Document:

Exhibit 10.2

FORM OF
EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the “Agreement”)
is made and entered into as of this 5th day of September 2007 by and between MarkWest
Hydrocarbon, Inc., a Delaware corporation, having its principal executive
offices in Denver, Colorado (the “Company”) and                                   ,
residing in                   ,
Colorado (the “Executive”).

WHEREAS, the Company derives its revenue
and value through its natural gas liquids and gas marketing activities and
through its ownership in MarkWest Energy Partners, L.P. (the “Partnership”),
a publicly traded Delaware master limited partnership engaged in the gathering,
transportation and processing of natural gas, the transportation and
fractionation and storage of NGLs, and the gathering and transportation of
crude oil;

WHEREAS, the Company’s ownership interest
in the Partnership consists of ownership of an approximately 17% limited
partner interest in MarkWest Energy Partners, L.P., and ownership of
approximately 89.7% of MarkWest Energy GP, L.L.C. (the “GP”), the
Partnership’s general partner;

WHEREAS, the Company and GP have entered
into a services agreement (the “Services Agreement”) pursuant to which
the Company acts in a management capacity providing day-to-day operational,
business and asset management, accounting, information services, personnel, and
related administrative services to the Partnership;

WHEREAS, the Executive is currently serving
as                                                      
of the Company, and in such capacity provides services to or on behalf of the
Company and its affiliates, and to the Partnership and its affiliates pursuant
to the Services Agreement; and

WHEREAS, the Company and the Executive
mutually desire to formalize the employment arrangement of the Executive and to
agree upon the terms of the Executive’s employment as the                                                       
of the Company and, in addition, to agree as to certain benefits of said
employment.

NOW, THEREFORE, in consideration of the
mutual promises and agreements set forth below, the Company and the Executive
hereby agree as follows:

 

1.             TERM OF EMPLOYMENT: 
Subject to the terms of this Agreement, the Company hereby continues the
employment of the Executive, and the Executive hereby accepts such continuing
employment, effective September 5, 2007 (the “Effective Date”), for a
period of three years, subject to earlier termination as provided in Paragraph
4, herein (the “Term”); provided, however, that the Term will automatically
be extended by twelve months on the third anniversary of the Effective Date and
on each anniversary of the Effective Date thereafter, unless one party to this
Agreement provides written notice of non-renewal to the other party at least 30
days prior to the effective date of such automatic extension.  The consequences of termination of employment
to each party are as set forth in this Agreement.  Portions of this Agreement that by their
terms provide or imply that they survive the end of the Term shall survive the
end of the Term.

2.             POSITION AND DUTIES:

a.             Position:  During
the Term, the Executive shall serve as                                                              
of the Company and shall have such duties, responsibilities, and authority as
are customarily required of and given to the                                                       
of a public mid-stream energy company. 
The Executive shall report directly to the Company’s Chief Executive
Officer and shall perform his or her duties and responsibilities primarily at
the Company’s offices in Denver, Colorado.

b.             Commitment of the Executive:  During the Term, the Executive shall devote
substantially Executive’s full business time, energy, and ability to the
business of the Company, the Partnership, and their respective affiliates.  As used in this Agreement, the term “Affiliate”
means, with respect to any entity, any other entity that directly or indirectly
controls, is controlled by, or is under common control with such first entity.

c.             Other Positions and Services:  The Executive may (i) with the prior written
approval of the Company’s Board of Directors (the “Board”), which
approval shall not be unreasonably withheld or delayed, serve as a director or
trustee of other for profit corporations or businesses, provided, that
if a directorship is approved and the Board later determines (A) that the
directorship would violate Paragraph 7 of this Agreement, or (B) that that the
Board no longer approves of the directorship, which approval shall not be
unreasonably withdrawn, it shall notify the Executive in writing and the
Executive shall resign such directorship within a reasonable period of time,
(ii) serve on civic or charitable boards or committees, and (iii) deliver
lectures, fulfill speaking engagements, or teach at educational institutions
(and retain any fees therefrom); provided, however, that the
Executive may not engage in any of the activities described in this Paragraph
2(c) to the extent such activities interfere materially with the performance of
the Executive’s duties and responsibilities to the Company.

d.             Investments:  Except
as may otherwise be permitted by this Agreement, without the prior express
authorization of the Board, the Executive shall not, during the Term, directly
or indirectly render services of a business, professional, or commercial nature
to any other person or firm, whether for compensation or otherwise.  Notwithstanding the foregoing, the Executive
may be an investor, shareholder, joint venturer, or partner in any such
business (hereinafter referred to as “Investor”); provided, that
Executive’s status as an Investor shall not

 

(i) pose a
conflict of interest with regard to Executive’s employment, (ii) require the
Executive’s active involvement in the management or operation of such
Investment (recognizing that the Executive shall be permitted to monitor and
oversee the Investment), or (iii) interfere materially with the performance of
the Executive’s duties and obligations hereunder.  For the purposes of clause (i) of the
preceding sentence, the Executive shall not be deemed to be subject to a
conflict of interest merely by reason of the ownership of less than five
percent (5%) of (i) the outstanding stock of any entity whose stock is traded
on an established stock exchange or on the National Association of Securities
Dealers Automated Quotation System, or (ii) the outstanding stock, partnership
interests or other form of equity interest of any venture fund, investment pool
or similar investment vehicle.

e.             No Conflict:  The
Executive represents and warrants that, to the best of Executive’s knowledge
after the review of Executive’s personal files, he has the full right and
authority to enter into this Agreement and to render the services as required
under this Agreement, and that by signing this Agreement and rendering such
services he is not breaching any contract or legal obligation he owes to any
third party.

3.             COMPENSATION AND BENEFITS: 
During the Term, while the Executive is employed by the Company, the
Company shall compensate the Executive for his or her services as set forth in
this Paragraph 3.  The Executive
recognizes that during the Term of the Agreement, the Company reserves the
right to change from time to time the terms and benefits of any retirement,
welfare or fringe benefit plan of the Company, including the right to change
any service provider, so long as such changes are also applicable generally to
all executives of the Company.

a.             Salary:  During the
Term, the Company shall pay the Executive a base salary at an annual rate of                             
(the “Base Salary”).  Base Salary
shall be earned and shall be payable in periodic installments in accordance
with the Company’s payroll practices. 
Amounts payable shall be reduced by standard withholding and other
authorized deductions.  The Compensation
Committee of the Board (the “Compensation Committee”) will review the
Executive’s salary at least annually and may adjust the Executive’s Base Salary
in its sole discretion.  Executive’s
salary as so adjusted shall thereafter be treated as Executive’s Base Salary
hereunder.

b.             Cash Bonus / Short-Term Incentives: The Executive shall be
eligible to receive bonuses/short-term cash incentives in accordance with the
Company’s cash bonus/short-term incentive program(s) for senior management, as
such program(s) may be modified from time to time.  All bonuses/short-term cash incentives shall
be paid in a manner that complies with the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”).

c.             Equity Compensation
Programs:

(i)            General.  The Executive shall be entitled to
participate in all equity compensation programs sponsored by the Company, the
Partnership, or their Affiliates (the “Equity Plans”).  The size and terms of any grants to be made
to Executive shall be established

 

by the Compensation Committee, or the Compensation
Committee of the Partnership, in their sole discretion.

(ii)           Change of Control.  All grants made under the Equity Plans
(including those made prior to the effective date of this Agreement) shall vest
in full immediately prior to the occurrence of a Change of Control.  For
purposes of this Agreement, a Change of Control shall mean the first to occur
of:

(A)          any “person” (as defined in Section
13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) other than (1) the Company or any Affiliate of the Company as of the
date of this Agreement, (2) any employee benefit plan of the Company or any
Affiliate of the Company, or (3) any person or entity organized, appointed or
established by the Company for or pursuant to the terms of any such plan which
acquires beneficial ownership of voting securities of the Company, is or
becomes the beneficial owner, directly or indirectly, of securities of the
Company representing 50% or more of the combined voting power of the Company’s
then outstanding securities.

(B)           the individual directors of the Board
on the effective date of this Agreement (“Incumbent Directors”) cease to
constitute at least two-thirds of the Board within any three (3) year
period.  For purposes of this paragraph, any new director whose election by the Board or
nomination for election by the Company’s stockholders was approved by a vote of
at least two-thirds of the Incumbent Directors shall be considered an
Incumbent Director.  However, no director
whose initial election to the Board occurs as a result of an actual or
threatened election contest with respect to the election or removal of director
or other actual or threatened solicitation of proxies or consents by or on
behalf or a person other than the Board shall be considered a Incumbent
Director;

(C)           consummation
of a reorganization, merger or consolidation of the Company (a “Business
Combination”), in each case, unless, following such Business Combination,
the individuals and entities who were the beneficial owners of outstanding
voting securities of the Company immediately prior to such Business Combination
beneficially own, by reason of such ownership of the Company’s voting
securities immediately before the Business Combination, directly or indirectly,
more than 50% of the combined voting
power of the then outstanding voting securities entitled to vote generally in
the election of directors of the company resulting from such Business
Combination (including, without limitation, a company which as a result of such
transaction owns the Company or all or substantially all of the Company’s
assets either directly or through one or more subsidiaries) in substantially
the same proportions as their ownership of the outstanding voting securities of
the Company immediately prior to such Business Combination; or

(D)          approval by the
stockholders of the Company of a complete liquidation or dissolution of the
Company.

(E)           any sale, lease,
exchange, or other transfer or disposition of all or substantially all of the
assets of the Partnership or the GP;

 

(F)           consummation of any
Business Combination with respect to the GP, unless, following such Business
Combination, the individuals and entities who were the beneficial owners of
outstanding voting securities of the GP as of the initial public offering of
securities in the Partnership, beneficially own, by reason of such ownership of
the GP’s voting securities, directly or indirectly, more than 50% of the combined voting power of the then outstanding
voting securities entitled to vote generally in the election of directors of
the company resulting from such Business Combination (including, without
limitation, a company which as a result of such transaction owns the GP or all
or substantially all of the GP’s assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership of the
outstanding voting securities of the GP as of the initial public offering of
securities in the Partnership; or

(G)           the general partner of
the Partnership (whether it be the GP or another entity) ceases to be an
Affiliate of the Company.

