Document:

exv10w25

 

Exhibit-10.25

Non-Employee
Directors — New Options — Singapore

NON-QUALIFIED SHARE OPTION AGREEMENT

UNDER THE AMENDED AND RESTATED EQUITY INCENTIVE PLAN

FOR SENIOR MANAGEMENT EMPLOYEES OF

AVAGO TECHNOLOGIES LIMITED AND SUBSIDIARIES

          This
Non-Qualified Share Option Agreement (this “Agreement”), is
entered into as of «Grant Date» by and
between Avago Technologies Limited, a company organized under the laws of Singapore, hereinafter
referred to as the “Company,” and «Name», a non-employee member of the Board of Directors of the Company,
hereinafter referred to as “Optionee.”

          WHEREAS, the Company wishes to afford the Optionee the opportunity to purchase ordinary shares
of the Company (“Shares”);

          WHEREAS, the Option is granted outside of the United States, and the Optionee is not a U.S.
Person (as defined below);

          WHEREAS, the Company wishes to carry out the Plan (as defined below), the terms of which are
hereby incorporated by reference and made a part of this Agreement; and

          WHEREAS, the Board of Directors of the Company has determined that it would be to the
advantage and best interest of the Company and its shareholders to grant the Non-Qualified Share
Option provided for herein to the Optionee as an incentive for increased efforts during his term of
service with the Company, and has advised the Company thereof and instructed the undersigned
officers to issue said Option;

          NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and
valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree
as follows:

ARTICLE I.

DEFINITIONS

          Unless otherwise defined in this Agreement, the terms defined in the Plan shall have the same
defined meanings in this Agreement unless the context clearly indicates to the contrary.

     Section 1.1 Affiliate

          “Affiliate” shall mean (a) with respect to any Person, any other Person directly or indirectly
controlling, controlled by, or under common control with, such Person, and (b) with respect to the
Company, also any entity designated by the Board of Directors in which the Company or one of its
Affiliates has an interest, and (c) Kohlberg Kravis Roberts & Co., L.P. (“KKR”), Silver Lake
Partners LLC (“SLP”) and any Affiliate of any partner of KKR or SLP. For purposes of this
Agreement, “Person” means an individual, partnership, corporation, business trust, joint stock
company, trust, unincorporated association, joint venture,

«Name» — Option Agreement

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governmental authority or other entity of whatever nature, and “control” shall have the
meaning given such term under Rule 405 of the Securities Act.

     Section 1.2 Committee

          “Committee” shall mean the Board of Directors or, if administration of the Plan is delegated
by the Board of Directors to it, the Compensation Committee of the Board of Directors or any other
committee of the Board of Directors designated by the Board of Directors to administer the Plan.

     Section 1.3 Option

          “Option” shall mean the Non-Qualified Share Option to purchase Shares granted under this
Agreement.

     Section 1.4 Permanent Disability

          The Optionee shall be deemed to have a “Permanent Disability” if the Optionee is unable to
engage in the activities required by his employment by reason of any medically determined physical
or mental impairment which can be expected to result in death or which has lasted or can be
expected to last for a continuous period of not less than 12 months, as reasonably determined by
the Board of Directors in good faith and in its discretion.

     Section 1.5 Plan

          “Plan” shall mean the Amended and Restated Equity Incentive Plan for Senior Management
Employees of Avago Technologies Limited and Subsidiaries, as the same may be amended from time to
time.

     Section 1.6 Pronouns

          The masculine pronoun shall include the feminine and neuter, and the singular the plural,
where the context so indicates.

     Section 1.7 Secretary

          “Secretary” shall mean the Secretary of the Company.

     Section 1.8 Subsidiary

          “Subsidiary” with respect to any entity shall mean any corporation in an unbroken chain of
corporations beginning with such entity if each of the corporations, or group of commonly
controlled corporations, other than the last corporation in the unbroken chain, then owns shares
possessing 50% or more of the total combined voting power of all classes of equity in one of the
other corporations in such chain.

