Document:

Separation Agreement and Mutual Release - Saeid Ghafouri

 Exhibit 10.1 
 MAGMA DESIGN AUTOMATION 
 SEPARATION AGREEMENT AND MUTUAL RELEASE 
 This Separation Agreement and Mutual Release (“Agreement”) is made as of the
29th day of March, 2008 (the “Effective Date”) by and between Magma Design Automation, Inc. (the “Company”) and Saeid Ghafouri
(“Employee”). The parties desire to enter into this Agreement for the purpose of reaching an amicable Separation of their employment relationship and to promote harmonious relations in the future. 
 NOW THEREFORE, in consideration of the mutual promises made herein, the Company and Employee (each individually, a “Party” and collectively referred to
as “the Parties”) hereby agree as follows: 
  

	1)	Termination Date. Employee’s employment at Magma ends on May 1, 2008 (“the Termination Date”). 

  

	2)	General Release and Consideration. In consideration of his or her receipt of the “Release Proceeds” described below, the Employee hereby releases, waives and
forever discharges the Company from all asserted and unasserted claims relating directly or indirectly to his/her employment relationship with the Company. This Agreement also releases the Company’s subsidiaries, successors, assigns, officers,
directors, shareholders, employees, servants, and agents from all such claims. The Employee understands and agrees that this Agreement will release the Company from all claims arising under any form of law, including, but not limited to, claims
arising under any state or federal statute, constitutional provision, common law, executive order, or agency regulation. 

  

	3)	Additionally, the Employee understands and agrees that this Agreement will release the Company from all claims arising under any federal, state or local law which prohibits
employment discrimination on the basis of age, sex, race, color, national origin, religion, disability, veteran status, or any other such specially protected class. Such claims include, but are not limited to, claims arising under the Age
Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, and the California Fair Employment and Housing Act. The Employee also understands and agrees that this Agreement will release the
Company from all tort claims and all contract claims, including, but not limited to, claims for defamation, invasion of privacy, fraud, emotional distress, personal injury, wrongful discharge, breach of contract, breach of implied employment
contract, and claims based on any covenant of good faith and fair dealing. The Employee understands and agrees that this Agreement releases the Company from any obligation to pay the Employee any other form of severance pay. Finally, the Employee
understands and agrees that this Agreement releases the Company from all other claims that directly or indirectly relate to the Employee’s employment relationship with the Company. Excepted from this release are Employee’s rights of
indemnity, statutory or otherwise, arising from his employment with the Company. 

  

	4)	The Company likewise agrees to release the Employee from any and all claims it may have against Employee, including but not limited to any claims that directly or indirectly relate
to Employee’s employment relationship with the Company. This release does not apply to any claims the Company may have against the Employee arising from Employee’s future conduct. 

  

	5)	Release Proceeds. In consideration for this general release, the Company agrees to pay the Employee $261,250.00 in a lump sum amount (hereinafter “Release
Proceeds”). Payment under this Paragraph 5 shall be made in compliance with Paragraph 7, but in no event less than eight (8) days after execution of this Agreement. Payment shall be made to Employee within ten (10) days of the
Effective Date hereof. 

  

	6)	Return Of Company Property. Within three (3) business days of the Termination Date (the “Return Date”), Employee agrees to return all Company property
remaining in his or her possession or under his or her control to the Company, including, but not limited to, credit cards, computers, external hard drives and hardware, cell phones, printers, fax machines, calculators, software, source code, data
and documents, except that Employee may retain the laptop computer in his possession. The Company will not pay the Release Proceeds to the Employee until all such Company equipment has been returned. Employee also agrees to promptly return any
subsequently discovered property in his or her possession after the Return Date. 

  

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	7)	Taxes. For tax purposes, the Release Proceeds are deemed to be a settlement for lost compensation. As a result, the Company is required to and will make appropriate
federal and state tax withholdings from the Release Proceeds. The Company will also make any other payroll deductions that Employee has authorized in writing. 

