Semtech Corporation Deferred Compensation Arrangement with Anthony E. Giraudo
Semtech Corporation has agreed to make a one-time $30,000 contribution to Anthony E. Giraudo's account in its Executive Compensation Plan as an incentive for him to join as Chief Operating Officer. The contribution will become fully vested in four equal annual installments starting in May 2005, or sooner if Mr. Giraudo dies or becomes disabled.
Exhibit 10.2
Arrangement with Anthony E. Giraudo
As an inducement for Mr. Giraudo to join Semtech Corporation as Chief Operating Officer, the Company made a one-time contribution in the amount of $30,000 to his account in the Semtech Executive Compensation Plan, which is a deferred compensation plan. This contribution will vest in four equal annual installments beginning in May 2005, or earlier upon death or disability.
