EX-4.6






					
	                 
	 	



	  	EXHIBIT 4.6

 2020 EQUITY INCENTIVE PLAN 
  

			
	 FIRST_NAME LAST_NAME
	  	
		
	     ADDRESS_LINE_1
	  	
		
	     ADDRESS_LINE_2
	  	
		
	     ADDRESS_LINE_3
	  	
		
	     CITY, STATE ZIP CODE
	  	

 Dear FIRST_NAME LAST_NAME, 

NOTICE OF RSU GRANT (PERFORMANCE-BASED) 

Congratulations. We, Intevac, Inc. (the “Company”), pursuant to our 2020 Equity Incentive Plan (the “Plan”), hereby grants
you an award (the “award”) of restricted stock units (the “RSUs”) to receive the number of Shares as set forth below. Unless otherwise stated, all capitalized terms within this Restricted Stock Unit Agreement (the
“Agreement”), which includes this Notice of RSU Grant (Performance-Based) (the “Notice of Grant”) and the Terms and Conditions of Restricted Stock Unit Grant – Performance-Based, shall be interpreted as defined in the Plan.
The following documents are linked to this notification and are also available on the Intevac Portal under the Stock Plans page: 
  

	•	 	 Terms and Conditions of Restricted Stock Unit Grant – Performance-Based 



	•	 	 2020 Equity Incentive Plan 



	•	 	 2020 Equity Incentive Plan Prospectus 



By accepting this Notice of Grant, you are agreeing to the electronic availability of the documents disclosed above. If you need a hard copy
of any of the documents, please contact Janice Smith or myself, and one will be provided to you at no charge. 
  

			
	 Name of Award Grantee:
	  	  

		
	 Grantee Employee ID Number:
	  	  

		
	 Award Number:
	  	  

		
	 Date of Award Grant:
	  	  

		
	 Vesting Commencement Date:
	  	  

		
	 Total Number of Shares:
	  	  


 Vesting Schedule: 

The RSUs will vest in accordance with the following schedule: 

General 
 The number of RSUs
subject to the award that will become eligible for vesting as set forth below will depend upon the Company’s Stock Price Growth (as defined below) as compared to the Peer Group Stock Price Growth (as defined below) (the “SPG Goal”) as
measured at the end of each applicable Performance Period (as defined below) and will be determined in accordance with this Agreement. The determination as to the achievement of the SPG Goal will be made in the sole discretion of the Compensation
Committee of the Board (the “Compensation Committee”) within sixty (60) days following the applicable Period End Date (as defined below), but in all cases prior to the consummation of a Change in Control (as such term is defined in
the Plan) that occurs following such Period End Date but within sixty (60) days following such Period End Date (the date the Compensation Committee makes such determination, the “Performance Assessment Date”). 

Subject to the terms of the Plan, any offer letter, severance agreement, bonus agreement, transition agreement or other agreement between you
and the Company or any subsidiary or affiliate of the Company, the provisions of this paragraph apply: In order to vest in any RSUs on an applicable Performance Assessment Date, you must remain a Service Provider through the Period End Date of the
Performance Period to which such Performance Assessment Date relates. In the event you cease to be a Service Provider for any or no reason before the Period End Date of the applicable Performance Period, all of your unvested RSUs related to such
Performance Period and any future Performance Periods and your right to acquire any Shares thereunder will immediately terminate and be forfeited for no consideration and you will have no further rights with respect to such RSUs. In the event you
cease to be a Service Provider for any or no reason on or after the Period End Date of an applicable Performance Period, but before the Performance Assessment Date related to such completed Performance Period, the RSUs that may vest on such
Performance Assessment Date pursuant to this Agreement will remain outstanding and available for vesting on such Performance Assessment Date (and will immediately terminate for no consideration if not vested on such date), while all other unvested
RSUs and your right to acquire any Shares thereunder will immediately terminate and be forfeited for no consideration and you will have no further rights with respect to such RSUs. 












