Document:

EX-10.1

 Exhibit 10.1 

 
 

 
 TERMINATION AND RELEASE AGREEMENT 
 This Termination and Release Agreement (the “Agreement”) is executed as of this December 14, 2012 by and between Exar Corporation (the “Company”) and Kevin Bauer
(“Employee”). 
 RECITALS 
 WHEREAS, Bauer desires finally to compromise, settle and discharge all claims, controversies, demands, actions or causes of action which he may have or claim to have against EXAR arising out of his
employment agreement with EXAR. 
 AGREEMENT 
 NOW, THEREFORE, IN CONSIDERATION of the promises, mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 

1. Termination. Bauer’s employment with EXAR, is hereby terminated, effective January 11, 2013 (the “Termination
Date”). 
 1. Accrued Salary and Vacation. On the Termination Date, EXAR will pay Bauer all accrued salary, and
all accrued and unused vacation earned through the Termination Date, subject to standard deductions and withholdings. Bauer is entitled to such a payment upon the cessation of his employment, regardless of whether or not he signs this Agreement.

 2. Other Compensation and Benefits. Except as expressly provided for in this Agreement, Bauer will not receive any
other compensation or benefits. 
  

	 	(a)	Base Salary. Upon execution of this Agreement, Bauer shall receive a payment of $125,000, subject to standard deductions and withholdings. This payment shall be
paid in equal installments, beginning with the first payroll after the Termination Date, in accordance with the Company’s normal payroll practices then in effect over a period of six (6) consecutive months. 

 

	 	(b)	Medical Coverage. Bauer shall have the option to convert and continue medical and dental insurance for himself and his eligible dependents after the Termination
Date, as may be required or authorized by law under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). In the event Bauer timely exercises his right to convert his medical and dental insurance for himself and his
eligible dependents, the Company shall pay the cost of Bauer’s premiums charged, to continue medical coverage pursuant to COBRA, at the same or reasonably equivalent medical coverage for Bauer (and, if applicable, Bauer’s eligible
dependents) as in effect immediately prior to the Termination Date, for a period commencing on the Termination Date and ending on the earlier to occur of (i) the date Bauer becomes eligible for medical coverage with another employer and
(ii) July 11, 2013. 

  
  

EXAR Corporation • 48720 Kato Road • Fremont, CA 94538 • Main 510-668-7000 • Fax 510-668-7000 •
www.exar.com 

	 	(c)	Management Incentive Program. Bauer shall participate, on a pro rata basis, in any payout that might be made under the EXAR fiscal year 2013 Management Incentive
Program. 

  

	 	(d)	Indemnity Agreement. The term of the Indemnity Agreement shall be extended through the termination of Bauer’s Services Agreement provided his services
remain active under said Agreement. 

  

	 	(e)	Consulting Services. Immediately following the Termination Date, and upon acceptance of this Agreement, Bauer shall be retained as an independent consultant and
agree to provide consulting services to EXAR through July 11, 2013 (the “Consulting Period”) per the terms of the attached Services Agreement. During the Consulting Period Bauer will devote up to a maximum of ten (10) hours per
month, except as noted specifically for the “Project Bonus”, to the Company and such of its subsidiaries as the Senior Vice President & CFO and/or the CEO may designate. Bauer will receive total compensation for this period as follows:

  

	 	1.	Equity. Immediately following the Termination Date, and upon acceptance of this Agreement, Bauer will continue to vest any outstanding shares that were granted
prior to the Termination Date through the end of the Consulting Period. 

  

	 	2.	Project Bonus. Bauer will receive a lump sum project bonus of $25,000 for his full time availability and assistance in closing, reconciling, and preparing the
Quarterly Financials for Q3 of Fiscal Year 2013, and providing assistance as needed to the Senior Vice President and CFO and/or the CEO in the preparation of the Q3 FY13 Earnings Release statement. Payment is at the discretion of the CEO and will be
commensurate with satisfactory completion of deliverables. 

