Document:

Change of Control Agreement

 Exhibit 10.1 
 CONFIDENTIAL 
 Change of Control Agreement 

March 14, 2011 
 Michael S.
Clark 
 120 North LaSalle Street Suite 3300 
 Chicago, Illinois 60602 
 Dear Mr. Clark: 

LKQ Corporation, a Delaware corporation (the “Company”), considers it essential to the best interests of its
stockholders to take reasonable steps to retain key management personnel. Further, the Board of Directors of the Company (the “Board”) recognizes that the uncertainty and questions that might arise among management in the context of
any possible Change of Control (as defined below) of the Company could result in the departure or distraction of management personnel to the detriment of the Company and its stockholders. 

In order to reinforce and encourage your continued attention and dedication to your assigned duties without distraction in the face of
potentially disturbing circumstances arising from any possible Change of Control, the Company has determined to enter into this letter agreement (the “Agreement”), which addresses the terms and conditions of your separation from the
Company in connection with a Change of Control or within two (2) years following the Change of Control Date (the “Change of Control Period”). Capitalized words that are not otherwise defined herein shall have the meanings
assigned to those words in Section 11 hereof. 
 1. Operation of Agreement. The provisions of this Agreement
pertaining to the terms and conditions of your separation from the Company in connection with a Change in Control (collectively, the “Severance Provisions”) shall apply only if a Change of Control occurs during the Effective Period.
If a Change of Control occurs during the Effective Period, the Severance Provisions become effective on the date of the Change of Control (the “Change of Control Date”). Notwithstanding the foregoing, if (a) a Change of Control
occurs during the Effective Period; and (b) your employment with the Company is terminated during the Effective Period, but within twelve (12) months prior to the date on which the Change of Control occurs; and (c) it is reasonably
demonstrated by you that such termination of employment (i) was at the request of a third party that has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or in anticipation of a
Change of Control, then the “Change of Control Date” shall mean the date immediately prior to the date of such termination of employment. This Agreement will remain in effect until the later of (x) the last day of the Effective
Period; or (y) if a Change of Control occurs during the Effective Period, the date on which all benefits due to you under this Agreement, if any, have been paid. 
 2. Termination of Employment by Reason of Death or Disability. Your employment shall terminate automatically if you die during the Change of Control Period. If the Company determines in good faith
that you incurred a Disability during the Change of Control Period, it may give you written notice, in accordance with Section 5 hereof, of its intention to 

 
terminate your employment. In such event, your employment with the Company shall terminate effective on the thirtieth (30) calendar day after your receipt of such notice if you have not
returned to full-time duties within thirty (30) calendar days after such receipt. If your employment is terminated for death or Disability during the Change of Control Period, this Agreement shall terminate without further obligations on the
part of the Company other than the obligation to pay to you or your representative, as applicable, the following amounts: 
 (a) the Accrued Obligations, which shall be paid to you in a single sum cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the
effective date of the Waiver and Release: 
 (b) the Pro Rata Bonus, which shall be paid to you in a single sum
cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; and 

(c) the Other Benefits, which shall be paid in accordance with the terms and conditions of such plans, programs, policies,
arrangements or agreements. 
 3. Termination for Cause; Resignation Other Than for Good Reason. If your employment is
terminated for Cause or you resign for other than Good Reason during the Change of Control Period, your employment will terminate on the Date of Termination in accordance with Section 5 hereof and this Agreement shall terminate without further
obligations on the part of the Company other than the obligation to pay to you the following: 
 (a) the Accrued
Obligations, which shall be paid to you in a single sum payment within thirty (30) calendar days of the Date of Termination; and 
 (b) the Other Benefits, which shall be paid in accordance with the terms and conditions of such plans, programs or policies. 
 4. Termination as a Result of an Involuntary Termination. In the event that your employment with the Company should terminate during the Change of Control Period as a result of an Involuntary
Termination, the Company will be obligated, except as provided in Section 8 or Section 9 hereof, to provide you the following benefits: 
 (a) Severance Payment. The Company shall pay to you the following amounts: 
 (i) the Accrued Obligations, which shall be paid to you in a single sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the
effective date of the Waiver and Release; 
 (ii) the Pro Rata Bonus, which shall be paid to you in a single sum
cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; 

(iii) an amount equal to the product of (A) 2.0 times (B) the sum of (1) your Adjusted Base Salary plus
(2) the greater of (x) your Target Bonus 

  
 2 

 
or (y) the average of the annual bonuses paid or to be paid to you with respect to the immediately preceding three (3) fiscal years, which amount shall be paid to you in a single sum
cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; 

(iv) if you had previously consented to the Company’s request to relocate your principal place of employment more
than forty (40) miles from its location immediately prior to the Change of Control Date, all unreimbursed relocation expenses incurred by you in accordance with the Company’s relocation policies, which expenses shall be paid to you in a
single sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; and 

(v) the Other Benefits, which shall be paid in accordance with the then-existing terms and conditions of such plans,
programs or policies. 
 (b) Benefit Continuation. You and your then eligible dependents shall continue to be covered by
and participate in the group health and dental care plans (collectively, “Health Plans”) of the Company (at the Company’s cost) in which you participated, or were eligible to participate, immediately prior to the Date of
Termination through the end of the Benefit Continuation Period; provided, however, that any medical or dental welfare benefit otherwise receivable by you hereunder shall be reduced to the extent that you become covered
under a group health or dental care plan providing comparable medical and health benefits. You shall be eligible to participate in such Health Plans on terms that are at least as favorable as those in effect immediately prior to the Date of
Termination. However, in the event that the terms of the Company’s Health Plans do not permit you to participate in those plans (other than pursuant to an election under the Consolidated Omnibus Budget Reconciliation Act of 1985
(“COBRA”)), in lieu of your and your eligible dependent’s coverage and participation under the Company’s Health Plans, the Company shall pay to you within thirty (30) calendar days of the Date of Termination a lump
sum equal to two (2) times your monthly COBRA premium amount for the number of months remaining in the Benefit Continuation Period. In addition, for the purposes of coverage under COBRA, your COBRA event date will be the date of loss of
coverage described in this paragraph above. 
 (c) Outplacement Services. The Company shall, at its sole expense as
incurred, provide you with outplacement services on such terms and conditions as may be reasonably determined by the Company prior to the Change of Control Date. 
 (d) Acceleration of Stock Awards. All your outstanding awards of restricted stock, stock options, and other equity-based compensation shall become fully vested and exercisable in full immediately
upon the Date of Termination; provided, however, that any such awards that would be out of the money as of the Date of Termination may be terminated pursuant to Section 9(b) hereof. In addition, all your outstanding awards of restricted stock,
stock options, and other equity-based compensation that are not assumed or substituted with awards of equivalent value in connection with a Change of Control shall become fully vested and exercisable in full immediately upon the Change of Control
Date. 

