Document:

EX-10.2

 Exhibit 10.2 
 CHANGE IN CONTROL AGREEMENT 
 THIS CHANGE IN CONTROL AGREEMENT (the
“Agreement”) is entered into effective as of October 26, 2011, by and between RF MICRO DEVICES, INC., a North Carolina corporation (the “Company”), and Hans Schwarz (the “Executive”). 

WHEREAS, the Executive is currently employed by the Company; and 

WHEREAS, the Company considers the establishment and maintenance of a sound and vital management group to be essential to protecting and
enhancing the best interests of the Company and its shareholders; and 
 WHEREAS, the Company has determined that the best
interests of the Company and its shareholders will be served by reinforcing and encouraging the continued dedication of the Executive to his assigned duties without distractions arising from a potential change in control of the Company; and

 WHEREAS, this Agreement is intended to remove such distractions and to reinforce the continued attention and dedication of
the Executive to his assigned duties; and 
 NOW, THEREFORE, in consideration of the mutual promises and agreements contained in
this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Executive and the Company hereby agree as follows: 
 1. Term of Agreement. This Agreement shall become effective on the date hereof and shall continue in effect until the earliest of (a) October 25, 2012, if no Change in Control has
occurred before that date; provided, however, that commencing on October 26, 2012 and each year thereafter, the term of this Agreement shall automatically be extended for an additional one year unless, not later than July 25 of such year,
the Company shall have given notice to the Executive that it does not wish to extend this Agreement (such initial period, as it may be extended as described in Section 1(a) herein, being referred to as the “Term”); (b) the
termination by either party of the Executive’s employment with the Company for any reason prior to a Change in Control; or (c) the expiration following a Change in Control of two years and the fulfillment by the Company and the Executive
of all of their obligations hereunder. Notice by the Company of its intention not to extend the term of this Agreement and its expiration at the end of the Term shall not constitute termination of employment and the Executive shall not be entitled
to the payment of benefits under Sections 4 and 5 unless he is otherwise entitled to such benefits pursuant to the terms herein. Furthermore, nothing in this Section 1 shall cause this Agreement to terminate before both the Company and the
Executive have fulfilled all of their obligations hereunder. 
 2. Change In Control. 

(a) No compensation shall be payable under this Agreement unless and until (i) there has been a Change in Control of the Company
while the Executive is still an employee of the Company and (ii) the Executive’s employment by the Company is terminated for a reason other than one or more of the circumstances specified in Section 3(a)(i) through (v).

 (b) For the purposes of this Agreement, a “Change in Control” of the Company shall
be deemed to have occurred on the first to occur of the following: 
 (i) The date any entity or person shall
have become the beneficial owner of, or shall have obtained voting control over, forty percent (40%) or more of the outstanding Common Stock of the Company; 

(ii) The date the shareholders of the Company approve a definitive agreement (A) to merge or consolidate the Company
with or into another corporation or other business entity (for these purposes, each, a “corporation”), in which the holders of the Company’s Common Stock immediately prior to the merger or consolidation have voting control over less
than sixty percent (60%) of the voting securities of the surviving corporation outstanding immediately after such merger or consolidation, or (B) to sell or otherwise dispose of all or substantially all the assets of the Company; or

 (iii) The date there shall have been a change in a majority of the Board of Directors of the Company within a
12-month period unless the nomination for election by the Company’s shareholders of each new director was approved by the vote of two-thirds of the directors then still in office who were in office at the beginning of the 12-month period.

 For purposes herein, the term “person” shall mean any individual, corporation, partnership, group, association or other person, as
such term is defined in Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), other than the Company, a subsidiary of the Company or any employee benefit plan(s) sponsored
or maintained by the Company or any subsidiary thereof, and the term “beneficial owner” shall have the meaning given the term in Rule 13d-3 under the Exchange Act. 
 3. Termination Following Change In Control. 
 (a) Termination.
If a Change in Control of the Company shall have occurred while the Executive is still an employee of the Company, the Executive shall be entitled to the payments provided in Sections 4 and 5 herein upon the termination of the Executive’s
employment with the Company within the twenty-four (24) month period following a Change in Control, whether such termination is by the Executive or by the Company, unless such termination is as a result of (i) the Executive’s
death; (ii) the Executive’s Disability (as defined in Section 3(b) below); (iii) the Executive’s Retirement (as defined in Section 3(c) below); (iv) the Executive’s termination of employment by the Company for
Cause (as defined in Section 3(d) below); or (v) the Executive’s decision to terminate employment other than for Good Reason (as defined in Section 3(e) below). For purposes of this Agreement, the twenty-four (24) month
period following a Change in Control shall be referred to as the “Termination Period.” 
 (b) Death or
Disability. 
 (i) Disability. In the event that the Executive’s employment terminates because of
Disability, the Company shall have no obligation or liability to the Executive pursuant to this Agreement by reason of such termination (except as may be otherwise provided in Section 4(d) herein) and this Agreement shall terminate upon the
Executive’s termination of employment due to Disability; provided, however, that the Executive’s 

  
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termination of employment due to Disability shall be effective only at the end of thirty (30) days following the delivery of a Notice of Termination (as defined in Section 3(f) below)
due to Disability by the Company to the Executive and only if Executive fails to return to the full-time performance of duties by the end of such 30-day notice period. For the purposes of this Agreement, “Disability” shall mean a physical
or mental illness or injury that prevents the Executive from performing the essential functions of his duties (as they existed immediately before the illness or injury) on a full-time basis for a period of at least six (6) consecutive months.
The Board of Directors of the Company (the “Board”) shall have sole authority to determine if a Disability exists. 
 (ii) Death. This Agreement shall terminate immediately in the event of the death of the Executive occurring at any time during the Term hereof, and in such event the Company shall have no
obligation or liability to the Executive or his legal representatives by reason of such termination (except as may be otherwise provided in Section 4(d) herein). 
 (c) Retirement. In the event that the Executive’s employment terminates due to his Retirement, the Company shall have no obligation or liability to the Executive pursuant to this Agreement
upon such termination (except as otherwise provided in Section 4(d) herein), and the Agreement shall terminate upon the Executive’s termination of employment due to such Retirement. “Retirement” as used in this Agreement shall
mean the earlier to occur of (i) the Executive’s normal retirement date under the Company’s tax-qualified retirement plan or any successor plan thereto applicable to the Executive or (ii) the Executive’s retirement date
under a contract, if any, between the Executive and the Company providing for his retirement from the employment of the Company or an Affiliate (as defined in Section 11(a) herein) on a date other than such normal retirement date. 

(d) Cause. 
 (i) If the Executive’s employment with the Company is terminated for Cause, the Company shall have no obligation or liability to the Executive under this Agreement (except as may be otherwise
specifically provided herein), and this Agreement shall terminate upon the Executive’s termination of employment for Cause. 
 (ii) For purposes of this Agreement, “Cause” shall mean the occurrence of any one or more of the following: 

(A) The willful and continued failure of the Executive to perform his duties with the Company (other than any such failure
resulting from the Executive’s incapacity due to physical or mental illness or any such failure after the Executive has received a Notice of Termination without Cause by the Company or has delivered a Notice of Termination for Good Reason to
the Company) which has not been corrected within thirty (30) days after a written demand for performance is delivered to the Executive by the Board which specifically identifies the manner in which the Board believes that the Executive has not
substantially performed the Executive’s duties; 
 (B) The Executive’s willfully or recklessly engaging
in conduct that damages the business or reputation of Company or any Affiliate; 

  
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 (C) The conviction of the Executive by a court of competent jurisdiction of,
or a plea by the Executive of “guilty” or “no contest” to, a felony, or any misdemeanor that involves moral turpitude; 
 (D) The Executive’s engaging in any act of fraud, theft, misappropriation, embezzlement or dishonesty to the material detriment of the Company; 

(E) Any diversion by the Executive of a material business opportunity from the Company for his own personal benefit
without written consent of the Board that continues for a period of thirty (30) days after written notice from the Company to the Executive; 
 (F) Any willful breach by the Executive of a material term of this Agreement (including but not limited to, any covenant contained in Section 9 of this Agreement) that continues for a period of
thirty (30) days after written notice from the Company to the Executive; 
 (G) The repeated use of alcohol
by the Executive in a manner that materially interferes with the performance of his duties or the illegal use by the Executive of a “controlled substance” (as defined in the North Carolina Controlled Substance Act, N.C. Gen. Stat., Chapter
90, Section 86 to 113.8); 
 (H) Any willful and material violation of any provision of the Company’s
Corporate Governance Guidelines, the Company’s Code of Business Conduct and Ethics and other similar codes, policies and guidelines adopted from time to time by the Board (including, but not limited to, those policies related to equal
employment opportunity and harassment); or 
 (I) The Executive’s willful and material violation of the
requirements of the Sarbanes-Oxley Act of 2002 or any other federal or state securities law, rule or regulation, including, without limitation, the Executive’s engagement in any willful conduct that results in the Executive’s obligation to
reimburse the Company for the amount of any bonus, incentive-based compensation, equity-based compensation, profits realized from the sale of the Company’s securities or other compensation pursuant to application of the provisions of
Section 304 of the Sarbanes-Oxley Act of 2002. 
 Cause shall be determined solely by the Board in the exercise of good faith and
reasonable judgment; provided, however, that the Executive shall retain the right to contest any determination of Cause through appropriate legal means. For purposes of this provision, no act or failure to act on the part of the Executive shall be
considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or without a reasonable belief that the Executive’s action or omission was in the best interests of the Company. Cause shall not include the
Executive’s Disability. 

  
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 (e) Good Reason. The Executive may terminate his employment for Good Reason at any
time after a Change of Control during the Termination Period. For purposes of this Agreement, “Good Reason” shall mean any of the following: 
 (i) Any material reduction by the Company without the Executive’s written consent in the Executive’s basic duties and responsibilities; 

(ii) Any material reduction by the Company of the Executive’s base salary, other than a reduction in accordance with
the Executive’s written consent or that is part of a salary reduction plan implemented by the Board and applicable on a proportionate basis to all officers or all employees, as the case may be (and not the Executive singly); 

(iii) Any failure by the Company to continue the Executive’s ability to participate in (A) the Company’s
2003 Stock Incentive Plan or any other equity-based compensation plans established by the Company for the benefit of key employees, (B) any tax-qualified retirement plans sponsored by the Company for the benefit of its employees and any
non-qualified deferred compensation plans or arrangements sponsored by the Company for the benefit of certain key employees, or (C) any welfare benefit plans and arrangements sponsored from time to time by the Company for the benefit of its
employees, including, without limitation, any life insurance, accident, disability, medical, vision, prescription drug, vacation, sick leave and dental plans, policies or arrangements which are generally available to the employees of the Company
(“Welfare Benefit Plans”) and all other similar plans or arrangements which are from time to time made generally available to officers of the Company and in which the Executive participates, unless there are substituted therefor plans or
arrangements providing the Executive with essentially equivalent and no less favorable benefits, or any action or inaction by the Company that would adversely affect the Executive’s participation in or materially reduce the Executive’s
benefits under any such plan or successor plan or deprive the Executive of any material fringe benefit enjoyed by the Executive; provided, however, that (X) a reduction in the Executive’s Cash Bonus Plan (“Cash Bonus Plan”) or
successor cash incentive compensation plan payments due to the failure to attain certain performance-based objectives, (Y) a reduction in the Executive’s benefits due to the Company’s decision to discontinue the availability of or
modify or amend any plan or arrangement for all officers or all employees, as the case may be (and not the Executive singly) or (Z) the substitution for any incentive or bonus plan of an alternate plan or arrangement having a reasonably
equivalent opportunity to earn payments comparable to those earned under the current plans, shall not be deemed to constitute “Good Reason” under this Section 3(e)(iii); 

(iv) A relocation of the Company’s principal executive offices to a location in excess of thirty (30) miles from
Greensboro, North Carolina without the Executive’s express written consent; 
 (v) Any material reduction in
the number of paid vacation days to which the Executive is entitled at the time of the Change in Control of the Company (other than a reduction with the Executive’s written consent); or 

(vi) Any failure of the Company without the Executive’s written consent to obtain the assumption of this Agreement by
any successor or assignee of the Company (and parent corporation of such successor or assignee, if applicable), as provided in Section 11(a) herein. 

