Document:

Form of Deferred Stock Agreement  - Israel

 Exhibit 10.11 

ISRAEL 

TESSERA TECHNOLOGIES, INC. 

2003 EQUITY INCENTIVE PLAN 

DEFERRED STOCK AWARD GRANT NOTICE AND 

DEFERRED STOCK AWARD AGREEMENT 

Tessera Technologies, Inc., a Delaware corporation (the “Company”), pursuant to its 2003 Equity Incentive Plan
and the Sub-Plan for Israeli Participants thereunder (together, as amended to date, the “Plan”), hereby grants to the holder listed below (“Participant”), an award of deferred stock
(“Deferred Stock”) representing a right to receive a number of shares of the Company’s common stock, par value $0.001 (the “Shares”). This award for Deferred Stock (this
“Award”) is subject to all of the terms and conditions as set forth herein and in the Deferred Stock Award Agreement attached hereto as Exhibit A (the “Deferred Stock Agreement”), the Plan and
the Trust Agreement (as defined in the Plan) attached hereto as Exhibit C, each of which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant
Notice and the Deferred Stock Agreement. 
  

			
	 Participant:
	  	
		
	 Employee ID:
	  	
		
	 Grant Date:
	  	
		
	 Vesting Commencement

Date:
	  	
		
	Total Number of Shares Represented by the Deferred Stock:	  	
		
	 Vesting Schedule:
	  	The Award shall vest as set forth on Exhibit B attached hereto.
		
	 Total Purchase Price:
	  	$             (Total Number of Shares x $0.001)
		
	 Distribution Schedule:
	  	The Deferred Stock shall be distributable as they vest pursuant to the Vesting Schedule.
		
	Type of Award/Elected Tax Route:	  	Trustee 102 Award (CGA)

 By his or her
signature and the Company’s signature below, Participant agrees to be bound by the terms and conditions of the Plan, the Deferred Stock Agreement and this Grant Notice and the Trust Agreement. The Participant has reviewed the Deferred Stock
Agreement, the Plan, the Trust Agreement and this Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully understands all provisions of this Grant Notice, the Deferred
Stock Agreement and the Plan. Participant declares that he or she is familiar with the provisions of Section 102, the elected Tax Route indicated above ant he Trust Agreement and hereby undertakes not to sell or transfer the Deferred Stock
and/or the Shares issued pursuant to the Grant Notice and Deferred Stock Agreement prior to the lapse of the Minimum Trust Period unless Participant shall pay all taxes, which may arise in connection with such sale and/or transfer. Participant
hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator of the Plan upon any questions arising under the Plan, the Trust Agreement, this Grant Notice or the Deferred Stock Agreement. 

I have read and accepted all terms and conditions of the Plan posted on www.etrade.com. Below are instructions on how to access the
Plan: 

 1. Log into E*TRADE account. 

2. Click on Employee Stock Plan. 

3. Click on Company Info. 

4. Click on Documents. 

5. Click on 2003 Plan. 
  

							
	TESSERA TECHNOLOGIES, INC.	  	PARTICIPANT
				
	By:	  	  
	  	By:	  	  

	Print Name:	  	 Michael Anthofer
	  	Print Name:	  	  

	Title:	  	 EVP, Chief Financial Officer
	  	Date:	  	  

	Address:	  	 3025 Orchard Parkway
	  		  	
		  	 San Jose, CA 95134
	  		  	
	Date:	  	  
	  		  	

 EXHIBIT A 

TO DEFERRED STOCK AWARD GRANT NOTICE 

TESSERA TECHNOLOGIES, INC. 

DEFERRED STOCK AWARD AGREEMENT 

Pursuant to the Deferred Stock Award Grant Notice (the “Grant Notice”) to which this Deferred Stock Award
Agreement (this “Agreement”) is attached, Tessera Technologies, Inc., a Delaware corporation (the “Company”), has granted to Participant the right to receive the number of units of Deferred Stock under
the Company’s 2003 Equity Incentive Plan and the Sub-Plan for Israeli Participants thereunder (together, as amended to date, the “Plan”) as set forth in the Grant Notice. 

ARTICLE I. 

GENERAL 

1.1 Definitions. All capitalized terms used in this Agreement without definition shall have the meanings ascribed in the Plan and
the Grant Notice. 
 1.2 Incorporation of Terms of Plan. The Award and this Agreement are subject to the Plan, the terms
and conditions of which are incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control. 

ARTICLE II. 

DEFERRED STOCK AWARD 

2.1 Deferred Stock Award. 

(a) Award. The Company hereby grants to Participant the right to receive the number of Shares set forth in the Grant Notice,
subject to all of the terms and conditions set forth in this Agreement, the Grant Notice and the Plan. Each units of Deferred Stock represents the right to receive one Share. Participant is a Service Provider. Prior to actual issuance of any Shares,
the Award represents an unsecured obligation of the Company, payable only from the general assets of the Company. 
 (b)
Vesting. The Deferred Stock shall vest in accordance with the Vesting Schedule set forth in the Grant Notice. Unless and until the Deferred Stock has vested in accordance with the vesting schedule set forth in the Grant Notice, Participant
will have no right to any distribution with respect to such Deferred Stock. In the event of Participant’s Termination of Services for any reason prior to the vesting of all of the Deferred Stock, any unvested Deferred Stock will terminate
automatically without any further action by the Company and be forfeited without further notice and at no cost to the Company. 

(c) Distribution of Stock. 

(i) Shares shall be distributed to Participant (or in the event of Participant’s death, to his or her estate) with respect to such
Participant’s vested Deferred Stock granted to Participant pursuant to this Deferred Stock Agreement, subject to the terms and provisions of the Plan, the Trust Agreement and this Deferred Stock Agreement, on each vesting date as the Deferred
Stock vests pursuant to the Vesting Schedule set forth in the Grant Notice. 

 (ii) All distributions shall be made by the Company in the form of whole shares of Common
Stock. 
 (iii) Notwithstanding the foregoing, units of Deferred Stock shall be issuable at such times and upon such events as
are specified in this Agreement. 
 (d) Generally. Shares issued under the Award shall be issued to the trustee appointed
by the Administrator and approved by the Israeli tax authorities (the “Trustee”) in accordance with Section 102 of the Income Tax Ordinance [New Version], 1961 (“Section 102”), on behalf of the Participant or
Participant’s beneficiaries, as the case may be, at the sole discretion of the Administrator, in either (A) uncertificated form, with the Shares recorded in the name of Participant in the books and records of the Company’s transfer
agent with appropriate notations regarding the restrictions on transfer imposed pursuant to this Agreement; or (B) certificate form. 

2.2 Tax Withholding; Conditions to Issuance of Certificates. Notwithstanding any other provision of this Agreement: 

(a) Any tax consequences arising from the vesting or distribution of the Deferred Stock or otherwise pursuant to this Agreement shall be
borne solely by the Participant (including, without limitation, the Participant’s social security and national health insurance payments, if applicable). The Company and/or its Parent or Subsidiary and/or the Trustee shall be entitled to
withhold taxes (if required) according to the requirements under applicable laws, rules and regulations, including withholding taxes at source. The provisions of paragraph (b) below shall set out what will occur if the Company and/or its Parent
and/or Subsidiary and/or the Trustee are required by applicable laws to make a deduction or withholding. Furthermore, the Participant shall agree to indemnify the Company and/or its Parent and/or Subsidiary and/or the Trustee and hold them harmless
against and from any and all liability for any such tax or other payment or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the
Participant 
 (b) No Shares shall be issued or delivered to the Trustee on behalf of the Participant or his legal
representative unless and until Participant or his legal representative shall have paid to the Company and/or, when applicable, the Trustee the full amount of all withholding or other taxes which the Company and/or its Parent and/or Subsidiary
and/or Trustee are required by any applicable law to account to any tax authority resulting from the vesting or distribution of the Deferred Stock or otherwise pursuant to this Agreement (which payment may be made in cash, by deduction from other
compensation payable to Participant or in any form of consideration permitted by the Plan). As provided in Section 17 of the Plan, the Administrator may in its discretion and in satisfaction of the foregoing requirement allow the return or
withholding of shares of Common Stock otherwise issuable pursuant to this Agreement having a Fair Market Value equal to the sums required to be withheld. Notwithstanding any other provision of the Plan, the number of shares of Common Stock which may
be returned or withheld with respect to the vesting or payment of the Award in order to satisfy the Participant’s income and payroll tax liabilities with respect to the issuance, vesting, exercise or payment of the Award shall be limited to the
number of shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for any tax income and payroll tax purposes that are
applicable to such supplemental taxable income. 
 (c) The Company shall not be required to issue or deliver any certificate or
certificates for any Shares prior to the fulfillment of all of the following conditions: (A) the admission of the Shares to listing on all stock exchanges on which such Shares are then listed, (B) the completion of any registration or
other qualification of the Shares under any state, federal or foreign law or under rulings 

 
or regulations of the U.S. Securities and Exchange Commission or other governmental regulatory body, which the Administrator shall, in its sole and absolute discretion, deem necessary and
advisable, (C) the obtaining of any approval or other clearance from any state, federal or foreign governmental agency that the Administrator shall, in its absolute discretion, determine to be necessary or advisable and (D) the lapse of
any such reasonable period of time following the date the Deferred Stock vests as the Administrator may from time to time establish for reasons of administrative convenience. 

