Document:

Separation Agreement and Release

 Exhibit 10.3 

SEPARATION AGREEMENT AND RELEASE 

This Separation Agreement and Release (“Agreement”) is made by and between Ilene Vogt (“Employee”) and Accelrys, Inc.
(“Company”) (jointly referred to as the “Parties”). 
 RECITALS 

 

	 	1)	Employee has been employed by the Company as its Senior Vice President of Worldwide Sales in accordance with the terms of an employment agreement dated on or about
August 5, 2008 (the “Employment Agreement”). 

  

	 	2)	Employee is hereby resigning as the Company’s Senior Vice President of Worldwide Sales but will remain employed to assist in transition until May 5, 2010
(“Termination Date”); 

  

	 	3)	The Parties wish to set forth the terms of such termination as set forth herein. 

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

AGREEMENT 

1. Resignation and Termination of Employment. Employee is hereby resigning as the Company’s Senior Vice President of
Worldwide Sales and from all offices which she holds, but will remain employed until May 5, 2010 to assist with transitioning her responsibilities. This Agreement shall become effective and enforceable on the first day following the expiration
of the revocation period set forth in Section 9, below (the “Effective Date”). Between the execution date and Termination Date Employee shall remain employed by the Company at her current salary and with benefits at the level at which
such benefits were provided prior to the Effective Date and shall be available to perform tasks as reasonably requested by the Company. As of the Termination Date, Employee shall be paid her earned wages through that date and any accrued and unused
vacation time, which vacation time equals $23,266.83. 
 2. Company’s Obligations. Provided that, and so long as,
Employee abides by the obligations set forth in Section 7 of the Employment Agreement, the Company shall pay Employee the aggregate total sum of $250,000 (two hundred and fifty thousand dollars), less applicable withholdings. This aggregate
amount will be paid in 24 equal installments of $10,416.67 (ten thousand four hundred sixteen dollars and sixty seven cents), less applicable withholdings, on each of the Company’s regular payroll days, commencing on the Company’s first
payroll period after the Effective Date and ending twelve months thereafter. 
 3. Bonus Payment. When bonus payments are
made to the Company’s executives pursuant to the Company’s fiscal year 2010 Management Incentive Plan (the “Plan”), in the payroll cycle following its approval, Company shall tender to Employee a lump sum amount based upon the
percentage achievement against objectives as determined by the Company’s board of directors at the conclusion of the fiscal year to have been earned pursuant to the terms of the Plan, provided that the parties agree that such bonus will include
the payment of $45,000 for the individual discretionary portion of her bonus. For the avoidance of doubt, Employee shall not be eligible for a bonus pursuant to the Company’s 2011 management incentive plan or other plans. 

4. Full Satisfaction of Salary, Benefits and Vesting Obligations. Employee acknowledges and agrees that, subject to complying with
the terms set forth in Sections 2 and 3 hereof, the Company has paid all salary, wages, accrued vacation and any and all other benefits due to Employee. Employee further acknowledges and agrees that any options to purchase the Company’s stock,
restricted stock units or other equity rights cease vesting as of the Termination Date, that any unvested equity rights shall be cancelled and that Employee may exercise any vested stock options within 90 days of the Termination Date, solely in
accordance with the terms of the applicable stock option plans and grants. 
 5. 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 affiliates, officers, managers, supervisors, agents and employees. Employee, on her own behalf, and on behalf of 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 (collectively “the Released parties”) from any duty, obligation or cause of action relating to any matters of any kind, 

 
whether presently known or unknown, suspected or unsuspected arising from or relating to any omissions, acts or facts that have occurred up until and including the Effective Date. Claims released
hereunder include, without limitation, claims relating to Employee’s employment and the termination of employment; claims relating to the Employment Agreement, claims relating to, or arising from, wrongful or constructive termination; claims
relating to the right to purchase, or actual purchase or exercise of Company stock; claims relating to fraud, misrepresentation, breach of duty, securities claims; breach of contract, infliction of emotional distress, misrepresentation, unfair
business practices, defamation, libel, slander, negligence, personal injury, and any other tortuous conduct claims; 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, the Older Workers Benefit Protection Act, the Family and Medical Leave Act, the California Family Rights Act, the California Fair Employment and Housing Act, and the California Labor Code. 

