Document:

Employment Agreement

 Exhibit 10.1 
 

 
 November 5, 2008 
 Nigel (Ben)
Bennett 
 c/o OpenTV Corp. 
 275 Sacramento Street 
 San Francisco, California 94111 
 Dear Ben: 
 This letter agreement (“Agreement”) confirms the terms of your promotion, effective as of March 5, 2008 to Chief Executive Officer
of OpenTV reporting to the Board of Directors of OpenTV (the “Board”) through the Executive Chairman of the Board. As Chief Executive Officer, you shall have the rights, powers, duties and obligations as are customarily associated
with such offices and such other rights, powers, duties and obligations as may be agreed upon from time to time with me and/or the Board. Your principal place of work, subject to reasonable and customary travel, shall be at the OpenTV offices
located in San Francisco, California. 
 In addition to your position as Chief Executive Officer, you will be nominated for a seat on the
Board and, once elected, you will be proposed as a member of the Executive Committee of the Board. If you become a member of the Board and its Executive Committee, you will receive no additional compensation for these roles pursuant to the
Board’s compensation policy. You understand that upon termination of your employment under this Agreement for any reason or in the event that OpenTV relieves you of your duties pursuant to Section 3(d), you shall automatically be deemed to
have resigned from the Board, any Committee of the Board and any board of directors or executive officer position with any subsidiary or affiliate of OpenTV, in each case without the right to any additional compensation or other benefits other than
those benefits that are expressly provided pursuant to Section 4 hereof. 
 During the course of your employment with OpenTV you shall
devote your full business time and efforts to OpenTV; provided, that, nothing herein shall prevent you from (i) participating in industry, trade, professional, charitable and community activities, (ii) serving on corporate, civic or
charitable boards or committees, and (iii) managing your personal investments and affairs, in each case so long as, in the reasonable judgment of the Board, such activities do not conflict with OpenTV’s interests or interfere with the
performance of your responsibilities to OpenTV. 

 In addition, the following terms and conditions will govern your employment with OpenTV: 
  

	1.	Compensation 

 a.
Base Salary 
 Effective March 5, 2008, your annual base salary is $475,000 ($39,583.33 on a monthly basis) (“Base
Salary”), which shall be paid to you in regular intervals in accordance with OpenTV’s customary payroll schedules for salaried employees, but in no event less frequently than twice each month. Your Base Salary shall be subject to a
non-negative annual adjustment based on the Consumer Price Index for All Urban Consumers (CPI-U) as published by the Bureau of Labor Statistics of the Department of Labor, with the first such adjustment to occur as of January 1, 2009 and
subsequent adjustments on the first day of each successive year. In addition, your Base Salary shall be subject to review on an annual basis in the sole discretion of the Board and the Compensation and Nominating Committee (the
“Committee”) of the Board. 
 b. Discretionary Bonus 
 For each of the calendar years in which you are employed by OpenTV, you shall be eligible for annual discretionary bonus awards (the target amount of
which shall be established by the Committee in its sole discretion prior to the commencement of any calendar year to which it relates), based on financial and strategic objectives agreed to annually by the Committee and the Board. Your discretionary
bonus, if any, will be paid to you, at the option of the Committee, in a cash payment, in shares of capital stock of OpenTV, or in a combination of cash and capital stock of OpenTV. Such annual discretionary bonus awards shall be payable or
issuable, as applicable, as soon as practicable after the Committee and Board can determine whether, and the degree to which, such financial and strategic objectives have been reached, but in no event later than the end of the calendar year
following the calendar year for which the bonus is payable. Subject to the terms and conditions of Section 4, a condition of receiving the bonus payment for any calendar year is that you remain employed until the date in the subsequent calendar
year on which the bonus is otherwise payable. 
 Your target bonus for 2008 is $300,000, which may change in subsequent years, as described
above, within the sole discretion of the Committee. 
 c. Restricted Stock 
 Upon your acceptance of the terms set forth in this Agreement, OpenTV shall recommend for approval by the Committee the issuance of One Hundred Thousand
(100,000) Class A Ordinary Shares (the “Restricted Shares”) to you under the OpenTV Corp. 2005 Incentive Plan (the “Incentive Plan’). The Restricted Shares shall be issued on the date of approval by the
Committee (the “Grant Date”) and shall be subject to the terms and conditions of the Restricted Share Agreement attached as Exhibit A to this Agreement. These terms and conditions include forfeiture conditions and
restrictions on sale, transfer and assignment (collectively, the “Restrictions”), which Restrictions shall lapse in accordance with the following schedule: the Restrictions shall lapse as to one-third (1/3) of the Restricted
Shares on March 5, 2009 and on each anniversary thereof the Restrictions shall lapse as to an additional one-third (1/3) of the Restricted Shares until the Restrictions shall have fully lapsed. The Restricted Shares are also subject to
other requirements, as further detailed in the Restricted Share Agreement.

