Document:

exv10w16

Exhibit 10.16

Severance Benefits for Executive Officers (as of July 24, 2008)

     Ultra Clean Holdings, Inc. (together with its subsidiary Ultra Clean Technology Systems and
Service, Inc., hereafter referred to as “Ultra Clean” or “the Company”) hereby offers the severance
benefits set forth below to specified Company executives upon certain events of termination of
their employment. This severance policy may be amended or terminated by the Company at any time,
except that following a Change of Control (as defined in the Company’s Stock Incentive Plan), the
policy may not be terminated or amended to adversely affect a participant for 12 months thereafter.

     Eligible
Executives. Executives may be eligible to receive severance benefits if (a)(i) they
are employed in the role of an “executive officer” (as defined in Rule 3b-7 under the Securities
Exchange Act of 1934) of the Company as determined by the Board of Directors or the Compensation
Committee thereof from time to time (such positions currently consisting of the Chief Executive
Officer, Chief Financial Officer, Chief Operating Officer, Senior Vice President of Engineering and
Senior Vice President of Sales), or (ii) they are employed in such other key position determined by
the Board of Directors or the Compensation Committee thereof from time to time as eligible to
receive severance benefits pursuant to this policy, and (b) they are notified in writing by the
Director of Human Resources that they are eligible to receive severance benefits pursuant to the
terms and conditions of this policy.

     Involuntary
Termination. An eligible executive qualifies for severance benefits pursuant to
this policy if Ultra Clean terminates his or her employment without Cause (as defined below) and
the executive signs and lets become effective a release of claims that he or she may hold against
Ultra Clean, its affiliated entities and the directors, officers, employees, representatives and
agents of Ultra Clean and its affiliated entities (collectively, “Ultra Clean and its Affiliates”),
in a form acceptable to Ultra Clean, including a provision that the executive will not make any
statement or take any action that would disparage or harm Ultra Clean and its Affiliates.
Executives who might otherwise be eligible for severance benefits pursuant to this policy shall not
qualify for benefits if they resign their employment or are discharged for cause. For the purpose
of this policy, “Cause” shall exist if (a) the executive is convicted of, or pleads guilty or no
contest to, a criminal offense; (b) the executive engages in any act of fraud or dishonesty; (c)
the executive breaches any agreement with Ultra Clean; (d) the executive commits any material
violation of Ultra Clean policy; or (e) executive fails, refuses or neglects to perform the
services required of the executive in his position at the Company. Nothing in this policy changes
the at-will nature of employment of each eligible executive.

     Severance
Benefits. (a) An eligible executive in the position of Chief Executive Officer who
qualifies for severance benefits pursuant to this policy shall receive the following severance
benefits:

 

 

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Bonus and Incentive	 	Payment of	 	 
	Base
Salary Multiple	 	Compensation
Multiple	 	COBRA Costs	 	Equity Acceleration
	150% of the
executive’s
then-current annual
base salary

	 	150% of the
executive’s average
annual cash bonus
and cash incentive
compensation as
determined by the
Company over the
prior three years
(i.e. [(Year 1 +
Year 2 + Year 3) /
3] x 1.5)
	 	18 months
	 	Immediate vesting
of unvested and
outstanding Equity
Awards that would
vest within 18
months

     (b) An eligible executive in the position of Chief Financial Officer or Chief Operating
Officer who qualifies for severance benefits pursuant to this policy shall receive the following
severance benefits:

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Bonus and Incentive	 	Payment of	 	 
	Base
Salary Multiple	 	Compensation
Multiple	 	COBRA Costs	 	Equity Acceleration
	100% of the
executive’s
then-current annual
base salary

	 	100% of the
executive’s average
annual cash bonus
and cash incentive
compensation as
determined by the
Company over the
prior three years
(i.e. [(Year 1 +
Year 2 + Year 3) /
3])
	 	12 months
	 	Immediate vesting
of unvested and
outstanding Equity
Awards that would
vest within 12
months

For the purpose of clause (a) and (b) of this paragraph, “Equity Awards” means all options to
purchase shares of Company common stock as well as any and all other stock-based awards granted to
the executive, including but not limited to stock bonus awards, restricted stock, restricted stock
units or stock appreciation rights, except for performance stock awards which remain subject to
performance criteria as of the executive’s termination date.

