Document:

EX-10.1

 Exhibit 10.1 
  

 
 September 24, 2013 

David Neumann 
 105 Wood Crest Place 

Venetia, PA 15367 
 Subject: Severance Benefits 

Dear David: 
 I am pleased to extend to you the below severance
benefits which were approved by PCTEL, Inc.’s Board of Directors on September 11, 2013, and which will become effective upon your written acceptance of this letter. The offer letter that PCTEL, Inc. (“Company”) and you
(“Employee”) signed on January 15, 2009 provides that any changes, additions or modifications to the terms of your employment can only be made in writing signed by both parties. 

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

(i) Salary Continuation. Employee shall continue to receive Employee’s then current Base Salary for a period of twelve
(12) months following Employee’s termination of employment by the Company for reasons other than Cause. All such severance payments shall be paid in accordance with the Company’s normal payroll practices. Such continuation of
Employee’s Base Salary shall be in lieu of any and all other benefits which Employee is entitled to receive on the date of Employee’s termination of employment pursuant to any Company severance and benefit plans and practices or pursuant
to other agreements with the Company. Employee shall not be entitled to pro-rated payment of an annual bonus. 
 (ii) Benefits.
Provided that Employee elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), within the time period prescribed pursuant to COBRA, the Company will reimburse Employee for
the cost of COBRA premiums for continued health (i.e., medical, dental and vision) coverage at the same level of coverage as was provided to Employee immediately prior to the date of Employee’s termination by the Company for reasons other than
Cause (the “Termination Date”) and at the same ratio of Company premium payment to Employee premium payment (“Company Paid Coverage”). If Company Paid Coverage included Executive’s eligible dependents immediately prior to
the Termination Date, such reimbursement will cover dependents in the same proportion as provided above. Company Paid Coverage shall continue until the earlier of (A) twelve (12) months following the Termination Date, and (B) the date
upon which Employee or Employee’s dependents become covered under another employer’s group health, dental and vision insurance benefit plans. For purposes of Title X of COBRA, the date of the qualifying event for Employee and his or her
dependents shall be the Termination Date. 
 (iii) Partial Accelerated Vesting. All equity awards from the Company then held by
Employee shall partially accelerate, or if Employee is then holding unvested shares, Company’s right to repurchase the then-unvested shares under each such equity award shall partially lapse, with respect to the number of shares under each such
award that would have become vested or been released from such repurchase right under each respective equity award if Employee’s employment with the Company had continued for an additional twelve (12) months following Employee’s
effective termination date for reasons other than Cause. 
 471 Brighton Drive Bloomingdale, IL 60108 / Tel: +1-630-372-6800 / Fax:
+1-630-233-8076 / www.pctel.com 
 PCTEL Inc. © 2011 

 

 
  

 (b) Termination Following a Change of Control. If Employee’s employment is terminated within
twelve (12) months following a Change of Control, the severance and other benefits to which Employee is entitled, if any, shall be governed by the Management Retention Agreement (as amended and restated) (which includes the definition of Change
of Control). 
 (c) Other Termination. If Employee’s employment is terminated by the Company for Cause, or by Employee for any reason, including
death or Disability but other than pursuant to a Voluntary Termination for Good Reason, then Employee shall not be entitled to receive the severance and other benefits discussed above, but may be eligible for those benefits (if any) as may then be
required by law or established under the Company’s severance and benefit plans and policies existing at the time of such termination. 

Separation Agreement and Release. The receipt of any severance payments or benefits pursuant to this Letter will be subject to Employee signing,
delivering and not revoking a separation agreement and release of claims (in a form reasonably acceptable to the Company), provided that such separation agreement and release of claims is effective within sixty (60) days following the
Termination Date. No severance pursuant to this Letter will be paid or provided until the separation agreement and release of claims becomes effective. If the 60th day after the Termination Date
is in the subsequent calendar year, no payment will be made prior to January 1 of such subsequent calendar year. If Employee should die before all of the severance amounts have been paid, such unpaid amounts will be paid in a lump sum payment
promptly following such event to Employee’s designated beneficiary, if living, or otherwise to the personal representative of Employee’s estate. 

Section 409A Compliance. To the extent (i) the requirements for the “short term deferral” rule and/or the “separation
pay plan” rule are not satisfied, and (ii) Employee is a “specified employee” of the Company (or any successor entity thereto) within the meaning of Section 409A(a)(2)(B)(i) on the date of Employee’s termination (other
than a termination due to death), then the portion of the severance payments payable to Employee, if any, under this Agreement, when considered together with any other severance payments or separation benefits that is deemed a deferral of
compensation under Section 409A shall be delayed until the earlier of: (A) the date that is six (6) months and one (1) day after the date of termination, or (B) the date of Employee’s death (such date, the “Delayed
Initial Payment Date”), and the Company (or the successor entity thereto) shall (x) pay to Employee a lump sum equal to the amount Employee would have otherwise received on or before the Delayed Initial Payment Date, without any adjustment
on account of such delay, as if the payments had not been delayed pursuant to this section, and (y) pay the balance of the payments in accordance with any applicable payment schedules set forth herein. Notwithstanding anything herein to the
contrary, if Employee dies following his or her termination, but prior to the six (6) month anniversary of Employee’s Termination Date, then any payments which have been delayed in accordance with this clause will be payable in a lump sum
as soon as administratively practicable after the date of Employee’s death. 
 Definition of Terms: 

The following terms referred to in this letter agreement shall have the following meanings: 

Base Salary. “Base Salary” shall mean an amount equal to the Employee’s Company annual salaried compensation. 