 In addition, subject to the availability of sufficient shares under the Incentive Plan or a successor
plan and contingent upon your continued employment, the Committee will grant to you awards of One Hundred Thousand (100,000) Restricted Shares on terms substantially similar to the award described in the prior paragraph on the first business
day following each of January 1, 2009, January 1, 2010 and January 1, 2011. The Restrictions with respect to each such award of Restricted Shares shall lapse in accordance with the following schedule: the Restrictions shall lapse
as to one-third (1/3) of the Restricted Shares on each anniversary of the Grant Date until the Restrictions shall have fully lapsed. 
 d. Participation in Benefit Plans 
 You will have the right to participate in and to receive benefits from all present and
future life, accident, disability, medical, pension and savings plans and all similar benefits made available generally to executives of OpenTV. The amount and extent of benefits to which you are entitled shall be governed by the specific benefit
plan, as it may be amended from time to time. 
 e. Vacation 
 You will be entitled to five weeks of paid vacation per year, or such longer period as may be provided by OpenTV, and in accordance with OpenTV’s
policies. Such vacation shall be taken at such times and intervals as shall be determined by you, subject to the reasonable business needs of OpenTV. You shall not be permitted to accrue more than 1.75 times your annual vacation entitlement; any
vacation in excess of such amount is forfeited. 
 f. Car Allowance 
 Effective March 5, 2008, OpenTV will reimburse you for lease payments on a car for your use, with the actual amount of such reimbursement to be
agreed between you and the Executive Chairman of the Board. OpenTV will also reimburse you, subject to presentment of reasonably satisfactory documentation, for reasonable expenses incurred to operate the car, including the cost of repairing,
servicing and insuring the car, together with fuel costs for business use of the vehicle. To the extent OpenTV determines that any payments pursuant to this Section 1.f (the “Automobile Payments”) result in taxable income to
you, OpenTV will pay you an additional amount (the “Gross-Up Payment”) such that after payment of all taxes on the Gross-Up Payment, you are left with a sufficient amount of the Gross-Up Payment to pay the taxes on the Automobile
Payments. The Gross-Up Payment will be paid quarterly based on OpenTV’s best estimate of your effective tax rate, and all payments under this Section 1.f will be paid no later than the end of the calendar quarter following the month in
which the expenses are incurred. 
  

 g. Expenses 
 OpenTV shall pay or reimburse you promptly for all reasonable expenses and other disbursements incurred or paid by you in the performance of your duties and responsibilities to OpenTV, including those incurred or paid
in connection with business related travel, telecommunications and entertainment, subject to reasonable substantiation by you in accordance with OpenTV’s policies. 
 h. Withholding of Taxes. 
 You acknowledge and agree that OpenTV may withhold from any compensation
or benefits payable under this Agreement all federal, state, city and other taxes as shall be required pursuant to any law or governmental regulation or ruling. 
  

	2.	Term 

 The initial term of this Agreement shall
commence as of November 5, 2008 and end on the first anniversary thereof (the “Initial Term”), unless sooner terminated pursuant to Section 3. Unless either party gives notice of non-renewal no later than twelve
(12) months prior to the end of the Initial Term (or any subsequent renewal term), at the end of the Initial Term and at the end of each subsequent renewal term, this Agreement shall automatically renew for successive one-year periods (the
Initial Term together with any additional one-year periods are referred to as the “Term”) unless sooner terminated pursuant to Section 3. 
  

	3.	Termination 

 Your employment under this Agreement
may be terminated under the following circumstances: 
 a. Termination Upon Death. If your death occurs during the Term, your
employment and any obligations of OpenTV under this Agreement shall terminate as of the date of your death. Upon such termination, OpenTV shall pay to your estate a lump sum in an amount equal to the Accrued Obligation (as that term is defined in
Section 4) as of the effective date of such termination, subject to the terms of any applicable employment benefit arrangements and applicable law. All other rights and benefits of you and your dependents hereunder shall terminate upon such
termination, except for any right to the continuation of benefits otherwise provided by law. 
 b. Termination Upon Disability. If
during the Term you become physically or mentally disabled, whether totally or partially, so that you are unable to perform your essential job functions hereunder, with or without reasonable accommodation in accordance with the Americans With
Disabilities Act, as determined by the Board in its good faith judgment, for: (i) a period of one hundred twenty (120) consecutive days; or (ii) for shorter periods aggregating one hundred fifty (150) days during any twelve-month
period (“Disability”), OpenTV may terminate your employment by written notice, in which event your employment shall terminate ten (10) days after the date upon which OpenTV shall have given notice to you of its intention to
terminate your employment 

