Document:

Employment Agreement, dated February 27, 2006

 Exhibit 10.11 
 ALIEN TECHNOLOGY CORPORATION 
 STAVRO PRODROMOU EMPLOYMENT AGREEMENT 
 This Agreement is entered into as of February 27, 2006 by and between Alien Technology Corporation (the “Company”) and Stavro Prodromou
(“Executive”). 
 1. Duties and Scope of Employment. 
 (a) Positions and Duties. Executive will continue in his current position as President and Chief Executive Officer (“CEO”) of the
Company. Executive will render such business and professional services in ways and at times that are mutually acceptable. 
 (b)
Obligations. During the employment term, Executive will devote Executive’s full business efforts and time to the Company. Executive shall work exclusively for the Company during the term of employment, provided however, that Executive
may participate in outside activities, as long as such activities do not interfere with the obligations described hereunder, are not for competitors and are consistent and in compliance with the Company’s conflict of interest policy, but only
to the extent Executive obtains prior approval from the Board of Directors (the “Board”) of the Company (which approval will not be unreasonably withheld). 
 2. At-Will Employment. At will employment may be terminated by Executive or the Company, at any time. Executive shall not be required without his consent to work outside the San Francisco Bay Area. 

3. Term of Agreement. This Agreement will have a term of thirty-six (36) months, commencing on January 2, 2006 (the “Effective
Date”). 
 4. Compensation. 
 (a) Total Cash Compensation. As of the Effective Date, the Executive will be paid an annual base salary equal to $300,000 (the “Base Salary”). The Base Salary will be paid periodically in accordance with the Company’s
normal payroll practices and be subject to the usual, required withholdings. In addition, the Executive will receive a bonus of up to 100% of Base Salary upon achievement of milestones mutually agreed with the Compensation Committee, which will be
paid quarterly. 
 (b) Options. During the employment term, the Executive’s options will continue to vest in accordance with the
current vesting schedules in the Executive’s option agreements and subject to the acceleration described under Section 8 below. In addition, if there is a change of control transaction during the period of employment, Executive shall be
entitled to receive the vesting acceleration benefits set forth in the agreements governing Executive’s outstanding equity awards, provided, that no other condition shall be required for acceleration. 
 5. Employee Benefits. During the term of employment, Executive will be eligible to participate in accordance with the terms of all Company
employee benefit plans, policies, and arrangements that are applicable to other employees of the Company; as such plans, policies, and arrangements may exist from time to time, subject to the continued benefits described in Section 8 below.

 6. Expenses. The Company will reimburse Executive for all reasonable travel, entertainment, and
other expenses incurred by Executive in the furtherance of the performance of Executive’s duties hereunder, in accordance with the Company’s expense reimbursement policy as in effect from time to time, provided that travel will be first
class. 
 7. Termination of Employment. In the event Executive’s employment with the Company terminates for any reason, the
Executive shall be entitled to (a) all Base Salary accrued up to the effective date of termination, (b) all pay for accrued, unused vacation that the Company is legally obligated to pay Executive, if any, (c) all benefits or
compensation accrued prior to termination, as provided under the terms of any employee benefit and compensation agreements or plans applicable to the Executive, (d) exercise outstanding stock options in accordance with the terms of the
agreements governing such equity awards, and (e) all business expenses required to be reimbursed under the Company’s expense reimbursement policy to the Executive with respect to business expenses incurred prior to termination. For up to
12 months after termination, Executive may retain laptop (subject to Company’s security measures), office, cell phone, support, voicemail. In addition, if the termination is by the Company without Cause (as defined in the 1997 Stock Plan Senior
Executive Stock Option Agreement) or by the Executive for Good Reason (as defined in Section 11 below), he shall be entitled to the amounts and benefits specified in Section 8; provided, however, that the amounts specified in
Section 8 will be reduced by amounts that Executive is eligible to receive as severance under any other Company plan, policy, or practice. 
 8. Severance. 
 (a) Termination Without Cause or Resignation for Good Reason. In the event that during the term of
the Agreement, the Company terminates Executive’s employment without Cause or Executive resigns for Good Reason, Executive shall receive: (i) lump sum payment of Executive’s Base Salary for the balance of the term of the Agreement
(ii) lump sum payment of Executive’s bonus pursuant to Executive’s bonus plan in effect on such date (iii) full acceleration of unvested equity compensation granted pursuant to Executive’s August 22, 2002 employment
letter, and (iv) reimbursement for COBRA premiums for Executive and Executive’s eligible dependents, payable when such premiums are due, provided Executive elects to continue medical coverage under applicable law for the balance of the
term of the Agreement. 
 (b) Termination Without Cause or Good Reason. If Executive resigns for reasons other than Cause or Good
Reason, Executive shall receive, in lieu of the payments specified in (a) above: (i) lump sum payment of Executive’s Base Salary for a period of 6 months, (ii) pro-rated payment of Executive’s bonus pursuant to
Executive’s bonus plan in effect on such date, and (iii) reimbursement for COBRA premiums for Executive and Executive’s eligible dependents, payable when such premiums are due, provided Executive elects to continue medical coverage
under applicable law for a period of 6 months following termination. 
 (c) Termination for Cause. If Executive’s employment
with the Company terminates for Cause by the Company, then, except as provided in Section 7, (i) all further vesting of Executive’s outstanding equity awards will terminate immediately, (ii) all payments of 

