Document:

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (“Agreement”) is made as of _________ __, 2016 by and between Motus GI Holdings, Inc., a
Delaware corporation (the “Company”), and ______________ (“Indemnitee”).

 

RECITALS

 

WHEREAS,
highly competent persons have become more reluctant to serve publicly-held corporations as directors or officers or in other capacities
unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims
and actions against them arising out of their service to and activities on behalf of the corporation and due to the fact that
such exposure frequently bears no relationship to compensation paid to such officers and directors;

 

WHEREAS,
the Company and Indemnitee recognize that plaintiffs often seek damages in such large amounts and the costs of litigation may
be so enormous (whether or not the case is meritorious), that the defense and/or settlement of such litigation is often beyond
the personal resources of directors and officers;

 

WHEREAS,
the Company’s Bylaws provide for the indemnification of the officers and directors of the Company to the fullest extent
permitted by the General Corporation Law of the State of Delaware (the “DGCL”). The Bylaws expressly provide that
the indemnification provisions set forth therein are not exclusive and contemplate that contracts may be entered into between
the Company and its directors and officers with respect to indemnification;

 

WHEREAS,
Section 145 of the DGCL empowers the Company to indemnify its officers, directors, employees and agents by agreement and to indemnify
persons who serve, at the Company’s request, as the directors, officers, employees or agents of other corporations or enterprises;

 

WHEREAS,
Section 102(b)(7) of the DGCL allows the Company to include in its Certificate of Incorporation a provision limiting or eliminating
the personal liability of a director for monetary damages in respect of claims by shareholders and corporations for breach of
certain fiduciary duties, and the Company has so provided in its Certificate of Incorporation that each director shall be exculpated
from such liability to the maximum extent permitted by law;

 

WHEREAS,
the Company, after reasonable investigation, has determined that the liability insurance coverage presently available to the Company
may be inadequate in certain circumstances to cover all possible exposure for which Indemnitee should be protected.

 

WHEREAS,
the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining
highly competent persons to serve as directors and officers. The Board has determined that the increased difficulty in attracting
and retaining such persons is detrimental to the best interests of the Company’s stockholders and that the Company should
act to assure such persons that there will be increased certainty of such protection in the future;

 

    	 	 	 

    	 

    

 

WHEREAS,
it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses
on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the
Company free from undue concern that they will not be so indemnified;

 

WHEREAS,
this Agreement is a supplement to and in furtherance of the Company’s Certificate of Incorporation and Bylaws and any resolutions
adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee
thereunder; and

 

WHEREAS,
Indemnitee does not regard the protection available under the Company’s Certificate of Incorporation, Bylaws and insurance
as adequate in the present circumstances, and may not be willing to serve as an officer or director without adequate protection,
and the Company desires Indemnitee to serve in such capacity. Indemnitee is willing to serve, continue to serve and to take on
additional service for or on behalf of the Company on the condition that he be so indemnified;

 

NOW,
THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant
and agree as follows:

 

Section
1. Services to the Company. Indemnitee agrees to serve as a director or officer of the Company or, at the request of the
Company, as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise. Indemnitee may at any time and for any reason resign from such position (subject to any other
contractual obligation or any obligation imposed by operation of law), in which event the Company shall have no obligation under
this Agreement to continue Indemnitee in such position. This Agreement shall not be deemed an employment contract between the
Company (or any of its subsidiaries or any other corporation, limited liability company, partnership, joint venture, trust employee
benefit plan or other enterprise of which Indemnitee was serving at the Company’s request as a director, officer, employee,
agent or fiduciary) and Indemnitee. Indemnitee specifically acknowledges that Indemnitee’s employment with the Company (or
any of its subsidiaries or any other corporation, limited liability company, partnership, joint venture, trust employee benefit
plan or other enterprise of which Indemnitee was serving at the Company’s request as a director, officer, employee, agent
or fiduciary), if any, is at will, and the Indemnitee may be discharged at any time for any reason, with or without cause, except
as may be otherwise provided in any written employment contract between Indemnitee and the Company (or any of its subsidiaries
or any other corporation, limited liability company, partnership, joint venture, trust employee benefit plan or other enterprise
of which Indemnitee was serving at the Company’s request as a director, officer, employee, agent or fiduciary). The foregoing
notwithstanding, this Agreement shall continue in force after Indemnitee has ceased to serve as an officer or director of the
Company.

 

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Section
2. Definitions. As used in this Agreement:

 

(a)
A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any
of the following events:

 

i.
Acquisition of Stock by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below),
directly or indirectly, of securities of the Company representing thirty-five percent (35%) or more of the combined voting power
of the Company’s then outstanding securities;

 

ii.
Change in Board. During any period of two (2) consecutive years (not including any period prior to the execution of this
Agreement), individuals who at the beginning of such period constitute the Board, and any new director (other than a director
designated by a person who has entered into an agreement with the Company to effect a transaction described in Sections 2(a)(i),
2(a)(iii) or 2(a)(iv)) whose election by the Board or nomination for election by the Company’s stockholders was approved
by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period
or whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority
of the members of the Board;

 

iii.
Corporate Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than
a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger
or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the
surviving entity) more than 51% of the combined voting power of the voting securities of the surviving entity outstanding immediately
after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing
body of such surviving entity;

 

iv.
Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement for
the sale or disposition by the Company of all or substantially all of the Company’s assets; and

 

v.
Other Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange
Act (as defined below), whether or not the Company is then subject to such reporting requirement.

 

For
purposes of this Section 2(a), the following terms shall have the following meanings:

 

(A)
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 

(B)
“Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that
Person shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of
the Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the
same proportions as their ownership of stock of the Company.

 

    	 	-3-	 

    	 

    

 

(C)
“Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act; provided, however,
that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the stockholders of the Company
approving a merger of the Company with another entity.

 

(b)
“Corporate Status” describes the status of a person who is or was a director, officer, employee, agent or fiduciary
of the Company or of any other corporation, limited liability company, partnership or joint venture, trust, employee benefit plan
or other enterprise which such person is or was serving at the request of the Company.

 

(c)
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect
of which indemnification is sought by Indemnitee.

 

(d)
“Expenses” shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts,
witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees,
and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing
to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses
also shall include (i) Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation
the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent,
and (ii) for purposes of Section 13(d) only, Expenses incurred by Indemnitee in connection with the interpretation, enforcement
or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise. Expenses, however, shall not include
amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

(e)
“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law
and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter
material to either such party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other
indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification
hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the
applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company
or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable
fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses,
claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.

 

    	 	-4-	 

    	 

    

 

(f)
“Proceeding” shall include any threatened, pending or completed action, suit, arbitration, alternate dispute resolution
mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought
in the right of the Company or otherwise and whether of a civil, criminal, administrative, legislative, or investigative nature,
including any appeal therefrom, in which Indemnitee was, is or will be involved as a party, potential party, non-party witness
or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action taken
by him or of any action on his part while acting as director or officer of the Company, or by reason of the fact that he is or
was serving at the request of the Company as a director, officer, employee or agent of another corporation, limited liability
company, partnership, joint venture, trust or other enterprise, in each case whether or not serving in such capacity at the time
any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses can be provided under
this Agreement; except one initiated by an Indemnitee to enforce his rights under this Agreement.

 

Section
3. Indemnity in Third-Party Proceedings. The Company shall indemnify Indemnitee in accordance with the provisions of this
Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding
by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be indemnified
to the fullest extent permitted by applicable law against all Expenses, judgments, fines and amounts paid in settlement actually
and reasonably incurred by Indemnitee or on his behalf in connection with such Proceeding or any claim, issue or matter therein,
if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the
Company and, in the case of a criminal proceeding had no reasonable cause to believe that his conduct was unlawful.

 

Section
4. Indemnity in Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee in accordance with
the provisions of this Section 4 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding
by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee shall be indemnified
to the fullest extent permitted by applicable law against all Expenses actually and reasonably incurred by him or on his behalf
in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made
under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court
to be liable to the Company, unless and only to the extent that the Delaware Court of Chancery or any court in which the Proceeding
was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances
of the case, Indemnitee is fairly and reasonably entitled to indemnification.

 

    	 	-5-	 

    	 

    

 

Section
5. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of
this Agreement, to the fullest extent permitted by applicable law and to the extent that Indemnitee is a party to (or a participant
in) and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole
or in part, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him in connection
therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one
or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses
actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or matter.
If the Indemnitee is not wholly successful in such Proceeding, the Company also shall indemnify Indemnitee against all Expenses
reasonably incurred in connection with a claim, issue or matter related to any claim, issue, or matter on which the Indemnitee
was successful. For purposes of this Section and without limiting the foregoing, if any Proceeding is disposed of, on the merits
or otherwise (including a disposition without prejudice), without (i) the disposition being adverse to Indemnitee, (ii) an adjudication
that Indemnitee was liable to the Company, (iii) a plea of guilty or nolo contendere by Indemnitee, (iv) an adjudication that
Indemnitee did not act in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests
of the Company and (v) with respect to any criminal proceeding, an adjudication that Indemnitee had reasonable cause to believe
Indemnitee’s conduct was unlawful, Indemnitee shall be considered for purposes of this Agreement to have been successful
with respect thereto.

 

Section
6. Indemnification For Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the fullest extent
permitted by applicable law and to the extent that Indemnitee is, by reason of his Corporate Status, a witness or otherwise participates
in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses actually and reasonably incurred
by him or on his behalf in connection therewith.

 

Section
7. Additional Indemnification.

 

(a)
Notwithstanding any limitation in Sections 3, 4, or 5, the Company shall indemnify Indemnitee to the fullest extent permitted
by applicable law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or
in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred by Indemnitee in connection with the Proceeding.

 

(b)
For purposes of Section 7(a), the meaning of the phrase “to the fullest extent permitted by applicable law” shall
include, but not be limited to:

 

i.
to the fullest extent permitted by the provision of the DGCL that authorizes or contemplates additional indemnification by agreement,
or the corresponding provision of any amendment to or replacement of the DGCL, and

 

ii.
to the fullest extent authorized or permitted by any amendments to or replacements of the DGCL adopted after the date of this
Agreement that increase the extent to which a corporation may indemnify its officers and directors.

