Document:

exv10w52

EXHIBIT 10.52

2003 STOCK INCENTIVE PLAN

OF RF MICRO DEVICES, INC.

Restricted Stock Unit Agreement

(Performance-Based and Service-Based Award)

     THIS AGREEMENT (together with Schedule A, attached hereto, the “Agreement”), made effective as
of ____________ (the “Effective Date”) between RF MICRO DEVICES, INC., a North Carolina corporation
(the “Corporation”), and ____________, an employee of, or individual in service to, the Corporation
or a related entity (the “Participant”);

R
E C I T
A L S :

     WHEREAS, the Compensation Committee (the “Committee”) of the Board of Directors has approved
the grant to the Participant of a contingent right to receive an award of restricted stock units
(as defined in Section 4, below, the “Award”) for shares of the Corporation’s common stock (the
“Common Stock”) issuable under the RF Micro Devices, Inc. 2003 Stock Incentive Plan, as amended
June 1, 2006 and as it may be hereafter amended (the “Plan”), the grant of which Award is subject
to the attainment of certain performance objectives and the vesting of which Award is subject to
certain service requirements, as further described in this Agreement;

     NOW, THEREFORE, in furtherance of the purposes of the Plan, the Corporation and the
Participant hereby agree as follows:

     1. Incorporation of Plan. The rights and duties of the Corporation and the
Participant under this Agreement shall in all respects be subject to and governed by the provisions
of the Plan, the terms of which are incorporated herein by reference. In the event of any conflict
between the provisions in the Agreement and those of the Plan, the provisions of the Plan shall
govern. Unless otherwise defined herein, capitalized terms in this Agreement shall have the same
definitions as set forth with the Plan.

     2. Certain Defined Terms. The following terms used in this Agreement shall have the
meanings set forth in this Section 2:

     (a) The “Award Date” is the date on which the Award is or may be granted to the
Participant following the Administrator’s determination regarding whether all or a portion
of the Performance Objectives have been attained and completion of such other action as may
be necessary to complete the grant of the Award.

     (b) The “Effective Date” is the effective date of the Agreement, as stated above.

     (c) The “Participant” is____________.
Employee ID# ____________

     (d) “Performance Objectives” are the specific performance objectives identified in
Section 2 of Schedule A attached hereto.

     (e)
The “Performance Period” is the period beginning ____________ and ending on
____________.

 

 

     (f) The “Restriction Period” is the period beginning on the Award Date and ending on
such date or dates and occurrence of such conditions as described in Section 3 of Schedule A
attached hereto.

     (g) The “Shares” shall be that number, if any, of shares of Common Stock subject to the
Award which are or may be granted under this Agreement, as such number may be determined in
accordance with Section 1 of Schedule A.

     3. Award Opportunity; Incorporation of the Terms of Schedule A of the Agreement.

     (a) The Corporation hereby grants to the Participant an opportunity to be granted the
Award for a certain number of shares of Common Stock (as defined above, the “Shares”) based
upon the attainment of at least two and up to six of the Performance Objectives, all as
described in Schedule A, during the Performance Period. The number, if any, of shares of
Common Stock subject to the Award shall be determined by the Administrator based on the
achievement by the Corporation of the Performance Objectives described in Section 2 of
Schedule A. No Award of Shares is being granted at this time, and no Award shall be granted
unless and until the Administrator, in its sole discretion and in accordance with the terms
of the Plan and this Agreement, determines whether and to what extent the Award has been
earned (including but not limited to determining whether and to what extent the Performance
Objectives have been met), determines the number of Shares that shall be subject to the
Award and takes any other action it deems necessary or advisable in order to complete the
grant.

     (b) The Participant expressly acknowledges that the terms of Schedule A shall be
incorporated herein by reference and shall constitute part of this Agreement. The
Corporation and the Participant further acknowledge that the Corporation’s signature on the
signature page hereof, and the Participant’s signature on the Grant Letter contained in
Schedule A, shall constitute their acceptance of all of the terms of this Agreement.

