Document:

EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 
 EMPLOYMENT
AGREEMENT, effective as of January 1, 2015, by and between Sohu.com Inc., a Delaware corporation, and Charles Zhang, an individual (the “Employee”). 

1. Definitions. Capitalized terms used herein and not otherwise defined in the text below will have the meanings ascribed thereto on
Annex 1. 
 2. Employment; Duties. 

(a) The Company agrees to employ the Employee in the capacity and with such responsibilities as are generally set forth on Annex 2. 

(b) The Employee hereby agrees to devote his or her full time and best efforts in such capacities as are set forth on Annex 2 on the
terms and conditions set forth herein. Notwithstanding the foregoing, the Employee may engage in other activities, such as activities involving professional, charitable, educational, religious and similar types of organizations, provided the
Employee complies with the Employee Non-competition, Non-solicitation, Confidential Information and Work Product Agreement effective as of January 1, 2015 that is attached hereto as Annex 3 (the “Employee Obligations
Agreement”) and such other activities do not interfere with or prohibit the performance of the Employee’s duties under this Agreement, or conflict in any material way with the business of the Company or of its subsidiaries and
affiliates. The provisions of the Employee Obligations Agreement between the Company and the Employee that was in effect prior to January 1, 2015 (the “Prior Employee Obligations Agreement”) will continue in full force and effect with
respect to all matters arising with respect to periods through December 31, 2014. The Employee Obligations Agreement will be effective as of January 1, 2015 and will be in full force and effect on and after such date. 

(c) The Employee will use best efforts during the Term to ensure that the Company’s business and the businesses of its subsidiaries and
affiliates are conducted in accordance with all applicable laws and regulations of all jurisdictions in which such businesses are conducted. 

3. Compensation. 
 (a)
Base Annual Income. During the Term, the Company will pay the Employee an annual base salary as set forth on Annex 2, payable monthly pursuant to the Company’s normal payroll practices. 

(b) Discretionary Bonus. During the Term, the Company, in its sole discretion, may award to the Employee an annual bonus based on the
Employee’s performance and other factors deemed relevant by the Company’s Board of Directors. 

  
 -1- 

 (c) Stock Options and Other Equity Incentives. The Employee will be eligible to
participate in any stock option or other equity incentive programs available to officers or employees of the Company. 
 (d)
Reimbursement of Expenses. The Company will reimburse the Employee for reasonable expenses incurred by the Employee in the course of, and necessary in connection with, the performance by the Employee of his duties to the Company, provided
that such expenses are substantiated in accordance with the Company’s policies. 
 4. Other Employee Benefits. 

(a) Vacation; Sick Leave. The Employee will be entitled to such number of weeks of paid vacation each year as are set forth on Annex
2, the taking of which must be in accordance with the Company’s standard vacation policy. Unless otherwise approved by the Company’s Board of Directors, vacation that is not used in a particular year may only be carried forward to
subsequent years in accordance with the Company’s policies in effect from time to time. The Employee will be eligible for sick leave in accordance with the Company’s policies in effect from time to time. 

(b) Healthcare Plan. The Company will arrange for membership in the Company’s group healthcare plan for the Employee, the
Employee’s spouse and, if applicable, the Employee’s children under 18 years old, in accordance with the Company’s standard policies from time to time with respect to health insurance and in accordance with the rules established for
individual participation in such plan and under applicable law. 
 (c) Life and Disability Insurance. The Company will provide term
life and disability insurance payable to the Employee, in each case in an amount up to a maximum of three times the Employee’s annual base salary in effect from time to time, provided however, that such amount will be reduced by the amount of
any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies
from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law. 

(d) Other Benefits. Pursuant to the Company’s policies in effect from time to time and the applicable plan rules, the Employee
will be eligible to participate in other employee benefit plans of general application, which may include, without limitation, housing allowance or reimbursement, tuition fees for the Employee’s children, if any, at an international school and
tax equalization, which shall, in any event, include benefits at the levels set forth on Annex 2. 

  
 -2- 

 5. Certain Representations, Warranties and Covenants of the Employee. 

(a) Related Company Positions. The Employee agrees that the Employee and members of the Employee’s immediate family will not have
any financial interest directly or indirectly (including through any entity in which the Employee or any member of the Employee’s immediate family has a position or financial interest) in any transactions with the Company or any subsidiaries or
affiliates thereof unless all such transactions, prior to being entered into, have been disclosed to the Board of Directors and approved by a majority of the independent members of the Board of Directors and comply with all other Company policies
and applicable law as may be in effect from time to time. The Employee also agrees that he will inform the Board of Directors of the Company of any transactions involving the Company or any of its subsidiaries or affiliates in which senior officers,
including but not limited to the Employee, or their immediate family members have a financial interest. 
 (b) Discounts, Rebates or
Commissions. Unless expressly permitted by written policies and procedures of the Company in effect from time to time that may be applicable to the Employee, neither the Employee nor any immediate family member will be entitled to receive or
obtain directly or indirectly any discount, rebate or commission in respect of any sale or purchase of goods or services effected or other business transacted (whether or not by the Employee) by or on behalf of the Company or any of its subsidiaries
or affiliates, and if the Employee or any immediate family member (or any firm or company in which the Employee or any immediate family member is interested) obtains any such discount, rebate or commission, the Employee will pay to the Company an
amount equal to the amount so received (or the proportionate amount received by any such firm or company to the extent of the Employee’s or family member’s interest therein). 

6. Term; Termination. 

(a) Unless sooner terminated pursuant to the provisions of this Section 6, the term of this Agreement (the “Term”) will
commence on the date hereof and end on December 31, 2017. 
 (b) Voluntary Termination by the Employee. Notwithstanding anything
herein to the contrary, the Employee may voluntarily Terminate this Agreement by providing the Company with ninety (90) days’ advance written notice (“Voluntary Termination”), in which case, the Employee will not be
entitled to receive payment of any severance benefits or other amounts by reason of the Termination other than accrued salary and vacation through the date of the Termination. The Employee’s right to all other benefits will terminate as of the
date of Termination, other than any continuation required by applicable law. Without limiting the foregoing, if, in connection with a Change in Control, the surviving entity or successor to Sohu’s business offers the Employee employment on
substantially equivalent terms to those set forth in this Agreement and such offer is not accepted by the Employee, the refusal by the Employee to accept such offer and the subsequent termination of the Employee’s employment by the Company
shall be deemed to be a voluntary termination of employment by the Employee and shall not be treated as a termination by the Company without Cause. 

