Document:

Exhibit

Exhibit 10.2

June 22, 2016

Andy Lockhart
[Redacted]
[Redacted]

Re:  SVP, International Sales Cash Compensation and Commissions for Fiscal Year 2016

Dear Andy,

Further to our discussions and correspondence, Calix Inc. (the “Company”) is writing to you with regard to the proposed amendments which it would like to make to your contract of employment as at February 2, 2011 (the “Employment Contract”).

If you wish to accept the proposed amendments to the Employment Contract, please sign and return a copy of this letter, executed as a Deed.  By agreeing to this letter, both parties restate and reaffirm the existing terms of the Employment Contract in full and on the same terms (including the restrictive covenants and the appointment of the Company to be your attorney) except where those terms are amended as set out in this letter.  You and the Company agree that the amendments to your contract of employment will take effect from 1 January 2016.

The existing Clause 3.1 of the Employment Contract shall be replaced with the following new Clause 3.1:

 “3.1 Your gross basic salary is £187,272.00 per annum (or such other sum as agreed between you and the Company from time to time).  The salary will be paid after deduction of all taxes and national insurance contributions and is payable in equal monthly installments on or around the last day of each month in your nominated bank account”.
The existing Section called “Bonus” will be renamed “Bonus and Commission” and the existing Clauses 4.1 to 4.5 shall be deleted and replaced with the following new Clause 4.1:
“4.1 During your employment you will be eligible to receive: (a) an annual performance bonus with a target of 34.7% of your base salary pursuant to the terms and conditions of the Company’s 2016 Executive Cash Bonus Plan; and (b) certain sales incentive compensation (the “Commissions”) pursuant to the terms and conditions specified in the 2016 Calix Executive Sales Commissions and the 2016 Calix Sales Compensation Plan. For the 2016 Fiscal Year your target bonus under the Executive Cash Bonus Plan will be £65,000 (or 34.7%) and your variable compensation (bookings attainment at target and without Accelerators) will be £90,000 (or 48.0%) giving you a total target cash compensation of £342,272.00.”

Clause 10 of the Employment Contract shall be deleted.

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DB2/ 30342998.1 

Insert the following new Clause 13.3 into the Employment Contract:

“13.3 The Company will comply with its obligations under the Pensions Act 2008 from the date when these apply to you.  If these obligations apply, the Company may be required to automatically enroll you into a qualifying pension scheme and to deduct minimum pension contributions from your salary.”
 
This document has been executed as a deed and is delivered and takes effect on the date specified below.
This Deed is dated June 22, 2016

SIGNED as a DEED and        )
DELIVERED on behalf of        )
Andy Lockhart    
Senior Vice President, International Sales
....................................................................................
in the presence of:                        
Witness signature:    ..............................................
Witness name:        ..............................................
Witness address:    ..............................................
..............................................
..............................................
Witness occupation:    ..............................................

SIGNED as a DEED and        )
DELIVERED on behalf of        )
Calix Inc, acting by, Carl Russo     
President and Chief Executive Officer

    

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DB2/ 30342998.1 

SIGNED as a DEED and        )
DELIVERED on behalf of        )
Calix Inc, acting by, William Atkins                   
Executive Vice President and Chief Financial Officer

    

