Document:

auto_ex101

	

	Exhibit 10.1

 

  

	
 

 

AutoWeb, Inc.

400 North Ashley Dr., Suite 300

Tampa, FL 33602

Phone: (949) 225-4500

www.autoweb.com

	

Sara
Partin

SVP, Chief People Officer

Direct Line: 949.862.3069

sara.partin@autoweb.com

  

 

November
16, 2020

 

Michael
Sadowski

[PERSONAL
RESIDENCE ADDRESS REDACTED]

 

 

Re:
Offer of Employment

 

 

Dear
Michael:

 

This
letter confirms the terms and conditions upon which AutoWeb, Inc.,
a Delaware corporation (“Company”) is offering employment
to you. Note that this offer of employment and your employment by
the Company is contingent upon (i) approval of the terms of this
offer and your appointment as an officer of the Company by the
Company’s board of directors and (ii) various conditions and
requirements that must be completed prior to commencement of
employment, which conditions and requirements are set forth
below.

 

1.           Employment.

 

(a)           Effective
as of the date you commence employment with the Company
(“Commencement
Date”), which date is anticipated to be November 30,
2020,
the Company will employ you in the capacity set forth on the
Exhibit A attached hereto (“Offer Letter Schedule”). In such
capacity, you will report to such person or persons as may be
designated by the Company from time to time.

 

 

 

 

(b)           Your
employment is at will and not for a specified term and may be
terminated by the Company or you at any time, with or without cause
or good reason and with or without prior, advance notice. This
“at-will” employment status will remain in effect
throughout the term of your employment by the Company and cannot be
modified except by a written amendment to this offer letter that is
executed by both parties (which in the case of the Company, must be
executed by the Company’s Chief Legal Officer) and that
expressly negates the “at-will” employment
status.

 

2.           Compensation,
Benefits and Expenses. As compensation for the services to be
rendered by you pursuant to this agreement, you will receive the
payments and be entitled to participate in the benefits set forth
below, subject to the terms and conditions set forth below or in
such payment or benefit plans or arrangements. If at any time a
conflict between anything in this letter and the applicable benefit
plan arises, the terms of the benefit plan controls. Your
compensation and benefits shall be paid or made available in
accordance with the Company’s normal payroll and other
practices and policies of the Company.

 

(a)           The
Company hereby agrees to pay you a base salary as set forth on the
Offer Letter Schedule.

 

(b)           You
shall be eligible to participate in annual incentive compensation
plans, if any, that may be adopted by the Company from time to time
and that are (i) afforded generally to persons employed by the
Company at your employment level and position, geographic location
and applicable department or operations within the Company (subject
to the terms and conditions of any such annual incentive
compensation plans); or (ii) that are developed and adopted
specifically for you. Should such an annual incentive
compensation plan be adopted for any annual period, your target
annual incentive compensation opportunity will be as established by
the Company for each annual period, which may be up to a percentage
set forth on the Offer Letter Schedule of your annualized rate
(i.e., 24 X Semi-Monthly Rate) based on achievement of objectives
specified by the Company each annual incentive compensation period
(which may include Company-wide performance objectives; divisional,
department or operations performance objectives and/or individual
performance objectives, allocated between and among such
performance objectives as the Company may determine) and subject to
adjustment by the Company based on the Company’s evaluation
and review of your overall individual job performance in the sole
discretion of the Company. Specific annual incentive compensation
plan details, target incentive compensation opportunity and
objectives for each annual compensation plan period will be
established each year. Awards under annual incentive plans may be
prorated by the Company in its discretion for a variety of factors,
including time employed by the Company during the year, adjustments
in base compensation or target award percentage changes during the
year, and unpaid time off. You understand that the Company’s
annual incentive compensation plans, their structure and
components, specific target incentive compensation opportunities
and objectives, the achievement of objectives and the determination
of actual awards and payouts, if any, thereunder are subject to the
sole discretion of the Company. Awards, if any, under any annual
incentive compensation plan shall only be earned by you, and
payable to you, if you remain actively employed by the Company
through the date on which award payouts are made by the Company
under the applicable annual incentive compensation plan. You will
not earn any such award if your employment ends for any reason
prior to that date.