 
because of the Disability. Upon such termination, OpenTV shall pay to you a lump sum in an amount equal to the Accrued Obligation (as that term is defined in
Section 4) as of the effective date of such termination, subject to the terms of any applicable employment benefit arrangements and applicable law. All your other rights and benefits hereunder shall terminate upon such termination, except for
any right of you or your dependents to continue benefits pursuant to applicable law. Nothing in this paragraph shall be deemed to extend your employment or the Term. 
 c. Termination for Cause. 
 (i) OpenTV may terminate this Agreement and your
employment for Cause (as hereinafter defined) at any time upon written notice of such termination to you. Upon termination for Cause, OpenTV shall pay to you a lump sum in an amount equal to the Accrued Obligation (as that term is defined in
Section 4), subject to the terms on any applicable employment benefit arrangement and applicable law. In addition, all stock options granted to you under OpenTV’s equity issuance and incentive plans, including without limitation the OpenTV
Corp. 2005 Incentive Plan and all predecessor plans (collectively, “Stock Options”), notwithstanding any prior vesting, shall immediately terminate, and all Restricted Shares remaining subject to Restrictions shall be immediately
forfeited. All your other rights and benefits under this Agreement shall terminate upon such termination, except for any right to the continuation of benefits otherwise provided by law. You will not be entitled to receive any bonus awards, whether
in whole or in part, provided under Section 1.b. 
 (ii) For purposes of this Agreement, “Cause” shall
be deemed to have occurred upon the happening of any of the following: (1) the breach by you of any material provision of the Employee Proprietary Information and Inventions Agreement you have executed for the benefit of OpenTV (the
“Employee Inventions Agreement”), a copy of which is attached hereto as Exhibit B, (2) your having been charged with a felony under the laws of the United States or any state thereof (other than a traffic violation),
(3) your act of fraud, theft, embezzlement, other material act of dishonesty or any material breach of fiduciary duty owed to OpenTV, (4) your willful failure to perform, or gross neglect in the performance of, your duties and
responsibilities to OpenTV (other than as a result of illness or incapacity), (5) your violation of this Agreement, in any material respect, after failing to cure such violation within fourteen (14) days after notice of such violation,
(6) material violation of OpenTV’s policies and procedures, and/or (7) your agreement to settle any charges brought against you by the Securities and Exchange Commission with respect to any act or omission by you, which charges
involve an allegation of fraud or, in the good faith opinion of the Board, would reasonably likely to have resulted in a conviction had the matter proceeded. 
 d. Termination Without Cause. OpenTV may terminate this Agreement and your employment hereunder at any time, without Cause, upon twelve (12) months prior written notice by the Company to you and, except as
provided in Section 4 hereof, all your other rights and benefits hereunder shall terminate upon such termination, except for 

 
any right to the continuation of benefits otherwise provided by law. Following delivery of such notice, OpenTV may relieve you of your duties prior to the
expiration of such notice period and, provided you execute the waiver and release described in Section 4.d, you will receive a lump sum payment equal to the amount of your Base Salary that would have otherwise been payable until the expiration
of the notice period (the “Notice Period Expiration Date”), but you will not continue to be an employee during the notice period. The foregoing shall be in addition to, and not a substitute for, any severance payments to which you
may be entitled pursuant to Section 4.a, but for the avoidance of doubt, no additional Restricted Shares will be granted to you under Section 1.c after the date OpenTV delivers notice that it has relieved you of your duties as permitted by
this paragraph. 
 e. Resignation without Good Reason. In the event you elect to resign for a reason other than for Good Reason, you
agree to provide the Chairman of the Board with at least twelve (12) months’ prior written notice. In such event, OpenTV may relieve you of your duties prior to the expiration of such notice period by delivering a written notice to you
specifying the date of termination, in which case your employment with OpenTV shall terminate as of such date. If you resign for a reason other than for Good Reason, then you will be entitled to a lump sum in an amount equal to the Accrued
Obligation. All your other rights and benefits and those of your dependents hereunder shall terminate upon such termination, except for any right to the continuation of benefits otherwise provided by law. 
 f. Resignation for Good Reason. 
 (i) You may terminate this Agreement and your employment hereunder at any time with Good Reason (as hereinafter defined), upon thirty (30) days’ written notice by you to the Chairman of the Board (which
notice shall be received no later than fifteen (15) days following the end of the cure period set forth in clause (iii) below) and, except as provided in Section 4 hereof and any right to the continuation of benefits otherwise
provided by law, you shall have no right to receive any compensation or benefit hereunder after such termination. 
 (ii) For
purposes of this Agreement, “Good Reason” shall mean, without your written consent, one or more of the following conditions: (1) a material reduction of your Base Salary or (2) a material reduction of your authority,
duties or responsibilities (which caused a significant amount of your duties to be inconsistent with the duties and responsibilities normally assigned to a person serving in the capacity of Chief Executive Officer). 
 (iii) Good Reason shall not be deemed to exist unless OpenTV fails to cure the event giving rise to Good Reason within thirty
(30) days after receipt of your written notice thereof (which notice shall be received by OpenTV no later than thirty (30) days following the occurrence of the event you believe gives rise to Good Reason), which notice shall specifically
set forth the nature of such event and the corrective action reasonably sought by you. 
  

