Document:

Change in Control Agreement, with Patrick M. Frawley

 EXHIBIT 10.29 
  
 CHANGE IN CONTROL AGREEMENT 
 BETWEEN COMMUNITY BANK 
 AND PATRICK M. FRAWLEY 
  
 This CHANGE IN CONTROL AGREEMENT (this “Agreement”), dated this
12th day of December, 2003 by and between Community Bank, an Alabama banking company (the “Company”), and Patrick M. Frawley (the “Executive”). 
  
 WITNESSETH: 
  
 WHEREAS, the Company wishes to assure itself and its key employees of continuity of management and objective judgment in the event of any actual or
contemplated Change in Control of the Company, and the Executive is a key employee of the Company and is an integral part of management of the Company (for purposes hereof, employment with any present or future parent or subsidiary company of the
Company shall be considered employment by the Company); and 
  
 WHEREAS, this Agreement is not intended to materially alter the compensation and benefits that the Executive could reasonably expect to receive in the absence of a Change in Control of the Company, and this Agreement accordingly will
be operative only upon circumstances relating to any actual or anticipated change in control of the Company. 
  
 NOW, THEREFORE, for and in consideration of the premises and the mutual covenants herein contained, the parties hereby agree as follows:

  
 OPERATION OF AGREEMENT 
  
 This Agreement shall be effective immediately upon its execution by the
parties hereto, but anything in this Agreement to the contrary notwithstanding, neither the Agreement nor any provision hereof shall be operative unless, during the term of this Agreement, there has been a Change in Control of the Company during the
term of this Agreement, at which time all of the provisions hereof shall become operative immediately. 
  
 II. TERM OF AGREEMENT 
  
 The term of this Agreement shall be for an initial three (3) year period commencing on the date hereof, and shall be automatically extended at the end of
the first year of such initial three (3) year period and on each subsequent anniversary thereafter, without further action by Executive or the Company, for an additional one (1) year period, unless prior to any such renewal date, the Company shall
give written notice to the Executive of its desire to cause the Agreement to cease to extend automatically. Upon such notice, the Employment Period shall terminate upon the expiration of the then-current term, including any prior extensions.

  
 III. DEFINITIONS. 
  
 1. “Board” or “Board of Directors” –
the Board of Directors of the Company. 
  
 2.
“Cause” – either 
  
 (i)
the willful engaging by Executive in any act that constitutes gross malfeasance of duty and that directly results in material injury to the Company; or 

 (ii) Executive’s conviction of, pleading guilty to, or confession or admission of
committing any felony, or any act of fraud, misappropriation or embezzlement, that directly results in a material injury to the Company; 
  
 provided, however, that in the case of (i) above, such conduct shall not constitute Cause unless the Board shall have delivered to the Executive notice
setting forth specifically (A) the conduct deemed to qualify as Cause, (B) reasonable action that would remedy such objection, and (C) a reasonable time (not less than thirty (30) days) within which the Executive may take such remedial action and
the Executive shall not have taken such specified remedial action within such specified reasonable time. 
  
 3. “Change in Control” - either 
  
 (i) the acquisition, directly or indirectly, by any “person” (as such term is used in Section 13(d) and 14(d) of the Exchange
Act) of securities of the Company (or its parent company) representing an aggregate of twenty percent (20%) or more of the combined voting power of the Company’s (or its parent company’s) then outstanding securities; or 
  
 (ii) during any period of two (2) consecutive years
individuals who, at the beginning of such period, constitute the Board of the Company (or its parent company) cease for any reason to constitute at least a majority thereof, unless the election of each new director was approved in advance by a vote
of at least a majority of the directors then still in office who were directors at the beginning of the period; or 
  
 (iii) consummation of (a) a merger, consolidation, statutory share exchange, reorganization, or other business combination of the Company
(or its parent company) with any other “person” (as such term is used in Section 13(d) and 14(d) of the Exchange Act), other than a merger, consolidation, statutory share exchange, reorganization, or other business combination which would
result in the outstanding common stock of the Company (or its parent company) immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into common stock of the surviving entity or a parent or affiliate
thereof) at least sixty (60%) percent of the outstanding common stock of the Company or such surviving entity or parent thereof outstanding immediately after such transaction, or (b) the sale or disposition by the Company (or its parent company) of
all or substantially all of the Company’s (or its parent company’s) assets; or 
  
 (iv) approval by the stockholders of the Company (or its parent company) of a complete liquidation or dissolution of the Company (or its
parent company); or 
  
 (v) the occurrence of any
other event or circumstances which is not covered by (i) through (iv) above which the Board determines affects control of the Company (or its parent company) and, in order to implement the purposes of this Agreement as set forth above, adopts a
resolution that such event or circumstance constitutes a “Change in Control” for the purposes of this Agreement. 
  