  
 -3- 

 (c) Termination by the Company for Cause. Notwithstanding anything herein to the contrary,
the Company may Terminate this Agreement for Cause by written notice to the Employee, effective immediately upon the delivery of such notice. In such case, the Employee will not be entitled to receive payment of any severance benefits or other
amounts by reason of the Termination other than accrued salary and vacation through the date of the Termination. The Employee’s right to all other benefits will terminate, other than any continuation required by applicable law. 

(d) Termination by the Employee with Good Reason or Termination by the Company without Cause. Notwithstanding anything herein to the
contrary, the Employee may Terminate this Agreement for Good Reason, and the Company may Terminate this Agreement without Cause, in either case upon thirty (30) days’ advance written notice by the party Terminating this Agreement to the
other party and the Termination shall be effective as of the expiration of such thirty (30) day period. If the Employee Terminates with Good Reason or the Company Terminates without Cause, the Employee will be entitled to continue to receive
payment of severance benefits equal to the Employee’s monthly base salary in effect on the date of Termination for the shorter of (i) six (6) months and (ii) the remainder of the Term of this Agreement (the “Severance
Period”), provided that the Employee complies with the Employee Obligations Agreement during the Severance Period and executes a release agreement in the form requested by the Company at the time of such Termination that releases the
Company from any and all claims arising from or related to the employment relationship and/or such Termination. Such payments will be made ratably over the Severance Period according to the Company’s standard payroll schedule. The Employee will
also receive payment of the bonus for the remainder of the year of the Termination, but only to the extent that the bonus would have been earned had the Employee continued in employment through the end of such year, as determined in good faith by
the Company’s, Board of Directors or its Compensation Committee based on the specific corporate and individual performance targets established for such fiscal year, and only to the extent that bonuses are paid for such fiscal year to other
similarly situated employees. Health insurance benefits with the same coverage (e.g., medical, dental, optical and mental health coverage) provided to the Employee prior to the Termination and in all other material respects comparable to those in
place immediately prior to the Termination will be provided at the Company’s expense during the Severance Period. The Company will also continue to carry the Employee on its Directors and Officers insurance policy for six (6) years
following the Date of Termination at the Company’s expense with respect to insurable events which occurred during the Employee’s term as a director or officer of the Company, with such coverage being at least comparable to that in effect
immediately prior to the Termination Date; provided, however, that (i) such terms, conditions and exceptions will not be, in the aggregate, materially less favorable to the Employee than those in effect on the Termination Date and (ii) if
the aggregate annual premiums for such insurance at any time during such period exceed two hundred percent (200%) of the per annum rate of premium currently paid by the Company for such insurance, then the Company will provide the maximum
coverage that is then available at an annual premium equal to two hundred percent (200%) of such rate. 

  
 -4- 

 (e) Termination by Reason of Death or Disability. A Termination of the Employee’s
employment by reason of death or Disability shall not be deemed to be a Termination by the Company (for or without Cause) or by the Employee (for or without Good Reason). In the event that the Employee’s employment with the Company Terminates
as a result of the Employee’s death or Disability, the Employee or the Employee’s estate or representative, as applicable, will receive all accrued salary and accrued vacation as of the date of the Employee’s death or Disability and
any other benefits payable under the Company’s then existing benefit plans and policies in accordance with such plans and policies in effect on the date of death or Disability and in accordance with applicable law. In addition, the Employee or
the Employee’s estate or representative, as applicable, will receive the bonus for the year in which the death or Disability occurs to the extent that a bonus would have been earned had the Employee continued in employment through the end of
such year, as determined in good faith by the Company’s, Board of Directors or its Compensation Committee based on the specific corporate and individual performance targets established for such fiscal year, and only to the extent that bonuses
are paid for such fiscal year to other similarly situated employees. 
 (f) Misconduct After Termination of Employment.
Notwithstanding the foregoing, if the Employee after the termination of his employment violates or fails to fully comply with the Employee Obligations Agreement, thereafter (i) the Employee shall not be entitled to any payments from the
Company, (ii) any insurance or other benefits that have continued shall terminate immediately, (iii) the Employee shall promptly reimburse to the Company all amounts that have been paid to the Employee pursuant to this Section 6; and
(iv) if the Employee would not, in the absence of such violation or failure to comply, have been entitled to severance payments from the Company equal to at least six (6) months’ base salary, the Employee shall pay to the Company an
amount equal to the difference between six (6) months’ base salary and the amount of severance pay measured by base salary reimbursed to the Company by the Employee pursuant to clause 3 of this sentence. 

7. Equity-Based Compensation-Related Provisions. 

(a) Termination by the Company Without Cause after a Change in Control. If Company Terminates this Agreement without Cause within twelve
(12) months following a Change in Control, the vesting and exercisability of each of the Employee’s outstanding stock options or other equity-based incentive awards (“Awards”) will accelerate such that the Award will
become fully vested and exercisable upon the effectiveness of the Termination, and any repurchase right of the Company with respect to shares of stock or other equity issued upon exercise of the Award will completely lapse, in each case subject to
paragraph (c) below (“Forfeiture of Options for Misconduct”). 

  
 -5- 

 (b) Termination other than by the Company Without Cause after a Change in Control. If the
Employee’s employment with the Company Terminates for any reason, unless the Company Terminates this Agreement without Cause within twelve (12) months following a Change in Control, the vesting and exercisability of each of the
Employee’s outstanding Awards shall cease upon the effectiveness of the Termination, such that any unvested Award shall be cancelled. 

(c) Forfeiture of Options for Misconduct. If the Employee fails to comply with the terms of this Agreement, the Employee Obligations
Agreement, or the written policies and procedures of the Company, as the same may be amended from time to time, or acts against the specific instructions of the Board of Directors of the Company or if this Agreement is terminated by the Company for
Cause (each a “Penalty Breach”), the Employee will forfeit any Awards that have been granted to him or to which the Employee may be entitled, whether the same are then vested or not, and the same shall thereafter not be exercisable
at all, and all shares of common stock of the Company, if any, purchased by the Employee pursuant to the exercise of Awards and still then owned by the Employee may be repurchased by the Company, at its sole discretion, at the price paid by the
Employee for such shares of common stock. The terms of all outstanding option grants are hereby amended to conform with this provision. 

8. Employee Obligations Agreement. By signing this Agreement, the Employee hereby agrees to execute and deliver to the Company the
Employee Obligations Agreement, and such execution and delivery shall be a condition to the Employee’s entitlement to his rights under this Agreement. 

