Document:

Form of Tender and Voting Agreement

 Exhibit 4.1 
 CONFIDENTIAL 
 TENDER AND VOTING AGREEMENT 
 THIS TENDER AND VOTING AGREEMENT (this “Agreement”) is made and entered into as of
                        , 2007 by and between Polycom, Inc., a Delaware corporation (“Parent”), and the
undersigned stockholder (the “Stockholder”) of SpectraLink Corporation, a Delaware corporation (the “Company”). 
 RECITALS 
 A. Parent, a wholly-owned subsidiary of Parent (“Merger Sub”), and the Company have entered into
an Agreement and Plan of Merger of even date herewith (as it may be amended from time to time, the “Merger Agreement”), which provides for, among other things, (i) an offer by Merger Sub (the “Offer”) to pay
$11.75 in cash (the “Offer Price”) for each of the issued and outstanding shares of common stock, par value $0.01 per share, of the Company (“Company Common Stock”), and (ii) the merger of Merger Sub with and
into the Company (the “Merger”) pursuant to which all outstanding shares of capital stock of the Company will be converted into the right to receive the consideration set forth in the Merger Agreement. 
 B. The Stockholder is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) of such number of shares of the outstanding capital stock of the Company and options to purchase such number of shares of capital stock of the Company as is indicated on the signature page of this Agreement. 
 C. In consideration of the execution of the Merger Agreement by Parent, the Stockholder (in the Stockholder’s capacity as such) is hereby agreeing
to tender and vote the Shares as described herein. 
 NOW, THEREFORE, intending to be legally bound, the parties hereto agree as follows:

 1. Certain Definitions. All capitalized terms that are used but not defined herein shall have the respective meanings ascribed to
them in the Merger Agreement. For all purposes of and under this Agreement, the following terms shall have the following respective meanings: 
 (a) “Expiration Date” shall mean the earliest to occur of (i) such date and time as the Merger Agreement shall have been terminated pursuant to Article IX thereof, or (ii) such date and
time as the Merger shall become effective in accordance with the terms and provisions of the Merger Agreement, or (iii) such date and time as any amendment or change to the Merger Agreement is effected without the Stockholder’s consent
that decreases the Offer Price. 
 (b) “Person” shall mean any individual, corporation, limited liability
company, general or limited partnership, trust, unincorporated association or other entity of any kind or nature, or any Governmental Entity. 
 (c) “Shares” shall mean (i) all securities of the Company (including all shares of Company Common Stock and, to the extent transferable by their terms, all options, warrants and other rights to
acquire shares of Company Common Stock) owned by the Stockholder as of the date 

  

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hereof, and (ii) all additional securities of the Company (including all additional shares of Company Common Stock and, to the extent transferable by
their terms, all additional options, warrants and other rights to acquire shares of Company Common Stock) of which the Stockholder acquires ownership during the period from the date of this Agreement through the Expiration Date (including by way of
stock dividend or distribution, split-up, recapitalization, combination, exchange of shares and the like). 
 (d)
“Transfer” A Person shall be deemed to have effected a “Transfer” of a Share if such person directly or indirectly (i) sells, pledges, encumbers, assigns, grants an option with respect to, transfers or disposes
of such Share or any interest in such Share, or (ii) enters into an agreement or commitment providing for the sale of, pledge of, encumbrance of, assignment of, grant of an option with respect to, transfer of or disposition of such Share or any
interest therein. 
 2. Transfer of Shares. 
 (a) Transfer Restrictions. Subject to the following sentence, the Stockholder shall not cause or permit any Transfer of any of the
Shares to be effected other than to Merger Sub or any other subsidiary of Parent (or Parent on Merger Sub’s or the other subsidiary’s behalf) pursuant to the Offer. The preceding sentence shall not prohibit a Transfer of Shares by
Stockholder: (A) if Stockholder is an individual, to any member of Stockholder’s immediate family or to a trust established for the benefit of Stockholder and/or for the benefit of one or more members of Stockholder’s immediate family
or upon the death of Stockholder or (B) if Stockholder is a partnership or limited liability company, to one or more partners or members of Stockholder or to an affiliated corporation under common control with Stockholder, provided that
any Transfer permitted pursuant to (A) or (B) above shall be permitted only if, as a precondition to such transfer, the transferee of such Shares agrees in writing with Parent to be bound by the terms and conditions of this Agreement.

