Document:

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                                                                   EXHIBIT 10.26

                                  PC-TEL, INC.

                              EMPLOYMENT AGREEMENT

        This Agreement is entered into by and between PC-TEL, INC. (the
"Company") and John Schoen (the "Employee") this November 12, 2001, effective as
of November 12, 2001 (the "Effective Date").

        WHEREAS, the Company desires to induce Employee to become an employee of
the Company in the capacity of Chief Operating Officer of the Company/Chief
Financial Officer and the employee desires to accept such employment; and

        WHEREAS the parties desire and agree to enter into an employment
relationship by means of this Agreement;

        NOW THEREFORE, it is mutually covenanted and agreed by and among the
parties as follows:

        1. Position and Duties. Employee shall be employed, as of the Effective
Date, as Chief Operating Officer/Chief Financial Officer, reporting to the
Chairman and Chief Executive Officer of PC-Tel, Inc., and assuming and
discharging such responsibilities as are commensurate with Employee's position.
Employee shall perform his duties faithfully and to the best of his ability and
shall devote his full business time and effort to the performance of his duties
hereunder.

        2. At-Will Employment. The parties agree that Employee's employment with
the Company shall be "at-will" employment and may be terminated at any time with
or without cause or notice. No provision of this Agreement shall be construed as
conferring upon Employee a right to continue as an employee of the Company.

        3. Representation of Employee. Employee represents and warrants that he
is not subject to any conditions, such as a covenant not to compete with a
former employer, that would in any way restrict either the Company's ability and
right to employ Employee or Employee's acceptance of such employment, or which
would result in the Company incurring additional costs for employing Employee.

        4. Compensation.

               (a) Base Salary. For all services to be rendered by Employee
pursuant to this Agreement, beginning as of the Effective Date, Employee shall
receive an annual base salary of $190,000, payable in installments in accordance
with the Company's normal payroll practices. Employee's annual base salary will
be reviewed from time to time in accordance with the Company's established
procedures for reviewing salaries of its executive officers.

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               (b) Bonus. Employee shall be entitled to receive an annual bonus
targeted to be $95,000.00; $55,000.00 of this bonus shall be paid prior to
December 30, 2001 and the remaining $40,000.00 shall be paid upon the completion
of the Company's attainment of objectives mutually agreed upon by Employee and
the Company and as set forth in Exhibit A to this Agreement. The Company shall
work with Employee to establish mutually agreed performance and corporate
attainment objectives and to complete Exhibit A not later than 90 days from
Employee's start date. For each complete fiscal year thereafter during the term
of this Agreement, Employee shall be eligible to receive an annual bonus that is
targeted to be up to 50% of Employee's annual base salary based upon Employee's
performance and the Company's attainment of certain objectives mutually agreed
upon by Employee and the Company. Employee must be employed by the Company on
the payment date of any payment period determined for the bonus payout to
receive such bonus. The determination of whether Employee has attained the
mutually agreed upon objectives, and the timing and amount, if any, of each such
annual bonus shall be determined by the Board in its sole discretion.

               (c) Stock Option and Restricted Stock Grant.

        Stock Option Grant. We will recommend to the Board of Directors of the
Company that at the next Board meeting, you be granted a stock option entitling
you to purchase up to 150,000 shares of the Company's Common Stock (the "Option
Shares"), at an exercise price per Option Share equal to the fair market value
per Option Share on the grant date (the "Option"). All of the options shall
initially be unvested. Each month from the grant date, 1/36th of the Option
Shares shall vest and become exercisable, provided Employee continues in the
employment of the Company on each such vesting date (so that as of the third
anniversary of the grant date all of the Option Shares shall be vested). The
Option shall be subject to the terms and conditions of the stock option
agreement evidencing the Option.

                      (i) Restricted Stock Grant. We will recommend to the Board
of Directors of the Company that Employee be granted 15,000 shares of the
Company's Common Stock (the "Restricted Shares"). Such shares shall initially be
unvested and subject to repurchase by the Company at a price of $0.01 per share.
Employee shall acquire a vested interest in, and the Company's repurchase right
shall accordingly lapse with respect to, 50% of the Restricted Shares on
December 31, 2002 and 50% of the Restricted Shares on December 31, 2003,
provided Employee continues in the employment of the Company on such vesting
date (so that as of December 31, 2003, all of the Restricted Shares shall be
vested.) The restricted stock grant shall be subject to the terms and conditions
of the restricted stock award agreement evidencing the restricted stock grant.

