I. North America Addendum
The Infineon North America Board has adopted the Infineon Global Business Conduct Guidelines. However, the Board is also aware that what is valid for some countries is not for another and this holds true for several elements of these guidelines. This addendum has been prepared to further clarify sections of the global guidelines to reflect local culture. It further defines the behavior expected of all of North America employees.
Section C. 3 (Sideline Work)
Section C.3. of the Global Business Conduct Guidelines state that "Any employee who intends to begin paid sideline activities must inform the HR department beforehand in writing". "Permission for such activities may be denied if it leads to a decrease in work performance, contradicts the Infineon-Employee’s duties within the Company, or threatens to present a conflict of interest".
Per this addendum, Infineon-Employees in North America will not be required to inform or seek the permission of the HR department before beginning paid sideline activities. Each Infineon-Employee in North America, however, will be under a duty to avoid any such work that will negatively affect work performance, contradict the Infineon-Employee’s duties within the Company, or threaten to present a conflict of interest.