Form of Restricted Stock Unit Agreement for U.K. Employees



 Exhibit 4.7 
 FORM OF RESTRICTED STOCK UNIT AGREEMENT FOR U.K. EMPLOYEES 
 THIS RESTRICTED STOCK UNIT AGREEMENT
(this “Agreement”) is made as of this ___ day of ___, 2008, by and between Virage Logic Corporation, a Delaware corporation (the “Company”), and ___________________
(“Participant”). Capitalized terms used, but not otherwise defined, in this Agreement shall have the meanings assigned to those terms in the 2002 Equity Incentive Plan of Virage Logic Corporation, as amended (the
“Plan”). 
 1. Grant of RSUs. Subject to the terms, conditions and restrictions set forth in the Plan and to
the terms of this Agreement, the Company hereby grants to Participant the right to purchase _________ (_____) Restricted Stock Units (each, an “RSU”) at the price of $0.001 per RSU (the “Purchase
Price”). If approved by the Board at the time of grant, the Purchase Price may be paid in the form of past services provided by Participant to the Company. 
 2. Date of Grant. The effective date of the grant of the RSUs is June 30, 2008 (“Date of Grant”). 
 3. Vesting of RSUs. Fifty percent (50%) of the RSUs (rounded down to the nearest whole RSU) shall vest on the first anniversary of the Date of Grant, and an additional fifty percent (50%) of the RSUs
(rounded up to the nearest whole RSU) shall vest on the second anniversary of the Date of Grant (each such anniversary date, a “Vesting Date”), provided that Participant remains in the continuous employ of the Company or any
subsidiary thereof as of each such Vesting Date. 
 4. Transfer of RSUs. Provided that Participant satisfies the vesting conditions
set forth in Section 3 as of each Vesting Date, (a) if applicable, Participant shall be deemed to have paid the Purchase Price for each RSU that vests on such date through past services provided to the Company and (b) the Company
shall transfer to Participant one (1) unrestricted Share for each RSU that vests on such date. Any transfer of Shares pursuant to this Section 4 shall be made as soon as administratively practicable following the applicable Vesting Date.

 5. No Ownership Rights or Dividend Equivalents. Participant shall have no rights of ownership in vested or unvested RSUs or the
Shares underlying such RSUs. Participant shall not be entitled to receive a cash payment with respect to any dividends or distributions that become payable with respect to Shares underlying any vested or unvested RSUs. 
 6. Other Conditions. The transfer of any Share underlying an RSU shall be effective only at such time as counsel to the Company shall have
determined that the issuance and delivery of such Share is in compliance with all applicable laws, any regulations of governmental authorities and the requirements of any securities exchange on which the Shares are traded. 
 7. Tax Withholding. Participant shall be liable for any and all taxes and contributions of any kind required by law to be withheld in connection
with the vesting of the RSUs and transfer of any Shares hereunder, including without limitation United Kingdom income tax and primary class 1 (employee’s) national insurance contributions. Participant shall also be liable for (and hereby
accepts liability for) United Kingdom secondary class 1 (employer’s) national insurance 








 
contributions payable by Participant’s employer (and for the purposes of this Agreement and the Plan, references to tax withholding shall be read and
construed as including Participant’s liability for such secondary class 1 (employer’s) national insurance contributions). Participant hereby agrees that any such obligations shall be satisfied through a reduction in the number of Shares
that otherwise would be transferred to Participant hereunder, provided that the Company shall withhold the minimum number of Shares (rounded up to the nearest whole Share) required to satisfy such obligation. For purposes of the foregoing, Shares
withheld on the date of transfer shall be valued at the Fair Market Value of Shares on such date. 
 8. Employment Rights. This
Agreement shall not confer upon Participant any right with respect to the continuance of employment with the Company or any subsidiary thereof. No provision of this Agreement shall limit in any way whatsoever any right that the Company or any
subsidiary thereof has to terminate Participant’s employment at any time and Participant shall not be entitled on leaving such employment to compensation for the loss of any right or benefit under this Agreement whether by way of damages for
wrongful dismissal, breach of contract or for any other reason whatsoever. 
 9. Communications. All notices, requests, instructions
and other communications provided for herein shall be deemed to have been properly given or delivered when delivered personally or sent by certified or registered mail, return receipt requested, U.S. mail or national overnight carrier, with full
postage prepaid and addressed to the applicable party as follows: 
  

			
	If to the Company, at:	  	Virage Logic Corporation
		  	47100 Bayside Parkway
		  	Fremont, California 94538
		  	Attention: Human Resources
		  	Facsimile: (510) 360-8099
		
	If to Participant, at:	  	Participant’s address as set forth on the last page hereof.

 Either the Company or Participant may change the above designated address by written notice to the other
specifying such new address. 
 10. Relation to the Plan. This Agreement is subject to the terms and conditions of the Plan. In the
event of any inconsistent provisions between this Agreement and the Plan, the Plan shall govern. The Administrator acting pursuant to the Plan shall have the right to determine any questions that arise in connection with this Agreement and the RSUs
granted hereunder. The Administrator shall not be liable for any such determination made in good faith. 
 11. Accelerated Vesting.
Notwithstanding anything to the contrary in this Agreement, in the event of Participant’s termination of employment by reason of death or disability, or in the case of unforeseeable emergency or other special circumstances, the Administrator
may, in its sole discretion, accelerate the vesting of any or all of Participant’s unvested RSUs. The Shares underlying any RSUs that vest pursuant to this Section 11 shall be transferred to Participant or Participant’s estate, as
applicable, as soon as administratively practicable following the date upon which such RSUs vest and the Purchase Price for each such RSU shall be deemed to have been paid through Participant’s past services to the Company. 
  

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 12. Amendments. Any amendment to the Plan shall be deemed to be an amendment to this Agreement to
the extent that the Plan amendment is applicable hereto; provided, however, that no amendment shall adversely affect the rights of Participant under this Agreement without Participant’s consent unless the Plan provides express authority
to effectuate such amendment without Participant’s consent. 
 13. Governing Law. This Agreement shall be governed and construed
and the legal relationships of the parties determined in accordance with the laws of the state of Delaware without reference to principles of conflict of laws. 
 14. Counterparts. This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one agreement. 
 15. Section 409A. To the extent applicable, it is intended that this Agreement and the Plan comply with the provisions of Section 409A,
so that the income inclusion provisions of Section 409A(a)(1) do not apply to Participant. This Agreement and the Plan shall be administered in a manner consistent with this intent. 
 16. Information. Information about Participant may be collected, recorded and held, used and disclosed in electronic or other form for the
exclusive purpose of implementing, administering and managing Participant’s participation in the Plan. Participant understands that such processing of this information may need to be carried out by the Company and any subsidiary thereof and by
third party administrators, whether such persons are located within the Participant’s country or elsewhere, including outside the European Economic Area. Participant consents to the processing of information relating to the Participant and
Participant’s participation in the Plan in any one or more of the ways referred to above. 
 IN WITNESS WHEREOF, this Agreement is
executed by a duly authorized representative of the Company on the day and year first above written. 
  

			
	VIRAGE LOGIC CORPORATION
		
	By:	 	 
	Name:	 	 
	Title:	 	 


  

							
	Participant hereby accepts the terms of this Agreement and the Plan.	 		 	
				
	 	 		 		 	
			
	Participant: Please complete the following information:	 		 	
				
	Name:	 		 	 	 	
				
	 Home Address:
	 		 	 	 	
		 		 	 	 	
		 		 	 	 	
	National Insurance Number:	 		 	 	 	

  

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