Document:

2000 Stock Option and Restriced Stock Plan

 Exhibit 10.12 
 NIMBLEGEN SYSTEMS INC. 
 2000 STOCK OPTION AND RESTRICTED STOCK PLAN 
 (Amended and Restated as of September 25, 2001) 
 1. Objectives. The 2000 Stock Option and Restricted Stock Plan is designed to attract and retain certain selected officers, key employees, non-employee directors and consultants whose skills and talents are important to the
operations of the Company and its Subsidiaries, and reward them for making major contributions to the success of the Company and its Subsidiaries. These objectives are accomplished by making awards under the Plan, thereby providing Participants with
a proprietary interest in the growth and performance of the Company and its Subsidiaries. 
 2. Definitions. 
 (a) “Administrator” shall mean the committee appointed by the Board to administer the Plan, or if no such committee is
appointed, the Board. 
 (b) “Award” shall mean the grant of a Stock Option or shares of Restricted Stock to a
Participant pursuant to such terms, conditions, performance requirements, and limitations as the Administrator may establish in order to fulfill the objectives of the Plan. 
 (c) “Award Agreement” shall mean one or more agreements between the Company and a Participant that sets forth the terms,
conditions, performance requirements, and limitations applicable to an Award. 
 (d) “Board” shall mean the Board of
Directors of the Company. 
 (e) “Change in Control” shall mean the occurrence of any of the following events:

 (i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as
amended) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing more than 50% of the total voting power represented by the Company’s then
outstanding voting securities, provided, however, no change of control shall be deemed to occur as a result of an acquisition of voting securities of the Company by any other corporation or entity where immediately following such acquisition, more
than 50% of the total voting power represented by such entity’s then outstanding voting securities is owned by the individuals and entities owning the Company’s outstanding voting securities, in substantially the same proportions,
immediately prior to such acquisition; 
 (ii) a merger or consolidation of the Company with another corporation in which the
Company is not the survivor, provided, however, no change of control shall be 

 
deemed to occur if immediately following such merger or consolidation, more than 50% of the total voting power represented by such other corporation’s
then outstanding voting securities is owned by the individuals and entities owning the Company’s outstanding voting securities, in substantially the same proportions, immediately prior to such merger or consolidation; or 
 (iii) the sale or disposition by the Company of all or substantially all the Company’s assets, provided, however, no change of
control will be deemed to occur if such sale or disposition is to another entity where, immediately following such transaction, more than 50% of the total voting power represented by such entity’s then outstanding voting securities is owned by
the individuals and entities owning the Company’s outstanding voting securities, in substantially the same proportions, immediately prior to such transaction. 
 Following an event described in any of the provisos to clauses (i), (ii), or (iii), above, the acquiring, successor, or transferee entity, as the case may be, will thereafter be treated as the Company for purposes of this definition.

 (f) “Common Stock” shall mean the authorized and issued or unissued $.001 par value Common Stock of the Company.

 (g) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 
 (h) “Company” shall mean NimbleGen Systems Inc. 
 (i) “Disability” shall have the meaning assigned to that term in the Company’s long-term disability plan, or if the Company
does not have such a Plan, “Disability” shall have the meaning assigned to the term “total and permanent disability” in Section 22(e)(3) of the Code. 
 (j) “Fair Market Value” shall mean, as of any date, the value of Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or national market system, its Fair Market Value shall be the closing
sales price for such stock (or the mean between the high bid and low asked prices, if no sales were reported) as quoted on such exchange or system for the date in question, as reported in The Wall Street Journal or such other source as the
Administrator deems reliable; 
 (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling
prices are not reported, its Fair Market Value shall be the mean between the high bid and low asked prices for the Common Stock on the date in question; or 
 (iii) In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Administrator. 
  

