Exhibit 10.103

CATALYST SEMICONDUCTOR, INC.

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

This Amended and Restated Employment Agreement (the “Agreement”) is entered into
as of May 23, 2007, (the “Effective Date”) by and between Catalyst
Semiconductor, Inc. (the ”Company”), and Gelu Voicu (“Executive”), and replaces
and supersedes in its entirety the employment agreement entered into between the
Company and Executive as of May 23, 2003.

1.             DUTIES AND SCOPE OF EMPLOYMENT.

(A)           POSITIONS AND DUTIES.  AS OF THE EFFECTIVE DATE, EXECUTIVE WILL
CONTINUE TO SERVE AS CHIEF EXECUTIVE OFFICER OF THE COMPANY.  EXECUTIVE WILL
RENDER SUCH BUSINESS AND PROFESSIONAL SERVICES IN THE PERFORMANCE OF HIS DUTIES,
CONSISTENT WITH EXECUTIVE’S POSITION WITHIN THE COMPANY, AS WILL REASONABLY BE
ASSIGNED TO HIM BY THE COMPANY’S BOARD OF DIRECTORS (THE “BOARD”).

(B)           BOARD MEMBERSHIP.  DURING THE EMPLOYMENT TERM (AS DEFINED BELOW),
EXECUTIVE WILL CONTINUE TO SERVE AS A MEMBER OF THE BOARD, SUBJECT TO ANY
REQUIRED BOARD AND/OR SHAREHOLDER APPROVAL.  IN THE EVENT OF EXECUTIVE’S
TERMINATION OF EMPLOYMENT WITH THE COMPANY FOR ANY REASON, EXECUTIVE AGREES TO
RESIGN HIS POSITION ON THE BOARD WITHIN THREE (3) BUSINESS DAYS OF HIS
TERMINATION OF EMPLOYMENT.

(C)           OBLIGATIONS.  DURING THE EMPLOYMENT TERM, EXECUTIVE WILL PERFORM
HIS DUTIES FAITHFULLY AND TO THE BEST OF HIS ABILITY AND WILL DEVOTE HIS FULL
BUSINESS EFFORTS AND TIME TO THE COMPANY.  FOR THE DURATION OF THE EMPLOYMENT
TERM, EXECUTIVE AGREES NOT TO ACTIVELY ENGAGE IN ANY OTHER EMPLOYMENT,
OCCUPATION OR CONSULTING ACTIVITY FOR ANY DIRECT OR INDIRECT REMUNERATION
WITHOUT THE PRIOR APPROVAL OF THE BOARD.

2.             AT-WILL EMPLOYMENT.  EXECUTIVE’S EMPLOYMENT WITH THE COMPANY
PURSUANT TO THIS AGREEMENT (THE “EMPLOYMENT TERM”) WILL COMMENCE ON THE
EFFECTIVE DATE AND WILL CONTINUE, UNTIL OTHERWISE TERMINATED AS PROVIDED
HEREIN.  THE PARTIES AGREE THAT EXECUTIVE’S EMPLOYMENT WITH THE COMPANY WILL BE
“AT-WILL” EMPLOYMENT AND MAY BE TERMINATED AT ANY TIME WITH OR WITHOUT CAUSE BY
GIVING EXECUTIVE A WRITTEN NOTICE.  EXECUTIVE UNDERSTANDS AND AGREES THAT
NEITHER HIS JOB PERFORMANCE NOR PROMOTIONS, COMMENDATIONS, BONUSES OR THE LIKE
FROM THE COMPANY GIVE RISE TO OR IN ANY WAY SERVE AS THE BASIS FOR CONTINUATION,
MODIFICATION, AMENDMENT, OR EXTENSION, BY IMPLICATION OR OTHERWISE, OF HIS
EMPLOYMENT WITH THE COMPANY.  HOWEVER, AS DESCRIBED IN THIS AGREEMENT, EXECUTIVE
MAY BE ENTITLED TO SEVERANCE BENEFITS DEPENDING ON THE CIRCUMSTANCES OF
EXECUTIVE’S TERMINATION OF EMPLOYMENT WITH THE COMPANY.

3.             COMPENSATION.

(A)           BASE SALARY.  DURING THE EMPLOYMENT TERM, THE COMPANY WILL PAY
EXECUTIVE AS COMPENSATION FOR HIS SERVICES A BASE SALARY AT THE ANNUALIZED RATE
OF $350,000.00 (THE “BASE SALARY”) OR SUCH OTHER RATE NOT BELOW $350,000.00 AS
THE COMPENSATION COMMITTEE OF THE BOARD (THE “COMMITTEE”) MAY DETERMINE FROM
TIME TO TIME.  THE BASE SALARY WILL BE PAID PERIODICALLY IN

--------------------------------------------------------------------------------

ACCORDANCE WITH THE COMPANY’S NORMAL PAYROLL PRACTICES AND BE SUBJECT TO
APPLICABLE WITHHOLDING TAXES.

Once the Committee has increased such Base Salary, it thereafter will not be
reduced; provided, however, that if a Change of Control (as defined below) has
not occurred, such salary may be reduced by the Committee if such reduction is
in proportion to a salary reduction program approved by the Board which affects
a majority of the other executive officers of the Company generally.

(B)           BONUS.  FOR EACH FISCAL YEAR OF THE COMPANY, EXECUTIVE WILL BE
ELIGIBLE TO RECEIVE AN ANNUAL BONUS IN AN AMOUNT TARGETED AT SIXTY-FIVE PERCENT
(65%) OF HIS BASE SALARY BASED UPON THE ACHIEVEMENT OF PERFORMANCE CRITERIA
SPECIFIED BY THE COMMITTEE (THE “TARGET BONUS”).  IN THE EVENT THAT THE COMPANY
AND EXECUTIVE FAR EXCEED THE PERFORMANCE GOALS SPECIFIED BY THE COMMITTEE, THE
MAXIMUM ANNUAL BONUS EXECUTIVE CAN EARN IS TWO TIMES THE TARGET BONUS (THAT IS,
130% OF HIS BASE SALARY).  THE ACTUAL AMOUNT OF THE BONUS PAYABLE FOR ANY FISCAL
QUARTER WILL DEPEND UPON THE EXTENT TO WHICH THE APPLICABLE QUARTERLY OR ANNUAL
PERFORMANCE CRITERIA HAVE BEEN SATISFIED, AS DETERMINED BY THE COMMITTEE AT THE
END OF EACH FISCAL QUARTER.  ANY BONUS THAT ACTUALLY IS EARNED WILL BE PAID AS
SOON AS PRACTICABLE (BUT NO LATER THAN SIXTY (60) DAYS AFTER THE BONUS IS
EARNED) AFTER THE END OF THE FISCAL QUARTER FOR WHICH THE BONUS IS EARNED, BUT
ONLY IF EXECUTIVE WAS EMPLOYED WITH THE COMPANY THROUGH THE END OF SUCH FISCAL
QUARTER.  THE BONUS WILL BE SUBJECT TO ALL APPLICABLE WITHHOLDING TAXES.