	4.	Severance Payments 

 a. Certain Severance
Payments for Termination without Cause or Resignation for Good Reason. 
 If OpenTV terminates this Agreement without Cause pursuant to
Section 3.d hereof or you terminate this Agreement for Good Reason pursuant to Section 3.f hereof, all compensation payable to you under Section 1 hereof shall cease as of the date of termination of this Agreement specified in
OpenTV’s or your notice, as the case may be (the “Termination Date”), and you will be entitled to the following (in addition to any amount that may be provided pursuant to Section 3.d, if applicable): 
 (i) a lump sum payment in an amount equal to the sum of (a) your Base Salary through the date of termination, (b) vacation time
not used as of the date of termination to the extent that such vacation time has been accrued during the calendar year of termination, calculated based upon your Base Salary at the date of termination, and (c) business expenses reimbursable
under this Agreement, in each case to the extent not theretofore paid (such amounts in (a), (b) and (c) being collectively referred to as the “Accrued Obligation”); 
 (ii) a lump sum payment in an amount equal to twelve (12) months of your Base Salary then in effect, payable within sixty
(60) days of termination; 
 (iii) in lieu of any bonus payments to which you might otherwise be entitled as a result of
your employment, a lump sum payment in an amount equal to 65% of your Base Salary then in effect (plus, in the event of a termination pursuant to Section 3.d, an additional lump sum payment in the amount of 65% of your then-current Base Salary
pro rated for the number of months you actually worked during the notice period), payable within sixty (60) days of termination; 
 (iv) the Restrictions applicable to the Restricted Shares issued pursuant to Section 1.c (and any other then outstanding award of restricted shares issued to you under the Plan) that would otherwise have lapsed
had you remained employed through the twelve (12) month anniversary of the date of your termination (or, in the case of a termination pursuant to Section 3.d, the twelve (12) month anniversary of the Notice Period Expiration Date)
shall lapse upon the date of your termination, and will be held in escrow pending satisfaction of the requirements of Section 4.d hereof; notwithstanding the foregoing, OpenTV may withhold a sufficient number of shares as of the date of your
termination to satisfy any tax withholding obligation which may arise as of the date of your termination as a result of this Section 4.a(iv); 
 (v) the Restrictions applicable to any Restricted Shares issued pursuant to Section 1.c (which have not already lapsed pursuant to Section 4.a(iv) above) shall lapse on the twelve (12) month anniversary
of the date of your termination (or, in the case of a termination pursuant to Section 3.d, the twelve (12) month anniversary of the Notice Period Expiration Date), provided that you remain in 

 
compliance with this Agreement and the Employee Inventions Agreement; notwithstanding the foregoing, OpenTV may withhold a sufficient number of shares as of
the date of your termination to satisfy any tax withholding obligation which may arise as of the date of your termination as a result of this Section 4.a(v); 
 (vi) immediate vesting of all then outstanding options granted to you under the Plan that would otherwise have vested had you remained
employed through the twelve (12) month anniversary of the date of your termination (or, in the case of a termination pursuant to Section 3.d, the twelve (12) month anniversary of the Notice Period Expiration Date); 
 (vii) all vested Stock Options held by you following the termination of your employment with OpenTV (including any Stock Options that vest
following the date of termination pursuant to the immediately preceding sub-paragraph above) shall remain exercisable until the earlier of (A) the date twelve (12) months following the date of your termination and (B) the scheduled
expiration of such Stock Option; 
 (viii) for a period of twelve (12) months (or, in the case of a termination pursuant
to Section 3.d, the twelve (12) month anniversary of the Notice Period Expiration Date) or until such earlier time as you are eligible to receive alternative health coverage from a subsequent employer, reimbursement of the monthly COBRA
payments actually made by you for continued health benefits during such period, less the contribution that would have been required to have been paid by you if you were an active employee during this period. 
 b. Certain Severance Payments for Termination due to Death or Disability. 
 If this Agreement is terminated by the Company pursuant to Section 3.a or 3.b, all compensation payable to you under Section 1 hereof shall
cease as of the date of termination of this Agreement specified in Section 3.a or 3.b (the “Termination Date”), and you will be entitled to the following: 
 (i) the Accrued Obligation; 
 (ii) a lump sum payment in an amount equal to six (6) months of your Base Salary then in effect, payable within sixty (60) days of the Termination Date; 
 (iii) in lieu of any bonus payments to which you might otherwise be entitled as a result of your employment, a lump sum payment in an
amount equal to 65% of your Base Salary then in effect pro rated for the number of months you actually worked in the applicable calendar year before the Termination Date, payable within sixty (60) days of termination; and 
  

