Document:

Summary of Standard Director Compensation Arrangements

 EXHIBIT 10.24 
 MAGMA DESIGN AUTOMATION, INC. 
 Summary of Standard Director Compensation Arrangements for
Non-Employee 
 Directors 
 Description of Director Compensation (effective as of April 25, 2006) 
 Directors who are employees of Magma do not
receive separate compensation for service on the Board of Directors. Directors who are not employees of Magma receive a cash retainer of $25,000 per year and $2,500 per Board or committee meeting attended ($500 for teleconference meetings) for
services as a member of the Board of the Directors. In addition, the Chairman of the Audit Committee and the Chairman of the Compensation Committee each receive a fee of $10,000 per year; the other members of the Audit Committee receive a fee of
$5,000 per year, and the other members of the Compensation Committee receive a fee of $2,500 per year. Magma reimburses its non-employee Directors for out-of-pocket expenses incurred in attending meetings of the board or its Committees. 

Pursuant to the 2001 Stock Incentive Plan, which was approved by Magma’s stockholders, each non-employee director receives an initial stock
option grant to purchase 50,000 shares of Magma common stock upon appointment or election. The initial option vests as to 25% of the shares on the first anniversary of the date of grant with the remaining shares vesting monthly over the following
three years. Following the conclusion of each regular annual meeting of stockholders, each continuing non-employee director receives an additional option to purchase 20,000 shares at an exercise price equal to the fair market value of the common
stock on the date of grant. When a non-employee director is appointed to the Board of Directors at a time other than at an annual meeting, such director receives a pro rata portion of the 20,000 share grant. The annual grants and the interim grants
vest in full on the day immediately prior to the annual meeting of stockholders in the year immediately following the year of the grant if the director continues as a member of the Board on that date. All options will vest fully upon a change in
control of Magma, as set forth under the 2001 Stock Incentive Plan.Summary of Compensation Arrangement for Certain Executive Officers

 EXHIBIT 10.27(a) 
 MAGMA DESIGN AUTOMATION, INC. 
 Summary of Compensation Arrangement for Certain Executive Officers

 Exhibit 10.27(b) lists the executives for which this Exhibit 10.27(a) applies. In addition, Exhibit 10.27(b) sets forth the annualized base salary and
target bonus percentage for such named executive officers. Additional employees other than the executives set forth in Exhibit 10.27(b) may have the same or similar compensation as set forth in this Exhibit 10.27(a) and in Exhibit 10.27(b).

 Description of Compensation for Certain Executive Officers 
 Each such executive officer’s compensation package consists of three elements: 
  

	 	•	 	 base compensation, which compensates for the underlying job; 

  

	 	•	 	 variable or bonus compensation, which rewards based on the achievement of financial and individual performance goals; and 

  

	 	•	 	 equity-based incentive compensation, which rewards for Magma’s growth and increased stockholder value. 

 In addition to the above, each such executive officer is eligible to participate in various employee benefit plans, including (without limitation) 401(k)
plans , life, disability, health, accident and other insurance programs, paid vacations, and similar plans or programs, subject in each case to the generally applicable terms and conditions of the applicable plan or program. 
 Each such executive officer’s employment is at-will. 
 Employment, Severance and Change of Control Agreements 
 Magma does not have formal employment or severance agreements with
any of the executive officers set forth in Exhibit 10.27(b) except that Magma has agreed to pay to Mr. Peter S. Teshima a severance amount equal to six months’ of Mr. Teshima’s initial annual base salary (which initial
annual base salary was $200,000.00) if Mr. Teshima’s employment with Magma is involuntarily terminated without Cause. Such executive officers are parties to stock option agreements that provide for acceleration of vesting upon specified
events.Schedule of Certain Executive Officers

 EXHIBIT 10.27(b) 
 MAGMA DESIGN AUTOMATION, INC. 
 Schedule of Certain Executive Officers for the Summary of Compensation
Arrangement set forth in Exhibit 
 10.27(a) 
 The compensation arrangements for the below listed executives are set forth in Exhibit 10.27(a). 
  

