Document:

Exhibit 10.1

MAXIMUS, INC.

1997 Equity Incentive Plan

(as amended through March 22, 2006)

Section 1. Purpose

The purpose of the MAXIMUS, Inc. 1997 Equity
Incentive Plan is to attract and retain key employees and consultants of the
Company and its Affiliates, to provide an incentive for them to achieve
long-range performance goals, and to enable them to participate in the
long-term growth of the Company.

Section 2. Definitions

“Affiliate” means any business entity that directly,
or indirectly through one or more intermediaries, controls, is controlled by or
is under common control with the Company. For purposes hereof, “control” (and
with correlative meanings, the terms “controlled by” and “under common control
with”) shall mean the possession of the power to direct or cause the direction
of the management and policies of the Company, whether through the ownership of
voting stock, by contract or otherwise. In the case of a corporation “control”
shall mean, among other things, the direct or indirect ownership of more than
fifty percent (50%) of its outstanding voting stock.

“Award” means any Option, Stock Appreciation Right,
Performance Share, Restricted Stock, Stock Unit or Other Stock-Based Award
awarded under the Plan.

“Board” means the Board of Directors of the Company.

“Code” means the Internal Revenue Code of 1986, as
amended from time to time, and any successor to such Code.

“Committee” means a committee of not less than two
members of the Board appointed by the Board to administer the Plan, each of
whom is a “Non-Employee Director” within the meaning of Rule 16b-3
under the Securities Exchange Act of 1934 or any successor provision, as
applicable to the Company at the time (“Rule 16b-3”); provided,
however, that until such committee is appointed, “Committee” means the
Board.

“Common Stock” or “Stock” means the common stock of
the Company.

“Company” means MAXIMUS, Inc.

“Designated Beneficiary” means the beneficiary
designated by a Participant, in a manner determined by the Committee, to
receive amounts due or exercise rights of the Participant in the event of the
Participant’s death. In the absence of an effective designation by a
Participant, “Designated Beneficiary” shall mean the Participant’s estate.

“Effective Date” means January 31, 1997.

“Fair Market Value” means, with respect to Common
Stock or any other property, the fair market value of such property as
determined by the Committee in good faith or in the manner established by the
Committee from time to time.

“Incentive Stock Option” means an option to purchase
shares of Common Stock awarded to a Participant under Section 6 that is
intended to meet the requirements of Section 422 of the Code or any
successor provision.

“Nonstatutory Stock Option” means an option to
purchase shares of Common Stock awarded to a Participant under Section 6
that is not intended to be an Incentive Stock Option.

“Option” means an Incentive Stock Option or a
Nonstatutory Stock Option.

 

“Other Stock-Based Award” means an Award, other than
an Option, Stock Appreciation Right, Performance Share, Restricted Stock or
Stock Unit, having a Common Stock element and awarded to a Participant under Section 11.

“Participant” means a person selected by the Committee
to receive an Award under the Plan.

“Performance Cycle” or “Cycle” means the period of
time selected by the Committee during which performance is measured for the
purpose of determining the extent to which an award of Performance Shares has
been earned.

“Performance Shares” mean shares of Common Stock,
which may be earned by the achievement of performance goals, awarded to a
Participant under Section 8.

“Reporting Person” means a person subject to Section 16
of the Securities Exchange Act of 1934 or any successor provision.

“Restricted Period” means the period of time during
which an Award may be forfeited to the Company pursuant to the terms and
conditions of such Award.

“Restricted Stock” means shares of Common Stock
subject to forfeiture awarded to a Participant under Section 9.

“Stock Appreciation Right” or “SAR” means a right to
receive any excess in value of shares of Common Stock over the exercise price
awarded to a Participant under Section 7.

“Stock Unit” means an award of Common Stock or units
that are valued in whole or in part by reference to, or otherwise based on, the
value of Common Stock, awarded to a Participant under Section 10.

