Exhibit 10.2
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2006 STOCK INCENTIVE PLAN
GLOBAL NON-QUALIFIED STOCK OPTION AGREEMENT
Private & Confidential (Addressee
Only)
{EMPNAME}
{EMPNUM}
We are pleased to advise the Optionee (the “Optionee”) that Analog Devices,
Inc., a Massachusetts corporation (the “Company”), has granted to the Optionee
an option to purchase that number of shares of Common Stock set forth below (the
“Option”) subject to the terms and conditions of the Analog Devices, Inc. 2006
Stock Incentive Plan (the “Plan”), and this Global Non-Qualified Stock Option
Agreement, including Appendix A, which includes any applicable country-specific
provisions (this agreement, together with Appendix A, the “Agreement”). The
grant of this Option reflects the Company’s confidence in the Optionee’s
commitment and contributions to the success and continued growth of the Company.
All terms not defined herein shall have the meanings assigned to such terms in
the Plan.

1.   Grant of Option. Subject to the terms and conditions of the Plan and this
Agreement, the Company has granted to the Optionee an Option to purchase that
number of shares of the Company’s Common Stock (the “Option Shares”) effective
on the Date of Grant set forth below:

     
Date of Grant:
  {GRANTDATE}
Number of Option Shares Granted:
  {SOSHARESGRANTED}
Option Exercise Price Per Share:
  {EXERCISEPRICE}

2.   Vesting and Exercise of Option. Subject to the Optionee’s continued
employment with the Company or the Employer (as defined in 3(h) below) and other
limitations set forth in this Agreement and the Plan, the Option will vest as to
a set number of shares on each of the vesting dates set out in the following
schedule:

      VEST DATE   NUMBER OF SHARES
{VESTDATE1}
  {SHARES1}
{VESTDATE2}
  {SHARES2}
{VESTDATE3}
  {SHARES3}
{VESTDATE4}
  {SHARES4}
{VESTDATE5}
  {SHARES5}

The right of exercise is cumulative, so that an Option, once vested, may be
exercised, in whole or in part, at any time up to {EXPDATE}, the expiration
date, or such earlier date as provided in Section 3 below or in the
country-specific provisions in Appendix A.

3.   Term of Option; Termination of Employment.

  (a)   The term of the Option is ten (10) years after the Date of Grant,
subject, however, to the early termination provisions set forth herein.     (b)
  Except as otherwise provided herein, the Option shall be exercisable by the
Optionee (or his/her successor in interest) following the termination of the
Optionee’s employment only to the extent that the Option was vested on or prior
to the date of such termination.     (c)   The vesting of the Option shall
terminate on the date the Optionee voluntarily terminates employment with the
Company or the Employer (as defined in Section 3(h))(except by reason of
retirement after attaining age 60 as provided below) or on the date his/her
employment is terminated by the Company or the Employer without “Cause” (as
defined in paragraph d), but any Option Shares that are vested on the date of
such termination shall continue to be exercisable for a period of three
(3) months following such termination date.     (d)   The Option shall terminate
on the date the Optionee’s employment with the Company or the Employer is
terminated by the Company or one of its subsidiaries for “Cause”, and all Option
Shares that are then vested shall forthwith cease to be exercisable. “Cause” for
this purpose means unsatisfactory job performance (as determined by the
Company), willful misconduct, fraud, gross negligence, disobedience or
dishonesty.

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  (e)   Upon the death of the Optionee while he/she is an employee of the
Company or the Employer, the Option shall become immediately vested in full as
to all shares on the date of death and shall continue to be exercisable (by the
Optionee’s successor in interest) over the remaining term of the Option.     (f)
  If the Optionee’s employment with the Company or the Employer terminates by
reason of the retirement of the Optionee after attaining age 60, the vesting of
the Option shall terminate on the date of such retirement, but any Option Shares
that are vested on the date of such retirement shall continue to be exercisable
over the remaining term of the Option; provided that all then-exercisable Option
Shares held by such Optionee shall immediately cease to be exercisable in the
event that such Optionee becomes an employee of any competitor of the Company or
the Employer (as determined in the sole discretion of the Company).     (g)   If
the Optionee becomes Disabled (as defined below), regardless of whether Optionee
terminates employment with the Company or the Employer, the Option Shares that
are not vested as of the date of disability shall vest on the date or dates
(over the remaining term of the Option) that they otherwise would have vested if
the Optionee had not become Disabled. Any Option Shares that are vested upon
disability prior to giving effect to this provision shall continue to be vested
over the remaining term of the Option. For the purpose of this Agreement,
“Disabled” is defined pursuant to Internal Revenue Code Section 22(e)(3) and
means the Optionee’s inability to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment that can be
expected to result in death or can be expected to last for a continuous period
of not less than 12 months, as determined by the Company.     (h)   For purposes
of this Agreement, employment shall include being an employee with the Company.
Employment shall also include being an employee with any direct or indirect
parent or subsidiary of the Company, or any successor to the Company or any such
parent or subsidiary of the Company (the “Employer”). Should an Optionee
transfer employment to become a director, consultant or advisor to the Company
or the Employer following the Date of Grant, he or she will be considered
employed for vesting purposes until he or she ceases to provide services to the
Company or any direct or indirect parent or subsidiary of the company, or any
successor to the Company or any such parent or subsidiary of the Company.    
(i)   Notwithstanding the provisions in this Section 3, if the Company or the
Employer develops a good faith belief that the provisions of this Section 3 may
be found to be unlawful, discriminatory or against public policy in any relevant
jurisdiction, then the Company in its sole discretion may choose not to apply
such provision to this Option, nor any Option grant, in the Optionee’s
jurisdiction.

