Lam Research (LRCX) 10-Q 2011 Q2 Quarterly report

Exhibit 10.151

AMENDMENTTO EMPLOYMENT AGREEMENT

This AMENDMENTTO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into effective this 7th day of December, 2010 (the “Effective Date”), by and between Lam Research Corporation, a Delaware corporation (the “Company”), and Stephen G. Newberry (the “Executive”).

RECITALS

WHEREAS, the Executive and the Company (the “Parties”) previously entered into an employment agreement effective July 1, 2009 (the “Employment Agreement” and, as amended hereby, the “Agreement”); and

WHEREAS, in order to address a revision to the title of the Executive, the Parties desire to amend the Employment Agreement.

NOW, THEREFORE, in consideration of the promises and mutual covenants herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

AGREEMENT

Section 1(a) of the Employment Agreement is amended and restated to read, in its entirety, as follows:

“Position. During the Employment Period (as defined in Section 2(a) below), the Executive shall serve as the Vice Chairman and Chief Executive Officer of the Company, and in such capacity the Executive shall perform the duties and responsibilities as the Board of Directors of the Company (the “Board”) may, from time to time, reasonably assign to Executive, in all cases to be consistent with Executive’s offices and positions.”

[Signature page follows]

IN WITNESS WHEREOF, the Parties have duly executed this Agreement effective as of the day and year first written above.

LAM RESEARCH CORPORATION
By:	/s/ Sarah A. O’Dowd
Name:	Sarah A. O’Dowd
Title:	Group Vice President, HR and Chief Legal Officer
Dated:	December 7, 2010

/s/ Stephen G. Newberry

Stephen G. Newberry

Dated: December 7, 2010

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