Document:

Exhibit
      10.1

    

      EMPLOYMENT
        AGREEMENT

      

      THIS
        EMPLOYMENT AGREEMENT is made and effective as of the 29th day of August 2005,
        by
        and between Diodes Incorporated, a Delaware corporation (the "Company"),
        and DR.
        KEH-SHEW LU (the "Employee"), with respect to the following facts:

      

      The
        Company desires to be assured of the continued association and services of
        the
        Employee in order to take advantage of his experience, knowledge and abilities
        in the Company's business, and is willing to employ the Employee, and the
        Employee desires to be so employed, on the terms and conditions set forth
        in
        this Agreement.

      

      ACCORDINGLY,
        on the basis of the representations, warranties and covenants contained herein,
        the parties hereto agree as follows:

      

      1. EMPLOYMENT

      

      1.1 Employment.
        The
        Company hereby employs the Employee as President and Chief Executive Officer,
        and the Employee hereby accepts such employment, on the terms and conditions
        set
        forth below, to perform during the term of this Agreement such services as
        are
        required hereunder.

      

      1.2 Duties. 
        The
        Employee shall render such services to the Company, and shall perform such
        duties and acts, as reasonably may be required by the Company's Board of
        Directors in connection with any aspect of the Company's business.

      

      1.3 Performance
        of Duty.
        The
        Employee shall devote such reasonable time, ability and attention to his
        duties
        hereunder as may be necessary to discharge such duties in a professional
        and
        businesslike manner.

      

      1.4 Indemnification.
        The
        Company shall, to the maximum extent permitted by applicable law, indemnify,
        defend and hold harmless the Employee from, against and in respect of any
        and
        all payments, damages, claims, demands, losses, expenses, costs, obligations
        and
        liabilities (including, but not limited to, attorney's fees and costs and
        the
        costs of investigation and preparation ) which, directly or indirectly, arise
        or
        result from or are related to the fact that the Employee is or was an employee,
        officer, director or agent of the Company. By way of evidencing such obligation
        and not limitation, the Company and Employee have previously entered into
        an
        Indemnification Agreement, a copy of which is attached hereto as Exhibit
        A.

      

      1.5 Trade
        Secrets.
        The
        Employee shall not, without the prior written consent of the Company's Board
        of
        Directors, disclose or use in any way, either during his employment by the
        Company or thereafter, except as required in the course of such employment,
        any
        confidential business or technical information or trade secret of the Company
        acquired in the course of such employment, whether or not patentable,
        copyrightable or otherwise protected by law, and whether or not conceived
        of or
        prepared by him (collectively, the "Trade Secrets"), including, without
        limitation, any confidential information concerning customer lists, products,
        procedures, operations,  investments, financing, costs, employees,
        purchasing, accounting, marketing, merchandising, sales, salaries, pricing,
        profits and plans for future development, the identity, requirements,
        preferences, practices and methods of doing business of specific parties
        with
        whom the Company transacts business, and all other information which is related
        to any product, service or business of the Company, other than information
        which
        is (or becomes, other than as a result of the breach hereof by the Employee)
        generally known in the industry in which the Company transacts business or
        is or
        may be acquired from public sources; all of which Trade Secrets are the
        exclusive and valuable property of the Company.

      

      
        
          
          

        

        
          -1-

          
            

          

        

        
          
          

        

      

      1.6 Noncompetition.

      

      (a) As
        used
        in this Agreement, the term "Competitive Activity" shall mean any participation
        in, assistance of, employment by, ownership of any interest in, acceptance
        of
        business from or assistance, promotion or organization of any person,
        partnership, corporation, firm, association or other business organization,
        entity or enterprise which, directly or indirectly, is engaged in, or
        hereinafter engages in, the development, production, marketing or selling
        of any
        product which is the same as or in competition with any line of business
        in
        which the Company is engaged, whether as an agent, consultant, employee,
        officer, director, investor, partner, shareholder, proprietor or in any other
        individual or representative capacity, but excluding the holding for investment
        of less than five percent (5%) of the outstanding securities of any corporation
        which are regularly traded on a recognized stock exchange. Competitive Activity
        shall not be deemed to include personal investment (including venture capital)
        activities of the Employee.

      

      (b) During
        his employment by the Company and for two (2) years from the beginning of
        the
        LOA (as set forth in Section 3.2 hereof), the Employee shall refrain, without
        the prior written consent of the Company in each instance, from engaging
        in any
        Competitive Activity which would be reasonably likely, as determined by the
        Company in its reasonable discretion, to result in the disclosure or use
        of any
        Trade Secrets.

      

      1.7 Tangible
        Items.
        All
        files, accounts, records, documents, books, forms, notes, reports, memoranda,
        studies, compilations of information, correspondence and all copies, abstracts
        and summaries of the foregoing, and all other physical items related to the
        Company, other than a merely personal item, whether of a public nature or
        not,
        and whether prepared by the Employee or not, are and shall remain the exclusive
        property of the Company and shall not be removed from the premises of the
        Company, except as required in the course of employment by the Company, without
        the prior written consent of the Company's Board of Directors in each instance,
        and upon the request of the Company the same shall be promptly returned to
        the
        Company by the Employee on  the expiration or termination of
        his
        employment by the Company or at any time prior thereto upon the request of
        the
        Company.

