Document:

Form of Director Restricted Stock Agreement

 Exhibit 10.22.1 
 RESTRICTED STOCK AGREEMENT 
 THIS
RESTRICTED STOCK AGREEMENT (this “Agreement”) is entered into as of             , 2006 and effective as of the Effective Date (as defined below) among NewStar
Financial, Inc., a Delaware corporation the “Company”), and [name of Director Stockholder], the holder of the number of shares of Common Stock of the Company set forth under the heading “Restricted Stock” on
Schedule I hereto (such person being referred to as the “Director Stockholder”). 
 WITNESSETH: 
 WHEREAS, as a condition precedent to the Director Stockholder receiving the Restricted Stock (as hereinafter defined), the Director Stockholder has
agreed to enter into this Agreement; 
 WHEREAS, the Company desires to issue the Restricted Stock to the Director Stockholder on the
effective date of the registration statement on form S-1 registering the Company’s initial public offering of Common Stock (the “Effective Date”); 
 WHEREAS, pursuant to the terms of the Company’s second amended and restated certificate of incorporation, upon the consummation of the
Company’s initial public offering of Common Stock, each of the Company’s outstanding shares will, pursuant to a reverse stock split (the “Reverse Stock Split”), automatically be deemed .4031 shares; 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Company and the Director Stockholder hereby agree as follows: 
 1. Certain Definitions.
For purposes of this Agreement, the following terms shall have the following meanings: 
 “Affiliate” means
(i) with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with such first Person, (ii) a partner, member or stockholder of any Stockholder, or (iii) any spouse, domestic
partner, child, grandchild, parent, grandparent or sibling of a Stockholder or a trust or other entity for their benefit; provided that no securityholder of the Company shall be deemed an Affiliate of any other securityholder solely by reason
of an investment in the Company. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”) means, with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through ownership of
voting securities, by contract or otherwise. 
 “Board” means the Board of Directors of the Company. 
 “Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized by
law to close. 
  

 RESTRICTED STOCK AGREEMENT – PAGE 2

  
 “Common Stock” means the Company’s
authorized shares of common stock, par value $0.01 per share, and any stock into which such Common Stock may thereafter be converted, changed, reclassified or exchanged. 
 “Company Entity” means the Company or one of its Subsidiaries. 
 “Confidential Information” means any information relating to the business or affairs of the Company Entities or, as provided below, any of their respective Affiliates, including, but not limited to, customer
identities, potential customers, employees, business and financial strategies, methods or practices, business plans, financial models, proposals, documents or materials owned, developed or possessed by a Company Entity, profit margins or other
proprietary information used by such Company Entity or any of its Affiliates; provided that Confidential Information shall not include (i) information that is or becomes generally known to the public other than as a result of a
disclosure by the Director Stockholder in violation of this Agreement, (ii) information that was known to the Director Stockholder prior to becoming a consultant to or an employee of the Company or (iii) information which becomes known to
the Director Stockholder following a Termination Event, through no wrongful act of the Director Stockholder, by disclosure from a third party unless the Director Stockholder has reason to believe that such third party is under an obligation or duty
of confidentiality or secrecy with respect to such information or is an employee, officer, director or stockholder of the Company; and provided, further, that (A) in such case where any Affiliate has a separate confidentiality requirement or
agreement to which any Company Entity is subject, such confidentiality requirement or agreement shall supersede the requirements herein and (B) unless a confidentiality requirement or agreement referred to in the preceding clause
(A) exists with respect to an Affiliate, Confidential Information for purposes of this definition as it relates to Affiliates shall be deemed to include only Confidential Information of Affiliates, the employees or consultants of which, are
participants or observers at Board meetings of the Company. 
 “Director Stockholders” means the Director Stockholder
and all other Persons that are parties to Restricted Stock Agreements. 
 “Forfeiture” means the transfer by the
Director Stockholder to the Company of Restricted Stock for no consideration and the forfeiture by the Director Stockholder of any and all rights, interests and claims in respect of such shares of Restricted Stock upon the occurrence of an event
specified in, and to the extent provided in, Section 2. “Forfeited” shall have a corollary meaning when used herein. 
 “Non-Forfeitable Shares” means the shares of Restricted Stock which are no longer subject to Forfeiture under
Section 2(a). 
 “Permitted Transferee” means any spouse, domestic partner, lineal descendant, sibling,
parent, heir, executor, administrator, charitable trust, testamentary trustee, legatee or beneficiary of the Director Stockholder or a trust, the beneficiaries of which, or a corporation or partnership, the stockholders or partners of which, include
only the Director Stockholder and any spouse, domestic partner, lineal descendant, sibling, parent or heir of the Director Stockholder. 
  

