Document:

EX-10.1

 Exhibit 10.1 
  

 
  

							
		 		 		    	 20 North First Street
 First Floor

Los Altos, CA 94022
 Tel: 650-518-7111

 October 30, 2015 

Mr. James Wheat 
 Via E-mail 

Dear James, 
 On behalf of Unwired Planet, Inc. (the
“Company” or “Unwired Planet”), I am pleased to offer you the position of Chief Financial Officer of Unwired Planet. Your first day of employment with the Company will be November 2, 2015, unless an earlier start date is
mutually agreed. You will report to Mr. Boris Teksler, the Company’s Chief Executive Officer. This letter agreement sets forth the terms of your employment with the Company. 

COMPENSATION: 
 Base Salary: Your
initial base salary will be at the rate of $290,000 per year, less payroll deductions and all required withholdings, paid regularly in accordance with standard Company procedures. You will be eligible for periodic salary reviews based on the
Company’s and your individual performance. 
 Bonus: You will be eligible to be considered for an incentive bonus in the target amount of sixty
percent (60%) and up to a maximum amount of ninety percent (90%) of your annual base salary for each fiscal year of the Company relative to milestones to be agreed upon between you and the Company’s Chief Executive Officer, subject to
periodic review. You must remain employed by the Company on the last day of such fiscal year to earn and be eligible for a bonus. 
 Equity: The
Company will grant you an option to purchase 500,000 shares of common stock (the “Option”), subject to Board approval. The Option will have an associated exercise price set at the closing price of the Company’s common stock on the
date of grant (the “Grant Date”). The Option will vest over three (3) years (with one-third vesting on the first (1st) anniversary of the commencement of your employment and the balance vesting in ratable quarterly installments)
subject to your continued employment. The Option will be subject to the terms and conditions of the Company’s Second Amended and Restated 2006 Stock Incentive Plan (as amended, restated or otherwise modified from time to time, the
“Plan”). In the event of a Change in Control (as defined below) and the termination of your employment with the Company or its successor entity by the Company or its successor entity without Cause (as defined below) during the twelve
(12) months following such Change in Control, the Option shall immediately vest and shall become exercisable upon the termination of your employment. 

For purposes of the foregoing, “Cause” shall mean any of the following: (i) your conduct constituting a material act of misconduct in
connection with the performance of your duties, including, without limitation, misappropriation of funds or property of the Company or any 

 
of its affiliates; (ii) your commission of any felony or a misdemeanor involving moral turpitude, deceit, dishonesty or fraud, or any conduct by you that would reasonably be expected to
result in material injury or reputational harm to the Company or any of its affiliates if you were retained in this position; (iii) your continued non-performance of your duties hereunder (other than by reason of your physical or mental
illness, incapacity or disability) which has continued for more than 30 days following written notice of such non-performance from the Board; (iv) your breach of the Confidentiality Agreement or any of its restrictive covenant obligations
(e.g., confidentiality, non-solicitation, etc.); (v) your material violation of the Company’s written employment policies; or (vi) failure to cooperate with a bona fide internal investigation or an investigation by regulatory or law
enforcement authorities, after being instructed by the Company to cooperate, or the willful destruction or failure to preserve documents or other materials known to be relevant to such investigation or the inducement of others to fail to cooperate
or to produce documents or other materials in connection with such investigation. 
 For purposes of the vesting acceleration provisions that apply to your
stock option grant, “Change in Control” shall mean the occurrence of any of the following events: (i) any person or group is or becomes the beneficial owner, directly or indirectly, of more than 50% of the total voting power of the
voting stock of the Company, including by way of merger, consolidation or otherwise; (ii) a Qualifying Asset Sale (as defined below) to a person or group of related persons, as such terms are defined or described in 
Sections 3(a)(9)
and 13(d)(3) of the Securities Exchange Act of 1934; (iii) a merger or consolidation or similar transaction involving the Company; (iv) a change in the composition of the Board occurring within a two-year period, as a result of which fewer
than a majority of the Directors are Incumbent Directors (as defined below); or (v) a dissolution or liquidation of the Company. 
 “Incumbent
Directors,” as used in the preceding paragraph, shall mean directors who either (i) are directors of the Company as of the date of this offer letter or (ii) are elected, or nominated for election, to the Board with the affirmative
votes of at least a majority of those directors whose election or nomination was not in connection with any transaction described in subsections (i), (ii), or (iii) within the definition of Change in Control above, or in connection with an
actual or threatened proxy contest relating to the election of directors to the Company. 
 A “Qualifying Asset Sale” means the sale, exchange,
lease or other disposition of all or substantially all of the assets of the Company including but not limited to the sale, exclusive license or other disposition of the rights held by the Company or a subsidiary of the Company in or to one or more
patents that has or have been asserted against one or more parties in any litigation proceeding to which the Company or any of its subsidiaries is currently a party as of the date hereof (the “Subject Patents”) including but not limited to
by way of the sale, transfer or other disposition of a majority of the equity ownership interests of any subsidiary or other entity directly or indirectly controlled by the Company and that owns or otherwise holds any of the Subject Patents. 

BENEFITS: 
 Employee Benefit Plans:
You will be entitled to participate in all group benefit plans generally available to senior executives of the Company, in accordance with Company policy. 

 Business Expenses: You will be reimbursed for reasonable and documented out-of-pocket business expenses in
connection with the performance of your duties and responsibilities as General Counsel of the Company, in accordance with the Company’s expense reimbursement policy. 

TERMINATION: 
 Your employment with the
Company at all times will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. If your employment is terminated, you will be entitled to payment of all
earned but unpaid base salary amounts and any unreimbursed business expenses through your final date of employment. 
 CONFIDENTIALITY
AGREEMENT AND RESTRICTIVE COVENANTS: 
 Concurrently with signing this Agreement, you agree
to sign and return with this Agreement the Company’s Confidential Information and Invention Assignment Agreement (the “Confidentiality Agreement”), attached hereto as Exhibit A. 