 

(c)           You
shall be entitled to participate in such ordinary and customary
benefits plans afforded generally to persons employed by the
Company at your employment position and level and geographic
location (subject to the terms and conditions of such benefit
plans, your enrollment in the plans and making of any required
employee contributions required for your participation in such
benefits, your ability to qualify for and satisfy the requirements
of such benefits plans). Upon commencement of employment with the
Company, you will begin accruing vacation under the Company’s
vacation accrual policy at the rate set forth on the Offer Letter
Schedule. Accrual of vacation is subject to a limitation on accrual
as set forth in the Company’s vacation accrual
policy.

 

(d)           You
are solely responsible for the payment of any tax liability that
may result from any compensation, payments or benefits that you
receive from the Company. The Company shall have the right to
deduct or withhold from the compensation due to you hereunder any
and all sums required by applicable federal, state, local or other
laws, rules or regulations, including, without limitation federal
and state income taxes, social security or FICA taxes, and state
unemployment taxes, now applicable or that may be enacted and
become applicable during your employment by the
Company.

 

(e)           Upon
termination of your employment by either party, whether with or
without cause, you will be entitled to receive only that portion of
your compensation, benefits, reimbursable expenses and other
payments and benefits required by applicable law or by the
Company’s compensation or benefit plans, policies or
agreements in which you participate and pursuant to which you are
entitled to receive the compensation or benefits thereunder under
the circumstances of and at the time of such termination (subject
to and payable in accordance with the terms and conditions of such
plans, policies or agreements).

 

 

 

 

 

3.           

Pre-Hire Conditions
and Requirements. You
have previously submitted an Application for Employment and a
Consent to Conduct a Background Check. This offer of employment and
your employment by the Company is contingent upon various
conditions and requirements for new hires that must be completed
prior to commencement of employment. These conditions and
requirements include, among other things, the
following:

(i)

Successful
completion of the Company’s background check.

  

(ii)

Your acceptance,
execution and delivery of this offer letter together with the
Company’s Employee Confidentiality Agreement and Mutual
Agreement to Arbitrate, the forms of which accompany this offer
letter and which are hereby incorporated herein by reference.
Please sign this offer letter and these other documents and return
the signed original documents to the Company’s Human
Resources Department. 

  

(iii)

Your execution and
delivery of your acknowledgment and agreement to the
Company’s Employee Handbook
and the various policies included therein, Securities Trading
Policy, and Code of Conduct and Ethics. Upon your acceptance of
this offer letter, you will be provided instructions how to access
online, sign and return these documents.

(iv)

Your compliance
with all applicable federal and state laws, rules, regulation and
orders, including (1) your
execution and delivery of an I-9 Employment Eligibility
Verification together with complying verification documents; and
(2) your execution and delivery of a W-4 Employee’s
Withholding Allowance Certificate. Upon your acceptance of this
offer letter, you will be provided instructions how to access
online, sign and return these documents.

The
documents referenced in Sections 3(ii), (iii) and (iv) above are
referred to herein as the “Standard Employee
Documents.”

 

4.            

Amendments and
Waivers. This agreement may be amended, modified,
superseded, or cancelled, and the terms and conditions hereof may
be waived, only by a written instrument signed by the parties
hereto or, in the case of a waiver, by the party waiving
compliance. No delay on the part of any party in exercising any
right, power, or privilege hereunder will operate as a waiver
thereof, nor will any waiver on the part of any party of any right
hereunder, nor any single or partial exercise of any rights
hereunder, preclude any other or further exercise thereof or the
exercise of any other right hereunder.

 

5.            

Notices. Any
notice required or permitted under this agreement will be
considered to be effective in the case of (i) certified mail, when
sent postage prepaid and addressed to the party for whom it is
intended at its address of record, three (3) days after deposit in
the mail; (ii) by courier or messenger service, upon receipt by
recipient as indicated on the courier's receipt; or (iii) upon
receipt of an Electronic Transmission by the party that is the
intended recipient of the Electronic Transmission. The record
addresses, facsimile numbers of record, and electronic mail
addresses of record for you are set forth on the signature page to
this agreement and for the Company as set forth in the letterhead
above and may be changed from time to time by notice from the
changing party to the other party pursuant to the provisions of
this Section 5. For purposes of this Section 5, "Electronic Transmission” means a
communication (i) delivered by facsimile, telecommunication or
electronic mail when directed to the facsimile number of record or
electronic mail address of record, respectively, which the intended
recipient has provided to the other party for sending notices
pursuant to this Agreement and (ii) that creates a record of
delivery and receipt that is capable of retention, retrieval, and
review, and that may thereafter be rendered into clearly legible
tangible form.

