Document:

General Release - Mark Voll

 Exhibit 10.7 
 GENERAL RELEASE 
 Mark Voll (“you”) and InvenSense, Inc.
(the “Company”) (collectively, “the parties”) have agreed to enter into this General Release (“Agreement”) on the following terms: 
 You acknowledge that your employment with the Company terminated effective January 18, 2011 (“Termination Date”). You further acknowledge that you have received your final paycheck, which
includes your final wages and pay for any accrued but unused vacation or personal days through your last day of employment, less withholdings. The parties acknowledge that except as provided for in this Agreement, all benefits and perquisites of
employment cease as of your last day of employment. 
 Further, within ten (10) days of your execution without revocation of
this Agreement, the Company will provide you with the consideration in (i) below (“Severance Benefits”): 
 (i) a
check in the amount of $60,000.00, which is equivalent to three (3) months; 
 You understand and agree that you are not
entitled to any compensation, benefits, remuneration, accruals, contributions, reimbursements, bonus, option grant, vesting, or vacation or other payments from the Company other than those expressly set forth in this paragraph, and that any and all
payments and benefits you may receive under this Agreement are subject to all applicable taxes and withholdings. You further understand and agree that your eligibility for any Severance Benefits is subject to your compliance with the terms and
conditions of this Agreement. 
 In exchange for Severance Benefits, which you acknowledge exceed any amounts to which you
otherwise may be entitled under the Company’s policies and practices or applicable law, you and your representatives completely release from, and agree to not file, cause to be filed or pursue against, the Company, its affiliated, related,
parent or subsidiary companies, and its present and former directors, officers, and employees (the “Released Parties”) all claims of any kind, known and unknown, which you may now have or have ever had against any of them, or arising out
of your relationship with any of them, including all claims for compensation and bonuses, attorneys’ fees, and all claims arising from your employment with the Company or the termination of your employment, whether based on contract, tort,
statute, local ordinance, regulation or any comparable law in any jurisdiction (“Released Claims”). By way of example and not limitation, Released Claims shall include any claims arising under Title VII of the Civil Rights Act of 1964, the
Americans with Disabilities Act, the Age Discrimination in Employment Act (“ADEA”), the federal Worker Adjustment Retraining Notification Act (“WARN Act”) under 29 U.S.C. § 2102 et seq., the California WARN Act,
California Labor Code § 1400 et seq., and the California Fair Employment and Housing Act (or any comparable law in any jurisdiction). Finally, you agree that with the exception of your final wages, all other payments and benefits
referenced in this Agreement are in excess of any amounts to which you otherwise are legally entitled, and that these amounts shall be offset against any state or federal WARN Act (or other) notice or pay in lieu of notice obligation, if any, that
the Company may be found to have in the future. 

  
 1 

 In this paragraph, we provide you with specific information required
under the ADEA. You acknowledge that you have received and reviewed any and all information required, if any, by the Older Workers Benefit Protection Act pertaining to your termination from the Company. You agree that your release of claims in this
Agreement includes a knowing and voluntary waiver of any rights you may have under the ADEA. You acknowledge that you have been given an opportunity to consider for twenty-one (21) days the terms of this Agreement, although you may
sign beforehand, and that you are advised by the Company to consult with an attorney. You further understand that you can revoke your waiver of ADEA claims within seven (7) days of signing it, but that you will not be eligible for any Severance
Benefits if you revoke your waiver. Revocation must be made by delivering a written notice of revocation to InvenSense, Attn: Human Resources at 1197Borregas Ave, Sunnyvale, CA 94089. You acknowledge and agree that for the revocation to be
effective, the written notice must be received no later than the close of business (5:00 p.m. P.S.T.) on the seventh
(7th) day after you sign this Agreement. This Agreement
will become effective and enforceable on the eighth (8th) day following your execution of this. Agreement, provided you have not exercised your right to revoke this Agreement. You further agree that any change to this Agreement, whether material or
immaterial, will not restart the twenty-one (21) day review period. 
 You also agree that because this release
specifically covers known and unknown claims, you waive your rights under Section 1542 of the California Civil Code or any other comparable statute of any jurisdiction, which states as follows: 

