Severance and Change in Control Agreement (February 11th, 2011)
This Severance and Change in Control Agreement (this Agreement) amends the employment letter agreement dated February 6, 2009 (the Prior Agreement), by and between Atheros Communications, Inc. (the Company) and you. This Agreement supersedes any written or verbal relating to severance payments and benefits, including payments and benefits upon termination in the event of a change in control of the Company.
February 6, 2009 Jason Zheng Dear Jason: (February 11th, 2011)
I am pleased to offer you the position of Vice President and General Manager APAC working in our Shanghai, China facility, reporting to me in my role as President and CEO. Your base salary will be $275,000 less any applicable taxes. The Compensation Committee of the Board of Directors approved a temporary 20% base salary reduction for all executives in 2009, which would result in a change to your base salary to $220,000 starting March 1st.
Agreement (February 11th, 2011)
Atheros (Shanghai) Co., Ltd., a wholly foreign-owned enterprise with its business office at 690 Bibo Rd, Building 9, 4F, Zhangjiang High-Tech Park, Shanghai 201203, China (Atheros)