Document:

Amended effective October 26, 2005

HOSPIRA, INC. NON-EMPLOYEE DIRECTORS’ FEE PLAN

SECTION 1

PURPOSE

Hospira, Inc. Non-Employee Directors’ Fee Plan (the
“Plan”) has been established by Hospira, Inc. (the “Company”), effective as of
April 30, 2004 (the “Effective Date”) to attract and retain as members of its
Board of Directors persons who are not employees of the Company or any of its
subsidiaries but whose business experience and judgment are a valuable asset to
the Company and its subsidiaries.  The
Plan provides for the payment to Directors of fees in the form of some or all
of the following: Annual Retainer Fees, Committee Chairman Fees, Meeting Fees
and Restricted Stock awards (generally, the “Director Fees”).

SECTION 2

DIRECTORS COVERED

As used in the Plan, the term “Director” means any
person who is elected to the Board of Directors of the Company as of the
Effective Date or at any time thereafter, and is not an employee of the Company
or any of its subsidiaries.

SECTION 3

FEES PAYABLE TO DIRECTORS

3.1           Annual Retainer Fee.  Each Director shall be entitled to an annual
retainer fee (the “Retainer Fee”) to be paid quarterly, on the last business
day of each calendar quarter for which the Director served in the capacity as a
Director (excluding, on a pro rata basis, the partial month in which he is
first elected a Director and any whole months in which he did not serve in such
capacity).  The amount of the Annual
Retainer Fee shall be as determined from time to time in the sole discretion of
the Board of Directors of the Company (the “Board”), with such amount initially
set at Fifty Thousand Dollars ($50,000.00) per year.

3.2           Committee Chairman Fee.  A Director who serves as Chairman of any
committee created by the Board shall be entitled to an additional annual
retainer fee (the “Committee Chairman Fee”) to be paid quarterly, on the last
business day of each calendar quarter for which the Director served in the
capacity as a committee chairman (excluding, on a pro rata basis, the partial
month in which he is first selected to be the committee chairman and any whole
months in which he did not serve in such capacity).  The amount of the Committee Chairman Fee
shall be as determined from time to time in the sole discretion of the Board,
with such amount initially set at Five Thousand Dollars ($5,000.00) per year.

3.3           Meeting Fees.  A Director who attends a meeting of the Board
or any committee thereof  shall be
entitled to an additional fee (the “Meeting Fee”) to be paid on the last
business day of each calendar quarter in which the meeting was held.  The amount of the Meeting Fee shall be as
determined from time to time in the sole discretion of the Board, with such
amount initially set at One Thousand Dollars ($1,000.00) for each Board or
Committee Meeting attended in person and Five Hundred Dollars ($500.00) for
each meeting attended other than in person, in 

 

 

a manner acceptable to the Board.  In the event there is held one or more
committee or Board meetings on the same date, there will be a Meeting Fee paid
for each such meeting for that date.

3.4           Chairman of the Board.  As of the Effective Date, the non-employee
Director serving as the Company’s Chairman of the Board shall be granted a
one-time initial option to purchase such number of shares and under such terms
and conditions as shall be determined by the Board at the time of grant.

SECTION 4

RESTRICTED STOCK

4.1           Annual Restricted Stock Award.  As of January 1, 2006, each Director, who is
elected a Non-Employee Director at the annual shareholders meeting (or who
retains such position if they were not subject to election at such meeting),
shall be granted shares of Company’s Common Stock, par value $0.01 per share
(the “Stock”), with such stock subject to certain restrictions set forth below
(the “Restricted Stock”).  The Restricted
Stock shall be granted automatically to the Director on the last business day
of the calendar quarter in which the annual shareholder meeting occurs.  If more than one shareholder meeting occurs
in a given calendar year, only a single Restricted Stock award shall be granted
for such year and such award shall be granted as of the last business day of
the calendar quarter in which such first shareholder meeting occurs.  The number of shares covered by the
Restricted Stock award shall be equal to that number of shares whose aggregate
value (based on the Fair Market Value of a share of Stock on the date of grant)
equals One Hundred Thousand Dollars ($100,000.00), rounded down to the next
whole share. Each Non-Employee Director as of October 26, 2005 is automatically
granted a Restricted Stock award equal to that number of shares whose aggregate
value (based on the Fair Market Value of a share of Stock on October 26, 2005)
equals Fifty Thousand Dollars ($50,000.00), rounded down to the next whole
share.  Notwithstanding anything
contained in this Section 4.1 to the contrary, a Non-Employee Director, who is
elected between any annual shareholders meetings, shall automatically be
granted Restricted Stock on the last business day of the calendar quarter in
which such Director is elected; provided, however, that the number of shares of
the Restricted Stock granted to such Director shall be equal to that number of
shares (rounded to the next whole share) whose aggregate value (based on the Fair
Market Value of a share of Stock on the date of grant) equals One Hundred
Thousand Dollars ($100,00.00), multiplied by the fraction of A over 12, with
“A”  being the number of whole calendar
months between the first day of the month coinciding with or immediately
following such Director’s election and first day of the month during which the
next annual shareholders meeting is scheduled to occur.  The term “Fair Market Value” shall be as
defined in the 2004 Plan (as defined in Section 6.6 below).

