Document:

Exhibit 10.1

Exhibit 10.1

UNIVERSAL TECHNICAL INSTITUTE, INC.

SECOND AMENDED AND RESTATED

2003 EMPLOYEE STOCK PURCHASE PLAN

Effective as of July 1, 2010

WHEREAS, Universal Technical Institute, Inc. (the “Company”) previously adopted the Universal
Technical Institute, Inc. 2003 Employee Stock Purchase Plan (the “Original Plan”) effective as of
the date on which the Company’s initial public offering was consummated (“Original Effective
Date”);

WHEREAS, the Company previously amended and restated the Original Plan, effective as of July
1, 2005 (the “Amended and Restated Plan”) because of changes to the financial accounting reporting
requirements applicable to employee stock purchase plans;

WHEREAS, the Company wishes to further amend and restate the Amended and Restated Plan to
remove the requirement that cash dividends on any Stock credited to a Participant’s Stock Account
be automatically reinvested in additional shares of Stock;

NOW THEREFORE, the Company hereby adopts the Universal Technical Institute, Inc. Second
Amended and Restated 2003 Employee Stock Purchase Plan (the “Plan”) effective as of the Offering
Period beginning on July 1, 2010 (“Effective Date”), as set forth below.

1. PURPOSE. The purpose of the Plan is to encourage stock ownership by eligible
employees of the Company and its Subsidiaries and to provide them with an incentive to contribute
to the profitability and success of the Company. The Plan is intended to qualify as an “employee
stock purchase plan” under Section 423 of the Code and will be maintained for the exclusive benefit
of eligible employees of the Company and its Subsidiaries.

2. DEFINITIONS. For purposes of the Plan, in addition to the terms defined in Section
1, the following terms are defined:

(a) “Board” means the Board of Directors of the Company.

(b) “Cash Account” means the account which shall be a subaccount in the Company’s
general cash account, maintained on behalf of a Participant by the Company for the purpose of
holding cash contributions withheld from payroll pending investment in Stock.

(c) “Code” means the Internal Revenue Code of 1986, as amended.

(d) “Custodian” means Fidelity Investments or any successor or replacement appointed
by the Board or its delagatee under Section 3(a).

(e) “Earnings” means a Participant’s salary or wages, including overtime (but
excluding bonuses) for services performed for the Company and its Subsidiaries and received by a
Participant for services rendered during an Offering Period.

 

 

 

(f) “Fair Market Value” means the closing price of the Stock on the relevant date as
reported on New York Stock Exchange (or any national securities exchange or quotation system on
which the Stock is then listed), or if there were no sales on that date the closing price on the
next preceding date for which a closing price was reported.

(g) “Offering Period” means the six-month period beginning on each January 1 and
ending each June 30 and the six-month period beginning on each July 1 and ending on each December
31.

(h) “Participant” means an employee of the Company or a Subsidiary who is
participating in the Plan.

(i) “Purchase Right” means a Participant’s option to purchase Stock that is deemed to
be outstanding during a Offering Period. A Purchase Right represents an “option” under Section 423
of the Code.

(j) “Stock” means the common stock of the Company.

(k) “Stock Account” means the account maintained on behalf of the Participant by the
Custodian for the purpose of holding Stock acquired under the Plan.

(l) “Subsidiary” means any subsidiary corporation defined in Code Section 424(f).

3. ADMINISTRATION.

(a) BOARD ADMINISTRATION. The Plan will be administered by the Board. The Board may delegate
its administrative duties and authority (other than its authority to amend or terminate the Plan)
to any Board committee or to any officers or employees or committee thereof as the Board may
designate (in which case references to the Board will be deemed to refer to the administrator to
which such duties and authority have been delegated). The Board will have full authority to adopt,
amend, suspend, waive, and rescind rules and regulations and appoint agents as it deems necessary
or advisable to administer the Plan, to correct any defect or supply any omission or reconcile any
inconsistency in the Plan and to construe and interpret the Plan and rules and regulations
thereunder, to furnish to the Custodian such information as the Custodian may require, and to make
all other decisions and determinations under the Plan (including determinations relating to
eligibility). No person acting in connection with the administration of the Plan will, in that
capacity, participate in deciding any matter relating to his or her participation in the Plan.

(b) THE CUSTODIAN. The Custodian will act as custodian under the Plan, and perform those
duties specified in the Plan and in any agreement between the Company and the Custodian. The
Custodian will establish and maintain Participant Stock Accounts and any subaccounts as may be
necessary or desirable to administer the Plan.

(c) WAIVERS. The Board may waive or modify any requirement that a notice or election be made
or filed under the Plan a specified period in advance on an individual case or by adopting a rule
or regulation under the Plan, without amending the Plan.

 

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(d) OTHER ADMINISTRATIVE PROVISIONS. The Company will furnish information from its records as
directed by the Board, and such records, including a Participant’s Earnings, will be conclusive on
all persons unless determined by the Board to be incorrect. Each Participant and other person
claiming benefits under the Plan must furnish to the Company in writing a current mailing address
and any other information as the Board or Custodian may reasonably request. Any communication,
statement, or notice mailed with postage prepaid to any such Participant or other person at the
last mailing address filed with the Company will be deemed sufficiently given when mailed and will
be binding upon the named recipient. The Plan will be administered on a reasonable and
nondiscriminatory basis and uniform rules will apply to all persons similarly situated. All
Participants will have equal rights and privileges (subject to the terms of the Plan) with respect
to Purchase Right outstanding during any given Offering Period in accordance with Code Section
423(b)(5).

4. STOCK SUBJECT TO PLAN. Subject to adjustment as provided below, the total number of
shares of Stock reserved and available for issuance or which may be otherwise acquired upon
exercise of Purchase Rights under the Plan will be 300,000. Any shares of Stock delivered by the
Company under the Plan may consist, in whole or in part, of authorized and unissued shares or
treasury shares or shares of Stock purchased on the open market. The number and kind of such shares
of Stock subject to the Plan will be proportionately adjusted, as determined by the Board, in the
event of any extraordinary dividend or other distribution, recapitalization, forward or reverse
split, reorganization, merger, consolidation, spin-off, combination, repurchase, or share exchange,
or other similar corporate transaction or event affecting the Stock. If, at the end of any Offering
Period, the number of shares of Stock with respect to which Purchase Rights are to be exercised
exceeds the number of shares of Stock then available under the Plan, the Board shall make a pro
rata allocation of the shares of Stock remaining available for purchase in as uniform a manner as
shall be practicable and as it shall determine to be equitable.

5. ENROLLMENT AND CONTRIBUTIONS.

(a) ELIGIBILITY. An employee of the Company or any Subsidiary designated by the Board may be
enrolled in the Plan for any Offering Period if such employee is employed by the Company or a
Subsidiary authorized to participate in the Plan on the first day of the Offering Period, unless
one of the following applies to the employee:

	 	(i)	 	such person has been employed by the Company or
a Subsidiary less than 30 days;

	 	(ii)	 	such person is customarily employed by the
Company or a Subsidiary for 20 hours or less a week;

	 	(iii)	 	such person is customarily employed by the
Company or a Subsidiary for not more than five months in any calendar
year; or

	 	(iv)	 	such person owns or would be deemed to own, for
purposes of Section 423(b)(3) of the Code, Stock possessing five
percent (5%) or more of the total combined voting power of value of all
classes
of stock of the Company or any Subsidiary, or, as a result of being
granted an option under this Plan with respect to such Offering
Period, would own, or would be deemed to own, Stock possessing five
percent (5%) or more of the total combined voting power of value of
all classes of stock of the Company or any Subsidiary.

