Document:

Exhibit 10.1

 EXHIBIT 10.1 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement
(this “Agreement”), effective as of October 13, 2011, by and between XPO Logistics, Inc., a Delaware corporation (together with its successors and assigns, the “Company”), and Sean Fernandez
(“Employee”). 
 WHEREAS, the Company desires to employ Employee and Employee desires to accept such employment
with the Company, subject to the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the premises and
mutual covenants herein and for other good and valuable consideration, Employee and the Company agree as follows: 
 1. Term
and Duties. (a) Term. The term of Employee’s employment hereunder (the “Term”) shall begin on November 7, 2011 (the “Start Date”) and end on September 2, 2016. Notwithstanding the
foregoing, the Term may be earlier terminated by either party in accordance with the terms of Section 4 of this Agreement, and the Term shall automatically expire on the last day of the Term (the “Expiration Date”) without
notice required by any party to the other. 
 (b) Employment Duties. Employee shall perform such duties as are
customarily performed by a chief operating officer of a public company and as assigned from time to time by the Chief Executive Officer of the Company (the “CEO”), which may include without limitation: (i) integrating
acquisitions; (ii) overseeing all profit and loss activities; (iii) overseeing daily operations of all business units of the Company; and (iv) preparing recommendations and input regarding strategy, proposed acquisitions, business
development and other operating and financial matters. 
 (c) Title, Full Time Service and Other Activities. During the
Term, Employee shall serve as the Chief Operating Officer of the Company, and, excluding any periods of paid time-off or approved sick leave to which Employee is entitled, Employee shall devote his full working time, energy and attention to the
performance of his duties and responsibilities hereunder and shall faithfully and diligently endeavor to promote the business and best interests of the Company. During the Term, Employee may not, without the prior written consent of the CEO,
directly or indirectly, operate, participate in the management, operations or control of, or act as an employee, officer, consultant, partner, member, agent or representative of, any type of business or service other than as an employee and member
of the Company. It shall not, however, be a violation of the foregoing provisions of this Section 1(c) for Employee to (i) serve as an officer or director or otherwise participate in non-profit, educational, social welfare, religious and
civic organizations or (ii) manage his personal, financial and legal affairs, in each case so long as any such activities do not unreasonably interfere with the performance of his duties and responsibilities to the Company. 

 (d) Location. During the Term, Employee shall be based primarily in Wilton,
Connecticut, provided that, if the Company’s headquarters is located in the tri-state area, then Employee shall be based primarily at the Company’s headquarters, in each case, with such travel as the performance of his duties to the
Company may require. 
 2. Compensation. (a) Base Salary. During the Term, the Company shall pay Employee,
pursuant to the Company’s normal and customary payroll procedures but not less frequently than monthly, a base salary at the rate of $475,000 per annum (the “Base Salary”). The Base Salary is subject to review annually
throughout the Term by the Compensation Committee (the “Compensation Committee”) of the Board of Directors of the Company (the “Board”) in its sole discretion. 

(b) Annual Bonus. As additional compensation, Employee shall have the opportunity to earn a performance-based bonus
(“Annual Bonus”) for each year during the Term of Employee’s employment commencing in the 2012 fiscal year targeted at 100% of the Base Salary based upon Employee’s achievement of performance goals as determined by the
Compensation Committee. The performance goals applicable to the Annual Bonus shall be based on one or more of the performance criteria set forth in Section 6(e)(iv) of the Company’s 2011 Omnibus Incentive Compensation Plan (the
“2011 Plan Performance Criteria”). In determining the Annual Bonus for the 2011 fiscal year, the Compensation Committee shall take into account and attach significant importance to the amount of Employee’s foregone bonus from
his immediately prior employer. Notwithstanding anything to the contrary contained herein and without limiting any other rights and remedies of the Company (including as may be required by law), if Employee has engaged in fraud or other willful
misconduct that contributes materially to any significant financial restatements or material loss to the Company or any of its affiliates, the Company may require repayment by Employee of any cash Annual Bonus (net of any taxes paid by Employee on
such payments) previously paid to Employee, or cancel any earned but unpaid Annual Bonus or adjust the future compensation of Employee in order to recover the amount by which any compensation paid to Employee exceeded the lower amount that would
have been payable after giving effect to the restated financial results or the material loss. 
 (c) Make-Whole Payment.
In order to compensation Employee for all benefits and payments that Employee forfeited when he ceased employment with his former employer, Employee shall receive a cash payment equal to $250,000 (the “Make-Whole Payment”), which
shall be payable no later than March 15, 2012, provided that, except to the extent provided in Sections 5(d)(iii) and 5(e)(iii) of this Agreement, Employee remains continuously employed by the Company on the payment date. 

(d) Benefits. During the Term, Employee shall be eligible to participate in the benefit plans and programs of the Company that are
generally available to other members of the Company’s senior executive team, subject to the terms and conditions of such plans and programs. 
 (e) Paid-Time Off. Employee shall be entitled to 13 days paid-time off, and any holidays that are generally afforded to the Company’s employees, in each case,

  
 2 

 
per calendar year during the Term, prorated for the portion(s) of any partial calendar year during the Term. Employee may take paid-time off only with the consent of the CEO, which consent shall
not be withheld unreasonably. 
 (f) Business Expenses. The Company shall provide Employee a Company-owned wireless
smartphone and Company-owned laptop computer during the Term and shall pay or reimburse Employee for all reasonable and necessary business expenses incurred in the performance of his duties to the Company during the Term upon the presentation of
appropriate statements of such expenses. 
 3. Equity Awards. (a) Grant. On or as promptly as practicable
following the Start Date, subject to approval by the Compensation Committee, Employee shall receive (i) 150,000 restricted stock units (“RSUs”) of the Company of which (x) 55,000 RSUs (“Time-Based RSUs”)
shall be subject to time-based vesting and (y) 95,000 RSUs (“Performance-Based RSUs”) shall be subject to performance-based vesting, and (ii) options (“Options”) to purchase 55,000 shares of Company common
stock (“Shares”), with an exercise price equal to the closing price per Share as reported by the NYSE Amex LLC on the date of grant, in each case, on the terms set forth below and on such other customary terms and conditions as the
Company may require. 
 (b) Vesting and Cancellation. The RSUs and Options shall initially be unvested and, subject to
Employee’s continued employment hereunder, shall generally vest in equal annual installments of 20% each beginning on September 2, 2012 and continuing for the next four anniversaries thereof (each such date, a “Vesting
Date”) as follows: (i) 5,000 Time-Based RSUs shall vest on the first Vesting Date and 12,500 Time-Based RSUs shall vest on each the following four Vesting Dates, in each case, solely based on Employee’s continued employment,
(ii) 25,000 Performance-Based RSUs shall vest on the first Vesting Date and 17,500 Performance-Based RSUs shall vest on each of the following four Vesting Dates, in each case, subject to Employee’s achievement of performance goals as
determined by the Compensation Committee, and (iii) the Options shall vest, solely based on Employee’s continued employment, in equal annual installments of 20% on each Vesting Date. The performance goals applicable to the
Performance-Based RSUs shall be based on one or more of the 2011 Plan Performance Criteria. 
 (c) Treatment upon Termination
of Employment. All unvested RSUs and Options referenced in this Section 3 shall be forfeited upon the termination of Employee’s employment with the Company for any reason other than (i) a termination by the Company without Cause
or a termination by Employee for Good Reason and (ii) a termination due to Employee’s death or Disability. In the event that Employee’s employment with the Company is terminated by the Company without Cause or by Employee for Good
Reason, subject to the terms and conditions of Section 5(f) of this Agreement, a portion of any unvested RSUs and Options referenced in this Section 3 outstanding as of the Date of Termination shall immediately vest as determined in
accordance with the following sentence, and the balance of such RSUs and Options referenced in this Section 3 shall immediately be forfeited upon the Date of Termination. For purposes of this Section 3(c), (x) the portion of
Time-Based RSUs and Options that 

  
 3 

 
shall vest upon a termination pursuant to Section 3(c)(i) of this Agreement shall be calculated by multiplying the number of outstanding and unvested Time-Based RSUs and Options that would
otherwise have vested on the next Vesting Date by a fraction, (1) the numerator of which shall be the number of days that have elapsed between the Vesting Date immediately preceding the Date of Termination and the Date of Termination (or, if
Employee’s employment is terminated before the first Vesting Date, between September 2, 2011 and the Date of Termination), and (2) the denominator of which shall be 365, and (y) the portion of Performance-Based RSUs that
shall be eligible to vest upon a termination pursuant to Section 3(c)(i) of this Agreement shall be determined following the last day of the applicable performance period by multiplying the number of Performance-Based RSUs that would otherwise
have vested on the next Vesting Date based on the Company’s actual performance during such period by the same fraction applicable to the Time-Based RSUs and Options as set forth in Section 3(c)(x). In the event that Employee’s
employment hereunder terminates due to his death or Disability, all unvested RSUs and Options referenced in this Section 3 shall automatically vest and be settled, as applicable, within 30 days following the Date of Termination. No amounts
shall be payable by the Company at any time with respect to any unvested RSUs or Options. 
 (d) Change of Control. Upon
the occurrence of a Change of Control while Employee is still employed by the Company, all outstanding RSUs and Options shall be 100% vested. For the purposes of this Agreement, the term “Change of Control” shall have the meaning
ascribed to it in the Company’s 2011 Omnibus Incentive Compensation Plan. 
 4. Termination. Employee’s
employment hereunder shall be terminated upon the earliest to occur of any one of the following events (in which case the Term shall terminate as of the applicable Date of Termination): 

(a) Expiration of Term. Unless sooner terminated, Employee’s employment hereunder shall terminate automatically in accordance
with Section 1(a) of this Agreement on the Expiration Date, unless otherwise agreed by the parties, in which case employment will continue on an at-will basis or pursuant to the terms of any subsequent agreement between Employee and the
Company. 
 (b) Death. Employee’s employment hereunder shall terminate upon his death. 

(c) Cause. The Company may terminate Employee’s employment hereunder for Cause by written notice at any time. For purposes of
this Agreement, the term “Cause” shall mean Employee’s (i) material dereliction of duties or his negligence or substantial failure to perform his duties hereunder or willful refusal to follow any lawful directive of the
CEO or the Board; (ii) commission of any fraud, embezzlement, theft or dishonesty, or any deliberate misappropriation of money or other assets of the Company; (iii) material breach of any term of this Agreement or any agreement governing
any of the equity compensation referred to in Section 3 of this Agreement (the “Equity Compensation”), or breach of his fiduciary duties to the Company; (iv) any 

  
 4 

 
willful act, or failure to act, in bad faith to the material detriment of the Company; (v) willful failure to cooperate in good faith with a governmental or internal investigation of the
Company or any of its directors, managers, officers or employees, if the Company requests his cooperation; and (vi) conviction of, or plea of nolo contendere to, a felony or any serious crime; provided that the Company will provide Employee
with written notice describing the facts and circumstances that the Company believes constitutes Cause and, in cases where cure is possible, Employee shall first be provided a 15-day cure period. If, subsequent to Employee’s termination of
employment hereunder for any reason other than by the Company for Cause, it is determined in good faith by the CEO that Employee’s employment could have been terminated by the Company for Cause pursuant to this Section 4(c),
Employee’s employment shall, at the election of the CEO, be deemed to have been terminated for Cause retroactively to the date the events giving rise to Cause occurred. 
 (d) Without Cause. The Company may terminate Employee’s employment hereunder without Cause by written notice at any time. 

(e) Good Reason. Employee may terminate his employment hereunder for Good Reason in accordance with the terms of this
Section 4(e). For purposes of this Agreement, “Good Reason” shall mean, without first obtaining Employee’s written consent: (i) the Company materially breaches the terms of this Agreement; (ii) the assignment of
Employee to a position that is substantially inconsistent with Employee’s professional skills and experience level as of the Start Date (including, for example, a change in Employee’s status to a non-exempt employee for purposes of the
Fair Labor Standards Act); or (iii) the Company reduces the Base Salary; provided that, the Company shall first be provided a 30-day cure period (the “Cure Period”), following receipt of written notice setting forth in
reasonable detail the specific conduct of the Company that constitutes Good Reason, to cease, and to cure, any conduct specified in such written notice; provided further, that such notice shall be provided to the Company within 45 days
of the occurrence of the conduct constituting Good Reason. If, at the end of the Cure Period, the circumstance that constitutes Good Reason has not been remedied, Employee will be entitled to terminate employment for Good Reason during the 30-day
period that follows the end of the Cure Period. If Employee does not terminate employment during such 30-day period, Employee will not be permitted to terminate employment for Good Reason as a result of such event. If the Company disputes the
existence of Good Reason, Employee shall have the burden of proof to establish that Good Reason does exist or that the circumstances that gave rise to Good Reason have not been cured. For the avoidance of doubt, a change in Employee’s title or
the person to whom Employee reports shall not constitute Good Reason for purposes of this Agreement, including, without limitation, pursuant to Section 4(e)(i) or 4(e)(ii). 

(f) Voluntarily Resignation. Employee may voluntarily terminate his employment hereunder at any time upon at least 30 days’
advance written notice to the Company. 
 (g) Disability. Employee’s employment hereunder shall terminate in the
event of Employee’s Disability. For purposes of this Agreement, “Disability” shall mean 

  
 5 

 
the inability of Employee, due to illness, accident or any other physical or mental incapacity, to perform Employee’s duties for the Company for an aggregate of 180 days within any period of
12 consecutive months, which inability is determined to be total and permanent by a board-certified physician selected by the Company, and the determination of such physician shall be binding upon Employee and the Company. 

(h) “Date of Termination” shall mean: (i) the scheduled expiration of the Term in the event of
termination of Employee’s employment pursuant to Section 4(a) of this Agreement; (ii) the date of Employee’s death in the event of termination of Employee’s employment pursuant to Section 4(b) of this Agreement;
(iii) the date of the Company’s delivery of a notice of termination to Employee or such later date as specified in such notice in the event of termination by the Company pursuant to Section 4(c) or 4(d) of this Agreement;
(iv) the 30th date following delivery of
Employee’s notice to the Company of his resignation in accordance with Section 4(e) or 4(f) of this Agreement (or such earlier date as selected by the Company provided that the Company continues to pay or provide to Employee the
compensation and benefits specified under Sections 2 and 3 of this Agreement through such 30th date) and (v) the date of a determination of Employee’s Disability in the event of a termination of Employee’s employment pursuant to Section 4(g) of this Agreement. 

5. Termination Payments. (a) General. Except as otherwise set forth in this Section 5, following any termination
of Employee’s employment hereunder, the obligations of the Company to pay or provide Employee with compensation and benefits under Section 2 of this Agreement shall cease, and the Company shall have no further obligations to provide
compensation or benefits to Employee hereunder except for payment of (i) any unpaid Base Salary accrued through the Date of Termination; (ii) to the extent required by law, any unused vacation accrued through the Date of Termination, and
(iii) any unpaid or unreimbursed obligations and expenses under Section 2(f) of this Agreement accrued or incurred through the Date of Termination (collectively items (a)(i) through (a)(iii) above, the “Accrued Benefits”).
The payments referred to in Sections 5(a)(i) and (ii) of this Agreement shall be paid within 30 days following the Date of Termination. The payments referred to in Section 5(a)(iii) of this Agreement shall be paid at the times such amounts
would otherwise be paid had Employee’s services hereunder not terminated. Upon termination of Employee’s employment for any reason, all unvested RSUs and Options shall be cancelled without payment therefor except as otherwise specifically
provided in Section 3(c) or 3(d) of this Agreement. The payments and benefits to be provided to Employee under Sections 5(c), (d) and (e) of this Agreement, if any, shall in all events be subject to the satisfaction of the conditions
of Section 5(f) of this Agreement. 
 (b) Automatic Expiration of the Term, Voluntary Resignation, or Cause. If
Employee’s employment is terminated pursuant to Section 4(a), 4(c) or 4(f) of this Agreement, the Company shall have no obligation to Employee other than with respect to the Accrued Benefits. 

