Document:

Form of Consultant Agreement

 EXHIBIT 10.1 
 CONSULTANT AGREEMENT 
 This Agreement is made and entered into as of February 9, 2009 (“Effective
Date”) by and between Northstar Neuroscience, Inc., a Washington corporation, having its principal place of business at 2401 Fourth Avenue, Suite 300, Seattle, Washington 98121 (“Northstar”) and Raymond N. Calvert
(“Contractor”). 
 1. Duties. During the term of this Agreement, Contractor shall serve Northstar and render such services as may be
requested by Northstar and its officers and managers from time to time, including any specific duties described in the attached “Schedule of Duties.” 
 2. Term. This Agreement shall commence on the above date and continue until December 31, 2009, unless earlier terminated by either party by giving four (4) weeks’ written notice. 
 3. Compensation. Northstar shall pay Contractor as fees for its services the compensation described in the attached “Schedule of Compensation.”
Northstar will reimburse Contractor only for expenses that Northstar approves in advance in writing. 
 4. Intellectual Property Rights.

 4.1 Innovations; Northstar Innovations. “Innovations” includes processes, machines, compositions of matter, improvements,
inventions (whether or not protectable under patent laws), works of authorship, information fixed in any tangible medium of expression (whether or not protectable under copyright laws), moral rights, mask works, trademarks, trade names, trade dress,
trade secrets, know-how, ideas (whether or not protectable under trade secret laws), and all other subject matter protectable under patent, copyright, moral right, mask work, trademark, trade secret or other laws, and includes without limitation all
new or useful art, combinations, discoveries, formulae, manufacturing techniques, technical developments, discoveries, artwork, software, and designs. “Northstar Innovations” are Innovations that Contractor, solely or jointly with
others, conceives, reduces to practice, creates, derives, develops or makes within the scope of Contractor’s work for Northstar under this Agreement. 
 4.2 Disclosure and Ownership of Northstar Innovations. Contractor agrees to make and maintain adequate and current records of all Northstar Innovations, which records shall be and remain the property of Northstar. Contractor agrees
to promptly disclose to Northstar every Northstar Innovation. Contractor hereby assigns to Northstar or Northstar’s designee Contractor’s entire worldwide right, title and interest in and to all Northstar Innovations and all associated
records and intellectual property rights. 
 4.3 Assistance. Contractor agrees to assist Northstar in perfecting and enforcing Northstar’s
worldwide rights, title and interest, in and to all patents, copyrights, moral rights, mask works, trade secrets, and other property rights in each of the Northstar Innovations. Contractor agrees to execute any lawful documents deemed reasonably
necessary by Northstar to carry out the purpose of this Agreement. If called upon to render assistance under this paragraph, Contractor will be entitled to a fair and reasonable fee in addition to reimbursement of authorized expenses incurred at the
prior written request of Northstar. In the event that Northstar is unable for any reason to secure Contractor’s signature to any document Contractor is required to execute under this Paragraph 4.3 (Assistance), Contractor hereby
irrevocably designates and appoints Northstar and Northstar’s duly authorized officers and agents as Contractor’s agents and attorneys-in-fact to act for and in Contractor’s behalf and instead of Contractor, to execute such document
with the same legal force and effect as if executed by Contractor. 
  

