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Exhibit 10.48    
  

ATTACHMENT III

(To Stock Option Agreement for French Employees)  

Provisions Applicable to Persons Subject to

the Laws of France

(As Amended August 1, 2001)  

    The Company has adopted the following provisions in order that an Option granted to an Employee who is subject to the laws of France will provide the maximum
benefits under the provisions of French law (the "French Option"), and in order to provide incentives for such Employee to exert maximum efforts for the success of the Company. Except as set forth
below, the terms of the Option Agreement for a French Option shall otherwise comply with the other terms of the Plan. 

Eligibility  

	(a)
	No person shall be granted a French Option unless such person is an Employee.

	(b)
	Throughout the term of the Plan, no French Option shall be granted, if by making such grant, the aggregate number of shares subject
to outstanding French Options under all stock options of the Company would exceed one-third of the aggregate number of all shares of all classes of stock of the Company authorized for
issuance.

	(c)
	No persons shall be eligible for the grant of a French Option if, at the time of grant, such person owns (or is deemed to own
pursuant to the applicable laws of France) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any of its Affiliates. 

Limitation on Grant  

    No French Option may be granted within 20 trading days following (i) an increase in the authorized capital of the Company or (ii) a distribution
or payment of a dividend on the Common Stock. 

French Option Provisions  

	(a)
	Exercise Price. The exercise price of a French Option shall not be less than 80% of the average of the closing price of the Common
Stock as reported in the Wall Street Journal or such other source as the Board deems reliable, for the 20 trading days preceding the date of grant.

	(b)
	Exercise. No French Option granted on or prior to April 27, 2000 may be exercised within five (5) years of the date of
grant; no French Option granted after April 27, 2000 may be exercised within four (4) years of the date of grant. Shares of Common Stock issued to the Optionee upon exercise of French
Options may be issued only in the name of the Optionee.

	(c)
	Transferability. The terms of a French Option shall not permit transfer of the French Option, except on death and then only to the
extent permitted by French law. Further, the terms of a French Option shall provide that during the lifetime of the Optionee the French Option may be exercised only by the Optionee. In the event of
the death of the Optionee during the Optionee's Continuous Status, such French Option may be transferred to the extent permitted by French law. A French Option so transferred may be exercised (to the
extent the Optionee was entitled to exercise such French Option as of the date of death) by the transferee only within the period ending on the earlier of (i) the date six (6) months
following the date of death, or (ii) the expiration of the term of such French Option as set forth in the Option Agreement. 

 

Adjustments upon Changes in Stock  

    Any adjustment pursuant to Section 11 of the Plan in stock subject to a French Option shall be made only to the extent such adjustment does not cause
the Company to become subject to tax liabilities to which it would not otherwise be subject. 

Form of Option  

    All French Options shall be evidenced by an agreement in the form annexed hereto as Attachment 1. 

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Exhibit 10.48Prepared by MERRILL CORPORATION

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Exhibit 10.49    
  

[WIND
RIVER LOGO] 

June 27,
2001 

BY
HAND DELIVERY 

Richard
Kraber 

Dear
Dick: 

    This
letter sets forth the substance of the agreement (the "Agreement") that Wind River Systems, Inc. (the "Company") is offering to you in connection with your retirement from
the Company. 

    1.  Resignation.  You have tendered, and the Company has accepted, your resignation from employment
pursuant to your retirement from the Company, as described herein. You resigned from your position as the Company's Chief Financial Officer and Corporate Secretary as of September 25, 2000, and
resigned as Vice President of the Company as of March 23, 2001. Your employment will continue during the transition periods described below until March 31, 2002, on which date your
employment with the Company will terminate (the "Separation Date"). 

    2.  Transition Periods.  You will continue to provide services to the Company as an employee until the
Separation Date, as follows. 

    a.  First Transition Period.  You will continue to provide services to the Company as an employee on a
part-time status during a First Transition Period, beginning January 15, 2001 and ending June 30, 2001 (the "Transition Date"). During this First Transition Period:
(i) your duties will be as directed by the Company's Chief Executive Officer (the "CEO"), in the areas of acquisitions and mergers or other areas as mutually agreed; and (ii) the Company
will continue to provide you with your full base salary of $19,583 per month, except as temporarily reduced by 10% by the CEO for May and June of 2001, one-half paid each pay period, and a
prorated bonus of $58,750 paid as soon as practical at the end of the First Transition Period, and full benefits. The Company will pay you at your $19,583 per month rate for all accrued and unused
vacation and sabbatical time as of the Transition Date, in or about July 2001. 

    b.  Second Transition Period.  You will continue to provide services to the Company as an employee during
a Second Transition Period, from July 1, 2001 until the Separation Date. During this Second Transition Period: (i) your duties will be as directed by the CEO on a consulting basis
working out of our Alameda, CA headquarters or your Lafayette, CA home office, working in the areas of acquisitions and mergers or other areas that are mutually agreeable; (ii) the Company will
pay you $6,000.00 per month, less required withholdings and deductions, for the period July 1, 2001 through December 31, 2001, and the additional single lump sum of $14,000.00, less
required withholdings and deductions, payable in January 2002, for the period from January 1, 2002 until the Separation Date; and (iii) the Company will continue to provide you
with full benefits except vacation and sabbatical accrual. 

