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Exhibit 10.1

INDEMNIFICATION AGREEMENT

     This
Indemnification Agreement (this “Agreement”) is made as of this ___day of ___,
2005, by and between BioSource International, Inc., a Delaware
corporation (the “Company”), and
___, an individual (“Indemnitee”).

RECITALS

     WHEREAS,
the bylaws of the Company (the “Bylaws”) permit the Company to indemnify its officers
and directors and the Certificate of Incorporation of the Company (the “Certificate”) provides for
the indemnification of the Company’s officers and directors to the maximum extent permitted by the
Delaware General Corporation Law, as amended (“Delaware Law”);

     WHEREAS, the Certificate, the Bylaws and Delaware Law permit contracts between the Company and
the officers and directors of the Company with respect to indemnification of such officers and
directors;

     WHEREAS, in accordance with Delaware Law, the Company may purchase and maintain a policy or
policies of directors’ and officers’ liability insurance covering certain liabilities that may be
incurred by its officers or directors in the performance of their obligations to the Company;

     WHEREAS, the Company recognizes that corporate litigation against, and the difficulty of
obtaining liability insurance for, the Company’s directors and officers impede the Company’s
ability to attract and retain the most capable and qualified persons available for such positions;
and

     WHEREAS, in order to induce Indemnitee to serve or continue to serve as an officer and/or
director of the Company, or its subsidiaries, the Company desires that the Indemnitee shall be
indemnified and advanced expenses as set forth herein.

AGREEMENT

     NOW, THEREFORE, in consideration of Indemnitee’s service as an officer and/or director of the
Company, or its subsidiaries, after the date hereof, the Company and Indemnitee hereby agree as
follows:

1.      Certain Definitions. Capitalized terms used but not otherwise defined in this Agreement shall
have the meanings set forth below:

“Corporate Status” means the fact that a person (i) is or was a director, officer, employee
or agent of the Company, or (ii) is or was serving at the request of the Company as a
director, officer, employee or agent of another Enterprise. A Proceeding shall be deemed to
have been brought by reason of a person’s “Corporate Status” if it was brought because of
the status described in the preceding sentence or because of any action or inaction on the
part of such person in connection with such status.

 

 

“Delaware Court” shall mean the Court of Chancery of the State of Delaware.

“Disinterested Director” means a director of the Company who is not and was not a party to
the Proceeding in respect of which indemnification is sought by Indemnitee.

“Enterprise” shall mean the Company and any other corporation, partnership, joint venture,
trust, employee benefit plan or other enterprise in which Indemnitee is or was serving at
the request of the Company as a director, officer, employee, agent or fiduciary.

“Expenses” shall include all reasonable attorney’s fees, disbursements and retainers, court
costs, transcript costs, fees of experts, witness fees, travel and deposition costs,
printing and binding costs, telephone charges, postage, delivery service fees and all other
disbursements or expenses of the types customarily incurred in connection with prosecuting,
defending, preparing to prosecute or defend, investigating, participating or being prepared
to be a witness in a Proceeding.

“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of corporation law and neither currently is, nor in the past five (5) years has
been, retained to represent: (i) the Company or Indemnitee in any matter material to either
such party (other than with respect to matters concerning the Indemnitee under this
Agreement, or other indemnitees under similar indemnification agreements), or (ii) any other
party to the Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person
who, under the applicable standards of professional conduct then prevailing, would have a
conflict of interest in representing either the Company or Indemnitee in an action to
determine Indemnitee’s rights under this Agreement.

“Proceeding” includes any threatened, pending or completed action, suit, arbitration,
alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or
any other actual, threatened or completed proceeding, whether brought by or in the right of
the Company or otherwise and whether civil, criminal, administrative or investigative, in
which Indemnitee was, is or will be involved as a party or otherwise, including one pending
on or before the date of this Agreement; and excluding one initiated by an Indemnitee
pursuant to Section 8 of this Agreement to enforce his rights under this Agreement.

“Reviewing Party” means the person or persons selected to make the determination of the
availability of indemnification pursuant to Section 6.3 hereof.

	2.  	Indemnification.

2.1 Proceedings Not By or Not In The Right Of the Company. The Company hereby agrees to
hold harmless and indemnify Indemnitee to the full extent authorized or permitted by the
provisions of Delaware Law, the Certificate and the Bylaws, as such
may be amended from time to time, if Indemnitee was or is a party or is threatened to be

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made a party to any Proceeding, other than a Proceeding by or in the right of the Company,
by reason of Indemnitee’s Corporate Status, against all Expenses, judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on
his/her behalf in connection with such Proceeding if Indemnitee acted in good faith and in a
manner he/she reasonably believed to be in or not opposed to the best interests of the
Company and, with respect to any criminal Proceeding, had no reasonable cause to believe
his/her conduct was unlawful.

2.2 Proceedings By or In Right of the Company. The Company hereby agrees to hold harmless
and indemnify Indemnitee to the full extent authorized or permitted by the provisions of
Delaware Law, the Certificate and the Bylaws, as such may be amended from time to time, if
Indemnitee was or is a party or is threatened to be made a party to any Proceeding by or in
the right of the Company, by reason of Indemnitee’s Corporate Status, against all Expenses,
actually and reasonably incurred by Indemnitee or on his/her behalf in connection with such
Proceeding if Indemnitee acted in good faith and in a manner he/she reasonably believed to
be in or not opposed to the best interests of the Company; provided, however, that, if
applicable law so requires, no indemnification against such Expenses shall be made in
respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have
been finally adjudged to be liable to the Company unless and only to the extent that the
Court of Chancery of the State of Delaware, or the court in which such Proceeding was
brought, shall determine that, despite the adjudication of liability but in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for
such Expenses as such court shall deem proper.