 3. Proprietary Information. Bauer
acknowledges that he will continue to abide by the obligations under his proprietary information agreement, including but not limited to, his obligation to refrain from unauthorized use or disclosure of EXAR’s proprietary information. A copy of
that agreement is attached hereto as Exhibit A. 
 4. Property. Bauer hereby represents and warrants to EXAR that by the
Termination Date, he will return to EXAR all EXAR documents (and all copies thereof) and other EXAR property which he has had in his possession at any time, including, but not limited to, EXAR files, notes, drawings, records, business plans and
forecasts, financial information, specifications, computer-recorded information, tangible property, credit cards, entry cards, identification badges and keys, laptops and phones; and any materials of any kind which contain or embody any proprietary
or confidential information of EXAR (and all reproductions thereof) (“EXAR Property”). 
 5. Non-disparagement.
Bauer agrees that he will not disparage EXAR in any manner likely to be harmful to the business, its products, potential products, or the personal or business reputation of EXAR’s directors, shareholders or employees. 

6. Confidentiality. The provisions of this Agreement shall be held in strictest confidence by Bauer and EXAR and shall not be
publicized or disclosed in any manner whatsoever; provided, however, that: (a) Bauer may disclose this Agreement to his 

  
  

EXAR Corporation • 48720 Kato Road • Fremont, CA 94538 • Main 510-668-7000 • Fax 510-668-7000 •
www.exar.com 

 
immediate family; (b) Bauer and EXAR may disclose this Agreement in confidence to their respective attorneys, accountants, auditors, tax preparers, and financial advisors; (c) EXAR may disclose
this Agreement as necessary to fulfill standard or legally required corporate reporting or disclosure requirements; and (d) Bauer and EXAR may disclose this Agreement insofar as such disclosure may be necessary to enforce its terms or as otherwise
required by law. 
 7. Release of Claims. Bauer hereby releases, acquits and forever discharges EXAR, its officers,
directors, agents, servants, employees, shareholders, successors, assigns and affiliates, of and from any and all claims, or potential claims, liabilities, demands, causes of action, costs, expenses, attorneys’ fees, damages, indemnities and
obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way related to agreements, events, acts or conduct at any time prior to and
including the Termination Date, including but not limited to: any and all such claims and demands directly or indirectly arising out of or in any way connected with Bauer’s employment with EXAR or the termination of that employment; claims or
demands related to salary, bonuses, commissions, stock, stock options, or any other ownership interests in EXAR, vacation pay, fringe benefits, expense reimbursements, severance benefits, or any other form of compensation; claims pursuant to any
federal, state, or local law or cause of action including, but not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age Discrimination in Employment Act of 1967, as amended (“ADEA”); the federal Americans with
Disabilities Act of 1990; the California Fair Employment & Housing Act, as amended; tort law; contract law; wrongful discharge; discrimination; fraud; defamation; emotional distress; and breach of the implied covenant of good faith and fair
dealing. Effective July 11, 2013, the Company will release, acquit and forever discharge Bauer of and from any and all claims, or potential claims, liabilities, demands, causes of action costs, expenses, attorneys’ fees, damages,
indemnities and obligations of every kind and nature, in law, equity, or otherwise, known or unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way related to Bauer’s Employment with EXAR except claims or
potential claims, liabilities, demands, causes of action, costs, expenses, attorneys’ fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, in any way related to acts of fraud, willful misconduct and
gross negligence. 
 8. ADEA Waiver. Bauer acknowledges the he is knowingly and voluntarily waiving and releasing any
rights he may have under the federal Age Discrimination in Employment Act of 1967, as amended. He also acknowledges that the consideration given for the waiver in the above paragraph is in addition to anything of value to which he was already
entitled. He further acknowledges that he has been advised by this writing, as required by the ADEA that: (a) this waiver and release do not apply to any claims that may arise after the Termination Date of this Agreement; (b) he has the right to
consult with an attorney prior to executing this Agreement; (c) he has twenty-one (21) days within which to consider this Agreement (although he may choose to voluntarily execute this Agreement earlier); (d) he has seven (7) days following the
execution to this Agreement to revoke the Agreement; (e) this Agreement shall not be effective until the date upon which the revocation period has expired, which shall be the eighth day after this Agreement is executed by Bauer, provided that EXAR
has also signed the Agreement by that date (“Effective Date”). If Bauer revokes the Agreement within seven days provided for by this paragraph, he agrees to return to or reimburse EXAR all consideration provided to him by EXAR under this
Agreement. 

  
  

EXAR Corporation • 48720 Kato Road • Fremont, CA 94538 • Main 510-668-7000 • Fax 510-668-7000 •
www.exar.com 

 9. Section 1542 Waiver. In granting the releases herein, Bauer acknowledges that
he has read and understands Section 1542 of the Civil Code of the State of California which reads as follows: 
 A
general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by his must have materially affected his settlement with the debtor. 