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 4.4 Out-of-Scope Innovations. If Contractor incorporates any Innovations that were conceived, reduced to practice,
created, derived, developed or made by Contractor or any third party either outside of the scope of Contractor’s work for Northstar under this Agreement or prior to the Effective Date (collectively, the “Out-of-Scope
Innovations”) into any of the Northstar Innovations, Contractor hereby grants to Northstar a royalty-free, transferable, irrevocable, worldwide, fully paid-up license (with rights to sublicense) to use any Out-of-Scope Innovations.
Contractor agrees that Contractor will not incorporate, or permit to be incorporated, any Out-of-Scope Innovations into any of the Northstar Innovations without Northstar’s prior written consent. 
 5. Confidential Information. 
 5.1 Definition of Confidential
Information. “Confidential Information” as used in this Agreement shall mean any and all technical and non-technical information including patent, copyright, trade secret, and proprietary information, techniques, sketches,
drawings, models, inventions, know-how, processes, apparatus, equipment, algorithms, software programs, software source documents, and formulae related to the current, future and proposed products and services of Northstar, Northstar’s
suppliers and customers, and includes, without limitation, Northstar Innovations, Northstar Property, and Northstar’s information concerning research, experimental work, development, design details and specifications, engineering, financial
information, procurement requirements, purchasing manufacturing, customer lists, business forecasts, sales and merchandising and marketing plans and information. 
 5.2 Nondisclosure and Nonuse Obligations. Except as permitted in this paragraph, Contractor shall neither use nor disclose the Confidential Information. Contractor may use the Confidential Information solely to perform its duties
under this Agreement for the benefit of Northstar. Contractor agrees that Contractor shall treat all Confidential Information of Northstar with the same degree of care as Contractor accords to Contractor’s own Confidential Information, but in
no case less than reasonable care. If Contractor is not an individual, Contractor agrees that Contractor shall disclose Confidential Information only to those of Contractor’s employees who need to know such information, and Contractor certifies
that such employees have previously agreed, either as a condition of employment or in order to obtain the Confidential Information, to be bound by terms and conditions substantially similar to those terms and conditions applicable to Contractor
under this Agreement. Contractor agrees not to communicate any information to Northstar in violation of the proprietary rights of any third party. Contractor will immediately give notice to Northstar of any unauthorized use or disclosure of the
Confidential Information. Contractor agrees to assist Northstar in remedying any such unauthorized use or disclosure of the Confidential Information. 
 5.3
Exclusions from Nondisclosure and Nonuse Obligations. Contractor’s obligations under Paragraph 5.2 (Nondisclosure and Nonuse Obligations) with respect to any portion of the Confidential Information shall not apply to any such
portion which Contractor can demonstrate, (a) was in the public domain at or subsequent to the time such portion was communicated to Contractor by Northstar through no fault of Contractor; (b) was rightfully in Contractor’s possession
free of any obligation of confidence at or subsequent to the time such portion was communicated to Contractor by Northstar; or (c) was developed by employees of Contractor independently of and without reference to any information communicated
to Contractor by 

  

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Northstar. A disclosure of Confidential Information by Contractor, either (a) in response to a valid order by a court or other governmental body,
(b) otherwise required by law, or (c) necessary to establish the rights of either party under this Agreement, shall not be considered to be a breach of this Agreement or a waiver of confidentiality for other purposes; provided, however,
that Contractor shall provide prompt prior written notice thereof to Northstar to enable Northstar to seek a protective order or otherwise prevent such disclosure. 
 6. Ownership and Return of Northstar Property. All materials (including, without limitation, documents, drawings, models, apparatus, sketches, designs, lists, and all other tangible media of expression) furnished to Contractor
by Northstar, whether delivered to Contractor by Northstar or made by Contractor in the performance of services under this Agreement (collectively, the “Northstar Property”) are the sole and exclusive property of Northstar or
Northstar’s suppliers or customers, and Contractor hereby does and will assign to Northstar all rights, title and interest Contractor may have or acquire in the Northstar Property. Contractor agrees to keep all Northstar Property at
Contractor’s premises unless otherwise permitted in writing by Northstar. At Northstar’s request and no later than five (5) days after such request, Contractor shall destroy or deliver to Northstar, at Northstar’s option,
(a) all Northstar Property, (b) all tangible media of expression in Contractor’s possession or control which incorporate or in which are fixed any Confidential Information, and (c) written certification of Contractor’s
compliance with Contractor’s obligations under this sentence. 
 7. Observance of Northstar Rules. At all times while on Northstar’s
premises, Contractor will observe Northstar’s rules and regulations with respect to conduct, health and safety and protection of persons and property. 
 8. No Conflict of Interest. During the term of this Agreement, Contractor will not accept work, enter into a contract, or accept an obligation, inconsistent or incompatible with Contractor’s obligations under this Agreement.
Contractor warrants that, there is no other contract or duty on Contractor’s part that conflicts with or is inconsistent with this Agreement. Contractor agrees to indemnify Northstar from any and all loss or liability incurred by reason of the
alleged breach by Contractor of any agreement with any third party. 
 9. Noninterference with Business. During the term of this Agreement, and
for a period of two (2) years following this Agreement’s termination or expiration, Contractor agrees that it shall not interfere with Northstar’s business in any manner, including, without limitation, the solicitation of any employee
or independent contractor to terminate or breach an employment, contractual or other relationship with Northstar. 
 10. Relationship Between Parties.
Contractor’s relationship with Northstar is that of an independent contractor, and nothing in this Agreement is intended to, or should be construed to, create a partnership, agency, joint venture or employment relationship. Contractor will not
be entitled to any of the benefits that Northstar may make available to its employees, including, but not limited to, group health or life insurance, profit-sharing or retirement benefits. Contractor is not authorized to make any representation,
contract or commitment on behalf of Northstar unless specifically requested or authorized in writing to do so by a Northstar manager. Contractor is solely responsible for, and will file, on a timely basis, all tax returns and payments required to be
filed with, or made to, any federal, state or local tax authority with respect to the performance of services and receipt of fees under this Agreement. Contractor is solely responsible for, and must maintain adequate records of, expenses incurred in
the course of performing services under this Agreement. No part of Contractor’s compensation will be subject to withholding by Northstar for the payment of any social security, federal, state or any other employee payroll taxes. Northstar will
regularly report amounts paid to Contractor by filing Form 1099-MISC with the Internal Revenue Service as required by law. 
  