Section 280G. In the event that the amount of any compensation payable to you pursuant to this letter agreement or otherwise, calculated in a
manner consistent with Section 280G of the Code and the applicable regulations thereunder (the “Aggregate Payments”), would be subject to the excise tax imposed by Section 4999 of the Code, then the Aggregate Payments shall be
reduced (but not below zero) so that the sum of all of the Aggregate Payments shall be $1.00 less than the amount at which you become subject to the excise tax imposed by Section 4999 of the Code; provided that such reduction shall only occur
if it would result in you receiving a higher After Tax Amount (as defined below) than you would receive if the Aggregate Payments were not subject to such reduction. In the event of such a reduction, the Aggregate Payments shall be reduced in the
following order, in each case, in reverse chronological order beginning with the Aggregate Payments that are to be paid the furthest in time from consummation of the transaction that is subject to Section 280G of the Code: (1) cash
payments not subject to Section 409A of the Code; (2) cash payments subject to Section 409A of the Code; (3) equity-based payments and acceleration; and (4) non-cash forms of benefits; provided that in the case of all the
foregoing Aggregate Payments all amounts or payments that are not subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c) shall be reduced before any amounts that are subject to calculation under Treas. Reg.
§1.280G-1, Q&A-24(b) or (c). For purposes hereof, the “After Tax Amount” means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on you as a result of your receipt
of the Aggregate Payments. The determination as to whether such a reduction in the Aggregate Payments is required hereby shall be made by a nationally recognized accounting firm selected by the Company (the “Accounting Firm”).  

Governing Law. This Agreement will be governed by the laws of the State of California without reference to conflict of laws provisions. 

Entire Agreement: This letter agreement, your Confidentiality Agreement and any written Company plans that are referenced in this agreement, as such
written plans may be amended by the Company from time to time, set forth the terms of your employment with the Company, and supersede and replace any prior agreements, representations or understandings, whether written, oral or implied, between you
and the Company. No waiver, alteration, or modification, if any, of the provisions of this agreement shall be binding unless in writing and signed by duly authorized representatives of the parties hereto. 

 James, we are very pleased that you have agreed to join us and look forward to working together. 

Please sign below to formalize your acceptance of our offer and return a scanned copy of the letter to my attention no later than October 30, 2015. 

Best regards, 
  

	
	 /s/ Boris Teksler

	 Boris Teksler, President/CEO

 Signed, agreed and accepted: 
  

	
	 /s/ Jim Wheat

	 James Wheat

 October 30, 2015 

 Exhibit A 

UNWIRED PLANET, INC. 

CONFIDENTIAL INFORMATION AND 

INVENTION ASSIGNMENT AGREEMENT (“CIIA Agreement”) 

As a condition of my becoming employed (or my employment being continued) by Unwired Planet, Inc. a Delaware corporation or any of its other
current or future subsidiaries, affiliates, successors or assigns (collectively, the “Company”), and in consideration of my employment relationship with the Company and my receipt of the compensation now and hereafter paid to me by
the Company, I agree to the following: 
 1. Employment Relationship I understand and acknowledge that this Agreement does not
alter, amend or expand upon any rights I may have to continue in the employ of Company or the duration of my employment relationship with the Company under any existing agreements between the Company and me or under applicable law. Any employment
relationship between the Company and me, whether commenced prior to or upon the date of this Agreement, shall be referred to herein as the “Relationship.” 

2. Confidential Information. 

(a) Company Information. I agree at all times during the term of my Relationship with the Company and thereafter, to hold in
strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm, corporation or other entity without written authorization of the Board of Directors of the Company, any Confidential Information of the
Company which I obtain or create. I further agree not to make copies of such Confidential Information except as authorized by the Company. I understand that “Confidential Information” means any Company proprietary information,
technical data, trade secrets or know-how, including, but not limited to, research, product plans, products, services, suppliers, customer lists and customers (including, but not limited to, customers of the Company on whom I called or with whom I
became acquainted during the Relationship), prices and costs, markets, software, developments, inventions, laboratory notebooks, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing,
licenses, finances, budgets or other business information disclosed to me by the Company either directly or indirectly in writing, orally or by drawings or observation of parts or equipment or created by me during the period of the Relationship,
whether or not during working hours. I understand that “Confidential Information” includes, but is not limited to, information pertaining to any aspects of the Company’s business which is either information not known by actual
or potential competitors of the Company or is proprietary information of the Company or its customers or suppliers, whether of a technical nature or otherwise. I further understand that Confidential Information does not include any of the foregoing
items which has become publicly and widely known and made generally available through no wrongful act of mine or of others who were under confidentiality obligations as to the item or items involved. 

(b) Former Employer Information. I represent that my performance of all terms of this Agreement as an employee of the Company
has not breached and will not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by me in confidence or trust prior or subsequent to the commencement of my Relationship with the Company, and I will not
disclose to the Company, or induce the Company to use, any inventions, confidential or proprietary information or material belonging to any previous employer or any other party. 

(c) Third Party Information. I recognize that the Company has received and in the future will receive confidential or
proprietary information from third parties subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. I agree 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 my work for the Company consistent with the Company’s agreement with such third party. 

3. Inventions. 

(a) Inventions Retained and Licensed. I have attached hereto, as Exhibit A, a list describing with particularity all
inventions, original works of authorship, developments, improvements, and trade secrets which were made by me prior to the commencement of the Relationship (collectively referred to as “Prior 

 
Inventions”), which belong solely to me or belong to me jointly with another, which relate in any way to any of the Company’s proposed businesses, products or research and
development, and which are not assigned to the Company hereunder; or, if no such list is attached, I represent that there are no such Prior Inventions. If, in the course of my Relationship with the Company, I incorporate into a Company product,
process or machine a Prior Invention owned by me or in which I have an interest, the Company is hereby granted and shall have a non-exclusive, royalty-free, irrevocable, perpetual, worldwide license (with the right to sublicense) to make, have made,
copy, modify, make derivative works of, use, sell and otherwise distribute such Prior Invention as part of or in connection with such product, process or machine. 