ARTICLE III 

TRUST PROVISIONS 

4.1 Issuance of Shares to Trust. Each Share issued pursuant to this Deferred Stock Agreement (and any other Right received in
respect of Shares while Shares are held in trust) shall be deposited with the Trustee and held in trust on behalf of the Participant, for at least the period of time required by Section 102 (the “Minimum Trust Period”),
until such time that such Shares or Rights are released from the trust as herein provided. The Trustee shall hold such Shares or Rights pursuant to the instructions provided by the Administrator from time to time, provided such instructions are
consistent with the terms of the Plan, the trust agreement entered into by the Company and the Trustee, attached hereto as Exhibit C (the “Trust Agreement”) and all applicable laws. 

4.2 Minimum Trust Period; Release of Shares from Trust. Subject to the provisions of Section 102, in order to obtain
favorable Trustee 102 Awards tax treatment, Participant shall not be entitled to sell or release from Trust any Shares issued hereunder or any Rights received with respect to such Shares, until the lapse of the Minimum Trust Period required under
Section 102. Notwithstanding the above, if any such sale or release occurs during the Minimum Trust Period, the implications under Section 102 shall apply to, and shall be borne by, Participant. In the event the requirements for a Trustee
102 Award are not met, then the Deferred Stock and any Shares or Rights received with respect thereto shall be regarded as Non-Trustee 102 Awards, all in accordance with the provisions of Section 102. 

4.3 Condition to Release of Deferred Stock from Trust. No Shares (or Rights received in respect of such Shares) shall be sold or
released from the Trust to Participant unless and until Participant shall have satisfied all of Participant’s tax obligations with respect to such Shares or Rights (including, without limitation, Israeli social security and health insurance
payments, if applicable) and shall have provided the Trustee with sufficient confirmation of the satisfaction of such tax obligations, in a form satisfactory in the opinion of the Trustee. Participant shall satisfy such tax obligations in any manner
contemplated by Section 2.2 above. 
 In general, according to the capital gains Tax Route, which was elected by the
Company, taxable income that should be attributed to Participant as a result of the issuance of Shares upon vesting of the Deferred Stock will be tax-free on their date of issuance but will be taxed upon the sale of such Shares or their transfer
from the Trustee to the Participant. If the Shares issuable upon vesting of the Deferred Stock are held in trust by the Trustee until the lapse of the Minimum Trust Period, gains derived from the sale of such Shares shall be classified as capital
gains and taxed at a rate of 25%, except for gains derived at the time of issuance of such Shares, equal to the average closing price of the Company’s Share on a stock exchange during 30 trading days prior to the date of issuance. Such benefit
shall be subject to tax at the time of sale of the Shares, or transfer, as ordinary income (i.e. at marginal tax rates (up to 47% on 2008) plus Israeli social security and national health insurance payments). 

 ARTICLE IV 

OTHER PROVISIONS 

2.3 Tax Representations. Participant has reviewed with Participant’s own tax advisors the tax consequences of this investment
and the transactions contemplated by the Grant Notice and this Agreement. Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. Participant understands that Participant (and
not the Company) shall be responsible for Participant’s own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement. 

2.4 Deferred Stock Not Transferable. None of the Award and the rights conveyed hereunder, including the right to receive Shares
upon the vesting of the Deferred Stock or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of Participant or his successors in interest or shall be subject to disposition by transfer, alienation,
anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including
bankruptcy), and any attempted disposition thereof shall be null and void and of no effect. Without deviating from the aforesaid, so long as Shares issuable upon the vesting of the Deferred Stock are held by the Trustee on behalf of Participant,
such Shares may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or the laws of descent and distribution. 

2.5 Rights as Shareholder. Neither the Participant nor any person claiming under or through the Participant shall have any of the
rights or privileges of a shareholder of the Company in respect of any Shares issuable hereunder unless and until certificates representing such Shares (which may be in uncertificated form) will have been issued and recorded on the books and records
of the Company or its transfer agents or registrars, and delivered to the Participant or to the Trustee on behalf of the Participant (including through electronic delivery to a brokerage account). After such issuance, recordation and delivery, the
Participant shall have all the rights of a shareholder of the Company, including with respect to the right to vote the Shares and the right to receive any cash or share dividends or other distributions paid to or made with respect to the Shares;
provided, however, that at the discretion of the Company, and prior to the delivery of Shares, Participant may be required to execute a shareholders agreement in such form as shall be determined by the Company. Without deviating from the
above, with respect to Shares held by the Trustee on behalf of a Participant, in the event a stock dividend (including bonus Shares and any Rights) is declared on such Shares, such stock dividend shall be issued to the Trustee on behalf of
Participant, shall be subject to the provisions of the Plan, and the Minimum Trust Period for such Rights shall be measured from the commencement of the Minimum Trust Period applicable to the Shares with respect to which the dividend was declared,
subject to applicable laws. Furthermore, such Rights shall be subject to all other provisions of the elected Tax Route under Section 102, which is applicable to such Shares. For so long as Shares are held in trust by the Trustee on behalf of
Participant, the voting rights at the Company’s general meeting attached to such Shares will remain with the Trustee. However, the Trustee shall not exercise such voting rights at general meetings. The Trustee shall not be required to notify
Participant of any meeting of the Company’s stockholders. 
 2.6 Not a Contract of Employment or other Service
Relationship. Nothing in this Agreement or in the Plan shall confer upon Participant any right to continue to serve as an employee or other service provider of the Company or any of its affiliates. 

2.7 Governing Law and Jurisdiction. The laws of the State of Delaware shall govern the interpretation, validity, administration,
enforcement and performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws, except to the extent that mandatory provisions of the laws of the State of Israel shall apply. The courts
of the State of California 

 
shall have jurisdiction to settle any dispute which may arise out of, or in connection with, the Plan. The jurisdiction agreement contained in this Section 3.5 is made for the benefit of the
Company and its Parents and Subsidiaries only, which accordingly retains the right to bring proceedings in any other court of competent jurisdiction. By accepting the grant of an Award and not renouncing it, Participant is deemed to have agreed to
submit to such jurisdiction. 
 2.8 Conformity to Securities Laws. Participant acknowledges that the Plan and this
Agreement are intended to conform to the extent necessary with all provisions of the Securities Act and the Exchange Act, and any and all regulations and rules promulgated thereunder by the U.S. Securities and Exchange Commission, including, without
limitation, Rule 16b-3 under the Exchange Act. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the Award is granted, only in such a manner as to conform to such laws, rules and regulations. To the extent
permitted by applicable law, the Plan and this Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

2.9 Amendment, Suspension and Termination. To the extent permitted by the Plan, this Agreement may be wholly or partially amended
or otherwise modified, suspended or terminated at any time or from time to time by the Administrator, provided, that, except as may otherwise be provided by the Plan, no amendment, modification, suspension or termination of this Agreement
shall adversely effect the Award in any material way without the prior written consent of Participant. 
 2.10 Notices.
Notices required or permitted hereunder shall be given in writing and shall be deemed effectively given when sent via email or upon personal delivery or upon deposit in the United States mail by certified mail, with postage and fees prepaid,
addressed to Participant to his or her address shown in the Company records, and to the Company at its principal executive office. Notices required or permitted hereunder shall be given in writing and shall be deemed effectively given when sent via
email or upon personal delivery or upon deposit in the United States mail by certified mail, with postage and fees prepaid, addressed to Participant to his address shown in the Company records, and to the Company at its principal executive office.
By a notice given pursuant to this Section 3.8, either party may hereafter designate a different address for notices to be given to that party. 

