Document:

Form of Executive Retention Agreement

 Exhibit 10.93 
  
 EXECUTIVE RETENTION AGREEMENT 
  

by and between 
  
 MICROSEMI CORPORATION 
  
 and 
  

 (“Executive”) 

 TABLE OF CONTENTS 
  

									
	 	  	 	  	 	 	 	  	Page

	1.	  	Term.	  	1
	2.	  	Terminations by Executive.	  	1
	 	  	a.	  	    Termination by Executive for “Good Reason.”	  	1
	 	  	b.	  	    Change of Control.	  	2
	 	  	c.	  	    Voluntary Termination by Executive.	  	2
	3.	  	Executive’s Benefits Following Termination by Executive for “Good Reason” or by Company, in
either Case only following Change in Control.	  	2
	 	  	 	  	    (i)	 	Salary.	  	3
	 	  	 	  	    (ii)	 	Incentive Compensation.	  	3
	 	  	 	  	    (iii)	 	Car Allowance.	  	3
	 	  	 	  	    (iv)	 	Stock Options.	  	3
	 	  	 	  	    (v)	 	Medical and Life Insurance.	  	3
	 	  	 	  	    (vi)	 	Retirement Plans; Unvested Company Contribution.	  	3
	 	  	 	  	    (vii)	 	Vacation and Sick Leave.	  	4
	 	  	 	  	    (viii)	 	General.	  	4
	4.	  	Other Benefits Following Termination	  	4
	 	  	a.	  	    COBRA	  	4
	5.	  	Indemnification	  	4
	6.	  	Obligatory Restrictions on Executive	  	4
	 	  	a.	  	    Non-Competition	  	4
	 	  	b.	  	    No Solicitation of Employees	  	5
	 	  	c.	  	    Consideration	  	5
	7.	  	Termination of Certain Benefits Following New Employment	  	5
	8.	  	No Mitigation by Executive Required	  	5
	9.	  	Binding Agreement	  	6
	10.	  	No Attachment	  	6
	11.	  	Assignment and Other Rights	  	6
	12.	  	Waiver	  	6
	13.	  	Notice	  	6
	14.	  	Governing Law	  	7
	15.	  	Costs	  	7
	16.	  	Severability	  	7
	17.	  	Arbitration	  	7
	18.	  	Entire Agreement	  	8
	19.	  	Withholding	  	8
	20.	  	Separate Counsel	  	8

 EXECUTIVE RETENTION AGREEMENT 
  
 THIS EXECUTIVE RETENTION AGREEMENT (this “Agreement”) dated as of
            , 200     is made by and between              (“Executive”) and
MICROSEMI CORPORATION, a Delaware corporation (“Company”). 
  
 NOW, THEREFORE, for good and valuable considerations, receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
  
 1. Term. The term of this Agreement shall commence on the date hereof. The term of this Agreement shall be renewed automatically on a daily basis
so that the outstanding term is always X year(s) after the date on which notice of non-renewal or termination of this Agreement is given by the Executive to the Company or by the Company to the Executive. This Agreement relates to Executive’s
employment with the Company, or any subsidiary, successor, assign or affiliate of the Company, under any written or oral agreement. For purposes of the following provisions “Date of Termination” means the effective date of termination of
Executive’s employment with any of the entities described above, after notice and lapse of the notice period as required herein. 
  
 2. Terminations by Executive. 
  
 a. Termination by Executive for “Good Reason.” Following a Change in Control, Executive may terminate his active employment under his
oral or written employment agreement with the Company upon five (5) days’ written notice to the Company given within ninety (90) days following the date on which the Executive becomes aware of any of the following events, each of which shall be
deemed to be good reason for termination by Executive: 
  
 (i)
any reduction in, or limitation upon, the compensation, reimbursable expenses or other benefits provided in this Agreement, other than (A) as generally effected by valid public law or regulation or (B) as results from change in the amount of the
incentive compensation pool if not resulting from changes in the incentive pool formula or allocations and not resulting from accounting or operational effects of the acquisition; 

 (ii) any change in assignment of Executive’s primary duties to a work location more than 50 miles
from the Company’s principal executive office at 2381 Morse Avenue, Irvine, California 92614, without Executive’s prior written consent; 
  
 (iii) any failure by the Company to obtain the assumption of this Agreement by any successor or assign of the Company; 
  
 (iv) any material breach by the Company of any provision of this Agreement;
or 
  
 (v) any action taken by the Board or a standing Committee
of the Board in connection with, or the formation of a special Committee of the Board for the purpose of, effecting any of the events listed in subparagraphs (i) through (iv) immediately above. 
  
