Exhibit 10.21
TE CONNECTIVITY
SEVERANCE PLAN FOR
U.S. EXECUTIVES
Amended and Restated Effective September 30, 2024
TABLE OF CONTENTS
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TABLE OF CONTENTS
(continued)
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TABLE OF CONTENTS
(continued)
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The Plan Administrator has the exclusive discretionary authority to determine whether a position is an Alternative Position.
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Notwithstanding any other provision of this Plan to the contrary, in the event that a Participant commences employment with another company at any time during the Coverage Period, the Participant shall cease receiving Health Coverage at active employee rates and may continue to participate in Health Coverage for the duration of the COBRA period provided that the Participant pays the full cost of COBRA. Within thirty (30) days of Participant’s commencement of employment with another company, the Participant shall provide the Company with written notice of such employment.
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any customer of TE Connectivity plc or any Subsidiary to purchase goods or services then sold by TE Connectivity plc or any Subsidiary from another person, firm, corporation or other entity or assist or aid any other persons or entity in identifying or soliciting any such customer.
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shall not affect any other provisions hereof, and this Plan shall be construed and enforced as if such provisions had not been included.
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SCHEDULE A
NOTICE PERIODS AND SEVERANCE PERIODS
Group 1:
| ● | Chief Executive Officer |
| ● | Chief Financial Officer |
| ● | General Counsel |
| ● | President/GM, Transportation Solutions |
| ● | President/GM, Industrial Solutions |
| ● | President, Global Automotive Sector |
| ● | President, Automation & Connected Living Sector |
| ● | Chief HR Officer |
Group 2:
| ● | Chief Information Officer |
| ● | SVP Corporate Strategy |
| ● | SVP Mergers & Acquisitions |
| ● | SVP Global Operations |
Group 3:
| ● | All other Band level 1 and 2 employees |
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