Document:

EX-10.5

 Exhibit 10.5 

FRAMEWORK AGREEMENT 

DATED         2014 

BETWEEN 
 DIODES ZETEX
LIMITED 
 AND 

DIODES ZETEX SEMICONDUCTORS LIMITED 

AND 
 DIODES INCORPORATED

 and 
 HR
TRUSTEES LIMITED AND OTHERS 
 relating to the 

DIODES ZETEX PENSION SCHEME 

Allen & Overy LLP is a limited liability partnership registered in England and Wales with registered number OC306763. It is
authorised and regulated by the Solicitors Regulation Authority of England and Wales. The term partner is used to refer to a member of Allen & Overy LLP or an employee or consultant with equivalent standing and qualifications. A list of the
members of Allen & Overy LLP and of the non-members who are designated as partners is open to inspection at its registered office, One Bishops Square, London E1 6AD. 

Allen & Overy LLP or an affiliated undertaking has an office in each of: Abu Dhabi, Amsterdam, Antwerp, Athens, Bangkok, Beijing,
Belfast, Bratislava, Brussels, Bucharest (associated office), Budapest, Casablanca, Doha, Dubai, Düsseldorf, Frankfurt, Hamburg, Hanoi, Ho Chi Minh City, Hong Kong, Istanbul, Jakarta (associated office), London, Luxembourg, Madrid, Mannheim,
Milan, Moscow, Munich, New York, Paris, Perth, Prague, Riyadh (associated office), Rome, São Paulo, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C. and Yangon. 

 THIS DEED is dated         2014 

BETWEEN: 
  

	(1)	 IAN J E SMITH of 27 Selsey Avenue, Sale, Cheshire M33 4RN, JAMES BROOKS of 41 Springside Road, Walmersley, Bury BL9 5JB and HR
TRUSTEES LIMITED (No. 745598) whose registered office is at 42-62 Greyfriars Road, Reading RG1 1NN as trustees of the Diodes Zetex Pension Scheme (the Trustees); 

 

	(2)	 DIODES INCORPORATED of 4949 Hedgcoxe Road, Suite 200, Plano, Texas 75024 USA (Diodes Incorporated); 

 

	(3)	 DIODES ZETEX LIMITED of Zetex Technology Park, Chadderton, Oldham, OL9 9LL (Registered No 01378777) (Diodes Zetex Limited); and

  

	(4)	 DIODES ZETEX SEMICONDUCTORS LIMITED of Zetex Technology Park, Chadderton, Oldham, OL9 9LL (Registered No 02387949) (Diodes Zetex
Semiconductors Limited). 

 collectively, the Parties. 

BACKGROUND 
  

	(A)	 The Trustees are the trustees of the Scheme. 

  

	(B)	 On 26 March 2012 the Parties entered into a framework agreement setting out a minimum net asset holding in aggregate for Diodes Zetex Limited
and Diodes Zetex Semiconductors Limited. 

  

	(C)	 Diodes Zetex Semiconductors Limited, Diodes Zetex Limited and Diodes Incorporated wish to agree that a new minimum amount of net assets will be
held by Diodes Zetex Semiconductors Limited and Diodes Zetex Limited in aggregate. 

  

	1.	 DEFINITIONS 

THIS DEED WITNESSES as follows: 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London.

 Companies means Diodes Zetex Semiconductors Limited and Diodes Zetex Limited. 

Current Actuarial Valuation means the actuarial valuation prepared in respect of the Scheme in accordance with Part 3 of
the Pensions Act 2004 as at 5 April 2010. 
 Current Schedule of Contributions means the schedule of
contributions prepared in accordance with Part 3 of the Pensions Act 2004 in respect of the Current Actuarial Valuation. 

Date of the Assessment means the last working day of each month or such other date that the internal monthly management
accounts are prepared by the Companies. 
 Minimum Level of Assets means £48,000,000.00 Net Assets. 

Net Assets means the aggregated net assets of the Companies assessed in accordance with clause 3. 

  
 2 

 New Actuarial Valuation means the actuarial valuation prepared in respect
of the Scheme in accordance with Part 3 of the Pensions Act 2004 as at 5 April 2013. 
 Scheme means the Diodes
Zetex Pension Scheme which is governed by a Definitive Trust Deed and Rules dated 7 January 2009. 
  

	2.	 MINIMUM LEVEL OF NET ASSETS 

With effect from the date of this Deed Diodes Incorporated shall procure that the Companies will have Net Assets of no less
than the Minimum Level of Assets until the earlier of: 
  

	 	(a)	 the final payment has been made under the Current Schedule of Contributions; or 

 

	 	(b)	 the date on which a new schedule of contributions has been prepared and agreed in accordance with Part 3 of the Pensions Act 2004 relating to the
New Actuarial Valuation. 

  

	3.	 ASSESSMENT OF THE NET ASSETS 

  

	3.1	 The Net Assets of the Companies shall be the figure shown as the net assets on the Date of the Assessment in the internal management accounts of
each Company described in sub-clauses 3.2 (a) to (c). 

  

	3.2	 Diodes Incorporated shall procure that each Company delivers to the Trustees: 

 

	 	(a)	 within 14 Business Days of the Date of the Assessment, each Company’s latest internal monthly management accounts; 

 

	 	(b)	 as soon as reasonably practicable after their preparation, the latest quarterly management accounts for each Company, which shall have been
reviewed (but not fully audited) by each Company’s auditor; and 

  

	 	(c)	 as soon as reasonably practicable after their preparation, the latest annual management accounts which shall have been audited by each
Company’s auditor. 

  

	3.3	 The internal management accounts described in sub-clauses 3.2 (a) to (c) shall be delivered to: 

 

			
	 Address:
	    	 Barnett Waddingham

		    	 Port of Liverpool Building

		    	 Pier Head

		    	 Liverpool

		    	 L3 1BW

	 E-mail:
	    	 zetex@barnett-waddingham.co.uk

	 Attention:
	    	 Adam Walker

  

	3.4	 Diodes Incorporated shall procure that the Companies inform the Trustees of their respective part of the total amount of Net Assets within 14
Business Days of the Date of the Assessment or in the case of the quarterly and annual accounts delivered under sub-clauses 3.2(b) and (c) at the same time as the accounts are delivered. 

 

	3.5	 Diodes Incorporated shall procure that the internal management accounts of each Company described in sub-clauses 3.2 (a) to (c) are
prepared in accordance with standard accounting practices. 

  
 3 

	4.	 GRACE PERIOD AND UNDERTAKING TO PAY 

  

	4.1	 If an assessment of the Net Assets under clause 3 shows that the Net Assets are less than the Minimum Level of Assets, Diodes Incorporated shall
have the following grace period in which to ensure that the Net Assets are brought above the Minimum Level of Assets: 

  

	 	(a)	 in the case of the internal monthly management accounts described in sub-clause 3.2(a), 45 days (or such longer time as the Trustees may without
obligation, agree) from the Date of the Assessment; and 

  

	 	(b)	 in the case of the quarterly and annual accounts delivered under sub-clauses 3.2(b) and (c), 45 days from the date the accounts are delivered (or
such longer time as the Trustees may without obligation, agree). 

  

	4.2	 After the expiry of the 45 days set out in clause 4.1, if the Net Assets are below the Minimum Level of Assets, Diodes Zetex Limited shall within
10 days of demand by the Trustees pay (without any deduction whatsoever) to the Trustees an amount equal to not less than half of all amounts payable towards the Scheme but not yet paid under the Current Schedule of Contributions.

  

	5.	 LIMITATION OF LIABILITY 

Diodes Incorporated and the Companies shall have no liability to the Trustees under this Deed except as set out in clause 4.2.

  

	6.	 MISCELLANEOUS 

  

	6.1	 This Deed and the documents referred to in it contain the whole agreement between the Parties relating to the transactions contemplated by this
Deed and supersede all previous Deeds between the Parties relating to these transactions. 

  

	6.2	 This Deed may be executed in any number of counterparts, all of which, taken together, shall constitute one and the same Deed, and any Party
(including any duly authorised representative of a Party) may enter into this Deed by executing a counterpart. 

  

	6.3	 A person who is not a Party to this agreement may not enforce any of its terms under the Contracts (Rights of Third Parties) Act 1999.

  

	6.4	 This Deed is governed by English law. 

  

	6.5	 The English courts have exclusive jurisdiction to settle any dispute arising out of or in connection with this Deed (including a dispute relating
to any non-contractual obligations arising out of or in connection with this agreement) and the parties submit to the exclusive jurisdiction of the English courts. 

  
 4 

 Director /s/ [Authorized Signatory] 

Witness signature /s/ [Authorized Signatory] 
 Witness name 

Witness address 
  

			
	 EXECUTED as a deed by
	  	 )

	 DIODES ZETEX LIMITED
	  	 )

	 acting by
	  	 )

 Director /s/ [Authorized Signatory] 

Witness signature /s/ [Authorized Signatory] 
 Witness name 

Witness address 
  

			
	 EXECUTED as a deed by
	  	 )

	 DIODES INCORPORATED
	  	 )

	 acting by
	  	 )

 Director /s/ [Authorized Signatory] 

Witness signature /s/ [Authorized Signatory] 
 Witness name 

Witness address 

 Trustees 

IAN J E SMITH 
 as trustee of the Diodes Zetex Pension Scheme 

acting by /s/ [Authorized Signatory] 
 Witness signature /s/
[Authorized Signatory] 
 Witness name 
 Witness address 

JAMES BROOKS 
 as trustee of the Diodes Zetex Pension Scheme 

acting by /s/ [Authorized Signatory] 
 Witness signature /s/
[Authorized Signatory] 
 Witness name 
 Witness address 

HR TRUSTEES LIMITED 
 as trustee of the Diodes Zetex Pension
Scheme 
 Director: /s/ [Authorized Signatory] 

Director/Secretary: /s/ [Authorized Signatory]EX-10.6

 Exhibit 10.6 

DIODES INCORPORATED 

2001 OMNIBUS EQUITY INCENTIVE PLAN 

STOCK AWARD AGREEMENT 

Unless otherwise defined herein, capitalized terms shall have the defined meaning set forth in the Diodes Incorporated 2001
Omnibus Equity Incentive Plan (the “Plan”). 
  

	 	1.	 NOTICE OF RESTRICTED STOCK GRANT 

You shall be granted restricted shares of Common Stock, subject to the terms and conditions of the Plan and this Stock Award
Agreement, as follows: 
  

			
	 Name of Awardee:
	    	 Keh-Shew Lu

		
	 Total Number of Shares to be Granted:
	    	 600,000

		
	 Date of Award:
	    	 September 22, 2009

		
	 Date of Grants:
	    	 Subject to Section 2.8 below, the first 100,000 Shares subject to this Stock Award Agreement shall be granted on April 14, 2010, and an additional 100,000
Shares subject to this Stock Award Agreement shall be granted on each of the five subsequent anniversaries thereof (each such date, a “Grant Date”).

  

	 	2.	 AGREEMENT 

2.1 Grant of Restricted Stock. Pursuant to the terms and conditions set forth in this Stock Award Agreement (including
Section 1 above) and the Plan, the Administrator shall grant to the Awardee on each Grant Date the number of Shares set forth in Section 1. 

2.2 Purchase of Shares. No payment of cash is required for the Shares. 

2.3 Vesting. The Awardee shall vest in any installment of Shares granted, or thereafter to be granted, under this Stock
Award Agreement upon the date the Company files with the Securities and Exchange Commission an Annual Report on Form 10-K for a fiscal year (a “Report”), which Report contains audited financial statements stating that the
Company’s net sales for such fiscal year exceeded $1 billion; provided, however, that the Awardee shall cease vesting in the granted Shares upon the Awardee’s Termination of Service, except in the case of death or Disability in which case
the granted Shares shall become fully vested on such date. 
 2.4 Risk of Forfeiture. 

(A) General Rule. The granted Shares shall initially be subject to a risk of forfeiture. The Shares subject to a risk
of forfeiture shall be referred to herein as “Restricted Shares.” The Awardee may not transfer, assign, encumber, or otherwise dispose of any Restricted Shares other than in accordance with this Stock Award Agreement and the Plan. If the
Awardee transfers any Restricted Shares in accordance with this Stock Award Agreement and the Plan, then this Section shall apply to the transferee to the same extent as to the transferor. 

(B) Lapse of Risk of Forfeiture. The risk of forfeiture shall lapse as the Awardee vests in the granted Shares upon the
satisfaction of the performance goal set forth in Section 2.3 above. 
 (C) Forfeiture of Granted Shares. The
Restricted Shares shall automatically be forfeited and immediately returned to the Company, and the Company’s obligation to grant any subsequent installment of Shares shall terminate, upon the Awardee’s Termination of Service, except in
the case of Restricted Shares as expressly provided in Section 2.3. The certificates evidencing the Restricted Shares shall bear a legend referring to the risk of forfeiture. 

 (D) Additional Shares or Substituted Securities. In the event of a stock
split, reverse stock split, stock dividend, recapitalization, combination, or reclassification of the Common Stock or any other increase or decrease in the number of issued and outstanding Shares effected without receipt of consideration by the
Company, any new, substituted, or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed with respect to any Restricted Shares or into which such
Restricted Shares thereby become convertible shall immediately be subject to a risk of forfeiture as provided herein. 
 (E)
Escrow. At the discretion of the Administrator, the certificates representing the granted Shares may, upon issuance, be deposited in escrow with the Company to be held in accordance with the provisions of this Stock Award Agreement. If the
granted Shares are held in escrow, as provided in this subsection, any new, substituted or additional securities or other property described in Section 2.4(D) above shall immediately be delivered to the Company to be held in escrow, but only to
the extent the granted Shares are at the time Restricted Shares. All regular cash dividends on Restricted Shares (or other securities) at the time held in escrow shall be paid directly to the Awardee and shall not be held in escrow. Restricted
Shares, together with any other assets or securities held in escrow hereunder, shall be (i) surrendered to the Company for cancellation upon forfeiture thereof; or (ii) released to the Awardee upon request, but only to the extent that the
granted Shares are no longer Restricted Shares. 
 2.5 Leave of Absence. The Awardee shall not incur a Termination of
Service when the Awardee goes on any bona fide leave of absence, if the leave was approved by the Company (or Affiliate employing him) in writing and if continued crediting of service is required by the terms of the leave or by applicable law. The
Awardee shall incur a Termination of Service when the approved leave ends, however, unless the Awardee immediately returns to active work. 

2.6 Rights as a Stockholder. The Awardee shall have the rights of a stockholder of the Company with respect to any
installment of Shares granted under this Stock Award Agreement, including the right to vote the granted Shares. 
 2.7
Regulatory Compliance. The issuance of Common Stock pursuant to this Stock Award Agreement shall be subject to full compliance with all applicable requirements of law and the requirements of any stock exchange or interdealer quotation system
upon which the Common Stock may be listed or traded. 
 2.8 Vesting if Sale Prohibited by Insider Trading Policy. The
Company has established an Insider Trading Policy (as such policy may be amended from time to time, the “Policy”) relative to trading while in possession of material, undisclosed information. The Policy prohibits officers, directors,
employees, and consultants of the Company and its subsidiaries from trading in securities of the Company during certain “Blackout Periods” as described in the Policy. If a scheduled vesting date for Shares falls on a day during such a
Blackout Period, then the Shares that would otherwise have vested on such date shall not vest on such date, but shall instead vest, provided the Awardee remains a Service Provider, on the second business day after the last day of the Blackout Period
applicable to the Shares. 
 2.9 Withholding Tax. The Company’s obligation to deliver the granted Shares or to
remove any restrictive legends upon vesting of such Shares under the Plan shall be subject to the satisfaction of all applicable federal, state, local, and foreign income and employment tax withholding requirements. The Awardee shall pay to the
Company an amount equal to the withholding amount (or the Company may withhold such amount from the Awardee’s salary) in cash. At the Administrator’s discretion, the Awardee may pay the withholding amount with Shares; provided, however,
that payment in Shares shall be limited to the withholding amount calculated using the minimum statutory withholding rates. 

2.10 Plan. This Stock Award Agreement is subject to all provisions of the Plan, receipt of a copy of which is hereby
acknowledged by the Awardee. The Awardee shall accept as binding, conclusive, and final all decisions and interpretations of the Administrator upon any questions arising under the Plan and this Stock Award Agreement. 

2.11 Successors. This Stock Award Agreement shall inure to the benefit of and be binding upon the parties hereto and
their legal representatives, heirs, and permitted successors and assigns. 
 2.12 Restrictions on Resale. The Awardee
agrees not to sell any Shares at a time when applicable laws, Company policies, or an agreement between the Company and its underwriters prohibit a sale. This restriction shall apply as long as the Awardee is a Service Provider and for such period
after the Awardee’s Termination of Service as the Administrator may specify. 
 2.13 Lock-Up Agreement. In
connection with any underwritten public offering of Shares made by the Company pursuant to a registration statement filed under the Securities Act, the Awardee shall not offer, sell, contract to sell, pledge, hypothecate, grant any option to
purchase or make any short sale of, or otherwise dispose of any Shares or any rights to acquire Shares of the Company for such period beginning on the date of filing of such registration statement with the Securities and Exchange Commission and
ending at the time as may be established by the underwriters for such public offering; provided, however, that such period shall end not later than 180 days from the effective date of such registration statement. The foregoing limitation shall not
apply to shares registered for sale in such public offering. 

 2.14 Entire Agreement; Governing Law. This Stock Award Agreement and the
Plan constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Awardee with respect to the subject matter hereof, and may not
be modified adversely to the Awardee’s interest except by means of a writing signed by the Company and the Awardee. This Stock Award Agreement is governed by the internal substantive laws, but not the choice of law rules, of Delaware. 

2.15 No Guarantee of Continued Service. The vesting of the Shares pursuant to the vesting schedule hereof is earned only
by continuing as a Service Provider at the will of the Company (and not through the act of being hired or being granted Shares hereunder). This Stock Award Agreement, the transactions contemplated hereunder, and the vesting schedule set forth herein
constitute neither an express nor implied promise of continued engagement as a Service Provider for the vesting period, for any period, or at all, and shall not interfere with Awardee’s right or the Company’s right to terminate
Awardee’s relationship as a Service Provider at any time, with or without cause. 
 2.16 Section 409A.
Notwithstanding anything herein or in the Plan to the contrary, this Stock Award Agreement is intended to comply with the requirements of Section 409A of the Code, and shall be interpreted in a manner consistent with that intention. 

By the Awardee’s signature and the signature of the Company’s representative below, the Awardee and the Company
agree that this Award is granted under and governed by the terms and conditions of this Stock Award Agreement and the Plan. The Awardee has reviewed this Stock Award Agreement and the Plan in their entirety, has had an opportunity to obtain the
advice of counsel before executing this Stock Award Agreement and fully understands all provisions of this Stock Award Agreement and the Plan. The Awardee hereby agrees to accept as binding, conclusive, and final all decisions or interpretations of
the Administrator upon any questions relating to this Stock Award Agreement and the Plan. 

 The Awardee further agrees that the Company may deliver by email all documents
relating to the Plan or this Award (including prospectuses required by the Securities and Exchange Commission) and all other documents that the Company is required to deliver to its security holders (including annual reports and proxy statements).
The Awardee also agrees that the Company may deliver these documents by posting them on a web site maintained by the Company or by a third party under contract with the Company. 

 

									
	 AWARDEE
	 		 	 DIODES INCORPORATED

					
	 By
	 	 /s/ Keh-Shew Lu
	 		 	 By
	  	 /s/ Richard D. White

		 	 Keh-Shew Lu
	 		 		  	 Richard D. White,

Chief Financial Officer

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