4.             EMPLOYEE BENEFITS.  DURING THE EMPLOYMENT TERM, EXECUTIVE WILL BE
ENTITLED TO PARTICIPATE IN THE EMPLOYEE BENEFIT PLANS CURRENTLY AND HEREAFTER
MAINTAINED BY THE COMPANY OF GENERAL APPLICABILITY TO OTHER SENIOR EXECUTIVES OF
THE COMPANY.  THE COMPANY RESERVES THE RIGHT TO CANCEL OR CHANGE THE BENEFIT
PLANS AND PROGRAMS IT OFFERS TO ITS EMPLOYEES AT ANY TIME.  DURING THE
EMPLOYMENT TERM, THE COMPANY WILL PROVIDE EXECUTIVE WITH A $1,000,000 TERM LIFE
INSURANCE POLICY.  

5.             EXPENSES.  THE COMPANY WILL REIMBURSE EXECUTIVE FOR REASONABLE
TRAVEL, ENTERTAINMENT OR OTHER EXPENSES INCURRED BY EXECUTIVE IN THE FURTHERANCE
OF OR IN CONNECTION WITH THE PERFORMANCE OF EXECUTIVE’S DUTIES HEREUNDER, IN
ACCORDANCE WITH THE COMPANY’S EXPENSE REIMBURSEMENT POLICY AS IN EFFECT FROM
TIME TO TIME.

6.     SEVERANCE.

(A)           INVOLUNTARY TERMINATION.  IF (I) THE COMPANY INVOLUNTARILY
TERMINATES EXECUTIVE’S EMPLOYMENT WITHOUT “CAUSE” (AS DEFINED HEREIN), BUT
EXCLUDING A TERMINATION BASED ON EXECUTIVE’S DEATH OR “DISABILITY” (AS DEFINED
HEREIN); OR (II) EXECUTIVE VOLUNTARILY TERMINATES HIS EMPLOYMENT WITH THE
COMPANY DUE TO A “GOOD REASON TERMINATION” (AS DEFINED HEREIN); AND
(III) EXECUTIVE SIGNS AND DOES NOT REVOKE A STANDARD RELEASE OF CLAIMS WITH THE
COMPANY, THEN, SUBJECT TO SECTION 9, EXECUTIVE WILL BE ENTITLED TO RECEIVE:

(I)    THE “SEVERANCE PAYMENTS” (AS DEFINED HEREIN);

(II)   ACCELERATED VESTING (INCLUDING, THE LAPSE OF RESTRICTIONS) OF THE
UNVESTED SHARES OF COMMON STOCK SUBJECT TO OUTSTANDING EQUITY AWARDS GRANTED TO
EXECUTIVE BY THE COMPANY

2

--------------------------------------------------------------------------------

THAT VEST BASED ON THE PASSAGE OF TIME AND CONTINUED SERVICE (THE “TIME-BASED
AWARDS”) IN AN AMOUNT EQUAL TO THE GREATER OF (A) THE NUMBER OF SHARES THAT
WOULD HAVE VESTED UNDER SUCH TIME-BASED AWARDS HAD EXECUTIVE REMAINED EMPLOYED
AN ADDITIONAL TWELVE (12) MONTHS FROM THE TERMINATION DATE OR (B) FIFTY PERCENT
(50%) OF THE UNVESTED SHARES OF COMMON STOCK SUBJECT TO THE TIME-BASED AWARDS AS
OF THE DATE OF EXECUTIVE’S TERMINATION OF EMPLOYMENT;

(III)  THE IMMEDIATE VESTING OF FIFTY PERCENT (50%) OF THE UNVESTED SHARES OF
COMMON STOCK SUBJECT TO OUTSTANDING EQUITY AWARDS GRANTED TO EXECUTIVE BY THE
COMPANY THAT VEST BASED ON THE ACHIEVEMENT OF PERFORMANCE OBJECTIVES (THE
“PERFORMANCE-BASED AWARDS” AND, TOGETHER WITH THE TIME-BASED AWARDS, THE
“AWARDS”);

(IV)  ALL SHARES OF COMMON STOCK SUBJECT TO OUTSTANDING STOCK OPTIONS GRANTED TO
EXECUTIVE BY THE COMPANY (THE “OPTIONS”) WHICH ARE VESTED AS OF THE DATE OF
EXECUTIVE’S TERMINATION OF EMPLOYMENT (INCLUDING PURSUANT TO THIS SECTION 6(A))
WILL BE EXERCISABLE FOR A PERIOD OF ONE (1) YEAR FOLLOWING THE DATE OF SUCH
TERMINATION, PROVIDED, HOWEVER, THAT IN NO EVENT WILL THIS PROVISION OPERATE TO
EXTEND AN OPTION BEYOND THE TERM/EXPIRATION DATE OF SUCH OPTION; AND

(V)   REIMBURSEMENT FOR THE COST OF CONTINUED HEALTH PLAN COVERAGE EXECUTIVE
TIMELY ELECTS PURSUANT TO THE CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT OF
1985, AS AMENDED (“COBRA”) AND LIFE INSURANCE COVERAGE FOR EXECUTIVE AND HIS
DEPENDENTS FOR A PERIOD OF TWELVE (12) MONTHS FROM THE DATE OF SUCH TERMINATION
OF EMPLOYMENT.

(B)           VOLUNTARY TERMINATION; TERMINATION FOR CAUSE.  IF EXECUTIVE’S
EMPLOYMENT WITH THE COMPANY TERMINATES VOLUNTARILY BY EXECUTIVE (INCLUDING DEATH
OR DISABILITY) OR FOR CAUSE BY THE COMPANY, THEN (I) ALL VESTING OF ALL OPTIONS
TO PURCHASE THE COMMON STOCK OF THE COMPANY WILL TERMINATE IMMEDIATELY AND ALL
PAYMENTS OF COMPENSATION BY THE COMPANY TO EXECUTIVE HEREUNDER WILL TERMINATE
IMMEDIATELY (EXCEPT AS TO AMOUNTS ALREADY EARNED), AND (II) EXECUTIVE WILL NOT
RECEIVE ANY SEVERANCE BENEFITS OR THE CONTINUATION OF ANY OTHER BENEFITS.

(C)           CHANGE OF CONTROL.

