AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.151
AMENDMENT TO EMPLOYMENT AGREEMENT
This AMENDMENT TO EMPLOYMENT AGREEMENT (this Amendment) is entered into effective this 7th day of December, 2010 (the Effective Date), by and between Lam Research Corporation, a Delaware corporation (the Company), and Stephen G. Newberry (the Executive).
RECITALS
WHEREAS, the Executive and the Company (the Parties) previously entered into an employment agreement effective July 1, 2009 (the Employment Agreement and, as amended hereby, the Agreement); and
WHEREAS, in order to address a revision to the title of the Executive, the Parties desire to amend the Employment Agreement.
NOW, THEREFORE, in consideration of the promises and mutual covenants herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
AGREEMENT
Section 1(a) of the Employment Agreement is amended and restated to read, in its entirety, as follows:
Position. During the Employment Period (as defined in Section 2(a) below), the Executive shall serve as the Vice Chairman and Chief Executive Officer of the Company, and in such capacity the Executive shall perform the duties and responsibilities as the Board of Directors of the Company (the Board) may, from time to time, reasonably assign to Executive, in all cases to be consistent with Executives offices and positions.
[Signature page follows]
IN WITNESS WHEREOF, the Parties have duly executed this Agreement effective as of the day and year first written above.
LAM RESEARCH CORPORATION | ||
By: | /s/ Sarah A. ODowd | |
Name: | Sarah A. ODowd | |
Title: | Group Vice President, HR and Chief Legal Officer | |
Dated: | December 7, 2010 |
/s/ Stephen G. Newberry | ||
Stephen G. Newberry |
Dated: | December 7, 2010 |
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