AMENDED AND RESTATED RETENTION AND OWNERSHIP
CHANGE EVENT AGREEMENT
This Amended and Restated Retention and Ownership Change Event Agreement (“Agreement”) is made
effective as of the last date set forth below by and between Immersion Corporation (the “Company”) and
Stephen Ambler (“Executive”).
Executive and the Company entered into a Retention and Ownership Change Event Agreement dated as of
June 20, 2007 (the “Original Agreement”).
On , 2008, Executive and the Company entered into an Amended and Restated Retention and
Ownership Change Event Agreement (the “Amended Agreement”), to take into account the effect of
Section 409A (as defined below).
The Board and Executive now wish to amend the Amended Agreement to extend the time period of certain of
the benefits hereunder.
In recognition thereof, the parties now agree as follows:
1. Definitions . For purposes of this Agreement:
(a) “Change in Control” means the occurrence of any of the following:
(i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”)) becomes the “beneficial owner” (as defined in Rule 13d-3 promulgated
under the Exchange Act), directly or indirectly, of securities of the Company representing more than fifty percent
(50%) of the total combined voting power of the Company’s then-outstanding securities entitled to vote generally
in the election of the Company’s Board of Directors; provided, however, that the following acquisitions shall not
constitute a Change in Control: (1) an acquisition by any such person who on the effective date of such
transaction is the beneficial owner of more than fifty percent (50%) of such voting power, (2) any acquisition
directly from the Company, including, without limitation, a public offering of securities, (3) any acquisition by the
Company, (4) any acquisition by a trustee or other fiduci