9. Governing Law; Resolution of Disputes. This Agreement will be governed by and construed and enforced in accordance with the laws of
the State of New York if the Employee is not a citizen of the People’s Republic of China (the “PRC”), and in accordance with the laws of the PRC if the Employee is a citizen of the PRC, in each case exclusive of such
jurisdiction’s principles of conflicts of law. If, under the applicable law, any portion of this Agreement is at any time deemed to be in conflict with any applicable statute, rule, regulation or ordinance, such portion will be deemed to be
modified or altered to conform thereto or, if that is not possible, to be omitted from this Agreement; the invalidity of any such portion will not affect the force, effect and validity of the remaining portion hereof. Each of the parties hereto
irrevocably agrees that any dispute or controversy arising out of, relating to, or concerning any interpretation, construction, performance or breach of this Agreement, shall be settled by arbitration to be held in Hong Kong under the Hong Kong
International Arbitration Centre Administered Arbitration Rules (the “Arbitration Rules”) in force when a Notice of Arbitration with respect thereto is submitted in accordance with the Arbitration Rules. There shall be one arbitrator,
selected in accordance with the Arbitration Rules. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator’s decision in any court having jurisdiction.
The parties to the arbitration shall each pay an equal share of the costs and expenses of such arbitration, and each party shall separately pay for its respective counsel fees and expenses; provided, however, that the prevailing party in any such
arbitration shall be entitled to recover from the non-prevailing party its reasonable costs and attorney fees. 

  
 -6- 

 10. Notices. All notices, requests and other communications under this Agreement must be
in writing (including email or similar writing and express mail or courier delivery or in person delivery, but excluding ordinary mail delivery) and given to the address stated below: 

 

	 	(a)	if to the Employee, to the address or email address that is on file with the Company from time to time, as may be updated by the Employee; 

 

	 	(b)	if to the Company, to: 

 Sohu.com Inc. 

Level 15, Sohu.com Internet Plaza 

No. 1 Unit Zhongguancun East Road 

Haidian District 
 Beijing
100084 
 People’s Republic of China 

Attention:     Carol Yu 

President and Chief Financial Officer 

Email: carol@sohu-inc.com 
 with
a copy to: 
 Goulston & Storrs 

400 Atlantic Avenue 
 Boston, MA
02110 
 Attention:     Tim Bancroft 

Email: tbancroft@goulstonstorrs.com 
 or to such
other address or email address as either party may hereafter specify for the purpose by written notice to the other party in the manner provided in this Section 10. All such notices, requests and other communications will be deemed received:
(i) if given by email, when transmitted to the email address specified in this Section 10 if confirmation of receipt is received; (ii) if given by express mail or courier delivery, when delivered; and (iii) if given in person,
when delivered. 
 11. Miscellaneous. 

(a) Entire Agreement. This Agreement, together with the Employee Obligations Agreement, constitutes the entire understanding between the
Company and the Employee relating to the subject matter hereof on and after January 1, 2015 and supersedes and cancels all prior and contemporaneous written and oral agreements and understandings with respect to the subject matter of this
Agreement. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. 

  
 -7- 

 (b) Modification; Waiver. No provision of this Agreement may be modified, waived or
discharged unless modification, waiver or discharge is agreed to in writing signed by the Employee and such officer of the Company as may be specifically designated by its Board of Directors. No waiver by either party at any time of any breach by
the other party of, or compliance with, any condition or provision of this Agreement to be performed by such other party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

(c) Successors; Binding Agreement. This Agreement will be binding upon and will inure to the benefit of the Employee, the
Employee’s heirs, executors, administrators and beneficiaries, and the Company and its successors (whether direct or indirect, by purchase, merger, consolidation or otherwise), subject to the terms and conditions set forth herein. 

(d) Withholding Taxes. All amounts payable to the Employee under this Agreement will be subject to applicable withholding of income,
wage and other taxes to the extent required by applicable law. 
 (e) Validity. The invalidity or unenforceability of any provision
or provisions of this Agreement will not affect the validity or enforceability of any other provision of this Agreement, which will remain in full force and effect. 

(f) Language. This Agreement is written in the English language only. The English language also will be the controlling language for
all future communications between the parties hereto concerning this Agreement. 
 (g) Counterparts. This Agreement may be signed in
any number of counterparts, each of which will be deemed an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

  
 -8- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written
above. 
  

									
	Signature of Employee:				Sohu.com Inc.		
					
	  
				By:		  
		
					Name:		Carol Yu		
	Printed name of employee:				Title:		President and Chief Financial Officer		
					
	Charles Zhang								

  
 -9- 

 Annex 1 

Certain Definitions 
 “Cause”
means: 
  

	 	(i)	willful misconduct or gross negligence by the Employee, or any willful or grossly negligent omission to perform any act, resulting in injury to the Company or any subsidiaries or affiliates thereof; 

 

	 	(ii)	misconduct or negligence of the Employee that results in gain or personal enrichment of the Employee to the detriment of the Company or any subsidiaries or affiliates thereof; 

 

	 	(iii)	breach of any of the Employee’s agreements with the Company, including those set forth herein and in the Employee Obligations Agreement, and including, but not limited to, the repeated failure to perform
substantially the Employee’s duties to the Company or any subsidiaries or affiliates thereof, excessive absenteeism or dishonesty; 

  

	 	(iv)	any attempt by the Employee to assign or delegate this Agreement or any of the rights, duties, responsibilities, privileges or obligations hereunder without the prior approval of the Board of Directors of the Company
(except in respect of any delegation by the Employee of his employment duties hereunder to other employees of the Company in accordance with its usual business practice); 

 

	 	(v)	the Employee’s indictment or conviction for, or confession of, a felony or any crime involving moral turpitude under the laws of the United States or any State thereof, or under the laws of China, or Hong Kong;

  

	 	(vi)	declaration by a court that the Employee is insane or incompetent to manage his business affairs; 

  

	 	(vii)	habitual drug or alcohol abuse which materially impairs the Employee’s ability to perform his duties; or 

  

	 	(viii)	filing of any petition or other proceeding seeking to find the Employee bankrupt or insolvent. 

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

	 	(i)	any person (within the meaning of Section 13(d) or Section 14(d)(2) of the Securities Exchange Act of 1934) other than the Company, any trustee or other fiduciary holding securities under an employee benefit
plan of the Company or any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportion as their ownership of stock of the Company, becomes the direct or beneficial owner of securities
representing fifty percent (50%) or more of the combined voting power of the Company’s then-outstanding securities; 

  
 -10- 

	 	(ii)	during any period of two (2) consecutive years after the date of this Agreement, individuals who at the beginning of such period constitute the Board of Directors of the Company, and all new directors (other than
directors designated by a person who has entered into an agreement with the Company to effect a transaction described in (i), (iii), or (iv) of this definition) whose election or nomination to the Board was approved by a vote of at least
two-thirds of the directors then in office, cease for any reason to constitute at least a majority of the members of the Board; 

  

	 	(iii)	the effective date of a merger or consolidation of the Company with any other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such
merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving entity
outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity; 

 

	 	(iv)	the complete liquidation of the Company or the sale or disposition by the Company of all or substantially all of the Company’s assets; or 

 

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

“Company” means Sohu.com Inc and, unless the context suggests to the contrary, all of its subsidiaries and related companies. 

  
 -11- 

 “Disability” means the Employee becomes physically or mentally impaired to an extent which renders him
unable to perform the essential functions of his job, with or without reasonable accommodation, for a period of six consecutive months, or an aggregate of nine months in any two year period. 

“Good Reason” means the occurrence of any of the following events without the Employee’s express written consent, provided that the Employee
has given notice to the Company of such event and the Company has not remedied the problem within fifteen (15) days: 
  

	 	(i)	any significant change in the duties and responsibilities of the Employee inconsistent in any material and adverse respect with the Employee’s title and position (including status, officer positions and reporting
requirements), authority, duties or responsibilities as contemplated by Annex 2 to this Agreement. For the purposes of this Agreement, because of the evolving nature of the Employer’s business, the Company’s changing of
Employee’s reporting relationships and department(s) will not be considered a significant change in duties and responsibilities; 

  

	 	(ii)	any material breach by the Company of this Agreement, including without limitation any reduction of the Employee’s base salary or the Company’s failure to pay to the Employee any portion of the Employee’s
compensation; or 

  

	 	(iii)	the failure, in the event of a Change in Control in which the Company is not the surviving entity, of the surviving entity or the successor to the Company’s business to assume this Agreement pursuant to its terms
or to offer the Employee employment on substantially equivalent terms to those set forth in this Agreement. 

 “Termination” (and
any similar, capitalized use of the term, such as “Terminate”) means, according to the context, the termination of this Agreement or the Employee’s ceasing to render employment services. 

  
 -12- 

 Annex 2 

Particular Terms of Employee’s Employment 
  

			
	Title(s):		Chief Executive Officer
		
	Reporting Requirement:		The Employee will report to the Company’s Board of Directors.
		
	Responsibilities:		Such duties and responsibilities as are ordinarily associated with the Employee’s title(s) in a United States publicly-traded corporation and such other duties as may be specified by the Board of Directors from time to
time.
		
	Base Salary:		US$653,595 per year or as adjusted by the Board of Directors from time to time.
		
	# of Weeks of Paid
Vacation per Year:		Three (3)

 Other Benefits: 
 Annual housing
allowance of US$196,078 per year 
 Tax equalization on salary and bonus to 15%. 

Health, life and disability insurance and tuition fees for the Employee’s children, if any, as per company policy. 

Bonus as specifically approved each year. 

  
 -13- 

 Annex 3 

FORM OF EMPLOYEE NON-COMPETITION, NON-SOLICITATION, CONFIDENTIAL INFORMATION AND WORK PRODUCT AGREEMENT 

In consideration of my employment and the compensation paid to me by Sohu.com Inc., a Delaware corporation, or a subsidiary or other affiliate
or related company thereof (Sohu.com Inc. or any such subsidiary or related company or other affiliate referred to herein individually and collectively as “SOHU”), and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, I agree as follows: 
 1. Non-Competition. During my employment with SOHU and
continuing after the termination of my employment for the longer of (i) one year after the termination of my employment with SOHU for any reason and (ii) such period of time as SOHU is paying to me any severance benefits, (the
“Noncompete Period”), I will not, on my own behalf, or as owner, manager, stockholder (other than as stockholder of less than 2% of the outstanding stock of a company that is publicly traded or listed on a stock exchange),
consultant, director, officer or employee of or in any other manner connected with any business entity, participate or be involved in any Competitor without the prior written authorization of the Board of Directors of SOHU.
“Competitor” means any business of the type and character of business in which SOHU engages or proposes to engage and may include, without limitation, an individual, company, enterprise, partnership enterprise, government office,
committee, social organization or other organization that, in any event, produces, distributes or provides the same or substantially similar kind of product or service as SOHU. On the date of this Employee Non-competition, Non-solicitation,
Confidential Information and Work Product Agreement (this “Agreement”), “Competitor” includes without limitation: Sina.com, Tencent, Netease.com, iFeng, Renren, Youku, Tudou, iQiyi, PC Online, SouFun, CRIC, BitAuto,
Yahoo, Microsoft, Baidu, Google, Qihoo, Alibaba, Shanda, Perfect World, Giant, NetDragon, Kingsoft, The 9, Ctrip, Elong, Ebay, Dang Dang and Kong Zhong. Such list may be updated by the Company from time to time so that it is consistent with the list
of competitors disclosed in the Company’s quarterly reports on Form 10-Q or annual reports on Form 10-K filed with the U.S. Securities and Exchange Commission. 

2. Nonsolicitation. During the Noncompete Period, I will not, either for my own account or for the account of any other person:
(i) solicit, induce, attempt to hire, or hire any employee or contractor of SOHU or any other person who may have been employed or engaged by SOHU during the term of my employment with SOHU unless that person has not worked with SOHU within the
six months following my last day of employment with SOHU; (ii) solicit business or relationship in competition with SOHU from any of SOHU’s customers, suppliers or partners or any other entity with which SOHU does business;
(iii) assist in such hiring or solicitation by any other person or business entity or encourage any such employee to terminate his or her employment with SOHU; or (iv) encourage any such customer, supplier or partner or any other entity to
terminate its relationship with SOHU. 

  
 -14- 

 3. Confidential Information. 

(a) While employed by SOHU and indefinitely thereafter, I will not, directly or indirectly, use any Confidential Information (as hereinafter
defined) other than pursuant to my employment by and for the benefit of SOHU, or disclose any such Confidential Information to anyone outside of SOHU or to anyone within SOHU who has not been authorized to receive such information, except as
directed in writing by an authorized representative of SOHU. 
 (b) “Confidential Information” means all trade secrets,
proprietary information, and other data and information, in any form, belonging to SOHU or any of their respective clients, customers, consultants, licensees or affiliates that is held in confidence by SOHU. Confidential Information includes, but is
not limited to computer software, the structure of SOHU’s online directories and search engines, business plans and arrangements, customer lists, marketing materials, financial information, research, and any other information identified or
treated as confidential by SOHU or any of their respective clients, customer, consultants, licensees or affiliates. Notwithstanding the foregoing, Confidential Information does not include information which SOHU has voluntarily disclosed to the
public without restriction, or which is otherwise known to the public at large. 
 4. Rights in Work Product. 

(a) I agree that all Work Product (as hereinafter defined) will be the sole property of SOHU. I agree that all Work Product that constitutes
original works of authorship protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright Act and, therefore, the property of SOHU. I agree to waive, and hereby waive and irrevocably and
exclusively assign to SOHU, all right, title and interest I may have in or to any other Work Product and, to the extent that such rights may not be waived or assigned, I agree not to assert such rights against SOHU or its licensees (and
sublicensees), successors or assigns. 
 (b) I agree to promptly disclose all Work Product to the appropriate individuals in SOHU as such
Work Product is created in accordance with the requirements of my job and as directed by SOHU. 
 (c) “Work Product” means
any and all inventions, improvements, developments, concepts, ideas, expressions, processes, prototypes, plans, drawings, designs, models, formulations, specifications, methods, techniques, shop-practices, discoveries, innovations, creations,
technologies, formulas, algorithms, data, computer databases, reports, laboratory notebooks, papers, writings, photographs, source and object codes, software programs, other works of authorship, and know-how and show-how, or parts thereof conceived,
developed, or otherwise made by me alone or jointly with others (i) during the period of my employment with SOHU or (ii) during the six month period next succeeding the termination of my employment with SOHU if the same in any way relates
to the present or proposed products, programs or services of SOHU or to tasks assigned to me during the course of my employment, whether or not patentable or subject to copyright or trademark protection, whether or not reduced to tangible form or
reduced to practice, whether or not made during my regular working hours, and whether or not made on SOHU premises. 

  
 -15- 

 5. Employee’s Prior Obligations. I hereby certify I have no continuing obligation to
any previous employer or other person or entity which requires me not to disclose any information to SOHU. 
 6. Employee’s
Obligation to Cooperate. At any time during my employment with SOHU and thereafter upon the request of SOHU, I will execute all documents and perform all lawful acts that SOHU considers necessary or advisable to secure its rights hereunder and
to carry out the intent of this Agreement. Without limiting the generality of the foregoing, I agree to render to SOHU or its nominee all reasonable assistance as may be required: 

 

	 	(a)	In the prosecution or applications for letters patent, foreign and domestic, or re-issues, extensions and continuations thereof; 

  

	 	(b)	In the prosecution or defense of interferences which may be declared involving any of said applications or patents; 

  

	 	(c)	In any administrative proceeding or litigation in which SOHU may be involved relating to any Work Product; and 

  

	 	(d)	In the execution of documents and the taking of all other lawful acts which SOHU considers necessary or advisable in creating and protecting its copyright, patent, trademark, trade secret and other proprietary rights in
any Work Product. 

 The reasonable out-of-pocket expenses incurred by me in rendering such assistance at the request of SOHU will be
reimbursed by SOHU. If I am no longer an employee of SOHU at the time I render such assistance, SOHU will pay me a reasonable fee for my time. 

7. Termination; Return of SOHU Property. Upon the termination of my employment with SOHU for any reason, or at any time upon
SOHU’s request, I will return to SOHU all Work Product and Confidential Information and notes, memoranda, records, customer lists, proposals, business plans and other documents, computer software, materials, tools, equipment and other property
in my possession or under my control, relating to any work done for SOHU, or otherwise belonging to SOHU, it being acknowledged that all such items are the sole property of SOHU. Further, before obtaining my final paycheck, I agree to sign a
certificate stating the following: 

  
 -16- 

 “Termination Certificate 

This is to certify that I do not have in my possession or custody, nor have I failed to return, any Work Product (as defined in the Employee
Non-competition, Non-solicitation, Confidential Information and Work Product Agreement between me and Sohu.com Inc. (“SOHU”)) or any notes, memoranda, records, customer lists, proposals, business plans or other documents or any computer
software, materials, tools, equipment or other property (or copies of any of the foregoing) belonging to SOHU.” 
 8. General
Provisions. 
 (a) This Agreement contains the entire agreement between me and SOHU with respect to the subject matter hereof and
supersedes all prior and contemporaneous agreements and understandings related to the subject matter hereof, whether written or oral; provided however, that, with respect to periods through the date hereof, this Agreement will not supersede the
Employee Non-competition, Non-solicitation, Confidential Information and Work Product Agreement between SOHU and me that was in effect prior to the date hereof (the “Prior Employee Obligations Agreement”), which will continue in full force
and effect with respect to such periods. This Agreement may not be modified except by written agreement signed by SOHU and me. 
 (b) This
Agreement will be governed by and construed and enforced in accordance with the laws of the State of New York if the Employee is not a citizen of the People’s Republic of China (the “PRC”), and in accordance with the laws of the PRC
if the Employee is a citizen of the PRC, in each case exclusive of such jurisdiction’s principles of conflicts of law. If, under the applicable law, any portion of this Agreement is at any time deemed to be in conflict with any applicable
statute, rule, regulation or ordinance, such portion will be deemed to be modified or altered to conform thereto or, if that is not possible, to be omitted from this Agreement; the invalidity of any such portion will not affect the force, effect and
validity of the remaining portion hereof. Each of the parties hereto irrevocably (i) agrees that any dispute or controversy arising out of, relating to, or concerning any interpretation, construction, performance or breach of this Agreement,
shall be settled to be held in the Hong Kong S.A.R. under the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “Arbitration Rules”) in force when a Notice of Arbitration with respect thereto is submitted in
accordance with the Arbitration Rules. There shall be one arbitrator, selected in accordance with the Arbitration Rules. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered
on the arbitrator’s decision in any court having jurisdiction. The parties to the arbitration shall each pay an equal share of the costs and expenses of such arbitration, and each party shall separately pay for its respective counsel fees and
expenses; provided, however, that the prevailing party in any such arbitration shall be entitled to recover from the non-prevailing party its reasonable costs and attorney fees. 

(c) In the event that any provision of this Agreement is determined by any court of competent jurisdiction to be unenforceable by reason of
its extending for too great a period of time, over too large a geographic area, over too great a range of activities, it will be interpreted to extend only over the maximum period of time, geographic area or range of activities as to which it may be
enforceable. 

  
 -17- 

 (d) If, after application of paragraph (c) above, any provision of this Agreement will be
determined to be invalid, illegal or otherwise unenforceable by any court of competent jurisdiction, the validity, legality and enforceability of the other provisions of this Agreement will not be affected thereby. Any invalid, illegal or
unenforceable provision of this Agreement will be severed, and after any such severance, all other provisions hereof will remain in full force and effect. 

(e) SOHU and I agree that either of us may waive or fail to enforce violations of any part of this Agreement without waiving the right in the
future to insist on strict compliance with all or parts of this Agreement. 
 (f) My obligations under this Agreement will survive the
termination of my employment with SOHU regardless of the manner of or reasons for such termination, and regardless of whether such termination constitutes a breach of any other agreement I may have with SOHU. My obligations under this Agreement will
be binding upon my heirs, executors and administrators, and the provisions of this Agreement will inure to the benefit of the successors and assigns of SOHU. 

(g) I agree and acknowledge that the rights and obligations set forth in this Agreement are of a unique and special nature and necessary to
ensure the preservation, protection and continuity of SOHU’s business, employees, Confidential Information, and intellectual property rights. Accordingly, SOHU is without an adequate legal remedy in the event of my violation of any of the
covenants set forth in this Agreement. I agree, therefore, that, in addition to all other rights and remedies, at law or in equity or otherwise, that may be available to SOHU, each of the covenants made by me under this Agreement shall be
enforceable by injunction, specific performance or other equitable relief, without any requirement that SOHU have to post a bond or that SOHU have to prove any damages. 

  
 -18- 

 IN WITNESS WHEREOF, the undersigned employee and SOHU have executed this Employee
Non-competition, Non-solicitation, Confidential Information and Work Product Agreement. 
 Effective as of January 1, 2015 and signed on
                                 

 

									
	Signature of Employee:						Sohu.com Inc.		
					
	  
				By:		  
		
					Name:		Carol Yu		
	Printed name of employee:				Title:		President and Chief Financial Officer		
					
	 Charles Zhang
								

  
 -19-2015 PARS Agreement for EVP

CYPRESS SEMICONDUCTOR CORPORATION

PERFORMANCE ACCELERATED RESTRICTED STOCK 
PROGRAM (PARS) GRANT AGREEMENT 

Congratulations! You have been selected as a key person that is responsible for driving the long-term success of Cypress Semiconductor Corporation (the “Company” or “Cypress”). This is a very confidential and selective program and each participant has been approved by the Executive Staff. We are counting on your strong performance in 2015 and beyond to achieve the vision of the Company and deliver strong total shareholder return to our fellow stockholders.

Unless otherwise defined herein, the terms in the 2013 Stock Plan (the “Plan”) shall have the same defined meanings in this notice and grant agreement (collectively, the “Grant Agreement”).       
	
		
	 
	(LAST NAME)

	 
	(FIRST NAME)

	 
	(MIDDLE NAME)

	 
	(EMPLOYEE NUMBER)

	 
	(GRANT DATE)

You have been granted performance-based restricted stock units (“PSUs”) and service-based restricted stock units (“RSUs”) under the Plan as part of the Company’s Performance Accelerated Restricted Stock Program (“PARS Program”), and your grant is subject to the terms and conditions of the Plan and this Grant Agreement. PSUs are granted with specific performance targets identified by the Compensation Committee of the Board of Directors (the “Committee”) and RSUs are service-based grants.  
This grant fully vests over a three year period.  Your total number of targeted shares under this Grant Agreement for the three year vesting period is _________, of which _____ are RSUs and _____  are PSUs (at target).  You may earn up to _______ PSUs (200% of target) depending on the level of performance achieved. In addition to this grant, you may receive additional grants in the future that contain additional performance goals for 2016 and 2017.

1

GRANT SUMMARY

	
						
	Description
	Grant Type
	2015
	2016
	2017
	Total  
(at target)

	Service Based
	RSU
	 
	 
	 
	 

	Milestone 1 - TSR 2015
	PSU
	 
	 
	 
	 

	Milestone 2 - TSR 2015-2016
	PSU
	 
	 
	 
	 

	Milestone 3 - TSR 2016
	PSU
	 
	 
	 
	 

	Milestone 4 - TSR 2015-2017
	PSU
	 
	 
	 
	 

	Milestone 5 - TSR 2016-2017
	PSU
	 
	 
	 
	 

	Milestone 6 - TSR 2017
	PSU
	 
	 
	 
	 

	Milestone 7 - 2015 Synergies
	PSU
	 
	 
	 
	 

	Milestone 8 - 2016 Synergies
	PSU
	 
	 
	 
	 

	Milestone 9 - 2017 Synergies
	PSU
	 
	 
	 
	 

	Milestone 10 - Q415 EPS
	PSU
	 
	 
	 
	 

	Milestone 11 - Q416 EPS
	PSU
	 
	 
	 
	 

	Milestone 12 - 2017 EPS
	PSU
	 
	 
	 
	 

	Total
	 
	 
	 
	 
	 

Service- Based Award (RSU) Vesting Terms

You are eligible to earn 100% of your targeted service-based RSUs if you remain an employee in good standing of Cypress through the vesting dates specified below and are in a similar role, same or higher pay grade and same or increased scope of responsibilities as your current role on the date of grant. The Administrator, in its sole discretion, shall determine the amount of the reduction in vesting to be applied to your RSU as of or following any reduction in role, pay grade or scope of responsibility, which may include a determination that no Shares shall vest as of or following such change. 

Service Based RSU Vesting Dates:

2015- January 29, 2016 

2016- January 27, 2017 

2017- February 2, 2018 

2

Performance-Based (PSU) Vesting Terms

Performance-based PSU shares will be eligible to vest subject to satisfaction of the vesting and performance criteria below. 

Total Shareholder Return (TSR)

You are eligible to earn your targeted PSU shares based on the Company’s achievement of certain levels of TSR as compared to Cypress’s peer group of companies. Total Shareholder Return (TSR) is used to represent the cumulative return of an investment and includes both the change in the stock price as well as the value of dividends paid from a specified start and ending period. TSR is defined as:

In the event that a peer company no longer trades on the NYSE or NASDAQ on the last day of the performance measurement period, the performance of the SOXX will replace that peer company.  In the event that more than one peer company no longer trade on the NYSE or NASDAQ on the last day of the performance measurement period, the performance of the SOXX will only replace one peer company and any other peer company that no longer trades on the NYSE or NASDAQ will be excluded from the calculation.  The calculation of the SOXX TSR will be consistent with the TSR calculations of the Peer Companies as outlined earlier. 

