Document:

Exhibit 10.53

 Exhibit 10.53 

 

 

 April 27, 2010 

Namita Dhallan 
 [Address] 

[City, State, Zip Code] 
 Dear Namita:

 I am pleased to offer you the position of Executive Vice President of Products of Deltek, Inc. (the
“Company”). I am very excited about the Company’s future and equally excited at the prospect of you joining our leadership team. The following are the terms and conditions of your offer. 

Start Date: Your start date with the Company will be May 24, 2010. 

Reporting Responsibilities: As Executive Vice President of Products, you will report to me, although, as with all of the Company’s officers,
you may also be called on from time to time to give reports to the Board of Directors of the Company (the “Board”) directly. 

Base Salary and Annual Bonus: Your annual base salary will be $325,000 payable in accordance with the Company’s standard payroll policy, and
will be reviewed periodically. You will have an annual bonus target of $200,000. Bonuses will be paid quarterly, based on a combination of your satisfaction of actual performance against agreed targets and the Company’s actual performance
against targets, and your actual bonuses may be more than or less than your bonus target. All payments to you by the Company will be subject to any required withholding of taxes. 

In addition, and as discussed, your quarterly bonus for the first two quarters after your start date will be paid at 100% of your quarterly bonus target.

 Other Benefits: You will be provided with the Company’s standard benefits package, which currently includes medical coverage,
401(k) plan participation and three weeks of paid vacation. You will be reimbursed pursuant to the Company’s expense reimbursement policy for covered business expenses that you incur in connection with your service to the Company. 

Insurance & Indemnification: From and after your start date and for so long as the Company maintains any directors and officers liability
insurance policy, you will be provided in respect of your service to the Company with the same coverage under such policy as is provided to other directors or officers of the Company in respect of their service to the Company. In addition, from and
after your start date, the Company will indemnify you to the maximum extent permitted under applicable law and/or the Company’s charter or by-laws to the extent that such indemnification is provided to other directors or officers of the
Company. Such coverage and indemnification will be provided, to the extent that you are entitled thereto, without regard to your termination of employment. 

 

 

  

 Restricted Stock: On or as soon as practicable after your start date and upon approval of the
Board, the Company will award to you 60,000 shares of restricted common stock, par value $0.001 per share, of the Company (and including any securities into which such shares are changed or for which such shares are exchanged) (the “Common
Stock”). These shares will vest in 25% increments annually over four years from your start date, will be granted pursuant to the Company’s 2007 Stock Incentive and Award Plan and will be evidenced by a Restricted Stock Agreement in a
form customarily used by the Company for its executive officers, a copy of which has been provided to you. 
 At-Will Employment;
Severance: You will have no set term of employment, and your employment will be at will. 
 If your employment is terminated before a Change
in Control either by the Company without Cause or by you for Good Reason, then the Company shall continue to pay you your then current base salary as of the date of termination for six months thereafter. In addition, upon any termination that
entitles you to the foregoing severance benefits, the Company will also continue your coverage under the Company’s medical benefit plan for twelve months at the active-employee premium rate. 

If your employment is terminated on the date of or within 18 months following a Change in Control either by the Company or its successors without Cause
or by you for Good Reason, then the Company shall: (1) continue to pay you your then current base salary as of the termination date for 18 months thereafter, (2) pay you 150% of your then current target annual bonus (based on your target
annual bonus in effect in the period in which you are terminated), and (3) continue your medical coverage under the Company’s medical benefit plan for 18 months at the active-employee premium rate. 