  
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 Notwithstanding the foregoing, the occurrence of an event that would otherwise constitute Good Reason under
this Section 3(e) shall cease to be an event constituting Good Reason if the Executive fails to provide the Company with notice of the occurrence of any of the foregoing within the thirty (30) day period immediately following the date on
which the Executive first becomes aware of the occurrence of such event or the last occurrence of any event, which taken together with any other event, is alleged to constitute Good Reason. 

(f) Notice of Termination. Any termination of the Executive’s employment (i) by the Company due to Disability,
Retirement or for Cause or (ii) by the Executive for Good Reason shall be communicated by a Notice of Termination. For purposes of this Agreement, a “Notice of Termination” shall mean a written notice which shall indicate those
specific termination provisions in this Agreement relied upon and which sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provisions so indicated. For
purposes of this Agreement, no such purported termination by the Company or the Executive shall be effective without such Notice of Termination. 
 (g) Date of Termination. “Date of Termination” shall mean (i) if the Executive is terminated by the Company for Disability, 30 days after Notice of Termination is given to the
Executive (provided that the Executive shall not have returned to the performance of the Executive’s duties on a full-time basis during such 30-day period); (ii) if the Executive is terminated by the Company for any other reason, the date
on which a Notice of Termination is given (or such later date as is specified in such notice); or (iii) if the Executive terminates for Good Reason, the date on which a Notice of Termination is given (or such later date as is specified in such
notice). 
 4. Payment of Compensation upon Termination of Employment. If, during the Termination Period, the
employment of the Executive shall terminate pursuant to a “Qualifying Termination” (as defined herein), then the Company shall provide to the Executive the payments described in this Section 4 and, if applicable, Section 5. For
the purposes of the Agreement, a “Qualifying Termination” means (i) the Company’s termination of the Executive’s employment other than because of death, Disability, Retirement or for Cause, as provided in Sections
3(b), 3(c) and 3(d) herein, or (ii) the Executive’s termination of his employment for Good Reason pursuant to Section 3(e) herein. 
 (a) Cash Payments. If, during the Termination Period, the employment of the Executive shall terminate pursuant to a Qualifying Termination, then the Company shall provide to the Executive the
following cash payments: 
 (i) Within thirty (30) days following the Date of Termination (or such earlier
date, if any, as may be required under applicable wage payment laws), a lump-sum cash amount equal to the sum of (A) the Executive’s accrued but unpaid base salary through the Date of Termination and any bonus amounts which have been
earned or become payable, to the extent not theretofore paid or deferred, (B) a pro rata portion of the Executive’s annual bonus for the fiscal year in which the Executive’s Date of Termination occurs in an amount at least equal to
(1) the Executive’s Bonus Amount (as defined below), multiplied by (2) a fraction, the numerator of which is the number of days in the fiscal year in which the Date of Termination occurs through the Date of Termination and the
denominator of which is three hundred sixty-five (365), and reduced by (3) any amounts paid from the Company’s incentive plan for the fiscal year in which 

  
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the Executive’s Date of Termination occurs and (C) any accrued vacation pay, to the extent not theretofore paid. The lump-sum cash payment to be made to the Executive pursuant to this
Section 4(a)(i) is intended to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and all guidance promulgated thereunder, including the final Treasury Regulations (collectively, “Code
Section 409A”), under the exemption found in Regulation Section 1.409A-(b)(4) for short-term deferrals. 
 (ii) A severance benefit (the “Severance Benefit”) payable in accordance with the provisions of this Section 4(a)(ii) equal to the sum of (i) one (1) times the Executive’s
highest annual rate of base salary during the 12-month period immediately prior to Executive’s Date of Termination, plus (ii) one (1) times the Executive’s Bonus Amount. That portion of the Severance Benefit payable to the
Executive pursuant to this Section 4(a)(ii) that exceeds the “separation pay limit,” if any, shall be paid to the Executive in a lump sum payment within thirty (30) days following the Date of Termination (or such earlier
date, if any, as may be required under applicable wage payment laws). The “separation pay limit” shall mean two (2) times the lesser of: (1) the sum of the Executive’s annualized compensation based upon the annual rate of
pay for services provided to the Company for the calendar year immediately preceding the calendar year in which the Executive’s Date of Termination occurs (adjusted for any increase during that calendar year that was expected to continue
indefinitely if the Executive had not terminated employment); and (2) the maximum dollar amount of compensation that may be taken into account under a tax-qualified retirement plan under Code Section 401(a)(17) for the year in which his
Date of Termination occurs. The lump-sum payment to be made to the Executive pursuant to this Section 4(a)(ii) is intended to be exempt from Code Section 409A under the exemption found in Regulation Section 1.409A-(b)(4) for
short-term deferrals. The remaining portion of the Severance Benefit payable to the Executive pursuant to this Section 4(a)(ii) shall be paid in periodic installments over the Compensation Period (as defined herein) in accordance with the
normal payroll practices of the Company. Notwithstanding the foregoing, in no event shall such remaining portion of the Severance Benefit be paid to the Executive later than December 31 of the second calendar year following the calendar year in
which Executive’s Termination Date occurs. The payments to be made to the Executive pursuant to the immediately preceding sentence of this Section 4(a)(ii) are intended to be exempt from Code Section 409A under the exemption found in
Regulation Section 1.409A-(b)(9)(iii) for separation pay plans (i.e., the so-called “two times” pay exemption). 
 (iii) For purposes of this Section 4(a), “Bonus Amount” shall mean the Executive’s target annual bonus opportunity as defined in the Company’s Cash Bonus Plan or successor cash
incentive compensation plan for the year in which his Date of Termination occurs. The one (1) year period following the Qualifying Termination of the Executive for which the benefits provided pursuant to Section 4(a) and 4(b) shall be or
shall have been provided is referred to herein as the “Compensation Period.” 
 (b) Continued Coverage. If,
during the Termination Period, the employment of the Executive shall terminate pursuant to a Qualifying Termination, the Executive shall be entitled to the following special benefits: 

(i) The Executive shall be entitled to participate (treating the Executive as an active employee for this purpose) in the
group health plan or program and the group 

  
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dental plan or program (in each case whether insured or self-insured, or any combination thereof) provided by the Company for the benefit of its active employees and their dependents (the
“Company Health Care Plan”) during the Compensation Period (the “Continuation Coverage”). The Company shall use its best efforts to provide the Executive and his dependents with the Continuation Coverage under the Company Health
Care Plan, including, if necessary, amending the applicable provisions of the Company Health Care Plan and negotiating the addition of any necessary riders to any group health insurance contract. During the Compensation Period, the Executive shall
pay the entire premium required for the Continuation Coverage under the Company Health Care Plan. The premium required for the Continuation Coverage during the first eighteen (18) months of the Compensation Period (or the entire Compensation
Period if the duration of the Compensation Period is less than eighteen (18) months) shall be equal to the premium required by the continuation of coverage requirements of Section 4980B of the Code and Part 6 of Title I of the Employee
Retirement Income Security Act of 1974, as amended (“COBRA”), for such Continuation Coverage (the “COBRA Rate”). During the remainder of the Compensation Period, if any, the premium required for the Continuation Coverage shall be
the greater of the COBRA Rate or the actuarially determined cost of the Continuation Coverage as determined by an actuary selected by the Company. 
 (ii) If at any time during the Compensation Period the Company is unable for whatever reason to provide the Executive with the Continuation Coverage under the Company Health Care Plan, the Company shall
use its best efforts to provide the Executive coverage under an individual policy of health insurance (the “Individual Health Care Policy”) providing coverage which is substantially identical to the Continuation Coverage to be provided
under the Company Health Care Plan. In such event, the Executive shall pay the entire premium charged for coverage of the Executive and his dependents under the Individual Health Care Policy. 

(iii) The Continuation Coverage provided to the Executive and his dependents pursuant to this Section 4(b) is
intended to satisfy the continuation of coverage requirements of COBRA. In the event that the period of Continuation Coverage expires prior to the end of the period of continuation coverage to which the Executive and his dependents would be entitled
under COBRA (the “COBRA Period”), the Executive and/or his dependents may elect continuation coverage under COBRA (“COBRA Coverage”) for the remainder of the COBRA Period. The Executive and/or his dependents shall be responsible
for paying the full amount of the premium charged for such COBRA Coverage under the Company Health Care Plan at the COBRA Rate. Notwithstanding the foregoing provisions of this subsection (iii), in the event that the Continuation Coverage for
whatever reason does not satisfy the continuation of coverage requirements of COBRA, the Executive and/or his dependents shall be entitled to elect COBRA Coverage in lieu of the Continuation Coverage described in this Section 4(b). In such
event, the Executive and/or his dependents shall be responsible for paying the full amount of the premium charged for such COBRA Coverage under the Company Health Care Plan at the COBRA Rate. 

(iv) During the Compensation Period, the Company shall pay to the Executive a monthly special benefit as determined
pursuant to the provisions of this subsection (iv) (the “Special Benefit”). The amount of the monthly Special Benefit shall be equal to that portion of the premium paid by the Executive for the Continuation Coverage that exceeds

  
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the amount required to be paid by an “active employee” for his share of the cost of family coverage. Such Special Benefit shall be paid to the Executive on the 20th day of each calendar
month during the Compensation Period, or within ten (10) business days thereafter. In addition, the Company shall pay to the Executive an annual special bonus equal to the amount necessary to pay any federal income tax, state income tax, or
other tax imposed upon the Executive as a result of the receipt of the Continuation Coverage and the Special Benefit payment provided for in this Section 4(b). For purposes of determining the amount of the annual special bonus, the Executive
shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation for individuals in the calendar year in which the special bonus is paid. In addition, the Executive shall be deemed to pay state income taxes at a
rate determined in accordance with the following formula: 
 (1 – (highest marginal rate of federal income taxation for
individuals)) X (highest marginal rate of income tax in the state in which the Executive is domiciled for individuals in the calendar year in which the special bonus is paid). 
 The amount of the special bonus shall be determined by the Company’s outside independent accountants. The determination of the accounting firm shall be final and binding on the Company and the
Executive. The special bonus shall be paid to the Executive in a single lump sum payment on or prior to December 31 of each calendar year during which the Continuation Coverage is provided pursuant to this Section 4(b). 

(v) In addition to participation in the Company Health Care Plan during the Compensation Period, the Executive shall as
permitted by Code Section 409A also be entitled to participate (treating the Executive as an “active” employee of the Company for this purpose) during the Compensation Period in the other Welfare Benefit Plans in which he participated
immediately prior to his Date of Termination and the benefits under such other Welfare Benefit Plans shall be made available under the same terms and conditions available to active employees (e.g., employee contributions are required for certain
benefits that are in effect for active employees who are similarly situated). Notwithstanding the foregoing, the Company shall be entitled to provide an alternate form of any particular benefit so long as such alternate form of benefit is
substantially equivalent and no lapses in coverage of the Executive result from such change in benefits. 
 (vi)
The Executive’s accrued benefits as of the Date of Termination under any other of the Company’s employee benefit plans shall be paid to the Executive in accordance with the terms of such plans. In addition, in the event of a Qualifying
Termination, the Company shall provide the Executive with one (1) additional year of service credit under all non-qualified retirement plans and excess benefit plans in which the Executive participated as of his Date of Termination. 

(c) Stock Awards. If, during the Termination Period, the employment of the Executive shall terminate pursuant to a Qualifying
Termination, then the following shall apply with respect to any stock-based awards granted by the Company. 

  
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 (i) Stock Options and Stock Appreciation Rights. All Company stock
options, stock appreciation rights or similar stock-based awards held by the Executive will be accelerated and exercisable in full as of the Date of Termination, without regard to the exercisability or vesting of such awards prior to the Date of
Termination. 
 (ii) Restricted Stock. All restrictions on any restricted stock awards, restricted stock
units, performance stock awards or similar stock-based awards granted by the Company, including without limitation any vesting or performance criteria, held by the Executive as of the Date of Termination shall be removed and such awards shall be
deemed vested and earned in full. 
 (d) Payments Due to Termination Other Than Qualifying Termination. If, during the
Termination Period, the Executive shall terminate other than by reason of a Qualifying Termination, then the Company shall pay to Executive within thirty (30) days following the Date of Termination (or such earlier date, if any, as may
be required under applicable wage payment laws) a lump-sum cash amount equal to the sum of (i) Executive’s accrued but unpaid base salary through the Date of Termination and any bonus amounts which have become payable, to the extent not
theretofore paid or deferred, and (ii) any accrued vacation pay, to the extent not theretofore paid. The Company may make such additional payments, and provide such additional benefits, to Executive as the Company and Executive may agree in
writing. The Executive’s accrued benefits as of the Date of Termination under the Company’s employee benefit plans shall be paid to Executive in accordance with the terms of such plans. 

5. Certain Additional Payments by the Company; Code Section 409A Matters. 

(a) Notwithstanding anything in this Agreement to the contrary and subject to the provisions of this Section 5 (including the Safe
Harbor Cap described in subsection (b), in the event that the Independent Accountants (as defined below) shall determine that any amount paid or distributed to the Executive pursuant to this Agreement (the “Agreement Payments”) shall, as a
result of a change in the ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company, constitute a parachute payment within the meaning of Section 280G of the Code, and the aggregate
of such parachute payments and any other amounts paid or distributed to the Executive from any other plans or arrangements maintained by the Company, or by any other member of the same affiliated group (as defined in Section 1504 of the Code
determined without regard to Section 1504(b)) which includes the Company (such other payments together with the Agreement Payments shall be referred to as the “Total Payments”), would more likely than not, in the opinion of the
Independent Accountants cause the Executive to be subject to the Excise Tax, the Company shall pay to the Executive an additional amount (the “Gross-Up Payment”), such that the net amount the Executive shall receive after the payment of
any Excise Tax shall equal the amount which he would have received if the Excise Tax had not been imposed. The Gross-Up Payment shall be determined by the Independent Accountants and shall equal the sum of the following: 

(1) The rate of the Excise Tax multiplied by the amount of the excess parachute payments; 

(2) Any federal income tax, social security tax, unemployment tax or Excise Tax imposed upon the Executive as a result of the Gross-Up
Payment required to be made under this Section 5; and 

  
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 (3) Any state income or other tax imposed upon the Executive as a result of the Gross-Up
Payment required to be made under this Section 5. 
 For purposes of determining the amount of the Gross-Up Payment, the Executive shall be
deemed to pay federal income taxes at the highest marginal rate of federal income taxation for individuals in the calendar year in which the Excise Tax is required to be paid. In addition, the Executive shall be deemed to pay state income taxes at a
rate determined in accordance with the following formula: 
 (1 - (highest marginal rate of federal income taxation for
individuals)) x (highest marginal rate of income tax in the state in which the Executive is domiciled for individuals in the calendar year in which the Excise Tax is required to be paid). 
 In the event the Executive is subject to the provisions of Section 68 of the Code, the combined federal and state income tax rate determined above shall be adjusted to reflect any loss in the federal
deduction for state income taxes on the Gross-Up Payment. 
 The Gross-Up Payment shall be paid to the Executive by the Company on or before the
date that the Executive is required to pay the Excise Tax; provided, however, that if the amount of such payment cannot be finally determined on or before such day, the Company shall pay to the Executive on such day an estimate, as determined in
good faith by the Company, of the minimum amount of such payment and shall pay the remainder of such payment (together with interest at the rate provided under Section 1274(b)(2)(B) of the Code) as soon as the amount can be determined but no
later than the thirtieth (30th) day after the date the Executive becomes subject to the payment of the Excise Tax. In the event that the Excise Tax is subsequently determined to be less than the amount taken into account hereunder at the time
the Gross-Up Payment is made, the Executive shall repay to the Company, as applicable, at the time that the amount of such reduction in Excise Tax is finally determined, the portion of the Gross-Up Payment attributable to such reduction (plus the
portion of the Gross-Up Payment attributable to the Excise Tax, federal and state taxes imposed on the Gross-Up Payment being repaid by the Executive, if such repayment results in a reduction in Excise Tax and/or a federal or state tax deduction)
plus interest on the amount of such repayment at the rate provided in Section 1274(b)(2)(B) of the Code. In the event that the Excise Tax is determined to exceed the amount taken into account hereunder at the time the Gross-Up Payment is made
(including by reason of any payment the existence or amount of which cannot be determined at the time of the Gross-Up Payment), the Company shall make an additional Gross-Up Payment in respect of such excess (plus any interest payable with respect
to such excess) at the time that the amount of such excess is finally determined, but in no event later than the last day of the calendar year following the calendar year in which the Executive is required to pay the Excise Tax. The parties agree
that the intent of this Section 5 is that the Executive shall be reimbursed for the Excise Tax on his excess parachute payments and all taxes on that reimbursement. The intended goal is to place the Executive in the same economic position as if
no Excise Tax had been imposed. The Company will retain an independent accounting firm (the “Independent Accountants”) acceptable to both the Company and the Executive (other than the Company’s regular independent auditors) to
calculate the amount of the Gross-Up Payment. All fees and expenses resulting from the retention of the Independent Accountants shall be paid by the Company. All determinations made by the Independent Accountants pursuant to this Section 5
shall be binding and conclusive on the Company and the Executive. 

  
 11 

 (b) Notwithstanding the foregoing provisions of Section 5(a), if it shall be determined
that the Executive is entitled to a Gross-Up Payment, but that the Total Payments would not be subject to the Excise Tax if the Total Payments were reduced by an amount that is less than five percent (5%) of the portion of the Total Payments
that would be treated as “parachute payments” under Section 280G of the Code, then the amounts payable to the Executive shall be reduced (but not below zero) to the maximum amount that could be paid to the Executive without giving
rise to the Excise Tax (the “Safe Harbor Cap”) and no Gross-Up Payment shall be made to the Executive. The Company shall determine what items of compensation shall be reduced and shall promptly notify the Executive of such determinations.
If an amount has been paid or distributed to the Executive which should not have been paid or distributed due to the required reduction, the Executive shall promptly return such amount to the Company (together with interest at the rate set forth in
Section 1274(b)(2)(B) of the Code). 
 (c) To the extent applicable, the parties hereto intend that this Agreement comply
with Code Section 409A including, if applicable, compliance with any exemptions from Code Section 409A. The parties hereby agree that this Agreement shall at all times be construed in a manner to comply with (or be exempt from) Code
Section 409A. Notwithstanding the amendment provisions of Section 13, the Company shall have unilateral authority to amend this Agreement if necessary to comply with, or be exempt from, Code Section 409A. The parties also agree that
in no event shall any payment required to be made pursuant to this Agreement that is considered deferred compensation within the meaning of Code Section 409A (and is not otherwise exempt from the provisions thereof) be accelerated or delayed in
violation of Code Section 409A. In addition, the parties agree that if (i) if the Executive is a key employee (as defined in Section 416(i) of the Code without regard to paragraph (5) thereof), then (ii) any payments that
are considered deferred compensation under Code Section 409A (and are not otherwise exempt from the provisions thereof) cannot be paid to the Executive until the lapse of six (6) months after his separation from service, (iii) any
such payments that would otherwise be paid within six (6) months after the Executive’s separation from service shall be paid in lump sum within ten (10) days after the lapse of such six (6) month period and all other payments
shall be made as would ordinarily have been made under the provisions of this Agreement. 
 6. Withholding. The
Company shall withhold from any amount payable to the Executive (or to his beneficiary or estate or any other person) hereunder all federal, state, local, foreign or other taxes that the Company may reasonably determine are required to be withheld
pursuant to any applicable law, rule or regulation. 
 7. No Right to Continued Employment. Nothing in this
Agreement shall be deemed to entitle Executive to continued employment with the Company or any of its Affiliates, and if Executive’s employment with the Company or an Affiliate shall terminate prior to a Change in Control, Executive shall have
no further rights under this Agreement (except as otherwise provided hereunder); provided, however, that, notwithstanding the foregoing, any termination of Executive’s employment during the Termination Period shall be subject to the provisions
of this Agreement. 
 8. Offset; No Obligation to Mitigate Damages. 

(a) Offset. The Company’s obligation to make any payments provided for in this Agreement and otherwise to perform its
obligations hereunder shall be subject to, and (subject to any Code Section 409A considerations) may be reduced by the amount related to, any right of set-off, counterclaim, recoupment, defense or other claim, right or action which the Company
may have against the Executive. 

  
 12 

 (b) No Obligation to Mitigate. In no event shall the Executive be obligated to seek
other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced whether or not the Executive obtains other employment (except
as otherwise provided in Section 4(b) with respect to the payment of welfare plan benefits). 
 9. Confidentiality;
Competition; Solicitation. 
 (a) Covenants of Executive. The Company and the Executive recognize that the
Executive’s services are special and unique and that the provisions herein for compensation under Section 4 and Section 5 are partly in consideration of and conditioned upon the Executive’s compliance with the covenants contained
in this Section 9. Accordingly, during the Term of the Agreement and, except as otherwise provided in this Section 9, following the Executive’s termination of employment, the Executive shall be subject to the covenants contained in
this Section 9. 
 (b) Assistance in Litigation. The Executive shall, upon reasonable notice, furnish such
information and assistance to the Company as may reasonably be required by the Company in connection with any investigation, inquiry, litigation or other proceeding in which it is or may become involved, and which arises out of facts and
circumstances known to the Executive (and without regard to whether the Executive is a party thereto), provided that such assistance shall not conflict or unreasonably interfere with the Executive’s post-Date of Termination personal or
professional commitments or obligations. The Company shall promptly reimburse the Executive for his out-of-pocket expenses incurred during his lifetime in connection with the fulfillment of his obligations under this Section 9(b), but in any
event no later than forty-five (45) days following the month in which the expense was incurred. The expenses eligible for reimbursement under this Section 9(b) in any calendar year shall not affect any expenses eligible for reimbursement
or in-kind benefits to be provided to the Executive in any other calendar year. The Executive’s rights under this Section 9(b) shall not be subject to liquidation or exchange for any other benefit. 

(c) Confidentiality. As a consequence of his unique position as an officer of the Company, the Executive acknowledges and agrees
that he will have broad access to confidential information, that confidential information will in fact be developed by him in the course of performing his duties and responsibilities under this Agreement, and that confidential information furnishes
a competitive advantage in many situations and constitutes, separately and in the aggregate, a valuable, special and unique asset of the Company. The Executive and the Company have agreed to certain understandings reflected in a separate
non-competition, confidentiality, invention or similar agreement or agreements, as such agreement or agreements may be further amended, modified or restated (collectively, the “ICN Agreement”). Among other things, the ICN Agreement
prohibits the Executive from the unauthorized disclosure of confidential information. The Executive agrees that the ICN Agreement shall be a part of this Agreement and the terms and provisions of the ICN Agreement are incorporated herein.

  
 13 

 (d) Non-Disparagement. The Executive shall not make any disparaging remarks, or any
remarks that could reasonably be construed as disparaging, regarding the Company, or its officers, directors, employees, shareholders, representatives or agents. 
 (e) Solicitation. The Executive acknowledges and confirms that the ICN Agreement prohibits him from soliciting the customers and employees of the Company and the Executive agrees to be bound by
such prohibitions. 
 (f) Non-Competition. The Executive acknowledges and agrees that the duties and responsibilities to
be performed by him for the Company are of a special and unusual character which have a unique value to the Company, the loss of which cannot be adequately compensated by damages in any action in law. The Executive further acknowledges and agrees
that the unique and proprietary knowledge and information possessed by, or which will be disclosed to, or developed by, the Executive in the course of his employment with the Company will be such that his breach of the covenants contained in this
Section 9(f) would immeasurably and irreparably damage the Company regardless of where in the Restricted Area (as defined below) the activities constituting such breach were to occur. Thus, the Executive acknowledges and agrees that it is both
reasonable and necessary for the covenants in this Section 9(f) to apply to the Executive’s activities throughout the Restricted Area and for the Restricted Period (as defined below). In recognition of the special and unusual character of
the duties and responsibilities of the Executive and as a material inducement to the Company to continue to employ the Executive in this special and unique capacity, the Executive covenants and agrees that, during the Term and thereafter during the
Restricted Period, the Executive shall not, on his own account or as an officer-level or executive-level employee or as a consultant to other officer-level or executive-level employees, directly or indirectly, in one or a series of transactions,
engage in or be engaged in, within the Restricted Area, the Business (as defined below) or any business which is competitive with the Business. Notwithstanding the foregoing, the parties acknowledge and agree that Executive’s employment or
engagement as an officer-level or executive-level employee or as a consultant to other officer-level or executive-level employees, of an affiliate, division or business unit of an entity that is not itself engaged in the Business or any business
which is competitive with the Business will not violate this Section 9(f) even if another affiliate, business unit or division of such entity is so engaged in the Business or any business which is competitive with the Business. For purposes of
this Section 9(f), the following terms shall have the following meanings: 
 (i)
“Business” means any business engaged in, any service provided by, or any product produced by the Company, including, but not limited to, the business of designing, developing, manufacturing and marketing radio frequency
components and system solutions for mobile communications applications. 
 (ii) “Restricted Area” means
the United States of America. 
 (iii) “Restricted Period” means the Term and the Compensation Period.

 (g) Removal of Materials. During the Term and at any time thereafter, and except as may be required or deemed
necessary or appropriate in connection with the performance by the Executive of his duties as an employee of the Company, the Executive shall not copy, dispose of or remove from the Company any customer or client lists, software, computer programs
or other digital intellectual property, books, records, forms, data, manuals, handbooks or any other papers or writings belonging to the Company. 

  
 14 

 (h) Failure to Comply. In the event that the Executive shall fail to comply with any
provision of this Section 9, and such failure shall continue for ten (10) days following delivery of notice thereof by the Company to the Executive, the Company shall have and may exercise any and all rights and remedies available to the
Company at law or otherwise, including but not limited to recovery of money damages and exercising any other rights or remedies available at law to a non-breaching party and obtaining an injunction from a court of competent jurisdiction enjoining
and restraining the Executive from committing such violation. The Executive hereby agrees to submit to the equitable jurisdiction of any court of competent jurisdiction, without reference to whether the Executive resides or does business in that
jurisdiction at the time such injunction is sought or entered. 
 (i) Reasonableness of Restrictions. The Executive and
the Company have each carefully read the provisions of this Section 9 and, having done so, agree that the restrictions set forth in this Section 9 (including, but not limited to, the Restricted Period restriction and the Restricted Area
restriction set forth in this Section 9) are fair and necessary to prevent the Executive from unfairly taking advantage of contacts established, nurtured, serviced, enhanced or promoted and knowledge gained during the Executive’s
employment with the Company, and are necessary for the reasonable and proper protection of the Company’s interests. The Executive acknowledges that the covenants contained in this Section 9 will not cause an undue burden on the Executive.
Notwithstanding the foregoing, in the event any part of the covenants set forth in this Section 9 shall be held to be invalid or unenforceable, the remaining parts thereof shall nevertheless continue to be valid and enforceable as though the
invalid or unenforceable parts had not been included therein. In the event that any provision of this Section 9 shall be declared by a court of competent jurisdiction to be overbroad as written, the Executive specifically agrees that the court
should modify such provision in order to make it enforceable, and that a court should view each such provision as severable and enforce those severable provisions deemed reasonable by such court. 

(j) Notice of Covenants and Subsequent Employment. The Executive shall provide any subsequent employer with written notice of the
existence and terms of this Section 9 prior to commencing employment with any such subsequent employer. In addition, if so requested by the Company following the Executive’s Termination of employment, the Executive shall provide notice to
the Company of the name of any new employer and all positions held by the Executive with such employer. Any notice pursuant to this Section 9(j) shall not be required following the expiration of the Restricted Period. 

(k) Preclearance of Subsequent Employment. The Executive may seek a preclearance from the Company with respect to whether his
acceptance of any employment during the Restricted Period would constitute a violation of any of the terms of this Section 9 by providing the Company with a written notice (the “Preclearance Notice”) requesting such preclearance and
describing his intent to accept employment with a new employer, which Preclearance Notice shall include the name of the prospective employer, the office, title and position the Executive intends to accept with such prospective employer, a
description of the expected major responsibilities and duties that Executive expects to have with such prospective employer and a description of the business engaged or to be engaged in by the business unit or division of the prospective employer to
which Executive would be assigned. Within ten (10)

  
 15 

 
days of its receipt of any Preclearance Notice, the Company shall provide Executive with a written notice as to its good faith position as to whether the prospective employment the Executive
intends to accept as described in the Preclearance Notice would or would not constitute a violation of any of the terms of this Section 9, and Executive shall be entitled to rely on the position so taken by the Company in determining whether to
accept the new employment. If the Company fails to provide Executive with written notice of its position within such ten-day period, the Company shall be deemed to have taken the position that such prospective employment by the Executive would not
constitute a violation of any of the terms of this Section 9. Any preclearance of new employment to the Executive provided or deemed provided by the Company pursuant to this Section 9(k) shall be limited to the employment activities as
described in the Preclearance Notice and the Company shall remain free to assert its rights under this Section 9 for any activities of Executive that are not described in such Preclearance Notice. 

10. Nonalienability. No right of or amount payable to the Executive under this Agreement shall be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, hypothecation, encumbrance, charge, execution, attachment, levy or similar process or to setoff against any obligations or to assignment by operation of law. Any attempt, voluntary or
involuntary, to effect any action specified in the immediately preceding sentence shall be void. However, this Section 10 shall not prohibit the Executive from designating one or more persons, on a form satisfactory to the Company, as
beneficiary to receive amounts payable to him under this Agreement in the event that he should die before receiving them. 

11. Successors and Assigns. 
 (a) The Company. As used in this Agreement, “Company” shall mean the Company as defined above and any successor or assignee to its business and/or assets as aforesaid which assumes the
obligations of the Company as provided under this Agreement or which otherwise becomes bound by all of the terms and provisions of this Agreement by operation of law. The Company and the Executive agree that this Agreement and all of the
Company’s rights and obligations hereunder may be assigned or transferred by the Company to and shall be assumed by and be binding upon any successor to the Company; provided, however, that the Company will not consolidate or merge into or with
another person, or transfer all or a material part of its assets to another person (the “Successor Entity”) unless the Successor Entity shall assume this Agreement, and upon such assumption, the Executive and the Successor Entity shall
become obligated to perform the terms and conditions of this Agreement. If at any time during the term of this Agreement the Executive is employed by an Affiliate (as defined herein) of the Company, such indirect employment of the Executive by the
Company shall not excuse the Company from performing its obligations under this Agreement as if the Executive were directly employed by the Company, and the Company agrees that it shall pay or shall cause such employer to pay any amounts owed to the
Executive pursuant to Section 4 and Section 5 hereof, notwithstanding any such indirect employment relationship. For the purposes of this Agreement, an “Affiliate” of the Company shall mean a corporation or other entity a
majority of the voting securities of which is beneficially owned by the Company, or any other corporation or other entity controlling, controlled by, or under common control with the Company. 

(b) The Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal and legal
representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive should die while any amounts are still payable to him hereunder, all such amounts, unless otherwise provided herein, shall be paid
in accordance with the terms of this Agreement to the Executive’s beneficiary (in accordance with Section 10 herein) or, if there be no such beneficiary, to the Executive’s estate. 

  
 16 

 12. Waiver; Governing Law. The excuse or waiver of the performance of any
obligation under this Agreement shall only be effective if evidenced by a written statement signed by a duly authorized representative of the Company. No delay in exercising any right or remedy shall constitute a waiver thereof, and no waiver by
either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina, without regard to the conflict of laws provisions of any state. 

13. Entire Agreement; Amendment. This Agreement contains all of the terms agreed upon between the Executive and the Company
with respect to the subject matter hereof and, except as provided below, it supersedes all prior understandings and agreements between the Executive and the Company with respect to the matters contemplated in the Agreement. Without limiting the
effect of the foregoing, the Executive agrees that this Agreement satisfies any rights he may have had under any prior understanding or agreement between the Executive and the Company with respect to the subject matters described therein. The
Executive and the Company agree that no term, provision or condition of this Agreement shall be held to be altered, amended, changed or waived in any respect except as evidenced by written agreement of the Executive and the Company (except as
otherwise provided under Section 5(c) herein). Notwithstanding the foregoing or anything to the contrary in the Agreement, neither this Agreement nor any provision hereof shall supersede or otherwise limit the Executive’s or the
Company’s rights or obligations pursuant to the ICN Agreement. 
 14. No Trust Fund; Unfunded Obligation. The
obligation of the Company to make payments hereunder shall constitute an unsecured liability of the Company to the Executive. The Company shall not be required to establish or maintain any special or separate fund, or otherwise to segregate assets
to assure that such payments shall be made, and the Executive shall not have any interest in any particular assets of the Company by reason of its obligations hereunder. Nothing contained in this Agreement shall create or be construed as creating a
trust of any kind or any other fiduciary relationship between or among the Company, the Executive, or any other person. To the extent that any person acquires a right to receive payment from the Company, such right shall be no greater than the right
of an unsecured creditor of the Company. 

  
 17 

 15. Notices. For purposes of this
Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when delivered, one business day after being sent for overnight delivery by a nationally recognized
overnight courier or three business days after being mailed by United States registered mail, return-receipt requested, postage-prepaid, addressed as follows: 
  

							
		 	 If to the Company:
	 	
		 		 	RF Micro Devices, Inc.	 	
		 		 	7628 Thorndike Road	 	
		 		 	Greensboro, North Carolina 27409-9421
		 		 	Attention: Chief Financial Officer	 	
			
		 	 If to the Executive:
	 	
		 		 	Hans Schwarz	 	
		 		 	  
	 	
		 		 	  
	 	

 or such other address as either party have furnished to the other in writing in accordance herewith, except that notices
of change of address shall be effective only upon receipt. 
 16. Jurisdiction, Legal Fees and Expenses. Any
action to enforce any of the provisions of this Agreement shall be brought exclusively in a court of the State of North Carolina or in a Federal court located within the State of North Carolina, and by execution and delivery of this Agreement, the
Executive and the Company irrevocably consent to the exclusive jurisdiction of those courts and the Executive hereby submits to personal jurisdiction in the State of North Carolina (unless the Company elects to enforce its rights under
Section 9(h) in a different jurisdiction). The Executive and the Company irrevocably waive any objection, including any objection based on lack of jurisdiction, improper venue or forum non conveniens, which either may now or hereafter have to
the bringing of any action or proceeding in such jurisdiction in respect to this Agreement or any transaction related hereto. The Executive and the Company acknowledge and agree that any service of legal process by mail in the manner provided for
notices under this Agreement constitutes proper legal service of process under applicable law in any action or proceeding under or in respect to this Agreement. The Company and the Executive each agree to pay their own legal fees and related
expenses (including the costs of experts, evidence and counsel) reasonably and in good faith incurred by them in a claim for relief in any action brought to obtain or enforce any right or benefit provided in this Agreement; provided, that the
Executive shall be entitled to payment by the Company of all such fees and expenses paid by the Executive in instituting or defending any action if the court determines that the Executive substantially prevailed in any such action by or against the
Company. In addition, the Company and the Executive agree to pay interest on any money judgment or other award obtained by the other party as a result of any such claim, such interest being calculated at the rate of interest equal to the Prime Rate
as published in the Wall Street Journal from time to time from the date that payments to such party should have been made (under this Agreement or as a result of resolution of such claim); provided, however, that no such interest shall be paid to
the extent that interest already has been awarded to the prevailing party on such amounts. Any amounts required to be paid pursuant to this Section 16 shall be paid to the other party within 60 days of the final resolution of such claim giving
rise to such fees and expenses. The expenses eligible for reimbursement under this Section 16 in any calendar year shall not affect any expenses eligible for reimbursement or in-kind benefits to be provided to the Executive in any other
calendar year. The Executive’s rights under this Section 16 shall not be subject to liquidation or exchange for any other benefit. 
 17. Severability. If any provision of this Agreement shall be held invalid or unenforceable in whole or in part, such invalidity or unenforceability shall not affect any other provision of
this Agreement or part thereof, each of which shall remain in full force and effect. 

  
 18 

 18. Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
 19.
Captions; Gender. The headings and captions contained in the Agreement are intended for convenience of reference only and have no substantive significance. References to the masculine gender shall include references to the feminine
gender, and vice versa. 
 [Signature Page To Follow] 

  
 19 

 IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the date and
year first above written. 
  
  

			
	RF MICRO DEVICES, INC.
		
	 By:
	 	 /s/ ROBERT A. BRUGGEWORTH

	 Printed Name: ROBERT A. BRUGGEWORTH

	 Title: President and Chief Executive Officer

  

	
	 ATTEST:

	
	 /s/ WILLIAM A. PRIDDY, JR.

	 Secretary

	
	 [Corporate Seal]

  

	
	EXECUTIVE
	
	 /s/ HANS SCHWARZ

	Printed Name: HANS SCHWARZ

  
 20Exhibit 10.6

 Exhibit 10.6 

MERIDIAN BIOSCIENCE, INC. 
 2004 EQUITY COMPENSATION PLAN 

 TABLE OF CONTENTS 

 

					
	 Article 1 OBJECTIVES
	  	 	1	  
	 Article 2 DEFINITIONS
	  	 	1	  
	 Article 3 ADMINISTRATION
	  	 	4	  
	 Article 4 COMMON SHARES SUBJECT TO PLAN
	  	 	5	  
	 Article 5 DURATION OF PLAN
	  	 	7	  
	 Article 6 STOCK OPTIONS
	  	 	7	  
	 Article 7 STOCK APPRECIATION RIGHTS
	  	 	10	  
	 Article 8 RESTRICTED AND UNRESTRICTED STOCK AWARDS
	  	 	10	  
	 Article 9 PERFORMANCE AWARDS
	  	 	11	  
	 Article 10 OTHER STOCK UNIT AWARDS
	  	 	13	  
	 Article 11 TRANSFERABILITY OF AWARDS
	  	 	13	  
	 Article 12 TERMINATION OF AWARDS
	  	 	14	  
	 Article 13 DEFERRALS
	  	 	16	  
	 Article 14 TERMINATION OR AMENDMENT OF PLAN
	  	 	16	  
	 Article 15 GENERAL PROVISIONS
	  	 	16	  

  
 i 

 MERIDIAN BIOSCIENCE, INC. 

2004 EQUITY COMPENSATION PLAN 
 ARTICLE 1 
 OBJECTIVES 

Meridian Bioscience, Inc. established this 2004 Equity Compensation Plan effective December 7, 2004 (the
“Effective Date”). The Plan was Amended and Restated as of November 9, 2005 to reflect, among other things, changes in the number of Shares occasioned by the three-for-two split of the Common Shares which occurred September 2,
2005 and for other reasons on January 19, 2006 and January 22, 2008. The purposes of this Plan are to enable the Company and its Subsidiaries to compete successfully in retaining and attracting key employees, directors and advisors of
outstanding ability, to stimulate the efforts of such persons toward the Company’s objectives and to encourage the identification of their interests with those of the Company’s shareholders. 

ARTICLE 2 

DEFINITIONS 
 For purposes of this Plan, the following terms shall have the following meanings: 
 2.1. “Advisor” means anyone who provides bona fide advisory or consultation services to the Company other than the offer or sale of securities in a capital-raising transaction. 

2.2. “Award” means any one or more of the following: (a) Stock Options, (b) Stock Appreciation
Rights, in tandem with Stock Options or free-standing; (c) Restricted Stock; (d) Performance Awards; and (e) other awards based in whole or in part by reference to or otherwise based on the Company’s Common Shares, or other
securities of the Company or any Subsidiary. 
 2.3. “Award Agreement” means a written agreement
setting forth the terms of an Award. 
 2.4. “Award Date” or “Grant Date” means the date
designated by the Committee as the date upon which an Award is granted. 
 2.5. “Award Period” or
“Term” means the period beginning on an Award Date and ending on the expiration date of such Award. 

2.6. “Board” means the Board of Directors of the Company. 

2.7. “Code” means the Internal Revenue Code of 1986, as amended, or any successor legislation. 

2.8. “Committee” means the committee appointed by the Board and consisting of one or more Directors who qualify
as Non-Employee Directors as defined by Rule 

  
 1 

 
16b-3(b)(3)(i). To the extent that it is desired that compensation resulting from an Award be excluded from the deduction limitation of Section 162(m) of the Code, all members of the
Committee granting an Award also shall be “outside directors” within the meaning of Section 162(m). 
 2.9. “Covered Employee” means an employee covered by Section 162(m) of the Code, which as of the effective date of this Plan includes any individual who, on the last day of the taxable year
is the Chief Executive Officer (or person acting in that capacity) or one of the four highest compensated Officers (other than the Chief Executive Officer) as determined under rules of the Securities and Exchange Commission. 

2.10. “Director” means a member of the Board. 

2.11. “Disability” means a “permanent and total disability” within the meaning of
Section 22(e)(3) of the Code. 
 2.12. “Eligible Employee” means anyone, other than one who
receives retirement benefits, consulting fees, honorariums, and the like from the Company, who performs services for the Company or a Subsidiary, including an Officer or Director of the Company or a Subsidiary, compensated on a regular basis by the
Company or a Subsidiary. 
 2.13. “Fair Market Value” means the last closing price for a Common Share
on the NYSE, NASDAQ or any stock exchange or national trading or quotation system on which such sales of Common Shares are reported. If the Common Shares are not so traded or reported, Fair Market Value shall be set under procedures established by
the Committee. 
 2.14. “Incentive Option” means any Stock Option intended to be and designated as an
“Incentive Stock Option” within the meaning of Section 422 of the Code or any successor provision. 
 2.15. “Non-Employee Director” means each Director of the Company or its subsidiaries, now serving as a Director or elected hereafter, who is not also an employee of the Company or any of its
subsidiaries. 
 2.16. “Non-Qualified Option” means any Stock Option that is not an Incentive Option.

 2.17. “Non-Tandem SAR” means a Stock Appreciation Right granted without reference to a Stock
Option. 
 2.18. “Officer” means the president, principal financial officer, principal accounting
officer, any vice president in charge of a principal business unit, division or function (such as sales, administration or finance) or any other officer who performs a significant policy-making function. 

  
 2 

 2.19. “Option Price” or “Exercise Price” means the price
per Common Share at which a Common Share may be purchased upon the exercise of a Stock Option or an Award. 

2.20. “Other Stock Unit Awards” shall have the meaning set forth in Section 10.1 hereof. 

2.21. “Participant” means a person to whom an Award has been made pursuant to this Plan. 

2.22. “Performance Award” means an Award of a fixed number of Common Shares or cash conditioned upon meeting
performance criteria granted to a Participant pursuant to Article 9. 
 2.23. “Performance Period”
means that period established by the Committee at the time any Performance Award is granted or at any time thereafter during which any performance goals established by the Committee with respect to such an Award are to be measured. 

2.24. “Plan” means this 2004 Equity Compensation Plan, as amended from time to time. 

2.25. “Reference Option” shall have the meaning set forth in Section 7.1 hereof. 

2.26. “Restricted Period” means the period of not less than three years following the date of grant of any
Restricted Stock Award, unless otherwise provided by the Committee in the related Award Agreement. 
 2.27.
“Restricted Stock” means Common Shares issued pursuant to a Restricted Stock Award which are subject to the restrictions set forth in the related Award Agreement. 

2.28. “Restricted Stock Award” means an Award of a fixed number of Common Shares to a Participant which is
subject to forfeiture provisions and other conditions set forth in the Award Agreement. 
 2.29.
“Retirement” means termination of employment or service from the Company, other than a termination for the reasons specified in Sections 12.1.3 or 12.1.4, and other than by death or Disability by an employee or a Director who is at least
65 years of age, or 55 years of age with at least ten years of employment with, or service on the Board of, the Company or a Subsidiary. 
 2.30. “Rule 16b-3” mean Securities and Exchange Commission Regulation Section 240.16b-3 or any corresponding successor regulation. 

2.31. “Stock Appreciation Right” or “SAR” means the right to receive, for each unit of the SAR, cash
and/or Common Shares equal in value to the excess of the Fair Market Value of one Common Share on the date of exercise of the SAR over the reference price per Common Share established on the Grant Date of the SAR. 

  
 3 

 2.32. “Stock Option” means the right to purchase Common Shares
granted pursuant to Article 6. 
 2.33. “Subsidiary” means any corporation, partnership, joint
venture, or other entity of which the Company owns or controls, directly or indirectly, 25% or more of the outstanding voting stock, or comparable equity participation and voting power, or which the Company otherwise controls, by contract or any
other means. However, when the term “Subsidiary” is used in the context of an Award of an Incentive Option, the applicable percentage shall be 50%. “Control” means the power to direct or cause the direction of the management and
policies of a corporation or other entity. 
 2.34. “Tandem SAR” means a Stock Appreciation Right
granted with reference to a Stock Option. 
 2.35. “Transfer” means alienation, attachment, sale,
assignment, pledge, encumbrance, charge or other disposition; and the terms “Transferred” or “Transferable” have corresponding meanings. 
 ARTICLE 3 
 ADMINISTRATION 

3.1. Committee. This Plan shall be administered and interpreted by the Committee. 

3.2. Awards. The Committee is authorized to grant (i) Stock Options; (ii) Stock Appreciation
Rights, in tandem with Stock Options or free-standing; (iii) Restricted Stock; (iv) Common Shares conditioned upon meeting performance criteria; and (v) other awards based in whole or in part by reference to or otherwise based on the
Company’s Common Shares, or other securities of the Company or any Subsidiaries (collectively, the “Awards”). In particular, the Committee shall have the authority: 

3.2.1 to select the persons to whom Awards may be granted; 

3.2.2 to determine the types and combinations of Awards to be granted; 

3.2.3 to determine the number of Common Shares or monetary units which may be subject to each Award; 

3.2.4 to determine the terms and conditions, not inconsistent with the terms of this Plan, of any Award, including, but
not limited to, the term, price, exercisability, method of exercise, any restriction or limitation on Transfer, any vesting schedule or acceleration, the application of performance goals as set forth in Section 9.1.2, or any forfeiture
provisions or waiver, regarding any Award, and the related Common Shares, based on such factors as the Committee shall determine; and 

  
 4 

 3.2.5 to modify or waive any restrictions or limitations contained in, and
grant extensions to the terms of or accelerate the vesting of, any outstanding Award, as long as such modifications, waivers, extensions or accelerations are not inconsistent with the terms of this Plan for those Awards intended to be Incentive
Options or meet the conditions of Section 162(m) of the Code, but no such changes shall impair the rights of any Participant without his or her consent. 
 3.3. Guidelines. The Committee is authorized to adopt, alter and repeal administrative rules, guidelines and practices governing this Plan and perform all acts, including the delegation of its
administrative responsibilities, as it deems advisable; to construe and interpret the terms and provisions of this Plan and any Award issued under this Plan; and to otherwise supervise the administration of this Plan. The Committee may correct any
defect, supply any omission or reconcile any inconsistency in this Plan or in any related Award Agreement in the manner and to the extent it deems necessary to carry this Plan into effect. 

3.4. Delegation of Authority. The Committee may delegate its authority to Officers of the Company and its
administrative duties to Officers or employees of the Company except with respect to persons who are senior Officers of the Company as defined by the Committee and except where performance goals for particular compensation grants are intended to be
excluded from the deduction limitation imposed by Section 162(m) of the Code. 
 3.5. Decisions
Final. Any action, decision, interpretation or determination by or at the direction of the Committee concerning the application or administration of this Plan shall be final and binding upon all persons and need not be uniform with respect
to its determination of recipients, amount, timing, form, terms or provisions. 
 ARTICLE 4 

COMMON SHARES SUBJECT TO PLAN 
 4.1. Common Shares. Subject to adjustment as provided in Section 4.2, the number of Common Shares which may be issued under this Plan shall not exceed 3,000,000 Common Shares. If any
Award granted under this Plan shall expire, terminate or be canceled for any reason without having been exercised in full, the number of Common Shares not acquired that are subject to such Award shall again be available for future grants. The
Committee may make such other determinations regarding the counting of Common Shares issued pursuant to this Plan as it deems necessary or advisable, provided that such determinations shall be permitted by law. Common Shares underlying a canceled
Stock Option shall be counted against the maximum number of Common Shares for which Stock Options may be granted to an Eligible Employee or Advisor. The repricing of Stock Options shall be strictly prohibited under this Plan. 

  
 5 

 4.2. Adjustment Provisions. 

4.2.1 If the Company shall at any time after November 9, 2005 change the number of issued Common Shares, without new
consideration to the Company, by stock dividend, split, combination, recapitalization, reorganization, exchange of Common Shares, liquidation or other change in corporate structure affecting the Common Shares, or make a distribution of cash or
property which has a substantial impact on the value of issued Common Shares, the total number of Common Shares reserved for issuance under the Plan shall be appropriately adjusted and the number of Common Shares covered by each outstanding Award
and the reference price or Fair Market Value for each outstanding Award shall be adjusted so that the aggregate consideration payable to the Company and the value of each such Award shall not be changed. 

4.2.2 The Committee may authorize the issuance, continuation or assumption of Awards or provide for other equitable
adjustments after changes in the Common Shares resulting from any merger, consolidation, sale of assets, acquisition of property or stock, recapitalization, reorganization or similar occurrence in which the Company is the continuing or surviving
entity, upon such terms and conditions as it may deem equitable and appropriate. 
 4.3. Merger, Dissolution
or Liquidation. Upon the dissolution or liquidation of the Company or any merger, consolidation, exchange or other transaction in which the Company is not the surviving entity or in which 75% or more of the outstanding Common Shares of the
Company are converted into cash, other securities or other property, each outstanding Award shall terminate as of a date fixed by the Committee provided that not less than twenty days written notice of the date of expiration shall be given to each
holder of an Award and each outstanding Award shall be fully vested and each such holder shall have the right during such period following notice to exercise the Award as to all or any part of the Common Shares for which it is exercisable.

 4.4. Change of Control. If a Participant’s employment or service is involuntarily terminated
without cause (as determined by the Committee in its sole discretion) during the twenty-four month period following a Change in Control of the Company, all outstanding Awards shall become immediately exercisable in full. For purposes of this
Agreement, a “Change in Control” of the Company shall be deemed to have occurred if (a) any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, other than a trustee or other
fiduciary holding securities under an employee benefit plan of the Company or William J. Motto and his heirs, lineal descendants, legatees and legal representatives of any of the foregoing and the trustee of any bona fide trust of which one or more
of the foregoing are the sole beneficiaries or the grantors thereof, becomes the “beneficial owner,” as such term is defined in Rule 13d-3 under that Act, directly or indirectly, of securities of the Company representing 25% or more of the
combined voting power of the Company’s then outstanding securities; or (b) during any period of one year (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the
Board and any new Director whose election by the Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the Directors then still in office who were either Directors at the beginning of
the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof. 

  
 6 

 Notwithstanding any other provision of this Plan, in the event of a Change
in Control, the Committee may, in its sole discretion, provide that each Stock Option or SAR shall, upon the occurrence of a Change in Control, be cancelled in exchange for a cash payment to be made within sixty days of the Change in Control in an
amount equal to the amount by which the price per Common Share in connection with the Change in Control exceeds the purchase price per Common Share under the Award Agreement for any Stock Option or SAR multiplied by the number of Common Shares
granted under the Award Agreement for any Stock Option or SAR. 
 ARTICLE 5 

DURATION OF PLAN 
 This Plan shall terminate on the tenth anniversary of the Effective Date, unless terminated sooner by the Board pursuant to Article 14. The provisions of the Plan shall remain operative with respect to
all outstanding Awards until their expiration. 
 ARTICLE 6 

STOCK OPTIONS 
 6.1. Grants. Stock Options may be granted alone or in addition to other Awards granted under this Plan. Each Stock Option granted shall be designated as either a Non-Qualified Option or an
Incentive Option and in each case such Stock Option may or may not include Stock Appreciation Rights. One or more Stock Options and/or Stock Appreciation Rights may be granted to any Eligible Employee or Advisor, except that no person shall receive
during any 12-month period Non-Qualified Stock Options and Stock Appreciation Rights covering more than 300,000 Common Shares and only Non-Qualified Options may be granted to Advisors. 

6.2. Incentive Options. Any Stock Option designated by the Committee as an Incentive Option will be subject to the
general provisions applicable to all Stock Options granted under the Plan plus the following specific provisions: 
 6.2.1 If an Incentive Option is granted to a person who owns, directly or indirectly, stock representing more than 10% of (i) the total combined voting power of all classes of stock of the Company
and its Subsidiaries, or (ii) a corporation that owns 50% or more of the total combined voting power of all classes of stock of the Company, then 
 6.2.1.1 the Option Price must equal at least 110% of the Fair Market Value on the Grant Date; and 
 6.2.1.2 the Term of the Incentive Option shall not be greater than five years from the Grant Date. 
 6.2.2 The aggregate Fair Market Value of Common Shares, determined at the Grant Date, with respect to Incentive Options that may be exercised for the first time by any individual during any calendar year
under this Plan or any other plan maintained by the Company and its Subsidiaries shall not exceed $100,000. To the extent that the aggregate Fair Market Value of Common Shares with respect to which Incentive Options are exercisable for the first
time by any individual during any calendar year, under all plans of the Company and its Subsidiaries, exceeds $100,000, such Incentive Options shall be treated as Non-Qualified Options. 

  
 7 

 6.2.3 Qualification under the Code. Notwithstanding anything in
this Plan to the contrary, no term of this Plan relating to Incentive Options shall be interpreted, amended or altered, nor shall any discretion or authority granted under this Plan be exercised, so as to disqualify this Plan under Section 422
of the Code, or, without the consent of the Participants affected, to disqualify any Incentive Option under Section 422 of the Code. 
 6.2.4 Limitation on Incentive Options. The aggregate number of Common Shares under this Plan that may be issued with respect to Incentive Options shall not exceed the total number of Shares
authorized for the Plan. 
 6.3. Terms of Stock Options. Except as otherwise required by Subsection
6.2, Stock Options granted under this Plan shall be subject to the following terms and conditions and shall be in such form and contain such additional terms and conditions, not inconsistent with the terms of this Plan pertaining to Incentive
Options and options intended to meet the conditions of Section 162(m) of the Code, as the Committee shall deem desirable: 
 6.3.1 Option Price. The Option Price shall be determined by the Committee at the time of grant, except that no Incentive Option may be granted for an Option Price less than 100% of Fair Market
Value on the Grant Date. 
 6.3.2 Option Term. The Option Term shall be fixed by the Committee, but
no Incentive Option shall be exercisable more than ten years after its Award Date. 
 6.3.3
Exercisability. A Stock Option shall be exercisable at such time or times and subject to such terms and conditions as shall be specified in the Award Agreement, provided, however, that a Stock Option may not be exercised as to less than
Twenty-Five Common Shares at any one time or the total number available for exercise at that time. 
 6.3.4
Method of Exercise. A Stock Option may be exercised in whole or in part at any time during its Term by giving written notice of exercise to the Company specifying the number of Common Shares to be purchased. Such notice shall be
accompanied by payment in full of the Option Price in cash or through the tender of previously-owned Shares which for such purposes shall be valued at their Fair Market Value unless some other form of consideration is approved by the Committee. Once
delivered, an exercise shall be irrevocable. 
 6.3.5 Transferability of Stock Options. Stock
Options shall be Transferable as provided in Article 11. 
 6.3.6 Termination. Stock Options shall
terminate in accordance with Article 12. 

  
 8 

 6.3.7 Buyout and Settlement Provisions. The Committee may at any
time offer to buy out a Stock Option previously granted, based on such terms and conditions as the Committee shall establish; however, such terms shall not effectively reprice the options (offer to buy out option shall not exceed the difference
between the Fair Market Value of the Common Share and the Exercise Price on the date of the offer) and in no event shall the Committee without approval of the Company’s shareholders within twelve (12) months of the date of such Committee
action, buy out a Stock Option previously granted with an Exercise Price on the date of such buy out greater than the Fair Market Value of the Common Shares underlying such Stock Option. 

6.4. Award of Non-Qualified Options to Non-Employee Directors. 

6.4.1 Grants. Each Non-Employee Director shall be granted a Non-Qualified Option for 7,500 Common Shares, or such
other number as may be determined by the Board of Directors from time to time, upon appointment or election as a Director and immediately after each subsequent Annual Shareholders’ Meeting if such person is serving as a Director at such time
either by virtue of being re-elected or by virtue of serving a term in excess of one year. All grants shall be made on the date of the event giving rise to the Non-Qualified Option. Such grants shall continue until the number of Common Shares
provided for in this Plan in Article 4 are exhausted. The number of Common Shares specified herein shall be subject to change in accordance with the adjustment provisions provided by Section 4.2. 

6.4.2 Terms and Conditions of Options Granted to Non-Employee Directors. 

6.4.2.1 The Term of all Options shall be ten years from the Award Date. 

6.4.2.2 The Option Price of all Options shall be the Fair Market Value of a Common Share on the Award
Date. 
 6.4.2.3 All Options shall become vested to the extent of 25% at the completion of each
ninety day period following the date of grant. 
 6.4.2.4 All Options shall be exercisable in
the manner provided in Subsections 6.3.3 and 6.3.4. 
 6.4.2.5 All Options shall be Transferable
as provided in Article 11 and shall terminate only upon the expiration of their term or in accordance with Section 6.4.3. 
 6.4.3 Automatic Termination of Non-Qualified Option. Notwithstanding anything contained herein to the contrary, if at any time a holder of an Option granted to a Non-Employee Director under this
Plan becomes an employee, Officer or Director of or a consultant to an entity which the Committee determines is a competitor of the Company, such Option shall automatically terminate as of the date such conflicting relationship was established.

  
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 6.4.4 The provisions of this Section 6.4 replace the 1999
Directors’ Stock Option Plan. 
 ARTICLE 7 
 STOCK APPRECIATION RIGHTS 
 7.1. Grants. The
Committee may, in its discretion, grant SARs to any Eligible Employee, Advisor and/or Non-Employee Director. A SAR may be granted either with or without reference to all or any part of a Stock Option. A “Tandem SAR” is a SAR granted with
reference to a Stock Option (the “Reference Option”). A “Non-Tandem SAR” is a SAR granted without reference to a Stock Option. If the Reference Option is a Non-Qualified Option, a Tandem SAR may be granted at or after the date of
the Reference Option; if the Reference Option is an Incentive Option, the Grant Date of a Tandem SAR must be the same as the Grant Date of the Reference Option. Any SAR shall have such terms and conditions, not inconsistent with this Plan, as are
established by the Committee in connection with the Award. 
 7.2. Term. A Tandem SAR shall
terminate and no longer be exercisable upon the termination of its Reference Option. A Non-Tandem SAR may have a term no longer than ten years from its Grant Date. 

7.3. Exercise. A Tandem SAR may only be exercisable at the times and, in whole or in part, to the extent that its
Reference Option is exercisable. The exercise of a Tandem SAR shall automatically result in the surrender of the applicable portion of its Reference Option. A Non-Tandem SAR shall be exercisable in whole or in part as provided in its Award
Agreement. Written notice of any exercise must be given in the form prescribed by the Committee. 
 7.4.
Payment. For purposes of payment of a SAR, the reference price per Common Share shall be the Option Price of the Reference Option in the case of a Tandem SAR and shall be the Fair Market Value of a Common Share on the Grant Date in the case
of a Non-Tandem SAR. The Committee shall determine the form of payment. 
 7.5. Transferability and
Termination. SARs shall be Transferable as provided in Article 11 and shall terminate in accordance with Article 12. 

ARTICLE 8 

RESTRICTED AND UNRESTRICTED STOCK AWARDS 
 8.1. Grants of Restricted Stock Awards. The Committee may, in its discretion, grant one or more Restricted Stock Awards to any Eligible Employee, Advisor and/or Non-Employee Director. Each
Restricted Stock Award shall specify the number of Common Shares to be issued to the Participant, the date of such issuance, the price, if any (as required by applicable law), to be paid for such Common Shares by the Participant and the restrictions
imposed on such Common Shares. The Committee may grant Restricted Stock Awards subject to the attainment of specified performance goals as set forth in Section 9.1.2, continued employment or such other limitations or restrictions as the
Committee may determine. No person shall receive during any twelve-month period Restricted Stock Awards or awards of unrestricted Common Shares covering more than 100,000 Common Shares. 

  
 10 

 8.2. Terms and Conditions of Restricted Stock Awards. Restricted
Stock Awards shall be subject to the following provisions: 
 8.2.1 Issuance of Common
Shares. Common Shares of Restricted Stock may be issued immediately upon grant or upon vesting as determined by the Committee. 8.2.2 Stock Powers and Custody. If Common Shares of Restricted Stock are issued immediately upon grant, the
Committee may require the Participant to deliver a stock power, endorsed in blank, relating to the Restricted Stock covered by such an Award. If any stock certificates are issued in respect of Common Shares of Restricted Stock awarded under this
Plan, such certificates shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Award. The Committee may also require that the certificates
evidencing Restricted Stock be held in custody by the Company until the restrictions on them shall have lapsed. 

8.2.2 Shareholder Rights. Unless otherwise determined by the Committee at the time of grant, Participants
receiving Restricted Stock Awards shall not be entitled to dividend or voting rights for the Restricted Stock until they are fully vested. 
 8.2.3 Termination of Employment. Upon termination of employment during the Restricted Period, all Restricted Stock shall be forfeited, subject to such exceptions, if any, as are authorized by
the Committee, as to termination of employment, Retirement, Disability, death or special circumstances. 
 8.3.
Unrestricted Stock Awards. The Committee may make awards of unrestricted Common Shares to key Eligible Employees, Advisors and/or Non-Employee Directors in recognition of outstanding achievements or contributions by such employees and/or
advisors. Unrestricted Common Shares issued on a bonus basis may be issued for no cash consideration. Each certificate for unrestricted Common Shares shall be registered in the name of the Participant and delivered to the Participant. 

ARTICLE 9 

PERFORMANCE AWARDS 
 9.1. Performance Awards. 
 9.1.1 Grant. The
Committee may, in its discretion, grant Performance Awards to Eligible Employees and Advisors. A Performance Award shall consist of the right to receive either Common Shares or cash of an equivalent value, or a combination of both, at the end of a
specified Performance Period or a fixed dollar amount payable in cash or Common Shares, or a combination of both, at the end of a specified Performance Period. The Committee shall determine the Eligible Employees and Advisors to whom and the time or
times at which Performance Awards shall be granted, the number of Common Shares or the amount of cash to be awarded to any person, the duration of the period during which, and the conditions under which, a Participant’s Performance Award will
vest, and the other terms and conditions of the Performance Award in addition to those set forth in Subsection 9.2. No person shall receive during any twelve-month period Performance Awards covering more than 100,000 Common Shares. 

  
 11 

 9.1.2 Criteria for Award. The Committee may condition the grant
or vesting of a Performance Award upon the attainment of specified performance goals, including but not limited to, appreciation in the Fair Market Value, book value or other measure of value of the Common Shares; the performance of the Company or
groups within the Company based on increases in sales, earnings (which may include an add back for taxes, interest, and/or depreciation and amortization), operating earnings, profit margins, earnings per Common Share, cash flow, favorable comparison
to established budgets, return on stockholders’ equity, return on assets, attainment of strategic and operational initiatives, market share, comparisons with various stock market indices, reduction in costs or a combination of such factors;
personal performance measures or such other similar factors or criteria as the Committee shall determine 
 9.2.
Terms and Conditions of Performance Awards. Performance Awards shall be subject to the following terms and conditions: 
 9.2.1 Dividends. Unless otherwise determined by the Committee at the time of the grant of the Award, amounts equal to dividends declared during the Performance Period with respect to any
Common Shares covered by a Performance Award will not be paid to the Participant. 
 9.2.2
Payment. Subject to the provisions of the Award Agreement and this Plan, at the expiration of the Performance Period, share certificates, cash or a combination of both, as the Committee may determine, shall be delivered to the
Participant, or his or her legal representative or guardian, in a number or an amount equal to the vested portion of the Performance Award. Performance Awards may be paid in a lump sum or in installments following the close of the Performance Period
or, in accordance with procedures established by the Committee, on a deferred basis. 
 9.2.3
Transferability. Performance Awards shall be Transferable as provided in Article 11. 
 9.2.4
Termination of Employment or Advisory Relationship. Subject to the applicable provisions of the Award Agreement and this Plan, upon termination of a Participant’s employment or advisory relationship with the Company or a Subsidiary
for any reason during the Performance Period for a given Award, the Performance Award in question will vest or be forfeited in accordance with the terms and conditions established by the Committee. 

9.2.5 Tax Considerations. The Committee may designate whether any Performance Award, either alone or in
addition to other Awards granted under this Plan, being granted to any Eligible Employee or Advisor is intended to be “performance-based compensation” as that term is used in Section 162(m) of the Code. Any such Awards designated to
be “performance-based compensation” shall be conditioned on the achievement of one or more performance measures discussed herein or otherwise determined by the Committee, to the extent required by section 162(m) of the Code. 

  
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 ARTICLE 10 
 OTHER STOCK UNIT AWARDS 
 10.1. The Committee is authorized
to grant to employees of the Company and its affiliates, either alone or in addition to other Awards granted under this Plan, Awards of Common Shares or other securities of the Company or any Subsidiary of the Company and other Awards that are
valued in whole or in part by reference to, or are otherwise based on, Common Shares or other securities of the Company or any subsidiary of the Company (“Other Stock Unit Awards”). Other Stock Unit Awards may be paid in cash, Common
Shares, other property or in a combination thereof, as the Committee shall determine. No person shall receive during any twelve-month period Other Stock Unit Awards covering more than 100,000 Common Shares. 

10.2. The Committee shall determine the employees to whom Other Stock Unit Awards are to be made, the times at which such
Awards are to be made, the number of Common Shares to be granted pursuant to such Awards and all other conditions of such Awards. The provisions of Other Stock Unit Awards need not be the same with respect to each recipient. The recipient shall not
be permitted to sell, assign, transfer, pledge, or otherwise encumber the Common Shares or other securities which constitute Other Stock Unit Awards prior to the later of: (i) the date on which the Common Shares or other securities are issued,
or (ii) the date on which any applicable restrictions, performance or deferral period lapses. Common Shares (including securities convertible into Common Shares) and other securities granted pursuant to Other Stock Unit Awards may be issued for
no cash consideration or for such minimum consideration as may be required by applicable law. Common Shares (including securities convertible into Common Shares) and other securities purchased pursuant to purchase rights granted pursuant to Other
Stock Unit Awards may be purchased for such consideration as the Committee shall determine, which price shall not be less than the Fair Market Value of such Common Shares or other securities on the Grant Date, unless the Committee otherwise elects.
Unless the Committee determines otherwise to address specific considerations, Other Stock Unit Awards granted under this Plan shall have a vesting period of not less than one year. 

ARTICLE 11 

TRANSFERABILITY OF AWARDS 
 Awards and benefits payable under this Plan shall not be Transferable by the Participant during his or her lifetime and may not be assigned, exchanged, pledged, transferred or otherwise encumbered or
disposed of except by will or the laws of descent and distribution or, in the case of an Incentive Option, except by a domestic relations order pursuant to Section 414(p)(1)(B) of the Code. Awards shall be exercisable during a
Participant’s lifetime only as set forth in the preceding sentence by the Participant or, if permissible under applicable law, by the Participant’s guardian or legal representative. 

  
 13 

 Notwithstanding the above, the Committee may, with respect to particular
Awards, other than Incentive Options, establish or modify the terms of the Awards to allow the Awards to be Transferred, at the request of the Participant, to trusts established by the Participant or as to which the Participant is a grantor or to
family members of the Participant or otherwise for personal and tax planning purposes of the Participant. If the Committee allows such Transfer, such Awards shall not be exercisable for a period of not less than six months following the action of
the Committee. To the extent the Committee action allowing such Transfer occurs within the last six months of the term of any Award granted under this Plan, other than an Incentive Option, the term of such Award shall automatically be extended for a
period necessary to accommodate the exercise limitation discussed in the preceding sentence or by such other period as determined by the Committee. In no event can a SAR be Transferred if it was issued as a Tandem SAR with an Incentive Option as a
Reference Option unless the SAR is Transferred with the Incentive Option and the Transfer satisfies the other terms of this Plan. 
 ARTICLE 12 
 TERMINATION OF AWARDS 

12.1. Termination of Awards. All Awards issued under this Plan, except for those issued to Non-Employee
Directors as provided in Section 6.4, shall terminate as follows: 
 12.1.1 At Expiration of
Term. During any period of continuous employment or business relationship with the Company or a Subsidiary, an Award will be terminated only if it is fully exercised or if it has expired by its terms or by the terms of this Plan. For these
purposes, any leave of absence approved by the Company shall not be deemed to be a termination of employment, nor shall such approved leave of absence toll the Term of any Award whereby the Term of an Award would be extended to account for the time
of the approved leave of absence. 
 12.1.2 Death, Disability or Retirement. If a Participant’s
employment by the Company or a Subsidiary terminates by reason of death, Disability or Retirement, or in the case of an advisory relationship if such business relationship terminates by reason of death or Disability, any Award held by such
Participant, unless otherwise determined by the Committee at grant, shall be fully vested and may thereafter be exercised by the Participant or by the Participant’s beneficiary or legal representative, for a period of one year following
termination of employment, death or Disability, and ninety days in the case of Retirement, or such longer period as the Committee may specify at or after grant in all cases other than Incentive Options, or until the expiration of the stated Term of
such Award, whichever period is shorter. 
 12.1.3 Termination for Cause. Awards shall terminate
immediately if employment is terminated for Cause or by voluntary action of the Participant without the consent of the Company. “Cause” is defined as including, but not limited to, theft of or intentional damage to the Company’s
property, intentional harm to the Company’s reputation, material breach of the Participant’s duty of fidelity to the Company, excessive use of alcohol, the use of illegal drugs, the commission of a criminal act, willful violation of the
Company’s policies, or trading in Common Shares for personal gain based on knowledge of the Company’s activities or results when such information is not available to the general public. 

  
 14 

 12.1.4 Employment and Noncompetition Agreements. If an
individual holding an Award violates any term of any written employment, confidentiality or noncompetition agreement between the Company and that person, all existing Awards held by such person will terminate immediately. In addition, if at any time
of such violation such person has exercised an Award for Common Shares but has not received certificates for the Common Shares to be issued, the Company may void the Award and its exercise. Any such actions by the Company shall be in addition to,
and not in lieu of, any other rights or remedies available to the Company in such circumstances. 
 12.1.5
Other. Except as provided above in this Section 12.1, unless otherwise determined by the Committee at or after grant, if a Participant’s employment by, or business relationship with, the Company or a Subsidiary terminates for
any reason other than death, as provided above, the Award will terminate on the earlier to occur of the stated expiration date or ninety days after termination of the employment or business relationship. If a Participant dies during the ninety day
period following the termination of the employment or business relationship, any unexercised Award held by the Participant, or transferred by the Participant in accordance with Article 11, shall be exercisable, to the full extent that such Award was
exercisable at the time of death, by the heirs, beneficiaries or legal representative of the estate of the Participant, for a period of one year after the date of termination of employment of the Participant or until the expiration of the stated
term of the Award, whichever occurs first. 
 12.2. Acceleration of Vesting and Extension of Exercise Period
Upon Termination. 
 12.2.1 Notwithstanding anything contained in this Article 12, upon the termination of
employment of a Participant who is not an Officer or Director of the Company, for reasons other than those provided in Sections 12.1.3 and 12.1.4, the Committee may, in its sole discretion, accelerate the vesting of all or part of any Awards held by
such terminated Participant, or Transferred by the Participant in accordance with Article 11, so that such Awards are fully or partially exercisable as of the date of termination, and may also extend the permitted exercise period of such Awards for
up to five years from the date of termination, but in no event longer than the original expiration date of such Award. Under the Code, extensions of the Term of Incentive Options will cause the Option to become non-qualified unless the exercise
price is reset to be at least equal to the Fair Market Value on the date of extension and the other requirements of an Incentive Option are satisfied at that time. 

12.2.2 Except as provided in Section 12.2.1 or Section 4.2, in no event will the continuation of the
exercisability of an Award beyond the date of termination of employment allow the Participant, or his or her beneficiaries or heirs, to accrue additional rights under the Plan, or to purchase more Common Shares through the exercise of an Award than
could have been purchased on the date that employment was terminated. 

  
 15 

 ARTICLE 13 
 DEFERRALS 
 The Committee may permit recipients of Awards
to defer the distribution of all or part of any Award in accordance with such terms and conditions as the Committee shall establish. 
 ARTICLE 14 
 TERMINATION OR AMENDMENT OF PLAN 

Notwithstanding any other provisions hereof to the contrary, the Board may assume responsibilities otherwise assigned to
the Committee and may at any time, amend, in whole or in part, any provisions of this Plan, or suspend or terminate it entirely; provided, however, that, unless otherwise required by law, the rights of a Participant with respect to any Awards
granted prior to such amendment, suspension or termination may not be impaired without the consent of such Participant. No amendment shall, without shareholder approval, increase the number of Common Shares available under the Plan, increase the
number of Common Shares for which Incentive Options may be granted, cause the Plan or any Award granted to Covered Employees under the Plan to fail to meet the conditions for exclusion of application of the $1,000,000 deduction limitation imposed by
the Section 162(m) of the Code where the Award was granted with the intention of avoiding such limitations, or without the consent of the Participant. 
 ARTICLE 15 
 GENERAL PROVISIONS 

15.1. No Right to Continued Employment or Business Relationship. Neither the establishment of the Plan nor
the granting of any Award hereunder shall confer upon any Participant any right to continue in the employ of, or in any business relationship with, the Company or any Subsidiary, or interfere in any way with the right of the Company or any
Subsidiary to terminate such employment or business relationship at any time. 
 15.2. No Right to
Award. No Eligible Employee, Advisor or Non-Employee Director shall have the right to be selected to receive an Award under this Plan or, having been so selected, to be selected to receive a future Award or Stock Option. Neither the Award
nor any benefits arising out of this Plan shall constitute part of a Participant’s employment or service contract with the Company or any Affiliate and, accordingly, this Plan and the benefits hereunder may be terminated at any time in the sole
and exclusive discretion of the Company without giving rise to liability on the part of the Company or any Affiliate for severance payments. 
 15.3. No Claim/Uniformity. Except as provided in Section 6.4, no Eligible Employee, Advisor or Non-Employee Director shall have any claim to receive any Award under this Plan, and there
is no obligation for uniformity of treatment of Participants under this Plan. 

  
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 15.4. Acceptance of Award Agreement. The prospective recipient
of any Award under this Plan shall not, with respect to such Award, be deemed to have become a Participant, or to have any rights with respect to such Award, until and unless such recipient shall have accepted any Award Agreement or other instrument
evidencing the Award. 
 15.5. Certificates for Common Shares. All certificates for Common Shares
delivered under this Plan pursuant to any Award shall be subject to such stock-transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission,
any stock exchange upon which the Common Shares are then listed, and any applicable federal or state securities law, and the Committee may cause a legend or legends to be put on any certificates to make appropriate reference to such restrictions.

 15.6. No Offer to Sell Securities. No Award granted hereunder shall be construed as an offer to
sell securities of the Company, and no such offer shall be outstanding, unless and until the Committee in its sole discretion has determined that any such offer, if made, would comply with all applicable requirements of the federal securities laws
and any other laws to which such offer, if made, would be subject. 
 15.7. Other Plans. The value
of, or income arising from, any Awards issued under this Plan shall not be treated as compensation for purposes of any pension, profit sharing, life insurance, Disability or other Retirement or welfare benefit plan now maintained or hereafter
adopted by the Company or any Subsidiary, unless such plan specifically provides to the contrary. Nothing contained in this Plan shall prevent the Company from adopting other or additional compensation arrangements, subject to stockholder approval
if such approval is required. 
 15.8. Withholding of Taxes. The Company may deduct from any payment
to be made pursuant to this Plan, or otherwise require, prior to the issuance or delivery of any Common Shares or the payment of any cash to a Participant, or at any time thereafter as requested by the Company (including without limitation at such
time that a Participant makes an election under section 83(b) of the Code), payment by the Participant of any Federal, state, local or foreign taxes required by law to be withheld. The Company may withhold from payroll and/or any other amounts
payable to the Participants all sums required to satisfy such tax obligations. In addition, the Committee may permit any such withholding obligations to be satisfied by reducing the number of Common Shares otherwise deliverable or by accepting the
delivery of previously owned Common Shares. Any fraction of a Common Share required to satisfy such tax obligations shall be disregarded and the amount due shall be paid instead in cash by the Participant. 

15.9. Reimbursement of Taxes. The Committee may provide in its discretion that the Company may reimburse a
Participant for federal, state, local and foreign tax obligations incurred as a result of the grant or exercise of an Award issued under this Plan. 

  
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 15.10. Grants to Covered Employees. Notwithstanding anything to
the contrary in this Plan, Awards granted under the Plan to Covered Employees may be granted in a manner such that the Company’s income tax deduction for the compensation attributable to the Awards is not limited to the deduction restriction
imposed by Section 162(m) of the Code (“Performance-Based Awards”). 
 15.11. Governing
Law. This Plan and actions taken in connection with it shall be governed by the laws of Ohio without regard to the principles of conflict of laws. 
 15.12. Liability. No employee of the Company nor member of the Committee or the Board shall be liable for any action or determination taken or made in good faith with respect to this Plan or
any Award granted hereunder and, to the fullest extent permitted by law, all employees and members shall be indemnified by the Company for any liability and expenses which may occur through any claim or cause of action arising under or in connection
with this Plan or any Awards granted under this Plan. 
 15.13. Severability. If any provision of this
Plan is or becomes invalid, illegal or unenforceable in any jurisdiction, or would disqualify this Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws
or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of this Plan, it shall be stricken and the remainder of this Plan shall remain in full force and effect. 

15.14. Shareholder Approval. This Plan was approved by shareholders at the Company’s 2005 Annual
Shareholders’ Meeting and amended in certain respects by the Board of Directors and restated January 22, 2008. 

  
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