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  Exhibit 10.9    
    

 
    SILICON LABORATORIES INC.
  2009 STOCK INCENTIVE PLAN
  
    PERFORMANCE STOCK UNITS GRANT NOTICE AND
  GLOBAL PSU AWARD AGREEMENT    
    

        Silicon Laboratories Inc., a Delaware corporation (the "Company"), pursuant to
its 2009 Stock Incentive Plan, as amended and restated (the "Plan"), hereby grants to the holder listed below (the
"Participant"), an award (the "Award") of Performance Stock Units (the
"Units"), each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth
herein and in the Global PSU Award Agreement attached hereto (the "Award Agreement"), including any country-specific terms and conditions set forth in
an addendum to such agreement (the "Addendum") the Plan, which are incorporated herein by reference.
With respect to a Participant who is a Covered Employee, the Award is intended to qualify as a Performance-Based Award and has been granted in accordance with Article 9 of the Plan. Unless
otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant Notice and the Award Agreement. 

 

  

			
	Participant:	 	

  
	
Grant Date:	
 	

  
	
Target Number of Units:	
 	

  
	
Maximum Number of Units:	
 	
                         , which is 200% of the Target Number of Units,
subject to adjustment as provided by the Award Agreement.
	
Base Year:	
 	
 The four completed fiscal quarters of the Company ending [INSERT DATE A], subject to Section 9.1 of the Award Agreement.
	
Performance Period:	
 	
 The four fiscal quarters of the Company ending [INSERT DATE B], subject to Section 9.1 of the Award Agreement.
	
Performance Criteria:	
 	
 Revenue Growth, as defined by the Award Agreement and rounded to the nearest 1/100th of 1%. Revenue Growth of less than 5% or more than 15% shall not be taken into account for purposes
of determining the Revenue Growth Factor.
	
Revenue Growth Factor:	
 	
 For the Performance Period, a percentage (rounded to the nearest 1% and not greater than 200% or less than 0%), determined as follows:

 

 

					
	 
	 	Revenue Growth 	 	Revenue Growth Factor 
	 
	 	5% or less	 	0%
	 
	 	10%	 	100%
	 
	 	15% or more	 	200%

 

 

  

			
	 	 	 The Revenue Growth Factor shall be prorated for Revenue Growth falling between 5% and 15%, with each credited 0.05% of Revenue Growth equal to a Revenue Growth Factor of 1%, as illustrated by Appendix A.
	
Eligible Units:	
 	
 The number of Eligible Units, if any (not to exceed the Maximum Number of Units) for the Performance Period, is determined following completion of the Performance Period and shall equal the product of
(i) the Target Number of Units and (ii) the Revenue Growth Factor determined for the Performance Period, as illustrated by Appendix A.

 

 

 

  

			
	Vesting Date:	 	 The nearest fifteenth (15th) day of the calendar month of February, May, August, or November that is the earlier of (a) the 3rd anniversary of the Grant Date or
(b) immediately follows the 3rd anniversary of the Grant Date.
	
Vested Units:	
 	
 Provided that the Participant's Service (as defined in Section 5.1 of the Award Agreement) has not terminated prior to the Vesting Date (except as otherwise provided by the Award Agreement), the
Eligible Units, if any, shall become Vested Units on the Vesting Date.
	
Settlement Date:	
 	
 For each Vested Unit, except as otherwise provided by the Award Agreement, a date occurring no later than ten (10) days following the Vesting Date.

 

         By
his or her signature below or by electronic acceptance or authentication in a form authorized by the Company, the Participant agrees to be bound by the terms and conditions of the
Plan, the Award Agreement, including the Addendum, and this Grant Notice. The Participant has reviewed the Award Agreement, the Addendum, the Plan and this Grant Notice in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully understands all provisions of this Grant Notice, the Award Agreement, the Addendum and the Plan. The
Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the Plan or relating to the Units. 

 

							
	 SILICON LABORATORIES INC.	 	 PARTICIPANT
	
 By:	
 	

  	
 	
By:	
 	

  
	Print Name:	 	

  	 	Print Name:	 	

  
	Title:	 	

  	 	 	 	 
	Address:	 	

  	 	Address:	 	

  
	 	 	

  	 	 	 	

  

 

 

 
 

  APPENDIX A    
    
    ILLUSTRATION OF REVENUE GROWTH FACTOR AND
  RESULTING NUMBER OF ELIGIBLE UNITS    
    

 

								
	Revenue Growth 	 	Revenue Growth

Factor 	 	Eligible Units

(Per 1,000 Target Units) 	 
	

 15% or more	 	 	200	%	 	2000	 
	14.95%	 	 	199	%	 	1990	 
	

 14.9%	 	 	198	%	 	1980	 
	14.8%	 	 	196	%	 	1960	 
	

 14.7%	 	 	194	%	 	1940	 
	14.6%	 	 	192	%	 	1920	 
	

 14.5%	 	 	190	%	 	1900	 
	14.4%	 	 	188	%	 	1880	 
	

 14.3%	 	 	186	%	 	1860	 
	14.2%	 	 	184	%	 	1840	 
	

 14.1%	 	 	182	%	 	1820	 
	14.0%	 	 	180	%	 	1800	 
	

 13.0%	 	 	160	%	 	1600	 
	12.0%	 	 	140	%	 	1400	 
	

 11.0%	 	 	120	%	 	1200 	 
	

 ​

 	​

	​

 	​

 	​

	​

 	​

 	​
	10.0%	 	 	100	%	 	1000 	 
	

 ​

 	​

	​

 	​

 	​

	​

 	​

 	​
	

 9.0%	 	 	80	%	 	800	 
	8.0%	 	 	60	%	 	600	 
	

 7.0%	 	 	40	%	 	400	 
	6.0%	 	 	20	%	 	200	 
	

 5.9%	 	 	18	%	 	180	 
	5.8%	 	 	16	%	 	160	 
	

 5.7%	 	 	14	%	 	140	 
	5.6%	 	 	12	%	 	120	 
	

 5.5%	 	 	10	%	 	100	 
	5.4%	 	 	8	%	 	80	 
	

 5.3%	 	 	6	%	 	60	 
	5.2%	 	 	4	%	 	40	 
	

 5.1%	 	 	2	%	 	20	 
	5.05%	 	 	1	%	 	10	 
	

 5% or less	 	 	0	%	 	0	 

 

 

 
 

  SILICON LABORATORIES INC.
  2009 STOCK INCENTIVE PLAN
  
    GLOBAL PSU AWARD AGREEMENT    
    

        Silicon Laboratories Inc. (the "Company") has granted to the Participant named
in the Performance Stock Units Grant Notice (the "Grant Notice") to which this Global PSU Award
Agreement (this "Award Agreement") is attached an Award consisting of Performance Stock Units (the
"Units") subject to the terms and conditions set forth in the Grant Notice and this Award Agreement, including any country-specific terms and conditions
set forth in an addendum to such agreement (the "Addendum"). The Award has been granted pursuant to the Silicon Laboratories Inc. 2009 Stock
Incentive Plan, as amended and restated (the "Plan"), as amended to the Grant Date, the provisions of
which are incorporated herein by reference. 

