herein will be interpreted to so comply. The
Company and the Employee agree to work together in good faith to consider
amendments to this Agreement and to take such reasonable actions which are
necessary, appropriate or desirable to avoid imposition of any additional tax or
income recognition prior to actual payment to the Employee under Section 409A.

	4.	 	Treatment of Performance-Based Equity. Upon the occurrence of a Change of Control,
all of the Employee’s outstanding Equity Awards scheduled to vest based on performance shall
convert to be awards with time-based vesting. As of the date of the Change of Control, the
awards will be vested as to the extent that they would have been vested if they had been
granted originally with a four year time-based vesting schedule with annual vesting. The
vesting of such Equity Awards will continue after the Change of Control, assuming continuous
service, based upon the same time-based vesting schedule. To the extent that such Equity
Awards are not fully vested at the 18-month anniversary of the Change of Control, on such 18
month anniversary they will be 100% vested. The acceleration

-5-

 

	 	 	provisions of Section 3 will govern any terminations of employment prior to the 18-month
anniversary of the Change of Control.

	5.	 	Golden Parachute Excise Tax Best Results. In the event that the severance and other
benefits provided for in this agreement or otherwise payable to the Employee (X) constitute
“parachute payments” within the meaning of Code Section 280G, and (Y) would be subject to the
excise tax imposed by Section 4999 of the Code, then such benefits shall be either:

	 	(a)	 	delivered in full, or
	 
	 	(b)	 	delivered as to such lesser extent which would result in no portion of such
severance benefits being subject to excise tax under Section 4999 of the Code,
whichever of the foregoing amounts, taking into account the applicable federal, state
and local income and employment taxes and the excise tax imposed by Section 4999,
results in the receipt by the Employee, on an after-tax basis, of the greatest amount
of benefits, notwithstanding that all or some portion of such benefits may be taxable
under Section 4999 of the Code. Unless the Company and the Employee otherwise agree in
writing, the determination of the Employee’s excise tax liability and the amount
required to be paid under this Section 5 shall be made in writing by a
nationally-recognized independent accounting firm selected by the Company (the
“Accountants”). For purposes of making the calculations required by this
Section 5, the Accountants may make reasonable assumptions and approximations
concerning applicable taxes and may rely on reasonable, good faith interpretations
concerning the application of Sections 280G and 4999 of the Code. The Company and the
Employee shall furnish to the Accountants such information and documents as the
Accountants may reasonably request in order to make a determination under this Section.
The Company shall bear all costs the Accountants may reasonably incur in connection
with any calculations contemplated by this Section 5. Any reduction in payments and/or
benefits required by this Section 5 shall occur in the following order: (1) reduction
of cash payments; (2) reduction of acceleration of vesting of equity awards; and (3)
reduction of other benefits paid to the Employee. In the event that acceleration of
vesting of equity awards is to be reduced, such acceleration of vesting shall be
cancelled in the reverse order of the date of grant for the Employee’s equity awards.

	6.	 	Definition of Terms. The following terms referred to in this Agreement shall have the
following meanings:

	 	(a)	 	Base Salary. Base Salary means:

	 	(i)	 	with respect to payments set forth in Section 3(c) above, the
rate of annual base salary paid to the Employee immediately prior to a Change of
Control, provided that such amount shall in no event be less than the highest
rate of annual base salary paid to the Employee during the one (1) year period
immediately prior to the Change of Control; or
	 
	 	(ii)	 	with respect to payments set forth in Section 3(b) above, the
rate of annual base salary paid to the Employee immediately prior to the
termination of the Employee’s employment, provided that such amount shall in no
event be less than the highest rate of annual base salary paid to the Employee
during the one (1) year period immediately prior to the termination of
employment.

