Document:

exv10w34xdy

 

Exhibit 10.34(d)

GameTech International, Inc.

1997 Incentive Stock Plan

Stock Unit Award Agreement

     Unless otherwise defined herein, the terms defined in the 1997 Incentive Stock Plan (the
“Plan”) shall have the same defined meanings in this Stock Unit Award Agreement (this “Agreement”).

I. NOTICE OF STOCK UNIT GRANT

	 	 	 	 
	 	Name:
	 	 
	 	 

	 	 
	 	 
	 	 
	 	Address:
	 	 
	 	 

	 	 

     The undersigned Participant has been granted Stock Units which may entitle Participant to
receive Common Stock of the Company, subject to the terms and conditions of the Plan and this
Agreement, as follows:

	 	 	 	 
	 	Date of Grant:
	 	 
	 	 

	 	 
	 	 
	 	 
	 	Vesting Commencement Date:
	 	 
	 	 

	 	 
	 	 
	 	 
	 	Total Number of Shares Granted:
	 	 
	 	 

	 	 
	 	 
	 	 
	 	Expiration Date: As provided in Section 3(b) of this Agreement.
	 	 
	 	 
	 	Vesting Schedule: The Stock Units shall be vested in accordance with the
following vesting schedule:
	 	 
	 	 
	 	25% of the Stock Units shall vest on the each of the first four
anniversaries of the Vesting Commencement Date so that all of the Stock
Units are vested on the fourth anniversary of the Vesting Commencement
Date, subject to Participant’s Continuous Service on such dates. In
addition, the Stock Units shall be subject to vesting acceleration in the
event of certain terminations of employment in connection with a Change
in Control pursuant to Section 3(c) of the Agreement.

	 	 
	 	 
	 	Delivery Schedule:
	 	 
	 	 
	 	 
	 	The Shares to be delivered upon the vesting of the Stock Units shall be delivered
within sixty (60) days after the date of vesting of the Stock Units.

 

 

II. AGREEMENT

     The Plan Administrator hereby grants to the person (the “Participant”) named in the Notice of
Grant of Stock Unit Award (the “Notice of Grant”) a Stock Unit Award (the “Award”) pursuant to the
provisions of the Company’s 1997 Incentive Stock Plan (the “Plan”). The Award will entitle
Participant to receive Shares from the Company, if Participant meets the vesting requirements
described herein. Therefore, pursuant to the terms of the attached Notice of Grant and this Stock
Unit Award Agreement (the “Agreement”), the Company grants Participant the number of Stock Units
listed in the Notice of Grant.

     The details of the Award are as follows:

     1. Grant Pursuant to Plan. This Award is granted pursuant to the Plan, which is
incorporated herein for all purposes. The Participant hereby acknowledges receipt of a copy of the
Plan and agrees to be bound by all of the terms and conditions of this Agreement and of the Plan.
All capitalized terms in this Agreement shall have the meaning assigned to them in this Agreement,
or, if such term is not defined in this Agreement, such term shall have the meaning assigned to it
under the Plan.

     2. Stock Unit Award. The Company hereby grants to the Participant the Stock Units
listed in the Notice of Grant as of the grant date specified in the Notice of Grant (the “Grant
Date”). Such number of Stock Units may be adjusted from time to time pursuant to Section 10(c) of
the Plan.

     3. Vesting and Forfeiture of Stock Units.

          (a) Vesting. The Participant shall become vested in the Stock Units in accordance
with the vesting schedule in the Notice of Grant.

          (b) Forfeiture. The Participant shall forfeit any unvested Stock Units, if any, in
the event that the Participant’s Continuous Service is terminated for any reason, except as
otherwise determined by the Plan Administrator in its sole discretion, which determination need not
be uniform as to all Participants. Upon forfeiture, Participant shall not be entitled to receive
any Shares pursuant to the unvested Stock Units.

          (c) Vesting Acceleration. If, within the period of time beginning two (2) months
prior and ending twelve (12) months after the consummation of a Change in Control transaction,
Participant’s employment with the Company terminates either as a result of (i) an involuntary
termination by the Company other than for Cause (as defined in the Plan) or (ii) a voluntary
termination by Participant for Good Reason (as defined in the Plan), then all of the Stock Units
subject to this Award shall vest.

     4. Settlement of Stock Unit Award.

          (a) Settlement of Units for Stock. Whereas Section 6(e) of the Plan permits the
Company to deliver either cash, Stock or a combination of Stock and cash in settlement of a Stock
Unit Award and the Company has determined that this Award shall be settled solely in Stock.
Therefore, the Company shall deliver to the Participant one share of Stock for each

- 2 -

 

vested Stock Unit subject of this Award on the appropriate Delivery Date (as defined in
Section 4(b)). The Company shall not have any obligation to settle this Award for cash.

          (b) Delivery of Stock. Shares shall be delivered on the delivery date(s) (each a
“Delivery Date”) specified in the Notice of Grant. Once a Share is delivered with respect to a
vested Stock Unit, such vested Stock Unit shall terminate and the Company shall have no further
obligation to deliver Shares, cash or any other property for such vested Stock Unit.

     5. No Rights as Shareholder until Delivery. The Participant shall not have any
rights, benefits or entitlements with respect to any Stock subject to this Agreement unless and
until the Stock has been delivered to the Participant. On or after delivery of the Stock, the
Participant shall have, with respect to the Stock delivered, all of the rights of an equity
interest holder of the Company, including the right to vote the Stock and the right to receive all
dividends, if any, as may be declared on the Stock from time to time.

     6. Tax Provisions.

          (a) Tax Consequences. Participant has reviewed with Participant’s own tax advisors
the federal, state, local and foreign tax consequences of this investment and the transactions
contemplated by this Agreement. Participant is relying solely on such advisors and not on any
statements or representations of the Company or any of its agents. Participant understands that
Participant (and not the Company) shall be responsible for any tax liability that may arise as a
result of the transactions contemplated by this Agreement.

