Amendment to Executive Agreement Between Steven Hanson and ON Semiconductor Corporation

Summary

This amendment, dated February 25, 2003, modifies a prior agreement between Steven Hanson and ON Semiconductor Corporation (including Semiconductor Components Industries, L.L.C.). The amendment changes the terms regarding retiree medical and dental insurance, requiring the company to pay all premium costs for Hanson's Motorola retiree insurance for 18 months starting with the December 2002 premium. All other terms of the original agreement remain unchanged.

EX-10.19.D 5 p67750exv10w19wd.txt EX-10.19.D Exhibit 10.19d AMENDMENT This Amendment made this 25th day of February, 2003, by and between Steven Hanson (the "Executive"), ON Semiconductor Corporation and Semiconductor Components Industries, L.L.C. (collectively, the "Company"). WHEREAS, Company and Executive entered into an Agreement dated November 21, 2003; WHEREAS, Company and Executive wish to amend the Agreement, NOW THEREFORE, in consideration of the premises and the mutual covenants and promises contained herein and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company and the Executive hereby agree as follows: 1. Section 2(d) is deleted in its entirety and the following is substituted therefore: "Company agrees to pay all premium cost associated with Executive's retiree medical and dental insurance from Motorola for a period of eighteen (18) months commencing with the December 2002 premium." Except as otherwise amended above, all other provisions of the Agreement shall continue in full force and effect. ON SEMICONDUCTOR CORPORATION & SEMICONDUCTOR COMPONENTS INDUSTRIES, L.L.C. /s/ SONNY CAVE -------------------------------------- Name: Sonny Cave Title: Vice President and Secretary /s/ STEVEN HANSON -------------------------------------- Steven Hanson