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER
FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT TO THE DEBTOR.” 
 Notwithstanding the foregoing, the parties acknowledge and agree that you are not waiving or being required to waive any right that cannot be waived as a matter of law, including the right to file a
charge with or participate in an investigation by a governmental administrative agency; provided, however, that you hereby disclaim and waive any right to share or participate in any monetary award resulting from the prosecution of such charge or
investigation. 
 You further agree to maintain this Agreement and its contents in the strictest confidence and agree that you
will not disclose the terms of this Agreement to any third party (other than your legal and financial advisors) without the prior written consent of the Company, unless otherwise required by law. You also agree that you will not make or publish,
either orally or in writing, any disparaging statement regarding any Released Parties. The parties further agree that you will refer any third party reference requests to Human Resources, who will respond by confirming dates of employment and last
position held. 
 You agree not to disclose any confidential or proprietary information or know-how belonging to the Company or
acquired by you during your employment with the Company as described in your Company Proprietary Information and Inventions Agreement (“PIA”). You acknowledge that the PIA that you signed upon your hire remains in effect after your
employment with the Company ends. 

  
 2 

 You and the Company further agree that the sole remedy for any and all disputes arising out
of or based on the terms, interpretation, application, or alleged breach of this Agreement, including any of the Released Claims (“Arbitrable Claims”), shall be binding arbitration, which shall be conducted in Santa Clara County,
California, before a single arbitrator, in accordance with the then applicable rules of the Judicial Arbitration and Mediation Service (“JAMS”) or by a non-JAMS process to which the parties may otherwise agree. By agreeing to arbitrate,
the parties are waiving their respective rights to a jury trial with regard to any of the above-referenced claims. 
 This
Agreement is the entire agreement and understanding between you and the Company concerning its subject matter, replaces and supersedes any and all prior agreements and understandings between us, and may only be amended in writing signed by you and
an authorized representative of the Company. It is agreed that this Agreement shall be governed by the laws of the State of California. If any provision of this Agreement or the application thereof to any person, place, or circumstance shall be held
by a court of competent jurisdiction to be invalid, unenforceable, or void, the remainder of this Agreement and such provision as applied to other person, places, and circumstances shall remain in full force and effect. 

Finally, by your signature below, you acknowledge each of the following: (a) that you have read this Agreement or have been afforded
every opportunity to do so; (b) that you are fully aware of the Agreement’s contents and legal effect; and (c) that you have chosen to enter into this Agreement freely, without coercion and based upon your own judgment and not in reliance upon
any promises made by Company other than those contained in this Agreement. 
  

											
	 AGREED:
	  		 		 		 		 	
						
	 /s/ Mark Voll
	  		 		 	DATE:	 	     1/31/2011
	 	
	Mark Voll	  		 		 		 		 	
						
	 /s/ Steve Nasiri
	  		 		 	DATE:	 	     1/17/2011
	 	
	 Steve Nasiri, President & CEO
	  		 		 		 		 	
	 InvenSense, Inc.
	  		 		 		 		 	

  
 3Compensation Agreement  - Jim Callas

 Exhibit 10.12 

 

 

 January 18, 2011 
 Dear James: 
 Compensation related to appointment as Interim CFO at INVENSENSE. INC

 In reference to the offer letter issued by INVENSENSE, INC dated August 20, 2010 for the position of Corporate Controller and
duly accepted by you. Effective January 18, 2011, you have been appointed to the role of Interim Chief Financial Officer following the position being vacated. As Interim CFO, you will be reporting directly to Steven Nasiri, CEO of INVENSENSE,
INC. Your duties will include but not be limited to; 
  

	 	1.	You will serve as the interim CFO of the Company and will report to the CEO and Board of Directors initially based on the requirements of a pre-public company, and
potential public company 

  

	 	2.	Perform all services, acts or other necessary or advisable activities to run the daily financial operations of the Company, install the best practices in the finance
and accounting department, and ensure timely and accurate closing of the Company’s books on a quarterly basis. 

  

	 	3.	Participate in the process of taking the Company through its currently planned IPO and execute and assist in the preparation of all necessary and appropriate documents
in that process. Develop a full understanding of the Company’s business, financial, operations, customer base, and other functions in order to be able to contribute to the roadshow and activities relating to the preparation of the roadshow and
other offering related materials and activities. 

  

	 	4.	Work with the CEO on the strategic vision for the Company by participating in all strategic and tactical matters as they relate to future business requirements, budget
management, cost benefit analysis, forecasting needs of the Company. 

