AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.16.3
AMENDMENT TO EMPLOYMENT AGREEMENT
This AMENDMENT (this “Amendment”) is entered into as of the date it is executed by both
parties hereto (the “Amendment Effective Date”), by and between Conexant Systems, Inc., a Delaware
corporation (the “Company”), and Xxxx Xxxxxxxx (the “Executive”).
WHEREAS, the parties hereto previously entered into an employment agreement dated as of
February 18, 2008, as amended effective as of May 29, 2008 and April 22, 2009 (the “Employment
Agreement”); and
WHEREAS, the parties hereto wish to amend the Employment Agreement in accordance with the
terms set forth herein;
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
1. Section 9(e)(i) of the Employment Agreement is hereby amended and restated in its entirety
to read as follows:
“(i) payment by the Company to the Executive of a cash lump sum equal to:
(A) | any accrued but unpaid Base Salary through the Date of Termination and all other unpaid amounts, if any, which the Executive has accrued and is entitled to as of the Date of Termination; and | ||
(B) | one (1) times the Executive’s annual Base Salary;” |
2. Continued Validity of the Employment Agreement. Except as amended and superseded
by this Amendment, the Employment Agreement will remain in full force and effect, will continue to
bind the parties hereto, and will continue to govern the terms and conditions of the Executive’s
continued employment with the Company. To the extent that the terms of this Amendment conflict or
are inconsistent with the terms of the Employment Agreement, the terms of this Amendment will
govern.
3. Entire Agreement. This Amendment and the Employment Agreement, to the extent not
amended and superseded by this Amendment, constitute the entire agreement between the parties
hereto respecting the employment of the Executive with the Company (the “Entire Agreement”). There
being no representations, warranties, or commitments between the parties hereto except as set forth
in the Entire Agreement, the
Entire Agreement replaces and supersedes any other employment agreement or arrangement, oral
or written, between the Executive and the Company or any of its Affiliates or predecessors.
4. Amendment Effective Date. This Amendment will become binding once both parties
hereto have executed this Amendment. Once executed, this Amendment will be effective as of the
Amendment Effective Date.
5. Governing Law. This Amendment, the rights and obligations of the parties hereto,
and any claims or disputes relating thereto, will be governed by and construed in accordance with
the laws of the State of California (but not including the choice of law rules thereof).
6. Counterparts. This Amendment may be executed in several counterparts, each of
which shall be deemed to be an original, and all such counterparts when taken together shall
constitute one and the same original.
IN WITNESS WHEREOF, the undersigned have duly executed this Amendment, or have caused this
Amendment to be duly executed on their behalf, as of the day and year first written above.
CONEXANT SYSTEMS, INC. |
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By: | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | SVP, Human Resources | |||
XXXX XXXXXXXX |
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/s/ Xxxx Xxxxxxxx | ||||
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