Section 3. Administration

The Plan shall be administered by the Committee. The
Committee shall have authority to adopt, alter and repeal such administrative
rules, guidelines and practices governing the operation of the Plan as it shall
from time to time consider advisable, and to interpret the provisions of the
Plan. The Committee’s decisions shall be final and binding. To the extent
permitted by applicable law, the Committee may delegate to one or more
executive officers of the Company the power to make Awards to Participants who
are not Reporting Persons and all determinations under the Plan with respect
thereto, provided that the Committee shall fix the maximum amount of such
Awards for all such Participants and a maximum for any one Participant.

Section 4. Eligibility

All employees and, in the case of Awards other than
Incentive Stock Options, outside directors and consultants of the Company or
any Affiliate, capable of contributing significantly to the successful
performance of the Company are eligible to be Participants in the Plan. Incentive
Stock Options may be awarded only to persons eligible to receive such Options
under the Code.

Section 5. Stock Available
for Awards

(a)  Subject to adjustment under subsection (b),
Awards may be made under the Plan for up to 8,000,000 shares of Common Stock. If
any Award in respect of shares of Common Stock expires or is terminated
unexercised or is forfeited without the Participant having had the benefits of
ownership (other than voting rights), the shares subject to such Award, to the
extent of such expiration, termination or forfeiture, shall again be available
for award under the Plan. Common Stock issued through the assumption or
substitution of outstanding grants from an acquired company shall not reduce
the shares available for Awards under the Plan. Shares issued under the Plan
may consist in whole or in part of authorized but unissued shares or treasury
shares.

  2
 
  
 

 

(b)  If the Committee determines that any stock
dividend, extraordinary cash dividend, creation of a class of equity
securities, recapitalization, reorganization, merger, consolidation, split-up,
spin-off, combination, exchange of shares, warrants or rights offering to
purchase Common Stock at a price substantially below fair market value, or
other similar transaction affects the Common Stock such that an adjustment is
required in order to preserve the benefits or potential benefits intended to be
made available under the Plan, then the Committee (subject, in the case of
Incentive Stock Options, to any limitation required under the Code) shall
equitably adjust any or all of (i) the number and kind of shares in
respect of which Awards may be made under the Plan, (ii) the number and
kind of shares subject to outstanding Awards, and (iii) the award,
exercise or conversion price with respect to any of the foregoing, and if
considered appropriate, the Committee may make provision for a cash payment
with respect to an outstanding Award, provided that the number of shares
subject to any Award shall always be a whole number. However, except in the
case of a recapitalization of the Company, the exercise price of any Option
granted under the Plan may only be adjusted with the approval of the
shareholders of the Company at an annual or special meeting thereof.

Section 6. Stock Options

(a)  Subject to the provisions of the Plan, the
Committee may award Incentive Stock Options and Nonstatutory Stock Options and
determine the number of shares to be covered by each Option, the option price
therefor and the conditions and limitations applicable to the exercise of the
Option. The terms and conditions of Incentive Stock Options shall be subject to
and comply with Section 422 of the Code or any successor provision and any
regulations thereunder, and no Incentive Stock Option may be granted hereunder
more than ten years after the Effective Date.

(b)  The Committee shall establish the option price
at the time each Option is awarded, which price shall not be less than 100% of
the Fair Market Value of the Common Stock on the date of award with respect to
Incentive Stock Options and Nonstatutory Stock Options.

(c)  Each Option shall be exercisable at such times
and subject to such terms and conditions as the Committee may specify in the
applicable Award or thereafter. However, no Nonstatutory Stock Option shall be
granted which is exercisable, in whole or in part, more than ten years from the
date of grant of such Nonstatutory Stock Option. The Committee may impose such
conditions with respect to the exercise of Options, including conditions
relating to applicable federal or state securities laws, as it considers
necessary or advisable.

