Document:

Teradata Corporation Employee Stock Purchase Plan

 EXHIBIT 4.1 
 TERADATA CORPORATION EMPLOYEE STOCK PURCHASE PLAN 
  

	1.	Purpose 

 The Teradata Corporation Employee Stock
Purchase Plan (“Plan”) provides Eligible Employees with an opportunity to purchase Teradata Common Stock through payroll deductions and is intended as an employment incentive and to encourage ownership of Teradata Common Stock to enable
Eligible Employees to participate in the economic progress of Teradata Corporation (“Teradata”) during the term of the Plan. 
 The
Company intends to have the Plan qualify as an “employee stock purchase plan” under Section 423 of the Code. The provisions of the Plan shall be construed so as to extend and limit participation in a manner consistent with the
requirements of Section 423 of the Code. 
 This Plan will be effective upon the Effective Time. 
  

	2.	Definitions 

 2.1
“Affiliate” means any person that directly, or through one or more intermediaries, controls, or is controlled by, or under common control with, the Company. 
 2.2 “Beneficiary” has the meaning set forth in Section 15. 
 2.3 “Board of Directors” means the Board of Directors of the Company. 
 2.4 “Code” means the Internal Revenue Code of 1986, as amended. 
 2.5 “Company” means Teradata Corporation, a Delaware corporation. 
 2.6 “Compensation” means the total amount received by a Participant from the Company or a Subsidiary as salary, wages, bonus or
other remuneration including (i) overseas premium pay, (ii) appropriate commission or other earnings by sales personnel, (iii) overtime pay, (iv) payments for cost-of-living increases, and (v) sick pay, but excluding
contributions of the Company or a Subsidiary to an employee benefit plan thereof. 
 2.7 “Continuous Service” means
the length of time an Employee has been in the continuous employ of the Company and/or a Subsidiary and/or an Affiliate. 
 2.8
“Designated Subsidiary” means a Subsidiary which shall have been designated by the Chief Executive Officer or Senior Vice President, Human Resources of the Company to participate in the Plan; provided, that any such designation may be
revoked in like manner at any time. 
 2.9 “Effective Time” shall have the meaning set forth in the Separation and
Distribution Agreement by and between NCR Corporation and Teradata. 
 2.10 “Eligible Employees” means only those
persons who on an Offering Date: (i) are Employees of the Company or a Designated Subsidiary, and (ii) are not deemed for purposes of 

  

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Section 423(b)(3) of the Code to own stock possessing 5% or more of the total combined voting power or value of all classes of stock of the Company or a
Subsidiary or the parent of the Company, if any. 
 2.11 “Employees” means all persons employed by the Company or a
Subsidiary, and unless otherwise prohibited by applicable law, excludes those persons whose customary employment is 20 hours or less per week and/or whose customary employment is for five months or less in any calendar year. “Employee”
does not include leased employees within the meaning of Section 414(n) of the Code, and does not include “payroll service or agency employees” as defined in the following sentence. “Payroll service or agency employee” means
an individual (i) for whom the direct pay or compensation with respect to the performance of services for the Company or any Subsidiary or Affiliate is paid by any outside entity, including but not limited to a payroll service or temporary
employment agency rather than by the Teradata internal corporate payroll system, or (ii) who is paid directly by the Company or any Subsidiary or Affiliate, but not through an internal corporate payroll system (e.g., through purchase order
accounts). The determination whether an individual is a “payroll service or agency employee” shall be made solely according to the method of paying the individual for services, without regard to whether the individual is considered a
common law employee of the Company for any other purpose, and such determination will be within the discretionary authority of the plan administrator. 
 2.12 “Exercise Date” means the last business day of each month. 
 2.13
“Investment Account” has the meaning set forth in Section 12. 
 2.14 “Teradata Common Stock” means
shares of common stock, par value $0.01, of Teradata. 
 2.15 “Offering” means the offering of shares of Teradata
Common Stock to Eligible Employees pursuant to the Plan. 
 2.16 “Offering Date” means the first business day of each
month. 
 2.17 “Participant” means an Eligible Employee who elects to participate in the Plan. 
 2.18 “Payroll Department” means the department of the Company or a Subsidiary from which a Participant’s Compensation is
disbursed. 
 2.19 “Plan” means this Teradata Employee Stock Purchase Plan. 
 2.20 “Plan Year” means calendar years through December 31, 2016. 
 2.21 “Purchase Period” means the period from an Offering Date to the next succeeding Exercise Date. 
 2.22 “Recordkeeper” means the third party administrator that maintains records for the Plan. 
  

