Employment Agreement - Volterra Semiconductor Corp. and Jeff Staszak
February 24, 1999
Jeff Staszak
Dear Jeff,
Volterra is pleased to confirm the terms of our offer for you to become
President and COO of the company on the following terms.
Your starting date will be March 8, 1999. You will work at our facility located
at 42840 Christy St. Ste. 202 in Fremont, California. Of course, Volterra may
change your position, duties, and work location from time to time as it deems
necessary.
Your compensation will be $200,000 per year ($7,692.30 bi-weekly), less payroll
deductions and all required withholdings. You will be eligible for the following
standard Company benefits: medical, dental, vision, and life insurance, 401(k),
vacation and sick leave, and holidays. Details about these benefit plans are
available for your review. Volterra may modify compensation and benefits from
time to time as it deems necessary.
As a Volterra employee, you will be expected to abide by Company rules and
regulations, and sign and comply with a Proprietary Information and Inventions
Agreement, which prohibits unauthorized use or disclosure of Volterra
proprietary information.
Normal working hours are from 9:00 a.m. to 6:00 p.m., Monday through Friday. As
an exempt salaried employee, you will be expected to work additional hours as
required by the nature of your work assignments.
You may terminate your employment with Volterra at any time and for any reason
whatsoever simply by notifying Volterra. Likewise, Volterra may terminate your
employment at any time and for any reason whatsoever, with or without cause or
advance notice. This at-will employment relationship cannot be changed except in
writing signed by a Company officer.
We look forward to a productive and enjoyable work relationship.
Sincerely,
/s/ Alan V. King
Alan V. King
President and CEO