                      (ii) Acceleration Upon Certain Termination Following
Change of Control. The vesting of the Option Shares and the Restricted Shares
may be subject to acceleration in accordance with the terms and conditions set
forth in the Management Retention Agreement between the Company and Employee
(the "Management Retention Agreement").

        5. Vacation. Employee shall be entitled to vacation benefits established
by the Company commensurate with Employee's status as the Chief Operating
Officer/Chief Financial Officer of the Company. The Company's vacation policy
may be revised from time to time.

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        6. Other Benefits. Employee shall be entitled to participate in the
executive and employee benefit plans and programs of the Company, if any, to the
extent that his position, tenure, salary, age, health and other qualifications
make him eligible to participate in such plans or programs, subject to the rules
and regulations applicable thereto. The Company reserves the right to cancel or
change the benefit plans and programs it offers to its employees at any time.
Executive and Employee Benefit Plans are outlined in Exhibit B.

        7. Expenses. The Company shall reimburse Employee for reasonable travel,
entertainment or other expenses incurred by Employee in the furtherance of or in
connection with the performance of Employee's duties hereunder, in accordance
with the Company's expense reimbursement policy as in effect from time to time.
When employee is required to travel to the California facility, the Company's
expense policy shall be modified for Employee as set forth in Exhibit C attached
(Commuting Benefits). In addition, the Employee shall be entitled to receive a
$750.00 per month car allowance, or its equivalent, which shall be separate from
any car expenses incurred in Exhibit C.

        8. Taxes. In the event that reimbursement to Employee of travel,
entertainment, other expenses, or Commuting Benefits are subject to State and
Federal taxes, the Company shall "gross up" the reimbursement to cover the
additional tax liability. In addition, Should any of employee's income from all
sources become subject to California State income tax, the Company shall "gross
up" the difference in State and Federal tax liability from what it would have
been had employee been taxed solely as an Illinois resident on that income.

        9. Severance. Severance.

               (a) Termination Following a Change of Control. If Employee's
employment is terminated within twelve (12) months following a Change of
Control, the severance and other benefits to which Employee is entitled, if any,
shall be governed by the Management Retention Agreement (which includes the
definition of Change of Control).

               (b) Termination by Company Without Cause and Apart From Change of
Control. If, either prior to the occurrence of a Change of Control or after the
twelve (12) month period following a Change of Control, Employee's employment is
terminated (i) involuntarily by the Company for reasons other than Cause, death
or Disability or (ii) by Employee pursuant to a Voluntary Termination for Good
Reason, then Employee shall be entitled to receive the following benefits from
the Company:

                      (i) Salary Continuation. Employee shall receive
continuation of Employee's then current Base Salary for a period of 12 months
following Employee's termination of employment by the Company for reasons other
than Cause. All such severance payments shall be paid in accordance with the
Company's normal payroll practices. Such continuation of Employee's Base Salary
shall be in lieu of any and all other benefits which Employee is entitled to
receive on the date of Employee's termination of employment pursuant to any
Company severance and benefit plans and practices or pursuant to other
agreements with the Company. Employee shall not be entitled to pro-rated payment
of an annual bonus.