(b) Assignment of Inventions. I agree that I will promptly make full written disclosure to the Company, will hold in trust for
the sole right and benefit of the Company, and hereby assign to the Company, or its designee, all my right, title and interest throughout the world in and to any and all inventions, original works of authorship, developments, concepts, know-how,
improvements or trade secrets, whether or not patentable or registrable under copyright or similar laws, which I may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during
the period of time in which I am employed by the Company and which relate to the proposed businesses, products, or research and development of the Company (collectively referred to as “Inventions”), except as provided in
Section 4(e) below. I further acknowledge that all Inventions, original works of authorship, developments, concepts, know-how, improvements or trade secrets which are made by me (solely or jointly with others) within the scope of and during the
period of my Relationship with the Company are “works made for hire” (to the greatest extent permitted by applicable law) and are compensated by my salary unless regulated otherwise by the mandatory law of the state of California,
USA. 
 (c) Maintenance of Records. I agree to keep and maintain adequate and current written records of all Inventions made
by me (solely or jointly with others) during the term of my Relationship with the Company. The records may be in the form of notes, sketches, drawings, flow charts, electronic data or recordings, laboratory notebooks, and any other format. The
records will be available to and remain the sole property of the Company at all times. I agree not to remove such records from the Company’s place of business except as expressly permitted by Company policy which may, from time to time, be
revised at the sole election of the Company for the purpose of furthering the Company’s business. 
 (d) Patent and Copyright
Rights. I agree to assist the Company, or its designee, at the Company’s expense, in every proper way to secure the Company’s rights in the Inventions and any copyrights, patents, trademarks, mask work rights, moral rights, or
other intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments,
recordations, and all other instruments which the Company shall deem necessary in order to apply for, obtain, maintain and transfer such rights and in order to assign and convey to the Company, its successors, assigns and nominees the sole and
exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. I further agree that my obligation to execute or cause to be executed, when it is
in my power to do so, any such instrument or papers shall continue after the termination of this Agreement until the expiration of the last such intellectual property right to expire in any country of the world. If the Company is unable because of
my mental or physical incapacity or unavailability or for any other reason to secure my signature to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering Inventions or original works of
authorship assigned to the Company as above, then I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such
applications and to do all other lawfully permitted acts to further the application for, prosecution, issuance, maintenance or transfer of letters patent or copyright registrations thereon with the same legal force and effect as if originally
executed by me. I hereby waive and irrevocably quitclaim to the Company any and all claims, of any nature whatsoever, which I now or hereafter have for infringement of any and all proprietary rights assigned to the Company. 

(e) Exception to Assignments. I understand that the provisions of this Agreement requiring assignment of Inventions to the
Company do not apply to any invention which qualifies fully under certain provisions of California Labor Code which states: 

Section 2870: (a) Any provision in an employment agreement which provides that an employee shall assign, or offer
to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the 

 
employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either: (1) Relate at the time of conception or reduction to practice of the
invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or (2) Result from any work performed by the employee for the employer. 

(b) To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise
excluded from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable. . 
 I
will advise the Company promptly in writing of any inventions that I believe meet such provisions and are not otherwise disclosed on Exhibit A. 

4. Returning Company Documents. I agree that, at the time of termination of my Relationship with the Company, I will deliver to
the Company (and will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, laboratory notebooks,
materials, flow charts, equipment, other documents or property, or reproductions of any aforementioned items developed by me pursuant to the Relationship or otherwise belonging to the Company, its successors or assigns. I further agree that to any
property situated on the Company’s premises and owned by the Company, including disks and other storage media, filing cabinets or other work areas, is subject to inspection by Company personnel at any time with or without notice. In the event
of the termination of the Relationship, I agree to sign and deliver the “Termination Certification” attached hereto as Exhibit B. 

5. Notification to Other Parties. In the event that I leave the employ of the Company, I hereby consent to notification by the
Company to my new employer, and/or entity with whom I maintain a consulting relationship, including parties with whom such relationship commences after the effective date of this Agreement, about my rights and obligations under this Agreement. 

6. Non-Competition and Non-Solicitation. In order to protect the Company’s Confidential Information and good will, during
my employment and for a period of twelve (12) months following the termination of my employment for any reason (the “Restricted Period”): 

(a) I will not directly or indirectly, whether as owner, partner, shareholder, director, manager, consultant, agent, employee,
co-venturer or otherwise, engage, participate or invest in any business activity anywhere in the United States that performs any services or otherwise seeks to invalidate, contest or defend against the patent assets of the Company or its affiliates;
provided that this shall not prohibit any possible investment in publicly traded stock of a company representing less than one percent of the stock of such company. 

(b) I will not, directly or indirectly, in any manner, other than for the benefit of the Company, call upon, solicit, divert,
take away, accept or conduct any business from or with any of the licensors to or customers or prospective customers of the Company or any of its suppliers, vendors or licensees of the Company’s products, in each case, that are known to me,
with respect to any business, products or services that are competitive to the products or services offered by the Company or under development as of the date of termination of my Relationship with the Company. 

(c) I will not, directly or indirectly, in any manner, solicit, entice, attempt to persuade any other employee or consultant of
the Company to leave the Company for any reason or otherwise participate in or facilitate the hire, directly or through another entity, of any person who is employed or engaged by the Company or who was employed or engaged by the Company within six
months of any attempt to hire such person. 
 I acknowledge and agree that if I violate any of the provisions of this Section 6, the
running of the Restricted Period will be extended by the time during which I engage in such violation(s). 
 7. Representations and
Covenants. 
 (a) Facilitation of Agreement. I agree to execute promptly any proper oath or verify any
proper document required to carry out the terms of this Agreement upon the Company’s written request to do so. 
 (b)
Conflicts. I represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to commencement of my Relationship
with the Company. I have not entered into, and I agree I will not enter into, any oral or written agreement in conflict with any of the provisions of this Agreement. 

 (c) Voluntary Execution. I certify and acknowledge that I have carefully read all
of the provisions of this Agreement and that I understand and will fully and faithfully comply with such provisions. 
 8. General
Provisions. 
 (a) Governing Law. The validity, interpretation, construction and performance of this Agreement shall be
governed by the laws of the State of California, United States of America, without giving effect to the principles of conflict of laws. 

