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Exhibit 10.6
February 4, 2021

Veresh Sita

Dear Veresh,

We are pleased to confirm our offer of employment with Avis Budget Group, Inc. (“Avis Budget” or “the Company”), as Executive Vice President, Chief Digital & Innovation Officer.  Your start date will be on or around April 1, 2021 and you will report directly to Joseph Ferraro, President and Chief Executive Officer.  Your base salary will be $19,230.77 paid on a bi-weekly basis, which equates to an annualized salary of $500,000.  

You will be eligible to participate in our annual incentive program. Your target under the program will be 100% of your base salary and will be prorated, if applicable, for actual days employed. Actual payouts will be determined by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) based upon the terms of the program. The Company retains the right in its sole discretion to amend, modify, suspend or rescind the program at any time and for any reason. 

You will receive a one-time sign-on cash bonus in the amount of $500,000, less applicable taxes and withholdings, payable after 90 days of employment.  In the event you voluntarily resign employment or are terminated for cause within one year of your start date, you agree that you will not have earned this bonus, and you therefore agree to repay the net amount of the bonus to the Company within 30 days of your last day of employment. 

You will receive a time-based restricted stock unit sign-on award of $1,500,000, upon approval by the Board, with an anticipated grant date in April 2021. The restricted stock units will cliff vest on the third anniversary of the grant date, subject to your continued employment through the vesting date. You will be eligible to participate in the Company’s Long Term Incentive Plan (“LTIP”) program with an annual target award value of $1,000,000. It is anticipated that your first annual LTIP award will occur in March 2022.  Equity awards under the Company’s LTIP program are determined by the Compensation Committee and in its sole discretion. The equity awards described in this paragraph will be subject to the terms and conditions of the Avis Budget Group, Inc. Amended and Restated Equity and Incentive Plan and the applicable award agreements, which include restricted covenants (including non-compete, non-solicit and confidentiality provisions).

Health and welfare benefits will become effective on the first calendar day of the month following your date of hire.  You will be eligible to participate in the 401K plan as soon as administratively possible, following your start date and subject to the terms and conditions of the plan guidelines. After one year of service, the Company will match individual contributions $1 for $1 up to 6% of your annual salary.  You will also be entitled to participate in certain executive level perquisite programs including Executive Car, Vehicle Lease, Financial Planning, Deferred Compensation, Executive Physical, and Umbrella Liability Insurance. Details of these benefits will be provided.  

This offer is contingent upon verification of your education, previous employment and satisfactory references, passing a drug test, a background check, and presentation of legally required documentation establishing your right to work in the United States, including compliance with Federal immigration and employment law requirements. 

Your employment with the Company is also contingent upon the following terms:

1. During your employment with the Company you will not engage in any activity that competes with or adversely affects the Company, nor will you begin to organize or develop any competing entity (or assist anyone else in doing so).

2. You will not disclose at any time (except for business purposes on behalf of the Company) any confidential or proprietary material of the Company. That material shall include, but is not limited 
			
	 Avis Budget Group, Inc.   6 Sylvan Way   Parsippany, New Jersey 07054

    

    

to, the names and addresses of customers, customer contacts, contracts, bidding information, business strategies, pricing information, and the Company’s policies and procedures.

3. You agree that all documents (paper or electronic) and other information related in any way to the Company shall be the property of the Company, and will be returned to the Company upon the end of your employment with the Company.

Please indicate your acceptance of this offer by signing below and returning an executed copy of this letter to me.  Per the Company’s standard policy, this letter is not intended nor should it be considered as an employment contract for a definite for indefinite period of time.  Employment with the Company is at will, and either you or the Company may terminate employment at any time, with or without cause. In addition by signing this letter, you acknowledge that this letter sets forth the entire agreement between you and the Company, regarding your employment with the Company, and fully supersedes any prior agreements or understanding, whether written or oral. 

Veresh, we are excited that you will be joining our Company. If there is anything further I can do to assist you, please do not hesitate to contact me at 973-496-3710.