          (b) Withholding Obligations. At the time the Award is granted, or at any time
thereafter as requested by the Company, Participant hereby authorizes withholding from payroll and
any other amounts payable to Participant, including Shares deliverable pursuant to this Award, and
otherwise agrees to make adequate provision for, any sums required to satisfy the minimum federal,
state, local and foreign tax withholding obligations of the Company or a Related Entity, if any,
which arise in connection with the Award.

     The Company, in its sole discretion, and in compliance with any applicable legal conditions or
restrictions, may withhold from fully vested Shares otherwise deliverable to Participant upon the
vesting of the Award a number of whole Shares having a Fair Market Value, as determined by the
Company as of the date the Participant recognizes income with respect to those Shares, not in
excess of the amount of minimum tax required to be withheld by law (or such lower amount as may be
necessary to avoid adverse financial accounting treatment). Any adverse consequences to
Participant arising in connection with such Stock withholding procedure shall be the Participant’s
sole responsibility.

     In addition, the Company, in its sole discretion, may establish a procedure whereby the
Participant may make an irrevocable election to direct a broker (determined by the Company) to sell
sufficient Shares from the Award to cover the tax withholding obligations of the Company or any
Related Entity and deliver such proceeds to the Company.

     Unless the tax withholding obligations of the Company or any Related Entity are satisfied, the
Company shall have no obligation to issue a certificate for such Shares.

- 3 -

 

     7. Consideration. With respect to the value of the Shares to be delivered pursuant to
the Award, such Shares are granted in consideration for the services Participant shall provide to
the Company during the vesting period.

     8. Transferability. The Stock Units granted under this Agreement are not transferable
otherwise than by will or under the applicable laws of descent and distribution. In addition, the
Stock Units shall not be assigned, negotiated, pledged or hypothecated in any way (whether by
operation of law or otherwise), and the Stock Units shall not be subject to execution, attachment
or similar process.

     9. General Provisions.

          (a) Employment At Will. Nothing in this Agreement or in the Plan shall confer upon
Participant any right to continue in the service of the Company or its Related Entities for any
period of specific duration or interfere with or otherwise restrict in any way the rights of the
Company (or any Related Entity employing or retaining Participant) or of Participant, which rights
are hereby expressly reserved by each, to terminate Participant’s service at any time for any
reason, with or without cause.

          (b) Notices. Any notice required to be given under this Agreement shall be in writing
and shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, registered
or certified, postage prepaid and properly addressed to the party entitled to such notice at the
address indicated below such party’s signature line on this Agreement or at such other address as
such party may designate by ten (10) days’ advance written notice under this paragraph to all other
parties to this Agreement.

          (c) No Limit on Other Compensation Arrangements. Nothing contained in this Agreement
shall preclude the Company from adopting or continuing in effect other or additional compensation
arrangements, and those arrangements may be either generally applicable or applicable only in
specific cases.

          (d) Severability. If any provision of this Agreement is or becomes or is deemed to be
invalid, illegal, or unenforceable in any jurisdiction or would disqualify this Agreement or the
Award under any applicable law, that provision shall be construed or deemed amended to conform to
applicable law (or if that provision cannot be so construed or deemed amended without materially
altering the purpose or intent of this Agreement and the Award, that provision shall be stricken as
to that jurisdiction and the remainder of this Agreement and the Award shall remain in full force
and effect).

          (e) No Trust or Fund Created. Neither this Agreement nor the grant of the Award shall
create or be construed to create a trust or separate fund of any kind or a fiduciary relationship
between the Company and the Participant or any other person. The Stock Units subject to this
Agreement represent only the Company’s unfunded and unsecured promise to issue Stock to the
Participant in the future. To the extent that the Participant or any other person acquires a right
to receive payments from the Company pursuant to this Agreement, that right shall be no greater
than the right of any unsecured general creditor of the Company.

- 4 -

 

          (f) Cancellation of Award. If any Stock Units subject to this Agreement are
forfeited, then from and after such time, the Participant (and any other person from whom such
Stock Units are forfeited) shall no longer have any rights to such Stock Units or the corresponding
Shares. Such Stock Units shall be deemed forfeited in accordance with the applicable provisions
hereof.

          (g) Participant Undertaking. Participant hereby agrees to take whatever additional
action and execute whatever additional documents the Company may deem necessary or advisable in
order to carry out or effect one or more of the obligations or restrictions imposed on either
Participant or the Shares deliverable pursuant to the provisions of this Agreement.

          (h) Amendment, Modification, and Entire Agreement. No provision of this Agreement may
be modified, waived or discharged unless that waiver, modification or discharge is agreed to in
writing and signed by the Participant and the Plan Administrator. This Agreement constitutes the
entire contract between the parties hereto with regard to the subject matter hereof. This
Agreement is made pursuant to the provisions of the Plan and shall in all respects be construed in
conformity with the terms of the Plan. In the event of a conflict between the Plan and this
Agreement, the terms of the Plan shall govern. Participant further acknowledges that as of the
Grant Date, this Agreement and the Plan set forth the entire understanding between Participant and
the Company regarding the acquisition of Stock pursuant to this Award and supersede all prior oral
and written agreements on that subject with the exception of awards from the Company previously
granted and delivered to Participant. No agreements or representations, oral or otherwise, express
or implied, with respect to the subject matter hereof have been made by either party which are not
set forth expressly in this Agreement.

          (i) Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Nevada without regard to the conflict-of-laws rules thereof or of
any other jurisdiction.

          (j) Interpretation. The Participant accepts this Award subject to all the terms and
provisions of this Agreement and the terms and conditions of the Plan. The undersigned Participant
hereby accepts as binding, conclusive and final all decisions or interpretations of the Plan
Administrator upon any questions arising under this Agreement.