  

6.            

Choice of
Law. This agreement, its construction and the determination
of any rights, duties or remedies of the parties arising out of or
relating to this agreement will be governed by, enforced under and
construed in accordance with the laws of the State of California,
regardless of the laws that might otherwise govern under applicable
principles of conflicts of laws of such state.

 

7.            

Severability.
Each term, covenant, condition, or provision of this agreement will
be viewed as separate and distinct, and in the event that any such
term, covenant, condition or provision will be deemed to be invalid
or unenforceable, the arbitrator or court finding such invalidity
or unenforceability will modify or reform this agreement to give as
much effect as possible to the terms and provisions of this
agreement. Any term or provision which cannot be so modified or
reformed will be deleted and the remaining terms and provisions
will continue in full force and effect.

  

8.            

Interpretation.
Every provision of this agreement is the result of full
negotiations between the parties, both of whom have either been
represented by counsel throughout or otherwise been given an
opportunity to seek the aid of counsel. No provision of this
agreement shall be construed in favor of or against any of the
parties hereto by reason of the extent to which any such party or
its counsel participated in the drafting thereof. Captions and
headings of sections contained in this agreement are for
convenience only and shall not control the meaning, effect, or
construction of this agreement. Time periods used in this Agreement
shall mean calendar periods unless otherwise expressly
indicated.

 

9.           

Entire
Agreement. This Agreement, together with the Standard
Employee Documents, is intended to be the final, complete and
exclusive agreement between the parties relating to the employment
of you by the Company and all prior or contemporaneous
understandings, representations and statements, oral or written,
are merged herein. No modification, waiver, amendment, discharge or
change of this agreement shall be valid unless the same is in
writing and signed by the party against which the enforcement
thereof is or may be sought.

 

10.         

Counterparts;
Facsimile or PDF Signature. This agreement may be executed
in counterparts, each of which will be deemed an original hereof
and all of which together will constitute one and the same
instrument. This agreement may be executed by facsimile or PDF
signature by either party and such signature shall be deemed
binding for all purposes hereof, without delivery of an original
signature being thereafter required.

 

 

 

 

This
offer shall expire five (5) calendar days from the date of this
offer letter. Should you wish to accept this offer and its terms
and conditions, please confirm your understanding of, agreement to,
and acceptance of the foregoing by signing and returning to the
undersigned the duplicate copy of this offer letter enclosed
herewith.

 

AUTOWEB,
INC.

 

 

 

 

By:
/s/ Sara
Partin                                                                

Sara
Partin

Senior
Vice President,

Chief
People Officer

Accepted
and Agreed

as of
the date

first
written above:

 

 

 

/s/ Michael Sadowski

Michael
Sadowski

[PERSONAL
RESIDENCE ADDRESS REDACTED]

  

 

 

 

 

 

Exhibit A

Offer Letter Schedule

 

 

Employment Capacity/Title: EVP, Chief Financial Officer

 

Employment Commencement Date: November 30, 2020

 

Base Salary: Semi-Monthly Rate of Thirteen Thousand Nine
Hundred Fifty-Eight Dollars and Thirty-Three Cents ($13, 958.33)
which equates to an annualized rate of approximately Three Hundred
Thirty-Five Thousand Dollars ($335,000).

 

Annual Incentive Compensation Target: 55%.

 

Stock Options: 120,000. Priced at closing price of common
stock on The Nasdaq Capital Market on employment commencement date.
Stock Options shall be granted as inducement options under
NASDAQ.

 

Vacation Accrual Rate: Vacation
accrues at a rate equal to 3 weeks (120 hours for full-time
employees) per year (5 hours per pay period).

