Document:

exv10w25

Exhibit 10.25

Cavium Networks, Inc. 

Restricted Stock Unit Grant Notice

(2007 Equity Incentive Plan)

Cavium Networks, Inc. (the “Company”), pursuant to Section 7(b) of the Company’s 2007 Equity
Incentive Plan (the “Plan”), hereby awards to Participant a Restricted Stock Unit Award covering
the number of restricted stock units (the “RSUs”) set forth below (the “Award”). This Award shall
be evidenced by a Restricted Stock Unit Award Agreement (the “Award Agreement”). This Award is
subject to all of the terms and conditions as set forth herein and in the applicable Award
Agreement and the Plan, each of which are attached hereto and incorporated herein in their
entirety.

	 	 	 	 	 	 	 
	 

	 	Participant:	 	 	 	 
	 

	 	Date of Grant:
	 	 

	 	 
	 

	 	Vesting Commencement Date:
	 	 

	 	 
	 

	 	Number of RSUs:
	 	 

	 	 
	 

	 	Payment for Common Stock:
	 	 

	 	 
	 

	 	 	 	 

	 	 

Vesting Schedule: The RSUs shall vest as follows:

	 	 	 	 	 	 	 	 	 
	 

	 	Date
	 	Number of RSUs
	 	Date
	 	Number of RSUs

Delivery Schedule: Delivery of one share of Common Stock for each RSU which vests shall occur on
the applicable vesting date, provided that delivery may be delayed as provided in Section 3 of the
Award Agreement.

Additional Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees
to, this Grant Notice, the Award Agreement and the Plan. Participant further acknowledges that as
of the Date of Grant, this Grant Notice, the Award Agreement and the Plan set forth the entire
understanding between Participant and the Company regarding the award of the RSUs and the
underlying Common Stock and supersede all prior oral and written agreements on that subject with
the exception of Stock Awards previously granted and delivered to Participant under the Plan.

Attachments: Award Agreement, and Plan

 

 

Cavium Networks, Inc. 

2007 Equity Incentive Plan

Restricted Stock Unit Award Agreement

     Pursuant to the Restricted Stock Unit Grant Notice (“Grant Notice”) and this Restricted Stock
Unit Award Agreement (“Agreement”), Cavium Networks, Inc. (the “Company”) has awarded you a
Restricted Stock Unit Award pursuant to the Company’s 2007 Equity Incentive Plan (the “Plan”) for
the number of restricted stock units (“RSUs”) as indicated in the Grant Notice (collectively, the
"Award”). Defined terms not explicitly defined in this Agreement but defined in the Plan shall
have the same definitions as in the Plan. Subject to adjustment and the terms and conditions as
provided herein and in the Plan, each RSU shall represent the right to receive one (1) share of
Common Stock. By your signature to the Grant Notice or by electronic acceptance or authentication
in a form authorized by the Company, you and the Company agree that your Award is governed by this
Agreement and by the provisions of the Plan.

     The details of your Award, in addition to those set forth in the Grant Notice, are as follows.

     1. Number of RSUs and Shares of Common Stock.

          (a) The number of RSUs subject to your Award and the number of shares of Common Stock
deliverable with respect to such RSUs may be adjusted from time to time for Capitalization
Adjustments as described in Section 10(a) of the Plan. You shall receive no benefit or adjustment
to your Award with respect to any cash dividend or other distribution that does not result from a
Capitalization Adjustment as described in Section 10(a) of the Plan; provided, however, that this
sentence shall not apply with respect to any shares of Common Stock that are delivered to you in
connection with your Award after such shares have been delivered to you.

          (b) Any additional RSUs, shares of Common Stock, cash or other property that becomes subject
to the Award pursuant to this Section 1 shall be subject, in a manner determined by the Board, to
the same forfeiture restrictions, restrictions on transferability, and time and manner of delivery
as applicable to the other RSUs and Common Stock covered by your Award.

          (c) Notwithstanding the provisions of this Section 1, no fractional RSUs or rights for
fractional shares of Common Stock shall be created pursuant to this Section 1. The Board shall, in
its discretion, determine an equivalent benefit for any fractional RSUs or fractional shares that
might be created by the adjustments referred to in this Section 1.

