Exhibit 10.23



 Exhibit 10.23 
 Annex 
 NXP Performance Stock Units Plan 2012/13 

  

					
	PAGE 1 OF 7	  	NXP Performance Stock Units Plan	  	October 25, 2012        










 Annex 

 

 TERMS AND CONDITIONS 

OF 
 NXP
PERFORMANCE STOCK UNITS PLAN 2012/13 
 Article 1 

Definitions 
 In this NXP
Performance Stock Units Plan the following definitions shall apply: 
  

			
	1.        Board:	 	the board of directors of NXP.
		
	2.        Change of Control:	 	a transaction or series of transactions or the conclusion of an agreement, which alone or taken together has the effect that as a result thereof a third party, or third parties
acting in concert, not being (a) Private Investor(s), obtains, whether directly or indirectly, Control of NXP.
		
	3.        Control:	 	(i) the ownership, whether direct or indirect, of a party or parties acting in concert, of more than 50.1% percent of (a) the issued Share capital and/or (b) the voting rights in
the general meeting of shareholders; or (ii) the right, whether direct or indirect, of a party or parties acting in concert to control the composition of the majority of the Board of NXP, or the majority of its voting rights, by contract or
otherwise.
		
	4.        Custody Account:	 	a custody account maintained in the name of a Participant.
		
	5.        Date of Grant:	 	the date at which a Performance Stock Unit is granted pursuant to this Plan. The Dates of Grant of any Performance Stock Units shall be the same dates as the dates of publication of
the NXP’ annual and/or quarterly results. The relevant Date of Grant and categorization of any Performance Stock Unit with respect to any grant hereunder shall be determined by NXP.
		
	6.        Date of Vesting:	 	The date at which the relevant performance conditions, as indicated in the Grant Letter, for the relevant Performance Stock Unit is met, subject to confirmation by NXP in accordance
with a procedure established by NXP.
		
	7.        Eligible Individual:	 	means an employee of the group of which NXP forms part or such other person as determined by or on behalf of the Board.
		
	8.        Employing Company:        	 	any company within the group of which NXP forms part and such other company as designated by or on behalf of the
Board.


  

					
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 Annex 

 


			
	9.        Grant Letter:	 	the letter in which Performance Stock Units are granted to an Eligible Individual.
		
	10.      NXP:	 	NXP Semiconductors N.V.
		
	11.      Participant:	 	an individual who has accepted any Performance Stock Units under this Plan.
		
	12.      Performance Stock Unit:	 	the conditional right granted to a Participant to receive one Share, subject to the terms and conditions of this Plan.
		
	13.      Plan:	 	this NXP Performance Stock Units Plan.
		
	14.      Private Investors:	 	the private investors, including the Private Equity Consortium, as defined and further explained in the registration statement on Form F-l which NXP has filed with the US Securities
and Exchange Commission on March 30, 2011.
		
	15.      Share:	 	a common share in the share capital of NXP (to be) delivered under this Plan.

 Article 2 
 Grant of Performance Stock Units 
  

	1.	Any Performance Stock Units may be granted by or on behalf of the Board to an Eligible Individual, subject to the terms and conditions of this Plan and any other NXP
policies or guidelines that may apply to such individual. Any Performance Stock Units offered to any such individual and the terms and conditions governing such rights shall be deemed accepted by such individual with effect from the applicable Date
of Grant in case NXP has not received, in accordance with a procedure established by NXP, a notice of rejection of such rights within fourteen (14) days of the Grant Letter or such later date as may be determined by NXP.


  

	2.	The Grant Letter shall reflect, inter alia, the Date of Grant, the number and category of Performance Stock Units awarded, the vesting schedule and the performance
conditions, if any. 


  

					
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 Annex 

 

 Article 3 
 Vesting of a Performance Stock Unit 
  

	1.	A Performance Stock Unit will vest (i.e. become unconditional and the corresponding Shares will be delivered to the relevant Participant) on the relevant Date of
Vesting subject to (i) any relevant performance conditions, if and when indicated in the Grant Letter, being met and (ii) Article 4 (Termination of Employment). In case of a Change of Control, a Performance Stock Unit will fully (for 100%)
vest (accelerated vesting). 

  

	2.	Whether any performance conditions are met will be established by NXP in accordance with a procedure established by NXP. 


Article 4 

Termination of Employment 

Unvested Performance Stock Units shall lapse, on the earliest of the following occasions, without notice and without any compensation: 

 

	 	a.	if a Participant’s employment terminates and such Participant is no longer employed by any Employing Company; 


 

	 	b.	upon violation by the Participant of any provision of this Plan or the Grant Letter in which case the Performance Stock Units shall lapse on the date of such violation
(rather than the date on which such violation comes to the attention of NXP). 

 Article 5 

Non-transferability 
 The
Performance Stock Units are strictly personal, and may not be assigned, transferred, pledged, hypothecated, or otherwise encumbered or disposed of in any manner nor may any transaction be entered into with the same effect. The Participant may not
engage in any transactions on any exchange on the basis of any Performance Stock Units. 
 Article 6 

Delivery and Holding of Shares 
  

	1.	NXP may require a Participant to maintain a Custody Account in connection with this Plan. Nothing contained in this Plan shall obligate NXP to establish or maintain or
cause to establish or maintain a Custody Account for any Participant. The Participant will provide NXP with the details thereof. 

  

	2.	Subject to the terms and conditions of this Plan, and further to the Participants election via the website, NXP will deliver a Share to a Participant on or as soon as
reasonably practicable, and in any event within 2.5 months, after the relevant Date of Vesting. In no event shall NXP have any obligation to deliver any Shares to a Participant prior to the relevant Date of Vesting. 


 

	3.	Any Shares to be delivered pursuant to Article 6( 2) will be credited to the Custody Account. 


  

					
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 Annex 

 

 Article 7 
 Capital Dilution 
 NXP may make any equitable adjustment or substitution of the number or
kind of Shares subject to the Performance Stock Units, as it, in its sole discretion, deems equitable to reflect any significant corporate event of or by NXP, for example a change in the outstanding Shares by reason of any stock dividend or split,
recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other corporate change, or any distribution to holders of Shares other than regular cash dividends. 

Article 8 

Costs and Taxes 
  

	1.	All costs of delivering any Shares under this Plan to a Participant’s Custody Account and any other costs connected with the Shares shall be borne by the
Participant. 