      

      1.8 Solicitation
        of Employees.
        During
        his employment by the Company and for two (2) years from the beginning of
        the
        LOA (as set forth in Section 3.2 hereof), the Employee shall not, directly
        or
        indirectly, either for his own benefit or purposes or the benefit or purposes
        of
        any other person, employ or offer to employ, call on, solicit, interfere
        with or
        attempt to divert or entice away any employee or independent contractor of
        the
        Company (or any person whose employment or status as an independent contractor
        has terminated within the six (6) months preceding the date of such
        solicitation) in any capacity if that person possesses or has knowledge of
        any
        Trade Secrets of the Company.

      

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      

      1.9 Injunctive
        Relief.
        The
        Employee hereby acknowledges and agrees that it would be difficult to fully
        compensate the Company for damages resulting from the breach or threatened
        breach of Sections 1.5, 1.6, 1.7 or 1.8 and, accordingly, that the
        Company
        shall be entitled to temporary and injunctive relief, including temporary
        restraining orders, preliminary injunctions and permanent injunctions, to
        enforce such provisions. This provision with respect to injunctive relief
        shall
        not, however, diminish the Company's right to claim and recover
        damages.

      

      2. COMPENSATION

      

      2.1 Compensation.
        As the
        total consideration for the services which the Employee renders hereunder,
        the
        Employee shall be entitled to the following:

      

      (i) an
        annual
        base salary of Three Hundred Thousand Dollars ($300,000.00), subject to such
        periodic increases, if any, as the Board of Directors may determine, less
        any
        applicable deduction therefrom for income tax or other applicable withholdings,
        payable in accordance with the Company's standard practices and
        procedures;

      

      (ii) participation
        in any executive bonus plan sponsored by the Company;

      

      (iii) prompt
        reimbursement of any and all reasonable and documented expenses (including,
        but
        not limited to, air fare, car rental, lodging, meals, business telephone
        and
        related travel expenses) incurred by the Employee from time to time in the
        performance of his duties hereunder, which reimbursement shall be made in
        accordance with the Company's policies and procedures as the same may be
        amended
        from time to time;

      

      (iv) such
        paid
        vacation as may be provided in accordance with the vacation policy of the
        company applicable to Employees in general, as the same may be amended from
        time
        to time;

      

      (v) participation
        in all plans or programs sponsored by the Company for employees in general,
        including, but not limited to, participation in any group health plan, medical
        reimbursement plan, life insurance plan, pension and profit sharing plan,
        or
        stock option plan;

      

      (vi) a
        life
        insurance policy with a death benefit in an amount equal to that existing
        on the
        date of this Agreement, payable as directed by the Employee;

      

      (vii) a
        disability insurance policy in the maximum insurable amount as defined by
        the
        policy.

      

      2.2 Illness.
        If the
        Employee shall be unable to render the services required hereunder on account
        of
        personal injuries or physical or mental illness, he shall continue to receive
        all payments provided in this Agreement; provided, however, that any such
        payment may, at the sole option of the Company, be reduced by any amount
        that
        the Employee receives for the period covered by such payments as disability
        compensation under insurance policies, if any, maintained by the Company
        or
        under government programs.

      

      
        
          
          

        

        
          -3-

          
            

          

        

        
          
          

        

      

      3. TERM
        AND
        TERMINATION

      

      3.1 At
        will Relationship.
        

      

      (a) The
        Employee and the Company each hereby acknowledges and agrees that, except
        as
        expressly set forth in this Article 3, (i) the Employee's relationship
        with
        the Company under this Agreement is AT WILL and can be terminated at the
        option
        of either the Employee or the Company in his or its sole and absolute
        discretion, for any or no reason whatsoever, with or without cause, (ii) no
        representations, warranties or assurances have been made concerning the length
        of such relationship or the aggregate amount of compensation to be received
        by
        the Employee and (iii) after the termination of his employment by
        the
        Company, the Employee shall have no right, title or interest in or claim
        to any
        revenues received by the Company from any person for any goods sold or services
        rendered by the Company to such person, whether or not the Employee was the
        cause, in whole or in part, for such person to purchase such goods from the
        Company or to retain the Company to perform such services.

      

      (b) The
        term
        "cause" shall mean:

      

      (i) the
        willful and continued refusal of the Employee to substantially perform his
        duties in accordance with this Agreement (other than any such failure resulting
        from incapacity due to physical or mental illness), after a written demand
        for
        substantial performance is delivered to the Employee by the Board of Directors
        of the Company which specifically identifies the manner in which the Board
        of
        Directors believes that the Employee has not substantially performed such
        duties
        and the Employee shall have had a reasonable opportunity to remedy the same;
        or

      

      (ii) the
        conviction of, or a plea of nolo contendere by, the Employee to a felony;
        or

      

      (iii) a
        charge
        or indictment of a felony, the defense of which renders the Employee
        substantially unable to perform his duties under this Agreement.