The parties fully understand that if the facts upon which this Agreement is given are found hereafter to be other than or different from
the facts now believed to be true, the parties expressly accept and assume the risk of such possible difference in facts and agree that this Agreement shall be and remain effective notwithstanding any such differences in facts. The parties hereby
expressly agree that this Agreement shall extend to and apply to all unknown, unsuspected and unanticipated injuries and damages as well as those that are now disclosed. 
 10. References. Bauer agrees to refer all inquiries from prospective employers to EXAR’s Vice President, Human Resources. 

11. Entire Agreement. This Agreement, including Exhibit A constitutes the complete, final and exclusive embodiment of the entire
agreement between Bauer and EXAR with respect to the subject matter hereof. This Agreement is executed without reliance upon any promise, warranty or representation, written or oral, by any party or any representation of any party other than those
expressly contained herein and it supersedes any other such promises, warranties or representations. Bauer acknowledges that he has carefully read this Agreement, has been afforded the opportunity to be advised of its meaning and consequences by an
attorney, and signed the same of his own free will. This Agreement may not be amended or modified except in a writing signed by both Bauer and a duly authorized officer of EXAR. 

12. No Admissions. It is understood and agreed by Bauer and EXAR that this Agreement represents a compromise settlement of various
matters, that the promises and payments in consideration of this Agreement shall not be construed to be an admission of any liability or obligation by either party to other party or to any other person, and that neither party makes any such
admission. 
 13. Applicable Law. This Agreement shall be deemed to have been entered into and shall be construed and
enforced in accordance with the laws of the State of California as applied to contracts made and to be performed entirely within California. 
 14. Non-Solicitation: Bauer agrees that for one year following the Termination Date he will not, either directly or through others, solicit or attempt to solicit any employee, consultant, or
independent contractor of the Company in order to become an employee, consultant or independent contractor to or for any other person or entity. 
 15. Severability. Should any provision herein be in any respect declared invalid, illegal or unenforceable, such invalidity, illegality or unenforceability shall not affect the enforceability of
the other provisions of this Agreement, which shall remain in full force and effect, and be interpreted as though such invalid, illegal or unenforceable provision were not a part thereof, except that if any of the release provisions of this
Agreement are found to be unenforceable, then the party in whose favor those release provisions were to apply shall have the option to declare the entire Agreement null and void. If any party declares this Agreement null and void as to it pursuant
to this section, each other party shall also have the option of declaring the Agreement null and void as to it or him. 

  
  

EXAR Corporation • 48720 Kato Road • Fremont, CA 94538 • Main 510-668-7000 • Fax 510-668-7000 •
www.exar.com 

 16. Successors and Assigns. This Agreement shall bind the heirs, personal
representatives, successors, assigns, executors, and administrators of each party, and inures to the benefit of each party, its heirs, successors and assigns. However, because of the unique and personal nature of his duties under this Agreement,
Bauer agrees not to delegate the performance of his duties under this Agreement. 
 17. Dispute Resolution / Attorneys’
Fees. The parties and signatories hereto represent that they have had an opportunity to be represented by counsel of their own choosing in the negotiations for and preparation of this Agreement, that they did in fact thoroughly discuss ail
aspects of this Agreement with their respective counsel, that they have carefully and fully read this Agreement, and that they freely and voluntarily enter into it. Accordingly, the normal rule of construction that any ambiguities are to be resolved
against the drafting party shall not be utilized in the interpretation of this Agreement. 
 Unless otherwise prohibited by law or specified
below, ail disputes, claims and causes of action, in law or equity, arising from or relating to this Agreement or its enforcement, performance, breach, or interpretation shall be resolved solely and exclusively by final, binding and confidential
arbitration through Judicial Arbitration & Mediation Services/Endispute, Inc. (“JAMS”) under the then existing JAMS arbitration rules. This arbitration shall be held in Alameda County. However, nothing in this section is intended
to prevent either party from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration. The prevailing party in any such action shall be entitled to reimbursement of its attorneys’ fees and
all other costs that may be incurred. 
 IN WITNESS WHEREOF, the parties have executed this Agreement on the dates set
forth below. 
  

