International Rectifier Corporation and Michael Barrow Employment Terms Amendment Letter (August 2014)

Summary

This letter agreement between International Rectifier Corporation and Michael Barrow amends Mr. Barrow's original 2008 employment offer letter. Effective at the start of the company's 2015 fiscal year, Mr. Barrow's annual salary increases from $350,000 to $357,000, and the car allowance benefit is eliminated. The agreement is confirmed by both parties' signatures.

EX-10.2 3 irf-2014629xex102.htm EX-10.2 IRF-2014.6.29-EX10.2

EXHIBIT 10.2

August 14, 2014

Michael Barrow

Dear Mike:

Reference is made to your offer letter (“Offer Letter”) dated March 28, 2008, for your employment with International Rectifier Corporation (“Company”).

The purpose of this letter is to supplement the terms of the Offer Letter to memorialize an increase in base salary and elimination of car allowance effective as of the commencement of the Company’s 2015 fiscal year (“Effective Date”), as follows:


1.	Effective as of the Effective Date, your annual salary is increased from $350,000 per year to $357,000 per year; and


2.	Effective as of the Effective Date, all references in the Offer Letter to “Car Allowance” are hereby deleted and there shall be no further benefits thereunder.

Please indicate your agreement with the foregoing by signing where indicated below.

Regards,

INTERNATIONAL RECTIFIER CORPORATION

/s/ Lawrence Michlovich

By: Lawrence Michlovich

Its: Assistant Secretary

Acknowledged and agreed:

/s/ Michael Barrow

Michael Barrow

Date: 8/18/2014