Document:

Severance Agreement

 Exhibit 10.34 
  
 SEVERANCE AGREEMENT 
  
 This Severance Agreement (the “AGREEMENT”) is entered into this 20th day of August, 2004, by and between AIRNET COMMUNICATIONS CORPORATION, a Delaware
corporation (the “COMPANY”), and JOSEPH F. GERRITY (the “EMPLOYEE”). 
  
 RECITALS: 
  
 A. The Employee is an at-will
employee of the Company in the capacity of Chief Financial Officer at the behest of the Board of Directors; 
  
 B. In order to encourage the Employee to maintain his continued attention and dedication to his duties and responsibilities, the Company desires to provide Mr. Gerrity with a severance package in the event his
employment is terminated, as further described herein; 
  
 AGREEMENT: 
  
 NOW, THEREFORE, in consideration of the premises
and the covenants and agreements herein contained and the monies to be paid hereunder, the parties agree as follows: 
  
 SECTION 1. DEFINITIONS. 
  
 The following terms shall have the following meanings: 
  
 “CAUSE” means the Employee’s intentional bad faith act or omission, felony conviction, or gross dereliction of duty, which is materially harmful or damaging to the Company. 
  
 “COMPETING BUSINESS” shall mean any one or more of the following: (i) any business
in which the Company engages as of the date of this Agreement; or (ii) any other business in which the Company engages in before the termination of the Agreement. 
  
 “GOOD REASON” shall mean, without the Employee’s written consent, of any of the following circumstances: 
  

	(a)	The Employee is assigned a new position, which entails a reduction in the nature of Employee’s authority with respect to the operation of the Company’s business compared
to Employee’s position in effect on the date of this Agreement; 

  

	(b)	A reduction in the Employee’s Base Salary in effect on (i) the date of this Agreement, or an adverse change in benefits or perquisites other than a change that is generally
applicable to all executive employees; 

  

	(c)	The Company’s requirement that the Employee’s site of principal employment be more than twenty-five miles from the offices at which the Employee was principally employed
on the date of this Agreement; or 

  

	(d)	The Employee is assigned duties inconsistent with the status of the position that the Employee held on the date of this Agreement, or an adverse alteration in the nature or status
of the Employee’s responsibilities held on the date of this Agreement which shall constitute a constructive demotion, or 

  

	(e)	The failure of the Company to obtain a satisfactory agreement from any successor corporation to assume and agree to perform this Agreement. 

  
 “PROTECTED TERRITORY” shall mean any state within the United States or other
country in which the Company or any of its subsidiaries provides any of its services or sells or distributes any of its products as of the date of this Agreement or thereafter. 
  
 “TOTAL DISABILITY” shall mean an inability to perform the duties of the Employee because of physical or mental impairment for a
period in excess of 120 days, which qualifies the Employee for disability benefits under the applicable long-term disability plan maintained by the Employer or any subsidiary or, if no such plan applies, which would qualify the Executive for
disability benefits under the Federal Social Security System. 

 SECTION 2. EMPLOYMENT. 
  

The Company hereby retains Employee at an annual base salary of $178,750 (the “BASE SALARY”). The Base Salary shall be paid in accordance with the
Company’s ordinary and customary payroll practices, which may be amended from time to time. 
  
 SECTION 3. TERMINATION EVENTS. 
  

	3.1	AT WILL EMPLOYMENT. The Company retains its right to terminate Employee’s employment with or without Cause. Likewise, the Employee may terminate his employment with or without
Good Reason. 

  

	3.2	TERMINATION EVENT. Each of the following events shall be a “TERMINATION EVENT:” 

  

	 	(a)	The termination of the Employee without Cause; or 

  

	 	(b)	The resignation of Employee for Good Reason upon no less than Thirty (30) days advance written notice to the Company clearly sighting the circumstance constituting Good Reason, and
further that during such Thirty (30) day notice period the Company fails to, or elects not to, cure such cause for Good Reason. 

  

	3.2	DEATH OR TOTAL DISABILITY. The Employee’s employment will terminate effective immediately upon Employee’s death or Total Disability. 