(I)    IF WITHIN TWELVE (12) MONTHS FOLLOWING A “CHANGE OF CONTROL” (AS DEFINED
BELOW) (A) THE COMPANY OR THE SUCCESSOR TERMINATES EXECUTIVE’S EMPLOYMENT WITH
THE COMPANY OR ANY SUCCESSOR FOR OTHER THAN (X) CAUSE, (Y) DEATH OR (Z)
DISABILITY, OR (B) EXECUTIVE TERMINATES HIS EMPLOYMENT WITH THE COMPANY OR A
SUCCESSOR DUE TO A GOOD REASON TERMINATION, AND (C) EXECUTIVE SIGNS AND DOES NOT
REVOKE A STANDARD RELEASE OF CLAIMS WITH THE COMPANY, THEN, IN LIEU OF THE
BENEFITS PURSUANT TO SECTION 6(A) AND SUBJECT TO SECTION 9, EXECUTIVE WILL BE
ENTITLED TO RECEIVE:

(1)           THE SEVERANCE PAYMENTS;

(2)           ACCELERATED VESTING (INCLUDING, THE LAPSE OF RESTRICTIONS) OF THE
UNVESTED SHARES OF COMMON STOCK SUBJECT TO EXECUTIVE’S TIME-BASED AWARDS IN AN
AMOUNT EQUAL TO THE GREATER OF (A) THE NUMBER OF SHARES THAT WOULD HAVE VESTED
UNDER SUCH TIME-BASED AWARDS HAD EXECUTIVE REMAINED EMPLOYED AN ADDITIONAL
TWELVE (12) MONTHS FROM THE TERMINATION DATE OR (B) FIFTY PERCENT (50%) OF THE
UNVESTED SHARES OF COMMON STOCK SUBJECT TO THE TIME-BASED AWARDS AS OF THE DATE
OF EXECUTIVE’S TERMINATION OF EMPLOYMENT;

3

--------------------------------------------------------------------------------

(3)           THE IMMEDIATE VESTING OF FIFTY PERCENT (50%) OF THE UNVESTED
SHARES OF COMMON STOCK SUBJECT TO PERFORMANCE-BASED AWARDS;

(4)           ALL SHARES OF COMMON STOCK SUBJECT TO EXECUTIVE’S OPTIONS WHICH
ARE VESTED AS OF THE DATE OF EXECUTIVE’S TERMINATION OF EMPLOYMENT (INCLUDING
PURSUANT TO THIS SECTION 6(A)) WILL BE EXERCISABLE FOR A PERIOD OF ONE (1) YEAR
FOLLOWING THE DATE OF SUCH TERMINATION, PROVIDED, HOWEVER, THAT IN NO EVENT WILL
THIS PROVISION OPERATE TO EXTEND AN OPTION BEYOND THE TERM/EXPIRATION DATE OF
SUCH OPTION; AND

(5)           REIMBURSEMENT FOR THE COST OF CONTINUED HEALTH PLAN COVERAGE
EXECUTIVE TIMELY ELECTS PURSUANT TO COBRA AND LIFE INSURANCE COVERAGE FOR
EXECUTIVE AND HIS DEPENDENTS FOR A PERIOD OF FIFTEEN (15) MONTHS FROM THE DATE
OF SUCH TERMINATION OF EMPLOYMENT.

(II)   IF IN CONNECTION WITH A CHANGE OF CONTROL EXECUTIVE IS NOT MADE THE CHIEF
EXECUTIVE OFFICER OF THE SUCCESSOR OR DOES NOT REMAIN EMPLOYED AS THE CHIEF
EXECUTIVE OFFICER OF THE COMPANY WHERE THE COMPANY IS THE SURVIVING CORPORATION
IN A CHANGE OF CONTROL, THEN, ANY UNVESTED SHARES OF COMMON STOCK SUBJECT TO THE
OPTIONS WILL FULLY ACCELERATE AND BECOME EXERCISABLE IMMEDIATELY UPON SUCH
CHANGE OF CONTROL (OR, IF LATER, UPON THE DATE IT IS DETERMINED THAT EXECUTIVE
WILL NOT BECOME OR REMAIN THE CHIEF EXECUTIVE OFFICER).  IN ADDITION, ALL SHARES
OF COMMON STOCK SUBJECT TO THE OPTIONS WILL BE EXERCISABLE FOR THAT PERIOD OF
TIME FOLLOWING THE CLOSING DATE OF THE CHANGE OF CONTROL WHICH IS EQUAL TO THE
LONGEST PERIOD OF TIME FOR WHICH ANY SHARES OF COMMON STOCK SUBJECT TO STOCK
OPTIONS GRANTED TO ANY NON-EMPLOYEE DIRECTOR OF THE COMPANY ARE EXERCISABLE
FOLLOWING SUCH CHANGE OF CONTROL (AS DETERMINED AT THE CLOSING DATE OF SUCH
CHANGE OF CONTROL) OR TWELVE (12) MONTHS, WHICHEVER IS GREATER; PROVIDED,
HOWEVER, THAT IN NO EVENT WILL THIS PROVISION OPERATE TO EXTEND AN OPTION BEYOND
THE TERM/EXPIRATION DATE OF SUCH OPTION.

(D)           TIMING OF SEVERANCE PAYMENTS.

(I)    UNLESS OTHERWISE REQUIRED TO BE DELAYED PURSUANT TO SECTION 6(D)(II)
BELOW, THE SEVERANCE PAYMENTS SHALL BE PAID IN EQUAL INSTALLMENTS OVER A PERIOD
OF TWELVE (12) MONTHS FROM THE DATE OF SUCH TERMINATION OF EMPLOYMENT IN
ACCORDANCE WITH THE COMPANY’S NORMAL PAYROLL POLICIES.

(II)   IF EXECUTIVE IS A “SPECIFIED EMPLOYEE” WITHIN THE MEANING OF SECTION 409A
OF THE CODE AND THE FINAL REGULATIONS THEREUNDER (“SECTION 409A”) AT THE TIME OF
EXECUTIVE’S TERMINATION, AND THE SEVERANCE PAYMENTS (AND ANY OTHER BENEFITS
PAYABLE UNDER THIS AGREEMENT WHICH MAY BE CONSIDERED DEFERRED COMPENSATION UNDER
SECTION 409A (THE “DEFERRED COMPENSATION BENEFITS”)) TO BE MADE TO EXECUTIVE
PURSUANT TO THIS AGREEMENT WILL NOT BE PAID IN FULL BY MARCH 15 OF THE YEAR
FOLLOWING THE YEAR IN WHICH EXECUTIVE’S TERMINATION OF EMPLOYMENT OCCURS, THEN
ONLY THAT PORTION OF SUCH SEVERANCE PAYMENTS (AND ANY OTHER BENEFITS WHICH MAY
BE CONSIDERED DEFERRED COMPENSATION UNDER SECTION 409A) WHICH DOES NOT EXCEED
THE “SECTION 409A LIMIT” (AS DEFINED BELOW) MAY BE MADE WITHIN THE FIRST SIX
MONTHS FOLLOWING EXECUTIVE’S TERMINATION OF EMPLOYMENT IN ACCORDANCE WITH THE
PAYMENT SCHEDULE SET FORTH IN SECTION 6(D)(I) ABOVE.  ANY PORTION OF SUCH
SEVERANCE PAYMENTS (AND ANY DEFERRED COMPENSATION BENEFITS) IN EXCESS OF THE
SECTION 409A LIMIT (WHEN THE SEVERANCE PAYMENTS AND ANY SUCH OTHER DEFERRED
COMPENSATION BENEFITS ARE CONSIDERED IN THE AGGREGATE) SHALL ACCRUE AND, TO THE
EXTENT SUCH PORTION OF THE SEVERANCE PAYMENTS (AND ANY DEFERRED COMPENSATION
BENEFITS) WOULD OTHERWISE HAVE BEEN PAYABLE WITHIN THE FIRST SIX (6) MONTHS

4

--------------------------------------------------------------------------------

FOLLOWING EXECUTIVE’S TERMINATION OF EMPLOYMENT PURSUANT TO SECTION 6(D)(I)
ABOVE, WILL BECOME PAYABLE THE DATE THAT IS SIX (6) MONTHS AND ONE (1) DAY
FOLLOWING THE DATE OF EXECUTIVE’S TERMINATION OF EMPLOYMENT.  ALL SUBSEQUENT
SEVERANCE PAYMENTS (AND ANY DEFERRED COMPENSATION BENEFITS), IF ANY, WILL BE
PAYABLE AS PROVIDED IN SECTION 6(D)(I) OF THIS AGREEMENT.  IT IS THE INTENT OF
THIS PROVISION TO COMPLY WITH THE REQUIREMENTS OF SECTION 409A, AND ANY
AMBIGUITIES HEREIN WILL BE INTERPRETED TO SO COMPLY.