 

    	 	-6-	 

    	 

    

 

Section
8. Exclusions. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement
to make any indemnity in connection with any claim made against Indemnitee:

 

(a)
for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision,
except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or

 

(b)
for any Proceedings with respect to which final judgment is rendered against Indemnitee for payment of (i) an accounting of profits
made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section
16(b) of the Exchange Act (as defined in Section 2(a) hereof) or similar provisions of state statutory law or common law, or (ii)
any reimbursement of the Company by the Indemnitee of any bonus or other incentive-based or equity-based compensation or of any
profits realized by the Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act
(including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley
Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale
by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act), or

 

(c)
any Proceeding involving the enforcement of non-compete and/or non-disclosure agreements or the non-compete and/or non-disclosure
provisions of employment, consulting or similar agreements the Indemnitee may be a party to with the Company or any subsidiary
of the Company or any other applicable foreign or domestic corporation, partnership, joint venture, trust or other enterprise,
if any; or

 

(d)
except as provided in Section 13(d) of this Agreement, in connection with any Proceeding (or any part of any Proceeding) initiated
by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors,
officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior
to its initiation or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the
Company under applicable law.

 

Section
9. Advances of Expenses. The Company shall advance, to the extent not prohibited by law, the Expenses incurred by Indemnitee
in connection with any Proceeding, and such advancement shall be made within thirty (30) days after receipt by the Corporation
of (i) a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after
final disposition of any Proceeding, and (ii) an undertaking by or on behalf of Indemnitee to repay such amount or amounts, only
if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Corporation
as authorized by this Agreement or otherwise. Such undertaking shall be accepted without reference to the financial ability of
Indemnitee to make such repayment. Advances shall be unsecured and interest free. Advances shall include any and all reasonable
Expenses incurred pursuing an action to enforce this right of advancement, including Expenses incurred preparing and forwarding
statements to the Company to support the advances claimed. This Section 9 shall not apply to any claim made by Indemnitee for
which indemnity is excluded pursuant to Section 8 or to any Proceeding for which the Company has assumed the defense thereof in
accordance with Section 10(b) of this Agreement.

 

    	 	-7-	 

    	 

    

 

Section
10. Procedure for Notification and Defense of Claim.

 

(a)
Indemnitee shall notify the Company in writing of any matter with respect to which Indemnitee intends to seek indemnification
or advancement of Expenses hereunder as soon as reasonably practicable following the receipt by Indemnitee of written notice thereof.
The written notification to the Company shall include a description of the nature of the Proceeding and the facts underlying the
Proceeding. To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including
therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to
determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of such action,
suit or proceeding. The omission by Indemnitee to notify the Company hereunder will not relieve the Company from any liability
which it may have to Indemnitee hereunder or otherwise than under this Agreement, and any delay in so notifying the Company shall
not constitute a waiver by Indemnitee of any rights under this Agreement. The Secretary of the Company shall, promptly upon receipt
of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification.

 

(b)
In the event the Company shall be obligated to pay the Expenses of Indemnitee with respect to a Proceeding, as provided in this
Agreement, the Company shall be entitled to assume the defense of such Proceeding, with counsel reasonably acceptable to Indemnitee,
upon delivery of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee
and retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of
counsel subsequently incurred by Indemnitee with respect to the same Proceeding, provided that (1) Indemnitee shall have the right
to employ Indemnitee’s own counsel in such Proceeding at Indemnitee’s expense and (2) if (i) the employment of counsel
by Indemnitee has been previously authorized in writing by the Company, (ii) counsel to the Company or Indemnitee shall have reasonably
concluded that there may be a conflict of interest or position, or reasonably believes that a conflict is likely to arise, on
any significant issue between the Company and the Indemnitee in the conduct of such defense or (iii) the Company shall not, in
fact, have employed counsel to assume the defense of such Proceeding, then the fees and expenses of Indemnitee’s counsel
shall be at the expense of the Company, except as otherwise expressly provided by this Agreement.

 

(c)
The Company will be entitled to participate in the Proceeding at its own expense.

 

    	 	-8-	 

    	 

    

 

Section
11. Procedure Upon Application for Indemnification.

 

(a)
Upon written request by Indemnitee for indemnification pursuant to Section 10(a), a determination, if required by applicable law,
with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change in Control shall have
occurred after the date of this Agreement, by Independent Counsel in a written opinion to the Board, a copy of which shall be
delivered to Indemnitee; or (ii) if a Change in Control shall not have occurred after the date of this Agreement, (A) by a majority
vote of the Disinterested Directors, even though less than a quorum of the Board, (B) by a committee of Disinterested Directors
designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (C) if there are no
such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the
Board, a copy of which shall be delivered to Indemnitee or (D) if so directed by the Disinterested Directors, by the stockholders
of the Company; and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made
within ten (10) days after such determination. Indemnitee shall cooperate with the person, persons or entity making such determination
with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon
reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and
which is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or Expenses (including attorneys’
fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination
shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and
the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

(b)
In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 11(a)
hereof, the Independent Counsel shall be selected as provided in this Section 11(b). If a Change in Control shall not have occurred
after the date of this Agreement, the Independent Counsel shall be selected by the Board, and the Company shall give written notice
to Indemnitee advising him of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred
after the date of this Agreement, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that
such selection be made by the Board, in which event the preceding sentence shall apply), and Indemnitee shall give written notice
to the Company advising it of the identity of the Independent Counsel so selected. In either event, Indemnitee or the Company,
as the case may be, may, within ten (10) days after such written notice of selection shall have been given, deliver to the Company
or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection
may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent
Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth with particularity the factual basis
of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written
objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until
such objection is withdrawn or a court has determined that such objection is without merit. If, within twenty (20) days after
the submission by Indemnitee or the Company, as the case may be, of a written objection, no Independent Counsel shall have been
selected and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of
any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or
for the appointment as Independent Counsel of a person selected by the Court or by such other person as the Court shall designate,
and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel
under Section 11(a) hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 13(a) of this
Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the
applicable standards of professional conduct then prevailing).

 

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Section
12. Presumptions and Effect of Certain Proceedings.

 

(a)
In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such
determination shall, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification under
this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 10(a) of this Agreement, and
the Company shall, to the fullest extent not prohibited by law, have the burden of proof to overcome that presumption in connection
with the making by any person, persons or entity of any determination contrary to that presumption. Neither the failure of the
Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement of any
action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable
standard of conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that
Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee
has not met the applicable standard of conduct.

 

(b)
Subject to Section 13(e), if the person, persons or entity empowered or selected under Section 11 of this Agreement to determine
whether Indemnitee is entitled to indemnification shall not have made a determination within sixty (60) days after receipt by
the Company of the request therefor, the requisite determination of entitlement to indemnification shall, to the fullest extent
not prohibited by law, be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement
by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable
law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional thirty (30)
days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires
such additional time for the obtaining or evaluating of documentation and/or information relating thereto; and provided, further,
that the foregoing provisions of this Section 12(b) shall not apply (i) if the determination of entitlement to indemnification
is to be made by the stockholders pursuant to Section 11(a) of this Agreement and if (A) within fifteen (15) days after receipt
by the Company of the request for such determination the Board has resolved to submit such determination to the stockholders for
their consideration at an annual meeting thereof to be held within seventy-five (75) days after such receipt and such determination
is made thereat, or (B) a special meeting of stockholders is called within fifteen (15) days after such receipt for the purpose
of making such determination, such meeting is held for such purpose within sixty (60) days after having been so called and such
determination is made thereat, or (ii) if the determination of entitlement to indemnification is to be made by Independent Counsel
pursuant to Section 11(a) of this Agreement.

 

(c)
The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon
a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself
adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith
and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to
any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

    	 	-10-	 

    	 

    

 

(d)
Reliance as Safe Harbor. For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good
faith if Indemnitee’s action is based on the records or books of account of the Company or other corporation, limited liability
company, partnership, joint venture, trust employee benefit plan or other enterprise of which Indemnitee was serving as a director,
officer, employee, agent or fiduciary, including financial statements, or on information supplied to Indemnitee by the officers
of the Company or other corporation, limited liability company, partnership, joint venture, trust employee benefit plan or other
enterprise of which Indemnitee was serving as a director, officer, employee, agent or fiduciary in the course of their duties,
or on the advice of legal counsel for the enterprise or on information or records given or reports made to the Company or other
corporation, limited liability company, partnership, joint venture, trust employee benefit plan or other enterprise of which Indemnitee
was serving as a director, officer, employee, agent or fiduciary by an independent certified public accountant or by an appraiser
or other expert selected with the reasonable care by the Company or other corporation, limited liability company, partnership,
joint venture, trust employee benefit plan or other enterprise of which Indemnitee was serving as a director, officer, employee,
agent or fiduciary. The provisions of this Section 12(d) shall not be deemed to be exclusive or to limit in any way the other
circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement.

 

(e)
Actions of Others. The knowledge and/or actions, or failure to act, of any other director, officer, agent or employee of
the Company or other corporation, limited liability company, partnership, joint venture, trust employee benefit plan or other
enterprise of which Indemnitee was serving as a director, officer, employee, agent or fiduciary shall not be imputed to Indemnitee
for purposes of determining the right to indemnification under this Agreement.

 

Section
13. Remedies of Indemnitee.

 

(a)
Subject to Section 13(e), in the event that (i) a determination is made pursuant to Section 11 of this Agreement that Indemnitee
is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 9
of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 11(a) of
this Agreement within ninety (90) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification
is not made pursuant to Section 5 or 6 or the last sentence of Section 11(a) of this Agreement within ten (10) days after receipt
by the Company of a written request therefor, (v) payment of indemnification pursuant to Section 3, 4 or 7 of this Agreement is
not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, or (vi) in the
event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable,
or institutes any litigation or other action or Proceeding designed to deny, or to recover from, the Indemnitee the benefits provided
or intended to be provided to the Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of his entitlement
to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at his option, may seek an award in arbitration
to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Indemnitee
shall commence such proceeding seeking an adjudication or an award in arbitration within 180 days following the date on which
Indemnitee first has the right to commence such proceeding pursuant to this Section 13(a); provided, however, that
the foregoing clause shall not apply in respect of a proceeding brought by Indemnitee to enforce his rights under Section 5 of
this Agreement. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.

 

    	 	-11-	 

    	 

    

 

(b)
In the event that a determination shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is not entitled
to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 13 shall be conducted in all respects
as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination.
In any judicial proceeding or arbitration commenced pursuant to this Section 13 the Company shall have the burden of proving Indemnitee
is not entitled to indemnification or advancement of Expenses, as the case may be.

 

(c)
If a determination shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section
13, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification
under applicable law.

 

(d)
The Company shall, to the fullest extent not prohibited by law, be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 13 that the procedures and presumptions of this Agreement are not valid, binding and enforceable
and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement.
It is the intent of the Company that the Indemnitee not be required to incur legal fees or other Expenses associated with the
interpretation, enforcement or defense of Indemnitee’s rights under this Agreement by litigation or otherwise because the
cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. The
Company shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after
receipt by the Company of a written request therefor) advance, to the extent not prohibited by law, such Expenses to Indemnitee,
which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advance of Expenses
from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained
by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement
of Expenses or insurance recovery, as the case may be.

