Document:

Change of Control Agreement

EXHIBIT 10.14 
 
CHANGE OF CONTROL AGREEMENT 
 
This Change of Control Agreement (the “Agreement”) is made and entered into effective as of October
21, 2002 (the “Effective Date”), by and between [NAME] (the “Executive”) and REMEC, Inc. (the “Company”). Certain capitalized terms used in this Agreement are defined in Section 1 below. 
 
R E C I T A L S 
 
A. It is expected that the Company from time to time will
consider the possibility of a Change of Control. The Board of Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to the Executive and can cause the Executive to consider alternative employment
opportunities. 
 
B. The Board believes that it is
in the best interest of the Company and its shareholders to provide the Executive with an incentive to continue his employment and to maximize the value of the Company upon a Change of Control for the benefit of its shareholders. 
 
C. In order to provide the Executive with enhanced financial
security and sufficient encouragement to remain with the Company notwithstanding the possibility of a Change of Control, the Board believes that it is imperative to provide the Executive with certain severance benefits upon the Executive’s
termination of the employment following a Change of Control. 
 
AGREEMENT 
 
In
consideration of the mutual covenants herein contained and the continued employment of Executive by the Company, the parties agree as follows: 
 
1. Definition of Terms. The following terms referred to in this Agreement shall have the following meanings: 
 
        (a)
Cause. “Cause” shall mean: (i) any act of personal dishonesty taken by the Executive in connection with his responsibilities as an employee which is intended to result in substantial personal enrichment of the Executive, (ii)
Executive’s conviction of a felony which the Board reasonably believes has had or will have a material detrimental effect on the Company’s reputation or business, (iii) a willful act by the Executive which constitutes misconduct and is
injurious to the Company, and (iv) continued willful violations by the Executive of the Executive’s obligations to the Company after there has been delivered to the Executive a written demand for performance from the Company which describes the
basis for the Company’s belief that the Executive has not substantially performed his duties. 
 

1 

(b) Change of Control. “Change of Control” shall mean the occurrence of
any of the following events: 
 
        (i) Merger or Consolidation: The completion of a merger or consolidation of the Company with any other corporation or entity, other than a merger or consolidation that would
result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the
total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; 
 
        (ii) Liquidation: Any approval by the shareholders of the Company of a plan of
complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all (that is, not less than 95% of the net book value) of the assets of the Company; 
 
        (iii)
Acquisition of Fifty Percent Voting Power: Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the “beneficial owner” (as defined in Rule 13d-3 under
said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities; or 
 
        (iv) Change
in Composition of the Board: A change in the composition of the Board, as a result of which less than a majority of the directors are incumbent directors. “Incumbent Directors” shall mean directors who either: (i) are directors of the
Company as of the date hereof; 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 (a), (b) or (c) or in connection with an actual or threatened proxy contest relating to the election of directors of the Company. 
 
(c) Involuntary Termination. “Involuntary Termination” shall mean: (i) without the Executive’s express written
consent, a significant reduction of the Executive’s duties, position or responsibilities relative to the Executive’s duties, position or responsibilities in effect immediately prior to such reduction, or the removal of the Executive from
such position, duties and responsibilities, unless the Executive is provided with comparable duties, position and responsibilities; (ii) without the Executive’s express written consent, a substantial reduction, without good business reasons, of
the facilities and perquisites (including office space and location) available to the Executive immediately prior to such reduction; (iii) a reduction by the Company of the Executive’s base salary or target bonus as in effect immediately prior
to such reduction; (iv) a material reduction by the Company in the kind or level of employee benefits to which the Executive is entitled immediately prior to such reduction with the result that the Executive’s overall benefits package is
significantly reduced; (v) without the Executive’s express written consent, the relocation of the Executive to a facility or location more than thirty-five (35) miles from his current location; (vi) any purported 
 

2 

termination of the Executive by the Company which is not effected for Cause or for which the grounds
relied upon are not valid; or (vii) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 5 below. 
 
2. Term of Agreement. This Agreement shall terminate upon the date that all obligations of the parties hereto under this Agreement
have been satisfied. 
 
3. At-Will
Employment. The Company and the Executive acknowledge that the Executive’s employment is and shall continue to be at-will, as defined under applicable law. If the Executive’s employment terminates for any reason, the Executive shall
not be entitled to any payments, benefits, damages, awards or compensation other than as provided by this Agreement, or as may otherwise be established under the company’s then existing employee benefit plans or policies at the time of
termination. 
 
4. Change of Control and
Severance Benefits. 
 
        (a) Option Acceleration. Upon a Change of Control, all unvested options granted to the Executive by the Company prior to such Change of Control that are scheduled to vest within
one (1) year from the date of such Change of Control shall immediately vest and become fully exercisable. If the Executive’s employment with the Company terminates as a result of an Involuntary Termination within two (2) years after a Change of
Control, all outstanding options granted prior to the Change of Control shall immediately vest and become exercisable, subject to the approval of the Board of Directors.* 
 
* Note: the italicized clause above is not contained in the agreements executed by Messrs. Ragland and Morash.

 
        (b) Involuntary Termination Following A Change of Control. 
 