2.3 Expenses of a Party that is Wholly or Partly Successful. Notwithstanding any other
provisions of this Agreement, to the extent that Indemnitee is or was a party to and is
successful, on the merits or otherwise, in any Proceeding by reason of Indemnitee’s
Corporate Status or in defense of any claim, issue or matter therein, in whole or in part,
the Company shall indemnify and hold harmless Indemnitee against all Expenses actually and
reasonably incurred by him in connection therewith. If Indemnitee is not wholly successful
in such Proceeding but is successful, on the merits or otherwise, as to one or more but less
than all claims, issues or matters in such Proceeding, the Company shall indemnify and hold
harmless Indemnitee against all Expenses actually and reasonably incurred by him or on his
behalf in connection with each successfully resolved claim, issue or matter. For purposes
of this Section and without limitation, the termination of any claim, issue or matter in
such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a
successful result as to such claim, issue or matter.

2.4 Additional Indemnification Rights. The Company hereby agrees to indemnify the
Indemnitee to the fullest extent from time to time permitted by law, notwithstanding that
such indemnification is not specifically authorized by the other provisions of this
Agreement, the Certificate, the Bylaws or by Delaware Law. No indemnification rights shall
be available under this Section 2.4 on account of Indemnitee’s conduct which
constitutes a breach of Indemnitee’s duty of loyalty to the Company or its stockholders or

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is an act or omission not in good faith or which involves intentional misconduct or a
knowing violation of the law.

	3.  	Advances of Expenses.

3.1 Notwithstanding any provision of this Agreement to the contrary, and to the fullest
extent permitted by applicable law, the Company shall advance all Expenses incurred by
Indemnitee (or reasonably expected by Indemnitee to be incurred by Indemnitee within three
months) in connection with the investigation, defense, settlement or appeal of any
Proceeding prior to the final disposition of such Proceeding upon receipt of an undertaking
by or on behalf of Indemnitee to repay such amount if it shall ultimately be determined that
Indemnitee is not entitled to be indemnified by the Company under the provisions of this
Agreement, the Certificate, the Bylaws, applicable law or otherwise. Any advances and
undertakings to repay pursuant to this Section 3.1 shall provide that, if Indemnitee
has commenced or thereafter commences legal proceedings in a court of competent jurisdiction
to secure a determination that Indemnitee should be indemnified under applicable law,
Indemnitee shall not be required to reimburse the Company for any advance of Expenses until
a final judicial determination is made with respect thereto (as to which all rights of
appeal therefrom have been exhausted or lapsed).

3.2 Advances of Expenses pursuant to Section 3 hereof shall be made within ten (10)
days after the receipt by the Company of a written statement or statements from Indemnitee
requesting such advance or advances from time to time, whether prior to or after final
disposition of such Proceeding, and accompanied by or preceded by an undertaking referred to
in Section 3.1 above. 

3.3 Advances shall be unsecured and interest free. Advances shall be made without regard to
Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate
entitlement to be indemnified under the other provisions of this Agreement. Advances shall
include any and all reasonable Expenses incurred pursuing a Proceeding to enforce this right
of advancement, including Expenses incurred preparing and forwarding statements to the
Company to support the advances claimed.

3.4 Notwithstanding any other provision of this Agreement, the Company shall not be required
to advance Expenses of more than one legal counsel (and one local counsel) in connection
with all matters concerning a single Indemnitee, and such counsel shall be made counsel for
any and all other indemnified persons unless (i) the Company otherwise determines or (ii)
Indemnitee or another indemnified person shall provide a written statement setting forth in
detail a reasonable objection to such legal counsel representing other indemnified persons.

3.5 This Section 3 shall not apply to any claim made by Indemnitee for which an
indemnification payment is excluded pursuant to Section 10.

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	4.  	Contribution in the Event of Joint Liability.

4.1 Whether or not the indemnification provided in Section 2 hereof is available, in
respect of any Proceeding in which the Company is jointly liable with Indemnitee (or would
be if joined in such Proceeding), the Company shall pay, in the first instance, the entire
amount of any judgment or settlement of such Proceeding without requiring Indemnitee to
contribute to such payment and the Company hereby waives and relinquishes any right of
contribution it may have against Indemnitee. The Company shall not enter into any settlement
of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if
joined in such Proceeding) unless such settlement provides for a full and final release of
all claims asserted against Indemnitee.

4.2 Without diminishing or impairing the obligations of the Company set forth in the
preceding subparagraph, if, for any reason, Indemnitee shall elect or be required to pay all
or any portion of any judgment or settlement in any Proceeding in which the Company is
jointly liable with Indemnitee (or would be if joined in such Proceeding), the Company shall
contribute to the amount of Expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred and paid or payable by Indemnitee in proportion to the
relative benefits received by the Company and all officers, directors or employees of the
Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined
in such Proceeding), on the one hand, and Indemnitee, on the other hand, from the
transaction from which such Proceeding arose; provided, however, that the
proportion determined on the basis of relative benefit may, to the extent necessary to
conform to law, be further adjusted by reference to the relative fault of the Company and
all officers, directors or employees of the Company other than Indemnitee who are jointly
liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and
Indemnitee, on the other hand, in connection with the events that resulted in such Expenses,
judgments, fines or settlement amounts, as well as any other equitable considerations which
applicable law may require to be considered. The relative fault of the Company and all
officers, directors or employees of the Company other than Indemnitee who are jointly liable
with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee,
on the other hand, shall be determined by reference to, among other things, the degree to
which their actions were motivated by intent to gain personal profit or advantage, the
degree to which their liability is primary or secondary, and the degree to which their
conduct is active or passive.

4.3 The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any
claims of contribution which may be brought by other officers, directors or employees of the
Company who may be jointly liable with Indemnitee.

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5.     Indemnification for Expenses as a Witness. In addition to the rights of Indemnitee under, and
without limiting, the other provisions of this Agreement, to the extent that Indemnitee is, by
reason of his/her Corporate Status, a witness in any Proceeding to which Indemnitee is not a party,
Indemnitee shall be indemnified by the Company against all Expenses actually and reasonably
incurred by him/her or on his/her behalf in connection therewith.

