Document:

Exhibit 10.37

CONFIDENTIAL TREATMENT

Portions of this Exhibit 10.37 have been omitted
based upon a request for confidential treatment. This Exhibit 10.37,
including the non-public information, has been filed separately with the
Securities and Exchange Commission. “[*]” designates portions of this document
that have been redacted pursuant to the request for confidential treatment
filed with the Securities and Exchange Commission.

AMENDMENT
NO. 6 TO SECOND AMENDED AND RESTATED

RECEIVABLES PURCHASE AGREEMENT

THIS AMENDMENT NO. 6
dated as of March 31, 2006 to SECOND AMENDED AND RESTATED RECEIVABLES
PURCHASE AGREEMENT (this “Amendment”)
is entered into among AFC FUNDING CORPORATION, an Indiana corporation (the “Seller”), AUTOMOTIVE FINANCE CORPORATION, an
Indiana corporation (the “Servicer”),
FAIRWAY FINANCE COMPANY, LLC (as successor to Fairway Finance Corporation), a
Delaware limited liability company (the “Purchaser”),
and HARRIS NESBITT CORP. (as successor to BMO NESBITT BURNS CORP.), a Delaware
corporation, as agent for Purchaser and as the initial agent (the “Agent”).

R E C I T A L S

A.            The Seller, the Servicer, the
Purchaser and the Agent are parties to that certain Second Amended and Restated
Receivables Purchase Agreement dated as of June 15, 2004, as may be
amended, amended and restated, supplemented or otherwise modified from time to
time (the “Agreement”).

B.            The Seller, the Servicer, the
Purchaser and the Agent desire to amend the Agreement as hereinafter set forth.

NOW THEREFORE, for good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

1.     Certain Defined Terms. Capitalized
terms which are used herein without definition and that are defined in the
Agreement shall have the same meanings herein as in the Agreement.

2.     Amendments to Agreement.
The Agreement is amended as follows:

2.1           The definition of “Termination Date”
in Exhibit I to the Agreement is hereby amended in its entirety to read as
follows:

“Termination Date”
means the earliest of (i) the Business Day which the Seller so designates
by notice to the Agent at least 30 days in advance pursuant to Section 1.1(b), (ii) April 30,
2009 (the “Scheduled Termination Date”), (iii) the date determined
pursuant to Section 2.2 and (iv) the
date that a Purchaser Termination Day is in effect with respect to all
Purchasers.

 

2.2           A new definition of “Limited
Purchaser Termination Date” is hereby added to Exhibit I to the Agreement
as follows:

“Limited Purchaser Termination Date” means,
with respect to any Purchaser with respect to which one or more (but less than 50%
by commitment size of all the Program Support Providers of such Purchaser under
all of its Program Support Agreements related to this facility) of the Program
Support Providers under such Purchaser’s related Program Support Agreements
declines to renew their commitments under the Program Support Agreement to
which such Program Support Provider is a party, the termination date of the
commitment of such non-renewing Program Support Provider(s).

2.3           Clauses (e) and (k) of the
definition of “Eligible Receivable” in Exhibit I are hereby amended in
their entirety to read as follows: [*]

2.4           A new definition of “Specified
Curtailment Receivable” is hereby added to Exhibit I to the Agreement as
follows: [*]

2.5           The definition of “Net Receivables
Pool Balance” in Exhibit I to the Agreement is hereby amended in its
entirety to read as follows:

“Net Receivables Pool Balance” means, at any
time, an amount equal to the result of (a) 100% of the aggregate
Outstanding Balances of Eligible Receivables (other than Specified Curtailment
Receivables) then in the Receivables Pool [*] plus (b) [*] of the
aggregate Outstanding Balances of all Eligible Receivables constituting
Specified Curtailment Receivables then in the Receivables Pool [*] minus (c) the
amount by which the result obtained in clause (b) above exceeds the
product of (X) the amount obtained in clause (a) above multiplied by (Y) 8.0%
minus (d) the aggregate amount by which the aggregate Outstanding Balance
of the Eligible Receivables (including, for the avoidance of doubt, Specified
Curtailment Receivables) of each Obligor then in the Receivables Pool exceeds
the product of (A) the Normal Concentration Percentage for such Obligor
(or, in the case of a Special Obligor, the Special Concentration Percentage)
multiplied by (B) the aggregate Outstanding Balance of the Eligible
Receivables  (including, for the
avoidance of doubt, Specified Curtailment Receivables) then in the Receivables
Pool (for the avoidance of doubt, the result obtained from (a) plus (b) minus
(c) above).