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 (k) “Participant” shall mean a current or prospective employee, non-employee
director, consultant or other person who provides services to the Company and/or a Subsidiary to whom an Award has been made under the Plan. 
 (l) “Plan” shall mean the NimbleGen Systems Inc. 2000 Stock Option and Restricted Stock Plan. 
 (m) “Restricted Stock” shall mean an award of Common Stock for such consideration as the Administrator may specify and which may contain transferability or forfeiture provisions including a requirement of
future services and such other restrictions and conditions as may be established with the Administrator and set forth in the Award Agreement. 
 (n) “Stock Option” shall mean a grant of a right to purchase a specified number of shares of Common Stock pursuant to the terms of the Plan. A Stock Option may be in the form of a nonqualified stock option
or an incentive stock option (“ISO”). A nonqualified stock option is an option that does not meet the criteria of an ISO. An ISO, in addition to being subject to applicable terms, conditions and limitations of the Plan or established by
the Administrator pursuant to the Plan, complies with Section 422 of the Code which, among other limitations, provides that the aggregate Fair Market Value (determined at the time the option is granted) of Common Stock for which ISOs are
exercisable for the first time by a Participant during any calendar year shall not exceed $100,000; that ISOs shall have an exercise price of not less than 100% of the Fair Market Value on the date of the grant (110% in the case of a Participant who
is a 10% shareholder of the Company within the meaning of Section 422 of the Code); and that ISOs shall be exercisable for a period of not more than ten years (five years in the case of a Participant who is a 10% shareholder of the Company)
after the date of grant. 
 (o) “Termination for Cause” shall mean termination of a Participant’s employment
with the Company and/or its Subsidiaries in the event of (i) a Participant’s repeated failure to perform work reasonably assigned to him in a competent, diligent and satisfactory manner as determined by the Board in its reasonable
judgment, (ii) a Participant’s commission of any material act of dishonesty or disloyalty involving the Company or any Subsidiary, (iii) a Participant’s chronic absence from work other than by reason of a serious health
condition, (iv) a Participant’s commission of a crime which, in the reasonable judgment of the Board, is substantially related to the circumstances of the Participant’s position with the Company or any Subsidiary or which has a
material adverse effect on the business of the Company or any Subsidiary, or (v) the willful engaging by a Participant in conduct which is demonstrably and materially injurious to the Company or any Subsidiary. For purposes of this Plan, no
act, or failure to act, on Participant’s part will be deemed “willful” unless done or omitted to be done, by the Participant not in good faith. 
 (p) “Subsidiary” or “Subsidiaries” shall mean any subsidiary entity, or all subsidiary entities, as the case may be,
of the Company, including any subsidiary corporation or corporations of the Company as defined in Section 424(f) of the Code. 
  

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 3. Eligibility. Current and prospective employees, non-employee directors, consultants or other
persons who provide services to the Company and/or a Subsidiary eligible for an Award under the Plan are those who hold, or will hold, positions of responsibility and whose performance, in the judgment of the Administrator or the management of the
Company (if such responsibility is delegated pursuant to Section 6 hereof), can have a significant effect on the success of the Company and its Subsidiaries. 
 4. Common Stock Available for Awards. Subject to adjustment as provided in Section 13 hereof, the number of shares that may be issued under the Plan for Awards during the term of the Plan is 850,000 shares
of Common Stock, all of which may be in the form of incentive stock options. Any shares subject to an Award which are used in settlement of tax withholding obligations shall be deemed not to have been issued for purposes of determining the maximum
number of shares available for issuance under the Plan. Likewise, if any Stock Option is exercised by tendering shares, either actually or by attestation, to the Company as full or partial payment for such exercise under this Plan, only the number
of shares issued net of the shares tendered shall be deemed issued for purposes of determining the maximum number of shares available for issuance under the Plan. 
 5. Administration. The Plan shall be administered by the Administrator, which shall have full and exclusive power to interpret the Plan, to determine which current and prospective employees, non-employee
directors and consultants are Plan Participants, to grant waivers of Award restrictions, to determine the provisions of Award Agreements and to adopt such rules, regulations and guidelines for carrying out the Plan as it may deem necessary or
proper, all of which powers shall be executed in the best interests of the Company and its Subsidiaries and in keeping with the objectives of the Plan. 
 6. Delegation of Authority. Except to the extent prohibited by applicable law or the applicable rules of a stock exchange, the Administrator may delegate to the chief executive officer and to other senior
officers of the Company its duties under the Plan pursuant to such conditions or limitations as the Administrator may establish. Any such delegation may be revoked by the Administrator at any time. 
 7. Awards. The Administrator shall set forth in the related Award Agreement the terms, conditions, performance requirements, and limitations
applicable to each Award including, but not limited to, continuous service with the Company and/or its Subsidiaries, conditions under which acceleration of vesting will occur and achievement of specific business objectives. The Administrator may in
its sole discretion waive, in whole or in part, any restrictions or limitations under any Award Agreement except with respect to ISO’s for terms required under Section 422 of the Code. 
 8. Stock Option Exercise. The price at which shares of Common Stock may be purchased under a Stock Option shall be paid in full at the time of the
exercise in cash or by any other means, including by means of tendering shares of Common Stock valued at Fair Market Value on the date of exercise, if permitted by the Administrator, or any combination thereof. 
 9. Tax Withholding. The Company shall have the right to deduct applicable taxes from any Award payment and withhold, at the time of delivery or
vesting of shares under the 

