SECURITIES AND EXCHANGE COMMISSION
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|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.
|10.1||Letter of Transfer – International Transfer by and between Cisco Systems, Inc. and Irving Tan|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|CISCO SYSTEMS, INC.|
|Dated: February 25, 2021||By:|