Document:

Form of Change of Control Severance Agreement (Non-CEO Executives)

 Exhibit 10.2 
 NETAPP, INC. 
 FORM OF CHANGE OF CONTROL SEVERANCE AGREEMENT

 (NON-CEO EXECUTIVES) 
 This Change of Control Severance Agreement (the “Agreement”) is made and entered into by and between
                           (“Executive”) and NetApp, Inc. (the “Company”), effective as of
                           (the “Effective Date”). 

RECITALS 
 1.        It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change of control. The
Compensation Committee of the Board of Directors of the Company (the “Committee”) recognizes that such consideration can be a distraction to Executive and can cause Executive to consider alternative employment opportunities. The Committee
has determined that it is in the best interests of the Company and its stockholders to assure that the Company will have the continued dedication and objectivity of Executive, notwithstanding the possibility, threat or occurrence of a Change of
Control of the Company. 
 2.        The Committee believes that it is
in the best interests of the Company and its stockholders to provide Executive with an incentive to continue his or her employment and to motivate Executive to maximize the value of the Company upon a Change of Control for the benefit of its
stockholders. 
 3.        The Committee believes that it is imperative
to provide Executive with certain severance benefits upon Executive’s termination of employment following a Change of Control. These benefits will provide Executive with enhanced financial security and incentive and encouragement to remain with
the Company notwithstanding the possibility of a Change of Control. 

4.        Certain capitalized terms used in the Agreement are defined in
Section 5 below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

 1.        Term of Agreement.  This Agreement will
have an initial term commencing on the Effective Date and ending on June 15, 2015 (the “Initial Term”). Thereafter, this Agreement will renew automatically for an additional one (1) year term (the “Additional Term”)
unless either party provides the other party with written notice of non-renewal at least sixty (60) days prior to the date of automatic renewal. Notwithstanding the foregoing sentence, if a Change of Control occurs at any time during either the
Initial Term or an Additional Term, the term of this Agreement will extend automatically through date that is twelve (12) months following the effective date of the Change of Control. If Executive becomes entitled to severance benefits under
Section 3 during the term of this Agreement, the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. 

 2.          At-Will
Employment.  The Company and Executive acknowledge that Executive’s employment is and will continue to be at-will, as defined under applicable law. If Executive’s employment terminates for any reason, including (without
limitation) any termination that occurs other than during the period that is on or within twelve (12) months after a Change of Control as provided herein, Executive will not be entitled to any payments, benefits, damages, awards or compensation
other than as provided by this Agreement and the payment of accrued but unpaid wages, as required by law, and any unreimbursed reimbursable expenses. 
 3.          Severance Benefits. 
 (a)      Termination without Cause or Resignation for Good Reason in Connection with a Change of Control.  If the Company terminates Executive’s
employment with the Company without Cause or if Executive resigns from such employment for Good Reason, and such termination occurs during the period that is on or within twelve (12) months after a Change of Control, and Executive signs and
does not revoke a separation agreement and release of claims with the Company (in substantially the form attached hereto as Exhibit A and effective no later than March 15 of the year following the year in which the termination occurs),
then Executive will receive the following from the Company: 
   (i)    
Accrued Compensation.  The Company will pay Executive all accrued but unpaid vacation, expense reimbursements, wages, and other benefits due to Executive under any Company-provided plans, policies, and arrangements; provided,
however, that if Executive is eligible to receive any payments or benefits pursuant to this Section 3, Executive will not be eligible to receive any payments or benefits pursuant to any Company severance plan, policy, or other arrangement).

  (ii)     Severance Payment.  Executive will receive a lump sum
severance payment (less applicable withholding taxes) equal to the sum of (A) 200% of Executive’s annual base salary as in effect immediately prior to Executive’s termination date or (if greater) at the level in effect immediately
prior to the Change of Control, and (B) 100% of Executive’s target annual bonus as in effect immediately prior to Executive’s termination date or (if greater) at the level in effect immediately prior to the Change of Control.

 (iii)     Equity Awards.  All outstanding equity awards subject to
time-based vesting will vest as to that portion of the equity award that would have vested through the twenty-four (24) month period from Executive’s termination date had Executive remained employed through such period. Additionally,
Executive will be entitled to accelerated vesting as to an additional 50% of the then unvested portion of all of Executive’s outstanding equity awards that are scheduled to vest pursuant to performance-based criteria, if any. Executive will
have one (1) year following the date of his or her termination in which to exercise any outstanding stock options or other similar rights to acquire Company common stock; provided, however, that such post-termination exercise period will not
extend beyond the original maximum term of the stock option or other similar right to acquire Company common stock. 

  
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 (iv)      Continued Employee
Benefits.    If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) for Executive and Executive’s eligible dependents, within the
time period prescribed pursuant to COBRA, the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of
eighteen (18) months from the last date of employment of the Executive with the Company, or (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans. COBRA reimbursements will be
made by the Company to Executive consistent with the Company’s normal expense reimbursement policy. 

(b)      Timing of Severance Payments.  Unless otherwise required by
Section 3(g), the Company will pay any severance payments in a lump sum as soon as practicable following Executive’s termination date; provided, however, that no severance or other benefits will be paid or provided until the separation
agreement and release of claims becomes effective, and any severance amounts or benefits otherwise payable between Executive’s termination date and the date such release becomes effective will be paid on the effective date of such release. If
Executive should die before all of the severance amounts have been paid, such unpaid amounts will be paid in a lump-sum payment promptly following such event to Executive’s designated beneficiary, if living, or otherwise to the personal
representative of Executive’s estate. 
 (c)      Voluntary Resignation;
Termination for Cause.  If Executive’s employment with the Company terminates (i) voluntarily by Executive (other than for Good Reason during the period that is on or within twelve (12) months after a Change of Control)
or (ii) for Cause by the Company, then Executive will not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then existing severance and benefits plans and practices
or pursuant to other written agreements with the Company. 