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                      (ii) Benefits. Employee shall receive one hundred percent
(100%) of Company-paid health, dental and vision insurance benefits at the same
level of coverage as was provided to Employee immediately prior to Employee's
termination of employment by the Company for reasons other than Cause
("Company-Paid Coverage"). If such coverage included Employee's dependents
immediately prior to Employee's termination, such dependents shall also be
covered at the Company's expense. Company-Paid Coverage shall continue until the
earlier of (i) 12 months following the date of Employee's termination by the
Company for reasons other than Cause (the "Termination Date"), or (ii) the date
upon which Employee or Employee's dependents become covered under another
employer's group health, dental and vision insurance benefit plans. If, after 18
months following the Termination Date, Employee has not become covered under
another employer's group health, dental and vision insurance benefit plans,
Employee may independently obtain health, dental and vision insurance benefits
comparable in the aggregate in scope and coverage to that provided by the
Company to Employee immediately prior to the Termination Date, and the Company
shall reimburse Employee for the cost of the premiums paid for such benefits
until the earlier of (i) 6 months following the termination of Company-Paid
Coverage, or (ii) the date upon which Employee or Employee's dependents become
covered under another employer's group health, dental and vision insurance
benefit plans. For purposes of Title X of the Consolidated Budget Reconciliation
Act of 1985 ("COBRA"), the date of the qualifying event for Employee and his or
her dependents shall be the Termination Date.

                      (iii) Partial Accelerated Vesting. All equity awards from
the Company then held by Employee shall partially accelerate, or if Employee is
then holding unvested shares, Company's right to repurchase the then-unvested
shares under each such equity award shall partially lapse, with respect to the
number of shares under each such award that would have become vested or been
released from such repurchase right under each respective equity award if
Employee's employment with the Company had continued for an additional 12 months
following Employee's effective termination date for reasons other than for
Cause.

               (c) Other Termination. If Employee's employment is terminated by
the Company for Cause, or by Employee for any reason, including death or
Disability but other than pursuant to a Voluntary Termination for Good Reason,
then Employee shall not be entitled to receive severance or other benefits
pursuant to this Section, but may be eligible for those benefits (if any) as may
then be established under the Company's severance and benefit plans and policies
existing at the time of such termination.

        10. Confidential Information. Employee agrees to maintain the
confidentiality of all confidential and proprietary information of the Company
and is delivering simultaneously with his execution of this Agreement an
executed confidentiality agreement substantially in the form attached hereto as
Exhibit B.

        11. Definitions.

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               (a) Base Salary. "Base Salary" shall mean Employee's annual
Company salary at the rate in effect immediately preceding Employee's date of
termination with the Company.

               (b) Cause. "Cause" shall mean (i) an act of personal dishonesty
taken by Employee in connection with his responsibilities as an employee and
intended to result in substantial personal enrichment of Employee, (ii) Employee
being convicted of a felony, (iii) a willful act by Employee which constitutes
gross misconduct and which is injurious to the Company, or (iv) following
delivery to Employee of a written demand for performance from the Company which
describes the basis for the Company's reasonable belief that Employee has not
substantially performed his duties, continued violations by Employee of
Employee's obligations to the Company which are demonstrably willful and
deliberate on Employee's part.

               (c) Voluntary Termination for Good Reason. "Voluntary Termination
for Good Reason" shall mean Employee voluntarily resigns after the occurrence of
any of the following (i) without Employee's express written consent, a material
reduction of Employee's duties, title, authority or responsibilities, relative
to Employee's duties, title, authority or responsibilities as in effect
immediately prior to such reduction, or the assignment to Employee of such
reduced duties, title, authority or responsibilities; provided, however, that a
reduction in duties, title, authority or responsibilities solely by virtue of
the Company being acquired and made part of a larger entity shall not by itself
constitute grounds for a "Voluntary Termination for Good Reason;" (ii) without
Employee's express written consent, a material reduction, without good business
reasons, of the facilities and perquisites (including office space and location)
available to Employee immediately prior to such reduction; (iii) a reduction by
the Company in the base salary of Employee as in effect immediately prior to
such reduction; (iv) a material reduction by the Company in the aggregate level
of employee benefits, including bonuses, to which Employee was entitled
immediately prior to such reduction with the result that Employee's aggregate
benefits package is materially reduced (other than a reduction that generally
applies to Company employees); or (v) any act or set of facts or circumstances
which would, under California case law or statute constitute a constructive
termination of Employee.