(b) Entire Agreement. This Agreement sets forth the entire agreement and understanding between the Company and me relating to
the subject matter herein and merges all prior discussions between us. No modification or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by the party to be charged. Any
subsequent change or changes in my duties, obligations, rights or compensation will not affect the validity or scope of this Agreement. 

(c) Severability, Successors and Assigns and Survival. If one or more of the provisions in this Agreement are deemed void by
law, then the remaining provisions will continue in full force and effect. This Agreement will be binding upon my heirs, executors, administrators and other legal representatives and will be for the benefit of the Company, its successors, and its
assigns. The provisions of this Agreement shall survive the termination of the Relationship and the assignment of this Agreement by the Company to any successor in interest or other assignee. 

(d) ADVICE OF COUNSEL. I ACKNOWLEDGE THAT, IN EXECUTING THIS AGREEMENT, I HAVE HAD THE OPPORTUNITY TO SEEK THE ADVICE OF
INDEPENDENT LEGAL COUNSEL, AND I HAVE READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT BE CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF. 

The parties have executed this Agreement on the respective dates set forth below: 

 

									
	Unwired Planet, Inc.	  		  	Employee
					
	By:	 	 /s/ Boris Teksler
	  		  	By:	 	 /s/ Jim Wheat

					
	Name:	 	Boris Teksler	  		  	Name:	 	James Wheat
					
	Date:	 	October 30, 2015	  		  	Date:	 	October 30, 2015

 EXHIBIT A to CIIA Agreement 

LIST OF PRIOR INVENTIONS 

AND ORIGINAL WORKS OF AUTHORSHIP 

EXCLUDED FROM SECTION 4 
  

					
	 Title
	 	 Date
	 	 Identifying Numberor

Brief Description

  

 

	
	         No inventions or improvements
	
	          Additional Sheets Attached

	
	 Signature of Employee:
                                         
           

	
	 James Wheat

	
	 Date:

 EXHIBIT B to CIIA Agreement 

TERMINATION CERTIFICATION 

This is to certify that I do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals,
lists, correspondence, specifications, drawings, blueprints, sketches, laboratory notebooks, flow charts, materials, equipment, other documents or property, or copies or reproductions of any aforementioned items belonging to Unwired Planet, its
subsidiaries, affiliates, successors or assigns (together the “Company”). 
 I further certify that I have complied with
all the terms of the Company’s Confidential Information and Invention Assignment Agreement signed by me, including the reporting of any inventions and original works of authorship (as defined therein), conceived or made by me (solely or jointly
with others) covered by that agreement. 
 I further agree that, in compliance with the Confidential Information and Invention Assignment
Agreement, I will preserve as confidential all trade secrets, confidential knowledge, data or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or experimental work, computer programs, data
bases, other original works of authorship, customer lists, business plans, financial information or other subject matter pertaining to any business of the Company or any of its employees, clients, consultants or licensees. 

I further agree that I shall comply with the restrictive covenants set forth in Section 6 of the Confidential Information and Invention
Assignment Agreement for the Restricted Period (as defined therein) except as such compliance may be excused by the terms of my offer letter. 
  

			
	Date:	 	
		 	 (NO SIGNATURE REQUIRED)

		 	(Employee’s Signature)
		 	  

		 	(Type/Print Employee’s Name)Exhibit 10.1 2015.11.09 Tom Tokos Retirement

		
			AGREEMENT AND GENERAL RELEASE 
		

		
			1.Purpose of Agreement.  The intent of this Agreement and General Release (“Agreement”) is to set forth the terms upon which Thomas Tokos (“Mr. Tokos”) will retire from his position as Senior Vice President, General Counsel and Secretary of Intersil Corporation (the “Company”).  Mr. Tokos and the Company are sometimes referred to collectively as the “Parties” and each individually as a “Party”.  This Agreement becomes effective on the eighth day after it is executed by Mr. Tokos (“Effective Date”).
		

		
			2.Continued Employment and Advisory Services.    Mr. Tokos’ responsibilities as General Counsel and Secretary of the Company will cease on Monday, November 9, 2015.  Mr. Tokos will continue to be employed as an executive officer and senior vice president of the Company through December 31, 2015 at which time his employment with the Company will terminate (the last date of Mr. Tokos’ employment being referred to herein as the “Termination Date”).  During the period of time from November 9, 2015 to the Termination Date, Mr. Tokos will perform all of his job responsibilities in a manner acceptable to the Company’s Chief Executive Officer. Provided Mr. Tokos accepts no other employment and complies with the provisions of this Agreement, he will continue to be paid his salary as in effect on November 9, 2015 and will continue to participate in the Company’s benefit and equity programs through December 31, 2015.  In the event Mr. Tokos accepts other employment prior to the December 31, 2015, salary payments and participation in the Company’s benefit and equity plans will cease as of the date of his acceptance of other employment.  In the event the Company terminates Mr. Tokos’ employment prior to December 31, 2015 without a reasonable determination that Mr. Tokos has failed to provide advisory services in a manner acceptable to the Chief Executive Officer, Mr. Tokos will continue to be paid his salary as in effect on November 9, 2015 and Mr. Tokos will continue to participate in the Company’s benefit and equity programs through December 31, 2015.  The Company will also pay Mr. Tokos the cash equivalent of any accrued, unused vacation time, less any legally required State and Federal withholdings through the earlier of the day he accepts other employment and December 31, 2015. Neither Mr. Tokos’ continuing participation in any equity or benefit programs nor Mr. Tokos’ execution of this Agreement assure Mr. Tokos’ continued employment for any particular period of time.  
		