    3.  Stock Options.  The attached Exhibit C specifically outlines the vesting schedule of shares
through March, 31, 2002. Effective June 27, 2001 all option shares that would have been exercisable as of March 31, 2002 (the 148,756 option shares) will become immediately exercisable.
All the shares that would have been unvested (the 36,774 option shares) as of March 31, 2002 will be cancelled effective June 27, 2001. You will then have until the close of market on
June 30, 2002 to exercise any option shares that were vested as of the Separation Date. All other terms, conditions, and limitations applicable to your options will remain in full force and
effect pursuant to the applicable stock option agreements between you and the Company, the applicable stock option plan documents, and any other documents applicable to the options. As of
June 30, 2001, you are no longer considered an insider for stock trading purposes and may trade on the same basis as any non-insider employee. 

 

    4.  Health Insurance.  To the extent provided by the federal COBRA law or, if applicable, state insurance
laws, and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits (at the same level of coverage for yourself and your
dependents as you were receiving as of the Separation Date) at company expense through December 31, 2002, and at your own expense thereafter. Under statutes currently in effect, this
continuation would extend until age 65. Later, you may be able to convert to an individual policy through the provider of the Company's health insurance, if you wish. 

    5.  Life Insurance.  The Company will pay all premiums due on the split dollar life insurance policy
issued by John Hancock for the coverage period ending December 31, 2002. Following that date all other terms and conditions of the policy and the split-dollar agreement entered into between the
Company and you will remain in effect and unchanged to the scheduled roll-out/Company premium recovery date on March 3, 2013, except that you will be responsible for reimbursing the
Company annually for an amount equal to the economic benefit cost of the coverage as furnished by the carrier and/or Sitzmann, Morris and Lavis. These repayments will reduce the amount of the Company
recovery on March 3, 2013, as outlined in Exhibit D. 

    6.  Other Compensation or Benefits.  You acknowledge that, except as expressly provided in this
Agreement, you will not receive any additional compensation, severance or benefits from the Company. 

    7.  Expense Reimbursement.  During the transition periods you agree to submit on a timely basis
documented expense reimbursement statements reflecting all business expenses you incur through the Separation Date, if any, for which you seek reimbursement. The Company will reimburse you for these
expenses pursuant to its regular business practices. 

    8.  Return of Company Property.  You agree that on or before the Separation Date you will return to the
Company all Company documents (and all copies thereof) and other Company property in your possession or control, including, but not limited to, Company files, correspondence, memoranda, notes,
notebooks, drawings, books and records, plans, forecasts, reports, proposals, studies, agreements, financial information, personnel information, sales and marketing information, research and
development information, systems information, specifications, computer-recorded information, tangible property and equipment, credit cards, entry cards, identification badges and keys; and any
materials of any kind that contain or embody any proprietary or confidential information of the Company (and all reproductions thereof in whole or in part) ("Company Property"); provided, however,
that you may continue to possess, prior to the Separation Date, any such documents or other Company materials necessary for your performance of services to the Company after the Transition Date and
for which you receive express approval from the Company. 

    9.  Proprietary Information Obligations.  You acknowledge your continuing obligation to comply with your
Proprietary Information And Inventions Agreement, a copy of which is attached hereto as Exhibit A, at all times during, and subsequent to the termination of, your employment with the Company. 

    10. Confidentiality.  The provisions of this Agreement will be held in strictest confidence by you and
the Company and will not be publicized or disclosed in any manner whatsoever, provided, however, that: (a) you may disclose this Agreement in confidence to your immediate family; (b) the
parties may disclose this Agreement in confidence to their respective attorneys, accountants, auditors, tax preparers, and financial advisors; (c) the Company may disclose this Agreement as
necessary to fulfill standard or legally required corporate reporting or disclosure requirements; and (d) the parties may disclose this Agreement insofar as such disclosure may be necessary to
enforce its terms or as otherwise required by law. In particular, and without limitation, you may not disclose the terms of this Agreement to any current or former employee, consultant or independent
contractor of the Company. 

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    11. Noncompetition.  During your continued employment by the Company until the Separation Date, except on
behalf of the Company, you agree that you will not, directly or indirectly, whether as an officer, director, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity
whatsoever, become financially interested in, be employed by, perform services for, or have any business connection with, any other person, corporation, firm, partnership or other entity whatsoever
that competes directly, or is preparing to engage in competition, with the Company, throughout the world (collectively, "Competitor"), in any line of business engaged in (or planned to be engaged in)
by the Company; provided, however, that anything above to the contrary notwithstanding, you may own, as a passive investor, securities of any Competitor, so long as your direct holdings in any one
such corporation shall not in the aggregate constitute more than 2 percent of the voting stock of such corporation. 