Notwithstanding
the foregoing subparagraphs (A) through (G), in no event shall any
transaction or series of transactions entered into between the Company, the
Partnership, the GP, or their respective Affiliates as of the date of this
Agreement or entities wholly owned by the forgoing, or changes associated
therewith, be considered a Change in Control.

d.             Retirement Plans: 
The Executive shall be entitled to participate in all retirement plans
applicable generally to other senior executives of the Company, in accordance
with the terms of such plans, as they may be amended from time to time.

e.             Welfare Benefit Plans: 
The Executive and Executive’s family, as the case may be, shall be
eligible to participate in and shall receive all benefits under the Company’s
welfare benefit plans and programs applicable generally to other senior executives
of the Company (collectively, as amended from time to time, the “Company
Plans”), in accordance with the terms of the Company Plans.

f.              Vacation and Sick Leave: 
Executive shall be entitled to paid vacation, sick leave, and paid time
off in accordance with the plans, policies, and programs in effect generally
with respect to other senior executives of the Company, including the
limitations, if any, on the carry-over of accrued but unused time.

g.             Expenses:  The
Company shall reimburse the Executive for reasonable expenses for cellular
telephone usage, entertainment, travel, meals, lodging, and similar items
incurred in the conduct of the Company’s business.  Such expenses shall be reimbursed in
accordance with the Company’s expense reimbursement policies and guidelines.

h.             Fringe Benefits and Perquisites.  Executive and Executive’s family, as the case
may be, shall be eligible for all other fringe benefits or perquisites offered
generally to senior executives of the Company (and their families, as applicable).

i.              Officers and Directors Liability Insurance; Indemnification:  During
Executive’s employment with the Company and thereafter so long as Executive may
have

 

 

liability arising out of Executive’s service as an officer or director of
the Company or any Affiliate, the Company agrees to continue and maintain a
director’s and officer’s liability insurance policy (“D&O Insurance”)
covering Executive in an amount that is reasonable and customary based on the
size and business activities of the Company, the Partnership, and their
Affiliates, and the authorities, power, responsibilities, and duties of
Executive.  To the fullest extent
permitted by the indemnification provisions of the Company’s governing
instruments in effect as of the date of this Agreement and the indemnification
provisions of the governing laws of the jurisdiction of the Company’s formation
in effect from time to time (collectively, the “Indemnification Provisions”),
and in each case subject to the conditions thereof, the Company shall (i)
indemnify the Executive, as a director (if applicable) and officer of the
Company or an Affiliate of the Company or a trustee or fiduciary of an employee
benefit plan of the Company or an Affiliate of the Company, or, if the
Executive shall be serving in such capacity at the Company’s request, as a
director or officer of any other entity (other than an Affiliate of the
Company) or as a trustee or fiduciary of an employee benefit plan not sponsored
by the Company or an Affiliate of the Company, against all liabilities and
reasonable expenses that may be incurred by the Executive in any threatened,
pending, or completed action, suit or proceeding, whether civil, criminal or
administrative, or investigative and whether formal or informal, because the
Executive is or was a director or officer of the Company or any Affiliate, a
director or officer of such other entity or a trustee or fiduciary of such
employee benefit plan, and against which the Executive may be indemnified by
the Company, and (ii) pay for or advance to Executive the reasonable expenses
incurred by the Executive in the defense of any proceeding to which the
Executive is a party because the Executive is or was a director or officer of
the Company or an Affiliate, a director or officer of such other entity or a
trustee or fiduciary of such employee benefit plan.  The rights of the Executive under the
Indemnification Provisions shall survive the termination of the employment of
the Executive by the Company.

4.             TERMINATION:  The
Executive’s employment with the Company during the Term may be terminated by
the Company or the Executive pursuant to this Paragraph 4, subject to the
provisions of Paragraph 5:

a.             Death
or Disability:  If the
Executive has a Disability (as defined below), the Company may give to the
Executive written notice of its intention to terminate the Executive’s
employment.  In such event, the Executive’s
employment with the Company shall terminate effective on the 30th day after
receipt of such notice by the Executive, provided that, within the 30-day
period after such receipt, the Executive shall not have returned to full-time
performance of the Executive’s material duties. 
For purposes of this Agreement, “Disability” shall mean any
physical or mental condition which prevents the Executive, for a period of 90
consecutive days, from performing and carrying out Executive’s material duties
and responsibilities with the Company, as determined under the Company’s
long-term disability plan.  The Executive’s
employment hereunder shall terminate automatically upon the Executive’s death.

b.             Cause:  The Company
may terminate this Agreement immediately upon written notice to the Executive
if, after the Executive is given an opportunity
to be heard by the Board and to present evidence on Executive’s behalf, a
formal determination is made by a majority of the directors on the Board and at
least two-thirds of the Board’s non-employee

 

directors, that the Executive should be terminated for “Cause”.  Any one or more of the following events shall
constitute “Cause”:

(i)            conviction of (or
pleading nolo contendere to) a
felony that is injurious to the business or reputation of the Company, the
Partnership, or their Affiliates;

(ii)           engaging in
intentional wrongdoing (including without limitation, theft, fraud,
embezzlement, or willful misappropriation of the funds or property of the
Company, the Partnership, or their Affiliates), or failure by Executive to
substantially adhere to the Company work rules, policies or procedures, that is
injurious to the business or reputation of the Company, the Partnership, or
their Affiliates, or breach of fiduciary duties for enrichment of the
Executive;

(iii)          illegal or prohibited treatment of or
relations with any employee, agent or consultant of the Company, the
Partnership, or their Affiliates or of any person with whom the Company, the
Partnership, or their Affiliates have a business relationship, in the form of
illegal or prohibited discrimination, harassment, abuse, assault or other
actions of a similar nature;

(iv)          Executive
has failed to perform substantially Executive’s material duties as contemplated
by Paragraph 2 above (other than such failure resulting from incapacity due to physical
or mental illness), which, for avoidance of doubt, shall include Executive’s
insubordination to his or her direct or indirect reports or to the Board, after
(i) a written demand for corrected performance is delivered to Executive by the
Board which identifies specifically the manners in which the Board believes
Executive has not performed substantially Executive’s material duties, and (ii)
Executive’s failure to cure such items identified in the Board’s letter within
30 days.

(v)           any
material breach of Executive’s obligations under this Agreement including, but
not limited to, a breach of Executive’s obligations under Paragraph 7;
provided, however, that in the event such breach is curable and is actually
cured within ten (10) days after written notice detailing the nature and facts
of such breach is delivered to Executive, the breach shall not be considered “Cause”
for Executive’s termination.

(vi)          engaging
in actions or behavior that bring Executive into public hatred, disrepute,
scorn, or ridicule, or shock, insult, or offend the community or public morals
or decency, in each case resulting in injury to the business or reputation of
the Company or inhibiting the ability of Executive to effectively represent
publicly the Company, the Partnership, or their Affiliates.

c.             Other than Death or Disability or Cause:  The Company may terminate the Executive’s
employment upon thirty (30) days written notice to the Executive at any time
and for any reason other than Death, Disability, or Cause.

d.             Termination by Executive: 
The Executive may terminate Executive’s employment upon thirty (30) days
written notice to the Company at any time and for any reason.

 

5.             OBLIGATIONS
OF THE COMPANY AND THE EXECUTIVE UPON TERMINATION:

a.             Death
or Disability:  If the
Executive’s employment is terminated by reason of the Executive’s death or
Disability during the Term, the Term shall end and the Company shall provide to
Executive or Executive’s legal representatives:

(i)
           payment of the sum of (A) any
Base Salary and bonus earned but not yet paid to the Executive through the date
of termination, and (B) any other compensation earned through the date of
termination but not yet paid or delivered to the Executive (“Accrued
Obligations”),

(ii)           the payments and benefits provided in
Paragraph 5(g),

(iii)
         payment to the Executive of a
lump sum equal to (A) 24 months of the Executive’s then current Base Salary,
(B) two (2) times the average annual bonus earned by the Executive for the two
most recently completed fiscal years, and (C) a pro-rata portion of the target
amount of the annual bonus for the fiscal year of termination, calculated based
on the portion of such fiscal year the Executive is employed.  The lump sum payment shall be made within
thirty (30) days of termination or, if the payment, or any portion thereof,
must be delayed to comply with Code Section 409A because the individual is a “specified
employee” as defined in Code Section 409A(a)(2)(B)(i), the payment, or the
portion so delayed, shall be made on the soonest date permissible without
triggering the additional tax due under Code Section 409A;

(iv)
         subject to Paragraph 3(c), the
accelerated vesting of each stock option or unit option, phantom unit,
restricted stock or restricted unit, or other equity incentive award granted
under the Equity Plans (or portion thereof) that would have otherwise vested
solely upon the Executive remaining in the continuous employment of the Company
for a period of twelve (12) months after the date of termination, and

(v)
          payment of all premiums for
properly elected group health plan continuation coverage for Executive and his
or her spouse and dependents pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1985 (“COBRA”) for the lesser of (A) the number of
months of Base Salary to be paid to Executive under subparagraph (iii)(A),
above, or (B) the duration of such COBRA coverage.  All such premiums shall be paid on the first
day of the month.  In addition, in the
event that payment of such premiums is taxable to executive, the Company shall
pay to Executive an amount, as and when such premiums are paid, such that after
taking into account all taxes due on the premiums and on the additional
payment, the Executive will be in the same economic position as he would have
been in had such premiums been non-taxable.

