Document:

Letter Agreement between Epicor and Mark Duffell

 Exhibit 10.2 
 

 
 February 19, 2008 
 Mr. Mark A. Duffell 
 2 Hubbard Way 
 Coto De Caza, CA 92679 
 Dear Mark: 
 This letter will confirm our agreement regarding the terms of your separation from Epicor Software Corporation (“Company”). We have agreed as follows: 
  

	1.	Your last day of employment with the Company is/will be March 31, 2008 (“Termination Date”). You will receive payment in full of all wages, and any other compensation
due through your Termination Date. However, from the date of this letter through the Termination Date, your employment with the Company is at will, shall remain at will, and either party may terminate your employment relationship with the Company
with or without cause and with or without notice. In the event the Company terminates your employment prior to March 31, 2008, the date of termination shall be the “Termination Date” for purposes of this Agreement.

  

	2.	Your last day as the Company’s COO and President will be February 19, 2008. Between February 20, 2008 and March 31, 2008, you will report directly to and work
with Company Chairman and CEO George Klaus and Board member Tom Kelly on various transition and wrap up projects including the NSB transition and integration plan. During such period, you will remain employed and will be expected to actively provide
services in order to complete appropriate integration and transition plans in order to effect a smooth transition. 

  

	3.	On the Termination Date, you will be deemed to have resigned voluntarily from all Company positions held by you, without any further action by you; provided, however, that if the
Company requests, you will execute any documents necessary to reflect your resignation. 

  

	4.	In the event that you sign this Release Agreement (“Agreement”), comply with its terms and execute a Supplemental Release (a copy of which is attached as Exhibit A)
on or after March 31, 2008 (but no later than April 7, 2008), you will be paid the following consideration: 

  

	 	a.	The equivalent of six months of salary, or two hundred and twenty thousand dollars ($220,000.00), less applicable deductions and withholdings, and payable to you on a semi-monthly
(every two weeks) basis for the 6 month period beginning April 1, 2008. 

  

	 	b.	The equivalent of one-half of your 2008 100% “on-target” bonus opportunity as stated in your FY08 Executive Bonus Plan, or one-hundred and twenty one thousand dollars
($121,000), less applicable deductions and withholdings. This amount will be paid when other Executive Bonuses for FY08 are paid, which date is currently estimated to be on or about February 15, 2009, but in no event later than the date that is
two and half months following the Company’s 2008 fiscal year. 

  

	 	c.	 Your termination date for Company group health and welfare benefits – medical, dental, vision, life and disability insurances – will be March 31,
2008. You will have the right to continue your group health insurance (medical, dental, and vision), under COBRA as well as your supplemental coverage under Execu-U-Care. Information regarding COBRA coverage will be sent to you at your home address.
The Company will pay the actual COBRA premiums for which you are responsible directly to the COBRA administrator for the six month period between April 1, 2008 through September 30, 2008, provided you complete and return the COBRA
information timely 

 Mark A. Duffell 
 February 19, 2008 
 Page 2 of 11 
  

	 	 
and according to the instructions you will receive. The Company will also reimburse you for any health care expenses not covered by COBRA that you incur and
which are covered by and through the supplemental Exec-U-Care program for the same six month period, provided that you continue to comply with the terms of such program and policy including promptly submitting claims to the Company for
reimbursement. 

  

	 	d.	As you know, on July 19, 2005, you were granted the right to purchase 80,000 shares of Company restricted stock, which stock was subject to a lapsing right of repurchase in the
Company. As of the Termination Date, 30,000 shares of such Restricted Stock would be “unvested” pursuant to the applicable vesting schedule set forth in your restricted stock purchase agreement. As a result, such 30,000 shares of
Restricted Stock would remain subject to a right of repurchase in the Company. We agree that effective March 31, 2008, all such 30,000 shares of Restricted Stock shall “vest” in your name and that the Company’s right of
repurchase as to such shares shall lapse as of such date. 

  

	 	e.	Any and all vested Company stock options in your name as of the Termination Date shall be exercisable by you six (6) months following the Termination Date (August 30, 2008)..

  

	5.	Your eligibility to participate in the Company’s 401(k) plan will cease on the Termination Date and you will be sent information regarding your distribution alternatives for
your account. Your eligibility to participate in all other benefit plans maintained by the Company will also cease on the Termination Date (except to the extent that you are eligible for COBRA coverage or other continued coverage pursuant to
Section 4(c) of this Agreement). Any and all unvested Company stock options in your name as of the Termination Date shall be forfeited and cancelled as will any Restricted Stock shares granted to you under the Company’s Performance Based
Restricted Stock Plan for 2008 or 2009. 

  

	6.	Within twenty (20) days of the Termination Date, you will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through the
Termination Date, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice. 

  

	7.	Upon Company’s compliance with the payment terms included herein, you confirm that the Company has paid all salary, wages, severance, bonuses, vesting, stock, stock options,
commissions and any other benefits and compensation you are due (including your final paycheck and reimbursement for employee stock plan contributions up through and including March 31, 2008). Except as expressly provided in this Agreement, you
will not receive any other compensation of any kind, including severance, benefits, vesting, shares of stock (restricted or otherwise) or stock options. 

  

	8.	The Company records will indicate your reason for leaving as a voluntary resignation. To the extent requested by you, the Company will confirm dates of employment. Inquiries seeking
job references will be directed to me or my successor. 

  

	9.	On or before March 31, 2008, you will return to the Company all Company documents (and all copies thereof) and other Company property, which you have had in your possession at
any time, and any materials of any kind, which contain or embody any proprietary or confidential information of the Company (and all reproductions thereof) (“Internal Company Materials”). We agree you may keep your cell phone, blackberry
and one laptop computer, (subject to verification no later than March 31, 2008 that they no longer contain Internal Company Materials and your representation that you will add no Internal Company Materials to these devices before the
Termination Date), and will have transferred service to your name after the Termination Date. 