  

	2.	Any and all taxes, duties, levies, charges or social security contributions (“Taxes”) which arise under any applicable national, state, local or
supra-national laws, rules or regulations, whether already effective on the Date of Grant of any Performance Stock Units or becoming effective thereafter, and any changes or modifications therein and termination thereof which may result for the
Participant in connection with this Plan (including, but not limited to, the grant of the Performance Stock Units, the ownership of the Performance Stock Units and/or the delivery of any Shares under this Plan, the ownership and/or the sale of any
Shares acquired under this Plan) shall be for the sole risk and account of the Participant. 

  

	3.	NXP and any other Employing Company shall have the right to deduct or withhold (or cause to be deducted or withheld) from any salary payment or other sums due by NXP or
any other Employing Company to Participant, or requiring the Participant or beneficiary of the Participant, to pay to NXP an amount necessary to settle any Taxes and any costs determined by NXP necessary to be withheld in connection with this Plan
(including, but not limited to, the grant of the Performance Stock Units or the delivery of any Shares under this Plan). 

 Article 9 
 Cash Alternative 

In exceptional circumstances, at the sole discretion of the Board, upon the Date of Vesting, NXP may advise a Participant resident outside the
Netherlands to request in writing an amount in cash as an alternative to Shares. Upon such request the Participant is entitled to receive an amount in U.S. Dollars, equal to the price of a Share listed at the NASDAQ Global Select Market with
dividend, if any, at closing of NASDAQ, multiplied by the relevant number of vested Performance Stock Units. If on the date of receipt of the request from the Participant, Shares have not been traded at NASDAQ, the price of a Share will be the
opening price of the first subsequent trading day at NASDAQ. Any costs to be paid and any applicable Taxes due shall be deducted from the amount to be received by the Participant. 

  

					
	PAGE 5 OF 7	  	NXP Performance Stock Units Plan	  	October 25, 2012        










 Annex 

 

 Article 10 
 General Provisions  
 Insider trading rules 

 

	1.	Each Participant shall comply with any applicable “insider trading” laws and regulations, including the “NXP Semiconductor N.V. rules on holding and
trading in NXP Securities”. 

 Authority for this Plan 

 

	2.	NXP shall have the authority to interpret this Plan, to establish, amend, and rescind any rules and regulations relating to this Plan, to determine the terms and
conditions of any agreements entered into hereunder, to make all other determinations necessary or advisable for the administration of this Plan. To the extent required by law, the general meeting of shareholders of NXP will be requested to adopt or
approve such changes. 

  

	3.	The terms and conditions in force from time to time are published on the NXP’ intranet and on the website of the administrator of this Plan and apply to all
Performance Stock Units granted and the Shares obtained under this Plan. NXP may delegate the authority to perform administrative and operational functions with respect to this Plan to officers or employees of subsidiaries of NXP and to service
providers. 

 Shareholder rights 
  

	4.	No Participant shall have any rights or privileges of shareholders (including the right to receive dividends and to vote) with respect to Shares to be delivered
pursuant to the Performance Stock Units until such Shares are actually delivered to him in accordance with Article 6 of this Plan. The Shares delivered shall carry the same rights as common shares of NXP traded at NASDAQ on the day on which these
Shares are delivered. 

 Non-recurring discretionary grant 

 

	5.	Eligibility and participation shall be at the sole discretion of NXP or the Employing Company and as such do not qualify as terms and conditions of employment. The
Grant in one year does not create rights for future years. 

  

	6.	The (value of) Performance Stock Units granted to, or Shares acquired by a Participant pursuant to such Performance Stock Unit under this Plan shall not be considered
as compensation in determining a Participant’s benefits under any benefit plan of an Employing Company, including but not limited to, group life insurance, long-term disability, family survivors, or any retirement, pension or savings plan.


  

	7.	Nothing contained in this Plan, Grant Letter or any agreement entered into pursuant hereto shall confer upon any Participant any right to be retained employed with any
Employing Company, or to be entitled to any remuneration or benefits not set forth in this Plan or interfere with or limit in any way with the right of any Employing Company or any of its subsidiaries to terminate such Participant’s employment
or to discharge or retire any Participant at any time. 


  

					
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 Annex 

 

 Miscellaneous 

 

	8.	If a provision of this Plan is deemed illegal or invalid, the illegality or invalidity shall not affect the remaining parts of this Plan, this Plan shall be construed
as if the illegal or invalid provisions had not been included in this Plan. 

  

	9.	Where the context requires, words in either gender shall include also the other gender.  


Choice of law and forum 
  

	10.	This Plan shall be governed by and construed in accordance with the laws of The Netherlands, without regard to its principles of conflict of laws. Any dispute arising
under or in connection with this Plan shall be settled by the competent courts in Amsterdam, The Netherlands. 

  

Ÿ
  Ÿ  
Ÿ  Ÿ  Ÿ   

  

					
	PAGE 7 OF 7	  	NXP Performance Stock Units Plan	  	October 25, 2012        









 Annex 
 NXP Restricted Stock Units Plan 2012/13 

  

					
	Page 1 of 7	  	NXP Restricted Stock Units Plan	  	October 25, 2012        










 Annex 

 

 TERMS AND CONDITIONS OF 

NXP RESTRICTED STOCK UNITS PLAN 2012/13 
 Article 1 
 Definitions 

In this NXP Restricted Stock Units Plan the following definitions shall apply: 

 

					
	1.	  	Board:	  	the board of directors of NXP.
			
	2.	  	Change of Control:	  	a transaction or series of transactions or the conclusion of an agreement, which alone or taken together has the effect that as a result thereof a third party, or third parties
acting in concert, not being (a) Private Investor(s), obtains, whether directly or indirectly, Control of NXP.
			
	3.	  	Control:	  	(i) the ownership, whether direct or indirect, of a party or parties acting in concert, of more than 50.1% percent of (a) the issued Share capital and/or (b) the voting rights in
the general meeting of shareholders; or (ii) the right, whether direct or indirect, of a party or parties acting in concert to control the composition of the majority of the Board of NXP, or the majority of its voting rights, by contract or
otherwise.
			
	4.	  	Custody Account:	  	a custody account maintained in the name of a Participant.
			
	5.	  	Date of Grant:	  	the date at which a Restricted Stock Unit is granted pursuant to this Plan. The Dates of Grant of any Restricted Stock Units shall be the same dates as the dates of publication of
the NXP’ annual and/or quarterly results. The relevant Date of Grant and categorization of any Restricted Stock Unit with respect to any grant hereunder shall be determined by NXP.
			