	6.  	Procedures for Determination of Entitlement to Indemnification.

6.1 Timing of Payments. All payments of Expenses, judgments, penalties, fines and other
amounts by the Company to the Indemnitee pursuant to this Agreement shall be made to the
fullest extent permitted by applicable law as soon as practicable after written demand
therefor by Indemnitee is presented to the Company, but in no event later than (i) thirty
(30) days after such demand is presented or (ii) such later date as may be permitted for the
determination of entitlement to indemnification pursuant to Section 6.6 hereof, if
applicable; provided, however, that advances of Expenses shall be made
within the time provided in Section 3.2.

6.2 Request for Indemnification. Indemnitee shall submit to the Company a written request,
including therein or therewith such documentation and information as is reasonably available
to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee
is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of
such a request for indemnification, advise the board of directors of the Company (the “Board
of Directors”) in writing that Indemnitee has requested indemnification.

6.3 Reviewing Party. Upon written request by Indemnitee for indemnification pursuant to the
first sentence of Section 6.2 hereof, a determination, if required by applicable
law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case by
one of the following three methods, which shall be at the election of the Company: (1) by a
majority vote of the Disinterested Directors, even though less than a quorum, (2) by
Independent Counsel in a written opinion, or (3) by the stockholders.

6.4 Determination by Independent Counsel. If the determination of entitlement to
indemnification is to be made by Independent Counsel pursuant to Section 6.3 hereof,
the Independent Counsel shall be selected as provided in this Section 6.4. The
Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that
such selection be made by the Board of Directors). Indemnitee or the Company, as the case
may be, may, within ten (10) days after such written notice of selection shall have been
given, deliver to the Company or to Indemnitee, as the case may be, a written objection to
such selection; provided, however, that such objection may be asserted only on the ground
that the Independent Counsel so selected does not meet the requirements of “Independent
Counsel” as defined in this Agreement, and the objection shall set forth with particularity
the factual basis of such assertion. Absent a proper and timely objection, the person so
selected shall act as Independent Counsel. If a written objection is made and substantiated,
the Independent Counsel selected may not serve as Independent Counsel unless and until such
objection is withdrawn or a court has determined that such objection is without merit. If,
within twenty (20) days after

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submission by Indemnitee of a written request for indemnification pursuant to Section
6.2 hereof, no Independent Counsel shall have been selected and not objected to, either
the Company or Indemnitee may petition the Court of Chancery of the State of Delaware or
other court of competent jurisdiction for resolution of any objection which shall have been
made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for
the appointment as Independent Counsel of a person selected by the court or by such other
person as the court shall designate, and the person with respect to whom all objections are
so resolved or the person so appointed shall act as Independent Counsel under Section
6.3 hereof. The Company shall pay any and all reasonable fees and expenses of
Independent Counsel incurred by such Independent Counsel in connection with acting pursuant
to Section 6.3 hereof, and the Company shall pay all reasonable fees and expenses
incident to the procedures of this Section 6.4, regardless of the manner in which
such Independent Counsel was selected or appointed. The Company also agrees to fully
indemnify and hold harmless such Independent Counsel against any and all Expenses, claims,
liabilities and damages arising out of or relating to this Agreement or its engagement
pursuant hereto.

6.5 Additional Presumptions and Standards. For purposes of this Agreement, the termination
of any Proceeding or any claim by judgment, order, settlement (whether with or without court
approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not
create a presumption that Indemnitee did not meet any particular standard of conduct or have
any particular belief or that a court has determined that indemnification is not permitted
by this Agreement or applicable law. In addition, neither the failure of any Reviewing
Party to have made a determination as to whether Indemnitee has met any particular standard
of conduct or had any particular belief, nor an actual determination by any Reviewing Party
that Indemnitee has not met such standard of conduct or did not have such belief, prior to
the commencement of legal proceedings by Indemnitee to secure a judicial determination that
Indemnitee should be indemnified under this Agreement under applicable law, shall be a
defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any
particular standard of conduct or did not have any particular belief. Indemnitee shall be
deemed to have acted in good faith if Indemnitee’s action is based on the records or books
of account of the Enterprise, including financial statements, or on information supplied to
Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice
of legal counsel for the Enterprise or on information or records given or reports made to
the Enterprise by an independent certified public accountant or by an appraiser or other
expert selected with reasonable care by the Enterprise. The provisions of this Section
6.5 shall not be deemed to be exclusive or to limit in any way the other circumstances
in which the Indemnitee may be deemed or found to have met the applicable standard of
conduct set forth in this Agreement. In addition, the knowledge and/or actions, or failure
to act, of any other director, officer, agent or employee of the Enterprise shall not be
imputed to Indemnitee for purposes of determining the right to indemnification under this
Agreement.

6.6 Timing of Determination. If the Reviewing Party shall not have made a determination
within thirty (30) days after receipt by the Company of the request therefor, the requisite
determination of entitlement to indemnification shall be deemed to

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have been made and Indemnitee shall be entitled to such indemnification, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact necessary
to make Indemnitee’s statement not materially misleading, in connection with the request for
indemnification, or (ii) a prohibition of such indemnification under applicable law;
provided, however, that such 30 day period may be extended for a reasonable time, not to
exceed an additional fifteen (15) days, if the person, persons or entity making the
determination with respect to entitlement to indemnification in good faith requires such
additional time for the obtaining or evaluating documentation and/or information relating
thereto; and provided, further, that the foregoing provisions of this Section 6.6
shall not apply if the determination of entitlement to indemnification is to be made by the
stockholders pursuant to Section 6.3 of this Agreement and if (A) within fifteen
(15) days after receipt by the Company of the request for such determination the Board of
Directors or the Disinterested Directors, if appropriate, resolve to submit such
determination to the stockholders for their consideration at an annual meeting thereof to be
held within seventy-five (75) days after such receipt and such determination is made
thereat, or (B) a special meeting of stockholders is called within fifteen (15) days after
such receipt for the purpose of making such determination, such meeting is held for such
purpose within sixty (60) days after having been so called and such determination is made
thereat.

