Document:

Amendment to and Restatement of Salary Reduction Agreement

 Exhibit 10.9 
  
 AMENDMENT TO AND RESTATEMENT OF 
  
 SALARY REDUCTION AGREEMENT 
  
 WHEREAS, VINCENT J. COATES and, pursuant to a resolution of its Board of Directors at its meeting of February 20, 1985, NANOMETRICS INCORPORATED, a
California corporation, entered into a Salary Reduction Agreement (the “Salary Reduction Agreement”) dated May 1, 1985; and 
  
 WHEREAS, VINCENT J. COATES and, pursuant to a resolution of its Board of Directors at its meeting of August 21, 1996, NANOMETRICS INCORPORATED, a
California corporation, decided to amend and restate such Salary Reduction Agreement, a copy of which Amendment to and Restatement of Salary Reduction Agreement is attached hereto is Exhibit 1; and 
  
 WHEREAS, the parties wish to amend such Salary Reduction Agreement to reflect
subsequent salary adjustments and to clarify that Mr. Coates’ salary shall continue for five (5) years from the date upon which he is forced to resign from his position as, or is otherwise removed from his position as, Chairman of the Board of
NANOMETRICS INCORPORATED and at the rate which he is receiving on such relinquishment date, and that all benefits for which Mr. Coates remains eligible, and the conversion of such benefits, including health and life insurance benefits, shall be
continued at Company expense during such five (5) year period at Mr. Coates’ request. 
  
 NOW, THEREFORE, IT IS AGREED AS FOLLOWS: As approved and adopted by resolution of the Board of Directors at its meeting held on June 18, 1998, the Salary Reduction Agreement between Mr. Coates and NANOMETRICS
INCORPORATED dated August 21, 1996, is hereby amended, and the provisions of said Salary Reduction Agreement are hereby restated, in their entirety, effective April 16, 1998 to read as follows: 
  
 “SALARY REDUCTION AGREEMENT 
  
 This Agreement is entered into this 18th day of June, 1998 by and between
Vincent J. Coates (“Mr. Coates”), a California resident and Nanometrics Incorporated, a California corporation (the “Company”). 
  

 RECITALS 
  

WHEREAS, Mr. Coates is currently employed as Chairman of the Board of the Company, a position which he has held since the inception of the Company in
1975, and 
  
 WHEREAS, Mr. Coates’ annual base salary was Three Hundred Thousand Dollars ($300,000) per year when he entered into a Salary Reduction
Agreement, dated May 1, 1985, and 
  
 WHEREAS, Mr. Coates and the
Company and its Board of Directors have agreed that, in light of the fact that the Company has acquired competent staff to perform duties previously performed by Mr. Coates, and Mr. Coates is better able now to delegate his duties to his staff, the
Company’s reliance upon Mr. Coates has decreased, and that it would be appropriate to reduce his annual base salary to reflect the decrease in his responsibilities; 
  
 NOW, THEREFORE, the parties hereby agree as follows: 
  
 1. Effective as of March 1, 1985, Mr. Coates’ salary was reduced from an annual base rate of $300,000 to an annual base
rate of $200,000, and his salary has since varied as follows: 
  

				
	 3/1/85 V. J. Coates took a cut in pay -
	  	$	200,000/year
		
	 10/85 V. J. Coates took a cut in pay -
	  	$	100,000/year
		
	 2/13/89 Merit increase
	  	$	111,250/year
		
	 2/19/90 Merit increase
	  	$	121,225/year
		
	 1/1/92 Merit increase
	  	$	133,348/year
		
	 3/21/94 Merit increase
	  	$	146,684/year

  
 5/22/96 Compensation
Committee/Board of Directors’ decision to maintain Mr. Coates’ salary at same level. 
  
 5/15/97 Compensation Committee/Board of Directors’ decision to increase Mr. Coates’ salary to $200,000/year 
  
 2. All additional benefits which Mr. Coates previously enjoyed as an officer and employee of the Company have continued and shall continue, based upon the
new annual base salary. 
  
 3. The parties hereby expressly agree
that this Agreement is intended solely to set out the parties’ understanding with respect to compensation and is not intended to constitute a contract of employment for any period of time. Mr. Coates understands that he is, and following the
execution of this Agreement, remains, an at-will employee of the Company. 
  
 4. Effective April 16, 1998, in the event that Mr. Coates is forced because of a merger, acquisition or for any reason to resign or is otherwise removed from or loses his position as Chairman of the Board of
NANOMETRICS INCORPORATED, as such position has been defined in terms of responsibilities and compensation as of this date, his salary will continue on normal paydays with regular withholding for five (5) 

  

 
years from that date at the base salary rate which he received at the time of such relinquishment. In addition, during such five (5) year period, any Company
benefits for which Mr. Coates remains eligible, shall be continued at Company expense, including life and health insurance coverage (medical, dental and prescription) and including any conversion of such coverage, e.g., conversion of health
insurance coverage to COBRA and the conversion of COBRA to individual coverage, upon Mr. Coates’ request. The Company shall pay any portion of such benefit(s) which Mr. Coates would ordinarily be required to pay during such five (5) year
period. 
  
 5. Should Mr. Coates relinquish his position as
Chairman of the Board and as an employee but not as a member of the Board of Directors, he shall be eligible to collect fees as an outside director as long as he remains a Director. He shall be eligible for travel and other normal incidental
expenses incurred in connection with attendance at Board and Committee meetings. 
  
 6. This Agreement shall be governed by and construed in accordance with the laws of the State of California.” 
  
 IN WITNESS WHEREOF, the parties hereto have executed this AMENDMENT TO AND RESTATEMENT OF SALARY REDUCTION AGREEMENT effective as of the 16th day of April
1998. 
  

