Tessera Technologies Inc – SETTLEMENT AGREEMENT AND GENERAL RELEASE (March 1st, 2013)
This Settlement Agreement and General Release (the “Agreement”) is made by and between Richard Chernicoff (“Executive”) and Tessera Technologies, Inc., on behalf of itself and its subsidiaries and affiliates, including, without limitation, Tessera Intellectual Property Corp. (together, the “Company”), effective as of the eighth day following Executive’s signature of this Agreement without revocation (the “Effective Date”) with reference to the following facts:
Tessera Technologies Inc – Tessera Global Services, Inc. Consulting Agreement (March 1st, 2013)
Tessera Technologies Inc – June 24, 2011 Richard Chernicoff [address redacted] Dear Rich: (August 5th, 2011)
I am pleased to offer you a full-time, exempt position with Tessera, Inc. (the “Company”), as President, Intellectual Property and Microelectronics Division (the “IP Business”), reporting to me as Tessera’s Chief Executive Officer (“CEO”). If you decide to join us, you will receive an annual salary of $295,000.00, which will be paid in accordance with the Company’s normal payroll procedures.