 

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The Company will notify an employee of the date as of which he or she is eligible to enroll in
the Plan, and will make available to each eligible employee the necessary enrollment forms.

(b) INITIAL ENROLLMENT. An employee who is eligible under Section 5(a) (or who will become
eligible on or before a given Offering Period) may, after receiving current information about the
Plan, initially enroll in the Plan by executing and filing with the Company a properly completed
enrollment form, including the employee’s election as to the rate of payroll contributions for the
Offering Period. To be effective for any Offering Period, such properly executed enrollment form
must be filed with the Company at least two weeks (or such other period determined by the Board)
preceding such Offering Period.

(c) AUTOMATIC RE-ENROLLMENT FOR SUBSEQUENT OFFERING PERIODS. A Participant whose enrollment
in, and payroll contributions under, the Plan continues throughout a Offering Period will
automatically be re-enrolled in the Plan for the next Offering Period unless (i) the Participant
terminates enrollment before the next Offering Period in accordance with Section 7(a), or (ii) the
Participant is ineligible to participate under Section 5(a). The initial rate of payroll
contributions for a Participant who is automatically re- enrolled for a Offering Period will be the
same as the rate of payroll contribution in effect at the end of the preceding Offering Period,
unless the Participant files a new properly executed enrollment form designating a different rate
of payroll contributions and such new enrollment form is filed with the Company no later than two
weeks (or such other period determined by the Board) prior to the beginning of the next Offering
Period.

(d) PAYROLL CONTRIBUTIONS. A Participant will make contributions under the Plan only by means
of payroll deductions from Earnings for each payroll period that ends during the Offering Period,
at the rate elected by the Participant in his or her enrollment form in effect for that Offering
Period (except that such rate may be changed during the Offering Period to the extent permitted
below). The rate of payroll contributions elected by a Participant may not be less than one percent
(1%) nor more than ten percent (10%) of the Participant’s Earnings for each payroll period, and
only whole percentages may be elected; provided, however, that the Board may specify a lower
minimum rate and higher maximum rate, subject to Section 8(c). Notwithstanding the above, (i) no
Participant shall be entitled to purchase shares of Stock under this Plan or any other employee
stock purchase plan of the Company or any Subsidiary at a rate which exceeds $25,000 of Fair Market
Value, determined as of the Offering Date (or such other limit as may be imposed by the Code) for
each calendar year in which such Participant participates in this Plan; and (ii) a Participant’s
payroll contributions will be adjusted downward by the Company as necessary to ensure that the
limits on the amount of Stock purchased for an Offering Period set forth in Section 6(a)(iii) and
Section 5(d)(i) are not exceeded, provided that when the Company automatically resumes such payroll
contribution, the Company must apply the payroll contribution percentage in effect immediately
prior to such
suspension. A Participant may elect to increase, decrease, or discontinue payroll
contributions for a future Offering Period by filing a new enrollment form designating a different
rate of payroll contributions, which properly executed form must be filed with the Company at least
two weeks (or such other period determined by the Board) prior to the beginning of an Offering
Period to be effective for that Offering Period. In addition, a Participant may elect to
discontinue payroll contributions during an Offering Period by filing a new properly executed
enrollment form, such change to be effective for the next payroll after the Participant’s new
enrollment form is filed with the Company.

 

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(e) CREDITING PAYROLL CONTRIBUTIONS TO CASH ACCOUNTS. All payroll contributions by a
Participant under the Plan will be credited to a Cash Account maintained by the Company on behalf
of the Participant. The Company will credit payroll contributions to each Participant’s Cash
Account as soon as practicable after the contributions are withheld from the Participant’s
Earnings.

(f) NO INTEREST ON CASH ACCOUNTS. No interest will be credited or paid on cash balances in
Participant’s Cash Accounts pending investment in Stock.

6. PURCHASES OF STOCK.

(a) PURCHASE RIGHTS. Enrollment in the Plan for any Offering Period by a Participant will
constitute a grant by the Company of a Purchase Right to such Participant for such Offering Period.
Each Purchase Right will be subject to the following terms.

	 	(i)	 	The purchase price of each share of Stock
purchased for each Offering Period will equal 95% of the Fair Market
Value of a share of Stock on the last day of an Offering Period.

	 	(ii)	 	Except as limited in (iii) below, the number of
 shares of Stock that may be purchased upon exercise of the Purchase
Right for a Offering Period will equal the number of whole shares that
can be purchased at the purchase price specified in Section 6(a)(i)
with the aggregate amount credited to the Participant’s Cash Account as
of the last day of an Offering Period.

	 	(iii)	 	The number of shares of Stock subject to a
Participant’s Purchase Right for any Offering Period will not exceed
the number derived by dividing $12,500 by 100% of the Fair Market Value
of one share of Stock on the first day of the Offering Period.

	 	(iv)	 	The Purchase Right will be automatically
exercised on the last day of the Offering Period.

	 	(v)	 	Payments by a Participant for Stock purchased
under a Purchase Right will be made only through payroll deduction in
accordance with Section 5(d) and (e).

	 	(vi)	 	The Purchase Right will expire on the earlier
of the last day of the Offering Period or the date on which the
Participant’s enrollment in the Plan terminates.

 

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(b) PURCHASE OF STOCK. At or as promptly as practicable after the last day of an Offering
Period, amounts credited to each Participant’s Cash Account will be applied by the Company to
purchase Stock, in accordance with the terms of the Plan. Shares of Stock will be purchased from
the Company or in the open market, as the Board determines. The Company will aggregate the amounts
in all Cash Accounts when purchasing Stock, and shares purchased will be allocated to each
Participant’s Stock Account in proportion to the cash amounts withdrawn from such Participant’s
Cash Account. After completing purchases for each Offering Period (which will be completed in not
more than 15 calendar days after the last day of an Offering Period), all shares of Stock so
purchased for a Participant will be credited to the Participant’s Stock Account.

(c) WITHDRAWALS AND TRANSFERS. Participants must comply with any transfer restrictions imposed
by the Company, which may include designation of a particular broker-dealer or financial
institution to which Stock may be transferred. Shares of Stock may not be withdrawn from a
Participant’s Stock Account, until the later of: (i) two years following the beginning of the
Offering Period which applied to the Stock, and (ii) one year after the date the Stock was
originally transferred to a Participant. After which, one or more certificates for whole shares may
be issued in the name of, and delivered to, the Participant, with such Participant receiving cash
in lieu of fractional shares based on the Fair Market Value of a share of Stock on the day
preceding the date of withdrawal. Alternatively, whole shares of Stock may be withdrawn from a
Participant’s Stock Account by means of a transfer to a broker-dealer or financial institution that
maintains an account for the Participant, together with the transfer of cash in lieu of fractional
shares based on the Fair Market Value of a share of Stock on the day preceding the date of
withdrawal. Participants may not designate any other person to receive shares of Stock withdrawn or
transferred under the Plan. A Participant seeking to withdraw or transfer shares of Stock must give
instructions to the Custodian in such manner and form as may be prescribed by the Custodian, which
instructions will be acted upon as promptly as practicable. Withdrawals and transfers will be
subject to any fees imposed in accordance with Section 8(a). Note that the above does not prohibit
sales of the Stock; however participants are responsible for any tax liability that may occur due
to the sale.