	6.	  	Date of Vesting:	  	depending on whether a Restricted Stock Unit is categorized as a “1 Year Term Restricted Stock Unit”, “2 Year Term Restricted Stock Unit” or “3 Year Term
Restricted Stock Unit”, the date of vesting shall be the first, second or third anniversary of the Date of Grant of such Restricted Stock Unit.
			
	7.	  	Eligible Individual:	  	means an employee of the group of which NXP forms part or such other person as determined by or on behalf of the Board.


  

					
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 Annex 

 

  

					
			
	8.	 	Employing Company:	  	any company within the group of which NXP forms part and such other company as designated by or on behalf of the Board.
			
	9.	 	Grant Letter:	  	the letter in which Restricted Stock Units are granted to an Eligible Individual.
			
	10.	 	NXP:	  	NXP Semiconductors N.V.
			
	11.	 	Participant:	  	an individual who has accepted any Restricted Stock Units under this Plan.
			
	12.	 	Plan:	  	this NXP Restricted Stock Units Plan.
			
	13.	 	Private Investors:	  	the private investors, including the Private Equity Consortium, as defined and further explained in the registration statement on Form F-1 which NXP has filed with the US Securities
and Exchange Commission on March 30, 2011.
			
	14.	 	Restricted Stock Unit:	  	the conditional right granted to a Participant to receive one Share, subject to the terms and conditions of this Plan. Restricted Stock Units will be categorized as “1 Year
Term Restricted Stock Units”, “2 Year Term Restricted Stock Units” or “3 Year Term Restricted Stock Units”, as applicable.
			
	15.	 	Share:	  	a common share in the share capital of NXP (to be) delivered under this Plan.

 Article 2 
 Grant of Restricted Stock Units 
  

	1.	Any Restricted Stock Units may be granted by or on behalf of the Board to an Eligible Individual, subject to the terms and conditions of this Plan and any other NXP
policies or guidelines that may apply to such individual. Any Restricted Stock Units offered to any such individual and the terms and conditions governing such rights shall be deemed accepted by such individual with effect from the applicable Date
of Grant in case NXP has not received, in accordance with a procedure established by NXP, a notice of rejection of such rights within fourteen (14) days of the Grant Letter or such later date as may be determined by NXP.


  

	2.	The Grant Letter shall reflect, inter alia, the Date of Grant, the number and category of Restricted Stock Units awarded, the vesting schedule and the performance
conditions, if any. 


  

					
	Page 3 of 7	  	NXP Restricted Stock Units Plan	  	October 25, 2012        










 Annex 

 

 Article 3 
 Vesting of a Restricted Stock Unit 
  

	1.	A Restricted Stock Unit will vest (i.e. become unconditional and the corresponding Shares will be delivered to the relevant Participant) on the relevant Date of Vesting
subject to (i) any relevant performance conditions, if and when indicated in the Grant Letter, being met and (ii) Article 4 (Termination of Employment). In case of a Change of Control, a Restricted Stock Unit will fully (for 100%) vest
(accelerated vesting). 

  

	2.	Whether any performance conditions are met will be established by NXP in accordance with a procedure established by NXP. 


Article 4 

Termination of Employment 

Unvested Restricted Stock Units shall lapse, on the earliest of the following occasions, without notice and without any compensation: 

 

	 	a.	if a Participant’s employment terminates and such Participant is no longer employed by any Employing Company; 


 

	 	b.	upon violation by the Participant of any provision of this Plan or the Grant Letter in which case the Restricted Stock Units shall lapse on the date of such violation
(rather than the date on which such violation comes to the attention of NXP). 

 Article 5 

Non-transferability 
 The
Restricted Stock Units are strictly personal, and may not be assigned, transferred, pledged, hypothecated, or otherwise encumbered or disposed of in any manner nor may any transaction be entered into with the same effect. The Participant may not
engage in any transactions on any exchange on the basis of any Restricted Stock Units. 
 Article 6 

Delivery and Holding of Shares 
  

	1.	NXP may require a Participant to maintain a Custody Account in connection with this Plan. Nothing contained in this Plan shall obligate NXP to establish or maintain or
cause to establish or maintain a Custody Account for any Participant. The Participant will provide NXP with the details thereof. 

  

	2.	Subject to the terms and conditions of this Plan, and further to the Participants election via the website, NXP will deliver a Share to a Participant on or as soon as
reasonably practicable, and in any event within 2.5 months, after the relevant Date of Vesting. In no event shall NXP have any obligation to deliver any Shares to a Participant prior to the relevant Date of Vesting. 


 

	3.	Any Shares to be delivered pursuant to Article 6( 2) will be credited to the Custody Account. 


  

					
	Page 4 of 7	  	NXP Restricted Stock Units Plan	  	October 25, 2012        










 Annex 

 

 Article 7 
 Capital Dilution 
 NXP may make any equitable adjustment or substitution of the number or
kind of Shares subject to the Restricted Stock Units, as it, in its sole discretion, deems equitable to reflect any significant corporate event of or by NXP, for example a change in the outstanding Shares by reason of any stock dividend or split,
recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other corporate change, or any distribution to holders of Shares other than regular cash dividends. 

Article 8 

Costs and Taxes 
  

	1.	All costs of delivering any Shares under this Plan to a Participant’s Custody Account and any other costs connected with the Shares shall be borne by the
Participant. 

  

	2.	Any and all taxes, duties, levies, charges or social security contributions (“Taxes”) which arise under any applicable national, state, local or
supra-national laws, rules or regulations, whether already effective on the Date of Grant of any Restricted Stock Units or becoming effective thereafter, and any changes or modifications therein and termination thereof which may result for the
Participant in connection with this Plan (including, but not limited to, the grant of the Restricted Stock Units, the ownership of the Restricted Stock Units and/or the delivery of any Shares under this Plan, the ownership and/or the sale of any
Shares acquired under this Plan) shall be for the sole risk and account of the Participant. 

  

	3.	NXP and any other Employing Company shall have the right to deduct or withhold (or cause to be deducted or withheld) from any salary payment or other sums due by NXP or
any other Employing Company to Participant, or requiring the Participant or beneficiary of the Participant, to pay to NXP an amount necessary to settle any Taxes and any costs determined by NXP necessary to be withheld in connection with this Plan
(including, but not limited to, the grant of the Restricted Stock Units or the delivery of any Shares under this Plan). 

