Amended and Restated Change in Control Severance Agreement (March 4th, 2013)
This Amended and Restated Change in Control Severance Agreement (the Agreement) by and between Cascade Microtech, Inc., an Oregon corporation (CMI), and [Executive] (Executive) is dated and effective as of August 29, 2012, and amends and restates the Change in Control Severance Agreement by and between CMI and Executive dated and effective as of July 15, 2011.
Cascade Microtech, Inc. Executive Incentive Plan for the Six-Month Period Ending June 30, 2011 (April 7th, 2011)
Target payouts for the participants will be based on a percentage of their base salaries, with the amount of the payout determined based on attainment of planned levels of revenue and adjusted income from operations, with 50 percent of the payout, if any, based on revenue performance and 50 percent based on adjusted income from operations performance. Adjusted income from operations will be calculated based on income from operations excluding unallocated corporate expenses and may be adjusted to exclude certain unusual items, which may include, but are not limited to gains or losses resulting from one-time events, including the write-off or impairment of assets, the gain or loss on the sale of assets or property, severance charges, restructuring expenses, and other extraordinary transactions or events.