(d)  No shares shall be delivered pursuant to any
exercise of an Option until payment in full of the option price therefor is
received by the Company. Such payment may be made in whole or in part in cash
or, to the extent permitted by the Committee at or after the award of the
Option, by delivery of a note or shares of Common Stock owned by the optionee,
including Restricted Stock, or by retaining shares otherwise issuable pursuant
to the Option, in each case valued at their Fair Market Value on the date of
delivery or retention, or such other lawful consideration as the Committee may
determine.

(e)  The Committee may provide that, subject to
such conditions as it considers appropriate, upon the delivery or retention of
shares to the Company in payment of an Option, the Participant automatically be
awarded an Option for up to the number of shares so delivered.

Section 7. Stock
Appreciation Rights

(a)  Subject to the provisions of the Plan, the
Committee may award SARs in tandem with an Option (at or after the award of the
Option), or alone and unrelated to an Option. SARs in tandem with an Option shall
terminate to the extent that the related Option is exercised, and the related
Option shall terminate to the extent that the tandem SARs are exercised. SARs
granted in tandem with Options shall have an exercise price not less than the
exercise price of the related Option. SARs granted alone and unrelated to an
Option may be granted at such exercise prices
as the Committee may determine.

(b)           An SAR related to an Option, which
SAR can only be exercised upon or during limited periods following a change in
control of the Company, may entitle the Participant to receive an amount based
upon the highest price paid or offered for Common Stock in any transaction
relating to the change in control or paid during

  3
 
  
 

 

the
thirty-day period immediately preceding the occurrence of the change in control
in any transaction reported in the stock market in which the Common Stock is
normally traded.

Section 8. Performance
Shares

(a)  Subject to the provisions of the Plan, the
Committee may award Performance Shares and determine the number of such shares
for each Performance Cycle and the duration of each Performance Cycle. There
may be more than one Performance Cycle in existence at any one time, and the
duration of Performance Cycles may differ from each other. The payment value of
Performance Shares shall be equal to the Fair Market Value of the Common Stock
on the date the Performance Shares are earned or, in the discretion of the
Committee, on the date the Committee determines that the Performance Shares
have been earned.

(b)  The committee shall establish performance
goals for each Cycle, for the purpose of determining the extent to which
Performance Shares awarded for such Cycle are earned, on the basis of such
criteria and to accomplish such objectives as the Committee may from time to
time select. During any Cycle, the Committee may adjust the performance goals
for such Cycle as it deems equitable in recognition of unusual or non-recurring
events affecting the Company, changes in applicable tax laws or accounting
principles, or such other factors as the Committee may determine.

(c)  As soon as practicable after the end of a
Performance Cycle, the Committee shall determine the number of Performance
Shares that have been earned on the basis of performance in relation to the
established performance goals. The payment values of earned Performance Shares
shall be distributed to the Participant or, if the Participant has died, to the
Participant’s Designated Beneficiary, as soon as practicable thereafter. The
Committee shall determine, at or after the time of award, whether payment
values will be settled in whole or in part in cash or other property, including
Common Stock or Awards.

Section 9. Restricted Stock

(a)  Subject to the provisions of the Plan, the
Committee may award shares of Restricted Stock and determine the duration of
the Restricted Period during which, and the conditions under which, the shares
may be forfeited to the Company and the other terms and conditions of such
Awards. Shares of Restricted Stock may be issued for no cash consideration or
such minimum consideration as may be required by applicable law.

(b)  Shares of Restricted Stock may not be sold,
assigned, transferred, pledged or otherwise encumbered, except as permitted by
the Committee, during the Restricted Period. Shares of Restricted Stock shall
be evidenced in such manner as the Committee may determine. Any certificates
issued in respect of shares of Restricted Stock shall be registered in the name
of the Participant and unless otherwise determined by the Committee, deposited
by the Participant, together with a stock power endorsed in blank, with the
Company. At the expiration of the Restricted Period, the Company shall deliver
such certificates to the Participant or if the Participant has died, to the
Participant’s Designated Beneficiary.