  
 3 

 5. Date and Notice of Termination. Any termination of your employment by the Company
or by you during the Change of Control Period shall be communicated by a notice of termination to the other party hereto (the “Notice of Termination”). The Notice of Termination shall indicate the specific termination provision in
this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of your employment under the provision so indicated. The date of your termination of employment with the
Company (the “Date of Termination”) shall be determined as follows: (i) if your employment is terminated for Disability, thirty (30) calendar days after a Notice of Termination is received by you (provided that you shall
not have returned to the full-time performance of your duties during such thirty (30) calendar day period), (ii) if your employment is terminated by the Company in an Involuntary Termination, the later of the date specified in the Notice
of Termination or five (5) calendar days after the date the Notice of Termination is received by you, (iii) if you terminate your employment for Good Reason, five (5) calendar days after the date the Notice of Termination is received
by the Company, and (iv) if your employment is terminated by the Company for Cause, the later of the date specified in the Notice of Termination or five (5) calendar days following the date such notice is received by you. The Date of
Termination for a resignation of employment other than for Good Reason shall be the date set forth in the applicable notice. 

6. No Mitigation or Offset; D&O Insurance. 
 (a) No Mitigation or Offset. You shall not be required to mitigate the amount of any payment provided for herein by seeking other employment or otherwise, nor shall the amount of any payment or
benefit provided for herein be reduced by any compensation earned by you as the result of employment by another employer. 

(b) D&O Insurance, and Indemnification. Through at least the sixth anniversary of the Date of Termination, the Company shall
maintain coverage for you as a named insured on all directors’ and officers’ insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all other covered individuals and provide you with
at least the same corporate indemnification as it provides to other senior executives. 
 7. Confidentiality. You agree
to treat all Confidential Information as confidential information entrusted to you solely for use as an employee of the Company, and shall not divulge, reveal or transmit any Confidential Information in any way to persons not employed by the Company
at any time from the date hereof until the end of time, whether or not you continue to be an employee of the Company, unless authorized in writing by the Company. 
 8. Code Section 409A. This Agreement is intended to comply with the provisions of Section 409A of the Code and this Agreement should be interpreted accordingly; the parties intend that
any payments hereunder that would otherwise be subject to Section 409A shall be made within the short-term deferral period provided in the Treasury Regulations adopted pursuant to Section 409A. Without limiting any of the foregoing and
notwithstanding anything to the contrary contained herein, if you are a “specified employee,” as defined in Section 409A of the Code, at the time you would otherwise be entitled to receive any specific payment

  
 4 

 
hereunder, no distributions shall be made with respect to that specific payment until the earliest date permitted by Section 409A(a)(2) of the Code. All other payments that do not result in
any additional payments, liability or penalties under the Code shall be made as specified. 
 9. Certain Reduction of
Payments by the Company. 
 (a) Best Net. Anything in this Agreement to the contrary notwithstanding,
in the event that the independent auditors of the Company (the “Accounting Firm”) determine that receipt of all payments or distributions in the nature of compensation to or for your benefit, whether paid or payable pursuant to this
Agreement or otherwise (“Payments”), would subject you to tax under Section 4999 of the Code, the Payments paid or payable pursuant to this Agreement (the “COC Payments”), including payments made with respect
to equity-based compensation accelerated pursuant to Section 4(d) hereof, but excluding payments made with respect to Sections 4(a)(i) and 4(a)(ii) hereof (except as provided below), may be reduced (but not below zero) to the Reduced Amount,
but only if the Accounting Firm determines that the Net After-Tax Receipt of unreduced aggregate Payments would be equal to or less than the Net After-Tax Receipt of the aggregate Payments as if the COC Payments were reduced to the Reduced Amount.
If such a determination is not made by the Accounting Firm, you shall receive all COC Payments to which you are entitled under this Agreement. 
 (b) Reduced Amount. If the Accounting Firm determines that COC Payments should be reduced to the Reduced Amount, the Company shall promptly give you notice to that effect and a copy of the detailed
calculation thereof. Absent manifest error, all determinations made by the Accounting Firm under this Section 9 shall be binding upon you and the Company and shall be made as soon as reasonably practicable and in no event later than twenty
(20) business days following the Change of Control Date, or such later date on which there has been a Payment. For purposes of reducing the COC Payments to the Reduced Amount, only amounts payable under this Agreement (and no other Payments)
shall be reduced. The reduction of the COC Payments, if applicable, shall be made by reducing the payments and benefits hereunder in the following order, and only to the extent necessary to achieve the Reduced Amount: 

The Company shall reduce or eliminate the COC Payments, by first reducing or eliminating the portion of the COC Payments which are not
payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from the determination. 

All fees and expenses of the Accounting Firm in implementing the provisions of this Section 9 shall be borne by the Company. To the
extent requested by you, the Company shall cooperate with you in good faith in valuing services provided or to be provided by you (including without limitation, your agreeing to refrain from performing services pursuant to a covenant not to compete
or similar covenant) before, on or after the date of a change in ownership or control of the Company (within the meaning of Q&A-2(b) of the Treasury Regulations adopted under Section 280G of the Code (the “Regulations”)),
such that payments in respect of such services may be considered reasonable 

  
 5 

 
compensation within the meaning of Q&A-9 and Q&A-40 to Q&A-44 of the Regulations and/or exempt from the definition of the term “parachute payment” within the meaning of
Q&A-2(a) of the Regulations in accordance with Q&A-5(a) of the Regulations. 
 (c) Subsequent
Adjustment. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that amounts will have been paid or distributed by the
Company to you or for your benefit pursuant to this Agreement which should not have been so paid or distributed (“Overpayment”) or that additional amounts which will have not been paid or distributed by the Company to you or for
your benefit pursuant to this Agreement could have been so paid or distributed (“Underpayment”), in each case, consistent with the calculation of the Reduced Amount hereunder. In the event that the Accounting Firm, based upon the
assertion of a deficiency by the Internal Revenue Service against either the Company or you that the Accounting Firm believes has a high probability of success, determines that an Overpayment has been made, you shall pay any such Overpayment to the
Company; provided, however, that no amount shall be payable by you to the Company if and to the extent such payment would not either reduce the amount of taxes to which you are subject under Sections 1 and 4999 of the Code or
generate a refund of such taxes. In the event that the Accounting Firm, based upon controlling precedent or substantial authority, determines that an Underpayment has occurred, any such Underpayment shall be paid promptly (and in no event later than
sixty (60) days following the date on which the Underpayment is determined) by the Company to you or for your benefit. 

