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EXHIBIT 10.10
[CONFORMED COPY]
Mr Steve Laub
President and Chief Executive Officer
Atmel Corporation
2325 Orchard Parkway
San Jose, CA 95131
Further to our
recent discussions, I hereby formally give three months notice of
my decision to retire from my employment as Vice President and
General Manager of the ASIC Business Unit. I confirm that I shall
give a formal letter to Atmel Rousset SAS confirming my decision to
retire upon my return next Monday.
The three months
notice period will commence with effect from your receipt of my
letter and I therefore anticipate that this will expire on 1
February 2009. I note that I will be succeeded by Mr Jean
Vaylet. During the three month notice period, I agree to undertake
a transitional role to ensure a smooth handover of matters to Jean
Vaylet. Accordingly, we have agreed that I will undertake the
following role during the notice period:
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My
job title during the notice period will be Vice-President, Managing
Director, Atmel Rousset SAS.
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I
will in particular be responsible for finishing the information and
consultation procedure (former Book III) and social plan with the
works council, acting as the legal representative for Atmel Rousset
SAS in
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