4.   Payment of Exercise Price. The following payment methods may be used to
purchase Option Shares:

  (a)   A cashless exercise in a manner described in Section 5(f)(2) of the
Plan.     (b)   Cash or check payable to the Company.     (c)   Delivery by the
Optionee of shares of Common Stock of the Company owned by the Optionee and
subject to such other terms and conditions contained in the Plan.     (d)   Any
combination of the above methods.

5.   Non-Transferability of Option. Except in the event of death (whether by
beneficiary designation or by will or the laws of descent and distribution) or
as permitted by the Plan, this Option is personal and no rights granted
hereunder shall be transferred, assigned, pledged, or hypothecated in any way
(whether by operation of law or otherwise), nor shall any such rights be subject
to execution, attachment or similar process.   6.   Adjustment. This Option is
subject to adjustment (including with respect to vesting of the Option Shares)
upon certain changes in the Company’s common stock and certain other events,
including a Change in Control Event or a Reorganization Event, as provided in
Section 11 of the Plan.   7.   Withholding Taxes. Regardless of any action the
Company or the Employer, if different, takes with respect to any or all income
tax, social insurance, payroll tax, payment on account or other tax related
items related to the Optionee’s participation in the Plan and legally applicable
to the Optionee (“Tax-Related Items”), the Optionee acknowledges that the
ultimate liability for all Tax-Related Items is and remains the Optionee’s
responsibility and may exceed the amount actually withheld by the Company or the
Employer. The Optionee further acknowledges that the Company and/or the Employer
(i) make no representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of the Option, including, but
not limited to, the grant, vesting or exercise of the Option, the subsequent
sale of Option Shares acquired pursuant to such exercise and the receipt of any
dividends; and (ii) do not commit to and are under no obligation to structure
the terms of the grant or any aspect of the Option to reduce or eliminate the
Optionee’s liability for Tax-Related Items or achieve any particular tax result.
Further, if the Optionee has become subject to tax in more than one jurisdiction

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    between the Date of Grant and the date of any relevant taxable or tax
withholding event, as applicable, the Optionee acknowledges that the Company
and/or the Employer (or former employer, as applicable) may be required to
withhold or account for Tax-Related Items in more than one jurisdiction.      
Prior to the relevant taxable or tax withholding event, as applicable, the
Optionee will pay or make adequate arrangements satisfactory to the Company
and/or the Employer to satisfy all Tax-Related Items. In this regard, the
Optionee authorizes the Company and/or the Employer, or their respective agents,
at their discretion, to satisfy the obligations with regard to all Tax-Related
Items by one or a combination of the following: (i) withholding from the
Optionee’s wages or other cash compensation paid to the Optionee by the Company
and/or the Employer; or (ii) withholding from proceeds of the sale of Option
Shares acquired at exercise of the Option either through a voluntary sale or
through a mandatory sale arranged by the Company (on the Optionee’s behalf
pursuant to this authorization); or (iii) withholding a sufficient number of
whole Option Shares otherwise issuable upon the exercise of the Option that have
an aggregate Fair Market Value (as defined under the Plan) sufficient to pay the
minimum Tax-Related Items required to be withheld with respect to the exercised
Option. The cash equivalent of the Option Shares withheld will be used to settle
the obligation to withhold the Tax-Related Items (determined by reference to the
closing price of the Common Stock on the New York Stock Exchange on the
applicable exercise date).       To avoid any negative accounting treatment, the
Company may withhold or account for Tax-Related Items by considering applicable
minimum statutory withholding amounts or other applicable withholding rates. If
the obligation for Tax-Related Items is satisfied by withholding in whole Option
Shares, for tax purposes, the Optionee is deemed to have been issued the full
number of Option Shares subject to the exercised Options, notwithstanding that a
number of the Option Shares are held back solely for the purpose of paying the
Tax-Related Items due as a result of any aspect of the Optionee’s participation
in the Plan. No fractional Option Shares will be withheld or issued pursuant to
the grant of the Option and the issuance of Option Shares hereunder.      
Finally, the Optionee shall pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold
or account for as a result of the Optionee’s participation in the Plan that
cannot be satisfied by the means previously described. The Company may refuse to
issue or deliver the shares or the proceeds of the sale of Option Shares, if the
Optionee fails to comply with the Optionee’s obligations in connection with the
Tax-Related Items.

8.   Nature of Grant. In accepting the Option, the Optionee acknowledges,
understands and agrees that:

  (a)   the Plan is established voluntarily by the Company, it is discretionary
in nature, and may be amended, suspended or terminated by the Company at any
time;     (b)   the grant of the Option is voluntary and occasional and does not
create any contractual or other right to receive future grants of options, or
benefits in lieu of options, even if options have been granted repeatedly in the
past;     (c)   all decisions with respect to future option grants, if any, will
be at the sole discretion of the Company;     (d)   the Optionee’s participation
in the Plan shall not create a right to further employment with the Employer and
shall not interfere with the ability of the Employer to terminate the Optionee’s
employment or service relationship (if any) at any time;     (e)   the Optionee
is voluntarily participating in the Plan;     (f)   the Option and any Option
Shares acquired under the Plan are not part of normal or expected compensation
or salary for any purposes, including, but not limited to, calculating any
severance, resignation, termination, redundancy, dismissal, end of service
payments, bonuses, long-service awards, pension or retirement or welfare
benefits or similar payments and in no event should be considered as
compensation for, or relating in any way to, past services for the Company or
the Employer;     (g)   the Option grant and the Optionee’s participation in the
Plan will not be interpreted to form an employment or service contract or
relationship with the Company or the Employer;     (h)   the future value of the
Option Shares underlying the Option is unknown and cannot be predicted with
certainty;     (i)   if the underlying Option Shares do not increase in value,
the Option will have no value;     (j)   if the Optionee exercises the Option
and acquires Option Shares, the value of such Option Shares may increase or
decrease in value, even below the Exercise Price;

