Document:

Executive Officer Sales Incentive Comp. Plan

 Exhibit 10.5 
 Microtune, Inc. 
  
  
 Executive Officer 
 Sales Incentive 
 Compensation Plan 
  
  

  

	I.	Introduction 

 The purpose of the Executive Officer Sales
Incentive Compensation Plan (the “Plan”) is to aid Microtune, Inc. (“Microtune” or the “Company”) and its affiliates in rewarding the Vice President of Worldwide Sales (the “Executive”) by providing a
competitive incentive compensation opportunity based upon financial performance of the Company and a subjective assessment of individual performance. There are two plan periods per calendar year. The first plan period is January 1 through
June 30. The second plan period is July 1 through December 31. It is a pay for performance Plan rewarding global revenue achievement and individual design win success. The Board of Directors has authorized and approved the Plan, upon
the recommendation of the Compensation Committee, and the Chief Executive Officer has been given the authority to administer the Plan. 
  

	II.	Total Sales Incentive Compensation 

 The Vice President of
World Wide Sales will be eligible to earn incentive compensation based upon Microtune’s worldwide revenue and the design-win success of Microtune sales personnel and field applications engineers. These specific incentive factors will produce a
maximum payout target of 100% of base salary. 
  

	III.	Mix of Sales Incentive Compensation 

 Sales incentive
compensation will be determined as follows: 
 Sales Incentive Compensation 
  

			
	 Design-win Goal Compensation
	  	30%
		
	 Revenue Goal Compensation
	  	70%

  

	IV.	Sales Incentive Compensation Components 

 a) Revenue
Goal Compensation. Revenue goals will be based upon Company revenue consensus forecasts as described below: 
 The target revenue goal
(“Revenue Goal(s)”) is calculated as follows: 
  

	 	1.	The first quarter revenue goal is the average of the previous September through November consensus forecasts for the first quarter. 

  

	 	2.	The second quarter revenue goal is the average of the previous December through February consensus forecasts for the second quarter. 

  

	 	3.	The third quarter revenue goal is the average of the previous March through May consensus forecasts for the third quarter. 

  

	 	4.	The fourth quarter revenue goal is the average of the previous June through August consensus forecasts for the fourth quarter. 

 MICROTUNE, INC. EXECUTIVE OFFICER SALES INCENTIVE COMPENSATION PLAN 
  

 2 

 The first quarter and second quarter revenue goals
are then added to set the mid-year revenue goal. Similarly, the third quarter and fourth quarter revenue goals are then added to set the year-end revenue goal. The consensus forecasts described above are established by the Company’s operations
staff which makes the final determination regarding a particular forecast with the review and approval by the Company’s Chief Operating Officer and Chief Financial Officer. 
 The portion of the sales incentive compensation determined in accordance with the Revenue Goal (“Revenue Goal Compensation”) is calculated as
follows: 
 THRESHOLD: If actual Recorded Revenue (defined below) reaches at least 70% of the Revenue Goal for the applicable period, then
the Executive will be eligible for Revenue Goal Compensation for that Plan period. If this threshold is not met, however, Revenue Goal Compensation for that particular Plan period will be zero. 
 TARGET: “Target Revenue” is 100% of the applicable mid-year Revenue Goal or year-end Revenue Goal, as applicable. 
 Revenue Goal Compensation for a particular plan period is determined by the following formula: 
  

	 	•	 	 Annual base salary X 50% = “Raw RGC” 

  

	 	•	 	 Raw RGC X (Recorded Revenue/Target Revenue) = “Adjusted RGC” 

  

	 	•	 	 Adjusted RGC X 70% (Revenue Goal weighting) = “Final Revenue Goal Compensation” 

