Document:

Advisory Services Agreement

 Exhibit 10.2 
 ADVISORY SERVICES AGREEMENT 
 THIS ADVISORY SERVICES AGREEMENT (the
“Agreement”) is made contingent upon, and effective immediately upon, the Closing of the merger set forth in the Merger Agreement (defined below) (“Effective Date”), by and among Lam Research Corporation, a Delaware
corporation (“Parent”), Richard S. Hill, an individual (“Hill”) and RSH Consulting, LLC, a Delaware limited liability company (“RSH Consulting”). Parent, Hill and RSH Consulting are collectively
referred to herein as the “Parties” or “Party.” 
 RECITALS 

A. Parent, BLMS Inc., a California corporation and a wholly owned subsidiary of Parent (“Merger Sub”), and Novellus
Systems, Inc., a California corporation (the “Company”) have entered into an Agreement and Plan of Merger, dated December 14, 2011 (the “Merger Agreement”) pursuant to which, among other things, Merger Sub will be
merged with and into the Company (the “Merger”), and the Company will become a wholly-owned subsidiary of Parent (“Surviving Corporation”). The Merger will effect the sale of all of Company’s assets, capital
stock and goodwill to Parent. 
 B. Hill is a substantial stockholder and Chief Executive Officer of the Company, has been
actively involved in the management of the Company’s business and in the development of the Company’s products and technology and has thereby acquired significant experience, skill, and confidential and proprietary information relating to
the business and operation of the Company. Hill, in the course of operating the business of the Company, has also developed on behalf of the Company, significant goodwill that is now a significant part of the value of the Company. Hill’s
employment with the Company will terminate as provided herein. 
 C. Hill holds a substantial number of the issued and
outstanding shares of capital stock of the Company for which Hill will receive material and valuable consideration in connection with the Merger (“Equity Compensation”), and Hill will receive substantial value in connection with the
Merger and the severance of Hill’s employment (“Severance Compensation”). Hill therefore has a material economic interest in the consummation of the Merger. In connection with the Merger, Hill is transferring all of his
ownership interest in the Company and the goodwill of the Company through an exchange all of his capital stock in the Company for shares of capital stock of Parent. 
 D. Parent is engaging RSH Consulting to provide advisory services exclusively through Hill to Parent and Surviving Corporation for a period of up to three (3) years after the Effective Date.

 E. Parent desires to protect its investment in the assets, business and goodwill of the Company to be acquired pursuant to
the Merger Agreement, and to ensure that Hill acts in and promotes the interest of the Parent and Surviving Corporation during the Advisory Period. Accordingly, Hill has agreed to limit certain activities (as set forth herein) that would harm such
assets, business or goodwill. 

 F. References to Parent hereinafter shall include all subsidiaries of Parent and, following
the Closing Date, shall include the Company. 
 NOW, THEREFORE, in consideration of the premises, the mutual promises
hereinafter set forth, and other good and valuable consideration had and received, the parties hereto agree as follows: 

AGREEMENT 
 1.
Effectiveness. This Agreement shall be effective as of the Effective Date. To the extent the Merger is terminated or otherwise does not close for any reason, this Agreement shall terminate in its entirety without ever having become effective
and it shall be null and void in all respects. 
 2. Advisory Services. For a period commencing on the later of (a) the Effective
Date and (b) June 15, 2012 (such later date the “Advisory Commencement Date”), and ending on the third anniversary of the Advisory Commencement Date (the “Advisory Period”), RSH Consulting agrees to
provide, exclusively through Hill as the sole manager of RSH Consulting (it being understood that either Hill or his revocable trust will also be the sole member of RSH Consulting), advisory services to Parent’s Board of Directors and Parent
and Surviving Corporation’s executives, as requested by Parent’s Board of Directors, Board Chairman or Vice Chairman, or Chief Executive Officer from time to time regarding the business of the Company, Surviving Corporation, and/or Parent,
including, if so requested, advising on items such as the strategy of Parent’s buyback of shares in connection with the Merger, implementation of synergies relating to the Merger, brainstorming sessions with product groups to solve technical
issues and/or customer visits to influence positive outcomes in sales situations, and to act if and as requested by Parent as a liaison with the University of Illinois (including, to the extent related to such liaison function and permitted by the
University, continuing to serve on the Board of Visitors, College of Engineering for the University of Illinois at Urbana Champaign, the Engineering Advisory Board for the University of Illinois at Chicago, and the University of Illinois Foundation
Board of Directors) all to facilitate the continued flow of students from the University to Parent and/or Surviving Corporation (“Advisory Services”). Hill will not be entitled to an office at the facilities of Parent or Surviving
Corporation but Hill and RSH Consulting will be allowed to retain the existing telecommunication equipment previously made available to Hill by the Company (“Equipment”), at no cost to Hill or RSH Consulting to the extent that the
book value of such Equipment (as determined on the Advisory Commencement Date) is equal to or less than $10,000 in the aggregate, for offsite use in order to facilitate providing the Advisory Services. To the extent that the book value of the
Equipment exceeds $10,000 in the aggregate, Hill and RSH Consulting will be allowed to purchase such Equipment from the Company by paying the difference between the book value of such Equipment and $10,000; provided, that, if such Equipment is not
purchased it shall be promptly returned to the Company. In any event, at the Advisory Commencement Date, (i) any personal computer issued to Hill by the Company and any other Company-provided materials and equipment (other than

  
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any retained or purchased Equipment) shall be returned to Parent or the Surviving Corporation, (ii) Hill’s access to Company email and network will be discontinued and (iii) Hill
shall be required to comply with all other requirements that generally apply to the Surviving Corporation’s terminating employees. It is understood that to the extent that any retained or purchased Equipment contains Confidential Information,
that information is subject to the terms of this Agreement (including Section 8(b) hereof). 
 3. Advisory Services Compensation. In
exchange for provision of the Advisory Services, Parent shall pay RSH Consulting at a rate of $63,888.89 per month (which sum shall be a gross sum) during the Advisory Period (“Monthly Advisory Services Compensation”), with
aggregate compensation of $2,300,000 payable during the Advisory Period. The Monthly Advisory Services Compensation shall be paid by automated check handling (ACH) or other similar means of electronic deposit, in arrears on the first day of each
calendar month starting with the first calendar month after the Advisory Commencement Date and continue through the Advisory Period provided that the monthly payment shall be pro-rated for any partial month of service performed during the Advisory
Period. 
 4. Charitable Contribution. Subject to the other provisions of this Agreement (including without limitation the next sentence
and the provisions of Section 21), on or before December 31, 2012, Parent shall make or cause to be made an aggregate contribution of $2,300,000 (the “Charitable Contribution”) in such portions and amounts as Hill shall direct
to organization(s) qualified under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), provided that at least 50% of the Charitable Contribution ($1,150,000) shall be directed to business and/or
technical schools that can potentially benefit the interests of Parent and the Surviving Company. Hill hereby represents and warrants that neither Hill nor Hill’s spouse, relatives, heirs, and/or agents will receive any personal economic
benefit from the Charitable Contribution (including without limitation the fulfillment of any existing pledge). 
 5. Termination of
Agreement. No Party may unilaterally terminate this Agreement at any time during the Advisory Period for any reason other than a material breach by Hill and/or RSH Consulting in the case of termination by Parent or by Parent in the case of
termination by Hill and/or RSH Consulting, which breach remains uncured for a period of thirty (30) days following the breaching Party’s receipt of written notice specifying the material breach and indicating the non-breaching Party’s
intent to terminate this Agreement pursuant to this Section. This Agreement shall terminate upon Hill’s death or “disability” (as defined in Section 409A of the Code and guidance promulgated thereunder); provided, however, that
upon any such termination the remaining balance of any Monthly Advisory Services Compensation that has not previously been paid shall be immediately due and payable in a lump sum to RSH Consulting. 

6. Nondisparagement. Hill agrees that during the Advisory Period Hill will not (and will not permit RSH Consulting to) disparage, defame or
otherwise detrimentally comment upon in any manner Parent, the Company, Surviving Corporation and/or their respective employees, officers, directors, business practices or products. Hill hereby acknowledges that such comment would cause material
damage to Parent, the Company, 

  
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and the Surviving Corporation. Parent agrees that during the Advisory Period it will not permit its chief executive officer to) disparage, defame or otherwise detrimentally comment upon Hill in
any manner, and that such comment would cause material damage to Hill; provided, that nothing in this sentence shall prevent such officer from making statements that he reasonably believes to be required to comply with any obligations of Parent
under applicable securities laws. 
 7. Relationship of the Parties. 

(a) Upon the commencement of the Advisory Period, RSH Consulting shall perform its Advisory Services hereunder as, and thereafter shall
continue to be, an independent contractor. Under no circumstance shall Hill or any other employee or agent of RSH Consulting look to Parent or Surviving Corporation or any of their Affiliates as Hill’s employer (following termination of
Hill’s employment at the Advisory Commencement Date), partner, agent, or principal, and Hill agrees that he will not be appointed a director or, or serve as an officer of, Parent or any of its Affiliates, including the Surviving Corporation.
Following the Advisory Commencement Date, Hill shall not be entitled to any benefits accorded to Parent or Surviving Corporation’s employees, including workers’ compensation, disability insurance, retirement plans, or vacation or sick pay
other than the benefits described in Section 4(f) (including healthcare benefits for Hill and his qualifying dependents) of the Amended Agreement (as defined below) (the “Post-employment Amended Agreement Benefits”). Hill’s
exclusion from benefit programs maintained by Parent and Surviving Corporation (subject to the proviso in the preceding sentence) and his waiver below is a material component of the terms of compensation negotiated by the Parties, and is not
premised on Hill’s status as a non-employee with respect to Parent and Surviving Corporation. To the extent that Hill may become eligible for any benefit programs maintained by Parent or Surviving Corporation (regardless of the timing of or
reason for eligibility), Hill hereby waives Hill’s right to participate in the program following the Advisory Commencement Date, it being understood that the only benefits to which Hill is entitled are the Post-employment Amended Agreement
Benefits. Hill also agrees that, consistent with the independent contractor status of RSH Consulting, Hill will not apply for any government-sponsored benefits that apply to employees, including, but not limited to, unemployment and /or disability
benefits. 
 (b) Hill and RSH Consulting shall pay, when and as due, any and all taxes incurred as a result of the Monthly
Advisory Services Compensation, including any estimated taxes and payroll taxes. Hill hereby indemnifies Parent for any claims, losses, costs, fees, liabilities, damages, or injuries suffered by Parent arising from Hill’s breach of the
provisions of this Section 7(b). 
 (c) RSH Consulting is generally free to perform the Advisory Services at a location of
RSH Consulting’s choosing (provided all Advisory Services are performed by Hill). Hill and RSH Consulting understand that the Advisory Services must coordinate with Parent and/or Surviving Corporation’s established protocols and security
requirements and may from time to time need to be performed at Parent and/or Surviving Corporation’s premises or other places as reasonably requested by Parent and/or Surviving Corporation. 

  
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 (d) The obligations of Hill and RSH Consulting hereunder are joint and several. Any notice,
waiver or exercise of any right hereunder by either Hill or RSH Consulting shall apply equally to each of them. Each obligation of Hill hereunder is also an obligation of RSH Consulting, and each obligation of RSH Consulting is also an obligation of
Hill. 
 8. Confidential Information. 
 (a) Hill acknowledges that Hill has occupied a position of trust and confidence with the Company and with respect to the transactions contemplated by Merger Agreement prior to the date hereof, and has (or
he and RSH Consulting may in the performance of Advisory Services) become familiar with the following, any and all of which will constitute confidential information of the Company, Merger Sub, Surviving Corporation and Parent (collectively, the
“Confidential Information”): (i) any and all trade secrets concerning the business and affairs, or the planned business and affairs, of the Company, Merger Sub, Surviving Corporation, Parent and any of their respective
Affiliates including product specifications, data, processes, designs, sketches, photographs, graphs, drawings, samples, inventions and ideas, past, current and planned research and development, current and planned distribution methods and
processes, customer lists, customer information databases, customer mailing lists, current and anticipated customer requirements, price lists, market studies, business plans, computer software and programs (including object code and source code),
data-base technologies, systems, structures and architectures and related processes, formulae, compositions, improvements, devises, know-how, inventions, discoveries, concepts, methods and information and any other information, however documented,
that is a trade secret of the Company, Merger Sub, Surviving Corporation, Parent and any of their respective Affiliates; (ii) any and all other information concerning the business and affairs, or the planned business and affairs, of the
Company, Merger Sub, Surviving Corporation, Parent and any of their respective Affiliates (which includes historical financial statements, financial projections and budgets, historical and projected sales, capital spending budgets and plans, the
names and backgrounds of key personnel, personnel training and techniques and materials), however documented; and (iii) any and all notes, analyses, compilations, studies, summaries and other material prepared by or for the planned activities
of the Company, Merger Sub, Surviving Corporation, Parent and any of their respective Affiliates containing or based, in whole or in part, on any information included in the foregoing, regardless of medium. Confidential Information specifically
includes any and all information that Hill may have obtained concerning the Company, Merger Sub, Surviving Corporation, and Parent in connection with discussions and negotiations concerning the transactions contemplated by the Merger Agreement. Hill
and RSH Consulting acknowledge that, from and after the Effective Date, all Confidential Information known or obtained by either of them will constitute property of Parent and/or Surviving Corporation. Confidential Information does not include
(i) information that is or becomes publicly known through lawful means; or (ii) information that is disclosed to either of them by a third party who rightfully possesses the information and did not obtain it from the Company, Merger Sub,
Surviving Corporation, or Parent (other than by public disclosure from the Company, Merger Sub, Surviving Corporation, or Parent). 