2.11 Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and
this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement shall be binding upon Participant and his or her heirs, executors, administrators,
successors and assigns. 
 2.12 Compliance with Applicable Laws. This Agreement shall be subject to all Applicable Laws.
The issuance of Deferred Stock under this Agreement shall entitle the Company to require the Participant to comply with such Applicable Laws as may be necessary. Furthermore, the issuance of the Deferred Stock under this Agreement shall be subject
to the Company’s procurement of all approvals and permits required by regulatory authorities having jurisdiction over the Plan. 

 EXHIBIT B 

TO DEFERRED STOCK AWARD GRANT NOTICE 

VESTING SCHEDULE 

The Award shall vest with respect to one-sixteenth (1/16) of the total number of units of Deferred Stock subject to the Award on the
quarterly anniversary of the Vesting Commencement Date, subject to Participant’s continued status as a Service Provider through each of such vesting dates, such that the Award shall be fully vested with respect to all of the units of Deferred
Stock subject to the Award as of the sixteenth quarterly anniversary of the Vesting Commencement Date. 

 EXHIBIT C 

TRUST AGREEMENTZoran Corporation Amended and Restated 1995 Employee Stock Purchase Plan

 Exhibit 10.2 

Zoran Corporation 

1995 Employee Stock Purchase Plan 

TABLE OF CONTENTS 
  

							
	 	 	 	  	 	  	Page
			
	1.	 	 Establishment, Purpose and Term of Plan
	  	1
				
		 	1.1	  	Establishment	  	1
		 	1.2	  	Purpose	  	1
		 	1.3	  	Term of Plan	  	1
			
	2.	 	 Definitions and Construction
	  	1
				
		 	2.1	  	Definitions	  	1
		 	2.2	  	Construction	  	3
			
	3.	 	 Administration
	  	3
			
	4.	 	 Shares Subject to Plan
	  	4
				
		 	4.1	  	Maximum Number of Shares Issuable	  	4
		 	4.2	  	Adjustments for Changes in Capital Structure	  	4
			
	5.	 	 Eligibility
	  	4
				
		 	5.1	  	Employees Eligible to Participate	  	4
		 	5.2	  	Leased Employees Excluded	  	4
			
	6.	 	 Offerings
	  	5
				
		 	6.1	  	Offering Periods	  	5
		 	6.2	  	Purchase Periods	  	5
		 	6.3	  	Governmental Approval; Stockholder Approval	  	5
			
	7.	 	 Participation in the Plan
	  	5
				
		 	7.1	  	Initial Participation	  	5
		 	7.2	  	Continued Participation	  	6
			
	8.	 	 Right to Purchase Shares
	  	6
				
		 	8.1	  	Purchase Right	  	6
		 	8.2	  	Pro Rata Adjustment of Purchase Right	  	6
			
	9.	 	 Purchase Price
	  	6
			
	10.	 	 Accumulation of Purchase Price through Payroll Deduction
	  	7
				
		 	10.1	  	Commencement of Payroll Deductions	  	7
		 	10.2	  	Limitations on Payroll Deductions	  	7
		 	10.3	  	Election to Change or Stop Payroll Deductions	  	7

  

 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	 	 	  	Page
				
		 	10.4	 	Participant Accounts	  	7
		 	 10.5
	 	No Interest Paid	  	7
		 	 10.6
	 	Company Established Procedures	  	7
			
	 11.
	 	 Purchase of Shares
	  	8
				
		 	 11.1
	 	Exercise of Purchase Right	  	8
		 	 11.2
	 	Return of Cash Balance	  	8
		 	 11.3
	 	Tax Withholding	  	8
		 	 11.4
	 	Expiration of Purchase Right	  	8
			
	 12.
	 	 Limitations on Purchase of Shares; Rights as a Stockholder
	  	8
				
		 	 12.1
	 	Fair Market Value Limitation	  	8
		 	 12.2
	 	Pro Rata Allocation	  	9
		 	 12.3
	 	Rights as a Stockholder and Employee	  	9
			
	 13.
	 	 Withdrawal
	  	9
				
		 	 13.1
	 	Withdrawal From an Offering	  	9
		 	 13.2
	 	Withdrawal from the Plan	  	9
		 	 13.3
	 	Return of Payroll Deductions	  	10
		 	 13.4
	 	Automatic Withdrawal From an Offering	  	10
		 	 13.5
	 	Waiver of Withdrawal Right	  	10
			
	 14.
	 	 Termination of Employment or Eligibility
	  	10
			
	 15.
	 	 Transfer of Control
	  	11
				
		 	 15.1
	 	Definitions	  	11
		 	 15.2
	 	Effect of Transfer of Control on Purchase Rights	  	11
			
	 16.
	 	 Nontransferability of Purchase Rights
	  	12
			
	 17.
	 	 Reports
	  	12
			
	 18.
	 	 Restriction on Issuance of Shares
	  	12
			
	 19.
	 	 Legends
	  	12
			
	 20.
	 	 Notification of Sale of Shares
	  	13
			
	 21.
	 	 Amendment or Termination of the Plan
	  	13
			
	 22.
	 	 Continuation of Initial Plan as to Outstanding Purchase Rights
	  	14

  

 -ii- 

 ZORAN CORPORATION 

AMENDED AND RESTATED 

1995 EMPLOYEE STOCK PURCHASE PLAN 

(As Amended and Restated as of July 21, 2010) 

1. Establishment, Purpose and Term of Plan. 

1.1 Establishment. The Zoran Corporation 1995 Employee Stock Purchase Plan was initially established effective
December 14, 1995 (the “Effective Date”), the effective date of the initial registration by the Company of its Stock under Section 12 of the Exchange Act (the “Initial Plan”). The Initial Plan was amended
and restated in its entirety as the Zoran Corporation Amended and Restated 1995 Employee Stock Purchase Plan (the “Plan”) effective as of the date of commencement of the first Offering under the Plan following approval of the Plan
by the stockholders of the Company on June 6, 1996. 
 1.2 Purpose. The purpose of the Plan to provide
Eligible Employees of the Participating Company Group with an opportunity to acquire a proprietary interest in the Company through the purchase of Stock. The Company intends that the Plan shall qualify as an “employee stock purchase plan”
under Section 423 of the Code (including any amendments or replacements of such section), and the Plan shall be so construed. 

1.3 Term of Plan. The Plan shall continue in effect until the earlier of its termination by the Board or the date on which
all of the shares of Stock available for issuance under the Plan have been issued. 
 2. Definitions and Construction.

 2.1 Definitions. Any term not expressly defined in the Plan but defined for purposes of Section 423 of
the Code shall have the same definition herein. Whenever used herein, the following terms shall have their respective meanings set forth below: 

(a) “Board” means the Board of Directors of the Company. If one or more Committees have been appointed by the Board to
administer the Plan, “Board” also means such Committee(s). 
 (b) “Code” means the Internal Revenue
Code of 1986, as amended, and any applicable regulations promulgated thereunder. 
 (c) “Committee” means a
committee of the Board duly appointed to administer the Plan and having such powers as shall be specified by the Board. Unless the powers of the Committee have been specifically limited, the Committee shall have all of the powers of the Board
granted herein, including, without limitation, the power to amend or terminate the Plan at any time, subject to the terms of the Plan and any applicable limitations imposed by law. 

 

 -1- 

 (d) “Company” means Zoran Corporation, a Delaware corporation, or any
successor corporation thereto. 
 (e) “Compensation” means, with respect to an Offering Period under the Plan,
all amounts paid in cash in the form of base salary during such Offering Period before deduction for any contributions to any plan maintained by a Participating Company and described in Section 401(k) or Section 125 of the Code.
Compensation shall not include commissions, overtime, bonuses, annual awards, other incentive payments, shift premiums, reimbursements of expenses, allowances, long-term disability, workers’ compensation or any amount deemed received without
the actual transfer of cash or any amounts directly or indirectly paid pursuant to the Plan or any other stock purchase or stock option plan. 

