Document:

Voting Agreement

 
EXHIBIT 4.3

 
NATUS MEDICAL INCORPORATED

 
VOTING AGREEMENT 
 
THIS VOTING AGREEMENT (the “Agreement”) is made and
entered into as of this 14th day of February 2003, by and among NATUS MEDICAL INCORPORATED, a Delaware
corporation (the “Company”), and PERRY CORP., a New York corporation (the “Investor”). 
 
RECITALS 
 
WHEREAS, the Investor currently owns 27% of the outstanding shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”); and 
 
WHEREAS, the Investor wishes to purchase from a third party an
additional One Million (1,000,000) shares of Common Stock, representing approximately an additional 6% of the outstanding shares of Common Stock (the “Subject Shares”); and 
 
WHEREAS, the Investor would be deemed an “Acquiring Person” under that certain Preferred Stock
Rights Agreement dated as of September 4, 2002, as amended, between the Company and EquiServe Trust Company, N.A., as Rights Agent (the “Shareholder Rights Plan”), if it purchases the Subject Shares; and 
 
WHEREAS, pursuant to a certain Non-Disclosure Agreement
entered into by and between the Investor and the Company, dated October 14, 2002 (the “NDA”), the Investor may not buy, sell or otherwise trade securities of the Company until the Company’s 2002 earnings information is released, and
such earnings information has not yet been released; and 
 
WHEREAS, the Company wishes to allow the Investor to acquire the Subject Shares; 
 
NOW, THEREFORE, in consideration of the foregoing, the parties hereto agree as follows: 
 
AGREEMENT 
 
1. Amendment of Shareholders’ Rights Plan. 
 
The Company agrees to amend the Shareholder Rights Plan, subject to the terms of this Agreement, so as to permit the Investor to acquire
the Subject Shares without becoming an “Acquiring Person” under the Shareholder Rights Plan. 
 
2. Waiver of NDA. 
 
The parties hereto agree that nothing contained in the NDA shall prohibit, limit or impose conditions on the purchase by Investor of the Subject Shares. 
 
3. Transfer of Shares. 
 
(a) Termination of Limitations. In the event Investor sells, transfers or otherwise conveys any or all of the Subject Shares (i) in
a market transaction, or 

(ii) to a person or entity who owns less than 5% of the Company’s voting capital stock before such
transfer and will not be deemed an “acquiring person” pursuant to the Shareholder Rights Plan after such transfer, then the transferred Subject Shares will not be subject to this Agreement and, among other things, shall not be required to
bear the Legend set forth in Section 5 hereof. 
 
(b) Deemed Retention of Subject Shares. Until such time as Investor no longer owns in excess of Four Million Three Hundred Forty-Eight Thousand Four Hundred (4,348,400) shares (subject to adjustment for stock splits, dividends
and the like) (“Investor Shares”), and even if Investor sells or otherwise transfers a portion of the Subject Shares, any shares of Common Stock held by Investor in excess of the number of Investor Shares shall be deemed to be Subject
Shares for purposes of this Agreement. 
 
4. Voting.

 
(a) Proportional Voting. Subject to
the provisions of subsection (b) below, so long as the Investor holds or beneficially owns more than 29% of the outstanding Common Stock, it shall vote the Subject Shares in the same manner and in proportion to all other shares of Common Stock
present at each annual or special meeting. By way of illustration, if 80% of the shares of Common Stock (exclusive of all of the Investor Shares) are present at a meeting of shareholders and if 60% of the shares of Common Stock vote in favor of a
proposal, 16% vote against and 4% abstain, then 75% of the Subject Shares shall be voted in favor of the proposal, 20% against and 5% of the Subject Shares shall abstain from voting on the proposal. 
 
(c) Voting With Management. For a period of one year
from the date hereof, the Investor will vote all Investor Shares in accordance with the recommendation of the Board of Directors of the Company (the “Board of Directors”) as reflected in any Company proxy or information statement in
connection with such vote. Investor will give irrevocable instructions to each broker holding shares of the Common Stock in an account for the benefit of Investor or its affiliates that shall remain in effect until the first anniversary of this
Agreement. The irrevocable instructions shall direct the broker to vote the shares of Common Stock held in such accounts on all matters put before the Company’s stockholders in accordance with the recommendations of the Board of
Directors. 
 
(d) Proxy. Investor
agrees to deliver to the Company a proxy in the form attached hereto as Exhibit A (the “Proxy”), which shall be irrevocable to the fullest extent permissible by applicable law, with respect to the Subject Shares. The Company acknowledges
and agrees that Investor will purchase the Subject Shares in street name and, at its earliest opportunity, will convert them to certificate form, bearing the Legend (as defined below), registered to Investor. The Company shall require the Transfer
Agent to expedite the issuance of share certificates representing Subject Shares. Promptly following re-registration of the Subject Shares in the name of Investor, Investor shall deliver the Proxy to the Company. 
 
(e) Deemed Voting. In the event the Investor does not
vote the Investor Shares or the Subject Shares, as the case may be, in accordance with this Agreement, the vote of any shares voted in contravention of this Agreement shall be null and void and such shares shall be deemed to have been voted in
accordance with the terms of this Agreement. 
 

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(e) Further
Assurances. If Investor fails to vote the Subject Shares or, with respect to Section 4(b) hereof, all shares of Common Stock held by it strictly in accordance with the provisions of this Section 4, Investor agrees to take, at its own expense,
any additional steps deemed necessary by the Company to effect and to assure compliance with the provisions of this Section 4. 
 
5. Legend. 
 
(a) Investor agrees that the Company shall be entitled to impose on any and allcertificates representing Subject Shares (and that Investor
shall hold all Subject Shares in certificated form) the following restrictive legend (the “Legend”): 
 
“THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF A VOTING AGREEMENT DATED AS OF FEBRUARY 14,
2003, WHICH PLACES CERTAIN RESTRICTIONS ON THE VOTING OF THE SHARES REPRESENTED HEREBY. ANY PERSON ACCEPTING ANY INTEREST IN SUCH SHARES SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SUCH AGREEMENT. A COPY OF SUCH
VOTING AGREEMENT WILL BE FURNISHED TO THE RECORD HOLDER OF THIS CERTIFICATE WITHOUT CHARGE UPON WRITTEN REQUEST TO THE COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS.” 
 
(b) Subject to Section 3 hereof, Investor agrees that, during the term of this Agreement, it shall not have
the right to cause to be removed (upon registration of transfer, reissuance or otherwise) any Legend from any certificate representing Subject Shares and that it consents to the imposition of the Legend on any new certificate issued (upon
registration of transfer, reissuance or otherwise) to represent the Subject Shares theretofore represented by a certificate carrying the Legend. The Company shall cause the Transfer Agent to remove such Legend upon the occurrence of an event that
constitutes a termination of limitations under Section 3(a) hereof. 
 
6. Representations and Warranties of Investor and the Company. Investor (i) is the beneficial owner of the Investor Shares (other than the Subject Shares) set forth on the signature page hereto, free and clear of any
liens, claims, options, rights of first refusal, co-sale rights, charges or other encumbrances, and (ii) does not beneficially own any securities of the Company other than the Investor Shares set forth on the signature page hereto. Each of Investor
and the Company has full power and authority to make, enter into and carry out the terms of this Agreement and the Proxy. The Company certifies that the number of shares of Common Stock outstanding as of February 13, 2003 is 16,328,033.

 

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7. Termination.

 
a. This Agreement shall continue in
full force and effect from the date hereof through the earliest of the following dates, on which date it shall terminate in its entirety: 
 
(i) the date that theInvestor owns a number of shares of Common Stock that is equal to or less than the number of
the Investor Shares and upon which date the Investor provides notice to the Company of such fact; 
 
(ii) the date of the closing of a sale, lease, or other disposition of all or substantially all of the Company’s
assets or the Company’s merger into or consolidation with any other corporation or other entity, or any other corporate reorganization, in which the holders of the Company’s outstanding voting stock immediately prior to such transaction
own, immediately after such transaction, securities representing less than fifty percent (50%) of the voting power (determined on an as-converted basis) of the corporation or other entity surviving such transaction; or 
 
(iii) the date that is the 10 year
anniversary of the execution of this Agreement; or 
 
(iv) the date as of which the parties hereto terminate this Agreement by written consent of both parties. 
 
b. Upon termination, the Company shall promptly remove any Legend on any Subject Shares following a request therefore from the
Investor or any other holder of such Shares. 
 