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 11. Survival. Section 4 (Intellectual Property Rights), Section 5 (Confidential Information),
Section 6 (Ownership and Return of Northstar Property), Section 9 (Noninterference with Business), Section 11 (Survival), Section 13 (Assignment), Section 14 (Severability), Section 16 (Governing Law; Jurisdiction), and
Section 17 (Entire Agreement) shall survive the termination or expiration of this Agreement. 
 12. Notices. Any notice required or permitted by
this Agreement shall be in writing and shall be delivered as follows, with notice deemed given as indicated: (a) by personal delivery, when delivered personally; (b) by overnight courier, upon written verification of receipt; (c) by
telecopy or facsimile transmission, upon acknowledgment of receipt of electronic transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall be sent to the addresses set forth above
or to such other address as either party may specify in writing. 
 13. Assignment. Contractor may not subcontract or otherwise delegate
Contractor’s obligations under this Agreement without Northstar’s prior written consent. Subject to the foregoing, this Agreement will be for the benefit of Northstar’s successors and assigns, and will be binding on Contractor’s
assignees. 
 14. Severability. If any provision of this Agreement is held by a court of law to be illegal, invalid or unenforceable,
(i) that provision shall be deemed amended to achieve as nearly as possible the same economic effect as the original provision, and (ii) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be
affected or impaired thereby. 
 15. Waiver, Amendment. No term or provision hereof will be considered waived by Northstar, and no breach excused by
Northstar, unless such waiver or consent is in writing signed by Northstar. The waiver by Northstar of, or consent by Northstar to, a breach of any provision of this Agreement by Contractor, shall not operate or be construed as a waiver of, consent
to, or excuse of any other or subsequent breach by Contractor. This Agreement may be amended or modified only by mutual agreement of authorized representatives of the parties in writing. 
 16. Governing Law; Jurisdiction. This Agreement will be governed in all respects by the laws of the State of Washington. The parties irrevocably consent to the exclusive personal jurisdiction of the of the
federal and state courts located in Washington, as applicable, for any matter arising out of or relating to this Agreement, except that in actions seeking to enforce any order or any judgment of such federal or state courts located in Washington,
such personal jurisdiction shall be nonexclusive. 
 17. Entire Agreement. This Agreement, and the attachments, and the Separation Agreement (as
defined below) constitute the entire agreement between the parties relating to this subject matter, and supersede all prior contemporaneous oral or written agreements concerning such subject matter. The terms of this Agreement will govern all
Schedules of Duties and Schedules of Compensation. Consultant acknowledges his continuing obligations under his other agreements with Northstar, as described in Sections 5.3 and 16 of that certain Confidential Separation Agreement and General
Release of Claims between Consultant and Northstar dated effective as of January 31, 2009 (the “Separation Agreement”). 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

									
	NORTHSTAR	 		 	“Contractor”
			
	Northstar Neuroscience, Inc.	 		 	Raymond N. Calvert
					
	By:	 	 	 		 	By:	 	 
				
