Document:

Microsemi Corporation 2007 Executive Cash Bonus Plan

 Exhibit 10.97.2 
 MICROSEMI 2007 EXECUTIVE CASH BONUS PLAN 

 This Microsemi 2007
Executive Cash Bonus Plan is adopted in accordance with and as a Subplan pursuant to the Microsemi Cash Bonus Plan. The Microsemi 2007 Executive Cash Bonus Plan, including the Microsemi Cash Bonus Plan, is herein referred to as this
“Plan.” 
 1. General 
 1.1 Performance
Period. The Performance Period for this Plan shall be fiscal year 2007. 
 1.2 Plan. The terms of the Microsemi Cash Bonus Plan are deemed
incorporated herein and each Award hereunder shall be on and subject to all of the terms and conditions thereof, as supplemented hereby. In case of conflicts, the terms and provisions in the Microsemi Cash Bonus Plan shall control over the terms and
provisions contained in this document. 
 1.3 Participants. For purposes of this Plan, the Plan Participants are all of the executive officers of the
Company that are listed in Section 3, hereinbelow. 
 1.4 Effective Date. This Plan is effective as of March 29, 2007. 
 2. Performance Goals. 
 2.1 Individual Goals. The CEO and each
direct report of the CEO shall have the individual Performance Goals that the Committee approves in writing from time to time during the Performance Period. The CEO will communicate regularly with the Committee concerning individual Performance
Goals for the other Plan Participants. 
 2.2 Performance Evaluations. The Committee shall conduct the Performance Evaluation of the CEO. Also the CEO
shall conduct Performance Evaluations of each of his direct reports, which shall be submitted by the CEO to the Committee to be reviewed and considered. The evaluations are to be based on a review of the Plan Participant’s achievement of all
relevant Performance Goals. 
 2.3 Operating Margin Minimum. The Operating Margin Minimum for this Plan shall be determined annually by the
Compensation Committee. This Operating Margin Minimum must be achieved or exceeded in order for there to be any payout of Awards under this Plan. 
 3.
Participation Levels. The participation level for this Plan shall be determined for each Plan Participant as of the end of the Performance Period (“Actual Participation Level”). The table set forth below shows the anticipated
participation levels if the actual 

  

					
	

	 		 	

					
	Effective: 03/29/2007	 		 	Last Update: 03/29/2007
	Microsemi 2007 Executive Cash Bonus Plan	 	

 MICROSEMI 2007 EXECUTIVE CASH BONUS PLAN 

  

 
performance targets and goals are achieved (“Target Participation Levels”). The Committee may approve adjustments upward or downward based upon
actual performance by the Plan Participant versus the goals set for the Plan Participant in connection with this Plan. These adjustments can vary the Actual Participation Level from 0 to 2 times the Target Participation Levels stated in the table.

  

						
	Participation Levels Table	 
	1	  	President and Chief Executive Officer	  	90	%
	2	  	Executive Vice President, Chief Operating Officer and President of High Reliability	  	70	%
	3	  	Executive Vice President and President of High Performance Analog Mixed Signal	  	50	%
	4	  	Executive Vice President, Chief Financial Officer and Secretary	  	50	%
	5	  	Senior Vice President of Human Resources	  	40	%
	6	  	Vice President of Finance, Chief Accounting Officer and Treasurer	  	30	%

 The immediately preceding table states each participant’s Target Participation Level. After the Performance
Period, there is a Performance Evaluation. Based on the Committee’s approval or determination, the Target Participation level is multiplied by a factor that can range from zero (0) to two (2) and the product will equal the Actual
Participation Level. As an illustration of this, if the Target Participation Level for the CEO equals 90%, then his Actual Participation Level would be from 0% to 180%; therefore, his Actual Participation Level could be from 0% to 180% of his base
salary. Assuming, for example such CEO has at such time, a Base Salary of $575,000. The Target Participation Level Multiplied by the base salary would be $517,500. Depending upon the results of the Performance Evaluation, an Actual Participation
Level of such CEO multiplied by the CEO’s base salary could be any amount from $0 to $1,035,000, and the midpoint of that range would be $517,500. 
 After the Target Participation Levels are adjusted in order to obtain the Actual Participation Levels, the Actual Participation Level is multiplied by the base salary for each of the Plan Participants. These amounts are added together. The
sum is the maximum amount of the Bonus Pool, and each Participant’s pro rata portion of the sum is determined. The amount of the Bonus Pool is then determined by the Committee, based on and in accordance with all terms, limitations, and
conditions of this Plan, not to exceed the maximum amount of the Bonus Pool as stated above. The Bonus Pool shall be allotted among the Plan Participants pro rata determined as stated above. 
  