 4. “Code” – the Internal Revenue Code of 1986, as amended. 
  
 5. “Disability” – the Executive’s inability to perform the essential functions of his regular
duties and responsibilities, without reasonable accommodation, as a result of medically determinable physical or mental incapacity for a period of six (6) consecutive months. The determination of whether the Executive suffers a Disability shall be
made by a physician acceptable to both the Executive (or his personal representative) and the Company. 
  
 6. “Exchange Act” – the term “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
  
 7. “Involuntary Termination” – termination of the
Executive’s employment by the Executive following a Change in Control which, in the reasonable judgment of the Executive, is due to (i) a change of the 
  

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 Executive’s responsibilities, position (including status, office, title, reporting relationships or working
conditions), authority or duties (including changes resulting from the assignment to the Executive of any duties inconsistent with his positions, duties or responsibilities as in effect immediately prior to the Change in Control); or (ii) a
reduction in the Executive’s compensation or benefits as in effect immediately prior to the Change in Control; or (iii) the Company’s requiring Executive, without his consent, to move his primary place of employment to a place more than
fifty (50) miles from the Executive’s primary place of employment immediately prior to the Change in Control. Involuntary Termination does not include the death or Disability of the Executive. Executive’s continued employment shall not
constitute consent to, or a waiver of rights with respect to, any circumstance constituting Involuntary Termination hereunder. 
  
 8. “Present Value” – the term “Present Value” shall have the same meaning as provided in Section 280G(d)(4) of the Code.

  
 IV. BENEFITS UPON TERMINATION FOLLOWING A CHANGE IN CONTROL

  
 1. Termination – The Executive shall be
entitled to, and the Company shall pay or provide to the Executive, the benefits described in Section 2 below if (a) a Change in Control occurs during the term of this Agreement, and (b) the Executive’s employment is terminated within thirty
(30) months following the Change in Control either (i) by the Company (other than for Cause or by reason of the Executive’s death or Disability) or (ii) by the Executive pursuant to Involuntary Termination; provided, however that
if: 
  
 (a) during the term of this Agreement there is a public
announcement of a proposal for a transaction that, if consummated, would constitute a Change in Control or the Board receives and decides to explore an expression of interest with respect to a transaction which, if consummated, would lead to a
Change in Control (either transaction being referred to herein as the “Proposed Transaction”); and 
  
 (b) the Executive’s employment is thereafter terminated by the Company other than for Cause or by reason of the Executive’s death or Disability;
and 
  
 (c) the Proposed Transaction is consummated within one (1)
year after the date of termination of the Executive’s employment; 
  
 then,
for the purposes of this Agreement, a Change in Control shall be deemed to have occurred during the term of this Agreement and the termination of the Executive’s employment shall be deemed to have occurred within thirty (30) months following a
Change in Control. 
  
 2. Benefits to be Provided – If
the Executive becomes eligible for benefits under Article IV, Section 1 above, the Company shall pay or provide to the Executive the benefits set forth in this Section 2. 
  
 (a) Accrued Obligations – The Company will pay to Executive, in a lump sum in cash, within thirty (30) days
following his termination of employment, the Executive’s current salary through the date of termination to the extent not theretofore paid. 
  
 (b) Severance – The Company will pay to Executive, in a lump sum in cash, within thirty (30) days following his termination of employment, an
amount (subject to withholding of all applicable taxes) equal to the Present Value of Executive continuing to receive his “current salary” for a period of twelve (12) months from his date of termination in the same manner as it was being
paid as of the date of termination. 
  
 (c) Effect of Death or
Disability – In the event Executive’s employment is terminated as a result of his death or Disability, the Company shall pay to Executive, his estate, named beneficiaries, or personal representative, as the case may be, the benefits
provided for in this Agreement. 
  