 (iv) the Restrictions applicable to the Restricted Shares granted pursuant to
Section 1.c shall lapse as of the Termination Date and will be held in escrow pending satisfaction of the requirements of Section 4.d hereof; notwithstanding the foregoing, OpenTV may withhold a sufficient number of shares as of the
Termination Date to satisfy any tax withholding obligation which may arise as of the Termination Date as a result of this Section 4.b(iv). 
 c. No Severance Payments upon Termination for Cause or Resignation without Good Reason. 
 If this Agreement is terminated by
the Company pursuant to Section 3.c hereof or if you resign your employment for a reason other than for Good Reason, you shall not receive any severance payment under this Section 4. 
 d. Eligibility. 
 In order for you
(or, if applicable, your estate or legal representative) to be eligible to receive the severance payments and benefits provided for in this Section 4, you (or, if applicable, your estate or legal representative) will be obligated to execute and
deliver to OpenTV a full and complete waiver and release in OpenTV’s favor. 
  

	5.	Arbitration of Claims 

 You hereby acknowledge and
agree that, except as provided below, all disputes concerning your employment with OpenTV, the termination thereof, the breach by either party of the terms of this Agreement or any other matters relating to or arising from your employment with
OpenTV shall be resolved in binding arbitration in a proceeding in San Francisco, California, administered by and under the rules and regulations of the American Arbitration Association governing employment disputes. You and OpenTV also acknowledge
and agree that this Agreement shall be governed by the laws of the State of California (other than its conflicts of law principles), and the arbitrator shall apply such laws to all disputes and other matters considered in the arbitration process.
Both parties and the arbitrator will treat the arbitration process and the activities that occur in the proceedings as confidential. 
  

	6.	Compliance with Section 409A of the Internal Revenue Code 

 a. Each payment under this Agreement is intended to be a separate payment for purposes of Treas. Reg. § 1.409A-2(b), and is intended to be: (i) exempt from Section 409A of the Internal Revenue Code of
1986, as amended, the regulations and other binding guidance promulgated thereunder (“Section 409A”), including, but not limited to, by compliance with the short-term deferral exemption as specified in Treas. Reg. §
1.409A-1(b)(4) and the involuntary separation pay exception within the meaning of Treas. Reg. § 1.409A-1(b)(9)(iii), or (ii) in compliance with Section 409A, including, but not limited to, being paid pursuant to a fixed schedule or
specified date pursuant to Treas. Reg. § 1.409A-3(a) and the provisions of this Agreement will be administered, interpreted and construed accordingly (or disregarded to the extent such provision cannot be so administered, interpreted, or
construed). If this Agreement either fails to satisfy the requirements of Section 409A, or is not exempt from the application of Section 409A, then the parties hereby agree to amend or to clarify this Agreement in a timely manner so that
this Agreement either satisfies the requirements of Section 409A or is exempt from the application of Section 409A. 
  

 b. Notwithstanding any provision in this Agreement to the contrary, any termination of employment
contemplated under this Agreement shall satisfy the applicable requirements of a “separation from service” under Section 409A. To that end, in the event of termination of this Agreement other than for death, you agree to resign from
all positions held with OpenTV, including without limitation any position as an officer, director, manager, agent, trustee or consultant of any Employer Entity. For purposes of this Agreement, the term “Employer Entity” means OpenTV
and any parent, subsidiary or affiliate of OpenTV. 
 c. To ensure satisfaction of the requirements of Section 409A(b)(3) of the
Internal Revenue Code, assets shall not be set aside, reserved in a trust or other arrangement, or otherwise restricted for purposes of the payment of amounts payable under this Agreement. 
 d. OpenTV and you understand and acknowledge that the federal, state, local, and/or foreign tax consequences (including without limitation those tax
consequences implicated by Section 409A) of this Agreement are complex and subject to change, that no representations or warranties are being made herein by either OpenTV or you with respect to the tax consequences that may arise from the
performance of this Agreement, and neither OpenTV nor you will seek to hold the other responsible for tax consequences that may arise from the performance of this Agreement. 
  