 Article 9 
 Cash Alternative 

In exceptional circumstances, at the sole discretion of the Board, upon the Date of Vesting, NXP may advise a Participant resident outside the Netherlands
to request in writing an amount in cash as an alternative to Shares. Upon such request the Participant is entitled to receive an amount in U.S. Dollars, equal to the price of a Share listed at the NASDAQ Global Select Market with dividend, if any,
at closing of NASDAQ, multiplied by the relevant number of vested Restricted Stock Units. If on the date of receipt of the request from the Participant, Shares have not been traded at NASDAQ, the price of a Share will be the opening price of the
first subsequent trading day at NASDAQ. Any costs to be paid and any applicable Taxes due shall be deducted from the amount to be received by the Participant. 

  

					
	Page 5 of 7	  	NXP Restricted Stock Units Plan	  	October 25, 2012        










 Annex 

 

 Article 10 
 General Provisions 
 Insider trading rules 

 

	1.	Each Participant shall comply with any applicable “insider trading” laws and regulations, including the “NXP Semiconductor N.V. rules on holding and
trading in NXP Securities”. 

 Authority for this Plan 

 

	2.	NXP shall have the authority to interpret this Plan, to establish, amend, and rescind any rules and regulations relating to this Plan, to determine the terms and
conditions of any agreements entered into hereunder, to make all other determinations necessary or advisable for the administration of this Plan. To the extent required by law, the general meeting of shareholders of NXP will be requested to adopt or
approve such changes. 

  

	3.	The terms and conditions in force from time to time are published on the NXP’ intranet and on the website of the administrator of this Plan and apply to all
Restricted Stock Units granted and the Shares obtained under this Plan. NXP may delegate the authority to perform administrative and operational functions with respect to this Plan to officers or employees of subsidiaries of NXP and to service
providers. 

 Shareholder rights 
  

	4.	No Participant shall have any rights or privileges of shareholders (including the right to receive dividends and to vote) with respect to Shares to be delivered
pursuant to the Restricted Stock Units until such Shares are actually delivered to him in accordance with Article 6 of this Plan. The Shares delivered shall carry the same rights as common shares of NXP traded at NASDAQ on the day on which these
Shares are delivered. 

 Non-recurring discretionary grant 

 

	5.	Eligibility and participation shall be at the sole discretion of NXP or the Employing Company and as such do not qualify as terms and conditions of employment. The
Grant in one year does not create rights for future years. 

  

	6.	The (value of) Restricted Stock Units granted to, or Shares acquired by a Participant pursuant to such Restricted Stock Unit under this Plan shall not be considered as
compensation in determining a Participant’s benefits under any benefit plan of an Employing Company, including but not limited to, group life insurance, long-term disability, family survivors, or any retirement, pension or savings plan.


  

	7.	Nothing contained in this Plan, Grant Letter or any agreement entered into pursuant hereto shall confer upon any Participant any right to be retained employed with any
Employing Company, or to be entitled to any remuneration or benefits not set forth in this Plan or interfere with or limit in any way with the right of any Employing Company or any of its subsidiaries to terminate such Participant’s employment
or to discharge or retire any Participant at any time. 


  

					
	Page 6 of 7	  	NXP Restricted Stock Units Plan	  	October 25, 2012        










 Annex 

 

 Miscellaneous 

 

	8.	If a provision of this Plan is deemed illegal or invalid, the illegality or invalidity shall not affect the remaining parts of this Plan, this Plan shall be construed
as if the illegal or invalid provisions had not been included in this Plan. 

  

	9.	Where the context requires, words in either gender shall include also the other gender. 

 Choice of law and forum 
  

	10.	This Plan shall be governed by and construed in accordance with the laws of The Netherlands, without regard to its principles of conflict of laws. Any dispute arising
under or in connection with this Plan shall be settled by the competent courts in Amsterdam, The Netherlands. 

  

•  •  •  •  • 

  

					
	Page 7 of 7	  	NXP Restricted Stock Units Plan	  	October 25, 2012        









 Annex 
 NXP Share Plan 2012/13 

  

					
	Page 1 of 6	  	NXP Share Plan	  	October 25, 2012        










 Annex 

 

 TERMS AND CONDITIONS 

OF 
 NXP
SHARE PLAN 2012/13 
 Article 1 
 Definitions 
 In this NXP Share Plan the following definitions shall apply: 

 

					
	1.	  	Board:	  	the board of directors of NXP.
			
	2.	  	Change of Control:                	  	a transaction or series of transactions or the conclusion of an agreement, which alone or taken together has the effect that as a result thereof a third party, or third parties
acting in concert, not being (a) Private Investor(s), obtains, whether directly or indirectly, Control of NXP.
			
	3.	  	Control:	  	(i) the ownership, whether direct or indirect, of a party or parties acting in concert, of more than 50.1% percent of (a) the issued Share capital and/or (b) the voting rights in
the general meeting of shareholders; or (ii) the right, whether direct or indirect, of a party or parties acting in concert to control the composition of the majority of the Board of NXP, or the majority of its voting rights, by contract or
otherwise.
			
	4.	  	Custody Account:	  	a custody account maintained in the name of Participant.
			
	5.	  	Date of Grant:	  	the date at which a Share is granted pursuant to this Plan. The Dates of Grant of any Share shall be the same dates as the dates of publication of the NXP’ annual and/or
quarterly results. The relevant Date of Grant and categorization of any Share with respect to any grant hereunder shall be determined by NXP.
			
	6.	  	Eligible Individual:	  	means an employee of the group of which NXP forms part or such other person as determined by or on behalf of the Board.
			
	7.	  	Employing Company:	  	any company within the group of which NXP forms part and such other company as designated by or on behalf of the Board.
			
	8.	  	Grant Letter:	  	the letter in which Shares are granted to an Eligible Individual, substantially in the form of Schedule 1.
			
	9.	  	Lock-Up Period	  	the period during which the Shares cannot be transferred as set out in Article 4, which period shall be indicated and further specified in the Grant Letter for


  

					
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 Annex 

 


					
		  		  	the respective Shares categorized as a “1 Year Term Share”, “2 Year Term Share” or “3 Year Term Share”. During the lock-up period the Shares will be
held on the Nominee Account. In any event, the Lock-Up Period ends upon a Change of Control.
			
	10.	  	Nominee Account:            	  	a custody account maintained in the name of a Participant established by an administrator designated by NXP.
			
