Attached files
file | filename |
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8-K - FORM 8-K - FLEX LTD. | c05666e8vk.htm |
EX-10.01 - EXHIBIT 10.01 - FLEX LTD. | c05666exv10w01.htm |
EX-10.03 - EXHIBIT 10.03 - FLEX LTD. | c05666exv10w03.htm |
Exhibit 10.02
Domestic Relocation Assistance Repayment Agreement With Home Sale Assistance
Relocating Employee Must Sign This Agreement
I have read and fully understand Flextronics International USA, Inc relocation assistance
benefits as listed on the addendum to my offer letter. This addendum describes the relocation
benefits potentially reimbursable or paid directly by the company on my behalf. My signature below
acknowledges that I have reviewed this information and fully understand the assistance to be
provided to me.
In return for Flextronics providing me with relocation assistance, I agree that the amounts
received directly by me, or paid to others on my behalf for moving and relocation expenses
(relocation amount) shall be considered conditional payments until I have completed 24 months of
employment with Flextronics from an effective transfer date. If I voluntarily leave Flextronics or
am terminated for gross misconduct before serving 24 months from the effective transfer date or do
not relocate, I agree to promptly refund a pro rated portion of all relocation expenses paid on my
behalf based on the number of months I have remained employed with Flextronics:
Relocation to Termination Date | % Reimbursed by Transferee | |||
1 month or less |
100 | % | ||
2-3 months |
90 | % | ||
4-5 months |
80 | % | ||
6-7 months |
70 | % | ||
8-9 months |
60 | % | ||
10-11 months |
50 | % | ||
12-13 months |
40 | % | ||
14-15 months |
30 | % | ||
16-17 months |
25 | % | ||
18-19 months |
20 | % | ||
20-21 months |
15 | % | ||
22-23 months |
10 | % | ||
23-24 months |
5 | % |
The signature on this agreement is considered authorization for Flextronics to withhold, if
necessary and permissible, any such amount due from my salary or other accrued compensation and
deduct the above amount from my last paycheck.
I understand that this agreement does not alter my status as an employee at will of
Flextronics or one of its subsidiaries, and that my employment may be terminated at any time, with
or without cause and with or without notice. In addition, I understand that if my employment with
Flextronics ends before serving 24 months from my effective transfer date, for whatever reason,
that all benefits under this agreement will immediately cease.
/s/ Francois Barbier
|
Francois Barbier
|
7/1/2010
|
Rev. 10.0.07