     2. Vesting. The RSUs shall vest, if at all, as provided in the Vesting Schedule set
forth in your Grant Notice, provided that vesting shall cease upon the termination of your
Continuous Service.

     3. Delivery of Shares of Common Stock. 

          (a) Subject to the provisions of this Award Agreement and the Plan, in the event one or more
RSUs vests, the Company shall deliver to you one (1) share of Common Stock

 

 

for each RSU that vests on the applicable vesting date. However, if a scheduled delivery date
falls on a date that is not a business day, such delivery date shall instead fall on the next
following business day.

          (b) Notwithstanding the foregoing, in the event that you are subject to the Company’s Stock
Trading Policy (or any successor policy) and any shares covered by your Award are scheduled to be
delivered on a day (the “Original Delivery Date”) that does not occur during an open “window
period” applicable to you, as determined by the Company in accordance with such policy, then such
shares shall not be delivered on such Original Delivery Date and shall instead be delivered on the
first business day of the next occurring open “window period” but in no event later than the later
of: (i) December 31st of the calendar year of the Original Delivery Date, or (ii) the fifteenth
(15th) day of the third calendar month following the Original Delivery Date. The form of such
delivery (e.g., a stock certificate or electronic entry evidencing such shares) shall be determined
by the Company.

     4. Payment by You. This Award was granted in consideration of your services for the
Company. Subject to Section 10 below, except as otherwise provided in the Grant Notice, you will
not be required to make any payment to the Company (other than your past and future services for
the Company) with respect to your receipt of the Award, vesting of the RSUs, or the delivery of the
shares of Common Stock underlying the RSUs.

     5. Securities Law Compliance. You may not be issued any Common Stock under your
Award unless either (i) the shares of Common Stock are then registered under the Securities Act, or
(ii) the Company has determined that such issuance would be exempt from the registration
requirements of the Securities Act. Your Award must also comply with other applicable laws and
regulations governing the Award, and you shall not receive such Common Stock if the Company
determines that such receipt would not be in material compliance with such laws and regulations.

     6. Restrictive Legends. The Common Stock issued under your Award shall be endorsed
with appropriate legends, if any, determined by the Company.

     7. Transfer Restrictions. Prior to the time that shares of Common Stock have been
delivered to you, you may not transfer, pledge, sell or otherwise dispose of the shares in respect
of your Award. For example, you may not use shares that may be issued in respect of your RSUs as
security for a loan, nor may you transfer, pledge, sell or otherwise dispose of such shares. This
restriction on transfer will lapse upon delivery to you of shares in respect of your vested RSUs.
Your Award is not transferable, except by will or by the laws of descent and distribution.
Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory
to the Company, you may designate a third party who, in the event of your death, shall thereafter
be entitled to receive any distribution of Common Stock to which you were entitled at the time of
your death pursuant to this Agreement.

     8. Award not a Service Contract. Your Award is not an employment or service
contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation
on your part to continue in the service of the Company or any Affiliate, or on the part of the
Company or any Affiliate to continue such service. In addition, nothing in your

 

 

Award shall obligate the Company or any Affiliate, their respective stockholders, boards of
directors or employees to continue any relationship that you might have as an Employee or
Consultant of the Company or any Affiliate.

     9. Unsecured Obligation. Your Award is unfunded, and even as to any RSUs that vest,
you shall be considered an unsecured creditor of the Company with respect to the Company’s
obligation, if any, to issue Common Stock pursuant to this Agreement. You shall not have voting or
any other rights as a stockholder of the Company with respect to the Common Stock acquired pursuant
to this Agreement until such Common Stock is issued to you pursuant to Section 3 of this Agreement.
Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company
with respect to the Common Stock so issued. Nothing contained in this Agreement, and no action
taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a
fiduciary relationship between you and the Company or any other person.