  
 SECTION 4. SEVERANCE; NON-COMPETE AND NON-SOLICITATION. 
  

	4.1	SEVERANCE AMOUNT. 

  

	 	(a)	Upon a Termination Event, the Company shall pay the Employee an amount (the “Severance Payment”) equal to six (6) months salary in a lump sum within three (3) days from
the date of the Termination Event based on the greater of the base salary of Employee as of the date of this Agreement or the then current base salary of Employee as of the effective date of termination. In addition, upon a Termination Event, all of
Employee’s unvested stock options to purchase Company common stock will accelerate and be vested. 

  

	 	(b)	Upon Employee’s resignation without Good Reason or the death or Total Disability, the Employee (or his estate) shall not be entitled to any Severance Payment except that he (or
his estate) shall be entitled to: 

  

	 	i)	Any unpaid salary and other benefits that have accrued for services already rendered as of the date of termination, except with respect to any Company disability plans;

  

	 	ii)	Pro-rata annual performance bonus, if any, for the portion of the year prior to his resignation. 

  

	4.2	PAYMENT MITIGATION. The Severance Payment payable under this Agreement shall be paid by the Company to the Employee in a lump sum and shall be deemed fully earned by Employee,
subject to withholding; provided that the net amount after withholding shall be immediately deposited in escrow (“ESCROW DEPOSIT”) with a mutually acceptable third party (“ESCROW AGENT”). Subject to the mitigation provisions of
this Section 4.2, the Escrow Agent shall deliver to Employee out of escrow one sixth of the total amount originally deposited in escrow on each month commencing 30 days from the Termination Event. Employee agrees that in the event he earns any
salary, consulting fees, signing bonuses, or other compensation income from a party other than the Company during this six (6) month period (“MITIGATION PERIOD”), that the Company shall be entitled to reduce its Severance Payment
obligation, net of withholding, by the amount of such payments received by Employee net of withholding (“OTHER NET COMPENSATION”) and that Employee will promptly notify the Company and the Escrow Agent of his receipt of Other Net
Compensation. If the Company and the Escrow Agent receive such notice or otherwise verify that Employee has received Other Net Compensation during the Mitigation Period, the Escrow Agent shall deliver to the Company from the Escrow Deposit an amount
equal to the Other Net Compensation received by Employee during the Mitigation Period. Once disbursed by the Escrow Agent, Employee shall be under no obligation to reimburse the Company any of those disbursed amounts unless Employee has failed to
disclose the receipt of any Other Net Compensation during the Mitigation Period. Any scheduled monthly disbursements due from the Escrow Agent shall be offset and reduced by the amount of Other Net Compensation received by Employee during the
Mitigation Period. The Employee and Company will enter into a suitable escrow agreement with the Escrow Agent to carry out the provisions of this Section 4.2. Employee is under no duty to seek employment or other sources of compensation income
during the Mitigation Period. 

  

	4.3	NON-COMPETITION/NON-SOLICITATION. In the event that Employee resigns without Good Reason or is terminated for Cause, for a period of six months (the “TERM”) from the date
of that resignation/termination Employee agrees that Employee will not, singly, jointly, or as a partner, member, employee, agent, officer, director, stockholder (except as a holder of not more than two percent of the outstanding stock of any
company listed on a national securities exchange, or actively traded in a national over-the-counter market), equity holder, lender, consultant, independent contractor, or joint venturer of any other person, or in any other capacity, directly or
beneficially: (i) own, manage, operate, join, control, or participate in the ownership, management, operation or 

  

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 control of, or permit the use of his name by, or work for, or provide consulting, financial or other
assistance to, or be connected in any manner with, a Competing Business anywhere in the Protected Territory during the Term; (ii) employ, retain or engage (as an employee, consultant or independent contractor), or induce or attempt to induce to be
employed, retained or engaged, any Person who is or was an employee of the Company during the Term; (iii) induce or attempt to induce any Person who, on the date hereof or at any time hereafter during the Term, is an employee of the Company to
terminate his or her relationship with the Company; or (iv) induce or attempt to induce any Person which is a customer of the Company, or which otherwise is a contracting party with the Company, as of the date hereof or at any time hereafter during
the Term to terminate any written or oral agreement or understanding with the Company. 
  