 The Company determines “Recorded Revenue” by application of U.S. GAAP accounting principles that are interpreted and applied by the
Company’s Finance Department on a consistent basis. 
 b) Design-win Goal Compensation: “Design Win” means a new or
existing customer has incorporated a Microtune Product into its product’s design as further defined below. 
 Points will be assigned for
target accounts which are identified in advance. The points allocated for the “Design-win Goals” (goals established for a future six month period) will equal 100 points for each Salesperson and FAE under the Plan and may be weighted by the
strategic significance of the account. 
 Fifty percent (50%) credit for a Design Win will be earned when: (1) the customer has
built and tested its own product using the Microtune product as specified in the applicable Design-win Goal, and is sufficiently satisfied with the performance such that no additional revisions of the customer’s product are believed to be
required before the customer starts production and (2) the other fifty percent (50%) will be earned after $50,000 in product sales have been recognized as Recorded Revenue. This second 50% must occur no later than the current Plan Period
plus two consecutive Plan Periods (total of 18 months). 
 Design-win Goal Compensation for a particular plan period is determined by the
following formula: 
  

	 	•	 	 Annual base salary X 50% = “Raw DGC” 

 MICROTUNE, INC. EXECUTIVE OFFICER SALES INCENTIVE COMPENSATION PLAN 
  

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	 	•	 	 Raw DGC X (Total points awarded to salespeople and FAE’s for design-win goal completion divided by the total number of salespeople and FAE’s included in
the Company’s Sales Incentive Compensation Plan expressed as an average percentage, but excluding all points awarded based on subjective goals) = “Adjusted DGC” 

  

	 	•	 	 Adjusted DGC X 30% (Design-win Goal weighting) = “Final Design-win Goal Compensation” 

 The Salespersons/FAE’s will identify specific design-win goals and the Vice President of Worldwide Sales will work with the Business Unit General
Managers to revise and agree upon the final strategic design-win opportunities and corresponding Design-win Goals. 
 These Design-win Goals
will be weighted and acknowledged by Executive, the Business Unit General Manager, and the CEO at the commencement of an applicable plan period, but in any event, no later than sixty (60) days after the commencement of an applicable six month
plan period. Once the Design-win Goals have been agreed upon by the Business Unit General Manager, Executive and the CEO, the Design-win Goals for that plan period will be fixed. 
 The Chief Executive Officer shall have the authority to make any determinations regarding Design Wins and Design-win Goal Compensation. 
  

	V).	Payment Schedule & Calculation 

 a) Executive must
be a current Company employee on the actual date of payment to be eligible for a payment under this Plan; provided, however, that if Executive is a current employee after sixty (60) days from the end of an applicable quarter, he shall be
eligible to receive a payment under this Plan for that applicable quarter or period. 
 b) If Executive is on Long-term Disability (after 90
consecutive days of disability and meeting the definition of disability), he will not be entitled to receive Sales Incentive Compensation during those Plan periods. 
 c) Design-win Goal Compensation payments will be made quarterly if they are achieved within the quarter. Revenue Goal Compensation payments will be paid within thirty (30) days of the end of the applicable plan
period. The Company will attempt to make all relevant payments within thirty (30) days from the end of each quarter and no later than sixty (60) days from the end of each quarter. 
 d) The plan is progressive and as such the revenue payout is based upon absolute revenue over the 6-month period. 
 MICROTUNE, INC. EXECUTIVE OFFICER SALES INCENTIVE COMPENSATION PLAN 
  

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	VI).	Other 

 a) Personal Taxes. Sales Incentive
Compensation paid under this Plan shall be subject to all applicable withholding and other employment taxes. 
 b) Plan Administration.
Administration of the Plan is the responsibility of the Chief Executive Officer. The Chief Executive Officer shall have the authority to interpret the Plan. 
 c) Disputes: Any disputes arising from this Plan will be reviewed by the Chief Executive Officer, who will make a recommendation to the Chair of the Compensation Committee for disposition. 
 d) Plan Changes: The Company reserves the right to modify or make changes to the Plan at any time. Any changes to the Plan must be approved by the
Compensation Committee of the Board of Directors. This Plan is not an employment contract and the Executive will remain an employee at will. 
 MICROTUNE, INC. EXECUTIVE OFFICER SALES INCENTIVE COMPENSATION PLAN 
  