     (c) An eligible executive in the position of Senior Vice President of Engineering, or Senior
Vice President of Sales, any other eligible “executive officer” of the Company not eligible for
benefits under paragraphs (a) and (b) above, or any other key employee determined by the Board of
Directors or the Compensation Committee thereof as eligible to receive severance benefits pursuant
to this policy, shall receive the following severance benefits:

	 	 	 	 	 
	 	 	Bonus and Incentive	 	 
	Base Salary Multiple	 	Compensation Multiple	 	Payment of COBRA Costs
	75% of the executive’s
then-current annual
base salary

	 	50% of the executive’s
average annual cash
bonus and cash
incentive compensation
as determined by the
Company over the prior
three years (i.e.
[(Year 1 + Year 2 +
Year 3) / 3] x 0.5)
	 	9 months

 

 

     Payment
of Benefits. The foregoing severance payments (other than the COBRA costs) shall be
paid in a lump sum to the executive in cash as soon as administratively practicable after the
termination date, and, in any event, no later than two and one-half (2-1/2) months after the end of
the taxable year of the executive in which the termination date occurs. The COBRA costs shall be
paid as incurred (by subsidizing or reimbursing the premium payments) but shall end if, prior to
the end of the period of time set forth above, the executive commences alternative employment and
becomes eligible for group medical coverage.

     Section 409A.
The payments and benefits under this policy are intended to qualify for the
short-term deferral exception to Section 409A of the Internal Revenue Code described in Treasury
Regulation Section 1.409A-1(b)(4) to the maximum extent possible and, to the extent they do not so
qualify, are intended to qualify for the involuntary separation pay plan exception to Section 409A
described in Treasury Regulation Section 1.409A-1(b)(9)(iii) to the maximum extent possible. To
the extent Section 409A is applicable to this policy, notwithstanding any other provision of this
policy to the contrary, if an eligible executive is a “specified employee” within the meaning of
Section 409A on the date of termination of employment, to the extent required in order to comply
with Section 409A, amounts that would otherwise be payable under this policy during the six-month
period immediately following the termination date shall instead be paid on the first business day
after the date that is six months following the termination date.

     Miscellaneous.
This policy shall be governed by and construed in accordance with the laws of
the state of California, without reference to principles of conflict of laws. All amounts due
hereunder shall be subject to applicable tax withholding. The severance benefits paid under this
policy shall be in lieu of any severance benefits under any other Company plans, programs,
policies, agreements or practices and shall be reduced by any severance or notice period required
by any applicable federal, state or local law (including without limitation the WARN Act) in
connection with any termination of an executive’s employment. To the extent required by law, the
Company shall furnish to participants a summary plan description containing additional information.
This policy shall be assumed by any successors or assigns of the Company.exv10w19

Exhibit 10.19

CHANGE IN CONTROL SEVERANCE AGREEMENT

     CHANGE IN CONTROL SEVERANCE AGREEMENT (“Agreement”), dated as of July 28, 2008 (the “Effective
Date”) by and between Ultra Clean Holdings, Inc., a Delaware corporation (the “Company”), and
Clarence L. Granger (“Employee”).

     WHEREAS, the Company and the Employee are parties to that certain Employment Agreement, dated
as of November 15, 2002, and Amendment No. 1 to Employment Agreement, dated as of March 2, 2004 and
Amendment No. 2 to Employment Agreement, dated as of May 9, 2005 (collectively, the “Employment
Agreement”) and wish to terminate the Employment Agreement and enter into this Agreement specifying
the benefits the Employee will receive in certain circumstances relating to a Change in Control of
the Company in order to induce Employee to remain in the employ of the Company in event of the
possibility of a Change in Control;

     NOW THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements of
the parties set forth in this Agreement, and of other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally
bound, agree as follows:

ARTICLE 1

Term And Nature Of Agreement; Termination of Employment Agreement

     Section 1.01.
Termination of Employment Agreement. The Employment Agreement is terminated,
effective as of the Effective Date; provided, however, that nothing in this section shall affect
the survival of Section (a)(iii) of Schedule I of the Employment Agreement in accordance with the
terms and conditions specified therein.

