Exhibit 10.3
FORM OF
EXECUTIVE CHANGE IN CONTROL SEVERANCE AGREEMENT
This Executive Change in Control Severance Agreement (this “ Agreement ”), is made as of the ___day
of __________, 200___(the “ Effective Date ”), by and between TTM Technologies, Inc., a Delaware
corporation (the “ Company ”), and __________ (the “ Executive ”).
Recitals
A. The Executive currently serves as [ INSERT TITLE] of the Company.
B. The Board of Directors of the Company (the “ Board ”) acknowledges that the potential for a change
in control of the Company, whether friendly or hostile, currently exists and from time to time in the future will
exist, which potential can give rise to uncertainty among the senior executives of the Company. The Board
considers it essential to the best interests of the Company to reduce the risk of the Executive’s departure and the
inevitable distraction of the Executive’s attention from his or her duties to the Company, which are normally
attendant to such uncertainties.
C. The Executive confirms that the terms of this Agreement reduce the risks of his or her departure and
distraction of his or her attention from his or her duties to the Company and, accordingly, desires to enter into this
Agreement.
Agreement
In consideration of the foregoing and the mutual covenants contained herein, the Company and the
Executive agree as follows:
1. Definitions . Capitalized terms used herein shall have the meanings given to them in Appendix I
attached hereto, except where the context requires otherwise.
2. Term of Agreement . This Agreement shall be effective as of the Effective Date and shall continue in
effect until the second anniversary of the Effective Date, provided , however , that the term of this Agreement
automatically shall be extended for one additional year effective as of each anniversary of the Effective Date
beginning with the second anniversary, unless either the Company or the Executive provi