7.             DEFINITIONS.

(A)           CAUSE.  FOR PURPOSES OF THIS AGREEMENT, “CAUSE” IS DEFINED AS (I)
EXECUTIVE ENGAGING IN KNOWING AND INTENTIONAL ILLEGAL CONDUCT THAT IS INJURIOUS
TO THE COMPANY; (II) EXECUTIVE’S CONVICTION OF, OR PLEA OF NOLO CONTENDERE TO, A
FELONY; (III) EXECUTIVE’S GROSS MISCONDUCT; OR (IV) EXECUTIVE’S CONTINUED
SUBSTANTIAL VIOLATIONS OF HIS EMPLOYMENT DUTIES AFTER EXECUTIVE HAS RECEIVED A
WRITTEN DEMAND FOR PERFORMANCE FROM THE COMPANY WHICH SPECIFICALLY SETS FORTH
THE FACTUAL BASIS FOR THE COMPANY’S BELIEF THAT EXECUTIVE HAS NOT SUBSTANTIALLY
PERFORMED HIS DUTIES.

(B)           CHANGE OF CONTROL.  FOR PURPOSES OF THIS AGREEMENT, “CHANGE OF
CONTROL” OF THE COMPANY IS DEFINED AS: (I) ANY “PERSON” (AS SUCH TERM IS USED IN
SECTIONS 13(D) AND 14(D) OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED) IS
OR BECOMES THE “BENEFICIAL OWNER” (AS DEFINED IN RULE 13D-3 UNDER SAID ACT),
DIRECTLY OR INDIRECTLY, OF SECURITIES OF THE COMPANY REPRESENTING FIFTY PERCENT
(50%) OR MORE OF THE TOTAL VOTING POWER REPRESENTED BY THE COMPANY’S THEN
OUTSTANDING VOTING SECURITIES; OR (II) A CHANGE IN THE COMPOSITION OF THE BOARD
OCCURRING WITHIN A TWO-YEAR PERIOD, AS A RESULT OF WHICH FEWER THAN A MAJORITY
OF THE DIRECTORS ARE INCUMBENT DIRECTORS.  “INCUMBENT DIRECTORS” WILL MEAN
DIRECTORS WHO EITHER (A) ARE DIRECTORS OF THE COMPANY AS OF THE DATE HEREOF, OR
(B) ARE ELECTED, OR NOMINATED FOR ELECTION, TO THE BOARD WITH THE AFFIRMATIVE
VOTES OF AT LEAST A MAJORITY OF THE INCUMBENT DIRECTORS AT THE TIME OF SUCH
ELECTION OR NOMINATION (BUT WILL NOT INCLUDE AN INDIVIDUAL WHOSE ELECTION OR
NOMINATION IS IN CONNECTION WITH AN ACTUAL OR THREATENED PROXY CONTEST RELATING
TO THE ELECTION OF DIRECTORS TO THE COMPANY); OR (III) THE DATE OF THE
CONSUMMATION OF A MERGER OR CONSOLIDATION OF THE COMPANY WITH ANY OTHER
CORPORATION THAT HAS BEEN APPROVED BY THE SHAREHOLDERS OF THE COMPANY, OTHER
THAN A MERGER OR CONSOLIDATION WHICH WOULD RESULT IN THE VOTING SECURITIES OF
THE COMPANY OUTSTANDING IMMEDIATELY PRIOR THERETO CONTINUING TO REPRESENT
(EITHER BY REMAINING OUTSTANDING OR BY BEING CONVERTED INTO VOTING SECURITIES OF
THE SURVIVING ENTITY) MORE THAN FIFTY PERCENT (50%) OF THE TOTAL VOTING POWER
REPRESENTED BY THE VOTING SECURITIES OF THE COMPANY OR SUCH SURVIVING ENTITY
OUTSTANDING IMMEDIATELY AFTER SUCH MERGER OR CONSOLIDATION, OR THE SHAREHOLDERS
OF THE COMPANY APPROVE A PLAN OF COMPLETE LIQUIDATION OF THE COMPANY; OR
(IV) THE DATE OF THE CONSUMMATION OF  THE SALE OR DISPOSITION BY THE COMPANY OF
ALL OR SUBSTANTIALLY ALL THE COMPANY’S ASSETS.

(C)           DISABILITY.  FOR PURPOSES OF THIS AGREEMENT, “DISABILITY” MEANS
THE INABILITY OF EXECUTIVE, DUE TO A PHYSICAL OR MENTAL IMPAIRMENT, TO PERFORM
THE ESSENTIAL FUNCTIONS OF EXECUTIVE’S POSITION, WITH OR WITHOUT REASONABLE
ACCOMMODATION, FOR A PERIOD OF NINETY (90) DAYS.  WHETHER EXECUTIVE IS DISABLED
WILL BE DETERMINED BY THE COMPANY BASED ON EVIDENCE PROVIDED BY ONE OR MORE
PHYSICIANS SELECTED BY THE COMPANY.

(D)           GOOD REASON TERMINATION.  FOR PURPOSES OF THIS AGREEMENT, “GOOD
REASON TERMINATION” MEANS EXECUTIVE’S TERMINATION OF EMPLOYMENT WITHIN NINETY
(90) DAYS FOLLOWING THE

