Exhibit 10.174

LAM RESEARCH CORPORATION (Novellus Systems, Inc.)

2011 Stock Incentive Plan (As Amended)

Restricted Stock Unit Award Agreement

Pursuant to the terms of the 2011 Stock Incentive Plan (As Amended) (the “Plan”)
Lam Research Corporation, a Delaware corporation (the “Company”), hereby awards
restricted stock units (“Restricted Stock Units”) to [Insert] (the
“Participant”) on the terms and conditions as set forth in this Restricted Stock
Unit Award Agreement (the “Agreement”) and the Plan. Capitalized terms used but
not defined in this Agreement shall have the meaning specified in the Plan. This
Agreement is effective as of [Insert] (the “Grant Date”).

NOW, THEREFORE, it is hereby agreed as follows:

1. Award of Restricted Stock Units. Subject to the terms and conditions of this
Agreement and the Plan (the terms of which are incorporated herein by reference)
and effective as of the date set forth above, the Company hereby grants to the
Participant [Insert] Restricted Stock Units. The Restricted Stock Units
represent an unfunded, unsecured promise by the Company to deliver Shares
subject to the terms and conditions of this Agreement.

2. Vesting.

(a) Subject to the terms and conditions of this Agreement and provided that the
Participant continues to provide Service (as defined in Section 3 below) to the
Company (or any Related Entity) through the applicable date:

[Insert Shares] of the Restricted Stock Units will vest and become payable in
Shares on the [Insert Date];

[Insert Shares] of the Restricted Stock Units will vest and become payable
Shares on the [Insert Date] (the “Vesting Dates”);

(b) In the event of a Change of Control of the Company, the Restricted Stock
Units are governed by Section 11 of the Plan.

3. Effect of Termination of Service or Leave of Absence.

(a) For purposes of this Agreement, Continuous Service shall mean the
performance of services for the Company (or any Related Entity) in the capacity
of an Employee and shall be considered terminated on the last day the
Participant is on payroll (“Service”). In the event of termination of the
Participant’s Service by the Participant or by the Company or a Related Entity
for any reason, including Participant’s death or “disability” (as determined by
the Administrator) before all Restricted Stock Units have vested, the unvested
Restricted Stock Units shall be cancelled by the Company.

(b) As of the 31st (or 91st if reemployment is guaranteed by statute or
contract) day of a leave of absence, vesting of the Restricted Stock Units will
be suspended and vesting credit will no longer accrue, unless otherwise
determined by the Administrator or

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required by contract or statute. If the Participant returns to Service
immediately after the end of an approved leave of absence, vesting credit shall
continue to accrue from that date of continued Service.

4. Form and Timing of Payment.

(a) Subject to Section 5 of this Agreement and provided that the Participant has
satisfied the vesting requirements of Section 2 of this Agreement, on each
Vesting Date, the Restricted Stock Units shall automatically be converted into
unrestricted Shares. Such Shares will be issued to the Participant (as evidenced
by the appropriate entry in the books of the Company or a duly authorized
transfer agent of the Company) on the Vesting Date (or as soon a practicable),
but in any event, within the period ending on the later to occur of the date
that is 2  1/2 months after the end of (i) the Participant’s tax year that
includes the applicable Vesting Date, or (ii) the Company’s tax year that
includes the applicable Vesting Date.

(b) Shares issued in respect of a Restricted Stock Unit shall be deemed to be
issued in consideration of past services actually rendered by the Participant to
the Company or a Related Entity or for its benefit for which the Participant has
not previously been compensated or for future services to be rendered, as the
case may be, which the Company deems to have a value at least equal to the
aggregate par value of the Shares subject to the Restricted Stock Unit.