	Name:	 	 	 		 	SSN or Tax I.D. Number:
				
	Title:	 	 	 		 	 
				
		 		 		 	Business License Number (if applicable):
				
		 		 		 	 

  

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 CONSULTANT AGREEMENT: RAY CALVERT 
 SCHEDULE OF DUTIES 
 Provide transition assistance and project support in the areas of finance,
accounting, SEC compliance and reporting and other subject matter as required. 
 SCHEDULE OF COMPENSATION 
 Contractor will be paid a rate of $190 per hour for any consulting hours in excess of six (6) hours per month. No payment will be made for consulting services that
are less than six (6) hours per month. 
  

 6Confidential Separation Agreement

 EXHIBIT 10.2 
 CONFIDENTIAL SEPARATION AGREEMENT 
 AND GENERAL RELEASE OF ALL CLAIMS 
 This Confidential Separation Agreement and General Release of All Claims (“Agreement”) is made by and between Northstar Neuroscience,
Inc. (“Northstar”) and Raymond N. Calvert (“Employee”) with respect to the following facts: 
 A. Employee
is currently employed by Northstar pursuant to an Executive Employment Agreement dated May 10, 2006, as amended by the First Amendment to Executive Employment Agreement dated July 31, 2008 (as amended, “Employment
Agreement”). 
 B. Employee resigned from the offices of Vice President, Finance, Chief Financial Officer and Secretary of the
Company effective December 31, 2008. 
 C. Employee’s service as an employee will cease effective January 31, 2009 (the
“Separation Date”). Northstar wishes to reach an amicable separation with Employee and assist Employee’s transition to other employment. 
 D. It is contemplated that Employee will enter into a Consultant Agreement with Northstar to provide certain transition assistance services following the Separation Date (the “Consultant Agreement”),
provided, however, that such Consultant Agreement is not part of the consideration provided in connection with this Agreement. 
 E. Pursuant to the Employment Agreement, the parties are entering into this Agreement. 
 F. The parties desire to settle all claims
and issues that have, or could have, been raised, by Employee in relation to Employee’s employment with Northstar and arising out of or in any way related to the acts, transactions or occurrences between Employee and Northstar to date,
including, but not limited to, Employee’s employment with Northstar or the termination of that employment, on the terms set forth below. 
 THEREFORE, in consideration of the promises and mutual agreements hereinafter set forth, it is agreed by and between the undersigned as follows: 
 1. Agreement. 
 1.1 Termination of Employment. Employee’s employment with
Northstar is terminated by Northstar, pursuant to Section 7.3 of the Employment Agreement, effective on the Separation Date. 
 1.2 Severance Package. Northstar agrees to provide Employee with the severance benefits described in the Employment Agreement and in this Section 1.2 (the “Severance Package”). As a point of clarification with
respect to the prorated bonus that is included in the Severance Package described in the Employment Agreement, any prorated bonus owed to Employee will be paid by February 28, 2009 after Northstar is able to determine whether a bonus is payable
and, if so, the amount of such prorated bonus. As an additional inducement to entering into the Consultant Agreement, Employee also will receive an extension of the termination date for certain stock options granted to Employee to December 31,
2009, as set forth in the Amendment to Stock Option Agreements in substantially the forms of attached Exhibit A and Exhibit B (the “Amendments to Stock Option Agreements”). Employee acknowledges and agrees that this
Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Agreement. 
  