5

--------------------------------------------------------------------------------

END OF THE CURE PERIOD (AS DEFINED BELOW) AS A RESULT OF THE OCCURRENCE OF ANY
OF THE FOLLOWING WITHOUT THE EXECUTIVE’S CONSENT: (I) A MATERIAL DIMINUTION IN
EXECUTIVE’S BASE SALARY, EXCEPT FOR REDUCTIONS THAT ARE IN PROPORTION TO ANY
SALARY REDUCTION PROGRAM APPROVED BY THE BOARD THAT AFFECTS A MAJORITY OF THE
SENIOR EXECUTIVES OF THE COMPANY; (II) A MATERIAL DIMINUTION IN EXECUTIVE’S
AUTHORITY, DUTIES, OR RESPONSIBILITIES; (III) A MATERIAL DIMINUTION IN THE
AUTHORITY, DUTIES, OR RESPONSIBILITIES OF THE SUPERVISOR TO WHOM EXECUTIVE IS
REQUIRED TO REPORT, INCLUDING A REQUIREMENTS THAT EXECUTIVE REPORT TO A
CORPORATE OFFICER OR EMPLOYEE INSTEAD OF REPORTING DIRECTLY TO THE BOARD; (IV) A
MATERIAL DIMINUTION IN THE BUDGET OVER WHICH EXECUTIVE RETAINS AUTHORITY; (V) A
MATERIAL CHANGE IN THE GEOGRAPHIC LOCATION AT WHICH EXECUTIVE MUST PERFORM HIS
SERVICES OF NOT LESS THAN FIFTY (50) MILES FROM THE COMPANY’S PRIMARY PLACE OF
BUSINESS IMMEDIATELY PRIOR TO SUCH RELOCATION; OR (VI) ANY OTHER ACTION OR
INACTION THAT CONSTITUTES A MATERIAL BREACH BY THE COMPANY OF THIS AGREEMENT;
PROVIDED, HOWEVER, THAT EXECUTIVE MUST PROVIDE WRITTEN NOTICE TO THE BOARD OF
THE CONDITION THAT COULD CONSTITUTE A “GOOD REASON” EVENT WITHIN NINETY (90)
DAYS OF THE INITIAL EXISTENCE OF SUCH CONDITION AND SUCH CONDITION MUST NOT HAVE
BEEN REMEDIED BY THE COMPANY WITHIN THIRTY (30) DAYS (THE “CURE PERIOD”) OF SUCH
WRITTEN NOTICE.

(E)           SECTION 409A LIMIT.  FOR THE PURPOSES OF THIS AGREEMENT, “SECTION
409A LIMIT” MEANS THE LESSER OF TWO (2) TIMES: (I) THE EXECUTIVE’S ANNUALIZED
COMPENSATION BASED UPON THE EXECUTIVE’S ANNUAL RATE OF PAY (UNLESS OTHERWISE
DEFINED BY APPLICABLE GUIDANCE ISSUED BY THE INTERNAL REVENUE SERVICE AFTER THE
DATE OF THIS AGREEMENT, “ANNUAL RATE OF PAY” SHALL INCLUDE BASE SALARY AND BONUS
COMPENSATION) PAID TO EXECUTIVE DURING THE COMPANY’S TAXABLE YEAR PRECEDING THE
COMPANY’S TAXABLE YEAR DURING WHICH SUCH TERMINATION OF EMPLOYMENT OCCURS; OR
(II) THE MAXIMUM AMOUNT THAT MAY BE TAKEN INTO ACCOUNT UNDER A QUALIFIED PLAN
PURSUANT TO SECTION 401(A)(17) FOR THE YEAR IN WHICH THE EXECUTIVE’S EMPLOYMENT
IS TERMINATED.

(F)            SEVERANCE PAYMENTS.  FOR PURPOSES OF THIS AGREEMENT, “SEVERANCE
PAYMENTS” SHALL MEAN PAYMENTS IN CASH, AND LESS ALL APPLICABLE WITHHOLDING
TAXES, EQUAL TO THE SUM OF (I) TWELVE (12) MONTHS OF THE EXECUTIVE’S BASE
SALARY, AS THEN IN EFFECT, FOR ANY TERMINATIONS PURSUANT TO SECTION 6(A), OR
FIFTEEN (15) MONTHS OF THE EXECUTIVE’S BASE SALARY, AS THEN IN EFFECT, FOR ANY
TERMINATIONS PURSUANT TO SECTION 6(C), AND (II) THE TARGET BONUS FOR THE FISCAL
YEAR IN WHICH SUCH TERMINATION OF EMPLOYMENT OCCURS, PRO-RATED TO THE DATE OF
TERMINATION (LESS APPLICABLE WITHHOLDING TAXES).  THE PRO RATA PORTION OF THE
TARGET BONUS WILL BE CALCULATED BY MULTIPLYING THE APPLICABLE YEAR’S TARGET
BONUS BY A FRACTION WITH A NUMERATOR EQUAL TO THE NUMBER OF DAYS INCLUSIVE
BETWEEN THE START OF THE CURRENT CALENDAR YEAR AND THE DATE OF TERMINATION AND A
DENOMINATOR EQUAL TO 365.

(G)           SUCCESSOR.  FOR PURPOSES OF THIS AGREEMENT, “SUCCESSOR” MEANS ANY
PERSON, FIRM, CORPORATION OR OTHER BUSINESS ENTITY WHICH AT ANY TIME, WHETHER BY
PURCHASE, MERGER OR OTHERWISE, DIRECTLY OR INDIRECTLY ACQUIRES ALL OR
SUBSTANTIALLY ALL OF THE ASSETS OR BUSINESS OF THE COMPANY.

8.             CONFIDENTIAL INFORMATION.  EXECUTIVE COVENANTS THAT HE HAS
EXECUTED THE COMPANY’S STANDARD CONFIDENTIAL INFORMATION AND INVENTION
ASSIGNMENT AGREEMENT (THE “CONFIDENTIAL INFORMATION AGREEMENT”) AND SUCH
AGREEMENT IS AND WILL REMAIN IN FULL FORCE AND EFFECT UPON CONTINUING EMPLOYMENT
WITH THE COMPANY AS ITS CHIEF EXECUTIVE OFFICER.  EXECUTIVE FURTHER AGREES TO
SIGN ANY FUTURE AMENDMENTS TO THE CONFIDENTIAL INFORMATION AGREEMENT PROVIDED
THAT SUCH AMENDMENT IS ALSO SIGNED BY A MAJORITY OF THE OFFICERS OF THE COMPANY.

6

--------------------------------------------------------------------------------

9.             CONDITIONAL NATURE OF SEVERANCE PAYMENTS.

(A)           NONCOMPETE.  EXECUTIVE ACKNOWLEDGES THAT THE NATURE OF THE
COMPANY’S BUSINESS IS SUCH THAT IF EXECUTIVE WERE TO BECOME EMPLOYED BY, OR
SUBSTANTIALLY INVOLVED IN, THE BUSINESS OF A COMPETITOR OF THE COMPANY DURING
THE TWELVE (12) MONTHS FOLLOWING THE TERMINATION OF EXECUTIVE’S EMPLOYMENT WITH
THE COMPANY, IT WOULD BE VERY DIFFICULT FOR EXECUTIVE NOT TO RELY ON OR USE THE
COMPANY’S TRADE SECRETS AND CONFIDENTIAL INFORMATION.  THUS, TO AVOID THE
INEVITABLE DISCLOSURE OF THE COMPANY’S TRADE SECRETS AND CONFIDENTIAL
INFORMATION, AND AS A CONDITION OF THE COMPANY’S OBLIGATION TO PAY EXECUTIVE ANY
AMOUNTS OR BENEFITS UNDER THIS SECTION 9, EXECUTIVE AGREES AND ACKNOWLEDGES THAT
EXECUTIVE’S RIGHT TO RECEIVE THE SEVERANCE PAYMENTS SET FORTH IN SECTION 6 (TO
THE EXTENT EXECUTIVE IS OTHERWISE ENTITLED TO SUCH PAYMENTS) WILL BE CONDITIONED
UPON EXECUTIVE NOT DIRECTLY OR INDIRECTLY ENGAGING IN (WHETHER AS AN EMPLOYEE,
CONSULTANT, AGENT, PROPRIETOR, PRINCIPAL, PARTNER, SHAREHOLDER, CORPORATE
OFFICER, DIRECTOR OR OTHERWISE), NOR HAVING ANY OWNERSHIP INTERESTED IN OR
PARTICIPATING IN THE FINANCING, OPERATION, MANAGEMENT OR CONTROL OF, ANY PERSON,
FIRM, CORPORATION OR BUSINESS THAT COMPETES WITH COMPANY OR IS A CUSTOMER OF THE
COMPANY.  UPON ANY BREACH OF THIS SECTION, ALL SEVERANCE PAYMENTS PURSUANT TO
THIS AGREEMENT WILL IMMEDIATELY CEASE.

