Amendment No. 1 to Employment Agreement between Semiconductor Components Industries, LLC and William Bradford

Summary

This amendment updates the employment agreement between Semiconductor Components Industries, LLC and William Bradford, Senior Vice President of Sales and Marketing. The main change increases the maximum amount the company will reimburse Mr. Bradford for certain relocation-related expenses in Belgium from $200,000 to $256,000. All other terms of the original agreement remain unchanged.

EX-10.39.B 7 p67750exv10w39wb.txt EX-10.39.B Exhibit 10.39b AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT FOR WILLIAM BRADFORD WHEREAS, Semiconductor Components Industries, LLC ("Company") and William Bradford ("Executive") entered into an Employment Agreement dated as of April 1, 2002 ("Agreement"); WHEREAS, all defined terms used herein shall have the meanings set forth in the Agreement unless specifically defined herein; WHEREAS, Section 2(h)(i) of the Agreement provides for a limit on Relocation Reimbursements ("Relocation Cap") in clause (G) as follows: "(G) certain termination charges, forfeitures, fees, penalties and expenses incurred by the Executive in Belgium associated with his relocation; provided that the Relocation Reimbursements shall not exceed $200,000."; and WHEREAS, the Company and the Executive now wish to amend the Agreement to increase the Relocation Cap found in Section 2(h)(i)(G) from $200,000 to $256,000 ("Amendment"). NOW, THEREFORE, for mutual consideration the receipt of which is hereby acknowledged, the Agreement is hereby amended as follows: 1. Section 2(h)(i) of the Agreement is hereby amended by replacing (G) of such Section with the following: "(G) certain termination charges, forfeitures, fees, penalties and expenses incurred by the Executive in Belgium associated with his relocation; provided that the Relocation Reimbursements shall not exceed $256,000." 2. Except as otherwise specifically provided in this Amendment, all terms and conditions of the Agreement shall remain in full force and effect. All defined terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement. IN WITNESS WHEREOF, the Executive and the Company have executed this Amendment as of the 20th date of March 2003. EXECUTIVE: WILLIAM BRADFORD, IN HIS INDIVIDUAL CAPACITY By: /s/ WILLIAM BRADFORD ------------------------------------- Name: William Bradford Title: Senior Vice President of Sales and Marketing COMPANY: SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC By: /s/ KEITH JACKSON ------------------------------------- Name: Keith Jackson Title: CEO