 Compensation and/or Benefits Through Termination Date. The Company will pay to Employee his base salary through the Termination date as well as any
remaining commissions for FY2008 including but not limited to Q4 commissions in accordance with the FY2008 Sales Plan; all accrued Vacation and Employee Stock Purchase Plan contributions accrued. The Company will also pay for health benefit coverage
through the end of the month in which the Termination Date occurs, minus any Employee contributions. 
 The Parties agree that the amounts set
forth in this Agreement are accurate and that neither Employee nor Company shall have any recovery against the other for amounts alleged to have been overpaid or underpaid on or before the Effective Date. The payments and benefits described in this
Paragraph 7 are separate and distinct from the Release Proceeds and are not part of the consideration provided by the Company for the Employee’s release and other duties and obligations under this Agreement. 
  

	8)	Stock Options. As of the Termination Date, Employee has fully vested in options (“Options”) to purchase shares of Magma’s common stock as set forth in the
Stock Closing Statement (“Closing Statement”). A copy of the Closing Statement was provided to Employee as part of the separation documents. To the extent Employee has been granted options under the Option Agreement, which have not vested
as of the Termination Date, employee shall be entitled to an additional vesting period as set forth in a separate consulting arrangement that is separate and apart from this agreement. 

  

	9)	Opportunity to Review; Time to Revoke; Advice to Seek Counsel; Knowing and Voluntary Assent to Agreement. Employee acknowledges that Magma gave him or her the opportunity to
consider this Agreement for a maximum of 45 days and that he or she has read this Agreement and fully understands its terms. 

  

	 	a)	Employee understands that he or she may revoke this Agreement within 7 days after its execution. In order to revoke this Agreement, the Employee must deliver a written notice of
revocation to the following: Camellia N. Ngo, Vice President, Human Resources, 1650 Technology Drive, San Jose, CA 95110. 

  

	 	b)	If the Company does not receive such written notice within 7 days after the execution date, the Employee understands that he or she no longer will be able to revoke this Agreement.

  

	 	c)	Employee acknowledges that the Company advised the Employee to consult with an attorney before executing this Agreement. The Employee knows and understands the terms of this
Agreement and has decided to voluntarily enter into and execute this Agreement. 

  

	 	 d)
	 The Effective Date of this Agreement will be on the 8th day after Employee signs it so long as Employee has not previously revoked the Agreement in writing as described in Paragraph 9(b) above. 

  

	10)	No Admission of Wrongdoing. By executing this Agreement, the Company does not admit any liability for any claim or damage caused by or arising out of any actual or alleged
act, error or omission against the Employee or any other person. 

  

	11)	 Trade Secrets and Confidential Information. The Employee agrees not to reveal to any other person or entity any trade secrets or confidential information of
the Company, unless ordered to do so by a court or other government authority. The Employee understands that the term “trade secrets” means confidential or proprietary information regarding the Company’s business that is highly
sensitive, special or unique to the Company (for example, the source code for the Company’s products). The Employee understands that the 

  

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term “confidential information” means any information regarding the Company’s business which is not generally known by the public (for
example, financial information concerning the Company, lists of the Company’s customers, Company data, etc.). Employee shall return all the Company property except that Employee may retain the laptop computer in his possession and confidential
and proprietary information in his or her possession to the Company within three (3) business days from the Termination Date. 

  

	12)	Confidentiality of Agreement. The Employee agrees to maintain the terms and provisions of this Agreement confidential. Unless required by law or ordered by a court to
do so, the Employee will refrain from disclosing the terms and conditions of this Agreement to another person or entity, except to his family, or as necessary to enforce the terms of this Agreement. This covenant of confidentiality is an essential
part of the Agreement. 

  

	13)	COBRA Rights. The Employee hereby acknowledges that the Company has advised the Employee that, pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA),
the Employee has the right to elect continued coverage under the Company’s group health plan, at the Employee’s own expense, for a period of 18 months from the date of the termination of the Employee’s employment. The Employee
acknowledges that he/she must make this election within 60 days of the later of: (1) the date the Employee’s coverage ends, –which will be the last day of the month in which the Termination Date falls; or (2) the date of the
Employee’s notice of his or her COBRA rights. 