     Section 1.02.
Term. This Agreement shall be in force until the second anniversary of the
Effective Date, and thereafter renew for automatic one year terms, unless the Company shall give
the Employee written notice of termination at least 30 days before the expiration of the then
current term provided that no Change in Control has occurred prior to such date. Notwithstanding
the foregoing, this Agreement shall terminate (i) 12 months after a Change in Control (subject to
satisfaction of any obligations hereunder as a result of a termination of employment prior to such
expiration) and (ii) upon on any termination of employment prior to a Change in Control.

     Section 1.03.
At-Will Employment. Nothing in this Agreement shall change the at-will nature
of Employee’s employment with the Company.

 

 

ARTICLE 2

Change in Control Termination

     Section 2.01.
Severance Benefits.

     (a) If upon, or within 12 months following, a Change in Control, Employee is terminated by the
Company without Cause or Employee resigns for Good Reason, Employee shall be entitled to the
following (“Change in Control Severance Benefits”), provided that Employee executes and lets become
effective a release of claims in the form attached hereto as Exhibit A (the “Release”) within 45
days following the termination of employment:

     (i) a lump sum cash payment equal to 200% of the sum of (x) Employee’s then-existing
annual base salary and (y) the average annual cash bonus as determined by the Company over
the prior three years, which shall be paid as soon as administratively practicable after
the date on which the Release becomes effective, and, in any event, no later than two and
one-half (2 1/2) months after the end of the taxable year of the Employee in which the
termination of employment occurs;

     (ii) payment or reimbursement of health benefit continuation coverage under COBRA or
otherwise from the termination date through the earlier of (A) 24 months following the
termination date or (B) the date Employee becomes eligible for health benefits with another
employer, which shall be paid no later than the month of such coverage, provided that if
Employee is no longer eligible for COBRA continuation coverage, a lump sum payment
calculated based on the monthly premiums immediately prior to the expiration of COBRA
coverage; and

     (iii) 100% of all of the Employee’s unvested and outstanding Equity Awards shall
become vested.

     (b) Definitions. For purposes of this Agreement, the following definitions shall have the
following meanings:

     (i) “Cause” shall exist if: (A) Employee is convicted of, or pleads guilty or no
contest to, a criminal offense; (B) Employee engages in any act of fraud or dishonesty; (C)
Employee breaches any agreement with the Company; (D) Employee commits any material
violation of Company policy; or (E) Employee fails, refuses or neglects to perform the
services required of Employee in his position at the Company.

     (ii) “Change in Control” means the occurrence of any one or more of the following:

     (A) the consummation of a merger or consolidation of the Company with or into
any other entity (other than with any entity or group in which Executive has not
less than a 5% beneficial interest) pursuant to which the holders of outstanding
equity of the Company

2

 

immediately prior to such merger or consolidation hold directly or indirectly
50% or less of the voting power of the equity securities of the surviving entity;

     (B) the sale or other disposition of all or substantially all of the
Company’s assets (other than to any entity or group in which Executive has not
less than a 5% beneficial interest); or

     (C) any acquisition by any person or persons (other than any entity or group
in which Executive has not less than a 5% beneficial interest) of the beneficial
ownership of more than 50% of the voting power of the Company’s equity securities
in a single transaction or series of related transactions; provided, however, that
an underwritten public offering of the Company’s securities shall not be
considered a Change in Control;

provided, however, that a transaction shall not constitute a Change in Control if its sole purpose
is to change the state of the Company’s incorporation or to create a holding company that will be
owned in substantially the same proportions by the persons who directly or indirectly held the
Company’s securities immediately before such transaction.

     (iii) “Good Reason” means:

     (A) a reduction of Employee’s then-existing annual base salary by more than
10% (other than in connection with an action affecting a majority of the executive
officers of the Company);

     (B) relocation of the principal place of Employee’s employment to a location
that is more than 50 miles from the principal place of Employee’s employment
immediately prior to the date of the Change in Control; or

     (C) a material reduction in the Employee’s authority, duties or
responsibilities after the Change in Control when compared to Employee’s
authority, duties and responsibilities prior to the Change in Control;

provided that notwithstanding the foregoing, an Employee’s termination will not be for Good
Reason unless the Employee (x) notifies the Company in writing of the existence of the
condition which the Employee believes constitutes Good Reason within 60 days of the initial
existence of such condition (which notice specifically identifies such condition), (y)
gives the Company at least 10 days following the date on which the Company receives such
notice (and prior to termination) in which to remedy the condition, and (z) if the Company
does not remedy such condition within such period, actually terminates employment within 15
days after the expiration of such remedy period (and before the Company remedies such
condition).

