Document:

QuickLinks
 -- Click here to rapidly navigate through this document

EXHIBIT 10.17  

  

 
 

EMPLOYEE AGREEMENT    
    

 
 

STOCK OPTION AGREEMENT
  under the
  MIPS TECHNOLOGIES, INC.
  1998 LONG-TERM INCENTIVE PLAN    
    

        This Stock Option Agreement (the "Option Agreement") together with the accompanying Notice of Stock Option Grant (the "Notice") which is
incorporated herein by reference, constitutes the Award Document pursuant to which the Administrator of the MIPS Technologies, Inc. 1998 Long-Term Incentive Plan (the "Plan") has
granted to the Optionee named in the attached Notice an option (the "Option") to purchase the total number of shares of Common Stock as set forth in the Notice at the exercise price per share set
forth in the Notice, subject to the terms and conditions of the Plan, which is incorporated herein by this reference, and the Award Document. Terms defined in the Plan but not in the Award Document
shall have the meanings set forth in the Plan. In the event of any conflict between the terms and conditions of the Plan and the terms and conditions of the Award Document, the terms and conditions of
the Plan (including, but not limited to, Section 16) shall prevail. Any dispute regarding the interpretation of the Award Document and/or the Plan shall be submitted by the Optionee or the
Company to the Committee for review. The resolution of such a dispute by the Committee shall be final and binding on the Company and the Optionee.

        1.    Nature of the Option.    The Notice shall designate the Option as either an Incentive Stock Option ("ISO") or a
Nonqualified Stock Option ("NSO"). If designated in the Notice as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an incentive stock option under Section 422 of the
Code. However, if this Option is intended to be an ISO, to the extent that it exceeds the $100,000 rule
of Section 422(d) of the Code or may not otherwise be designated as an ISO, the excess shall be treated as an NSO. 

        2.    Exercise of Option.    

        (a)    Right to Exercise.    This Option is exercisable, in whole or in part, during its term in accordance with the
Vesting Schedule set out in the Notice and the applicable provisions of the Plan and this Option Agreement. In the event of certain types of leaves of absence, your vesting may be suspended for a
period of time. 

        (b)    Method of Exercise.    This Option shall be exercisable by written notice in the form provided by the Company
and signed by the Optionee and delivered to the Company's Stock Administration Department, or by using the electronic exercise methods approved from time to time by the Company's Stock Administration
Department. The current exercise procedures and the appropriate exercise documentation are available on the Company's internal web site and from the Company's Stock Administration Department. The
exercise notice shall state the number of shares in respect of which the Option is being exercised (the "Exercised Shares") and shall be accompanied by payment of the aggregate exercise price (the
"Exercise Price"). The Option shall be deemed to be exercised upon receipt by the Company of such exercise notice accompanied by the Exercise Price. 

        (c)    Transfer of Shares.    No shares shall be issued pursuant to the exercise of this Option unless such issuance
and exercise complies with applicable laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised
with respect to such Exercised Shares. 

        3.    Method of Payment.    Unless otherwise determined by the Committee, payment of the Exercise Price may only be
made by one of the following methods, or a combination thereof, at the election of the Optionee: 

        (a)   cash;
or 

        (b)   check;
or 

        (c)   consideration
received by the Company under a "cashless exercise" program implemented by the Company in connection with the Plan. 

        4.    Rights as Shareholder.    Until the issuance (as evidenced by the appropriate entry on the books of the Company
or of a duly authorized transfer agent of the Company) of the shares, no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Common Stock subject to
this Option, notwithstanding the exercise of the Option. The shares so acquired shall be issued to the Optionee as soon as practicable after exercise of the Option. No adjustment will be made for a
dividend or other right for which the record date is prior to the date of issuance, except as provided in Section 15 of the Plan. 

        5.    Post-Termination Exercise Period.    Subject to Section 6 below, unless otherwise determined
by the Committee, if Optionee ceases to serve as an Employee or Consultant (whichever was applicable at date of grant), the Optionee may, but only within three (3) months after the date the
Optionee ceases to be such an Employee or Consultant, exercise this Option to the extent that the Optionee was entitled to exercise it at the date of such termination (but in no event later than the
expiration of the term of such Option as set forth in Section 8 below); provided that if as of the date of termination the Optionee is considered by the Company to be an executive officer for
the purposes of the Company's filings under the Exchange Act, this Option, to the extent that the Optionee was entitled to exercise it at the date of such termination, may be exercised within twelve
(12) months after the date Optionee ceases to be an Employee or Consultant (but in no event later than the expiration of the term of such Option as set forth in Section 8 below). To the
extent that Optionee was not entitled to exercise this Option at the date of such termination, and to the extent the Optionee does not exercise this Option within the time specified herein, the Option
shall terminate. Any ISO that is not exercised within three (3) months after Optionee ceases to be an Employee, other than due to Optionee's death or disability (as defined in
Section 22(e)(3) of the Code), will become an NSO. 

