Document:

JNPR Q1 3-31-15 ex10.1

EXHIBIT 10.1

EMPLOYMENT AGREEMENT

This Employment Agreement (“Agreement”) is made March 23, 2015 by and between Juniper Networks, Inc., a Delaware Corporation, with principal place of business located at 1133 Innovation Way, Sunnyvale, California 94089 (“Juniper”) and Mitchell Gaynor (“Gaynor”). The Parties agree as follows:

1.Background. Gaynor has communicated to Juniper his desire and intent to resign and leave his employment at Juniper during 2015. Juniper desires to ensure the services of Gaynor as an employee and officer of Juniper and as a director of certain Juniper subsidiaries through the periods described below.  

2.    Parent Company Employment. Gaynor agrees to continue to serve as General Counsel and an employee of Juniper through at least May 19, 2015 or such other date in 2015 as the Parties may mutually agree in writing from time to time.  The date Gaynor ceases to be an employee of the Company for any reason is referred to as the “Employment End Date”.  

3.     Subsidiary Service. Gaynor currently serves as a director or officer of more than fifty wholly owned subsidiary corporations, branches, or other legal entities of Juniper (collectively “Subsidiaries”).  Gaynor is willing to continue to serve, at the pleasure of Juniper, as a director of the Subsidiaries through December 31, 2015 in order to enable an efficient and cost-effective transition from his roles at these Subsidiaries.  It is agreed that such service as a director will not preclude Gaynor from undertaking employment with other employers. Juniper agrees to make reasonable efforts to remove Gaynor from his roles at such Subsidiaries as soon as practical.  Unless effectuated earlier, Gaynor resigns from each such Subsidiary effective December 31, 2015.  Gaynor agrees that if requested by Juniper, he will execute without any additional compensation any documents required to remove himself from any such position and replace him with another individual.  Regardless of the actual date on which Gaynor has ceased to serve as an officer and director of the last Subsidiary, the period between the Employment End Date and December 31, 2015 is referred to as the “Subsidiary Service Period”.  For avoidance of doubt, Gaynor’s service during the Subsidiary Service Period will not be considered service as an Employee or Consultant for purposes of awards under Juniper’s 2006 Equity Incentive Plan.

4.    Compensation.  Gaynor will (i) be paid his regular salary of $37,500 per month and his regular benefits through the Employment End Date, (ii) be paid one twelfth of his annual target incentive bonus (such annual target bonus is $450,000) for each full and partial calendar month in 2015 through his Employment End Date, and (iii) be paid $37,500 for each full and partial month in the Subsidiary Service Period.  The amounts specified in (ii) will be paid in a lump sum (less applicable withholding) on or before the forty-fifth (45) day following the Employment End Date. The amounts specified in (iii) will be paid on a semi monthly basis through the Subsidiary Service Period. (less applicable withholding); provided that, if service on all Subsidiaries has ceased before December 31, 2015, any portion of the compensation in (iii) relating to periods from such date through the end of the Subsidiary Service Period will be paid within 45 days.

5.     Other Agreements and Release of Claims. Subject to payment of the above compensation and all obligations owing to him under applicable law and the Indemnification Agreement between the Parties, Gaynor agrees he is not entitled to receive any other compensation, incentive payments or severance apart from the benefits provided under this Agreement in connection with the end of his employment or service on Subsidiaries. This Agreement, however, shall not diminish or otherwise impact the rights and remedies to defense and indemnification, among other things, under any Directors and Officers Insurance coverage of any other insurance policy or rights and remedies provided by law to which Gaynor is entitled as an employ officer or director or former employee officer and director of Company or its subsidiaries.  Gaynor also agrees to execute on or after the Employment End Date and the Subsidiary Service Period, a release of claims in substantially the form attached to the Change in Control Agreement between the parties, provided such release excludes any rights under the Indemnification Agreement and this Agreement and any claim s related to any breach of such agreements.  If Gaynor would be entitled to benefits under the Change in Control 

Agreement between the parties for events occurring on or before the Employment End Date, the protections under the Change in Control Agreement will apply to the extent that they are not duplicative of protections under this Agreement. 

6.    Governing Law and Interpretation.  This Agreement shall be governed and conformed in accordance with the laws of the state of California without regard to its conflict of laws provision.  In the event of a breach of any provision of this Agreement, either party may institute an action specifically to enforce any term or terms of this Agreement and/or to seek any damages for breach.  Should any provision of this Agreement be declared illegal or unenforceable by any court of competent jurisdiction and cannot be modified to be enforceable, such provision shall immediately become null and void, leaving the remainder of this Agreement in full force and effect.
7.    Counterparts and Facsimile Copies.  This Agreement may be signed in counterparts.  A facsimile copy or electronic copy in Portable Document Format (PDF) of this Agreement will have the same force and effect as the original.
8.    Amendment.  This Agreement may not be modified, altered, or changed except in writing and signed by both Gaynor and an authorized officer of Juniper  wherein specific reference is made to this Agreement.