4.2           Issuance of Certificates.  Each certificate issued in respect of the
Restricted Stock Award shall be registered in the name of the Director and
shall be deposited in a bank designated by the Company or retained by the
Company.  The certification of shares is
conditioned upon the Director endorsing in blank a stock power for the covered
shares.  During the Restricted Period,
all certificates evidencing the Restricted Stock will be imprinted with the
following legend: “The securities evidenced by this certificate are subject to
the transfer restrictions, forfeiture restrictions and other provisions of the
Restricted Stock Agreement dated                

2

 

between Hospira, Inc. and [insert Director name].” 
Upon lapse of the Restriction Period, the Director shall be entitled to
have the legend removed from certificates representing the shares.

4.3           Rights.  Upon issuance of the certificates, the
Directors in whose names they are registered shall, subject to the restrictions
of this Section 4, have all of the rights of a shareholder with respect to the
shares represented by the certificate, including the right to vote such shares
and to receive cash dividends and other distributions thereon.

4.4           Forfeiture Period.  All Restricted Stock granted under this
Section 4 shall be subject to forfeiture pursuant to Section 4.5 for a period
(the “Forfeiture Period”) commencing with the date of the award and ending on
the earliest of the following events:

(i)                                     The one-year anniversary of the date of
grant of Restricted Stock

(ii)                                  The first regularly scheduled annual
shareholders meeting following the date of grant;

(iii)                               The date of the Director’s death or
disability; or

(iv)                              The date of a Change in Control (as
defined in Section 5 of the 2004 Plan).

4.5           Forfeiture.  In the event that the Director’s date of
termination occurs during the Forfeiture Period, the Director shall forfeit any
and all rights and interests with respect to such unvested Restricted Stock (or
Restricted Stock Units, if a Deferral Election, under Section 10 below, is
applicable) and the Company shall have the right to cancel any such
certificates evidencing such Restricted Stock.

4.6           Restrictions on Sale.  All Restricted Stock granted under this
Section 4 shall be subject to the following restrictions on sale beginning on
the date of grant and continuing for all periods while the Director is actively
serving as a Director of the Company (the “Restricted Period”):

(i)                                     The shares may not be sold, assigned,
transferred, pledged, hypothecated or otherwise disposed of.

(ii)                                  Any additional common shares of the
Company issued with respect to shares covered by Awards granted under this
Section 4 as a result of any stock dividend, stock split or reorganization,
shall be subject to the restrictions and other provisions of this Section 4.

(iii)                               A Director shall not be entitled to
receive any shares prior to completion of all actions deemed appropriate by the
Company to comply with federal or state securities laws and stock exchange
requirements.

3

 

SECTION 5

CHANGE IN CONTROL

In the event of a Change in Control, (i) all
Restricted Stock awards shall become fully vested and shall no longer be
subject to the restrictions set forth in Section 4 of this Plan, and (ii) all
Deferred Fees shall be paid to the Director pursuant to such Director’s
Deferral Election.

SECTION
6

OPERATION AND ADMINISTRATION

6.1                                 Administration.

(i)                                     The Plan and all benefits pursuant hereto
shall be administered by the full Board.

(ii)                                  The Board shall have the authority and
discretion to interpret and administer the Plan, to establish, amend and
rescind any rules and regulations relating to the Plan and to determine the
terms and provisions of any award agreement made pursuant to the Plan.  All questions of interpretation with respect
to the Plan, the benefits established herein, the number of shares of Stock, or
other security, or rights granted and the terms of any agreements evidencing
any of the Director Fees (the “Award Agreements”), including the timing,
pricing, and amounts of Awards, shall be determined by the Board, and its
determination shall be final and conclusive upon all parties in interest.  In the event of any conflict between an Award
Agreement and this Plan, the terms of this Plan shall govern.

