Document:

Employment Offer Letter, Kirk E. Flatow

 Exhibit 10.28 
  
 [GRAPHIC APPEARS HERE] 
  

	 Tessera Technologies, Inc.
 3099 Orchard Drive
 San Jose, CA 95134
 Phone: (408)
894-0700
 Fax: (408) 894-0768
	  	 	  	 	  	 	  	 

  
 February 13, 2002 
  
 Dear Kirk: 
  
 I am pleased to offer you a position with Tessera, Inc., as Sr. Vice President, Sales and Marketing, reporting
directly to me. If you decide to join us, you will receive an annual salary of $225,000, which will be paid in accordance with the Company’s normal payroll procedures. You will also be eligible to receive an annual MBO bonus up to 35% of your
base salary. This bonus is based on objectives set forth and mutually agreed upon by you and your manager. 
  
 In addition to the regular vacation accrual you will receive 30 days accumulated vacation upon hire. As an employee, you are also eligible to receive
certain employee benefits including Group medical and dental benefits, 401(k) plan as well as other Tessera sponsored benefits. You should note that Company might modify salaries and benefits from time to time, as it deems necessary.

  
 In addition, if you decide to join us, it will be recommended
at the first meeting of the Company’s Board of Directors following your start date that the Company grant you an option to purchase 600,000 shares of the Company’s Common Stock at a price per share equal to the fair market value per share
of the Common Stock on the date of grant, as determined by the Company’s Board of Directors. This option grant shall be subject to the terms and conditions of the Company’s Stock Option Plan and Stock Option Agreement, including vesting
requirements. 
  
 Should there be a change of control at the
Company and within 12 months thereafter either 1) your employment is terminated or, 2) your terminate your employment for good reason, the following terms shall apply: 
  
 1) Severance package consisting of six months of base salary and 2) Twelve months acceleration of unvested shares of common stock. For this
purpose, change of control shall mean: 1) Any merger or combination with or into a third party, or 2) the sale of all or substantially all of the assets of the Company. Good reason shall apply under any of the following: 1) Employee relocation to
more than 30 miles from the current facility or 2) A reduction in base salary or in job related duties. 
  
 The Company is excited about your joining and looks forward to a beneficial and fruitful relationship. Nevertheless, you should be aware that your
employment with the Company is for no 

 [GRAPHIC APPEARS HERE] 
  

	 Tessera Technologies, Inc.
 3099 Orchard Drive
 San Jose, CA 95134

Phone 408 894 0700
 Fax 408 894 0768
	  	 	  	 	  	 	  	 

  
 specified period and constitutes
at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We
request that, in the event of resignation, you give the Company at least two weeks notice. 
  
 The Company reserves the right to conduct background investigations and/or reference checks on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a background
investigation and/or reference check, if any. 
  
 For purposes of
federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date
of hire, or our employment relationship with you may be terminated. 
  
 We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be
employed. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such is the case. Moreover, you agree that, during the term of your employment with the
Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage
in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential information to the Company, including that of your former employer, and that in performing your duties for the
Company you will not in any way utilize any such information. 
  
 As a Company employee, you will be expected to abide by company rules and standards. You will be specifically required to sign an acknowledgment that you have read and that you understand the Company’s rules of conduct which are
included in the Company Handbook. As a condition of your employment, you will also be required to sign and comply with an Employment, Confidential Information, Invention Assignment and Arbitration Agreement which requires, among other provisions,
the assignment of patent rights to any invention made during your employment at the Company, and non-disclosure of proprietary information. The Agreement also provides that in the event of any dispute or claim relating to or arising out of our
employment relationship, you and the Company agree that all such disputes shall be fully and finally resolved by binding arbitration. 

 [GRAPHIC APPEARS HERE] 
  

	 Tessera Technologies, Inc.
 3099 Orchard Drive
 San Jose, CA 95134

Phone 408 894 0700
 Fax 408 894 0768
	  	 	  	 	  	 	  	 

  
 To indicate your
acceptance of the Company’s offer, please sign and date this letter in the space provided below. A duplicate original is enclosed for your records. If you accept our offer, your first day of employment will be February 14, 2002. For the period
of February 14 through March 1, 2002 you will be a part-time employee and paid per diem at the rate stated in this letter. You will begin regular full-time employment on March 4, 2002. This letter, along with any agreements relating to proprietary
rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter, including, but not limited to, its at-will employment provision,
may not be modified or amended except by a written agreement signed by the Company President and you. This offer of employment will terminate if it is not accepted, signed and returned by February 14, 2002. 
  
