Document:

EX-10.1

 Exhibit 10.1 
  

 
  

					
		 		  	 Viavi Solutions Inc.
 430 North McCarthy
Boulevard
 Milpitas, CA 95035
 USA

 
 Tel    +1 408 404 1234 direct

         +1 866 228 3762 tool free
  

www.viavisolutions.com

 August 6, 2015 
 Dear Amar,

 On behalf of Viavi Solutions Inc. (sometimes hereafter referred to as “Viavi” or “the Company”), it is my pleasure to confirm our
offer of employment to you in the position of Executive Vice President, Chief Financial Officer, reporting directly to our Chief Executive Officer. The terms of our employment offer, which remain subject to the approval of the Compensation Committee
of our Board of Directors (the “Compensation Committee”), are as follows. 
 This is a regular full-time position and your category of employment
will be Exempt. Your grade level within Viavi’s compensation and leveling structure will be E300. Your starting salary will be $425,000 per year and will be paid bi-weekly at the approximate rate of $16,346.15, less required tax withholding and
deductions. 
 Additionally, we will provide you with a New Hire Bonus payment in the amount of $370,000 less required deductions. The New Hire Bonus will
be paid along with your first regular paycheck. The New Hire Bonus will be repayable to the Company on a pro-rated basis in the event you voluntarily terminate your employment with Viavi within 12 months of your start date. 

Your employment with Viavi will include participation in the Company’s Variable Pay Plan (our cash incentive plan), as such plan is approved by the Board
of Directors from time to time, with an initial target incentive opportunity equal to 85% of your annual base salary. You will be eligible to participate in the Company’s Variable Pay Plan upon the commencement of your employment. Actual bonus
payments are calculated based upon eligible earnings during each applicable fiscal half year period (the first and second halves of our fiscal year), which generally include base salary only, and exclude special payments such as bonuses, benefits,
etc. 
 Please note that all incentive compensation opportunity payments are subject to the terms and conditions of the applicable plan(s) as approved by
the Board of Directors and your eligibility for incentive payments will be contingent upon you remaining an employee of the Company on the bonus payment date selected by the Company. 

Also, you will receive the following equity awards: 
  

	 	1.	 An award of time-based restricted stock units (the “Time-Based RSUs”), with the number of units determined by dividing $1,050,000 by the
average market closing price per share of Company common stock over the thirty-day period immediately preceding the award grant 

	 	
date (with such average closing price adjusted, as applicable, to reflect the spin-off of Lumentum Holdings, Inc.), and which will vest in equal annual installments over four years from their
grant date. 

  

	 	2.	An award of performance-based restricted stock units (the “Performance RSUs”), with the number of units (at 100% of target) determined by dividing $1,050,000 by the average market closing price per share of
Company common stock over the thirty-day period immediately preceding the award grant date (with such average closing price adjusted, as applicable, to reflect the spin-off of Lumentum Holdings, Inc.), and with earned shares vesting annually over
four years. 

 The Time-Based RSUs and the Performance RSUs will be granted on the 15th day of the month following the commencement of your
employment. The Performance RSUs will have vesting criteria aligned with the Company’s Executive Performance Plan to be approved at the August, 2015 Compensation Committee meeting. 

All equity awards are subject to the approval of the Compensation Committee and to the terms and conditions of the Company’s Amended and Restated 2003
Equity Incentive Plan, as amended from time to time or its successor, and to the applicable grant agreements. 
 Viavi offers a comprehensive benefit
program including health, vision, dental and life and disability insurance benefits for which you will be eligible on your date of hire. You will also be eligible to participate in the Company’s 401K Retirement Plan and Employee Stock Purchase
Plan (ESPP). Other benefits include paid time off, paid holidays, and flexible spending accounts for child and health care. Additional benefit information will be provided at your New Employee Orientation. 

The Company considers its confidential and proprietary information to be a key to its future success. Accordingly, pursuant to Company policy, this offer is
conditioned upon your acceptance of the terms and conditions of the Company’s Employee Proprietary Information and Inventions Agreement, a copy of which is enclosed. Additionally, this offer and your employment are conditioned upon successful
completion of the Company’s background check process including reference checks. Please also note that upon commencement of employment you will be subject to the terms of the Company’s Policy Regarding Inside Information and Securities
Transactions and Viavi’s Code of Business Conduct. 
 Your employment with Viavi is voluntarily entered into and is for no specified period. As a
result, you will be free to resign at any time, for any reason, or for no reason at all. Similarly, the Company will be free to conclude its at-will employment relationship with you at any time, with or without notice or cause. 

