Document:

Settlement Agreement and Release, dated September 15, 2003

 Exhibit 10.2 
  
 SETTLEMENT AGREEMENT AND RELEASE 
  
 This Settlement Agreement and Release (“Settlement Agreement”) is entered into as of September l5, 2003, by and
between Daniel Jochnowitz (“JOCHNOWITZ”) and ZiLOG, Inc. (“ZiLOG”). All references in this Settlement Agreement to a “Party” or “the Parties” shall refer only to a party or the parties to this Settlement
Agreement. 
  
 RECITALS 
  
 A. In or about June 2001, JOCHNOWITZ commenced employment with ZiLOG in the
position of Vice President, General Counsel and Secretary. The Parties executed a written employment agreement dated as of May 14, 2002 (the “Employment Agreement”) memorializing the terms of JOCHNOWITZ’s employment. 
  
 B. On or about May 2, 2003, ZiLOG terminated JOCHNOWITZ’s employment.

  
 C. On or about June 6, 2003, JOCHNOWITZ filed a Demand for
Arbitration Before JAMS (the “Arbitration Demand”) against ZiLOG. JOCHNOWITZ’s legal claims, and the underlying factual allegations which, without limitation, are set forth in the Arbitration Demand, are referred to herein as the
“JOCHNOWITZ Claims.” 
  
 D. ZiLOG filed an Answer to the
Arbitration Demand, denying generally all allegations, and raising various affirmative defenses. ZiLOG has denied and continues to deny each and every one of the JOCHNOWITZ Claims, without exception 
  
 E. The Parties now wish to resolve all differences between them and hereto
have determined to enter into this Settlement Agreement to settle and resolve any and all disputes concerning the allegations in the Arbitration Demand, including but not limited to those concerning JOCHNOWITZ’s employment with ZiLOG, and those
concerning the Employment Agreement. 
  
 NOW THEREFORE and in
consideration of the mutual covenants and obligations set forth herein, the adequacy and sufficiency of which are acknowledged, the Parties hereby agree in good faith as follows: 
  
 EXECUTION OF SETTLEMENT AGREEMENT 
  
 1. JOCHNOWITZ will deliver to ZiLOG an executed version of this Settlement Agreement and an executed Request for Dismissal
with Prejudice of the Arbitration Demand in its entirety (these documents are collectively referred to as the “Settlement Documents”). ZiLOG may not file the dismissal with the JAMS Arbitrator, San Jose locale until after it has executed
this Settlement Agreement and delivered the Settlement Payment in accordance with paragraph 2 below. 

 SETTLEMENT PAYMENT 
  
 2. Eight (8) calendar days after receiving the Settlement Documents, ZiLOG shall deliver in person at a time during normal
business hours to be agreed between ZiLOG and JOCHNOWITZ a check made payable to “Daniel M. Jochnowitz” in the amount of $184,034.00, less only legally required withholdings (the “Settlement Payment”). The Settlement Payment
represents 10 months salary, based on Mr. JOCHNOWITZ’s salary as of May 2, 2003 and a lump sum payment of $13,200 which the Parties agree will reimburse JOCHNOWITZ for medical benefits for one year. JOCHNOWITZ agrees and acknowledges that the
lump sum payment for medical benefits is based on a good faith estimate of the amount of the cost of the medical benefits and will not be readjusted under any circumstances. 
  
 3. JOCHNOWITZ agrees that, with the exception of the payments described in this Settlement Agreement, as of the effective
date of this Settlement Agreement, he has been paid all compensation and received all benefits from ZiLOG to which he was, and/or is entitled as a result of, or arising from, his employment at ZiLOG including without limitation any and all wages
and/or benefits. 
  
 4. JOCHNOWITZ acknowledges that payment of
the Settlement Payment described above is not required by any of ZiLOG’s policies and/or procedures, but is instead the result of good faith negotiation between the Parties. 
  
 WARRANTIES 
  

5. JOCHNOWITZ agrees that his employment relationship with ZiLOG ended on May 2, 2003, and further acknowledges that he has been paid all compensation
and received all benefits to which he was, and/or is entitled as a result of, or arising from, his employment at ZiLOG or the Employment Agreement, including without limitation any and all wages and/or benefits. JOCHNOWITZ agrees and acknowledges
that he has not suffered any type of industrial or work-related injury as a result of his employment with ZiLOG and that he is not entitled to any workers’ compensation benefits by reason of the same. ZiLOG shall instruct each of its officers
and its Human Resources Department that if they receive any inquiries concerning JOCHNOWITZ’s employment at ZiLOG, they will only confirm JOCHNOWITZ’s position at ZiLOG, the dates of his employment and his salary. JOCHNOWITZ agrees and
acknowledges that he will not initiate contact with any ZiLOG employees at his/her/their company assigned telephone numbers or through company domain names unless the communication involves legitimate company-related business. Any discussions
relating to the Settlement Agreement, the negotiations relating thereto or the fact, or amount, of the Settlement Payment do not constitute legitimate company-related business. 
  
 6. JOCHNOWITZ agrees and warrants that, with the sole exception of the Arbitration Demand, as of the time of execution of
this Settlement Agreement, he has not filed any complaints, charges, applications, grievances, or lawsuits against ZiLOG with any governmental agency or court, including, but not limited to, the Securities Exchange Commission, Department of Fair
Employment and Housing, the United States Equal 
  

 2 

 Employment Opportunity Commission, the Division of Labor Standards Enforcement, the California Superior Court or the
United States District Court, or in any other forum whatsoever. 
  
 7. Each Party warrants and represents that it has not heretofore assigned or transferred, or purported to assign or transfer, to any person or entity, any claim or portion thereof, or interest therein, which such Party may have against the
other Party. Each Party agrees to indemnify, defend and hold the other Party harmless from and against any and all claims, based on or arising out of any such assignment or transfer, or purported assignment or transfer of any claims or portion
thereof or interest therein. 
  
 8. ZiLOG warrants and represents
that it will defend and indemnify JOCHNOWITZ, including reasonable attorney fees, for any and all claims, actions, or lawsuits made and/or filed against him for actions taken and/or conduct arising out of the course and scope of his duties as an
officer of ZiLOG to the same and to the fullest extent provided for the officers and directors of ZiLOG under its Articles of Incorporation, its bylaws, any agreement and/or any insurance policy. 
  
