Document:

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                                                                    EXHIBIT 10.1

                         COMMON STOCK PURCHASE AGREEMENT

         This COMMON STOCK PURCHASE AGREEMENT (this "AGREEMENT") is dated as of
May 23, 2003 by and between Coeur d'Alene Mines Corporation, a Idaho corporation
(the "COMPANY"), and SF Capital Partners, Ltd., a British Virgin Islands
corporation (the "PURCHASER").

         The parties hereto agree as follows:

                                   ARTICLE I

                                   DEFINITIONS

         Section 1.1. Certain Definitions.

                  (a) "Business Day" shall mean any day (other than a Saturday
or Sunday) on which banks are generally open in the State of New York for
ordinary business.

                  (b) "Company Registration Statement" means the Registration
Statement, including the Prospectus, amendments and supplements to the
Registration Statement or Prospectus, including pre- and post-effective
amendments, all exhibits thereto, and all material and exhibits incorporated by
reference or deemed to be incorporated by reference in such registration
statement.

                  (c) "Exchange Act" shall mean the Securities Exchange Act of
1934, as amended, and the rules and regulations promulgated thereunder.

                  (d) "Material Adverse Effect" shall mean any effect on the
business, operations, properties or financial condition of the Company that is
material and adverse to the Company.

                  (e) "Person" means any court or other federal, state, local or
other governmental authority or other individual or corporation, partnership,
trust, incorporated or unincorporated association, joint venture, limited
liability company, joint stock company, government (or an agency or subdivision
thereof) or other entity of any kind.

                  (f) "Principal Market" shall mean initially the New York Stock
Exchange, and shall include the Nasdaq National Market, the Nasdaq SmallCap
Market or the American Stock Exchange if the Company becomes listed and trades
on any such market or exchange after the date hereof.

                  (g) "Prospectus" shall mean the base prospectus contained in
the Registration Statement and each prospectus supplement relating to the Common
Stock to be purchased pursuant to this Agreement filed pursuant to Rule 424(b)
under the Securities Act and

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all other amendments and supplements to the Prospectus, including post-effective
amendments, and all material or exhibits incorporated by reference or deemed to
be incorporated by reference in the Prospectus.

                  (h) "Purchase Price" shall be $9,999,999.63.

                  (i) "Registration Statement" shall mean the registration
statement on Form S-3 under the Securities Act filed with the SEC, File No.
333-101434, registering for sale pursuant to Rule 415 promulgated under the
Securities Act, among other things, securities of the Company in an amount not
to exceed $125,000,000, to be sold by the Company, including the filings with
the SEC pursuant to the Exchange Act.

                  (j) "SEC" shall mean the United States Securities and Exchange
Commission.

                  (k) "SEC Documents" shall mean all Exchange Act reports
incorporated by reference in the Registration Statement.

                  (l) "Securities Act" shall mean the Securities Act of 1933, as
amended, and the rules and regulations promulgated thereunder.

                                   ARTICLE II

                        PURCHASE AND SALE OF COMMON STOCK

         Section 2.1. Purchase and Sale of Stock. Subject to the terms and
conditions of this Agreement, on the date hereof the Company will issue and sell
to the Purchaser, and the Purchaser shall purchase from the Company, Eight
Million One Hundred Thirty Thousand and Eighty One (8,130,081) shares (the
"INITIAL SHARES") of the Company's Common Stock, $1.00 par value per share (the
"COMMON STOCK"), for the Purchase Price.

         Section 2.2. Closing. Upon execution hereof by Purchaser, (i) the
Purchaser shall deliver to the Company the Purchase Price by wire transfer of
immediately available funds in accordance with the Company's written wire
instructions, and (ii) the Company shall: (A) cause the Initial Shares to be
electronically delivered to The Depository Trust Company on the Purchaser's
behalf, registered in the name of the Purchaser as set forth on the signature
page hereto and (B) file with the SEC a prospectus supplement to the Company
Registration Statement, in agreed form, in order to evidence and disclose the
offer and sale of the Initial Shares issued hereunder and the offer and sale, if
any, of the Additional Shares.

