EXHIBIT 10.41
EXHIBIT A
NETWORKS ASSOCIATES, INC.
SNIFFER BONUS PLAN
PARTICIPATION AGREEMENT
Xxx Xxxxx (the "PARTICIPANT") has been granted a Target Bonus Percentage
pursuant to the Sniffer Bonus Plan (the "PLAN"), as follows:
DATE OF ISSUANCE: APRIL 26, 2004
The Participant's Target Bonus Percentage for purposes of determining the
Participant's Bonus Amount is:
TARGET BONUS PERCENTAGE: 40% , BUT IN NO EVENT TO EXCEED A TOTAL
AMOUNT OF THREE MILLION FIVE HUNDRED
THOUSAND DOLLARS ($3,500,000.00) IN PAYMENTS
TO PARTICIPANT UNDER THE PLAN
The Participant agrees that he will keep information about the Sale (as defined
in the Plan) confidential both within and outside of Network Associates, Inc.
(the "COMPANY"). This information includes, but is not limited to, confidential
information about employees, business moves and strategies, and management
information related to the Sale ("CONFIDENTIAL INFORMATION"). The Participant
understands and agrees that he will not reveal any Confidential Information
without the express written consent of the Senior Director or Senior Vice
President of Human Resources of Network Associates or any other officer whose
identity is made known to the Participant, provided, however, the Participant
may disclose Confidential Information in the context of any presentation
regarding the Sale organized by the Company or its advisors. The Company has the
right to terminate the Plan in its entirety and/or cancel any Bonus Amounts
otherwise payable to the Participant under the Plan following any unauthorized
disclosure of any Confidential Information by the Participant or any other
Participant in the Plan.
Participant understands and agrees that discussing, revealing or in any way
communicating the Confidential Information to a non-authorized person or entity
is grounds for immediate termination of employment. Participant understands and
agrees that all documents, business records and communications (both in written
and verbal form) that have been or will be created as part of the Sale are the
property of Network Associates and that he will keep such confidential.
By their signatures below, the Company and the Participant agree that the Target
Bonus Percentage and any Bonus Amounts are governed by this Participation
Agreement and by the provisions of the Plan, a copy of which is attached to and
made a part of this document. The Participant acknowledges receipt of a copy of
the Plan, represents that the Participant has read and is familiar with their
provisions.
COMPANY PARTICIPANT
By:
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Signature
Its:
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Date
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Address
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ATTACHMENT: Sniffer Bonus Plan
Release Agreement
ANNEX 1
RELEASE OF CLAIMS
("RELEASE")
_____________ ("Participant") has been awarded certain benefits pursuant to
the Sniffer Bonus Plan and the Sniffer Bonus Plan Participation Agreement signed
by Participant on __________, 2003, in connection with Participant's employment
with Networks Associates, Inc. (the "Company"), a Delaware corporation. For
purposes of this Release, the term "the Company" shall mean NAI and its
subsidiaries and affiliates.
1. Participant's employment relationship with the Company is ended effective
_____________________ (the "Effective Date"). Participant understands that if
and only if he/she signs and returns this Release and complies with the terms of
the Sniffer Bonus Plan and the Sniffer Bonus Plan Participation Agreement,
Participant will receive the benefits described in Section 4 of the Sniffer
Bonus Plan.
2. In exchange for the benefits described in Section 4 of the Sniffer Bonus
Plan, Participant (on his own behalf and on behalf of Participant's successors
and assigns) hereby releases the Company and the officers, directors, employees,
stockholders, agents, and legal successors and assigns of the Company ("Released
Parties") from all claims, actions and causes of action, whether now known or
unknown, which he now has, or at any other time had, or shall or may have
against the Released Parties based upon, relating to or arising out of any
matter, cause, fact, thing, act or omission whatsoever occurring at any time up
to and including the Effective Date (as defined herein), including, but not
limited to, any claims for breach of express or implied contract, wages or
benefits owed, covenants of fair dealing and good faith, interference with
contract, option grants, wrongful discharge or termination, fraud, defamation,
negligence, assault, battery, invasion of privacy, false imprisonment, civil
conspiracy, duress, promissory or equitable estoppel, violation of public
policy, retaliation, personal injury, breach of fiduciary duty, bad faith,
infliction of emotional distress and employment discrimination or harassment of
any type or retaliation based on any protected status (including, without
limitation, national origin, race, age, sex, sexual orientation, disability,
workers' compensation status, or other protected category) or other
discrimination, retaliation or harassment under Title VII of the Civil Rights
Act of 1964, the Civil Rights Act of 1991, the Civil Rights Acts of 1866 and
1871, the Family and Medical Leave Act of 1993 ("FMLA"), the Age Discrimination
In Employment Act of 1967, the Americans With Disabilities Act, ("ADA"), the
Employee Retirement Income Security Act ("ERISA"), the Fair Labor Standards Act
of 1938 ("FLSA"), the California Fair Employment and Housing Act, the Texas
Commission on Human Rights Act and amendments to these statutes; or any other
applicable federal, state or local law, statutes, regulations, ordinances, or
other similar provisions (collectively referred to as the "Released Matters").