(d)      Disability; Death.  If the Company terminates Executive’s
employment as a result of Executive’s Disability, or Executive’s employment terminates due to his or her death, then Executive will not be entitled to receive severance or other benefits except for those (if any) as may then be established
under the Company’s then existing written severance and benefits plans and practices or pursuant to other written agreements with the Company. 
 (e)      Termination not in Connection with a Change of Control.  In the event Executive’s employment is terminated for any reason other than as
provided in Section 3(a), then Executive will be entitled to receive severance and any other benefits only as may then be established under the Company’s existing written severance and benefits plans and practices or pursuant to other
written agreements with the Company. 
 (f)      Exclusive
Remedy.  In the event of a termination of Executive’s employment as set forth in Section 3(a), the provisions of Section 3 are intended to be and are exclusive and in lieu of any other rights or remedies to which
Executive or the Company may otherwise be entitled, whether at law, tort or contract, in equity, or under this Agreement (other than the payment of accrued but unpaid wages, as required by law, and any unreimbursed reimbursable expenses). Executive
will be entitled to no benefits, compensation or other payments or rights upon termination of employment following a Change of Control other than those benefits expressly set forth in this Section 3. 

  
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 (g)      Section 409A.

   (i)     Notwithstanding anything to the contrary in this Agreement, if
Executive is a “specified employee” within the meaning of Section 409A of the Code and the final regulations and any guidance promulgated thereunder (“Section 409A”) at the time of Executive’s termination (other than
due to death), and the severance payable to Executive, if any, pursuant to this Agreement, when considered together with any other severance payments or separation benefits that are considered deferred compensation under Section 409A (together,
the “Deferred Compensation Separation Benefits”) that are payable within the first six (6) months following Executive’s termination of employment, will become payable on the first payroll date that occurs on or after the date six
(6) months and one (1) day following the date of Executive’s termination of employment. All subsequent Deferred Compensation Separation Benefits, if any, will be payable in accordance with the payment schedule applicable to each
payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following his termination but prior to the six (6) month anniversary of his termination, then any payments delayed in accordance with this paragraph will be
payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment schedule applicable to each payment or
benefit. Each payment and benefit payable under this Agreement is intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. 

 (ii)     Any amount paid under the Agreement that satisfies the requirements of the
“short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations shall not constitute Deferred Compensation Separation Benefits for purposes of clause (i) above. 

(iii)     Amount paid under the Agreement that qualifies as a payment made as a result of an
involuntary separation from service pursuant to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that do not exceed the Section 409A Limit shall not constitute Deferred Compensation Separation Benefits for purposes of clause
(i) above. 
 (iv)     The foregoing provisions are intended to comply with the
requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. The
Company and Executive agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition
prior to actual payment to Executive under Section 409A. 

4.         Limitation on Payments.  In the event that the
severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 4, would be
subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits under Section 3(a) will be either: 
 (a)      delivered in full, or 

  
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 (b)      delivered as to
such lesser extent which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code, 
 whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by Executive on an
after-tax basis, of the greatest amount of severance benefits, notwithstanding that all or some portion of such severance benefits may be taxable under Section 4999 of the Code. Unless the Company and Executive otherwise agree in writing, any
determination required under this Section 4 will be made in writing by the Company’s independent public accountants immediately prior to a Change of Control or such other person or entity to which the parties mutually agree (the
“Accountants”), whose determination will be conclusive and binding upon Executive and the Company for all purposes. 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 Executive will furnish to the Accountants such information and
documents as the Accountants may reasonably request in order to make a determination under this Section. The Company will bear all costs the Accountants may incur in connection with any calculations contemplated by this Section 4. 

5.          Definition of Terms.  The following terms
referred to in this Agreement will have the following meanings: 

(a)      Cause.  “Cause” will mean: 

   (i)     Executive’s continued intentional and demonstrable failure to
perform his or her duties customarily associated with Executive’s position as an employee of the Company or its respective successors or assigns, as applicable (other than any such failure resulting from Executive’s mental or physical
Disability) after Executive has received a written demand of performance from the Company with specifically sets forth the factual basis for the Company’s belief that Executive has not devoted sufficient time and effort to the performance of
his or her duties and has failed to cure such non-performance within thirty (30) days after receiving such notice (it being understood that if Executive is in good-faith performing his or her duties, but is not achieving results the Company
deems satisfactory for Executive’s position, it will not be considered to be grounds for termination of Executive for “Cause”); 
   (ii)     Executive’s conviction of, or plea of nolo contendere to, a felony that the Board of Directors of the Company (the “Board”) reasonably believes
has had or will have a material detrimental effect on the Company’s reputation or business; or 

 (iii)     Executive’s commission of an act of fraud, embezzlement, misappropriation,
willful misconduct, or breach of fiduciary duty against, and causing material harm to, the Company or its respective successors or assigns, as applicable. 

  
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 Executive will receive notice and an opportunity to be heard before the
Board with Executive’s own attorney before any termination for Cause is deemed effective. Notwithstanding anything to the contrary, the Board may immediately place Executive on administrative leave (with full pay and benefits to the extent
legally permissible) but will allow reasonable access to Company information, employees and business should Executive wish to avail himself and prepare for his or her opportunity to be heard before the Board prior to the Board’s termination for
Cause. If Executive avails himself of his or her opportunity to be heard before the Board, and then fails to make himself or herself available to the Board within thirty (30) days of such request to be heard, the Board may thereafter cancel the
administrative leave and terminate Executive for Cause. Likewise, if the Board fails to make itself available to Executive and his or her counsel within thirty (30) days of Executive’s request to be heard, Executive will be entitled to
terminate his or her employment with the Company and such termination will be treated as a resignation by Executive for Good Reason. 
 (b)      Change of Control.  “Change of Control” will mean the occurrence of any of the following events: 

  (i)     Change in Ownership of the Company.  A change in the
ownership of the Company which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more
than 50% of the total voting power of the stock of the Company, except that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change of
Control; or 
  (ii)     Change in Effective Control of the
Company.    A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by Directors whose appointment or election is
not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control
of the Company by the same Person will not be considered a Change of Control; or 

(iii)     Change in Ownership of a Substantial Portion of the Company’s
Assets.  A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent
acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than 50% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or
acquisitions. For purposes of this subsection (iii), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.

 For these purposes, persons will be considered to be acting as a group if they are owners of a corporation
that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. 