(d) EXCESS ACCOUNT BALANCES. If any amounts remain in a Cash Account following the date on
which the Company purchases Stock for an Offering Period as a result of the limitation set forth in
Section 6(a)(iii) or for any other reason, such amounts will be held in the Participant’s Cash
Account and used to purchase shares of Stock in the next succeeding Offering Period.

7. TERMINATION AND DISTRIBUTIONS.

(a) TERMINATION OF ENROLLMENT. A Participant’s enrollment in the Plan will terminate upon (i)
the beginning of any payroll period or Offering Period that begins after he or she files a written
notice of termination of enrollment with the Company, provided that such Participant will continue
to be deemed to be enrolled with respect to any completed
Offering Period for which purchases have not been completed, (ii) such time as the Participant
becomes ineligible to participate under Section 5(a) of the Plan, or (iii) the termination of the
Participant’s employment by the Company and its Subsidiaries. An employee whose enrollment in the
Plan terminates may again enroll in the Plan as of any subsequent Offering Period that is at least
90 days after such termination of enrollment if he or she satisfies the eligibility requirements of
Section 5(a) as of such Offering Period. A Participant’s election to discontinue payroll
contributions will not constitute a termination of enrollment.

 

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(b) DISTRIBUTION. As soon as practicable after a Participant’s enrollment in the Plan
terminates, amounts in the Participant’s Cash Account which resulted from payroll contributions
will be repaid to the Participant. The Custodian will continue to maintain the Participant’s Stock
Account for the Participant until the earlier of such time as the Participant directs the sale of
all Stock in the Account, withdraws, or transfers all Stock in the Account, or one year after the
Participant ceases to be employed by the Company and its Subsidiaries. If a Participant’s
termination of enrollment results from his or her death, all amounts payable will be paid to his or
her designated beneficiary or beneficiaries and if no such designation is made, to his or her
estate.

8. GENERAL.

(a) COSTS. Costs and expenses incurred in the administration of the Plan and maintenance of
Accounts will be paid by the Company, to the extent provided in this Section 8(a). Any brokerage
fees and commissions for the purchase of Stock under the Plan (including Stock purchased upon
reinvestment of dividends and distributions) will be paid by the Company, but any brokerage fees
and commissions for the sale of Stock under the Plan by a Participant will be borne by such
Participant. The rate at which such fees and commissions will be charged to Participants will be
determined by the Custodian or any broker-dealer used by the Custodian (including an affiliate of
the Custodian), and communicated from time to time to Participants. In addition, the Custodian may
impose or pass through a reasonable fee for the withdrawal of Stock in the form of stock
certificates (as permitted under Section 6(c)), and reasonable fees for other services unrelated to
the purchase of Stock under the Plan, to the extent approved in writing by the Company and
communicated to Participants.

(b) STATEMENTS TO PARTICIPANTS. The Participant’s statement will reflect payroll
contributions, purchases, sales, and withdrawals and transfers of shares of Stock and other Plan
transactions by appropriate adjustments to the Participant’s Accounts. The Custodian will, not less
frequently than quarterly, provide or cause to be provided a written statement to the Participant
showing the transactions in his or her Stock Account and the date thereof, the number of shares of
Stock credited or sold, the aggregate purchase price paid or sales price received, the purchase or
sales price per share, the brokerage fees and commissions paid (if any), the total shares held for
the Participant’s Stock Account, and such other information as agreed to by the Custodian and the
Company.

(c) COMPLIANCE WITH SECTION 423. It is the intent of the Company that this Plan comply in all
respects with applicable requirements of Section 423 of the Code and regulations thereunder.
Accordingly, if any provision of this Plan does not comply with such
requirements, such provision will be construed or deemed amended to the extent necessary to
conform to such requirements.

 

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9. GENERAL PROVISIONS.

(a) COMPLIANCE WITH LEGAL AND OTHER REQUIREMENTS. The Plan, the granting and exercising of
Purchase Rights hereunder, and the other obligations of the Company and the Custodian under the
Plan will be subject to all applicable federal and state laws, rules, and regulations, and to such
approvals by any regulatory or governmental agency as may be required. The Company may, in its
discretion, postpone the issuance or delivery of Stock upon exercise of Purchase Rights until
completion of such registration or qualification of such Stock or other required action under any
federal or state law, rule, or regulation, or the laws of any country in which employees of the
Company and a Subsidiary who are nonresident aliens and who are eligible to participate reside, or
other required action with respect to any automated quotation system or stock exchange upon which
the Stock or other Company securities are designated or listed, or compliance with any other
contractual obligation of the Company, as the Company may consider appropriate. In addition, the
Company may require any Participant to make such representations and furnish such information as it
may consider appropriate in connection with the issuance or delivery of Stock in compliance with
applicable laws, rules, and regulations, designation or listing requirements, or other contractual
obligations.

(b) LIMITS ON ENCUMBERING RIGHTS. No right or interest of a Participant under the Plan,
including any Purchase Right, may be pledged, encumbered, or hypothecated to or in favor of any
party, subject to any lien, obligation, or liability of such Participant, or otherwise assigned,
transferred, or disposed of except pursuant to the laws of descent or distribution, and any right
of a Participant under the Plan will be exercisable during the Participant’s lifetime only by the
Participant.

(c) NO RIGHT TO CONTINUED EMPLOYMENT. Neither the Plan nor any action taken hereunder,
including the grant of a Purchase Right, will be construed as giving any employee the right to be
retained in the employ of the Company or any of its Subsidiaries, nor will it interfere in any way
with the right of the Company or any of its Subsidiaries to terminate any employee’s employment at
any time.

(d) TAXES. The Company or any Subsidiary is authorized to withhold from any payment to be made
to a Participant, including any payroll and other payments not related to the Plan, amounts of
withholding and other taxes due in connection with any transaction under the Plan, and a
Participant’s enrollment in the Plan will be deemed to constitute his or her consent to such
withholding. In addition, Participants may be required to advise the Company of sales and other
dispositions of Stock acquired under the plan in order to permit the Company to comply with tax
laws and to claim any tax deductions to which the Company may be entitled with respect to the Plan.
This provision and other Plan provisions do not set forth an explanation of the tax consequences to
Participants under the Plan. A brief summary of the tax consequences will be included in disclosure
documents to be separately furnished to Participants.