      

      3.2 Duties
        Upon Termination.
        In the
        event that the Employee's employment under this Agreement is terminated by
        the
        Company without “cause” (as defined above), or the Company breaches the
        provisions of this Agreement, the Employee shall either (at the option of
        the
        Employee) immediately begin a one year paid leave of absence (the “LOA”) or the
        Employee may forego the LOA and other benefits set forth in this Section
        3.2 and
        terminate this Agreement in its entirety. During the LOA, Employee shall
        continue as a full time employee of the Company and shall continue to receive
        the salary, benefits and other compensation (except for the benefits set
        forth
        in Section 2.1(ii) above, which shall terminate at the beginning of the LOA)
        being received by the Employee immediately prior to the beginning of the
        LOA.
        Any benefits under Section 2.1(ii) shall be prorated as of the beginning
        of the
        LOA. During the LOA, the Employee shall not be required to perform any services
        for the Company, but shall have all other obligations (such as the duty of
        loyalty) owed by an employee to an employer, including those duties imposed
        by
        Sections 1.5, 1.6, 1.7, and 1.8 of this Agreement. The Company shall have
        no
        obligation to grant new stock options to the Employee during the LOA. At
        the
        expiration of the LOA, neither the Company nor the Employee shall have any
        remaining duties or obligations hereunder, except that  (i) the Company
        shall continue to pay or provide to the Employee, or his estate, the amount
        specified in Section 2.1(i) during the period commencing on the expiration
        of
        the LOA and ending on the first anniversary of such expiration (ii) all
        stock-based compensation previously granted to the Employee (including, but
        not
        limited to, all stock options, stock appreciation rights, bonus units and
        stock
        grants) shall continue to vest pursuant to the vesting schedule in effect
        when
        the stock based compensation was granted and shall remain fully exercisable
        for
        the full term thereof determined, both as to vesting and exercisability,
        without
        regard to the termination of employment and (iii) the Employee shall continue
        to
        be bound by Sections 1.5, 1.6, 1.7 and 1.8. Notwithstanding the foregoing,
        all
        such stock based compensation granted to Employee shall vest immediately
        (and be
        exercisable for the full term thereof) upon the occurrence of a Change in
        Control (as defined below) of the Company. As used herein, the term Change
        in
        Control shall have the same meaning as set forth in Section 2 of the Diodes
        Incorporated 2001 Omnibus Equity Incentive Plan. To the extent necessary
        to
        conform to this Section 3.3, the Company shall amend its 1993 Incentive Stock
        Option Plan (as amended and restated) and its 2001 Omnibus Equity Incentive
        Plan.

      

      
        
          
          

        

        
          -4-

          
            

          

        

        
          
          

        

      

      3.3 Non-Exclusivity
        of Rights.
        Nothing
        in this Agreement shall prevent or limit the Employee's continuing or future
        participation in any plan, program, policy or practice provided by the Company
        or any of its affiliated companies and for which the Employee may qualify,
        nor
        shall anything herein limit or otherwise affect such rights as the Employee
        may
        have under any contract or agreement with the Company or any of its affiliated
        companies. Amounts which are vested benefits or which the Employee otherwise
        is
        entitled to receive under any plan, policy, practice or program of or any
        contract or agreement with the Company or any of its affiliated companies
        at or
        subsequent to the date of termination shall be payable in accordance with
        such
        plan, policy, practice, program, contract or agreement except as explicitly
        modified by this Agreement.

      

      3.4 Full
        Settlement.
        The
        Company's obligation to make the payments provided for in this Agreement
        and
        otherwise to perform its obligations hereunder shall not be affected by any
        set-off, counterclaim, recoupment, defense or other claim, right or action
        which
        the Company may have against the Employee or others; provided, however, that
        in
        the event the Employee shall obtain employment within one year from the date
        of
        termination, any amount payable by the Company to the Employee under Section
        3.2
        shall be reduced by any amount received by the Employee during such one year
        in
        connection with such other employment. In no event shall the Employee be
        obligated to seek other employment or take any other action by way of mitigation
        of the amounts payable to the Employee under any provision of this Agreement.
        

      

      4. MISCELLANEOUS

      

      4.1 Severable
        Provisions.
        The
        provisions of this Agreement are severable, and if any one or more provisions
        may be determined to be illegal or otherwise unenforceable, in whole or in
        part,
        the remaining provisions, and any partially unenforceable provisions to the
        extent enforceable, shall nevertheless be binding and enforceable.

      

      

      
        
          
          

        

        
          -5-

          
            

          

        

        
          
          

        

      

      

      4.2 Successors
        and Assigns.

      

      (a) All
        of
        the terms, provisions and obligations of this Agreement shall inure to the
        benefit of and shall be binding upon the parties hereto and their respective
        heirs, representatives, successors and assigns. Notwithstanding the foregoing,
        this Agreement is personal to the Employee, and neither this Agreement nor
        any
        rights hereunder shall be assigned, pledged, hypothecated or otherwise
        transferred by the Employee (other than by will or the laws of descent and
        distribution) without the prior written consent of the Company in each
        instance.

      

      (b) The
        Company shall require any successor (whether direct or indirect, by purchase,
        merger, consolidation or otherwise) to all or substantially all of the business
        or assets of the Company to assume expressly and agree to perform this Agreement
        in the same manner and to the same extent that the Company would be required
        to
        perform it if no such succession had taken place. As used in this Agreement,
        "Company" shall mean the Company as hereinbefore defined and any successor
        to
        its business or assets as aforesaid which assumes and agrees to perform this
        Agreement by operation of law, or otherwise.

      

      4.3 Governing
        Law.
        The
        validity, construction and interpretation of this Agreement shall be governed
        in
        all respects by the laws of the State of California applicable to contracts
        made
        and to be performed wholly within that State.