          (k) Successors and Assigns. The provisions of this Agreement shall inure to the
benefit of, and be binding upon, the Company and its successors and assigns and upon Participant,
Participant’s assigns and the legal representatives, heirs and legatees of Participant’s estate,
whether or not any such person shall have become a party to this Agreement and have agreed in
writing to join herein and be bound by the terms hereof. The Company may assign its rights and
obligations under this Agreement, including, but not limited to, the forfeiture provision of
Section 3(b) to any person or entity selected by the Board.

          (l) Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed to be an original, but all of which together shall constitute one and the same
instrument.

- 5 -

 

          (m) Headings. Headings are given to the Paragraphs and Subparagraphs of this
Agreement solely as a convenience to facilitate reference. The headings shall not be deemed in any
way material or relevant to the construction or interpretation of this Agreement or any provision
thereof.

     10. Representations. Participant acknowledges and agrees that Participant has
reviewed the Agreement in its entirety, has had an opportunity to obtain the advice of counsel
prior to executing and accepting the Award and fully understands all provisions of the Award.

[The remainder of this page has been intentionally left blank.]

- 6 -

 

     IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first
indicated above.

	 	 	 	 	 
	 	 	GAMETECH INTERNATIONAL, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

	 	 	 	 	 
	 

	 	PARTICIPANT	 	 
	 
	 	 	 	 
	 

	 	 
	 
	 
	 	 	 	 
	 

	 	Address:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 

Signature
Page to Stock Award Agreementexv10w23

 

EXHIBIT 10.23

CHANGE OF CONTROL SEVERANCE AGREEMENT

     CHANGE OF CONTROL SEVERANCE AGREEMENT (this “Agreement”), by and between SYNAPTICS
INCORPORATED, a Delaware corporation (the “Company”), and Tom Tiernan (“Executive”) is
entered into as of the 3rd day of April 2006.

RECITALS

     A. The Company is engaged primarily in the business of the development and supply of
custom-designed user interface solutions that enable people to interact more easily and intuitively
with a wide variety of mobile computing and communications devices (collectively, the “Business”).

     B. Executive currently serves as a Senior Vice President of the
Company.

     C. The Board of Directors of the Company (the “Board”) has determined that it is in the best
interests of the Company and its stockholders to assure that the Company will have the continued
dedication of Executive despite the possibility, threat, or occurrence of a Change of Control (as
defined below) of the Company.

     D. The Board believes it is imperative to diminish the inevitable distraction of Executive by
virtue of the personal uncertainties and risks created by a pending or threatened Change of
Control, to encourage Executive’s full attention and dedication to the Company currently and in the
event of any threatened or pending Change of Control, and to provide the Executive with
compensation arrangements upon a Change of Control that afford Executive with a requisite amount of
individual financial security and are competitive with those of other corporations. In order to
accomplish these objectives, the Board has caused the Company to enter into this Agreement.

AGREEMENT

     NOW, THEREFORE, in consideration of the mutual promises, terms, covenants, and conditions set
forth herein and the performance of each, it is hereby agreed as follows:

     1. Certain Definitions.

          (a) Effective Date. The “Effective Date” shall be the first date during the “Change of
Control Period” (as defined below) on which a Change of Control occurs.

          (b) Change of Control Period. The “Change of Control Period” is the period commencing on the
date hereof and ending on the first anniversary of such date; provided, however, that the Change of
Control Period shall extend automatically for an
additional day at the end of each day during the Change of Control Period so that the Change
of Control Period is always the shorter of one (1) year or Executive’s Normal Retirement Date.

          (c) Change of Control. For the purpose of this Agreement, a “Change of Control” shall mean:

 

 

               (i) Change of Control. A “Change in Control” shall mean a change in control of a nature that
would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Securities Exchange Act of 1934, as amended, or if Item 6(e) is no longer in
effect, any regulations issued by the Securities and Exchange Commission pursuant to the Securities
Exchange Act of 1934, as amended, which serve similar purposes; provided further that, without
limitation, a Change in Control shall be deemed to have occurred if and when:

               (ii) Turnover of Board. The following individuals no longer constitute a majority of the
members of the Board: (A) the individuals who, as of the date of this Agreement constitute the
Board (the “Current Directors”); (B) the individuals who thereafter are elected to the Board and
whose election, or nomination for election, to the Board was approved by a vote of all of the
Current Directors then still in office (such directors becoming “Additional Directors” immediately
following their election); and (C) the individuals who are elected to the Board and whose election,
or nomination for election, to the Board was approved by a vote of all of the Current Directors and
Additional Directors then still in office (such directors also becoming “Additional Directors”
immediately following their election);

               (iii) Tender Offer. A tender offer or exchange offer is made whereby the effect of such offer
is to take over and control the Company, and such offer is consummated for the equity securities of
the Company representing twenty percent (20%) or more of the combined voting power of the Company’s
then outstanding voting securities;

               (iv) Merger or Consolidation. The stockholders of the Company shall approve a merger,
consolidation, recapitalization, or reorganization of the Company, a reverse stock split of
outstanding voting securities, or consummation of any such transaction if stockholder approval is
not obtained, other than any such transaction that would result in at least 75% of the total voting
power represented by the voting securities of the surviving entity outstanding immediately after
such transaction being beneficially owned by the holders of outstanding voting securities of the
Company immediately prior to the transaction, with the voting power of each such continuing holder
relative to other such continuing holders not substantially altered in the transaction;

               (v) Liquidation or Sale of Assets. The stockholders of the Company shall approve a plan of
complete liquidation of the Company or an agreement for the sale or disposition by the Company of
all or a substantial portion of the Company’s assets to another person, which is not a wholly owned
subsidiary of the Company (i.e., 50% or more of the total assets of the Company); or

               (vi) Stockholdings. Any “person” (as that term is used in Section 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended) is or becomes the
“beneficial owner” (as defined in Rule 13d-3 under that act), directly or indirectly of more
than twenty percent (20%) of the total voting power represented by the Company’s then outstanding
voting Securities.