  

	 	5.	Establish strong FP&A department and function that can provide useful and viable budgeting and analysis for the use by executive team. Provide the CEO with an
operating budget. Work with the Department VP’s to ensure success through cost analysis support. 

  

	 	6.	Oversee the coordination and activities of independent auditors ensuring audit issues are resolved, and compliance issues are met, and the preparation of the annual
financial statements in accordance with U.S. GAAP and other required supplementary schedules and information. 

  

	 	7.	Ensure systems of internal controls and procedures are installed and maintained and that substantiating documentation is approved and available such that all processes
will pass Sarbanes Oxley independent audits. 

  

	 	8.	Oversee the management and coordination of all fiscal reporting activities for the organization. 

 

	 	9.	Perform other duties and tasks that may be assigned from time to time. 

 All the terms and conditions set forth in the letter issued by INVENSENSE, INC dated August 20, 2010 will apply except for the following modifications and amendments with January 18, 2011 as the
commencement date: 
  

	 	A.	You will receive an additional bonus of Sixty Thousand dollars ($60,000). This bonus will be payable in two increments; Thirty Thousand dollars ($30,000) on
July 18, 2011 and second Thirty Thousand dollars ($30,000) on January 18, 2012, provided that you are employed by the Company in good standing on each of these dates. 

 

	 	B.	Pending approval of the Board of Directors, you will be recommended for a standard employee stock option plan grant of Company Common Stock to be approved at our Board
of Directors’ Meeting, and at a price per share to be set by the Board as the fair market value of the Company’s Common Stock on your start of your responsibility as Interim CFO. The stock option Grant shall be for Twenty Thousand
(20,000) shares. These shares shall be vested over four years with a 12 month cliff and are in accordance to the Company’s approved ESOP plan grants. 

 1197 Borregas Ave. Sunnyvale, CA 94089-1306    •    Tel 408.988.7339    •    Fax 408.988.8104 www.invensense.com

 

 

  

	 	C.	If INVENSENSE, INC. hires a CFO and, following hiring of that CFO, hires a Corporate Controller other than you within the twelve months from the date which new CFO is
hired, and the result of this is either your termination without Cause or your Constructive Termination you shall receive the following: 

  

	 	a.	Severance in an amount equal to six (6) months of your then-current Base Salary. 

 

	 	b.	Payment of any unpaid portion of the $60,000 bonus payment referred to in A above. 

 

	 	c.	If such termination occurs on or before September 1, 2011, you shall vest in the stock options granted to you in connection with your initial employment at the
Company on a monthly basis, without regard to the 12 month cliff vesting provision of that initial option grant. 

 For purposes
of this letter, “Cause” means (i) your willful misconduct or gross negligence in performance of your duties hereunder, including your refusal to comply in any material respect with the legal directives of the CEO, and such refusal to
comply is not remedied within thirty (30) days after written notice from the CEO, which written notice shall state that failure to remedy such conduct may result in termination for Cause; (B) dishonesty or fraudulent conduct by you based
on the sole judgment of the Audit Committee of the Board of Directors; (C) your unauthorized use or intentional disclosure of any proprietary information or trade secrets of the Company outside the ordinary course of business; or (D) your
breach of any of your material obligations under any written agreement or covenant with the Company. 
 For purposes of this letter,
“Constructive Termination” means a material reduction by the Company, without your consent, of the job function and responsibilities as Corporate Controller you enjoyed prior to your promotion to Intermin Chief Financial Offier, following
written notice from you to the CEO and a reasonable opportunity to cure 
 This letter completes our mutual understanding of your new
responsibilities and compensation while employed by InvenSense. 
 Like all of the other employees of the Company your employment by the Company
will constitute as “at will” employment and can be terminated at any time upon reasonable advance notice by either yourself or the Company management for any or no reason whatsoever. 

If the foregoing correctly reflects our understanding please sign where indicated below. 
 Very Truly Yours, 
  

			
	INVENSENSE, INC.
	
	 /s/ Steve Nasiri

	Steve Nasiri	 	2/16/2011
	CEO, InvenSense, Inc.
		
	Date:	 	 2-16-2011

		
	Signature of Employee:	 	 /s/ Jim Callas

1197 Borregas Ave. Sunnyvale, CA 94089-1306    •    Tel
408.988.7339    •    Fax 408.988.8104 www.invensense.com

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