SEC Contract Filing

Filing Date: 2021-08-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>sitm-ex102_97.htm
<DESCRIPTION>EX-10.2 - TAKATA CONSULTING AGREEMENT
<TEXT>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.2</p>
<p style="text-align:center;margin-bottom:8pt;margin-top:0pt;font-weight:bold;font-size:14pt;font-variant: small-caps;font-family:Times New Roman;font-style:normal;text-transform:none;text-indent:0%;">SiTime Corporation</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-variant: small-caps;font-family:Times New Roman;font-style:normal;text-transform:none;">Consulting Agreement</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman Bold;font-style:normal;text-transform:none;font-variant: normal;">Effective Date: <font style="font-family:Times New Roman;">May 15, 2021 </font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman Bold;font-style:normal;text-transform:none;font-variant: normal;">This Consulting Agreement<font style="font-family:Times New Roman;font-weight:normal;"> (the &#8220;</font><font style="font-style:italic;font-family:Times New Roman;">Agreement</font><font style="font-family:Times New Roman;font-weight:normal;">&#8221;) is made as of the Effective Date set forth above by and between SiTime Corporation, a Delaware corporation (&#8220;</font><font style="font-style:italic;font-family:Times New Roman;">Client</font><font style="font-family:Times New Roman;font-weight:normal;">&#8221;) and the consultant named on the signature page hereto (&#8220;</font><font style="font-style:italic;font-family:Times New Roman;">Consultant</font><font style="font-family:Times New Roman;font-weight:normal;">&#8221;).</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-style:normal;color:#auto;font-size:11pt;font-family:Times New Roman;text-transform:uppercase;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">1.</font><font style="font-size:12pt;font-weight:normal;text-transform:none;margin-left:36pt;color:#000000;"></font><font style="text-transform:none;color:#000000;">Engagement of Services.</font><font style="font-weight:normal;text-transform:none;color:#000000;">&nbsp;&nbsp;Client may issue Project Assignments to Consultant in the form attached to this Agreement as </font><font style="font-family:Times New Roman Bold;text-transform:none;color:#000000;">Exhibit A</font><font style="font-weight:normal;text-transform:none;color:#000000;"> (each, a &#8220;</font><font style="font-style:italic;text-transform:none;color:#000000;">Project Assignment</font><font style="font-weight:normal;text-transform:none;color:#000000;">&#8221;).&nbsp;&nbsp;Subject to the terms of this Agreement, Consultant will render the services set forth in Project Assignment(s) accepted by Consultant (the &#8220;</font><font style="font-style:italic;text-transform:none;color:#000000;">Services</font><font style="font-weight:normal;text-transform:none;color:#000000;">&#8221;) by the completion dates set forth therein.&nbsp;&nbsp;Except as otherwise provided in the applicable Project Assignment, Consultant will be free of control and direction from the Client (other than general oversight and control over the results of the Services), and will have exclusive control over the manner and means of performing the Services, including the choice of place and time.&nbsp;&nbsp;Consultant will provide, at Consultant&#8217;s own expense, a place of work and all equipment, tools and other materials necessary to complete the Services; however, to the extent necessary to facilitate performance of the Services, Client may, in its discretion, make certain of its equipment or facilities available to Consultant at Consultant&#8217;s request.&nbsp;&nbsp;While on the Client&#8217;s premises, Consultant agrees to comply with Client&#8217;s then-current access rules and procedures, including those related to safety, security and confidentiality.&nbsp;&nbsp;Consultant agrees and acknowledges that Consultant has no expectation of privacy with respect to Client&#8217;s telecommunications, networking or information processing systems (including stored computer files, email messages and voice messages) and that Consultant&#8217;s activities, including the sending or receiving of any files or messages, on or using those systems may be monitored, and the contents of such files and messages may be reviewed and disclosed, at any time, without notice.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-style:normal;color:#auto;font-size:11pt;font-family:Times New Roman;text-transform:uppercase;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">2.</font><font style="font-size:12pt;font-weight:normal;text-transform:none;margin-left:36pt;color:#000000;"></font><font style="text-transform:none;color:#000000;">Compensation.</font><font style="font-weight:normal;text-transform:none;color:#000000;">&nbsp;&nbsp;Client will pay Consultant the fee set forth in each Project Assignment for Services rendered pursuant to this Agreement as Consultant&#8217;s sole compensation for such Services.&nbsp;&nbsp;Consultant will be reimbursed only for expenses that are expressly provided for in a Project Assignment or that have been approved in advance in writing by Client, provided Con