 

 

 

	

    /s/
MS

Employee Initials

	
    /s/ SP

Company
InitialsDocument

Exhibit 10.19

F5 NETWORKS, INC. 
2014 INCENTIVE PLAN 
AWARD AGREEMENT
(Accelerated Vesting)

Pursuant to the terms of its 2014 Incentive Plan (the “Plan”), F5 Networks, Inc., a Washington corporation (the “Company”), has granted you an award (the “Award”) (either a non-statutory stock option to purchase shares of the Company’s Common Stock (an “Option”) or stock units representing the right to receive shares of the Company’s Common Stock (“Stock Units”) as set forth in the Notice of Grant of Stock Options or Stock Units (the “Grant Notice”)) on the terms and conditions as set forth in this 2014 Incentive Plan Award Agreement (this “Agreement”), the Grant Notice (which is incorporated herein by reference) and the Plan (which is incorporated herein by reference).  Capitalized terms used but not defined in this Agreement shall have the meanings specified in the Plan.
IN CONSIDERATION OF THE MUTUAL PROMISES SET FORTH BELOW, THE PARTIES AGREE AS FOLLOWS:
1.    Grant of Award; Grant Date.  The Company has granted you an Award to purchase (in the case of an Option) or to be issued (in the case of Stock Units) the total number of shares of Common Stock of the Company as set forth in the Grant Notice (the “Award Shares”) on the terms and conditions set forth in this Agreement, the Grant Notice and the Plan, including in the case of an Option at the exercise price per share of Common Stock set forth in the Grant Notice (the “Award Price”).  The number and kind of Award Shares and the Award Price may be adjusted in certain circumstances in accordance with Section 15 of the Plan.
2.    Vesting and Exercise or Settlement of Stock.
2.1.    Options.
(a)    The Option will vest and become exercisable during its term in accordance with the vesting schedule set forth in the Grant Notice and with the applicable provisions of the Plan and this Agreement.  Vesting will cease upon the termination of your Continuous Service except as otherwise set forth in the Plan or this Agreement.
(b)    The vested and exercisable portion of the Option may be exercised during its term (as set forth in Section 6) electronically as directed by the Company or by delivering a Notice of Exercise (in a form designated by the Company), together with the Award Price (payable in the manner set forth in Section 3) to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours, together with such additional documents as the Company may then require.
(c)    By exercising the Option, you agree that, as a condition to any exercise of the Option, the Company may require you to enter an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of the Option or (2) the disposition of shares acquired upon such exercise.
2.2.    Stock Units.  The Stock Units will be settled as to the number of shares vesting on each date that Stock Units vest (a “Vesting Date”) as soon as practicable after such Vesting Date, meaning that the Company will (subject to your obligations to satisfy the requirements of Sections 5 and 9) issue to you as soon as practicable after such Vesting Date the number of shares vesting on such Vesting Date and the Award will thereafter remain in effect only as to the number of unvested shares of Common Stock remaining subject thereto.  
2.3.    Accelerated Vesting.  Notwithstanding the vesting provisions set forth in the Grant Notice and in lieu of Section 15(c) of the Plan, in the event of a “Change of Control” as defined in the Change of Control Agreement form filed with the Securities and Exchange Commission by the Company on May  4, 2009 as an exhibit to the Company’s Form 8-K (“Change of Control”), the vesting of 100% of the shares of Common Stock subject to the Award (and if applicable, the time during which the Award may be exercised or settled) shall be accelerated in full, and to the extent the Award is not continued in connection with the Change of Control because it is either not assumed or not substituted for similar awards of a surviving or acquiring entity, the Award shall 