	 	(b)	 	Cause. Cause means:

-6-

 

	 	(i)	 	The Employee’s commission of an act of material fraud or
dishonesty against the Company;
	 
	 	(ii)	 	Any intentional refusal or willful failure to carry out the
reasonable instructions of the Chief Executive Officer or the Board of
Directors;
	 
	 	(iii)	 	The Employee’s conviction of, guilty plea or “no contest” plea
to a felony or to a misdemeanor involving moral turpitude. Moral turpitude means
so extreme a departure from ordinary standards of honesty, good morals, justice,
or ethics as to be shocking to the moral sense of the community;
	 
	 	(iv)	 	The Employee’s gross misconduct in connection with the
performance of his or her duties;
	 
	 	(v)	 	The Employee’s improper disclosure of confidential information or
violation of material Company policy or the Company code of ethics;
	 
	 	(vi)	 	The Employee’s breach of his or her fiduciary duty to the
Company; or
	 
	 	(vii)	 	The Employee’s failure to cooperate with the Company in any
investigation or formal proceeding or the Employee being found liable in a
Securities and Exchange Commission enforcement action or otherwise being
disqualified from serving in his or her role.

	 	(c)	 	Change of Control. Change of Control means the occurrence of any of the
following, in one or a series of related transactions:

	 	(i)	 	Change in ownership of the Company;
	 
	 	(ii)	 	Change in effective control of the Company; or
	 
	 	(iii)	 	Change in the ownership of a substantial portion of the
Company’s assets (with an asset value change in ownership exceeding more than
50% of the total gross fair market value replacing the 40% default rule);

	 	 	 	all as defined under Code Section 409A and the final Treasury Regulations thereunder.

	 	(d)	 	Change of Control Date. Change of Control Date means the date on which
a Change of Control occurs.
	 
	 	(e)	 	Disability. Disability means:

	 	(i)	 	the Employee has been incapacitated by bodily injury, illness or
disease so as to be prevented thereby from engaging in the performance of the
Employee’s duties;
	 
	 	(ii)	 	such total incapacity shall have continued for a period of six
(6) consecutive months; and
	 
	 	(iii)	 	such incapacity will, in the opinion of a qualified physician,
be permanent and continuous during the remainder of the Employee’s life.

-7-

 

	 	(f)	 	Change of Control Period Good Reason. During the Change of Control
Period, Good Reason means any of the following that occur without the Employee’s
consent:

	 	(i)	 	a material reduction of the Employee’s Base Salary below the
amount set forth in his or her offer letter agreement or as increased during the
course of his or her employment with the Company;
	 
	 	(ii)	 	a material reduction in the Employee’s Target Bonus below the
amount set forth in the offer letter agreement or as increased during the course
of his or her employment with the Company;
	 
	 	(iii)	 	a material reduction in the Employee’s duties, authority,
reporting relationship or responsibilities, including:

	 	(1)	 	the assignment of responsibilities, duties,
reporting relationship or position that are not at least the substantial
functional equivalent of the Employee’s position occupied immediately
preceding the Change of Control, including the assignment of
responsibilities, duties, reporting relationship or position that are
not in a substantive area that is consistent with the Employee’s
experience and the position occupied prior to the Change of Control; or
	 
	 	(2)	 	a material diminution in the budget and number of
subordinates over which the Employee retains authority;

	 	(iv)	 	requiring the Employee to relocate to a location more than
thirty-five (35) miles from his or her then current office location;
	 
	 	(v)	 	material violation of material term of any employment, severance,
or change of control agreement between the Employee and the Company; or
	 
	 	(vi)	 	failure by successor entity to assume agreement.

	 	 	 	provided, however, that Good Reason shall not exist unless the Employee has provided
the Company with written notice of the purported grounds for such Good Reason within
ninety (90) days of its initial existence and such purported grounds, after good
faith negotiations, are not cured within thirty (30) days of the Company’s receipt of
such written notice.