  

	10.	 You agree not to disparage or defame (including libel and slander) the Company and its officers, directors, employees, agents, investors, shareholders,
subsidiaries, predecessor and successor corporations, and assigns, or tortiously interfere with the contracts or relationships of these individuals and 

 Mark A. Duffell 
 February 19, 2008 
 Page 3 of 11 
  

	 	 
entities. You also agree not to act in any manner that might damage the business of the Company or its employees, and that you will not knowingly encourage,
advise or assist any Company employee or former Company employee to prosecute any claim, charge or complaint against the Company. The Company agrees to advise its executive management team not to disparage or defame (including libel and slander)
you, and agrees not to knowingly interfere with your contracts or business relationships. 

  

	11.	You further acknowledge that your fulfillment of the obligations contained in your Employee Proprietary Information Agreement, including, but not limited to, your obligation neither
to disclose nor to use the Company’s proprietary or confidential information other than for the Company’s benefit is necessary to protect the Company’s confidential information, customers and customer relationships, and, consequently,
to preserve the value and goodwill of the Company, and you hereby agree to continue to comply with the terms and conditions set forth in such agreement. 

  

	12.	You agree that you will not, during the period between the Termination Date and March 15, 2009: (a) personally or through others, encourage, induce, attempt to induce,
solicit or attempt to solicit (on your own behalf or on behalf of any other person or entity) any employee of Company, or its subsidiaries to leave his or her employment with Company or its subsidiaries; or (b) employ, or permit any entity over
which you exercise voting control to employ any person who shall have voluntarily terminated his or her employment with Company or its subsidiaries until such time as the employee has not been an employee of Company or its subsidiaries for at least
six months. 

  

	13.	You agree that your commitments under this Agreement, including paragraphs 9 through 12 and 16, are material factors to the Company’s decision to enter into this Agreement,
including the severance provisions included herein and that the material breach by you of any of your obligations under this Agreement, including those specified provisions will constitute grounds for the immediate termination of the Company’s
obligation to pay any unpaid severance payments, including the bonus and/or severance pay and continued benefit coverage under paragraph 4 of this Agreement, and will entitle the Company to recover the severance benefits already provided to you
pursuant to this Agreement. 

  

	14.	Since the consideration you are receiving under this Agreement and the Supplemental Release exceeds that to which you are entitled under the Company’s policies, you agree that
the foregoing consideration represents settlement in full of all outstanding obligations owed to you by the Company and its officers, managers, supervisors, agents and employees. You, on your behalf, and on behalf of your respective heirs, family
members, executors, agents, and assigns (each in their capacities as such, hereby fully and forever release the Company and its current and former officers, directors, employees, agents, shareholders, subsidiaries, predecessor and successor
corporations, and assigns (“the Releasees”) from, and agree not to sue concerning, or in any manner to institute, prosecute or pursue, any claim, complaint, charge, duty, obligation or cause of action relating to any matters of any kind,
whether presently known or unknown, suspected or unsuspected, that you may possess against any of the Releasees arising from any omissions, acts or facts that have occurred up until and including the Effective Date of this Agreement (as defined
below in Paragraph 25) including, without limitation: 

  

	 	a.	any and all claims relating to or arising out of your employment relationship with the Company or the termination of that relationship; 

  

	 	b.	any and all claims relating to, or arising from, your right to purchase, or actual purchase of shares of stock of the Company, including, without limitation, any claims for fraud,
misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; 

  

	 	c.	 any and all claims for wrongful or constructive discharge of employment; termination in violation of public policy; discrimination; harassment; retaliation; breach
of contract, both express and implied, including claims for breach of your offer letter; breach of a covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of 

 Mark A. Duffell 
 February 19, 2008 
 Page 4 of 11 
  

	 	 
emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair
business practices; defamation; libel; slander; negligence; personal injury; assault; battery; invasion of privacy; false imprisonment; conversion; workers’ compensation and disability benefits; 

  

	 	d.	any and all claims for violation of any federal, state or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964; the Civil Rights Act of
1991; the Age Discrimination in Employment Act; the Americans with Disabilities Act of 1990; the Fair Labor Standards Act; the Employee Retirement Income Security Act of 1974; the Worker Adjustment and Retraining Notification Act; the Older Workers
Benefit Protection Act; the Family and Medical Leave Act, except as prohibited by law; the Fair Labor Standards Act; the Fair Credit Reporting Act; the Sarbanes-Oxley Act of 2002; the California Fair Employment and Housing Act; the California Family
Rights Act; and the California Labor Code; 

  

	 	e.	any and all claims for violation of the federal, or any state, constitution; 

  

	 	f.	any and all claims arising out of any other laws and regulations relating to employment or employment discrimination or retaliation; 

  

	 	g.	any claim for any loss, cost, damage, or expense arising out of any dispute over the non-withholding or other tax treatment of any of the proceeds received by you as a result of
this Agreement; and 

  

	 	h.	any and all claims for attorneys’ fees and costs. 

 You agree that the release set forth in this section shall be and remain in effect in all respects as a complete general release as to the matters released. This release does not extend to any obligations incurred or preserved under this
Agreement. This release does not release claims that cannot be released as a matter of law, including, but not limited to, claims under Division 3, Article 2 of the California Labor Code (which includes California Labor Code section 2802 regarding
indemnity for necessary expenditures or losses by employee) and claims prohibited from release as set forth in California Labor Code section 206.5 (specifically “any claim or right on account of wages due, or to become due, or made as an
advance on wages to be earned, unless payment of such wages has been made”). 
 You acknowledge that you are waiving and releasing any
rights you may have under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. You agree that his waiver and release does not apply to any rights or claims that may arise
under ADEA after the Effective Date of this Agreement. You acknowledge that the consideration given for this waiver and release is in addition to anything of value to which you were already entitled, You further acknowledge that you have been
advised by this writing that : (a) you should consult with an attorney prior to executing this Agreement; (b) you have twenty-one (21) days within which to consider this Agreement; (c) you have seven (7) days following your
execution of this Agreement to revoke the Agreement; (d) this Agreement shall not be effective until the revocation period has expired; and (e) nothing in this Agreement prevents or precludes you from challenging or seeking a determination
in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or costs from doing so, unless specifically authorized by federal law. 
 In the event you sign this Agreement and returns it to the Company in less than the 21-day period identified above, you hereby acknowledges that you have
freely and voluntarily chosen to waive the time period allotted for considering this Agreement. 