(iii)                               Except to the extent prohibited by applicable law or
the applicable rules of a stock exchange, the Board may delegate to the
officers or employees of the Company and its subsidiaries the authority to execute
and deliver such instruments and documents, to do all such acts and things, and
to take all such other steps deemed necessary, advisable or convenient for the
effective administration of the Plan in accordance with its terms and purpose,
except that the Board may not delegate any discretionary authority with respect
to substantive decisions or functions regarding the Plan or benefits and awards
thereunder, including, but not limited to, decisions regarding the timing,
eligibility, pricing, amount or other material terms of such benefits or
awards. Any such delegation may be revoked by the Board at any time.

(iv)                              To the extent that the Board determines
that the restrictions imposed by the Plan preclude the achievement of the
material purposes of the benefit provided herein in jurisdictions outside the
United States, if applicable, the Board will have the authority and discretion
to modify those restrictions as the Board determines to be necessary or
appropriate to conform to applicable requirements or practices of jurisdictions
outside of the United States.

4

 

6.2                                 Limits of Liability.

(i)                                     Any liability of the Company or a
subsidiary to any Director with respect to an Award shall be based solely upon
contractual obligations created by the Plan and the applicable Award Agreement.

(ii)                                  Neither the Company nor a subsidiary, nor
any member of the Board or any other person participating in any determination
of any question under the Plan, or in the interpretation, administration or
application of the Plan, shall have any liability to any party for any action
taken or not taken in good faith under the Plan except as may be expressly
provided by statute.

6.3                                 Rights of Director. 
Nothing contained in this Plan or in any Award Agreement (or in any
other documents related to this Plan or to any award or Award Agreement) shall
confer upon any Director any right to continue in the service of the Company or
a subsidiary, constitute any contract or limit in any way the right of the
Company or a subsidiary to change such person’s compensation or other benefits
or to terminate the service of such person with or without cause or confer any
right on the part of such person to be nominated for reelection to the Board,
to be reelected to the Board or to be appointed to any committee of the Board.

6.4                                 Form and Time of Elections. 
Any election required or permitted shall be in writing, and shall be
deemed to be filed when timely delivered to the Secretary of the Company.

6.5                                 Action by Company. 
Any action required or permitted to be taken by the Company shall be by
resolution of the Board, or by action of one or more members of the Board
(including a committee of the Board) who are duly authorized to act for the
Board or (except to the extent prohibited by the provisions of Rule 16b-3,
applicable local law, the applicable rules of any stock exchange, or any other
applicable rules) by a duly authorized officer of the Company.

6.6                                 Hospira, Inc. 2004 Long-Term Stock
Incentive Plan.  Any shares of Stock awarded to, or subject to
Awards granted to Directors under this Plan as Director Fees shall be issued
pursuant to the Hospira, Inc. 2004 Long-Term Stock Incentive Plan (the “2004
Plan”), subject to all of the terms and conditions herein.  Except in the event of conflict, all
provisions of the 2004 Plan shall apply to this Plan.  In the event of any conflict between the
provisions of the 2004 Plan and this Plan, this Plan shall control, provided
that the Director Fees granted provided may not exceed the share limitations
set forth in the 2004 Plan.

SECTION 7

MISCELLANEOUS

7.1                                 Beneficiaries. 
Each Director or former Director entitled to payment of Director Fees
hereunder, from time to time may name any person or persons (who may be named
contingently or successively) to whom any Director Fees earned by him and
payable to him are to be paid in case of his death before he receives any or
all of such Director Fees.  Each
designation will revoke all prior designations by the same Director or former
Director, shall be in form prescribed by the Company, and will be effective
only when filed by the Director or former Director in writing with the
Secretary of the Company during his lifetime. If a deceased Director 

 

5

 

or former Director shall have failed to name a
beneficiary in the manner provided above, or if the beneficiary named by a
Director or former Director dies before him or before payment of all the
Director’s or former Director’s Director Fees, the Company, in its discretion,
may direct payment in a single sum of any remaining Director Fees to either:

(i)                                     any one or more or all of the next of kin
(including the surviving spouse) of the Director or former Director, and in
such proportions as the Company determines; or

(ii)                                  the legal representative or
representatives of the estate of the last to die of the Director or former
Director and his last surviving beneficiary.

The person or persons to whom any deceased Director’s
or former Director’s Director Fees are payable under this section will be
referred to as his “beneficiary.”

