SEC Contract Filing

Filing Date: 2015-11-03

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d81175dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT TO CHANGE IN CONTROL SEVERANCE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Amendment to Change in Control Severance Agreement (this &#147;<B><I>Amendment</I></B>&#148;) is made effective as of October
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2015, by and between Tessera Technologies, Inc., a Delaware corporation (the &#147;<B><I>Company</I></B>&#148;), and Thomas Lacey (&#147;<B><I>Executive</I></B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and Executive are parties to that certain Change in Control Severance Agreement dated as of December&nbsp;9, 2013 (the
&#147;<B><I>Existing Agreement</I></B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and Executive desire to amend the Existing Agreement on the terms
and conditions set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The parties agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Extension of Term</U>. The lead in sentence of Section&nbsp;2(a) of the Existing Agreement is hereby amended to read as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147; (a)&nbsp;The term of this Agreement (the &#147;<B><I>Term</I></B>&#148;) shall continue until the earlier of
(i)&nbsp;the fourth anniversary of the Effective Date, or (ii)&nbsp;the date on which all payments or benefits required to be made or provided hereunder have been made or provided in their entirety, except to the extent the Term is automatically
extended pursuant to Section&nbsp;2(b).&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Severance</U>. Section&nbsp;3(a)(ii) of the Existing Agreement is hereby amended to
read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(ii) Subject to Section&nbsp;3(c) and, other than in the case of Executive&#146;s death,
Executive&#146;s continued compliance with Section&nbsp;4, Executive shall be entitled to receive severance pay in an amount equal to one hundred percent (100%)&nbsp;multiplied by Executive&#146;s annual base salary as in effect immediately prior to
the date of Executive&#146;s Separation from Service as well as payment of an amount equal to Executive&#146;s annual bonus at target in accordance with the terms of the applicable bonus program.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>Severance</U>. The lead in sentence of Section&nbsp;3(a)(iii) of the Existing Agreement is hereby amended to read as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(iii) Subject to Section&nbsp;3(c) and, other than in the case of Executive&#146;s death, Executive&#146;s continued
compliance with Section&nbsp;4, for the period beginning on the date of Executive&#146;s Separation from Service and ending on the date which is eighteen (18)&nbsp;full months following the date of Executive&#146;s Separation from Service (or, if
earlier, the date on which the applicable continuation period under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (&#147;<B><I>COBRA</I></B>&#148;) expires) (the &#147;<B><I>COBRA Coverage Period</I></B>&#148;), the Company
shall arrange to provide Executive and/or his or her eligible dependents who were covered under the Company&#146;s health insurance plans as of the date of Executive&#146;s Separation from Service with health (including medical and dental) insurance
benefits substantially similar to those provided to Executive and his or her dependents immediately prior to the date of such Separation from Service.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. <U>Miscellaneous</U>. Except as amended by this Amendment, the Existing Agreement shall remain in full force and effect in accordance with
the terms and conditions thereof. In the event of any conflict between the original terms of the Existing Agreement and this Amendment, the terms of this Amendment shall prevail. This Amendment will be governed by and construed in accordance with
the </P>

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laws of the United States and the State of California applicable to contracts made and to be performed wholly within such State, and without regard to the conflicts of laws principles thereof.
This Amendment may be executed in multiple counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Defined terms used herein without definition shall have the meanings given to
such terms in the Existing Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. <U>Consultation with Legal and Fin