The continuation of base salary will be paid in substantially equal installments over the severance period in accordance with the Company’s standard
payroll practices with respect to active employees, but not less frequently than monthly. The payment of any bonus amount will be made in a lump sum at such time as bonuses are generally paid to employees during the period in which you are
terminated. Notwithstanding the preceding two sentences, if Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), would cause the imposition of an excise tax on the salary continuation severance payment or bonus
award severance payment if paid as described above, then payment of the salary continuation severance payment and bonus award severance payment shall be ordered so as to avoid the imposition of the excise tax, as follows: (i) as much of the
bonus award severance payment as may be paid without the imposition of the excise tax shall be paid as described above, and any remaining portion of the bonus award severance payment shall be paid upon the day following the six-month anniversary of
the termination date; and (ii) if any installments of the salary continuation payment may be paid (in whole or in part) as described above without the imposition of the excise tax, then such installments shall be paid as described above, and
the remaining installments shall commence upon the day following the six-month anniversary of the termination date, and the first installment paid upon the day following the six-month anniversary of the termination date shall include all portions of
the salary continuation severance payment that would have been paid but for the application of Section 409A to the salary continuation severance payment. The Company’s obligations to make any payments and (if applicable) continue the
medical coverage as set forth 

 

 

  

 
above is conditioned upon: (x) your execution and delivery of, and your continued compliance with the obligations under, the Confidential Information, Intellectual Property and
Non-Competition Agreement, the form of which is attached as Annex B, and (y) your execution, delivery and non-revocation of a valid and enforceable general release of claims substantially in the form attached as Annex
C. 
 For purposes of this letter, “Change in Control,” “Cause” and “Good Reason” will have the meanings
set forth on Annex A. 
 Effect of Section 280G: Notwithstanding any provision in this letter or any other plan,
program or arrangement of the Company to the contrary, payments to be made to you in the event of a change in ownership or effective control of the Company or a change in ownership of a substantial portion of its assets (within the meaning of
Section 280G(b)(2) of the Code and the regulations promulgated thereunder) shall be reduced, but only if and to the extent that a reduction in the payments to you would result in your retaining a larger amount, on an after-tax basis (taking
into account federal, state and local income taxes and the excise tax payable under Section 4999 of the Code) than if you received the entire amount of such payments without reduction. If the payments are to be reduced as described above, then,
unless you give prior written notice to the Company specifying a different order by which to effectuate the foregoing, the Company shall reduce or eliminate such payments (i) by first reducing or eliminating the portion of such payments which
is not payable in cash (other than that portion of such payments that is subject to clause (iii) below), (ii) then by reducing or eliminating cash payments (other than that portion of such payments subject to clause (iii) below) and
(iii) then by reducing or eliminating the portion of such payments (whether or not payable in cash) to which Treasury Regulation Section 1.280G-1 Q/A 24(c) (or any successor provision thereto) applies, in each case in reverse order
beginning with payments or benefits which are to be paid the farthest in time from the date of the Change in Control. Any notice you give pursuant to the preceding sentence shall take precedence over the provisions of any other plan, arrangement or
agreement governing your rights and entitlements to any benefits or compensation. 
 Background Investigations: As a condition of your
employment, you must successfully complete a pre-employment background investigation as well as the Company’s Executive Officer Questionnaire. The successful results of the background investigation and questionnaire must be obtained prior to
the commencement of your employment. The Company reserves the right to conduct additional background investigations following the commencement of your employment. 

Employee Covenants: As a condition of your employment, not later than your start date, you will execute and deliver the Company’s form of
Employee Confidential Information, Intellectual Property and Non-Competition Agreement, which is attached hereto as Annex B. 

[remainder of page left intentionally blank] 

 

 

  

 If the foregoing terms and conditions are consistent with your understanding, please
sign this letter below and return a copy to me. Namita, I am confident that you will be a valuable addition to our team, and I look forward to working with you. 

 

	
	Very truly yours,
	
	Deltek, Inc.
	