2

 

     2. Employment and Duties.

          (a) Employment. The Company hereby agrees to continue Executive in its employ, and the
Executive hereby agrees to remain in the employ of the Company, for the period commencing on the
Effective Date and ending on the first anniversary of the Effective Date (the “Employment Period”);
provided, however, that the Employment Period shall extend automatically for an additional day at
the end of each day during the Employment Period on the same terms and conditions contained herein
as in effect as of the time of each extension, without taking into account any modifications that
are not agreed to by Executive, so that the Employment Period is always one (1) year until
termination as provided herein. Executive agrees to devote Executive’s best efforts and, subject
to paragraph 2(d) hereof, substantially all of Executive’s business time and attention to promote
and further the business of the Company.

          (b) Position and Duties. During the Employment Period, Executive’s position (including
status, offices, titles, and reporting requirements), authority, duties, and responsibilities shall
be at least commensurate in all material respects with the most significant of those held,
exercised, and assigned at any time during the 180-day period immediately preceding the Effective
Date.

          (c) Policies. Executive shall faithfully adhere to, execute, and fulfill all lawful policies
established by the Company.

          (d) Other Activities. Executive shall not, during the Employment Period, be engaged in any
other business activity pursued for gain, profit, or other pecuniary advantage if such activity
interferes in any material respect with Executive’s duties and responsibilities hereunder. The
foregoing limitations shall not be construed as prohibiting Executive from (i) making personal
investments in such form or manner as will neither require Executive’s services in the operation or
affairs of the companies or enterprises in which such investments are made nor subject Executive to
any conflict of interest with respect to Executive’s duties to the Company; (ii) serving on any
civic or charitable boards or committees; (iii) delivering lectures or fulfilling speaking
engagements; or (iii) serving, with the written approval of the Board, as a director of one or more
public corporations, in each case so long as any such activities do not significantly interfere
with the performance of Executive’s responsibilities under this Agreement.

          (e) Place of Performance. Executive shall not be required by the Company or by the
performance of Executive’s duties under this Agreement either to perform Executive’s principal
duties at a work location more than fifty (50) miles from the Company’s current principal executive
offices.

     3. Compensation. For all services rendered by Executive, the Company shall compensate
Executive as follows:

          (a) Base Salary. During the Employment Period, Executive shall receive a base salary (“Base
Salary”) at a monthly rate at least equal to the monthly base salary paid or payable to Executive
by the Company on the Effective Date. During the Employment Period, the Base Salary shall be
reviewed at least annually and shall be increased at any time and

3

 

from time to time as shall be
substantially consistent with increases in base salary awarded in the ordinary course of business
to other key executives of the Company and its subsidiaries. Any increase in Base Salary shall not
serve to limit or reduce any other obligation to Executive under this Agreement. Base Salary shall
not be reduced after any such increase.

          (b) Annual Bonus. In addition to Base Salary, Executive shall be eligible to receive a bonus
or other incentive compensation as may be determined by the Board or a committee of the Board based
upon such factors as the Board or such committee, in its sole discretion, may deem relevant,
including, without limitation, the performance of Executive and the Company; provided, however,
that the Board or a committee of the Board shall establish for each fiscal year of the Company
either (i) a bonus program in which Executive shall be entitled to participate, which provides
Executive with a reasonable opportunity, based on the past compensation practices of the Company
and Executive’s then base salary, to maintain or increase Executive’s total compensation compared
to the previous fiscal year or (ii) a targeted bonus based on such factors as the Board may
determine (the “Targeted Bonus”). Notwithstanding the foregoing, Executive shall be awarded, for
each fiscal year during the Employment Period, an annual bonus (an “Annual Bonus”) either pursuant
to any then-established incentive compensation plan(s) of the Company or otherwise, in cash at
least equal to the highest bonus payable to Executive by the Company and its subsidiaries in
respect of any of the two fiscal years immediately preceding the fiscal year in which the Effective
Date occurs. Nothing in this Agreement shall require the payment of an Annual Bonus prior to the
Effective Date.

          (c) Incentive, Savings, and Retirement Plans. In addition to Base Salary and Annual Bonus
payable as above provided, Executive shall be entitled to participate during the Employment Period
in all incentive, savings, and retirement plans, practices, policies and programs applicable to
other key executives of the Company (including its successors or assigns) and its affiliates, in
each case comparable to those in effect on the Effective Date or as subsequently amended. Such
plans, practices, policies, and programs, in the aggregate, shall provide Executive with
compensation, benefits, and reward opportunities at least as favorable as the most favorable of
such compensation, benefits and reward opportunities provided by the Company for Executive under
such plans, practices, policies, and programs as in effect at any time during the 180-day period
immediately preceding the Effective Date or, if more favorable to Executive, as provided at any
time thereafter with respect to other key executives.

          (d) Welfare Benefit Plans. During the Employment Period, Executive and/or Executive’s family
who are qualified to participate, as the case may be, shall be eligible for participation in and
shall receive all benefits under welfare benefit plans, practices, policies, and programs provided
by the Company and its subsidiaries (including, without limitation, medical, prescription, dental,
disability, salary continuance, employee life, group life, accidental death, and travel accident
insurance plans and programs), at least as favorable as the most favorable of such plans,
practices, policies, and programs in effect at any time during the 180-day period immediately
preceding the Effective Date or, if more favorable to Executive and/or Executive’s family, as in
effect at any time thereafter with respect to other key executives.

          (e) Expenses. During the Employment Period, Executive shall be entitled to receive prompt
reimbursement for all reasonable expenses incurred by Executive in connection with the business of
the Company in accordance with the most favorable policies,

4

 

practices, and procedures of the
Company and its subsidiaries in effect at any time during the 180-day period immediately preceding
the Effective Date or, if more favorable to the Executive, as in effect at any time thereafter with
respect to other key executives.

          (f) Office and Support Staff. During the Employment Period, Executive shall be entitled to an
office or offices of a size and with furnishings and other appointments, and to secretarial and
other assistance, at least equal to the most favorable of the foregoing provided to Executive by
the Company and its subsidiaries at any time during the 180-day period immediately preceding the
Effective Date or, if more favorable to Executive, as provided at any time thereafter with respect
to other key executives of the Company and its subsidiaries.