2.6           The definition of “Purchaser
Termination Day” in Exhibit I to the Agreement is hereby amended in its
entirety to read as follows:

“Purchaser Termination
Day” means, as to any Purchaser, any day on or after (i) such
Purchaser’s Purchaser Termination Date and (ii) the 180th day following the occurrence of a Limited
Purchaser Termination Date for such Purchaser (unless all non-renewing Program
Support Providers have

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been replaced or otherwise have no amounts outstanding
under their related Program Support Agreement(s)); provided,
that any day that would otherwise be a Purchaser Termination Day shall not be
so considered if such day is a Termination Day.

2.7           The definition of “Investment Share”
in Exhibit I to the Agreement is hereby amended in its entirety to read as
follows:

“Investment Share”
means, with respect to any Purchaser at any time, the percentage equivalent of
a fraction, the numerator of which is the Investment of such Purchaser and the
denominator of which is  the aggregate of
the Investment of all Purchasers; provided, however, that for
purposes of this definition, if Investment Share is being calculated to
determine the Exiting Purchaser Percentage for a Purchaser whose Purchaser
Termination Day has occurred solely as a result of the occurrence of a Limited
Purchaser Termination Date, the Purchaser’s Investment shall include only the
amount equal to that portion of the Purchaser’s Investment being funded by the
non-renewing Program Support Providers under the applicable Program Support
Agreements.

2.8           The definition of “Recalculation Date”
in Exhibit I to the Agreement is hereby amended in its entirety to read as
follows:

“Recalculation Date”
means any of the following: (i) each Purchaser Termination Date and the 180th day following any Limited Purchaser
Termination Date, (ii) the day following any Purchaser’s Purchaser
Termination Date or Limited Purchaser Termination Date on which its outstanding
Investment (or, in the case of a Limited Purchaser Termination Date, that
portion thereof funded by the non-renewing Program Support Provider(s)) is paid
in full, or (iii) if any Termination Day shall have occurred since the
last Recalculation Date, the first Business Day thereafter that is not a
Termination Day.

2.9           The definition of “Defaulted
Receivable” in Exhibit I to the Agreement is hereby amended in its
entirety to read as follows:

“Defaulted Receivable”
means a Receivable:

(i)            as
to which any payment, or part thereof, remains unpaid for more than [*] days
after the due date for such payment;

(ii)           which,
consistent with the Credit and Collection Policy, would be written off the
Seller’s books as uncollectible; or

(iii)          which
is converted to a long term payment plan in the form of a note or other similar
document.

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2.10         The definition of “Delinquent
Receivable” in Exhibit I to the Agreement is hereby amended in its
entirety to read as follows:

“Delinquent Receivable”  means a Receivable which is not a Defaulted
Receivable (i) as to which any payment, or part thereof, remains unpaid
for more than [*] days after the due date for such payment or (ii) which,
consistent with the Credit and Collection Policy, would be classified as
delinquent by the Seller.

2.11         Clause (h) is deleted from the
definition of “Excluded Receivables” in Exhibit I to the Agreement.

2.12         The definition of “Revolving Uninsured
Purchase Limit” in Exhibit I to the Agreement is hereby amended in its
entirety to read as follows:

“Revolving Uninsured
Purchase Limit” means, at any time, the lesser of (A) $600,000,000 and
(B) the sum of the Maximum Uninsured Commitments of all Revolving
Purchasers at such time; provided, however, that in no event shall the sum of
the Revolving Insured Purchase Limit and the Revolving Uninsured Purchase Limit
exceed the amount that when multiplied by 102% results in a product equal to
the aggregate commitments of all of the Liquidity Banks under all of the
Liquidity Agreements.