    12. Nondisparagement.  Both you and the Company (by its officers and directors) agree not to disparage
the other party, or the other party's officers, directors, employees, shareholders and agents, in any manner likely to be harmful to them or their business, business reputation or personal reputation;
provided that both you and the Company may respond accurately and fully to any question, inquiry or request for information when required by legal process, after giving reasonable advance notice to
the other party. 

    13. Your Release of Claims.  In exchange for the consideration provided to you under this Agreement to
which you would not otherwise be entitled, you hereby release, acquit and forever discharge the Company, its officers, directors, agents, employees, attorneys, shareholders, predecessors, successors,
assigns and affiliates, of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys' fees, damages, indemnities and obligations of every kind and nature, in law,
equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way related to agreements, events, acts or conduct at any time prior to and
including the date you sign this Agreement, including but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with your employment with the
Company or your retirement from such employment; claims or demands related to salary, bonuses, commissions, stock, stock options, or any other ownership or equity interest in the Company, vacation
pay, fringe benefits, expense reimbursements, severance pay, or any other form of compensation; claims pursuant to any federal, state or local law, statute, or cause of action including, but not
limited to, the federal Civil Rights Act of 1964, as amended; the federal Americans with Disabilities Act of 1990; the California Fair Employment and Housing Act, as amended; the federal Age
Discrimination in Emplovment Act, as amended ("ADEA"); tort law; contract law; wrongful discharge; discrimination; harassment; retaliation; fraud; defamation; emotional distress; and breach of the
implied covenant of good faith and fair dealing. However, this Agreement shall not relieve or limit the obligation of the Company to indemnify Kraber in accordance with, and subject to the limitations
of, California Corporations Code section 317 and/or the bylaws of the Company for claims or actions filed against Kraber arising out of his performance of his normal duties during the time he
was an officer of the Company. This release shall become effective upon the receipt by Kraber of the sums specified in Paragraph 2(a) above. 

    14. Company's Release of Claims.  In exchange for the consideration provided to the Company under this
Agreement, including your agreement to work for the Company during the transition periods described above, the Company hereby generally releases, acquits and forever discharges you, and your
attorneys, successors, representatives and assigns, of and from any and all claims, liabilities, demands, causes of action, costs expenses, attorneys' fees, damages, indemnities and obligations of
every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way related to agreements, events, acts or
conduct at any time prior to and including the date of this Agreement, including but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with your
employment with the 

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Company, the performance of your duties as an officer of the Company or your retirement from such employment; provided, however, that the Company is not releasing any claims arising from any acts or
omissions by you occurring on or before the Effective Date of this Agreement of which the Company becomes aware and gives you written notice on or before the Separation Date. 

    15. ADEA Waiver.  You acknowledge that you are knowingly and voluntarily waiving and releasing any rights
you may have under ADEA, and that the consideration given for the waiver and release in the preceding paragraph is in addition to anything of value to which you were already entitled. You further
acknowledge that you have been advised by this writing that: (a) your waiver and release do not apply to any rights or claims that arise after the date you sign this Agreement; (b) you
should consult with an attorney prior to executing this Agreement; (c) you have twenty-one (21) days to consider this Agreement (although you may choose to voluntarily
execute this Agreement earlier); (d) you have seven (7) days following the date you sign this Agreement to revoke the Agreement; and (e) this Agreement will not be effective until
the date on which the revocation period has expired, which will be the eighth day after the date you sign this Agreement (the "Effective Date"). 

    16. Section 1542 Waiver.  In granting the releases herein, the parties hereby acknowledge that
they have read and understand Section 1542 of the California Civil Code, which states: "A general 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."  The parties hereby
expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to their releases of claims hereby. 

    17. Supplemental Release.  In further exchange for the consideration provided to you under this Agreement
to which you would not otherwise be entitled, you agree to sign and deliver to the Company a supplemental release of claims (the "Supplemental Release"), in the form attached hereto as
Exhibit B, on or within one week following the Separation Date. 

    18. Arbitration.  To ensure rapid and economical resolution of any disputes that arise under this
Agreement, you and the Company agree that any and all disputes or controversies of any nature whatsoever (with the sole exception of disputes involving enforcement of the Proprietary Information
And Inventions Agreement), arising from or regarding the interpretation, performance, enforcement or breach of this Agreement (including Exhibit B) shall be resolved by confidential, final and
binding arbitration (rather than trial by jury or court or resolution in some other forum), by a single arbitrator, conducted by Judicial Arbitration and Mediation Services, Inc. ("JAMS") in
San Francisco, California, under the then-existing JAMS employment arbitration rules and procedures. Nothing in this Agreement shall prevent either party from seeking to obtain injunctive
relief in court to preserve the status quo or prevent irreparable harm pending the conclusion of any such arbitration. 

