SEPARATION AGREEMENTSeparation Agreement • March 6th, 2015 • Pendrell Corp • Patent owners & lessors • Washington
This Separation Agreement (“Agreement”) is entered into by and between Pendrell Corporation and its subsidiaries (“Pendrell” or “Company”) and Benjamin G. Wolff (“Employee”) (collectively “Parties”) to set forth the terms and conditions of Employee’s separation from Pendrell effective November 19, 2014.
February 16, 2015 Gerry Salemme Arlington, VA 22207 Dear Gerry,Pendrell Corp • March 6th, 2015 • Patent owners & lessors
This letter relates to your employment with Pendrell Corporation, a Washington corporation (“Pendrell”). You have served as Pendrell’s full-time chief strategy officer under the terms and conditions of an employment letter dated July 1, 2011, as supplemented by addenda dated August 25, 2014 and January 1, 2015 (collectively, the “Agreement”). We have mutually determined that your duties no longer warrant full-time employment, which coincides with your desire to pursue activities outside of Pendrell. Therefore, we wish to terminate the Agreement to eliminate your full time employment relationship and replace the employment relationship with the consulting relationship described in this letter. We have agreed on the following.
SEVERANCE AND RELEASE AGREEMENTSeverance and Release Agreement • March 6th, 2015 • Pendrell Corp • Patent owners & lessors • Washington
This Severance and Release Agreement (“Agreement”) is entered into by and between Pendrell Corporation and any subsidiaries and affiliates (“Pendrell” or “Company”) and Robert S. Jaffe (“Employee”) (collectively “Parties”) to set forth the terms and conditions of Employee’s separation from Pendrell effective April 18, 2014. As contemplated by Employee’s employment letter dated June 7, 2012 and in exchange for the benefits described in said employment letter, Employee agrees to execute this Agreement which includes a full release of all known and unknown claims.
