ADVISORY SERVICES AGREEMENTAdvisory Services Agreement • August 8th, 2013 • Applied Micro Circuits Corp • Semiconductors & related devices • California
THIS ADVISORY SERVICES AGREEMENT is between Applied Micro Circuits Corporation, a Delaware corporation having its principal place of business at 215 Moffett Park Drive, Sunnyvale, CA 94089, and its subsidiaries, successors or assignees (“Client”), and the undersigned Robert Gargus, an individual residing at (“Contractor”).
Agreement with Shiva Natarajan regarding appointment as Interim Chief Financial OfficerInterim Chief Financial Officer Agreement • August 8th, 2013 • Applied Micro Circuits Corp • Semiconductors & related devices
The following is a summary of the material terms of the compensation awarded by the Company to Shiva Natarajan, the Company's Vice President, Controller, and Chief Accounting Officer, in connection with his appointment, effective June 24, 2013, as the Company's Chief Financial Officer on an interim basis: Effective June 16, 2013, Mr. Natarajan's annual base salary was $275,000, which will not be impacted by Mr. Natarajan's acceptance of the Interim Chief Financial Officer position. In consideration of Mr. Natarajan agreeing to accept the role of Interim Chief Financial Officer and commencing with the quarterly report on Form 10-Q to be filed for the quarter ending June 30, 2013, the Company will pay to Mr. Natarajan a cash bonus in the amount of $25,000 for each quarterly report on Form 10-Q filed before the start of a replacement Chief Financial Officer and for the first two quarterly reports on Form 10-Q (or Form 10-K, as the case may be) filed after the start of a replacement CFO (s
Mr. Robert Gargus Re: Resignation Letter AgreementResignation Letter Agreement • August 8th, 2013 • Applied Micro Circuits Corp • Semiconductors & related devices • California
The intent of this letter agreement (“Agreement”) is to fully and finally set forth our mutual agreement regarding the voluntary resignation of your employment with Applied Micro Circuits Corporation (including its direct and indirect subsidiaries, “AppliedMicro” or the “Company”) and your continuing obligations following such resignation, including the entry by you and the Company into an advisory services agreement effective as of the resignation date (“Services Agreement”). To the extent the express terms of this Agreement are different from those set forth in your employment letter agreement with AppliedMicro dated September 14, 2005 (the “Employment Agreement”), the Employment Agreement will be deemed modified and amended; otherwise all terms of the Employment Agreement remain in full force and effect.