9.    No Assignment.    Gaynor agrees that neither this Agreement nor any portion of it is assignable.  Gaynor represents, warrants, and covenants that he has not previously assigned or transferred, or purported to assign or transfer, to any individual or entity, any of the rights, claims, demands or causes of action being released herein, and agrees that no such assignment or transfer may occur without a written consent executed by Juniper, and any attempts to do so will be void.
10.    Entire Agreement.  This Agreement sets forth the entire agreement between the Parties hereto, and fully supersedes any prior agreements or understandings between the Parties regarding the subject matter of this Agreement.  

The Parties knowingly and voluntarily sign this Agreement as of the date(s) set forth below:
    
	
							
	 
	 
	 
	 
	 
	 
	 

	Date:
	March 23, 2015
	 
	 
	Mitchell Gaynor
	 

	 
	 
	 
	 
	/s/ Mitchell Gaynor
	 

	 
	 
	 
	 
	 
	 
	 

	Date:
	March 24, 2015
	 
	 
	JUNIPER NETWORKS, INC.
	 

	 
	 
	 
	 
	By:
	/s/ Rami Rahim
	 

	 
	 
	 
	 
	 
	Name: Rami RahimEX-10.21

Exhibit 10.21
TRIBUNE COMPANY
2013 EQUITY INCENTIVE PLAN
FORM OF RESTRICTED STOCK UNIT AGREEMENT
THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”) is made by and between Tribune Media Company, a Delaware corporation (the “Company”), and the undersigned Participant, and is dated as of _______ (the “Date of Grant”).  Pursuant to this Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units (“RSUs”) set forth below, each of which represents an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant upon settlement one share of Class A Common Stock (“Common Stock”) of the Company (or cash equal to the Fair Market Value thereof) as set forth herein.  The RSUs awarded to the Participant hereby are subject to all of the terms and conditions set forth in this Agreement as well as all of the terms and conditions of the Tribune Company 2013 Equity Incentive Plan (as amended from time to time in accordance with the terms thereof, the “Plan”), all of which are incorporated herein in their entirety.  Capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Plan.
	
		
	Participant:
	 

	Number of RSUs:
	 

		
	1.
	Vesting Schedule; Restricted Period.  The Restricted Period of an RSU shall begin on the Grant Date and end on its applicable Vesting Date.  Provided that the Participant has not undergone a termination of service with the Company and its Affiliates prior to the applicable Vesting Date, the RSUs shall vest and become Released Units as follows:

	
		
	Vesting Date
	Released Units

	 
	 

	 
	 

	 
	 

	 
	 

		
	2.
	Settlement.

		
	(a)
	Delivery of Shares or Cash.  As soon as practicable following the applicable Vesting Date (but in no event later than the next regular payroll date of the Company following such Vesting Date), the Company shall issue or transfer to the Participant, or cause to be issued or transferred to the Participant, one share of Common Stock in respect of each RSU that became a Released Unit as of such Vesting Date, except as otherwise provided in Section 5 hereof; provided, however, that in accordance with Section 9(e)(ii) of the Plan, the Committee may, in its sole discretion, elect to pay cash or part cash and part Common Stock in lieu of delivering only shares of Common Stock in respect of Released Units.  If a cash payment is made in lieu of delivering shares of Common Stock or pursuant to Section 5 hereof, the amount of such payment shall be equal to the Fair Market Value of the Common Stock as of the applicable Vesting Date less an amount equal to all federal, state, local, and non-U.S. income and employment taxes required to be withheld.

		
	(b)
	Shares Received Upon Settlement.  Shares of Common Stock received upon Settlement of an RSU shall remain subject to the terms of the Plan and this Agreement.

		
	(c)
	Tax Withholding.  In connection with any settlement of RSUs (including accumulated Dividend Equivalents), the Participant will be required to satisfy applicable withholding tax obligations as provided in Section 15(d) of the Plan.  For the avoidance of doubt, the Participant must receive prior written approval of the Committee to use any method for the payment of tax withholding other than in immediately available funds in U.S. dollars.

		
	(d)
	Compliance with Laws.  The granting and settlement of the RSUs, and any other obligations of the Company under this Agreement shall be subject to all applicable federal and state laws, rules, and regulations and to such approvals by any regulatory or governmental agency as may be required.  The Committee, in its sole discretion, may postpone the issuance or delivery of Common Stock hereunder as the Committee may consider appropriate and may require the Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Common Stock hereunder in compliance with applicable laws, rules, and regulations.

		
	3.
	Forfeiture.  All RSUs (including accumulated Dividend Equivalents) that have not become Released Units shall terminate and be forfeited for no consideration upon a termination of the Participant’s service with the Company and its Affiliates prior to the applicable Vesting Date.