                (i) Severance Benefits. If the
Executive’s employment with the Company terminates as a result of an Involuntary Termination within two (2) years after a Change of Control, then the Executive shall be entitled to receive as severance benefits (“Severance Benefits”)
a sum equal to: (1) eighteen (18) months of his annualized base salary as in effect immediately prior to the Change of Control; and (2) one and one-half times the average of any annual bonuses received from the Company during the two years prior to
such Change of Control. Such Severance Benefits shall be paid in equal monthly installments in accordance with the Company’s normal payroll practices. In addition, during the period of payment of such Severance Benefits, the Company shall
continue to make available to the Executive and Executive’s spouse and dependents all group medical, dental or other health plans, any disability or life insurance plans and other similar insurance plans in which Executive or Executive’s
spouse or dependents participate on the date of the Executive’s termination on the same basis as before such termination. For an additional eighteen (18) months after the termination of the Severance Benefits payments, the Company shall
continue to make available to the Executive and Executive’s spouse and dependents all group medical, dental or other 
 

3 

health plans upon payment by the Executive of the amount that would be payable under the Consolidated
Omnibus Budget Reconciliation Act (COBRA). 
 
        (c) Other Termination. If the Executive’s employment with the Company terminates other than as a result of an Involuntary Termination after a Change of Control, such as by
the Company for Cause or by the Executive as a result of a voluntary resignation, then the Executive shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established
under the Company’s then existing severance and benefits plans and policies at the time of such termination. 
 
        (c) Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the
timing of, Executive’s termination of employment: (i) the Company shall pay the Executive any unpaid base salary due for periods prior to the date of termination; (ii) the Company shall pay the Executive all of the Executive’s accrued and
unused vacation through the date of termination; and (iii) following submission of proper expense reports by the Executive, the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive in connection
with the business of the Company prior to the date of termination. These payments shall be made promptly upon termination and within the period of time mandated by law. 
 
5. Successors. 
 
        (a) Company’s Successors. Any successor to the
Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the Company’s obligations under this
Agreement and agree expressly to perform the Company’s obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes
under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets which executes and delivers the assumption agreement described in this subsection (a) or which become bound by the terms of
this Agreement by operation of law. 
 
        (b) Executive’s Successors. Without the written consent of the Company, Executive shall not assign or transfer this Agreement or any right or obligation under this Agreement
to any other person or entity. Notwithstanding the foregoing, the terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. 
 
6. Notices. 
 
        (a) General. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when
mailed by U.S. registered or certified mail, return receipt 
 

4 

request and postage prepaid. In the case of the Executive, mailed notices shall be addressed to him at the
home address that he most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Secretary.

 
        (b) Notice of Termination. Any termination by the Company for Cause or by the Executive as a result of a voluntary resignation or an Involuntary Termination shall be communicated
by a notice of termination to the other party hereto given in accordance with this Section. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination under the provision so indicated. The failure by the Executive to include in the notice any fact or circumstance which contributes to a showing of Involuntary Termination shall not waive any right of the
Executive hereunder or preclude the Executive from asserting such fact or circumstance in enforcing his rights hereunder. 
 
7. Nonsolicitation Of Employees. For a period of eighteen (18) months following the termination of the Executive’s employment
with the Company, for any reason, the Executive will not, directly or indirectly, induce any employee of the Company or any of its subsidiaries to terminate employment with such entity, and shall not, directly or indirectly, either individually or
as owner, agent, employee, consultant, or otherwise, employ or offer employment to any person who is or was employed by the Company or a subsidiary thereof. 
 
8. Excise Tax Adjustments. 
 
        (a) Effect of Application of Excise Tax. In the event that the Executive becomes
entitled to Severance Benefits under Section 4(b)(i) herein, and the Company determines that the Severance Benefits or the benefit of the acceleration provided in Section 4(a) (with the Severance Benefits, the “Total Payments”) will be
subject to the tax (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or any similar tax that may hereafter be imposed, the Company shall compute the “Net After-Tax
Amount,” and the “Reduced Amount,” and shall adjust the Total Payments as described below. The Net After-Tax Amount shall mean the present value of all amounts payable to the Executive hereunder, net of all federal income, excise and
employment taxes imposed on the Executive by reason of such payments. The Reduced Amount shall mean the largest aggregate amount of the Total Payments that if paid to the Executive would result in the Executive receiving a Net After-Tax Amount that
is equal to or greater than the Net After-Tax Amount that the Executive would have received if the Total Payments had been made. If the Company determines that there is a Reduced Amount, the Total Payments will be reduced to the Reduced Amount. Such
reduction shall be made by the Company with respect to benefits in the order and in the amounts suggested by the Executive, except to the extent that the Company determines that a different reduction or set of reductions would significantly reduce
the costs or administrative burdens of the Company. 
 

5 

        (b) Tax Computation. For purposes
of determining whether the Total Payments will be subject to the Excise Tax and the amounts of such Excise Tax and for purposes of determining the Reduced Amount and the Net After-Tax Amount: 
 
                (i) Any other payments or benefits received or to be received by the Executive in connection with a Change in Control of the Company or
the Executive’s termination of employment (whether pursuant to the terms of this Plan or any other plan, arrangement, or agreement with the Company, or with any individual, entity, or group of individuals or entities (individually and
collectively referred to in this subsection (b) as “Persons”) whose actions result in a change in control of the Company or any Person affiliated with the Company or such Persons) shall be treated as “parachute payments” within
the meaning of Section 280G(b)(2) of the Code, and all “excess parachute payments” within the meaning of Section 280G(b)(1) of the Code shall be treated as subject to the Excise Tax, unless in the opinion of a tax advisor selected by the
Company and reasonably acceptable to the Executive (“Tax Counsel”), such other payments or benefits (in whole or in part) should be treated by the courts as representing reasonable compensation for services actually rendered (within the
meaning of Section 280G(b)(4)(B) of the Code), or otherwise not subject to the Excise Tax; 
 
                (ii) The amount of the Total Payments that shall be treated as subject to the Excise Tax shall be equal
to the lesser of (i) the total amount of the Total Payments; or (ii) the amount of excess parachute payments within the meaning of Section 280G(b)(1) of the Code (after applying clause (i) above); 
 
                (iii) In the event that the Executive disputes any calculation or determination made by the Company, the matter shall be determined by
Tax Counsel. All fees and expenses of Tax Counsel shall be borne solely by the Company. 
 
