Exhibit (d)(3)
Siemens Information and
Communications Networks
000 Xxxxxx Xxxxx Xxxxxxx
Xxxx Xxxxx, Xxxxxxx 00000
February 21, 2001
Xx. Xxxx Xxxxx
c/o Efficient Networks, Inc.
0000 Xxxxx Xxxx
Xxxxxx, Xxxxx 00000
Dear Xxxx:
Reference is hereby made to that certain employment agreement between you and
Efficient Networks, Inc. ("Efficient"), dated as of the date hereof (the
"Employment Agreement"). Capitalized terms used herein shall have the meanings
ascribed to them in the Employment Agreement.
It is understood and agreed that in connection with your employment under the
Employment Agreement, as the President of Access Solutions, you will have global
responsibilities in that function, both with Efficient and with Siemens AG
("SAG"), as the ultimate parent of Efficient following the Effective Time.
In addition, you recognize that as soon as practicable following the Effective
Time, you will enter into a separate employment agreement with SAG, regarding
your duties to be performed outside of the United States. At that time, your
aggregate base salary and annual bonus will be reallocated proportionately
between Efficient and SAG, based on the amount of services that you will be
performing in the United States and outside of the United States.
Sincerely,
/s/ Xxxxxx Xxxxx
---------------------------
CFO of Siemens ICN
ACCEPTED AND AGREED:
/s/ Xxxx Xxxxx
----------------------------
Xxxx Xxxxx
