Document:

Exhibit

EXHIBIT 4.1

DESCRIPTION OF SECURITIES 
REGISTERED UNDER SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

The information contained herein regarding the Littelfuse, Inc. securities is a summary only and does not purport to be a complete description of the Littelfuse, Inc. certificate of incorporation, dated as of November 25, 1991, as amended April 25, 1997 (“Charter”), and the Littelfuse amended and restated bylaws, as amended January 24, 2019 (“Bylaws”) and is qualified in all material respects by the provisions of the Littelfuse, Inc. Charter and Bylaws, as filed with the Securities and Exchange Commission. 

Capital Stock

Under the Littelfuse, Inc. (“Littelfuse”) Charter, Littelfuse’s authorized capital stock consists of 34,000,000 shares of common stock, par value $0.01 per share, and 1,000,000 shares of preferred stock, par value $0.01 per share.

Common Stock

All outstanding shares of Littelfuse common stock are duly authorized, validly issued, fully paid and non-assessable.

Voting. Each holder of Littelfuse common stock is entitled to one vote per share held for the election of directors and on all other matters submitted to a vote of stockholders of Littelfuse. Cumulative voting is prohibited.

Each director to be elected by stockholders is elected by the vote of the majority of the votes cast at the meeting for the election of directors at which a quorum is present. "Majority of votes cast" means that the number of votes cast "for" a director's election exceeds the number of votes "withheld" or "against." In the event of a contested election of directors, directors are elected by the vote of a plurality of the votes cast at a meeting for the election of directors at which a quorum is present. With respect to all other matters submitted to a vote of stockholders of Littelfuse, a majority of the votes cast is required to take action.

Quorum. A majority of all of the shares of common stock entitled to vote, whether present in person or represented by proxy, constitutes a quorum for the transaction of business at a meeting.

Dividends and Other Distributions. Holders of Littelfuse common stock are entitled to receive such dividends, if any, as may be declared by the Littelfuse board of directors in its discretion out of funds legally available therefor, subject to any preferential dividend rights of any then outstanding preferred stock.

Liquidation Rights. Subject to any preferential rights of any then outstanding preferred stock, in the event of Littelfuse's liquidation, dissolution or winding-up, holders of Littelfuse common stock are entitled to share ratably in the net assets of Littelfuse remaining after payment of debts and other liabilities.

Other Rights. Holders of Littelfuse common stock are not entitled to preemptive rights with respect to any shares which may be issued, and there are no conversion rights or redemption, purchase, retirement or sinking fund provisions with respect to Littelfuse common stock.

Listing. Littelfuse's common stock is listed on The NASDAQ Global Select Market under the symbol "LFUS."

Transfer Agent. The transfer agent for Littelfuse's common stock is EQ Shareowner Services.

Preferred Stock

The Littelfuse board of directors may issue preferred stock in one or more series, with such designations, preferences, qualifications, limitations, restrictions and optional or other special rights (which may differ with respect to each series) as the board may fix by resolution.

Potential Anti-Takeover Effects of Various Provisions of Delaware Law and Littelfuse's Charter and Bylaws

The provisions of Delaware law and of the Littelfuse Charter and Bylaws described below, alone or in combination, could have an anti-takeover effect with respect to transactions not approved in advance by the directors of Littelfuse, including discouraging takeover attempts that could have resulted in a premium over the market price for shares of Littelfuse common stock. However, Littelfuse believes these provisions protect its stockholders from coercive or otherwise unfair takeover tactics by requiring potential 

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acquirers to negotiate with the board of directors of Littelfuse and by providing the board of directors of Littelfuse with more time and leverage in assessing an acquisition proposal. These provisions are not intended to make Littelfuse immune from takeovers. However, these provisions apply even if the acquisition proposal may be considered beneficial by some Littelfuse stockholders and could delay or prevent an acquisition that the board of directors of Littelfuse determines is not in the best interests of Littelfuse and its stockholders.