  

	14)	Release of Unknown/Unsuspected Claims. The Parties represent that they are not aware of any claim either may have against the other party, other than the claims that are
released by this Agreement. Employee expressly waives any rights or benefits available to the Employee in any capacity under the provisions of Section 1542 of the Civil Code of California, which provides in part: “A release does not extend
to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” Employee and the Company agree to expressly
waive any rights either may have under such Section 1542, as well as under any other statute or common law principles of similar effect. 

  

	15)	Non-disparagement. Except as necessary to respond to a subpoena or court order, Employee agrees that he will not disparage the Company, its products, services, agents,
representatives, directors, officers, shareholders, attorneys, employees, vendors, affiliates, successors or assigns, or any employee, director, or agent of the Company, either verbally or in writing. Except as necessary to respond to a subpoena or
court order, the Company likewise agrees that it will not disparage the Employee. This paragraph shall be applicable through January 16, 2009. 

  

	16)	Arbitration. The Parties agree that any and all disputes arising out of the terms of this Agreement, their interpretation, and any of the matters herein released, shall be
subject to binding arbitration in Santa Clara County before the American Arbitration Association under its California Employment Dispute Resolution Rules, or by a judge to be mutually agreed upon. The Parties agree that the prevailing party in any
arbitration shall be entitled to injunctive relief in any court of competent jurisdiction to enforce the arbitration award. The Parties agree that the prevailing party in any arbitration shall be awarded its reasonable attorney’s fees and
costs. 

  

	17)	Costs. The Parties shall each bear their own costs, attorneys’ fees and other fees incurred in connection with this Agreement. 

  

	18)	Authority. The Company represents and warrants that the undersigned has the authority to act on behalf of the Company and to bind the Company and all who may claim through it
to the terms and conditions of this Agreement. Employee represents and warrants that he or she has the capacity to act on his or her own behalf and on behalf of all who might claim through him or her to bind them to the terms and conditions of this
Agreement. Each Party warrants and represents that there are no liens or claims of lien or assignments in law, equity or otherwise, for or against any of the claims or causes of action released herein. 

  

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	19)	No Representations. Each party represents that it has had the opportunity to consult with an attorney and/or tax advisor, and has carefully read and understands the scope and
effect of the provisions of this Agreement. Neither party has relied upon any representations or statements made by the other party which are not specifically set forth in this Agreement. 

  

	20)	Severability. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, the remaining
provisions of this Agreement shall continue in full force and effect without such provision. 

  

	21)	Entire Agreement. This Agreement, and the Proprietary Information and Inventions Agreement, and the FY2008 Sales Plan, and any and all stock agreements between the parties
represent the entire agreement and understanding between the Company and Employee concerning Employee’s separation from the Company, and supersede and replace any and all prior agreements and understandings concerning Employee’s
relationship with the Company and compensation by the Company. 

  

	22)	No Oral Modification. This Agreement may not be orally modified and may only be amended in writing signed by Employee and the CFO or CEO of the Company.

  

	23)	Governing Law. This Agreement shall be governed by the internal laws of the State of California without regard to its choice of law provisions. 

  

	24)	Counterparts; Facsimile Signatures. This Agreement may be executed in counterparts, and each counterpart shall have the same force and effect as an original and shall
constitute an effective, binding agreement on the part of each of the undersigned. Facsimile signatures shall have the same binding effect as original signatures. 

  

	25)	Voluntary Execution of Agreement. This Agreement is executed voluntarily and without any duress or undue influence on the part of, or behalf of the Parties hereto, with the
full intent of releasing all claims. The Parties acknowledge that: 

  

	 	a.	They have read this Agreement; 

  

	 	b.	They understand the terms and consequences of this Agreement and of the releases it contains; and 

  

	 	c.	They are fully aware of the legal and binding effect of this Agreement. 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth below. 
  

