Amendment to Offer Letter Between Methode Electronics, Inc. and Laura Kowalchik Dated January 21, 2025
Methode Electronics, Inc. and Laura Kowalchik have agreed to amend Laura's original offer letter dated August 27, 2024. The amendment extends the provision for temporary housing, specifying that any payments for temporary housing will be grossed up to cover applicable income and employment taxes. All other terms of the original offer letter remain unchanged. Laura is required to sign and return the amendment to confirm her agreement.
Exhibit 10.2
Methode Electronics, Inc.
8750 West Bryn Mawr Avenue, Suite 1000
Chicago, Illinois 60131
January 21, 2025
Dear Laura:
By this letter (this “Offer Letter Amendment”), we agree to amend certain terms of your Offer Letter dated as of August 27, 2024 (the “Offer Letter”) as follows.
The first sentence in the Offer Letter next to the heading “Relocation and Personal Travel” (which now reads “Temporary housing will be covered for a period of up to six (6) months.”) is deleted and replaced with the following sentence:
Temporary housing will be covered for a period of up to six (6) months, and any amounts paid to you for such temporary housing shall be grossed up for applicable income and employment taxes.
Except as modified by this Offer Letter Amendment, the Offer Letter shall remain in full force and effect.
Please sign, date and return a copy of this Offer Letter Amendment to Ms. Andrea Barry at the Company, and retain a copy for your records.
Sincerely,
METHODE ELECTRONICS, INC.
By: /s/ Bruce Crowther
Bruce Crowther
Chair of the Compensation Committee
ACKNOWLEDGMENT AND AGREEMENT
I have read and agree to the above terms and conditions.
/s/ Laura Kowalchik January 21, 2025
Laura Kowalchik Date