Best Regards,

Ned Linnen
EVP & CHRO
Avis Budget Group

Understood and accepted:

/s/ Veresh Sita                     2/4/21    
Veresh Sita                       Date

Enclosures
cc:    J. Ferraro / B. Hees / J. Sera / K. Richards / K. Sarma
			
	 Avis Budget Group, Inc.   6 Sylvan Way   Parsippany, New Jersey 07054Document

Exhibit 10.73

JOINDER AGREEMENT

THIS  JOINDER AGREEMENT  (the “Agreement”),  dated as of December 30, 2021, is by and between (i) CARLING TECHNOLOGIES, INC., a Connecticut corporation (the “Subsidiary”), and (ii) BANK OF AMERICA, N.A., in its capacity as Agent under that certain Amended and Restated Credit Agreement (as it may be amended, modified, restated or supplemented from time to time, the “Credit Agreement”), dated as of April 3, 2020, by and among LITTELFUSE, INC., a Delaware corporation (the “Company”), the Designated Borrowers, the Guarantors, the Lenders and Bank of America, N.A., as Agent. All of the defined terms in the Credit Agreement are incorporated herein by reference.

The Loan Parties are required by Section 6.12 of the Credit Agreement to cause the Subsidiary to become a “Guarantor”.

Accordingly, the Subsidiary hereby agrees as follows with the Agent, for the benefit of the Lenders:

1.The Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary will be deemed to be a party to the Credit Agreement and a “Guarantor” for all purposes of the Credit Agreement, and shall have all of the obligations of a Guarantor thereunder as if it had executed the Credit Agreement. The Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to the Guarantors contained in the Credit Agreement. Without limiting the generality of the foregoing terms of this paragraph 1, the Subsidiary hereby jointly and severally together with the other Guarantors, guarantees to each Lender and the Agent, as provided in Article XI of the Credit Agreement, the prompt payment of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof.

2.The address of the Subsidiary for purposes of all notices and other communications is 8755 W. Higgins Road, Chicago, Illinois 60631, Attention: Assistant Treasurer (Facsimile No. 847-512-0340).

3.The Subsidiary hereby waives acceptance by the Agent and the Lenders of the guaranty by the Subsidiary under Article XI of the Credit Agreement upon the execution of this Agreement by the Subsidiary.

4.This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute one contract.

5.This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the Subsidiary has caused this Agreement to be duly executed by its authorized officers, and the Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written.

						
		CARLING TECHNOLOGIES, INC.
		
		
		By: /s/ Hans Weinburger

		Name: Hans Weinburger
		Title: Secretary
		
		
		
		Acknowledged and accepted: 
		BANK OF AMERICA, N.A.,
		as Agent
		
		By: /s/ Melissa Mullis

		Name: Melissa Mullis

		Title: Vice President
		
		

 

        

Schedule 1
TO JOINDER AGREEMENT
[Chief Executive Office, Tax Identification Number, Organization Identification Number
and Chief Place of Business of Subsidiary]

