Document:

Exhibit 10.10

 

 

December 26, 2008

 

Ilan
Daskal

1498
Saskatchewan Drive

Sunnyvale,
California 94087

 

Dear
Ilan:

 

Reference
is made to the (change-in-control) Severance Agreement by and between you and
International Rectifier Corporation, dated as of September 19, 2008 (the “Severance
Agreement”).

 

The
purpose of this letter is to supplement the terms of the Severance Agreement to
include terms and conditions designed to make any payments pursuant to the
Severance Agreement compliant with Section 409A of the Internal Revenue
Code of 1986, as amended (including the Treasury Regulations and other
published guidance related thereto) (“Section 409A”).

 

Your
Severance Agreement is hereby modified as follows; capitalized terms used but
not defined herein shall have the meaning ascribed to them in the Severance
Agreement:

 

1.                                       Severance.  Subject to the conditions of
payment described in Section 10 relating to specified employees, any Cash
Severance payable pursuant to Section 2(b) of the Severance Agreement
shall be paid in a cash lump sum on the 60th day following your “separation from service,”
provided you have promptly executed and delivered (and not revoked) a Release
Agreement within 50 days of your termination; provided, however,
that if you fail to execute and deliver such release, or you revoke such
release, you shall not be paid any Cash Severance pursuant to the Severance
Agreement.  For this purpose, a “separation
from service” shall be defined within the meaning of Treasury Regulation Section 1.409A-1(h)(1),
without regard to the optional alternative definitions available thereunder.

 

Except
as modified hereby, your Severance Agreement remains unmodified.  Please indicate your agreement with the
foregoing by signing where indicated below.

 

	
  Regards,

  	
   

  
	
   

  	
   

  
	
  INTERNATIONAL
  RECTIFIER CORPORATION

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Its:
   Assistant Secretary

  	
   

  
	
   

  	
   

  
	
  Acknowledged
  and agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Ilan
  Daskal

  	
   

  
	
  Date:Exhibit 10.11

 

 

December 29, 2008

 

Donald
R. Dancer

 

Dear
Don:

 

Reference
is made to the letter dated March 6, 2008 from International Rectifier
Corporation (the “Company”) to you regarding your compensation agreement
and severance agreement (the “Compensation Agreement Letter”).

 

The
purpose of this letter is to supplement the terms of the Compensation Agreement
Letter to include terms and conditions designed to make any payments pursuant
to the Offer Letter compliant with Section 409A of the Internal Revenue
Code of 1986, as amended (including the Treasury Regulations and other
published guidance related thereto) (“Section 409A”).

 

Your
Compensation Agreement Letter is hereby modified as follows:

 

1.             Special Severance Payment.  Notwithstanding anything to the contrary in
your Compensation Agreement Letter, you will only be entitled to receive the
benefits described in paragraph 4 thereof if you execute and deliver (and do
not revoke) a release agreement in the form set forth in paragraph 2(p) of
your Severance Agreement (as such term is defined in your Compensation
Agreement Letter) promptly but not later than fifty (50) days following your
termination.  Except to the extent the
specified employee provisions in Section 5 apply, any special severance
payment shall be made on the sixtieth (60th)
day following your separation from service.

 

2.             Gross-Up Payments.  Any gross-up payment due to you shall be made
by the end of the taxable year following the taxable year in which you remitted
the taxes to which the gross-up relates.

 

Except
as modified hereby, your Compensation Agreement Letter remains unmodified.  Please indicate your agreement with the
foregoing by signing where indicated below.

 

Regards,

 

	
  INTERNATIONAL
  RECTIFIER CORPORATION

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Its:
   Assistant Secretary

  	
   

  
	
   

  	
   

  
	
  Acknowledged
  and agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Donald
  R. Dancer

  	
   

  
	
  Date:Exhibit 10.12

 

 

December 29, 2008

 

Donald
R. Dancer

 

Dear
Don:

 

Reference
is made to the Severance Agreement, dated October 29, 2007,  entered into by and between you and
International Rectifier Corporation (the “Severance Agreement”).

 

The
purpose of this letter is to supplement the terms of the Severance Agreement to
include terms and conditions designed to make any payments pursuant to the
Severance Agreement compliant with Section 409A of the Internal Revenue
Code of 1986, as amended (including the Treasury Regulations and other
published guidance related thereto) (“Section 409A”).

