EX-10.1 2 ex10-1.htm

 

展示 10.1

 

應用 數字公司

 

2024年10月11日

 

Saidal 蒙曼

通過 電子郵件

 

關於: 繼續僱傭的邀約

 

親愛的 Saidal:

 

我們很高興地告知您,應用數字公司,一家內華達州公司(以下簡稱“公司”),按照本書面協議約定的條款爲您提供持續的僱傭。 附錄 A 附表中的,這封信函生效日爲2024年10月14日或雙方書面同意的其他日期,以及其他相關條款得以滿足的日期(以上述日期中較遲者計算,以下簡稱“信函協議”)。生效日期。”).

 

職位: 您將擔任公司的致富金融(臨時代碼)職務,向公司首席執行官彙報,或者由首席執行官不斷指定的其他人。 首席執行官您的職責和責任可能會不時地由首席執行官或其他下屬人員做出修改。您是免於加班工資的豁免員工,無論工作時間多長。

 

您將始終誠實、勤勉地履行職責和責任,並盡最大努力,遵守和執行公司制定的適用於公司員工的所有政策和程序,以及任何政府或監管機構規定的所有適用法律、規章。您將盡最大努力推動公司業務和事務的運營,並將所有業務時間和精力致力於公司及其子公司的運營,除非公司書面審批,否則在任期內不得向任何其他個人、公司、實體或企業提供任何服務。

 

旅行: 您明白可能需要出差以履行職責,並同意根據需要這樣做。

 

基本工資 您的基本工資應按年計算爲$475,000(以下簡稱“基本工資”)。基本工資應按照公司的正常工資支付慣例支付,扣除適用的預扣稅額和扣款,並應不時由公司進行審查。

 

年度 獎金機會: 在您的任職期間,每個財政年度您還有資格獲得年度獎金,目標爲您的基本工資的75%(“ 年度獎金”),視適用的扣繳和扣除而定。如有的話,您的年度獎金實際金額將基於公司業績和您在該財政年度的個人表現,由公司董事會(“ 董事會”)或其薪酬委員會(“ 委員會”)確定,可能高於或低於該目標金額。除非本函協議另有規定,每筆年度獎金(如有)將要求您在支付日期之前繼續與公司僱傭,無論您離職的原因。

 

 
 

 

初始股權獎勵: 經董事會或委員會批准,您將獲得490,000個受限制的股票單位(“RSUs支付”),受公司2022年激勵計劃(經修訂,"401(k)計劃的僱主貢獻”)和公司根據該計劃提供的獎勵協議的條款和條件約束。 預計RSU的歸屬如下:(i)RSU的六分之一(1/6)將於2025年4月4日(“第一個解鎖日期”)歸屬;以及(ii)RSU的六分之一(1/6)將於此後每隔六(6)個月的第一個歸屬日歸屬(以便RSU在2027年10月4日完全歸屬),在每種情況下,均受到您在適用歸屬日期之前繼續與公司的僱傭。此外,如果發生控制權變更(根據計劃定義),預計RSU將按以下加速歸屬:(x)如控制權變更在生效日期的一(1)年週年紀念日之前完成,未歸屬RSU數的50%將在該變更完成時加速歸屬(或者,如果未發行涉及任何未歸屬RSU的「替換獎勵」,該變更完成時未歸屬RSU數的100%將加速歸屬),以及(y)如果控制權變更在生效日期的一(1)年週年紀念日當天或之後完成,未歸屬RSU數的100%將在該變更完成時加速歸屬。

 

在不受前述限制的情況下,經董事會或委員會批准,您將獲得490,000股績效股份單位("PSU),根據計劃的條款和條件以及公司提供的授予協議。此類授予協議將規定適用於PSUs的基於時間和績效的歸屬條件。

 

其他 股權獎勵您將有資格不時獲得股權獎勵,需經董事會或委員會批准。 任何此類股權獎勵應受董事會或委員會根據情況確定的條款和條件約束。

 

帶薪休假: 您將有資格獲得帶薪休假和其他離職時間,符合公司隨時可能生效的政策。

 

其他 福利: 您有資格參加公司或其子公司設立的福利和其他福利計劃、慣例、政策和項目,條件如同適用於公司員工,您參加此類計劃需遵守公司(或其子公司)的福利計劃文件、政策和程序的條款和條件,這些條款和條件隨時可能被設立並生效。公司保留在任何時候更改、替換或終止上述任何一項或所有福利的權利,包括捐款水平。

 

費用: 公司將根據您履行公司職責產生的所有合理、經過記錄的業務費用,在公司不時有效的有關費用報銷政策的規定下報銷給您。

 

僱員 契約協議: 您必須作爲繼續與公司的僱傭條件,執行隨附的僱員保密、發明劃轉和限制性約定協議 附錄 A (「本登記聲明」) 由特立軟件股份有限公司,一家德拉華州股份公司 (以下簡稱爲「本公司」) 提交,目的是爲了註冊其額外的7,184,563股A類普通股,每股面值$0.0001 (以下簡稱爲「A類普通股」), 以及在特立軟件股份有限公司 2022年股權激勵計劃下可發行股份的1,436,911股A類普通股,注(下文簡稱爲「A類普通股」)。僱員契約協議”) 同時立即執行並遵守其所有條款。

 

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終止: 在公司工作沒有特定的時間段。你在公司的工作將 「隨意」,這意味着 您或公司可以隨時以任何理由或無理由終止您的工作,無論是否提前解僱 注意。如果您的工作因任何原因被解僱,您只會收到 (i) 截至該日的任何應計和未付基本工資的支付 此類終止日期,以及 (ii) 報銷在該終止日期之前發生但未支付的業務費用,但以此爲限 根據本信函協議的條款,有資格獲得補償(以下統稱”應計債務”)。 儘管有上述規定,但如果公司在沒有 「原因」(定義見下文)的情況下終止了您的工作 然後,前提是您執行並向本公司交付,並且不可撤銷(如果適用)已執行的豁免和免除 以公司提供的表格提出索賠(”發佈”) 在六十 (60) 之內生效且不可撤銷 您終止之日起的天數(或本新聞稿中規定的較短期限),以及您繼續遵守條款 以及本信函協議、員工契約協議和免責聲明的條件,除應計費用外,您還將收到本信函協議、員工契約協議和免責聲明的條件 債務,如下:(i) 相當於十二 (12) 個月基本工資的現金金額(或者,如果您被解僱) 在控制權變更完成後的十八 (18) 個月內無故地(定義見應用數字公司) 2024 年激勵計劃(經不時修訂、重述或以其他方式修改),二十四(24)個月的基本工資),在 自您解僱之日起生效的應付稅率,減去適用的預扣稅和以延期工資形式扣除的扣除額 在十二 (12) 或二十四 (24) 個月內定期分期付款(視情況而定),其中第一期開始於 本新聞稿生效且不可撤銷之日之後的第一個定期發放工資的日期(”現金遣散費”); 以及 (ii) 相當於您終止僱傭關係的財政年度目標年度獎金的百分之百的金額 在年度獎金本應支付之日起十 (10) 天內一次性支付, 沒有解僱以及新聞稿的生效,但無論如何都不遲於財政年度之後的8月15日 其中終止日期爲終止日期。儘管有上述規定,但如果期限是考慮,並在適用的情況下撤銷 發放金加上此後的第一個正常工資發放日期跨越兩個日曆年,現金遣散費應從 該第二個日曆年度的第一個正常發薪日期或本新聞稿生效後的第一個發薪日期的較晚者。

 

根據本函約定,「原因」是指您(i)因被起訴、定罪,或認罪或無異議接受刑事犯罪或涉及不誠實或道德敗壞的其他犯罪,導致公司或其關聯公司蒙受恥辱或損害聲譽,或影響公司或其關聯公司的運營或財務績效或與其各自客戶之間的關係。(ii)對公司或其任何關聯公司的嚴重疏忽或故意不當行爲,包括但不限於欺詐、侵佔、挪用、盜竊或不誠實(A)在您的僱傭或其他服務期間或(B)以其他方式對公司或其任何關聯公司造成損害;(iii)未能以符合您角色或責任的努力或成果水平執行;(iv)拒絕履行任何義務或完成對公司或其關聯公司的任何職責(除非因殘疾);(v)違反與公司或其任何關聯公司簽訂的任何協議或所負的任何責任;(vi)違反與公司或其任何關聯公司簽訂的任何保密、非競爭、非誘導或專有權利相關的任何義務或責任;(vii)違反公司或其關聯公司的任何政策或董事會認定有合理可能導致公司或其關聯公司遭受恥辱或損害的任何行動;(viii)反覆(即不止一次)在受毒品或酒精影響下(除非按照其說明書或在醫師監督下使用的非處方藥物或處方藥物)干擾您對公司或其任何關聯公司的職責履行,或者在受毒品或酒精影響下,在履行對公司或其任何關聯公司的職責時從事不恰當行爲;或(ix)從事任何行爲或歧視行爲、騷擾或任何不受歡迎的性騷擾、要求性行爲或其他性質的口頭或身體行爲。

