VISHAY INTERTECHNOLOGY, INC.
Exhibit 10.1
VISHAY INTERTECHNOLOGY, INC.
00 Xxxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxxxxxx 00000
February 22, 2019
Xx. Xxxxxx Xxxxxxxx
Re: Amendment to Employment Agreement
Dear Xxxxxx:
Reference is made to that certain employment agreement dated February 15, 2018 (the “Employment Agreement”), by and between you (the
“Executive”), Vishay Intertechnology, Inc., a Delaware corporation (the “Company”) and Vishay Electronic GmbH, a company with limited liability organized under the laws of Germany (“Vishay Electronic”).
The Executive, the Company and Vishay Electronic (the “Parties”) acknowledge that the reference to “40%” in Section 4.3(a)
of the Employment Agreement was intended to be “30%,” and the Parties further agree that such reference shall be changed to 30% effective as of February 15, 2018.
This letter agreement shall constitute an amendment to the Employment Agreement, and except as otherwise set forth herein, all other terms and
conditions of the Employment Agreement remain unchanged.
Remainder of Page Intentionally Left Blank
To confirm your agreement with the foregoing, please countersign this letter agreement in the space below provided.
By:
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VISHAY INTERTECHNOLOGY, INC.
/s/ Xxxxxx Xxxx
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Name: Xx. Xxxxxx Xxxx
Title: CEO
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By:
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VISHAY ELECTRONIC GMBH
/s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
Title: Managing Director
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/s/ Xxxxxxx Xxxxxxxx |
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Name: Xxxxxxx Xxxxxxxx
Title: Managing Director
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Accepted and agreed:
/s/ Xxxxxx Xxxxxxxx |
XXXXXX XXXXXXXX
DATE: February 26, 2019
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