<PAGE>
EXHIBIT 10.25
[LETTERHEAD OF VIRATA APPEARS HERE]
17 June, 1999
Mr D Greatwood
87 Back Street
Ashwell
Hertfordshire
SG7 5PS
Dear Duncan
Re: Promotion to VP Marketing
------------------------------------------------------------------
I am delighted to tell you that effective 15 June, 1999, you have been promoted
to VP Marketing.
In line with this promotion your salary will be increased to (Pounds)85,000pa,
effective also 15 June, 1999.
Duncan, congratulations on this well deserved promotion. I am very much looking
forward to working with you in your new role.
Yours sincerely
/s/ Michael Gulett
Michael Gulett
President & Chief Operating Officer
<PAGE>
[LOGO OF VIRATA]
VIRATA LIMITED ("The Employer")
SUMMARY OF TERMS AND CONDITIONS OF EMPLOYMENT
Date: 10 December, 1998
Statement of Terms of Employment pursuant to the Employment Protection
(Consolidation) Act 1978. This statement, which supersedes all previous
statements, sets out particulars of the terms and conditions under which you are
employed.
1. Name of "the Employee": Duncan Greatwood
2. Address: 87 Back Street
Ashwell
Herts
SG7 5PS
3. (a) Date of Birth: 26 October, 1967
(b) National Insurance Number: NP 56 47 65A
4. (a) Date Employment began: 24 November, 1997
(b) Date of Continuous Employment
(If different from above):
5. Job Title: VP Product Management
6. Basic Hours of Work: 9am - 5.30pm
7. Salary Payment Day: 28th day of each month
8. Holiday Entitlement: 22 days pro rata, plus one
extra day for every year worked
to maximum of 25. (Qualifying
period commences 1/1/98)
9. Notice of Termination: One month either side
10. Place of Employment: Mount Pleasant House, Cambridge
11. Salary: (Pounds)80,000pa
<PAGE>
1. CONTINUITY OF EMPLOYMENT
Your period of continuous employment with the Employer began on the date
specified on page 1. Employment with any previous employer does not count
as part of your period of continuous employment.
2. JOB DESCRIPTION
You are employed in the capacity specified on page 1 but it is expected
that if necessary you may be required to undertake other work of which you
are capable and/or for which you have trained or will receive training from
the Employer.
3. SALARY
Your salary is paid by bank credit transfer at monthly intervals as
specified on page 1, one month in arrears. Salaries will be reviewed
annually.
4. TRAVEL/EXPENSES
You may from time to time be expected to travel on behalf of the Company.
All travel and subsistence expenses wholly and necessarily incurred by you
on the Employer's business will be reimbursed on production of the relevant
receipts and vouchers.
5. HOURS OF WORK
Your basic hours of work are those specified on page 1.
You will be required to work such hours as are necessary for the proper
performance of your duties. Payment to salaried staff for overtime work
will only be made in circumstances agreed in advance by the Employer.
6. ANNUAL HOLIDAYS
The holiday year runs from 1 January to 31 December. Up to 5 days can be
carried forward to the following year to be used by 31 May.
You are entitled to holidays as specified on page 1.
In addition you will be entitled to all statutory Bank Holidays unless
required to work on that day in which case you will receive an extra day's
holiday to be taken at a time to be agreed with the Employer or at the
Employer's discretion pay in lieu.
If employment commences or terminates during a specific holiday year,
holiday entitlement for that year will be calculated on the period actually
worked, pro rata on the basis of completed calendar months.
If at the time of termination of employment you have exceeded your holiday
entitlement, your final payment will be reduced accordingly.
In any event you must give at least four weeks notice of your intention to
take a holiday, and the Employer, whilst making every effort to meet your
wishes, reserves the right to refuse permission if your absence would
result in inadequate staffing.
7. SICKNESS AND INJURY
If you are late for work, or absent from whatever cause, a telephone call
should be made by you or by someone on your behalf. Notification should be
made as soon as possible to inform the Employer (HR Manager) of the reason
for absence and the probable length of time you will be absent.
If you are absent from work due to sickness or injury which continues for
more than seven days (including weekends) you must provide the Employer
with a Medical certificate on the eighth day of sickness or injury.
<PAGE>
Thereafter Medical Certificates must be provided to the Employer on a
weekly basis.
8. SICKNESS PAY
The Employer will continue to pay you when you are absent through illness.
You will continue to receive your full salary for the following maximum
periods:
Years Service Maximum total sick pay in one year
Up to one year 4 weeks
Over one year/under three years 8 weeks
Three years and over 13 weeks
These periods will be cumulative over the course of twelve months and any
payments beyond these maximum periods will be at the discretion of the
Employer. State sick pay will be deducted from any sum of sickness pay
which you receive.
9. BENEFIT PACKAGE
The Employer operates a benefits package for all eligible employees.
Details of this package will be given to you when you become eligible.
10. CONFIDENTIALITY
You may not disclose any information of a confidential nature relating to
the Company or any of its associated companies or their business or trade
secrets or in respect of which the Company owes an obligation of confidence
to any third party during your employment except in the proper course of
your employment or within five years after the termination of your
employment.
11. NOTICE OF TERMINATION
Notice of termination will be in writing and will be as required under the
provisions of the Employment Protection (Consolidation) Act 1978 or any
amendment thereof unless specified otherwise on page 2.
Should you wish to terminate your employment with the Employer, you will be
required to give notice in writing as specified on page 2.
12. INVENTIONS
Any invention, discovery, improvement or design in or relating to apparatus
of a type made, assembled, sold, designed or in the process of development
by the Employer or in or relating to the manufacture of such apparatus or
otherwise suitable for the purposes of the business of the Employer which
is made by you in the course of your employment with the Employer shall be
promptly disclosed by you to your immediate superior.
Copyright and similar rights in all work done in the course of your
employment shall belong to the Employer.
As between the Employer and you, the ownership of all inventions made by
you in the course of your employment will be determined in accordance with
Section 39 of the Patents Act 1977.
At the Employer's request you will during or after your employment with the
Employer, do everything necessary at the Employer's expense to obtain
letters patent, including any extension thereof, design, copyright and
similar protection for the same in any part of the world, and to vest
exclusively in the Employer all letters patent, including any extension
thereof, design, copyright and any other protection relating thereto.
<PAGE>
13. GRIEVANCE PROCEDURE
If you have any grievance regarding your employment, you should approach
your immediate superior orally or in writing. If the matter is not resolved
then appeal can be made to the Board of Directors.
14. DISCIPLINARY PROCEDURE
Matters of discipline will in the first instance be dealt with by your
immediate superior with an appeal to the Board of Directors.
15. SAFETY
You are responsible for taking reasonable care for the health and safety of
yourself and other persons who may be affected by your acts and omissions
at work and for complying with any rules and regulations which the Employer
may produce in this respect.
16. CHANGES
In respect of any changes in the terms and conditions of employment you
will be notified in writing of any such changes within one month of any
such change.
FOR AND ON BEHALF OF VIRATA LIMITED
Signed /s/ Michael Gulett
--------------------------------------------------
Date 10 Dec 1998
----------------------------------------------------
ACKNOWLEDGEMENT BY THE EMPLOYEE
I agree that the preceding provisions from the basis of my Contract of
Employment and acknowledg receipt of a statement of which the foregoing is a
true copy.
Signed /s/ Duncan Greatwood
-----------------------------------------------------------
Date ___________________________________________________________