          (g) Vacation. During the Employment Period, Executive shall be entitled to paid vacation in
accordance with the most favorable plans, policies, programs and practices of the Company and its
subsidiaries as in effect at any time during the 180-day period immediately preceding the Effective
Date or, if more favorable to Executive, as in effect at any time thereafter with respect to other
key executives of the Company and its subsidiaries.

     4. Non-Competition Agreement.

          (a) Non-Competition. Notwithstanding the provisions of California law, including, without
limitation, Bus. & Prof. Code Secs. 16600 et. seq. and 17200 et. sec., the parties agree that,
during Employment Period, and for a period for which severance payments are being made by the
Company to Executive in accordance with this Agreement, Executive shall not, directly or
indirectly, for himself or on behalf of or in conjunction with any other person:

               (i) Other Activities. Engage, as an officer, director, shareholder, owner, principal,
partner, lender, joint venturer, employee, independent contractor, consultant, advisor, or sales
representative, in any Competitive Business within the Restricted Territory, provided that the
ownership of less than 3% of a company shall not be deemed a violation of this provision;

               (ii) Solicitation of Employees. Call upon any person who is, at that time, within the
Restricted Territory, an employee of the Company or any of its subsidiaries, in a managerial or
supervisory capacity for the purpose or with the intent of enticing such employee away from or out
of the employ of the Company or any of its subsidiaries;

               (iii) Solicitation of Customers. Call upon any person who is, at that time, or who has been,
within one (1) year prior to that time, a customer of the Company or any of its subsidiaries,
within the Restricted Territory for the purpose of soliciting or selling products or services in
direct competition with the Company or any of its subsidiaries within the Restricted Territory;

               (iv) Solicitation of Acquisition Candidates. Call upon any prospective acquisition candidate,
on Executive’s own behalf or on behalf of any person, which
candidate was, to Executive’s knowledge after due inquiry, either called upon by the Company,
or for which the Company made an acquisition analysis, for the purpose of acquiring such candidate.

5

 

          (b) Certain Definitions. As used in this Agreement, the following terms shall have the
meanings ascribed to them:

               (i) Competitive Business shall mean any person that engages in a business the same as, similar
to, or in direct competition with the Business;

               (ii) Person shall mean any individual, corporation, limited liability company, partnership,
firm, or other business of whatever nature;

               (iii) Restricted Territory shall mean any jurisdiction in which the Company or any subsidiary
of the Company maintains any facilities, sells any products, or provides any services; and

               (iv) Subsidiary shall mean the Company’s consolidated subsidiaries, including corporations,
partnerships, limited liability companies, and any other business organization in which the Company
holds at least a fifty percent (50%) equity interest.

          (c) Enforcement. Because of the difficulty of measuring economic losses to the Company as a
result of a breach of the foregoing covenants in this paragraph 4, and because of the immediate and
irreparable damage that could be caused to the Company for which it would have no other adequate
remedy, Executive agrees that the foregoing covenants may be enforced by the Company in the event
of breach by Executive, by injunctions and restraining orders.

          (d) Reasonable Restraint. In agreeing to the period of non-competition as set forth herein,
Executive acknowledges that he has had the opportunity to speak with counsel of his choice in
connection with the force and effect of this waiver, and that he is aware that he is waiving rights
under California law to contest the imposition of a non-competition agreement. In agreeing to be
bound hereby, Executive is accepting the consideration extended to him in exchange for a knowing
waiver of his rights, and as full and complete consideration for this waiver, and acknowledges the
adequacy of such consideration. Both parties agree that Executive’s agreement to this term
constitutes a substantial and material term to the Company, without which the Company would not
enter into this Agreement or extend this offer of employment to Executive. Executive agrees that
the Company may seek and secure an injunction against Executive in order to enforce the terms
hereof in the event that Executive breaches this provision. Executive acknowledges that the scope
of the non-competition clause is reasonable in scope and will not preclude him from seeking gainful
employment in alternative fields. To the extent that any court of competent jurisdiction
determines that the non-competition provisions are unreasonable, it is the intent of the parties to
enforce the terms hereof to the full extent held reasonable.

          (e) Separate Covenants. The covenants in this paragraph 4 are severable and separate, and the
unenforceability of any specific covenant shall not affect the provisions of any other covenant.
Moreover, in the event any court of competent jurisdiction
shall determine that the scope, time, or territorial restrictions set forth are unreasonable,
then it is the intention of the parties that such restrictions be enforced to the fullest extent
that the court deems reasonable, and the Agreement shall thereby be reformed.

6

 

          (f) Independent Agreement. Except as otherwise provided herein, all of the covenants in this
paragraph 4 shall be construed as an agreement independent of any other provision in this
Agreement, and the existence of any claim or cause of action of Executive against the Company,
whether predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by the Company of such covenants. It is specifically agreed that the period following
termination of employment stated at the beginning of this paragraph 4, during which the agreements
and covenants of Executive made in this paragraph 4 shall be effective, shall be computed by
excluding from such computation any time during which Executive is in violation of any provision of
this paragraph 4.

     5. Term; Termination; Rights on Termination.

          (a) Term. The term of Executive’s employment under this Agreement shall be the Employment
Period as defined above.

          (b) Termination. Executive’s employment under this Agreement may be terminated in any one of
the followings ways:

               (i) Death of Executive. The employment of Executive shall terminate immediately upon
Executive’s death provided that the Company shall, for a period of twelve (12) months following
such death, pay to the estate of Executive an amount equal to Executive’s base salary and continue
the welfare benefit programs contemplated by paragraph 3(d), including paying all premiums for
coverage for Executive’s dependent family members under all health, hospitalization, disability,
dental, life, and other insurance plans that the Company maintained at the time of Executive’s
death.