«Name» — Option Agreement

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     Section 1.9 U.S. Person

          “U.S. Person” has the meaning accorded to it in Rule 902(k) of the Securities Act, and
currently includes the following:

          (a) Any natural person resident in the United States;

          (b) Any partnership or corporation organized or incorporated under the laws of the United
States;

          (c) Any estate of which any executor or administrator is a U.S. Person;

          (d) Any trust of which any trustee is a U.S. Person;

          (e) Any agency or branch of a foreign entity located in the United States;

          (f) Any non-discretionary account or similar account (other than an estate or trust) held by a
dealer or other fiduciary for the benefit or account of a U.S. Person;

          (g) Any discretionary account or similar account (other than an estate or trust) held by a
dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United
States; and

          (h) Any partnership or corporation if:

     (i) Organized or incorporated under the laws of any foreign jurisdiction; and

     (ii) Formed by a U.S. Person principally for the purpose of investing in securities not
registered under the Securities Act, unless it is organized or incorporated, and owned, by
accredited investors (as defined in Rule 501(a) under the Securities Act of 1933, as amended) who
are not natural persons, estates or trusts.

     Section 1.10 Vesting Reference Date

          “Vesting Reference Date” shall mean the date set forth on the signature page hereof.

ARTICLE II.

GRANT OF OPTION

     Section 2.1 Grant of Option

          For good and valuable consideration, on and as of the date hereof the Company irrevocably
grants to the Optionee an Option to purchase any part or all of an aggregate of the number of
Shares set forth on the signature page hereof upon the terms and conditions set forth in this
Agreement.

«Name» — Option Agreement

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     Section 2.2 Exercise Price

          The per share exercise price of the Shares covered by the Option shall be the amount set forth
on the signature page hereof, which is equal to the Fair Market Value of the Shares on the date of
grant.

     Section 2.3 Consideration to the Company

          In consideration of the granting of this Option by the Company, the Optionee agrees to render
faithful and efficient services to the Company, with such duties and responsibilities as the
Company shall from time to time prescribe. Nothing in this Agreement or in the Plan shall confer
upon the Optionee any right to continue in the service of the Company or any of its Subsidiaries or
Affiliates or shall interfere with or restrict in any way the rights of the Company and its
Subsidiaries and Affiliates, which are hereby expressly reserved, to terminate the service of the
Optionee at any time for any reason whatsoever, with or without Cause.

     Section 2.4 Adjustments in Option

          Subject to Section 14 of the Plan, in the event that the outstanding Shares subject to an
Option are, from time to time, changed into or exchanged for cash or a different number or kind of
shares of the Company or other securities of the Company by reason of a merger, consolidation,
recapitalization, reclassification, stock split, stock dividend, combination of shares, or
otherwise, the Committee shall make an appropriate and equitable adjustment in the number and kind
of shares or other consideration and the exercise price as to which such Option, or portions
thereof then unexercised, shall be exercisable in order to prevent dilution or enlargement of the
benefits intended to be made available with respect to any Option. Any such adjustment made by the
Committee shall be final and binding upon the Optionee, the Company and all other interested
persons.

ARTICLE III.

PERIOD OF EXERCISABILITY

     Section 3.1 Commencement of Exercisability

          (a) The Option shall become exercisable with respect to 20% of the Shares subject to such
Option on each anniversary of the Vesting Reference Date, so that 100% of the Shares subject to the
Option shall be exercisable on the fifth anniversary of the Vesting Reference Date.

          (b) Notwithstanding the foregoing, no Option or portion thereof shall become exercisable as to
any additional Shares following the Optionee’s cessation of service with the Company or a
Subsidiary as a Non-Employee Director, an Employee or a Consultant for any reason and any Option
which is non-exercisable as of the Optionee’s cessation of service with the Company or a Subsidiary
as a Non-Employee Director, an Employee or Consultant shall be immediately cancelled.

