SEC Contract Filing

Filing Date: 2024-03-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>tm248776d4_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Amendment No.&nbsp;1 to Employment Agreement</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, Aaron Stucki (&ldquo;Mr.&nbsp;Stucki&rdquo;
or &ldquo;Executive&rdquo;) and TE Connectivity Corporation (the &ldquo;Company&rdquo;) entered into an Employment Agreement dated October&nbsp;1,
2020 (the &ldquo;Agreement&rdquo;) between the parties governing the terms of Mr.&nbsp;Stucki&rsquo;s employment relationship with the
Company; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, Section&nbsp;7(c)&nbsp;of the Agreement
currently provides that payment to the Executive in consideration of his release and post-termination restrictive covenants shall not
exceed the total amount of compensation of the Executive during the last full fiscal year;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, as a result of changes to Swiss law, post-termination
restrictive covenants for a non-compete undertaking can not exceed the average annual compensation of the Executive over the last three
fiscal years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW, THEREFORE, THE PARTIES HEREBY ACKNOWLEDGE
AND AGREE AS FOLLOWS:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Section&nbsp;7(c)&nbsp;of the Agreement is hereby amended and restated in its entirety as follows:</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Payment
in Consideration of Release and Restrictive Covenants</U></FONT>. If the Executive&rsquo;s employment is terminated for the reasons described
in Sections 7(a)(i)&nbsp;or 7(a)(iv), the Company shall provide the Executive with cash consideration in exchange for the Executive&rsquo;s
execution, and compliance with the terms, of the restrictive covenants and release of claims set forth in the separation agreement described
in Section&nbsp;7(d). The amount of such cash consideration shall be equal to the sum of the Executive&rsquo;s annual base salary (as
described in Section&nbsp;5(a)) and the current target annual bonus (as described in Section&nbsp;5(b)), in each case, as in effect immediately
prior to the date of the Executive&rsquo;s termination of employment, and subject to a maximum aggregate amount of compensation (including
base salary, Bonus Plan awards and the value of annual equity incentive awards granted) of the Executive not exceeding the amount set
forth in art. 735c para. 2 of the Swiss Code of Obligations. Such consideration shall be payable in equal installments over a twelve-month
period following the date of such termination in accordance with the Company&rsquo;s payroll practices, subject to reduction for any applicable
tax withholding and/or pursuant to any terms of the separation agreement described in Section&nbsp;7(d).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The parties have executed this Amendment No.&nbsp;1 this 15<SUP>th</SUP>
day of March&nbsp;2024.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">TE Connectivity Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
 <TD STYLE="border-bottom: Black 1pt solid; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Harold G. Barksdale</FONT></TD>
 <TD STYLE="width: 50%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
 <TD>Harold G. Barksdale</TD>
 <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
 <TD>Vice President</TD>
 <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Aaron Stucki</FONT></TD>
 <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
 <TD>Aaron Stucki</TD>
 <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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