Document:

exv10w3

 

Exhibit 10.3

May 26, 2005

Mr. Allan Kline

34 Phillips Road

Sudbury, MA 01776

Re:     Change in Control / Severance Agreement

Dear Allan:

This letter sets out the severance arrangements concerning your employment with Skyworks Solutions,
Inc. (“Skyworks”).

1. Change of Control

	 	1.1.  	If: (i) a Change of Control occurs while you are employed by Skyworks and (ii) your
employment with Skyworks is involuntarily terminated without Cause or you terminate your
employment with Skyworks for Good Reason, in either case within one (1) year after the
Change of Control, then you will receive the benefits provided in Section 1.4 below.
	 
	 	1.2.  	“Change of Control” means an event or occurrence set forth in any one or more of
subsections (a) through (d) below (including an event or occurrence that constitutes a
Change of Control under one of such subsections but is specifically exempted from another
such subsection):

     (a) the acquisition by an individual, entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) (a “Person”) of beneficial ownership of any capital stock of the Company if, after
such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3
promulgated under the Exchange Act) 40% or more of either (x) the then-outstanding shares of
common stock of the Company (the “Outstanding Company Common Stock”) or (y) the combined
voting power of the then-outstanding securities of the Company entitled to vote generally in
the election of directors (the “Outstanding Company Voting Securities”); provided,
however, that for purposes of this subsection (a), the following acquisitions shall not
constitute a Change of Control: (i) any acquisition directly from the Company (excluding an
acquisition pursuant to the exercise, conversion or exchange of any security exercisable
for, convertible into or exchangeable for common stock or voting securities of the Company,
unless the Person exercising, converting or exchanging such security acquired such security
directly from the Company or an underwriter or agent of the Company), (ii) any acquisition
by the Company, (iii) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any corporation controlled by the Company, or (iv)
any

781.376.3000 www.skyworksinc.com   20 Sylvan Rd. Woburn, MA 01801 USA

 

 

Allan Kline

Page 2

May 26, 2005

acquisition by any corporation pursuant to a transaction which complies with clauses
(i) and (ii) of subsection (c) of this Section 1.2; or

     (b) such time as the Continuing Directors (as defined below) do not constitute a
majority of the Board (or, if applicable, the Board of Directors of a successor corporation
to the Company), where the term “Continuing Director” means at any date a member of the
Board (i) who was a member of the Board on the date of the execution of this Agreement or
(ii) who was nominated or elected subsequent to such date by at least a majority of the
directors who were Continuing Directors at the time of such nomination or election or whose
election to the Board was recommended or endorsed by at least a majority of the directors
who were Continuing Directors at the time of such nomination or election; provided,
however, that there shall be excluded from this clause (ii) any individual whose
initial assumption of office occurred as a result of an actual or threatened election
contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents, by or on behalf of a person other than the Board; or

     (c) the consummation of a merger, consolidation, reorganization, recapitalization or
statutory share exchange involving the Company or a sale or other disposition of all or
substantially all of the assets of the Company in one or a series of transactions (a
“Business Combination”), unless, immediately following such Business Combination, each of
the following two conditions is satisfied: (i) all or substantially all of the individuals
and entities who were the beneficial owners of the Outstanding Company Common Stock and
Outstanding Company Voting Securities immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of
common stock and the combined voting power of the then-outstanding securities entitled to
vote generally in the election of directors, respectively, of the resulting or acquiring
corporation in such Business Combination (which shall include, without limitation, a
corporation which as a result of such transaction owns the Company or substantially all of
the Company’s assets either directly or through one or more subsidiaries) (such resulting or
acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially
the same proportions as their ownership, immediately prior to such Business Combination, of
the Outstanding Company Common Stock and Outstanding Company Voting Securities,
respectively; and (ii) no Person (excluding any employee benefit plan (or related trust)
maintained or sponsored by the Company or by the Acquiring Corporation) beneficially owns,
directly or indirectly, 40% or more of the then outstanding shares of common stock of the
Acquiring Corporation, or of the combined voting power of the then-outstanding securities of
such corporation entitled to vote generally in the election of directors (except to the
extent that such ownership existed prior to the Business Combination); or

     (d) approval by the stockholders of the Company of a complete liquidation or
dissolution of the Company.