 9. Each Party warrants and acknowledges that it is solely responsible for any
and all attorney fees and/or other costs that it incurred with respect to the dispute regarding the Employment Agreement or the Arbitration Demand, including, without limitation, this Settlement Agreement; provided that ZiLOG specifically warrants
and acknowledges that it is solely responsible for any and all costs associated with the arbitrator and the arbitration under JAMS. 
  
 RELEASES 
  
 10. RELEASE BY JOCHNOWITZ 
  
 Except for obligations created herein, JOCHNOWITZ on behalf of himself, his agents, spouse, heirs, assigns, attorneys and representatives,
hereby irrevocably and unconditionally releases, acquits and forever discharges ZiLOG, and each of its owners, parents, subsidiaries, predecessors, successors, affiliates, administrators, representatives, executors, assigns, and insurers and each
and all off their agents, directors, officers, employees, former employees, representatives, attorneys, partners, and stockholders, and all persons acting by, through, under, or in concert with any of them, (collectively, the “ZiLOG
Releasees”) from any and all Arbitration Demands, charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights, demands, costs, losses, judgments, debts and
expenses of any nature whatsoever, known or unknown, suspected or unsuspected, fixed or contingent (“JOCHNOWITZ Claim” or “JOCHNOWITZ Claims”) which JOCHNOWITZ now has, owns, holds, or claims to have, claims to own, or claims to
hold, or which JOCHNOWITZ at any time heretofore had, owned, held or claimed to have, claimed to own, or claimed to hold, or which JOCHNOWITZ at any time hereafter may have, own, hold or claim to have, claim to own, or claim to hold, against the
ZiLOG Releasees through the date of the execution of this Settlement Agreement, including, without limitation, any and all Claims asserted in his Arbitration 
  

 3 

 Demand, and further including, without limitation, any and all claims which might arise, or might have
arisen, against the ZiLOG Releasees, under any contract or policy, whether such contract or policy is written or oral, express or implied, and any claims based upon any federal, state or local common law, statutes, orders or regulations including,
but not limited to, those prohibiting discrimination on account of race, color, creed, religion, sex, sexual harassment, national origin, age (including the Age Discrimination in Employment Act of 1967 (“ADEA”), as amended), handicap or
mental or physical disability, perceived handicap or perceived mental or physical disability, marital status, height, weight or sexual preference or orientation including, but not limited to, the California Fair Employment and Housing Act, Cal.
Gov’t Code §§ 12900 et seq., 42 U.S.C. §§ 2000e et seq. (“Title VII”), the Americans with Disabilities Act, 42 U.S.C. § 12101 et seq. (“ADA”), the California Moore—Brown—Roberti Family
Rights Act, Cal. Govt Code § 12945.2, the Family and Medical Leave Act, 29 U.S.C. §§ 2601 et seq., Labor Code §§ 132a 1101, 1102 and 1102.2, the Workers’ Compensation Act, Labor Code §§ 3600 et seq., Section
806 of the Sarbanes Oxley Act, 15 U.S.C. § 7201 et seq., and/or any claims arising under any federal or state labor law. 
  
 10. RELEASE BY ZiLOG 
  
 Except for obligations created herein, ZiLOG on behalf of itself, its officers, directors, owners, agents, parents, subsidiaries,
predecessors, successors, affiliates, administrators, representatives, executors, and assigns hereby irrevocably and unconditionally releases, acquits and forever discharges JOCHNOWITZ and each of his agents, spouse, heirs, assigns, attorneys and
representatives (collectively, the “JOCHNOWITZ Releasees”) from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights, demands, costs,
losses, judgments, debts and expenses of any nature whatsoever, known or unknown, suspected or unsuspected, fixed or contingent (“ZiLOG Claim” or “ZiLOG Claims”) which ZiLOG now has, owns, holds, or claims to have, claims to own,
or claims to hold, or which ZiLOG at any time heretofore had, owned, held or claimed to have, claimed to own, or claimed to hold, or which ZiLOG at any time hereafter may have, own, hold or claim to have, claim to own, or claim to hold, against the
JOCHNOWITZ Releasees through the date of the execution of this Settlement Agreement, including, without limitation, (a) the Employment Agreement, (b) JOCHNOWITZ’S employment with ZiLOG, (c) any alleged violation of any of JOCHNOWITZ’S
legal or ethical obligations or (d) the Arbitration Demand and further including, without limitation, any and all claims which might arise, or might have arisen, against the JOCHNOWITZ Releasees, under any contract or policy, whether such contract
or policy is written or oral, express or implied, and any claims based upon any federal, state or local common law, statutes, orders or regulations. 
  
 WAIVER OF CALIFORNIA CIVIL CODE SECTION 1542 
  
 11. In furtherance of this intention, the Parties acknowledge that they are familiar with Section 1542 of the California Civil Code which provides as
follows: 
  

 4 

 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT NOW 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. 
  
 The Parties hereby waive and relinquish every right or benefit which they may have under Section 1542 of the California Civil Code to the extent that they may lawfully
waive such right or benefit pertaining to the subject matter of this Settlement Agreement. In connection with such waiver and relinquishment, the Parties acknowledge that they are aware that they may hereafter discover facts in addition to, or
different from those which they now know or believe to be true with respect to the subject matter of this Settlement Agreement, but that it is their intention hereby fully, finally and forever to settle and release all released matters. In
furtherance of such intention, the releases given herein shall be and remain in effect as complete releases, notwithstanding the discovery or existence of any such additional facts. JOCHNOWITZ expressly acknowledges that this Settlement Agreement is
intended to include in its effect, without limitation, all JOCHNOWITZ Claim or Claims, which JOCHNOWITZ does not know or suspect to exist in his favor at the time of execution hereof, and that this Settlement Agreement contemplates the
extinguishment of any such JOCHNOWITZ Claim or Claims. ZiLOG expressly acknowledges that this Settlement Agreement is intended to include in its effect, without limitation, all ZiLOG Claim or Claims, which ZiLOG does not know or suspect to exist in
its favor at the time of execution hereof and that this Settlement Agreement contemplates the extinguishment of any such ZiLOG Claim or Claims. 
  