«Name» — Option Agreement

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     Section 3.2 Expiration of Option

          Except as otherwise provided in the Plan, the Option may not be exercised to any extent by
anyone after the first to occur of the following events:

          (a) The fifth anniversary of the date hereof;

          (b) The first anniversary of the date of the Optionee’s cessation of service with the Company
or a Subsidiary as a Non-Employee Director, an Employee or Consultant by reason of death or
Permanent Disability;

          (c) The first business day which is ninety calendar days after the cessation of service with
the Company or a Subsidiary as a Non-Employee Director, an Employee or Consultant for any reason
other than for Cause, death or Permanent Disability;

          (d) The opening of business on the date of termination by the Company for Cause of the
Optionee’s service with the Company as a Non-Employee Director, an Employee or Consultant; or

          (e) If the Committee so determines pursuant to Section 15 of the Plan, the effective date of
either the merger or consolidation of the Company into another Person, or the exchange or
acquisition by another Person of all or substantially all of the Company’s assets or 80% or more of
its then outstanding voting shares, or the recapitalization, reclassification, liquidation or
dissolution of the Company. At least ten (10) days prior to the effective date of such merger,
consolidation, exchange, acquisition, recapitalization, reclassification, liquidation or
dissolution, the Committee shall give the Optionee notice of such event if the Option has then
neither been fully exercised nor become unexercisable under this Section 3.2.

ARTICLE IV.

EXERCISE OF OPTION

     Section 4.1 Person Eligible to Exercise

          During the lifetime of the Optionee, only he may exercise an Option or any portion thereof.
After the death of the Optionee, any exercisable portion of an Option may, prior to the time when
an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or
by any person empowered to do so under the Optionee’s will or under the then applicable laws of
descent and distribution.

     Section 4.2 Partial Exercise

          Any exercisable portion of an Option or the entire Option, if then wholly exercisable, may be
exercised in whole or in part at any time prior to the time when the Option or portion thereof
becomes unexercisable under Section 3.2; provided, however, that any partial exercise shall be for
whole Shares only.

«Name» — Option Agreement

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     Section 4.3 Manner of Exercise

          An Option, or any exercisable portion thereof, may be exercised solely by delivering to the
Secretary or his office all of the following prior to the time when the Option or such portion
becomes unexercisable under Section 3.2:

          (a) Notice in writing signed by the Optionee or the other person then entitled to exercise the
Option or portion thereof, stating that the Option or portion thereof is thereby exercised, such
notice complying with all applicable rules established by the Committee;

          (b) Full payment (in cash, by check or by a combination thereof or by such other means as may
be approved by the Committee in its sole discretion) for the Shares with respect to which such
Option or portion thereof is exercised;

          (c) A bona fide written representation and agreement, in a form satisfactory to the Committee,
signed by the Optionee or other person then entitled to exercise such Option or portion thereof,
stating (i) that the Shares are being acquired for his own account, for investment and without any
present intention of distributing or reselling said shares or any of them except as may be
permitted under the Securities Act, (ii) that the Optionee or other person then entitled to
exercise such Option or portion thereof has not been a U.S. Person from the date such person was
granted or otherwise transferred the Option through the date of exercise of the Option or portion
thereof and (iii) then applicable rules and regulations thereunder, and that the Optionee or other
person then entitled to exercise such Option or portion thereof will indemnify the Company against
and hold it free and harmless from any loss, damage, expense or liability resulting to the Company
if any sale or distribution of the shares by such person is contrary to the representation and
agreement referred to above; provided, however, that the Committee may, in its absolute discretion,
take whatever additional actions it deems appropriate to ensure the observance and performance of
such representation and agreement and to effect compliance with the Securities Act, any other U.S.
federal or state securities laws or regulations and any other applicable laws or regulations;

          (d) Full payment to the Company (in cash, by check or by a combination thereof) of all amounts
which, under federal, state or local law, it is required to withhold upon exercise of the Option;
and

          (e) In the event the Option or portion thereof shall be exercised pursuant to Section 4.1 by
any person or persons other than the Optionee, appropriate proof of the right of such person or
persons to exercise the Option.

Notwithstanding the foregoing, upon Optionee’s termination of service to the Company by the Company
without Cause, by the Optionee for Good Reason or by reason of death or Permanent Disability, in
satisfaction of the payments required by Sections 4.3(b) and (d) above, Optionee may execute a
cashless exercise, net of such payments, pursuant to a formal program adopted by the Company in
connection with the Plan provided that such a cashless exercise would not, as determined by the
Committee in its sole discretion, (i) cause the Company or its Subsidiaries to

«Name» — Option Agreement

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breach any debt agreement to which the Company or any of its Subsidiaries is a party, (ii) result
in a violation under Section 409A of the Code or the regulations promulgated thereunder, (iii) be
otherwise prohibited by the Code or the regulations promulgated thereunder or (iv) result in
negative accounting treatment under Generally Accepted Accounting Principles (“GAAP”).