  
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 Notwithstanding the foregoing provisions of this definition, a transaction
will not be deemed a Change of Control unless the transaction qualifies as a change in control event within the meaning of Section 409A. 
 (c)        Disability.    “Disability” will mean that the Employee has been unable to perform his or her Company duties as the
result of his or her incapacity due to physical or mental illness, and such inability, at least twenty-six (26) weeks after its commencement or 180 days in any consecutive twelve (12) month period, is determined to be total and permanent
by a physician selected by the Company or its insurers and acceptable to Executive or Executive’s legal representative (such agreement as to acceptability not to be unreasonably withheld). Termination resulting from Disability may only be
effected after at least thirty (30) days’ written notice by the Company of its intention to terminate the Employee’s employment. In the event that the Employee resumes the performance of substantially all of his or her duties
hereunder before the termination of his or her employment becomes effective, the notice of intent to terminate will automatically be deemed to have been revoked. 

(d)        Good Reason.    “Good Reason”
will mean Executive’s termination of employment within ninety (90) days following the expiration of any cure period (discussed below) following the occurrence of one or more of the following, without Executive’s consent: 

  (i)     A material reduction of Executive’s authority or responsibilities,
relative to Executive’s authority or responsibilities in effect immediately prior to such reduction, or a change in the Executive’s reporting position such that Executive no longer reports directly to the officer position or its functional
equivalent to which Executive was reporting immediately prior to such change in reporting position (unless Executive is reporting to the comparable officer position of the parent corporation in a group of controlled corporations following a Change
of Control); 
  (ii)     A material reduction in Executive’s base salary or
target annual incentive (“Base Compensation”) as in effect immediately prior to such reduction, unless the Company (or Executive’s employer or the parent corporation in a group of controlled corporations following a Change of Control)
also similarly reduces the Base Compensation of all other employees of the Company (or Executive’s employer or the parent corporation in a group of controlled corporations following a Change of Control) with positions, duties and
responsibilities comparable to Executive’s; 
 (iii)     A material change in the
geographic location at which Executive must perform services (in other words, the relocation of Executive to a facility that is more than thirty-five (35) miles from Executive’s current location); 

(iv)     Any purported termination of the Executive’s employment for “Cause”
without first satisfying the procedural protections, as applicable, required by the definition of “Cause” set forth in that definition; or 
  (v)     The failure of the Company to obtain the assumption of the agreement by a successor and/or acquirer and an agreement that Executive will retain the substantially
similar responsibilities in the acquirer or the merged or surviving company as he or she had prior to the transaction. 

  
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 The notification and placement of Executive on administrative leave pending
a potential determination by the Board that Executive may be terminated for Cause will not constitute Good Reason. 
 Executive will not resign for Good Reason without first providing the Company with written notice within sixty (60) days of the event that Executive believes constitutes “Good Reason”
specifically identifying the acts or omissions constituting the grounds for Good Reason and a reasonable cure period of not less than thirty (30) days following the date of such notice. 

(e)        Section 409A Limit.    “Section
409A Limit” will mean the lesser of two (2) times: (i) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Executive’s taxable year preceding the Executive’s taxable year
of Executive’s termination of employment as determined under, and with such adjustments as are set forth in, Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the
maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated. 

6.          Successors. 

(a)        The Company’s Successors.   Any successor to
the Company (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) or to all or substantially all of the Company’s business and/or assets will assume the obligations under this Agreement and agree
expressly to perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term
“Company” will include any successor to the Company’s business and/or assets which executes and delivers the assumption agreement described in this Section 6(a) or which becomes bound by the terms of this Agreement by operation
of law. 
 (b)        Executive’s
Successors.    The terms of this Agreement and all rights of Executive hereunder will inure to the benefit of, and be enforceable by, Executive’s personal or legal representatives, executors, administrators, successors,
heirs, distributees, devisees and legatees. 

7.          Arbitration.  

(a)        The Company and Executive each agree that any and all disputes
arising out of the terms of this Agreement, Executive’s employment by the Company, Executive’s service as an officer or director of the Company, or Executive’s compensation and benefits, their interpretation and any of the matters
herein released, will be subject to binding arbitration under the arbitration rules set forth in California Code of Civil Procedure Sections 1280 through 1294.2, including Section 1281.8 (the “Act”), and pursuant to California law.
Disputes that the Company and Executive agree to arbitrate, and thereby agree to waive any right to a trial by jury, include any statutory claims under local, state, or federal law, including, but not limited to, claims under Title VII of the Civil
Rights Act of 1964, the Americans with Disabilities Act of 1990, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit Protection Act, the Sarbanes-Oxley Act, the Worker Adjustment and Retraining Notification Act, the
California Fair Employment and Housing Act, the Family and Medical Leave Act, the California Family Rights Act, the California Labor Code, claims of harassment, discrimination, and wrongful termination, and any statutory or common law claims. The
Company and Executive further understand that this Agreement to arbitrate also applies to any disputes that the Company may have with Executive. 

  
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(b)        Procedure.  The Company and Executive agree that any
arbitration will be administered by Judicial Arbitration & Mediation Services, Inc. (“JAMS”), pursuant to its Employment Arbitration Rules & Procedures (the “JAMS Rules”). The Arbitrator will have the power to
decide any motions brought by any party to the arbitration, including motions for summary judgment and/or adjudication, motions to dismiss and demurrers, and motions for class certification, prior to any arbitration hearing. The Arbitrator will have
the power to award any remedies available under applicable law, and the Arbitrator will award attorneys’ fees and costs to the prevailing party, except as prohibited by law. The Company will pay for any administrative or hearing fees charged by
the Arbitrator or JAMS except that Executive will pay any filing fees associated with any arbitration that Executive initiates, but only so much of the filing fees as Executive would have instead paid had he or she filed a complaint in a court of
law. The Arbitrator will administer and conduct any arbitration in accordance with California law, including the California Code of Civil Procedure, and the Arbitrator will apply substantive and procedural California law to any dispute or claim,
without reference to rules of conflict of law. To the extent that the JAMS Rules conflict with California law, California law will take precedence. The decision of the Arbitrator will be in writing. Any arbitration under this Agreement will be
conducted in Santa Clara County, California. 

(c)        Remedy.  Except as provided by the Act and this
Agreement, arbitration will be the sole, exclusive, and final remedy for any dispute between Executive and the Company. Accordingly, except as provided for by the Act and this Agreement, neither Executive nor the Company will be permitted to pursue
court action regarding claims that are subject to arbitration. 