	 	(g)	 	Non-Change of Control Period Good Reason. Other than during the Change
of Control Period, Good Reason means any of the following that occur without the
Employee’s consent:

	 	(i)	 	a material reduction of the Employee’s Base Salary below the
amount set forth in his or her offer letter agreement or as increased during the
course of his or her employment with the Company, excluding any reduction
generally applicable to senior executives;
	 
	 	(ii)	 	a material reduction in the Employee’s Target Bonus below the
amount set forth in his or her offer letter agreement or as increased during the
course of employment with the Company, excluding any reduction generally
applicable to senior executives;
	 
	 	(iii)	 	a material reduction in the Employee’s title;

-8-

 

	 	(iv)	 	a material reduction in the Employee’s duties or
responsibilities; or
	 
	 	(v)	 	requiring the Employee to relocate to a location more than
thirty-five (35) miles from his or her then current office location,

	 	 	 	provided, however, that Good Reason shall not exist unless the Employee has provided
the Company with written notice of the purported grounds for such Good Reason within
ninety (90) days of its initial existence and such purported grounds, after good
faith negotiations, are not cured within thirty (30) days of the Company’s receipt of
such written notice.

	 	(h)	 	Potential Change of Control. Potential Change of Control means the
earliest to occur of

	 	(i)	 	the execution of a definitive agreement or letter of intent, in
which the consummation of the transactions described would result in a Change of
Control;
	 
	 	(ii)	 	the approval by the Board of a transaction or series of
transactions, the consummation of which would result in a Change of Control; or
	 
	 	(iii)	 	the public announcement of a tender offer for the Company’s
voting stock, the completion of which would result in a Change of Control;

	 	 	 	provided, that no such event shall be a “Potential Change of Control” unless

	 	(iv)	 	in the case of any agreement or letter of intent described in
clause (i), the transaction described therein is subsequently consummated by the
Company and the other party or parties to such agreement or letter of intent and
thereupon constitutes a “Change of Control”;
	 
	 	(v)	 	in the case of any Board-approved transaction described in clause
(ii), the transaction so approved is subsequently consummated and thereupon
constitutes a “Change of Control”; or
	 
	 	(vi)	 	in the case of any tender offer described in clause (iii), such
tender offer is subsequently completed and such completion thereupon constitutes
a “Change of Control”.

	 	(i)	 	Potential Change of Control Date. Potential Change of Control Date
means the date on which a Potential Change of Control occurs.
	 
	 	(j)	 	Target Bonus. Target Bonus means the bonus amount (percentage
multiplied by salary or dollar figure) established for the Employee by the Compensation
Committee or other party with the authority to establish such bonus amount.

	7.	 	Successors.

	 	(a)	 	The Company’s Successors. Any successor to the Company (whether direct
or indirect and whether by purchase, merger, consolidation, liquidation or otherwise),
shall assume the obligations under this Agreement and agree expressly to perform the
obligations under this Agreement in the same manner and to the same extent as the
Company would be required to perform such obligations in the absence of a succession.
For all purposes under this Agreement, the term “Company” shall include any successor
to the Company’s business

-9-

 

	 	 	 	and/or assets which executes and delivers the assumption agreement described in this
Section 7(a) or which becomes bound by the terms of this Agreement by operation of
law.

	 	(b)	 	The Employee’s Successors. The terms of this Agreement and all rights
of the Employee hereunder shall inure to the benefit of, and be enforceable by, the
Employee’s personal or legal representatives, executors, administrators, successors,
heirs, distributees, devisees and legatees.

	8.	 	Notice.

	 	(a)	 	General. All notices and other communications required or permitted
hereunder shall be in writing, shall be effective when given, and shall in any event be
deemed to be given upon receipt or, if earlier, (a) five (5) days after deposit with
the U.S. Postal Service or other applicable postal service, if delivered by registered
mail, postage prepaid, (b) upon delivery, if delivered by hand, (c) one (1) business
day after the business day of deposit with Federal Express or similar overnight
courier, freight prepaid, or (d) one (1) business day after the business day of
facsimile transmission, if delivered by facsimile transmission with copy by first class
mail, postage prepaid, and shall be addressed (i) if to the Employee, at his or her
last known residential address, and (ii) if to the Company, at the address of its
principal corporate offices (attention: General Counsel), or in any such case at such
other address as a party may designate by ten (10) days’ advance written notice to the
other party pursuant to the provisions above.
	 