      

      4.4 Headings.
        Section
        and subsection headings are not to be considered part of this Agreement and
        are
        included solely for convenience and reference and in no way define, limit
        or
        describe the scope of this Agreement or the intent of any provisions
        hereof.

      

      4.5 Entire
        Agreement.
        This
        Agreement constitutes the entire agreement between the parties hereto pertaining
        to the subject matter hereof, and supersedes all prior agreements,
        understandings, negotiations and discussions, whether oral or written, relating
        to the subject matter of this Agreement. No supplement, modification, waiver
        or
        termination of this Agreement shall be valid unless executed by the party
        to be
        bound thereby. No waiver of any of the provisions of this Agreement shall
        be
        deemed or shall constitute a waiver of any other provisions hereof (whether
        or
        not similar), nor shall such waiver constitute a continuing waiver unless
        otherwise expressly provided.

      

      4.6 Notices.
        Any
        notice or other communication required or permitted hereunder shall be in
        writing and shall be deemed to have been given (i) if personally delivered,
        when so delivered, (ii) if mailed, one (1) week after having been
        placed in
        the United States mail, registered or certified, postage prepaid, addressed
        to
        the party to whom it is directed at the address set forth below or (iii) if
        given by e-mail or telecopier, when such notice or other communication is
        transmitted to the e-mail or telecopier number specified below and the
        appropriate answerback or telephonic confirmation is received. Either party
        may
        change the address to which such notices are to be addressed by giving the
        other
        party notice in the manner herein set forth.

      

      
        
          
          

        

        
          -6-

          
            

          

        

        
          
          

        

      

      4.7 Mediation.
        The
        parties agree to mediate any dispute or claim between them arising out of
        this
        Agreement before resulting to court action. The mediation fees, if any, shall
        be
        divided equally among the parties and each side shall bear their own attorney’s
        fees. 

      

      4.8 Attorneys'
        Fees.
        In the
        event any party takes legal action to enforce any of the terms of this
        Agreement, the unsuccessful party to such action shall pay the successful
        party's expenses, including attorneys' fees and expenses, incurred in such
        action.

      

      4.9 Third
        Parties.
        Nothing
        in this Agreement, expressed or implied, is intended to confer upon any person
        other than the Company or the Employee any rights or remedies under or by
        reason
        of this Agreement.

      

      4.10 Termination
        of Prior Agreements.
        The
        rights and obligations of the Company and the Employee, if any, under any
        and
        all prior agreements, understandings and arrangements in respect of the
        Employee's employment by the Company ("Prior Agreements") hereby are terminated
        effective as of the date hereof. From and after the date hereof, neither
        the
        Company nor the Employee shall have any further rights or obligations whatsoever
        under the Prior Agreements.

      

      4.11 Consent
        to Jurisdiction.
        Each
        party hereto, to the fullest extent it may effectively do so under applicable
        law, irrevocably (i) submits to the exclusive jurisdiction of any
        court of
        the State of California or the United States of America sitting in the City
        of
        Los Angeles over any suit, action or proceeding arising out of or relating
        to
        this Agreement, (ii) waives and agrees not to assert, by way of motion,
        as
        a defense or otherwise, any claim that it is not subject to the jurisdiction
        of
        any such court, any objection that it may now or hereafter have to the
        establishment of the venue of any such suit, action or proceeding brought
        in any
        such court and any claim that any such suit, action or proceeding brought
        in any
        such court has been brought in an inconvenient forum, (iii) agrees
        that a
        judgment in any such suit, action or proceeding brought in any such court
        shall
        be conclusive and binding upon such party and may be enforced in the courts
        of
        the United States of America or the State of California (or any other courts
        to
        the jurisdiction of which such party is or may be subject) by a suit upon
        such
        judgment and (iv) consents to process being served in any such suit,
        action
        or proceeding by mailing a copy thereof by registered or certified air mail,
        postage prepaid, return receipt requested, to the address of such party
        specified in or designated pursuant to Section 4.6. Each party agrees
        that
        such service (i) shall be deemed in every respect effective service
        of
        process upon such party in any such suit, action or proceeding and
        (ii) shall, to the fullest extent permitted by law, be taken and held
        to be
        valid personal service upon and personal delivery to such party.

      

      4.12 Construction.
        This
        Agreement was reviewed by legal counsel for each party hereto and is the
        product
        of informed negotiations between the parties hereto. If any part of this
        Agreement is deemed to be unclear or ambiguous, it shall be construed as
        if it
        were drafted jointly by the parties. Each party hereto acknowledges that
        no
        party was in a superior bargaining position regarding the substantive terms
        of
        this Agreement.

      

      
        
          
          

        

        
          -7-

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
        as
        of the date and year first set forth above.

      

      
        	 	 	 
	Company:	
                DIODES
                  INCORPORATED

              
	 
 	 
 	 
 
	 	By:  	 /s/ Carl Wertz
	 	
                

              
	 	
                Authorized
                  Representative

                CARL
                  WERTZ,

                Chief
                  Financial Officer

              

      

       

      
        	 	 	 
	 	
              
	
                Employee:

              	By:  	 /s/ Dr. Keh-Shew Lu
	 	
                

              
	 	DR.
                KEH-SHEW LU

      

       

       

       

      
        
          
          

        

        
          -8-Exhibit
      10.2

    

      EMPLOYMENT
        AGREEMENT

      

      THIS
        EMPLOYMENT AGREEMENT is made and effective as of the 29th day of August 2005,
        by
        and between Diodes Incorporated, a Delaware corporation (the "Company"),
        and
        MARK KING (the "Employee"), with respect to the following facts:

      

      The
        Company desires to be assured of the continued association and services of
        the
        Employee in order to take advantage of his experience, knowledge and abilities
        in the Company's business, and is willing to employ the Employee, and the
        Employee desires to be so employed, on the terms and conditions set forth
        in
        this Agreement.