(d)        Administrative Relief.   Executive understand that
this Agreement does not prohibit him or her from pursuing any administrative claim with a local, state, or federal administrative body or government agency that is authorized to enforce or administer laws related to employment, including, but not
limited to, the Department of Fair Employment and Housing, the Equal Employment Opportunity Commission, the National Labor Relations Board, or the Workers’ Compensation Board. This Agreement does, however, preclude Executive from pursuing court
action regarding any such claim, except as permitted by law. 

(e)        Voluntary Nature of Agreement.    Each of
the Company and Executive acknowledges and agrees that such party is executing this Agreement voluntarily and without any duress or undue influence by anyone. Executive further acknowledges and agrees that he or she has carefully read this Agreement
and has asked any questions needed for him or her to understand the terms, consequences, and binding effect of this Agreement and fully understand it, including that Executive is waiving his or her right to a jury trial. Finally,
Executive agrees that he or she has been provided an opportunity to seek the advice of an attorney of his or her choice before signing this Agreement. 

  
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 8.          Notice.

 (a)        General.     Notices and
all other communications contemplated by this Agreement will be in writing and will be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the
case of Executive, mailed notices will be addressed to him or her at the home address which he or she most recently communicated to the Company in writing. In the case of the Company, mailed notices will be addressed to its corporate headquarters,
and all notices will be directed to the attention of its President. 

(b)        Notice of Termination.   Any termination by the
Company for Cause or by Executive for Good Reason will be communicated by a notice of termination to the other party hereto given in accordance with Section 8(a) of this Agreement. Such notice will indicate the specific termination provision in
this Agreement relied upon, will set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and will specify the termination date (which will be not more than thirty
(30) days after the giving of such notice). The failure by Executive to include in the notice any fact or circumstance which contributes to a showing of Good Reason will not waive any right of Executive hereunder or preclude Executive from
asserting such fact or circumstance in enforcing his or her rights hereunder. 

9.          Miscellaneous Provisions. 

(a)        No Duty to Mitigate.   Executive will not be
required to mitigate the amount of any payment contemplated by this Agreement, nor will any such payment be reduced by any earnings that Executive may receive from any other source. 

(b)        Other Requirements.  Executive’s receipt of any
payments or benefits under Section 3 will be subject to Executive continuing to comply with the terms of any confidential information agreement executed by Executive in favor of the Company and the provisions of this Agreement. 

(c)        Waiver.    No provision of this Agreement
will be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by Executive and by an authorized officer of the Company (other than Executive). No waiver by either party of any breach of, or of
compliance with, any condition or provision of this Agreement by the other party will be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

(d)        Headings.  All captions and section headings used in
this Agreement are for convenient reference only and do not form a part of this Agreement. 

  
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 (e)        Entire Agreement.
This Agreement constitutes the entire agreement of the parties hereto and supersedes in their entirety all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied) of the parties
with respect to the subject matter hereof, including, without limitation, the Addendum to Stock Option Agreement applicable to any stock option award of Executive. For the avoidance of doubt, this Agreement shall not be deemed to supersede or affect
any benefit entitlements vested as of the date of the Executive’s termination of employment pursuant to written terms of any Company employee benefit plan, including without limitation the Company’s Executive Retiree Medical Plan. No
waiver, alteration, or modification of any of the provisions of this Agreement will be binding unless in writing and signed by duly authorized representatives of the parties hereto and which specifically mention this Agreement. 

(f)         Choice of Law.  The validity, interpretation,
construction and performance of this Agreement will be governed by the laws of the State of California (with the exception of its conflict of laws provisions). Any claims or legal actions by one party against the other arising out of the
relationship between the parties contemplated herein (whether or not arising under this Agreement) will be commenced or maintained in any state or federal court located in the jurisdiction where Executive resides, and Executive and the Company
hereby submit to the jurisdiction and venue of any such court. 

(g)        Severability.  The invalidity or unenforceability of
any provision or provisions of this Agreement will not affect the validity or enforceability of any other provision hereof, which will remain in full force and effect. 

(h)        Withholding.  All payments made pursuant to this
Agreement will be subject to withholding of applicable income, employment and other taxes. 

(i)         Counterparts.   This Agreement may be
executed in counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. 

  
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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the
case of the Company by its duly authorized officer, as of the day and year set forth below. 
  

					
	 COMPANY
	 	 NETAPP, INC.

			
		 	 By:
	  	  

			
		 	 Title:
	  	  

			
		 	 Date:
	  	  

			
	 EXECUTIVE
	 	 By:
	  	  

			
		 	 Title:
	  	  

			
		 	 Date:
	  	  

  
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 Exhibit A 

Separation Agreement and Release of Claims 

  
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 [NETAPP LETTERHEAD] 
 [DATE] 
  

[NAME] 
 [Street Address at
termination] 
 [City, State & Zip at termination] 

Dear [NAME]: 
 This
letter confirms the agreement between NetApp, Inc., (the “Company”) and you regarding the terms of your separation from the Company as of [insert date]
                 (your “Termination Date”). 
 1.        Severance Benefits.  In consideration for your signing this agreement, you will receive the severance benefits set forth in
Section 3 of the Change of Control Severance Agreement between you and the Company effective as of                  (the “Change of Control Severance
Agreement”), subject to the conditions set forth herein and the Change of Control Severance Agreement. 

2.        Return of Company Property.  You have returned to the Company
all Company property in your possession. 
 3.        Maintaining Confidential
Information.  You agree not to disclose any confidential information you acquired, while an employee of the Company, to any other person or use such information in any manner that is detrimental to the Company’s interests, per
NetApp’s Proprietary Information and Inventions Agreement (the “Proprietary Information Agreement”), which you signed when you were hired and you further agree to honor the terms of that agreement, including those terms which
survive your employment with the Company. 
 4.        Acknowledgement of Payment
of Wages.  Except for any severance benefits set forth in Section 1, by your last day worked you will have received your final paycheck which will include a final payment for wages through your Termination Date, salary,
bonuses, if any, employee stock purchase plan reimbursement, accrued but unused vacation pay and any similar payments due from NetApp, less applicable taxes and 401k deduction, if applicable, as of the Termination Date. You acknowledge that NetApp
does not owe you any other amounts, except any valid un-reimbursed business expenses that you will submit to the Company. 