	11.	  	NXP:	  	NXP Semiconductors N.V.
			
	12.	  	Participant:	  	an individual who has accepted any Share under this Plan.
			
	13.	  	Plan:	  	this NXP Share Plan.
			
	14.	  	Private Investors:	  	The private investors, including the Private Equity Consortium, as defined and further explained in the registration statement on Form F-1 which NXP has filed with the US Securities
and Exchange Commission on March 30, 2011.
			
	15.	  	Share:	  	a common share in the share capital of NXP.

 Article 2 
 Grant of Shares 
  

	1.	Any Shares may be granted by or on behalf of the Board to an Eligible Individual, subject to the terms and conditions of this Plan and any other NXP policies or
guidelines that may apply to such individual. Any Share offered to any such individual and the terms and conditions governing such rights shall be deemed accepted by such individual with effect from the applicable Date of Grant in case NXP has not
received, in accordance with a procedure established by NXP, a notice of rejection of such rights within seven (7) days of the Grant Letter or such later date as may be determined by NXP. 


 

	2.	The Grant Letter shall reflect, inter alia, the Date of Grant, the number and category of Shares awarded, the performance conditions, if any, and the transfer back
obligation. 

 Article 3 
 Transfer Back Obligation 
  

	1.	A Participant is obliged to transfer back to NXP the relevant Shares acquired under the Plan and to pay back any distributions on such relevant Shares as the
Participant has received from NXP, on the earliest of the following occasions, without any compensation: 


  

					
	Page 3 of 6	  	NXP Share Plan	  	October 25, 2012        










 Annex 

 


	 	a.	if a Participant’s employment terminates, and such Participant is no longer employed by any Employing Company, prior to the termination of the relevant Lock-Up
Period; 

  

	 	b.	if the relevant performance conditions, if and when indicated in the Grant Letter not being met prior to the termination of the relevant Lock-Up Period; or


  

	 	c.	upon violation by the Participant of any provision of this Plan or the Grant Letter. 


 

	2.	After the occurrence of a Change of Control, a Participant is no longer obliged to transfer back to NXP any Shares acquired under the Plan, unless Article 3
(1)(c) applies. 

 Article 4 
 Lock-Up Period and Non-transferability 
 During the Lock-Up Period, the Shares may not be
assigned, transferred, pledged, hypothecated, or otherwise encumbered or disposed of in any manner nor may any transaction be entered into with the same effect. During the Lock-Up Period, the Participant may not engage in any transactions on any
exchange on the basis of any Share. 
 Article 5 
 Delivery and Holding of Shares 
  

	1.	NXP may require a Participant to maintain a Nominee Account in connection with this Plan. Nothing contained in this Plan shall obligate NXP to establish or maintain or
cause to establish or maintain a Nominee Account for any Participant. The Participant will provide NXP with the details thereof. 

  

	2.	Subject to the terms and conditions of this Plan, and further to the Participants’ election in accordance with a procedure established by NXP, NXP will deliver a
Share to the Nominee Account of a Participant on or as soon as reasonably practicable after the Date of Grant. 

  

	3.	Any Shares to be delivered pursuant to Article 5(2) will be credited to the Nominee Account. 


 

	4.	Except as may be otherwise approved in writing by NXP in its sole discretion, in case a Participant no longer holds any Shares that are subject to a Lock-Up Period
under any Plan, the Participant (or his or her estate or legal representatives, as the case may be) shall withdraw all Shares credited to the Participant’s Nominee Account within two (2) months of the termination of the relevant Lock-Up
Period. The Shares shall be transferred to the Participant’s Custody Account, upon receipt of the details thereof. In case the Participant (or his or her estate or legal representatives, as the case may be) fails to comply with the foregoing
obligations, then the Participant (or his or her estate or legal representatives, as the case may be) shall be deemed to have requested NXP to sell or cause to sell such Shares. 


  

					
	Page 4 of 6	  	NXP Share Plan	  	October 25, 2012        










 Annex 

 

 Article 6 
 Costs and Taxes 
  

	1.	All costs connected with the Nominee Account shall be borne by NXP or the Employing Company. 


 

	2.	All costs of delivering any Shares under this Plan to a Participant’s Custody Account and any other costs connected with the Shares shall be borne by the
Participant. 

  

	3.	Any and all taxes, duties, levies, charges or social security contributions (“Taxes”) which arise under any applicable national, state, local or
supra-national laws, rules or regulations, whether already effective on the Date of Grant of any Share or becoming effective thereafter, and any changes or modifications therein and termination thereof which may result for the Participant in
connection with this Plan (including, but not limited to, the grant of the Shares, the delivery of any Shares under this Plan, the ownership and/or the sale of any Shares acquired under this Plan) shall be for the sole risk and account of the
Participant. 

  

	4.	NXP and any other Employing Company shall have the right to deduct or withhold (or cause to be deducted or withheld) from any salary payment or other sums due by NXP or
any other Employing Company to Participant, or requiring the Participant or beneficiary of the Participant, to pay to NXP an amount necessary to settle any Taxes and any costs determined by NXP necessary to be withheld in connection with this Plan
(including, but not limited to, the grant of the Shares or the delivery of any Shares under this Plan and any distributions on the Shares prior to the termination of the relevant Lock-Up Period). 


 

	5.	NXP shall not be required to deliver any Shares and NXP may delay (or cause to be delayed) the transfer of any Shares from a Nominee Account to a Custody Account until
NXP has received an amount, or the Participant has made such arrangements required by NXP necessary to satisfy any withholding of any Taxes and any costs to be borne by the Participant in connection with this Plan as determined by NXP.


  

	6.	NXP is herewith authorised by the Participant to sell (part of) Participant’s Shares credited to a Nominee Account and to maintain such part of the proceeds of
this sale as payment to NXP necessary to satisfy any withholding of any Taxes and any costs to be borne by the Participant in connection with this Plan as determined by NXP. 


Article 7 

General Provisions 

Insider trading rules 
  

	1.	Each Participant shall comply with any applicable “insider trading” laws and regulations, including the “NXP Semiconductor N.V. rules on holding and
trading in NXP Securities”. 


  

					
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 Annex 

 

 Authority for this Plan 

 

	2.	NXP shall have the authority to interpret this Plan, to establish, amend, and rescind any rules and regulations relating to this Plan, to determine the terms and
conditions of any agreements entered into hereunder, to make all other determinations necessary or advisable for the administration of this Plan. To the extent required by law, the general meeting of shareholders of NXP will be requested to adopt or
approve such changes. 