        Unless
otherwise defined herein or in the Grant Notice, capitalized terms shall have the meanings assigned under the Plan. 

        1.    THE
AWARD.    

        The
Company hereby awards to the Participant the Target Number of Units set forth in the Grant Notice, which, depending on the extent to which a Performance Goal (as described by Plan)
is attained during the Performance Period, may result in the Participant having the opportunity to earn as little as zero (0) Units or as many as the Maximum Number of Units. Subject to the
terms of this Award Agreement and the Plan, each Unit, to the extent it becomes a Vested Unit, represents a right to receive one (1) share of Common Stock (a
"Share") on the Settlement Date. If the Participant is or may
be a Covered Employee, the Units are intended to constitute Qualified Performance-Based Compensation. Unless and until a Unit has been determined to be an Eligible Unit and has vested and become a
Vested Unit as set forth in the Grant Notice, the Participant will have no right to settlement of such Units. Prior to settlement of any Units, such Units will represent an unfunded and unsecured
obligation of the Company. 

        2.    MEASUREMENT OF PERFORMANCE
CRITERIA.    

        Subject
to Section 9.1, the Performance Criteria shall be determined for Performance Period in accordance with the following: 

        2.1   "Revenue" means the total revenue recognized in the Company's consolidated financial statements
in accordance with United States generally accepted accounting principles ("GAAP") for the applicable period minus any such revenue resulting from the sale of patents. 

        2.2   "Revenue Growth" means a percentage (rounded to the nearest 1/100th of 1%)
determined by the quotient of (a) the excess, if any, of Revenue for the Performance Period over Revenue for the Base Year divided by (ii) Revenue for the Base Year. Revenue Growth of
less than 5% or more than 15% shall not be taken into account for purposes of determining the Revenue Growth Factor. 

        3.    COMMITTEE CERTIFICATION OF ELIGIBLE
UNITS.    

        3.1    Level of Performance Criteria Attained.    As soon as practicable following completion of the Performance
Period but in any event no later than the Vesting Date, the Committee shall determine and certify in writing (a) the level of attainment of the Performance Criteria during the Performance
Period, (b) the resulting Revenue Growth Factor for the Performance Period and (c) the number of Units which have become Eligible Units for the Performance Period. In the case of Units
that are intended to constitute Qualified Performance-Based Compensation, the Committee may not increase the number of Units that may become Eligible Units to a number that is greater than the number
of Eligible Units determined in accordance with the foregoing sentence, but it retains the sole discretion to reduce the number of Units that would otherwise become Eligible Units based on the
attainment level of the Performance Criteria. For Units that are not intended to constitute Qualified Performance- 

 

Based
Compensation, the Committee may make such adjustment to the Performance Criteria as the Committee in its sole discretion deems appropriate. 

        3.2    Adjustment for Leave of Absence or Part-Time Work.    Unless otherwise required by law or Company policy, if
the Participant takes a leave of absence or commences working on a part-time basis during the Performance Period, the Committee may, in its discretion, reduce on a pro rata basis (reflecting the
portion of the Performance Period worked by the Participant on a full-time equivalent basis) the number of Units which would otherwise become Eligible Units, or provide that the number of Units which
would otherwise become Eligible Units shall be reduced as provided by the terms of an agreement between the Participant and the Company pertaining to the Participant's leave of absence or part-time
schedule. 

        4.    VESTING OF ELIGIBLE
UNITS.    

        4.1    Normal Vesting.    Except as otherwise provided by this Award Agreement, Eligible Units shall vest and become
Vested Units as provided in the Grant Notice. 

        4.2    Vesting Upon a Change in Control.    In the event of a Change in Control before the end of the Performance
Period as set forth in the Grant Notice, the vesting of Eligible Units shall be determined in accordance with Section 9.1. 

        4.3    Vesting Upon Involuntary Termination Following a Change in Control.    In the event that upon or within
eighteen (18) months following the effective date of a Change in Control, the Participant's Service (as defined in Section 5.1 below) terminates due to Involuntary Termination, the
vesting of Eligible Units shall be determined in accordance with Section 9.2. 

        5.    TERMINATION OF
SERVICE.    

        5.1    General Rule.    In the event that prior to the Vesting Date the Participant ceases to provide services to the
Company (or any Subsidiary or Affiliate) in the capacity of an Employee, Director or Consultant (collectively referred to herein as "Service") for any
reason, with or without cause, other than by reason of the Participant's termination of Service described in Section 4.3, the Participant shall forfeit all Units which are not, as of the time
of such termination, Vested Units, and the Participant shall not be entitled to any payment therefor. 

        5.2    Determination of Termination Date.    For purposes of this Award Agreement, the date of termination of the
Participant's Service shall be the date upon which the Participant ceases active performance of services for the Company, a Subsidiary or Affiliate, as determined by the Company following the
provision of such notification of termination or resignation from Service and shall be determined solely by this Award Agreement and without reference to any other agreement, written or oral,
including the Participant's contract of employment (if any). Thus, in the event of termination of the Participant's Service (regardless of the reason for such termination and whether or not later to
be found invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant's employment contract, if any), and unless otherwise expressly
provided in this Agreement or determined by the Company, the Participant's right to vest in the Units under the Plan, if any, will terminate as of such date and will not be extended by any notice
period (e.g., the 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 the Participant is employed or the terms of the Participant's employment contract, if any). The Committee shall have the exclusive discretion to determine when the Participant is no
longer actively providing services for purposes of this Award Agreement (including whether the Participant may still be considered to be providing services while on a leave of absence). 

2

 

        6.    SETTLEMENT OF THE
AWARD.    

        6.1    Issuance of Shares of Common Stock.    Subject to the provisions of Section 6.3
and Section 7 below, the Company shall issue to the Participant on the Settlement Date with respect to each Vested Unit to be settled on such date one (1) Share. Shares issued in
settlement of Vested Units shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 6.3. 

        6.2    Beneficial Ownership of Shares; Certificate Registration.    The Participant hereby
authorizes the Company, in its sole discretion, to deposit for the benefit of the Participant with a Company-designated brokerage firm or, at the Company's discretion, any other broker with which the
Participant has an account relationship of which the Company has notice any or all Shares acquired by the Participant pursuant to the settlement of the Award. Except as provided by the preceding
sentence, a certificate for the Shares as to which the Award is settled shall be registered in the name of the Participant. 