10. Successors; Binding Agreement. 
 (a) Assumption by Successor. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or
assets of the Company expressly to assume and to agree to perform its obligations under this Agreement in the same manner and to the same extent that the Company would be required to perform such obligations if no such succession had taken place;
provided, however, that no such assumption shall relieve the Company of its obligations hereunder. As used herein, the “Company” shall mean the Company as hereinbefore defined and any successor to its
business or assets as aforesaid which assumes and agrees to perform its obligations by operation of law or otherwise. 
 (b) Enforceability; Beneficiaries. This Agreement shall be binding upon and inure to the benefit of you (and your personal representatives and heirs) and the Company and any organization which
succeeds to substantially all of the business or assets of the Company, whether by means of merger, consolidation, acquisition of all or substantially all of the assets of the Company or otherwise, including, without limitation, as a result of a
Change of Control or by operation of law. This Agreement shall inure to the benefit of and be enforceable by your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If you should die
while any amount would still be payable to you hereunder if you had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to your devisee, legatee or other designee or, if
there is no such designee, to your estate. 

  
 6 

 11. Definitions. For purposes of this Agreement, the following capitalized terms have
the meanings set forth below: 
 (a) “Accounting Firm” has the meaning assigned thereto in
Section 9 hereof. 
 (b) “Accrued Obligations” shall mean all compensation earned or
accrued through the Termination Date but not paid as of the Termination Date, including base salary, bonus for the prior performance year, accrued but unused vacation, and reimbursement of business expenses accrued in accordance with the
Company’s business expense reimbursement policies. 
 (c) “Adjusted Base Salary” means the
greater of your base salary in effect immediately prior to (i) the Change of Control Date or (ii) the Date of Termination. 
 (d) “Agreement” has the meaning assigned thereto in the second introductory paragraph hereof. 
 (e) “Benefit Continuation Period” means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month
anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer. 

(f) “Board” has the meaning assigned thereto in the first introductory paragraph hereof. 

(g) “Bonus Opportunity” for any performance year means your maximum cash bonus opportunity for that year,
on the assumption that the Company achieves all applicable performance targets and that you achieve all applicable individual performance criteria. 
 (h) “Cause” shall mean (i) your engaging in willful and continued failure to substantially perform your material duties with the Company (other than due to becoming Disabled);
provided, however, that the Company shall have provided you with written notice of such failure and such failure is not cured by you within twenty (20) calendar days of such notice; (ii) your engaging in misconduct that is
materially and demonstrably injurious to the Company; (iii) your conviction of, or plea of no contest to, a felony, other crime of moral turpitude; or (iv) a final non-appealable adjudication in a criminal or civil proceeding that you have
committed fraud. For purposes of the previous sentence, no act or failure to act on your part shall be deemed “willful” if it is done, or omitted to be done, by you in good faith and with a reasonable belief that it was in the best
interest of the Company. 
 (i) “Change of Control” shall mean: 

(i) any “person” (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”)) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated 

  
 7 

 
under the Exchange Act) of 30% or more of either (A) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined
voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this Section, the
following acquisitions shall not constitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company, or (iv) any acquisition pursuant to a transaction that complies with Sections 11(i)(iii)(A), (B), and (C); 
 (ii) during any period of two consecutive years (not including any period prior to the Effective Date), individuals who at the beginning of such period constituted the Board and any new directors, whose
election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least three-fourths of the directors then still in office who either were directors at the beginning of the period or whose election or
nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 

(iii) there is a consummation of a reorganization, merger, statutory share exchange or consolidation or similar
transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries
(each, a “Business Combination”), in each case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the
Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and
the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business
Combination (including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same
proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any corporation resulting from
such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 30% or more of, respectively, the then-outstanding
shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business
Combination, and (C) at least a majority of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from such Business Combination were members of the incumbent Board at the time
of the execution of the initial agreement or of the action of the Board providing for such Business Combination. 

  
 8 

 (j) “Change of Control Date” has the meaning assigned
thereto in Section 1 hereof. 
 (k) “Change of Control Period” has the meaning assigned
thereto in the second introductory paragraph hereof. 
 (l) “COC Payments” has the meaning
assigned thereto in Section 9 hereof. 
 (m) “Code” shall mean the Internal Revenue Code of
1986, as amended, and the rules and regulations promulgated thereunder. 
 (n) “Company” has the
meaning assigned thereto in the first introductory paragraph hereof. 
 (o) “Confidential
Information” shall mean all financial information, trade secrets, personnel records, training and operational manuals, records, contracts, lists, business procedures, business methods, accounts, brochures, and handbooks that was learned or
obtained by you in the course of your employment by the Company, and all other documents relating to the Company or persons doing business with the Company that are proprietary to the Company. 

(p) “Date of Termination” has the meaning assigned thereto in Section 5 hereof. 

(q) “Disability” shall mean your incapacity due to physical or mental illness as defined in the long-term
disability plan sponsored by the Company or an affiliate of the Company for your benefit and which causes you to be absent from the full-time performance of your duties. 

(r) “Effective Period” shall mean the period commencing on the date hereof and ending on the third
anniversary of the date of this Agreement; provided, however, that beginning on the third anniversary of the date of this Agreement and on each one-year anniversary thereafter (each such date a “Renewal Date”), the
Effective Period shall be automatically extended for a period of two years beginning on such Renewal Date, unless at least sixty (60) calendar days prior to such Renewal Date, the Company shall give notice that the Effective Period shall not be
so extended. 
 (s) “Good Reason” shall mean the occurrence of any of the following events or
circumstances: 
 (i) a substantial adverse change in your title, position, offices, authority, status, or the
nature of your duties or responsibilities from those in effect immediately prior to the Change of Control Date, or in the position, level, or status of the person to whom you report. 

  
 9 

 (ii) a reduction by the Company in your annual base salary, Target Bonus, or
benefits as in effect immediately prior to the Change of Control Date or as the same may be increased from time to time thereafter, other than a general reduction in benefits applicable across similarly situated executives within the Company;

 (iii) a failure by the Company to pay you material compensation or benefits when due including, without
limitation, failure by the Company to pay any relocation expenses or Other Benefits accrued prior to the Effective Date; 
 (iv) the relocation of the office of the Company where you are principally employed immediately prior to the Change of Control Date to a location which is more than forty (40) miles from such office
of the Company (except for required travel on the Company’s business to an extent substantially consistent with your customary business travel obligations in the ordinary course of business prior to the Change of Control Date); or 

(v) any failure by a successor to the Company to assume and agree to perform this Agreement, as contemplated by
Section 10(a) hereof, or any agreement with respect to your outstanding equity awards. 
 provided,
however, that no event or condition set forth in subparagraphs (i) through (iii) above shall constitute Good Reason unless (x) you give the Company written notice of your objection to such event or condition within sixty
(60) calendar days of such event or condition and (y) such event or condition is not corrected, in all material respects, by the Company within thirty (30) calendar days of its receipt of such notice; and provided, further,
however, that your mental or physical incapacity following the occurrence of an event described above in subparagraphs (i) through (v) above shall not affect your ability to terminate employment for Good Reason and that your death
following delivery of a Notice of Termination shall not affect your estate’s entitlement to the payments and benefits provided hereunder upon an Involuntary Termination. 