									
	 Name
	 	 Title
	 	 Annualized Base Salary
 For Fiscal Year 2008
	 	 Target Bonus
 Percentage
	 
	 Rajeev Madhavan
	 	Chief Executive Officer and Chairman of the Board	 	$	475,000	 	90	%
	 Roy E. Jewell
	 	President and Chief Operating Officer and Director	 	$	475,000	 	90	%
	 Saeid Ghafouri
	 	Corporate Vice President, Field Operations	 	$	330,000	 	120	%
	 Peter S. Teshima
	 	Corporate Vice President-Finance and Chief Financial Officer	 	$	300,000	 	60	%
	 David H. Stanley
	 	Corporate Vice President, Corporate Affairs & Secretary	 	$	290,000	 	60	%
	 Gregory C. Walker*
	 	Former Senior Vice President-Finance and Chief Financial Officer	 	 	0	 	0	 

	*	Mr. Walker resigned as Senior Vice President-Finance and Chief Financial Officer on April 27, 2006.Amendment Number One to Lease for corporate headquarters

 EXHIBIT 10.30 
 AMENDMENT NUMBER ONE 
 TO OFFICE LEASE AGREEMENT 
 This AMENDMENT NUMBER ONE (the “Amendment”) dated as of January 24, 2007 (the “Amendment Effective Date”) amends that certain OFFICE LEASE
AGREEMENT (the “Lease”) entered into and effective on June 19, 2003 (the “Effective Date”), to which MARVELL TECHNOLOGY, INC., a Delaware corporation (“Marvell”), became the owner of landlord’s
interest in the lease between 3COM CORPORATION, a Delaware corporation, and MAGMA DESIGN AUTOMATION, INC., a California corporation, having its principal place of business at 5460 Bayfront Plaza, Santa Clara, CA 95052 (“Tenant”).
Marvell and Tenant are each a “party” and, collectively, are the “parties” to this Amendment. All terms not defined herein shall have the meanings ascribed to such terms in the Lease. 
 RECITALS 
 WHEREAS, Marvell became
owner of the landlord’s interest in the Lease effective August 18, 2003; 
 WHEREAS, Marvel and Tenant desire to modify the Lease
to provide for early termination; and, 
 WHEREAS, the parties intend to republish each and every other term of the Lease subject to the
amendments set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing premises and mutual covenants set forth herein and in the
Lease, the parties hereby agree to the following: 
 1. Amendment to Summary Section 3.1: Summary section 3.1 which currently establishes the
length of lease term as follows: the language “subject to extension under Section 2.2 for one (1) Extended Term of five (5) years” is deleted in its entirety. 
 2. Amendment to Summary Section 3.3: Summary section 3.3 which currently establishes the Lease Expiration Date as follows: “July 31, 2010, subject to extension under Section 2.2 for one
(1) Extended Term of five (5) years” is deleted in its entirety and replaced with the following: 
 “March 9, 2007 with
respect to all Tenant occupied areas except for the Data Center and associated support rooms on the first floor (the “Modified Lease Expiration Date”). Tenant shall continue to occupy said Data Center and associated support rooms as shown
on Exhibits C and C-1 attached hereto and incorporated herein by reference through the original Lease Expiration Date of July 31, 2010.” 
 3. Amendment to Summary Section 4: Summary section 4 which currently establishes the Base Rent due under Article 3 is amended as follows: 
  

				
	 Months
	  	Monthly Installment
of Base Rent
	 40 through 43
	  	$	154,383.46
	 44 through 84
	  	$	0.00