terminate if not exercised at or prior to the closing of the Change of Control provided an opportunity to exercise the Award (or a cashout of the Award for the excess of the fair market value reflecting the Change of Control over the exercise price) has been provided.
3.    Method of Payment of the Option Award Price.  Payment of the Award Price is due in full upon exercise of all or any part of the Option.  You may elect to make payment of the Award Price by any of the methods, or combination thereof, described in the Plan, provided that the Board may, in its sole discretion, refuse to accept a particular form of consideration at the time of exercise of any Option, or agree to accept any other form of legal consideration.
4.    Whole Shares.  The Award may only be exercised or settled for whole shares.
5.    Compliance with Law.  Notwithstanding anything to the contrary contained herein, the Award may not be exercised or settled unless the shares issuable upon exercise or settlement of the Award are then registered under the Securities Act or, if such shares are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act.  The exercise or settlement of the Award must also comply with other applicable laws and regulations governing the Award.  In addition, unless there is an exemption from any registration, qualification or other legal requirement applicable to the shares of Common Stock, the Company shall not be required to deliver any shares issuable upon exercise or settlement of the Award prior to the completion of any registration, qualification or approval of the shares with any governmental regulatory body, or any non-U.S. or U.S. local, state or federal governmental agency, which registration, qualification or approval the Company shall, in its absolute discretion, deem necessary or advisable.   The Award may not be exercised or settled, and the Company will have no liability for failure to issue shares of Common Stock upon exercise or settlement of the Award, if the Company determines that the exercise or settlement would not be in material compliance with such laws and regulations. 
6.    Term and Termination of Award.
6.1.    Options.  Subject to earlier termination as required under Section 14 or 15 of the Plan, the term of the Option commences on the Grant Date and expires upon the earliest of the following:
(a)    three (3) months after the termination of your Continuous Service for any reason other than death or Disability, provided that if during any part of such three-month period the Option is not exercisable solely because of the condition set forth in Section 5, the Option shall not expire until the earlier of the Expiration Date or until it shall have been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service;
(b)    twelve (12) months after the termination of your Continuous Service due to Disability;
(c)    eighteen (18) months after your death if you die either during your Continuous Service or within three (3) months after your Continuous Service terminates for reason other than Cause;
(d)    the Expiration Date indicated in the Grant Notice; or
(e)    the tenth (10th) anniversary of the Grant Date.
6.2.    Stock Units.  In the event your Continuous Service terminates, any Stock Units and the shares of Common Stock subject thereto (that have not vested on or before termination of your Continuous Service) shall be forfeited.
6.3.    Continuous Service.  For purposes of the Award, your Continuous Service will be considered terminated as of the date you are no longer actively providing services to the Company or one of its Affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are providing services or the terms of your employment agreement, if any), and your right to vest in the Award under the Plan, if any, will terminate as of such date and will not be extended by any notice period (e.g., your Continuous Service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where you are providing services or the terms of your employment agreement, if any); the Board shall have the exclusive discretion to determine when you are no longer actively providing services for purposes of your Award (including whether you may still be considered to be providing services while on a leave of absence).

7.    Transferability.  The Award is not transferable, except by will or by the laws of descent and distribution.  Options are exercisable during your life only by you.  Shares of Common Stock issued upon vesting of a Stock Unit are issuable during your life only to you.  
8.    Not a Service Contract.  This Agreement is not an employment or service contract, and nothing in this Agreement shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or of the Company or an Affiliate to continue your employment.  In addition, nothing in this Agreement shall obligate the Company or an Affiliate, their respective shareholders, Board, officers or employees to continue any relationship that you might have as a director or consultant for the Company or an Affiliate.
9.    Withholding Obligations.
9.1.    At the time the Option is exercised, in whole or in part, or shares of Common Stock are issued upon settlement of Stock Units or at any relevant tax withholding event, you hereby authorize withholding from payroll and any other amounts payable to you, or otherwise agree to make adequate provision for (including by means of a “cashless exercise” pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board to the extent permitted by the Company or a mandatory sale to cover taxes program), any sums required to satisfy non-U.S. and U.S. federal, state and local tax withholding obligations of the Company or an Affiliate, which arise in connection with the Award.
9.2.    The Option is not exercisable and shares of Common Stock are not issuable upon settlement of Stock Units unless the tax withholding obligations of the Company or any Affiliate are satisfied.  Accordingly, you may not be able to exercise the Option or receive shares of Common Stock upon settlement of Stock Units even though the Award is vested.
10.    Sell to Cover; Aggregation of Sale Orders.  In a sale of shares of Common Stock of the Company to cover tax withholding obligations, you understand that such sales will be made through E*TRADE Financial Services, Inc. or such other stock plan service provider as may be selected by the Company in the future.  With respect to each customer for whose account there is entered a “sell” order at roughly the same point in time, E*TRADE Financial Services, Inc. or such other stock plan service provider, may execute such trades at different prices over a period of time, which may include multiple trading days, in which case it may, but is not required to, aggregate the proceeds of all such trades and credit each customer’s account to reflect the average price obtained over that period of time, rather than at the potentially higher or lower price obtained with respect to the sale of a specific share of Common Stock of the Company.  You hereby acknowledge this protocol and consent to such aggregation of your sale order and such crediting of your account with the average price obtained during the relevant period of time.
11.    Professional Advice.  The acceptance and exercise or settlement of the Award and the sale of Award Shares has consequences under non-U.S. and U.S. federal and state tax and securities laws which may vary depending upon your individual circumstances.  Accordingly, you acknowledge that you have been advised to consult your personal legal and tax advisor in connection with this Agreement and your dealings with respect to the Award and the Award Shares.  You further acknowledge that the Company has made no warranties or representations to you with respect to the tax consequences of the grant and exercise or settlement of the Award or the sale of the Award Shares and you are in no manner relying on the Company or its representatives for an assessment of such consequences.
12.    Governing Plan Document.  Your Award is subject to all applicable provisions of the Plan, which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan.  In the event of any conflict between the provisions of your Award and those of the Plan, the provisions of the Plan shall control.
13.    Damages.  You shall be liable to the Company for all costs and damages, including incidental and consequential damages, resulting from a disposition of Award Shares which is not in conformity with the provisions of this Agreement.
14.    Governing Law and Venue.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Washington excluding those laws that direct the application of the laws of another jurisdiction.  For purposes of any action, lawsuit or other proceedings brought to enforce this Agreement, relating to 