The
Company shall be obligated to make the foregoing payments and to provide the
foregoing benefits upon the Executive (or, if applicable, the Executive’s legal
representative) and the Company signing a mutual release (the “Release”)
of all claims (including claims by, on behalf of, or against the Partnership,
any Affiliates of the Partnership or the Company, and their

 

respective
directors, agents, employees, and assigns) in a form provided by the Company,
which release shall, if applicable, give the Executive appropriate
notifications under the Age Discrimination in Employment Act, as amended by the
Older Workers Benefit Protection Act, and which shall not affect (x) rights
under COBRA and (y) conversion rights under any applicable life insurance
policies.

b.             Termination for Cause: 
If the Executive’s employment is terminated by the Company for Cause,
the Term shall terminate without further obligations to the Executive under
this Agreement after the date of such termination, other than for (i) payment
of the Accrued Obligations, and (ii) the payments and benefits provided in
Paragraph 5(h).

c.             Other than Death or Disability or Cause:  If the Company terminates the Executive’s
employment during the Term for any reason other than Death, Disability, or
Cause, the Term shall end on the date of such termination and the Executive
shall, upon signing of a Release, be entitled to the payments, benefits and
other compensation provided above in Paragraph 5(a).

d.             Voluntary Termination by Executive:  If the Executive terminates his or her
employment without Good Reason, as defined below, the Term shall end and the
Company shall provide to Executive:

(i)            the Accrued Obligations

(ii)           the payments and benefits provided in
Paragraph 5(h)

(iii)          if the Executive’s total, aggregate
term of employment with the Company (notwithstanding any breaks in service)
exceeds one (1) year, then upon signing a Release, the Executive shall also
receive:

(A)          a lump sum payment equal to three (3)
months of the Executive’s then current Base Salary, which amount shall be paid
within ten (10) days of termination or, if the payment, or any portion thereof,
must be delayed to comply with Code Section 409A because the individual is a “specified
employee” as defined in Code Section 409A(a)(2)(B)(i), the payment, or the
portion so delayed, shall be made on the soonest date permissible without
triggering the additional tax due under Code Section 409A;

(B)           payment of all premiums for properly
elected COBRA coverage for Executive and his or her spouse and dependents for
the lesser of (A) the number of months of Base Salary to be paid to Executive
under subsection (d)(iii)(A), above, or (B) the duration of such COBRA
coverage.

e.             Termination by Executive for Good Reason:

 

(i)            In General.  If the Executive terminates his or her
employment for Good Reason, as defined below, the Term shall terminate on the
date of such termination and the Executive shall, upon signing a Release, be
entitled to the payments, benefits and other compensation provided above in
Paragraph 5(a).

(ii)           “Good Reason”.  For purposes of this Agreement, the Executive’s
termination of employment with the Company shall be on account of “Good Reason”
if it occurs for any of the following reasons: 
(A) any failure by the Company to comply with any of the provisions of
Paragraph 3 of this Agreement, including but not limited to the failure by the
Company to pay to the Executive any portion of his or her compensation in
violation of the provisions of Paragraph 3, other than an isolated,
insubstantial and inadvertent failure not occurring in bad faith and which is
remedied by the Company promptly after receipt of notice thereof given by the
Executive; (B) a material diminution in Base Salary or bonus opportunity not
related to performance or market conditions, other than which is remedied by
the Company within thirty (30) days after receipt of notice thereof given by
the Executive; (C) a material diminution in responsibility or authority other
than which is remedied by the Company within thirty (30) days after receipt of
notice thereof given by the Executive; (D) the forced relocation of Executive’s
principal place of employment to a location more than 50 miles from the
Executive’s then-current principal place of employment; or (E) the occurrence
of a Change of Control, provided that Executive voluntarily terminates his or
her employment within  twelve (12)
months of the Change of Control.

f.              Expiration of Term. 
In the event that the Term expires following the giving of notice of
non-renewal pursuant to Paragraph 2, above, then (i) if such notice was given
by the Company, the termination shall be deemed to be for “Other than Death or
Disability or Cause” and Executive shall, upon signing a Release, be entitled
to the payments, benefits, and other compensation provided in Paragraph 5(a)
above, and (ii) if such notice was given by the Executive, the termination
shall be deemed a “Voluntary Termination by Executive” and Executive shall,
upon signing a Release, be entitled to the payments, benefits, and other
compensation provided in Paragraph 5(d) above.

g.             General Partner Membership Interest:

(i)            Limited Application.  The provisions of Paragraph 5(g)(ii) below
shall apply solely in the event that the Company and the Partnership announce
formally to the public (whether through a press release or the filing of a
current report on Form 8-K) that they no longer intend to pursue the proposed
acquisition/business combination/restructuring transaction that was announced
formally to the public on February 21, 2007.

(ii)           Repurchase of General Partner
Membership Interest. Executive is hereby granted the option to elect at any
time, by written notice to the Company, to cause the Company to purchase all,
but not less than all of Executive’s Class B membership interest in MarkWest
Energy GP, L.L.C. at the price established pursuant to the formula set forth in
the GP LLC Agreement as of the delivery date of Executive’s election notice (“Election
Date”). If the Executive makes such election, the Company shall purchase
the Executive’s Class B membership interest within thirty (30) days following
the Election Date, such purchase price to

 

 

be paid, at
Company’s election, either (i) in full in cash by wire transfer of immediately
available funds; or (ii) by a combination of cash and of common units of the
Partnership, with a value for the common units as of the Election Date based on
the closing price of the Partnership’s common units for the twenty trading days
preceding the Election Date, with the combination of cash and Partnership
common units being equal to the price established pursuant to the formula set
forth in the GP LLC Agreement, provided that the value of the Partnership
common units cannot comprise more than 50% of the purchase price established
pursuant to the formula set forth in the GP LLC Agreement.

h.             Exclusive Remedy: 
Except for the payments and benefits provided in this Paragraph 5, and
under Paragraph 3(c), the Executive acknowledges and agrees that upon
termination of the Term, he shall have no other claims against, and shall be
entitled to no other payments or benefits from the Company under this Agreement
or pursuant to the Company’s policies and plans, other than (A) the Executive’s
rights under COBRA, (B) any conversion rights under any applicable life
insurance policies, (C) payment of any amounts due pursuant to the terms of any
equity-based plan of the Company or any welfare or retirement plan of the
Company as of the date of termination or which by their specific terms extend
beyond such date of termination, and (D) rights with respect to D&O
Insurance and/or the Indemnification Provisions.  The Executive and the Company have agreed
that Executive will not participate in either the MarkWest Hydrocarbon Inc.
1997 Severance Plan or the MarkWest Hydrocarbon, Inc. 2007 Severance Plan.  In lieu of participation in such Severance Plans,
the parties have agreed that the Executive will receive certain other payments
and benefits as set forth in this Agreement. 
In no event shall the Executive be obligated to seek other employment or
take any other action by way of mitigation of the amounts payable to the
Executive under any of the provisions of this Agreement and such amounts shall
not be reduced whether or not the Executive obtains other employment.

i.              Resignations:  On
and as of the date that the employment of the Executive by the Company shall
terminate for any reason, the Executive shall, if applicable, resign from his
or her position as a director and officer of the Company or the Partnership,
resign from all other positions he or she holds as a director, officer or
employee of any subsidiary or Affiliate of the Company or the Partnership, and
resign as a named fiduciary of any employee benefit plans sponsored by the
Company or the Partnership or their subsidiaries or Affiliates.

6.             280G
Provisions.

a.             Determination; Efficient Gross-Up:  If it is determined that any payment or
benefit provided to or for the benefit of the Executive (a “Payment”),
whether paid or payable or distributed or distributable pursuant to the terms
of this Agreement or otherwise, would be subject to the excise tax imposed by
Code section 4999 or any interest or penalties with respect to such excise tax
(such excise tax together with any such interest and penalties, shall be
referred to as the “Excise Tax”), then a calculation shall first be made
under which such payments or benefits provided to the Executive are reduced to
the extent necessary so that no portion thereof shall be subject to the Excise
Tax (the “4999 Limit”).  The Company
shall then compare (a) the Executive’s Net After-Tax Benefit (as defined below)
assuming application of the 4999 Limit with (b) the Executive’s Net After-Tax
Benefit without application of the 4999 Limit. 
“Net

 

After-Tax Benefit”
shall mean the sum of (i) all payments that Executive receives or is entitled
to receive that are contingent on a change in the ownership or effective
control of the Company or in the ownership of a substantial portion of the
assets of the Company within the meaning of Code section 280G(b)(2), less (ii)
the amount of federal, state, local, employment, and Excise Tax (if any)
imposed with respect to such payments. 
In the event (a) is greater than (b), Executive shall receive Payments
solely up to the 4999 Limit and Executive shall choose which payments shall be
reduced and the amount of the reduction of each payment.  In the event (b) is greater than (a), then
the Executive shall be entitled to receive all such Payments along with an
additional payment (a “Gross-Up Payment”) in an amount such that
after payment by the Executive of all taxes (including any interest or
penalties imposed with respect to such taxes), including, without limitation,
any income taxes (and any interest and penalties imposed with respect thereto)
and Excise Tax imposed upon the Gross-Up Payment, the Executive retains
an amount of the Gross-Up Payment equal to the Excise Tax imposed upon
the Payments.

b.             Calculations:  All determinations required under
this Paragraph 6, including the determination of whether a Payment is subject
to the Excise Tax or the amount of any required Gross-Up Payment, shall be made
by tax counsel, a nationally recognized certified public accounting firm not
serving as auditor for the Company, or another tax professional with experience
in such calculations, as selected by the Company and reasonably acceptable to
the Executive (the “Tax Professional”). 
The Tax Professional shall provide detailed supporting calculations for
its determinations both to the Company and the Executive within fifteen days of
receipt of any Payment, or such sooner period as may be requested by the
Company.  All costs relating to the Tax
Professional shall be borne exclusively by the Company.  Subject to Paragraph 6(d), below, any
determination by the Tax Professional shall be binding upon the Company and the
Executive.

c.             Payment of Gross-Up: 
Any Gross-Up Payment, as determined pursuant to this
Paragraph 6, shall be paid by the Company to the Executive within five
business days of the receipt of the Tax Professional’s determination, but in no
event later than the end of Executive’s taxable year next following the taxable
year in which the original Excise Tax on the Payments is remitted to the
Internal Revenue Service.  As a result of
the uncertainty in the application of Section 4999 of the Code at the time
of the initial determination by the Tax Professional hereunder, it is possible
that a Gross-Up Payment which will not have been made by the Company
should have been made (“Underpayment”). 
In the event that the Company exhausts its remedies pursuant to
Paragraph 6(d) and the Executive thereafter is required to make a payment
of any Excise Tax, the Tax Professional shall determine the amount of the
Underpayment that has occurred and any such Underpayment shall be promptly paid
by the Company to or for the benefit of the Executive, but in no event shall
such payment be made later than the end of Executive’s tax year following the
tax year in which the Excise Tax is remitted to the Internal Revenue Service.