Section 10. Stock Units

(a)  Subject to the provisions of the Plan, the
Committee may award Stock Units subject to such terms, restrictions,
conditions, performance criteria, vesting requirements and payment rules as
the Committee shall determine.

(b)  Shares of Common Stock awarded in connection
with a Stock Unit Award shall be issued for no cash consideration or such
minimum consideration as may be required by applicable law.

Section 11. Other Stock-Based Awards

(a)  Subject to the provisions of the Plan, the
Committee may make other awards of Common Stock and other awards that are
valued in whole or in part by reference to, or are otherwise based on, Common
Stock, including without limitation convertible preferred stock, convertible
debentures, exchangeable securities and

  4
 
  
 

 

Common
Stock awards or options. Other Stock-Based Awards may be granted either alone
or in tandem with other Awards granted under the Plan and/or cash awards made
outside of the Plan.

(b)  The Committee may establish performance goals,
which may be based on performance goals related to book value, subsidiary
performance or such other criteria as the Committee may determine, Restricted
Periods, Performance Cycles, conversion prices, maturities and security, if any,
for any Other Stock-Based Award. Other Stock-Based Awards may be sold to
Participants at the face value thereof or any discount therefrom or awarded for
no consideration or such minimum consideration as may be required by applicable
law.

Section 12. General
Provisions Applicable to Awards

(a)  Limitations on Transferability. Options
shall not be transferable by the recipient other than by will or the laws of
descent and distribution and are exercisable during such person’s lifetime only
by such person or by such person’s guardian or legal representative; provided
that the Committee may in its discretion waive such restriction in any case.

(b)  Documentation. Each
Award under the Plan shall be evidenced by a writing delivered to the
Participant specifying the terms and conditions thereof and containing such
other terms and conditions not inconsistent with the provisions of the Plan as
the Committee considers necessary or advisable to achieve the purposes of the
Plan or to comply with applicable tax and regulatory laws and accounting
principles.

(c)  Committee Discretion. Each
type of Award may be made alone, in addition to or in relation to any other
type of Award. The terms of each type of Award need not be identical, and the
Committee need not treat Participants uniformly. Except as otherwise provided
by the Plan or a particular Award, any determination with respect to an Award
may be made by the Committee at the time of award or at any time thereafter.

(d)  Settlement. The
Committee shall determine whether Awards are settled in whole or in part in
cash, Common Stock, other securities of the Company, Awards or other property.
The Committee may permit a Participant to defer all or any portion of a payment
under the Plan, including the crediting of interest on deferred amounts
denominated in cash and dividend equivalents on amounts denominated in Common
Stock.

(e)  Dividends and Cash Awards. In
the discretion of the Committee, any Award under the Plan may provide the
Participant with (i) dividends or dividend equivalents payable currently
or deferred with or without interest, and (ii) cash payments in lieu of or
in addition to an Award.

(f)   Termination of Employment. The
Committee shall determine the effect on an Award of the disability, death,
retirement or other termination of employment of a Participant and the extent
to which, and the period during which, the Participant’s legal representative,
guardian or Designated Beneficiary may receive payment of an Award or exercise
rights thereunder.

(g)  Change in Control. In
order to preserve a Participant’s rights under an Award in the event of a
change in control of the Company, the Committee in its discretion may, at the
time an Award is made or at any time thereafter, take one or more of the
following actions: (i) provide for the acceleration of any time period
relating to the exercise or realization of the Award, (ii) provide for the
purchase of the Award upon the Participant’s request for an amount of cash or
other property that could have been received upon the exercise or realization
of the Award had the Award been currently exercisable or payable, (iii) adjust
the terms of the Award in a manner determined by the Committee to reflect the
change in control, (iv) cause the Award to be assumed, or new rights
substituted therefor, by another entity, or (v) make such other provision
as the Committee may consider equitable and in the best interests of the
Company.