        12. Arbitration.

               (a) Employee agrees that any dispute or controversy arising out
of, relating to, or in connection with this Agreement, or the interpretation,
validity, construction, performance, breach, or termination thereof, shall be
settled by binding arbitration to be held in the county of Santa Clara,
California in accordance with the National Rules for the Resolution of
Employment Disputes then in effect of the American Arbitration Association (the
"Rules"). The Company and Employee shall each select one arbitrator, and the two
arbitrators shall select a third arbitrator, each of which arbitrators shall be
independent. The arbitrators may grant injunctions or other relief in such
dispute or controversy. The decision of the arbitrators shall be final,
conclusive and binding on the parties to the arbitration. Judgment may be
entered on the arbitrators' decision in any court having jurisdiction.

               (b) The arbitrators shall apply California law to the merits of
any dispute or claim, without reference to rules of conflicts of law. Employee
hereby consents to the personal jurisdiction.

<PAGE>
of the state and federal courts located in California for any action or
proceeding arising from or relating to this Agreement or relating to any
arbitration in which the parties are participants.

               (c) Without breach of this arbitration agreement and without
abridgement of the powers of the arbitrators, the parties may apply to any court
of competent jurisdiction for a temporary restraining order, preliminary
injunction, or other interim or conservatory relief, as necessary.

               (d) EMPLOYEE HAS READ AND UNDERSTANDS THIS SECTION, WHICH
DISCUSSES ARBITRATION. EMPLOYEE UNDERSTANDS THAT BY SIGNING THIS AGREEMENT,
EMPLOYEE AGREES TO SUBMIT ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN
CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION,
PERFORMANCE, BREACH OR TERMINATION THEREOF TO BINDING ARBITRATION, AND THAT THIS
ARBITRATION CLAUSE CONSTITUTES A WAIVER OF EMPLOYEE'S RIGHT TO A JURY TRIAL AND
RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE
EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, DISCRIMINATION
CLAIMS.

        13. Right to Advice of Counsel. Employee acknowledges that he has had
the right to consult with counsel and is fully aware of his rights and
obligations under this Agreement.

        14. Successors.

               (a) Company's Successors. For all purposes under this Agreement,
the term "Company," as applicable, shall include any successor to the Company's
business and/or assets or which becomes bound by the terms of this Agreement by
operation of law.

               (b) Employee's Successors. The terms of this Agreement and all
rights of Employee hereunder shall inure to the benefit of, and be enforceable
by, Employee's personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees.

        15. Notice. Notices and all other communications contemplated by this
Agreement shall be in writing and shall be deemed to have been duly given when
personally delivered or one day following mailing overnight courier service. In
the case of Employee, mailed notices shall be addressed to him at the home
address which he most recently communicated to the Company in writing. In the
case of the Company, mailed notices shall be addressed to its corporate
headquarters, and all notices shall be directed to the attention of its
Secretary.

        16. Miscellaneous Provisions.

               (a) Governing Law. This Agreement shall be governed by and
construed in accordance with the internal substantive laws, but not the choice
of law rules, of the state of California.

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               (b) Severability. The invalidity or unenforceability of any
provision of this Agreement, or any terms hereof, shall not affect the validity
or enforceability of any other provision or term of this Agreement.

               (c) Integration. This Agreement together with the Management
Retention Agreement and the stock option agreement and restricted stock grant
agreement contemplated in Section 5 above, and the confidentiality agreement
contemplated in Section 9 above represents the entire agreement and
understanding between the parties as to the subject matter herein and supersedes
all prior or contemporaneous agreements whether written or oral. No waiver,
alteration, or modification of any of the provisions of this Agreement shall be
binding unless in writing and signed by duly authorized representatives of the
parties hereto.

               (d) Waiver. No provision of this Agreement shall be modified,
waived or discharged unless the modification, waiver or discharge is agreed to
in writing and signed by Employee and by two authorized officers of the Company
(other than Employee). No waiver by either party of any breach of, or of
compliance with, any condition or provision of this Agreement by the other party
shall be considered a waiver of any other condition or provision or of the same
condition or provision at another time.

               (e) Taxes. All payments made pursuant to this Agreement shall be
subject to withholding of applicable income and employment taxes.

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

                  [Remainder of page intentionally left blank]

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        IN WITNESS WHEREOF, each of the parties has executed this Agreement, in
the case of the Company by its duly authorized officers, as of the day and year
first above written.

                                          PC-TEL, INC.