 Mark A. Duffell 
 February 19, 2008 
 Page 5 of 11 
  

	15.	You represent that you are not aware of any claims against the Releasees other than those being released in this Agreement. You acknowledge that you have been advised to consult
with legal counsel and are familiar with the provisions of California Civil Code Section 1542, which provides as follows: 

 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH
THE DEBTOR. 
 Being aware of said code section, you agree to expressly waive any rights you may have thereunder, as well as under any other
statute or common law principles of similar effect. 
  

	16.	You agree to maintain in complete confidence the existence of this Agreement, the contents and terms of this Agreement and the consideration for this Agreement (hereinafter
collectively referred to as “Separation Information”). Except as required by law, you agree to disclose Separation Information only to your current attorney, your immediate family members, and your accountant to the extent that he/she
needs to know the Separation Information in order to provide advice on tax treatment or to prepare tax returns, and to prevent disclosure of any Separation Information to any other third party. You agree that there will be no publicity, directly or
indirectly, concerning any Separation Information. 

  

	17.	You understand and agree that, as a condition of this Agreement, you shall not be entitled to any employment with the Company, its subsidiaries or any successor, and you hereby
waive any right, or alleged right, of employment or re-employment with the Company, its subsidiaries and any successor. You also waive any right to work as an independent contractor for the Company, its subsidiaries and any successor. You further
agree that you will not apply for employment with the Company, its subsidiaries or any successor, and will not apply to work as an independent contractor for the Company, its subsidiaries or any successor. 

  

	18.	You confirm that you do not have any work related injuries or illnesses and that you have not reported any to the Company. 

  

	19.	You agree that you will not knowingly counsel or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges,
or complaints by any third party arising on or prior to the date of your execution hereof against any of the Releasees, unless under a subpoena or other court order to do so. You agree both to immediately notify the Company upon receipt of any such
subpoena or court order, and to furnish, at the Company’s expense, within three (3) business days of its receipt, a copy of such subpoena or court order to the Company. If approached by anyone for counsel or assistance in the presentation
or prosecution of any such disputes, differences, grievances, claims, charges, or complaints against any of the Releasees, you shall state no more than that you cannot provide counsel or assistance. 

  

	20.	 The Company makes no representations or warranties with respect to the tax consequences of the payment of any sums to you under the terms of this Agreement. You
agree and understand that you are responsible for payment of any local, state and/or federal taxes on the sums paid hereunder by the Company and any penalties or assessments thereon. You further agree to indemnify and hold the Company harmless from
any claims, demands, deficiencies, penalties, assessments, executions, judgments, or recoveries by any government agency against the Company for any amounts claimed due on account of your failure to pay federal or state taxes or damages sustained by
the Company by 

 Mark A. Duffell 
 February 19, 2008 
 Page 6 of 11 
  

	 	 
reason of any such claims, including reasonable attorney fees. Notwithstanding the foregoing, the Company agrees to properly withhold from and pay over to
the appropriate tax authorities all amounts required by applicable law to be so withheld and paid over, in accordance with the Company’s standard payroll procedures. 

  

	21.	YOU AND THE COMPANY AGREE THAT ANY AND ALL DISPUTES ARISING OUT OF OR RELATING TO THE CONSIDERATION FOR THIS AGREEMENT AND THE SUPPLEMENTAL RELEASE, THE TERMS OF THIS AGREEMENT AND
THE SUPPLEMENTAL RELEASE, THEIR INTERPRETATION, AND ANY OF THE MATTERS HEREIN RELEASED, SHALL BE SUBJECT TO ARBITRATION BEFORE THE AMERICAN ARBITRATION ASSOCIATION UNDER ITS EMPLOYMENT DISPUTE RESOLUTION RULES, OR BY A JUDGE TO BE MUTUALLY AGREED
UPON. THE ARBITRATOR MAY GRANT INJUNCTIONS AND OTHER RELIEF IN SUCH DISPUTES. THE DECISION OF THE ARBITRATOR SHALL BE FINAL, CONCLUSIVE AND BINDING ON THE PARTIES TO THE ARBITRATION. THE PARTIES AGREE THAT THE PREVAILING PARTY IN ANY ARBITRATION
SHALL BE ENTITLED TO INJUNCTIVE RELIEF IN ANY COURT OF COMPETENT JURISDICTION TO ENFORCE THE ARBITRATION AWARD. THE PARTIES AGREE THAT THE PREVAILING PARTY IN ANY ARBITRATION SHALL BE AWARDED ITS REASONABLE ATTORNEY’S FEES AND COSTS. THE
PARTIES EXPRESSLY ACKNOWLEDGE THAT THEY ARE WAIVING ANY RIGHT TO A JURY TRIAL FOR ANY AND ALL CLAIMS COVERED BY THIS PROVISION. 

  

	22.	You understand and acknowledge that this Agreement constitutes a compromise and settlement of potential disputed claims. No action taken by the Company, either previously or in
connection with this Agreement, shall be deemed or construed to be (a) an admission of the truth or falsity of any claims; or (b) an acknowledgment or admission of any fault or liability whatsoever to you or to any third party.

  

	23.	You confirm that you are executing this Agreement voluntarily and without any duress or undue influence, with the full intent of releasing all claims. You acknowledge that:
(a) you have read this Agreement; (b) you have been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of your own choice or you have voluntarily declined to seek such counsel; (c) you
understand the terms and consequences of this Agreement and of the releases it contains; and (d) you are fully aware of the legal and binding effect of this Agreement. 

