Document:

Amendment No.3 to the Rights Agreement

 Exhibit 4.4 
 AMENDMENT NO. 3 
 TO 
 AMENDED AND RESTATED RIGHTS AGREEMENT 
 THIS AMENDMENT NO. 3 TO THE AMENDED AND RESTATED RIGHTS
AGREEMENT (this “Amendment”) is entered into as of December     , 2008, between First Midwest Bancorp, Inc., a Delaware corporation (the “Company”), and First Midwest Bank, as rights agent (following
the merger of First Midwest Trust Company into First Midwest Bank) (the “Rights Agent”). This Amendment modifies and amends the Amended and Restated Rights Agreement, dated as of November 15, 1995 and as amended on June 18, 1997
and on November 14, 2005, between the Company and the Rights Agent (the “Rights Agreement”). 
 WITNESSETH: 
 WHEREAS, Section 5.4 of the Rights Agreement provides that prior to the Separation Time, the Company may, at any time or from time to time,
supplement or amend the Rights Agreement in any respect without the approval of any holders of Rights; and 
 WHEREAS, as of the date hereof,
the Separation Time has not occurred; and 
 WHEREAS, the Board of Directors of the Company has determined that each Right shall hereafter
represent the right to purchase one one-thousandth of a share of Preferred Stock (as hereinafter defined). 
 WHEREAS, upon the execution
hereof the Company will file a Certificate of Elimination with respect to the Series A Preferred Stock which was previously designated with respect to the Rights Agreement; and 
 WHEREAS, the Board of Directors of the Company has adopted, in accordance with Sections 5.4 and 5.14 of the Rights Agreement, a resolution approving this
Amendment and directing the appropriate officers of the Company to take all appropriate steps to execute, deliver, and put into effect this Amendment. 
 NOW, THEREFORE, in consideration of the premises and mutual agreements herein set forth, the parties hereby amend the Rights Agreement as follows: 
 1. The definition of “Preferred Stock” in Article I shall be amended to read “Preferred Stock” shall mean the series of Participating Preferred Stock, without par value, of the Company created by a
Certificate of Designation in substantially the form set forth in Exhibit A to this Amendment No. 3, appropriately completed.” 
 2.
Section 2.3(a) is hereby amended to read “(a) Subject to Sections 3.1, 5.1 and 5.10 and subject to adjustment as herein set forth, each Right will entitle the holder thereof, after the Separation Time and prior to the Expiration Time,
to purchase, for the Exercise Price, one one-thousandth of a share of Preferred Stock.” 

 3. This Amendment shall be deemed to be in force and effective immediately upon execution and delivery hereof. Except as
amended hereby, the Rights Agreement shall remain in full force and effect and shall be otherwise unaffected hereby. 
 IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be duly executed as of this day and year first above written. 
  

			
	FIRST MIDWEST BANCORP, INC.
		
	By:	 	 /s/ Michael L. Scudder

		 	Its President

  

			
	FIRST MIDWEST BANK
		
	By:	 	 /s/ Thomas J. Schwartz

		 	Its duly authorized officer

 EXHIBIT A 
 FORM OF CERTIFICATE OF DESIGNATION AND TERMS 
 OF PARTICIPATING PREFERRED STOCK OF FIRST MIDWEST BANCORP,
INC. 
 Pursuant to Section 151 of the General 
 Corporation Law of the State of Delaware 
 We, the undersigned,
                                        
and
                                        ,
the
                                        ,
and
                                        ,
respectively, of First Midwest Bancorp, Inc., a Delaware corporation (the “Corporation”), do hereby certify as follows: 
 Pursuant
to authority granted by the Restated Certificate of Incorporation of the Corporation, and in accordance with the provisions of Section 151 of the General Corporation Law of the State of Delaware, the Board of Directors of the Corporation has
adopted the following resolutions fixing the designation and certain terms, powers, preferences and other rights of a new series of the Corporation’s Preferred Stock, without par value, and certain qualifications, limitations and restrictions
thereon: 
 RESOLVED, that there is hereby established a series of Preferred Stock, without par value, of the Corporation, and
the designation and certain terms, powers, preferences and other rights of the shares of such series, and certain qualifications, limitations and restrictions thereon, are hereby fixed as follows: 
 (i) The distinctive serial designation of this series shall be “Participating Preferred Stock” (hereinafter called “this
Series”). Each share of this Series shall be identical in all respects with the other shares of this Series except as to the dates from and after which dividends thereon shall be cumulative. 
 (ii) The number of shares in this Series shall initially be
            ,1 which number may from time to time be
increased or decreased (but not below the number then outstanding) by the Board of Directors. Shares of this Series purchased by the Corporation shall be cancelled and shall revert to authorized but unissued shares of Preferred Stock undesignated as
to 
  