If your employment is terminated involuntarily by the Company other than for “Cause”, and (as defined below) and provided that you execute a
separation agreement and general release of claims provided to you at the time of termination and such release of claims has become irrevocable in accordance with its terms on or before the 60th
day following the date of your employment termination, you will be eligible for the following severance and benefits: 
  

	 	•	 	An aggregate amount equal to eighteen (18) months of your base salary, which will be paid in a lump sum on the Company’s first regular payroll date occurring at least five (5) business days following the
effective date of your release of claims (but in any event no later than the 15th day of the third calendar month following the year in which your involuntary employment termination date occurs). 

	 	•	 	Provided that the date of your involuntary termination by the Company occurs within the first eighteen (18) months of your employment, the vesting of your new hire equity awards described above, will be accelerated
as follows: 

  

	 	•	 	100% of the Time-Based RSUs that remain unvested at the date of your involuntary termination of employment will vest in full as of your termination date (but subject to your effective release of claims) and will be
settled no later than the 15th day of the third calendar month following the year in which your termination date occurs. 

  

	 	•	 	Provided that the Company is then performing at a rate equal to 90% of its Operating Income (OI) target based on its Annual Operating Plan (AOP) on a year-to-date basis for the then current fiscal year, 100% of the
target level of the Performance RSUs that remain unvested at the date of your involuntary termination of employment will vest in full as of your termination date (but subject to your effective release of claims) and will be settled no later than the
15th day of the third calendar month following the year in which your termination date occurs. 

 For purposes of this letter,
“Cause” is defined as (a) your willful malfeasance, which has a material adverse impact upon the Company; (b) your substantial and continuing willful refusal to perform duties ordinarily performed by an employee in the same or
similar position; (c) your conviction of a felony, or of a misdemeanor which would have a material adverse effect on the Company’s goodwill if you were to be retained as an employee of the Company; or (d) your willful failure to
comply with the written policies and procedures of the Company including but not limited to the Company’s Code of Business Conduct and Policy Regarding Inside Information and Securities Transactions. 

This paragraph is intended to be the complete and exclusive statement regarding the circumstances under which your employment may be terminated and supersedes
any prior agreement or representation. If any of its terms conflict with any practice or policy of Viavi, now or in the future, these terms will control and may not be changed except by written agreement signed by an authorized representative of the
Company. 
 The Company intends that income provided to you pursuant to this letter will not be subject to taxation under Section 409A of the Internal
Revenue Code and the Treasury Regulations thereunder (“Section 409A”) and that the severance payments and benefits described above will be exempt under the “short term deferral” exemption under Section 409A. The provisions
of this letter will be interpreted and construed in favor of satisfying such exemption. 
 An Employment Eligibility Verification, or I-9, form is required
under the Immigration Reform and Control Act of 1986. All employees must complete this form within three days of their start date. Please bring your identification documents (i.e., a current or expired passport, or driver’s license and Social
Security card) with you to your New Employee Orientation. 
 If the terms and conditions of this employment offer as summarized above are acceptable to you,
please indicate your acceptance by signing and returning the following documents to us by August 6, 2015. 
  

	 	1.	Signed duplicate copy of this letter 

  

	 	2.	Executed Employee Proprietary Information and Inventions Agreement 

  

	 	3.	Completed U.S. Export Control Form 

 Amar, we are pleased to provide you with this offer of employment, and look forward to you joining our team.
Should you have any questions regarding the terms of the employment offer, compensation, or benefits package please contact me directly. 
 Sincerely, 

 
 

 
 Michael Burkhard 
 Vice
President, Human Resources 
 Enclosures: 
  

	 	1.	Employee Proprietary Information and Inventions Agreement 

  

	 	2.	Authorization for Release of Information 

  

	 	3.	U.S. Export Control Form 

 I accept this offer of employment with Viavi under the terms described in this
letter. I acknowledge that this letter is the complete agreement concerning my employment and supersedes all prior or concurrent agreements and representations and may not be modified in any way except in writing executed by an authorized agent of
Viavi. 
  

									
	 /s/ Amar Maletira
	 		  	 August 6, 2015
	  		  	
	Amar Maletira	 		  	Date	  		  	

 Anticipated start date: September 9, 2015EX 10.1 - Rajat Taneja BOD Offer Letter

May 15, 2015 

Mr. Rajat Taneja 

          Re:      Board of Directors of Ellie Mae, Inc. 