     4. Grant of Award of Restricted Stock Units. Subject to the terms of this Agreement
and the Plan, the Corporation shall grant the Participant an award of restricted stock units (the
“Award”) for that number of Shares of Common Stock as is determined in accordance with Schedule A
if and only if a minimum of two (and up to six) of the Performance Objectives are met during the
Performance Period, as further described in Schedule A. The number of Shares, if any, subject to
the Award shall be determined by the Administrator in its sole discretion in accordance with the
Plan and this Agreement (including Schedule A) following completion of the Performance Period. The
Award Date shall be
____________ or as soon as practicable after the end of the Performance Period and
the Administrator’s determination of the extent, if any, to which the Performance Objectives have
been met and the Award has been earned. The Corporation shall give notice to the Participant after
the Performance Period regarding whether the Award has been granted and the number of Shares
subject to the Award.

     5. Dividends and Voting Rights. The Participant or his legal representatives,
legatees or distributees shall not be deemed to be the holder of any Shares subject to the Award
and shall not have any dividend rights, voting rights or other rights as a shareholder unless and
until (and then only to the extent that) the Award has been earned and vested and certificates for
such Shares have been issued and delivered to him or them (or, in the case of uncertificated
shares, other written evidence of ownership in accordance with applicable laws shall have been
provided).

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     6. Vesting of Award.

     (a) Subject to the terms of the Plan and the Agreement, the Shares subject to the Award
shall be deemed vested, and such Shares shall be distributable as provided in Section 8
herein, upon such date or dates, and subject to such conditions, as are described in this
Agreement, including Section 3 of Schedule A. Without limiting the effect of the foregoing,
the Shares subject to the Award may vest in installments over a period of time, if so
provided in Schedule A. The Participant expressly acknowledges that the Award shall
vest only upon such terms and conditions as are provided in Schedule A of this Agreement and
otherwise in accordance with the terms of the Plan.

     (b) The Administrator has sole authority to determine whether and to what degree the
Award has been earned and vested and to interpret the terms and conditions of this Agreement
and the Plan.

     7. Effect of Termination of Employment; Forfeiture of Award. Except as may be
otherwise provided in the Plan or the Agreement, in the event that the employment or service of the
Participant is terminated for any reason and the Award has not been earned and vested pursuant to
the terms of this Agreement, then the Award, to the extent not earned and vested as of the
Participant’s termination date, shall be forfeited immediately upon such termination, and the
Participant shall have no further rights with respect to the Award or the Shares underlying that
portion of the Award that has not yet been earned and vested. The Participant expressly
acknowledges and agrees that the termination of his employment or service shall (except as may
otherwise be provided in the Agreement or the Plan) result in forfeiture of the Award and the
Shares to the extent the Award has not been earned and vested as of the date of his termination of
employment or service.

     8. Settlement of Award. The Award, if earned and vested in accordance with the terms
of the Agreement, shall be payable in whole shares of Common Stock. A certificate or certificates
for Shares subject to the Award shall be issued in the name of the Participant (or his beneficiary)
as soon as practicable after, and only to the extent that, the Award (or portion thereof) has
vested.

     9. No Right of Continued Employment or Service. Nothing contained in this Agreement
or the Plan shall confer upon the Participant any right to continue in the employment or service of
the Corporation or a related entity or to interfere in any way with the right of the Corporation or
a related entity to terminate the Participant’s employment or service at any time. Except as
otherwise expressly provided in the Plan and this Agreement (including but not limited to Schedule
A), all rights of the Participant under the Plan with respect to the unearned or unvested portion
of his Award shall terminate upon the termination of employment or service of the Participant with
the Corporation or a related entity.

     10. Nontransferability of Award and Shares. The Award shall not be transferable
(including by sale, assignment, pledge or hypothecation) other than by will or the laws of
intestate succession. The designation of a beneficiary does not constitute a transfer. The
Participant shall not sell, transfer, assign, pledge or otherwise encumber the Shares subject to
the Award until all conditions to vesting have been met.

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     11. Withholding; Tax Consequences.

