INDEMNIFICATION AND ADVANCEMENT AGREEMENTIndemnification and Advancement Agreement • February 1st, 2022 • ACE Convergence Acquisition Corp. • Semiconductors & related devices • Delaware
This Indemnification and Advancement Agreement (“Agreement”) is made as of ________ __, 2022 by and between Tempo Automation Holdings, Inc. a Delaware corporation (the “Company”), and ______________, [a member of the Board of Directors][an officer] of the Company (“Indemnitee”). This Agreement supersedes and replaces any and all previous Agreements between the Company and Indemnitee covering indemnification and advancement of expenses.
Re: Employment Terms Dear Ryan:ACE Convergence Acquisition Corp. • February 1st, 2022 • Semiconductors & related devices
On behalf of Tempo Automation, Inc. (the “Company”), I am pleased to offer you employment at the Company on the terms set forth in this offer letter agreement (the “Agreement”). As discussed, the terms of this Agreement govern with respect to your employment, which shall commence no later than July 13, 2020 (such actual date of your commencement of employment shall be referred to herein as the “Start Date”).
Re: Employment TermsACE Convergence Acquisition Corp. • February 1st, 2022 • Semiconductors & related devices
You are currently employed by Tempo Automation, Inc. (the “Company”) as its President & Chief Executive Officer (“CEO”) pursuant to the terms of an employment offer letter agreement between you and the Company dated August 20, 2019 and an amended and restated employment offer letter agreement between you and the Company dated January 11, 2021 (collectively, the “Offer Letter”). As discussed, you and the Company hereby agree to amend and restate the Offer Letter. The terms and conditions set forth in this offer letter agreement (the “Agreement”) shall become effective as of March 1, 2021 (the “Effective Date”), and shall supersede and replace the terms and conditions set forth in the Offer Letter.
