Document:

exv10w28

 

Exhibit 10.28

June 29, 2005

Ms. Celeste Baranski

palmOne, Inc.

400 North McCarthy Boulevard

Milpitas, CA 95035

Dear Celeste:

This will confirm our decision to recruit a new Senior Vice President of
Engineering to palmOne, and your agreement to assist me in that process, to
continue to lead the engineering organization in the interim, and to transition
your responsibilities as SVP of Engineering to the successful candidate before you
assume a new role at palmOne or elect to depart the company.

In exchange for your agreement to continue in your current role through and
including November 30, 2005, or until a new Senior Vice President is on board,
whichever is earlier (the “Transition Date”), and to transition your
responsibilities to the new SVP following his/her hire, you will be paid 26 weeks
pay at your current base rate of pay less all applicable payroll taxes and
withholding in a single lump sum on the thirtieth day following the Transition
Date, provided only that you do not voluntarily terminate your employment and are
not terminated for Cause, as defined below, before the thirtieth day. If the
thirtieth day falls on a weekend day or holiday, payment will be made on the next
succeeding business day.

As we have discussed, we plan to define a new role for you at palmOne, with
appropriate compensation, likely reporting to the new Senior Vice President of
Engineering, that takes full advantage of your skills and experience and that is
acceptable to you. However, should you elect to voluntarily terminate your
employment for any reason during the 180 days following the Transition Date,
including without limitation because you decide not to accept a new role with
palmOne, and provided that (i) you have not been terminated for Cause and (ii) you
have executed and have not revoked the attached Separation Agreement and General
Release of Claims, you will be entitled to the following benefits (as set forth in
the Separation Agreement):

	 	•	 	a single lump sum payment in the amount of 52 weeks pay at your base
rate of pay as of the date of this letter, less all applicable payroll
taxes and withholding, payable on the Effective Date as defined in the
attached agreement;
	 
	 	•	 	if you elect continued group health insurance coverage provided under
COBRA within the prescribed time period, Company payment of COBRA premiums
otherwise payable by you for 52 weeks following the Separation Date, as
defined in the attached agreement, or until such time as you become
eligible for other group insurance benefits, whichever is earlier; and

 

 

Ms. Celeste Baranski

June 29, 2005

Page Two

	 	•	 	full vesting on the Effective Date of all shares covered by all
restricted stock grants and all stock options granted to you by the
Company that are unvested and unexpired as of the date of this letter.

Until such time as you commence your new role or leave the company (1) your current
salary, stock vesting, bonus eligibility and other benefits will remain unchanged
except as provided in this letter, and (2) you will continue to be subject to the
Management Retention Agreement and the Severance Agreement, both dated effective as
of October 28, 2003.

For purposes of this letter, the word Cause means (1) your failure to perform the
material duties of your position (as they may exist from time to time) to the
reasonable satisfaction of the Company’s Chief Executive Officer after receipt of a
written warning; (2) any act of dishonesty taken in connection with your
responsibilities as an employee that is intended to result in your substantial
personal enrichment; (3) your conviction or plea of no contest to a crime that
negatively reflects on your fitness to perform your duties or harms the Company’s
reputation or business; (4) willful misconduct by you that is injurious to the
Company’s reputation or business; or (5) your willful violation of a material
Company employment policy. For purposes of determining whether Cause exists, an
act or failure to act will be deemed “willful” only if not effected in good faith
or with the reasonable belief that the action or failure to act was in the best
interests of the Company.

If this letter accurately describes our agreement, please sign the enclosed copy
where indicated and return it to me. Thank you very much, Celeste.

Sincerely,

/s/ Ed Colligan

Ed Colligan

CEO

Accepted and agreed:

/s/ Celeste Baranski          

Celeste Baranski

 

 

SEPARATION AGREEMENT

AND GENERAL RELEASE OF CLAIMS

This Separation Agreement and General Release of Claims (“Agreement”) is entered into between Ms.
Celeste Baranski (“Executive”) and palmOne, Inc. (“Company”). It is the Company’s desire to
provide Executive with the separation benefits described below and to
resolve any claims that Executive has or may have against the Company. Executive and Company
therefore agree as follows.