2.13         The definition of “Purchaser
Termination Date” in Exhibit I to the Agreement is hereby amended in its
entirety to read as follows:

“Purchaser Termination
Date” means, as to any Purchaser, the earliest of (a) the date that
the commitments of 50% or more (by commitment size of all of the Program
Support Providers of such Purchaser under all of its Program Support Agreements
related to this facility) of the related Program Support Providers terminate, (b) the
Termination Date or (c) in the case of any Term Purchaser, the first date
on which the aggregate Investment for all Term Purchasers exceeds 40% of the
aggregate Investment.

2.14         The definition of “Legal Final Maturity
Date” in Exhibit I to the Agreement is hereby amended in its entirety to
read as follows:

“Legal Final Maturity
Date” means the first Settlement Date on or after the date that is two
years after the Termination Date.

3.     Representations and Warranties.
Each of the Seller and the Servicer hereby represents and warrants to the Agent
and the Purchaser as follows:

(a)           Representations and Warranties. The
representations and warranties of such Person contained in Exhibit III and Exhibit VII to the Agreement are true
and correct as of the date hereof (unless stated to relate solely to an earlier
date, in which case such representations and warranties were true and correct
as of such earlier date).

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(b)           Enforceability. The execution and delivery by
such Person of this Amendment, and the performance of its obligations under
this Amendment and the Agreement, as amended hereby, are within its corporate
powers and have been duly authorized by all necessary corporate action on its
part. This Amendment and the Agreement, as amended hereby, are its valid and
legally binding obligations, enforceable in accordance with its terms.

(c)           Termination Event. No Termination Event or
Unmatured Termination Event has occurred and is continuing.

4.     Effectiveness. This
Amendment shall become effective as of the date hereof upon receipt by the
Agent of each of the counterparts of this Amendment (whether by facsimile or
otherwise) executed by each of the parties hereto; provided that the provisions
herein regarding Specified Curtailment Receivables (including, without
limitation, the addition of an amount with respect thereto in the definition of
Net Receivables Pool Balance) shall only become effective following written
confirmation by the Agent that the reporting systems of the Servicer with
respect to the Specified Curtailment Receivables are sufficient.

5.     Effect of Amendment. Except
as expressly amended and modified by this Amendment, all provisions of the
Agreement shall remain in full force and effect. After this Amendment becomes
effective, all references in the Agreement (or in any other Transaction
Document) to “the Receivables Purchase Agreement,” “this Agreement,” “hereof,” “herein”
or words of similar effect, in each case referring to the Agreement, shall be
deemed to be references to the Agreement as amended by this Amendment. This
Amendment shall not be deemed to expressly or impliedly waive, amend or
supplement any provision of the Agreement other than as set forth herein.

6.     Counterparts. This
Amendment may be executed in any number of counterparts and by different
parties on separate counterparts, and each counterpart shall be deemed to be an
original, and all such counterparts shall together constitute but one and the
same instrument.

7.     Governing Law. This
Amendment shall be governed by, and construed in accordance with, the internal
laws of the State of Indiana without reference to conflict of laws principles.

8.     Section Headings. The
various headings of this Amendment are inserted for convenience only and shall
not affect the meaning or interpretation of this Amendment or the Agreement or
any provision hereof or thereof.

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

	
  

  	
  AFC FUNDING CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Curtis L. Phillips

  
	
   

  	
  Name:

  	
  Curtis L. Phillips

  
	
   

  	
  Title:

  	
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  AUTOMOTIVE FINANCE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ James E. Money II

  
	
   

  	
  Name:

  	
  James E. Money II

  
	
   

  	
  Title:

  	
  Controller and Assistant Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FAIRWAY FINANCE COMPANY, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jill A. Gordon

  
	
   

  	
  Name:

  	
  Jill A. Gordon

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HARRIS NESBITT CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Kucera

  
	
   

  	
  Name:

  	
  David J. Kucera

  
	
   

  	
  Title:

  	
  Managing Director

  

 

Consented to:

BANK OF MONTREAL

	
  By:

  	
  /s/ Stephen Maenhout

  
	
   

  	
  Name: Stephen Maenhout

  
	
   

  	
  Title: Vice President

  

 

 6Exhibit 10.67

 

EMPLOYMENT AGREEMENT

 

This
Employment Agreement (this “Agreement”), executed February 3, 2006 and effective
January 2, 2006 (the “Effective Date”) is by and between DTS, Inc., a Delaware
corporation (the “Company”), and Daniel E. Slusser  (“you” or “Executive”) with reference to the
following facts:

 

A.    You are currently serving as Chairman of the
Company.

 

B.    The Company has requested that you enter into
an agreement to continue to serve on the terms and conditions set forth in this
Agreement as the Company’s Chairman of the Board of Directors, and you are
willing to serve in such capacity on the terms and conditions set forth in this
Agreement.