    19. Miscellaneous.  This Agreement, including Exhibits A, B, C and D, constitutes the complete, final and
exclusive embodiment of the entire agreement between you and the Company with regard to these subject matters. It is entered into without reliance on any promise or representation, written or oral,
other than those expressly contained herein, and it supersedes and merges any other such promises, warranties or representations. This Agreement may not be modified or amended except in a writing
signed by both you and a duly authorized officer of the Company. This Agreement will bind the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the
benefit of both you and the Company, their heirs, successors and assigns. The failure to enforce any breach of this Agreement shall not be deemed to be a waiver of any other or subsequent breach. For
purposes of construing this Agreement, any ambiguities shall not be construed against either party as the drafter. If any provision of this Agreement is determined to be invalid or unenforceable, in
whole or in part, this determination will not affect any other provision of this Agreement and the provision in question will be modified so as to be rendered enforceable in a manner consistent with
the intent of the parties insofar as possible. This Agreement will be deemed to have been entered into and will be 

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construed and enforced in accordance with the laws of the State of California as applied to contracts made and to be performed entirely within California. This Agreement may be executed in
counterparts or with facsimile signatures, which shall be deemed equivalent to originals. 

    If
this Agreement is acceptable to you, please sign below and return one original to me, and sign and return to me the Supplemental Release on or after March 31, 2002. I wish
you all the best in your future endeavors. 

	

Sincerely,	
 	

 
	

Wind River Systems, Inc.	
 	

 
	

By: /s/ JOHN BRENNAN   
	
 	

 
	

Exhibit A—Proprietary Information And Inventions Agreement
	Exhibit B—Supplemental Release	 	 
	Exhibit C—Stock Option Vesting Schedule	 	 
	Exhibit D—Split Dollar Life Cost Schedule	 	 
	

AGREED AND ACCEPTIED:	
 	

 
	

By: /s/ RICHARD KRABER   
 RICHARD KRABER	
 	

 
	

6/27/01
 Date

	
 	

 

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   EXHIBIT A  

Invention Assignment And

Proprietary Information Agreement  

    In consideration of my employment or continued employment by Wind River Systems, Inc. (the "Company") and the compensation now and hereafter paid to me,
I hereby represent and agree as follows: 

	1.
	I
understand that the Company is engaged in a continuous program of research, development, production and marketing in connection with its business
and that, as an essential part of my employment with the Company, I am expected to make new contributions to and create inventions of value for the Company.

	2.
	I
will promptly disclose in confidence to the Company all inventions, improvements, original works of authorship, formulas, processes, computer
programs, databases and trade secrets ("Inventions"), whether or not patentable, copyrightable or protectable as trade secrets, that are made or conceived or first reduced to practice or created by
me, either alone or jointly with others, during the period of my employment, whether or not in the course of my employment, which are related in any way to the business of the Company, similar to or
competitive with the products or research and development activities of the Company, or sold to the Company's customers or potential customers.

	3.
	I
agree that all Inventions that (a) are developed using equipment, supplies, facilities or trade secrets of the Company, (b) result
from work performed by me for the, Company or (c) relate to the business or the actual or anticipated research or development of the Company, will be the sole and exclusive property of and are
hereby assigned to the Company. I understand that the provisions of this paragraph do not apply to any Invention that qualifies fully under Section 2870 of the California Labor Code, which is
set forth in the Appendix to this Agreement.

	4.
	I
acknowledge that all original works of authorship which are made by me (solely or jointly with others) within the scope of my employment and which
are protectable by copyright are "works made for hire," as that term is defined in the United States Copyright Act (17 U.S.C. Section 101).

	5.
	I
agree to assist the Company in every proper way to obtain for the Company and enforce patents, copyrights and other legal protections for the
Company's inventions in any and all countries. I will execute any documents that the Company may reasonably request for use in obtaining or enforcing such patents, copyrights and other legal
protections. My obligations under this paragraph will continue beyond the termination of my employment with the Company, provided that the Company will compensate me at a reasonable rate after such
termination for time actually spent by me at the Company's request on such assistance. In the event the Company is unable for any reason, after reasonable effort, to secure my signature on any
document needed in connection with the actions specified in this paragraph, I hereby irrevocably appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, which
appointment is coupled with an interest, to act for and in my behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to further the purposes of the preceding
paragraph with the same legal force and effect as if executed by me. I hereby waive and quitclaim to the Company any and all claims, of any nature whatsoever, which I now or may hereafter have for
infringement of any Proprietary Rights assigned hereunder to the Company.

	6.
	I
understand that my employment by the Company creates a relationship of confidence and trust with respect to any information of a confidential or
secret nature that may be disclosed to me by the Company that relates to the business of the Company or to the business of any parent, subsidiary, affiliate, customer or supplier of the Company or
other third party ("Proprietary Information"). Such Proprietary Information includes but is not limited to Inventions, ideas, data, 

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know-how,
developments, designs, techniques, marketing plans, product plans, business strategies, financial information, forecasts, personnel information and customer lists. 

	7.
	At
all times, both during my employment and after its termination, I will keep all such Proprietary Information in confidence and trust, and I will
not use or disclose any of such Proprietary Information without the written consent of the Company, except as may be necessary to perform my duties as an employee of the Company. Upon termination of
my employment with the Company, I will promptly deliver to the Company all documents and materials of any nature pertaining to my work with the Company and I will not take with me any documents or
materials or copies thereof containing any Proprietary Information.