5. Tax Withholding Obligations. Regardless of any action the Company or the
Participant’s employer (the “Employer”) takes with respect to any or all income
tax (including federal, state and local taxes), social insurance, payroll tax,
or other tax-related withholding (“Tax-Related Items”), the Participant
acknowledges that the ultimate liability for all Tax-Related Items legally due
by the Participant is and remains the Participant’s responsibility and 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 Restricted Stock Units, including the grant of the Restricted Stock
Units, the vesting of the Restricted Stock Units, or the receipt of an
equivalent cash payment, the subsequent sale of any Shares acquired at vesting
and the receipt of any dividends; and (ii) do not commit to structure the terms
of the grant or any aspect of the Restricted Stock Units to reduce or eliminate
the Participant’s liability for Tax-Related Items or achieve any particular tax
result.

Prior to the issuance of Shares upon vesting of the Restricted Stock Units (or
any other tax or withholding event), the Participant shall pay, or make
arrangements satisfactory to the Company (in the Company’s sole discretion) to
satisfy all withholding obligations. In those cases where a prior arrangement
has not been made (or where the amount of money provided under the prior
arrangement is insufficient to satisfy the obligations for Tax-Related Items),
the Company shall withhold a number of whole Shares otherwise deliverable at
vesting having a Fair Market Value sufficient to satisfy the statutory minimum
(or such higher amount as is allowable without adverse accounting consequences)
of the Participant’s estimated obligations for Tax-Related Items applicable to
the Restricted Stock Units; such withholding will result in the issuance to the
participant of a lower number of Shares.

The Company and/or the Employer may also, in lieu of or in addition to the
foregoing, at the Company’s sole discretion, as authorized herein by the
Participant, withhold all applicable

 

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Tax-Related Items legally payable by the Participant from the Participant’s
wages or other cash compensation or to withhold in one of the following ways, as
determined by the Company: (i) require the Participant to deposit with the
Company an amount of cash sufficient to meet his or her obligation for
Tax-Related Items, and/or (ii) sell or arrange for the sale of Shares to be
issued on the vesting of Restricted Stock Units to satisfy the withholding
obligation. If the Participant’s obligation for Tax-Related Items is satisfied
as described in (ii) of this section, the Company will endeavor to sell only the
number of Shares required to satisfy the Participant’s obligations for
Tax-Related Items; however, the Participant agrees that the Company may sell
more Shares than necessary to cover the Tax-Related Items and that in such
event, the Company will reimburse the Participant for the excess amount
withheld, in cash and without interest. The Participant shall pay the Employer
any amount of Tax-Related Items the Employer may be required to withhold as a
result of the Participant’s receipt of Restricted Stock Units, the vesting of
Restricted Stock Units that cannot be satisfied by the means previously
described. The Company may refuse to deliver Shares to the Participant if the
Participant fails to comply with his or her obligation in connection with the
Tax-Related Items as described herein. The Participant hereby consents to any
action reasonably taken by the Company and/or the Employer to meet his or her
obligation for Tax-Related Items.

Further, in consideration of the grant of Restricted Stock Units, no claim or
entitlement to compensation or damages arises if, in satisfying the
Participant’s (and/or the Employer’s) obligation for Tax-Related Items, the
Company and/or the Employer withholds an amount in excess of the amount legally
required to be withheld, the Participant irrevocably releases the Company and
the Employer from any such claim that may arise; if, notwithstanding the
foregoing, any such claim is found by a court of competent jurisdiction to have
arisen, then, by signing this Agreement, the Participant shall be deemed
irrevocably to have waived his or her entitlement to pursue such claim or
damages.

6. Restriction on Transferability. Prior to vesting and delivery of the Shares,
neither the Restricted Stock Units, nor the Shares or any beneficial interest
therein, may be sold, transferred, pledged, assigned, or otherwise alienated at
any time. Any attempt to do so contrary to the provisions hereof shall be null
and void. Notwithstanding the above, distribution can be made pursuant to will,
the laws of descent and distribution, and if provided by the Administrator,
intra-family transfer instruments, or to an inter vivos trust, or as otherwise
provided by the Administrator. The terms of this Agreement shall be binding upon
the executors, administrators, heirs, successors and assigns of the Participant.