8.
Miscellaneous. 
 
(a) Governing Law.
This Agreement shall be governed and construed under the laws of the State of Delaware, and shall be binding upon the parties hereto in the United States and worldwide. The federal and state courts in the State of Delaware sitting in New Castle
County shall have exclusive jurisdiction to adjudicate any dispute arising out of this Agreement and the Investor consents to personal jurisdiction in such courts. 
 
(b) Severability. In the event one or more of the provisions of this Agreement should, for any reason,
be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or
unenforceable provision had never been contained herein. 
 
(c) Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, successors, administrators, executors and other legal representatives; however, neither this
Agreement nor any of the rights, interests or obligations of the parties hereto may be assigned to any party other than their respective heirs, successors, administrators, executors and other legal representatives by either of the parties hereto
without prior written consent of the other party hereto. 
 

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(d)
Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original but all of which together shall constitute one and the same agreement. 
 
(e) Amendments and Modification. This Agreement may not
be modified, amended, altered or supplemented except upon the execution and delivery of a written agreement executed by the parties hereto. 
 
(f) Waiver. No failure on the part of any party to exercise any power, right, privilege or remedy under this Agreement, and no
delay on the part of any party in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy, and no single or partial exercise of any such power, right, privilege or
remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. No party shall be deemed to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy under this
Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of such party, and any such waiver shall not be applicable or have any effect except
in the specific instance in which it is given. 
 
(g) Specific Performance; Injunctive Relief. The parties hereto acknowledge that the Company will be irreparably harmed and that there will be no adequate remedy at law for a violation of any of the covenants or agreements of
Investor set forth in this Agreement and the Proxy. Therefore, it is agreed that, in addition to any other remedies that may be available to the Company upon any such violation, the Company shall have the right to enforce such covenants and
agreements by specific performance, injunctive relief or by any other means available to Company at law or in equity. 
 
(h) Notices. Any notice or communication must be in writing and given by depositing the same in the United States mail, addressed
to the party to be notified, postage prepaid and registered or certified with return receipt requested, or by delivering the same by hand delivery (including by a nationally recognized overnight carrier) or by fax. Such notice shall be deemed
received on the date on which it is delivered to the party or faxed (with confirmation received). For purposes of notice, the addresses of the parties shall be: 
 
If to Company: Natus Medical Incorporated 
1501 Industrial Road 
San Carlos, CA 94070 
Attention: Mark E. Foster, General Counsel 
Telephone: (650) 802-0400 
Facsimile:  (650) 802-0401 
 
With a copy to: Wilson Sonsini Goodrich & Rosati 
Professional Corporation 
650 Page Mill Road 
Palo Alto, CA 94304 
Attention: Robert P. Latta, Esq. 
 

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Telephone: (650) 493-9300 
Facsimile: (650) 493-6811 
 

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If to Investor: Perry Corp. 
599 Lexington Avenue, 36th Floor 
New York, NY 10022

Attention: 
Telephone: (212) 583-4100 
Facsimile: (212) 583-4125 
 
With a copy to: Willkie Farr & Gallagher

787 Seventh Avenue 
New York, NY 10019-6099 
Attention: Michael A. Schwartz 
Telephone: (212) 728-8000 
Facsimile: (212) 728-9267 
 
(i)
Attorney’s Fees and Expenses. If any legal action or other legal proceeding relating to the enforcement of any provision of this Agreement is brought against a party, the prevailing party shall be entitled to recover reasonable
attorneys’ fees, costs and disbursements (in addition to any other relief to which the prevailing party may be entitled). In addition, the Investor agrees to pay the reasonable fees and costs of the Company’s legal fees incurred (to
a maximum of $10,000) in connection with the negotiation and preparation of this agreement and the amendment of the Shareholder Rights Plan. 
 
(j) No Third-Party Beneficiaries. Neither this Agreement nor the Proxy are intended to confer upon any other person any rights or
remedies hereunder or thereunder. 
 
(k)
Entire Agreement. This Agreement and the Proxy constitute the full, final and entire understanding and agreement between the parties with regard to the subject matter hereof and, other than as expressly set forth in this Agreement and the
Proxy, supercede all previous communications, negotiations, warranties, representations, covenants or agreements with respect to such subject matter, whether oral or written. This agreement may not be modified or amended except in writing by the
parties hereto. 
 
[REMAINDER OF PAGE INTENTIONALLY
BLANK—SIGNATURE PAGE FOLLOWS] 
 

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IN WITNESS
WHEREOF, the parties hereto have executed this VOTING AGREEMENT as of the date first above written. 
 

	 NATUS MEDICAL INCORPORATED

	
	 By:
	 	 /s/ Tim C. Johnson

	 	 	 Name: Tim C. Johnson

	 	 	 Title: President and Chief Executive Officer

	
	 PERRY CORP.

	
	 By:
	 	 /s/ Richard Perry

	 	 	 Name: Richard Perry

	 	 	 Title: President

	
	 4,348,400 shares of the Company Common Stock
 beneficially owned by Investor.

 

	

 
 

VOTING AGREEMENT 

 
EXHIBIT A

 
FORM OF 
 
IRREVOCABLE PROXY 
 
Perry Corp. (“Investor”), a securityholder of Natus
Medical Incorporated, a Delaware corporation (the “Company”), hereby irrevocably (to the fullest extent permitted by law) appoints the Chief Executive Officer and President and Chief Financial Officer of the Company, and each of them, as
the sole and exclusive attorneys and proxies of Investor, with full power of substitution and resubstitution, to vote and exercise all voting and related rights (to the full extent that Investor is entitled to do so) with respect to all of the
Subject Shares (as defined in the Voting Agreement referred to below) of capital stock of the Company that now are or hereafter may be beneficially owned by Investor, and any and all other shares or equity securities of the Company issued or
issuable in respect thereof on or after the date hereof (in this Proxy, collectively the “Shares”) in accordance with the terms of this Proxy. The Shares beneficially owned by Investor as of the date of this Proxy are listed on the final
page of this Proxy. Upon Investor’s execution of this Proxy, any and all prior proxies given by Investor with respect to any Shares are hereby revoked and Investor agrees not to grant any subsequent proxies with respect to the Shares until
after the Expiration Date (as defined below). 
 
This Proxy is irrevocable (to the fullest extent permitted by applicable law), is coupled with an interest and to secure the obligations of Stockholder thereunder, is granted pursuant to that certain Voting Agreement of even date
herewith by and between the Company and Investor (the “Voting Agreement”), and is granted in consideration of the Company entering into the Voting Agreement and carrying out its obligations thereunder. As used herein, the term
“Expiration Date” shall mean the earliest to occur of: 
 
the date that the Investor owns a number of shares of Common Stock of the Company equal to or less than the number of the Investor Shares and upon which date the Investor provides notice to the Company of such fact; 
 
the date of the closing of a sale, lease, or other disposition
of all or substantially all of the Company’s assets or the Company’s merger into or consolidation with any other corporation or other entity, or any other corporate reorganization, in which the holders of the Company’s outstanding
voting stock immediately prior to such transaction own, immediately after such transaction, securities representing less than fifty percent (50%) of the voting power (determined on an as-converted basis) of the corporation or other entity surviving
such transaction; 
 
the date that is the 10 year
anniversary of the execution of the Proxy; or 
 
the date as of which the parties hereto terminate this Proxy by written consent of both parties. 
 
The attorneys and proxies named above, and each of them, are hereby authorized and empowered by Investor, at any time prior to the
Expiration Date, to act as Investor’s attorney and proxy to vote the Shares, and to exercise all voting, consent and similar rights of the undersigned with respect to the Shares (including, without limitation, the power to execute and deliver
written 

 
consents) at every annual,
special or adjourned meeting of stockholders of the Company, and in every written consent in lieu of such meeting, in the manner that Investor is required so to do in Section 4 of the Voting Agreement. 
 
The attorneys and proxies named above may not exercise this
Proxy on any matter except as provided in Section 4 of the Voting Agreement. Investor may vote the Shares on all other matters as Investor determines appropriate. 
 
Any authority granted by Investor hereunder shall be binding upon the successors and assigns of Investor.