									
	 LOUIS DINARDO

PRESIDENT & CEO
	 		 	 KEVIN BAUER
 SR VP, FINANCE & CFO

					
	By:	 	 /s/ LOUIS DINARDO
	 		 	By:	 	 /s/ KEVIN BAUER

					
	Dated:	 	 12/14/12
	 		 	Dated:	 	 12/14/2012

  
  

EXAR Corporation • 48720 Kato Road • Fremont, CA 94538 • Main 510-668-7000 • Fax 510-668-7000 •
www.exar.comEX-10.2

 Exhibit 10.2 
 SERVICES AGREEMENT 
 This Services Agreement (this “Agreement”) is made and
entered into as of January 12, 2013 by and between EXAR Corp. (including its subsidiaries) located at 48720 Kato Rd., Fremont, CA 94538 and its affiliates (“Company” or “EXAR”), and Kevin Bauer, party signing below
who is also listed on Exhibit A attached hereto (“Contractor”). 
 Company desires to retain Contractor as an independent contractor
to perform certain services for Company, and Contractor is willing to perform such services, on terms set forth more fully below. In consideration of the mutual promises contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties agree as follows: 
  

	1.	SERVICES AND COMPENSATION 

 (a)
Contractor shall perform for Company the services described in Exhibit A attached hereto (the “Services”). 
 (b) Company shall
pay Contractor the compensation set forth in Exhibit A for the performance of the Services as the entire compensation for the Services to Company. Invoices shall be paid within thirty (30) days of receipt of an invoice from Contractor.
Invoices should be submitted on or near the completion of milestones or monthly. 
 (c) Contractor’s services are to be provided on a
non-exclusive basis, and Contractor shall diligently perform all of the duties and to devote the time, skill, energy and ability to the performance of all the Services and the fulfillment of all duties as required under this Agreement. The list of
duties is set forth in Exhibit A. 
 (d) Unless otherwise stated in writing in a Statement of Work, the payment amounts or rates given in
Statement of Work are Contractor’s total payments, and Contractor is responsible for expenses it incurs in providing the Services. If Contractor is being reimbursed for expenses, Contractor shall keep written records or accounts of his
expenses, and of the days during which the Services were rendered as required hereunder, in the form satisfactory to Company and to submit those records and accounts to Company promptly following the end of each month. Company shall reimburse
Contractor for all reasonable expenses incurred by Contractor according to the terms specified in Exhibit A. Reimbursement is to be made by Company to Contractor not later than sixty (60) days following receipt by Company of the written reports
and accounts as provided above. 
 (e) Company conducts its business within the highest standards of ethics and integrity. Contractor is
expected to conduct business in the same manner with respect to all matters related to this agreement. Contractor shall permit random audits of supplier records in order to verify compliance with the terms of the agreement. These audits will occur
at the time and place of Company’s choosing. 
 (f) Any employees, independent consultants, agents, representatives, and contractors of
Contractor who perform services hereunder will be selected by Contractor, but Company shall have the right to reject any such party. Before providing services, any employee, independent consultant, agent, representative and contractor must have
agreed in writing to observe these terms and conditions and must have executed a non disclosure and assignment of rights agreement(s) containing terms and conditions at least as restrictive as those in this Agreement and which allow Contractor to
grant the assignments to Company as provided herein. Contractor shall not otherwise delegate its obligations hereunder. Concurrently herewith and from time to time, Company may require the employees, independent consultants, agents, representatives,
and contractors of Contractor to sign acknowledgements with respect to the foregoing. 
  

	2.	CONFIDENTIALITY 

 (a)
Definition. “Confidential Information” means any Company proprietary information, Company technical data, Company trade secrets or Company know-how, including, but not limited to, research, product plans, products, services,
suppliers, employee lists and employees, customers lists and customers (including but not limited to customers of Company with whom Contractor may become acquainted during the term of the Consultancy relationship), markets, software, developments,
inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, budgets or other business information disclosed by Company either directly or indirectly in writing, orally or by
drawings or inspection of parts or equipment. Confidential Information does not include information which: (i) is known to Contractor at the time of disclosure to Contractor by Company as evidenced by written records of Contractor’s, (ii) has
become publicly known and made generally available through no wrongful act of Contractor’s, or (iii) has been rightfully received by Contractor from a third party who is authorized to make such disclosure. 

