Amendment No. 3 to Employee Matters Agreement between Mindspeed Technologies, Inc. and Conexant Systems, Inc.
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Summary
Mindspeed Technologies, Inc. and Conexant Systems, Inc. have agreed to extend certain provisions of their Employee Matters Agreement, originally signed in 2003, by one year to December 31, 2006. This amendment clarifies which employees are covered by specific sections and confirms that all other terms of the original agreement remain unchanged. The amendment is effective as of January 9, 2006 and is signed by authorized representatives of both companies.
EX-10.2 3 a17024exv10w2.htm EXHIBIT 10.2 Exhibit 10.2
EXHIBIT 10.2
AMENDMENT NO. 3 TO
EMPLOYEE MATTERS AGREEMENT
EMPLOYEE MATTERS AGREEMENT
THIS AMENDMENT NO. 3 to the Employee Matters Agreement (Amendment) is entered into as of January 9, 2006 between Mindspeed Technologies, Inc., a Delaware corporation, having a principal place of business at 4000 MacArthur Blvd. East Tower, Newport Beach, California 92660 (Mindspeed) and Conexant Systems, Inc., a Delaware corporation, having a principal place of business at 4000 MacArthur Blvd. West Tower, Newport Beach, California 92660 (Conexant).
PURPOSES
A. | Conexant and Mindspeed (the Parties) entered into an Employee Matters Agreement on June 27, 2003 as amended by Amendment No. 1 dated January 13, 2005 and Amendment No. 2 dated July 1, 2005 (Agreement). | ||
B. | The Parties have agreed to extend a portion of that Agreement for certain employees of both companies by amending the Agreement. |
AGREEMENT
NOW THEREFORE, in consideration of the foregoing and the mutual covenants contained herein and other good and valuable consideration, the Parties hereby agree as follows:
1. | In Sections 2.01(c), 2.02(a) and 2.02(b), replace the date December 31, 2005 with the date December 31, 2006. | ||
2. | For purposes of clarity, the Parties acknowledge that Section 2.01(c) of the Agreement only applies to the Parties employees as of June 27, 2003 while Section 2.02 applies to all of the Parties employees. |
Except as specifically modified by this Amendment, all terms and conditions of the Agreement, remain unchanged, in full force and effect and constitute the entire agreement between the Parties.
IN WITNESS WHEREOF, this Amendment has been executed by the duly authorized representatives of the Parties whose signatures appear below.
MINDSPEED TECHNOLOGIES, INC. | CONEXANT SYSTEMS, INC. | |||||
BY: /s/ | Bradley W. Yates | BY: /s/ | Michael H. Vishny | |||
NAME: | Bradley W. Yates | NAME: | Michael H. Vishny | |||
TITLE: | SVP & Chief Administrative Officer | TITLE: | SVP, Human Resources |