      

      ACCORDINGLY,
        on the basis of the representations, warranties and covenants contained herein,
        the parties hereto agree as follows:

      

      1. EMPLOYMENT

      

      1.1 Employment.
        The
        Company hereby employs the Employee as Senior Vice President of Sales and
        Marketing, and the Employee hereby accepts such employment, on the terms
        and
        conditions set forth below, to perform during the term of this Agreement
        such
        services as are required hereunder.

      

      1.2 Duties. 
        The
        Employee shall render such services to the Company, and shall perform such
        duties and acts, as reasonably may be required by the Company's Chief Executive
        Officer in connection with any aspect of the Company's business.

      

      1.3 Performance
        of Duty.
        The
        Employee shall devote such reasonable time, ability and attention to his
        duties
        hereunder as may be necessary to discharge such duties in a professional
        and
        businesslike manner.

      

      1.4 Indemnification.
        The
        Company shall, to the maximum extent permitted by applicable law, indemnify,
        defend and hold harmless the Employee from, against and in respect of any
        and
        all payments, damages, claims, demands, losses, expenses, costs, obligations
        and
        liabilities (including, but not limited to, attorney's fees and costs and
        the
        costs of investigation and preparation ) which, directly or indirectly, arise
        or
        result from or are related to the fact that the Employee is or was an employee,
        officer, director or agent of the Company. By way of evidencing such obligation
        and not limitation, the Company and Employee have previously entered into
        an
        Indemnification Agreement, a copy of which is attached hereto as Exhibit
        A.

      

      1.5 Trade
        Secrets.
        The
        Employee shall not, without the prior written consent of the Company's Board
        of
        Directors, disclose or use in any way, either during his employment by the
        Company or thereafter, except as required in the course of such employment,
        any
        confidential business or technical information or trade secret of the Company
        acquired in the course of such employment, whether or not patentable,
        copyrightable or otherwise protected by law, and whether or not conceived
        of or
        prepared by him (collectively, the "Trade Secrets"), including, without
        limitation, any confidential information concerning customer lists, products,
        procedures, operations,  investments, financing, costs, employees,
        purchasing, accounting, marketing, merchandising, sales, salaries, pricing,
        profits and plans for future development, the identity, requirements,
        preferences, practices and methods of doing business of specific parties
        with
        whom the Company transacts business, and all other information which is related
        to any product, service or business of the Company, other than information
        which
        is (or becomes, other than as a result of the breach hereof by the Employee)
        generally known in the industry in which the Company transacts business or
        is or
        may be acquired from public sources; all of which Trade Secrets are the
        exclusive and valuable property of the Company.

      

      
        
          
          

        

        
          -1-

          
            

          

        

        
          
          

        

      

      1.6 Noncompetition.

      

      (a) As
        used
        in this Agreement, the term "Competitive Activity" shall mean any participation
        in, assistance of, employment by, ownership of any interest in, acceptance
        of
        business from or assistance, promotion or organization of any person,
        partnership, corporation, firm, association or other business organization,
        entity or enterprise which, directly or indirectly, is engaged in, or
        hereinafter engages in, the development, production, marketing or selling
        of any
        product which is the same as or in competition with any line of business
        in
        which the Company is engaged, whether as an agent, consultant, employee,
        officer, director, investor, partner, shareholder, proprietor or in any other
        individual or representative capacity, but excluding the holding for investment
        of less than five percent (5%) of the outstanding securities of any corporation
        which are regularly traded on a recognized stock exchange. Competitive Activity
        shall not be deemed to include personal investment (including venture capital)
        activities of the Employee.

      

      (b) During
        his employment by the Company and for two (2) years from the beginning of
        the
        LOA (as set forth in Section 3.2 hereof), the Employee shall refrain, without
        the prior written consent of the Company in each instance, from engaging
        in any
        Competitive Activity which would be reasonably likely, as determined by the
        Company in its reasonable discretion, to result in the disclosure or use
        of any
        Trade Secrets.

      

      1.7 Tangible
        Items.
        All
        files, accounts, records, documents, books, forms, notes, reports, memoranda,
        studies, compilations of information, correspondence and all copies, abstracts
        and summaries of the foregoing, and all other physical items related to the
        Company, other than a merely personal item, whether of a public nature or
        not,
        and whether prepared by the Employee or not, are and shall remain the exclusive
        property of the Company and shall not be removed from the premises of the
        Company, except as required in the course of employment by the Company, without
        the prior written consent of the Company's Board of Directors in each instance,
        and upon the request of the Company the same shall be promptly returned to
        the
        Company by the Employee on  the expiration or termination of
        his
        employment by the Company or at any time prior thereto upon the request of
        the
        Company.