 (b) Non-Use and Non-Disclosure. Contractor shall prevent disclosure and shall not, during or
subsequent to the term of this Agreement, use Company’s Confidential Information for any purpose whatsoever other than the performance of the Services on behalf of Company or disclose Company’s Confidential Information to any third party.
It is understood that said Confidential Information shall remain the sole property of Company. Contractor further agree to take all reasonable precautions to prevent any violation of these provisions (or the other provisions of this Agreement),
including, without limitation, requiring, all of Contractor’s employees, independent consultants, agents, representatives and contractors performing Services hereunder to execute a written agreement protecting Confidential Information received
by Contractor and containing provisions at least as restrictive as those set forth in this Agreement. 
 (c) Third Party Confidential
Information. Contractor recognizes that Company has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on Company’s part to maintain the confidentiality of such
information and to use it only for certain limited purposes. Contractor agrees that Contractor owes Company and such third parties, during the term of this Agreement and thereafter, a duty to hold all such confidential or proprietary information in
the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out the Services for Company consistent with Company’s agreement with such third party. 

(d) Third Party Confidential Information. Contractor agrees that Contractor will not, during the term of this Agreement, improperly use or
disclose any proprietary information or trade secrets of any former or current client or other person or entity with which Contractor has an agreement or duty to keep in confidence information acquired by Contractor, if any, and that Contractor will
not bring onto the premises of Company any unpublished document or proprietary information belonging to such employer, person or entity unless consented to in writing by such employer, person or entity. Contractor also agrees that the employees
provided by Contractor will not use the resources of Contractor’s former or current clients. Contractor will indemnify Company and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable
attorney’s fees and costs of suit, arising out of or in connection with any violation or claimed violation of a third party’s rights resulting in whole or in part from Company’s use of the work product of Contractor’s under this
Agreement. 
  

	3.	OWNERSHIP 

 (a) Assignment.
Contractor agrees that all copyrightable material, notes, records, drawings, designs, inventions, improvements, developments, discoveries and trade secrets conceived, made or discovered by Contractor, solely or in collaboration with others, during
the period of this Agreement which relate in any manner to the business of Company that Contractor may be directed to undertake, investigate or experiment with, or which Contractor may become associated with in work, investigation or experimentation
in the line of business of Company in performing the Services hereunder (collectively, “Work Product”), are the sole property of Company. Contractor further agrees to assign (or cause to be assigned) and do hereby assign fully to Company
all Work Product and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. 
 (b) Further
Assurances. Contractor shall assist Company, or its designee, at Company’s expense, in every proper way to secure Company’s rights in the Work Product and any copyrights, patents, mask work rights or other intellectual property rights
relating thereto in any and all countries, including the disclosure to Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments and all other instruments which Company
shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to Company, its successors, assigns and nominees the sole and exclusive right, title and interest in and to such Work Product, and any copyrights,
patents, mask work rights or other intellectual property rights relating thereto. Contractor further agrees that Contractor’s obligation to execute or cause to be executed, when it is in Contractor’s power to do so, any such instrument or
papers shall continue after the termination of this Agreement. 
 (c) Maintenance of Records. Contractor shall keep and maintain adequate
and current written records of all Work Product made by Contractor (solely or jointly with others) during the term of this Agreement. The records 