												
	SUBSIDIARY
	CHIEF EXECUTIVE OFFICE / CHIEF PLACE OF BUSINES
	ORGANIZATIONAL ID #
	US TAXPAYER
ID #

	Carling Technologies, Inc.
	8755 W. Higgins Road
Chicago, Illinois 60631Document

Exhibit 10.74

Subsidiary Guarantor Supplement
THIS SUBSIDIARY GUARANTOR SUPPLEMENT (the “Subsidiary Guarantor Supplement”), dated as of December 30, 2021 is made by CARLING TECHNOLOGIES, INC., a Connecticut corporation (the “Additional Subsidiary Guarantor”), in favor of the holders from time to time of the Notes issued pursuant to the Note Agreement described below:
Preliminary Statements:
    I.    Pursuant to the Note Purchase Agreement dated as of December 8, 2016 (as amended, modified, supplemented or restated from time to time, the “Note Agreement”), by and among Littelfuse, Inc., a Delaware corporation (together with any successor thereto that becomes a party to the Note Agreement pursuant to Section 10.2, the “Company”) and the Persons listed on the signature pages thereto (the “Purchasers”), the Company has issued and sold (i) $25,000,000 aggregate principal amount of its 3.03% Senior Notes, Series A, due February 15, 2022 (the “Series A Notes”) and (ii) $100,000,000 aggregate principal amount of its 3.74% Senior Notes, Series B, due February 15, 2027 (the “Series B Notes” and together with the Series A Notes as amended, restated or otherwise modified from time to time and including any such notes issued in substitution therefor, the “Notes” and individually a “Note”).
    II.    The Company is required pursuant to the Note Agreement to cause the Additional Subsidiary Guarantor to deliver this Subsidiary Guarantor Supplement in order to cause the Additional Subsidiary Guarantor to become a Subsidiary Guarantor under the Subsidiary Guaranty Agreement dated as of February 15, 2017 executed by certain Subsidiaries of the Company (together with each entity that from time to time becomes a party thereto by executing a Subsidiary Guarantor Supplement pursuant to Section 14.1 thereof, collectively, the “Subsidiary Guarantors”) in favor of each holder from time to time of any of the Notes (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Subsidiary Guaranty Agreement”).
    III.    The Additional Subsidiary Guarantor has received and will receive substantial direct and indirect benefits from the Company’s compliance with the terms and conditions of the Note Agreement and the Notes issued thereunder.
    IV.    Capitalized terms used and not otherwise defined herein have the definitions set forth in the Note Agreement.
Now therefore, in consideration of the funds advanced to the Company by the Purchasers under the Note Agreement and to enable the Company to comply with the terms of the Note Agreement, the Additional Subsidiary Guarantor hereby covenants, represents and warrants to the holders as follows:
The Additional Subsidiary Guarantor hereby becomes a Subsidiary Guarantor (as defined in the Subsidiary Guaranty Agreement) for all purposes of the Subsidiary Guaranty Agreement.  Without limiting the foregoing, the Additional Subsidiary 

Guarantor hereby (a) jointly and severally with the other Subsidiary Guarantors under the Subsidiary Guaranty Agreement (including the other Additional Subsidiary Guarantors party to this Subsidiary Guarantor Supplement), guarantees to the holders from time to time of the Notes the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) and the full and prompt performance and observance of all Guaranteed Obligations (as defined in Section 1 of the Subsidiary Guaranty Agreement) in the same manner and to the same extent as is provided in the Subsidiary Guaranty Agreement, (b) accepts and agrees to perform and observe all of the covenants set forth therein, (c) waives the rights set forth in Section 3 of the Subsidiary Guaranty Agreement, (d) agrees to perform and observe the covenants contained in Section 8 of the Subsidiary Guaranty Agreement, (e) makes the representations and warranties set forth in Section 9 of the Subsidiary Guaranty Agreement and (f) waives the rights, submits to jurisdiction, and waives service of process as described in Section 14.6 of the Subsidiary Guaranty Agreement.
Notice of acceptance of this Subsidiary Guarantor Supplement and of the Subsidiary Guaranty Agreement, as supplemented hereby, is hereby waived by the Additional Subsidiary Guarantor.
    The address for notices and other communications to be delivered to the Additional Subsidiary Guarantor pursuant to Section 13 of the Subsidiary Guaranty Agreement is set forth on the signature page below.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

In Witness Whereof, the Additional Subsidiary Guarantor has caused this Subsidiary Guarantor Supplement to be duly executed and delivered as of the date and year first above written.

						
		CARLING TECHNOLOGIES, INC.
		
		By: /s/ Hans Weinburger

		Name: Hans Weinburger
		Title: Secretary
		
		
		
		Notice Address for the Additional Subsidiary Guarantor:
		
		c/o Littelfuse, Inc.
		Attention: Legal Department
		8755 W. Higgins Road, Suite 500
		Chicago, IL 60631

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