 (b) Transfer of Voting Rights. The Stockholder shall not deposit (or permit the deposit of) any Shares in a voting
trust or grant any proxy or enter into any voting agreement or similar agreement in contravention of the obligations of the Stockholder under this Agreement with respect to any of the Shares. 
 3. Agreement to Vote Shares. 
 (a) At every meeting of the stockholders of the Company called, and at every adjournment or postponement thereof, and on every action or approval by written consent of the stockholders of Company, the Stockholder (in the Stockholder’s
capacity as such) shall, or shall cause the holder of record on any applicable record date to, vote the Shares: 
 (i) in
favor of the adoption of the Merger Agreement (as it may be amended from time to time), and in favor of each of the other actions contemplated by the Merger Agreement; 
  

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 (ii) against approval of any proposal made in opposition to, or in competition with,
consummation of the Offer, the Merger or any other transactions contemplated by the Merger Agreement; and 
 (iii) against any
of the following actions (other than those actions that relate to the Offer, the Merger and any other transactions contemplated by the Merger Agreement): (A) any merger, consolidation, business combination, sale of assets, or reorganization of
the Company or any subsidiary of the Company, (B) any sale, lease or transfer of any significant part of the assets of the Company or any subsidiary of the Company, (C) any reorganization, recapitalization, dissolution, liquidation or
winding up of the Company or any subsidiary of the Company, (D) any material change in the capitalization of the Company or any subsidiary of the Company, or the corporate structure of the Company or any subsidiary of the Company, or
(E) any other action that is intended, or could reasonably be expected to, impede, interfere with, delay, postpone, discourage or adversely affect the Offer, the Merger or any other transactions contemplated by the Merger Agreement. 

(b) In the event that a meeting of the stockholders of the Company is held, the Stockholder shall, or shall cause the holder of record
on any applicable record date to, appear at such meeting or otherwise cause the Shares to be counted as present thereat for purposes of establishing a quorum. 
 (c) The Stockholder shall not enter into any agreement or understanding with any Person to vote or give instructions in any manner
inconsistent with the terms of this Section 3. 
 4. Agreement to Tender. The Stockholder shall tender (and shall not
withdraw), pursuant to and in accordance with the terms of the Offer, the Shares. No later than two (2) business days prior to the initial expiration date of the Offer, the Stockholder shall (i) deliver to the depositary designated in the
Offer, (A) a letter of transmittal with respect to the Shares complying with the terms of the Offer, (B) certificates representing the Shares, and (C) all other documents or instruments required to be delivered pursuant to the terms
of the Offer, and/or (ii) instruct its broker or such other person who is the holder of record of any Shares beneficially owned by the Stockholder to tender such Shares for exchange in the Offer pursuant to the terms and conditions of the
Offer. The Stockholder shall not tender the Shares into any exchange or tender offer commenced by a third party other than Parent, Merger Sub or any other subsidiary of Parent. 
 5. Agreement Not to Exercise Appraisal Rights. The Stockholder shall not exercise any rights (including, without limitation, under
Section 262 of the Delaware General Corporation Law) to demand appraisal of any Shares that may arise with respect to the Merger. 
 6.
Directors and Officers. Notwithstanding any provision of this Agreement to the contrary, nothing in this Agreement shall (or require the Stockholder to attempt to) limit or restrict the Stockholder or any designee of the Stockholder, to the
extent that any of them is a director or officer of the Company, from acting in such director or officer capacity or voting in such person’s sole discretion on any matter in such director or officer capacity (it being understood that this
Agreement shall apply to the Stockholder solely in the Stockholder’s capacity as a stockholder of the Company). 
  