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  (k)   for Optionees who reside outside the U.S., the following additional
provisions shall apply:

  (i)   the Option and any Option Shares acquired under the Plan are not
intended to replace any pension rights or compensation;     (ii)   the Option
and any Option Shares acquired under the Plan are extraordinary items that do
not constitute compensation of any kind for services of any kind rendered to the
Company or the Employer, and which is outside the scope of the Optionee’s
employment or service contract, if any; and     (iii)   no claim or entitlement
to compensation or damages shall arise from forfeiture of the Option resulting
from termination of the Optionee’s employment by the Company or the Employer
(for any reason whatsoever and whether or not in breach of local labor laws) and
in consideration of the grant of the Option to which the Optionee is otherwise
not entitled, the Optionee irrevocably agrees never to institute any claim
against the Company or the Employer, waive his or her ability, if any, to bring
any such claim, and release the Company and the Employer from any such claim;
if, notwithstanding the foregoing, any such claim is allowed by a court of
competent jurisdiction, then, by participating in the Plan, the Optionee shall
be deemed irrevocably to have agreed not to pursue such claim and agree to
execute any and all documents necessary to request dismissal or withdrawal of
such claims.

9.   No Advice Regarding Grant. The Company is not providing any tax, legal or
financial advice, nor is the Company making any recommendations regarding the
Optionee’s participation in the Plan, or the Optionee’s acquisition or sale of
the underlying Option Shares. The Optionee is hereby advised to consult with his
or her own personal tax, legal and financial advisors regarding his or her
participation in the Plan before taking any action related to the Plan.   10.  
Data Privacy. This Section 10 applies if the Optionee resides outside the U.S.:
The Optionee hereby explicitly and unambiguously consents to the collection, use
and transfer, in electronic or other form, of the Optionee’s personal data as
described in this Agreement and any other Option grant materials by and among,
as applicable, the Employer, the Company and its subsidiaries for the exclusive
purpose of implementing, administering and managing the Optionee’s participation
in the Plan.       The Optionee understands that the Company and the Employer
may hold certain personal information about the Optionee, including, but not
limited to, the Optionee’s name, home address and telephone number, date of
birth, social insurance number or other identification number, salary,
nationality, job title, any shares of stock or directorships held in the
Company, details of all Options or any other entitlement to shares of stock
awarded, canceled, exercised, vested, unvested or outstanding in the Optionee’s
favor, for the exclusive purpose of implementing, administering and managing the
Plan (“Data”).       The Optionee understands that Data will be transferred to
such other stock plan service provider as may be selected by the Company that
assists the Company with the implementation, administration and management of
the Plan. The Optionee understands that the recipients of the Data may be
located in the United States or elsewhere, and that the recipient’s country
(e.g., the United States) may have different data privacy laws and protections
than the Optionee’s country. The Optionee understands that he or she may request
a list with the names and addresses of any potential recipients of the Data by
contacting the Optionee’s local human resources representative. The Optionee
authorizes the Company, the stock plan service provider, and any other possible
recipients which may assist the Company (presently or in the future) with
implementing, administering and managing the Plan to receive, possess, use,
retain and transfer the Data, in electronic or other form, for the purpose of
implementing, administering and managing his or her participation in the Plan.
The Optionee understands that Data will be held only as long as is necessary to
implement, administer and manage the Optionee’s participation in the Plan. The
Optionee understands that he or she may, at any time, view Data, request
additional information about the storage and processing of Data, require any
necessary amendments to Data or refuse or withdraw the consents herein, in any
case without cost, by contacting in writing his or her local human resources
representative. The Optionee understands, however, that refusing or withdrawing
his or her consent may affect the Optionee’s ability to participate in the Plan.
For more information on the consequences of the Optionee’s refusal to consent or
withdrawal of consent, the Optionee understands that he or she may contact his
or her local human resources representative.   11.   Governing Law. This
Agreement shall be construed, interpreted and enforced in accordance with the
internal laws of the Commonwealth of Massachusetts without regard to any
applicable conflicts of laws.   12.   Electronic Delivery. The Company may, in
its sole discretion, decide to deliver any documents related to current or
future participation in the Plan by electronic means. The Optionee hereby
consents to receive such documents by electronic delivery and agrees to
participate in the Plan through an on-line or electronic system established and
maintained by the Company or a third party designated by the Company.