  

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Plan, an appropriate number of shares for payment of taxes required by law or to take such other action as may be necessary in the opinion of the Company to
satisfy all obligations for withholding of such taxes. The Company may defer making delivery with respect to Common Stock obtained pursuant to an Award hereunder until arrangements satisfactory to it have been made with respect to any such
withholding obligation. If Common Stock is used to satisfy tax withholding, such stock shall be valued based on the Fair Market Value on the date the shares are withheld. 
 10. Amendment or Termination of the Plan. The Board may, at any time, amend or terminate the Plan; provided, however, that 
 (a) subject to Section 13 hereof, no amendment or termination may, in the absence of written consent to the change by the affected
Participant (or, if the Participant is not then living, the affected beneficiary), adversely affect the rights of any Participant or beneficiary under any Award granted under the Plan prior to the date such amendment is adopted by the Administrator;
and 
 (b) without further approval of the shareholders of the Company, no amendment shall increase the number of shares of
Common Stock which may be delivered pursuant to Awards hereunder, except for increases resulting from Section 13 hereof. 
 11.
Termination of Employment. 
 (a) If the employment of a Participant terminates, or service to the Company and its
Subsidiaries by a non-employee Participant terminates, other than as described in paragraph 11(b), below, all Awards then held by the Participant to the extent then unvested (except as otherwise provided in the related Award Agreement) shall
immediately terminate and all Awards to the extent vested but unexercised shall terminate three (3) months after such termination of employment or service and during such three-month period shall be exercisable, unless the Award Agreement
provides otherwise. Notwithstanding the foregoing, if a Participant’s termination of employment with the Company and its Subsidiaries is a Termination for Cause, to the extent any Award is not effectively exercised or has not vested prior to
such termination, it shall lapse or be forfeited to the Company immediately upon such termination. However, in all events, an Award will not be exercisable after the end of its term as set forth in the related Award Agreement. 
 (b) If the employment of a Participant terminates, or service to the Company and its Subsidiaries by any non-employee Participant
terminates, due to death or following a Participant’s Disability, all Awards then held by the Participant to the extent then unvested (except as otherwise provided in the related Award Agreement) shall immediately terminate and all Awards to
the extent vested but unexercised shall terminate one year after such termination of employment or service and during such one-year period shall exercisable, unless the Award Agreement provides otherwise. However, in all events, an Award will not be
exercisable after the end of its term as set forth in the related Award Agreement. 
  

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 12. Nonassignability. Except as provided below, Awards granted under the Plan shall not be
assignable or transferable and, during the lifetime of the Participant, shall be exercisable only by the Participant. A Participant shall have the right to transfer Awards upon such Participant’s death either by the terms of such
Participant’s will or under the laws of descent and distribution, subject to the limitations of Section 11, above. Notwithstanding the foregoing, the Administrator (in the form of an Award Agreement or otherwise) may permit Awards, other
than incentive stock options within the meaning of Section 422 of the Code, to be transferred to members of the Participant’s immediate family, to trusts for the benefit of the Participant and/or such immediate family members, and to
partnerships or other entities in which the Participant and/or such immediate family members own all the equity interests. For purposes of the preceding sentence, “immediate family” shall mean a Participant’s spouse, issue, and
spouses of his issue. 
 13. Adjustments. 
 (a) In the event of any change in the outstanding Common Stock of the Company by reason of a stock split, stock dividend, combination or
reclassification of shares, recapitalization, merger, or similar event, the Administrator may adjust proportionally (a) the number of shares of Common Stock reserved under the Plan and covered by outstanding Awards denominated in stock, and
(b) the appropriate Fair Market Value and other price determinations for such Awards. In the event of any other change affecting the Common Stock or any distribution (other than normal cash dividends) to holders of Common Stock, such
adjustments as may be deemed equitable by the Administrator, including adjustments to avoid fractional shares, shall be made to give proper effect to such event. 
 (b) In the event of a merger or consolidation of the Company with another corporation in which the Company is not the survivor, or a sale
or disposition by the Company of all or substantially all of its assets to another entity, an equivalent option or right applicable to the stock or other equity interests in the surviving or acquiring corporation or entity may be substituted for
each outstanding Award in lieu of such Award, on such terms as are determined by the Administrator exercising its reasonable judgment. If an equivalent option or right is not so substituted for any outstanding Award, such Award shall become fully
vested and exercisable and shall be exercisable for a period of fifteen (15) days from the date the Administrator gives written notice to the Participant stating that a substituted option or right will not be issued and that the Award is
therefore fully vested and exercisable under this Section. If not exercised, the Award will terminate at the end of this fifteen-day period. 
 14. Notice. Any notice to the Company required by any of the provisions of the Plan shall be addressed to the President of the Company at the Company’s then principal office in writing, and shall become effective when it is
received by his office. 
 15. Governing Law. The Plan and all determinations made and actions taken pursuant hereto, to the extent
not otherwise governed by the laws of the United States, shall be governed by the laws of the State of Wisconsin, without giving effect to principles of conflicts of laws, and construed accordingly. 
  

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 16. Effective and Termination Dates. The effective date of the Plan is November 22, 2000. No
award shall be granted under the Plan after November 21, 2010. 
 17. Other Benefit and Compensation Programs. Payments and other
benefits received by a Participant pursuant to an Award shall not be deemed a part of such Participant’s regular, recurring compensation for purposes of the termination, indemnity or severance pay law of any country and shall not be included
in, nor have any effect on, the determination of benefits under any other employee benefit plan, contract or similar arrangement, unless the Administrator expressly determines otherwise. 
 18. No Service Rights. The Plan does not confer upon any Participant any right with respect to continuation of employment by the Company or its
Subsidiaries or service on the Board, nor shall it interfere in any way with the right of the Company or its Subsidiaries to terminate any Participant’s employment or service on the Board at any time. 
  

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 Amendment to 2000 Stock Option and Restricted Stock Plan 
 (the “Option Plan”) 
 Adopted
and effective April 12, 2005 
  

	1.	Section 2, Definitions is amended by inserting therein the following: 

 “Preferred Stock” shall mean the authorized and issued or unissued Series E Preferred Stock of the Company. 
  

	2.	Section 4, Common Stock Available for Awards, is amended by deleting the heading and first sentence thereof and inserting in their place the following:

 4. Common Stock and Preferred Stock Available for Awards. Subject to adjustment as provided in
Section 13 hereof, the number of shares that may be issued under the Plan for Awards during the term of the Plan is 1,750,000 shares of Common Stock (not counting, for purposes of determining such maximum number of shares, Common Stock issued
upon conversion of Series E Preferred Stock acquired pursuant to an Award) and 1,335,000 shares of Preferred Stock, all of which may be in the form of incentive stock options. 
  

	3.	The following provisions of the Option Plan are amended so that each reference therein to “Common Stock” instead shall be reference to “Common Stock or Preferred
Stock as the case may be,” or to “Common Stock or Preferred Stock” as the context requires: 

 (i)
Section 2, Definitions paragraphs (j), and (n); (ii) Section 8, Stock Option Exercise; 
 (iii) Section 9, Tax
Withholding; and (iv) Section 13, Adjustments. 
  

 8Separation Letter Agreement with John Villas, as amended

 Exhibit 10.1 
 

 
 December 20, 2006 
 Mr. John Villas 
 8116 W. 109th Street Circle 
 Bloomington, MN 55438 
 Dear John; 
 You have advised us of your decision to resign as an officer and
employee of Entegris, Inc. (the “Company”) effective as of March 31, 2007 (the “Separation Date”) and to retire from the Company. The Company is willing to provide you with certain severance arrangements in connection with
your resignation. The purpose of this letter is to confirm the agreement between you and the Company concerning your resignation and severance arrangements, as follows: 
 1. Resignation. You agree to resign as Chief Financial Officer of the Company and as Senior Vice President and an active employee of the Company and from all other positions and offices held by you with the
Company or any of its Affiliates or benefit plans effective as of the Separation Date. During the period prior to the Separation Date you agree to assist the Company in transitioning your responsibilities to your successor. You agree, for the period
following the Separation Date through December 31, 2007 (“Retirement Date”), to hold your self available to provide up to ten (10) hours per month of transitional consultation and advice to your successor and to Senior
Management. 
 2. Continuation of Duties. You agree that you shall continue to execute the duties of Chief Financial Officer of the
Corporation through the Separation Date and shall be responsible for supervising the preparation and reporting of the 2006 financial statements for the Company in accordance with Generally Accepted Accounting Principles and applicable SEC
regulations; you further agree to make the Rules 13a-14(a) and 13a-14(d) certifications under the Securities Exchange Act of 1934, as amended, in accordance with those rules. You shall continue to be subject to the Company’s insider trading
policies through the Retirement Date. 
 3. Final Salary and Vacation Pay. You will receive pay for all work you have performed for the
Company through the Separation Date, to the extent not previously paid, as well as pay, at your current rate of pay, for any vacation days you had earned, but not used, as of the Separation Date in accordance with Company policy. 
 4. Severance Benefits. In consideration of your acceptance of this Agreement and of you past service to the Company, the Company will provide you
or, in the event of your death, your estate, with the following severance pay and benefits: 
  

	(a)	The Company will provide severance pay for a period commencing with the Separation Date and ending on the Retirement Date (the “Severance Pay Period”) at the rate
of Two Hundred and Forty-Five Thousand and 00/100 Dollars ($245,000.00) per year. Payments will be made in the form of salary continuation and will begin on the next regular Company payday following the Separation Date. 

  

	(b)	 If you are enrolled in the Company’s medical and dental plans on the Separation 

 Mr. John Villas 
 December 20, 2006 
  

	 	 
Date, subject to receipt of any required consent by the health maintenance organization or dental insurance provider with which you are enrolled, the Company
will continue to pay the premium for these benefits through the earlier of (i) the Retirement Date; or (ii) the date you become eligible for coverage under the health plan of another employer. Upon termination of medical and dental
benefits pursuant to (i) or (ii) above you may, at your own expense, elect to continue your participation and that of your eligible dependents in those plans for a period of time under the federal law known as “COBRA.” In the
event that any required consent by the health maintenance organization or dental insurance provider with which you are enrolled is denied, and you elect to continue participation under “COBRA”, then the Company will pay the premium for
such coverage from the Separation Date through the Retirement Date. 

  

	(c)	The Entegris Incentive Plan (“EIP”) payment for 2006 will be paid in full as earned by the Company’s 2006 performance. The EIP payment for 2007 shall be the
actual 2007 EIP Award earned prorated for the period January 1, 2007 through the Separation Date This pro rated portion of the 2007 EIP award shall be paid at the same time and in the same manner as the 2007 EIP award to continuing executives.
You will not be entitled to participate in the EIP during 2008 or thereafter. 

  

	(d)	Your right to contribute to and receive matching contributions from the Company with respect to the Entegris 401(k) Savings and Profit Sharing Plan (2005 Restatement) shall
continue through the Retirement Date at which time they shall terminate. The balances in your accounts under the Entegris 401(k) Savings and Profit Sharing Plan (2005 Restatement) and under the Supplemental Executive Retirement Plan for Key Salaried
Employees of Entegris, Inc. will be paid out to you as of the Retirement Date, subject to the terms of those plans and to the requirements of law. 

  

	(e)	Options to purchase common stock of the Company under the Entegris, Inc. 1999 Long Term Incentive Stock Option Plan heretofore granted to you that are unvested as of the
Separation Date, shall continue to vest in accordance with their vesting schedule through the Retirement Date. Options to purchase common stock of the Company under the Entegris, Inc. 1999 Long Term Incentive Stock Option Plan heretofore granted to
you that are vested as of the Separation Date shall be exercisable in accordance with the provisions of that plan and the applicable stock option grant agreements for a period of ninety (90) days following the Retirement Date. The Restricted
Share award made to you on August 10, 2005 shall vest in its entirety as of the Retirement Date. All other Restricted Stock Awards shall continue to vest in accordance their vesting schedule through the Retirement Date. Any such Restricted
Stock Awards remaining unvested on the Retirement Date shall be forfeited. To the extent earned, the portion of the Performance Share Award granted on January 18, 2006 (the “2006 Performance Award”) that relates to fiscal 2006 shall
be paid to you in accordance with the terms of the award. To the extent earned, the portion of the 2006 Performance Award that relates to fiscal 2007 shall be paid on a pro rated basis for the period from January 1, 2007 through the Separation
Date; such pro rated portion of that award shall be paid to you in accordance with the terms of the award. The portions of the 2006 Performance Award relating to 2008 and 2009 shall be forfeited. 

 Mr. John Villas 
 December 20, 2006 
  

	(f)	You shall be entitled to outplacement services should you desire them from the Company’s outplacement service vendor in accordance with Company policy. Your entitlement
to perquisite benefits shall continue on the same basis as you enjoyed during 2006 through the Retirement Date. 

 5.
Withholding. All payments made by the Company under this Agreement shall be reduced by any tax or other amounts required to be withheld by the Company under applicable law and all other deductions authorized by you. 
 6. Acknowledgement of Full Payment. You acknowledge and agree that the payments provided under paragraphs 3 and 4 of this Agreement are in complete
satisfaction of any and all compensation due to you from the Company, whether for services provided to the Company or otherwise, through the Retirement Date and that, except as expressly provided under this Agreement, no further compensation is owed
to you. Without limiting the generality of the foregoing, except as provided in paragraph 4 above, you expressly waive and relinquish any and all rights you have, or might have, to any bonus or other incentive compensation or other compensation, of
any kind or description, under that cetrtain Executive Change Of Control Termination Agreement, dated August 10, 2005, as well as under any plan or program of the Company. 
 7. Status of Employee Benefits, Paid Time Off and Stock Options. Except as otherwise expressly provided in paragraph 4 of this Agreement, your
participation in all employee benefit plans of the Company shall end as of the Separation Date, in accordance with the terms of those plans. You will not continue to earn vacation or other paid time off after the Separation Date. Your rights with
respect to all stock options to which you were entitled under the Company’s stock option plans that have not vested or do not vest in accordance with paragraph 4(e) hereof shall be cancelled as of the Separation Date. 
 8. Confidentiality and Non-Disparagement. You agree that you will continue to protect Confidential Information, as defined below, and that you will
not, directly or indirectly, use or disclose it. Further, you agree that, during the Severance Pay Period and thereafter, you will not disparage or criticize the Company or its Affiliates, their business, management or products, and that you will
not otherwise do or say anything that could disrupt the good morale of Company employees or harm the interests or reputation of the Company or any of its Affiliates. You acknowledge that the Company may be required to disclose the terms of this
Agreement under applicable requirements of the Securities and Exchange Commission. 
 9. Return of Company Documents and Other Property.
In signing this Agreement, you covenant and agree that you shall return to the Company any and all documents, materials and information (whether in hardcopy, on electronic media or otherwise) related to business of the Company or any of its
Affiliates and all keys, access cards, credit cards, computer hardware and software, telephones and telephone-related equipment and all other property of the Company and its Affiliates in your possession or control on the Retirement Date. Further,
you covenant and agree that you will not retain any copy of any documents, materials or information of the Company or any of its Affiliates (whether in hardcopy, on electronic media or otherwise). Recognizing that your employment with the Company is
ending as of the Separation Date and that your consulting obligations expire on the Retirement Date, you agree that from and after the Retirement Date you will not, for any purpose, attempt to access or use any Company computer or 

 Mr. John Villas 
 December 20, 2006 
  

 
computer network or system. Further, you covenant and agree that you will disclose to the Company all passwords necessary or desirable to enable the Company
to access all information which you have password-protected on any of its computer equipment or on its computer network or system. 
 10.
Restricted Activities. You acknowledge that during your employment with the Company you have had access to Confidential Information which, if disclosed, would assist competitors in competition against the Company and you agree that the following
restrictions on your activities are necessary and reasonable in order to protect the goodwill, Confidential Information and other legitimate interests of the Company: 
  

	(a)	You agree that, during the period from the Separation Date through December 31, 2008, you will not, directly or indirectly, whether as owner, partner, investor,
consultant, agent, employee, co-venturer or otherwise, compete with the Company within the United States or in any other country in which the Company was doing business, or planning to do business, as of the Separation Date. Specifically, but
without limiting the foregoing, you agree not to work or provide services, in any capacity, whether as an employee, independent contractor or otherwise, whether with or without compensation, to any Person, as defined below, that is engaged in any
business that is competitive with the business of the Company, as conducted or in planning during your employment with the Company, unless the Company agrees, in advance and in writing, signed by an expressly authorized officer of the Company, to
your working or providing services for a specified Person. The Company will so agree provided that it determines, in its sole discretion, that your acceptance of a position with such Person or your provision of such work or services will not result
in the use or disclosure of Confidential Information. You agree that the Company’s consent shall be acquired prior to accepting any such position or commencing any business activity which could be inconsistent with your obligations under this
Agreement. You agree to provide the Company with all information that it may reasonably request in order to make a determination as contemplated hereunder. 

  

	(b)	You agree that during the period from the Separation Date through December 31, 2008, you will not, directly or indirectly, (i) hire any employee of the
Company or seek to persuade any employee of the Company to discontinue employment or (ii) solicit or encourage any independent contractor providing services to the Company to terminate or diminish its/his/her relationship with the
Company. 

  

	(c)	 In signing this Agreement, you give the Company your assurance that you have carefully read and considered all the terms and conditions of this Agreement,
including the restraints imposed on you under this paragraph 10. You agree without reservation that these restraints are necessary for the reasonable and proper protection of the Company and that each and every one of the restraints is reasonable in
respect to subject matter, length of time and geographic area. You further agree that, were you to breach any of the covenants contained in paragraph 8 or 9 above or of this paragraph 10, the damage to the Company would be irreparable. You therefore
agree that the Company, in addition to any other remedies available to it, shall be entitled to preliminary and permanent injunctive relief against any breach or threatened breach by you of any of those covenants, without having to post bond. You
and the Company further agree that, in the event that any provision of paragraph 8 or 9 above or of this 

 Mr. John Villas 
 December 20, 2006 
  

	 	 
paragraph 10 is determined by any court of competent jurisdiction to be unenforceable by reason of its being extended over too great a time, too large a
geographic area or too great a range of activities, that provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by law. 

 11. Employee Cooperation. You agree to cooperate with the Company hereafter with respect to all matters arising during or related to your
employment, including but not limited to all matters in connection with any governmental investigation, litigation or regulatory or other proceeding which may have arisen or which may arise following the signing of this Agreement. The Company will
reimburse your out-of-pocket expenses incurred in complying with Company requests hereunder, provided such expenses are authorized by the Company in advance. In the event that such cooperation requires that you devote more than four hours of working
time after the Retirement Date, the Company agrees to provide you with reasonable compensation for your services. 
 12. Release of Claims.
 
  

	(a)	In exchange for the severance pay and other benefits provided you under this Agreement, to which you would not otherwise be entitled, on your own behalf and that of your
heirs, executors, administrators, beneficiaries, personal representatives and assigns, you agree that this Agreement shall be in complete and final settlement of any and all causes of action, rights or claims that you have had in the past, now have,
or might now have, whether known or unknown, of any kind or description, including without limitation any causes of action, rights or claims in any way related to, connected with or arising out of your employment or its termination or pursuant to
Title VII of the Civil Rights Act, the Americans with Disabilities Act, the Age Discrimination in Employment Act, the fair employment practices statutes of the state or states in which you have provided services to the Company or any of its
Affiliates or any other federal, state or local law, regulation or other requirement and you hereby release and forever discharge the Company and its Affiliates and all of their respective past and present directors, shareholders, officers,
employees, general and limited partners, members, managers, agents and representatives, their successors and assigns, and all others connected with them, and all employee benefit plans maintained by the Company and all trustees and plan
administrators of such plans, both individually and in the official capacities of each of the foregoing individually, from any and all such causes of action, rights or claims. This release shall not apply to any claim for breach by the Company of
its obligations under this Agreement. 

  

	(b)	This Agreement, including the release of claims set forth in the paragraph directly above, creates legally binding obligations and the Company has advised you to consult an
attorney before signing this Agreement. In signing this Agreement, you give the Company assurance that you have signed it voluntarily and with a full understanding of its terms; that you have had sufficient opportunity, before signing this
Agreement, to consider its terms and to consult with an attorney or other advisors of your choosing; and that, in signing this Agreement, you have not relied on any promises or representations, express or implied, that are not set forth expressly in
this Agreement. 

 Mr. John Villas 
 December 20, 2006 
  

 13. Definitions. As used in this Agreement: 
 “Affiliates” means any and all persons and entities controlling, controlled by or under common control with the Company, where control may be by
management authority or equity interest. 
 “Confidential Information” means any and all information of the Company and its
Affiliates that is not generally known to the public including, without limitation, all strategic business plans, marketing and sales data and information, all financial, technical personnel, manufacturing, operations, product and systems
information. Confidential Information also includes all information received by the Company or any of its Affiliates from customers or other third parties with any understanding, express or implied, that the information would not be disclosed.

 “Person” means an individual, a corporation, a limited liability company, an association, a partnership, an estate, a trust or
any other entity or organization, other than the Company or any of its Affiliates. 
 14. Compliance with Section 16(a) of the
Securities Exchange Act. You acknowledge that it is your responsibility to make all required filings with the Securities and Exchange Commission and with the NASDAQ with respect to all holdings of and transactions in the Company’s common
stock not previously reported. You agree to make all such required filings in accordance with the rules of the Securities and Exchange Commission and to provide the Company with a copy thereof. 
 15. Miscellaneous. 
  

	(a)	This Agreement constitutes the entire agreement between you and the Company and supersedes all prior and contemporaneous communications, agreements and understandings,
whether written or oral, with respect to your employment, its termination and all related matters, excluding only your obligations with respect to the securities of the Company, all of which shall remain in full force and effect in accordance with
their terms. 

  

	(b)	This Agreement may not be modified or amended, and no breach shall be deemed to be waived, unless agreed to in writing by you and the Chief Executive Officer of the Company
or his expressly authorized designee. The captions and headings in this Agreement are for convenience only and in no way define or describe the scope or content of any provision of this Agreement. This is a Minnesota contract and shall be governed
and construed in accordance with the laws of the State of Minnesota, without regard to the conflict-of-law principles thereof. 