5.        General Release of the Company.  You understand that by
agreeing to this release you are agreeing not to sue, or otherwise file any claim against, the Company or any of its employees or other agents for any reason whatsoever based on anything that has occurred as of the date you sign this agreement.

 a)        On behalf
of yourself and your heirs and assigns, you hereby release and forever discharge the “Releasees” hereunder, consisting of the Company, and each of its owners, shareholders, affiliates, divisions, predecessors, successors, assigns, agents,
directors, officers, partners, employees, and insurers, and all persons acting by, through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits,
debts, liens, contracts, agreements, promises, liability, claims, demands, damages, loss, cost or expense, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called “Claims”), which you now have or may hereafter
have against the Releasees, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof, including, without limiting the generality of the foregoing, any Claims arising out of, based upon, or
relating to your hire, employment, remuneration or resignation by the Releasees, or any of them, including any Claims arising under Title VII of the Civil Rights Act of 1964, as amended; the Age Discrimination in Employment Act, as amended; the
Equal Pay Act, as amended; the Fair Labor Standards Act, as amended; the Employee Retirement Income Security Act, as amended; the California Fair Employment and Housing Act, as amended; the California Labor Code; and/or any other local, state or
federal law governing discrimination in employment and/or the payment of wages and benefits. 

Notwithstanding the generality of the foregoing, you do not release the following claims: 

(i)        Claims for unemployment compensation or any state
disability insurance benefits pursuant to the terms of applicable state law; 

(ii)       Claims for workers’ compensation insurance benefits
under the terms of any workers’ compensation insurance policy or fund of the Company; 

(iii)      Claims to continued participation in certain of the
Company’s group benefit plans pursuant to the terms and conditions of the federal law known as COBRA; 
 (iv)      Claims to any benefit entitlements vested as the date of your employment termination, pursuant to written terms of any Company employee benefit plan; 

(v)       Claims to any severance benefits due and owing pursuant to
Section 1; 
 (vi)      Claims that cannot be released as a
matter of law, including, but not limited to: (1) your right to file a charge with or participate in a charge by the Equal Employment Opportunity Commission, or any other local, state, or federal administrative body or government agency that is
authorized to enforce or administer laws related to employment, against the Company (with the understanding that any such filing or participation does not give you the right to recover any monetary damages against the Company; your release of claims
herein bars you from recovering such monetary relief from the Company); (2) claims under Division 3, Article 2 of the California Labor Code (which includes California Labor Code section 2802 regarding indemnity for necessary expenditures or
losses by employee); and (3) claims prohibited from release as set forth in California Labor Code section 206.5 (specifically “any claim or right on account of wages due, or to become due, or made as an advance on wages to be earned,
unless payment of such wages has been made”); and 

  
 -2-

 (vii)     Claims under the terms
of any indemnification agreement entered into between you and the Company. 

b)        YOU ACKNOWLEDGE THAT YOU ARE FAMILIAR WITH THE
PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS: 
 A GENERAL
RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 

BEING AWARE OF SAID CODE SECTION, YOU HEREBY EXPRESSLY WAIVE ANY RIGHTS YOU MAY HAVE THEREUNDER, AS WELL AS UNDER ANY
OTHER STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT. 

c)        You acknowledge that you are waiving and releasing any
rights you may have under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. You and the Company agree that this waiver and release does not apply to any rights or claims
that may arise under ADEA after the effective date of this agreement. You acknowledge that the consideration given for this release is in addition to anything of value to which you were already entitled. You further acknowledge that you have been
advised by this agreement that (a) you should consult with an attorney before signing this agreement; (b) you have up to twenty-one (21) days within which to consider this agreement; (c) you have seven (7) days following
your signing this agreement to revoke it; (d) this release will not be effective until the revocation period has expired; and (e) nothing in this agreement prevents or precludes you from challenging or seeking a determination in good faith
of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or costs from doing so, unless specifically authorized by federal law. In the event you sign this agreement and return it to the Company in less
than the 21-day period identified above, you hereby acknowledge that you have freely and voluntarily chosen to waive the time period allotted for considering this agreement. 

  
 -3-

 6.      Severability.  The provisions
of this agreement are severable. If any provision is held to be invalid or unenforceable, it shall not affect the validity or enforceability of any other provision. 
 7.      Choice of Law/Venue.  This agreement will be governed by the laws of the State of California, without regard for choice-of-law provisions. You
consent to personal and exclusive jurisdiction and venue in the State of California. 

8.      Voluntary and Knowing Agreement. You represent that you have thoroughly read and
considered all aspects of this agreement, that you understand all its provisions and that you are voluntarily entering into this agreement. 
 9.      Effective Date. You have seven (7) days after you sign this agreement to revoke it. This agreement will become effective on the eighth
(8th) day after you sign this agreement, so long as it has been signed by both parties and has not been revoked by you before that date. 
 10.    Entire Agreement; Amendment. This agreement, together with the Change of Control Severance Agreement, Proprietary Information Agreement, and agreements relating to
your equity incentive awards, set forth the entire agreement between you and the Company and supersedes any and all prior oral or written agreements or understanding between you and the Company concerning the subject matter. This agreement may not
be altered, amended or modified, except by a further written document signed by you and the Company. 
 If the above accurately
reflects your understanding, please date and sign the enclosed copy of this letter in the places indicated below and return it to Human Resources. 
  

					
		 	Respectfully,	 	
			
		 	  
	 	
		 	[Name]	 	
		 	[Job Title]	 	

  

					
		 		 	
	Accepted and agreed to on	 	  
	 	.
		 	 (Date)
	 	

  

					
	  
	 		 	
	[NAME]	 	

					
		
	  
	 	

					
	Current Mailing Address (Severance check(s) will be mailed to this address and NetApp will update your records to reflect this address if it is different than the
address on file).
	
	Encl.

  
 -4-PMC-Sierra, Inc. Restricted Stock Unit Agreement

 Exhibit 10.1 
 PMC-SIERRA, INC. 
 RESTRICTED STOCK UNIT AGREEMENT 

(Performance-Based Vesting Award) 
 RECITALS 
 A. The Board has adopted the Plan for the purpose of
attracting and retaining the best available personnel for positions of substantial responsibility, to provide additional incentive to eligible employees, consultants and directors and to promote the success of the Company’s business.

