EXHIBIT 10.39
SUPPLEMENTAL EMPLOYMENT AGREEMENT
This supplemental employment agreement (the "Agreement") is entered into
this 28th day of August, 1998 (the "Effective Date") between Xxxxxx X. Xxxxx
("Executive") and VLSI Technology, Inc., a Delaware corporation (the
"Company") is intended to supplement that Employment Agreement between the
parties entered into on the same date.
The Company and Executive hereby agree as follows:
This Agreement shall not supersede or amend in any way that agreement
between the Company and Executive entered into as of July 8, 1998 (the "Prior
Agreement"), that Employment Agreement between the Company and Executive
entered into as of August 28, 1998,(the "Employment Agreement"), and any
other agreements, arrangements or programs dealing with Executive's
compensation for providing services to the Company.
In addition to the other compensation and benefits to be provided to
Executive under Executive's various agreements, arrangements and programs
with the Company, the Company agrees to provide the following benefits on the
same terms and conditions as set forth in the Employment Agreement except as
otherwise expressly set forth in this Agreement: (1) the installation of a
home security system of Executive's choosing for each of Executive's
residences either currently owned by Executive or acquired by Executive
during the term of the Employment Agreement or within three (3) years
thereafter, but in no event later than the sixth anniversary of the effective
date of the Employment Agreement, (2) the purchase for Executive of a new car
of Executive's choosing, or reimbursement to Executive for the cost of a new
car of Executive's choosing if such car has already been purchased, in 1998
and, if the Employment Agreement remains in effect for three years, in 2001,
(3) the provision of a driver/security guard for Executive's use of
Executive's choosing and the payment of the periodic service fees for the
home security system for Executive's residence or residences during the term
of the Employment Agreement, and (4) during the term of the Employment
Agreement, the payment for (or reimbursement to Executive of) a country club
membership at a club of Executive's choosing and the monthly dues for such
club membership.
The terms of Articles 4 through 7, inclusive, of the Employment
Agreement are hereby incorporated into this Agreement by reference.
IN WITNESS WHEREOF, Executive and a duly authorized representative of
the Company have executed this Agreement as of the day and year written
above.
VLSI TECHNOLOGY, INC. XXXXXX X. XXXXX
By: /s/ Xxxxxx X. Xxxxxxxx /s/ Xxxxxx X. Xxxxx
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Name: XXXXXX X. XXXXXXXX, MEMBER
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BOARD OF DIRECTORS
Title: VLSI TECHNOLOGY, INC.