 

Your
Severance Agreement is hereby modified as follows; capitalized terms used but
not defined herein shall have the meaning ascribed to them in the Severance
Agreement:

 

1.             Severance.  Subject to the conditions of payment
described in Section 10 relating to specified employees, any Cash
Severance payable pursuant to Section 2(b) of the Severance Agreement
shall be paid in a cash lump sum on the 60th day following
your “separation from service,” provided you have promptly executed and
delivered (and not revoked) a Release Agreement within 50 days of your
termination; provided, however, that if you fail to execute and
deliver such release, or you revoke such release, you shall not be paid any
Cash Severance pursuant to the Severance Agreement.  For this purpose, a “separation from service”
shall be defined within the meaning of Treasury Regulation Section 1.409A-1(h)(1),
without regard to the optional alternative definitions available thereunder.

 

Except
as modified hereby, your Severance Agreement remains unmodified.  Please indicate your agreement with the
foregoing by signing where indicated below.

 

Regards,

 

	
  INTERNATIONAL
  RECTIFIER CORPORATION

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Its:
   Assistant Secretary

  	
   

  
	
   

  	
   

  
	
  Acknowledged
  and agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Donald
  R. Dancer

  	
   

  
	
  Date:Exhibit 10.13

 

 

December 26, 2008

 

Michael
Barrow

42311 Gold Cup Lane

Murrieta, California 92562

 

Dear
Mike:

 

Reference
is made to the letter dated March 28, 2008 from International Rectifier
Corporation (the “Company”) to you regarding your terms of employment
(the “Offer Letter”).

 

The
purpose of this letter is to supplement the terms of the Offer Letter to
include terms and conditions designed to make any payments pursuant to the
Offer Letter compliant with Section 409A of the Internal Revenue Code of 1986,
as amended (including the Treasury Regulations and other published guidance
related thereto) (“Section 409A”).

 

Your
Offer Letter is hereby modified as follows:

 

1.             International Rectifier’s
Executive Relocation Package Benefits. 
..  Notwithstanding anything to the
contrary in your Offer Letter, in order to be eligible for the benefits
pursuant to the International Rectifier Executive Relocation Package, as
supplemented by your Offer Letter, you must be employed by the Company on the
date any reimbursements for eligible expenses are paid.  In addition, any gross-up payment due to you
shall be made by the end of the taxable year following the taxable year in
which you remitted the taxes to which the gross-up relates.

 

Except
as modified hereby, your Offer Letter remains unmodified.  Please indicate your agreement with the
foregoing by signing where indicated below.

 

Regards,

 

	
  INTERNATIONAL
  RECTIFIER CORPORATION

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Its:
   Assistant Secretary

  	
   

  
	
   

  	
   

  
	
  Acknowledged
  and agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Michael
  Barrow

  	
   

  
	
  Date:Exhibit 10.14

 

 

December 26, 2008

 

Michael
Barrow

42311
Gold Cup Lane

Murrieta,
California 92562

 

Dear
Mike:

 

Reference
is made to the (change-in-control) Severance Agreement entered into by and
between you and International Rectifier Corporation (the “Severance
Agreement”).

 

The
purpose of this letter is to supplement the terms of the Severance Agreement to
include terms and conditions designed to make any payments pursuant to the
Severance Agreement compliant with Section 409A of the Internal Revenue Code
of 1986, as amended (including the Treasury Regulations and other published
guidance related thereto) (“Section 409A”).

 

Your
Severance Agreement is hereby modified as follows; capitalized terms used but
not defined herein shall have the meaning ascribed to them in the Severance
Agreement:

 

1.             Severance.  Subject to the conditions of payment
described in Section 10 relating to specified employees, any Cash
Severance payable pursuant to Section 2(b) of the Severance Agreement
shall be paid in a cash lump sum on the 60th day following your “separation from service,”
provided you have promptly executed and delivered (and not revoked) a Release
Agreement within 50 days of your termination; provided, however,
that if you fail to execute and deliver such release, or you revoke such
release, you shall not be paid any Cash Severance pursuant to the Severance
Agreement.  For this purpose, a “separation
from service” shall be defined within the meaning of Treasury Regulation Section 1.409A-1(h)(1),
without regard to the optional alternative definitions available thereunder.

 

Except
as modified hereby, your Severance Agreement remains unmodified.  Please indicate your agreement with the
foregoing by signing where indicated below.

 

Regards,

 

	
  INTERNATIONAL
  RECTIFIER CORPORATION

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Its:
   Assistant Secretary

  	
   

  
	
   

  	
   

  
	
  Acknowledged
  and agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Michael
  Barrow

  	
   

  
	
  Date:

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