Employment Agreement between Teradyne, Inc. and Walter Vahey (President, Systems Test Group)
This agreement is between Teradyne, Inc. and Walter Vahey, who is promoted to President, Systems Test Group, effective July 1, 2012. It outlines Mr. Vahey's obligations to report and assign inventions to the company, maintain confidentiality, avoid conflicts of interest, and restricts him from soliciting customers or employees for one year after voluntary resignation. The agreement applies globally and is governed by Massachusetts law. It supersedes prior agreements on these topics and requires disputes to be resolved in Massachusetts courts.
EXHIBIT 10.33
EMPLOYMENT AGREEMENT
I acknowledge that I have carefully read this Agreement and understand and agree to all the provisions in this Agreement.
The parties hereto agree that the effective date of this Agreement shall be July 1, 2012.
Signed at North Reading, MA, this 6th day of February 2013. |
Employee Signature: | /s/ Walter Vahey | Teradyne Signature: | /s/ Steve Fagerquist |