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 2.23 “Subsidiary” means any corporation in which the Company, directly or
indirectly, owns stock possessing 50% or more of the total combined voting power of all classes of stock. 
  

	3.	Shares 

 The aggregate number of shares of Teradata
Common Stock which may be purchased under the Plan shall not exceed a total of four million (4,000,000). Notwithstanding the foregoing, the aggregate number of shares is subject to adjustment in accordance with Section 20 hereof. Shares issued
under the Plan will consist of authorized and unissued shares. 
  

	4.	Offering 

 Each Eligible Employee on an Offering
Date shall be entitled to purchase, in the manner and on the terms herein provided, shares of Teradata Common Stock at the Purchase Price set forth in Section 8 hereof with amounts withheld pursuant to Section 6 hereof during the Purchase
Period commencing on such Offering Date. 
 Anything herein to the contrary notwithstanding, if any person entitled to purchase shares
pursuant to any Offering hereunder would be deemed, for the purposes of Section 423(b)(3) of the Code, to own stock (including any number of shares which such person would be entitled to purchase hereunder and under any other similar plan
or stock option plan of the Company, the parent of the Company or any Subsidiary) possessing 5% or more of the total combined voting power or value of all classes of stock of the Company, the parent of the Company or a Subsidiary, the maximum number
of shares which such person shall be entitled to purchase pursuant to the Plan shall be reduced to that number which, when added to the number of shares of stock of the Company, the parent of the Company or a Subsidiary which such person is so
deemed to own (excluding any number of shares which such person would be entitled to purchase hereunder), is one less than such 5% and any balance remaining in such person’s account to purchase shares of Teradata Common Stock under this Plan
(“Stock Purchase Account”) shall be refunded. 
  

	5.	Entry Into the Plan; Stock Purchase Agreements 

 Any Eligible Employee may become a Participant in the Plan by filing a stock purchase agreement
prior to the 15th day of the month immediately preceding March 1 or September 1 in each Plan Year (a “Stock Purchase Agreement”). Once
an Eligible Employee has filed a Stock Purchase Agreement and become a Participant in the Plan, he shall remain a Participant until he withdraws from the Plan in accordance with Section 13 hereof, and he shall not be required to file a Stock
Purchase Agreement for any succeeding Offering or Plan Year until he withdraws from the Plan. 
 A Participant may change his level of payroll deduction prior to the 15th of the month immediately preceding March 1
or September 1 in any Plan Year. 
  

	6.	Payment for Shares; Payroll Deductions 

 Payment for
shares of Teradata Common Stock purchased hereunder shall be made by authorized payroll deductions from a Participant’s Compensation pursuant to this Section. 
  

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 In his Stock Purchase Agreement, a Participant shall authorize a deduction from each payment of
Compensation during a Purchase Period of an amount equal to any full percentage of such payment; provided, however, that the minimum deduction shall be 1% and the maximum deduction shall be 10% of any payment of Compensation. 
 A Participant on an unpaid leave of absence will remain a Participant in the Plan but no amounts will be credited to the Participant’s Stock
Purchase Account during the time the Participant receives no Compensation. 
  

	7.	Payroll Deductions 

 Amounts deducted from a
Participant’s Compensation pursuant to Section 6 hereof shall be recorded by the Company and applied to the purchase of Teradata Common Stock hereunder. No interest shall accrue or be payable to any Participant with respect to any deducted
amounts. 
  