 NO ADMISSION OF LIABILITY. 
  
 12. This Settlement Agreement shall not be construed as an admission by ZiLOG or any current or former employee or agent of ZiLOG that they have acted
wrongfully with respect to JOCHNOWITZ or any other person(s) or at all or that JOCHNOWITZ has or had any valid claims whatsoever against ZiLOG either directly or as a consequence of any actions of ZiLOG’s current or former employees and ZiLOG
specifically disclaims any liability to and denies any wrongful acts against JOCHNOWITZ. 
  
 13. This Settlement Agreement shall not be construed as an admission by JOCHNOWITZ that he has acted wrongfully with respect to ZiLOG or any other person(s) or at all or that ZiLOG has or had any valid claims
whatsoever against JOCHNOWITZ and JOCHNOWITZ specifically disclaims any liability to and denies any wrongful acts against ZiLOG or any other person(s). 
  
 REPRESENTATIONS 
  
 14. The Parties represent and warrant that they have full and complete authority to enter into and execute this Settlement Agreement under the terms set
forth herein. 
  

 5 

 15. The Parties represent that they have each read this Settlement Agreement, and each is fully aware of
and understands all of its terms and the legal consequences thereof. The Parties represent that they have consulted or have had the opportunity to consult with and have received or have had the opportunity to receive advice from independent legal
counsel in connection with their review and execution of this Settlement Agreement. 
  
 16. The Parties represent and acknowledge that this Settlement Agreement was negotiated at “arms length,” and that in executing this Settlement Agreement they do not rely, and have not relied, upon any
representation or statement not set forth herein, or any made by any Party hereto, or any Party’s agents, attorneys, or representatives with regard to the subject matter, basis or effect of this Settlement Agreement, or otherwise, and indeed
both Parties acknowledge that they may not have entered into this Settlement Agreement had they known information of which they are unaware, but that they each have nonetheless determined to resolve this matter through a settlement. 
  
 17. Each Party represents and warrants that neither the execution nor the
compliance with the terms of this Settlement Agreement will (i) to the best of such Party’s knowledge, conflict with any existing provision of applicable law or any existing order, rule, regulation, judgment or decree of any court, arbitrator
or agency of government, (ii) violate, conflict with, breach or constitute a default under any term, provision or condition of any obligation or instrument to which such Party is a party, or (iii) to the best of such Party’s knowledge, violate
any order, writ, injunction, decree, statute, rule or regulation applicable to such Party. 
  
 18. CONFIDENTIALITY 
  
 a. As an inducement and material term of this Settlement Agreement, JOCHNOWITZ represents and warrants that, as of the time he signs this Settlement Agreement, he has not disclosed the financial terms of this
Settlement Agreement, or any financial offer made by the Company in the negotiations leading thereto, to anyone other than his attorneys and spouse, parents, siblings and further represents and warrants that he has instructed these individuals that
they are not to mention this Settlement Agreement or its financial terms to anyone else except as specified in this Settlement Agreement, and to the best of his knowledge, that such individuals have not made any such prohibited disclosure, and that
he accepts responsibility under this Settlement Agreement for any such disclosure by them. JOCHNOWITZ, on behalf of himself and his counsel, agrees that he will keep this Settlement Agreement, its terms and the negotiation thereof strictly and
completely confidential, including the fact that he received a monetary amount and the amount of the Settlement Payment (the “Confidential Information”). JOCHNOWITZ’s disclosure of any Confidential Information, except as expressly
permitted in subparagraphs (i), (ii), (iii) and (iv) immediately below, does and will constitute a material breach of the Settlement Agreement. JOCHNOWITZ expressly agrees that he will not disclose the Confidential Information to any person or
entity, except as follows: 
  

 6 

 (i) The amount of the Settlement Payment may be disclosed to JOCHNOWITZ’s lawyers,
accountants, or financial professionals for normal accounting and tax preparation, as long as such lawyers, accountants and financial professionals agree and are instructed that the confidentiality of the Confidential Information must be maintained;

  
 (ii) JOCHNOWITZ’s spouse, parents and
siblings; 
  
 (iii) As required by law to respond
to a properly served subpoena or otherwise, in which event JOCHNOWITZ agrees to promptly notify ZiLOG of the subpoena and, to the extent reasonably possible, afford ZiLOG, at its sole cost, time to seek a protective order or other such relief before
any information or documents are disclosed or produced by JOCHNOWITZ; 
  
 (iv) the lawyers and relevant staff of JOCHNOWITZ’s current counsel. 
  
 b. Except as specified in subparagraph (i)-(iv), above, under no circumstances will JOCHNOWITZ disclose any Confidential Information to
outside advisors other than those set forth above. Further, JOCHNOWITZ will instruct his outside advisors that they are prohibited from disclosing to any person or entity any Confidential Information in their possession and from using any
Confidential Information. for any purpose. All papers in the custody or control of JOCHNOWITZ and his counsel containing, referring, or relating to the Confidential Information (including but not limited to, correspondence, notes, or other documents
generated during negotiations) are expressly governed by this confidentiality provision, and must be held in strictest confidence. 
  
 c. JOCHNOWITZ and his attorneys Newton, Kastner & Remmel will not voluntarily make any statements regarding the resolution of this
matter to any person, entity, agency and/or business that is not a Party to this Settlement Agreement, except that if JOCHNOWITZ and/or Newton, Kastner & Remmel are asked they may only say that “the matter has been resolved.”

  
 d. ZILOG agrees, on behalf of itself and its
officers that it will keep the Confidential Information strictly and completely confidential, and will not voluntarily make any statements regarding the resolution of this matter to any person, entity, agency and/or business that is not a party to
this Settlement Agreement, except that it may divulge information to the individuals charged with implementing the Settlement Payment to JOCHNOWITZ. ZiLOG’s disclosure of any Confidential Information, except as expressly permitted in this
Settlement Agreement does and will constitute a material breach of the Settlement Agreement. ZiLOG represents and warrants that the parties to whom disclosure is permitted under this paragraph have been or will be instructed that they are not to
mention this Settlement Agreement or its financial terms to anyone else except as specified in this Settlement Agreement, and to the best of its knowledge, that such parties have not made any such prohibited disclosure and that it accepts
responsibility under this Settlement Agreement for any such disclosure by them. ZILOG 
  

 7 

 and its officers and any employee that has been officially advised, or otherwise been made aware by an
officer of ZiLOG (collectively, the “Involved Employee”), of the matters addressed in this Settlement Agreement, will not voluntarily make any statements regarding the resolution of this matter to any person, entity, agency and/or business
that is not a party to this Settlement Agreement, except that if any such officer or Involved Employee is asked, it may only say that “the matter has been resolved.” 
  