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 1.3 No Bonus for 2009 Service. Employee acknowledges that he will not be entitled
to a bonus for any services rendered in 2009. 
 1.4 No Additional Vesting. Employee and Northstar hereby agree that
any services provided by Employee pursuant to the Consultant Agreement shall not constitute “Services” as such term is defined in both of Northstar’s 1999 Stock Option Plan and 2006 Performance Incentive Plan, each as amended to date,
or the related stock option agreements, notices of stock option grant or similar agreement, and accordingly, except as otherwise provided herein, Employee shall not be entitled to any additional vesting with respect to any stock options or other
equity awards held by Employee except as provided herein. 
 2. General Release. 
 2.1 Employee unconditionally, irrevocably and absolutely releases and discharges Northstar, and any parent and subsidiary corporations,
divisions and affiliated corporations, partnerships or other affiliated entities of Northstar, past and present, as well as Northstar’s employees, officers, directors, agents, shareholders, successors and assigns (collectively,
“Released Parties”), from all claims related in any way to the transactions or occurrences between them, directly or indirectly, to date, to the fullest extent permitted by law, including, but not limited to, Employee’s
employment with Northstar, the termination of Employee’s employment, Employee’s ownership of Northstar stock, and all other losses, liabilities, claims, charges, demands and causes of action, known or unknown, suspected or unsuspected,
arising directly or indirectly out of or in any way connected with Employee’s employment with Northstar or Employee’s status as a Northstar stockholder. This release is intended to have the broadest possible application and includes, but
is not limited to, any securities-related claims and any claims for breach of contract, wrongful termination, defamation, employment discrimination, harassment, retaliation, and any other tort, contract, common law, constitutional or other statutory
claims, arising under state, federal or local law, including, but not limited to alleged violations of the federal Fair Labor Standards Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination in
Employment Act of 1967, as amended, and all claims for attorneys’ fees, costs and expenses. However, this general release is not intended to bar any claims that, by statute, may not be waived, such as any challenge to the validity of
Employee’s release of claims under the Age Discrimination in Employment Act of 1967, as amended, as set forth in this Agreement. 
 2.2 Employee acknowledges that Employee may discover facts or law different from, or in addition to, the facts or law that Employee knows or believes to be true with respect to the claims released in this Agreement
and agrees, nonetheless, that this Agreement and the release contained in it shall be and remain effective in all respects notwithstanding such different or additional facts or the discovery of them. 
 2.3 Employee declares and represents that Employee intends this Agreement to be complete and not subject to any claim of mistake, that the
release herein expresses a full and complete release of all claims known and unknown, suspected and unsuspected and that, regardless of the adequacy or inadequacy of the consideration, Employee intends the release herein to be final and complete.
Employee executes this release with the full knowledge that this release covers all possible claims against the Released Parties, to the fullest extent permitted by law. 
  

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 2.4 Employee expressly waives Employee’s right to recovery of any type, including
damages or reinstatement, in any administrative or court action, whether state or federal, and whether brought by Employee or on Employee’s behalf, related in any way to the matters released herein. 
 3. Representation Concerning Filing of Legal Actions. Employee represents that, as of the date of this Agreement, Employee has not filed any
lawsuits, charges, complaints, petitions, claims or other accusatory pleadings against Northstar or any of the other Released Parties in any court or with any governmental agency. 
 4. Mutual Nondisparagement. Employee agrees that Employee will not make any voluntary statements, written or oral, or cause or encourage
others to make any such statements that defame, disparage or in any way criticize the personal and/or business reputations, practices or conduct of Northstar or any of the other Released Parties. Accordingly, Northstar agrees that its officers
and directors will not make any voluntary statements, written or oral, or cause or encourage others to make any such statements that defame, disparage or in any way criticize the personal and/or business reputations, practices or conduct of
Employee. 
 5. Confidentiality and Return of Northstar Property. 
 5.1 Confidential Separation Information. Employee agrees that the terms and conditions of this Agreement, as well as the
discussions that led to the terms and conditions of this Agreement (collectively referred to as the “Confidential Separation Information”) are intended to remain confidential between Employee and Northstar. Employee further agrees
that Employee will not disclose the Confidential Separation Information to any other persons, except that Employee may disclose such information to Employee’s immediate family members and to Employee attorney(s) and accountant(s), if any, to
the extent needed for legal advice or income tax reporting purposes. When releasing this information to any such person, Employee shall advise the person receiving the information of its confidential nature. Neither Employee nor anyone to whom the
Confidential Separation Information has been disclosed will respond to, or in any way participate in or contribute to, any public discussion, notice or other publicity concerning the Confidential Separation Information. Without limiting the
generality of the foregoing, Employee specifically agrees that neither Employee, Employee’s immediate family, Employee’s attorney nor Employee’s accountant, if any, shall disclose the Confidential Separation Information to any
current, former or prospective employee of Northstar. Nothing in this section will preclude Employee from disclosing information required in response to a subpoena duly issued by a court of law or a government agency having jurisdiction or power to
compel such disclosure, or from giving full, truthful and cooperative answers in response to a duly issued subpoena. 
 5.2
Confidential or Proprietary Information. Employee also agrees that Employee will not use, remove from Northstar’s premises, make unauthorized copies of or disclose any confidential or proprietary information of Northstar or any
affiliated or related entities, including but not limited to, their trade secrets, copyrighted information, customer lists, any information encompassed in any research and development, reports, work in progress, drawings, software, computer files or
models, designs, plans, proposals, marketing and sales programs, financial projections, and all concepts or ideas, materials or information related to the business or sales of Northstar and any affiliated or related entities that has not previously
been released to the public by an authorized representative of those companies. 
  