	8.	Purchase Price 

 The Purchase Price per share of the
shares of Teradata Common Stock sold to Participants hereunder for any Offering shall be 95% of the average of the reported highest and lowest sale prices of shares of Teradata Common Stock on the New York Stock Exchange on the applicable Exercise
Date. Should no sale of Teradata Common Stock occur on any Exercise Date, then the Purchase Price shall be determined on the basis of the sales of Teradata Common Stock on the first day prior thereto on which such sales were made. Anything herein to
the contrary notwithstanding, the Purchase Price per share shall not be less than the par value of a share of Teradata Common Stock. 
  

	9.	Purchase of Shares; Limitation on Right to Purchase 

 As of each Exercise Date, each Participant shall be offered the right to purchase, and shall be deemed, without any further action, to have purchased, at the Purchase Price in United States dollars, the number of full shares of Teradata
Common Stock which can be purchased with the amount credited to such Participant’s Stock Purchase Account. All such shares shall be maintained in Investment Accounts for the Participants. All dividends paid with respect to such shares shall be
credited to the Participants’ Investment Accounts, and will be automatically reinvested in shares of Teradata Common Stock, unless the Participant elects not to have such dividends reinvested. Any remaining balance in a Participant’s Stock
Purchase Account not used to purchase full shares of Teradata Common Stock shall be applied to purchase shares of Teradata Common Stock on the next Exercise Date or, in the event that there is no next Exercise Date, shall be refunded to the
Participant. 
 At the time a Participant’s payroll deduction amounts are used to purchase the Teradata Common Stock, he or she will
have all of the rights and privileges of a stockholder of Teradata with respect to the shares purchased under the Plan. 
 Anything herein to
the contrary notwithstanding, (i) a Participant may not purchase more than 50,000 shares of Teradata Common Stock through this Plan in any Purchase Period hereunder and (ii) if at any time when any person is entitled to complete the
purchase of any shares pursuant to the Plan, taking into account such person’s rights, if any, to purchase stock 

  

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under all other employee stock purchase plans of the Company, its parent and of any Subsidiaries, the result would be that during the then current calendar
year such person would have first become entitled to purchase under the Plan and all such other plans a number of shares of stock which would exceed the maximum number of shares permitted by the provisions of Section 423(b)(8) of the Code, then
the number of shares which such person shall be entitled to purchase pursuant to the Plan shall be reduced by the number which is one more than the number of shares which represents the excess, and any remaining balance of the Participant’s
payroll deductions shall be refunded. 
  

	10.	Expiration of Purchase Period 

 As of each Exercise
Date the amount of payroll deductions for each Participant in the applicable Purchase Period shall be applied to purchase shares of Teradata Common Stock at the Purchase Price. 
  

	11.	Issuance of Shares 

 The shares of Teradata Common
Stock purchased by a Participant on an Exercise Date shall, for all purposes, be deemed to have been issued and sold at the close of business on such Exercise Date. Prior to that time, none of the rights or privileges of a stockholder shall exist
with respect to such shares. 
 As soon as practicable after such Exercise Date, the Company shall cause a book entry to be registered in the
street name of the Recordkeeper on behalf of the Participants, for the number of shares of Teradata Common Stock purchased by the Participants on such Exercise Date, as designated in the Participant’s Stock Purchase Agreement. Such designation
may be changed at any time by filing notice thereof. The Senior Vice President, Human Resources shall have sole discretion to adopt rules governing the registration of shares purchased hereunder, and may restrict the types of designations permitted
under a Participant’s Stock Purchase Agreement. 
  

	12.	Investment Accounts Maintained by Recordkeeper 

 The
Recordkeeper shall maintain an Investment Account for each Participant with a record of the shares purchased by the Participant. The Participant may at any time direct the Recordkeeper to (i) sell some or all of the shares credited to his
Investment Account and deliver the cash in U.S. currency to the Participant, subject to any applicable delivery or transfer charge or (ii) provide the Participant a notice of issuance of uncertificated shares reflecting some or all of the whole
shares credited to his Investment Account. 
  

	13.	Withdrawal 

 A Participant may withdraw from the
Plan at any time by filing notice of withdrawal. Upon a Participant’s withdrawal, the amount credited to his Stock Purchase Account shall go toward the purchase of Teradata Common Stock on the next Exercise Date. Any Participant who withdraws
from the Plan may again become a Participant hereunder in accordance with Section 5 hereof. 
  