d.             Tax Controversy: 
The Executive shall notify the Company in writing of any claim by the
Internal Revenue Service that, if successful, would require the payment by the
Company of an Underpayment.  Such
notification shall be given as soon as practicable but no later than ten
business days after the Executive is informed in writing of such claim and
shall apprise the Company of the nature of such claim and the date on which
such claim is requested to be paid.  The
Executive shall not pay such claim prior to the expiration of the thirty-day
period

 

following the date
on which it gives such notice to the Company (or such shorter period ending on
the date that any payment of taxes with respect to such claim is due).  If the Company notifies the Executive in
writing prior to the expiration of such period that it desires to contest such
claim, the Executive shall:

(i)            give the Company any information
reasonably requested by the Company relating to such claim,

(ii)           take such action in connection with
contesting such claim as the Company shall reasonably request in writing from
time to time, including, without limitation, accepting legal representation
with respect to such claim by an attorney reasonably selected by the Company,

(iii)          cooperate with the Company in good
faith in order effectively to contest such claim, and

(iv)          permit the Company to participate in
any proceedings relating to such claim;

provided, however,
that the Company shall bear and pay directly all costs and expenses (including
additional interest and penalties) incurred in connection with such contest and
shall indemnify and hold the Executive harmless, on an after-tax basis,
for any Excise Tax or income tax (including interest and penalties with respect
thereto) imposed as a result of such representation and payment of costs and
expenses.  Without limitation on the
foregoing provisions of this Paragraph 6(d), the Company shall control all
proceedings taken in connection with such contest and, at its sole option, may
pursue or forgo any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim and may, at its
sole option, either direct the Executive to pay the tax claimed and sue for a
refund or to contest the claim in any permissible manner, and the Executive
agrees to prosecute such contest to a determination before any administrative
tribunal, in a court of initial jurisdiction and in one or more appellate
courts, as the Company shall determine; provided, however, that if the Company
directs the Executive to pay such claim and sue for a refund, the Company shall
advance the amount of such payment to the Executive, on an interest-free
basis and shall indemnify and hold the Executive harmless, on an after-tax
basis, from any Excise Tax or income tax (including interest or penalties with
respect thereto) imposed with respect to such advance or with respect to any
imputed income with respect to such advance; and further provided that any
extension of the statute of limitations relating to payment of taxes for the
taxable year of the Executive with respect to which such contested amount is
claimed to be due is limited solely to such contested amount.  Furthermore, the Company’s control of the
contest shall be limited to issues with respect to which a Gross-Up
Payment would be payable hereunder and the Executive shall be entitled to
settle or contest, as the case may be, any other issue raised by the Internal
Revenue Service or any other taxing authority.

e.             Refunds; Etc.: If, after the receipt by the Executive of
an amount advanced by the Company pursuant to Section 6(d), the Executive
becomes entitled to receive any refund with respect to such claim, the
Executive shall (subject to the Company’s complying

 

with the
requirements of Section 6(d)) promptly pay to the Company the amount of
such refund (together with any interest paid or credited thereon after taxes applicable
thereto).  If, after the receipt by the
Executive of an amount advanced by the Company pursuant to Section 6(d), a
determination is made that the Executive shall not be entitled to any refund
with respect to such claim and the Company does not notify the Executive in
writing of its intent to contest such denial of refund prior to the expiration
of thirty days after such determination, then such advance shall be forgiven
and shall not be required to be repaid and the amount of such advance shall offset,
to the extent thereof, the amount of Underpayment required to be paid.

7.             CONFIDENTIAL INFORMATION; NON-COMPETITION, NON-SOLICITATION:

a.             Confidential
Information:  Except as
permitted or directed by the Board, during the Term or at any time thereafter,
Executive shall not divulge, furnish, make accessible to anyone, lay claim to,
attempt to lay claim to or use, or attempt to use, in any way (other than in
the ordinary course of the business of the Company) any confidential or secret
knowledge or information of the Company, the Partnership, or their respective
Affiliates (collectively the “MarkWest Parties”) that Executive has
acquired or become acquainted with or will acquire or become acquainted with
during the period of Executive’s employment by the Company, whether developed
by himself or by others, concerning any pricing information, trade secrets,
confidential or secret plans or material (whether or not patented or
patentable) directly or indirectly useful in any aspect of the business of the
MarkWest Parties, any customer or dealer lists of the MarkWest Parties, any
confidential or secret development of the MarkWest Parties, or any other
confidential information or secret aspects of the business of the MarkWest
Parties (collectively, “Confidential Information”).  Executive acknowledges that the Confidential
Information constitutes a unique and valuable asset of the MarkWest Parties and
represents a substantial investment of time and expense by the MarkWest
Parties, and that any disclosure or other use of the Confidential Information
other than for the sole benefit of the MarkWest Parties would be wrongful and
would cause irreparable harm to the MarkWest Parties.  Both during and after the Term, Executive
shall refrain from any acts or omissions that would reduce the value of the
Confidential Information.  The foregoing
obligations of confidentiality shall not apply to any knowledge or information
that is now published or that subsequently becomes generally publicly known in
the form in which it was obtained from the MarkWest Parties, other than as a
direct or indirect result of the breach of this Agreement by Executive; is
lawfully obtained by Executive from a third party, provided that Recipient did
not have actual knowledge that such third party was restricted or prohibited
from disclosing such information to Executive; or was independently developed
by Executive, without use of any information obtained from Company.  At the time of the termination of Executive’s
employment, or at such other time as the Company may request, Employee shall
return all memoranda, notes, plans, records, computer tapes and software and
other documents and data (and copies thereof) relating to Confidential
Information that Executive may then possess or have under his or her control.

b.             Non-competition;
Non-solicitation: 
Executive understands and agrees that, in addition to Employee’s
exposure to Confidential Information, Executive may, in his or her capacity as
an employee, at times meet with the MarkWest Parties’ current or prospective
customers, suppliers, partners, licensees or other business relations
(collectively, “Business

 

Relations”) on behalf of the
MarkWest Parties, and that, as a consequence of using or associating himself
with the MarkWest Parties’ name, goodwill, and professional reputation,
Executive’s employment shall place him or her in a position where Executive can
develop personal and professional relationships with the MarkWest Parties’
current and prospective customers. 
Executive further acknowledges that, during the course and as a result
of Executive’s employment, Executive has been or may be provided certain
specialized training or know-how. 
Executive understands and agrees that this goodwill and reputation, as
well as Executive’s knowledge of Confidential Information and specialized
training and know-how, could be used unfairly in competition against the
MarkWest Parties.  Accordingly, in
consideration of the employment of Executive by the Company pursuant to this
Agreement, Employee agrees that:

(i)            during the time period commencing on
the date hereof and terminating six (6) months after the end of the Term,
Executive shall not directly or indirectly, individually or collectively in
conjunction with others, engage in activities that compete with the business
that the MarkWest Parties is engaged in at the time of the termination of
Executive’s employment in whatever geographic regions the MarkWest Parties
engages in such business at such time (currently natural gas and refinery
off-gas gathering and transportation, natural gas and refinery off-gas
processing, off-gas and NGL fractionation, NGL, natural gas and derived
products marketing, and related services, conducted in the southern Appalachian
region of Kentucky, West Virginia, and southern Ohio, in the southwest and
mid-continent regions of Oklahoma, Texas, Louisiana, Mississippi, and New
Mexico, on the Gulf Coast, and in western Colorado/eastern Utah area); or

(ii)           during the time period commencing on
the date hereof and terminating eighteen (18) months after the end of the Term,
Executive shall not directly or indirectly through another entity or person (i)
induce or attempt to induce any employee of the MarkWest Parties to leave the
employ of the MarkWest Parties, (ii) solicit to hire any person who was
employed by the MarkWest Parties at any time during the one-year period
immediately preceding the termination of Executive’s employment with the
MarkWest Parties, or (iii) induce or attempt to induce any current or
prospective Business Relation of the MarkWest Parties (including, without
limitation, any business entity that the MarkWest Parties have contacted in
order to make a proposal to enter into a business relationship) to withdraw,
curtail or cease doing business with the MarkWest Parties; provided,
however, that Executive shall not be in breach of this paragraph in
the event that any entity with whom Executive is employed or otherwise
affiliated solicits or hires any person so long as Executive is not consulted
concerning or otherwise involved, directly or indirectly, in such solicitation
and/or hiring (except for involvement in a general administrative or other
perfunctory manner), nor shall Executive be in breach of this paragraph in the
event that any person applies for or inquires concerning employment in response
to any advertisement or other job posting directed to the public in general, so
long as Executive is not consulted concerning or otherwise involved, directly
or indirectly, in any aspect of the recruitment, evaluation or hiring of the
person(s) in question (except for involvement in a general administrative or
other perfunctory manner).

Executive acknowledges
that as an executive of a public company he falls within the exception to C.R.S
8-2-113(2)(d), which exempts executive and management personnel and officers
from the prohibitions of non-compete provisions.  Executive further agrees, during the

 

 

period for which Executive has continuing obligations
under this Paragraph 7(b), to inform any new employer or other person or entity
with whom Executive enters into a business relationship, before accepting
employment or entering into a business relationship, of the existence of this
Agreement and give such employer, person other entity a copy of this Paragraph
7(b).

c.             Third-Party
Beneficiaries:  It is the
express intent of the parties that the provisions of this Paragraph 7 may be
enforced by any of the MarkWest Parties, and that the protections afforded
herein shall inure to such MarkWest Parties as intended third-party
beneficiaries.

d.             Severability:  To the extent that any provision of this
Paragraph shall be determined to be invalid or unenforceable, the invalid or
unenforceable portion of such provision shall be deleted from this Agreement,
and the validity and enforceability of the remainder of such provision and of
this Paragraph shall be unaffected. In furtherance of and not in limitation of
the foregoing, it is expressly agreed that, should the duration of or
geographical extent of, or business activities covered by, the noncompetition
and non-solicitation agreements contained in Paragraph 7(b) be determined to be
in excess of that which is valid or enforceable under applicable law, then such
provision shall be construed to cover only that duration, extent, or those
activities which may validly or enforceably be covered. Executive acknowledges
the uncertainty of the law in this respect and expressly stipulates that this
Paragraph shall be construed in a manner which renders its provisions valid and
enforceable to the maximum extent (not exceeding its express terms) possible
under applicable law.

e.             Injunctive Relief:  Executive agrees that it would be difficult
to compensate the MarkWest Parties fully for damages for any violation of the
provisions of this Paragraph 7. 
Accordingly, Executive specifically agrees that the MarkWest Parties
shall be entitled to temporary and permanent injunctive relief to enforce the
provisions of this Paragraph and that such relief may be granted without the
necessity of proving actual damages. 
This provision with respect to injunctive relief shall not, however,
diminish the right of the MarkWest Parties to claim and recover damages in
addition to injunctive relief.