6. Civil Code Section 1542. Employee represents that she is not aware of any claim other than the claims that are released by
this Agreement. Employee acknowledges that she has had the opportunity to be advised by 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 HER FAVOR AT THE TIME OF EXECUTING
THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HER SETTLEMENT WITH THE DEBTOR. 
 Employee, being aware of
said code section, agrees to expressly waive any rights she may have hereunder, as well as under any other statute or common law principles of similar effect. 

7. No Pending or Future Lawsuits/Covenant not to Sue. Employee represents that she has no lawsuits, claims, or actions pending in
ER name, or on behalf of any other person or entity, against the Released Parties. Employee represents and agrees that she does not intend to bring, and will not bring, any claims on her own behalf or on behalf of any other person or entity against
the Released Parties, whether in court, in an administrative hearing or otherwise. 
 8. Complete Release. Employee
agrees that the release set forth herein shall be and remain in effect in all respects a complete general release. This release does not extend to any obligations incurred under this Agreement. 

9. Consideration Period and Revocation. The Parties agree that Employee has 21 days from the date of receipt of this Agreement to
consider executing such Agreement, and may use as much or as little of such period as he’d like. Employee may revoke this Agreement after its execution by delivering written notice of revocation to the Company’s Vice President of Human
Resources on or before the seventh day following execution, or, if such day falls on a weekend or holiday, the first non-weekend or holiday day thereafter. If Employee revokes this Agreement, the Company shall have no obligation hereunder or under
the Employment Agreement. 
 10. Voluntary Execution and Opportunity to Seek Legal Counsel. 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. Employee acknowledges that she has read this Agreement; has been provided with the opportunity to be
represented in the preparation, negotiation, and execution of this Agreement by legal counsel of her choice or has voluntarily declined to seek such counsel. Employee further represents that she understands the terms and consequences of this
Agreement and the releases herein; and she is fully aware of the legal and binding effect of the releases therein. 
 11.
Breach. 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 the severance benefits provided to Employee
under this Agreement. 
 12. No Admission of Liability. The Parties understand and acknowledge that this Agreement
constitutes a compromise and settlement of actual or potential disputed claims. No action taken by the Parties hereto shall be deemed or construed to be an admission of any fault or liability whatsoever to the other party or to any third party.

 13. Costs. The Parties shall each bear their own costs, expert fees, attorneys’ fees and other fees incurred in
connection with this Agreement, except as provided herein. 
  

 -2- 

 14. 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 San Diego County before the American Arbitration Association under its National Rules for the Resolution of Employment
Disputes, supplemented by the California Code of Civil Procedure. 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 paragraph 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 Confidentiality Agreement. 
 15. Authority. Each party represents and warrants
that it has the authority to act to enter into and effectuate the terms of this Agreement. 
 16. No Representations. In
entering into this Agreement, neither party has relied upon any representations or statements made by the other party hereto, except as expressly set forth in this Agreement. 

17. Severability. In the event that any provision, or any portion thereof, 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 or portion of said provision. 

18. 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 hereof. Nothing herein supersedes
Employee’s confidentiality obligations set forth in Section 6 of the Employment Agreement, or confidentiality or invention assignment obligations set forth in other agreements executed by Employee, which remain in full force and effect.

 19. No Waiver. The failure of either 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 as a subsequent 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. 
 20. No Oral Modification. This Agreement may only be
amended in a writing signed by Employee and the Chief Executive Officer of the Company. 
 21. Governing Law. This
Agreement shall be construed, interpreted, governed, and enforced in accordance with the laws of the State of California, without regard to choice-of-law provisions. Employee hereby consents to personal and exclusive jurisdiction and venue in the
State of California. 
 22. 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. 

23. Taxes Employee will be responsible for the payment of any tax liability incurred as a result of this Agreement, including,
without limitation, any taxes and penalties that may arise under Section 409A of the Internal Revenue Code. 
  

