Document:

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                                                                     EXHIBIT 4.6

                         MANUFACTURERS' SERVICES LIMITED

                              AMENDED AND RESTATED
                      2000 NON-QUALIFIED STOCK OPTION PLAN

1.       DEFINED TERMS

         Exhibit A, which is incorporated by reference, defines the terms
used in the Plan and sets forth certain operational rules related to those
terms.

2.       GENERAL

         The Amended and Restated 2000 Non-Qualified Stock Option Plan
("Plan") has been established to advance the interests of the Company by
giving Stock-based and other incentives to selected Employees, and other
persons (including both individuals and entities) who provide services to the
Company or its Affiliates.

3.       ADMINISTRATION

         The Administrator has discretionary authority, subject only to the
express provisions of the Plan, to interpret the Plan; determine eligibility
for and grant Awards; determine, modify or waive the terms and conditions of
any Award; prescribe forms, rules and procedures (which it may modify or
waive); and otherwise do all things necessary to carry out the purposes of
the Plan. Once an Award has been communicated in writing to a Participant,
the Administrator may not, without the Participant's consent, alter the terms
of the Award so as to affect adversely the Participant's rights under the
Award, unless the Administrator expressly reserved the right to do so.

4.       LIMITS ON AWARD UNDER THE PLAN

         a.       NUMBER OF SHARES. A maximum of 400,000 shares of Stock may be
                  delivered in satisfaction of Awards under the Plan. For
                  purposes of the preceding sentence, the following shares shall
                  not be considered to have been delivered under the Plan: (i)
                  shares remaining under an Award that terminates without having
                  been exercised in full; (ii) shares subject to an Award, where
                  cash is delivered to a Participant in lieu of such shares;
                  (iii) shares of Restricted Stock that have been forfeited in
                  accordance with the terms of the applicable Award; and (iv)
                  shares held back, in satisfaction of the exercise price or tax
                  withholding requirements, from shares that would otherwise
                  have been delivered pursuant to an Award. The number of shares
                  of Stock delivered under an Award shall be determined net of
                  any previously acquired Shares tendered by the Participant in
                  payment of the exercise price or of withholding taxes.

         b.       TYPE OF SHARES. Stock delivered by the Company under the Plan
                  may be authorized but unissued Stock or previously issued
                  Stock acquired by the Company and held in treasury. No
                  fractional shares of Stock will be delivered under the Plan.

<PAGE>

5.       ELIGIBILITY AND PARTICIPATION

         The Administrator will select Participants from among those key
Employees and other individuals or entities providing services to the Company
or its Affiliates who, in the opinion of the Administrator, are in a position
to make a significant contribution to the success of the Company and its
Affiliates; PROVIDED, HOWEVER, that at least a majority of the shares of
Stock underlying Awards granted under the Plan must be awarded to Employees
who are not Officers or directors of the Company; and PROVIDED FURTHER, that
all of the Company's full-time employees in the United States, who are
"exempt employees," as defined under the Fair Labor Standards Act of 1938,
are eligible to receive Awards under the Plan.

6.       RULES APPLICABLE TO AWARDS

         a.       ALL AWARDS

         (1) TERMS OF AWARDS. The Administrator shall determine the terms of
all Awards subject to the limitations provided herein. In the case of a Stock
Option, the term shall be ten (10) years from the date of grant or such
shorter term as may be provided in the Award.

         (2) PERFORMANCE CRITERIA. Where rights under an Award depend in
whole or in part on satisfaction of Performance Criteria, actions by the
Company that have an effect, however material, on such Performance Criteria
or on the likelihood that they will be satisfied will not be deemed an
amendment or alteration of the Award.

         (3) ALTERNATIVE SETTLEMENT. The Company may at any time extinguish
rights under an Award in exchange for payment in cash, Stock or other
property on such terms as the Administrator determines, provided the holder
of the Award consents to such exchange.

         (4) TRANSFERABILITY OF AWARDS. Except as the Administrator otherwise
expressly provides, Awards may not be transferred other than by will or by
the laws of descent and distribution, and during a Participant's lifetime an
Award requiring exercise may be exercised only by the Participant (or in the
event of the Participant's incapacity, the person or persons legally
appointed to act on the Participant's behalf).