	 /s/ Kevin Parker

	
	Kevin Parker
	President and Chief Executive Officer

  

			
	ACCEPTED AND AGREED:
		
	/s/ Namita Dhallan	 	05/04/2010
	Namita Dhallan	 	Date

 

 

  

 Annex A 

Definitions 

A “Change in Control” will have occurred if (A) any third party not affiliated with New Mountain Partners II, L.P.,
New Mountain Affiliated Investors II, L.P. or Allegheny New Mountain Partners, L.P. or any of their affiliates (collectively, “New Mountain”), but excluding the deLaski Shareholders (as defined in the Shareholders’ Agreement,
dated as of April 22, 2005, to which (among others) the Company and New Mountain are parties), owns, directly or indirectly, more voting capital stock of the Company than New Mountain owns or (B) a third party not so affiliated has or
obtains the right to elect a majority of the Board. 
 “Cause” shall mean (A) a conviction of you for the
commission of a felony, (B) a commission by you of one or more acts involving fraud or gross misconduct that cause material damage to the Company, (C) a material violation by you of the Confidential and Proprietary Information, Assignment
of Inventions and Noncompetition Agreement or (D) your breach of any material terms of this letter (unless such breach can be fully cured and is fully cured within 30 days after written notice by the Company to you identifying such breach).
Prior to terminating your employment for Cause pursuant to clause (D), you shall be given (1) a written notice of such determination setting forth the nature of such alleged Cause item and specifically stating the corrective action required,
(2) a reasonable opportunity to meet with the Board (with the assistance of your counsel if you so elect) to discuss such item and required corrective action and (3) a reasonable opportunity to take the required action and cure such item.

 “Good Reason” shall mean (A) (x) a material reduction, without your written consent, of the nature
and scope of the authorities, powers, functions or duties assigned to you, or (y) any reduction, without your prior written consent, of your compensation (including, without limitation, your annual base salary or target annual bonus
opportunity), (B) the Company’s requiring you, without your prior written consent, to change the office location at which you are based which results in your having a commute to such location from your residence in excess of 75 miles or in
excess of 120% (in miles) of your commute immediately prior to the date of such change of location, whichever is greater, or (C) the Company’s breach of any material terms of your employment or this letter, and, in the case of clause
(A) or (C), such reduction or breach is not cured within 30 days after written notice by you to the Company identifying such reduction or breach. In order to constitute termination for Good Reason, you must terminate your employment within 60
days after the basis for such termination becomes known to you (or, in the case of clause (A) or (C), within 30 days after the Company has failed to cure such reduction or breach). 

 

 

  

 Annex C 

Form of Release of Claims 

WAIVER AND RELEASE OF CLAIMS 

1. General Release. In consideration of the payments and benefits to be made under the letter from Deltek, Inc. (the
“Company”) to [                    ] (the “Employee”), dated as of
                    , (the “Employment Letter”), the Employee, with the intention of binding the Employee and the
Employee’s heirs, executors, administrators and assigns, releases, remises, acquits and forever discharges the Company and each of its subsidiaries and affiliates (the “Company Affiliated Group”), their present and former
officers, directors, executives, agents, shareholders, attorneys, employees and employee benefits plans (and the fiduciaries thereof), and the successors, predecessors and assigns of each of the foregoing (individually, a “Company Released
Party,” and collectively, the “Company Released Parties”), of and from any and all claims, actions, causes of action, complaints, charges, demands, rights, damages, debts, sums of money, accounts, financial obligations,
suits, expenses, attorneys’ fees and liabilities of whatever kind or nature in law, equity or otherwise, whether accrued, absolute, contingent, unliquidated or otherwise and whether now known, unknown, suspected or unsuspected which the
Employee, individually or as a member of a class, now has, owns or holds, or has at any time prior to the date of this Agreement had, owned or held, against any Company Released Party (each, an “Action”) arising out of or in
connection with the Employee’s service as an employee, officer and/or director of any member of the Company Affiliated Group (or the predecessors thereof), including, without limitation, (i) the termination of such service in any such
capacity, (ii) for severance or vacation benefits, unpaid wages, salary or cash incentive or bonus payments, (iii) for breach of contract, wrongful discharge, impairment of economic opportunity, defamation, intentional infliction of
emotional harm or other tort and (iv) for any violation of applicable state and local labor and employment laws (including, without limitation, all laws concerning harassment, discrimination, retaliation and other unlawful or unfair labor and
employment practices), any and all Actions based on the Employee Retirement Income Security Act of 1974 (“ERISA”), and any and all Actions arising under the civil rights laws of any Federal, state or local jurisdiction, including,
without limitation, Title VII of the Civil Rights Act of 1964 (“Title VII”), the Americans with Disabilities Act (“ADA”), Sections 503 and 504 of the Rehabilitation Act, the Family and Medical Leave Act and the Age
Discrimination in Employment Act (“ADEA”), excepting only: 
  

