Document:

exv10w12

Exhibit
10.12

AMENDMENT TO OFFER LETTER

     This Amendment to Offer Letter (the “Amendment”) is made and entered into as of December 24,
2008 (the “Effective Date”), by and between Cavium Networks, Inc., a Delaware corporation (the
“Company”) and Anil Jain (“Executive”).

RECITALS

     A. The Company retains the services of Executive pursuant to that certain offer letter dated
January 22, 2001 (the “Offer Letter”).

     B. The Company and Executive wish to amend the Offer Letter to comply with the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended.

AGREEMENT

     The third paragraph of the Offer Letter is hereby amended and restated in its entirety to read
as follows:

     If Cavium Networks, Inc. (the “Company”) decides to terminate your employment for any
reason and such termination results in a “separation from service” with the Company within
the meaning of Treasury Regulation Section 1.409A-1(h) (without regard to any possible
alternative definition of “termination of employment” thereunder) (a “Covered Termination”),
you will be paid three months salary with full benefits from the date of the Covered
Termination (the “Severance Payments”).

     A new paragraph is hereby inserted to read as follows:

     All payments provided hereunder are intended to constitute separate payments for
purposes of Treasury Regulation Section 1.409A-2(b)(2). If you are a “specified employee”
of the Company or any affiliate thereof (or any successor entity thereto) within the meaning
of Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the “Code”) on
the date of a Covered Termination, then the Severance Payments shall be delayed until the
earlier of: (i) the date that is six (6) months after the date of the Covered Termination,
or (ii) the date of your death (such date, the “Delayed Payment Date”), and the Company (or
the successor entity thereto, as applicable) shall (A) pay to you a lump sum amount equal to
the sum of the Severance Payments that otherwise would have been paid to you on or before
the Delayed Payment Date, without any adjustment on account of such delay, and (B) continue
the Severance Payments in accordance with any applicable payment schedules set forth for the
balance of the period specified herein. Notwithstanding the foregoing, (i) Severance
Payments scheduled to be paid from the date of a Covered Termination through March 15th of
the calendar year following such termination shall be paid to the maximum extent permitted
pursuant to the “short-term deferral” rule set forth in Treasury Regulation Section
1.409A-1(b)(4); (ii) Severance Payments scheduled to be paid that are not paid pursuant to
the preceding clause (i) shall be paid as scheduled to the maximum extent permitted pursuant
to an “involuntary separation from service” as permitted by Treasury Regulation Section
1.409A-1(b)(9)(iii), but in no event later than the last day of the second taxable year

 

 

following the taxable year of the Covered Termination; and (iii) any Severance Payments
that are not paid pursuant to either the preceding clause (i) or the preceding clause (ii)
shall be subject to delay, if necessary, as provided in the previous sentence. Any premium
paid pursuant to a group benefit plan covered by Section 4980B of the Code (COBRA) are not
intended to be delayed pursuant to Section 409A(a)(2)(B)(i) of the Code and are intended to
be paid pursuant to the exception provided by Treasury Regulation Section
1.409A-1(b)(9)(v)(B).

     In Witness Whereof, the Company and Executive have executed this Amendment on the
dates set forth below, to be effective immediately as of the Effective Date.

	 	 	 	 	 
	Cavium Networks, Inc.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Art Chadwick
 

	 	 
	 
	 	 	 	 
	Its:

	 	CFO	 	 
	 
	 	 	 	 
	Date:

	 	12-24-08	 	 
	 
	 	 	 	 
	Executive	 	 
	 
	 	 	 	 
	/s/ Anil Jain	 	 
	   	 	 
	 
	 	 	 	 
	Date:

	 	12-24-08exv10w15

Exhibit
10.15

AMENDMENT TO OFFER LETTER

     This Amendment to Offer Letter (the “Amendment”) is made and entered into as of December 23,
2008 (the “Effective Date”), by and between Cavium Networks, Inc., a Delaware corporation (the
“Company”) and Sandeep Vij (“Executive”).

RECITALS

     A. The Company retains the services of Executive pursuant to that certain offer letter dated
May 1, 2008 (the “Offer Letter”).

     B. The Company and Executive wish to amend the Offer Letter to comply with the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended.

AGREEMENT

     The third paragraph of the Offer Letter is hereby amended and restated in its entirety to read
as follows:

In the event Cavium Networks, Inc. (the “Company”) (or any successor-in-interest) terminates
your employment without Cause (as defined in the attached appendix) or you resign for good
reason (as defined in the attached appendix) and such termination results in a “separation
from service” with the Company within the meaning of Treasury Regulation Section 1.409A-1(h)
(without regard to any possible alternative definition of “termination of employment”
thereunder) (a “Covered Termination”), two-thirds (66.67%) of all then unvested stock
options granted pursuant to this offer letter will immediately vest and you will receive, in
one lump sum, 12 months of base salary and 100% of your target yearly bonus (if applicable)
(such cash severance, the “Severance Payments”). In addition, the Company will pay directly
to the COBRA administrator 12 months of your COBRA premiums at the level of benefits
received immediately before your termination, providing that the COBRA payments shall cease
in the event you receive benefits comparable to the COBRA benefits from a new employer.

     The fifth paragraph of the Offer Letter is hereby amended and restated in its entirety to read
as follows:

For those stock options granted pursuant to this offer letter, if during any part of your
Three Month Post-Termination Exercise Period the Company is, for any reason, unwilling or
unable to issue you freely tradable (registered) securities upon exercise of your option
and/or the sale of shares issued upon exercise of your option would violate the Company’s
Insider Trading Policy, then your Three Month Post-Termination Exercise Period shall be
extended so that you have an aggregate period of three (3) months after the termination of
your Continuous Service where the Company is willing and able to issue you freely tradable
securities upon exercise of your option and you are able to sell those securities on the
public market. However, any such extension of your stock options shall not exceed the
earlier of (i) the tenth anniversary of the original date of grant of the stock option, or
(ii) the expiration of the maximum term of the stock option.