8.             SUCCESSORSHIP:  This
Agreement shall inure to the benefit of and be binding upon the Company and its
successors and permitted assigns and any such successor or permitted assignee
shall be deemed substituted for the Company under the terms of this Agreement
for all purposes.  As used herein, “successor”
and “assignee” shall be limited to any person, firm, corporation, or other
business entity which at any time, whether by purchase, merger, reorganization,
or otherwise, directly or indirectly acquires the stock of the Company or to
which the Company assigns this Agreement by operation of law or otherwise in
connection with any sale of all or substantially all of the assets of the
Company, provided that any successor or permitted assignee promptly
assumes in a writing delivered to the Executive this Agreement and, in no
event, shall any such succession or assignment release the Company from its
obligations thereunder.  The Company will
require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company to assume expressly and agree to perform this Agreement
in the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place.  As used in this Agreement, “Company” shall
mean the Company as herein before

 

defined and any
successor to its business and/or assets as aforesaid which assumes and agrees
to perform this Agreement by operation of law or otherwise.

9.             DISPUTE RESOLUTION: 
Any claim arising out of or in any way relating to this Agreement or the
termination thereof shall be initiated in the federal or state courts for
Denver, Colorado and both Executive and the Company (and the MarkWest Parties,
as applicable) hereby submit to the jurisdiction of such courts.  Each party shall be responsible for the
payment of its own attorneys’ fees; provided, however, that, the Company
shall reimburse the Executive for all reasonable legal fees incurred by
Executive for any claim arising out of or in any way relating to events
occurring on and after a Change in Control, except any such claim initiated by
Executive that is found to be frivolous or vexatious.

10.           GOVERNING
LAW:  The provisions of
this Agreement shall be construed in accordance with, and governed by, the laws
of the State of Colorado without regard to principles of conflict of laws.

11.           SAVINGS
CLAUSE:  If any provision
of this Agreement or the application thereof is held invalid, the invalidity
shall not affect other provisions or applications of the Agreement which can be
given effect without the invalid provisions or applications and to this end the
provisions of this Agreement are declared to be severable.

12.           WAIVER
OF BREACH:  No waiver of
any breach of any term or provision of this Agreement shall be construed to be,
nor shall be, a waiver of any other breach of this Agreement.  No waiver shall be binding unless in writing
and signed by the party waiving the breach.

13.           MODIFICATION:  No provision of this Agreement may be
amended, modified, or waived except by written agreement signed by the parties
hereto.

14.           ASSIGNMENT
OF AGREEMENT:  The
Executive acknowledges that Executive’s services are unique and personal.  Accordingly, the Executive may not assign
Executive’s rights or delegate Executive’s duties or obligations under this
Agreement to any person or entity; provided, however, that
payments may be made to the Executive’s estate or beneficiaries as expressly
set forth herein.

15.           ENTIRE
AGREEMENT:  This Agreement
is an integrated document and constitutes and contains the complete
understanding and agreement of the parties with respect to the subject matter
addressed herein, and supersedes and replaces all prior negotiations and
agreements, whether written or oral, concerning the subject matter hereof.

16.           CONSTRUCTION:  Each party has cooperated in the drafting and
preparation of this Agreement.  Hence, in
any construction to be made of this Agreement, the same shall not be construed
against any party on the basis that the party was the drafter.  The captions of this Agreement are not part
of the provisions and shall have no force or effect.

 

17.           NOTICES:  Notices and all other communications provided
for in this Agreement shall be in writing and shall be delivered personally or
sent by registered or certified mail, return receipt requested, postage
prepaid, or sent by facsimile or prepaid overnight courier to the parties at
the addresses set forth below (or at such other addresses as shall be specified
by the parties by like notice).  Such
notices, demands, claims, and other communications shall be deemed given:

a.             in the case of delivery by
overnight service with guaranteed next day delivery, such next day or the day
designated for delivery;

b.             in the case of certified or
registered United States mail, five days after deposit in the United States
mail; or

c.             in the case of facsimile, the date
upon which the transmitting party received confirmation of receipt by
facsimile, telephone, or otherwise; and

d.             in the case of personal delivery,
when received.

Communications
that are to be delivered by the United States mail or by overnight service are
to be delivered to the addresses set forth below:

(i)            To the Company:

                MarkWest Hydrocarbon, Inc.

                Attn:  General Counsel

                1515 Arapahoe Street, Tower 2,
Suite 700

                Denver, CO  80202

(ii)           To the Executive:

                [                               ]

                [                               ]

Each party, by
written notice furnished to the other party, may modify the acceptable delivery
address, except that notice of change of address shall be effective only upon
receipt.  In the event that the Company
is aware that the Executive is not at the location when notice is being given,
notice shall be deemed given when received by the Executive, whether at the
aforementioned location or at another location.

18.           TAX
WITHHOLDING:  The Company
may withhold from any amounts payable under this Agreement such federal, state,
or local taxes as shall be required to be withheld pursuant to any applicable
law or regulation.

19.           REPRESENTATION:  The Executive represents that he is
knowledgeable and sophisticated as to business matters, including the subject
matter of this Agreement, that he has

 

read this
Agreement and that he understands its terms. 
The Executive acknowledges that, prior to assenting to the terms of this
Agreement, he has been given a reasonable time to review it, to consult with
counsel of Executive’s choice, and to negotiate at arm’s-length with the
Company as to its contents.  The Executive
and the Company agree that the language used in this Agreement is the language
chosen by the parties to express their mutual intent, and that they have
entered into this Agreement freely and voluntarily and without pressure or
coercion from anyone.

20.           409A
SAVINGS CLAUSE:  It is the
intention of the parties that payments or benefits payable under this Agreement
not be subject to the additional tax imposed pursuant to Section 409A of the
Code, and the provisions of this Agreement shall be construed and administered
in accordance with such intent. To the extent such potential payments or
benefits could become subject to Code Section 409A, the parties shall cooperate
to amend this Agreement with the goal of giving Executive the economic benefits
described herein in a manner that does not result in such tax being
imposed.  If the parties are
unable to agree on a mutually acceptable amendment, the Company may, without
the Executive’s consent and in such manner as it deems appropriate or
desirable, amend or modify this Agreement or delay the payment of any amounts
hereunder to the minimum extent necessary to meet the requirements of Code
Section 409A.

IN WITNESS
WHEREOF, the Company and the Executive, intending to be legally bound, have
executed this Agreement on the day and year first above written.

	
  

  	
  MARKWEST HYDROCARBON, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EXECUTIVEEXHIBIT 10.1

EMPLOYMENT AGREEMENT

This Employment Agreement (this “Agreement”) is
entered into as of September 29, 2007 (the “Effective Date”) between
InFocus Corporation, an Oregon company, with its principal executive offices at
27500 SW Parkway Avenue, Wilsonville, Oregon 97070-8238 (the “Company”), and
Robert O’Malley (“Executive”).

WHEREAS, the Company desires to employ and retain
Executive as its President and Chief Executive Officer and to enter into an
agreement embodying the terms of such employment; and

WHEREAS, Executive desires to accept such employment
and enter into such an agreement.

NOW, THEREFORE, in consideration of the mutual
covenants and promises contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by
the Company and Executive (the “Parties”), the Parties hereby agree as follows:

1.             Term
of Employment.  The Company hereby
agrees to employ Executive, and Executive hereby accepts such continued
employment with the Company, on an at-will basis upon the terms and subject to
the conditions set forth in this Agreement, commencing on September 29, 2007
(the “Commencement Date”).

2.             Title;
Duties.  During the Employment Term,
Executive shall serve as President and Chief Executive Officer of the Company
reporting directly to the Company’s Board of Directors (the “Board”).  Executive shall be appointed to the Company’s
Board of Directors upon the commencement of his employment hereunder, and the
Board of Directors will nominate Executive for election to the Board at the
Company’s annual meeting of shareholders so long as Executive continues to
serve as the Company’s Chief Executive Officer hereunder.  Executive shall not receive any additional
compensation for his service as a director during the term of his employment
under this Agreement.

3.             No
Conflicting Commitments.  During the
Employment Term, Executive shall devote substantially all of Executive’s
business time and efforts to the performance of Executive’s duties
hereunder.  Executive may continue to
serve on any outside boards on which Executive currently serves.  Executive will not enter into any employment
or consulting agreement which, in the opinion of the Board, conflicts with the
Company’s interests or which might impair the performance of Executive’s duties
as an employee of the Company consistent with the terms herein.

4.             Compensation
and Benefits.

4.1           Base Salary.  During the Employment Term, the Company shall
pay Executive for Executive’s services hereunder a base salary at the annual
rate of $395,000, payable in regular installments in accordance with the
Company’s usual payroll practices.

4.2           Signing Bonus.  A one-time signing bonus in the amount of
$85,000 shall be paid upon commencement of employment.

4.3           Six Month Bonus.  A one-time bonus of $98,750 is payable after
the completion of six months of continuous employment.

4.4           2008 Performance Bonus.  Executive shall be eligible to receive a
bonus based on achievement of measures to be determined by the Company’s Compensation
Committee for the period of April 1, 2008 through December 31, 2008. The target
bonus shall be 50% of Executive’s base salary.