(h)  Loans. The Committee
may authorize the making of loans or cash payments to Participants in
connection with any Award under the Plan, which loans may be secured by any
security, including Common Stock, underlying or related to such Award (provided
that such Loan shall not exceed the Fair Market Value of the security subject
to such Award), and which may be forgiven upon such terms and conditions as the
Committee may establish at the time of such loan or at any time thereafter.

  5
 
  
 

 

(i)   Withholding Taxes. The
Participant shall pay to the Company, or make provision satisfactory to the
Committee for payment of, any taxes required by law to be withheld in respect
of Options under the Plan no later than the date of the event creating the tax
liability. The Company and its Affiliates may, to the extent permitted by law,
deduct any such tax obligations from any payment of any kind otherwise due to
the Participant. In the Committee’s discretion, the Participant may pay any
taxes due with respect to an Option in whole or in part in shares of Common
Stock, including shares retained from the Option creating the tax obligation,
valued at their Fair Market Value on the date of retention or delivery.

(j)   Foreign Nationals. Awards
may be made to Participants who are foreign nationals or employed outside the
United States on such terms and conditions different from those specified in
the Plan as the Committee considers necessary or advisable to achieve the
purposes of the Plan or to comply with applicable laws.

(k)  Amendment of Award. The
Committee may amend, modify or terminate any outstanding Award, including
substituting therefor another Award of the same or a different type, changing
the date of exercise or realization and converting an Incentive Stock Option to
a Nonstatutory Stock Option, provided that the Participant’s consent to such
action shall be required unless the Committee determines that the action,
taking into account any related action, would not materially and adversely
affect the Participant. Notwithstanding the
foregoing, except in the case of a recapitalization of the Company, the
Committee shall obtain shareholder approval to: (i) amend the terms of any
outstanding options under the Plan to provide an option exercise price per
share which is lower than the then-current exercise price per share of such
outstanding options or (ii) cancel any outstanding options under the Plan
and grant in substitution therefor new options under the Plan covering the same
or different numbers of shares of Common Stock and having an option exercise
price per share lower than the exercise price per share of the cancelled
options.

Section 13. Miscellaneous

(a)  Limitation on Number of Shares
Granted. Notwithstanding any other provision of the Plan, the
aggregate number of shares of Common Stock subject to Options and SARs that may
be granted within any fiscal year to any one Eligible Person under the Plan
shall not exceed that number of shares equal to 20% of the total number of
shares reserved for issuance under the Plan, except for grants to new hires
during the fiscal year of hiring which shall not exceed that number of shares
equal to 30% of the total number of shares reserved for issuance under the
Plan.

(b)  No Right To Employment. No
person shall have any claim or right to be granted an Award, and the grant of
an Award shall not be construed as giving a Participant the right to continued
employment. The Company expressly reserves the right at any time to dismiss a
Participant free from any liability or claim under the Plan, except as
expressly provided in the applicable Award.

(c)  No Rights As Stockholder. Subject
to the provisions of the applicable Award, no Participant or Designated
Beneficiary shall have any rights as a stockholder with respect to any shares
of Common Stock to be distributed under the Plan until he or she becomes the
holder thereof. A Participant to whom Common Stock is awarded shall be
considered the holder of the Stock at the time of the Award except as otherwise
provided in the applicable Award.

(d)  Effective Date. Subject
to the approval of the stockholders of the Company, the Plan shall be effective
on the Effective Date. Before such approval, Awards may be made under the Plan
expressly subject to such approval.

(e)  Amendment of Plan. The
Board may amend, suspend or terminate the Plan or any portion thereof at any
time, subject to any stockholder approval that the Board determines to be
necessary or advisable.

(f)   Governing Law. The
provisions of the Plan shall be governed by and interpreted in accordance with
the laws of the Commonwealth of Virginia.

 

  6Exhibit 10.18

 

March 7, 2006

 

 

Mr. Jim Pekarsky

[ADDRESS]

 

 

Dear Jim:

 

I am
pleased to offer you a position with Monolithic System Technology, Inc. (“MoSys”
or the “Company”) as Chief Financial Officer, an exempt position in which you
will report directly to me. Your semimonthly compensation will be $8,333.33
dollars, which is equal to $200,000.00 annually.