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 5.3 Continuing Obligations. Employee understands and agrees that certain terms and
conditions of the Confidentiality, Inventions and Non-Competition Agreement (“Confidentiality Agreement”) that Employee signed while employed by Northstar survive the termination of Employee’s employment. Employee agrees to
abide by such surviving provisions of the Employment Agreement and Confidentiality Agreement, including but not limited to nonsolicitation, noncompetition and nondisclosure of Northstar’s confidential and proprietary information. 
 5.4 Return of Northstar Property. By signing this Agreement, Employee represents and warrants that Employee will have returned to
Northstar on or before the Separation Date, all Northstar property, including all confidential and proprietary information, as described in or required by paragraphs 5.2 and 5.3 above, and all materials and documents containing trade secrets,
including lab notebooks, and copyrighted materials, including all copies and excerpts of the same. 
 6. Enforcement. If Employee
breaches any of the terms in paragraphs 4 or 5 above or their subparts, Northstar will immediately cease providing the severance payments and benefits described in Section 1.2 above, to the extent those payments and benefits have not yet been
provided. 
 7. No Other Severance Benefits. Employee acknowledges and agrees that the Severance Package provided pursuant to this
Agreement is in lieu of any other severance benefits to which Employee may be eligible under the Employment Agreement, any other agreement and/or severance plan or practice, including the Northstar Neuroscience, Inc. Severance Plan, July 2008. By
signing this Agreement, Employee expressly waives any right Employee may have to receive severance under the Employment Agreement or Northstar Neuroscience, Inc. Severance Plan, July 2008. 
 8. No Admissions. By entering into this Agreement, the Released Parties make no admission that they have engaged, or are now engaging, in any
unlawful conduct. The parties understand and acknowledge that this Agreement is not an admission of liability and shall not be used or construed as such in any legal or administrative proceeding. 
 9. Older Workers’ Benefit Protection Act. This Agreement is intended to satisfy the requirements of the Older Workers’ Benefit
Protection Act, 29 U.S.C. sec. 626(f). Employee is advised to consult with an attorney before executing this Agreement. 
 9.1
Acknowledgments/Time to Consider. Employee acknowledges and agrees that: (a) Employee has read and understands the terms of this Agreement; (b) Employee has been advised in writing to consult with an attorney before executing this
Agreement; (c) Employee has obtained and considered such legal counsel as Employee deems necessary; (d) Employee has been given the opportunity to have at least twenty-one (21) days to consider whether or not to enter into this
Agreement (Employee may elect not to use the full consideration period at Employee’s option); and (e) by signing this Agreement, Employee acknowledges that Employee does so freely, knowingly, and voluntarily. If Employee decides to enter
into this Agreement, Employee must sign this Agreement and submit it to Janine Hanson, Human Resources Director, no later than twenty-one (21) days from December 3, 2008, or the Separation Date, whichever is later. 
  

