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JDS UNIPHASE CORP /CA/ FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On October 23, 2014, JDS Uniphase Corporation (the "Company") entered into a separation agreement (the "Agreement") with David Heard, Executive Vice President and President of the Company's Network Enablement and Service Enablement business segments. Pursuant to the Agreement, Mr. Heard will continue to be employed by the Company until April 17, 2015 (the "Termination Date"). Provided that Mr. Heard is not earlier terminated for Cause (as defined in the Agreement), and conditioned upon signing a release of claims, Mr. Heard will receive certain severance benefits upon termination specified in the Company's 2008 Change of Control Benefits Plan (the "2008 Plan"). These benefits include: (i) immediate vesting of any outstanding and unvested equity awards, including performance-based restricted stock units which will vest at 100% of the target amount, (ii) a lump sum cash payment equal to 2 years base salary as of October 23, 2014, less applicable withholdings, and (iii) Company paid COBRA benefits for a period of up to 12 months. The foregoing is a summary description of the material terms of the Agreement, and is qualified in its entirety by the text of the Agreement, which is attached hereto as Exhibit 10.1 and the text of the 2008 Plan, which is attached hereto as Exhibit 10.2, both of which are incorporated herein by reference. (e) The 2008 Plan was previously filed with the Securities and Exchange Commission on September 10, 2014 as Exhibit 10.8 to the Company's Current Report Form 8-K. The 2008 Plan contained a typographical error which has since been corrected. A copy of the 2008 Plan, as corrected, is attached as Exhibit 10.2 to this Form 8-K. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Separation Agreement between the JDS Uniphase Corporation and David Heard, dated October 23, 2014 10.2 2008 Change of Control Benefits Plan of JDS Uniphase Corporation -------------------------------------------------------------------------------- |