Document:

EX-10.10

 Exhibit 10.10 

STOCK OPTION AGREEMENT 

This Stock Option Agreement (this “Agreement”) is made and entered into this [    ]th day of
[                    ], by and between Ichor Holdings, Ltd., a Cayman Islands corporation (the “Company”) and
[                    ] (“Optionee”). 

WHEREAS, the Company’s board of directors (“Board”) and the Company’s members have adopted the Ichor Holdings, Ltd.
2012 Equity Incentive Plan (the “Plan”), attached hereto as Exhibit A. 
 WHEREAS, the Board desires to make an
award to Optionee and Optionee desires to accept such award. 
 Each capitalized term used herein but not otherwise defined shall have the
meaning given such term in the Plan. 
 NOW, THEREFORE, the parties hereto agree as follows: 

1. Grant of Stock Option Award. The Board hereby grants to Optionee a Non-Statutory Option to acquire
[                    ] Shares of Stock at an Exercise Price of
$[                ] per Share. Subject to earlier expiration pursuant to the terms of this Agreement, the Option shall be exercisable until the seventh
(7th) anniversary of this Agreement (the “Expiration Date”). Optionee hereby acknowledges and agrees that the Option is subject to all applicable terms and conditions of the Plan and the terms and conditions set forth herein.

 2. Vesting/Exercisability. Upon the first anniversary of this Agreement, 25% of the Shares subject to the Option shall become
vested. Commencing on such anniversary, the remaining Shares subject to the Option shall become vested in twelve (12) equal quarterly installments on the last day of each quarter. Shares subject to this Option which have vested pursuant to the
preceding sentence or otherwise pursuant to the Plan (“Vested Options”) may be exercised at any time prior to the Expiration Date; no Share subject to this Option which has not vested may be exercised. Exercise of this Option shall
be by written notice to the Company setting forth the number of Vested Options being exercised. 
 3. Payment. Upon exercise of the
Option, the Exercise Price for all Shares at to which the Option is then being exercised shall be payable in cash; provided that, with the prior written consent of the Company, all or any part of the Exercise Price may be paid by surrendering, or
attesting to the ownership of, Shares that are already owned by the Optionee. In such event, such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value as of the date when the Option is
exercised. If the Stock is publicly traded, all or part of the Exercise Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to
sell the Shares and to deliver all or part of the sales proceeds to the Company. 

  
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 4. Withholding Taxes. In connection with the exercise of this Option, the Company shall be
entitled to withhold from the Optionee the amount of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. 

5. No Rights as a Member. An Optionee shall have no rights as a member with respect to any Shares covered by the Option until
the Optionee becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant to the terms hereof. 

6. Modification of Options. Within the limitations of the Plan, the Company may modify the terms of the Options or may accept
the cancellation of the Options in return for the grant of new Options for the same or a different number of Shares and at the same or a different Exercise Price. The foregoing notwithstanding, no modification of the Option shall impair the
Optionee’s rights or increase the Optionee’s obligations under the Option without the consent of the Optionee.  

7. No Retention Rights. Nothing in this Agreement shall confer upon the Optionee any right to continue in Service for any period
of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining the Optionee) or of the Optionee, which rights are hereby expressly reserved by each, to terminate
your Service at any time and for any reason, with or without cause. 
 8. Treatment as Compensation. Any compensation
that Optionee earns or is deemed to earn under this Agreement shall not be considered a part of Optionee’s compensation for purposes of calculating contributions, accruals or benefits under any other plan or program that is maintained or funded
by the Company, a Parent or a Subsidiary. 
 9. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Delaware, as such laws are applied to contracts entered into and performed in such State. 

*    *    *    *    * 

  
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 IN WITNESS WHEREOF, this Agreement has been entered into on the date first written above. 

 

			
	ICHOR HOLDINGS, LTD.
	