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 (d) Additional Limitation – In addition to the limits otherwise provided in this Section 2,
to the extent permitted by law, the Executive may in his sole discretion elect to reduce any payments he may be eligible to receive under this Agreement to prevent the imposition of excise taxes on the Executive under Section 4999 of the Code.

  
 (e) Obligation to Fund – The Agreement of the
Company (or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent the Company (or its successor) in its sole discretion elects in whole or
in part to fund its obligations under this Agreement pursuant to a trust arrangement or otherwise. 
  
 V. MISCELLANEOUS 
  
 1. Assignment and Successors – The parties acknowledge that this Agreement has been entered into due to, among other things, the special
skills of the Executive, and agree that this Agreement may not be assigned or transferred by the Executive, in whole or in part, without the prior written consent of the Company. This Agreement shall inure to the benefit of and be binding upon the
Company and its successors. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree
to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined
and any successor to its business and/or assets as aforesaid which assumes this Agreement by operation of law, or otherwise. 
  
 2. Other Agents – Nothing in this Agreement is to be interpreted as limiting the Company from employing other personnel on such terms and
conditions as may be satisfactory to the Company. 
  
 3.
Notices – All notices, requests, demands and other communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given if delivered or seven days after mailing if mailed, first class, certified
mail, postage prepaid: 
  

			
	 To the Company:
	  	 Community Bank

	 	  	 P.O. Box 1000

	 	  	 Blountsville, Alabama 35031

		
	 To the Executive
	  	 Patrick M. Frawley

	 	  	 630 Vinings Estates Drive

	 	  	 Mableton, Georgia 30126

  
 Any party may change the address to
which notices, requests, demands and other communications shall be delivered or mailed by giving notice thereof to the other party in the same manner provided herein. 
  
 4. Provisions Severable – If any provision or covenant, or any part thereof, of this Agreement should be held by
any court to be invalid, illegal or unenforceable, either in whole or in part, such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of the remaining provisions or covenants, or any part thereof,
of this Agreement, all of which shall remain in full force and effect. 
  
 5. Waiver – Failure of either party to insist, in one or more instances, on performance by the other in strict accordance with the terms and conditions of this Agreement shall not be deemed a waiver or relinquishment of any
right granted in this Agreement or of the future performance of any such term or condition or of any other term or condition of this Agreement, unless such waiver is contained in a writing signed by the party making the waiver. 
  
 6. Amendments and Modifications – This Agreement may be amended
or modified only by a writing signed by both parties hereto, which makes specific reference to this Agreement. 
  

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 7. Governing Law – The validity and effect of this Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of Alabama. 
  
 8. Arbitration of Disputes; Expenses – The parties agree that all disputes that may arise between them relating to the interpretation or performance of this Agreement, including matters relating to any
funding arrangements for the benefits provided under this Agreement, shall be determined by binding arbitration through an arbitrator approved by the American Arbitration Association or other arbitrator mutually acceptable to the parties. The award
of the arbitrator shall be final and binding upon the parties, and judgment upon the award rendered may be entered in any court having jurisdiction. In the event the Executive incurs legal fees and other expenses in seeking to obtain or to enforce
any such rights or benefits through settlement, arbitration or otherwise, the Company shall promptly pay the Executive’s reasonable legal fees and expenses incurred in enforcing this Agreement. 
  
 9. Indemnity – During the term of this Agreement, and following
any termination of Executive’s employment during the term of this Agreement, Executive shall be entitled to the benefits of the indemnity currently applicable to the Executive, if any, as provided by the Company’s articles of incorporation
or bylaws. Any changes to the articles of incorporation or bylaws reducing the indemnity granted to officers shall not affect the rights granted hereunder. The Company may not reduce these indemnify benefits confirmed to the Executive hereunder
without the written consent of the Executive. 
  
 10.
Termination of Prior Agreements – Except as provided herein, this Agreement contains the entire agreement between the Company and Executive with respect to the subject matter hereof and may be amended, modified, or canceled only pursuant
to Article V, Section 6 hereof. The Executive hereby agrees to a mutual termination, effective as of the effective date of this Agreement, of any prior existing change in control agreements (by whatever name) providing benefits to the Executive upon
a termination of employment following a Change in Control of the Company, to which he and the Company are parties, and as to such prior agreements, if any, the Executive releases all claims, rights and entitlements. 
  