 
will be in the form of notes, sketches, drawings, and any other format that may be specified by Company. The records will be available to and remain the sole property of Company at all times and
will be returned to Company upon the termination of this Agreement or Company’s earlier request. 
 (d) Pre-Existing Materials.
Contractor agrees that if in the course of performing the Services, Contractor incorporates into any Work Product developed hereunder any invention, improvement, development, concept, discovery or other proprietary information owned by Contractor or
in which Contractor has an interest (“Pre- Existing Materials”), (i) Contractor shall inform Company, in writing, before incorporating any such Pre-Existing Materials into any Work Product; and, whether or not Contractor comply with
the foregoing, (ii) Company is hereby granted and shall have a nonexclusive, royalty-free, perpetual, irrevocable, worldwide license (including the right to sublicense) to use, reproduce, distribute, perform, display prepare derivative works
of, make, have made, modify, sell, import and export sell any such Pre-Existing Materials as part of or in connection with such Work Product or the business of Company. Contractor shall not incorporate any invention, improvement, development,
concept, discovery or other proprietary information owned in whole or in part by any third party into any Work Product without Company’s prior written permission. 
 (e) Attorney in Fact. Contractor agrees that if Company is unable because of Contractor’s unavailability, dissolution, mental or physical incapacity, or for any other reason, to secure
Contractor’s signature to apply for or to pursue any application for any United States or foreign patents or mask work or copyright registrations covering the Work Product assigned to Company above, then Contractor hereby irrevocably designate
and appoint Company and its duly authorized officers and agents as Contractor’s agent and attorney in fact, to act for and in Contractor’s behalf and stead to execute and file any such applications and to do all other lawfully permitted
acts to further the prosecution and issuance of patents, copyright and mask work registrations thereon with the same legal force and effect as if executed by Contractor. 
 (f) Inventions Assigned to the United States. Contractor shall assign to the United States government all of Contractor’s right, title, and interest in and to any and all Work Product whenever
such full title is required to be in the United States by a contract between Company and the United States or any of its agencies. 
 (g)
Representations and Warranties. Contractor hereby represents and warrants that (i) all Work Product will be Contractor’s original work; (ii) the Work Product will not infringe the copyright, patent, trade secret, or any other
intellectual property right of any third party; (iii) the Work Product will not be obscene, libelous, or violate the right of privacy or publicity of any third party; (iv) neither the Work Product nor any element thereof will be subject to
any restrictions, mortgages, liens, encumbrances, security interests or encroachments; (v) all of Contractor’s employees, independent consultants, agents, representatives and contractors, as applicable, performing any of the Services have
executed written non disclosure, assignment of rights and other appropriate agreements sufficient to protect the confidentiality of the Confidential Information, and sufficient to allow Contractor to grant the assignments to Company as provided
herein; and (vi) the Work Product will not contain any virus, trap door, worm, or any other device that is injurious or damaging to software or hardware used in conjunction with the Work Product. 

 

	4.	CONFLICTING OBLIGATIONS 

Contractor certifies that Contractor has no outstanding agreement or obligation that is in conflict with any of the provisions of this Agreement, or that
would preclude Contractor from complying with the provisions hereof, and further certifies that Contractor will not enter into any such conflicting agreement during the period of Contractor’s consultancy to Company. 

 

	5.	REPORTS 

 Contractor agrees that
Contractor will from time to time during the term of this Agreement or any extension thereof keep Company advised as to Contractor’s progress in performing the Services hereunder and that Contractor will, as requested by the Company, prepare
written reports with respect thereto. 

	6.	RETURN OF MATERIALS 

 Upon the
termination of this Agreement, or upon Company’s earlier request, Contractor shall deliver to Company all of Company’s property or Confidential Information that Contractor may have in Contractor’s possession or control and, upon
Company’s request to sign and deliver to Company a confirmation of same. 
  

	7.	TERM AND TERMINATION 

 (a)
Term. This Agreement will commence on the date first written above and will continue through (i) July 11, 2013 or (ii) termination as provided below. 
 (b) Termination. Company may terminate this Agreement immediately and without prior notice if Contractor refuses to or is unable to perform the Services or is in breach of any material provision of
this Agreement. Any such notice shall be addressed to Contractor at the address shown below or such other address as either party may notify the other of and shall be deemed given upon delivery if personally delivered, or forty-eight (48) hours
after deposited in the United States mail, postage prepaid, registered or certified mail, return receipt requested. 
 (c) Survival. Upon
such termination all rights and duties of the parties toward each other shall cease except Sections 2, 3, 5, 7 and 9-19 shall survive termination of this Agreement. 
 (d) Upon termination, if Contractor has performed the Services to the satisfaction of Company and Contractor is not in breach hereunder, Company shall pay, within thirty (30) days of the effective
date of termination, all amounts owing to Contractor for Services completed and accepted by Company prior to the termination date and related expenses, if any, in accordance with the provisions of Section 1 (Services and Compensation) hereof;
and all further obligation or liability of Company to Contractor other than set forth above, shall cease and terminate as of the termination of this Agreement. 
  

