{"id":40321,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/repatriation-agreement-pixelworks-inc.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"repatriation-agreement-pixelworks-inc","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/repatriation-agreement-pixelworks-inc.html","title":{"rendered":"Repatriation Agreement – Pixelworks Inc."},"content":{"rendered":"

December 29, 2011<\/a><\/p>\n<\/p>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

TO:<\/p>\n<\/td>\n

\n

John Lau<\/p>\n<\/td>\n<\/tr>\n

\n

FROM:<\/p>\n<\/td>\n

\n

Bruce Walicek, Chief Executive Officer<\/p>\n<\/td>\n<\/tr>\n

\n

Cc:<\/p>\n<\/td>\n

\n

Steven Moore, Chief Financial Officer<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n\n

Canny Ko, Senior Manager, Human Resources<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n\n

Personnel File<\/p>\n<\/td>\n<\/tr>\n

\n

RE:<\/p>\n<\/td>\n

\n

Repatriation Agreement<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n

Dear John,<\/p>\n<\/p>\n<\/p>\n

The following agreement details the benefits, terms and conditions of your
\nrepatriation from China to the United States as agreed:<\/p>\n<\/p>\n<\/p>\n

Period of Relocation<\/u><\/strong><\/p>\n<\/p>\n<\/p>\n

As of January 1, 2012, Vancouver, WA will be your primary work location
\n(“home office”).<\/p>\n<\/p>\n<\/p>\n

Position<\/u><\/strong><\/p>\n<\/p>\n<\/p>\n

Upon acceptance of this transfer agreement, your position title will be
\nSenior Vice President, Foundry, IP & EDA. You will continue to report to me.\n<\/p>\n<\/p>\n<\/p>\n

Base Salary<\/u><\/strong><\/p>\n<\/p>\n<\/p>\n

As of January 1, 2012, your annual base salary will be $210,000. As you may
\nremember, Pixelworks US pays bi-weekly, with pay dates every other Friday.
\nPaychecks will include wages due through the two-week period (Sunday through
\nSaturday) prior to the pay date. Should payday fall on a holiday, it will be
\npaid on the previous workday.<\/p>\n<\/p>\n<\/p>\n

Benefit Coverage<\/u><\/strong><\/p>\n<\/p>\n<\/p>\n

Upon repatriation, you will be covered by US benefits. Pixelworks US
\nbenefits, payroll, and other human resource management services are provided
\nthrough TriNet HR Corporation, a professional employer organization. As a result
\nof this arrangement, TriNet will be considered your employer of record for these
\npurposes; however, I will be responsible for directing your work, reviewing your
\nperformance, setting your schedule and otherwise directing your work at
\nPixelworks.<\/p>\n<\/p>\n<\/p>\n

Moving Allowance<\/u><\/strong><\/p>\n<\/p>\n<\/p>\n

Pixelworks will provide you with a one-time Moving Allowance of USD $5,000 to
\nassist you with returning your household goods to Oregon. You understand and
\nagree that this one-time payment is in lieu of any obligation that Pixelworks
\nmight have, under your Expatriate Agreement dated August, 2006, to pay for the
\nreturn of your household goods. You should recognize that this allowance may be
\ntreated as taxable income.<\/p>\n<\/p>\n

Taxes<\/u><\/strong><\/p>\n<\/p>\n<\/p>\n

Pixelworks will cover the costs of tax consulting services for you for your
\ntax preparation related to Pixelworks income incurred on or before December 31,
\n2011, with services for tax consulting provided through a company of our
\nchoosing. In addition, Pixelworks will cover the costs associated with tax
\nequalization related to your expatriate assignments at Pixelworks that might
\nhave occurred on or before December 31, 2011.<\/p>\n<\/p>\n<\/p>\n<\/p>\n

\n

\n<\/p>\n<\/p>\n

At-Will Employment<\/u><\/strong><\/p>\n<\/p>\n<\/p>\n

Pixelworks is an at-will employer, and your employment will not be for any
\nspecific period of time. You are free to quit and the Company is free to
\nterminate employment at any time, with or without cause. It is further
\nunderstood that this at-will employment relationship can only be changed in a
\nformal written employment contract signed by the Chief Executive Officer.<\/p>\n<\/p>\n<\/p>\n

Governing Law <\/u><\/strong><\/p>\n<\/p>\n<\/p>\n

This Agreement will be governed by the laws of the State of Oregon.<\/p>\n<\/p>\n

Acknowledgement<\/u><\/strong><\/p>\n<\/p>\n<\/p>\n

By signing this repatriation agreement, you are aware that you are expected
\nto follow the policies and other rules set forth by the Company. You understand
\nthese policies are subject to revision at the discretion of the Company. If you
\nshould have any questions concerning this letter, now or in the future, you
\nunderstand that you can address these concerns with Human Resources or directly
\nwith me.<\/p>\n<\/p>\n<\/p>\n<\/p>\n

Signed & Accepted:<\/p>\n<\/p>\n\n\n\n\n\n\n
<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

\/s\/ John Lau<\/p>\n<\/td>\n

<\/td>\n\n

12\/27\/2011<\/p>\n<\/td>\n<\/tr>\n

\n

John Lau<\/p>\n<\/td>\n

<\/td>\n\n

Date<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n

Signed by Pixelworks:<\/p>\n<\/p>\n\n\n\n\n\n\n\n
<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

\/s\/ Bruce A. Walicek<\/p>\n<\/td>\n

<\/td>\n\n

12\/27\/2011<\/p>\n<\/td>\n<\/tr>\n

\n

Bruce A. Walicek<\/p>\n<\/td>\n

<\/td>\n\n

Date<\/p>\n<\/td>\n<\/tr>\n

\n

Chief Executive Officer<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<\/p>\n<\/p>\n<\/p>\n

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