Delaware Law. Littelfuse is subject to Section 203 of the Delaware General Corporation Law (“Section 203”). This statute regulating corporate takeovers prohibits a Delaware corporation from engaging in any business combination with any "interested stockholder" (as such term is defined in Section 203) for three years following the time that such stockholder became an interested stockholder, unless:

		
	▪
	prior to such time, the board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder;

		
	▪
	upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (but not the outstanding voting stock owned by the interested stockholder) (i) shares owned by persons who are directors and also officers and (ii) shares owned by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

		
	▪
	at or subsequent to such time, the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock that is not owned by the interested stockholder.

Generally, a business combination as defined in Section 203 includes a merger, asset or stock sale or other transaction resulting in a financial benefit to the interested stockholder. An interested stockholder is defined in Section 203 as any person (other than the corporation and any direct or indirect majority-owned subsidiary of the corporation) that, together with such person's affiliates and associates, (i) owns (directly or indirectly, or otherwise has the right to acquire or the right to vote (other than a right to vote arising solely from a revocable proxy or consent)) 15% or more of a corporation's outstanding voting stock, or (ii) is an affiliate or associate of a corporation and was the owner (to the same extent as described in clause (i)) of 15% or more of the corporation's outstanding voting stock at any time within the three-year period immediately preceding a business combination of the corporation governed by Section 203.

Charter and Bylaw Provisions. The Littelfuse Charter and Bylaws:

		
	▪
	provide that special meetings of Littelfuse's stockholders may be called only by (i) the chairman of the board of directors or (ii) the board of directors pursuant to a resolution adopted by a majority of the total number of directors that Littelfuse would have if there were no vacancies;

		
	▪
	do not provide for a minimum or maximum number of directors;

		
	▪
	prohibit cumulative voting for directors;

		
	▪
	provide an advance written notice procedure with respect to stockholder proposals and nominations of candidates for election to the board of directors of Littelfuse; and

		
	▪
	authorize the board of directors of Littelfuse to establish one or more series of preferred stock, the terms of which can be determined by the board of directors of Littelfuse at the time of issuance.

2Exhibit

EXHIBIT 10.77

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”) made and entered into by and between Littelfuse Europe GmbH (the “Company”) and Alexander Conrad (the “Executive”), effective as of April 1, 2019.
In exchange and in consideration for the rights and benefits they each receive under this Agreement, the Parties, intending to be legally bound, agree as follows:
		
	1.
	Position and Duties.  The Executive shall continue to be employed as the Senior Vice President and General Manager, Passenger Vehicle Business.  The Executive will have all of the duties and responsibilities that are commensurate with such position, and such other duties, authorities and responsibilities as the Company may determine.  The Executive will report to the Company’s Chief Executive Officer.  Executive’s primary office shall be located in his residence in Braunfels, Germany. 

		
	2.
	Working Hours.  The Executive’s regular weekly working hours shall amount to 40 hours for five-day week.  The time of working hours shall depend on Company practices and operational requirements, as well as the travel activities of the Executive.  The Company reserves to the right to demand the performance of additional work that goes beyond normal working hours.  In the event of corresponding operational needs, the Executive is obligated to perform a reasonable amount of overtime exceeding the agreed working hours.  

		
	3.
	Compensation and Benefits.  The Executive is entitled to:

		
	a.
	Base Salary.  An annual base salary equal to EUR 251,450, subject to review and periodic increase in accordance with the Company’s policies and practices.  The Executive’s base salary will be paid on the last work day of each month in accordance with the Company’s normal payroll practices.  The aforementioned Base Salary shall settle all work of the Executive per this Agreement including any overtime, travel time etc.

		
	b.
	Bonus and Equity Plans.  Awards from Littelfuse, Inc. under the Littelfuse, Inc. Annual Incentive Plan and Littelfuse, Inc. Long-Term Incentive Plan, as they may be amended from time to time subject to U.S. law, as determined by Littelfuse, Inc. in its discretion and on a basis similar to senior executives of Littelfuse, Inc.  