 5Capital Support Agreement

 Exhibit 10.29 
 CAPITAL SUPPORT AGREEMENT 
 THIS CAPITAL SUPPORT AGREEMENT (this “Agreement”) is made as of
the 3rd day of December, 2007, by and between SEI Investments Company (the “Support Provider”) and SEI Liquid Asset Trust Prime Obligation Fund (the “Fund”). 
 W I T N E S S E T H: 
 WHEREAS, the Fund is an investment company registered with the
Securities and Exchange Commission in accordance with the Investment Company Act of 1940 (as amended, the “1940 Act”); 
 WHEREAS,
the Fund is a money market fund that seeks to maintain a stable net asset value of $1.00 per share using the Amortized Cost Method as defined in and in accordance with Rule 2a-7 promulgated under the 1940 Act (as amended, “Rule 2a-7”);

 WHEREAS, the Fund holds notes and other instruments (the “Notes”) issued by Cheyne Finance LLC and other structured investment
vehicles or conduits shown on Schedule A attached hereto (each, an “Issuer”); 
 WHEREAS, Rule 2a-7(c)(6)(ii) requires a money
market fund to “dispose of [a portfolio] security as soon as practicable consistent with achieving an orderly disposition of the security, ..., absent a finding by the board of directors that disposal of the portfolio security would not be in
the best interests of the money market fund (which determination may take into account, among other factors, market conditions that could affect the orderly disposition of the portfolio security)” upon the occurrence of certain events;

 WHEREAS, one or more of the events specified in Rule 2a-7(c)(6)(ii) have occurred with respect to certain of the Notes; 
 WHEREAS, a sale of the Notes under current market conditions is unlikely to result in the full recovery of the Fund’s investments, and may cause the
Fund to realize losses to the extent that it could no longer maintain a stable net asset value of $1.00 per share; 
 WHEREAS, the
Fund’s failure to maintain a stable net asset value of $1.00 per share could adversely affect the Support Provider’s proprietary mutual fund business, which would reduce the profits derived by the Support Provider from this line of
business and potentially injure the Support Provider’s goodwill and reputation; and 
 WHEREAS, the Board of Trustees of the Fund (each
a “Board”) will consider this Agreement in determining whether disposal of the Notes currently would be in the best interest of the Fund: 
 NOW, THEREFORE, in consideration of the above premises, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Support Provider hereby agrees as
follows: 
 1. Definitions. In addition to the terms defined elsewhere in this Agreement, the following terms have the meanings
indicated: 
 (a) “Amortized Cost Value” means, with respect to any Eligible Note held by the Fund, the value of that Eligible Note
as determined using the Amortized Cost Method in accordance with Rule 2a-7 on the relevant date. 

 (b) “Capital Contribution” means a cash contribution by the Support Provider to the Fund for
which the Support Provider does not receive any shares or other consideration from the Fund. 
 (c) “Contribution Event” means,
with respect to any Eligible Note held by any Fund, any of the following occurrences: 
  

	 	(i)	Any sale of the Eligible Note by the Fund for cash in an amount, after deduction of any commissions or similar transaction costs, less than the Amortized Cost Value of the Eligible
Note sold as of the date of settlement; 

  

	 	(ii)	Receipt of final payment on the Eligible Note in an amount less than the Amortized Cost Value of that Eligible Note as of the date such payment is received; or

  

	 	(iii)	Issuance of orders by a court having jurisdiction over the matter discharging the Issuer from liability for the Eligible Note and providing for payments on that Eligible Note in an
amount less than the Amortized Cost Value of that Eligible Note as of the date such payment is received. 