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13.   Language. If the Optionee has received this Agreement, or any other
document related to the Option and/or the Plan translated into a language other
than English and if the meaning of the translated version is different than the
English version, the English version will control.   14.   Severability. The
provisions of this Agreement are severable and if any one or more provisions are
determined to be illegal or otherwise unenforceable, in whole or in part, the
remaining provisions shall nevertheless be binding and enforceable.   15.  
Appendix. The Option shall be subject to any special provisions set forth in the
Appendix for the Optionee’s country of residence, if any. If the Optionee
relocates to one of the countries included in the Appendix during the life of
the Option, the special provisions for such country shall apply to the Optionee,
to the extent the Company determines that the application of such provisions is
necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. The Appendix constitutes part of this Agreement.  
16.   Imposition of Other Requirements. The Company reserves the right to impose
other requirements on the Option and the Option Shares purchased upon exercise
of the Option, to the extent the Company determines it is necessary or advisable
in order to comply with local laws or facilitate the administration of the Plan,
and to require the Optionee to sign any additional agreements or undertakings
that may be necessary to accomplish the foregoing.

A copy of the Plan prospectus is available on the Company’s Intranet at
http://signals.corpnt.analog.com/default.aspx. (From Signals home page, click
Knowledge Centers, HR, Employee Stock Programs. The related documents can be
found in the right-hand column.) If the Optionee is unable to access this
information via the Intranet, ADI’s or the Optionee’s regional stock plan
administrator can provide the Optionee with copies.

     
Ray Stata
  Jerald G. Fishman
Chairman of the Board
  President & Chief Executive Officer

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APPENDIX A TO
2006 STOCK INCENTIVE PLAN
GLOBAL NON-QUALIFIED STOCK OPTION AGREEMENT
This Appendix A includes additional terms and conditions that govern the Options
granted to the Optionee if the Optionee resides in one of the countries listed
herein. These terms and conditions are in addition to, or, if so indicated, in
place of, the terms and conditions set forth in the Agreement. Capitalized terms
used but not defined shall have the same meanings as set forth in the Plan
and/or the Agreement.
This Appendix A also includes certain issues of which the Optionee should be
aware with respect to his or her participation in the Plan. The information is
based on the securities, exchange control, income tax and other laws in effect
in the respective countries as of December 2010. Such laws are often complex and
change frequently. As a result, the Company strongly recommends that the
Optionee not rely on the information noted herein as the only source of
information relating to the consequences of participation in the Plan because
the information may be out of date when the Optionee exercises the Options or
when the Option Shares purchased under the Plan are subsequently sold.
In addition, the information is general in nature and may not apply to the
Optionee’s particular situation, and the Company is not in a position to assure
the Optionee of any particular result. Therefore, the Optionee is advised to
seek appropriate professional advice as to how the relevant laws in the
Optionee’s country may apply to his or her situation.
Finally, if the Optionee is a citizen or resident of a country other than the
one in which the Optionee is currently working, transferred employment after the
Options were granted or is considered a resident of another country for local
law purposes, the information contained herein may not apply.
AUSTRIA
There are no country-specific provisions.
BELGIUM
Taxation of Option. The Option must be accepted in writing either (i) within 60
days of the offer (for tax at offer), or (ii) after 60 days of the offer (for
tax at exercise). The Optionee has received a separate offer letter, acceptance
form and undertaking form in addition to the Agreement. The Optionee should
refer to the offer letter for a more detailed description of the tax
consequences of choosing to accept the Option. The Optionee should consult with
his or her personal tax advisor regarding completion of the additional forms.
CANADA
Data Privacy. This provision supplements Section 10 of the Agreement:
The Optionee hereby authorizes the Company and the Company’s representatives to
discuss with and obtain all relevant information from all personnel,
professional or not, involved in the administration and operation of the Plan.
The Optionee further authorizes the Company and the administrator of the Plan to
disclose and discuss the Plan with their advisors. The Optionee further
authorizes the Company and the Employer to record such information and to keep
such information in the Optionee’s employee file.
Payment of Exercise Price and Withholding Taxes. Notwithstanding anything in the
Agreement or the Plan, the Optionee agrees to pay the Exercise Price and any
Tax-Related Items solely by means of (i) cash, which may be paid by check, or
other instrument acceptable to the Company or (ii) a broker-assisted cashless
exercise, whereby the broker sells some or all of the Option Shares to be issued
upon exercise to pay the Exercise Price, brokerage fees and any applicable
Tax-Related Items. To the extent that tax regulatory requirements change, the
Company reserves the right to permit the Optionee to exercise the Option and pay
the Exercise Price and any applicable Tax-Related Items in Option Shares to the
extent permitted by the Plan.
CHINA
Payment of Exercise Price. The following supplements Section 4 of the Agreement:
APPENDIX A — 1

 