General Release of Claims. In consideration of the separation benefits described below,
Executive hereby completely releases and forever discharges Company and each of its officers,
directors, employees, agents, attorneys, insurers, predecessors, successors and assigns (together,
“Releasees”) from any and all claims, rights, actions, causes of action and other obligations or
liabilities, of every kind and nature, whether known or unknown, that Executive now has, or at any
other time had, or shall or may have against the Releasees based upon or arising out of any matter,
cause, fact, thing, act or omission whatsoever occurring or existing at any time up to and
including the date on which Executive signs this Agreement.

This release covers all statutory, common law, constitutional and other claims, including but not
limited to:

          (a) Any and all claims for wrongful discharge, constructive discharge, or wrongful demotion;

          (b) Any and all claims relating to any contracts of employment, express or implied, or breach
of the covenant of good faith and fair dealing, express or implied;

          (c) Any and all tort claims of any nature, including but not limited to claims for negligence,
defamation, misrepresentation, fraud, or negligent or intentional infliction of emotional distress;

          (d) Except as otherwise set forth in this Agreement, any and all claims for wages,
compensation, bonuses, commissions, stock, vacation pay, expense reimbursements, penalties, and/or
benefits under any statutory or common law theory whatsoever;

          (e) Any and all claims under federal, state or municipal statutes or ordinances; any claims
under the California Labor Code and any other laws or regulations related to employment; and any
claims for national origin, race, age, sex, sexual orientation, disability or other discrimination
or harassment under the California Fair Employment and Housing Act, Title VII of the Civil Rights
Act of 1964, the Civil Rights Act of 1991, 42 U.S.C. Section 1981, the Age Discrimination in
Employment Act, the Older Workers’ Benefit Protection Act, the Americans With Disabilities Act, the
Employment Retirement Income Security Act, the Family and Medical Leave Act, and the California
Family Rights Act; and

 

 

          (f) Any and all claims for attorneys’ fees or costs.

Executive agrees that if any of the foregoing claims is prosecuted in her name before any court or
administrative agency, she waives and agrees not to take any award of money or other damages from
such suit.

Executive acknowledges that she has read Section 1542 of the Civil Code of the State of California,
which states in full:

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 waives any rights that she has or may have under Section 1542, or any similar
provision of the laws of any other applicable jurisdiction, to the full extent that she may
lawfully waive such rights pertaining to this general release of claims, and affirms that she is
releasing all known and unknown claims that she has or may have against the Releasees.

Separation Benefits. On the eighth day after this Agreement is signed by the Executive
(the “Effective Date”), and provided also that the Executive has not revoked this Agreement, the
Company will provide Executive the following benefits:

          (a) a lump sum payment equal to $335,000 less all applicable payroll taxes and withholding,
which is equal to 52 weeks pay at Executive’s base pay rate as of June 29, 2005;

          (b) in the event that Executive elects to obtain continued group insurance coverage in
accordance with, and within the time period prescribed by, the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended (“COBRA”), Company will pay the COBRA premiums otherwise
payable by Executive and her eligible dependents for health, dental and vision benefits coverage
for up to 52 weeks from the date Executive terminates her employment with the Company (the
“Separation Date”) or until Executive becomes eligible for group insurance benefits from another
employer, whichever comes first; and

          (c) all shares covered by all restricted stock grants and stock options granted to Executive
by the Company that are unvested and unexpired on the Separation Date will become fully vested and
exercisable.

Executive acknowledges that she would not be entitled to these separation benefits except by
virtue of this Agreement. Executive understands and acknowledges that she will not be entitled to
any payments or benefits from the Company other than those to which she will be entitled as an
executive of the Company through and including the Separation Date, payment of any paid time off
accrued but unused through the Separation Date, and as expressly set forth in this Agreement.