        If
Optionee's status changes from that of an Employee to that of a Consultant (and the Committee agrees this Option shall continue) or the Employee is on certain types of leaves of
absence, any ISO granted under this Option will become an NSO to the extent it is not exercised within three (3) months after the date the Optionee ceased to be an Employee or after the
91st day following the commencement of such a leave of absence. 

        6.    Death or Disability of Optionee.    If Optionee ceases to serve as an Employee or Consultant as a result of
death or disability (as defined in Section 22(e)(3) of the Code), this Option shall immediately become fully vested and exercisable. The Option shall remain exercisable for twelve
(12) months following the Optionee's death or disability (but in no event later than the expiration of the term of such Option as set forth in Section 8 below). 

        7.    Non-Transferability of Option.    Unless otherwise determined by the Committee, this Option may not
be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only by the Optionee. The terms of the Plan, the
Notice and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 

        8.    Term of Option.    Unless earlier terminated as provided herein, this Option may be exercised only during a term
of ten (10) years (five (5) years if Optionee owns, immediately before this Option is granted, stock representing more than ten percent (10%) of the total combined voting power of all
classes of stock of the Company) from the Date of Grant of this Option, and may be exercised during such term only in accordance with the terms of the Plan, the Notice and this Option Agreement. 

        9.    Tax Consequences and Notice of Disqualifying Disposition of ISO Shares.    THERE ARE POTENTIAL TAX CONSEQUENCES
ASSOCIATED WITH THE GRANT, VESTING AND EXERCISE OF THIS OPTION. THE OPTIONEE SHOULD CONSULT A TAX ADVISER UPON RECEIVING AND BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. THE OPTIONEE
UNDERSTANDS AND AGREES THAT THE COMPANY MAY WITHHOLD FROM HIS OR HER COMPENSATION OR COLLECT FROM OPTIONEE ANY AMOUNTS REQUIRED TO BE WITHHELD UNDER APPLICABLE LAWS AND MAY REFUSE TO HONOR THE
EXERCISE AND REFUSE TO DELIVER EXERCISED SHARES IF SUCH WITHOLDING AND TAX AMOUNTS ARE NOT DELIVERED AT THE TIME OF EXERCISE. In addition, if the Optionee sells or otherwise disposes of any of the
Exercised Shares acquired pursuant to an ISO on or before the later of (i) two years after the Date of Grant of this Option, or (ii) one year after the exercise date, the Optionee shall
immediately notify the Company in writing of such disposition. The Optionee agrees that he or she may be subject to income tax withholding by the Company on the compensation income recognized from
such early disposition of Exercised Shares acquired pursuant to an ISO by payment in cash or out of the current earnings paid to the Optionee. 

        10.    Adjustments.    All references to the number of shares, the exercise price per share, and other terms in this
Option Agreement may be appropriately adjusted, in the discretion of the Committee, as provided in the Plan. 

        11.    No Guarantee of Continued Service.    OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO
THE VESTING SCHEDULE SET FORTH IN THE NOTICE IS EARNED ONLY BY CONTINUING AS AN EMPLOYEE OR CONSULTANT AT THE WILL OF THE COMPANY, ITS PARENT OR A SUBSIDIARY (AND NOT THROUGH THE ACT OF BEING HIRED,
BEING GRANTED AN OPTION OR PURCHASING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THE PLAN AND THE AWARD DOCUMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE
DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE OR CONSULTANT FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH OPTIONEE'S RIGHT OR
THE RIGHT OF THE COMPANY, ITS PARENT OR A SUBSIDIARY TO TERMINATE OPTIONEE'S RELATIONSHIP AS AN EMPLOYEE OR CONSULTANT AT ANY TIME, WITH OR WITHOUT CAUSE. 

        12.    Change in Control.    In the event of a Change in Control, this Option shall automatically become exercisable
in full when and if, within twenty-four (24) months after a Change in Control, (i) the Optionee is involuntarily terminated as an Employee by the Company or a Subsidiary
without Cause or (ii) the Optionee voluntarily resigns as an Employee of the Company or a Subsidiary for Good Reason. 