	 	(b)	 	Notice of Termination. Any termination by the Company for Cause or
resignation by the Employee voluntarily or for Good Reason shall be communicated by a
notice of termination to the other party hereto given in accordance with Section 8(a)
of this Agreement. Such notice shall indicate the specific termination provision in
this Agreement relied upon, shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination under the provision so
indicated, and shall specify the termination date (which shall be not more than thirty
(30) days after the giving of such notice). The failure by the Employee to include in
the notice any fact or circumstance which contributes to a showing of Good Reason shall
not waive any right of the Employee hereunder or preclude the Employee from asserting
such fact or circumstance in enforcing his or her rights hereunder.

	9.	 	Miscellaneous Provisions.

	 	(a)	 	Confidentiality. The Employee shall retain in confidence under the
conditions of the Company’s confidentiality agreement with the Employee any proprietary
or other confidential information known to the Employee concerning the Company and its
business so long as such information is not publicly disclosed and disclosure is not
required by an order of any governmental body or court. If required, the Employee shall
return to the Company any memoranda, documents or other materials proprietary to the
Company. The Employee shall be specifically required to continue to comply with the
terms of any Employee Inventions and Proprietary Rights Assignment Agreement including
its provisions regarding the use of the Company’s trade secrets and/or confidential
information to directly or indirectly request, induce or attempt to influence any past,
current or future customer of the Company, or any current or future supplier of goods
or services to the Company, to avoid, curtail or cancel any business it transacts with
the Company and such agreement is hereby incorporated by reference.

-10-

 

	 	(b)	 	Non-Solicitation. While employed by the Company and for a period of two
(2) years following the termination of such employment after a Change of Control, the
Employee shall not directly or indirectly request, induce or attempt to influence any
current or future employee of, or independent contractor or consultant to, the Company
to terminate his or her employment with or services to the Company.
	 
	 	(c)	 	The Employee acknowledges that a breach of any of the covenants contained in
Sections 9(a) and (b) may result in material irreparable injury to the Company for
which there is no adequate remedy at law, that it may not be possible to measure
damages for such injuries precisely and that, in the event of such a breach, any
payments remaining under the terms of this Agreement shall cease and the Company may be
entitled to obtain a restraining order and/or an injunction restraining the Employee
from engaging in activities prohibited by these Sections 9(a) and (b) or such other
relief as may be required to specifically enforce any of the covenants in these
Sections 9(a) and (b). This Section 9(c) shall survive any termination of this
Agreement.
	 
	 	(d)	 	Conflict in Benefits; Nonduplication of Benefits.

	 	(i)	 	No Limitation of Regular Benefit Plans. Except as
provided in Section 9(d)(ii) below, this Agreement is not intended to and shall
not affect, limit or terminate any plans, programs, or arrangements of the
Company that are regularly made available to a significant number of employees
or officers of the Company, including, without limitation, the Company’s stock
option plans.
	 
	 	(ii)	 	Nonduplication of Benefits. The Employee may not
accumulate cash severance payments, and/or equity vesting under both this
Agreement and another plan or policy of the Company. If the Employee has any
other binding written agreement with the Company which provides that upon a
termination of employment or change of control the Employee shall receive
termination or change of control benefits, then the Employee’s execution of this
Agreement is a complete and unconditional waiver of such rights to such
benefits. If the Employee is entitled to any payments or benefits by operation
of a statute or government regulations, any severance payable pursuant to this
Agreement will be reduced by such payments or benefits.

	 	(e)	 	No Duty to Mitigate. The Employee shall not be required to mitigate
the amount of any payment contemplated by this Agreement, nor shall any such payment be
reduced by any earnings that the Employee may receive from any other source.
	 
	 	(f)	 	Waiver. No provision of this Agreement shall be modified, waived or
discharged unless the modification, waiver or discharge is agreed to in writing and
signed by the Employee and by an authorized officer of the Company (other than the
Employee). No waiver by either party of any breach of, or of compliance with, any
condition or provision of this Agreement by the other party shall be considered a
waiver of any other condition or provision or of the same condition or provision at
another time.
	 
