Separation and Release of Claims Agreement between Hussein Mecklai and Impinj Inc.
This agreement is between Hussein Mecklai and Impinj Inc. It outlines the terms of Mecklai's resignation and the end of his employment, effective May 20, 2025. In exchange for signing this release, Mecklai will receive severance pay, a health insurance payment, a prorated bonus, accelerated vesting of certain equity awards, and an extended period to exercise stock options. Mecklai agrees to release any claims against the company related to his employment or its termination, except as required by law, and confirms he has not shared confidential information.
SEPARATION AND RELEASE OF CLAIMS AGREEMENT
This Separation and Release of Claims Agreement (“Agreement”) is entered into as of 5/30/2025 by and between Hussein Mecklai, his marital community, heirs and assigns (the “Employee”), and Impinj Inc., its affiliates (including without limitation all of its subsidiaries) and its successors and assigns (the “Company”). Employee and the Company are sometimes collectively referred to as the “Parties” or individually as a “Party.”
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Employee specifically acknowledges and agrees that this consideration is in exchange for entering into this Agreement. Employee will not at any time seek additional consideration in any form from the Company except as expressly set forth in this Agreement. Employee specifically acknowledges and agrees that the Company has made no representations to him regarding the tax consequences of any amounts received by Employee or for Employee’s benefit pursuant to this Agreement. Further, Employee covenants to defend, indemnify, and hold harmless the Company from any and all claims, demands, and actions in which it is asserted that the allocation of the settlement payments are improper or are subject to taxes, penalties, or interest in addition to the sums withheld in accordance with this section. Employee also represents that all lienable expenses, and all subrogation claims, and all claims of any other persons or entities legally entitled to share in the proceeds of this settlement have been paid, or will be paid, or otherwise resolved from the proceeds of this settlement.
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Impinj Inc. |
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Christina Balam | Hussein Mecklai |
SVP, Human Resources |
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Date: 5/30/2025 | Date: 5/30/2025 |
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