 

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第280G節: 儘管與您之間的本信函協議或公司與您之間的任何其他協議的其他規定,在公司或其他情況下向您提供或爲您的利益提供的所有支付或福利,無論根據本信函協議或其他任何條款支付或可支付或分發或可分發的(下文統稱爲“全部支付”),將(全部或部分)受到《1986年稅收法典》修正案第4999節規定的課徵的財產及福利稅或《法典》第280G節規定,公司或其任何子公司或聯屬公司均不可憑藉此遞減的,消費稅”給出的徵收的企業所得稅(“代碼”)或公司或其任何子公司或聯屬公司根據《法典》第280G節不得扣除扣除損失),則應將總付款(按照隨後段落所規定的順序)減少至避免對總付款和扣除損失徵收附加稅所必需的最小程度,但僅在以下條件下:(i) 在進行上述減少後,該總付款的淨額(減去減少後的總付款上的聯邦、州和地方所得稅和就業稅的淨額)大於或等於(ii) 在未進行減少的情況下的總付款淨額(但在扣除了聯邦、 州和地方所得稅及就業稅後,並扣除您在未減少總付款時將對未減少總付款應納附加稅的金額)。您須簽署任何放棄或其他文件,並採取公司要求的所有其他行動,以承認根據本段所執行的減少。

 

這個 總補助金應按以下順序減少:(i) 按比例減少任何免稅的現金遣散費 摘自《守則》第 409A 條 (”第 409A 節”),(ii)按比例減少任何非現金遣散費 或不受第 409A、(iii) 條約束的福利,按比例減少任何其他免稅款項或福利 來自第 409A 條,以及 (iv) 減少按比例或以其他方式支付給您的任何款項或福利 符合第 409A 條; 提供的,就第 (ii)、(iii) 和 (iv) 款而言,任何付款的減少歸因於 加速歸屬公司股權獎勵應首先適用於本應最後歸屬的公司股權獎勵 及時地。

 

公司將就上述事項做出所有決定,這些決定將是最終、具有約束力和決定性的,公司、您和所有其他利害關係人。

 

如果後來確認爲了實現上述目的和意圖,(i)應當對總支付額作出更大幅度減少,超額部分將由您迅速退還給公司;或者(ii)應當對總支付額作出更小幅度減少,超額部分將由公司迅速支付或提供給您,但在公司合理判斷將導致根據第409A條款課徵處罰性稅款的情況下,除外。

 

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錯誤發放的補償的收回根據納斯達克證券交易所的上市標準和相關要求,公司已採納追回政策(“回收政策”)。您承認並同意:(i)您應受制於並遵守當前存在的追回政策條款;(ii)追回政策可不時修訂或重述,您應受制於並遵守隨時間可能變化的追回政策條款;(iii)您應配合並應及時歸還公司認定受追回政策約束的任何基於激勵的補償;及(iv)公司根據任何法律、政府法規或證券交易所上市要求規定應予追回的基於激勵或其他支付給您的任何補償將須遵守該法律、政府法規或證券交易所上市要求可能要求的扣除和追回。

 

其他事項此優惠視乎公司認爲必要的獨立性和衝突檢查順利完成而決定 (“其他預期情況”).

 

部分 409A: 雙方的意圖是使本信函協議下的付款和福利符合或不受本節的約束 409A,因此,在允許的最大範圍內,本信函協議應解釋爲豁免或符合規定 隨之而來。儘管本信函協議中有任何相反的規定,但根據本信函應付的任何薪酬或福利 根據第 409A 條被視爲不合格遞延薪酬且在本信函協議中指定爲應付薪酬的協議 在您終止僱傭關係時,只有當您在本公司 「離職」 時才應支付工資 第 409A (a) 條的含義”離職”)。儘管本信函協議中有任何相反的規定, 如果您在離職時被公司視爲出於以下目的的 「特定員工」 第 409A 條,在延遲生效的範圍內,您根據本信函協議有權享受的任何部分福利 是爲了避免第 409A 條規定的禁止分配,不得向您提供該部分福利 在 (A) 以較早者爲準,從你離職之日起算的六 (6) 個月期限到期 公司或 (B) 您的死亡日期。在適用的第 409A 條期限到期後的第一個工作日內,所有 根據前一句話延期的款項應一次性支付給您(或您的遺產或受益人),以及任何剩餘的款項 根據本信函協議應付給您的款項應按此處另行規定支付。您有權獲得任何分期付款 根據本信函協議,包括但不限於在公司工資發放日支付的任何延續工資, 應被視爲獲得一系列單獨付款的權利,因此,每筆此類分期付款應始終如一 被視爲第 409A 條允許的單獨和獨特的付款。

 

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雜項:

 

通過在下方簽署本信函協議,您承認並同意公司中任何人都沒有向您提出與本信函協議所規定的條款有所不同的陳述。本信函協議的條款連同於本日期前後簽訂的員工契約協議,將取代一切之前的協議、諒解和陳述(無論是書面還是口頭),涉及您的僱傭條款;但是,您此前收到的任何股權獎勵將根據其條款繼續生效。除非經您和公司書面並簽字,否則對本信函協議中所載條款的修改、修訂、補充或棄權(或其附件)均不具約束力。公司有權將本信函協議轉讓給其任何關聯公司、繼承者和受讓人,您將不有資格獲得任何額外報酬。公司或董事會在此項下做出的所有決定、解釋、授權行使或其他行動將由公司、董事會或相應委員會以其唯一和絕對酌情進行。本信函協議可分爲兩個或更多部分進行簽署,每部分均爲原件,所有部分共同構成一份文件。 附錄 A 他的)除非經您和公司書面並簽字,否則對本信函協議中所載條款的修改、修訂、補充或棄權(或其附件)均不具約束力。公司有權將本信函協議轉讓給其任何關聯公司、繼承者和受讓人,您將不有資格獲得任何額外報酬。公司或董事會在此項下做出的所有決定、解釋、授權行使或其他行動將由公司、董事會或相應委員會以其唯一和絕對酌情進行。本信函協議可分爲兩個或更多部分進行簽署,每部分均爲原件,所有部分共同構成一份文件。

 

本《信函協議》應依據德克薩斯州法律的實體法規進行管理、解釋和執行,不涉及德克薩斯州或任何可能導致適用除德克薩斯州外其他司法轄區法律原則,並在適用時,適用美國法律。任何關於本《信函協議》或僱員契約協議引起的爭議、索賠或爭議,應通過達拉斯縣JAMS管理的強制仲裁程序來解決。此類仲裁應根據現行就業仲裁規則,在一名獨立仲裁員主持下進行。公司和您各自對與任何此類仲裁相關的律師費和費用負責。仲裁員做出的決定對所有參與仲裁的各方具有約束力,除非依據《聯邦仲裁法》規定,不得上訴。這些仲裁程序旨在成爲解決有關本《信函協議》或相關事項產生的任何索賠或糾紛的唯一方法;但任何尋求就違反或擬違反本信函協議尋求禁令救濟的一方應在達拉斯德克薩斯州內的具有管轄權的州或聯邦法庭提出。尋求臨時緊急救濟的申請,或法庭考慮是否授予該救濟,均不應構成(i)放棄根據此條款追究仲裁權利或(ii)推遲仲裁員的任命或仲裁程序的進行。您明知、自願並明確放棄發起、參與或獲得任何類別、集體或代表性訴訟中的金錢或任何其他形式的救濟的所有權利,並同意每個仲裁程序應按個別基礎進行。各方確認並同意,就有關本信函協議或與您的僱傭或其終止相關的任何糾紛發生的任何爭議,他們放棄了在陪審團審理權利。

 

[簽名 頁面跟隨]

 

-6-
 

 

爲接受此優惠,請在2024年10月14日之前在下方簽署此信函協議和員工契約協議。

 

此致敬禮,  
   
應用數字公司  
     
打印 名字: 韋斯 康明斯  

 

簽字: /s/ 韋斯·康明斯  

 

職務: 首席執行官  

 

日期: 10/15/2024  

 

接受:  
     
Mohammad Saidal LaVanway Mohmand  
姓名: Mohammad Saidal LaVanway Mohmand  
日期: 10/14/2024  

 

-7-
 

 

展覽A

 

僱員 契約協議

 

附件。

 

-8-
 

 

員工 保密、發明權劃轉和

 

限制性 契約協議

 

作爲繼續在內華達州公司應用數字公司及其子公司、關聯公司、繼承人或受讓人(統稱“公司”)的僱傭狀態,爲了我持續的僱傭以及因該持續僱傭而給予我的報酬和福利,我正在簽訂這份員工保密、發明專利轉讓和限制約定協議(本“協議”).

