Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Compensatory Arrangements of Certain Officers
As previously disclosed in a Form 8-K filing, on December 11, 2020, Irving Tan,
former Executive Vice President and Chief of Operations of Cisco Systems, Inc.
("Cisco") notified Cisco of his decision to return to Singapore and stepped down
from his position as Executive Vice President and Chief of Operations of Cisco
effective December 14, 2020. On February 22, 2021, Cisco entered into a Letter
of Transfer Agreement - International Transfer (the "Transfer Agreement") with
Mr. Tan, in connection with his relocation from San Jose, California to
Singapore. Consistent with Cisco's International Transfer Policy for Vice
Presidents and above, under the Transfer Agreement, Mr. Tan will be entitled to
various allowances and services in connection with his relocation, including
housing assistance, travel allowances, transition assistance, tax service
assistance, home and vehicle sales assistance, and tax restoration benefits with
respect to certain of the allowances and services (the "Relocation Benefits").
Such Relocation Benefits are contingent upon Mr. Tan's continued employment with
Cisco.
The foregoing description of the Transfer Agreement is qualified in its entirety
by reference to the Transfer Agreement, a copy of which is filed as Exhibit 10.1
to this report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description of Document
10.1 Letter of Transfer - International Transfer by and between Cisco
Systems, Inc. and Irving Tan
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