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DB2/ 30342998.1Exhibit

Exhibit 10.3
CONSULTING AGREEMENT

This Consulting Agreement (the “Agreement”) is made effective as of July 29, 2016 by and between Calix, inc., a Delaware corporation (“Company”) and Kevin peters, an individual (“Consultant”), for the purpose of setting forth the terms and conditions by which Company will engage Consultant to perform services (“Services”) on a temporary basis.
1.Work And Payment.
1.1.Project Assignment. Attached to this Agreement as Exhibit A is a project assignment describing the Services that Consultant will perform (“Project Assignment”). This Project Assignment will be subject to the terms and conditions of this Agreement.
1.2. Services. Subject to the terms of this Agreement, Consultant will render the Services set forth in the Project Assignment. The manner and means by which Consultant chooses to complete projects are in Consultant’s sole discretion and control. In performing the Services and completing the projects, Consultant will use Consultant’s own equipment, tools and other materials at Consultant’s own expense.
2.Confidential Information.
2.1. Definition. During the term of this Agreement and in the course of Consultant’s performance hereunder, Consultant may receive and otherwise be exposed to Confidential Information. “Confidential Information” shall include confidential and proprietary information relating to Company’s business practices, customer lists, strategies, designs, products, processes, trade secrets, know-how, technologies and inventions. Any of such information, in whatever form and whether or not marked as confidential or proprietary, and all derivatives, improvements and enhancements to any of the above, whether provided to Consultant, or created or developed by Consultant under this Agreement, as well as information of third parties as to which Company has an obligation of confidentiality, shall all be treated as the confidential and proprietary information of Company. 
2.2. Restrictions on Use and Disclosure. Consultant acknowledges the confidential and secret character of the Confidential Information, and agrees that the Confidential Information is the sole, exclusive and extremely valuable property of Company. Accordingly, Consultant agrees not to use or reproduce the Confidential Information except as necessary in the performance of this Agreement, and not to disclose all or any part of the Confidential Information in any form to any third party, either during or after the term of this Agreement, without the prior written 

 
consent of Company. In addition, Consultant represents that during Consultant’s provision of Services, even if before the execution of this Agreement, Consultant has not used the Confidential Information except in the performance of this Agreement without the prior written consent of Company, and has not disclosed all or any part of the Confidential Information in any form to any third party.
2.3. Exceptions. The obligations of confidentiality set forth in Section 2.2 will not apply to the extent that such Confidential Information: (a) was generally available to the public or otherwise part of the public domain at the time of disclosure; (b) became generally available to the public or otherwise part of the public domain after its disclosure and other than through any act or omission of Consultant; (c) was already known to Consultant, without confidentiality restrictions, at the time of disclosure; (d) was disclosed to Consultant, without confidentiality restrictions, by a third party who had no obligation not to disclose such information to others; or (e) was developed independently by Consultant without any use of or reference to the Confidential Information, as shown by Consultant’s contemporaneous written records.
2.4. Third Party Information. Consultant shall not disclose or otherwise make available to Company in any manner any confidential information received by Consultant under obligations of confidentiality from a third party.
3.Ownership; Licenses.
3.1.Work Product; Assignment. Consultant agrees that Company shall be the sole and exclusive owner of all right, title and interest in and to all ideas, inventions, works of authorship, work product, materials, and other deliverables (i) conceived, made, developed, reduced to practice, or worked on by Consultant in the course of providing services for Company prior to the date of this Agreement, (ii) that Consultant conceives, makes, develops or works on in the course of providing the Services for Company following execution of this Agreement, and (iii) all patent, copyright, trademark, trade secret and other intellectual property rights in any of the foregoing, whether now known or hereafter recognized in any jurisdiction (collectively, “Work Product”). Consultant hereby assigns to Company all of Consultant’s right, title and interest in and to any and all Work Product. Consultant hereby waives any applicable moral rights in the Work Product.
3.2. Assistance. Consultant agrees to execute all papers, including patent applications, invention assignments and copyright assignments, and otherwise agrees to assist Company as reasonably required at 

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Company’s reasonable expense to perfect in Company the right, title and other interest in Work Product expressly granted to Company under this Agreement.
3.3. License to Perform Services. Company hereby grants to Consultant a non-exclusive, limited license during the term of this Agreement, under all intellectual property rights owned or controlled by Company, solely to the extent required for Consultant to perform Services in accordance with the terms of this Agreement. With the exception of the foregoing limited license, no right, title or interest in or to any intellectual property rights of the Company are granted to Consultant under this Agreement. 
4.Term and Termination. The initial term of this Agreement shall be August 1, 2016 through September 2, 2016 (five weeks).  This Agreement shall expire at the end of the initial term; provided, however, that at the end of the initial term, the Agreement may be extended for an additional period or periods upon mutual agreement by the Company and Consultant in writing.  Sections 2 through 6 shall survive expiration or any termination of this Agreement.
5.Independent Contractor. Consultant’s relationship with Company will be that of an independent contractor and nothing in this Agreement should be construed to create a partnership, joint venture, or employer-employee relationship. Consultant is not the agent of Company in performing its duties under this Agreement, and is not authorized to make any representation, warranty, contract, or commitment on behalf of Company in its capacity as a Consultant hereunder. Consultant will be solely responsible for all tax returns and payments required to be filed with or made to any federal, state or local tax authority with respect to Consultant’s performance of services and receipt of fees under this Agreement. Because Consultant is an independent contractor, Company will not withhold or make payments for social security, make unemployment insurance or disability insurance contributions, or obtain worker’s compensation insurance on Consultant’s behalf. Consultant agrees to accept exclusive liability for complying with all applicable state and federal laws governing self-employed individuals, including obligations such as payment of taxes, social security, disability and other contributions based on fees paid to Consultant under this Agreement.
6.General.
6.1. Assignment. The parties’ rights and obligations under this Agreement will bind and inure to the benefit of their respective successors, heirs, executors, administrators and permitted assigns. Company may freely assign this Agreement, and Consultant expressly agrees that any intellectual property rights licensed to Company are transferable to Company’s assignee without Consultant’s consent. Consultant shall not assign this Agreement or Consultant’s rights or obligations hereunder without the prior written consent of Company. Any such purported assignment not in accordance with this Section 6.2 shall be null and void.

