SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.1
SECOND AMENDMENT TO
EMPLOYMENT AGREEMENT
EMPLOYMENT AGREEMENT
THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this “Second Amendment”), is entered
into as of March 10, 2011, by and between Opnext, Inc., a Delaware corporation (the
“Company”) and Xxxxxx X. Xxxxxx (“Executive”). Capitalized terms used and not
otherwise defined herein shall have the meanings ascribed to such terms in the Employment Agreement
(as defined below).
WHEREAS, the Company and Executive have entered into that certain Amended and Restated
Employment Agreement, dated as of December 31, 2008, as amended by the First Amendment thereto,
dated as of May 15, 2009 (the “Employment Agreement”), which sets forth the terms and
conditions of Executive’s employment by the Company; and
WHEREAS, the Company and Executive mutually desire to amend the Employment Agreement as set
forth in this Second Amendment.
NOW, THEREFORE, in consideration of the premises set forth herein and for other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Company and
Executive hereby amend the Employment Agreement as follows, effective as of March 10, 2011:
1. The first sentence of Section 7 of the Employment Agreement is hereby amended and
restated in its entirety as follows:
“The initial term (the “Initial Term”) of Executive’s employment under this
Agreement with Opnext shall be for a period of four (4) years, commencing on
the date hereof and ending on December 31, 2012.”
2. This Second Amendment shall be and is hereby incorporated in and forms a part of the
Employment Agreement.
3. Except as amended and set forth herein, the Employment Agreement shall continue in full
force and effect.
[Signature Page Follows]
IN WITNESS WHEREOF, this Second Amendment has been executed and delivered by the parties
hereto.
OPNEXT, INC.
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EXECUTIVE | |||||
By: | /s/ Xxxxx X. Xxxxx
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/s/ Xxxxxx X. Xxxxxx | ||||
Name: Xxxxx X. Xxxxx
| (Signature) | |||||
Its: Chairman and Chief Executive Officer
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Xxxxxx X. Xxxxxx | ||||||
(Print Name) |
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