UTStarcom CEO Jack Lu signs China employment contract and amendment
UTStarcom's chief executive, Jack Lu, entered into a new employment contract with its China subsidiary on May 5, 2011, effective March 1, 2011, along with an amendment. The amendment changes his involuntary termination severance agreement with the company and adds executive benefits offered to non-Chinese executives working in China. The filing says the terms reflect those the board approved on February 24, 2011.
- Employment contract dated May 5, 2011, effective March 1, 2011, between UTStarcom (China) Co., Ltd. and Jack Lu
- Amendment dated May 5, 2011 changes his involuntary termination severance agreement and certain contract terms
- Amendment adds executive benefits offered to non-Chinese executives working in the PRC
- Terms reflect those previously approved by the board on February 24, 2011