      

      1.8 Solicitation
        of Employees.
        During
        his employment by the Company and for two (2) years from the beginning of
        the
        LOA (as set forth in Section 3.2 hereof), the Employee shall not, directly
        or
        indirectly, either for his own benefit or purposes or the benefit or purposes
        of
        any other person, employ or offer to employ, call on, solicit, interfere
        with or
        attempt to divert or entice away any employee or independent contractor of
        the
        Company (or any person whose employment or status as an independent contractor
        has terminated within the six (6) months preceding the date of such
        solicitation) in any capacity if that person possesses or has knowledge of
        any
        Trade Secrets of the Company.

      

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      

      1.9 Injunctive
        Relief.
        The
        Employee hereby acknowledges and agrees that it would be difficult to fully
        compensate the Company for damages resulting from the breach or threatened
        breach of Sections 1.5, 1.6, 1.7 or 1.8 and, accordingly, that the
        Company
        shall be entitled to temporary and injunctive relief, including temporary
        restraining orders, preliminary injunctions and permanent injunctions, to
        enforce such provisions. This provision with respect to injunctive relief
        shall
        not, however, diminish the Company's right to claim and recover
        damages.

      

      2. COMPENSATION

      

      2.1 Compensation.
        As the
        total consideration for the services which the Employee renders hereunder,
        the
        Employee shall be entitled to the following:

      

      (i) an
        annual
        base salary of One Hundred Seventy-seven Thousand Dollars ($177,000.00),
        subject
        to such periodic increases, if any, as the Board of Directors may determine,
        less any applicable deduction therefrom for income tax or other applicable
        withholdings, payable in accordance with the Company's standard practices
        and
        procedures;

      

      (ii) participation
        in any executive bonus plan sponsored by the Company;

      

      (iii) prompt
        reimbursement of any and all reasonable and documented expenses (including,
        but
        not limited to, air fare, car rental, lodging, meals, business telephone
        and
        related travel expenses) incurred by the Employee from time to time in the
        performance of his duties hereunder, which reimbursement shall be made in
        accordance with the Company's policies and procedures as the same may be
        amended
        from time to time;

      

      (iv) such
        paid
        vacation as may be provided in accordance with the vacation policy of the
        company applicable to Employees in general, as the same may be amended from
        time
        to time;

      

      (v) participation
        in all plans or programs sponsored by the Company for employees in general,
        including, but not limited to, participation in any group health plan, medical
        reimbursement plan, life insurance plan, pension and profit sharing plan,
        or
        stock option plan;

      

      (vi) a
        life
        insurance policy with a death benefit in an amount equal to that existing
        on the
        date of this Agreement, payable as directed by the Employee;

      

      (vii) a
        disability insurance policy in the maximum insurable amount as defined by
        the
        policy.

      

      2.2 Illness.
        If the
        Employee shall be unable to render the services required hereunder on account
        of
        personal injuries or physical or mental illness, he shall continue to receive
        all payments provided in this Agreement; provided, however, that any such
        payment may, at the sole option of the Company, be reduced by any amount
        that
        the Employee receives for the period covered by such payments as disability
        compensation under insurance policies, if any, maintained by the Company
        or
        under government programs.

      

      
        
          
          

        

        
          -3-

          
            

          

        

        
          
          

        

      

      3. TERM
        AND
        TERMINATION

      

      3.1 At
        will Relationship.
        

      

      (a) The
        Employee and the Company each hereby acknowledges and agrees that, except
        as
        expressly set forth in this Article 3, (i) the Employee's relationship
        with
        the Company under this Agreement is AT WILL and can be terminated at the
        option
        of either the Employee or the Company in his or its sole and absolute
        discretion, for any or no reason whatsoever, with or without cause, (ii) no
        representations, warranties or assurances have been made concerning the length
        of such relationship or the aggregate amount of compensation to be received
        by
        the Employee and (iii) after the termination of his employment by
        the
        Company, the Employee shall have no right, title or interest in or claim
        to any
        revenues received by the Company from any person for any goods sold or services
        rendered by the Company to such person, whether or not the Employee was the
        cause, in whole or in part, for such person to purchase such goods from the
        Company or to retain the Company to perform such services.

      

      (b) The
        term
        "cause" shall mean:

      

      (i) the
        willful and continued refusal of the Employee to substantially perform his
        duties in accordance with this Agreement (other than any such failure resulting
        from incapacity due to physical or mental illness), after a written demand
        for
        substantial performance is delivered to the Employee by the Board of Directors
        of the Company which specifically identifies the manner in which the Board
        of
        Directors believes that the Employee has not substantially performed such
        duties
        and the Employee shall have had a reasonable opportunity to remedy the same;
        or

      

      (ii) the
        conviction of, or a plea of nolo contendere by, the Employee to a felony;
        or

      

      (iii) a
        charge
        or indictment of a felony, the defense of which renders the Employee
        substantially unable to perform his duties under this Agreement.