4.5           Annual Bonus.  Commencing in calendar year 2009, Executive
shall be eligible to receive an annual bonus if measures defined by the Company’s
Compensation Committee are achieved.

4.6           Compensation Review.  Executive’s compensation shall be reviewed by
the Compensation Committee upon the completion of one year of continuous
employment.

4.7           Restricted Stock.  Upon commencement of his employment,
Executive shall be granted 300,000 shares of restricted common stock.  These shares will vest 25% after one year of
employment and 1/48 per month thereafter. 
If, during the vesting period, the Company is acquired in a transaction
in which the Company’s shareholders receive the equivalent of $4.00/share or
greater, these shares shall fully vest immediately prior to completion of the
acquisition transaction.

4.8           Options.  Upon commencement of his employment,
Executive shall be granted an option to purchase 500,000 shares of common stock
at a price per share equal to the closing price of the Company’s stock on
Executive’s first day of employment. 
These options will vest 25% after one year of employment and 1/48 per
month thereafter.  These options will
expire after seven years.

4.9           Accelerated Vesting.  Except for the accelerated vesting of the
restricted stock grant upon acquisition of the Company at $4.00 per share or
greater, as provided in paragraph 4.7 above, the restricted stock and stock
option grants awarded in accordance with paragraphs 4.7 and 4.8 above will be
subject to “double trigger” acceleration of vesting in the event Executive’s
employment is involuntarily terminated or Executive resigns for Good Reason
within one year after a Change of Control. The definitions of Change of Control
and Good Reason will be the same as those used for grants previously made to
other Company executive officers. If the “double trigger” conditions are met,
Executive’s restricted stock grant will fully vest and Executive’s stock option
grant will vest as to 25% of the total shares if the conditions are met during
Executive’s first year of employment, as to 66% of the total shares if the
conditions are met during Executive’s second year of employment, and as to 100%
of the total shares if the conditions are met during or after Executive’s third
year of employment

4.10         Executive Benefits.  During the Employment Term and subject to any
contributions therefor generally required of senior executives of the Company,
Executive shall be entitled to receive such employee benefits (including fringe
benefits, 401(k) plan participation, and life, health, dental, accident and
short- and long-term disability insurance) which the Company may, in its sole
and absolute discretion, make available generally to its senior executives or
personnel similarly situated; provided, however, that it is hereby acknowledged
and agreed that any such employee benefit plans may be altered, modified or
terminated by the Company at any time in its sole discretion without recourse
by Executive.

4.11         Business Expenses and Perquisites.  Upon delivery of adequate documentation of
expenses incurred in accordance with the policies and practices of the Company,
Executive shall be entitled to reimbursement by the Company during the
Employment Term for reasonable travel, entertainment and other business
expenses in accordance with such policies as the Company
may from time to time have in effect.

4.12         Relocation Costs.  Moving and relocation expenses
related to Executive’s relocation to Portland, Oregon, including temporary
living expenses in Portland and travel costs to and from Florida, will be
reimbursed up to a total of $150,000. 
The commission paid on the sale of Executive’s home in Florida will be
an eligible expense but any loss realized on the sale of the home will not be
eligible for reimbursement.  Should
Executive resign from the Company during Executive’s first year of employment,
Executive will reimburse the Company for all moving expenses that were
previously paid to Executive.

4.13         Taxes.  All of Executive’s compensation, including,
but not limited to the Base Salary, shall be subject to withholding for all
federal, state and local employment-related taxes, including income, social
security, and similar taxes.

4.14         Severance.  Executive shall be eligible for one-year of
salary continuation and other severance benefits in accordance with the Company’s
Executive Severance Plan.

 2
 

5.             Termination.

5.1.          Termination by the Company.  The Board may terminate Executive’s
employment hereunder at any time with or without cause to be effective
immediately upon delivery of notice thereof. 
The effective date of Executive’s termination shall
be referred to herein as the “Termination Date.”  If Executive’s employment is terminated by
the Company pursuant to this Section 5.1, the Company shall pay Executive all
amounts owed to Executive for work performed and PTO earned in accordance with
the Company’s policies prior to the Termination Date.

5.2           Termination by Executive.  Executive’s employment hereunder may be
terminated by Executive at any time upon not less than ninety (90) days’ prior
written notice from Executive to the Company. 
Executive agrees that such notice period is reasonable and necessary in
light of the duties assumed by Executive pursuant to this Agreement and fair in
light of the consideration Executive is receiving pursuant to this
Agreement.  If Executive terminates
Executive’s employment with the Company pursuant to this Section 5.2, the
Company shall pay Executive only all amounts owed to
Executive for work performed prior to the Termination Date.  In the event of such notice by Executive, the
Company may limit Executive’s activities during the notice period or impose any
other restrictions it deems necessary and reasonable, including relieving
Executive of all duties during the notice period.

6.             Confidentiality.  Executive understands that the Company
continually obtains and develops valuable proprietary and confidential
information concerning its business, business relationships and financial
affairs and contemporaneously herewith he has entered into a Business
Protection Agreement in the form attached hereto as Exhibit A.

7.             Notices.  Any notice hereunder by either Party to the
other shall be given in writing by personal delivery, facsimile, overnight
courier or certified mail, return receipt requested, addressed, if to the
Company, to the attention of the Board with a copy to the General Counsel at
the Company’s executive offices or to such other address as the Company may
designate in writing at any time or from time to time to Executive, and if to
Executive, to Executive’s most recent address on file with the Company.  Notice shall be deemed given, if by personal
delivery or by overnight courier, on the date of such delivery or, if by
facsimile, on the business day following receipt of delivery confirmation or,
if by certified mail, on the date shown on the applicable return receipt.

8.             Assignment.  This Agreement may not be assigned by either
Party without the prior written consent of the other Party, provided however
that the Company may assign this Agreement without Executive’s consent in the
event of a Change in Control, as such term is defined in the Company’s
Executive Severance Plan.

9.             Entire
Agreement.  This Agreement, and the
Company’s Policies and Procedures in effect and as amended from time to time,
constitute the entire agreement between the Parties with respect to the subject
matter hereof and there have been no oral or other agreements of any kind
whatsoever as a condition precedent or inducement to the signing of this
Agreement or otherwise concerning this Agreement or the subject matter
hereof.  To the extent there is any conflict
between this Agreement and the Company Policies and Procedures, this Agreement
shall prevail.

10.           Expenses.  The Parties shall each pay their own
respective expenses incident to the enforcement or interpretation of, or
dispute resolution with respect to, this Agreement, including all fees and
expenses of their counsel for all activities of such counsel undertaken
pursuant to this Agreement.

11.           Governing
Law.  This Agreement (including any
claim or controversy arising out of or relating to this Agreement) shall be
governed by and construed in accordance with the laws of the State of Oregon,
without regard to conflict of law principles that would result in the
application of any law other than the laws of the State of Oregon.

12.           Submission
to Jurisdiction; Waiver.  Each party
irrevocably agrees that any legal action or proceeding arising out of or
relating to this Agreement or for recognition and enforcement of any judgment
in respect hereof or thereof brought by another party hereto or its successors
or assigns may be brought and determined in the courts of the State of Oregon
and each party hereby irrevocably submits with regard to any action or
proceeding for itself and in respect to its property, generally and
unconditionally, to the exclusive jurisdiction of the aforesaid courts.

 3
 

13.           Waivers
and Further Agreements.  Any waiver
of any terms or conditions of this Agreement shall not operate as a waiver of
any other breach of such terms or conditions or any other term or condition,
nor shall any failure to enforce any provision hereof operate as a waiver of
such provision or of any other provision hereof.  Each of the Parties agrees to execute all
such further instruments and documents and to take all such further action as
the other Party may reasonably require in order to effectuate the terms and
purposes of this Agreement.

14.           Amendments.  This Agreement may not be amended, nor shall
any waiver, change, modification, consent or discharge be effected except by an
instrument in writing executed by both Parties.

15.           Severability.  If any provision of this Agreement shall be
held or deemed to be, or shall in fact be, invalid, inoperative or
unenforceable as applied to any particular case in any jurisdiction or
jurisdictions, or in all jurisdictions or in all cases, because of the conflict
of any provision with any constitution or statute or rule of public policy or
for any other reason, such circumstance shall not have the effect of rendering
the provision or provisions in question invalid, inoperative or unenforceable
in any other jurisdiction or in any other case or circumstance or of rendering
any other provision or provisions herein contained invalid, inoperative or
unenforceable to the extent that such other provisions are not themselves
actually in conflict with such constitution, statute or rule of public policy,
but this Agreement shall be reformed and construed in any such jurisdiction or
case as if such invalid, inoperative or unenforceable provision had never been
contained herein and such provision reformed so that it would be valid, operative
and enforceable to the maximum extent permitted in such jurisdiction or in such
case.

16.           Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

17.           Section
Headings.  The headings contained in
this Agreement are for reference purposes only and shall not in any way affect
the meaning or interpretation of this Agreement.

IN WITNESS WHEREOF, the Parties have executed or caused
to be executed this Agreement as of the Effective Date.

	
  EXECUTIVE

  	
  COMPANY

  
	
   

  	
  InFocus Corporation

  
	
   

  	
   

  
	
  By

  	
  /s/ Robert
  O’Malley

  	
   

  	
  By 

  	
  /s/ Mark Perry

  	
   

  
	
   

  	
  Robert O’Malley

  	
   

  	
   

  
	
   

  	
  Print Name:

  	
  /s/ Mark Perry

  
	
   

  	
  Its: 

  	
  Interim Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
							

 

 4

EXHIBIT A

BUSINESS PROTECTION
AGREEMENT

This Business Protection
Agreement (the “Agreement”) is entered into this  29th  day of    September             , 2007_, by and between                     InFocus
Corporation                                           ,
a(n)       Oregon    corporation (“Company”), and,        Robert                    O’Malley                                 (“Employee”),
an individual resident of the State of     Florida    .