     10. Withholding Obligations.

          (a) On or before the time you receive a distribution of Common Stock pursuant to your Award,
or at any time thereafter as requested by the Company, you hereby authorize any required
withholding from the Common Stock issuable to you and/or otherwise agree to make adequate provision
in cash for any sums required to satisfy the federal, state, local and foreign tax withholding
obligations of the Company or any Affiliate which arise in connection with your Award (the
"Withholding Taxes”). The Company may withhold, and you hereby authorize the Company to withhold,
in its sole discretion, shares of Common Stock with a Fair Market Value (measured as of the date
shares of Common Stock are delivered pursuant to Section 3) equal to the amount of such Withholding
Taxes; provided, however, that the number of such shares of Common Stock so withheld shall not
exceed the amount necessary to satisfy the Company’s required tax withholding obligations using the
minimum statutory withholding rates for federal, state, local and foreign tax purposes, including
payroll taxes, that are applicable to supplemental taxable income.

          (b) Unless the tax withholding obligations of the Company and/or any Affiliate are satisfied,
the Company shall have no obligation to deliver to you any Common Stock.

     11. Notices. Any notices required to be given or delivered to the Company under the
terms of this Award shall be in writing and addressed to the Company at its principal corporate
offices. Any notice required to be given or delivered to you shall be in writing and addressed to
your address as on file with the Company at the time notice is given. All notices shall be deemed
effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly
addressed to the party to be notified.

     12. Electronic Delivery. You hereby consent that any Plan documents including the
Plan, this Agreement, the prospectus for the Plan, and any reports of the Company provided
generally to the Company’s stockholders, may be delivered to you electronically. In addition, you
hereby consent to electronic delivery of any notices required by the Company or by a third party
involved in administering the Plan as the Company may designate from time to time. Such

 

 

means of electronic delivery may include but do not necessarily include the delivery of a link
to a Company intranet or the internet site of a third party involved in administering the Plan, the
delivery of the document via e-mail or such other means of electronic delivery specified by the
Company.

     13. Headings. The headings of the Sections in this Agreement are inserted for
convenience only and shall not be deemed to constitute a part of this Agreement or to affect the
meaning of this Agreement.

     14. Amendment. This Agreement may be amended only by a writing executed by the
Company and you which specifically states that it is amending this Agreement. Notwithstanding the
foregoing, this Agreement may be amended solely by the Company by a writing which specifically
states that it is amending this Agreement, so long as a copy of such amendment is delivered to you,
and provided that no such amendment adversely affecting your rights hereunder may be made without
your written consent. Without limiting the foregoing, the Company reserves the right to change, by
written notice to you, the provisions of this Agreement in any way it may deem necessary or
advisable to carry out the purpose of the grant as a result of any change in applicable laws or
regulations or any future law, regulation, ruling, or judicial decision, provided that any such
change shall be applicable only to rights relating to that portion of the Award that has not been
delivered to you in Common Stock pursuant to Section 3.

     15. Miscellaneous.

          (a) The rights and obligations of the Company under your Award shall be transferable by the
Company to any one or more persons or entities, and all covenants and agreements hereunder shall
inure to the benefit of, and be enforceable by the Company’s successors and assigns.

          (b) You agree upon request to execute any further documents or instruments necessary or
desirable in the sole determination of the Company to carry out the purposes or intent of your
Award.

          (c) You acknowledge and agree that you have reviewed your Award in its entirety, have had an
opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully
understand all provisions of your Award.

          (d) This Agreement shall be subject to all applicable laws, rules, and regulations, and to
such approvals by any governmental agencies or national securities exchanges as may be required.

          (e) All obligations of the Company under the Plan and this Agreement shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or
indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business
and/or assets of the Company.

     16. Governing Plan Document. Your Award is subject to all the provisions of the
Plan, the provisions of which are hereby made a part of your Award, and is further subject to all
interpretations, amendments, rules and regulations which may from time to time be

 

 

promulgated and adopted pursuant to the Plan. In the event of any conflict between the
provisions of your Award and those of the Plan, the provisions of the Plan shall control; provided,
however, that Section 3 of this Agreement shall govern the timing of any distribution of Common
Stock under your Award. The Company 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 Board shall be final and binding upon you, the
Company, and all other interested persons. No member of the Board shall be personally liable for
any action, determination, or interpretation made in good faith with respect to the Plan or this
Agreement.