		
	c.
	Vacation.  Thirty (30) days of paid vacation per year in accordance with the Company’s vacation policy as in effect from time to time.

		
	d.
	Benefits.  Participation in the Company’s group accident insurance and any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements for such other benefit plan; provided, however, that the Company may modify or terminate any employee benefit plan at any time, subject to compliance with applicable law.  The Company will make a contribution on the Executive’s behalf to the statutory pension insurance scheme and the statutory social insurance scheme, as required by law. In addition, the Executive will participate in the Company’s pension program in Germany (Allianz Pensionskasse), to which the Company will make an annual contribution on his behalf equal to at least five per cent (5%) of his annual base salary.

		
	e.
	Reimbursement for Business Expenses.  Reimbursement, upon presentation of appropriate documentation, in accordance with the Company’s expense reimbursement policy as in effect from time to time, for all reasonable business expenses (including reasonable business travel and expenses related to the Executive’s home office, such as office supplies, phone and internet) incurred in connection with the Executive’s performance of duties. 

		
	f.
	Perquisites.  The following perquisites, to be provided in accordance with the applicable Company or Littelfuse, Inc. policies as in effect from time to time:

		
	i.
	use of a Company-paid car for business and personal use according to the applicable car policy of the Company to be amended from time to time;

		
	ii.
	participation in an executive physical program,

		
	iii.
	financial planning and tax counseling services; and 

		
	iv.
	use of a Company-paid cell phone and personal computer.  

The Company may withhold from any and all amounts payable under this Agreement such taxes as may be required to be withheld pursuant to any applicable law or regulation.  The Executive’s receipt of a benefit or other special payment (e.g., bonus payments, equity awards) shall not entitle Executive to future awards or to a future level or amount of such awards.

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	4.
	Termination of Employment.  The Executive’s employment may be terminated by the Company or the Executive at any time upon three months’ prior written notice given at the end of any given calendar month or such longer period as required by law. The Company may request that the Executive refrain from providing services to the Company  during such notice period and the Company will continue to pay his base salary during such period e.g. if legal reasons prevent continuation of providing services, if cooperation in good faith is no longer to be expected or if business and trade secrets would be jeopardized.  Notwithstanding anything to the contrary, the Executive’s employment with the Company shall terminate at the end of the calendar month in which Executive reaches the statutory age of retirement.  Upon any termination of employment, the Executive will be paid his accrued but unused vacation in accordance with applicable law.  

		
	5.
	Disability.  If the Executive is prevented from working for the Company due to a incapacity to work, the Company shall continue to pay the Executive his base salary to the extent required by the legal provisions of the Entgeltfortzahlungsgesetz.  

		
	6.
	Change of Control.  Nothing in this Agreement will affect the Executive’s rights and entitlements under any Change of Control Agreement entered into between Littelfuse, Inc. and the Executive from time to time.   

		
	7.
	Inventions, Confidentiality, Return of Property.  

		
	a.
	The regulations of the Gesetz über Arbeitnehmererfindungen (Law Concerning Employee Inventions) in the version that was valid at the time of the claim shall apply for all employee inventions during the term of the Executive’s employment with the Company and its affiliates. 

		
	b.
	The Company is, at any stage of the production process, entitled to all work results produced during the term of the Executive’s employment with the Company or its affiliates which are protected by copyright.  The Company may require the hand-over of work, sketches and documents at any stage of the production process.  The Executive does not have a right of retention with respect to such work, sketches or documents and the exclusive right of use thereof, without any limitation in terms of time or territory, shall be transferred to the Company.  The rights of use are settled with the agreed remuneration.  

