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Transition Services Agreement

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EXHIBIT 2.8


TRANSITION SERVICES AGREEMENT
BETWEEN
LSI LOGIC CORPORATION
AND
LSI LOGIC STORAGE SYSTEMS, INC.
MARCH 15, 2004


TABLE OF CONTENTS


PAGE
---- ARTICLE I DEFINITIONS............................................ 1 1.1 Additional Services......................................... 1 1.2 Agreement................................................... 1 1.3 Ancillary Agreements........................................ 1 1.4 Confidential Information.................................... 1 1.5 Expiration Date............................................. 1 1.6 Force Majeure............................................... 1 1.7 Impracticability............................................ 1 1.8 Intellection Property Agreement............................. 1 1.9 LSI Logic Group............................................. 1 1.10 Master Transition Service Schedule.......................... 1 1.11 Separation.................................................. 1 1.12 Separation Agreement........................................ 1 1.13 Separation Date............................................. 1 1.14 Service..................................................... 1 1.15 Source Code................................................. 2 1.16 Source Code Documentation................................... 2 1.17 SSI Group................................................... 2 1.18 Subcontractor............................................... 2 1.19 Technology.................................................. 2


ARTICLE II SERVICES.............................................. 2 2.1 Services Generally; Master Transition Service Schedule...... 2 2.2 Additional Services......................................... 2 2.3 Service Boundaries.......................................... 2 2.4 Impracticability............................................ 3


ARTICLE III TERM; TERMINATION.................................... 3 3.1 Term........................................................ 3 3.2 Termination................................................. 3 3.3 Survival.................................................... 3


ARTICLE IV COMPENSATION.......................................... 3 4.1 Charges for Services........................................ 3 4.2 Payment Terms............................................... 4 4.3 Performance Under Ancillary Agreements...................... 4 4.4 Pricing Adjustments......................................... 4


i


PAGE
----


ARTICLE V GENERAL OBLIGATIONS; STANDARD OF CARE.................. 4 5.1 LSI Logic Performance Metrics............................... 4 5.2 SSI Performance Metrics..................................... 4 5.3 Transitional Nature of Services; Changes.................... 4 5.4 Responsibility for Errors; Delays........................... 5 5.5 Good Faith Cooperation; Consents............................ 5 5.6 Alternatives................................................ 5 5.7 Confidentiality............................................. 5 5.8 Relationship Between the Parties............................ 5 5.9 Subcontractor............................................... 5 5.10 No Obligations.............................................. 5 5.11 Disclaimer of Warranties.................................... 5


ARTICLE VI INTELLECTUAL PROPERTY................................. 6 6.1 Allocation of Rights by Ancillary Agreements; Existing
Ownership Rights Unaffected................................. 6 6.2 License to Works............................................ 6


ARTICLE VII SOFTWARE LICENSE..................................... 6 7.1 License..................................................... 6 7.2 As-Is Warranty; Implied Warranty Disclaimer................. 6


ARTICLE VIII MISCELLANEOUS....................................... 6 8.1 Limitation of Liability..................................... 6 8.2 Entire Agreement............................................ 6 8.3 Governing Law............................................... 6 8.4 Dispute Resolution.......................................... 7 8.5 Notices..................................................... 7 8.6 Counterparts................................................ 7 8.7 Binding Effect; Assignment.................................. 7 8.8 Severability................................................ 7 8.9 Failure or Indulgence Not Waiver; Remedies Cumulative....... 8 8.10 Amendment................................................... 8 8.11 Interpretation.............................................. 8 8.12 Force Majeure............................................... 8


ii


TRANSITION SERVICES AGREEMENT


This Transition Services Agreement (the "Agreement") is entered into as of March 15, 2004 (the "Effective Date"), between LSI Logic Corporation, a Delaware corporation ("LSI Logic"), and LSI Logic Storage Systems, Inc., a Delaware corporation ("SSI"). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in Article I hereof.


RECITALS


1. LSI Logic and SSI entered into a Master Separation Agreement dated as of December 31, 2003, as may be amended from time to time (the "Separation Agreement") and other Ancillary Agreements to delineate and clarify their relationship and further separate the businesses conducted by LSI Logic and SSI (the "Separation").


2. In connection with the Separation, the parties desire to set forth certain agreements regarding transition services between the parties.