  
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 (b) Hill and RSH Consulting shall maintain in confidence and shall not, directly or
indirectly, disclose or use, either during or after the term of this Agreement, any Confidential Information, except to the extent (i) necessary to perform the Advisory Services, (ii) authorized in writing by Parent’s Board of
Directors or Parent’s executive officers, or (iii) as required by law; provided, in the case of (iii), that Hill will (for himself and RSH Consulting), to the extent legally permissible, provide Parent with prompt written notice of any
request or requirement to disclose Confidential Information and a copy of such request so that Parent may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this Agreement. If, in the absence of a
protective order or other remedy or the receipt of a waiver by Hill from Parent, Hill nonetheless is advised by counsel that he is legally compelled to disclose Confidential Information, Hill may (or permit RSH Consulting to) without liability
hereunder disclose only that portion of the Confidential Information which he certifies in writing to Parent that such counsel advises he is legally required to disclose, provided that, upon request by Parent, Hill exercises reasonable efforts to
preserve the confidentiality of the Confidential Information, including, without limitation, by cooperating with Parent to obtain an appropriate protective order or other reliable assurance that confidential treatment will be accorded the
Confidential Information. Following the Advisory Period, or at the request of Parent before the end of the Advisory Period, Hill shall deliver (and cause RSH Consulting to deliver) to Parent all documents and materials (hardcopy and electronic) in
their possession, custody or control belonging to Parent, Merger Sub, Surviving Corporation and/or reflecting Confidential Information (and shall delete any such information on any computer or other storage device in possession of Hill). Hill and
RSH Consulting shall maintain in confidence and not use except as permitted by this Agreement (to the same extent set forth herein for Confidential Information of Parent) any confidential information belonging to customers and suppliers of Parent,
Merger Sub, Surviving Corporation and the Company that is or was obtained by Hill or RSH Consulting as a result of work for Parent, Merger Sub, Surviving Corporation and/or the Company and/or from performing the Advisory Services. 

(c) Nothing in this Section 8 is intended to limit any remedy of Parent under the California Uniform Trade Secrets Act (California
Civil Code Section 3426), or otherwise available under law. 
 9. Ownership of Intellectual Property. 

(a) Hill (and RSH Consulting) agree that all of their right, title and interest in and to all designs, plans, reports, specifications,
drawings, schematics, prototypes, models, improvements, developments and inventions (whether or not patentable), and all other information and items, if any, conceived or made in the performance of the Advisory Services (“New
Developments”) shall be and are hereby assigned to Parent as its sole and exclusive property. On Parent’s request, Hill agrees to assist Parent, at Parent’s expense, to obtain patents or copyrights for, or otherwise obtain,
protect or enforce Parent’s interest in, such New Developments, including the disclosure of all pertinent information and data, the execution of all applications, specifications, oaths, and assignments, and all other instruments and papers that
Parent shall deem necessary to apply for and to assign or convey to Parent, its successors, and assigns or nominees, the sole and exclusive right, title, and interest in such New Developments. 

  
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 (b) Hill and RSH Consulting agree not to use or disclose to Parent, or bring onto Parent or
Surviving Corporation’s premises, or induce Parent or Surviving Corporation to use (whether as part of New Developments or otherwise) any confidential information that belongs to anyone other than Parent or Surviving Corporation. Parent and
Surviving Corporation will not provide to Hill or RSH Consulting for use in the provision of Advisory Services any confidential information of third parties that Parent or Surviving Corporation do not have the right to so provide or use. 

(c) The representations and warranties contained in Sections 8 and 9 and Hill’s obligations under Sections 6 through 9 shall survive
termination of this Agreement. 
 10. Restricted Services; Nonsolicitation. 

(a) Hill acknowledges that due to Hill’s position with and relationship to the Company, Parent and Surviving Corporation, Hill has
and has had access to the Company’s Confidential Information, and is and has been responsible for developing and maintaining (in whole or in part) the goodwill of the Company, Merger Sub, Surviving Corporation and Parent. To protect
Confidential Information, relationships, goodwill with customers, and to permit Hill to possess and receive Confidential Information for the purposes contemplated herein and to properly perform directly or indirectly the Advisory Services, during
the Advisory Period Hill shall not (nor shall RSH Consulting) serve as an officer, director, employee, consultant, and/or advisor, directly or indirectly through any affiliate, to: (i) any person or entity engaged in any substantial part in the
business of producing, distributing or selling semiconductor manufacturing equipment (the “Restricted Business”) that competes directly or indirectly with products of Parent and/or Surviving Corporation anywhere in the United States or the
rest of the world (the “Restricted Territory”) other than Parent and/or Surviving Corporation; and/or (ii) Samsung Group, Taiwan Semiconductor Manufacturing Company, Limited, Hynix Semiconductor Inc., GlobalFoundries Inc., Intel
Corporation, and/or any of their respective parents, subsidiaries or other affiliates. Hill acknowledges that prior to the Effective Date the Company was engaged in the Restricted Business throughout the Restricted Territory. Hill may request that
Parent permit Hill to serve in a capacity otherwise restricted by this Agreement for one or more companies engaged in a Restricted Business and/or one or more companies described in clause (ii), and Parent shall not unreasonably withhold its consent
to any such request. Any waiver of the restrictions otherwise applicable hereunder must be in writing to be effective. 
 (b)
Further, to protect Confidential Information, relationships, goodwill with customers, and to permit Hill and RSH Consulting to provide the Advisory Services contemplated hereby, during the Advisory Period, Hill shall not directly or indirectly
(including without limitation through any affiliate of Hill or any other Person) encourage, induce, attempt to induce, solicit or attempt to solicit any employee, consultant, agent, or contractor of Parent, Surviving Corporation, and/or the Company
to leave his or her employment, consulting or independent contractor relationship with such entity. 

  
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 11. Termination of Existing Employment Relationship; Future Engagements. 

(a) Hill acknowledges that, as of the date of execution of this Agreement, he is a party to an Amended and Restated Employment Agreement
with the Company dated as of June 9, 2011 (the “Amended Agreement”). Hill agrees that, at the Advisory Commencement Date his employment with the Company will terminate and the parties agree that (after taking into account the
anticipated services to be performed during the Advisory Period under this Agreement) Hill will incur a “separation from service” with the Company within the meaning of Section 409A of the Code and the guidance promulgated thereunder,
on the Advisory Commencement Date. Such termination shall be treated under the Amended Agreement as a termination for “Good Reason” following a “Change in Control” pursuant to Section 4(f) of the Amended Agreement, and Hill
shall be entitled to the benefits described in Section 4(f) of the Amended Agreement attendant to such a termination. Such termination shall be effective on the Advisory Commencement Date without need for further notice by either the Company or
Hill to the other (and it is understood that Hill will terminate his employment for “Good Reason” on such date pursuant to the Amended Agreement without providing any advance written notice to the Company and that no “payment in lieu
of notice” shall be due to Hill in connection with the termination). Hill agrees that, in the event that the Effective Date occurs prior to June 15, 2012, he will, notwithstanding any provisions to the contrary in the Amended Agreement,
cease to be an officer or director or the Company as of the Effective Date, but until the Advisory Commencement Date shall continue to serve as an employee of the Company, shall report to Martin Anstice, and shall assist (for not less than 30 hours
per week) as requested with the transition of the business of the Company and the integration of the Surviving Corporation and its business with that of Parent; provided, further, that during such period, Hill shall only be entitled to continue
receiving his base salary and to participate in the Surviving Corporation’s broad-based benefit programs (401(k) plan, welfare plans and fringe benefit plans) made available to the Surviving Corporation’s employees, subject to the
terms of each such program, and Hill shall not be entitled to participate in any other of the Surviving Corporation’s or Parent’s benefit plans, programs or arrangements, such as any executive compensation or benefit programs. 

(b) Hill agrees that, at or within 21 days following the Advisory Commencement Date, he will execute and deliver to Parent and Surviving
Corporation a release in the form of Exhibit A hereto. No payments under this Agreement shall be made to Hill or to RSH Consulting until the 30th day following the Advisory Commencement Date, at which time such release shall have become irrevocable
under applicable law. Any payment that otherwise is to be made under this Agreement prior to the 30th day following the Advisory Commencement Date shall be made on such 30th day. Delivery and irrevocability of such release is not a condition to any
payments under the Amended Agreement, and the timing of payments under the Amended Agreement shall not be affected by such release. 
 (c) Hill agrees that, during the Advisory Period, Hill will, not less than fifteen (15) days prior to accepting any officer, director, employment, advisor, consultant and/or independent contractor
relationship with any individual or entity other than Parent or Surviving Corporation, advise Parent of the identity of the entity and the nature of the 

  
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relationship. Parent may notify each such entity that Hill is bound by this Agreement and furnish each such entity with a copy of this Agreement or relevant portions thereof if Hill has not done
so prior to the commencement of such a relationship with such entity (and has not provided Parent appropriate evidence thereof) as contemplated by the next sentence. During the Advisory Period, Hill will communicate the contents of relevant portions
of this Agreement (including Sections 8 – 10) to any Person for whom Hill intends to perform (directly or indirectly) any services for compensation, including but not limited to as an officer, director, employee, consultant and/or advisor.

 12. Understanding of Covenants. 
 (a) Hill acknowledges and agrees with the facts set forth in the recitals to this Agreement, and he further acknowledges and agrees that (i) the goodwill associated with the Company prior to the
transaction contemplated by the Merger Agreement is a material component of the value of the Company to Parent, (ii) the terms set forth in this Agreement are necessary and appropriate to preserve the value of the Company for Parent following
the transactions contemplated by the Merger Agreement and protect the Confidential Information and goodwill acquired by Parent, (iii) the character, duration, geographic area and subject matter scope of the covenants set forth in this Agreement
are reasonable, (iv) the Company currently conducts, or is planning to conduct, business throughout the United States and worldwide, and (iv) that in order to properly perform his obligations hereunder to provide Advisory Services he must
comply with the other covenants of this Agreement (and in particular Section 10). 
 (b) Hill agrees that the covenants set
forth in this Agreement are equitable and reasonable. The Parties each represent to the other that the execution of this Agreement and their performance of their respective obligations hereunder will not conflict with, or result in a violation or
breach of, any other agreement to which they are a party or of any judgment, order or decree to which such Party is subject, and that this agreement is executed freely and without duress. 