 SECTION 5. PARTIAL INVALIDITY. 
  
 The invalidity or
unenforceability of a particular provision of this Agreement shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provisions were omitted. 
  
 SECTION 6. TERMINATION OF AGREEMENT. 
  
 This Agreement shall terminate upon the earlier of: (i) the date the Employee is terminated
for Cause or resigns without Good Reason; or (ii) the fourth (4th) anniversary of this Agreement. The obligations of Employee under Section 4.2 and 4.3 will survive termination of this Agreement. 
  
 SECTION 7. NO ORAL MODIFICATION. 
  
 Except as set forth in Section 8 below, no modification, amendment or waiver of any of the
provisions of this Agreement shall be deemed effective unless made in writing specifically referring to this Agreement and duly signed by each party hereto. 
  
 SECTION 8. MODIFICATION OF AGREEMENT. 
  
 In the event any provision of this Agreement is determined to be invalid by any court or other entity of competent jurisdiction, such provision(s) shall be deemed to have
been amended and the parties hereto agree to execute all documents necessary to evidence such amendment so as to eliminate or modify any such invalid provision(s) so as to carry out the intent of this Agreement enforceable in all respects as so
modified. 
  
 SECTION 9. GOVERNING LAW/VENUE. 
  
 This Agreement shall be governed and construed by the provisions hereof and in accordance
with the laws of the State of Florida applicable to agreements to be performed in the State of Florida. Venue for any litigation stemming from the construction and operation of this Agreement shall be in Brevard County, Florida. 
  
 SECTION 10. ASSIGNABILITY. 
  
 This Agreement may not be assigned by either party, in whole or in part, without the prior
written consent of the party to be charged; provided, however, that such prior written consent shall not be unreasonably withheld. 
  
 SECTION 11. BINDING EFFECT. 
  
 This Agreement shall be binding on the successors and assigns of either party hereto, except that the Company shall not be relieved of any liability hereunder upon the
assignment of this Agreement. The Company agrees to obtain the consent of any successor to be bound by this Agreement. 
  
 SECTION 12. ATTORNEYS’ FEES. 
  
 In any suit brought by the Employee to enforce his rights under this Agreement, if the Employee prevails, the Employee shall be entitled to reasonable attorneys’
fees and costs. 
  
 SECTION 13. COUNTERPARTS. 
  
 This Agreement may be signed and executed in one or more counterparts, each which shall be
deemed an original and all of which together shall constitute one agreement. 
  

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 SECTION 14. NOTICE. 
  
 Any consent, waiver, notice, demand, request, or other instrument required or permitted to be given under this Agreement shall be deemed to have been properly given when
in writing and delivered in person or sent by certified or registered mail, return receipt requested, postage prepaid, addressed: 
  
 If to the Company: 
  
 AirNet Communications Corporation 3950 Dow Road, Melbourne, Florida 32934 Attention: Chief Executive Officer 
  
 If to the Employee: 
  
 Joseph F. Gerrity, 3950 Dow Road, Melbourne, Florida 32934 
  
 Either party may change its address for notices by notice in the manner set forth above. 
  
 SECTION 15. ENTIRE AGREEMENT. 
  
 This Agreement constitutes the entire understanding between the parties concerning Employee’s severance and supersedes all prior discussions, agreements and
representations, whether oral or written and whether or not executed by the Company and Employee. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above. 
  
 COMPANY: 
 AIRNET COMMUNICATIONS CORPORATION, 
 a Delaware corporation 
  

			
	 By:
	 	 /s/ Glenn A. Ehley

	 Name:
	 	Glenn A. Ehley
	 Title:
	 	President and CEO

  

	
	 EMPLOYEE:

	
	 /s/ Joseph F. Gerrity

	 Joseph F. Gerrity

  

 4Consulting Agreement

 Exhibit 10.35 
  
 Consulting Agreement 
  
 This Agreement, dated August 24, 2004 is entered into by and between Ronald W. White (the “Consultant”), an individual domiciliary
residing at 844 West 830 North, Orem, UT 84057 and AirNet Communications Corporation, a Delaware corporation (the “Company”), with offices located at 3950 Dow Road, Melbourne, Florida 32934. 
  