NOW, THEREFORE, in consideration of the foregoing and the covenants and agreements set forth below, the parties hereto agree as follows:


ARTICLE I


DEFINITIONS


For the purpose of this Agreement, the following capitalized terms shall have the following meanings:


1.1 Additional Services. "Additional Services" has the meaning set forth in Section 2.2(a) hereof.


1.2 Agreement. "Agreement" has the meaning set forth in Section 2.1 hereof.


1.3 Ancillary Agreements. "Ancillary Agreements" has the meaning set forth in the Separation Agreement.


1.4 Confidential Information. "Confidential Information" has the meaning set forth in the Intellectual Property Agreement.


1.5 Expiration Date. "Expiration Date" has the meaning set forth in the Section 3.1 hereof.


1.6 Force Majeure. "Force Majeure" means any act of God or the public enemy, any accident, explosion, fire, storm, earthquake, flood, or any other circumstance or event beyond the reasonable control of the party relying upon such circumstance or event


1.7 Impracticability. "Impracticability" has the meaning set forth in Section 2.4 hereof.


1.8 Intellectual Property Agreement. "Intellectual Property Agreement" means that certain Intellectual Property Agreement between LSI Logic and SSI, dated as of December 31, 2003, as may be amended from time to time.


1.9 LSI Logic Group. "LSI Logic Group" has the meaning set forth in the Separation Agreement.


1.10 Master Transition Service Schedule. "Master Transition Service Schedule" has the meaning set forth in Section 2.1 hereof.


1.11 Separation. "Separation" has the meaning set forth in the Recitals hereof.


1.12 Separation Agreement. "Separation Agreement" has the meaning set forth in the Recitals hereof.


1.13 Separation Date. "Separation Date" has the meaning set forth in the Separation Agreement.


1.14 Service. "Service" has the meaning set forth in Section 2.1 hereof.


1


1.15 Source Code. "Source Code" means any human readable code, including interpreted code, of LSI Logic, listed and described in the relevant Transition Service Schedule.


1.16 Source Code Documentation. "Source Code Documentation" means the manuals and other documentation that are reasonably necessary to use the Source Code licensed herein, including those items listed and described in the relevant Transition Service Schedule hereto.


1.17 SSI Group. "SSI Logic Group" has the meaning set forth in the Separation Agreement.


1.18 Subcontractor. "Subcontractor" means any individual, partnership, corporation, firm, association, unincorporated organization, joint venture, trust or other entity engaged to perform hereunder.


1.19 Technology. "Technology" has the meaning set forth in the Intellectual Property Agreement.


ARTICLE II


SERVICES


2.1 Services Generally; Master Transition Service Schedule. This Agreement governs the provision of transitional services to, and as requested by, SSI by LSI Logic. Each service shall be provided pursuant to, and governed by, this Agreement and as described in further detail in the schedule of services that is attached hereto and incorporated herein by reference ("Master Transition Service Schedule"). Each of the services described on the Master Transition Service Schedule shall be referred to herein as a "Service," and collectively (including Additional Services) as "Services." The parties' respective obligations with respect to the Services set forth on the Master Transition Service Schedule shall be effective upon execution of this Agreement. This Agreement and the Master Transition Service Schedule shall be defined as the "Agreement," and the terms of the Master Transition Service Schedule shall be incorporated herein wherever reference is made to it.


2.2 Additional Services.


(a) From time to time after the Effective Date and during the term of this Agreement, the parties may identify additional services that one party shall provide to the other party in accordance with the terms of this Agreement (the "Additional Services"), and in such case, the parties shall modify the Master Transition Service Schedule to provide for such Additional Services.


(b) Except as provided in the next sentence, LSI Logic shall be obligated to perform, at a charge determined using the principles for determining fees under Section 4.1, any Additional Service that: (i) was provided by LSI Logic immediately prior to the Separation Date and that SSI reasonably believes was inadvertently or unintentionally omitted from the Services, or (ii) is essential to effectuate an orderly transition under the Separation Agreement. Notwithstanding the foregoing, if LSI Logic reasonably believes that the performance of Additional Services set forth in subparagraphs (i) or (ii) would significantly disrupt its operations or materially increase the scope of its responsibilities under this Agreement, LSI Logic and SSI shall negotiate in good faith to establish terms under which LSI Logic would provide such Additional Services, but LSI L
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