Exhibit 10.1

 

 

Amendment to Employment Agreement [No. 3]

 

 

Att:

Mr. Pascal Rondé

On Grenoble, on 17 March 2020

 

 

Dear Sir,

Whereas, the parties previously entered into a retention incentive letter
agreement, dated October 2, 2018 (the “Retention Agreement”); and

 

Now, therefore, the parties have agreed to amend the Retention Agreement as set
forth below.

 

Any restricted stock unit (“RSU”) grants made on or after March 16, 2020 shall
not be subject to the 30 November 2020 acceleration provision described as the
first component of the retention incentive in the Retention Agreement. In other
words, any such RSU grants shall be subject solely to the terms and conditions
of the Cohu, Inc. 2005 Equity Incentive Plan, and not subject to the Retention
Agreement.

 

Except as expressly modified above, the other terms and conditions of the
Retention Agreement remain unchanged and in full force and effect. 

 

The English version of this agreement is provided for information purposes,
solely; in case of differences between the French and English versions, only the
French version shall prevail.

 

 

/s/ Luis Müller

______________________________________

Luis Müller

President and CEO

Cohu, Inc.

 

 

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I hereby confirm that I accept the terms and conditions of this retention
incentive as detailed above.

 

 

/s/ Pascal Rondé

                                                

 

Pascal Rondé