  

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Compensation by the Company to Executive hereunder will terminate immediately and (iii) Executive will not be eligible for severance or change of
control benefits in accordance with this Agreement. 
 (d) Termination due to Death or Disability. If Executive’s employment
terminates by reason of death or Disability (as defined in Section 11), then, Executive will be entitled to receive benefits only in accordance with the Company’s then established plans, programs, and practices. 
 (e) 409A Compliance. Notwithstanding subsections 8(a) and (b), to comply with Internal Revenue Code Section 409A and only if the Company
goes public prior to Executive’s termination, during the first six months after termination, Executive’s severance benefits will accrue, payable in a lump sum payment on the second day of the seventh month after termination. 
 (f) Additional Requirements. In addition, the severance payments and accelerated vesting will be subject to applicable tax withholding and to
(i) Executive signing and not revoking a separation agreement and release of claims satisfactory to the Company and (ii) Executive continuing to comply with the non-solicitation, non-compete, and non-disparagement agreements with the
Company described under “Non-Solicitation, Non-Competition and Non-Disparagement” below. 
 (g) Sole Right to Severance.
This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of his employment. 
 9. Conditions to Acceptance of Agreement. 
 (a) Release of Claims. The receipt of any benefits
under this Agreement and the Executive’s acceptance of the provisions of this Agreement will be subject to the Executive agreeing that the foregoing consideration represents settlement in full of all outstanding obligations owed to Executive by
the Company and its officers, managers, supervisors, agents and employees. Executive, on behalf of himself, his heirs, administrators, representatives, executors, successors and assigns, and each of them, hereby release the Company, its current and
former stockholders, directors, officers, employees, agents, attorneys, successors and assigns, and each of them (the “Released Parties”) of and from any and all claims, duties, obligations, actions and causes of action, whether now known
or unknown, which the Executive now has, ever had, or shall or may hereafter have against the Released Parties, or any of them, based upon or arising out of, directly or indirectly, any matter, cause, fact, thing, act or omission whatsoever
occurring or existing any time up to and including the date you sign this letter Agreement, including, but not limited to, any claims arising from or related to your employment with the Company or the termination of that employment, any and all
claims relating to, or arising from, your right to purchase, or actual purchase of shares of stock of the Company, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable
state corporate law, and securities fraud under any state or federal law and any claims of breach of contract, wrongful termination, fraud, defamation, infliction of emotional distress or discrimination due to national origin, race, religion, age,
sex, sexual orientation, disability or other discrimination or harassment under the Civil Rights Act of 

  