	8.
	I
agree that during the period of my employment by the Company I will not, without the Company's express written consent, engage in any employment or
business activity other than for the Company. I agree further that for the period of my employment with the Company and for one (1) year after the date of termination of my employment with the
Company, I will not (i) induce any employee of the Company to leave the employ of the Company or (ii) solicit the business of any client or customer of the Company (other than on behalf
of the Company).

	9.
	I
represent that my performance of all terms of this Agreement and my duties as an employee of the Company will not breach any invention assignment or
proprietary information agreement with any former employer or other party. I represent that I will not bring with me to the Company or use in the performance of my duties for the Company any documents
or materials of a former employer that are not generally available to the public.

	10.
	To
preclude any possible uncertainty, I have set forth on Exhibit A attached hereto a complete list of all Inventions that I have, alone or
jointly with others, conceived, developed or reduced to practice or caused to be conceived, developed or reduced to practice prior to the commencement of my employment with the Company, that I
consider to be my property or the property of third parties and that I wish to have excluded from the scope of this Agreement. If disclosure of any such Invention on Exhibit A would cause me to
violate any prior confidentiality agreement, I understand that I am not to list such Inventions in Exhibit A but am to inform the Company that all such Inventions have not been listed for that
reason.

	11.
	This
Agreement will be governed by and construed according to the laws of the State of California. If any provision of this Agreement is deemed
unenforceable by law, then such provision will be deemed stricken from this Agreement, unless it can be modified by a court so as to render it enforceable consistent with the intent of the Agreement,
and the remaining provisions will continue in full force and effect. I understand that in the event of a breach or threatened breach of this Agreement by me the Company may suffer irreparable harm and
will therefore be entitled to injunctive relief to enforce this Agreement.

	12.
	This
Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter hereof and supersedes all prior
representations. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing and signed by the party to be charged.

	13.
	The
provisions of this Agreement shall survive the termination of my employment and the assignment of this Agreement by the Company to any successor
in interest or other assignee.

	14.
	I
understand that this Agreement does not constitute a contract of employment or obligate the Company to employ me for any stated period of time.
This Agreement shall be effected as of the first day of my employment by the Company. 

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I
HAVE READ THIS AGREEMENT CAREFULLY AND UNDERSTAND ITS TERMS. I HAVE COMPLETELY FILLED OUT EXHIBIT A TO THIS AGREEMENT. 

	 
	 	 
	 	 
	 	 

	Employee	 	Company
	

By:	
 	

/s/ Richard W. Kraber	
 	

By:	
 	

/s/ Kathy Doyle
	 	 	
	 	 	 	

	

Title:	
 	

V.P. Finance, CFO	
 	

Title:	
 	

H.R. Rep
	 	 	
	 	 	 	

	

Date:	
 	

9/1/95	
 	

Date:	
 	

9/1/95
	 	 	
	 	 	 	

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   EXHIBIT A  

PRIOR INVENTIONS  

    The following is a complete list of all inventions or improvements relevant to the subject matter of my employment by Wind River Systems, Inc. (the
"Company") that have been made or conceived or first reduced to practice by me alone or jointly with others prior to my engagement by the Company: 

	/x/	 	No inventions or improvements.
	

/ /	
 	

See below:
	

 	
 	

	

 	
 	

	

 	
 	

	

 	
 	

	

/ /	
 	

Due to confidentiality agreements with prior employer, I cannot disclose certain inventions that would otherwise be included on the above-described list.
	

/ /	
 	

Additional sheet attached.

	 	 	/s/ Richard W. Kraber
 Employee Signature
	

 	
 	

Richard W. Kraber
 Employee—Print Name
	

 	
 	

9/1/95
 Date

1

APPENDIX  

California Labor Code Section 2870  

	(a)
	Any
provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not
apply to an invention that the employee developed entirely on his or her own time without using the employer's equipment, supplies, facilities, or trade secret information except for those inventions
that either:

	(1)
	Relate
at the time of conception or reduction to practice of the invention to the employer's business, or actual or demonstrably anticipated research or development of the employer;
or

	(2)
	Result
from any work performed by the employee for the employer. 

	(b)
	To
the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision
(a), the provision is against the public policy of this state and is unenforceable. 