         Section 2.3. Additional Shares. On the basis of the representations and
warranties in this Agreement, and subject to its terms and conditions, the
Company agrees to sell to the Purchaser up to 1,219,512 additional shares of the
Common Stock (the "ADDITIONAL SHARES" and together with the Initial Shares, the
"Shares") at a purchase price of $1.23 per each Additional Share (subject to
equitable adjustment for stock splits, recombinations and similar

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events, the "ADDITIONAL PURCHASE PRICE PER SHARE"), and the Purchaser shall have
a one-time right (but not the obligation) to purchase any or all of the
Additional Shares. The Purchaser shall notify the Company in writing not later
than 30 days after the date of this Agreement if it elects to purchase any
Additional Shares (the "ELECTION NOTICE"). On the 3rd Business Day following the
Company's receipt of the Election Notice (the "ADDITIONAL CLOSING DATE"), (i)
the Purchaser shall deliver to the Company the aggregate gross proceeds for the
Additional Shares to be issued and sold to Purchaser by wire transfer of
immediately available funds in accordance with the Company's written wire
instructions, and (ii) the Company shall cause the Additional Shares to be
issued and sold to Purchaser to be electronically delivered to The Depository
Trust Company on the Purchaser's behalf, registered in the name of the Purchaser
as set forth on the signature page hereto. The representations and warranties of
the Company contained in this Agreement shall be true and correct as of the
Additional Closing Date, as though made on and as of such date (other than
representations and warranties which relate to a specific date (which shall not
include representations and warranties relating to the "date hereof") which
representations and warranties shall be true as of such specific date). The
Purchaser's option to purchase Additional Shares shall expire at 5:00 p.m. New
York City time on the 30th day after the date of this Agreement if the Company
does not receive an Election Notice prior to such time.

                                  ARTICLE III

                    REPRESENTATIONS, WARRANTIES AND COVENANTS

         Section 3.1. Representations and Warranties of the Company. The Company
hereby makes the following representations and warranties to the Purchaser:

                  (a) Organization, Good Standing and Power. The Company is a
corporation duly incorporated validly existing and in good standing under the
laws of the State of Idaho and has all requisite corporate authority to own,
lease and operate its properties and assets and to carry on its business as now
being conducted. The Company is duly qualified to do business and is in good
standing as a foreign corporation in every jurisdiction in which the nature of
the business conducted or property owned by it makes such qualification
necessary, other than those in which the failure so to qualify would not have a
Material Adverse Effect.

                  (b) Authorization, Enforceability. (i) The Company has the
requisite corporate power and corporate authority to enter into and perform its
obligations under this Agreement and to issue the Shares, (ii) the execution,
issuance and delivery of this Agreement by the Company and the consummation by
it of the transactions contemplated hereby have been duly authorized by all
necessary corporate action and no further consent or authorization of the
Company or its Board of Directors or stockholders is required, and (iii) this
Agreement has been duly executed and delivered by the Company and constitutes
the valid and binding obligation of the Company enforceable against the Company
in accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium, liquidation,
conservatorship, receivership or similar laws relating to, or affecting
generally the

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enforcement of, creditors' rights and remedies or by other equitable principles
of general application.

                  (c) Issuance of Shares. The Shares to be issued under this
Agreement have been duly authorized by all necessary corporate action and, when
paid for and issued in accordance with the terms hereof, the Shares will be
validly issued and outstanding, fully paid and non-assessable, and the Purchaser
shall be entitled to all rights accorded to a holder of Common Stock.

                  (d) No Conflicts. The execution, delivery and performance of
this Agreement by the Company and the consummation by the Company of the
transactions contemplated herein do not (i) violate any provision of the
Company's certificate of incorporation or bylaws as in effect on the date
hereof, (ii) conflict with, or constitute a default (or an event which with
notice or lapse of time or both would become a default) under, or give to others
any rights of termination, amendment, acceleration or cancellation of, or any
liens under, any agreement, indenture, note or bond to which the Company is a
party, or (iii) result in a violation of any federal, state or local statute,
rule, regulation, order, judgment or decree (including any federal or state
securities laws and regulations) applicable to the Company or by which any
property or asset of the Company is bound or affected, except, in all cases as
set forth in clauses (ii)-(iii) above, for such conflicts, defaults,
termination, amendments, accelerations, cancellations, liens and violations
which would not, individually or in the aggregate, have a Material Adverse
Effect. There are no notices to or approvals or consents required to be made by
the Company of the Principal Market, the SEC or any other Person that have not
been made and obtained (and any so obtained are in full force and effect).