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1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the Fair Labor Standards
Act, the Employee Retirement Income Security Act of 1974, the Worker Adjustment and Retraining Notification Act, Older Workers Benefit Protection Act, the Family and Medical Leave Act, the California Family Rights Act, the California Fair Employment
and Housing Act, and the California Labor Code, including, but not limited to California Labor Code Sections 1400-1408 or any other applicable law. The foregoing release shall not extend to any right of indemnification you have or may have of
liabilities arising from your actions within the course and scope of your employment for the Company. 
 The Company and Executive agree that
the release set forth in this section will be and remain in effect in all respects as a complete general release as to the matters released. This release does not extend to any obligations incurred under this Agreement. 
 Executive acknowledges and agrees that any breach of any provision of this Agreement will constitute a material breach of this Agreement and will entitle
the Company immediately cease all benefits provided to Executive under this Agreement. 
 (b) Acknowledgement of Waiver of Claims Under
ADEA. Executive acknowledges that he is waiving and releasing any rights he may have under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. Executive and the Company
agree that this waiver and release does not apply to any rights or claims that may arise under ADEA after the Effective Date of this Agreement. Executive acknowledges that the consideration given for this waiver and release Agreement is in addition
to anything of value to which Executive was already entitled. Executive further acknowledges that he has been advised by this writing that (i) he should consult with an attorney prior to executing this Agreement; (ii) he has up to
twenty-one (21) days within which to consider this Agreement; (iii) he has seven (7) days following his execution of this Agreement to revoke this Agreement; (iv) this Agreement will not be effective until the revocation period
has expired; and, (v) nothing in this Agreement prevents or precludes Executive from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or
costs for doing so, unless specifically authorized by federal law. 
 (c) Civil Code Section 1542. In connection with the
foregoing general release, the Executive acknowledges that he has read and understand Section 1542 of the Civil Code of the State of California, which provides in full 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. 
 Executive hereby expressly waives and relinquishes
all rights and benefits that he has or may have under Section 1542 with respect to the release of unknown claims granted in this agreement. Executive acknowledges that he or his agents may hereafter discover facts or claims in addition to or
different from those he now knows or believes to exist, but that he nevertheless intends to fully and finally settle all claims released herein. 
  

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 10. Conditions to Receipt of Severance 
 (a) Non-solicitation, Non-competition and Non-disparagement. The receipt of any severance pursuant to Section 8 will be subject to the
Executive agreeing that during the period of employment and during any period in which the Company is making payments or providing benefits to Executive, Executive shall not directly or indirectly engage in, have any ownership interest in or
participate in any entity that competes with the Company. In addition, during the period of employment and for a period of two years thereafter, Executive shall not (i) solicit any employee of the Company for employment other than at the
Company, and (ii) knowingly disparage, criticize, or otherwise make any derogatory statements regarding the Company and/or its officers or directors. A general advertisement not targeted specifically at a Company employee (or employees) that is
placed in general circulation media outlets will not be a violation of clause (i). Notwithstanding clause (i), upon the request of a Company employee, Executive may serve as an employment reference for the employee. 
 (b) Supplemental Release. In addition, Executive acknowledges and agrees to execute a supplemental release identical in substance to the release
contained in Section 9 above, covering the time period from the Effective Date through the last date of employment under this Agreement; provided, however, the Parties agree to modify the release to comply with any new laws which may become
applicable. If the Executive refuses to sign such a release, the Executive shall be deemed to have failed to abide by the material terms of this Agreement. 
 11. Definitions. 
 (a) Disability. For purposes of this Agreement, Disability will have the
same defined meaning as in the Company’s long-term disability plan. 
 (b) Good Reason. For purposes of the Agreement, Good
Reason means the occurrence of any of the following events, without Executive’s consent: (i) a unilateral reduction in Executive’s Base Salary, or (ii) the Company unilaterally requiring Executive to relocate his principal place
of business, or the Company relocating its headquarters, in either case to a facility or location outside of a fifty (50) mile radius of the San Francisco Bay Area; provided, however, that Executive only will have Good Reason if the event or
circumstance constituting Good Reason specified above is not cured within thirty (30) days after Executive gives written notice to the Board. 
 12. Indemnification. The Indemnification Agreement dated November 30, 2004 between Executive and the Company (the “Indemnification Agreement”) [which is attached hereto] shall remain in full force and effect and shall
not be amended or modified by this Agreement. Executive shall continue to be subject to the rights and obligations under the Indemnification Agreement while he is an Executive. 
 13. Confidential Information. Executive will execute the Company’s standard form of Employment, Confidential Information, Invention
Assignment and Arbitration Agreement (the “Confidential Information Agreement”); provided, however, that Executive agrees he will be subject to the non-competition non-solicitation provision of such agreement during the employment term and
the date two years following the termination of Executive’s employment. 
  