  

	(c)	 In the event that any dispute arises with respect to the matters provided for in this Agreement, each party agrees to pursue the resolution of such dispute
through the alternative dispute resolution procedures (“ADR”) set forth herein in good faith and not to commence any suit or other proceeding or to pursue any other remedies at law or in equity prior to the conclusion of ADR. Upon written
notice from either party invoking ADR, each Party shall designate in writing an individual who shall have authority to settle the dispute on its behalf. The authorized individuals shall promptly commence discussions concerning resolution of the
dispute. If the dispute has not been resolved within thirty (30) days thereafter, it shall be submitted to ADR Solutions, Inc., 390 Commercial Street, Boston, MA 02109 to 

 Mr. John Villas 
 December 20, 2006 
  

	 	 
act as a neutral party to assist in the conduct of the ADR in accordance with such reasonable procedures as may be suggested by such neutral party. While the
opinions and recommendations of the neutral party shall not be binding on the parties, the parties agree to give good faith consideration to the neutral’s views. After they have received the neutral’s views, the parties agree to negotiate
in good faith to resolve the dispute with the neutral acting as a mediator. 

  

	(d)	All disputes arising under, out of, or in connection with this Agreement which are not resolved by the ADR procedures specified in the preceding paragraph shall be finally
resolved by binding arbitration under the then current commercial arbitration rules of the American Arbitration Association (“AAA”). Either party may initiate arbitration hereunder by filling a demand at the regional office of the AAA
where the arbitration is to take place as provided herein. Disputes will be heard and determined by one disinterested arbitrator. Neither party will communicate separately with the arbitrator. All communications between a party and the arbitrator
will be directed to the AAA for transmittal to the arbitrator. The proceedings and any award shall be kept confidential. The proceedings shall be held in Boston, Massachusetts. The arbitrator shall have no authority to award relief to either party
that in any way contradicts or disregards any of the provisions of this Agreement. Any award may be entered and enforced as a judgment of any court of competent jurisdiction. 

 If the terms of this Agreement are acceptable to you, please sign, date and return it to me within forty-five (45) days following the date you
receive it. You may revoke this Agreement at any time during the seven (7) day period immediately following the date of your signing. If you do not revoke it, then, at the expiration of that seven (7) day period, this letter will take
effect as a legally-binding agreement between you and the Company on the basis set forth above. The enclosed copy of this letter, which you should also sign and date, is for your records. 
 Sincerely, 
  

			
	 	 	ENTEGRIS, INC.
		
		 	 /s/ GIDEON ARGOV

		 	Gideon Argov
		 	President and Chief Executive Officer

 Accepted and agreed: 
  

			
	Signature:	 	 /s/ JOHN VILLAS

	Date:	 	January 31, 2007

 

 
 January 31, 2007 
 Mr. John Villas 
 8116 W. 109th Street Circle 
 Bloomington, MN 55438 
 Dear John; 
 You have
expressed concern that the separation letter agreement, dated December 20, 2006 (the “December 20th
Letter”), contained ambiguities as to certain of the benefits to be afforded to you. This letter is to amend in order to eliminate those ambiguities. Upon execution, this letter shall take effect as of December 20th and shall form an integral part of the December 20th Letter. Capitalized terms used in this amendment letter without definition shall have the meanings specified in the December 20th Letter. 
  

	 1.
	 Continuation of Certain Benefits through the Retirement Date. In lieu of the provisions of paragraph 7 of
the December 20th Letter, the following paragraph shall be inserted in substitution thereof:

 “7. Status of Employee Benefits, Paid Time Off and Stock Options. Except as otherwise
expressly provided in paragraph 4 of this Agreement, your participation in all employee benefit plans of the Company shall end as of the Retirement Date, in accordance with the terms of those plans; provided however that you
will not continue to earn vacation or other paid time off after the Separation Date. Your rights with respect to all stock options and restricted stock awards to which you were entitled under the Company’s stock option plans shall be governed
by the provisions of paragraph 4 (e) above.” 
 Except as expressly amended
hereby the terms and provisions of the December 20th Letter shall remain in full force and effect. 

If the terms of this amendment and clairifaction letter are acceptable to you, please sign, date and return it to me prior to February 3, 2007.
Upon execution, this amendment letter will take effect to amend and clarify the December 20 Letter on the basis set forth above. The enclosed copy of this letter, which you should also sign and date, is for your records. 
 Sincerely, 
  

			
		
	 	 	ENTEGRIS, INC.
		
		 	/s/ Gideon Argov
		 	President and Chief Executive Officer

 Accepted and agreed: 
  

			
	Signature:	 	 /s/ John D. Villas
  

		
	Date:	 	 January 31, 2007

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