		
			3.Consideration Paid by the Company for Agreement.  Provided that (i) Mr. Tokos has not, prior to December 31, 2015 terminated his employment with the Company or accepted other employment; (ii) the Company has not, prior to December 31, 2015 reasonably determined that Mr. Tokos’ employment should be terminated for failure to perform as set forth in Section 2 of this Agreement; and (iii) this Agreement and Release of All Claims (attached hereto as Exhibit A and incorporated herein by reference) have been executed on or before December 31, 2015 and not revoked by Mr. Tokos, the Company will pay Mr. Tokos consideration set forth in this Section 3 (the “Consideration”).  The Consideration will consist of the following:
		

			
	
			
				 a)
			

			
	
			
			Welfare Benefits: Provided that Mr. Tokos timely elects medical, dental and vision coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA) for the period beginning January 1, 2016 and ending August 31, 2017 (the “Benefits Period”), the Company will reimburse Mr. Tokos, on an after tax basis, for premiums amounts paid under COBRA for the Benefits Period in excess of premium amounts paid by Mr. Tokos for such coverage while employed by the Company.  Such reimbursement will cease if Mr. Tokos becomes employed by another employer which provides medical, dental and vision insurance coverage, or becomes insured other than under COBRA, prior to August 31, 2017.  Any life insurance that Mr. Tokos had through Intersil’s life insurance program as of December31, 2015 will cease as of December 31, 2015.  Mr. Tokos may choose to convert his current life insurance coverage per the terms of Intersil’s life insurance conversion program through CIGNA.

		
			 
		

			
	
			
				 b)
			

			
	
			
			Incentive Payout: Mr. Tokos will also receive, dependent on the Company’s fourth quarter 2015 business results, an incentive payout, if any, calculated at the same payout factor and metrics used in 2015 for Executive Incentive Plan (“EIP”) payouts based on the Company’s fourth quarter 2015 business results.  Mr. Tokos will also receive an incentive payout based on “actual” results on the annual MBO portion of the incentive plan. The incentive payouts, if any, will be distributed to Mr. Tokos at the same time payouts are made to executives at the Company.  Mr. Tokos will not be eligible for any incentive payouts for periods beginning after December 31, 2015.

		
			 
		

			
	
			
				 c)
			

			
	
			
			Lump Sum Cash Payment: The Company will provide Mr. Tokos a lump sum payment of $262,800 on or before January 15, 2016.

		
			 
		

		
			d)Stock Options:  Pursuant to provisions in the Company’s 2008 Equity Compensation Plan Terms and Conditions, stock options issued to Mr. Tokos prior to December, 2015 under the Company’s 2008 Equity Compensation Plan, as amended (the “Plan”), will continue to vest through July1, 2017.  Any unvested stock options held by Mr. Tokos on July 2, 2017 will not be exercisable by Mr. Tokos and will expire.  Mr. Tokos will be permitted to exercise his 
		

		 

 

		vested stock options until the earlier of (i) the option expiration date or (ii) June 30, 2018.  On July 1, 2018, any unexercised vested stock options held by Mr. Tokos will no longer be exercisable and will expire.
		

		
			 
		

			
	
			
				 e)
			

			
	
			
			Stock Units:  Pursuant to provisions in the Company’s 2008 Equity Compensation Plan Terms and Conditions, unvested RSUs, DSUs and MSUs (“Stock Units”) held by Mr. Tokos will continue to vest through July 1, 2017.  Any Stock Units held by Mr. Tokos that have not become vested as of July 1, 2017 will expire and be forfeited.  All Stock Units that have become vested as of July 1, 2017 will be released as quickly as administratively possible, but in no event prior to the eighth day following Mr. Tokos’ execution of this Agreement and the Release of Claims.

		
			 
		

		
			Unless expressly provided otherwise in this Agreement, the payments listed above in this Section 3 will be subject to all legally required state and federal withholdings.  Should any of the Consideration be provided to Mr. Tokos and Mr. Tokos does not sign this Agreement within the twenty-one day review period or Mr. Tokos signs and subsequently revokes the Agreement as provided herein, Mr. Tokos shall immediately reimburse Company for the full amount of any Consideration paid to Mr. Tokos or paid on Mr. Tokos’ behalf by the Company.  Mr. Tokos acknowledges and agrees that but for Mr. Tokos’ execution of this Agreement and the Release of Claims, Mr. Tokos would not otherwise be entitled to the Consideration. 
		

		
			4.Release and Waiver.    In consideration for the payments and undertakings described in this Agreement, Mr. Tokos releases and waives any and all claims that he might possibly have against the Company, whether Mr. Tokos is aware of them or not.  In legal terms, this means that, individually and on behalf of Mr. Tokos’ representatives, successors, and assigns, Mr. Tokos does hereby completely release and forever discharge the Company, its parents, subsidiaries, affiliates, successors, assigns, directors, officers, managers, agents, and past and present employees (“the Releasees”) from all claims, rights, demands, actions, obligations, and causes of action of any and every kind, nature and character, known or unknown, which Mr. Tokos may now have, or has ever had, against them arising from or in any way connected with Mr. Tokos’ employment with the Company and/or the termination thereof.  Other than Worker’s Compensation claims and claims for California unemployment insurance benefits, which are not subject to this Agreement, this release and waiver covers all federal, state, statutory, common law, constitutional and other claims, including but not limited to:  
		

		
			a)Any and all claims for wrongful discharge, constructive discharge, or wrongful demotion;
		

		
			b)Any and all claims relating to any contracts of employment, express or implied, or breach of the covenant of good faith and fair dealing, express or implied;
		

		
			c)Any and all tort claims of any nature, including but not limited to claims for negligence, defamation, misrepresentation, fraud, or negligent or intentional infliction of emotional distress; 
		

		
			d)Any and all claims for wages, salary, commissions, bonuses, or any other compensation or benefits of any kind, and associated penalties and interest;
		

		
			e)Any and all claims for disability benefits of any kind;
		

		
			f)Any and all claims for retaliation or for discrimination or harassment based on sex, race, age, national origin, religion, disability, medical condition, or any other protected characteristic under federal, state or municipal statutes or ordinances; any claims whatsoever under the California Fair Employment and Housing Act, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, 42 U.S.C. Section 1981, the Age Discrimination in Employment Act, the Unruh Act, the Whistleblower Protection Act, the Worker Adjustment and Retraining Notification Act, the Federal False Claims Act, the Rehabilitation Act of 1973, the Equal Pay Act, the Older Workers’ Benefit Protection Act, the Americans With Disabilities Act, the Employment Retirement Income Security Act, the Family and Medical Leave Act, the California Family Right Act, the California Labor Code, and all other local, state, and federal laws and regulations relating to or governing the employment; and
		

		
			g)Any and all claims for attorneys’ fees or costs.
		