	 1
	 Insert number equal to the number of shares of Common Stock outstanding on date prior to filing certificate of
designation divided by 1,000. 

 
series. Shares of this Series may be issued in fractional shares which are whole number multiples of one one-thousandth of a share, which fractional shares
shall entitle the holder, in proportion to such holder’s fractional share, to all rights of a holder of a whole share of this Series. 
 (iii) The holders of full or fractional shares of this Series shall be entitled to
receive, when and as declared by the Board of Directors, but only out of funds legally available therefor, dividends, (A) on each date that dividends or other distributions (other than dividends or distributions payable in Common Stock of the
Corporation) are payable on or in respect of Common Stock comprising part of the Reference Package (as defined below), in an amount per whole share of this Series equal to the aggregate amount of dividends or other distributions (other than
dividends or distributions payable in Common Stock of the Corporation) that would be payable on such date to a holder of the Reference Package and (B) on the last day of March, June, September and December in each year, in an amount per whole
share of this Series equal to the excess (if any) of $            2 over the aggregate dividends paid per whole share of this Series during the three month period ending on such last day. Each such dividend shall be paid to the holders of record of shares of this Series on the date, not exceeding sixty
days preceding such dividend or distribution payment date, fixed for the purpose by the Board of Directors in advance of payment of each particular dividend or distribution. Dividends on each full and each fractional share of this Series shall be
cumulative from the date such full or fractional share is originally issued; provided that any such full or fractional share originally issued after a dividend record date and on or prior to the dividend payment date to which such record date
relates shall not be entitled to receive the dividend payable on such dividend payment date or any amount in respect of the period from such original issuance to such dividend payment date. 
 The term “Reference Package” shall initially mean 1,000 shares of Common
Stock, without par value (“Common Stock”), of the Corporation. In the event the Corporation shall at any time after the close of business on
                    ,             3 (A) declare or pay a dividend on any Common Stock payable in Common Stock, (B) subdivide any Common Stock or (C) combine any Common Stock into a
smaller number of shares, then and in each such case the Reference Package after such event shall be the Common Stock that a holder of the Reference Package immediately prior to such event would hold thereafter as a result thereof. 
  

	 2
	 Insert an amount equal to  1/4 of the Exercise Price multiplied by 10 (i.e., a guaranteed 1% dividend). 

	3	For a certificate of designation relating to shares to be issued pursuant to Section 2.3 of the Rights Agreement, insert the Separation Time. For a certificate of designation
relating to shares to be issued pursuant to Section 3.1(d) of the Rights Agreement, insert the Flip-in Date. 

  