					
	Magma Design Automation, Inc.	 		 	Saeid Ghafouri, an Individual
			
	/s/ Peter Teshima	 		 	/s/ Saeid Ghafouri
	 Peter Teshima
 CFO
  
 Date: April __2_, 2008
	 		 	Date: 3/21/08                    

  

 Page 4 of 4Consulting Services Agreement - Saeid Ghafouri

 Exhibit 10.2 
 

 
 CONSULTING SERVICES AGREEMENT 
 This Consulting Services Agreement (including all Exhibits or Schedules incorporated by reference below, this “Agreement”) is entered into effective as of May 2, 2008 (“Effective Date”)
by and between Magma Design Automation, Inc., with its principal executive offices at 1650 Technology Drive, San Jose, CA 95110 (“Magma), and   Saeid
Ghafouri                (“Consultant”) with a mailing address at 22126 Villa Oaks Lane, Saratoga, CA 95070. 
 The parties agree that by signing below they become parties to this Agreement and agree to be bound by all of the terms, conditions and obligations set forth in this
Agreement, including all the terms and conditions set forth in the Exhibits or Schedules incorporated by reference below and attached hereto. 
 1.
Consulting Services. 
 A. Statement of Work. Consultant will provide the services described in the Statement of Work incorporated as
Schedule A to the Terms and Conditions attached as Exhibit A to this Agreement (the “Services”). 
 B. Compensation. Magma shall pay Consultant a total amount of $419,154.00 for services rendered under this Agreement. Said total amount shall be paid in 10 equal installments paid on or before the 10th of each month, commencing after the Effective Date. If Magma or Consultant terminates the Agreement Magma shall pay the remaining unpaid balance of this sum
within 90 days of the termination effective date. In addition, Magma agrees to reimburse Consultant for reasonable business expenses incurred in the performance of his duties hereunder. 
 C. Stock Options. Consultant shall continue to vest monthly in his stock options granted by Magma until the termination of this Agreement, whether pursuant to Section 3 hereof or Section 9 of the Terms and
Conditions [Consultant shall have 90 days after termination of this Agreement within which to exercise any vested options, notwithstanding terms in the Option Agreement.] 
 2. Technical Contacts. The following persons will provide the single point of contact for the respective parties for all technical matters relating to the Services: 
  

			
	 Magma: Camellia Ngo
 Telephone: 408-565-7789

Email: camellia@magma-da.com
	  	 Consultant:   Saeid Ghafouri
 Telephone:
408-839-1329
 Email: saeid757@yahoo.com

 3. Termination. This Agreement shall terminate on January 16, 2009, or upon payment of
the final installment under 1B above, whichever is later, unless earlier terminated as provided in Section 9 of the Terms and Conditions. Magma may not terminate this agreement earlier than January 16, 2009 except pursuant to Sections 9(a)
or 9(b); if Magma does so, Magma shall pay the remaining unpaid balance of the compensation payable under 1B. above and will accelerate through January 16, 2009, the vesting of Consultant’s stock options granted by Magma. 
 4. Entire Agreement; Amendment. This Agreement, including the Exhibits and Schedules attached hereto, and Magma’s Stock Option Agreements,
constitutes the entire understanding and agreement between the parties concerning this consulting relationship and supersedes all prior proposals, agreements and representations between them, whether written or oral. In the event of any conflict
between this Agreement and any Exhibits or Schedules hereto, this Agreement shall control. This Agreement may only be amended in writing signed by Consultant and an executive officer of Magma that explicitly states that it is intended to amend this
Agreement. 
 5. Counterparts. This Agreement may be executed in counterparts, all of which shall be originals and which together shall
constitute a single agreement. Exchange of fully executed originals or facsimiles of this Agreement, in counterpart or otherwise, by both parties shall legally bind the parties to this Agreement. 
 The parties hereto have caused this Agreement to be executed by their duly authorized representatives. 
  