                                          By: /s/ Michael Pastor

                                          Title: Vice President, Human Resources

                                          EMPLOYEE:

                                          /s/ John Schoen
                                          --------------------------------
                                          John Schoen

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                                    EXHIBIT A

                             PERFORMANCE MILESTONES

<TABLE>
<CAPTION>
MILESTONES                     ANTICIPATED DATE                     AMOUNT
----------                     ----------------                     ------
<S>                            <C>                                  <C>
    TBD
    TBD
    TBD
    TBD
    TBD
</TABLE>

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                                    EXHIBIT B

                        EXECUTIVE & EMPLOYEE BENEFIT PLAN

                             2001 BENEFITS OVERVIEW

MEDICAL:

PCTEL provides the following medical plan options for its employees and their
eligible dependents:

BLUE CROSS OF CALIFORNIA: PPO

**IN NETWORK PROVIDER COVERAGE SUMMARY:

        -       Physicians of your choice and BX contracted physicians, all
                geographic areas

        -       Employee monthly co-payment for PPO medical plan ranges from
                $7.50/mo. to $24.00/mo.

        -       $10.00 for regular scheduled office visits

        -       Calendar year deductibles are $250/member and $750/family

        -       Prescription plan is comprehensive

        -       Out of pocket maximum per calendar year is $2000/member and
                lifetime benefit is $5000,000/member

        -       All other services are generally covered at 100% with some
                nominal co-payments

**OUT-OF-NETWORK PROVIDER COVERAGE SUMMARY:

        -       Physicians of your choice and BX contracted physicians, all
                geographic areas

        -       Employee monthly co-payment for PPO medical plan ranges from
                $2.50/mo. to $8.00/mo.

        -       Most services are covered at 70% after deductibles

        -       Calendar year deductibles are $250/member and $750/family

        -       Prescription plan is comprehensive

        -       Out of pocket calendar year maximum is $4000/member and lifetime
                benefit is $5000,000/member

BLUE CROSS OF CALIFORNIA: HMO

        -       Contracted physicians, all geographic areas

        -       Employee monthly co-payment for HMO medical plan ranges from
                $2.50/mo. to $8.00/mo.

        -       $5.00 for regular office visits

        -       No calendar year deductibles

        -       Prescription plan is comprehensive

        -       Out of pocket calendar years maximum is $1,500/member and no
                lifetime maximum

KAISER:

        -       Employee monthly co-payment for Kaiser medical plan ranges from
                $2.50/mo. to $8.00/mo.

        -       $10.00 for regular office visits

        -       No calendar year deductibles

        -       Out of pocket calendar year maximum is $1500/member and lifetime
                maximum is unlimited

DENTAL:

PCTEL dental benefit plan is as follows:

CANADA LIFE DENTAL: PDO

        -       Annual maximum benefit is $2000

        -       Calendar year deductible is $50 for individuals and $150 for
                families.

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        -       After deductibles have been met the following coverage shall
                apply: Preventative dental care is covered at 100%, general at
                100%, and major at 50%

VISION:

        -       A complete vision coverage plan is offered by PCTEL through
                the Vision Service Plan for employees and their dependents,
                including VSP network plan and out-of-network plans.

LIFE INSURANCE:

        -       Coverage is equal to two times your annual base salary, up to
                $100,000 of coverage

SHORT TERM DISABILITY INSURANCE:

        -       PCTEL STD insurance covers 67% of an employee's salary, up to
                $1,500.00 per week. There is a 7 day elimination period and a
                maximum benefit duration of 90 days. After 90 days, Long-term
                Disability insurance begins.

LONG TERM DISABILITY INSURANCE:

        -       PCTEL LTD insurance covers 67% of an employee's salary, up to
                $6,500 per month. There is a 90-day elimination period. The
                first 90 days of disability insurance are paid by Short-term
                Disability insurance.

EMPLOYEE STOCK PURCHASE PLAN:

        -       Allows employees to purchase PCTEL stock at a 15% discount from
                market value.

