Secondment Agreement by and among Autoliv Inc., Autoliv Asia ROH Co., Ltd., and Mr. Colin Naughton (June 1, 2025)
This agreement is between Autoliv Inc. (the Original Employer), Autoliv Asia ROH Co., Ltd. (the Host Company), and Mr. Colin Naughton. It sets out the terms for Mr. Naughton's temporary assignment to the Host Company in Thailand as President from June 1, 2025, to December 31, 2026. Mr. Naughton remains employed by Autoliv Inc. but will work under the Host Company's direction and receive specified salary and benefits. The agreement covers job duties, compensation, benefits, and conditions for return or extension of the assignment.
Exhibit 10.1
SECONDMENT AGREEMENT FOR MR. COLIN NAUGHTON
This Secondment Agreement (the "Agreement") is made and entered into on June 1, 2025, by and among:
In this Agreement, the Original Employer, the Host Company and the Executive may be referenced collectively as the “Parties”, or each individually as a “Party”.
Whereas:
NOW, THEREFORE, the Parties hereto mutually agree as follows:
Exhibit 10.1
Exhibit 10.1
Exhibit 10.1
Working Hours, working days, rest period, holidays and other working conditions shall be in accordance with the rules and policies of the Host Company. Leave days shall be as set forth in the Underlying Employment Agreement.
The Executive agrees and declares that all proprietary information, including without limitation, trade secrets, know-how, inventions, ideas, designs, developments, source code, methods and processes, patents, copyrights, and all other intellectual property rights in connection therewith developed by, or with the contribution of, the Executive’s efforts during employment with the Host Company, shall be the sole property of the Host Company (“Intellectual Property”). Should any of the aforementioned intellectual property vest in the Executive, the Executive shall assign and transfer to the Host Company all rights, title and interest, free and clear of all liens and encumbrances in and to all Intellectual Property conceived, contributed to, or developed or reduced to practice by the Executive, at any time during employment either in the past or in the future, whether alone
Exhibit 10.1
or jointly with others, and regardless of whether the results of efforts are at, or away from, the workplace, to the fullest extent permitted by law (hereafter “Assigned Intellectual Property”). The Assigned Intellectual Property shall be the sole property of the Host Company for the entire validity period of such Assigned Intellectual Property. To the extent such Intellectual Property is not transferable in any country, the Executive hereby grants the Host Company an irrevocable, worldwide, perpetual, royalty free, exclusive license to use, reproduce, sublicense and otherwise employ such Intellectual Property. The Executive shall execute all documents necessary to assign, transfer, or license such proprietary rights to the Host Company.
Exhibit 10.1
During the Secondment Period, the Host Company will collect various personal data of the Executive including, but not limited to, the Executive’s name, date of birth, identification card no. or passport no., address, contact number, and e-mail address. Some of the Executive’s personal data which is collected by the Host Company may be sensitive including, but not limited to, health, religious, and criminal records (collectively referred to as the “Executive’s Personal Data”). The Executive’s Personal Data will be collected, used, and processed for the purpose of managing human resources, managing and maintaining employment relationships, for various other legitimate business purposes, and as required by applicable laws. The Host Company may transfer, disclose, and share some, or all, of the Executive’s Personal Data with the Original Employer or other affiliated companies and service providers, both in Thailand and overseas. The Host Company will take the necessary steps to ensure that the destination countries will provide a reasonable and appropriate level of security, pursuant to the applicable laws, for any of the Executive’s Personal Data that is processed and transferred. However, the Executive understands and acknowledges that some of these recipients are located in countries which have no laws in respect to the protection of personal data, or laws which provide a lower level of protection. The Host Company will retain the Executive’s Personal Data for as long as it is deemed necessary for the Host Company’s business operations, or as required by law.
The Executive, as the data subject under the applicable laws, is entitled to rights in respect to the Executive’s Personal Data, as prescribed under applicable laws, which shall include right of access, right to data portability, right to erasure, and right to object.
Exhibit 10.1
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Exhibit 10.1
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first set forth above.
Signed: /s/ Manee Bagguley |
Signed: /s/ Ketmaneerat Chiyangkabud (Ketmaneerat Chiyangkabud, for and on behalf of the Host Company) |
Signed: /s/ Petra Albuschus (Petra Albuschus, EVP Human Resources and Sustainability for and on behalf of the Original Employer) |
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Signed: /s/ Colin Naughton |
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Signed: /s/ Ralph Bayne (Ralph Bayne, Witness) |
Signed: /s/ Suraphan S. (Suraphan S., Witness) |
Exhibit 10.1
JOB DESCRIPTION
1. | Department/Position | Administration / President Autoliv Asia ROH Co., LTD. (i.e. the ¨Company¨) |
2. | Objectives Main tasks of the employee
| President Autoliv Asia ROH Co., LTD. will oversee the strategic direction, operational execution, and financial performance of the Company.
This role requires a visionary leader with a deep understanding of the automotive industry, strong leadership skills, and the ability to drive innovation and efficiency.
This role will participate in and support vision and strategy development and decision-making for the Company. The President will lead, motivate, and develop the company’s management team and staff to achieve high performance and employee satisfaction.
Ensure compliance with all legal, regulatory, and corporate governance requirements.
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Exhibit 10.1
3. | Individual tasks of the employee
| Corporate Strategy Shaping Participate in the development of corporate strategy for the Company, providing functional leadership and challenge to test the viability of the strategy and contributing with creative ideas and insights to support the strategy formation process for the company.
Organizational Capability Building Identify the capabilities needed to meet the current and emerging business needs of the Company. Evaluate current capabilities, identify gaps, and prioritize development activities. Embed personal development and the fulfilment of personal potential in the culture of the organization.
Performance Management Set annual and long-term business-performance objectives and lead their delivery for the Company; manage and report on performance; hold direct reports accountable for achievement of business plans, and take corrective action where necessary to ensure achievement, balancing the need to deliver short-term business objectives with the longer-term delivery of stakeholder value.
Stakeholder Engagement Identify and manage stakeholders, finding out their needs, issues, and concerns and reacting to them by leading and coordinating the development of stakeholder engagement plans to support the communication of business information and decisions.
Strategy Formation and Implementation Develop the strategy for the Company. Ensure the strategy is successfully implemented and meets long-term business needs.
Business Planning Direct the development of annual and longer-term business plans for the Company ensuring alignment with strategy; quantify business outcomes, i.e., revenues or other key performance indicators (KPIs); set operating and capital expense budgets; and review and approve business cases for projects and programs that have a significant business impact.
Financial Management and Control Take overall responsibility for designing, developing, and delivering the Company’s financial management and/or control strategy. |
Exhibit 10.1
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Leadership and Direction Communicate the Company’s mission, vision, and values and its strategy for achieving these tenets; set and communicate the strategy and broad action plan for delivering these tenets; inspire the workforce to commit to these tenets and do extraordinary things to achieve the Company’s business goals.
Customer Relationship Development / Prospecting Develop and maintain professional interpersonal relationships with corporate senior executives of strategic potential accounts to facilitate business acquisition and retention.
Corporate Representation Represent the Company in a variety of industry, institutional, and/or professional forums, boards, and committees in order to enhance its visibility and reputation. Represent the Company in external relations with clients, industry, partners, the public, and others.
Improvement/Innovation Ensure future readiness by determining the Company’s innovation and change strategy. Drive innovation and operational excellence to improve products, services, and processes.
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4.
| Signature right
| On process documents that are according to procedures.
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