Dear Rajat: 

On behalf of the Board of Directors (the "Board") of Ellie Mae, Inc. (the "Company"), we are pleased to set forth the terms and conditions pursuant to which you are being offered an opportunity to serve as a member of the Board. We anticipate that you would be appointed as a member of the Board effective June 17, 2015 (the "Effective Date") as a Class I director to serve until the annual meeting to be held in 2018 in accordance with the Company’s charter documents. Please note that your appointment to the Board is subject to formal approval by the Board at the Board’s June 17, 2015 meeting, which will take place immediately following the Company’s annual meeting of stockholders. 
Board Responsibilities. The Company’s current schedule includes approximately four regular in-person meetings of the Board per year in Pleasanton, California, plus additional special meetings as called by the Board from time to time which usually take place via teleconference. In addition to your attendance at Board meetings, we expect to take advantage of your expertise by reaching out to you for advice and counsel between meetings, and we anticipate that you will be made a member of the Technology Committee of the Board, which will also meet at least quarterly. Of course, we may ask that you consider serving on other committees of the Board from time to time. All of this is subject to the Board’s discretion. 
As a member of the Board, you will owe fiduciary duties to the Company and its stockholders, such as the duty of care, duty of loyalty and the duty of disclosure, which include protecting Company proprietary information from unauthorized use or disclosure. Additionally, we intend to enter into the Company’s standard form of indemnification agreement with you. If you would like to learn more about your fiduciary duties as a director or the indemnification agreement, I would be happy to arrange a meeting for you with our outside corporate counsel, Andrew Thorpe, a partner of Orrick, Herrington & Sutcliffe LLP. 
Retainer. During the term of your service as a director, you shall receive an annual cash retainer of $32,000 for your service on the Board, and an additional annual cash retainer of $6,000 for your service on the Technology Committee. The Compensation Committee will periodically review the compensation of the Company’s non-employee directors, and, of course, if you later serve on any other committee of the Board, you would receive an additional retainer consistent with that provided to other members of such committee. 
Initial Grant (RSUs). Subject to compliance with applicable state and federal securities laws, on the Effective Date you will be automatically granted Restricted Stock Units (the "Initial Grant") with a value equal to $150,000 based on the volume-weighted average closing price of the Company’s common stock for the thirty days prior to the date of this letter. The Initial Grant will be subject to the terms of the Company’s equity incentive plan, as may be in effect from time to time (the "Plan"), and a Restricted Stock Unit award agreement to be entered into between you and the Company. Subject to your continued service to the Company, the Initial Grant shall vest, and the shares subject thereto distributed, as follows: 1/3rd of the shares will vest on each anniversary of the grant date, such that the Initial Grant shall be fully vested on the third (3rd) anniversary of the grant date. 
Subsequent Grants (Stock Options and RSUs). Under the policies adopted by the Board, you will be eligible for future grants of non-statutory stock options and RSUs ("Subsequent Grants") to be granted automatically on the date of the Company’s annual meeting. The Subsequent Grant currently includes stock options with a value equal to $100,000 and Restricted Stock Units with a value equal to $100,000. We anticipate that all Subsequent Grants will, in accordance with the policies adopted by the Board, provide for the following: 
Stock options granted pursuant to the Subsequent Grant will be exercisable at a price per share equal to the fair market value of the Common Stock on the grant date as then determined by the Board and will be subject to the terms of the Plan and a stock option agreement to be entered into between you and the Company. RSUs granted pursuant to the Subsequent Grant will be issued pursuant to a Restricted Stock Unit award agreement to be entered into between you and the Company. 

Subject to your continued service to the Company, the Subsequent Grant will vest as follows: Stock options granted pursuant to the Subsequent Grant will vest 1/12th on each monthly anniversary of the grant date, such that the stock options will be fully vested on the first (1st) anniversary of the grant date. Restricted Stock Units granted pursuant to the Subsequent Grant will vest in full on the first (1st) anniversary of the grant date. 
The grant of any Subsequent Grants and the terms thereof are subject to the policies adopted by the Board, which may change. 
Vesting Acceleration. Upon a Change in Control of the Company (as defined in the Plan), your stock options, RSUs and other equity awards with respect to the Common Stock will become fully vested and/or exercisable. 
Business Expense Reimbursements. You will be authorized to incur on behalf and for the benefit of, and will be reimbursed by, the Company for reasonable documented expenses related to your service on the Board, provided such expenses are in accordance with Company policies. 
At-Will Relationship. You are free to end your relationship as a member of the Board at any time and for any reason. In addition, your right to serve as a member of the Board is subject to the provisions of the Company’s charter documents. 
Assuming that you find the foregoing acceptable, we welcome you to the Board and look forward to your participation as a director. Please call Sig Anderman at 925-227-7050 if you have any questions or comments regarding the terms described above.
                    	
		
	Sincerely,

	 
	 

	Ellie Mae, Inc.

	 
	 

	By:
	/s/ Sigmund Anderman

	 
	Sigmund Anderman

	 
	Executive Chairman

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