(B)           NON-SOLICITATION.  UNTIL THE DATE TWELVE (12) MONTHS AFTER THE
TERMINATION OF EXECUTIVE’S EMPLOYMENT WITH THE COMPANY FOR ANY REASON, EXECUTIVE
AGREES AND ACKNOWLEDGES THAT EXECUTIVE’S RIGHT TO RECEIVE THE SEVERANCE PAYMENTS
SET FORTH IN SECTION 6 (TO THE EXTENT EXECUTIVE IS OTHERWISE ENTITLED TO SUCH
PAYMENTS) WILL BE CONDITIONED UPON EXECUTIVE NOT EITHER DIRECTLY OR INDIRECTLY
SOLICITING, INDUCING, ATTEMPTING TO HIRE, RECRUITING, ENCOURAGING, TAKING AWAY,
HIRING ANY EMPLOYEE OF THE COMPANY OR CAUSING AN EMPLOYEE TO LEAVE HIS OR HER
EMPLOYMENT EITHER FOR EXECUTIVE OR FOR ANY OTHER ENTITY OR PERSON.

(C)           CONSEQUENCES OF BREACH OF SECTION 9(A) OR 9(B).  EXECUTIVE AGREES
AND ACKNOWLEDGES THAT UPON ANY BREACH BY EXECUTIVE OF EITHER SECTION 9(A) OR
(B), THE COMPANY WILL HAVE THE RIGHT (I) TO TERMINATE ALL SEVERANCE BENEFITS SET
FORTH IN THIS AGREEMENT; (II) TO SEEK REIMBURSEMENT FROM EXECUTIVE FOR ALL
SEVERANCE PAYMENTS PREVIOUSLY MADE TO EXECUTIVE PURSUANT TO THIS AGREEMENT;
(III) TO RECLAIM OWNERSHIP OF ANY SHARES OF COMMON STOCK OWNED BY EXECUTIVE FOR
WHICH VESTING WAS ACCELERATED PURSUANT TO THIS AGREEMENT; AND (IV) TO
IMMEDIATELY CANCEL ALL OUTSTANDING OPTIONS HELD BY EXECUTIVE.

(D)           UNDERSTANDING OF COVENANTS.  EXECUTIVE REPRESENTS THAT HE (I) IS
FAMILIAR WITH THE FOREGOING COVENANTS NOT TO COMPETE AND NOT TO SOLICIT, AND
(II) IS FULLY AWARE OF HIS OBLIGATIONS HEREUNDER, INCLUDING, WITHOUT LIMITATION,
THE REASONABLENESS OF THE LENGTH OF TIME, SCOPE AND GEOGRAPHIC COVERAGE OF THESE
COVENANTS.

10.           EXCISE TAX.  IN THE EVENT THAT THE BENEFITS PROVIDED FOR IN THIS
AGREEMENT CONSTITUTE “PARACHUTE PAYMENTS” WITHIN THE MEANING OF SECTION 280G OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) AND WILL BE SUBJECT
TO THE EXCISE TAX IMPOSED BY SECTION 4999 OF THE CODE (THE “EXCISE TAX”), THEN
EXECUTIVE’S SEVERANCE BENEFITS PAYABLE UNDER THE TERMS OF THIS AGREEMENT WILL BE
EITHER (A) DELIVERED IN FULL, OR (B) DELIVERED AS TO SUCH LESSER EXTENT WHICH
WOULD RESULT IN NO PORTION OF SUCH SEVERANCE BENEFITS BEING SUBJECT TO THE
EXCISE TAX, WHICHEVER OF THE FOREGOING AMOUNTS, TAKING INTO ACCOUNT THE
APPLICABLE FEDERAL, STATE AND LOCAL INCOME TAXES AND THE EXCISE TAX, RESULTS IN
THE RECEIPT BY EXECUTIVE ON AN AFTER-TAX BASIS, OF THE GREATEST AMOUNT OF
SEVERANCE BENEFITS,

7

--------------------------------------------------------------------------------

NOTWITHSTANDING THAT ALL OR SOME PORTION OF SUCH SEVERANCE BENEFITS MAY BE
TAXABLE UNDER SECTION 4999 OF THE CODE.  UNLESS EXECUTIVE AND THE COMPANY AGREE
OTHERWISE IN WRITING, THE DETERMINATION OF EXECUTIVE’S EXCISE TAX LIABILITY, IF
ANY, AND THE AMOUNT, IF ANY, REQUIRED TO BE PAID UNDER THIS SECTION 10 WILL BE
MADE IN WRITING BY THE INDEPENDENT AUDITORS WHO ARE PRIMARILY USED BY THE
COMPANY IMMEDIATELY PRIOR TO THE CHANGE OF CONTROL (THE “ACCOUNTANTS”).  FOR
PURPOSES OF MAKING THE CALCULATIONS REQUIRED BY THIS SECTION 10, THE ACCOUNTANTS
MAY MAKE REASONABLE ASSUMPTIONS AND APPROXIMATIONS CONCERNING APPLICABLE TAXES
AND MAY RELY ON REASONABLE, GOOD FAITH INTERPRETATIONS CONCERNING THE
APPLICATION OF SECTIONS 280G AND 4999 OF THE CODE.  EXECUTIVE AND THE COMPANY
AGREE TO FURNISH SUCH INFORMATION AND DOCUMENTS AS THE ACCOUNTANTS MAY
REASONABLY REQUEST IN ORDER TO MAKE A DETERMINATION UNDER THIS SECTION 10.  THE
COMPANY WILL BEAR ALL COSTS THE ACCOUNTANTS MAY INCUR IN CONNECTION WITH ANY
CALCULATIONS CONTEMPLATED BY THIS SECTION 10.