        6.3    Restrictions on Grant of the Award and Issuance of Shares.    The grant of the Award
and issuance of shares of Common Stock upon settlement of the Award shall be subject to compliance with all applicable requirements of U.S. federal, state or foreign law with respect to such
securities. No Shares may be issued hereunder if the issuance of such Shares would constitute a violation of any applicable U.S. federal, state or foreign securities laws or other laws or regulations
or the requirements of any stock exchange or market system upon which the Common Stock may then be listed. The inability of
the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company's legal counsel to be necessary to the lawful issuance of any Shares subject to the
Award shall relieve the Company of any liability in respect of the failure to issue such Shares as to which such requisite authority shall not have been obtained. As a condition to the settlement of
the Award, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any
representation or warranty with respect thereto as may be requested by the Company. Further, regardless of whether the transfer or issuance of the Shares to be issued pursuant to the Units has been
registered under the Securities Act or has been registered or qualified under the securities laws of any State, the Company may impose additional restrictions upon the sale, pledge, or other transfer
of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company's transfer agent) if, in the judgment of the Company
and the Company's counsel, such restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any State, or any other law. 

        6.4    Fractional Shares.    The Company shall not be required to issue fractional Shares upon
the settlement of the Award. 

        7.    TAX WITHHOLDING AND
ADVICE.    

        7.1    In General.    The Participant acknowledges that, regardless of any action taken by the Company or, if
different, the Participant's employer (the "Employer"), the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax,
payment on account or other tax-related items related to the Participant's participation in the Plan and legally applicable to the Participant or deemed by the Company or the Employer in its
discretion to be an appropriate charge to the Participant even if legally applicable to the Company or the Employer ("Tax-Related Items"), is and
remains the Participant's responsibility and may exceed the amount actually withheld by the Company or the Employer. The Participant further acknowledges that the Company and/or the Employer
(i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Units, including, but not limited to, the grant, vesting or
settlement of the Units, the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends; and (ii) do not commit to and are under no obligation to structure
the terms of the grant or 

3

 

any
aspect of the Units to reduce or eliminate the Participant's liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant is subject to Tax-Related Items in
more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, as applicable, the Participant acknowledges that the Company and/or the Employer (or
former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

        7.2    Withholding of Taxes.    Prior to any relevant taxable or tax withholding event, as applicable, the Participant
agrees to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items (including hypothetical withholding tax amounts if the Participant is covered
under a Company tax equalization policy). In this regard, the Participant authorizes the Company or its agent to satisfy the obligations with regard to all Tax-Related Items by withholding in Shares
to be issued upon settlement of the Units. In the event that such withholding in Shares is problematic under applicable tax or securities law or has materially adverse accounting consequences, by the
Participant's acceptance of the Units, the Participant authorizes and directs the Company and any brokerage firm determined acceptable to the Company to sell on the Participant's behalf a whole number
of Shares from those Shares issued to the Participant as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the obligation for Tax-Related Items. 

        Depending
on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable
withholding rates, including maximum applicable rates, in which case the Participant will receive a refund of any over-withheld amount in cash and will have no entitlement to the Common Stock
equivalent. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Participant is deemed to have been issued the full number of Shares subject to the
vested Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items. 

        If
the Participant is covered by a Company tax equalization policy, the Participant agrees to pay to the Company any additional hypothetical tax obligation calculated and paid under the
terms and conditions of such tax equalization policy. Finally, the Participant agrees to pay to the Company or the Employer, including through direct payment from the Participant and/or withholding
from the Participant's wages or other cash compensation paid to the Participant by the Company and/or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to
withhold or account for as a result of the Participant's participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or
the proceeds of the sale of Shares, if the Participant fails to comply with the Participant's obligations in connection with the Tax-Related Items. 

        7.3    Tax Advice.    The Participant represents, warrants and acknowledges that the Company has made no warranties or
representations to the Participant with respect to the income tax, social contributions or other tax consequences of the transactions contemplated by this Award Agreement, and the Participant is in no
manner relying on the Company or the Company's representatives for an assessment of such tax consequences. THE PARTICIPANT UNDERSTANDS THAT THE TAX AND SOCIAL SECURITY LAWS AND REGULATIONS ARE SUBJECT
TO CHANGE. THE PARTICIPANT IS HEREBY ADVISED TO CONSULT WITH HIS OR HER OWN PERSONAL TAX, LEGAL AND FINANCIAL ADVISORS REGARDING THE PARTICIPANT'S PARTICIPATION IN THE PLAN BEFORE TAKING ANY ACTION
RELATED TO THE PLAN. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER PENALTIES. 

4

 

        8.    AUTHORIZATION TO RELEASE NECESSARY PERSONAL
INFORMATION.    

        The Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Participant's personal data
as described in this Award Agreement, the Appendix and any other Award grant materials ("Data") by and among, as applicable, the Employer, the Company and its Subsidiaries and Affiliates for the
exclusive purpose of implementing, administering and managing the Participant's participation in the Plan.

        The Participant understands that the Company and the Employer may hold certain personal information about the Participant, including, but not limited to, the
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 Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in the Participant's favor, for the exclusive purpose of implementing,
administering and managing the Plan.

        The Company's equity compensation plan recordkeeper is Fidelity Stock Plan Services, LLC (the "Recordkeeper"). The Participant understands that Data will
be transferred to the Recordkeeper or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and
management of the Plan. The Participant understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipients' country (e.g., the United States)
may have different data privacy laws and protections than the Participant's country. The 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 the Company's stock administration department. The Participant authorizes the Company, the Recordkeeper 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. The Participant understands that Data will be held only as long as is
necessary to implement, administer and manage the Participant's participation in the Plan. The 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 the Company's stock administration department. Further, the Participant understands that he or she is providing the consents herein on a purely voluntary basis. If the
Participant does not consent, or if the Participant later seeks to revoke his or her consent, his or her employment status or service and career with the Employer will not be adversely affected; the
only adverse consequence of refusing or withdrawing the Participant's consent is that the Company would not be able to grant the Participant Units or other equity awards or administer or maintain such
awards. Therefore, the Participant understands that refusing or withdrawing his or her consent may affect the Participant's ability to participate in the Plan. For more information on the consequences
of the Participant's refusal to consent or
withdrawal of consent, the Participant understands that he or she may contact the Company's stock administration department.

        9.    CHANGE IN
CONTROL.    

        9.1    Effect of Change in Control on Award.    In the event of a Change in Control before the end of the Performance
Period as set forth in the Grant Notice, the Performance Period shall end on the day immediately preceding the Change in Control (the "Adjusted Performance
Period"). The number of Eligible Units and the vesting of those Units shall be determined for the Adjusted Performance Period in accordance with the following: 

        (a)    Eligible Units.    The number of Eligible Units for the Adjusted Performance Period, if
any (not to exceed the Maximum Number of Units), shall equal the product of (i) the Target Number of Units and (ii) the Revenue Growth Factor for the Adjusted Performance Period, taking 

5

 

into
account the following modifications to the Performance Criteria and the Revenue Growth Factor for the Adjusted Performance Period: 

          (i)  The
Revenue Growth for the Adjusted Performance Period (the "Adjusted Revenue Growth") shall be determined by comparison
of the Revenue for the full fiscal quarters of the Adjusted Performance Period, if any, completed on or before the consummation of the Change in Control (the "Adjusted
Performance Period Revenue") to the same full fiscal quarters contained in the Base Year (the "Adjusted Base Year Revenue").
Accordingly, the Adjusted Revenue Growth shall mean a percentage (rounded to the nearest 1/100th of 1%) determined by the quotient of (a) the excess, if any, of the
Adjusted Performance Period Revenue over the Adjusted Base Year Revenue divided by (ii) the Adjusted Base Year Revenue. Adjusted Revenue Growth of less than 5% or more than 15% shall not be
taken into account for purposes of determining the Revenue Growth Factor for Adjusted Performance Period. 

         (ii)  The
Revenue Growth Factor for the Adjusted Performance Period shall be determined with respect to the Adjusted Revenue Growth. 

        (iii)  For
the avoidance of doubt, if the Change in Control is completed before the completion of at least one full fiscal quarter during the Adjusted Performance Period, the
number of Eligible Units shall be zero. 

        (b)    Vested Units.    As of the last day of the Adjusted Performance Period and provided
that the Participant's Service has not terminated prior to such date, a portion of the Eligible Units determined in accordance with Section 9.1(a) shall become Vested Units (the
"Accelerated Units"), with such portion determined by multiplying the total number of Eligible Units by a fraction, the numerator of which equals the
number of days contained in the Adjusted Performance Period and the denominator of which equals the number of days contained in the original Performance Period determined without regard to this
Section. The Accelerated Units shall be settled in accordance Section 6 immediately prior to the consummation of the Change in Control. Except as otherwise provided by Section 9.2, that
portion of the Eligible Units determined in accordance with Section 9.1(a) in excess of the number of Accelerated Units shall become Vested Units on the Vesting Date of the original Performance
Period determined without regard to this Section, provided that the Participant's Service has not terminated prior to such Vesting Date. Such Vested Units shall be settled on the Settlement Date in
accordance with Section 6, provided that payment for each Vested Unit shall be made in the amount and in the form of the consideration (whether stock, cash, other securities or property or a
combination thereof) to which a holder of a Share on the effective date of the Change in Control was entitled (and if holders were offered a choice of consideration, the type of consideration chosen
by the holders of a majority of the outstanding Shares). 

        9.2    Involuntary Termination Following Change in Control.    In the event that upon or within eighteen
(18) months following the effective date of the Change in Control, the Participant's Service terminates due to Involuntary Termination, the vesting of the Eligible Units determined in
accordance with Section 9.1(a) in excess of the number of Accelerated Units shall be deemed Vested Units effective as of the date of the Participant's Involuntary Termination and shall be
settled in accordance with Section 6, treating the date of the Participant's termination of Service as the Vesting Date, and provided that payment for each Vested Unit shall be made in the
amount and in the form of the consideration (whether stock, cash, other securities or property or a combination thereof) to which a holder of a Share on the effective date of the Change in Control was
entitled (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares). 

6

 

        10.    ADJUSTMENTS FOR CHANGES IN CAPITAL
STRUCTURE.    

        The
number of Units awarded pursuant to this Award Agreement (both the Target Number of Units and Maximum Number of Units) is subject to adjustment as provided in Article 11 of
the Plan. Upon
the occurrence of an event described in Article 11 of the Plan, any and all new, substituted or additional securities or other property to which a holder of a Share issuable in settlement of
the Award would be entitled shall be immediately subject to the Award Agreement and included within the meaning of the term "Shares" for all purposes of the Award. The Participant shall be notified of
such adjustments and such adjustments shall be binding upon the Company and the Participant. 

        11.    NO ENTITLEMENT OR CLAIMS FOR
COMPENSATION.    

        11.1    Nature of the Grant.    In accepting the Award, the Participant acknowledges, understands and agrees that: 

        (a)   the
Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, to
the extent permitted by the Plan; 

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

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

        (d)   the
Units grant and the Participant's participation in the Plan shall not create a right to employment or be interpreted as forming an employment or services contract
with the Company, the Employer or any Subsidiary or Affiliate and shall not interfere with the ability of the Company, the Employer or any Subsidiary or Affiliate, as applicable, to terminate the
Participant's employment or service relationship (if any); 

        (e)   the
Participant is voluntarily participating in the Plan; 

        (f)    the
Units and the Shares subject to the Units are not intended to replace any pension rights or compensation; 

        (g)   the
Units and the Shares subject to the 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; 

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

        (i)    no
claim or entitlement to compensation or damages shall arise from forfeiture of the Units resulting from the termination of the Participant's employment or other
service relationship (for any reason whatsoever whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the
Participant's employment contract, if any), and in consideration of the grant of the Units to which the Participant is otherwise not entitled, the Participant irrevocably agrees never to institute any
claim against the Company, any of its Subsidiaries or Affiliates or the Employer, waives his or her ability, if any, to bring any such claim, and releases the Company, its Subsidiaries and Affiliates
and the Employer 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, the 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; 

7

 

        (j)    unless
otherwise provided in the Plan or determined by the Company in its discretion, the Units and the benefits evidenced by this Award Agreement do not create any
entitlement to have the 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 of the Company; and 

        (k)   the
following provisions apply only if the Participant is providing services outside the United States: 

          (i)  the
Units and the Shares subject to the Units are not part of normal or expected compensation or salary for any purpose; and 

         (ii)  the
Participant acknowledges and agrees that neither the Company, the Employer nor any Subsidiary or Affiliate shall be liable for any foreign exchange rate fluctuation
between the Participant's local currency and the United States Dollar that may affect the value of the Units or of any amounts due to the Participant pursuant to the settlement of the Units or the
subsequent sale of any Shares acquired upon settlement. 

        12.    RIGHTS AS A STOCKHOLDER.    

        The
Participant shall have no rights as a stockholder with respect to any Shares which may be issued in settlement of this Award until the date of the issuance of a certificate for such
Shares or the deposit of such Shares in a brokerage account (as evidenced by the appropriate entry on the books of the
Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date the Shares are
issued, except as provided in Section 10. 

        13.    MISCELLANEOUS PROVISIONS.    

        13.1    Amendment.    The Committee may amend this Award Agreement at any time; provided, however, that no such
amendment may adversely affect the Participant's rights under this Award Agreement without the consent of the Participant, except to the extent such amendment is desirable or necessary to comply with
applicable law, including, but not limited to, Code Section 409A as further provided in the Plan. No amendment or addition to this Award Agreement shall be effective unless in writing. 