Without limiting the generality of this Section 4.3, the Committee may require an opinion of
counsel acceptable to it to the effect that any subsequent transfer of shares acquired on exercise
of an Option does not violate the Securities Act, and may issue stop-transfer orders covering such
Shares. Share certificates evidencing Shares issued on exercise of this Option shall bear an
appropriate legend referring to the provisions of subsection (c) above and the agreements herein.
The written representation and agreement referred to in subsection (c) above shall, however, not be
required if the Shares to be issued pursuant to such exercise have been registered under the
Securities Act, and such registration is then effective in respect of such Shares.

     Section 4.4 Conditions to Issuance of Certificates

          The Shares deliverable upon the exercise of an Option, or any portion thereof, may be either
previously authorized but unissued Shares or, subject to applicable laws, issued Shares which have
then been reacquired by the Company. Such Shares shall be fully paid and nonassessable. The
Company shall not be required to issue or deliver any certificate or certificates for Shares
purchased upon the exercise of an Option or portion thereof prior to fulfillment of all of the
following conditions:

          (a) The obtaining of approval or other clearance from any governmental agency which the
Committee shall, in its absolute discretion, determine to be necessary or advisable; and

          (b) The lapse of such reasonable period of time following the exercise of the Option as the
Committee may from time to time establish for reasons of administrative convenience; provided,
however, that no delay in the issuance of any certificate to be issued hereunder shall operate to
prejudice or impair the Optionee’s rights to participate in a corporate transaction providing for
the disposition of Shares or to exercise his rights hereunder.

     Section 4.5 Rights as Shareholder

          The holder of an Option shall not be, nor have any of the rights or privileges of, a
shareholder of the Company in respect of any Shares purchasable upon the exercise of the Option or
any portion thereof unless and until certificates representing such Shares shall have been issued
by the Company to such holder.

«Name» — Option Agreement

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ARTICLE V.

MISCELLANEOUS

     Section 5.1 Administration

          The Committee shall have the power to interpret the Plan and this Agreement and to adopt such
rules for the administration, interpretation and application of the Plan as are consistent
therewith and to interpret or revoke any such rules. All actions taken and all interpretations and
determinations made by the Committee shall be final and binding upon the Optionee, the Company and
all other interested persons. No member of the Committee shall be personally liable for any
action, determination or interpretation made in good faith with respect to the Plan or the Option.
In its absolute discretion, the Board of Directors may at any time and from time to time exercise
any and all rights and duties of the Committee under the Plan and this Agreement.

     Section 5.2 Option Not Transferable

          Neither the Option nor any interest or right therein or part thereof shall be liable for the
debts, contracts or engagements of the Optionee or his successors in interest or shall be subject
to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other
means whether such disposition be voluntary or involuntary or by operation of law by judgment,
levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy),
and any attempted disposition thereof shall be null and void and of no effect; provided, however,
that this Section 5.2 shall not prevent transfers by will or by the applicable laws of descent and
distribution or any transfer to the Company contemplated in the Plan.

     Section 5.3 Shares to Be Reserved

          The Company shall at all times during the term of the Option reserve and keep available such
number of Shares as will be sufficient to satisfy the requirements of this Agreement.

     Section 5.4 Notices

          Any notice to be given under the terms of this Agreement to the Company shall be addressed to
the Company in care of its Secretary, and any notice to be given to the Optionee shall be addressed
to him at his most recent address as reflected in the Company’s records. By a notice given
pursuant to this Section 5.4, either party may hereafter designate a different address for notices
to be given to him or it. Any notice which is required to be given to the Optionee shall, if the
Optionee is then deceased, be given to the Optionee’s personal representative if such
representative has previously informed the Company of his status and address by written notice
under this Section 5.4. Any notice shall have been deemed duly given when enclosed in a properly
sealed envelope or wrapper addressed as aforesaid, and delivered by hand (whether by courier or
otherwise) or sent by registered or certified mail, return receipt requested (with postage
prepaid).