 B. Participant is to render valuable services to the Company (or a Parent or Subsidiary), and this Agreement is executed
pursuant to, and is intended to carry out the purposes of, the Plan in connection with the Company’s issuance of shares of Common Stock to Participant under the Plan. 
 C. The Plan permits the granting of awards in a manner which is intended to constitute compensation deductible by the Company for tax purposes under Section 162(m) of the Code. 

D. All capitalized terms in this Agreement shall have the meaning assigned to them herein or in the attached Appendix A. 

NOW, THEREFORE, it is hereby agreed as follows: 
 1. Grant of Performance-Based Vesting Restricted Stock Units. The Company hereby grants to Participant, as of the Award Date, performance-based vesting restricted stock units under the Plan
(the “Award”). Each performance-based restricted stock unit (“RSU”) represents the potential right to receive one share of Common Stock (each a “Share”) on the specified issuance date following the vesting of that RSU,
subject to the achievement of the performance goal or goals during the performance period described in this Agreement. The number of shares of Common Stock subject to the Award, the performance goal or goals applicable to those shares, the
applicable vesting schedule for those shares, the date on which those vested shares shall become issuable to Participant and the remaining terms and conditions governing the Award shall be as set forth in this Agreement. 

Award Summary 
  

			
		
	Award Date:	  	August 27, 2012
		
	Target Number of RSUs:	  	70,000 Shares

			
		
	Maximum Number of RSUs	 	105,000 Shares
		
	Performance Period :	 	January 2, 2012 - December 29, 2012
		
	Performance Goal(s):	 	In accordance with Section 14 of the Plan, the performance goal applicable to the RSUs shall be based on the degree of achievement of the Company’s (internal-only) 2012 Annual
Plan of Record revenue target (exclusive of revenues resulting from merger and acquisitions) for the Performance Period (the “Adjusted Revenue”) as determined or approved by the Compensation Committee, the threshold, target and maximum
amounts of which are set forth in the table below under “Earned RSUs.”
		
	Earned RSUs:	 	The number of Earned RSUs, if any (not to exceed the Maximum Number of RSUs) shall be determined based on the extent to which the Adjusted Revenue targets, set forth in the table
below, are achieved.

  

													
	 Performance Level
	  	Percentage Performance
Level of
Adjusted
Revenue Target
	 	 	Percentage of the
Target Number
of RSUs	 	 	Number
of Earned
RSUs	 
	 Threshold
	  	 	75	% 	 	 	50	% 	 	 	35,000	  
	 Target
	  	 	100	% 	 	 	100	% 	 	 	70,000	  
	 Maximum
	  	 	120	% 	 	 	150	% 	 	 	105,000	  

  

			
		 	 Actual Company Adjusted Revenue results between performance levels shall be determined on a straight line interpolation basis based on
the above figures. Notwithstanding the performance levels and corresponding Adjusted Revenue performance percentage and Earned RSU amounts set forth in the table above, in the event that the Adjusted Revenue performance percentage results are below
the threshold level of 75%, the Compensation Committee may determine in its discretion that a specified number of RSUs nevertheless shall be deemed Earned RSUs subject to the Vesting Schedule set forth below.

 
 To the extent the Award is intended to comply with Section 162(m) of the Code, the
Compensation Committee shall determine the extent to which the Performance Goal(s) has been met with respect to the Performance Period and shall certify the number of Earned RSUs that may be issued, subject to vesting, based on such determination.
Any portion of the Award not deemed Earned RSUs shall be cancelled, forfeited and of no further effect.

  
 2 

			
	Vesting Schedule:	 	The Earned RSUs shall vest in accordance with the following schedule, provided that the Participant remains in Continuous Status as an Employee, Consultant or Director through each
such date:

  

			
	 Vesting Date
	  	 Percentage of Earned
RSUs that
Vest

	 May 25, 2013
	  	50% of Earned RSUs
	 May 25, 2014
	  	25% of Earned RSUs
	 May 25, 2015
	  	25% of Earned RSUs

  

			
	Issuance Schedule:	 	The Shares in which Participant vests in accordance with the foregoing Vesting Schedule shall be issued upon vesting or as soon as administratively practicable thereafter, but in no
event later than the close of the calendar year in which such vesting occurs, or (if later) the fifteenth (15th) day of the third (3rd) calendar month following such vesting. The actual issuance of the Shares shall be subject to the Company’s
collection of all applicable Withholding Taxes in accordance with Paragraph 6 of this Agreement. In no event, however, shall any fractional shares be issued. Accordingly, the total number of shares of Common Stock to be issued pursuant to the Award
shall, to the extent necessary, be rounded down to the next whole share in order to avoid the issuance of a fractional share.

 2. Cessation of Employment or Service. Should Participant’s Continuous Status as an
Employee, Consultant or Director cease for any reason prior to vesting in one or more Shares subject to this Award, then the Award shall be immediately cancelled with respect to those unvested Shares. Participant shall thereupon cease to have any
right or entitlement to receive any Shares under those cancelled RSUs. Notwithstanding the foregoing, in the event Participant’s employment terminates in a manner that entitles him to the equity acceleration benefits (the “Acceleration
Benefits”) described in Section 8 or 9 of that certain Amended and Restated Executive Employment Agreement by and between the Company and Participant effective as of February 22, 2012 (the “Employment Agreement”), solely for
purposes of determining the number of the Shares underlying the RSUs that will vest upon such termination of employment pursuant to the Acceleration Benefits, (i) to the extent the number of Earned RSUs has not been determined by the
Compensation Committee as of the date Participant’s employment terminates, the number of Earned RSUs subject to vesting shall be the Target Number of RSUs and (ii) the Acceleration Benefits shall be calculated as of the date of
Participant’s Separation from Service (as defined in the Employment Agreement), including in such case as the Performance Period has not concluded as of such date. 

