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                                                                    Exhibit 10.9

(FAIRCHILD SEMICONDUCTOR LOGO)

                       FAIRCHILD SEMICONDUCTOR STOCK PLAN
                          DEFERRED STOCK UNIT AGREEMENT

PARTICIPANT: John M Watkins        EMPLOYEE ID:       GLOBAL ID:

DATE OF GRANT: April 28, 2003

NUMBER OF DEFERRED STOCK UNITS GRANTED: 5,834

THIS AGREEMENT, effective as of the Date of Grant set forth above, is between
Fairchild Semiconductor International, Inc., a Delaware corporation (the
"Company", "we", "our" or "us") and the Participant named above ("you" or
"yours"), pursuant to the provisions of the Fairchild Semiconductor Stock Plan
(the "Plan") with respect to the number of Deferred Stock Units ("Units")
specified above. Capitalized terms used and not defined in this Agreement shall
have the meanings given to them in the Plan. This Agreement consists of this
document, any related Settlement Election Form, and the Plan.

You and the Company agree as follows:

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<S>                      <C>                                                    <C>
1. APPLICATION OF        This Agreement and your rights under this Agreement are subject to all the terms and conditions of the
PLAN; ADMINISTRATION     Plan, as it may be amended from time to time, as well as to such rules and regulations as the Committee
                         may adopt. It is expressly understood that the Committee that administers the Plan is authorized to
                         administer, construe and make all determinations necessary or appropriate to the administration of the
                         Plan and this Agreement, all of which shall be binding upon you to the extent permitted by the Plan. Any
                         inconsistency between this Agreement and the Plan shall be resolved in favor of the Plan.
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2. VESTING               The Units will vest (becoming "Vested Units") on the following Vesting Dates if you are employed or in the
                         service of the Company or an Affiliate on those dates:

                         Vesting Date                                                          Percentage Vested
                                                                                (including portion that vested the preceding year)
                         1st Anniversary of Grant Date.................................................25%
                         2nd Anniversary of Grant Date.................................................50%
                         3rd Anniversary of Grant Date.................................................75%
                         4th Anniversary of Grant Date................................................100%
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3. RIGHTS AS             You will not be entitled to any privileges of ownership of the shares of Common Stock underlying your Units
STOCKHOLDER              (the "Shares") unless and until Shares are actually delivered to you under this Agreement.
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4. DIVIDENDS             You will be credited with additional Deferred Stock Units having a value equal to declared dividends, if
                         any, with record dates that occur prior to the settlement of any Units as if such Units had been actual
                         Shares, based on the Fair Market Value of a Share on the applicable dividend payment date. Any such
                         additional Deferred Stock Units shall be considered Units under this Agreement and shall also be credited
                         with additional Deferred Stock Units as dividends, if any, are declared, and shall be subject to the same
                         restrictions and conditions as Units with respect to which they were credited. Notwithstanding the
                         foregoing, no such additional Deferred Stock Units will be credited with respect to any dividend in
                         connection with which Units are adjusted pursuant to Section 3(c) of the Plan.
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5. SETTLEMENT OF UNITS   (a)  Time of Settlement. Each Vested Unit will be settled by the delivery of one Share to you or, in the
                              event of your death, to your designated beneficiary, promptly following the date or dates (any such
                              date, the "Settlement Date") you have elected on the attached Settlement Election Form. You may
                              change the Settlement Election Date one time only, and only to a later date, as provided in the
                              Settlement Election Form.
                         (b)  Termination Prior to Settlement Date.  If your employment or service with the Company is terminated
                              prior to any Settlement Date, your Units will be treated as specified in the Settlement Election Form.
                         (c)  Forfeiture of Unvested Units. All Units that are not Vested Units at the time of termination will
                              be forfeited effective as of the last Settlement Date to occur under this Agreement.
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6. TRANSFERABILITY       Your Units are not transferable, whether voluntarily or involuntarily, by operation of law or otherwise,
                         except as provided in the Plan. Any assignment, pledge, transfer, or other disposition, voluntary or
                         involuntary, of your Units made, or any attachment, execution, garnishment, or lien issued against or
                         placed upon the Units, other than as so permitted, shall be void.
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<S>                      <C>                                                    <C>
7. TAXES                 (a)  Social Security and Medicare Taxes. You may be subject to Social Security tax, and you will be
                              subject to Medicare tax on the date or dates your Units become Vested Units under Section 2 above,
                              based on the Fair Market Value of the Shares underlying the Units that vest.  The Company will pay
                              such taxes on your behalf, including any income, Social Security and Medicare taxes attributable to
                              the Company's payment of such taxes.  Payments on your behalf will be reflected in your compensation
                              for federal, state and local income tax purposes.
                         (b)  Income Taxes. You will be subject to U.S. federal income tax on the Settlement Date, based on the
                              Fair Market Value of Shares received in settlement of Vested Units. YOU WILL BE SOLELY RESPONSIBLE
                              FOR THE PAYMENT OF ALL SUCH INCOME TAXES, AS WELL AS FOR ANY OTHER STATE, LOCAL OR NON-U.S. TAXES
                              THAT MAY BE RELATED TO YOUR RECEIPT OF THE SHARES. Not later than 90 days before any scheduled
                              Settlement Date, you must arrange with the Company for the timely payment of all withholding taxes
                              the Company is obligated to collect from you and remit to U.S. and other applicable tax authorities.
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8. MISCELLANEOUS         (a)  This Agreement shall not confer upon you any right to continue as an employee, or otherwise in the
                              service of, the Company or any Affiliate, nor shall this Agreement interfere in any way with the
                              Company's or such Affiliate's right to terminate your employment or service at any time.
                         (b)  Without limiting the generality of Section 1 above, with the approval of the Board, and subject to
                              the terms of the Plan, the Committee may terminate, amend, or modify the Plan; provided, however,
                              that no such termination, amendment, or modification of the Plan may in any way adversely affect your
                              rights under this Agreement without your consent.
                         (c)  This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals
                              by any governmental agencies or stock exchanges as may be required.
                         (d)  To the extent not preempted by U.S. federal law, this Agreement shall be governed by, and construed
                              in accordance with, the laws of the State of Delaware.
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9. SIGNATURES            By the signatures below, the Participant and the authorized representative of the Company acknowledge
                         agreement to this Deferred Stock Unit Agreement as of the Grant Date specified above.

                         PARTICIPANT:                                           FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC.

                         /s/ John M. Watkins                                    /s/ Kirk P. Pond
                         -------------------                                    ----------------
                         JOHN M WATKINS                                         Kirk P. Pond
                                                                                Chairman, President and CEO
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TO ACCEPT YOUR DSU GRANT:
     1.   Sign BOTH copies of this Deferred Stock Unit Agreement;
     2.   Sign the BOTH copies of the Settlement Election Form;
     3.   Retain one copy of each for your records;
     4.   Return one copy of each in the enclosed envelope to the Human
          Resources Service Center, Mail Stop 35-1D, 82 Running Hill Road, South
          Portland, ME 04106 USA.

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(FAIRCHILD SEMICONDUCTOR LOGO)

                       FAIRCHILD SEMICONDUCTOR STOCK PLAN
                  DEFERRED STOCK UNIT SETTLEMENT ELECTION FORM

This Settlement Election Form relates to the following grant of Deferred Stock
Units:

PARTICIPANT: John M Watkins        EMPLOYEE ID:       GLOBAL ID:

DATE OF GRANT: April 28, 2003

NUMBER OF DEFERRED STOCK UNITS GRANTED: 5,834

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<S>                      <C>                                                    <C>
1. SETTLEMENT ELECTION   CHECK ONLY ONE OPTION:

                         _____    SPECIFIED DATE. Subject to Sections 2 and 3 below, I elect to have all Vested Units that I may
                                  hold under the Deferred Stock Unit Award Agreement to which this election relates settled by
                                  delivery of Shares to me on ____________________, which date is at least one year following the
                                  Grant Date of such Units. If the date specified occurs before the last scheduled Vesting Date
                                  under this grant, then Units that vest after such specified date will be settled promptly
                                  following any such subsequent Vesting Date(s).

