Document:

exv10w25

 

Exhibit 10.25

December 7, 2007

Pete J. Mangan

884 Russet Drive

Sunnyvale, CA 94087

Dear Pete:

We are pleased to make this offer of employment to you with Trident Microsystems, Inc.
(“Trident”). Your position with Trident will be that of Vice President, Finance, reporting
to the Chief Financial Officer. The details of this offer, including the compensation
package, are as follows:

	•	 	Your base salary will be $220,000.00 per year, paid on a semi-monthly basis at a
rate of $9,166.67.
	 
	•	 	You will be eligible to participate in Trident’s medical, dental, and life
insurance programs.
	 
	•	 	You will be entitled to paid time off in accordance with Trident’s current
policies.
	 
	•	 	Upon the approval of the Compensation Committee of Trident’s Board of Directors,
(“Compensation Committee”) you will be granted the equity incentive award described in
Appendix A, subject to the terms set forth therein.
	 
	•	 	You will be eligible to participate in Trident’s Incentive Bonus Plan and your
target bonus payment will be 40% of your annual base salary, as described in
Appendix B.
	 
	•	 	Trident will pay a sign-on bonus in the amount of $42,000 subject to Appendix
C.

Within three (3) days of the start of your employment you will be required, as a condition
of your employment, to complete the following:

	•	 	You must provide acceptable documentation of proof of your eligibility to work in
the United States as required by the Immigration and Naturalization Act (I-9).
	 
	•	 	You will be required to sign Trident’s standard form of Employment, Proprietary
Information and Invention Assignment Agreement, including a non-solicitation covenant
of twenty-four (24) months’ duration.

Trident is a dynamic, fast growing company whose success depends upon the contributions of
talented individuals such as you. You can accept this offer by signing below, indicating
your anticipated start date, and returning this copy to me. Should you have any questions
or if you need additional information please feel free to contact me.

This offer of employment is contingent upon your ability to comply with the employment
authorization provisions of the Immigration & Naturalization Act as well as the successful
completion of your background investigation. In addition, this offer is conditioned upon
your acceptance, in writing, by December 14, 2007.

Sincerely,

/s/ David L. Teichmann                                                       

David L. Teichmann

General Counsel,

Vice President of Human Resources & Corporate Secretary

 

 

December 7, 2007

Pete Mangan

Page 2 of 5

ACKNOWLEDGMENTS & ACCEPTANCE

I accept this employment offer with the understanding that it is not a contract for a fixed term or
specified period of time. I understand that my employment is voluntary, “at will” and can be
terminated either by me or by Trident at any time, with or without notice and with or without
cause, subject to the terms of this letter. The provisions stated in this offer letter supersede
all prior representations or agreements, whether written or oral. This offer letter may not be
modified or amended except by a written agreement, signed by an authorized officer of Trident and
me.

	 	 	 	 	 	 	 
	/s/ Pete Mangan

	 	12/12/2007
	 	1/11/2008	 	 
	 

Pete Mangan

	 	 

Date
	 	 

Anticipated Start Date
	 	 

 

 

December 7, 2007

Pete Mangan

Page 3 of 5

Appendix A

Equity Incentive Award

Initial Hire-on Option Grant

Upon the approval of the Compensation Committee, at its first regularly scheduled meeting following
your employment start date, you will be granted a non-qualified stock option to purchase 75,000
shares of Trident’s common stock at an exercise price per share equal to the closing price of a
share of Trident’s common stock on the Nasdaq Global Market on the effective date of grant.
Subject to your continued performance of services with Trident through each respective vesting
date, the shares subject to this stock option will vest and become exercisable over a four-year
period at the rate of 25% of such shares upon each of the first four anniversaries of your
employment start date. Your stock option will be granted under and subject to the terms and
conditions of the 2006 Equity Incentive Plan and Trident’s standard stock option agreement, as
modified by this letter, which you will be required to sign as a condition to receiving this
option.

	 	 	 
	/s/ Pete Mangan
	 	 
	 

Pete Mangan

	 	 

 

 

December 7, 2007

Pete Mangan

Page 4 of 5

Appendix B

Incentive Bonus Plan

You will be eligible to participate in Trident’s Incentive Bonus Plan at a target rate of 40% of
your annual base salary. The actual bonus, if any, you earn under the Incentive Bonus Plan will be
based upon Trident’s achievement of annual performance goals determined by the Board of Directors
and/or Compensation Committee. In addition, you must be an active employee on the date of the
bonus payment to be entitled to receive a bonus under the Incentive Bonus Plan. The detailed terms
and conditions of the Incentive Bonus Plan are defined yearly by the Board of Directors and/or
Compensation Committee and are subject to change at the Board of Directors’ and/or Compensation
Committee’s discretion from year to year.

For the period from your employment start date through June 30, 2008, the end of Trident’s current
fiscal year, Trident will guarantee payment to you of an incentive bonus in the amount of no less
than $22,000.00 (“Guaranteed Initial Bonus”). The Guaranteed Initial Bonus will be paid at the
same time annual bonus payments are made to Trident’s employees, which is currently expected to
occur during August 2008.

	 	 	 
	/s/ Pete Mangan
	 	 
	 

Pete Mangan

	 	 

 

 

December 7, 2007

Pete Mangan

Page 5 of 5

Appendix C 

Sign-on Bonus

Sign-on Bonus. You will receive a sign-on bonus of $42,000.00 (“Sign-On Bonus”) to be paid to you
through the first paycheck after your actual start date with Trident.

In the event that prior to the first anniversary date of your employment start date you should
voluntarily terminate your employment with Trident, you agree to repay the Sign-On Bonus within
thirty (30) days following the effective date of your voluntary termination of employment.