7. Requirements of Law. The issuance of Shares upon vesting of the Restricted
Stock Units is subject to Sections 9 and 14(b) of the Plan, which generally
provides that any such issuance shall be subject to compliance by the Company
and the Participant with all applicable requirements of law relating thereto and
with all applicable regulations of any stock exchange on which the Shares may be
listed for trading at the time of such issuance. The inability of the Company to
obtain approval from any regulatory body having authority deemed by the Company
to be necessary to the lawful issuance of any Shares hereby shall relieve the
Company of any liability with respect to the non-issuance of the Shares as to
which such approval shall not have been obtained. The Company, however, shall
use its reasonable efforts to obtain all such approvals.

 

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8. Rights as Shareholder. The Participant shall not have voting, dividend or any
other rights as a shareholder of the Company with respect to the Restricted
Stock Units. Upon settlement of the Participant’s Restricted Stock Units into
Shares (as evidenced by the appropriate entry on the books of the Company or of
a duly authorized transfer agent of the Company), the Participant will obtain
full voting, dividend and other rights as a shareholder of the Company.

9. No Compensation Deferrals. Neither the Plan nor this Agreement is intended to
provide for an elective deferral of compensation that would be subject to
Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended
(the “Code”). If, notwithstanding the parties’ intent in this regard, at the
time of the Participant’s termination of Service, he or she is determined to be
a “specified employee” as defined in Code Section 409A, and one or more of the
payments or benefits received or to be received by the Participant pursuant to
the Restricted Stock Units would constitute deferred compensation subject to
Code Section 409A, no such payment or benefit will be provided under the
Restricted Stock Units until the earliest of (A) the date which is six
(6) months after the Participant’s “separation from service” for any reason,
other than death or “disability” (as such terms are used in Section 409A(a)(2)
of the Code), (B) the date of the Participant’s death or “disability” (as such
term is used in Section 409A(a)(2)(C) of the Code), or (C) the effective date of
a “change in the ownership or effective control” or a “change in ownership of a
substantial portion of the assets” of the Company (as such terms are used in
Section 409A(a)(2)(A)(v) of the Code). The provisions of this Section 9 shall
only apply to the extent required to avoid the Participant’s incurrence of any
additional tax or interest under Code Section 409A or any regulations or U.S.
Department of the Treasury (“Treasury”) guidance promulgated thereunder. In
addition, if any provision of the Restricted Stock Units would cause the
Participant to incur any additional tax or interest under Code Section 409A or
any regulations or Treasury guidance promulgated thereunder, the Company
reserves the right, to the extent the Company deems necessary or advisable in
its sole discretion, to unilaterally amend or modify the Plan and/or this
Agreement to conform it to the maximum extent practicable to the original intent
of the applicable provision without violating the provisions of Code
Section 409A, including without limitation to limit payment or distribution of
any amount of benefit hereunder in connection with a Change in Control to a
transaction meeting the definitions referred to in clause (C) above, or in
connection with any disability to a disability as referred to in (B) above;
provided however that the Company makes no representation that this Restricted
Stock Unit is not subject to Section 409A nor makes any undertaking to preclude
Section 409A from applying to this Restricted Stock Unit. In addition, to the
extent the Company determines it appropriate to accelerate any vesting
conditions applicable to this award, then to the extent necessary to avoid the
Participant’s incurring any additional tax or interest as a result of such
vesting acceleration under Code Section 409A or any regulations or Treasury
guidance promulgated thereunder, and notwithstanding Section 4 above, the
Company may as a condition to extending such acceleration benefits provide for
the Shares to be issued upon settlement of the Restricted Stock Units to be
issued on the earliest date (the “Permitted Distribution Date”) that would
obviate application of such additional tax or interest rather than issuing them
upon the date on which such vesting is effective as would otherwise be required
under Section 2 (or as soon as practicable after such Permitted Distribution
Date and in no event later than that last day of the grace period following such
date permitted under Code Section 409A).