 DISPARAGING REMARKS 
  
 19. ZiLOG, and each of its officers shall not make (a) any remarks or comments with respect to (i) JOCHNOWITZ’s
termination or the basis for such termination, (ii) his abilities or qualifications as an officer, member of senior management or attorney or (iii) his performance during his employment at ZiLOG or (b) any other disparaging or derogatory remark that
could reasonably be expected to have an adverse impact on JOCHNOWITZ’s career or ability to get a job. JOCHNOWITZ shall not make any disparaging or derogatory remarks or comments with respect to ZiLOG. Any breach of this paragraph 19 by a Party
does and will constitute a material breach by such Party of the Settlement Agreement. 
  
 APPLICABLE LAW 
  
 20. This Settlement Agreement shall be governed by and interpreted, construed and enforced pursuant to the laws of the State of California,
notwithstanding any provisions relating to the conflict of laws. 
  
 NO ORAL WAIVER OR MODIFICATION 
  
 21. No waiver or modification of any of the provisions of this Settlement Agreement or of any breach thereof shall constitute a waiver or modification of any other provision or breach, whether or not similar; nor shall any such waiver or
modification constitute a continuing waiver. No waiver or modification shall be binding unless executed in writing by the Party making the waiver or modification. 
  
 ENTIRE AGREEMENT 
  
 22. This Settlement Agreement constitutes the entire agreement made by and between the Parties pertaining to the subject
matter hereof, and fully supersedes any and all prior or contemporaneous understandings, representations, warranties, and agreements made by the parties hereto or their representatives pertaining to the subject matter hereof. The Parties have not
relied upon any facts, statements or the failure by any party to make statements or disclose facts in entering into this agreement. No extrinsic evidence whatsoever may be introduced in any judicial proceeding involving the construction or
interpretation of this Settlement Agreement. 
  

 8 

 FURTHER ASSURANCES 
  
 23. Each of the Parties hereto agrees to execute and deliver all such further documents consistent herewith and to take all
such further actions as may be reasonably requested by any other Party to effectuate fully the terms and provisions of this Settlement Agreement, provided such documents or actions do not materially limit, reduce or impair the rights or increase the
obligations of the Party upon whom such request is made, and, provided further, that complying with any such request shall not be at the expense of the requested Party. Warranties, representations, agreements, and obligations contained in this
Settlement Agreement shall survive the execution and delivery of this Settlement Agreement and shall survive any and all performances in accordance with this Settlement Agreement. 
  
 BINDING ON SUCCESSORS 
  
 24. This Settlement Agreement and the obligations hereunder shall inure to the benefit of, and shall be binding upon, each
of the Parties hereto and their successors. 
  
 SEVERABILITY 
  
 25. Each provision of this
Settlement Agreement shall be interpreted in such manner as to be effective and valid under applicable law. If any provision of this Settlement Agreement shall be held to be invalid, illegal, or unenforceable, this shall not effect any other
provisions, which shall remain fully valid and enforceable. 
  
 26. BINDING ARBITRATION 
  
 a.
The Parties agree to submit to binding arbitration to resolve any and all disputes concerning or arising under this Settlement Agreement, including but not limited to disputes concerning the interpretation, validity or effect of this Settlement
Agreement, or a claim for breach of the Settlement Agreement. The arbitration shall take place in San Jose, California, and shall be administered by the Judicial Arbitration and Mediation Services (“JAMS”) in accordance with the then
current JAMS rules and procedures. The Parties agree the Honorable John A. Flaherty (Ret.) shall be the arbitrator. If Judge Flaherty is unavailable, the arbitrator shall be selected in accordance with the then current JAMS rules and procedures. The
Parties shall pay an equal share of the administrative costs and arbitrator’s fees. Otherwise, each Party shall pay all of its own fees and costs, including but not limited to attorney, expert, witness, and other fees that may be associated
with the arbitration. 
  
 b. The arbitrator may
not modify or change the Settlement Agreement in any way, unless any provision is found to be unenforceable, in which case the arbitrator may sever it in accordance with the terms of paragraph 25. In conducting the arbitration and rendering a final
decision, the arbitrator shall be required to follow the applicable law. 
  

 9 

 ATTORNEYS FEES 
  
 27. In the event of any dispute concerning or arising under this Settlement Agreement, including but not limited to disputes
concerning the interpretation, validity or effect of this Settlement Agreement, or a claim for breach of the Settlement Agreement, the prevailing Party shall be entitled to its reasonable attorneys’ fees incurred in such action. 
  
 NOTICES 
  
 28. Any notices or other communications to any Party contemplated by this
Settlement Agreement shall be made as follows: 
  
 To Daniel Jochnowitz 
 1375 McKendrie Street 
 San Jose, CA 95126 
  
 To ZiLOG, Inc. 
 c/o its General Counsel 
 532 Race Street 
 San Jose, CA 95126 
  
 29. The Parties have cooperated in the drafting and preparation of this Settlement Agreement. If any construction is to be made of this Settlement
Agreement, it shall not be construed against any Party based on any claim that any one of the Parties was the sole or primary drafts person of this Settlement Agreement. 
  