 R E C I T A L S 
  
 WHEREAS the Consultant has wireless industry and investment experience; and

  
 WHEREAS, the Consultant desires to provide sales leads, make
introductions and assist the Company in evaluating strategic financial alternatives (the “Services”), and the Company desires to retain the Consultant for such purposes; 
  
 A G R E E M E N T 
  
 NOW THEREFORE, in consideration of the covenants and agreements herein, the parties agree as follows: 
  
 1. Retention. The Company hereby retains the Consultant, and the
Consultant agrees to be retained by the Company, to perform the services as a consultant to the Company on the terms and conditions set forth herein. The parties agree that the Consultant shall be retained by the Company as an independent contractor
on a consulting basis and not as an employee of the Company. 
  
 2. Term. The term of this Agreement shall commence as of August 18, 2004 and shall end on August 17, 2005. The Agreement shall automatically be renewed for successive one-month periods thereafter, unless terminated earlier pursuant
to Section 6 hereof. 
  
 3. Duties of Consultant. The
Consultant agrees to provide the Company with consulting services as is reasonably requested by the Company, within the scope of the Services described below. Consultant’s duties shall include, without limitation, upon the request of the Chief
Executive Officer of the Company or his designee, provision of the Services set forth below and such other efforts as are requested and are consistent with the Company’s objective of achieving profitability and increasing stockholder value. It
is understood and acknowledged by the parties that the value of the Consultant’s advice and services is not readily quantifiable, and that Consultant shall be obligated to use its best reasonable efforts to furnish the services as requested by
the Company, but not be obligated to spend any specific amount of time, either at the Company’s location or elsewhere designated on behalf of the Company, in so doing. 
  

	 	a.	Assist the Company in formulating a strategic large operator business development strategy; 

  

	 	b.	Provide business contacts and assist the Company in making introductions in order to execute large operator business development; 

  

	 	c.	Advise the Company on matters pertaining to corporate financing; and 

  

	 	d.	Provide such other advice and services on matters related to the foregoing. 

  
 4. Compensation. Company shall compensate Consultant as follows: 
  

	 	a.	The Consultant shall be paid at a monthly billing rate of $3,000 for Services rendered hereunder, payable within 15 days of invoice submittal. The Company shall reimburse
Consultant for incidental out-of-pocket-expenses such as parking fees and telephone expenses based on submission of receipts. Additional expenses, such as travel related expenses, are subject to reimbursement by the Company and shall require the
advance approval of the Company. 

  

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	 	b.	All taxes, duties, and other governmental fees or charges arising from Consultant’s receipt of remuneration hereunder shall be borne solely by Consultant. Consultant
acknowledges and agrees no other compensation is due except as expressly provided above or otherwise agreed to in writing in advance by the Company. 

  
 5. Confidentiality; Securities Laws. Consultant acknowledges that it has been and may continue to be given access to
confidential and proprietary information of the Company in connection with its engagement hereunder and shall keep such information confidential in accordance with the terms and conditions of the pre-existing Confidential Disclosure Agreement
between Consultant and Company. Consultant may disclose certain confidential information to third parties in the course of performing hereunder provided i) such third parties are approved by Company, and ii) a confidentiality agreement between the
third party and Consultant and Company exists on satisfactory terms to the Company. 
  
 6. Termination. This Agreement may be terminated by either party hereto (a) immediately at any time due to a material breach of this Agreement by the non-terminating party and (b) upon at least 30 days prior
written notice to the other party. At such date of termination, any compensation amounts due and owing to the Consultant as set forth in Section 3 above shall be paid and notwithstanding the termination of this Agreement. 
  