(c) Without prejudice to any right of Hill (including any claim that such an action would be a breach of this Agreement as no grounds
therefore exist), following provision of the notice required by Section 5 and termination of this Agreement by Parent as a result of a material breach of this Agreement by Hill (or RSH Consulting) Parent may immediately cease payments that
would otherwise be payable under Sections 3 and 4. In the event of material breach by Hill, Hill’s obligations pursuant to the covenants in Sections 6 through 10 shall continue (regardless of any termination of the Agreement by Parent under
Section 5 in the event of a breach by Hill) throughout the remainder of the Advisory Period. 
 13. Injunctive Relief. Each Party
agrees that any breach by the other of this Agreement (given, among other factors, the unique skills, position and exposure to Confidential Information at issue with respect to this Agreement) would cause immediate and irreparable harm to the
non-breaching Party, that such harm would be difficult or impossible to measure, and that damages for the non-breaching Party would therefore be an inadequate remedy for any such breach. Therefore, each Party agrees that in the event of a breach or
threatened breach of this Agreement, Parent, Surviving Corporation or Hill 

  
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(whichever is seeking to enforce this Agreement) shall be entitled to seek an injunction restraining the Party in breach (or threatened to be in breach, as the case may be) from the conduct which
would constitute a breach of this Agreement, requiring specific performance and/or other appropriate relief in order to enforce and prevent any violations of this Agreement, and requiring (without limiting any other remedy) the Party in breach to
account for and pay over to the non-breaching Party all compensation, profits, moneys, accruals, increments or other benefits derived from or received as a result of any transactions constituting a breach of this Agreement if and when final judgment
of a court of competent jurisdiction is so entered against the Party in breach. Each Party further hereby waives (a) any defense in any action for specific performance that a remedy at law would be adequate and (b) any requirement under
any Law to provide the inadequacy of money damages or to post security as a prerequisite to obtaining equitable relief. 
 14. Non-Exclusive
Remedies. Each Party shall have any available remedies for breach of this Agreement and, unless otherwise expressly provided, remedies set forth herein are not intended to be exclusive. Except as contemplated herein (including the provisions
relating to termination of employment) this Agreement does not limit Hill’s rights or obligations or Parent’s rights or obligations (or any present or future Affiliate of Parent) under the terms of any employment, proprietary information,
confidentiality, invention assignment or other agreement between Hill and Company, Surviving Corporation, and/or Parent. Notwithstanding the foregoing, Hill and RSH Consulting shall have no monetary obligation or liability to Parent or Surviving
Corporation for any breach of this Agreement in excess of the unpaid balance of the Monthly Advisory Services Compensation, and Parent or Surviving Corporation shall have no monetary liability to Hill or RSH Consulting for any breach in excess of
such unpaid balance. 
 15. Notices. All notices, requests, demands, claims, consents and other communications that are required or
otherwise delivered hereunder shall be in writing and shall be deemed to have been duly given if (a) personally delivered; (b) sent by nationally recognized overnight courier; (c) emailed; or (d) sent by registered or certified
mail with postage prepaid, return receipt requested, to the Parties at the following addresses (or at such other address for a Party as shall be specified by like notice): 
 (a) if to Hill and/or to RSH Consulting, to both: 
 Richard S. Hill 

P.O. Box 691 

5171 Kukuna Road 
 Anahola, Hawaii 96703 
 and 

Richard S. Hill 

187 Heather Lane 
 Atherton, California 94027 
 with copies to: 

  
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 David Herbst 
 Manatt, Phelps & Phillips, LLP 
 1841 Page Mill Road, Suite 200

 Palo Alto, CA 94304 
 dherbst@manatt.com 
 Facsimile: 1.650.213.0260 

(a) if to Parent, to: 
 Lam Research Corporation 
 Attention: Sarah O’Dowd 

Executive Vice President and Chief Legal Officer 
 4650 Cushing Parkway 
 Fremont, CA 94538 

Email: Sarah.ODowd@lamresearch.com 
 with copies to: 
 Timothy Hoxie 

Jones Day 
 555
California Street, Suite 2600 
 San Francisco, CA 94104 

tghoxie@jonesday.com 
 Facsimile: 1.415.875.5700 
 16. Governing Law; Disputes; Consent to Jurisdiction.

 (a) Governing Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State
of California without giving effect to any choice of law or conflict of law provision or rule (whether of the State of California or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of
California. 
 (b) Consent to Jurisdiction. Each of the Parties hereto hereby irrevocably and unconditionally submits,
for itself and its property, to the jurisdiction of any California state court sitting in Santa Clara or Alameda County, California, or, if no such state court has proper jurisdiction, the Federal court of the United States of America, sitting in
San Jose or Oakland, California, and any appellate court from any thereof, in any Proceedings arising out of or relating to this Agreement and any transactions contemplated hereby or for recognition or enforcement of any judgment relating thereto,
and each of the Parties hereby irrevocably and unconditionally (i) agrees not to commence any such Proceeding except in such courts, (ii) agrees that any claim in respect of any such Proceeding may be heard and determined in such
California state court or, if no such state court has proper jurisdiction, the such Federal court, (iii) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of

  
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venue of any Proceeding in the state or Federal courts located in any such California state or Federal court, and (iv) waives, to the fullest extent permitted by law, the defense of an
inconvenient forum to the maintenance of such Proceeding in the state or Federal courts located in any such California state or Federal court. Each of the Parties hereto agrees that a final judgment in any such Proceeding may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by Law. Each Party to this Agreement irrevocably consents to service of process at his or its address provided for notices in Section 13. Nothing in this Agreement will
affect the right of any Party to this Agreement to serve process in any other manner permitted by Law. 
 17. Cooperation; Expense
Reimbursement. Each Party shall cooperate with the other Party and shall take such further action and shall execute and deliver such further documents as may be necessary or desirable in order to carry out the provisions and purposes of this
Agreement. Hill shall be reimbursed for reasonable business expenses incurred in performing requested Advisory Services (including travel expenses to attend meetings of the Boards described in Section 2 to the extent such service remains
reasonably related to fulfilling the liaison portion of the Advisory Services) all accordance with Parent’s expense reimbursement policies applicable to Parent’s senior executives. 
 18. Amendments, Modifications and Waivers. No amendment, modification or waiver of any provision of this Agreement shall be valid unless the same shall be in writing and signed by authorized
officer of Parent, Hill and RSH Consulting. No waiver by Parent of any default, misrepresentation or breach hereunder by Hill, whether intentional or not, shall be deemed to extend to any prior or subsequent default, misrepresentation or breach
hereunder by Hill or affect in any way any rights of Parent arising by virtue of any prior or subsequent such occurrence. 
 19. Independent
Counsel. Each Party acknowledges that it has been represented by independent counsel of its choice, or has had the opportunity to be represented by independent counsel of its choice, and that to the extent, if any, that it desired, has availed
itself of this right and opportunity throughout all negotiations that have preceded the execution of this Agreement, and that it has executed the same with the consent and upon the advice of such independent counsel. Accordingly, any rule of law or
any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the drafting Party has no application and is expressly waived. 
 20. Integration. Subject to Sections 11(a) and 14, this Agreement is the entire agreement of the Parties pertaining to the subject matter of this Agreement, and all prior or contemporaneous
negotiations, agreements, understandings, or representations, whether written or oral, that pertain to the subject matter of this Agreement, are expressly superseded hereby and are of no further force and effect. Each of the Parties acknowledges
that it has not relied on any promise, representation or warranty, expressed or implied, not contained in this Agreement or the Merger Agreement. 
 21. Assignment. This Agreement shall inure to the benefit of and be binding upon the Parties and their respective successors, assigns, heirs and/or personal representatives, provided that neither
this Agreement nor any interest herein shall be assigned or 

  
 12 

 
otherwise transferred, by operation of law or otherwise, by Hill without the prior written consent of Parent, or by Parent except in connection with the transfer of all or substantially all of
the business and assets of the Surviving Corporation. Nothing in this Agreement shall confer, whether expressly or by implication, any rights or remedies under or by reason of this Agreement on any person or entity other than the Parties, Affiliates
of Parent and the respective permitted successors and assigns of any of the foregoing. 
 22. Separate Covenants. This Agreement shall be
deemed to consist of a series of separate covenants, one for each county, state, country or other region included within the Restricted Territory. The Parties expressly agree that the character, duration, geographic area and subject matter scope of
this Agreement are reasonable in light of the circumstances as they exist on the date upon which this Agreement has been executed. However, should a determination nonetheless be made by a court of competent jurisdiction at a later date that the
character, duration, geographical area or subject matter scope of this Agreement exceeds that permitted by applicable Law in a particular jurisdiction, then the Parties agree that such provision(s) will be reformed to the maximum character,
duration, geographical area and subject matter scope, as the case may be, permitted by applicable Law in such jurisdiction, without affecting the enforceability of any provisions of this Agreement in other jurisdictions. If, in any judicial
proceeding, a court shall refuse to enforce all of the separate covenants deemed included herein because, taken together, they are more extensive (after giving effect to any reformation contemplated by the preceding sentence) than necessary or
appropriate to assure Parent of the intended benefit of this Agreement, it is expressly understood and agreed among the Parties hereto that those of such covenants that, if eliminated, would permit the remaining separate covenants to be enforced in
such proceeding shall, for the purpose of such proceeding, be deemed eliminated from the provisions hereof in that jurisdiction. 
 23.
Severability. The Parties desire and intend that the provisions of this Agreement be enforced to the fullest extent permissible under the Law and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, in the
event that any court of competent authority holds any provision of this Agreement to be invalid, prohibited or unenforceable for any reason in any jurisdiction, then as to such jurisdiction, the offending provision shall be deemed severed from this
Agreement and shall be ineffective within that jurisdiction, without invalidating the remaining provisions of this Agreement within that jurisdiction or affecting the validity or enforceability of any provisions of this Agreement in any other
jurisdiction. Notwithstanding the foregoing, if an offending provision as described above could be more narrowly drawn or otherwise “blue-penciled,” modified or reformed so as not to be invalid, prohibited or unenforceable in the
jurisdiction where it was held to be offending, then it shall, as to such jurisdiction, be deemed more narrowly drawn, blue-penciled, modified or reformed, by the minimum necessary to render it valid and enforceable in that jurisdiction,
(i) with the nature and extent of such redrawing, blue-penciling, modification or reformation to be determined by a court of competent authority in accordance with applicable procedural and substantive law, and (ii) without invalidating
the remaining provisions of this Agreement within that jurisdiction or affecting the validity or enforceability of any provisions of this Agreement in any other jurisdiction. 

  
 13 

 24. Counterparts; Signatures. The Parties may execute this Agreement in counterparts, each of which
shall be deemed to be an original instrument, but both of which together shall constitute but one agreement. The delivery of a signature to this Agreement by facsimile or electronic mail shall be sufficient for all purposes between the Parties.

 25. Acknowledgement. The Parties acknowledge that they each have read and understand the Agreement, are fully aware of its legal
effect, and have entered into it voluntarily and freely based on their own judgment and not on any promises or representations other than those contained in the Agreement. 

  
 14 

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of March 6,
2012. 
  

							
		 		 	 PARENT
  

LAM RESEARCH CORPORATION

			
		 		 	 /s/ Sarah A. O’Dowd

	 /s/ Richard S. Hill
	 		 	By:	 	Sarah A. O’Dowd
	Richard S. Hill	 		 	Its:	 	Group Vice President Human Resources and Chief Legal Officer

  

			
	RSH Consulting, LLC
		
	By	 	 /s/ Richard S. Hill

		 	Richard S. Hill, Manager

  
 15 

 EXHIBIT A 
 GENERAL RELEASE OF CLAIMS 
 This General Release of Claims (hereinafter
“Release”) is entered into by and between Richard S. Hill (“Executive”) and Lam Research Corporation, a Delaware corporation (“Company”). 

RECITALS 

A. Company, BLMS Inc., a California corporation and a wholly owned subsidiary of Parent (“Merger Sub”), and Novellus
Systems, Inc., a California corporation (the “Novellus”) entered into the Agreement and Plan of Merger, dated December 14, 2011 (the “Merger Agreement”), pursuant to which, among other things, Merger Sub will
be merged with and into Novellus (the “Merger”), and Novellus will become a wholly-owned subsidiary of the Company (“Surviving Corporation”). Capitalized terms used in this Agreement but not otherwise defined herein have
the meanings assigned to them in the Merger Agreement. 
 B. On the later of: (a) the Closing of the Merger; and
(b) June 15, 2012, Executive’s employment with Novellus will terminate (“Termination Date”). 

