November 3, 2015 Young Joon Kim [address omitted] Dear YJ:Severance Agreement • November 6th, 2015 • MAGNACHIP SEMICONDUCTOR Corp • Semiconductors & related devices
In recognition of your considerable efforts on behalf of MagnaChip Semiconductor, Ltd. (the “Company”) and its affiliates, including MagnaChip Semiconductor Corporation (the “Parent”), and your anticipated future contributions to the Company and its affiliates, the Company has agreed to provide you with severance protection in connection with certain terminations of your employment, under the circumstances and on the terms described in this letter agreement (the “Agreement”).
MagnaChip Semiconductor, Ltd. 424, Teheran-ro, Gangnam-gu Seoul 135-738, Korea Office (82) 2-6903-3487 sanglyun.oh@magnachip.comOffer Letter • November 6th, 2015 • MAGNACHIP SEMICONDUCTOR Corp • Semiconductors & related devices
Reference is hereby made to the offer letter between MagnaChip Semiconductor, Ltd. and you dated April 15, 2013 (the “Offer Letter”). This letter (the “Amendment”) constitutes an amendment to the Offer Letter. The first sentence of the paragraph with the heading “Housing Support” in the Offer Letter is hereby amended and restated as set forth below. All other terms and conditions of the Offer Letter remain unchanged.