 -2- 

 Holders of shares of this Series shall not be entitled to any dividends, whether payable
in cash, property or stock, in excess of full cumulative dividends, as herein provided on this Series. 
 So long as any
shares of this Series are outstanding, no dividend (other than a dividend in Common Stock or in any other stock ranking junior to this Series as to dividends and upon liquidation) shall be declared or paid or set aside for payment or other
distribution declared or made upon the Common Stock or upon any other stock ranking junior to this Series as to dividends or upon liquidation, unless the full cumulative dividends (including the dividend to be paid upon payment of such dividend or
other distribution) on all outstanding shares of this Series shall have been, or shall contemporaneously be, paid. When dividends are not paid in full upon this Series and any other stock ranking on a parity as to dividends with this Series, all
dividends declared upon shares of this Series and any other stock ranking on a parity as to dividends shall be declared pro rata so that in all cases the amount of dividends declared per share on this Series and such other stock shall bear to each
other the same ratio that accumulated dividends per share on the shares of the Series and such other stock bear to each other. Neither the Common Stock nor any other stock of the Corporation ranking junior to or on a parity with this Series as to
dividends or upon liquidation shall be redeemed, purchased or otherwise acquired for any consideration (or any moneys be paid to or made available for a sinking fund for the redemption of any shares of any such stock) by the Corporation (except by
conversion into or exchange for stock of the Corporation ranking junior to this Series as to dividends and upon liquidation), unless the full cumulative dividends (including the dividend to be paid upon payment of such dividend, distribution,
redemption, purchase or other acquisition) on all outstanding shares of this Series shall have been, or shall contemporaneously be, paid. 
 (iv) In the event of any merger, consolidation, reclassification or other transaction in which the shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or any other property,
then in any such case the shares of this Series shall at the same time be similarly exchanged or changed in an amount per whole share equal to the aggregate amount of stock, securities, cash and/or any other property (payable in kind), as the case
may be, that a holder of the Reference Package would be entitled to receive as a result of such transaction. 
  

 -3- 

 (v) In the event of any
liquidation, dissolution or winding up of the affairs of the Corporation, whether voluntary or involuntary, the holders of full and fractional shares of this Series shall be entitled, before any distribution or payment is made on any date to the
holders of the Common Stock or any other stock of the Corporation ranking junior to this Series upon liquidation, to be paid in full an amount per whole share of this Series equal to the greater of
(A) $            4 or (B) the aggregate amount distributed or to be
distributed in connection with such liquidation, dissolution or winding up to a holder of the Reference Package (such greater amount being hereinafter referred to as the “Liquidation Preference”), together with accrued dividends to such
distribution or payment date, whether or not earned or declared. If such payment shall have been made in full to all holders of shares of this Series, the holders of shares of this Series as such shall have no right or claim to any of the remaining
assets of the Corporation. 
 In the event the assets of the Corporation available for distribution to the holders of shares
of this Series upon any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, shall be insufficient to pay in full all amounts to which such holders are entitled pursuant to the first paragraph of this
Section (v), no such distribution shall be made on account of any shares of any other class or series of Preferred Stock ranking on a parity with the shares of this Series upon such liquidation, dissolution or winding up unless proportionate
distributive amounts shall be paid on account of the shares of this Series, ratably in proportion to the full distributable amounts for which holders of all such parity shares are respectively entitled upon such liquidation, dissolution or winding
up. 
 Upon the liquidation, dissolution or winding up of the Corporation, the holders of shares of this Series then
outstanding shall be entitled to be paid out of assets of the Corporation available for distribution to its stockholders all amounts to which such holders are entitled pursuant to the first paragraph of this Section (v) before any payment shall
be made to the holders of Common Stock or any other stock of the Corporation ranking junior upon liquidation to this Series. 
 For the purposes of this Section (v), the consolidation or merger of, or binding statutory share exchange by, the Corporation with any other corporation shall not be deemed to constitute a liquidation, dissolution or winding up of the
Corporation. 
  

	 4
	 Insert an amount equal to 1,000 times the Exercise Price in effect as of the Separation Time.

  

 -4- 

 (vi) The shares of this Series shall not be redeemable. 
 (vii) In addition to any other vote or consent of stockholders required by law or by the Restated Certificate of Incorporation, as
amended, of the Corporation, and except as otherwise required by law, each share (or fraction thereof) of this Series shall, on any matter, vote as a class with any other capital stock comprising part of the Reference Package and shall have the
number of votes thereon that a holder of the Reference Package would have. 
 IN WITNESS WHEREOF, the undersigned have signed and attested
this certificate on the      day of                 ,         . 
  