                (iv) The Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal
income taxation in the calendar year in which the Gross-Up Payment is to be made, and state and local income taxes at the highest marginal rate of taxation in the state and locality of the Executive’s residence on the effective date of
employment, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes, taking into account the reduction in itemized deduction under Section 68 of the Code. 
 
9. Arbitration. 
 
        (a)
Disputes or Controversies. Except as provided in Section 8, above, any dispute or controversy arising out of, relating to, or in connection with this Agreement, or the interpretation, validity, construction, performance, breach, or
termination thereof, shall be settled by binding arbitration to be held in San Diego, California, in accordance with the National Rules for the Resolution of Employment Disputes then in effect of the American Arbitration Association (the
“Rules”). The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to the 
 

6 

arbitration. Judgment may be entered on the arbitrator’s decision in any court having jurisdiction.

 
        (b) Governing Law. The arbitrator(s) shall apply California law to the merits of any dispute or claim, without reference to conflicts of law rules. The arbitration proceedings
shall be governed by federal arbitration law and by the Rules, without reference to state arbitration law. Executive hereby consents to the personal jurisdiction of the state and federal courts located in California for any action or proceeding
arising from or relating to this Agreement or relating to any arbitration in which the parties are participants. 
 
        (c) At-Will Employment Status. Executive understands that nothing in this Section
modifies Executive’s at-will employment status. Either Executive or the Company can terminate the employment relationship at any time, with or without cause. 
 
        (d) ACKNOWLEDGEMENT. EXECUTIVE HAS READ AND
UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EXECUTIVE UNDERSTANDS THAT SUBMITTING ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR
TERMINATION THEREOF TO BINDING ARBITRATION TO THE EXTENT PERMITTED BY LAW, AND THAT THIS ARBITRATION CLAUSE CONSTITUTES A WAIVER OF EXECUTIVE’S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE
EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, THE FOLLOWING CLAIMS: 
 
                (i) ANY AND ALL CLAIMS OF WRONGFUL DISCHARGE OF EMPLOYMENT; BREACH OF CONTRACT, BOTH EXPRESS AND IMPLIES;
BREACH OF THE COVENANT OF GOOD FAITH AND FAIR DEALING, BOTH EXPRESS AND IMPLIED; NEGLIGENT OR INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS; NEGLIGENT OR INTENTIONAL MISREPRESENTATION; NEGLIGENT OR INTENTIONAL INTERFERENCE WITH CONTRACT OR
PROSPECTIVE ECONOMIC ADVANTAGE; AND DEFAMATION. 
 
                (ii) ANY AND ALL CLAIMS FOR VIOLATION OF ANY FEDERAL STATE OR MUNICIPAL STATUTE, INCLUDING, BUT NOT LIMITED TO, TITLE VII OF THE CIVIL
RIGHTS ACT OF 1964, THE CIVIL RIGHTS ACT OF 1991, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE FAIR LABOR STANDARDS ACT, THE CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, AND LABOR CODE SECTION
201, et seq.; 
 
                (iii) ANY AND ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO EMPLOYMENT OR EMPLOYMENT DISCRIMINATION. 
 

7 

10. Miscellaneous Provisions. 
 
        (a) No Duty
to Mitigate. The Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor shall any such payment be reduced by any earnings that the Executive may receive from any other source. 
 
        (b)
Waiver. No provision of this Agreement may be modified, waived or discharged unless the modification, waiver or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized
officer of the Company (other than the Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or
of the same condition or provision at another time. 
 
        (c) Integration. This Agreement and the stock option agreements representing the Options represents the entire agreement and understanding between the parties as to the subject
matter herein and supersedes all prior or contemporaneous agreements, whether written or oral. 
 
        (d) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the internal substantive
laws, but not the conflicts of law rules, of the State of California. 
 
        (e) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other
provision hereof, which shall remain in full force and effect. 
 
        (f) Employment Taxes. All payments made pursuant to this Agreement shall be subject to withholding of applicable income and employment taxes. 
 
        (g)
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. 
 
IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly
authorized officer, as of the day and year first above written. 
 

	 COMPANY
	 	 	 	 EXECUTIVE

	
	 By:
	 	  

	 	 	 	  

 

8 

Schedule of Parties to the Change of Control Agreement 
 

	 Name

	  	 Date of Agreement

	 1.
	  	 Ronald E. Ragland
	  	 10/21/02

	 2.
	  	 David L. Morash
	  	 10/21/02

	 3.
	  	 H. Clark Hickock
	  	 10/21/02

	 4.
	  	 William Sweeney
	  	 10/21/02

	 5.
	  	 Denney E. Morgan
	  	 10/21/02

	 6.
	  	 Jon E. Opalski
	  	 10/21/02

	 7.
	  	 Jack A. Giles
	  	 10/21/02

 

9Employment and Retention Agreement

EXHIBIT 10.15 
 
EMPLOYMENT AND RETENTION AGREEMENT 
 
Date: May 19, 2002 
 
This Employment and Retention Agreement (the “Agreement”) is made and entered into as of the date
shown above by and between  
 

	 Thomas Waechter
	 	 (“Employee”)

	 	  	  
 350 West
Java Drive

 [STREET ADDRESS]
  
 Sunnyvale CA 94089

 [CITY, STATE ZIP]
	 	 

 
and 
 

	 REMEC, Inc.
  