	7.	Severability 

 If any of the provisions of this Agreement shall, for
any reason, be declared invalid, illegal or unenforceable in any respect by final judgment of any court or administrative body of competent jurisdiction, (a) such invalidity, illegality or unenforceability shall not affect the validity,
legality or enforceability of any other provision of this Agreement, and (b) this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. 
  

	8.	Miscellaneous 

 This Agreement, including the
Employee Inventions Agreement, and any stock option or restricted share agreement between you and OpenTV entered into pursuant to the Incentive Plan or any predecessor stock incentive plan adopted by OpenTV constitute the entire agreement,
arrangement and understanding between you and OpenTV on the nature and terms of your employment with OpenTV. This Agreement supersedes any prior or contemporaneous agreement, arrangement or understanding on this subject matter, except for any stock
option or restricted share agreement between you and OpenTV. By executing this Agreement as provided below, you expressly acknowledge the termination of any such prior agreement, arrangement or understanding. Also, by your execution of this
Agreement, you affirm that no one has made any written or verbal statement that contradicts the provisions of this Agreement. In the event of any 

 
inconsistency between the terms contained in this Agreement and the terms contained in any stock option or restricted share agreement between you and OpenTV,
the terms contained in this Agreement shall control, such that the provisions regarding vesting or termination contained in your stock option or restricted share agreements shall be superseded by the provisions of this Agreement to the extent of any
conflict. The terms of your employment set forth in this Agreement may only be modified by a written agreement signed by both OpenTV’s Executive Chairman and you, which agreement expressly alters this Agreement. The terms of your employment may
not be modified by any oral or implied agreement, or by any policies of OpenTV, practices or patterns of conduct. 
 This Agreement shall
inure to the benefit of and be binding upon you and OpenTV and any of our successors and assigns. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the parties hereto or such successors and assigns, any
rights, remedies, obligations or liabilities under or by reason of this Agreement. 
 You represent that you are knowledgeable and
sophisticated as to business matters, including the subject matter of this Agreement, that you have read this Agreement and that you understand its terms. You acknowledge that, prior to assenting to the terms of this Agreement, you have been given a
reasonable time to review it, to consult with counsel of your choice, and to negotiate at arm’s-length with OpenTV as to its contents. You and OpenTV agree that the language used in this Agreement is the language chosen by the parties to
express our mutual intent, and that both parties have entered into this Agreement freely and voluntarily and without pressure or coercion from anyone. 
 We are enthusiastic about your continuing employment with us and the contributions you can make to our executive management team and OpenTV. Please retain the original Agreement for your records and return the signed
copy to me. 
  

			
	Sincerely,
	
	OPENTV CORP.
		
	By:	 	/s/ André Kudelski
		 	André Kudelski
		 	Executive Chairman 

 Signature of Acceptance: 
  

	
	/s/ Nigel Bennett
	Nigel (Ben) Bennett

 Date: November 5, 2008Form of Restricted Share Agreement

 Exhibit 10.2 
 OPENTV CORP. 
 2005 INCENTIVE PLAN 
 Restricted Share Agreement 
 RESTRICTED SHARE AGREEMENT dated as
of             , 2008 (the “Grant Date”), between OpenTV Corp. (the “Company”) and Ben Bennett (“Grantee”). 
 Recitals 
 A. Grantee is an
employee of the Company or one of its Subsidiaries. 
 B. The Company has adopted the OpenTV Corp. 2005 Incentive Plan, effective
October 13, 2005 (the “Plan”), which is incorporated herein by reference. This Agreement is entered into pursuant to Section 11.5 of the Plan. Any capitalized terms used herein and not otherwise defined are used as defined in the
Plan. 
 C. Pursuant to an Employment Agreement dated November 5, 2008 between Grantee and the Company (the “Employment
Agreement”), Grantee is entitled to the Restricted Shares (as defined below) in recognition of Grantee’s contributions to the Company. 
 NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Grantee hereby agree to the following: 
 1. Grant of Restricted Shares. The Company hereby awards to Grantee under the Plan, subject to the terms and conditions hereinafter set forth,
100,000 shares (the “Restricted Shares”) of the Company’s Class A Ordinary Shares, no par value. The Restricted Shares will be registered in the name of Grantee and will be recorded electronically via the Direct Registration
System with BNY Mellon Shareowner Services, the Company’s transfer agent. The Restricted Shares will bear an appropriate legend referring to the terms, conditions, and restrictions applicable to the Restricted Shares, substantially in the
following form: 
 The transferability of the Class A Ordinary Shares represented by this electronic record are subject to the terms,
conditions and restrictions (including forfeiture) contained in the Restricted Share Agreement, effective as of             , 2008, between OpenTV Corp. and the registered owner
hereof. Copies of such Agreement are on file in the offices of OpenTV Corp., 275 Sacramento Street, San Francisco, California 94111. 
 2.
Transfer Restrictions. The Restricted Shares may not be transferred or assigned in any manner otherwise than by will or by the laws of descent or distribution or pursuant to a Domestic relations order. Upon any attempt to effect any such
transfer or assignment, the award provided for herein shall immediately become null and void, and the Restricted Shares shall be immediately forfeited to the Company. The terms of this Agreement shall be binding upon the executors, administrators,
heirs, successors and assigns of Grantee. 
  

