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Document Preview Employment Agreement |
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Title: |
Employment Agreement |
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Entities: |
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Date: |
2006 |
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Size: |
5KB total |
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Price: |
$38 |
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ID: |
#1157327 |
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AMENDMENT NO. 2 TO
EMPLOYMENT AGREEMENT
FOR KEITH JACKSON
WHEREAS, ON Semiconductor Corporation (Company) and Keith Jackson (Executive) entered into an Employment Agreement dated as of November 10, 2002 (Agreement);
WHEREAS, all defined terms used herein shall have the meanings set forth in the Agreement unless specifically defined herein;
WHEREAS, on November 19, 2002, the Company and Executive entered into an amendment to the Agreement clarifying the Effective Date of the Agreement; and
WHEREAS, the Company and the Executive now wish to further amend the Agreement to clarify that the Option to purchase 1,200,000 shares of common stock of the Company pursuant to Section 2(d) of the Agreement consist of two (2) option grants: (1) a grant of 1,000,000 under the ON Semiconductor Corporation 2000 Stock Incentive Plan; and (2) a grant of 200,000 under the ON Semiconductor Corporation 1999 Founders Stock Option Plan (Amendment).
NOW, THEREFORE, for mutual consideration the receipt of which is hereby acknowledged, the Agreement is hereby amended as follows:
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