 Notwithstanding the foregoing, it is understood and agreed by the parties that as of the Amendment Effective Date herein,
Tenant has paid all Monthly Installments of Base Rent due under the Lease and this Amendment. 
 4. Amendment to Summary Section 8: Summary
section 8 which currently establishes the parking ratio as follows: “Approximately three and three tenths (3.3) unreserved parking spaces for every 1,000 square feet of the Premises” is deleted in its entirety and replaced with the
following: 
 “Ten unreserved parking spaces”. 
 5. Amendment to Article 2.2: Section 2.2 which establishes the Option to Extend is hereby deleted in its entirety. 
 6. Amendment to
Article 3: Article 3 which currently establishes the Free Rent Period which currently establishes the Free Rent Period is amended as follows: Insert at the end of the first full paragraph: 
 “Subject to the foregoing provisions, Tenant’s obligation to pay Base Rent will terminate after February 1, 2007, and Tenant shall not be
responsible for the payment of Base Rent thereafter (the “Rent Termination Date”). Should Tenant fail to vacate or holds over after the Modified Lease Expiration Date, with or without the express or implied consent of the Landlord, such
tenancy shall be from month-to-month only, and in such case Rent shall be payable pursuant to the original Base Rent Schedule in Summary Section 4.” 
 7. Amendment to Article 4.1: Article 4. which currently establishes Tenant’s obligation to pay Additional Rent is amended as follows: Insert at the end of the first full paragraph: 
 “Subject to the foregoing provisions, and save for the obligations under Section 4.5.1, Tenant shall not be obligated to pay Additional Rent
after the Rent Termination Date including any Additional Rent that may be due or may become due pursuant to Section 4.4, “Calculation and Payment of Additional Rent”, or under any other provision of the Lease. Additional Rent paid
through the effective date herein, shall be considered full and final payment of all Additional Rent payment obligations by the Tenant under the Lease and this Amendment. 
 8. Amendment to Article 6.2: Article 6.2 which currently establishes the Tenant’s obligation to pay utilities is amended as follows: Insert at the end of the first full sentence: 
 “Tenant, at its sole expense, shall use all commercially reasonable efforts to arrange for a separate electrical meter for the first floor Data
Center and associated support rooms (the “Data 

  

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Center Meter”) and shall be solely responsible for all utility and other charges related thereto. Except for utilities and other charges directly
related to the Data Center Meter, Landlord shall contract directly with utility providers for all other Building utilities (including but not limited to electricity, gas and water). In the event installation of the Data Center Meter is either
(i) not physically feasible, or (ii) is not permitted by building codes, Tenant may either (a) install a separate meter on the electrical panels feeding the main computer rooms within the Data Center (the “Panel Meter”).
Landlord will then contract for all Building electricity and Tenant shall reimburse Landlord for all excess electrical usage attributed to the Data Center and associated support rooms by the Panel Meter or (b) reimburse Landlord for the
Baseline Electricity usage as measured after Tenant’s personnel has vacated the building and prior to Landlord’s reoccupation.” 
 9.
Amendment to Article 8.1: Article 8.1 which currently establishes Landlord’s Consent to Alterations is amended as follows: Insert at the end of the paragraph: 
 “Subject to the provisions of this Article 8, Tenant shall alter the access to the Data Center and associated areas in such a manner to ensure that the areas are properly separated and secured from the remainder
of the tenantable space. Tenant shall bear any and all expenses related to such separation.” 
 10. Amendment to Article 8.5: Article 8.5, which
currently establishes Tenant’s requirement to remove and restore the premises including the conditions under which any Tenant Alterations or Tenant fixtures and Equipment will become Landlord’s property, is hereby deleted in its entirety.

 11. Amendment to Article 15.2: Article 15.2 which currently establishes the surrender of the premises and removal of all alterations, fixtures and
equipment upon termination is hereby deleted in its entirety and replaced with the following: 
 “(a) Upon the expiration of the Modified
Lease Expiration Date, Tenant shall, subject to the provisions of Articles 15 and 29, quit and surrender possession of the Premises, except for the Data Center and associated support rooms, to the Landlord. Landlord agrees to accept the Premises in
an ‘as is’ condition, and Tenant shall not be required to remove or restore or cause to be removed or restored any permanent Alterations, fixtures, or equipment. Upon such expiration or at any time earlier and save for that Personal
Property described in Exhibit A, attached hereto and incorporated herein by reference., Tenant shall have the right to remove all property and equipment purchased and/or owned by the Tenant including all furniture, equipment, business and
trade fixtures, free-standing cabinet work, movable partitions and other articles of personal property owned, installed or placed by Tenant at its expense in the Premises. Additionally, Tenant is allowed to remove all the Landlord Personal Property
listed in Exhibit B, attached hereto and incorporated herein by reference. Such Landlord Personal Property shall be owned by Tenant, and Landlord hereby transfers all its right, title and interest in and to such Landlord Personal Property to
Tenant on or before the Modified Lease Expiration Date. 
 Any Tenant Personal Property, including furniture, furnishings and equipment listed in Exhibit
A shall be owned by Landlord upon the Expiration of the Lease Term and Tenant hereby transfers all its right, title and interest in and to such Tenant Personal Property to Landlord effective July 31, 2010.” 
  