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Due to regulatory requirements in the PRC, the Optionee will be required to
exercise the Option using a broker assisted cashless sell-all exercise method
pursuant to which all Option Shares subject to the exercised Option will be sold
immediately upon exercise and the proceeds of sale, less any broker’s fees or
commissions, will be remitted to the Optionee. The Optionee will not be
permitted to hold Option Shares after exercise. The Optionee understands and
agrees that the Tax-Related Items with respect to the exercise of the Options
may be taken by Employer from the Optionee’s salary or other cash compensation.
The Optionee acknowledges that the Company’s designated broker is under no
obligation to arrange for the sale of the Option Shares pursuant to the cashless
sell-all exercise method at any particular price. The Company reserves the right
to provide additional methods of exercise depending on the development of local
law.
Exchange Control Requirements. Due to exchange control laws in the PRC, if the
Optionee is a PRC national he or she will be required to repatriate the proceeds
from the cashless sell-all exercise to the PRC. The Optionee understands and
agrees that such cash proceeds must be repatriated to the PRC through a special
exchange control account established by the Company, the Employer, or a
subsidiary of the Company, and the Optionee hereby consents and agrees that any
proceeds from the sale of Option Shares may be transferred to such special
account prior to being delivered to the Optionee.
Further, notwithstanding Section 3(e) or Section (g) of the Agreement, if the
Optionee terminates employment with the Company or the Employer due to death or
disability, the vesting of the Option shall terminate on the date of such
termination, and the Option Shares that are vested on the date of such
termination shall continue to be exercisable for a period of three (3) months
following such termination date. If the Optionee or the Optionee’s heirs do not
exercise the Option within three (3) months of the Optionee’s termination due to
death or disability, the Option will be forfeited and the Optionee or the
Optionee’s heirs will not be able to exercise the Option.
The Optionee understands and agrees that there will be a delay between the date
the Option Shares are sold and the date the cash proceeds are distributed to the
Optionee. The Optionee also understands and agrees that the Company is not
responsible for any currency fluctuation that may occur between the date the
Option Shares are sold and the date the cash proceeds are distributed to the
Optionee. The Optionee further agrees to comply with any other requirements that
may be imposed by the Company in the future to facilitate compliance with
exchange control requirements in the PRC.
DENMARK
Danish Stock Option Act. By participating in the Plan, the Optionee acknowledges
that he or she received an Employer Statement translated into Danish, which is
being provided to comply with the Danish Stock Option Act. To the extent more
favorable to the Optionee, the terms set forth in the Employer Statement will
apply to the Optionee’s participation in the Plan.
Notice of Grant. This provision supplements Section 8 in the Agreement:
By accepting the Option, the Optionee acknowledges, understands and agrees that
this grant relates to future services to be performed and is not a bonus or
compensation for past services.
FINLAND
There are no country-specific provisions.
FRANCE
French Qualified Option. This Option is intended to qualify for favorable tax
and social security treatment applicable to stock options granted under
Section L.225-177 to L.225-186-1 of the French Commercial Code, as amended and
in accordance with the relevant provisions set forth by the French tax and
social security laws and the French tax and social security administrations. The
Company does not undertake to maintain the qualified status of this Option. The
Optionee understands and agrees that he or she will be responsible for paying
personal income tax and the Optionee’s portion of social security contributions
resulting from the exercise of this Option in the event this Option loses its
qualified status and the Optionee will not be entitled to any damages if the
Option no longer qualifies as French-qualified Option.
Plan Terms. The Options are subject to the terms and conditions of the Plan and
the Rules of the Analog Devices, Inc. 2006 Stock Incentive Plan for Grants of
Options to Optionees in France (the “French Sub-plan”). To the extent that any
term is defined in both the Plan and the French Sub-plan, for purposes of this
grant of a French-qualified Option, the definitions in the French Sub-plan shall
prevail.
APPENDIX A — 2

 