  

	24.	This Agreement and the Supplemental Release constitute the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to the subject
matter hereof and your employment with and separation from the Company. This Agreement supersedes and replaces any and all prior agreements and understandings concerning the subject matter hereof and your employment with and separation from the
Company to the extent such agreements are inconsistent with or contrary to the provisions contained herein. Notwithstanding the prior provisions of this paragraph, the applicable terms of your Employee Proprietary Information Agreement remain in
full force and effect. You acknowledge that you are executing this Agreement without reliance on any promise or representation, written or oral, other than those expressly contained herein. This Agreement may not be modified or amended except in a
writing signed by both you and the Chief Executive Officer of the Company. This Agreement shall bind the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, their
heirs, successors and assigns. 

  

	25.	This Agreement will become effective eight (8) days after it has been signed by you and the Company, provided neither party has revoked the Agreement prior to that date (the
“Effective Date”). 

 Mark A. Duffell 
 February 19, 2008 
 Page 7 of 11 
  

	26.	If any provision of this Agreement is determined to be invalid, void or unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement
and the provision in question shall be severed or modified by the court so as to be rendered enforceable. 

  

	27.	This Agreement shall be deemed to have been entered into and shall be construed and enforced in accordance with the laws of the State of California. 

 To confirm that you agree to these terms, please sign and date the enclosed copy of this letter as soon as possible, but no later than March 11, 2008, and return
the original signed document to me in the enclosed envelope. The considerations as outlined above will be provided to you by the Company promptly according to the terms of this Agreement. 
 Mark, I would like to thank you for your hard work and service to the Company and wish you all success in your future endeavors. Please do not hesitate to contact me if
you have any questions. 
  

	
	Sincerely,
	
	/s/ L. George Klaus
	 L. George Klaus
 Chairman and Chief Executive Officer

 I have read, understand and agree to the terms stated in this letter. 
  

					
			
	/s/ Mark A. Duffell	 		 	2/19/2008
	Mark A. Duffell	 		 	Date

 Mark A. Duffell 
 February 19, 2008 
 Page 8 of 11 
  

 EXHIBIT A 
 Supplemental Release 
 March 31, 2008 
 Mr. Mark A. Duffell 
 2 Hubbard Way 
 Coto De Caza, CA 92679 
 Dear Mark: 
 On February              2008, you signed an agreement releasing all known and unknown claims you may have had against Epicor Software Corporation (“Company”),
including any and all those that may have arisen out of any employment, or the termination of it, with the Company (“Agreement”). In furtherance of that Agreement, you agreed to enter into the Supplemental Release: 
 1. You represent that you have complied in all respects with the Agreement, including specifically the return of Internal Company Materials as specified in Paragraph 9
and the confidentiality provisions of Paragraph 16 of the Agreement. 
 2. You acknowledge and represent that the Company has paid all salary, wages,
severance, bonuses, vesting, stock, stock options, commissions and any other benefits and compensation due to you. 
 3. Since the consideration you are
receiving under the Agreement and the Supplemental Release exceeds that to which you are entitled under the Company’s policies, you agree that the foregoing consideration represents settlement in full of all outstanding obligations owed to you
by the Company and its officers, managers, supervisors, agents and employees. You, on your behalf, and on behalf of your respective heirs, family members, executors, agents, and assigns (each in their capacities as such, hereby fully and forever
release the Company and current and former its officers, directors, employees, agents, shareholders, subsidiaries, predecessor and successor corporations, and assigns (“the Releasees”) from, and agree not to sue concerning, or in any
manner to institute, prosecute or pursue, any claim, complaint, charge, duty, obligation or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that you may possess against any of the
Releasees arising from any omissions, acts or facts that have occurred up until and including the Effective Date of this Agreement (as defined below in Paragraph 7) including, without limitation: 
 A. any and all claims relating to or arising out of your employment relationship with the Company or the termination of that relationship;

 B. any and all claims relating to, or arising from, your right to purchase, or actual purchase of shares of stock of the
Company, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; 
 C. any and all claims for wrongful or constructive discharge of employment; termination in violation of public policy; discrimination;
harassment; retaliation; breach of contract, both express and implied, including claims for breach of your offer letter; breach of a covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional
infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury;
assault; battery; invasion of privacy; false imprisonment; conversion; workers’ compensation and disability benefits; 

 Mark A. Duffell 
 February 19, 2008 
 Page 9 of 11 
  

 D. any and all claims for violation of any federal, state or municipal statute,
including, but not limited to, Title VII of the Civil Rights Act of 1964; the Civil Rights Act of 1991; the Age Discrimination in Employment Act; the Americans with Disabilities Act of 1990; the Fair Labor Standards Act; the Employee Retirement
Income Security Act of 1974; the Worker Adjustment and Retraining Notification Act; the Older Workers Benefit Protection Act; the Family and Medical Leave Act, except as prohibited by law; the Fair Labor Standards Act; the Fair Credit Reporting Act;
the Sarbanes-Oxley Act of 2003; the California Fair Employment and Housing Act; the California Family Rights Act; and the California Labor Code; 
 E. any and all claims for violation of the federal, or any state, constitution; 
 F. any and
all claims arising out of any other laws and regulations relating to employment or employment discrimination or retaliation; 
 G. any claim for any loss, cost, damage, or expense arising out of any dispute over the non-withholding or other tax treatment of any of the proceeds received by you as a result of this Agreement; and 
 H. any and all claims for attorneys’ fees and costs. 
 You agree that the release set forth in this section shall be and remain in effect in all respects as a complete general release as to the matters released. This release does not extend to any obligations incurred or
preserved under this Supplemental Release. This release does not release claims that cannot be released as a matter of law, including, but not limited to, claims under Division 3, Article 2 of the California Labor Code (which includes California
Labor Code section 2802 regarding indemnity for necessary expenditures or losses by employee) and claims prohibited from release as set forth in California Labor Code section 206.5 (specifically “any claim or right on account of wages due, or
to become due, or made as an advance on wages to be earned, unless payment of such wages has been made”). 
 You acknowledge that you are waiving and
releasing any rights you may have under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. You agree that this waiver and release does not apply to any rights or claims that
may arise under the ADEA after the Effective Date of this Supplemental Release. You acknowledge that the consideration given for this waiver and release is in addition to anything of value to which you were already entitled. You further acknowledge
that you have been advised by this writing that : (a) you should consult with an attorney prior to executing this Supplemental Release; (b) you have been given in excess of twenty-one (21) days within which to consider this
Supplemental Release; (c) you have seven (7) days following your execution of this Supplemental Release to revoke this Supplemental Release; (d) this Supplemental Release shall not be effective until the revocation period has expired;
and (e) nothing in this Supplemental Release prevents or precludes you from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, not does it impose any condition precedent, penalties or costs from
doing so, unless specifically authorized by federal law. 
 In the event you sign this Supplemental Release and returns it to the Company in less than the
21-day period identified above, you hereby acknowledges that you have freely and voluntarily chosen to waive the time period allotted for considering this Supplemental Release. 