 

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10. Administration. The Administrator shall have the power to interpret the Plan
and this Agreement and to adopt such rules for the administration,
interpretation, and application of the Plan as are consistent therewith and to
interpret or revoke any such rules. All actions taken and all interpretations
and determinations made by the Administrator shall be final and binding upon the
Participant, the Company, and all other interested persons. No Administrator
shall be personally liable for any action, determination, or interpretation made
in good faith with respect to the Plan or this Agreement.

11. Effect on Other Employee Benefit Plans. The value of the Restricted Stock
Units granted pursuant to this Agreement shall not be included as compensation,
earnings, salaries, or other similar terms used when calculating the
Participant’s benefits under any employee benefit plan sponsored by the Company
or any Related Entity, except as such plan otherwise expressly provides. The
Company expressly reserves its rights to amend, modify, or terminate any of the
Company’s or any Related Entity’s employee benefit plans.

12. No Employment Rights. The award of the Restricted Stock Units pursuant to
this Agreement shall not give the Participant any right to continue providing
Service to the Company or an Affiliate and shall not interfere with the ability
of the Employer to terminate the Participant’s Service with the Company at any
time with or without cause.

13. Nature of the Grant. In accepting the Restricted Stock Units, the
Participant acknowledges that:

(a) the Plan is established voluntarily by the Company, it is discretionary in
nature and may be modified, amended, suspended or terminated by the Company at
any time, unless otherwise provided in the Plan and this Agreement;

(b) the grant of Restricted Stock Units is voluntary and occasional and does not
create any contractual or other right to receive future awards of Restricted
Stock Units, or benefits in lieu of Restricted Stock Units even if Restricted
Stock Units have been awarded repeatedly in the past;

(c) all decisions with respect to future grants of Restricted Stock Units, if
any, will be at the sole discretion of the Company;

(d) the Participant’s participation in the Plan is voluntary;

(e) Restricted Stock Units are outside the scope of the Participant’s employment
contract, if any;

(f) Restricted Stock Units are not part of normal or expected compensation or
salary for any purpose, including, but not limited to, calculation of any
overtime, severance, resignation, termination, redundancy, end of service
payments, bonuses, long-service awards, pension or retirement benefits or
similar payments;

(g) in the event that the Participant is not an employee of the Company, the
grant of Restricted Stock Units will not be interpreted to form an employment
contract or relationship with the Company; and furthermore, the grant of
Restricted Stock Units will not be interpreted to form an employment contract
with the Employer or any Related Entity;

 

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(h) the future value of the underlying Shares is unknown and cannot be predicted
with certainty;

(i) if the Participant receives Shares upon vesting of the Restricted Stock
Units, the value of such Shares may increase or decrease in value;

(j) in consideration of the grant of Restricted Stock Units, no claim or
entitlement to compensation or damages arises from termination of the Restricted
Stock Units or diminution in value of the Restricted Stock Units or Shares
received upon vesting of Restricted Stock Units resulting from termination of
the Participant’s Service to the Company or the Employer (for any reason
whatsoever and whether or not in breach of local labor laws) and the Participant
irrevocably releases the Company and the Employer from any such claim that may
arise; if, notwithstanding the foregoing, any such claim is found by a court of
competent jurisdiction to have arisen, then, by signing this Agreement, the
Participant shall be deemed irrevocably to have waived his or her entitlement to
pursue such claim.

14. Amendment of Agreement. This Agreement may be amended only by a writing
which specifically states that it amends this Agreement. Notwithstanding the
foregoing, this Agreement may be amended unilaterally by the Committee by a
writing which specifically states that it is amending this Agreement, so long as
a copy of such amendment is delivered to the Participant, and provided that no
such amendment adversely affects the rights of the Participant. Limiting the
foregoing, the Committee reserves the right to change, by written notice to the
Participant, the provisions of the Restricted Stock Units or this Agreement in
any way it may deem necessary or advisable to carry out the purpose of the grant
as a result of any change in applicable laws or regulations or any future law,
regulation, ruling, or judicial decision, or, to the extent permissible under
the Plan (including, but not limited to Sections 10, 11 and 13 of the Plan).