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 RESTRICTED STOCK AGREEMENT – PAGE 3

  
 “Person” means an individual, corporation,
limited liability company, partnership, association, trust or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 
 “Restricted Stock” means the shares of Common Stock set forth under the heading “Restricted Stock” on Schedule I
hereto and any and all securities that are distributed or paid in respect of Restricted Stock, including as a result of a stock dividend or distribution, stock split, recapitalization or similar transaction, including a Corporate Transaction.

 “Restricted Stock Agreements” shall mean the Restricted Stock Agreements, substantially in the form of this
agreement, entered into between the Company and the Director Stockholders on the date hereof. 
 “Termination Event”
means the termination of the Director Stockholder’s service as a member of the Board. 
 “Transfer” means, with
respect to any shares of capital stock of the Company, (i) when used as a verb, to sell, assign, dispose of, exchange, pledge, encumber, hypothecate or otherwise transfer such shares or any participation or interest therein, whether directly or
indirectly, or agree or commit to do any of the foregoing and (ii) when used as a noun, a direct or indirect sale, assignment, disposition, exchange, pledge, encumbrance, hypothecation, or other transfer of such shares or any participation or
interest therein or any agreement or commitment to do any of the foregoing; provided, however, that any pledge of such shares to the Company or to a lender of a Company Entity as security for such Company Entity’s obligations
shall not constitute a Transfer for purposes hereof. 
 2. Terms and Conditions of Awards. The Restricted Stock shall be subject to the terms and
conditions of the 2006 Incentive Plan of the Company (the “Incentive Plan”) (although the Restricted Stock shall not be deemed to have been granted under the Incentive Plan), including, without limitation, Article IX
(Parachute Limitations), Article XI (Administration) and Article XII (Miscellaneous Provisions), including any amendments thereto, but excluding Article II (Shares Subject to Plan). Any capitalized terms not defined herein shall have the meanings
ascribed to them in the Incentive Plan. 
 3. Release or Forfeiture of Restricted Stock. The Restricted Stock is fully vested subject to Forfeiture as
provided in this Section 3. 
 (a) General Termination Forfeiture. The Restricted Stock shall be subject to Forfeiture as
follows: 
 (i) as of the Effective Date, none of the Restricted Stock constitutes Non-Forfeitable Shares 
 (ii) eighty-five percent (85%) of the Restricted Stock is Forfeited if a Termination Event occurs on or after the first anniversary
of the Effective Date and prior to the second anniversary of the Effective Date; 
  

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 RESTRICTED STOCK AGREEMENT – PAGE 4