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 7. Irrevocable Proxy. Concurrently with the execution of this Agreement, the Stockholder shall
deliver to Parent a proxy in the form attached hereto as Exhibit A (the “Proxy”), which shall be irrevocable to the fullest extent permissible by law, with respect to the Shares. 
 8. No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in Parent any direct or indirect ownership or incidence of
ownership of or with respect to any Shares. All rights, ownership and economic benefits of and relating to the Shares shall remain vested in and belong to the Stockholder, and Parent shall have no authority to manage, direct, superintend, restrict,
regulate, govern, or administer any of the policies or operations of the Company or exercise any power or authority to direct the Stockholder in the voting of any of the Shares, except as otherwise provided herein. 
 9. Representations and Warranties of the Stockholder. 
 (a) Power; Binding Agreement. The Stockholder has full power and authority to execute and deliver this Agreement and the Proxy, to
perform the Stockholder’s obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by the Stockholder of this Agreement, the performance by the Stockholder of its obligations
hereunder and the consummation by the Stockholder of the transactions contemplated hereby have been duly and validly authorized by the Stockholder and no other actions or proceedings on the part of the Stockholder are necessary to authorize the
execution and delivery by it of this Agreement, the performance by the Stockholder of its obligations hereunder or the consummation by the Stockholder of the transactions contemplated hereby. This Agreement has been duly executed and delivered by
the Stockholder, and, assuming this Agreement constitutes a valid and binding obligation of Parent, constitutes a valid and binding obligation of the Stockholder, enforceable against the Stockholder in accordance with its terms. 
 (b) No Conflicts. Except for filings that may be required under the Exchange Act and filings under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, and any applicable foreign antitrust, competition or merger control laws, no filing with, and no permit, authorization, consent, or approval of, any state or federal public body or authority
(“Governmental Entity”) is necessary for the execution by the Stockholder of this Agreement, the performance by the Stockholder of its obligations hereunder and the consummation by the Stockholder of the transactions contemplated
hereby. None of the execution and delivery by the Stockholder of this Agreement, the performance by the Stockholder of its obligations hereunder or the consummation by the Stockholder of the transactions contemplated hereby will (i) conflict
with or result in any breach of any organizational documents applicable to the Stockholder, (ii) result in a violation or breach of, or constitute (with or without notice or lapse of time or both) a default (or give rise to any third party
right of termination, cancellation, material modification or acceleration) under any of the terms, conditions or provisions of any note, loan agreement, bond, mortgage, indenture, license, contract, commitment, arrangement, understanding, agreement,
or other instrument or obligation of any kind to which the Stockholder is a party or by which the Stockholder or any of the Stockholder’s properties or assets may be bound, or (iii) violate any order, writ, injunction, decree, judgment,
order, statute, rule, or regulation applicable to the Stockholder or any of the Stockholder’s properties or assets. 
  

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 (c) Ownership of Shares. The Stockholder (i) is the beneficial owner of the
shares of Company Common Stock indicated on the signature page of this Agreement, all of which are free and clear of any liens, adverse claims, charges, security interests, pledges or options, proxies, voting trusts or agreements, understandings or
agreements, or any other rights or encumbrances whatsoever (“Encumbrances”) (except any Encumbrances arising under securities laws or arising hereunder), (ii) is the owner of options that are exercisable for the number of
shares of Company Common Stock indicated on the signature page of this Agreement, all of which options and shares of Company Common Stock issuable upon the exercise of such options are free and clear of any Encumbrances (except any Encumbrances
arising under securities laws or arising hereunder), and (iii) does not own, beneficially or otherwise, any securities of the Company other than the shares of Company Common Stock, options to purchase shares of Company Common Stock, and shares
of Company Common Stock issuable upon the exercise of such options, indicated on the signature page of this Agreement. 
 (d)
Voting Power. The Stockholder has or will have sole voting power, sole power of disposition, sole power to issue instructions with respect to the matters set forth herein, and sole power to agree to all of the matters set forth in this
Agreement, in each case with respect to all of the Shares, with no limitations, qualifications or restrictions on such rights, subject to applicable federal securities laws and the terms of this Agreement. Notwithstanding anything in this Agreement
to the contrary, nothing herein shall require the Stockholder to exercise any option to purchase shares of Company Common Stock. 
 (e) No Finder’s Fees. No broker, investment banker, financial advisor or other person is entitled to any broker’s, finder’s, financial adviser’s or other similar fee or commission in connection with the
transactions contemplated by the Merger Agreement or this Agreement based upon arrangements made by or on behalf of the Stockholder. 
 (f) Reliance by Parent. The Stockholder understands and acknowledges that Parent is entering into the Merger Agreement in reliance upon the Stockholder’s execution and delivery of this Agreement. 
 10. Certain Restrictions. The Stockholder shall not, directly or indirectly, take any action that would make any representation or warranty of the
Stockholder contained herein untrue or incorrect. 
 11. No Solicitation. 
 The Stockholder (in the Stockholder’s capacity as such) shall not, and shall (in the Stockholder’s capacity as such) use reasonable efforts to cause its
directors, officers or other employees, controlled affiliates, or any investment banker, attorney or other advisor or representative retained by the Stockholder (collectively, “Representatives”) not to (and shall not authorize or
knowingly permit any of them to), directly or indirectly, (i) solicit, initiate, or knowingly encourage, knowingly facilitate or induce the making, submission or announcement of, an Acquisition Proposal, (ii) furnish or make available to
any Person (other than (x) Parent, Merger Sub or any designees of Parent or Merger Sub, or (y) a Governmental Entity) any material non-public information relating to the Company or any of its Subsidiaries, including by affording access to
the business, properties, assets, books or records of 

