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Subject: Internal Revenue Code Section 409A Amendments to Employment Letter Agreement

Employment Agreement Amendment

Subject:
Internal Revenue Code Section 409A Amendments to
  
Employment Letter Agreement | Document Parties: TRIMBLE NAVIGATION LTD /CA/ You are currently viewing:
This Employment Agreement Amendment involves

TRIMBLE NAVIGATION LTD /CA/

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Title: Subject: Internal Revenue Code Section 409A Amendments to Employment Letter Agreement
Date: 3/3/2009
Industry: Scientific and Technical Instr.     Sector: Technology

Subject:
Internal Revenue Code Section 409A Amendments to
  
Employment Letter Agreement, Parties: trimble navigation ltd /ca/
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Exhibit 10.14

 

December 19, 2008

 

 

Mr. Steven W. Berglund

 

Subject:

Internal Revenue Code Section 409A Amendments to

 

Employment Letter Agreement

 

Dear Steve:

 

This letter serves to amend your employment letter agreement dated March 17, 1999 (the “Employment Agreement”) to address certain recent changes in tax laws.

 

The following sentence will be added to the end of the paragraph preceding the penultimate paragraph in your Employment Agreement:

 

“Any severance payable pursuant to this paragraph shall be paid in cash in a lump sum within five business days following the date of your termination of employment; provided, however, that no amount payable pursuant to this paragraph that is non-qualified deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), as determined in the sole discretion of Trimble Navigation Li


 
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