               (ii) Disability of Executive. If, as a result of incapacity due to physical or mental illness
or injury, Executive shall have been absent from Executive’s full-time duties hereunder for six (6)
consecutive months, then thirty (30) days after giving written notice to Executive (which notice
may occur before or after the end of such six (6) month period, but which shall not be effective
earlier than the last day of such six (6) month period), the Company may terminate Executive’s
employment provided Executive is unable to resume Executive’s full-time duties at the conclusion of
such notice period. Also, Executive may terminate Executive’s employment if Executive’s health
should become impaired to an extent that makes the continued performance of Executive’s duties
hereunder hazardous to Executive’s physical or mental health or Executive’s life, provided that
Executive shall have furnished the Company with a written statement from a qualified doctor to such
effect and provided, further, that, at the Company’s request made within ten (10) days of the date
of such written statement, Executive shall submit to an examination by a doctor selected by the
Company who is reasonably acceptable to Executive or Executive’s doctor and such doctor shall have
concurred in the conclusion of Executive’s doctor. In the event Executive’s employment under this
Agreement is terminated as a result of Executive’s disability, Executive shall receive from the
Company, in a lump-sum payment due within ten (10) days of the effective date of such termination,
an amount equal to
the greater of (1) the average of the base salary and bonus paid to Executive for the two (2)
prior full fiscal years prior to such termination or (2) Executive’s base salary and Targeted Bonus
for the fiscal year during which such termination occurs. The disability benefits provided for in
this Agreement are independent of any disability insurance benefits that Executive receives.

7

 

               (iii) Termination by the Company for Good Cause. The Company may terminate Executive’s
employment upon ten (10) days prior written notice to Executive for “Good Cause,” which shall mean
any one or more of the following: (A) Executive’s willful, material, and irreparable breach of this
Agreement; (B) Executive’s gross negligence in the performance or intentional nonperformance
(continuing for thirty (30) days after receipt of written notice of need to cure) of any of
Executive’s material duties and responsibilities hereunder; (C) Executive’s willful dishonesty,
fraud, or misconduct with respect to the business or affairs of the Company, which materially and
adversely affects the operations or reputation of the Company; (D) Executive’s indictment for,
conviction of, or guilty plea to a felony crime involving dishonesty or moral turpitude whether or
not relating to the Company; or (E) a confirmed positive illegal drug test result. In the event of
a termination by the Company for Good Cause, Executive shall have no right to any severance
compensation.

               (iv) Termination by the Company Without Good Cause or by Executive with Good Reason. The
Company may terminate Executive’s employment without Good Cause during the Employment Period upon
the approval of a majority of the members of the Board, excluding Executive if Executive is a
member of the Board. Executive may terminate Executive’s employment under this Agreement for Good
Reason upon ten (10) days prior notice to the Company.

                    (A) Result of Termination by the Company without Good Cause or by Executive with Good Reason.
Should the Company terminate Executive’s employment without Good Cause or should Executive
terminate Executive’s employment with Good Reason during the Employment Period, the Company shall
pay to Executive for one (1) year after such termination, on such dates as would otherwise be paid
by the Company, a pro rata amount based on the greater of (1) the average of the base salary and
bonus paid to Executive for the two (2) prior full fiscal years prior to such termination or (2)
Executive’s base salary and Targeted Bonus for the fiscal year during which such termination
occurs. Further, if the Company terminates Executive’s employment without Good Cause or Executive
terminates Executive’s employment with Good Reason, (1) the Company shall continue the insurance
coverage as specified in paragraph 3(d) or provide comparable coverage by way of making the family
medical insurance premium payments contemplated by COBRA or otherwise, in any case for a period of
one (1) year after such termination; (2) the Company shall maintain life insurance coverage,
comparable to that provided immediately prior to termination, for a period of one (1) year
thereafter with the beneficiary designated by Executive; and (3) Executive shall be entitled to
receive all other accrued but unpaid benefits relating to vacations and other executive perquisites
as provided in paragraphs 3(d) and 3(g) through Executive’s last day of employment.

                    (B) Definition of Good Reason. Executive shall have “Good Reason” to terminate Executive’s
employment upon the occurrence of any of the following events without Executive’s prior written
approval: (1) Executive is demoted by means of a reduction in authority, responsibilities, or
duties as provided herein; (2) Executive’s annual
base salary for a fiscal year as determined pursuant to paragraph 3(a) is reduced or
Executive’s Targeted Bonus is reduced other than as contemplated by paragraph 3(b); (3) Executive
is required to render his or her primary employment services from a location more than 50 miles
from the Company’s headquarters at the time Executive began his or her employment with the Company;
(4) the Company breaches a material provision of this Agreement; or (5) the

8

 

Company fails to obtain
the assumption of this Agreement by any successor or assign of the Company or its principal
business activities. For purposes of this Section 5(b)(iv)(B), any good faith determination of
“Good Reason” made by the Executive shall be conclusive. Anything in this Agreement to the
contrary notwithstanding, a termination by the Executive for any reason during the 30-day period
immediately following the first anniversary of the Effective Date shall be deemed to be a
termination for Good Reason for all purposes of this Agreement.

               (v) Resignation by Executive Without Good Reason. Executive may, without cause, and
without Good Reason terminate Executive’s own employment under this Agreement, effective thirty
(30) days after written notice is provided to the Company or such earlier time as any such
resignation may be accepted by the Company. If Executive resigns or otherwise terminates
Executive’s employment without Good Reason, Executive shall receive no severance compensation.

               (vi) Change in Control of the Company.

                    (A) Effective Date of Change in Control. For purposes of applying paragraph 5 hereof, the
effective date of Change in Control will be the closing date of the transaction giving rise to the
Change in Control and all compensation, reimbursements, and lump-sum payments due Executive must be
paid in full by the Company promptly following Executive’s election to terminate Executive’s
employment following such Change in Control.