 30. JOCHNOWITZ hereby agrees and represents that he understands that by executing this Settlement Agreement he is releasing
all claims he may have against ZiLOG arising under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. (“ADEA”). JOCHNOWITZ acknowledges that, before signing this Settlement Agreement, he was entitled to twenty-one (21)
full calendar days to consider the terms of this Settlement Agreement, but, in signing this Settlement Agreement, specifically waives that twenty-one (21) full calendar days consideration period. JOCHNOWITZ also acknowledges that ZiLOG has advised
him to consult with an attorney, and that he has in fact consulted with an attorney, concerning this Settlement Agreement in general, and in particular with respect to JOCHNOWITZ’s release of claims under the ADEA. JOCHNOWITZ further
acknowledges that, following his signing of this Settlement Agreement, he is entitled to seven (7) full calendar days to revoke his release of any claims under the ADEA—which seven (7) day period is non-waivable (the “Revocation
Period”). Accordingly, this Settlement Agreement shall not become effective or enforceable until the Revocation Period has expired. In the event JOCHNOWITZ revokes his release of his ADEA claims within the Revocation Period, at ZiLOG’s
election the entire Settlement Agreement may become null and void in its entirety and any and all of ZiLOG’s obligations hereunder, including, specifically, any obligation to tender the Settlement Payment may expire and become null and void.

  

 10 

 COUNTERPARTS 
  
 31. This Settlement Agreement may be executed and delivered in separate counterparts, each of which, when so executed and
delivered, shall be an original, but such counterparts together shall constitute but one and the same instrument and agreement. Facsimile signatures shall be effective and shall have the same force and effect as original signatures. 
  
 THE UNDERSIGNED HAVE READ AND UNDERSTAND THE TERMS AND CONDITIONS OF THE FOREGOING SETTLEMENT
AGREEMENT AND RELEASE, AND THE PARTIES SPECIFICALLY ACKNOWLEDGE THAT EACH HAS CONSULTED WITH AN ATTORNEY REGARDING THE EXECUTION OF THIS AGREEMENT. IN ADDITION, THE PARTIES WARRANT THAT THE SETTLEMENT AGREEMENT AND RELEASE CONTAINS THE ENTIRE
AGREEMENT BETWEEN TIM PARTIES HERETO AND NO PROMISE, INDUCEMENT OR AGREEMENT NOT EXPRESSLY CONTAINED HEREIN HAS BEEN MADE. 
  
 IN WITNESS WHEREOF, the parties have entered into this Settlement Agreement as of the date first above written. 
  

									
	 	 	 	 	 	 	 Daniel Jochnowitz

				
	 Dated: 9/15/03
	 	 	 	 	 	  

	 	 	 	 	 	 	 	 	Daniel Jochnowitz
				
	 	 	 	 	 	 	 ZiLOG, Inc.

				
	 Dated: 9/15/03
	 	 	 	 	 	  

	 	 	 	 	 	 	 	 	Chief Financial Officer

  

 11Exhibit 4.1

 Exhibit 4.1 
  

 

  
  
  
 CAPITAL ONE MULTI-ASSET EXECUTION TRUST 
  
 as
Issuer 
  
 and 
  
 THE BANK OF NEW YORK 
  
 as Indenture Trustee 
  
  
 CLASS C(2004-2) TERMS DOCUMENT 
  
 dated as of
March 5, 2004 
  
 to 
  
 CARD SERIES INDENTURE SUPPLEMENT 
  
 dated as of October 9, 2002 
  
 to 
  
 ASSET POOL 1 SUPPLEMENT 
  
 dated as of October 9, 2002 
  
 to 
  
 INDENTURE 
  
 dated as of October 9, 2002 
  
  
  

 TABLE OF CONTENTS 
  

							
	 	  	Page

	
	ARTICLE I
	Definitions and Other Provisions of General Application
			
	Section 1.01.	  	Definitions	  	1
			
	Section 1.02.	  	Governing Law	  	7
			
	Section 1.03.	  	Counterparts	  	7
			
	Section 1.04.	  	Ratification of Indenture, the Asset Pool 1 Supplement and Indenture Supplement	  	7
	
	ARTICLE II
	The Class C(2004-2) Notes
			
	Section 2.01.	  	Creation and Designation	  	8
			
	Section 2.02.	  	Adjustments to Required Subordinated Percentages	  	8
			
	Section 2.03.	  	Interest Payment	  	8
			
	Section 2.04.	  	Calculation Agent; Determination of LIBOR	  	8
			
	Section 2.05.	  	Payments of Interest and Principal	  	9
			
	Section 2.06.	  	Targeted Deposit to the Class C Reserve Account	  	9
			
	Section 2.07.	  	Form of Delivery of Class C(2004-2) Notes; Depository; Denominations	  	10
			
	Section 2.08.	  	Delivery and Payment for the Class C(2004-2) Notes	  	10
			
	Section 2.09.	  	Targeted Deposits to the Accumulation Reserve Account	  	10
			
	Section 2.10.	  	[Reserved]	  	10

  

 -i- 

 THIS CLASS C(2004-2) TERMS DOCUMENT (this “Terms Document”), by and between CAPITAL ONE
MULTI-ASSET EXECUTION TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), having its principal office at E.A. Delle Donne Corporate Center, Montgomery Building, 1011 Centre Road, Wilmington, DE
19805 and THE BANK OF NEW YORK, a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of March 5, 2004. 
  
 Pursuant to this Terms Document, the Issuer shall create a new tranche of Class C Notes and shall specify the principal
terms thereof. 
  
 ARTICLE I 
  
 Definitions and Other Provisions of General Application 
  
 Section 1.01. Definitions. For all purposes of this Terms Document,
except as otherwise expressly provided or unless the context otherwise requires: 
  

	 	(1)	the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 

  

	 	(2)	all other terms used herein which are defined in the Indenture Supplement, the Asset Pool 1 Supplement or the Indenture, either directly or by reference therein, have the meanings
assigned to them therein; 

  

	 	(3)	all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles and, except as otherwise herein
expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder means such accounting principles as are generally accepted in the United States of America at the date
of such computation; 

  

	 	(4)	all references in this Terms Document to designated “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions
of this Terms Document; 

  

	 	(5)	the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision; 

  

	 	(6)	in the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture Supplement, the Asset Pool 1
Supplement, the Indenture or the Transfer and Administration Agreement, the terms and provisions of this Terms Document shall be controlling; 

  

 1 

	 	(7)	each capitalized term defined herein shall relate only to the Class C(2004-2) Notes and no other Tranche of Notes issued by the Issuer; and 

  

	 	(8)	“including” and words of similar import will be deemed to be followed by “without limitation.” 