C. Following the Termination Date, Executive has agreed to provide advisory services to the Company as set forth in the Advisory Services
Agreement between the Company and Executive (“Advisory Services Agreement”). 
 D. According to the terms and
conditions of the Advisory Services Agreement, Executive must execute this Release. By execution hereof, Executive understands and agrees that this Release is a compromise of doubtful and disputed claims, if any, which remain untested; that there
has not been a trial or adjudication of any issue of law or fact herein; that the terms and conditions of this Release are in no way to be construed as an admission of liability on the part of the Company and that the Company denies any liability
and intends merely to avoid litigation with this Release. 
 AGREEMENT 

NOW THEREFORE FOR MUTUAL CONSIDERATION, the receipt and sufficiency of which the parties hereto acknowledge the parties agree as follows: 

1. Executive, for Executive and Executive’s spouse, heirs, assigns, executors, administrators, agents, successors and affiliates,
hereby unconditionally, irrevocably and absolutely releases and discharges the Company, Novellus, Merger Sub and their respective past and present affiliates, owners, directors, officers, employees, agents, attorneys, heir, representatives,
legatees, stockholders, insurers, divisions, successors and/or assigns and any related holding, parent or subsidiary corporations (“Released Parties”), from any and all known or unknown loss, liability, claims, costs (including,
without limitation, attorneys’ fees), demands, causes of action, or suits of any type (collectively “Claims”), whether in law and/or in equity, related directly or indirectly or

  
 16 

 
in any way connected with any transaction, affairs or occurrences between them and arising on or prior to the Effective Date, including but not limited to Claims in connection with
Executive’s employment with the Company, the termination of said employment and claims of emotional or physical distress related to such employment or termination, to the fullest extent permitted by law, and claims under the Age Discrimination
In Employment Act (“ADEA”). This Release shall not be interpreted to require Executive to waive or release Executive’s right to file a charge with the Equal Employment Opportunity Commission (“EEOC”) or the
National Labor Relations Board (“NLRB”), however, Executive does waive and release Executive’s right to any monetary recovery or other personal relief should the EEOC, NLRB, or any other agency pursue claims on Executive’s
behalf. This Release also does not apply to any lawsuit brought to challenge the validity of this Release under the ADEA, to enforce the terms of this Release, or for claims that arise under the ADEA after the Effective Date. This Release also shall
not include: (1) any (a) accrued salary (including accrued vacation pay), cash bonus or other cash compensation (and unreimbursed expenses) that Executive is entitled to receive at the Termination Date, or (b) any and all rights and
benefits described and/or referenced in Section 4(f) of Executive’s Amended and Restated Employment Agreement dated June 9, 2011 (the “Agreement”) applicable to Executives’ termination of employment, in each case to the
extent not paid or provided to Executive as of the date hereof (and provided further, that, notwithstanding the foregoing, the Release shall include any right Executive may have had to receive notice pay pursuant to the Agreement by reason of
Executive’s employment terminating without 90 days’ advance written notice, which right Executive is expressly waiving herein); (2) Executive’s rights and benefits under any and all stock option awards, restricted stock awards
and restricted stock unit awards granted to Executive by Novellus, and any and all qualified and nonqualified retirement plans maintained by Novellus; (3) any and all rights and claims to indemnification Executive has against the Released
Parties; (4) any and all rights and claims under the Advisory Services Agreement; or (5) any and all rights and claims which may not be waived as a matter of law. Executive and the Company expressly acknowledge and agree that neither the
Company nor Executive would enter into this Agreement but for the representation and warranty that Executive is hereby releasing any and all claims of any nature whatsoever, known or unknown, whether statutory or at common law, which Executive now
has or could assert directly or indirectly against any of the released parties (other than as expressly set forth herein). 
 2.
Executive irrevocably and absolutely agrees that Executive will not prosecute nor cooperate with any prosecution on Executive’s behalf in any court, whether federal or state, any claim or demand of any type related to the matters released in
Section 1, it being an intention of the parties that with the execution of this Release, the Released Parties will be absolutely, unconditionally and forever discharged of and from all obligations to or on behalf of the other related in any way
to the matters released in Section 1, other than as set forth in Section 1 and/or to the extent permitted by law. 

3. Executive agrees to treat all matters related to this Release as confidential (“Confidential Information”); provided,
however, that nothing herein shall be deemed to preclude Executive from giving statements, affidavits, depositions, testimony, declarations, or other disclosures required by or pursuant to legal process, or from disclosing Confidential Information
to Executive’s legal counsel, tax advisor or spouse. 

  
 17 

 
Similarly, Executive shall not make, issue, disseminate, publish, print or announce any news release, public statement or announcement with respect to the Confidential Information, or any aspect
thereof, the reasons therefore and the terms of this Release. 
 4. Executive and the Company do certify that Executive and the
Company have read all of this Release, and that Executive and the Company fully understands all of the same. Executive hereby expressly waives all of the benefits and rights granted to Executive pursuant to any applicable law or regulation to the
effect that: 
 A general release does not extend to claims which the creditor does not know of or suspect to exist in his or her
favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. 
 6. Executive and the Company further declare and represent that no promise, inducement or agreement not herein expressed has been made to either and that this Release contains the full and entire
agreement between and among the parties, and that the terms of this Release are contractual and not a mere recital. 
 7. The
validity, interpretation, and performance of this Release shall be construed and interpreted according to the laws of the State of California. 
 8. This Release may be pleaded as a full and complete defense and may be used as the basis for an injunction against any action, suit or proceeding that may be prosecuted, instituted or attempted by
either party in breach thereof. 
 9. If any provision of this Release, or part thereof, is held invalid, void or voidable as
against the public policy or otherwise, the invalidity shall not affect other provisions, or parts thereof, which may be given effect without the invalid provision or part. To this extent, the provisions, and parts thereof, of this Release are
declared to be severable. 
 10. It is understood that this Release is not an admission of any liability by any person, firm
association or corporation but is in compromise of any disputed claim. 
 11. Executive represents, acknowledges and agrees that
the Company has advised him, in writing, to discuss this Release with an attorney, and that to the extent, if any, that Executive has desired, Executive has done so; that the Company has given Executive twenty-one (21) days to review and
consider this Release before signing it, and Executive understands that Executive may use as much of this twenty-one (21) day period as Executive wishes prior to signing; that no promise, representation, warranty or agreements not contained
herein have been made by or with anyone to cause Executive to sign this Release; that Executive has read this Release in its entirety, and fully understands and is aware of its meaning, intent, contents and legal effect; and that Executive is
executing this Release voluntarily, and free of any duress or coercion. 

  
 18 

 12. The parties acknowledge that for a period of seven (7) days following the execution
of this Release by Executive, Executive may revoke the Release, and the Release shall not become effective or enforceable until the revocation period has expired. This Release shall become effective eight (8) days after it is signed by
Executive (“Effective Date”). 

  
 19 

 IN WITNESS WHEREOF, the undersigned have executed this Release on the dates shown
below. 
  

									
	Lam Research Corporation	 		 		 	
				
	  
	 		 		 	
	By:	 	  
	 		 	  

	Its:	 	  
	 		 	Richard S. Hill
					
	Dated:	 	  
	 		 	Dated:	 	  

  
 20Employment Agreement

 EXHIBIT 10.3 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (the
“Agreement”) is made and entered into between Timothy M. Archer (the “Executive”) and Lam Research Corporation, a Delaware corporation (the “Company”). 

R E C I T A L S 

A. The Company and Executive desire to enter into this Agreement with respect to the Executive’s employment with the Company.

 In consideration of the mutual covenants herein contained, and in consideration of the employment of Executive by the
Company, the parties agree as follows: 
 1. Duties and Scope of Employment. 

(a) Position. During the Employment Period (as defined in Section 2(a) below), the Executive shall serve as Executive Vice
President, Chief Operating Officer of the Company and in such capacity the Executive shall perform the duties and responsibilities relating to Field, CSBG and Global Operations or such other duties and responsibilities as the Chief Executive Officer
(the “CEO”) may from time to time reasonably assign to Executive, in all cases to be consistent with Executive’s office and position. 
 (b) Executive’s Obligations. Executive shall comply with all of the Company’s policies and procedures governing employment. During the Employment Period, the Executive shall devote his
full business efforts and time to the Company. The foregoing, however, shall not preclude the Executive from engaging in such activities and services as do not interfere or conflict with his responsibilities to the Company. 

2. Employment Period. 
 (a) Term. The Company shall employ the Executive, on the terms and subject to conditions set forth in the Agreement, for a period of three (3) years contingent upon, and commencing immediately
upon, the closing of the merger set forth in the Agreement and Plan of Merger, dated December 14, 2011 (the “Merger Agreement”), among the Company, BLMS Inc., a California corporation and a wholly owned subsidiary of the Company
(“Merger Sub”), and Novellus Systems, Inc., a California corporation (“Novellus”) (such period, the “Employment Period”). 
 (b) Termination. This Agreement will terminate at the conclusion of the Employment Period unless the parties agree to extend it. The CEO will provide notice of the Company’s intent whether to
renew or enter into a new employment agreement with the Executive twelve (12) months prior to the end of the Employment Period. If the CEO provides notice of the Company’s intent to renew or enter into a new employment agreement with the
Executive, the Company and the Executive will enter into good faith negotiations. Neither (i) providing a notice of intent not to renew or enter into a new employment agreement nor (ii) the failure to renew or enter into a new employment
agreement will be considered an Involuntary Termination as defined in Section 7(c). Nothing contained in this Agreement alters the “at will” nature of the Executive’s employment with the Company. In addition, this Agreement may
be terminated prior to expiration of the Employment Period as follows: 
 (i) By the Company. The Company may terminate
the Executive’s employment for Cause (as defined in Section 7(a) below), by giving the Executive thirty (30) days’ advance written notice, subject, however, to the cure provisions of such Section. The Company may terminate the
Executive’s employment with the Company for any reason (other than due to the Executive’s death or Disability, which are addressed in Sections 2(c) and 2(d) below) by giving the Executive ninety (90) days’ advance notice in
writing, although the Company may pay to the Executive the compensation Executive would have otherwise received during such period in lieu of such notice. Unless such termination by the Company is a termination for Cause or due to the
Executive’s death or Disability, it shall be regarded as an Involuntary Termination of the Executive. Any waiver of notice shall be valid only if it is made in writing and expressly refers to the applicable notice requirement of this
Section 2(b). 

 (ii) By the Executive. The Executive may terminate his employment with the Company
by reason of Involuntary Termination (as defined in Section 7(c) below) by giving the Company thirty (30) days’ advance written notice, subject, however, to the cure provisions of such Section. The Executive may tender his Voluntary
Resignation (as defined in this Agreement) by giving the Company ninety (90) days’ advance written notice, which period may be waived or reduced at the Company’s option, although the Company may choose to pay the Executive, in lieu of
such notice period the amounts that would otherwise be due to the Executive during such period. Any waiver or reduction of notice shall be valid only if it is made in writing and expressly refers to the applicable notice requirement of this
Section 2(b). 
 (c) Death. The Executive’s employment shall terminate immediately in the event of his death.

 (d) Disability. The Executive’s employment shall terminate in the event of his Disability (as defined in
Section 7(b) below). 
 (e) Priority of Rights and Obligations upon Termination. If any event leading to or
permitting termination of this Agreement, or providing notice thereof, occurs at approximately the same time as any other termination event or during any termination notice period, and those events invoke different notice periods or different
severance or other benefit arrangements, the deadlines, obligations, rights and benefits applicable to the termination event having the highest priority shall control. The priority of termination events (from highest to lowest priority) is as
follows: (1) termination for Cause; (2) Voluntary Resignation; (3) Involuntary Termination; (4) Disability; and (5) death. For example, if Executive gives notice of his Voluntary Resignation and, before the 90 day notice
period has expired, he is subject to an Involuntary Termination, only the rights and benefits available to him for Voluntary Resignation apply since the provisions governing Voluntary Resignation have a higher priority than those applicable to
Involuntary Termination. Similarly, if the Executive has been subject to an Involuntary Termination and dies during the notice period, he shall have the rights and benefits available to his estate as one subject to an Involuntary Termination.
Expiration of this Agreement prevails over all termination events. 
 3. Compensation and Benefits. 

(a) Base Compensation. During the term of this Agreement, the Company shall pay the Executive as compensation for services a base
salary at the annual rate of $550,000. The Compensation Committee of the Board of Directors, at least annually, will review, and potentially adjust, such base salary on a prospective basis, reasonably taking into account Executive’s performance
and prevailing compensation for executives at similar levels in similar sized companies in the industry. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 3(a) is
referred to in this Agreement as “Base Compensation.” 
 (b) Variable Compensation. Executive shall be entitled
to participate in any short-term or long-term variable compensation plans offered by the Company to its executive officers generally (collectively, such plans are referred to in this Agreement as the “Combined Plans” and which are
currently the Annual Incentive Plan and the Long-Term Incentive Plan, which includes the Multi-Year Incentive Plan and the equity components of the Long-Term Incentive Plan), subject to the generally applicable terms and conditions of the plan in
question and to the determination of the Compensation Committee or any committee administering such plan. 
 For the first 6
months of 2012, the Executive will continue to participate in the Novellus annual incentive program. The Executive will participate in the Company’s Annual Incentive Plan for the second 6 months of 2012, with a target payout equal to one
hundred percent (100%) of the Executive’s Base Compensation (at the annual rate specified above) for the second 6 months of 2012 (i.e., such target amount for the second 6 months of 2012 is one-half of Executive’s annual Base
Compensation). Under the Long-Term Incentive Plan, the initial program cycle in which the Executive is eligible to participate shall be the cycle with a targeted payment date in February 2014. The target for this initial Long-Term Incentive Plan
program cycle shall be two-million five hundred thousand ($2,500,000), which shall be payable consistent with the Company’s 

  
 - 2 -

 
practice (which is currently one-half in cash and one-half in equity) to the extent that the targets are met and in accordance with the terms of the applicable plan. Future target amounts, actual
payment amounts, and forms of payment under both the Annual Incentive Plan and Long-Term Incentive Plan, will be determined by the Compensation Committee in accordance with the terms of the applicable programs. The actual date of such payments will
be the dates specified under the applicable programs. 
 (c) Integration Award. The Executive will be
eligible for an integration award in the amount of one million dollars ($1,000,000), payable in cash, provided he is a current employee with the Company on December 31, 2013 and has relocated to the San Francisco Bay Area as requested by the
Company. If the integration award vests on December 31, 2013, this award shall be paid by the Company to the Executive as soon as reasonably practicable thereafter, but in no event later than March 15, 2014. 