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Older Work Benefit Protection Act Protections. Pursuant to the Age Discrimination in
Employment Act and the Older Workers’ Benefit Protection Act, the Company hereby advises Executive
of the following:

          (a) Executive is advised to consult with an attorney prior to signing this Agreement.

          (b) Executive has up to twenty-one (21) days within which to consider whether to sign this
Agreement.

          (c) If Executive signs this Agreement, she will have seven (7) days thereafter to revoke the
Agreement. To revoke the Agreement, Executive must deliver written notice of revocation to Mary
Doyle, the Company’s General Counsel, so that it is received before the eighth day following her
execution of this Agreement. In the event Executive revokes this Agreement as provided herein, it
shall become void and of no force or effect.

          (d) In signing this Agreement, Executive is not releasing or waiving any claims based on
conduct or events that occur after the Agreement is signed.

Other Terms:

Nothing in this Agreement constitutes an admission by the Company or by the Executive of any
liability, wrongdoing or legal violation of any sort with regard to the employment relationship
between the parties or with respect to any claims released herein.

Executive agrees that for a period of 52 weeks following the Effective Date, she will not either
directly or indirectly solicit, induce, recruit or encourage any of the Company’s employees to
leave their employment, or take away such employees, or attempt to solicit, induce, recruit,
encourage, take away or hire employees of the Company, either for herself or any other person or
entity, except that she may serve as a reference upon request or place a general advertisement in a
newspaper, online job search service or other media of general circulation not specifically
targeted to Company employees.

Executive further agrees that for a period of 52 weeks following the Effective Date, she will not
either directly solicit, induce, recruit or encourage any customer of the Company to stop or
decrease doing business with or through the Company, or to do business instead with any other
person, firm, partnership, corporation or other entity that provides products or services
materially similar to or competitive with those provided by the Company.

Executive acknowledges that the nature of Company’s business and her role in the Company is such
that if she were to become employed by, or substantially involved in, the business of a competitor
following the termination of her employment with the Company, it would be very difficult for her
not to rely on or use the Company’s trade secrets and confidential information. Thus, to avoid the
inevitable disclosure of the Company’s trade secrets and confidential information, Executive
acknowledges and agrees that, for a period of 52 weeks following the

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Effective Date, she will not
directly or indirectly engage in (whether as an employee, consultant, agent, proprietor, principal,
partner, stockholder, corporate officer, director or otherwise), have any ownership interest in or
participate in the financing, operation, management or control of, Danger, Inc., Hewlett-Packard
Company, HTC Corporation, Motorola, Inc., Nokia Corporation or Research in Motion Limited, except,
in the case of a publicly traded company, ownership of less than 1% of that company.

The parties agree that in the event any claim or dispute arises between them based on or relating
to the interpretation, performance or breach of this Agreement, whether in tort, contract or
otherwise, they shall promptly submit any such claim or dispute to arbitration under the provisions
of Section 12 of the Severance Agreement between Executive and the Company, dated effective as of
October 28, 2003.

This Agreement will be interpreted in accordance with and governed by the laws of the State of
California.

This Agreement together with the Employee Agreement executed by Executive and dated effective as of
October 28, 2003, Section 12 (Arbitration) of the Severance Agreement, and all stock option,
restricted stock and employee stock purchase agreements documenting options or shares granted to
Executive that have not expired as of June 29, 2005, constitute the entire agreement between the
Company and the Executive, and supersede all prior negotiations and agreements, whether written or
oral, including the Severance (with the exception of Section 12) and Management Retention
Agreements between Executive and the Company dated as of October 28, 2003. The Employee Agreement
imposes obligations on Executive that survive the termination of her employment, including an
obligation to return any and all Company assets on or before the Effective Date and to respect the
confidentiality of information that belongs to or has been entrusted to the Company, and Executive
hereby agrees to honor such obligations.