  
 “Accumulation Period Amount” means $8,333,333.34;
provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in
the definition of “Accumulation Period Amount” in the Indenture Supplement. 
  
 “Accumulation Reserve Funding Period” shall mean, (a) if the Accumulation Period Length is determined to be one (1) month, there shall be no Accumulation Reserve Funding Period and (b) otherwise, the
period (x) commencing on the earliest to occur of (i) the Monthly Period beginning three (3) calendar months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account of the Class
C(2004-2) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (ii) the Monthly Period following the first Distribution Date following and including the January 2012 Distribution Date for which the Quarterly Excess Spread Percentage
is less than 2%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 12 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding
sub-Account for the Class C(2004-2) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (iii) the Monthly Period following the first Distribution Date following and including the July 2012 Distribution Date for which the Quarterly
Excess Spread Percentage is less than 3%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 6 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into
the Principal Funding sub-Account for the Class C(2004-2) Notes pursuant to Section 3.10(b) of the Indenture Supplement, and (iv) the Monthly Period following the first Distribution Date following and including the September 2012 Distribution
Date for which the Quarterly Excess Spread Percentage is less than 4%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 4 months prior to the first Distribution Date for which a budgeted
deposit is targeted to be made into the Principal Funding sub-Account for the Class C(2004-2) Notes pursuant to Section 3.10(b) of the Indenture Supplement and (y) ending on the close of business on the last day of the Monthly Period
preceding the earlier to occur of (i) the Expected Principal Payment Date for the Class C(2004-2) Notes and (ii) the date on which the Class C(2004-2) Notes are paid in full. 
  
 “Aggregate Class C Unencumbered Amount” means an amount equal to (a) the Adjusted Outstanding Dollar
Principal Amount of all Class C Notes in the Card Series minus (b) the sum of the Required Subordinated Amount of Class C Notes for all Class A Notes in the Card Series plus the Unencumbered Required Subordinated Amount of Class C Notes for
all Class B Notes in the Card Series. 
  
 “Asset Pool 1
Supplement” means the Asset Pool 1 Supplement dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
  

 2 

 “Base Rate” means, with respect to any Monthly Period, the sum of (a) the Card Series
Servicing Fee Percentage and (b) the weighted average (based on the Outstanding Dollar Principal Amount of the related Card Series Notes) of the following: 
  
 (i) in the case of a Tranche of Card Series Dollar Interest-bearing Notes with no Derivative Agreement for interest, the rate of interest
applicable to such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Dollar Interest-bearing Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche
of Card Series Dollar Interest-bearing Notes in the following Monthly Period; 
  
 (ii) in the case of a Tranche of Card Series Discount Notes, the rate of accretion (converted to an accrual rate) of such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of
Card Series Discount Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Discount Notes in the following Monthly Period; 
  
 (iii) in the case of a Tranche of Card Series Notes with a Performing Derivative Agreement for interest, the
rate at which payments by the Issuer to the applicable Derivative Counterparty accrue (prior to the netting of such payments, if applicable) for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Notes in
such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; provided, however, that in the case of a Tranche of Card Series Notes with a Performing Derivative
Agreement for interest in which the rating on such Tranche of Card Series Notes is not dependant upon the rating of the applicable Derivative Counterparty, the amount determined pursuant to this clause (iii) will be the higher of (1) the rate
determined pursuant to this clause (iii) above and (2) the rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Notes in such Monthly Period to but excluding
the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; and 
  
 (iv) in the case of a tranche of Card Series Notes with a non-Performing Derivative Agreement for interest, the rate specified for that
date in the related Terms Document. 
  
 “Calculation
Agent” is defined in Section 2.04(a). 
  
 “Class C(2004-2) Adverse Event” means the occurrence of any of the following: (a) an Early Redemption Event with respect to the Class C(2004-2) Notes or (b) an Event of Default and acceleration of the Class C(2004-2) Notes.

  
 “Class C(2004-2) Note” means any Note,
substantially in the form set forth in Exhibit A-3 to the Indenture Supplement, designated therein as a Class C(2004-2) Note and duly executed and authenticated in accordance with the Indenture. 
  

 3 

 “Class C(2004-2) Noteholder” means a Person in whose name a Class C(2004-2) Note is
registered in the Note Register. 
  
 “Class C Reserve
Account Percentage” means, (i) zero, if the Quarterly Excess Spread Percentage on such Distribution Date is greater than or equal to 4.50%, (ii) 1.25%, if the Quarterly Excess Spread Percentage on such Distribution Date is less than 4.50%
and greater than or equal to 4.00%, (iii) 2.25%, if the Quarterly Excess Spread Percentage on such Distribution Date is less than 4.00% and greater than or equal to 3.50%, (iv) 3.00%, if the Quarterly Excess Spread Percentage on such Distribution
Date is less than 3.50% and greater than or equal to 3.00%; (v) 4.50%, if the Quarterly Excess Spread Percentage on such Distribution Date is less than 3.00% and greater than or equal to 2.50%, (vi) 5.50%, if the Quarterly Excess Spread Percentage
on such Distribution Date is less than 2.50% and greater than or equal to 2.00%, and (vii) 7.25%, if the Quarterly Excess Spread Percentage on such Distribution Date is less than 2.00%. 
  
 “Class C(2004-2) Termination Date” means the earliest to occur of (a) the Principal Payment Date on which
the Outstanding Dollar Principal Amount of the Class C(2004-2) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on which the Indenture is discharged and satisfied pursuant to Article VI thereof. 
  
 “Encumbered Required Subordinated Amount of Class D Notes”
means, for the Class C(2004-2) Notes, an amount equal to the product of (a) the aggregate Required Subordinated Amount of Class D Notes for all Class A Notes in the Card Series plus the sum of the Unencumbered Required Subordinated Amount of Class D
Notes for all Class B Notes in the Card Series and (b) the percentage equivalent of a fraction, the numerator of which is the Adjusted Outstanding Dollar Principal Amount of the Class C(2004-2) Notes and the denominator of which is the Adjusted
Outstanding Dollar Principal Amount of all Class C Notes in the Card Series. 
  
 “Excess Spread Percentage” shall mean, with respect to any Distribution Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly
Period. 
  