 Performance Periods 

There will be four (4) separate performance periods (each, a “Performance Period” and together, the “Performance
Periods” and the date each applicable Performance Period ends, the “Period End Date”). The first Performance Period (“Performance Period 1”) will begin on the Date of Award Grant and the Period End Date for Performance
Period 1 will be the one (1) year anniversary of the Date of Award Grant. The second Performance Period (“Performance Period 2”) will begin on the one (1) year anniversary of the Date of Award Grant and the Period End Date for
Performance Period 2 will be the two (2) year anniversary of the Date of Award Grant. The third Performance Period (“Performance Period 3”) will begin on the two (2) year anniversary of the Date of Award Grant and the Period End
Date for Performance Period 3 will be the three (3) year anniversary of the Date of Award Grant. The fourth Performance Period (“Performance Period 4”) will begin on the three (3) year anniversary of the Date of Award Grant and
the Period End Date for Performance Period 4 will be the four (4) year anniversary of the Date of Award Grant. 
 Performance Matrix 

The number of RSUs subject to the award that will vest on an applicable Performance Assessment Date will be determined by the Compensation
Committee in its sole discretion on each Performance Assessment Date based upon the Company’s Stock Price Growth as compared to the Peer Group Stock Price Growth calculated as of the applicable Period End Date as described herein. Any portion
of the RSUs subject to the award that could have vested on a Performance Assessment Date had performance been achieved but that are not determined to have vested on such Performance Assessment Date will immediately and automatically terminate and be
cancelled and you will never vest in and will have no further rights with respect to such RSUs. Please see “Performance Targets” below for a further description/example. 

The “Company’s Stock Price Growth” means the percentage increase or decrease in (A) the average adjusted closing price per
Share of the Company’s Common Stock during the twenty (20) trading day period ending on (and including) the applicable Period End Date as compared to (B) the average adjusted closing price per Share of the Company’s Common Stock
during the twenty (20) trading day period ending on (and including) the commencement date of the applicable Performance Period, ignoring any adjustments for regularly occurring dividends. For the avoidance of doubt, to account for any
significant capitalization events, the Company’s Stock Price Growth will be adjusted to reflect any stock splits, special dividends, adjustments, or similar corporate transactions as determined by the Administrator. 

On each Performance Assessment Date, the percentage increase or decrease in (A) the average adjusted closing price per share of each Peer
Group Company (as defined below) during the twenty (20) trading day period ending on (and including) the applicable Period End Date as compared to (B) the average adjusted closing price per share of the Peer Group Company during the twenty
(20) trading day period ending on (and including) the commencement date of the applicable Performance Period, ignoring any adjustments for regularly occurring dividends but, for the avoidance of doubt, adjusted to reflect any stock splits,
special dividends, adjustments, or similar corporate transactions as determined by the Administrator. Following such determination, all Peer Group Companies will be listed in order (from highest to lowest) based on their percentage increase or
decrease in stock price growth. The first and last (by order) Peer Group Company on such list will be removed (the remaining companies, the “Ordered Peer Group”). The “Peer Group Stock Price Growth” will mean the average
percentage increase or decrease in the stock price growth of the Ordered Peer Group. 
 “Peer Group Company” and together
“Peer Group Companies” means those “Peer Companies” listed in the Company’s “Compensation Discussion and Analysis” section in the proxy statement most recently filed prior to the commencement date of the applicable
Performance Period. 
 The following will govern changes to the Peer Group Companies during the applicable Performance Period: 

 

	 	1.	 If a Peer Group Company is acquired or merges with another company, and the acquiring or merged company (the
“successor company”) is not a Peer Group Company, then the performance (total stockholder return) for the acquired company will be calculated through the date of the first public announcement of the proposed transaction and that value
would then be used for purposes of ranking that company’s performance at the end of the applicable Performance Period; however, if the successor company is a Peer Group Company, the successor company will remain as a Peer Group Company with the
old company being removed entirely from list of Peer Group Companies. 


  

	 	2.	 If a Peer Group Company stops trading publicly due to being delisted or goes bankrupt, the company will
remain in the list of Peer Group Companies with a stock price growth of “-100%”. 


  

	 	3.	 If a Peer Group Company spins off a subsidiary, the spin-off company will not be included in the list of
Peer Group Companies, but the continuing (parent) company shall remain in the Peer Group Companies with the stock price growth adjusted for the spin-off. 



On each Performance Assessment Date, the Company’s Stock Price Growth for the applicable Performance Period will be compared against the
Peer Group Stock Price Growth for the applicable Performance Period (each expressed as a growth rate percentage) to result in a growth rate (the “Growth Rate Delta”) for the Performance Period equal to the Company’s Stock Price Growth
minus the Peer Group Stock Price Growth, both for the applicable Performance Period. A new Growth Rate Delta will be calculated for each Performance Period on the related Performance Assessment Date. 