	8.	INDEPENDENT CONTRACTOR 

 It is the
express intention of the parties that Contractor is an independent contractor. Nothing in this Agreement shall in any way be construed to constitute Contractor as an agent, employee or representative of Company, and Contractor shall perform the
Services hereunder as an independent contractor. This Agreement does not constitute a hiring by either party. Contractor shall be under the control of Company as to the result of Contractor’s work only, and not as to the means by which such
results are accomplished. Contractor shall not be considered under the provisions of this Agreement or otherwise as having employee status. It is understood that the relationship of Contractor to Company shall not bring Contractor under the
provisions of the United States Social Security Act, the State Unemployment Act, or any similar act wherein coverage is based on the relationship of employee or employer. Except to the extent specified on the schedule/SOW, Contractor shall furnish
(or reimburse Company for) all tools and materials necessary to accomplish this contract, and shall incur all expenses associated with performance, except as expressly provided on Exhibit A of this Agreement. Contractor acknowledges and agrees that
Contractor is obligated to report as income all compensation received by Contractor pursuant to this Agreement, and Contractor shall and acknowledge the obligation to pay all self-employment and other taxes thereon. In furtherance and not in
limitation of the foregoing, no statement in Section 11 (Arbitration and Equitable Relief) shall be construed as modifying Contractor’s status as an independent contractor. 

 

	9.	BENEFITS 

 Contractor acknowledges
and agrees and it is the intent of the parties hereto that Contractor receive no Company- sponsored benefits from Company either as a Contractor or employee. Such benefits include, but are not limited to, paid vacation, sick leave and medical
insurance. If Contractor is reclassified by any governmental or other authority or court as an employee, Contractor will become a reclassified employee and will receive no benefits except those mandated by state or federal law, even if by the terms
of Company’s benefit plans in effect at the time of such reclassification Contractor would otherwise be eligible for such benefits. 

	10.	ARBITRATION AND EQUITABLE RELIEF 

(a) Arbitration Subject to the provisions of subsection (b) below, contractor and company agree that any dispute or controversy arising out of,
relating to, or concerning any interpretation, construction, performance or breach of this agreement, shall be settled by arbitration to be held in Santa Clara county, California, in accordance with the rules of the American Arbitration Association
then in effect. The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the
arbitrator’s decision in any court having jurisdiction. 
 (b) Equitable Remedies The parties may apply to any court of competent
jurisdiction for a temporary restraining order, preliminary injunction, or other interim or conservatory relief, as necessary, without breach of this arbitration agreement and without abridgement of the powers of the arbitrator. 

(c) Independent Contractor Status Contractor understands that nothing in this section modifies contractor’s status as an independent contractor.

 (d) Waiver of Jury Trial Contractor understands that this arbitration clause constitutes a waiver of contractor’s right to a jury trial
and relates to the resolution of all disputes relating to all aspects of the relationship between contractor and company (except as provided in subsection (b) above), including, but not limited to, the following claims: 

i. any and all claims for breach of contract, both express and implied breach of the covenant of good faith and fair dealing, both
express and implied; negligent or intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; defamation; and wrongful discharge of
employment. 
 ii. any and all claims for violation of any federal, state or municipal statute, including, but not limited to,
title vii of the civil rights act of 1964, the civil rights act of 1991, the age discrimination in employment act of 1967, the americans with disabilities act of 1990, the fair labor standards act, the California fair employment and housing act, and
labor code section 201, et seq.; 
 iii. any and all claims arising out of any other laws and regulations relating to
employment or employment discrimination. 
 (e) Costs Company and contractor shall each pay one-half of the costs and expenses of such
arbitration, and each shall separately pay its counsel fees and expenses unless otherwise required by law. 
 (f) Acknowledgment
Contractor has read and understands this section, which discusses arbitration. Contractor understands that by signing this agreement, contractor shall submit any claims arising out of, relating to, or in connection with this agreement, or the
interpretation, validity, construction, performance, breach or termination thereof, to binding arbitration, except as provided in subsection (b) above, and that this arbitration clause constitutes a waiver of contractor’s right to a jury
trial and relates to the resolution of all disputes relating to all aspects of the relationship between the parties. 
  

	11.	ASSIGNMENT 

 Neither this Agreement
nor any right hereunder nor interest herein may be assigned or transferred by Contractor without the express written consent of Company. Contractor warrants that Contractor will not engage the services of independent contractors to provide any
Services under this Agreement without the prior written consent of Company. 
  

	12.	INDEMNITY 

 Contractor further
agrees to indemnify and hold harmless Company and its directors, officers, and employees from and against all taxes, losses, damages, liabilities, costs and expenses, including attorney’s fees and other legal expenses, arising directly or
indirectly from: (i) any suit or proceeding brought against Company or its parent or 

 
subsidiaries for violation of legally protected rights of any third parties, including but not limited to, copyright, patent trade secret, unfair competition or any and all other claims arising
out of the receipt, reliance upon or use by Company or its parent or subsidiaries of the Work Product, reports, and other documents and information furnished by or created by Contractor or Contractor’s employees in performing Services, (ii) a
determination by a court or agency that Contractor is not an independent contractor, (iii) any negligent, reckless or intentionally wrongful act of Contractor or Contractor’s assistants, employees or agents, or (iv) any breach by Contractor or
Contractor’s assistants, employees or agents of any of the representations, warranties or covenants contained in this Agreement. 
  