11.           ASSIGNMENT.  THIS AGREEMENT WILL BE BINDING UPON AND INURE TO THE
BENEFIT OF (A) THE HEIRS, EXECUTORS AND LEGAL REPRESENTATIVES OF EXECUTIVE UPON
EXECUTIVE’S DEATH AND (B) ANY SUCCESSOR OF THE COMPANY.  ANY SUCCESSOR OF THE
COMPANY WILL BE DEEMED SUBSTITUTED FOR THE COMPANY UNDER THE TERMS OF THIS
AGREEMENT FOR ALL PURPOSES.  NONE OF THE RIGHTS OF EXECUTIVE TO RECEIVE ANY FORM
OF COMPENSATION PAYABLE PURSUANT TO THIS AGREEMENT MAY BE ASSIGNED OR
TRANSFERRED EXCEPT BY WILL OR THE LAWS OF DESCENT AND DISTRIBUTION.  ANY OTHER
ATTEMPTED ASSIGNMENT, TRANSFER, CONVEYANCE OR OTHER DISPOSITION OF EXECUTIVE’S
RIGHT TO COMPENSATION OR OTHER BENEFITS WILL BE NULL AND VOID.

12.           NOTICES.  ALL NOTICES, REQUESTS, DEMANDS AND OTHER COMMUNICATIONS
CALLED FOR HEREUNDER WILL BE IN WRITING AND WILL BE DEEMED GIVEN (A) ON THE DATE
OF DELIVERY IF DELIVERED PERSONALLY; (B) ONE (1) DAY AFTER BEING SENT BY A WELL
ESTABLISHED COMMERCIAL OVERNIGHT SERVICE; OR (C) FOUR (4) DAYS AFTER BEING
MAILED BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, PREPAID AND
ADDRESSED TO THE PARTIES OR THEIR SUCCESSORS AT THE FOLLOWING ADDRESSES, OR AT
SUCH OTHER ADDRESSES AS THE PARTIES MAY LATER DESIGNATE IN WRITING:

If to the Company:

Catalyst Semiconductor, Inc.
2975 Stender Way
Santa Clara, CA  95959-3214
Attn:  Chairman of the Board of Directors

If to Executive:

at the last residential address known by the Company.

13.           SEVERABILITY.  IN THE EVENT THAT ANY PROVISION HEREOF BECOMES OR
IS DECLARED BY A COURT OF COMPETENT JURISDICTION TO BE ILLEGAL, UNENFORCEABLE OR
VOID, THIS AGREEMENT WILL CONTINUE IN FULL FORCE AND EFFECT WITHOUT SAID
PROVISION.

14.           ARBITRATION.

(A)           GENERAL.  IN CONSIDERATION OF EXECUTIVE’S SERVICE TO THE COMPANY,
ITS PROMISE TO ARBITRATE ALL EMPLOYMENT RELATED DISPUTES AND EXECUTIVE’S RECEIPT
OF THE COMPENSATION, PAY RAISES AND OTHER BENEFITS PAID TO EXECUTIVE BY THE
COMPANY, AT PRESENT AND IN THE FUTURE, EXECUTIVE AGREES

8

--------------------------------------------------------------------------------

THAT ANY AND ALL CONTROVERSIES, CLAIMS, OR DISPUTES WITH ANYONE (INCLUDING THE
COMPANY AND ANY EMPLOYEE, OFFICER, DIRECTOR, SHAREHOLDER OR BENEFIT PLAN OF THE
COMPANY IN THEIR CAPACITY AS SUCH OR OTHERWISE) ARISING OUT OF, RELATING TO, OR
RESULTING FROM EXECUTIVE’S SERVICE TO THE COMPANY UNDER THIS AGREEMENT OR
OTHERWISE OR THE TERMINATION OF EXECUTIVE’S SERVICE WITH THE COMPANY, INCLUDING
ANY BREACH OF THIS AGREEMENT, WILL BE SUBJECT TO BINDING ARBITRATION UNDER THE
ARBITRATION RULES SET FORTH IN CALIFORNIA CODE OF CIVIL PROCEDURE SECTION 1280
THROUGH 1294.2, INCLUDING SECTION 1283.05 (THE “RULES”) AND PURSUANT TO
CALIFORNIA LAW. DISPUTES WHICH EXECUTIVE AGREES TO ARBITRATE, AND THEREBY AGREES
TO WAIVE ANY RIGHT TO A TRIAL BY JURY, INCLUDE ANY STATUTORY CLAIMS UNDER STATE
OR FEDERAL LAW, INCLUDING, BUT NOT LIMITED TO, CLAIMS UNDER TITLE VII OF THE
CIVIL RIGHTS ACT OF 1964, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE AGE
DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE OLDER WORKERS BENEFIT PROTECTION
ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT, THE CALIFORNIA FAIR
EMPLOYMENT AND HOUSING ACT, THE FAMILY AND MEDICAL LEAVE ACT, THE CALIFORNIA
FAMILY RIGHTS ACT, THE CALIFORNIA LABOR CODE, CLAIMS OF HARASSMENT,
DISCRIMINATION OR WRONGFUL TERMINATION AND ANY STATUTORY CLAIMS. EXECUTIVE
FURTHER UNDERSTANDS THAT THIS AGREEMENT TO ARBITRATE ALSO APPLIES TO ANY
DISPUTES THAT THE COMPANY MAY HAVE WITH EXECUTIVE.

(B)           PROCEDURE.  EXECUTIVE AGREES THAT ANY ARBITRATION WILL BE
ADMINISTERED BY JUDICIAL ARBITRATION & MEDIATION SERVICES, INC. (“JAMS”) AND
THAT A NEUTRAL ARBITRATOR WILL BE SELECTED IN A MANNER CONSISTENT WITH ITS
EMPLOYMENT ARBITRATION RULES & PROCEDURES (THE “JAMS RULES”).  THE ARBITRATION
PROCEEDINGS WILL ALLOW FOR DISCOVERY ACCORDING TO THE RULES SET FORTH IN THE
JAMS RULES OR CALIFORNIA CODE OF CIVIL PROCEDURE.  EXECUTIVE AGREES THAT THE
ARBITRATOR WILL HAVE THE POWER TO DECIDE ANY MOTIONS BROUGHT BY ANY PARTY TO THE
ARBITRATION, INCLUDING MOTIONS FOR SUMMARY JUDGMENT AND/OR ADJUDICATION AND
MOTIONS TO DISMISS AND DEMURRERS, PRIOR TO ANY ARBITRATION HEARING.  EXECUTIVE
AGREES THAT THE ARBITRATOR WILL ISSUE A WRITTEN DECISION ON THE MERITS. 
EXECUTIVE ALSO AGREES THAT THE ARBITRATOR WILL HAVE THE POWER TO AWARD ANY
REMEDIES, INCLUDING ATTORNEYS’ FEES AND COSTS, AVAILABLE UNDER APPLICABLE LAW. 
EXECUTIVE AND THE COMPANY AGREE THAT THE COMPANY WILL PAY FOR ANY ADMINISTRATIVE
OR HEARING FEES CHARGED BY THE ARBITRATOR OR JAMS EXCEPT THAT EXECUTIVE WILL PAY
ANY FILING FEES ASSOCIATED WITH ANY ARBITRATION THAT EXECUTIVE INITIATES, BUT
ONLY SO MUCH OF THE FILING FEES AS EXECUTIVE WOULD HAVE INSTEAD PAID HAD
EXECUTIVE FILED A COMPLAINT IN A COURT OF LAW.  EXECUTIVE AGREES THAT THE
ARBITRATOR WILL ADMINISTER AND CONDUCT ANY ARBITRATION IN A MANNER CONSISTENT
WITH THE RULES AND THAT TO THE EXTENT THAT THE JAMS RULES CONFLICT WITH THE
RULES, THE RULES WILL TAKE PRECEDENCE.  THE COMPANY AND EXECUTIVE AGREE THAT THE
ARBITRATION PROCEEDINGS WILL TAKE PLACE IN SAN JOSE, CALIFORNIA.