 
This Proxy is irrevocable (to the fullest extent
permitted by applicable law). This Proxy shall terminate, and be of no further force and effect, automatically upon the Expiration Date. 
 
Dated: February 14, 2003 
 

	 PERRY CORP.

	
	 
	
	 By:
	 	

	 Name:
	 	 
	 Title:
	 	 
	
	 4,348,400 shares of the Company Common Stock beneficially owned by Investor.

 
Signature Page of Irrevocable Proxy 
 

2Executive Deferred Compensation Agreement

 
Exhibit 4.8

CALIFORNIA MICRO DEVICES CORPORATION 
 
EXECUTIVE DEFERRED COMPENSATION AGREEMENT 
 
THIS AGREEMENT, made and entered into as of this      day of
                                 by and between California Micro Devices
Corporation, a California corporation, (hereinafter referred to as the “Company” or the “Employer”) with offices located at 215 Topaz Street, Milpitas, California 95035 and that executive employee indicated on the signature page
hereto, an individual (hereinafter referred to as the “Employee”). 
 
WITNESSETH THAT: 
 
WHEREAS, the Employee is employed by the Company, and has been selected by the Company for participation in this plan; and 
 
WHEREAS, the Company recognizes the valuable services heretofore performed for it by the Employee and wishes to encourage
Employee’s continued employment; and 
 
WHEREAS, the Employee wishes to defer a certain portion of compensation payable to him; and 
 
WHEREAS, the Employer has established a retirement 401(k) profit sharing plan known as the California 
Micro Devices Corporation 401(k) Retirement Savings Plan (hereafter referred to as the “401(k) Plan”) providing for elective deferrals and
matching contributions which may be limited by restrictions to avoid discrimination in favor of highly compensated employees and the Employer desires to provide a supplemental deferral and matching contribution as described herein; and 
 
WHEREAS, the parties hereto wish to provide the terms
and conditions upon which the Company shall 
pay such deferred compensation to the Employee or his designated beneficiary; and 
 
WHEREAS, the parties hereto intend that this Agreement
be considered an unfunded arrangement maintained primarily to provide deferred compensation benefits for the Employee, a member of a select group of management or highly compensated employees of the Company for purposes of the Employee Retirement
Income Security Act of 1974, as amended. 
 
WHEREAS, the parties hereto wish to provide the terms and conditions upon which the Company shall pay such additional compensation to the Employee after his or her retirement or other termination of employment or any death
benefit to beneficiaries after the Employee’s death; and 
 
WHEREAS, the parties hereto intend that this Agreement be considered an unfunded arrangement, maintained primarily to provide deferred compensation benefits for the Employee, a member of a select group of management and highly
compensated employees of the Company, for purposes of the Employee Retirement Income Security Act of 1974, as amended, 
 
NOW, THEREFORE, in consideration of the premises and of the mutual promises herein contained, the parties hereto agree as follows:

 

	 	1.	 	DEFINITION OF TERMS. Certain words and phrases are defined when first used in later paragraphs of this Agreement. In addition, the following words and phrases when
used herein, unless the context clearly requires otherwise, shall have the following respective meanings: 

 

	 	a)	 	401(k) Plan. A retirement 401(k) profit sharing plan known as the California Micro Devices Corporation 410(k) Retirement Savings Plan (hereafter referred to as the
“401(k) Plan”), attached hereto as Exhibit E, providing for elective deferrals and matching contributions which may be limited by restrictions to avoid discrimination in favor of highly compensated employees 

 

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	 	    	 	and the Employer desires to provide a supplemental deferral and matching contribution hereunder to the extent of such limitations; and 

 

	 	b)	 	Accrued Benefit. The sum of all Employee Deferrals and Supplemental Compensation, as defined at paragraph 2., below, credited to the Employee’s Retirement
Account and due and owing to the Employee or any designated beneficiaries pursuant to this Agreement together with
Additions thereto calculated as set Forth in paragraph 3., hereof, minus any distributions made hereunder, and after giving affect to any Vesting Percentage applicable to Supplemental Compensation. 

 

	 	c)	 	Affiliate. Any Company; partnership, joint venture, association, or similar organization or entity, the employees of which would be treated as employed by the
Company under Section 414 (b) or 414 (c) of the Code. 

 

	 	d)	 	Agreement. This Agreement, together with any amendments or supplements, thereto. 

 

	 	e)	 	Board of Directors. The Board of Directors of the Company. 

 

	 	f)	 	Code. The Internal Revenue Code of 1986, as amended or as it may be amended from time to time. 

 

	 	g)	 	Compensation. Compensation shall be defined by the terms of the 401(k) Plan. 

 

	 	h)	 	Change of Control. A change of control of the Company within the meaning specified in Section 280G of the Code. 

 

	 	i)	 	Early Retirement Date. The date the Employee attains the age of forty-five (45). 

 

	 	j)	 	Effective Date. The effective date shall be February 1, 1997 

 

	 	k)	 	Election of Contribution. A written notice filed by the Employer with the Chief Financial Officer of the Company in substantially the form attached hereto as Exhibit
A, specifying the Annual Supplemental Sum to be credited to the Employee’s Accrued Benefit 

 

	 	l)	 	Election of Deferral. A written notice filed by the Employee with the Chief Financial Officer or Controller of the Company in substantially the form attached hereto
as Exhibit A, Part 1, specifying the amount of Compensation to be deferred. 

 

	 	m)	 	Fiscal Year. The taxable year of the Company. 

 

	 	n)	 	Matching Contribution Deficiency. Defined at Exhibit A, Part 2. 

 

	 	o)	 	Normal Retirement Date. The date the Employee attains the age of sixty-five (65). 

 

	 	p)	 	Plan Year. The calendar year: provided however that the first Plan Year shall be a period beginning on the date of execution of this Agreement and ending on December
31 of the same calendar year 

 

	 	9)	 	Retirement Account. Book entries maintained by the Company reflecting the Accrued Benefit after application of the Vesting Percentage; provided, however, that the
existence of such book entries and the Retirement Account shall not create and shall not be deemed to create a trust of any kind, or a fiduciary relationship between the Company and the Employee, any designated beneficiaries or other beneficiaries
under this Agreement. In determining the Retirement Account, the Accrued Benefit shall be multiplied by the Vesting Percentage set forth as Exhibit C hereto. 

 

	 	r)	 	Survivor Benefit. The Survivor Benefit shall be an amount equal to the Accrued Benefit. 

 

	 	s)	 	Vesting Percentage. The Vesting Percentage set forth at Exhibit C, representing the portion of the Accrued Benefit which is payable under the terms of this
Agreement, based on Years of Service. The Vesting Percentage is credited on the last day of each Plan Year. 

 

	 	t)	 	Years of Service. Year of Service shall be as defined under the terms of the 401(k) Plan provided that there shall be no requirement of a three-month or other
waiting period prior to participation in vesting. 

 

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	 	2.	 	DEFERRED COMPENSATION. 

 
(a) Employee Deferral (Election of Employee). 
 

	 	    	 	Commencing on the Effective Date, and continuing through the date on which the Employee’s employment terminates because of his death, retirement, disability, or
any other cause, the Employee and the Company agree that the Employee shall defer into his Retirement Account the amount set forth in the Election of Deferral, Schedule A, Part 1,which the Employee would otherwise be entitled to receive from the
Company in each Fiscal Year of the Company. 

 

	 	    	 	The amount selected for deferral by the Employee pursuant to an Election of Deferral is referred to as the “Annual Deferral Sum”. The amounts of
compensation actually deferred, taking into account discontinuance of deferral pursuant to a Notice of Discontinuance, are hereinafter collectively included as the “Deferred Amounts”. The Employee’s Deferred Amounts shall be credited
to the Employee’s Retirement Account as of the dates such Deferred Amounts would, but for such deferral, be payable to the Employee. 