         (5) VESTING, ETC. Without limiting the generality of Section 3, the
Administrator may determine the time or times at which an Award will vest
(I.E., become free of forfeiture restrictions) or become exercisable and the
terms on which an Award requiring exercise will remain exercisable. Unless
the Administrator expressly provides otherwise, immediately upon the
cessation of the Participant's employment or other service relationship with
the Company and its Affiliates an Award requiring exercise will cease to be
exercisable and all Awards to the extent not already fully vested will be
forfeited, except that:

         (A)      all Stock Options and SARs held by a Participant immediately
                  prior to his or her death or Disability, to the extent then
                  exercisable, will remain exercisable by such Participant, his
                  or her executor, administrator or representative or the person
                  or

                                      -2-

<PAGE>

                  persons to whom the Stock Option or SAR is transferred by
                  will or the applicable laws of descent and distribution, and
                  to the extent not then exercisable will vest and become
                  exercisable upon such Participant's death or Disability by
                  such Participant, his or her executor, administrator or
                  representative or the person or persons to whom the Stock
                  Option or SAR is transferred by will or the applicable laws of
                  descent and distribution, in each case for the lesser of (i) a
                  one year period ending with the first anniversary of the
                  Participant's death or Disability or (ii) the period ending on
                  the latest date on which such Stock Option or SAR could have
                  been exercised without regard to this Section 6.a.(5) and
                  shall thereupon terminate;

         (B)      all Stock Options and SARs held by the Participant immediately
                  prior to the cessation of the Participant's employment or
                  other service relationship for reasons other than death or
                  Disability and except as provided in (C) below, to the extent
                  then exercisable, will remain exercisable for the lesser of
                  (i) a period of three months from the cessation of employment
                  or other service relationship or (ii) the period ending on the
                  latest date on which such Stock Option or SAR could have been
                  exercised without regard to this Section 6.a.(5), and shall
                  thereupon terminate; and

         (C)      all Stock Options and SARs held by the Participant whose
                  cessation of employment or other service relationship is
                  determined by the Administrator in its sole discretion to
                  result from the breach by the Participant of any non-compete
                  agreement or non-compete provision contained in any employment
                  agreement shall immediately terminate upon such cessation.

         Unless the Administrator expressly provides otherwise, a Participant's
         "employment or other service relationship with the Company and its
         Affiliates" will be deemed to have ceased, in the case of an employee
         Participant, upon termination of the Participant's employment with the
         Company and its Affiliates (whether or not the Participant continues in
         the service of the Company or its Affiliates in some capacity other
         than that of an employee of the Company or its Affiliates), and in the
         case of any other Participant, when the service relationship in respect
         of which the Award was granted terminates (whether or not the
         Participant continues in the service of the Company or its Affiliates
         in some other capacity).

         (6) TAXES. The Administrator will make such provision for the
withholding of taxes as it deems necessary. The Administrator may, but need
not, hold back shares of Stock from an Award or permit a Participant to
tender previously owned shares of Stock in satisfaction of tax withholding
requirements, but not in excess of the minimum tax withholding rates
applicable to the employee.

         (7) DIVIDEND EQUIVALENTS, ETC. The Administrator may provide for the
payment of amounts in lieu of cash dividends or other cash distributions with
respect to Stock subject to an Award.

                                      -3-

<PAGE>

         (8) RIGHTS LIMITED. Nothing in the Plan shall be construed as giving
any person the right to continued employment or service with the Company or
its Affiliates, or any rights as a shareholder except as to shares of Stock
actually issued under the Plan. The loss of existing or potential profit in
Awards will not constitute an element of damages in the event of termination
of employment or service for any reason, even if the termination is in
violation of an obligation of the Company or Affiliate to the Participant.

         b.       AWARDS REQUIRING EXERCISE

         (1) TIME AND MANNER OF EXERCISE. Unless the Administrator expressly
provides otherwise, (a) an Award requiring exercise by the holder will not be
deemed to have been exercised until the Administrator receives a written
notice of exercise (in form acceptable to the Administrator) signed by the
appropriate person and accompanied by any payment required under the Award;
and (b) if the Award is exercised by any person other than the Participant,
the Administrator may require satisfactory evidence that the person
exercising the Award has the right to do so.

         (2) EXERCISE PRICE. The Administrator shall determine the exercise
price of each Stock Option.