 7. Compliance with Law. In Consultant’s performance and
completion of its duties and obligations under this Agreement, Consultant and its employees, agents and contractors shall at all times fully comply with all applicable federal, state and local laws, statutes, ordinances, rules, regulations and
orders. 
  
 8. Notices. All notices, requests, consents and
other communications required or permitted under this Agreement shall be in writing and shall be (as elected by the person giving such notice) hand delivered by messenger or courier service (including overnight courier such as Fed Ex),
telecommunicated, or mailed (airmail if international) by registered or certified mail (postage prepaid), return receipt requested, addressed to the parties as specified in the preamble to this Agreement or to such other address as any party may
designate by notice complying with the terms of this Section. Each such notice shall be deemed delivered: (a) on the date delivered if by personal delivery; (b) on the date of confirmed transmission if by fax communication; and (c) on the date upon
which the return receipt is signed or delivery is refused or the notice if designated by the postal authorities as not deliverable, as the case may be, if mailed. 
  
 9. Applicable Law. This Agreement has been made in the State of Florida and shall be construed and governed in
accordance with the laws thereof without regard to conflicts of laws. 
  
 10. Compliance. All rights available to either party under this Agreement or any other document delivered hereunder or in connection herewith, or allowed it by law or equity, are and shall be cumulative and may be exercised
separately or concurrently and from time to time without waiver of any other remedies. No party hereto shall be deemed to have waived any right, power or privilege under this Agreement unless such waiver shall have been expressed in a written
instrument signed by the waiving party. The failure of any party hereto to enforce any provision of this Agreement shall in no way be construed as a waiver of such provision or a right of such party to thereafter enforce such provision or any other
provision of this Agreement. 
  
 11. Captions. Paragraph
titles or captions contained in this Agreement are inserted only as a matter of convenience and for reference and in no way define, limit, extend, or describe the scope of this Agreement or the intent of any provision hereof. 
  

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 12. Miscellaneous. 
  

	 	a.	Further Actions. At any time and from time to time, each party agrees, at its expense, to take such actions and to execute and deliver such documents as may be reasonably
necessary to effectuate the purposes of this Agreement. 

  

	 	b.	Binding Effect. This Agreement and the terms, covenants, provisions and conditions hereof shall be binding upon, and shall inure to the benefit of, the respective heirs,
successors and assigns of the parties hereto; provided, however, that Consultant shall not subcontract or assign this Agreement, or otherwise dispose of all or any portion of its right, title or interest herein, to any person or entity without the
express prior written consent of Company. 

  

	 	c.	Damages. In the event of a breach by one party of any covenant, representation, warranty or other term of this Agreement, the other party shall be relieved of any obligations
it may have hereunder, and in addition to the rights and remedies granted hereunder, shall be entitled to all other recourse provided by applicable law. 

  

	 	d.	Severability. If any provisions of this Agreement is invalid, illegal or enforceable, the balance of this Agreement shall remain in effect, and any provision is inapplicable
to any person or circumstance, it shall nevertheless remain applicable to any other persons and circumstances. To the extent this Agreement or any portion hereof is determined by any court, governmental agency or self-regulating body to be violative
of any rules, regulations or guidelines issued or promulgated by such entities, this Agreement shall be modified, without any action by the parties hereto, to conform to such rules, regulations or guidelines. 

  

	 	e.	Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed original, but all of which together shall constitute one and the
same instrument. 

  

	 	f.	Amendment. This Agreement may not be amended or modified in any manner except by a written agreement executed by each of the parties hereto. 

  
 13. Entire Agreement. This Agreement contains the entire agreement
between the parties, may not be altered or modified, except in writing and signed by the party to be charged thereby and supercedes any and all previous agreements between the parties. 
  
 IN WITNESS WHEREOF, the parties have executed this Consulting Agreement as of the day and year first above written.

  

							
	AirNet Communications Corporation	 	Ronald W. White
				
	 By:
	 	  

	 	By:	 	  

	 	 	Glenn Ehley	 	 	 	Ronald W. White
	 	 	Chief Executive Officer	 	 	 	 

  

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