6.7 Cooperation. Indemnitee shall cooperate with the person, persons or entity making such
determination with respect to Indemnitee’s entitlement to indemnification, including
providing to such person, persons or entity upon reasonable advance request any
documentation or information which is not privileged or otherwise protected from disclosure
and which is reasonably available to Indemnitee and reasonably necessary to such
determination. Any Independent Counsel, member of the Board of Directors, or stockholder of
the Company shall act reasonably and in good faith in making a determination under this
Agreement of the Indemnitee’s entitlement to indemnification. Any costs or expenses
(including reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so
cooperating with the person, persons or entity making such determination shall be borne by
the Company (irrespective of the determination as to Indemnitee’s entitlement to
indemnification) and the Company hereby indemnifies Indemnitee therefor and agrees to hold
Indemnitee harmless therefrom.

6.8 Defense by the Company. Subject to the provisions of this Section 6, the
Company shall have the right to defend Indemnitee in any Proceeding which may give rise to
the obligation to indemnify or advance Expenses under this Agreement. The Company shall
notify Indemnitee of any such decision to defend within ten (10) days of the receipt of the
request for indemnification pursuant to Section 6.2. The Company shall not, without
the prior written consent of the Indemnitee, consent to the entry of any judgment against
Indemnitee or enter into any settlement or compromise which (i) includes an admission of
fault of Indemnitee or (ii) does not include, as an unconditional term thereof, the full
release of indemnitee from all liability in respect of such Proceeding, which release shall
be in form and substance reasonably satisfactory to Indemnitee. This Section 6.8
shall not apply to a Proceeding brought by Indemnitee under Section 8 hereof.

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6.9 Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 6.8
above, if, in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s
Corporate Status, Indemnitee reasonably concludes that he or she may have separate defenses
or counterclaims to assert with respect to any issue which may not be consistent with the
position of other defendants in such Proceeding, or if the Company fails to assume the
defense of such proceeding in a timely manner, Indemnitee shall be entitled to be
represented by separate legal counsel of Indemnitee’s choice at the expense of the Company
as provided elsewhere in this Agreement, provided, that if the Company maintains an
insurance policy or policies providing liability insurance to directors, officers,
employees, agents or fiduciaries of the Company or any other Enterprise, such separate legal
counsel shall be selected from “panel” counsel previously approved by the Company’s
liability insurance carrier.

6.10 Success. The Company acknowledges that a settlement or other disposition short of
final judgment may be successful if it permits a party to avoid expense, delay, distraction,
disruption and uncertainty.

7.
     Liability Insurance. To the extent that the Company maintains an insurance policy or policies
providing liability insurance to directors, officers, employees, agents or fiduciaries of the
Company or any other Enterprise, Indemnitee shall be covered by such policy or policies in
accordance with its or their terms to the maximum extent of the coverage available to any director,
officer, employee, agent or fiduciary, as applicable.

	8.  	Remedies of Indemnitee.

8.1 In the event that (i) a determination is made pursuant to Section 6 of this
Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii)
advancement of Expenses is not timely made pursuant to Section 3.2 of this
Agreement, (iii) no determination of entitlement to indemnification shall have been made
within the time period specified in Section 6.6 of this Agreement, (iv) payment of
indemnified amounts is not made within the time period specified in Section 6.1 of
this Agreement, or (v) payment of indemnified amounts is not made within ten (10) days after
a determination has been made that Indemnitee is entitled to indemnification or such
determination is deemed to have been made pursuant to Section 6.6 of this Agreement,
Indemnitee shall be entitled to an adjudication in an appropriate court of the State of
Delaware, or in any other court of competent jurisdiction, of his entitlement to such
indemnification. Indemnitee shall commence such proceeding seeking an adjudication within
180 days following the date on which Indemnitee first has the right to commence such
proceeding pursuant to this Section 8.1. The Company shall not oppose Indemnitee’s
right to seek any such adjudication.

8.2 In the event that a determination shall have been made pursuant to Section 6.3
of this Agreement that Indemnitee is not entitled to indemnification, any judicial
proceeding commenced pursuant to this Section 8 shall be conducted in all respects
as a de novo trial, on the merits and Indemnitee shall not be prejudiced by reason of that
adverse determination under Section 6.3.

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8.3 If a determination shall have been made pursuant to Section 6.3 of this
Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such
determination in any judicial proceeding commenced pursuant to this Section 8,
absent a prohibition of such indemnification under applicable law.

8.4 In the event that Indemnitee, pursuant to this Section 8, seeks a judicial
adjudication of his rights under, or to recover damages for breach of, this Agreement, or to
recover under any directors’ and officers’ liability insurance policies maintained by the
Company, the Company shall pay on his behalf, subject to Section 10.2, in advance,
any and all Expenses actually and reasonably incurred by him in such judicial adjudication,
regardless of whether Indemnitee ultimately is determined to be entitled to such
indemnification, advancement of expenses or insurance recovery.

8.5 The Company shall be precluded from asserting in any judicial proceeding commenced
pursuant to this Section 8 that the procedures and presumptions of this Agreement
are not valid, binding and enforceable and shall stipulate in any such court that the
Company is bound by all the provisions of this Agreement.

	9.  	Non-Exclusivity, Survival of Rights, Subrogation.

9.1 The rights of indemnification as provided by this Agreement shall not be deemed
exclusive of any other rights to which Indemnitee may at any time be entitled under
applicable law, the Certificate, the Bylaws, any agreement, a vote of stockholders or a
resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement
or of any provision hereof, Delaware Law, the Certificate or the Bylaws shall limit or
restrict any right of Indemnitee under this Agreement in respect of any action taken or
omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or
repeal of this Agreement, Delaware Law, the Certificate or the Bylaws. To the extent that a
change in applicable law, whether by statute or judicial decision, permits greater
indemnification than would be afforded currently under the Certificate, the Bylaws or this
Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this
Agreement the greater benefits so afforded by such change. No right or remedy herein
conferred is intended to be exclusive of any other right or remedy, and every other right
and remedy shall be cumulative and in addition to every other right and remedy given
hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or
employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other right or remedy.

9.2 In the event of any payment under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all
papers required and take all action necessary to secure such rights, including execution of
such documents as are necessary to enable the Company to bring suit to enforce such rights.

9.3 The Company shall not be liable under this Agreement to make any payment of amounts
otherwise indemnifiable hereunder if and to the extent that Indemnitee has

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otherwise actually received such payment under any insurance policy, contract, agreement or
otherwise.

