Re: Amendment to Retention Bonus and Equity Award Amendments (February 19th, 2015)
This letter is an amendment (the "Amendment") to the Retention Bonus and Equity Award Amendments letter, dated October 4, 2013, between you and Applied Materials, Inc. (the "Original Agreement" and, together with this Amendment, the "Agreement"). Any capitalized terms used but not defined in this Amendment have the meanings assigned to them in the Original Agreement.
Re: Retention Bonus and Equity Award Amendments (December 4th, 2013)
As you know, on September 24, 2013, Applied Materials, Inc. ("Applied" or the "Company") announced a strategic combination with Tokyo Electron Limited (the "Transaction"). This Transaction is a large and highly complex undertaking that may take a lengthy period of time to complete. Your continued contributions as a part of Applied's deep and talented leadership team are critical to the Company in order to ensure the successful closing of the Transaction and post-closing planning and integration, while simultaneously leading the continued effective operations of Applied's business. Applied desires to recognize your continuing dedication to Applied and provide further incentive for you to remain with Applied through and beyond the Transaction with this agreement (the "Agreement"). We are pleased to offer to you the changes to your equity awards and the retention bonus that are described below. In order to accept these changes to your equity awards and the opportunity to earn the ret