Amendment to Employment Agreement between Fabrinet USA, Inc. and Nat Mani
This amendment updates the employment agreement between Fabrinet USA, Inc. and Nat Mani. It confirms that employment is at-will, allowing either party to end the relationship at any time, with or without notice or cause. However, if Nat Mani is terminated due to a change in control or without good cause, he will receive 12 months of base salary as severance, continued family medical coverage for that period, and any earned bonus. All other terms of the original agreement remain unchanged.
Exhibit 10.7.3
Fabrinet (USA)
4104 – 24th Street, Suite 345
San Francisco, CA 94114
Office: 925 ###-###-####
Fax: 815 ###-###-####
June 16, 2008
Nat Mani
[Home Address]
Ref: Amendment to the employment agreement dated January 8, 2001
Dear Nat,
Effective today, the provision of your employment with Fabrinet USA, Inc. (“FUSA”) regarding severance is modified as follows:
Employment with FUSA is on an at-will basis. Thus you are free to terminate your employment for any reason at any time with our without prior notice. Similarly, FUSA can terminate the employment relationship with or without cause or notice. However, in the event your employment is terminated: 1) as a result of a change in control; or, 2) without good cause, you will receive a severance equal to 12 months of your then present base salary, plus family medical coverage for the same period plus any earned bonus.
All other terms and conditions of your employment will remain the same as documented in your employment agreement dated January 8, 2001 and subsequent changes in salary, stock options, responsibilities and other allowances.
Sincerely,
| /s/ Tom Mitchell |
| Tom Mitchell |
| Chairman & CEO |