10.
     Exceptions to Right of Indemnification. Notwithstanding any other provision of this Agreement,
Indemnitee shall not be entitled to indemnification under this Agreement:

10.1 with respect to any Proceeding brought by Indemnitee, or any claim therein, unless (a)
the bringing of such Proceeding or making of such claim shall have been approved by the
Board of Directors of the Company or (b) such Proceeding is being brought by the Indemnitee
to assert, interpret or enforce his rights under this Agreement or any other agreement or
insurance policy or under the Certificate or Bylaws now or hereafter in effect; or

10.2 for Expenses incurred by Indemnitee with respect to any action instituted (i) by
Indemnitee to enforce or interpret this Agreement, if a court having jurisdiction over such
action determines that necessary assertions made by Indemnitee as a basis for such action
were not made in good faith or were frivolous, or (ii) by or in the name of the Company to
enforce or interpret this Agreement, if a court having jurisdiction over such action
determines that the material defenses asserted by Indemnitee were made in bad faith or were
frivolous; or

10.3 for Expenses and other liabilities arising from the purchase and sale by Indemnitee of
securities in violation of Section 16(b) of the Securities Exchange Act of 1934, or any
similar state or successor statute.

11.
     Duration of Agreement. All agreements and obligations of the Company contained herein shall
continue during the period Indemnitee is an officer or director of the Company (or is or was
serving at the request of the Company as a director, officer, employee or agent of another
Enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any possible
Proceeding (including any rights of appeal and any proceeding commenced under Section 8
hereof) by reason of his/her Corporate Status, whether or not he/she is acting or serving in any
such capacity at the time any liability or expense is incurred for which indemnification can be
provided under this Agreement. This Agreement shall continue in effect regardless of whether
Indemnitee continues to serve as an officer or director of the Company or any other Enterprise at
the Company’s request.

	12.  	Miscellaneous.

12.1 Notice by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon
being served with any summons, citation, subpoena, complaint, indictment, information or
other document relating to any Proceeding or matter which may be subject to indemnification
covered hereunder. The failure to so notify the Company shall not relieve the Company of
any obligation which it may have to Indemnitee under this Agreement or otherwise unless and
only to the extent that such failure or delay materially prejudices the Company.

11

 

12.2 No Employment Agreement. Nothing contained in this Agreement shall be construed as
giving Indemnitee any right to be retained in the employment of the Company or any of its
subsidiaries or affiliated entities.

12.3 Amendments and Waivers. No amendment, modification, replacement, termination or
cancellation of any provision of this Agreement will be valid, unless the same will be in
writing and signed by the Company and Indemnitee. No waiver of any default,
misrepresentation or breach of warranty or covenant hereunder, whether intentional or not,
may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of
warranty or covenant hereunder or affect in any way any rights arising because of any prior
or subsequent such occurrence.

12.4 Severability. If any provision or provisions of this Agreement shall be held to be
invalid, illegal or unenforceable for any reason whatsoever, (a) the validity, legality and
enforceability of the remaining provisions of this Agreement (including, without limitation,
each portion of any Section, paragraph or sentence of this Agreement containing any such
provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal
or unenforceable) shall not in any way be affected or impaired thereby and shall remain
enforceable to the fullest extent permitted by law; (b) such provision or provisions shall
be deemed reformed to the extent necessary to conform to applicable law and to give the
maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible,
the provisions of this Agreement (including, without limitation, each portion of any
Section, paragraph or sentence of this Agreement containing any such provision held to be
invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable)
shall be construed so as to give effect to the intent manifested thereby.

12.5 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit
of and be enforceable by the parties hereto and their respective successors (including any
direct or indirect successor by purchase, merger, consolidation or otherwise to all or
substantially all of the business or assets of the Company), assigns, spouses, heirs,
executors and personal and legal representatives. The Company shall require and cause any
successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to
all or substantially all of the business and/or assets of the Company, by written agreement
in form and substance satisfactory to the Indemnitee, expressly to assume and agree to
perform this Agreement in the same manner and to the same extent that the Company would be
required to perform if no such succession had taken place.

12.6 Notices. All notices, demands and other communications provided for or permitted
hereunder shall be made in writing and shall be by facsimile, commercial overnight courier
service or personal delivery to the following addresses, or to such other addresses as shall
be designated from time to time by a party in accordance with this Section:

if to the Company, at:

12

 

	 
	BioSource International, Inc.

	542 Flynn Road

	Camarillo, California 93012

	Attn: Board of Directors

or if to Indemnitee, at the address set forth on the signature page hereto.

If any notice, request, demand, direction or other communication required or permitted by
this Agreement is given by mail it will be effective on the earlier of receipt or the third
calendar day after deposit in the United States mail with first class or airmail postage
prepaid; if given by facsimile during regular business hours of the recipient, when sent
with delivery confirmation if given by facsimile outside regular business hours of the
recipient, with delivery confirmation, at the opening of business on the next business day;
if dispatched by commercial courier, on the scheduled delivery date; or if given by personal
delivery, when delivered.

12.7 Counterparts. This Agreement may be executed in two or more counterparts, each of
which will be deemed an original but all of which together will constitute one and the same
instrument.

12.8 Headings. The section and paragraph headings contained in this Agreement are inserted
for convenience only and will not affect in any way the meaning or construction of this
Agreement.

12.9 GOVERNING LAW. THIS AGREEMENT AND ALL RIGHTS, REMEDIES, LIABILITIES, POWERS AND DUTIES
OF THE PARTIES TO THIS AGREEMENT, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW PRINCIPLES.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

13

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
hereinabove written.