(t) “Involuntary Termination” shall mean, during the Change of Control Period, (i) your termination
of employment by the Company without Cause or (ii) your resignation of employment with the Company for Good Reason. 
 (u) “Net After-Tax Receipt” shall mean the present value (as determined in accordance with Section 280G(d)(4) of the Code) of a Payment net of all taxes imposed on you with respect
thereto under Sections 1 and 4999 of the Code and under applicable state and local laws, determined by applying the highest marginal rate under Section 1 of the Code and under state and local laws which applied to your taxable income for
the immediately preceding taxable year, or such other rate(s) as you certify as likely to apply to you in the relevant tax year(s). 
 (v) “Notice of Termination” has the meaning assigned thereto in Section 5 hereof. 
 (w) “Other Benefits” means, to the extent not theretofore paid or provided, any other amounts or benefits required to be paid or provided to you or that you are eligible to receive under
any plan, program, policy, practice, contract or agreement of 

  
 10 

 
the Company in accordance with such applicable terms at the time of the Date of Termination. Nothing herein shall prohibit the Company from changing, modifying, amending, or eliminating any
benefit plans in accordance with the terms of such plans prior to the Date of Termination, with or without prior notice. 
 (x) “Overpayment” has the meaning assigned thereto in Section 9 hereof. 
 (y) “Pro Rata Bonus” means a pro rata portion of your Bonus Opportunity for the performance year in which the Date of Termination occurs, calculated based on the number of days that you
are employed in the performance year up through and including the Date of Termination. 
 (z)
“Payment” has the meaning assigned thereto in Section 9 hereof. 
 (aa) “Reduced
Amount” shall mean $1,000.00 less than the greatest amount of COC Payments that can be paid that would not result in the imposition of the excise tax under Section 4999 of the Code. 

(bb) “Target Bonus” for any year means your total cash target, but not maximum, bonus for that year, on
the assumption that the Company has achieved, but not exceeded, all applicable performance targets and that you have achieved, but not exceeded, all applicable individual performance criteria. 

(cc) “Underpayment” has the meaning assigned thereto in Section 9 hereof. 

(dd) “Tax Authority” has the meaning assigned thereto in Section 9 hereof. 

12. Notice. For the purpose of this Agreement, notices and all other communications provided for in this Agreement shall be in
writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the Board of Directors, LKQ Corporation, 120 North LaSalle Street, Suite 3300,
Chicago, IL 60602, with a copy to the General Counsel of the Company, or to you at the address set forth on the first page of this Agreement or to such other address as either party may have furnished to the other in writing in accordance herewith,
except that notice of change of address shall be effective only upon receipt. 
 13. Release. As a condition to
receiving any payments or benefits pursuant to this Agreement by reason of your death, Disability or Involuntary Termination, you (or in the case of your death, the executor of your estate) must execute a waiver and release of claims, including
confidentiality and non-disparagement covenants, substantially in the form approved by the Company prior to the Change of Control Date (as set forth on Exhibit A attached hereto) (a “Waiver and Release”), and such Waiver and
Release must be delivered to the Company no later than 60 days after the end of your taxable year in which occurs the later of (i) the Change of Control Date or (ii) the termination of your employment with the Company. 

  
 11 

 14. Arbitration. Any dispute or controversy arising under or in connection with this
Agreement that cannot be mutually resolved by the parties hereto shall be settled exclusively by arbitration in Chicago, Illinois under the employment arbitration rules of the American Arbitration Association before one arbitrator of exemplary
qualifications and stature, who shall be selected jointly by the Company and you, or, if the Company and you cannot agree on the selection of the arbitrator, such arbitrator shall be selected by the American Arbitration Association. Judgment may be
entered on the arbitrator’s award in any court having jurisdiction. The parties hereby agree that the arbitrator shall be empowered to enter an equitable decree mandating specific enforcement of the terms of this Agreement. The Company agrees
to pay as incurred, to the fullest extent permitted by law, the costs and fees of the arbitration, including all legal fees and expenses which you may reasonably incur as a result of any contest (regardless of the outcome thereof) by the Company,
you or others of the validity or enforceability of, or liability under, any provision of this Agreement (including as a result of any contest by you about the amount of any payment pursuant to this Agreement), plus in each case interest on any
delayed payment at the applicable Federal rate provided for in Section 7872(f)(2)(A) of the Code. 
 15.
Miscellaneous. 
 (a) Amendments, Waivers, Etc. No provision of this Agreement may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to in writing. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to
be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the
subject matter hereof have been made by either party which are not expressly set forth in this Agreement and this Agreement shall supersede all prior agreements, negotiations, correspondence, undertakings and communications of the parties, oral or
written, with respect to the subject matter hereof. 
 (b) Validity. The invalidity or unenforceability of
any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

(c) Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same instrument. 
 (d) No Contract of
Employment. Nothing in this Agreement shall be construed as giving you any right to be retained in the employ of the Company or shall affect the terms and conditions of your employment with the Company prior to the commencement of the Change of
Control Period. 
 (e) Withholding. Amounts paid to you hereunder shall be subject to all applicable
federal, state and local withholding taxes. 
 (f) Source of Payments. All payments provided under this
Agreement shall be paid in cash from the general funds of the Company, and no special or separate 

  
 12 

 
fund shall be established, and no other segregation of assets made, to assure payment. You will have no right, title or interest whatsoever in or to any investments which the Company may make to
aid it in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company. 

(g) Headings. The headings contained in this Agreement are intended solely for convenience of reference and shall
not affect the rights of the parties to this Agreement. 
 (h) Governing Law. This Agreement shall be
subject to the laws of the state of Delaware, without regard to conflicts of law. 
 (i) Effect on Benefit Plans. In the
event of any inconsistency between the provisions of this agreement and the provisions of any benefit plan of the Company, the provisions that are more favorable to you shall control. 

*    *    *    *    * 

By signing below, you acknowledge that this Agreement sets forth our agreement on the subject matter hereof. Kindly sign and return to
the Company the enclosed copy of this letter which will then constitute our agreement on this subject. 
  