							
	Attest:	 		 		 	 
				
	  
	 		 		 	
		 		 		 	

  

 -5-Separation and Release Agreement between Freescale and Paul Grimme

 Exhibit 10.1 
 SEPARATION AND RELEASE AGREEMENT 
 This Separation and Release Agreement (the “Agreement”) is the mutual,
complete and final agreement between Paul Grimme (for yourself, your spouse and anyone acting for you) (“you”), and Freescale Semiconductor, Inc. (for itself, its parents, subsidiaries and affiliates and anyone acting for Freescale)
(“Freescale”) that resolves all matters between you and Freescale. Except where otherwise specified, this Agreement supersedes and nullifies all prior and concurrent communications, acknowledgements and agreements between you and
Freescale, including any prior versions of this Agreement. This Agreement has been individually negotiated and is not part of a group incentive or other termination program. In consideration for the payments and benefits provided under this
Agreement, you and Freescale agree to the following: 
 1. SEPARATION. You resigned from your employment with Freescale effective September 5,
2008 (the “Separation Date”). You claim that your separation from employment entitles you to receive benefits under the Freescale Semiconductor, Inc. Officer Change in Control Severance Plan (the “CIC Plan”).
Freescale disagrees with you conclusion and has denied your claim for benefits under the CIC Plan. To resolve this dispute, Freescale and you have entered into this Agreement, and the Consulting Services Agreement executed contemporaneously with
this Agreement. 
 2. SEPARATION ALLOWANCE. 
 Freescale
will pay you $1,225,000 (One Million Two Hundred Twenty-Five Thousand Dollars) (less applicable taxes and withholding (the “Separation Allowance”) if you sign and do not revoke this Agreement. This payment will be made to you on or
before December 30, 2008, provided you sign and do not revoke this Agreement. 
 3. BENEFIT AND EQUITY PLANS. 
 The effect of your separation and this Agreement upon your participation in, or coverage under, any of Freescale’s benefit or compensation plans and any applicable
stock option plans, award documents or restricted stock or restricted stock unit agreements will be governed by the terms of those plans and agreements except as specifically modified by this Agreement. Freescale is making no guarantee, warranty or
representation in this Agreement regarding any position that may be taken by any administrator regarding the effect of this Agreement upon your rights, benefits or coverage under those plans. 
 The Freescale Holdings Nonqualified Stock Option Agreements between you and Freescale dated December 1, 2006 (collectively the “NQ Agreements”)
will be modified as follows: Under Section 3(a)(iii) of the NQ Agreements, the period within which you can exercise all or part of your vested stock options will be extended to November 30, 2010 or ten business days after Freescale
communicates its 2010 annual valuation. 
 You will receive continued benefits as described and subject to the limitations in Section 4.2(b) of the CIC
Plan, but you understand and agree that your benefits will continue under that section for a period not to exceed 2.5 years beginning September 6, 2008. 
 4. CONSULTING SERVICES AGREEMENT. Contemporaneous with the execution of this Agreement, you and Freescale will enter into the Consulting Services Agreement attached as Exhibit A. 
 5. NO DISPARAGEMENT. You agree that you will not, directly or indirectly make, or cause to be made, any statement, observation or opinion, disparaging the
business, goodwill or reputation of Freescale. Neither Freescale nor any director or officer of Freescale will directly or indirectly make, or cause to be made, any statement, observation or opinion, disparaging your reputation. 