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Option Exercise Price Per Share. With respect to Section 1 of the Agreement, the
Date of Grant shall be the Effective Grant Date set forth in the French Sub-plan
and the Option Exercise Price Per Share as of the Effective Grant Date shall be
no less than the minimum amount required under French law as set forth in the
French Sub-plan.
Exercise of the Option. This provision replaces Section 2 of the Agreement:
Subject to the Optionee’s continued employment, the Option will vest and become
exercisable with respect to 100% of the Option Shares on the fourth anniversary
of the Effective Grant Date.
Expiration. This provision replaces Section 3(c) of the Agreement:
Notwithstanding Section 3(a) of the Agreement, the Option will expire 91/2 years
after the Effective Grant Date ({FRENCHEXPDATE}), as defined in the French
Sub-plan.
Termination Upon Death. This provision replaces Section 3(e) of the Agreement:
If the Optionee’s employment is terminated because of death, the Optionee’s the
unvested portion of Optionee’s Option will immediately vest and become
exercisable by the Optionee’s estate or heirs on the termination date for a
period of six (6) months following the Optionee’s death. If the Optionee’s heirs
do not exercise the Option within six (6) months of the Optionee’s death, the
Option will be forfeited and the Optionee’s heirs will not be able to exercise
the Option.
Language Consent. By accepting this Option, the Optionee confirms having read
and understood the documents relating to this Option (e.g., the Plan, the French
Sub-plan, and the Agreement, including Appendix A) which were provided in the
English language. The Optionee accordingly accepts the terms of those documents.
Consentement a la Langue. En signant et renvoyant cet Accord, ou par acceptant
autrement l’Accord, le Titulaire de l’Option confirme ainsi avoir lu et compris
les documents relatifs à l’Option, (c’est-à-dire, Le Plan, Le Plan pour la
France et cet Accord) qui ont été fournis en langue anglaise. Le Titulaire de
l’Option accepte les termes de ces documents en connaissance de cause.
GERMANY
There are no country-specific provisions.
HONG KONG
Warning: The Options and Option Shares acquired upon exercise of the Options do
not constitute a public offering of securities under Hong Kong law and are
available only to employees of the Company. The Agreement, including Appendix A,
the Plan and other incidental communication materials have not been prepared in
accordance with and are not intended to constitute a “prospectus” for a public
offering of securities under the applicable securities legislation in Hong Kong.
Nor have the documents been reviewed by any regulatory authority in Hong Kong.
The Options are intended only for the personal use of each eligible employee of
the Company and may not be distributed to any other person. If the Optionee is
in any doubt about any of the contents of the Agreement, including Appendix A or
the Plan, the Optionee should obtain independent professional advice.
Securities Law Information. To facilitate compliance with securities laws in
Hong Kong, in the event the Optionee’s Options vest and become exercisable
within six (6) months of the Date of Grant, the Optionee agrees not to sell the
Option Shares issued upon exercise of the Options prior to the six-month
anniversary of the Date of Grant.
Nature of Scheme. The Company specifically intends that the Plan will not be an
occupational retirement scheme for purposes of the Occupational Retirement
Schemes Ordinance (“ORSO”). Notwithstanding the foregoing, if the Plan is deemed
to constitute an occupational retirement scheme for the purposes of ORSO, then
the Optionee’s grant shall be void.
INDIA
Payment of Exercise Price. This provision supplements Section 4 of the
Agreement:
Notwithstanding anything to the contrary in the Agreement, due to legal
restrictions in India, the Optionee will not be permitted to pay the Exercise
Price by (i) delivery of shares of Common Stock (as set forth in Section 4(c) of
the Agreement) or (ii) a broker assisted partial cashless exercise such that a
certain number of Option Shares subject to the exercised Option are sold
immediately upon exercise and the proceeds of the sale remitted to the Company
to cover the aggregate Exercise Price and any Tax-Related Items. However,
payment of the
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Exercise Price may be made by any of the other methods of payment set forth in
Section 4 of the Agreement. The Company reserves the right to provide the
Optionee with this method of payment depending on the development of local law.
IRELAND
Labor Law Acknowledgment. This provision supplements Section 8 of the Agreement:
By accepting the Option, the Optionee acknowledges, understands, and agrees that
the benefits received under the Plan will not be taken into account for any
redundancy or unfair dismissal claim.
Director Notification. If the Optionee is a director, shadow director1 or
secretary of an Irish subsidiary of the Company, the Optionee is subject to
certain notification requirements under Section 53 of the Companies Act, 1990.
Among these requirements is an obligation to notify the Irish affiliate in
writing within five (5) business days when the Optionee receives an interest
(e.g., Options, Option Shares) in the Company and the number and class of shares
or rights to which the interest relates. In addition, the Optionee must notify
the Irish subsidiary within five (5) business days when the Optionee sells
Option Shares acquired under the Plan. This notification requirement also
applies to any rights or Option Shares acquired by the Optionee’s spouse or
children (under the age of 18).
Restriction on Type of Shares Issued to Directors. If the Optionee is a director
of an Irish subsidiary of the Company, the Option will be granted over newly
issued shares only. In no event will treasury shares be issued pursuant to the
exercise of the Option. This restriction also applies to a shadow director of an
Irish subsidiary.
ISRAEL
Trust Arrangement. The Optionee understands and agrees that the Options are
offered subject to and in accordance with the terms of the Israeli Sub-Plan (the
“Sub-Plan”) under the 102 Capital Gains Track (as defined in the Sub-Plan), the
Trust Agreement among the trustee appointed by Analog Devices (Israel) Ltd. and
Analog Development (Israel) 1996 Ltd., and the Agreement. This includes the
option exercise price per share and any other requirements set out in the
Sub-plan. In the event of any inconsistencies among the Sub-Plan, the Agreement
and/or the Plan, the Sub-Plan will govern the Options granted to the Optionee in
Israel.
Payment of Exercise Price. This provision supplements Section 4 of the
Agreement:
Due to regulatory requirements and notwithstanding any terms or conditions of
the Plan or the Agreement to the contrary, the Optionee will be restricted to a
broker assisted cashless sell-all method of exercise with respect to the
Options. To complete a cashless sell-all exercise, the Optionee should instruct
the broker to: (i) sell all of the Option Shares issued upon exercise; (ii) use
the proceeds to pay the Exercise Price, brokerage fees and any Tax-Related
Items; and (iii) remit the balance in cash to the Optionee. In the event of
changes in regulatory requirements, the Company reserves the right to eliminate
the cashless sell-all method of exercise requirement and, in its sole
discretion, to permit cash exercise or cashless sell-to-cover exercise.
ITALY
Payment of Exercise Price. This provision supplements Section 4 of the
Agreement:
Due to regulatory requirements and notwithstanding any terms or conditions of
the Plan or the Agreement to the contrary, the Optionee will be restricted to a
broker assisted cashless sell-all method of exercise with respect to the
Options. To complete a cashless sell-all exercise, the Optionee should instruct
the broker to: (i) sell all of the Option Shares issued upon exercise; (ii) use
the proceeds to pay the Exercise Price, brokerage fees and any Tax-Related
Items; and (iii) remit the balance in cash to the Optionee. In the event of
changes in regulatory requirements, the Company reserves the right to eliminate
the cashless sell-all method of exercise requirement and, in its sole
discretion, to permit cash exercise or cashless sell-to-cover exercise.
Data Privacy. This provision replaces Section 10 of the Agreement:
The Optionee understands that the Employer, the Company and any subsidiary as a
data processor of the Company may hold certain personal information about the
Optionee, including, but not limited to, the Optionee’s name, home address and
telephone number, date of birth, social insurance or other identification
number, salary, nationality, job title, any Option Shares or directorships held
in the Company or any subsidiary, details of all Options, or any other
entitlement to Option Shares awarded, canceled, exercised, vested, unvested or
outstanding in the Optionee’s favor, and that the Company and the Employer will
process said data and other data lawfully
 

1   A shadow director is an individual who is not on the board of directors of
the Irish subsidiary but who has sufficient control so that the board of
directors of the Irish subsidiary acts in accordance with the “directions or
instructions” of the individual.