In consideration
of an offer of employment and/or as a condition of continued employment and the compensation or other money paid or to be
paid, Employee agrees as follows:

1.      Definitions

1.1       “Confidential Information” means without
limitation (a) all trade secrets and proprietary information of Company; (b)
all information marked or designated by Company as confidential; (c) all
information treated by Company as confidential; (d) all information provided to
Company by a third party which Company is under an obligation to keep
confidential; (e) all information which would reasonably be viewed as
having value to a competitor of Company; and
(e) all other information that has been created, discovered, developed or
otherwise become known to Company, and/or in which property rights have been
assigned or otherwise conveyed to Company. 
Confidential Information shall include, by way of illustration and not
limitation, all Inventions, Works, customer names and lists; marketing
information, product development and other business plans; and financial,
scientific and technical information. For purposes of the definition of “Confidential
Information” the term “Company” includes all of Company’s subsidiaries and
affiliates.

1.2       “Intellectual Property Rights” means any
and all (by whatever terms known or designated) tangible and intangible, now
known or hereafter existing (a) rights associated with works of authorship,
know how, and data throughout the universe, including but not limited to all
exclusive exploitation rights, copyrights, neighboring rights and moral rights;
(b) trade secret rights; (c) trademarks; (d) patents, designs, algorithms and
other industrial property rights and all improvements, modifications, and
derivatives thereof; (e) all other proprietary rights of every kind and nature
throughout the universe, however designated (including without limitation
logos, character rights, “rental” rights and rights to remuneration), whether
arising by operation of law, contract, license or otherwise; and (f) all
registrations, applications, reissues, reexaminations, renewals, continuations,
continuations in part, divisions, or extensions thereof now or hereafter in
force throughout the universe

1.3       “Inventions” include but are not limited
to products, computer software and programs, equipment, devices, systems,
components, tool accessories, processes, ideas, improvements, discoveries,
developments, compositions, trade secrets, formulae, techniques, technologies,
discoveries, devices, compositions, methods, formulae, designs, specifications,
models, research, and know-how,
together with modifications, derivatives, applications or technologies
associated therewith, and all information, data and documentation related
thereto, whether or not patentable.

2.     Confidential Information

2.1       Ownership.  Employee acknowledges and agrees that the
Company shall own all Intellectual Property Rights in work done during
performance of services for the Company. 
Employee further agrees that all Confidential Information is and shall
continue to be the valuable, exclusive and permanent property of Company,
whether or not prepared in whole or in part by Employee, and whether or not
disclosed or entrusted to Employee in connection with Employee’s work for
Company.

2.2       Acknowledgement of Receipt
of Confidential Information. 
Employee acknowledges that in the course of performing duties for
Company, Employee will have access to Confidential Information and agrees in
addition to the specific covenants contained in this Agreement, to comply with
all of Company’s policies and procedures for the protection of such
Confidential Information.

2.3       Covenant of Non-Disclosure
and Non-Use.  Employee agrees
not to, during the period of his or her employment with Company or thereafter,
reveal, communicate or disclose any Confidential Information, directly or
indirectly, under any circumstances or by any means, to any third person
without the prior express written consent of Company.  Employee shall not directly or indirectly,
copy, transmit, reproduce, summarize, quote or use any Confidential Information
for any commercial or for any other purpose or for the benefit of any third
party, except as may be necessary to perform his or her duties for Company.  Nothing in this Agreement gives Employee or
any other party a license to use or transfer any rights in the Confidential or
proprietary information.

2.4       Safeguard of Confidential
Information.  Employee agrees
to exercise the highest degree of care in safeguarding Confidential Information
against loss, theft, or other inadvertent disclosure, agrees generally to take
all steps necessary to ensure the maintenance of confidentiality of such
information and agrees to notify Company immediately of any unauthorized use or
release of such information.

2.5       Return of Confidential
Information.  Employee agrees,
upon termination of employment by Company or as otherwise requested, to
promptly deliver to Company all Confidential Information, in whatever form, and
all documents containing or relating to any Inventions, or with respect to any
Confidential Information or trade secrets which Employee has obtained as the
result of his or her employment by Company that may be in Employee’s possession
or under Employee’s control, together with written certification of compliance
with this Paragraph.

 Page 1 — BUSINESS PROTECTION AGREEMENT
 

3.     Other Company Information.  Employee understands that, during
his/her employment by Company, Employee will have access to information that does not meet the
definition of Confidential Information, but is nevertheless protected from
unauthorized use by copyright, patent, and other laws, and that has special value to Company in part due to the fact
that others are not permitted to use such information without Company’s prior
approval or is not disclosed to others. 
Employee acknowledges that the fact that any such information does not
qualify as Confidential Information as defined herein does not give Employee
any right or license to use or disclose such information or limit the other
protections available to the Company for such information under statute or
common law.

4.     Work Made for Hire; Assignment of Rights.  To the extent not covered in other Paragraphs
of this Agreement, Employee agrees that all creative work, including without
limitation models, designs, drawings, specifications, techniques and processes
(“Works”) prepared or originated by Employee alone or with others, in whole or
in part for Company or during or within the scope of Employee’s employment by
Company, whether or not subject to protection under federal copyright law,
constitutes “Work Made For Hire,” all rights to which are owned by Company,
and, in any event, Employee assigns to Company all Intellectual Property
Rights, whether by way of copyright, trade secret, or otherwise, in all such
Works, whether or not subject to protection by copyright laws.  Employee agrees to cooperate with Company and
perform such other acts as may be required by Paragraph 5.4 with respect to such
Works in the same manner and to the same extent as required with respect to
Inventions under Paragraph 5.4.  Employee
hereby waives, to the extent permitted by law, any and all rights he or she may
have to claim authorship of, or to object to any distortion, mutilation or
other modification, or other derogatory action, and agrees not to assert, or
permit to be asserted any claim or lawsuit for infringement of any droit moral
or similar right or that any used of the Works are a defamation or mutilation
thereof or that any such use contains unauthorized variations, alterations,
modifications, changes or translations of the Works.

5.     Inventions.

5.1       Disclosure of Inventions.  Employee will promptly disclose in writing to
the President of Company, or his or her designee, all Inventions, including those
developed alone or in conjunction with others, while in the employment of or in
connection with or arising from service in any capacity for Company and for one
year thereafter.  Such Inventions shall
include those made, conceived, or first reduced to practice by Employee during
or within one year after the termination of Employee’s employment if (a)
resulting from or suggested by such employment or related to fields of interest
of Company, or (b) made or conceived at the request of or upon the suggestion
of Company, during or out of Employee’s usual hours of work, in or about the
premises of Company and with or without the use of Company’s equipment,
supplies, facilities or Confidential Information.

5.2       Assignment.  Employee hereby assigns and transfers to
Company all Intellectual Property Rights in and to all Inventions without
compensation in addition to or separate from that regularly paid to Employee as
compensation for employment.  Employee
hereby disclaims any and all interest and Intellectual Property Rights in
Inventions, discoveries or improvements and agrees that all associated United
States and foreign patent, copyright, trademark, trade secret and any other
proprietary rights, including but not limited to, all rights of registration,
reissue, extension and renewal, are the sole and exclusive property of Company.

5.3       Exception to Assignment. ASSIGNMENT
REQUIRED UNDER PARAGRAPH 5.2, ABOVE, DOES NOT APPLY TO INVENTIONS THAT EMPLOYEE
CAN DEMONSTRATE ARE DEVELOPED ENTIRELY ON EMPLOYEE’S OWN TIME AND WITHOUT USING
COMPANY’S EQUIPMENT, SUPPLIES, FACILITIES OR TRADE SECRET INFORMATION SO LONG
AS THE INVENTION (a) DOES NOT RELATE AT THE TIME OF CONCEPTION OR
REDUCTION TO PRACTICE TO COMPANY’S BUSINESS, OR COMPANY’S ACTUAL OR
DEMONSTRABLY ANTICIPATED RESEARCH OR DEVELOPMENT, AND (b)
DOES NOT RESULT FROM ANY WORK PERFORMED BY EMPLOYEE FOR COMPANY. All other obligations contained in this agreement
shall apply to such Inventions.

5.4       Cooperation; Execution of
Documents.  At the request of
Company and at its sole expense, both during and after Employee’s employment
with Company, Employee will (a) assist Company, or its designee, to obtain
patent or other pertinent legal protections in the United States and/or in any
other country or countries designated by Company, for the Inventions assigned
to Company under Paragraph 5.2 and all Trademarks and Works; (b) cooperate with
Company in maintaining, prosecuting, protecting and enforcing such patents or
other pertinent legal protections; and (c) in connection therewith, execute,
acknowledge and deliver such applications, assignments, statements or other
documents, furnish such information and data and take such other actions
(including without limitation the giving of testimony) as Company may from time
to time reasonably request.  In addition,
Employee will execute, acknowledge and deliver all documents necessary to vest
in Company all right, title and interest and all patents or other pertinent
legal protections so that Company will be the sole and absolute owner of the
Inventions and Works covered thereby in any and all countries.

5.5       Maintenance of Records.  Employee agrees to keep and maintain adequate
and current written records of all Inventions and Works made or conceived by
Employee (in the form of notes, sketches, drawings and as may be specified by
Company), which shall be kept at all times on Company’s premises and which
shall be available to and remain the sole and exclusive property of Company at
all times.

5.6       Prior Inventions.  Any inventions created by Employee before
Employee began working for Company and which are not Company’s property are
listed on the attached Exhibit A.1 (“Prior Inventions”).  Employee acknowledges that he or she has had
ample opportunity to 

 Page 2 — BUSINESS PROTECTION AGREEMENT
 

prepare and edit Exhibit A.1 and that Exhibit A.1
lists all inventions, that Employee claims or may claim as Prior
Inventions.  If no Prior Inventions are
listed on Exhibit A.1, then Employee’s signature on this Agreement means that
there are no such Prior Inventions and that Employee agrees not to assert any
rights therein.  Employee understands
that Company would not offer and/or continue to employ Employee, or use any
Inventions, if Company did not believe the information on Exhibit A.1 to be
true, accurate and complete.  Employee
agrees that listing an invention already owned by Company in Exhibit A.1 vests
no rights in Employee.  Employee agrees
that to the extent a court determines that any inventions, discoveries,
improvements or Works not listed are not Company’s property or Employee uses or
incorporates listed Prior Inventions in the course of performing services for
Company, Employee hereby grants to Company a perpetual, royalty-free,
irrevocable world-wide license to make, have made, use and sell such
inventions, discoveries, improvements and Works and to make, have made, use and
sell derivative works thereof as necessary for Company’s business.