 6. COOPERATION AND MATERIAL REPRESENTATIONS REGARDING VIOLATIONS OF LAW OR POLICIES OF FREESCALE. From your
Separation Date, and for as long thereafter as will be reasonably necessary, you agree to cooperate fully with Freescale, taking into account any new employment obligations, in any investigation, negotiation, litigation or other action arising out
of transactions in which you were involved or of which you had knowledge during your employment by Freescale. If you incur any business expenses in the course of performing your obligations under this section, you will be reimbursed for the full
amount of all reasonable expenses upon your submission of adequate receipts confirming that such expenses actually were incurred. 
 You represent and
warrant that as of the time of your execution of this Agreement you are aware of no matters (other than matters that have previously been reported to Freescale) attributable to Freescale or any of its employees, agents, contractors, directors, Board
of Director members, or officers involving: (a) unlawful practices or conduct; (b) instances of financial misconduct or improper financial reporting; or (c) a material violation of any Freescale policy, including but not limited to
any policy relating to integrity, honesty, or ethical conduct. You acknowledge that these representations must be true and correct as of the time of your execution of this Agreement, and that your representations here are material to this Agreement
and to Freescale. 
 7. RETURN OF FREESCALE PROPERTY. You further agree, pursuant to your obligations to Freescale under the provisions of your
Assignment and Confidentiality Agreement, the Freescale Code of Business Conduct and Ethics, and the Freescale SOP entitled Information Classification and Protection (iCAP) to return to Freescale any Freescale property and confidential and/or
proprietary information, if any, that is still your possession, including but not limited to information stored electronically on computer hard drives or disks. 
 8. PROTECTION OF CONFIDENTIAL INFORMATION AND TRADE SECRETS. You agree to maintain the confidentiality of Freescale’s confidential or proprietary information and trade secrets in accordance with agreements previously signed by
you and with the law applicable to you as an officer of Freescale, including but not limited to state trade secret protection statutes and your common law fiduciary duty and duty of loyalty, except as otherwise required by law or in any judicial or
administrative process with subpoena power. Nothing in this Agreement is intended to prohibit you from disclosing information about Freescale, its customers, successors or assigns, or its affiliated entities, or about its or their products, services
or business opportunities that is not confidential or proprietary. You will give Freescale reasonable advance written notice of your intent to disclose any potentially confidential information obtained by you as a result of your employment by
Freescale. You agree to keep the terms of this Agreement confidential, unless required by law to disclose this information. You may provide this Agreement to your attorney, banker or financial advisor, to anyone preparing your tax returns, or to a
prospective employer (with economic terms deleted). You may also disclose the terms of this Agreement to your spouse, but if you do so you are responsible for ensuring that he likewise abides by the confidentiality requirements of this section, and
that any violation by him of these requirements will be treated as a violation of this section by you. 
 9. NON-COMPETITION/NO SOLICITATION. By
signing this Agreement, you acknowledge the continuing applicability of the restrictive covenants that are part of the NQ Agreements and other equity agreements provided to you by Freescale in accordance with their terms. 
 10. BREACH OF AGREEMENT. 
 You acknowledge that Freescale’s
agreement to make the payment set forth in Section 2 above is conditioned upon your faithful performance of your obligations under this Agreement, and you agree to repay to Freescale the $1,225,000 received from Freescale under Section 2
if you breach any of your material obligations under this Agreement including but not limited to your obligations in Section 9 above; provided, however, that as to your obligations under Section 9, your restricted activity is limited to

  

 2 

 (1) those business entities listed on Schedule A to this Agreement (a “Schedule A
Competitor”); 
 (2) any successor to a Schedule A Competitor, whether by acquisition of substantially all of its assets or more
than 50% of its outstanding voting stock, or by merger (where you are then employed by the business formerly owned by the Schedule A Competitor, but not if you were already employed by a business entity that is not a Schedule A Competitor but
becomes such by reason of the acquisition or merger); 
 (3) any business entity that is not a Schedule A Competitor but has been in business
for at least three consecutive years, but first beginning in the microcontroller business in December, 2006 or after, and has generated more than $250 million in annual revenues from its microcontroller business; and 
 (4) any business entity that is not a Schedule A Competitor but has total annual revenues of $2 billion or more, and enters the microcontroller business
in December, 2008 or after. 
 No forfeiture shall occur unless and until Freescale notifies you in writing that it reasonably believes that a violation has
occurred, with specific details, and you fail to cure or otherwise resolve the violation or alleged violation within 20 (twenty) business days of receiving written notice. Further, nothing in this section will preclude you from contesting
forfeiture. 
 11. NON-ADMISSION/GENERAL RELEASE. You, for yourself, your spouse, your agents, attorneys, heirs, administrators, executors and
assigns, and anyone acting or claiming on your or their joint or several behalf, hereby waive, release and forever discharge Freescale, its present and former employees, officers, directors, agents, parents, affiliates, subsidiaries, insurers,
predecessors, successors, and assigns, the Freescale Board of Directors, its agents, successors, affiliates, and assigns, and anyone acting on their joint or several behalf (the “Releasees”), from and on any and all known or unknown
claims, causes of action, demands, damages, costs, expenses, liabilities, grievances, or other losses whatsoever that in any way arise from, grow out of or are related to events or circumstances that occurred prior to the date of your execution of
this Agreement, including but not limited to any matter that relates to your employment with Freescale or the termination thereof. 
 You agree that the
claims that you are waiving, releasing, and discharging include, but are not limited to, those arising from (a) any federal, state, or municipal civil rights, anti-discrimination, employment-related law, statute, or ordinance; or (b) any
federal, state, or municipal law, statute, ordinance, or common law doctrine regarding (i) the existence or breach of oral or written contracts or employment, including your offer of employment, and any retention, or other similar agreements
(ii) defamation or slander, (iii) negligent or intentional misrepresentations, (iv) wrongful discharge, (v) interference with contract, (vi) negligent or intentional infliction of emotional distress, (vii) violation of
public policy, (viii) retaliation, (ix) promissory estoppel, (x) harassment, (xi) whistle blowing, or (xii) unpaid wages. By way of example, this release covers any and all claims arising under the Age Discrimination in
Employment Act, the Older Workers Benefit Protection Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Equal Pay Act, the Family and Medical Leave Act, the National Labor Relations Act, the Fair Labor Standards
Act, and any other federal, local or common laws regarding rights or claims relating to employment. Specifically included in this General Release is any claim by you for additional payments under Section 4.2(a) of the CIC Plan. Conversely, this
General Release does not waive your right to continued benefits under Section 4.3 of the CIC Plan. You further understand that by signing this General Release you are not releasing any accrued and vested rights you have under Freescale benefit
plans that survive separation from employment under the terms of the plans; any rights that cannot be waived by law, including the right to file an administrative charge of discrimination or unfair labor practice charge; or any rights that arise
under this Agreement or your rights to indemnification to the full extent provided by the bylaws of Freescale and any applicable policies of insurance as a former officer or director 
  

 3 

 Freescale acknowledges that as of the date of this Agreement, it is not aware of any claim or cause of action against you
(a) arising out of or relating to your employment or termination from employment; (b) arising out of or relating to the areas described in Section 6 of this Agreement; or (c) arising out of or relating to the Investors Agreement,
the Freescale Holdings 2006 Management Incentive Plan or the NQ Agreements. 
 12. CONDITIONS OF AGREEMENT. You agree that you are signing this
Agreement knowingly and voluntarily, that you have not been coerced or threatened into signing this Agreement and that you have not been promised anything else in exchange for signing this Agreement. You agree that if any part of this Agreement is
found to be illegal or invalid, the rest of the Agreement will still be enforceable. You further agree that you have had sufficient time (at least 21 days) to consider this Agreement and you are advised to consult with an attorney, and have
consulted with counsel before signing below. 
 You understand and agree that Freescale is not providing you with any personal tax advice and that you should
consult with your personal tax adviser regarding the tax consequences of this Agreement. This Agreement will not become effective or enforceable until seven days after you sign it, and that during this seven day period you can revoke it if you wish,
by delivering a signed revocation letter within the seven-day period to Larry Parsons, Vice President, Business Conduct and Ethics, 7700 West Parmer Lane, MD: PL02, Austin, Texas 78729. 
  

							
	PAUL GRIMME	 		 	FREESCALE SEMICONDUCTOR, INC.
				
	 /s/ PAUL GRIMME
	 		 	By:	 	 /s/ Michel Cadieux

		 		 		 	Michel Cadieux
	Date: December 9, 2008	 		 		 	Senior Vice President,
		 		 		 	Human Resources
			
		 		 	Date: December 9, 2008

  

 4 

 EXHIBIT A 
 CONSULTING SERVICES AGREEMENT 
 This Consulting Services Agreement (“Agreement”) is entered
into between Freescale Semiconductor, Inc., a Delaware Corporation headquartered at 6501 William Cannon Drive West, Austin, Texas, 78735 (“Freescale”) and Paul Grimme (“Consultant”). In consideration of the mutual
promises contained in this Agreement and other valuable consideration, the parties agree as follows: 
 1. TERM. This Agreement will
begin on December 1, 2008 and will end December 31, 2009, unless ended earlier as described in Section 3 below. 
 2.
STATEMENT OF SERVICES. Consultant agrees to make available to Freescale during the term of this Agreement consulting services on projects as assigned by Fred Glasgow, Vice President and Acting General Manager, Microcontroller Solutions Group,
and by Rich Beyer, Chairman of the Board and Chief Executive Officer. The primary focus of Consultant’s services will be issues related to the leadership transition in the Microcontroller Solutions Group, but he may also be asked to assist with
other projects as reasonably determined by Freescale and consistent with Consultant’s background and expertise. Consultant’s deliverables will include but will not be limited to the areas summarized in the Statement of Work appended as
Attachment A to this Agreement. This Agreement shall not preclude Consultant from providing services to non-Freescale entities so long as he is reasonably available to perform his services under this Agreement, unless such work is prohibited by
paragraphs 7 or 8 of this Agreement. It is understood that the consulting services hereunder will be reasonably requested so as to not interfere with Consultant’s other employment or consulting obligations. 
 3. PAYMENT. Freescale will pay Consultant a flat fee of $525,000 (Five Hundred Twenty-Five Thousand Dollars) for the services provided during the
term of this Agreement. Freescale will make this payment to Consultant on or before December 30, 2008. Consultant will be reimbursed for all reasonable expenses, which are necessary for and incident to the performance of services under this
Agreement. Expenses must be justified in accordance with Freescale’s reimbursement request requirements. 

 Should Consultant violate Section 10 of the Separation and Release Agreement (subject to the cure provision in that
section) executed contemporaneously with this Agreement, Freescale may terminate this Agreement immediately and require Consultant to repay a pro rata portion of the payment for services described above based upon the number of days from the date of
termination through December 31, 2009. 
 4. RECORDS, REPORTS AND INFORMATION. Consultant agrees to furnish Freescale with
reports and information regarding the services covered by this Agreement at such times and as often as Freescale may reasonably request and consistent with any other obligations Consultant has. 
 5. INDEPENDENT CONTRACTOR. Consultant will perform the consulting services described in this Agreement as an independent contractor and not as an
employee of Freescale. Neither Consultant nor Freescale will represent directly or indirectly that Consultant is an agent, employee or legal representative of Freescale. Consultant will not have the authority to incur any liabilities or obligations
of any kind in the name of or on behalf of Freescale. In addition to all other obligations in this Agreement, Consultant agrees to proceed with diligence and promptness and warrants that the services will be performed in accordance with the highest
professional standards to the satisfaction of Freescale. As an independent contractor, Consultant will solely control and direct the mode, manner, method and means used by Consultant in the performance of services. Consultant will indemnify and hold
Freescale harmless from any loss or liability arising from the performance of Consultant’s services under this Agreement. 
 6. NO
EMPLOYEE BENEFITS. Consultant acknowledges and agrees that he will not be entitled to receive employee benefits of any kind from Freescale as a result of performing work pursuant to this Agreement. Consultant is excluded from participating in
any profit sharing, retirement, equity, welfare or fringe benefit plans or programs as a result of the performance of services under this Agreement, pursuant to the terms of the applicable plans. 
 7. CODE OF BUSINESS CONDUCT AND ETHICS. Notwithstanding Consultant’s status as an independent contractor, Consultant agrees to conduct
himself on behalf of Freescale in accordance with the relevant sections of Freescale’s Code of Business Conduct and Ethics (the “Code”). Should Consultant require interpretation of any section of the Code, he can obtain it by
contacting Freescale’s Vice President, Business Conduct and Ethics (currently Larry Parsons). 
  

 6 

 8. PROTECTION OF FREESCALE’S BUSINESS. Except as required to perform services under this
Agreement, Consultant will not use, publish or otherwise disclose to others, during the term of this Agreement and after termination, any confidential information of Freescale or its customers or suppliers, obtained during the term of this
Agreement, and will take all reasonable precautions to prevent disclosure of the confidential information to any unauthorized persons or entities. 
 9. WRITINGS AND OTHER DATA TO BECOME PROPERTY OF FREESCALE. Consultant agrees that all notes, writings, drawings, designs, analyses, memoranda and other data prepared and/or produced by Consultant in the performance of this Agreement
will be the sole property of Freescale, including all rights, title and interest of whatever kind, and will not be disclosed to any other person or firm by Consultant. Upon termination of this Agreement, Consultant will return to an appropriate
Freescale representative all of the above, and any other Freescale property or records which relate to the business of Freescale. 
 10.
TAX TREATMENT. Consultant and Freescale agree that Freescale will treat Consultant as an independent contractor for purposes of all tax laws (local, state and federal) and file forms consistent with that status. Consultant agrees, as an
independent contractor, that he will not be entitled to unemployment benefits in the event this Agreement terminates, or workers’ compensation benefits in the event that Consultant is injured in any manner while performing obligations under
this Agreement. Consultant will be solely responsible to pay any and all local, state and/or federal income, social security and unemployment taxes for Consultant. Consultant further agrees to indemnify Freescale for any taxes, penalties
and/or attorney’s fees incurred by Freescale as a result of the failure to pay taxes on any amounts received by Consultant under this Agreement. 
 11. NOTICES. Any notice, request or other communication required to be given under this Agreement will be in writing and will be deemed to have been given (i) when delivered in person, (ii) five days
after being deposited in the mail, certified or registered, postage prepaid, return receipt requested, or (iii) one business day after being delivered to a reputable overnight courier, delivery charges prepaid. Except as changed by notice in
writing to the other party, notices will be provided to the following addresses: 
  

			
	To Freescale:	  	To the Consultant:
		
	Michel Cadieux	  	Paul Grimme
	Freescale Semiconductor Inc.,	  	6112 Rickerhill Lane
	6501 William Cannon Drive West	  	Austin, Texas 78749
	Austin, Texas 78735	  	

  

 7 

 12. ASSIGNMENT. Neither party may assign its rights or obligations under this Agreement without
the prior written consent of the other party. 
 13. SEVERABILITY. In the event any provision of this Agreement is determined invalid
or unenforceable, that determination will not affect the other provisions of this Agreement, which will remain in full force and effect. 
 14. AMENDMENT. This Agreement will not be changed, modified, supplemented or amended except by express written agreement signed by Consultant and Freescale. 
 15. NO WAIVER. The failure of either party to execute a right or to require performance by the other party of any part of this Agreement will not
affect the full right to exercise any right or to require performance at any later time, nor will the waiver by either party of a breach of any provision of this Agreement constitute a waiver of any later breach of the same or any other provision.

 16. APPLICABLE LAW. This Agreement will be governed by and construed in accordance with the laws of the State of Texas without
regard to the conflict of laws provisions thereof. 
 17. COUNTERPARTS. This Agreement may be executed in counterparts, each of which
will be deemed an original and all of which together will be deemed one and the same agreement. 
 18. OPPORTUNITY TO EMPLOY COUNSEL.
Consultant has read and fully understands the terms and conditions set forth in this Agreement, has had time to reflect on and consider the benefits and consequences of entering into this Agreement, and has had the opportunity to review the terms
with his attorney. 
  

									
	CONSULTANT	 		 	FREESCALE SEMICONDUCTOR, INC.
					
	BY:	 	 /s/ Paul Grimme
	 		 	BY:	 	 /s/ Michel Cadieux

		 	Paul Grimme	 		 		 	Michel Cadieux
		 		 		 		 	 Senior Vice President,
 Human Resources

			
	Date: December 9, 2008	 		 	Date: December 9, 2008

  

 8 

 ATTACHMENT A 
 Statement of Work 
 Consulting services shall include projects related to the leadership transition in the
Microcontroller Solutions Group of Freescale such as: MSG organization structure, MSG new product development, MSG key personnel, tier 1 or tier 2 customer strategies, microcontroller marketing communications strategies. 
  

 9 

 SCHEDULE A 
 COMPETITORS 
 Renesas Technology 
 NEC 
 Infineon Technologies 
 Microchip Technology

 Fujitsu 
 Intel 
 Cypress Semiconductor 
 Atmel Corporation 
 Toshiba 
 Texas Instruments 
  

 10

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