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	14.	Termination of Continuous Service 

 If a
Participant’s Continuous Service terminates for any reason during a Purchase Period, the amount credited to his Stock Purchase Account as of the termination date shall be used to purchase shares of Teradata Common Stock pursuant to
Section 9 hereof as of the next succeeding Exercise Date. The Participant may elect within 60 days of the date of his termination of employment to liquidate his Investment Account by either of the methods described in Section 12 or some
combination of both. If the Recordkeeper receives no directions from the Participant within 60 days after his termination date, the Recordkeeper may deem that the Participant elected to retain ownership of the stock in the Participant’s own
name and receive appropriate evidence of such ownership, and the Recordkeeper may proceed accordingly. 
 If a Participant transfers to
part-time status during a Purchase Period, his payroll deductions for the Plan shall terminate as of the date of such transfer and the amount credited to his Stock Purchase Account as of the effective date of any such occurrence shall remain in the
Stock Purchase Account until the Exercise Date. The Recordkeeper shall continue to maintain the Participant’s Investment Account. 
  

	15.	Death 

 If a Participant dies during a Purchase
Period, the amount credited to his Stock Purchase Account as of the date of death shall be applied to the purchase of Teradata Common Stock on the Exercise Date. 
 The Recordkeeper shall transfer the Participant’s Investment Account to the executor or administrator of the Participant’s estate. If no executor or administrator is appointed (to the knowledge of the
Company), the Company in its discretion may direct the Recordkeeper to transfer the Investment Account to the Participant’s spouse or to any one or more dependents of the Participant. 
  

	16.	Procedure if Insufficient Shares Available 

 In the
event that on any Exercise Date the aggregate funds available for the purchase of shares of Teradata Common Stock pursuant to Section 9 hereof would purchase a number of shares in excess of the number of shares then available for purchase under
the Plan, the Senior Vice President, Human Resources shall proportionately reduce the number of shares which would otherwise be purchased by each Participant on such Exercise Date in order to eliminate such excess, the Plan shall automatically
terminate immediately after such Exercise Date and any remaining balance credited to the Stock Purchase Account of each Participant shall be refunded to each such Participant. 
  

	17.	Rights not Transferable 

 Rights to purchase shares
under the Plan are exercisable only by the Participant during his lifetime and are not transferable by him other than by will or the laws of descent and distribution. If a Participant attempts to transfer his rights to purchase shares under the Plan
other than by will, he shall be deemed to have requested withdrawal from the Plan and the provisions of Section 13 hereof shall apply with respect to such Participant. 
  

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	18.	Administration of the Plan 

 Subject to the general
control of, and superseding action by, the Board of Directors, the Senior Vice President, Human Resources shall have full power to administer the Plan. He or she shall adopt rules not inconsistent with the provisions of the Plan for its
administration. He or she shall adopt the form of Stock Purchase Agreement, all notices required hereunder, and any on the registration of certificates for shares purchased hereunder. His or her interpretation and construction of the Plan and Rules
shall, subject as aforesaid, be final and conclusive. 
  

	19.	Amendment of the Plan 

 The Board of Directors may
at any time, or from time to time, alter or amend the Plan in any respect, except that, without approval of the stockholders of Teradata, no amendment may (i) increase the number of shares reserved for purchase under the Plan other than as
provided in Section 20 hereof or (ii) reduce the Purchase Price per share as defined in Section 8 hereof. 
  

	20.	Recapitalization; Effect of Certain Transactions 

 The aggregate number of shares of Teradata Common Stock reserved for purchase under the Plan as provided in Section 3 hereof, the maximum number of shares which a Participant may purchase in any Purchase Period as provided in
Section 9 hereof, and the calculation of the Purchase Price per share as provided in Section 8 hereof shall be appropriately adjusted to reflect a subdivision or consolidation of shares or other capital adjustment, or the payment of a
stock dividend, extraordinary cash dividend or other increase or decrease in the number of issued shares of Teradata Common Stock, effected without receipt of consideration by the Company. If Teradata shall merge or consolidate, whether or not
Teradata is the surviving or resulting corporation in such merger or consolidation, any Offering hereunder shall pertain to and apply to shares of stock of Teradata or any shares issued in connection with such merger or consolidation in exchange for
shares of stock of Teradata, unless prior to such merger or consolidation, the Board of Directors of the Company shall, in its discretion, terminate the Plan and/or any Offering hereunder. Notwithstanding the foregoing, a dissolution or liquidation
of Teradata shall cause the Plan and any Offering hereunder to terminate and the entire amount credited to the Stock Purchase Account of each Participant thereunder shall be paid to each such Participant. 
  

	21.	Expiration and Termination of the Plan 

 The Plan
shall continue in effect through the tenth anniversary of the Effective Time unless terminated prior thereto pursuant to Section 16 or 20 hereof, or pursuant to the next succeeding sentence. The Board of Directors shall have the right to
terminate the Plan or any Offering hereunder at any time. In the event of the expiration of the Plan or its termination or the termination of any Offering pursuant to the immediately preceding sentence, the entire amount credited to the Stock
Purchase Account of each Participant hereunder shall be refunded to each such Participant. 
  

	22.	Treatment of Fractional Shares 

 For any amounts of
payroll deductions that are insufficient to purchase a whole share, the Recordkeeper may determine whether its standard practice will be to credit the Participants’ 

  

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Investment Accounts with fractional shares or with the insufficient cash amount that will be carried over and applied to the next Purchase Period. If the
Investment Accounts are credited with fractional shares, such fractional shares shall be cashed out when a Participant closes his or her Investment Account. 
  

	23.	Notice 

 Any notice which a Participant files
pursuant to the Plan shall be in the appropriate form and shall be delivered by hand or mailed, postage prepaid, to such Participant’s Payroll Department. 
  

	24.	Repurchase of Stock 

 The Company shall not be
required to repurchase from any Participant shares of Teradata Common Stock which such Participant acquires under the Plan. 
  

	25.	Use of Funds 

 All payroll deductions received or
held by the Company under this Plan may be used by the Company for any corporate purpose and the Company shall not be obligated to segregate such payroll deductions. 
  

	26.	Alternate Contribution Methods 

 Anything herein to
the contrary notwithstanding, in the event authorized payroll deductions form a Participant’s Compensation are not permitted by reason of the provisions of local law applicable to the Company or a Designated Subsidiary, or are not practicable
in the opinion of the Senior Vice President, Human Resources, the appropriate alternative method pursuant to which affected Participants may make payment for shares of Teradata Common Stock purchased hereunder which would otherwise have been made
pursuant to Section 6 hereof shall be designated by the Senior Vice President, Human Resources. Payments made hereunder shall be deemed to have been made pursuant to Section 6 hereof. 
  

	27.	Fees 

 The Recordkeeper may charge Participants
reasonable transaction fees, as agreed by the Company. 
  

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 IN WITNESS WHEREOF, the Company has caused this Plan to be duly executed on this 1st day of
October, 2007. 
  

			
	FOR TERADATA CORPORATION
		
	By:	 	/S/ SAUNDRA DAVIS        
	Name:	 	Saundra Davis
	Title:	 	VP, Human Resources

  
  