 

 

     A new paragraph is hereby inserted to read as follows:

All payments provided hereunder are intended to constitute separate payments for purposes of
Treasury Regulation Section 1.409A-2(b)(2). If you are a “specified employee” of the
Company or any affiliate thereof (or any successor entity thereto) within the meaning of
Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the “Code”) on
the date of a Covered Termination, then the Severance Payments shall be delayed until the
earlier of: (i) the date that is six (6) months after the date of the Covered Termination,
or (ii) the date of your death (such date, the “Delayed Payment Date”), and the Company (or
the successor entity thereto, as applicable) shall pay to you a lump sum amount equal to the
sum of the Severance Payments that
otherwise would have been paid to you on or before the Delayed Payment Date, without any
adjustment on account of such delay. Any COBRA premiums paid hereunder are not intended to
be delayed pursuant to Section 409A(a)(2)(B)(i) of the Code and are intended to be paid
pursuant to the exception provided by Treasury Regulation Section 1.409A-1(b)(9)(v)(B).

     In Witness Whereof, the Company and Executive have executed this Amendment on the
dates set forth below, to be effective immediately as of the Effective Date.

	 	 	 	 	 
	Cavium Networks, Inc.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Syed Ali
 

	 	     
	 
	 	 	 	 
	Its:

	 	CEO
 

	 	     
	 
	 	 	 	 
	Date:

	 	12/23/08
 

	 	     
	 
	 	 	 	 
	Executive	 	 
	 
	 	 	 	 
	/s/ Sandeep Vij	 	 
	 	 	     
	 
	 	 	 	 
	Date:

	 	12/23/08exv10w24

EXHIBIT 24

SUPPLEMENTAL INDENTURE OF CC FINCO HOLDINGS, LLC

Supplemental Indenture (this “Supplemental Indenture”), dated as of December 9, 2008, among
CC Finco Holdings, LLC (the “Guaranteeing Subsidiary”), a subsidiary of Clear Channel
Communications, Inc., a Texas corporation (the “Issuer”) and Law Debenture Trust Company of
New York, as trustee (the “Trustee”).

W I T N E S S E T H

WHEREAS, Clear Channel Communications, Inc. has heretofore executed and delivered to the Trustee an
indenture (the “Indenture”), dated as of July 30, 2008, providing for the issuance of an
unlimited aggregate principal amount of 10.75% Senior Cash Pay Notes due 2016 (the “Senior Cash
Pay Notes”) and 11.00% / 11.75% Senior Toggle Notes due 2016 (the “Senior Toggle Notes”
and together with the Senior Cash Pay Notes, the “Notes”);

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall
execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing
Subsidiary shall unconditionally guarantee all of the Issuer’s Obligations under the Notes and the
Indenture on the terms and conditions set forth herein and under the Indenture (the
“Guarantee”); and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the
receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and
ratable benefit of the Holders of the Notes as follows:

          (1) Capitalized Terms. Capitalized terms used herein without definition shall have
the meanings assigned to them in the Indenture.

          (2) Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to provide an
unconditional Guarantee on the terms and subject to the conditions set forth in the Indenture
including but not limited to Articles 10 and 11 thereof.

          (3) No Recourse Against Others. No past, present or future director, officer,
employee, incorporator, member, partner or stockholder of the Guaranteeing Subsidiary or any of its
direct or indirect parent companies shall have any liability for any obligations of the Issuer or
the Guarantors (including the Guaranteeing Subsidiary) under the Notes, any Guarantees, the
Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of,
such obligations or their creation. Each Holder by accepting Notes waives and releases all such
liability. The waiver and release are part of the consideration for issuance of the Notes.

          (4) Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

          (5) Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

          (6) Effect of Headings. The Section headings herein are for convenience only and
shall not affect the construction hereof.

          (7) The Trustee. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of
the recitals contained herein, all of which recitals are made solely by the Guaranteeing
Subsidiary.

1

 

          (8) Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of
Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary
pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided
that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not
be entitled to enforce or receive any payments arising out of, or based upon, such right of
subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes
shall have been paid in full.

          (9) Benefits Acknowledged. The Guaranteeing Subsidiary’s Guarantee is subject to the
terms and conditions set forth in the Indenture. The Guaranteeing Subsidiary acknowledges that it
will receive direct and indirect benefits from the financing arrangements contemplated by the
Indenture and this Supplemental Indenture and that the guarantee and waivers made by it pursuant to
this Guarantee are knowingly made in contemplation of such benefits.

          (10) Successors. All agreements of the Guaranteeing Subsidiary in this Supplemental
Indenture shall bind its Successors, except as otherwise provided in the Indenture or in this
Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture shall bind
its successors.

2

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed,
all as of the date first above written.

	 	 	 	 	 
	 	CC FINCO HOLDINGS, LLC

 	 
	 	By:  	 	/s/ Hamlet T. Newsom, Jr.
 	 
	 	 	Name:  	Hamlet T. Newsom, Jr. 	 
	 	 	Title:  	Assistant Secretary 	 
	 

[Supplemental Indenture of CC Finco Holdings, LLC]

 

 

	 	 	 	 	 
	 	LAW DEBENTURE TRUST COMPANY OF NEW
YORK, as Trustee
 	 
	 	By:  	 	/s/ James D. Heaney
 	 
	 	 	Name:  	James D. Heaney 	 
	 	 	Title:  	Vice President 	 
	 

[Supplemental Indenture of CC Finco Holdings, LLC]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}]]