7.2                                 Alienation of Rights. 
Payment of Director Fees will be made only to the person entitled
thereto in accordance with the terms of the Plan, and Director Fees are not in
any way subject to the debts or other obligations of persons entitled thereto,
and may not be voluntarily or involuntarily sold, transferred or assigned.

7.3                                 Facility of Payment. 
When a person entitled to a payment under the Plan is under legal
disability or, in the Company’s opinion, is in any way incapacitated so as to
be unable to manage his financial affairs, the Company may direct that payment
be made to such person’s legal representative, or to a relative or friend of
such person for his benefit, and with respect to the Director’s Stock Unit
Account (defined in Section 9 below), if any, any distribution shall be
pursuant to the Director’s beneficiary designation form, as may be on file with
the Company. Any payment made in accordance with the preceding sentence shall
be in complete discharge of the Company’s obligation to make such payment under
the Plan.

7.4                                 Unfunded Plan. 
Any obligation to pay cash or Deferred Fees under this Plan shall
constitute an unfunded unsecured obligation of the Company.  The Company may, but shall not be obligated
to, establish a trust to hold assets for the purpose of satisfying obligations
under this Plan.

7.5                                 Adjustment
Provisions.  In the event of a corporate transaction
involving the Company (including, without limitation, any stock dividend, stock
split, extraordinary cash dividend, recapitalization, reorganization, merger,
consolidation, split-up, spin-off, combination or exchange of shares), in
addition to any adjustments made pursuant to Section 3.4 of the 2004 Plan, the
Board may adjust the Director Fees (including Deferred Fees) to preserve the
benefits or potential benefits of participation in the Plan.

7.6                                 Gender and Number.  Where the context admits, words in any gender
shall include any other gender, words in the singular shall include the plural
and the plural shall include the singular.

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SECTION 8

AMENDMENT AND DISCONTINUANCE

The Board may, at any time, amend or terminate the
Plan, and may amend any Award Agreement, provided that no amendment or
termination may, in the absence of written consent to the change by the
affected Director (or, if the Director is not then living, the affected
beneficiary), adversely affect the rights of any Director or beneficiary under
any Award granted under the Plan prior to the date such amendment is adopted by
the Board; and further provided, that adjustments pursuant to Section 9.4 shall
not be subject to the foregoing limitations of this Section 8.  Any amendment or discontinuance of the Plan
shall be prospective in operation only, and shall not affect the payment of any
Director Fees theretofore earned by any Director, or the conditions under which
any such fees are to be paid or forfeited under the Plan, unless the Director
affected shall expressly consent thereto.

SECTION 9

ELECTIVE DEFERRALS

9.1                                 DEFERRAL
ELECTION

(i)                                     General. 
A Director who would otherwise be entitled to receive Director Fees in
the form of shares of Stock or a cash payment under the terms of the Plan may
instead elect to defer delivery of all or a portion of such fees, subject to
the following terms of this Section 9 (once deferred, the “Deferred Fees”).

(ii)                                  Deferral
Election.  An election to defer the Director Fees shall be made on
an election form as provided by the Board (the “Deferral Election”).  Any Deferral Election shall be irrevocable as
of the first day of the year for which it is to be effective.  Deferral Elections shall remain in effect
with respect to any future year unless a new election with respect to such year
is filed in accordance with rules established by the Board prior to the first
day of the year for which it is to be effective.  Notwithstanding the foregoing, if the
election is being made with respect to the Director first becoming a member of
the Board, an election submitted within 30 days of becoming a Director shall be
effective for all fees paid following the date on which the election is
received by the Company.  A director may
elect to convert a Restricted Stock award into a Restricted Stock Unit award by
submitting a Deferral Election prior to the first day of the calendar year in
which the Forfeiture Period applicable to the Restricted Stock lapses.

The
Deferral Election form shall provide for the types and amounts of the Director
Fees to be deferred and shall provide for the timing and method of distribution
at the end of the deferral period.

(iii)                               Conversion of Cash or Restricted Stock to
Stock Units.  Deferred Fees shall be credited to a Stock
Unit Account (as defined below) under this Section 9 as follows:

(a)                                  Cash-based Deferred Fees shall be
converted to Stock Units by dividing the cash-based fees the Director elected
to defer by the Fair Market 

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Value of the Stock as of
the date the Director would have had a right to payment of such Director Fees
had the Director not made a Deferral Election.

(b)                                 Stock-based Deferred Fees shall be
converted to that number of Stock Units equal to that number of shares of
Restricted Stock the Director elected to defer.