		
			Mr. Tokos agrees to never file any lawsuits or complaints or institute any legal, equitable, or administrative proceedings, asserting any claims or rights that are released under this Agreement, and waives any and all claims of reassignment or reinstatement by Company, except as otherwise allowed under the law. Mr. Tokos further agrees that if any such claim is prosecuted in Mr. Tokos name before any court or administrative agency, Mr. Tokos waives and agrees not to take any award of money or other damages from such suit, except in the event that Company is in breach of this Agreement.  
		

		

		

		 

 

		5.All Wages Paid.  The Company has paid or will pay in accordance with normal payroll procedures all wages and remuneration of any kind owed to Mr. Tokos as a result of services provided by Mr. Tokos to the Company through the earlier of December 31, 2015 and the date Mr. Tokos accepts other employment, including but not limited to Mr. Tokos’ salary through his last day of employment, all accrued, unused vacation pay through that date, all overtime compensation, all bonuses owed to Mr. Tokos through that date, and all authorized, reimbursable business expenses, if any, incurred by Mr. Tokos as a result of Mr. Tokos’ employment with the Company. Mr. Tokos represents, warrants and agrees that upon payment of the payment set forth in this Agreement he has no claims for unpaid wages, missed and/or interrupted meal and rest periods, bonuses or other compensation against the Company.  
		

		
			6.Waiver of Unknown Future Claims.  Mr. Tokos has read Section 1542 of the Civil Code of the State of California, which provides 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 HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.
		

		
			Mr. Tokos understands that Section 1542 gives Mr. Tokos the right not to release existing claims of which Mr. Tokos is not now aware, unless Mr. Tokos voluntarily chooses to waive this right.  Even though Mr. Tokos is aware of this right, Mr. Tokos nevertheless hereby voluntarily waives the rights described in Section 1542, and elects to assume all risks for claims that now exist in Mr. Tokos’ favor, known or unknown, arising from the subject matter of this Agreement.
		

		
			7.Return of Company Property.  Mr. Tokos hereby represents that he has returned (or will return no later than December 31, 2015) to the Company all property belonging to the Company, including but not limited to all proprietary and/or confidential information and documents in any form belonging to the Company, notebook computer, keys, badge, computer user name and password, and voicemail password.  Mr. Tokos further acknowledges and agrees that the Company shall have no obligation to make the payment(s) and provide the benefits referred to in this Agreement unless and until Mr. Tokos has satisfied all of the obligations pursuant to this paragraph.
		

		
			8.Company’s Trade Secret / Confidential Information.   Mr. Tokos agrees that the Company is engaged in a highly competitive business.  The Company's involvement in this business has required and continues to require the expenditure of substantial amounts of money and the use of skills developed over a long period of time.  As a result of these investments of money, skill and time, the Company has developed and will continue to develop certain valuable trade secrets and confidential information that are peculiar to the Company's business and the disclosure of which would cause the Company great and irreparable harm.
		

		
			The term "Trade Secrets" means any information, design, process, procedure, formula or improvement that is valuable and not generally known to the Company's competitors.  To the fullest extent consistent with the foregoing, and otherwise lawful, Trade Secrets shall include, without limitation, information and documentation pertaining to the design, specifications, capacity, testing, installation, implementation and customizing techniques and procedures concerning the Company's present and future products and services.
		

		
			The term "Confidential Information" means any data or information and documentation, other than Trade Secrets, which is valuable to the Company and not generally known to the public, including but not limited to financial information, supply and service information, marketing information, personnel information, and customer information.  
		

		
			Mr. Tokos agrees, except as specifically required in the performance of Mr. Tokos’ duties for the Company, that Mr. Tokos will not, during the course of Mr. Tokos’ employment by the Company and for so long thereafter as the pertinent information or documentation remain Trade Secrets, directly or indirectly use, disclose or disseminate to any other person, organization or entity or otherwise employ any Trade Secrets or Confidential Information.  The restrictions set forth herein shall not apply to any Trade Secrets or Confidential Information which shall have become generally known to competitors of the Company through no act or omission of Mr. Tokos. 
		

		
			 9.Confidentiality of Agreement.  The parties agree that the terms and conditions of this Agreement are strictly confidential and neither party shall disclose, discuss or reveal the existence or the terms of this Agreement to any persons, entities or organizations except as follows:  (a) as required by court order; (b) to Mr. Tokos’ spouse; or (c) to either party’s employees with a need to know, attorneys, and accountants. Mr. Tokos further  agrees that neither he,  respective family members, attorneys, nor agents shall issue any publicity release to any news media or the internet or otherwise publicize or give out in any manner the term of this Agreement, any facts relating to the settlement of these matters, or any information obtained from the Company during the 
		

		 

 

		course of this Litigation, or any information regarding his claims against Company, including but not limited to the contents of documents produced to Mr. Tokos and Mr. Tokos’ counsel by the Company. Except as otherwise provided herein, Mr. Tokos agrees not to assist or facilitate the pursuit of any claims, lawsuits, complaints or charges against the Company by any other person or party in any courts or governmental agency proceedings which relate or refer to group insurance plans or group insurance policies issued by the Company. The foregoing restrictions do not apply to any documents which are Mr. Tokos’ own medical records so long as any notes, Bates labels, or other identifiers regarding the Company that may have been affixed to those medical records have first been redacted.  In the event of a breach by Mr. Tokos of the terms of this paragraph, Company may commence an action for all remedies allowed by law or equity to restrain such breaches and for damages.
		