 

陳述和保證;契約。

 

沒有與任何其他協議或義務發生衝突。 我聲明並保證我沒有受任何可能與本協議產生衝突的協議或安排的約束。除了在本協議附錄中描述的任何義務之外(如果沒有列出,則我聲明沒有任何),我沒有任何關於之前參與、就業或交往中所了解的所有權、祕密或機密信息的保密、機密、非競爭或其他類似義務,也沒有任何要求向任何其他人分配任何類型的貢獻或發明。我不應向公司披露或誘使該公司使用任何屬於他人的專有、商業祕密或機密信息或資料。 附錄 A 附屬於本協議的(如果沒有列出,則我聲明沒有)除外,我沒有任何關於之前參與、就業或交往中所了解的所有權、祕密或機密信息的保密、機密、非競爭或其他類似義務的要求,也沒有任何義務將任何貢獻或發明分配給任何其他人。我不應向公司披露或誘使公司使用任何屬於他人的專有、商業祕密或機密信息或資料。

 

不 侵犯第三方知識產權。 本人聲明並保證,在下文第3節中定義的發明 不會侵犯任何第三方的專利、版權、商業祕密或其他專有權利。

 

保密 信息。

 

機密信息的定義。 保密信息”包括無論是否明確標記爲機密的所有機密的非公開或專有信息或商業祕密,由於我在公司的僱傭或服務導致而向我透露或爲我所學,包括但不限於公司視爲機密的任何第三方信息,以及由於我僱傭或服務於公司的結果而我學到的任何信息。機密信息包括但不限於以下類型的信息及其他類似性質的信息:(i) 公司的生產技術、設計、概念、圖紙、想法、知識產權、發明、規格、模型、研究、開發、流程、程序、商業祕密、專有技術、新產品或新技術信息、設計、產品設計、客戶名稱及與客戶相關的其他信息、員工信息、定價政策、財務信息、業務計劃、計算機程序(無論是源代碼還是目標代碼)、策略、方法、系統、發明、生產方法和來源、營銷和銷售信息、從他人處接收的公司有義務視爲機密或專有的信息。(ii) 與爲人工智能應用提供高性能計算能力的雲產品和服務有關的信息(包括但不限於大型語言模型的訓練、推理和圖形渲染等,包括但不限於書籍和記錄)、聲明(財務或其他)、組織和管理文件、軟件程序、應用程序和數據庫、現有或潛在交易對手(包括但不限於放貸人、投資者、客戶、出租人、地主、僱員、銷售代表、獨立或其他承包方和其他商業夥伴和服務提供方)的名單(及協議、合同、條款、安排和與之進行的談判)、分析、報告、研究(行業、市場、產品或其他)、預測、投影、生產線、預算、備忘錄、編譯物(iii) 以及與公司、其業務、潛在業務、運營或財務相關的具有商業價值的任何其他技術、運營、財務和其他業務信息,或公司客戶的業務,我可能在爲公司工作期間獲得或開發知識,或在未來可能在爲公司工作期間是否會獲取或開發知識,或從同事那裏得到的信息。(iv) 任何可被標記或以其他方式標識爲機密或專有的信息,或以其他方式對於合理人似乎在了解或使用信息的情境和環境中而言是機密或專有的信息。

 

-9-
 

 

保護 機密信息.

 

我 將只在履行公司職責的過程中使用機密信息。

 

我在與公司的任職期間及任職結束後,不會直接或間接地披露機密信息,除非經公司授權的人員。

 

我在任職公司期間及任職結束後,不會以任何方式直接或間接使用機密信息,不會爲了個人利益、其他人或實體的利益,或以任何有損於公司利益的方式使用。

 

我將採取一切合理必要的行動,以防止機密信息被未經公司授權的任何人披露。

 

我承認在本協議項下,我對保密信息的保密和不使用義務將持續,直到我能夠證明該信息已經或已成爲公衆可隨意獲取、無限制地使用,而這不是我的過錯(包括違反本協議),或者如果法院要求縮短時效,則法律允許的最長時間將控制。

 

Permitted disclosures. Notwithstanding anything to the contrary contained herein, (i) nothing in this Agreement prohibits me from reporting possible violations of federal law or regulation to any United States governmental agency or entity in accordance with the provisions of and rules promulgated under Section 21F of the Securities Exchange Act of 1934 or Section 806 of the Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of state or federal law or regulation (including the right to receive an award for information provided to any such government agencies), and (ii) this Agreement is not intended to, and shall not, in any way prohibit, limit or otherwise interfere with my protected rights under federal, state or local law to, without notice to the Company: (A) communicate or file a charge with or provide information to a government regulator, such as, by way of example and not limitation, the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or any other self-regulatory organization; (B) participate in an investigation or proceeding conducted by a government regulator; (C) receive an award paid by a government regulator for providing information; or (D) otherwise engage in activity protected by applicable whistleblower laws. I further acknowledge that pursuant to the Defend Trade Secrets Act, 18 USC Sections 1833(b)(1) and (2): (a) I will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret if (i) I make such disclosure in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney and such disclosure is made solely for the purpose of reporting or investigating a suspected violation of law; or (ii) I make such disclosure in a complaint or other document filed in a lawsuit or other proceeding if such filing is made under seal; and (b) if an individual files a lawsuit for retaliation by an employer for reporting suspected violation of law, the individual may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (i) files any document containing the trade secret under seal; and (ii) does not disclose the trade secret, except pursuant to court order.

 

-10-
 

 

保密信息的歸還。 當我與公司的僱傭關係終止時,無論出於任何原因或無原因,在我任職期間的任何時間,一經要求,我將立即且無需公司的要求提供或歸還給公司任何和所有公司財產,包括鑰匙,鑰匙卡,門禁卡,身份證,安防設備,公司信用卡,網絡訪問設備,電腦,手機,智能手機,PDA,傳呼機,傳真機,設備,揚聲器,網絡攝像頭,手冊,報告,文件,書籍,編譯,工作成果,電子郵件,記錄,磁帶,盤片,U盤,或其他可移動信息存儲設備,硬盤和所有屬於公司並以任何方式存儲的公司文件和資料,包括但不限於那些構成或包含任何保密信息的資料,不論是由公司提供給我的還是在我與公司的僱傭關係中我創建的;以及刪除或銷燬所有這些未歸還給公司並仍由我控制的文件和資料的副本,包括存儲在我控制或具有任何非公司設備,在我控制中的網絡,存儲位置和介質上的資料。我同意,我在公司名義開設,操作或參與的任何社交媒體或其他電子帳戶均構成公司財產,我同意我將在任職期間或之後任何時間應公司要求提供所有訪問代碼,密碼和管理員權限給公司。假如我離開公司,我特此同意公司可通知我的新僱主有關本協議下的我的權利和義務。

 

當事方

 

發明的定義術語“發明” 包括:

 

貢獻 和發明、發現、創作、發展、改進、作品以及想法(無論是否可以申請專利或受版權法保護)以及自從我開始在公司工作的日期起,由我獨自或與他人在受僱於公司的期間構思、創作、開發或付諸實踐的任何形式的作品;這些作品可能是:(i) 在正常工作時間或在我在公司、附屬公司或客戶設施或自己的設施處工作期間構思的;或 (ii) 無論它們是在正常工作時間或在我工作的地點構思或製作的,它們是直接或間接與公司的業務或潛在業務有關的,源自公司分配給我的任務,或者是利用公司的資源、設施或材料構思或製作的。

 

所有專利、專利申請、版權、商業祕密、商標、域名及其他全球知識產權,涉及前述任何內容。

 

-11-
 

 

這個 術語”發明” 明確排除符合以下條件的任何發明:(i)根據法律(包括但不限於適用的發明) 我的就業狀況的法定條款載於 附錄 C,如果有的話)不能要求我轉讓;或(ii)發明 我完全靠自己的時間開發,沒有使用任何公司設備、用品、設施或商業祕密信息,除非 (1) 該發明在構思或歸結爲實踐時與(x)公司的業務有關,或(y) 公司的實際或顯而易見的研究或開發,或 (2) 本發明源於所做的任何工作 我爲公司做的但是,如果我相信我在任期內創造的任何發明、著作權或其他物品 我的工作不在發明的定義範圍內,我將向公司披露,以便公司進行評估 是否屬於本協議中發明的定義。

 

所有發明均爲公司的專有財產.