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received from third party (“Data”) for the exclusive purpose of implementing,
managing and administering the Plan and complying with applicable laws,
regulations and community legislation.
The Optionee also understands that providing the Company with Data is mandatory
for compliance with laws and is necessary for the performance of the Plan and
that the Optionee’s refusal to provide such Data would make it impossible for
the Company to perform its contractual obligations and may affect the Optionee’s
ability to participate in the Plan. The Controller of personal data processing
is Analog Devices, Inc., with registered offices at Analog Devices, Inc., One
Technology Way, Norwood, Massachusetts, 02062 U.S.A. and, pursuant to
Legislative Decree no. 196/2003, its Representative in Italy for privacy
purposes is Analog Devices SRL with its registered offices at Centro Direzionale
Milano 2, Palazzo Bernini 20090 Segrate, Milan, Italy.
The Optionee understands that Data will not be publicized, but it may be
accessible by the Employer as the data processor of the Company and within the
Employer’s organization by its internal and external personnel in charge of
processing. Furthermore, Data may be transferred to banks, other financial
institutions, or brokers involved in the management and administration of the
Plan. The Optionee understands that Data may also be transferred to the
independent registered public accounting firm engaged by the Company, and also
to the legitimate addresses under applicable laws. The Optionee further
understands that the Company and/or any subsidiary will transfer Data among
themselves as necessary for the purpose of implementing, administering and
managing the Optionee’s participation in the Plan, and that the Company and/or
any subsidiary may each further transfer Data to third parties assisting the
Company in the implementation, administration, and management of the Plan,
including any requisite transfer of Data to a broker or other third party with
whom the Optionee may elect to deposit any Option Shares acquired at exercise of
the Option. Such recipients may receive, possess, use, retain, and transfer Data
in electronic or other form, for the purposes of implementing, administering,
and managing the Optionee’s participation in the Plan. The Optionee understand
that these recipients may be acting as controllers, processors, or persons in
charge of processing, as the case may be, according to applicable privacy laws,
and that they may be located in or outside the European Economic Area, such as
in Japan or the United States or elsewhere, in countries that do not provide an
adequate level of data protection as intended under Italian privacy law. Should
the Company exercise its discretion in suspending all necessary legal
obligations connected with the management and administration of the Plan, it
will delete Data as soon as it has completed all the necessary legal obligations
connected with the management and administration of the Plan.
The Optionee understands that Data processing related to the purposes specified
above shall take place under automated or non-automated conditions, anonymously
when possible, that comply with the purposes for which Data is collected and
with confidentiality and security provisions, as set forth by applicable laws
and regulations, with specific reference to Legislative Decree no. 196/2003.
The processing activity, including communication, the transfer of Data abroad,
including outside of the European Economic Area, as herein specified and
pursuant to applicable laws and regulations, does not require the Optionee’s
consent thereto, as the processing is necessary to performance of law and
contractual obligations related to implementation, administration, and
management of the Plan. The Optionee understands that, pursuant to Section 7 of
the Legislative Decree no. 196/2003, the Optionee has the right at any moment
to, including but not limited to, obtain confirmation that Data exist or not,
access, verify their content, origin and accuracy, delete, update, integrate,
correct, block or terminate, for legitimate reason, the Data processing. To
exercise privacy rights the Optionee should address the Employer.
Furthermore, the Optionee is aware that Data will not be used for
direct-marketing purposes. In addition, Data provided can be reviewed and
questions or complaints can be addressed by contacting the Optionee’s local
human resources representative.
Plan Document Acknowledgment. In accepting the Option, the Optionee acknowledges
a copy of the Plan was made available to the Optionee, and that the Optionee has
reviewed the Plan and the Agreement, including Appendix A, in their entirety and
fully understand and accept all provisions of the Plan, the Agreement and
Appendix A.
The Optionee further acknowledges that he or she has read and specifically and
expressly approves the following provision in the Agreement: Term of Option;
Termination of Employment; Withholding Taxes; Nature of Grant; Imposition of
Other Requirement; and the Data Privacy provision in this Appendix A.
JAPAN
There are no country-specific provisions.
KOREA
There are no country-specific provisions.
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NETHERLANDS
Nature of Grant. This provision supplements Section 8 of the Agreement:
By accepting the Option, the Optionee acknowledges that the Option is intended
as an incentive for the Optionee to remain employed with the Employer and is not
intended as remuneration for labor performed.
Securities Law Acknowledgment. The Optionee should be aware of the Dutch
insider-trading rules, which may impact the sale of Option Shares issued upon
exercise of the Option. In particular, the Optionee may be prohibited from
effectuating certain transactions if he or she has inside information about the
Company.
Under Article 5:56 of the Dutch Financial Supervision Act, anyone who has
“insider information” related to an issuing company is prohibited from
effectuating a transaction in securities in or from the Netherlands. “Inside
information” is defined as knowledge of specific information concerning the
issuing company to which the securities relate or the trade in securities issued
by such company, which has not been made public and which, if published, would
reasonably be expected to affect the share price, regardless of the development
of the price. The insider could be any employee of any subsidiary in the
Netherlands who has inside information as described herein.
Given the broad scope of the definition of inside information, certain employees