 The excess of the Amortized Cost
Value of the Eligible Notes subject to a Contribution Event over the amount received by the Fund in connection with such Contribution Event shall constitute the “Loss” on such Eligible Notes. 
 (d) “Eligible Notes” means the Notes held by the Fund as portfolio securities on the date hereof or any Replacement Notes other than Qualifying
New Securities. 
 (e) “Letter of Credit” means one or more letters of credit issued by the Letter of Credit Provider for the
benefit of the Fund in an aggregate amount equal to $1,500,000, and which shall terminate no sooner than the date set forth in Section 3(c)(iv) of this Agreement. 
 (f) “Letter of Credit Provider” means JP Morgan Chase Bank, NA., or any substitute provider whose obligations are rated as First Tier Securities as defined in paragraph (a)(12) of Rule 2a-7. 
 (g) “Maximum Contribution Amount” means one million five hundred thousand dollars ($1,500,000). 
 (h) “Minimum Permissible NAV” means $0.995. 
 (i) “NAV Deviation” means the deviation, if any, of the Fund’s current net asset value per share calculated using available market quotations (or an appropriate substitute that reflects current market
conditions) below the Fund’s price per share for purposes of distribution, redemption and repurchase of its shares calculated using the Amortized Cost Method. The NAV Deviation shall be calculated in accordance with procedures adopted by the
Fund’s Board in compliance with Rule 2a-7(c)(7)(ii)(A), except that, for purposes of calculating the Required Contribution Amount, it shall exclude any account receivable or other asset representing the Support Provider’s obligations under
this Agreement. 
 (j) “Permissible NAV Deviation” means $0.005. 
  

 -2- 

 (k) “Qualifying New Securities” means any Notes or Replacement Notes which are or become
“Eligible Securities,” as defined in paragraph (a)(10) of Rule 2a-7. 
 (1) “Replacement Notes” means any securities or
other instruments received in exchange for, or as a replacement of, the Notes as a result an exchange offer, debt restructuring, reorganization or similar transaction pursuant to which the Notes are exchanged for, or replaced with, new securities of
the Issuer or a third party. 
 (m) “Required Contribution Amount” means for the Fund on the date of any Contribution Event:
(i) if the Fund’s NAV Deviation, after giving effect to any Contribution Events and all payments received by the Fund in respect of the Eligible Notes, exceeds the Permissible NAV Deviation, a Capital Contribution in an amount sufficient
to reduce the Fund’s NAV Deviation to such Permissible NAV Deviation after giving effect to such Capital Contribution, or (ii), in any other event, zero. The Required Contribution Amount is intended to enable the Fund to maintain its net asset
value per share at no less than the Minimum Permissible NAV. 
 2. Covenants of the Fund. The Fund agrees that: 
 (a) To the extent consistent with the Fund’s interest, the Board shall consult with the Support Provider with respect to all decisions regarding each
Eligible Note (including, but not limited to, any decision to sell the Eligible Note or to forgo the right to any payment) prior to the occurrence of a Contribution Event with respect to that Eligible Note. Nothing in this Agreement shall be
construed to cause the delegation by the Board to any person any authority which is not permitted to be delegated under Rule 2a-7. 
 (b) The
Fund will retain any Capital Contribution and not include the Capital Contribution in any dividend or other distribution to the Fund’s shareholders. For the avoidance of doubt, for purposes of this subparagraph, the redemption of the
Fund’s shares shall not constitute a “distribution” to shareholders. 
 (c) The Fund will sell the Eligible Notes
(i) promptly following any change in the Letter of Credit Provider’s short term credit ratings such that the Letter of Credit Provider’s obligations no longer qualify as First Tier Securities as defined in paragraph (a)(12) of Rule
2a-7, or (ii) on the business day immediately prior to the date set forth in subparagraph 3(c)(iv); provided that, the Fund shall not be required to complete any such sale if the amount the Fund expects to receive would not result in the
payment of a Capital Contribution, or, with respect to an event described in 2(c)(i) above, if the Support Provider substitutes an obligation or credit support that satisfies the requirement of a First Tier Security within fifteen (15) calendar
days from the occurrence of such event and, during such 15 day period, the Letter of Credit Provider’s obligations continue to qualify as Second Tier Securities under paragraph (a)(22) of Rule 2a-7. 
 3. Contributions to Fund. 
 (a) If a
Contribution Event occurs prior to the occurrence of a Termination Event, the Support Provider will make a Capital Contribution in an amount equal to the least of (i) the Loss incurred as a result of such Contribution Event, (ii) the
Required Contribution Amount, or (iii) the Maximum Contribution Amount reduced by the amount of any Capital Contribution previously made by the Support Provider to the Fund. 
 (b) The Support Provider shall make the Capital Contribution to the Fund not later than one business day after the occurrence of a Contribution Event, by
12:00 noon, Eastern Time. Each Capital Contribution made hereunder shall be made in immediately available funds, 