 

(e)
Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement
shall be required to be made prior to the final disposition of the Proceeding.

 

    	 	-12-	 

    	 

    

 

Section
14. Non-exclusivity; Survival of Rights; Insurance; Subrogation.

 

(a)
The rights of indemnification and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive
of any other rights to which Indemnitee may at any time be entitled under applicable law, the Company’s Certificate of Incorporation,
the Company’s By-laws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment, alteration
or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in
respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal.
To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement
of Expenses than would be afforded currently under the Company’s Certificate of Incorporation, the Company’s By-laws
and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits
so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and
every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other right or remedy.

 

(b)
To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers,
employees, or agents of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise which such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance
with its or their terms to the maximum extent of the coverage available for any such director, officer, employee or agent under
such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director
and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the
insurers in accordance with the procedures set forth in the respective policies. The Company and the Indemnitee shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result
of such proceeding in accordance with the terms of such policies.

 

(c)
In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee with respect to any insurance policy, who shall execute all papers required and take all action
necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to
enforce such rights.

 

(d)
The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable (or for which advancement
is provided hereunder) hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance
policy, contract, agreement or otherwise.

 

(e)
The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of
the Company as a director, officer, employee or agent of any other corporation, limited liability company, partnership, joint
venture, trust, employee benefit plan or other enterprise shall be reduced by any amount Indemnitee has actually received as indemnification
or advancement of Expenses from such other corporation, limited liability company, partnership, joint venture, trust, employee
benefit plan or other enterprise.

 

    	 	-13-	 

    	 

    

 

Section
15. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable
for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including
without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and
shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to
the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c)
to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section of
this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal
or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

 

Section
16. Enforcement. The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations
imposed on it hereby in order to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges
that Indemnitee is relying upon this Agreement in serving as a director or officer of the Company.

 

Section
17. Entire Agreement. Supersedes Prior Agreements. This Agreement constitutes the entire agreement between the parties
hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied,
between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to
and in furtherance of the Certificate of Incorporation of the Company and applicable law, and shall not be deemed a substitute
therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.

 

Section
18. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed
in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a
waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver.

 

Section
19. Notice by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with any summons,
citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject
to indemnification or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not
relieve the Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise except to the extent
the Corporation is prejudiced in its defense of such action, suit or proceeding as a result of such failure.

 

Section
20. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and shall
be deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication
shall have been directed, (b) mailed by certified or registered mail with postage prepaid, on the third business day after the
date on which it is so mailed, (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or
other communication shall have been directed or (d) sent by facsimile transmission, with receipt of oral confirmation that such
transmission has been received:

 

    	 	-14-	 

    	 

    

 

(a)
If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall
provide to the Company.

 

(b)
If to the Company to

 

Motus
GI Holdings, Inc.

150
Union Square Drive

New
Hope, PA 18938

Attention:
Chairman of the Board

 

or
to any other address as may have been furnished to Indemnitee by the Company.

 

Section
21. Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement
is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the
amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement
and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion
as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative
benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding;
and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection
with such event(s) and/or transaction(s).

 

Section
22. Applicable Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed
by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules.
Except with respect to any arbitration commenced by Indemnitee pursuant to Section 13(a) of this Agreement, the Company and Indemnitee
hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement
shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other
state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive
jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement,
(iii) appoint, to the extent such party is not otherwise subject to service of process in the State of Delaware, irrevocably Corporation
Services Company as its agent in the State of Delaware as such party’s agent for acceptance of legal process in connection
with any such action or proceeding against such party with the same legal force and validity as if served upon such party personally
within the State of Delaware, (iv) waive any objection to the laying of venue of any such action or proceeding in the Delaware
Court, and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware
Court has been brought in an improper or inconvenient forum.

 

    	 	-15-	 

    	 

    

 

Section
23. Identical Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes
be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed
by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.

 

Section
24. Miscellaneous. Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.
The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part
of this Agreement or to affect the construction thereof.

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year first above written.

 

	MOTUS
    GI HOLDINGS, INC.	 
	 	 	 
	By:	 	 
	Name:	              	 
	Title:	 	 
	 	 	 
	INDEMNITEE	 
	 	 
	 	 
	Name:	 	 
	 	 	 
	Address:	 	 
	 	 	 
	 	 	 

 

    	 	-16-Exhibit

Exhibit 10.1
 

January 4, 2018
Re:  Employment Agreement 
Dear Victor:
This letter agreement (“Agreement”) will set forth the terms of your employment with Xilinx, Inc. (the “Company”) as its President and Chief Executive Officer, reporting to the Board of Directors of the Company (the “Board”), effective January 29, 2018 (the “Employment Date”).  During your employment as President and Chief Executive Officer you will continue to serve on the Board.  You will be expected to diligently perform various duties consistent with your position.  You will work at our headquarters office, which is located at 2100 Logic Drive, San Jose, CA 95124. 
1.Cash Compensation.
Commencing on your Employment Date, your base salary will be $700,000.00 per year (to be paid according to the Company’s regular payroll schedule less payroll deductions and all required withholdings), subject to periodic review and adjustment by the Compensation Committee of the Board (the “Compensation Committee”).  Beginning with the Company’s fiscal year ending March 30, 2019, and subject to your continued employment with the Company through such date (except as provided in Section 4), you will also be eligible for an annual target bonus of one hundred and fifty percent (150%) of your base salary based upon achievement of target performance objectives determined by the Compensation Committee after consultation with you, with such minimum or maximum bonus threshold in the Company’s incentive plan as may be approved by the Compensation Committee.  You will receive a bonus for the Company’s fiscal year ended March 31, 2018, based on the terms applicable to you in your existing role with the Company and prorated such that the bonus for the period from your Employment Date through March 31, 2018, will be based on a target bonus of one hundred fifty (150%) percent of your $700,000.00 per year base salary from your Employment Date, payment of which will be subject to your continued employment with the Company through such March 31, 2018 date (except as provided in Section 4), payable at the same time the Company pays annual bonuses to other executive officers for fiscal year 2018.
2.    Equity Compensation.
(a)    Time-Based Restricted Stock Units.  Effective as of February 1, 2018, the Compensation Committee will grant to you restricted stock units having a grant value equal to $1 million (the “Initial Appointment Grant”) under its 2007 Equity Incentive Plan (the “Plan”), with the number of restricted stock units subject to the Initial Appointment Grant determined by dividing such amount by the average closing price of the Company’s common stock during the three-month period from November 1, 2017 to February 1, 2018, and then rounded up to the closest 500 underlying restricted stock units (which is consistent with the methodology for similar grants to the Company’s executive officers).  Except as otherwise provided by this Agreement, the Initial Appointment Grant will be subject to the terms and conditions of the Company’s standard form of Restricted Stock Unit Agreement.  The Initial Appointment Grant shall vest over four (4) years at the rate of twenty-five percent (25%) of the total number of shares subject to the Initial Appointment Grant vesting annually on each of the first, second, third and fourth anniversaries of the date of grant, subject to your continued service with the Company on each such vesting date (except as provided in Section 4).

1

(b)    Performance-Based Restricted Stock Units.  You will receive a grant of performance-based restricted stock units  in respect of fiscal year 2019 (“2019 PRSU Grant”), at such time as the Compensation Committee ordinarily approves such grants to the Company’s executive officers and having a total grant target value at least equal to $4,500,000, with the target number of performance-based restricted stock units subject to the 2019 PRSU Grant determined by dividing such amount by the average closing price of the Company’s common stock during the three-month period from April 1, 2018 to July 1, 2018, and then rounded up to the closest 500 underlying restricted stock units (which is consistent with the methodology for similar grants to the Company’s executive officers); provided that in the event the Company experiences a Change of Control or your employment is terminated for any of the reasons described in Section 4(c) below, in either case, prior to the date the Compensation Committee makes such grants, the 2019 PRSU Grant shall be awarded to you prior to the date of such Change of Control or termination of employment, as applicable, with the three-month average closing price described above instead determined based on the three months prior to the date of such Change of Control or termination of employment, as applicable.
3.    Other Employee Benefits.
You shall be entitled to participate in the Company’s medical, dental, and vision plans, as in effect from time to time, on the same basis as those benefits are generally made available to other senior executives of the Company.  The Company reserves the right to change or eliminate its benefit plans at any time.  The Company will also reimburse you for reasonable legal fees that you incur in connection with the negotiation and execution of this Agreement, not to exceed $10,000.
4.    Termination of Employment.
(a)    Your employment with the Company is not for a guaranteed or definite period of time.  Rather, the employment relationship is “at will.” This means that you may terminate your employment with the Company at any time and for any reason whatsoever simply by notifying the Company.  Likewise, the Company may terminate your employment at any time and for any reason whatsoever, with or without Cause (as defined below) or advance notice.
(b)    If (i) the Company terminates your employment at any time with Cause (as defined below), (ii) your employment terminates as a result of your death, or (iii) you voluntarily resign from your employment with the Company other than for Good Reason (as defined below), you will be entitled to your base salary accrued through your date of termination of employment.  Additionally, if requested, you will be required to tender your resignation as a member of the Board.
(c)    If (i) the Company terminates your employment at any time (A) other than for Cause (as defined below) or (B) due to a Disability, or (ii) you voluntarily terminate your employment for Good Reason (as defined below), then, subject to your execution of a release of claims in favor of the Company in the form attached hereto as Exhibit A, which release becomes effective in accordance with its terms on or before the thirtieth (30th) day following your termination of employment, then you shall be entitled to: 
(w)  a lump sum payment equal to the sum of twelve (12) months of your base salary plus one year of your target bonus (both at the rate in effect on your termination of employment), together with any base salary accrued through your termination date payable on the thirtieth (30th) day following such termination of employment, 
(x)  at the Company’s election, either a lump sum payment equal to the value of twelve (12) months of COBRA coverage payable on the thirtieth (30th) day following your termination of employment or direct payment of your premiums for health care

2

continuation coverage under the applicable provisions of COBRA, provided that you elect to continue and remain eligible for these benefits under COBRA, and do not become covered through another employer’s health plan during this period, and provided further the election as to lump sum payment or direct payments of COBRA premiums pursuant to this subsection (x) must be made at the time of termination, 
(y)  twenty-four (24) months accelerated vesting of your Initial Appointment Grant and your 2019 PRSU Grant and all other equity awards (including, without limitation, stock options and restricted stock units) that you received from the Company prior to such termination of employment, provided that with respect to (i) (a) any outstanding awards of performance-based restricted stock units for which the number of earned restricted stock units has not been determined as of the date of termination, the number of performance-based restricted stock units that will become earned for purposes of vesting shall be determined based on actual performance of the applicable performance metrics, as, and at such time as, determined by the Compensation Committee, and shall be settled as soon as practicable following such determination (but no later than two and a half (2 1⁄2) months after the fiscal year in which the termination date occurs) and (b) any earned performance-based restricted stock units that are subject to vesting on one or more anniversaries of the date of grant, solely for purposes of determining the number of earned restricted stock units that shall vest upon termination, the performance-based restricted stock units shall be treated as instead being subject to monthly vesting in equal installments from the applicable date of grant and you shall become vested in that number of earned restricted stock units that would have vested during the period commencing from the date of grant and continuing up to your termination date and during an additional twenty-four (24) month period following your termination date and (ii) any outstanding awards of restricted stock units that are not subject to performance metrics and that are subject to vesting on one or more anniversaries of the date of grant, solely for purposes of determining the number of such restricted stock units that shall vest upon termination, such restricted stock units shall be treated as instead being subject to monthly vesting in equal installments from the applicable date of grant and you shall become vested in that number of restricted stock units that would have vested during the period commencing from the date of grant and continuing up to your termination date and during an additional twenty-four (24) month period following your termination date, and 
(z)  a pro rata portion of your bonus for the fiscal year of such termination of employment, payable at the same time the Company pays annual bonuses to other executive officers for such fiscal year (but no later than two and a half (2 1⁄2) months after the fiscal year in which the termination date occurs) based on (i) your termination date, (ii) the determination by the Compensation Committee whether company performance objectives have been met, and (iii) an assumption that any individual MBO has been achieved at 100%.
Notwithstanding the foregoing provisions of this Section 4(c), if termination of employment occurs within ninety (90) days prior to, or two years following, the consummation of a Change of Control (as such term is defined below), (1) the lump sum payment in (w), above, shall be increased to twenty-four (24) months of your base salary plus two years of your target bonus; (2) you shall receive 100% accelerated vesting of all of your equity awards (including, without limitation, stock options and restricted stock units), including your Initial Appointment Grant and your 2019 PRSU Grant, that are unvested and outstanding as of your termination of employment and which would otherwise become vested based solely on the passage of time and performance of services (and not in whole or in part on the future 

3

attainment of performance targets); (3) any restricted stock unit awards held by you at the time of your termination of employment the earning or vesting of which is dependent in whole or in part on the attainment of performance targets shall become vested with respect to 100% of the target number of such restricted stock units which have not yet otherwise been earned at the time of your termination of employment; (4) for the avoidance of doubt, you will remain eligible for the lump sum payment or direct payment of continuation coverage under COBRA, in accordance with (x), above and (5) you shall be paid a pro rata portion of your bonus for the fiscal year of such termination of employment, payable at the same time the Company pays annual bonuses to other executive officers for such fiscal year (but no later than two and a half (2 1⁄2) months after the fiscal year in which the termination date occurs) based on (i) your termination date, (ii) the determination by the Compensation Committee whether company performance objectives have been met, and (iii) an assumption that any individual MBO has been achieved at 100%.  In addition, to the extent the Initial Appointment Grant or the 2019 PRSU Grant is not assumed, continued or substituted in a Change of Control (as defined below), then the vesting of the Initial Appointment Grant will accelerate in full immediately prior to the Change of Control and the 2019 PRSU Grant will accelerate in full at target immediately prior to the Change of Control.  Additionally, if requested, you will be required to tender your resignation as a member of the Board.  
For purposes of this Agreement, Change of Control shall mean: the occurrence of any of the following events: 
(A)     Any person or group as such terms are defined under Sections 13 and 14 of the Securities Exchange Act of 1934 (Exchange Act) (other than the Company, a subsidiary of the Company, or a Company employee benefit plan) is or becomes the beneficial owner (as defined in Exchange Act Rule 13d-3), directly or indirectly, of Company securities representing 50% or more of the combined voting power of the Company’s then outstanding securities.
(B)     The closing of: (1) the sale of all or substantially all of the assets of the Company if the holders of Company securities representing all voting power for the election of directors before the transaction hold less than a majority of the total voting power for the election of directors of all entities which acquire such assets, or (2) the merger of the Company with or into another corporation if the holders of Company securities representing all voting power for the election of directors before the transaction hold less than a majority of the total voting power for the election of directors of the surviving entity.
(C)     The issuance of securities, which would give a person or group beneficial ownership of Company securities representing 50% or more of all voting power for the election of directors.
(D)     A change in the Board over a period of twenty-four (24) months such that the incumbent directors as of the beginning of any such twenty-four (24) month period and nominees of the incumbent directors are no longer a majority of the total number of directors.
Notwithstanding the foregoing, and only to the extent necessary to comply with Section 409A (Section 409A) of the Internal Revenue Code of 1986, as amended (the Code), a Change of Control will have occurred only if, in addition to the requirements set above, the event constitutes a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company, within the meaning of guidance issued by the Secretary of the Treasury under Section 409A of the Code.
(d)    Your employment will be deemed to be terminated for “Good Reason” if you voluntarily terminate your employment within six (6) months following the first occurrence of any of the following conditions:  (i) a reduction of $50,000 or more in your base compensation or your target bonus opportunity or guaranteed bonus; (ii) a material reduction in your authority, duties or responsibilities; (iii) your no longer being Chief Executive Officer of the Company reporting to the Board; or (iv) a relocation of the Company’s headquarters outside of the San Francisco Bay Area; provided that you have given written notice to the Board of the first to occur of any of the foregoing events within ninety (90) days 

4

following the first occurrence of such event and the Company has failed to remedy the event within thirty (30) days of such notice.  Should you elect to voluntarily terminate your employment for any other reason, such termination will not constitute Good Reason and you will not be entitled to any severance or additional vesting.
(e)    Your employment shall be deemed to be terminated for “Cause” only if you have engaged in (i) continued neglect of or willful failure in the performance of your duties, which, if curable, continues for a period of twenty (20) days following written notice by the Company; (ii) a material breach of the Company’s Proprietary Information and Inventions Agreement, (iii) a material breach of the Company’s Code of Conduct or other Company policies, which, if curable, continues for a period of twenty (20) days following written notice by the Company; (iv) fraud against or embezzlement or material misappropriation from the Company or its affiliates; (v) conviction of, or entering a plea of no contest or nolocontendere to a charge of, a crime constituting a felony; (vi) willful malfeasance or willful misconduct in connection with your duties, which, if curable, continues for a period of twenty (20) days following written notice by the Company; or (vii) any willful and wrongful act or omission which is materially injurious to the financial condition or business reputation of the Company and its subsidiaries, which, if curable, continues for a period of twenty (20) days following written notice by the Company.
(f)    “Disability” means (i) you have been incapacitated by bodily injury, illness or disease so as to be prevented thereby from engaging in the performance of your duties (provided, however, that the Company acknowledges its obligations to provide reasonable accommodation to the extent required by applicable law); (ii) such total incapacity shall have continued for a period of twelve (12) consecutive months or twelve (12) non-consecutive months in any eighteen (18) month period; and (iii) such incapacity will, in the opinion of a qualified physician, be permanent and continuous during the remainder of your life.

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(g)    In the event that it is determined that payments pursuant to this Agreement constitute non-qualified deferred compensation subject to Section 409A, then, solely to the extent required in order to avoid taxation and/or tax penalties under Section 409A (i) no such amounts shall be paid unless and until you have experienced a separation from service within the meaning of Section 409A and (ii) if you are deemed to be a “specified employee” within the meaning of Section 409A, any such amount that would be paid to you within six (6) months following your separation of service shall be accumulated and paid to you on the first business day following such six (6) month period, provided that in the event of your death following your separation from service, but prior to the six-month anniversary of your separation from service, then any payments delayed in accordance with this Section 4(f) will be payable in a lump sum as soon as administratively practicable after the date your death and all other payments will be payable in accordance with the payment schedule applicable to each payment or benefit. Each installment of the payments and benefits provided for in this Agreement shall be treated as a separate payment for purposes of 26 C.F.R. 1.409A-2(b)(2)(i). With respect to expenses eligible for reimbursement under the terms of this Agreement:  (i) the amount of such expenses eligible for reimbursement in any taxable year shall not affect the expenses eligible for reimbursement in another taxable year; (ii) any right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit; and (iii) any reimbursements of such expenses shall be made no later than the end of the calendar year following the calendar year in which the related expenses were incurred, except, in each case, to the extent that the right to reimbursement does not provide for a “deferral of compensation” within the meaning of Section 409A. The parties hereto intend that this Agreement comply, to the extent applicable, with the provisions of Section 409A and related regulations and Treasury pronouncements. If the parties determine in good faith that any provision provided herein would result in the imposition of an excise tax under the provisions of Section 409A, the parties hereby agree to use good faith efforts to reform any such provision to avoid imposition of any such excise tax in such manner that the parties mutually determine is appropriate to comply with Section 409A.
(h)    If your severance and other benefits provided for in this Section 4 constitute “parachute payments” within the meaning of Section 280G of the Code and, but for this subsection, would be subject to the excise tax imposed by Section 4999 of the Code, then your severance and other benefits under this Section 4 will be payable, either in full or in such lesser amount as would result, after taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, in your receipt on an after-tax basis of the greatest amount of severance and other benefits.  Unless the Company and you otherwise agree in writing, any determination required under this Section 4 shall be made in writing in good faith by the accounting firm serving as the Company’s independent public accountants immediately prior to the Change of Control (the “Accountants”). For purposes of making the calculations required by this Section 4, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and you shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section 4. If the Accountants determine that reduction of your severance benefits is required by this Section 4 such that no portion of your severance benefits will be subject to the excise tax imposed by Section 4999 of the Code, the severance benefits shall be reduced in the following order: (i) cash severance pay that is exempt from Section 409A, (ii) any other cash severance pay, (iii) any other cash payable that is a severance benefit other than stock appreciation rights, (iv) any stock appreciation rights, (v) any restricted stock and/or restricted stock units, and (vi) stock options. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 4. 

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(i)    No payments due you hereunder shall be subject to mitigation or offset, except as set forth herein.
5.    Proprietary Information and Inventions Agreement.
As a Company employee, you will be expected to abide by the Company’s Proprietary Information and Inventions Agreement attached hereto as Exhibit B and the Company rules and regulations and acknowledge in writing that you have read the Company’s Code of Conduct, which will govern the terms and conditions of your employment.  The Company’s Code of Conduct attached here as Exhibit C, may be modified from time to time at the sole discretion of the Company.
6.    Stock Ownership Requirements.
As the Chief Executive Officer of the Company, you will be expected to comply with the Company’s Stock Ownership Guidelines, as may be modified from time to time.  Therefore, as the Chief Executive Officer, under the Company’s current Stock Ownership Guidelines you will be required to own shares of the Company’s Common Stock  having a value of at least $4.5 million within the time limits and pursuant to the terms of the Company’s Stock Ownership Guidelines. 
7.    Indemnification Agreement.
The Company has provided or will provide you with the Company’s standard form of indemnification agreement for officers and directors to indemnify you against certain liabilities you may incur as an officer or director of the Company.
8.    Arbitration and Fees.
We expressly agree that, to the extent permitted by law and to the extent that the enforceability of this Agreement is not thereby impaired, any and all disputes, controversies or claims regarding this Agreement shall be determined exclusively by final and binding arbitration under the rules and procedures of JAMS, San Francisco.  A neutral arbitrator from JAMS shall be mutually selected by the parties.  If the parties fail to reach a consensus, then JAMS will select the arbitrator.  All disputes will be governed in accordance with the laws of the State of California.  The Company shall pay for all arbitration expenses, including without limitation, the arbitrators fees, forum costs, and any other expenses which are unique to the arbitration proceedings (“Arbitration Costs”), but will not be responsible to pay your attorney fees.  The parties intend this arbitration provision to be valid, enforceable, irrevocable and construed as broadly as possible.
9.    Miscellaneous.
(a)    You represent that upon the Employment Date your performance of your duties under this Agreement will not breach any other agreement as to which you are a party.  In addition, the Company has a policy prohibiting your disclosure, to anyone within the Company, of any confidential and/or proprietary information pertaining to your former employers or any entity with whom you have a non-disclosure agreement.  Accordingly, please do not use or disclose to the Company any proprietary information belonging to your former employers or any other person or company with which you have signed such an agreement.
(b)    Pursuant to the Defend Trade Secrets Act (18 U.S.C. § 1833(b)), you understand that you will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret of the Company or its affiliates that (i) is made (A) in confidence to a federal, state, or local government official, either directly or indirectly, or to your attorney and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding.  You understand that if you file a lawsuit for retaliation for reporting a suspected violation of law, you may disclose the trade secret to your attorney 

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and use the trade secret information in the court proceeding if you (x) file any document containing the trade secret under seal, and (y) do not disclose the trade secret, except pursuant to court order.  Nothing in this Agreement, or any other agreement with or policy of the Company or its affiliates, is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by such section.  Further, nothing in this Agreement or any other agreement that you have with the Company or its affiliates shall prohibit or restrict you from making any voluntary disclosure of information or documents concerning possible violations of law to, or seek a whistleblower award from, any governmental agency or legislative body, or any self-regulatory organization, in each case, and you may do so without notifying the Company.
(c)    You acknowledge and agree that any compensation payable to you by the Company shall be subject to the terms of any compensation “clawback” or recoupment policy or provision adopted by the Company (as such policies or provisions may be amended), as well as subject to any clawback or recoupment obligations required under applicable law.
(d)    Notwithstanding any other provision of this Agreement, the Company may withhold from amounts payable hereunder all federal, state, local and foreign taxes and other amounts that are required to be withheld by applicable laws or regulations, and the withholding of any amount shall be treated as payment thereof for purposes of determining whether you have been paid amounts to which you are entitled.
(e)    During the term of your employment with the Company and for one year thereafter, you will not, on behalf of yourself or any third party, solicit or attempt to induce any employee of the Company to terminate his or her employment with the Company.
(f)    This Agreement is binding on and may be enforced by the Company and its successors and assigns and is binding on and may be enforced by you and your heirs and legal representatives.  Any successor to the Company or substantially all of its business (whether by purchase, merger, consolidation or otherwise) will in advance assume in writing and be bound by all of the Company’s obligations under the Agreement.
(g)    Notices under this Agreement must be in writing and will be deemed to have been given when personally delivered or two days after mailed by U.S. registered or certified mail, return receipt requested and postage prepaid.  Mailed notices to you will be addressed to you at the home address which you have most recently communicated to the Company in writing. Notices to the Company will be addressed to its General Counsel at the Company’s corporate headquarters.
(h)    This Agreement, together with your Proprietary Information and Inventions Agreement and, the Company’s Code of Conduct forms the complete and exclusive statement of the terms of your employment with the Company, and you acknowledge and agree that this Agreement shall supersede and replace the Change of Control Agreement between you and the Company, dated effective January 19, 2016, which agreement shall have no further legal force or effect following the Employment Date. The employment terms in this Agreement supersede any other agreements or promises made to you by anyone on behalf of the Company, whether oral or written.  This Agreement may be amended or modified only with the written consent of the parties hereto.  No oral waiver, amendment or modification will be effective under any circumstances whatsoever.  This Agreement will be binding and shall inure to the benefit of the Company, its successors, and its assigns.
(i)    This Agreement will be governed by the laws of the State of California without reference to conflict of laws provisions.
(j)    In the event any provision of this Agreement is found to be unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed modified to the extent necessary to 

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allow enforceability of the provision as so limited, it being intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by law.  If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of the remaining provisions shall not be affected thereby.

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Victor, we are very pleased to extend this Agreement to you.  Please indicate your acceptance of the terms of this Agreement by signing in the place indicated below.
Sincerely,
/s/ Dennis Segers            
Dennis Segers
Chairman, Xilinx, Inc. Board of Directors

Accepted and agreed 
/s/ Victor Peng                
Victor Peng

January 4, 2018
Exhibit A:  Form of Release
Exhibit B:  Proprietary Information and Inventions Agreement
Exhibit C:  Code of Conduct

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EXHIBIT A
FORM OF RELEASE
Date                         

Re:  Confidential Separation Agreement

Dear Victor

I am writing to confirm the terms of your separation from employment with Xilinx, Inc. (the “Company”).  This letter, upon your signature, will constitute the entire and final agreement between you and the Company concerning the terms of your separation from employment and offers you the severance package that we discussed in exchange for a release of claims (the “Separation Agreement”).

1.    Separation Date:  Your employment with the Company is being terminated effective _________ (the “Separation Date”).  We will work with you to insure an orderly transition.
2.    Payment of Final Wage:  On your Separation Date, the Company will provide you with a final paycheck that will include all wages earned through the Separation Date, including unused accrued vacation, all subject to appropriate tax withholding.  You will be reimbursed for all outstanding business expenses according to the usual Company procedures.  You will be reimbursed for any amount you have contributed to your Employee Stock Purchase Plan account, if applicable.  You will be provided with the payments described in this section 2 whether or not you sign this Separation Agreement.
3.    Health Benefits:  Your medical, dental, vision and/or Employee Assistance Program (“EAP”) coverage will continue through [insert last day of separation month].  If you desire to continue medical, dental, vision and/or EAP coverage, you may elect coverage as provided under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and the Company’s group health plan subject to the requirements of COBRA.  COBRA coverage is not automatic.  The Company cannot make the COBRA election for you.  Further information regarding COBRA coverage will be sent to you in a separate letter via US mail.
4.    Stock Options; Restricted Stock Units:  Vesting on all stock options and restricted stock units held by you will cease as of the Separation Date.  You have thirty (30) or ninety (90) days after your Separation Date in which to exercise vested shares subject to your options, depending upon the terms under which your options were granted.  Please contact the Company’s Stock Administration department to determine how many vested shares subject to your options and restricted stock units you will hold as of the Separation Date and confirm the exercise period(s) for your options.  It is your responsibility to determine the number of days you have after the Separation Date to exercise your outstanding stock options.  If you fail to exercise within the specified time period(s), the options will expire and no longer be exercisable.
5.    Severance Package:  The Company agrees to provide you with the following payments and benefits (“Severance Package”) to which you are not otherwise entitled, once this Separation Agreement becomes effective pursuant to section 9.2.  You acknowledge and agree that this Severance Package constitutes adequate legal consideration for the promises and representations made by you in this Separation Agreement.
5.1    Salary Payment:  The Company agrees to provide you with a payment of $______ less all appropriate federal and state income and employment taxes (“Salary Payment”).  This sum is equivalent 

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to twelve (12) months of your current salary.  This Salary Payment will be mailed to you on a date no later than thirty (30) days following the Separation Date.
5.2    Continuation of Group Health Benefits:  The Company agrees to pay either (a) a lump sum payment equal to the value of twelve (12) months of COBRA coverage payable on the thirtieth (30th) day following your Separation Date or (b) direct payments of the premiums required to continue your health care coverage through [insert last day of the applicable month] (“COBRA Payment”), under the applicable provisions of COBRA, provided that you elect to continue and remain eligible for these benefits under COBRA, and do not obtain health coverage through another employer during this period.  You must make your COBRA election by the Separation Date for the COBRA Payment to apply.  Please carefully review the COBRA information that will be sent to you.
5.3    Target Bonus Payment:  The Company agrees to provide you with a payment of $_______ less all appropriate federal and state income and employment taxes (“Target Bonus Payment”).  This sum is equivalent to twelve (12) months of your current target bonus.  This Target Bonus Payment will be mailed to you on a date no later than thirty (30) days following the Separation Date.
5.4    Pro-Rata Bonus.  Upon a determination by the Compensation Committee that Company performance objectives have been met, the Company agrees to provide you with a payment equal to your target bonus times (a) a percentage determined by the Compensation Committee based on the level of achievement of such Company performance objectives, times (b) the quotient equal to (x) the number of days elapsed since April 1 of the current fiscal year through your Separation Date (the “Pro Rata Bonus”).  For the avoidance of doubt, in determining the Pro-Rata Bonus, any individual MBO will be deemed to be 100% for you.
5.5    Acceleration Benefits.  Your outstanding equity awards will immediately vest and become exercisable, and/or the right of repurchase by the Company will immediately lapse, with respect ___ unvested options and ___ unvested shares.
6.    General Release:  You unconditionally, irrevocably and absolutely release and discharge the Company, and any parent and subsidiary corporations, divisions and affiliated corporations, partnerships or other affiliated entities of the Company, past and present, as well as the Company’s employees, officers, directors, agents, successors and assigns (collectively, “Released Parties”), from all claims related in any way to the transactions or occurrences between them to date, to the fullest extent permitted by law, including, but not limited to, your employment with the Company, the termination of your employment, and all other losses, liabilities, claims, charges, demands and causes of action, known or unknown, suspected or unsuspected, arising directly or indirectly out of or in any way connected with your employment with the Company.  This release is intended to have the broadest possible application and includes, but is not limited to, any tort, contract, common law, constitutional or other statutory claims, including, but not limited to alleged violations of the California Labor Code or the federal Fair Labor Standards Act, Title VII of the Civil Rights Act of 1964 and the California Fair Employment and Housing Act, the Americans with Disabilities Act, the Age Discrimination in Employment Act of 1967, as amended, and all claims for attorneys fees, costs and expenses.  You expressly waive your right to recovery of any type, including damages or reinstatement, in any administrative or court action, whether state or federal, and whether brought by you or on your behalf, related in any way to the matters released herein.  However, this general release is not intended to bar any claims that, by statute, may not be waived, such as any challenge to the validity of your release of claims under the Age Discrimination in Employment Act of 1967, as amended, as set forth in this Agreement.

