AMENDED AND RESTATED EXECUTIVE AGREEMENT FOR DATA I/O CORPORATIONExecutive Agreement • November 13th, 2012 • Data I/O Corp • Instruments for meas & testing of electricity & elec signals • Washington
This Amended and Restated Agreement (the “Agreement”) is entered into this 25 day of October, 2012, by and between DATA I/O CORPORATION ("the Company") and Anthony Ambrose ("Executive"). Executive is an at-will employee of the Company. The parties wish to provide Executive with severance benefits if Executive's employment is terminated in connection with a change in control in the Company and other payments in connection with a change of control. At the time of the execution of the original agreement, the Executive entered into the Company's form of Confidentiality and Non-Competition Agreement for executive officers.