        13.    No Restriction on Right of Company to Effect Corporate Changes.    The Award Document shall not affect or
restrict in any way the right or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company's capital
structure or its business, any merger or consolidation of the Company, any issuance of stock or of stock options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior
preference stocks whose rights are superior to or affect the Common Stock or the rights thereof or which are convertible into or exchangeable for Common Stock, or the dissolution or liquidation of the
Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

        14.    Entire Agreement; Governing Law.    The Plan, the Notice and this Option Agreement constitute the entire
agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Optionee with respect to the subject matter
hereof, and except as provided in Section 16 of the Plan, may not be modified adversely to the Optionee's interest except by means of a writing signed by the Company and Optionee. This Option
Agreement is governed by the internal substantive laws, but not the choice of law rules, of the State of Delaware. 

  

NOTICE OF STOCK OPTION GRANT

Form for Employee New Hires and Promotions  

Optionee:
«first» «middle» «last»

        The
Compensation and Nominating Committee of the Board of Directors of MIPS Technologies, Inc. (the "Company"), has awarded you an option (the "Option") effective as of the Date
of Grant set forth below to purchase the number of shares of the Company's common stock (the "Common Stock") set forth below under the MIPS Technologies, Inc. 1998 Long-Term
Incentive Plan (the "Plan"), subject to the terms and conditions of the Plan and this Award Document, which is comprised of this Notice of Stock Option Grant and the attached Stock Option Agreement. 

Summary of Option Terms  

	Option Grant Number:	 	«grantno»
	Date of Grant:	 	«grantdate»
	Type of Option:	 	«type»
	Exercise Price per Share:	 	«price»
	Number of Shares Granted:	 	«shares»
	Vesting Commencement Date:	 	«vestbase»
	Expiration Date:	 	«expiration» Unless earlier terminated as provided in this Award Document or in the Plan.

        Vesting Schedule:    Twenty-four percent (24%) of the shares subject to this Option shall vest twelve
(12) months after the Vesting Commencement Date, and two percent (2%) of the shares subject to this Option shall vest on each monthly anniversary of the Vesting Commencement Date thereafter,
subject to the Optionee continuing to be an employee or consultant unless otherwise provided in this Award Document. 

        The
actual vesting dates and vesting periods for this Option are reflected below: 

	Total Shares Vesting in Period
	 	Vesting

Frequency
	 	Period

End Date

	«shares1»	 	«vtype1»	 	«vdate1»
	«shares2»	 	«vtype2»	 	«vdate2»
	«shares3»	 	«vtype3»	 	«vdate3»
	«shares4»	 	«vtype4»	 	«vdate4»
	«shares5»	 	«vtype5»	 	«vdate5»
	«shares6»	 	«vtype6»	 	«vdate6»

        By
your signature and the signature of the Company's representative below, you and the Company agree that this Option is granted under and governed by the terms and conditions of the
Plan and this Award Document, that this Option is granted for no consideration other than your services and your agreements set forth in this Award Document. Optionee hereby agrees to comply with the
terms and conditions of the Plan and this Award Document and accepts as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan and/or
this Award Document. 

	MIPS TECHNOLOGIES, INC.	 	OPTIONEE
	

By:	
 	

 	
 	

By:	
 	

 
	 	 	
	 	 	 	

	Name:	 	 	 	 	 	 
	Date:	 	 	 	Date:	 	 
	 	 	
	 	 	 	

        Please
return one fully executed original of this Award Document to the Stock Administration Department, Attention:
                        . The copy is for your
files. 

  

NOTICE OF STOCK OPTION GRANT

Form for Employee Renewals  

Optionee:
«first» «middle» «last»

        The
Compensation Committee of the Board of Directors of MIPS Technologies, Inc. (the "Company"), has awarded you an option (the "Option") effective as of the Date of Grant set
forth below to purchase the number of shares of the Company's common stock (the "Common Stock") set forth below under the MIPS Technologies, Inc. 1998 Long-Term Incentive Plan (the
"Plan"), subject to the terms and conditions of the Plan and this Award Document, which is comprised of this Notice of Stock Option Grant and the attached Stock Option Agreement. 

Summary of Option Terms  

	Option Grant Number:	 	«grantno»
	Date of Grant:	 	«grantdate»
	Type of Option:	 	«type»
	Exercise Price per Share:	 	«price»
	Number of Shares Granted:	 	«shares»
	Vesting Commencement Date:	 	«vestbase»
	Expiration Date:	 	«expiration» Unless earlier terminated as provided in this Award Document or in the Plan.

        Vesting Schedule:    This option will vest over fifty (50) months at a rate of two percent (2%) per month beginning with
the first monthly anniversary of the Vesting Commencement Date, subject to the Optionee continuing to be an employee unless otherwise provided in this Award Document. 

        The
actual vesting dates and vesting periods for this Option are reflected below: 

	Total Shares Vesting in Period
	 	Vesting

Frequency
	 	Period

End Date

	«shares1»	 	«vtype1»	 	«vdate1»
	«shares2»	 	«vtype2»	 	«vdate2»

        By
your signature and the signature of the Company's representative below, you and the Company agree that this Option is granted under and governed by the terms and conditions of the
Plan and this Award Document, that this Option is granted for no consideration other than your services and your agreements set forth in this Award Document. Optionee hereby agrees to comply with the
terms and conditions of the Plan and this Award Document and accepts as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan and/or
this Award Document. 

	MIPS TECHNOLOGIES, INC.	 	OPTIONEE
	

By:	
 	

 	
 	

By:	
 	

 
	 	 	
	 	 	 	

	Name:	 	 	 	 	 	 
	Date:	 	 	 	Date:	 	 
	 	 	
	 	 	 	

        Please
return one fully executed original of this Award Document to the Stock Administration Department, Attention:
                        . The copy is for your
files. 

QuickLinks

EMPLOYEE AGREEMENT

STOCK OPTION AGREEMENT under the MIPS TECHNOLOGIES, INC. 1998 LONG-TERM INCENTIVE PLANQuickLinks
 -- Click here to rapidly navigate through this document

EXHIBIT 10.18  

 
 

RESTRICTED STOCK PURCHASE AGREEMENT
  under the
  MIPS TECHNOLOGIES, INC.
  1998 LONG-TERM INCENTIVE PLAN    
    

        This Restricted Stock Purchase Agreement (this "Agreement") constitutes the Award Document pursuant to which MIPS Technologies, Inc., a Delaware
corporation (the "Company"), has awarded to [Insert Name] ("Purchaser") the right to purchase  [Insert #] shares of the Company's Common Stock subject to
the terms, definitions and provisions of the Company's 1998
Long-Term Incentive Plan (the "Plan"), which is incorporated herein by reference, and this Agreement (the "Award"). The terms defined in the Plan but not in this Agreement shall have the
meanings set forth in the Plan. 

        By
signing this Agreement, Purchaser acknowledges receipt of a copy of the Plan, a copy of which is annexed hereto, and represents that Purchaser is familiar with the terms and
provisions thereof, and hereby accepts this Award subject to all of the terms and provisions thereof. Purchaser further agrees to accept as binding, conclusive and final all decisions or
interpretations of the Board upon any questions arising under the Plan. 

        1.    Sale of Stock.    The Company hereby agrees to sell to the Purchaser and the Purchaser hereby agrees to purchase  [Insert #]
shares of the Company's Common Stock (the "Shares"), at a purchase price of $0.001 per share. The Shares shall be
maintained by the transfer agent in book entry form. Record of the Purchaser's interest in the Shares shall be maintained in the internal records of the Company relating thereto. The Purchaser
acknowledges that the records maintained by the Company with respect to the Shares shall be binding upon the Purchaser, absent manifest error. 

        2.    Payment of Purchase Price.    The purchase price for the Shares shall be paid by check payable to the Company at
the time of execution of this Agreement. 

        3.    Repurchase Right.    

        (a)    In General.    In the event of any voluntary or involuntary termination of the Purchaser's employment by or
services to the Company for any or no reason (including death or disability) before all of the Shares are released from the Company's repurchase right pursuant to Section 4 below, the Company
shall have the option to repurchase (the "Repurchase Right") all, or a portion of, the then Unreleased Shares (as defined in Section 4), at the original purchase price of $0.001 per share (the
"Repurchase Price"). For the avoidance of doubt, Shares automatically released from the Repurchase Right in the event of a termination of Purchaser's employment pursuant to Section 4(b) below
shall not be subject to the Repurchase Right as a result of such termination. The Repurchase Right shall be exercised by the Company pursuant to the terms of Section 3(b) below, by delivering
written notice and a check in the amount of the aggregate Repurchase Price to the Purchaser or the Purchaser's executor. 

        (b)    Company's Security Interest.    To secure the Repurchase Right described below, Purchaser hereby grants to the
Company a continuing security interest in the following property, rights and interests of the Purchaser, whether existing on the date hereof or hereafter arising or acquired (collectively, the "Share
Rights"): 

          (i)  the
Shares and the interest of the Purchaser therein as noted in the Company's records; 

         (ii)  all
money, securities (certificated or uncertificated), securities entitlements, investment property, commodities, futures, swap, index or derivative contracts,
instruments, documents, general intangibles, financial assets or other investment property arising from time to time or distributed in respect of the Shares; 

        (iii)  all
books and records relating to the Shares; 

 

        (iv)  all
the proceeds of the sale, exchange, redemption or exercise of any of the foregoing in any form, including, but not limited to, any dividend, interest payment or
other distribution of cash or property in respect thereof; and 

         (v)  any
rights incidental to the ownership of any of the foregoing, such as voting, conversion and registration rights and rights of recovery for violations of applicable
securities laws. 

        The
Purchaser acknowledges that the Company has retained possession of and exercises sole dominion and control over the Shares and the other Share Rights in furtherance of the Repurchase
Right and security interest granted hereby. The Repurchase Right and security interest granted to the Company hereunder shall not terminate and the Company shall not be required to terminate its
security interest in the Share Rights unless, until and to the extent that the Shares are released from the Repurchase Right pursuant to Section 4(a) hereof. The Purchaser shall take such
actions as the Company may reasonably request further to effect the purposes hereof. 

        4.    Release of Shares From Repurchase Right.    

        (a)   Subject
to the other terms and conditions of this Agreement and the Plan and provided that the Purchaser continues to be employed by or render services to the Company on
the date of any such release, the Shares shall be released from the Repurchase Right over a four (4) year period, with twenty-five percent (25%) of the Shares released on each
successive one-year anniversary of [Insert Date] until all of the Shares have been so released. 

        (b)   In
the event of the involuntary termination of the Purchaser's employment with the Company or a Subsidiary not for Cause or the Purchaser's termination of employment
with the Company or a Subsidiary for Good Reason within twenty-four (24) months after a change in control, any and all remaining Unreleased Shares shall be automatically released
from the Repurchase Right. 

        (c)   Any
of the Shares not released from the Company's Repurchase Right are referred to herein as "Unreleased Shares" and any of the Shares released from the Company's
Repurchase Right are referred to herein as "Released Shares." 

        5.    Restriction on Transfer.    Except as provided in Section 3, none of the Share Rights, nor any beneficial
interest therein, shall be transferred, encumbered or otherwise disposed of in any manner until the release of the underlying Shares from the Repurchase Right in accordance with the provisions of this
Agreement. 

        6.    Adjustment Upon Changes in Capitalization.    All references to the number of Shares and the purchase price of
Shares in this Agreement shall be appropriately adjusted to reflect any stock split, reverse stock split, stock dividend, combination or reclassification, or other change in the Shares which may be
made by the Company after the date of this Agreement. 

        7.    Restrictive Legends and Stop-Transfer Orders.    Purchaser understands and agrees that the Company
may place the legend set forth below or similar legends on any stock certificate(s) evidencing the Shares, together with any legends that may be required by state or federal securities laws and the
Company's Certificate of Incorporation or Bylaws: 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A REPURCHASE RIGHT HELD BY THE ISSUER AND/OR ITS ASSIGNEE(S) AS SET FORTH IN A RESTRICTED STOCK PURCHASE AGREEMENT
BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES. THE SECURITIES MAY NOT BE TRANSFERRED EXCEPT AS PERMITTED UNDER THE AGREEMENT. A COPY OF THE AGREEMENT MAY BE OBTAINED AT THE PRINCIPAL
OFFICE OF THE ISSUER. SUCH PUBLIC SALE AND TRANSFER RESTRICTIONS, INCLUDING THE REPURCHASE RIGHT, ARE BINDING ON TRANSFEREES OF THESE SHARES.

2

 

        8.    Tax Consequences.    PURCHASER UNDERSTANDS THAT PURCHASER MAY SUFFER ADVERSE TAX
CONSEQUENCES AS A RESULT OF PURCHASER'S PURCHASE OR DISPOSITION OF THE SHARES. PURCHASER REPRESENTS THAT (i) PURCHASER HAS CONSULTED WITH ANY TAX ADVISER THAT PURCHASER DEEMS ADVISABLE IN
CONNECTION WITH THE PURCHASE OR DISPOSITION OF THE SHARES AND (ii) PURCHASER IS NOT RELYING ON THE COMPANY FOR ANY TAX ADVICE. Purchaser hereby acknowledges that
Purchaser has been informed that, unless an election is filed by the Purchaser with the Internal Revenue Service (and, if necessary, the proper state taxing authorities) within thirty (30) days
of the purchase of the Shares, electing pursuant to Section 83(b) of the Internal Revenue Code (and similar state tax provisions, if applicable) to be taxed currently on any difference between
the purchase price of the Shares and their Fair Market Value on the date of purchase, there will be a recognition of taxable income to the Purchaser, measured by the excess, if any, of the Fair Market
Value of the Released Shares, at the time they cease to be Unreleased Shares, over the purchase price for such Shares. Purchaser represents that Purchaser has consulted any tax advisers Purchaser
deems advisable in connection with Purchaser's purchase of the Shares and the filing of the election under Section 83(b) and similar tax provisions. PURCHASER HEREBY
ASSUMES ALL RESPONSIBILITY FOR FILING SUCH ELECTION AND PAYING ANY TAXES RESULTING FROM SUCH ELECTION OR FROM FAILURE TO FILE THE ELECTION AND PAYING TAXES RESULTING FROM THE LAPSE OF THE REPURCHASE
RESTRICTIONS ON THE UNVESTED SHARES.

        9.    1998 Long-Term Incentive Plan.    This Agreement and the Purchaser's rights hereunder and with
respect to the Shares shall be governed in all respects by the provisions of the Company's 1998 Long-Term Incentive Plan. 

        10.    Stock Withholding to Satisfy Tax Withholding Obligations.    

        (a)    Withholding Generally.    Upon the purchase of Shares, or release from the Repurchase Right of Shares
purchased, under this Agreement, the Company may require the Purchaser to remit to the Company (by check payable to the Company) an amount sufficient to satisfy federal, state and local withholding
tax requirements due upon such purchase or release. Whenever, under this Agreement, payments are to be made in cash by the Company, such as in connection with the Company's exercise of its Repurchase
Right, such payment will be net of an amount sufficient to satisfy federal, state, and local withholding tax requirements. 

        (b)    Stock Withholding.    When, under applicable tax laws, the Purchaser incurs tax liability in connection with
the purchase or release from the Repurchase Right of any Shares that is subject to tax withholding and the Purchaser is obligated to pay the Company the amount required to be withheld, the Committee
may in its sole discretion allow the Purchaser to satisfy the minimum withholding tax obligation by electing to have the Company withhold from the Released Shares that minimum number of Released
Shares having a Fair Market Value equal to the minimum amount required to be withheld, determined on the Tax Date; provided,  however, that in no event will
the Company withhold Released Shares if such withholding would result in adverse accounting consequences to the Company.
All elections by a Purchaser to have Released Shares withheld for this purpose will be made in accordance with the requirements established by the Committee for such elections and be in writing in a
form acceptable to the Committee. 

        11.    General Provisions.    

        (a)   This
Agreement shall be governed by the internal substantive laws, but not the conflicts of law rules, of the State of Delaware. This Agreement and the Plan represent
the entire agreement between the parties with respect to the purchase of the Shares by the Purchaser and may only be modified or amended in writing signed by both parties. 

3

 

        (b)   PURCHASER
ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO SECTION 4 HEREOF IS EARNED ONLY BY CONTINUING SERVICE AS AN EMPLOYEE OR CONSULTANT AT THE
WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED AT THIS DATE, AND NOT THROUGH PURCHASING SHARES HEREUNDER). PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS
CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE OR CONSULTANT FOR THE VESTING PERIOD, FOR ANY
PERIOD, OR AT ALL, AND SHALL NOT INERFERE WITH PURCHASER'S RIGHT OR THE COMPANY'S RIGHT TO TERMINATE PURCHASER'S EMPLOYMENT OR CONSULTING RELATIONSHIP AT ANY TIME, WITH OR WITHOUT CAUSE. 

        IN WITNESS WHEREOF, the Parties have caused this Restricted Stock Purchase Agreement to be executed to be effective as of  [Insert Date]. 

	MIPS TECHNOLOGIES, INC.	 	[Insert Name] ("PURCHASER")
	

 	
 	

 	
 	

 	
 	

 
	By:	 	    
	 	By:	 	    

	Name:	 	    
	 	Name:	 	    

	Title:	 	    
	 	Title:	 	    

4

QuickLinks

RESTRICTED STOCK PURCHASE AGREEMENT under the MIPS TECHNOLOGIES, INC. 1998 LONG-TERM INCENTIVE PLAN

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]