 11. Regulatory Approvals – This Agreement, and the rights and
obligations of the parties hereto, shall be subject to approval of the same by any and all regulatory authorities having jurisdiction over the Company, to the extent such approval is required by law, regulation or order. 
  
 12. Regulator Intervention – Notwithstanding any term of this
Agreement to the contrary, this Agreement is subject to the following terms and conditions: 
  
 (a) The Company’s obligations to provide compensation or other benefits to Executive under this Agreement may be suspended if the Company has been served with a notice of charges by the appropriate federal
banking agency under provisions of Section 8 of the Federal Deposit Insurance Act (12 U.S.C. 1818) directing the Company to cease making payments required hereunder; provided, however, that: 
  
 (i) the Company shall seek in good faith with its best
efforts to oppose such notice of charges as to which there are reasonable defenses; 
  
 (ii) in the event the notice of charges is dismissed or otherwise resolved in a manner that will permit the Company to resume its
obligations to provide compensation or other benefits hereunder, the Company shall immediately resume such payments and shall also pay Executive the compensation withheld while the contract obligations were suspended, except to the extent precluded
by such notice; and 
  
 (iii) during the period
of suspension, the vested rights of the contracting parties shall not be affected, except to the extent precluded by such notice. 
  
 (b) The Company’s obligations to provide compensation or other benefits to Executive under this Agreement shall be terminated to the extent a final
order has been entered by the appropriate federal banking agency under provisions of Section 8 of the Federal Deposit Insurance Act (12 U.S.C. 1818) directing the Company not to make the payments required hereunder; provided, however,
that the vested rights of the contracting parties shall not be affected by such order, except to the extent precluded by such order. 
  

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 (c) The Company’s obligations to provide compensation or other benefits to Executive under this
Agreement shall be terminated or limited to the extent required by the provisions of any final regulation or order of the Federal Deposit Insurance Company promulgated under Section 18(k) of the Federal Deposit Insurance Act (12 U.S.C. 1828(k))
limiting or prohibiting any “golden parachute payment” as defined therein, but only to the extent that the compensation or payments to be provided under this Agreement are so prohibited or limited. 
  
 (d) Notwithstanding the foregoing, the Company shall not be required to make
any payments under this Agreement prohibited by law. 
  
 IN
WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by its duly authorized officers and the Executive has hereunto set his hand, as of the date and year first above written. 
  

			
	COMMUNITY BANK
		
	 By:
	 	 /s/ Stacey W. Mann

	 Name:
	 	 Stacey W. Mann

	 Title:
	 	 President

  

			
	 Attest:
	 	 /s/ William H. Caughran

	 Name:
	 	 William H. Caughran

	 Title:
	 	 Secretary

  

			
	EXECUTIVE:	 	 
		
	 /s/ Patrick M. Frawley

	 	(SEAL)
	 Patrick M. Frawley
	 	 

  

 6Separation Agreement

 EXHIBIT 10.46 
  
 SEPARATION AGREEMENT 
  
 THIS SEPARATION AGREEMENT (“Agreement”) is entered into as of February 25, 2004 (the “Effective Date”), by and between
THOMAS ST. DENNIS (“Executive”) and WIND RIVER SYSTEMS, INC., a Delaware corporation (the “Company”). 
  
 WHEREAS, Executive served as President and Chief Executive Officer of the Company from September 1999 until June 24, 2003; 
  
 WHEREAS, in connection with his employment, the Company and Executive entered
into that certain Executive Employment Agreement (the “Employment Agreement”) dated as of September 7, 1999, which Employment Agreement provided for, among other things, the provision of certain consulting services by Executive and
the payment by the Company of certain consulting fees upon Executive’s termination of his employment for Good Reason (as defined therein); 
  
 WHEREAS, Executive is indebted to the Company in the aggregate amount of $2,010,034.14 as evidenced by that certain Secured Promissory Note dated as of
September 7, 1999, in the original principal amount of $2,397,802 (the “Note”), which indebtedness is secured by 126,000 shares of the Company’s common stock (the “Collateral Shares”), as evidenced by that
certain Investment Property Security Agreement dated as of September 7, 1999, by and between the Company and Executive (the “Security Agreement”); 
  
 WHEREAS, the Company and Executive desire to terminate the Employment Agreement and the consulting arrangement thereunder,
provide for the forgiveness of the loan and terminate the Security Agreement; 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereto hereby agree as follows: 
  