			
	 Sincerely,
  

LKQ CORPORATION

		
	By:	 	 /s/ VICTOR M. CASINI

	Name:	 	Victor M. Casini
	Title:	 	Senior Vice President and General Counsel

 Agreed to as of this 14th day of March, 2011 
  

	
	 /s/ MICHAEL S. CLARK

	Michael S. Clark,
	Vice President of Finance and Controller

  
 13 

 EXHIBIT A 

WAIVER AND GENERAL RELEASE AGREEMENT 
 This Waiver and Release Agreement (this “Release”) is entered into as of the date indicated on the signature page of this Release by and between LKQ Corporation, a Delaware corporation
(the “Company”) and                      (“Employee”). Employee has been employed by the Company, and the
parties are entering into this Release because the employment relationship is ending, without fault or wrongdoing on the part of either the Company or Employee, who agree as follows: 

1. Release. (a) In exchange for the valuable consideration set forth in the Change of Control Agreement dated as of
                    , 20     (the “Letter Agreement”), between Employee and the Company, the
receipt and adequacy of which are herein acknowledged, Employee hereby agrees to release and forever discharge the Company and its present, former and future partners, shareholders, affiliates, direct and indirect parents, subsidiaries, successors,
directors, officers, employees, agents, attorneys, heirs and assigns (the “Released Parties”), from any and all claims, actions and causes of action (the “Claims”) arising out of (i) his employment relationship
with and service as an employee of the Company and its affiliates, and the termination of such relationship or service, or (ii) any event, condition, circumstance or obligation that occurred, existed or arose on or prior to the date hereof,
including, but not limited to any Claims under Title VII of the Civil Rights Act of 1964, the Rehabilitation Act of 1973, the Americans With Disabilities Act of 1990, the Civil Rights Act of 1866, the Civil Rights Act of 1991, the Employee
Retirement Income Security Act of 1974, the Family and Medical Leave Act of 1993, the California Fair Employment and Housing Act; the California Workers’ Compensation Act; the California Unruh and Ralph Civil Rights Laws; the California Alcohol
and Drug Rehabilitation Law and any other federal, state or local law, statute, regulation or ordinance, or law of any foreign jurisdiction, whether such Claim arises under statute or common law and whether or not Employee is presently aware of the
existence of such Claim. Employee also forever releases, discharges and waives any right he may have to recover in any proceeding brought by any federal, state or local agency against the Released Parties to enforce any laws. To ensure that this
Release is fully enforceable in accordance with its terms, Employee agrees to waive any and all rights to any Claims, whether or not he knows or suspects them to exist in his favor, which if known to him would have materially affected his execution
of this Release. Notwithstanding the foregoing, this Release does not apply to Employee’s rights, claims, or benefits under the Letter Agreement or to Employee’s rights, if any, to payment of benefits pursuant to any employee benefit plan.

 (b) To ensure that this Release is fully enforceable in accordance with its terms, Employee hereby agrees to waive any and
all rights under Section 1542 of the California Civil Code (to the extent applicable) as it exists from time to time, which provides: 
 A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially
affected his settlement with the debtor. 

  
 A-1

 In addition, to ensure that this Release is fully enforceable in accordance with its
terms, Employee hereby agrees to waive any protection that may exist under any comparable or similar statute and under any principle of common law of the United States or any and all States. 

EMPLOYEE UNDERSTANDS THAT, BY SIGNING THIS RELEASE, EMPLOYEE WILL HAVE WAIVED ANY RIGHT THAT HE MAY HAVE TO BRING A LAWSUIT OR MAKE
ANY CLAIM AGAINST THE COMPANY AND THE RELEASED PARTIES BASED ON ANY ACT OR OMISSIONS BY THEM UP TO THE DATE OF SIGNING THIS AGREEMENT. 
 (c) In further consideration of the payments and benefits provided to Employee under the Letter Agreement, Employee hereby releases and forever discharges the Released Parties from any and all Claims
that he may have as of the date he signs this Release arising under the federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder (“ADEA”). By signing this
Release, Employee hereby acknowledges and confirms the following: (i) he was advised by the Company in connection with his termination to consult with an attorney of his choice prior to signing this Release and to have such attorney explain to
him the terms of this Release, including, without limitation, the terms relating to his release of claims arising under the ADEA; (ii) if Employee is 40 years of age or older as of the date of execution of this Release, he was given a period of
not fewer than 21 calendar days to consider the terms of this Release and to consult with an attorney of his choosing with respect thereto; and (iii) he is providing the release and discharge set forth in this Paragraph 1(c) only in exchange
for consideration in addition to anything of value to which he is already entitled. 
 2. No Legal Claim. Employee
has not commenced any legal action, which term includes, without limitation, any demand for arbitration proceedings and any charge, complaint, filing or submission with any federal, state or local agency, court or other tribunal, to assert any Claim
against a Released Party, and covenants and agrees not to do so in the future with respect to the matters released herein. If Employee commences or joins any legal action against a Released Party, Employee agrees that such an action is prohibited by
this Release, and further agrees to promptly indemnify such Released Party for its reasonable costs and attorneys fees incurred in defending such action as well as forfeit or return any monetary judgment obtained by Employee against any Released
Party in such action. Nothing in this Paragraph 2 is intended to reflect any party’s belief that Employee’s waiver of claims under the ADEA is invalid or unenforceable under this Release, it being the intent of the parties that such claims
are waived. 
 3. Nondisparagement. Employee agrees to refrain, except as required by law or in connection with a
judicial proceeding, from making directly or indirectly, now or at any time in the future, any written or oral statements, representations or other communications that disparage or are otherwise damaging to the business or reputation of the Released
Parties. 

  
 A-2

 4. Continuing Obligations. This Release shall not supersede any continuing
obligations Employee may have under the terms of the Letter Agreement or any other agreement between Employee and the Company. 

5. Disclaimer. Employee hereby certifies that Employee has read the terms of this Release, that Employee has been advised by the
Company to consult with an attorney of Employee’s own choice prior to executing this Release, that Employee has had an opportunity to do so, and that Employee understands the provisions and consequences of this Release. Employee further
certifies that the Company has not made any representation to Employee concerning this Release other than those contained herein. 
 6. Governing Law. This Release will be governed by and construed in accordance with the laws of the State of Delaware. 
 7. Separability of Clauses. If any provisions of this Release shall be finally determined to be invalid or unenforceable under applicable law by a court of competent jurisdiction, that part shall
be ineffective to the extent of such invalidity or unenforceability only, without in any way affecting the remaining provisions of this Release. 
 8. Counterparts. This Release may be executed by the parties hereto in counterparts, each of which shall be deemed an original, but both such counterparts shall together constitute one and the same
document. 
 9. Effectiveness. This Release shall be effective only when it has been executed by Employee and the
executed original has been returned to the Company, and any applicable revocation period has expired. 

  
 A-3

 IN WITNESS WHEREOF, the Company has caused this Release to be signed by its duly authorized
officer, and Employee has executed this Release as of the day and year indicated below Employee’s signature. 
  