	 	 	 	 	 
	 	BIOSOURCE INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	Indemnitee
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	Name:
	 	 	 	 
	 
	 	 	 	 
	Address:
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	

	 	Facsimile:
	 	 
	

	 	 	 	 

14exv10w1

 

EXHIBIT 10.1

SEVERANCE AGREEMENT AND RELEASE

RECITALS

     This Severance Agreement and Release (“Agreement”) is made by and between James Mitchener
(“Employee”) and Therma-Wave, Inc. (“Company”) (collectively referred to as the “Parties”):

     WHEREAS, Employee was employed by the Company;

     WHEREAS, the Company and Employee entered into a Proprietary Information and Employee
Inventions Agreement (the “Confidentiality Agreement”);

     WHEREAS, the Company and Employee have entered into a Stock Option Agreement, pursuant to
which the Employee purchased shares of the Company’s common stock, subject to the terms and
conditions of the Company’s 2000 Equity Incentive Plan Stock Option Plan;

     WHEREAS, the Company has terminated the Employee’s employment due to business necessity as
part of a reduction in force on April 8, 2005 (the “Termination Date”);

     WHEREAS, the Parties, and each of them, wish to resolve any and all disputes, claims,
complaints, grievances, charges, actions, petitions and demands that the Employee may have against
the Company as defined herein, including, but not limited to, any and all claims arising or in any
way related to Employee’s employment with, or separation from, the Company;

     NOW THEREFORE, in consideration of the promises made herein, the Parties hereby agree as
follows:

COVENANTS

     1. Consideration.

          (a) The Company agrees to pay Employee a lump sum equivalent to 16 weeks of Employee’s base
salary, for a total of sixty-one thousand five hundred thirty-eight dollars and 46 cents
($61,538.46), less applicable withholding. This payment will be made to employee within ten (10)
business days after the Effective Date.

          (b) Subsequent to the payment period, the Company will not contest unemployment benefits.

          (c) Stock. The Parties agree that for purposes of determining the number of shares of
the Company’s common stock which Employee is entitled to purchase from the Company,

 

 

pursuant to the
exercise of outstanding options, the Employee will be considered to have vested only up to the Termination Date. The exercise of any stock options shall continue to be subject to
the terms and conditions of the Stock Agreements.

          (d) Benefits. Employee’s health insurance benefits will cease at the end of April
2005, subject to Employee’s right to continue his/her health insurance under COBRA. Should
Employee so elect, the Company shall reimburse Employee for up to four (4) months health care
coverage. Employee’s participation in all other benefits and incidents of employment ceased on the
Termination Date. Employee ceased accruing employee benefits, including, but not limited to,
vacation time and paid time off, as of the Termination Date.

          (e) Career Transition Program. Employee’s will be able to participate in the Executive
Career Transition Program (6 months) offered through Right Management Consultants.

     2. Confidential Information. Employee shall continue to maintain the confidentiality
of all confidential and proprietary information of the Company and shall continue to comply with
the terms and conditions of the Confidentiality Agreement between Employee and the Company.
Employee shall return all of the Company’s property and confidential and proprietary information in
his/her possession to the Company on the Effective Date of this Agreement.

     3. Payment of Salary. Employee acknowledges and represents that the Company has paid
all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to
Employee once the above noted payments and benefits are received.

     4. Release of Claims. Employee agrees that the foregoing consideration represents
settlement in full of all outstanding obligations owed to Employee by the Company and its officers,
managers, supervisors, agents and employees. Employee, on his/her own behalf, and on behalf of
his/her respective heirs, family members, executors, agents, and assigns, hereby fully and forever
releases the Company and its officers, directors, employees, agents, investors, shareholders,
administrators, affiliates, divisions, subsidiaries, predecessor and successor corporations, and
assigns, from, and agree not to sue concerning, any claim, duty, obligation or cause of action
relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected,
that Employee may possess arising from any omissions, acts or facts that have occurred up until and
including the Effective Date of this Agreement including, without limitation:

          (a) any and all claims relating to or arising from Employee’s employment relationship with the
Company and the termination of that relationship;

          (b) any and all claims relating to, or arising from, Employee’s right to purchase, or actual
purchase of shares of stock of the Company, including, without limitation, any claims for fraud,
misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law,
and securities fraud under any state or federal law;

          (c) any and all claims under the law of any jurisdiction including, but not limited to,
wrongful discharge of employment; constructive discharge from employment; termination in violation
of public policy; discrimination; breach of contract, both express and implied; breach of a

-2-

 

covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent
or intentional infliction of emotional distress; negligent or intentional misrepresentation;
negligent or intentional interference with contract or prospective economic advantage; unfair
business practices; defamation; libel; slander; negligence; personal injury; assault; battery;
invasion of privacy; false imprisonment; and conversion;

          (d) any and all claims for violation of any federal, state or municipal statute, including,
but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the
Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the Fair
Labor Standards Act, the Employee Retirement Income Security Act of 1974, The Worker Adjustment and
Retraining Notification Act, Older Workers Benefit Protection Act, the California Fair Employment
and Housing Act, and the California Labor Code;

          (e) any and all claims for violation of the federal, or any state, constitution;

          (f) any and all claims arising out of any other laws and regulations relating to employment or
employment discrimination;

          (g) any claim for any loss, cost, damage, or expense arising out of any dispute over the
non-withholding or other tax treatment of any of the proceeds received by Employee as a result of
this Agreement; and

          (h) any and all claims for attorneys’ fees and costs.

     The Company and Employee agree that the release set forth in this section shall be and remain
in effect in all respects as a complete general release as to the matters released. This release
does not extend to any obligations incurred under this Agreement.

     Employee acknowledges and agrees that any breach of any provision of this Agreement shall
constitute a material breach of this Agreement and shall entitle the Company immediately to recover
and cease the severance benefits provided to Employee under this Agreement.

     5. Acknowledgement of Waiver of Claims Under ADEA. Employee acknowledges that he/she
is waiving and releasing any rights he/she may have under the Age Discrimination in Employment Act
of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. Employee and the
Company agree that this waiver and release does not apply to any rights or claims that may arise
under ADEA after the Effective Date of this Agreement. Employee acknowledges that the
consideration given for this waiver and release Agreement is in addition to anything of value to
which Employee was already entitled. Employee further acknowledges that he/she has been advised by
this writing that

          (a) he/she should consult with an attorney prior to executing this Agreement;

          (b) he/she has up to forty-five (45) days within which to consider this Agreement;

-3-

 

          (c) he/she has been advised in writing by the Company of the class, unit, or group of
individuals affected by the reduction in force, and the job titles and ages of all individuals who
were and were not affected;

          (d) he/she has seven (7) days following his/her execution of this Agreement to revoke the
Agreement;

          (e) this ADEA waiver shall not be effective until the revocation period has expired; and

          (f) nothing in this Agreement prevents or precludes Employee from challenging or seeking a
determination in good faith of the validity of this waiver under the ADEA, nor does it impose any
condition precedent, penalties or costs for doing so, unless specifically authorized by federal
law.