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 9.2 Revocation/Effective Date. This Agreement shall not become effective or
enforceable until the eighth day after Employee signs this Agreement. In other words, Employee may revoke Employee’s acceptance of this Agreement within seven (7) days after the date Employee signs it. Employee’s revocation must be in
writing and received by Janine Hanson, Human Resources Director, by 5:00 p.m. Pacific Time on the seventh day in order to be effective. If Employee does not revoke acceptance within the seven (7) day period, Employee’s acceptance of
this Agreement shall become binding and enforceable on the eighth day (“Effective Date”). The Severance Package will become due and payable after the later to occur of the Effective Date or the Separation Date, provided Employee
(i) does not revoke acceptance prior to the Effective Date and (ii) executes an additional general release, in a form substantially similar to the general release contained in Section 2 hereof, covering the period of time between
Employee’s execution of this Agreement and the Separation Date (the “Second Release”). 
 9.3
Preserved Rights of Employee. This Agreement does not waive or release any rights or claims that Employee may have under the Age Discrimination in Employment Act that arise after the execution of this Agreement. In addition, this Agreement
does not prohibit Employee from challenging the validity of this Separation Agreement’s waiver and release of claims under the federal Age Discrimination in Employment Act of 1967, as amended. 
 10. Assistance. Employee agrees that during the two-year period following the Separation Date, he will cooperate with Northstar, its affiliates
and their counsel with respect to Northstar’s defense of any litigation, investigations, or governmental proceedings that relates in any way to the Employee’s period of service with Northstar or its affiliates. Northstar will promptly
reimburse the Employee for all reasonable and documented out of pocket expenses (including coach class travel expenses) incurred in connection with providing his cooperation under this Section 10. Any service rendered pursuant to this
Section 10 will not be considered services under the Consulting Agreement, no additional consideration (except as otherwise provided herein) shall be due or payable to Employee therefor, and Employee acknowledges and agrees that the Severance
Package constitutes adequate legal consideration for any such service rendered pursuant to this Section 10. 
 11. Severability.
In the event any provision of this Agreement shall be found unenforceable by an arbitrator or a court of competent jurisdiction, the provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited,
it being intended that Northstar shall receive the benefits contemplated herein to the fullest extent permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be
deemed deleted, and the validity and enforceability of the remaining provisions shall not be affected thereby. 
 12. Applicable Law.
The validity, interpretation and performance of this Agreement shall be construed and interpreted according to the laws of the United States of America and the State of Washington. 
 13. Binding on Successors. The parties agree that this Agreement shall be binding on, and inure to the benefit of, Northstar and its successors
and/or assigns. 
 14. Full Defense. This Agreement may be pled as a full and complete defense to, and may be used as a basis for an
injunction against, any action, suit or other proceeding that may be prosecuted, instituted or attempted by Employee in breach hereof. 
 15.
Good Faith. The parties agree to do all things necessary and to execute all further documents necessary and appropriate to carry out and effectuate the terms and purposes of this Agreement. 
  

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 16. Entire Agreement; Modification. This Agreement and the Second Release, including the surviving
provisions of the Employment Agreement, Consultant Agreement, Amendments to Stock Option Agreements, Confidentiality Agreement and Indemnification Agreement signed by Employee and the stock option plan and associated stock option agreement and grant
documents herein incorporated by reference, is intended to be the entire agreement between the parties and supersedes and cancels any and all other and prior agreements, written or oral, between the parties regarding this subject matter. It is
agreed that there are no collateral agreements or representations, written or oral, regarding the terms and conditions of Employee’s separation of employment with Northstar and settlement of all claims between the parties other than those set
forth in this Agreement. This Agreement may be amended only by a written instrument executed by all parties hereto. 
 THE PARTIES TO THIS AGREEMENT HAVE
READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW. 
  

							
				
	Dated: 12/4/2008	 		 	By: 	 	/s/ Raymond N. Calvert
		 		 		 	Raymond N. Calvert

  

							
		 		 	NORTHSTAR NEUROSCIENCES, INC.
				
	Dated: 12/4/2008	 		 	By: 	 	/s/ John S. Bowers Jr.
		 		 		 	John S. Bowers Jr.
		 		 		 	President and Chief Executive Officer

  