                    (B) Effect on Stock Options. In the event of a Change of Control, fifty percent (50%) of all
unvested stock options held by Executive shall vest on the Effective Date and the balance of such
unvested options shall vest as of the day immediately preceding any termination of Executive’s
employment by the Company without Good Cause or by Executive for Good Reason provided that any
options granted prior to the date hereof that included specific provisions regarding accelerated
vesting shall be unchanged. In addition, any vested stock options (including those vested as a
result of this paragraph) held by Executive shall be exercisable during the full term of the stock
options in the event of a Change of Control.

          (c) Payments to Termination Date. Upon termination of Executive’s employment under this
Agreement for any reason provided above, Executive shall be entitled to receive all compensation
earned and all benefits and reimbursements due through the effective date of termination.
Additional compensation subsequent to termination, if any, will be due and payable to Executive
only to the extent and in the manner expressly provided above. All other rights and obligations of
the Company and Executive under this Agreement shall cease as of the effective date of termination,
except that the Company’s obligations under paragraph 9 (relating to indemnification of Executive)
and Executive’s obligations under paragraph 4 (relating to non-competition and non-solicitation, as
applicable), paragraph 6 (relating to return of Company property), paragraph 7 (relating to
inventions), paragraph 8 (relating to trade secrets), and
paragraph 10 (relating to prior agreements) shall survive such termination in accordance with
their terms.

          (d) Failure to Pay Executive. If termination of Executive’s employment arises out of the
Company’s failure to pay Executive on a timely basis the amounts

9

 

to which Executive is entitled
under this Agreement or as a result of any other breach of this Agreement by the Company, as
determined by a court of competent jurisdiction or pursuant to the provisions of paragraph 15, the
Company shall pay all amounts and damages to which Executive may be entitled as a result of such
breach, including interest thereon and all reasonable legal fees and expenses and other costs
incurred by Executive to enforce Executive’s rights hereunder. Further, none of the provisions of
paragraph 4 (relating to non-competition) shall apply in the event Executive’s employment under
this Agreement is terminated as a result of a breach by the Company.

     6. Return of Company Property. All records, designs, patents, business plans, financial
statements, manuals, memoranda, lists, and other property delivered to or compiled by Executive by
or on behalf of the Company (or its subsidiaries) or its representatives, vendors, or customers
that pertain to the business of the Company (or its subsidiaries) shall be and remain the property
of the Company and be subject at all times to its discretion and control. Likewise, all
correspondence, reports, records, charts, advertising materials, and other similar data pertaining
to the business, activities, or future plans of the Company (or its subsidiaries) that is collected
by Executive shall be delivered promptly to the Company without request by it upon termination of
Executive’s employment.

     7. Inventions. Executive shall disclose promptly to the Company any and all significant
conceptions and ideas for inventions, improvements, and valuable discoveries, whether patentable or
not, which are conceived or made by Executive, solely or jointly with another, during the period of
employment, and which are directly related to the business or activities of the Company (or its
subsidiaries), and which Executive conceives as a result of Executive’s employment by the Company.
Executive hereby assigns and agrees to assign all Executive’s interests therein to the Company or
its nominee. Whenever requested to do so by the Company, Executive shall execute any and all
applications, assignments, and other instruments that the Company shall deem necessary to apply for
and obtain Letters Patent of the United States or any foreign country or to otherwise protect the
Company’s interest therein.

     8. Trade Secrets. Executive agrees that Executive will not, during or after the period of
employment under this Agreement, disclose the specific terms of the Company’s relationships or
agreements with its respective significant vendors or customers, or any other significant and
material trade secret of the Company, whether in existence or proposed, to any person, firm,
partnership, corporation, or business for any reason or purpose whatsoever.

     9. Indemnification. In the event Executive is made a party to any threatened, pending, or
completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative
(other than an action by the Company against Executive), by reason of the fact that Executive is or
was performing services under this Agreement, then the Company shall indemnify Executive against
all expenses (including attorneys’ fees), judgments, fines, and amounts paid in settlement, as
actually and reasonably incurred by Executive in
connection therewith to the maximum extent permitted by applicable law. The advancement of
expenses shall be mandatory. In the event that both Executive and the Company are made a party to
the same third-party action, complaint, suit, or proceeding, the Company agrees to engage competent
legal representation, and Executive agrees to use the same representation, provided that if counsel
selected by the Company shall have a conflict of interest that prevents

10

 

such counsel from
representing Executive, Executive may engage separate counsel and the Company shall pay all
attorneys’ fees of such separate counsel. Further, while Executive is expected at all times to use
Executive’s best efforts to faithfully discharge Executive’s duties under this Agreement, Executive
cannot be held liable to the Company for errors or omissions made in good faith if Executive has
not exhibited gross, willful, and wanton negligence and misconduct or performed criminal and
fraudulent acts that materially damage the business of the Company. Notwithstanding this paragraph
9, the provision of any written indemnification agreement applicable to the directors and officers
of the Company to which Executive shall be a party shall apply rather than this paragraph 9 to the
extent inconsistent with this paragraph 9. Without limiting the foregoing, the Company shall
continue to maintain coverage for Executive under any directors’ and officers’ liability insurance
policies for a period of six (6) years following any termination of Executive’s employment by the
Company without Good Cause or by Executive with Good Reason.

     10. No Prior Agreements. Executive hereby represents and warrants to the Company that the
execution of this Agreement by Executive and Executive’s employment by the Company and the
performance of Executive’s duties hereunder will not violate or be a breach of any agreement with a
former employer, client, or any other person or entity. Further, Executive agrees to indemnify the
Company for any claim, including, but not limited to, attorneys’ fees and expenses of
investigation, by any such third party that such third party may now have or may hereafter come to
have against the Company based upon or arising out of any non-competition, invention, or secrecy
agreement between Executive and such third party that was in existence as of the date of this
Agreement.