	 	(g)	 	Headings. All captions and section headings used in this Agreement are
for convenient reference only and do not form a part of this Agreement.
	 
	 	(h)	 	Entire Agreement. This Agreement constitutes the entire agreement of
the parties hereto and supersedes in their entirety all prior representations,
understandings, undertakings or agreements (whether oral or written and whether
expressed or implied) of the parties, and

-11-

 

	 	 	 	shall specifically supersede any severance payment provisions of any Offer Letter
entered into between the Employee and Company, and this Agreement with respect to the
subject matter hereof.

	 	(i)	 	No Oral Modification. This Agreement may only be amended in writing
signed by the Employee and the Chair of the Compensation
Committee of the Company’s board of directors or his or her
designee.
	 
	 	(j)	 	Choice of Law. The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of California.
The Superior Court of Santa Clara County and/or the United States District Court for
the Northern District of California shall have exclusive jurisdiction and venue over
all controversies in connection with this Agreement. Any provision in this Agreement
which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective only to the extent of such prohibition or unenforceability
without invalidating or affecting the remaining provisions hereof in such jurisdiction,
and any such prohibition or unenforceability in any jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction.
	 
	 	(k)	 	Arbitration. Any dispute, controversy or claim between the parties
arising out of or relating to this Agreement (whether based in contract or tort, in law
or equity), or any breach or asserted breach thereof, shall be determined and settled
exclusively by arbitration in San Jose, California, in accordance with the rules for
dispute resolution of JAMS. Judgment on the award may be entered in any court of
competent jurisdiction. Notwithstanding this Section 9(k), the parties may apply to any
court of competent jurisdiction for a temporary restraining order, preliminary
injunction or other interim or provisional relief as may be necessary, without breach
of this Agreement and without abridgment of the powers of the arbitrator. The parties
hereby submit themselves to the Superior Court of California in and for the County of
Santa Clara as the sole and exclusive venue for the purpose of enforcing this
Agreement. This Section 9(k) shall survive any termination of this Agreement.
	 
	 	(l)	 	Severability. The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of any
other provision hereof, which shall remain in full force and effect.
	 
	 	(m)	 	Withholding. All payments made pursuant to this Agreement will be
subject to withholding of applicable income and employment taxes.
	 
	 	(n)	 	Counterparts. This Agreement may be executed in counterparts, each of
which shall be deemed an original, but all of which together will constitute one and
the same instrument.

     IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the day and year set forth below.

	 	 	 	 	 	 	 	 	 	 	 
	McAFEE, INC.  	 	DAVID G. DEWALT 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Leslie G. Denend 	 	 	 	Signature: 	 	/s/ David G. DeWalt 	 	 
	 	 

	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:

	 	Director 	 	 	 	Date:	 	1/17/09 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date:
	 	1-26-09 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 

-12-

 

EXHIBIT A

McAFEE, INC.

RELEASE OF CLAIMS

     This Release of Claims (“Agreement”) is made by and between McAfee, Inc. (the “Company”), and
                                         (“Employee”).

     WHEREAS, Employee has agreed to enter into a release of claims in favor of the Company upon
certain events specified in the Change of Control and Retention Agreement by and between Company
and Employee (the “Change of Control Agreement”);

     NOW, THEREFORE, in consideration of the mutual promises made herein, the Parties hereby agree
as follows:

     1. Termination. Employee’s employment from the Company terminated on                                         .

     2. Confidential Information. Employee shall retain in confidence under the conditions
of the Company’s confidentiality agreement with Employee any proprietary or other confidential
information known to Employee concerning the Company and its business so long as such information
is not publicly disclosed and disclosure is not required by an order of any governmental body or
court. If required, Employee shall return to the Company any memoranda, documents or other
materials proprietary to the Company. Employee shall be specifically required to continue to comply
with the terms of any Employee Inventions and Proprietary Rights Assignment Agreement and such
agreement is hereby incorporated by reference.

     3. Payment of Salary. Employee acknowledges and represents that the Company has paid
all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to
Employee.