HOLIDAYS:

        -       PCTEL provides 10 holidays per year:

        -       New Year's Day        Thanksgiving Day

        -       President's Day       The day after Thanksgiving

        -       Memorial Day          Christmas Eve

        -       Independence Day      Christmas Day

        -       Labor Day             The day after Christmas

PAID TIME OFF:

        -       PCTEL provides the following Paid Time Off Plan:

        -       Length of Employment: Yearly PTO:

        -       0-1 years             15 days

        -       For each additional year of employment, one day of PTO is added,
                to a maximum of 25 days PTO annually.

401K SAVINGS PLAN:

        -       PCTEL provides its employees with a 401(k) retirement and
                savings plan. Employees may contribute up to 15% of income on a
                pre-tax basis. The maximum annual contribution, established by
                the Internal Revenue Service, is currently $10,500.00 for 2001.

125 CAFETERIA PLAN:

        -       PCTEL provides its employees with a 125 Cafeteria Plan (AKA
                Flexible Spending Account) based upon pre-tax employee
                contributions. This plan provides a pre-tax savings account for
                eligible dependent care and healthcare costs.

<PAGE>
EDUCATIONAL ASSISTANCE:

        -       PCTEL understands the importance of continuing education and
                will assist employees in their pursuit of formal studies. Formal
                accredited college and university courses are covered, including
                tuition, books, labs and registration fees.

<PAGE>
                                    EXHIBIT C

                               COMMUTING BENEFITS<PAGE>
                                                                   EXHIBIT 10.27

                                    EXECUTIVE

                         SEVERANCE AGREEMENT AND RELEASE

                                    RECITALS

        This Executive Severance Agreement and Release ("Agreement") is made by
and between Thomas A. Capizzi ("Employee") and PC Tel, Inc. ("Company"),
collectively referred to as the ("Parties"):

        A. Employee was employed by the Company as Vice President, HR &
Administration, CAO

        B. The Company and Employee have entered into a Confidential and
Proprietary Information Agreement (the "Confidentiality Agreement");

        C. Employee has mutually agreed to resign his position effective August
01, 2001 ("Resignation Date").

        D. 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) Commencing with the Resignation Date, the Company agrees to
pay Employee a severance payment of five months salary, which is Seventy Five
Thousand ($75,000) Dollars, in exchange for the covenants and releases herein.

               (b) Payment. The Company shall pay employee a Lump Sum payment of
$75,000 (less all legally required and authorized deduction), within 5 days of
the Effective Date of this Agreement.

               (c) Vesting of Stock. As of Employee's Resignation Date (August
1st, 2001), Employee is fully vested in 39,062 shares of the Company's common
stock and 165,938 unvested options shares are not yet exercisable. In further
consideration for the covenants and releases contained in this Agreement, and
contingent upon approval by the Company's Board of Directors, Company agrees
that Employee shall continue to vest in all current unvested options he has
pursuant to any stock option agreement between Employee and Company during the
next nine (9) months following the Resignation Date, until May 01, 2002.
Employee shall continue to be subject to the terms and conditions of the
Company's Stock Option Plan and the applicable Stock Option Agreement between
Employee and the Company. (See attachment A)

               (d) Benefits. Health benefit coverage for the Employee shall
cease as of August 31, 2001. Employee shall have the right to convert his health
insurance benefits to individual

<PAGE>
coverage pursuant to COBRA, effective September 1, 2001. Should Employee elect
COBRA coverage, the Company will pay the cost of said COBRA coverage for a
period up to 5 months, or until January 31, 2002.

               (e) Outplacement Support. Company to provide Employee with
Executive Outplacement Support from an outside vendor (up to $15,000 if needed).
Vendor to be determined by Human Resources and Employee.

        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 possession to the Company on the Resignation 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. The Parties agree that the consideration set forth
in this Agreement represents settlement in full of all outstanding obligations
owed by one Party to the other. The Parties, on their own behalves, and on
behalf of their respective heirs, family members, executors, officers,
directors, administrators, affiliates, divisions, subsidiaries, predecessor and
successor corporations, and assigns, hereby fully and forever releases the other
Party, and the other Party's heirs, family members, executors, officers,
directors, employees, 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 they 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
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

<PAGE>
Adjustment and Retraining Notification Act, Older Workers Benefit Protection
Act; the California Fair Employment and Housing Act, and Labor Code section 201,
et seq. and section 970, et seq.;