 

我將及時向公司授權人員完整披露所有發明。未經公司明確事先書面指示,我不會向任何人披露任何發明,除非是公司授權的人員或者根據法律規定。

 

所有發明將被視爲《美國版權法》中使用的「委託作品」並且完全歸公司所有,從構思開始。我在此明確放棄對所有發明的任何權益。至於任何發明的所有權或包括任何發明的任何材料在法律上被認定不屬於「委託作品」,我在此不可撤銷地將該發明的所有權、標題和權益全部轉讓給公司。在我與公司的僱傭期間或之後,只要公司要求,我將簽署任何必要的書面轉讓文件,以正式證明我不可撤銷地將任何發明轉讓給公司。

 

在我與公司的任職期間或任職結束後的所有時間裏,我將協助公司在美國和其他任何國家爲任何發明取得、完善、維護和更新專利、版權、商標以及其他適當的保護,費用由公司承擔。

 

如果公司無法獲得我的簽名,我在此不可撤銷地指定並任命公司及其各經授權的官員和代理人爲我的代理人和代表,代表我簽署並提交任何此類文件,並進行所有其他合法行爲以推動專利、版權或其他權利或保護的申請、頒發和執行,效力與我親自簽署此類文件一樣。

 

-12-
 

 

在本協議項下任何版權被轉讓的範圍內,我在法律許可範圍內特此不可撤銷地放棄,我現在或將來在任何司法管轄區可能擁有的關於所有發明和所有知識產權的來源、完整性、披露、撤回以及其他被稱爲「道德權利」的權利。

 

之前 發明。 我承認第三部分要求我向公司轉讓發明可能不適用於我所在就業州中規定的任何發明 展覽 C如果有的話,它規定了我不需要被要求轉讓。我承認我已閱讀了 展覽 C 在我簽署本協議之前,我會遵守本第3部分的規定,並披露我認爲不需要根據本協議進行轉讓的任何發明,根據州法律或其他相關法規,以便公司進行評估。在 附件B 附件中 我已包括一個完整清單,並附上非保密描述,並限於我在加入公司之前製作或構思的任何發明、想法、報告和其他創意作品,每種情況僅限於我所有或我控制的實體所有的項目,或我或我控制的實體可能向他人授權的項目(統稱“先前發明如果沒有附上這樣的列表,我聲明並保證沒有這樣的先前發明。我打算列表上的項目以及僅列出的項目應該從本協議規定的限制中排除。我不會主張任何關於在加入公司之前我製作、構想或取得任何發明的權利、所有權或利益,除非我已在附上的文件中明確標明瞭該發明。 附件B如果任何先前發明被合併到任何發明中或對任何發明的使用是必需的,我在此授予公司對先前發明的所有知識產權和其他權利的無限制、永久、不可撤銷、可轉讓、全球性、免費的、已支付的、非排他性許可,有權通過多個層級授予再許可的權利,用於生產、委託生產、使用、銷售、提供銷售、進口、複製、準備衍生作品、分發、執行、展示和完全開發以及複製先前發明及任何根據、合併或使用先前發明而衍生、包含或使用的產品、服務、方法、工藝、技術和其他項目,用於商業、內部業務和所有其他目的。

 

限制性 契約。

 

Definitions

 

Business Partner” means any of the Company’s customers, clients, members, suppliers, or business partners or relations.

 

Competitive Business” means, directly or indirectly, (i) the business of (A) acquiring, owning, operating, managing and monetizing digital infrastructure solution businesses for high performance computing applications and (B) acquiring real estate and design, developing and operating thereon data centers to provide digital infrastructure solutions for high performance computing applications, and or (ii) a person or division or unit of a larger enterprise engaged in the same, similar, or other additional lines of business in which the Company engages or has taken active steps to engage based on discussions or actions taken by or among senior management or the Board of Directors of the Company during my employment up to the date of termination of my employment hereunder.

 

-13-
 

 

Prohibited Activity” is activity in which I contribute my knowledge, directly or indirectly, in whole or in part, as an employee, employer, owner, operator, manager, advisor, consultant, agent, partner, director, stockholder, officer, volunteer, intern or any other similar capacity to (i) a person or entity engaged in the same or similar business as the Company, including those engaged in a Competitive Business, or (ii) any activity that may require or inevitably require disclosure of trade secrets, proprietary information or Confidential Information.

 

Restricted Area” means any geographic location (i) where I performed direct, substantive services for any of the Company’s customers, (ii) in which I provided services to the Company, or (iii) where my use or disclosure of Confidential Information could disadvantage the Company.

 

Restricted Period” means the period of employment and twelve (12) months following the termination of employment for any reason.

 

Obligations During Employment. To protect the legitimate business interests of the Company and in consideration of the Company’s willingness to provide to me access to its Confidential Information, customer relationships and goodwill, I agree that during the term of employment with the Company, I will not directly or indirectly, whether as employee, owner, sole proprietor, partner, shareholder, director, member, consultant, agent, founder, co-venture partner or otherwise, (a) do anything to divert or attempt to divert from the Company any business of any kind, including, without limitation, solicit or interfere with any of the Company’s Business Partners with whom I performed direct, substantive services during my employment or as to whom I had access to Confidential Information where my use or disclosure of Confidential Information could disadvantage the Company, (b) solicit, induce, recruit or encourage any person engaged or employed by the Company to terminate his or her employment or engagement, (c) engage in Prohibited Activity, or (d) become employed by, engage, invest or participate in any Competitive Business, provided, however, that I may own, as a passive investor, publicly-traded securities of any corporation that competes with the business of the Company so long as such securities do not, in the aggregate, constitute more than two percent (2%) of any class of outstanding securities of such corporations.

 

Post-Employment Non-Solicitation Obligations. To protect the legitimate business interests of the Company and in consideration of the Company’s willingness to provide to me access to its Confidential Information, customer relationships and goodwill, I agree that during the Restricted Period and in the Restricted Area, I will not directly or indirectly, whether as employee, owner, sole proprietor, partner, shareholder, director, member, consultant, agent, founder, co-venture partner or otherwise, (a) do anything to divert or attempt to divert from the Company any business of any kind, including, without limitation, solicit or interfere with any of the Company’s Business Partners with whom I performed direct, substantive services during my employment or as to whom I had access to Confidential Information where my use or disclosure of Confidential Information could disadvantage the Company, or (b) solicit, induce, recruit or encourage any person engaged or employed by the Company who had access to Confidential Information to terminate his or her employment or engagement. This restriction in 4.3(a) shall not apply with respect to any Business Partner with whom I can demonstrate I had a pre-existing relationship prior to my employment with the Company. THIS SECTION 4.3 SHALL NOT APPLY AS SET FORTH IN, AND/OR SHALL BE LIMITED BY ANY APPLICABLE LIMITATION LISTED ON, EXHIBIT D.

 

-14-
 

 

Post-Employment Non-Competition Obligations. To protect the Company’s legitimate protectable interests in, among other things, the Company’s Confidential Information, customer relationships and goodwill, I agree that during the Restricted Period and in the Restricted Area, I shall not, directly or indirectly, become employed by, engage with (as a consultant, advisor or otherwise), invest in or otherwise own or participate in any Competitive Business in any capacity in which the Company’s Confidential Information would reasonably be considered useful to the competitor or would enable the other third party to become a competitor of the Company, provided, however, that I may own, as a passive investor, publicly-traded securities of any corporation that competes with the business of the Company so long as such securities do not, in the aggregate, constitute more than two percent (2%) of any class of outstanding securities of such corporations. THIS SECTION 4.4 SHALL NOT APPLY AS SET FORTH IN, AND/OR SHALL BE LIMITED BY ANY APPLICABLE LIMITATIONS LISTED ON, EXHIBIT D.