     4. Release of Claims. Except as set forth in the last paragraph of this Section 4,
Employee agrees that the foregoing consideration represents settlement in full of all outstanding
obligations owed to Employee by the Company. Employee, on behalf of him- or herself, and Employee’s
respective heirs, family members, executors and assigns, hereby fully and forever releases the
Company and its past, present and future officers, agents, directors, employees, investors,
shareholders, administrators, affiliates, divisions, subsidiaries, parents, predecessor and
successor corporations, and assigns, from, and agrees not to sue or otherwise institute or cause to
be instituted any legal or administrative proceedings concerning any claim, duty, obligation or
cause of action relating to any matters of any kind, whether presently known or unknown, suspected
or unsuspected, that Employee may possess arising from any omissions, acts or facts that have
occurred up until and including the Effective Date of this Agreement including, without limitation,

          (a) any and all claims relating to or arising from Employee’s employment relationship with the
Company and the termination of that relationship;

          (b) any and all claims relating to, or arising from, Employee’s right to purchase, or actual
purchase of shares of stock of the Company, including, without limitation, any claims for fraud,
misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law,
and securities fraud under any state or federal law;

A-1 

 

          (c) any and all claims for wrongful discharge of employment; termination in violation of
public policy; discrimination; breach of contract, both express and implied; breach of a covenant
of good faith and fair dealing, both express and implied; promissory estoppel; negligent or
intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent
or intentional interference with contract or prospective economic advantage; unfair business
practices; defamation; libel; slander; negligence; personal injury; assault; battery; invasion of
privacy; false imprisonment; and conversion;

          (d) any and all claims for violation of any federal, state or municipal statute, including,
but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the
Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the Fair
Labor Standards Act, the Employee Retirement Income Security Act of 1974, The Worker Adjustment and
Retraining Notification Act, the California Fair Employment and Housing Act, and Labor Code section
201, et seq. and section 970, et seq. and all amendments to each such Act as well as the
regulations issued thereunder;

          (e) any and all claims for violation of the federal, or any state, constitution;

          (f) any and all claims arising out of any other laws and regulations relating to employment or
employment discrimination; and

          (g) any and all claims for attorneys’ fees and costs.

     Employee agrees that the release set forth in this section shall be and remain in effect in
all respects as a complete general release as to the matters released. This release does not extend
to any severance obligations due Employee under the Change of Control and Retention Agreement.
Nothing in this Agreement waives Employee’s rights to indemnification or any payments under any
fiduciary insurance policy, if any, provided by any act or agreement of the Company, state or
federal law or policy of insurance.

     5. Acknowledgment of Waiver of Claims under ADEA. Employee acknowledges that Employee
is waiving and releasing any rights Employee may have under the Age Discrimination in Employment
Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. Employee and the
Company agree that this waiver and release does not apply to any rights or claims that may arise
under the ADEA after the Effective Date of this Agreement. Employee acknowledges that the
consideration given for this waiver and release Agreement is in addition to anything of value to
which Employee was already entitled. Employee further acknowledges that Employee has been advised
by this writing that (a) Employee should consult with an attorney prior to executing this
Agreement; (b) Employee has at least twenty-one (21) days within which to consider this Agreement;
(c) Employee has seven (7) days following the execution of this Agreement by the parties to revoke
the Agreement; (d) this Agreement shall not be effective until the revocation period has expired;
and (e) nothing in this Agreement prevents or precludes Employee from challenging or seeking a
determination in good faith of the validity of this waiver under the ADEA, nor does it impose any
condition precedent, penalties or costs for doing so, unless specifically authorized by federal
law. Any revocation should be in writing and delivered to the Vice-President of Human Resources at
the Company by close of business on the seventh day from the date that Employee signs this
Agreement.

     6. Civil Code Section 1542. Employee represents that Employee is not aware of any
claims against the Company other than the claims that are released by this Agreement. Employee
acknowledges that Employee has been advised by legal counsel and is familiar with the provisions of
California Civil Code 1542, below, which provides as follows:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES
NOT KNOW OR SUSPECT TO EXIST IN

A-2 

 

HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN
BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH
THE DEBTOR.