 Mark A. Duffell 
 February 19, 2008 
 Page 10 of 11 
  

 3. You represent that you are not aware of any claims against the Releasees other than those being released in this
Supplemental Release. You acknowledge that you have been advised to consult with legal counsel and are familiar with the provisions of California Civil Code Section 1542, which provides as follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 
 Being aware of said code section, you agree to expressly
waive any rights you may have thereunder, as well as under any other statute or common law principles of similar effect. 
 4. You confirm that you do not
have any work related injuries or illnesses and that you have not reported any to the Company. 
 5. You confirm that you are executing this Agreement
voluntarily and without any duress or undue influence, with the full intent of releasing all claims. You acknowledge that: (a) you have read this Agreement; (b) you have been represented in the preparation, negotiation, and execution of
this Agreement by legal counsel of your own choice or you have voluntarily declined to seek such counsel; (c) you understand the terms and consequences of this Agreement and of the releases it contains; and (d) you are fully aware of the
legal and binding effect of this Agreement. 
 6. This Supplemental Release and the Agreement constitute the complete, final and exclusive embodiment of the
entire agreement between you and the Company with regard to the subject matter hereof and your employment with and separation from the Company. This Supplemental Release and the Agreement supersedes and replaces any and all prior agreements and
understandings concerning the subject matter hereof and your employment with and separation from the Company to the extent such agreements are inconsistent with or contrary to the provisions contained herein. Notwithstanding the prior provisions of
this paragraph, the applicable terms of your Employee Proprietary Information Agreement remain in full force and effect. You acknowledge that you are executing this Supplemental Release and the Agreement without reliance on any promise or
representation, written or oral, other than those expressly contained herein. This Agreement may not be modified or amended except in a writing signed by both you and the Chief Executive Officer of the Company. This Supplemental Release and the
Agreement shall bind the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, their heirs, successors and assigns. 
 7. This Supplemental Release will become effective eight (8) days after it has been signed by you and the Company (the “Effective Date”), provided that
neither party has revoked it during that period. 
 8. If any provision of this agreement is determined to be invalid, void or unenforceable, in whole or in
part, this determination will not affect any other provision of this agreement and the provision in question shall be severed or modified by the court so as to be rendered enforceable. 

 Mark A. Duffell 
 February 19, 2008 
 Page 11 of 11 
  

 9. This agreement shall be deemed to have been entered into and shall be construed and enforced in accordance with
the laws of the State of California. 
 Please do not hesitate to contact me if you have any questions, 
 Sincerely, 

	
	
	  
	L. George Klaus
	Chairman and Chief Executive Officer

 I have read, understand and agree to the terms stated in this letter. 
  

					
			
	  	 		 	  
	Mark A. Duffell	 		 	DateForm of Change of Control Agreement

 Exhibit 10.5 
 FORM OF 
 PMC-SIERRA, INC. 
 CHANGE OF CONTROL AGREEMENT 
 THIS CHANGE OF CONTROL AGREEMENT (this
“Agreement”), is made by and between PMC-Sierra, Inc. (hereinafter the “Company”), and [Executive Officer] (hereinafter “Executive”) and shall be effective as of [Effective Date] (the “Effective Date”).

 WHEREAS, the Company and the Executive desire to enter into an employment agreement governing a constructive or actual termination
connected with a change in control of the Company. 
 NOW, THEREFORE, the Company and Executive, in consideration of the mutual
promises set forth herein, hereby agree as follows: 
 1. Termination Without Cause or Constructive Termination in Connection With a
Change in Control. If the Company terminates Executive’s employment without Cause or Executive resigns under circumstances that constitute a Constructive Termination, and a Change in Control (or the signing of a binding agreement which
could result in a Change in Control) is reasonably expected to occur within the next 60 days or has occurred in the past two years, then, provided that Executive executes a release in a form substantially similar to Exhibit A (the
“Release”) and such Release becomes effective and enforceable in accordance with its terms following the expiration of any applicable revocation period under federal or state law 30 days following the Executive’s Separation from
Service, the following will occur: 
 (i) Executive shall receive (in each case less applicable withholding): 
 (A) a cash payment equal to 4% of Executive’s then-current Base Salary for each full month during which Executive was employed by the Company or its
affiliates (up to a maximum total payment equal to two times Executive’s then-current Base Salary) payable in a series of 12 equal monthly installments beginning on the first regular payday for the Company’s salaried employees on which the
Release is effective within the 60-day period following the date of the Executive’s Separation from Service. Such cash payments shall be treated as a right to a series of separate payments for purposes of Section 409A of the Code, and each
such payment made during the period commencing with the date of Executive’s Separation from Service and ending March 15 of the succeeding calendar year is hereby designated a “Short-Term Deferral Payment” for purposes of
Section 5 of this Agreement and shall be paid during that period whether or not Executive is deemed to be a key employee under Section 5 at the time of Executive’s Separation from Service; 
 (B) a cash payment equal to 2% for every month the Executive was employed by the Company of the total of bonuses received by Executive for the last
Short Term Incentive Plan (“STIP”) periods totaling 12 months, up to a maximum total payment equal to 100% of the amount of bonuses received by Executive under STIP for the last periods totaling 12 months. For example: if STIP bonuses are
measured on a semi-annual 