	 	1.3.  	“Good Reason” will mean (i) you are no longer assigned the duties of your current
position, (ii) you have been assigned duties inconsistent in any respect with your current
position, (iii) your annual base salary has been reduced, or (iv) the location at which you
perform your principal duties for Skyworks is moved to a new location that is more than 50
miles from the

 

 

Allan Kline

Page 3

May 26, 2005

	 	   	location at which you are performing your principal duties for Skyworks on the date of this
agreement.
	 
	 	1.4.  	On the date of any termination described in Section 1.1, (i) Skyworks will pay you a
lump sum equal to two (2) times your total annual compensation for the twelve month period
prior to the Change of Control, including all wages, salary, bonus (as described below) and
incentive compensation, whether or not includable in gross income for federal income tax
purposes; and (ii) all of your Skyworks stock options will become immediately exercisable
and, except as otherwise stated in this agreement, remain exercisable for a period of
twenty-four (24) months after the termination date, subject to their other terms and
conditions; and each outstanding restricted stock award and any other award that is based
upon the common stock of Skyworks shall become immediately vested. For purposes of the
preceding sentence, the bonus to be taken into account shall be the greater of your average
bonus for the three years prior to the year in which the Change of Control occurs or your
target bonus for the year in which the Change of Control occurs.
	 
	 	1.5.  	If any excise tax (the “Excise Tax”) under Section 4999 of the Internal Revenue Code of
1986 (the “Code”) is payable by you by reason of the occurrence of a change in the
ownership or effective control of Skyworks or a change in the ownership of a substantial
portion of the assets of Skyworks, determined in accordance with Section 280G(b)(2) of the
Code, then Skyworks shall pay you, in addition to the amount payable under Section 1.3, an
amount (the “Gross-Up Payment”) equal to the sum of the Excise Tax and the amount necessary
to pay all additional taxes imposed on (or economically borne by) you (including the Excise
Tax, state and federal income taxes and all applicable employment taxes) attributable to
the receipt of the Gross-Up Payment. For purposes of the proceeding sentence, all taxes
attributed to the receipt of the Gross-Up Payment shall be computed assuming the
application of the maximum tax rate provided by law.

2. Termination Without Cause

	 	2.1.  	If, while you are employed by Skyworks, your employment with Skyworks is involuntarily
terminated without Cause, then you will receive the benefits specified in Section 2.3
below. If your employment is terminated involuntarily by Skyworks for Cause or by you, you
will not be entitled to receive the benefits specified in Section 2.3 below. This Section
2.1 shall not apply if you are entitled to receive the benefits set forth in Section 1.3
above.
	 
	 	2.2.  	“Cause” will mean: (i) deliberate dishonesty significantly detrimental to the best
interests of Skyworks or any subsidiary or affiliate; (ii) conduct on your part
constituting an act of moral turpitude; (iii) willful disloyalty to Skyworks or refusal or
failure to obey the directions of the Board of Directors; (iv) incompetent performance or
substantial or continuing inattention to or neglect of duties assigned to you. Any
determination of Cause must be made by the full Board of Directors at a meeting duly
called, with you present and voting and, if you wish, with your legal counsel present.

 

 

Allan Kline

Page 4

May 26, 2005

	 	2.3.  	On the date of any termination described in Section 2.1, (i) Skyworks will pay you a
lump sum equal to (x) one and one-half (1 1/2) times your then current annual base salary,
plus (y) any bonus then due under Skyworks’ bonus plan, whether or not includable in gross
income for federal income tax; and (ii) all of your Skyworks stock options will, except as
otherwise stated in this agreement, remain exercisable for a period of 18 months after the
termination date, subject to their other terms and conditions.

3. Non-Competition

During the term of your employment with Skyworks and for the first twenty-four (24) months after
the date on which your employment with Skyworks is voluntarily or involuntarily terminated (the
“Noncompete Period”), you will not engage in any employment, consulting or other activity that
competes with the business of Skyworks or any subsidiary or affiliate of Skyworks (collectively,
the “Company”). You acknowledge and agree that your direct or indirect participation in the
conduct of a competing business alone or with any other person will materially impair the
business and prospects of Skyworks. During the Noncompete Period, you will not (i) attempt to
hire any director, officer, employee or agent of Skyworks, (ii) assist in such hiring by any
other person, (iii) encourage any person to terminate his or her employment or business
relationship with Skyworks, (iv) encourage any customer or supplier of Skyworks to terminate its
relationship with Skyworks, or (v) obtain, or assist in obtaining, for your own benefit (other
than indirectly as an employee of the Company) any customer of Skyworks. If any of the
restrictions in this Section 3 are adjudicated to be excessively broad as to scope, geographic
area, time or otherwise, said restriction shall be reduced to the extent necessary to make the
restriction reasonable and shall be binding on you as so reduced. Any provisions of this
section not so reduced will remain in full force and effect.