 Performance Targets 

The number of RSUs that will vest on a Performance Assessment Date for the applicable (i.e., the last completed) Performance Period (provided
you had remained a Service Provider through the related Period End Date) will be determined on such Performance Assessment Date as follows: 
  

			
	 	 
	Growth Rate Delta	  	
Percentage of Total Number of

RSUs that Become Eligible to Vest*

	 	 
	30%	  	25%
	 	 
	<0%	  	0%

 For purposes of clarity and by way of example: On each Performance Assessment Date, 25% of the total number of
RSUs originally subject to the award (and no more) will vest upon achievement of a Growth Rate Delta greater than or equal to 0%, subject to you having remained a Service Provider through the related Period End Date. If, on a Performance Assessment
Date, the Growth Rate Delta is less than 0%, no portion of the RSUs will vest on such Performance Assessment Date and 25% of the total number of RSUs originally subject to the award and your right to acquire any Shares thereunder will immediately
terminate. 
 * Any partial Shares will be rounded down to the nearest whole Share and any fractional Shares will be forfeited for no
consideration. 
 In the event you cease to be a Service Provider for any or no reason before you vest in the RSUs, the RSUs and your right
to acquire any Shares hereunder will immediately terminate. 
 You acknowledge and agree that by accepting this Notice of Grant, it will act
as your electronic signature to this Agreement and indicate your agreement and understanding that this award of RSUs is subject to all of the terms and conditions contained in the Plan and this Agreement. 

You should retain a copy of your Agreement. You may obtain a paper copy at any time for no charge by contacting Janice Smith or Jeff Calvello.
If you would prefer not to electronically sign this Agreement, you may accept this Agreement by signing a paper copy of the Agreement and delivering it to Janice Smith or Jeff Calvello. 

If you have any questions, please contact me at extension 2570 or stop by my office. 

	
	
	   /s/ JEFFREY CALVELLO

	Jeffrey Calvello, Corporate Controller

  












 TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT GRANT (PERFORMANCE-BASED) 

1. Grant. The Company hereby grants to the individual (the “Participant”) named in the Notice
of RSU Grant (the “Notice of Grant”) under the Intevac, Inc. 2020 Equity Incentive Plan (the “Plan”) an Award of Restricted Stock Units, subject to all of the terms and conditions in this Agreement and
the Plan, which is incorporated herein by reference. Subject to Section 19 of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan
will prevail. Unless otherwise defined herein, the terms defined in the Plan will have the same defined meanings in this Restricted Stock Unit Agreement (the “Agreement” or “Award Agreement”), which
includes the Notice of Grant and Terms and Conditions of Restricted Stock Unit Grant (Performance-Based). 
 2.
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4,
Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation of the Company, payable (if at all) only
from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event of Participant’s death, to his or her properly designated beneficiary or estate) in
whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions of Section 4, such vested Restricted Stock Units will be paid in whole Shares as soon as
practicable after the Performance Assessment Date or other date with respect to which such Restricted Stock Units vests, but in each such case within sixty-five (65) days following the end of the Performance Period with respect to which it
vests or, if earlier, within sixty-five (65) days from when the applicable Restricted Stock Units are no longer subject to a substantial risk of forfeiture for purposes of Section 409A. In no event will Participant be permitted, directly
or indirectly, to specify the taxable year of the payment of any Restricted Stock Units payable under this Agreement. No fractional Shares will be issued under this Agreement. 

3. Vesting Schedule. Except as provided in Section 4, and subject to any acceleration provisions contained in the
Plan or set forth in this Agreement, and subject to Section 5, the Restricted Stock Units awarded by this Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Restricted Stock Units scheduled to vest
on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of this Agreement, unless Participant will have been continuously a Service Provider from the Date of Award Grant
until the date such vesting occurs. In the event Participant ceases to be a Service Provider for any or no reason before Participant vests in the Restricted Stock Units, the Restricted Stock Units and Participant’s right to acquire any Shares
hereunder will immediately terminate. 
 4. Administrator Discretion; Section 409A. 

(a) Administrator Discretion; Acceleration.  