 

Reformation of Prohibited Terms. Any term contained in this Section 4 shall be deemed modified, blue-penciled, and/or stricken from the Agreement to the extent necessary if I work in a state where such restriction is prohibited by applicable law.

 

Covenant of Non-Disparagement. Unless authorized by law, I will not at any time, either during or after my employment with the Company, disparage the reputation of the Company, its customers, and/or its or their respective affiliates or any of its or their respective officers, directors, employees or agents. Nothing in this Agreement shall be deemed to prohibit me from (a) discussing or disclosing information about unlawful acts in the workplace, such as harassment or discrimination or any other conduct that I have reason to believe is unlawful or (b) exercising my rights under Section 7 of the National Labor Relations Act.

 

Miscellaneous.

 

Interpretation and Scope of this Agreement. Each provision of this Agreement shall be interpreted on its own. If any provision is held to be unenforceable as written, including but not limited to being too broad as to the period of time, territory, and/or scope, then, and in that event, such provision will nonetheless remain valid and fully effective, but will be considered to be amended so that the period of time, territory, and/or scope set forth will be changed to be the maximum period of time, the largest territory, and/or the broadest scope, as the case may be, that would be found enforceable by such court or arbitrator. In the event that one or more of the provisions contained in this Agreement shall for any reason be held unenforceable in any respect under the law of any state of the United States or the United States, then it shall (a) be enforced to the fullest extent permitted under applicable law and (b) such unenforceability shall not affect any other provision of this Agreement, but this Agreement shall then be construed as if such unenforceable portion(s) had never been contained herein.

 

Remedies. I understand and agree that if I breach or threaten to breach any of the provisions of this Agreement the Company would suffer immediate and irreparable harm and that monetary damages would be an inadequate remedy. I agree that, in the event of my breach or threatened breach of any of the provisions of this Agreement, the Company shall have the right to seek relief from a court to restrain me (on a temporary, preliminary and permanent basis) from using or disclosing Company Confidential Information or Inventions or otherwise violating the provisions of this Agreement, and that any such restraint shall be in addition to (and not instead of) any and all other remedies to which the Company shall be entitled, including money damages. The Company shall not be required to post a bond to secure against an imprudently granted injunction (whether temporary, preliminary or permanent). In addition, and not instead of those rights, I further covenant that I shall be responsible for payment of the fees and expenses of the Company’s attorneys and experts, as well as the Company’s court costs, pertaining to any suit, arbitration, mediation, action or other proceeding, including the costs of any investigation related thereto, arising directly or indirectly out of my violation or threatened violation of any of the provisions of this Agreement.

 

-15-
 

 

Reasonableness of Covenants. I understand that the nature of my position gives me access to and knowledge of Confidential Information and places me in a position of trust and confidence with the Company. I understand and acknowledge that the services I provide to the Company are unique, special or extraordinary because of my educational background, technical expertise, knowledge of the industry, and relationships with potential clients and vendors related to Company’s business. I further understand and acknowledge that the Company’s ability to reserve these for the exclusive knowledge and use of the Company is of great competitive importance and commercial value to the Company, and that improper use or disclosure by me is likely to result in unfair or unlawful competitive activity. I acknowledge and agree that the restrictions that are set forth in this Agreement and the location and period of time for which such restrictions apply are reasonable and necessary to protect the Company’s legitimate business interests and shall survive the termination of my employment. I further acknowledge that the restrictions contained in this Agreement will not prevent me from earning a livelihood during the applicable period of restriction.

 

Governing Law; Disputes. This Agreement (together with any and all modifications, extensions and amendments of it) and any and all matters arising directly or indirectly herefrom shall be governed by and construed and enforced in accordance with the internal laws of the State of Texas applicable to agreements made and to be performed entirely in such state, without giving effect to the conflict or choice of law principles thereof. Any controversy, claim or dispute arising out of or relating to this Agreement shall be resolved by arbitration in accordance with the terms and conditions of the Letter Agreement to which this Agreement is attached as Exhibit A.

 

Entire Agreement; Amendments and Waivers. This Agreement (including the exhibits attached hereto) represents the entire understanding and agreement among the parties hereto with respect to the subject matter hereof and can be amended, supplemented, or changed and any provision hereof can be waived, only by written instrument signed by the party against whom enforcement of any such amendment, supplement, change or waiver is sought. Notwithstanding the foregoing, (i) nothing in this Agreement shall amend, alter, or modify the terms and conditions of any invention (or similar) assignment or agreement I have previously signed or been bound by with respect to the Company, and (ii) without limitation of the immediately preceding clause (i), in the event of any conflict between this Agreement and any other agreement I have signed or hereafter sign containing terms that are more expansive or otherwise more favorable to the Company, including, without limitation, with respect to scope or duration, the more expansive provisions shall control.

 

-16-
 

 

Captions. The captions and section headings in this Agreement are included solely for convenience of reference and are not intended to affect the interpretation of any provision of this Agreement.

 

Counterparts; Binding Effect. This Agreement may be executed in counterparts, each of which shall be deemed an original agreement, but all of which together shall constitute one and the same agreement. Except as otherwise expressly provided herein, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

 

Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) business day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications to me shall be sent to me at my address as set forth on the signature page of this Agreement, or in the Company’s records, or to such e-mail address, facsimile number or address as subsequently modified by written notice given in accordance with this Section and all notices to the Company shall be provided to the Company’s headquarters, attention CEO.

 

Electronic Monitoring Notice. I have been advised that, upon my hire, any and all telephone conversations or transmissions, electronic mail or transmissions, or internet access or usage by me by any electronic device or system, including but not limited to the use of computer, telephone, wire, radio, or electromagnetic, photo electronic, or photo-optical systems, may be subject to monitoring by the Company at any and all times and by any lawful means.

 

[Signature Page Follows]

 

-17-
 

 

By signing this Agreement below, (1) I agree to be bound by each of its terms, (2) I acknowledge that I have read and understand this Agreement and the important restrictions it imposes upon me, and (3) I represent and warrant to the Company that I have had ample and reasonable opportunity to consult with legal counsel of my own choosing to review this Agreement and understand its terms, including that it places significant restrictions on me.

 

EMPLOYEE:  
     
By: /s/Mohammad Saidal LaVanway Mohmand  
     
Name: Mohammad Saidal LaVanway Mohmand  

 

Address:
                  
   
   
   

 

Date: 10/14/2024  

 

Accepted by Company:

 

Applied Digital Corporation  
     
By: /s/ Wes Cummins  
     
Name: Wes Cummins  
     
Title: Chief Executive Officer  
     
Dated: 10/15/2024  

 

[Signature Page to Employee Non-Disclosure, Invention Assignment and Restrictive Covenants Agreement]

 

 
 

 

EXHIBIT A

 

Obligations to Other Persons:

[Securely attach additional pages if necessary]

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

[If this exhibit is left blank, the employee shall be deemed to represent that he/she does not have any non-disclosure, confidentiality, non-competition or other similar obligations to any other person concerning proprietary, secret or confidential information that he/she learned of during any previous engagement, employment or association nor has he/she had any obligation to assign contributions or inventions of any kind to any other person.]

 

Exhibit A-1

 

 
 

 

EXHIBIT B

 

With respect to the assignment of rights and inventions, I have read the applicable statutory provision for my state of employment set forth in Exhibit C of this Agreement (if any). On this Exhibit B, I have included a complete list, with nonconfidential descriptions, of any inventions, ideas, reports and other creative works that I made or conceived prior to my employment with the Company.

 

Prior Inventions:

[Securely attach additional pages if necessary]

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

[If this exhibit is left blank, the employee shall be deemed to represent that he/she does not have any Prior Inventions.]

 

EXHIBIT B-1

 

 
 

 

EXHIBIT C

(This supplements Section 3 of the Agreement)

 

If I am employed by the Company in the State of California, the following provision applies:

 

California Labor Code Section 2870. Application of provision providing that employee shall assign or offer to assign rights in invention to employer.

 

(a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either:

 

  (1) Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or
     
  (2) Result from any work performed by the employee for his employer.

 

(b) To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.

 

If I am employed by the Company in the State of Delaware, the following provision applies:

 

Delaware Code, Title 19, § 805. Employee’s right to certain inventions.

 

Any provision in an employment agreement which provides that the employee shall assign or offer to assign any of the employee’s rights in an invention to the employee’s employer shall not apply to an invention that the employee developed entirely on the employee’s own time without using the employer’s equipment, supplies, facility or trade secret information, except for those inventions that: (i) relate to the employer’s business or actual or demonstrably anticipated research or development, or (ii) result from any work performed by the employee for the employer. To the extent a provision in an employment agreement purports to apply to the type of invention described, it is against the public policy of this State and is unenforceable. An employer may not require a provision of an employment agreement made unenforceable under this section as a condition of employment or continued employment.