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7.    California Civil Code Section 1542 Waiver:  You expressly acknowledge and agree that all rights under Section 1542 of the California Civil Code are expressly waived.  That section provides:
A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.
In addition, you hereby knowingly and voluntarily waive any protection that may exist under any comparable or similar statutes and principles of common law or any other state laws as it pertains to the enforcement of the releases provided in this paragraph.
8.    Representation Concerning Filing of Legal Actions:  You represent that, as of the date of this Separation Agreement, you have not filed any lawsuits, charges, complaints, petitions, claims or other accusatory pleadings against the Company or any of the other Released Parties in any court or with any governmental agency.
9.    Older Workers Benefit Protection Act:  This Separation Agreement t is intended to satisfy the requirements of the Older Workers Benefit Protection Act, 29 U.S.C. sec. 626(f).  You are advised, by this Separation Agreement, to consult with an attorney before executing this Separation Agreement.
9.1    Acknowledgments/Time to Consider:  You acknowledge and agree that (a) you have read and understand the terms of this Separation Agreement; (b) you have been advised in writing to consult with an attorney before executing this Separation Agreement; (c) you have obtained and considered such legal counsel as you deems necessary; (d) you have been given twenty-one (21) days to consider whether or not to enter into this Separation Agreement (although you may elect not to use the full 21 day period at your option); and (e) by signing this Separation Agreement, you acknowledge that you do so freely, knowingly, and voluntarily.
9.2    Revocation/Effective Date:  This Separation Agreement shall not become effective or enforceable until the eighth day after you sign this Separation Agreement.  In other words, you may revoke your acceptance of this Agreement within seven (7) days after the date you sign it.  Your revocation must be in writing and received by 5:00 p.m. Pacific Time on the seventh day in order to be effective.  If you do not revoke acceptance within the seven (7) day period, your acceptance of this Separation Agreement shall become binding and enforceable on the eighth day (“Effective Date”).  The Severance Package shall become due and payable in accordance with section 5, provided this Separation Agreement has not been revoked.
9.3    Preserved Rights of Employee:  This Separation Agreement does not waive or release any rights or claims that you may have under the Age Discrimination in Employment Act that arise after the execution of this Separation Agreement.  In addition, this Separation Agreement does not prohibit you from challenging the validity of this Separation Agreement s waiver and release of claims under the Age Discrimination in Employment Act of 1967, as amended.  Lastly, notwithstanding anything to the contrary in this Separation Agreement, this Separation Agreement does not affect and you do not release any party for claims relating to any claim or right you have to seek indemnification with respect to any potential liability alleged against you in connection with your role as an officer or director of the Company in accordance with the Company’s bylaws, applicable law, any directors and officers liability insurance policy maintained by the Company and/or any indemnification agreement between you and the Company in effect immediately prior to the date of this Separation Agreement.

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10.    Nondisparagement:  You agree that you will not make any voluntary statements, written or oral, or cause or encourage others to make any such statements that defame, disparage or in any way criticize the personal and/or business reputations, practices or conduct of the Company or any of the other Released Parties or in any way impede or interfere with the professional relationships of the Company.  The Company agrees that it will ensure that all members of the Board, and individuals holding the positions of chief financial officer, vice president of human resources, and vice-president and general counsel, in each case as of the Release Effective Date, and any individual who shall hold the position of chief executive officer after the Release Effective Date, shall not make, participate in the making of, or encourage any current or former Company employees or other persons to make any voluntary statements, written or oral, or cause or encourage others to make any statements, which disparage or defame you or your reputation or the services you have performed for the Company.  Nothing in this paragraph shall prohibit either party from providing truthful testimony in response to a subpoena or other compulsory legal process.
11.    Confidentiality and Return of Company Property:  You understand and agree that as a condition of receiving the Severance Package in section 5, all Company property must be returned to the Company on or before the Separation Date.  By signing this Separation Agreement, you represent and warrant that you will have returned to the Company on or before the Separation Date, all Company property, data and information belonging to the Company and agrees that you will not use or disclose to others any confidential or proprietary information of Company or the Released Parties.  You further agree to comply with the continuing obligations regarding confidentiality set forth in the surviving provisions of the Company’s Proprietary Information and Inventions Agreement.  In addition, you agree to keep the terms and conditions of this Separation Agreement confidential, except that you may discuss this Separation Agreement with your immediate family and attorney or accountant, if any, as needed, but in no event should you discuss this Separation Agreement or its terms with any current or prospective employee of the Company.  Nothing in this Separation Agreement or any other agreement that you have with the Company shall prohibit or restrict you from making any voluntary disclosure of information or documents concerning possible violations of law to any government agency or legislative body, or any self-regulatory organization, and you may do so without notifying the Company.  
12.    Non-Solicitation:  You understand and agree that the Company’s employees and customers and any information regarding the Company employees and/or customers are confidential and constitute trade secrets.  As such, for a period of one (1) year following the Separation Date, you agree not to, directly or indirectly, separately or in association with others, interfere with, impair, disrupt or damage the Company’s relationship with any of its customers or prospective customers and employees.
13.    No Admissions:  By entering into this Separation Agreement, the Released Parties make no admission that they have engaged, or are now engaging, in any unlawful conduct.  The parties understand and acknowledge that this Separation Agreement is not an admission of liability and shall not be used or construed as such in any legal or administrative proceeding.
14.    Full Defense:  This Separation Agreement may be pled as a full and complete defense to, and may be used as a basis for an injunction against, any action, suit or other proceeding that may be prosecuted, instituted or attempted by you in breach hereof.
15.    Severability:  In the event any provision of this Separation Agreement shall be found unenforceable, the unenforceable provision shall be deemed deleted and the validity and enforceability of the remaining provisions shall not be affected thereby.

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16.    Applicable Law:  The validity, interpretation and performance of this Separation Agreement shall be construed and interpreted according to the laws of the United States of America and the State of California.
17.    Entire Agreement; Modification:  This Separation Agreement, including the surviving provisions of your Proprietary Information and Inventions Agreement previously executed by you and the Company and incorporated herein by reference, is intended to be the entire agreement between the parties and supersedes and cancels any and all other and prior agreements, written or oral, between the parties regarding this subject matter.  This Separation Agreement may be amended only by a written instrument executed by all parties hereto.
18.    Accepting this Separation Agreement:  To accept this Separation Agreement, please date and sign as indicated below by [insert date that is 21 days after Separation Date], and return it to _____________ at 2100 Logic Drive, San Jose, CA 95124.  If the Company does not receive an executed copy of this Separation Agreement by the close of business on [insert date that is 21 days after Separation Date], the offer of the Severance Package outlined in section 5 above shall expire.

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We wish you the best in your future endeavors and thank you for your contributions to the Company.
Sincerely,
Vice President
World Wide Human Resources
AGREEMENT OF VICTOR PENG
By signing below, I acknowledge that I have had the opportunity to review this Separation Agreement carefully, I understand each and every term contained in this Separation Agreement and I voluntarily agree to them.

	
				
	Dated:
	 
	By:
	 

	 
	 
	 
	VICTOR PENG

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EXHIBIT B
PROPRIETARY INFORMATION  
AND INVENTIONS AGREEMENT
The following confirms the agreement between me and Xilinx, Inc., a Delaware corporation (together, the “Company”) which is a material part of the consideration for my employment by the Company:
Article I.    I understand that the Company possesses Proprietary Information that is important to its business and the business of its Affiliates. For purposes of this agreement “Affiliates” include any legal entity that controls or is controlled by the Company or is under common control with the Company. “Proprietary Information” is information that was developed, created, or discovered by the Company and/or its Affiliates, or which became known by, or was conveyed to the Company and/or its Affiliates, and which has commercial value in the business of the Company and its Affiliates. “Proprietary Information” includes, but is not limited to, trade secrets, copyrightable subject matter, mask works, discoveries, ideas, techniques, know-how, confidential information, inventions (whether patentable or not), and/or any other information of any type relating to designs, configurations, toolings, documentation, recorded data, schematics, source code, object code, master works, master databases, algorithms, flow charts, formulae, circuits, works of authorship, mechanisms, research, manufacture, improvements, assembly, installation, marketing, forecasts, pricing, customers, the salaries, duties, qualifications, performance levels, and terms of compensation of other employees, and/or cost or other financial data concerning any of the foregoing or the Company and its Affiliates and their operations generally. I understand that my employment creates a relationship of confidence and trust between me and the Company with respect to Proprietary Information.
Article II.    I understand that the Company possesses “Company Documents” which are important to its business and the business of its Affiliates. For purposes of this Agreement, “Company Documents” are documents or other media that contain Proprietary Information or any other information concerning the business, operations or plans of the Company and/or its Affiliates, whether such documents have been prepared by me or by others. Company Documents include, but are not limited to, blueprints, drawings, photographs, charts, graphs, notebooks, customer list, computer disks, tapes or printouts, sound recordings and other printed, typewritten or handwritten documents.
Article III.    I understand that the Company has received and in the future will receive from third parties confidential or proprietary information of such third parties (“Third Party Information”) subject to a duty on the Company’s part to maintain the confidentiality of such information, and to use it only for certain limited purposes.
Article IV.    In consideration of my employment by the Company and the compensation received by me from the Company from time to time, I hereby agree as follows:
Section 4.01    All Proprietary Information and all patents, copyrights and other rights in connection therewith shall be the sole property of the Company. I hereby assign to the Company any rights I may have or acquire in such Proprietary Information. At all times both during my employment by the Company and after termination of such employment, I will keep in confidence and trust and will not use, disclose, lecture upon, or publish any Proprietary Information or anything relating to it without the prior written consent of an officer of the Company, except as may be necessary in the ordinary course of performing my duties to the Company. At all times both during my employment by the Company and after termination of such employment, I will keep in confidence and trust and will not use or disclose any Third Party Information, except as may be necessary in the ordinary course of performing my duties to 

