SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement • February 29th, 2008 • Lsi Corp • Semiconductors & related devices • North Carolina
THIS SEPARATION AGREEMENT AND GENERAL RELEASE (the “Agreement”) is made and entered into this 15th day of November, 2007 (the “Agreement Date”), between Jeffery L. Hoogenboom (the “Employee”) and LSI Corporation (together with its predecessors and its successors and assigns, the “Company”).
December 12, 2007 Mr. Denis Regimbal Agere Systems Inc. 1110 American Parkway NE Allentown, PA 18109 Dear Denis, As you know, on or about April 2, 2007 you received a stock option grant of 100,000 shares vesting over four years, and 50,000 time-based...Separation Agreement • February 29th, 2008 • Lsi Corp • Semiconductors & related devices
This will confirm our mutual understanding that the terms of the April 2 awards and LSI Corporation’s 1991 Equity Incentive Plan and 2003 Equity Incentive Plan do not allow for the unvested equity grants issued under those plans to accelerate and vest upon the termination of your employment. Of course, all of the unvested equity grants issued under the Agere Systems Inc. 2001 Long Term Incentive Plan will in fact accelerate and vest on your termination date.