         (3) PAYMENT OF EXERCISE PRICE, IF ANY. Where the exercise of an
Award is to be accompanied by payment: (a) all payments will be by cash or
check acceptable to the Administrator, or, if so permitted by the
Administrator, (i) through the delivery of shares of Stock which have been
outstanding for at least six months (unless the Administrator approves a
shorter period) and which have a fair market value equal to the exercise
price, (ii) by delivery of a promissory note of the person exercising the
Award to the Company, payable on such terms as are specified by the
Administrator, (iii) by delivery of an unconditional and irrevocable
undertaking by a broker to deliver promptly to the Company sufficient funds
to pay the exercise price, or (iv) by any combination of the foregoing
permissible forms of payment; and (b) where shares of Stock issued under an
Award are part of an original issue of shares, the Award shall require an
exercise price equal to at least the par value of such shares.

         c.       AWARDS NOT REQUIRING EXERCISE

         Awards of Restricted Stock and Unrestricted Stock may be made in
return for either (i) services determined by the Administrator to have a
value not less than the par value of the Awarded shares of Stock, or (ii)
cash or other property having a value not less than the par value of the
Awarded shares of Stock payable in such combination and type of cash, other
property (of any kind) or services as the Administrator may determine.

7.       EFFECT OF CERTAIN TRANSACTIONS

         a.       MERGERS, ETC.

         Except as otherwise provided in this paragraph, in the event of a
Covered Transaction, all outstanding Awards shall vest and if relevant become
exercisable and all deferrals, other than deferrals of amounts that are
neither measured by reference to nor payable in shares of Stock,

                                      -4-

<PAGE>

shall be accelerated immediately prior to the Covered Transaction and upon
consummation of such Covered Transaction all Awards then outstanding and
requiring exercise shall be forfeited. In the event of a Covered Transaction,
unless otherwise determined by the Administrator, all Awards that are payable
in shares of Stock and that have not been exercised, exchanged or converted,
as applicable, shall be converted into and represent the right to receive the
consideration to be paid in such Covered Transaction for each share of Stock
into which such Award is exercisable, exchangeable or convertible, less the
applicable exercise price or purchase price for such Award. In connection
with any Covered Transaction in which there is an acquiring or surviving
entity, the Administrator may provide for substitute or replacement Awards
from, or the assumption of Awards by, the acquiring or surviving entity or
its affiliates, any such substitution, replacement or assumption to be on
such terms as the Administrator determines, provided that no such replacement
or substitution shall diminish in any way the acceleration of Awards provided
for in this section.

         b.       CHANGES IN AND DISTRIBUTIONS WITH RESPECT TO THE STOCK

         (1) BASIC ADJUSTMENT PROVISIONS. In the event of a stock dividend,
stock split or combination of shares, recapitalization or other change in the
Company's capital structure, the Administrator will make appropriate
adjustments to the maximum number of shares that may be delivered under the
Plan under Section 4.a., and will also make appropriate adjustments to the
number and kind of shares of stock or securities subject to Awards then
outstanding or subsequently granted, any exercise prices relating to Awards
and any other provision of Awards affected by such change.

         (2) CERTAIN OTHER ADJUSTMENTS. The Administrator may also make
adjustments of the type described in paragraph (1) above to take into account
distributions to common stockholders other than those provided for in Section
7.a. and 7.b.(1), or any other event, if the Administrator determines that
adjustments are appropriate to avoid distortion in the operation of the Plan
and to preserve the value of Awards made hereunder.

         (3) CONTINUING APPLICATION OF PLAN TERMS. References in the Plan to
shares of Stock shall be construed to include any stock or securities
resulting from an adjustment pursuant to Section 7.b.(1) or 7.b.(2) above.

8.       LEGAL CONDITIONS ON DELIVERY OF STOCK

         The Company will not be obligated to deliver any shares of Stock
pursuant to the Plan or to remove any restriction from shares of Stock
previously delivered under the Plan until the Company's counsel has approved
all legal matters in connection with the issuance and delivery of such
shares; if the outstanding Stock is at the time of delivery listed on any
stock exchange or national market system, the shares to be delivered have
been listed or authorized to be listed on such exchange or system upon
official notice of issuance; and all conditions of the Award have been
satisfied or waived. If the sale of Stock has not been registered under the
Securities Act of 1933, as amended, the Company may require, as a condition
to exercise of the Award, such representations or agreements as counsel for
the Company may consider appropriate to avoid violation of such Act. The
Company may require that certificates evidencing Stock issued under

                                      -5-

<PAGE>

the Plan bear an appropriate legend reflecting any restriction on transfer
applicable to such Stock.

9.       AMENDMENT AND TERMINATION

         The Administrator may at any time or times amend the Plan or any
outstanding Award for any purpose which may at the time be permitted by law,
or may at any time terminate the Plan as to any further grants of Awards.

10.      NON-LIMITATION OF THE COMPANY'S RIGHTS

         The existence of the Plan or the grant of any Award shall not in any
way affect the Company's right to Award a person bonuses or other
compensation in addition to Awards under the Plan.

11.      GOVERNING LAW

         The Plan shall be construed in accordance with the laws of the
Commonwealth of Massachusetts.

                                      -6-

<PAGE>

                                    EXHIBIT A

                               DEFINITION OF TERMS

         The following terms, when used in the Plan, shall have the meanings
and be subject to the provisions set forth below:

         "ADMINISTRATOR": The Board or, if one or more has been appointed,
the Committee.

         "AFFILIATE": Any corporation or other entity owning, directly or
indirectly, 50% or more of the outstanding Stock of the Company, or in which
the Company or any such corporation or other entity owns, directly or
indirectly, 50% of the outstanding capital stock (determined by aggregate
voting rights) or other voting interests.

         "AWARD":  Any or a combination of the following:

                  (i) Stock Options.

                  (ii) SARs.

                  (iii) Restricted Stock.

                  (iv) Unrestricted Stock.

                  (v) Deferred Stock.

                  (vi) Securities (other than Stock Options) that are
         convertible into or exchangeable for Stock on such terms and conditions
         as the Administrator determines.

                  (vii) Performance Awards.

                  (viii) Grants of cash, or loans, made in connection with other
         Awards in order to help defray in whole or in part the economic cost
         (including tax cost) of the Award to the Participant.

         "BOARD":  The Board of Directors of the Company.

         "CODE": The U.S. Internal Revenue Code of 1986 as from time to time
amended and in effect, or any successor statute as from time to time in
effect.

         "COMMITTEE": One or more committees of the Board. Any Committee may
delegate ministerial tasks to such persons (including Employees) as it deems
appropriate.

         "COMPANY":  Manufacturers' Services Limited.

         "COVERED TRANSACTION": Any of (i) a consolidation or merger in which
the Company is not the surviving corporation or which results in the
acquisition of at least 40% of the Company's

                                      -7-

<PAGE>

then outstanding common stock by a single person or entity or by a group of
persons and/or entities acting in concert, (ii) a sale or transfer of all or
substantially all the Company's assets, or (iii) a dissolution or liquidation
of the Company.

         "DEFERRED STOCK": A promise to deliver Stock or other securities in
the future on specified terms.

         "DISABILITY": As defined in any employment agreement or, if there is
no such employment agreement, or if such employment agreement does not
contain any such defined term, then "Disability" shall mean the physical or
mental incapacity of the Participant and consequent inability of the
Participant, for a period of six (6) consecutive months or for an aggregate
of twelve (12) months in any twenty-four (24) consecutive month period, to
perform his duties with the Company. Any question as to the existence of the
Disability of such Participant as to which the Participant and the Company
cannot agree shall be determined in writing by a qualified independent
physician mutually acceptable to the Participant and the Company. If the
Participant and the Company cannot agree as to a qualified independent
physician, each shall appoint such a physician and those two physicians shall
select a third who shall make such determination in writing. The
determination of Disability made in writing to the Company and the
Participant shall be final and conclusive for all purposes of the Plan.

         "EMPLOYEE":  Any person who is employed by the Company or an Affiliate.

         "OFFICER": An "officer" as defined by Rule 16a-1(f) under the
Securities Exchange Act of 1934, as amended, or any successor rule.

         "PARENT": A "parent corporation," whether now or hereafter existing,
as defined in Section 424(e) of the Code.

         "PARTICIPANT": An Employee, director or other person providing
services to the Company or its Affiliates who is granted an Award under the
Plan.

         "PERFORMANCE AWARD": An Award subject to Performance Criteria.

         "PERFORMANCE CRITERIA": Specified criteria the satisfaction of which
is a condition for the exercisability, vesting or full enjoyment of an Award.