(c) Death or Disability. In the event of a termination by reason of Employee’s death or Disability, Employee (or his estate)
shall be entitled to: 

  
 6 

 (i) the Accrued Benefits; 

(ii) a cash payment (the “Severance Payment”) equal to two year’s Base Salary, as in effect on the Date of
Termination (payable as set forth in Section 5(f) of this Agreement), plus any Annual Bonus that the Company has notified Employee in writing that Employee has earned prior to the Date of Termination but is unpaid as of the Date of Termination,
and, solely in the case of Disability, medical and dental coverage for a period of 12 months from the Date of Termination; provided that, solely in the case of Disability, (x) any monies Employee earns from any other work, whether as an
employee or as an independent contractor, while Employee is receiving any Severance Payments, shall reduce, on a dollar-for-dollar basis, the amount that the Company is obligated to pay Employee under this Section 5(c)(ii) and (y) if
Employee secures other employment, any medical or dental benefits provided under this Section 5(c)(ii) shall cease as of the commencement of such employment; and 
 (iii) accelerated vesting of any outstanding RSUs and Options to the extent set forth in Section 3(c) of this Agreement. 
 (iv) Notwithstanding the foregoing, whenever compensation is payable to Employee hereunder as a result of a termination due to Disability during or with respect to a time that such Disability would
entitle Employee to severance, disability income or to salary continuation payments from the Company, as applicable, according to the terms of any plan now or hereafter provided by the Company or according to any policy of the Company in effect at
the time of such Disability, the compensation payable to Employee hereunder shall be reduced on a dollar-for-dollar basis by any such disability income or salary continuation and shall not be in addition thereto. If disability income is payable
directly to Employee by an insurance company under an insurance policy paid for by the Company, the compensation payable to Employee hereunder shall by reduced on a dollar-for-dollar basis by the amounts paid to Employee by said insurance company
and shall not be in addition thereto. 
 (d) Without Cause or for Good Reason. In the event that, either prior to a
Change of Control or more than two years following a Change of Control, the Company terminates Employee’s employment hereunder without Cause or Employee resigns for Good Reason, Employee shall be entitled to: 

(i) the Accrued Benefits; 
 (ii) a cash payment (the “Non-CIC Severance Payment”) equal to two year’s Base Salary, as in effect on the Date of Termination (payable as set forth in Section 5(f) of this
Agreement), plus any Annual Bonus that the Company has notified Employee in writing that Employee has earned prior to the Date of Termination but is unpaid as of the Date of Termination, and medical and dental coverage for a period of 12 months from
the Date of Termination; provided that (x) any monies Employee earns from any other work, whether as an employee or as an independent contractor, while Employee is receiving any Non-CIC Severance Payments shall reduce, on a dollar-for-dollar
basis, the amount that the Company is obligated to pay Employee under this 

  
 7 

 
Section 5(d)(ii) and (y) if Employee secures other employment, any medical or dental benefits provided under this Section 5(d)(ii) shall cease as of the commencement of such
employment; 
 (iii) solely in the case of a termination of Employee’s employment by the Company without Cause, payment of
the Make-Whole Payment to the extent not previously paid (payable as set forth in Section 5(f) of this Agreement); and 

(iv) accelerated vesting of a portion of any outstanding RSUs and Options to the extent set forth in Section 3(c) of this Agreement.

 (e) Without Cause or for Good Reason Following a Change of Control. In the event that, within two years following a
Change of Control, the Company terminates Employee’s employment hereunder without Cause or Employee resigns for Good Reason, Employee shall be entitled to: 
 (i) the Accrued Benefits; 
 (ii) a cash payment (the “CIC Severance
Payment”) equal to three times the sum of (x) the Base Salary, as in effect on the Date of Termination, and (y) the target Annual Bonus, as in effect on the Date of Termination (payable as set forth in Section 5(f) of this
Agreement), plus any Annual Bonus that the Company has notified Employee in writing that Employee has earned prior to the Date of Termination but is unpaid as of the Date of Termination, and medical and dental coverage for a period of 36 months from
the Date of Termination; and 
 (iii) solely in the case of a termination of Employee’s employment by the Company without
Cause, payment of the Make-Whole Payment to the extent not previously paid (payable as set forth in Section 5(f) of this Agreement). 
 (f) Conditions Precedent and Subsequent. The payments and benefits provided under Sections 5(c), 5(d) and 5(e) of this Agreement (other than the Accrued Benefits and other than in the event of
termination by reason of Employee’s death or Disability) are subject to and conditioned upon (i) Employee having provided, within 30 days after the Date of Termination (or such greater period as required by law), an irrevocable waiver and
general release agreement in a form satisfactory to the Company that has become effective and irrevocable in accordance with its terms, and (ii) Employee’s compliance with Sections 6 and 7 of this Agreement. Employee shall, upon
request by the Company, be required to repay to the Company (net of any taxes paid by Employee on such payments), and the Company shall have no further obligation to pay, the Severance Payment, Non-CIC Severance Payment or CIC Severance Payment, as
applicable, in the event Employee receives, within six months after the occurrence of the breach, written notice from the Company that, in the reasonable judgment of the CEO, Employee has materially breached his obligations under Section 6 or 7
of this Agreement; provided, however, that, in cases where cure is possible, Employee shall first be provided a 15-day cure period to cease, and to cure, such conduct. The Severance Payment and Non-CIC Severance Payment, if any,
payable hereunder shall be paid in 

  
 8 

 
substantially equal installments over the 24-month period, following the Date of Termination, consistent with the Company’s payroll practices, with the first installment to be paid within 15
days after the condition described in Section 5(f)(i) of this Agreement has been satisfied and with any installments that would otherwise have been paid prior to such date accumulated and paid in a lump sum on the first date on which
payments are made in accordance with the terms of this sentence. The CIC Severance Payment and Make-Whole Payment, if any, payable hereunder shall be paid in one lump sum within 15 days after the condition described in Section 5(f)(i) of this
Agreement has been satisfied; provided, however, that, unless the CIC Severance Payment relates to a transaction that satisfies the requirements of Treas. Reg. § 1.409A-3(i)(5), any portion of the CIC Severance Payment that
constitutes deferred compensation within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), will be paid at the earliest date that is permitted in accordance with the schedule that is
applicable to the Non-CIC Severance Payment. 
 (g) Forfeiture of Equity Compensation Awards. Notwithstanding anything to
the contrary herein and without limiting any rights and remedies available to the Company under the terms of this Agreement or otherwise at law or in equity (including as may be required by law or pursuant to policies of the Company as may be in
effect from time to time), in the event the Company terminates Employee’s employment for Cause or if Employee violates the restrictive covenants set forth in Sections 6 and 7 of this Agreement or engages in fraud or willful misconduct that
contributes materially to any significant financial restatement or material loss to the Company or any of its affiliates, the Company may, (i) in the case of termination for Cause, at any time up to six months after such termination, or
(ii) in the case of a violation of the restrictive covenants or engaging in fraud or willful misconduct, at any time up to six months after learning of such conduct, but in no event more than two years after Employee engages in such conduct, as
applicable, terminate or cancel any equity compensation awards granted to Employee by the Company, including any vested amounts thereof, and require Employee to forfeit or remit to the Company any amount payable, or the after-tax net amount paid or
received by Employee, in respect of any such equity compensation awards; provided, however, that, in cases where cure is possible, Employee shall first be provided a 15-day cure period to cease, and to cure, such conduct. 

6. Non-Solicitation. (a) During the Term and during the Restricted Period, Employee hereby agrees not to, directly or
indirectly, solicit or hire or assist any other person or entity in soliciting or hiring any employee of the Company, or any of its affiliates (the “Company Entities”), to perform services for any entity (other than a Company
Entity) or attempt to induce any such employee to leave the service of a Company Entity, or solicit, hire or engage on behalf of himself or any other person, any employee of a Company Entity, or anyone who was employed by a Company Entity, during
the twelve-month period preceding such hiring or engagement. “Restricted Period” means three years following termination of Employee’s employment for any reason. 

(b) During the Term and during the Restricted Period, Employee hereby agrees not to, directly or indirectly, solicit, encourage, advise
or influence any 

  
 9 

 
individuals, partnerships, corporations, professional associations or other business organizations that have a business relationship with any Company Entity during the Term or for the three years
thereafter (the “Company’s Clients”) or to discontinue or reduce the extent of the relationship between the Company Entities and the Company’s Clients or to obtain or seek products or services the same as or similar to the
Company Entities from any other source not affiliated with the Company Entities. The Company may, in its sole discretion and upon written request from Employee, grant Employee a written release from Employee’s obligations contained in this
Section 6(b). 
 7. Confidentiality; Non-Compete; Non-Disclosure; Non-Disparagement; Cooperation.
(a) Confidentiality. (i) Employee hereby agrees that, during the Term and thereafter, he will hold in strict confidence any Confidential Information related to any of the Company Entities. For purposes of this Agreement,
“Confidential Information” shall mean all confidential or proprietary information of any of the Company Entities (in whatever form), including, without limitation: any information, observations and data concerning the business or
affairs or operation of the Company Entities developed by Employee during the Term or which any Company Entity or any of their respective members, directors, officers, managers, partners, employees, agents, advisors, attorneys, accountants,
consultants, investment bankers, investment advisors or financing sources at any time furnishes or has furnished to Employee in connection with the business of any of the Company Entities; the Company’s (and any of its respective
affiliates’) investment methodologies or models, investment advisory contracts, fees and fee schedules or investment performance (“Track Records”); technical information or reports; brand names, trademarks, formulas; trade
secrets; unwritten knowledge and “know-how”; operating instructions; training manuals; customer lists; customer buying records and habits; product sales records and documents, and product development, marketing and sales strategies; market
surveys; marketing plans; profitability analyses; product cost; long-range plans; information relating to pricing, competitive strategies and new product development; information relating to any forms of compensation or other personnel-related
information; contracts and supplier lists and any information relating to financial data, strategic business plans; information about any other third parties in respect of which any Company Entity has a business relationship or owes a duty of
confidentiality; and all notes, analyses, compilations, forecasts, studies or other documents prepared by Employee that contain or reflect any such information and which is not known to the public generally other than as a result of Employee’s
breach of this Agreement. Without limiting the foregoing, Employee acknowledges and agrees that the Track Records shall not be the work of any one individual (including Employee) and are the exclusive property of the Company and its affiliates, as
applicable, and agrees that he shall in no event claim the Track Records as his own following termination of his employment with the Company. 
 (ii) Except as expressly set forth otherwise in this Agreement (including, without limitation, pursuant to Section 8 of this Agreement), Employee agrees that he shall not disclose the terms of this
Agreement except to his immediate family and his financial and legal advisors, or as may be required by law or ordered by a court. Employee further agrees that any disclosure to his financial and legal advisors will only

  
 10 

 
be made after such advisors acknowledge and agree to maintain the confidentiality of this Agreement and its terms. 
 (iii) Employee further agrees that he will not improperly use or disclose any confidential information or trade secrets, if any, of any former employers of Employee or any other person to whom Employee
has an obligation of confidentiality, and will not bring onto the premises of the Company or its affiliates any unpublished documents or any property belonging to any such former employer or other person to whom Employee has an obligation of
confidentiality unless consented to in writing by the former employer or such other person. 
 (b) Non-Competition.
Employee and the Company agree that Employee will occupy a high-level and unique position of trust and confidence with the Company Entities and will have access to their Confidential Information, and that they would likely suffer significant harm
from Employee’s competing with them during the Term and for some period of time thereafter. Accordingly, Employee agrees that he will not, during the Term and during the Non-compete Period, directly or indirectly become employed by, engage in
business with, serve as an agent or consultant to, become an employee, partner, member, principal, stockholder or other owner (other than a holder of less than 1% of the outstanding voting shares of any publicly held company) of, any Competitive
Business, or otherwise perform services relating to the business of any of the Company Entities, or businesses they are actively considering, at the time of the termination or during the one year prior to termination (the
“Business”) for any Competitive Business (whether or not for compensation). For purposes of this Agreement, “Competitive Business” shall mean any individual, employeeship, corporation, limited liability company,
partnership, unincorporated organization, trust, joint venture or other entity (i) that engages in or may engage in acquisition related or mergers and acquisition activities related to the transportation or third-party logistics industry,
including, without limitation, researching, analyzing and evaluating companies for possible investment in or acquisition of, for itself or clients, (ii) that engages in or may engage in the Business, including, without limitation, any providers
of third-party logistics services, including, without limitation, freight brokerage, freight forwarding, expediting, internet load boards or intermodal providers, or firms such as CH Robinson, Expeditors International of Washington, Inc., Echo
Global Logistics Inc., Roadrunner Transportation Systems, TransCore, Internet Truckstop LLC, and Hub Group Inc., or (iii) that otherwise competes with the Company Entities anywhere in which the Company Entities engage in or intend to engage in
the Business or where any of the Company Entities’ customers are located. “Non-Compete Period” means (x) one year following termination of Employee’s employment by the Company without Cause or by Employee for Good
Reason and (y) three years following termination of Employee’s employment for any reason not covered by clause (x) of this definition. 
 (c) Extended Non-Competition. In the event that Employee’s employment with the Company is terminated by the Company without Cause or by Employee for Good Reason, the Company shall have the
right to extend the Non-Compete Period for up to two additional 12-month periods (each, an “Extended Non-Compete Period”) beyond the completion of the Non-Compete Period. If the Company

  
 11 

 
elects to extend the Non-Compete Period or the Extended Non-Compete Period, it will notify Employee in writing of such fact not later than the 90th day prior to the expiration of the Non-Compete
Period or the then-current Extended Non-Compete Period, as applicable. By signing this Agreement, Employee agrees to accept and abide by the Company’s election. If the Company elects to extend the Non-Compete Period, Employee agrees that,
during any Extended Non-Compete Period, Employee shall be bound by the restrictions set forth in Section 7(b) in the same manner applicable during the Non-Compete Period, and the Company agrees to pay Employee subject to Section 5(f) of
this Agreement during each month of the Extended Non-Compete Period, in an amount equal to his monthly Base Salary as in effect on the Date of Termination (but for purposes of this Section 7(c), in no event shall the monthly Base Salary be less
than $39,583). Payment for any partial month will be prorated. Payment of Employee’s Base Salary during the Extended Non-Compete Period will be made pursuant to the Company’s normal and customary payroll procedures. If the Company elects
to extend the Non-Compete Period or the Extended Non-Compete Period, any monies Employee earns from any other work during such periods, whether as an employee or as an independent contractor, will reduce, dollar for dollar, the amount that the
Company is obligated to pay Employee under this Section 7(c). Payments made by the Company under this Section 7(c) are made solely for the extension of the non-compete covenant and do not render Employee either an employee of, or a
consultant to, the Company. 
 (d) Competitive Opportunity. If, at any time during the Term, Employee (i) acquires
knowledge of a potential investment, investment opportunity or business venture which may be an appropriate investment by the Company, or in which the Company could otherwise have an interest or expectancy (a “Competitive
Opportunity”), or (ii) otherwise is then exploiting any Competitive Opportunity, Employee shall promptly bring such Competitive Opportunity to the Company. In such event, Employee shall not have the right to hold any such Competitive
Opportunity for his (and his agents’, employees’ or affiliates’) own account and benefit or to recommend, assign or otherwise transfer or deal in such Competitive Opportunity with persons other than the Company. 