	 	(a)	rights of the Employee under this Waiver and Release of Claims and the Employment Letter; 

 

	 	(b)	rights of the Employee relating to equity awards held by the Employee as of his or her date of termination; 

 

	 	(c)	the right of the Employee to receive COBRA continuation coverage in accordance with applicable law and the Employment Letter; 

 

	 	(d)	rights to indemnification the Employee may have (i) under applicable corporate law, (ii) under the bylaws or certificate of incorporation of any Company
Released Party or (iii) as an insured under any directors and officers liability insurance policy now or previously in force; 

  

	 	(e)	claims for benefits under any health, disability, retirement, deferred compensation, life insurance or other similar employee benefit plan or arrangement of the Company
Affiliated Group; and 

 

 

  

	 	(f)	claims for the reimbursement of unreimbursed business expenses incurred prior to the date of termination pursuant to applicable Company policy.

 2. No Admissions, Complaints or Other Claims. The Employee acknowledges and agrees that this Waiver and
Release of Claims is not to be construed in any way as an admission of any liability whatsoever by any Company Released Party, any such liability being expressly denied. The Employee also acknowledges and agrees that he or she has not, with respect
to any transaction or state of facts existing prior to the date hereof, filed any Actions against any Company Released Party with any governmental agency, court or tribunal. 

3. Application to all Forms of Relief. This Waiver and Release of Claims applies to any form of relief, including, without
limitation, wages, back pay, front pay, compensatory damages, liquidated damages, punitive damages for pain or suffering, costs and attorneys’ fees and expenses. 

4. Specific Waiver. The Employee specifically acknowledges that his or her acceptance of the terms of this Waiver and Release of
Claims is, among other things, a specific waiver of any and all Actions under Title VII, ADEA, ADA and any state or local law or regulation in respect of discrimination of any kind; provided, however, that nothing in this Waiver and Release of
Claims shall be deemed, nor does anything in this Agreement purport, to be a waiver of any right or Action which by law the Employee is not permitted to waive. 

5. Voluntariness. The Employee acknowledges and agrees that he or she is relying solely upon his or her own judgment; that the
Employee is over eighteen years of age and is legally competent to sign this Waiver and Release of Claims; that the Employee is signing this Waiver and Release of Claims of his or her own free will; that the Employee has read and understood the
Waiver and Release of Claims before signing it; and that the Employee is signing this Waiver and Release of Claims in exchange for consideration that he or she believes is satisfactory and adequate. The Employee also acknowledges and agrees that he
or she has been informed of the right to consult with legal counsel and has been encouraged to do so. 
 6. Complete
Agreement/Severability. This Waiver and Release of Claims constitutes the complete and final agreement between the parties and supersedes and replaces all prior or contemporaneous agreements, negotiations, or discussions relating to the subject
matter of this Waiver and Release of Claims. All provisions and portions of this Waiver and Release of Claims are severable. If any provision or portion of this Waiver and Release of Claims or the application of any provision or portion of the
Waiver and Release of Claims shall be determined to be invalid or unenforceable to any extent or for any reason, all other provisions and portions of this Waiver and Release of Claims shall remain in full force and shall continue to be enforceable
to the fullest and greatest extent permitted by law. 
 7. Acceptance and Revocability. The Employee acknowledges that he
or she has been given a period of 21 days within which to consider this Waiver and Release of Claims, unless applicable law requires a longer period, in which case the Employee shall be advised of such longer period and such longer period shall
apply. The Employee may accept this Waiver and Release of Claims at any time within this period of time by signing the Waiver and Release of Claims and returning it to the Company. This Waiver and Release of Claims shall not become effective or
enforceable until seven calendar days after the Employee signs it. The Employee may revoke his or her acceptance of this Waiver and Release of Claims at any time within that seven calendar day period by sending written notice to the Company. Such
notice must be received by the Company within the seven calendar day period in order to be effective and, if so received, will void this Waiver and Release of Claims for all purposes. 