         "PLAN": The Manufacturers' Services Limited 2000 Non-Qualified Stock
Option Plan as from time to time amended and in effect.

         "RESTRICTED STOCK": An Award of Stock subject to restrictions
requiring that such Stock be redelivered to the Company if specified
conditions are not satisfied.

         "SARS": Rights entitling the holder upon exercise to receive cash or
Stock, as the Administrator determines, equal to a function (determined by
the Administrator using such factors as it deems appropriate) of the amount
by which the Stock has appreciated in value since the date of the Award.

                                      -8-

<PAGE>

         "STOCK":  Common Stock of the Company, par value $ .001 per share.

         "STOCK OPTION" shall mean the right to purchase shares from the
Company that is granted pursuant to this Plan.

         "UNRESTRICTED STOCK": An Award of Stock not subject to any
restrictions under the Plan.

                                      -9-Prepared by MERRILL CORPORATION

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CHANGE OF CONTROL SEVERANCE AGREEMENT    
  

    This Change of Control Severance Agreement (the "Agreement") is made and entered into effective as of May 7, 2001 (the "Effective Date"), by and between
David L. Morash (the "Employee") and REMEC, Inc. (the "Company"). Certain capitalized terms used in this Agreement are defined in Section 1 below. 

 
 

R E C I T A L S    
  

    A. It is expected that the Company from time to time will consider the possibility of a Change of Control. The Board of Directors of the Company (the "Board")
recognizes that such consideration can be a distraction to the Employee and can cause the Employee to consider alternative employment opportunities. 

    B.
The Board believes that it is in the best interest of the Company and its Shareholders to provide the Employee with an incentive to continue his employment and to maximize the
value of the Company upon a Change of Control for the benefit of it's shareholders. 

    C.
In order to provide the Employee with enhanced financial security and sufficient encouragement to remain with the Company notwithstanding the possibility of a Change of Control,
the Board believes that it is imperative to provide the Employee with certain severance benefits upon the Employee's termination of the employment following a Change of Control. 

 
 

AGREEMENT    
  

    In consideration of the mutual covenants herein contained and the continued employment of Employee by the Company, the parties agree as follows: 

    1.  Definition of Terms.  The following terms referred to in this Agreement shall have the following
meanings: 

    (a)  Cause.  "Cause" shall mean (i) any act of personal dishonesty taken by the Employee in
connection with his responsibilities as an employee which is intended to result in substantial personal enrichment of the Employee, (ii) Employee's conviction of a felony which the Board
reasonably believes has had or will have a material detrimental effect on the Company's reputation or business, (iii) a willful act by the Employee which constitutes misconduct and is injurious
to the Company, and (iv) continued willful violations by the Employee of the Employee's obligations to the Company after there has been delivered to the Employee a written demand for
performance from the Company which describes the basis for the Company's belief that the Employee has not substantially performed his duties. 

    (b)  Change of Control.  "Change of Control" shall mean the occurrence of any of the following events: 

	(i)
	the
approval by shareholders of the Company 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 there to continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity) more than fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately
after such merger or consolidation;

	(ii)
	any
approval by the shareholders of the Company of a plan of complete liquidation of the Company or an agreement for the sale or disposition by the
Company of all or substantially all of the Company's assets; 

1

 

	(iii)
	any
"person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the "beneficial owner"
(as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company's then outstanding
voting securities; or

	(iv)
	a
change in the composition of the Board, as a result of which fewer than a majority of the directors are Incumbent Directors. "Incumbent
Directors" shall mean directors who either (A) are directors of the Company as of the date hereof, or (B) are elected, or nominated for election, to the Board with the affirmative votes
of at least a majority of those directors who election or nomination was not connection with any transaction described in subsections (i), (ii) or (iii) or in connection with an actual
or threatened proxy contest relating to the election of directors of the Company. 

    (c)  Involuntary Termination.  "Involuntary Termination" shall mean (i) without the Employee's
express written consent, a significant reduction of the Employee's duties, position or responsibilities relative to the Employee's duties, position or responsibilities in effect immediately prior to
such reduction, or the removal of the Employee from such position, duties and responsibilities, unless the Employee is provided with comparable duties, position and responsibilities,
(ii) without the Employee's express written consent, a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to
the Employee immediately prior to such reduction; (iii) a reduction by the Company of the Employee's base salary or target bonus as in effect immediately prior to such reduction; (iv) a
material reduction by the Company in the kind or level of employee benefits to which the Employee is entitled immediately prior to such reduction with the result that the Employee's overall benefits
package is significantly reduced; (v) without the Employee's express written consent, the relocation of the Employee to a facility or location more than thirty-five (35) miles from his
current location; (vi) any purported termination of the Employee by the Company which is not effected for Cause or for which the grounds relied upon are not valid; or (vii) the failure
of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 5 below. 