      

      3.2 Duties
        Upon Termination.
        In the
        event that the Employee's employment under this Agreement is terminated by
        the
        Company without “cause” (as defined above), or the Company breaches the
        provisions of this Agreement, the Employee shall either (at the option of
        the
        Employee) immediately begin a one year paid leave of absence (the “LOA”) or the
        Employee may forego the LOA and other benefits set forth in this Section
        3.2 and
        terminate this Agreement in its entirety. During the LOA, Employee shall
        continue as a full time employee of the Company and shall continue to receive
        the salary, benefits and other compensation (except for the benefits set
        forth
        in Section 2.1(ii) above, which shall terminate at the beginning of the LOA)
        being received by the Employee immediately prior to the beginning of the
        LOA.
        Any benefits under Section 2.1(ii) shall be prorated as of the beginning
        of the
        LOA. During the LOA, the Employee shall not be required to perform any services
        for the Company, but shall have all other obligations (such as the duty of
        loyalty) owed by an employee to an employer, including those duties imposed
        by
        Sections 1.5, 1.6, 1.7, and 1.8 of this Agreement. The Company shall have
        no
        obligation to grant new stock options to the Employee during the LOA. At
        the
        expiration of the LOA, neither the Company nor the Employee shall have any
        remaining duties or obligations hereunder, except that  (i) the Company
        shall continue to pay or provide to the Employee, or his estate, the amount
        specified in Section 2.1(i) during the period commencing on the expiration
        of
        the LOA and ending on the first anniversary of such expiration (ii) all
        stock-based compensation previously granted to the Employee (including, but
        not
        limited to, all stock options, stock appreciation rights, bonus units and
        stock
        grants) shall continue to vest pursuant to the vesting schedule in effect
        when
        the stock based compensation was granted and shall remain fully exercisable
        for
        the full term thereof determined, both as to vesting and exercisability,
        without
        regard to the termination of employment and (iii) the Employee shall continue
        to
        be bound by Sections 1.5, 1.6, 1.7 and 1.8. Notwithstanding the foregoing,
        all
        such stock based compensation granted to Employee shall vest immediately
        (and be
        exercisable for the full term thereof) upon the occurrence of a Change in
        Control (as defined below) of the Company. As used herein, the term Change
        in
        Control shall have the same meaning as set forth in Section 2 of the Diodes
        Incorporated 2001 Omnibus Equity Incentive Plan. To the extent necessary
        to
        conform to this Section 3.3, the Company shall amend its 1993 Incentive Stock
        Option Plan (as amended and restated) and its 2001 Omnibus Equity Incentive
        Plan.

      

      
        
          
          

        

        
          -4-

          
            

          

        

        
          
          

        

      

      3.3 Non-Exclusivity
        of Rights.
        Nothing
        in this Agreement shall prevent or limit the Employee's continuing or future
        participation in any plan, program, policy or practice provided by the Company
        or any of its affiliated companies and for which the Employee may qualify,
        nor
        shall anything herein limit or otherwise affect such rights as the Employee
        may
        have under any contract or agreement with the Company or any of its affiliated
        companies. Amounts which are vested benefits or which the Employee otherwise
        is
        entitled to receive under any plan, policy, practice or program of or any
        contract or agreement with the Company or any of its affiliated companies
        at or
        subsequent to the date of termination shall be payable in accordance with
        such
        plan, policy, practice, program, contract or agreement except as explicitly
        modified by this Agreement.

      

      3.4 Full
        Settlement.
        The
        Company's obligation to make the payments provided for in this Agreement
        and
        otherwise to perform its obligations hereunder shall not be affected by any
        set-off, counterclaim, recoupment, defense or other claim, right or action
        which
        the Company may have against the Employee or others; provided, however, that
        in
        the event the Employee shall obtain employment within one year from the date
        of
        termination, any amount payable by the Company to the Employee under Section
        3.2
        shall be reduced by any amount received by the Employee during such one year
        in
        connection with such other employment. In no event shall the Employee be
        obligated to seek other employment or take any other action by way of mitigation
        of the amounts payable to the Employee under any provision of this Agreement.
        

      

      4. MISCELLANEOUS

      

      4.1 Severable
        Provisions.
        The
        provisions of this Agreement are severable, and if any one or more provisions
        may be determined to be illegal or otherwise unenforceable, in whole or in
        part,
        the remaining provisions, and any partially unenforceable provisions to the
        extent enforceable, shall nevertheless be binding and enforceable.

      

      

      
        
          
          

        

        
          -5-

          
            

          

        

        
          
          

        

      

      

      4.2 Successors
        and Assigns.

      

      (a) All
        of
        the terms, provisions and obligations of this Agreement shall inure to the
        benefit of and shall be binding upon the parties hereto and their respective
        heirs, representatives, successors and assigns. Notwithstanding the foregoing,
        this Agreement is personal to the Employee, and neither this Agreement nor
        any
        rights hereunder shall be assigned, pledged, hypothecated or otherwise
        transferred by the Employee (other than by will or the laws of descent and
        distribution) without the prior written consent of the Company in each
        instance.

      

      (b) The
        Company shall require any successor (whether direct or indirect, by purchase,
        merger, consolidation or otherwise) to all or substantially all of the business
        or assets of the Company to assume expressly and agree to perform this Agreement
        in the same manner and to the same extent that the Company would be required
        to
        perform it if no such succession had taken place. As used in this Agreement,
        "Company" shall mean the Company as hereinbefore defined and any successor
        to
        its business or assets as aforesaid which assumes and agrees to perform this
        Agreement by operation of law, or otherwise.

      

      4.3 Governing
        Law.
        The
        validity, construction and interpretation of this Agreement shall be governed
        in
        all respects by the laws of the State of California applicable to contracts
        made
        and to be performed wholly within that State.