 

 

  

 8. Governing Law. Except for issues or matters as to which Federal law is
applicable, this Waiver and Release of Claims shall be governed by and construed and enforced in accordance with the laws of the Commonwealth of Virginia without giving effect to its conflicts of laws principles. 

 

	
	  

	[ Employee]Agreement between Company and Gerald Haines II

 Exhibit 10.2 

June 2, 2010 
 Gerald M. Haines II

 57 Alderbrook Dr. 
 Topsfield, MA
01983 
 Dear Gerry: 
 This letter sets
forth the substance of the agreement (the “Agreement”) that you and Verenium Corporation (the “Company”) have reached with respect to your employment transition, in light of your recently expressed
desire to transition from your current role as the Company’s Executive Vice President and Chief Legal Officer. 
 1.
Separation Date and Transition Period. Your last day of work with the Company and your employment resignation date will be June 30, 2010 (the “Separation Date”). You hereby agree to resign, as of the Separation Date,
from any and all positions held by you with the Company or any of its affiliates, including but not limited to any Board of Director positions. The period between the date hereof and the Separation Date shall be referred to herein as the
“Transition Period.” Your employment shall remain at will during the Transition Period, such that Company may in its discretion choose to accelerate the Separation Date to an earlier date of its choosing. If the Separation
Date is accelerated by the Company, you shall cease receiving your regular base salary as of the new, earlier Separation Date. In addition, provided that the Separation Date is not accelerated by the Company for Cause (as defined in the employment
agreement between you and the Company dated September 24, 2010 (the “Employment Agreement”)), and if and only if all conditions set forth in Section 4 are met, you will still be entitled to the Bonus (as defined
below), to be paid within the timeframe set forth in Section 4. 
 2. Duties During and After Transition Period. You
agree to remain employed by the Company for the duration of the Transition Period. You will continue to be paid at your current base salary rate throughout this time. From the date hereof through and including May 28, 2010, you shall continue
to report to work on a full-time basis and to devote your full business time and energies to the performance of your usual job duties. Between May 29, 2010 and the Separation Date, you agree to make yourself available to perform services for
the Company a minimum of eight (8) hours per week, either remotely or from the Company’s Cambridge office, at your choosing after reasonable consideration of the needs of the Company. These services shall include assisting the Company in
the transition of your knowledge and job duties and advising the Company with respect to ongoing business and legal matters within your expertise (the “Services”). Between the end of the Transition Period and
December 31, 2010 (the “Post-Termination Period”), you agree to make yourself available to perform Services as requested by the Company up to a maximum of three (3) hours per week. Should the Company require your
Services in excess of three (3) hours per week during the Post-Termination Period, 

 
such Services shall be paid pursuant to a mutually acceptable compensation arrangement. The Company agrees that you may accept and actively engage in employment with another employer on or after
May 29, 2010, subject to the provisions of Section 4(a) and 4(b) of your Employment Agreement and to your obligation to continue to provide Services to the Company as described herein. For the avoidance of doubt, you will not be an
employee of the Company during the Post-Termination Period and during that time you will not be entitled to any of the compensation or benefits the Company makes available to its employees. 