     6. Civil Code Section 1542. The Parties represent that they are not aware of any claim
by either of them other than the claims that are released by this Agreement. Employee acknowledges
that he/she has the opportunity to seek the advice of legal counsel and is familiar with the
provisions of California Civil Code Section 1542, which provides as follows:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER
SETTLEMENT WITH THE DEBTOR.

     Employee, being aware of said code section, agrees to expressly waive any rights he/she may
have thereunder, as well as under any other statute or common law principles of similar effect.

     7. No Pending or Future Lawsuits. Employee represents that he/she has no lawsuits,
claims, or actions pending in his/her name, or on behalf of any other person or entity, against the
Company or any other person or entity referred to herein. Employee also represents that he/she
does not intend to bring any claims on his/her own behalf or on behalf of any other person or
entity against the Company or any other person or entity referred to herein.

     8. Confidentiality. The Parties acknowledge that Employee’s agreement to keep the
terms and conditions of this Agreement confidential was a material factor on which all parties
relied in entering into this Agreement. Employee hereto agrees to use his/her best efforts to
maintain in confidence: (i) the existence of this Agreement, (ii) the contents and terms of this
Agreement, (iii) the consideration for this Agreement, and (iv) any allegations relating to the
Company or its officers or employees with respect to Employee’s employment with the Company, except
as otherwise provided for in this Agreement (hereinafter collectively referred to as “Settlement
Information”). Employee agrees to take every reasonable precaution to prevent disclosure of any
Settlement Information to third parties, and agrees that there will be no publicity, directly or
indirectly, concerning any Settlement Information. Employee agrees to take every precaution to
disclose Settlement Information only to those attorneys, accountants, governmental entities, and
family

-4-

 

members who have a reasonable need to know of such Settlement Information. The Parties
agree that if Company proves that Employee breached this Confidentiality provision, it shall be
entitled to an award of its costs spent enforcing this provision, including all reasonable
attorneys’ fees associated with the enforcement action, without regard to whether the Company can establish
actual damages from the breach by Employee.

     9. No Cooperation. Employee agrees he/she will not act in any manner that might
damage the business of the Company. Employee agrees that he will not counsel or assist any
attorneys or their clients in the presentation or prosecution of any disputes, differences,
grievances, claims, charges, or complaints by any third party against the Company and/or any
officer, director, employee, agent, representative, shareholder or attorney of the Company, unless
under a subpoena or other court order to do so. Employee further agrees both to immediately notify
the Company upon receipt of any court order, subpoena, or any legal discovery device that seeks or
might require the disclosure or production of the existence or terms of this Agreement, and to
furnish, within three (3) business days of its receipt, a copy of such subpoena or legal discovery
device to the Company.

     10. Non-Disparagement. Employee agrees to refrain from any defamation, libel or
slander of the Company or tortious interference with the contracts and relationships of the
Company. All inquiries by potential future employers of Employee will be directed to the Human
Resources Department. Upon inquiry, the Company shall only state the following: Employee ‘s last
position and dates of employment

     11. Non-Solicitation. Employee agrees that for a period of twelve (12) months
immediately following the Effective Date of this Agreement, Employee shall not either directly or
indirectly solicit, induce, recruit or encourage any of the Company’s employees to leave their
employment, or take away such employees, or attempt to solicit, induce, recruit, encourage, take
away or hire employees of the Company, either for him/herself or any other person or entity.

     12. No Admission of Liability. The Parties understand and acknowledge that this
Agreement constitutes a compromise and settlement of disputed claims. No action taken by the
Parties hereto, or either of them, either previously or in connection with this Agreement shall be
deemed or construed to be: (a) an admission of the truth or falsity of any claims heretofore made
or (b) an acknowledgment or admission by either party of any fault or liability whatsoever to the
other party or to any third party.

     13. No Knowledge of Wrongdoing. Employee represents that he/she has no knowledge of
any wrongdoing involving improper or false claims against a federal or state governmental agency,
or any other wrongdoing that involves Employee or other present or former Company employees.

     14. Tax Consequences. The Company makes no representations or warranties with respect
to the tax consequences of the payment of any sums to Employee under the terms of this Agreement.
Employee agrees and understands that he/she is responsible for payment, if any, of local, state
and/or federal taxes on the sums paid hereunder by the Company and any penalties or assessments
thereon. Employee further agrees to indemnify and hold the Company harmless from any claims,
demands, deficiencies, penalties, assessments, executions, judgments, or recoveries by any
government agency against the Company for any amounts claimed due on account of Employee’s failure
to pay federal

-5-

 

or state taxes or damages sustained by the Company by reason of any such claims,
including reasonable attorneys’ fees.

     15. Costs. The Parties shall each bear their own costs, expert fees, attorneys’ fees
and other fees incurred in connection with this Agreement.

     16. Indemnification. Employee agreed to indemnify and hold harmless the Company from
and against any and all loss, costs, damages or expenses, including, without limitation, attorneys’
fees or expenses incurred by the Company arising out of the breach of this Agreement by Employee,
or from any false representation made herein by Employee, or from any action or proceeding which
may be commenced, prosecuted or threatened by Employee or for Employee’s benefit, upon Employee’s
initiative, or with Employee’s aid or approval, contrary to the provisions of this Agreement.
Employee further agrees that in any such action or proceeding, this Agreement may be pled by the
Company as a complete defense, or may be asserted by way of counterclaim or cross-claim.