 1.     TERMINATION OF CONSULTING ARRANGEMENT AND EMPLOYMENT AGREEMENT. Executive and the Company
hereby agree that as of the Effective Date (a) the Consulting Services required by Section 6.6 of the Employment Agreement shall terminate and (b) the Consulting Period (as defined in Section 6.6(a) of the Employment Agreement) shall end. Executive
hereby irrevocably waives his right to payment by the Company of any and all Consulting Fees (as defined in Section 6.6(c) of the Employment Agreement), regardless of whether such Consulting Fees have been accrued as of the Effective Date or may be
payable under the Employment Agreement after the Effective Date. The parties further agree that the Employment Agreement is hereby terminated and shall have no further force or effect. 
  
 2.     FORFEITURE OF OUTSTANDING OPTIONS. Concurrently with the execution hereof, the outstanding
stock options listed on Exhibit A (the “Stock Options”) and heretofore issued to Executive, including those Stock Options which are fully vested, are being 
  

 1 

 assigned to the Company and shall hereafter be canceled. Executive represents and warrants to the Company that such Stock
Options are being assigned to the Company free and clear of any and all liens and other encumbrances. Executive hereby forfeits all of his right, title and interest in and to such Stock Options. 
  
 3.    FORGIVENESS OF NOTE AND ASSIGNMENT OF COLLATERAL
SHARES. The Company hereby forgives the remaining principal and accrued interest due under the Note, and, within ten days after the Effective Date, shall deliver to Executive the original Note marked “CANCELED”; provided, however, that
the Note shall not be forgiven or canceled in the event Executive shall revoke the Release (as hereinafter defined) within seven days following the Effective Date. Concurrently with the execution of this Agreement, the Collateral Shares securing the
obligations under the Note are being assigned to the Company, and Executive hereby forfeits all of his right, title and interest in and to such Collateral Shares. The parties further agree that the Security Agreement is hereby terminated and shall
have no further force or effect. Executive acknowledges that such forgiveness shall be a taxable event to him and further acknowledges that he has consulted an attorney and/or financial advisor and is fully aware of the consequences of such
forgiveness. 
  
 4.    VALUATION OF
TRANSFERRED SHARES. The closing price of the Company’s common stock on February 24, 2004 ($9.23 per share), being the closing price on the day prior to the Effective Date of this Agreement, was used for the purposes of valuing the
underlying shares of stock in connection with the assignment of the outstanding Stock Options and the Collateral Shares hereunder. 
  
 5.    ASSIGNMENT OF SPLIT DOLLAR LIFE INSURANCE POLICY. Within ten days after the Effective Date, the Company shall assign to
Executive any and all rights and interests it has in and to that certain $2,500,000 split dollar life insurance policy (the “Life Insurance Policy”), and in connection therewith, the Company shall forgive the payment of
approximately $121,000 that Executive would otherwise owe the Company in order to terminate the split dollar arrangement; provided, however, that the Life Insurance Policy shall not be assigned in the event Executive shall revoke the Release (as
hereinafter defined) within seven days following the Effective Date. Executive acknowledges that such assignment shall be a taxable event to him and further acknowledges that he has consulted an attorney and/or financial advisor and is fully aware
of the consequences of such assignment. 
  
 6.    TAX REIMBURSEMENT. The Company hereby agrees to reimburse Executive the full amount of any federal and state income taxes Executive shall actually pay in connection with the forgiveness of the Note (pursuant
to Section 3 above) and the assignment of the Life Insurance Policy (pursuant to Section 5 above). An initial tax reimbursement shall be made by the Company within ten days following the Effective Date based upon an effective tax rate of 43%.
Executive shall submit to the Company a statement of Executive’s final effective tax rate for the 2004 calendar year (the “Statement”) no later than January 31, 2005. Upon receipt of the Statement, the Company shall have
fifteen business days to review and agree to or contest the tax rate used in such Statement (the “Review Period”). If the final effective tax rate agreed upon by both the Company and Executive (the “Effective Rate”)
is greater than 43%, an additional reimbursement shall be made to Executive within ten days following the Review 
  

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 Period with respect to the taxes paid in connection with the forgiveness of the Note and the assignment of the Life
Insurance Policy. If the Effective Rate is lower than 43%, the Company agrees to waive the refund by Executive of any overpayment of Executive’s federal or state income taxes paid in connection with the forgiveness of the Note and the
assignment of the Life Insurance Policy. 
  