               (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, any stock option agreement entered
into with Employee, or to the Company obligation under Employee Indemnification
Agreement, or to the Company's obligations to Indemnify Employee pursuant to the
Company's Articles of Incorporation, By-Laws as otherwise provided by law.
Acknowledgement of Waiver of Claims Under ADEA. Employee acknowledges that he is
waiving and releasing any rights he 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 has been
advised by this writing that

               (i) He should consult with an attorney prior to executing this
Agreement;

               (j) He has up to twenty-one (21) days within which to consider
this Agreement;

               (k) He has been advised in writing by the Company of the class,
unit, or group of individuals covered by the severance program, and the job
titles and ages of all individuals who participated and did not participate in
the program;

               (l) He has seven (7) days following his execution of this
Agreement to revoke the Agreement;

               (m) This Agreement shall not be effective until the revocation
period has expired; and

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

        5. 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 and the Company acknowledge that they have been advised
by legal counsel and are familiar with the provisions of California Civil Code
Section 1542, which provides as follows:

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

        Employee and the Company, being aware of said code section, agree to
expressly waive any rights they may have thereunder, as well as under any other
statute or common law principles of similar effect.

        6. No Pending or Future Lawsuits. Employee and the Company represent
that they have no lawsuits, claims, or actions pending in their names, or on
behalf of any other person or entity, against the other or any other person or
entity referred to herein. Employee and the Company also represents that they do
not intend to bring any claims on their own behalf or on behalf of any other
person or entity against the other or any other person or entity referred to
herein.

        7. 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 best efforts to maintain in confidence the existence of
this Agreement, the contents and terms of this Agreement, the consideration for
this Agreement, and any allegations relating to the Company or his 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, financial advisors and family members who
have a reasonable need to know of such Settlement Information.

        8. No Cooperation. Employee agrees he will not act in any manner that is
intended to 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.

        9. Non-Disparagement. Employee and the Company agree to refrain from any
defamation, libel or slander of the other or tortuous interference with the
contracts and relationships of the other.

        10. Non-Solicitation. Employee agrees that for a period of twelve (12)
months immediately following the Resignation 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 attempt to solicit,
induce, recruit, encourage, take away or hire employees of the Company, either
for him or any other person or entity.

        11. 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

<PAGE>
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.

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

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

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

        D&O Insurance. Employee will continue to be covered under the current
D&O Insurance plan for past, present, and future claims against the Company that
are incurred.

        15. Arbitration. The Parties agree that any and all disputes arising out
of the terms of this Agreement, their interpretation, and any of the matters
herein released, shall be subject to binding arbitration in Santa Clara County
before the American Arbitration Association under its Employment Dispute
Resolution Rules, or by a judge to be mutually agreed upon. 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.

        16. 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 has the capacity to act on his 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.

<PAGE>
        17. 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.

        18. 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.

        19. Entire Agreement. This Agreement, and the Confidentiality Agreement,
constitutes the entire agreement and understanding between the Parties
concerning the subject matter of this Agreement and all prior representations,
understandings, and agreements concerning the subject matter of this Agreement
have been superseded by the terms of this Agreement.

        20. 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.

        21. 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. No provision of this
Agreement can be changed, altered, modified, or waived except by an executed
writing by the Parties.

        22. 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.

        23. Attorneys' Fees. In the event that either Party brings an action to
enforce or effect its rights under this Agreement, the prevailing party shall be
entitled to recover its costs and expenses, including the costs of mediation,
arbitration, litigation, court fees, plus reasonable attorneys' fees, incurred
in connection with such an action.

        24. Effective Date. This Agreement is effective eight (8) days after it
has been signed by both Parties, unless revoked by Employee within seven (7)
days of execution.

        25. 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.

<PAGE>
        26. 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

               (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.

Dated:  7/23/01                             By: /s/ William F. Roach
                                            --------------------------------
                                            William F. Roach
                                            CEO and President, PCTEL Inc.

                                            Thomas A. Capizzi, an individual

Dated: 7/24/01                              /s/ Thomas A. Capizzi
                                            --------------------------------
                                            Thomas A. Capizzi

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