  

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the Company or any of its Subsidiaries to any Person (other than (x) Parent, Merger Sub or any designees of Parent or Merger Sub, or (y) a
Governmental Entity), in any case with the intent to facilitate an Acquisition Proposal or under facts and circumstances that would reasonably be expected to facilitate or reasonably be expected to lead to an Acquisition Proposal,
(iii) participate or engage in discussions or negotiations with any Person with respect to an Acquisition Proposal, (iv) approve, endorse or recommend an Acquisition Proposal, or (v) execute or enter into any letter of intent,
memorandum of understanding or Contract contemplating or otherwise relating to an Acquisition Transaction; provided, however that the Stockholder may engage in any of the foregoing activities if and solely to the extent that the Company is permitted
to engage in such activities pursuant to Section 7.1 of the Merger Agreement. The Stockholder shall immediately cease any and all existing activities, discussions or negotiations with any Persons conducted heretofore with respect to any
Acquisition Proposal. Without limiting the generality of the foregoing, the Stockholder acknowledges and hereby agrees that any violation of the restrictions set forth in this Section 11 by any of its Representatives (excluding the
Company) shall be deemed to be a breach of this Section 11 by the Stockholder. The Stockholder shall not enter into any letter of intent or similar document or any agreement contemplating or otherwise relating to an Acquisition Proposal
unless and until this Agreement is terminated pursuant to its terms. 
 12. Disclosure. Subject to reasonable prior notice and
approval (which shall not be unreasonably withheld or delayed), the Stockholder shall permit and hereby authorizes Parent to publish and disclose in all documents and schedules filed with the Securities and Exchange Commission, and any press release
or other disclosure document that Parent determines to be necessary or desirable in connection with the Merger and any transactions related to the Merger, the Stockholder’s identity and ownership of Shares and the nature of the
Stockholder’s commitments, arrangements and understandings under this Agreement. 
 13. Consents and Waivers. The Stockholder
hereby gives any consents or waivers that are reasonably required for the consummation of the Merger under the terms of any agreements to which the Stockholder is a party or pursuant to any rights the Stockholder may have. 
 14. Further Assurances. Subject to the terms and conditions of this Agreement, the Stockholder shall use commercially reasonable efforts to take,
or cause to be taken, all actions, and to do, or cause to be done, all things necessary to fulfill such Stockholder’s obligations under this Agreement. The Stockholder, in the Stockholder’s capacity as a stockholder of the Company, shall
at all times publicly support the Offer and the Merger. 
 15. Legending of Shares. If so requested by Parent, the Stockholder agrees
that the Shares shall bear a legend stating that they are subject to this Agreement and the Proxy. 
 16. Termination. This Agreement
and the Proxy shall terminate and shall have no further force or effect as of the Expiration Date. Notwithstanding the foregoing, nothing set forth in this Section 16 or elsewhere in this Agreement shall relieve either party hereto from
liability, or otherwise limit the liability of either party hereto, for any breach of this Agreement. 
  