 3790 Via de la Valle
 Del Mar, CA 92014-4247
	 	 (“Company”)

 
RECITALS: 
 
A. Employee has been employed as an officer of SPECTRIAN Corporation (“SPECTRIAN”). 
 
B. In connection with his employment by SPECTRIAN, Employee and SPECTRIAN have entered into a Change of Control and Severance Agreement
and an Indemnification Agreement. Copies of these agreements are appended to this Agreement as Exhibits B-1 and B-2, respectively. 
 
C. SPECTRIAN and the Company have entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”)
describing a transaction in which, following the satisfaction of certain conditions, SPECTRIAN will merge with a wholly owned subsidiary of the Company (the “Merger”). 
 
D. Effective at the date and time of the Merger (the “Effective Date” and “Effective
Time,” respectively), the Company wishes to employ Employee, and Employee is willing to be employed by the Company, pursuant to the terms and conditions of this Agreement. 
 
E. The parties intend that the terms of this Agreement shall govern the employment of Employee by Company,
and that Employee’s prior agreements with 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 2 of 14

 
SPECTRIAN shall be
superseded, void and of no further effect immediately prior to the Effective Time. 
 
THE PARTIES AGREE AS FOLLOWS: 
 
1. Employment. The Company agrees to employ the Employee during the Term specified in paragraph 2, and the Employee agrees to
accept employment upon the terms and conditions in this Agreement. 
 
2. Term. 
 
        2.1 Initial Term. Subject to the early termination provisions contained in paragraph 6, Employee’s employment by the Company shall be for a term commencing at the Effective
Time and expiring at the close of business on the third anniversary of the Effective Date (the “Initial Term”). Employee’s employment shall continue for an indefinite period after the Initial Term unless and until either party shall
give to the other a written notice of expiration of the term (a “Notice of Termination”) as provided in paragraph 10.3. The Initial Term and the period of employment, if any, following the Initial Term is referred to as the
“Term.” 
 
        2.2 Termination Date. The date on which Employee ceases to be employed by the Company, for whatever reason, is referred to as the “Termination Date.” 
 
3. Duties and Responsibilities. 
 
        3.1
Title. Employee shall be employed in the capacity of President, Chief Operating Officer. 
 
        3.2 Reporting. Employee shall report directly to the Company’s Chief Executive Officer. 
 
        3.3 Best
efforts. Employee will use his best efforts to (a) seek to ensure that the Company is successful in achieving its strategic and operational objectives; (b) comply on a timely basis with all financial, budgetary and reporting requirements set by
the board of directors and senior management; (c) duly and faithfully observe the general employment policies and practices of the Company, including, without limitation, any and all rules, regulations, policies and/or procedures which the Company
may now or hereafter establish governing the conduct of its employees generally; and (d) not incur obligations on behalf of the Company or enter into any transaction not in the ordinary course of business, except as authorized by the scope of his
duties or a senior executive. 
 
        3.4 Full-time employment. Employee shall devote his entire working time, attention, and efforts to Company’s business and affairs and shall faithfully and diligently serve
Company’s interests. Employee agrees that he shall not, without the prior written consent of the Chief Executive Officer of the Company, engage either 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 3 of 14

 
directly or indirectly
(whether as an employee, director, consultant, advisor, investor or in any other capacity), in any business or employment activity that is not on Company’s behalf. 
 
        3.5 Charitable and civic activities; passive
investments. Notwithstanding the obligation of full-time employment described in paragraph 3.4, Employee shall be permitted to engage in charitable and civic activities and manage his personal passive investments, provided such activities
(individually or collectively) do not materially interfere with the performance of his duties or responsibilities under this Agreement; and, provided further that no investments made or controlled, directly or indirectly, by Employee may be in an
enterprise that transacts business with the Company or engages in a competitive business, unless (a) that enterprise is publicly traded and (b) Employee’s participation is limited to owning less than 1% of the cumulative voting power of the
enterprise, or (c) Employee has received the prior written consent of the Company’s Chief Executive Officer. 
 
4. Non-Competition and Confidentiality. 
 
        4.1 Covenant not to Compete. Employee specifically promises that during his
employment with the Company he shall not engage in any competing activity, including, but not limited to, the business of designing, developing or manufacturing radio frequency (RF) and microwave subsystems used in the transmission of voice, video
and data traffic over wireless communications networks or in defense electronics applications. 
 
        4.2 Confidentiality. Employee shall enter into the Company’s customary Proprietary Information and Invention Assignment Agreement, attached
to this Agreement as Exhibit 4.2. 
 
        4.3 Covenant not to compete after Termination Date. If Employee becomes eligible to receive the Severance Benefits described in paragraph 6.4, then the payment of such Severance
Benefits is expressly conditioned upon Employee’s continued compliance with paragraph 4.1 for the Severance Period. Employee shall give written notice to the Company of any proposed activity that might be prohibited by this paragraph and shall
describe the proposed activity in reasonable detail in such notice. 
 
5. Compensation. 
 
        5.1 Settlement/Salary. In exchange for Employee waiving his rights under all SPECTRIAN agreements in effect immediately prior to the Merger, Employee shall receive from the
Company $1,000,000 in cash, less applicable withholding for taxes. Such payment shall be made at closing of the Merger. Company shall pay Employee in accordance with its normal payroll practices a base salary in the annualized gross amount of
$375,000 less authorized and required deductions. 

 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 4 of 14

 
        5.2 Incentive Bonus. Employee shall have the opportunity to participate in the Company’s incentive bonus programs, targeted at 30% of annual base salary for 100% target
achievement, in the same manner, and at a level commensurate with, other employees of the Company holding comparable senior management positions. 
 