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 Exhibit A 
 AMENDMENT 
 TO 
 STOCK OPTION AGREEMENTS 
 This Amendment to Stock Option Agreements, dated effective as of
January 31, 2009 (the “Amendment”), amends that certain Stock Option Agreement dated February 8, 2001 (number 00000060) and the related Notice of Stock Option Grant, that certain Stock Option Agreement dated
February 28, 2002 (number 00000109) and the related Notice of Stock Option Grant, that certain Stock Option Agreement dated February 28, 2002 (number 000000122) and the related Notice of Stock Option Grant, that certain Stock Option
Agreement dated October 16, 2002 (number 000000186) and the related Notice of Stock Option Grant, that certain Stock Option Agreement dated August 2, 2003 (number 000000296) and the related Notice of Stock Option Grant, that certain Stock
Option Agreement dated January 26, 2004 (number 000000319) and the related Notice of Stock Option Grant, that certain Stock Option Agreement dated March 4, 2004 (number 000000352) and the related Notice of Stock Option Grant, that certain
Stock Option Agreement dated May 4, 2005 (number 000000417) and the related Notice of Stock Option Grant, and that certain Stock Option Agreement dated May 4, 2005 (number 00000420) and the related Notice of Stock Option Grant, each by and
between Northstar Neuroscience, Inc. (the “Company”) and Raymond N. Calvert (“Optionee”) (each, the “Original Option Agreement”) and as issued under the Company’s 1999 Stock Option Plan, as
amended to date, and is entered into by and between the Company and Optionee. All capitalized terms used in this Amendment, but not defined herein, shall have the meanings given to them in the Original Option Agreement. 
 AGREEMENT 
 In consideration of the mutual
covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 1. Amendment to Section 2. Section 2 of the Original Option Agreement is hereby amended and restated in its entirety to read as follows, and conforming amendments to the related Notice of Stock
Option Grant are hereby deemed to have been made: 
 “2 Term of the Option. The Option will terminate on the earliest to occur of
the following: (a) December 31, 2009; and (b) the date of termination of the Holder’s Service for Cause.” 
 2.
Effect of Amendment. Except as amended by this Amendment, the terms of the Original Option Agreement remain in full force and effect. 
 3. Counterparts. This Amendment may be executed in two counterparts, each of which shall be deemed an original but both of which together shall constitute one and the same instrument. 
 The parties have executed this Amendment effective as of the date and year first written above. 
  

									
	NORTHSTAR NEUROSCIENCE, INC.	 		 	Raymond N. Calvert
					
	By:	 	/s/ John S. Bowers Jr.	 		 	By:	 	/s/ Raymond N. Calvert
	Name:	 	John S. Bowers Jr.	 		 		 	
	Title:	 	President and Chief Executive Officer	 		 		 	

  

 7 

 Exhibit B 
 AMENDMENT 
 TO 
 STOCK OPTION AGREEMENTS 
 This Amendment to Stock Option Agreements, dated effective as of
January 31, 2009 (the “Amendment”), amends that certain Stock Option Agreement dated April 1, 2008 (number 20060311) and the related Notice of Stock Option Grant, and that certain Stock Option Agreement dated
April 1, 2008 (number 20060312) and the related Notice of Stock Option Grant, each by and between Northstar Neuroscience, Inc. (the “Company”) and Raymond N. Calvert (“Optionee”) (each, the “Original
Option Agreement”) and as issued under the Company’s 2006 Performance Incentive Plan, as amended to date, and is entered into by and between the Company and Optionee. All capitalized terms used in this Amendment, but not defined
herein, shall have the meanings given to them in the Original Option Agreement. 
 AGREEMENT 
 In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows: 
 1. Amendment to Section 7.1(d). Section 7.1(d) of the Original
Option Agreement is hereby amended and restated in its entirety to read as follows, and conforming amendments to the related Notice of Stock Option Grant are hereby deemed to have been made: 
 “(d) Other Termination of Service. If the Optionee’s Service terminates for any reason, except Disability, death or Cause, the
Option, to the extent vested and exercisable by the Optionee on the date on which the Optionee’s Service terminated, may be exercised by the Optionee at any time prior to December 31, 2009.” 
 2. Effect of Amendment. Except as amended by this Amendment, the terms of the Original Option Agreement remain in full force and effect.

 3. Counterparts. This Amendment may be executed in two counterparts, each of which shall be deemed an original but both of
which together shall constitute one and the same instrument. 
 The parties have executed this Amendment effective as of the date and year
first written above. 
  

									
	NORTHSTAR NEUROSCIENCE, INC.	 		 	Raymond N. Calvert
					
	By:	 	/s/ John S. Bowers Jr.	 		 	By:	 	/s/ Raymond N. Calvert
	Name:	 	John S. Bowers Jr.	 		 		 	
	Title:	 	President and Chief Executive Officer	 		 		 	

  

 8

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