3. Accrued Salary And Vacation; 2009 Bonus. On the Separation Date, the Company will pay you all accrued salary and all accrued
and unused vacation earned through the Separation Date, at the rates then in effect, subject to standard payroll deductions and withholdings. You are entitled to these payments by law. In addition, provided that you sign and return the release
attached hereto as Exhibit A (the “Release”) within the time period specified therein, but in no event later than forty-five days following the Separation Date, and provided that you allow the Release to become effective in
accordance with its terms, then within ten (10) days of the effective date of the Release (as defined therein), the Company will pay you your bonus for 2009 in the amount of one hundred and eight thousand, five hundred dollars ($108,500.00),
less standard payroll deductions and withholdings. 
 4. Post-Termination Bonus. Provided that: (1) you
satisfactorily perform the Services throughout the Transition Period and the Post-Termination Period; (2) you sign and return the Release within the time period specified therein, but in no event later than forty-five days following the
Separation Date, and allow the Release to become effective in accordance with its terms; and (3) the Board makes a reasonable business determination that at any time on or before December 31, 2010, the Company has or had cash or cash
equivalents of not less than forty million dollars ($40,000,000.00) on its balance sheet (the “Milestones”), then you will be entitled to a bonus in the amount of two hundred and thirty-two thousand, five hundred dollars
($232,500.00), less standard payroll deductions and withholdings (the “Bonus”). This amount will be paid to you in a single lump sum within ten (10) days of the later of (i) the effective date of the Release,
and (ii) the Board’s determination that the Milestones were achieved, but in no event shall such determination be made or such Bonus be paid later than March 15, 2011. It is intended that the payment of the Bonus satisfy the
requirements for the “short-term deferral” exemption from application of Section 409A provided under Treasury Regulation Section 1.409A-1(b)(4). 

5. Health Insurance. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the
Company’s current group health insurance policies, you will be eligible to continue your group health insurance benefits following the Separation Date. Later, you may be able to convert to an individual policy through the provider of the
Company’s health insurance, if you wish. You will be provided with a separate notice describing your rights and obligations under COBRA. 

6. Stock Options. Under the terms of your stock option agreement and the applicable plan documents, vesting of your stock options
will cease as of the Separation Date. Your right to exercise any vested shares, and all other rights and obligations with respect to your stock options, will be as set forth in your stock option agreement, grant notice and applicable plan documents.

 7. Other Compensation Or Benefits. You acknowledge that, except as expressly provided
in this Agreement, you will not receive any additional compensation, severance, or benefits from the Company after the Separation Date. You specifically acknowledge that your decision to transition from your current role with the Company was
voluntary, was not based on circumstances that would constitute Good Reason as defined in your Employment Agreement, and does not entitle you to severance pay under the Employment Agreement. 

8. Expense Reimbursements. You agree that, within seven (7) days of the Separation Date, you will submit your final
documented expense reimbursement statement reflecting all business expenses you incurred through the Separation Date, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business
practice. 
 9. Return Of Property. By the Separation Date, you agree to return to the Company all documents (and all
copies thereof) belonging to the Company and all other property belonging to the Company that you have in your possession, including, but not limited to, all files, notes, drawings, records, business plans and forecasts, financial information,
specifications, computer-recorded information, tangible property (including, but not limited to, computers), credit cards, entry cards, identification badges, and keys; and, any materials of any kind that contain or embody any proprietary or
confidential information of the Company (and all reproductions thereof). Your timely return of all such documents and other property is a condition precedent to your receipt of the benefits provided under this Agreement. 

10. Employee Information and Non-Disclosure Obligations. You hereby confirm your intent to adhere to your continuing obligations
under your Employee Information and Non-Disclosure Agreement, which apply in full force during the Transition Period and at all times thereafter. 

11. Non-Competition and Non-Solicitation Obligations. You hereby confirm your intent to adhere to your continuing non-competition
and non-solicitation obligations under Section 4 of your Employment Agreement. 
 12. Confidentiality. The
provisions of this Agreement will be held in the strictest confidence by you, and you will not publicize or disclose them in any manner whatsoever, provided, however, that you may disclose this Agreement: (a) in confidence to your
immediate family members, attorneys, accountants, auditors, tax preparers, and financial advisors; (b) insofar as such disclosure may be necessary to enforce its terms or as otherwise required by law; and (c) to the extent that this
Agreement or the information contained in it becomes publicly available other than as a result of disclosure by you in violation of this Agreement. 