        5.3 Benefits. Employee shall be eligible to participate in such medical, dental,
life insurance, 401(k) and other benefit plans as are now generally available or later made generally available to the senior executive officers of the Company. Employee shall also be reimbursed for the reasonable cost of a country club membership
and he shall be reimbursed for monthly dues. Employee shall also receive a $9,000 annual car allowance. Employee shall be entitled to six (6) weeks vacation per year. Company shall pay the cost of a level term portable $1 million life insurance
policy on the life of the Employee. 
 
        5.4 New Stock Option. Employee shall be granted an option to purchase one hundred thousand (100,000) shares of the Company’s common stock (the “Option”) vesting
25% per year of employment with the Company. 
 
        5.5 Assumption of SPECTRIAN Stock Options/Waiver of Acceleration in Connection with Merger. Pursuant to the Merger Agreement, as of the Effective Time the Company shall assume
the outstanding stock options granted to Employee by SPECTRIAN. In general, the terms of the SPECTRIAN options will continue in effect during Employee’s employment with the Company. Thus, for example, while Employee is employed by the Company
his SPECTRIAN options will continue to vest in accordance with the vesting schedule in his SPECTRIAN option agreement. The preceding notwithstanding, Employee acknowledges and agrees that except as set forth in this Agreement, any acceleration of
vesting applicable to SPECTRIAN Options, whether such acceleration is provided for in the option agreements or pursuant to other agreements or provisions are hereby waived and after the Merger are null and void. Employee acknowledges and agrees that
no acceleration of vesting shall apply to SPECTRIAN options because of the Merger and that there shall be no acceleration of vesting applicable to the SPECTRIAN options and any other option to purchase shares of the Company’s common stock
except as set forth in this Agreement. Employee consents to the revision of all SPECTRIAN options to conform to the provisions of this Agreement. 
 
        5.6 Indemnification and Insurance. In the performance of his duties for the
Company, Employee shall be entitled to indemnification and, if applicable, coverage under a policy of officers’ and directors’ liability insurance, to the same extent and in the same manner as other employees performing comparable duties.

 
        5.7 Relocation. Employee shall be reimbursed for actual relocation expenses, including house hunting, family and personal travel, closing costs on the sale of the
residence in the San Jose, CA area, closing costs on the purchase of a residence in the San Diego, CA area, and reasonable living expenses until a residence is purchased in the 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 5 of 14

 
San Diego, CA area.
Employee shall receive a tax gross-up payment to cover federal, state and local income and employment taxes on the relocation expenses and gross-up payment. 
 
6. Change of Control, Termination and Severance Benefits. 
 
        6.1 Termination Without Cause. Notwithstanding any
other provision of this paragraph, the Company shall have the right to terminate Employee’s employment without Cause at any time by giving at least thirty (30) days written notice to Employee. 
 
        6.2
Termination Following a Change of Control Defined. For purposes of this Agreement, “Termination Following a Change of Control” shall mean Employee’s termination of employment with the Company that occurs within two (2) years
following a Change of Control but only if the termination is due to either (a) the Company’s involuntary Termination without Cause of Employee’s employment or (b) Employee’s resignation for Good Reason. “Termination Following a
Change of Control” does not include a termination by the Company for Cause, or as a result of the death or disability of the Employee. “Change of Control” shall mean the occurrence of any of the following events: 
 
(i) Merger or Consolidation. The
approval by shareholders of the Company of a merger or consolidation of the Company with any other corporation or entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the total voting power represented by the voting securities of the Company or
such surviving entity outstanding immediately after such merger or consolidation; 
 
(ii) Liquidation. Any approval by the shareholders of the Company of a plan of complete liquidation of the Company
or an agreement for the sale or disposition by the Company of all or substantially all of the assets of the Company; 
 
(iii) Acquisition of 50% Voting Power. Any “person” (as such term is used in Sections 13(d) and 14(d) of
the Securities Exchange Act of 1934, as amended) becoming the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented
by the Company’s then outstanding voting securities; or 
 
(iv) Change in Composition of The Board. A change in the composition of the Board, as a result of which less than a majority of the directors are Incumbent Directors. “Incumbent
Directors” shall mean 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 6 of 14

 

	  	 	directors who either: (a) are directors of the Company as of Effective Date, or (b) 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) or (iii), above, or in connection with an actual or threatened proxy contest relating to the election of
directors of the Company. 

 
        6.3 Resignation With and Without Good Reason. Employee may terminate his employment with the Company by resignation. A resignation is with “Good Reason” if it is on
account of: (i) without Employee’s express written consent, a significant reduction of Employee’s duties, position or responsibilities relative to Employee’s duties, position or responsibilities in effect immediately prior to such
reduction, or the removal of Employee from such position, duties and responsibilities, unless the Employee is provided with comparable duties, position and responsibilities; (ii) without Employee’s express written consent, a substantial
reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to Employee immediately prior to such reduction; (iii) a reduction by the Company of the Employee’s base salary or
target bonus as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the kind or level of employee benefits to which Employee is entitled immediately prior to such reduction with the result that Employee’s
overall benefits package is significantly reduced; (v) without Employee’s express written consent, the relocation of Employee to a facility or location that is more than thirty-five (35) miles from the Company’s principal offices (by way
of clarification, Good Reason shall not exist because of Employee’s relocation from the San Jose, CA area to the San Diego, CA area); (vi) any purported termination of Employee by the Company which is not effected for Cause or for which the
grounds relied upon are not valid; or (vii) the failure of the Company to obtain the assumption of this Agreement by any successors of the Company. Employee must give the Company 30 days notice of a termination for Good Reason. The written notice
must specify the circumstances constituting Good Reason in the opinion of the Employee. Good Reason shall not exist if the Company reasonably cures the defect within the 30 day notice period. 
 