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 17. Miscellaneous. 
 (a) Validity. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability
of the other provisions of this Agreement, which will remain in full force and effect. In the event any Governmental Entity of competent jurisdiction holds any provision of this Agreement to be null, void or unenforceable, the parties hereto shall
negotiate in good faith and execute and deliver an amendment to this Agreement in order, as nearly as possible, to effectuate, to the extent permitted by law, the intent of the parties hereto with respect to such provision. 
 (b) Binding Effect and Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations of the parties hereto may be assigned by either of the parties without the prior written consent
of the other. 
 (c) Amendments; Waiver. This Agreement may be amended by the parties hereto, and the terms and
conditions hereof may be waived, only by an instrument in writing signed on behalf of each of the parties hereto, or, in the case of a waiver, by an instrument signed on behalf of the party waiving compliance. 
 (d) Specific Performance; Injunctive Relief. The parties hereto acknowledge that Parent shall be irreparably harmed and that there
shall be no adequate remedy at law for a violation of any of the covenants or agreements of the Stockholder set forth herein. Therefore, it is agreed that, in addition to any other remedies that may be available to Parent upon any such violation,
Parent shall have the right to enforce such covenants and agreements by specific performance, injunctive relief or by any other means available to Parent at law or in equity. 
 (e) Notices. All notices and other communications pursuant to this Agreement shall be in writing and deemed to be sufficient if
contained in a written instrument and shall be deemed given if delivered personally, telecopied, sent by nationally-recognized overnight courier or mailed by registered or certified mail (return receipt requested), postage prepaid, to the parties at
the following address (or at such other address for a party as shall be specified by like notice): 
 If to Parent:

 Polycom, Inc. 
 4750 Willow Road 
 Pleasanton, CA 94588 
 Attention: Chief Financial Officer, General Counsel 
 Telecopy No.: (925) 924-5702 
 with copies (which shall not constitute notice) to: 
 Wilson Sonsini Goodrich &
Rosati 
 Professional Corporation 
 650 Page Mill Road 
 Palo Alto, California 94304-1050 
  

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 Attention:        Mark Bertelsen, Esq.

                          Tony Jeffries, Esq. 
 Telecopy No.: (650) 493-6811 
 and to: 
 Wilson Sonsini Goodrich & Rosati 
 Professional Corporation 
 One Market, Spear Tower 
 Suite 3300 
 San Francisco, California 94105-1126 
 Attention: Michael S. Ringler, Esq. 
 Telecopy No.: (415) 947-2099 
 If to the Stockholder: 
 ______________________ 
 ______________________ 
 ______________________ 
 Attention: 
 Telecopy No.: 
 with a copy (which shall not constitute notice) to: 
 Fenwick & West LLP 
 801 California Street 
 Mountain View, California 94041 
 Attention: Mark Leahy, Esq. 
 Telecopy No.:(650) 938-5200 
 (f) No Waiver. The failure of either party hereto to
exercise any right, power or remedy provided under this Agreement or otherwise available in respect of this Agreement at law or in equity, or to insist upon compliance by any other party with its obligation under this Agreement, and any custom or
practice of the parties at variance with the terms of this Agreement, shall not constitute a waiver by such party of such party’s right to exercise any such or other right, power or remedy or to demand such compliance. 
 (g) No Third Party Beneficiaries. This Agreement is not intended to confer upon any person other than the parties hereto any rights
or remedies hereunder. 
 (h) Governing Law. This Agreement shall be governed by the laws of the State of Delaware,
without reference to rules of conflicts of law. 
 (i) Submission to Jurisdiction. All actions and proceedings arising
out of or relating to this Agreement shall be heard and determined exclusively in any Delaware state or federal 

  

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court sitting in New Castle County. The parties hereto hereby (i) submit to the exclusive jurisdiction of any state or federal court sitting in the New
Castle County for the purpose of any action arising out of or relating to this Agreement brought by any party hereto, and (ii) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such action, any claim
that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the action is brought in an inconvenient forum, that the venue of the action is improper, or
that this Agreement or the transactions contemplated hereby may not be enforced in or by any of the above-named courts. 
 (j)
Rules of Construction. The parties hereto agree that they have been represented by counsel during the negotiation and execution of this Agreement and, therefore, waive the application of any law, regulation, holding or rule of construction
providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. 
 (k) Entire Agreement. This Agreement and the Proxy contain the entire understanding of the parties hereto in respect of the subject matter hereof, and supersede all prior negotiations, agreements and
understandings, both written and oral, between the parties hereto with respect to the subject matter hereof. 
 (l)
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance of the transactions contemplated herein are not affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to give effect to the original intent of the parties hereto as closely as possible in a mutually acceptable manner. 
 (m) Interpretation. 
 (i) Whenever the words “include,” “includes” or “including” are used in this Agreement they shall be deemed to be followed by the words “without limitation.” As used in this
Agreement, the term “affiliate” shall have the meaning set forth in Rule 12b-2 promulgated under the Exchange Act. 
 (ii) The article and section headings contained in this Agreement are solely for the purpose of reference, are not part of the agreement of the parties hereto and shall not in any way affect the meaning or interpretation of this Agreement.

 (n) Expenses. All costs and expenses incurred in connection with this Agreement and the transactions contemplated
hereby shall be paid by the party incurring the expenses. 
 (o) Counterparts. This Agreement may be executed in
several counterparts, each of which shall be an original, but all of which together shall constitute one and the same agreement. 
  

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 (p) No Obligation to Exercise Options. Notwithstanding any provision of this
Agreement to the contrary, nothing in this Agreement shall obligate the Stockholder to exercise any option or other right to acquire shares of Company Common Stock. 
 [Remainder of Page Intentionally Left Blank] 
  

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 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed by their respective duly
authorized officers to be effective as of the date first above written. 
  

									
	POLYCOM, INC.	 		 	STOCKHOLDER:
			
		 		 	  
					
	By:	 	  	 		 	By:	 	  
	Name: ______________________________________________	 		 	Name: ______________________________________________
	Title: _______________________________________________	 		 	Title: _______________________________________________
				
		 		 		 	Shares beneficially owned:
				
		 		 		 	_________________ shares of Company Common Stock
				
		 		 		 	_________________ shares of Company Common Stock issuable upon exercise of outstanding options or warrants

 **** TENDER AND VOTING AGREEMENT **** 

 EXHIBIT A 
 IRREVOCABLE PROXY 
 The undersigned stockholder (the “Stockholder”) of SpectraLink
Corporation, a Delaware corporation (the “Company”), hereby irrevocably (to the fullest extent permitted by law) appoints Michael Kourey and Sayed Darwish of Polycom, Inc., a Delaware Corporation (“Parent”), and
each of them, as the sole and exclusive attorneys and proxies of the undersigned, with full power of substitution and resubstitution, to vote and exercise all voting and related rights (to the full extent that the undersigned is entitled to do so)
with respect to all of the shares of capital stock of the Company that now are or hereafter may be beneficially owned by the undersigned, and any and all other shares or securities of the Company issued or issuable in respect thereof on or after the
date hereof (collectively, the “Shares”) in accordance with the terms of this Irrevocable Proxy until the Expiration Date (as defined below). Upon the undersigned’s execution of this Irrevocable Proxy, any and all prior proxies
given by the undersigned with respect to any Shares are hereby revoked and the undersigned agrees not to grant any subsequent proxies with respect to the Shares until after the Expiration Date. 
 This Irrevocable Proxy is irrevocable to the fullest extent permitted by law, is coupled with an interest and is granted pursuant to that certain Tender
and Voting Agreement of even date herewith by and between Parent and the undersigned stockholder (the “Tender and Voting Agreement”), and is granted in consideration of Parent entering into that certain Agreement and Plan of Merger
of even date herewith (the “Merger Agreement”), among Parent, a wholly-owned subsidiary of Parent (“Merger Sub”), and the Company. The Merger Agreement provides for, among other things, (i) an offer by Merger
Sub to pay $11.75 in cash (the “Offer Price”) for each of the issued and outstanding shares of common stock, par value $0.01 per share, of the Company (“Company Common Stock”) and (ii) the merger of Merger Sub
with and into the Company, pursuant to which all outstanding shares of capital stock of the Company will be converted into the right to receive the consideration set forth in the Merger Agreement. 
 As used herein, the term “Expiration Date” shall mean the earliest to occur of (i) such date and time as the Merger Agreement shall
have been terminated pursuant to Article IX thereof, or (ii) such date and time as the Merger shall become effective in accordance with the terms and provisions of the Merger Agreement, or (iii) such date and time as any amendment or
change to the Merger Agreement is effected without the Stockholder’s consent that decreases the Offer Price. 
 The attorneys and
proxies named above, and each of them, are hereby authorized and empowered by the undersigned, at any time prior to the Expiration Date, to act as the undersigned’s attorney and proxy to vote the Shares, and to exercise all voting, consent and
similar rights of the undersigned with respect to the Shares (including, without limitation, the power to execute and deliver written consents) at every annual, special, adjourned or postponed meeting of stockholders of the Company and in every
written consent in lieu of such meeting: (i) in favor of the adoption of the Merger Agreement, and in favor of each of the other actions contemplated by the Merger Agreement; (ii) against approval of any proposal made in opposition to, or
in competition with, consummation of the Offer, the Merger or any other transactions contemplated by the Merger Agreement; and (iii)

 
against any of the following actions (other than those actions that relate to the Offer, the Merger and any other transactions contemplated by the Merger
Agreement): (A) any merger, consolidation, business combination, sale of assets, or reorganization of the Company or any subsidiary of the Company, (B) any sale, lease or transfer of any significant part of the assets of the Company or any
subsidiary of the Company, (C) any reorganization, recapitalization, dissolution, liquidation or winding up of the Company or any subsidiary of the Company, (D) any material change in the capitalization of the Company or any subsidiary of
the Company, or the corporate structure of the Company or any subsidiary of the Company, or (E) any other action that is intended, or could reasonably be expected to, impede, interfere with, delay, postpone, discourage or adversely affect the
Offer, the Merger or any other transactions contemplated by the Merger Agreement. 
 The attorneys and proxies named above may not exercise
this Irrevocable Proxy on any other matter. The undersigned stockholder may vote the Shares on all other matters. 
 Any obligation of the
undersigned hereunder shall be binding upon the successors and assigns of the undersigned. 
 This Irrevocable Proxy shall terminate, and be
of no further force and effect, automatically upon the Expiration Date. 
  

									
	Dated: _________, 2007	 		 	STOCKHOLDER:
			
		 		 	  
					
		 		 		 	By:	 	  
		 		 		 	Name: ______________________________________________
		 		 		 	Title: _______________________________________________

 **** IRREVOCABLE PROXY ****Officer Severance Pay Policy

 Exhibit 10.1 
  

							
	  
 

  
	 	Number:	 	HR-	 	Rev:            
	 	Date:	 		 	
	 	Sheet:	 	1 of 4	 	

 HUMAN RESOURCES POLICY 
 OFFICER SEVERANCE PAY 
 RECORD OF DOCUMENT APPROVALS FOR INITIAL RELEASE

  

																	
	 	  	Originator	  	Checked	  	End User	  	Q.A.	  	Approved	  	Approved	  	Approved
									
		 	NAME	  		  		  		  		  		  		  	
									
	BY	 	TITLE	  		  		  		  		  		  		  	
									
		 	DATE	  		  		  		  		  		  		  	

	1.0	SCOPE 

 This policy applies to all Officers
of Kulicke & Soffa Industries, Inc. (“Kulicke & Soffa”) 
  

	2.0	OBJECTIVES 

 Payment and benefit policy for
Officers. 
  

	3.0	RESPONSIBILITY 

 The Management Development
and Compensation Committee of the Board has the primary responsibility for this policy. Any request for administrative clarification must be presented to the Committee Chairperson. There shall be no deviation from this policy without authorization
from the Management Development and Compensation Committee of the Board. 
  

	4.0	APPLICABLE DOCUMENTATION 

 None 

 

	5.0	DEFINITIONS 

 “Cause” shall mean:
(i) theft or embezzlement, (ii) indictment for a felony, (iii) material breach of Kulicke & Soffa’s Code of Ethics, Code of Business Conduct or any written agreement between Kulicke & Soffa and the Officer,
(iv) any act of dishonesty or misconduct (whether in connection with responsibilities as an Officer or otherwise) that either substantially impairs Kulicke & Soffa’s business, goodwill or reputation or substantially compromises
the Officer’s ability to represent Kulicke & Soffa with employees, customers, investors, or the public, or (v) failure to perform assigned lawful duties in a satisfactory manner after five (5) business days’ written
notice (such notice in reasonable detail and making specific reference to the definition of “Cause” and to this paragraph 5.0) and opportunity to cure during such period. 
 “Disability” means the Officer’s incapacity due to physical or mental illness which would render the Officer unable to perform the
essential functions of his position (including with any reasonable accommodation required by applicable law). Any question as to the Officer’s incapacity due to physical or mental illness referred to above to which Kulicke & Soffa and
the Officer cannot agree shall be determined by a qualified independent physician selected jointly by Kulicke & Soffa and the Officer or, if Kulicke & Soffa and the Officer cannot agree, a physician selected jointly by two
physicians, one selected by Kulicke & Soffa and one selected by the Officer. The determination of such a physician made in writing to Kulicke & Soffa and the Officer shall be final and conclusive for purposes of this Agreement.

 “Good Reason” shall mean: without the Officer’s consent, (i) any substantial diminution in the position or authority of
the Officer which is (are) inconsistent with the Officer’s then current position or authority, (ii) reduction of the Officer’s base salary (other than a percentage reduction applicable to all other Officers) or exclusion of the
Officer from compensation or benefit plans made available to other Officers in his or her salary grade, (iii) any requirement by Kulicke & Soffa that the Officer relocate his primary office or location to any office or location more
than 30 more miles away from the Officer’s then current primary residence, except for relocations in connection with termination of expatriate assignments, (iv) termination of this policy, (v) amendment or modification of this policy
that materially and adversely affects the Officer’s rights hereunder, (vi) failure by any successor to Kulicke & Soffa to expressly adopt this policy; 

 “Officers” shall mean the Chief Executive Officer and all other employees of Kulicke &
Soffa salary grade 18 and above. 
 “Termination Date” shall mean the Officer’s last day of employment with Kulicke &
Soffa. 
  

	6.0	POLICY 

  

	 	6.1	Kulicke & Soffa shall provide the following severance payments and benefits to Officers who (i) are terminated by Kulicke & Soffa (A) without
“Cause” or (B) because of Disability, or (ii) voluntarily terminate their employment for Good Reason: 

  

	 	•	 	 An amount equal to six (6) months of base salary, at the rate paid as of the Termination Date, less legally required deductions and employee authorized
deductions. 

  

	 	•	 	 In addition, an amount equal to twelve (12) months of base salary, at the rate paid as of the Termination Date, less legally required deductions and employee
authorized deductions; provided that, the Officer and Kulicke & Soffa have entered into and not revoked a severance agreement and general release in favor of Kulicke & Soffa, in the form provided to the Officer by
Kulicke & Soffa (the “Release”). 

  

	 	•	 	 Kulicke & Soffa shall pay severance payments in the form of salary continuation payable on such Officer’s regularly scheduled pay dates during the
period beginning on the Termination Date and ending on March 1 of the calendar year following the Termination Date. On March 1, Kulicke & Soffa shall pay the unpaid balance of the severance payments to the Officer in a lump sum
amount. 

  

	 	•	 	 Continuation of participation in medical, prescription drug, dental, and vision benefit programs for six (6) months after the Termination Date, and for an
additional twelve (12) month period provided that the Officer and Kulicke & Soffa have entered into the Release. Participation would be at the same rate of premium payment by Officer applicable to current employees.

  

	 	•	 	 Continuation of eligibility to participate in life insurance program to a maximum of six (6) months after the Termination Date, subject to the agreement of the
life insurance provider 

  

	 	•	 	 The right to make contributions to the Kulicke & Soffa 401(k) Plan and vesting under the Kulicke & Soffa 401(k) Plan shall cease effective on the
Termination Date. 

  

	 	•	 	 No stock options shall vest after the Termination Date and the former Officer shall have three (3) months after the Termination Date to exercise vested stock
options, unless different terms apply under the applicable stock option plan(s) if the Officer is eligible to retire under the terms of such plan(s). Any entitlement to Performance Share awards shall be determined in accordance with the terms of the
applicable plan. 

  

	 	•	 	 An Officer is eligible for a quarterly cash incentive award for a fiscal quarter (if awards are granted) under the Officer Incentive Plan only if the Officer’s
Termination Date is on or after the last day of such fiscal quarter. Payment, if any, will take place on payment date determined for that award period for Officers. 

  

	 	6.2	 Notwithstanding anything to the contrary set forth in this Policy, Kulicke & Soffa will not pay any severance payment or benefit of any kind to an Officer
terminated by Kulicke & Soffa in connection with a divestiture of a business of Kulicke & Soffa if the Officer receives an offer of employment from the purchaser of the divested business (or an affiliate of the purchaser) which
includes targeted annual cash compensation of at least 90% of his or her targeted annual cash 

	 	 
compensation at Kulicke & Soffa on the Termination Date. For purposes of this calculation, Kulicke & Soffa targeted annual cash
compensation shall not include any special bonus or other amount payable or paid to Officer in connection with the disposition of the of the divested business. 

  

	 	6.3	Notwithstanding anything to the contrary set forth in this policy, if an Officer breaches any provision of a written agreement between such Officer and Kulicke & Soffa,
including an employment agreement, after the Officer’s Termination Date and during the period that such agreement remains in effect, Kulicke & Soffa will make no further severance payments to such Officer and such Officer shall
promptly return all prior severance payments paid to such Officer. 

  

	7.0	APPENDIX 

 None

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