(f) “Eligible Employee” means an Employee who meets the requirements set forth in Section 5 for eligibility to
participate in the Plan. 
 (g) “Employee” means any person treated as an employee (including an officer or a
Director who is also treated as an employee) in the records of a Participating Company and for purposes of Section 423 of the Code; provided, however, that neither service as a Director nor payment of a director’s fee shall be sufficient
to constitute employment for purposes of the Plan. 
 (h) “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
 (i) “Fair Market Value” means, as of any date, if the Stock is listed on a national or
regional securities exchange or market system on such date, the closing price of a share of Stock as quoted on the Nasdaq Global Market or such other national or regional securities exchange or market system constituting the primary market for the
Stock, as reported in The Wall Street Journal or such other source as the Company deems reliable. If the relevant date does not fall on a day on which the Stock has traded on such securities exchange or market system, the date on which the
Fair Market Value shall be established shall be the last day on which the Stock was so traded prior to the relevant date, or such other appropriate day as shall be determined by the Board, in its discretion. If there is then no public market for the
Stock, the Fair Market Value on any relevant date shall be as determined by the Board without regard to any restriction other than a restriction which, by its terms, will never lapse. Notwithstanding the foregoing, the Fair Market Value per share of
Stock on the Effective Date shall be deemed to be the public offering price set forth in the final prospectus filed with the Securities and Exchange Commission in connection with the initial public offering of the Stock. 

(j) “Offering” means an offering of Stock as provided in Section 6. 

(k) “Offering Date” means, for any Offering Period, the first day of such Offering Period. 

(l) “Offering Period” means a period determined in accordance with Section 6.1. 

 

 -2- 

 (m) “Parent Corporation” means any present or future “parent
corporation” of the Company, as defined in Section 424(e) of the Code. 
 (n) “Participant” means an
Eligible Employee participating in the Plan. 
 (o) “Participating Company” means the Company or any Parent
Corporation or Subsidiary Corporation which the Board determines should be included in the Plan. The Board shall have the sole and absolute discretion to determine from time to time what Parent Corporations or Subsidiary Corporations shall be
Participating Companies. 
 (p) “Participating Company Group” means, at any point in time, the Company and all
other corporations collectively which are then Participating Companies. 
 (q) “Purchase Date” means, for any
Purchase Period, the last day of such Purchase Period. 
 (r) “Purchase Period” means a period determined in
accordance with Section 6.2. 
 (s) “Purchase Price” means the price at which a share of Stock may be
purchased pursuant to the Plan, as determined in accordance with Section 9. 
 (t) “Purchase Right” means
an option pursuant to the Plan to purchase such shares of Stock as provided in Section 8 which may or may not be exercised during an Offering Period. Such option arises from the right of a Participant to withdraw such Participant’s
accumulated payroll deductions not previously applied to the purchase of Stock under the Plan (if any) and terminate participation in the Plan or any Offering therein at any time during an Offering Period. 

(u) “Stock” means the common stock, par value $0.001, of the Company, as adjusted from time to time in accordance with
Section 4.2. 
 (v) “Subsidiary Corporation” means any present or future “subsidiary
corporation” of the Company, as defined in Section 424(f) of the Code. 
 2.2 Construction. Captions and
titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision of the Plan. Except when otherwise indicated by the context, the singular shall include the plural, the plural shall include the
singular, and use of the term “or” shall include the conjunctive as well as the disjunctive. 
 3.
Administration. 
 The Plan shall be administered by the Board, including any duly appointed Committee of the Board.
All questions of interpretation of the Plan or of any Purchase Right shall be determined by the Board and shall be final and binding upon all persons having an interest in the Plan or such Purchase Right. Subject to the provisions of the Plan, the
Board shall determine all of the relevant terms and conditions of Purchase Rights granted pursuant to the Plan; provided, however, that all Participants granted Purchase Rights pursuant to the Plan shall have the same rights and privileges within
the meaning of Section 423(b)(5) of the Code. All expenses incurred in connection with the administration of the Plan shall be paid by the Company. Notwithstanding anything else contained in the Plan to the contrary, the Board may adopt rules,
procedures or sub-plans applicable to particular Subsidiary Corporations or locations. 
  

 -3- 

 4. Shares Subject to Plan. 

4.1 Maximum Number of Shares Issuable. Subject to adjustment as provided in Section 4.2, the maximum aggregate number
of shares of Stock that may be issued under the Plan shall be seven million two hundred twenty-five thousand (7,225,000) and shall consist of authorized but unissued or reacquired shares of the Stock, or any combination thereof. If an
outstanding Purchase Right for any reason expires or is terminated or canceled, the shares of Stock allocable to the unexercised portion of such Purchase Right shall again be available for issuance under the Plan. 

4.2 Adjustments for Changes in Capital Structure. In the event of any stock dividend, stock split, reverse stock split,
recapitalization, combination, reclassification or similar change in the capital structure of the Company, or in the event of any merger (including a merger effected for the purpose of changing the Company’s domicile), sale of assets or other
reorganization in which the Company is a party, appropriate adjustments shall be made in the number and class of shares subject to the Plan, to the Offering Share Limit set forth in Section 8.1 and to each Purchase Right and in the Purchase
Price. 
 5. Eligibility. 

5.1 Employees Eligible to Participate. Any Employee of a Participating Company is eligible to participate in the Plan except
the following: 
 (a) Employees who are customarily employed by the Participating Company Group for twenty (20) hours or
less per week; 
 (b) Employees who are customarily employed by the Participating Company Group for not more than five
(5) months in any calendar year; and 
 (c) Employees who own or hold options to purchase or who, as a result of
participation in the Plan, would own or hold options to purchase, stock of the Company or of any Parent Corporation or Subsidiary Corporation possessing five percent (5%) or more of the total combined voting power or value of all classes of
stock of such corporation within the meaning of Section 423(b)(3) of the Code. 
 5.2 Leased Employees
Excluded. Notwithstanding anything herein to the contrary, any individual performing services for a Participating Company solely through a leasing agency or employment agency shall not be deemed an “Employee” of such Participating
Company. 
  

 -4- 

 6. Offerings. 

6.1 Offering Periods. Except as otherwise set forth below, the Plan shall be implemented by sequential Offerings of
approximately twenty-four (24) months duration (an “Offering Period”); provided, however that the first Offering Period shall commence on the Effective Date and end on October 31, 1997 (the “Initial Offering
Period”). Subsequent Offerings shall commence on the first days of May and November of each year and end on the last days of the second April and October, respectively, occurring thereafter. Notwithstanding the foregoing, the Board may
establish a different term for one or more Offerings or different commencing or ending dates for such Offerings; provided, however, that no Offering may exceed a term of twenty-seven (27) months. An Employee who becomes an Eligible Employee
after an Offering Period has commenced shall not be eligible to participate in such Offering but may participate in any subsequent Offering provided such Employee is still an Eligible Employee as of the commencement of any such subsequent Offering.
Eligible Employees may not participate in more than one Offering at a time. In the event the first or last day of an Offering Period is not a business day, the Company shall specify the business day that will be deemed the first or last day, as the
case may be, of the Offering Period. 
 6.2 Purchase Periods. Each Offering Period shall consist of four
(4) consecutive purchase periods of approximately six (6) months duration (individually, a “Purchase Period”). The Purchase Period commencing on the Offering Date of the Initial Offering Period shall end on April 30,
1996. A Purchase Period commencing on the first day of May shall end on the last day of the next following October. A Purchase Period commencing on the first day of November shall end on the last day of the next following April. Notwithstanding the
foregoing, the Board may establish a different term for one or more Purchase Periods or different commencing or ending dates for such Purchase Periods. In the event the first or last day of a Purchase Period is not a business day, the Company shall
specify the business day that will be deemed the first or last day, as the case may be, of the Purchase Period. 
 6.3
Governmental Approval; Stockholder Approval. Notwithstanding any other provision of the Plan to the contrary, any Purchase Right granted pursuant to the Plan shall be subject to (a) obtaining all necessary governmental approvals
or qualifications of the sale or issuance of the Purchase Rights or the shares of Stock and (b) obtaining stockholder approval of the Plan. Notwithstanding the foregoing, stockholder approval shall not be necessary in order to grant any
Purchase Right granted in the Plan’s Initial Offering Period; provided, however, that the exercise of any such Purchase Right shall be subject to obtaining stockholder approval of the Plan. 