 

In
addition, you will be granted an option to purchase 300,000 shares of the
Company’s common stock, subject to approval by the Compensation Committee of
the Board and your execution of the Company’s standard Stock Option Agreement.
The terms of such option shall be in accordance with the terms of the Company’s
stock option plan. Accordingly, the options will vest 25% at the end of one
year of employment and 2.0833% per month thereafter. The per share exercise
price of the option shall be the fair market value of the Company’s common
stock on the date of grant as determined by the Compensation Committee.

 

Upon
the commencement of your employment, the Company will enter into a
Change-in-Control agreement with you, a copy of which is attached for your
reference.

 

You
will also be eligible to participate in the Company’s employee benefit plans
including our standard major medical, dental, life, short and long term
disability, vision, flexible benefit plan, paid holidays, personal time off
(PTO) and the Company’s 401(k) plan.

 

You
should be aware that your employment with the Company is for no specified
period and constitutes at will employment. As a result, you are free to resign
at any time, for any reason or for no reason. Similarly, the Company is free to
conclude its employment relationship with you at any time, with or without
cause.

 

For
purposes of federal immigration law, you will be required to provide to the
Company documentary evidence of your identity and eligibility for employment in
the United States. Such documentation must be provided to us within three (3) business
days of your date of hire, or our employment relationship with you may be
terminated.

 

In the
event of any dispute or claim relating to or arising out of our employment
relationship, you and the Company agree that all such disputes shall be fully
and finally resolved by binding arbitration conducted in Santa Clara County,
California. However, we agree that this arbitration provision shall not apply
to any disputes or claims relating to or arising out of the misuse or

 

 

misappropriation of the
Company’s trade secrets or proprietary information.

 

To
indicate your acceptance of the Company’s offer, please sign and date this
letter in the space provided below and return it to Human Resources. This
letter, along with the agreement relating to proprietary rights between you and
the Company, set forth the terms of your employment with the Company and
supersede any prior representations or agreements, whether written or oral. This
letter may not be modified or amended except by a written agreement,
signed by the Company and by you.

 

Jim, we
believe that you can make a great contribution to Mosys and we all look forward
to working with you.

 

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  \s\ Chet
  Silvestri

  	
   

  
	
   

  	
  Chet Silvestri

  
	
   

  	
  Chief Executive
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
  ACCEPTED AND
  AGREED TO

  	
   

  
	
  This 7th day of
  March, 2006

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  \s\ Jim Pekarsky

  	
   

  	
   

  
	
  Jim Pekarsky

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Start date: March 20, 2006

  	
   

  
				

 

 

MUTUAL
AGREEMENT TO ARBITRATE CLAIMS

 

I recognize that differences may arise between Monolithic System
Technology, Inc. (“the Company”) and me during or following my employment
with the Company, and that those differences may or may not be
related to my employment. I understand and agree that by entering into this
Mutual Agreement to Arbitrate Claims (“Agreement”), I anticipate gaining the
benefits of a speedy, impartial, final and binding dispute-resolution procedure.
The promises by the Company and by me to arbitrate differences, rather than
litigate them before courts or other bodies, provide consideration for each
other. I understand and agree that the Company is engaged in transactions
involving interstate commerce. Except as provided in this Agreement, the
Federal Arbitration Act shall govern the interpretation, enforcement and all
proceedings pursuant to this Agreement. To the extent that the Federal
Arbitration Act is inapplicable, or held not to require arbitration of a
particular claim or claims, state law pertaining to agreements to arbitrate
shall apply.

 

The Company and I mutually consent to the resolution by arbitration of
all claims or controversies (“claims”), past, present or future, whether or not
arising out of my employment (or its termination), that the Company may have
against me or that I may have against any of the following (1) the
Company, (2) its officers, directors, employees or agents in their
capacity as such or otherwise, (3) the Company’s parent, subsidiary and affiliated
entities, (4) the Company’s benefit plans or the plans’ sponsors,
fiduciaries, administrators, affiliates and agents, and/or (5) all
successors and assigns of any of them.