        6.4
Severance and Change of Control Benefits. 
 
        (a) Involuntary Termination and Resignation with Good Reason. In the event of, during the Initial Term of this Agreement, Employee’s involuntary termination by the Company
without Cause or resignation by the Employee for Good Reason, Employee shall be eligible to receive the following Severance Benefits: 
 
(i) Employee will be paid (1) his base salary for three (3) years after the Termination Date (the “Severance
Period”) plus (3) three times Employee’s annual target bonus, as in effect immediately prior to the Termination Date, calculated at the 100% achievement level. Such amount shall be paid either in periodic installments during the Severance
Period in 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 7 of 14

 

	  	 	accordance with the Company’s normal payroll and bonus disbursement practices or, at Company’s election, in a lump sum. 

 
(ii) During the Severance Period, the Company
shall continue to make available to the Employee and Employee’s spouse and dependents all group medical, dental or other health plans, any disability or life insurance plans and other similar insurance plans in which Employee or Employee’s
spouse or dependents participate on the date of the Employee’s termination on the same basis as before such termination, including any Company subsidy for the cost of the benefit. If the terms of a benefit plan do not permit Employee or his
dependents to continue coverage after the Termination Date, the Company will reimburse Employee for the reasonable cost of similar coverage. The Employee’s 18-month COBRA health care continuation period will begin at the end of the Severance
Period. 
 
(iii) The vesting of a
SPECTRIAN option assumed by Company in the Merger shall accelerate, but only to the extent the unvested portion of the option would have vested during the three (3) years following the Termination Date assuming Employee had remained in employment
through that date. The vesting of all options to purchase Company stock, i.e., those granted to Employee at any time after the Merger, shall accelerate, but only to the extent the unvested portion of the options would have vested during the one (1)
year period following the Termination Date assuming Employee had remained in employment through that date. In the event benefits are paid pursuant to this Paragraph 6.4, Employee will have ninety (90) days following the Termination Date to exercise
all his options to purchase Company stock. 
 
(b)
Change of Control. If Employee is still employed by the Company on the date of a Change in Control, Employee shall be entitled to the benefits in paragraph 6.4(a)(iii) as of the date of a Change of Control, except that the one year and three
year acceleration shall occur from the date of the Change of Control and the remaining unvested portion shall continue to vest according to the option’s vesting schedule starting on the date of the Change of Control. This paragraph 6.4(b) shall
apply in the event of a Change of Control regardless of whether the Change of Control occurs in the Initial Term. 
 
(c) Termination Following a Change of Control. If there is a Termination Following a Change of Control, Employee shall be entitled
to all the benefits of paragraph 6.4(a)(i) and (ii) and in addition, Employee shall become fully and immediately vested in all his options to purchase shares of Company stock, including the SPECTRIAN options assumed by Company and Company options
granted after the Merger. This paragraph 6.4(c) shall apply in the event of a Termination Following a 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 8 of 14

 
Change of Control
regardless of whether the Change of Control or the termination occurs in the Initial Term. 
 
        6.5 General Release. As a further condition of his eligibility to receive the Severance Benefits described in the preceding paragraph, Employee
shall deliver to the Company within thirty (30) days after the Termination Date a duly executed General Release of Claims in a form to be mutually agreed by the parties within ten (10) days of the date of this Agreement. The Company shall not be
obligated to deliver any of the Severance Benefits described in paragraph 6.4 until ten (10) days after receipt of the General Release. 
 
        6.6 Other Terminations. 
 
(i) By Company for Cause. The Company
may terminate Employee’s employment for Cause, without advance written notice of termination, by giving written notice of such termination. For purposes of this Agreement, “Cause” shall mean (a) any act of personal dishonesty taken by
the Employee in connection with his responsibilities as an employee which is intended to result in substantial personal enrichment of the Employee, (b) Employee’s conviction of a felony which the Board reasonably believes has had or will have a
material detrimental effect on the Company’s reputation or business, (c) a willful act by the Employee which constitutes misconduct and is injurious to the Company, and (d) continued willful violations by the Employee of the Employee’s
obligations to the Company after there has been delivered to the Employee a written demand for performance from the Company which describes the basis for the Company’s belief that the Employee has not substantially performed his duties. Company
must give Employee 30 days notice of a termination for Cause. The written notice must specify the circumstances constituting Cause in the opinion of the Company. Cause shall not exist if Employee reasonably cures the defect within the 30 day notice
period. 
 
        6.7 Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the timing of, Employee’s termination of employment: (i) the Company shall pay the Employee
any unpaid base salary due for periods prior to the date of termination; (ii) the Company shall pay the Employee all of the Employee’s accrued and unused vacation through the date of termination; and (iii) following submission of proper expense
reports by the Employee, the Company shall reimburse the Employee for all expenses reasonably and necessarily incurred by the Employee in connection with the business of the Company prior to the date of termination. These payments shall be made
promptly upon termination and within the period of time mandated by law. 
 
        6.8 No Other Benefits. No other benefits shall be payable upon termination of employment except as specified in this Agreement. Without limitation, the Severance
Benefits specified in paragraph 6.4 shall not be payable if Employee’s 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 9 of 14

 
employment is terminated
by his resignation without Good Reason by the Company for Cause or by reason of death or disability (as defined in the California Government Code). 
 