 3. Restrictions. Subject to the forfeiture provisions referred to in Section 4 hereof, the
restrictions on the Restricted Shares shall lapse with respect to one-third of the Restricted Shares on each of March 5, 2009, 2010 and 2011. If application of the foregoing schedule causes a fractional Share, such fractional Share shall
be rounded down to the nearest whole Share. After the restrictions lapse, the Class A Ordinary Shares shall no longer be “Restricted Shares” and shall be fully vested in and owned by the Grantee. 
 4. Termination of Employment. Sections 3 and 4 of the Employment Agreement set forth certain terms and conditions in respect of the Restricted
Shares that are applicable upon termination of Grantee’s employment, which terms and conditions are incorporated herein by reference. 
 5. Distribution Following Termination of Restrictions. Upon the lapsing of the restrictions as to any portion of the Restricted Shares that have vested to Grantee pursuant to the terms hereof, the Company will instruct BNY Mellon
Shareowner Services to remove, in respect of such portion of the Restricted Shares, the restrictive legend regarding transferability; provided that the Company shall not be obligated to issue any fractional shares. 
 6. Voting and Dividend Rights. During the period in which the restrictions provided herein are applicable to the Restricted Shares, Grantee shall
have the right to vote the Restricted Shares and to receive any cash dividends paid with respect thereto unless and until forfeiture thereof. Any dividend or distribution payable with respect to Restricted Shares that shall be paid or distributed in
shares of Class A Ordinary Shares shall be subject to the same restrictions provided for herein, and the shares so paid or distributed shall be deemed Restricted Shares subject to all terms and conditions herein. Any dividend or distribution
(other than in cash or Class A Ordinary Shares) payable or distributable on Restricted Shares, unless otherwise determined by the Committee, shall be subject to the terms and conditions of this Agreement to the same extent and in the same
manner as the Restricted Shares are subject; provided that the Committee may make such modifications and additions to the terms and conditions (including restrictions on transfer and the conditions to the timing and degree of lapse of such
restrictions) that shall become applicable to such dividend or distribution as the Committee may provide in its absolute discretion. 
 7.
Change in Control. Upon a Change in Control, if the Company or the survivor or successor entity in the transaction does not assume this Agreement in a manner that provides substantially the same benefits to Grantee as existed under this
Agreement prior to the Change of Control, all restrictions shall lapse on the Restricted Shares. 
 A “Change in Control” shall be
deemed to have occurred if: 
 (a) any person (as defined in Sections 13(d) and 14(d) of the Exchange Act) (a “Person”) is or
becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company (not including in the amount of the securities beneficially owned by such person any such securities
acquired directly from the Company or its Subsidiaries) representing 50% or more of the combined voting power of the Company’s then outstanding voting securities; provided, however, that for purposes of this Agreement, the term
“Person” shall not include (A) the Company or any of its Affiliates, (B) a 