     11. Assignment; Binding Effect. Executive understands that Executive is being employed by the
Company on the basis of Executive’s personal qualifications, experience, and skills. Executive
agrees, therefore, Executive cannot assign all or any portion of Executive’s performance under this
Agreement. Subject to the preceding two (2) sentences and the express provisions of paragraph 12
below, this Agreement shall be binding upon, inure to the benefit of and be enforceable by the
parties hereto and their respective heirs, legal representatives, successors, and assigns.

     12. Complete Agreement. This Agreement is not a promise of future employment. Except as
specifically provided herein, Executive has no oral representations, understandings, or agreements
with the Company or any of its officers, directors, or representatives covering the same subject
matter as this Agreement. This written Agreement is the final, complete, and exclusive statement
and expression of the agreement between the Company and Executive and of all the terms of this
Agreement, and it cannot be varied, contradicted, or supplemented by evidence of any prior or
contemporaneous oral or written agreements. This written Agreement may not be later modified
except by a further writing signed by a duly authorized officer of the Company and Executive, and
no term of this Agreement may be waived except by writing signed by the party waiving the benefit
of such
term. This Agreement hereby supersedes any other employment agreements or understandings,
written or oral, between the Company and Executive.

     13. Notice. Whenever any notice is required hereunder, it shall be given in writing addressed
as follows:

11

 

	 	 	 
	To the Company:

	 	3120 Scott Blvd

Santa Clara, California 95054

Attention: CEO
	 
	 	 
	To Executive:

	 	3120 Scott Blvd

Santa Clara, California 95054
	 
	 	 
	In either case with a

	 	Greenberg Traurig, LLP
	copy to:

	 	2375 East Camelback Road
	 

	 	Suite 700
	 

	 	Phoenix, Arizona 85016
	 

	 	Attention: Robert S. Kant, Esq.

     Notice shall be deemed given and effective on the earlier of three (3) days after the deposit
in the U.S. mail of a writing addressed as above and sent first class mail, certified, return
receipt requested, or when actually received. Either party may change the address for notice by
notifying the other party of such change in accordance with this paragraph 13.

     14. Severability; Headings. If any portion of this Agreement is held invalid or inoperative,
the other portions of this Agreement shall be deemed valid and operative and, so far as is
reasonable and possible, effect shall be given to the intent manifested by the portion held invalid
or inoperative. The paragraph headings herein are for reference purposes only and are not intended
in any way to describe, interpret, define or limit the extent or intent of the Agreement or of any
part hereof.

     15. Mediation Arbitration. All disputes arising out of this Agreement shall be resolved as
set forth in this paragraph 15. If any party hereto desires to make any claim arising out of this
Agreement (“Claimant”), then such party shall first deliver to the other party (“Respondent”)
written notice (“Claim Notice”) of Claimant’s intent to make such claim explaining Claimant’s
reasons for such claim in sufficient detail for Respondent to respond. Respondent shall have ten
(10) business days from the date the Claim Notice was given to Respondent to object in writing to
the claim (“Notice of Objection”), or otherwise cure any breach hereof alleged in the Claim Notice.
Any Notice of Objection shall specify with particularity the reasons for such objection.
Following receipt of the Notice of Objection, if any, Claimant and Respondent shall immediately
seek to resolve by good faith negotiations the dispute alleged in the Claim Notice, and may at the
request of either party, utilize the services of an independent mediator. If Claimant and
Respondent are unable to resolve the dispute in writing within ten (10) business days from the date
negotiations began, then without the necessity of further agreement of Claimant or Respondent, the
dispute set forth in the Claim Notice shall be submitted to binding arbitration (except for claims
arising out of paragraphs 3 or 7 hereof), initiated by either Claimant or Respondent pursuant to
this paragraph. Such arbitration
shall be conducted before a panel of three (3) arbitrators in San Jose, California, in
accordance with the National Rules for the Resolution of Employment Disputes of the American
Arbitration Association (“AAA”) then in effect provided that the parties may agree to use
arbitrators other than those provided by the AAA. The arbitrators shall not have the authority to
add to, detract from, or modify any provision hereof. The arbitrators shall have the authority to
order all remedies otherwise available in a civil court, including, without limitation, back-pay,
severance

12

 

compensation, vesting of options (or cash compensation in lieu of vesting of options),
reimbursement of costs, including those incurred to enforce this Agreement, and interest thereon in
the event the arbitrators determine that Executive was terminated without Good Cause, as defined
herein, or that the Company has otherwise materially breached this Agreement. A decision by a
majority of the arbitration panel shall be final and binding. The arbitration shall be conducted
consistent with all applicable law, and the arbitration award shall be in writing, in a form
capable of review if required by applicable law. Judgment may be entered on the arbitrators’ award
in any court having jurisdiction. The direct expense of any mediation or arbitration proceeding
and, to the extent Executive prevails, all reasonable legal fees shall be borne by the Company.

     16. No Participation in Severance Plans. Except as contemplated by this Agreement, Executive
acknowledges and agrees that the compensation and other benefits set forth in this Agreement are
and shall be in lieu of any compensation or other benefits that may otherwise be payable to or on
behalf of Executive pursuant to the terms of any severance pay arrangement of the Company or any
affiliate thereof, or any other similar arrangement of the Company or any affiliates thereof
providing for benefits upon involuntary termination of employment.

     17. Governing Law. This Agreement shall in all respects be construed according to the laws of
the state of California, notwithstanding the conflict of laws provisions of such state.

     18. Counterparts; Facsimile. This Agreement may be executed by facsimile and in two (2) or
more counterparts, each of which shall be deemed an original and all of which together shall
constitute but one and the same instrument.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

13

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written.

	 	 	 	 	 	 	 
	 	 	SYNAPTICS INCORPORATED	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Francis Lee	 	 
	 

	 	Name:
	 	Francis Lee	 	 
	 

	 	Title:
	 	President and CEO	 	 

	 	 	 	 	 
	 

	 	EXECUTIVE:	 	 
	 
	 	 	 	 
	 

	 	/s/ Tom Tiernan
 

Tom Tiernan
	 	 

14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}]]