Document:

NetLogic Microsystems, Inc. Incentive Bonus Plan Effective May 5, 2005

 Exhibit 10.10 
  
 NETLOGIC MICROSYSTEMS, INC 
 INCENTIVE BONUS PLAN 
 EFFECTIVE MAY 5, 2005 
  

	1.	PURPOSE 

  
 The purpose of this Incentive Bonus Plan (the “Plan”) is to promote the success of NetLogic Microsystems, Inc. (the “Company”) by
providing financial incentives to eligible Employees (individually a “Participant” and collectively the “Participants”) to strive for more effective operation of the Company’s business. The Company intends to use this Plan
to link the interests of stockholders of the Company and Plan Participants by motivating Participants to focus on increasing the Company’s profitability as well as completing objectives that support the Company’s overall business goals, to
attract and retain Participants’ services and to create a variable compensation plan that is competitive with other companies in our market. 
  

	2.	DEFINITIONS 

  
 The following definitions shall be applicable throughout the Plan: 
  
 a. “Annual Period” means the twelve-month period representing the Company’s fiscal year starting January 1
and ending December 31. 
  
 b. “Award” means the amount
of cash paid to a Participant under the Plan with respect to Annual Periods. 
  
 c. “Award Determination Date” means the date that the Compensation Committee of the Company’s Board of Directors (the “Committee”) meets to review individual and Company performance for an
Annual Period and determine individual Awards. 
  
 d.
“Effective Date” means May 5, 2005, and the Annual Period for 2005 is the entire year. 
  
 e. “Employee” means any individual, including an officer, who is a full service employee of the Company or any entity in which the Company owns
more than 50% of the outstanding ownership interests entitled to vote for the election of directors or the equivalent managing body of such entity, determined on a worldwide basis. 
  
 f. “Participant” means any individual who meets the requirements of Section 4 of the Plan. 
  
 g. “Participation Date” means the Employee’s date of hire or
the date the Committee deems the employee an eligible participant. 
  
 h. “Term of the Plan” means the period during which the Plan is effective. This period shall begin on the Effective Date and end on a date to be determined in accordance with Section 7 of the Plan. 

	3.	POWERS AND ADMINISTRATION 

  
 a. Administration by the Committee. Subject to any powers to be exercised by the Company’s Board of Directors, in its discretion, the
Committee shall administer the Plan and have such powers and duties as are conferred upon it under this Plan, or any amendments thereto, or by the Board of Directors of the Company. The Committee shall have the authority and complete discretion to
(i) prescribe, amend and rescind rules relating to the Plan; (ii) select Participants to receive Awards; (iii) construe and interpret the Plan; (iv) make changes in relation to the Term of the Plan; (v) correct any defect or omission, or reconcile
any inconsistency in the Plan; (vi) authorize any person to execute on behalf of the Company any instrument required to effectuate the grant of an Award; and (vii) make all other determinations deemed necessary or advisable for the administration of
the Plan. 
  
 b. Committee’s Interpretation Final. The
Committee’s interpretation and construction of any provision of the Plan shall be final and binding on all persons claiming an interest in an Award granted or issued under the Plan. Neither the Committee nor any director shall be liable for any
action or determination made in good faith with respect to the Plan. The Company, in accordance with its bylaws, shall indemnify and defend such parties to the fullest extent provided by law and such bylaws. 
  
 c. Nontransferability of Awards. An award granted a Participant shall
not be assignable or transferable in whole or in part, either voluntarily or by operation of law or otherwise. In the event of the Participant’s death, an Award is transferable by the Participant only by will or the laws of descent and
distribution. Any attempted assignment, transfer or attachment by any creditor in violation of this Subsection 3(c) shall be null and void. 
  