     17. Effect on Other Employee Benefit Plans. The value of the Award subject to this
Agreement shall not be included as compensation, earnings, salaries, or other similar terms used
when calculating benefits under any employee benefit plan (other than the Plan) sponsored by the
Company or any Affiliate except as such plan otherwise expressly provides. The Company expressly
reserves its rights to amend, modify, or terminate any or all of the employee benefit plans of the
Company or any Affiliate.

     18. Choice of Law. The interpretation, performance and enforcement of this Agreement
shall be governed by the law of the state of California without regard to such state’s conflicts of
laws rules.

     19. Severability. If all or any part of this Agreement or the Plan is declared by
any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity
shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or
invalid. Any Section of this Agreement (or part of such a Section) so declared to be unlawful or
invalid shall, if possible, be construed in a manner which will give effect to the terms of such
Section or part of a Section to the fullest extent possible while remaining lawful and valid.

     20. Other Documents. You hereby acknowledge receipt or the right to receive a
document providing the information required by Rule 428(b)(1) promulgated under the Securities Act
(which includes the prospectus for the Plan). In addition, you acknowledge receipt of the
Company’s Stock Trading Policy and the Company’s Policy Against Trading on the Basis of Inside
Information.

* * * * *

     This Restricted Stock Unit Award Agreement shall be deemed to be signed by the Company and you
upon the signing by you of the Restricted Stock Unit Grant Notice to which it is attached.exv10w4

Exhibit 10.4

Private and Confidential

July 5, 2005

Andy Micallef

555 Union BLVD

Allentown, PA 18109

Dear Andy:

Agere strives to deliver the best customer experience to companies we serve around the world. To
meet this challenge and enhance market position, we encourage key employees to participate in
international assignments to sharing talent, expertise and skills throughout our regions. This
program enables us to strategically leverage knowledge and build capability in order to
consistently exceed our customers’ high standards.

On behalf of Agere, it is my pleasure to extend an offer to you for an international assignment in
Singapore. We strongly believe that your skills, qualifications, and credentials will greatly
contribute to our success.

This letter confirms our mutual understanding of the terms and conditions that apply to your
international assignment with OPS Supply Chain Management & Quality in the position of VP, Front
End Operations & Procurement effective as of July 1, 2005. Your office will be located in 3
Kallang Sector,Kolam Ayer Industrial Park, Singapore and you will report directly to Peter Kelly.
We have included many important details about your international assignment in this letter, so it
is important that you read it thoroughly.

Your international assignment in Singapore is contingent upon your acceptance of the terms and
conditions outlined in this letter and upon obtaining the appropriate government medical
clearances, entry documents, visas and/or work permits if applicable. The Company will assist you
in obtaining these documents. This assignment letter does not create a contract of employment
between you and the company for any specified period. The terms and conditions of your employment,
and termination of employment (voluntary or involuntary), will be governed by the laws of the
United States.

The terms and conditions outlined in this letter will be in effect only for the period of your
employment with the Company at this international assignment location. The period of your
assignment in Singapore is not expected to exceed 36 months, ending on or before June 30, 2008.
Agere reserves the right to amend the terms of this assignment at any time.

 

 

It is very important to the Company that you are well prepared for your assignment and have all of
your concerns addressed to the best our ability. We want your international assignment to be
beneficial to the Company and for you personally and professionally. If you have any questions
before submitting this letter, please feel free to contact Amar Bouakiz at 610-712-5185.

SIGNATURE

	 	 	 
	/s/ Peter Kelly

	 	7/15/05
	 

	 	 
	Peter Kelly

	 	Date
	EVP, Global Operations
	 	 

I accept the terms and conditions described in this letter and those outlined in the Company’s
International Assignment Policy, contingent on finding acceptable schooling for special need child.

SIGNATURE

	 	 	 
	/s/ A. Micallef

	 	7/15/05
	 

	 	 
	Andy Micallef

	 	Date
	VP, Front End Operations & Procurement
	 	 

Return original signed letter to:

Amar Bouakiz

HR Manager

1110 American Parkway NE

Allentown, PA 18107

	 	 	 	 	 
	Confidential

	 	Page 2
	 	7/15/2005

 

 

Attachment

	 	 	 	 	 
	Compensation
	 	 	 	 
	 
	 	 	 	 
	Total Compensation	 	Your total compensation arrangement has been developed under an approach aimed at maintaining your standard of living during the
international assignment at a level closely approximating the standard of living of a home country counterpart working for Agere
in Allentown, PA, whose base pay and family size are the same.
	 
