Document:

2012 Executive Incentive Bonus Plan

 Exhibit 10.8 
 PEREGRINE SEMICONDUCTOR CORPORATION 
 INCENTIVE BONUS PLAN 

ARTICLE 1. BACKGROUND AND PURPOSE 
 1.1 Effective Date. This Plan became effective beginning in Fiscal Year 2012 upon its adoption by the Committee, and is not subject to approval by the Company’s stockholders. 

1.2 Purpose of the Plan. The Plan is intended to provide Participants with the possibility of earning annual cash incentive
bonuses in the event the Company achieves excellent financial and strategic performance. 
 ARTICLE 2. DEFINITIONS

 The following words and phrases shall have the following meanings, unless a different meaning is plainly required by the
context: 
 2.1 “Actual Award” means, as to any Performance Period, the actual award amount (if any) payable to
a Participant for the Performance Period. Each Actual Award is determined by the Payout Formula for the Performance Period, subject to the Administrator’s authority under Section 3.6 to increase, eliminate or reduce the award otherwise
indicated by the Payout Formula. 
 2.2 “Administrator” means the Committee or such other entity, group, or
individual delegated authority to administer the Plan in accordance with Section 5.1 of the Plan. 
 2.3
“Affiliate” means any corporation or other entity (including, without limitation, partnerships and joint ventures) controlled by the Company. 
 2.4 “Base Salary” means, as to any Performance Period, the Participant’s regular earned salary during the Performance Period. Base Salary shall be calculated before both
(a) deductions for taxes or benefits and (b) any deferrals of compensation pursuant to Company-sponsored plans or Affiliate-sponsored plans. 
 2.5 “Board” means the Company’s Board of Directors. 
 2.6
“Committee” means the Compensation Committee of the Board. 
 2.7 “Company” means Peregrine
Semiconductor Corporation, a Delaware corporation. 
 2.8 “Disability” means a permanent disability determined
in accordance with a policy established by the Administrator. 

 2.9 “Employee” means any employee of the Company or an Affiliate, whether
such employee is so employed when the Plan is adopted or becomes so employed after the adoption of the Plan. 
 2.10
“Fiscal Year” means the fiscal year of the Company. 
 2.11 “Participant” means, as to any
Performance Period, an Employee who has been selected for participation in the Plan for that Performance Period pursuant to Section 3.1. 
 2.12 “Payout Formula” means, as to any Performance Period, the formula or payout matrix established by the Administrator pursuant to Section 3.5 in order to determine the Actual
Awards (if any) to be paid to Participants. The formula or matrix may differ from Performance Period to Performance Period and from Participant to Participant. 
 2.13 “Performance Period” means a Fiscal Year, or any longer or shorter period determined by the Administrator. 
 2.14 “Performance Goals” means the goal(s) or combined goal(s) determined by the Administrator to be applicable to a Participant for a Target Award for a Performance Period. The possible
performance measures that might be used as a Performance Goal are set forth in Section 3.3 below. A Performance Goal may be established and measured either on a Company-wide basis or with respect to one or more business units, divisions,
Affiliates, business segments or an individual, and either in absolute terms or relative to the performance of one or more comparable companies or one or more relevant indices. The Administrator may adjust the results under any Performance Goal to
exclude any of the following events that occurs during a Performance Period: (a) asset write-downs, (b) litigation, claims, judgments or settlements, (c) the effect of changes in tax laws, accounting principles or other laws or
provisions affecting reported results, (d) accruals for reorganization and restructuring programs, (e) extraordinary, unusual or non-recurring items, (f) exchange rate effects for non-U.S. dollar denominated net sales and operating
earnings, or (g) statutory adjustments to corporate tax rates. 
 2.15 “Plan” means this Peregrine
Semiconductor Corporation Incentive Bonus Plan. 
 2.16 “Shares” means shares of the Company’s common
stock. 
 2.17 “Target Award” means the target award amount payable under the Plan to a Participant for the
Performance Period expressed as a percentage of his or her Base Salary, generally measured at the end of the applicable Performance Period (unless otherwise specified by the Administrator) or a specific dollar amount or by reference to a number of
Shares, as determined by the Administrator in accordance with Section 3.4. 
 2.18 “Termination of
Employment” means a cessation of the employee-employer relationship between an Employee and the Company or an Affiliate for any reason, including (without limitation) a termination by resignation, discharge, death, Disability, retirement or
the disaffiliation of an Affiliate, but excluding a transfer from the Company to an Affiliate or between Affiliates. 