    2.  Term of Agreement.  This Agreement shall terminate upon the date that all obligations of the parties
hereto under this Agreement have been satisfied. 

    3.  At-Will Employment.  The Company and the Employee acknowledge that the Employee's employment is and
shall continue to be at-will, as defined under applicable law. If the Employee's employment terminates for any reason, the Employee shall not be entitled to any payments, benefits, damages, awards or
compensation other than as provided by this Agreement, or as may otherwise be established under the company's then existing employee benefit plans or policies at the time of termination. 

    4.  Change of Control and Severance Benefits.  

    (a)  Termination Following A Change of Control.  

    (i)  Severance Payment.  If the Employee's employment with the Company terminates as a result of an
Involuntary Termination within four (4) years after a Change of Control, then the Employee shall be entitled to receive a sum equal to twelve (12) months of his annualized base salary
and targeted bonus, if any, (as in effect immediately prior to the Change of Control). Such severance payment shall be paid monthly in accordance with the Company's normal payroll practices. In
addition, the Company shall continue to make available to the Employee and Employee's spouse and dependents covered under any group health plans or life insurance plans of the Company on the date of
such termination of employment, all group 

2

 

health, life and other similar insurance plans in which Employee or such Covered Dependents participate on the date of the Employee's termination. 

    (ii)  Option Acceleration.  If the Employee's employment with the Company terminates as a result of an
Involuntary Termination within four (4) years after a Change of Control, then all unvested options granted to the Employee by the Company prior to the Change of Control that are scheduled to
vest within one (1) year from the date of such Involuntary Termination shall vest immediately upon such termination. 

    (iii)  Other Termination.  If the Employee's employment with the Company terminates other than as a
result of an Involuntary Termination after a Change of Control, such as by the Company for Cause or by the Employee as a result of a voluntary resignation, then the Employee shall not be entitled to
receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's then existing severance and benefits plans and policies at
the time of such termination. 

    (b)  Accrued Wages and Vacation; Expenses.  Without regard to the reason for, or the timing of,
Employee's termination of employment: (i) the Company shall pay the Employee any unpaid base salary due for periods prior to the date of termination; (ii) the Company shall pay the
Employee all of the Employee's accrued and unused vacation through the date of termination; and (iii) following submission of proper expense reports by the Employee, the Company shall reimburse
the Employee for all expenses reasonably and necessarily incurred by the Employee in connection with the business of the Company prior to the date of termination. These payments shall be made promptly
upon termination and within the period of time mandated by law. 

    5.  Successors.  

    (a)  Company's Successors.  Any successor to the Company (whether direct or indirect and whether by
purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company's business and/or assets shall assume the Company's obligations under this Agreement and
agree expressly to perform the Company's obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a
succession. For all purposes under this Agreement, the term "Company" shall include any successor to the Company's business and/or assets which executes and delivers the assumption agreement described
in this subsection (a) or which becomes bound by the terms of this Agreement by operation of law. 

    (b)  Employee's Successors.  Without the written consent of the Company, Employee shall not assign or
transfer this Agreement or any right or obligation under this Agreement to any other person or entity. Notwithstanding the foregoing, the terms of this Agreement and all rights of Employee hereunder
shall inure to the benefit of, and be enforceable by, Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

    6.  Notices.  

    (a)  General.  Notices and all other communications contemplated by this Agreement shall be in writing
and shall be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt request and postage prepaid. In the case of the Employee,
mailed notices shall be addressed to him at the home address that he most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its
corporate headquarters, and all notices shall be directed to the attention of its Secretary. 

    (b)  Notice of Termination.  Any termination by the Company for Cause or by the Employee as a result of a
voluntary resignation or an Involuntary Termination shall be communicated by a 

3

 

notice of termination to the other party hereto given in accordance with this Section. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated. The failure by the Employee to include in the notice any fact or circumstance
which contributes to a showing of Involuntary Termination shall not waive any right of the Employee hereunder or preclude the Employee from asserting such fact or circumstance in enforcing his rights
hereunder. 