			
	LKQ CORPORATION
		
	By:	 	  

		 	 Name:

Title:

 If Employee
is 40 years of age or older as of the date of execution of this Release, Employee shall have the right to revoke this Release during the seven-day period (the “Revocation Period”) commencing immediately following the date he signs
and delivers this Release to the Company. The Revocation Period shall expire at 5:00 p.m. [INSERT TIME ZONE] Time on the last day of the Revocation Period; provided, however, that if such seventh day is not a business day, the
Revocation Period shall extend to 5:00 p.m. on the next succeeding business day. In the event Employee revokes this Release, all obligations of the Company under this Release and under any agreement which are conditional upon this Release shall
terminate and be of no further force and effect as of the date of such revocation. No such revocation by Employee shall be effective unless it is in writing and signed by him and received by the Company prior to the expiration of the Revocation
Period at the following address: 
 LKQ Corporation 

ATTN: General Counsel 
 120 North LaSalle Street, Suite 3300 
 Chicago, IL
60602 
  

	
	I HAVE READ AND AGREE
	TO THIS RELEASE:
	
	  

	 Name:

Date:

  
 A-4Transition and Consulting Agreement

 Exhibit 10.1 
 NVIDIA CORPORATION 
 March 15, 2011 

Mr. David L. White 
 c/o NVIDIA
Corporation 
 2701 San Tomas Expressway 

Santa Clara, CA 95050 
  

	Re:	Transition and Consulting Agreement 

Dear David: 
 This letter is the transition and
consulting agreement (the “Agreement”) between you and NVIDIA Corporation (the “Company”). 
 1.
RESIGNATION AND TRANSITION. 
 (a) Resignation and Resignation Date. You
hereby resign from your position as Chief Financial Officer, effective as of March 17, 2011 (“Resignation Date”). In order to assist the Company with a smooth transition after the Resignation Date, you will continue to remain employed
by the Company (and the Company will continue to pay you your current monthly base salary) until your employment ends on May 31, 2011 (the “Transition Date”). On the Transition Date, the Company will pay you all accrued salary earned
through the Transition Date, subject to standard payroll deductions and withholdings, which you are entitled to regardless of whether or not you sign this Agreement. In addition, pursuant to the Company’s Fiscal 2011 Variable Compensation Plan,
as amended, which is designed to provide variable cash compensation to certain officers, directors, managers and qualifying senior contributors upon the achievement of corporate and individual performance goals for the fiscal year from
February 1, 2010 to January 30, 2011, you will receive $259,875 on March 31, 2011, which is the same day the other participants under the plan will receive their incentive payments. 

(b) Transition Period. Between the Resignation Date and the Transition Date (the “Transition Period”), you will make
yourself available to perform your assigned duties and responsibilities. During the Transition Period, you will continue to abide by all of your contractual and legal obligations to the Company, and will continue to abide by the Company’s
policies and procedures. 
 (c) Transition Payment. If you execute this Agreement and comply with its
terms, and reconfirm your release of claims by executing the Transition Date Release attached as Exhibit A hereto on or within 21 days after the Transition Date and allowing it to become effective in accordance with its terms, the Company
will pay you a lump sum payment of $128,333.34, subject to standard payroll deductions and withholdings, on the
30th day following the Transition Date (the
“Transition Payment”). It is intended that each payment under this Agreement (i) be regarded as a separate “payment” for purposes of Treasury Regulations Section 1.409A-2(b)(2)(i) and (ii) be exempt from
Section 409A of the Internal Revenue Code under Treasury Regulation Section 1.409A-1(b)(4) and be implemented and construed in accordance therewith to the greatest extent permitted under applicable law. 

(d) Health Insurance. Subject to your election of continued medical insurance coverage in accordance with the applicable
provisions of state and federal law (commonly referred to as “COBRA”), as part of this Agreement, and subject to the effectiveness of the Transition Date Release, the Company shall pay to you, on the first day of each month after the
Transition Date, a fully taxable cash payment equal to the applicable COBRA premiums for that month (including premiums for you and your eligible dependents who have elected and remain enrolled in such

 David White 
 March 15, 2011 
  Page
 2
 of 10 
  

 
COBRA coverage), subject to applicable tax withholdings (such amount, the “Special Cash Payment”), for a number of months equal to the lesser of (i) the duration of the period in
which you and your eligible dependents are enrolled in such COBRA coverage (and not otherwise covered by another employer’s group health plan) and (ii) eighteen (18) months. You may, but are not obligated to, use such Special Cash Payment
toward the cost of COBRA premiums. In the event you become covered under another employer’s group health plan or otherwise cease to be eligible for COBRA during the period provided in this paragraph, you must immediately notify the Company of
such event and the Company shall cease payment of the Special Cash Payments. 
 2. CONSULTING
AGREEMENT. To further support transition, the Company will retain you as a consultant under the terms specified below if you execute this Agreement, comply with its terms, reconfirm your release of claims by executing the
Transition Date Release attached as Exhibit A hereto on or within 21 days after the Transition Date, and allow it to become effective in accordance with its terms. 
 (a) Consulting Period. The consulting relationship commences on the Transition Date (without any disruption in your status as a service provider) and continues until August 31, 2011, unless
terminated earlier pursuant to Paragraph 2(h) below or extended by agreement of you and the Company (the “Consulting Period”). Any agreement to extend the Consulting Period after August 31, 2011 must be set forth in a writing signed
by you and the CEO of the Company. 
 (b) Consulting Services. You agree to provide consulting services to the Company in
any area of your expertise, including but not limited to generally supporting finance and accounting activities, supporting the transition of responsibilities to the interim CFO and full-time CFO, when hired, and being available for questions and
issues that arise related to the fiscal 2012 financial plan, the closing of fiscal quarters and tax, facilities and IT matters (the “Consulting Services”). During the Consulting Period, you will report directly to the CEO or as otherwise
specified by the CEO. You agree to exercise the highest degree of professionalism and utilize your expertise and creative talents in performing these services. You agree to make yourself available to perform such consulting services throughout the
Consulting Period, up to a maximum of twenty (20) hours per week. You will not be required to report to the Company’s offices during the Consulting Period, except as specifically requested by the Company. 

(c) Independent Contractor Relationship. Your relationship with the Company during the Consulting Period will be that of an
independent contractor, and nothing in this Agreement is intended to, or should be construed to, create a partnership, agency, joint venture or employment relationship after the Transition Date. You will not be entitled to any of the benefits which
the Company may make available to its employees, including but not limited to, group health or life insurance, profit-sharing or retirement benefits. 
 (d) Consulting Fees. During the Consulting Period, and provided that you remain in compliance with this Agreement, you will receive as consulting fees $35,416.66 per month (“Consulting
Fees”). Because you will be providing the Consulting Services as an independent contractor, the Company will not withhold any amount for taxes, social security or other payroll deductions from the Consulting Fees. The Company will report the
Consulting Fees on an IRS Form 1099. You acknowledge that you will be entirely responsible for payment of any taxes that may be due on the Consulting Fees, and you hereby indemnify, defend and save harmless the Company, and its officers and
directors in their individual capacities, from any liability for any taxes, penalties or interest that may be assessed by any taxing authority with respect to the Consulting Fees, with the exception of the employer’s share of social security,
if any, which will be paid by the Company. The Consulting Fees will be paid on the 

 David White 
 March 15, 2011 
  Page
 3
 of 10 
  

 
last business day of each respective calendar month of service during the Consulting Period (pro-rated for any partial months of service). 