  
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 ARTICLE 3. SELECTION OF PARTICIPANTS AND DETERMINATION OF AWARDS 

3.1 Selection of Participants. The Administrator, in its sole discretion, shall select the Employees who shall be Participants for
any Performance Period. The Administrator also may designate as Participants one or more individuals (by name or position) who are expected to become Employees during a Performance Period. Participation in the Plan is in the sole discretion of the
Administrator and shall be determined Performance Period by Performance Period. Accordingly, an Employee who is a Participant for a given Performance Period is in no way assured of being selected for participation in any subsequent Performance
Period. 
 3.2 Determination of Performance Period. The Administrator, in its sole discretion, shall establish whether a
Performance Period shall be a Fiscal Year or such longer or shorter period of time. The Performance Period may differ from Participant to Participant and from award to award. 
 3.3 Determination of Performance Goals. The Administrator shall establish the Performance Goals for each Participant for the Performance Period, and the Administrator (or its designee) shall
communicate the applicable Performance Goals to each Participant. The Performance Goals may differ from Participant to Participant and from award to award. The following performance objectives may be used as the basis of a Performance Goal: earnings
(including earnings per share; earnings before or after taxes; earnings before interest, taxes and depreciation; and earnings before interest, taxes, depreciation and amortization); total stockholder return; return on equity or average stockholder
equity; income measures including operating income, net operating income and net operating income after tax; margin objectives including gross margin and operating margin; revenue objectives including return on operating revenue and sales measures;
cash objectives including cash flow, operating cash flow, cash flow per share and cash balance; expense, cost or debt reduction; working capital; economic value added (or equivalent); market share; share price; customer satisfaction;
stockholders’ equity; contract awards or backlog; corporate or individual strategic goals; and individual performance goals. 
 3.4 Determination of Target Awards. The Administrator shall establish a Target Award for each Participant for each Performance Period, and the Administrator (or its designee) shall communicate the
applicable Target Award to each Participant. 
 3.5 Determination of Payout Formula or Formulae. The Administrator will
establish a Payout Formula or Formulae for purposes of determining the Actual Award (if any) payable to each Participant. Each Payout Formula may (a) be based on a comparison of actual performance to the Performance Goals, (b) provide for
the payment of a Participant’s Target Award if the Performance Goals for the Performance Period are achieved at the predetermined level and (c) provide for the payment of an Actual Award greater than or less than the Participant’s
Target Award, depending upon the extent to which actual performance exceeds or falls below the Performance Goals, subject to the limitations in Section 3.7. 
 3.6 Determination of Actual Awards. After the end of each Performance Period, the Administrator will determine the extent to which the Performance Goals applicable to

  
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each Participant for the Performance Period were achieved or exceeded. The Actual Award for each Participant will be determined by applying the Payout Formula to the level of actual performance
that has been determined by the Administrator; provided that notwithstanding anything to the contrary in this Plan, the Administrator may (a) reduce or eliminate the Actual Award that otherwise would be payable under the Payout Formula;
(b) increase the Actual Award; or (c) determine whether or not any Participant will receive an Actual Award in the event that the Participant incurs a Termination of Employment before such Actual Award is to be paid pursuant to
Section 4.2. If a Participant’s Actual Award is reduced or eliminated, no other Participant’s Actual Award shall be increased as a result. The Administrator has the absolute discretion to reduce or eliminate payment of an Actual Award
if in the Administrator’s judgment corporate performance, financial condition, individual performance, general economic conditions, or other similar factors make such reduction or elimination appropriate. 

3.7 Maximum Actual Awards. The Administrator may establish the maximum amount or value of the Actual Award paid to any Participant
for any Performance Period. 
 ARTICLE 4. PAYMENT OF AWARDS 

4.1 Right to Receive Payment. A Participant shall have no right to receive an Actual Award unless the Participant is employed by
the Company or an Affiliate on the date of payment, unless otherwise determined by the Administrator. 
 4.2 Unfunded
Plan. Each Actual Award that may become payable under the Plan shall be paid solely from the general assets of the Company or the Affiliate that employs the Participant (as the case may be), as determined by the Company. No amounts awarded or
accrued under the Plan shall be funded, set aside or otherwise segregated prior to payment. The obligation to pay Actual Awards under the Plan shall at all times be an unfunded and unsecured obligation of the Company. Participants shall have the
status of general creditors of the Company or the Affiliate that employs the Participant. 
 4.3 Timing of Payment.
Subject to Sections 3.7 and 4.6, payment of each Actual Award shall be made as soon as administratively practicable after the end of the applicable Performance Period, but in no event after two and one-half months following the calendar year in
which the right to receive payment of the Actual Award by a Participant ceases to be a “substantial risk of forfeiture” within the meaning of Treasury Regulation Section 1.409A-1(d). 

4.4 Form of Payment. Each Actual Award shall be paid in cash (or its equivalent) or Shares in a single lump sum, except as
otherwise determined by the Administrator. To the extent an Actual Award is paid in whole or in part in Shares, such Shares shall be granted under an equity incentive plan maintained by the Company for the payment or awarding of Shares. 