This Agreement may not be modified or amended except by a document signed by an authorized officer
of the Company and Executive.

PLEASE READ THIS AGREEMENT CAREFULLY. IT CONTAINS A FULL RELEASE OF CLAIMS, INCLUDING UNKNOWN
CLAIMS AS WELL AS KNOWN CLAIMS.

	 	 	 
	Dated:

	 	Ms. Celeste Baranski
	 

	 	palmOne, Inc.
	 
	 	 
	 

	 	By:
	Dated:

	 	Ed Colligan, CEO

4exv10w2

 

Exhibit 10.2

SABINE PRODUCTION MANAGEMENT, LLC

Option Agreement

     This Option Agreement (this “Option Agreement”) dated ___ (the “Effective
Date”), by and between Sabine Production Management, LLC, a Texas limited liability company
(“Grantor”) and Jack Ivan Tompkins (“Grantee”) relating to Common Units
(“Common Units”) of Grantor.

RECITALS

     A. Grantor is the sole general partner of Sabine Production Partners, LP, a Texas limited
partnership (“SPP”).

     B. On the Effective Date, Grantor’s equity capitalization consists of 14,579,345 Common Units
held by Sabine Production Operating, LLC, a Texas limited liability company (“Sabine
Operating”), the sole managing member of Grantor, and 2,420,655 Common Units reserved for
issuance upon exercise of options (including the Option, as defined below). No other Common Units
are outstanding or reserved for issuance. Any person other than Sabine Production Operating, LLC,
that becomes a holder of Common Units will thereby become a non-managing member of Grantor.

     C. As of the Effective Date, Grantee has agreed to devote his best efforts and give full-time
attention to Sabine Operating’s consummation of the transaction (the “Transaction”) in
which the assets of Sabine Royalty Trust (“SRT”) would be transferred by the trustee to SPP
in exchange for common units representing limited partnership interests in SPP and then immediately
distributed by the trustee among the unit holders of SRT in connection with the termination and
winding up of SRT.

     Now, therefore, in consideration of and in reliance upon the foregoing premises, the mutual
covenants hereinafter set forth, and other good and valuable consideration, the receipt of which is
hereby acknowledged, the parties hereto do hereby agree as follows:

     1. Grant of Option to Grantee. For and in consideration of Grantee’s services to
Sabine Operating, Grantor hereby grants to Grantee an option (the “Option”) to purchase
five hundred thousand (500,000) Common Units (the “Option Units”) at an exercise price per
unit of Two and 50/100ths Dollars ($2.50) (the “Exercise Price”), on the terms and
conditions set forth in this Option Agreement.

     2. Term of Option. The Option may be exercised in whole at any time or in part from
time to time during the period (the “Option Period”) commencing on the Effective Date and
ending 5 p. m., Fort Worth, Texas time, on the tenth anniversary of the Effective Date (the
“Expiration Date”). Any portion of the Option not duly exercised prior to expiration of
the Option Period shall expire.

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     3. Manner of Exercise. The Option may be exercised, in whole or in part, by Grantee
by making actual delivery to Grantor at its address set forth below of a written notice (an
“Exercise Notice”) signed by Grantee stating that it is thereby irrevocably exercising the
Option for the number of Option Units specified in such Exercise Notice. Not later than five
business days following Grantor’s receipt of such Exercise Notice, Grantor and Grantee shall close
at the Grantee’s address as set forth below the sale and purchase of the number of Option Units
specified in such Exercise Notice; at each such closing, Grantee shall pay to Grantor by cashier’s
check or wire transfer of funds the aggregate Exercise Price for the number of Option Units
specified in such Exercise Notice and Grantor shall cause to be delivered to Grantee one or more
certificates, in denominations reasonably requested by Grantee and registered in the name of
Grantee, representing in the aggregate the number of Option Units so purchased by Grantee and
bearing a legend to the effect that the Common Units represented thereby have not been registered
under the Securities Act of 1933 (“Act”) or state securities laws and that sale or other
transfer of such shares may be made only in compliance with the requirements of the Act and
applicable state securities laws.