 “Expected Principal Payment Date”
means February 18, 2014. 
  
 “Initial Dollar Principal
Amount” means $100,000,000. 
  
 “Indenture” means the Indenture dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
  
 “Indenture Supplement” means the Card Series Indenture Supplement dated as of October 9, 2002, by and
between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
  
 “Interest Payment Date” means the fifteenth day of each month commencing in April 2004, or if such fifteenth day is not a Business Day, the next succeeding Business Day. 
  
 “Interest Period” means, with respect to any Interest
Payment Date, the period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) through the day preceding such Interest Payment Date. 
  

 4 

 “Issuance Date” means March 5, 2004. 
  
 “Legal Maturity Date” means December 15, 2016. 

 
 “LIBOR” means, for any Interest Period, the London
interbank offered rate for one-month United States dollar deposits determined by the Calculation Agent on the LIBOR Determination Date for each Interest Period in accordance with the provisions of Section 2.04. 
  
 “LIBOR Determination Date” means March 3, 2004 for the
period from and including the Issuance Date to but excluding April 15, 2004 and the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 
  
 “London Business Day” means any Business Day on which dealings in deposits in United States Dollars are
transacted in the London interbank market. 
  
 “Note
Interest Rate” means a rate per annum equal to 1.05% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
  
 “Paying Agent” means The Bank of New York. 
  
 “Portfolio Yield” means, with respect to any Monthly Period,
the annualized percentage equivalent of a fraction: 
  
 (a) the
numerator of which is equal to the sum of: 
  
 (i) the aggregate amount of Finance Charge Amounts allocated to the Card Series with respect to such Monthly Period; plus 
  
 (ii) the aggregate amount of Interest Funding sub-Account Earnings on all Tranches of Card Series Notes for such Monthly Period;
plus 
  
 (iii) any amounts to be treated
as Card Series Finance Charge Amounts pursuant to Sections 3.20(d) and 3.27(a) of the Indenture Supplement; minus 
  
 (iv) the excess, if any, of (1) the sum of the PFA Prefunding Earnings Shortfall plus the PFA Accumulation Earnings Shortfall over (2) the
sum of the aggregate amount to be treated as Card Series Finance Charge Amounts for such Monthly Period pursuant to Sections 3.04(a)(ii) and 3.25(a) of the Indenture Supplement plus any other amounts applied to cover earnings
shortfalls on amounts in the Principal Funding sub-Account for any tranche of Card Series Notes for such Monthly Period; minus 
  
 (v) the Card Series Default Amount for such Monthly Period; and 
  
 (b) the denominator of which is the numerator used in the calculation of the Card Series Floating Allocation Percentage for
such Monthly Period. 
  

 5 

 “Quarterly Excess Spread Percentage” means, (i) with respect to the April 2004
Distribution Date, the Excess Spread Percentage with respect to the immediately preceding Monthly Period, (ii) with respect to the May 2004 Distribution Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess
Spread Percentages with respect to the immediately preceding two Monthly Periods and the denominator of which is two, and (iii) with respect to the June 2004 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a
fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three. 
  
 “Record Date” means, for any Distribution Date, the last Business Day of the preceding Monthly Period.

  
 “Reference Banks” means four major banks in
the London interbank market selected by the Beneficiary. 
  
 “Required Accumulation Reserve sub-Account Amount” means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the
Class C(2004-2) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating
Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change. 
  
 “Required Subordinated Amount of Class D Notes” means, for the Class C(2004-2) Notes, an amount equal to the sum of (a) the Unencumbered
Required Subordinated Amount of Class D Notes for such Class C(2004-2) Notes and (b) the Encumbered Required Subordinated Amount of Class D Notes for such Class C(2004-2) Notes; provided, however, that for any date of determination,
unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any
Tranche of Card Series Notes, the Required Subordinated Amount of Class D Notes for the Class C(2004-2) Notes will not be less than an amount equal to 1.5229% of the Initial Dollar Principal Amount of the Class C(2004-2) Notes, provided
further, however, that for any date of determination on or after the occurrence and during the continuation of a Class C(2004-2) Adverse Event, the Required Subordinated Amount of Class D Notes for the Class C(2004-2) Notes will be the
greatest of (x) the amount determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class C(2004-2) Adverse Event shall have occurred and (z) unless (i) the Prefunding
Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes,
the amount determined pursuant to the preceding proviso. 
  
 “Required Subordinated Percentage of Class D Notes” means, for the Class C(2004-2) Notes, 1.5229%, subject to adjustment in accordance with Section 2.02. 
  
 “Stated Principal Amount” means $100,000,000. 
  

 6 

 “Telerate Page 3750” means the display page currently so designated on the Moneyline
Telerate Service (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices). 
  
 “Unencumbered Amount” means, for the Class C(2004-2) Notes, an amount equal to the product of (a) the percentage equivalent of a
fraction, the numerator of which is the Aggregate Class C Unencumbered Amount and the denominator of which is the Adjusted Outstanding Dollar Principal Amount of all Class C Notes in the Card Series and (b) the Adjusted Outstanding Dollar Principal
Amount of the Class C(2004-2) Notes. 
  
 “Unencumbered
Required Subordinated Amount of Class D Notes” means, for the Class C(2004-2) Notes, an amount equal to the product of (a) the Unencumbered Amount for the Class C(2004-2) Notes and (b) the Required Subordinated Percentage of Class D Notes
for the Class C(2004-2) Notes. 
  
 Section 1.02. Governing
Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  
 Section 1.03. Counterparts. This Terms Document may be executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but
one and the same instrument. 
  
 Section 1.04. Ratification of
Indenture, the Asset Pool 1 Supplement and Indenture Supplement. As supplemented by this Terms Document, each of the Indenture, the Asset Pool 1 Supplement and the Indenture Supplement is in all respects ratified and confirmed and the Indenture
as so supplemented by the Asset Pool 1 Supplement as so supplemented by the Indenture Supplement as so supplemented and this Terms Document shall be read, taken and construed as one and the same instrument. 
  