	 	 	 	 
	Base Pay	 	While on assignment in Singapore, base salary reviews and performance-related incentives will continue to be determined within
your Agere’s United States guidelines.
	 
	 	 	 	 
	Base Salary

	 	250,000 USD
	 	Your annual base salary rate will continue to be paid from your home country payroll on a monthly basis.
	 
	 	 	 	 
	Stock Purchase Plan/Stock Options	 	As you are eligible for our stock option and purchase plan, you may continue to participate in both at the point of origin plan.
Eligibility for equity-based programs, such as the stock option or stock purchase plan, will be determined in accordance with the
terms of each plan or program. Agere will not assume responsibility for any tax liability as a result of the exercise of stock
options. Agere views the exercising of stock options and other tax and investment decisions as solely your responsibility. A
professional tax consultation will be provided prior to your departure to assist you with decisions regarding these and other tax
matters.
	 
	 	 	 	 
	Tax Equalization	 	The intent of the tax equalization program is that your ultimate tax deduction will be similar to that which you would have paid
in the home country had you not received assignment-related compensation or special tax considerations. This is subject to
certain limitations described more fully in the Tax Equalization Policy guidelines to be provided by your tax consultant.
	 
	 	 	 	 
	 	 	The policy guidelines have three major objectives:

	 	•	 	To ensure good business citizenship regarding international assignee’s tax compliance in every location in which the
Company operates and to eliminate the risk of non-compliance with local law, tax regulations, and exchange controls
	
	 	•	 	To ensure international assignee mobility in order to meet the Company’s international staffing needs. This means, from a
tax perspective, the international assignee should have no incentive or disincentive to accept an assignment, to transfer from
one assignment to another or to be repatriated.
	
	 	•	 	To minimize assignment costs using effective tax planning techniques that are legally acceptable and practical to
implement

	 	 	 	 	 
	Confidential

	 	Page 3
	 	7/15/2005

 

 

	 	 	 	 	 
	Annual Hypothetical Tax

(Negative Allowance)

	 	68,808 USD
	 	Income and social taxes assessed against an employee on an international assignment are
generally significantly higher than what a counterpart living in Allentown, PA and working for
the Company in Allentown, PA would incur. This results because taxable wages include not only
base salary and performance-related incentives (like bonuses), but also allowances, such as the
G&S Allowance, Company-paid housing, relocation, etc.
	 
	 	 	 	 
	 

	 	 	 	The Company will pay, either directly or indirectly through reimbursement, the actual income tax
and social tax obligations arising from your total compensation arrangement. Your share will be
collected in two-steps:

Your ‘estimated’ Share, called a ‘Hypothetical Tax’ will be deducted from your base salary
during the tax year. This deduction works like payroll tax ‘withholdings’, but is not paid to
any host country or home country tax authority. The ‘Hypothetical’ deducted from your base
salary during the current United States tax year will be at an annualized rate of 68,808 USD.
Incentive payments are also subject to a ‘Hypothetical Tax’ at an appropriate level.

The Company will equalize the tax (except for spousal foreign earned income) on any outside
income (losses) through a tax equalization calculation that is made in connection with the
preparation and filing of your actual annual income tax return(s) with the appropriate host
country and home country taxing authorities. The tax equalization calculation, which also takes
any personal deductions into account, will determine your ‘Actual Tax’ based on company sourced
income.
	 
	 	 	 	 
	 

	 	 	 	The ‘Actual Tax’ differs from the ‘Hypothetical Tax’ in that the latter is an estimate, while
the former is the ‘final’ for the involved tax year. When the sum total of the ‘Hypothetical
Tax’ deductions collected during the tax year is less then the ‘Actual Tax’ calculated, the
difference represents an amount due the Company from the employee. When the sum total of the
‘Hypothetical Tax Norm’ deductions collected during the tax year is greater than the ‘Actual
Tax’ calculation, the difference represents an amount due the employee from the Company.
The accounting firm of KPMG will confidentially assist you in the preparation and filing of your
host country and home country tax returns and will prepare the tax equalization calculation.
You must cooperate with KPMG to ensure the accurate and timely preparation of your actual tax
returns.

