Attached files
| file | filename |
|---|---|
| 10-Q - FY10 Q1 - INTERNATIONAL RECTIFIER CORP /DE/ | form10q.htm |
| EX-32.2 - EXHIBIT 32.2 - INTERNATIONAL RECTIFIER CORP /DE/ | exh32-2.htm |
| EX-31.1 - EXHIBIT 31.1 - INTERNATIONAL RECTIFIER CORP /DE/ | exh31-1.htm |
| EX-31.2 - EXHIBIT 31.2 - INTERNATIONAL RECTIFIER CORP /DE/ | exh31-2.htm |
| EX-32.1 - EXHIBIT 32.1 - INTERNATIONAL RECTIFIER CORP /DE/ | exh32-1.htm |
Exhibit
10.1
Date: November
5, 2009
To:
Ilan Daskal, CFO
From: Rick
Merritt, VP Human Resources
Subject: Amendment
to Relocation Benefits
______________________________________________________________________
Reference
is made to the offer letter agreement (“Offer Letter”), September 19, 2008
between you and International Rectifier Corporation (the
“Company”).
The
purpose of this memorandum (“Amendment”) is to amend certain provisions of the
Offer Letter, as set forth below (with the provisions below modifying the
corresponding sections of the Offer Letter having the same headings as set forth
below):
|
§
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The
terms and conditions of the sections in the Offer Letter with the
following headings:
International Rectifier’s Executive Relocation Package, Temporary Living
Assistance, Closing Assistance on the sale of your current residence, and
Closing Assistance on the purchase of a home in the Los Angeles/Southern
California area are hereby extended to apply so that benefits are
provided through October 6, 2011.
|
|
§
|
Should
you voluntarily terminate your employment with the Company on or before
October 6, 2011 for reasons other than Good Reason (as defined in the
Offer Letter) or a Qualifying Termination (as defined in the Severance
Agreement), you will reimburse the Company within thirty (30) days
following the date of your employment termination (“Employment Termination
Date”) as follows:
|
|
o
|
An
Employment Termination Date prior to October 6, 2010 will require you to
reimburse the Company for any relocation benefits expended by you and paid
by the Company between October 6, 2009 and the Employment Termination
Date.
|
|
o
|
An
Employment Termination Date after October 5, 2010 and prior to October 6,
2011 will require you to reimburse the Company for any relocation benefits
expended by you and paid by the Company between October 6, 2010 and the
Employment Termination Date.
|
Your
reimbursement obligations set herein supersede the reimbursement obligations set
forth in the penultimate sentence of the section of your Offer Letter entitled:
International Rectifier’s
Executive Relocation Package.
Except as
set forth herein, your Offer Letter, including without limitation, the sections
thereof entitled Tax Relief and Car Allowance, remains unmodified and in full
force and effect.
By
signing below, the parties have agreed to the terms of the foregoing
Amendment.
________________________________ _____________________________
Ilan
Daskal Rick
Merritt
Chief
Financial
Officer VP
Human Resources
________________________________ ______________________________
Date