SEC Contract Filing

Filing Date: 2015-02-02

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d850710dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">M/A-COM Technology Solutions Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">100 Chelmsford Street </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Lowell, MA
01851 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">September 24, 2013 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr. Robert
Dennehy </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">85 Ogunquit Rd </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">North Andover, MA 01845 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Re: Offer of Promotion and Revised Terms of Your Employment with M/A-COM Technology Solutions Inc.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Robert: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">M/A-COM Technology Solutions Inc.,
a Delaware corporation (the &#147;Company&#148;), is pleased to offer you a promotion to Senior Vice President-Operations, reporting to John Croteau, Chief Executive Officer on the terms described in this letter agreement, effective October 1, 2013
(the &#147;<U>Effective Date</U>&#148;). If you accept this promotion and these terms by signing where provided below, then the terms of employment set forth in this offer letter and the ECIA (as defined below) will amend, restate, supersede in
their entirety and replace all prior representations and agreements concerning similar matters made to or with you by the Company, any of its predecessors or affiliates, or any of their respective employees or agents prior to the Effective Date,
whether written or oral, as described in more detail in Section 7 of this letter. From and after the Effective Date, your terms of employment shall be as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>At-Will Employment</U>. Your employment shall be for no specified period and constitutes &#147;at-will&#148; employment. As a result, you
are free to terminate your employment at any time, for any reason or for no reason. Similarly, the Company is free to terminate your employment at any time, for any reason or for any reason. We request that, in the event of a resignation, you give
the Company at least two weeks&#146; notice. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Compensation</U>. The Company will pay you a salary at the bi-weekly rate of
$11,153.85, which equals approximately $290,000 annually if fifty-two (52) weeks of employment are completed, payable in accordance with the Company&#146;s standard payroll policies, including compliance with applicable withholding. The first and
last payment by the Company to you will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last working day of a pay period. You will also be eligible to participate in a Company bonus plan, based on
Company and/or individual performance targets determined by the Board of Directors from time to time, with a target bonus participation potential expressed as a percent of your annualized salary of 50%, and a maximum bonus participation potential
expressed as a percent of your annualized salary of 100%. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>Benefits</U>. During the term of your employment, you will be eligible, provided that you
meet the eligibility requirements of the relevant plans and policies, for the Company&#146;s standard employee benefits applicable to employees at your pay grade, including health, dental, vision, life, short and long-term disability insurance. The
Company reserves the right to change the benefits it offers or the terms of such benefits from time to time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. <U>Equity Award
Eligibility</U>. As you are aware, the company&#146;s parent M/A-COM Technology Solutions Holdings, Inc. (&#147;Parent&#148;), maintains an equity compensation plan to provide certain employees and other service providers with equity-based
employment incentives. You will continue to be eligible to receive awards from time to time in accordance with the granting practices of Parent. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. <U>Employee Confidentiality and Invention Assignment Agreement</U>. As a condition of this offer of promotion, and concurrently with your
signing of this letter agreement, you will be expected to sign and deliver to the Company the Company&#146;s standard form of employee confidentiality and invention assignment agreement (the &#147;ECIA&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6. <U>No Conflicts</U>. In this position, you will be expected to devote your full business time, attention and energies to the performance of
your duties with th