It is understood that during the Noncompete Period, you will make yourself available to the
Company for consultation on behalf of the Company, upon reasonable request and at a reasonable
rate of compensation and at reasonable times and places in light of any commitment you may have
to a new employer.

You understand and acknowledge that the Company’s remedies at law for breach of any of the
restrictions in this Section are inadequate and that any such breach will cause irreparable harm
to Skyworks. You therefore agree that in addition and as a supplement to such other rights and
remedies as may exist in Skyworks’ favor, Skyworks may apply to any court having jurisdiction to
enforce the specific performance of the restrictions in this Section, and may apply for
injunctive relief against any act which would violate those restrictions.

 

 

Allan Kline

Page 5

May 26, 2005

4. Death or Disability

In the event of your death at any time during your employment by Skyworks, all of your then
outstanding Company stock options, whether or not by their terms then exercisable, will become
immediately exercisable and remain exercisable for a period of one year thereafter, subject to
their other terms and conditions.

In the event of your disability at any time during your employment by Skyworks, all of your then
outstanding Company stock options, whether or not by their terms then exercisable, will become
immediately exercisable and remain exercisable so long as you remain an employee or officer of
Skyworks and for a period of one year thereafter, subject to their other terms and conditions.

5. Miscellaneous

All claims by you for benefits under this Agreement shall be directed to and determined by the
Board of Directors of the Company and shall be in writing. Any denial by the Board of Directors
of a claim for benefits under this Agreement shall be delivered to you in writing and shall set
forth the specific reasons for the denial and the specific provisions of this Agreement relied
upon. The Board of Directors shall afford a reasonable opportunity to you for a review of the
decision denying a claim. Any further dispute or controversy arising under or in connection
with this Agreement shall be settled exclusively by arbitration in Boston, Massachusetts, in
accordance with the rules of the American Arbitration Association then in effect. Judgment may
be entered on the arbitrator’s award in any court having jurisdiction. The Company agrees to
pay as incurred, to the full extent permitted by law, all legal, accounting and other fees and
expenses which you may reasonably incur as a result of any claim or contest (regardless of the
outcome thereof) by the Company, you or others regarding the validity or enforceability of, or
liability under, any provision of this Agreement or any guarantee of performance thereof
(including as a result of any contest by you regarding the amount of any payment or benefits
pursuant to this Agreement), plus in each case interest on any delayed payment at the applicable
Federal rate provided for in Section 7872(f)(2)(A) of the Code.

Notwithstanding anything in this letter to the contrary, no provision of this letter will
operate to extend the term of any option beyond the term originally stated in the applicable
option grant or option agreement. This agreement contains the entire understanding of the
parties concerning its subject matter. This agreement may be modified only by a written
instrument executed by both parties. This agreement replaces and supersedes all prior
agreements relating to your employment or severance. This agreement will be governed by and
construed in accordance with the laws of the Commonwealth of Massachusetts.

Neither you nor the Company shall have the right to accelerate or to defer the delivery of the
payments to be made under Section 1.4 or Section 2.3; provided, however, that if
you are a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the Internal Revenue
Code of 1986, as amended (the “Code”) and any of the payments to be made to you hereunder
constitute

 

 

Allan Kline

Page 6

May 26, 2005

“nonqualified deferred compensation” within the meaning of Section 409A of the Code, then the
commencement of the delivery of any such payments will be delayed to the date that is 6 months
after your date of termination.

Please sign both copies of this letter and return one to Skyworks.