 
6.2. Governing Law; Jurisdiction. The rights and obligations of the parties under this Agreement shall be governed in all respects by the laws of the State of California without regard to conflict of law principles. Consultant agrees that, upon Company’s request, all disputes arising hereunder shall be adjudicated in the state and federal courts having jurisdiction over disputes arising in San Francisco, California, and Consultant hereby agrees to consent to the personal jurisdiction of such courts.
6.3. Notices. All notices or reports permitted or required under this Agreement shall be in writing and shall be delivered by personal delivery, electronic mail, facsimile transmission or by certified or registered mail, return receipt requested, and shall be deemed given upon personal delivery, five days after deposit in the mail, or upon acknowledgment of receipt of electronic transmission. Notices shall be sent to such address as either party may specify in writing.
6.4. Entire Agreement; Waiver and Modification; Severability; Construction. This Agreement may not be waived, modified or amended unless mutually agreed upon in writing by both parties. As used in this Agreement, the words “include” and “including,” and variations thereof, will be deemed to be followed by the words “without limitation.” In the event any provision of this Agreement is found to be legally unenforceable, such unenforceability shall not prevent enforcement of any other provision of this Agreement. The parties hereto agree that any rule of construction to the effect that ambiguities are to be resolved against the drafting party will not be applied in the construction or interpretation of this Agreement. This agreement may be executed in two or more counterparts, each of which will be considered an original, but all of which together will constitute one and the same instrument. This Agreement and any Project Assignments agreed upon by the parties constitute the parties’ final, exclusive and complete understanding and agreement with respect to the subject matter hereof, and supersede all prior and contemporaneous understandings and agreements relating to its subject matter. In the event of any conflict between this Agreement and any Project Assignment, this Agreement shall govern.
(Signature Page Follows)

    

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.
	
		
	CALIX, INC.
	KEVIN PETERS

	By: /s/ William J. Atkins
	By: /s/ Kevin Peters

	Name:  William J.  Atkins
	 

	Title:  EVP & Chief Financial Officer
	 

	 
	 

	Date: July 29, 2016
	Date: July 29, 2016

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Exhibit A
Project Assignment
		
	Initial term:
	August 1, 2016 - September 2, 2016 (five weeks)

		
	Work to be performed: 
	Consulting and advisory services with respect to Company customer projects and opportunities and such other matters based on Consultant’s experience and expertise as may be agreed between Company and Consultant from time to time.

Payment:            $10,000 per week

		
	Expenses to be reimbursed: 
	Reasonable and necessary expenses related to travel and other direct expenses incurred in connection with rendering the Work to be Performed, not to exceed $15,000 for the initial term unless approved in advance by the Company in writing. 

Maximum amount Company is 
required to pay (if applicable):     Not in any event to exceed $100,000 

Approved by:
	
		
	CALIX, INC.
	KEVIN PETERS

	By: /s/ William J. Atkins
	By: /s/ Kevin Peters

	Name:  William J.  Atkins
	 

	Title:  EVP & Chief Financial Officer
	 

	Date: July 29, 2016
	Date: July 29, 2016

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