0001193125-12-347460 Sample Contracts
VIA HAND DELIVERY August 1, 2012 Michael W. Zellner Re: Transition and Release Agreement Dear Mike:Transition and Release Agreement • August 9th, 2012 • PMC Sierra Inc • Semiconductors & related devices • California
Based on our discussions, we have agreed that your employment with PMC-Sierra will terminate effective November 9, 2012 (the “Separation Date”) and that you will support PMC-Sierra, Inc. (“PMC” or the “Company”) during a transition period. Once countersigned by you, this letter reflects our understanding of the terms and conditions of your transition and separation (this “Agreement”). You will not receive any of the separation payment and benefits described in this Agreement unless you sign and do not subsequently revoke this Agreement.