(e) Return of Company Property. All documents, data, recordings, or other property, including, without limitation, smartphones,
computers and other business equipment, whether tangible or intangible, including all information stored in electronic form, obtained or prepared by or for Employee and utilized by Employee in the course of his employment with the Company shall
remain the exclusive property of the Company and Employee shall return all copies of such property upon any termination of his employment and as otherwise requested by the Company during the Term. 

(f) Non-Disparagement. Employee hereby agrees not to defame or disparage any of the Company Entities or any of its officers,
directors, members, partners or employees (collectively, the “Company Parties”), and to cooperate with the Company upon reasonable request, in refuting any defamatory or disparaging remarks by any third party made in respect of any
of the Company Parties. Employee shall not, directly or indirectly, make (or cause to be made) any comment or statement, oral or written, including, without limitation, in the media or to the press or to any individual or entity, that could
reasonably be expected to adversely affect the reputation of any of the 

  
 12 

 
Company Parties or the conduct of its, his or their business. The Company shall request that its directors and executive officers not defame or disparage Employee; provided, however, that the
failure of any director, executive officer or employee of the Company to comply with such request shall in no way constitute a breach or violation of the Company’s obligations hereunder or otherwise subject the Company to any liability.

 (g) Cooperation. During the Term and thereafter (including, without limitation, following the Date of Termination),
Employee shall, upon reasonable notice and without the necessity of any Company Entity obtaining a subpoena or court order, provide Employee’s reasonable cooperation in connection with any suit, action or proceeding (or any appeal from any
suit, action or proceeding), and any investigation and/or defense of any claims asserted against any Company Entity that relates to events occurring during Employee’s employment with any Company Entity as to which Employee may have relevant
information (including furnishing relevant information and materials to the relevant Company Entity or its designee and/or providing testimony at depositions and at trial), provided that the Company shall reimburse Employee for expenses reasonably
incurred in connection with any such cooperation occurring after the termination of Employee’s employment and provided that any such cooperation occurring after the Date of Termination shall be scheduled to the extent reasonably practicable so
as not to unreasonably interfere with Employee’s business or personal affairs. 
 8. Notification of Subsequent
Employer. Employee hereby agrees that, prior to accepting employment with any other person during any period during which Employee remains subject to any of the covenants set forth in Section 6, 7(b) or 7(c) of this Agreement, Employee
shall provide such prospective employer with written notice of such provisions of this Agreement, with a copy of such notice delivered simultaneously to the Company. 
 9. Injunctive Relief. Employee acknowledges that it is impossible to measure in money the damages that will accrue to the Company Parties in the event that Employee breaches any of the restrictive
covenants provided in Sections 6 and 7 of this Agreement. In the event that Employee breaches any such restrictive covenant, the Company Parties shall be entitled to an injunction restraining Employee from violating such restrictive covenant
(without posting any bond). If any of the Company Parties shall institute any action or proceeding to enforce any such restrictive covenant, Employee hereby waives the claim or defense that such Company Party has an adequate remedy at law and agrees
not to assert in any such action or proceeding the claim or defense that there is an adequate remedy at law. The foregoing shall not prejudice the Company’s right to require Employee to account for and pay over to the Company, and Employee
hereby agrees to account for and pay over, the compensation, profits, monies, accruals or other benefits derived or received by Employee as a result of any transaction constituting a breach of any of the restrictive covenants provided in Sections 6
and 7 of this Agreement or to seek any other relief to which it may be entitled. 
 10. Miscellaneous.
(a) Notices. Any notice or other communication required or permitted under this Agreement shall be effective only if it is in writing and 

  
 13 

 
shall be deemed to be given when delivered personally, or four days after it is mailed by registered or certified mail, postage prepaid, return receipt requested or one day after it is sent by
overnight courier service via UPS or FedEx and, in each case, addressed as follows (or if it is sent through any other method agreed upon by the parties): 
 If to the Company: 
 XPO Logistics, Inc. 

429 Post Road 

Buchanan, MI 49107 
 Attention: Chief Executive Officer 
 with a copy in either case to: 

Cravath, Swaine & Moore LLP 
 825 Eighth Avenue 
 Worldwide Plaza 

New York, NY 10019 
 Attention: Jennifer S. Conway, Esq. 
 Facsimile: (212) 474-3700 

If to Employee: 

During the Term, to his principal office at the Company, 
 and after the Term, to his principal residence as listed in the 
 records of the
Company 
 or to such other address as any party may designate by notice to the others. 

(b) Entire Agreement. This Agreement shall constitute the entire agreement and understanding among the parties hereto with respect
to Employee’s employment hereunder and supersedes and is in full substitution for any and all prior understandings or agreements (whether written or oral) with respect to Employee’s employment. The Company does not make and has not made,
and Employee does not rely and has not relied on any statement, omission, representation or warranty, written or oral, of any kind or nature whatsoever, regarding the Company or the Equity Compensation, including, without limitation, its or their
present, future, prospective or potential value, worth, prospects, performance, soundness, profit or loss potential, or any other matter or thing whatsoever relating to whether Employee should purchase or accept any Equity Compensation and/or the
consideration therefor. 
 (c) Amendment; No Waiver. Except as expressly set forth otherwise in this Agreement
(including, without limitation, pursuant to Sections 10(l)(iv) and 10(m) of this Agreement), this Agreement may be amended only by an instrument in writing signed by the parties, and the application of any provision hereof may be waived only by an
instrument in writing that specifically identifies the provision whose application is being waived and that is signed by the party against whom or which enforcement of such waiver is sought. The failure of any party at any time to insist upon strict
adherence to 

  
 14 

 
any provision hereof shall in no way affect the full right to insist upon strict adherence at any time thereafter, nor shall the waiver by any party of a breach of any provision hereof be taken
or held to be a waiver of any succeeding breach of such provision or a waiver of the provision itself or a waiver of any other provision of this Agreement. No failure or delay by either party in exercising any right or power hereunder will operate
as a waiver thereof, nor will any single or partial exercise of any such right or power, or any abandonment of any steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power.
Termination of this Agreement shall not relieve any party of liability for any breach of this Agreement occurring prior to such termination. 
 (d) No Construction Against Drafter. The parties acknowledge and agree that each party has reviewed and negotiated the terms and provisions of this Agreement and has had the opportunity to
contribute to its revision. Accordingly, any rule of construction to the effect that ambiguities are resolved against the drafting party shall not be employed in the interpretation of this Agreement. 

(e) Employee Representations and Acknowledgements. Employee represents, warrants and covenants that as of the date hereof:
(i) he has the full right, authority and capacity to enter into this Agreement, (ii) he is ready, willing and able to perform his obligations hereunder and, to his knowledge, no reason exists that would prevent him from performing his
obligations hereunder, (iii) he is not bound by any agreement that conflicts with or prevents or restricts the full performance of his duties and obligations to the Company hereunder during or after the Term and (iv) the execution and
delivery of this Agreement shall not result in any breach or violation of, or a default under, any existing obligation, commitment or agreement to which Employee is subject. Employee acknowledges and agrees that nothing in this Agreement shall
(x) entitle Employee to any compensation or other interest in respect of any activity of Jacobs Private Equity, LLC, a Delaware limited liability company (“JPE”) or Bradley S. Jacobs other than with respect to the Company;
(y) restrict or prohibit the Company, Bradley S. Jacobs or any of his affiliates from having business interests and engaging in business activities in addition to those relating to the Company; or (z) restrict the investments which the
Company, Bradley S. Jacobs or JPE or any of his or its affiliates may make, regardless of whether such investment opportunity or investment may be deemed to be a Competitive Opportunity. Employee acknowledges that he has carefully read this
Agreement and has given careful consideration to the restraints imposed upon Employee by this Agreement, and is in full accord as to the necessity of such restraints for the reasonable and proper protection of the Confidential Information, business
strategies, employee and customer relationships and goodwill of the Company Entities now existing or to be developed in the future. Employee expressly acknowledges and agrees that each and every restraint imposed by this Agreement is reasonable with
respect to subject matter, industry scope, time period and geographic area. Employee agrees to comply with each of the covenants contained in Sections 6 and 7 of this Agreement in accordance with their terms, and Employee shall not, and hereby
agrees to waive and release any right or claim to, challenge the reasonableness, validity or enforceability of any of the covenants contained in Sections 6 and 7 of this Agreement. Employee further acknowledges that although Employee’s
compliance with the covenants contained in 

  
 15 

 
Sections 6 and 7 of this Agreement may prevent Employee from earning a livelihood in a business similar to the business of the Company Entities, Employee’s experience and capabilities are
such that Employee has other opportunities to earn a livelihood and adequate means of support for Employee and Employee’s dependents. Employee acknowledges that the Company has advised him that it is in his best interest to consult with an
attorney prior to executing this Agreement. 
 (f) Survival. Employee’s obligations under Sections 6 and 7 of this
Agreement shall remain in full force and effect for the entire period provided therein notwithstanding any termination of employment or other expiration of the Term or termination of this Agreement. The terms and conditions of Sections 5, 6, 7, 8
and 9 of this Agreement shall survive the Term and termination of Employee’s employment. 
 (g) Assignment. This
Agreement is binding on and is for the benefit of the parties hereto and their respective successors, assigns, heirs, executors, administrators and other legal representatives. This Agreement is personal to Employee; and neither this Agreement nor
any right or obligation hereunder may be assigned by Employee without the prior written consent of the Company (or except by will or the laws of descent and distribution), and any purported assignment in violation of this Section 10(g) shall be
void. 
 (h) Severability. If any provision of this Agreement or the application thereof is held invalid, the invalidity
shall not affect other provisions or applications of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this Agreement are declared to be severable. If any term or provision of
this Agreement is invalid, illegal or incapable of being enforced by any applicable law or public policy, all other conditions and provisions of this Agreement shall nonetheless remain in full force and effect so long as the economic and legal
substance of the transactions contemplated by this Agreement is not affected in any manner materially adverse; provided, however, that in the event of a final, non-reviewable, non-appealable determination that any provision of
Section 6 or 7 of this Agreement (whether in whole or in part) is void or constitutes an unreasonable restriction against Employee, such provision shall not be rendered void but shall be deemed to be modified to the minimum extent necessary to
make such provision enforceable for the longest duration and the greatest scope as may constitute a reasonable restriction under the circumstances. Subject to the foregoing, upon such determination that any term or other provision is invalid,
illegal or incapable of being enforced, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions
contemplated hereby be consummated as originally contemplated to the fullest extent possible. 
 (i) Tax Withholding. The
Company may withhold from any amounts payable to Employee hereunder all federal, state, city, foreign or other taxes that the Company may reasonably determine are required to be withheld pursuant to any applicable law or regulation (it being
understood that Employee shall be responsible for payment of all taxes in respect of the payments and benefits provided herein). 

  
 16 

 (j) Cooperation Regarding Equity Compensation. Employee expressly agrees that he
shall execute such other documents as reasonably requested by the Company to effect the terms of this Agreement and the issuance of the Equity Compensation as contemplated hereunder in compliance with applicable law. 

(k) Governing Law; Arbitration; Consent to Jurisdiction; Waiver of Jury Trial. (i) This Agreement shall be governed by and
construed in accordance with its express terms, and otherwise in accordance with the laws of the State of New York without reference to its principles of conflicts of law. 
 (ii) Any claim initiated by Employee arising out of or relating to this Agreement, or the breach thereof, or Employee’s employment, or the termination thereof, shall be resolved by binding
arbitration before a single arbitrator in the City, County and State of New York administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator may be
entered in any court having jurisdiction thereof. 
 (iii) Any claim initiated by the Company arising out of or relating to this
Agreement, or the breach thereof, or Employee’s employment, or the termination thereof, shall, at the election of the Company be resolved in accordance with Section 10(k)(ii) or (iv) of this Agreement. 

(iv) Employee hereby irrevocably submits to the jurisdiction of any state or federal court located in the City, County and State of New
York; provided, however, that nothing herein shall preclude the Company from bringing any suit, action or proceeding in any other court for the purposes of enforcing the provisions of this Section 10(k) or enforcing any judgment
or award obtained by the Company. Employee waives, to the fullest extent permitted by applicable law, any objection which he now or hereafter has to personal jurisdiction or to the laying of venue of any such suit, action or proceeding brought in an
applicable court described in this Section 10(k)(iv), and agrees that he shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any court. Employee agrees that, to the fullest extent permitted
by applicable law, a final and non-appealable judgment in any suit, action or proceeding brought in any applicable court described in this Section 10(k)(iv) shall be conclusive and binding upon Employee and may be enforced in any other
jurisdiction. EMPLOYEE EXPRESSLY AND KNOWINGLY WAIVES ANY RIGHT TO A JURY TRIAL IN THE EVENT THAT ANY ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE BREACH THEROF, OR EMPLOYEE’S EMPLOYMENT, OR THE TERMINATION THEREOF, IS LITIGATED
OR HEARD IN ANY COURT. 
 (v) The prevailing party shall be entitled to recover all legal fees and costs (including reasonable
attorney’s fees and the fees of experts) from the losing party in connection with any claim arising under this Agreement or Employee’s employment hereunder. 
 (l) Section 409A. (i) It is intended that the provisions of this Agreement comply with Section 409A, and all provisions of this Agreement shall be construed and

  
 17 

 
interpreted in a manner consistent with the requirements for avoiding taxes or penalties under Section 409A. 
 (ii) Neither Employee nor any of his creditors or beneficiaries shall have the right to subject any deferred compensation (within the meaning of Section 409A) payable under this Agreement or under
any other plan, policy, arrangement or agreement of or with the Company or any of its affiliates (this Agreement and such other plans, policies, arrangements and agreements, the “Company Plans”) to any anticipation, alienation,
sale, transfer, assignment, pledge, encumbrance, attachment or garnishment. Except as permitted under Section 409A, any deferred compensation (within the meaning of Section 409A) payable to Employee or for Employee’s benefit under any
Company Plan may not be reduced by, or offset against, any amount owing by Employee to the Company or any of its affiliates. 

(iii) If, at the time of Employee’s separation from service (within the meaning of Section 409A), (i) Employee shall be a
specified employee (within the meaning of Section 409A and using the identification methodology selected by the Company from time to time) and (ii) the Company shall make a good faith determination that an amount payable under a Company
Plan constitutes deferred compensation (within the meaning of Section 409A) the payment of which is required to be delayed pursuant to the six-month delay rule set forth in Section 409A in order to avoid taxes or penalties under
Section 409A, then the Company (or its affiliate, as applicable) shall not pay such amount on the otherwise scheduled payment date but shall instead accumulate such amount and pay it on the first business day after such six-month period.

 (iv) Notwithstanding any provision of this Agreement or any Company Plan to the contrary, in light of the uncertainty with
respect to the proper application of Section 409A, the Company reserves the right to make amendments to any Company Plan as the Company deems necessary or desirable to avoid the imposition of taxes or penalties under Section 409A. In any
case, Employee is solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on Employee or for Employee’s account in connection with any Company Plan (including any taxes and penalties under
Section 409A), and neither the Company nor any affiliate shall have any obligation to indemnify or otherwise hold Employee harmless from any or all of such taxes or penalties. 

(v) For purposes of Section 409A, each payment hereunder will be deemed to be a separate payment as permitted under Treasury
Regulation Section 1.409A-2(b)(2)(iii). 
 (vi) Except as specifically permitted by Section 409A, any benefits and
reimbursements provided to Employee under this Agreement during any calendar year shall not affect any benefits and reimbursements to be provided to Employee under this Agreement in any other calendar year, and the right to such benefits and
reimbursements cannot be liquidated or exchanged for any other benefit. Furthermore, reimbursement payments shall be made to Employee as soon as practicable following the date that the 

  
 18 

 
applicable expense is incurred, but in no event later than the last day of the calendar year following the calendar year in which the underlying expense is incurred. 

(m) Section 105(h). Notwithstanding any provision of this Agreement to the contrary, to the extent necessary to satisfy
Section 105(h) of the Code, the Company will be permitted to alter the manner in which medical benefits are provided to Employee following termination of Employee’s employment, provided that the after-tax cost to Employee of such benefits
shall not be greater than the cost applicable to similarly situated executives of the Company who have not terminated employment. 
 (n) Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. Signatures
delivered by facsimile or electronic means (including by “pdf”) shall be deemed effective for all purposes. 
 (o)
Headings. The headings in this Agreement are inserted for convenience of reference only and shall not be a part of or control or affect the meaning of any provision hereof. 

  
 19 

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

			
	XPO LOGISTICS, INC.
		
	by	 	 /s/ Bradley S. Jacobs

	Name:	 	Bradley S. Jacobs
	Title:	 	Chief Executive Officer
	
	 /s/ Sean Fernandez

	SEAN FERNANDEZ

  
 202011 Officer Severance Plan

 Exhibit 10.1 

2011 OFFICER SEVERANCE PLAN 
  

	1.	Purpose. 

 The Tekelec
2011 Officer Severance Plan (this “Plan”) is intended to provide severance benefits to certain salaried officers of Tekelec (“Tekelec” or the “Company”) who shall become eligible for benefits under this Plan. The
purpose of this Plan is to provide certain benefits to Eligible Officers during the transition period following involuntary loss of employment under circumstances outlined in this Plan. The provisions herein are being offered and provided at the
sole discretion of the Company. This Plan is effective as of May 13, 2011 (the “Effective Date”) and shall serve as a successor to the Company’s 2007 Officer Severance Plan, as amended (the “2007 Plan”), other than for
those individuals designated as Eligible Officers by the Board under the 2007 Plan prior to the Effective Date of this Plan with the terms and conditions of such 2007 Plan governing the severance benefits of such individuals. 

 

	2.	Definitions. 

 As used
herein, the terms identified below shall have the meanings indicated: 
 (a) “Administrator” means the
Compensation Committee of the Board of Directors of the Company (or such other committee as may be appointed by the Board to administer this Plan); and, in the absence of any such committee, shall mean the Board of Directors of the Company.

 (b) “Annual Compensation” means the Eligible Officer’s highest regular rate of annual base salary paid
by the Company during the calendar year in which the Termination Date occurs (or such other date specified herein) plus the Eligible Officer’s target bonus amount, if any, for the bonus year in which the Termination Date occurs but excluding
all other compensation including, but not limited to, commissions, incentive compensation, automobile allowances, pension payments, 401(k) matching contributions, gains realized in connection with the exercise of a stock option or participation in a
stock option or stock purchase program, employer contributions for benefits, relocation payments, expense reimbursements, noncash compensation, and other similar payments. 
 (c) “Base Salary” means the Eligible Officer’s highest regular rate of annual base salary paid by the Company during the calendar year in which the Termination Date occurs and
excluding all other forms of compensation including, but not limited to, any bonus or target bonus amounts, commissions, incentive compensation, automobile allowances, pension payments, 401(k) matching contributions, gains realized in connection
with the exercise of a stock option or participation in a stock purchase program, employer contributions for benefits, relocation payments, expense reimbursements, noncash compensation, and similar payments. 

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

(e) “Cause” Termination by Tekelec of an Eligible Officer’s employment for “Cause” means termination as a
result of: 

  

	 	(i)	willful refusal or failure to follow one or more important Company policies; 

 

	 	(ii)	any conduct amounting to gross incompetence; 

  

	 	(iii)	any absence (excluding vacations, illnesses or leaves of absence) from work for more than five consecutive work days or chronic absences from work (also excluding
vacations, illnesses or leaves of absence), all of which are neither authorized, justified nor excused; 

  

	 	(iv)	refusal or failure, after written notice and reasonable time to comply, to perform material, appropriate duties; 

 

	 	(v)	refusal, after written notice and reasonable time to comply, to obey any lawful resolution of the Board; 

 

	 	(vi)	embezzlement, misappropriation of any property or other asset of the Company (other than de minimis properties or assets) or misappropriation of a corporate opportunity
of the Company; 

  

	 	(vii)	offer, payment, solicitation or acceptance in violation of Company policy or law of any bribe, kickback or item of value with respect to the Company’s business;

  

	 	(viii)	conviction of the Eligible Officer for or the entering of a plea of nolo contendere with respect to any felony whatsoever or for any misdemeanor involving moral
turpitude; 

  

	 	(ix)	any act or failure to act by the Eligible Officer that is widely reported in the general or trade press or otherwise and which achieves a general notoriety and which
act or failure to act involves conduct that is illegal or generally considered immoral or scandalous; 

  

	 	(x)	any willful material breach of the Eligible Officer’s obligations to the Company under any nondisclosure or proprietary agreement with or on behalf of the Company
or any material unauthorized disclosure of any important and confidential information of the Company; 

  

	 	(xi)	unlawful use (including being under the influence) or possession of illegal drugs on Company premises; or 

 

	 	(xii)	death or long-term disability. 

(f) “Change in Control” A “Change in Control” of the Company shall be deemed to have occurred at such time as
(i) any “person” (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934 (the “Exchange Act”)) becomes after the Effective Date of this Plan the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act), directly or 

  
 2 

 
indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding securities; (ii) during any period of 12 consecutive
months, individuals who at the beginning of such period constitute the Board cease for any reason to constitute at least a majority thereof unless the election, or the nomination for election by the Company’s shareholders, of each new director
was approved by a vote of at least a majority of the directors then still in office who were directors at the beginning of the period; (iii) the closing of a merger or consolidation of the Company with any other corporation, other than a merger
or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more
than 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; (iv) the shareholders of the Company approve a plan of liquidation of the
Company; or (v) the closing of the sale or disposition (other than in the ordinary course of business) by the Company of all or substantially all of the Company’s assets (or any transaction having essentially the same effect); provided,
however, that each such event constitutes a “change in the ownership or effective control of a corporation” or a “change in the ownership of a substantial portion of the assets of a corporation” as such terms are defined in Code
Section 409A. 
 (g) “Change in Control Severance Allowance” means the aggregate gross amount of severance
payments determined in accordance with Section 6(c) of this Plan to be paid to an Eligible Officer who is entitled to receive such severance benefits under this Plan. 
 (h) “Change in Control Severance Period” means the period of time designated in Section 6(f) herein. 
 (i) “Code” means the Internal Revenue Code of 1986, as amended. 

(j) “Code Section 409A” shall mean Section 409A of the Code, as amended, and the regulations and official
guidance promulgated thereunder. 
 (k) “Eligible Officers” mean only those duly elected or appointed officers
of the Company that: (i) are expressly designated as ‘Eligible Officers’ by the Board for the purposes of this Plan on or after the Effective Date pursuant to resolutions duly adopted by the Board, (ii) receive written notice of
their status as designated Eligible Officers under the Plan, and (iii) provide service in their capacity as officers of the Company on or following the Effective Date of the Plan. 

(l) “Employment Period” means the aggregate period of time during which an individual has been employed as a duly
elected or appointed officer (other than solely as Chairman of the Board, Secretary and/or Assistant Secretary) by the Company prior to the Termination Date. 
 (m) “General Severance Allowance” means the aggregate gross amount of severance payments determined in accordance with Section 4(a) of this Plan to be paid to an Eligible Officer who
is entitled to receive such severance benefits under this Plan. 
 (n) “General Severance Period” means the
period of time designated in Section 4(b) herein. 

  
 3 

 (o) “Good Reason” means, without the express written consent of the
Eligible Officer, the occurrence after, or concurrently in connection with, a Change in Control of the Company of any of the following materially adverse conditions, provided the Eligible Officer provides notice to the Company of the existence of
the condition within 90 days of the initial existence of the condition and the Company fails to remedy the condition within 30 days of receipt of such notice: 
  

	 	(i)	a reduction by the Company (or the surviving and controlling company if other than the Company (the “Acquiror”)) in the Eligible Officer’s annual base
salary as in effect on the date immediately prior to the Change in Control of the Company; 

  

	 	(ii)	the Company or the Acquiror requiring the Eligible Officer to be based for six months or more at a Company office more than 50 miles from the Company’s offices at
which such Eligible Officer was principally employed immediately prior to the date of the Change in Control of the Company except for required and appropriate travel on the Company’s or the Acquiror’s business to an extent substantially
consistent with the Eligible Officer’s business travel obligations immediately prior to the Change in Control of the Company; 

  

	 	(iii)	the assignment to the Eligible Officer of duties substantially inconsistent with the position in the Company that such Eligible Officer held immediately prior to the
Change in Control of the Company, or a significantly adverse change in the nature or status of the officer’s responsibilities or the conditions of the Eligible Officer’s employment from those in effect immediately prior to such Change in
Control; 

  

	 	(iv)	the failure by the Company or the Acquiror to continue in effect any compensation or benefit plan or perquisites in which the Eligible Officer participates immediately
prior to the Change in Control of the Company which is material to the Eligible Officer’s total compensation, unless an at least equally beneficial arrangement (embodied in an ongoing, substitute or alternative plan) has been made with respect
to such plan, or the failure by the Company or the Acquiror to continue such Eligible Officer’s participation therein (or in such ongoing, substitute or alternative plan) on a basis at least as favorable, both in terms of the amount of benefits
provided and the level of the Eligible Officer’s participation relative to comparably situated participants, as existed immediately prior to such Change in Control; 

 

	 	(v)	 the failure by the Company or the Acquiror to continue to provide the Eligible Officer with benefits substantially similar to those enjoyed by such
Eligible Officer under any of the Company’s life insurance, medical, dental, accident, or disability plans in which the Eligible Officer was participating immediately prior to such Change in Control of the Company or the taking

  
 4 

	 	
of any action by the Company or the Acquiror which would directly or indirectly materially reduce any such benefits; or 

 

	 	(vi)	failure of the Acquiror to offer employment to the Eligible Officer at least ten days prior to a Change in Control on terms and conditions generally no less favorable
than the terms and conditions of the Eligible Officer’s employment in effect with the Company immediately prior to the Change in Control. 

 (p) “Specified Employee” means a key employee (as defined in Code Section 416(i) without regard to Code Section 416(i)(5)) determined in accordance with the meaning of such term
under Code Section 409A. The Company shall determine whether an Eligible Officer is a Specified Employee by applying reasonable, objectively determinable identification procedures for Specified Employees as set forth in a resolution of the
Board regarding such determination procedures as may be amended from time to time. In the event such procedures are not so established, the identification date for purposes of determining the Company’s key employees shall be December 31.

 (q) “Termination Date” means the date on which an Eligible Officer has a separation from service with the
Company. 
  

	3.	Eligibility. 

 (a)
Eligible Officers. Only Eligible Officers designated by the Board as eligible to participate in this Plan on or after the Effective Date shall be eligible to receive benefits under this Plan. 

(b) Qualifying Terminations. Tekelec will pay severance benefits under Section 4 of this Plan on account of the termination
of an Eligible Officer’s employment with Tekelec only if the conditions set forth in Section 5 are fulfilled, the termination is non-temporary and attributable to one of the following conditions, and in the case of the conditions described
in Sections 3(b)(v) - (vii), below, the Eligible Officer provides notice to the Company of the existence of the condition within 90 days of the initial existence of the condition and the Company fails to remedy the condition within 30 days of
receipt of such notice: 
  

	 	(i)	the result of a reduction in force (an involuntary separation without Cause and due to elimination of position or a layoff of personnel); 

 

	 	(ii)	the result of Tekelec’s belief that the Eligible Officer is unable to fulfill or is not fulfilling the requirements of or should not hold an officer position for a
reason other than for Cause; 

  

	 	(iii)	 the result of such Eligible Officer’s having submitted to the Company his/her written resignation or offer of resignation (even if such indicates
that such resignation is “voluntary”) upon and in accordance with (A) the request by the Board in writing or pursuant to a duly adopted resolution of the Board or (B) with respect to all Eligible Officers other than the Chief
Executive 

  
 5 

	 	
Officer of the Company, the written request of the Chief Executive Officer of the Company; 

  

	 	(iv)	the result of a divestment by Tekelec of the operating unit in which such Eligible Officer works and which unit is sold, conveyed or transferred to another corporation
or entity (whether in connection with a sale of assets, stock or other form of transaction) and the Eligible Officer is not offered employment by the acquiring corporation or entity on substantially the same or comparable terms and conditions as
his/her employment with Tekelec; 

  

	 	(v)	the result of an otherwise voluntary separation following the Company requiring the Eligible Officer to be based more than 50 miles from the Company’s offices at
which such Eligible Officer was principally employed and such Eligible Officer declines to relocate except for required and appropriate travel on the Company’s business consistent with the Eligible Officer’s prior business travel
obligations; 

  

	 	(vi)	the result of an otherwise voluntary separation within 30 days following a greater than 10% reduction by the Company of the Eligible Officer’s annual base salary
as in effect from time to time; 

  

	 	(vii)	solely with respect to severance benefits to be provided to the Chief Executive Officer (“CEO”), the Chief Financial Officer (“CFO”), or an
Executive Vice President (“EVP”) as a result of such Eligible Officer’s termination due to “Good Reason” as defined in Section 2(o) above; or 

 

	 	(viii)	for the convenience of Tekelec or otherwise for any reason other than one or more of the reasons set forth in Section 3(c). 

(c) Nonqualifying Terminations. Notwithstanding Section 3(b), Tekelec will not be obligated to pay severance benefits to an
Eligible Officer if the termination is the result of: 
  

	 	(i)	voluntary separation (a separation, including retirement, initiated by the Eligible Officer), other than a voluntary separation by an Eligible Officer pursuant to
Section 3(b)(iii), and (v)-(vi) hereof or separation by the CEO, CFO, or an EVP pursuant to Section 3(b)(vii) hereof; 

  

	 	(ii)	voluntary retirement, whether early retirement, retirement at normal retirement age or retirement following normal retirement age; 

 

	 	(iii)	the Company having terminated such Eligible Officer’s employment for Cause; or 

 

	 	(iv)	 the removal of an Eligible Officer from one or more officer positions but such Eligible Officer is offered and accepts (and continuing to work at the
Company in such new officer position shall, among other methods, be a 

  
 6 

	 	
method of acceptance) one or more other officer positions (other than merely Secretary or Assistant Secretary) at the Company. 