 
basis, and in August of a given year after 47 months of employment the Executive experiences a Separation of Service that triggers payout under this
Agreement, then the total of bonuses considered are those paid for the STIP periods of July through December of the previous year and January through June of the current year. If the Company’s performance targets for STIP were not met in the
second half of the previous year resulting in no bonus payout for that period, but targets were exceeded for the January – June period, the calculation for purposes of this Section of the Agreement would be: (2% x 47 = 94%) x [$0 + (100% of
amount paid for second period)]. This payment will be payable in a series of 12 equal monthly installments beginning on the first regular payday for the Company’s salaried employees on which the Release is effective within the 60-day period
following the date of the Executive’s Separation from Service. Such cash payments shall be treated as a right to a series of separate payments for purposes of Section 409A of the Code, and each such payment made during the period
commencing with the date of Executive’s Separation from Service and ending March 15 of the succeeding calendar year is hereby designated a “Short-Term Deferral Payment” for purposes of Section 5 of this Agreement and shall
be paid during that period whether or not Executive is deemed to be a key employee under Section 5 at the time of Executive’s Separation from Service; 
 (C) upon the Separation from Service, acceleration in vesting by twelve (12) months of all equity awards (options and restricted stock units) that are unvested as of the Separation of Service; and 
 (D) twelve (12) months from the Separation from Service to exercise all vested options or the remaining term of the option, whichever is shorter.

 (ii) As an executive employee, Executive will be extensively involved in high-level decisions related to the competitive design,
development, marketing, positioning and sale of the Company’s products and services. Executive acknowledges and agrees that such participation requires unlimited access to highly sensitive proprietary information (as described in the At Will
Employment, Confidential Information, Invention Assignment, And Arbitration Agreement entered into by and between Executive and the Company, the “Confidentiality Agreement”), including confidential information and trade secrets related to
the development of the Company’s business model, competitive strategies, product and/or services positioning, marketing, and other information that would be highly injurious if divulged to or used by a Competitor of the Company. Accordingly,
until one year after Executive’s Separation from Service, Executive will not, as an employee, agent, consultant, advisor, independent contractor, general partner, officer, director, stockholder, investor or in any other capacity directly or
indirectly, engage in, work for, provide services or assistance to, or own a more than 25% voting interest in any Competitor of the Company. 
 (iii) Until one year after Executive’s Separation from Service, Executive will not directly or indirectly induce, encourage, solicit, influence or attempt to influence any employee, contractor or other service provider of the Company
or its subsidiaries to cease providing services for the Company or its subsidiaries for any reason, or to employ, interview or arrange to have business opportunities offered to any such individual. 
 (iv) Executive’s agreements in Sections 1(ii) and 1(iii) are severable, and each will still be enforceable even if another is not enforceable. If a
court determines that any provision of this section exceeds the maximum scope, time period, or geographic area that the court deems enforceable, the scope, time period, or geographic area shall be deemed the maximum that the court considers
reasonable. 

 2. Exclusive Remedy. This Agreement specifies all of Executive’s compensation and benefits
resulting from actual or Constructive Termination in connection with a Change of Control. Executive shall not be entitled to any other compensation and benefits from the Company except to the extent provided under any written Company benefit plan,
stock option or other equity agreement or indemnification agreement, or as may be required under applicable law. 
 3. Definitions.

 (i) “Base Salary” means Executive’s then-current cash compensation paid on the Company’s standard salary payment
schedule, less applicable withholding. 
 (ii) “Cause” means (A) gross dereliction of duties which continues after at least
two notices, each 30 days apart, from the Chief Executive Officer, specifying in reasonable detail the tasks which must be accomplished and a timeline for their accomplishment to avoid termination for Cause, (B) willful and gross misconduct
which injures the Company, (C) willful and material violations of laws applicable to the Company, or (D) embezzlement or theft of Company property. 
 (iii) “Change of Control” means the occurrence of any of the following events: 
 (A) Any
“person” or “group” as such terms are defined under Sections 13 and 14 of the Securities Exchange Act of 1934 (“Exchange Act”) (other than the Company, a subsidiary of the Company, or a Company employee benefit plan) is
or becomes the “beneficial owner” (as defined in Exchange Act Rule 13d-3), directly or indirectly, of Company securities representing 50% or more of the combined voting power of the Company’s then outstanding securities. 

(B) The closing of: (1) the sale of all or substantially all of the assets of the Company if the holders of Company securities representing all
voting power for the election of directors before the transaction hold less than a majority of the total voting power for the election of directors of all entities which acquire such assets, or (2) the merger of the Company with or into another
corporation if the holders of Company securities representing all voting power for the election of directors before the transaction hold less than a majority of the total voting power for the election of directors of the surviving entity.

 (C) The issuance of securities, which would give a person or group beneficial ownership of Company securities representing 50% or more of
all voting power for the election of directors. 
 (D) A change in the board of directors such that the incumbent directors and nominees of
the incumbent directors are no longer a majority of the total number of directors. 
 (iv) “Competitor” means a business anywhere
in the world which derives ten percent (10%) or more of its revenues from developing, manufacturing, marketing or selling any products which directly compete with the products manufactured, marketed or sold by the Company or its subsidiaries as
at the date Executive’s employment or consulting agreement (if applicable) terminates. 