9.2                                 ACCOUNTS

(i)                                     Stock Unit
Account.  A “Stock Unit Account” shall be maintained on
behalf of each Director who elects to defer all or a portion of his Director
Fees under this Section 9, for the period during which delivery of such fees is
deferred. A Director’s Stock Unit Account shall be subject to the following
adjustments:

(a)                                  The Stock Unit Account will be credited
with Stock Units as of the date on which the Director would have been entitled
to payment of the cash-based fees or the date on which the Director would have
been granted the Restricted Stock award, both as if the Director had not made a
Deferral Election with respect to such fees.

(b)                                 As of each dividend payment date for the
Stock, the Director’s Stock Unit Account shall be credited with additional
Stock Units (including fractional Stock Units) equal to (i) the amount of the
dividend that would be payable with respect to the number of shares of Stock
equal to the number of Stock Units credited to the Director’s Stock Unit Account
on the dividend record date, divided by
(ii) the Fair Market Value of a share of Stock on the dividend payment date.

(c)                                  As of the date of any distribution with
respect to a Director’s Stock Unit Account under Section 9.3, the Stock Units
credited to a Director’s Stock Unit Account shall be reduced by the amounts
distributed to the Director.

(ii)                                  Statement of
Accounts.  As soon as practicable after the end of each
Plan Year, the Company shall provide each Director having an Stock Unit Account
under the Plan with a statement of the transactions in his Stock Unit Account
during that year and his account balance as of the end of the year.

9.3                                 DISTRIBUTIONS

(i)                                     General.  Subject to
the terms of this Section 9.3, a Director shall specify, as part of his Deferral
Election with respect to Deferred Fees, the time and manner of the distribution
of the amounts deferred pursuant to such election.  In the event that no election is made with
respect to the timing or method of distribution as of the date of the Director’s
termination, the Director’s entire Stock Unit Account shall be distributed in a
single lump sum stock payment as of the first anniversary of the Director’s
date of termination.

8

 

(ii)                                  If a scheduled distribution date would
otherwise occur after a dividend record date but before the payment of the
dividend, the distribution may, in the discretion of the Board, be deferred
(but not more than 30 days) until the dividend payment date.

(iii)                               In determining a Director’s right to
distributions under this Section 9.3, the vesting provisions of Section 4 of
the Plan shall apply to the Stock Units credited to the Director’s Stock Unit
Account as though each unit represented one share of Stock, and with all units attributable
to payment of dividends being fully vested as of the date they are credited to
the Director’s Stock Unit Account.

9.4                                 Termination of Deferral by Company. 
The Board shall retain the right to terminate, at any time, for any
reason, or no reason, the deferral provisions under this Section 9 (which may,
but need not, be in conjunction with a termination of the Plan), and shall
immediately distribute all, but not less than all, of the Stock Unit Accounts
as of the date of such termination.

9Exhibit 10.11

 

First Amendment

To

EMPLOYMENT AGREEMENT

 

This First Amendment to
the Employment Agreement (“Amendment”) is entered into between Intellisync
Corporation (formerly known as Pumatech, Inc.) (“Intellisync.) and Woodson
Hobbs (“Hobbs”), and amends the Employment Agreement by and between Intellisync
and Hobbs dated June 14, 2002 (the “Agreement”).  The Effective Date of this Amendment is
August 24, 2005 (“Amendment Effective Date”).

 

In consideration of the
promises and the mutual covenants hereinafter contained and other good and
valuable consideration, the sufficiency of which is hereby acknowledged, the
parties agree as follows:

 

1.             The parties agree to delete the definition of “Severance
Period” as described in the Agreement, and replace it with the following
modified definition:

 

“’Severance
Period’ means the six month period following an Involuntary
Termination,  termination for death or
Disability, as well as termination during the Change of Control Period.”

 

2.             Hobbs
agrees that prior to receiving the Severance Benefits described in Section 6 of
the Agreement, as well as the increased severance payments to cover Hobbs’
Excise Tax as described in Section 18 of the Agreement, that he will first sign
a comprehensive release of claims in favor of the Company or the Company’s
successor, substantially in the form attached hereto as Schedule 1.

 

3.             Except as amended hereby, the remaining
terms and conditions of the Agreement will remain unmodified and in full force
and effect in accordance with its terms.

 

4.             Capitalized terms used in this Amendment
and not defined herein shall have the meanings given to them or referenced in
the Agreement.