     (a) The Participant acknowledges that the Corporation shall require the Participant to
pay the Corporation the amount of any federal, state, local, foreign or other tax or other
amount required by any governmental authority to be withheld and paid over by the
Corporation to such authority for the account of the Participant, and the Participant
agrees, as a condition to the grant of the Award, to satisfy such obligations. Without
limiting the effect of the foregoing, the Participant understands and agrees that the
Administrator may delay the vesting of the Award (or portion thereof) and the issuance of
the underlying Shares in order to comply with applicable federal, state, local, foreign or
other tax and securities laws, rules and regulations or applicable policies of the
Corporation implemented to ensure compliance with such laws (including but not limited to
insider trading provisions and the Corporation’s insider trading policy); provided, however,
that any such delay in vesting of the Award or issuance of Shares shall not apply to any
Shares subject to an effective Rule 10b5-1 trading plan.

     (b) The Participant acknowledges that the Corporation has made no warranties or
representations to the Participant with respect to the tax consequences (including but not
limited to income tax consequences) with respect to the transactions contemplated by this
Agreement, and the Participant is in no manner relying on the Corporation or its
representatives for an assessment of such tax consequences. The Participant acknowledges
that there may be adverse tax consequences upon the grant of the Award and/or the
acquisition or disposition of the Shares subject to the Award and that the Participant has
been advised that he should consult with his own attorney, accountant and/or tax advisor
regarding the decision to enter into this Agreement and the consequences thereof. The
Participant also acknowledges that the Corporation has no responsibility to take or refrain
from taking any actions in order to achieve a certain tax result for the Participant.

     12. Administration. The authority to construe and interpret this Agreement and the
Plan, and to administer all aspects of the Plan, shall be vested in the Administrator, and the
Administrator shall have all powers with respect to this Agreement as are provided in the Plan.
Any interpretation of the Agreement by the Administrator and any decision made by it with respect
to the Agreement is final and binding.

     13. Superseding Agreement; Binding Effect. This Agreement supersedes any statements,
representations or agreements of the Corporation with respect to the grant of the Award or any
related rights, and the Participant hereby waives any rights or claims related to any such
statements, representations or agreements. Except as may be otherwise provided in Section 18 of
the Plan, this Agreement does not supersede or amend any existing Change in Control Agreement,
Inventions, Confidentiality and Nonsolicitations Agreement, Employment Agreement or any other
similar agreement between the Participant and the Company, including, but not limited to, any
restrictive covenants contained in such agreements. This Agreement shall be binding upon and shall
inure to the benefit of the parties hereto and their respective executors, administrators,
next-of-kin, successors and assigns.

     14. Governing Law. Except as otherwise provided in the Plan or herein, this Agreement
shall be construed and enforced according to the laws of the State of North Carolina, without
regard to the conflict of laws provisions of any state, and in accordance with applicable federal
laws of the United States.

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     15. Amendment and Termination; Waiver. Subject to the terms of the Plan and this
Agreement, this Agreement may be modified or amended only by the written agreement of the parties
hereto. Notwithstanding the foregoing, the Administrator shall have unilateral authority to amend
the Agreement (without Participant consent) to the extent necessary to comply with applicable law
or changes to applicable law (including but not limited to Code Section 409A). The waiver by the
Corporation of a breach of any provision of the Agreement by the Participant shall not operate or
be construed as a waiver of any subsequent breach by the Participant.

     16. Notices. Except as may be otherwise provided by the Plan, any written notices
provided for in this Agreement or the Plan shall be in writing and shall be deemed sufficiently
given if either hand delivered or if sent by fax or overnight courier, or by postage paid first
class mail. Notices sent by mail shall be deemed received three business days after mailed but in
no event later than the date of actual receipt. Notice may also be provided by electronic
submission, if and to the extent permitted by the Administrator. Notices shall be directed, if to
the Participant, at the Participant’s address indicated by the Corporation’s records, or if to the
Corporation, at the Corporation’s principal office, attention Treasurer, RF Micro Devices, Inc.