(i) The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance,
of the unvested Restricted Stock Units at any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock Units will be considered as having vested as of the date specified by the Administrator. The payment of Shares vesting
pursuant to this Section 4 shall in all cases be paid at a time or in a manner that is exempt from or complies with Section 409A. 

(ii) Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser
portion of the balance, of the Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that such termination is a “separation from service” within the meaning of
Section 409A, as determined by the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such separation from service and (y) the
payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s separation from service, then
the payment of such accelerated Restricted Stock Units will not be made until the date six (6) months and one (1) day following the date of Participant’s separation from service, unless the Participant dies following his or her
termination as a Service Provider, in which case, the Restricted Stock Units will be paid in Shares to the Participant’s estate as soon as practicable following his or her death. It is the intent of this Agreement that it and all payments and
benefits hereunder be exempt from or comply with the requirements of Section 409A so that none of the Restricted Stock Units provided under this Agreement or Shares issuable thereunder will be subject to the additional tax imposed under
Section 409A, and any ambiguities herein will be interpreted to be so exempt or so comply. Each payment payable under this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2).
For purposes of this Agreement, “Section 409A” means Section 409A of the Code, and any final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 

(b) Section 409A. It is the intent of this Award Agreement that it and all issuances and benefits to U.S.
taxpayers hereunder be exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception under Section 409A, or otherwise be exempted or excepted from, or comply with, Section 409A, so
that none of this Award Agreement, the Restricted Stock Units provided under this Award Agreement, or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities or ambiguous terms herein
will be interpreted to be so exempt or excepted, or to so comply. Each issuance upon settlement of the Award under this Award Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). In
no event will the Company or any Service Recipient (as defined below) have any obligation or liability to reimburse, indemnify, or hold harmless Participant or any other person for any taxes, interest or penalties that may be imposed on Participant
(or any other person), or other costs incurred by Participant (or any other person) as a result of Section 409A. 

  
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 5. Forfeiture upon Termination of Status as a Service Provider.
Notwithstanding any contrary provision of this Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to
acquire any Shares hereunder will immediately terminate. 
 6. Death of Participant. Any distribution or delivery to
be made to Participant under this Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. Any such
transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining
to said transfer. 
 7. Withholding of Taxes. Participant acknowledges that, regardless of any action taken by the
Company or, if different, Participant’s employer (the “Employer”) or any Parent or Subsidiary to which Participant is providing services (together, the “Service Recipients”), the ultimate
liability for any tax and/or social insurance liability obligations and requirements in connection with the Restricted Stock Units, including, without limitation, (i) all federal, state, and local taxes (including Participant’s Federal
Insurance Contributions Act (FICA) obligations) that are required to be withheld by any Service Recipient or other payment of tax-related items related to Participant’s participation in the Plan and legally applicable to Participant;
(ii) Participant’s and, to the extent required by any Service Recipient, the Service Recipient’s fringe benefit tax liability, if any, associated with the grant, vesting, or settlement of the Restricted Stock Units or sale of Shares;
and (iii) any other Service Recipient taxes the responsibility for which Participant has, or has agreed to bear, with respect to the Restricted Stock Units (or settlement thereof or issuance of Shares thereunder) (collectively, the
“Tax Obligations”), is and remains Participant’s sole responsibility and may exceed the amount actually withheld by the applicable Service Recipient(s). Participant further acknowledges that no Service Recipient
(A) makes any representations or undertakings regarding the treatment of any Tax Obligations in connection with any aspect of the Restricted Stock Units, including, but not limited to, the grant, vesting or settlement of the Restricted Stock
Units, the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends or other distributions, and (B) makes any commitment to and is under any obligation to structure the terms of the grant or any aspect of
the Restricted Stock Units to reduce or eliminate Participant’s liability for Tax Obligations or achieve any particular tax result. Further, if Participant is subject to Tax Obligations in more than one jurisdiction between the Date of Award
Grant and the date of any relevant taxable or tax withholding event, as applicable, Participant acknowledges that the applicable Service Recipient(s) (or former employer, as applicable) may be required to withhold or account for Tax Obligations in
more than one jurisdiction. If Participant fails to make satisfactory arrangements for the payment of any required Tax Obligations hereunder at the time of the applicable taxable event, Participant acknowledges and agrees that the Company may refuse
to issue or deliver the Shares and may deem such Shares forfeited to the Company for no consideration. 
 Notwithstanding
any contrary provision of this Agreement, no certificate representing the Shares will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant with respect to the
payment of the Tax Obligations. Prior to vesting and/or settlement of the Restricted Stock Units, Participant will pay or make adequate arrangements satisfactory to the Service Recipient to satisfy all obligations of the Service Recipient for the
Tax Obligations. In this regard, Participant authorizes the Service Recipient to withhold all applicable Tax Obligations legally payable by Participant from his or her wages or other cash compensation paid to Participant by the Service Recipient or
from proceeds of the sale of Shares. Alternatively, or in addition, if permissible under applicable local law, the Company may, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit or require
Participant to satisfy such Tax Obligations, in whole or in part (without limitation) by (a) paying cash (or cash equivalent), (b) electing to have the Company withhold otherwise deliverable cash or Shares having a fair market value equal
to the minimum statutory amount required to be withheld or such greater amount as the Administrator may determine if such amount would not have adverse accounting consequences, as the Administrator determines in its sole discretion,
(c) delivering to the Company already-owned Shares having a fair market value equal to the minimum statutory amount required to be withheld or such greater amount as the Administrator may determine if such amount would not have adverse
accounting consequences, as the Administrator determines in its sole discretion, or (d) selling a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may determine in its sole discretion
(whether through a broker or otherwise) equal to the amount required to be withheld for Tax Obligations. The Company, in its sole discretion, will have the right (but not the obligation) to satisfy any Tax Obligations by reducing the number of
Shares otherwise deliverable to Participant and, until determined otherwise by the Company, this will be the method by which such obligations for Tax Obligations are satisfied. If Participant fails to make satisfactory arrangements for the payment
of any required Tax Obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to vest pursuant to Sections 3 or 4 or Tax Obligations related to the Restricted Stock Units otherwise are due, Participant will
permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be returned to the Company at no cost to the Company. 