 

In
consideration of the mutual agreements contained in this Agreement, you and the
Company agree as follows:

 

1.     Term.  The term of your employment
under this Agreement shall commence on the Effective Date and shall expire on
May 31, 2007.  The term of your
employment under this Agreement may be sooner terminated as provided in other
provisions of this Agreement.

 

2.     Duties.  You agree to serve the Company
as its Chairman of the Board of Directors. 
Your duties will be those of similar officers for a company similar to
the Company.  During the term of this
Agreement, you agree that you will use your best efforts, on a part time basis,
to advance, the business and welfare of the Company.  Notwithstanding the foregoing, you shall be
permitted to serve as a director of or consultant to one or more other
companies, provided that such companies do not compete in any manner with the
business of the Company as now or hereafter conducted.

 

3.     Salary and Benefits.

 

(a)  Salary.  The Company shall pay you a salary at the
rate of $100,000 per year payable biweekly and subject to payroll deductions as
may be necessary or customary in respect of the Company’s salaried employees in
general.

 

(b)  Vacations.  You shall be entitled to 4 weeks paid
vacation per calendar year during the term of this Agreement.  Any unused pro-rata portion (not to exceed
180 hours of accumulation) of your annual paid vacation shall be paid to you
upon termination of your employment for any reason.

 

(c)  Annual Bonus, Inventive, Savings and
Retirement Plans.  You shall be
entitled to bonuses as deemed appropriate by the Board of Directors of the
Company.  You shall also be entitled to
participate in all annual bonus, incentive, stock option, savings and
retirement plans, practices, policies and programs applicable generally to
other employees of the Company of a similar class (as determined by the Board
of Directors) (“Similar Employees”).

 

(1)   Stock Options.  You shall be granted stock options to be
vested over four consecutive 12-month periods as per your Stock Option Agreement with the Company and
administered under the Company’s Stock Option
Plan.  Additional stock options may be granted to
you during the period of this agreement to the extent granted to other
employees of the company of a similar class and as determined by the Board of
Directors.

 

(2)   Incentive Plan.  You shall be entitled to participate in
Company Incentive Plans as applicable generally to other employees of the
Company of a similar class and as determined by the

 

1

 

Board of Directors.  You shall be entitled to bonuses as deemed
appropriate by the board of Directors with respect to the realization of the
Company’s Incentive Plan
objectives.

 

(3)   Annual Bonus.  You shall be entitled to participate in the
annual bonus plan as applicable generally to other employees of the company of
a similar class and as determined by the plan and the Board of Directors.

 

(4)   Savings and Retirement Plans.  You shall be entitled to
participate in savings and retirement plans and any other practices, policies
and programs applicable generally to other employees of the company of a
similar class and as determined by the Board of Directors.

 

(d)   Welfare Benefit Plans.  You shall be eligible for participation in
and shall receive all benefits under welfare benefit plans, practices, policies
and programs provided by the Company to the extent applicable generally to
similar employees of the Company, including but not limited to directors’ and
officers’ liability insurance.

 

(e)   Expenses.  You shall be entitled to
receive prompt reimbursement for all reasonable employment expenses incurred by
you in accordance with the policies, practices and procedures as in effect
generally with respect to Similar Employees of the Company.  You shall be authorized to fly first class on
all flights over 2 hours in duration. 
You shall receive $1,000 per month as an automobile allowance.

 

(f)    Insurance and Indemnity.  The
Company shall, upon your request, execute a separate indemnification agreement
providing maximum indemnification to you under Delaware law, and may, in the
sole discretion of its Board of Directors, acquire directors and officers
insurance.  Any directors and officers
insurance acquired by the Company shall extend to you to the same extent it
extends to any other director or officer of the Company.