3

 

     (iv) “Equity Awards” means all options to purchase shares of Company common stock as
well as any and all other stock-based awards granted to the Employee, including but not
limited to stock bonus awards, restricted stock, restricted stock units or stock
appreciation rights, except for performance stock awards which remain subject to
performance criteria as of the Effective Date.

     Section 2.02.
Resignation of Corporate Offices. In connection with any termination of
employment following a Change in Control, Employee will resign Employee’s office, if any, as a
director, officer or trustee of the Company, its subsidiaries or affiliates and of any other
corporation or trust of which Employee serves as such at the request of the Company, effective as
of the date of termination of employment.

     Section 2.03.
Accrued Compensation and Benefits. In connection with any termination of
employment upon or following a Change in Control (whether or not under Section 2.01 above), the
Company shall pay Employee’s earned but unpaid base salary and other vested but unpaid cash
entitlements for the period through and including the termination of employment, including unused
earned vacation pay and unreimbursed documented business expenses incurred by Employee prior to the
date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the
applicable Company plan or policy. In addition, Employee shall be entitled to any other vested
benefits earned by Employee for the period through and including the termination date of Employee’s
employment under any other employee benefit plans and arrangements maintained by the Company, in
accordance with the terms of such plans and arrangements, except as modified herein (collectively
“Accrued Benefits”). Any Accrued Compensation and Expenses to which the Employee is entitled shall
be paid to the Employee in cash as soon as administratively practicable after the termination, and,
in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of
the Employee in which the termination occurs. Any Accrued Benefits to which the Employee is
entitled shall be paid to the Employee as provided in the relevant plans and arrangement.

     Section 2.04.
Continuing Obligations. Employee acknowledges his or her continuing
obligations under the Confidential and Non-Disclosure Agreement with the Company, including but not
limited to Employee’s obligations not to use or disclose, at any time, any trade secret,
confidential or proprietary information of the Company.

     Section 2.05.
Limitation on Payments.

     (a) If the Change in Control Severance Benefits together with any other payment or benefit
Employee would receive pursuant to a Change in Control (collectively, “Payment”) would (i)
constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended (the “Code”), and (ii) but for this sentence, be subject to the excise tax imposed
by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be equal to the Reduced
Amount. The “Reduced Amount” shall be either (x) the largest portion of the Payment that would
result in no portion of the Payment being subject to the Excise Tax or (y) the largest portion, up
to and including the total, of the Payment, whichever amount, after taking into

4

 

account all applicable federal, state and local employment taxes, income taxes, and the Excise
Tax (all computed at the highest applicable marginal rate), results in Employee’s receipt, on an
after-tax basis, of the greater amount of the Payment notwithstanding that all or some portion of
the Payment may be subject to the Excise Tax. lf a reduction in payments or benefits constituting
“parachute payments” is necessary so that the Payment equals the Reduced Amount, reduction shall
occur in the following order unless Employee elects in writing a different order: reduction of cash
payments; cancellation of acceleration of vesting; reduction of employee benefits. In the event
that acceleration of vesting is to be reduced, it shall be cancelled in the reverse order of the
date of grant of the Equity Awards unless Employee elects in writing a different order for
cancellation.

     (b) The Company may engage the accounting firm engaged by the Company for general audit
purposes as of the day prior to the effective date of the Change in Control or another firm to
perform the foregoing calculations. The Company shall bear all expenses with respect to the
determinations by such firm required to be made hereunder.

     (c) The accounting firm engaged to make the determinations hereunder shall provide its
calculations, together with detailed supporting documentation, to Employee and the Company within
fifteen (15) calendar days after the date on which Employee’s right to a Payment is triggered (if
requested at that time by Employee or the Company) or such other time as requested by Employee or
the Company.