 

	4.	Amount and Payment of Benefits. 

 (a) General Severance Compensation. Unless otherwise provided in Section 6 herein, an Eligible Officer who is entitled to receive severance benefits under this Plan shall receive a General
Severance Allowance in an amount equal to the product of (i) such Eligible Officer’s Base Salary and (ii) a percentage determined in accordance with the following table: 

 

					
	 Officer Position Held at Termination
	  	General Percentage	 
	 CEO
	  	 	200	% 
	 CFO and EVPs
	  	 	150	% 
	 All Other Officer Positions
	  	 	100	% 

 (b) Method of Payment. Any General Severance Allowance will be paid in equal monthly installments,
less all applicable withholding taxes, over the Eligible Officer’s General Severance Period as determined in accordance with the following table: 
  

					
	 Officer Position Held at Termination
	  	General Severance Period	 
	 CEO
	  	 	24 months	  
	 CFO and EVPs
	  	 	18 months	  
	 All Other Officer Positions
	  	 	12 months	  

 The installment payments will commence on the sixtieth (60) day following the Termination Date
provided the terminated Eligible Officer has timely executed and not revoked the Agreement required under Section 5 of this Plan. Notwithstanding the preceding sentence, if the terminated Eligible Officer is a Specified Employee, any payment
which would otherwise occur within the first six months following the Eligible Officer’s Termination Date shall be made in a lump sum, with interest accruing at a reasonable rate from the Termination Date, on the first day of the seventh month
immediately following the Termination Date to the extent necessary for the Eligible Officer to avoid adverse tax consequences under Code Section 409A. 
 (c) Health Care Coverage Continuation. For a period of eighteen (18) months in case of the CEO, CFO, and EVPs and twelve (12) months for all other officer positions, Tekelec will
reimburse premiums paid by a terminated Eligible Officer for health care continuation coverage under Tekelec’s group health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) for the terminated
Eligible Officer and the terminated Eligible Officer’s immediate family members who elect coverage as “Qualified Beneficiaries” as such term is defined in COBRA. All reimbursements for COBRA premium payments shall be made as soon as
possible following the terminated Eligible Officer’s submission to Tekelec of proof of timely COBRA premium payments; provided, however, all such claims for COBRA reimbursements shall be 

  
 7 

 
submitted by the terminated Eligible Officer and paid by Tekelec no later than 2  1/2 months following the end of the year in which COBRA premiums were paid. In the event the Eligible Officer and his or her family members become eligible for
group health care coverage elsewhere on terms generally no less favorable to the terminated Eligible Officer during the applicable COBRA reimbursement period set forth above, the terminated Eligible Officer shall provide notice to Tekelec, and
Tekelec reserves the right to discontinue reimbursing COBRA premiums under Tekelec’s group health plans. Upon exhaustion of the applicable COBRA reimbursement period set forth above, or after Tekelec ceases paying for coverage (if applicable),
such terminated Eligible Officer may elect coverage under a conversion health plan available under Tekelec’s group health plan(s) from the Company’s health insurance carrier if and to the extent the Eligible Officer is entitled to do so as
a matter of right under federal or state law. Any expense associated with the continuation of any health care coverage beyond the maximum applicable COBRA reimbursement period pursuant to this Section 4(c) will be the sole responsibility of the
terminated Eligible Officer. 
 (d) Other Benefit Plans. Except as otherwise expressly provided in this
Section 4 or as required by applicable law, a terminated Eligible Officer shall have no right to continue his/her participation in any Tekelec benefit plan following such Eligible Officer’s termination. Without limiting the generality of
the foregoing, a terminated Eligible Officer shall not be entitled to participate in the Company’s 401(k) Plan or any similar plan following the Eligible Officer’s Termination Date. 

(e) Vacation Pay. A terminated Eligible Officer will be promptly paid for accrued and unused vacation entitlement on and through
the Termination Date. 
  

	5.	Condition Precedent to Severance Benefits. 

 (a) Separation Agreement. Notwithstanding anything herein to the contrary and in consideration for and as a condition precedent to the payment of severance or any other benefits under this Plan, an
Eligible Officer otherwise entitled to receive payments or benefits under this Plan shall, following the Eligible Officer’s Termination Date, execute and deliver to the Company a written separation agreement (the “Agreement”), in
substantially the form attached hereto as Attachment I. Except as otherwise provided in the last sentence of Section 5(b), an Eligible Officer shall not have any rights whatsoever to receive severance benefits under this Plan unless the
Eligible Officer timely executes and delivers to the Company the Agreement and does not revoke said Agreement. The obligations set forth in the Agreement shall be in addition to any existing and continuing duties that such Eligible Officer may
otherwise have under law to the Company as a result of the Eligible Officer’s former capacity as an officer, employee, director, shareholder or otherwise. 
 (b) Waiver. Not later than 20 days after an Eligible Officer’s Termination Date, the Company shall provide such Eligible Officer with the Agreement for execution. Unless such Agreement is duly
executed and returned by the Eligible Officer to the Company within 21 days after the Eligible Officer receives it or the Eligible Officer lodges a bona fide dispute or challenge with the Company’s determination of the severance payments
payable under this Plan and has made a timely claim in accordance with Section 8(a) hereof, such Eligible Officer shall be deemed to have 

  
 8 

 
waived and forfeited his/her rights to severance payments and benefits under this Plan and the Company shall have no further obligations whatsoever to such Eligible Officer under this Plan. If
the Company shall not provide the Agreement to the Eligible Officer within 20 days after such Eligible Officer’s Termination Date, the Company shall be deemed to have waived the condition set forth in this Section 5 and the Eligible
Officer shall not be required to execute the Agreement as a condition to receiving any severance payments or other benefits under this Plan. 
  

	6.	Change in Control Provisions. 

 (a) Eligibility. In the event of a Change in Control of the Company, this Section 6 will apply in lieu of all the provisions contained in Section 4 herein. However, in the event that an
Eligible Officer’s employment with the Company is terminated for any reason prior to the Change in Control of the Company, and subsequently a Change in Control of the Company occurs, such Eligible Officer shall not be entitled to any benefits
under this Section 6 unless such termination was within two (2) months of said Change in Control and was in connection with or otherwise directly because of such anticipated Change in Control. 

(b) Qualifying Termination. In the event that a Change in Control of the Company shall occur, Tekelec will pay the severance
benefits provided in this Section 6 to an Eligible Officer (CEO, CFO, EVP, or all other officers) who (i) elects to terminate his/her employment within eighteen months of such Change in Control for “Good Reason” as defined in
Section 2(o) above or (ii) is terminated by the Company (or the Acquiror) without Cause within 18 months following the Change in Control of the Company. 
 (c) Change in Control Severance Compensation. An Eligible Officer who is entitled to receive severance benefits under Section 6(b) of this Plan shall receive, subject to Section 6(h), a
Change in Control Severance Allowance in an amount equal to the product of (i) such Eligible Officer’s Annual Compensation and (ii) a percentage determined in accordance with the following table: 

 

					
	 Officer Position Held at Termination
	  	Change in Control Percentage	 
	 CEO
	  	 	200	% 
	 CFO and EVPs
	  	 	150	% 
	 All Other Officer Positions
	  	 	100	% 

 (d) Method of Payment. Any Change in Control Severance Allowance will be paid in a lump sum, less
all applicable withholding taxes, on the sixtieth (60) day following the Termination Date provided the terminated Eligible Officer has timely executed and not revoked the Agreement required under Section 5 of this Plan. Notwithstanding the
preceding sentence, if the terminated Eligible Officer is a Specified Employee, payment shall be made in a lump sum, with interest accruing at a reasonable rate, on the first day of the seventh month immediately following the Termination Date to the
extent necessary for the Eligible Officer to avoid adverse tax consequences under Code Section 409A. 

  
 9 

 (e) Health Care Insurance Continuation. If the terminated
Eligible Officer and the Eligible Officer’s family members who qualify as “Qualifying Beneficiaries” under COBRA elect to continue coverage under Tekelec’s group health plan(s) pursuant to COBRA, Tekelec will reimburse the
Eligible Officer for applicable premium payments to continue such coverage for a period of up to twenty-four (24) months with respect to the CEO, up to eighteen (18) months with respect to the CFO or an EVP, and up to twelve
(12) months for all other officer positions. All reimbursements for COBRA premium payments shall be made as soon as possible following the terminated Eligible Officer’s submission to the Company of proof of timely payments; provided,
however, all such claims for reimbursement shall be submitted by the terminated Eligible Officer and paid by Tekelec no later than 2
 1/2 months following the end of the year in which
such premiums were timely paid. Any expense associated with the continuation of any health care coverage beyond the Eligible Officer’s health care coverage reimbursement period provided herein shall be the sole responsibility of the terminated
Eligible Officer. A terminated Eligible Officer (at the Eligible Officer’s expense) may elect coverage under a conversion health plan available under Tekelec’s group health plan(s) from the Company’s health insurance carrier if and to
the extent the Eligible Officer is entitled to do so as a matter of right under federal or state law. 
 (f)
Acceleration of Vesting. 
 (i) If within the period commencing two (2) months prior to, and ending
eighteen (18) months after, a Change in Control of the Company, (i) an Eligible Officer’s employment with the Company (or the Acquiror) is terminated by the Company (or the Acquiror) without Cause or (ii) an Eligible Officer
terminates his/her employment with the Company (or the Acquiror) for “Good Reason,” then all of such Eligible Officer’s then unvested options, stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and
other rights to purchase or acquire securities or other property of the Company or the Acquiror (including but not limited to any options or rights assumed by the Acquiror in connection with the Change in Control), other than any equity awards or
grants subject to performance-based vesting provisions and any options or rights that were granted after the effective date of the Change in Control, shall automatically vest and become immediately exercisable in full, and all of such Eligible
Officer’s options, SARs, RSUs and rights to purchase securities or other property of the Company and/or the Acquiror (other than equity awards subject to performance-based vesting provisions and such options and rights that were granted after
the effective date of the Change in Control, which options and rights shall be governed by the terms thereof) shall be exercisable for a period of one year following the effective date of such Eligible Officer’s termination of employment with
the Company or the Acquiror, as the case may be (notwithstanding any terms or provisions to the contrary in any applicable stock option plan, stock option agreement or other plan or agreement); provided, however, that any such option or other right
shall not be exercisable after the expiration of the term of such option or other right set forth in the option agreement or other agreement evidencing such right. 

(ii) If in connection with a Change in Control of the Company, an Eligible Officer is not offered, prior to the effective
date of such Change in Control, employment with the Acquiror after the effective date of the Change in Control on terms and conditions generally no less favorable to the Eligible Officer than the terms and conditions of the Eligible Officer’s

  
 10 

 
employment in effect with the Company immediately prior to the effective date of the Change in Control, then all of such Eligible Officer’s unvested options, SARs, RSUs, and other rights to
purchase or acquire the Company’s securities that are outstanding immediately prior to the effective date of the Change in Control (other than equity awards subject to performance-based vesting provisions) shall automatically vest and become
immediately exercisable in full, and all of such Eligible Officer’s options, SARs, RSUs, and rights to purchase or acquire the Company’s securities that are outstanding immediately prior to the effective date of the Change in Control
(other than equity awards subject to performance-based vesting provisions) shall be exercisable for a period of one year following the effective date of such Change in Control (notwithstanding any terms or provisions to the contrary in any
applicable stock option plan, stock option agreement or other plan or agreement); provided, however, that any such option, SAR, RSU or other right shall not be exercisable after the expiration of the term of such option, SAR, RSU, or other right set
forth in the option agreement or other agreement evidencing such right. 
 (iii) For the avoidance of doubt, the
vesting and exercisability of equity awards or grants subject to performance-based vesting provisions shall be governed solely by the terms of the individual award or grant agreements evidencing such awards rather than the accelerated vesting and
extended exercise rights provided in connection with a Change in Control pursuant to this Plan. 
 (g) 280G Modified Cap.
In the event that any payment or benefits of any type by Tekelec to or for the benefit of an Eligible Officer, whether paid or payable or distributed or distributable pursuant to the terms of this Plan or otherwise, would exceed the statutory limit
under Code Section 280G and result in an excise tax imposed on the Eligible Officer by Code Section 4999 (or any similar tax that may hereafter be imposed), then such Eligible Officer shall receive, subject to the conditions of this Plan
and in full satisfaction of his or her rights under this Plan, (A) such payment and benefits, or (B) an amount equal to the product of 2.99 and the Eligible Officer’s “base amount” (as defined in Code Section 280G),
whichever yields the highest after-tax benefit to the Eligible Officer. In the event the benefit described under the foregoing Section 6(h)(B) yields the highest after-tax benefit, such amount shall be paid in a lump sum, less all applicable
withholding taxes, ten days after the effective date of the Agreement required under Section 5 of this Plan; however, if the terminated Eligible Officer is a Specified Employee, payment shall be made in a lump sum, with interest accruing at a
reasonable rate of interest from the Eligible Officer’s Termination Date, on the first day of the seventh month immediately following the Termination Date to the extent necessary for the Eligible Officer to avoid adverse tax consequences under
Code Section 409A. In the event the requirements of Section 5 of this Plan are waived, the phrase “effective date of the Agreement” in this Section 6(h) shall be replaced with “Termination Date.” 

(h) Overpayment. If, after the receipt by the Eligible Officer of an amount paid or advanced by Tekelec pursuant to this
Section 6), the Eligible Officer becomes entitled to receive any refund with respect to such claim, the Eligible Officer shall promptly pay to Tekelec the amount of such refund (together with any interest paid or credited thereon after taxes
applicable thereto). 
 (i) Other Benefit Plans. Except as otherwise expressly provided in this Section 6 or as
required by applicable law, a terminated Eligible Officer shall have no right to continue his/her 

  
 11 

 
participation in any Tekelec benefit plan following such officer’s termination. Without limiting the generality of the foregoing, a terminated Eligible Officer shall not be entitled to
participate in the Company’s 401(k) Plan or any similar plan following his/her Termination Date. 
 (j) Vacation
Pay. A terminated Eligible Officer will be promptly paid for accrued and unused vacation entitlement on and through the Termination Date. 
  

	7.	Administration of this Plan. 

 This Plan is a top-hat welfare plan under the Employee Retirement Income Security Act of 1974. The Plan shall be interpreted and administered for the Company by the Administrator who shall also be the
named fiduciary of this Plan. The Administrator shall administer this Plan in accordance with its terms and shall have all powers necessary to carry out this Plan’s provisions on behalf of the Company. The Administrator shall have discretionary
authority on behalf of the Company to determine reasonably and in good faith all questions arising in the administration, interpretation and application of this Plan and to construe the terms of this Plan, including any disputed or doubtful terms or
the eligibility of an Eligible Officer for any benefit hereunder. Except as otherwise expressly provided in this Plan, the Administrator shall have no power or authority to add to, subtract from or modify any of the terms of this Plan, or to change
or modify any of the benefits provided by this Plan, or to waive or fail to apply any requirements for eligibility for a benefit under this Plan. 
  

