SEC Contract Filing

Filing Date: 2015-06-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.79
<SEQUENCE>4
<FILENAME>cybx-20150424ex107995600.htm
<DESCRIPTION>EX-10.79
<TEXT>
<!--HTML document created with Certent Powered by Crossfire 5.11.124.0-->
<!--Created on: 6/15/2015 3:49:38 PM-->
<html>
	<head>
 <title>
 cybx - 20150424 - FY15 - Exhibit 1079
 </title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;">
 <p style="margin:0pt 0pt 12pt;text-align:right;border-bottom:1pt none #D9D9D9 ;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <a name="_GoBack"></a><font style="display: inline;">EXHIBIT 10.79</font>
 </p>
 <p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;text-decoration:underline;">EMPLOYMENT AGREEMENT</font>
 </p>
 <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:left;border-bottom:1pt none #D9D9D9 ;line-height:200%;text-indent:36pt;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">This Employment Agreement (&#x201C;Agreement&#x201D;) is made by and between Cyberonics, Inc., a Delaware corporation (the &#x201C;Company&#x201D;) and </font><font style="display: inline;">Darren W. Alch</font><font style="display: inline;"> (&#x201C;</font><font style="display: inline;">Employee</font><font style="display: inline;">&#x201D;).&nbsp; </font>
 </p>
 <p style="margin:0pt;text-align:left;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:200%;text-indent:36pt;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">The Company desires to </font><font style="display: inline;">maintain </font><font style="display: inline;">Employee</font><font style="display: inline;">&#x2019;s employment</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">and to encourage </font><font style="display: inline;">Employee</font><font style="display: inline;">&#x2019;s attention and dedication to the Compa</font><font style="display: inline;">ny as a member of the Company&#x2019;s</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">management, in the best interests of the Company and its shareholders; </font>
 </p>
 <p style="margin:0pt;text-align:left;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:200%;text-indent:36pt;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">Employee desires to maintain</font><font style="display: inline;"> employment with the Company;</font>
 </p>
 <p style="margin:0pt;text-align:left;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:200%;text-indent:36pt;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">The Company and </font><font style="display: inline;">Employee</font><font style="display: inline;"> desire to enter into this Agreement to set forth the terms and conditions on which </font><font style="display: inline;">Employee</font><font style="display: inline;"> is employed by the Company from and after the </font><font style="display: inline;">Effective</font><font style="display: inline;"> Date.</font>
 </p>
 <p style="margin:0pt;text-align:left;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:200%;text-indent:36pt;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">This Agreement contemplates that </font><font style="display: inline;">Employee</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">is</font><font style="display: inline;"> a key employee of the Company.&nbsp;&nbsp;As such, the Company will </font><font style="display: inline;">continue to make</font><font style="display: inline;"> available to </font><font style="display: inline;">Employee</font><font style="display: inline;"> confidential information and </font><font style="display: inline;">will continue to make</font><font style="display: inline;"> a substantial investment </font><font style="display: inline;">in </font><font style="display: inline;">Employee</font><font style="display: inline;"> for the benefit of the Company and its shareholders.&nbsp;&nbsp;The Company and </font><font style="display: inline;">Employee</font><font style="display: inline;"> recognize that the goodwill derived therefrom is a valuable asset of the Company.&nbsp;&nbsp;The Company and </font><font style="display: inline;">Employee</font><font style="display: inline;"> agree that such confidential information and goodwill are entitled to protection during the term of this Agreement and for a reasonable time thereafter.</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">Company acknowledges </font><font style="display: inline;">that </font><font style="display: inline;">Employee</font><font style="display: inline;"> brings to the Company experience and non-confidential general knowledge of the medical device industry.</font>
 </p>
 <p style="margin:0pt;text-align:left;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:200%;text-indent:36pt;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">The Company and </font><font style="display: inline;">Employee</font><font style="display: inline;"> are sophisticated business persons.&nbsp;&nbsp;Each has been advised by counsel with respect to this Agreement</font><font style="display: inline;">, or has had the opportunity to be advised by counsel</font><font style="display: inline;">,</font><font style="display: inline;">&nbsp;</font><fon