Participant has reviewed with his or her own tax advisers the U.S. federal, state, local and non-U.S. tax consequences of
this investment and the transactions contemplated by this Award Agreement. With respect to such matters, Participant relies solely on such advisers and not on any statements or representations of the Company or any of its agents, written or oral.
Participant understands that Participant (and not the Company) shall be responsible for Participant’s own tax liability that may arise as a result of this investment or the transactions contemplated by this Award Agreement. 

  
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 8. Acknowledgements. In accepting this Award of Restricted Stock
Units, Participant acknowledges, understands and agrees that: 
 (a) Participant acknowledges receipt of a copy of the Plan
(including any applicable appendixes or sub-plans thereunder) and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Award of Restricted Stock Units subject to all of the terms and provisions
thereof. Participant has reviewed the Plan (including any applicable appendixes or sub-plans thereunder) and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully
understands all provisions of the Award. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Agreement. Participant further
agrees to notify the Company upon any change in the residence address indicated in the Notice of Grant; 
 (b) the grant of
the Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been
granted in the past; 
 (c) all decisions with respect to future Restricted Stock Units or other grants, if any, will be at
the sole discretion of the Administrator; 
 (d) Participant is voluntarily participating in the Plan; 

(e) the Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any pension
rights or compensation; 
 (f) the Restricted Stock Units and the Shares subject to the Restricted Stock Units, and the
income and value of same, are not part of normal or expected compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or
welfare benefits or similar payments; 
 (g) the future value of the Shares underlying the Restricted Stock Units is
unknown, indeterminable and cannot be predicted; 
 (h) for purposes of the Restricted Stock Units, Participant’s
status as a Service Provider will be considered terminated as of the date Participant is no longer actively providing services to the Company or any Parent or Subsidiary (regardless of the reason for such termination and whether or not later found
to be invalid or in breach of employment laws in the jurisdiction where Participant is a Service Provider or the terms of Participant’s employment or service agreement, if any), and unless otherwise expressly provided in this Award Agreement
(including by reference in the Notice of Grant to other arrangements or contracts) or determined by the Administrator, Participant’s right to vest in the Restricted Stock Units under the Plan, if any, will terminate as of such date and will not
be extended by any notice period (e.g., Participant’s period of service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where
Participant is a Service Provider or the terms of Participant’s employment or service agreement, if any, unless Participant is providing bona fide services during such time); the Administrator shall have the exclusive discretion to determine
when Participant is no longer actively providing services for purposes of the Restricted Stock Units grant (including whether Participant may still be considered to be providing services while on a leave of absence and consistent with local law);