 b. Change of Control. For purposes of this Agreement, “Change in
Control” means 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 fifty percent (50%) of the total voting power represented by the Company’s then outstanding voting securities; 
  
 (ii) 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) at least
fifty-one percent (51%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approving a plan of
complete liquidation of the Company or a consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets. 
  
 c. Voluntary Termination by Executive. After a Change in Control, without reason or for any reason other than “Good Reason” as set forth
in Section 2.a above, Executive may voluntarily terminate his employment with the Company under any oral or written employment agreement upon a minimum of one (1) month’s written notice to the Company; provided, however, Executive shall receive
only the compensation that would otherwise be accrued or payable as of or prior to the termination date. 
  
 3. Executive’s Benefits Following Termination by Executive for “Good Reason” or by Company, in either Case only following Change in
Control. If Executive terminates his active employment under his oral or written employment agreement with the Company for “Good Reason” following a Change in Control or 

  

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the Company terminates his active employment under his oral or written employment agreement with the Company following a Change in Control: 
  
 (i) Salary. Executive or his estate shall be entitled to payment, to
be received not later than the fifteenth (15th) day following the Date of Termination, of an amount equal to X multiplied by Executive’s base salary as of the Date of Termination. 
  
 (ii) Incentive Compensation. Executive or his estate will be entitled to receive, not later than the fifteenth
(15th) day following the Date of Termination, an incentive compensation payment of X multiplied by the highest annual incentive compensation amount paid during any of the preceding three (3) full plan years. 
  
 (iii) Car Allowance. The car allowance shall continue for a period of
X year(s) following the Date of Termination, subject to termination as described in Section 7. 
  
 (iv) Stock Options. The restriction or forfeiture period on any restricted stock granted by the Company to Executive under all plans and all stock
options and general stock appreciation rights granted by the Company to Executive shall lapse or accelerate, as the case may be, and become fully vested and exercisable on the Date of Termination, and shall remain exercisable for a period of X
year(s) following the Date of Termination, subject to the latest expiration date specified in the restricted stock or option agreements. 
  
 (v) Medical and Life Insurance. Payment of premiums for medical, dental and vision insurance and life insurance by the Company shall continue on
and subject to the terms of this Agreement for a period of X year(s) following the Date of Termination, subject to termination under Section 7. 
  
 (vi) Retirement Plans; Unvested Company Contribution. The Executive shall be entitled to receive, not later than the fifteenth (15th) day
following the Date of Termination, all benefits payable to him upon or on account of termination under any of the Company’s tax-qualified employee benefit plans and any other plan, program or arrangement relating to deferred compensation,
retirement or other benefits including, without limitation, any profit sharing, 401(k), employee stock ownership plan, or any plan established as a supplement to any of the aforementioned plans. The Company shall also pay Executive, not later than
the fifteenth (15th) day following the Date of Termination, an amount equal to all unvested Company contributions credited to the Executive’s account under any tax-qualified employee benefit plan maintained by the Company as of the Date of
Termination. In the event that this subparagraph (vi) should conflict with the provisions of any of the Company’s tax-qualified employee benefit plans and any other plan, program or arrangement relating to deferred compensation, retirement or
other benefits including, without limitation, any profit sharing, 401(k), employee stock ownership plan, or any plan established as a supplement to any of the aforementioned plans, then the provisions of the plan shall govern, provided that the
Company’s contribution shall vest pursuant to this subparagraph (vi) to the maximum extent permissible. 
  

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 (vii) Vacation and Sick Leave. The Company shall also pay Executive, not later than the second
day following the Date of Termination, a pro rata amount of his base salary under his employment agreement, in effect on the Date of Termination, for each day of vacation leave which has accrued as of the Date of Termination, but which is unpaid as
of such date, to which Executive is entitled under the Company’s vacation leave policy. The Company shall be required to pay for sick leave days only to the extent that Executive has taken sick leave on or prior to the Date of Termination to
which Executive is entitled under the Company’s sick leave policy. 
  
 (viii) General. Executive or his estate shall also be entitled to any other amounts then owing or accrued but unpaid to the Executive pursuant to any plans or arrangements of the Company. 
  
 4. Other Benefits Following Termination. Executive shall also be
entitled to the following additional benefits upon or following any such termination following a Change in Control as described in Section 3: 
  
 a. During the period following employment or benefits hereunder, to the extent required by law, Executive shall have the rights under the Consolidated
Omnibus Budget Reconciliation Act (“COBRA”), or any successor statute. 
  
 5. Indemnification. For at least ten (10) years following the Date of Termination for any reason, Executive shall continue to be indemnified under the Company’s Certificate of Incorporation and Bylaws at
least to the same extent indemnification was available prior to the Date of Termination and permitted by law, and Executive shall be insured under the directors’ and officers’ liability insurance, the fiduciary liability insurance and the
professional liability insurance policies that are the same as, or provide coverage at least equivalent to, those applicable or made available by the Company to the then members of senior management of the Company. Independent of such provision, if
at any time Executive is made, or threatened to be made, a party to any legal action or proceeding, whether civil or criminal, by reason of the fact that Executive is or was a director or officer of the Company or serves or served any other
corporation fifty percent (50%) or more owned or controlled by the Company in any capacity at the Company’s request, Executive shall be indemnified by the Company, and the Company shall pay Executive’s related expenses when and as
incurred, all to the full extent permitted by law. 
  
 6.
Obligatory Restrictions on Executive. In addition to any and all other similar restrictions and limitations on Executive pursuant to law, other agreements and policies of the Company, Executive agrees that following a Change in Control and
following a termination of a kind described in Section 3 for which the Company is obligated to pay and in fact tenders the benefits as described in Section 3, except as provided below or with the Company’s written consent, Executive will be
bound by the following restrictive covenants during the period commencing on the Date of Termination and extending X year(s): 
  
 a. Non-Competition. Executive will not, directly or indirectly, engage for his own account in, or own, manage, operate, control, be employed as an
employee or consultant, buy, participate in, or be connected 
  

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 in any manner with the ownership, management, operation or control of any firm, corporation, association, or other
business entity which is in competition with the business of the Company; provided that Executive may invest in a business competitive with the Company to an extent not exceeding five percent (5%) of the total outstanding shares at the time of such
investment in each one or more companies. A business will be considered for this purpose in competition with the Company if and only if the products of such business include more than one-third of the Company’s products as of immediately prior
to the Change in Control. 
  
 b. No Solicitation of
Employees. Executive will not solicit or, with the exception of any persons related to Executive by blood, marriage, or adoption, not more remote than first cousin, employ any current or future employee of the Company and will not intentionally
disparage the Company, its management or its products. 
  
 c.
Consideration. Executive’s obligations are made in consideration of the salary and other benefits paid or committed to be paid by the Company following the Date of Termination. The restrictive covenants on the part of Executive set forth
in this Section 6 shall survive the termination of this Agreement, and the existence of any claims or cause of action by Executive against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense in the
enforcement of these covenants. In the event of a breach or threatened breach by Executive of the provisions of this Section 6, the Company shall be entitled to an injunction restraining Executive from violating the provisions of this Section.

  
 7. Termination of Certain Benefits Following New
Employment. If Executive accepts a substantial engagement or employment (“New Employment”) with any other corporation, partnership, trust, government or other entity at any time during the term of benefit continuation referred to
above, the Company may elect that Executive cease to be entitled to car allowance or medical, dental or vision insurance benefits effective upon the commencement of such other engagement or employment. However, Executive shall nevertheless continue
to be entitled to the other benefits of this Agreement and shall continue to be bound by the provisions of this Agreement for any remaining duration of any period then applicable to Executive. For the purposes of this provision,
“employment” or “engagement” shall exclude (i) service as an officer or director of a personal investment holding company, (ii) service as a director on the Board of a corporation or nonprofit organization, (iii) engagement as a
bona fide part-time consultant, or (iv) self-employment or engagement as an officer or director of an operating corporation or enterprise (as opposed to a personal investment holding company) founded or controlled by Executive and which has (and
only so long as it continues to have) revenues of less than $25 million per year. 
  
 8. No Mitigation by Executive Required. Company recognizes that because of Executive’s special talents, stature and opportunities in the electronics industry, in the event of termination by the Company or
Executive before the end of the agreed term, the parties acknowledge and agree that the provisions of this Agreement regarding further payment of base salary, bonuses, and the exercisability of stock options and lapse of the restrictive or
forfeiture period on restricted stock constitute fair and reasonable provisions for the consequences of such termination, do not constitute a penalty, and such payments and benefits shall not be limited or reduced by 
  

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 amounts Executive might earn or be able to earn from any other employment or ventures during the remainder of the agreed
term of this Agreement. Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. 
  
 9. Binding Agreement. This Agreement shall be binding upon and inure to the benefit of Executive, his heirs,
distributees and assigns, and the Company, its successors and assigns. Executive may not, without the express written permission of the Company, assign or pledge any rights or obligations hereunder to any person, firm or corporation. Such permission
shall not be unreasonably withheld. If the Executive should die while any amount would still be payable to Executive if he had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with this Agreement to
the Executive’s estate. 
  
 10. No Attachment. Except
as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation or to execution, attachment, levy or similar process or
assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect. 
  
 11. Assignment and Other Rights. The Company will require any successor (whether direct or indirect, by operation of law, by purchase, merger,
consolidation or otherwise to all or substantially all of the business and/or assets of the Company) to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it
if no such succession had taken place. Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle Executive to compensation from the Company
in the same amount and on the same terms as the Executive would be entitled hereunder, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be the Date of Termination. As used in this
Agreement, “Company” shall mean the Company as defined above and any successor to its business and/or assets that assumes and agrees to perform this Agreement by operation of law, or otherwise. 
  
 12. Waiver. No term or condition of this Agreement shall be deemed to
have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver
unless specifically stated therein, and each such waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived.

  
 13. Notice. For the purposes of this Agreement, notices
and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the
Executive at his home address appearing in the records of the Company, in the case of the Executive, and in the case of the Company, to the attention of the Chairman of the Board at the principal executive offices of the Company, or to such other
address as 
  

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 either party may have furnished to the other in writing in accordance herewith, except that notice of change of address
shall be effective only upon receipt. Acceptance by Executive of benefits of participation shall constitute a certification by Executive of his continued eligibility for participation. 
  
 14. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of
California. 
  
 15. Costs. Each of the parties shall pay
its own expenses, including attorneys’ fees, in the negotiation and preparation of this Agreement. 
  
 16. Severability. If, for any reason, any provision of this Agreement is held invalid, such invalidity shall not affect any other provision of this
Agreement not held so invalid, and each such other provision shall to the full extent consistent with law continue in full force and effect. If any provision of this Agreement shall be held invalid in part, such invalidity shall in no way affect the
rest of such provision not held so invalid, and the rest of such provision, together with all other provisions of this Agreement, shall to the full extent consistent with law continue in full force and effect. If this Agreement is held invalid or
cannot be enforced, then to the full extent permitted by law, any prior agreement between the Company (or any predecessor thereof) and Executive shall be deemed reinstated as if this Agreement has not been executed. 
  
 17. Arbitration. 
  
 a. Any disagreement, dispute, controversy or claim arising out of or in any
way related to this Agreement or the subject matter thereof or the interpretation hereof or any arrangements relating hereto or contemplated herein or the breach, termination or invalidity hereof shall be settled exclusively and finally by
arbitration. 
  
 b. The arbitration shall be conducted in
accordance with the Commercial Arbitration Rules (the “Arbitration Rules”) of the American Arbitration Association (the “AAA”). The arbitral tribunal shall consist of one arbitrator. 
  
 c. The Company shall pay all of the fees, if any, and expenses of such
arbitration, and shall also pay all Executive’s expenses, including attorneys’ fees, incurred in connection with the arbitration regardless of the final outcome of such arbitration. 
  
 d. The arbitration shall be conducted in Orange County, California, or in any
other city or county in the United States of America as the parties to the dispute may designate by mutual written consent. 
  
 e. Any decision or award of the tribunal shall be final and binding upon the parties to the arbitration proceeding. The parties hereto hereby waive to the
extent permitted by law any rights to appeal or to review such award by any court or tribunal. The parties hereto agree that the award may be enforced against the parties to the arbitration proceeding or their assets wherever the award may be
entered in any court having jurisdiction thereof. 
  

 7 

 f. The parties stipulate that discovery may be held in any such arbitration proceeding as provided in
Section 1283.05 of the California Code of Civil Procedure, as may be amended or revised from time to time. 
  
 g. During the period until the dispute is finally resolved in accordance with this Section, the Company will continue to pay the Executive his full
compensation in effect when the notice giving rise to the dispute was given (including, but not limited to, base salary) and continue the Executive as a participant in all compensation, employee benefit and insurance plans, programs, arrangements
and perquisites in which the Executive was participating or entitled when the notice giving rise to the dispute was given, until the dispute is finally resolved in accordance with this Section 17. Amounts paid under this subparagraph g shall be
repaid to the Company or be offset against or reduce any other amounts due the Executive under this Agreement, as appropriate, only upon the final resolution of the dispute. 
  
 18. Entire Agreement. As of the date hereof, all previous agreements relating to the employment of Executive, however
styled, are hereby superseded to the extent inconsistent herewith, and, excepting Executive’s present participation in Company stock and/or other benefit plans or programs and the agreements thereunder, which are hereby reaffirmed in all
respects by both parties thereto except as expressly modified by this Agreement, this Agreement embodies all agreements, contracts, and understandings by and between the parties hereto. In addition, this Agreement supersedes and amends any
subsequent employment agreement between Executive and the Company except to the extent such subsequent agreement expressly provides or provides benefits in excess of those herein provided. Should any other agreement, plan or arrangement between
Company and Executive or other officers or employees of the Company provide for greater benefits upon a change in control, the terms of such other agreement, plan or arrangement shall apply to Executive on a “most favored” basis. This
Agreement may not be changed orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought. 
  
 19. Withholding. All payments or benefits under this Agreement are
subject to, and the net payment to Executive will be reduced by, any applicable payroll tax withholding requirements, and will be payable net of appropriate amounts properly credited to the payment of income taxes of the Executive. The determination
of the amount of any such withholding shall be made or confirmed by the independent accounting firm then employed by the Company. 
  
 20. Separate Counsel. The Company has been represented by Yocca Patch & Yocca, LLP in the negotiation and execution of this Agreement. The
Executive has been invited and given opportunity to engage counsel independently to review or negotiate this Agreement, and Executive has had an adequate opportunity to do so and has either done so or chosen not to engage counsel. 
  

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 IN WITNESS WHEREOF, the parties have executed this Executive Retention Agreement as of the day and year
first above written. 
  

			
	 COMPANY:

	
	 MICROSEMI CORPORATION

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 
	
	 EXECUTIVE:

	
	  

	 Name:
	 	 

  

 9Form of Employee Stock Option Agreement prior to August 17, 2004.

 Exhibit 10.94 
  
 NOTICE OF STOCK OPTION GRANT 
 under the 
 1987 MICROSEMI CORPORATION STOCK PLAN 
  
 You have been granted the following Option to purchase Common Stock, par
value $.20 per share, of Microsemi Corporation (the “Company”): 
  

			
	Name of Employee:	  	«First_Name» «Last_Name»
		
	 Total Number of Shares
 Subject to this Option:
	  	«M__Shares»
		
	Type of Option:	  	ISO
		
	Exercise Price Per Share:	  	«Price_per_Share»
		
	Date of Grant:	  	«Grant_Date»

  

			
	Date First Exercisable:	  	Until the first anniversary of the Date of Grant, this Option may not be exercised with respect to any of the Shares covered hereby.
		
	 	  	During the second year it may be exercised as to not more than twenty-five percent of the total number of Shares covered hereby.
		
	 	  	During the third year it may be exercised as to an additional twenty-five percent, but not more than fifty percent of the total number of Shares covered hereby.
		
	 	  	During the fourth year it may be exercised as to an additional twenty-five percent, but not more than seventy-five percent of the total number of Shares covered hereby.
		
	 	  	On or after the fourth anniversary of the Date of Grant, this Option may be exercised up to one hundred percent of the total number of Shares covered hereby.

  
 The Purchase Price
shall be payable in any of the following forms: (i) in United States dollars and paid in cash, by certified check or by bank draft, or (ii) shares of the Company’s Common Stock already owned by Employee for a period of at least 6 months and
surrendered in good form for transfer (such shares shall be valued at their Fair Market Value on the date the Option is exercised). 
  
 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 1987 Microsemi Corporation Stock Plan, as amended, and the Stock Option Agreement, both of which are attached to and made a part of this document. 
  

							
	EMPLOYEE:	 	MICROSEMI CORPORATION
				
	Signature:	 	  

	 	By:	 	  

	Name:	 	«First_Name» «Last_Name»	 	Name:	 	James J. Peterson
	 	 	 	 	Title:	 	President & CEO

  

 1 

 MICROSEMI CORPORATION 
 STOCK OPTION AGREEMENT 
 UNDER THE 1987 MICROSEMI CORPORATION STOCK
PLAN 
  
 THIS STOCK OPTION AGREEMENT is made pursuant to
an option grant notice (the “Notice of Stock Option Grant”) attached hereto and incorporated into this Agreement by this reference, made as of the Date of Grant as set forth in the Notice of Stock Option Grant, between Microsemi
Corporation, a Delaware corporation (the “Company”) and the Holder, whose identity is as set forth in the Notice of Stock Option Grant. (Capitalized terms in the Notice of Option Grant attached hereto shall have the meanings ascribed to
them in this Agreement.) 
  