  
 (iii) seventy percent (70%) of the Restricted
Stock is Forfeited if a Termination Event occurs on or after the second anniversary of the Effective Date and prior to the third anniversary of the Effective Date; 
 (iv) fifty percent (50%) of the Restricted Stock is Forfeited if a Termination Event occurs on or after the third anniversary of the
Effective Date and prior to the fourth anniversary of the Effective Date; and 
 (v) twenty-five percent (25%) of the
Restricted Stock is Forfeited if a Termination Event occurs on or after the fourth anniversary of the Effective Date and prior to the fifth anniversary of the Effective Date. 
 (b) Management Equity Incentive Pool. All shares of Common Stock which are Forfeited by a Director Stockholder pursuant to Section 3(a) (or any successor section of similar meaning) of a Restricted
Stock Agreement will be added to the amount of equity incentives available to be granted to Director Stockholders of the Company that are party to Restricted Stock Agreements and to employees of the Company that are party to restricted stock
agreements. 
 4. Dividends. The Director Stockholder will have all the rights of a stockholder with respect to the Restricted Stock, including the
right to receive all ordinary cash dividends as the Board may pay with respect to the Common Stock in accordance with the terms of the Company’s Certificate of Incorporation. 
 5. Confidentiality. The Director Stockholder agrees that Confidential Information was and shall be made available in connection with the Director Stockholder’s employment by or consultancy with the Company
Entities. The Director Stockholder agrees that he or she will not disclose any Confidential Information to any other Person, except that Confidential Information may be disclosed: (i) to the extent required by applicable law, rule or regulation
(including complying with any oral or written questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process to which the Director Stockholder is subject); provided that the Director
Stockholder gives such Company Entity prompt notice of such requests, to the extent practicable, so that such Company Entity may seek an appropriate protective order or similar relief (and the Director Stockholder shall cooperate with such efforts
by such Company Entity at Company expense, and shall in any event make only the minimum disclosure required by such law, rule or regulation unless the Director Stockholder reasonably believes that other disclosure is necessary or advisable in order
to avoid adverse consequences to the Director Stockholder), (ii) if the prior written consent of the Board shall have been obtained, or (iii) to such Persons to the extent necessary in the reasonable judgment of the Director Stockholder to
perform his duties as a member of the Board and, in his reasonable judgment, such disclosure is not harmful to the Company. 
 6. Conflicting
Agreements. The Director Stockholder represents and agrees that he shall not without Board consent, (a) grant any proxy or enter into or agree to be bound by any voting trust or agreement with respect to the Restricted Stock or
(b) enter into any agreement or arrangement of any kind with any Person with respect to its shares of Restricted Stock inconsistent with the provisions of this Agreement. 
  

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 RESTRICTED STOCK AGREEMENT – PAGE 5

  
 7. Specific Performance. The rights of the parties under this Agreement are
unique and, accordingly, the parties shall, in addition to such other remedies as may be available to any of them at law or in equity, have the right to enforce their rights hereunder by actions for specific performance to the extent permitted by
law. 
 8. Custody; Legend. The certificates representing the Restricted Stock and bearing such legends as may be required by the Company to evidence
the restrictions specified herein will be issued in the Director Stockholder’s name but will be held in custody by the Company. The Director Stockholder shall receive certificates representing the Restricted Stock at such time that the shares
of Restricted Stock have become Non-Forfeitable Shares. At such time as the restrictions imposed by this Agreement are no longer applicable, the legend referred to in the preceding sentence shall be removed. 
 9. Entire Agreement. This Agreement and the applicable provisions of the Incentive Plan constitute the entire agreement among the parties with respect to the
subject matter hereof and supersede all prior agreements and understandings between them or any of them as to such subject matter. 
 10. No Right To
Continued Employment. This Agreement is not a contract of employment and the terms of the Director Stockholder’s service with the Company shall not be affected by, or construed to be affected by, this Agreement, except to the extent
specifically provided herein. Nothing herein shall impose, or be construed as imposing, an obligation (i) on the part of the Company to continue the Director Stockholder’s service with the Company or (ii) on the part of the Director
Stockholder to remain in the service to the Company. 
 11. Further Agreements. Each of the parties hereto agrees to execute all such further
instruments and documents and to take all such further action as any other party may reasonably require in order to effectuate the terms and purposes of this Agreement. 
 12. Waiver and Amendment. Any of the provisions of this Agreement may be waived by an instrument in writing executed by (i) the Company and (ii) the Director Stockholder. This Restricted Stock
Agreement may not be amended except by an instrument in writing executed by (i) the Company and (ii) the Director Stockholder. Notwithstanding the foregoing, the Company may amend this Agreement without the consent of the Director
Stockholder to the extent that the Board in its good faith judgment determines necessary to correct a manifest error in any term hereof. 
 13.
Assignment; Successors and Assigns. Except as otherwise expressly provided herein, the Restricted Stock and the rights and obligations of the parties herein may not be assigned without the prior written consent of the other party. This
Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, successors and permitted assigns. 
 14. Severability. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision of this Agreement and such 

  

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 RESTRICTED STOCK AGREEMENT – PAGE 6

  
 invalid, illegal and unenforceable provision shall be reformed and construed so that
it will be valid, legal, and enforceable to the maximum extent permitted by law. 
 15. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 16. Section
Headings. The headings contained in this Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement. 
 17. Governing Law. This Agreement shall be construed and enforced in accordance with and governed by the internal laws of the State of Delaware. 
  