					
			
	  	 	 	 	 /s/ Vincent J. Coates

	 	 	 	 	 Vincent J. Coates

	 NAOMETRICS INCORPORATED,
 by its Board of Directors:
	 	 	 	 
			
	 /s/ Nathaniel Brenner
	 	 	 	 /s/ Norman V. Coates

	 Nathaniel Brenner
	 	 	 	 Norman V. Coates

			
	 /s/ Kanegi Nagai
	 	 	 	 /s/ Clifford Smedley

	 Kanegi Nagai
	 	 	 	 Clifford Smedley

			
	  	 	 	 	 /s/ John D. Heaton

	 	 	 	 	 John D. HeatonAgreement between John D. Heaton and Nanometrics Incorporated

 EXHIBIT 10.10 
  
 AGREEMENT 
 BETWEEN 
 JOHN DAVIS HEATON 
 AND 
 NANOMETRICS INCORPORATED 
  
 This Agreement is made and entered into this 20 day of April 1998 by and between John Davis Heaton (“Mr. Heaton”), a California resident, and
Nanometrics Incorporated (the “Company”), a California corporation. 
  
 WHEREAS, Mr. Heaton, while remaining as a member of the Board of Directors, has been elected Chief Executive Officer of the Company and redesignated President of the Company effective April 18, 1998, and 

 
 WHEREAS, the Company wishes to allow Mr. Heaton to focus his attention
upon his new duties by providing him with a degree of financial security and income protection in the event of an involuntary termination for certain reasons. 
  

NOW, THEREFORE, the parties hereby agree as follows: 
  

	 	1.	This Agreement is intended solely to set out the parties’ understanding with respect to the involuntary separation of Mr. Heaton and is not intended to constitute a contract of
employment for any period of time. Mr. Heaton understands that he is, and following the execution of this Agreement, remains an at-will employee of the Company. 

  

	 	2.	In the event that Mr. Heaton is required or requested for any reason not involving good cause to involuntary relinquish his positions with the Company and its subsidiaries
including, but not limited to, Chief Executive Officer and President and as a Director of the Company, the Company agrees, as a separation payment, to pay to Mr. Heaton his usual annual salary with standard deductions, but no bonuses, on the
Company’s normal paydays for a period of one (1) year from date of separation provided Mr. Heaton executes a general release and promptly resigns from all positions as requested. If Mr. Heaton relinquishes his positions voluntarily or if his
separation involves good cause, he shall be due no separation payment. Mr. Heaton’s separation shall be for good cause only if he commits misconduct, unjustifiably neglects his duties, or acts in a way that has a direct, substantial and adverse
effect on Nanometrics or its reputation. 

  

	 	3.	This Agreement constitutes the entire agreement between the parties pertaining to the separation of Mr. Heaton from Nanometrics and is intended to apply to the exclusion of all
other remedies in the event of such separation. 

	 	4.	This Agreement shall be governed by and construed in accordance with the laws of the State of California. 

  

	 	5.	In the event of disagreement, the parties agree to attempt to work out their differences in good faith.. In the event the parties are unable to so work out their differences, any
controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and judgment upon the award
rendered by the arbitrator (s) may be entered in any court having jurisdiction thereof. The parties agree that such arbitration shall be held in Santa Clara County, California and that the Company shall reimburse Mr. Heaton’s reasonable costs
and attorneys’ fees. 

  
 Executed as of the date first above
written. 
  

			
	NANOMETRICS INCORPORATED
		
	By:	 	 /s/ Vincent J. Coates

	 	 	Vincent J. Coates
	 	 	Chairman
		
	By:	 	 /s/ John D. Heaton

	 	 	John D. HeatonAgreement between Roger Ingalls, Jr. and Nanometrics Incorporated

 Exhibit 10.11 
  
 [Nanometrics letterhead] 
  
 March 1, 1995 
  
 Mr. Roger Ingalls, Jr. 
  
 Dear Roger: 

 
 I am pleased to offer you the position of U. S. Product Manager for our NanoSpec 8000
Series of AFT Systems on a regular, full-time basis. 
  
 Your responsibilities
would be to spearhead the sale of this range of products, define and implement sales strategies, generate sales material, analyze and document customer requirements, support field sales and representatives, etc. In this position you would report to
me. 
  
 Your base annual salary would be $80,000 plus a $400/month car allowance.
In addition, you would receive a 0.2% commission on all 8000 Series sales. 
  
 I
hope this offer meets with your approval and that you will decide to join Nanometrics. We anticipate that your abilities and our needs are compatible. Should you have any questions concerning our offer, please feel free to call me so that I may make
the appropriate clarification. 
  
 This regular position offered to you is
available immediately. All exempt employees are reviewed before completion of their 90-day introductory period. This offer is conditional upon your execution of the Nanometrics patent agreement and satisfactory proof of your identity and
authorization to work in the U.S. Your continued employment is conditioned upon your maintaining authorization to work. 
  
 To indicate your acceptance of this offer, please sign this letter in the space provided, and return the signed copy to my attention as soon as possible. The original is
for your personnel file here at Nanometrics; the copy is for your own files. 
  

	
	 Sincerely,

	
	 /s/ Robert Buchanan

	 Robert Buchanan

	 Director, Marketing & U.S. Sales

  

 I understand that employment by Nanometrics is not for any fixed period of time and that I may resign any time for any
reason or Nanometrics may terminate my employment at any time for any reason in the absence of a specific written agreement to the contrary. 
  
 I accept this offer of employment, with Attachments # 1 & # 2. 
  

					
			
	 Roger Ingalls, Jr.
	 	 	 	 3/7/95

	 Signature
	 	 	 	 Date

  

 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]