Amendment No. 1 to Amended Employment Agreement between Atmel Corporation and Steven Laub
This amendment updates the employment agreement between Atmel Corporation and Steven Laub, effective October 25, 2011. It changes certain date references in the original agreement from August 15, 2008, to May 23, 2011. All other terms of the original agreement remain unchanged. The amendment is signed by both parties and takes effect as of the stated date.
Exhibit 10.3
ATMEL CORPORATION
AMENDMENT NO. 1 TO AMENDED EMPLOYMENT AGREEMENT
This Amendment No. 1 to Amended Employment Agreement (the “Amendment”) is entered into effective as of October 25, 2011, by and between Atmel Corporation (the “Company”) and Steven Laub (“Executive”) and amends that certain Amended Employment Agreement (the “Amended Employment Agreement”) entered into effective as of May 31, 2009, by and between the Company and Executive.
1. Section 7 (a), Section 7(b) and Section 18 of the Amended Employment Agreement are hereby amended by deleting each of the references to the date “August 15, 2008” therein and by inserting the date “May 23, 2011” in the place and stead of each such reference.
2. Except as expressly amended by this Amendment, the Amended Employment Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, each of the parties has executed this Amendment, in the case of the Company by a duly authorized officer, as of the day, month and year written below.
| COMPANY: |
| EXECUTIVE: | ||
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| ATMEL CORPORATION |
| STEVEN LAUB | ||
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| /s/ S. Cumming |
| /s/ Steven Laub | ||
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| Date: | 10/10/11 |
| Date: | 10/25/11 |
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