7. Participation in the Plan. 

7.1 Initial Participation. An Eligible Employee shall become a Participant on the first Offering Date after satisfying the
eligibility requirements of Section 5 and delivering to the Company’s payroll office or other office designated by the Company not later than the close of business for such office on the last business day before such Offering Date (the
“Subscription Date”) a subscription agreement indicating the Employee’s election to participate in the Plan and authorizing payroll deductions. An Eligible Employee who does not deliver a subscription agreement to the
Company’s payroll or other designated office on or before the Subscription Date shall not participate in the Plan for that Offering Period or for any subsequent Offering Period unless such Employee subsequently enrolls in the Plan by filing a
subscription agreement with the Company by the Subscription Date for such subsequent Offering Period. The Company may, from time to time, change the Subscription Date as deemed advisable by the Company in its sole discretion for proper
administration of the Plan. 
  

 -5- 

 7.2 Continued Participation. A Participant shall automatically participate in
the Offering Period commencing immediately after the final Purchase Date of each Offering Period in which the Participant participates until such time as such Participant (a) ceases to be an Eligible Employee, (b) withdraws from the Plan
pursuant to Section 13.2 or (c) terminates employment as provided in Section 14. If a Participant automatically may participate in a subsequent Offering Period pursuant to this Section 7.2, then the Participant is not required to
file any additional subscription agreement for such subsequent Offering Period in order to continue participation in the Plan. However, a Participant may file a subscription agreement with respect to a subsequent Offering Period if the Participant
desires to change any of the Participant’s elections contained in the Participant’s then effective subscription agreement. 

8. Right to Purchase Shares. 

8.1 Purchase Right. Except as set forth below, during an Offering Period each Participant in such Offering Period shall have
a Purchase Right consisting of the right to purchase that number of whole shares of Stock arrived at by dividing Fifty Thousand Dollars ($50,000) by the Fair Market Value of a share of Stock on the Offering Date of such Offering Period; provided,
however, that such number shall not exceed 7,500 shares (the “Offering Share Limit”). Shares of Stock may only be purchased through a Participant’s payroll deductions pursuant to Section 10. 

8.2 Pro Rata Adjustment of Purchase Right. Notwithstanding the foregoing, if the Board shall establish
an Offering Period of less than twenty-three and one-half
(23 1/2) months in duration or more than
twenty-four and one-half (24 1/2) months in
duration, (a) the dollar amount in Section 8.1 shall be determined by multiplying $2,083.33 by the number of months in the Offering Period and rounding to the nearest whole dollar, and (b) the Offering Share Limit shall be determined
by multiplying 312.5 shares by the number of months in the Offering Period and rounding to the nearest whole share. For purposes of the preceding sentence, fractional months shall be rounded to the nearest whole month. 

9. Purchase Price. 

The Purchase Price at which each share of Stock may be acquired in a given Offering Period pursuant to the exercise of all or any portion
of a Purchase Right granted under the Plan shall be set by the Board; provided, however, that the Purchase Price shall not be less than eighty-five percent (85%) of the lesser of (a) the Fair Market Value of a share of Stock on the
Offering Date of the Offering Period, or (b) the Fair Market Value of a share of Stock on the applicable Purchase Date during that the Offering Period. Unless otherwise provided by the Board prior to the commencement of an Offering Period, the
Purchase Price for that Offering Period shall be eighty-five percent (85%) of the lesser of (a) the Fair Market Value of a share of Stock on the Offering Date of the Offering Period, or (b) the Fair Market Value of a share of Stock on
the applicable Purchase Date during that Offering Period. 
  

 -6- 

 10. Accumulation of Purchase Price through Payroll Deduction. 

Shares of Stock which are acquired pursuant to the exercise of all or any portion of a Purchase Right for an Offering Period may be paid
for only by means of payroll deductions from the Participant’s Compensation accumulated during the Offering Period. Except as set forth below, the amount of Compensation to be deducted from a Participant’s Compensation during each pay
period shall be determined by the Participant’s subscription agreement. 
 10.1 Commencement of Payroll
Deductions. Payroll deductions shall commence on the first payday following the Offering Date and shall continue to the end of the Offering Period unless sooner altered or terminated as provided in the Plan. 

10.2 Limitations on Payroll Deductions. The amount of payroll deductions with respect to the Plan for any Participant
during any pay period shall be in one percent (1%) increments not to exceed ten percent (10%) of the Participant’s Compensation for such pay period. Notwithstanding the foregoing, the Board may change the limits on payroll deductions
effective as of a future Offering Date, as determined by the Board. Amounts deducted from Compensation shall be reduced by any amounts contributed by the Participant and applied to the purchase of Company stock pursuant to any other employee stock
purchase plan qualifying under Section 423 of the Code. 
 10.3 Election to Change or Stop Payroll
Deductions. During an Offering Period, a Participant may elect to increase or decrease the amount deducted or stop deductions from his or her Compensation by filing an amended subscription agreement with the Company on or before the
“Change Notice Date.” The “Change Notice Date” shall initially be the seventh (7th) day prior to the end of the first pay period for which such election is to be effective; however, the Company may change such Change
Notice Date from time to time. A Participant who elects to decrease the rate of his or her payroll deductions to zero percent (0%) shall nevertheless remain a Participant in the current Offering Period unless such Participant subsequently withdraws
from the Offering or the Plan as provided in Sections 13.1 and 13.2, respectively, or is automatically withdrawn from the Offering as provided in Section 13.4. 

10.4 Participant Accounts. Individual Plan accounts shall be maintained for each Participant. All payroll deductions from a
Participant’s Compensation shall be credited to such account and shall be deposited with the general funds of the Company. All payroll deductions received or held by the Company may be used by the Company for any corporate purpose. 

10.5 No Interest Paid. Interest shall not be paid on sums deducted from a Participant’s Compensation pursuant to the
Plan. 
 10.6 Company Established Procedures. The Company may, from time to time, establish or change (a) a
minimum required payroll deduction amount for participation in an Offering, (b) limitations on the frequency or number of changes in the rate of payroll deduction during an Offering, (c) an exchange ratio applicable to amounts withheld in
a currency other than U.S. dollars, (d) payroll deduction in excess of or less than the amount designated by a Participant in order to adjust for delays or mistakes in the Company’s processing of subscription agreements, (e) the
date(s) and manner by which the Fair Market Value of a share of Stock is determined for purposes of administration of the Plan, or (f) such other limitations or procedures as deemed advisable by the Company in the Company’s sole discretion
which are consistent with the Plan and in accordance with the requirements of Section 423 of the Code. 
  

 -7- 

 11. Purchase of Shares. 

11.1 Exercise of Purchase Right. On each Purchase Date of an Offering Period, each Participant who has not withdrawn from
the Offering or whose participation in the Offering has not terminated on or before such Purchase Date shall automatically acquire pursuant to the exercise of the Participant’s Purchase Right the number of whole shares of Stock arrived at by
dividing the total amount of the Participant’s accumulated payroll deductions for the Purchase Period by the Purchase Price; provided, however, in no event shall the number of shares purchased by the Participant during an Offering Period exceed
the number of shares subject to the Participant’s Purchase Right. No shares of Stock shall be purchased on a Purchase Date on behalf of a Participant whose participation in the Offering or the Plan has terminated on or before such Purchase
Date. 
 11.2 Return of Cash Balance. Any cash balance remaining in the Participant’s Plan account shall be
refunded to the Participant as soon as practicable after the Purchase Date. In the event the cash to be returned to a Participant pursuant to the preceding sentence is an amount less than the amount necessary to purchase a whole share of Stock, the
Company may establish procedures whereby such cash is maintained in the Participant’s Plan account and applied toward the purchase of shares of Stock in the subsequent Purchase Period or Offering Period. 

11.3 Tax Withholding. At the time a Participant’s Purchase Right is exercised, in whole or in part, or at the time a
Participant disposes of some or all of the shares of Stock he or she acquires under the Plan, the Participant shall make adequate provision for the foreign, federal, state and local tax withholding obligations of the Participating Company Group, if
any, which arise upon exercise of the Purchase Right or upon such disposition of shares, respectively. The Participating Company Group may, but shall not be obligated to, withhold from the Participant’s compensation the amount necessary to meet
such withholding obligations. 
 11.4 Expiration of Purchase Right. Any portion of a Participant’s Purchase
Right remaining unexercised after the end of the Offering Period to which such Purchase Right relates shall expire immediately upon the end of such Offering Period. 

12. Limitations on Purchase of Shares; Rights as a Stockholder. 

12.1 Fair Market Value Limitation. Notwithstanding any other provision of the Plan, no Participant shall be entitled to
purchase shares of Stock under the Plan (or any other employee stock purchase plan which is intended to meet the requirements of Section 423 of the Code sponsored by the Company or a Parent Corporation or Subsidiary Corporation) at a rate which
exceeds $25,000 in Fair Market Value, which Fair Market Value is determined for shares purchased during a given Offering Period as of the Offering Date for such Offering Period (or such other limit as may be imposed by the Code), for each calendar
year in which any Purchase Right granted to the Participant (or any purchase right granted under any other employee stock purchase plan described in this sentence) is outstanding at any time. For purposes of the foregoing, (i) a right to
purchase Stock accrues when it first become exercisable during the calendar year, (ii) the right to purchase Stock accrues at the rate provided in the purchase right, but in no case may such rate exceed $25,000 in Fair Market Value of Stock
(determined as provided in the preceding sentence) for any one calendar year, and (iii) a right to purchase Stock that has accrued under one purchase right may not be carried over to any other purchase right. 

 

 -8- 

 12.2 Pro Rata Allocation. In the event the number of shares of Stock which
might be purchased by all Participants in the Plan exceeds the number of shares of Stock available in the Plan, the Company shall make a pro rata allocation of the remaining shares in as uniform a manner as shall be practicable and as the Company
shall determine to be equitable. 
 12.3 Rights as a Stockholder and Employee. A Participant shall have no rights
as a stockholder by virtue of the Participant’s participation in the Plan until the date of the issuance of a stock certificate for the shares of Stock being purchased pursuant to the exercise of the Participant’s Purchase Right. No
adjustment shall be made for cash dividends or distributions or other rights for which the record date is prior to the date such stock certificate is issued. Nothing herein shall confer upon a Participant any right to continue in the employ of the
Participating Company Group or interfere in any way with any right of the Participating Company Group to terminate the Participant’s employment at any time. 

13. Withdrawal. 

13.1 Withdrawal From an Offering. A Participant may withdraw from an Offering by signing and delivering to the
Company’s payroll or other designated office a written notice of withdrawal on a form provided by the Company for such purpose. Such withdrawal may be elected at any time prior to the end of an Offering Period; provided, however, if a
Participant withdraws after a Purchase Date, the withdrawal shall not affect shares of Stock acquired by the Participant on such Purchase Date. Unless otherwise indicated, withdrawal from an Offering shall not result in a withdrawal from the Plan or
any succeeding Offering therein. By withdrawing from an Offering effective as of the close of a given Purchase Date, a Participant may have shares of Stock purchased on such Purchase Date and immediately commence participation in the new Offering
commencing immediately after such Purchase Date. A Participant is prohibited from again participating in an Offering at any time following withdrawal from such Offering. The Company may impose, from time to time, a requirement that the notice of
withdrawal be on file with the Company’s payroll office or other designated office for a reasonable period prior to the effectiveness of the Participant’s withdrawal from an Offering. 

13.2 Withdrawal from the Plan. A Participant may withdraw from the Plan by signing and delivering to the Company’s
payroll office or other designated office a written notice of withdrawal on a form provided by the Company for such purpose. Withdrawals made after a Purchase Date shall not affect shares of Stock acquired by the Participant on such Purchase Date.

  

 -9- 

 In the event a Participant voluntarily elects to withdraw from the Plan, the Participant may
not resume participation in the Plan during the same Offering Period, but may participate in any subsequent Offering under the Plan by again satisfying the requirements of Sections 5 and 7.1. The Company may impose, from time to time, a
requirement that the notice of withdrawal be on file with the Company’s payroll office or other designated office for a reasonable period prior to the effectiveness of the Participant’s withdrawal from the Plan. 

13.3 Return of Payroll Deductions. Upon a Participant’s withdrawal from an Offering or the Plan pursuant to Sections
13.1 or 13.2, respectively, the Participant’s accumulated payroll deductions which have not been applied toward the purchase of shares of Stock shall be returned as soon as practicable after the withdrawal, without the payment of any interest,
to the Participant, and the Participant’s interest in the Offering or the Plan, as applicable, shall terminate. Such accumulated payroll deductions may not be applied to any other Offering under the Plan. 

13.4 Automatic Withdrawal From an Offering. If the Fair Market Value of a share of Stock on a Purchase Date of an Offering
(other than the final Purchase Date of such Offering) is less than the Fair Market Value of a share of Stock on the Offering Date for such Offering, then every Participant shall automatically (a) be withdrawn from such Offering at the close of
such Purchase Date and after the acquisition of shares of Stock for such Purchase Period and (b) be enrolled in the Offering commencing on the first business day subsequent to such Purchase Period. A Participant may elect not to be
automatically withdrawn from an Offering Period pursuant to this Section 13.4 by delivering to the Company not later than the close of business on the last day before the Purchase Date a written notice indicating such election. 

13.5 Waiver of Withdrawal Right. The Company may, from time to time, establish a procedure pursuant to which a Participant
may elect, at least six (6) months prior to a Purchase Date, to have all payroll deductions accumulated in his or her Plan account as of such Purchase Date applied to purchase shares of Stock under the Plan, and (a) to waive his or her
right to withdraw from the Offering or the Plan and (b) to waive his or her right to increase, decrease, or cease payroll deductions under the Plan from his or her Compensation during the Purchase Period ending on such Purchase Date. Such
election shall be made in writing on a form provided by the Company for such purpose and must be delivered to the Company not later than the close of business on the day preceding the date which is six (6) months before the Purchase Date for
which such election is to first be effective. 
 14. Termination of Employment or Eligibility. 

Termination of a Participant’s employment with the Company for any reason, including retirement, disability or death or the failure
of a Participant to remain an Eligible Employee, shall terminate the Participant’s participation in the Plan immediately. In such event, the payroll deductions credited to the Participant’s Plan account since the last Purchase Date shall,
as soon as practicable, be returned to the Participant or, in the case of the Participant’s death, to the Participant’s legal representative, and all of the Participant’s rights under the Plan shall terminate. Interest shall not be
paid on sums returned to a Participant pursuant to this Section 14. A Participant whose participation has been so terminated may again become eligible to participate in the Plan by again satisfying the requirements of Sections 5 and 7.1.

  

 -10- 

 15. Transfer of Control. 

 

	 	15.1	Definitions. 

 (a)
An “Ownership Change Event” shall be deemed to have occurred if any of the following occurs with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the
stockholders of the Company of more than fifty percent (50%) of the voting stock of the Company; (ii) a merger or consolidation in which the Company a party; (iii) the sale, exchange, or transfer of all or substantially all of the
assets of the Company; or (iv) a liquidation or dissolution of the Company. 
 (b) A “Transfer of
Control” shall mean an Ownership Change Event or a series of related Ownership Change Events (collectively, the “Transaction”) wherein the stockholders of the Company immediately before the Transaction do not retain
immediately after the Transaction, in substantially the same proportions as their ownership of shares of the Company’s voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent
(50%) of the total combined voting power of the outstanding voting stock of the Company or the corporation or corporations to which the assets of the Company were transferred (the “Transferee Corporation(s)”), as the case may
be. For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting stock of one or more corporations which, as a result of the Transaction, own the Company
or the Transferee Corporation(s), as the case may be, either directly or through one or more subsidiary corporations. The Board shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company or multiple
Ownership Change Events are related, and its determination shall be final, binding and conclusive. 
 15.2 Effect of
Transfer of Control on Purchase Rights. In the event of a Transfer of Control, the surviving, continuing, successor, or purchasing corporation or parent corporation thereof, as the case may be (the “Acquiring Corporation”),
may assume the Company’s rights and obligations under the Plan or substitute substantially equivalent Purchase Rights for stock of the Acquiring Corporation. If the Acquiring Corporation elects not to assume or substitute for the outstanding
Purchase Rights, the Board may, in its sole discretion and notwithstanding any other provision herein to the contrary, adjust the Purchase Date of the then current Purchase Period to a date on or before the date of the Transfer of Control, but shall
not adjust the number of shares of Stock subject to any Purchase Right. All Purchase Rights which are neither assumed or substituted for by the Acquiring Corporation in connection with the Transfer of Control nor exercised as of the date of the
Transfer of Control shall terminate and cease to be outstanding effective as of the date of the Transfer of Control. Notwithstanding the foregoing, if the corporation the stock of which is subject to the outstanding Purchase Rights immediately prior
to an Ownership Change Event described in Section 15.1(a)(i) constituting a Transfer of Control is the surviving or continuing corporation and immediately after such Ownership Change Event less than fifty percent (50%) of the total
combined voting power of its voting stock is held by another corporation or by other corporations that are members of an affiliated group within the meaning of Section 1504(a) of the Code without regard to the provisions of Section 1504(b)
of the Code, the outstanding Purchase Rights shall not terminate unless the Board otherwise provides in its sole discretion. 
  

 -11- 

 16. Nontransferability of Purchase Rights. 

A Purchase Right may not be transferred in any manner otherwise than by will or the laws of descent and distribution and shall be
exercisable during the lifetime of the Participant only by the Participant. The Company, in its absolute discretion, may impose such restrictions on the transferability of the shares purchasable upon the exercise of a Purchase Right as it deems
appropriate and any such restriction shall be set forth in the respective subscription agreement and may be referred to on the certificates evidencing such shares. 

17. Reports. 

Each Participant who exercised all or part of his or her Purchase Right for a Purchase Period shall receive, as soon as practicable after
the Purchase Date of such Purchase Period, a report of such Participant’s Plan account setting forth the total payroll deductions accumulated, the number of shares of Stock purchased, the Purchase Price for such shares, the date of purchase and
the remaining cash balance to be refunded or retained in the Participant’s Plan account pursuant to Section 11.2, if any. Each Participant shall be provided information concerning the Company equivalent to that information generally made
available to the Company’s common stockholders. 
 18. Restriction on Issuance of Shares. 

The issuance of shares under the Plan shall be subject to compliance with all applicable requirements of foreign, federal or state law
with respect to such securities. A Purchase Right may not be exercised if the issuance of shares upon such exercise would constitute a violation of any applicable foreign, federal or state securities laws or other law or regulations. In addition, no
Purchase Right may be exercised unless (a) a registration statement under the Securities Act of 1933, as amended, shall at the time of exercise of the Purchase Right be in effect with respect to the shares issuable upon exercise of the Purchase
Right, or (b) in the opinion of legal counsel to the Company, the shares issuable upon exercise of the Purchase Right may be issued in accordance with the terms of an applicable exemption from the registration requirements of said Act. The
inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any shares under the Plan shall relieve the Company
of any liability in respect of the failure to issue or sell such shares as to which such requisite authority shall not have been obtained. As a condition to the exercise of a Purchase Right, the Company may require the Participant to satisfy any
qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation, and to make any representation or warranty with respect thereto as may be requested by the Company. 

 

 -12- 

 19. Legends. 

The Company may at any time place legends or other identifying symbols referencing any applicable foreign, federal or state securities law
restrictions or any provision convenient in the administration of the Plan on some or all of the certificates representing shares of Stock issued under the Plan. The Participant shall, at the request of the Company, promptly present to the Company
any and all certificates representing shares acquired pursuant to a Purchase Right in the possession of the Participant in order to carry out the provisions of this Section. Unless otherwise specified by the Company, legends placed on such
certificates may include but shall not be limited to the following: 
 “THE SHARES EVIDENCED BY THIS CERTIFICATE WERE
ISSUED BY THE CORPORATION TO THE REGISTERED HOLDER UPON THE PURCHASE OF SHARES UNDER AN EMPLOYEE STOCK PURCHASE PLAN AS DEFINED IN SECTION 423 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE TRANSFER AGENT FOR THE SHARES EVIDENCED HEREBY SHALL
NOTIFY THE CORPORATION IMMEDIATELY OF ANY TRANSFER OF THE SHARES BY THE REGISTERED HOLDER HEREOF MADE ON OR BEFORE                 ,
20    . THE REGISTERED HOLDER SHALL HOLD ALL SHARES PURCHASED UNDER THE PLAN IN THE REGISTERED HOLDER’S NAME (AND NOT IN THE NAME OF ANY NOMINEE) PRIOR TO THIS DATE.” 

20. Notification of Sale of Shares. 

The Company may require the Participant to give the Company prompt notice of any disposition of shares acquired by exercise of a Purchase
Right within two years from the date of granting such Purchase Right or one year from the date of exercise of such Purchase Right. The Company may require that until such time as a Participant disposes of shares acquired upon exercise of a Purchase
Right, the Participant shall hold all such shares in the Participant’s name (and not in the name of any nominee) until the lapse of the time periods with respect to such Purchase Right referred to in the preceding sentence. The Company may
direct that the certificates evidencing shares acquired by exercise of a Purchase Right refer to such requirement to give prompt notice of disposition. 

21. Amendment or Termination of the Plan. 

The Board may at any time amend, suspend or terminate the Plan, except that (a) no such amendment, suspension or termination shall
affect Purchase Rights previously granted under the Plan unless expressly provided by the Board and (b) no such amendment, suspension or termination may adversely affect a Purchase Right previously granted under the Plan without the consent of
the Participant, except to the extent permitted by the Plan or as may be necessary to qualify the Plan as an employee stock purchase plan pursuant to Section 423 of the Code or to comply with any applicable law, regulation or rule. In addition,
an amendment to the Plan must be approved by the stockholders of the Company within twelve (12) months of the adoption of such amendment if such amendment would authorize the sale of more shares than are then authorized for issuance under the
Plan or would change the definition of the corporations that may be designated by the Board as Participating Companies. Notwithstanding the foregoing, in the event that the Board determines that continuation of the Plan or an Offering would result
in unfavorable financial accounting consequences to the Company as a result of a change after April 21, 2004 in the generally accepted accounting principles applicable to the Plan, the Board may, in its discretion and without the consent of any
Participant, including with respect to an Offering Period then in progress which commenced on or after April 21, 2004: (a) terminate the Plan or any Offering Period, (b) accelerate the Purchase Date of any Offering Period,
(c) reduce the discount applicable in determining the Purchase Price of any Offering Period, (d) reduce the maximum number of shares of Stock that may be purchased in any Offering Period or (e) take any combination of the foregoing
actions. 
  

 -13- 

 22. Continuation of Initial Plan as to Outstanding Purchase Rights.

 Any other provision of the Plan to the contrary notwithstanding, the terms of the Initial Plan shall remain in effect and
apply to all Purchase Rights granted pursuant to the Initial Plan. 
 IN WITNESS WHEREOF, the undersigned Secretary of the
Company certifies that the foregoing sets forth the Zoran Corporation Amended and Restated 1995 Employee Stock Purchase Plan as duly adopted by the Board of Directors and amended and restated as of July 21, 2010. 

 

	
	 /s/ Christopher Denten

	 Christopher Denten

Secretary

	

  

 -14- 

 ZORAN CORPORATION 

1995 EMPLOYEE STOCK PURCHASE PLAN (“ESPP”) 

ENROLLMENT/CHANGE NOTICE/WITHDRAWAL FORM 
  

													
	 SECTION 1
	  	 Action
	 		 	 Complete Sections:

	  
 ACTION
	  	 ̈	 	New Enrollment	 		 	2, 3, 7 and attached Subscription Agreement
		  	 ̈	 	Change Payroll Deduction Rate	 	2, 4, 7
		  	 ̈	 	Terminate Payroll Deductions Only	 	2, 5, 7	  		  	
		  	 ̈	 	Withdraw from ESPP	 	2, 6, 7	  		  	
							
	 	  	 	 	 	 	 	 	 	  	 	  	 
		  		 		 		 		  		  	
	 SECTION 2
	  	Name	 	 
	  
 PERSONNEL DATA
	  		 	Last	 	First	 	MI	  	Location	  	
		  	Home
Address                                        
                                         
                                         
                                         
         	  	
		  		 		 	Street	 		  		  	
		  	                         
                                         
                                         
                                         
                             	  		  	
		  		 	City	 	State	 	Zip Code	  		  	
		  	EE#	 	            
 ̈ ̈ ̈ ̈	 		 		  		  	
							
	 	  	 	 	 	 	 	 	 	  	 	  	 
		  		 		 		 		  		  	
	 SECTION 3
	  	Effective with the Offering Period
Beginning:	 		 	 I elect a Payroll Deduction Rate of
            % of my Compensation* per pay period.
  