3. Participant acknowledges that he has read section 1542 of the Civil Code
of the State of California which, in its entirety, states:
A general release does not extend to claims, which the creditor does
not know or suspect to exist in his favor at the time of executing the
release, which if known by him/her must have materially affected his
settlement with the debtor.
SNIFFER BONUS PLAN - ANNEX 1 PAGE 1
Participant waives any rights that he/she has or may have under such
section 1542 to the fullest extent that Participant may lawfully waive such
rights pertaining to this Release. If Participant is employed by the Company in
a state other than California, Participant hereby waives any right or benefit
which he/she has under the other state's statutes similar to section 1542 of the
Civil Code of the State of California to the fullest extent that he/she may
lawfully waive such rights pertaining to this Release.
4. Participant acknowledges and agrees that he will not make any
disparaging statements or otherwise say anything detrimental to any other person
or entity about the Company or its products, services or employees or take any
action detrimental to the Company.
5. Participant agrees not to xxx for any reason in any suit or
proceeding against the Company and/or its officers, directors, agents and
employees relating to the Released Matters. To the fullest extent permitted by
law, Participant agrees that he will not bring any charge or complaint with the
Texas Commission on Human Rights, the California Department of Fair Employment
and Housing, the U.S. Department of Labor, or any other administrative,
regulatory, legislative or judicial body based on or relating to in any way the
Released Matters. Participant further agrees that he will not, at any time in
the future, discuss, encourage or voluntarily assist or cooperate in the
prosecution of claims, demands or actions against any of the Parties Released by
him except as may be required by law. Participant will not directly or
indirectly suggest to anyone that he is aware of any claims or potential claims
or basis for any potential claims against the Company or any of its current and
former officers, directors, employees and agents. This provision shall not
prevent Participant from responding truthfully to a subpoena or other process as
compelled by law. In the event any charge, complaint, grievance, arbitration,
action or other proceeding was or is filed by Participant or on his behalf
(other than to receive the consideration described herein), he agrees not to
obtain or accept recovery or relief therefrom.
6. Participant agrees to cooperate in the transition of his duties at
the Company and further agrees to provide reasonable assistance to the Company
should his knowledge or testimony be deemed useful by counsel for the Company in
pursuing or defending any pending or future legal claims involving the Company.
Examples of such assistance include speaking with individuals at the Company or
its outside counsel, assisting in locating documents or other evidence and
providing truthful testimony. The Company and Participant will attempt to
schedule such transition and assistance activities to occur at mutually
convenient times.
7. Participant acknowledges that he has continuing obligations under
any confidentiality and assignment of inventions agreement Participant may have
signed in favor of the Company or under applicable law, which obligations will
not be affected or impaired in any way by this Release.
8. By accepting the benefits, payments and other items described in
herein, Participant agrees:
a. that he will keep the terms of and sums paid under the
Sniffer Bonus Plan and this Release confidential and will not disclose
such sums or the terms and contents of
SNIFFER BONUS PLAN - ANNEX 1 PAGE 2
the Sniffer Bonus Plan and this Release or any discussions between
himself and the Company related to the Sniffer Bonus Plan and this
Release or the circumstances regarding the separation of his employment
with NAI. Participant agrees that he will maintain confidentiality of
the terms and conditions of the Plan, except as required by law. If the
Participant believes that a disclosure of the terms and conditions of
the Plan is reasonably necessary for tax, accounting or financial
purposes, Participant will request the Company's consent to the
disclosure and obtain the Company's written consent before any
disclosure is made. Any disclosure by Participant of the terms and
conditions of the Plan without the Company's written consent shall be
deemed a disclosure by Participant in violation of the Plan.
b. that if he fail to comply with any of the provisions of
this Section 8, the Company shall be entitled, upon application to any
court of competent jurisdiction, to specific performance or injunction
or other relief in order to enforce or prevent violation of such
provision or provisions. Nothing herein contained shall be construed as
prohibiting the Company from pursuing any other remedies available to
it for such breach or threatened breach, including the recovery of
damages from Participant.