	8.	Claims for Benefits. 

 (a)
Initial Claim. In the event an Eligible Officer disputes or otherwise disagrees with the Company’s determination of the severance benefits payable to him or her and desires to make a claim (a “claimant”) with respect to any of
the benefits provided hereunder, the claimant shall so notify, in writing, the Administrator by actual receipt or registered mail (addressed to the “Officer Severance Plan Administrator,” Tekelec, 5200 Paramount Parkway, Morrisville, North
Carolina 27560) and shall submit evidence of events constituting a termination of employment with the Company. Any claim with respect to any of the benefits provided under this Plan shall be made in writing within 90 days of the later of his/her
becoming aware of the event which the claimant asserts entitles him or her to severance benefits or the Company notifying him or her of its determination of the severance benefits payable to him or her under this Plan as a result of the occurrence
of that event. Failure by the claimant to submit his/her claim within such 90-day period shall bar the claimant from disputing the Company’s notification to him or her of its determination of the severance benefits payable to him or her under
this Plan as a result of the occurrence of that event. 
 (b) Appeal. In the event that a claim which is made by a
claimant is wholly or partially denied, the claimant will receive from the Administrator within 60 days of the claimant’s above-referenced notice a written explanation of the reason for denial and the claimant or his/her duly authorized
representative may appeal the denial of the claim to the Administrator at any time within 60 days after the receipt by the claimant of written notice from the Administrator of the denial of the claim. In connection therewith, the claimant or his/her
duly authorized representative may request a review of the denied claim, may review pertinent documents, and may submit issues and comments in writing. Upon receipt of a request for review of a denied claim, the Administrator

  
 12 

 
shall make a decision with respect thereto and, not later than 60 days after receipt of a request for review, shall furnish the claimant with a decision on the review in writing, including the
specific reasons for the decision written in a manner reasonably calculated to be understandable by the claimant or the claimant’s attorney or accountant, as well as specific reference to the pertinent provisions of this Plan upon which the
decision is based. In reaching its decision, the Administrator shall have the discretionary authority in good faith to determine on behalf of the Company all questions arising under this Plan. 

 

	9.	Miscellaneous Provisions. 

(a) Offset. (i) If an Eligible Officer shall become entitled to receive benefits or payments from the Company pursuant to the
provisions of any statute, rule or regulation of the United States or any state, territory, commonwealth or political subdivision thereof as the result of a plant or facility shutdown or closing, or the change in the control or ownership of the
Company (other than unemployment benefits), the amount of severance benefits payable hereunder shall be offset dollar for dollar and reduced by such benefits otherwise payable to the Eligible Officer under such statute, rule or regulation.
(ii) To the maximum extent permitted by Code Section 409A or other applicable law, the amount of any severance benefit payable under this Plan may be offset by the Company against any and all amounts due the Company by the terminated
Eligible Officer. 
 (b) Waiver. The failure of the Company to enforce at any time any of the provisions of this Plan, or
to require at any time performance of any of the provisions of this Plan, shall in no way be construed to be a waiver of these provisions, nor in any way to affect the validity of this Plan or any part thereof, or the right of the Company thereafter
to enforce every provision. 
 (c) Benefits Not Transferable. Except as may be required by law, no benefit which shall be
payable under this Plan to any Eligible Officer shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt to alienate, sell, transfer, assign, pledge, encumber or charge
all or any part of the benefit shall be void; provided, however, in the event of the death of a terminated Eligible Officer prior to the end of the period over which such Eligible Officer is entitled to receive severance benefits under this Plan,
the severance benefits payable hereunder shall be paid to the estate of such Eligible Officer or to the person who acquired the rights to such benefits by bequest or inheritance. Except as may be provided by law, no benefit shall in any manner be
liable for, or subject to, the debts, contracts, liabilities, engagements or torts of any Eligible Officer, nor shall it be subject to attachment or legal process for, or against, the Eligible Officer and the same shall not be recognized under this
Plan. 
 (d) Successors of the Company. The rights and obligations of the Company under the Plan shall inure to the
benefit of, and shall be binding upon, the successors and assigns of the Company. 
 (e) No Contract of Employment. The
definitions and criteria set forth herein are solely for the purpose of defining Plan eligibility. No legal rights to employment are created or implied by this Plan, nor are any conditions or restrictions hereby placed on termination of employment.
Unless the employee has a written employment agreement binding on Tekelec which provides otherwise, employment with Tekelec is employment-at-will. This means termination of employment 

  
 13 

 
may be initiated by the Eligible Officer or by Tekelec at any time for any reason which is not unlawful, with or without cause. 

(f) Governing Law. This Plan shall be construed, administered and governed under and by the laws of the State of North Carolina
and the laws of the United States to the extent they preempt state law or are otherwise applicable to this Plan. 
 (g)
Controlling Plan. This Plan constitutes the Company’s entire Officer Severance Plan for the Eligible Officer and supersedes all previous representations, understandings and plans with respect to officer severance for the Eligible
Officer, and any such representations, understandings and plans with respect to officer severance are hereby canceled and terminated in all respects. 
 (h) Validity. In the event any provision of the Plan is held invalid, void or unenforceable, the same shall not affect, in any respect whatsoever, the validity of any other provisions of the Plan.

 (i) Duration, Amendment and Termination. If a Change in Control has not occurred, this Plan shall automatically
expire, without need for further Board action, upon the third anniversary of the Effective Date unless earlier terminated pursuant to this Section 9(i). If, however, a Change in Control has occurred while this Plan is in effect, this Plan
shall continue in full force and effect for at least eighteen (18) months following such Change in Control and shall not terminate or expire until all Eligible Officers who become entitled to any payments or benefits hereunder shall have
received such payments and benefits in full, at which time this Plan shall automatically expire, without need for further Board action. Following any automatic expiration of this Plan, the Board shall have the sole discretion to decide whether
to renew this Plan and, if so renewed, upon what terms. Subject to the limitations herein provided, this Plan and each provision hereof may be amended, modified, supplemented, terminated or waived at any time by the Board. Each such amendment,
modification, supplement, termination or waiver shall be in writing, shall be promptly sent in writing to each Eligible Officer and shall be effective on the date on or after such Board action as is specified by the Board; provided, however,
that: (i) no such action shall have the effect of retroactively changing or depriving any terminated Eligible Officers of their rights to benefits payable with respect to events occurring prior to the effective date of such amendment,
modification, supplement, termination or waiver unless the explicit written consent or waiver of such Eligible Officer thereto is obtained and (ii) no such action shall adversely diminish the rights under this Plan of an officer who is an
Eligible Officer at the time such amendment, modification, supplement, termination or waiver is approved by the Board unless (A) the explicit written consent thereto or waiver by such Eligible Officer is obtained or (B) such action shall
not become effective with respect to those officers who are Eligible Officers on the date such action is duly approved by the Board until at least 12 months have elapsed after such Eligible Officers have been notified in writing of the Board’s
approval of such action. Any extension, amendment or termination of this Plan by the Board shall be made by action of the Board in accordance with the Company’s by-laws and applicable law. Except as expressly provided herein, no
course of dealing between the parties hereto and no delay in exercising any right, power or remedy conferred hereby or now or hereafter existing at law, in equity, by statute or otherwise, shall operate as a waiver of, or otherwise prejudice, any
such right, power or remedy. 

  
 14 

	10.	409A Compliance. 

(a) Parties’ Intent. This Plan is intended to comply with or qualify for an exemption from Code Section 409A and
all provisions of this Plan shall be construed in a manner consistent with the requirements for avoiding taxes, penalties, or interest under Code Section 409A. If any terms of this Plan (or of any award of compensation, including equity
compensation or benefits) would cause an Eligible Officer to incur any additional taxes, penalties, or interest under Code Section 409A, Tekelec shall, upon the specific request of Eligible Officer, use its reasonable business efforts to in
good faith reform such terms or provisions to comply with Code Section 409A; provided, that to the maximum extent practicable, the original intent and economic benefit to Eligible Officer and Tekelec of the applicable provision shall be
maintained, and the Company shall have no obligation to make any changes that could create any additional economic cost or loss of benefit to Tekelec. Tekelec shall timely use its reasonable business efforts to amend any plan or program in which
Employee participates to bring it in compliance with Section 409A. Notwithstanding the foregoing, the Company shall have no liability to any Eligible Officer or other individuals with regard to any failure to comply with Code Section 409A
so long as it has acted in good faith with regard to compliance therewith. 
 (b) Separation from Service. A termination
of employment shall not be deemed to have occurred for purposes of any provision of this Plan providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination also constitutes a
“Separation from Service” within the meaning of Code Section 409A and, for purposes of any such provision of this Plan, references to a “termination,” “termination of employment,” “separation from
service” or like terms shall mean Separation from Service. 
 (c) Separate Payments. Each installment payment
required under this Plan shall be considered a separate payment for purposes of Section 409A. 
 (d) Bifurcation of
Severance. In the event payment of the General Severance Allowance or the Change in Control Allowance is deferred with respect to an Eligible Officer on account of such Eligible Officer being a Specified Employee, then to the extent it will not
cause adverse tax consequences under Code Section 409A, the amount of the General Severance Allowance or Change in Control Severance Allowance up to two times the lesser of (i) the sum of the Eligible Officer’s annualized compensation
based upon his or her annual rate of pay for services provided to the Company for the prior taxable year; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Code Section 401(a)(17) for the year in
which the Eligible Officer’s termination of employment occurs, may be paid without regard to the six month delay. 
 (e)
Delayed Distribution to Key Employees. If Tekelec determines in accordance with Sections 409A and 416(i) of the Code and the regulations promulgated thereunder, in Tekelec’s sole discretion, that an Eligible Officer is a Specified
Employee of the Company on the date the Eligible Officer’s employment with the Company terminates and that a delay in benefits provided under this Agreement is necessary to comply with Code Section 409A(A)(2)(B)(i), then any severance
payments and any continuation of benefits or reimbursement of benefit costs provided by this Plan, and not 

  
 15 

 
otherwise exempt from Code Section 409A, shall be delayed for a period of six (6) months following the date of termination of Employee’s employment (the “409A Delay
Period”). In such event, any severance benefits, payments and the cost of any continuation of benefits provided under this Plan that would otherwise be due and payable to Eligible Officer during the 409A Delay Period shall be paid to Employee
in a lump sum cash amount in the month following the end of the 409A Delay Period unless alternative delayed payment terms are otherwise provided herein. 
 (f) Certain Reimbursements. To the extent that any COBRA premium reimbursements or benefits or any other reimbursements provided to a terminated Eligible Officer pursuant to this Plan are
taxable to the Eligible Officer, any reimbursement payment due to Eligible Officer pursuant to any such provision shall in all cases be paid to Eligible Officer on or before the last day of Eligible Officer’s taxable year following the taxable
year in which the related expense was incurred. The benefits and reimbursements pursuant to such provisions are not subject to liquidation or exchange for another benefit and the amount of such benefits and reimbursements that Executive receives in
one taxable year shall not affect the amount of such benefits or reimbursements that Executive receives in any other taxable year. 
 [Signature Page Follows] 

  
 16 

 [Signature Page to Tekelec 2011 Officer Severance Plan] 

 

			
	Tekelec
		
	By:	 	 
		 	  Stuart H. Kupinsky
		 	   Senior Vice President, Corporate Affairs,
   General Counsel & Secretary

 Date: May 13, 2011 

  
 17 

 Exhibit 10.1 

EMPLOYMENT SEPARATION AGREEMENT 
 THIS EMPLOYMENT SEPARATION AGREEMENT (the “Agreement”), which includes Exhibits A, B and C hereto which are incorporated herein by this reference, is entered into by and between TEKELEC, a
California corporation (“Tekelec”), and              (“Former Employee”), and shall become effective when executed by both parties hereto (the “Effective
Date”). 
 RECITALS 
 A. Former Employee ceased to be an employee and officer of Tekelec on                     ,
20     (the “Termination Date”). 
 B. Former Employee desires to receive severance
benefits under Tekelec’s Officer Severance Plan dated              (the “Severance Plan”), which benefits are stated in the Severance Plan to be contingent upon, among
other things, Former Employee’s entering into this Agreement and undertaking the obligations set forth herein. 
 C.
Tekelec and Former Employee desire to set forth their respective rights and obligations with respect to Former Employee’s separation from Tekelec and to finally and forever settle and resolve all matters concerning Former Employee’s past
services to Tekelec. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and conditions set forth herein, the receipt and sufficiency of which are hereby acknowledged, Tekelec and Former
Employee hereby agree as follows: 
  

	1.	DEFINITIONS 

 As used
herein, the following terms shall have the meanings set forth below: 
 1.1. “Includes;” “Including.”
Except where followed directly by the word “only,” the terms “includes” or “including” shall mean “includes, but is not limited to,” and “including, but not limited to,” respectively. 

1.2. “Severance Covered Period.” The term “Severance Covered Period” shall mean a period of twenty-four
(24) months with respect to the Chief Executive Officer (“CEO”) participating as an Eligible Officer under this Plan, a period of eighteen (18) months with respect to the Chief Financial Officer (“CFO”) or an Executive
Vice President (“EVP”) participating as an Eligible Officer under this Plan, and a period of twelve (12) months for all other officers participating as an Eligible Officer under this Plan. 

1.3. Other Capitalized Terms. Capitalized terms (other than those specifically defined herein) shall have the same meanings
ascribed to them in the Severance Plan. 

  

	2.	MUTUAL REPRESENTATIONS, WARRANTIES AND COVENANTS 

 Each party hereto represents, warrants and covenants (with respect to itself/himself only) to the other party hereto that, to its/his respective best knowledge and belief as of the date of each
party’s respective signature below: 
 2.1. Full Power and Authority. It/he has full power and authority to execute,
enter into and perform it/his obligations under this Agreement; this Agreement, after execution by both parties hereto, will be a legal, valid and binding obligation of such party enforceable against it/him in accordance with its terms; its/he will
not act or omit to act in any way which would materially interfere with or prohibit the performance of any of its/his obligations hereunder, and no approval or consent other than as has been obtained of any other party is necessary in connection
with the execution and performance of this Agreement. 
 2.2. Effect of Agreement. The execution, delivery and
performance of this Agreement and the consummation of the transactions hereby contemplated: 
 (a) will not
interfere or conflict with, result in a breach of, constitute a default under or violation of any of the terms, provisions, covenants or conditions of any contract, agreement or understanding, whether written or oral, to which it/he is a party
(including, in the case of Tekelec, its bylaws and articles of incorporation each as amended to date) or to which it/he is bound; 
 (b) will not conflict with or violate any applicable law, rule, regulation, judgment, order or decree of any government, governmental agency or court having jurisdiction over such party; and 

(c) has not heretofore been assigned, transferred or granted to another party, or purported to assign, transfer or grant
to another party, any rights, obligations, claims, entitlements, matters, demands or causes of actions relating to the matters covered herein. 
  

	3.	CONFIDENTIALITY OBLIGATIONS DO NOT TERMINATE 

 Former Employee acknowledges that any confidentiality, proprietary rights or nondisclosure agreement(s) in favor of Tekelec which he may have entered into in connection with his employment (collectively,
the “Nondisclosure Agreement”) with Tekelec is understood to be intended to survive, and does survive, any termination of such employment, and accordingly nothing in this Agreement shall be construed as terminating, limiting or otherwise
affecting any such Nondisclosure Agreement or Former Employee’s obligations thereunder. Without limiting the generality of the foregoing, no time period set forth in this Agreement shall be construed as shortening or limiting the term of any
such Nondisclosure Agreement, which term shall continue as set forth therein. 