  

	3.	The terms and conditions in force from time to time are published on the NXP’ intranet and on the website of the administrator of this Plan and apply to all Shares
obtained under this Plan. NXP may delegate the authority to perform administrative and operational functions with respect to this Plan to officers or employees of subsidiaries of NXP and to service providers. 


Non-recurring discretionary grant 
  

	4.	Eligibility and participation shall be at the sole discretion of NXP or the Employing Company and as such do not qualify as terms and conditions of employment. The
Grant in one year does not create rights for future years. 

  

	5.	The (value of) Shares granted to, or Shares acquired by a Participant pursuant to this Plan shall not be considered as compensation in determining a Participant’s
benefits under any benefit plan of an Employing Company, including but not limited to, group life insurance, long-term disability, family survivors, or any retirement, pension or savings plan. 


 

	6.	Nothing contained in this Plan, Grant Letter or any agreement entered into pursuant hereto shall confer upon any Participant any right to be retained employed with any
Employing Company, or to be entitled to any remuneration or benefits not set forth in this Plan or interfere with or limit in any way with the right of any Employing Company or any of its subsidiaries to terminate such Participant’s employment
or to discharge or retire any Participant at any time. 

 Miscellaneous 

 

	7.	If a provision of this Plan is deemed illegal or invalid, the illegality or invalidity shall not affect the remaining parts of this Plan, this Plan shall be construed
as if the illegal or invalid provisions had not been included in this Plan. 

  

	8.	Where the context requires, words in either gender shall include also the other gender. 

 Choice of law and forum 
  

	9.	This Plan shall be governed by and construed in accordance with the laws of The Netherlands, without regard to its principles of conflict of laws. Any dispute arising
under or in connection with this Plan shall be settled by the competent courts in Amsterdam, The Netherlands. 

  

•  •  •  •  • 

  

					
	Page 6 of 6	  	NXP Share Plan	  	October 25, 2012        









 Annex 
 Global NXP Stock Option Program 2012/13 

  

					
	Page 1 of 9	  	NXP Stock Option Program	  	October 25, 2012        










 Annex 

 

 TERMS AND CONDITIONS OF 

GLOBAL NXP STOCK OPTION PROGRAM 2012/13 
 Article 1 
 Definitions 

In this Global NXP Stock Option Program the following definitions shall apply: 

 

					
	1.	  	Board:	  	 The board of directors of NXP.

			
	2.	  	Change of Control:	  	 a transaction or series of transactions or the conclusion of an agreement, which alone or taken together has the effect that as a result thereof a
third party, or third parties acting in concert, not being (a) Private Investor(s), obtains, whether directly or indirectly, Control of NXP.

			
	3.	  	Closing Price:	  	 the price of a Share listed at the NASDAQ Global Select Market (“NASDAQ”) with dividend, if any, at closing of NASDAQ . If on the date of
receipt of an Exercise Notice, Shares have not been traded at NASDAQ, the Closing Price will be the opening price of the first subsequent trading day at NASDAQ.

			
	4.	  	Control:	  	 (i) the ownership, whether direct or indirect, of a party or parties acting in concert, of more than 50.1% percent of (a) the issued Share capital
and/or (b) the voting rights in the general meeting of shareholders; or (ii) the right, whether direct or indirect, of a party or parties acting in concert to control the composition of the majority of the Board of NXP, or the majority of its voting
rights, by contract or otherwise.

			
	5.	  	Custody Account:	  	 a custody account maintained in the name of an Option Holder.

			
	6.	  	Date of Grant:	  	 the date at which the Options shall be deemed granted to the Option Holder pursuant to this Program. The Dates of Grant shall be the same dates as the
dates of publication of NXP annual and/or quarterly results. The relevant Date of Grant with respect to any grant hereunder shall be determined by NXP.

			
	7.	  	Eligible Individual:	  	 means an employee of the group of which NXP forms part or such other person as determined by or on behalf of the Board.

			
	8.	  	Employing Company:	  	 any company within the group of which NXP forms part and such other company as designated by or on behalf of the
Board.



  

					
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 Annex 

 


					
			
	9.	  	Exercise Notice:	  	 a notice in which an Option Holder indicates that he will exercise his vested Options.

			
	10.	  	Exercise Period:	  	 the term during which an Option can be exercised.

			
	11.	  	Exercise Price:	  	 the price to be paid by the Option Holder to acquire a Share upon exercising an Option. Such price will be equal to the Closing Price on the
applicable Date of Grant.

			
	12.	  	Grant:	  	 a grant of an Option to any Eligible Individual by NXP.

			
	13.	  	Grant Letter	  	 the letter in which Options are granted to an Eligible Individual, substantially in the form of Schedule [1].

			
	14.	  	NXP:	  	 NXP Semiconductors N.V.

			
	15.	  	Option:	  	 a right granted by NXP under this Program to acquire one Share or the value in cash thereof, subject to this Program.

			
	16.	  	Option Holder:	  	 a person holding any Options under this Program.

			
	17.	  	Private Investors:	  	 The private investors, including the Private Equity Consortium, as defined and further explained in the registration statement on Form F-1 which NXP
has filed with the US Securities and Exchange Commission on March 30, 2011.

			
	18.	  	Program:	  	 this Global NXP Stock Option Program.

			
	19.	  	Share:	  	 a common share in the share capital of NXP.


 Article 2 
 Grant of Options 
  

	1.	Any Options may be granted by or on behalf of the Board to an Eligible Individual, subject to the terms and conditions of this Program and any other NXP policies or
guidelines that may apply to such individual. Any Options granted to any such individual and the terms and conditions governing such Options shall be deemed accepted by such individual with effect from the applicable Date of Grant in case NXP has
not received, in accordance with a procedure established by NXP, a notice of rejection of such Options within fourteen (14) days following the Grant Letter or such later date as may be determined by NXP. 


 

	2.	The Grant Letter shall reflect, inter alia, the Date of Grant, the number of Options awarded, the Exercise Price and the vesting schedule. 


  

					
	Page 3 of 9	  	NXP Stock Option Program	  	October 25, 2012        










 Annex 

 

 Article 3 
 Vesting 
 Options will vest over a four-year vesting period as indicated in the Grant
Letter, whereby any 1/4 of the Options will vest at each anniversary of the Date of Grant, subject to Article 9 (Termination of Employment). In case of a Change of Control, an Option will fully (for 100%) vest (accelerated vesting).

 Article 4 
 Exercise of Options 
  

	1.	Vested Options can only be exercised during the Exercise Period. Unvested or lapsed Options cannot be exercised. 


 

	2.	The Exercise Period commences on the vesting of the relevant Options and terminates on the tenth anniversary of the Date of Grant, subject to Article 8 (2)e.