                         _____    VESTING DATES. Subject to Sections 2 and 3 below, I elect to have Vested Units that I may hold
                                  under the Deferred Stock Unit Award Agreement to which this election relates settled by delivery
                                  of Shares to me promptly following each date or dates on which vesting of Units occurs.
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2. AUTOMATIC             I hereby acknowledge and agree that (a) if my employment is terminated for any reason other than Cause,
SETTLEMENT UPON          Death or Disability, any Vested Units will be settled on the first anniversary of my termination date, (b)
TERMINATION              if my employment is terminated for Cause, all units will be immediately forfeited, and (c) if my
                         employment is terminated for Death or Disability, any Vested Units will be settled following my
                         termination date.
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3. ONE-TIME CHANGE OF    I understand that, once, but only once, I can change my election to a later (but not earlier) Settlement
ELECTION PERMITTED       Date than indicated in Section 1 above by filing a new Settlement Election Form with the Company at any
                         time on or before the day (the "Change Deadline Day") that falls one year before the earliest Settlement
                         Date that would occur based on my election in Section 1. I understand that I cannot change my election
                         after the Change Deadline Day, and that I cannot change my election more than once. If the Change Deadline
                         Day falls on a day that is not a business day for the Company, then the last day to change the election in
                         Section 1 will be the first business day following the Change Deadline Day. Any new Settlement Election
                         Form will revoke the previously filed Settlement Election Form, except that, if any Settlement Date
                         purportedly elected on the new form falls within one year after the Change Deadline Day, then such new
                         form will have no effect and the previously elected Settlement Date shall continue to apply.
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4. SIGNATURE
                         PARTICIPANT:                                           DATED AS OF:

                                                                                April 28, 2003
                         ------------------                                     --------------
                         JOHN M WATKINS
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TO ACCEPT YOUR DSU GRANT:
     1.   Sign BOTH copies of the Deferred Stock Unit Agreement;
     2.   Sign the BOTH copies of this Settlement Election Form;
     3.   Retain one copy of each for your records;
     4.   Return one copy of each in the enclosed envelope to the Human
          Resources Service Center, Mail Stop 35-1D, 82 Running Hill Road, South
          Portland, ME 04106 USA.<PAGE>
                                                                   Exhibit 10.10

(FAIRCHILD SEMICONDUCTOR LOGO)

                    [We entered into the following form of Non-qualified Stock
                    Option Agreement with each of the following non-employee
                    directors: Charles P. Carinalli, Richard M. Cashin, Jr.,
                    Charles M. Clough, Ronald A. Shelly, Paul C. Schorr IV and
                    William N. Stout]

                                FAIRCHILD SEMICONDUCTOR STOCK PLAN
                                NON-QUALIFIED STOCK OPTION AGREEMENT

This is a Non-Qualified Stock Option Agreement under the Fairchild Semiconductor
Stock Plan, dated APRIL 28, 2003 (the Grant Date) between Fairchild
Semiconductor International, Inc. (the Company) and _______________, a director
of the Company or one of its subsidiaries (you or the Optionee).

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<S>                  <C>                                  <C>
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OPTION GRANT;        The Company grants you the option to purchase up to 15,000 shares of the Company's Class _______ A Common Stock
EXERCISE PRICE       at an exercise price of $11.50 per share. This option grant is subject to the terms of the Fairchild
                     Semiconductor Stock Plan 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. Capitalized terms not defined in this
                     agreement are defined in the Plan.
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OPTION TERM;         The term of your option is 8 years and one day from the Grant Date. Your option terminates at the end of the
VESTING              term and cannot be exercised after the term. You can exercise your option only to the extent it has vested.
                     Your option will vest in increments, as follows:

                     Vesting Date                                    Percentage Vested
                     1st Anniversary of Grant Date.........................100%
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TERMINATION OF       You must remain a director of the Company or an Affiliate to be able to exercise your option, except as
SERVICE              follows:

                     Retirement, Disability or death. If your service as a director terminates because of your Retirement or
                     Disability (as those terms are defined in the Plan) or your death, then you (or your estate) will have five
                     years from your termination date 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. In addition, if your service as a
                     director terminates because of your Retirement or Disability and you die within the five-year exercise period,
                     your estate will have at least one year after your death to exercise, unless the option term ends earlier, in
                     which case your estate will have until the end of the term to exercise.

                     Termination by the Company. If your service as a director is terminated for Cause (as defined in the Plan), all
                     options will be terminated, whether or not vested, and you may have to repay any gains on prior exercised
                     options. See Sections 5(l) and 12 of the Plan. If your service as a director is terminated by the Company not
                     for Cause and not as a result of your Retirement, Disability or death, then you (or your estate) will have 90
                     days from your termination date 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.

                     All other cases. If your service as a director terminates because you quit, or for any other reason other than
                     those stated above, you (or your estate, if you die within the period) will have 30 days from your termination
                     date 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 your termination, you (or your estate) can exercise your option only to the extent
                     it is vested on your termination date.
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NON-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 Plan, or the levy of any attachment or similar process upon your option, shall be null
                     and void without effect.
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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 SEMICONDUCTOR INTERNATIONAL, INC.

                     _____________________________        /s/ Kirk P. Pond
                     GLOBAL ID/SSN:                       Kirk P. Pond
                                                          Chairman, President and CEO
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