					
	

	 		 	

					
	Effective: 03/29/2007	 		 	Last Update: 03/29/2007
	Microsemi 2007 Executive Cash Bonus PlanForm of Notice of Restricted Stock Award and Restricted Stock Agreement

 Exhibit 10.114 
 NOTICE OF RESTRICTED STOCK AWARD 
 under the 
 1987 MICROSEMI CORPORATION STOCK PLAN 
  

			
	Name of Employee:	 	«First_Name» «Last_Name»
	Date of Grant:	 	  

 You have been granted shares of Common Stock, par value $.20 per share (the “Restricted Stock
Award”) of Microsemi Corporation (the “Company”) pursuant and subject to the terms and conditions of the 1987 Microsemi Corporation Stock Plan (the “Plan”). The Restricted Stock Award is initially nontransferable and is
subject to a substantial risk of forfeiture. Pending the lapse of these restrictions, the Restricted Shares shall bear applicable restrictive legends and shall be held in the custody of a custodian acceptable to the Company. The amount of shares of
Common Stock and the time relative to the Grant Date on which such restrictions shall lapse are set forth in the following table: 
  

							
	  	  	 Restrictions Lapse as to These Respective Numbers
of Shares

	 On Sixth (6th) Anniv.
	  		  		  	
		  		  	 	  	
	 On Fifth (5th) Anniv.
	  		  		  	
		  		  	 	  	
	 On Fourth (4th) Anniv.
	  		  		  	
		  		  	 	  	
	 On Third (3rd) Anniv.
	  		  		  	
		  		  	 	  	
	 On Second (2nd) Anniv.
	  		  		  	
		  		  	 	  	
	 On First (1st) Anniv.
	  		  		  	
		  		  	 	  	
	 On Date of Grant
	  		  		  	
		  		  	 	  	
	 Total of above Numbers of Shares
 Subject to this Grant:
	  		  		  	
		  		  	 	  	

 Please read the Notice of Restricted Stock Award (“Notice”) and the attached or linked
Restricted Stock Agreement, the Plan and the Plan Prospectus. This Restricted Stock Award is subject to and governed by the terms and conditions of the 1987 Microsemi Corporation Stock Plan, as amended, this Notice and the accompanying or linked
Restricted Stock Agreement, each of which are made a part of one agreement (this “Agreement”). If you do not agree to any of these terms, you must promptly return this Notice to the Plan administrator unsigned by you, and in that event
this Notice and the Award referred to herein shall immediately become void (of no force or effect whatsoever). 
 By their signatures, the
Company’s representatives hereby execute this Notice and by Employee’s signature Employee acknowledges receipt and confirms Employee’s agreement with the terms and conditions of this Agreement. 
  

									
	EMPLOYEE:	 		 	MICROSEMI CORPORATION
					
	 Signature:
	 	  
	 		 	By:	 	  

	 Name:
	 	«First_Name» «Last_Name»	 		 	Name:	 	James J. Peterson
		 		 		 	Title:	 	President & CEO
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	David R. Sonksen
		 		 		 	Title:	 	Executive Vice President, CFO and Secretary

 MICROSEMI CORPORATION 
 RESTRICTED STOCK AGREEMENT 
 UNDER THE 1987 MICROSEMI CORPORATION
STOCK PLAN 
 THIS RESTRICTED STOCK AGREEMENT (“Agreement”), made as of the Date of Grant, accompanies a Notice of
Restricted Stock Award (“Notice”), between Microsemi Corporation, a Delaware corporation (the “Company”) and the Restricted Stock grantee (“Employee”), whose identity is as set forth in the Notice. 
 WHEREAS, the Company desires to afford Employee an opportunity to own shares of the Company’s authorized common stock, par value $0.20 (the
“Common Stock”) in order to carry out the purposes of and pursuant to the 1987 Microsemi Corporation Stock Plan (the “Plan”); and 
 WHEREAS, the Company desires to grant Employee restricted shares on the terms and subject to the conditions of this Agreement, including the terms and conditions of the Plan and of the Notice, which are incorporated
herein; 
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable considerations, the
parties have agreed, and do hereby agree, as follows: 
 Section 1. Grant of Restricted Shares 
 On the terms and conditions set forth in the Notice of and on the further terms and conditions set forth in this Agreement, the Company grants to the
Employee the number of shares set forth in the Notice (“Restricted Shares”) which have restrictions that lapse at the times and in the respective amounts as provided in the Notice. The Notice sets forth the amounts as to which these
restrictions lapse on the Date of Grant or on one or more anniversaries thereof, as specified in the Notice. To the extent any information in the Notice, this Agreement, or other information provided by the Company conflicts with the Plan, the terms
and conditions of the Plan shall control. All capitalized terms in the Notice shall have the meanings ascribed to them in this Agreement. 
 Section 2. Termination of Employment, Disability, or Death 
 In the event the Employee ceases to be an employee
of the Company and its subsidiaries for any reason, any Restricted Shares granted to the Employee with respect to which the restrictions have not lapsed will be forfeited immediately; provided, however, that if the Employee ceases to be an employee
of the Company due to death, the Restricted Shares due to vest within two (2) years after such termination by death will immediately vest in full, and any other Restricted Shares granted to the Employee under this Agreement will be forfeited.

 Section 3. Modification, Extension, and Renewal of Restrictions: Alteration of Vesting Periods 
 Subject to the terms and conditions of the Plan, the Committee may modify the restrictions applicable to any Restricted Stock Award in such a way as would
be consistent with the Plan and not less advantageous to the Employee. Without limitation of the foregoing, the Committee may at any time and from time to time in its discretion designate shorter vesting periods for the Restricted Shares or modify
any other terms or conditions applicable to the Restricted Shares; provided, however, the Committee shall have no obligation whatsoever to make any changes to the Restricted Stock Award. 
 Section 4. Changes in Capital Structure 
 If the outstanding securities of the class then
constituting the Restricted Shares are increased, decreased or exchanged for or converted into cash, property or a different number or kind of shares or securities, or if cash, property or shares or securities are distributed in respect of such
outstanding securities constituting Restricted Shares, in either case as a result of a reorganization, merger, consolidation, recapitalization, restructuring, reclassification, dividend or other distribution, stock split, reverse stock split,
spin-off or the like, or if substantially all of the property and assets of the Company are sold, then, unless the terms of such transaction shall provide otherwise, the Committee shall make appropriate and proportionate adjustments in the number
and type of shares or other securities or cash or other property that may constitute the Restricted Shares. Any amounts paid in respect of Restricted Shares shall be treated as additional Restricted Shares and shall be subject to the same
restrictions and other terms and conditions that apply to the Restricted Shares with respect to which such securities or assets are paid. 
  

 1 

 Section 5. Withholding Taxes 
 In the event that any federal, state, or local income taxes, employment taxes, Federal Insurance Contributions Act withholdings, or other amounts are
required by applicable law or governmental regulation to be withheld from Employee’s salary, wages, or other remuneration in connection with the grant or vesting of Restricted Shares, the Company may withhold from Employee’s wages, if any,
or other remuneration, or may require Employee to advance in cash to the Company, or to any affiliate of the Company which employs or employed Employee, the amount of such withholdings, unless a different withholding arrangement, including share
withholding or the use of previously owned shares of the Company’s common stock (which the Committee may require to have been held for at least six (6) months), is authorized by the Committee in its discretion (and permitted by law). If
the fair market value of any shares of the Company’s common stock withheld is less than the amount of payroll withholdings required, the Employee may be required to advance the difference in cash to the Company or the affiliate employer. The
Committee may condition any transfer of any shares of the Company’s common stock and the lifting of any restrictions on any Restricted Shares on the satisfaction by Employee of the foregoing withholding obligations. 
 Section 6. Other Restricted Stock Award Terms 
 The (i) number of Restricted Shares, (ii) Date of Grant of the Restricted Shares, (iii) original vesting schedule for the Restricted Shares, and (iv) any other performance criteria or other conditions to vesting are as
set forth in the Notice. 
 Section 7. Non-Transferability 
 As to all Restricted Shares whose restrictions shall not yet have lapsed, such shares shall not be assignable or transferable except (i) by will or by the laws of descent and distribution, or (ii) subject to
the final sentence of this Section 8, upon dissolution of marriage pursuant to a property settlement or domestic relations order, or (iii) as permitted on a case-by-case basis in the discretion of, and subject to such conditions as may be
imposed by, the Committee to permit transfers to immediate family members, family trusts or family foundations of the Employee under circumstances that would not adversely affect the interests of the Company. Until such time as, and except to the
extent that, these restrictions lapse pursuant to this Agreement, the Restricted Shares shall be evidenced by a certificate bearing a legend indicating that restrictions on transfer exist under this Agreement. 
 Section 8. Compliance with Securities Laws 
 The obligation of the Company to sell, issue or deliver shares of its common stock under the Plan is subject to all applicable federal, state and foreign laws, rules and regulations and to such approvals by any governmental or regulatory
agency as may be required. 
 The Company shall not be required to register in a Employee’s name or deliver any shares of its common
stock prior to the completion of any registration or qualification of such shares under any federal, state or foreign law or any ruling or regulation of any government body which the Committee shall, in its sole discretion, determine to be necessary
or advisable. The Plan constitutes an unfunded arrangement for key employees. Unless the shares of the Company’s common stock constituting the Restricted Shares have been registered under the Securities Act of 1933, as amended, or the Company
has determined that such registration is unnecessary, the Employee may be required by the Company to give a representation in writing that the Employee will retain such shares of Company common stock for his or her own account for investment and not
with a view to, or for sale in connection with, the distribution of any part thereof, and the Company may issue stop transfer instructions to its transfer agent. Furthermore, the Company may stamp any certificates representing Restricted Shares
with, among other things, a legend to the effect that such shares have not been registered under the Securities Act of 1933 and that the Common Stock may not be sold or transferred until so registered, or until an opinion of counsel satisfactory to
the Company is received to the effect that such registration is not necessary. In the event the Restricted Shares issued under the Agreement are registered under the Securities Act of 1933, as amended, then such investment representations and legend
restrictions pursuant to federal securities law shall be inapplicable with respect to the Restricted Shares. 
  

 2 

 Section 9. No Right to Company Employment 
 Nothing in the Plan or as a result of the grant of Restricted Shares shall confer on the Employee any right to continue in the employ of the Company or
interfere in any way with the right of the Company to terminate the Employee’s employment at any time. 
 Section 10. Rights as a Stockholder

 Subject to the provisions of the Plan, the Notice and this Agreement, Employee shall have all of the powers, preferences, and
rights of a holder of Common Stock with respect to the shares of Common Stock comprising the Restricted Shares. In order to facilitate the safekeeping of the Restricted Shares, Employee and Company hereby appoint Mellon Investor Services LLC, or
their designate, as custodian of the Restricted Shares pending the lapse of restrictions thereon at the time or on the conditions as set forth in the Notice. 
 Section 11. Venue 
 Each of the parties hereto consents to the jurisdiction of any state or federal court located
within the County of Orange, State of California, and irrevocably agrees that all actions or proceedings relating to this Agreement shall be litigated in such courts, and each of the parties waives any objection which it may have based on personal
jurisdiction, improper venue or forum non conveniens to the conduct of any such action or proceeding in any such court. 
 Section 12. Governing
Law 
 This Agreement shall be subject to, and governed by, the laws of the State of Delaware irrespective of the fact that one or
more of the parties now is, or may become, a resident of a different state. 
 Section 13. Entire; Binding and Severable Agreement

 The Notice, including the Agreement, and the Plan set forth the entire understanding between the parties as to the subject matter
hereof and supersedes all prior oral or written and contemporaneous oral discussion, agreement and understandings of any kind or nature. This Agreement shall inure to the benefit of and be binding on the parties hereto and their respective heirs,
executors, administrators, successors and assigns. In the event any parts of this Agreement are found to be void, the remaining provisions of this Agreement shall nevertheless be binding with the same effect as though the void parts were deleted.

 Section 14. The Plan 
 The
Restricted Shares are subject to, and the Company and Employee agree to be bound by, all of the terms and conditions of the Plan, as the same shall be amended from time to time in accordance with the terms thereof. A copy of the Plan and other
documents referred to herein are available for inspection by the Employee during business hours at the principal office of the Company. 
 Section 15. Certain Definitions 
 “Committee” shall mean the Company’s Compensation Committee or
any other committee appointed by the Board to administer the Plan or the Board itself to the extent it administers the Plan itself. 
 “Date of Grant” shall mean the date specified in the Notice. 
 “Restricted Stock Award” shall mean the Award of
Restricted Shares to the Employee under this Agreement in the amount specified in the Notice. 
 All capitalized terms used herein shall have
the meanings given to them in the Plan. 
  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}]]