working at a subsidiary in the Netherlands may have inside information and,
thus, would be prohibited from effectuating a transaction in securities in the
Netherlands at a time when the employee has such inside information.
If the Optionee is uncertain whether the insider-trading rules apply to him or
her, then the Optionee should consult with his or her personal legal advisor.
PHILIPPINES
Securities Law Information. The sale or disposal of Option Shares acquired under
the Plan may be subject to certain restrictions under Philippines securities
laws. Those restrictions should not apply if the offer and resale of Option
Shares takes place outside of the Philippines through the facilities of a stock
exchange on which the Option Shares are listed. The Option Shares are currently
listed on the New York Stock Exchange (the “NYSE”). The Company’s designated
broker should be able to assist the Optionee in the sale of Option Shares on the
NYSE. If the Optionee has questions with regard to the application of
Philippines securities laws to the disposal or sale of Option Shares acquired
under the Plan the Optionee should consult with his or her legal advisor.
SINGAPORE
Securities Law Information. The Options were granted to the Optionee pursuant to
the “Qualifying Person” exemption under section 273(1)(f) of the Singapore
Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”). The Agreement and
the Plan have not been lodged or registered as a prospectus with the Monetary
Authority of Singapore. The Optionee should note that the Optionee’s Options are
subject to section 257 of the SFA and the Optionee will not be able to make any
subsequent sale in Singapore, or any offer of such subsequent sale of the Option
Shares unless such sale or offer in Singapore is made pursuant to the exemptions
under Part XIII Division (1) Subdivision (4) (other than section 280) of the SFA
(Cap 289, 2006 Ed.).
SLOVAKIA
There are no country-specific provisions.
SPAIN
No Entitlement for Claims or Compensation. In accepting the Options, the
Optionee acknowledges that he or she consents to participation in the Plan and
has received a copy of the Plan. The Optionee understands that the Company has
unilaterally, gratuitously and in its sole discretion decided to grant Options
under the Plan to individuals who may be employees of the Company or its
subsidiaries throughout the world. The decision is a limited decision that is
entered into upon the express assumption and condition that any Options will not
economically or otherwise bind the Company or any of its subsidiaries on an
ongoing basis. Consequently, the Optionee understands that the Options are
granted on the assumption and condition that the Options and the underlying
Option Shares acquired upon exercise shall not become a part of any employment
contract (either with the Company or any of its subsidiaries) and shall not be
considered a mandatory benefit, salary for any purposes (including severance
compensation) or any other right whatsoever. In addition, the Optionee
understands that the Option would not have been granted to the Optionee but for
the assumptions and conditions referred to above; thus, the Optionee
acknowledges and freely accepts that should any or all of the assumptions be
mistaken or should any of the conditions not be met for any reason, then any
Options shall be null and void.
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Further, the vesting of the Option is expressly conditioned on the Optionee’s
continued rendering of service, such that if the Optionee’s employment
terminates for any reason whatsoever, the Award may cease vesting immediately,
in whole or in part, effective on the date of the Optionee’s termination of
employment (unless otherwise specifically provided in Section 3 of the
Agreement). This will be the case, for example, even if (1) the Optionee is
considered to be unfairly dismissed without Cause; (2) the Optionee is dismissed
for disciplinary or objective reasons or due to a collective dismissal; (3) the
Optionee terminates service due to a change of work location, duties or any
other employment or contractual condition; (4) the Optionee terminates service
due to a unilateral breach of contract by the Company or the Employer; or
(5) the Optionee’s employment terminates for any other reason whatsoever.
Consequently, upon termination of the Optionee’s employment for any of the above
reasons, the Optionee may automatically lose any rights to Options that were not
vested on the date of the Optionee’s termination of employment, as described in
the Plan and the Agreement.
The Optionee acknowledges that he or she has read and specifically accepts the
conditions referred to in Section 3 of the Agreement.
SWEDEN
Automatic Cashless Exercise and Sale. This Option grant is conditioned upon the
Optionee’s consent to the automatic cashless exercise, which the Company will
provide to the Optionee. If the Company does not receive the Optionee’s signed
consent, then the Option will terminate and will become null and void.
TAIWAN
There are no country-specific provisions.
UNITED KINGDOM
Joint Election. As a condition of the Optionee’s participation in the Plan and
the exercise of the Option, the Optionee agrees to accept any liability for
secondary Class 1 National Insurance contributions which may be payable by the
Company and/or the Employer in connection with the Option and any event giving
rise to Tax-Related Items (the “Employer’s Liability”). Without prejudice to the
foregoing, the Optionee agrees to enter into a joint election with the Company,
the form of such joint election being formally approved by HMRC (the “Joint
Election”), and any other required consent or elections. The Optionee further
agrees to enter into such other Joint Elections as may be required between the
Optionee and any successor to the Company and/or the Employer. The Optionee
further agrees that the Company and/or the Employer may collect the Employer’s
Liability from the Optionee by any of the means set forth in Section 7 of the
Agreement.
If the Optionee does not enter into the Joint Election prior to the exercise of
the Option, the Optionee will forfeit the Option and any Option Shares that have
been issued will be returned to the Company at no cost to the Company, without
any liability to the Company and/or the Employer.
If the Optionee has signed a Joint Election in the past with respect to Options
granted to him or her by the Company and that Joint Election applies to all
grants made under the Plan, the Optionee need not sign another Joint Election in
connection with this Option grant.
APPENDIX A — 7