 

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(e) CHANGES TO THE PLAN. The Board may amend, alter, suspend, discontinue, or terminate the
Plan without the consent of shareholders or Participants, except that
the shareholders of the Company must approve any amendment which (i) increases the number of
shares of Stock which may be acquired through this Plan (other than an increase merely reflecting a
change in the number of outstanding shares (as described in Section 4)), (ii) changes the
designation of corporations whose employees may be offered Purchase Rights under the Plan, or (iii)
changes in the granting corporation or Stock available under the Plan. Without limiting the
foregoing, any amendment, alteration, suspension, discontinuation or termination of the Plan will
be subject to the approval of the Company’s shareholders within twenty-four months after such Board
action if such shareholder approval is required by any federal or state law or regulation or the
rules of any automated quotation system or stock exchange on which the Stock may then be quoted or
listed, or if such shareholder approval is necessary in order for the Plan to continue to meet the
requirements of Section 423 of the Code, and the Board may otherwise, in its discretion, determine
to submit other such actions to shareholders for approval. However, without the consent of an
affected Participant, no amendment, alteration, suspension, discontinuation, or termination of the
Plan may materially and adversely affect the rights of such Participant with respect to outstanding
Purchase Rights relating to any Offering Period that has been completed prior to such Board action.
The foregoing notwithstanding, upon termination of the Plan the Board may (i) elect to terminate
all outstanding Purchase Rights at such time as the Board may designate, and all amounts
contributed to the Plan which remain in a Participant’s Cash Account will be returned to the
Participant (without interest) as promptly as practicable, or (ii) shorten the Offering Period to
such period determined by the Board and use amounts credited to a Participant Cash Account to
purchase Stock.

(f) NO RIGHTS TO PARTICIPATE; NO SHAREHOLDER RIGHTS. No Participant or employee will have any
claim to participate in the Plan with respect to Offering Periods that have not commenced, and the
Company will have no obligation to continue the Plan. No Purchase Right will confer on any
Participant any of the rights of a shareholder of the Company unless and until Stock is duly issued
or transferred and delivered to the Participant (or credited to the Participant’s Stock Account).

(g) FRACTIONAL SHARES. As of the Effective Date, unless otherwise determined by the Board,
purchases of Stock under the Plan executed by the Custodian may not result in the crediting of
fractional shares of Stock to the Participant’s Stock Account. Fractional shares will not be issued
by the Company, and certificates representing fractional shares will not be delivered to
Participants under any circumstances.

(h) PLAN YEAR. The Plan will operate on a plan year that begins on January 1 and ends December
31 in each year.

(i) GOVERNING LAW. The validity, construction, and effect of the Plan and any rules and
regulations relating to the Plan will be determined in accordance with the laws of the State of
Arizona, without giving effect to principles of conflicts of laws, and applicable federal law.

(j) EFFECTIVE DATE. The Plan, as amended and restated, is effective as of the Effective Date,
which is the Offering Period beginning on July 1, 2010.

 

9exv10w1

Exhibit 10.1

CHANGE IN CONTROL SEVERANCE AGREEMENT

     This Change in Control Severance Agreement
(“Agreement”) is made effective as of ______,
20___ (“Effective Date”), by and between ViaSat, Inc., a Delaware corporation (the “Company”), and
_________ (“Executive”). For purposes of this Agreement (other than Section 1(c) below), the
“Company” shall mean the Company and its subsidiaries.

     The parties agree as follows:

     1. Definitions. For purposes of this Agreement, the following terms shall have the
following meanings:

          (a) “Board” shall mean the Board of Directors of the Company.

          (b) “Cause” shall mean any of the following: (i) Executive’s gross negligence or willful
misconduct in the performance of his duties to the Company where such gross negligence or willful
misconduct has resulted or is likely to result in material damage to the Company or its
subsidiaries; (ii) Executive’s willful and habitual neglect of or failure to perform Executive’s
duties of consulting or employment, which neglect or failure is not cured within thirty (30) days
after written notice thereof is received by Executive; (iii) Executive’s commission of any act of
fraud or dishonesty with respect to the Company that causes material harm to the Company or is
intended to result in substantial personal enrichment; (iv) Executive’s conviction of or plea of
guilty or nolo contendere to felony criminal conduct; or (v) Executive’s material violation of the
Company’s Confidentiality and Proprietary Rights Agreement (as defined below) or similar agreement
that Executive has entered into with the Company.

          (c) “Change in Control” shall mean and include each of the following:

               (i) A transaction or series of transactions (other than an offering of the Company’s common
stock to the general public through a registration statement filed with the Securities and Exchange
Commission) whereby any “person” or related “group” of “persons” (as such terms are used in
Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) (other than the Company, any of its subsidiaries, an employee benefit plan maintained by the
Company or any of its subsidiaries or a “person” that, prior to such transaction, directly or
indirectly controls, is controlled by, or is under common control with, the Company) directly or
indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act)
of securities of the Company possessing more than forty percent (40%) of the total combined voting
power of the Company’s securities outstanding immediately after such acquisition;

               (ii) The individuals who, as of the date hereof are members of the Board (the “Incumbent
Board”), cease for any reason to constitute at least two-thirds of the members of the Board;
provided, however, that if the election, or nomination for election by the Company’s common
stockholders, of any new director was approved by a vote of at least two-thirds of the Incumbent
Board, such new director shall, for purposes of this Agreement, be considered as a member of the
Incumbent Board; provided, further, however, that no individual shall be considered a member of
the Incumbent Board if such individual initially assumed office as a result of either an actual or
threatened “Election Contest” (as described in Rule 14a-11 promulgated under the Exchange Act) or
other actual or threatened solicitation of proxies or consents by or on behalf of a Person other
than the Board (a “Proxy Contest”) including by reason of any agreement intended to avoid or settle
any Election Contest or Proxy Contest; or

 

 

               (iii) The consummation by the Company (whether directly involving the Company or indirectly
involving the Company through one or more intermediaries) of (x) a merger, consolidation,
reorganization, or business combination or (y) a sale or other disposition of all or substantially
all of the Company’s assets in any single transaction or series of related transactions or (z) the
acquisition of assets or stock of another entity, in each case other than a transaction:

                    (A) Which results in the Company’s voting securities outstanding immediately before the
transaction continuing to represent (either by remaining outstanding or by being converted into
voting securities of the Company or the person that, as a result of the transaction, controls,
directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of
the Company’s assets or otherwise succeeds to the business of the Company (the Company or such
person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting
power of the Successor Entity’s outstanding voting securities immediately after the transaction,
and

                    (B) After which no person or group beneficially owns voting securities representing forty
percent (40%) or more of the combined voting power of the Successor Entity; provided, however, that
no person or group shall be treated for purposes of this Section 1(c)(ii)(B) as beneficially owning
40% or more of combined voting power of the Successor Entity solely as a result of the voting power
held in the Company prior to the consummation of the transaction.

          The Board shall have full and final authority, which shall be exercised in its discretion, to
determine conclusively whether a Change in Control of the Company has occurred pursuant to the
above definition, and the date of the occurrence of such Change in Control and any incidental
matters relating thereto.

          (d) “Good Reason” shall mean the occurrence of any of the following events or conditions
without Executive’s written consent:

               (i) a material diminution in Executive’s authority, duties or responsibilities with the
Company, including, without limitation, the continuous assignment to Executive of any duties
materially inconsistent with Executive’s position with the Company, or a material negative change
in the nature or status of Executive’s responsibilities or the conditions of Executive’s employment
with the Company;

               (ii) a material diminution in Executive’s annualized cash and benefits compensation
opportunity, which shall include Executive’s base compensation, Executive’s annual target bonus
opportunity and Executive’s aggregate employee benefits (including equity compensation), as in
effect on the Effective Date as the same may be increased from time to time thereafter;

               (iii) a material change in the geographic location at which Executive must perform his or her
duties (and the Company and Executive agree that any involuntary relocation of the Company’s
offices at which Executive is principally employed to a location more than fifty (50) miles from
such location would constitute a material change); or

               (iv) any other action or inaction that constitutes a material breach by the Company or any
successor or affiliate of its obligations to Executive under this Agreement.