     17. Severability. The provisions of this Agreement are severable and if any one or
more provisions may be determined to be illegal or otherwise unenforceable, in whole or in part,
the remaining provisions shall nevertheless be binding and enforceable.

     18. Restrictions on Award and Shares. The Corporation may impose such restrictions on
the Award and any Shares issued pursuant to the Award as it may deem advisable, including without
limitation restrictions under the federal securities laws, the requirements of any stock exchange
or similar organization and any blue sky or state securities laws applicable to such Award or
Shares. Notwithstanding any other provision in the Plan or the Agreement to the contrary, the
Corporation shall not be obligated to issue, deliver or transfer shares of Common Stock, to make
any other distribution of benefits, or to take any other action, unless such delivery, distribution
or action is in compliance with all applicable laws, rules and regulations (including but not
limited to the requirements of the Securities Act). The Corporation may cause a restrictive legend
to be placed on any certificate for Shares issued pursuant to the Award in such form as may be
prescribed from time to time by applicable laws and regulations or as may be advised by legal
counsel. The Administrator may delay the right to receive or dispose of shares of Common Stock (or
other benefits) upon settlement of the Award at any time if the Administrator determines that
allowing issuance of shares of Common Stock (or distribution of other benefits) would violate any
federal, state or foreign securities laws or applicable policies of the Corporation, and the
Administrator may provide in its discretion that any time periods to receive shares of Common Stock
(or other benefits) subject to the Award are tolled or extended during a period of suspension or
delay; provided, however, that any such delay, suspension, tolling or extension shall not apply to
any Shares subject to an effective Rule 10b5-b trading plan.

     19. Counterparts; Further Instruments. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument. The parties hereto agree to execute such further instruments and to
take such further action as may be reasonably necessary to carry out the purposes and intent of
this Agreement.

[Signature Page to Follow]

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     IN WITNESS WHEREOF, this Agreement has been executed on behalf of the Corporation and by the
Participant effective as of the Effective Date stated on page one of this Agreement.

	 	 	 	 	 
	 

	 	RF MICRO DEVICES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Robert A. Bruggeworth

President and Chief Executive Officer
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	 	 
	William Priddy

Secretary & Chief Financial Officer
	 	 	 	 

[Signature page of Participant to follow on Schedule A/Grant Letter]

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2003 Stock Incentive Plan of RF Micro Devices, Inc.

Restricted Stock Unit Agreement

(Performance-Based and Service-Based Award)

Schedule A/Grant Letter

     1. Award Opportunity.

     (a) Pursuant to the terms and conditions of the Corporation’s 2003 Stock Incentive
Plan, as amended (the “Plan”), you (the “Participant”) are eligible to be granted an of
restricted stock units (the “Award”) for that number of Shares (the “Shares”) of Common
Stock as may be determined pursuant to Section 1 herein.

     (b) No Award will be granted unless at least two of the Performance Objectives are met
during the Performance Period. If two of the Performance Objectives are met, the
Participant shall be granted an Award for the Threshold number of shares (50% of Target).
If three of the Performance Objectives are met, the Participant shall be granted an Award
for 75% of the Target number of shares. If four of the Performance Objectives are met, the
Participant shall be granted an Award for 100% of the Target number of shares. If five of
the Performance Objectives are met, the Participant shall be granted an Award for 125% of
the Target number of shares. If all six of the Performance Objectives are met, the
Participant shall be granted an Award for the Maximum number of shares (150% of Target). The
Award shall not be granted until following the end of the Performance Period and then only
if the terms and conditions described in the Agreement have been met. The actual number of
shares which may be subject to the Award shall be as provided in Section 1(c), below.

     (c) Number of Shares Potentially Subject to Award:

	 	 	 	 	 
	Threshold Number of Shares (50% of Target):

	 	 	 	 
	75% of Target:
	 	 	 	 
	Target Number of Shares (100% of Target):
	 	 	 	 
	125% of Target:
	 	 	 	 
	Maximum Number of Shares (150% of Target):
	 	 	 	 

     (d) The Performance Objectives must be met, if at all, during the Performance Period.
The Administrator has sole discretion to determine if, and to what extent, any or all
Performance Objectives are met and to interpret the other terms and conditions of this
Agreement.