«Name» — Option Agreement

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     Section 5.5 Titles

          Titles are provided herein for convenience only and are not to serve as a basis for
interpretation or construction of this Agreement.

     Section 5.6 Applicability of Plan

          The Option and the Shares issued to the Optionee upon exercise of the Option shall be subject
to all of the terms and provisions of the Plan, to the extent applicable to the Option and such
Shares. In the event of any conflict between this Agreement and the Plan, the terms of the Plan
shall control.

     Section 5.7 Amendment

          This Agreement may be amended only by a writing executed by the parties hereto, which
specifically states that it is amending this Agreement.

     Section 5.8 Jurisdiction

          Any suit, action or proceeding against the Optionee with respect to this Agreement, or any
judgment entered by any court in respect of any thereof, may be brought in any court of competent
jurisdiction in the State of California, and the Optionee hereby submits to the exclusive
jurisdiction of such courts for the purpose of any such suit, action, proceeding or judgment. The
Optionee hereby irrevocably waives any objections which he may now or hereafter have to the laying
of the venue of any suit, action or proceeding arising out of or relating to this Agreement brought
in any court of competent jurisdiction in the State of California, and hereby further irrevocably
waives any claim that any such suit, action or proceeding brought in any such court has been
brought in any inconvenient forum. No suit, action or proceeding against the Company with respect
to this Agreement may be brought in any court, domestic or foreign, or before any similar domestic
or foreign authority other than in a court of competent jurisdiction in the State of California,
and the Optionee hereby irrevocably waives any right which he may otherwise have had to bring such
an action in any other court, domestic or foreign, or before any similar domestic or foreign
authority. The Company hereby submits to the jurisdiction of such courts for the purpose of any
such suit, action or proceeding.

          Section 5.9 — Employee Representation and Acknowledgement

          By signing this Agreement, the Optionee hereby represents, acknowledges and confirms that the
Optionee has read this Agreement carefully and completely and understands each of the terms hereof.

          By signing this Agreement, the Optionee also hereby represents that the Optionee is not a U.S.
Person as of the date hereof.

(Signature Page Follows)

«Name» — Option Agreement

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IN WITNESS WHEREOF, this Non-Qualified Share Option Agreement has been executed and delivered by
the parties hereto as of the date first written above.

	 	 	 	 	 	 	 
	«NAME»,
OPTIONEE

	 	COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By 	 	 
	 

Signature

	 	Its
	 

	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

Optionee’s Address

	 	 	 	 	 	 

Aggregate number of Shares for which the Option granted hereunder is exercisable: «Options»

Per share exercise price: «Exercise_Price»

Grant Date for purposes of the provisions set forth in the Plan: «Grant_Date»

Vesting Reference Date: «Vesting_Reference_Date»

«Name» — Option Agreement

10exv10w26

 

Exhibit-10.26

March 15, 2006

Hock E. Tan

373 Righters Mill Road

Gladwyne, PA 19035

Re: Employment Offer

Dear Hock:

     Avago Technologies Limited (the “Company”) is pleased to offer you the position of Chief
Executive Officer. This letter (the “Agreement”) sets forth, among other things, the terms of your
employment with the Company. For purposes of this Agreement, employment with the Company shall be
deemed to include employment with the Company’s United States subsidiaries.

     • Duties. Your employment will commence hereunder effective as of
March 31, 2006. You will be employed as the President and Chief Executive Officer, and will
perform the duties customarily associated with such positions. You will report to and be a member
of the Company’s Board of Directors (the “Board”) and will perform your services on a full-time
basis at the Company’s headquarters in San Jose, California. You shall devote your full working
time and attention to the business affairs of the Company.

     • Base Salary/Bonus. You will receive an annual base salary of
$600,000 for all hours worked to be paid in accordance with the Company’s customary payroll
procedures, less payroll deductions and withholdings. You will be eligible to receive a cash bonus
each year based upon your and/or the Company’s attainment of certain performance objectives as
determined by the Board following consultation with you. The target level for attaining 100% of
your objectives will be 100% of your base salary. Based upon actual performance versus such
performance objectives, your cash bonus payouts may exceed your target amount. 