     4. Representations and Covenant of Grantee. Grantee represents that he is
sophisticated and experienced in matters of equity investing in general and in financial and
business matters related to the business of Grantor in particular, capable of evaluating the merits
and risks of his investment in the Option and the Option Units, and able to bear the economic risks
of such investment; and that he is acquiring the Option and will acquire the Option Units for
investment for his own account and not with a view to any distribution thereof in violation of
federal or state securities laws. Grantee agrees that any sale or other disposition of Option
Units will be made in compliance with federal and applicable state securities laws.

     5. Transferability. Neither this Agreement nor the Option is assignable or
transferable by Grantee, other than pursuant to a qualified domestic relations order, by will or by
the laws of descent and distribution. Any attempted transfer shall be null and void ab initio.

     6. Adjustment. In the event that the outstanding units of beneficial interest of
Grantor hereafter is changed into or exchanged for a different number or kind of securities by
reason of merger, consolidation, reorganization, recapitalization, reclassification, stock
dividend, stock split or reverse stock split, then the number and kind of units subject to the
Option and the Exercise Price shall be adjusted appropriately.

     7. Cooperation in Disclosures. Except as required by law or by legal or regulatory
process, and then only after complying with the terms of this Paragraph 7, Grantee agrees not to
disclose the existence or any of the terms of this Option Agreement to any other person except to
his attorneys, accountants, employees, owners and advisers who need to know such information (all
of whom shall be likewise subject to this confidentiality obligation). If Grantee is or becomes
required by law or by legal or regulatory process to disclose the existence or any terms of this
Option Agreement to any other person, then Grantee, as promptly as practicable after becoming aware
of such obligation, shall so inform Grantor. Grantee agrees to cooperate with Grantor, to the
extent that Grantor reasonably requests, in the drafting, preparation, production, execution,
filing and dissemination of any oral or written statement or documentation required to be filed,
produced or

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otherwise made as required by law or by legal or regulatory process applicable to
Grantee or to Grantor relating to the existence of this Option Agreement.

     8. Further Assurances. Grantor and Grantee each agrees to execute and deliver such
other instruments and take such other actions as may be reasonably requested by the other party in
order to effectuate the sale and purchase of and transfer of title to the Option Units as hereby
contemplated in accordance with applicable laws and otherwise to effectuate the intents and
purposes of this Option Agreement; however, neither party shall be required in complying with this
Paragraph 8 to expend any funds, incur any monetary obligations, or assume any legal risks which
such party considers significant or burdensome.

     9. Miscellaneous. If any provision of this Option Agreement shall be determined by
any court of competent jurisdiction to be invalid and unenforceable, the remainder of this Option
Agreement shall not be affected thereby, and shall continue in full force and effect. THIS OPTION
AGREEMENT: sets forth the entire agreement between the parties hereto with respect to the subject
matter hereof and may be amended only by a writing executed by both parties hereto and making
specific reference to this Option Agreement; shall bind and inure to the benefit of Grantee and
Grantor and their respective assigns, successors, representatives and heirs; and SHALL BE GOVERNED
BY THE LAW OF THE STATE OF TEXAS, WITHOUT REGARD TO ITS CHOICE OF LAW PRINCIPLES. All notices
required or permitted hereunder to be delivered to a party shall be delivered personally, by same
day or overnight courier, or by facsimile transmission, to the address or facsimile number set
forth below such party’s name hereinbelow but no notice shall be deemed received until actually
received.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	GRANTOR:	 	 	 	GRANTEE:
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Sabine Production Management, LLC	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	 	 	Sabine Production Operating, LLC	 	 	 	Jack Ivan Tompkins
	 

	 	By:	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Address:	 	 	 	Address:
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Facsimile:	 	 	 	 	 	 	 	Facsimile:	 	 
	 	 	 	 	 	 	 	 	 	 	 

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