									
	Magma Design Automation, Inc.	 		 	Consultant
					
	By:	 	/s/ Peter S. Teshima	 		 	By:	 	/s/ Saeid Ghafouri
	Name:	 	P.S. Teshima	 		 	Name:	 	Saeid Ghafouri
	Title:	 	CFO	 		 	Title:	 	Individual
		 		 		 	 Address: 22126 Villa Oaks Lane
 Saratoga CA
95070

  

					
		  	1	  	Confidential

 Exhibit A to the Consulting Services Agreement 
 Between 
 Magma Design Automation,
Inc. 
 And 
 Saeid
Ghafouri 
 (“Consultant”) 
 Terms and Conditions  
 1. Independent Contractor. Consultant understands, agrees and represents that
this Agreement does not establish an employer-employee relationship with Magma and that Consultant is for all purposes an independent contractor. 
 2.
Duties. Consultant will provide the services described in the Statement of Work attached as Schedule A. 
 3. Ownership of Work
Product. 
 A. All records, databases, forms, summaries, information, data, computer programs and other material originated or prepared
by Magma and delivered to Consultant for use in the performance of the services hereunder (the “Magma Materials”) shall remain the exclusive property of Magma, and Consultant shall acquire no right, title or interest in or to any such
Magma Materials. Consultant shall not disclose such Magma Materials to third parties without the prior written consent of Magma and shall return all copies of Magma Materials to Magma promptly upon completion of the services or upon Magma’s
prior request. 
 B. All records, reports, proposals, research, recommendations, manuals, findings, evaluations, forms, reviews, information,
data, computer programs and other written or electronic material originated or prepared by Consultant or its Associates for and in the performance of the services hereunder and all inventions, improvements or discoveries made or conceived by
Consultant or its Associates in the performance of the services hereunder (including without limitation, in each case items for delivery by Consultant to Magma as described in the Statement of Work or other written directive signed by the authorized
representatives of Magma and Consultant) (collectively, the “Deliverable Materials”) shall become the exclusive property of Magma, and Consultant hereby relinquishes and assigns to Magma all right, title and interest in and to such
Deliverable Materials and all intellectual property rights therein. 
 C. Consultant agrees that, if in the course of performing the services
to be performed under this Agreement, Consultant incorporates into any Deliverable Material any proprietary information owned by Consultant or in which Consultant has an interest, Magma is hereby granted and shall have a non-exclusive, royalty-free,
perpetual, irrevocable, worldwide license to reproduce, prepare derivative works of, perform, display, distribute, make, have made, modify, use, import, offer for sale and sell such proprietary information as part of or in connection with such
Deliverable Materials. 
 D. Except as may be expressly provided in this Section, nothing herein shall be construed as granting any license
or rights under any statutory forms of protection to Consultant. 
 4. Confidentiality. 
 A. As used in this Agreement, the term “Confidential Information” refers to any and all information relating to Magma that Consultant acquires
as a direct or indirect result of Consultant’s activities under this Agreement, including but not limited to, products, research and development, billing and account data, customer lists, business information, technical information, computer
programs and systems, source code, object code, secrets, specifications, drawings, sketches, models, samples, tools, records, information pertaining to Magma’s software systems, and any other information concerning Magma which it deems
confidential or proprietary. 

  

					
		  	2	  	Confidential

 
Confidential Information may be disclosed by (i) presentation; (ii) delivery; (iii) authorized access, such as to the Source Code; or
(iv) any other express means. Disclosure may take place through Magma or its Related Companies. A Related Company is any corporation, company, or other entity which: (i) is Controlled by Magma; (ii) Controls Magma; or (iii) is
under common Control with Magma. For this purpose, “Control” means that more than fifty percent (50%) of the controlled entity’s shares or ownership interest representing the right to make decisions for such entity are owned or
controlled, directly or indirectly, by the controlling entity. An entity is considered to be a Related Company only so long as such ownership or control exists. 
 B. Consultant agrees that such Confidential Information shall not be revealed by Consultant or its Associates to anyone outside Magma during the term of this Agreement and for four (4) years thereafter, without
the prior written consent of Magma, and such Confidential Information shall be used by Consultant and its Associates only in performing Consultant’s obligations hereunder. 
 C. Consultant recognizes and agrees that all Confidential Information shall remain the property of Magma or its licensors, and that all copies of the
same on computer disc or in written, graphic or tangible form shall be returned to Magma upon completion of each project. Nothing in this Agreement, however, shall confer upon Consultant the obligation to preserve the confidentiality of any
information that: 
 (a) was known to Consultant prior to the date such information was disclosed to Consultant under this
Agreement free of any obligation to keep it confidential; 
 (b) is generally distributed by Magma to third parties without
any restrictions as to confidentiality; 
 (c) is or becomes publicly available, other than by unauthorized disclosure by
Consultant; 
 (d) is rightfully disclosed to Consultant by a third party without any restrictions as to confidentiality;