        6.9 Excise Tax Adjustment. In the event Employee becomes entitled to Severance
Benefits under Section 6.4 herein, and the Company determines that the Severance Benefits will be subject to the tax (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or any
similar tax that may hereafter be imposed, the Company shall compute the “Net After-Tax Amount,” and the “Reduced Amount,” and shall adjust the Severance Benefits as described below. The Net After-Tax Amount shall mean the
present value of all amounts payable to Employee hereunder, net of all federal income, excise and employment taxes imposed on Employee by reason of such payments. The Reduced Amount shall mean the largest aggregate amount of the Severance Benefits
that if paid to Employee would result in Employee receiving a Net After-Tax Amount that is equal to or greater than the Net After-Tax Amount that Employee would have received if all Severance Benefits had been paid or made. If the Company determines
that there is a Reduced Amount, the Severance will be reduced to the Reduced Amount. Such reduction shall be made by the Company with respect to benefits in the order and in the amounts suggested by Employee, except to the extent that the Company
determines that a different reduction or set of reductions would significantly reduce the costs or administrative burdens of the Company. 
 
7. At-Will Employment. Subject to the other provisions of this Agreement regarding notice and severance benefits, Employee shall be
employed at-will. “At will” employment means that either the Employee or the Company may terminate the employment at any time, for any reason, and except as set forth herein, Employee will receive no compensation, severance or benefits
other than salary, bonus and benefits accrued and payable in connection with services performed through the Termination Date. 
 
8. Termination of Agreement. This Agreement shall terminate upon the date that all obligations of the parties hereto under this
Agreement have been performed. 
 
9.
Successors. 
 
        9.1 Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or
substantially all of the Company’s business and/or assets shall assume the Company’s obligations under this Agreement and agree expressly to perform the Company’s obligations under this Agreement in the same manner and to the same
extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets which
executes and delivers the assumption agreement described in this subparagraph 9.1 or which becomes bound by the terms of this Agreement by operation of law. 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 10 of 14

 
        9.2 Employee’s Successors. Without the written consent of the Company, Employee shall not assign or transfer this Agreement or any right or obligation under this Agreement
to any other person or entity. Notwithstanding the foregoing, the terms of this Agreement and all rights of Employee hereunder shall inure to the benefit of, and be enforceable by, Employee’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. 
 
10. Notices. 
 
        10.1 Delivery. All notices and other communications under this Agreement shall be in writing and shall be given by personal delivery; 1st class mail, certified or registered with return receipt requested; facsimile transmission; telegram; or e-mail. Notice shall be deemed to have been
duly given upon receipt if personally delivered; three (3) days after mailing, if mailed; the next business day after transmission, if delivered by telegram, facsimile or e-mail. 
 
        10.2 Addresses of parties. Notices shall be delivered
to the Company, Attention: Chief Executive Officer, at the address shown on the first page of this Agreement, or at such subsequent address to which the Company shall locate its principal executive offices. Notices to Employee shall be delivered to
the address shown on the first page of this Agreement, or to such subsequent address as the Employee shall provide to the Company in accordance with this paragraph. 
 
        10.3 Notice of Termination. Any Notice of Termination
shall specify the intended date on which employment will terminate. If a Notice is given by the Company, it also shall identify the specific termination provision in this Agreement relied upon, and the facts and circumstances claimed to provide a
basis for termination under the cited provision. Except in the case of a termination for Cause, as defined in paragraph 6.6, a Notice of Termination from either party shall provide at least 30 days advance notice of the Termination Date. The Company
shall have the right, at any time during the 30 day notice period, to relieve the Employee of his offices, duties and responsibilities and to place him on a paid leave-of-absence status. 
 
11. Nonsolicitation: non-raiding of Company personnel. Employee recognizes that the Company’s
workforce is a vital part of its business, and the composition, competencies and duties of that workforce are trade secrets of the Company. Therefore, Employee agrees that for twelve (12) months after the Termination Date, regardless of the reason
employment has terminated, Employee will not solicit, directly or indirectly, any employee to leave his or her employment with Company. For purposes of this Agreement, the phrase “shall not solicit, directly or indirectly,” includes,
without limitation, that Employee: (a) shall not identify any Company employees to any third party as potential candidates for employment, such as by disclosing the names, backgrounds and qualifications of any Company employees; (b) shall not
personally or through any other person approach, recruit or otherwise solicit employees of Company to work for any other employer; and (c) shall not participate in any pre-employment 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 11 of 14

 
interviews with any
person who was employed by Company while Employee was employed or retained by Company. 
 
12. Dispute Resolution. 
 
        12.1 Arbitration of employment-related claims. Any dispute, controversy or claim arising out of or in respect to the subject matter of this
Agreement (or its validity, interpretation or enforcement), and/or all aspects of the employment relationship, with the exception of any claim by the Company related to the use, disclosure or ownership of intellectual property, shall be submitted to
and settled by arbitration conducted before a single, neutral arbitrator within 35 miles of Employee’s principal workplace for the Company on the Termination Date, in accordance with the American Arbitration Association’s National Rules
for the Resolution of Employment Disputes. The costs of arbitration shall be borne by the Company. Attorney fees shall be awarded to the prevailing party in the case of a breach of contract claim. 
 
        12.2 Claims
subject to arbitration. THE CLAIMS COVERED BY THIS ARBITRATION CLAUSE INCLUDE, BUT ARE
NOT LIMITED TO, ANY AND ALL CLAIMS OF WRONGFUL DISCHARGE OF
EMPLOYMENT; BREACH OF CONTRACT, BOTH EXPRESS AND IMPLIED; BREACH OF THE
COVENANT OF GOOD FAITH AND FAIR DEALING, BOTH EXPRESS AND IMPLIED;
NEGLIGENT OR INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS; NEGLIGENT OR INTENTIONAL
MISREPRESENTATION; NEGLIGENT OR INTENTIONAL INTERFERENCE WITH CONTRACT OR PROSPECTIVE ECONOMIC
ADVANTAGE; AND DEFAMATION, ANY AND ALL CLAIMS FOR VIOLATION OF ANY
FEDERAL STATE OR MUNICIPAL STATUTE, INCLUDING, BUT NOT LIMITED TO, TITLE VII
OF THE CIVIL RIGHTS ACT OF 1964, THE CIVIL RIGHTS ACT OF 1991, THE
AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE AMERICANS WITH DISABILITIES ACT
OF 1990, THE FAIR LABOR STANDARDS ACT, THE CALIFORNIA FAIR EMPLOYMENT AND
HOUSING ACT, AND LABOR CODE SECTION 201, ET SEQ.; AND ANY AND
ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO
EMPLOYMENT OR EMPLOYMENT DISCRIMINATION. 
 