  

 -3- 

 
without deduction, set-off or counterclaim, to the Fund. In the event that the Support Provider does not make a Capital Contribution when due, the Fund will
draw upon the Letter of Credit by 4:00 p.m. on the day that such Capital Contribution was required to have been made in an amount equal to the Capital Contribution that is due, and any amount received under such Letter of Credit shall be deemed to
be a Capital Contribution made hereunder by the Support Provider. 
 (c) The obligation of the Support Provider to make Capital Contributions
pursuant to this Agreement shall terminate upon the earliest to occur of (such occurrence, the “Termination Event”) (i) the repayment in full, in cash, of all Eligible Notes, (ii) the Support Provider having made Capital
Contributions equal to the Maximum Contribution Amount, (iii) the receipt of Replacement Notes for all of the Notes that are, or become, Qualifying New Securities, and (iv) 5:00 p.m. Eastern Time on December 1, 2008. Upon the
occurrence of a Termination Event, the Fund shall surrender the Letter of Credit for cancellation. 
 4. Reliance by the Fund and the
Board. The Support Provider acknowledges and consents to: 
 (a) The Board’s reliance on the Support Provider’s obligations
under this Agreement in making any determination required under Rule 2a-7; and 
 (b) For purposes of calculating the Fund’s NAV
Deviation, the inclusion of the Capital Contribution that would be payable to the Fund under this Agreement if all of the Eligible Notes were sold on the date of such calculation for the market value used to calculate such NAV Deviation; and

 (c) The inclusion of such amount in the Fund’s audited or unaudited financial statements, to the extent required by generally
accepted accounting principles. 
 5. Representations and Warranties. The Support Provider hereby represents and warrants that:

 (a) It is duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant
under such laws, in good standing; 
 (b) It has the power to execute this Agreement, to deliver this Agreement and to perform its
obligations under this Agreement and has taken all necessary action to authorize such execution, delivery and performance; 
 (c) Such
execution, delivery and performance do not violate or conflict with any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or
any contractual restriction binding on or affecting it or any of its assets; 
 (d) All governmental and other consents that are required to
have been obtained by it with respect to this Agreement to which it is a party have been obtained and are in full force and effect and all conditions of any such consents have been complied with; 
 (e) Its obligations under this Agreement to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their
respective terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of
whether enforcement is sought in a proceeding in equity or at law)); and 
  

 -4- 

 (f) Its obligations under this Agreement shall be supported by a Letter of Credit issued for the benefit
of the Fund and provided by the Letter of Credit Provider, which has obtained short-term credit ratings of A-1 from Standard & Poor’s, P-1 from Moody’s Investors Services and F-1 from Fitch Ratings. 
 6. General. 
 (a) The Fund may not
assign its rights under this Agreement to any person or entity, in whole or in part, without the prior written consent of the Support Provider. 
 (b) No waiver of any provision hereof or of any right or remedy hereunder shall be effective unless in writing and signed by the party against whom such waiver is sought to be enforced. No delay in exercising, no course of dealing with
respect to or no partial exercise of any right or remedy hereunder shall constitute a waiver of any other right or remedy, or future exercise thereof. 
 (c) If any provision of this Agreement is determined to be invalid under any applicable statute or rule of law, it is to that extent to be deemed omitted, and the balance of the Agreement shall remain enforceable.