6.     Business Opportunities.  Employee agrees to promptly disclose to
Company any business opportunity of which Employee becomes aware during Employee’s
employment with Company that relates to any products or services planned, under
development, developed, produced or marketed by Company or to any of Company’s
business contacts.  Employee will not
take advantage of or divert any such opportunity for the gain, profit or
benefit of Employee or any other person or entity prior without the written
consent of Company.  If Employee
violates this Paragraph, then upon written demand, Employee shall pay to
Company fifty percent (50%) of the actual fees billed or billable through that
contact during that period of time.  This
remedy, if elected by Company, shall be in addition to any other remedies
provided to Company under this Agreement or by law.

7.     No Solicitation.  Unless Employee receives the prior express written
consent of Company, Employee shall not, for one year after termination of his
or her relationship with Company, induce or attempt to induce directly or by
assisting others, any person or entity who is in the employment of or is
providing services to Company to end such employment or business relationship,
or interfere with or alter such in a way that would adversely effect Company.

8.     Use for Competition.  Employee understands that Confidential
Information would be extremely valuable to a competitor, and that any
disclosure would seriously damage Company’s business.  Accordingly, Employee agrees not to, while
performing services for Company and for one year thereafter, enter into any
agreement with any person to provide services that would place Employee in a
position in which his or her knowledge of Company’s Confidential Information or
other valuable or proprietary information could be used for the benefit of any
other person.

9.     Personal Property of Company.  Employee agrees that all memoranda, notes,
records, correspondence, papers, customer lists, plans, designs, drawings,
specifications, video tapes, audio tapes, computer disks, and any other written
or otherwise recorded material, and all copies thereof, relating directly or
indirectly in any way to Company or its operations or business, some of which
may be prepared by Employee, and all objects associated therewith (such as
models and samples), which have come into Employee’s possession or control at
any time and in any way through employment with Company shall be Company’s
property (“Company Property”).  Employee
shall not, except as necessary to perform duties for Company, make or cause to
be made any copies, duplicates, facsimiles or other reproductions, or any
abstracts or summaries, of any of the aforementioned materials or objects, or
remove any such materials or objects, from Company’s facilities, or use any
information concerning them, except for Company’s benefit, either during
Employee’s employment with Company or thereafter.  Employee agrees to deliver all of the Company
Property to Company on termination of Employee’s employment, or at any other
time on Company’s request, together with Employee’s written certification of
compliance.

10.   Acknowledgement of Irreparable Harm.  Employee acknowledges that the services
rendered to Company are of a special, unique and extraordinary character, that
the Confidential Information is special and unique to Company, and that
disclosure of any Confidential Information or the breach of any of the terms and
covenants of this Agreement will result in irreparable and continuing harm to
Company for which there will be no adequate remedy at law and for which the
injury could not be adequately compensated by money damages.

11.   Remedies.  Employee agrees that in the event Employee
breaches any of the terms of this Agreement, Company shall be entitled to
specific performance, including immediate issuance of a temporary restraining
order and/or preliminary or permanent injunctive relief enforcing this
Agreement, without the necessity of proof of actual damages and without posting
bond for such relief, in addition to any and all other remedies provided by
applicable law or equity.

12.   Required Disclosures.  If Employee is served with any subpoena or
other compulsory judicial or administrative process calling for production of
Confidential Information, Employee shall use diligent reasonable efforts to
limit disclosure and will immediately notify Company and allow company all such
access to proceedings as it deems necessary to protect its interests.

13.   Disclosure of Prior Restrictions.  Employee understands that Company is not
employing Employee to obtain any information which is the property of any
previous employers or any other person or entity for whom Employee has
performed services.  Accordingly,
Employee warrants and represents to Company that (a) Employee will not, in
performing services for Company, make use of information which is the property
of and/or confidential to any previous employer or other person or entity for
whom Employee performed services; (b) a complete list of all prior employment,
confidentiality or other agreements which may impose restrictions on Employee’s
activities is attached hereto as Exhibit A.2, true and correct copies of which
have been provided to Company; and (c) Employee is not subject to any
restriction which would prevent Employee from carrying out Employee’s duties
for Company or which would infringe on or violate the rights of any person,
including without limitation, Employee.

 Page 3 — BUSINESS PROTECTION AGREEMENT
 

14.   Scope of Company Protection.  Company is or expects to be a
multi-national concern that conducts business throughout the world.  Employee acknowledges that due to the
character of Company’s business, a geographic restriction on this Agreement
would not adequately protect Company’s legitimate business interests.  The protections stated herein are intended to
protect Company to the fullest extent possible in all of the cities, counties,
states, and countries in which Company does business.

15.   Duration.  The obligations set forth in this Agreement
will continue beyond the term of Employee’s employment by Company and for so
long as Employee possesses Confidential Information, regardless of the reason,
or lack thereof, for the termination of Employee’s employment or the amount of
any compensation received by Employee in connection therewith.

16.   Miscellaneous.

16.1     No Employment Contract.  Employee acknowledges and agrees that this
Agreement is not intended to, and does not, constitute a contract of employment
for any fixed term and that, except as may otherwise be provided in a separate
written agreement between Employee and Company, Employee’s employment may be
terminated by Employee or by Company at any time and for any reason, or for no
reason whatsoever.  As used in this
Agreement, “employment” shall refer to Employee’s performance of services for
Company as either a full- or part-time employee of Company or as an independent
contractor or consultant.

16.2     Notification of Other
Employment.  In order to allow
Company to evaluate risks to its Confidential Information and to take steps, if
necessary, to protect its exclusive ownership rights to Confidential
Information, Inventions and other Works assigned to Company hereunder, during
and for one year after employment with Company, Employee agrees to notify
Company, prior to accepting any employment with any third party, whether as an
employee or independent contractor, and prior to commencing any business
relating to the subject matter of the Confidential Information.

16.3     Entire Agreement.  This document is the entire, final and
complete agreement and understanding of the parties regarding the subject
matter hereof and supersedes and replaces all previous agreements,
communications and understandings, either written or oral, between the parties
or their representatives with respect to such subject matter.

16.4     Amendment.  No supplement, modification or amendment of
this Agreement or any covenant, condition or limitation herein contained shall
be valid, unless in writing and signed by a duly authorized representative of
Company.

16.5     Binding Effect.  The provisions of this Agreement shall be
binding upon Employer, its successors, assigns or nominees and also upon
Employee, his or her estate, heirs and assigns. 
Employee agrees that if Employee is transferred to a subsidiary or
affiliate of Company, or from one subsidiary or affiliate to another, all the
terms and conditions of this Agreement shall apply between such subsidiary or
affiliate and Employee with the same force and effect as if this Agreement had
been made with such subsidiary or affiliate initially.  Employee’s rights and obligations under this
Agreement are personal and may not be transferred or assigned.  Company’s rights, however, may be transferred
or assigned at Company’s sole discretion.

16.6     Severability.  In the event any provision or portion of this
Agreement is held to be unenforceable or invalid by any court of competent
jurisdiction, the remainder of this Agreement shall remain in full force and
effect and shall in no way be effected or invalidated thereby.

16.7     Waiver.  No waiver of any provision of this Agreement
shall be deemed a waiver of any other provision, nor shall any waiver
constitute a continuing waiver.  No
waiver shall be binding unless executed in writing by the party making the
waiver.

16.8     Attorneys’ Fees.  In the event Employee breaches this
Agreement, Employee agrees to reimburse Company for all costs and expenses
reasonably incurred by it in connection with such breach, including without
limitation attorneys’ fees.  In addition,
Employee agrees, in the event any suit action or injunction is filed to enforce
this Agreement, or with respect to this Agreement, that Employee will reimburse
Company for all costs and expenses incurred in connection with the suit, action
or injunction, including without limitation attorneys’ fees at the trial level
and on appeal.

16.9     Governing Law and Venue.  This Agreement and the rights of the parties
hereunder shall be construed and enforced in accordance with by the laws of the
State of__Oregon_____________, without regard to its conflict of law
principles.  Any suit or action arising
out of or in connection with this Agreement, or any breach hereof, shall be
brought and maintained in the federal or state courts located in ___________Multnomah
County or Clackamas County_____, _______Oregon_________.  Employee hereby irrevocably submits to the
jurisdiction of such courts for the purpose of any action under this Agreement
and hereby expressly and irrevocably waives any objection to venue and any
claims regarding an inconvenient forum.

16.10   Term.  This
Agreement shall continue until no longer applicable.  For example, the non-solicitation provision
shall apply for one year after the
Termination Date and the restrictions
on disclosure and use of Confidential Information will continue indefinitely.

16.11   Notice to Employee.
This Agreement may require transfer to Company of certain inventions and
may restrict your ability to perform
services in the future.  You may wish to
consult your legal counsel for advice concerning your rights and obligations.

16.12   Acknowledgement.  Employee has read this Agreement, fully
understands its terms and conditions, and accepts and signings the same as a
free act.

 Page 4 — BUSINESS PROTECTION AGREEMENT
 

 

	
  COMPANY

  	
  InFocus Corporation

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/ Mark Perry

  	
   

  
	
   

  	
   

  	
   

  
	
  Title:

  	
  Interim Chief
  Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
  September 11,
  2007

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  EMPLOYEE

  	
  Robert O’Malley

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Robert
  O’Malley

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
  September 11,
  2007

  	
   

  
					

 

 Page 5 — BUSINESS PROTECTION AGREEMENT

EXHIBIT A

 

EMPLOYEE’S LIST OF
PRIOR INVENTIONS.

1.             Below is a complete list of all
inventions to which Employee claims patent, trade secret or other proprietary
rights:

 

_____    None.

 

_____    Consistent with Paragraph 5.6, below is a
complete list of all Prior Inventions.

 

2.             Below is a complete list of all
employment, confidentiality or other agreements to which Employee is bound.

 

_____    None.

 

_____    In accordance with Paragraph 13 of the
Agreement, the following is a complete and accurate list of all agreements to
which Employee is bound.

 

 EXHIBIT A

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