Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 50

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 50
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 awards in assumption of, or in substitution for, outstanding awards previously granted by an entity acquired by the Company or with which the Company combines. Such substitute awards will not reduce the common shares authorized for issuance under the 2018 Plan (but will count against the aggregate number of incentive stock options available for awards, as described above). Additionally, subject to applicable stock exchange requirements, if the acquired company’s equity plan has shares available, such shares may be available for grant under the 2018 Plan, which will not reduce (or be added back to) the shares authorized for issuance under the 2018 Plan.

The common shares issuable under the 2018 Plan may be made available from our authorized but unissued common shares or from common shares that we acquire, including shares purchased on the open market.

Participant Award Limits. The maximum number of common shares which may be issued pursuant to awards that are settled in shares and granted to any person under the 2018 Plan in any fiscal year shall not exceed 800,000 shares.

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In addition, 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 $750,000 ($1,000,000 in the non-employee director’s initial year of election or appointment) in total value.

Vesting Requirements. Awards granted under the 2018 Plan that are payable in shares may vest no earlier than the first anniversary of the grant date, provided that such minimum vesting requirement will not apply to (i) awards with respect to a maximum of 5% of the total number of shares available for issuance under the 2018 Plan as of the date of the Annual Meeting (including the 593,000 new shares if this proposal is approved by the shareholders), (ii) substitute awards, (iii) shares delivered in lieu of fully vested cash-based obligations, and (iv) awards granted to non-employee directors that vest on the earlier of the one-year anniversary of the grant date and the next annual shareholder’s meeting that is a last 50 weeks after the prior year’s annual meeting.

Awards . The plan administrator has complete discretion to determine (a) which eligible individuals are to receive awards, (