	13.	GOVERNING LAW 

 This Agreement
shall be governed by the laws of the State of California, without reference to its conflict of law principles. 
  

	14.	ENTIRE AGREEMENT 

 This Agreement
is the entire agreement of the parties and supersedes any prior agreements between them, whether written or oral, with respect to the subject matter hereof. No waiver, alteration, or modification of any of the provisions of this Agreement shall be
binding unless in writing and signed by duly authorized representatives of the parties hereto. 
  

	15.	NO WAIVER 

 No failure, refusal,
neglect, delay, waiver, forbearance, or omission of either Party under this Agreement to exercise any right under this Agreement, or to insist upon full compliance by the other with the obligations outlined in this Agreement shall constitute a
waiver of any provisions of this Agreement. 
  

	16.	NO SOLICITATION – EMPLOYEES 

Company agrees not to solicit the services of nor employ any of Contractor’s employees, either directly of indirectly, either for his own company or
any other companies, during the term of this Agreement and for a period of eighteen (18) months thereafter. 
  

	17.	COMPLIANCE WITH LAW AND POLICY 

(a) Contractor agrees at all times to comply with all applicable laws including those of the United States and the various states of the United States.
Contractor further warrants that he/she is familiar with the Foreign Corrupt Practices Act of the United States and agrees that his/her/its activities undertaken pursuant to this Agreement shall at all times be consistent with this law and any
similar law as well as all import and export laws, restrictions, national security controls and regulations of the United States and any applicable foreign agency or authority. Contractor shall not import, export or re-export, or authorize the
export or re-export of any product, technology, or information that it obtains or learns hereunder, or any copy or direct product thereof, in violation of any of such laws, restrictions, or regulations or without any license or approval required
thereunder. Any and all obligations of the parties hereunder shall be subject in all respects to such laws, restrictions, and regulations. 

(b) Contractor shall abide by all rules of conduct applicable to Company employees or visitors, including, without limitation, Company’s policies
regarding ethics, conflicts of interest, appropriate use of information technology, insider trading and prohibiting sexual or other harassment. 
  

	18.	ATTORNEYS’ FEES 

 In any court
action at law or equity which is brought by one of the parties to enforce or interpret the provisions of this Agreement, the prevailing party will be entitled to reasonable attorney’s fees, in addition to any other relief to which that party
may be entitled. 

	19.	SEVERABILITY 

 The invalidity or
unenforceability of any provision of this Agreement, or any terms thereof, shall not affect the validity of this Agreement as a whole, which shall at all times remain in full force and effect. 

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

 

			
	“COMPANY”: EXAR CORPORATION
		
	By:	 	 /s/ Thomas R. Melendrez

		
	Name:	 	 Thomas R. Melendrez

		
	Title:	 	 EVP, Legal

		
	Date:	 	 12-14-12

	
	CONTRACTOR:
		
	By:	 	 /s/ Kevin Bauer

		
	Name:	 	 Kevin Bauer

		
	Title:	 	  

		
	Date:	 	 12/14/2012

 EXHIBIT A (STATEMENT OF WORK) 

SERVICES AND COMPENSATION 
 Contractor Name: Kevin Bauer 
 Address: 290 Yerba Buena Place, Fremont, CA 94536 

Effective Date: January 12, 2013 
 Term:
through July 11, 2013 
 Compensation: 
  

	 	•	 	 TOTAL OF $25,000.00, payable in a lump sum, for full time availability and assistance in satisfactorily closing, reconciling and
preparing the Quarterly Financials for FY13 Q3 and providing assistance to the CEO and/or CFO in the preparation of the FY13 Q3 Earnings Release statement; 

 

	 	•	 	 Continued vesting of outstanding shares granted prior to January 11, 2013 for providing expertise and services up to a maximum of
ten (10) hours per month to assist EXAR and any of its subsidiaries in any and all issues related to the transition of management duties, projects and responsibilities within the Finance Division. 

Contractor’s direction and contact will be exclusively with the CEO and/or the CFO, unless otherwise directed.

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