SEC Contract Filing

Filing Date: 2019-02-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.20
<SEQUENCE>3
<FILENAME>lsccex-1020201810xk.htm
<DESCRIPTION>EXHIBIT 10.20
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<div><a name="sCE6851EBACBD58878D8389146EB85D24"></a></div><div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:24px;text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Exhibit 10.20</font></div><div style="line-height:120%;padding-bottom:24px;text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Employment Agreement</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">This Employment Agreement (the &#8220;Agreement&#8221;) is entered into by and between </font><font style="font-family:Arial;font-size:9pt;text-decoration:underline;">Esam Elashmawi</font><font style="font-family:Arial;font-size:9pt;">&#32;(the &#8220;Executive&#8221;) and </font><font style="font-family:Arial;font-size:9pt;font-weight:bold;">LATTICE SEMICONDUCTOR CORPORATION</font><font style="font-family:Arial;font-size:9pt;">, a Delaware corporation (the &#8220;Company&#8221;) as of September 24, 2018 (the &#8220;Effective Date&#8221;).</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:96px;"><font style="text-align:justify;font-family:Arial;font-size:9pt;padding-right:48px;">1.</font><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Duties and Scope of Employment</font><font style="font-family:Arial;font-size:9pt;">.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:144px;"><font style="text-align:justify;font-family:Arial;font-size:9pt;padding-right:48px;">(a)</font><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Position</font><font style="font-family:Arial;font-size:9pt;">. For the term of his employment under this Agreement (&#8220;Employment&#8221;), the Executive will serve as the Corporate Vice President&#8212;Chief Marketing and Strategy Officer </font><font style="font-family:Arial;font-size:9pt;text-decoration:underline;">(&#8220;CVP&#8221;)</font><font style="font-family:Arial;font-size:9pt;">. The Executive shall report directly to the Company&#8217;s Chief Executive Officer (the &#8220;CEO&#8221;). Executive will render such business and professional services in the performance of his duties, consistent with the Executive&#8217;s position within the Company, as will reasonably be assigned to him by the CEO.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:144px;"><font style="text-align:justify;font-family:Arial;font-size:9pt;padding-right:48px;">(b)</font><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Obligations</font><font style="font-family:Arial;font-size:9pt;">. The Executive shall have such duties, authority and responsibilities that are commensurate with being the Company&#8217;s senior executive officer responsible for product marketing and strategy. During the term of his Employment, the Executive will devote Executive&#8217;s full business efforts and time to the Company. For the duration of his Employment, Executive agrees not to actively engage in any other employment, occupation, or consulting activity for any direct or indirect remuneration without the prior approval of the Board (which approval will not be unreasonably withheld); provided, however, that Executive may, without the approval of the Board, serve in any capacity with any civic, educational, or charitable organization, provided such services do not interfere with Executive&#8217;s obligations to the Company. Executive shall comply at all times with the Company&#8217;s Code of Conduct and all other applicable Company policies. Executive shall perform his duties primarily at the Company&#8217;s corporate facility in San Jose, California.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:144px;"><font style="text-align:justify;font-family:Arial;font-size:9pt;padding-right:48px;">(c)</font><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Effective Date</font><font style="font-family:Arial;font-size:9pt;">. The Executive shall commence full-time Employment as CVP under this Agreement on the Effective Date.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:96px;"><font style="text-align:justify;font-family:Arial;font-size:9pt;padding-right:48px;">2.</font><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Cash and Incentive Compensation</font><font style="font-family:Arial;font-size:9pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:144px;"><font style="text-align:justify;font-family:Arial;font-size:9pt;padding-right:48px;">(a)</font><font style="font-family:Arial;font-size:9pt;fo