     Executive’s right to terminate employment with the Company pursuant to this section shall not
be affected by Executive’s incapacity due to physical or mental illness. Executive’s continued
employment with the Company shall not constitute consent to, or a waiver of rights with respect to,
any circumstance constituting Good Reason hereunder.

2

 

     Executive must provide written notice to the Company of the occurrence of any of the foregoing
events or conditions without Executive’s written consent within ninety (90) days of the occurrence
of such event. The Company or any successor or affiliate shall have a period of thirty (30) days
to cure such event or condition after receipt of written notice of such event from Executive. Any
voluntary Separation from Service for “Good Reason” following such thirty (30) day cure period must
occur no later than the date that is six (6) months following the initial occurrence of one of the
foregoing events or conditions without Executive’s written consent. Executive’s voluntary
Separation from Service by reason of resignation from employment with the Company for Good Reason
shall be treated as involuntary.

          (e) “Code” means the Internal Revenue Code of 1986, as amended, and the Treasury Regulations
and other interpretive guidance thereunder.

          (f) “Permanent Disability” means Executive’s inability to perform the essential functions of
his or her position, with or without reasonable accommodation, for a period of at least 120
consecutive days because of a physical or mental impairment.

          (g) “Separation from Service” means an involuntary separation from service within the meaning
of Section 409A of the Code.

          (h) “Stock Awards” means all stock options, restricted stock and such other awards granted
pursuant to the Company’s stock option and equity incentive award plans or agreements and any
shares of stock issued upon exercise thereof.

     2. Term.

          (a) The initial term of this Agreement (the “Initial Term”) shall continue until the earlier
of the one (1) year anniversary of the Effective Date or the date on which all payments or benefits
required to be made or provided hereunder have been made or provided in their entirety, except as
otherwise provided in this Section 2.

          (b) At the expiration of any term of this Agreement, the term of this Agreement shall be
automatically extended for an additional one year term unless the Company or the Executive shall
have previously provided notice to the other party that the term of this Agreement shall not be
further extended.

          (c) Notwithstanding the provisions of Sections 2(a) and (b), the then-effective Initial Term
or Renewal Term shall automatically be extended in the event that such term would otherwise expire
during the period commencing upon the first public announcement of a definitive agreement that
would result in a Change in Control (even though still subject to approval of the Company’s
stockholders and other conditions and contingencies) and ending on the date that is eighteen (18)
months following the occurrence of such Change in Control. Such extension shall be upon the terms
and conditions of this Agreement as then in effect, provided that such extension of the Term of
this Agreement shall expire upon the first to occur of the first public announcement of the
termination of such definitive agreement or the date that is eighteen (18) months following the
occurrence of such Change in Control.

          (d) Notwithstanding the provisions of Section 2(a) and 2(b), the obligation of the Company to
make payments or provide benefits pursuant to this Agreement to which Executive has acquired a
right in accordance with the applicable provisions of this Agreement prior to the expiration of the
then-effective Initial Term or Renewal Term shall survive the termination of this Agreement until
such payments and benefits have been provided in full.

3

 

     3. Severance.

          (a) If Executive has a Separation from Service as a result of Executive’s discharge by the
Company without Cause or by reason of Executive’s resignation for Good Reason, in either case (x)
within eighteen (18) months following a Change in Control or (y) two (2) months prior to a Change
in Control, Executive shall be entitled to receive, in lieu of any severance benefits to which
Executive may otherwise be entitled under any severance plan or program of the Company, the
benefits provided below, which, with respect to clause (ii) and the last sentence of clause (iii)
below, will be payable in a lump sum within ten (10) days following the effective date of
Executive’s Release, but in no event later than two and one-half (2 1/2) months following the last
day of the calendar year in which the date of Executive’s Separation from Service occurs:

               (i) The Company shall pay to Executive his or her fully earned but unpaid base salary, when
due, through the date of Executive’s Separation from Service at the rate then in effect, plus all
other the benefits, if any, under any Company group retirement plan, nonqualified deferred
compensation plan, equity award plan or agreement (other than any such plan or agreement pertaining
to Stock Awards whose treatment is prescribed by Section 3(a)(iii) below), health benefits plan or
other Company group benefit plan to which Executive may be entitled pursuant to the terms of such
plans or agreements at the time of Executive’s Separation from Service;

               (ii) Subject to Section 3(c) and Executive’s continued compliance with Section 4, Executive
shall be entitled to receive severance pay in an amount equal to _________ (___%) of Executive’s
aggregate annual base salary and target annual cash bonus as in effect immediately prior to the
date of Executive’s Separation from Services;

               (iii) Subject to Section 3(c) and Executive’s continued compliance with Section 4, for the
period beginning on the date of Executive’s Separation from Service and ending on the date which is
eighteen (18) full months following the date of Executive’s Separation from Service (or, if
earlier, the date on which the applicable continuation period under COBRA expires), the Company
shall arrange to provide Executive and his or her eligible dependents who were covered under the
Company’s health insurance plans as of the date of Executive’s Separation from Service with health
(including medical and dental) insurance and other benefits substantially similar to those provided
to Executive and his dependents immediately prior to the date of such Separation from Service. If
the Company is not reasonably able to continue health insurance benefits coverage under the
Company’s insurance plans, the Company shall provide substantially equivalent coverage under other
third-party insurance sources reasonably acceptable to Executive. If any of the Company’s health
benefits are self-funded as of the date of Executive’s Separation from Service, instead of
providing continued health insurance benefits as set forth above, the Company shall instead pay to
Executive an amount equal to eighteen (18) multiplied by the monthly premium Executive would be
required to pay for continuation coverage pursuant to the COBRA for Executive and his or her
eligible dependents who were covered under the Company’s health plans as of the date of Executive’s
Separation from Service (calculated by reference to the premium as of the date of Separation from
Service);

               (iv) Subject to Section 3(c) and Executive’s continued compliance with Section 4, the vesting
and/or exercisability of each of Executive’s outstanding Stock Awards shall be accelerated in full
effective as of the date of Executive’s Separation from Service. Nothing in this Section 3(a)(iv)
shall be construed to limit any more favorable vesting applicable to Executive’s Stock Awards in
the Company’s equity plan(s) and/or the stock award agreements under which the Stock Awards were
granted. The foregoing provisions are hereby deemed to be a part of each Stock Award and to
supersede any less favorable provision in any agreement or plan regarding such Stock Award; and

               (v) Notwithstanding any other provision of this Agreement to the contrary, any severance
benefits payable to Executive under this Agreement shall be reduced by any severance benefits
payable by the Company or an affiliate of the Company to such individual under any other

4

 

policy, plan, program, agreement or arrangement, including, without limitation, any severance
agreement between such individual and any entity.

          (b) Other Terminations. If Executive’s employment is terminated by the Company
without Cause or by Executive for Good Reason more than two (2) months prior to a Change in Control
or more than eighteen (18) months following a Change in Control, or at any time by the Company for
Cause, by Executive without Good Reason, or as a result of Executive’s death or Permanent
Disability, the Company shall not have any other or further obligations to Executive under this
Agreement (including any financial obligations).

