EX-10.18



 Exhibit 10.18 
  

					
	



	  		  	     Ichor Systems USA / Austin
  

    200-C Parker Drive

    #600
     Austin, TX
78728
  
 tel +1 512 246 9092

fax +1 512 246 5195


 September 30, 2015 
 Philip
Barros 
 [Address] 
 Dear Phil, 

This letter serves as confirmation of the following provisions regarding your employment with Ichor Systems, Inc. 

Salary 
 Effective September 28, 2015, your earned
base salary will be $12,884.62 biweekly, which when annualized is equivalent to $335,000 per year. 
 Title 

Your title will be Chief Technology Officer. 
 Incentive
Bonus 
 You are eligible to participate in the Company’s incentive compensation plan. Eligibility is subject to the terms and conditions of the
plan and at the discretion of the Board of Directors. Your current target bonus is 50% of your annual base salary. Specific goals and requirements under this plan are communicated for each plan period under separate cover. This plan is subject to
change at any time at the Company’s discretion. 
 Success Bonus 

In the event that the company is successful in either an acquisition or IPO event, you will be eligible for a one-time bonus payment in the amount of $200,000.

 Stock Option & Equity Participation 
 As
you are aware, you currently participate in the Ichor Holdings, LTD 2012 Equity Incentive Plan. Vesting and other provisions will be in accordance with the plan document. 

Benefits 
 All other benefits such as Health &
Welfare, 401K, paid time off and related employee benefits remain unchanged. 
 Confidentiality 

You are fully bound by, and subject to the obligations of, Section 8.13 (Non-Compete; Non-Solicitation) of the Purchase Agreement per your signed Joinder to
Non-Compete and Non-Solicit. 
 Per company policy, your employment with Ichor Systems is at will. This means that either you or Ichor Systems may terminate
the employment relationship at any time, with or without cause, with or without notice. 







 With respect to the nature of your employment relationship with Ichor Systems, this constitutes the full,
complete, and final agreement between you and Ichor Systems. This agreement cannot be modified or amended unless done so in writing and signed by you, the Chief Executive Officer, and the Vice President of Human Resources for Ichor Systems.
Additionally, no element or elements of the compensation plan listed above can be assigned or transferred by you to any other person, company, or entity of any type. 

Sincerely, 
 Ichor Systems, Inc. 

 

	
	 /s/ Thomas Rohrs

	Thomas Rohrs
	Chief Executive Officer

  

	
	 /s/ Jennifer S. Speer

	Jennifer S. Speer
	Vice President Human Resources

 ACKNOWLEDGEMENT 

I, the undersigned, understand and agree to the terms and conditions of employment set forth in this letter. I understand and agree that the terms of this
letter supersede any and all prior or contemporaneous agreements and/or promises concerning the terms of my employment and that there are no other promises, expressed or implied, concerning the terms of my employment with Ichor Systems, Inc., other
than those expressly set forth or reference herein. 
  

					
	 /s/ Philip Barros
	 		  	         10/22/2015

	Philip Barros	 		  	Date