 
trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Affiliates, (C) an underwriter temporarily
holding securities pursuant to an offering of such securities, or (D) a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company; and
provided, further, however, that for purposes of this paragraph (i), there shall be excluded any Person who becomes such a beneficial owner in connection with an Excluded Transaction (as defined in paragraph (c) below); 
 (b) the following individuals cease for any reason to constitute a majority of the number of members of the Company’s Board (“Directors”)
then serving: individuals who, on the date hereof, constitute the Board and any new Director (other than a Director whose initial assumption of office is in connection with an actual or threatened election contest including but not limited to a
consent solicitation, relating to the election of Directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s shareholders was approved or recommended by a vote of at least two-thirds
(2/3) of the Directors then still in office who either were Directors on the date hereof or whose appointment, election or nomination for election was previously so approved; or 
 (c) there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary thereof with any other corporation, other than a
merger or consolidation (an “Excluded Transaction”) which would result in the holders of the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving corporation or any parent thereof) at least 50% of the combined voting power of the voting securities of the entity surviving the merger or consolidation (or the parent of such surviving entity)
immediately after such merger or consolidation, or 
 (d) the shareholders of the Company approve a plan of complete liquidation of the
Company, or there is consummated the sale or other disposition of all or substantially all of the Company’s assets. 
 8. Corporate
Structure Change. Except as otherwise provided in the Plan in the case of a Change in Control of the Company, in the event of any merger, consolidation, reorganization, recapitalization, reclassification or other capital or corporate structure
change of the Company, the securities or other consideration receivable for or in conversion of or exchange for Restricted Shares shall be subject to the terms and conditions of this Agreement to the same extent and in the same manner as the
Restricted Shares are subject; provided that the Board of Directors may make such modifications and additions to the terms and conditions (including restrictions on transfer and the conditions to the timing and degree of lapse of such restrictions)
that shall become applicable to the securities or other consideration so receivable as the Board of Directors may provide in its absolute discretion. 
 9. Tax Withholding. The obligation of the Company to remove restrictions applicable to the Restricted Shares on behalf of Grantee pursuant to Section 5 hereof shall be subject to the receipt by the Company
from Grantee of any withholding taxes required as a result of the award of the Restricted Shares or lapsing of restrictions thereon. Unless the Committee shall determine otherwise at any time after the date hereof, Grantee may satisfy all or part of

 
such withholding tax requirement by electing to sell to the Company a designated number of unrestricted shares of Class A Ordinary Shares held by
Grantee at a price per share equal to the Fair Market Value of such shares, provided that the aggregate value of the shares sold does not exceed the minimum required tax withholding obligation. 
 10. Securities Laws Requirements. The Company shall not be required to issue Restricted Shares unless and until (i) such shares have been
duly listed upon each stock exchange on which Class A Ordinary Shares are then registered and (ii) the Company has complied with applicable federal and state securities laws. The Company may require Grantee to furnish to the Company, prior
to the issuance of any Restricted Shares, an instrument, in such form as the Committee may from time to time deem appropriate, in which Grantee represents that the Restricted Shares acquired by him hereunder are being acquired for investment and not
with a view to the sale or distribution thereof. 
 11. Incorporation of Plan Provisions. This Agreement and the award of Restricted
Shares hereunder are made pursuant to the Plan and are subject to all of the terms and provisions of the Plan as if the same were fully set forth herein. In the event that any provision of this Agreement conflicts with the Plan, the provisions of
the Plan shall control. Grantee acknowledges receipt of a copy of the Plan and agrees that all decisions under and interpretations of the Plan by the Committee shall be final, binding and conclusive upon Grantee. Capitalized terms not otherwise
defined herein shall have the same meanings set forth in the Plan for such terms. 
 12. No Rights to Employment. Nothing contained in
this Agreement shall confer upon Grantee any right to continued employment by the Company or any Subsidiary, or limit in any way the right of the Company or any Subsidiary to terminate or modify the terms of Grantee’s employment at any time.

 13. Code Section 409A. If any provision of this Agreement would result in the imposition of an excise tax under
Section 409A of the Code and related regulations and Treasury pronouncements (“Section 409A”), that provision will be reformed to avoid imposition of the excise tax and no action taken to comply with Section 409A shall be deemed
to impair a benefit under this Agreement or require the consent of the Grantee. 
  

 14. Miscellaneous. 
 THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICT OF LAWS. 
 This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns. 
 If any term or provision of this Agreement should be invalid or unenforceable, such provision shall be severed from this Agreement, and all other terms
and provisions hereof shall remain in full force and effect. 
 This Agreement, including the relevant provisions of the Plan, and the
Employment Agreement constitute the entire agreement between the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, both written and oral, with respect to the subject hereof. This Agreement may
not be amended, except by an instrument in writing signed by the Company and Grantee. 
 This Agreement may be executed in one or more
counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. 
 IN WITNESS
WHEREOF, the parties hereto have executed this Agreement as of the date first above written. 
  

					
	OPENTV CORP.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 Grantee has had an opportunity to obtain the advice of counsel prior to executing this
Agreement and fully understands all provisions of the Agreement. Grantee further agrees to notify the Company upon any change in the residence address indicated below. 
  

					
	Dated:	 		 	 
		 		 	BEN BENNETT
			
		 		 	Residence Address:

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