Re: Transaction Bonus AgreementTransaction Bonus Agreement • May 13th, 2008 • Cherokee International Corp • Electronic components, nec • California
Cherokee International Corporation (the “Company”) has decided to grant selected employees of the Company an opportunity to receive a cash bonus (“Transaction Bonus”) on the terms and conditions set forth in this letter agreement (this “letter agreement”) in the event there is a Company Sale (as defined below). The purpose of this letter agreement is to notify you that you have been selected to become eligible for a Transaction Bonus and to set forth the terms and conditions of your opportunity.
April 14, 2008 Jeffrey M. Frank Coto De Caza, CA 92679 Re: Transaction Bonus Agreement Dear Mr. Frank:Transaction Bonus Agreement • May 13th, 2008 • Cherokee International Corp • Electronic components, nec • California
Cherokee International Corporation (the “Company”) has decided to grant selected employees of the Company an opportunity to receive a cash bonus (“Transaction Bonus”) on the terms and conditions set forth in this letter agreement (this “letter agreement”) in the event there is a Company Sale (as defined below). The purpose of this letter agreement is to notify you that you have been selected to become eligible for a Transaction Bonus and to set forth the terms and conditions of your opportunity.
