CREE, INC. CHANGE IN CONTROL AGREEMENT (for Chief Executive Officer)Change in Control Agreement • December 20th, 2012 • Cree Inc • Semiconductors & related devices • North Carolina
Cree, Inc. (the “Company”) and Charles M. Swoboda (“Executive”) entered into an Employment Agreement effective as of October 13, 2004, which was subsequently amended and restated effective as of August 21, 2007, and superseded and replaced with an Executive Change in Control Agreement dated August 18, 2008 (the “Existing Agreement”). This Chief Executive Change in Control Agreement (the “Agreement”) between Company and Executive supersedes and replaces the Existing Agreement as of the 17th day of December, 2012 (the “Effective Date”). Upon full execution and delivery of this Agreement and the exchange of good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties hereby agree to terminate the Existing Agreement as of the Effective Date.
