SEC Contract Filing

Filing Date: 2016-09-16

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EXHIBIT 10.1
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<p style="margin:0in;margin-bottom:12.0pt;"><font style="height:40px;margin-left:0px;margin-top:1px;position:absolute;width:174px;"><img alt=BenchmarkLogo height=40 src="logo.jpg" width=174></font><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">I
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<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">September 15,
2016</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">Gayla J. Delly</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">____________</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">____________</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">Re: &#160;&#160;&#160;&#160;&#160; Separation Agreement</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">Dear Gayla:</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">This letter sets forth the terms of a Separation Agreement (this &#8220;</font><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">Agreement</font></i></b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&#8221;)
between you and Benchmark Electronics, Inc. (&#8220;</font><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">Benchmark</font></i></b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&#8221;).&#160; Any
matters referred to in the amended and restated employment agreement by and
between you and Benchmark, dated as of January 1, 2012 (the &#8220;</font><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">Employment
Agreement</font></i></b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&#8221;), that are not expressly addressed in this Agreement shall
continue to be governed by the terms of the Employment Agreement, which remains
in full force and effect except as expressly modified hereby.&#160; Any capitalized
terms that are not otherwise defined herein shall have the meanings assigned
thereto in the Employment Agreement.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">1.</font><font color=black face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">Separation.&nbsp;</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&#160; By mutual agreement, your employment with
Benchmark and its subsidiaries and affiliates is hereby terminated and you
hereby resign as a member of the board of directors of Benchmark, in each case,
effective as of September&nbsp;16,&nbsp;2016 (the &#8220;</font><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">Termination Date</font></i></b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&#8221;).
&#160;Effective as of the Termination Date, you shall cease to have any positions,
titles, authorities or responsibilities (whether as a director, officer or
otherwise) with Benchmark or any of its subsidiaries or affiliates.&#160; You hereby
agree to execute on or following the date hereof any and all supplemental
documentation provided to you by Benchmark in furtherance of the foregoing.&#160;
Your termination of employment, effective as of the Termination Date, shall be
deemed a termination of employment without Cause for all purposes of the
Employment Agreement.&#160; Except for the compensation and benefits described in
Sections&nbsp;2 and 3 below, you shall cease to actively participate in any
plans, programs, policies or arrangements of Benchmark or any of its
subsidiaries or affiliates.&#160; None of the payments or benefits described in
Section&nbsp;3 shall be contributed to any employee benefit plan, nor will any
contribution (matching or otherwise) be made by Benchmark or any of its
subsidiaries or affiliates to any employee benefit plan on account of any of
the payments or benefits described in Section&nbsp;3.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">2.</font><font color=black face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;