SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • December 9th, 2008 • Freescale Semiconductor Inc • Semiconductors & related devices • Texas
This Separation and Release Agreement (the “Agreement”) is the mutual, complete and final agreement between Paul Grimme (for yourself, your spouse and anyone acting for you) (“you”), and Freescale Semiconductor, Inc. (for itself, its parents, subsidiaries and affiliates and anyone acting for Freescale) (“Freescale”) that resolves all matters between you and Freescale. Except where otherwise specified, this Agreement supersedes and nullifies all prior and concurrent communications, acknowledgements and agreements between you and Freescale, including any prior versions of this Agreement. This Agreement has been individually negotiated and is not part of a group incentive or other termination program. In consideration for the payments and benefits provided under this Agreement, you and Freescale agree to the following:
