Document:

Exhibit

Exhibit 10.41

LIONS GATE ENTERTAINMENT CORP. 
2019 PERFORMANCE INCENTIVE PLAN
SHARE APPRECIATION RIGHTS AWARD AGREEMENT

THIS SHARE APPRECIATION RIGHTS AWARD AGREEMENT (this “Award Agreement”) dated ____________________, by and between LIONS GATE ENTERTAINMENT CORP., a company recognized under the laws of the Province of British Columbia (the “Corporation”), and ____________________ (the “Participant”), evidences the award (the “Award”) granted by the Corporation to the Participant of the number of share appreciation rights (the “SARs”) set forth below with respect to the Corporation’s Class B non-voting common shares (the “Class B Common Shares”).

	
		
	Number of SARs: 

	Base Price per SAR: 1

	Award Date: 

	Expiration Date: 1,

	Vesting1,2 [The Award shall become vested as to one-third of the total number of SARs subject to the Award on each of the first, second and third anniversaries of the Award Date.]

The Award is granted under the Lions Gate Entertainment Corp. 2019 Performance Incentive Plan (the “Plan”), and subject to the Terms and Conditions of Share Appreciation Rights (the “Terms”) attached to this Award Agreement (incorporated herein by this reference) and to the Plan.  The Award is in addition to, and not in lieu of, any other form of compensation otherwise payable or to be paid to the Participant.  Capitalized terms are defined in the Plan if not defined herein.  The parties agree to the terms of the Award set forth herein.  The Participant acknowledges receipt of a copy of the Terms, the Plan and the Prospectus for the Plan.

[The Award has been granted to the Participant in complete fulfillment of the Corporation’s obligations to grant time-based share appreciation rights under the provisions of [Section ___] of the Participant’s written employment agreement with the Corporation or one of its Subsidiaries.]

	
				
	“Participant”
	Lions Gate Entertainment Corp.

	 
	 

	Signature:
	_________________________
	By:
	_________________________

	Print Name:
	_________________________
	Name:
	_________________________

	 
	Title:
	_________________________

Consent of Spouse

In consideration of the Corporation’s execution of this Award Agreement, the undersigned spouse of the Participant agrees to be bound by all of the terms and provisions hereof and of the Plan.

	
		
	Signature of Spouse:
	_________________________

	Print Name:
	_________________________

	Date:
	_________________________

1
OMM_US:75867595.2 
 

TERMS AND CONDITIONS OF SHARE APPRECIATION RIGHTS

		
	1.
	Vesting; Limits on Exercise.

The Award shall vest and become exercisable in percentage installments of the aggregate number of SARs subject to the Award as set forth on the cover page of this Award Agreement.  The SARs may be exercised only to the extent the SARs are vested and exercisable.

		
	•
	Cumulative Exercisability.  To the extent that the SARs are vested and exercisable, the Participant has the right to exercise the SARs (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the SARs.

		
	•
	No Fractional SARs.  Fractional SARs shall be disregarded, but may be cumulated.

		
	•
	Minimum Exercise.  No fewer than 100 SARs (subject to adjustment under Section 7.1 of the Plan) may be exercised at any one time, unless the number exercised is the total number at the time exercisable under the Award.

		
	2.
	Continuance of Employment/Service Required; No Employment/Service Commitment.

The vesting schedule applicable to the Award requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Award (with the exception of any acceleration provisions provided for in Participant’s most recently executed employment agreement then in effect, if any and to the extent applicable to the Award) and the rights and benefits under this Award Agreement.  Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services, as provided in Section 4 below or under the Plan.
    
Nothing contained in this Award Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Participant’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Participant any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Participant’s other compensation.  Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his or her consent thereto.

		
	3.
	Exercise and Payment of SARs.

3.1    Method of Exercise.  The SARs shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of a written notice stating the number of SARs to be exercised pursuant to the Award or by the completion of such other administrative exercise procedures as the Administrator may require from time to time.

3.2    Payment of SARs.

1

 

(A)    Amount.  Upon the exercise of the SARs and the attendant surrender of an exercisable portion of the Award, the Participant will be entitled to receive payment of an amount for each SAR being exercised (subject to the tax withholding provisions of Section 3.3) equal to the difference (but not less than zero) obtained by subtracting the Base Price per SAR from the fair market value (determined in accordance with the applicable provisions of the Plan) of a Class B Common Share of the Corporation as of the date of exercise (the “Exercise Date”).

(B)    Form of Payment.  The aggregate amount payable pursuant to Section 3.2(A) with respect to a particular Exercise Date will be paid to the Participant on or as soon as administratively practicable after that Exercise Date (and in all events no later than thirty (30) days after the Exercise Date) by delivery to the Participant of a number of Class B Common Shares (either by delivering one or more certificates for such shares or by entering such shares in book entry form, as determined by the Corporation in its discretion) having an aggregate fair market value (as determined in accordance with the applicable provisions of the Plan) as of the Exercise Date equal to the amount of such payment; provided, however, that the Administrator may provide in its discretion for such payment to be made in any combination of Class B Common Shares, the Corporation’s Class A voting common shares, or cash with an aggregate fair market value (as determined in accordance with the applicable provisions of the Plan) as of the Exercise Date equal to the amount of such payment.  The Corporation’s obligation to make any payment with respect to the SARs is subject to the condition precedent that the Participant or other person entitled under the Plan to receive such payment with respect to the SARs deliver to the Corporation any representations or other documents or assurances required pursuant to Section 8.1 of the Plan.  In each case, the payment is subject to the tax withholding provisions of Section 3.3.  The Participant shall have no further rights with respect to any SARs that are paid or that terminate pursuant to Section 4.

3.3    Tax Withholding.  In the event of a distribution of Common Shares in respect of the SARs, the Corporation shall, subject to Section 8.1 of the Plan, automatically reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate number of whole shares, valued at their then fair market value (with the “fair market value” of such shares determined in accordance with the applicable provisions of the Plan), to satisfy any withholding obligations of the Corporation or its Subsidiaries with respect to such distribution of shares at the minimum applicable withholding rates, provided that if the Corporation cannot legally satisfy such withholding obligations by such reduction of shares, or in the event of a cash payment or any other withholding event in respect of the SARs, the Corporation (or a Subsidiary) shall be entitled to require a cash payment by or on behalf of the Participant and/or to deduct from the amount of such payment or any other compensation payable to the Participant any sums required by federal, state or local tax law to be withheld with respect to such distribution or payment.

4.    Early Termination of Award.

4.1    Possible Termination of Award upon Certain Corporate Events.  The Award is subject to termination in connection with certain corporate events as provided in Section 7.2 of the Plan.

4.2    Termination of Award upon a Termination of Participant’s Employment or Services.  Subject to earlier termination on the Expiration Date of the Award or pursuant to Section 4.1 above, if the Participant ceases to be employed by or ceases to provide services to the Corporation or a Subsidiary, the following rules shall apply (the last day that the Participant is employed by or provides services to the Corporation or a Subsidiary is referred to as the Participant’s “Severance Date”):

2

 

		
	(i)
	other than as expressly provided below in this Section 4.2, (a) the Participant (or the Participant’s beneficiary or personal representative in the event of the Participant’s death) will have until the date that is six (6) months after his or her Severance Date to exercise the Award (or portion thereof) to the extent that it was vested on the Severance Date, (b) the Award, to the extent not vested on the Severance Date, shall terminate on the Severance Date, and (c) the Award, to the extent exercisable for the 6-month period following the Severance Date and not exercised during such period, shall terminate at the close of business on the last day of the 6-month period;

		
	(ii)
	subject to Section 4.2(iii) below, if (x) as of the Participant’s Severance Date, the Participant has been employed by or provided services to the Corporation or a Subsidiary for at least ten (10) years and has attained at least age fifty-five (55), and (y) the Participant’s Severance Date is a result of a termination of the Participant’s employment or services either (I) by the Corporation or a Subsidiary other than for Cause, (II) due to the Participant’s death or Total Disability, or (III) at any time on or after March 23, 2020, due to a voluntary resignation by the Participant (and provided that the Participant has provided at least four (4) months advance written notice to the Corporation or a Subsidiary of such resignation), then (a) the Participant (or the Participant’s beneficiary in the event of the Participant’s death) shall have until the date that is three (3) years after his or her Severance Date to exercise the Award (or portion thereof) to the extent that it was vested on the Severance Date, (b) the Award, to the extent not vested on the Severance Date, shall terminate on the Severance Date, and (c) the Award, to the extent exercisable for the 3-year period following the Severance Date and not exercised during such period, shall terminate at the close of business on the last day of the 3-year period;

		
	(iii)
	if (x) as of the Participant’s Severance Date, the Participant has been employed by or provided services to the Corporation or a Subsidiary for at least five (5) years, the Participant has attained at least age sixty (60), and the Participant is serving as an Executive Vice President of the Corporation or in a more senior position with the Corporation, and (y) the Participant’s Severance Date is a result of a termination of the Participant’s employment or services either (I) by the Corporation or a Subsidiary other than for Cause, (II) due to the Participant’s death or Total Disability, or (III) at any time on or after March 23, 2020, due to a voluntary resignation by the Participant (and provided that the Participant has provided at least four (4) months advance written notice to the Corporation or a Subsidiary of such resignation), then (a) the Participant (or the Participant’s beneficiary in the event of the Participant’s death) shall have until the date that is five (5) years after his or her Severance Date to exercise the Award (or portion thereof) to the extent that it was vested on the Severance Date, (b) the Award, to the extent not vested on the Severance Date, shall terminate on the Severance Date, and (c) the Award, to the extent exercisable for the 5-year period following the Severance Date and not exercised during such period, shall terminate at the close of business on the last day of the 5-year period; and

		
	(iv)
	if the Participant’s employment or services are terminated by the Corporation or a Subsidiary for Cause (as defined below), the Award (whether vested or not) shall terminate on the Severance Date.

3

 

For purposes of the Award, “Cause” has the meaning given to such term (or similar term) in any employment agreement between the Participant and the Corporation or a Subsidiary then in effect or, if there is no such agreement (or such agreement does not include such a definition), means that the Participant:

		
	(1)
	has been negligent in the discharge of his or her duties to the Corporation or any of its Subsidiaries, has refused to perform stated or assigned duties or is incompetent in or (other than by reason of a disability or analogous condition) incapable of performing those duties;

		
	(2)
	has been dishonest or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized disclosure or use of inside information, customer lists, trade secrets or other confidential information; has breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Corporation, any of its Subsidiaries or any affiliate of the Corporation or any of its Subsidiaries; or has been convicted of a felony or misdemeanor (other than minor traffic violations or similar offenses);

		
	(3)
	has materially breached any of the provisions of any agreement with the Corporation, any of its Subsidiaries or any affiliate of the Corporation or any of its Subsidiaries; or

		
	(4)
	has engaged in unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of, the Corporation, any of its Subsidiaries or any affiliate of the Corporation or any of its Subsidiaries; has improperly induced a vendor or customer to break or terminate any contract with the Corporation, any of its Subsidiaries or any affiliate of the Corporation or any of its Subsidiaries; or has induced a principal for whom the Corporation, any of its Subsidiaries or any affiliate of the Corporation or any of its Subsidiaries acts as agent to terminate such agency relationship.

For purposes of the Award, “Total Disability” means a “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code or as otherwise determined by the Administrator).

In all events the Award is subject to earlier termination on the Expiration Date of the Award or as contemplated by Section 4.1.  The Administrator shall be the sole judge of whether the Participant continues to render employment or services for purposes of this Award Agreement.

		
	5.
	Non-Transferability.

The Award and any other rights of the Participant under this Award Agreement or the Plan are nontransferable and exercisable only by the Participant, except as set forth in Section 5.7 of the Plan.

		
	6.
	Notices.

Any notice to be given under the terms of this Award Agreement shall be deemed to have been well and sufficiently given if mailed by prepaid registered mail, telexed, telecopied, telegraphed, or delivered, if to the Corporation, at its principal office to the attention of the Secretary, and if to the Participant, at the Participant’s last address on the payroll records of the Corporation, or at such other address as each party may from time to time direct in writing.  Any such notice shall be deemed to have 

4

 

been received, if mailed, telexed, telecopied, or telegraphed, forty-eight hours after the time of mailing, telexing, telecopying, or telegraphing, and if delivered, upon delivery.  If normal mail service is interrupted by a labour dispute, slowdown, strike, force majeure, or other cause, a notice sent by mail shall not be deemed to be received until actually received, and the party giving such notice shall use such other services as may be available to ensure prompt delivery or shall deliver such notice.

		
	7.
	Plan.

The Award and all rights of the Participant under this Award Agreement are subject to the terms and conditions of the Plan, incorporated herein by this reference.  The Participant agrees to be bound by the terms of the Plan and this Award Agreement (including these Terms).  The Participant acknowledges having read and understood the Plan, the Prospectus for the Plan, and this Award Agreement.  Unless otherwise expressly provided in other sections of this Award Agreement, provisions of the Plan that confer discretionary authority on the Board or the Administrator do not and shall not be deemed to create any rights in the Participant unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the Administrator so conferred by appropriate action of the Board or the Administrator under the Plan after the date hereof.

		
	8.
	Entire Agreement.

This Award Agreement (including these Terms) and the Plan together constitute the entire agreement and supersede all prior understandings and agreements, written or oral, of the parties hereto with respect to the subject matter hereof.  The Plan and this Award Agreement may be amended pursuant to Section 8.6 of the Plan.  Such amendment must be in writing and signed by the Corporation.  The Corporation may, however, unilaterally waive any provision hereof in writing to the extent such waiver does not adversely affect the interests of the Participant hereunder, but no such waiver shall operate as or be construed to be a subsequent waiver of the same provision or a waiver of any other provision hereof.

		
	9.
	Governing Law.

This Award Agreement shall be governed by and construed and enforced in accordance with the laws of the State of California, except to the extent that the laws of British Columbia are applicable as the jurisdiction of incorporation of the Corporation.

		
	10.
	Effect of this Agreement.

Subject to the Corporation’s right to terminate the Award pursuant to Section 7.2 of the Plan, this Award Agreement shall be assumed by, be binding upon and inure to the benefit of any successor or successors to the Corporation.

		
	11.
	Quebec Participants.

If the Participant is a resident of the Province of Quebec, the Participant acknowledges receipt of an information memorandum in respect of the Plan.

		
	12.
	Language.

5

 

The parties hereto have requested that this Award Agreement and the certificates, documents or notices relating thereto be drafted in the English language.  Les parties a cet accord ont exige que cet accord et tous certificats, documents ou avis y afferent soit redige en langue anglaise.

		
	13.
	Counterparts.

This Award Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  

		
	14.
	Section Headings.

The section headings of this Award Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof.

		
	15.
	Clawback Policy.

The Award is subject to the terms of the Corporation’s recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require forfeiture of the Award and repayment or forfeiture of any shares of Common Stock or other cash or property received with respect to the Award (including, if applicable, any value received from a disposition of any shares acquired upon exercise of the Award).

		
	16.
	No Advice Regarding Grant.  

The Participant is hereby advised to consult with his or her own tax, legal and/or investment advisors with respect to any advice the Participant may determine is needed or appropriate with respect to the Award (including, without limitation, to determine the foreign, state, local, estate and/or gift tax consequences with respect to the Award and any shares that may be acquired upon exercise of the Award).  Neither the Corporation nor any of its officers, directors, affiliates or advisors makes any representation (except for the terms and conditions expressly set forth in this Award Agreement) or recommendation with respect to the Award.  Except for the withholding rights contemplated by Section 3 above and Section 8.5 of the Plan, the Participant is solely responsible for any and all tax liability that may arise with respect to the Award and any shares that may be acquired upon exercise of the Award. 

6EX-10.2

 Exhibit 10.2 

SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 

(Adopted by the Board of Directors on November 6, 2019) 

(Approved by the Stockholders on November 6, 2019) 

(Effective on __________, 2019) 

 TABLE OF CONTENTS 

 

							
	 SECTION 1.      ESTABLISHMENT AND PURPOSE
	  	 	1	 
		
	 SECTION 2.      DEFINITIONS
	  	 	1	 
			
	 (a)
	 	 “Administrator”
	  	 	1	 
			
	 (b)
	 	 “Affiliate”
	  	 	1	 
			
	 (c)
	 	 “Award”
	  	 	1	 
			
	 (d)
	 	 “Award Agreement”
	  	 	1	 
			
	 (e)
	 	 “Board of Directors” or “Board”
	  	 	1	 
			
	 (f)
	 	 “Cash-Based Award”
	  	 	1	 
			
	 (g)
	 	 “Change in Control”
	  	 	2	 
			
	 (h)
	 	 “Code”
	  	 	3	 
			
	 (i)
	 	 “Committee”
	  	 	3	 
			
	 (j)
	 	 “Company”
	  	 	3	 
			
	 (k)
	 	 “Consultant”
	  	 	3	 
			
	 (l)
	 	 “Disability”
	  	 	3	 
			
	 (m)
	 	 “Employee”
	  	 	3	 
			
	 (n)
	 	 “Exchange Act”
	  	 	3	 
			
	 (o)
	 	 “Exercise Price”
	  	 	3	 
			
	 (p)
	 	 “Fair Market Value”
	  	 	4	 
			
	 (q)
	 	 “ISO”
	  	 	4	 
			
	 (r)
	 	 “Nonstatutory Option” or “NSO”
	  	 	4	 
			
	 (s)
	 	 “Offering”
	  	 	4	 
			
	 (t)
	 	 “Option”
	  	 	4	 
			
	 (u)
	 	 “Outside Director”
	  	 	4	 
			
	 (v)
	 	 “Parent”
	  	 	4	 
			
	 (w)
	 	 “Participant”
	  	 	4	 
			
	 (x)
	 	 “Plan”
	  	 	5	 
			
	 (y)
	 	 “Purchase Price”
	  	 	5	 
			
	 (z)
	 	 “Restricted Share”
	  	 	5	 
			
	 (aa)
	 	 “SAR”
	  	 	5	 
			
	 (bb)
	 	 “Section 409A”
	  	 	5	 
			
	 (cc)
	 	 “Securities Act”
	  	 	5	 
			
	 (dd)
	 	 “Service”
	  	 	5	 

  
 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 
  

i 

							
			
	 (ee)
	 	 “Share”
	  	 	5	 
			
	 (ff)
	 	 “Stock”
	  	 	5	 
			
	 (gg)
	 	 “Stock Unit”
	  	 	5	 
			
	 (hh)
	 	 “Subsidiary”
	  	 	5	 
		
	 SECTION 3.     ADMINISTRATION
	  	 	5	 
			
	 (a)
	 	 Committee Composition
	  	 	5	 
			
	 (b)
	 	 Committee Appointment
	  	 	6	 
			
	 (c)
	 	 Committee Procedures
	  	 	6	 
			
	 (d)
	 	 Committee Responsibilities
	  	 	6	 
		
	 SECTION 4.     ELIGIBILITY
	  	 	8	 
			
	 (a)
	 	 General Rule
	  	 	8	 
			
	 (b)
	 	 Ten-Percent Stockholders
	  	 	8	 
			
	 (c)
	 	 Attribution Rules
	  	 	8	 
			
	 (d)
	 	 Outstanding Stock
	  	 	8	 
		
	 SECTION 5.     STOCK SUBJECT TO PLAN
	  	 	8	 
			
	 (a)
	 	 Basic Limitation
	  	 	8	 
			
	 (b)
	 	 Additional Shares
	  	 	8	 
			
	 (c)
	 	 Substitution and Assumption of Awards
	  	 	9	 
		
	 SECTION 6.     RESTRICTED SHARES
	  	 	9	 
			
	 (a)
	 	 Restricted Share Award Agreement
	  	 	9	 
			
	 (b)
	 	 Payment for Awards
	  	 	9	 
			
	 (c)
	 	 Vesting
	  	 	9	 
			
	 (d)
	 	 Voting and Dividend Rights
	  	 	9	 
			
	 (e)
	 	 Restrictions on Transfer of Shares
	  	 	10	 
		
	 SECTION 7.     TERMS AND CONDITIONS OF
OPTIONS
	  	 	10	 
			
	 (a)
	 	 Stock Option Award Agreement
	  	 	10	 
			
	 (b)
	 	 Number of Shares
	  	 	10	 
			
	 (c)
	 	 Exercise Price
	  	 	10	 
			
	 (d)
	 	 Withholding Taxes
	  	 	10	 
			
	 (e)
	 	 Exercisability and Term
	  	 	10	 

  
 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 
  

ii 

							
			
	 (f)
	 	 Exercise of Options
	  	 	11	 
			
	 (g)
	 	 Effect of Change in Control
	  	 	11	 
			
	 (h)
	 	 No Rights as a Stockholder
	  	 	11	 
			
	 (i)
	 	 Modification, Extension and Renewal of Options
	  	 	11	 
			
	 (j)
	 	 Restrictions on Transfer of Shares
	  	 	11	 
			
	 (k)
	 	 Buyout Provisions
	  	 	11	 
		
	 SECTION 8.     PAYMENT FOR SHARES
	  	 	12	 
			
	 (a)
	 	 General Rule
	  	 	12	 
			
	 (b)
	 	 Surrender of Stock
	  	 	12	 
			
	 (c)
	 	 Services Rendered
	  	 	12	 
			
	 (d)
	 	 Cashless Exercise
	  	 	12	 
			
	 (e)
	 	 Exercise/Pledge
	  	 	12	 
			
	 (f)
	 	 Net Exercise
	  	 	12	 
			
	 (g)
	 	 Promissory Note
	  	 	12	 
			
	 (h)
	 	 Other Forms of Payment
	  	 	12	 
			
	 (i)
	 	 Limitations under Applicable Law
	  	 	13	 
		
	 SECTION 9.     STOCK APPRECIATION RIGHTS
	  	 	13	 
			
	 (a)
	 	 SAR Award Agreement
	  	 	13	 
			
	 (b)
	 	 Number of Shares
	  	 	13	 
			
	 (c)
	 	 Exercise Price
	  	 	13	 
			
	 (d)
	 	 Exercisability and Term
	  	 	13	 
			
	 (e)
	 	 Effect of Change in Control
	  	 	13	 
			
	 (f)
	 	 Exercise of SARs
	  	 	13	 
			
	 (g)
	 	 Modification, Extension or Assumption of SARs
	  	 	14	 
			
	 (h)
	 	 Buyout Provisions
	  	 	14	 
		
	 SECTION 10.     STOCK UNITS
	  	 	14	 
			
	 (a)
	 	 Stock Unit Award Agreement
	  	 	14	 
			
	 (b)
	 	 Payment for Awards
	  	 	14	 
			
	 (c)
	 	 Vesting Conditions
	  	 	14	 
			
	 (d)
	 	 Voting and Dividend Rights
	  	 	14	 
			
	 (e)
	 	 Form and Time of Settlement of Stock Units
	  	 	15	 

  
 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 
  

iii 

							
			
	 (f)
	 	 Death of Participant
	  	 	15	 
			
	 (g)
	 	 Creditors’ Rights
	  	 	15	 
		
	 SECTION 11.     CASH-BASED AWARDS
	  	 	15	 
		
	 SECTION 12.     ADJUSTMENT OF SHARES
	  	 	15	 
			
	 (a)
	 	 Adjustments
	  	 	15	 
			
	 (b)
	 	 Dissolution or Liquidation
	  	 	16	 
			
	 (c)
	 	 Reorganizations
	  	 	16	 
			
	 (d)
	 	 Reservation of Rights
	  	 	17	 
		
	 SECTION 13.     DEFERRAL OF AWARDS
	  	 	17	 
			
	 (a)
	 	 Committee Powers
	  	 	17	 
			
	 (b)
	 	 General Rules
	  	 	17	 
		
	 SECTION 14.     AWARDS UNDER OTHER PLANS
	  	 	18	 
		
	 SECTION 15.     PAYMENT OF DIRECTOR’S FEES IN
SECURITIES
	  	 	18	 
			
	 (a)
	 	 Effective Date
	  	 	18	 
			
	 (b)
	 	 Elections to Receive NSOs, SARs, Restricted Shares or Stock Units
	  	 	18	 
			
	 (c)
	 	 Number and Terms of NSOs, SARs, Restricted Shares or Stock Units
	  	 	18	 
		
	 SECTION 16.     LEGAL AND REGULATORY
REQUIREMENTS
	  	 	18	 
		
	 SECTION 17.     TAXES
	  	 	18	 
			
	 (a)
	 	 Withholding Taxes
	  	 	18	 
			
	 (b)
	 	 Share Withholding
	  	 	19	 
			
	 (c)
	 	 Section 409A
	  	 	19	 
		
	 SECTION 18.     TRANSFERABILITY
	  	 	19	 
		
	 SECTION 19.     PERFORMANCE BASED AWARDS
	  	 	19	 
		
	 SECTION 20.     NO EMPLOYMENT RIGHTS
	  	 	19	 
		
	 SECTION 21.     DURATION AND AMENDMENTS
	  	 	20	 
			
	 (a)
	 	 Term of the Plan
	  	 	20	 
			
	 (b)
	 	 Right to Amend the Plan
	  	 	20	 
			
	 (c)
	 	 Effect of Termination
	  	 	20	 

  
 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 
  

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	 SECTION 22.     AWARDS TO
NON-U.S. PARTICIPANTS
	  	 	20	 
		
	 SECTION 23.     GOVERNING LAW
	  	 	20	 
		
	 SECTION 24.     SUCCESSORS AND ASSIGNS
	  	 	20	 
		
	 SECTION 25.     EXECUTION
	  	 	20	 

  
 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 
  

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 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 

SECTION 1. ESTABLISHMENT AND PURPOSE. 

The Plan was adopted by the Board of Directors on November 6, 2019 and is effective on _________, 2019 (the “Effective Date”). The
Plan’s purpose is to enhance the Company’s ability to attract, retain and motivate persons who make (or are expected to make) important contributions to the Company by providing these individuals with equity ownership and other incentive
opportunities. 
 Until the closing of an Offering, the Awards under the Plan are intended to be exempt from the securities qualification requirements of
the California Corporations Code by satisfying the exemption under Section 25102(o) of the California Corporations Code. However, Awards may be made in reliance upon other state securities law exemptions. To the extent that other state
exemptions are relied upon, the terms of this Plan which are included only to comply with Section 25102(o) shall be disregarded to the extent provided in the applicable Award Agreement. In addition, to the extent that Section 25102(o) or
the regulations promulgated thereunder are amended to delete any requirements set forth in such law or regulations, the terms of this Plan which are included only to comply with Section 25102(o) or the regulations promulgated thereunder as in
effect prior to any such amendment shall be disregarded to the extent permitted by applicable law. 
 SECTION 2. DEFINITIONS. 

(a) “Administrator” means committee appointed pursuant to Section 3(b), with such powers as are granted or limited therein. 

(b) “Affiliate” means any entity other than a Subsidiary, if the Company and/or one or more Subsidiaries own not less than
50% of such entity. 
 (c) “Award” means any award of an Option, a SAR, a Restricted Share, a Stock Unit or a Cash-Based
Award under the Plan. 
 (d) “Award Agreement” means the agreement between the Company and the recipient of an Award which
contains the terms, conditions and restrictions pertaining to such Award. 
 (e) “Board of Directors” or “Board”
means the Board of Directors of the Company, as constituted from time to time. 
 (f) “Cash-Based Award” means an Award
that entitles the Participant to receive a cash-denominated payment. 

  
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 (g) “Change in Control” means the occurrence of any of the following
events: 
  

	 	(i)	 A change in the composition of the Board of Directors occurs, as a result of which fewer than one-half of the incumbent directors are directors who either: 

  

	 	(A)	 Had been directors of the Company on the “look-back date” (as defined below) (the “original
directors”); or 

  

	 	(B)	 Were elected, or nominated for election, to the Board of Directors with the affirmative votes of at least a
majority of the aggregate of the original directors who were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved (the “continuing directors”);

 provided, however, that for this purpose, the “original directors” and “continuing directors” shall
not include any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by
or on behalf of a person other than the Board; 
  

	 	(ii)	 Any “person” (as defined below) who by the acquisition or aggregation of securities, is or becomes
the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the
Company’s then outstanding securities ordinarily (and apart from rights accruing under special circumstances) having the right to vote at elections of directors (the “Base Capital Stock”); except that any change in the relative
beneficial ownership of the Company’s securities by any person resulting solely from a reduction in the aggregate number of outstanding shares of Base Capital Stock, and any decrease thereafter in such person’s ownership of securities,
shall be disregarded until such person increases in any manner, directly or indirectly, such person’s beneficial ownership of any securities of the Company; 

 

	 	(iii)	 The consummation of a merger or consolidation of the Company or a Subsidiary of the Company with or into
another entity or any other corporate reorganization, if persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other
reorganization 50% or more of the voting power of the outstanding securities of each of (A) the Company (or its successor) and (B) any direct or indirect parent corporation of the Company (or its successor); or 

 

	 	(iv)	 The sale, transfer or other disposition of all or substantially all of the Company’s assets.

  
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 For purposes of subsection (f)(i) above, the term “look-back” date means the later
of (1) the Effective Date and (2) the date that is 24 months prior to the date of the event that may constitute a Change in Control. 

For purposes of subsection (f)(ii) above, the term “person” shall have the same meaning as when used in Sections 13(d) and 14(d) of
the Exchange Act, but shall exclude (1) a trustee or other fiduciary holding securities under an employee benefit plan maintained by the Company or a Parent or Subsidiary and (2) a corporation owned directly or indirectly by the
stockholders of the Company in substantially the same proportions as their ownership of the Stock. 
 Any other provision of this
Section 2(f) notwithstanding, a transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same
proportions by the persons who held the Company’s securities immediately before such transaction, and a Change in Control shall not be deemed to occur if the Company files a registration statement with the United States Securities and Exchange
Commission in connection with an initial or secondary public offering of securities or debt of the Company to the public. 
 (h)
“Code” means the United States Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder. 

(i) “Committee” means the Compensation Committee as designated by the Board of Directors, which is authorized to administer the
Plan, as described in Section 3 hereof. 
 (j) “Company” means SiTime Corporation, a Delaware corporation. 

(k) “Consultant” means an individual who is a consultant or advisor and who provides bona fide services to the Company, a Parent, a
Subsidiary or an Affiliate as an independent contractor (not including service as a member of the Board of Directors) or a member of the board of directors of a Parent or a Subsidiary, in each case who is not an Employee. 

(l) “Disability” means any permanent and total disability as defined by Section 22(e)(3) of the Code. 

(m) “Employee” means any individual who is a common-law employee of the Company, a
Parent, a Subsidiary or an Affiliate. 
 (n) “Exchange Act” means the United States Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder. 
 (o) “Exercise Price” means, in the case of an Option, the
amount for which one Share may be purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price” means, in the case of a SAR, an amount, as specified in the applicable SAR Award Agreement,
which is subtracted from the Fair Market Value of one Share in determining the amount payable upon exercise of such SAR. 

  
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 (p) “Fair Market Value” with respect to a Share, means the market price of
one Share, determined by the Committee as follows: 
  

	 	(i)	 If the Stock was traded
over-the-counter on the date in question, then the Fair Market Value shall be equal to the last transaction price quoted for such date by the OTC Bulletin Board or, if
not so quoted, shall be equal to the mean between the last reported representative bid and asked prices quoted for such date by the principal automated inter-dealer quotation system on which the Stock is quoted or, if the Stock is not quoted on any
such system, by the Pink Quote system; 

  

	 	(ii)	 If the Stock was traded on any established stock exchange (such as the New York Stock Exchange, The Nasdaq
Global Market or The Nasdaq Global Select Market) or national market system on the date in question, then the Fair Market Value shall be equal to the closing price reported for such date by the applicable exchange or system; or

  

	 	(iii)	 If none of the foregoing provisions is applicable, then the Fair Market Value shall be determined by the
Committee in good faith on such basis as it deems appropriate. 

 In all cases, the determination of Fair Market Value by the Committee
shall be conclusive and binding on all persons. 
 (q) “ISO” means an employee incentive stock option described in
Section 422 of the Code. 
 (r) “Nonstatutory Option” or “NSO” means an employee stock option that is not an
ISO. 
 (s) “Offering” means the closing of a firm commitment underwritten public offering of the Company’s Stock
pursuant to a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act. 

(t) “Option” means an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares. 

(u) “Outside Director” means a member of the Board of Directors who is not a
common-law employee of, or paid consultant to, the Company, a Parent or a Subsidiary. 
 (v)
“Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting
power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be a Parent commencing as of such date. 

(w) “Participant” means a person who holds an Award. 

  
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 (x) “Plan” means this 2019 Stock Incentive Plan of SiTime Corporation, as
amended from time to time. 
 (y) “Purchase Price” means the consideration for which one Share may be acquired under the
Plan (other than upon exercise of an Option), as specified by the Committee. 
 (z) “Restricted Share” means a Share
awarded under the Plan. 
 (aa) “SAR” means a stock appreciation right granted under the Plan. 

(bb) “Section 409A” means Section 409A of the Code. 

(cc) “Securities Act” means the United States Securities Act of 1933, as amended, the rules and regulations promulgated thereunder,

 (dd) “Service” means service as an Employee, Consultant or Outside Director, subject to such further limitations as may
be set forth in the Plan or the applicable Award Agreement. Service does not terminate when an Employee goes on a bona fide leave of absence, that was approved by the Company in writing, if the terms of the leave provide for continued Service
crediting, or when continued Service crediting is required by applicable law. However, for purposes of determining whether an Option is entitled to ISO status, an Employee’s employment will be treated as terminating three months after such
Employee went on leave, unless such Employee’s right to return to active work is guaranteed by law or by a contract. Service terminates in any event when the approved leave ends, unless such Employee immediately returns to active work. The
Company determines which leaves of absence count toward Service, and when Service terminates for all purposes under the Plan. 
 (ee)
“Share” means one share of Stock, as adjusted in accordance with Section 12 (if applicable). 
 (ff)
“Stock” means the Common Stock, par value $0.0001 per share, of the Company. 
 (gg) “Stock Unit” means a
bookkeeping entry representing the Company’s obligation to deliver one Share (or distribute cash) on a future date in accordance with the provisions of a Stock Unit Award Agreement. 

(hh) “Subsidiary” means any corporation, if the Company and/or one or more other Subsidiaries own not less than 50% of the
total combined voting power of all classes of outstanding stock of such corporation. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 

SECTION 3. ADMINISTRATION. 
 (a)
Committee Composition. The Plan shall be administered by a Committee appointed by the Board, or by the Board acting as the Committee. The Committee shall consist of two or more directors of the Company. In addition, to the extent required by
the Board, the composition of the Committee shall satisfy such requirements as the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule
16b-3 (or its successor) under the Exchange Act. 

  
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 (b) Committee Appointment. The Board may also appoint one or more separate committees
of the Board (each an “Administrator”), each composed of one or more directors of the Company who need not satisfy the requirements of Section 3(a), who may administer the Plan, may grant Awards under the Plan and may determine all
terms of such grants, in each case with respect to all Employees, Consultants and Outside Directors (except such as may be on such committee), provided that following an Offering, such committee or committees may perform these functions only with
respect to Employees who are not considered officers or directors of the Company under Section 16 of the Exchange Act. Within the limitations of the preceding sentence, any reference in the Plan to the Committee shall include such committee or
committees appointed pursuant to the preceding sentence. To the extent permitted by applicable laws, the Board of Directors may also authorize one or more officers of the Company to designate Employees, other than officers under Section 16 of
the Exchange Act, to receive Awards and/or to determine the number of such Awards to be received by such persons; provided, however, that the Board of Directors shall specify the total number of Awards that such officers may so award.
Notwithstanding the foregoing, beginning after an Offering, the Board shall constitute the Administrator and shall grant Awards under the Plan to Outside Director and shall determine all the terms of such Awards. 

(c) Committee Procedures. The Board of Directors shall designate one of the members of the Committee as chairman. The Committee may
hold meetings at such times and places as it shall determine. The acts of a majority of the Committee members present at meetings at which a quorum exists, or acts reduced to or approved in writing (including via email) by all Committee members,
shall be valid acts of the Committee. 
 (d) Committee Responsibilities. Subject to the provisions of the Plan, the Committee shall
have full authority and discretion to take the following actions: 
  

	 	(i)	 To interpret the Plan and to apply its provisions; 

 

	 	(ii)	 To adopt, amend or rescind rules, procedures and forms relating to the Plan; 

 

	 	(iii)	 To adopt, amend or terminate sub-plans established for the purpose of
satisfying applicable foreign laws including qualifying for preferred tax treatment under applicable foreign tax laws; 

  

	 	(iv)	 To authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes
of the Plan; 

  

	 	(v)	 To determine when Awards are to be granted under the Plan; 

 

	 	(vi)	 To select the Participants to whom Awards are to be granted; 

  
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	 	(vii)	 To determine the type of Award and number of Shares or amount of cash to be made subject to each Award;

  

	 	(viii)	 To prescribe the terms and conditions of each Award, including (without limitation) the Exercise Price and
Purchase Price, and the vesting or duration of the Award (including accelerating the vesting of Awards, either at the time of the Award or thereafter, without the consent of the Participant), to determine whether an Option is to be classified as an
ISO or as a Nonstatutory Option, and to specify the provisions of the agreement relating to such Award; 

  

	 	(ix)	 To amend any outstanding Award Agreement, subject to applicable legal restrictions and to the consent of the
Participant if the Participant’s rights or obligations would be materially impaired; 

  

	 	(x)	 To prescribe the consideration for the grant of each Award or other right under the Plan and to determine the
sufficiency of such consideration; 

  

	 	(xi)	 To determine the disposition of each Award or other right under the Plan in the event of a Participant’s
divorce or dissolution of marriage; 

  

	 	(xii)	 To determine whether Awards under the Plan will be granted in replacement of other grants under an incentive or
other compensation plan of an acquired business; 

  

	 	(xiii)	 To correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award Agreement;

  

	 	(xiv)	 To establish or verify the extent of satisfaction of any performance goals or other conditions applicable to
the grant, issuance, exercisability, vesting and/or ability to retain any Award; and 

  

	 	(xv)	 To take any other actions deemed necessary or advisable for the administration of the Plan.

 Subject to the requirements of applicable law, the Committee may designate persons other than members of the Committee to carry out its
responsibilities and may prescribe such conditions and limitations as it may deem appropriate, except that the Committee may not delegate its authority with regard to the selection for participation of or the granting of Awards under the Plan to
persons subject to Section 16 of the Exchange Act. All decisions, interpretations and other actions of the Committee shall be final and binding on all Participants and all persons deriving their rights from a Participant. No member of the
Committee shall be liable for any action that he has taken or has failed to take in good faith with respect to the Plan or any Award under the Plan. 

  
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 SECTION 4. ELIGIBILITY. 

(a) General Rule. Only Employees, Consultants and Outside Directors shall be eligible for the grant of Awards. Only common-law employees of the Company, a Parent or a Subsidiary shall be eligible for the grant of ISOs. 

(b) Ten-Percent Stockholders. An Employee who owns more than 10% of the total combined voting
power of all classes of outstanding stock of the Company, a Parent or Subsidiary shall not be eligible for the grant of an ISO unless such grant satisfies the requirements of Section 422(c)(5) of the Code. 

(c) Attribution Rules. For purposes of Section 4(b) above, in determining stock ownership, an Employee shall be deemed to own the
stock owned, directly or indirectly, by or for such Employee’s brothers, sisters, spouse, ancestors and lineal descendants. Stock owned, directly or indirectly, by or for a corporation, partnership, estate or trust shall be deemed to be owned
proportionately by or for its stockholders, partners or beneficiaries. 
 (d) Outstanding Stock. For purposes of Section 4(b)
above, “outstanding stock” shall include all stock actually issued and outstanding immediately after the grant. “Outstanding stock” shall not include shares authorized for issuance under outstanding options held by the Employee
or by any other person. 
 SECTION 5. STOCK SUBJECT TO PLAN. 

(a) Basic Limitation. Shares offered under the Plan shall be authorized but unissued Shares or treasury Shares. The aggregate number of
Shares authorized for issuance as Awards under the Plan shall not exceed the sum of (x) three million three hundred fifty thousand (3,350,000) Shares, plus (y) an annual increase on the first day of each fiscal year, for a period of
not more than 10 years, beginning on January 1, 2020, and ending on (and including) January 1, 2029, in an amount equal to the lesser of (i) three (3%) of the outstanding Shares on the last day of the immediately preceding fiscal year
or (ii) such lesser amount (including zero) that the applicable Administrator determines for purposes of the annual increase for that fiscal year. Notwithstanding the foregoing, the number of Shares that may be delivered in the aggregate
pursuant to the exercise of ISOs granted under the Plan shall not exceed three million three hundred fifty thousand (3,350,000) Shares plus, to the extent allowable under Section 422 of the Code, any Shares that become available for
issuance under the Plan pursuant to Section 5(c). The limitations of this Section 5(a) shall be subject to adjustment pursuant to Section 12. The number of Shares that are subject to Awards outstanding at any time under the Plan shall
not exceed the number of Shares which then remain available for issuance under the Plan. The Company shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. 

(b) Additional Shares. If Restricted Shares or Shares issued upon the exercise of Options are forfeited, then such Shares shall again
become available for Awards under the Plan. If Stock Units, Options or SARs are forfeited or terminate for any reason before being exercised or settled, or an Award is settled in cash without the delivery of Shares to the holder, then any Shares
subject to the Award shall again become available for Awards under the Plan. Only the 

  
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number of Shares (if any) actually issued in settlement of Awards (and not forfeited) shall reduce the number available in Section 5(a) and the balance shall again become available for
Awards under the Plan. Any Shares withheld to satisfy the grant price or Exercise Price or tax withholding obligation pursuant to any Award shall again become available for Awards under the Plan. Notwithstanding the foregoing provisions of this
Section 5(b), Shares that have actually been issued shall not again become available for Awards under the Plan, except for Shares that are forfeited and do not become vested. 

(c) Substitution and Assumption of Awards. The Committee may make Awards under the Plan by assumption, substitution or replacement of
stock options, stock appreciation rights, stock units or similar awards granted by another entity (including a Parent or Subsidiary), if such assumption, substitution or replacement is in connection with an asset acquisition, stock acquisition,
merger, consolidation or similar transaction involving the Company (and/or its Parent or Subsidiary) and such other entity (and/or its affiliate). The terms of such assumed, substituted or replaced Awards shall be as the Committee, in its
discretion, determines is appropriate, notwithstanding limitations on Awards in the Plan. Any such substitute or assumed Awards shall not count against the Share limitation set forth in Section 5(a) (nor shall Shares subject to such Awards be
added to the Shares available for Awards under the Plan as provided in Section 5(b) above), except that Shares acquired by exercise of substitute ISOs will count against the maximum number of Shares that may be issued pursuant to the exercise
of ISOs under the Plan. 
 SECTION 6. RESTRICTED SHARES. 

(a) Restricted Share Award Agreement. Each grant of Restricted Shares under the Plan shall be evidenced by a Restricted Share Award
Agreement between the Participant and the Company. Such Restricted Shares shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Restricted
Share Award Agreements entered into under the Plan need not be identical. 
 (b) Payment for Awards. Restricted Shares may be sold or
awarded under the Plan for such consideration as the Committee may determine, including (without limitation) cash, cash equivalents, full-recourse promissory notes, past services and future services. 

(c) Vesting. Each Award of Restricted Shares may or may not be subject to vesting. Vesting shall occur, in full or in installments,
upon satisfaction of the conditions specified in the Restricted Share Award Agreement. A Restricted Share Award Agreement may provide for accelerated vesting in the event of the Participant’s death, Disability or retirement or other events. The
Committee may determine, at the time of granting Restricted Shares or thereafter, that all or part of such Restricted Shares shall become vested in the event that a Change in Control occurs with respect to the Company. 

(d) Voting and Dividend Rights. The holders of Restricted Shares awarded under the Plan shall have the same voting, dividend and other
rights as the Company’s other stockholders. A Restricted Share Award Agreement, however, may require that the holders of Restricted Shares invest any cash dividends received in additional Restricted Shares. Such additional Restricted Shares
shall be subject to the same conditions and restrictions as the Award with respect to which the dividends were paid. 

  
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 (e) Restrictions on Transfer of Shares. Restricted Shares shall be subject to such
rights of repurchase, rights of first refusal or other restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Restricted Share Award Agreement and shall apply in addition to any general restrictions that
may apply to all holders of Shares. 
 SECTION 7. TERMS AND CONDITIONS OF OPTIONS. 

(a) Stock Option Award Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Award Agreement between
the Participant and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Committee deems appropriate
for inclusion in a Stock Option Award Agreement. The Stock Option Award Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Award Agreements entered into under the Plan need not be identical.

 (b) Number of Shares. Each Stock Option Award Agreement shall specify the number of Shares that are subject to the Option and
shall provide for the adjustment of such number in accordance with Section 12. 
 (c) Exercise Price. Each Stock Option Award
Agreement shall specify the Exercise Price. The Exercise Price of an ISO shall not be less than 100% of the Fair Market Value of a Share on the date of grant, except as otherwise provided in 4(b), and the Exercise Price of an NSO shall not be less
than 100% of the Fair Market Value of a Share on the date of grant. Notwithstanding the foregoing, Options may be granted with an Exercise Price of less than 100% of the Fair Market Value per Share on the date of grant pursuant to a transaction
described in, and in a manner consistent with, Section 424(a) of the Code. Subject to the foregoing in this Section 7(c), the Exercise Price under any Option shall be determined by the Committee in its sole discretion. The Exercise Price
shall be payable in one of the forms described in Section 8. 
 (d) Withholding Taxes. As a condition to the exercise of an
Option, the Participant shall make such arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Participant shall also
make such arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. 

(e) Exercisability and Term. Each Stock Option Award Agreement shall specify the date when all or any installment of the Option is to
become exercisable. The Stock Option Award Agreement shall also specify the term of the Option; provided that the term of an ISO shall in no event exceed 10 years from the date of grant (five years for ISOs granted to Employees described in
Section 4(b)). A Stock Option Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, Disability, or retirement or other events and may provide for expiration prior to the end of its term in the
event of the termination 

  
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of the Participant’s Service. Options may be awarded in combination with SARs, and such an Award may provide that the Options will not be exercisable unless the related SARs are forfeited.
Subject to the foregoing in this Section 7(e), the Committee in its sole discretion shall determine when all or any installment of an Option is to become exercisable and when an Option is to expire. 

(f) Exercise of Options. Each Stock Option Award Agreement shall set forth the extent to which the Participant shall have the right to
exercise the Option following termination of the Participant’s Service with the Company and its Subsidiaries, and the right to exercise the Option of any executors or administrators of the Participant’s estate or any person who has
acquired such Option(s) directly from the Participant by bequest or inheritance. Such provisions shall be determined in the sole discretion of the Committee, need not be uniform among all Options issued pursuant to the Plan, and may reflect
distinctions based on the reasons for termination of Service. 
 (g) Effect of Change in Control. The Committee may determine, at the
time of granting an Option or thereafter, that such Option shall become exercisable as to all or part of the Shares subject to such Option in the event that a Change in Control occurs with respect to the Company. 

(h) No Rights as a Stockholder. A Participant shall have no rights as a stockholder with respect to any Shares covered by his Option
until the date of the issuance of a stock certificate for such Shares. No adjustments shall be made, except as provided in Section 12. 

(i) Modification, Extension and Renewal of Options. Within the limitations of the Plan, the Committee may modify, extend or renew
outstanding options or may accept the cancellation of outstanding options (to the extent not previously exercised), whether or not granted hereunder, in return for the grant of new Options for the same or a different number of Shares and at the same
or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares, without stockholder approval. The foregoing notwithstanding, no modification of an Option shall, without the consent of the
Participant, materially impair his or her rights or obligations under such Option. 
 (j) Restrictions on Transfer of Shares. Any
Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in
the applicable Stock Option Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares. 

(k) Buyout Provisions. The Committee may at any time (i) offer to buy out for a payment in cash or cash equivalents an Option
previously granted or (ii) authorize a Participant to elect to cash out an Option previously granted, in either case at such time and based upon such terms and conditions as the Committee shall establish. 

  
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 SECTION 8. PAYMENT FOR SHARES. 

(a) General Rule. The entire Exercise Price or Purchase Price of Shares issued under the Plan shall be payable in lawful money of the
United States of America at the time when such Shares are purchased, except as provided in Section 8(b) through Section 8(h) below. 

(b) Surrender of Stock. To the extent that a Stock Option Award Agreement so provides, payment may be made all or in part by
surrendering, or attesting to the ownership of, Shares which have already been owned by the Participant or his or her representative. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased under the
Plan. The Participant shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to the
Option for financial reporting purposes. 
 (c) Services Rendered. At the discretion of the Committee, Shares may be awarded under
the Plan in consideration of services rendered to the Company or a Subsidiary. If Shares are awarded without the payment of a Purchase Price in cash, the Committee shall make a determination (at the time of the Award) of the value of the services
rendered by the Participant and the sufficiency of the consideration to meet the requirements of Section 6(b). 
 (d) Cashless
Exercise. To the extent that a Stock Option Award Agreement so provides, payment may be made all or in part by delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker to sell Shares and to deliver all
or part of the sale proceeds to the Company in payment of the aggregate Exercise Price. 
 (e) Exercise/Pledge. To the extent that a
Stock Option Award Agreement so provides, payment may be made all or in part by delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker or lender to pledge Shares, as security for a loan, and to deliver
all or part of the loan proceeds to the Company in payment of the aggregate Exercise Price. 
 (f) Net Exercise. To the extent that a
Stock Option Award Agreement so provides, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market
Value that does not exceed the aggregate Exercise Price (plus tax withholdings, if applicable) and any remaining balance of the aggregate Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole
Shares to be issued shall be paid by the Participant in cash or any other form of payment permitted under the Stock Option Agreement. 
 (g)
Promissory Note. To the extent that a Stock Option Award Agreement or Restricted Share Award Agreement so provides, payment may be made all or in part by delivering (on a form prescribed by the Company) a full-recourse promissory note. 

(h) Other Forms of Payment. To the extent that a Stock Option Award Agreement or Restricted Share Award Agreement so provides, payment
may be made in any other form that is consistent with applicable laws, regulations and rules. 

  
 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 
 12 

 (i) Limitations under Applicable Law. Notwithstanding anything herein or in a Stock
Option Award Agreement or Restricted Share Award Agreement to the contrary, payment may not be made in any form that is unlawful, as determined by the Committee in its sole discretion. 

SECTION 9. STOCK APPRECIATION RIGHTS. 

(a) SAR Award Agreement. Each grant of a SAR under the Plan shall be evidenced by a SAR Award Agreement between the Participant and the
Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various SAR Award Agreements entered into under the Plan need not be
identical. 
 (b) Number of Shares. Each SAR Award Agreement shall specify the number of Shares to which the SAR pertains and shall
provide for the adjustment of such number in accordance with Section 12. 
 (c) Exercise Price. Each SAR Award Agreement shall
specify the Exercise Price. The Exercise Price of a SAR shall not be less than 100% of the Fair Market Value of a Share on the date of grant. Notwithstanding the foregoing, SARs may be granted with an Exercise Price of less than 100% of the Fair
Market Value per Share on the date of grant pursuant to a transaction described in, and in a manner consistent with, Section 424(a) of the Code. Subject to the foregoing in this Section 9(c), the Exercise Price under any SAR shall be
determined by the Committee in its sole discretion. 
 (d) Exercisability and Term. Each SAR Award Agreement shall specify the date
when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death,
Disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s Service. SARs may be awarded in combination with Options, and such an Award may provide
that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that
it will be exercisable only in the event of a Change in Control. 
 (e) Effect of Change in Control. The Committee may determine, at
the time of granting a SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company. 

(f) Exercise of SARs. Upon exercise of a SAR, the Participant (or any person having the right to exercise the SAR after his or her
death) shall receive from the Company (i) Shares, (ii) cash or (iii) a combination of Shares and cash, as the Committee shall determine. The amount of cash and/or the Fair Market Value of Shares received upon exercise of SARs shall, in the
aggregate, be equal to the amount by which the Fair Market Value (on the date of surrender) of the Shares subject to the SARs exceeds the Exercise Price. 

  
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2019 STOCK INCENTIVE PLAN 
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 (g) Modification, Extension or Assumption of SARs. Within the limitations of the
Plan, the Committee may modify, extend or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of
Shares and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares, without stockholder approval. The foregoing notwithstanding, no modification of a SAR shall, without
the consent of the holder, materially impair his or her rights or obligations under such SAR. 
 (h) Buyout Provisions. The Committee
may at any time (i) offer to buy out for a payment in cash or cash equivalents a SAR previously granted, or (ii) authorize a Participant to elect to cash out a SAR previously granted, in either case at such time and based upon such terms
and conditions as the Committee shall establish. 
 SECTION 10. STOCK UNITS. 

(a) Stock Unit Award Agreement. Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Award Agreement between the
Participant and the Company. Such Stock Units shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Stock Unit Award Agreements entered into
under the Plan need not be identical. 
 (b) Payment for Awards. To the extent that an Award is granted in the form of Stock Units,
no cash consideration shall be required of the Award recipients. 
 (c) Vesting Conditions. Each Award of Stock Units may or may not
be subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Award Agreement. A Stock Unit Award Agreement may provide for accelerated vesting in the event of the
Participant’s death, Disability or retirement or other events. The Committee may determine, at the time of granting Stock Units or thereafter, that all or part of such Stock Units shall become vested in the event that a Change in Control occurs
with respect to the Company. 
 (d) Voting and Dividend Rights. The holders of Stock Units shall have no voting rights. Prior to
settlement or forfeiture, any Stock Unit awarded under the Plan may, at the Committee’s discretion, carry with it a right to dividend equivalents. Such right entitles the holder to be credited with an amount equal to all cash dividends paid on
one Share while the Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash, in the form of Shares, or in a combination of both. Prior to
distribution, any dividend equivalents which are not paid shall be subject to the same conditions and restrictions (including without limitation, any forfeiture conditions) as the Stock Units to which they attach. 

  
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2019 STOCK INCENTIVE PLAN 
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 (e) Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may
be made in the form of (i) cash, (ii) Shares or (iii) any combination of both, as determined by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original
Award, based on predetermined performance factors. Methods of converting Stock Units into cash may include (without limitation) a method based on the average Fair Market Value of Shares over a series of trading days. A Stock Unit Award Agreement may
provide that vested Stock Units may be settled in a lump sum or in installments. A Stock Unit Award Agreement may provide that the distribution may occur or commence when all vesting conditions applicable to the Stock Units have been satisfied or
have lapsed, or it may be deferred to any later date, subject to compliance with Section 409A. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until an Award of Stock Units is settled,
the number of such Stock Units shall be subject to adjustment pursuant to Section 12. 
 (f) Death of Participant. Any Stock
Unit Award that becomes payable after the Participant’s death shall be distributed to the Participant’s beneficiary or beneficiaries. Each recipient of a Stock Unit Award under the Plan shall designate one or more beneficiaries for this
purpose by filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Participant’s death. If no beneficiary was designated or if no designated
beneficiary survives the Participant, then any Stock Units Award that becomes payable after the Participant’s death shall be distributed to the Participant’s estate. 

(g) Creditors’ Rights. A holder of Stock Units shall have no rights other than those of a general creditor of the
Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Award Agreement. 

SECTION 11. CASH-BASED AWARDS 
 The
Committee may, in its sole discretion, grant Cash-Based Awards to any Participant in such number or amount and upon such terms, and subject to such conditions, as the Committee shall determine at the time of grant and specify in an applicable Award
Agreement. The Committee shall determine the maximum duration of the Cash-Based Award, the amount of cash which may be payable pursuant to the Cash-Based Award, the conditions upon which the Cash-Based Award shall become vested or payable, and such
other provisions as the Committee shall determine. Each Cash-Based Award shall specify a cash-denominated payment amount, formula or payment ranges as determined by the Committee. Payment, if any, with respect to a Cash-Based Award shall be made in
accordance with the terms of the Award and may be made in cash or in Shares, as the Committee determines. 
 SECTION 12. ADJUSTMENT OF SHARES.

 (a) Adjustments. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a
declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of Shares, a combination or consolidation of the outstanding Stock (by reclassification or otherwise) into a lesser number of Shares,
a recapitalization, a spin-off or a similar occurrence, the Committee shall make appropriate and equitable adjustments in: 
  

	 	(i)	 The number of Shares available for future Awards and the limitations set forth under Section 5;

  
 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 
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	 	(ii)	 The number of Shares subject to formula grants set forth in Section 4(e); 

 

	 	(iii)	 The number of Shares covered by each outstanding Award; and 

 

	 	(iv)	 The Exercise Price under each outstanding Option and SAR. 

(b) Dissolution or Liquidation. To the extent not previously exercised or settled, Options, SARs and Stock Units shall terminate
immediately prior to the dissolution or liquidation of the Company. 
 (c) Reorganizations. In the event that the Company is a party
to a merger or other reorganization, outstanding Awards shall be subject to the agreement of merger or reorganization. Subject to compliance with Section 409A, such agreement shall provide for: 

 

	 	(i)	 The continuation of the outstanding Awards by the Company, if the Company is a surviving corporation;

  

	 	(ii)	 The assumption of the outstanding Awards by the surviving corporation or its parent or subsidiary;

  

	 	(iii)	 The substitution by the surviving corporation or its parent or subsidiary of its own awards for the outstanding
Awards; 

  

	 	(iv)	 Immediate vesting, exercisability or settlement of outstanding Awards followed by the cancellation of such
Awards upon or immediately prior to the effectiveness of such transaction; or 

  

	 	(v)	 Settlement of the intrinsic value of the outstanding Awards (whether or not then vested or exercisable) in cash
or cash equivalents or equity (including cash or equity subject to deferred vesting and delivery consistent with the vesting restrictions applicable to such Awards or the underlying Shares) followed by the cancellation of such Awards (and, for the
avoidance of doubt, if as of the date of the occurrence of the transaction the Committee determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such
Award may be terminated by the Company without payment); in each case without the Participant’s consent. Any acceleration of payment of an amount that is subject to Section 409A will be delayed, if necessary, until the earliest time that
such payment would be permissible under Section 409A without triggering any additional taxes applicable under Section 409A. 

The Company will have no obligation to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly. 

  
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2019 STOCK INCENTIVE PLAN 
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 (d) Reservation of Rights. Except as provided in this Section 12, a Participant
shall have no rights by reason of any subdivision or consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock of any class. Any issue by the Company of shares of
stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Award. The grant of an Award
pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or
transfer all or any part of its business or assets. In the event of any change affecting the Shares or the Exercise Price of Shares subject to an Award, including a merger or other reorganization, for reasons of administrative convenience, the
Company in its sole discretion may refuse to permit the exercise of any Award during a period of up to 30 days prior to the occurrence of such event. 

SECTION 13. DEFERRAL OF AWARDS. 
 (a)
Committee Powers. Subject to compliance with Section 409A, the Committee (in its sole discretion) may permit or require a Participant to: 
  

	 	(i)	 Have cash that otherwise would be paid to such Participant as a result of the exercise of a SAR or the
settlement of Stock Units credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company’s books; 

 

	 	(ii)	 Have Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or
SAR converted into an equal number of Stock Units; or 

  

	 	(iii)	 Have Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or
SAR or the settlement of Stock Units converted into amounts credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company’s books. Such amounts shall be determined by reference to the
Fair Market Value of such Shares as of the date when they otherwise would have been delivered to such Participant. 

 (b)
General Rules. A deferred compensation account established under this Section 13 may be credited with interest or other forms of investment return, as determined by the Committee. A Participant for whom such an account is
established shall have no rights other than those of a general creditor of the Company. Such an account shall represent an unfunded and unsecured obligation of the Company and shall be subject to the terms and conditions of the applicable agreement
between such Participant and the Company. If the deferral or conversion of Awards is permitted or required, the Committee (in its sole discretion) may establish rules, procedures and forms pertaining to such Awards, including (without limitation)
the settlement of deferred compensation accounts established under this Section 13. 

  
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2019 STOCK INCENTIVE PLAN 
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 SECTION 14. AWARDS UNDER OTHER PLANS. 

The Company may grant awards under other plans or programs. Such awards may be settled in the form of Shares issued under the Plan. Such Shares
shall be treated for all purposes under the Plan like Shares issued in settlement of Stock Units and shall, when issued, reduce the number of Shares available under Section 5. 

SECTION 15. PAYMENT OF DIRECTOR’S FEES IN SECURITIES. 

(a) Effective Date. No provision of this Section 15 shall be effective unless and until the Board has determined to implement such
provision. 
 (b) Elections to Receive NSOs, SARs, Restricted Shares or Stock Units. An Outside Director may elect to receive his or
her annual retainer payments and/or meeting fees from the Company in the form of cash, NSOs, SARs, Restricted Shares or Stock Units, or a combination thereof, as determined by the Board. Alternatively, the Board may mandate payment in any of such
alternative forms. Such NSOs, SARs, Restricted Shares and Stock Units shall be issued under the Plan. An election under this Section 15 shall be filed with the Company on the prescribed form. 

(c) Number and Terms of NSOs, SARs, Restricted Shares or Stock Units. The number of NSOs, SARs, Restricted Shares or Stock Units to be
granted to Outside Directors in lieu of annual retainers and meeting fees that would otherwise be paid in cash shall be calculated in a manner determined by the Board. The terms of such NSOs, SARs, Restricted Shares or Stock Units shall also be
determined by the Board. 
 SECTION 16. LEGAL AND REGULATORY REQUIREMENTS. 

Shares shall not be issued under the Plan unless the issuance and delivery of such Shares complies with (or is exempt from) all applicable
requirements of law, including (without limitation) the United States Securities Act, state securities laws and regulations and the regulations of any stock exchange on which the Company’s securities may then be listed, and the Company has
obtained the approval or favorable ruling from any governmental agency which the Company determines is necessary or advisable. The Company shall not be liable to a Participant or other persons as to: (a) the
non-issuance or sale of Shares as to which the Company has not obtained from any regulatory body having jurisdiction the authority deemed by the Company’s counsel to be necessary to the lawful issuance
and sale of any Shares under the Plan; and (b) any tax consequences expected, but not realized, by any Participant or other person due to the receipt, exercise or settlement of any Award granted under the Plan. 

SECTION 17. TAXES. 
 (a)
Withholding Taxes. To the extent required by applicable federal, state, local or foreign law, a Participant or his or her successor shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations
that arise in connection with the Plan. The Company shall not be required to issue any Shares or make any cash payment under the Plan until such obligations are satisfied. 

  
 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 
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 (b) Share Withholding. The Committee may permit a Participant to satisfy all or part
of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such
Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to
satisfy the maximum legally required tax withholding. 
 (c) Section 409A. Each Award that provides for “nonqualified deferred
compensation” within the meaning of Section 409A shall be subject to such additional rules and requirements as specified by the Committee from time to time in order to comply with Section 409A. If any amount under such an Award is
payable upon a “separation from service” (within the meaning of Section 409A) to a Participant who is then considered a “specified employee” (within the meaning of Section 409A), then no such payment shall be made prior
to the date that is the earlier of (i) six months and one day after the Participant’s separation from service, or (ii) the Participant’s death, but only to the extent such delay is necessary to prevent such payment from being
subject to interest, penalties and/or additional tax imposed pursuant to Section 409A. In addition, the settlement of any such Award may not be accelerated except to the extent permitted by Section 409A. 

SECTION 18. TRANSFERABILITY. 
 Unless
the agreement evidencing an Award (or an amendment thereto authorized by the Committee) expressly provides otherwise, no Award granted under the Plan, nor any interest in such Award, may be sold, assigned, conveyed, gifted, pledged, hypothecated or
otherwise transferred in any manner (prior to the vesting and lapse of any and all restrictions applicable to Shares issued under such Award), other than by will or the laws of descent and distribution; provided, however, that an ISO may be
transferred or assigned only to the extent consistent with Section 422 of the Code. Any purported assignment, transfer or encumbrance in violation of this Section 18 shall be void and unenforceable against the Company. 

SECTION 19. PERFORMANCE BASED AWARDS. 

The number of Shares or other benefits granted, issued, retainable and/or vested under an Award may be made subject to the attainment of
performance goals. The Committee may utilize any performance criteria selected by it in its sole discretion to establish performance goals. 

SECTION 20. NO EMPLOYMENT RIGHTS. 

No provision of the Plan, nor any Award granted under the Plan, shall be construed to give any person any right to become, to be treated as, or
to remain an Employee or Consultant. The Company and its Subsidiaries reserve the right to terminate any person’s Service at any time and for any reason, with or without notice. 

  
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2019 STOCK INCENTIVE PLAN 
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 SECTION 21. DURATION AND AMENDMENTS. 

(a) Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors;
provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the
Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders of the Company. 
 (b) Right to
Amend the Plan. The Board of Directors may amend the Plan at any time and from time to time. Rights and obligations under any Award granted before amendment of the Plan shall not be materially impaired by such amendment, except with consent of
the Participant. An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to the extent required by applicable laws, regulations or rules. 

(c) Effect of Termination. No Awards shall be granted under the Plan after the termination thereof. The termination of the Plan shall
not affect Awards previously granted under the Plan. 
 SECTION 22. AWARDS TO NON-U.S. PARTICIPANTS.

 Awards may be granted to Participants who are non-United States nationals or employed or
providing services outside the United States, or both, on such terms and conditions different from those applicable to Awards to Participants who are employed or providing services in the United States as may, in the judgment of the Committee, be
necessary or desirable to recognize differences in local law, tax policy or custom. The Committee also may impose conditions on the exercise, vesting or settlement of Awards in order to minimize the Company’s obligation with respect to tax
equalization for Participants on assignments outside their home country. 
 SECTION 23. GOVERNING LAW. 

The Plan and each Award Agreement shall be governed by the laws of the State of Delaware, without application of the conflicts of law
principles thereof. 
 SECTION 24. SUCCESSORS AND ASSIGNS. 

The terms of the Plan shall be binding upon and inure to the benefit of the Company and any successor entity, including any successor entity
contemplated by Section 12(c). 
 SECTION 25. EXECUTION. 

To record the adoption of the Plan by the Board of Directors, the Company has caused its authorized officer to execute the same. 

 

			
	SITIME CORPORATION

 
			
		
	By: 	 	 

 
			
	Name:	 	
	Title:	 	

  
 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 
 20 

 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 

NOTICE OF STOCK OPTION GRANT 

You have been granted the following Option (this “Option” or this “Award”) to purchase shares of Common
Stock (“Stock”) of SiTime Corporation (the “Company”) under the SiTime Corporation 2019 Stock Incentive Plan (as may be amended from time to time, the “Plan”): 

 

			
	Name of Optionee:	  	[Name of Optionee]
		
	Grant Date:	  	[Date of Grant]
		
	Total Number of Shares Subject to Option:	  	[Total Shares]
		
	Type of Option:	  	 ☐ Incentive Stock Option
  

☐ Nonstatutory Stock Option

		
	Exercise Price Per Share:	  	$[Exercise Price]
		
	Vesting Commencement Date:	  	[Vesting Commencement Date]
		
	Vesting Schedule:	  	[This Option becomes exercisable when you complete [●] months of continuous Service as an Employee or a Consultant from the Vesting Commencement Date. Actual vesting schedule to be inserted.]
		
	Expiration Date:	  	[Expiration Date] This Option expires earlier if your Service terminates earlier, as described in the Stock Option Agreement.

 By your written signature below (or your electronic acceptance) and the signature of the Company’s
representative below, you and the Company agree that this Option is granted under and governed by the term and conditions of the Plan and the Stock Option Agreement (this “Agreement”), both of which are attached to and
made a part of this document. 
 By your written signature below (or your electronic acceptance), you further agree that the Company
may deliver by e-mail all documents relating to the Plan or this Award (including without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Company
is required to deliver to its security holders (including without limitation, annual reports and proxy statements). You also agree that the Company may deliver these documents by posting them on a website maintained by the Company or by a third
party under contract with the Company. If the Company posts these documents on a website, it will notify you by e-mail. Should you electronically accept this Agreement, you agree to the following: “This
electronic contract contains my electronic signature, which I have executed with the intent to sign this Agreement.” 

  
 1 

							
	OPTIONEE	  	    	  	SITIME CORPORATION

							
				
	  
	  		  	By:	  	  

	Optionee’s Signature	  		  	Name:	  	  

	  
	  		  	Title:	  	  

	Optionee’s Printed Name	  		  		  	

  
 2 

 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 

STOCK OPTION AGREEMENT 
  

			
	The Plan and Other Agreements	  	 The Option that you are receiving is granted pursuant and subject in all respects to the applicable provisions of the Plan, which is
incorporated herein by reference. Capitalized terms not defined in this Agreement will have the meanings ascribed to them in the Plan.
  

The attached Notice, this Agreement and the Plan constitute the entire understanding between you and the Company regarding this Award. Any prior agreements,
commitments or negotiations concerning this Option are superseded. This Agreement may be amended by the Committee without your consent; however, if any such amendment would materially impair your rights or obligations under this Agreement, this
Agreement may be amended only by another written agreement, signed by you and the Company.

		
	Tax Treatment	  	This Option is intended to be an incentive stock option under Section 422 of the Code or a nonstatutory option, as provided in the Notice of Stock Option Grant. Even if this Option is designated as an incentive stock option, it
will be deemed to be a nonstatutory option to the extent required by the $100,000 annual limitation under Section 422(d) of the Code.
		
	Vesting	  	This Option becomes exercisable in installments, as shown in the Notice of Stock Option Grant. This Option will in no event become exercisable for additional Shares after your Service as an Employee or a Consultant has terminated
for any reason.
		
	Term	  	This Option expires in any event at the close of business at Company headquarters on the day before the tenth (10th) anniversary of the Grant Date, as shown on the Notice of Stock Option Grant (fifth (5th) anniversary for a more
than ten percent (10%) shareholder as provided under the Plan if this is an incentive stock option). This Option may expire earlier if your Service terminates, as described below.
		
	Regular Termination	  	If your Service terminates for any reason except due to your death or Disability, then this Option will expire at the close of business at Company headquarters on the date three (3) months after the date your Service terminates
(or, if earlier, the Expiration Date). The Company determines when your Service terminates for this purpose and all purposes under the Plan and its determinations are conclusive and binding on all
persons.

  
 3 

			
	Death	  	If your Service terminates because of your death, then this Option will expire at the close of business at Company headquarters on the date twelve (12) months after the date your Service terminates (or, if earlier, the
Expiration Date). During that period of up to twelve (12) months, your estate or heirs may exercise this Option.
		
	Disability	  	If your Service terminates because of your Disability, then this Option will expire at the close of business at Company headquarters on the date twelve (12) months after the date your Service terminates (or, if earlier, the
Expiration Date).
		
	Leaves of Absence	  	 For purposes of this Option, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave
of absence, if the leave of absence was approved by the Company in writing and if continued crediting of Service is required by the terms of the leave or by applicable law. But your Service terminates when the approved leave ends, unless you
immediately return to active work.
  
 If you go on a leave of absence, then the vesting
schedule specified in the Notice of Stock Option Grant may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave. If you commence working on a part-time basis, then the vesting schedule specified in the
Notice of Stock Option Grant may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time schedule.

		
	Restrictions on Exercise	  	The Company will not permit you to exercise this Option if the issuance of Shares at that time would violate any law or regulation. The inability of the Company to obtain approval from any regulatory body having authority deemed by
the Company to be necessary to the lawful issuance and sale of the Stock pursuant to this Option will relieve the Company of any liability with respect to the non-issuance or sale of the Stock as to which such
approval will not have been obtained.
		
	Notice of Exercise	  	When you wish to exercise this Option you must provide a written or electronic notice of exercise form (substantially in the form attached to this Agreement as Exhibit A) in accordance with such procedures as are established
by the Company and communicated to you from time to time. Any notice of exercise must specify how many Shares you wish to purchase and how your Shares should be registered. The notice of exercise will be effective when it is received by the Company.
If someone else wants to exercise this Option after your death, that person must prove to the Company’s satisfaction that he or she is entitled to do so.

  
 4 

			
	Form of Payment	  	 When you submit your notice of exercise, you must include payment of the Option exercise price for the Shares you are purchasing. Payment may
be made in the following form(s):
  

•  Your personal check, a cashier’s check, a money order or a wire transfer.

 
 •  Certificates for Shares that
you own, along with any forms needed to effect a transfer of those Shares to the Company. The value of the Shares, determined as of the effective date of the Option exercise, will be applied to the Option exercise price. Instead of surrendering
Shares, you may attest to the ownership of those Shares on a form provided by the Company and have the same number of Shares subtracted from the Shares issued to you upon exercise of this Option. However, you may not surrender or attest to the
ownership of Shares in payment of the exercise price if your action would cause the Company to recognize a compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes.

 
 •  By delivery on a form
approved by the Company of an irrevocable direction to a securities broker approved by the Company to sell all or part of the Shares that are issued to you when you exercise this Option and to deliver to the Company from the sale proceeds an amount
sufficient to pay the Option exercise price and any withholding taxes. The balance of the sale proceeds, if any, will be delivered to you. The directions must be given by providing a notice of exercise form approved by the Company.

 
 •  By delivery on a form
approved by the Company of an irrevocable direction to a securities broker or lender approved by the Company to pledge Shares that are issued to you when you exercise this Option as security for a loan and to deliver to the Company from the loan
proceeds an amount sufficient to pay the Option exercise price and any withholding taxes. The directions must be given by providing a notice of exercise form approved by the Company.

 
 •  If permitted by the
Committee, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option will be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed
the aggregate exercise price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued will be
paid by you in cash other form of payment permitted under this Option. The directions must be given by providing a notice of exercise form approved by the Company.

  
 5 

			
		  	 •  Any other form permitted by the Committee in its sole discretion.

 
 Notwithstanding the foregoing, payment may not be made in any form that is unlawful, as
determined by the Committee in its sole discretion.

		
	Withholding Taxes and Stock Withholding	  	 Regardless of any action the Company and/or the Subsidiary or Affiliate employing you (“Employer”) takes with respect to any
or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), you acknowledge that the
ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility and that the Company and/or your Employer (1) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of this Option grant, including the grant, vesting or exercise of this Option, the subsequent sale of Shares acquired pursuant to such exercise
and the receipt of any dividends; and (2) do not commit to structure the terms of the grant or any aspect of this Option to reduce or eliminate your liability for Tax-Related Items.

 
 Prior to exercise of this Option, you will pay or make adequate arrangements
satisfactory to the Company and/or your Employer to satisfy all withholding and payment on account obligations of the Company and/or your Employer. In this regard, you authorize the Company and/or your Employer to withhold all applicable Tax-Related Items legally payable by you from your wages or other cash compensation paid to you by the Company and/or your Employer. With the Company’s consent, these arrangements may also include, if
permissible under local law, (a) withholding Shares that otherwise would be issued to you when you exercise this Option, provided that the Company only withholds the amount of Shares necessary to satisfy the maximum legally required tax
withholding, (b) having the Company withhold taxes from the proceeds of the sale of the Shares, either through a voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization), or (c) any
other arrangement approved by the Company. The Fair Market Value of the Shares, determined as of the effective date of the Option exercise, will be applied as a credit against the withholding taxes. Finally, you will pay to the Company or your
Employer any amount of Tax-Related Items that the Company or your Employer may be required to withhold as a result of your participation in the Plan or your purchase of Shares that cannot be satisfied by the
means previously described. The Company may refuse to honor the exercise and refuse to deliver the Shares if you fail to comply with your obligations in connection with the Tax-Related Items as described in
this section.

  
 6 

			
		
	Restrictions on Resale	  	You agree not to sell any Shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such
period of time after the termination of your Service as the Company may specify.
		
	Transfer of Option	  	 In general, only you can exercise this Option prior to your death. You may not sell, transfer, assign, pledge or otherwise dispose of this
Option, other than as designated by you by will or by the laws of descent and distribution, except as provided below. For instance, you may not use this Option as security for a loan. If you attempt to do any of these things, this Option will
immediately become invalid. You may in any event dispose of this Option in your will. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company
obligated to recognize your former spouse’s interest in this Option in any other way.
  

However, if this Option is designated as a nonstatutory stock option in the Notice of Stock Option Grant, then the Committee may, in its sole discretion, allow
you to transfer this Option as a gift to one or more family members. For purposes of this Agreement, “family member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece,
nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships), any individual sharing your household (other than a tenant or employee), a trust in which one or more of these individuals
have more than fifty percent (50%) of the beneficial interest, a foundation in which you or one or more of these persons control the management of assets, and any entity in which you or one or more of these persons own more than fifty percent (50%)
of the voting interest.
  
 In addition, if this Option is designated as a nonstatutory
stock option in the Notice of Stock Option Grant, then the Committee may, in its sole discretion, allow you to transfer this Option to your spouse or former spouse pursuant to a domestic relations order in settlement of marital property rights.

 
 The Committee will allow you to transfer this Option only if both you and the
transferee(s) execute the forms prescribed by the Committee, which include the consent of the transferee(s) to be bound by this Agreement.

  
 7 

			
		
	Retention Rights	  	Neither this Option nor this Agreement gives you the right to be employed or retained by the Company or any Subsidiary or Affiliate of the Company in any capacity. The Company and its Subsidiaries and Affiliates reserve the right to
terminate your Service at any time, with or without cause.
		
	Shareholder Rights	  	This Option carries neither voting rights nor rights to dividends. You, or your estate or heirs, have no rights as a shareholder of the Company unless and until you have exercised this Option by giving the required notice to the
Company and paying the exercise price. No adjustments will be made for dividends or other rights if the applicable record date occurs before you exercise this Option, except as described in the Plan.
		
	Adjustments	  	The number of Shares covered by this Option and the exercise price per Share will be subject to adjustment in the event of a stock split, a stock dividend or a similar change in Company Shares, and in other circumstances, as set
forth in the Plan. The forfeiture provisions and restrictions described above will apply to all new, substitute or additional stock options or securities to which you are entitled by reason of this Award.
		
	Successors and Assigns	  	Except as otherwise provided in the Plan or this Agreement, every term of this Agreement will be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors,
transferees and assigns.
		
	Notice	  	Any notice required or permitted under this Agreement will be given in writing and will be deemed effectively given upon the earliest of personal delivery, receipt or the third (3rd) full day following mailing with postage and fees
prepaid, addressed to the other party hereto at the address last known in the Company’s records or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto.
		
	Section 409A of the Code	  	To the extent this Agreement is subject to, and not exempt from, Section 409A of the Code, this Agreement is intended to comply with Section 409A, and its provisions will be interpreted in a manner consistent with such
intent. You acknowledge and agree that changes may be made to this Agreement to avoid adverse tax consequences to you under Section 409A.

  
 8 

			
		
	Applicable Law and Choice of Venue	  	 This Agreement will be interpreted and enforced under the laws of the State of Delaware as to matters within the scope thereof, and as to all
other matters, the internal laws of the State of California, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of any state.

 
 For purposes of litigating any dispute that arises directly or indirectly from the
relationship of the parties evidenced by this Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such litigation will be conducted only in the courts of Santa
Clara County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this grant is made and/or to be performed.

		
	Miscellaneous	  	 You understand and acknowledge that (1) the Plan is entirely discretionary, (2) the Company and your Employer have reserved the
right to amend, suspend or terminate the Plan at any time, (3) the grant of this Option does not in any way create any contractual or other right to receive additional grants of options (or benefits in lieu of options) at any time or in any
amount and (4) all determinations with respect to any additional grants, including (without limitation) the times when options will be granted, the number of Shares subject to awards, the exercise price and the vesting schedule, will be at the
sole discretion of the Company.
  
 The value of this Option will be an extraordinary
item of compensation outside the scope of your employment contract, if any, and will not be considered a part of your normal or expected compensation for purposes of calculating severance, resignation, redundancy or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.
  

You understand and acknowledge that participation in the Plan ceases upon termination of your Service for any reason, except as may explicitly be provided
otherwise in the Plan or this Agreement.
  
 You hereby authorize and direct your
Employer to disclose to the Company or any Subsidiary or Affiliate any information regarding your employment, the nature and amount of your compensation and the fact and conditions of your participation in the Plan, as your Employer deems necessary
or appropriate to facilitate the administration of the Plan.

  
 9 

			
		  	You consent to the collection, use and transfer of personal data as described in this subsection. You understand and acknowledge that the Company, your Employer and the Company’s other Subsidiaries and Affiliates hold certain
personal information regarding you for the purpose of managing and administering the Plan, including (without limitation) your name, home address, telephone number, date of birth, social insurance or other government identification number, salary,
nationality, job title, any Shares or directorships held in the Company and details of all options or any other entitlements to Shares awarded, canceled, exercised, vested, unvested or outstanding in your favor (the “Data”). You
further understand and acknowledge that the Company, its Subsidiaries and/or its Affiliates will transfer Data among themselves as necessary for the purpose of implementation, administration and management of your participation in the Plan and that
the Company and/or any Subsidiary may each further transfer Data to any third party assisting the Company in the implementation, administration and management of the Plan. You understand and acknowledge that the recipients of Data may be located in
the United States or elsewhere, and that the laws of a recipient’s country of operation (e.g., the United States) may not have equivalent privacy protections as local laws where you reside or work. You authorize such recipients to receive,
possess, use, retain and transfer Data, in electronic or other form, for the purpose of administering your participation in the Plan, including a transfer to any broker or other third party with whom you elect to deposit Shares acquired under the
Plan of such Data as may be required for the administration of the Plan and/or the subsequent holding of Shares on your behalf. You may, at any time, view the Data, require any necessary modifications of Data, make inquiries about the treatment of
Data or withdraw the consents set forth in this subsection by contacting the Human Resources Department of the Company in writing.

 BY SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL 

OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN. 

  
 10 

 EXHIBIT A 

SITIME CORPORATION 
 2019
STOCK INCENTIVE PLAN 
 NOTICE OF EXERCISE OF STOCK OPTION 

 

	
	 OPTIONEE INFORMATION:

  

			
	Name:	 	  

		
	Social Security Number:	 	  

		
	Employee Number:	 	  

		
	Address:	 	  

		
		 	  

  

	
	 OPTION INFORMATION:

  

			
	Grant Date:	  	  

		
	Exercise Price per Share:	  	 $

		
	Total Number of Shares of SiTime Corporation (the “Company”) Covered by Option:	  	  

		
	Type of Stock Option:	  	☐ Nonstatutory (NSO)
		
		  	 ☐ Incentive (ISO)

		
	Number of Shares of the Company for which Option is Being Exercised Now:	  	 (“Purchased Shares”)

		
	Total Exercise Price for the Purchased Shares:	  	 $

		
	Form of Payment:	  	 ☐ Cash or Check for $
payable to “SiTime Corporation”

☐ Cashless exercise

☐ Net exercise

		
	Name(s) in which the Purchased Shares should be Registered:	  	  

		
	The Certificate for the Purchased Shares (if any) should be sent to the Following Address:	  	  

 ACKNOWLEDGMENTS: 
  

	1.	 I understand that all sales of Purchased Shares are subject to compliance with the Company’s policy on
securities trades. 

  
 A-1 

	2.	 I hereby acknowledge that I received and read a copy of the prospectus describing the SiTime Corporation 2019
Stock Incentive Plan and the tax consequences of an exercise. 

  

	3.	 In the case of a nonstatutory option, I understand that I must recognize ordinary income equal to the spread
between the fair market value of the Purchased Shares on the date of exercise and the exercise price. I further understand that I am required to pay withholding taxes at the time of exercising a nonstatutory option. 

 

	4.	 In the case of an incentive stock option, I agree to notify the Company if I dispose of the Purchased Shares
before I have met both of the tax holding periods applicable to incentive stock options (that is, if I dispose of the Purchased Shares prior to the date that is two (2) years after the Grant Date and one (1) year after the date the option
was exercised). 

 SIGNATURE AND DATE: 

                          
                                         
                                 , 20 

  
 A-2 

 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 

NOTICE OF RESTRICTED STOCK UNIT AWARD 

You have been granted the following Restricted Stock Units (the “Restricted Stock Units” or this “Award”)
representing shares of Common Stock of SiTime Corporation (the “Company”) under the SiTime Corporation 2019 Stock Incentive Plan (as may be amended from time to time, the “Plan”): 

 

			
	Name of Recipient:	  	[Name of Recipient]
		
	Grant Date:	  	[Date of Grant]
		
	Total Number of Shares Subject to Restricted Stock Units:	  	[Total Shares]
		
	Vesting Commencement Date:	  	[Vesting Commencement Date]
		
	Vesting Schedule:	  	[The RSUs vest when you complete [●] months of continuous Service as an Employee or a Consultant from the Vesting Commencement Date. Actual vesting schedule to be inserted.]

 By your written signature below (or your electronic acceptance) and the signature of the Company’s
representative below, you and the Company agree that the RSUs are granted under and governed by the term and conditions of the Plan and the Restricted Stock Unit Agreement (this “Agreement”), both of which are attached
to and made a part of this document. 
 By your written signature below (or your electronic acceptance), you further agree that the
Company may deliver by e-mail all documents relating to the Plan or this Award (including without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the
Company is required to deliver to its security holders (including without limitation, annual reports and proxy statements). You also agree that the Company may deliver these documents by posting them on a website maintained by the Company or by a
third party under contract with the Company. If the Company posts these documents on a website, it will notify you by e-mail. Should you electronically accept this Agreement, you agree to the following:
“This electronic contract contains my electronic signature, which I have executed with the intent to sign this Agreement.” 
  

							
	RECIPIENT	  	    	  	SITIME CORPORATION
				
	  
	  		  	By:	 	
                     
   

	Recipient’s Signature	  		  	Name:	 	  

	  
	  		  	Title:	 	  

	Recipient’s Printed Name	  		  		 	

 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 
  

			
	The Plan and Other Agreements	  	 The RSUs that you are receiving are granted pursuant and subject in all respects to the applicable provisions of the Plan, which is
incorporated herein by reference. Capitalized terms not defined in this Agreement will have the meanings ascribed to them in the Plan.
  

The attached Notice, this Agreement and the Plan constitute the entire understanding between you and the Company regarding this Award. Any prior agreements,
commitments or negotiations concerning this Award are superseded. This Agreement may be amended by the Committee without your consent; however, if any such amendment would materially impair your rights or obligations under this Agreement, this
Agreement may be amended only by another written agreement, signed by you and the Company.

		
	Payment for RSUs	  	No cash payment is required for the RSUs you receive. You are receiving the RSUs in consideration for Services rendered by you.
		
	Vesting	  	The RSUs that you are receiving will vest in installments, as shown in the Notice of RSU Award. No additional RSUs vest after your Service as an Employee or a Consultant has terminated for any reason.
		
	Forfeiture	  	If your Service terminates for any reason, then this Award expires immediately as to the number of RSUs that have not vested before the termination date and do not vest as a result of termination. This means that the unvested RSUs
will immediately be cancelled. You receive no payment for RSUs that are forfeited. The Company determines when your Service terminates for this purpose and all purposes under the Plan and its determinations are conclusive and binding on all
persons.
		
	Leaves of Absence	  	For purposes of this Award, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave of absence was approved by the Company in writing and if continued
crediting of Service is required by the terms of the leave or by applicable law. But your Service terminates when the approved leave ends, unless you immediately return to active work.
		
		  	If you go on a leave of absence, then the vesting schedule specified in the Notice of Restricted Stock Unit Award may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave. If you
commence working on a part-time basis, then the vesting schedule specified in the Notice of Restricted Stock Unit Award may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement between you and the
Company pertaining to your part-time schedule.

  
 2 

			
		
	Nature of RSUs	  	Your RSUs are mere bookkeeping entries. They represent only the Company’s unfunded and unsecured promise to issue Shares on a future date. As a holder of RSUs, you have no rights other than the rights of a general creditor of
the Company.
		
	No Voting Rights or Dividends	  	Your RSUs carry neither voting rights nor rights to dividends. You, or your estate or heirs, have no rights as a stockholder of the Company unless and until your RSUs are settled by issuing Shares. No adjustments will be made for
dividends or other rights if the applicable record date occurs before your Shares are issued, except as described in the Plan.
		
	RSUs Nontransferable	  	You may not sell, transfer, assign, pledge or otherwise dispose of any RSUs. For instance, you may not use your RSUs as security for a loan. If you attempt to do any of these things, your RSUs will immediately become
invalid.
		
	Settlement of RSUs	  	 Each of your vested RSUs will be settled when it vests; provided, however, that if the Committee requires you to pay withholding taxes
through a sale of Shares, settlement of each RSU may be deferred to the first permissible trading day for the Shares, if later than the applicable vesting date.
  

Under no circumstances may your RSUs be settled later than two and one-half
(2-1/2) months following the calendar year in which the applicable vesting date occurs.
  

For purposes of this Agreement, “permissible trading day” means a day that satisfies all of the following requirements: (1) the exchange
on which the Shares are traded is open for trading on that day; (2) you are permitted to sell Shares on that day without incurring liability under Section 16(b) of the Exchange Act; (3) either (a) you are not in possession of material
non-public information that would make it illegal for you to sell Shares on that day under Rule 10b-5 under the Exchange Act or (b) Rule 10b5-1 under the Exchange Act would apply to the sale; (4) you are permitted to sell Shares on that day under such written insider trading policy as may have been adopted by the Company; and (5) you are
not prohibited from selling Shares on that day by a written agreement between you and the Company or a third party.
  

At the time of settlement, you will receive one Share for each vested RSU; provided, however, that no fractional Shares will be issued or delivered pursuant to
the Plan or this Agreement, and the Committee will determine whether cash will be paid in lieu of any fractional Share or whether such fractional Share and any rights thereto will be canceled, terminated or otherwise eliminated. In addition, the
Shares are issued to you subject to the condition that the issuance of the Shares not violate any law or regulation.    

  
 3 

			
	Withholding Taxes and Stock Withholding	  	 Regardless of any action the Company and/or the Subsidiary or Affiliate employing you (“Employer”) takes with respect to any
or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), you acknowledge that the
ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility and that the Company and/or your Employer (1) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of this Award, including the award, vesting or settlement of the RSUs, the subsequent sale of Shares acquired pursuant to settlement and the
receipt of any dividends; and (2) do not commit to structure the terms of the award or any aspect of the RSUs to reduce or eliminate your liability for Tax-Related Items.

 
 Prior to the settlement of the RSUs, you shall pay or make adequate arrangements
satisfactory to the Company and/or the Employer to satisfy all withholding and payment on account obligations of the Company and/or your Employer. In this regard, you authorize the Company and/or your Employer to withhold all applicable Tax-Related Items legally payable by you from your wages or other cash compensation paid to you by the Company and/or your Employer.
  

Unless an alternative arrangement satisfactory to the Committee has been provided prior to the vesting date, the default method for paying withholding taxes is
withholding Shares that otherwise would be issued to you when the RSUs are settled, provided that the Company only withholds Shares having a Fair Market Value equal to the amount necessary to satisfy the maximum legally required tax withholding.

 
 The Committee may also require the withholding of taxes from the proceeds of the sale of
the Shares, either through a voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization), or any other arrangement approved by the Committee.

 
 The Fair Market Value of the Shares, determined as of the effective date when taxes
otherwise would have been withheld in cash, will be applied as a credit against the withholding taxes. Finally, you will pay to the Company or your Employer any amount of Tax-Related Items that the Company or
your Employer may be required to withhold as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means previously described. The Company may refuse to deliver the Shares if you fail to comply with
your obligations in connection with the Tax-Related Items as described in this section, and your rights to the Shares will be forfeited if you do not comply with such obligations on or before the date that is
two and one-half (2-1/2) months following the calendar year in which the applicable vesting date for the RSUs
occurs.

  
 4 

			
	Restrictions on Resale	  	You agree not to sell any Shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such
period of time after the termination of your Service as the Company may specify.
		
	No Retention Rights	  	Neither this Award nor this Agreement gives you the right to be employed or retained by the Company or any Subsidiary or Affiliate of the Company in any capacity. The Company and its Subsidiaries and Affiliates reserve the right to
terminate your Service at any time, with or without cause.
		
	Adjustments	  	The number of RSUs covered by this Award will be subject to adjustment in the event of a stock split, a stock dividend or a similar change in Shares, and in other circumstances, as set forth in the Plan. The forfeiture provisions
and restrictions described above will apply to all new, substitute or additional restricted stock units or securities to which you are entitled by reason of this Award.
		
	Successors and Assigns	  	Except as otherwise provided in the Plan or this Agreement, every term of this Agreement will be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors,
transferees and assigns.
		
	Notice	  	Any notice required or permitted under this Agreement will be given in writing and will be deemed effectively given upon the earliest of personal delivery, receipt or the third (3rd) full day following mailing with postage and fees
prepaid, addressed to the other party hereto at the address last known in the Company’s records or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto.
		
	Section 409A of the Code	  	To the extent this Agreement is subject to, and not exempt from, Section 409A of the Code, this Agreement is intended to comply with Section 409A, and its provisions will be interpreted in a manner consistent with such
intent. You acknowledge and agree that changes may be made to this Agreement to avoid adverse tax consequences to you under Section 409A.
		
	Applicable Law and Choice of Venue	  	This Agreement will be interpreted and enforced under the laws of the State of Delaware as to matters within the scope thereof, and as to all other matters, the internal laws of the State of California, without regard to the laws of
any other jurisdiction that might be applied because of the conflicts of laws principles of any state.

  
 5 

			
		  	For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the
State of California and agree that such litigation will be conducted only in the courts of Santa Clara County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this grant is
made and/or to be performed.    
		
	Miscellaneous	  	 You understand and acknowledge that (1) the Plan is entirely discretionary, (2) the Company and your Employer have reserved the
right to amend, suspend or terminate the Plan at any time, (3) the grant of this Award does not in any way create any contractual or other right to receive additional grants of awards (or benefits in lieu of awards) at any time or in any amount
and (4) all determinations with respect to any additional grants, including (without limitation) the times when awards will be granted, the number of Shares subject to awards and the vesting schedule, will be at the sole discretion of the
Company.
  
 The value of this Award will be an extraordinary item of compensation
outside the scope of your employment contract, if any, and will not be considered a part of your normal or expected compensation for purposes of calculating severance, resignation, redundancy or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.
  

You understand and acknowledge that participation in the Plan ceases upon termination of your Service for any reason, except as may explicitly be provided
otherwise in the Plan or this Agreement.
  
 You hereby authorize and direct your
Employer to disclose to the Company or any Subsidiary or Affiliate any information regarding your employment, the nature and amount of your compensation and the fact and conditions of your participation in the Plan, as your Employer deems necessary
or appropriate to facilitate the administration of the Plan.
  
 You consent to the
collection, use and transfer of personal data as described in this subsection. You understand and acknowledge that the Company, your Employer and the Company’s other Subsidiaries and Affiliates hold certain personal information regarding you
for the purpose of managing and administering the Plan, including (without limitation) your name, home address, telephone number, date of birth, social insurance or other government identification number, salary, nationality, job title, any Shares
or directorships held in the Company and details of all awards or any other entitlements to Shares awarded, canceled,

  
 6 

			
		  	exercised, vested, unvested or outstanding in your favor (the “Data”). You further understand and acknowledge that the Company, its Subsidiaries and/or its Affiliates will transfer Data among themselves as necessary
for the purpose of implementation, administration and management of your participation in the Plan and that the Company and/or any Subsidiary may each further transfer Data to any third party assisting the Company in the implementation,
administration and management of the Plan. You understand and acknowledge that the recipients of Data may be located in the United States or elsewhere, , and that the laws of a recipient’s country of operation (e.g., the United States) may not
have equivalent privacy protections as local laws where you reside or work. You authorize such recipients to receive, possess, use, retain and transfer Data, in electronic or other form, for the purpose of administering your participation in the
Plan, including a transfer to any broker or other third party with whom you elect to deposit Shares acquired under the Plan of such Data as may be required for the administration of the Plan and/or the subsequent holding of Shares on your behalf.
You may, at any time, view the Data, require any necessary modifications of Data, make inquiries about the treatment of Data or withdraw the consents set forth in this subsection by contacting the Human Resources Department of the Company in
writing.

 BY SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL 

OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN. 

  
 7 

 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 

NOTICE OF RESTRICTED STOCK AWARD 

You have been granted the following restricted shares of Common Stock (the “Restricted Shares” or this
“Award”) of SiTime Corporation (the “Company”) under the SiTime Corporation 2019 Stock Incentive Plan (as may be amended from time to time, the “Plan”): 

 

			
	Name of Recipient:	  	[Name of Recipient]
		
	Grant Date:	  	[Date of Grant]
		
	Total Number of Shares Granted:	  	[Total Shares]
		
	Vesting Commencement Date:	  	[Vesting Commencement Date]
		
	Vesting Schedule:	  	[The Restricted Shares vest when you complete [●] months of continuous Service as an Employee or a Consultant from the Vesting Commencement Date. Actual vesting schedule to be inserted.]

 By your written signature below (or your electronic acceptance) and the signature of the Company’s
representative below, you and the Company agree that the Restricted Shares are granted under and governed by the term and conditions of the Plan and the Restricted Stock Agreement (this “Agreement”), both of which are
attached to and made a part of this document. 
 By your written signature below (or your electronic acceptance), you further agree
that the Company may deliver by e-mail all documents relating to the Plan or this Award (including without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents
that the Company is required to deliver to its security holders (including without limitation, annual reports and proxy statements). You also agree that the Company may deliver these documents by posting them on a website maintained by the Company
or by a third party under contract with the Company. If the Company posts these documents on a website, it will notify you by e-mail. Should you electronically accept this Agreement, you agree to the
following: “This electronic contract contains my electronic signature, which I have executed with the intent to sign this Agreement.” 
  

							
	RECIPIENT	  	    	  	SITIME CORPORATION
				
	  
	  		  	By:	 	
                     
   

	Recipient’s Signature	  		  	Name:	 	  

	  
	  		  	Title:	 	  

	Recipient’s Printed Name	  		  		 	

 SITIME CORPORATION 

2019 STOCK INCENTIVE PLAN 

RESTRICTED STOCK AGREEMENT 
  

			
	The Plan and Other Agreements	  	The Restricted Shares that you are receiving are granted pursuant and subject in all respects to the applicable provisions of the Plan, which is incorporated herein by reference. Capitalized terms not defined in this Agreement will
have the meanings ascribed to them in the Plan.
		
		  	 The attached Notice, this Agreement and the Plan constitute the entire understanding between you and the Company regarding this Award. Any
prior agreements, commitments or negotiations concerning this Award are superseded. This Agreement may be amended by the Committee without your consent; however, if any such amendment would materially impair your rights or obligations under this
Agreement, this Agreement may be amended only by another written agreement, signed by you and the Company.

		
	Payment For Shares	  	No cash payment is required for the Shares you receive. You are receiving the Shares in consideration for Services rendered by you.
		
	Vesting	  	The Shares that you are receiving will vest in installments, as shown in the Notice of Restricted Stock Award. No additional Shares vest after your Service as an Employee or a Consultant has terminated for any reason.
		
	Shares Restricted	  	Unvested Shares will be considered “Restricted Shares.” Except to the extent permitted by the Committee, you may not sell, transfer, assign, pledge or otherwise dispose of Restricted Shares.
		
	Forfeiture	  	If your Service terminates for any reason, then your Shares will be forfeited to the extent that they have not vested before the termination date and do not vest as a result of termination. This means that the Restricted Shares will
immediately revert to the Company. You receive no payment for Restricted Shares that are forfeited. The Company determines when your Service terminates for this purpose and all purposes under the Plan and its determinations are conclusive and
binding on all persons.
		
	Leaves of Absence	  	For purposes of this Award, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave of absence was approved by the Company in writing and if continued
crediting of Service is required by the terms of the leave or by applicable law. But your Service terminates when the approved leave ends, unless you immediately return to active work.

  
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		  	 If you go on a leave of absence, then the vesting schedule specified in the Notice of Restricted Stock Award may be adjusted in accordance
with the Company’s leave of absence policy or the terms of your leave. If you commence working on a part-time basis, then the vesting schedule specified in the Notice of Restricted Stock Award may be adjusted in accordance with the
Company’s part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time schedule.

		
	Stock Certificates or Book Entry Form	  	The Restricted Shares will be evidenced by either stock certificates or book entries on the Company’s stock transfer records pending expiration of the restrictions thereon. If you are issued certificates for the Restricted
Shares, the certificates will have stamped on them a special legend referring to the forfeiture restrictions. In addition to or in lieu of imposing the legend, the Company may hold the certificates in escrow. As your vested percentage increases, you
may request (at reasonable intervals) that the Company release to you a non-legended certificate for your vested Shares.
		
	Shareholder Rights	  	During the period of time between the Grant Date and the date the Restricted Shares become vested, you will have all the rights of a shareholder with respect to the Restricted Shares except for the right to transfer the Restricted
Shares, as set forth above. Accordingly, you will have the right to vote the Restricted Shares and to receive any cash dividends paid with respect to the Restricted Shares.
		
	Withholding Taxes and Stock Withholding	  	 Regardless of any action the Company and/or the Subsidiary or Affiliate employing you (“Employer”) takes with respect to any
or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), you acknowledge that the
ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility and that the Company and/or your Employer (1) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of the Shares received under this Award, including the award or vesting of such Shares, the subsequent sale of Shares under this Award and the
receipt of any dividends; and (2) do not commit to structure the terms of the award to reduce or eliminate your liability for Tax-Related Items.

 
 No stock certificates will be released to you or no notations on any Restricted Shares
issued in book-entry form will be removed, as applicable, unless you have paid or made adequate arrangements satisfactory to the Company and/or your Employer to satisfy all withholding and payment on account obligations of the Company and/or your
Employer. In this regard, you authorize the Company and/or your Employer to withhold all applicable Tax-Related Items legally payable by you from your wages or other cash
compensation

  
 3 

			
		  	paid to you by the Company and/or your Employer. With the Company’s consent, these arrangements may also include, if permissible under local law, (a) withholding Shares that otherwise would be delivered to you when they
vest having a Fair Market Value equal to the amount necessary to satisfy the maximum legally required tax withholding, (b) having the Company withhold taxes from the proceeds of the sale of the Shares, either through a voluntary sale or through
a mandatory sale arranged by the Company (on your behalf pursuant to this authorization), or (c) any other arrangement approved by the Company. The Fair Market Value of the Shares, determined as of the date when taxes otherwise would have been
withheld in cash, will be applied as a credit against the withholding taxes. Finally, you will pay to the Company or your Employer any amount of Tax-Related Items that the Company or your Employer may be
required to withhold as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means previously described. The Company may refuse to deliver the Shares if you fail to comply with your obligations in
connection with the Tax-Related Items as described in this section.
		
	Restrictions on Resale	  	You agree not to sell any Shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such
period of time after the termination of your Service as the Company may specify.
		
	No Retention Rights	  	Neither this Award nor this Agreement gives you the right to be employed or retained by the Company or any Subsidiary or Affiliate of the Company in any capacity. The Company and its Subsidiaries and Affiliates reserve the right to
terminate your Service at any time, with or without cause.
		
	Adjustments	  	The number of Restricted Shares covered by this Award will be subject to adjustment in the event of a stock split, a stock dividend or a similar change in Shares, and in other circumstances, as set forth in the Plan. The forfeiture
provisions and restrictions described above will apply to all new, substitute or additional restricted shares or securities to which you are entitled by reason of this Award.
		
	Successors and Assigns	  	Except as otherwise provided in the Plan or this Agreement, every term of this Agreement will be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors,
transferees and assigns.
		
	Notice	  	Any notice required or permitted under this Agreement will be given in writing and will be deemed effectively given upon the earliest of personal delivery, receipt or the third (3rd) full day following mailing with postage and fees
prepaid, addressed to the other party hereto at the address last known in the Company’s records or at such other address as such party may designate by ten (10) days’ advance written notice to the other party
hereto.

  
 4 

			
	Applicable Law and Choice of Venue	  	This Agreement will be interpreted and enforced under the State of Delaware as to matters within the scope thereof, and as to all other matters, the internal laws of the State of California, without regard to the laws of any other
jurisdiction that might be applied because of the conflicts of laws principles of any state.
		
		  	For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the
State of California and agree that such litigation will be conducted only in the courts of Santa Clara County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this grant is
made and/or to be performed.
		
	Miscellaneous	  	 You understand and acknowledge that (1) the Plan is entirely discretionary, (2) the Company and your Employer have reserved the
right to amend, suspend or terminate the Plan at any time, (3) the grant of this Award does not in any way create any contractual or other right to receive additional grants of awards (or benefits in lieu of awards) at any time or in any amount
and (4) all determinations with respect to any additional grants, including (without limitation) the times when awards will be granted, the number of Shares subject to awards, the purchase price and the vesting schedule, will be at the sole
discretion of the Company.
  
 The value of this Award will be an extraordinary item of
compensation outside the scope of your employment contract, if any, and will not be considered a part of your normal or expected compensation for purposes of calculating severance, resignation, redundancy or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.
  

You understand and acknowledge that participation in the Plan ceases upon termination of your Service for any reason, except as may explicitly be provided
otherwise in the Plan or this Agreement.
  
 You hereby authorize and direct your
Employer to disclose to the Company or any Subsidiary or Affiliate any information regarding your employment, the nature and amount of your compensation and the fact and conditions of your participation in the Plan, as your Employer deems necessary
or appropriate to facilitate the administration of the Plan.

  
 5 

			
		  	You consent to the collection, use and transfer of personal data as described in this subsection. You understand and acknowledge that the Company, your Employer and the Company’s other Subsidiaries and Affiliates hold certain
personal information regarding you for the purpose of managing and administering the Plan, including (without limitation) your name, home address, telephone number, date of birth, social insurance or other government identification number, salary,
nationality, job title, any Shares or directorships held in the Company and details of all awards or any other entitlements to Shares awarded, canceled, exercised, vested, unvested or outstanding in your favor (the “Data”). You
further understand and acknowledge that the Company, its Subsidiaries and/or its Affiliates will transfer Data among themselves as necessary for the purpose of implementation, administration and management of your participation in the Plan and that
the Company and/or any Subsidiary may each further transfer Data to any third party assisting the Company in the implementation, administration and management of the Plan. You understand and acknowledge that the recipients of Data may be located in
the United States or elsewhere, and that the laws of a recipient’s country of operation (e.g., the United States) may not have equivalent privacy protections as local laws where you reside or work. You authorize such recipients to receive,
possess, use, retain and transfer Data, in electronic or other form, for the purpose of administering your participation in the Plan, including a transfer to any broker or other third party with whom you elect to deposit Shares acquired under the
Plan of such Data as may be required for the administration of the Plan and/or the subsequent holding of Shares on your behalf. You may, at any time, view the Data, require any necessary modifications of Data, make inquiries about the treatment of
Data or withdraw the consents set forth in this subsection by contacting the Human Resources Department of the Company in writing.

 BY SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL OF 

THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN. 

  
 6

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