 7.    RELEASE OF CLAIMS. Concurrently with the execution of this Agreement, Executive is executing and delivering a release, in the form attached hereto as Exhibit B (the “Release”), as a
condition of Executive’s receipt of the benefits provided under this Agreement. 
  
 8.    CONTINUING OBLIGATIONS UNDER OTHER AGREEMENTS. Executive and the Company shall remain bound by that certain Proprietary Information and Inventions Agreement, dated September 7, 1999
(the “PIIA”) and that certain Indemnity Agreement, dated October 15, 1999 (the “Indemnity Agreement”). Nothing contained herein shall modify or affect the terms of the PIIA or the Indemnity Agreement. 
  
 9.    GENERAL PROVISIONS. 
  
 9.1    NOTICES. Any notices provided hereunder must be in
writing and shall be deemed effective upon the earlier of personal delivery (including personal delivery by facsimile transmission) or the third day after mailing by first class mail, to the Company at its primary office location and to Executive at
his address as listed on the signature page hereto (which address may be changed by written notice). 
  
 9.2    SEVERABILITY. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or any other jurisdiction, but such invalid, illegal or unenforceable provision will be reformed, construed and enforced in such jurisdiction so as to render it valid, legal, and enforceable consistent with the intent of the
parties insofar as possible. 
  
 9.3    WAIVER. If either party should waive any breach of any provisions of this Agreement, he or it shall not thereby be deemed to have waived any preceding or succeeding breach of the same or any other provision of
this Agreement. 
  
 9.4    VOLUNTARY EXECUTION
OF AGREEMENT. This Agreement is the result of negotiations between Executive and the Company and it is executed by each without duress, knowingly and voluntarily, and with full appreciation of the rights and obligations being created and/or waived
herein. 
  
 9.5    ACKNOWLEDGMENT OF LEGAL
REPRESENTATION. The parties acknowledge that each has read this Agreement and each has been represented by legal counsel of its or his choice in connection with the preparation, negotiation and execution of this Agreement. 
  

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 9.6    ENTIRE AGREEMENT. This Agreement, together with the Release, constitutes the
entire agreement between Executive and the Company and supersede any prior agreement, promise, representation, or statement written or otherwise between Executive and the Company with regard to the subject matter hereof. It is entered into without
reliance on any promise, representation, statement or agreement other than those expressly contained or incorporated herein, and it cannot be modified or amended except in a writing signed by Executive and a duly authorized officer of the Company.

  
 9.7    COUNTERPARTS. This Agreement may be
executed in separate counterparts, any one of which need not contain signatures of more than one party, but all of which taken together will constitute one and the same agreement. 
  
 9.8    HEADINGS. The headings of the sections hereof are inserted for convenience only and shall not be
deemed to constitute a part hereof nor to affect the meaning thereof. 
  
 9.9    SUCCESSORS AND ASSIGNS. This Agreement is intended to bind and inure to the benefit of and be enforceable by Executive, the Company and their respective successors, assigns, heirs, executors and administrators,
except that Executive may not assign any of his duties hereunder and he may not assign any of his rights hereunder without the written consent of the Company, which shall not be withheld unreasonably. 
  
 9.10    ARBITRATION. To provide a mechanism for rapid and
economical dispute resolution, Executive and the Company agree that any and all disputes, claims, or causes of action, in law or equity, arising from or relating to this Agreement (including the Release) or its enforcement, performance, breach, or
interpretation, will be resolved, to the fullest extent permitted by law, by final, binding, and confidential arbitration held in San Francisco, California and conducted by Judicial Arbitration & Mediation Services/Endispute (“JAMS”),
under its then-existing Rules and Procedures. Nothing in this Agreement is intended to prevent either the Executive or the Company from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration.
The prevailing party in any such arbitration shall be entitled to recover his or its attorneys’ fees and costs. 
  
 9.11    GOVERNING LAW. All questions concerning the construction, validity and interpretation of this Agreement will be governed by
the law of the State of California as applied to contracts made and to be performed entirely within California. 
  
 [REMAINDER OF PAGE LEFT BLANK INTENTIONALLY] 
  

 4 

 IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the Effective Date.

  

	
	WIND RIVER SYSTEMS, INC.
	