          (c) Release. As a condition to Executive’s receipt of any post-termination benefits
pursuant to Section 3(a) above, Executive shall execute and not revoke a general release of all
claims in favor of the Company (the “Release”) in the form to that attached hereto as Exhibit A
(and any applicable revocation period applicable to such Release shall have expired) within the
sixty (60) day period following the date of Executive’s Separation from Service.

          (d) Exclusive Remedy. In the event of a termination of Executive’s employment with
the Company within the period two months prior to a Change in Control or 18 months after a Change
in Control, Executive’s sole remedy shall be to receive the payments and benefits described in this
Section 3 and except as otherwise expressly required by law (e.g., COBRA) or as specifically
provided herein, all of Executive’s rights to salary, severance, benefits, bonuses and other
amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease
upon such termination.

          (e) No Mitigation. Except as otherwise provided in Section 3(a)(iii) above, Executive
shall not be required to mitigate the amount of any payment provided for in this Section 3 by
seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for
in this Section 3 be reduced by any compensation earned by Executive as the result of employment by
another employer or self-employment or by retirement benefits; provided, however, that loans,
advances or other amounts owed by Executive to the Company may be offset by the Company against
amounts payable to Executive under this Section 3.

          (f) Return of the Company’s Property. If Executive’s employment is terminated for any
reason, the Company shall have the right, at its option, to require Executive to vacate his or her
offices prior to or on the effective date of termination and to cease all activities on the
Company’s behalf. Upon the termination of his or her employment in any manner, as a condition to
Executive’s receipt of any post-termination benefits described in this Agreement, Executive shall
immediately surrender to the Company all lists, books and records of, or in connection with, the
Company’s business, and all other property belonging to the Company, it being distinctly understood
that all such lists, books and records, and other documents, are the property of the Company.
Executive shall deliver to the Company a signed statement certifying compliance with this Section
3(g) prior to the receipt of any post-termination benefits described in this Agreement.

          (g) Best Pay Provision.

               (i) If any payment or benefit Executive would receive under this Agreement, when combined
with any other payment or benefit Executive receives pursuant to the termination of Executive’s
employment with the Company (“Payment”), would (A) constitute a “parachute payment” within the
meaning of Section 280G of the Code, and (B) but for this sentence, be subject to the excise tax
imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be either (1) the
full amount of such Payment or (2) such lesser amount (with cash payments being reduced before
stock option compensation) as would result in no portion of the Payment being subject to the Excise
Tax, whichever of the foregoing amounts, taking into account the applicable federal, state and
local

5

 

employment taxes, income taxes, and the Excise Tax, results in Executive’s receipt, on an after-tax
basis, of the greater amount of the Payment notwithstanding that all or some portion of the Payment
may be subject to the Excise Tax.

               (ii) All determinations required to be made under this Section 3(g), including whether and
to what extent the Payments shall be reduced and the assumptions to be utilized in arriving at such
determination, shall be made by the nationally recognized certified public accounting firm used by
the Company immediately prior to the effective date of the Change in Control or, if such firm
declines to serve, such other nationally recognized certified public accounting firm as may be
designated by the Company (the “Accounting Firm”). The Accounting Firm shall provide detailed
supporting calculations both to Executive and the Company at such time as is requested by the
Company. All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any
determination by the Accounting Firm shall be binding upon Executive and the Company. For purposes
of making the calculations required by this Section 3(g), the Accounting Firm may make reasonable
assumptions and approximations concerning applicable taxes and may rely on reasonable, good-faith
interpretations concerning the application of Sections 280G and 4999 of the Code.

     4. Confidentiality and Proprietary Rights. Executive and the Company have executed
the Company’s Employee Proprietary Information and Inventions Agreement. The Company shall be
entitled to cease all severance payments and benefits to Executive in the event of his or
her material breach of this Section 4.

     5. Agreement to Arbitrate. Any dispute, claim or controversy based on, arising out of
or relating to Executive’s employment or this Agreement shall be settled by final and binding
arbitration in San Diego, California, before a single neutral arbitrator in accordance with the
National Rules for the Resolution of Employment Disputes (the “Rules”) of the American Arbitration
Association (“AAA”), and judgment on the award rendered by the arbitrator may be entered in any
court having jurisdiction. Arbitration may be compelled pursuant to the California Arbitration Act
(Code of Civil Procedure §§ 1280 et seq.). If the parties are unable to agree upon
an arbitrator, one shall be appointed by the AAA in accordance with its Rules. At the election of
Executive, expedited arbitration procedures under AAA may be employed for such dispute. Each party
shall pay the fees of its own attorneys, the expenses of its witnesses and all other expenses
connected with presenting its case; provided, however, the Company acknowledges and agrees that
Executive shall be entitled to indemnification for such fees and expenses under applicable
indemnification agreements or the Company’s charter and bylaws, as applicable; provided, further
that the parties’ obligations pursuant to this sentence shall terminate on the tenth
(10th) anniversary of the date of Executive’s termination of employment. Other costs of
the arbitration, including the cost of any record or transcripts of the arbitration, AAA’s
administrative fees, the fee of the arbitrator, and all other fees and costs, shall be borne by the
Company. This Section 5 is intended to be the exclusive method for resolving any and all claims by
the parties against each other for payment of damages under this Agreement or relating to
Executive’s employment; provided, however, that neither this Agreement nor the submission to
arbitration shall limit the parties’ right to seek provisional relief, including without limitation
injunctive relief, in any court of competent jurisdiction pursuant to California Code of Civil
Procedure § 1281.8 or any similar statute of an applicable jurisdiction. Seeking any such relief
shall not be deemed to be a waiver of such party’s right to compel arbitration. Both Executive and
the Company expressly waive their right to a jury trial.

     6. At-Will Employment Relationship. Executive’s employment with the Company is
at-will and not for any specified period and may be terminated at any time, with or without Cause
or advance notice, by either Executive or the Company. Any change to the at-will employment
relationship must be by specific, written agreement signed by Executive and an authorized
representative of the Company. Nothing in this Agreement is intended to or should be construed to
contradict, modify or alter this at-will relationship.

6

 

     7. General Provisions.

          7.1 Successors and Assigns. The rights of the Company under this Agreement may,
without the consent of Executive, be assigned by the Company, in its sole and unfettered
discretion, to any person, firm, corporation or other business entity which at any time, whether by
purchase, merger or otherwise, directly or indirectly, acquires all or substantially all of the
assets or business of the Company. The Company will require any successor (whether direct or
indirect, by purchase, merger or otherwise) to all or substantially all of the business or assets
of the Company expressly to assume and to agree to perform this Agreement in the same manner and to
the same extent that the Company would be required to perform it if no such succession had taken
place; provided, however, that no such assumption shall relieve the Company of its obligations
hereunder; provided, further, that the failure of any such successor to so assume this Agreement
shall constitute a material breach of this Agreement. As used in this Agreement, the “Company”
shall mean the Company as hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise.
Executive shall not be entitled to assign any of Executive’s rights or obligations under this
Agreement. This Agreement shall inure to the benefit of and be enforceable by Executive’s personal
or legal representatives, executors, administrators, successors, heirs, distributees, devisees and
legatees.