     • Options. You will be eligible to participate in the Equity Incentive Plan
for Executive Employees of Avago Technologies Limited and Subsidiaries or any successor equity plan
and will be granted an initial non-qualified option to purchase 950,000 ordinary shares of the
Company. Assuming your continued employment, 450,000 of your initial option will vest 50% based on
time and 50% based on the performance of the Company, in each case, over five years. The remaining
500,000 ordinary shares of the Company, assuming your continued employment, will vest 100% based on
the performance of the Company over five years. You will receive an opportunity to invest
$2,000,000 in the ordinary shares of the Company and will be eligible for a non-qualified option to
purchase additional shares in connection with any co-investment of 3.5x the amount you choose to
invest ($2,000,000). The options you receive in connection with your co-investment will vest 50%
based on time and 50% based on performance, in each case, assuming your continued employment over
five years.

 

 

     • Benefits. You will be eligible to participate in all of the
employee benefit plans or programs the Company generally makes available to its executive
employees, pursuant to the terms and conditions of such plans. You will initially be entitled to
three (3) weeks of paid flexible time off.

     • Expenses. You shall be entitled to reimbursement for all ordinary
and reasonable out-of-pocket business expenses which are reasonably incurred by you in furtherance
of the Company’s business and in accordance with the Company’s standard policies.

     • Relocation Bonus. Consistent with Company policy, you will be
entitled to a relocation benefit equal to one month of base salary, which shall be paid in a single
lump sum on the first normally scheduled payroll period following your first day of employment.

     • Indemnification. You shall be entitled to enter into an
indemnification agreement with the Company containing customary terms no less favorable than the
terms of any such indemnification agreement between the Company and any other director. You shall
be entitled to be covered under the Company’s director’s and officer’s insurance policy consistent
with the coverage of other directors generally.

     • Company Policies And Confidentiality Agreement. As an employee of
the Company, you will be expected to abide by all of the Company’s policies and procedures. As a
condition of your employment, you agree to abide by the terms of the Company’s form of Agreement
Regarding Confidential Information and Proprietary Developments.

     • Other Agreements. As a condition to your employment with the
Company, you agree that your performance of your duties for the Company will not violate any
agreements, obligations or understandings that you may have with any third party or prior employer.
You agree not to make any unauthorized disclosure or use, on behalf of the Company, of any
confidential information belonging to any of your former employers. You also represent that you
are not in unauthorized possession of any materials containing a third party’s confidential and
proprietary information.

     • Outside Activities. While employed by the Company, you will not
engage in any business activity in competition with the Company nor make preparations to do so.
With prior approval of the Board you may serve as a member of the board of directors of other
companies not in competition with the Company; provided such service does not interfere with the
performance of your duties hereunder. The Company expressly acknowledges and agrees that you can
remain and continue your role as the non-executive Chairman of the Board of Directors of Integrated
Device Technology, Inc. provided such service does not interfere with the performance of
your duties under this Agreement.

     • At-will Employment. As an employee of the Company, you may
terminate your employment and your service as a member of the Board at any time and for any reason
whatsoever simply by notifying the Company. Similarly, the Company may terminate your employment
and your service as a member of the Board at any time and for any reason whatsoever, with or
without Cause or advance notice. Your at-will employment relationship

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with the Company cannot be changed except in writing signed by an authorized representative of
the Board.

     • Severance Benefits.

   ¡ Termination By The Company Without Cause or for Good Reason, Death or Disability. If
your employment by the Company is terminated by the Company without Cause (as defined
below), or if you voluntarily terminate your employment for Good Reason (as defined below),
and if you provide the Company with a signed customary and reasonable general release of all
claims against the Company and its affiliates in a form acceptable to the Company, the
Company shall provide you with continuation of your base salary for a period of twelve (12)
months after your termination date at the rate in effect immediately prior to your
termination of employment, less applicable withholdings and payment of an amount equal to
the lesser of (a) your prior year’s bonus and (b) your prior year’s target bonus, both
payable in twelve (12) substantially equal installments pursuant to the Company’s normal and
customary payroll procedures; provided, however, that for your first year of employment,
your prior year’s bonus and your prior year’s target bonus shall both be deemed to be your
first year’s target bonus; provided further, however, that to the extent required to comply
with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), if you are
deemed to be a “specified employee” for purposes of Section 409A(a)(2)(B) of the Code, you
agree that the installments due to you under this paragraph in connection with a termination
of your employment that would otherwise have been payable at any time during the six-month
period immediately following such termination of employment shall not be paid prior to, and
shall instead be payable in a lump sum as soon as practicable following, the expiration of
such six-month period. In the event of your death or disability, upon provision to the
Company of a signed general release of all claims against the Company and its affiliates in
a form acceptable to the Company, you (or your estate) will receive the severance benefits
described in this paragraph.