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 14. Notices. All notices, requests, demands, and other communications called for hereunder will be
in writing and will be deemed given (a) on the date of delivery if delivered personally, (b) one day after being sent overnight by a well established commercial overnight service, or (c) four days after being mailed by registered or
certified mail, return receipt requested, prepaid and addressed to the parties or their successors at the following addresses, or at such other addresses as the parties may later designate in writing: 
 If to the Company: 
 Attn: Chairman of
the Compensation Committee 
 Alien Technology Corporation 
 c/o Corporate Secretary 
 18220 Butterfield Blvd. 
 Morgan Hill, CA 95037 
 If to Executive:

 at the last residential address known by the Company. 
 15. Severability. If any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable, or void, this Agreement will continue in full force and effect without said
provision. 
 16. Arbitration. The Parties agree that any and all disputes arising out of the terms of this Agreement,
Executive’s employment by the Company, Executive’s prior service as an officer or director of the Company, or Executive’s compensation and benefits, their interpretation, and any of the matters herein released, will be subject to
binding arbitration in California before the American Arbitration Association under its National Rules for the Resolution of Employment Disputes, supplemented by the California Rules of Civil Procedure. The Parties agree that the prevailing party in
any arbitration will be entitled to injunctive relief in any court of competent jurisdiction to enforce the arbitration award. The Parties hereby agree to waive their right to have any dispute between them resolved in a court of law by a judge or
jury. This paragraph will not prevent either party from seeking injunctive relief (or any other provisional remedy) from any court having jurisdiction over the Parties and the subject matter of their dispute relating to Executive’s
obligations under this Agreement and the Confidential Information Agreement. 
 17. Legal Expenses. The Company will reimburse
Executive up to Nine Thousand dollars ($9,000) for reasonable legal fees incurred by him in connection with the negotiation, preparation, and execution of this Agreement. 
 18. Integration. This Agreement will supersede all other agreements whether written or oral between the Company or any subsidiary and Executive except the Confidential Information Agreement, the Indemnification
Agreement, and standard forms of equity award grant and/or agreement. 
 19. Headings. All captions and Section headings used in this
Agreement are for convenient reference only and do not form a part of this Agreement. 
  

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 20. Governing Law. This Agreement will be governed by the laws of the State of California (with
the exception of its conflict of laws provisions). 
 21. Acknowledgment. Executive acknowledges that he has had the opportunity to
discuss this matter with and obtain advice from his private attorney, has had sufficient time to, and has carefully read and fully understands all the provisions of this Agreement, and is knowingly and voluntarily entering into this Agreement.

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by a duly authorized officer, as of the
day and year written below. 
  

					
	COMPANY:	  		  	
			
	ALIEN TECHNOLOGY CORPORATION:	  		  	
			
	 /s/    David Shrigley
	  		  	Date: 2/27/06
	David Shrigley	  		  	
	For Alien Technology Corporation	  		  	
			
	EXECUTIVE:	  		  	
			
	 /s/    Stavro Prodromou
	  		  	Date: 2/24/06
	Stavro Prodromou	  		  	

 [SIGNATURE PAGE TO S. PRODROMOU EMPLOYMENT AGREEMENT] 
  

 -7-Employment Offer Letter, dated March 22, 2004

 Exhibit 10.12 
  

			
	

	  	 Alien Technology Corporation
 18220 Butterfield
Blvd.
 Morgan Hill, CA 95037
 Tel: (408) 782-3900
 Fax: (408) 201-7582

 March 22, 2004 
 Mr. Keith McDonald 
 43940 Rosemere Drive 
 Fremont, CA 94539 
 Dear Keith, 
 I am pleased to
offer you employment with Alien Technology Corporation (the “Company”), as follows: 
 Position and Base
Salary: 
 Your position and title will be Sr. Vice President, Global Business Development. You will report to Stav Prodromou, CEO & President. If you
decide to join us, you will receive a monthly salary of $16,666.67, which will be paid bi-weekly in accordance with the Company’s normal payroll procedures. 
 For the first fiscal year, additional incentive Compensation will be in the form of MBO-based objectives. The MBO incentive compensation target for the first year will be $50,000.00 for 100% achievement. Payment of this MBO compensation
will be based upon actual achievement of goals and objectives mutually agreed upon within ninety- (90) days of your date of hire. 
 Benefits: 
 As an employee, you will also be eligible to receive certain benefits including participation in the
following: 
  

	 	•	 	During your first year of employment you will accrue 15 days of Paid Time Off (“PTO”). Under current Alien policy, the number of PTO days earned in subsequent years increases by roughly 2 days each year with a maximum after 5 years. 