	 /s/    JEFFREY LOEHR         

	

	 Jeffrey Loehr
 Vice President of Human Resources

  

	
	
	 /s/    THOMAS ST.
DENNIS        

	

	 Thomas St. Dennis

  
 Address: 
  

 5 

 Exhibit A 
  

Outstanding Stock Options 
  

															
	Granted

	 	 Price

	 	 Exercised

	 	 Vested

	 	 Cancelled

	 	 Unvested

	 	 Outstanding

	 	 Exercisable

	243,386	 	$16.000000	 	67,500	 	243,386	 	0	 	0	 	175,886	 	175,886
	856,614	 	$16.000000	 	12,500	 	856,614	 	0	 	0	 	844,114	 	844,114
	40,000	 	$36.375000	 	0	 	33,333	 	0	 	6,667	 	40,000	 	33,333
	40,000	 	$36.375000	 	0	 	40,000	 	0	 	0	 	40,000	 	40,000
	270,000	 	$14.990000	 	0	 	151,875	 	0	 	118,125	 	270,000	 	151,875
	335,000	 	$  5.000000	 	0	 	167,500	 	0	 	167,500	 	335,000	 	167,500
	
	 	 	 	
	 	
	 	
	 	
	 	
	 	

	1,785,000	 	 	 	80,000	 	1,492,708	 	0	 	292,292	 	1,705,000	 	1,412,708
	
	 	 	 	
	 	
	 	
	 	
	 	
	 	

  

 6 

 Exhibit B 
  

Release 
  
 I understand that my position with Wind River Systems, Inc. (the “Company”) terminated effective June 24, 2003 (the “Separation
Date”). The Company has agreed that if I choose to sign this Release, the Company will pay me certain benefits pursuant to the terms of the Separation Agreement, dated February 25, 2004, by and between myself and the Company (the
“Agreement”), and any agreements incorporated therein by reference. I understand that I am not entitled to such benefits unless I sign this Release and it becomes fully effective. I understand that, regardless of whether I sign this
Release, the Company will pay me all of my accrued salary and vacation through the Separation Date, to which I am entitled by law. 
  
 In consideration for the severance benefits I am receiving under the Agreement, I hereby release the Company and its officers, directors, agents,
attorneys, employees, stockholders, parents, subsidiaries, and affiliates from any and all claims, liabilities, demands, causes of action, attorneys’ fees, damages, or obligations of every kind and nature, whether they are known or unknown,
arising at any time prior to the date I sign this Release. This general release includes, but is not limited to: all federal and state statutory and common law claims related to my employment or the termination of my employment or related to all
claims for breach of contract, tort, wrongful termination, discrimination, wages or benefits, or claims for any form of equity or compensation. Notwithstanding the release in the preceding sentence, I am not releasing any right of indemnification I
may have in my capacity as an employee, officer and/or director of the Company pursuant to any express indemnification agreement, nor am I releasing any rights I may have as an owner and/or holder of the Company’s common stock. 
  
 In releasing claims unknown to me at present, I am waiving all rights and
benefits under Section 1542 of the California Civil Code, and any law or legal principle of similar effect in any jurisdiction: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT
THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.” 
  
 If I am forty (40) years of age or older as of the Separation Date, I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I
may have under the Federal Age Discrimination in Employment Act of 1967, as amended (“ADEA”). I also acknowledge that the consideration given for the waiver in the above paragraph is in addition to anything of value to which I was
already entitled. I have been advised by this writing, as required by the ADEA that: (a) my waiver and release do not apply to any claims that may arise after my signing of this Release; (b) I should consult with an attorney prior to executing this
Release; (c) I have twenty-one (21) days within which to consider this Release (although I may choose to voluntarily execute this Release earlier); (d) I have seven (7) days following the execution of this release to revoke the Release; and (e) this
Release will not be effective until the eighth day after this Release has been signed both by me and by the Company. 
  
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 
  

 7 

  
 Date: Feb. 25, 2004

	
	
	 /s/    THOMAS ST.
DENNIS        

	

	 Thomas St. Dennis

  
 Acknowledged and agreed this 25th day
of February, 2004. 
  

	
	WIND RIVER SYSTEMS, INC.
	
	 /s/    JEFFREY LOEHR         

	

	 Jeffrey Loehr
 Vice President of Human Resources

  
  

 8

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