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 (b) Upon the expiration of the Lease Term, Tenant shall, subject to the provisions of this Article 15,
quit and surrender possession of the Data Center and associated support rooms, to the Landlord. Landlord agrees to accept the Premises in an ‘as is’ condition, and Tenant shall not be required to remove or restore or cause to be removed or
restored any permanent Alterations, fixtures, or equipment. Upon such expiration or at any time earlier, Tenant shall have the right to remove all property and equipment purchased and/or owned by the Tenant including all furniture, equipment,
business and trade fixtures, free-standing cabinet work, movable partitions and other articles of personal property owned, installed or placed by Tenant at its expense in the Premises except for those articles described in Exhibit A.

 12. Amendment to Article 21.2: Article 21.2, which currently establishes the terms of Tenant’s irrevocable letter of credit, is amended as
follows: Insert at the end of the paragraph: 
 “Notwithstanding anything to the contrary in this Article 21, Tenant shall not be
required to renew its existing Letter of Credit. Upon Tenant’s vacation of the Premises pursuant to the Modified Lease Expiration Date, Marvell shall release Tenant’s current Letter of Credit as provided under this Article 21.2.”

 13. Amendment to Article 29: Article 29, which currently establishes Tenant’s right to purchase the existing Personal Property as follows:
“So long as this Lease is not terminated due to any default beyond applicable notice and cure periods by the Tenant, then Tenant shall be entitled to purchase the Personal Property from Landlord concurrently with the expiration of the Lease
Term for Ten Dollars ($10.00); provided, however that Tenant shall not be entitled to purchase the generators or power screens included in the Personal Property. If Tenant is not entitled to purchase the Personal Property or elects not to do so,
then upon the expiration or earlier termination of this Lease, Tenant shall return the Personal Property to Landlord in its condition existing as of the Effective Date, reasonable wear and tear excepted” is deleted in its entirety and is
replaced with the following language: 
 “Except for Tenant’s Personal Property in the Data Center and associated support rooms
(collectively, the “Data Center Personal Property”), and Landlords Property listed in the attached Exhibit B, upon the termination of the lease pursuant to the Modified Lease Expiration Date, Tenant shall return the Personal
Property to Landlord in its condition existing as of the Effective Date, reasonable wear and tear excepted. 
 14. No Further Amendments. The parties
agree that, except as otherwise provided for in this Amendment, each and every other term and condition of the Agreement, including the exhibits thereto, shall remain in full force and effect for the term set forth in the Agreement, as amended by
Sections 1 through 12 of this Amendment. Unless the context otherwise expressly requires, all words, capitalized terms and expressions used in this Amendment shall have the same meaning as assigned to them in the Lease, as the context requires. In
the event of any conflict between this Amendment and the terms of the Lease with respect to the subject matter herein, the provisions of this Amendment shall prevail. 
  

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 IN WITNESS WHEREOF, Tenant and Marvell, respectively, have caused this Amendment to be duly executed in
duplicate on their behalf to be effective as of the Amendment Effective Date. 
  

			
	 MARVELL TECHNOLOGY, INC.

		
	 By:
	 	  

	 Title:
	 	  

	 Date:
	 	  

	
	 MAGMA DESIGN AUTOMATION, INC.

		
	 By:
	 	  

	 Title:
	 	  

	 Date:
	 	  

  

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 EXHIBIT A 
 TENANT PROPERTY 
 1) One (1) 1500 kw Cummins Power Generator diesel driven generator, model year 2006.

 2) One (1) 150 kw Cummins Life Safety generator. 
  

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 EXHIBIT B 
 LANDLORD PROPERTY 
 1) Nine (9) small square metal tables currently located in the cafeteria. 
 2) Eight (8) small round metal tables currently located in the cafeteria. 
 3) Sixty Eight (68) cafeteria chairs. 
 4) Five (5) bar stools currently located in cafeteria. 
 5) Four (4) leather lounge chairs in the reception area with two (2) side tables. 
  

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 EXHIBIT C 
 FIRST FLOOR DATA CENTER 
 First Floor Data Center is contained within the shaded area as depicted in
Exhibit C-1 attached hereto and incorporated herein. 
  

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 EXHIBIT C-1 
 FIRST FLOOR DATA CENTER AREA

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