(e) Limitations on Authority. You will have no responsibilities or authority as a consultant to the Company other than as provided
above. You will have no authority to bind the Company to any contractual obligations, whether written, oral or implied, except with the written authorization of the CEO. You agree not to represent or purport to represent the Company in any manner
whatsoever to any third party unless authorized by the Company, in writing, to do so. 
 (f) Confidential Information and
Inventions. You agree that, during the Consulting Period and thereafter, you will not use or disclose any confidential or proprietary information or materials of the Company, including any confidential or proprietary information that you obtain
or develop in the course of performing the Consulting Services. Any and all work product you create in the course of performing the Consulting Services will be the sole and exclusive property of the Company. You hereby assign to the Company all
right, title, and interest in all inventions, techniques, processes, materials, and other intellectual property developed in the course of performing the Consulting Services. You further acknowledge and reaffirm your continuing obligations under the
Employee Confidentiality and Inventions Assignment Agreement entered into between you and the Company (the “Confidential Information Agreement,” a copy of which has been provided to you and is incorporated herein by reference). 

(g) Other Work Activities. Throughout the Consulting Period, you retain the right to engage in employment, consulting, or other
work relationships in addition to your work for the Company. The Company will make reasonable arrangements to enable you to perform your work for the Company at such times and in such a manner so that it will not interfere with other activities in
which you may engage. In order to protect the trade secrets and confidential and proprietary information of the Company, you agree that, during the Consulting Period, you will notify the Company, in writing, before you obtain employment with or
perform competitive work for any business entity, or engage in any other work activity that is competitive with the Company. If you engage in such competitive activity without the Company’s express written consent, or otherwise materially
breach this Agreement, then (in addition to any other rights and remedies available to the Company at law, in equity or by contract), the Company’s obligation to pay you Consulting Fees (as defined below) will cease immediately. 

(h) Termination of Consulting Period. Without waiving any other rights or remedies, the Company may terminate immediately the
Consulting Period and its corresponding obligation to pay you Consulting Fees upon your breach of any provision of this Agreement. Further, you may terminate the Consulting Period at any time, for any reason, upon written notice to the Company,
which termination shall extinguish the Company’s obligation to pay you any further Consulting Fees. Upon termination of the Consulting Period by either party, the Company will pay only those Consulting Fees earned and expenses incurred through
and including the effective date of such termination. 
 3. STOCK OPTIONS,
STOCK, AND RESTRICTED STOCK UNITS. You currently have options to purchase shares of the Company’s common stock (the “Options”) and restricted stock units
(“RSUs”) pursuant to the Company’s 2007 Equity Incentive Plan (the “Plan”). Under the terms of the Plan (and your award agreements), vesting of the Options and RSUs will continue during the Transition Period and the
Consulting Period based on your Continuous Service (as defined in the Plan) and will cease as of the end of the Consulting Period. Your rights to exercise your vested Options will be as set forth in the Plan. Your unvested RSUs will expire
upon the termination of your 

 David White 
 March 15, 2011 
  Page
 4
 of 10 
  

 
Continuous Service but in no event later than the end of the Consulting Period. Nothing herein shall be deemed to modify the terms of your Options or RSUs. 

4. OTHER COMPENSATION OR BENEFITS. You acknowledge that, except as
expressly provided in this Agreement, you will not receive any additional compensation, severance or benefits after the Transition Date. 
 5. EXPENSE REIMBURSEMENTS. You agree that, within thirty (30) days after the Transition Date, you will submit your final documented expense reimbursement
statement reflecting all business expenses you incurred through the Transition Date, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice. 

6. RETURN OF COMPANY PROPERTY. Within ten (10) days after the
Transition Date, you agree to return to the Company all Company documents (and all copies thereof) and other Company property that you have had in your possession at any time, including, but not limited to, Company files, notes, records, financial
information, computer-recorded information, tangible property, computer, printer, blackberry and other handheld devices, entry cards, identification badges and keys; and, any materials of any kind that contain or embody any proprietary or
confidential information of the Company (and all reproductions thereof); provided, however, that during the Consulting Period only, the Company will permit you to retain, receive, and/or use any documents and/or information reasonably necessary to
perform the Consulting Services, all of which equipment, documents and information you must return to the Company upon request and not later than the last day of the Consulting Period. 

7. NONDISPARAGEMENT. You agree not to disparage the Company or the Company’s officers, directors, employees,
shareholders, parents, subsidiaries, affiliates, and agents, in any manner likely to be harmful to them or their business, business reputation or personal reputation; provided that you may respond accurately and fully to any question, inquiry or
request for information when required by legal process. Similarly, the Company, will request that its officers and directors, likewise agree not to disparage you in any manner likely to be harmful to you, your business or personal reputation;
provided that they may respond accurately and fully to any question, inquiry or request for information when required by legal process. 
 8. COOPERATION. You agree to cooperate fully with the Company in connection with its actual or contemplated defense, prosecution, or investigation of any claims or demands by or
against third parties, or other matters arising from events, acts, or failures to act that occurred during the period of your employment by the Company. Such cooperation includes, without limitation, making yourself available to the Company upon
reasonable notice, without subpoena, to provide truthful and accurate information in witness interviews and deposition and trial testimony. The Company will reimburse you for reasonable out-of-pocket expenses you incur in connection with any such
cooperation (excluding forgone wages, salary, or other compensation) and will make reasonable efforts to accommodate your scheduling needs. In addition, you agree to execute all documents (if any) necessary to carry out the terms of this Agreement
and to immediately resign as an officer and/or director of any Company entities worldwide upon request by the Company. 
 9.
RELEASE OF CLAIMS. 
 (a) General Release. In exchange for the Transition
Payment, Consulting Agreement and other consideration provided to you by this Agreement that you are not otherwise entitled to receive, you hereby generally and completely release the Company and its current and former directors, officers,
employees, shareholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all claims, 

 David White 
 March 15, 2011 
  Page
 5
 of 10 
  

 
liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to your signing this Agreement. 