     2. Performance Objectives. The Performance Objectives for the Performance Period
applicable to the Participant pursuant to this Agreement are as follows:

     3. Vesting of Award. If the Award is granted in accordance into this Agreement, the
Award shall vest as follows:

     (i) The Award shall be deemed vested with respect to fifty percent (50%) of the
Shares subject to the Award on the Award Date, subject to the continued employment or
service of the Participant with the Corporation or a related entity through such
vesting date;

A-1

 

     (ii) The Award shall be deemed vested with respect to an additional twenty-five
percent (25%) (for a total of seventy-five percent (75%)) of the Shares subject to
the Award on the first anniversary of the Award Date, subject to the continued
employment or service of the Participant with the Corporation or a related entity
through such vesting date; and

     (iii) The Award shall be deemed vested with respect to an additional twenty-five
percent (25%) (for a total of one hundred percent (100%)) of the Shares subject to
the Award on the second anniversary of the Award Date, subject to the continued
employment or service of the Participant with the Corporation or a related entity
through such vesting date.

     By my signature below, I, the Participant, hereby acknowledge receipt of this Grant Letter and
the Restricted Stock Award Agreement (the “Agreement”) effective as of ____________, between the
Participant and the Corporation which is attached to this Grant Letter. I understand that the
Grant Letter and other provisions of Schedule A herein are incorporated by reference into the
Agreement and constitute a part of the Agreement. By my signature below, I further agree to be
bound by the terms of the Plan and the Agreement, including but not limited to the terms of this
Grant Letter and the other provisions of Schedule A contained herein. The Corporation reserves the
right to treat the Award and the Agreement as cancelled, void and of no effect if the Participant
fails to return a signed copy of the Grant Letter within 30 days of receipt.

	 	 	 	 	 	 	 
	Signature:

	 	 	 	Date:	 	 
	 

	 	 
	 	 	 	 

Note: If there are any discrepancies in the name shown above, please make the appropriate
corrections on this form and return to Todd Bender, RF Micro Devices, Inc., 7628 Thorndike Road,
Greensboro, NC 27409-9421. Please retain a copy of the Agreement, including this Grant Letter, for
your files.

A-2exv4w1

	 	 	 	 	 

Exhibit 4.1

AMENDMENT

TO

RIGHTS AGREEMENT

     This AMENDMENT TO THE RIGHTS AGREEMENT (this “Amendment”) is entered into as of the 28th day
of May, 2010, between PHH Corporation, a Maryland corporation (the “Company”), and The Bank of New
York Mellon (formerly known as “The Bank of New York”), a New York banking corporation, (the
“Rights Agent”). Capitalized terms used herein and not defined shall have the meanings specified
in the Rights Agreement (as defined below).

RECITALS

     WHEREAS, pursuant to that certain Rights Agreement dated as of January 28, 2005 between the
Company and The Bank of New York (the “Rights Agreement”), the Board of Directors of the Company
(the “Board”) on January 27, 2005 (i) authorized and declared a dividend distribution of one right
(a “Right”) for each share of the common stock, par value $0.01 per share, of the Company (the
“Common Stock”) outstanding immediately following the distribution on January 31, 2005 by Cendant
Corporation (“Cendant”) to its stockholders of all the outstanding shares of Common Stock, each
Right representing the right to purchase one one-hundredth (0.01) of a share of Series A Junior
Participating Preferred Stock of the Company upon the terms and subject to the conditions set forth
in the Rights Agreement, and (ii) further authorized the issuance of one Right with respect to each
share of Common Stock that shall become outstanding between the Record Date and the earlier of the
Distribution Date and the Expiration Date (as such terms are defined in the Rights Agreement) and
in certain circumstances after the Distribution Date;

     WHEREAS, pursuant to Section 27 of the Rights Agreement, prior to the occurrence of a
Distribution Date, the Company may amend any provision of the Rights Agreement;

     WHEREAS, to the knowledge of the Board, there has been no occurrence of the Distribution Date;

     WHEREAS, the Company has requested that the Rights Agreement be amended in accordance with
Section 27 of the Rights Agreement, to amend the Final Expiration Date to be May 28, 2010, as set
forth herein, and the Rights Agent is willing to amend the Rights Agreement, as set forth herein;

     WHEREAS, the Company has delivered an appropriate certificate as described in Section 27 of
the Rights Agreement to the Rights Agent;

     WHEREAS, all capitalized terms not otherwise defined herein shall have the meanings ascribed
to such terms in the Rights Agreement.