        12.3 Intellectual property claims excluded. The Company shall have the right, in
its sole discretion, to pursue judicial resolution of any claims involving the use, disclosure or ownership of intellectual property related to the business of the Company, including without limitation patents, trademarks, trade secrets and
copyrighted material. 
 
        12.4 Binding effect of arbitration. The arbitration of covered issues, including the determination of any amount of damages suffered, shall be final and binding upon the parties
to the maximum extent permitted by law. Judgment upon the award rendered by the arbitrator may be entered by a court of competent jurisdiction. The parties expressly consent to the exclusive jurisdiction and venue of the California Superior Court,
San Diego County, or the United States District Court for the Southern District of California for this purpose. The arbitrator shall have the authority to award costs and attorneys’ fees to either party in the same manner and under the same

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 12 of 14

 
circumstances as a court
of competent jurisdiction, in accordance with applicable state and federal law. 
 
        12.5 Injunctive Relief. Notwithstanding the agreement to arbitrate, either party to this Agreement may seek injunctive relief from a court of
competent jurisdiction. The parties expressly consent to the exclusive jurisdiction and venue of the California Superior Court, San Diego County, or the United States District Court for the Southern District of California for this purpose. Any party
seeking injunctive relief may also seek any other relief or remedy otherwise available, as permitted by this Agreement. 
 
        12.6 Waiver of Right to Jury Trial. By signing this Agreement, Employee
expressly acknowledges that he has read and understood this Agreement, and specifically Paragraph 12 regarding arbitration. Employee understands that this arbitration clause constitutes a waiver of the Employee’s right to a jury trial and
relates to the resolution of all claims Employee may assert regarding all aspects of the employer/employee relationship. 
 
13. Amendment and modification. No provision of this Agreement may be amended, modified, waived or discharged unless the
modification, waiver or discharge is agreed to in writing and signed with the same formality as this Agreement by the Employee and by an authorized executive officer of the Company (other than the Employee). No waiver by either party of any breach
of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 
14. Legal requirements. This Agreement is contingent
upon Employee’s ability to present documentation evidencing his eligibility for employment in the United States in compliance with the provisions of the Immigration Reform and Control Act of 1986. 
 
15. Waiver of rights under SPECTRIAN agreements.
Employee agrees that the terms of this Agreement entirely supersede and replace the terms of all agreements regarding his prior employment by SPECTRIAN, including without limitation the Change of Control Severance Agreement annexed to this Agreement
as Exhibit B-1 and any related payments including any tax gross-up. The Merger shall not be deemed to constitute a “Change of Control” that would entitle Employee to any severance or change of control benefits under any agreement. Employee
acknowledges that by signing this Agreement, he is waiving all rights to severance benefits and stock acceleration in connection with the Merger, except as specifically provided in this Agreement for transactions that may occur after the Effective
Date. 
 
16. Integration and Merger. This
Agreement, including the documents appended as exhibits and hereby incorporated by reference, represents the entire agreement and understanding between the parties as to the subject matter herein and supersedes all prior or contemporaneous
agreements, whether written or oral. Prior 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 13 of 14

 
agreements superseded by
this Agreement include, but are not limited to, Employee’s agreements with SPECTRIAN. 
 
17. Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the internal substantive laws, but not the conflicts of law rules, of the
State of California. 
 
18. Severability.
The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 
 
19. Employment Taxes. All payments made pursuant to
this Agreement shall be subject to withholding of applicable income and employment taxes. 
 
20. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. 
 
21. Access to Legal and Financial Counsel. Employee is
fully aware that this Agreement deals with important legal and financial rights and obligations. Employee acknowledges that before signing this Agreement, Employee has had ample opportunity to consult with legal and financial counsel of his own
choosing. 
 
[Signature Page Follows]

 
 
 
22. Signatures. The parties have executed this Agreement, in the case of the Company by its duly authorized officer, as of the date
shown on the first page, intending to be legally bound. 
 
 

	 REMEC, Inc.
 a California corporation
	 	 	 	 THOMAS WAECHTER

	
	 By:
	 	 /s/    DAVID L. MORASH

	 	 	 	 /s/    THOMAS WAECHTER  

	 	 	 	 	 	 	 	 	 
	 Printed name:
	 	 David L. Morash

	 	 	 	 Signature
	 	 
	 	 	 	 	 	 	 	 	 
	 Title:
	 	 Executive Vice President and Chief Financial Officer

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 Date signed:
	 	 May 19, 2002

	 	 	 	 Date signed:
	 	 May 19, 2002

 

	 EMPLOYMENT AND RETENTION AGREEMENT
	  	 Page 14 of 14

 

	Attachments:	 	

 

	 Exhibit B-1
	  	 Change of control and Severance Agreement

	 Exhibit B-2
	  	 Indemnification Agreement

	 Exhibit 4.2
	  	 Proprietary Information and Invention Assignment Agreement

	 Exhibit 5.4(a)
	  	 2001 Equity Incentive Plan

	 Exhibit 5.4(b)
	  	 Stock Option Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}]]