   ¡ Change in Control Benefits. If your employment by the Company is terminated by the
Company without Cause, or if you voluntarily terminate your employment for Good Reason, or
if you die or become disabled, in each case within the three (3) month period immediately
prior to or the twelve (12) month period commencing on a Change in Control (as defined
below), and if you provide the Company with a signed customary and reasonable general
release of all claims against the Company and its affiliates in a form acceptable to the
Company, then in lieu of the severance benefits described in the preceding paragraph, the
Company shall provide you (or your estate) with continuation of your base salary for a
period of twenty-four (24) months after your termination date at the rate in effect
immediately prior to your termination of employment, less applicable withholdings, and
payment of an amount equal to 200% of the lesser of (a) your prior year’s bonus and (b) your
prior year’s target bonus, both payable in twenty-four (24) substantially equal installments
pursuant to the Company’s normal and customary payroll procedures; provided, however, that
for your first year of employment, your prior year’s bonus and your prior year’s target
bonus shall both be deemed to be your first year’s target bonus; provided further, however,
that to the extent required to comply with

3

 

Section 409A of the Code, if you are deemed to be a “specified employee” for purposes
of Section 409A(a)(2)(B) of the Code, you agree that the installments due to you under this
paragraph in connection with a termination of your employment that would otherwise have been
payable at any time during the six-month period immediately following such termination of
employment shall not be paid prior to, and shall instead be payable in a lump sum as soon as
practicable following, the expiration of such six-month period. Finally, your then
outstanding options shall immediately accelerate and become vested and exercisable for that
number of shares subject thereto with respect to which such options would have become vested
and exercisable over the succeeding twelve (12) month period based solely on the passage of
time and your performance of services (i.e., you will receive twelve (12) month accelerated
vesting on your time vesting options).

   ¡ Gross-Up Payment. Prior to the Company becoming listed on an established stock
exchange or national market system, Kohlberg Kravis & Roberts Co., L.P. and Silver Lake
Partners, LLC (the “Sponsors”) shall use commercially reasonable efforts to obtain
shareholder approval for any payments that would otherwise result in an excise tax liability
under Section 4999 of the Code following your timely, written request therefore. In the
event the Company becomes listed on any established stock exchange or a national market
system, the Board shall negotiate in good faith with you regarding whether to amend this
Agreement to provide for a payment to offset any excise taxes imposed by Section 4999 of the
Code.

   ¡ Termination By The Company With Cause Or Termination By You. If your employment by
the Company is terminated by the Company with Cause, or if you voluntarily terminate your
employment with the Company (other than for Good Reason), you shall not be entitled to any
severance pay, severance benefits, or any compensation or benefits from the Company
whatsoever, other than as required under applicable law.

   ¡ Definitions.

     • Cause. For purposes of this Agreement, “Cause” shall mean (A) your willful
refusal to perform in any material respect your duties or responsibilities for the Company
or its affiliates or willful disregard in any material respect of any financial or other
budgetary limitations established in good faith by the Board; or (B) your material breach of
any provision of this Agreement that is not cured upon ten (10) days notice thereof; or (C)
the engaging by you in conduct that causes material and demonstrable injury, monetarily or
otherwise, to the Company or any affiliates, including, but not limited to, misappropriation
or conversion of assets of the Company or any affiliates (other than non-material assets);
or (D) your engagement in an act of moral turpitude or conviction of or entry of a plea of
nolo contendere to a felony.