 

(g)   Other Benefits.  You
shall be entitled to other benefits in accordance with the plans, practices,
programs and policies as in effect generally with respect to those extended to
the Chairman and other similar employees of the Company.

 

4.     Death or Disability of Employee.  If
you die or become disabled prior to the expiration of this Agreement, your
employment under this Agreement will automatically terminate.  “Disability” means any physical or mental
illness that renders you unable to perform your agreed-upon services under this
Agreement for six consecutive months or an aggregate of 270 days, whether or
not consecutive, during any consecutive 12-month period.  Disability shall be determined by a licensed
physician not affiliated with you or the Company.  However, you shall have the right to have
your physician present or consulted.  In
the event of your death or disability, the amounts pursuant to this Agreement
through the date of your death or disability will be paid to you or your
beneficiaries.  Such benefits shall
include your Stock Option Benefits.

 

5.     Termination for Cause.  By
majority vote of the Board (with you abstaining) and with ten days’ prior
written notice, your employment under this Agreement may be terminated by the
Company for “good cause.”  If the Company
alleges there are grounds for a Termination for Cause, they will specify in
writing the reasons and you shall have ten (10) business days in which to cure
same.  The term “good cause” is defined
as any one or more of the following occurrences:

 

(a)  Gross negligence, material violation by you
of any duty, or any other material misconduct on your part;

 

2

 

(b)   Your conviction by, or entry of a plea of
guilty or nolo contendere in, a court of competent and final jurisdiction for
any crime punishable by imprisonment in the jurisdiction involved; or

 

(c)   Your commission of an act of fraud, whether
prior to or subsequent to the date of this Agreement, upon the Company.

 

In the event of termination
for “good cause,” your salary, benefits, and unexercised stock options will
terminate as of the last day of the month in which proper notice of your
termination was given to you.

 

6.     Other Termination.  If
you are terminated for any reason other than good cause, or are subject to “Constructive
Termination” (as defined below), you shall be entitled to severance pay equal
to the remaining salary due under the term of this Agreement.  You shall be entitled to a lump sum severance
payment without a duty to mitigate. 
Subject to approval by the Administrator, as defined in the Company’s
Stock Option Plan, which approval shall be sought at the time of the
consideration by the Board of Directors of this Agreement, all options granted
to you (incentive and non-statutory) shall provide that, in the event of your
termination of employment (including constructive termination) for other than “good
cause,” as defined herein, that each such option (a) shall immediately vest and
(b) shall be exercisable for the period set forth in the option agreement (but
not in excess of the specified maximum term of such option).  You shall also be entitled to continue to
receive such benefits as you are receiving at the time of termination, e.g.
health plans, etc., until the end of the term of this Agreement.

 

“Constructive Termination” means a termination of this Agreement
resulting from any material failure by the Company to fulfill its obligations
under this Agreement which is not cured within thirty (30) days after receipt
of written notice by the Company from Executive specifying the nature of the
failure, which failure shall include, but shall not be limited to (a) removal
of the Executive, other than removal as a result of a termination for cause or
voluntary termination, as Chairman of the board of Directors of the Company or
any material change by the Company in the functions, duties or responsibilities
of Executive from those in which Executive was engaged under this Agreement
without the consent of Executive, (b) a material, non-voluntary reduction in
Executive’s base salary and eligibility for bonus amounts, or (c) an occurrence
of a Change in Control (as defined).

 

“Change of Control” means that time at which any person or group of
persons (other than the shareholders of the Company on the closing date of the
Reorganization) becomes the beneficial owner of a percentage of the Company’s
voting stock equal to at least 51% or (ii) all or substantially all of the
Company’s assets are sold as an entirety or substantially as an entirety to any
person.