  

	 	•	 	Medical, Dental, Vision Insurance and Employee Assistance Program (some portion of the cost of this insurance is payable by the employee) 

  

	 	•	 	Life, AD&D, STD/LTD and Long Term Care insurance. 

  

	 	•	 	Section 125 tax-advantaged medical expense “cafeteria” plan. 

  

	 	•	 	401K savings plan (the Company does not as yet make contributions to this plan). 

  

	 	•	 	10 Company paid holidays per year. 

 Keith McDonald 
 March 22, 2004 
 You should note that
the Company may modify job titles, salaries and benefits from time to time as it deems necessary. You should also be aware that officers’ compensation matters are subject to BOD Compensation Committee oversight. 
 Stock Options: 
  

	 	•	 	In addition, if you decide to join the Company, it will be recommended at the first meeting of the Company’s Board of Directors following your start date that the Company grant
you an option to purchase 750,000 shares of the Company’s Common Stock at a price per share equal to the fair market value per share of the Common Stock on the date of grant, as determined by the Company’s Board of Directors. Twenty-five
percent 25% of the shares subject to the option shall vest 12 months after the date your vesting begins subject to your continuing employment with the Company, and no shares shall vest before such date. The remaining shares shall vest monthly over
the next 36 months in equal monthly amounts subject to your continuing employment with the Company. This option grant shall be subject to the terms and conditions of the Company’s Stock Option Plan and Stock Option Agreement, including vesting
requirements. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting or employment. 

  

	 	•	 	In addition to the time-based vesting described in the preceding paragraph, if you are still an Employee on the date of a Change of Control, and if before the one-year anniversary
of the Change of Control either (a) the Company, its successor or the acquiror terminates you as an Employee (so your Continuous Service ends) without Cause, or (b) the Company, its successor or the acquiror takes actions that constitute
Constructive Termination, then on the date of your termination or Constructive Termination, your Option will vest as to 100% of the Shares. 

  

	 	•	 	The Board of Directors may grant additional options from time to time, based on recommendations of the CEO for outstanding performers. 

 At-Will Employment: 
 The Company is
excited about your joining and looks forward to a beneficial and productive relationship. Nevertheless, you should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are
free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. 
 The Company reserves the right to conduct background investigations and/or reference cheeks on all of its potential employees. Your job offer, therefore, is contingent
upon a clearance of such a background investigation and/or reference check, if any. 
 Immigration Verification:

 For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for
employment in the United States. Such 

  

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 Keith McDonald 
 March 22, 2004 
  

 
documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated.

 Conflict of Interest: 
 We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to be employed by Alien or limit the manner in which you may be
employed. It is Alien’s understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such is the case. Moreover, your acceptance of this offer letter confirms your representation
to us that: 1) you are not a party to any employment agreement or other contract or arrangement which prohibits your full-time employment with Alien; 2) you will not disclose (nor have we solicited) any trade secret or confidential information of
any person, including prior employers, to the Company; and 3) you do not know of any conflict that would restrict your employment with Alien. In addition, you agree that, during the term of your employment with the Company, you will not engage in
any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that
conflict with your obligations to Alien. Similarly, you agree not to bring any third party confidential information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way
utilize any such information. 
 Employee Handbook: 
 As an Alien employee, you will be expected to abide by the Company’s rules and standards. Specifically, you will be required to sign an acknowledgment that you have read and that you understand the Company’s
rules of conduct which are included in the Employee Handbook. 
 Confidential Information: 
 As a condition of your employment, you are also required to sign and comply with an At-Will Employment, Confidential Information, Invention Assignment and Arbitration
Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at Alien, and non-disclosure of Alien proprietary information. In the event of any dispute or claim relating to or arising
out of our employment relationship, you and the Company agree that (i) any and all disputes between you and the Company shall be fully and finally resolved by binding arbitration, (ii) you are waiving any and all rights to a jury trial but
all court remedies will be available in arbitration, (iii) all disputes shall be resolved by a neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate discovery, and (v) the Company shall pay
all but the first $200 of the arbitration fees. Please note that we must receive your signed Agreement before your first day of employment. 
 Integration: 
 To accept the Company’s offer, please sign and date this letter in the space provided below. A
duplicate original is enclosed for your records. If you accept our offer, your first day of employment will be no later than April 5, 2004. This letter, along with any agreements relating 