 

If I am employed by the Company in the State of Illinois, the following provision applies:

 

Illinois Compiled Statutes Chapter 765, Section 1060/2.

 

Sec. 2. Employee rights to inventions - conditions.

 

(1) A provision in an employment agreement which provides that an employee shall assign or offer to assign any of the employee’s rights in an invention to the employer does not apply to an invention for which no equipment, supplies, facilities, or trade secret information of the employer was used and which was developed entirely on the employee’s own time, unless (a) the invention relates (i) to the business of the employer, or (ii) to the employer’s actual or demonstrably anticipated research or development, or (b) the invention results from any work performed by the employee for the employer. Any provision which purports to apply to such an invention is to that extent against the public policy of this State and is to that extent void and unenforceable. The employee shall bear the burden of proof in establishing that his invention qualifies under this subsection.

 

(2) An employer shall not require a provision made void and unenforceable by subsection (1) of this Section as a condition of employment or continuing employment. This Act shall not preempt existing common law applicable to any shop rights of employers with respect to employees who have not signed an employment agreement.

 

(3) If an employment agreement entered into after January 1, 1984, contains a provision requiring the employee to assign any of the employee’s rights in any invention to the employer, the employer must also, at the time the agreement is made, provide a written notification to the employee that the agreement does not apply to an invention for which no equipment, supplies, facility, or trade secret information of the employer was used and which was developed entirely on the employee’s own time, unless (a) the invention relates (i) to the business of the employer, or (ii) to the employer’s actual or demonstrably anticipated research or development, or (b) the invention results from any work performed by the employee for the employer.

 

EXHIBIT C-1

 

 
 

 

If I am employed by the Company in the State of Kansas, the following provision applies:

 

Chapter 44.—LABOR AND INDUSTRIES

 

Article 1.—PROTECTION OF EMPLOYEES

 

44-130. Employment agreements assigning employee rights in inventions to employer; restrictions; certain provisions void; notice and disclosure.

 

(a) Any provision in an employment agreement which provides that an employee shall assign or offer to assign any of the employee’s rights in an invention to the employer shall not apply to an invention for which no equipment, supplies, facilities or trade secret information of the employer was used and which was developed entirely on the employee’s own time, unless:

 

  (1) The invention relates to the business of the employer or to the employer’s actual or demonstrably anticipated research or development; or
     
  (2) the invention results from any work performed by the employee for the employer.

 

(b) Any provision in an employment agreement which purports to apply to an invention which it is prohibited from applying to under subsection (a), is to that extent against the public policy of this state and is to that extent void and unenforceable. No employer shall require a provision made void and unenforceable by this section as a condition of employment or continuing employment.

 

(c) If an employment agreement contains a provision requiring the employee to assign any of the employee’s rights in any invention to the employer, the employer shall provide, at the time the agreement is made, a written notification to the employee that the agreement does not apply to an invention for which no equipment, supplies, facility or trade secret information of the employer was used and which was developed entirely on the employee’s own time, unless:

 

  (1) The invention relates directly to the business of the employer or to the employer’s actual or demonstrably anticipated research or development; or
     
  (2) the invention results from any work performed by the employee for the employer.

 

(d) Even though the employee meets the burden of proving the conditions specified in this section, the employee shall disclose, at the time of employment or thereafter, all inventions being developed by the employee, for the purpose of determining employer and employee rights in an invention.

 

If I am employed by the Company in the State of Minnesota, the following provision applies:

 

Minnesota Statute Section 181.78. Subdivision 1.

 

Inventions not related to employment. Any provision in an employment agreement which provides that an employee shall assign or offer to assign any of the employee’s rights in an invention to the employer shall not apply to an invention for which no equipment, supplies, facility or trade secret information of the employer was used and which was developed entirely on the employee’s own time, and (1) which does not relate (a) directly to the business of the employer or (b) to the employer’s actual or demonstrably anticipated research or development, or (2) which does not result from any work performed by the employee for the employer. Any provision which purports to apply to such an invention is to that extent against the public policy of this state and is to that extent void and unenforceable.

 

If I am employed by the Company in the State of New Jersey, the following provision applies:

 

New Jersey Statutes Section 34:1B-265.

 

1.a.(1) Any provision in an employment contract between an employee and employer, which provides that the employee shall assign or offer to assign any of the employee’s rights to an invention to that employer, shall not apply to an invention that the employee develops entirely on the employee’s own time, and without using the employer’s equipment, supplies, facilities or information, including any trade secret information, except for those inventions that: (a) relate to the employer’s business or actual or demonstrably anticipated research or development; or (b) result from any work performed by the employee on behalf of the employer.

 

EXHIBIT C-2

 

 
 

 

If I am employed by the Company in the State of New York, the following provision applies:

 

New York Labor Law Section 203-f

 

1. Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either:

 

(a) relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or

 

(b) result from any work performed by the employee for the employer.

 

2. To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision one of this section, such provision is against the public policy of this state and shall be unenforceable.

 

If I am employed by the Company in the State of North Carolina, the following provision applies:

 

North Carolina General Statutes Section 66-57.1.

 

EMPLOYEE’S RIGHT TO CERTAIN INVENTIONS

 

Any provision in an employment agreement which provides that the employees shall assign or offer to assign any of his rights in an invention to his employer shall not apply to an invention that the employee developed entirely on his own time without using the employer’s equipment, supplies, facility or trade secret information except for those inventions that (i) relate to the employer’s business or actual or demonstrably anticipated research or development, or (ii) result from any work performed by the employee for the employer. To the extent a provision in an employment agreement purports to apply to the type of invention described, it is against the public policy of this State and in unenforceable. The employee shall bear the burden of proof in establishing that his invention qualifies under this section.

 

If I am employed by the Company in the State of Utah, the following provision applies:

 

Utah Code, §§ 34-39-2 and 34-39-3

 

34-39-2. Definitions.

 

As used in this chapter:

 

(1) “Employment invention” means any invention or part thereof conceived, developed, reduced to practice, or created by an employee which is:

 

(a) conceived, developed, reduced to practice, or created by the employee:

 

  (i) within the scope of his employment;
     
  (ii) on his employer’s time; or
     
  (iii) with the aid, assistance, or use of any of his employer’s property, equipment, facilities, supplies, resources, or intellectual property;

 

(b) the result of any work, services, or duties performed by an employee for his employer;

 

(c) related to the industry or trade of the employer; or

 

(d) related to the current or demonstrably anticipated business, research, or development of the employer.

 

(2) “Intellectual property” means any and all patents, trade secrets, know-how, technology, confidential information, ideas, copyrights, trademarks, and service marks and any and all rights, applications, and registrations relating to them.

 

EXHIBIT C-3

 

 
 

 

34-39-3. Scope of act — When agreements between an employee and employer are enforceable or unenforceable with respect to employment inventions — Exceptions.

 

(1) An employment agreement between an employee and his employer is not enforceable against the employee to the extent that the agreement requires the employee to assign or license, or to offer to assign or license, to the employer any right or intellectual property in or to an invention that is:

 

  (a) created by the employee entirely on his own time; and
     
  (b) not an employment invention.

 

(2) An agreement between an employee and his employer may require the employee to assign or license, or to offer to assign or license, to his employer any or all of his rights and intellectual property in or to an employment invention.

 

(3) Subsection (1) does not apply to:

 

  (a) any right, intellectual property or invention that is required by law or by contract between the employer and the United States government or a state or local government to be assigned or licensed to the United States; or
     
  (b)  an agreement between an employee and his employer which is not an employment agreement.

 

(4) Notwithstanding Subsection (1), an agreement is enforceable under Subsection (1) if the employee’s employment or continuation of employment is not conditioned on the employee’s acceptance of such agreement and the employee receives a consideration under such agreement which is not compensation for employment.

 

(5) Employment of the employee or the continuation of his employment is sufficient consideration to support the enforceability of an agreement under Subsection (2) whether or not the agreement recites such consideration.

 

(6) An employer may require his employees to agree to an agreement within the scope of Subsection (2) as a condition of employment or the continuation of employment.

 

(7) An employer may not require his employees to agree to anything unenforceable under Subsection (1) as a condition of employment or the continuation of employment.