 (d) Subject to the next sentence, all notices shall be in writing and shall be deemed to be delivered when received by certified mail,
postage prepaid, return receipt requested, or when sent by facsimile or e-mail confirmed by call back. All notices shall be directed to the address set forth under the party’s signature or to such other address as either party may from time to
time, designate by notice to the other party. 
 (e) No amendment, change, waiver or discharge hereof shall be valid unless in writing and
signed by the Support Provider and the Fund; provided that, in no event shall any amendment, change, waiver or discharge hereof extend the date set forth in Section 3(c)(iv), unless the parties hereto have obtained the prior approval of the
staff of the U.S. Securities and Exchange Commission. 
 (f) This Agreement shall be governed in all respects by the laws of the Commonwealth
of Pennsylvania without regard to its conflict of laws provisions. 
 (g) This Agreement constitutes the complete and exclusive statement of
all mutual understandings between the parties with respect to the subject matter hereof, superseding all prior or contemporaneous proposals, communications and understandings, oral or written. 
 (h) This Agreement is solely for the benefit of the Fund, and no other person shall acquire or have any rights under or by virtue of this Agreement.

 (i) This Agreement shall terminate upon the occurrence of any change in the Letter of Credit Provider’s short-term credit ratings
such that the Letter of Credit Provider’s obligations no longer qualify as First Tier Securities as defined in paragraph (a)(12) of Rule 2a-7, unless the Support Provider satisfies the terms of paragraph 2(c) of this Agreement relating to
arrangements for a substitute obligation or credit support. Termination under this Section 6(i) shall not relieve (i) the Funds of their obligation to sell the Eligible Notes, to the extent that such a sale is required by Section 2(c)
of this Agreement; or (ii) the Support Provider of its obligation to make a Capital Contribution to the Fund following such a sale, to the extent that such sale would give rise to a Contribution Event. 
  

 -5- 

 IN WITNESS WHEREOF, the Support Provider has caused this Capital Support Agreement to be executed this
3rd day of December, 2007. 
  

			
	SEI INVESTMENTS COMPANY
		
	By:	 	 /s/ Dennis J. McGonigle

	Name:	 	Dennis J. McGonigle
	Title:	 	Chief Financial Officer
	
	ADDRESS FOR NOTICES:
	
	 One Freedom Valley Drive
 Oaks, PA
19456

	
	SEI LIQUID ASSET TRUST PRIME OBLIGATION FUND
		
	By:	 	 /s/ Timothy D. Barto

	Name:	 	Timothy D. Barto
	Title:	 	Vice President
	
	ADDRESS FOR NOTICES:
	
	 One Freedom Valley Drive
 Oaks, PA
19456

  

 -6- 

 SCHEDULE A TO SUPPORT AGREEMENT 
  

							
	 Issuer
	  	Cusip	  	Par	  	Maturity
	 ASSCHER FINANCE CORP
	  	04539EAK7	  	6,590,000	  	7/16/08
	 AXON FINANCIAL
	  	05461FAA5	  	15,000,000	  	4/4/08
	 CARRERA
	  	14443EAN5	  	10,000,000	  	12/12/07
	 CHEYNE FINANCE
	  	16705EEM1	  	10,000,000	  	3/25/08
	 CULLINAN FINANCE
	  	23002RFT2	  	15,000,000	  	3/25/08
	 LIBERTY LIGHTHOUSE
	  	53070PRR1	  	10,000,000	  	6/23/08
	 LIQUID FUNDING
	  	5363A6CQ3	  	10,000,000	  	4/10/08
	 ISSUER ENTITY, LLC*
	  	68966HXXX	  	14,624,482	  	10/30/08
	 STANFIELD VICTORIA
	  	85431AJJ7	  	10,000,000	  	12/17/07
	 STANFIELD VICTORIA
	  	854s31AKE6	  	20,000,000	  	3/20/08

  

	*	These are notes received in the restructuring for Ottimo Funding, Ltd. 

  

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