(b) Scope of Release. This general release includes, but is not limited to: (1) all claims arising out of or in any way
related to your employment with the Company, or the termination of that employment; (2) all claims related to your compensation or benefits from the Company, including salary, bonuses, commissions, vacation pay, expense reimbursements,
severance pay, fringe benefits, stock, stock options, restricted stock units, or any other ownership interests in the Company; (3) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good faith and
fair dealing; (4) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (5) all federal, state, and local statutory claims, including claims for discrimination,
harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Age Discrimination in Employment Act of 1967 (as amended) (the “ADEA”), the federal Americans with
Disabilities Act of 1990, and the California Fair Employment and Housing Act (as amended). 
 (c) Exceptions. You are not
releasing any claim that cannot be waived under applicable state or federal law. You are not releasing any rights that you have to be indemnified (including any right to reimbursement of expenses) arising under applicable law, the certificate of
incorporation or by-laws (or similar constituent documents of the Company), any indemnification agreement between you and the Company, or any directors’ and officers’ liability insurance policy (or other insurance policy) of the Company.
Nothing in this Agreement shall prevent you from filing, cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission, the Department of Labor, the California Department of Fair Employment and Housing, or
any other government agency, except that you acknowledge and agree that you shall not recover any monetary benefits in connection with any such claim, charge or proceeding with regard to any claim released herein. Nothing in this Agreement shall
prevent you from challenging the validity of the release in a legal or administrative proceeding. 
 10. ADEA
WAIVER. You acknowledge that you are knowingly and voluntarily waiving and releasing any rights you have under the ADEA (“ADEA Waiver”). You also acknowledge that the consideration given for the ADEA Waiver is in
addition to anything of value to which you were already entitled. You further acknowledge that you have been advised by this writing, as required by the ADEA, that: (a) your ADEA Waiver does not apply to any rights or claims that arise after
the date you sign this Agreement; (b) you should consult with an attorney prior to signing this Agreement; (c) you have twenty-one (21) days to consider this Agreement (although you may choose voluntarily to sign it sooner);
(d) you have seven (7) days following the date you sign this Agreement to revoke it (in a written revocation sent to me); and (e) this Agreement will not be effective until the date upon which the revocation period has expired, which
will be the eighth day after you sign this Agreement (the “Effective Date”). 
 11.
SECTION 1542 WAIVER. YOU UNDERSTAND THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. In giving the release herein, which includes claims which may be unknown to you at present, you
acknowledge that you have read and understand Section 1542 of the California Civil Code, which reads 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.” 

 David White 
 March 15, 2011 
  Page
 6
 of 10 
  

 
You hereby expressly waive and relinquish all rights and benefits under that section and any law of any other jurisdiction of similar effect with respect to your release of any unknown or
unsuspected claims herein. 
 12. REPRESENTATIONS. You hereby represent that you have been paid all
compensation owed and for all hours worked, have received all the leave and leave benefits and protections for which you are eligible, pursuant to the Family and Medical Leave Act, the California Family Rights Act or otherwise, and have not suffered
any on-the-job injury for which you have not already filed a claim. 
 13. GENERAL. This Agreement,
including Exhibit A, constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to this subject matter. It is entered into without reliance on any promise or representation, written or
oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations. This Agreement may not be modified or amended except in a writing signed by both you and a duly authorized officer of the
Company. This Agreement will bind the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, their heirs, successors and assigns. If any provision of this Agreement
is determined to be invalid or unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement and the provision in question will be modified by the court so as to be rendered enforceable to the fullest
extent permitted by law, consistent with the intent of the parties. This Agreement will be deemed to have been entered into and will be construed and enforced in accordance with the laws of the State of California as applied to contracts made and to
be performed entirely within California. 

 David White 
 March 15, 2011 
  Page
 7
 of 10 
  

 If this Agreement is acceptable to you, please sign below and return the original to me. 

We wish you the best of luck in your future endeavors. 
 Sincerely, 
 NVIDIA CORPORATION 

 

			
	 By:
	 	 /s/ David M. Shannon

		 	Executive Vice President, General Counsel and Secretary
	
	AGREED:
	
	 /s/ David L. White

	David L. White
	
	 March 15, 2011

	Date

 David White 
 March 15, 2011 
  Page
 8
 of 10 
  

 Exhibit A 
 Transition Date Release 
 In exchange for the Transition Payment, Consulting Agreement and
other consideration provided to me by this Agreement that I am not otherwise entitled to receive, I hereby generally and completely release the Company and its current and former directors, officers, employees, shareholders, partners, agents,
attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts,
conduct, or omissions occurring prior to my signing this Transition Date Release. 
 This general release includes, but is not limited to:
(1) all claims arising out of or in any way related to my employment with the Company, or the termination of that employment; (2) all claims related to my compensation or benefits from the Company, including salary, bonuses, commissions,
vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, restricted stock units, or any other ownership interests in the Company; (3) all claims for breach of contract, wrongful termination, and breach of the
implied covenant of good faith and fair dealing; (4) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (5) all federal, state, and local statutory claims,
including claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Age Discrimination in Employment Act of 1967 (as amended) (the
“ADEA”), the federal Americans with Disabilities Act of 1990, and the California Fair Employment and Housing Act (as amended). 
 I
understand that I am not releasing any claim that cannot be waived under applicable state or federal law. I am not releasing any rights that I may have to be indemnified (including any right to reimbursement of expenses) arising under applicable
law, the certificate of incorporation or by-laws (or similar constituent documents of the Company), any indemnification agreement between me and the Company, or any directors’ and officers’ liability insurance policy (or other insurance
policy) of the Company. Nothing in this Transition Date Release shall prevent me from filing, cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission, the Department of Labor, the California Department
of Fair Employment and Housing, or any other government agency, except that you acknowledge and agree that I shall not recover any monetary benefits in connection with any such claim, charge or proceeding with regard to any claim released herein.
Nothing in this Transition Date Release shall prevent me from challenging the validity of the release in a legal or administrative proceeding. 

I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the ADEA (“ADEA Waiver”). I also
acknowledge that the consideration given for the ADEA Waiver is in addition to anything of value to which I am already entitled. I further acknowledge that I have been advised by this writing, as required by the ADEA, that: (a) my ADEA Waiver
does not apply to any rights or claims that arise after the date I sign this Transition Date Release; (b) I should consult with an attorney prior to signing this Transition Date Release; (c) I have twenty-one (21) days to consider
this Transition Date Release (although I may choose voluntarily to sign it sooner); (d) I have seven (7) days following the date I sign this Transition Date Release to revoke it (in a written revocation sent to the Company); and
(e) this Transition Date Release will not be effective until the date upon which the revocation period has expired, which will be the eighth day after I sign this Transition Date Release (the “Effective Date”). 

 David White 
 March 15, 2011 
  Page
 9
 of 10 
  

 I UNDERSTAND THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. In giving the
release herein, which includes claims which may be unknown to me at present, I acknowledge that I have read and understand Section 1542 of the California Civil Code, which reads 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.” 
 I hereby expressly waive and
relinquish all rights and benefits under that section and any law of any other jurisdiction of similar effect with respect to my release of any unknown or unsuspected claims herein. 

 

	
	Agreed:
	
	  
 David L. White

	
	  
 Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}]]