	  
 NEW ENROLLMENT
	  	 		 
		  	  ̈

 ̈
	 	 First business day of
May                                        
                                  

First business day of
November                                       
                           
	 	* Must be a multiple of 1% up to a maximum of 10% of Compensation (as defined by the ESPP).
	  	 	 
							
	 	  	 	 	 	 	 	 	 	  	 	  	 
		  		 		 		 		  		  	
	 SECTION 4
	  	Effective with the
Pay Period Beginning:	 	                           
                            	 	I elect a Payroll Deduction Rate of             % of my Compensation* per pay
period.
	  
 CHANGE PAYROLL DEDUCTIONS
	  	 	 
	  	 	Month, Day and Year	 	* Must be a multiple of 1% up to a maximum of 10% of Compensation (as defined by the ESPP).
		  	NOTE:	 	You may reduce your payroll deduction rate once per 6-month Purchase Period to become effective as soon as possible following the filing of this change notice. You may
not increase your payroll deduction rate during your enrollment in an Offering Period.
							
	 	  	 	 	 	 	 	 	 	  	 	  	 
		  		 		 		 		  		  	
	 SECTION 5
	  	Effective with the
Pay Period Beginning:	 	                             
                          	 	I elect to terminate my payroll deductions under the ESPP (i.e., reduce my payroll deduction rate to 0%) effective as soon as possible following the filing
of this change notice. I understand that by making this election, I will remain a participant in the current Offering Period and I will not receive a refund of my ESPP account balance, which will be applied to the purchase of shares on the next
Purchase Date, unless I withdraw from the ESPP.
	  
 TERMINATE PAYROLL DEDUCTIONS ONLY
	  	 	Month, Day and Year	 
		  		 		 
		  		 		 
		  		 		 
		  	NOTE:	 	If your employment terminates for any reason or you become ineligible to participate in the ESPP, you will immediately cease to participate in the ESPP, and your ESPP
account balance will automatically be refunded to you.
			
	 	  	 	 	 
							
		  		 		 		 		  		  	
	 SECTION 6
	  	I elect to terminate my payroll deductions under the ESPP effective as soon as possible following the filing of this change notice. I have indicated below
whether I wish to immediately terminate my participation in the ESPP and to have my accumulated ESPP account balance refunded to me as soon as practicable or to have my accumulated ESPP account balance applied to the purchase of shares on the next
Purchase Date and immediately thereafter to terminate my participation in the ESPP.
		  
		  
		  
			
	WITHDRAW FROM ESPP	  	 ̈	 	Immediately terminate my participation and refund ESPP account balance
	  		 		 	OR	 		  		  	
		  	 ̈	 	Purchase shares on the next Purchase Date and then terminate my participation
			
		  	NOTE:	 	By making this election, you will not participate in future Offering Periods unless you are eligible to participate in the ESPP and re-enroll by delivering a new
Enrollment Form and Subscription Agreement. If your employment terminates for any reason or you become ineligible to participate in the ESPP, you will immediately cease to participate in the ESPP, and your ESPP account balance will automatically be
refunded to you.
			
	 	  	 	 	 
		  		 		 		 		  		  	
	 SECTION 7
	  	I hereby authorize the specific action indicated above. I understand that my election is subject to the terms and conditions of the ESPP. I further
understand that my election will remain in effect for the current and subsequent Offering Periods unless and until I submit a new Enrollment/Change Notice/Withdrawal Form.
		  
		  
	 AUTHORIZATION
	  		 		 		 		  		  	
	
                        
                                         
                                    
	 		 	                         
                                         
         
	Date	 		 	            Signature of Employee

 

 -15- 

 ZORAN CORPORATION 

1995 EMPLOYEE STOCK PURCHASE PLAN 

SUBSCRIPTION AGREEMENT 

I hereby elect to participate in the Zoran Corporation 1995 Employee Stock Purchase Plan (“ESPP”) commencing with the Offering
Period specified by my attached Enrollment/Change Notice/Withdrawal Form, and I hereby subscribe to purchase shares of common stock of Zoran Corporation (the “Company”) in accordance with the provisions of this Subscription Agreement and
the ESPP. 
 I hereby authorize payroll deductions from each of my paychecks following the commencement of my participation in
the ESPP at the rate specified in my attached Enrollment/Change Notice/Withdrawal Form. I understand that these payroll deductions will be accumulated for the purchase of shares of common stock of the Company at the applicable purchase price
determined in accordance with the ESPP and subject to certain restrictions described in the ESPP. I further understand that, except as otherwise set forth in the ESPP, I will automatically purchase shares on the last day of each Purchase Period
unless I withdraw from the ESPP by giving written notice to the Company or unless my employment terminates or I become ineligible to participate in the ESPP. 

I further understand that I will automatically participate in each subsequent Offering Period that commences immediately after the last
day of an Offering Period in which I am participating until I withdraw from the ESPP by giving written notice on a new Enrollment/Change Notice/Withdrawal Form or my eligibility or employment terminates. 

Each Offering Period is divided into a series of consecutive Purchase Periods. Unless otherwise determined by the Board of Directors,
Purchase Periods will each generally be approximately six months in duration and will run from the first business day of May to the last business day of October each year and from the first business day of November to the last business day of April
in the following year. My participation will automatically continue in effect from one Purchase Period to the next in accordance with my payroll deduction authorization, unless I change the rate of my payroll deductions, withdraw from the ESPP,
cease to be an employee or become ineligible to participate in the ESPP. I understand that I may reduce the rate of my payroll deductions on one occasion per Purchase Period, and that I may not increase my payroll deduction rate during an Offering
Period that I am enrolled in. 
 I understand that I may withdraw from the ESPP at any time prior to the last business day of a
Purchase Period and elect either to have the Company refund as soon as practicable all my accumulated payroll deductions not previously applied to the purchase of shares or to have such payroll deductions applied to the purchase of shares at the end
of such Purchase Period and immediately thereafter to terminate my participation in the ESPP. I further understand that if I withdraw from the ESPP, I may not again participate in the same Offering Period. I may participate in any subsequent
Offering Period if am eligible to participate and submit a new Enrollment/Change Notice/Withdrawal Form making a timely election to participate in the ESPP. 

The Company will issue the shares I purchase under the ESPP after the end of each Purchase Period. Generally, the shares will be
deposited directly in my Company-designated brokerage account. I hereby authorize withholding from my compensation in order to satisfy the foreign, federal, state and local tax withholding obligations, if any, which may arise upon my purchase of
shares under the ESPP and/or upon my disposition of shares I acquired under the ESPP. If I am a U.S. taxpayer, I agree that I will promptly notify the Company in the event I transfer the shares from my Company-designated brokerage account and/or if
I subsequently transfer or sell such shares during the period that is two (2) years after the first day of the applicable Offering Period from which I acquired such shares or one (1) year from the date I purchased such shares. The Company
needs to know whether you transfer or sell your shares during this time period for U.S. tax purposes. 
 I acknowledge that the
Company has the right, exercisable in its sole discretion, to amend, suspend or terminate the ESPP at any time without my consent to comply with any applicable law, regulation or rule. Further, I acknowledge that the Company may amend or terminate
my purchase rights without my consent to avoid unfavorable financial accounting consequences to the Company, as described in the ESPP. 

I am familiar with the provisions of the ESPP and hereby agree to participate in the ESPP subject to all of the provisions thereof. I
understand that the effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the ESPP. 
  

			
	
Date:                       
                            
	  	            Signature:               
                                         
                                         
                                         
                  
		
		  	            Name Printed              
                                         
                                         
                                         
             

  

 -16-

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