 WHEREAS, the Company desires to carry
out the purposes of the 1987 Microsemi Corporation Stock Plan (the “Plan”) by affording the Employee an opportunity to purchase shares of the Company’s Common Stock (the “Stock”); 
  
 WHEREAS, if and to the extent provided in the Notice of Option Grant, this
Option is intended to qualify as an ISO (as defined below); 
  
 THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties have agreed, and do hereby agree as follows: 
  
 Section 1. Grant of Option 
  
 On the terms and conditions set forth in the Notice of Stock Option Grant and this Agreement, the Company grants to the
Employee on the Date of Grant a right and option to purchase, at the Exercise Price, all or any portion of the number of Shares set forth in the Notice of Stock Option Grant (the “Option”) to the extent exercisable as set forth in the
Notice of Option Grant. If this Option is granted pursuant to a Notice of Stock Option Grant that indicates that the Option is an Incentive Stock Option (“ISO”), then this Option is intended to qualify as an ISO under Section 422 of the
Code but shall constitute a nonqualified stock option to the extent that it fails in whole or in part to qualify as an ISO for any reason. 
  
 Section 2. Purchase Price 
  
 The Exercise Price represents not less than one hundred percent (100%) of the Fair Market Value per Share as of the Date of Grant; or in the event that
the Employee owns more than 10% of the total combined voting power of all classes of stock of the Company, the Exercise Price represents not less than 110% of the Fair Market Value per Share at Date of Grant. 
  
 Section 3. Medium of Payment 
  
 The Purchase Price shall be payable in any form of consideration described
in the Notice of Stock Option Grant, or in any combination thereof. The Company shall not be required to issue or permit transfer of Shares of the Company Stock upon exercise of a Stock Option until the Purchase Price is fully paid. 
  

 1 

 Section 4. Option Term 
  
 (a) No part of the Option shall be exercised after 10 years from the Date of Grant, except in the event Employee owns at the
Date of Grant more than 10% of the total combined voting power of the Company, in which case no part of the Option may be exercised after 5 years from the Date of Grant. 
  
 (b) If an employee ceases to be employed by the Company or its parent or any of its subsidiaries (if any) issuing or
assuming a Stock Option in a transaction to which Section 424(a) of the Code applies, for any reason whatsoever, except for death or disability, any unexercised options which have become exercisable shall terminate three months after the date he
ceases to be an employee. Options that are not exercisable on the date of termination shall be deemed to have immediately expired. A leave of absence (not in excess of three months) approved in writing by the Committee shall not be deemed a
termination of employment for the purposes of this paragraph. Any leave of absence in excess of three months shall be equivalent to a termination of employment. If Employee dies, or becomes disabled within the meaning of Section 22(e) (3) of the
Code, before this option is terminated, the three-month period will become one year. 
  
 Section 5. Time of Exercise 
  
 The portion of this Option which has become exercisable may be exercised at any time or from time to time (so long as this Option has not expired), as to any part or all hereof; provided that this Option may not be
exercised for a fraction of a share of Stock. 
  
 Section 6.
Method of Exercise 
  
 (a) Each exercise of this Option
shall be by written notice of exercise delivered to the President of the Company at its principal place of business specifying the number of shares of Stock to be purchased and accompanied by payment in the manner described in Section 3 hereof. The
notice shall be in substantially the form of the Notice of Exercise of Stock Option attached hereto. 
  
 (b) As soon as practicable after any exercise of this Option in accordance with the foregoing provisions, the Company shall, without transfer or issue tax
to the Employee, deliver certificate(s) to the Employee representing the Stock as to which this Option has been exercised. 
  
 Section 7. Non-Transferability 
  
 This Option, and all rights and privileges hereunder, shall be non-assignable and non-transferable by the Employee, either voluntarily or by operation of
law (except by will or by operation of the laws of descent and distribution), shall not be pledged or hypothecated in any way, and shall be exercisable during the Employee’s lifetime only by the Employee. 
  

 2 

 Section 8. Shares Authorizations, Consents, Etc. 
  