     17. Arbitration. The Parties agree that any and all disputes arising out of, or
relating to, the terms of this Agreement, their interpretation, and any of the matters herein
released, shall be subject to binding arbitration in Alameda County, California before the American
Arbitration Association under its National Rules for the Resolution of Employment Disputes. The
Parties agree that the prevailing party in any arbitration shall be entitled to injunctive relief
in any court of competent jurisdiction to enforce the arbitration award. The Parties agree that
the prevailing party in any arbitration shall be awarded its reasonable attorneys’ fees and costs.
The Parties hereby agree to waive their right to have any dispute between them resolved in a court
of law by a judge or jury. This section will not prevent either party from seeking injunctive
relief (or any other provisional remedy) from any court having jurisdiction over the Parties and
the subject matter of their dispute relating to Employee’s obligations under this Agreement and the
agreements incorporated herein by reference.

     18. Authority. The Company represents and warrants that the undersigned has the
authority to act on behalf of the Company and to bind the Company and all who may claim through it
to the terms and conditions of this Agreement. Employee represents and warrants that he/she has
the capacity to act on his/her own behalf and on behalf of all who might claim through him/her to
bind them to the terms and conditions of this Agreement. Each party warrants and represents that
there are no liens or claims of lien or assignments in law or equity or otherwise of or against any
of the claims or causes of action released herein.

     19. No Representations. Each party represents that it has had the opportunity to
consult with an attorney, and has carefully read and understands the scope and effect of the
provisions of this Agreement. Neither party has relied upon any representations or statements made
by the other party hereto which are not specifically set forth in this Agreement.

     20. Severability. In the event that any provision hereof becomes or is declared by a
court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue
in full force and effect without said provision so long as the remaining provisions remain
intelligible and continue to reflect the original intent of the Parties.

-6-

 

     21. Entire Agreement. This Agreement represents the entire agreement and understanding
between the Company and Employee concerning the subject matter of this Agreement and
Employee’s relationship with the Company, and supersedes and replaces any and all prior
agreements and understandings between the Parties concerning the subject matter of this Agreement
and Employee’s relationship with the Company, with the exception of the Confidentiality Agreement
and the Stock Agreements.

     22. No Waiver. The failure of any party to insist upon the performance of any of the
terms and conditions in this Agreement, or the failure to prosecute any breach of any of the terms
and conditions of this Agreement, shall not be construed thereafter as a waiver of any such terms
or conditions. This entire Agreement shall remain in full force and effect as if no such
forbearance or failure of performance had occurred.

     23. No Oral Modification. Any modification or amendment of this Agreement, or
additional obligation assumed by either party in connection with this Agreement, shall be effective
only if placed in writing and signed by both Parties or by authorized representatives of each
party.

     24. Governing Law. This Agreement shall be deemed to have been executed and delivered
within the State of California, and it shall be construed, interpreted, governed, and enforced in
accordance with the laws of the State of California, without regard to conflict of law principles.
To the extent that either party seeks injunctive relief in any court having jurisdiction for any
claim relating to the alleged misuse or misappropriation of trade secrets or confidential or
proprietary information, each party hereby consents to personal and exclusive jurisdiction and
venue in the state and federal courts of the State of California.

     25. Effective Date. . This Agreement is effective after it has been signed by both
parties and after eight (8) days have passed since Employee has signed the Agreement (the
“Effective Date”), unless revoked by Employee within seven (7) days after the date the Agreement
was signed by Employee.

     26. Counterparts. This Agreement may be executed in counterparts, and each counterpart
shall have the same force and effect as an original and shall constitute an effective, binding
agreement on the part of each of the undersigned.

     27. Voluntary Execution of Agreement. This Agreement is executed voluntarily and
without any duress or undue influence on the part or behalf of the Parties hereto, with the full
intent of releasing all claims. The Parties acknowledge that:

          (a) They have read this Agreement;

          (b) They have been represented in the preparation, negotiation, and execution of this
Agreement by legal counsel of their own choice or that they have voluntarily declined to seek such
counsel;

          (c) They understand the terms and consequences of this Agreement and of the releases it
contains; and

-7-

 

          (d) They are fully aware of the legal and binding effect of this Agreement.

     IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth
below.

	 	 	 
	

	Therma-Wave, Inc.
	 
	 	 
	Dated: May, 20, 2005

	By 	/s/ Boris Lipkin
	

	 	 
	

	 	Boris Lipkin
	

	 	President & CEO
	 
	 	 
	

	 	James Mitchener, an individual
	 
	 	 
	Dated: May 20, 2005

	 	/s/ James Mitchener
	

	 	 
	

	 	James Mitchener

-8-

 

April 8, 2005

EXHIBIT A

Job Titles by Classification/Organizational Unit of Individuals not Subject to
Reduction in Force

	 	 	 	 	 	 
	 
	 	Job Title – Grouped by Class or Unit	 	 	Age(s)	 
	 	Sr VP
	 	 	60	 
	 	VP
	 	 	47	 
	 	VP
	 	 	56	 
	 	SR VP
	 	 	63	 
	 	VP
	 	 	50	 
	 	VP
	 	 	57	 
	 	RSM
	 	 	41	 
	 	Dir
	 	 	40	 
	 	Sr. Dir
	 	 	44	 
	 	Dir.
	 	 	54	 
	 	Dir
	 	 	47	 
	 	Dir
	 	 	56	 
	 	Sr. Dir
	 	 	50	 
	 	Sr. Dir
	 	 	59	 
	 	Dir
	 	 	49	 
	 	Dir
	 	 	45	 
	 	RSM
	 	 	44	 
	 	Dir
	 	 	43	 
	 

Data Sheet by Age

-9-

 

April 8, 2005

Exhibit B

Job Titles by Classification/Organizational Unit of Individuals Subject to Reduction in Force

	 	 	 	 	 	 
	 
	 	Job Title – Grouped by Class or Unit	 	 	Age(s)	 
	 	Sr. VP
	 	 	48	 
	 	VP
	 	 	42	 
	 	Sr. VP
	 	 	52	 
	 	Sr. Dir
	 	 	48	 
	 	Dir
	 	 	43	 
	 	Dir
	 	 	49	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 	 
	 	 	 	 
	 

-10-

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