		
	4.
	Rights as Stockholder.  The Participant shall not be deemed for any purpose to be the owner of any shares of Common Stock subject to the RSUs unless and until (a) the RSUs shall have been settled in Common Stock pursuant to the terms herein, (b) the Company shall have issued and delivered to the Participant the Common Stock hereunder, and (c) the Participant’s name shall have been entered as a stockholder of record with respect to such Common Stock on the books of the Company; provided that RSUs will be credited with Dividend Equivalents to the extent provided in Section 5 hereof.  The Common Stock issued upon any settlement of RSUs hereunder shall be registered in the Participant’s name on the books of the Company during the Lock-Up Period and for such additional time as the Committee determines appropriate in its reasonable discretion.  Any certificates representing the Common Stock delivered to the Participant shall be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any securities exchange or inter-dealer quotation system on which the Common Stock is listed or quoted, and any applicable federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions as the Committee deems appropriate.  This Agreement does not confer upon the Participant any right to continue as an employee or service provider of the Company or any Affiliate.

		
	5.
	Dividend Equivalents.  So long as the RSUs have not become Released Units and the Participant has not undergone a termination of service with the Company and its Affiliates, the Participant shall be credited with dividend equivalents on such RSUs in the form of additional RSUs when and to the extent that regular cash dividends are paid on the Common Stock from and after the Date of Grant.  Such Dividend Equivalents shall be computed by dividing:  (i) the amount obtained by multiplying the amount of the regular cash dividend declared and paid for each share of Common Stock by the number of RSUs (including accumulated Dividend Equivalents) held by the Participant on the record date of such regular cash dividend, by (ii) the Fair Market Value of the Common Stock on the dividend payment date for such cash dividend.  Such additional RSUs shall vest and settle in the same manner proportionately as the RSUs to which they relate, except that any fractional shares represented by accumulated Dividend Equivalents shall, once vested, be settled solely in cash on the terms provided for cash settlement in Section 2(a) hereof.  Any accumulated and unpaid Dividend Equivalents attributable to RSUs that are cancelled will not be paid and are immediately forfeited upon cancellation of the RSUs.

		
	6.
	Representations and Warranties of Participant.  The Participant hereby makes the following acknowledgements, representations, and warranties to the Company:

		
	(a)
	No Arrangements to Sell.  Except as specifically provided herein or in the Plan, the Participant has no contract, undertaking, understanding, agreement, or arrangement, formal or informal, with any person to sell, transfer, or pledge all or any portion of his Common Stock and has no current plans to enter into any such contract, undertaking, understanding, agreement, or arrangement.

		
	(b)
	RSUs Not Transferable.  The Participant understand that neither the RSUs nor Dividend Equivalents are assignable or transferable, in whole or in part, and they may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise).

		
	7.
	General.

		
	(a)
	Employment Agreement.  This Agreement and the terms and conditions of the RSUs are subject to any provisions concerning restricted stock units in any employment agreement in effect from time to time between the Participant and the Company or an Affiliate that has been approved by the Board or a committee thereof and that was entered into after December 31, 2012, which provisions are hereby incorporated herein by reference.  In the event of a conflict between any term or provision contained herein and any terms or provisions of such employment agreement concerning restricted stock units, the applicable terms and provisions of such employment agreement will govern and prevail.

		
	(b)
	Delivery of Documents.  The Participant agrees that the Company may deliver by email all documents relating to the Plan or the RSUs (including, without limitation, a copy of the Plan) and all other documents that the Company is required to deliver to its security holders (including, without limitation, disclosures that may be required by the Securities and Exchange Commission).  The Participant also agrees that the Company may deliver these documents by posting them on a website maintained by the Company or by a third party under contract with the Company.  If the Company posts these documents on a website, it shall notify the Participant by email or such other reasonable manner as then determined by the Company.

		
	(c)
	Beneficiary.  The Participant may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.  If no designated beneficiary survives the Participant, the executor or administrator of the Participant’s estate shall be deemed to be the Participant’s beneficiary.

		
	(d)
	Entire Agreement.  Except as otherwise provided in Section 7(a) above, this Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations, and negotiations in respect thereto.  No change, modification, or waiver of any provision of this Agreement shall be valid unless the same be in writing and signed by the parties hereto.

		
	(e)
	Governing Law.  This Agreement shall be construed and interpreted in accordance with the laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction which could cause the application of the laws of any jurisdiction other than the State of Delaware.

[Remainder of page intentionally left blank; signature page to follow]

THE UNDERSIGNED PARTICIPANT ACKNOWLEDGES RECEIPT OF THE PLAN AND, AS AN EXPRESS CONDITION TO THE GRANT OF THE RESTRICTED STOCK UNITS UNDER THIS AGREEMENT, AGREES TO BE BOUND BY THE TERMS OF BOTH THE AGREEMENT AND THE PLAN.
Tribune Media Company
		
	By:
	_______________________________

Name:
Title:

Accepted and Agreed by the Participant:

_______________________________

[Signature Page to Restricted Stock Unit Agreement]

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