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 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the day and year first above
written. 
 NEWSTAR FINANCIAL, INC. 
 By:                                      
               
 Name: Timothy J. Conway

 Title: President 
  
  
  
  
  
 SIGNATURE PAGE TO DIRECTOR RESTRICTED STOCK AGREEMENT 

 DIRECTOR STOCKHOLDER: 
  
 _______________________________ 
 [Name] 
  
  
  
  
 SIGNATURE PAGE TO DIRECTOR RESTRICTED STOCK AGREEMENT 
  

 SCHEDULE I 
 SCHEDULE OF RESTRICTED STOCK 
  

			
	DIRECTOR STOCKHOLDER	 	RESTRICTED STOCK
		
	 [NAME]
	 	[_____] shares of Common Stock which shall be [____] shares of Common Stock after giving effect to the Reverse Stock SplitRelease between Language Line and Matthew Gibbs

 Exhibit 10.24 
 RELEASE 
 THIS RELEASE (this “Release”) is made as of this 8th day of December,
2006, by and between Language Line, Inc., a Delaware corporation (the “Company”) and Mathew Gibbs (“Executive”). 
 PRELIMINARY RECITALS 
 A. Executive and the Company entered into that certain Employment Agreement, dated as of
June 11, 2004 (the “Agreement”). 
 B. Executive’s employment with the Company as Chief Financial Officer has terminated.

 C. In connection with the termination of Executive’s employment under the Agreement, Executive is entitled to certain payments and
other benefits, subject to Executive’s execution, delivery and non-rescission of this Release. 
 D. As further consideration for
execution of this Release, the Company has agreed to provide the benefits set forth on Exhibit A attached hereto. 
 AGREEMENT

 In consideration of the payments and other benefits due Executive under the Agreement, the additional benefits to be provided to
Executive set forth on Exhibit A attached hereto and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

	A.	Release 

 1. Executive, intending to be legally
bound, does hereby, on behalf of himself and his agents, representatives, attorneys, assigns, heirs, executors and administrators (collectively, the “Executive Parties”) REMISE, RELEASE AND FOREVER DISCHARGE the Company, its
affiliates, subsidiaries, parents, joint ventures, and its and their officers, directors, shareholders, members, managers and employees, and its and their respective successors and assigns, heirs, executors, and administrators (collectively, the
“Company Parties”) from all causes of action, suits, debts, claims and demands whatsoever in law or in equity, which Executive or any of the Executive Parties ever had, now has, or hereafter may have, by reason of any matter, cause
or thing whatsoever, from the beginning of Executive’s initial dealings with the Company to the date of this Release, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to
(i) Executive’s employment relationship with Company, the terms and conditions of that employment relationship, and the termination of that employment relationship, including, but not limited to, any claims arising under the Age
Discrimination in Employment Act, as amended, 29 U.S.C. § 621 et seq., Title VII of The Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e et seq., the Civil Rights Act of 1966, 42 U.S.C. §1981, the Civil Rights Act of 1991, Pub.
L. No. 102-166, the Americans with Disabilities Act, 42 U.S.C. §12101 et seq., the Age Discrimination in Employment Act, as 

