Amendment to Offer Letter between MagnaChip Semiconductor, Ltd. and Young-Joon Kim (July 27, 2015)
This document is an amendment to the original offer letter between MagnaChip Semiconductor, Ltd. and Young-Joon Kim, dated April 15, 2013. The amendment specifically updates the terms regarding housing support, stating that the company will provide Mr. Kim with a rental or lease apartment of approximately 248 square meters in the Gangnam area of Seoul, or another apartment as approved by the Compensation Committee. All other terms of the original offer letter remain unchanged. The amendment is effective upon acceptance by Mr. Kim's signature.
Exhibit 10.1
 | MagnaChip Semiconductor, Ltd. 424, Teheran-ro, Gangnam-gu Seoul 135-738, Korea Office (82) 2-6903-3487 ***@*** |
July 27, 2015
CONFIDENTIAL
Mr. Young-Joon Kim
Magnachip Semiconductor, Ltd.
424, Teheran-ro, Gangnam-gu
Seoul 135-738, Korea
Dear Mr. Kim:
Reference is hereby made to the offer letter between MagnaChip Semiconductor, Ltd. and you dated April 15, 2013 (the “Offer Letter”). This letter (the “Amendment”) constitutes an amendment to the Offer Letter. The first sentence of the paragraph with the heading “Housing Support” in the Offer Letter is hereby amended and restated as set forth below. All other terms and conditions of the Offer Letter remain unchanged.
“Housing Support. The Company will provide you with housing support in the form of a rental or lease unit (the “apartment”) with a floor space of approximately than 248 square meters (75 pyeong) in or about the Gangnam area of Seoul or such other apartment as may be approved by the Compensation Committee of the Board of Directors of MagnaChip Semiconductor Corporation.”
Please indicate your acceptance of this Amendment by signing in the space below.
| Sincerely, |
| MagnaChip Semiconductor, Ltd. |
| /s/ Sanglyun Oh |
| Sanglyun Oh |
| Senior Vice President, |
| HR & Corporate Support |
THIS AMENDMENT IS WHOLLY AGREED AND ACCEPTED BY:
| /s/ Young-Joon Kim |
| Young-Joon Kim |