		
			10. Non-Disparagement, Non-Solicitation and Use of Confidential Information and Trade Secrets.  
		

		
			 
		

		
			a) Mr. Tokos agrees that he will not engage in any conduct that is injurious to the Company's reputation and interests, including but not limited to disparaging (or inducing or encouraging others to disparage) the Company or any of its directors, officers, employees or agents.  Company agrees not to engage in any disparagement of Mr. Tokos.  Notwithstanding the above, neither Mr. Tokos nor the Company shall be prohibited from providing truthful information in response to a subpoena or other legal process.
		

		
			 
		

		
			b)  Mr. Tokos agrees that during his employment with the Company and until December 31, 2016, Mr. Tokos shall not use confidential or trade secret information to solicit or induce, or cause to solicit or induce, directly or indirectly, any employees, consultants or agents of the Company, to leave the Company or in any way modify their relationship with the Company.  This restriction includes disclosing or otherwise using any information concerning the Company's employees. 
		

		
			c)  Mr. Tokos shall not use Company confidential or trade secret information to interfere, directly or indirectly, with any business relationship between the Company, on the one hand, and any other person or entity, on the other hand.
		

		
			In the event of Mr. Tokos’ breach of this Section 10, the Company shall be entitled to permanently cease any and all payment of the Consideration and invoke any and all remedies against Mr. Tokos that may be available under applicable laws or this Agreement.
		

		
			11.Interpretation and Construction of Agreement.  This Agreement shall be construed, interpreted, and governed in accordance with the laws of the State of California without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of California to the rights and duties of the parties.  Regardless of which party initially drafted this Agreement, it shall not be construed against any one party, and shall be construed and enforced as a mutually prepared Agreement.
		

		
			12.No Admission of Liability.  By entering into this Agreement, the Company is not admitting to any liability, wrongdoing or legal violation whatsoever with regard the employment relationship between the parties or with respect to any claims released herein.  The Company expressly denies any and all such liability and wrongdoing.
		

		
			13.Waiting Period.  Pursuant to the Age Discrimination in Employment Act and the Older Workers’ Benefit Protection Act, the Company hereby advises Mr. Tokos to consult with an attorney prior to signing this Agreement.  The Company also advises Mr. Tokos that Mr. Tokos has up to twenty-one (21) days within which to consider whether Mr. Tokos should sign this Agreement.  Mr. Tokos may execute the Agreement at any time within this 21-day period.  In addition, should Mr. Tokos choose to sign the Agreement, Mr. Tokos shall have seven (7) days following the date on which he signed the Agreement to revoke it by faxing a written revocation to the Company’s Senior Vice President of Human Resources, facsimile number 321-729-1007.  This Agreement does not become effective until after this seven-day revocation period has elapsed.
		

		
			14.Complete and Voluntary Agreement.  Mr. Tokos acknowledges that Mr. Tokos has read and understands this Agreement; that Mr. Tokos has had the opportunity to seek legal counsel of her own choosing and to have the terms of the Agreement fully explained to Mr. Tokos and may have been assisted by legal counsel in the negotiation of the terms of this Agreement; that Mr. Tokos is not executing this Agreement in reliance on any promises, representations or inducements other than those contained herein; and that Mr. Tokos is executing this Agreement voluntarily, free of any duress or coercion.  Mr. Tokos specifically understands that by entering into this Agreement Mr. Tokos is forever foreclosed from pursuing any of the claims Mr. Tokos has released and waived pursuant to Sections 4 and 6 above.  Mr. Tokos acknowledges that the Company does not warrant or represent tax consequences, if any, of this Agreement and Mr. Tokos agrees that Mr. Tokos is relying on Mr. Tokos’ own legal and/or tax advisor and not the Company with respect to any aspects of this Agreement. Any tax or costs, attorneys’ fees, penalties, or interest incurred or assessed to Mr. Tokos are Mr. Tokos’ sole responsibility.
		

		
			15.Savings Clause.  Should any of the provisions of this Agreement be determined to be invalid or unenforceable by a court or government agency of competent jurisdiction, it is agreed that such determination shall not affect the enforceability 
		

		 

 

		of the other provisions herein. The parties intend that this Agreement be enforced to the fullest extent permitted by law and agree that it does not cover claims which cannot be released as a matter of law.  
		

		
			16.Scope of Agreement.  This Agreement constitutes the entire understanding of the parties on the subjects covered.  Except as expressly provided herein and except for the terms of Mr. Tokos’ Agreement concerning Intersil’s proprietary and confidential information, this Agreement supersedes and renders null and void any and all prior agreements between Mr. Tokos and the Company.  No provision of this Agreement may be waived except by a writing signed by the Party to be charged, nor may this Agreement be amended except by a writing executed by both Parties. Should either party default in any material manner with respect to the obligations herein, the non-defaulting party shall have all remedies allowed by law and equity, and the non-breaching party shall be entitled to recover its reasonable attorneys’ fees, expenses, and costs incurred in enforcing this Agreement.
		

		
			17.Mediation & Arbitration.    All claims or disputes relating to this Agreement or Mr. Tokos’ employment with the Company including but not limited to any disputes or claims relating to  Mr. Tokos’ compensation, benefits, promotions, demotions, discipline, treatment, adverse employment actions, discharge and other terms and conditions of  Mr. Tokos’ employment which cannot be settled through direct discussions, shall be submitted to mediation administered by the National Arbitration Forum under its rules in effect on the date of this Agreement.  If such claim or dispute cannot be settled by mediation, the Company and Mr. Tokos agree to settle the claim or dispute by binding arbitration before a single arbitrator in accordance with the rules of the National Arbitration Forum in effect on the date of this Agreement.  The Company and Mr. Tokos hereby waive any right to a jury trial in favor of arbitration of any such claims or disputes including any and all claims for compensation or benefits of any kind, breach of contract, discrimination, harassment, retaliation, any tort of any nature, and any and all claims arising under any federal, state or local statute, law, ordinance or regulation, including but not limited to the Civil Rights Act of 1866, 1964 (Title VII) and 1991, the Age Discrimination and Employment Act of 1967, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, the Equal Pay Act, the Americans with Disabilities Act of 1990, the Family and Medical Leave Act, and all amendments to such laws; except an action for damages or injunctive relief to enforce any provisions of this Agreement or those related to the breach or threatened breach of the Company’s Employee Agreement may, at the Company’s discretion be brought in any court having jurisdiction thereof or be settled by arbitration pursuant to this Section 17.  Any award entered by the arbitrator, including awards for monetary damages and injunctive relief, shall be final and binding and judgment may be entered thereon by any party in any court of competent jurisdiction.  The Federal Rules of Civil Procedure and the Federal Rules of Evidence shall apply to any arbitration proceedings and the arbitrator shall have the power to decide any motions brought by Mr. Tokos or the Company including motions for summary judgment.  The arbitrator shall have the power to award attorney’s fees and costs available under applicable law.  Except as otherwise agreed by the Company and Mr. Tokos, all mediation and arbitration proceedings shall be held in Santa Clara County, California.
		

