Exhibit 10.60


 


	
          

  	
  Sanmina-SCI Corporation

  2700 North First Street

  San Jose, California 95134

  Tel (408) 964-3500

  



 


August
23, 2007


 


 


Joseph
R. Bronson


 


Dear Joe:


 


On behalf of Sanmina-SCI
Corporation, I am pleased to offer you the position of President and Chief Operating Officer, reporting to Jure Sola, Chairman & CEO. In this
position, you will be classified as an exempt employee, and you will receive a
base salary of $500,000.00 annually. You
will be paid bi-weekly in accordance with the Company’s payroll practices.


 


You will also be eligible
for a bonus payment in fiscal 2008. Your bonus payout will be based on the
attached annual bonus plan (consisting of actual achievement of revenue and
operating margin) or $200,000.00, whichever is greater. This bonus payment will
be made in accordance with the Company’s normal pay practices for bonuses.


 


As a regular full time
employee, you will be eligible to participate in the medical, life, and dental
coverages within the terms of the Company’s insurance plans in effect during
your employment. Enclosed is the 2007 Summary of Benefit Options which
describes the Benefit Plan in greater detail. You should be aware that the
terms of such insurance programs may be modified from time to time during the
course of employment with the Company.


 


In addition, Sanmina-SCI
offers a number of Company sponsored benefits, including a retirement Deferred
Savings Plan (401K), which you will be eligible to participate in, after
completing one month, of regular full-time employment.


 


You will also receive a
stock option grant of two hundred fifty thousand
(250,000) shares. Your stock option grant
date will be the fifteenth (15th) of the month, following your date
of hire.  One fifth of the shares subject to your stock option will be
exercisable after one year of service, and the remaining shares will become
exercisable in equal installments of 1/24 per month. Notwithstanding the
foregoing, if the 14  trading day average closing price of the
company’s common stock (the “average closing price”) reaches $10.00 or greater,
all options will vest immediately. The specific terms of this stock option
grant will be set forth in a definitive stock option agreement between you and
the Company.


 


In addition, you will
receive two hundred fifty thousand (250,000) shares of restricted stock (RSUs) to
fully vest at the end of three (3) years. This vesting period will be reduced
as per below if the 14 trading day average closing price of the company’s
common stock (the “average closing price”) reaches certain  performance hurdles:


 


•                  83.333 shares will be released if the
average closing price equals or exceeds $6.00


 


•                  An additional 83.333 shares will be
released if the average closing price equals or exceeds $8.00


 


•                  An additional 83.334 shares will be
released if the average closing price equals or exceeds $10.00


 


The terms of your RSUs
will be set forth in a definitive stock agreement between you and the Company.


 

















 


Your employment pursuant
to this offer is contingent on your executing and agreeing to be bound by the
terms and conditions of the Company’s standard Employee Propriety Information
and Inventions Agreement, a copy of which is attached. Employment with
Sanmina-SCI is also contingent upon you providing the Company with the legally
required proof of authorization to work in the United States.


 


You understand and
acknowledge that employment with the Company is for an unspecified duration and
constitutes “at-will” employment. You acknowledge that this employment
relationship may be terminated at any time, with or without cause or for any or
no cause, at the option of either you or the Company, with or without notice.


 


I sincerely hope that you
will accept our offer of employment and we look forward to working with you. I
would like you to begin your employment with Sanmina-SCI as soon as
practicable.


 


This offer is valid until
5:00pm (PST) August 29, 2007. Please acknowledge your receipt and acceptance of
our offer before this date by signing and returning a complete copy to my
attention in the enclosed envelope. Please keep one copy of the offer letter
for your records. We look forward to your joining the Sanmina-SCI team.


 


Sincerely,


 


	
  /s/ JURE SOLA

  	
   

  
	
  Jure Sola

  
	
  Chairman & CEO

  



 


 


Enclosures


 


Agreed to and accepted
this 28th day of August, 2007.


 


 


	
  /s/ JOSEPH R.BRONSON

  	
   

  	
  August 31, 2007

  	
   

  
	
  Joseph R. Bronson

  	
  Start Date