   EXHIBIT B  

SUPPLEMENTAL RELEASE  

(To be signed on or after March 31, 2002)  

    In further exchange for the consideration under the separation agreement between Wind River Systems, Inc. (the "Company") and me dated June 27,
2001 (the "Separation Agreement"), I hereby release, acquit and forever discharge the Company, its officers, directors, agents, employees, attorneys, shareholders, successors, assigns and affiliates,
of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise,
known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way related to agreements, events, acts or conduct at any time prior to and including the date I sign
this Supplemental Release, including but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with my employment with the Company or the
termination of that employment; claims or demands related to salary, bonuses, commissions, stock, stock options, or any other ownership interests in the Company, vacation pay, fringe benefits, expense
reimbursements, severance pay, or any other form of compensation; claims pursuant to any federal, state or local law, statute, or cause of action including, but not limited to, the federal Civil
Rights Act of 1964, as amended; the federal Americans with Disabilities Act of 1990; the federal Age Discrimination in Employment Act of 1967, as amended, ("ADEA"); the California Fair Employment and
Housing Act, as amended tort law; contract law; wrongful discharge; discrimination; harassment; fraud; defamation; emotional distress; and breach of the implied covenant of good faith and fair
dealing. However, this Agreement shall not relieve or limit the obligation of the Company to indemnify Kraber in accordance with, and subject to the limitations of, California Corporations Code
section 317 and/or the bylaws of the Company for claims or actions filed against Kraber arising out of his performance of his normal duties during the time he was an officer of the Company.
This release shall become effective upon the receipt by Kraber of the sums specified in Paragraph 2(a and b) above. 

    In
exchange for the consideration provided to the Company under this Agreement, including your agreement to work for the Company during the transition periods described above, the
Company hereby generally releases, acquits and forever discharges you, and your attorneys, successors, representatives and assigns, of and from any and all claims, liabilities, demands, causes of
action, costs
expenses, attorneys' fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising
out of or in any way related to agreements, events, acts or conduct at any time prior to and including the date of this Agreement, including but not limited to: all such claims and demands directly or
indirectly arising out of or in any way connected with your employment with the Company, the performance of your duties as an officer of the Company or your retirement from such employment, provided,
however, that the Company is not releasing any claims arising from any acts or omissions by you occurring on or before the Effective Date of this Agreement of which the Company becomes aware and gives
you written notice on or before the Separation Date. 

    I
acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the ADEA, as amended. I also acknowledge that the consideration given for the
waiver and release in the preceding paragraph hereof is in addition to anything of value to which I was already entitled. I further acknowledge that I have been advised by this writing, as required by
the ADEA, that: (a) my waiver and release do not apply to any rights or claims that may arise after the date I sign this Supplemental Release; (b) I have been advised hereby that I have
the right to consult with an attorney prior to executing this Supplemental Release; (c) I have had twenty-one (21) days to consider this Supplemental Release; (d) I
have seven (7) days following the date I sign this Supplemental Release to revoke it and (e) this Supplemental Release will not be effective until the date upon which the 

1

 

revocation period has expired, which will be the eighth day after I sign this Supplemental Release ("Release Effective Date"). 

    I
UNDERSTAND THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. In granting the releases herein, which includes claims which may be unknown to the parties at
present, the parties hereby acknowledge that they have read and understand Section 1542 of the California Civil Code, which states: "A general 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." The parties hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to their
releases of claims hereby. 

	

 	
 	

By:	
 	

    
 Richard Kraber
	

 	
 	

Date:	
 	

2

EXHIBIT C  

	
 Personnel Option Status

AS OF 3/31/02

Richard W. Kraber	
 	

Wind River Systems, Inc.

ID: 94-2873391

500 Wind River Way

Alameda, CA 94501

	
Number
 
	
 	

Option Date
	
 	

Plan
	
 	

Type
	
 	

Granted
	
 	

Price
	
 	

Exercised
	
 	

Vested
	
 	

Cancelled
	
 	

Unvested
	
 	

Outstanding
	
 	

Exercisable

	871006	 	8/31/95	 	87EI	 	NQ	 	253,125	 	$	4.6608	 	253,125	 	253,125	 	0	 	0	 	0	 	0
	871086	 	1/31/96	 	87EI	 	NQ	 	20,250	 	$	7.14666	 	20,250	 	20,250	 	0	 	0	 	0	 	0
	871333	 	7/23/96	 	87EI	 	NQ	 	64,125	 	$	11.14666	 	64,125	 	64,125	 	0	 	0	 	0	 	0
	872051	 	7/24/97	 	87EI	 	NQ	 	45,000	 	$	25.375	 	37,500	 	45,000	 	0	 	0	 	7,500	 	7,500
	872105	 	9/8/97	 	87EI	 	NQ	 	105,000	 	$	27.33333	 	20,626	 	105,000	 	0	 	0	 	84,374	 	84,374
	8718	 	5/13/98	 	87EI	 	NQ	 	45,000	 	$	22.45833	 	28,125	 	43,125	 	0	 	1,875	 	16,875	 	15,000
	EI003	 	4/13/99	 	98EI	 	NQ	 	45,000	 	$	13.625	 	17,812	 	32,812	 	0	 	12,188	 	27,188	 	15,000
	EI41	 	5/6/99	 	98EI	 	NQ	 	15,000	 	$	14.25	 	5,937	 	10,625	 	0	 	4,375	 	9,063	 	4,688
	009305	 	4/17/00	 	98EI	 	NQ	 	26,460	 	$	29.50	 	0	 	12,678	 	0	 	13,782	 	26,460	 	12,678
	012154	 	10/13/00	 	98EI	 	NQ	 	7,050	 	$	36.375	 	0	 	2,496	 	0	 	4,554	 	7,050	 	2,496
	012164	 	10/13/00	 	98EI	 	NQ	 	7,050	 	$	36.375	 	0	 	7,050	 	0	 	0	 	7,050	 	7,050
	 	 	 	 	 	 	 	 	
