Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Compensatory Arrangements of Certain Officers
On March 7, 2012, Adam Spiegel, Chief Financial Officer, Senior Vice President,
Finance and Treasurer of RPX Corporation, a Delaware corporation (the
"Company"), entered into a separation agreement and general release of claims
with the Company. Mr. Spiegel will continue to be employed by and provide
transition services to the Company through May 1, 2013, during which time he
will continue to receive his regular salary and remain eligible for the
Company's standard benefits generally available to other employees of the
Company. The Company will also pay Mr. Spiegel, as severance, an amount in cash
of $157,500 that is equivalent to six months of his base salary. In addition,
the Company will pay up to six months of premiums on behalf of Mr. Spiegel to
extend his health, dental and vision insurance under COBRA. The Company will
accelerate the vesting of 103,292 unvested stock options and 781 unvested
restricted stock units under Mr. Spiegel's previous awards, as well as extend
the period he has to exercise a portion of the stock options for an additional
nine months. Receipt of these benefits is contingent upon the effectiveness of
Mr. Spiegel's general release of claims.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Description
Separation Agreement between RPX Corporation and Adam Spiegel dated
10.1 March 7, 2013
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