     •
Change in Control. For purposes of this Agreement, “Change in Control” shall
mean (i) the sale of all or substantially all of the assets of the Company and its
subsidiaries, taken as a whole to a person who is not an affiliate of the Company or the
Sponsors; (ii) a sale by the Sponsors or any of their respective affiliates resulting in
more than fifty percent (50%) of the voting shares of the Company being held by a

4

 

person or related group of persons that does not include the Sponsors or any of their
respective affiliates or (iii) a merger or consolidation of the Company into another person
which is not an affiliate of the Company or the Sponsors, if and only if as a result of such
merger or consolidation the Sponsors lose the ability to elect a majority of the Board (or
the resulting entity).

     • Good Reason. For purposes of this Agreement, the term “Good Reason” shall mean
any of the following: (A) a reduction in your base salary (other than as part of a broad
salary reduction program instituted because the Company or its affiliates is in financial
distress); (B) a substantial reduction in your duties and responsibilities; (C) the
elimination or reduction of your eligibility to participate in the Company’s benefit
programs that is inconsistent with the eligibility of executive employees of the Company to
participate therein; (D) the Company informs you of its intention to transfer your primary
workplace to a location that is more than 50 miles from your workplace as set forth herein;
(E) the Company’s material breach of this Agreement that is not cured within sixty (60) days
written notice thereof; and (F) any serious chronic mental or physical illness of a member
of your family that requires you to terminate your employment because of substantial
interference with your duties at the Company; provided, that at the Company’s request you
shall provide the Company with a written physician’s statement confirming the existence of
such mental or physical illness.

     • Entire Agreement. This Agreement and the documents referenced
herein (including, without limitation, the equity-related documents) constitute the complete, final
and exclusive embodiment of the entire agreement between you and the Company with respect to the
terms and conditions of your employment specified herein. This Agreement supersedes any other such
promises, warranties, representations or agreements. This Agreement may not be amended or modified
except by a written instrument signed by you and an authorized representative of the Board.

     • Governing Law. This Agreement will be governed by and construed in
accordance with the laws of the State of California without regard to the conflicts of law
provisions thereof.

     • Dispute Resolution. To ensure the timely and economical resolution
of disputes that arise in connection with your employment with the Company, you and the Company
agree that any and all disputes, claims, or causes of action arising from or relating to the
enforcement, breach, performance or interpretation of this Agreement, your employment, or the
termination of your employment, shall be resolved to the fullest extent permitted by law by final,
binding and confidential arbitration, by a single arbitrator, in Santa Clara County, California,
conducted by Judicial Arbitration and Mediation Services, Inc. (“JAMS”) under the applicable JAMS
employment rules. By agreeing to this arbitration procedure, both you and the Company waive the
right to resolve any such dispute through a trial by jury or judge or administrative proceeding.
The arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of
the dispute and to award such relief as would otherwise be permitted by law; and (b) issue a
written arbitration decision, to include the arbitrator’s essential findings and conclusions and a
statement of the award. The arbitrator shall be authorized to award any or all remedies that you
or the Company would be entitled to seek in a court of law.

5

 

The Company shall pay all JAMS’ arbitration fees in excess of the amount of court fees that
would be required if the dispute were decided in a court of law. Nothing in this Agreement is
intended to prevent either you or the Company from obtaining injunctive relief in court to prevent
irreparable harm pending the conclusion of any such arbitration. Notwithstanding the foregoing,
you and the Company each have the right to resolve any issue or dispute over intellectual property
rights by Court action instead of arbitration.

     As required by law, this Agreement is subject to satisfactory proof of your right to work in
the United States. This Agreement and your employment by the Company are also conditioned on the
Company completing, to its satisfaction, a review of your personal and/or business references as
well as a background check.

     We are looking forward to a long and fruitful working relationship with you. If you choose to
accept this Agreement under the terms described above, please acknowledge your acceptance of our
offer by returning a signed copy of this letter to our attention.

Sincerely,

/s/ Adam
Clammer

Adam Clammer

Kohlberg Kravis Roberts & Co.

/s/ Ken
Hao

Ken Hao

Silver Lake Partners

Agreed
and Accepted this 28 day of March, 2006

/s/ Hock
E. Tan

Hock E. Tan

6

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