		
	c.
	All equipment and documents handed over to the Executive, such as samples, catalogs, price lists, drawings and maps, or created by the Executive (e. g. records, notes, discussion materials) in the course of his employment with the Company or its affiliates, shall remain the property of the Company.  Such materials must be returned to Company management during the term of the Executive’s employment with the Company upon the Company’s request and immediately (without request) upon the end of this Agreement.  The Executive shall refrain from asserting any rights of retention or rights of set-off.  Company security provisions must be observed. Written material, drawings and similar documents that are to be handled in a confidential manner must be kept under lock and key.

		
	d.
	The Executive shall keep secret all company and business secrets, particularly production processes, sales channels, lists of customers, bases for calculation, company software and comparable information, both for the duration of the Executive’s employment with the Company and its affiliates and after it has ended.  The duty of non-disclosure does not include knowledge that is accessible to anyone or whose dissemination is clearly not disadvantageous for the Company or an affiliate.  In case of doubt, however, technical, commercial and personal transactions and relationships, of which the Executive becomes aware in connection with his employment with the Company and its affiliates, shall be treated as confidential.  If the Executive is required to disclose information to third parties, an instruction must be retrieved from Company management as to whether a certain fact is to be treated as confidential or not.  The duty to maintain confidentiality shall also include the matters of other companies with which the Company is affiliated economically or organizationally.  If the post-contractual duty to maintain confidentiality on the part of the Executive impairs him in further career pursuits, the Executive is entitled  to be released by the Company from this duty.

		
	8.
	Miscellaneous.

		
	a.
	Entire Agreement.  This Agreement constitutes the entire agreement, and supersedes any and all prior agreements or understandings, between the Executive and the Company with respect to the subject matter hereof, whether written or oral, except for any Change of Control Agreement between the Executive and Littelfuse, Inc.  This Agreement supersedes and replaces all previous employment agreements between Executive and Company or its affiliates, including the employment agreement dated July 5, 2005 (as amended by addendums dated September 20, 2007 and August 22, 2012).  This Agreement may be amended or modified only by a written instrument executed by the Executive and the Company.

		
	b.
	Expiration  of Claims.  All claims resulting out of the Executive’s employment relationship with the Company must be asserted at least in textual form (e.g. email) by either party within a period of three months of their origin and, if such claims are denied, corresponding legal court action must be taken within an additional period of one month. Otherwise, such claims shall expire.  This does not apply to liability due to 

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gross negligence and intent, to any damage resulting from injury to life, limb or health and to mandatory statutory claims (including to statutory minimum wage claims).
		
	c.
	Overpayment.  The Company may demand the reimbursement of overpaid salary or other monetary amounts under the provisions governing the restitution of unjust enrichment.  The Executive shall not claim the omission of enrichment if the legally unfounded overpayment was so evident that he should have recognized the amounts as such or if the overpayment is based on circumstances attributed to the Executive. 

		
	d.
	Severability.  To the extent that any provision of this Agreement shall be invalid or unenforceable, it shall be considered deleted herefrom and the remainder of such provision and of this Agreement shall be unaffected and shall continue in full force and effect.

		
	e.
	Assignation, Pledging or Attachment.  The Executive may neither assign nor pledge as collateral his claims to remuneration without the consent of the Company.  If no such consent has been granted, measures of this kind shall be invalid against the Company and its affiliates and they may disregard them.

		
	f.
	Counterparts.  This Agreement may be executed in several counterparts, each of which will be deemed to be an original but all of which together will constitute one and the same instrument.

		
	g.
	Publication. The Executive is aware and agrees that this Agreement will be published pursuant to U.S. law.

		
	h.
	Governing Law.  This Agreement will be governed by and construed and enforced in accordance with the law of the Federal Republic of Germany, without regard to the choice of law principles thereof. Excluded from this are the claims specified under Section 3.b. above, which will be exclusively governed by and construed and enforced in accordance with the U.S. law and U.S. jurisdiction.

	
		
	 
	LITTLEFUSE EUROPE GmbH

By: /s/ Juergen Scheele
Name: Juergen Scheele
Title: Managing Director

	 
	/s/ Alexander Conrad

	 
	Alexander Conrad

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