  

	3.	Vested Options can only be exercised by (i) submitting an Exercise Notice, and (ii) payment of the Exercise Price. Vested Options may in principle only be
exercised subject to a minimum of ten (10) units. 

  

	4.	The Exercise Notice should contain (i) the Date of Grant of the Options an Option Holder wishes to exercise and (ii) the number of Options to be exercised and
whether Shares to be obtained upon such exercise: 

  

	 	a.	be sold, on behalf of the Option Holder as soon as possible. Upon such sale, the aggregate revenue of the Shares sold upon exercise of the Options less the Exercise
Price multiplied by the number of such Options, and further costs and Taxes, will be paid to the Option Holder in accordance with a procedure determined by NXP; or 


 

	 	b.	be delivered to the Option Holder as provided for in Article 10. In case the Option Holder elects to have the Shares to be delivered to him, the Exercise Notice shall
contain the details of the Custody Account to which the Shares shall be delivered, and shall be accompanied by the payment in full of the Exercise Price, multiplied by the number of Options so being exercised, and further costs and Taxes. Such
payment shall be made: (a) in cash, (b) through simultaneous sale through a broker of Shares acquired on exercise, subject to it being permitted under the applicable regulations, (c) through additional methods prescribed by NXP or
(d) by a combination of any such method. 

 Article 5 

Cash Alternative 
 In
exceptional circumstances, at the sole discretion of the Board, upon receipt of an Exercise Notice NXP may advise an Option Holder resident outside the Netherlands to request in writing an amount in cash as an alternative to Shares. Upon such
request the Option Holder is entitled to receive an amount in U.S. Dollars, equal to the Closing Price minus the Exercise Price, multiplied by the number Options being exercised. Any costs to be paid and any applicable Taxes due shall be deducted
from the amount to be received by the Option Holder. 

  

					
	Page 4 of 9	  	NXP Stock Option Program	  	October 25, 2012        










 Annex 

 

 Article 6 
 Non-transferability 
 The Options are strictly personal, and may not be assigned,
transferred, pledged, hypothecated, or otherwise encumbered or disposed of in any manner nor may any transaction be entered into with the same effect. For the avoidance of doubt, in case of death of the Option Holder during the Exercise Period, all
vested Options held by such Option Holder at the date of his death shall pass to such Option Holder’s heirs or legatees in accordance with applicable inheritance laws. The Option Holder may not engage in any transactions on any exchange on the
basis of any Options. 
 Article 7 
 Capital Adjustments in corporate events 
 NXP may make any equitable adjustment or
substitution of (a) the number or kind of Shares subject to the Options, and/or (b) the Exercise Price, as it, in its sole discretion, deems equitable to reflect any significant corporate event of or by NXP, for example a change in the
outstanding Shares by reason of any stock dividend or split, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other corporate change, or any distribution to holders of Shares other than regular cash dividends.

 The effect of the adjustment or substitution shall be to preserve both the aggregate difference and the aggregate ratio between the Exercise
Price and the fair market value of the Shares to be acquired upon exercise of the Options. The Option Holder shall be notified promptly of such adjustment or substitution. 
 Article 8 
 Costs and Taxes 

 

	1.	All costs of delivering any Shares under this Program to an Option Holder’s Custody Account and any other costs connected with the Shares shall be borne by the
Option Holder. 

  

	2.	Any and all taxes, duties, levies, charges or social security contributions (“Taxes”) which arise under any applicable national, state, local or
supra-national laws, rules or regulations, whether already effective on the Date of Grant of any Options or becoming effective thereafter, and any changes or modifications therein and termination thereof which may result for the Option Holder in
connection with this Program (including, but not limited to, the grant, the ownership and/or the exercise of the Options, and/or the delivery, ownership and/or the sale of any Shares acquired under this Program) shall be for the sole risk and
account of the Option Holder. 

  

	3.	NXP and its subsidiaries shall have the right to deduct or withhold (or cause to be deducted or withheld) from any salary payment or other sums due by NXP or any of its
subsidiaries to an Option Holder, or requiring the Option Holder or beneficiary of the Option Holder, to pay to NXP or any of its subsidiaries as indicated by NXP an amount necessary to settle any Taxes and any costs determined by NXP necessary to
be withheld in connection with this Program (including, but not limited to, the grant of the Options or the delivery of any Shares under this Program). 


  

					
	Page 5 of 9	  	NXP Stock Option Program	  	October 25, 2012        










 Annex 

 


	4.	NXP shall not be required to deliver any Shares and NXP may delay (or cause to be delayed) the transfer of any Shares to a Custody Account, until NXP has received an
amount, or the Option Holder has made such arrangements, required by NXP necessary to satisfy any withholding of any Taxes and any costs to be borne by the Option Holder in connection with this Program as determined by NXP. 


Article 9 

Lapse of Options at termination of employment 
  

	1.	Unvested Options shall lapse, on the earliest of the following occasions, without notice and without any compensation: 


 

	 	a.	if an Option Holder’s employment terminates and such Option Holder is no longer employed by any Employing Company; 


 

	 	b.	upon violation by the Option Holder of any provision of this Program or the Grant Letter in which case the Options shall lapse on the date of such violation (rather
than the date on which such violation comes to the attention of NXP). 

  

	2.	Vested Options shall lapse on the earliest of the following occasions, without notice and without any compensation: 


 

	 	a.	the tenth anniversary of the Date of Grant, subject to Article 9)(2)(e); 

  

	 	b.	if an Option Holder becomes a Bad Leaver (as defined in Article 9(4); 

  

	 	c.	if an Option Holder becomes a Good Leaver (as defined in Article 9(3), in which case the Options lapse on the earlier of (i) 10 years of the Date of Grant, or
(ii) 5 years from the date on which the Option Holder’s employment terminates; 

  

	 	d.	If an Option Holder becomes an Ordinary Leaver, in which case the Options lapse after 6 months from the date on which the Option Holder’s employment terminates;


  

	 	e.	If an Option Holder becomes a Good Leaver by reason of death or legal incapability, and the remaining Exercise Period with respect to the relevant Options is less than
12 months, the Options shall remain exercisable for a period of 12 months as of the date the Option Holder dies or becomes legal incapable; 

  

	 	f.	if an Option Holder is a Good Leaver and after termination of his employment breaches any of the covenants of his employment or service contract, in each case relating
to non-competition, confidentiality, non-solicitation or any other provision of his employment or the aforementioned agreements that survive the termination of his employment, in which case the Options lapse on the date of such breach (rather than
the date on which such breach comes to the attention of NXP); 

  

	 	g.	upon violation by the Option Holder of any provision of this Program or the Grant Letter, in which case the Options shall lapse on the date of such violation (rather
than the date on which such violation comes to the attention of NXP); 

  

	 	h.	when an Option is exercised in accordance with this Program; and, 

  

	 	i.	at the end of the Exercise Period. 