    7.  Arbitration.  

    (a) Except
as provided in Section 7(d) below, any dispute or controversy arising out of, relating to, or in connection with this Agreement, or the
interpretation, validity, construction, performance, breach, or termination thereof, shall be settled by binding arbitration to be held in Palo Alto, California, in accordance with the National Rules
for the Resolution of Employment Disputes then in effect of the American Arbitration Association (the "Rules"). The arbitrator may grant injunctions or other relief in such dispute or controversy. The
decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator's decision in any court having jurisdiction. 

    (b) The
arbitrator(s) shall apply California law to the merits of any dispute or claim, without reference to conflicts of law rules. The arbitration proceedings shall
be governed by federal arbitration law and by the Rules, without reference to state arbitration law. Employee hereby consents to the personal jurisdiction of the state and federal courts located in
California for any action or proceeding arising from or relating to this Agreement or relating to any arbitration in which the parties are participants. 

    (c) Employee
understands that nothing in this Section modifies Employee's at-will employment status. Either Employee or the Company can terminate the employment
relationship at any time, with or without cause. 

    (d) EMPLOYEE
HAS READ AND UNDERSTAND THIS SECTION, WHICH DISCUSSES ARBITRATION. EMPLOYEE UNDERSTANDS THAT SUBMITTING ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN
CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR TERMINATION THEREOF TO BINDING ARBITRATION TO THE EXTENT PERMITTED BY LAW, AND THAT THIS
ARBITRATION CLAUSE CONSTITUTES A WAIVER OF EMPLOYEE'S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT
NOT LIMITED TO, THE FOLLOWING CLAIMS: 

	(i)
	ANY
AND ALL CLAIMS OF WRONGFUL DISCHARGE OF EMPLOYMENT; BREACH OF CONTRACT, BOTH EXPRESS AND IMPLIES; BREACH OF THE COVENANT OF GOOD FAITH AND FAIR
DEALING, BOTH EXPRESS AND IMPLIED; NEGLIGENT OR INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS; NEGLIGENT OR INTENTIONAL MISREPRESENTATION; NEGLIGENT OR INTENTIONAL INTERFERENCE WITH CONTRACT OR
PROSPECTIVE ECONOMIC ADVANTAGE; AND DEFAMATION.

	(ii)
	ANY
AND ALL CLAIMS FOR VIOLATION OF ANY FEDERAL STATE OR MUNICIPAL STATUTE, INCLUDING, BUT NOT LIMITED TO, TITLE VII OF THE CIVIL RIGHTS ACT OF
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 

4

 

CALIFORNIA
FAIR EMPLOYMENT AND HOUSING ACT, AND LABOR CODE SECTION 201, et seq.; 

	(iii)
	ANY
AND ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO EMPLOYMENT OR EMPLOYMENT DISCRIMINATION. 

    8.  Miscellaneous Provisions.  

    (a)  No Duty to Mitigate.  The Employee shall not be required to mitigate the amount of any payment
contemplated by this Agreement, nor shall any such payment be reduced by any earnings that the Employee may receive from any other source. 

    (b)  Waiver.  No provision of this Agreement may be modified, waived or discharged unless the
modification, waiver or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Employee and by an authorized officer of the Company (other than the
Employee). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or
provision or of the same condition or provision at another time. 

    (c)  Integration.  This Agreement and the stock option agreements representing the Options represent the
entire agreement and understanding between the parties as to the subject matter herein and supersede all prior or contemporaneous agreements, whether written or oral. 

    (d)  Choice of Law.  The validity, interpretation, construction and performance of this Agreement shall
be governed by the internal substantive laws, but not the conflicts of law rules, of the State of California. 

    (e)  Severability.  The invalidity or unenforceability of any provision or provisions of this Agreement
shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

    (f)  Employment Taxes.  All payments made pursuant to this Agreement shall be subject to withholding of
applicable income and employment taxes. 

    (g)  Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an
original, but all of which together will constitute one and the same instrument. 

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

	 	 	COMPANY:
	

 	
 	

By:	
 	

	 	 	Title:	 	

	

 	
 	

EMPLOYEE:	
 	

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QuickLinks

CHANGE OF CONTROL SEVERANCE AGREEMENT

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AGREEMENT

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