ACKNOWLEDGMENT & ACCEPTANCE

I have read the above conditions relating to the Sign-on Bonus. I fully understand and accept the
terms under which this bonus is paid.

	 	 	 
	/s/ Pete Mangan
	 	 
	 

Pete Manganexv10w26

 

Exhibit
10.26

December 27, 2007

Donna M. Hamlin

3 Oakvale Avenue

Berkeley, CA 94705

Dear Donna:

We are pleased to make this offer of employment to you with Trident Microsystems, Inc.
(“Trident”). Your position with Trident will be that of Vice President, Human Resources,
reporting to Sylvia Summers, the Chief Executive Officer. The details of this offer,
including the compensation package, are as follows:

	•	 	Your base salary will be $220,000.00 per year, paid on a semi-monthly basis at a
rate of $9,166.67.
	 
	•	 	You will be eligible to participate in Trident’s medical, dental, and life
insurance programs.
	 
	•	 	You will be entitled to paid time off in accordance with Trident’s current
policies.
	 
	•	 	Upon the approval of the Compensation Committee of Trident’s Board of Directors,
(“Compensation Committee”) you will be granted the equity incentive awards described
in Appendix A, subject to the terms set forth therein.
	 
	•	 	You will be eligible to participate in Trident’s Incentive Bonus Plan and your
target bonus payment will be 50% of your annual base salary, as described in
Appendix B.

Within three (3) days of the start of your employment you will be required, as a condition
of your employment, to complete the following:

	•	 	You must provide acceptable documentation of proof of your eligibility to work in
the United States as required by the Immigration and Naturalization Act (I-9).
	 
	•	 	You will be required to sign Trident’s standard form of Employment, Proprietary
Information and Invention Assignment Agreement, including a non-solicitation covenant
of twenty-four (24) months’ duration.

Trident is a dynamic, fast growing company whose success depends upon the contributions of
talented individuals such as you. You can accept this offer by signing below, indicating
your anticipated start date, and returning this copy to me. Should you have any questions
or if you need additional information please feel free to contact me.

This offer of employment is contingent upon your ability to comply with the employment
authorization provisions of the Immigration & Naturalization Act as well as the successful
completion of your background investigation. In addition, this offer is conditioned upon
your acceptance, in writing, by January 2, 2008.

Sincerely,

/s/
David L.
Teichmann                                                       

David L. Teichmann

General Counsel,

Vice President of Human Resources & Corporate Secretary

 

 

December 27, 2007

Donna M. Hamlin

Page 2 of 4

ACKNOWLEDGMENTS & ACCEPTANCE

I accept this employment offer with the understanding that it is not a contract for a fixed term or
specified period of time. I understand that my employment is voluntary, “at will” and can be
terminated either by me or by Trident at any time, with or without notice and with or without
cause, subject to the terms of this letter. The provisions stated in this offer letter supersede
all prior representations or agreements, whether written or oral. This offer letter may not be
modified or amended except by a written agreement, signed by an authorized officer of Trident and
me.

	 	 	 	 	 	 	 
	/s/ Donna M. Hamlin

	 	12/28/07	 	1/11/2008	 	 
	 

Donna M. Hamlin

	 	 

Date
	 	 

Anticipated Start Date
	 	 

 

 

December 27, 2007

Donna M. Hamlin

Page 3 of 4

Appendix A

Equity Incentive Award

Initial Hire-on Option Grant

Upon the approval of the Compensation Committee, at its first regularly scheduled meeting following
your employment start date, you will be granted a non-qualified stock option to purchase 60,000
shares of Trident’s common stock at an exercise price per share equal to the closing price of a
share of Trident’s common stock on the Nasdaq Global Market on the effective date of grant.
Subject to your continued performance of services with Trident through each respective vesting
date, the shares subject to this stock option will vest and become exercisable over a four-year
period at the rate of 25% of such shares upon each of the first four anniversaries of your
employment start date. Your stock option will be granted under and subject to the terms and
conditions of the 2006 Equity Incentive Plan and Trident’s standard form of stock option agreement,
which you will be required to sign as a condition to receiving this option.

Initial Hire-on Restricted Stock Award

Upon the approval of the Compensation Committee, at its first regularly scheduled meeting following
your employment start date, you will be granted a restricted stock award consisting of 20,000
shares of Trident’s common stock. These shares will be subject to automatic forfeiture if your
performance of services with Trident terminates prior to the date on which the shares vest.
Subject to your continued performance of services with Trident through each respective vesting
date, the shares subject to this restricted stock award will vest over a four-year period at the
rate of 25% upon each of the first four anniversaries of your employment start date. Your
restricted stock award will be granted under and subject to the terms and conditions of the 2006
Equity Incentive Plan and Trident’s standard form of restricted stock agreement, which you will be
required to sign as a condition to receiving the award.

	 	 	 
	/s/
Donna M. Hamlin
	 	 
	 

Donna M. Hamlin

	 	 

 

 

December 27, 2007

Donna M. Hamlin

Page 4 of 4

Appendix B

Incentive Bonus Plan

You will be eligible to participate in Trident’s Incentive Bonus Plan at a target rate of 50% of
your annual base salary. The actual bonus, if any, you earn under the Incentive Bonus Plan will be
based upon Trident’s achievement of annual performance goals determined by the Board of Directors
and/or Compensation Committee. In addition, you must be an active employee on the date of the
bonus payment to be entitled to receive a bonus under the Incentive Bonus Plan. The detailed terms
and conditions of the Incentive Bonus Plan are defined yearly by the Board of Directors and/or
Compensation Committee and are subject to change at the Board of Directors’ and/or Compensation
Committee’s discretion from year to year.

	 	 	 
	/s/
Donna M. Hamlin
	 	 
	 

Donna M. Hamlin

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