ARTICLE 3

Miscellaneous

     Section 3.01.
Assignment; Successors and Assigns. This Agreement shall inure to the benefit
of and be enforceable by Employee’s personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees, and legatees. If Employee should die or become subject
to a permanent disability while any amount is owed but unpaid to Employee hereunder, all such
amounts, unless otherwise provided herein, shall be paid to Employee’s devisee, legatee, legal
guardian or other designee, or if there is no such designee, to Employee’s estate. Employee’s
rights hereunder shall not otherwise be assignable. This Agreement shall be binding on the
Company’s successors and assigns.

     Section 3.02.
Dispute Resolution. To ensure rapid and economical resolution of any and all
disputes that might arise in connection with this Agreement, Employee and the Company agree that
any and all disputes, claims, and causes of action, in law or equity, arising from or relating to
this Agreement or its enforcement, performance, breach, or interpretation, will be resolved solely
and exclusively by final, binding, and confidential arbitration, by a single arbitrator, in San
Francisco, California, and conducted by Judicial Arbitration & Mediation Services, Inc. (“JAMS”)
under its then-existing employment rules and procedures. Nothing in this section, however, is
intended to prevent either party from obtaining injunctive relief in court to prevent irreparable

5

 

harm pending the conclusion of any such arbitration. Each party to an arbitration or
litigation hereunder shall be responsible for the payment of its own attorneys’ fees.

     Section 3.03. Unfunded Agreement. The obligations of the Company under this Agreement
represent an unsecured, unfunded promise to pay benefits to Employee and/or Employee’s
beneficiaries, and shall not entitle Employee or such beneficiaries to a preferential claim to any
asset of the Company.

     Section 3.04. Non-Exclusivity of Benefits. Unless specifically provided herein, neither the
provisions of this Agreement nor the benefits provided hereunder shall reduce any amounts otherwise
payable, or in any way diminish Employee’s rights as an employee of the Company, whether existing
now or hereafter, under any compensation and/or benefit plans (qualified or nonqualified),
programs, policies, or practices provided by the Company, for which Employee may qualify; provided
that the Change in Control Severance Benefits shall not be duplicative of any severance benefits
under any such plans, programs, policies or practices. Vested benefits or other amounts which
Employee is otherwise entitled to receive under any plan, policy, practice, or program of the
Company (i.e., including, but not limited to, vested benefits under any qualified or nonqualified
retirement plan), at or subsequent to the termination date shall be payable in accordance with such
plan, policy, practice, or program except as expressly modified by this Agreement.

     Section 3.05. Mitigation. In no event shall Employee be obligated to seek other employment or
take any other action by way of mitigation of the amounts payable to Employee under any of the
provisions of this Agreement nor shall the amount of any payment or benefit hereunder be reduced by
any compensation earned by Employee as a result of employment by another employer.

     Section 3.06. Entire Agreement. This Agreement represents the entire agreement between
Employee and the Company and its affiliates with respect to Employee’s severance rights in a Change
in Control situation, and supersedes all prior and contemporaneous discussions, negotiations, and
agreements concerning such rights, provided, however, that any amounts payable to Employee
hereunder shall be reduced by any amounts paid to Employee as required by any applicable federal,
state or local law (including without limitation the WARN Act) in connection with any termination
of Employee’s employment.

     Section 3.07. Tax Withholding. Notwithstanding anything in this Agreement to the contrary,
the Company shall withhold from any amounts payable under this Agreement all federal, state, city,
or other taxes as are legally required to be withheld.

     Section 3.08. Waiver of Rights. The waiver by either party of a breach of any provision of
this Agreement shall not operate or be construed as a continuing waiver or as a consent to or
waiver of any subsequent breach hereof.

     Section 3.09. Severability. In the event any provision of the Agreement shall be held illegal
or invalid for any reason, the illegality or invalidity shall not affect the

6

 

remaining parts of the Agreement, and the Agreement shall be construed and enforced as if the
illegal or invalid provision had not been included.

     Section 3.10. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of California without reference to principles of conflict of laws.

     Section 3.11. Counterparts. This Agreement may be signed in several counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were on
the same instrument.