 

Claims Not Covered by the Agreement

 

Claims for workers’ compensation or unemployment compensation benefits
are not covered by this Agreement. Also not covered are claims by the Company
or by me for temporary restraining orders or preliminary injunctions (“temporary
equitable relief”) in cases in which such temporary equitable relief would be
otherwise authorized by law. Such resort to temporary equitable relief shall be
pending and in aid of arbitration only, and in such cases the trial on the
merits of the action will occur in front of, and will be decided by, the
Arbitrator, who will have the same ability to order legal or equitable remedies
as could a court of general jurisdiction.

 

Arbitration Procedures

 

The arbitration will be held under the auspices of a sponsoring
organization, either the American Arbitration Association (“AAA”) or Judicial
Arbitration & Mediation Services (“J·A·M·S”), with the designation of
the sponsoring organization to be made by the party who did not initiate the
claim. The Company and I agree that, except as provided in this Agreement, the
arbitration shall be in accordance with the sponsoring organization’s
then-current employment arbitration rules/procedures.

 

Judicial Review

 

Either party may bring an action in any court of competent
jurisdiction to compel arbitration under this Agreement, to enforce an
arbitration award and/or to appeal an arbitration award.

 

1

 

Sole and Entire Agreement

 

This is the complete agreement of the parties on the subject of
arbitration of disputes (except for any arbitration agreement in connection
with any pension or benefit plan). This Agreement supersedes any prior or
contemporaneous oral or written understandings on the subject. No party is
relying on any representations, oral or written, on the subject of the effect, enforceability
or meaning of this Agreement, except as specifically set forth in this
Agreement. This Agreement to arbitrate shall survive the termination of my
employment and the expiration of any benefit plan.

 

Construction

 

If any provision of this Agreement is adjudged to be void or otherwise
unenforceable, in whole or in part, such adjudication shall not affect the
validity of the remainder of the Agreement. All other provisions shall remain
in full force and effect.

 

Voluntary Agreement

 

I ACKNOWLEDGE THAT I HAVE CAREFULLY READ THIS AGREEMENT, THAT I
UNDERSTAND ITS TERMS, THAT ALL UNDERSTANDINGS AND AGREEMENTS BETWEEN THE
COMPANY AND ME RELATING TO THE SUBJECTS COVERED IN THE AGREEMENT ARE CONTAINED
IN IT, AND THAT I HAVE ENTERED INTO THE AGREEMENT VOLUNTARILY AND NOT IN
RELIANCE ON ANY PROMISES OR REPRESENTATIONS BY THE COMPANY OTHER THAN THOSE
CONTAINED IN THIS AGREEMENT ITSELF. I UNDERSTAND THAT BY SIGNING THIS AGREEMENT
I AM GIVING UP MY RIGHT TO A JURY TRIAL.

 

Employee
initials:               

 

I
FURTHER ACKNOWLEDGE THAT I HAVE BEEN GIVEN THE OPPORTUNITY TO DISCUSS THIS
AGREEMENT WITH MY PRIVATE LEGAL COUNSEL AND HAVE AVAILED MYSELF OF THAT
OPPORTUNITY TO THE EXTENT I WISH TO DO SO.

 

 

	
  Employee

  	
  Monolithic System Technology, Inc.

  
	
   

  	
   

  
	
  \s\Jim Pekarsky

  	
   

  	
  \s\ Chet Silvestri

  	
   

  
	
  Jim Pekarsky

  	
  Chet Silvestri

  
	
   

  	
   

  
	
   

  	
  CEO

  
	
   

  	
   

  
	
   

  	
   

  
	
  3/20/2006

  	
   

  	
  3/20/2006

  	
   

  
	
  Date

  	
  Date

  
						

 

2

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