SEC Contract Filing

Filing Date: 2019-03-06

Document Content:
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<TYPE>EX-10.1
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<FILENAME>diod-ex101_67.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><img src="gl3yxuej4us4000001.jpg" title="" alt="" style="width:143px;height:40px;"><font style="font-size:10pt;">February 28, 2019</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Richard Dallas White</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Address &#8211; redacted)</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Address &#8211; redacted)</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear Rick:</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This letter confirms that effective as of the close of business on February 28, 2019 (the "Transition Date"), you have voluntarily resigned from the Chief Financial Officer's position with Diodes Incorporated (the "Company"). You will continue to serve in officer and director positions of Company subsidiaries or affiliated companies which you presently occupy, but agree that you shall voluntarily and promptly resign from any or all of them at any time upon the Company's request.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Transition Date will not constitute a &#8220;separation from service&#8221; within the meaning of Internal Revenue Code (the &#8220;Code&#8221;) Section 409A given that you will still be serving as a half-time employee of the Company.&nbsp;&nbsp;&nbsp;&nbsp; </p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:72pt;"></font><font style="text-decoration:underline;">Transition And Payments</font>.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">You will resign your employment as the Chief Financial Officer (&#8220;CFO&#8221;) effective at the close of business on the Transition Date. On your Transition Date, you will be paid for all compensation and wages due and owing to you through the Transition Date and also for all accrued and unused paid time off.&nbsp;&nbsp;As of the close of business on the Transition Date, you will cease to accrue paid time off and cease to receive the automobile allowance and life insurance benefits that you received as CFO.&nbsp;&nbsp;As of March 1, 2019 you will be employed in a new part-time employee position, Corporate Secretary and Special Assistant to the Company Chief Executive Officer (&#8220;CEO&#8221;).&nbsp;&nbsp;As of the close of business on the Transition Date, you will cease to be an executive officer of the Company but your period of service as a Company officer will still continue to be covered under the Company&#8217;s officers and directors errors and omissions liability insurance policy.&nbsp;&nbsp; </p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:72pt;"></font><font style="text-decoration:underline;">Additional Compensation And Benefits</font>.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Provided you remain in compliance with the terms of this letter agreement and further provided either you experience a Qualifying Termination or you remain employed by the Company until the earlier of&nbsp;&nbsp;February 29, 2020 or a change in control of the Company (as defined in the Company&#8217;s 2013 Equity Incentive Plan (&#8220;Plan&#8221;)), you or your estate, will receive the following payments and benefits to which you are not otherwise entitled: </p>
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