Semtech Executive Deferred Compensation Plan Statement
Semtech Corporation has created a deferred compensation plan for selected executives, allowing them to defer up to 100% of their salary. The plan includes a company matching contribution, with the match percentage varying by executive level: up to 20% for the CEO, CFO, and COO; up to 15% for Vice Presidents; and up to 10% for other eligible participants. The plan is overseen by the Compensation Committee of the Board of Directors. Additional documents related to the plan are referenced in the company's Form 10-K filing.
Exhibit 10.11
Statement Regarding the Semtech Executive Compensation Plan
The Company has established a deferred compensation plan under which executives selected by the Compensation Committee of the Board of Directors, including named executive officers, may defer up to 100% of their salary, as defined by the plan. Documents related to this plan are attached as Exhibits 10.12, 10.13 and 10.14 of this Form 10K.
As currently implemented, the Company will match dollar for dollar up to the first 20% of employee contributions for the Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer positions; up to the first 15% for participants at the Vice President level; and up to the first 10% for other participants.