 

	 	    	 	The Employee may elect an Annual Deferral Sum hereunder by filing an Election of Deferral. The initial Election of Deferral must be filed within twenty (20) days of
the Effective Date of this Agreement. Such initial Election of Deferral, if any, shall be effective commencing with the first day of the month after it is filed. Thereafter, an Election of Deferral must be filed at least twenty (20) days prior to
the beginning of the Plan Year to which it pertains and shall be effective on the first day of the Plan Year following the filing thereof. The Employee may elect to defer a maximum Annual Deferral Sum of fifteen percent (15%) of Compensation for any
Plan Year, reduced by deferral contributions under the terms of the 401(k) Plan for such Plan Year (or such other limitation on Deferral Contributions under the terms of the 401(k) Plan as it may be amended from time to time) of Compensation reduced
by deferral contributions under the terms of the 401(K) Plan. The minimum Annual Deferral Sum, if any is elected, shall be no less than one percent (1%) of Compensation. 

 
(b) Supplemental Deferral (Matching Contribution) 
 

	 	    	 	Commencing on the Effective Date, and continuing through the date on which the Employee’s employment terminates because of death, normal retirement, disability,
or any other cause, the Employer may at the discretion of the Board of Directors, make an Election of Contribution, as defined at paragraph 4., below. While the amount of the Election of Contribution shall be determined at the sole discretion and in
such manner as the Board of Directors determines from time to time, the initial policies and procedures for determination of the amount of such Election of Contribution is set forth at Part 2 of Exhibit A, which may be amended at any time. The
amount credited pursuant to an Election of Contribution is referred to as the “Annual Supplemental Sum”. The sum of all Annual Supplemental Sums set forth on all Elections of Contribution for the Employee are hereinafter collectively
referred to as the “Supplemental Compensation”. The Employee’s Supplemental Compensation shall be credited to the Employee’s Retirement Account as of the dates such Annual Supplemental Sum is approved, or otherwise stated to be
credited by resolution of the Board of Directors of the Employer. 

 
(c) Vesting 
 

	 	    	 	The Employee shall vest and have a nonforfeitable right to all amounts credited to his or her Retirement Account as Supplemental Compensation, and all Additions
related thereto, in accordance with the schedule set forth at Exhibit C, attached hereto. For purposes of applying any vesting schedule, the Employee shall be considered as having a completed Year of Service for each complete year of full-time
service with the Employer or an Affiliate, measured from the Employee’s first date of employment by the Company. To the extent that any Supplemental Deferrals credited to the Employee’s Retirement Account are not vested at the time such
amounts are otherwise payable to the Employee hereunder, such amounts shall be forfeited. 

 

	 	3.	 	ADDITIONS TO DEFERRED AMOUNTS AND AMOUNT OF SUPPLEMENTAL. The Company agrees that it will credit Deferred Amounts in the Employee’s Retirement Account with
additions thereon (“Additions”) from and after dates Deferred Amounts are credited to the Retirement Account. Additions to Deferred Amounts shall accrue commencing on the date the Retirement Account first has a positive balance and shall
continue up to the date that the Retirement Account has been reduced to zero. Additions shall be calculated as an amount (the “As If Rate”) equal to the yield that would be realized, including any dividends, interest, or other current
yield, as well as any capital gain or loss based on an adjustment to fair market value on any date of calculation, as if hypothetically 

 

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	 	    	 	invested in whole or fractional shares in the assets set forth at Schedule 1 (the Calculation Assets), which may be changed at the sole discretion of the Employer,
from time to time, The Employer shall have no obligation to actually acquire any of the Calculation Assets set forth at Schedule 1, and such return shall be only for purposes of calculating Additions to Deferred Amounts hereunder The Employee shall
have no rights in or to any Calculation Assets set forth at Schedule 1, as provided elsewhere in this Agreement. The As If Rate shall be adjusted on the last day of each fiscal quarter of the Plan Year at the mean trading price of the Calculation
Assets on such date or the first business date thereafter, as quoted in Barrons financial news publication, or in the absence of a quotation therein, in a similar publication or other authoritative valuation of the specified Calculation Assets. Any
such designation of new Calculation Assets by the Employer must be in writing. For purposes of calculating Additions, it shall be assumed that the Calculation Assets is sold and the alternate Calculation Assets is purchased on the first business day
following such revised designation by the Company. 

 

	 	    	 	Supplemental Deferrals and Additions related to Supplemental Deferrals are subject to the Vesting Schedules attached at Exhibit C. Each Supplemental Deferral shall
be designated at the time of contribution as either: (1) a 401(k,) Equivalent Vesting Contribution, or alternatively, (2) a 10 Year Vesting Contribution, and such Supplemental Deferrals and related Additions shall be subject to the corresponding
vesting schedule, based on such initial designation which shall be at the sole discretion of the Employer. Supplemental Deferrals may be so designated as to vesting either by completion of a schedule attached hereto or by so designating the vesting
schedule of the Supplemental Deferral on the accounting books and records of the Employer. Employee Deferrals and related Additions to Employee Deferrals are not subject to any Vesting Schedule, 

 

	 	4.	 	ELECTION TO MAKE CONTRIBUTION. The Company may make an Election of Contribution by action of the Board of Directors and set forth in a form of Election of
Contribution as set forth at Exhibit A, Part 2 or such similar form of election as may be approved by the Board of Directors. Any Election of Contribution shall apply only to the amounts and years set forth in such. Election of Contribution and
shall not require any subsequent contributions beyond those set forth in such Election of Contribution. 

 

	 	5.	 	TERMINATION OF AGREEMENT. The Employer may at any time during the term of this Agreement, modify, suspend or terminate this Agreement in any manner or at any time.
Such modification, suspension or termination may not reduce the Employee’s Retirement Account, but may alter modify, suspend or terminate future Annual Supplemental Sums and any other aspects of the Agreement. 

 

	 	6.	 	(a) RETIREMENT BENEFIT. The Company agrees that, from and after the retirement of the Employee from the service of the Company upon reaching his or her Early
Retirement Date or Normal Retirement Date, the Company shall thereafter pay as a retirement benefit (“Retirement Benefit”) to the Employee in the amount of the Employee’s entire Accrued Benefit in equal monthly installments for one
hundred twenty (120) consecutive months, commencing on the first day of the calendar month immediately following the Employee’s retirement; provided however, that the Employee may, at his or her sole option make one election, prior to the time
benefit payments begin, to receive the Accrued Benefit in his or her Retirement Account in a lump sum or equal monthly installment payments over a shorter period of sixty (60) months, to be designated by him in writing (by delivery to the Company of
a completed Exhibit D, or similar statement) than would otherwise apply, or in a single payment. The election referred to in the preceding sentence must be made at least one year prior to the date benefit payments begin and shall be irrevocable. In
the event of such election by the Employee, the first designated monthly payment or the single payment, whichever applies, shall be due and payable on the on the first day of the calendar month immediately following the Employee’s retirement.
Monthly installment payments, if applicable, shall continue monthly thereafter, for the period designated by the Employee. 

 

	    	 	Notwithstanding the foregoing provisions of this paragraph 6(a), the terms of this paragraph shall be administered with respect to Retirement Benefits commencing on
and after January 1, 2002, by substituting equal annual installments for 10 years (or 5 years, if applicable), wherever reference is made to equal monthly installments of 120 months (or 60 months, if applicable). Such annual installments shall be
made as soon as practicable after the first day of the calendar year beginning on or after the date of the Employee’s Retirement. With respect to Retirement Benefits that have already commenced payment inthe form of equal monthly installments
prior to January 1, 2002, the remaining installments to be made in any calendar year beginning on or after January 1, 2002 shall, instead, be made annually as soon as practicable after the first day of such calendar year in an amount that is equal
to the total of the monthly installments that would have been made under the preceding provisions of this paragraph 6(a), as in effect prior to this amendment. 

 

	 	(b)	 	ELECTION OF BENEFITS UPON RETIREMENT DATE. The Employee shall have the option, upon 

 

4 

	 	    	 	attaining his or her Early Retirement Date or Normal Retirement Date, to elect to receive his or her Retirement Benefit, notwithstanding or her continued employment
with the Company after attaining the Early Retirement Date or Normal Retirement Date. The Employee’s election to receive his or her Retirement Benefit notwithstanding continued employment must be made in writing at least one year prior to Early
Retirement Date or Normal Retirement Date, whichever applies. The Retirement Benefit payable upon election pursuant to this paragraph 6(b) shall be the amount that would have been payable had the Employee retired from service with the Company as of
the Early Retirement Date or Normal Retirement Date, whichever applies. Any such election shall be irrevocable, and shall result in the termination of the Employee’s right to any further deferrals hereunder. 

 

	 	7.	 	DISABILITY RETIREMENT. Notwithstanding any other provision hereof, the Employee shall be entitled to receive payments hereunder prior to his or her Early Retirement
Date or Normal Retirement Date, whichever applies, in any case in which it is determined by a duly licensed physician selected by the Company that, because of ill health, accident, disability or general inability because of age, the Employee is no
longer able, properly and satisfactorily, to perform his or her regular duties as an Employee. If the Employee’s employment is terminated pursuant to this paragraph 7., the disability retirement benefit payable hereunder (“Disability
Retirement Benefit”) shall be that amount that would have been payable as a Retirement Benefit had the Employee attained his or her Normal Retirement Date on the date of the physician’s disability determination. The Disability Retirement
Benefit payable under this paragraph 7. shall be distributed in accordance with the provisions of paragraph 6(a) as if the Employee had retired on the date of the physician’s disability determination. 

 

	 	8.	 	(a) DEATH BENEFIT PRIOR TO COMMENCEMENT OF RETIREMENT BENEFITS. In the event of the Employee’s death while in the employment of the Company and prior to
commencement of the Retirement Benefits or Disability Retirement Benefits, the Company shall pay as a survivor’s benefit the Employee’s entire Survivor Benefit in a single lump sum to the Employee’s designated beneficiary (the
“Beneficiary”), in accordance with the last such designation received by the Company from the Employee prior to death. provided however, that the Beneficiary may elect to receive the Survivor Benefit in either ten (10) or five (5) annual
installments, to be designated in writing by such Beneficiary. If no such designation has been received by the Company from the Employee prior to death said payments shall be made to the Employee’s then living spouse, if any, and if there is no
such living spouse, then said payment shall be made to the living children of the Employee, if any, in equal shares, and if there is no surviving spouse or surviving children, then such payments shall be made to the estate of the Employee. Such
payments shall be made on the first day of the second month following the Employee’s death. 

 
(b)DEATH BENEFIT AFTER COMMENCEMENT OF BENEFITS. In the event of the Employee’s death after commencement of
Retirement benefits, Normal Retirement Benefits, or Disability Retirement Benefits, but prior to the completion of all such payments due and owing hereunder, the Company shall pay the balance of the Accrued Benefit in a single lump sum the
Employee’s designated beneficiary, in accordance with the last such designation received by the Company from the Employee prior to his or her death. If no such designation has been received by the Company from the Employee prior to death said
payments shall be made to the Employee’s then living spouse, if any, and if there is no such living spouse, then said payment shall be made to the living children of the Employee, if any, in equal shares, and if there is no surviving spouse or
surviving children, then such payments shall be made to the estate of the Employee. Such payments shall commence on the first day of the second month following the Employee’s death. At its sole option, the Company may pay the Employee’s
entire Accrued Benefit as a single lump sum. 
 

	 	9.	 	TERMINATION BENEFIT. In the event of either 

 

	 	(a)	 	the Employee’s termination of employment with the Company before the Early Retirement Date for any reason, other than disability, retirement or death, or

 

	 	(b)	 	a Change of Control of the Employer, 

 
the Company shall pay to the Employee, as compensation for services rendered prior to such termination, a single sum equal to the total
Retirement Account (the “Termination Benefit”). The Termination Benefit shall be payable on the first day of the second month following the termination of the Employee’s employment with the Company. 
 

	 	10.	 	HARDSHIP WITHDRAWAL. In the event the Employee suffers an unforeseen financial emergency, as defined hereafter, the Company may, if it deems advisable in its sole
and absolute discretion, distribute to or utilize on behalf of the Employee as a hardship benefit (the “Hardship Benefit”) any portion of the Employee’s Retirement Account. The Company shall have exclusive authority to determine
whether to make a hardship distribution, and the Company’s decision shall be final and binding on all parties. Any 

 

5 

 

	 	    	 	hardship distribution shall, like all distributions, reduce the amounts available for subsequent distributions and be deducted from the Retirement Account. The
Employee shall apply for such a Hardship Benefit in writing in a form approved by the Company and shall provide such additional information as the Company shall require. For purposes of this Paragraph, “unforeseen financial emergency”
means an immediate and heavy financial need caused by an unforeseable emergency, as described in Treasury Regulations Section 1.457-2(h) (4) and (5), defined as a severe financial hardship to the Employee resulting from a sudden and unexpected
illness or accident of the Employee or a dependent of the Employee (as defined in Code Section 152(a)) of the participant, loss of the participant’s property due to casualty, or other similar extraordinary and unforeseable circumstances arising
as a result of events beyond the control of the Employee. The circumstances that will constitute an unforeseeable emergency will depend upon the facts of each case, but in any case, payment may not be made to the extent that such hardship is or may
be relieved: 

 

	 	(1)	 	Through reimbursement or compensation by insurance or otherwise, 

 

	 	(2)	 	By liquidation of the Employee’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship, or

 

	 	(3)	 	By cessation of deferrals under this Agreement. 

 

	 	    	 	No distribution shall be made pursuant to this paragraph in excess of the amount of the immediate and heavy financial need of the Participant. The amount of the
immediate and heavy financial need may include any amounts necessary to pay federal, state, or local income taxes or penalties reasonably anticipated to result from the distribution, Any distribution under this paragraph shall reduce the Retirement
Account. 

 

	 	11.	 	SERVICE DISTRIBUTION. The lesser of either: 

 

	 	a)	 	the “In Service Distribution Amount” designated by the Employee on a validly submitted Election of Deferral in the form set forth at Exhibit A, together
with Additions related thereto, or 

 

	 	b)	 	an amount equal to the Annual Deferral Sum for the Plan Year in which such In Service Distribution Amount is so designated, together with Additions related thereto,

 

	 	c)	 	the Accrued Benefit on the Distribution Date, 

 
shall be distributed to the Employee in a lump sum on the In Service Distribution Date. 
 
The In Service Distribution Date shall be the
later of either: (a) the In Service Distribution Date set forth at Exhibit A, or (b) a date 36 months after the Election Date as defined in this Agreement. No In Service Distribution shall be effective unless it is elected on a Election of Deferral
submitted and dated as provided at Exhibit A. 
 

	 	12.	 	OFFSET FOR OBLIGATIONS TO COMPANY If, at such time as the Employee becomes entitled to benefit payments hereunder, the Employee has any debt, obligation or other
liability representing and amount owing to the Company or an Affiliate of the Company, and if such debt, obligation or other liability is due and owing at the time benefit payments are payable hereunder, the Company may offset the amount owing it or
an Affiliate against the amount of benefits otherwise distributable hereunden 

 

	 	13.	 	BENEFICIARY DESIGNATION. The Employee shall have the right, at any time to submit in substantially the form attached hereto as Exhibit B, a written designation of
primary and secondary beneficiaries to whom payment under this Agreement shall be made in the event of death prior to complete distribution of the benefits due and payable under the Agreement. Each beneficiary designation shall become effective only
when receipt thereof is acknowledged in writing by the Company. 

 

	 	14.	 	CLAIMS PROCEDURE. If any benefits become payable under this agreement, the Employee (or designated beneficiary in the case of the Employee’s death) shall file a
claim for benefits by notifying the Company in writing. If the claim is wholly or partially denied, the Company shall provide a written notice within ninety (90) days specifying the reason for the denial, the plan provisions on which the denial is
based, and additional material or information necessary to receive benefits, if any. Also, such written notice shall indicate the steps to be taken if a review of the denial is desired. 

 
If a claim is denied and a review is desired, the Employee
(or designated beneficiary in the case of the Employee’s death) shall notify the Company in writing within sixty (60) days after receipt of a written notice of a denial of a claim. Such request for review shall be in writing and include any

 

6 

 

	 	    	 	issues and comments, and requests for documents that the Employee believes are appropriate. The Company shall then review the claim and provide a written decision
within sixty (60) days of receipt of a request for review. This decision shall state the specific reasons for the decision and shall include references to specific provisions on which the decision is based. 

 

	 	15.	 	ASSIGNMENT OF RIGHTS. Neither the Employee nor any designated beneficiary shall have any right to sell, assign, transfer, or otherwise convey the right to receive
any payments hereunder without the prior written consent of the Company. 

 

	 	16.	 	NO CONTRACT OF EMPLOYMENT. Nothing contained herein shall be construed to be a contract of employment for any term of years, nor as conferring upon the Employee the
right to continue to be employed by the Company, in any capacity. It is expressly understood by the parties hereto that this Agreement relates exclusively to discretionary supplemental compensation as set forth in this Agreement. This Agreement is
not intended to be an employment contract, or to obligate the Company to make any contribution of an Annual Supplemental Sum, other than as approved at the discretion of the Board of Directors. 

 

	 	17.	 	CONSTRUCTION OF AGREEMENT. Any payments under this Agreement shall be independent of, and in addition to, those under any other plan, program, or agreement which may
be in effect between the parties hereto, or any other compensation payable to the Employee or the Employee’s designated beneficiary by the Company. 

 

	 	18.	 	NO TRUST CREATED. Nothing contained in this Agreement, and no action taken pursuant to its provisions by either party hereto, shall create, nor be construed to
create, a trust of any kind of a fiduciary relationship between the Company and the Employee, the Employee’s designated beneficiary, any other beneficiary of the Employee or any other person. 

 

	 	19.	 	BENEFITS PAYABLE ONLY FROM GENERAL CORPORATE ASSETS; UNSECURED GENERAL CREDITORS STATUS OF EMPLOYEE. The payments to the Employee, the Employee’s designated
beneficiary or any other beneficiary hereunder shall be made from assets which shall continue, for all purposes, to be a part of the general, unrestricted assets of the Company; no person shall have nor acquire any interest in any such assets by
virtue of the provisions of this Agreement. The Company’s obligation hereunder shall be an unfunded and unsecured promise to pay money in the future. To the extent that the Employee or any person acquires a right to receive payments from the
Company under the provisions hereof, such right shall be no greater than the right of any unsecured general creditor of the Company; no such person shall have nor require any legal or equitable right, interest or claim in or to any property or
assets of the Company. 

 
In the
event that, in its sole discretion, the Company purchases an insurance policy or policies insuring the life of the Employee (or any other property) to allow the Company to recover the cost of providing the benefits, in whole, or in part, hereunder,
neither the Employee, the Employee’s designated beneficiary, any other beneficiary nor any other person shall have nor acquire any rights whatsoever therein or in the proceeds therefrom. The Company shall be the sole owner and beneficiary of
any such policy or policies and, as such, shall possess and, may exercise all incidents of ownership therein. No such policy, policies or other property shall be held in any trust for the Employee or any other person nor as collateral security for
any obligation of the Company hereunder. 
 

	 	20.	 	AMENDMENT. This Agreement may not be altered, amended, or revoked except by a written agreement signed by the Company and Employee. 

 

	 	21.	 	INTERPRETATlON. Where appropriate in this Agreement, words used in the singular shall include the plural and words used in the masculine shall include the feminine.

 

7 

 

	 	22.	 	MISCELLANEOUS. 

 

	 	(a)	 	The law of the Stare of California shall govern this Agreement. 

 

	 	(b)	 	In the event of a material change in Federal or State laws applicable to this Agreement, the Company may, in the Company’s reasonable discretion, modify or
terminate this Agreement. If the Company elects to terminate this Agreement, the Employee shall be entitled to receive the Retirement Account, as defined above. 

 

	 	(c)	 	The Employer shall be deemed the Administrator of the Plan. The Employer and any representative that it chooses to assist it to carry out its responsibilities under
the Plan shall have the maximum discretionary authority allowed by law to interpret, construe and administer the Plan, to make determinations regarding Plan participation, enrollment for benefits, to evaluate and determine the validity of benefit
claims, and to resolve any and all claims and disputes regarding the rights and entitlements of individuals to participate in the plan and to receive benefits and payments pursuant to the Plan. 

 
IN WITNESS WHEREOF, the parties hereto
have executed this Agreement the day and year first hereinabove written. 
 

	 CALIFORNIA MICRO DEVICES CORPORATION, a California Corporation

	
	 By
	 	  

	 	 	  

	
	

	 (Witness)

	

	 (Witness)

 

	 ATTEST:
	 	 	 	 
	
	 By
	 	  

	 	 	 	 	 	 
	 Secretary
	 	 	 	 	 	 
	
	 By
	 	
	 	 	 	 	 	 
	 Employee
	 	 	 	 	 	 

 

8 

CALIFORNIA MICRO DEVICES CORPORATION 
 
EXECUTIVE DEFERRED COMPENSATION AGREEMENT 
 
Schedule 1, Calculation Assets 
 

 
The Company agrees that it will credit Deferred Amounts in the Employee’s Retirement Account with additions from and after dates Deferred Amounts are credited to the Retirement Account at the
“As If” rate specified in the Agreement. In determining the “As If” calculation under the agreement the Company will utilize the following Calculation Assets, subject to the terms of the Agreement. 
 
 

	 INVESTMENT

	  	 Percentage

	 
	 Paine Webber RMA, Money Market Portfolio
	  	 %
	  

	 Putnam Income
	  	 %
	  

	 P.W. Tactical Allocation
	  	 %
	  

	 Oppenheimer Growth & Income
	  	 %
	  

	 Putnam Voyager
	  	 %
	  

	 Putnam OTC Emerging Growth
	  	 %
	  

	 	  	 100
	 %

 

	 California Micro Devices Corporation
	 	 	 	 Employee

	
	 By
	 	  

	 	 	 	  

	 Signature
	 	 	 	 Employee Signature

	
	  

	 	 	 	  

	 Name
	 	 	 	 Name

	
	  

	 	 	 	  

	 Date
	 	 	 	 Date

 

9 

CALIFORNIA MICRO DEVICES CORPORATION

 
EXECUTIVE DEFERRED COMPENSATION AGREEMENT

 
EXHIBIT A-(Part 1) ELECTION OF DEFERRAL

 

 

	1.	 	I acknowledge that the terms and conditions of the California Micro Devices Corporation Executive Deferred Compensation Agreement (“Agreement t’) have been
explained to me, including the tax consequences of my decision to participate in the Agreement. 

 

	2.	 	I agree to defer a portion of my current compensation, and to have that income paid to me at a later date pursuant to the terms and conditions of the Agreement,
which is incorporated by reference, in its entirety, in this Election of Deferral Form. 

 

	3.	 	I understand that this Election Form is not an employment agreement, does not guarantee that I will receive any predetermined amount of compensation, and does not
guarantee that I will receive any bonus. 

 

	4.	 	I understand that any compensation I defer will be held as an asset of California Micro Devices Corporation, and will remain subject to the claims of the
general creditors of California Micro Devices Corporation 

 

	5.	 	FICA and FUTA taxes are taken into account as if the deferred compensation amounts were earned on the last day of the Plan Year in which the related services are
performed (rather than deferred). Since the 1993 Omnibus Budget Reconciliation Act repealed the dollar limit on wages subject to hospital insurance, effective for 1994 and later years, I understand that I will be required to pay such tax regardless
of the amount of wages earned. Other such taxes will be payable to the extent that I have not exceeded the relevant wage ceilings. 

 
 
ELECTION TO DEFER COMPENSATION 
I hereby elect to defer (no less than 1% of Compensation, if any deferral is elected): 
 

	                  % of my future
salary
	  	                          Employee Initial

	
	                  % of my
incentive Bonus
	  	                          Employee Initial

 
I
understand that I may discontinue deferral of future compensation if notice is filed at least twenty (20) days prior to any 1st day of the first month, 1st day of the fourth month, 1st day of the seventh month, or 1st day of the tenth month of the
Plan Year. Such Notice of Discontinuance shall be effective commencing with the lst day of the first month, 1st day of the fourth month, 1st day of the seventh month, or Ist day of the tenth month of the Plan Year following filing in writing the
change I desire. I also understand that if I discontinue deferral of future compensation during the year, I cannot restart deferral until the beginning of the succeeding calendar year. The foregoing Election is voluntarily made by me after reviewing
the terms of the Agreement and with knowledge that this Election is irrevocable until changed in accordance with the terms of the Agreement. 

IN SERVICE DISTRIBUTION AMOUNT: 
 
I hereby elect to receive a lump sum distribution on the In Service Distribution Date specified below in an amount equal to
the lesser of the Accrued Benefit, or the In Service Distribution Amount, together with Additions related thereto. 
 
IN SERVICE DISTRIBUTION
AMOUNT:                         (An amount not in excess of the Annual Deferral Sum set forth on Part 1 of this Exhibit A)

 
IN SERVICE DISTRIBUTION
DATE:                         (At least 36 months after Effective Date) 
 
INSERVICE DISTRBUTION. The lesser of either: (a) the In Service
Distribution Amount designated by the Employee on a validly submitted Election of Deferral in the form set forth at Exhibit A, Part 1, and related Additions, or (b) the Accrued Benefit, shall be distributed in a lump sum on the In Service
Distribution Date. The In Service Distribution Date shall be the later of either: (a) the In Service Distribution Date set forth at Exhibit A, or (b) a date 36 months alter the Election Date defined by this Agreement. No In Service Distribution
shall be effective unless it is elected on an Election of Deferral submitted as required by this Agreement. 
 
This Election of Deferral is executed and agreed: 
 

	
	

	 (Employee Signature)

	  

	 (Print Name)

	  

	 (Social Security Number)

 

	  

	 	 (Election Date)

	 (Date)
	 	 

 
Agreed:

 
California Micro Devices Corporation 
 

	
	 By:
	 	  

	  

	 (Date)

 

11 

EXHIBIT A—ELECTION OF CONTRIBUTION (Part 2) 
 

	TO:	 	                                     
        

	  	 	(NAME OF EMPLOYEE) 

 

	FROM:	 	CALIFORNIA MICRO DEVICES CORPORATION 

 
The Company hereby elects to contribute an amount equal to the Matching Contribution Deficiency, as defined below, and does credit such
amount under the terms of the California Micro Devices Corporation, Defined Contribution Executive Deferred Compensation Agreement (the “Agreement”), as of the              day of
            , 19            , on behalf of the Retirement Account of the above named Employee. 
 
Matching Contribution Deficiency shall be an amount equal to
the amount that would have been contributed for the benefit of the Employee under the terms of the 401(k) Plan by the Employer for the Plan Year as a Matching Contribution, as that term is defined in the 401(k) Plan agreement, determined as if the
Employee Deferral described herein had been treated as an eligible contribution under the terms of the 401(k) Plan, but for the limit on eligible contributions as a result of the application of the actual deferral percentage(ADP) ratios of Section
401(k)(3)(A), or Section 401(m) of the Code, applicable to Highly Compensated Employees as defined at Section 414(q) of the Code, provided however, that the Matching Contribution Deficiency shall not exceed an amount that when added to any matching
contribution under the terms of the 401(k) equals a sum equal to the maximum dollar amount of matching contributions available to other employees under the terms of the 401(k), determined without regard to limitations under 401(k)(3)(A) or 401(m) of
the Code. 
 
As of the Effective date of this
Agreement the maximum dollar amount of matching contributions available to other employees under the terms of the 401(k), determined without regard to limitations under 401(k)(3)(A) or 401(m) of the Code was an amount equal to $
             
 
California Micro Devices Corporation 
 
 
BY                                     
                            
 
 
 
Attached: Board of Directors Resolution 
 

12 

CALIFORNIA MICRO DEVICES CORPORATION, 
 
EXECUTIVE DEFERRED COMPENSATION AGREEMENT 
 
EXHIBIT B- BENEFICIARY DESIGNATION 
 
I.
                        (Insert Employee’s name as it appears in the Agreement.) 
 
II. The above-named Employee’s Revocable Beneficiary under the Executive
Deferred Compensation Agreement is set forth below: 
 
    1.    Employee’s spouse,                         ,
if living at Employee’s death, if not, such of the children of the marriage of the Employee and said spouse as shall be then living, equally. 
 
    2.    Employee’s spouse,
                        , if living at Employee’s death, if not, such of the Employee’s children as shall be
then living, equally. 
 
    3.    Such of the following children of the Employee as shall be living at the Employee’s death, equally: 
 
    If this space is checked, and if paragraph 1, 2 or 3 is checked, then the living children of any
deceased child designed shall take the share, divided equally, which such child would have if living. 
 
    4.    Employee’s
                        , if living at the Employee’s death, if not, Employee’s
                         if then living, if not, Employee’s
                         if then living. (Insert relationship to Employee and name.) 
 
    5.    Such of the following
as shall be living at the Employee’s death, equally: 
 
Employee’s
                                        
                             
 
(Insert relationship to Employee and name.) 
 
    6.    Employee’s
                         if living at Employee’s death, if not, such of the following as shall be then living,
equally: 
 
Employee’s
                                        
                             
 
(Insert relationship to Employee and name.) 
 
    7. Employee’s
                                        
                     
 
(Insert relationship to Employee and name.) 
 
    8.
                                        
         as trustee(s) or the successor trustee(s) under an Agreement dated
                        , 19    , made by and between (the Employee)
(                    ) and said trustee(s), as now existing or hereafter amended, or if said trust is not in existence at the Employee’s
death, the executor(s) or administrator(s) of the Employee. 
 

13 

 
    9.    The trustee(s) or successor trustee(s) under the instrument probated as the Last Will and Testament of the Employee, or, if the Employee shall die intestate or shall leave a
Will creating no trust, the executor(s) or administrator(s) of the Employee. 
 
    10.    Employee’s executor(s) or administrator(s). 
 
    11.
                        , or its successors. (Insert Name and address of firm or organization.) 
 
 

III. If any one of subparagraphs 1 through 7 of paragraph II above is applicable and if no individual beneficiary named is living at the Employee’s death, the Beneficiary shall be the executor(s)
or administrator(s) of the Employee. 
 
IV. This Designation of
Beneficiary revokes all prior designations and shall be effective as of the date it is filed with the Company. The Employee retains the right to revoke this Designation of Beneficiary. 
 
Dated at
                        , State of
                        , on
                        , 19    . 
 

	
	  

	 (Signature of Employee)

 

	
	 Witness:

	  

 

14 

CONSENT OF SPOUSE 
 
(Required in Community Property States) 
 
I hereby consent to the designation of the above beneficiary(ies) to receive the benefits payable under the
CALIFORNIA MICRO DEVICES CORPORATION, EXECUTIVE DEFERRED COMPENSATION AGREEMENT a the result of the death of the above Employee and waive any and all rights necessary to provide the payment of such benefits to such beneficiary(ies). 
 
Dated at
                            , State of
                        , on
                             19     
 

	
	

	 (Signature of Spouse)

 

	
	 Witness:

	  

 
FILING ACKNOWLEDGEMENT 
 
Filed
with the records of the Company this      day of                         , 19    .

 

	
	 By
	 	  

	  

	 Title

 

16 

 
EXHIBIT C

 
CALIFORNIA MICRO DEVICES CORPORATION,

 
EXECUTIVE DEFERRED COMPENSATION AGREEMENT

 
VESTING SCHEDULE 
 
The Vesting Percentage set forth below represents the portion
of each Annual Supplemental Sum, together with related Additions, computed independently of other Annual Supplemental Sums, which is payable under the terms of this Agreement, based on Years of Service, and the age of the Employee. The Vesting
Percentage is credited on the last day of each Plan. 
 

	 Years of Service *

	    	 Cumulative Vesting Percentage

	 
	 Less than 1
	    	 0
	 %

	 	    	
	

	 One
	    	 50
	 %

	 	    	
	

	 Two or more
	    	 100
	 %

	 	    	
	

EXHIBIT D 
 
CALIFORNIA MICRO DEVICES CORPORATION, 
 
EXECUTIVE DEFERRED COMPENSATION AGREEMENT 
 
DISTRIBUTION ELECTION 
 
DISTRIBUTION ELECTION: This form must be completed no later than one year prior to the date beneflt payments begin.
The Retirement Benefit will be paid in one hundred twenty (120) monthly installments, unless one of the following elections is made by the Employee. 
 

	Note:	 	Early Retirement is considered after age 45 

	         	 	Normal Retirement is considered after age 65 

 
Retirement: Upon retirement from the service of the Company, I wish to receive my Retirement Benefit in following form: CHECK (i) OR (ii), BUT NOT
BOTH 
 
            (i) lump sum; 
 
            (ii) in 60 substantially equal monthly
installments. 
 