 

7.  Confidential Information.  You shall hold in a fiduciary capacity for
the benefit of the Company all secret or confidential information, knowledge or
data relating to the Company or any of its affiliated companies, and their
respective businesses, which you shall have obtained during your employment by
the Company or any of its affiliated companies (including the Partnership and
Digital Theater Systems Corp.) and which shall not be or become public
knowledge (other than by acts by you or your representatives in violation of
this Agreement).  After termination of
your employment with the Company, you shall not, without the prior written
consent of the Company, or as may otherwise be required by law or legal
process, communicate or divulge any such information, knowledge or data to
anyone other than the Company and those designated by it in writing.  You acknowledge that such action could cause
irreparable harm to the Company and that the Company may obtain an injunction
or other equitable relief to enforce this provision.  Furthermore, upon termination of this
Agreement, you will promptly deliver to the Company all books, memoranda,
records and written data in original form of

 

3

 

every kind relating to the
business and affairs of the Company that may then be in your possession,
custody or control.

 

8.     Non-Compete.  You agree that for the period
commencing on the date of this Agreement and ending upon the termination or
expiration of your employment with the Company (the “Restricted Period”),
except on behalf of the company and its affiliates in accordance with this
Agreement, you shall not, directly or indirectly, as employee, agent,
consultant, stockholder, director, partner or in any other individual or
representative capacity, own, operate, manage, control, engage in, invest in or
participate in any manner in, act as a consultant or advisor to, render
services for (alone or in association with any person, firm, corporation or
entity), or otherwise assist, for compensation or otherwise, any person or
entity that engages in or owns, invests in, operated, manages or controls any
venture or enterprise that engages in any activity, involving the research,
development, licensing or sale of multi-channel (surround sound) digital audio
encoding technology for consumer applications, or involving the research,
development, licensing, manufacture or sale of multi-channel (surround sound)
digital audio coding equipment for theatrical application, digital image
restoration or digital content distribution or services related thereto, (the “Business”);
provided, however, that nothing contained in this Agreement shall be construed
to prevent you from investing in the stock of any competing corporation listed
on a national securities exchange or traded in the over-the-counter market, but
only if you are not involved in the business of said corporation and if you and
your affiliates collectively do not own more that an aggregate of 5% of the
stock of such corporation.

 

9.     Non-Solicitation. 
Without limiting the generality of the provisions of Section 8 above,
you agree that during the Restricted Period, except on behalf of the Company
and its affiliates in accordance with this Agreement, you will not interfere
with or disrupt or attempt to disrupt the Company’s business relationship with
its customers or suppliers or solicit any of the employees of the Company to
leave the employment of the Company.

 

10.   Inventions.  All processes, technology,
inventions, ideas, improvements, discoveries, trademarks or tradenames relating
to the Business, including any implementation and applications, conceived,
developed, invented, made or found by you, alone or with others, during your
employment by the Company, whether or not patentable and whether or not
conceived, developed, invented, made or found on the Company’s time or with the
use of the Company’s facilities or materials, shall be the property of the
Company and shall be promptly and fully disclosed by you to the Company.  You shall perform all necessary acts
(including, without limitation, executing and delivering any confirmatory
assignments, documents or instruments requested by the Company) to vest title
to any such Inventions in the Company and to enable the Company, at its
expense, to secure and maintain domestic and/or foreign patents or any other
rights for such Inventions.

 

11.   Arbitration.  You and the Company agree that any dispute
arising under or in connection with this Agreement, including any dispute
involving your employment or the termination of that employment (whether based
on contract, tort or statutory duty or prohibition, including any prohibition
against discrimination or harassment), shall be submitted to binding
arbitration in accordance with California Code of Civil Procedure §§ 1280 —
1294.2 before a single neutral arbitrator. 
You and the Company understand that each is waiving its rights to a jury
trial.

 

The party demanding arbitration shall submit a written claim to the
other party setting out the basis of the claim. 
Demands shall be presented in the same manner as notices under this
Agreement.  You and the Company will
attempt to reach agreement on an arbitrator within ten (10) business days of
delivery of the arbitration demand. 
After this ten (10) business day period, either you or the Company may
request a list of seven professional arbitrators from the American Arbitration
Association or another mutually agreed 

 

4

 

service.  You and the Company will
alternately strike names until only one person remains and that person shall be
designated as the arbitrator. The party demanding arbitration shall make the
first strike.