  
 3 

 3. Limited Transferability. Prior to the actual issuance of the Shares that
vest hereunder, Participant may not transfer any interest in the Award or the underlying Shares; provided, however, any Shares which vest hereunder but which otherwise remain unissued at the time of Participant’s death may be
transferred (subject to applicable law) pursuant to the provisions of Participant’s will or the laws of descent or distribution. 
 4. Stockholder Rights. The holder of this Award shall not have any stockholder rights, including voting or dividend rights, with respect to the Shares subject to the Award until Participant
becomes the record holder of those Shares following their actual issuance upon the Company’s collection of the applicable Withholding Taxes. 
 5. Adjustment in Shares. In the event of any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend,
combination or reclassification of the Common Stock, or any other increase or decrease in the number of issued shares of Common Stock effected without receipt of consideration by the Company (other than a conversion of any convertible securities of
the Company) then the number of Shares subject to this Award shall be adjusted proportionately by the Board. 
 6.
Collection of Withholding Taxes. 
 (a) Until such time as the Company provides Participant with written or
electronic notice to the contrary, the Company shall collect the Withholding Taxes required to be withheld with respect to the issuance of the vested Shares hereunder through an automatic share withholding procedure pursuant to which the Company
shall withhold, at the time of such issuance, a portion of the Shares with a Fair Market Value (measured as of the issuance date) equal to the amount of those taxes (the “Share Withholding Method”); provided, however, that the amount of
any Shares so withheld shall not exceed the minimum statutory amount required to be withheld by the Company. Notwithstanding the foregoing, the Administrator may, at its sole discretion, require that such Withholding Taxes be paid through one of the
following methods selected by the Administrator in lieu of the Share Withholding Method: 
 (i)
Participant’s delivery of his or her separate check payable to the Company in the amount of such taxes, or 

(ii) the use of the proceeds from a next-day sale of the Shares issued to Participant, provided and only if (A) such
a sale is permissible under the Company’s trading policies governing the sale of Common Stock, (B) Participant makes an irrevocable commitment, on or before the issuance date for those Shares, to effect such sale of the Shares and
(C) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Sarbanes-Oxley Act of 2002. 
 (b) Notwithstanding the provisions of subparagraph (a) of this Paragraph 6, the employee portion of any U.S. federal, state and local employment taxes and any foreign taxes or payments required to be
withheld by the Company in connection with the 

  
 4 

 vesting of the Shares (the “Employment Taxes”) shall in all events be collected from Participant
no later than the last business day of the calendar year in which the Shares vest hereunder. Accordingly, to the extent the issuance date for one or more vested Shares is to occur in a year subsequent to the calendar year in which those Shares vest,
Participant shall, on or before the last business day of the calendar year in which the Shares vest (or at such time as determined by the Company), deliver to the Company a check payable to its order in the dollar amount equal to the Employment
Taxes required to be withheld with respect to those Shares. 
 7. Compliance with Laws and Regulations. The
issuance of shares of Common Stock pursuant to the Award shall be subject to compliance by the Company and Participant with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange on which the
Common Stock may be listed for trading at the time of such issuance. 
 8. Notices. Any notice required to be given
or delivered to the Company under the terms of this Agreement shall be in writing and addressed to the Company at its principal corporate offices. Except to the extent electronic notice is expressly authorized hereunder, any notice required to be
given or delivered to Participant shall be in writing and addressed to Participant at the most recent residential address on file at the Company (its Parent or Subsidiary). All notices shall be deemed effective upon personal delivery (or electronic
delivery to the extent authorized hereunder) or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified. 
 9. Successors and Assigns. Except to the extent otherwise provided in this Agreement, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its
successors and assigns and Participant, Participant’s assigns and the legal representatives, heirs and legatees of Participant’s estate. 
 10. Construction. This Agreement and the Award evidenced hereby are made and granted pursuant to the Plan and are in all respects limited by and subject to the terms of the Plan. All
decisions of the Administrator with respect to any question or issue arising under the Plan or this Agreement shall be conclusive and binding on all persons having an interest in the Award. 

11. Governing Law. The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the
State of Delaware without resort to that State’s conflict-of-laws rules. 
 12. Employment at Will. Nothing in
this Agreement or in the Plan shall confer upon Participant any right to continue in employment or service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary
employing or retaining Participant) or of Participant, which rights are hereby expressly reserved by each, to terminate Participant’s Continuous Status as an Employee, Consultant or Director at any time for any reason, with or without cause,
subject to applicable law and the terms of any employment agreement. 

  
 5 

 13. Nature of Grant; No Entitlement; No Claim for Compensation. In accepting
the grant of this Award for the number of Shares as specified above, Participant acknowledges the following: 
 (a) The Plan and
any sub-plans and addenda thereto are established voluntarily by the Company, they are discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time. 

(b) The grant of this Award is voluntary and occasional and does not create any contractual or other right to receive future grants of
awards, or benefits in lieu of awards, even if awards have been granted repeatedly in the past. 
 (c) All decisions with
respect to future awards, if any, will be at the sole discretion of the Administrator. 
 (d) Participant is voluntarily
participating in the Plan. 
 (e) This Award is an extraordinary item that does not constitute compensation of any kind for
services of any kind rendered to the Company or its Parent or Subsidiaries (including, as applicable, Participant’s employer) and which is outside the scope of Participant’s employment contract, if any. 

(f) This Award is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any
severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. 
 (g) In the event that Participant’s employer is not the Company, the grant of the Award shall not be interpreted to form an employment contract or relationship with the Company and, furthermore, the
grant of the Award shall not be interpreted to form an employment contract with Participant’s employer or any Parent or Subsidiary. 
 (h) The future value of the Shares underlying the Award is unknown and cannot be predicted with certainty. 
 (i) In consideration of the grant of this Award, no claim or entitlement to compensation or damages shall arise from termination of the Award or diminution in value of the Award or any of the Shares
issuable under the Award from termination of Participant’s employment by the Company or Participant’s employer, as applicable (and for any reason whatsoever and whether or not in breach of contract or local labor laws), and Participant
irrevocably releases his or her employer, the Company and its Subsidiaries, as applicable, from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by
accepting this Agreement, Participant shall be deemed to have irrevocably waived his or her entitlement to pursue such claim. 

  
 6 

 14. Data Privacy. 

(a) Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form,
of Participant’s personal data as described in this Agreement by and among, as applicable, Participant’s employer, the Company and its Parent and Subsidiaries for the exclusive purpose of implementing, administering and managing
Participant’s participation in the Plan. 
 (b) Participant understands that Participant’s employer, the Company
and its Parent and Subsidiaries, as applicable, hold certain personal information about Participant regarding Participant’s employment, the nature and amount of Participant’s compensation and the fact and conditions of Participant’s
participation in the Plan, including, but not limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, health, job title, any shares of stock
or directorships held in the Company and its Parent and Subsidiaries, details of all options, awards or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor, for the
purpose of implementing, administering and managing the Plan (the “Data”). Participant understands that the Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these
recipients may be located in Participant’s country, or elsewhere, and that the recipient’s country may have different data privacy laws and protections than Participant’s country. Participant understands that Participant may request a
list with the names and addresses of any potential recipients of the Data by contacting stockholder services at the Company. Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form,
for the purposes of implementing, administering and managing Participant’s participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party. Participant understands that the Data will
be held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant understands that Participant may, at any time, view the Data, request additional information about the storage and
processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing Participant’s local human resources representative. Participant understands,
however, that refusing or withdrawing Participant’s consent may affect Participant’s ability to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent,
Participant understands that Participant may contact his or her local human resources representative. 
 15. Electronic
Delivery. The Company may deliver any documents related to the Award, the Plan or future awards that may be granted under the Plan by electronic means. Such means of electronic delivery include, but do not necessarily include, the delivery
of a link to a Company intranet or the internet site of a third party involved in administering the Plan, the delivery of the documents via e-mail or such other means of electronic delivery specified by the Company. Participant hereby acknowledges
that he or she has read this provision and consents to the electronic delivery of the documents and that electronic acceptance of this Agreement constitutes acceptance as if Participant physically executed this Agreement. Participant further

  
 7 

 acknowledges that he or she shall not receive the Award if he or she fails to accept this Agreement
electronically or by physical signature. Participant acknowledges that he or she may receive from the Company a paper copy of any documents delivered electronically at no cost to Participant by contacting the Company. Participant further
acknowledges that he or she will be provided with a paper copy of any documents if the attempted electronic delivery of such documents fails. Similarly, Participant understands that he or she must provide the Company with a paper copy of any
documents if the attempted electronic delivery of such documents fails. 

  
 8 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year
first indicated above. 
  

			
	PMC-SIERRA, INC.
		
	 By:
	 	 
		
	 Title:
	 	 

  

			
	PARTICIPANT
		
	Signature:	 	 

 APPENDIX A  

DEFINITIONS 
 The following definitions shall be in effect under the Agreement: 
 A.
Administrator shall mean the particular entity, whether the Compensation Committee or other committee of the Board, which is authorized to administer the Plan with respect to one or more classes of eligible persons, to the extent such
entity is carrying out its administrative functions under the Plan with respect to the persons under its jurisdiction. 
 B.
Agreement shall mean this Restricted Stock Unit Agreement. 
 C. Award shall mean the award of
restricted stock units made to Participant pursuant to the terms of this Agreement. 
 D. Award Date shall mean
the date the restricted stock units are awarded to Participant pursuant to the Agreement and shall be the date indicated in Paragraph 1 of the Agreement. 
 E. Board shall mean the Company’s Board of Directors. 
 F.
Code shall mean the Internal Revenue Code of 1986, as amended. 
 G. Common Stock shall mean shares
of the Company’s common stock. 
 H. Company shall mean PMC-Sierra, Inc., a Delaware corporation. 

I. Compensation Committee shall mean the Compensation Committee of the Board. 

J. Continuous Status as an Employee, Consultant or Director shall mean that the employment, consulting or director
relationship with the Company or any Parent or Subsidiary is not interrupted or terminated. Continuous Status as an Employee, Consultant or Director shall be deemed to cease to be in Continuous Status as an Employee, Consultant or Director
immediately upon the occurrence of either of the following events: (i) Participant no longer performs services in any of the foregoing capacities for the Company or any Parent or Subsidiary or (ii) the entity for which Participant is
performing such services ceases to remain a Parent or Subsidiary of the Company, even though Participant may subsequently continue to perform services for that entity. Continuous Status as an Employee, Consultant or Director shall not be considered
interrupted in the case of: (i) any leave of absence approved by the Company, including sick leave, military leave, or any other personal leave; or (ii) transfers between locations of the Company or between the Company, its Parent, its
Subsidiaries or its successor. Except to the extent required by law or expressly authorized by the Administrator or by the Company’s written policy on leaves of absence, no service credit shall be given for vesting purposes for any period
Participant is on a leave of absence. Notwithstanding the foregoing, the 

  
 A-1

 Administrator may determine that other interruptions or terminations in the employment or consulting
relationship with the Company or any Parent or Subsidiary shall not constitute an interruption in the Continuous Status as an Employee, Consultant or Director. 
 K. Fair Market Value shall mean, as of any date, the value of Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange, the Fair Market Value of a share of Common Stock shall be the closing sales price for such stock as such price is reported by the
National Association of Securities Dealers (if primarily traded on the Nasdaq Global Select Market) or as officially quoted in the composite tape of transactions on any other stock exchange with the greatest volume of trading in Common Stock on the
date of determination (or, if no closing sales price was reported on that date, on the last preceding trading date such closing sales price was reported) at the end of regular hours trading, as reported in The Wall Street Journal or such other
source as the Administrator deems reliable; 
 (ii) If the common is quoted on the National Association of
Securities Dealers, Inc. Automated Quotation System (but not on the National Market System thereof) or is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a share of Common Stock shall
be the mean between the high bid and low asked prices for the Common Stock on the date of determination (or, if no such prices were reported on that date, on the last preceding date such prices were reported), at the end of regular hours trading as
reported in The Wall Street Journal or such other source as the Administrator deems reliable; or 
 (iii) In the
absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Administrator. 
 L. 1934 Act shall mean the Securities Exchange Act of 1934, as amended from time to time. 
 M. Participant shall mean the person to whom the Award is made pursuant to the Agreement. 
 N. Parent shall mean any Company (other than the Company) in an unbroken chain of companies ending with the Company, provided each Company in the unbroken chain (other than the Company)
owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other companies in such chain. 

O. Plan shall mean the Company’s 2008 Equity Plan, as may be amended from time to time. 

  
 A-2

 P. Subsidiary shall mean any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company, provided each corporation (other than the last corporation) in the unbroken chain owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations in such chain. 
 Q. Withholding Taxes
shall mean the U.S. federal, state, local and foreign income and employment taxes, social security taxes, social insurance, payroll taxes, contributions, payment on account obligations, national taxes or other payments required to be
withheld by the Company in connection with the vesting and issuance of the shares of Common Stock under the Award. 

  
 A-3

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