     NOW, THEREFORE, in consideration of the promises and mutual agreements set forth herein, and
for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and intending to be legally bound, the Company and the Rights Agent
hereby agree as follows:

 

 

1. Expiration Date.

     Section 7(a) of the Rights Agreement is hereby amended to read in its entirety as follows:

Subject to Section 7(e) hereof, at any time after the Distribution Date the
registered holder of any Rights Certificate may exercise the Rights evidenced
thereby (except as otherwise provided herein including, without limitation, the
restrictions on exercisability set forth in Section 9(c), Section 11(a)(iii),
Section 23 and Section 24(a) hereof) in whole or in part upon surrender of the
Rights Certificate, with the form of election to purchase and the certificate
contained therein duly executed, to the Rights Agent at the principal office or
offices of the Rights Agent designated for such purpose, together with payment of
the aggregate Purchase Price with respect to the total number of one
one-hundredths of a share of Preferred Stock (or following the occurrence of a
Triggering Event, Common Stock, other securities, cash or other assets, as the
case may be) as to which such surrendered Rights are then exercisable, at or prior
to the earlier of (i) 5:00 P.M., New York City time, on May 28, 2010 (such time
and date, as it may be extended by the Board, the “Final Expiration Date”) or (ii)
the time at which all of the Rights are redeemed or exchanged as provided in
Section 23 or Section 24 hereof, respectively (the earliest of (i) or (ii) being
herein referred to as the “Expiration Date”).

2. Section 26.

     Section 26 is amended by replacing the address of the Rights Agent with the following address:

BNY Mellon Shareowner Services

480 Washington Blvd.

Jersey City, New Jersey 07310

Attention: Relationship Manager

with a copy to:

Mellon Investor Services LLC

Newport Office Center VII

480 Washington Blvd.

Jersey City, New Jersey 07310

Attention: Legal Department

3. Severability.

     If any term, provision, covenant or restriction of this Amendment is held by a court of
competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of
the terms, provisions, covenants and restrictions of this Amendment shall remain in full force and
effect and shall in no way be affected, impaired or invalidated; provided, however, that, if

2

 

such excluded provision shall affect the rights, immunities, duties or obligations of the
Rights Agent hereunder, the Rights Agent shall be entitled to resign immediately.

4. Governing Law.

     This Amendment shall be deemed to be a contract made under the laws of the State of Maryland
(excluding the choice of law provisions) and for all purposes shall be governed by and construed in
accordance with the laws of such State applicable to contracts made and to be performed entirely
within such State; provided, however, that the rights and obligations of the Rights Agent shall be
governed by and construed in accordance with the laws of the State of New York.

5. Counterparts.

     This Amendment may be executed in any number of counterparts and each of such counterparts
shall for all purposes be deemed to be an original, and all such counterparts shall together
constitute but one and the same instrument.

6. Effect of Amendment.

     Except as expressly modified herein, the Rights Agreement shall remain in full force and
effect.

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
their respective corporate seals to be hereunto affixed and attested, all as of the day and year
first above written.

	 	 	 	 	 
	Attest: 	 PHH CORPORATION

 	 
	 	By:  	/s/ William F. Brown
 	 
	 	 	William F. Brown 	 
	 	 	Senior Vice President, General Counsel
and Corporate Secretary 	 
	 
	Attest: 	 THE BANK OF NEW YORK MELLON

 	 
	 	By:  	/s/ Christopher T. Coleman
 	 
	 	 	Christopher T. Coleman 	 
	 	 	Vice President

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