	 EMPLOYEE:
	  	 	  	 ADDRESS:

	
	  	 	  	

	  

	  	 	  	  

 
DATE:                          

 
CMD DEFERRED
COMPENSATION PLAN INVESTMENT CHOICES 
 

	*	 	Paine Webber RMA, Money Market Portfolio seeks to provide as high a level of current interest income as is consistent with maintaining liquidity and
stability of principal. It seeks to achieve these objectives by investing in a diversified portfolio of U.S. dollar-denominated money market instruments. 

 

	*	 	Putnam Income Fund allocates assets across a variety of fixed-income market sectors, including but not limited to investment-grade corporate bonds,
mortgage-backed securities, U.S. Treasuries, high-yield corporate bonds, and foreign bonds. 

 

	*	 	P.W. Tactical Allocation Fund is for investors who want total return, consisting of long-term capital appreciation and current income, incorporating a
systematic investment strategy that actively allocates assets between equity securities included in the S & P 500 Index, U.S. Treasury Notes and Bills and U.S. dollar-denominated foreign securities. 

 

	*	 	Oppenheimer Quest Growth & Income Value Fund is a mutual fund that seeks to achieve a combination of growth of capital and investment income with growth
of capital as the primary objective. by investing in securities that are believed to be undervalued in the marketplace and that offer the possibility of increased value. 

 

	*	 	Putnam Voyager Fund invests in both smaller companies expected to expand overti me, and larger, more established corporations, which can provide you with an
effective way to seek above-average growth. The fund is suited for aggressive growth investors who are willing to accept some price fluctuation. 

 

	*	 	Putnam OTC Emerging Growth Fund allows you to seek growth from stocks of a variety of smaller companies, across many different sectors. Such diversification
can help provide exposure to growth, while making returns less dependent on the performance of any single holding. Smaller stocks tend to have a high degree of volatility. 

 
INVESTMENT COMPARISONS 
 

	 Deferred Cornpensation Plan

	 	 	 	 401(k)Plan

	 	 	 Money Market

	 	 
	 1. PW RMA Money Market
	 	 	 	 1. Mitchell Hutchins Money Mark

	 	 	 Both are Painewebber General Money Market Funds.
	 	 
	 	 	 Fixed Income Fund

	 	 
	 2. Putnam Income
	 	 	 	 2. Conservative Bond

	 (Beta 1.05, R square 96)
	 	 	 	 (Beta 1.05, R square 92)

	 	 	 Both funds have a conservative style.
	 	 
	 	 	 Balanced Fund

	 	 
	 3. P.W. Tactical Allocation
	 	 	 	 3. Balanced Asset

	 (Beta .96, R square 85)
	 	 	 	 (Beta 1.00, R square 100)

	 	 	 	 	 

These funds utilize an active asset allocation format. 
 
 

18 

 

	 	  	 Stock Fund

	 	 
	 4. Oppenheimer Growth & Income
	  	 	 	 4. Core Equity

	 (Beta .85, R square 68)
	  	 	 	 (Beta.88, R square 90)

 
These
funds focus on conservative, large cap stocks. 
 

	 	  	 Mid Cap Fund

	 	 
	 5. Putnam Voyager
	  	 	 	 5. Strategic Growth

	 (Beta 1.07, R square 65)
	  	 	 	 (Beta 1.39, R square 69)

 
These
funds concentrate on high growth mid cap stocks. 
 

	 	    	 Small Cap/Aggressive Fund

	 	 
	 6. Putnam OTC Emerging Growth
	    	 	 	 6. Emerging Growth

	 (Beta 1.59, R square 81)
	    	 	 	 (Beta 1.03, R square 90)

	 Based on the Wilshire 4500
	    	 	 	 Based on the Lipper Sm Cap Ind

 
Both
funds target the emerging small cap market. 
 

19 

CALIFORNIA MICRO DEVICES CORPORATION 
 
Executive Deferred Compensation Plan 
 
PARTICIPANTS—Please take this quiz to help you with your
Deferred Comp investment selections. 
 
ASSET ALLOCATION QUIZ 
 
Strongly
Disagree<                                      
                          > Strongly Agree 
 
1                        2             
           3                        4 
 

	 	  	 	  	 SCORE

	 1.
	  	 Earning a high return that will allow my account to grow faster than the inflation rate is one of my most important
objectives.
	  	

	 2.
	  	 I do not require a high level of income (conservative) investments at this time.
	  	

	 3.
	  	 My investment goals are relatively long term.
	  	

	 4.
	  	 I am willing to tolerate sharp up and down swings in the return on my investments in order to seek a potentially
higher return than would normally be expected from more stable investments.
	  	

	 5.
	  	 I am willing to risk a short term loss in return for a potentially higher long term rate of return.
	  	

	 6.
	  	 I will not need to use my retirement savings for many years.
	  	

	 	  	 TOTAL SCORE
	  	 
	 	  	 	  	

 

	 SCORE

	    	 MONEY MARKET

	 	    	 PUTNAM INCOME

	 	    	 P.W. TACTICAL ALLOCATION

	 	    	 OPPENHEIMER GROWTH & INCOME

	 	    	 PUTNAM VOYAGER

	 	    	 PUTNAM OTC

	 
	 25-30
	    	 10
	 %
	    	 0
	 %
	    	 30
	 %
	    	 20
	 %
	    	 20
	 %
	    	 20
	 %

	 19-24
	    	 5
	 %
	    	 15
	 %
	    	 40
	 %
	    	 20
	 %
	    	 10
	 %
	    	 10
	 %

	 13-18
	    	 5
	 %
	    	 25
	 %
	    	 40
	 %
	    	 20
	 %
	    	 10
	 %
	    	 0
	 %

	 7-12
	    	 5
	 %
	    	 35
	 %
	    	 50
	 %
	    	 10
	 %
	    	 0
	 %
	    	 0
	 %

	 6
	    	 10
	 %
	    	 55
	 %
	    	 30
	 %
	    	 5
	 %
	    	 0
	 %
	    	 0
	 %

 

	*	 	The above is only a suggestion, final investment decisions are left to the Individual” 

 

20 

AMENDMENT TO THE 
CALIFORNIA MICRO DEVICES CORPORATION 
EXECUTIVE DEFERRED
COMPENSATION PLAN 
 
WHEREAS, the Company maintains
the California Micro Devices Corporation Executive Deferred Compensation Plan (the “Plan”) for certain executive employees under the terms of individual executive deferred compensation agreements between said employees and the Company (the
“Agreement” or “Agreements”); and 
 
WHEREAS, the Company is desirous of modifying the form of payment under each of the Agreements to provide greater flexibility to the Employee and to ease the administration of the Plan; 
 
NOW THEREFORE, the Agreement between the Company and the
executive employee indicated on the signature line below is amended, effective January 1, 2002, as follows: 
 

	 	1.	 	The fourth sentence of the third paragraph of text in paragraph 2(a) of the Agreement is amended to read as follows: 

 
“The Employee may elect to defer a maximum Annual
Deferral Sum of fifteen percent (15%) of Compensation for any Plan Year, reduced by deferral contributions under the terms of the 401(k) Plan for such Plan Year.” 
 

	 	2.	 	Paragraph 6(a) of the Agreement is amended by the addition of the following at the end thereof: 

 
“Notwithstanding the foregoing provisions of this
paragraph 6(a), the terms of this paragraph shall be administered with respect to Retirement Benefits commencing on and after January 1, 2002, by substituting equal annual installments for 10 years (or 5 years, if applicable), wherever reference is
made to equal monthly installments of 120 months (or 60 months, if applicable). Such annual installments shall be made as soon as practicable after the first day of the calendar year beginning on or after the date of the Employee’s Retirement.
With respect to Retirement Benefits that have already commenced payment in the form of equal monthly installments prior to January 1, 2002, the remaining installments to be made in any calendar year beginning on or after January 1, 2002 shall,
instead, be made annually as soon as practicable after the first day of such calendar year in an amount that is equal to the total of the monthly installments that would have been made under the preceding provisions of this paragraph 6(a), as in
effect prior to this amendment.” 

 
IN WITNESS WHEREOF, the
parties hereto have executed this amendment on the            day of            , 2002. 
 

	 CALIFORNIA MICRO DEVICES
 CORPORATION
	 	 	 	 
	
	 By:
	 	
	 	 	 	 By:
	 	

	 	 	 Title
	 	 	 	 [Name of Employee]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}]]