Semtech Corporation Summary of Certain Compensation for Named Executive Officers
This document outlines specific compensation arrangements for Semtech Corporation's Named Executive Officers, including current and former Chief Financial Officers. It details monthly car allowances, reimbursement for business-related gasoline expenses, provision of company communication devices for business and personal use, and additional paid vacation time beyond the standard employee schedule. The summary clarifies that these benefits are provided in addition to regular compensation and are not otherwise included in the company's other reported exhibits.
Exhibit 10.1
Semtech Corporation
Summary of Certain Compensation for Named Executive Officers
Set forth below is a summary of certain of the Company’s compensation arrangements, not otherwise included in the Exhibits to this report, with its Named Executive Officers, as defined by applicable SEC regulations, including persons who are no longer with the Company
Semtech does not provide Company cars to the Named Executive Officers. However, Named Executive Officers, including CFO Emeka Chukwu, are paid a monthly car allowance of $637.50, which includes an allowance for maintenance and insurance, and paid for actual gasoline expenses. Payments for gasoline related to business use are accounted for as reimbursed business expenses and amounts paid for other gasoline expenses are accounted for as compensation.
The Company provides cellular telephones and/or other communication devices to the Named Executive Officers and certain other employees for business use. The Company permits personal use of these items without reimbursement. The incremental cost to the Company, if any, is negligible.
Former Chief Financial Officer David Franz received one additional week of paid vacation each year in addition to paid vacation based on the schedule that applies to employees generally.
Chief Financial Officer Emeka Chukwu receives one additional week of paid vacation each year in addition to paid vacation based on the schedule that applies to employees generally.