The payout for the TSR milestones is as follows:

	
		
	Cypress TSR Rank Relative to Peer Group
	Performance Multiplier (of Target)*

	At or above the 90th Percentile
	200%

	Between the 65th Percentile TSR and 90th Percentile
	Determined by linear interpolation between 65th and 90th percentile

	At the 65th Percentile
	100%

	Between the 25th Percentile TSR and 65th Percentile
	Determined by linear interpolation between 25th and 65th percentile

	At or below the 25th Percentile TSR
	0%

*If the TSR is negative, the payout will be 50% of the earned Shares. 

3

Milestone #1 – 2015 TSR 
You are eligible to earn your targeted PSU shares for Milestone #1 based on the Company’s achievement of certain levels of Total Shareholder Return (TSR) as compared to the 2015 Cypress Peer Group of Companies (Appendix #1).  The Milestone #1 measurement period of TSR will be from December 26, 2014 through December 31, 2015 and shares are eligible to vest on January 29, 2016, subject to satisfaction of the vesting and performance criteria.  

Milestone #2 – 2015-2016 TSR 
You are eligible to earn your targeted PSU shares for Milestone #2 based on the Company’s achievement of certain levels of TSR as compared to the 2015 Cypress Peer Group of Companies (Appendix #1). The Milestone #2 measurement period of TSR will be from December 26, 2014 through December 30, 2016 and shares are eligible to vest on January 27, 2017, subject to satisfaction of the vesting and performance criteria.

Milestone #3 – 2016 TSR 
You are eligible to earn your targeted PSU shares for Milestone #3 based on the Company’s achievement of certain levels of TSR as compared to the 2016 Cypress Peer Group of Companies (to be provided after approval by the Committee in 2016). The Milestone #3 measurement period of TSR will be from January 4, 2016 through December 30, 2016 and shares are eligible to vest on January 27, 2017, subject to satisfaction of the vesting and performance criteria.  

Milestone #4 – 2015-2017 TSR 
You are eligible to earn your targeted PSU shares for Milestone #4 based on the Company’s achievement of certain levels of TSR as compared to the 2015 Cypress Peer Group of Companies (Appendix #1). The Milestone #4 measurement period of TSR will be from December 26, 2014 through December 29, 2017 and shares are eligible to vest on February 2, 2018, subject to satisfaction of the vesting and performance criteria.  

Milestone #5– 2016-2017 TSR 
You are eligible to earn your targeted PSU shares for Milestone #5 based on the Company’s achievement of certain levels of TSR as compared to the 2016 Cypress Peer Group of Companies (as determined by the Committee in 2016).  The Milestone #5 measurement period of TSR will be from December 31, 2015 through December 29, 2017 and shares are eligible to vest on February 2, 2018, subject to satisfaction of the vesting and performance criteria.  

Milestone #6–2017 TSR 
You are eligible to earn your targeted PSU shares for Milestone #6 based on the Company’s achievement of certain levels of TSR as compared to the 2017 Cypress Peer Group of Companies (As determined by the Committee in 2017). The Milestone #6 measurement period of TSR will be from December 30, 2016 through December 29, 2017 and shares are eligible to vest on February 2, 2018, subject to satisfaction of the vesting and performance criteria. 

4

Merger Synergies

You are eligible to earn your targeted PSU shares if the cost synergies associated with the merger of Cypress and Spansion achieves the stated goal for each of the years as defined below. All payouts adjust on a linear scale between the 0% payout and the 100% payout and then between the 100% payout to 200% maximum payout. 

Milestone #7 – 2015 Synergies
The payout for Milestone #7 is as follows:

0%     Payout = Annualized Q4, 2015 synergy savings of $______ or lower
100% Payout = Annualized Q4, 2015 synergy savings of $________ or higher
200% Payout = Annualized Q4, 2015 synergy savings of $________ or higher

Shares for Milestone #7 are eligible to vest on January 29, 2016, subject to satisfaction of the vesting and performance criteria.  

Milestone #8 -2016 Synergies
The payout for Milestone #8 is as follows:

0%     Payout = Annualized Q4, 2016 synergy savings of   $______ or lower
100% Payout = Annualized Q4, 2016 synergy savings of   $________ or higher
200% Payout = Annualized Q4, 2016 synergy savings of $________ or higher

Shares for Milestone #8 are eligible to vest on January 27, 2017, subject to satisfaction of the vesting and performance criteria.  

Milestone #9 – 2017 Synergies
The payout for Milestone #9 is as follows:

0%     Payout = Annualized Q4, 2017 synergy savings of $______ or lower
100% Payout = Annualized Q4, 2017 synergy savings of $________ or higher
200% Payout = Annualized Q4, 2017 synergy savings of $________ or higher

Shares for Milestone #9 are eligible to vest on February 2, 2018, subject to satisfaction of the vesting and performance criteria.  

5

Earnings Per Share (EPS)

You are eligible to earn your targeted PSU shares if Cypress’s non-GAAP EPS meets or exceeds the amounts specified below. All payouts adjust on a linear scale between the 0% payout and the 100% payout and between 100% payout and a maximum payout of 200%. The measurement period of EPS will be for Cypress’s reported earnings in the fourth quarter of each year except for in 2017. 

Non-GAAP financial measures generally exclude charges related to stock-based compensation, restructuring charges, acquisition-related expenses and other discrete adjustments and the related tax effects. Non-GAAP EPS for purposes of the Milestones #10-12 below shall be calculated in a manner consistent with any non-GAAP EPS numbers publicly disclosed to the Company’s investors. 

Milestone #10- Q415 EPS
The payout for Milestone #10 is based on Cypress’s Q4, 2015 non-GAAP EPS as follows:

0%     Payout = Q4, 2015 EPS is $_________
100% Payout = Q4, 2015 EPS is $_________
200% Payout = Q4, 2015 EPS is $_________

Shares for Milestone #10 are eligible to vest on January 29, 2016, subject to satisfaction of the vesting and performance criteria.  

Milestone #11- Q416 EPS
The payout for Milestone #11 is based on Cypress’s Q4, 2016 non-GAAP Earnings Per Share (EPS) as follows:

0%     Payout = Q4, 2016 EPS is $_________
100% Payout = Q4, 2016 EPS is $_________
200% Payout = Q4, 2016 EPS is $_________

Shares for Milestone #11 are eligible to vest on January 27, 2017, subject to satisfaction of the vesting and performance criteria.  

6

Milestone #12- 2017 EPS
The payout for Milestone #12 is based on Cypress’s 2017 non-GAAP Earnings Per Share (EPS) as follows:

0%     Payout = 2017 EPS is $_________
100% Payout = 2017 EPS is $_________
200% Payout = 2017 EPS is $_________

Shares for Milestone #12 are eligible to vest on February 2, 2018, subject to satisfaction of the vesting and performance criteria.  