  

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 Keith McDonald 
 March 22, 2004 
  

 
to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or
agreements including, but not limited to, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or oral. This letter, including, but not limited to, its at-will employment provision, may not be
modified or amended except by a written agreement signed by the President of the Company and you. This offer of employment will terminate if it is not accepted, signed and returned by March 29, 2004. 
 We look forward to your favorable reply and to working with you at Alien Technology Corporation. 
  

	
	 Sincerely,

	
	

	 Stav Prodromou

	 CEO & President

  

			
	 Agreed to and accepted:

		
	 Signature:
	 	

	 Printed Name:
	 	 Keith McDonald

		
	 Date:
	 	 3-26-2004

 Enclosures 
 Duplicate Original Letter 
 Employment, Confidential Information, Invention Assignment and Arbitration Agreement 
  

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	  	 Alien Technology Corporation
 18220 Butterfield
Blvd.
 Morgan Hill, CA 95037
 Main Number: (408)
782-3900
 Main Fax: (408) 782-3910

 March 24, 2006 
 Keith McDonald 
 43940 Rosemere Drive 
 Fremont, CA 94539 
 Dear Keith: 
 This letter amends and
restates the amendment, dated January 20, 2006, to the terms of your offer of employment (“Offer”) with Alien Technology Corporation (the “Company”), dated March 22, 2004, as set forth below. 
 Limited Term Termination Benefit 
 The following additional benefit shall apply to the Offer, effective as of the date of this letter: 
 In the
event, within one year from January 20, 2006, either (a) the Company, its successor or acquiror terminates you as an Employee without Cause, or (b) the Company, its successor or acquiror takes actions that constitute Constructive
Termination, then on the date of your termination or Constructive Termination, provided that you sign and do not revoke within the time period specified by the Company’s standard release of claims in a form acceptable to the Company (or its
successor), you will be entitled to: 
 (i) a lump sum payment equal to twelve (12) months of your monthly base salary (excluding
MBO-based objectives, benefits, and other compensation); and 
 (ii) immediate vesting of the greater of (i) the number of shares that
would otherwise vest over the next twelve (12) months or (ii) fifty-percent of your then unvested shares on the date of Constructive Termination, pursuant to Options granted to you by the Company, its successor or acquiror, following the
date of your termination or Constructive Termination; and 
 (iii) exercise Options for a period not to extend past the later of:
(i) three months and 15 days following the date of your termination or Constructive Termination or (ii) December 31st of the year in which your termination or Constructive Termination occurs. For avoidance of confusion, the foregoing
extension in the time to exercise Options shall apply to all shares vested (or which become vested) as of the date of your termination or Constructive Termination. 
 The terms “Option” and “Cause” shall have those meanings ascribed to them your Senior Executive Stock Option Agreement, dated July 8, 2004. The term “Constructive Termination” shall have the meaning
ascribed to it in Section 5 of your Senior Executive Stock Option Agreement, dated July 8, 2004. 

 Notwithstanding the foregoing, your employment with the Company is and shall remain for no specified period and
constitutes at-will employment. As a result, you remain free to resign at any time, for any reason or for no reason. Similarly, the Company is and shall remain free to conclude its employment relationship with you at any time, with or without cause,
and with or without notice. 
 Integration: 
 To accept the terms set forth herein, please sign and date this letter in the space provided below. A duplicate original is enclosed for your records. This letter, along with your Offer and any agreements relating to
proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements including, but not limited to, the amendment to your offer letter dated January 20,
2006, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or oral. This letter, including, but not limited to, its at-will employment provision, may not be modified or amended except by a
written agreement signed by the President of the Company and you. This letter will terminate if it is not accepted, signed and returned by March 27, 2006. 
 Sincerely, 
  

			
	 /s/    Stavro Prodromou
 Stavro Prodromou

	
	Agreed to and accepted:
		
	Signature:	 	 /s/    Keith McDonald

	Printed Name:	 	Keith McDonald
		
	Date:	 	March 24, 2006

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