 (v) “Constructive Termination” means Executive’s resignation following the occurrence of
any of the following events, without Executive’s approval: (A) a material reduction in Executive’s Base Salary, target bonus or benefits, other than a reduction that is implemented across-the-board to all employees at Executive’s
level; (B) a material reduction in Executive’s title, authority or responsibilities, other than as a result of a transfer to a subsidiary of the Company; or (C) the requirement that Executive relocate to a place of employment more
than 100 miles from both the then current Company Corporate Headquarters (currently located in Santa Clara, CA) and the then current Company Operation Headquarters (currently located in Burnaby, British Columbia)(for example, a requirement that the
Executive relocate his place of employment from Company Corporate Headquarters in Santa Clara, CA to Company Operation Headquarters in Burnaby, British Columbia (or vice versa) would not allow the Executive to resign pursuant to a Constructive
Termination, however, a requirement that the Executive relocate to Santa Barbara, CA from Company Corporate Headquarters in Santa Clara, CA would allow the Executive to resign pursuant to a Constructive Termination); provided, however, the Executive
must provide written notice to the Company of the existence of a condition described in clause (A), B) or (C) within ninety (90) days of the initial existence of the condition, and if within thirty (30) days of the Company’s
receipt of such notice (or, if later, Executive’s actual termination of employment) the Company remedies such condition, a Constructive Termination will not be deemed to have occurred. 
 (vi) “Separation from Service” means the cessation of Executive’s status as an employee of the Company and shall be deemed to occur at
such time as the level of the bona fide services Executive is to perform as an employee (or as a consultant or other independent contractor) permanently decreases to a level that is not more than 20% of the average level of services Executive
rendered as an employee during the immediately preceding 36 months (or such shorter period for which the Executive may have rendered such service). Any such determination as to Separation from Service, however, shall be made in accordance with the
applicable standards of the Treasury Regulations issued under Section 409A of the Code. 
 4. Golden Parachute Excise Tax. If the
benefits provided for in this Agreement or otherwise payable to Executive constitute “parachute payments” within the meaning of Section 280G of the Code and will be subject to the excise tax imposed by Section 4999 of the Code
(the “Excise Tax”), then Executive’s severance benefits under Section 1 shall be (i) delivered in full, or (ii) delivered as to such lesser extent which would result in no portion of such severance benefits being
subject to the Excise Tax, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the Excise Tax, results in the receipt by Executive on an after-tax basis, of the greatest amount of
severance benefits. Unless the Company and Executive otherwise agree in writing, any determination required under this Section 4 shall be made in writing in good faith by the accounting firm serving as the Company’s independent public
accountants immediately prior to the Change of Control (the “Accountants”). For purposes of making the calculations required by this Section 4, the Accountants may make reasonable assumptions and approximations concerning applicable
taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and Executive shall furnish to the Accountants such information and documents as the Accountants may
reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 4. 

 5. Section 409A. (i) Notwithstanding any provision to the contrary in this Agreement
(other than Section 5 (ii) below), no payments or benefits to which the Executive becomes entitled under Section 1 of this Agreement shall be made or paid to the Executive prior to the earlier of (A) the expiration
of the 6-month period measured from the date of his Separation from Service or (B) the date of the Executive’s death, if the Executive is deemed at the time of such Separation from Service a “key employee” within the meaning of
that term under Code Section 416(i) and such delayed commencement is otherwise required in order to avoid a prohibited distribution under Code Section 409A(a)(2). Upon the expiration of the applicable Code Section 409A(a)(2) deferral
period, all payments deferred pursuant to this Section 5 shall be paid in a lump sum to the Executive, and any remaining payments due under this Agreement shall be paid in accordance with the normal payment dates specified for them herein.

 (ii) The six month holdback set forth in Section 5(i) above shall not be applicable to (A) any severance payments under
Section 1 that qualify as Short-Term Deferral Payments and ((B) any remaining portion of the severance payments due Executive under Section 1 to the extent (1) the sum of the Executive’s annualized compensation for the taxable
year preceding the taxable year of Executive’s Separation from Service and (2) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive has a
Separation from Service, provided such severance payments are paid no later than the last day of Executive’s second taxable year following the taxable year in which the Separation from Service occurs. 
 6. Assignment. This Agreement shall bind and benefit (i) Executive’s heirs, executors and legal representatives upon Executive’s
death to the extent the benefit is due and payable at the time of Executive’s death and (ii)any successor of the Company. Any such successor of the Company shall be deemed substituted for the Company under the terms of this Agreement for all
purposes. “Successor” shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires all or substantially all of the assets or business of
the Company. Executive has no other right to assign this Agreement and any such attempted assignment is void. 
 7. Notices. All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed given if: (i) delivered personally, (ii) one day after being sent by Federal Express or a similar commercial overnight
service, or (iii) three days after being mailed by registered or certified mail, return receipt requested, prepaid and addressed to Company at its principal office, attention: Chief Executive Officer, or to Executive at his last principal
residence known to the Company, or at such other addresses as the parties may designate by written notice. 
 8. Severability. In the
event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision. 
 9. Entire Agreement. This Agreement represents the entire agreement and understanding between the Company and Executive concerning payments to
Executive in the event of a Change of Control and supersedes any and all prior change of control agreements between the Company and Executive, but does not supersede any other agreements between Company and Executive, including but not limited to,
the Confidentiality Agreement, the Indemnification Agreement entered into by and between the Executive and the Company, and any restricted stock purchase 

 
agreement, restricted stock unit agreement, stock option agreement or other equity award agreement entered into pursuant to the Company’s stock plans,
except as expressly provided herein. In case of conflict between any of the terms and conditions of this Agreement and the documents herein referred to, the terms and conditions of this Agreement shall control. 
 10. Arbitration and Equitable Relief. 
 (i) Any dispute or controversy arising out of, relating to, or in connection with this Agreement, or the interpretation, validity, construction, performance, breach, or termination thereof shall be settled by arbitration to be held in Santa
Clara, California in accordance with the National Rules for the Resolution of Employment Disputes then in effect of the American Arbitration Association (the “Rules”). The arbitrator may grant injunctions or other relief in such dispute or
controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. 
 (ii) The arbitrator shall apply Delaware law to the merits of any dispute or claim, without reference to rules of conflict of law. The arbitration
proceedings shall be governed by federal arbitration law and by the Rules, without reference to state arbitration law. 
 (iii) The Company
shall pay the costs and expenses of such arbitration. Each party shall separately pay its counsel fees and expenses. 
 (iv) Executive
understands that nothing in this Agreement modifies Executive’s at-will status. Either the Company or Executive can terminate the employment relationship at any time, with or without cause. 
 11. No Oral Modification, Cancellation or Discharge. This Agreement may only be amended, canceled or discharged in writing signed by Executive and
the Chairman and Chief Executive Officer of the Company. 
 12. Withholding. The Company shall be entitled to withhold, or cause to be
withheld, from payment any amount of withholding taxes required by law with respect to payments made to Executive in connection with his employment hereunder. 
 13. Governing Law. This Agreement shall be governed by the laws of the State of Delaware (with the exception of its conflict of laws provisions). 
 [Remainder of Page Intentionally Left Blank] 