          7.2 Severability. In the event any provision of this Agreement is found to be
unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed
modified to the extent necessary to allow enforceability of the provision as so limited, it being
intended that the parties shall receive the benefit contemplated herein to the fullest extent
permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator
or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability
of the remaining provisions shall not be affected thereby.

          7.3 Interpretation; Construction. The headings set forth in this Agreement are for
convenience only and shall not be used in interpreting this Agreement. This Agreement has been
drafted by legal counsel representing the Company, but Executive has participated in the
negotiation of its terms. Furthermore, Executive acknowledges that Executive has had an
opportunity to review and revise the Agreement and have it reviewed by legal counsel, if desired,
and, therefore, the normal rule of construction to the effect that any ambiguities are to be
resolved against the drafting party shall not be employed in the interpretation of this Agreement.
Either party’s failure to enforce any provision of this Agreement shall not in any way be construed
as a waiver of any such provision, or prevent that party thereafter from enforcing each and every
other provision of this Agreement.

          7.4 Governing Law and Venue. This Agreement will be governed by and construed in
accordance with the laws of the United States and the State of California applicable to contracts
made and to be performed wholly within such State, and without regard to the conflicts of laws
principles thereof. Any suit brought hereon shall be brought in the state or federal courts
sitting in San Diego County, California, the Parties hereby waiving any claim or defense that such
forum is not convenient or proper. Each party hereby agrees that any such court shall have in
personam jurisdiction over it and consents to service of process in any manner authorized by
California law.

          7.5 Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be delivered as follows with notice deemed given as indicated: (a) by personal delivery
when delivered personally; (b) by overnight courier upon written verification of receipt; (c) by
telecopy or facsimile transmission upon acknowledgment of receipt of electronic transmission; or
(d) by certified or registered mail, return receipt requested, upon verification of receipt.
Notice shall be sent to Executive at the address set forth below and to the Company at its
principal place of business, or such other address as either party may specify in writing.

7

 

          7.6 Survival. Sections 1 (“Definitions”), 3 (“Severance”), 4 (“Confidentiality and
Proprietary Rights”), 5 (“Agreement to Arbitrate”) and 7 (“General Provisions”) of this Agreement
shall survive termination of Executive’s employment by the Company.

          7.7 Entire Agreement. This Agreement and the Company Confidentiality and Proprietary
Rights Agreement incorporated herein by reference together constitute the entire agreement between
the parties in respect of the subject matter contained herein and therein and supersede all prior
or simultaneous representations, discussions, negotiations, and agreements, whether written or
oral. This Agreement may be amended or modified only with the written consent of Executive and an
authorized representative of the Company. No oral waiver, amendment or modification will be
effective under any circumstances whatsoever.

          7.8 Code Section 409A Exempt.

               (a) This Agreement is not intended to provide for any deferral of compensation subject to
Section 409A of the Code, and, accordingly, the severance payments payable under Section 7(d) shall
be paid no later than the later of: (i) the fifteenth (15th) day of the third month
following Executive’s first taxable year in which such severance benefit is no longer subject to a
substantial risk of forfeiture, and (ii) the fifteenth (15th) day of the third month
following first taxable year of the Company in which such severance benefit is no longer subject to
substantial risk of forfeiture, as determined in accordance with Code Section 409A and any Treasury
Regulations and other guidance issued thereunder. To the extent applicable, this Agreement shall
be interpreted in accordance with Code Section 409A and Department of Treasury regulations and
other interpretive guidance issued thereunder.

               (b) If the Executive is a “specified employee” (as defined in Section 409A of the Code), as
determined by the Company in accordance with Section 409A of the Code, on the date of the
Executive’s Separation from Service, to the extent that the payments or benefits under this
Agreement are subject to Section 409A of the Code and the delayed payment or distribution of all or
any portion of such amounts to which Executive is entitled under this Agreement is required in
order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, then such
portion deferred pursuant to this Section 7.8(b) shall be paid or distributed to Executive in a
lump sum on the earlier of (a) the date that is six (6)-months following Executive’s Separation
from Service, (b) the date of Executive’s death or (c) the earliest date as is permitted under
Section 409A of the Code. Any remaining payments due under the Agreement shall be paid as
otherwise provided herein.

          7.9 Consultation with Legal and Financial Advisors. By executing this Agreement,
Executive acknowledges that this Agreement confers significant legal rights, and may also involve
the waiver of rights under other agreements; that the Company has encouraged Executive to consult
with Executive’s personal legal and financial advisors; and that Executive has had adequate time to
consult with Executive’s advisors before executing this Agreement.

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

(Signature Page Follows)

8

 

     THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND
EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES
SHOWN BELOW.

	 	 	 	 	 
	 	ViaSat, Inc.

 	 
	Dated:                                          	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Executive

 	 
	Dated:                                          	 	 
	 	Address: 	 	 
	 	 	 	 

9

 

	 	 	 	 	 

EXHIBIT A

GENERAL RELEASE OF CLAIMS

     [The language in this Release may change based on legal developments and evolving best
practices; this form is provided as an example of what will be included in the final Release
document.]

     This General Release of Claims (“Release”)
 is entered into as of this ______ day of ______,
______, between ______ (“Executive”), and ViaSat, Inc., a Delaware corporation (the “Company”)
(collectively referred to herein as the “Parties”).

     WHEREAS, Executive and the Company are parties to that certain Change in Control Severance
Agreement dated as of ______, 20___ (the “Agreement”);

     WHEREAS, the Parties agree that Executive is entitled to certain severance benefits under the
Agreement, subject to Executive’s execution of this Release; and

     WHEREAS, the Company and Executive now wish to fully and finally to resolve all matters
between them.

     NOW, THEREFORE, in consideration of, and subject to, the severance benefits payable to
Executive pursuant to the Agreement, the adequacy of which is hereby acknowledged by Executive, and
which Executive acknowledges that he or she would not otherwise be entitled to receive, Executive
and the Company hereby agree as follows:

     1. General Release of Claims by Executive.

          (a) Executive, on behalf of himself or herself and his or her executors, heirs,
administrators, representatives and assigns, hereby agrees to release and forever discharge the
Company and all predecessors, successors and their respective parent corporations, affiliates,
related, and/or subsidiary entities, and all of their past and present investors, directors,
shareholders, officers, general or limited partners, employees, attorneys, agents and
representatives, and the employee benefit plans in which Executive is or has been a participant by
virtue of his or her employment with or service to the Company (collectively, the “Company
Releasees”), from any and all claims, debts, demands, accounts, judgments, rights, causes of
action, equitable relief, damages, costs, charges, complaints, obligations, promises, agreements,
controversies, suits, expenses, compensation, responsibility and liability of every kind and
character whatsoever (including attorneys’ fees and costs), whether in law or equity, known or
unknown, asserted or unasserted, suspected or unsuspected (collectively, “Claims”), which Executive
has or may have had against such entities based on any events or circumstances arising or occurring
on or prior to the date hereof or on or prior to the date hereof, arising directly or indirectly
out of, relating to, or in any other way involving in any manner whatsoever Executive’s employment
by or service to the Company or the termination thereof, including any and all claims arising under
federal, state, or local laws relating to employment, including without limitation claims of
wrongful discharge, breach of express or implied contract, fraud, misrepresentation, defamation, or
liability in tort, and claims of any kind that may be brought in any court or administrative agency
including, without limitation, claims under Title VII of the Civil Rights Act of 1964, as amended,
42 U.S.C. Section 2000, et seq.; the Americans with Disabilities Act, as amended,
42 U.S.C. § 12101 et seq.; the Rehabilitation Act of 1973, as amended, 29 U.S.C. §
701 et seq.; the Civil Rights Act of 1866, and the Civil Rights Act of 1991; 42
U.S.C. Section 1981, et seq.; the Age Discrimination in Employment Act, as amended,
29 U.S.C. Section 621, et seq. (the “ADEA”); the Equal Pay Act, as amended, 29
U.S.C. Section 206(d); regulations of the

 

 

Office of Federal Contract Compliance, 41 C.F.R. Section 60, et seq.; the
Family and Medical Leave Act, as amended, 29 U.S.C. § 2601 et seq.; the Fair Labor
Standards Act of 1938, as amended, 29 U.S.C. § 201 et seq.; the Employee Retirement
Income Security Act, as amended, 29 U.S.C. § 1001 et seq.; and the California Fair
Employment and Housing Act, California Government Code Section 12940, et seq.

