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ON Semiconductor Corporation reported on February 28, 2024, that its wholly-owned subsidiary, Semiconductor Components Industries, LLC, has entered into a new employment agreement with Simon Keeton, the Group President and General Manager of the company's Power Solutions Group. The new contract, which is effective immediately and supersedes Keeton's previous agreement from January 1, 2019, includes an annual base salary of $600,000 and a target bonus of 100% of the base salary. The agreement outlines severance terms including continuation of salary, bonus, and benefits under certain termination conditions, such as termination without cause or resignation for good reason. Additionally, the agreement specifies enhanced severance provisions in the event of a change in control of the company. The agreement also contains standard clauses requiring a general release and adherence to non-solicitation, non-competition, and confidentiality covenants post-termination. The full details of the agreement are included in Exhibit 10.1 of the Form 8-K filed with the SEC.
ON Semiconductor Corporation reported on February 28, 2024, that its wholly-owned subsidiary, Semiconductor Components Industries, LLC, has entered into a new employment agreement with Simon Keeton, the Group President and General Manager of the company's Power Solutions Group. The new contract, which is effective immediately and supersedes Keeton's previous agreement from January 1, 2019, includes an annual base salary of $600,000 and a target bonus of 100% of the base salary. The agreement outlines severance terms including continuation of salary, bonus, and benefits under certain termination conditions, such as termination without cause or resignation for good reason. Additionally, the agreement specifies enhanced severance provisions in the event of a change in control of the company. The agreement also contains standard clauses requiring a general release and adherence to non-solicitation, non-competition, and confidentiality covenants post-termination. The full details of the agreement are included in Exhibit 10.1 of the Form 8-K filed with the SEC.
安森美半导体公司于2024年2月28日报告称，其全资子公司半导体元件工业有限责任公司已与集团总裁兼电力解决方案集团总经理西蒙·基顿签订了新的雇佣协议。新合同立即生效，取代基顿先前自2019年1月1日起达成的协议，其中包括60万美元的年基本工资和基本工资100％的目标奖金。该协议概述了遣散条款，包括在某些终止条件下继续发放工资、奖金和福利，例如无故解雇或因正当理由辞职。此外，该协议还规定了在公司控制权发生变化时加强遣散费条款。该协议还包含标准条款，要求在协议终止后全面发布和遵守不招标、不竞争和保密协议。该协议的全部细节包含在向美国证券交易委员会提交的8-K表的附录10.1中。
安森美半导体公司于2024年2月28日报告称，其全资子公司半导体元件工业有限责任公司已与集团总裁兼电力解决方案集团总经理西蒙·基顿签订了新的雇佣协议。新合同立即生效，取代基顿先前自2019年1月1日起达成的协议，其中包括60万美元的年基本工资和基本工资100％的目标奖金。该协议概述了遣散条款，包括在某些终止条件下继续发放工资、奖金和福利，例如无故解雇或因正当理由辞职。此外，该协议还规定了在公司控制权发生变化时加强遣散费条款。该协议还包含标准条款，要求在协议终止后全面发布和遵守不招标、不竞争和保密协议。该协议的全部细节包含在向美国证券交易委员会提交的8-K表的附录10.1中。
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