 The Company, during the term of this Option, will keep available the number
of shares of Stock required to satisfy this Option. The Company will seek to obtain from each regulatory commission or agency having jurisdiction such authority as may be required to issue and sell Stock to satisfy the Option. Inability of the
Company to obtain from any such regulatory commission or agency authority which counsel for the Company deems necessary for the lawful issuance and sale of the Stock to satisfy the Option, shall relieve the Company from any liability for failure to
issue and sell Stock to satisfy the Option until such time as that such authority is obtained. 
  
 Section 9. Investment Representations 
  
 Employee may be required, if it is deemed necessary in the opinion of counsel for the Company, to represent to the Company at the time of exercise that it is his or her intention to acquire the Stock for his private
investment only and not for resale or distribution to the public. The Company may stamp any certificates representing such Stock with a legend to the effect that such Stock has not been registered under the Securities Act of 1933 and that the Stock
may not be sold or transferred until so registered, or until an opinion of counsel satisfactory to the Company is received to the effect that such registration is not necessary. In the event this Option and the Stock issued pursuant to this Option
are registered under the Securities Act of 1933, as amended, then such investment representations and legend restrictions pursuant to Federal securities law shall be inapplicable with respect to such Stock. Nothing herein shall be deemed to obligate
the Company to so register any of such Stock. 
  
 Section
10. Rights as Stockholder 
  
 The Employee shall have no
rights as a stockholder with respect to any Stock covered by this Option until the certificate(s) representing such Stock shall have been issued and delivered to him or her. No adjustment shall be made for dividends or other rights for which the
record date is prior to the date such Stock certificate(s) are delivered to the Employee. 
  
 Section 11. Adjustments for Changes in Capital Structure 
  
 (a) If the Shares of the Company’s stock are increased, decreased, changed into or exchanged for a different number or kind of shares pursuant to a
reorganization, recapitalization, reclassification, stock dividend, stock split or reverse stock split, an appropriate and proportionate adjustment shall be made changing the number or kind of Shares allocated to any unexercised portion of this
Option; except that if such change results from a stock dividend, such adjustment shall only be made if the aggregate of all stock dividends paid by the Company (including the one causing the change) during the one-year period ending at the close of
business on the day the change occurs exceeds 5% of the Shares of the Company’s Stock as it was constituted at the beginning of such one-year period (and any such adjustment shall equal all such stock dividends in the event that no adjustment
was made for prior stock dividends during such year because such stock dividends aggregated less than such 5%). All adjustments shall be made without changing the aggregate Purchase Price applicable to the unexercised portion of this Option, and
therefore a corresponding adjustment shall be made in the Exercise Price for each Share covered by this Option. 
  

 3 

 (b) Upon a reorganization, merger or consolidation of the Company with one or more corporations as a
result of which the Company is not the surviving corporation, the Company shall use its best efforts but shall be under no obligation, to cause the reorganization, merger or consolidation agreement to include a provision for the continuance of the
Plan and for the assumption of this Option, or the substitution for this Option of new options covering the stock of a successor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to number and kind of shares of Stock
and Exercise Prices, and if the reorganization, merger or consolidation agreement so provides, the Plan and this Option shall continue in the manner and under the terms so provided in such agreement. Upon the dissolution or liquidation of the
Company, or upon a sale of substantially all of its property, or a reorganization, merger or consolidation described above which does not include a provision for continuance of the Plan or assumption of this Option (“Terminating
Transactions” herein), the Plan shall terminate forthwith, and this Option shall terminate. Notwithstanding the preceding sentence, if as of immediately prior to the Terminating Transaction, Employee would be entitled to exercise any
unexercised portions of this Option, he or she shall have the right at such time immediately prior to the consummation of the Terminating Transaction as the Company shall designate, to exercise this Option to the full extent provided herein.

  
 Section 12. Continuation of Employment

  
 Nothing herein shall confer upon Employee any right to
continue in the employment of the Company or any of its subsidiaries, or interfere in any way with the right of the Company or any such subsidiary (subject to the terms of any separate employment agreement to the contrary) at any time to terminate
such employment or increase or decrease the compensation of Employee from the rate in existence on the Date of Grant. 
  