	 	 	 	 	
	 	
	 	
	 	
	 	
	 	

	 	 	 	 	 	 	 	 	633,060	 	 	 	 	447,500	 	596,286	 	0	 	36,774	 	185,560	 	148,786

EXHIBIT D

Original Projections—Based on 10% Gross Growth Rate

SPLIT DOLLAR PLAN FOR RICHARD KRABER—JOINT LIFE EQUIVALENT

$2,000,000 VARIABLE UNIVERSAL JOINT LIFE

—Projected 5-Pay Premium Assuming 10% Gross Growth Rate—  

	 
	 	 
	 	

	 	WIND RIVER SYSTEMS, INC.
	 	EXECUTIVE
	 	TOTAL INSURANCE BENEFIT

	 
	 	 
	 	-1-
	 	-2-
	 	-3-
	 	-4-
	 	-5-
	 	-6-
	 	-7-
	 	-8-
	 	-9-
	 	-10-
	 	-11-
	 	-12-
	 	-13-

	Year
	 	Age
	 	Total

Annual

Premium
	 	Net

Corporate

Premium
	 	Cumulative

Corporate

Premium
	 	After-tax

Cost of

"US38"

Bonus
	 	Corporate

Net Cash

Value
	 	Corporate

Net Death

Benefit
	 	Bonus from

Company

"US 38"

Costs
	 	Tax on

"US 38"

Bonus
	 	Net Cash

Value
	 	Net Death

Benefit
	 	IRR on Exec.

Contribution

to Trust's

Death Benefit
	 	Total

Cash

Value
	 	Total

Death

Benefit

	 
	 	 
	 	 
	 	Col. 1 - Col. 7

less rollouts
 
	 	Cumulative of Col. 2

 
	 	Col. 7 * 40%

 
	 	Lesser of Col. 3 or Col. 12

 
	 	Col. 3

 
	 	ecomomic benefit

 
	 	based on a 40% tax bracket
 
	 	Col. 12 - Col. 5

 
	 	Col. 13 - Col. 6

 
	 	IRR Col. 7 to Col. 10

 
	 	 
	 	 

	1998	 	57	 	$	67,909	 	$	67,372	 	$	67,372	 	$	322	 	$	54,138	 	$	67,372	 	 	537	 	$	215	 	$	0	 	$	2,000,000	 	372565%	 	$	54,138	 	$	2,067,372
	1999	 	58	 	 	67,909	 	 	67,277	 	 	134,649	 	 	379	 	 	122,026	 	 	134,649	 	 	632	 	 	253	 	 	0	 	 	2,000,000	 	5946%	 	 	122,026	 	 	2,134,649
	2000	 	59	 	 	67,909	 	 	67,163	 	 	201,812	 	 	448	 	 	189,717	 	 	201,812	 	 	746	 	 	299	 	 	0	 	 	2,000,000	 	1409%	 	 	189,717	 	 	2,201,812
	

	2001	 	60	 	 	67,909	 	 	67,028	 	 	268,840	 	 	529	 	 	266,266	 	 	268,840	 	 	881	 	 	352	 	 	0	 	 	2,000,000	 	649%	 	 	266,266	 	 	2,268,840
	