 

5.             This Amendment may be executed in any
number of counterparts, each of which shall be an original, but all of which
together shall constitute one instrument. 
This Amendment may be duly executed and delivered by a party by
execution and facsimile delivery of the signature page of a counterpart to the
other party, provided that, if delivery is made by facsimile, the executing
party shall promptly deliver a complete counterpart that it has executed to the
other party.

 

 

IN WITNESS WHEREOF,
Intellisync and Hobbs have caused this Amendment to be executed, effective as
of the date first set forth above.

 

	
  INTELLISYNC CORPORATION

  	
  Woodson Hobbs, an individual

  
	
   

  	
   

  
	
  By:

  	
          s/
  KEITH KITCHEN

  	
   

  	
  By:

  	
       /s/ WOODSON HOBBS

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
         Keith
  Kitchen

  	
   

  	
  Name:

  	
      Woodson Hobbs

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
    CAO

  	
   

  	
  Date:

  	
      10/11/05

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
       October 11, 2005

  	
   

  	
   

  	
   

  	
   

  
										

 

 

SCHEDULE
1

 

Release
Agreement 

 

This Release Agreement (the “Agreement”), dated as of             ,  is entered into by and between Woodson Hobbs
(“Executive”) and Intellisync Corporation (the “Company”).

 

Whereas, Executive and the Company entered into that
certain Employment Agreement, as amended, dated June 14, 2002 (the “Employment
Agreement”);

 

Whereas, pursuant to the Employment Agreement,
Executive is entitled to certain salary and benefits continuation payments if
his employment is terminated other than for “Cause” (as defined in the
Employment Agreement) and he first provides a comprehensive release of claims
to the Company;

 

Whereas, Executive and
the Company desire to implement the salary and benefits continuation payments
contemplated by the Employment Agreement by entering into this Agreement;

 

THEREFORE, for good and
valid consideration the sufficiency of which Executive and the Company hereby
acknowledge, Executive and the Company hereby agree as follows:

 

1.     Executive
hereby releases the Company and its shareholders, officers, directors,
employees, and legal successors (collectively, the “Releasees”), from any and
all claims, liabilities, demands and causes of action, whether known or
unknown, which Executive has, may have or claim to have against any of the
Releasees as of the date Executive executes this Agreement, including but not
limited to all claims, liabilities, demands and causes of action which relate
to or arise out of Executive’s employment with the Company or the termination
of Executive’s employment with the Company.

 

2.     Executive
hereby agrees not to file any lawsuit or other action to assert such claims,
which include, but are not limited to, any claims of wrongful termination,
breach of contract, fraud, infliction or emotional distress or any claims of
age, race, sex, disability, national origin or other discrimination or
harassment under federal, state or local laws prohibiting such discrimination
or harassment.

 

2.     Executive
has read Section 1542 of the Civil Code of the State of California, which
states in its entirety:

 

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.

 

Executive hereby waives
any right or benefit he has under Section 1542 or any similar law of any other
jurisdiction, including New Hampshire, to the full extent that he may lawfully
waive such rights with respect to his release of claims.  Executive acknowledges that he is releasing
all known and unknown claims by signing this document.

 

3.     Executive
specifically agrees that this Agreement releases any claims he might under the
Age Discrimination in Employment Act (“ADEA”), and that he specifically agrees
not to file any lawsuit or other action to assert such a claim.

 

4.     Executive
has carefully read and fully understands this Agreement and the release
contained herein and has not relied on any statement, written or oral, which is
not set forth in this document.

 

 

5.     Executive
will be provided up to 21 days from the date this Agreement is presented to him
to accept the terms of this Agreement, although he may accept it at any time
within those 21 days.  Executive is
advised, if he wishes, to consult with an attorney regarding this
Agreement.  The Company agrees that
Executive’s ADEA release of claims does not apply to any rights or claims that
may arise under the ADEA after the Effective Date (as hereinafter defined) of
this Agreement.

 

6.     Executive
may accept this Agreement by dating and signing it and returning it to the
attention of the Chief Financial Officer at Company.  Once Executive does so, he will still have an
additional 7 days in which to revoke his acceptance by sending to Company, to
the attention of the Chief Executive Officer, 
via fax at (408) 321-3893, and also by first class mail, a written
statement of revocation.  If Executive
does not revoke, the eighth day after the date of his acceptance will be the “Effective
Date” of this Agreement.

 

 

	
  Date: 

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Woodson Hobbs

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date: 

  	
   

  	
   

  	
   

  	
  INTELLISYNC CORPORATION

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