15. Notices. Any notice to be given under the terms of this Agreement to the
Company shall be addressed to the Company in care of its Administrator. Any
notice to be given to the Participant shall be addressed to the Participant at
the address listed in the Employer’s records. By a notice given pursuant to this
Section, either party may designate a different address for notices. Any notice
shall have been deemed given when actually delivered.

16. Severability. The provisions of this Agreement are severable and if all or
any part of this Agreement or the Plan is declared by any court or governmental
authority to be unlawful or invalid, such unlawfulness or invalidity shall not
invalidate any portion of this Agreement or the Plan not declared to be unlawful
or invalid. Any Section of this Agreement (or part of such a Section) so
declared to be unlawful or invalid shall, if possible, be construed in a manner
which will give effect to the terms of such Section or part of a Section to the
fullest extent possible while remaining lawful and valid.

17. Construction. The Restricted Stock Units are being issued pursuant to the
Plan and are subject to the terms of the Plan. A copy of the Plan is available
upon request during

 

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normal business hours at the principal executive offices of the Company. To the
extent that any provision of this Agreement violates or is inconsistent with a
provision of the Plan, the Plan provision shall govern and any inconsistent
provision in this Agreement shall be of no force or effect.

18. Electronic Delivery. The Company may, in its sole discretion, decide to
deliver any documents related to the Restricted Stock Units granted under the
Plan and participation in the Plan or future Restricted Stock Units that may be
granted under the Plan by electronic means or to request the Participant’s
consent to participate in the Plan by electronic means. The Participant hereby
consents to receive such documents by electronic delivery and, if requested, to
agree to participate in the Plan through an on-line or electronic system
established and maintained by the Company or another third party designated by
the Company.

19. Entire Agreement. The Plan is incorporated herein by reference. The Plan and
this Agreement constitute the entire agreement of the Company and the
Participant with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and the
Participant with respect to the subject matter hereof.

20. Miscellaneous.

(a) The Company has established the Plan voluntarily, it is discretionary in
nature and the Board may terminate, amend, or modify the Plan at any time;
provided, however, that no such termination, amendment, or modification of the
Plan may in any way adversely affect the Participant’s rights under this
Agreement, without the Participant’s written approval unless such termination,
amendment, or modification of the Plan is necessary in order to comply with any
change in applicable laws or regulations or any future law, regulation, ruling,
or judicial decision or otherwise permissible under the Plan (including, but not
limited to Sections 10, 11 and 13 of the Plan).

(b) All obligations of the Company under the Plan and this Agreement in a Change
of Control shall be governed by the Plan.

(c) By signing this Agreement, the Participant acknowledges that his or her
personal employment or Service information regarding participation in the Plan
and information necessary to determine and pay, if applicable, benefits under
the Plan must be shared with other entities, including companies related to the
Company and persons responsible for certain acts in the administration of the
Plan. By signing this Agreement, the Participant consents to such transmission
of personal data as the Company believes is appropriate to administer the Plan.

(d) To the extent not preempted by federal law, this Agreement shall be governed
by, and construed in accordance with, the laws of the State of Delaware, without
regard to its principles of conflict of laws.

21. Acceptance of Terms and Conditions. By accepting the terms of this
Agreement, the Participant agrees to abide by all of the governing terms and
provisions of the Plan and this Agreement. Additionally, the Participant
acknowledges having read and understood the terms and conditions of the Plan and
this Agreement and has had an opportunity to obtain the advice of

 

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counsel prior to accepting this Agreement. The Participant must acknowledge his
or her agreement to abide by the terms and conditions of the Plan and Agreement
by executing this Agreement electronically or, if otherwise instructed by the
Company, by printing and signing a paper copy of this Agreement and returning it
to the appropriate Company representative. In addition, the transfer or sale of
the shares obtained at vesting by the Participant shall be considered an
additional acknowledgment of the terms and conditions contained in the Plan and
Agreement.

*    *    *    *    *

 

PARTICIPANT SIGNATURE

 

   

PRINTED NAME

 

   

DATE

 

   

 

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