Duration: As agreed between you and the TE Chief Executive Officer.
Service for Other Companies: You will not be permitted to assume an employment or consulting position with any other company during the term of your employment with TE. You continue to be subject to any/all confidentiality, non-compete and non-solicitation obligations under the terms of the TE Connectivity Confidentiality and Invention Assignment Agreement previously executed by you in connection with your employment with TE and the Limited Non-Competition Agreement previously executed by you upon your acceptance of the terms and conditions of the Annual Incentive Plan, which agreements (collectively, the “Surviving Agreements”) remain in full force and effect.
As a result of your stepping out of your role of President, Industrial Solutions, you will no longer be a Section 16 officer of the Company under U.S. securities laws and no longer be a member of the Swiss executive management under the Swiss Code of Obligations. However, since you will continue to have access to material non-public information regarding TE Connectivity, you will remain part of the trading window group and you will continue to be notified by email when the trading window opens and closes.
With the exception of the Surviving Agreements, this letter agreement supersedes any and all prior employment agreements including your Executive Employment Agreement dated December 15, 2015, which shall terminate effective October 1, 2020, unless earlier terminated pursuant to its terms.
Please sign below to signify your agreement.
/s/ Tim Murphy
SVP, Chief Human Resources Officer
/s/ Kevin Rock
Kevin RockDate: September 30, 2020