(C)           REMEDY.  EXCEPT AS PROVIDED BY THE RULES, ARBITRATION WILL BE THE
SOLE, EXCLUSIVE AND FINAL REMEDY FOR ANY DISPUTE BETWEEN EXECUTIVE AND THE
COMPANY.  ACCORDINGLY, EXCEPT AS PROVIDED FOR BY THE RULES, NEITHER EXECUTIVE
NOR THE COMPANY WILL BE PERMITTED TO PURSUE COURT ACTION REGARDING CLAIMS THAT
ARE SUBJECT TO ARBITRATION.  NOTWITHSTANDING, THE ARBITRATOR WILL NOT HAVE THE
AUTHORITY TO DISREGARD OR REFUSE TO ENFORCE ANY LAWFUL COMPANY POLICY, AND THE
ARBITRATOR WILL NOT ORDER OR REQUIRE THE COMPANY TO ADOPT A POLICY NOT OTHERWISE
REQUIRED BY LAW WHICH THE COMPANY HAS NOT ADOPTED.

(D)           AVAILABILITY OF INJUNCTIVE RELIEF.  IN ADDITION TO THE RIGHT UNDER
THE RULES TO PETITION THE COURT FOR PROVISIONAL RELIEF, EXECUTIVE AGREES THAT
ANY PARTY MAY ALSO PETITION THE COURT FOR INJUNCTIVE RELIEF WHERE EITHER PARTY
ALLEGES OR CLAIMS A VIOLATION OF THIS AGREEMENT OR THE CONFIDENTIALITY AGREEMENT
OR ANY OTHER AGREEMENT REGARDING TRADE SECRETS, CONFIDENTIAL INFORMATION,

9

--------------------------------------------------------------------------------

NONSOLICITATION OR LABOR CODE §2870.  IN THE EVENT EITHER PARTY SEEKS INJUNCTIVE
RELIEF, THE PREVAILING PARTY WILL BE ENTITLED TO RECOVER REASONABLE COSTS AND
ATTORNEYS FEES.

(E)           ADMINISTRATIVE RELIEF.  EXECUTIVE UNDERSTANDS THAT THIS AGREEMENT
DOES NOT PROHIBIT EXECUTIVE FROM PURSUING AN ADMINISTRATIVE CLAIM WITH A LOCAL,
STATE OR FEDERAL ADMINISTRATIVE BODY SUCH AS THE DEPARTMENT OF FAIR EMPLOYMENT
AND HOUSING, THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION OR THE WORKERS’
COMPENSATION BOARD.  THIS AGREEMENT DOES, HOWEVER, PRECLUDE EXECUTIVE FROM
PURSUING COURT ACTION REGARDING ANY SUCH CLAIM.

(F)            VOLUNTARY NATURE OF AGREEMENT.  EXECUTIVE ACKNOWLEDGES AND AGREES
THAT EXECUTIVE IS EXECUTING THIS AGREEMENT VOLUNTARILY AND WITHOUT ANY DURESS OR
UNDUE INFLUENCE BY THE COMPANY OR ANYONE ELSE.  EXECUTIVE FURTHER ACKNOWLEDGES
AND AGREES THAT EXECUTIVE HAS CAREFULLY READ THIS AGREEMENT AND THAT EXECUTIVE
HAS ASKED ANY QUESTIONS NEEDED FOR EXECUTIVE TO UNDERSTAND THE TERMS,
CONSEQUENCES AND BINDING EFFECT OF THIS AGREEMENT AND FULLY UNDERSTAND IT,
INCLUDING THAT EXECUTIVE IS WAIVING EXECUTIVE’S RIGHT TO A JURY TRIAL.  FINALLY,
EXECUTIVE AGREES THAT EXECUTIVE HAS BEEN PROVIDED AN OPPORTUNITY TO SEEK THE
ADVICE OF AN ATTORNEY OF EXECUTIVE’S CHOICE BEFORE SIGNING THIS AGREEMENT.

15.           INTEGRATION.  THIS AGREEMENT, TOGETHER WITH THE COMPANY’S STOCK
OPTION PLAN, ANY STOCK OPTION AGREEMENTS AND THE CONFIDENTIAL INFORMATION
AGREEMENT REPRESENTS THE ENTIRE AGREEMENT AND UNDERSTANDING BETWEEN THE PARTIES
AS TO THE SUBJECT MATTER HEREIN AND SUPERSEDES ALL PRIOR OR CONTEMPORANEOUS
AGREEMENTS WHETHER WRITTEN OR ORAL, INCLUDING, BUT NOT LIMITED TO, THE
EMPLOYMENT AGREEMENT ENTERED INTO BETWEEN THE COMPANY AND EXECUTIVE AS OF MAY
23, 2003.  NO WAIVER, ALTERATION, OR MODIFICATION OF ANY OF THE PROVISIONS OF
THIS AGREEMENT WILL BE BINDING UNLESS IN WRITING AND SIGNED BY DULY AUTHORIZED
REPRESENTATIVES OF THE PARTIES HERETO.

16.           TAX WITHHOLDING.  ALL PAYMENTS MADE PURSUANT TO THIS AGREEMENT
WILL BE SUBJECT TO WITHHOLDING OF APPLICABLE TAXES.

17.           GOVERNING LAW.  THIS AGREEMENT WILL BE GOVERNED BY THE LAWS OF THE
STATE OF CALIFORNIA (WITH THE EXCEPTION OF ITS CONFLICT OF LAWS PROVISIONS).

18.           ACKNOWLEDGMENT.  EXECUTIVE ACKNOWLEDGES THAT HE HAS HAD THE
OPPORTUNITY TO DISCUSS THIS MATTER WITH AND OBTAIN ADVICE FROM HIS PRIVATE
ATTORNEY, HAS HAD SUFFICIENT TIME TO, AND HAS CAREFULLY READ AND FULLY
UNDERSTANDS ALL THE PROVISIONS OF THIS AGREEMENT, AND IS KNOWINGLY AND
VOLUNTARILY ENTERING INTO THIS AGREEMENT.

10

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case
of the Company by their duly authorized officers, as of the day and year first
above written.

COMPANY:

CATALYST SEMICONDUCTOR, INC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Garrett Garrettson

 

Date:

May 12, 2007

 

 

 

Garrett A. Garrettson

 

 

 

 

 

 

Chairman of the Compensation Committee of the Board of Directors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXECUTIVE:

 

 

 

 

 

 

 

 

/s/ Gelu Voicu

 

Date:

May 14, 2007

 

 

 

Gelu Voicu

 

 

 

 

 

 

11

--------------------------------------------------------------------------------