 Kirk, we look forward to your favorable reply and to working with you at Tessera.

  

	 Sincerely,

	
	 /s/ Bruce McWilliams

	 Bruce McWilliams

	 CEO

	
	 Agreed to and accepted:

	
	 Signature: /s/ Kirk Flaton

	
	 Printed Name: Kirk Flaton

	
	 Date: 2/14/2K2

  
 Enclosures 
 Duplicate Original Letter 
 Employment, Confidential Information, Invention Assignment and Arbitration AgreementConsulting Agreement, dated as of December 2, 1999

 Exhibit 10.29 
  
 Tessera, Inc. 
 Consulting Agreement 
  

	 Mr. Philip Dauber
	  	 
	 27930 Roble Alto
	  	 
	 Los Altos Hills, CA 94022
	  	Date: December 2, 1999

  
 Dear Philip: 
  
 TESSERA, INC. (hereinafter “Tessera” or the “Company”),
a Delaware corporation, having a principal place of business at 3099 Orchard Drive, San Jose, California 95134, wishes to obtain your services as an independent consultant/contractor (hereinafter “Consultant”, “you” or
“your”) on projects agreed upon by you or to be assigned by the Company (hereinafter the “Projects”), and you as an independent Consultant desire to offer your services to the Company and accept the assignment to complete such
Projects. This letter shall constitute an agreement (the “Agreement”) between you and the Company, and contains all the terms and conditions relating to the services that you provide. 
  
 Independent Consultant. 
  
 Status. Your relationship with the Company shall be that of an
independent consultant; and both parties agree and understand that it is not an employment relationship. Consultant shall report directly and provide services in accordance with the instructions of Tessera’s President and with such reasonable
instructions given to him by any other officer of the Company. Tessera has selected you to provide consulting services based upon your experience and expertise and, accordingly, does not anticipate to provide you training or detailed instructions on
the performance of such services. In addition, as an independent Consultant, you may establish your own work schedule, consistent with the needs of Projects. You may determine the location where you perform services under this Agreement, consistent
with the timeliness and cost-effectiveness of completing Projects. If you desire to perform some part of the services on the Company’s premises, Company will make the appropriate arrangements to accommodate such needs. At times that you may
work in the Company’s premises and use Company’s furniture and equipment to facilitate the completion of Projects, such should not be construed as a condition for employment as an employee. You confirm that the Tax Identification Number
given by you hereunder is the correct I.D. for tax reporting purpose. In addition, you hereby represent and confirm that you are responsible for your own worker compensation insurance and other liability insurance coverage as an independent
contractor and that the Company is not responsible for such liability and insurance. 
  
 No Benefits. You will not be eligible for any employee benefits, nor will the Company make deductions from payments made to you for taxes, which shall be your sole responsibility as an independent Consultant.
In this regard, you hereby represent and confirm to the Company that you act as an independent Consultant and that you will pay all taxes, including federal, state and local income taxes, FICA, Medicare contributions, disability, and others.

  
 No Authority to Enter into Agreements. As an
independent Consultant, you shall have no authority to enter into contracts which bind the Company or create obligations on the part of the Company without the express prior written authorization of the Company. Such authorization must be signed by
an officer of Tessera. 
  
 No Third Party Confidential
Information. You agree and represent that you will not use, copy, or otherwise incorporate any third party confidential or proprietary information to complete Projects, other than the third party confidential information that you may receive
from Tessera to complete such Projects. The Company will not authorize such use of third parties’ confidential and proprietary information. 
  
 Payment & Expenses 
  
 Payment. As consideration for your services, you will be paid $5,000 at the end of each month of service provided you have performed a minimum of
one (1) day per week of service, averaged over the life of this Agreement, to Tessera under this Agreement for work performed on Projects as authorized by an officer of Tessera. This monetary payment schedule shall begin RETROACTIVELY from June 1,
1999 and shall continue for the term of this Agreement. If this Agreement is terminated early, any pay due you for a partial month of service shall be pro rated and paid to you promptly. 
  