	  

	By:	 	  

	Its:	 	  

	
	[OPTIONEE]
	
	  

  
 3EX-10.16

 Exhibit 10.16 

Ichor Systems USA / Austin 
 200-C
Parker Drive 
 #600 
 Austin. TX
78728 
 tel +1 512 246 9092 
 fax
+1 512 246 5195 
 January 8, 2013 
 Philip Barros 

[Personal Address] 
 Dear Phil: 

I am pleased to confirm the following provisions regarding your employment with Ichor Systems as follows: 

Salary 
 Your earned base salary is $9,038.46
biweekly, which when annualized is equivalent to $235,000 with an increase to $9,615.38 biweekly ($250,000 annualized) effective April 1, 2013. 

Title 
 Your title is Sr. Vice President of
Engineering. 
 Retention Bonus 
 You are
eligible for a retention bonus in the amount of $50,000. You will be paid $25,000 on April 5, 2013. You will be eligible for another $12,500 on August 9, 2013 and $12,500 on December 27, 2013. You must be employed with Ichor Systems
at the time of payout to receive these payments. 
 Incentive Bonus 

You currently participate in the Company’s performance incentive program. This program is subject to the terms and conditions of the plan and at the
discretion of the Board of Directors. Your target bonus is 35% of your annual base salary with an opportunity to exceed this amount up to 70% of your annual base salary. This bonus will be comprised of two components. You are eligible to earn 40% of
your annual bonus based on successful completion of established MBOs and 60% of your annual bonus based on companywide financial metrics. This plan is subject to change at any time at the Company’s discretion. 

 Stock Option & Equity Participation 

As you are aware, you currently participate in the Ichor Holdings, LTD 2012 Equity Incentive Plan. Vesting and other provisions will be in accordance with the
plan document. 
 Severance 
 In the event that
the company terminates your employment without cause within twelve (12) months of a change of control, subject in each case to your execution and non-revocation of a general release and waiver of claims in the form provided by the Company, you
shall be entitled to receive a severance payment equal to six (6) months of your base salary. 
 In the event that the company terminates your
employment without cause due to downsizing, subject in each case to your execution and non-revocation of a general release and waiver of claims in the form provided by the Company, you shall be entitled to receive a severance payment equal to three
(3) months of your base salary. 
 “Cause” shall mean (a) any refusal by you to perform your reasonable duties and responsibilities
in connection with your employment with Ichor Systems, provided that (i) the Company has delivered to you a written warning describing the occurrence of any such act(s) or omission(s) in reasonable detail and (ii)you have not cured the
circumstances giving rise to the alleged Cause within fifteen (15) days following your receipt of such warning (Hi) any act of fraud, embezzlement, theft, or misappropriation by you or your commission of any other felony crime involving moral
turpitude (iv) any gross negligence or willful connection with your employment with Ichor Systems, or (iv) any material breach by you of any of the terms contained in this compensation letter. 

Benefits 
 All other benefits such as
Health & Welfare, 401K, paid time off and related employee benefits remain unchanged. 
 Confidentiality 

You are fully bound by, and subject to the obligations of, Section 8.13 (Non-Compete; Non-Solicitation) of the Purchase Agreement per your signed Joinder
to Non-Compete and Non-Solicit. 
 Per company policy, your employment with Ichor Systems is at will. This means that either you or Ichor Systems may
terminate the employment relationship at any time, with or without cause, with or without notice. 
 With respect to the nature of your employment
relationship with Ichor Systems, this constitutes the full, complete, and final agreement between you and Ichor Systems. This agreement cannot be modified or amended unless done so in writing and signed by both you and the President of Ichor
Systems. Additionally, no element or elements of the compensation plan listed above can be assigned or transferred by you to any other person, company, or entity of any type. 

  

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	Sincerely,
	
	Ichor Systems, Inc.
	
	 /s/ Jennifer S. Speer

	Jennifer S. Speer Director of Human Resources

 ACKNOWLEDGEMENT 

I, the undersigned, understand and agree to the terms and conditions of employment set forth in this letter. I understand and agree that the terms of this
letter supersede any and all prior or contemporaneous agreements and/or promises concerning the terms of my employment and that there are no other promises, expressed or implied, concerning the terms of my employment with Ichor Systems, Inc., other
than those expressly set forth or reference herein. 
  

							
	 /s/ Phil Barros
	 		 		 	 1/28/2013

	Phil Barros	 		 		 	Date

  

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