THIS EMPLOYMENT AGREEMENT (the “ Agreement ”) is made and entered into by and between Zebra Technologies
Corporation, a Delaware corporation (the “ Employer ”), and Michael H. Terzich (the “ Executive ”), to be effective as of
November 16, 2007 (the “ Effective Date ”).
A. The Employer desires that the Executive continue to provide services for the benefit of the Employer and its affiliates
and the Executive desires to accept such continued employment with the Employer.
B. The Employer and the Executive previously executed the following agreements (collectively, the “Prior Agreements ”),
which constitute all executed agreements addressing the terms and conditions of the Executive’s employment with the
C. The Employer and the Executive desire to enter into a single comprehensive agreement that enhances the employment
relationship and supersedes the Prior Agreements in order to encourage the Executive to continue to serve in the employ of the
Employer on a full-time basis.
NOW, THEREFORE, in consideration of the above premises and the following mutual covenants and conditions, the
parties agree as follows:
1. Employment . As of the Effective Date, the Executive hereby accepts such continued employment on the following terms
and conditions. The Employer shall employ the Executive as an executive officer of the Employer. The Executive understands
and agrees that he is an at-will employee, and the Executive and the Employer can, and shall have the right to, terminate the
employment relationship at any time for any or no reason, with or without notice, and with or without cause, subject to the
payment provisions contained in Paragraph 7 of this Agreement. Nothing contained in this Agreement or any other agreement
shall alter the at-will relationship.
2. Duties . The Executive shall work for the Employer in a full-time capacity. The Executive shall, during the term of his
employment, have the duties, responsibilities, p