SEC Contract Filing

Filing Date: 2017-05-03

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d392126dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SEPARATION AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Separation Agreement is made and entered into by and between Mozafar Maghsoudnia (the &#147;<U>Executive</U>&#148;) and InvenSense, Inc.
(the &#147;<U>Company</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated
as of December&nbsp;21, 2016, among the Company, TDK Corporation and TDK Sensor Solutions Corporation (the date of consummation of such transactions being the &#147;<U>Closing Date</U>&#148;), and the Executive&#146;s continued employment until the
Closing Date, the Company and the Executive agree as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">The Executive shall resign from employment with the Company on the Closing Date. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">Subject to the Executive&#146;s execution and non-revocation of the Release of Claims in the form attached as Exhibit A hereto, in accordance with paragraph 5 thereof, the Executive shall be entitled to receive the
severance payments, accelerated vesting and benefits provided for in Sections 2(b)(i), (ii), (iii)&nbsp;and (iv)&nbsp;of his Executive Change in Control and Severance Agreement, effective as of May&nbsp;20, 2014, by and between the Company and the
Executive (the &#147;<U>Severance Agreement</U>&#148;). Such severance amounts and benefits shall be paid pursuant to the terms and conditions of the Severance Agreement. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">The Executive shall be subject to and comply with the non-solicitation, non-disparagement and confidential information provisions of Section&nbsp;3(b), (c)&nbsp;and (d)&nbsp;of the Severance Agreement.
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<TD VALIGN="top" COLSPAN="3">InvenSense, Inc.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Behrooz Abdi</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">5/1/17</TD></TR>
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<TD VALIGN="bottom">[Name] Behrooz Abdi</TD>
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<TD VALIGN="bottom" ALIGN="center">date</TD></TR>
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<TD VALIGN="bottom"><FONT STYLE="font-size:10pt">[Title] CEO</FONT></TD>
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<TD VALIGN="top" COLSPAN="3">Mozafar Maghsoudnia</TD>
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<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ M