Document:

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                                                                   Exhibit 10.03

Except as noted below, Non-Qualified Stock Option Agreements in the following
form were entered into by each of the following non-employee directors of the
registrant:

Richard M. Cashin, Jr.
Charles M. Clough
William T. Comfort III
Paul C. Schorr IV
Ronald W. Shelly
William N. Stout
Charles P. Carinalli**

** Mr. Carinalli entered into two agreement of the following form, each dated
February 28, 2002, the date of his first election to the board of directors of
the registrant. The first agreement evidences an option to purchase 20,000
shares and was immediately exercisable upon grant, in accordance with the
registrant's current director option program. The second agreement evidences an
option to purchase 15,000 shares, subject to the vesting terms of the following
form of agreement. The exercise price in each of Mr. Carinalli's agreements is
$25.75 per share.

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[Fairchild Semiconductor logo]      Fairchild Semiconductor International, Inc.
                                    Restated Stock Option Plan
                                    Non-Qualified Stock Option Agreement

This is a Non-Qualified Stock Option Agreement dated February 7, 2002 in the
case of Mr.Carinalli] (the Grant Date) between Fairchild Semiconductor
International, Inc. (the Company) and [name of director], a director of the
Company or one of its subsidiaries (you or the Optionee).

Option Grant; Exercise Price

The Company grants you the option to purchase up to 15,000 shares of the
Company's Class A Common Stock at an exercise price of $23.00 per share. This
option grant is subject to the terms of the Company's Restated Stock Option
Plan, a copy of which is enclosed with this agreement, and to the terms of this
agreement. If there is a conflict between the terms of this agreement and those
of the plan, the terms of the plan will govern.

Option Term; Vesting

The term of your option is 10 years plus one day from the Grant Date. Your
option terminates at the end of the term and cannot be exercised after the term.
Your option will vest in full on the first anniversary of the Grant Date,
assuming you remain a director of the Company on that date, and may only be
exercised after it has vested.

Termination of Service

You must remain a director of the Company or a subsidiary to be able to exercise
your option, except as follows:

If your service as a director terminates other than as a result of your removal
from the board for cause (including, without limitation, because of your
voluntary resignation from the board, your removal from the board other than for
cause or your death or permanent disability), you (or your estate) will have
five years from the date of such termination to exercise your option, unless the
option term ends earlier, in which case you (or your estate) will have until the
end of the term to exercise.

If your service as a director terminates as a result of your removal from the
board for cause, you (or your estate, if you die within the period) will have 90
days from such date of termination to exercise your option, unless the option
term ends earlier, in which case you (or your estate) will have until the end of
the term to exercise.

Regardless of the cause of termination of your service as a director, you (or
your estate)

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can exercise your option only to the extent it is vested on your
termination date.

Transferability

Your option is not transferable except by will or the laws of descent and
distribution. During your lifetime only you can exercise your option. This
option shall not be subject to attachment or similar process. Any attempted
sale, pledge, assignment, transfer or other disposition of your option contrary
to the provisions of this agreement, or the levy of any attachment or similar
process upon your option, shall be null and void without effect.

Miscellaneous

This agreement shall be governed by the laws of the State of Maine, without
regard to conflicts of laws principles. The section and paragraph headings in
this agreement are for convenience of reference only and shall not affect the
construction or interpretation of this agreement.

Signatures

Your signature and the signature of an authorized officer of the Company below
indicate your and the Company's agreement to the terms of this Non-Qualified
Stock Option Agreement as of the Grant Date.

         OPTIONEE:                            FAIRCHILD EMICONDUCTOR
                                              INTERNATIONAL, INC.
[signature of director]                       /s/ Kirk P. Pond
                                              Kirk P. Pond
------------------------------------          Chairman, President and CEO
[name of director]
[Social Security number of director]<PAGE>

                                                                   EXHIBIT 10.04

         The following form of Nonstatutory Stock Option Agreement was entered
into by each of the following executive officers covering the following
respective numbers of shares of common stock:

         Kirk P. Pond                  582,011 shares

         Joseph R. Martin              349,207 shares

         Daniel E. Boxer               174,604 shares

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                   FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC.
                        2000 EXECUTIVE STOCK OPTION PLAN

                       NONSTATUTORY STOCK OPTION AGREEMENT

         Fairchild Semiconductor International, Inc., a Delaware corporation
(the "Company"), hereby grants an Option to purchase shares of its Class A
Common Stock, par value $.01 per share (the "Shares"), to the Optionee named
below. The terms and conditions of the Option are set forth in this cover sheet,
in the attachment and in the Company's 2000 Executive Stock Option Plan (the
"Plan").