 (e) is independently developed by Consultant without reference to any such Confidential Information; or 
 (f) is disclosed by Consultant pursuant to a validly issued court order, subpoena or other validly issued administrative or judicial
process requesting any such Confidential Information, provided, however, that Consultant shall have provided to Magma prompt notice of its receipt thereof and a reasonable opportunity to oppose or challenge such court order, subpoena or other
process. 
 (g) Consultant understands and agrees that the obligations described in this section shall survive the termination
or expiration of this Agreement. 
 5. Compliance with Laws and Rules. Consultant agrees to comply fully with any and all of Magma’s reasonable
rules and regulations that relate to any of Consultant’s activities as to which it has been given advance notice. Consultant shall fully comply with all federal, state and local laws, ordinances and regulations applicable to Consultant.

 6. Assignment. This Agreement may not be assigned in whole or in part by Consultant without the express written consent of Magma. Magma may assign
this Agreement to any entity without Consultant’s consent. 
 7. Waiver. No provision of this Agreement shall be deemed waived, amended or
modified by either party, unless such waiver, amendment or modification is in writing and is signed by the party against whom it is sought to be enforced. 
 8. Publicity. Unless pursuant to law, court order, or subpoena, or as necessary to enforce this Agreement, Consultant shall not disclose, advertise, market or otherwise make known to others (except his family and tax or financial
advisors) any information related to this Agreement, or the nature or purpose of the services to be performed by Consultant under this Agreement, without the prior written consent of Magma. 
  

					
		  	3	  	Confidential

 9. Termination. 
 (a) For Cause: Magma shall be entitled to terminate this Agreement upon written notice to Consultant for Cause, which is defined as (i) Consultant’s material breach of his obligations under Paragraph 11 of
the Separation Agreement and Mutual Release, entitled Trade Secrets and Confidential Information, or (2) Consultant’s willful violation of law causing the Company material and substantial damage. 
 (b) Conflict of Interest: Magma shall be entitled to terminate this Agreement if Consultant performs work as an employee, consultant,
independent contractor, agent, or in any other capacity with any of the following entities or their subsidiaries, each of whom the parties mutually acknowledge to be competitors of Magma: listed in Schedule B. Consultant shall notify Magma in
writing immediately if he accepts an offer for (or otherwise commences) work with such competitors. 
 (c) Notice: Any
termination by either party shall be made in writing, with reasonable notice of no less than ten (10) days to the other party. 
 (d) Termination by Consultant: Consultant shall have the right to terminate this Agreement prior to January 16, 2009 at his discretion. 
 (e) The following sections of this Exhibit A shall survive any termination or expiration of this Agreement: Sections 1, 3, 4, 8, 9 11, and 12 
 10. Successors and Assigns. This Agreement shall inure to the benefit of and shall be binding upon the parties hereto and their respective permitted successors and assigns. 
 11. Choice of Law. This Agreement shall be governed by the laws of the State of California, without regard to conflicts of laws principles. 
 12. Specific Performance; Arbitration. At the option of either party, subject to the foregoing, any dispute arising from or with respect to this Agreement shall
be decided by arbitration by the American Arbitration Association in accordance with its Commercial rules. At the request of either party, the proceedings will be conducted in secrecy. 
  

					
		  	4	  	Confidential

 Schedule A 
 Statement of Work 
 Consultant agrees to be available to perform services throughout the term of the
agreement, at reasonable times and places, upon request of the Company CEO. 
  

					
		  	5	  	Confidential

 Schedule B 
 Apache 
 Altos 
 Azuro

 Atop Tech 
 Berkeley Design Automation 
 Synopsys 
 Mentor Graphics 
 Cadence Design Systems 
  

					
		  	6	  	Confidential

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