it, or arising from it, the parties hereby submit to and consent to the sole and exclusive jurisdiction of the courts of King County, Washington, or the federal courts for the United States for the Western District of Washington, and no other courts, where your Award is made and/or to be performed.
15.    Electronic Delivery and Acceptance.  The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means.  You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.
16.    Severability.  The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.
17.    Imposition of Other Requirements.  The Company reserves the right to impose other requirements on your participation in the Plan, the Award and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.
18.    Notices.  All notices and other communications under this Agreement shall be in writing.  Unless and until you are notified in writing to the contrary, all notices, communications, and documents directed to the Company and related to the Agreement, if not delivered by hand, shall be mailed, addressed as follows:
F5 Networks, Inc. 
801 5th Avenue 
Seattle, WA  98104
Unless and until the Company is notified in writing to the contrary, all notices, communications, and documents intended for you and related to this Agreement, if not delivered by hand, shall be mailed to your last known address as shown on the Company’s books.  Notices and communications shall be mailed by first class mail, postage prepaid.  All mailings and deliveries related to this Agreement shall be deemed received when actually received, if by hand delivery, and five (5) business days after mailing, if by mail.
19.    Amendment of this Agreement.  The Board at any time, and from time to time, may amend the terms of this Agreement; provided, however, that the rights under this Agreement shall not be materially impaired by any such amendment unless (i) the Company requests your consent and (ii) you consent in writing; provided, however, that the Company may amend the terms of the Agreement without your consent pursuant to Section 17, if it determines that such amendment is necessary for legal reasons.
20.    Non-U.S. Participants.  Notwithstanding any provisions in this Agreement, if you are a resident or citizen of, or are working in, a country outside the United States at any time during the life of the Award, your participation in the Plan shall be subject to such special terms and conditions for your country as the Company determines.  Moreover, if you transfer residence and/or employment to, or are considered a citizen or resident for local law purposes of, a country outside the United States, the special terms and conditions for such country will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons.  
21.    Waiver.  You acknowledge that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other Participant.
22.    Insider Trading Restrictions/Market Abuse Laws.  You acknowledge that you may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions, including the United States and, if different, your country, your broker’s country or the country where the shares of Common Stock are listed, which may affect your ability to accept or otherwise acquire, or sell, attempt to sell or otherwise dispose of, shares of Common Stock or rights to shares of Common Stock (e.g., Stock Units) under the Plan or rights linked to the value of the shares of Common Stock during such times as you are considered to have “inside information” regarding the Company (as defined by the laws or regulations in the applicable jurisdiction) or the trade in shares of Common Stock or the trade in rights to shares of Common Stock under the Plan.  Local insider trading laws and regulations may prohibit the cancellation or amendment of orders you place before you possessed inside information.  Furthermore, you could be prohibited from (i) disclosing the inside information to any third party (other than on a 

“need to know” basis) and (ii) “tipping” third parties or otherwise causing them to buy or sell securities: keeping in mind that the term “third parties” includes fellow employees.  Any restrictions under these laws or regulations may be separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy.  You acknowledge that it is your responsibility to comply with any applicable restrictions, and you should speak to your personal advisor on this matter.

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