Date of Option Grant:               February 22, 2002

Name of Optionee:                   [name of executive officer]

Number of Shares Covered by Option: [number of shares]

Exercise Price per Share:           $23.80

Vesting Schedule:

         Subject to all the terms of the attached Agreement, your right to
purchase Shares under this Option vests in full on May 16, 2005, or earlier as
follows: 20% of the Option shall vest at the time the Share price reaches or
exceeds $26.18 on each of any 20 trading days during any period of 30
consecutive trading days; an additional 25% of the Option shall vest at the time
the Share price reaches or exceeds $29.75 on each of any 20 trading days during
any period of 30 consecutive trading days; an additional 25% of the Option shall
vest at the time the Share price reaches or exceeds $33.32 on each of any 20
trading days during any period of 30 consecutive trading days; and the remaining
30% of the Option shall vest at the time the Share price reaches or exceeds
$39.27 on each of any 20 days during any period of 30 consecutive trading days.
Other provisions of this Agreement affect the vesting of, and your ability to
exercise, your Option.

         BY SIGNING THIS COVER SHEET, YOU AGREE TO ALL OF THE TERMS AND
CONDITIONS DESCRIBED IN THE ATTACHED AGREEMENT AND IN THE PLAN, A COPY OF WHICH
IS ALSO ENCLOSED.

Optionee:         [signature of executive officer]
                  --------------------------------------------------------------
                                           (Signature)

Company:          [signature of an officer of the registrant]
                  --------------------------------------------------------------
                                           (Signature)

                  Title:
                          ------------------------------------------------------

Attachment

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                   FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC.
                        2000 EXECUTIVE STOCK OPTION PLAN

                       NONSTATUTORY STOCK OPTION AGREEMENT

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<S>                             <C>
THE PLAN AND                    The text of the Plan is incorporated in this Agreement by reference.
OTHER AGREEMENTS                Certain capitalized terms used in this Agreement are defined in the
                                Plan.

                                This Agreement and the Plan constitute the entire understanding
                                between you and the Company regarding this Option. Any prior
                                agreements, commitments or negotiations concerning this Option are
                                superseded.

NONSTATUTORY STOCK OPTION       This Option is not intended to be an Incentive Stock Option under
                                section 422 of the Internal Revenue Code and will be interpreted
                                accordingly.

VESTING                         This Option is only exercisable before it expires and then only with
                                respect to the vested portion of the Option. This Option will vest
                                according to the Vesting Schedule on the attached cover sheet and as
                                otherwise provided in this Agreement.

TERM                            Your Option will expire in any event at the close of business at
                                Company headquarters on the day before the 10th anniversary of the
                                Date of Option Grant, as shown on the cover sheet. Your Option may
                                expire earlier if your Service terminates, as described below.

REGULAR TERMINATION             If your Service is terminated by the Company for any reason other
                                than for Cause (as defined in your employment agreement (as amended,
                                supplemented or restated from time to time, your "Employment
                                Agreement")) or is terminated by you with Good Reason (as defined in
                                your Employment Agreement), your Option shall continue to vest
                                according to this Agreement, and you shall have until the end of the
                                option term to exercise such Option.

TERMINATION FOR                 If your Service is terminated by the Company for Cause, as defined
CAUSE                           in your Employment Agreement and determined by the Board in its sole
                                discretion, then you shall immediately forfeit all rights to your
                                unvested Option and the Option shall immediately expire.

QUIT WITHOUT GOOD REASON        If your Service is terminated by you without Good Reason (as defined
                                in your Employment Agreement), then you shall immediately forfeit
                                all rights to your unvested Option and your vested Option shall
                                expire 90 days after the effective date of your termination.

DEATH                           If your Service terminates because of your death, your Option will
                                fully vest and your estate or heirs may exercise your entire Option
                                over its full term.

DISABILITY                      If your Service terminates because of your Disability, your Option
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<TABLE>
<S>                             <C>
                                will fully vest and you may exercise your entire Option over its
                                full term.

RETIREMENT                      Upon your Retirement (as defined in your Employment Agreement), your
                                Option shall fully vest, and you shall have until the end of the
                                option term to exercise such Option subject to the non-compete and
                                confidential information provisions specified in your employment
                                agreement.

CHANGE IN CONTROL               In the event that you are employed by the Company at the time of a
                                Change in Control, as defined below, your Option shall fully vest
                                upon the effective date of the Change in Control, unless the Change
                                in Control is initiated by the Company and you remain employed by
                                the successor corporation in a position of equal rank and
                                responsibility to your position in the Company on the Date of Option
                                Grant.

                                "Change in Control" means the occurrence of any of the following
                                events:

                                (i) Any "person" (as such term is used in Sections 13(d) and 14(d)
                                of the Exchange Act), other than (x) Sterling Holding Company, LLC
                                and/or Citicorp Venture Capital Ltd. (either, for purposes of this
                                definition, "CVC"), (y) any officer, employee or director of CVC or
                                any trust, partnership or other entity established solely for the
                                benefit of such officers, employees or directors or (z) any officer,
                                employee or director of the Company or any subsidiary of the Company
                                or any trust, partnership or other entity established solely for the
                                benefit of such officers, employees or directors (any of such
                                persons identified in clauses (x), (y) and (z), a "Permitted
                                Holder"), is or becomes the beneficial owner (as such term is
                                defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly
                                or indirectly, of more than 35% of the total voting power of the
                                voting stock of the Company, provided, however, that the Permitted
                                Holders beneficially own (as defined above), directly or indirectly,
                                in the aggregate a lesser percentage of the total voting power of
                                the voting stock of the Company than such other person and do not
                                have the right or ability by voting power, contract or otherwise to
                                elect or designate for election a majority of the board of directors
                                of the Company;

                                (ii) during any period of two consecutive years, individuals who at
                                the beginning of such period constituted the board of directors of
                                the Company (together with any new directors whose election by such
                                board of directors or whose nomination for election by the
                                stockholders of the Company was approved by a vote of a majority of
                                the directors of the Company then still in office who were either
                                directors at the beginning of such period or whose election or
                                nomination for election was previously so approved) cease for any
                                reason to constitute a majority of the board of directors of the
                                Company then in office; or
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<TABLE>
<S>                             <C>
                                (iii) the merger or consolidation of the Company with or into
                                another corporation or entity or the merger of another corporation
                                or entity with or into the Company, or the sale of all or
                                substantially all the assets of the Company to another corporation
                                or entity (in any of such cases, other than a corporation or entity
                                that prior to such merger, consolidation or sale is controlled by
                                Permitted Holders), if the securities of the Company that are
                                outstanding immediately prior to such transaction and which
                                represent 100% of the aggregate voting power of the voting stock of
                                the Company are changed into or exchanged for cash, securities or
                                property, unless pursuant to such transaction such securities are
                                changed into or exchanged for, in addition to any other
                                consideration, securities of the surviving corporation or entity or
                                transferee that represent, immediately after such transaction, at
                                least a majority of the aggregate voting power of the voting stock
                                of the surviving corporation, entity or transferee.

LEAVES OF ABSENCE               For purposes of this Option, your Service does not terminate when
                                you go on a bona fide leave of absence that was approved by the
                                Company in writing, if the terms of the leave provide for continued
                                Service crediting, or when continued Service crediting is required
                                by applicable law. Your Service terminates in any event when the
                                approved leave ends unless you immediately return to active work.

                                The Company determines which leaves count for this purpose, and when
                                your Service terminates for all purposes under the Plan.

NOTICE OF EXERCISE              When you wish to exercise this Option, you must notify the Company
                                by filing the proper "Notice of Exercise" form at the address given
                                on the form. Your notice must specify how many Shares you wish to
                                purchase. Your notice must also specify how your Shares should be
                                registered (in your name only or in your and your spouse's names as
                                community property or as joint tenants with right of survivorship).
                                The notice will be effective when it is received by the Company.

                                If someone else wants to exercise this Option after your death, that
                                person must prove to the Company's satisfaction that he or she is
                                entitled to do so.

FORM OF PAYMENT                 When you submit your notice of exercise, you must include payment of
                                the Option price for the Shares you are purchasing.

                                Payment may be made in one (or a combination) of the following
                                forms:

                                -       Cash, your personal check, a cashier's check or a money
                                        order.

                                -       Shares which have already been owned by you for more than
                                        six (6) months and which are surrendered to the Company. The
                                        value of the Shares, determined as of the effective date of
                                        the Option exercise, will be applied to the Option price.
</TABLE>

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<TABLE>
<S>                             <C>

                                -       By delivery (on a form prescribed by the Company) of an
                                        irrevocable direction to a securities broker to sell Shares
                                        and to deliver all or part of the sale proceeds to the
                                        Company in payment of the aggregate exercise price.

WITHHOLDING TAXES               You will not be allowed to exercise this Option unless you make
                                acceptable arrangements to pay any withholding or other taxes that
                                may be due as a result of the Option exercise or sale of Shares
                                acquired under this Option.

RESTRICTIONS ON EXERCISE        By signing this Agreement, you agree not to exercise this Option or
AND RESALE                      sell any Shares acquired under this Option at a time when applicable
                                laws, regulations or Company trading policies prohibit exercise,
                                sale or issuance of Shares. The Company will not permit you to
                                exercise this Option if the issuance of Shares at that time would
                                violate any law or regulation. The Company shall have the right to
                                designate one or more periods of time, each of which shall not
                                exceed one hundred eighty (180) days in length, during which this
                                Option shall not be exercisable if the Company determines (in its
                                sole discretion) that such limitation on exercise could in any way
                                facilitate a lessening of any restriction on transfer pursuant to
                                the Securities Act or any state securities laws with respect to any
                                issuance of securities by the Company, facilitate the registration
                                or qualification of any securities by the Company under the
                                Securities Act or any state securities laws, or facilitate the
                                perfection of any exemption from the registration or qualification
                                requirements of the Securities Act or any applicable state
                                securities laws for the issuance or transfer of any securities. Such
                                limitation on exercise shall not alter the vesting schedule set
                                forth in this Agreement other than to limit the periods during which
                                this Option shall be exercisable.