(c) Deferred Compensation. The Executive shall be entitled to participate in the Company’s Elective Deferred Compensation
Plan pursuant to the terms thereof. 
 (d) Benefits. During the Employment Period, the Executive shall be eligible to
participate in the benefit plans and compensation programs maintained by the Company of general applicability to other executive officers of the Company, including (without limitation) retirement plans, savings or profit-sharing plans, deferred
compensation plans, supplemental retirement or excess-benefit plans, equity award, life, disability, health, accident and other insurance programs, paid vacations (but accruing at not less than three weeks per year), and similar plans or programs,
subject in each case to the generally applicable terms and conditions of the plan or program in question and to the determination of the Compensation Committee or any committee administering such plan or program, as appropriate. 

(e) Reimbursement of Business Expenses. The Company shall reimburse the Executive for all reasonable and necessary business
expenses incurred by the Executive in the performance of his duties hereunder upon proper submission of expense reports in accordance with Company policies regarding such reimbursement. 

4. Section 162(m). Executive and the Company agree to use reasonable good faith efforts, to the extent reasonably practicable
and not materially adverse to the Executive, to structure payment of Executive’s compensation from the Company so as to avoid non-deductibility of any such amounts under Section 162(m) of the Internal Revenue Code (the “Code”) or
any successor provision. 
 5. Benefits Upon a Change in Control. 

(a) If a Change in Control (as defined in this Agreement) occurs during the Employment Period, and an Involuntary Termination of
Executive’s employment occurs either in contemplation of such Change in Control1 or within twelve (12) months following a Change in
Control2, then: 

(i) Within ten (10) days following the Termination Date, the Company shall pay Executive a lump sum equal to (A) twelve
(12) months of Base Compensation (without giving effect to any salary reduction 
  

	1 	For purposes of this Agreement, “occurring in contemplation of a Change in Control” means an Involuntary Termination occurring within one (1) month prior
to an actual Change in Control. It shall also include any termination if the termination was a condition of a party other than the Company to entry into an agreement, the consummation of which would cause a Change in Control (an “Acquisition
Agreement”), whether or not such person actually enters into such agreement. Finally, it shall also include any Involuntary Termination if the actions constituting grounds for Involuntary Termination were taken at the request or direction of a
person who has entered into an Acquisition Agreement. 

	2 	For purposes of clarity, (1) the Termination Date (as defined in Section 7(d)) applicable to the Involuntary Termination must occur in contemplation of a
Change in Control or (2) notice of the Involuntary Termination, in accordance with Section 9, must be given or received by the Company, as applicable, within twelve (12) months following the Change in Control.

  
 - 3 -

 
program currently in effect, if any), plus (B) an amount equal to the average of the short-term variable compensation plan (currently the Annual Incentive Plan and together with any future
short-term variable compensation plan, collectively hereinafter referred to as the “Short Term Plan”) payments earned by the Executive from the Company and Novellus over the last five (5) years in which the Executive was employed with
the Company or Novellus on December 31st of such year
(the “Five Year Average Amount”) plus (C) a pro-rata amount (based on the number of full months worked during the calendar year during which the Termination Date occurs) of the Five Year Average Amount. 

(ii) If at the Termination Date, payment has not been made under the Short Term Plan that was in effect during the
calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive, not later than March 15th of the year in which the Termination Date occurs, the full amount he would have earned under such prior-year plan
(based on the performance results achieved under such plan), as if his employment had not been terminated. 
 (iii) If the
Executive qualifies for participation in the Company’s Executive Retiree Medical Benefit Plan (or a comparable benefit) prior to the Termination Date, then the Executive will receive the benefits he qualifies for under the Executive Retiree
Medical Benefit Plan or, if such plan has been terminated prior to the Termination Date, within ten (10) days following the Termination Date, the Company shall pay the Executive a lump sum amount (the “Medical Plan Payment”) equal to
the present value of the benefits for which the Executive qualified prior to the termination of such plan. The present value of such benefits shall be determined actuarially based on the actual cost of replacing the benefits as of the Termination
Date. If the Executive does not qualify for participation in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within ten (10) days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums
the Executive would be required to pay for the COBRA benefits selected by Executive for twelve (12) months after the Executive’s Termination Date if Executive has provided less than twenty (20) years of service to the Company and for
eighteen (18) months after Executive’s Termination Date if Executive has provided twenty (20) or more years of service to the Company. For this purpose, years of service shall include service with Novellus. 

(iv) The unvested portion(s) of any stock options/Restricted Stock Units (“RSUs”) that were granted to Executive prior to the
Change in Control, except for those awards which are listed in Appendix A, shall automatically be accelerated in full so as to become completely vested as of the Termination Date. The stock options shall remain exercisable for two years following
the Termination Date unless they are earlier exercised or expire pursuant to their original terms or unless they are exchanged for cash in connection with any Change in Control. The Company will issue the shares underlying the RSUs within ten
(10) days of the Termination Date. 
 (b) In the event of a Change in Control, for any long-term cash-based variable
compensation plan (currently the Multi-Year Incentive Plan, and together with any future long-term cash-based variable compensation plan, hereinafter the “Long Term Cash Plan”) awards outstanding (which would ultimately include two
Long-Term Cash Plan performance cycles under the plan as currently structured) at the time of the Change in Control, performance cycles under such plans shall cease as of the date of the Change in Control. The Company shall pay Executive, subject to
the payout dates and restrictions below, all accrued amounts as of the last full completed quarter as of the date of the Change in Control, under each performance cycle of such plan, plus the Remaining Target Amount for each performance cycle under
each such plan (together, the “Payment Amounts”). The Remaining Target Amount shall equal, for each performance cycle under each plan, the target amount multiplied by the number of quarters in the performance cycle that end after the time
of the Change in Control, divided by the total number of quarters in the full performance cycle. Payment shall be made at the times specified below, and pending payment, the Company shall hold such amount in a book account for the Executive.

  
 - 4 -

 (i) Change in Control, Involuntary Termination. In the case of a Change in Control
where the Executive’s employment terminates due to an Involuntary Termination prior to twelve (12) months following the Change in Control or in contemplation of a Change in Control, the Payment Amounts shall be paid out to the Executive
within ten (10) days following the Termination Date. 
 (ii) Change in Control, No Termination. In the case of a
Change in Control where the Executive’s employment does not terminate within twelve (12) months following the Change in Control or in contemplation of a Change in Control, the Executive shall receive the Payment Amounts when ordinarily
paid out. For avoidance of doubt, if there are multiple Long Term Cash Plan performance cycles, portions of the Payment Amounts may be paid in different years, each in accordance with the terms of the relevant performance cycle. 

(c) No Change in Control benefits under Sections 5(a) or 5(b) will apply if the Change in Control or Involuntary Termination occurs after
the Executive has (i) given notice of Voluntary Resignation or (ii) been given notice of termination for Cause by the Company, unless that notice of termination for Cause is subsequently withdrawn (in writing) by the Company and
Executive’s employment does not terminate as a result of such notice. 
 (d) If the Company is acquired by another entity
in connection with a Change in Control and there is or will be no market for the Common Stock of the Company, the vesting of all Executive’s stock options/RSUs, granted prior to the Change in Control, except for those awards which are listed in
Appendix A, will accelerate immediately prior to the Change in Control (and, for stock options, be immediately exercisable) if the acquiring company does not provide Executive with stock options/RSUs comparable to the unvested stock options/RSUs
granted Executive by the Company, regardless of whether the Executive’s employment is terminated. 
 (e) These
Section 5 benefits upon a Change in Control shall be the sole benefits that the Executive is entitled to under this Agreement (i.e., the Executive is not also entitled to any additional benefits provided in Section 6(b), below).

 6. Severance Benefits other than in a Change in Control. 

(a) Benefits; Miscellaneous. In the event of any termination of Executive’s employment at any time during the term of this
Agreement, (1) the Company shall pay the Executive any unpaid Base Compensation due for periods prior to the Termination Date; (2) the Company shall pay the Executive all of the Executive’s accrued and unused vacation through the
Termination Date; and (3) following submission of proper expense reports by the Executive (or his estate), the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive in connection with the
business of the Company. These payments shall be made promptly at the Company’s next scheduled payroll date. 
 (b) In the
event of a termination other than one described in Section 5, Executive shall be entitled to severance benefits that vary depending upon the reason for termination. Such benefits shall be as follows (and no others): 

(i) Voluntary Resignation Severance Benefits. 
 (A) Base Compensation shall cease on the Termination Date. Executive shall not be entitled to any further payment pursuant to the Short Term Plan or the Long Term Cash Plan following termination.

 (B) All medical and health benefits shall cease on the Termination Date, except as specified in any then existing Executive
Retiree Medical Benefit Plan for which Executive qualifies. All Company 401(k) Plan benefits, Elective Deferred Compensation Plan benefits and other benefits not specifically addressed in this Agreement shall be treated in accordance with the terms
of such plans and benefits. 

  
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 (C) Stock options, except for those awards which are listed in Appendix A, will cease to
vest on the Termination Date and will be cancelled ninety (90) days after the Termination Date (unless they are exercised or expire pursuant to their terms before cancellation). RSUs, except for those awards which are listed in Appendix A, will
be cancelled on the Termination Date. 
 (ii) Involuntary Termination Severance Benefits. 

(A) Within ten (10) days following the Termination Date, the Company shall pay Executive a lump sum equal to (x) twelve
(12) months of Base Compensation (without giving effect to any salary reduction program then in effect, if any), plus (y) an amount equal to fifty percent (50%) of the Five Year Average Amount (as defined in Section 5).

 (B) At the time that the Company makes payments to other executive officers under the Short Term Plan that is in effect
during the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end of such calendar year, such pro-rata
portion to be calculated based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. 
 (C) If at the Termination Date, payment has not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall
pay the Executive, not later than March 15th of the
year in which the Termination Date occurs, the full amount he would have earned under such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. 

(D) If the Executive qualifies for participation in the Company’s Executive Retiree Medical Benefit Plan (or a comparable benefit)
prior to the Termination Date, then the Executive will receive the benefits he qualifies for under the Executive Retiree Medical Benefit Plan, or if such plan has been terminated prior to the Termination Date, within ten (10) days following the
Termination Date, the Company shall pay the Executive the Medical Plan Payment. If the Executive does not qualify for participation in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within ten (10) days following the
Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive would be required to pay for the COBRA benefits selected by Executive for twelve (12) months after the Executive’s Termination Date if Executive has
provided less than twenty (20) years of service to the Company and for eighteen (18) months after Executive’s Termination Date if Executive has provided twenty (20) or more years of service to the Company. For this purpose, years
of service shall include service with Novellus. 
 (E) For any stock options/RSUs granted twelve (12) months or more
before the Termination Date, except for those awards which are listed in Appendix A, a number of shares shall vest (and for stock options, become exercisable as of the Termination Date) such that the total number of shares vested on the Termination
Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during the vesting schedule)3. The stock options shall remain exercisable for two years following the Termination Date unless they are earlier
exercised or expire pursuant to their original terms or unless they are exchanged for cash in connection with any Change in Control. The Company will issue the shares underlying the RSUs to the Executive within ten (10) days following the
Termination Date. In addition, the Compensation Committee may, in its discretion, accelerate the vesting of additional stock options or RSUs held by the Executive. 

 

	3 	For example, if a stock option has a four (4) year vesting schedule where 25% of the options vest on each anniversary of the grant date, an Executive whose
Termination Date is twenty seven (27) months and a day after grant will already have vested in 50% of the total option, and will vest in an additional 6.25% (3/48) of the total option by virtue of this section. No additional vesting shall
occur beyond this additional amount. 

  
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 (F) Any Long Term Cash Plan awards, which are accrued as of the last full completed
quarter prior to the Termination Date, shall be paid to the Executive within ten (10) days following the Termination Date. 
 (iii) Severance Benefits following a termination for Cause. 
 (A) Base
Compensation shall cease on the Termination Date. Executive shall not be entitled to any further payment pursuant to the Short Term Plan or the Long Term Cash Plan following termination. 

(B) All medical and health benefits shall cease on the Termination Date, except as specified in any then existing Executive Retiree
Medical Benefit Plan for which Executive qualifies. 
 (C) Stock options, except for those awards which are listed in Appendix
A, will cease to vest on the Termination Date and will be cancelled thirty (30) days after the Termination Date (unless they are exercised or expire pursuant to their terms before cancellation). RSUs, except for those awards which are listed in
Appendix A, will be cancelled on the Termination Date. 
 (iv) Death Severance Benefits. Executive’s employment
shall terminate immediately in the event of his death. 
 (A) At the time that the Company makes payments to other executive
officers under the Short Term Plan that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive’s estate a pro-rata portion of the amount he would have earned under such plan had his
employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. 

(B) If at the Termination Date, payments have not been made under the Short Term Plan that was in effect during the
calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive’s estate, not later than March 15th of the year in which the Termination Date occurs, the full amount he would have earned under such prior-year plan
(based on the performance results achieved under such plan), as if his employment had not been terminated. 
 (C) If the
Executive qualifies for participation in the Company’s Executive Retiree Medical Benefit Plan (or a comparable benefit) prior to the Termination Date, then the Executive’s eligible dependents will receive the benefits they qualify for
under the Executive Retiree Medical Benefit Plan, or if such plan has been terminated prior to the Termination Date, within sixty (60) days following the Termination Date, the Company shall pay the eligible dependents the Medical Plan Payment.
If the Executive does not qualify for participation in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within sixty (60) days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the
Executive’s estate would be required to pay for the COBRA benefits selected by Executive’s estate for Executive’s eligible dependents for twelve (12) months after the Executive’s Termination Date if Executive has provided
less than twenty (20) years of service to the Company and for eighteen (18) months after Executive’s Termination Date if Executive has provided twenty (20) or more years of service to the Company. For this purpose, years of
service shall include service with Novellus. 
 (D) For any stock options/RSUs granted to the Executive before the Termination
Date, except for those awards which are listed in Appendix A, a number of shares shall vest so that the greater of (x) 50% of the shares in each grant are immediately vested (and, for stock options, become exercisable) or (y) the total
number of shares vested (and for stock options, become exercisable) on the Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during the vesting
schedule). The stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are

  
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exchanged for cash in connection with any Change in Control. The Company will issue the shares underlying the RSUs to the Executive’s estate within ten (10) days following the
Termination Date. In addition, the Compensation Committee may, in its discretion, accelerate the vesting of additional stock options or RSUs held by the Executive. 
 (E) Any Long Term Cash Plan awards, which are accrued as of the last full completed quarter prior to the Termination Date, shall be paid to Executive’s estate within sixty (60) days following
the Termination Date. 
 (v) Disability Severance Benefits. 

(A) At the time that the Company makes payments to other executive officers under the Short Term Plan that is in effect during the
calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end of such calendar year, such pro-rata portion to
be calculated based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. 
 (B) If at the Termination Date, payments have not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall
pay Executive, not later than March 15th of the year
in which the Termination Date occurs, the full amount he would have earned under such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. 

(C) If the Executive qualifies for participation in the Company’s Executive Retiree Medical Benefit Plan (or a comparable benefit)
prior to the Termination Date, then the Executive will receive the benefits he qualifies for under the Executive Retiree Medical Benefit Plan or, if such plan has been terminated prior to the Termination Date, within sixty (60) days following
the Termination Date, the Company shall pay the Executive the Medical Plan Payment. If the Executive does not qualify for participation in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within sixty (60) days
following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive would be required to pay for the COBRA benefits selected by the Executive for twelve (12) months after the Executive’s Termination Date if
Executive has provided less than twenty (20) years of service to the Company and for eighteen (18) months after Executive’s Termination Date if Executive has provided twenty (20) or more years of service to the Company. For this
purpose, years of service shall include service with Novellus. 
 (D) For any stock options/RSUs granted to the Executive
before the Termination Date, except for those awards which are listed in Appendix A, a number of shares shall vest so that the greater of (x) 50% of the shares in each grant are immediately vested (and, for stock options, become exercisable) or
(y) the total number of shares vested (and for stock options, become exercisable) on the Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during
the vesting schedule). The stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are exchanged for cash in connection with any
Change in Control. The Company will issue the shares underlying the RSUs to the Executive within ten (10) days following the Termination Date. In addition, the Compensation Committee may, in its discretion, accelerate the vesting of additional
stock options or RSUs held by the Executive. 
 (E) Any Long Term Cash Plan awards which are accrued as of the last full
completed quarter prior to the Termination Date, shall be paid to Executive within sixty (60) days following the Termination Date. 

  
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 7. Definition of Terms. The following terms referred to in this Agreement shall have
the following meanings: 
 (a) Cause. “Cause” shall mean: (1) Executive’s willful and continued
failure to perform the duties and responsibilities of his position after there has been delivered to Executive a written demand for performance from the Board which describes the basis for the Board’s belief that Executive has not substantially
performed his duties and responsibilities and provides Executive with thirty (30) days to take corrective action; (2) Any act of personal dishonesty knowingly taken by Executive in connection with his responsibilities as an employee of the
Company with the intention or reasonable expectation that such action may result in substantial financial enrichment of Executive; (3) Executive’s conviction of, or plea of guilty or nolo contendere to, a felony; (4) a willful and
knowing act by the executive which constitutes gross misconduct; or (5) A willful breach of a material provision of this Agreement by the Executive. Termination for Cause shall not be deemed to have occurred unless, by the affirmative vote of
all of the members of the Board (excluding the Executive and any person who reports to the Executive, if applicable), at a meeting called and held for that purpose (after reasonable notice to the Executive and his counsel and after allowing the
Executive and his counsel to be heard before the Board), a resolution is adopted finding that in the good faith opinion of such Board members the Executive was guilty of conduct set forth in (1), (2), (3), (4) or (5) of this
Section 7(a), specifying the particulars thereof. 
 (b) Disability. “Disability” shall mean that the
Executive is unable to engage in any substantial gainful activity by reasons of any readily determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuing period of not less than twelve
(12) months. A Disability must be certified by an approved Company physician. The date of Disability is the date on which the Disability is incurred. 
 (c) Involuntary Termination. “Involuntary Termination” shall mean: 
 (i) a material reduction of the Executive’s duties or responsibilities (other than for Cause or as a result of death or Disability); 

(ii) a material reduction in the Executive’s Base Compensation and benefits package, other than a reduction in Base Compensation
which is part of, and generally consistent with, a general reduction of salaries of all executive officers of the Company and of any party acquiring control of the Company in a Change in Control, or other than a change in Executive’s benefits
package that continues to provide Executive with comparable benefits to those enjoyed prior to the change; 
 (iii) a material
reduction by the Company in the Executive’s current Target Total Direct Compensation, other than: (A) any such reduction applicable to all executive officers of the Company and any party acquiring control of the Company in a Change in
Control generally, (B) any such reduction resulting from a drop in the Company’s stock price, or (C) unless in connection with a Change in Control, in which case this clause (C) shall not apply, any such reduction that is based
on a good faith market review of executive compensation conditions and levels (for similar positions in comparable companies) conducted in accordance with the normal compensation evaluation process applicable to executive officers of the Company
generally. For purposes of the foregoing, Target Total Direct Compensation means current annual Base Compensation (determined in the same manner as in Section 7(c)(ii)) plus current annual benefits plus current annual target amounts under the
Combined Plans, and to the extent that Target Direct Compensation includes equity awards, the value of such equity shall be determined at the time of grant based on the total stock compensation expense (FAS 123R) associated with that award;

 (iv) the relocation of the Company’s principal executive office to a location more than fifty (50) miles from its
present location but only if the Executive is required to change his principal place of employment to such new location (it being understood that requiring Executive to change his principal place of employment to the Company’s current principal
executive office in the San Francisco Bay Area is not an Involuntary Termination); 

  
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 (v) any termination of the Executive’s employment by or at the request of the Company
other than for Cause, Disability or death; 
 (vi) the failure of the Company to obtain the assumption of this Agreement by any
successors contemplated in Section 8 below; or 
 (vii) any material breach by the Company of any material provision of
this Agreement; 
 subject to the following: (A) None of the foregoing actions shall constitute Involuntary Termination if the Executive
has agreed thereto. (B) The CEO providing notice of the Company’s intent not to enter into, renew or extend this Agreement pursuant to Section 2(b) hereof shall not be considered an Involuntary Termination (although any of the
foregoing actions which occurs after the CEO provides notice of the Company’s intent not to enter into, renew or extend this Agreement may constitute an Involuntary Termination). (C) Except with respect to an event described in
Section 7(c)(v), the foregoing actions shall constitute Involuntary Termination only if and to the extent that (x) within 90 days of the occurrence of the events giving rise to an Involuntary Termination, the Executive provides written
notice to the Company setting forth in reasonable detail such facts which Executive believes constitute Involuntary Termination, (y) any circumstances constituting Involuntary Termination remain uncured for a period of thirty (30) days
following the Company’s receipt of such written notice, and (z) the Termination Date occurs within one hundred and eighty (180) days following the initial existence of the event giving rise to an Involuntary Termination. 

(d) Termination Date. “Termination Date” shall mean: 

(i) In the case of a termination for Cause, the last day of the thirty (30) day notice period, unless the reason for such
termination is cured by the Executive prior to the end of the thirty (30) day period; 
 (ii) In the case of a Company
initiated Involuntary Termination (under Section 2(b)(i) of this Agreement), the last day of the ninety (90) day notice period required under such section, or such earlier date at which the Company waives notice and pays the Executive in
lieu of such notice; 
 (iii) In the case of the Executive’s Voluntary Resignation or of an Involuntary Termination
initiated by the Executive (each under Section 2(b)(ii) of this Agreement), the last day of the applicable notice period required under such section, or such earlier date at which the Company waives notice and pays the Executive in lieu of such
notice; 
 (iv) In the case of Executive’s death, the date of such death; and 

(v) In the case of Executive’s Disability, the date of such Disability. 

Notwithstanding the foregoing, in the event of an Involuntary Termination occurring in contemplation of a Change in Control, if the
Termination Date would otherwise have occurred prior to the Change in Control, the Termination Date shall take place on the date of the Change in Control. If more than one Termination Date may apply, then the priority provisions of Section 2(e)
of this Agreement shall determine which Termination Date controls. The Company and the Executive shall take all steps necessary to ensure that any termination described in this Agreement constitutes a “separation from service” within the
meaning of Section 409A of the Code, and notwithstanding anything to the contrary, the date on which such separation from service takes place shall be the Termination Date. 

(e) Change in Control. “Change in Control” shall mean the occurrence of any of the following events: 

(i) Any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended, but excluding any person or group as such terms is used in Rule 13d-1(b) 

  
 - 10 -

 
under the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13-d-3 under said Act), directly or indirectly, of securities of the Company representing forty percent
(40%) or more of the total voting power represented by the Company’s then outstanding voting securities; 
 (ii) 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 effective date of this Agreement, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but
shall not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company); 

(iii) The stockholders of the Company approve 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 hereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than
fifty percent (50%) 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 approve a plan of complete
liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company’s assets (other than to a subsidiary or subsidiaries); or 

(iv) Any other event as determined by the independent members of the Board, in the sole discretion of the independent members of the
Board. 
 (f) Voluntary Resignation. “Voluntary Resignation” shall mean Executive’s termination of his
employment at any time, for any reason, by the Executive, other than by reason of Involuntary Termination, death or Disability. 

8. Successors. 
 (a) Company’s Successors. The Company shall require a successor to the Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) or
to all or substantially all of the Company’s business and/or assets (each a “Successor Company”) to assume the Company’s obligations under this Agreement and agree expressly to perform such obligations 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 Successor Company which executes and delivers the
assumption agreement described in this subsection (a) or which becomes bound by the terms of this Agreement by operation of law. 
 (b) Executive’s Successors. The terms of this Agreement and all rights of the Executive hereunder shall inure to the benefit of, and be enforceable by, the Executive’s personal or legal
representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
 9. 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 Federal Express or a comparable air courier company. In the case of the Executive, notices sent by courier shall be addressed to him at the home address that he most recently
communicated to the Company in writing. In the case of the Company, notices sent by courier shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Chief Legal Officer. 

(b) Notice of Termination. Any termination by the Company for Cause or by the Executive as a result of a Voluntary Resignation or
any Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in accordance with Section 9(a) of this Agreement. Such notice shall indicate the

  
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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. 
 10. Non-Compete; Non-Solicit. 

(a) The parties hereto recognize that the Executive’s services are special and unique and that his level of compensation and the
provisions herein for compensation upon Involuntary Termination are partly in consideration of and conditioned upon the Executive’s not competing with the Company, and that the covenant on his part not to compete and not to solicit as set forth
in this Section 10 is essential to protect the business and goodwill of the Company. 
 (b) The Executive agrees that prior
to the Termination Date, the Executive will not either directly or indirectly, whether as a director, officer, consultant, employee or advisor or in any other capacity (1) render any planning, marketing or other services respecting the
creation, design, manufacture or sale of semiconductor manufacturing equipment and/or software to any business, agency, partnership or entity (“Restricted Business”) other than the Company, or (2) make or hold any investment in any
Restricted Business in the United States other than the Company, whether such investment be by way of loan, purchase of stock or otherwise, provided that there shall be excluded from the foregoing the ownership of not more than 2% of the listed or
traded stock of any publicly held corporation. For purposes of this Section 10, the term “Company” shall mean and include the Company, any subsidiary or affiliate of the Company, any Successor Company and any other corporation or
entity of which the Executive may serve as a director, officer or employee at the request of the Company or any Successor Company. 
 (c) Prior to the Termination Date, and for the period extending six (6) months thereafter, the Executive will not directly induce or attempt to influence any employee of the Company to leave its
employ and join any Restricted Business in or within 50 miles of Fremont, California. 
 (d) The Executive agrees that the
Company would suffer an irreparable injury if he were to breach the covenants contained in subparagraphs (b) or (c) and that the Company would by reason of such breach or threatened breach be entitled to injunctive relief in a court of
appropriate jurisdiction, and the Executive hereby stipulates to the entering of such injunctive relief prohibiting him from engaging in such breach. 
 (e) If any of the restrictions contained in this Section 10 shall be deemed to be unenforceable by reason of the extent, duration or geographical scope or other provisions thereof, then the parties
hereto contemplate that the court shall reduce such extent, duration, geographical scope or other provisions hereof (but only to the extent necessary to render such restrictions enforceable) and then enforce this Section 10 in its reduced form
for all purposes in the manner contemplated hereby. 
 11. Existing Confidentiality and Non-Compete Agreements; Existing
Awards. 
 (a) Confidentiality and Non-Compete Agreements. Executive represents and warrants (1) that prior to
the date hereof he has provided the Company with true and complete copies of any and all written confidentiality and/or non-compete agreements to which Executive is a party as of the date hereof (together with a written description of any such oral
agreements), and (2) to the best of Executive’s knowledge, full compliance with the terms of each such agreement will not materially interfere with Executive’s duties hereunder (except to the extent that Executive reasonably may
determine to absent himself from certain Company meetings and communication during the first year of the Employment Period). The Executive further covenants that he will not willfully and knowingly fail to fully abide by the terms of any and all
such agreements and will work in good faith with the Company to avoid any breach thereof. 

  
 - 12 -

 (b) Novellus Awards. Executive represents that all equity awards made to the
Executive by Novellus that remain outstanding are listed on Appendix A. Each such award will be assumed by the Company pursuant to the Merger Agreement and will continue to be governed by its terms (as adjusted under the Merger Agreement), as
reflected in the applicable plan documents and award agreements. 
 12. Arbitration. 

At the option of either party, any and all disputes or controversies whether of law or fact and of any nature whatsoever arising from or
respecting this Agreement shall be decided by arbitration under the rules of the American Arbitration Association in accordance with the rules and regulations of that Association with the exception of any claim for temporary, preliminary or
permanent injunctive relief arising from or respecting this Agreement which may be brought by the Company in any court of competent jurisdiction irrespective of Executive’s desire to arbitrate such a claim. 

The arbitrator shall be selected as follows. In the event the Company and the Executive agree on one arbitrator, the arbitration shall be
conducted by such arbitrator. If the parties cannot agree on an arbitrator, the Company and the Executive shall each select one independent, qualified arbitrator and the two arbitrators so selected shall select the third arbitrator. The Company
reserves the right to object to any individual arbitrator who shall be employed by or affiliated with a competing organization. 

Arbitration shall take place in San Jose, California, or any other location mutually agreeable to the parties. At the request of either
party, arbitration proceedings will be conducted in the utmost secrecy; in such case all documents, testimony and records shall be received, heard and maintained by the arbitrators in secrecy under seal, available for the inspection only by the
Company and the Executive and their respective attorneys and their respective experts who shall agree in advance and in writing to receive all such information confidentially and to maintain such information in secrecy unless and until such
information shall become generally known. The arbitrator, who, if more than one, shall act by majority vote, shall have the power and authority to decree any and all relief of an equitable nature including, but not limited to, such relief as a
temporary restraining order, a temporary and/or permanent injunction, and shall also have the power and authority to award damages, with or without an accounting and costs, provided, that punitive damages shall not be awarded, and provided, further,
that the Executive shall be entitled to reimbursement for his reasonable attorney’s fees to the extent he prevails as to the material issues in such dispute. The reimbursement of attorney’s fees shall be made promptly following delivery of
an invoice therefore. The decree or judgment of an award rendered by the arbitrators may be entered in any court having jurisdiction thereof. 
 Reasonable notice of the time and place of arbitration shall be given to all persons, other than the parties, as shall be required by law, in which case such persons or those authorized representatives
shall have the right to attend and/or participate in all the arbitration hearings in such a manner as the law shall require. 

13. Excise Tax on Payments. Notwithstanding anything to the contrary contained herein, in the event that any payment by the
Company to or for the benefit of the Executive, whether paid or payable, would be subject to the excise tax imposed by Section 4999 of the Code or any comparable federal, state, or local excise tax (such excise tax, together with any interest
and penalties, are hereinafter collectively referred to as the “Excise Tax”), then the Executive shall receive either the full severance amount or a lesser amount that does not trigger an excise tax, whichever produces a greater after-tax
benefit to the Executive, as determined by the Company. 
 14. Miscellaneous Provisions. 

(a) No Duty to Mitigate. The Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement,
nor shall any such payment be reduced by any earnings that the Executive may receive from any other source. 

  
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 (b) Waiver. No provisions of this Agreement shall be modified, waived or discharged
unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). 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. 
 (c) Whole Agreement; Amendment. This Agreement and the documents expressly referred to herein represent the entire agreement of the parties with respect to the matters set forth herein. This
Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. Nothing herein affects the enforceability of either the Company’s Employment, Confidential Information and Invention Assignment
Agreement executed by the Executive, or the Executive’s Indemnification Agreement with the Company, which the Executive will execute upon commencement of employment. Any benefit amounts referenced as payable to the Executive pursuant to this
Agreement are the sole and exclusive amounts payable to the Executive for the category of benefit addressed by such amounts; provided, however, that this Agreement shall not limit any right of Executive to receive any payments or benefits under an
employee benefit or employee compensation plan of the Company, initially adopted prior to or after the date hereof, which are expressly contingent thereunder upon the occurrence of a Change in Control (including, but not limited to, the acceleration
of any rights or benefits thereunder). Notwithstanding the foregoing, in no event shall Executive be entitled to any payment or benefit under this Agreement which duplicates a payment or benefit received or receivable by Executive under any
severance or similar plan or policy of Company, and in any such case Executive shall only be entitled to receive the greater of the two payments. 
 (d) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the state of California, without regard to conflicts of law
provisions thereof. 
 (e) Severability. If any provision of this Agreement is determined to be invalid or unenforceable,
the Agreement shall remain in full force and effect as to the remaining provisions, and the parties shall replace the invalid or unenforceable provision with one which reflects the parties’ original intent in agreeing to the
invalid/unenforceable one. 
 (f) No Assignment of Benefits. Except as otherwise provided herein, the rights of any
person to payments or benefits under this Agreement shall not be made subject to option or assignment, either by voluntary or involuntary assignment or by operation of law, including (without limitation) bankruptcy, garnishment, attachment or other
creditor’s process, and any action in violation of this subsection (f) shall be void. 
 (g) Withholding Taxes.
The Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. 

(h) Section 409A of the Code. Notwithstanding anything herein to the contrary, if at the time of the
Executive’s termination of employment with the Company, the Company has determined that the Executive is a “specified employee” as defined in Section 409A of the Code and any severance payments and benefits to Executive are
considered a “deferral of compensation” under Section 409A of the Code (the “Deferred Payments”), such Deferred Payments that are otherwise payable within the first six months following the Termination Date will become
payable on the first business day of the seventh month following the Executive’s Termination Date, or if earlier the date of the Executive’s death. In the event that payments under this Agreement are deferred pursuant to this
Section 14(h), then such payments shall be paid at the time specified in this Section 14(h) without interest. The Company shall consult with the Executive in good faith regarding the implementation of the provisions of this
Section 14(h) provided, that neither the Company nor any of its employees or representatives shall have any liability to the Executive with respect thereto. Any amount under this Agreement that satisfies the requirements of the
“short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations will not constitute Deferred Payments for purposes of this Agreement. Any amounts scheduled for payment hereunder when they are ordinarily paid
out or when they are made to other executive officers, will nonetheless be paid to Executive on or before
March 15th of the year following the year

  
 - 14 -

 
when the payment is no longer subject to a substantial risk of forfeiture. For purposes of Section 409A of the Code, the right to a series of installment payments under this Agreement shall
be treated as a right to a series of separate payments, and references herein to the Executive’s termination of employment shall refer to Executive’s separation of services with the Company within the meaning of Section 409A of the
Code. Notwithstanding anything to the contrary herein, except to the extent any expense, reimbursement or in-kind benefit provided pursuant to this Agreement does not constitute a “deferral of compensation” within the meaning of
Section 409A of the Code: (x) the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive during any calendar year will not affect the amount of expenses eligible for reimbursement or in-kind benefits
provided to the Executive in any other calendar year, (y) the reimbursements for expenses for which the Executive is entitled to be reimbursed shall be made on or before the last day of the calendar year following the calendar year in which the
applicable expense is incurred, and (z) the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any other benefit. 
 (i) Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or
to the Company, provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term “Company” when used in a
section of this Agreement shall mean the corporation that actually employs the Executive. 
 (j) 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. 
 (k) Survival of Obligations. Except as otherwise described herein, and except to the extent that as of the Termination Date rights to payment hereunder have accrued, the obligations of Sections 7
through 14 shall survive termination of this Agreement. In the event that a binding agreement is reached that would result in a Change in Control during the Employment Period, Section 5 of this Agreement shall survive with regard to that Change
in Control. 
 (l) Company Release. As a condition to the Company’s obligations pursuant to this Agreement, the
Executive agrees to execute a release of claims against the Company (the “Release”), substantially in the form attached hereto as Exhibit A, by the sixtieth (60th) day following the Executive’s Termination Date. If the
Company has not received an irrevocable Release by the sixtieth (60th) day following the Termination Date, the Company shall be under no obligation to make payments or provide benefits under this Agreement; provided such sixty (60) day
period shall be tolled during the pendancy of any arbitration proceeding under this Agreement. In the event one or more of the provisions of the Release should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions of the Release, and the Release shall be construed as if such invalid, illegal or unenforceable provision had never been contained therein. 

  
 - 15 -

 IN WITNESS WHEREOF, the parties have executed this Agreement. 