		
			18.Section 409A.  Notwithstanding any other provision of this Agreement to the contrary, if Mr. Tokos is a "specified employee" within the meaning of Section 409A of the Code and the regulations issued thereunder, and a payment or benefit provided for in this Agreement would be subject to additional tax under Code Section 409A if such payment or benefit is paid within six months after your "separation from service" (within the meaning of Code Section 409A), then such payment or benefit required under this Agreement shall not be paid (or commence) during the six-month period immediately following your separation from service except as provided in the immediately following sentence. In such an event, any payments or benefits that would otherwise have been made or provided during such six-month period and which would have incurred such additional tax under Code Section 409A shall instead be paid to Mr. Tokos (with simple interest calculated thereon at LIBOR plus 50 basis points as of the date of such separation from service) in a lump-sum payment on the earlier of (i) the first business day of the seventh month following Mr. Tokos’ separation from service or (ii) the 10th business day following Mr. Tokos’ death.  If Mr. Tokos’ termination of employment hereunder does not constitute a "separation from service" within the meaning of Code Section 409A, then any amounts payable hereunder on account of a termination of Mr. Tokos’ employment and which are subject to Code Section 409A shall not be paid until Mr. Tokos has experienced a "separation from service" within the meaning of Code Section 409A.
		

		
			PLEASE READ CAREFULLY.  THIS AGREEMENT CONTAINS A FULL RELEASE OF LEGAL CLAIMS, BOTH KNOWN CLAIMS AND UNKNOWN CLAIMS.
		

		

		

		 

 

		
		

		
			IN WITNESS WHEREOF, and intending to be legally bound hereby, the undersigned parties have executed the foregoing Agreement.
		

		
			 
		

		
			Thomas Tokos:
		

		
			 
		

		
			 
		

		
			________________________________________
		

		
			Thomas Tokos
		

		
			 
		

		
			 
		

		
			________________________________
		

		
			Date
		

		
			 
		

		
			 
		

		
			Company:
		

		
			 
		

		
			 
		

		
			________________________________________
		

		
			Vern Kelley
		

		
			 
		

		
			 
		

		
			________________________________
		

		
			Date
		

		

		

		 

 

		
		

		
			Exhibit A
		

		
			Intersil Corporation
		

		
			 
		

		
			Employee Release Agreement
		

		
			 
		

		
			Except as otherwise set forth in this Employee Release Agreement (the “Agreement”), I, Thomas Tokos, hereby release, acquit and forever discharge Intersil Corporation (the “Company”), its parents and subsidiaries, and their respective officers, directors, agents, servants, employees, shareholders, successors, assigns and affiliates, of and from any and all 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 (other than any claim for indemnification I may have as a result of any third party action against me based on my employment with the Company), arising out of or in any way related to agreements, events, acts or conduct at any time prior to and including the date I sign this Agreement, including but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with my employment with the Company or the termination of that employment, including but not limited to, claims of intentional and negligent infliction of emotional distress, any and all tort claims for personal injury, claims or demands related to salary, bonuses, commissions, stock, stock options, or any other ownership interests in the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, 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 and Housing Act, as amended; the California False Claims Act; the Unruh Civil Rights Act; tort law; contract law; wrongful discharge; discrimination; fraud; defamation; emotional distress; and breach of the implied covenant of good faith and fair dealing; provided, however, that nothing in this paragraph shall be construed in any way to release the Company from its obligation to indemnify me pursuant to the Company’s Indemnity Agreement and to provide me with continued coverage under the Company’s directors and officers liability insurance policy to the same extent that it has provided such coverage to previously departed officers and directors of the Company and to provide me with the rights, benefits and payments set forth in the Agreement and General Release entered into by the Company and me dated November 9, 2015 (the “Agreement”).
		

		
			 
		

		
			I acknowledge that I have read and understand Section 1542 of the California Civil Code 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 HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.” 
		

		
			 
		

		
			I hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to my release of any claims I may have against the Company or any other related party identified above. Accordingly, I agree and acknowledge that the above general release provision applies not only to claims that are presently known, suspected, or disclosed to me, but also to claims that are presently unknown, unsuspected, or undisclosed to me. I acknowledge that I am assuming the risk that the facts may turn out to be different from what I believe them to be and agree that the general release in this Agreement shall be in all respects effective and not subject to termination or rescission because of such mistaken belief.
		

		
			 
		

		
			I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the ADEA. I also acknowledge that the consideration given for the waiver and release described in the Separation Letter is in addition to anything of value which I was already entitled. I further acknowledge that I have been advised by this writing, as required by the ADEA, that: (a) my waiver and release do not apply to any rights or claims that may arise after the date I sign this Agreement; (b) I have the right to consult with an attorney prior to executing this Agreement and have been advised to do so; (c) I have twenty-one (21) days to consider this Agreement (although I may choose to voluntarily execute this Agreement earlier); (d) I have seven (7) days following my execution of this Agreement to revoke the Agreement by providing written notice to the Company; and (e) this Agreement shall not be effective until the date upon which the revocation period has expired without exercise, which shall be the eighth day after this Agreement is executed by me.
		

		
			 
		

		
			 
		

		
			 
		

		
			________________________________________
		

		
			Thomas Tokos
		

		
			 
		

		
			 
		

		
			________________________________
		

		
			Date

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