      

      4.4 Headings.
        Section
        and subsection headings are not to be considered part of this Agreement and
        are
        included solely for convenience and reference and in no way define, limit
        or
        describe the scope of this Agreement or the intent of any provisions
        hereof.

      

      4.5 Entire
        Agreement.
        This
        Agreement constitutes the entire agreement between the parties hereto pertaining
        to the subject matter hereof, and supersedes all prior agreements,
        understandings, negotiations and discussions, whether oral or written, relating
        to the subject matter of this Agreement. No supplement, modification, waiver
        or
        termination of this Agreement shall be valid unless executed by the party
        to be
        bound thereby. No waiver of any of the provisions of this Agreement shall
        be
        deemed or shall constitute a waiver of any other provisions hereof (whether
        or
        not similar), nor shall such waiver constitute a continuing waiver unless
        otherwise expressly provided.

      

      4.6 Notices.
        Any
        notice or other communication required or permitted hereunder shall be in
        writing and shall be deemed to have been given (i) if personally delivered,
        when so delivered, (ii) if mailed, one (1) week after having been
        placed in
        the United States mail, registered or certified, postage prepaid, addressed
        to
        the party to whom it is directed at the address set forth below or (iii) if
        given by e-mail or telecopier, when such notice or other communication is
        transmitted to the e-mail or telecopier number specified below and the
        appropriate answerback or telephonic confirmation is received. Either party
        may
        change the address to which such notices are to be addressed by giving the
        other
        party notice in the manner herein set forth.

      

      
        
          
          

        

        
          -6-

          
            

          

        

        
          
          

        

      

      4.7 Mediation.
        The
        parties agree to mediate any dispute or claim between them arising out of
        this
        Agreement before resulting to court action. The mediation fees, if any, shall
        be
        divided equally among the parties and each side shall bear their own attorney’s
        fees. 

      

      4.8 Attorneys'
        Fees.
        In the
        event any party takes legal action to enforce any of the terms of this
        Agreement, the unsuccessful party to such action shall pay the successful
        party's expenses, including attorneys' fees and expenses, incurred in such
        action.

      

      4.9 Third
        Parties.
        Nothing
        in this Agreement, expressed or implied, is intended to confer upon any person
        other than the Company or the Employee any rights or remedies under or by
        reason
        of this Agreement.

      

      4.10 Termination
        of Prior Agreements.
        The
        rights and obligations of the Company and the Employee, if any, under any
        and
        all prior agreements, understandings and arrangements in respect of the
        Employee's employment by the Company ("Prior Agreements") hereby are terminated
        effective as of the date hereof. From and after the date hereof, neither
        the
        Company nor the Employee shall have any further rights or obligations whatsoever
        under the Prior Agreements.

      

      4.11 Consent
        to Jurisdiction.
        Each
        party hereto, to the fullest extent it may effectively do so under applicable
        law, irrevocably (i) submits to the exclusive jurisdiction of any
        court of
        the State of California or the United States of America sitting in the City
        of
        Los Angeles over any suit, action or proceeding arising out of or relating
        to
        this Agreement, (ii) waives and agrees not to assert, by way of motion,
        as
        a defense or otherwise, any claim that it is not subject to the jurisdiction
        of
        any such court, any objection that it may now or hereafter have to the
        establishment of the venue of any such suit, action or proceeding brought
        in any
        such court and any claim that any such suit, action or proceeding brought
        in any
        such court has been brought in an inconvenient forum, (iii) agrees
        that a
        judgment in any such suit, action or proceeding brought in any such court
        shall
        be conclusive and binding upon such party and may be enforced in the courts
        of
        the United States of America or the State of California (or any other courts
        to
        the jurisdiction of which such party is or may be subject) by a suit upon
        such
        judgment and (iv) consents to process being served in any such suit,
        action
        or proceeding by mailing a copy thereof by registered or certified air mail,
        postage prepaid, return receipt requested, to the address of such party
        specified in or designated pursuant to Section 4.6. Each party agrees
        that
        such service (i) shall be deemed in every respect effective service
        of
        process upon such party in any such suit, action or proceeding and
        (ii) shall, to the fullest extent permitted by law, be taken and held
        to be
        valid personal service upon and personal delivery to such party.

      

      4.12 Construction.
        This
        Agreement was reviewed by legal counsel for each party hereto and is the
        product
        of informed negotiations between the parties hereto. If any part of this
        Agreement is deemed to be unclear or ambiguous, it shall be construed as
        if it
        were drafted jointly by the parties. Each party hereto acknowledges that
        no
        party was in a superior bargaining position regarding the substantive terms
        of
        this Agreement.

      

      

      
        
          
          

        

        
          -7-

          
            

          

        

        
          
          

        

      

      

      IN
        WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
        as
        of the date and year first set forth above.

      

      
        	 	 	 
	Company:	
                DIODES
                  INCORPORATED

              
	 
 	 
 	 
 
	 	By:  	 /s/ Dr. Keh-Shew Lu
	 	
                

              
	 	
                Authorized
                  Representative

                DR.
                  KEH-SHEW LU

                President
                  and CEO

              

      

       

      
        
          	 	 	 
	 	
                
	
                  Employee:

                	By:  	 /s/ Mark King
	 	
                  

                
	 	MARK
                  KING

        

       

      
        
          
          

        

        
          -8-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]