Pre-Departure Benefits/Services

	 	 	 	 	 
	Confidential

	 	Page 4
	 	7/15/2005

 

 

	 	 	 	 	 
	Familiarization Trip	 	Provided before acceptance of assignment to aid in decision-making.
Reimbursement for one round-trip for assignee for up to nine (9) days (including travel time):

	 	•	 	Airfare according to Agere’s business travel policy and normal and reasonable ground transportation
	
	 	•	 	Lodging and meal expenses according to Agere’s business travel policy
	
	 	•	 	Reasonable miscellaneous expenses including luggage handling, customary gratuities, and duties upon initial entry into the host country

	 	 	 	 	 
	 	 	Should be scheduled in conjunction with a business trip.
	 
	 	 	 	 
	Medical Examination	 	Agere requires that assignees have physical health examinations prior to departure on assignment. Agere will reimburse all costs not covered by insurance.
The reimbursement includes any necessary tests or inoculations recommended by a responsible medical authority. You may also be required to pass certain
medical examinations, a condition of entry to the host country. You should contact International SOS at 215-245-4747, toll free 800-523-6586 or
www.internationalsos.com, member # 11BMS00117 to go over your special assignment’s medical requirements
	 
	 	 	 	 
	Visa/Work Permit	 	Your assignment is subject to a valid work permit being issued/renewed. The assignment becomes effective following the receipt/renewal of relevant work and
residence permits. We will coordinate the application for the necessary work permit/visa.
	 
	 	 	 	 
	Passports	 	A valid passport is required to apply for a business visa or work permit. Your passport should be valid until at least six months after the date your global
assignment will end. If you do not currently possess a valid passport, Agere will reimburse you for expenses needed to obtain it.
	 
	 	 	 	 
	Personal, Financial,
Legal Considerations	 	Updating/drawing up wills is recommended; necessary and reasonable associated costs reimbursed.
	 
	 	 	 	 
	Home Country Residence	 	It is Agere’s intent to cover the differences in housing costs between the home and host countries. This is done by providing a housing allowance in the host
location. As you are retaining your home during your assignment, you will not be charged a home country housing deduction.
	 
	 	 	 	 
	• Home 

Maintenance 

Allowance

(Homeowner)

	 	429 USD
	 	.1% of original purchase price of home per month for routine maintenance of principal
home-country residence, property management expenses or storage of furnishings.
Minimum payment
of US$150/mo.

•
1st
year payment included as a Lump Sum.

• Documentation: HUD closing statement

	 	 	 	 	 
	Confidential

	 	Page 5
	 	7/15/2005

 

 

	 	 	 	 	 
	Tax Review Consultation	 	You will participate in a tax planning review with a representative from KPMG, Agere’s designated tax advisor. This tax consultation will provide you with
information regarding the potential tax impact that a long-term global assignment may have on your personal financial situation.
	 
	 	 	 	 
	Intercultural Training	 	Agere will offer a formal two-day intercultural training program for you and your spouse/spousal equivalent, as well as for your accompanying children eight
years of age and older to assist you and your family in adjusting to a new culture, a new job, a new school, and a new way of life. This intercultural
training program is designed to integrate and balance corporate objectives and your personal and professional goals.
	 
	 	 	 	 
	International Assignee 

Relocation Allowance

	 	20,833 USD
	 	One-time allowance, amount = one month’s new base salary.
Covers non-reimbursable items like small appliances, renter’s
insurance, phone hookups, bank fees, driver’s license.
	 