4.5 Payment in the Event of Death. If a Participant dies before receiving an Actual Award that was scheduled to be paid before his
or her death for a prior Performance Period, then the Actual Award shall be paid to the Participant’s designated beneficiary or, if no 

  
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beneficiary has been designated, to the administrator or representative of his or her estate, subject to applicable law. Any beneficiary designation or revocation of a prior designation shall be
effective only if it is in writing, signed by the Participant and received by the Company prior to the Participant’s death, subject to applicable law. 
 4.6 Suspension or Termination of Awards. The Administrator may with respect to any one or more Performance Periods establish terms and conditions for the suspension of the payment or for the
non-payment of any Actual Award in the event of misconduct of a Participant. In the absence of the establishment of such terms and conditions, the following terms shall apply: If at any time (including after the conclusion of a Performance Period)
the Administrator reasonably believes that a Participant has committed an act of misconduct as described in this Section 4.5, the Administrator may suspend the payment of an Actual Award, pending a determination of whether an act of misconduct
has been committed. If the Administrator determines that a Participant has committed an act of embezzlement, fraud or breach of fiduciary duty, or if a Participant makes an unauthorized disclosure of any trade secret or confidential information of
the Company or any of its Affiliates, or induces any customer to breach a contract with the Company or any of its Affiliates, neither the Participant nor his or her estate shall be entitled to receive payment of any Actual Award. Any determination
by the Administrator with respect to the foregoing shall be final, conclusive and binding on all interested parties. 
 4.7
Recoupment Policy. All awards granted under the Plan shall be subject to any Company recoupment or clawback policy, as in effect from time to time, including any required by Section 954 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act. 
 ARTICLE 5. ADMINISTRATION 
 5.1 Administrator Authority. The Plan shall be administered by the Administrator, subject to Section 5.3, and with respect to any Company executive officer the Committee shall act as
Administrator. The Administrator shall have all powers and discretion necessary or appropriate to administer the Plan and to control its operation, including (without limitation) the power to (a) determine which Employees shall be granted
awards, (b) prescribe the terms and conditions of the awards, (c) interpret the Plan, (d) adopt such procedures and sub-plans as are necessary or appropriate, (e) adopt rules for the administration, interpretation and application
of the Plan and (f) interpret, amend or revoke any such rules. 
 5.2 Decisions Binding. All determinations and
decisions made by the Administrator, the Board or any delegate of the Administrator pursuant to the provisions of the Plan shall be final, conclusive and binding on all persons and shall be given the maximum deference permitted by law. 

5.3 Delegation by the Administrator. The Administrator, on such terms and conditions as it may provide, may delegate all or part
of its authority and powers under the Plan to one or more directors and/or employees of the Company, except that the Committee may not delegate its authority and powers under the Plan with respect to Company executive officers. 

  
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 ARTICLE 6. GENERAL PROVISIONS 

6.1 Tax Withholding. The Company or an Affiliate, as applicable, shall withhold all required taxes from an Actual Award, including
any federal, state, local or other taxes. 
 6.2 Application of Section 409A. The provisions of this Plan are
intended to be exempt from the requirements of Section 409A of the Code so that none of the payments to be provided under this Plan will be subject to the additional tax imposed under Section 409A of the Code, and any ambiguities herein
will be interpreted to be so exempt. In no event will the Administrator reimburse Participants for any taxes that may be imposed as result of Section 409A of the Code. 
 6.3 No Effect on Employment. Neither the Plan nor any Target Award shall confer upon a Participant any right with respect to continuing the Participant’s employment with the Company or an
Affiliate. Nothing in the Plan shall interfere with or limit in any way the right of the Company or an Affiliate, as applicable, to terminate any Participant’s employment or service at any time, with or without cause. The Company and its
Affiliates expressly reserve the right, which may be exercised at any time and without regard to when during or after a Performance Period such exercise occurs, to terminate any individual’s employment with or without cause, and to treat him or
her without regard to the effect that such treatment might have upon him or her as a Participant. 
 6.4 Participation; No
Effect on Other Benefits. No Employee shall have the right to be selected to receive an award under the Plan, or, having been so selected, to be selected to receive a future award. Except as expressly set forth in a Participant’s employment
agreement with the Company or an Affiliate, any Actual Awards under the Plan shall not be considered for the purpose of calculating any other benefits to which such Participant may be entitled, including (a) any termination, severance,
redundancy or end-of-service payments, (b) other bonuses or long-service awards, (c) overtime premiums, (d) pension or retirement benefits or (e) future Base Salary or any other payment to be made by the Company to such
Participant. All Participants expressly acknowledge that there is no obligation on the part of the Company to continue the Plan. Any Actual Awards granted under the Plan are not intended to be compensation of a continuing or recurring nature, or
part of a Participant’s normal or expected compensation, 
 6.5 Successors. All obligations of the Company and any
Affiliate under the Plan, with respect to awards granted hereunder, shall be binding on any successor to the Company and/or such Affiliate, whether the existence of such successor is the result of a merger, consolidation, direct or indirect purchase
of all or substantially all of the business or assets of the Company or such Affiliate, or any similar transaction. 
 6.6
Nontransferability of Awards. No award granted under the Plan shall be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than by will, by the laws of descent and distribution or to the limited extent provided
in Section 4.4. All rights with respect to an award granted to a Participant shall be available during his or her lifetime only to the Participant. 