  
 471 Brighton Drive
Bloomingdale, IL 60108 / Tel: +1-630-372-6800 / Fax: +1-630-233-8076 / www.pctel.com 
 PCTEL Inc. © 2011 

 

 
  

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

Change of Control. “Change of Control” is as defined in the Management Retention Agreement (as amended and restated) entered into between
Company and Employee. 
 Disability. “Disability” shall mean that the Employee has been unable to perform his Company duties as the result
of his incapacity due to physical or mental illness, and such inability, at least 26 weeks after its commencement, is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Employee or the
Employee’s legal representative (such agreement as to acceptability not to be unreasonably withheld). Termination resulting from Disability may only be effected after at least 30 days’ written notice by the Company of its intention to
terminate the Employee’s employment. In the event that the Employee resumes the performance of substantially all of his duties hereunder before the termination of his employment becomes effective, the notice of intent to terminate shall
automatically be deemed to have been revoked. 
 Voluntary Termination for Good Reason. “Voluntary Termination for Good Reason” shall mean
Employee voluntarily resigns within thirty (30) days following the expiration of any cure period (as discussed below) after the occurrence of any of the following events, without Employee’s written consent: (i) a material diminution
by the Company in the Base Salary of Employee as in effect immediately prior to such reduction (other than a reduction that generally applies to Company officers and/or managers); (ii) a material change in the geographic location at which
Employee must perform service (in other words, the relocation of Employee to a facility or a location more than thirty-five (35) miles from Employee’s then present location); or (iii) any other action or inaction that constitutes a
material breach by the Company of Employee’s employment arrangement. Provider, however, that before Employee’s employment may be terminated by a Voluntary Termination for Good Reason, (A) Employee must provide written notice to the
Company within ninety (90) days of the initial existence of the Voluntary Termination for Good Reason condition setting forth the reasons for Employee’s intention to terminate his employment as a resolute of a Voluntary Termination for
Good Reason and (B) the Company must have an opportunity within thirty (30) days following delivery of such notice to cure the Voluntary Termination for Good Reason Condition. For the avoidance of doubt, the voluntary resignation by
Employee after the occurrence of either of the following shall not constitute grounds for a “Voluntary Termination for Good Reason”: (1) a reduction of the Employee’s duties, title, authority or responsibilities, relative to the
Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction, as a result of (i) the Company being acquired and made part of a larger entity, (ii) a restructuring of the Company and/or its
subsidiaries, or a restructuring of the Company’s employees’ functions, and/or reporting relationships; or (2) a material reduction, without good business reasons, of the facilities or perquisites (including office space and location)
available to the Employee immediately prior to such reduction. 
 Notwithstanding anything herein to the contrary, the Company agrees that it will not
materially reduce Employee’s aggregate level of Employee benefits, including bonuses, to which Employee was entitled immediately prior to such reduction with the result that Employee’s aggregate benefits package is materially reduced
(other than a reduction that generally applies to Company officers and/or managers). 

  
 471 Brighton Drive
Bloomingdale, IL 60108 / Tel: +1-630-372-6800 / Fax: +1-630-233-8076 / www.pctel.com 
 PCTEL Inc. © 2011 

 

 
  

 Please indicate your acceptance to the above and foregoing by signing and returning to me the enclosed copy
of this letter. Thank you. 
 Very truly yours, 
 /s/ Martin
H. Singer 
 Martin H. Singer 
 I accept and agree to the
foregoing this 25th day of September, 2013. 
  

	
	 /s/ David Neumann

	 David Neumann

  
 471 Brighton Drive
Bloomingdale, IL 60108 / Tel: +1-630-372-6800 / Fax: +1-630-233-8076 / www.pctel.com 
 PCTEL Inc. © 2011EX-10.2

 Exhibit 10.2 
  

 
 September 30, 2013 

Mrs. Varda A. Goldman 
 200 East Delaware, Unit 20F

 Chicago, IL 60611 
 Subject: Modification of Severance
Benefits 
 Dear Varda: 
 On December 11, 2008, PCTEL,
Inc. (“PCTEL”) and you signed a letter (the “2008 Letter”) granting severance benefits to you in certain events of termination of your employment described therein, including salary continuation, reimbursement of payments made
under COBRA for continuation of health care coverage, and partial accelerated vesting of PCTEL common stock awarded to you but unvested. I am pleased to inform you that PCTEL’s Board of Directors has approved the extension of the period of
severance benefits from six (6) months as provided in the 2008 Letter to twelve (12) months. This extension of the period of severance benefits will become effective upon your written acceptance of this letter. All other provisions of the
2008 Letter will remain in effect. 
 Please indicate your acceptance of the foregoing by signing and returning to me a copy of this letter. Thank you. 

Very truly yours, 
 /s/ Martin H. Singer 

Martin H. Singer 
 I accept and agree to the foregoing on this
30th day of September, 2013. 
  

	
	/s/ Varda A. Goldman
	Varda A. Goldman

 471 Brighton Drive Bloomingdale, IL 60108 / Tel: +1-630-372-6800 / Fax: +1-630-233-8076 / www.pctel.com 

PCTEL Inc. © 2011

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