 9Restricted Stock Units Award Agreement

 EXHIBIT 10.1 
 RESTRICTED STOCK UNITS AWARD AGREEMENT 
 ON SEMICONDUCTOR 
 2000 STOCK INCENTIVE PLAN 
 (Form
of Time and Performance Based Award for Officers) 
 ON Semiconductor Corporation, a Delaware Corporation (“Company”),
hereby grants to [                    ] (“Grantee”), a Participant in the ON Semiconductor Corporation (formerly known as SCG
Holding Corporation) 2000 Stock Incentive Plan (“Plan”), as amended, a Restricted Stock Units Award (“Award”) for Units (“Units”) representing shares of the Company’s Common Stock (“Stock”). The grant is
made effective as of the [        ] day of [                    ] (“Grant Date”).
Although designated as a “Restricted Stock Unit Award,” this Award is granted under the Performance Share Award portion of the Plan. 
 A. The Board of Directors of the Company (“Board”) has adopted the Plan as an incentive to retain members of the Board, and key employees, officers and consultants of the Company and to enhance the ability of the Company to
attract new members of the Board, employees, officers and consultants whose services are considered unusually valuable by providing an opportunity for them to have a proprietary interest in the success of the Company. 
 B. The Board has approved the granting of units to the Grantee pursuant to the Plan to provide an incentive to the Grantee to focus on the
long-term growth of the Company. 
 C. To the extent not specifically defined in this Restricted Stock Units Award Agreement
(“Agreement”), all capitalized terms used in this Agreement shall have the meaning set forth in the Plan. 
 In consideration of
the mutual covenants and conditions hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Grantee agree as follows: 
 1. Grant of Units. Grantee is hereby granted a Restricted Stock Units Award for
[            ] Units, representing the right to receive the same number of shares of the Company’s Stock, subject to the terms and conditions in this Agreement. This Award is
granted pursuant to the Plan and its terms are incorporated by reference. 
 2. Vesting of Units. 
 a. [            ] of the Units will vest in accordance with the following schedule:

  

			
	 Number of RSUs Vested
	 	 Vesting Date

	 [            ]
	 	[            ] Anniversary of Grant Date
		
	 [            ]
	 	[            ] Anniversary of Grant Date
		
	 [            ]
	 	[            ] Anniversary of Grant Date

 b. [            ] of the Units will
vest in accordance with, and only upon the attainment of, prior to [                    ], the following performance criteria: 
  

			
	 Number of RSUs Vested
	 	 Performance Criteria

	 [            ]
	 	Product revenue of $[            ] million and gross margins on product revenue of at least
[        ]% in [        ] consecutive quarters
		
	 [            ]
	 	Product revenue of $[            ] million and gross margins on product revenue of at least
[        ]% in [        ] consecutive quarters
		
	 [            ]
	 	Product revenue of $[            ] million and gross margins on product revenue of at least
[        ]% in [        ] consecutive quarters

 By way of example, if in [        ] consecutive
quarters ON has product revenue in excess of $[            ] million and for those [        ] quarters has product gross margins of at
least [        ]%, all [            ] Units will become vested. For purposes of the above vesting schedule, qualifying product revenues
and product gross margins shall be determined in accordance with U.S. GAAP unless the Board or the
[                            ] Committee of the Board
(“[                            ] Committee”) determines that an alternative method would be
more appropriate to achieve the objectives of this Award. When the Grantee believes that any of the performance criteria listed above have been achieved, the Grantee shall notify the Chairman of the
[                            ] Committee in writing of such achievement (“Notice of
Achievement”). The [                            ] Committee will promptly review any such Notice
of Achievement and either accept it or provide an explanation for non-acceptance in writing. The Grantee understands that such review by the
[                            ] Committee may include an analysis of any and all parameters of the
qualifying performance and that the [                            ] Committee’s final
determination not to accept a Notice of Achievement for the relevant measurement period shall be made in good faith and shall be final and binding on the Grantee. If a Notice of Achievement is accepted by the
[                            ] Committee as described above, then the relevant number of RSUs
associated with such Notice of Achievement shall become fully vested on the date the
[                            ] Committee has made such final determination. 
 3. Termination of Employment. 
 3.1 General. Subject to the provisions of 3.2 below, if the Grantee terminates employment with the Company for any reason, any Units that are not vested under the schedule in 2 above will be canceled and forfeited as of the
date of termination of employment or service. 
 3.2 Change in Control. If the Company terminates the Grantee’s employment
without Cause (including a deemed termination for Good Reason, if applicable for this Grantee) within two (2) years following a Change in Control, then the unvested portion of the Units shall become immediately vested. 
  

