Letter of Resignation and Retirement Agreement between Jack Gifford and Maxim Integrated Products, Inc. (January 26, 2007)
Jack Gifford is retiring from his part-time employment with Maxim Integrated Products, Inc., effective immediately, as outlined in a prior Memorandum of Understanding. He will vacate his current office, but the company will provide him with comparable office space near his home and retain his assistant, Candy Flett. The deadline for exercising his vested stock options will be extended in line with the company's policy for other officers, including any future extensions granted to them.
Exhibit 10.37
Maxim Integrated Products
120 San Gabriel Drive
Sunnyvale, California 94086
(408) 737-7600
January 26, 2007
Tunc Doluca
Chief Executive Officer
Maxim Integrated Products, Inc.
120 San Gabriel Drive
Sunnyvale, CA 94086
Dear Tunc:
I am retiring from my part-time employment, effective immediately, under the Binding Memorandum of Understanding (“MOU”) dated January 5, 2007.
I will give up my present office at Maxim, and consistent with Paragraph 12 of the MOU, the company will provide me with comparable office space, not located on Maxim’s campus but within a reasonable distance from my residence, and Candy Flett shall continue to serve as my assistant.
Also, it is understood and agreed that the deadline for me to exercise any vested options shall be extended in the same manner as the company has for other officers, including providing me the benefit of any further extensions that the company grants to other officers.
| Very truly yours, |
| /s/ Jack Gifford |
| Jack Gifford |
| ACCEPTED, JAN 26th 2007 |
| /s/ Tunc Doluca |
| /s/ Ed Medlin |