     Section 3.12. Code Section 409A. This Agreement and the payments and benefits hereunder are
intended to qualify for the short-term deferral exception to Section 409A of the Code, and all
regulations, rulings and other guidance issued thereunder, all as amended and in effect from time
to time (“Section 409A”), described in Treasury Regulation Section 1.409A-1(b)(4) to the maximum
extent possible, and to the extent they do not so qualify, they are intended to qualify for the
involuntary separation pay plan exception to Section 409A described in Treasury Regulation Section
1.409A-1(b)(9)(iii) to the maximum extent possible. To the extent Section 409A is applicable to
this Agreement, this Agreement is intended to comply with Section 409A. Without limiting the
generality of the foregoing, if on the date of termination of employment Employee is a “specified
employee” within the meaning of Section 409A as determined in accordance with the Company’s
procedures for making such determination, to the extent required in order to comply with Section
409A, amounts that would otherwise be payable under this Agreement during the six-month period
immediately following the termination date shall instead be paid on the first business day after
the date that is six months following the termination date. All references herein to “termination
date” or “termination of employment” shall mean separation from service as an employee within the
meaning of Section 409A.

     IN WITNESS WHEREOF, the Company and the Employee have executed this Agreement, to be effective
as of the date and year first written above.

	 	 	 	 	 
	 	ULTRA CLEAN HOLIDNGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EMPLOYEE:

 	 
	 	
 	 
	 	 	 
	 	 	 

7

 

	 	 	 	 	 

Exhibit A — Form of Release

     Reference is made in this Release (the “Release”) to the terms set forth in the Change in
Control Severance Agreement dated
                          ,
2008 (the “Agreement”) between Ultra Clean Holdings, Inc.
(together with its successors and assigns, the “Company”) and the undersigned                                         
(“Employee”).

     1. Release. In consideration for the benefits outlined in the Agreement (the “Severance
Benefits”), to which I am not otherwise entitled, I hereby generally and completely release the
Company and its affiliated entities (collectively “Company Entities”) and their directors,
officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent
and subsidiary entities, insurers, affiliates, and assigns from any and all claims, liabilities and
obligations, both known and unknown, that arise out of or are in any way related to events, acts,
conduct or omissions occurring prior to the time I sign this Release. This general release
includes, but is not limited to: (1) all claims arising out of or in any way related to my
employment with the Company or the termination of that employment; (2) all claims related to my
compensation or benefits from the Company, including salary, bonuses, commissions, vacation pay,
expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other
ownership interests in the Company; (3) all claims for breach of contract, wrongful termination or
breach of the implied covenant of good faith and fair dealing; (4) all tort claims, including
claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and
(5) all federal, state, and local statutory claims, including claims for discrimination,
harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights
Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the federal Age
Discrimination in Employment Act of 1967 (as amended) (“ADEA”), or the California Fair Employment
and Housing Act (as amended). This Release does not apply to (x) claims which cannot be released
as a matter of law, (y) any right I may have to enforce the Agreement or (z) my eligibility for
indemnification in accordance with applicable laws, the charter and bylaws of the Company or any
indemnification agreement I have with the company.

     2. ADEA Waiver. I acknowledge that I am knowingly and voluntarily waiving and releasing any
rights you have under the ADEA and that the consideration given for the waiver and release is in
addition to anything of value to which I was already entitled. I further acknowledge that I have
been advised by this writing, as required by the ADEA, that:

     (a) my waiver and release specified in this paragraph do not apply to any rights or
claims that arise after the date I sign this Release;

     (b) I have the right to consult with an attorney prior to signing this Release;

     (c) I have 45 days to consider this Release (although I may choose voluntarily to sign
this Release earlier);

A-1

 

     (d) I have seven (7) days after I sign this Release to revoke the Release; and

     (e) this Release will not be effective until the date on which the revocation period
has expired, which will be the eighth day after I sign this Release, assuming I have
returned it to the Company by such date.

     3. Waiver of Unknown Claims. In granting the general release herein, I acknowledge that I have
read and understand California Civil Code section 1542, which states:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR
DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF
EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY
AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

     I expressly waive and relinquish all rights and benefits under that section and any law of any
jurisdiction of similar effect.

     This Release, together with the Agreement, constitutes the entire understanding of the parties
on the subjects covered.

	 	 	 	 	 	 	 
	 	 	EMPLOYEE:	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	[NAME]	 	 	 	 
	 

	 	Dated:
	 	 	 	 

A-2

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