Exhibit 10.1
FIRST AMENDMENT TO THE
ON SEMICONDUCTOR 2007 EXECUTIVE INCENTIVE PLAN
ON Semiconductor Corporation (" Company" ), approved and adopted the ON Semiconductor 2007 Executive Incentive Plan (" Plan" ) which became effective as of January 1, 2007. By this instrument, the Company desires to amend the Plan to ensure that it complies with the requirements of Section 409A of the Internal Revenue Code of 1986 (" Code" ).
1. The provisions of this First Amendment shall be effective as of January 1, 2008 (" Effective Date" ), provided however, that the Plan shall be operated in good faith compliance with Section 409A of the Code for periods beginning January 1, 2005 through the Effective Date.
*End of Preview*
Click the 'Add to Cart' button to download the complete and formatted agreement.