 (i) unless otherwise provided in the Plan or by the Administrator in its discretion, the Restricted Stock Units and the
benefits evidenced by this Award Agreement do not create any entitlement to have the Restricted Stock Units or any such benefits transferred to, or assumed by, another company nor be exchanged, cashed out or substituted for, in connection with any
corporate transaction affecting the Shares; and 
 (j) the following provisions apply only if Participant is providing
services outside the United States: 
 (i) the Restricted Stock Units and the Shares subject to the Restricted Stock Units
are not part of normal or expected compensation or salary for any purpose; 
 (ii) Participant acknowledges and agrees that
no Service Recipient shall be liable for any foreign exchange rate fluctuation between Participant’s local currency and the United States Dollar that may affect the value of the Restricted Stock Units or of any amounts due to Participant
pursuant to the settlement of the Restricted Stock Units or the subsequent sale of any Shares acquired upon settlement; and 

(iii) no claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units resulting
from the termination of Participant’s status as a Service Provider (for any reason whatsoever whether or not later found to be invalid or in breach of employment laws in the jurisdiction where Participant is a Service Provider or the terms of
Participant’s employment or service agreement, if any), and in consideration of the grant of the Restricted Stock Units to which Participant is otherwise not entitled, Participant irrevocably agrees never to institute any claim against any
Service Recipient, waives his or her ability, if any, to bring any such claim, and releases each Service Recipient 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, Participant shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claim 

  
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 9. Data Privacy. Participant hereby explicitly and
unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this Award Agreement and any other Restricted Stock Unit grant materials by and among, as applicable, the
Service Recipients for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan. 

Participant understands that the Company and the Service Recipient may hold certain personal information about
Participant, including, but not limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any Shares or directorships held in the
Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor (“Data”), for the exclusive purpose of implementing, administering
and managing the Plan. 
 1. Participant understands that Data may be transferred to a stock
plan service provider, as may be selected by the Company in the future, assisting the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of the Data may be located in the United
States or elsewhere, and that the recipients’ country of operation (e.g., the United States) may have different data privacy laws and protections than Participant’s country. Participant understands that if he or she resides outside the
United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. Participant authorizes the Company, the Service Recipients, any stock
plan service provider selected by the Company 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 sole purpose of implementing, administering and managing his or her participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer and manage
Participant’s participation in the Plan. Participant understands if he or she resides outside the United States, 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. Further, Participant understands that he or she is providing the consents
herein on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent, his or her status as a Service Provider and career with the Service Recipient will not be adversely affected. The only
adverse consequence of refusing or withdrawing Participant’s consent is that the Company would not be able to grant Participant Restricted Stock Units or other equity awards or administer or maintain such awards. Therefore, Participant
understands that refusing or withdrawing his or her consent may affect Participant’s ability to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent, Participant
understands that he or she may contact his or her local human resources representative. 
 10.
English Language. Participant has received the terms and conditions of this Agreement and any other related communications, and Participant consents to having received these documents in English. If Participant has received this Agreement or
any other document related to the Plan translated into a language other than English and if the translated version is different than the English version, the English version will control. 

11. Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any of
the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or
registrars, and delivered to Participant (including through electronic delivery to a brokerage account). After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such
Shares and receipt of dividends and distributions on such Shares. 
 12. No Guarantee of Continued Service.
PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER, WHICH UNLESS PROVIDED OTHERWISE UNDER APPLICABLE LAW IS AT THE WILL OF THE
APPLICABLE SERVICE RECIPIENT AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED
HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH
PARTICIPANT’S RIGHT OR THE RIGHT OF ANY SERVICE RECIPIENT TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER, SUBJECT TO APPLICABLE LAW, WHICH TERMINATION, UNLESS PROVIDED OTHERWISE UNDER APPLICABLE LAW, MAY BE AT ANY TIME, WITH
OR WITHOUT CAUSE. 
 13. Address for Notices. Any notice to be given to the Company under the terms of this Agreement
will be addressed to the Company, in care of its Secretary at Intevac, Inc., 3560 Bassett Street, Santa Clara CA 95054, or at such other address as the Company may hereafter designate in writing. 