	 	 	 
	Sincerely,

	 	AGREED TO:
	 
	 	 
	/s/ David J. Aldrich

	 	/s/ Allan Kline
	 

	 	 
	David J. Aldrich, President and CEO

	 	Allan Kline
	 
	 	 
	

	 	Date: May 26, 2005exv10w4

 

Exhibit 10.4

May 26, 2005

Mr. George LeVan

643 Old Bedford Road

Concord, MA 01742

Re:     Change in Control / Severance Agreement

Dear George:

This letter sets out the severance arrangements concerning your employment with Skyworks Solutions,
Inc. (“Skyworks”).

1. Change of Control

	 	1.1.  	If: (i) a Change of Control occurs while you are employed by Skyworks and (ii) your
employment with Skyworks is involuntarily terminated without Cause or you terminate your
employment with Skyworks for Good Reason, in either case within one (1) year after the
Change of Control, then you will receive the benefits provided in Section 1.4 below.
	 
	 	1.2.  	“Change of Control” means an event or occurrence set forth in any one or more of
subsections (a) through (d) below (including an event or occurrence that constitutes a
Change of Control under one of such subsections but is specifically exempted from another
such subsection):

     (a) the acquisition by an individual, entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) (a “Person”) of beneficial ownership of any capital stock of the Company if, after
such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3
promulgated under the Exchange Act) 40% or more of either (x) the then-outstanding shares of
common stock of the Company (the “Outstanding Company Common Stock”) or (y) the combined
voting power of the then-outstanding securities of the Company entitled to vote generally in
the election of directors (the “Outstanding Company Voting Securities”); provided,
however, that for purposes of this subsection (a), the following acquisitions shall not
constitute a Change of Control: (i) any acquisition directly from the Company (excluding an
acquisition pursuant to the exercise, conversion or exchange of any security exercisable
for, convertible into or exchangeable for common stock or voting securities of the Company,
unless the Person exercising, converting or exchanging such security acquired such security
directly from the Company or an underwriter or agent of the Company), (ii) any acquisition
by the Company, (iii) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any corporation controlled by the Company, or (iv)
any

781.376.3000 www.skyworksinc.com   20 Sylvan Rd. Woburn, MA 01801 USA

 

 

George LeVan

Page 2

May 26, 2005

acquisition by any corporation pursuant to a transaction which complies with clauses
(i) and (ii) of subsection (c) of this Section 1.2; or

     (b) such time as the Continuing Directors (as defined below) do not constitute a
majority of the Board (or, if applicable, the Board of Directors of a successor corporation
to the Company), where the term “Continuing Director” means at any date a member of the
Board (i) who was a member of the Board on the date of the execution of this Agreement or
(ii) who was nominated or elected subsequent to such date by at least a majority of the
directors who were Continuing Directors at the time of such nomination or election or whose
election to the Board was recommended or endorsed by at least a majority of the directors
who were Continuing Directors at the time of such nomination or election; provided,
however, that there shall be excluded from this clause (ii) any individual whose
initial assumption of office occurred as a result of an actual or threatened election
contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents, by or on behalf of a person other than the Board; or

     (c) the consummation of a merger, consolidation, reorganization, recapitalization or
statutory share exchange involving the Company or a sale or other disposition of all or
substantially all of the assets of the Company in one or a series of transactions (a
“Business Combination”), unless, immediately following such Business Combination, each of
the following two conditions is satisfied: (i) all or substantially all of the individuals
and entities who were the beneficial owners of the Outstanding Company Common Stock and
Outstanding Company Voting Securities immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of
common stock and the combined voting power of the then-outstanding securities entitled to
vote generally in the election of directors, respectively, of the resulting or acquiring
corporation in such Business Combination (which shall include, without limitation, a
corporation which as a result of such transaction owns the Company or substantially all of
the Company’s assets either directly or through one or more subsidiaries) (such resulting or
acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially
the same proportions as their ownership, immediately prior to such Business Combination, of
the Outstanding Company Common Stock and Outstanding Company Voting Securities,
respectively; and (ii) no Person (excluding any employee benefit plan (or related trust)
maintained or sponsored by the Company or by the Acquiring Corporation) beneficially owns,
directly or indirectly, 40% or more of the then outstanding shares of common stock of the
Acquiring Corporation, or of the combined voting power of the then-outstanding securities of
such corporation entitled to vote generally in the election of directors (except to the
extent that such ownership existed prior to the Business Combination); or

     (d) approval by the stockholders of the Company of a complete liquidation or
dissolution of the Company.