                                If the sale of Shares under the Plan is not registered under the
                                Securities Act, but an exemption is available which requires an
                                investment or other representation, you shall represent and agree at
                                the time of exercise that the Shares being acquired upon exercise of
                                this Option are being acquired for investment, and not with a view
                                to the sale or distribution thereof, and shall make such other
                                representations as are deemed necessary or appropriate by the
                                Company and its counsel.

TRANSFER OF OPTION              You shall not assign, alienate, pledge, attach, sell, transfer or
                                encumber this Option. If you attempt to do any of these things, this
                                Option will immediately become invalid. You may, however, dispose of
                                this Option in your will or it may be transferred by the laws of
                                descent and distribution.

                                Notwithstanding the preceding paragraph, if the Company consents,
                                you may transfer this Option, by gift, to a family member. For
                                purposes of this section, "Family Member" is defined to include any
                                child, stepchild, grandchild, parent, stepparent, grandparent,
                                spouse, former spouse, sibling, niece, nephew, mother-in-law,
                                father-in-law,
</TABLE>

                                                  6

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<TABLE>
<S>                             <C>
                                son-in-law, daughter-in-law, brother-in-law, or sister-in-law,
                                including adoptive relationships, any person sharing your household
                                (other than a tenant or employee), a trust in which these persons
                                have more than fifty percent of the beneficial interest, a
                                foundation in which these persons (or you) control the management of
                                assets, and any other entity in which these persons (or you) own
                                more than fifty percent of the voting interests. A Family Member
                                transferee is hereafter referred to as a "Permitted Transferee."
                                Before any such transfer of this Option is effectuated, however, the
                                Company must be notified in advance in writing of the terms and
                                conditions of the proposed transfer and the Company must determine
                                that the proposed transfer complies with applicable law and the
                                requirements of the Plan and this Option. Any purported assignment,
                                alienation, pledge, attachment, sale, transfer or encumbrance that
                                does not qualify hereunder shall be void and unenforceable against
                                the Company.

                                The terms of this Option (including the post-termination of Service
                                exercise periods) shall apply to your beneficiaries, executors,
                                administrators and Permitted Transferees (including the
                                beneficiaries, executors and administrators of the Permitted
                                Transferees), including the right to agree to any amendment of this
                                Option, except that Permitted Transferees shall not transfer this
                                Option other than by will or by the laws of descent and
                                distribution. The Company is under no obligation to provide notice
                                to a Permitted Transferee of your termination of Service.

                                This Option shall be exercised only by you (including, in the case
                                of a transferred Option, by a Permitted Transferee), or, in the case
                                of your death, by your executor or administrator (including, in the
                                case of a transferred Option, by the executor or administrator of
                                the Permitted Transferee). Before a Permitted Transferee will be
                                allowed to exercise this option, you must make acceptable
                                arrangements to pay any withholding or other taxes that may be due
                                as a result of exercising this option.

                                Regardless of any marital property settlement agreement, the Company
                                is not obligated to honor a notice of exercise from your spouse, nor
                                is the Company obligated to recognize your spouse's interest in your
                                Option in any other way.

RETENTION RIGHTS                Your Option or this Agreement does not give you the right to be
                                retained by the Company (or any Parent or any Subsidiaries or
                                Affiliates) in any capacity. The Company (or any Parent and any
                                Subsidiaries or Affiliates) reserve the right to terminate your
                                Service in accordance with your Employment Agreement.

STOCKHOLDER RIGHTS              You, or your estate or heirs, have no rights as a stockholder of the
                                Company until a certificate for your Option's Shares has been
                                issued. No adjustments are made for dividends or other rights if the
                                applicable record date occurs before your stock certificate is issued,
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<TABLE>
<S>                             <C>
                                except as described in the Plan.

ADJUSTMENTS                     In the event of a stock split, a stock dividend or a similar change
                                in the Company stock, the number of Shares covered by this Option
                                and the exercise price per Share may be adjusted (and rounded down
                                to the nearest whole number) pursuant to the Plan. Your Option shall
                                be subject to the terms of the agreement of merger, liquidation or
                                reorganization in the event the Company is subject to such corporate
                                activity.

APPLICABLE LAW                  This Agreement will be interpreted and enforced under the laws of
                                the State of Maine.
</TABLE>

        BY SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL OF THE
        TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN.

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