  
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 14. Grant is Not Transferable. Except to the limited extent provided
in Section 6, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment
or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant
and the rights and privileges conferred hereby immediately will become null and void. 
 15. Successors and Assigns.
The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this
Agreement shall be binding upon Participant and his or her heirs, executors, administrators, successors and assigns. The rights and obligations of Participant under this Agreement may be assigned only with the prior written consent of the Company.

 16. Additional Conditions to Issuance of Stock. If at any time the Company determines, in its discretion, that the
listing, registration, qualification or rule compliance of the Shares upon any securities exchange or under any state, federal or non-U.S. law, the tax code and related regulations or under the rulings or regulations of the United States Securities
and Exchange Commission or any other governmental regulatory body or the clearance, consent or approval of the United States Securities and Exchange Commission or any other governmental regulatory authority is necessary or desirable as a condition
to the issuance of Shares to Participant (or his or her estate or beneficiaries) hereunder, such issuance will not occur unless and until such listing, registration, qualification, rule compliance, clearance, consent or approval will have been
completed, effected or obtained free of any conditions not acceptable to the Company. If any such listing, registration, qualification, rule compliance, clearance, consent or approval has not been completed by the applicable deadline to remain
exempt from Section 409A under the “short-term deferral” exemption with respect to a Restricted Stock Unit in a manner that would allow it to be settled by such deadline, such Restricted Stock Unit will be forfeited as of immediately
following such deadline for no consideration and at no cost to the Company. Subject to the prior sentence, where the Company determines that the delivery of the payment of any Shares will violate federal securities laws or other applicable laws, the
Company will defer delivery until the earliest date at which the Company reasonably anticipates that the delivery of Shares will no longer cause such violation. The Company will make all reasonable efforts to meet the requirements of any such state,
federal or foreign law or securities exchange and to obtain any such consent or approval of any such governmental authority or securities exchange. Subject to the terms of this Award Agreement and the Plan, the Company shall not be required to issue
any certificate or certificates for Shares hereunder prior to the lapse of such reasonable period of time following the date of vesting of a Restricted Stock Unit as the Administrator may establish from time to time for reasons of administrative
convenience and any such certificate may be in book entry form. 
 17. Plan Governs. This Agreement is subject to all
terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Agreement
will have the meaning set forth in the Plan. 
 18. Administrator Authority. The Administrator will 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 (including, but not limited to, the determination
of whether or not any Restricted Stock Units have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons.
No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement. 

19. Electronic Delivery and Acceptance. The Company may, in its sole discretion, decide to deliver any documents
related to Restricted Stock Units awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means or require Participant to participate in the Plan by electronic means. Participant hereby consents to
receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

20. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or
construction of this Agreement. 
 21. Agreement Severable. In the event that any provision in this Agreement will be
held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 

22. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects
covered. Participant expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an
express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its
sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Restricted Stock Units. 


  
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 23. Amendment, Suspension or Termination of the Plan. By accepting
this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in
nature and may be amended, suspended or terminated by the Company at any time. 
 24. Governing Law. This Agreement
will be governed by the laws of the State of California, without giving effect to the conflict of law principles thereof. For purposes of litigating any dispute that arises under this Award of Restricted Stock Units or this Agreement, the parties
hereby submit to and consent to the jurisdiction of the State of California, and agree that such litigation will be conducted in the courts of Santa Clara County, California, or the federal courts for the United States for the Northern District of
California, and no other courts, where this Award of Restricted Stock Units is made and/or to be performed. 
 25. No
Waiver. Either party’s failure to enforce any provision or provisions of this Agreement shall not in any way be construed as a waiver of any such provision or provisions, nor prevent that party from thereafter enforcing each and every other
provision of this Agreement. The rights granted both parties herein are cumulative and shall not constitute a waiver of either party’s right to assert all other legal remedies available to it under the circumstances. 

26. Tax Consequences. Participant has reviewed with his or her own tax advisors the U.S. federal, state, local and
non-U.S. tax consequences of this investment and the transactions contemplated by this Agreement. With respect to such matters, Participant relies solely on such advisors and not on any statements or representations of the Company or any of its
agents, written or oral. Participant understands that Participant (and not the Company) shall be responsible for Participant’s own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.


  
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