LAM RESEARCH CORPORATION 
  

			
	By:	 	 /s/ Sarah A. O’Dowd

		 	Sarah A. O’Dowd
	Its:	 	Group Vice President, HR & Chief Legal Officer

 DATED: March 6, 2012 

 

	
	 /s/ Timothy M. Archer

	Timothy M. Archer
	
	DATED: March 6, 2012

  
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 APPENDIX A 

LIST OF EQUITY AWARDS WITH DIFFERENT TERMS 
  

					
	 Grant Date
	  	 Award Type
	  	 Terms (based on Novellus shares)

			
	 12/14/2011
	  	Time Vesting RSUs	  	66,380 units, vesting over 2 years
			
	 6/20/2002
	  	Nonstatutory Options	  	20,000 shares, exercise price $32.96
			
	 12/13/2002
	  	Nonstatutory Options	  	50,000 shares, exercise price $29.24
			
	 12/18/2003
	  	Nonstatutory Options	  	20,000 shares, exercise price $40.82
			
	 6/11/2004
	  	Nonstatutory Options	  	16,000 shares, exercise price $31.24
			
	 12/16/2004
	  	Nonstatutory Options	  	30,000 shares, exercise price $27.48
			
	 12/15/2005
	  	Nonstatutory Options	  	40,000 shares, exercise price $24.76
			
	 12/14/2006
	  	Nonstatutory Options	  	65,000 shares, exercise price $33.39
			
	 12/13/2007
	  	Nonstatutory Options	  	50,000 shares, exercise price $26.15
			
	 12/18/2008
	  	Nonstatutory Options	  	75,000 shares, exercise price $12.47
			
	 12/17/2009
	  	Nonstatutory Options	  	75,000 shares, exercise price $23.93
			
	 12/16/2010
	  	Nonstatutory Options	  	36,000 shares, exercise price $33.00

 EXHIBIT A 

COMPANY RELEASE 

  
 - 18 -

 

 
 LAM RESEARCH CORPORATION RELEASE 

This Release (“Release”) constitutes a binding agreement between you,
            [EMP NAME]            , Lam Employee No.
            [EE I.D.]            , and Lam Research Corporation (“Lam” or “the Company”). Please
review the terms carefully. We advise you to consult with an attorney concerning its terms. 
 1. This Release is provided to Lam pursuant to an
Employment Agreement (your “Agreement”) between you and Lam. You understand that if you choose not to sign this Release, as provided in your Agreement Lam has no obligation to make any payments or provide any benefits provided in your
Agreement. 
 2. You understand that your obligations under the Confidential Information and Invention Assignment Agreement, or similarly titled
agreement, you signed at the beginning of your employment with Lam are ongoing and binding and survive the termination of your employment with Lam, regardless of whether you sign this Release. 

3. If you agree to this Release, you will be eligible to receive the payments and benefits provided in your Agreement. You must sign and return
this Release, and it must become irrevocable (as discussed in Sections 4.E. and 8 below), within sixty (60) days of your Termination Date (as defined in your Agreement). You may, at your discretion, sign and return the Release sooner. You are
hereby advised to consider the terms of this Release and consult with an attorney of your choice prior to executing this Release. Lam is under no obligation to pay any amounts or provide any benefits under your Agreement until such release is
irrevocable. Lam will make such payments and provide such benefits under your Agreement as soon as practicable, in accordance with the terms of your Agreement and in accordance with IRC Section 409A and accompanying Treasury Regulations
(although Lam makes no representation about any specific tax treatment applicable to you). Neither Lam nor the Executive shall have the right to accelerate or defer the delivery of any payments or provision of any benefits except as specifically
permitted or required by Section 409A. 
 4. In exchange for and in consideration of the payments and benefits provided for in your
Agreement, you agree to, and agree to abide by, the following terms: 
  

	 	A.	 Release. You hereby waive and release, and promise never to assert, any and all claims, except workers compensation or unemployment compensation
claims, that you have, or may have at any time, against Lam and its predecessors, subsidiaries, related entities, and their officers, directors, shareholders, agents, attorneys, employees, benefit plans, successors, or assigns (collectively
“Released Parties”) at all or, specifically, arising from or related to your employment with Lam and/or the termination of your employment with Lam. These claims include, but are not limited to, all claims arising under federal, state,
and/or local statutory or common law, including, but not limited to, claims of wrongful or constructive discharge or demotion, breach of contract (written, oral or implied), breach of the covenant of good faith and fair dealing, violation of public
policy, defamation, personal injury, emotional distress, claims under Title VII of the 1964 Civil Rights Act, as amended, the California Fair Employment and Housing Act (or comparable provision under any other state’s law), the Equal Pay Act of
1963, California Labor Code Section 1197.5 (or comparable provision under any other state’s law), the Age Discrimination in Employment Act of 1967, as amended, the Older Workers Benefit Protection Act (OWBPA), the Americans with
Disabilities Act (ADA), the Civil Rights Act of 1866, the Family and Medical Leave Act (FMLA), the Worker Adjustment and Retraining Notification (WARN) Act, California Labor Code Section 1400 et seq., and any other laws, regulations, or
ordinances relating to employment or employment discrimination, and the laws of contract and tort, to the full extent permitted by law. You are, through this Release, releasing the Company from any and all claims you may have against the Company,
including claims under the Age Discrimination in 

	 	
Employment Act of 1967, 29 U.S.C. §621, et seq (ADEA) with the exception of (i) your right to receive the payments provided for in, or to enforce, your Agreement and (ii) any
claims you may have pursuant to any written agreement, the Company’s certificate of incorporation or bylaws, or as mandated by statute, to indemnification as a director or officer of the Company; further, rights or claims under the Age
Discrimination in Employment Act that may arise after the date this Agreement is executed are not waived. 

  

	 	B.	Release of Unknown Claims. You agree to waive and release and promise never to assert any claims or potential claims that you might have against the Released
Parties, whether or not you know or might have reason to know of such claims or potential claims or of the facts potentially giving rise to any such claims or potential claims. Specifically, you agree to waive, and by executing this Release do
waive, your rights under section 1542 of the Civil Code of California, or comparable provision of another state’s law, which states: 

 A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known to him or her must have
materially affected his or her settlement with the debtor. 
  

	 	C.	Acknowledgment of 21-Day Consideration Period: If you are 40 years of age or older, you acknowledge and agree that you have been given at least 21 days to
consider the terms of this Release before signing it1. You
knowingly and voluntarily waive the remainder of the 21-day consideration period, if any, following the date (as indicated below) you sign this Release. You affirm that you have not been asked by the Company to shorten your time period for
consideration of whether to sign this Release. You affirm that the Company has not threatened to withdraw or alter the payments or benefits due to you prior to the expiration of the 21-day period nor has the Company provided different terms to you
because you have decided to sign this Release prior to the expiration of the 21-day consideration period. You understand that by your having waived some portion of the 21-day consideration period, the Company may expedite the processing of some of
the payments or benefits provided to you in reliance upon your signing this Release. 

  

	 	D.	No Re-Start of Consideration Period: You agree that any changes to this Release or to the payments or benefits and terms offered or that may be offered to you
after your initial receipt of this Release, whether any such changes (individually or collectively) are material or immaterial, do not and shall not restart the running of the consideration period. 

 

	 	E.	Right to Revoke: You understand that if you sign this Release, you can change your mind and revoke it within seven days after signing it by returning it with
written revocation notice to the Company in the manner described in the notice provision of your Agreement. You understand that the release and waiver set forth above will not be effective until after this seven-day period has expired.

  

	 	F.	Binding Agreement: You understand that following the seven-day revocation period, this Release will be final and binding. You promise that you will not pursue
any claim that you have settled by this Release. If you break this promise, you agree to pay all of the Company’s costs and expenses (including reasonable attorneys’ fees) related to the defense of any claims, except this promise not to
sue does not apply to claims that you may have under the OWBPA and the ADEA. Although you are releasing claims that you may have under the OWBPA and the ADEA, you understand that you may challenge the knowing and voluntary nature of this release
under the OWBPA and the ADEA before a court, the Equal Employment Opportunity Commission (EEOC), the National Labor Relations Board (NLRB), or any other federal, state or local agency charged with the enforcement of any employment laws. You
understand, however, that if you pursue a claim against the Company under the OWBPA and/or the ADEA, a court has the discretion to determine whether the Company is entitled to restitution, recoupment, or set off (hereinafter “reduction”)
against a monetary award obtained by you in the court proceeding. A reduction never can exceed the amount you recover, or the consideration 

 

	1 	Insert 45 day Consideration Period in circumstances required by law. 

  
 - 20 -

	 	
you received for signing this Release, whichever is less. You also recognize that the Company may be entitled to recover costs and attorney’s fees incurred by the Company as specifically
authorized under applicable law. You further understand that nothing in this Release generally prevents you from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC, NLRB, or any other
federal, state or local agency charged with the enforcement of any employment laws, although by signing this Release you are waiving your right to individual relief based on claims asserted in such a charge or complaint. Nothing in this
Agreement shall be construed to waive any right that is not subject to waiver by private agreement under federal, state or local laws, such as claims for workers compensation or unemployment benefits. 

 

	 	G.	Authorization for Deductions from Paychecks and Other Payments. You hereby authorize Lam to deduct and withhold from your paychecks and from any other payments
of cash compensation due to you, from the date of this Release forward, any and all amounts you may, from time to time, owe to Lam for any reason, including (without limitation) loans or advances to you, reimbursement of paid but unvested signing or
relocation bonuses, amounts due under a promissory note, taxes or tax withholding paid or to be paid by Lam on your behalf. If you owe Lam monies as documented in a promissory note or other written agreement, the repayment terms of that document
will apply. 

  

	 	H.	Confidentiality of Terms of this Release. You agree not to disclose to any other person or entity any information regarding the terms of this Release, or the
fact of its existence, or the amounts of any payments or benefits made to or provided to you, except that you may disclose such information to your immediate family (spouse, children, or parents), attorney, accountant, or other professional advisor
to whom you must make the disclosure in order for such person to render professional services to you, or as you otherwise may be compelled by law. You will instruct any such persons to whom you make such disclosures, however, to maintain the
confidentiality of such information, consistent with your obligations to maintain its confidentiality hereunder. 

  

	 	I.	Non-Solicitation. You agree to comply with the terms set forth in Section 10 of your Agreement. 

 

	 	J.	Non-Disparagement. You hereby agree that you will not disparage, criticize, slander, or libel Lam or any of its products, technologies, policies, actions,
employees, officers, or agents, to any third party or person, including without limitation any supplier, customer, or prospective customer or business partner of Lam. 

 5. To accept this Release, please sign and date it below and provide it to the Company in the manner described in the notice provision of your Agreement. If your Release is not executed, returned
and irrevocable within 60 days from the Termination Date (as defined in your Agreement), the offer of the payments and benefits described in your Agreement shall automatically expire and this offer shall be deemed revoked. 

6. In the event that you breach any of your obligations under this Release or as otherwise imposed by law, Lam will be entitled to recover the payments
and benefits paid under your Agreement and to obtain all other relief provided by law or equity. Lam’s rights and remedies arising hereunder are cumulative of any and all other rights or remedies Lam may have in the event of a breach of this
Release by you. 
 7. By signing this Release, you acknowledge that you have had the opportunity to review this Release carefully with an
attorney of your choice concerning its terms and effect, and that the waivers, settlement, and releases made herein are knowing, voluntary, informed, and consensual. 
 8. You understand that once you have signed this Release, you have an additional seven (7) days to revoke your acceptance by submitting a written notice of your revocation to the Company in the
manner described in the notice provision of your Agreement. If you do not revoke your acceptance within seven (7) days of your acceptance, the Release will be deemed effective, binding and enforceable. Please note that this means your
executed Release must be received by the Chief Legal Officer of the Company, within 53 days of Termination Date (as defined in your Agreement) or the Company shall be under no obligation to make the payments or provide the benefits under your
Agreement. 

  
 - 21 -

 9. This Release shall be construed and enforceable in all respects pursuant to California law,
notwithstanding conflict of laws considerations or the preference, policy or law of any other jurisdiction or forum. Any dispute or action arising from or related to this Release shall be brought in federal or California state court located in the
County of Santa Clara, California, and in no other jurisdiction or venue. The invalidity or unenforceability of any provision(s) of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in
full force and effect. 
 /// 

  
 - 22 -

 I, THE UNDERSIGNED, HAVE BEEN ADVISED IN WRITING THAT I HAVE HAD AT LEAST TWENTY-ONE (21) DAYS TO
CONSIDER THIS RELEASE AND TO CONSULT WITH AN ATTORNEY CONCERNING ITS TERMS AND EFFECT PRIOR TO EXECUTING THIS RELEASE. 
 I, THE
UNDERSIGNED, HAVE READ THIS RELEASE, UNDERSTAND ITS TERMS, AND UNDERSTAND THAT I ENTER THIS RELEASE INTENDING TO AND DO WAIVE, SETTLE AND RELEASE ALL CLAIMS I HAVE OR MIGHT HAVE AGAINST LAM RESEARCH CORPORATION TO THE FULL EXTENT PERMITTED BY LAW. I
SIGN THIS RELEASE VOLUNTARILY AND KNOWINGLY. 
  

			
	 ACKNOWLEDGED, UNDERSTOOD AND AGREED
 CORPORATION:
	  	ON BEHALF OF LAM RESEARCH
		
	  
	  	  

	[EMP NAME]	  	Sarah A. O’Dowd
		  	Group Vice President, HR & Chief Legal
		  	Officer
		
	Date:                             
                                         
      	  	Date:                            
                                         
           

  
 - 23 -

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