  

					
	Page 6 of 9	  	NXP Stock Option Program	  	October 25, 2012        










 Annex 

 


	3.	For purposes of this Program, a “Good Leaver” shall be an Option Holder whose employment with NXP or an Employing Company is terminated due to:


  

	 	a.	death; 

  

	 	b.	disability (i.e., the incapacity to continue employment due to ill health or disability under applicable local employment and social security legislation and
regulations); 

  

	 	c.	retirement in accordance with Article 9(6); or 

  

	 	d.	legal incapability. 

  

	4.	For purposes of this Program, a “Bad Leaver” shall be an Option Holder whose employment with NXP or an Employing Company is terminated (i) following the
Option Holder committing an act of theft, fraud or deliberate falsification of records in relation to his duties for NXP or the Employing Company, (ii) following the Option Holder being convicted of or pleading guilty to a serious criminal
offence (misdrijf) relating to his duties for NXP or the Employing Company (excluding any motoring or non-duty related minor offence), which act or criminal offence referred to in (i) and/or (ii) has a material adverse effect upon NXP or
the Employing Company, or (iii) with immediate effect because of an urgent cause (dringende reden) as referred to in article 7:678 of the Dutch Civil Codefor cause. 


 

	5.	For purposes of this Program, an “Ordinary Leaver” shall be an Option Holder whose employment with NXP or an Employing Company is terminated and who is not a
Bad Leaver or a Good Leaver. 

  

	6.	For purposes of Article 9(3)(c), an Option Holder’s is deemed to be retired if his employment is terminated and he is eligible to receive an immediate (early)
retirement benefit under an (early) retirement plan of an Employing Company under which such Option Holder was covered, provided that payment of such (early) retirement benefit commences immediately following such termination. In case no retirement
plan is provided by NXP in the country where the Option Holder resides, retirement will be determined in the context of local practice, including, but not limited to, eligibility to a state retirement plan. With respect to an Option Holder who is
eligible to participate in a U.S. retirement or pension plan and who is a not a party to a contract governing employment conditions or benefits with an entity which is domiciled outside of the United States, the Option Holder’s employment shall
be deemed terminated as a result of retirement if such Option Holder’s employment is terminated and, at the time of his or her termination of employment the Option Holder has at least five (5) years of service with an U.S. Employing
Company and has attained the age of fifty-five (55) years. 

 Article 10 

Delivery and Custody Account 
  

	1.	NXP may require an Option Holder to maintain a Custody Account in connection with this Program. Nothing contained in this Program shall obligate NXP to establish or
maintain or cause to establish or maintain a Custody Account for any Option Holder. The Option Holder will provide NXP with the details thereof. 


  

					
	Page 7 of 9	  	NXP Stock Option Program	  	October 25, 2012        










 Annex 

 


	2.	Shares obtained upon exercise of Options, will be delivered by NXP, as soon as reasonably practical after the exercise, to the Option Holder’s Custody Account.


  

	3.	In case the Option Holder has failed to notify NXP with de details of his Custody Account, the Option Holder shall be deemed to have requested NXP to sell or cause to
sell such corresponding Shares in accordance with Article 4(4)(a). 

 Article 11 

General Provisions 

Insider trading rules 
  

	1.	Each Option Holder shall comply with any applicable “insider trading” laws and regulations, including the “NXP Semiconductor N.V. rules on holding and
trading in NXP Securities”. 

 Authority for this Program 

 

	2.	NXP shall have the authority to interpret this Program, to establish, amend, and rescind any rules and regulations relating to this Program, to determine the terms and
conditions of any agreements entered into hereunder, to make all other determinations necessary or advisable for the administration of this Program. To the extent required by law, the general meeting of shareholders of NXP will be requested to adopt
or approve such changes. 

  

	3.	The terms and conditions in force from time to time are published on the NXP’ intranet and on the website of the administrator of this Program and apply to all
Options granted and the Shares obtained under this Program. NXP may delegate the authority to perform administrative and operational functions with respect to this Program to officers or employees of subsidiaries of NXP and to service providers.


 Shareholder rights 
  

	4.	No Option Holder shall have any rights or privileges of shareholders (including the right to receive dividends and to vote) with respect to Shares to be delivered
pursuant to the exercise of any Options until such Shares are actually delivered to him in accordance with Article 10 of this Program. 

 Non-recurring discretionary grant 
  

	5.	Eligibility and participation shall be at the sole discretion of NXP or the Employing Company and as such do not qualify as terms and conditions of employment. The
Grant in one year does not create rights for future years. 

  

	6.	Options granted, Shares obtained or cash received under this Program shall not be considered as compensation in determining an Option Holder’s benefits under any
benefit plan of an Employing Company, including but not limited to, group life insurance, long-term disability, family survivors, or any retirement, pension or savings plan. 


  

					
	Page 8 of 9	  	NXP Stock Option Program	  	October 25, 2012        










 Annex 

 


	7.	Nothing contained in this Program, Grant Letter or any agreement entered into pursuant hereto shall confer upon any Option Holder any right to be retained employed with
any Employing Company, or to be entitled to any remuneration or benefits not set forth in this Program or interfere with or limit in any way with the right of any Employing Company or any of its subsidiaries to terminate such Option Holder’s
employment or to discharge or retire any Option Holder at any time. 

 Miscellaneous 

 

	8.	If a provision of this Program is deemed illegal or invalid, the illegality or invalidity shall not affect the remaining parts of this Program, this Program shall be
construed as if the illegal or invalid provisions had not been included in this Program. 

  

	9.	Where the context requires, words in either gender shall include also the other gender. 

 Choice of law and forum 
  

	10.	This Program shall be governed by and construed in accordance with the laws of The Netherlands, without regard to its principles of conflict of laws. Any dispute
arising under or in connection with this Program shall be settled by the competent courts in Amsterdam, The Netherlands. 

  

•  •  •  •  • 

  

					
	Page 9 of 9	  	NXP Stock Option Program	  	October 25, 2012