 
amended, 29 U.S.C. §621 et seq., the Fair Labor Standards Act, 29 U.S.C. §201 et seq., the National Labor Relations Act, 29 U.S.C. §151 et
seq., and any other claims under any federal, state or local common law, statutory, or regulatory provision, now or hereafter recognized, and any claims for reasonable attorneys’ fees and costs, but not including such claims to
(A) payments, benefits and other rights provided Executive under the Agreement or (B) as may be due Executive, during the period following the termination of his employment, under any employee benefit plan of the Company in accordance with
the terms of such plan. This Release is effective without regard to the legal nature of the claims raised and without regard to whether any such claims are based upon tort, equity, implied or express contract or discrimination of any sort. Except as
specifically provided herein, it is expressly understood and agreed that this Release shall operate as a clear and unequivocal waiver by Executive of any claim for accrued or unpaid wages, benefits or any other type of payment and (ii) the
repurchase by Language Line Holdings, LLC (“Holdings”) of 900,000 of your vested Class C Common Units of Holdings Units and 3,300,000 of your unvested Holdings, including but not limited to (A) the determination of fair market
value of the vested Class C Common Units and the Purchase Price paid for the repurchase of all such Class C Common Units and (B) all rights of Executive as a member of Holdings based on his ownership of such Class C Common Units that have been
repurchased by Holdings. 
 2. Executive expressly waives all rights afforded by any statute which limits the effect of a release with
respect to unknown claims. Executive understands the significance of his release of unknown claims and his waiver of statutory protection against a release of unknown claims. 
 3. Executive agrees that he will not be entitled to or accept any benefit from any claim or proceeding within the scope of this Release that is filed or
instigated by him or on his behalf with any agency, court or other government entity. 
 4. Executive further agrees and recognizes that he
has permanently and irrevocably severed his employment relationship with the Company, that he shall not seek employment with the Company or any affiliated entity at any time in the future, and that the Company has no obligation to employ him in the
future. 
 5. The parties agree and acknowledge that the Agreement, and the settlement and termination of any asserted or unasserted claims
against the Company and the Company Parties pursuant to this Release, are not and shall not be construed to be an admission of any violation of any federal, state or local statute or regulation, or of any duty owed by the Company or any of the
Company Parties to Executive. 
 6. Executive certifies and acknowledges as follows: 
 (a) That he has read the terms of this Release, and that he understands its terms and effects, including the fact that he has agreed to RELEASE AND
FOREVER DISCHARGE the Company and all Company Parties from any legal action or other liability of any type related in any way to the matters released pursuant to this Release other than as provided in the Agreement and in this Release; 

 

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 (b) That he has signed this Release voluntarily and knowingly in exchange for the consideration described
herein, which he acknowledges is adequate and satisfactory to him and which he acknowledges is in addition to any other benefits to which he is otherwise entitled; 
 (c) That he has been and is hereby advised in writing to consult with an attorney prior to signing this Release; 
 (d) That he does not waive rights or claims that may arise after the date this Release is executed or those claims arising under (i) the Agreement with respect to payments, benefits and other rights due Executive on the date of, or
during the period following, the termination of his Employment and (ii) any employee benefit plan of the Company, in accordance with the terms of such plan, as such plan relates to benefits to which Executive is entitled following the
termination of Executive’s employment; 
 (e) That the Company has provided him with a period of twenty-one (21) days within which
to consider this Release, and that Executive has signed on the date indicated below after concluding that this Release is satisfactory to him; 
 (f) That he has seven (7) calendar days after signing this Release within which to rescind this Release, in writing and delivered to the Company; and 
 (g) That at no time prior to or contemporaneous with his execution of this Release has he filed or caused or knowingly permitted the filing or maintenance, in any state, federal or foreign court, or before any local,
state, federal or foreign administrative agency or other tribunal, any charge, claim or action of any kind, nature and character whatsoever (“Claim”), known or unknown, suspected or unsuspected, which he may now have or has ever had
against the Company Parties which is based in whole or in part on any matter referred to in Section 1 above; and, subject to the Company’s performance under this Release, to the maximum extent permitted by law, Executive is prohibited from
filing or maintaining, or causing or knowingly permitting the filing or maintaining, of any such Claim in any such forum. Executive hereby grants the Company his perpetual and irrevocable power of attorney with full right, power and authority to
take all actions necessary to dismiss or discharge any such Claim. Executive further covenants and agrees that he will not encourage any person or entity, including but not limited to any current or former employee, officer, director or stockholder
of the Company, to institute any Claim against the Company Parties or any of them, and that except as expressly permitted by law or administrative policy or as required by legally enforceable order he will not aid or assist any such person or entity
in prosecuting such Claim. 
 7. Each of the Executive and the Company hereby waives his/its rights to a jury trial of any claim or cause of
action based upon or arising out of this Release or any dealings between such parties relating to the subject matter hereof. Each of the Executive and the Company also waives any bond or surety or security upon such bond which might, but for this
waiver, be required of the other party. The scope of this waiver is intended to be all-encompassing of any and all disputes that may be filed in any court and that relate to the subject matter of this Release, including, without limitation, contract
claims, tort claims, breach of duty claims, and all other common law and statutory claims. EACH OF THE EXECUTIVE AND THE COMPANY ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO THIS RELEASE, THAT EACH HAS ALREADY RELIED ON THIS
WAIVER IN ENTERING INTO THIS RELEASE AND THAT EACH WILL CONTINUE TO RELY ON 

  

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THIS WAIVER IN ITS RELATED FUTURE DEALINGS. Each of the Parties further represents and warrants that he or it has had an adequate opportunity to consider
this waiver and to consult with legal counsel with respect hereto, and that he or it knowingly and voluntarily waives its jury trial rights. This waiver shall apply to any subsequent amendments, renewals, supplements or modifications to this
Release. In the event of litigation, this Release may be filed as a written consent to a trial by the court. 
  