9. Participant acknowledges that as a condition of receiving the
payments described in Section 4 of the Sniffer Bonus Plan, he has returned to
the Company on or before the Effective Date, all Company property in his
possession, including but not limited to, software, equipment, documents, sales
materials, or other company records, parking cards, pass cards, access cards,
keys, calling cards, mobile phones, beepers, pagers, credit cards, computers,
fax machines, copy machines, personal digital assistants or any other equipment.
10. Participant agrees that this Release embodies the entire
understanding between the Company and him and that this Release may not be
modified or amended unless such modification or amendment is in writing and is
signed by Participant and by an authorized officer of the Company.
11. Participant agrees that neither this Release nor the furnishing of
the consideration for this Release shall be deemed or construed at any time, for
any purpose, an admission by the Company of any liability or unlawful conduct of
any kind.
12. Participant agrees that this Release shall not be assigned, pledged
or transferred in any way without the prior written consent of the Company.
13. Should any provision of this Release be declared illegal or
unenforceable by any court of competent jurisdiction and cannot be modified to
be enforceable, excluding the general release language, such provision shall
immediately become null and void, leaving the remainder of this Release in full
force and effect. However, if any portion of the general release language were
ruled to be unenforceable for any reason, Participant agrees to return the
consideration paid hereunder to the Company.
14. PARTICIPANT ACKNOWLEDGES THAT PARTICIPANT HAS CAREFULLY READ AND
FULLY UNDERSTANDS THIS RELEASE AND PARTICIPANT HAS NOT RELIED ON ANY STATEMENT,
WRITTEN OR ORAL, WHICH IS NOT SET
SNIFFER BONUS PLAN - ANNEX 1 PAGE 3
FORTH IN THIS DOCUMENT. PARTICIPANT HAS CONSULTED WITH AN ATTORNEY OF HIS OWN
CHOOSING, OR UNDERSTANDS THAT PARTICIPANT SHOULD CONSULT WITH AN ATTORNEY,
BEFORE SIGNING THIS RELEASE, AND UNDERSTANDS THAT PARTICIPANT IS GIVING UP ANY
LEGAL CLAIMS PARTICIPANT HAS OR MAY HAVE AGAINST THE COMPANY BY SIGNING THIS
RELEASE. PARTICIPANT ACKNOWLEDGES THAT HE HAS 21 DAYS IN WHICH TO CONSIDER
SIGNING THIS RELEASE, THAT PARTICIPANT MAY REVOKE THIS RELEASE WITHIN 7 DAYS OF
SIGNING IT BY PROVIDING WRITTEN NOTICE TO THE COMPANY THROUGH THE HUMAN
RESOURCES DEPARTMENT, 0000 XXXXXXX XXXXXX, XXXXX XXXXX, XX 00000, AND THAT THE
RELEASE WILL NOT BECOME EFFECTIVE UNTIL THE EIGHTH DAY AFTER PARTICIPANT SIGNS
IT WITHOUT REVOCATION (THE "EFFECTIVE DATE"). PARTICIPANT HAS HAD AN ADEQUATE
OPPORTUNITY TO MAKE WHATEVER INVESTIGATION OR INQUIRY PARTICIPANT DEEMS
NECESSARY OR DESIRABLE IN CONNECTION WITH THE MATTERS ADDRESSED IN THIS RELEASE.
PARTICIPANT UNDERSTANDS THE COMPANY IS NOT OBLIGATED TO PAY HIM THE PAYMENT
DESCRIBED IN SECTION 4 OF THE SNIFFER BONUS PLAN. PARTICIPANT FURTHER
ACKNOWLEDGES THAT HE IS SIGNING THIS RELEASE KNOWINGLY, WILLINGLY AND
VOLUNTARILY IN EXCHANGE FOR THE PAYMENT SET FORTH IN SECTION 4 OF THE SNIFFER
BONUS PLAN.
IN WITNESS WHEREOF, the Parties have executed this Agreement on the
respective dates set forth below.
Networks Associates, Inc., Participant,
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By: Xxxx Xxxxxx,
President Date:
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Date:
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