 Section 13. Tax Treatment and Withholding Taxes 
  
 The aggregate Fair Market Value (determined with respect to each ISO at the time such ISO is granted) of the Shares with respect to which ISOs are
exercisable for the first time by an option holder during any calendar year (under this Plan or any other plan of the Company) shall not exceed $100,000. Any portion exceeding this annual limit shall be a nonqualified stock option. Also, in order to
qualify as an ISO, the underlying Stock may not be sold within one year from the date the Option is exercised and also may not be sold within two years from the date the Option was granted. Also, in order to qualify as an ISO, the Option must be
granted to an employee of the Company or a parent or subsidiary corporation as of the Date of Grant. Further requirements apply, including without limitation that the Option exercise period may not be extended beyond that originally provided herein.
If the Option does not qualify as an ISO, or is subsequently disqualified by a disposition of the shares, the Company has the right to require Employee or Employee’s permitted successor in interest to pay the Company the amount of any taxes
which the Company may be required to withhold with respect to such shares and the Employee shall be responsible for the additional taxes on the Employee that result. The Company has the right to require Employee or 
  

 4 

 Employee’s permitted successors in interest to pay the Company the amount of any taxes which the Company may be
required to withhold with respect to Option Shares. The Company expects that any difference between the Exercise Price and the Fair Market Value of a nonqualified option on the day of exercise will be treated as compensation by the Internal Revenue
Service and subject to withholding taxes on the date of exercise. 
  
 The foregoing is not intended to provide tax advice. The Employee should consult his or her own tax adviser. 
  
 Section 14. The Plan 
  
 The Option is subject to, and the Company and Employee agree to be bound by, all of the terms and conditions of the Plan as the same shall be amended from
time to time in accordance with the terms thereof, but, without the consent of Employee, no such amendment shall adversely affect the Employee’s rights under this Option. Pursuant to the Plan, the Committee has the final authority to construe
and interpret the provisions of the Plan and this Option. A copy of the Plan in its present form is available for inspection by the Employee during business hours at the principal office of the Company. 
  
 Section 15. Governing Law 
  
 This Agreement shall be subject to, and governed by, the laws of the State
of California irrespective of the fact that one or more of the parties now is, or may become, a resident of a different state. 
  
 Section 16. Construction 
  
 In the event any parts of this Agreement are found to be void, the remaining provisions of this Agreement shall nevertheless be binding with the same
effect as though the void parts were deleted. 
  
 Section
17. Binding Effect 
  
 This Agreement shall inure to the
benefit of and be binding on the parties hereto and their respective heirs, executors, administrators, successors and assigns. 
  
 Section 18. Definitions 
  
 “Agreement” shall mean this Stock Option Agreement. 
  
 “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 “Date of Grant” shall mean the date specified in the Notice of Stock Option Grant, or, if later, the later of (i)
the date on which the Board of Directors resolved to grant this Option or (ii) the first day of the Employee’s service as a common-law employee of the Company, a parent or a subsidiary. 
  

 5 

 “Exercise Price” shall mean the amount for which one Option Share may be purchased upon
exercise of this Option, as specified in the Notice of Stock Option Grant. 
  
 “Notice of Stock Option Grant” shall mean the document so entitled to which this Agreement is attached. 
  
 “Employee” shall mean the individual named in the Notice of Stock Option Grant. 
  
 “Fair Market Value” shall mean the fair market value of a Share, as determined by the Committee in good faith.
Such determination shall be conclusive and binding on all persons. 
  
 “ISO” shall mean an incentive stock under Section 422 of the Code. 
  
 “Option Shares” shall mean the Shares acquired upon exercise of the Option. 
  
 “Purchase Price” shall mean the Exercise Price multiplied by the number of Shares with respect to which this Option is being exercised.

  
 “Share” shall mean one share of Stock, as adjusted
in accordance with Section 11 (if applicable). 
  

 6 

 NOTICE OF EXERCISE OF STOCK OPTION 
  
 Microsemi Corporation 
 2381 Morse Avenue

 Irvine, CA 92614 
 Attention: President 
  
 Ladies and Gentlemen: 
  
 The undersigned hereby elects to exercise the option indicated below: 
  
 Date of Grant: 
  
 Type of Option: 
  
 Number of Shares Being Exercised: 
  
 Exercise
Price Per Share: 
  
 Total Purchase Price: 
  
 Method of Payment: 
  
 Enclosed herewith is payment in full of the Purchase Price, a copy of the Notice of Stock Option Grant and Stock Option Agreement.

  
 My exact name, current address and social security number for purposes of the
stock certificates to be issued and the shareholder list of the Company are: 
  
 Name: 
 Address: 
 Social Security Number: 

 

					
	 	 	 	 	 Sincerely,

	 Date of Exercise:
	 	  

	 	  

	 	 	 	 	(Employee’s Signature)
	 	 	 	 	  

	 	 	 	 	(Employee’s Name Printed)

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