 Stock Options. Subject to Tessera’s Board approval, you will receive an option pursuant to Tessera’s 1999
Stock Plan and standard form stock option agreement to purchase 340,000 shares of the Common Stock of Tessera for an exercise price of $1.00 per share as set as the fair market value by Tessera’s Board of Directors. As stated in the Tessera
1999 stock option plan, you may opt to exercise the options granted hereunder prior to vesting of the options (please review the stock option plan for more information). This option shall vest equally on a per month 
  

 1 

 basis over a thirty six (36) month period RETROACTIVELY beginning such vesting on June 1, 1999 and continuing such
vesting on the first day of each month thereafter, subject to your continued service to Tessera under this Agreement. If this Agreement terminates prior to the end of the fully vested thirty six month period, vesting of the unvested shares will
immediately stop and you shall be vested only in that number of shares that is equal to the number of full months of service that this Agreement was effective multiplied by the number shares per month. Notwithstanding, if this Agreement is
terminated by Tessera or any Tessera successor (other than for cause), an additional 12 months of shares shall accelerate and be purchasable by you at that time, unless there is less than one year left of vesting in which case only the remaining
possible unvested shares prior to such termination event (out of the 340,000 total possible vesting shares) shall accelerate and be purchasable by you at that time. Further, the first right of refusal clause in Tessera’s 1999 stock option plan
shall be extended to include an exception for transfer via will to PSERD Trust and to any 501C3 organization. This stock option grant is separate and distinct from the stock option grant that you may receive for being a Director on Tessera’s
Board. Any Tessera Board stock option grants shall be issued on a non-discriminatory basis for outside Board members which shall not take into account the shares granted herein. However, your duties hereunder are viewed as being an extension of your
duties and services as a Director of Tessera’s Board and therefor this stock option grant is also viewed as being compensation for such extended duties and services. 
  
 Expenses. According to the nature of Projects, you will be reimbursed for reasonable travel, telephone and other
out-of-pocket expenses actually incurred by you in connection with your services under this Agreement, provided that you obtain prior approval of an officer of the Company’s, and provided that you submit proper receipts for reimbursement.

  
 Confidentiality 
  
 Information you receive pursuant to Projects shall only be used for authorized Tessera
business. You shall keep in confidence and shall not disclose or make available to third parties or make any use of any information or documents relating to your services under this Agreement or to the products, methods of manufacture, trade
secrets, processes, business practices, vendor or customer lists, or confidential or proprietary information of the Company (other than information already in the public domain), except with the prior written consent of the Company and as necessary
to fulfill your duties to Tessera under this Agreement. If a court of law, having competent jurisdiction, requires the disclosure from you of the confidential or proprietary information you have obtained under this contract, you may disclose such
information to the extent so required by the court provided that you have given Tessera notice and an opportunity to seek a confidential court seal for such information. You recognize that the Company has received and in the future will receive from
third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. You agree that you owe the Company and such
third parties, during the term of this Agreement and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary
in connection with the Projects consistent with the Company’s agreement with such third party. Upon termination of this Agreement you will return to the Company all documents, or other materials related to the services provided hereunder or
furnished to you by the Company. Your obligations under this section shall survive termination of this Agreement. 
  
 Assignment of Inventions 
  
 Inventions. Consultant agrees that all copyrightable material, notes, records, drawings, designs, inventions, improvements, developments,
discoveries and trade secrets (collectively, “Inventions”) conceived, made or discovered by Consultant, solely or in collaboration with others in the area of semiconductor packaging (and other areas as may be related to the Projects) and
during the period of this Consulting Agreement are the sole property of the Company. Consultant further agrees to assign (or cause to be assigned) and does hereby assign fully to the Company all Inventions which are recognized as the sole property
of the Company under this paragraph. You agree that if in the course of working on Projects you incorporate into any invention, improvement, development, concept, discovery or other proprietary information owned by you or in which you have an
interest, the Company is hereby granted and shall have a nonexclusive, royalty-free, perpetual, irrevocable, worldwide license to make, have made, modify, use and sell such items as part of or in connection therewith. 
  
 Further Assistance. Consult agrees to assist Company at the
Company’s request, at the Company’s expense, in every proper way to secure the Company’s rights in the Inventions which are recognized in this Agreement as the sole property of the Company and any copyrights, patents, mask work rights
or other intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent 
  

 2 

 information and data with respect thereto, the execution of all applications, specifications, oaths, assignments and all
other instruments which the Company deems necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns and nominees the sole and exclusive right, title and interest in and to such
Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. Consultant further agrees that Consultant’s obligation to execute or cause to be executed, when it is in Consultant’s power
to do so, any such instrument or papers will continue after the termination of this Agreement. 
  