	 	1.3.  	“Good Reason” will mean (i) you are no longer assigned the duties of your current
position, (ii) you have been assigned duties inconsistent in any respect with your current
position, (iii) your annual base salary has been reduced, or (iv) the location at which you
perform your principal duties for Skyworks is moved to a new location that is more than 50
miles from the

 

 

George LeVan

Page 3

May 26, 2005

	 	   	location at which you are performing your principal duties for Skyworks on the date of this
agreement.
	 
	 	1.4.  	On the date of any termination described in Section 1.1, (i) Skyworks will pay you a
lump sum equal to two (2) times your total annual compensation for the twelve month period
prior to the Change of Control, including all wages, salary, bonus (as described below) and
incentive compensation, whether or not includable in gross income for federal income tax
purposes; and (ii) all of your Skyworks stock options will become immediately exercisable
and, except as otherwise stated in this agreement, remain exercisable for a period of
twenty-four (24) months after the termination date, subject to their other terms and
conditions; and each outstanding restricted stock award and any other award that is based
upon the common stock of Skyworks shall become immediately vested. For purposes of the
preceding sentence, the bonus to be taken into account shall be the greater of your average
bonus for the three years prior to the year in which the Change of Control occurs or your
target bonus for the year in which the Change of Control occurs.
	 
	 	1.5.  	If any excise tax (the “Excise Tax”) under Section 4999 of the Internal Revenue Code of
1986 (the “Code”) is payable by you by reason of the occurrence of a change in the
ownership or effective control of Skyworks or a change in the ownership of a substantial
portion of the assets of Skyworks, determined in accordance with Section 280G(b)(2) of the
Code, then Skyworks shall pay you, in addition to the amount payable under Section 1.3, an
amount (the “Gross-Up Payment”) equal to the sum of the Excise Tax and the amount necessary
to pay all additional taxes imposed on (or economically borne by) you (including the Excise
Tax, state and federal income taxes and all applicable employment taxes) attributable to
the receipt of the Gross-Up Payment. For purposes of the proceeding sentence, all taxes
attributed to the receipt of the Gross-Up Payment shall be computed assuming the
application of the maximum tax rate provided by law.

2. Termination Without Cause

	 	2.1.  	If, while you are employed by Skyworks, your employment with Skyworks is involuntarily
terminated without Cause, then you will receive the benefits specified in Section 2.3
below. If your employment is terminated involuntarily by Skyworks for Cause or by you, you
will not be entitled to receive the benefits specified in Section 2.3 below. This Section
2.1 shall not apply if you are entitled to receive the benefits set forth in Section 1.3
above.
	 
	 	2.2.  	“Cause” will mean: (i) deliberate dishonesty significantly detrimental to the best
interests of Skyworks or any subsidiary or affiliate; (ii) conduct on your part
constituting an act of moral turpitude; (iii) willful disloyalty to Skyworks or refusal or
failure to obey the directions of the Board of Directors; (iv) incompetent performance or
substantial or continuing inattention to or neglect of duties assigned to you. Any
determination of Cause must be made by the full Board of Directors at a meeting duly
called, with you present and voting and, if you wish, with your legal counsel present.

 

 

George LeVan

Page 4

May 26, 2005

	 	2.3.  	On the date of any termination described in Section 2.1, (i) Skyworks will pay you a
lump sum equal to (x) one and one-half (1 1/2) times your then current annual base salary,
plus (y) any bonus then due under Skyworks’ bonus plan, whether or not includable in gross
income for federal income tax; and (ii) all of your Skyworks stock options will, except as
otherwise stated in this agreement, remain exercisable for a period of 18 months after the
termination date, subject to their other terms and conditions.

3. Non-Competition

During the term of your employment with Skyworks and for the first twenty-four (24) months after
the date on which your employment with Skyworks is voluntarily or involuntarily terminated (the
“Noncompete Period”), you will not engage in any employment, consulting or other activity that
competes with the business of Skyworks or any subsidiary or affiliate of Skyworks (collectively,
the “Company”). You acknowledge and agree that your direct or indirect participation in the
conduct of a competing business alone or with any other person will materially impair the
business and prospects of Skyworks. During the Noncompete Period, you will not (i) attempt to
hire any director, officer, employee or agent of Skyworks, (ii) assist in such hiring by any
other person, (iii) encourage any person to terminate his or her employment or business
relationship with Skyworks, (iv) encourage any customer or supplier of Skyworks to terminate its
relationship with Skyworks, or (v) obtain, or assist in obtaining, for your own benefit (other
than indirectly as an employee of the Company) any customer of Skyworks. If any of the
restrictions in this Section 3 are adjudicated to be excessively broad as to scope, geographic
area, time or otherwise, said restriction shall be reduced to the extent necessary to make the
restriction reasonable and shall be binding on you as so reduced. Any provisions of this
section not so reduced will remain in full force and effect.

