Published on 27 Sep 2023 • USA (National/Federal) |
EMPLOYMENT AGREEMENT | Interim Chief Executive Officer April 6, 2023 | President and Chief Executive Officer January 1, 2023 | Chairman of the Board and Chief Executive Officer February 14, 2023 | Chief Executive Officer March 1, 2023 |
INDUSTRY SECTOR | Food and beverage | Computer and electronic equipment | Medical devices and healthcare | Manufacturing and machinery |
MARKET CAPITALIZATION AT FILING | Approximately $104.4 million. | Approximately $2.4 billion. | Approximately $6.2 billion. | Approximately $13.1 billion. |
GOVERNING LAW | Illinois | Pennsylvania | New Jersey | Illinois |
POST-TERMINATION NON-COMPETITION: DURATION | The executive is subject to a 12-month non-competition provision following termination. | The executive is subject to a non-competition provision for one year following termination. | The executive is subject to a 12-month post-termination non-compete. | The executive is subject to a 24-month non-competition provision following termination. |
POST-TERMINATION NON-COMPETITION: GEOGRAPHY | Any country in the world in which the employer or any of its subsidiaries or affiliates has marketed or sold its products, or in which the employer or any of its subsidiaries or affiliates has operations in the most recent 12 months of the executive's employment. | Any business or venture located anywhere in the world that is engaged in any business activities to the extent Vishay or any subsidiary or affiliate is engaged in that activity or has significant plans to enter into that activity on the date of termination. | Any country in which the employer or any of its affiliates conducts business or plans to conduct business during the employment term. | The employment agreement contains a non-competition provision, but it does not specify any geographic limitations. |
POST-TERMINATION NON-SOLICITATION OF EMPLOYEES: DURATION | The executive is subject to a 12-month no-hire and non-solicitation of employees provision following termination. | The executive is subject to a non-solicitation provision for one year following termination. | The executive is subject to a 12-month post-termination no-hire and non-solicitation of employees. | The executive is subject to a 24-month non-solicitation of employees provision following termination. |
POST-TERMINATION NON-SOLICITATION OF CUSTOMERS/ CLIENTS: DURATION | The executive is subject to a 12-month non-solicitation of customers provision following termination. | The executive is subject to a non-solicitation provision for one year following termination. | The executive is subject to a 12-month post-termination non-solicitation and non-interference of customers/clients. | The executive is subject to a 24-month non-solicitation and non-interference with customers provision following termination. |
POST-TERMINATION NON-DISPARAGEMENT | None specified. | The executive is subject to a non-disparagement provision. | The executive is subject to a post-termination non-disparagement provision. | The executive is subject to an indefinite non-disparagement provision following termination. |
ARBITRATION PROVISION | None specified. | Yes. | Yes, but excludes breaches by the executive of covenants under the employment agreement. | None specified. |