 Non-Compete 
  
 The Company understands that you do not presently perform or intend to perform, during the term of this Agreement, consulting or other services for
companies whose business or proposed businesses in any way involve the design or licensing of products that would be competitive with the products or proposed products of the Company. If you believe your representation of a client or potential
client may violate this paragraph, you agree to notify the Company in writing in advance (specifying the organization with which you propose to consult) and provide general, but not confidential, information sufficient to allow the Company to
determine if such consulting would conflict with areas of interest to the Company or further services which the Company might request of you pursuant to this Agreement. This provision does not restrict you from providing consulting services or board
representation to companies whose businesses do no involve the design or licensing of such competitive products or conflict with the Company’s other business activities. Further, this provision does not restrict you from providing consulting
services or board representation to companies whose products may incorporate competitive products that have been manufactured by third parties and that are not essential or primary to the resulting product manufactured or sold by such represented
companies. 
  
 “AT WILL”
Consultantcy & Termination 
  
 Either you or the Company
may terminate this Agreement at any time, with or without good cause by providing the other party with written notice. Such termination will take effect as of the date such termination is sent to the other party by facsimile, mail, or courier
service. 
  

 3 

 Arbitration and Equitable Relief. 
  
 Disputes. Except as provided in Section 14(c) below, the Company and
the Consultant agree that, to the extent permitted by applicable law, any dispute or controversy arising under or in conjunction with this Agreement will be settled exclusively by arbitration in San Jose, California, in accordance with the rules of
the American Arbitration Association then in effect by an arbitrator selected by both parties within ten days after either party has notified the other in writing that it desires a dispute between them to be settled by arbitration. In the event the
parties cannot agree on such arbitration within such ten-day period, each party will select an arbitrator and inform the other party in writing of such arbitrator’s name and address within five days after the end of such ten-day period and the
two arbitrators so selected will select a third arbitrator within 15 days thereafter; provided, however, that in the event of a failure by either party to select an arbitrator and notify the other party of such selection within the
time period provided above, the arbitrator selected by the other party will be the sole arbitrator of the dispute. The decision of the arbitrator or a majority of the panel of arbitrators will be binding upon the parties and judgment in accordance
with that decision may be entered in any court having jurisdiction therefor. Punitive damages will not be awarded. 
  
 Consent to Personal Jurisdiction. The arbitrator(s) will apply California law to the merits of any dispute or claim, without reference to conflicts
of law rules. Consultant hereby consents to the personal jurisdiction of the state and federal courts located in San Jose, California for any action or proceeding arising from or relating to this Agreement or relating to any arbitration in which the
parties are participants. 
  
 Equitable Relief. The parties
may apply to any court of competent jurisdiction for a temporary restraining order, preliminary injunction, or other interim or conservatory relief as necessary, without breach of this arbitration agreement and without abridgement of the powers of
the arbitrator. 
  
 Acknowledgement. CONSULTANT HAS READ
AND UNDERSTANDS THIS AGREEMENT, WHICH DISCUSSES ARBITRATION. CONSULTANT UNDERSTANDS THAT BY SIGNING THIS AGREEMENT, CONSULTANT AGREES TO SUBMIT ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION,
VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR TERMINATION THEREOF, TO BINDING ARBITRATION AND THAT THIS ARBITRATION CLAUSE CONSTITUTES A WAIVER OF CONSULTANT’S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL
ASPECTS OF THE RELATIONSHIP BETWEEN THE PARTIES. 
  
 Miscellaneous 
  
 Amendments. Any
amendment to this Agreement must be in writing signed by you and the Company. 
  
 Notices. All notices, requests or other communications called for by this Agreement shall be deemed to have been given if made in writing and mailed, postage prepaid, if to you at the address set forth above
and if to the Company at the principal office shown above, or to such other addresses as either party shall specify to the other. 
  
 Conflicts with Board Obligations. To the extent that any term of this Agreement conflicts with Consultant’s obligations or duties as a member
of Tessera’s Board of Directors, Consultant’s Board of Director’s obligations and duties shall supercede such conflicting terms. 
  
 Entire Agreement. This Agreement is the entire agreement of the parties and supersedes any prior agreements, whether verbal or written, whether
express or implied, between them with respect to the subject matter hereof. 
  
 If this Agreement is satisfactory and acceptable to you, please execute and return one copy to us, retaining the second copy for your file. 
  
 Yours very truly, 
  

	 COMPANY
	 	 	 	 AGREED AND ACCEPTED:

					
	By:	 	 /s/ Bruce McWilliams

	 	 	 	By:	 	 /s/ Philip Dauber

	 Print Name:
	 	 Bruce McWilliams
	 	 	 	 Print Name:
	 	 Philip Dauber

	 Title:
	 	 President & CEO
	 	 	 	 Tax I.D. #:
	 	 ###-##-####

	 Date:
	 	 Dec 6, 1999

	 	 	 	 Date:
	 	 12/15/99

  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]