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 4. Time and Form of Payment. Subject to the provisions of the Agreement and the Plan, as
the number of Units vest under 2 above, the Company will deliver to the Grantee the same number of whole shares of Stock, rounded up or down. 
 5. Nontransferability. The Units granted by this Agreement shall not be transferable by the Grantee or any other person claiming through the Grantee, either voluntarily or involuntarily, except by will or the laws of descent
and distribution or as otherwise provided under Section 13.5 of the Plan. 
 6. Adjustments. In the event of a stock
dividend or in the event the Stock shall be changed into or exchanged for a different number or class of shares of stock of the Company or of another corporation, whether through reorganization, recapitalization, stock split-up, combination of
shares, merger or consolidation, there shall be substituted for each such remaining share of Stock then subject to this Agreement the number and class of shares of stock into which each outstanding share of Stock shall be so exchanged, all as set
forth in Section 14 of the Plan. 
 7. Delivery of Shares. No shares of Stock shall be delivered under this Agreement
until (i) the Units vest in accordance with the schedule set forth in 2 above; (ii) approval of any governmental authority required in connection with the Agreement, or the issuance of shares thereunder, has been received by the Company;
(iii) if required by the Committee, the Grantee has delivered to the Company documentation (in form and content acceptable to the Company in its sole and absolute discretion) to assist the Company in concluding that the issuance to the Grantee
of any share of Stock under this Agreement would not violate the Securities Act of 1933 or any other applicable federal or state securities laws or regulations; and (iv) the Grantee has complied with 13 below of this Agreement in order for the
proper provision for required tax withholdings to be made. 
 8. Securities Act. The Company shall not be required to deliver
any shares of Stock pursuant to the vesting of Units if, in the opinion of counsel for the Company, such issuance would violate the Securities Act of 1933 or any other applicable federal or state securities laws or regulations. 
 9. Voting and Other Stockholder Related Rights. The Grantee will have no voting rights or any other rights as a stockholder of the Company
(e.g., no rights to cash dividends) with respect to nonvested Units until the Units become vested and the Company issues shares of Stock to the Grantee. 
 10. Copy of Plan. By the execution of this Agreement, the Grantee acknowledges receipt of a copy of the Plan. 
 11. Administration. This Agreement shall at all times be subject to the terms and conditions of the Plan and the Plan shall in all respects be administered by the Board in accordance with the terms of
and as provided in the Plan. The Board shall have the sole and complete discretion with respect to all matters reserved to it by the Plan and decisions of the majority of the Board with respect 

  

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thereto and to this Agreement shall be final and binding upon the Grantee and the Company. In the event of any conflict between the terms and conditions of
this Agreement and the Plan, the provisions of the Plan shall control. 
 12. Continuation of Employment. This Agreement shall
not be construed to confer upon the Grantee any right to continue employment with the Company and shall not limit the right of the Company, in its sole and absolute discretion, to terminate Grantee’s employment at any time. 
 13. Tax Withholding. Pursuant to Section 17.3 of the Plan, unless otherwise provided by the Committee prior to the vesting of shares
as set forth in the next sentence, the Grantee shall satisfy any federal, state, local or foreign employment or income taxes due upon the vesting of the Units (or otherwise) by having the Company withhold from those shares of Stock that the Grantee
would otherwise be entitled to receive, a number of shares having a Fair Market Value equal to the minimum statutory amount necessary to satisfy the Company’s applicable federal, state, local and foreign income and employment tax withholding
obligation. In lieu of, and subject to, the above, the Committee may also permit the Grantee to satisfy any federal, state, local, or foreign employment or income taxes due upon the vesting of shares of the Units (or otherwise) by (i) personal
check or other cash equivalent acceptable to the Company, (ii) permitting the Grantee to execute a same day sale of Stock pursuant to procedures approved by the Company, or (iii) such other method as approved by the Committee, all in
accordance with applicable Company policies and procedures and applicable law. 
 14. Governing Law. This Agreement shall be
interpreted and administered under the laws of the State of Delaware. 
 15. Amendments. This Agreement may be amended only by
a written agreement executed by the Company and the Grantee. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by its
duly authorized representative and the Grantee has signed this Agreement as of the date first written above. 
  

			
	ON SEMICONDUCTOR CORPORATION
		
	By:	 	  

		
	By:	 	  

  

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