  
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 ARTICLE 7. DURATION, AMENDMENT AND TERMINATION 

7.1 Duration of the Plan. The Plan shall remain in effect until terminated pursuant to Section 7.2. 

7.2 Amendment, Suspension or Termination. The Board or the Administrator may amend, suspend or terminate the Plan, or any part
thereof, at any time and for any reason. No award may be granted during any period of suspension or after termination of the Plan. 
 ARTICLE 8. LEGAL CONSTRUCTION 
 8.1 Severability. In the event any
provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been
included. 
 8.2 Requirements of Law. The granting of awards under the Plan shall be subject to all applicable laws,
rules and regulations, and to such approvals by any governmental agencies or national securities markets as may be required. 

8.3 Captions. Captions are provided herein for convenience only and shall not serve as a basis for interpretation or construction
of the Plan. 

  
 7Management Retention Agreement

 Exhibit 10.19 
 PEREGRINE SEMICONDUCTOR CORPORATION 
 MANAGEMENT RETENTION AGREEMENT

 This Management Retention Agreement (the “Agreement”) is made and entered into by and between James S. Cable
(the “Employee”) and Peregrine Semiconductor Corporation (the “Company”), effective as of February 19, 2004 (the “Effective Date”). 
 RECITALS 
 A. It is expected that the Company from time to time will
consider the possibility of an acquisition by another company or other change of control. The Board of Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to Employee and can cause Employee to
consider alternative employment opportunities. The Board has determined that it is in the best interests of the Company and its shareholders to assure that the Company will have the continued dedication and objectivity of Employee, notwithstanding
the possibility, threat or occurrence of a Change of Control (as defined below) of the Company. 
 B. The Board believes that it
is in the best interests of the Company and its shareholders to provide Employee with an incentive to continue his employment and to motivate Employee to maximize the value of the Company upon a Change of Control for the benefit of its shareholders.

 C. The Board believes that it is imperative to provide Employee with certain severance benefits upon Employee’s
termination of employment on or following a Change of Control which provides Employee with enhanced financial security and provides incentive and encouragement to Employee to remain with the Company notwithstanding the possibility of a Change of
Control. 
 D. The Board also believes that it is in the best interests of the Company to provide Employee with certain
severance benefits upon Employee’s termination of employment by the Company for reasons other than cause apart from a Change in Control. 
 E. Certain capitalized terms used in the Agreement are defined in Section 9 below. 
 F. Employee and the Company are party to that letter agreement dated as of November 2002 (the “Letter Agreement”). 
 The parties hereto agree as follows: 
 1. Restatement of Letter
Agreement. This Agreement amends and restates the Letter Agreement in its entirety 
 2. Term of
Agreement. This Agreement shall terminate upon the date that all obligations of the parties hereto with respect to this Agreement have been satisfied. 

 3. At-Will Employment. The Company and Employee acknowledge that Employee’s
employment is and shall continue to be at-will, as defined under applicable law. If Employee’s employment terminates for any reason, including (without limitation) a termination prior to a Change of Control, Employee shall not be entitled to
any payments, benefits, damages, awards or compensation other than as provided by this Agreement, or as may otherwise be available in accordance with the Company’s established written employee plans. 

4. Change of Control Severance Benefits. 
 (a) Termination Without Cause or by Reason of an Involuntary Termination. If Employee’s employment is terminated (i) for reasons other than Cause (other than by reason of Employee’s
death or Disability) or (ii) by reason of an Involuntary Termination, in either case, on or within twelve (12) months following a Change of Control, then Employee shall be entitled to receive the following benefits from the Company:

 (i) Salary Continuation. Employee shall receive continuation of Base Salary for a period of twelve (12) months
following Employee’s termination of employment; provided, however, any such salary continuation shall immediately terminate upon Employee’s commencement of full-time employment with another employer and Employee shall notify Company of
such employment within three business days. All such severance payments shall be made in accordance with the Company’s normal payroll practices. Such continuation of Base Salary shall be in lieu of any and all other benefits for which Employee
is entitled to receive on the date of Employee’s termination of employment. 
 (ii) Employee Benefits Continuation.
Employee shall receive one hundred percent (100%) of Company-paid health, dental, vision, long-term disability and life insurance coverage at the same level of coverage as was provided to Employee immediately prior to Employee’s
termination of employment through continuation of his coverage pursuant to COBRA (“Company-Paid Coverage”). If such coverage included Employee’s dependents immediately prior to Employee’s termination, such dependents shall also
be covered at the Company’s expense. Company-Paid Coverage shall continue until the earlier of (i) twelve (12) months following the date of Employee’s termination, or (ii) the date upon which Employee or Employee’s
dependents become covered under another employer’s group health, dental, vision, long-term disability or life insurance plans. 
 (iii) Equity Compensation Accelerated Vesting. Immediately upon Employee’s termination, 100% of the unvested portion of any stock option, restricted stock or other Company equity compensation
held by the Employee shall automatically be accelerated in full as to become completely vested. In addition, the balance of the principal and any accrued interest on the notes entered into by and between the Company and the Employee in December
1991 and December 1999 (the “Notes”) to purchase shares of the Company’s common stock (the “Shares”), which such Shares secure the Notes, shall be immediately forgiven, and the Employee shall have no further obligation under
such Notes. 
 (b) Voluntary Resignation; Termination For Cause. If the Employee’s employment terminates by
reason of the Employee’s voluntary resignation that is not an Involuntary Termination, or if the Employee is terminated for Cause, then the Employee shall 

  
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not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then existing severance and benefits plans or pursuant to
other written agreements with the Company. 
 (c) Disability; Death. If the Employee’s employment with the
Company terminates as a result of the Employee’s Disability, or if Employee’s employment is terminated due to the death of the Employee, then the Employee shall not be entitled to receive severance or other benefits except for those (if
any) as may then be established under the Company’s then existing severance and benefits plans or pursuant to other written agreements with the Company. 
 (d) Termination Apart from Change of Control. In the event the Employee’s employment is terminated for any reason, either prior to the occurrence of a Change of Control (but not in
anticipation of such Change of Control) or after the twelve (12)-month period following a Change of Control, then the Employee shall be entitled to receive severance benefits set forth in Section 4 below. 

5. Non-solicitation. Employee agrees that during the period of Employee’s employment with the Company and for a period of
twelve (12) months following the Employee’s cessation of employment for any reason, Employee will not directly or indirectly induce or attempt to influence any employee of the Company to leave its employ. 

6. Execution of Release Agreement upon Termination. As a condition of entering into this Agreement and receiving the benefits
hereunder, Employee agrees to execute a release of claims in the Company’s favor substantially in the form attached hereto as Exhibit A upon the termination of his employment with the Company. Execution of the release shall be a condition
precedent to the receipt of any benefits under this Agreement. 
 7. Limitation on Payments. In the event that the
severance and other benefits provided for in this Agreement or otherwise payable to Employee (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the
“Code”) and (ii) but for this Section 7, would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then Employee’s benefits hereunder shall be either 

(a) delivered in full, or 
 (b) delivered as to such lesser extent which would result in no portion of such severance benefits being subject to the Excise Tax, 
 whichever of the foregoing amounts, taking into account the applicable federal, state and local income and employment taxes and the Excise Tax, results in the receipt by Employee on an after-tax basis, of
the greatest amount of severance benefits, notwithstanding that all or some portion of such benefits may be taxable under the Excise Tax. Unless the Company and Employee otherwise agree in writing, any determination required under this
Section 7 shall be made in writing in good faith by the accounting firm serving as the Company’s independent public accountants immediately prior to the Change of Control (the “Accountants”). For purposes of making the
calculations required by this Section 7, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on 

  
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reasonable, good faith interpretations concerning the application of the Code. The Company and Employee shall furnish to the Accountants such information and documents as the Accountants may
reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 7. 

8. Definition of Terms. The following terms, when capitalized to in this Agreement, shall have the following meanings: 

(a) Base Salary. “Base Salary” shall mean Employee’s annual Company salary at the rate in effect immediately
preceding Employee’s date of termination with the Company. 
 (b) Cause. “Cause” shall mean the
occurrence of any one or more of the following: (i) Employee’s conviction by, or entry of a plea of guilty or nolo contendre in, a court of competent jurisdiction for any crime which constitutes a felony in the jurisdiction involved;
(ii) Employee’s misappropriation of funds or commission of an act of fraud, whether prior or subsequent to the date hereof, upon the Company; (iii) material negligence by Employee in the scope of Employee’s services to the
Company; (iv) a breach by Employee of a material provision of this Agreement; or (v) a material failure of Employee to perform his duties hereunder. 
 (c) Change of Control. “Change of 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) becomes the beneficial owner (as defined in Rule l3d-3 under said Act), directly or
indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities; or 

(ii) The consummation of the sale or disposition by the Company of all or substantially all the Company’s assets; or 

(iii) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation
which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least
fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation; or 

(iv) A change in the composition of the Board occurring within a two-year period, as a result of which fewer than a majority of the
directors are Incumbent Directors. Incumbent Directors shall mean directors who either (A) are directors of the Company as of the date upon which this Agreement was entered into, or (B) are elected, or nominated for election, to the Board
with the affirmative votes of at least a majority of those directors whose election or nomination was not in connection with any transaction described in subsections (i), (ii), or (iii)

  
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above, or in connection with an actual or threatened proxy contest relating to the election of directors to the Company. 
 (d) Disability. “Disability” means Executive’s total and permanent disability as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended. 

(e) Involuntary Termination. “Involuntary Termination” shall mean (i) without Employee’s express written
consent, a material reduction of Employee’s duties, authority and responsibilities, relative to Employee’s duties, authority and responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such
reduced duties, authority and responsibilities; (ii) a reduction by. the Company in the Base Salary of Employee as in effect immediately prior to such reduction ; (iii) a material reduction by the Company in the kind or level of employee
benefits, to which Employee was entitled immediately prior to such reduction with the result that Employee’s overall benefits package is materially reduced; (iv) the relocation of Employee to a facility or a location more than thirty-five
(35) miles from Employee’s then present location, without Employee’s express written consent;; or (v) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 10(a)
below. A resignation tendered by Employee pursuant to a direct request of the Board shall, for purposes of this Agreement, be treated as an Involuntary Termination. 
 9. Successors. 
 (a) Company’s Successors. Any successor to
the Company (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the obligations under this Agreement and agree
expressly to perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term
“Company” shall include any such successor to the Company which executes and delivers the assumption agreement described in this Section 10(a) or which becomes bound by the terms of this Agreement by operation of law. 

(b) Employee’s Successors. The terms of this Agreement and all rights of Employee hereunder shall inure to the benefit
of, and be enforceable by, Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
 10. Notice. 
 (a) General. Notices and all other communications
contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of Employee,
mailed notices shall be addressed to him at the home address which he most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be
directed to the attention of its Secretary. 

  
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 (b) Notice of Termination. Any termination by the Company for Cause or by
Employee as a result of an Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in accordance with Section 11(a) of this Agreement. Such notice shall indicate the specific termination
provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the termination date (which shall be not more
than 30 days after the giving of such notice). The failure by Employee to include in the notice any fact or circumstance which contributes to a showing of Involuntary Termination shall not waive any right of Employee hereunder or preclude Employee
from asserting such fact or circumstance in enforcing his rights hereunder. 
 11. Miscellaneous Provisions. 

(a) Waiver. No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or
discharge is agreed to in writing and signed by Employee and by an authorized officer of the Company (other than Employee). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other
party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

(b) Whole Agreement. No agreements, representations or understandings (whether oral or written and whether express or
implied) which are not expressly set forth in this Agreement have been made or entered into by either party with respect to the subject matter hereof. This Agreement represents the entire understanding of the parties hereto with respect to the
subject matter hereof and supersedes all prior arrangements and understandings regarding same. 
 (c) Choice of
Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of California. 
 (d) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall
remain in full force and effect. 
 (e) Withholding. All payments made pursuant to this Agreement will be subject to
withholding of applicable income and employment taxes to the extent required by law. 
 (f) Counterparts. This
Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. 

  
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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the day and year set forth below. 
  

							
		 		 		 	 PEREGRINE SEMI CONDUCTOR
 CORPORATION

				
	Dated: 2/29/08	 		 	By	 	 /s/ PHIL CHAPMAN

		 		 		 	Phil Chapman
		 		 	Title:	 	Chief Financial Officer
				
		 		 		 	EMPLOYEE
				
	Dated: 2/29/08	 		 		 	 /s/ JAMES S. CABLE

		 		 		 	James S. Cable

  
 7 

 EXHIBIT A 

FORM RELEASE OF CLAIMS AGREEMENT 
 This Release of Claims Agreement (“Agreement”) is made by and between Peregrine Semiconductor Corporation (the “Company”) and [NAME] (“Employee”). 

WHEREAS, [NAME] was employed by the Company; 
 WHEREAS, the Company (or the Company’s predecessor) and Employee have entered into a Management Retention Agreement effective as of
            , 2004 (the “Management Agreement”); 
 NOW
THEREFORE, in consideration of the mutual promises made herein, the Company and Employee (collectively referred to as “the Parties”) hereby agree as follows: 
 1. Termination. Employee’s employment with the Company terminated on                     .

 2. Consideration. Subject to and in consideration of Employee’s release of claims as provided herein, the Company
has agreed to pay Employee certain benefits as set forth in the Management Agreement. 
 3. Payment of Salary. Employee
acknowledges and represents that except as to amounts that remain payable to Employee pursuant to the terms of the Management Agreement, the Company has paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits
due to Employee. 
 4. Release of Claims. Employee agrees that the foregoing consideration represents settlement in full
of all outstanding obligations owed to Employee by the Company. Employee on behalf of himself and his heirs, family members, executors, administrators and assigns, hereby fully and forever releases the Company and its officers, directors, employees,
investors, shareholders, administrators, affiliates, divisions, subsidiaries, predecessor and successor corporations, and assigns (“the Releasees”), from, and agree not to sue concerning, any claim, duty, obligation or cause of action
relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that Employee may possess arising from any omissions, acts or facts that have occurred up until and including the Effective Date of this Agreement
including, without limitation, 
 (a) any and all claims relating to or arising from Employee’s employment relationship
with the Company and the termination of that relationship; 
 (b) any and all claims relating to, or arising from,
Employee’s right to purchase, or actual purchase of shares of stock of the Company, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and
securities fraud under any state or federal law; 

 (c) any and all claims for wrongful discharge of employment; breach of contract, both
express and implied; breach of a covenant of good faith and fair dealing, both express and implied; negligent or intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with
contract or prospective economic advantage; defamation; negligence; personal injury; assault; battery; invasion of privacy; false imprisonment; and conversion; 
 (d) any and all claims for violation of any federal, state or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age
Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the Fair Labor Standards Act, the California Fair Employment and Housing Act, and Labor Code section 201, et seq.; 

(e) any and all claims arising out of any other laws and regulations relating to employment or employment discrimination; and

