Ronald Rosenzweig 23 July 2007 [Address] Subject: Amendment - Agreement June 1, 1999 - Revision Dear Ron;
Exhibit
10.1
Xxxxxx
Xxxxxxxxxx 23
July
2007
[Address]
Subject:
Amendment
- Agreement June 1, 1999 - Revision
Dear
Xxx;
This
is
to confirm the revision made by the Board of Directors Compensation and Human
Resources Committee meeting on 23 July 2007 to extend the Agreement dated June
1, 1999 between you and ANADIGICS, Inc. (and extended from July 2, 2002 through
July 2, 2003, from July 2, 2003 through July 2, 2004, from July 2, 2004 through
July 2, 2005, from July 2, 2005 through July 2, 2006 and from July 2, 2006
through July 2, 2007), regarding your employment by the Company. The existing
agreement set to expire July 2, 2007, will be extended with the following terms
and conditions:
| 1. |
Your
employment is extended for the period from July 2, 2007 through July
2,
2008 at 25% time as ANADIGICS
employee.
|
| 2. |
Your
base salary compensation shall be at the annual rate of $110,000 paid
biweekly.
|
| 3. |
All
other terms of your agreement dated June 1, 1999 remain intact as
part of
this extension.
|
If
you
are in agreement with the foregoing, please sign and return to Xxxx Xxxxxx,
a
copy of this letter.
Very
truly yours,
/s/
Xxxx
Xxxxxxx
Xx.
Xxxx
Xxxxxxx
President
& Chief Executive Officer
ANADIGICS,
Inc.
Accepted
and agreed to as stated.
/s/Xxxxxx
Xxxxxxxxxx
Xxxxxx
Xxxxxxxxxx