  
 2 

	4.	BENEFITS AND PAYMENTS TO FORMER EMPLOYEE 

 4.1. Employee Compensation. Tekelec has paid, and Former Employee acknowledges and agrees that Tekelec has paid, to him any and all salary and accrued but unpaid vacation and sick pay owed by
Tekelec to Former Employee up to and including the Termination Date other than any compensation owed to him under the Severance Plan. 
 4.2. Benefits and Severance Payments. In consideration for the release by Former Employee set forth herein (including the release of any and all claims Former Employee has or may have under the Age
Discrimination in Employment Act (“ADEA”) and Older Workers Benefit Protection Act (“OWBPA”)) and Former Employee’s performance of Former Employee’s obligations under this Agreement (including but not limited to Former
Employee’s obligations under Section 6 hereof), Former Employee is entitled to receive, and Tekelec shall pay to Former Employee, the applicable benefits and payments specified in the Severance Plan. 

 

	5.	STOCK OPTIONS 

 Exhibit A
hereto sets forth any and all outstanding stock options, warrants, stock appreciation rights, restricted stock units and similar equity compensation awards and other rights to purchase capital stock or other securities of Tekelec which have been
previously issued to Former Employee and which are outstanding as of the date hereof. Nothing in this Agreement shall alter or affect any of such outstanding stock options, warrants, equity incentives or rights or Former Employee’s rights or
responsibilities with respect thereto, including but not limited to Former Employee’s rights to exercise any of his options, warrants, equity incentives or rights following the Termination Date. 

 

	6.	NON-COMPETITION AND NON-SOLICITATION 

 6.1. Subject and in addition to Former Employee’s existing fiduciary duties as a former officer and/or employee of Tekelec to the extent such continues under applicable law after Former
Employee’s Termination Date, provided that Tekelec has not breached any of the terms of this Agreement or any other currently existing written agreements between Tekelec and Former Employee, Former Employee agrees until the earlier of
(i) the Severance Covered Period or (ii) such date as Tekelec may terminate this Agreement for default hereunder (the “Restricted Period”): 
 (a) Not to engage, either directly or indirectly, in any Competing Business Activity (as defined below) or be associated with a Competing Business Entity (as defined below) as an officer, director,
employee, principal, consultant, lender, creditor, investor, agent or otherwise for any corporation, partnership, company, agency, person, association or any other entity; provided, however, that nothing contained herein shall prevent Former
Employee from owning not more than 5% of the common equity and not more than 5% of the voting power of, or lending not more than $25,000 to, any Competing Business Entity or any business engaged in a Competing Business Activity; provided, further,
that for purposes of this Agreement, any equity ownership, voting control or lending activity of Former Employee shall be deemed to include that of (i) any family member or (ii) person or entity controlled by Former Employee; 

  
 3 

 (b) Not to call upon or cause to be called upon, or solicit or assist in the
solicitation of, in connection with any Competing Business Entity or Competing Business Activity, any entity, agency, person, firm, association, partnership or corporation that is a customer or account of Tekelec, currently and/or during the
Restricted Period, for the purpose of selling, renting, leasing, licensing or supplying any product or service that is the same as, similar to or competitive with the products or services then being sold or developed by Tekelec; 

(c) Not to enter into an employment or agency relationship with a Competing Business Entity or involving a Competing
Business Activity with any person who, at the time of such entry, is an officer, director, employee, principal or agent of or with respect to Tekelec; and 
 (d) Not to induce or attempt to induce any person described in Section 6.1(c) to leave his employment, agency, directorship or office with Tekelec. 

6.2. For purposes of this Section 6, a “Competing Business Activity” shall mean any business activity of a person or
entity (other than Tekelec) involving the development, design, manufacture, distribution, marketing, licensing, renting, leasing or selling within the Territory (as defined below) of products and services which are the same as, similar to or
competitive with products or services of Tekelec then in existence or under development. For purposes hereof, the Territory shall include the United States of America, Canada, Central America, South America, Europe, Japan, Australia, Singapore and
such other countries in which Tekelec then distributes, markets, licenses, rents, leases or sells its products or services. An entity as a whole shall be deemed to be a Competing Business Entity if it has one or more business activities involving
the development, design, manufacture, distribution, marketing, licensing, renting, leasing or selling directly or indirectly within the Territory of products or services which are the same as, similar to or competitive with products or services of
Tekelec then being sold or under development and if and only if the revenues derived directly or indirectly from engaging in such business activities by such entity represent either more than 3% of the entity’s revenues or at least $5 million
in aggregate sales, or both, for the then-preceding 12-month period. 
 6.3. The parties acknowledge that the provisions and
obligations set forth in this Section 6 are an integral part of this Agreement and that in the event Former Employee breaches any of the provisions or obligations of this Section 6 or any other term, provision or obligation of this
Agreement, then Tekelec, in addition to any other rights or remedy it may have at law, in equity, by statute or otherwise, shall be excused from its payment obligations to Former Employee under the Severance Plan and this Agreement. 

6.4. Former Employee acknowledges that any agreement prohibiting competition or solicitation (collectively “Non-Competition
Agreement”) in favor of Tekelec which Former Employee may have entered into in connection with Former Employee’s employment with Tekelec is understood to be intended to survive, and does survive, any termination of such employment, and
accordingly nothing in this Agreement shall be construed as terminating, limiting or otherwise affecting any such Non-Competition Agreement or Former Employee’s obligations thereunder. Without limiting the generality of the foregoing, no
time period set forth in this Agreement shall be 

  
 4 

 
construed as shortening or limiting the term of any such Non-Competition Agreement, which term shall continue as set forth therein. 

 

	7.	CONFIDENTIAL INFORMATION AND TRADE SECRETS 

 7.1. Former Employee hereby recognizes, acknowledges and agrees that Tekelec is the owner of proprietary rights in certain confidential sales and marketing information, programs, tactics, systems,
methods, processes, compilations of technical and non-technical information, records and other business, financial, sales, marketing and other information and things of value. To the extent that any or all of the foregoing constitute valuable trade
secrets and/or confidential and/or privileged information of Tekelec, Former Employee hereby further agrees as follows: 
 (a) That, except with prior written authorization from Tekelec’s CEO, for purposes related to Tekelec’s best interests, he will not directly or indirectly duplicate, remove, transfer, disclose
or utilize, nor knowingly allow any other person to duplicate, remove, transfer, disclose or utilize, any property, assets, trade secrets or other things of value, including, but not limited to, records, techniques, procedures, systems, methods,
market research, new product plans and ideas, distribution arrangements, advertising and promotional materials, forms, patterns, lists of past, present or prospective customers, and data prepared for, stored in, processed by or obtained from, an
automated information system belonging to or in the possession of Tekelec which are not intended for and have not been the subject of public disclosure. Former Employee agrees to safeguard all Tekelec trade secrets in his possession or known to him
at all times so that they are not exposed to, or taken by, unauthorized persons and to exercise his reasonable efforts to assure their safekeeping. This subsection shall not apply to information that as of the date hereof is, or as of the date of
such duplication, removal, transfer, disclosure or utilization (or the knowing allowing thereof) by Former Employee has (i) become generally known to the public or competitors of Tekelec (other than as a result of a breach of this Agreement);
(ii) been lawfully obtained by Former Employee from any third party who has lawfully obtained such information without breaching any obligation of confidentiality; or (iii) been published or generally disclosed to the public by Tekelec.
Former Employee shall bear the burden of showing that any of the foregoing exclusions applies to any information or materials. 
 (b) That all improvements, discoveries, systems, techniques, ideas, processes, programs and other things of value made or conceived in whole or in part by Former Employee with respect to any aspects of
Tekelec’s current or anticipated business while an employee of Tekelec are and remain the sole and exclusive property of Tekelec, and Former Employee has disclosed all such things of value to Tekelec and will cooperate with Tekelec to insure
that the ownership by Tekelec of such property is protected. All of such property of Tekelec in Former Employee’s possession or control, including, but not limited to, all personal notes, documents and reproductions thereof, relating to the
business and the trade secrets or confidential or privileged information of Tekelec has already been, or shall be immediately, delivered to Tekelec. 
 7.2. Former Employee further acknowledges that as the result of his prior service as an officer and employee of Tekelec, he has had access to, and is in possession of, information and documents protected
by the attorney-client privilege and by the attorney work product doctrine. 

  
 5 

 
Former Employee understands that the privilege to hold such information and documents confidential is Tekelec’s, not his personally, and that he will not disclose the information or
documents to any person or entity without the express prior written consent of the CEO or Board of Tekelec unless he is required to do so by law. 
 7.3. Former Employee’s obligations set forth in this Section 7 shall be in addition to, and not instead of, Former Employee’s obligations under any written Nondisclosure Agreement.

  

	8.	ENFORCEMENT OF SECTIONS 6 AND 7 

 Former Employee hereby acknowledges and agrees that the services rendered by him to Tekelec in the course of his prior employment were of a special and unique character, and that breach by him of any
provision of the covenants set forth in Sections 6 and 7 of this Agreement will cause Tekelec irreparable injury and damages. Former Employee expressly agrees that Tekelec shall be entitled, in addition to all other remedies available to it whether
at law or in equity, to injunctive or other equitable relief to secure their enforcement. 
 The parties hereto expressly agree
that the covenants contained in Sections 6 and 7 hereof are reasonable in scope, duration and otherwise; however, if any of the restraints provided in said covenants are adjudicated to be excessively broad as to geographic area or time or otherwise,
said restraint shall be reduced to whatever extent is reasonable and the restraint shall be fully enforced in such modified form. Any provisions of said covenants not so reduced shall remain in full force and effect. 

 

	9.	PROHIBITION AGAINST DISPARAGEMENT 

 9.1. Former Employee agrees that for a period of two years following the Effective Date any communication, whether oral or written, occurring on or off the premises of Tekelec, made by him or on his
behalf to any person or entity (including, without limitation, any Tekelec employee, customer, vendor, supplier, any competitor, any media entity and any person associated with any media) which in any way relates to Tekelec (or any of its
subsidiaries) or to Tekelec’s or any of its subsidiaries’ directors, officers, management or employees: (a) will be truthful; and (b) will not, directly or indirectly, criticize, disparage, or in any manner undermine the
reputation or business practices of Tekelec or its directors, officers, management or employees. 
 9.2. The only exceptions to
Section 9.1 shall be: (a) truthful statements privately made to (i) the CEO of Tekelec, (ii) any member of Tekelec’s Board, (iii) Tekelec’s auditors, (iv) inside or outside counsel of Tekelec, (v) Former
Employee’s counsel or (vi) Former Employee’s spouse; (b) truthful statements lawfully compelled and made under oath in connection with a court or government administrative proceeding; and (c) truthful statements made to
specified persons upon and in compliance with prior written authorization from Tekelec’s CEO or Board to Former Employee directing him to respond to inquiries from such specified persons. 

  
 6 

	10.	COOPERATION 

 Former
Employee agrees that for a period of five years commencing with the Effective Date he will cooperate fully and reasonably with Tekelec in connection with any future or currently pending matter, proceeding, litigation or threatened litigation:
(1) directly or indirectly involving Tekelec (which, for purposes of this section, shall include Tekelec and each of its current and future subsidiaries, successors or permitted assigns); or (2) directly or indirectly involving any
director, officer or employee of Tekelec (with regard to matters relating to such person(s) acting in such capacities with regard to Tekelec business). Such cooperation shall include making himself available upon reasonable notice at reasonable
times and places for consultation and to testify truthfully (at Tekelec’s expense for reasonable, pre-approved out-of-pocket travel costs plus a daily fee equal to one-twentieth of his Base Salary as calculated on a monthly basis for each full
or partial day during which Former Employee makes himself so available) in any action as reasonably requested by the CEO or the Board of Directors. Former Employee further agrees to immediately notify Tekelec’s CEO in writing in the event that
he receives any legal process or other communication purporting to require or request him to produce testimony, documents, information or things in any manner related to Tekelec, its directors, officers or employees, and that he will not produce
testimony, documents, information or other things with regard to any pending or threatened lawsuit or proceeding regarding Tekelec without giving Tekelec prior written notice of the same and reasonable time to protect its interests with respect
thereto. Former Employee further promises that when so directed by the CEO or the Board of Directors, he will make himself available to attend any such legal proceeding and will truthfully respond to any questions in any manner concerning or
relating to Tekelec and will produce all documents and things in his possession or under his control which in any manner concern or relate to Tekelec. Former Employee covenants and agrees that he will immediately notify Tekelec’s CEO in writing
in the event that he breaches any of the provisions of Sections 6, 7, 9 or 10 hereof. 
  

	11.	SOLE ENTITLEMENT 

 Former
Employee acknowledges and agrees that his sole entitlement to compensation, payments of any kind, monetary and nonmonetary benefits and perquisites with respect to his prior Tekelec relationship (as an officer and employee) is as set forth in the
Severance Plan, this Agreement, the Company’s bonus plan for officers as in effect from time to time, stock option and warrant agreements, COBRA, and such other written agreements and securities between Tekelec and Former Employee as may exist
or as may be set forth on Exhibit B hereto. 
  

	12.	RELEASE OF CLAIMS 

 12.1.
General. Former Employee does hereby and forever release and discharge Tekelec and the predecessor corporation of Tekelec as well as the successors, current, prior or future shareholders of record, officers, directors, heirs, predecessors,
assigns, agents, employees, attorneys, insurers and representatives of each of them, past, present or future, from any and all cause or causes of action, actions, judgments, liens, indebtedness, damages, losses, claims, liabilities and demands of
any kind or character whatsoever, whether known or unknown, suspected to exist or not suspected to exist, anticipated or not anticipated, whether or not heretofore brought before any 

  
 7 

 
state or federal agency, court or other governmental entity which are existing on or arising prior to the date of this Agreement and which, directly or indirectly, in whole or in part, relate or
are attributable to, connected with, or incidental to the previous employment of Former Employee by Tekelec, the separation of that employment, and any dealings between the parties concerning Former Employee’s employment existing prior to the
date of execution of this Agreement, excepting only those obligations expressly recited herein or to be performed hereunder. Nothing contained in this Section 12 shall affect any rights, claims or causes of action which Former Employee may have
(1) with respect to his outstanding stock options, stock appreciation rights, restricted stock units, warrants or other stock subscription rights to purchase Tekelec Common Stock or other securities under the terms and conditions thereof;
(2) as a shareholder of Tekelec; (3) to indemnification by Tekelec, to the extent required under the provisions of Tekelec’s Articles of Incorporation, Tekelec’s Bylaws, the California General Corporation Law, insurance or
contracts, with respect to matters relating to Former Employee’s prior service as a director, an officer, employee and/or agent of Tekelec; (4) with respect to his eligibility for severance payments under the Severance Plan or any other
written agreement listed on Exhibit B hereto; and (5) to make claims against or seek indemnification or contribution from anyone not released by the first sentence of this Section 12 with respect to any matter or anyone released by the
first sentence of this Section 12 with respect to any matter not released thereby; or (6) with respect to Tekelec’s performance of this Agreement; or (7) with respect to claims for (a) workers’ compensation benefits or
unemployment benefits filed with the applicable state agencies, (b) vested retirement benefits, or (c) claims described in Sections 12.3 and 12.4 below. Further, Former Employee waives specifically any and all rights or claims Former
Employee has or may have under the ADEA and acknowledges that such waiver is given voluntarily in exchange for certain consideration included in the severance benefits being paid pursuant to this Agreement. 