 (f) any and all claims for attorneys’ fees and costs. 
 The Company and Employee agree that the release set forth in this section shall be and remain in effect in all respects as a complete general release as to the matters released. This release does not
extend to any obligations incurred under this Agreement. 
 5. Acknowledgement of Waiver of Claims Under ADEA. Employee
acknowledges that he/she is waiving and releasing any rights he/she may have under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. Employee and the Company agree that
this waiver and release does not apply to any rights or claims that may arise under ADEA after the Effective Date of this Agreement. Employee acknowledges that the consideration given for this waiver and release Agreement is in addition to anything
of value to which Employee was already entitled. Employee further acknowledges that he/she has been advised by this writing that 
 (a) he/she should consult with an attorney prior to executing this Agreement; 
 (b) he/she has twenty-one (21) days within which to consider this Agreement; 

(c) he/she has seven (7) days following his/her execution of this Agreement to revoke the Agreement; and 

(d) this Agreement shall not be effective until the revocation period has expired; 

nothing in this Agreement prevents or precludes Employee from challenging or seeking a determination in good faith of the validity of this waiver under
the ADEA, nor does it impose any condition precedent, penalties or costs from doing so, unless specifically authorized by federal law. 

  
 2 

 6. Civil Code Section 1542. Employee represents that he is not aware of any
claims against the Company other than the claims that are released by this Agreement. Employee acknowledges that he has been advised by legal counsel and is familiar with the provisions of California Civil Code Section 1542, which provides as
follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT
THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 
 Employee, being
aware of said code section, agrees to expressly waive any rights he may have thereunder, as well as under any other statute or common law principles of similar effect. 
 7. No Pending; or Future Lawsuits. Employee represents that (1) he has no lawsuits, claims, or actions pending in his name, or on behalf of any other person or entity, against the Company or
any other person or entity referred to herein, or (2) in the event he has brought a lawsuit, claim or action on behalf of himself, he will dismiss the lawsuit, claim or action with prejudice, or (3) in the event he has brought a lawsuit,
claim or action on behalf of any other person or entity, he will dismiss the lawsuit, claim or action with prejudice, if permitted by applicable law. Employee also represents that he does not intend to bring any claims on his own behalf or on behalf
of any other person or entity against the Company or any other person or entity referred to herein. 
 8.
Confidentiality. Employee agrees to use his best efforts to maintain in confidence the existence of this Agreement, the contents and terms of this Agreement, and the consideration for this Agreement (hereinafter collectively referred to as
“Release Information”). Employee agrees to take every reasonable precaution to prevent disclosure of any Release Information to third parties, and agrees that there will be no publicity, directly or indirectly, concerning any Release
Information. Employee agrees to take every precaution to disclose Release Information only to those attorneys, accountants, governmental entities, and family members who have a reasonable need to know of such Release Information. 

9. No Cooperation. Employee agrees that he will not counsel or assist any attorneys or their clients in the presentation or
prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against the Company and/or any officer, director, employee, agent, representative, shareholder or attorney of the Company, unless under a
subpoena or other court order to do so. 
 10. Mutual Non-Disparagement. The Company agrees that its officers and
directors will not make any negative or derogatory comments about Employee at any time, and Employee agrees that he will not make any negative or derogatory comments about the Company at any time. The Company agrees that it will respond to any third
party inquiries about Employee, by stating only the date Employee began and terminated his employment, and that it is Company policy not to make further comments about departed employees. 

  
 3 

 11. Costs. The Parties shall each bear their own costs, expert fees, attorneys’
fees and other fees incurred in connection with this Agreement. 
 12. Authority. Employee represents and warrants that
he has the capacity to act on his own behalf and on behalf of all who might claim through him to bind them to the terms and conditions of this Agreement. 
 13. No Representations. Employee represents that he has had the opportunity to consult with an attorney, and has carefully read and understands the scope and effect of the provisions of this
Agreement. Neither party has relied upon any representations or statements made by the other party hereto which are not specifically set forth in this Agreement. 
 14. Severability. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full
force and effect without said provision. 
 15. Entire Agreement. This Agreement and the Management Retention Agreement
and the agreements and plans referenced in such Agreements (including, without limitation, all of Employees stock option, equity compensation and/or restricted stock purchase plans) represent the entire agreement and understanding between the
Company and Employee concerning Employee’s separation from the Company, and supersede and replace any and all prior agreements and understandings concerning Employee’s relationship with the Company and his compensation by the Company with
the exception of the Employment, Invention Assignment and Confidential Information Agreement by and between Employee and the Company. This Agreement may only be amended in writing signed by Employee and an executive officer of the Company.

 16. Governing Law. This Agreement shall be governed by the internal substantive laws, but not the choice of law rules,
of the State of California. 
 17. Effective Date. This Agreement is effective eight (8) days after it has been
signed by both Parties. 
 18. Counterparts. This Agreement may be executed in counterparts, and each counterpart shall
have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned. 
 19. Voluntary Execution of Agreement. This Agreement is executed voluntarily and without any duress or undue influence on the part or behalf of the Parties hereto, with the full intent of releasing
all claims. The Parties acknowledge that: 
 (a) They have read this Agreement; 

(b) They have been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of their own choice or
that they have voluntarily declined to seek such counsel; 

  
 4 

 (c) They understand the terms and consequences of this Agreement and of the releases it
contains; 
 (d) They are fully aware of the legal and binding effect of this Agreement. 

IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth below. 

 

							
		 		 	 PEREGRINE SEMICONDUCTOR
 CORPORATION

		 		 	
	Dated:            ,         	 		 	By	 	  

		 		 		 	Philip Chapman, Chief Financial Officer
				
	Dated:            ,         	 		 	By	 	  

		 		 		 	James S. Cable, an individual

  
 5 

 PEREGRINE SEMICONDUCTOR CORPORATION

 December 28, 2010 
 James S. Cable 
 Dear Jim: 

You and Peregrine Semiconductor Corporation (the “Company”) entered into a Management Retention Agreement effective as of
February 19, 2004 (the “Management Retention Agreement”). To avoid potential adverse tax consequences imposed by Section 409A of the Internal Revenue Code of 1986, as amended, the Management Retention Agreement is hereby amended
as follows: 
 1. Separation from Service. Wherever the Management Retention Agreement refers to a termination of
employment or similar event, including (without limitation) a termination for reasons other than Cause or an Involuntary Termination, the reference will be interpreted to mean a “separation from service” (a “Separation”), as
defined in the regulations under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 

2. Section 409A. For purposes of Section 409A of the Code, each salary continuation payment under Section 4(a) is
hereby designated as a separate payment. If the Company determines that Employee is a “specified employee” under Section 409A(a)(2)(B)(i) of the Code at the time of Employee’s Separation, then (i) the salary continuation
payments under Section 4(a), to the extent that they are subject to Section 409A of the Code, will commence during the seventh month after the Employee’s Separation and (ii) the installments that otherwise would have been paid
during the first six months after the Employee’s Separation will be paid in a lump sum when the salary continuation payments commence. This paragraph supersedes any contrary provision in the Management Retention Agreement. 

3. Timing of Salary Continuation Payments. The salary continuation payments described in Section 4(a) of
the Management Retention Agreement will commence on the Company’s first payroll that occurs on or following the
61st day after the Employee’s Separation, provided
that the release of claims described in Section 6 of the Management Retention Agreement has become effective on or prior to the 60th day after the Employee’s Separation. Once such salary continuation payments commence, the first installment
thereof will include all amounts that would have been paid had such payments commenced on the Separation date. 
 4.
Limitation on Payments. In the event a reduction in benefits is required under Section 7 in order to maximize the after-tax value of benefits received by the Employee in the manner specified in clause (b) of Section 7, then
such reduction shall be undertaken in a manner that (a) first reduces any payment or benefit subject to Code Section 409A (or if there are more than one such payment or benefit, then all such payments or benefits on a pro-rata basis) and
then, to the extent necessary and in such manner as the Employee may elect, reduces any 

 James S. Cable 
 December 28, 2010 
 Page 2 

 

 
payments or benefits that are not subject to Code Section 409A (provided that if the Employee does not make such election within 10 days after receipt of a notice from the Company describing
the need therefore, then the Company may elect which and how much of the payments or benefits shall be eliminated or reduced and shall notify the Employee promptly of such election) and (b) does not result in any payment or benefit becoming
subject to Code Section 409A(a)(1). This paragraph supersedes any contrary provision in the Management Retention Agreement. 
 5. Definition of Involuntary Termination. Notwithstanding the definition of “Involuntary Termination” in the Management Retention Agreement: 

(a) An Involuntary Termination shall not be deemed to have occurred under (1) clause (ii) of Section 8(e)
unless the reduction in Base Salary is a material reduction or (2) clause (iv) of Section 8(e) unless the relocation results in Employee’s one-way commute increasing by at least 35 miles; and 

(b) Employee’s voluntary resignation will not constitute an “Involuntary Termination” unless Employee gives
the Company written notice of the condition constituting grounds for an Involuntary Termination within 90 days after the condition comes into existence and the Company fails to remedy the condition within 30 days after receiving Employee’s
written notice. In addition, Employee’s resignation must occur within 12 months after the condition comes into existence. 
 This paragraph
supersedes any contrary provision in the Management Retention Agreement. 
 Except as expressly set forth above, the Management
Retention Agreement will remain in effect without change. 
 You may indicate your agreement with this amendment of the
Management Retention Agreement by signing and dating the enclosed duplicate original of this letter agreement and returning it to me. This letter agreement may be executed in two counterparts, each of which will be deemed an original, but both of
which together will constitute one and the same instrument. 
  

			
	Very truly yours,
	
	PEREGRINE SEMICONDUCTOR CORPORATION
		
	 By:
	 	 /s/ JAY BISKUPSKI

	 Title:
	 	 CFO

 I have read and accept this amendment: 

 James S. Cable 
 December 28, 2010 
 Page 3 

 

	
	 /s/ JAMES S. CABLE

	
	Dated: 12/28/10

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