	B.	Cooperation. 

 1. Executive shall cooperate with the
Company and its subsidiaries in any internal investigation, any administrative, regulatory or judicial investigation or proceeding or any dispute with a third party (collectively, “Proceeding”) as reasonably requested by the Company
(including, without limitation, Executive being available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other
legal process, volunteering to the Company all pertinent information and turning over to the Company all relevant documents which are or may come into Executive’s possession, all at times and on schedules that are reasonably consistent with
Executive’s other permitted activities and commitments) and to the extent that such Proceeding arises from or relates in any way to facts or circumstances that existed prior to the termination of Executive’s employment (whether or not
known at the time of such termination of employment), acts or omissions taken by the Company or its subsidiaries prior to the termination of Executive’s employment or acts or omissions taken by Executive while employed by the Company.

 2. In the event the Company requires Executive’s cooperation in accordance with this Section B, the Company shall reimburse Executive
solely for reasonable travel expenses (including lodging and meals) upon submission of receipts and shall not unreasonably interfere with Executive’s schedule in any such request. 
  

	C.	Miscellaneous 

 1. This Release and the Agreement,
and any other documents expressly referenced therein, constitute the complete and entire agreement and understanding of Executive and the Company with respect to the subject matter hereof, and supersedes in its entirety any and all prior
understandings, commitments, obligations and/or agreements, whether written or oral, with respect thereto; it being understood and agreed that this Release and including the mutual covenants, agreements, acknowledgments and affirmations contained
herein, is intended to constitute a complete settlement and resolution of all matters set forth in Section 1 hereof. 
 2. The
invalidity or unenforceability of any provision of this Release shall not affect the validity or enforceability of any other provision of this Release, which shall otherwise remain in full force and effect. 
 3. This Release may be executed in separate counterparts, each of which shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. 
  

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 4. The obligations of each of the Company and the Executive hereunder shall be binding upon their
respective successors and assigns. The rights of each of the Company and the Executive and the rights of the Company Parties shall inure to the benefit of, and be enforceable by, any of the Company’s, the Executive’s and the Company
Parties’ respective successors and assigns. The Company may assign all rights and obligations of this Release to any successor in interest to the assets of the Company. 
 5. No amendment to or waiver of this Release or any of its terms shall be binding upon any party hereto unless consented to in writing by such party.

 6. ALL ISSUES AND QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS RELEASE SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAW RULES OR PROVISIONS (WHETHER OF THE STATE OF NEW YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION
HERETO OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK. 
 Intending to be legally bound hereby, Executive and the Company
executed the foregoing Release this 8th day of December 2006. 
  

	
	
	/s/ Matthew Gibbs
	Matthew Gibbs

  

	
	Witness:
	
	/s/ Jeffrey Grace
	Jeffrey Grace

  

			
	Language Line, Inc.
		
	By:	 	/s/ Dennis G. Dracup
		 	Name: Dennis G. Dracup
		 	Title: CEO

  

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 EXHIBIT A 
 1. Executive shall be entitled to severance payments in an aggregate amount equal to $45,937.50, which amount (a) represents the amount of salary that would be paid to Executive had Executive been employed for an additional two months
and (b) shall be paid to Executive in equal monthly installments at his current rate of salary, with the last payment being made on February 28, 2007. 
 2. Executive shall be entitled to receive the amount of the bonus for fiscal year 2006 (based on the Investment Plan Target and Investment Plan currently in effect for Executive) that Executive would have received if Executive had been
employed on December 31, 2006 and such bonus will be paid to Executive at the time that the Company pays a bonus for 2006 to the Chief Executive Officer of the Company. 
 3. Executive shall be entitled to receive the health benefits at the same level as currently provided to Executive as of the date hereof through December 31, 2007, with 100% of the premiums for such benefits to
be paid by the Company during such period. 
 4. Company shall extend coverage for Executive under its Directors and Officers insurance policy, through
December 31, 2007. 
  

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