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the Company, unless expressly authorized by an officer of the Company in writing. Nothing contained herein will prohibit an employee from disclosing to anyone the amount of his other wages. Notwithstanding the foregoing, I shall not be held criminally or civilly liable under any Federal or State law for the disclosure of Proprietary Information that (A) is made (i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.
Section 4.02    All Company Documents shall be the sole property of the Company. I agree that during my employment by the Company, I will not remove any Company Documents from the business premises of the Company or deliver any Company Documents to any person or entity outside the Company, except as I am required to do in connection with performing the duties of my employment. I further agree that, immediately upon the termination of my employment by me or by the Company for any reason, or during my employment if so requested by the Company, I will return all Company Documents, apparatus, equipment and other physical property, or any reproduction of such property regardless in the form so made, excepting only (i) my personal copies of records relating to my compensation; (ii) my personal copies of any materials previously distributed generally to stockholders of the Company; and (iii) my copy of this Agreement. I further agree that in the event of my termination for any reason, I agree to sign and deliver the “Termination Certification” attached hereto as Exhibit A and/or any other termination statement reasonably required by the Company.
Section 4.03    I will promptly disclose in writing to my immediate supervisor, with a copy to the Director of Intellectual Property for Xilinx, Inc., or to any persons designated by the Company, all “Inventions”, which includes all improvements, inventions, works of authorship, mask works, computer programs, formulae, ideas, processes, techniques, know-how and data, whether or not patentable, made or conceived or reduced to practice or developed by me, either alone or jointly with others, during the term of my employment. I will also disclose to my immediate supervisor and the Legal Department of Xilinx, Inc. all things that would be Inventions if made during the term of my employment, conceived, reduced to practice, or developed by me within six (6) months of the termination of my employment with the Company. Such disclosures shall be received by the Company in confidence and do not extend the assignment made in Section 4 below. I will not disclose Inventions to any person outside the Company or its Affiliates unless I am permitted or authorized to do so by the Legal Department.
Section 4.04    I agree that all Inventions which I make, conceive, reduce to practice or develop (in whole or in part, either alone or jointly with others) during my employment shall be the sole and exclusive property of the Company to the maximum extent permitted by Section 2870 of the California Labor Code, a copy of which is attached as Exhibit B, and I hereby assign such Inventions and all rights therein to the Company. No assignment in this Agreement shall extend to inventions, the assignment of which is prohibited by Labor Code section 2870. The Company shall be the sole owner of all patents, copyrights and other intellectual property or other rights in connection therewith. I acknowledge that all original works of authorship which are made by me (solely or jointly with others) within the scope of my employment and which are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright Act (17 U.S.C., Section 101).
Section 4.05    I agree to perform, during and after my employment, all acts deemed necessary or desirable by the Company to permit and assist it, at the Company’s expense (excluding payment for time spent reviewing documents or assisting the Company), in obtaining, maintaining, defending and enforcing patents, copyrights or other rights on such Inventions and improvements in any and all countries. Such acts may include, but are not limited to, execution of documents and assistance or cooperation in legal 

18

proceedings. I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents, as my agents and attorneys-in-fact to act for and in my behalf and instead of me, to execute and file any documents and to do all other lawfully permitted acts to further the above purposes with the same legal force and effect as if executed by me. I hereby waive, quitclaim and assign to the Company in perpetuity any and all moral rights, rights of attribution or other claims, of any nature whatsoever, which I now or may hereafter have for infringement of any rights assigned hereunder to the Company.
Section 4.06    I have attached hereto as Exhibit C a complete list of all Inventions relevant to the subject matter of my employment with the Company that were conceived, reduced to practice, created, derived, developed or made by me prior to my employment with the Company to which I claim ownership and that I desire to remove from the operation of this Agreement (“Prior Inventions”), and I acknowledge and agree that such list is complete. If no such lists attached to this Agreement, I represent that I have no Prior Inventions at the time of signing this Agreement. If disclosure of any Prior Invention would cause me to violate any prior confidentiality agreement, I understand that I am not to list such Prior Inventions in Exhibit C, but am to inform the Company that all such Prior Inventions have not been listed for that reason. I hereby grant to the Company and its Affiliates a royalty-free, transferable, irrevocable, worldwide, fully paid-up license (with rights to sublicense through multiple tiers of sublicensees) to fully use, practice and exploit all patent, copyright, moral right, mask work, trade secret and other intellectual property rights relating to any Prior Inventions that I incorporate, or permit to be incorporated, in any Inventions that I, solely or jointly with others, create, derive, conceive, develop, make or reduce to practice within the scope of my employment with the Company (the “Company Inventions”). Notwithstanding the foregoing, I will not incorporate, or permit to be incorporated, any Prior Inventions in any Company Inventions without Company’s prior written consent.
Section 4.07    During the term of my employment and for one (1) year thereafter, I will not encourage or solicit any employee of the Company to leave the Company for any reason. However, this obligation shall not affect any responsibility I may have as an employee of the Company with respect to the bona fide hiring and firing of Company personnel. In addition, I agree that I will not use Proprietary Information to disrupt, undermine or impair the Company’s relationships with any of its customers, prospective customers or suppliers. 
Section 4.08    I agree that during my employment with the Company I will not engage in any employment, business, or activity that is in any way competitive with the business or proposed business of the Company and I will not assist any other person or organization in competing with the Company or in preparing to engage in competition with the business or proposed business of the Company. The provisions of this Section shall apply both during normal working hours and at all other times including, but not limited to, nights, weekends and vacation time, while I am employed by the Company.
Section 4.09    I represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to my employment by the Company. I have not entered into, and I agree I will not enter into, any agreement either written or oral in conflict herewith or in conflict with my employment with the Company.
Section 4.10    In compliance with the United States Department of Commerce Export Administration Regulations (the “Regulations”), I agree that I will not knowingly export/re-export the technology for the design, development or production of Xilinx’ integrated circuits, or export/re-export the direct product of this technology directly or indirectly to any denied party, restricted or embargoed country identified in the US regulations.
Further, in compliance with U.S. laws/regulations (EAR 740.6), I agree that without a Bureau of Industry and Security (BIS) license or License Exception, I will not:

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	(a)
	Reexport or release the technology to a national of a country in Country Groups D:1 or E:2; or

		
	(b)
	Export to Country Groups D:1 or E:2 the direct product of the technology, if such foreign produced direct product is subject to national security controls as identified on the CCL (See General Prohibition Three, §736.2(b)(3) of the EAR); or

		
	(c)
	If the direct product of the technology is a complete plant or any major component of a plant, export to Country Groups D:1 or E:2 the direct product of the plant or major component thereof, if such foreign produced direct product is subject to national security controls as identified on the CCL or is subject to State Department controls under the U.S. Munitions List (22 CFR part 121).

A current listing of the above mentioned country groups can be found at: http://www.access.gpo.gov/bis/ear/pdf/740spir.pdf  
Article V.    I agree that I have the right to resign and the Company has the right to terminate my employment at any time, for any reason, with or without cause. This is the full and complete agreement between myself and the Company on this term.
Article VI.    I agree that this Agreement does not purport to set forth all of the terms and conditions of my employment, and that as an employee of the Company I have obligations to the Company which are not set forth in this Agreement.
Article VII.    I agree that my obligations under paragraphs D(l) through D(5) and paragraph D(7) of this Agreement shall continue in effect after termination of my employment, regardless of the reason or reasons for termination, and whether such termination is voluntary or involuntary on my part, and that the Company is entitled to communicate my obligations under this Agreement to any future employer or potential employer of mine.
Article VIII.    Because my services are personal and unique and because I may have access to and become acquainted with the Proprietary Information of the Company, the Company shall have the right to enforce this Agreement and any of its provisions by injunction, specific performance or other equitable relief, without bond, without prejudice to any other rights and remedies that the Company may have for a breach of this Agreement.
Article IX.    As used in this Agreement, my employment includes any time during which I may be retained by the Company as a consultant, agent, representative or independent contractor.
Article X.    This Agreement shall be effective as of the first day of my employment and shall be binding upon me, my heirs, executors, assigns, and administrators and shall inure to the benefit of the Company, its subsidiaries, successors and assigns.
Article XI.    This Agreement can only be modified by a subsequent written agreement executed by an officer of the Company.
I HAVE READ THIS AGREEMENT CAREFULLY AND I UNDERSTAND AND ACCEPT THE OBLIGATIONS WHICH IT IMPOSES UPON ME WITHOUT RESERVATION. NO PROMISES OR REPRESENTATIONS HAVE BEEN MADE TO ME TO INDUCE ME TO SIGN THIS AGREEMENT. I HAVE COMPLETELY FILLED OUT EXHIBIT C TO THIS AGREEMENT. I SIGN THIS AGREEMENT VOLUNTARILY AND FREELY.

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	Date:                                                       
	 
	 

	 
	 
	Signature of Employee

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	Print Name of Employee

 

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EXHIBIT A
 
XILINX
TERMINATION CERTIFICATION
This is to certify that I do not have in my possession, nor have I failed to return to Xilinx________ (the “Company”), any documents, apparatus, equipment and other physical property, or any reproduction of such property, belonging to Xilinx ____________ or any Affiliates, as such term is defined by the Proprietary Information and Inventions Agreement.
I further certify that I have complied with all the terms of the Company’s Proprietary Information and Inventions Agreement signed by me, including the reporting of any inventions and original works of authorship (as defined therein) conceived or made by me (solely or jointly with others) covered by that Agreement.
I further agree that, in compliance with the Proprietary Information and Inventions Agreement, I will preserve as confidential all trade secrets, confidential knowledge, proprietary material relating to products, processes, know how, designs, formula, developmental or experimental work, compute programs, data bases, other original works of authorship, customer lists, business plans, financial data and other Proprietary Information, as the term is defined in the Proprietary Information and Inventions Agreement.

	
			
	Date:                                                     
	 
	 

	 
	 
	[Employee’s Signature]

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	[Type/Print Employee’s Name]

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EXHIBIT B
 
SECTION 2870 OF THE CALIFORNIA LABOR CODE
2870. (a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either:
(1)  Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or
(2)  Result from any work performed by the employee for the employer.
(b)  To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.
 

