TiVo 2006 Annual Report Download - page 164
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without limitation, any prior severance agreements, is hereby terminated and cancelled. Any of your rights hereunder shall be in addition to any rights you
may otherwise have under benefit plans or agreements of the Corporation (other than severance plans or agreements) to which you are a party or in which you
are a participant, including, but not limited to, any Corporation sponsored employee benefit plans and stock options plans. For the avoidance of doubt, this
Agreement will supersede any provisions contained in the Corporation's stock option plan or otherwise that would impose a "cut-back" under Section 280G of
the Code (but in no event shall this Agreement be construed or interpreted as providing any right to "gross-up" or similar tax reimbursement pay in respect of
excise taxes payable as a result of Sections 280G or 4999 of the Code), it being understood and agreed that you may elect to reduce or eliminate any payment
or benefit to which you are otherwise entitled in order to avoid imposition of any tax under Section 409A of the Code. The provisions of this Agreement shall
not in any way abrogate your rights under such other plans and agreements. In addition this Agreement shall not limit in any way any obligation you may
have under any other agreement with or promise to the Corporation relating to employee confidentiality, proprietary rights in technology or the assignment of
interests in any intellectual property.
14. At-Will Employment. Nothing contained in this Agreement shall (i) confer upon you any right to continue in the employ of the Corporation,
(ii) constitute any contract or agreement of employment, or (iii) interfere in any way with the at-will nature of your employment with the Corporation.
If this letter sets forth our agreement on the subject matter hereof, kindly sign and return to the Corporation the enclosed copy of this letter, which
shall then constitute our agreement on this subject.
Sincerely,
TIVO INC.
By:
Its:
Agreed and Accepted,
this day of , 2007.
STEVEN J. SORDELLO
11