7

ADDITIONAL VESTING CONDITIONS AND SCHEDULE

RSUs and PSUs have no exercise price and therefore always have value. Once vested, the value of each Share that vested pursuant to an RSU or PSU is equal to the value of one share of Cypress’s stock as reported on the NASDAQ market. Upon vest, any applicable taxes will be withheld in the form of shares, or you will be required to sell enough shares to pay the taxes required to be withheld, or you will need to use cash from external sources to satisfy the tax requirements. Vested shares remain yours for as long as you hold the shares, even if the Company no longer employs you. Upon vest, you may hold onto them for however long you like, earning each dividend declared by our Board of Directors, if applicable. However, you bear the risk of the stock declining in price and your shares losing value.

Assuming the satisfaction of any applicable vesting and performance criteria, Shares shall vest on the vesting dates specified in this Grant Agreement. The Company shall settle and issue the vested Shares as soon as practicable after such Shares have vested; provided, however, that the Company shall have no obligation to settle and issue PSU shares unless and until the Committee has certified achievement of the performance milestones (the “Certification”). Upon Certification, you will be notified to what extent you met the performance milestones. 

Except to the extent required by law or provided under this Agreement or the Plan, this Award may not be modified adversely to your interest except by means of a writing signed by the Company and you.  Nothing in the preceding sentence shall preclude the Committee from exercising administrative discretion with respect to the Plan or this Grant Agreement, and the exercise of such discretion shall be final, conclusive and binding on all interested parties and shall be given maximum deference permitted by law. This discretion includes, but is not limited to, determining the total percentage of PSUs that become payable to you including the use of negative discretion to reduce (including to zero), but not to increase the total number of Shares that would otherwise vest under any performance milestone under the terms of this Grant Agreement. 

You must remain as an employee, consultant or director through the date of Certification and the vesting date to receive your PSUs. 
All PSUs are subject to the Company’s clawback policy (Appendix #2).
Notwithstanding any contrary provision of this Grant Agreement, if, at any time on or after September 28 of each year through 2017, the Committee determines that it is likely some or all of the shares potentially may be earned under the PSUs will in fact not be earned, the Committee (in its sole discretion) may determine that such PSU shares will never vest, will be permanently forfeited immediately and returned to the pool of shares available under the Plan. In making any 

8

such determination, the Committee shall consider actual performance to date versus the pre established goals and any other factors that the Committee (in its discretion) determines to be relevant.

For all Milestones for which the measurement period is one year, if you are on any approved leave of absence (“LOA”)  at any time - for a period of less than 91 calendar days, earned PSUs and RSUs, will be prorated for the period of your leave. If you are on any LOA (approved or not approved) - for 91 calendar days or greater you will not be eligible to earn any RSU or PSUs during the term of the LOA. For all Milestones having a measurement period greater than one year, if you are on any approved LOA at any time - for a period of less than 181 calendar days, earned RSUs and PSUs, will be prorated for the period of your leave. If you are on any LOA (approved or not approved) - for 181 calendar days or greater you will not be eligible to earn any RSUs or PSUs during the term of the LOA.

Each earned RSU or PSU is equivalent to one Share of common stock of the Company for purposes of determining the number of shares subject to this notice. Any RSU or PSU shares that do not vest will be forfeited.

CONFIDENTIALITY
 
As part of this Grant Agreement, you agree that your grant and all the terms and conditions of the grant are confidential. Therefore, except as necessary for compliance with a government regulation or filing or in connection with seeking personal legal, tax or other professional advice, you will not disclose the grant, or its terms and conditions to any third party except with approval of the Board of Directors, the Chief Executive Officer or the Chief Financial Officer. You may also discuss your grant with the Company’s Stock Administrator, the legal department, your EVP, the SVP or EVP of HR, or your HR Business Partner to the extent it relates to your employment at Cypress, or with your spouse. A violation of this confidentiality requirement may result in severe consequences, including a forfeiture of all grants, and/or termination of employment. 
ACCEPTANCE OF GRANT

After reading the Plan and this Grant Agreement, please confirm your acceptance of the terms set forth in this Grant Agreement by accepting the terms through execution of this Grant Agreement below and returning a copy to the Company’s Stock Administrator by electronic copy to: stockadmin@cypress.com. The Plan and this Grant Agreement constitute your entire agreement with respect to this Award. You hereby agree to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and this Award.
If you are a U.S. resident, you must accept and return this Grant Agreement, executed, within 30 days after the date of notification to you. If you don’t accept the grant within 30 days, then it will 

9

be accepted automatically on your behalf and you agree to be bound by the terms and conditions herein, the Plan and all conditions established by the Company in connection with Awards issued under the Plan unless you notify human resources or the legal department of your intention to reject the Award.
IN WITNESS WHEREOF, the undersigned have executed this Grant Agreement as of the date below.
	
			
	CYPRESS SEMICONDUCTOR CORPORATION
	 
	GRANTEE

	By:
	 
	By:

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	Thad Trent
	 
	Name

Chief Financial Officer

10

APPENDIX #1
CYPRESS 2015 PEER GROUP

11

APPENDIX #2
CYPRESS “CLAWBACK” POLICY
Under this Clawback Policy, and consistent with the Company’s core values, the Board has determined that it is appropriate to recover any incentive-based compensation that was paid out based on erroneous financial information reported under securities laws. Specifically, the Company may recoup incentive compensation from any employee if: (i) he or she engages in intentional misconduct pertaining to any financial reporting policy; (ii) there is a material negative revision of a financial or operating measure on the basis of which incentive compensation was awarded or paid to the employee; or (iii) he or she engages in any fraud, theft, misappropriation, embezzlement or dishonesty. Any recoupment will be made irrespective of whether the employee’s conduct contributed to the need for the restatement and/or revision. 
If triggered, then to the fullest extent permitted by law, the Company may require the employee to reimburse the Company for all or a portion of any incentive compensation received within the last 36 months from the date that the company was required to prepare the accounting restatement that was based on the erroneous data. The employee may also be required to remit to the Company any profits realized from the sale of the Company’s common stock within the last 36 months from the date that the company is required to prepare the accounting restatement that was based on the erroneous data. The clawback will be calculated as the excess amount paid on the basis of the restated results. 
In all circumstances the Compensation Committee will have the ability to exercise discretion with respect to all reimbursements under the Clawback Policy. 
Additionally, it is the intent of this policy to comply with the clawback requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This policy may be modified to the degree that it does not comply with the final requirements issued by the Securities Exchange Commission.

12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}]]