	4.	ELIGIBILITY AND PARTICIPATION 

  
 a. Eligibility. All executive officers of the Company and other Employees deemed eligible by the Committee shall be eligible to participate in the
Plan. The Participation Date for an eligible employee will generally be the employee’s date of hire or the date upon which the Committee deems the employee eligible to participate. Participants eligible for an Award during an Annual Period
shall be eligible to receive an Award with respect to such period if they are hired during such period. Participants hired after the beginning of the Annual Period shall receive a pro-rated Award based on the number of days actually worked versus
the number of days available during the Annual Period. Participants must be employed with the Company on the Award Determination Date to be eligible for an Award under the Plan. 
  
 b. Participation and Approval. For each Annual Period, the Chief Executive Officer shall present to the Committee a
list of recommended Participants and a recommended target Award for each Participant for the fiscal year, which recommendations may be submitted after the commencement of the current Annual Period. The Committee shall review the Chief Executive
Officer’s report, make any adjustments the Committee deems necessary, and approve target Awards for the Annual Period. 
  

 2 

	5.	CALCULATION OF AWARDS 

  
 a. Awards Based on Objectives. Awards for the Annual Period shall be based on successful completion of approved individual objectives for such
period and shall take into account financial objectives for either the Company and/or for a selected business unit set forth at the beginning of the fiscal year. 
  
 b. Determination of Award Target. Target amounts for Awards for Participants are determined by competitive market
information relevant to the job the individual is performing for the Company, the job function of the individual and the individuals’ expected contributions to the Company. The target amounts may be a specified cash amount or a percentage of
base pay. 
  

	6.	PAYMENT 

  
 All payments are to be made in cash, less applicable federal, state, local and FICA taxes, as soon as practicable after the Award Determination Date, but
in all events within 75 days after it. 
  

	7.	AMENDMENT OF THE PLAN 

  
 The Committee may, from time to time, terminate, suspend, or discontinue the Plan, in whole or part, or revise or amend it in any respect whatsoever.

  

	8.	SOURCE OF FUNDS 

  
 The Plan is unfunded. All awards paid under the Plan are paid from the general assets of the Company and are not liabilities of the Company at any time
prior to the time when payment is made. Nothing contained in the Plan shall require the Company to segregate any monies from its general funds, or to create any trust or make any special deposit in respect of any amounts payable under the Plan to or
for any Participant or group of Participants. 
  

	9.	RIGHTS AS AN EMPLOYEE 

  
 The Plan shall not be construed to give any individual the right to remain in the employ of the Company or to affect the right of the Company to terminate
such individual’s status as an Employee. Participation in the Plan will not affect participation in any other compensatory plan maintained by the Company. 
  

	10.	EFFECTIVE DATE OF PLAN 

  
 The Plan is effective on the Effective Date and shall remain in effect until such time as the Committee decides to terminate the Plan. 
  

 3FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT

 Exhibit 10.6 
  
 Date 
  
 Name 
 Address 
  
 City, State Zip 
  
 Dear Recipient: 
  
 Pursuant to the terms and
conditions of Digitas’ 2000 Stock Option and Incentive Plan, as amended, you have been granted a Non-Qualified Stock Option to purchase
                     shares (the “Option”) of stock as outlined below: 
  

			
	Granted To:	  	Recipient
	ID#	  	000-00-0000
	Grant Date:	  	                    , 2005
	Option Price per Share:	  	$0.00
	Total Cost to Exercise:	  	$0,000.00
	Expiration Date:	  	                    , 2015
	Vesting Schedule:	  	25% year one, then 6.25%/per quarter

  
 Once you no longer work at Digitas,
you will not become eligible to purchase any additional shares beyond those you were eligible to buy on the date your employment terminated. However, depending upon the reasons your employment ended, you may have a period of time after you leave to
purchase the shares that you were already eligible to purchase. These provisions and other rules pertaining to exercise of your Option are sketched out in Attachment A to this letter and spelled out in the Plan. You must read the Plan and its
Summary and Prospectus in order to fully understand the operational requirements of this Option. In any event, if you stay with Digitas, your opportunity to purchase the shares granted under this option will terminate on the Expiration Date listed
above, the day before the 10th anniversary of the grant date. 
  
 Please sign below to indicate your receipt of this Option and return this form to Brett
Dowsett in the Finance Department. We recommend that you make a copy of this form for your personal records. If there are any discrepancies in your name and address as shown, please make the appropriate corrections on this form. 
  

	
	Sincerely,
	
	  
	Ernest W. Cloutier
	General Counsel

  
 By my signature below, I hereby
acknowledge the receipt of this Option granted on the date shown above, which has been issued to me under the terms and conditions of the Plan. I further acknowledge receipt of a copy of Attachment A, a summary of the Plan and Frequently Asked
Questions that I have been offered an opportunity to receive a copy of the full Plan document and that I agree to conform to all of the terms and conditions of this Option and the Plan. 
  

									
	 Signature: 
	  	 	 	 Date: 
	  	 	  	 
	 	  	Recipient	 	 	  	 	  	 

  

 1 

  
 Attachment A

  
 Exercise of vested options following termination of employment:

  

	 	•	 	If you die while you hold exercisable options, your estate or your heirs will have until the earlier of 12 months following the date of your death or the Expiration Date to exercise
the options. 

  

	 	•	 	If you become disabled while you hold exercisable options, you will have until the earlier of 12 months following the date of your termination of employment due to disability or the
Expiration Date. 

  

	 	•	 	If your employment is terminated by the Company: (1) because you have been indicted or convicted or pled nolo contendere to a felony or any misdemeanor involving moral
turpitude, deceit, dishonesty or fraud; (2) because you have violated the procedures or policies of the Company; or (3) because you have been grossly negligent or have been guilty of willful misconduct (any of which would be a termination for
“Cause”), you will not be able to exercise any options after the date your employment terminates. 

  

	 	•	 	If your employment is terminated by the Company without cause or if your employment is terminated by a mutual agreement between you and the Company, you will have until the earlier
of 12 months following the date of your termination of employment or the Expiration Date to exercise your vested options. 

  

	 	•	 	If you voluntarily terminate your employment by the Company, you will have until the earlier of 60 days following the date of your termination of employment or the Expiration Date
to exercise your vested options. 

  

	 	•	 	Upon your “Qualified Retirement”, you will have until the earlier of 12 months following the date of your termination of employment or the Expiration Date to exercise your
vested options. A “Qualified Retirement” shall be defined as: if you (1) voluntarily terminate your employment by the Company with its approval, (2) are at least fifty-five years of age, (3) have been an employee of the Company for at
least ten years (excluding any leave(s) of absence), and (4) your voluntary termination of employment is in connection with your retirement. 

  
 Tax withholding: You have to make arrangements to pay the taxes applicable upon the exercise of your Option. You can choose to satisfy the tax obligations by:

  

	 	•	 	Paying the withholding amount in cash. 

  

	 	•	 	Authorizing the Company to withhold shares with sufficient value to cover all or part of the tax from shares of Stock to be issued from your grant upon exercise.

  

	 	•	 	Transferring to the Company shares with sufficient fair market value to satisfy the withholding amount. 

  
 Transfer of the Option: You cannot transfer this Option to any other person or entity and no one but you can exercise your Option.
However, in the event you die with vested options that have not been exercised, they will be transferred to your estate or your heirs and may be exercised by the administrator of your estate or your heirs. 
  
 Exercise procedures: 
  

	 	•	 	You must give written notice to the Company that specifies how many of your vested Option shares you wish to purchase. 

  

	 	•	 	You can pay for the Option shares with cash, a certified or bank check, unrestricted shares of Digitas stock that you have owned for at least six months, through a cashless exercise
with a broker (the HR Department here at Digitas or your stock broker can explain this to you) or through some combination of these payments. 

  

	 	•	 	Certificates for the shares will not be delivered to you until you have made payment in full, satisfied any withholding obligations and complied with any other applicable laws.

  

	 	•	 	Options must be exercised in groups of at least 10 shares, unless the exercise is for the total number of options vested at the time of exercise. 

  

	 	•	 	No options can be exercised before they are vested or after their Expiration Date. 

  

 2

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