        13.2    Nontransferability of the Award.    Prior to the issuance of Shares on the applicable Settlement Date, no
right or interest of the Participant in the Award nor any Shares issuable on settlement of the Award shall be in any manner pledged, encumbered, or hypothecated to or in favor of any party other than
the Company or a Subsidiary or Affiliate or shall become subject to any lien, obligation, or liability of such Participant to any other party other than the Company, or a Subsidiary or Affiliate.
Except as otherwise provided by the Committee, no Award shall be assigned, transferred or otherwise disposed of other than by will or the laws of descent and distribution. All rights with respect to
the Award shall be exercisable during the Participant's lifetime only by the Participant or the Participant's guardian or legal representative. 

        13.3    Further Instruments and Imposition of Other Requirements.    The parties hereto agree to execute such further
instruments and to take such further action as may reasonably be necessary to carry out the intent of this Award Agreement. The Company reserves the right to impose other requirements on Participant's
participation in the Plan, on the Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. Furthermore, the Participant acknowledges that the laws of the country in which the Participant is working at the time of grant, vesting and settlement of the Units or the
sale of Shares received pursuant to this Award Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject the 

8

 

Participant
to additional procedural or regulatory requirements that the Participant is and will be solely responsible for and must fulfill. 

        13.4    Binding Effect.    This Award Agreement shall inure to the benefit of the successors and assigns of the
Company and, subject to the restrictions on transfer set forth herein, be binding upon the Participant and the Participant's heirs, executors, administrators, successors and assigns. 

        13.5    Notices.    Any notice required to be given or delivered to the Company under the terms of this Award
Agreement shall be in writing and addressed to the Company at its principal corporate offices. Any notice required to be given or delivered to the Participant shall be in writing and addressed to the
Participant at the address maintained for the Participant in the Company's records or at the address of the local office of the Company or of a Subsidiary or Affiliate at which the Participant works. 

        13.6    Construction of Award Agreement.    The Grant Notice, this Award Agreement, and the Units evidenced hereby
(i) are made and granted pursuant to the Plan and are in all respects limited by and subject to the terms of the Plan, and (ii) constitute the entire agreement between the Participant
and the Company on the subject matter hereof and supersede all proposals, written or oral, and all other communications between the parties related to the subject matter. All decisions of the
Committee with respect to any question or issue arising under the Grant Notice, this Award Agreement or the Plan shall be conclusive and binding on all persons having an interest in the Units. 

        13.7    Governing Law and Venue.    The interpretation, performance and enforcement of this Award Agreement shall be
governed by the laws of the State of Texas, U.S.A. without regard to the conflict-of-laws rules thereof or of any other jurisdiction. For purposes of litigating any dispute that arises under this
grant or this Award Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Texas, agree that such litigation shall be conducted in the courts of Travis County, Texas,
or the federal courts for the United States for the Western District of Texas, where this grant is made and/or to be performed. 

        13.8    Section 409A.    

        (a)    Compliance with Code Section 409A.    Notwithstanding any other provision of the Plan, this Award
Agreement or the Grant Notice, the Plan, this Award Agreement and the Grant Notice shall be interpreted in accordance with, and incorporate the terms and conditions required by, Code
Section 409A (together with any Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that
may be issued after the date hereof). The vesting and settlement of Units awarded pursuant to this Award Agreement are intended to qualify for the "short-term deferral" exemption from
Section 409A of the Code and the terms of this Award Agreement shall be interpreted in compliance with this intention. The Company reserves the right, to the extent the Company deems necessary
or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Award Agreement or the Grant Notice or adopt other policies and procedures (including amendments, policies and
procedures with retroactive effect), or take any other actions, including amendments or actions that would result in a reduction in benefits payable under the Award, as the Committee determines are
necessary or appropriate to ensure that the Units qualify for exemption from or comply with Code Section 409A or mitigate any additional tax, interest and/or penalties or other adverse tax
consequences that may apply under Section 409A of the Code; provided, however, that the Company
makes no representations that the Units will be exempt
from Code Section 409A and makes no undertaking to preclude Code Section 409A from applying to the Units. 

        (b)    Separation from Service; Required Delay in Payment to Specified Employee.    Notwithstanding anything set forth
herein to the contrary, if the Participant is a U.S. taxpayer, no amount payable pursuant to this Agreement on account of the Participant's termination of Service 

9

 

which
constitutes a "deferral of compensation" within the meaning of Code Section 409A shall be paid unless and until the Participant has incurred a "separation from service" within the meaning
of Code Section 409A. Furthermore, to the extent that the Participant is a "specified employee" within the meaning of Code Section 409A as of the date of the Participant's separation
from service, no amount that constitutes a deferral of compensation which is payable on account of the Participant's separation from service shall paid to the Participant before the date (the  "Delayed Payment Date") which is the first day of the seventh month after the date of the Participant's
separation from service or, if earlier, the date of the Participant's death following such separation from service. All such amounts that would, but for this Section, become payable prior to the
Delayed Payment Date will be accumulated and paid on the Delayed Payment Date. 

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

        13.10    Counterparts.    The Grant Notice may be executed in counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. 

        13.11    Severability.    If any provision of this Award Agreement is held to be unenforceable for any reason, it
shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Award Agreement shall be deemed
valid and enforceable to the full extent possible. 

        13.12    Language.    If the Participant has received this Award Agreement or any other document related to the Plan
in a language other than English and the meaning of the translated version is different from the English version, the English version will control. 

        13.13    Electronic Delivery and Acceptance.    The Company may, in its sole discretion, decide to deliver any
documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the
Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company. 

        13.14    Waiver.    The Participant acknowledges that a waiver by the Company of breach of any provision of this Award
Agreement shall not operate or be construed as a waiver of any other provision of this Award Agreement, or of any subsequent breach by the Participant or any other award recipient. 

        13.15    Addendum.    Notwithstanding any provisions in this Award Agreement, the grant of Units shall be subject to
any special terms and conditions set forth in any Addendum to this Award Agreement for the Participant's country of residence. Moreover, if the Participant relocates to one of the countries included
in the Addendum, the special terms and conditions for such country will apply to the Participant, to the extent the Company determines that the application of such terms and conditions is necessary or
advisable for legal or administrative reasons and, in such event, the Company reserves the right to require the Participant to sign any additional agreements or undertakings that may be necessary to
accomplish the foregoing. The Addendum is hereby incorporated by reference as part of this Award Agreement. 

        13.16    Clawback/Recovery.    The Units and any Shares, cash or other property issued in settlement of the Units will
be subject to recoupment in accordance with any clawback policy that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the
Company's securities are listed or as is otherwise required by the Dodd-Frank Wall Street 

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Reform
and Consumer Protection Act or other applicable law. In addition, the Committee may impose such other clawback, recovery or recoupment provisions on an Award as the Committee determines
necessary or appropriate, including, but not limited to, a reacquisition right in respect of previously acquired Shares or other cash or property upon the occurrence of cause (as determined by the
Committee). 

11

 

 
 

  SILICON LABORATORIES INC.
  2009 STOCK INCENTIVE PLAN
  
    ADDENDUM TO
  GLOBAL PSU AWARD AGREEMENT    
    

Terms and Conditions  

        This Addendum includes additional terms and conditions that govern the award of Performance Stock Units
("Units") to the Participant by Silicon Laboratories Inc. (the "Company") under the Silicon
Laboratories Inc. 2009 Stock Incentive Plan, as amended and restated (the "Plan") if the
Participant resides in one of the countries listed below. Capitalized terms not explicitly defined in this Addendum but defined in the Plan or the Global PSU Award Agreement (the  "Award
Agreement") shall have the same definitions as in the Plan, the Grant Notice and/or the Award
Agreement, as applicable. 

Notifications  

        This Addendum also includes information regarding exchange control and other issues of which the Participant should be aware with
respect to the Participant's participation in the Plan. The information is based on the exchange control, securities and other laws in effect in the respective countries as of January 2016. Such laws
are often complex and change frequently. As a result, the Company strongly recommends that the Participant not rely on the information herein as the only source of information relating to the
consequences of participation in the Plan because the information may be out of date at the time that the Units vest or the shares of the common stock
("Shares") are sold. 

        In
addition, the information contained herein is general in nature and may not apply to the Participant's particular situation and the Company is not in a position to assure the
Participant of a particular result. Accordingly, the Participant is advised to seek appropriate professional advice as to how the relevant laws in the Participant's country may apply to the
Participant's situation. 

        Finally,
the Participant understands that if he or she is a citizen or resident of a country other than the one in which the Participant is currently working, transfers employment after
the Grant Date, or is considered a resident of another country for local law purposes, the information contained herein may not apply to the Participant, and the Company shall, in its discretion,
determine to what extent the terms and conditions contained herein shall apply. 

UNITED STATES  

Terms and Conditions  

         Death of the Participant.    Notwithstanding Sections 5.1 and 5.2 of the Award Agreement, if the Participant ceases Service prior to
the Vesting
Date by reason of his or her death prior to the Vesting Date, the Participant shall not forfeit the Award. In such case, the number of Eligible Units shall be determined as of the end of the
Performance Period in accordance with Section 3, and all such Eligible Units shall be deemed Vested Units upon the Committee's certification in accordance with Section 3.1 and settled in
accordance with Section 6 as if the Participant's Service had continued through the Vesting Date. The Shares due in settlement of such Vested Units shall be issued to the personal
representative of the Participant's estate, the person or persons to whom the Award is transferred pursuant to the Participant's will or in accordance with the laws of descent and distribution
(collectively referred to herein as the "Participant's Heirs"). If the Participant dies prior to the end of an Adjusted Performance Period (as described
in Section 9.1), which becomes applicable as a result of a Change in Control occurring before the end of the Performance Period as set forth in the Grant Notice, then the number of Eligible
Units will be determined as of the end of the Adjusted Performance Period in accordance with Section 9.1(a), and all such Eligible Units shall be deemed Vested Units upon the 

12

 

Committee's
certification in accordance with Section 3.1 and settled in accordance with Section 6 immediately prior to the consummation of the Change in Control. 

        Issuance of Shares of Common Stock.    The following sentence replaces the first sentence in Section 6.1 of the Award Agreement.

        Subject
to the provisions of Section 6.3 and Section 7 below, the Company shall issue to the Participant (or, if applicable, the Participant's Heirs), on the Settlement
Date with respect to each Vested Unit to be settled on such date one (1) Share. 

         Beneficial Ownership of Shares; Certificate Registration.    The following sentence replaces the last sentence in Section 6.2 of the
Award
Agreement. 

        Except
as provided by the preceding sentence, a certificate for the Shares as to which the Award is settled shall be registered in the name of the Participant, or, if applicable, in the
names of the Participant's Heirs. 

13

QuickLinks

Exhibit 10.9

SILICON LABORATORIES INC. 2009 STOCK INCENTIVE PLAN PERFORMANCE STOCK UNITS GRANT NOTICE AND GLOBAL PSU AWARD AGREEMENT

APPENDIX A ILLUSTRATION OF REVENUE GROWTH FACTOR AND RESULTING NUMBER OF ELIGIBLE UNITS

SILICON LABORATORIES INC. 2009 STOCK INCENTIVE PLAN GLOBAL PSU AWARD AGREEMENT

SILICON LABORATORIES INC. 2009 STOCK INCENTIVE PLAN ADDENDUM TO GLOBAL PSU AWARD AGREEMENTExhibit

CONSOL ENERGY INC.

EMPLOYEE NONQUALIFIED STOCK OPTION AGREEMENT (“AGREEMENT”)

1.Nonqualified Stock Option. The Option granted is intended to be a Non-Qualified Stock Option and not an Incentive Stock Option under section 422 of the Internal Revenue Code, as amended (the “Code”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the CONSOL Energy Inc. Equity Incentive Plan (the “Plan”) or the cover sheet to which this Agreement is attached. 

2.Vesting. Subject to Section 4 hereof, one-third of the Option shall vest and become exercisable as of the first anniversary of the Date of Option Grant (“Grant Date”) and an additional one-third of the Option shall vest and become exercisable on each of the second and third anniversaries of the Grant Date. For purposes of this Agreement, the term “Vested Portion” of the Option means that portion which: (i) shall have become exercisable pursuant to the terms of this Agreement; (ii) shall not have been previously exercised; and (iii) shall not have expired, been forfeited or otherwise canceled in accordance with the terms hereof or the Plan. For purposes of this Agreement, the term “Non-Vested Portion” of the Option means that portion of the Option that is not vested or exercisable and which has not otherwise expired, been forfeited or canceled in accordance with the terms hereof or the Plan.

3.Exercise of Option. 

(a)Subject to the provisions of the Plan and this Agreement (including Section 4 hereof), the Optionee may exercise all or any part of the Vested Portion of the Option at any time prior to the tenth anniversary of the Grant Date (the “Expiration Date”); provided that the Option may be exercised with respect to whole Shares only. In no event shall the Option be exercisable on or after the Expiration Date.

(b)To the extent set forth in subparagraph (a) above, the Option may be exercised by delivering to the Company at its principal office, or to such other location designated by the Company, written notice of intent to exercise. Such notice shall specify the number of Shares for which the Option is being exercised and shall be accompanied by payment in full, or adequate provision therefor, of the aggregate Exercise Price Per Share (“Exercise Price”), and any applicable withholding tax and fees. In accordance with the administrative procedures established by the Company, the payment of the Exercise Price shall be made as indicated by Optionee on the election form: (i) in cash; (ii) by certified check or bank draft payable to the order of the Company; (iii) by personal check payable to the order of the Company; (iv) by tendering Shares, actually or constructively (and which are not subject to any pledge or other security interest); or (v) by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the Fair Market Value of any such Shares so tendered to the Company as of the date of such tender is at least equal to the Exercise Price. The Optionee may also elect to pay all or any portion of the Exercise Price by having Shares with a Fair Market Value on the date of exercise equal to the Exercise Price withheld by the Company or sold by a broker-dealer. Subject to the preceding sentence, the Optionee may elect to sell all Shares to cover Option costs, taxes, and fees, and any remaining funds will be issued to Optionee. The payment of withholding tax shall be subject to Section 8 of this Agreement.

(c)Notwithstanding any other provision of the Plan or this Agreement to the contrary, no Option may be exercised prior to the completion of any registration or qualification of such Option or the Shares under applicable state and federal securities or other laws, or under any ruling or regulation of any government body or national securities exchange, that the Board shall in its sole discretion determine to be necessary or advisable.

(d)Upon the Company’s determination that the Option has been validly exercised as to any of the Shares, the Company shall issue or cause to be issued as promptly as practicable certificates in the Optionee’s name for such Shares. However, the Company shall not be liable to the Optionee for damages relating to any delays in issuing the certificates or in the certificates themselves.

4.Termination of Employment.

(a)Except as otherwise provided herein, in the event that Optionee’s employment with the Company (including any Affiliate) is terminated for Cause (or in the event that the Optionee breaches any of the covenants set forth in Sections 9 and 10 below), the Option (whether vested or unvested) shall be deemed canceled and forfeited in its entirety on the date of the Optionee’s termination of employment or breach of covenant, as applicable. In addition, any Option exercised during the six month period prior to such termination of employment or breach of covenant, as applicable, shall be rescinded. Within ten (10) days after receiving notice of a rescission, the Optionee shall pay to the Company an amount in cash equal to the gain realized by the Optionee upon exercise of the Option. Such notice may be given at any time within one year from the date of such exercise.

(b)Except as otherwise provided herein, in the event that the Optionee’s employment with the Company (including any Affiliate) is terminated for any other reason, including terminated by the Optionee voluntarily, due to Disability or by the Company without Cause (other than as provided in Section 4(c) hereof), the Non-Vested Portion of the Option shall be deemed canceled and forfeited on the date of Optionee’s termination of employment and the Vested Portion, if any, of the Option as of the date of such termination shall remain exercisable for the lesser of (i) a period of 90 days following such termination of employment or (ii) until the Expiration Date, and, in either event, the Vested Portion shall thereafter be deemed canceled and forfeited.

(c)Notwithstanding the provisions of Section 4(b) concerning an employment termination by the Company without Cause, in the event that the Optionee’s employment with the Company (including any Affiliate) is terminated by the Company (including any Affiliate) without Cause, the  Company’s Chief Executive Officer shall decide, in his or her sole and absolute discretion, whether to permit the Non-Vested Portion of the Option to continue to vest and become exercisable in accordance with the schedule established under Section 2 of this Agreement. If so determined, the Option shall remain exercisable until the Expiration Date. 

(d)Notwithstanding the provisions of Section 4(b) concerning a voluntary termination, in the event that the Optionee’s employment with the Company (including any Affiliate) is terminated by reason of an Incapacity Retirement, as defined under the Company’s Employment Retirement Plan, as in effect at that time, the Non-Vested Portion of the Option shall continue to vest and become exercisable in accordance with the schedule established under Section 2 of this Agreement and the Option shall remain exercisable until the Expiration Date. 

(e)In the event that the Optionee’s employment with the Company (including any Affiliate) is terminated by reason of death, the Non-Vested Portion of the Option shall vest in its entirety immediately upon the date of the Optionee’s death and the Option shall remain exercisable for the lesser of: (i) a period of three years following death or (ii) until the Expiration Date.

5.Change in Control. Upon a Change in Control (as defined in Section 16 of the Plan) prior to the Optionee’s termination of employment with the Company (including any Affiliate), the Non-Vested portion of the Option shall vest and, unless otherwise provided by separate agreement between the Company and the Optionee, the Option shall remain exercisable until the Expiration Date. Unless otherwise provided by separate agreement between the Company and the Optionee, in the event that any benefits under this Agreement, either alone or together with any other payments or benefits otherwise owed to the Optionee by the Company on or after a Change in Control would, in the Company’s good faith opinion, be deemed under Section 280G of the Code, or any successor provision, to be parachute payments, the benefits under this Agreement shall be reduced to the extent necessary in the Company’s good faith opinion so that no portion of the benefits provided herein shall be considered excess parachute payments under Section 280G of the Code or any successor provision. The Company’s good faith opinion shall be conclusive and binding upon the Optionee.

6.No Right to Continued Employment; No Rights as a Shareholder. Neither the Plan nor this Agreement shall confer on the Optionee any right to continued employment with the Company (including any Affiliate). The Optionee shall not have any rights as a shareholder with respect to any Shares subject to the Option prior to the date of exercise of the Option.

7.Transferability. 

(a)The Option is nontransferable and any interest in the Option or the underlying Shares may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Optionee, except by will or the laws of descent and distribution. Optionee may not pledge or otherwise hedge the sale of the Shares, including (without limitation) any short sale, put or call option or any other instrument tied to the value of those Shares. No transfer of the Option shall be effective to bind the Company unless the Company shall have been furnished with written notice thereof and a copy of such evidence as the Board may deem necessary to establish the validity of the transfer and the acceptance by the transferee of the terms and conditions hereof.

(b)The Shares issued to Optionee following the vesting and exercise of the Option will be registered under the federal securities laws. Sales of those Shares will be subject to any market black-out periods the Company may impose from time to time and must be made in compliance with the Company’s insider trading policies and applicable securities laws
 
8.Withholding Taxes. The Optionee agrees to make appropriate arrangements with the Company for satisfaction of any applicable federal, state, local or foreign tax withholding requirements or like requirements, including the payment to the Company at the time of any exercise of the Option of all such taxes and requirements, by submitting an election form to the Company. Optionee is hereby authorized to instruct the Company to withhold from the Shares deliverable to the Optionee upon any exercise of the Option the number of Shares having a Fair Market Value equal to the applicable minimum statutory tax withholding requirements as determined in accordance with the Plan; provided, however, in the event the full amount of Optionee’s taxes cannot be satisfied through share withholding, the remaining amount must be paid by separate check delivered by Optionee to the Company.

9.Non-Competition. 

