Other Information.
−Removed: On April 28, 2023, Sensata Technologies, Inc.
−Removed: (“STI”), a wholly-owned subsidiary of Sensata Technologies Holding plc (the “Company”), entered into a mutually agreed Separation and Release of Claims Agreement (the “Separation Agreement”) with Hans Lidforss, Senior Vice President, Chief Strategy and Corporate Development Officer, which amends Mr.
−Removed: Lidforss’s Amended and Restated Employment Agreement with STI, dated as of March 5, 2020 (the “Employment Agreement”).
−Removed: Pursuant to the terms of the Separation Agreement, Mr.
−Removed: Lidforss will serve in his current position through June 30, 2023, during which period he will be eligible to continue to receive his regular salary and benefits.
−Removed: He will then transition to an Advisor role beginning July 1, 2023 through August 31, 2023, or such earlier date as may be agreed between Mr.
−Removed: Lidforss and the Company (the “Separation Date”).
−Removed: In connection with his continued service as Advisor, Mr.
−Removed: Lidforss will be eligible to receive a monthly base salary of $40,937 and may continue to participate in the Company’s benefits programs, with the exception of accruing vacation pay.
−Removed: Under the terms of the Separation Agreement, Mr.
−Removed: Lidforss will receive the following payments (collectively, the “Separation Payments”):
−Removed: (1) a lump sum payment in the amount of $409,368 (an amount equal to 10 months of his annual base salary);
−Removed: (2) a lump sum payment in the amount of $359,176 (an amount equal to the average annual bonus paid to Mr.
−Removed: Lidforss in 2022 and 2023 for the two completed fiscal years immediately preceding the date hereof ));
−Removed: and (3) a lump sum payment in the amount of $28,467 (an amount to assist Mr.
−Removed: Lidforss with replacing health and dental benefits in fulfillment of his Employment Agreement).
−Removed: The Separation Payments are to be made within 30 days following the Separation Date.
−Removed: Lidforss’s separation will be treated as a “Covered Retirement” under the terms of his equity award agreements.
−Removed: Under the Separation Agreement and consistent with the Employment Agreement, Mr.
−Removed: Lidforss has granted a general release of claims in favor of STI and the Company and has agreed to certain cooperation, confidentiality, non-competition, and non-solicitation covenants.
3.1 Articles of Association of Sensata Technologies Holding plc (incorporated by reference to Exhibit 3.1 of the Registrant's Current Report on Form 8-K filed on March 28, 2018).
−Removed: 10.1 Separation and Release of Claims Agreement between Juan Picon and STI dated March 17, 2023 (incorporated by reference to Exhibit 10.1 of the Registrant's Current Report on Form 8-K filed on March 17, 2023).
−Removed: 10.2 Employment agreement between Jennifer Slater and Sensata Technologies, Inc., dated April 1, 2023.
−Removed: 10.3 Employment agreement between Brian Wilkie and Sensata Technologies, Inc., dated April 1, 2023.
−Removed: 10.4 Amended and Restated Employment agreement between Lynne Caljouw and Sensata Technologies, Inc., dated January 1, 2023.
−Removed: 10.5 Form of Award Agreement for Performance Restricted Stock Units for Named Executive Officers under the Sensata Technologies Holding plc 2021 Equity Incentive Plan.
−Removed: 10.6 Separation and Release of Claims Agreement between Hans Lidforss and Sensata Technologies, Inc.
−Removed: , dated April 28, 2023.
31.1 Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
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* Filed herewith
−Removed: † Indicates management contract or compensatory plan, contract, or arrangement
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
+Added: August 1, 2023
SENSATA TECHNOLOGIES HOLDING PLC
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.