	 	 	 	 
	Expatriate Premium

	 	4,166.66 USD
	 	Monthly Expatriate Premium Allowance paid for the duration of
the assignment. To be issued by Agere US Payroll
	 
	 	 	 	 
	Home 

Automobile 

Disposition	 	One-time allowance of US$2,000 per vehicle to assist with the disposition of up to two registered, operable automobiles (one if single, and two if accompanied
by family), with regard to sale, lease cancellation, storage, or shipment.
Documentation: Proof of ownership (Title-best documentation, if not available, registration)
	 
	 	 	 	 
	Spousal Support	 	Separate annual lump sum payment of US$2,000 per assignment year for activities such as pursuing educational opportunities, job search assistance, purchasing
a computer, trip home, etc.
	 
	 	 	 	 
	Shipment of
Household Goods	 	Agere-designated moving company will pack, insure, transport and unpack personal effects.

Furnished host country housing typically provided. Air shipment of personal effects and household
items using standard industry guidelines based on volume.

Container sizes:

          • Married with dependents: one LDN size container (1000lbs.)

If furnished host housing not available and furniture allowance not provided, surface and air shipment as follows:

          • Married with dependents: one 40 ft. container plus D container per adult, one E container (250 lbs.) per child

Insurance: Full replacement value, up to maximum of $150,000 for shipments using 40-foot container.
	 
	 	 	 	 
	Temporary Living	 	Maximum reimbursable interim living period in home/host countries combined is 30 days.

Lodging, a meal and incidentals per diem (per diem 50% for children 12 and under) and limited auto rental is covered.

	 	 	 	 	 
	Confidential

	 	Page 6
	 	7/15/2005

 

 

	 	 	 	 	 
	En Route Travel	 	•    Reimbursement for one-way transportation costs for IA and family via most direct route

	 	•	 	Airfare according to Agere’s corporate travel policy
	
	 	•	 	Normal and reasonable rental car expense
	
	 	•	 	Lodging and meal expenses according to Agere’s business travel policy
	
	 	•	 	Reasonable miscellaneous expenses including luggage handling, reasonable excess baggage fees, taxi and airport transfer expenses, customary
gratuities, and duties upon initial entry into the host country

Post-Arrival Benefits/Services

	 	 	 	 	 
	Host Country Housing Maximum

	 	Will Determine after your

exploratory Trip
	 	Housing at an international assignment location is determined
by taking into account family size, base salary level and the
types of housing available. Considering those factors and an
independent research firm’s survey, you should be able to find
suitable housing in Singapore.

If you rent housing that exceeds your housing allowance or
budget, the excess rent amount will be your responsibility to
pay.
	 
	 	 	 	 
	Settling-In Services	 	To help ensure a smooth transition to the host country, assistance is available for the following:

	 	•	 	School information/appointments and registration
	
	 	•	 	Drivers license and auto registration
	
	 	•	 	Shopping fundamentals (groceries, appliances, furniture)
	
	 	•	 	Medical facility options
	
	 	•	 	International community networks
	
	 	•	 	Recreation/leisure
	
	 	•	 	Local law enforcement agencies
	
	 	•	 	Community registration
	
	 	•	 	Set up of local banking arrangements
	
	 	•	 	Identifying referrals for household help
	
	 	•	 	Introduction to public transportation options and emergency issues and procedures.

	 	 	 	 	 
	Host Country Transportation	 		During your assignment, you will be provided with a monthly transportation allowance
of S$3,600 as per our host country policy.  Cendant Mobility will assist you with the lease of a vehicle. 
	 	 
	 
	 	 	 
	Dependent Education	 	- Local school for children 3 and up excluding college reimbursable.

- Reimbursement of expenses for normal curriculum at Int’l/other school, if “free” local schools unacceptable; includes tuition,
registration fees, books, uniforms, if required, and transportation provided by the school.

If neither are available, Agere will designate nearest boarding school, reimburse education expenses and two round-trip economy
airfares per school year.

Home study program and required tutoring also covered.

	 	 	 	 	 
	Confidential

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	Goods & Services

(G&S)

	 	1,335 USD (Monthly)
	 	G&S differential paid to compensate for higher prices in host location based on independent
consultant data.

Your G&S Allowance will be reviewed and adjusted for price movement in both the Host and Home
country’s “G&S market baskets” and by currency exchange rate movement as recommended by the
independent research firm’s revised survey data. G&S Allowance adjustments are also made in
conjunction with base salary increases and changes in your family size at the assignment
location.
	 