13. Nondisparagement. You agree not to disparage the Company, or its officers, directors, employees, shareholders, or agents, in
any manner likely to be harmful to its or their businesses, business reputations, or personal reputations, provided that you will respond accurately and fully to any question, inquiry or request for information when required by legal process. The
Company agrees (through its officers and directors) not to disparage you in any manner likely to be harmful to you or your business or personal reputation, provided that the Company and its officers and directors will respond accurately and fully to
any question, inquiry or request for information when required by legal process. 

 14. No Admissions. You understand and agree that the promises and payments in
consideration of this Agreement shall not be construed to be an admission of any liability or obligation by the Company to you or to any other person, and that the Company makes no such admission. 

15. Miscellaneous. This Agreement and the Release attached as Exhibit A hereto constitutes the complete, final and exclusive
embodiment of the entire agreement between you and the Company with regard to its subject matter. It is entered into without reliance on any promise or representation, written or oral, other than those expressly contained herein, and it supersedes
any other such promises, warranties or representations, including your Employment Agreement. This Agreement may not be modified or amended except in a writing signed by both you and a duly authorized officer of the Company. This Agreement will bind
the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, and your and its heirs, successors and assigns. If any provision of this Agreement is determined to be
invalid or unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement and the provision in question will be modified so as to be rendered enforceable. This Agreement will be deemed to have been
entered into and will be construed and enforced in accordance with the laws of the Commonwealth of Massachusetts as applied to contracts made and to be performed entirely within Massachusetts. Any ambiguity in this Agreement shall not be construed
against either party as the drafter. Any waiver of a breach of this Agreement shall be in writing and shall not be deemed to be a waiver of any successive breach. This Agreement may be executed in counterparts and facsimile signatures will suffice
as original signatures. 
 Gerry, we are pleased to have been able to reach this mutually agreeable arrangement on the terms of your transition
and separation. Assuming this Agreement accurately reflects our understanding, please sign where indicated below and return the original to me. We wish you the very best in your future endeavors. 

Sincerely, 
 Verenium Corporation 

 

			
	By:	 	/s/ Carlos A. Riva
		 	 Carlos A. Riva
 Chief
Executive Officer

 I HAVE READ, UNDERSTAND AND
AGREE FULLY TO THE FOREGOING AGREEMENT: 
  

	
	/s/ Gerald M. Haines II
	GERALD M. HAINES II

Date: June 2, 2010                 

 EXHIBIT A 

RELEASE AND WAIVER OF CLAIMS 

NOT TO BE SIGNED UNTIL ON OR AFTER THE SEPARATION DATE 

In mutual consideration for, and as a condition to receiving, the respective benefits set forth in the agreement dated June 2, 2010
(the “Agreement”), to which this form is attached, including but not limited to my continued employment through June 30, 2010, the 2009 bonus payment, the opportunity to earn the Bonus, and this Release and Waiver of
Claims, Verenium Corporation (the “Company”) and I, Gerald M. Haines II, hereby furnish one another with the following release and waiver of claims (the “Release”). 

I hereby generally and completely release the Company and its current and former directors, officers, employees, stockholders, partners,
agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns (collectively, the “Released Parties”) from any and all claims, liabilities and obligations, both known and
unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to or on the date that I sign this Agreement (collectively, the “Released Claims”). The Released Claims include, but
are not limited to: (a) all claims arising out of or in any way related to my employment with the Company, or the termination of that employment; (b) all claims related to my compensation or benefits from the Company including salary,
bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company; (c) all claims for breach of contract, wrongful termination, and breach of the
implied covenant of good faith and fair dealing; (d) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (e) all federal, state, and local statutory claims,
including claims for discrimination, harassment, retaliation, misclassification, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the federal
Age Discrimination in Employment Act of 1967 (as amended) (the “ADEA”), the California Labor Code, the California Fair Employment and Housing Act (as amended), the Massachusetts Fair Employment Practices Law, and the
Massachusetts Equal Pay Law. Notwithstanding the foregoing, the following are not included in the Released Claims (the “Excluded Claims”): (a) any rights or claims for indemnification I may have pursuant to any written
indemnification agreement with the Company to which I am a party, the charter, bylaws, or operating agreements of the Company, or under applicable law; (b) any rights that are not waivable as a matter of law; or (c) any claims arising from
the breach of this Agreement. I hereby represent and warrant that, other than the Excluded Claims, I am not aware of any claims I have or might have against any of the Released Parties that are not included in the Released Claims. 

