Delaware
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16-1620029
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
In connection with the Settlement Agreement, Tessera Global Services, Inc., a wholly owned subsidiary of the Company ("TGSI"), entered into a Consulting Agreement with Dr. Roohparvar on December 11, 2012 (the "Consulting Agreement"). Pursuant to the Consulting Agreement, Dr. Roohparvar has agreed to provide up to five hours per month of advice regarding matters that were formerly within the scope of his responsibilities as President of DOC. As consideration for such services, and subject to Dr. Roohparvar's compliance with the Consulting Agreement, the Settlement Agreement and the Confidentiality Agreement, TGSI will pay Dr. Roohparvar an aggregate of $60,000, payable in arrears on a monthly basis beginning January 31, 2013 and ending December 31, 2013. The Consulting Agreement will terminate on December 31, 2013, unless Dr. Roohparvar terminates the Consulting Agreement at an earlier date or TGSI terminates the Consulting Agreement for Dr. Roohparvar's breach of the Settlement Agreement.
The foregoing provides only a brief description of the terms and conditions of the Settlement Agreement and the Consulting Agreement, does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the Settlement Agreement and the Consulting Agreement that will be filed as exhibits to the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2012.
Tessera Technologies, Inc.
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Date: December 14, 2012
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By:
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/s/ C. Richard Neely, Jr.
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C. Richard Neely, Jr.
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Executive Vice President and Chief Financial Officer
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