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EXHIBIT 10.1
Second Amendment to
Employment Agreement
On or about January 19, 2009,
(“
Executive ”), Freescale Holdings GP, Ltd. (“
GP ”) and Freescale Semiconductor, Inc. (“
Freescale ”) executed an “Amendment to
Employment Agreement” agreeing to a 10% reduction of
Executive’s then current base salary provided for in the
Employment Agreement (“ Agreement ”) previously
executed among GP, Freescale and Executive. Freescale and Executive
now agree to the following Second Amendment (“ Second
Amendment ”) to the Agreement:
Executive consents to an additional 3.85% reduction of
Executive’s current reduced base salary. Executive
understands that this additional salary reduction will be effective
immediately, and will continue until December 31, 2009, unless
Freescale, in its sole discretion, decides to restore
Executive’s current base salary prior to that date. As
consideration for the additional salary reduction, ten
(10) additional days of Paid Time Off (PTO) will be added
to the existing PTO balances, with five (5) days
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