 

(8) Nothing in this chapter invalidates or renders unenforceable any employment agreement or provisions of an employment agreement unrelated to employment inventions.

 

If I am employed by the Company in the State of Washington, the following provision applies:

 

Washington Statute 49:44.140

 

(1) A provision in an employment agreement which provides that an employee shall assign or offer to assign any of the employee’s rights in an invention to the employer does not apply to an invention for which no equipment, supplies, facilities, or trade secret information of the employer was used and which was developed entirely on the employee’s own time, unless (a) the invention relates (i) directly to the business of the employer, or (ii) to the employer’s actual or demonstrably anticipated research or development, or (b) the invention results from any work performed by the employee for the employer. Any provision which purports to apply to such an invention is to that extent against the public policy of this state and is to that extent void and unenforceable.

 

(2) An employer shall not require a provision made void and unenforceable by subsection (1) of this section as a condition of employment or continuing employment.

 

(3) If an employment agreement entered into after September 1, 1979, contains a provision requiring the employee to assign any of the employee’s rights in any invention to the employer, the employer must also, at the time the agreement is made, provide a written notification to the employee that the agreement does not apply to an invention for which no equipment, supplies, facility, or trade secret information of the employer was used and which was developed entirely on the employee’s own time, unless (a) the invention relates (i) directly to the business of the employer, or (ii) to the employer’s actual or demonstrably anticipated research or development, or (b) the invention results from any work performed by the employee for the employer.

 

If I am employed by the Company in the State of Wisconsin, the following provision applies:

 

In accordance with Wisconsin law, this Agreement does not obligate me to assign or offer to assign to the Company any of my rights in any invention I have developed entirely on my own time without using Company’s equipment, supplies, facilities, trade secret information or Confidential Information. Provided, however, Company shall own inventions that either; (i) relate, at the time of the conception or reduction to practice, to Company’s activities or actual or demonstrably anticipated research or development; or (ii) result from any work I performed for Company. I will advise Company promptly in writing of any inventions I believe should be an exception to this Agreement.

 

EXHIBIT C-4

 

 
 

 

EXHIBIT D

(This supplements Section 4 of the Agreement)

 

This Exhibit shall be deemed to be updated as applicable law may change from time to time. The Company intends to comply with all state laws as may be applicable. The capitalized term “Employee” used herein means the employee signatory to the Agreement.

 

If I am employed by the Company in the State of Alabama, the following provision applies:

 

If Alabama law controls, the non-solicitation of employees clauses shall be amended to provide that the solicited employee must be in a position uniquely essential to the management, organization, or service of the Company’s business, and with whom I had material contact during my employment.

 

If Alabama law controls, “Competitive Business” means any person or business providing product or service of the type offered or provided by the Company, or under development by the Company with Employee’s knowledge, within two (2) years prior to the end of Employee’s employment with the Company.

 

If I am employed by the Company in the State of California, the following provision applies:

 

If California law controls, then any post-employment noncompete or post-employment non-solicit of clients shall not apply to California employees doing business in California.

 

If I am employed by the Company in the State of Colorado, the following provision applies:

 

If Colorado law controls, then the post-employment noncompete shall apply to Employee only if Employee had access to Company trade secrets and if Employee’s annualized cash compensation is at least $123,750 or any threshold amount required by applicable law.

 

If Colorado law controls, the post-employment non-solicit of clients shall apply to Employee only if Employee’s annualized cash compensation is at least $74,250 or any other threshold amount required by applicable law.

 

If Colorado law controls, the non-disparagement provisions in Section 4.6 do not apply. Nothing in the Agreement shall be deemed to prohibit Employee from (a) discussing or disclosing, orally or in writing, any alleged discriminatory or unfair employment practice or any other conduct that Employee has reason to believe is unlawful, or (b) exercising Employee’s rights under Section 7 of the National Labor Relations Act.

 

Colorado employees are advised to consult with legal counsel before signing this Agreement.

 

See attached Colorado supplemental notice for signature.

 

If I am employed by the Company in the District of Columbia, the following provision applies:

 

If the law of the District of Columbia controls, then any post-employment noncompete shall not apply to any District of Columbia employee doing business in the District of Columbia if the employee’s compensation is $154,200 or less per year. If the employee’s compensation exceeds $154,200 per year or they are otherwise deemed to be a highly compensated employee under the law, the post-employment noncompete shall apply to the maximum extent permissible.

 

District of Columbia employees will receive a copy of this Agreement at least 14 days before the first day of employment or, if already employed by the Company, at least 14 days before execution of the Agreement is required.

 

See attached District of Columbia supplemental notice for signature.

 

EXHIBIT D-1

 

 
 

 

If I am employed by the Company in the State of Georgia, the following provision applies:

 

If Georgia law controls, the post-employment noncompete shall only apply to employees who, in the course of their employment, (1) customarily and regularly solicit for the Company customers or prospective customers; or (2) customarily and regularly engage in making sales or obtaining orders or contracts for products or services to be performed by others; or (3) perform executive duties as set forth in applicable law; or (4) perform the duties of a key employee or of a professional as defined in applicable law.

 

If Georgia law controls, then the term “solicit” used in Section 4.3(a) means solicit for the purpose of providing any Competitive Product or Service. For purposes of the Agreement, a “Competitive Product or Service” is any product or service of the type offered or provided by the Company within two (2) years prior to the end of Employee’s employment with the Company.

 

If Georgia law controls, then the provisions in Section 4.2 apply in the Restricted Area.

 

If I am employed by the Company in the State of Hawaii, the following provision applies:

 

If the law of Hawaii controls, then the post-employment noncompete and post-employment nonsolicit of employees will not apply to employees to the extent they are employees of a “technology business” as defined by applicable law. A “technology business” means, with certain exclusions for the broadcast industry and telecommunications carriers, a trade or business that derives the majority of its gross income from the sale or license of products or services resulting from its software development or information technology development, or both. “Information technology development” means the design, integration, deployment, or support services for software.

 

If I am employed by the Company in the State of Idaho, the following provision applies:

 

If the law of Idaho controls, then any post-employment noncompete shall apply only to key employees as per Idaho state law.

 

If I am employed by the Company in the State of Illinois, the following provision applies:

 

If Illinois law controls, then any post-employment noncompete shall only apply to Employee if Employee’s actual or expected annualized rate of earnings exceeds $75,000.

 

If Illinois law controls, then any post-employment nonsolicit shall only apply to Employee if Employee’s actual or expected annualized rate of earnings exceeds $45,000.

 

Illinois employees will receive a copy of this Agreement at least 14 calendar days before the first day of employment or will have at least 14 calendar days to review this Agreement before signing it (during which time the employee is free to use as much or as little of that period as the employee wishes or considers necessary).

 

Illinois employees are advised to consult with legal counsel before signing this Agreement.

 

If I am employed by the Company in the State of Indiana, the following provision applies:

 

If Indiana law controls, then the employee non-solicit shall be modified to further limit the restriction on solicitation of employees to those who have access to or possess any Confidential Information that would give a competitor an unfair advantage.

 

If I am employed by the Company in the State of Louisiana, the following provision applies:

 

If Louisiana law controls, the “Restricted Area” shall be all the parishes and municipalities where the Employee worked or performed services for the Company.

 

EXHIBIT D-2

 

 
 

 

If I am employed by the Company in the State of Maine, the following provision applies:

 

If Maine law controls, Maine employees making less than $60,240 will not be subject to the post-employment noncompete.

 

Maine employees will receive a copy of this Agreement at least 3 business days before the Company requires the Agreement to be signed.

 

If I am employed by the Company in the State of Maryland, the following provision applies:

 

If Maryland law controls, the post-employment noncompete shall not apply to any employee making equal to or less than (1) $22.50 per hour or $46,800 annually or (2) any other threshold amount required by applicable law.

 

If I am employed by the Company in the State of Massachusetts, the following provision applies:

 

If the Employee resides in Massachusetts at the time this Agreement is entered into in connection with the start of employment, the Employee acknowledges that he/she received this Agreement by the earlier of a formal offer of employment or at least 10 business days before the first day of employment.

 

If the Employee resides in Massachusetts at the time this Agreement is entered into after the start of employment, the Employee acknowledges that he/she received this Agreement at least 10 business days before the Agreement is to be effective.

 

If Massachusetts law controls, the post-employment noncompete will not apply to any employees who are non-exempt.