 14. Representations. Executive represents that he has had the opportunity to discuss this matter
with and obtain advice from his private attorney, has had sufficient time to, and has carefully read and fully understands all the provisions of this agreement, and is knowingly and voluntarily entering into this Agreement. 
  

									
		 	PMC-SIERRA, INC.:	 		 		  	
					
		 	  
	 		 	                                        
  
	  	
		 	Robert L. Bailey	 		 	Date	  	
		 	Chairman, President and CEO	 		 		  	
					
		 	EXECUTIVE:	 		 		  	
					
		 	  
	 		 	  
	  	
		 	[Executive Officer]	 		 	Date	  	

 EXHIBIT A 
 FORM OF GENERAL RELEASE OF ALL CLAIMS 
 On behalf of myself, my heirs, executors, administrators and assigns,
I hereby make the following agreements and acknowledgements in exchange for benefits to be received by me under my Change of Control Agreement (the “Agreement”): 
 1. I agree that I fully and forever release and discharge the Company and all of its parents, divisions, subsidiaries, affiliates, related entities, and
their predecessors, successors, and past and present officers, directors, shareholders, employees, agents, partners, attorneys, benefit plans, insurers, and representatives, (hereinafter “Releasees”) from any and all claims of whatever
nature, except as noted below, whether known or unknown, which exist or may exist on my behalf against Releasees as of the date of this Agreement, including but not limited to any and all tort claims, contract claims, equitable claims, breach of
fiduciary duty claims, ERISA claims, wrongful termination claims, public policy claims, retaliation claims, statutory claims, personal injury claims, emotional distress claims, invasion of privacy claims, defamation claims, fraud claims, quantum
meruit claims, and any and all claims arising under any federal, state or other governmental statute, law, regulation or ordinance covering discrimination in employment, including but not limited to Title VII of the Civil Rights Act of 1964, as
amended, the Americans with Disabilities Act, the Age Discrimination in Employment Act, and the California Fair Employment and Housing Act, including race, color, religious creed, national origin, ancestry, physical or mental disability, medical
condition, marital status, sex, age, harassment, or retaliation. Notwithstanding any provisions and covenants in this paragraph, I am not waiving any claim I may have against Releasees to: (a) unemployment; (b) state disability and/or
workers’ compensation insurance benefits; (c) my vested rights upon termination in certain of the Company’s group benefit plans pursuant to the federal law known as COBRA and the terms of the Company’s benefit plans; and
(d) any right to indemnification I may have under the Company’s Bylaws or under that certain Indemnification Agreement dated as of February 1, 2007 between the Company and me. 
 2. I agree that I fully and forever waive any and all rights and benefits conferred upon me by the provisions of Section 1542 of the Civil Code of
the State of California or any other similar state statute, which states as follows (parentheticals added): 
 A general release does not
extend to claims which the creditor [i.e, me] 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 [i.e., the Company].

 I understand and agree that this means that if, hereafter, I discover facts different from or in addition to those which I now know or believe to be true,
that the waivers and releases of this General Release shall be and remain effective in all respects subject to the exceptions in Section 1, notwithstanding such different or additional facts or the discovery of such fact. 
 3. I agree that neither the fact nor any aspect of this General Release is intended, or should be construed at any time, to be an admission of liability
or wrongdoing by either myself or by the Company. 

 4. I agree that if any provision, or portion of a provision, of this General Release is, for any reason,
held to be unenforceable, that such unenforceability will not affect any other provision, or portion of a provision, and this General Release shall be construed as if such unenforceable provision or portion had never been contained herein.

 5. I agree that if I am receiving benefits under Section 2 of the Agreement and am not separating from the Company at this time and
that if I subsequently receive other separation benefits under the Agreement because of a subsequent Change of Control or for a different event under a subsequent agreement, I will again be required to sign a general release. 
 6. I understand that I may have twenty-one (21) days after receipt of this General Release within which I may review and consider it, and should
discuss it with an attorney of my own choosing, and decide whether or not to sign this General Release. I also understand that, for the period of seven (7) days after I sign this General Release, I may revoke it by delivering a written
notification of my revocation, no later than the seventh day, to: 
 General Counsel 
 3975 Freedom Circle, #100 
 Santa Clara, CA
95054 
 fax: 408-239-8166 
 I further
understand that the Effective Date of this General Release will be the eighth day after I have signed it, provided that I have delivered it to the Company and have not revoked it during the seven days after I signed it. 
 7. This General Release, in all respects, shall be interpreted, enforced and governed by and under the laws of the State of Delaware. 
 8. This General Release contains the entire agreement between the Company and me with respect to any matters referred to herein. 
 I HAVE READ THIS GENERAL RELEASE; I UNDERSTAND IT AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS; I AM AWARE OF MY RIGHT TO CONSULT WITH AN ATTORNEY OF MY OWN CHOOSING
BEFORE SIGNING IT AND I HAVE BEEN ENCOURAGED TO CONSULT WITH SUCH AN ATTORNEY; AND I SIGN IT VOLUNTARILY: 
  

											
	Signed:                     , 20    .	 		 		 	Employee’s Signature:	 	
					
		 		 		 	  
	 	
						
		 		 		 	Print Name:

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