					
	Employee	 		 	Accelrys, Inc.
			
	 /s/ Ilene Vogt
	 		 	 /s/ Max Carnecchia

	Ilene Vogt	 		 	Max Carnecchia
	Dated: April 21, 2010	 		 	Chief Executive Officer
			
		 		 	Dated: April 21, 2010

  

 -3-First Amendment to Contribution Agreement (common stock)

 Exhibit 10.16 

FIRST AMENDMENT TO CONTRIBUTION AGREEMENT 

(Common Stock) 

THIS FIRST AMENDMENT TO CONTRIBUTION AGREEMENT (the “Amendment”) is made and entered into as of April 21, 2010 by
and among Excel Trust, Inc., a Maryland corporation (the “Company”), Gary B. Sabin (“Contributor”) and the entity or entities set forth on the signature page hereto (each a “Contributor Entity,” and
for purposes of this Amendment the term “Contributor” shall include Mr. Sabin and the Contributor Entity, to the extent of Mr. Sabin’s equity interest therein). Capitalized terms used herein, but not otherwise defined, shall
have the meaning set forth in the Contribution Agreement (as defined below). 
 RECITALS 

Contributor and the Company entered into that certain Contribution Agreement dated as of December 24, 2009 (the
“Contribution Agreement”) with respect to the contribution of the properties referred to as Five Forks Place, Newport Towne Center and Red Rock Commons by Contributor to the Company in exchange for cash and/or shares of the
Company’s common stock, $0.01 par value per share (the “Common Stock”), and deem it to be in their respective best interests to amend the Contribution Agreement as provided below. 

NOW, THEREFORE, for and in consideration of the foregoing premises, and the mutual undertakings set forth below, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

TERMS OF AGREEMENT 

Section 1. Exhibit A. Contributor and the Company agree that Exhibit A to the Contribution Agreement shall be amended and
restated as follows: 
 CONTRIBUTOR’S PARTICIPATING ENTITY INTERESTS 

 

					
	 Participating Entity
	  	 Properties to be Contributed by
the Participating
Entity
	  	 Participating Entity Consideration

(Specify Amount of Common Stock or Cash)

	 Five Forks GS, LLC
	  	Five Forks Place	  	167,962 Shares of Common Stock
	 Excel Realty Holdings, LLC
	  	Newport Towne Center (1)	  	16,349 Shares of Common Stock
	 Red Boulder, LLC
	  	Red Rock Commons	  	132,643 Shares of Common Stock
	 Total Contributor Consideration
	  	316,954 Shares of Common Stock

 

	(1)	This contribution shall be effected by means of a Direct Contribution of the Property or a Division of the Participating Entity to facilitate the contribution, but
shall not be a contribution of all of the Participating Entity Interests in the Participating Entity. 

Section 2. Full Force and Effect. Except as amended hereby, the terms and provisions of the Contribution Agreement remain
unchanged, are and shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms, and are hereby ratified and confirmed. 

 Section 3. Miscellaneous. This Amendment shall be governed and construed on the
same basis as the Contribution Agreement, as set forth therein. This Amendment may be executed in one or more counterparts and by facsimile, each of which shall be deemed an original, but all of which together shall constitute one and the same
instrument. 
 [SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above. 
  

			
	“COMPANY”
	
	 Excel Trust, Inc.,

a Maryland corporation

		
	By:	 	/s/ Spencer G. Plumb
	Name:	 	Spencer G. Plumb
	Title:	 	President and Chief Operating Officer

  

			
	“CONTRIBUTOR”
	
	/s/ Gary B. Sabin
	Gary B. Sabin
	
	Gary B. Sabin Family Trust dated May 20, 1982
	
	/s/ Gary B. Sabin
	Gary B. Sabin, Trustee

  

			
	 Excel Realty Holdings, LLC

a California limited liability company

	
	     By: Gary B. Sabin Family Trust dated

           May 20, 1982, sole member

		
	By:	 	/s/ Gary B. Sabin
	Name:	 	Gary B. Sabin, Trustee

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