 

If Massachusetts law controls, the post-employment noncompete will not apply if Employee has been terminated without cause or laid off. For all other employees, in consideration of the post-employment noncompete, and only if the Company elects to enforce such restriction, the Company will pay Employee, consistent to the extent applicable with the requirements for the payment of wages under Massachusetts General Laws 149 § 148, on a pro-rata basis during the entirety of the post-employment Restricted Period 50 percent of the employee’s highest annualized base salary paid by the Company within the 2 years preceding the Employee’s cessation of employment (less applicable withholdings and deductions).

 

If Massachusetts law controls, the post-employment noncompete shall be amended as follows:

 

Post-Employment Non-Competition Obligations. To protect the Company’s legitimate protectable interests in, among other things, the Company’s Confidential Information, customer relationships and goodwill, I agree that during the Restricted Period and in the Restricted Area, I shall not, directly or indirectly, engage in, assist in, or participate in providing any services of the specific type that I provided to the Company at any time during the last two (2) years of employment to any Competitive Business, provided, however, that I may own, as a passive investor, publicly-traded securities of any corporation that competes with the business of the Company so long as such securities do not, in the aggregate, constitute more than two percent (2%) of any class of outstanding securities of such corporations. THIS SECTION 4.4 SHALL NOT APPLY AS SET FORTH IN, AND/OR SHALL BE LIMITED BY ANY APPLICABLE LIMITATIONS LISTED ON, EXHIBIT D.

 

If Massachusetts law controls, the “Restricted Area” means the geographic areas in which the Employee, during any time within the last 2 years of employment, provided services or had a material presence or influence.

 

Massachusetts employees have the right to consult with legal counsel before signing this Agreement.

 

Any subsequent change or changes in Employee’s duties, salary, or compensation will not affect the validity or scope of this Agreement.

 

EXHIBIT D-3

 

 
 

 

If I am employed by the Company in the State of Minnesota, the following provision applies:

 

If Minnesota law controls, then any post-employment noncompete shall not apply to Minnesota employes doing business in Minnesota.

 

If I am employed by the Company in the State of Nevada, the following provision applies:

 

If Nevada law controls, the post-employment non-solicit of customers shall be modified to confirm that the Employee shall not be restricted from servicing a customer or client after employment if (a) the Employee did not solicit the customer or client; (b) the customer or client voluntarily chose to seek services from Employee; and (c) the Employee otherwise complies with the time, geographical area, and scope of activity to be restrained.

 

If Nevada law controls, the post-employment noncompete shall not apply to any Nevada employee who is paid solely on an hourly wage basis.

 

If Nevada law controls, if the Employee’s termination of employment is the result of a reduction of force, reorganization or similar restructuring of the Company, the post-employment noncompete will only be enforceable during the period in which the Company pays sufficient consideration under applicable law.

 

If I am employed by the Company in the State of New Hampshire, the following provision applies:

 

If New Hampshire law controls, any noncompete shall not apply to any employee making less than or equal to $14.50 per hour or $30,160 annually.

 

New Hampshire employees who are signing the Agreement as a condition of new employment acknowledge they received this Agreement prior to acceptance of the offer of employment.

 

If I am employed by the Company in the State of North Dakota, the following provision applies:

 

If North Dakota law controls, the post-employment noncompete shall not apply to North Dakota employees doing business in North Dakota.

 

If I am employed by the Company in the State of Oklahoma, the following provision applies:

 

If Oklahoma law controls, the post-employment noncompete shall not apply to Oklahoma employees doing business in Oklahoma, and the post-employment customer nonsolicit shall be amended to provide that the Employee shall be permitted to engage in the same business as that conducted by the Company or in a similar business as long as the Employee does not directly solicit the sale of goods, services or a combination of goods and services from the established customers of the Company.

 

If I am employed by the Company in the State of Oregon, the following provision applies:

 

If Oregon law controls, subject to the below paragraph, the post-employment noncompete shall only apply to those employees whose gross salary and commissions exceed $113,241, calculated on an annual basis, at the time of their termination date. This sum will be “adjusted annually for inflation pursuant to the Consumer Price Index for All Urban Consumers, West Region (All Items), as published by the [U.S.] Bureau of Labor Statistics … immediately preceding the calendar year of the employee’s termination.” Additionally, if Oregon law controls, subject to the below paragraph, the post-employment noncompete shall only apply to those Employees engaged in administrative, executive or professional work who: (a) perform predominately intellectual, managerial or creative tasks; (b) exercise discretion and independent judgment; and (c) earn a salary and are paid on a salary basis.

 

EXHIBIT D-4

 

 
 

 

If Oregon law controls and the above criteria are not met such that the post-employment noncompete would otherwise not be applicable to the Employee, the post-employment noncompete will still be applicable to the Employee if, upon the Employee’s termination date, the Company notifies the Employee of the expected Restricted Period (up to 12 months) during which the Company will provide the Employee the greater of compensation equal to at least 50 percent of (a) “the employee’s annual gross base salary and commissions at the time of the employee’s termination”; or (b) “$100,533, adjusted annually for inflation pursuant to the Consumer Price Index for All Urban Consumers, West Region (All Items), as published by the [U.S.] Bureau of Labor Statistics … immediately preceding the calendar year of the employee’s termination.”

 

Oregon employees starting employment will receive a copy of this Agreement at least two weeks before the first day of employment. The Company will provide Employees with a signed copy of this Agreement within 30 days after their termination date.

 

If I am employed by the Company in the State of Rhode Island, the following provision applies:

 

If Rhode Island law controls, the post-employment noncompete will not apply to any employee who is designated as non-exempt, or to any employee making $37,650 or less annually.

 

If I am employed by the Company in the State of Virginia, the following provision applies:

 

If Virginia law controls, the post-employment noncompete shall not apply to any employee making less than $69,836 annually or on average less than $1,343 per week, or such other earnings threshold as may be in effect from time to time.

 

If I am employed by the Company in the State of Washington, the following provision applies:

 

If Washington state law controls, in consideration of the postemployment noncompete, and only if the Company elects to enforce such restriction, the Company will pay Employee sufficient monetary consideration as appropriate under the circumstances and as required by law.

 

If Washington state law controls, the post-employment noncompete shall only apply to employees whose earnings exceed $120,559.99 per year, as adjusted annually in accordance with RCW 49.62.040. If Employee’s earnings currently do not meet this threshold, Employee acknowledges that the post-employment noncompete may be enforceable against Employee in the future due to changes in Employee’s compensation.

 

If Washington state law controls, for the avoidance of doubt, Section 4.3(a) does not directly or indirectly prohibit the acceptance or transaction of business with any of the Company’s Business Partners.

 

If Washington state law controls, for the avoidance of doubt, the definition of “Business Partner” in Section 4.1(a) means any of the Company’s then-current customers, clients, members, suppliers, or business partners or relations.

 

Washington employees who are signing the Agreement as a condition of new employment acknowledge they received this Agreement no later than when they accepted the Company’s offer of employment (whether orally or in writing).

 

If I am employed by the Company in the State of Wisconsin, the following provision applies:

 

If Wisconsin law controls, the employee nonsolicit obligations are amended to provide the solicited employee must also be an employee who is either entrusted with Confidential Information or employed in a position essential to the management, organization or service of the business.

 

EXHIBIT D-5

 

 
 

 

NOTICE TO EMPLOYEES IN THE DISTRICT OF COLUMBIA

 

The District’s Ban on Non-Compete Agreements Amendment Act of 2020 limits the use of non-compete agreements. It allows employers to request non-compete agreements from highly compensated employees, as that term is defined in the Ban on Non-Compete Agreements Amendment Act of 2020, under certain conditions.

 

For more information about the Ban on Non-Compete Agreements Amendment Act of 2020, contact the District of Columbia Department of Employment Services (DOES).

 

Employee Signature: ______________________

Print Name: _____________________________

Dated: _________________________________

 

Supplement to Exhibit D (District of Columbia Employees Only)

 

 
 

 

NOTICE TO COLORADO EMPLOYEES:

 

The Employee Non-Disclosure, Invention Assignment and Restrictive Covenants Agreement contains, among other terms, a post-employment noncompete in Section 4. The covenant not to compete could restrict your options for subsequent employment following the separation of your employment from the Company.

 

You are receiving this notice either before you accept the offer of employment or at least 14 days before the effective date of the Agreement.

 

You have the right to consult with your own legal counsel before you sign the Agreement.

 

Kindly sign below to acknowledge your receipt of this notice.

 

Employee Signature: ______________________

Print Name: _____________________________

Dated: _________________________________

 

Supplement to Exhibit D (Colorado Employees Only)