          Employee, being aware of said code section, agrees to expressly waive any rights Employee may
have thereunder, as well as under any statute or common law principles of similar effect.

     7. No Pending or Future Lawsuits. Employee represents that Employee has no lawsuits,
claims, or actions pending in Employee’s name, or on behalf of any other person or entity, against
the Company or any other person or entity referred to herein. Employee also represents that
Employee does not intend to bring any claims on Employee’s own behalf or on behalf of any other
person or entity against the Company or any other person or entity referred to herein.

     8. Application for Employment. Employee understands and agrees that, as a condition of
this Agreement, Employee shall not be entitled to any employment with the Company, its
subsidiaries, or any successor, and Employee hereby waives any right, or alleged right, of
employment or re-employment with the Company.

     9. No Cooperation. Employee agrees that Employee will not counsel or assist any
attorneys or their clients in the presentation or prosecution of any disputes, differences,
grievances, claims, charges, or complaints by any third party against the Company and/or any
officer, director, employee, agent, representative, shareholder or attorney of the Company, unless
under a subpoena or other court order to do so.

     10. No Admission of Liability. No action taken by the Company, either previously or in
connection with this Agreement shall be deemed or construed to be (a) an admission of the truth or
falsity of any claims heretofore made, or (b) an acknowledgment or admission by the Company of any
fault or liability whatsoever to the Employee or to any third party.

     11. Costs. The Parties shall each bear their own costs, expert fees, attorneys’ fees
and other fees incurred in connection with this Agreement.

     12. Authority. Employee represents and warrants that Employee has the capacity to act
on Employee’s own behalf and on behalf of all who might claim through him to bind them to the terms
and conditions of this Agreement.

     13. No Representations. Employee represents that Employee has had the opportunity to
consult with an attorney, and has carefully read and understands the scope and effect of the
provisions of this Agreement. Neither party has relied upon any representations or statements made
by the other party hereto which are not specifically set forth in this Agreement.

     14. Severability. In the event that any provision hereof becomes or is declared by a
court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue
in full force and effect without said provision.

     15. Entire Agreement. This Agreement, along with the Change of Control Agreement, the
Employee Inventions and Proprietary Rights Assignment Agreement, and Employee’s written Equity
Award agreements with the Company, represents the entire agreement and understanding between the
Company and Employee concerning Employee’s separation from the Company.

A-3 

 

     16. No
Oral Modification. This Agreement may only be amended in writing signed by
Employee and the Chair of the Compensation Committee of the Company’s board
of directors or his or her designee.

     17. Governing Law. This Agreement shall be governed by the internal substantive laws,
but not the choice of law rules, of the State of California and its enforceability shall be subject
to Section 9(k) of the Change of Control Agreement.

     18. Effective Date. This Agreement is effective eight (8) days after it has been
signed by both Parties.

     19. Counterparts. This Agreement may be executed in counterparts, and each counterpart
shall have the same force and effect as an original and shall constitute an effective, binding
agreement on the part of each of the undersigned.

     20. Voluntary Execution of Agreement. This Agreement is executed voluntarily and
without any duress or undue influence on the part or behalf of the Parties hereto, with the full
intent of releasing all claims. The Parties acknowledge that:

          (a) They have read this Agreement;

          (b) They have had the opportunity of being represented in the preparation, negotiation, and
execution of this Agreement by legal counsel of their own choice or that they have voluntarily
declined to seek such counsel;

          (c) They understand the terms and consequences of this Agreement and of the releases it
contains; and

          (d) They are fully aware of the legal and binding effect of this Agreement.

A-4 

 

     IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth
below.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	McAFEE, INC.
	 
	 	 	 	 	 	 
	Dated:                     , 20  

	 	 
	 	By
	 	 

	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	                                        , an individual
	 
	 	 	 	 	 	 
	Dated:                     , 20  

	 	 	 	 	 	 

A-5

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