It is understood that during the Noncompete Period, you will make yourself available to the
Company for consultation on behalf of the Company, upon reasonable request and at a reasonable
rate of compensation and at reasonable times and places in light of any commitment you may have
to a new employer.

You understand and acknowledge that the Company’s remedies at law for breach of any of the
restrictions in this Section are inadequate and that any such breach will cause irreparable harm
to Skyworks. You therefore agree that in addition and as a supplement to such other rights and
remedies as may exist in Skyworks’ favor, Skyworks may apply to any court having jurisdiction to
enforce the specific performance of the restrictions in this Section, and may apply for
injunctive relief against any act which would violate those restrictions.

 

 

George LeVan

Page 5

May 26, 2005

4. Death or Disability

In the event of your death at any time during your employment by Skyworks, all of your then
outstanding Company stock options, whether or not by their terms then exercisable, will become
immediately exercisable and remain exercisable for a period of one year thereafter, subject to
their other terms and conditions.

In the event of your disability at any time during your employment by Skyworks, all of your then
outstanding Company stock options, whether or not by their terms then exercisable, will become
immediately exercisable and remain exercisable so long as you remain an employee or officer of
Skyworks and for a period of one year thereafter, subject to their other terms and conditions.

5. Miscellaneous

All claims by you for benefits under this Agreement shall be directed to and determined by the
Board of Directors of the Company and shall be in writing. Any denial by the Board of Directors
of a claim for benefits under this Agreement shall be delivered to you in writing and shall set
forth the specific reasons for the denial and the specific provisions of this Agreement relied
upon. The Board of Directors shall afford a reasonable opportunity to you for a review of the
decision denying a claim. Any further dispute or controversy arising under or in connection
with this Agreement shall be settled exclusively by arbitration in Boston, Massachusetts, in
accordance with the rules of the American Arbitration Association then in effect. Judgment may
be entered on the arbitrator’s award in any court having jurisdiction. The Company agrees to
pay as incurred, to the full extent permitted by law, all legal, accounting and other fees and
expenses which you may reasonably incur as a result of any claim or contest (regardless of the
outcome thereof) by the Company, you or others regarding the validity or enforceability of, or
liability under, any provision of this Agreement or any guarantee of performance thereof
(including as a result of any contest by you regarding the amount of any payment or benefits
pursuant to this Agreement), plus in each case interest on any delayed payment at the applicable
Federal rate provided for in Section 7872(f)(2)(A) of the Code.

Notwithstanding anything in this letter to the contrary, no provision of this letter will
operate to extend the term of any option beyond the term originally stated in the applicable
option grant or option agreement. This agreement contains the entire understanding of the
parties concerning its subject matter. This agreement may be modified only by a written
instrument executed by both parties. This agreement replaces and supersedes all prior
agreements relating to your employment or severance. This agreement will be governed by and
construed in accordance with the laws of the Commonwealth of Massachusetts.

Neither you nor the Company shall have the right to accelerate or to defer the delivery of the
payments to be made under Section 1.4 or Section 2.3; provided, however, that if
you are a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the Internal Revenue
Code of

 

 

George LeVan

Page 6

May 26, 2005

1986, as amended (the “Code”) and any of the payments to be made to you hereunder constitute
“nonqualified deferred compensation” within the meaning of Section 409A of the Code, then the
commencement of the delivery of any such payments will be delayed to the date that is 6 months
after your date of termination.

Please sign both copies of this letter and return one to Skyworks.

	 	 	 
	Sincerely,

	 	AGREED TO:
	 
	 	 
	/s/ David J. Aldrich

	 	/s/ George LeVan
	 

	 	 
	David J. Aldrich, President and CEO

	 	George LeVan
	 
	 	 
	

	 	Date: May 26, 2005

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