     Notwithstanding the generality of the foregoing, Executive does not release the following
claims:

     (i) Claims for unemployment compensation or any state disability insurance benefits
pursuant to the terms of applicable state law;

     (ii) Claims for workers’ compensation insurance benefits under the terms of any
worker’s compensation insurance policy or fund of the Company;

     (iii) Claims pursuant to the terms and conditions of the federal law known as COBRA;

     (iv) Claims for indemnity under the bylaws of the Company, as provided for by
California law or under any applicable insurance policy with respect to Executive’s
liability as an employee, director or officer of the Company;

     (v) Claims based on any right Executive may have to enforce the Company’s executory
obligations under the Agreement; and

     (vi) Claims Executive may have to vested or earned compensation and benefits.

          (b) EXECUTIVE ACKNOWLEDGES THAT HE OR SHE HAS BEEN ADVISED OF 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.”

     BEING AWARE OF SAID CODE SECTION, EXECUTIVE HEREBY EXPRESSLY WAIVES ANY RIGHTS HE OR SHE MAY
HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT.

          (c) Executive acknowledges that this Release was presented to him or her on the date indicated
above and that Executive is entitled to have twenty-one (21) days’ time in which to consider it.
Executive further acknowledges that the Company has advised him or her that he or she is waiving
his or her rights under the ADEA, and that Executive should consult with an attorney of his or her
choice before signing this Release, and Executive has had sufficient time to consider the terms of
this Release. Executive represents and acknowledges that if Executive executes this Release before
twenty-one (21) days have elapsed, Executive does so knowingly, voluntarily, and upon the advice
and with the approval of Executive’s legal counsel (if any), and that Executive voluntarily waives
any remaining consideration period.

          (d) Executive understands that after executing this Release, Executive has the right to revoke
it within seven (7) days after his or her execution of it. Executive understands that this Release
will not become effective and enforceable unless the seven (7) day revocation period passes and

2 

 

Executive does not revoke the Release in writing. Executive understands that this Release may
not be revoked after the seven (7) day revocation period has passed. Executive also understands
that any revocation of this Release must be made in writing and delivered to the Company at its
principal place of business within the seven (7) day period.

          (e) Executive understands that this Release shall become effective, irrevocable, and binding
upon Executive on the eighth (8th) day after his or her execution of it, so long as
Executive has not revoked it within the time period and in the manner specified in clause (d)
above. Executive further understands that Executive will not be given any severance benefits under
the Agreement unless this Release is effective on or before the date that is sixty (60) days
following the date of Executive’s termination of employment.

     2. No Assignment. Executive represents and warrants to the Company Releasees that
there has been no assignment or other transfer of any interest in any Claim that Executive may have
against the Company Releasees. Executive agrees to indemnify and hold harmless the Company
Releasees from any liability, claims, demands, damages, costs, expenses and attorneys’ fees
incurred as a result of any such assignment or transfer from Executive.

     3. Severability. In the event any provision of this Release is found to be
unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed
modified to the extent necessary to allow enforceability of the provision as so limited, it being
intended that the parties shall receive the benefit contemplated herein to the fullest extent
permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator
or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability
of the remaining provisions shall not be affected thereby.

     4. Interpretation; Construction. The headings set forth in this Release are for
convenience only and shall not be used in interpreting this Agreement. This Release has been
drafted by legal counsel representing the Company, but Executive has participated in the
negotiation of its terms. Furthermore, Executive acknowledges that Executive has had an
opportunity to review and revise the Release and have it reviewed by legal counsel, if desired,
and, therefore, the normal rule of construction to the effect that any ambiguities are to be
resolved against the drafting party shall not be employed in the interpretation of this Release.
Either party’s failure to enforce any provision of this Release shall not in any way be construed
as a waiver of any such provision, or prevent that party thereafter from enforcing each and every
other provision of this Release.

     5. Governing Law and Venue. This Release will be governed by and construed in
accordance with the laws of the United States of America and the State of California applicable to
contracts made and to be performed wholly within such State, and without regard to the conflicts of
laws principles thereof. Any suit brought hereon shall be brought in the state or federal courts
sitting in San Diego, California, the Parties hereby waiving any claim or defense that such forum
is not convenient or proper. Each party hereby agrees that any such court shall have in personam
jurisdiction over it and consents to service of process in any manner authorized by California law.

     6. Entire Agreement. This Release and the Agreement constitute the entire agreement
of the Parties in respect of the subject matter contained herein and therein and supersede all
prior or simultaneous representations, discussions, negotiations and agreements, whether written or
oral. This Release may be amended or modified only with the written consent of Executive and an
authorized representative of the Company. No oral waiver, amendment or modification will be
effective under any circumstances whatsoever.

3 

 

     7. Counterparts. This Release may be executed in multiple counterparts, each of which
shall be deemed to be an original but all of which together shall constitute one and the same
instrument.

(Signature Page Follows)

4 

 

     IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed the foregoing
Release as of the date first written above.

	 	 	 	 	 

	Executive

	 	ViaSat, Inc.
	 
	 	By:	 	 
	Print Name:  

	 	 	
	Print Name:  	 
	 

	 	 	 	Title:	 

5 

 

EXHIBIT B

COMPANY EMPLOYEE PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT

 

 

SCHEDULE I TO EXHIBIT 10.1

As of the date of filing this report, the Company has entered into this form of Change in
Control Severance Agreement with the executive officers of the Company listed below. In accordance
with Instruction 2 to Item 601 of Regulation S-K, the Company has filed only the form of such
agreement as the agreements are substantially identical in all material respects, except as to the
parties thereto and, in Section 3(a)(ii) of the agreements, the percentage of annual base salary
and target annual cash bonus included in the severance payment. The Company agrees to furnish the
agreements at the request of the SEC.

	 	 	 	 	 
	Name	 	Percentage
	Mark D. Dankberg
	 	 	300	%
	Richard A. Baldridge
	 	 	300	%
	H. Stephen Estes
	 	 	200	%
	Kevin J. Harkenrider
	 	 	200	%
	Steven R. Hart
	 	 	200	%
	Keven K. Lippert
	 	 	200	%
	Mark J. Miller
	 	 	200	%
	Thomas E. Moore
	 	 	200	%
	Ronald G. Wangerin
	 	 	200	%

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