12.2. Waiver of Unknown Claims. Former Employee acknowledges that he is aware that he may hereafter discover claims or facts
different from or in addition to those he now knows or believes to be true with respect to the matters herein released, and he agrees that this release shall be and remain in effect in all respects a complete general release as to the matters
released and all claims relative thereto which may exist or may heretofore have existed, notwithstanding any such different or additional facts. Former Employee acknowledges that he has been informed of Section 1542 of the Civil Code of the
State of California, and does hereby expressly waive and relinquish all rights and benefits which he has or may have under said Section (or any similar state statute), which reads as follows: 

“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.” 
 12.3.
Covenant Not to Sue on Matters Released. Former Employee covenants that he will not make, assert or maintain against any person or entity that Former Employee has released in this Agreement, any claim, demand, action, cause of action, suit or
proceeding arising out of or in connection with the matters herein released, including but not limited to any claim or right under the ADEA; provided, however, this Section 12.3 shall not bar a challenge under the OWBPA to the

  
 8 

 
enforceability of the waiver and release of ADEA claims set forth in this Agreement or claims for workers’ compensation, unemployment benefits or vested retirement benefits referenced above.
Former Employee represents and warrants that he has not assigned or transferred, purported to assign or transfer, and will not assign or transfer, any matter or claim herein released. Former Employee represents and warrants that he knows of no other
person or entity which claims an interest in the matters or claims herein released. Former Employee agrees to, and shall at all times, indemnify and hold harmless each person and entity that Former Employee has released in this Agreement against any
claim, demand, damage, debt, liability, account, action or cause of action, or cost or expense, including attorneys’ fees, resulting or arising from any breach of the representations, warranties and covenants made herein. 

12.4. Agency Charges/Investigations. Nothing in this Agreement shall prohibit Former Employee from filing a charge or
participating in an investigation or proceeding conducted by the U.S. Equal Employment Opportunity Commission or other governmental agency with jurisdiction concerning the terms, conditions and privileges of his employment; provided however, that by
signing this Agreement, former Employee waives his right to, and shall not seek or accept, any monetary or other relief of any nature whatsoever in connection with any such changes, investigations or proceedings. 

 

	13.	ASSIGNMENT 

 Former
Employee represents and warrants that he has not heretofore assigned, transferred or granted or purported to assign, transfer or grant any claims, entitlement, matters, demands or causes of action herein released, disclaimed, discharged or
terminated, and agrees to indemnify and hold harmless Tekelec from and against any and all costs, expense, loss or liability incurred by Tekelec as a consequence of any such assignment, transfer or grant. 

 

	14.	FORMER EMPLOYEE REPRESENTATIONS 

 Notwithstanding that this Agreement is being entered into subsequent to the Termination Date, except as listed by Former Employee on Exhibit C, from the period beginning on the Termination Date to the
Effective Date, Former Employee represents and warrants that he has not acted or omitted to act in any respect which directly or indirectly would have constituted a violation of Sections 6, 7, 9 or 10 herein had this Agreement then been in effect.

  

	15.	MISCELLANEOUS 

 15.1.
Notices. All notices and demands referred to or required herein or pursuant hereto shall be in writing, shall specifically reference this Agreement and shall be deemed to be duly sent and given upon actual delivery to and receipt by the
relevant party (which notice, in the case of Tekelec, must be from an officer of Tekelec) or five days after deposit in the U.S. mail by certified or registered mail, return receipt requested, with postage prepaid, addressed as follows (if, however,
a party has given the other party due notice of another address for the sending of notices, then future notices shall be sent to such new address): 

  
 9 

					
	 (a)      If to Tekelec: 
	 		 	Tekelec
		 		 	5200 Paramount Parkway
		 		 	Morrisville, North Carolina 27560
		 		 	Attn: Chief Executive Officer
			
	 With a copy to: 
	 		 	General Counsel Tekelec
		 		 	5200 Paramount Parkway
		 		 	Morrisville, North Carolina 27560
			
	 (b)      If to Former Employee:
	 		 	 
		 		 	 
		 		 	 

 15.2. Legal Advice and Construction of Agreement. Both Tekelec and Former Employee have received
(or have voluntarily and knowingly elected not to receive) independent legal advice with respect to the advisability of entering into this Agreement and with respect to all matters covered by this Agreement and neither has been entitled to rely upon
or has in fact relied upon the legal or other advice of the other party or such other party’s counsel (or employees) in entering into this Agreement. 
 15.3. Parties’ Understanding. Tekelec and Former Employee state that each has carefully read this Agreement, that it has been fully explained to it/him by its/his attorney (or that it/he has
voluntarily and knowingly elected not to receive such explanation), that it/he fully understands its final and binding effect, that the only promises made to it/him to sign the Agreement are those stated herein, and that it/he is signing this
Agreement voluntarily. 
 15.4. Recitals and Section Headings. Each term of this Agreement is contractual and not merely
a recital. All recitals are incorporated by reference into this Agreement. Captions and section headings are used herein for convenience only, are not part of this Agreement and shall not be used in interpreting or construing it. 

15.5. Entire Agreement. This Agreement constitutes a single integrated contract expressing the entire agreement of the parties
with respect to the subject matter hereof and supersedes all prior and contemporaneous oral and written agreements and discussions with respect to the subject matter hereof. Notwithstanding the foregoing, the parties understand and agree that any
Nondisclosure Agreement and all other written agreements between Former Employee and Tekelec are separate from this Agreement and, subject to the terms and conditions of each such agreement, shall survive the execution of this Agreement, and nothing
contained in this Agreement shall be construed as affecting the rights or obligations of either party set forth in such agreements. 
 15.6. Severability. In the event any provision of this Agreement or the application thereof to any circumstance shall be determined by arbitration pursuant to Section 15.10 of this Agreement
or held by a court of competent jurisdiction to be invalid, illegal or unenforceable, or to be excessively broad as to time, duration, geographical scope, activity, subject or otherwise, it shall be construed to be limited or reduced so as to be
enforceable to the maximum extent allowed by 

  
 10 

 
applicable law as it shall then be in force, and if such construction shall not be feasible, then such provision shall be deemed to be deleted herefrom in any action before that court, and all
other provisions of this Agreement shall remain in full force and effect. 
 15.7. Amendment and Waiver. This Agreement
and each provision hereof may be amended, modified, supplemented or waived only by a written document specifically identifying this Agreement and signed by each party hereto. Except as expressly provided in this Agreement, no course of dealing
between the parties hereto and no delay in exercising any right, power or remedy conferred hereby or now or hereafter existing at law, in equity, by statute or otherwise, shall operate as a waiver of, or otherwise prejudice, any such rights, power
or remedy. 
 15.8. Cumulative Remedies. None of the rights, powers or remedies conferred herein shall be mutually
exclusive, and each such right, power or remedy shall be cumulative and in addition to every other right, power or remedy, whether conferred herein or now or hereafter available at law, in equity, by statute or otherwise. 

15.9. Specific Performance. Each party hereto may obtain specific performance to enforce its/his rights hereunder and each party
acknowledges that failure to fulfill its/his obligations to the other party hereto would result in irreparable harm. 
 15.10.
Arbitration. Except for the right of either party to apply to a court of competent jurisdiction for a Temporary Restraining Order to preserve the status quo or prevent irreparable harm, any dispute or controversy between Tekelec and Former
Employee under this Agreement involving its interpretation or the obligations of a party hereto shall be determined by binding arbitration in accordance with the commercial arbitration rules of the American Arbitration Association, in the County of
Wake, State of North Carolina. 
 Arbitration may be conducted by one impartial arbitrator by mutual agreement. In the event
that the parties are unable to agree on a single arbitrator within 30 days of first demand for arbitration, the arbitration shall proceed before a panel of three arbitrators, one of whom shall be selected by Tekelec and one of whom shall be selected
by Former Employee, and the third of whom shall be selected by the two arbitrators selected. All arbitrators are to be selected from a panel provided by the American Arbitration Association. The arbitrators shall have the authority to permit
discovery, to the extent deemed appropriate by the arbitrators, upon request of a party. The arbitrators shall have no power or authority to add to or, except as otherwise provided by Section 15.6 hereof, to detract from the agreements of the
parties, and the prevailing party shall recover costs and attorneys’ fees incurred in arbitration. The arbitrators shall have the authority to grant injunctive relief in a form substantially similar to that which would otherwise be granted by a
court of law. The arbitrators shall have no authority to award punitive or consequential damages. The resulting arbitration award may be enforced, or injunctive relief may be sought, in any court of competent jurisdiction. Any action arising out of
or relating to this Agreement may be filed only in the Superior Court of the County of Wake, North Carolina or the United States District Court for the Eastern District of North Carolina. 

15.11. North Carolina Law and Location. This Agreement was negotiated, executed and delivered within the State of North Carolina,
and the rights and obligations of the parties hereto 

  
 11 

 
shall be construed and enforced in accordance with and governed by the internal (and not the conflict of laws) laws of the State of North Carolina applicable to the construction and enforcement
of contracts between parties resident in North Carolina which are entered into and fully performed in North Carolina. Any action or proceeding arising out of, relating to or concerning this Agreement that is not subject to the arbitration provisions
set forth in Section 15.10 above shall be filed in the state courts of the County of Wake, State of North Carolina or in a United States District Court for the Eastern District of North Carolina and in no other location. The parties hereby
waive the right to object to such location on the basis of venue. 
 15.12. Attorneys’ Fees. In the event a lawsuit
is instituted by either party concerning a dispute under this Agreement, the prevailing party in such lawsuit shall be entitled to recover from the losing party all reasonable attorneys’ fees, costs of suit and expenses (including the
reasonable fees, costs and expenses of appeals), in addition to whatever damages or other relief the injured party is otherwise entitled to under law or equity in connection with such dispute. 

15.13. Force Majeure. Neither Tekelec nor Former Employee shall be deemed in default if its/his performance of obligations
hereunder is delayed or become impossible or impracticable by reason of any act of God, war, fire, earthquake, strike, civil commotion, epidemic, or any other cause beyond such party’s reasonable control. 

15.14. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. 
 15.15. Successors and Assigns. Neither party may
assign this Agreement or any of its rights or obligations hereunder (including, without limitation, rights and duties of performance) to any third party or entity, and this Agreement may not be involuntarily assigned or assigned by operation of law,
without the prior written consent of the non-assigning party, which consent may be given or withheld by such non-assigning party in the sole exercise of its discretion, except that Tekelec may assign this Agreement to a corporation acquiring:
(1) 50% or more of Tekelec’s capital stock in a merger or acquisition; or (2) all or substantially all of the assets of Tekelec in a single transaction; and except that Former Employee may transfer or assign his rights under this
Agreement voluntarily, involuntarily or by operation of law upon or as a result of his death to his heirs, estate and/or personal representative(s). Any prohibited assignment shall be null and void, and any attempted assignment of this Agreement in
violation of this section shall constitute a material breach of this Agreement and cause for its termination by and at the election of the other party hereto by notice. This Agreement shall be binding upon and inure to the benefit of each of the
parties hereto and each person or entity released pursuant to Section 12 hereof and, except as otherwise provided herein, their respective legal successors and permitted assigns. 

15.16. Payment Procedure. Except as otherwise explicitly provided herein or in the Severance Plan, all payments by Tekelec to
Former Employee or by Former Employee to Tekelec due hereunder may be by, at the paying party’s election, cash, wire transfer or check. Except as explicitly provided herein or in the Severance Plan, neither party may reduce any payment or

  
 12 

 
obligation due hereunder by any amount owed or believed owed to the other party under any other agreement, whether oral or written, now in effect or hereafter entered into. 

15.17. Survival. The definitions, representations and warranties herein as well as obligations set forth in Sections 6, 7 and 9-15
shall survive any termination of this Agreement for any reason whatsoever. 
 15.18. No Admission. Neither the entry into
this Agreement nor the giving of consideration hereunder shall constitute an admission of any wrongdoing by Tekelec or Former Employee. 
 15.19. Limitation of Damages. Except as expressly set forth herein, in any action or proceeding arising out of, relating to or concerning this Agreement, including any claim of breach of contract,
liability shall be limited to compensatory damages proximately caused by the breach and neither party shall, under any circumstances, be liable to the other party for consequential, incidental, indirect or special damages, including but not limited
to lost profits or income, even if such party has been apprised of the likelihood of such damages occurring. 
 15.20.
Pronouns. As used herein, the words “he”, “him”, “his” and “himself” shall be deemed to refer to the feminine as the identity of the person referred to and the context may require. 

15.21. Effectiveness. This Agreement shall become effective upon execution by both parties hereto and after expiration of the
revocation period set forth in Section 16 below. 
  

	16.	21 DAY REVIEW PERIOD; RIGHT TO REVOKE 

 Former Employee acknowledges that he was advised in writing to consult with an attorney prior to executing this Agreement and represents and warrants to Tekelec that he has done so, and further
acknowledges that he has been given a period of 21 days within which to consider the terms and provisions of this Agreement with his attorney. If Former Employee has executed and delivered to Tekelec this Agreement prior to the expiration of such
21-day period, then in doing so, Former Employee acknowledges that he has unconditionally and irrevocably waived his right to that unexpired portion of such 21-day period. In addition, Former Employee shall have the right to revoke this Agreement
for a period of seven days following the date on which this Agreement is signed by sending written notification of such revocation directly to Tekelec, General Counsel of Tekelec at the address specified in Section 15.1, supra, via hand
delivery. 
  

	17.	CODE SECTION 409A COMPLIANCE 

 If the Company determines, in accordance with Code Sections 409A and 416(i) and the regulations promulgated thereunder, in the Company’s sole discretion that Former Employee is a Specified Employee,
as defined in the Severance Plan, on the Termination Date and that a delay in severance pay and benefits provided under this Agreement is necessary for compliance with Code Section 409A(a)(2)(B)(i), then any severance payment and any
continuation of benefits or reimbursement of benefit costs provided under this Agreement and not otherwise exempt from 

  
 13 

 
Code Section 409A shall be delayed for a period of six (6) months (the “409A Delay Period”). In such event, such severance payment and the cost of any such continuation of
benefits provided under this Agreement that would otherwise be due and payable to Employee during 409A Delay Period shall be paid to Employee in a lump sum cash amount, with interest accruing at a reasonable rate from the Termination Date, on the
first day of the seventh month immediately following the Termination Date. 
  

									
	TEKELEC	 		 	[Insert Former Employee’s Name]
					
	By:	 	 	 		 	Signature:	 	 
	Print Name:	 	 	 		 		 	
	Print Title:	 	 	 		 		 	
			
	Date:                           
                                         
            , 20        	 		 	Date:                           
                                         
        , 20        

  
 14 

 EXHIBIT A 
 OUTSTANDING STOCK PURCHASE RIGHTS 
  

									
	 Type of Security
 [e.g., stock option, SAR,
 RSU warrant,
etc.]
	 	 Date Issued
	 	 Maximum
 Number of
 Shares

Currently

Purchasable
 or Issuable
	 	 Purchase
 Price Per
 Share
	 	 Termination

Date

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  
 15 

 EXHIBIT B 
 LIST OF OTHER AGREEMENTS (Pursuant to §§12 and 13) 

  
 16 

 EXHIBIT C 
 EXCEPTIONS (Pursuant to §15) 

  
 17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}]]