Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 47

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 47
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-control definition: A change in control is narrowly defined under the 2018 Plan in order to avoid windfall compensation without the occurrence of an actual change in control of the Company. As such, the 2018 Plan defines a change in control based on the consummation of the transaction rather than the announcement or shareholder approval of the transaction. A change in control is not triggered by shareholder approval or announcement of a transaction, a change in less than half of the Board, or an acquisition of a low percentage of common stock. Instead, the 2018 Plan defines a change in control as (i) the consummation of a merger, consolidation or other reorganization approved by our shareholders, unless our shareholders continue to own more than fifty percent (50%) of the total combined voting power of the voting securities of the successor corporation; (ii) the consummation of a shareholder-approved sale of all or substantially all of our assets; (iii) the acquisition by any person or related group of persons of more than fifty percent (50%) of the total combined voting power of our outstanding securities; or (iv) a change in a majority of the Board over a twelve (12)-month period, unless the Board members have been approved by the incumbent Board.

Prohibition on repricings : The 2018 Plan prohibits the repricing of options or share appreciation rights, the cancellation and replacement of options or share appreciation rights with a grant with a lower exercise price, or a buyout of an underwater option or share appreciation right (except as permitted in a change in control or in the case of a corporate transaction as described in the section titled “Changes in Capitalization” below).

Minimum vesting requirements: The 2018 Plan provides that awards granted under the 2018 Plan that are payable in shares may vest no earlier than the first anniversary of the grant date, subject to certain exceptions set forth in the 2018 Plan, as described below.

No discounted options or share appreciation rights : Options and share appreciation rights must have an exercise price at or above fair market value per share on the date of grant.

Limit on director pay : The maximum aggregate grant date fair value (computed as of the date of grant in accordance with applicable financial accounting rules) of all awards made to a non-employee director under the 2018 Plan in a single calendar year, taken together with any cash payments (including the annual retainer and any other compensation) paid to such non-employee director in respect of such calendar year, shall not exceed $750