I also 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 or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the
debtor.” I hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction, including Massachusetts, of similar effect with respect to any claims I may have against the Company. 

 I acknowledge that, among other rights, I am waiving and releasing any rights I may have
under ADEA, that this Release is knowing and voluntary, and that the consideration given for this Release is in addition to anything of value to which I was already entitled as an executive of the Company. If I am 40 years of age or older upon
execution of this Release, I further acknowledge that I have been advised, as required by the Older Workers Benefit Protection Act, that: (a) the release and waiver granted herein does not relate to claims under the ADEA which may arise after
this Release is executed; (b) I should consult with an attorney prior to executing this Release; and (c) I have twenty-one (21) days from the date of termination of my employment with the Company in which to consider this Release
(although I may choose voluntarily to execute this Release earlier); (d) I have seven (7) days following the execution of this Release to revoke my consent to this Release; and (e) this Release shall not be effective until the seven
(7) day revocation period has expired unexercised (the “Release Effective Date”). 
 I acknowledge
my continuing obligations under my Employee Invention and Non-Disclosure Agreement. Pursuant to the Employee Invention and Non-Disclosure Agreement, I understand that among other things, I must not use or disclose any confidential or proprietary
information of the Company and I must immediately return all Company property and documents (including all embodiments of proprietary information) and all copies thereof in my possession or control. I understand and agree that my right to the
benefits I am receiving in exchange for my agreement to the terms of this Release is contingent upon my continued compliance with my Employee Invention and Non-Disclosure Agreement. 

In exchange for the consideration provided to the Company by the Agreement that the Company is not otherwise entitled to receive, the
Company, on behalf of itself and its subsidiaries and affiliates, and their respective successors assigns, officers, directors, employees, equity holders, and advisors (collectively, the “Company Parties”), hereby releases me
and my spouse, heirs, children, successors, representatives, executors, beneficiaries, administrators, trustees, attorneys and assigns (collectively, the “Company Released Parties”), from any and all claims, liabilities and
obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to or on the date that the Company signs this Agreement (collectively, the “Company Released
Claims”). Notwithstanding the foregoing, any claims arising from the breach of this Agreement and any claims based on my intentional, willful, or unlawful misconduct (including but not limited to any acts of financial misconduct,
embezzlement, fraud, or misappropriation of corporate resources) are not included in the Company Released Claims. The Company hereby represents and warrants that it is not aware of any claims any of the Company Parties has or might have against any
of the Company Released Parties that are not included in the Company Released Claims. 
 Notwithstanding any other provision
hereof, the parties agree that this Release shall become null and void in its entirety if the Bonus referenced in the Agreement is not paid on or before March 15, 2011. This Release constitutes the complete, final and exclusive embodiment of
the entire agreement between the Company and me with regard to the subject matter hereof. I am not relying on any promise or representation by the Company that is not expressly stated herein. This Release may only be modified by a writing signed by
both me and a duly authorized officer of the Company. 

									
	Date: 	 	June 2, 2010                   
     	 		 	By:	 	/s/ Gerald M. Haines II
		 		 		 		 	Gerald M. Haines II
				
		 		 		 	VERENIUM CORPORATION
					
	Date: 	 	June 2, 2010                   
     	 		 	By:	 	/s/ Carlos A. Riva
		 		 		 		 	Carlos A. Riva

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