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EXHIBIT C

PRIOR INVENTIONS
1.    Check one of the following:
þ    NO PRIOR INVENTIONS EXIST. 
OR
o    YES, PRIOR INVENTIONS EXIST AS DESCRIBED IN THE ADDITIONAL SHEETS ATTACHED (include basic description of each Prior Innovation):
2.    I propose to bring to my employment the following materials and documents of a former employer:
o    No materials or documents
o    See below:

	
			
	Date:                                                      
	 
	 

	   162.250.170.58
	 
	Signature of Employee

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	Print Name of Employee

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EXHIBIT C
Code of Conduct
TOPICS
1.    Global Policy Statement
2.    Implementation and Enforcement
3.    Relations with Competitors and Other Third Parties
4.    Intellectual Property and Confidential Information
5.    Insider Trading and Securities Compliance
6.    Financial Disclosure and Reporting
7.    Human Resources
8.    Environmental, Health and Safety
9.    Conflicts of Interest
10.    International Trade
11.    Government Relations
12.    Contractors, Consultants and Temporary Workers
13.    Conclusion
1.    GLOBAL POLICY STATEMENT
Xilinx, Inc. and its worldwide subsidiaries (the “Company”) want to ensure a culture of compliance at the Company and in the way the Company conducts business around the world.  This culture begins with the eight Corporate Values (Customer Focus, Respect, Excellence, Accountability, Teamwork, Integrity, Very Open Communications and Enjoying Our Work).
The Company has also adopted this global Code of Conduct which addresses Company policies in many areas that are critical to compliance.  These policies are not intended to substitute for those Values, but will serve as guidelines in helping you to conduct the Company’s business in accordance with our Values.  Compliance requires meeting the spirit, as well as the literal meaning, of the law, the policies and the Values.  It is expected that you will use common sense, good judgment, high ethical standards and integrity in all your business dealings.
If you encounter a situation you are not able to resolve by reference to these policies, ask for help.  Consult your manager.  If necessary, consult with your manager s manager or your Vice President.  If that does not resolve the issue, call the Legal Department, the Human Resources Department, or the CEO.
Violations of the law or the Company’s policies will subject employees to disciplinary action, up to and including termination of employment.  In addition, individuals involved may subject themselves and the Company to severe penalties including fines and possible imprisonment.  Compliance with the law and 

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high ethical standards in the conduct of Company business is a top priority for the CEO, the CFO, our directors, and our employees worldwide.
2.    IMPLEMENTATION AND ENFORCEMENT
The General Counsel of the Company has been appointed as Chief Compliance Officer of the Company, responsible for overseeing compliance with, and enforcement of, all Company policies.
Employees and directors are expected to be familiar with these policies as they apply to their respective duties.  They should consult with their managers if they need assistance in understanding or interpreting these policies.  Each employee is required to follow these policies and to comply with their terms.  A refusal by any employee to agree to be bound by these policies shall be grounds for discipline up to and including dismissal.
Managers are expected to ensure that adequate information and training regarding these policies is provided to employees under their supervision.
Any employee who, in good faith, has reason to believe a Company operation or activity is in violation of the law or of these policies must call the matter to the attention of their supervisor.  If you have reason to believe that it would be inappropriate to report the operation or activity to your supervisor, you should report it to another member of the management chain, to the Legal Department, to your Human Resources Representative or use the on-line reporting tool at www.mySafeWorkplace.com.  All reports will be reviewed and investigated as necessary under the circumstances.  The reporting employee should provide sufficient information to enable a complete investigation to be undertaken.
Any employee who makes an allegation in good faith concerning a violation of these policies or the law will be protected against retaliation.
3.    RELATIONS WITH COMPETITORS AND OTHER THIRD PARTIES
The Company’s policy is to comply fully with competition and antitrust laws throughout the world.  These laws generally prohibit companies from using illegal means to maintain, obtain or attempt to obtain a monopoly in a market.  They also prohibit companies from engaging in unfair trade practices.  “Unfair trade practices” include fixing prices, dividing markets, agreeing not to compete with competitors, or agreeing to boycott certain customers.  Due to the seriousness of these types of violations, the general rule in all contacts with competitors is to avoid discussing such matters as prices, bids, terms and conditions offered to customers, costs, inventory levels, product plans, market studies and production plans.  It is advised that you consult with the Legal Department before attending a meeting with a party who may be viewed as a competitor.
Keep in mind that in light of the two-tiered selling model the Company uses, a distributor may also be viewed as a competitor under certain conditions.
4.    INTELLECTUAL PROPERTY AND CONFIDENTIAL INFORMATION
The Company strongly supports and relies upon intellectual property protections, including patents, trademarks, copyrights and trade secrets.  As a condition of employment, employees must execute a Proprietary Rights and Inventions Agreement under which the employee acknowledges that inventions made as a Company employee belong to the Company.  Confidential information of the Company, in any form or media, may not be disclosed or used outside the Company without the prior written consent and approval of the Company.  Employees may also obtain access to confidential information owned by third parties, either through licenses or by other agreements.  All employees are expected to observe and protect the valid intellectual property of the Company and of third parties.

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5.    INSIDER TRADING AND SECURITIES COMPLIANCE
Securities laws prohibit anyone who is in possession of material, non-public information (“Inside Information”) about a company from purchasing or selling stock of that company, or communicating the information to others.  Information is considered “material” if a reasonable investor would consider it to be important in making a decision to buy or sell that stock.  Some examples include financial results and projections, new products, acquisitions, major new contracts or alliances prior to the time that they are publicly announced.  Employees who become aware of such Inside Information about the Company must refrain from trading in the shares of the announced.  Similarly, employees who through the course of their job obtain Inside Information regarding a customer or vendor should refrain from trading the customer s or vendor s stock until the Inside Information is publicly announced.
Employees must also refrain from disclosing that information to persons who do not have a Company need to know, whether they are inside the Company or outside, such as spouses, relatives or friends.
6.    FINANCIAL DISCLOSURE AND REPORTING
The Company makes regular formal disclosures of its financial performance and results of operations to the investment community.  We also regularly issue press releases to inform customers, investors and the press about our product developments, relationships, and other events of note.  Other than those public statements, which go through official Company channels, employees are prohibited from communicating outside the Company about the Company’s business, financial performance or future prospects.  Such communications include questions from securities analysts, reporters or other news media, but also include seemingly innocent discussions with family, friends, neighbors or acquaintances.
The Company is required to maintain a variety of records for purposes of reporting to federal agencies.  The Company requires all employees to maintain full compliance with applicable laws and regulations requiring that its books of account and records be accurately maintained.  Specifics of these requirements are available from the appropriate functional groups-Human Resources, Tax, Finance and Legal.
7.    HUMAN RESOURCES
Xilinx is committed to providing a work environment that is free from unlawful harassment and discrimination, and respects the dignity of its employees.  The Company has numerous policies covering various aspects of its relationship with its employees, as well as employees relationships with each other.
8.    ENVIRONMENTAL, HEALTH AND SAFETY
The Company is committed to protecting the health and safety of our employees, as well as the environment in general.  The Company expects employees to obey all laws and regulations designed to protect the environment, and the health and safety of our employees, and to obtain and fully observe all permits necessary to do business.
At the very least, all employees should be familiar with and comply with safety regulations applicable to their work areas.  The Company will make, to the extent possible, reasonable accommodations for the known physical or mental limitations of our employees.  Employees who require an accommodation should contact their manager or the Human Resources department and specify what accommodation is needed to perform the job.  The Company will determine if the requested accommodation is feasible and appropriate, or may suggest an alternative that meets the employee s needs.
9.    CONFLICTS OF INTEREST
Each employee is expected to avoid any activity, investment or association that interferes with the independent exercise of his or her judgment in the Company’s best interests ("Conflicts of Interest").  

27

Conflicts of Interest can arise in many situations.  They occur most often in cases where the employee or the employee s family obtains some personal benefit at the expense of the Company’s best interests.
No employee, or any member of employee s immediate family, shall accept money, gifts of other than nominal value, unusual entertainment, loans, or any other preferential treatment from any customer or supplier of the Company.  No employee shall give money, gifts of other than nominal value, or unusual entertainment to any customer or supplier of the Company, or any employee or family members thereof, where any obligation might be incurred or implied, or where the intent or effect is to prejudice the recipient in favor of the Company.  No such persons shall solicit or accept kickbacks, whether in the form of money, goods, services or otherwise, as a means of influencing or rewarding any decision or action taken by a foreign or domestic vendor, customer, business partner, government employee or other person whose position may affect the Company’s business.
Employees may not:  (1) act on behalf of, or own a substantial interest in, any company or firm that does business, or competes, with the Company; (2) conduct business on behalf of the Company with any company or firm in which the employee or a family member has a substantial interest or affiliation.  Exceptions require advance written approval from the Legal Department.
Employees should not create the appearance that they are personally benefiting in any outside endeavor as a result of their employment by the Company, or that the Company is benefiting by reason of their outside interests.  Any employee who is not sure whether a proposed action would present a conflict of interest or appear unethical should consult with his or her department head, division manager or the Legal Department.
No employee shall use Company property, services, equipment or business for personal gain or benefit.  Limited personal use is permitted under the Use of Company Computer, Network and Phones Policy, provided that such use does not interfere with the employee s job performance or violate any laws or Company policy.
10.    INTERNATIONAL TRADE
The Company must comply with a variety of laws around the world regarding export of products and technology.  In some cases, the law prohibits the disclosure of key technical data to non-U.S. citizens, whether the disclosure occurs within the U.S. or elsewhere, and whether or not the disclosure is in writing.  Where product or technology is exported, it is essential that appropriate export licenses be obtained before the product or technology is shipped or transmitted to non-US citizens.  Employing a non-U.S. citizen may also create a deemed export situation for which a license is required.  For further information on this topic, please consult the Global Trade Compliance website on the Company’s Intranet.
Payments or gifts to non-U.S. government officials are prohibited by law and by Company policy.  The Foreign Corrupt Practices Act precludes payments to non-U.S. government officials for the purpose of obtaining or retaining business or an unfair advantage, even if the payment is customary in that country.  This law applies anywhere in the world to U.S. citizens, nationals, residents, businesses or employees of U.S. businesses.  Because Xilinx, Inc. is a U.S. company, this law applies to it and all of its subsidiaries.  Any questions on this policy should be directed to the Legal Department.
11.    GOVERNMENT RELATIONS
The Company is prohibited by law from making any contributions or expenditures in connection with any U.S. national election.  This includes virtually any activity that furnishes something of value to an election campaign for a federal office.  Use of the Company’s name in supporting any political position or ballot measure, or in seeking the assistance of any elected representative, requires the specific approval of 

28

the President of the Company.  Political contributions or expenditures are not to be made out of Company funds in any foreign country, even if permitted by local law, without the consent of the Company’s President.
U.S. law also prohibits giving, offering, or promising anything of value to any public official in the U.S. or any foreign country to influence any official act, or to cause an official to commit or omit any act in violation of his or her lawful duty.
12.    CONTRACTORS, CONSULTANTS AND TEMPORARY WORKERS
Contractors, consultants or temporary workers who are acting on the Company’s behalf, or on Company property, are expected to follow the law, Company policies and honor Company Values.  Violations will subject the person or firm to sanctions up to and including loss of the contract, contracting or consulting agreement, or discharge from temporary assignment.
13.    CONCLUSION
This Code of Conduct is not intended to cover every possible situation in which you may find yourself.  It is meant to give you the boundaries within which the Company expects you to conduct yourself while representing Xilinx.  You may find yourself in a situation where there is no clear guidance given by this Code of Conduct.  If that occurs, return to the foundations stated earlier:  common sense, good judgment, high ethical standards and refer to the Company’s Values.  In addition, there are many resources upon which you may rely:  your management chain, Human Resources, Legal or other Xilinx departments, and the CEO.  Together we can continue to make Xilinx a company that sets a standard for managing high-tech companies.

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