	 	 	 	 
	Vacation/Home Leave	 	While on assignment in Singapore you will continue to earn and must schedule your vacation in accordance with your United States
Vacation Policy.

Agere will reimburse home leave airfare and reasonable travel expenses between your host and home location once a year for you
and your family after you have been in the host location for at least six months. Time used for home leave will be charged
against normal vacation time accrued.
	 
	 	 	 	 
	Personal Emergency Leave	 	In the event of critical illness or death of a member of your (or your spouse’s) immediate family, Agere will reimburse
reasonable travel expenses beyond the amount that would normally have been incurred at home for you. Should you, your spouse or
any of your accompanying dependents suffer critical illness or death, Agere will provide round trip airfare to the host country
for one member of your immediate family living in the home country.
	 
	 	 	 	 
	Evacuation	 	If there is an emergency evacuation due to the possibility of war, civil strife, sabotage, and/or natural disasters, Agere will
designate an evacuation site/city for you and your family. Agere will assume full transportation and living expenses for you and
your family while you are at the evacuation location.
	 
	 	 	 	 
	Worldwide Emergency
	 	 	 	 
	Assistance Services	 	To safeguard you when traveling on business and while on an expatriate assignment, Agere has contracted International SOS to
provide worldwide emergency assistance services 24 hours a day, 365 days a year.

Some of the services available are:

• Security evacuation assistance

• Access to security crisis center

• Emergency translation services

• Country Guides

• Access to International SOS Clinics (Primary Care and Emergency Services)

• Travel Security Reports

For more information visit: www.internationalsos.com

	 	 	 	 	 
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Administrative Services: Terms & Conditions

	 	 	 	 	 
	Work Schedule	 	You agree to observe the work schedule in effect at your place of assignment and that you will not be entitled to overtime pay
should the responsibilities of your position require, from time to time, that your work exceed this schedule.
	 
	 	 	 	 
	Code of Conduct	 	While on assignment in Singapore, the Company expects that you will obey other countries’ laws and regulations and respect lawful
customs. Naturally, we would expect that you would not engage in any employment or business which conflicts with the Company’s
business interest.
	 
	 	 	 	 
	Repayment Agreement	 	In the event you voluntarily terminate your employment before the end of your assignment or within six months following
repatriation, you will be required to reimburse Agere for all the relocation expenses and assignment benefits paid to you or on
your behalf by Agere
	 
	 	 	 	 
	Extension of Assignment	 	In the event you remain on assignment with the Company in Singapore beyond the intended duration of 36 months, the Company
reserves the right to amend the terms and conditions outlined in this letter.
	 
	 	 	 	 
	Reassignment	 	You are subject to reassignment to any of the company’s locations. On reassignments, the company attempts to take into account a
number of factors, including personal goals and desires, experience, performance, needs of the Company, etc. While a sincere
effort is made to accommodate the needs and requirements of you as an individual, the final decision lies with the Company.
	 
	 	 	 	 
	Termination of Employment	 	The laws of your home country will govern the terms and conditions of your employment and termination of employment, voluntary or
involuntary.

In the case of an involuntary termination, Agere will provide return trip airfare for you to your point of origin in accordance
with business travel policy, and will return all your household goods to your point of origin according to your original
agreement. The return must be completed within 30 days after the effective date of termination.
	 
	 	 	 	 
	Career /Repatriation Planning	 	The process of managing your career and planning for repatriation requires as much care and attention as your initial move to the
host country. Please make sure that:
You keep in touch with your home country
Your performance and development is tracked
You receive guidance for career planning and that suitable job opportunities are monitored for repatriation.

	 	 	 	 	 
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	Repatriation	 	As part of your repatriation back to your home country, Agere will cover the following benefits:
Host Country Departure Programs: Lease Cancellation, etc.

Resettlement Allowance (lump sum equal to one month’s salary)
Household Goods (same size shipment as expatriation — container sizes)
Return Travel Expenses (transportation via most direct route reimbursed)
Temporary Living Expenses (combined home/host countries reimbursement, 30 days)

Repatriation integration program in support of your repatriation to the United States

	 	 	 	 	 
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