 

The arbitration shall take place in or within five miles of Agoura
Hills, California, at a time and place determined by the arbitrator.  Each party shall be entitled to discovery of
essential documents and witnesses and to deposition discovery, as determined by
the arbitrator, taking into account the mutual desire to have a fast, cost-effective,
dispute-resolution mechanism.  You and
company will attempt to cooperate in the discovery process before seeking the
determination of the arbitrator.  Except
as otherwise determined by the arbitrator, you and the Company will each be
limited to no more than three (3) depositions. 
The arbitrator shall have the powers provided in California Code of
Civil Procedure §§ 1282.2 — 1284.2 and may provide all appropriate remedies at
law or equity.

 

The arbitrator will have the authority to entertain a motion to dismiss
and/or a motion for summary judgment by either you or the Company and shall
apply the standards governing such motions under California law, unless the
standards of another judicial forum supercede California law.  The Arbitrator shall render, within sixty
(60) days of the completion of the arbitration, an award and a written,
reasoned opinion in support of that award. 
Judgment on the award may be entered in any court having jurisdiction.

The
Company will pay the arbitrator’s expenses and fees, all meeting room charges
and any other expenses that would not have been incurred if the case were
litigated in the judicial forum having jurisdiction over it.  Unless otherwise ordered by the arbitrator
pursuant to law or this Agreement, each party shall pay its own attorney fees,
witness fees and other expenses incurred by the party for his or her own
benefit.  Executive’s share of any
filing, administration or similar fee shall be no more than the then current
filing or other applicable fee in California Superior Court or, if applicable,
other appropriate tribunal with jurisdiction.

 

12.   Miscellaneous.

 

12.1         Modification and Waiver of Breach.  No
waiver or modification of this Agreement shall be binding unless it is in
writing signed by you and the Company. 
No waiver of a breach of this Agreement shall be deemed to constitute a
waiver of a future breach, whether of a similar or dissimilar nature.

 

12.2         Notices.  All notices and other
communication required or permitted under this Agreement shall be in writing,
served personally on, mailed by certified or registered United States mail or
nationally recognized express mail courier to, the party to be charged with
receipt thereof.  Notices and other
communications served by mail shall be deemed given hereunder upon delivery if
served in person or delivered by express courier, or 72 hours after deposit of
such notice or communication in the United States Post Office as certified or
registered mail with postage prepaid and duly addressed to whom such notice or
communication is to be given in the case of (a) the Company, 5171 Clareton
Drive, Agoura Hills, California 91301, Attention: General Counsel, or (b) to
you, to the address set forth below your name on the signature page of this
Agreement.  You and the Company may
change their address for purposes of this Section by giving to the party
intended to be bound thereby, in the manner provided herein, a written notice
of such change.

 

12.3         Counterparts.  This
instrument may be executed in one or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
Agreement.

 

12.4         Construction of Agreement.  This
agreement shall be construed in accordance with, and governed by, the internal
laws of the State of California.

 

5

 

12.5         Severability Clause.  If
any provision of this Agreement or the application thereof is held invalid, the
invalidity shall not affect other provisions or applications of the Agreement
which can be given effect without the invalid provisions or applications and to
this end the provisions of this Agreement are declared to be severable.

 

12.6         Complete Agreement.  This instrument constitutes and contains the
entire agreement and understanding concerning your employment and the other
subject matters addressed in this Agreement between you and the Company, and
supersedes and replaces all prior negotiations and all agreements proposed or
otherwise, whether written or oral, concerning the subject matters hereof
(including any previous agreements relating to your employment with Digital
Theater Systems, Inc., Digital Theater System Corp. or the Partnership).  This is an integrated document.

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement on the day and
year first above written.

 

 

	
  EMPLOYEE:

  	
  THE COMPANY:

  
	
   

  	
   

  
	
   

  	
  DTS
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/
  Daniel Slusser

  	
   

  	
  By:

  	
  /s/
  Jon Kirchner

  	
   

  
	
  DANIEL
  SLUSSER

  	
   

  	
  Jon
  Kirchner

  
	
  Address:
  As provided to the

  	
   

  	
  President
  & CEO

  
	
  Company’s
  Human Resources

  	
   

  	
   

  
	
  Department

  	
   

  	
   

  
					

 

6

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