(a)The Optionee acknowledges and recognizes the highly competitive nature of the business of the Company and its Affiliates and accordingly agrees that during the term of the Optionee’s employment and for a period of [two (2) years] [one (1) year] [six (6) months] immediately thereafter:

(i)The Optionee will not directly or indirectly engage in any business which is in competition with any line of business conducted by the Company or any of its Affiliates, including, but not limited to, where such engagement is as an officer, director, proprietor, employee, partner, investor (other than as a holder of less than 1% of the outstanding capital stock of a publicly traded corporation), consultant, advisor, agent or sales representative, in any geographic region in which the Company or any of its Affiliates conducted any such competing line of business;

(ii)The Optionee will not perform or solicit the performance of services for any customer or client of the Company or any of its Affiliates;

(iii)The Optionee will not directly or indirectly induce any employee of the Company or any of its Affiliates to (1) engage in any activity or conduct which is prohibited pursuant to this subparagraph 9(a), or (2) terminate such employee’s employment with the Company or any of its Affiliates. Moreover, the Optionee will not directly or indirectly employ or offer employment (in connection with any business which is in competition with any line of business conducted by the Company or any of its Affiliates) to any person who was employed by the Company or any of its Affiliates unless such person shall have ceased to be employed by the Company or any of its Affiliates for a period of at least 12 months; and

(iv)The Optionee will not directly or indirectly assist others in engaging in any of the activities, which are prohibited under subparagraphs (i) - (iii) above.

(b)It is expressly understood and agreed that although the Optionee and the Company consider the restrictions contained in this Section 9 to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an unenforceable restriction against the Optionee, the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained herein.

10.Confidential Information and Trade Secrets. The Optionee and the Company agree that certain materials, including, but not limited to, information, data and other materials relating to customers, development programs, costs, marketing, trading, investment, sales activities, promotion, credit and financial data, manufacturing processes, financing methods, plans or the business and affairs of the Company and its Affiliates, constitute proprietary confidential information and trade secrets. Accordingly, the Optionee will not at any time during or after the Optionee’s employment with the Company (including any Affiliate) disclose or use for the Optionee’s own benefit or purposes or the benefit or purposes of any other person, firm, partnership, joint venture, association, corporation or other business organization, entity or enterprise other than the Company and any of its Affiliates, any proprietary confidential information or trade secrets, provided that the foregoing shall not apply to information which is not unique to the Company or any of its Affiliates or which is generally known to the industry or the public other than as a result of the Optionee’s breach of this covenant. The Optionee agrees that upon termination of employment with the Company (including any Affiliate) for any reason, the Optionee will immediately return to the Company all memoranda, books, papers, plans, information, letters and other data, and all copies thereof or therefrom, which in any way relate to the business of the Company and its Affiliates, except that the Optionee may retain personal notes, notebooks and diaries. The Optionee further agrees that the Optionee will not retain or use for the Optionee’s account at any time any trade names, trademark or other proprietary business designation used or owned in connection with the business of the Company or any of its Affiliates.

Notwithstanding the foregoing, nothing in this Agreement restricts or prohibits the Optionee from reporting possible violations of law or regulation to any governmental agency or entity, including but not limited, to the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or from making other disclosures that are protected under state or federal law or regulation.  Optionee does not need the prior authorization of the Company to make such reports or disclosures. Optionee is not required to notify the Company if he or she has  made any such reports or disclosures.
11.Remedies. The Optionee acknowledges that a violation or attempted violation on the Optionee’s part of Sections 9 and 10 will cause irreparable damage to the Company and its Affiliates, and the Optionee therefore agrees that the Company and its Affiliates shall be entitled as a matter of right to an injunction, out of any court of competent jurisdiction, restraining any violation or further violation of such promises by the Optionee or the Optionee’s employees, partners or agents. The Optionee agrees that such right to an injunction is cumulative and in addition to whatever other remedies the Company (including any Affiliate) may have under law or equity.

12.Failure to Enforce Not a Waiver. The failure of the Company to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof.

13.Legends. The Company may at any time place legends referencing the provisions of this Agreement, and any applicable federal or state securities law restrictions on all certificates, if any, representing the Shares acquired pursuant to the exercise of the Option.

14.Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of laws provisions thereof.

15.Amendments. This Agreement may be amended or modified at any time by an instrument in writing signed by the parties hereto, or as otherwise provided under the Plan. Notwithstanding, the Company may, in its sole discretion and without the Optionee’s consent, modify or amend the terms and conditions of this award, impose conditions on the timing and exercise of the Option, or take any other action it deems necessary or advisable, to cause this award to be excepted from Section 409A (or to comply therewith to the extent the Company determines it is not excepted).

16.Notices. Any notice, request, instruction or other document given under this Agreement shall be in writing and shall be addressed and delivered, in the case of the Company, to the Corporate Secretary of the Company at the principal office of the Company and, in the case of the Optionee, to the Optionee’s address as shown in the records of the Company or to such other address as may be designated in writing by either party.

17.Awards Subject to Plan; Amendments to Award. This Award is subject to the Plan. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

18.Lapse of Offer. Any failure of the Optionee to sign and return this Agreement to the Vice President of Human Resources within 60 days of the Date of Option Grant will result in revocation of this Option and all provisions of this Agreement will expire and will be canceled and forfeited.

19.Clawback. Notwithstanding any provisions in this Agreement to the contrary, any compensation, payments, or benefits provided hereunder (or profits realized from the sale of Shares delivered hereunder), whether in the form of cash or otherwise, shall be subject to recoupment and recapture to the extent necessary to comply with the requirements of any Company-adopted policy and/or laws or regulations, including, but not limited to, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Exchange Act, Section 304 of the Sarbanes Oxley Act of 2002, the New York Stock Exchange Listed Company Manual or any rules or regulations promulgated thereunder with respect to such laws, regulations and/or securities exchange listing requirements, as may be in effect from time to time, and which may operate to create additional rights for the Company with respect to this grant and recovery of amounts relating thereto.  By accepting this grant of an Option, the Optionee agrees and acknowledges that he or she is obligated to cooperate with, and provide any and all assistance necessary to, the Company to recover, recoup or recapture this grant of an Option or amounts paid under the Plan pursuant to such law, government regulation, stock exchange listing requirement or Company policy. Such cooperation and assistance shall include, but is not limited to, executing, completing and submitting any documentation necessary to recover, recoup or recapture this grant of an Option or amounts paid under the Plan from Optionee’s accounts, or pending or future compensation or other grants.

20.Section 409A. This Option is intended to be excepted from coverage under Section 409A and shall be interpreted and construed accordingly. Notwithstanding, Optionee recognizes and acknowledges that Section 409A may impose upon Optionee certain taxes or interest charges for which Optionee is, and shall remain, solely responsible.

21.Entire Agreement. This Agreement and the Plan are intended to be the final, complete, and exclusive statement of the terms of the agreement between Optionee and the Company with regard to the subject matter of this Agreement. This Agreement and the Plan supersede all other prior agreements, communications, and statements, whether written or oral, express or implied, pertaining to that subject matter. This Agreement and the Plan may not be contradicted by evidence of any prior or contemporaneous statements or agreements, oral or written, and may not be explained or supplemented by evidence of consistent additional terms.

By signing the cover sheet of this Agreement, Optionee agrees to all of the terms and conditions described above and in the Plan.

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