 [END OF ARTICLE I] 
  

 7 

 ARTICLE II 
  
 The Class C(2004-2) Notes 
  
 Section 2.01. Creation and Designation. There is hereby created a tranche of Card Series Class C Notes to be issued pursuant to the Indenture, the
Asset Pool 1 Supplement and the Indenture Supplement to be known as the “Card Series Class C(2004-2) Notes.” 
  
 Section 2.02. Adjustments to Required Subordinated Percentages. (a) On any date, the Issuer may increase the Required Subordinated Percentage of
Class D Notes for the Class C(2004-2) Notes without the consent of any Noteholders or the Note Rating Agencies. 
  
 (b) On any date, the Issuer may reduce the Required Subordinated Percentage of Class D Notes for the Class C(2004-2) Notes, provided that the Issuer has
(i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes of the Card Series that the change in such percentage will not result in a Ratings Effect with respect to any Outstanding Class C(2004-2) Notes and
(ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion for each Master Trust and an Issuer Tax Opinion. 
  
 Section 2.03. Interest Payment. 
  
 (a) For each Interest Payment Date, the amount of interest due with respect to the Class C(2004-2) Notes shall be an amount equal to the product of (i)(A)
a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times (ii) the
Outstanding Dollar Principal Amount of the Class C(2004-2) Notes determined as of the Record Date preceding the related Distribution Date. Any interest on the Class C(2004-2) Notes will be calculated on the basis of the actual number of days in the
related Interest Period and a 360-day year. 
  
 (b) Pursuant to
Section 3.03 of the Indenture Supplement, on each Distribution Date, the Indenture Trustee shall deposit into the Class C(2004-2) Interest Funding sub-Account the portion of Card Series Finance Charge Amounts allocable to the Class C(2004-2)
Notes. 
  
 Section 2.04. Calculation Agent; Determination of
LIBOR. 
  
 (a) The Issuer hereby agrees that for so long as
any Class C(2004-2) Notes are Outstanding, there shall at all times be an agent appointed to calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuer hereby initially appoints the Indenture Trustee as the
Calculation Agent for purposes of determining LIBOR for each Interest Period. The Calculation Agent may be removed by the Issuer at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuer, or if the
Calculation Agent fails to determine LIBOR for an Interest Period, the Issuer shall promptly appoint a replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuer or its Affiliates. The
Calculation Agent may not resign its duties, and the Issuer may not remove the Calculation Agent, without a successor having been duly appointed. 
  
 (b) On each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a
one-month period which 
  

 8 

 appears on Telerate Page 3750 as of 11:00 a.m., London time, on such date. If such rate does not appear on Telerate Page
3750, the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the
London interbank market for a one-month period. The Calculation Agent shall request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR
Determination Date shall be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York
City, selected by the Beneficiary, at approximately 11:00 a.m., New York City time, on that day for loans in United States dollars to leading European banks for a one-month period. 
  
 (c) The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by
telephoning the Indenture Trustee at its corporate trust office at (212) 815-3247 or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder
from time to time. 
  
 (d) On each LIBOR Determination Date, the
Calculation Agent shall send to the Indenture Trustee, the Issuer and the Beneficiary, by facsimile transmission, notification of LIBOR for the following Interest Period. 
  
 Section 2.05. Payments of Interest and Principal. 
  
 (a) Any installment of interest or principal, if any, payable on any Class C(2004-2) Note which is punctually paid or duly
provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2004-2) Note (or one or more Predecessor Notes) is
registered on the Record Date, by wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the
third Business Day preceding the date of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. 
  
 (b) The right of the Class C(2004-2) Noteholders to receive payments from the
Issuer will terminate on the first Business Day following the Class C(2004-2) Termination Date. 
  
 Section 2.06. Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub-Account for the Class
C(2004-2) Notes for any Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the sum of the Initial Outstanding Dollar Principal Amounts of each tranche of
Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2004-2) Notes as of the close of business on the last day of the
preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the Card Series as of the close of business on the last day of the preceding Monthly Period, 
  

 9 

 minus (ii) any amount previously on deposit in the Class C(2004-2) Reserve sub-Account prior to such targeted
deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2004-2) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2004-2)
notes minus the amount then on deposit in such sub-Account. 
  
 Section 2.07. Form of Delivery of Class C(2004-2) Notes; Depository; Denominations. 
  
 (a) The Class C(2004-2) Notes shall be delivered in the form of a global Registered Note as provided in Sections 202 and 301(i) of the
Indenture, respectively. 
  
 (b) The Depository for the Class
C(2004-2) Notes shall be The Depository Trust Company, and the Class C(2004-2) Notes shall initially be registered in the name of Cede & Co., its nominee. 
  

(c) The Class C(2004-2) Notes will be issued in minimum denominations of $5,000 and integral multiples of $1,000 in excess of that amount. 

 
 Section 2.08. Delivery and Payment for the Class C(2004-2) Notes.
The Issuer shall execute and deliver the Class C(2004-2) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class C(2004-2) Notes when authenticated, each in accordance with Section 303 of the
Indenture. 
  
 Section 2.09. Targeted Deposits to the
Accumulation Reserve Account. 
  
 The deposit targeted to be
made to the Accumulation Reserve Account for any Monthly Period during the Accumulation Reserve Funding Period will be an amount equal to the Required Accumulation Reserve sub-Account Amount. 
  
 Section 2.10. [Reserved] 
  
 [END OF ARTICLE II] 
  

 10 

 IN WITNESS WHEREOF, the parties hereto have caused this Terms Document to be duly executed, all as of the
day and year first above written. 
  

					
	 CAPITAL ONE MULTI-ASSET EXECUTION TRUST,
 by DEUTSCHE BANK TRUST COMPANY

	 DELAWARE, not in its individual capacity, but solely as
 Owner Trustee on behalf of the Trust

		
	 By:
	 	 /s/    Michele
Voon        

	 	 	 Name:
	 	Michele Voon
	 	 	 Title:
	 	Attorney-in-Fact
	
	 THE BANK OF NEW YORK, as Indenture Trustee and
 not in its individual capacity

		
	 By:
	 	 /s/    Scott
Tepper        

	 	 	 Name:
	 	Scott Tepper
	 	 	 Title:
	 	Assistant Vice-President

  
 [Signature Page
to the Class C(2004-2) Terms Document]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}]]