	2002	 	61	 	 	67,909	 	 	66,868	 	 	335,708	 	 	624	 	 	335,708	 	 	335,708	 	 	1,041	 	 	416	 	 	13,158	 	 	2,000,000	 	390%	 	 	348,867	 	 	2,335,709
	2003	 	62	 	 	0	*	 	(1,231	)	 	334,478	 	 	738	 	 	334,478	 	 	334,478	 	 	1,231	 	 	492	 	 	41,635	 	 	2,000,000	 	269%	 	 	376,112	 	 	2,334,478
	2004	 	63	 	 	0	*	 	(1,454	)	 	333,024	 	 	872	 	 	333,024	 	 	333,024	 	 	1,454	 	 	582	 	 	71,843	 	 	2,000,000	 	202%	 	 	404,868	 	 	2,333,024
	2005	 	64	 	 	0	*	 	(1,722	)	 	331,302	 	 	1,033	 	 	331,302	 	 	331,302	 	 	1,722	 	 	689	 	 	103,828	 	 	2,000,000	 	159%	 	 	435,131	 	 	2,331,303
	2006	 	65	 	 	0	*	 	(2,035	)	 	329,267	 	 	1,221	 	 	329,267	 	 	329,267	 	 	2,035	 	 	814	 	 	139,208	 	 	2,000,000	 	130%	 	 	468,475	 	 	2,329,267
	2007	 	66	 	 	0	*	 	(2,409	)	 	326,858	 	 	1,445	 	 	326,858	 	 	326,858	 	 	2,409	 	 	964	 	 	178,271	 	 	2,000,000	 	110%	 	 	505,129	 	 	2,326,858
	Subtotals	 	$	339,545	*	$	326,858	 	$	326,858	 	$	1,445	 	$	326,858	 	$	326,858	 	$	12,687	 	$	964	 	$	178,271	 	$	2,000,000	 	110%	 	$	505,129	 	$	2,326,858
	2008	 	67	 	 	0	*	 	(2,854	)	 	324,004	 	 	1,712	 	 	324,004	 	 	324,004	 	 	2,854	 	 	1,141	 	 	221,420	 	 	2,000,000	 	94%	 	 	545,425	 	 	2,324,004
	2009	 	68	 	 	0	*	 	(3,377	)	 	320,627	 	 	2,026	 	 	320,627	 	 	320,627	 	 	3,377	 	 	1,351	 	 	268,616	 	 	2,000,000	 	82%	 	 	589,243	 	 	2,320,627
	2010	 	69	 	 	0	*	 	(4,000	)	 	316,627	 	 	2,400	 	 	316,627	 	 	316,627	 	 	4,000	 	 	1,600	 	 	320,211	 	 	2,000,000	 	72%	 	 	636,838	 	 	2,316,627
	2011	 	70	 	 	0	*	 	(4,735	)	 	311,892	 	 	2,841	 	 	311,892	 	 	311,892	 	 	4,735	 	 	1,894	 	 	376,542	 	 	2,000,000	 	65%	 	 	688,434	 	 	2,311,892
	2012	 	71	 	 	0	*	 	(5,605	)	 	306,287	 	 	3,363	 	 	306,287	 	 	306,287	 	 	5,605	 	 	2,242	 	 	438,017	 	 	2,000,000	 	58%	 	 	744,304	 	 	2,306,287
	2013	 	72	 	 	0	*	 	(306,287	)	 	Rollout from policy values	 	 	0	 	 	306,287	 	 	0	 	 	471,854	 	 	2,000,000	 	49%	 	 	471,854	 	 	2,000,000
	2014	 	73	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	508,115	 	 	2,000,000	 	44%	 	 	508,115	 	 	2,000,000
	2015	 	74	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	546,793	 	 	2,000,000	 	39%	 	 	546,793	 	 	2,000,000
	2016	 	75	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	587,857	 	 	2,000,000	 	34%	 	 	587,857	 	 	2,000,000
	2017	 	76	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	631,215	 	 	2,000,000	 	30%	 	 	631,215	 	 	2,000,000
	Subtotals	 	$	339,545	 	$	0	 	$	0	 	$	0	 	$	0	 	$	0	 	$	339,545	 	$	0	 	$	631,215	 	$	2,000,000	 	30%	 	$	631,215	 	$	2,000,000
	2018	 	77	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	676,867	 	 	2,000,000	 	27%	 	 	676,867	 	 	2,000,000
	2019	 	78	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	724,722	 	 	2,000,000	 	24%	 	 	724,722	 	 	2,000,000
	2020	 	79	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	774,609	 	 	2,000,000	 	21%	 	 	774,609	 	 	2,000,000
	2021	 	80	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	826,296	 	 	2,041,966	 	19%	 	 	826,296	 	 	2,041,966
	2022	 	81	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	879,398	 	 	2,202,455	 	18%	 	 	879,398	 	 	2,202,455
	2023	 	82	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	933,603	 	 	2,376,797	 	18%	 	 	933,603	 	 	2,376,797
	2024	 	83	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	988,572	 	 	2,566,259	 	17%	 	 	988,572	 	 	2,566,259
	2025	 	84	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	1,043,805	 	 	2,771,921	 	16%	 	 	1,043,805	 	 	2,771,921
	2026	 	85	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	1,099,379	 	 	2,995,192	 	16%	 	 	1,099,379	 	 	2,995,192
	2027	 	86	 	 	0	*	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	0	 	 	1,154,179	 	 	3,236,431	 	15%	 	 	1,154,179	 	 	3,236,431
	Totals	 	$	339,545	 	$	0	 	$	0	 	$	0	 	$	0	 	$	0	 	$	339,545	 	$	0	 	$	1,154,179	 	$	3,236,431	 	15%	 	$	1,154,179	 	$	3,236,431

Insurance values are not valid without complete ledger illustrations.

Insurance values are based on an average gross return on invested funds of 10%.

Insurance values are based on current insurance company mortality charges, expenses, and taxes.

Insurance values are based on projections and are not guaranteed or estimates of the future.

* Based on the current crediting rate and insurance company assumptions, policy values are projected to be sufficient to pay future insurance charges, but are not guaranteed.

Insurance values are based on a male age 57 and a female age 57 both non-smokers in good health.

Assumes both insureds survive to the time of rollout and that "PS 58" term rates and "US 38" rates (joint survivor) are used to measure the annual economic benefit.

Sitzmann, Morris and Lavis does not provide legal or accounting advice. Please consult your legal and accounting advisors in these areas. 

20-Jun-01

QuickLinks

Exhibit 10.49

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00029-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00029-of-00352.parquet"}]]