                  (e) SEC Documents. The Common Stock is registered pursuant to
Section 12(b) or Section 12(g) of the Exchange Act, and, except as disclosed in
the SEC Documents or as would not have a Material Adverse Effect, the Company
has timely filed all reports, schedules, forms, statements and other documents
required to be filed by it with the SEC pursuant to the reporting requirements
of the Exchange Act at least since December 31, 2001. As of their respective
dates, the SEC Documents complied in all material respects with the requirements
of the Securities Act and the Exchange Act and the rules and regulations of the
SEC promulgated thereunder, and none of the SEC Documents, when filed, contained
any untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not
misleading. The financial statements of the Company included in the SEC
Documents comply in all material respects with applicable accounting
requirements and the rules and regulations of the SEC with respect thereto as in
effect at the time of filing. Such financial statements have been prepared in
accordance with generally accepted accounting principles applied on a consistent
basis during the periods involved, except as may be otherwise specified in such
financial statements or the notes thereto, and fairly present in all material
respects the financial position of the Company and its consolidated subsidiaries
as of and for the dates thereof and the results of operations and cash flows for
the periods then ended, subject, in the case of unaudited statements, to normal
year-end audit adjustments.

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                  (f) Company Registration Statement. The Company Registration
Statement is effective and the Company has not received notice that the SEC has
issued or intends to issue a stop order with respect to the Company Registration
Statement or that the SEC otherwise has suspended or withdrawn the effectiveness
of the Company Registration Statement, either temporarily or permanently, or
intends or has threatened in writing to do so. The Company Registration
Statement, at the time it was first declared effective, on the date of this
Agreement, and on the Additional Closing Date (if any), did not, does not, and
will not contain any untrue statement of material fact or omit to state any
material fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances under which they were made, not
misleading. The Company Registration Statement complies and, as amended or
supplemented, if applicable, will comply in all material respects with the
Securities Act and the applicable rules and regulations of the SEC thereunder.
Notwithstanding the foregoing, the Company makes no representations or
warranties as to the information contained in or omitted from the Registration
Statement or the Prospectus in reliance upon and in conformity with any
information furnished in writing to the Company by the Purchaser specifically
for inclusion in the Registration Statement or the Prospectus. The Shares are
registered under the Securities Act by the Registration Statement.

                  (g) Certain Fees. No fees or commissions (other than legal
fees and expenses) will be payable by the Company to any broker, financial
advisor or consultant, finder, placement agent, investment banker, bank or other
Person with respect to the transactions contemplated by this Agreement. The
Purchaser will have no obligation with respect to any fees incurred by the
Company or any other Person or with respect to any claims made by or on behalf
of other Persons for fees of a type contemplated in this Section that may be due
in connection with the transactions contemplated by this Agreement. The Company
will indemnify and hold harmless the Purchaser, its employees, officers,
directors, agents, partners, and affiliates, from and against all claims,
losses, damages, costs (including the costs of preparation and reasonable
attorney's fees) and expenses suffered in respect of any such claimed or
existing fees incurred by the Company or any other Person, as such fees and
expenses are incurred.

                  (h) Disclosure. Neither the Company nor any other Person
acting on its behalf has provided the Purchaser or its agents or counsel with
any information that constitutes or may, in the Company's opinion, constitute
material non-public information.

         Section 3.2. Covenants of the Company. The Company hereby covenants and
agrees that, without the prior written consent of the Purchaser, it will not,
during the period commencing on the date hereof and ending 90 days after the
date hereof, (1) offer, pledge, sell, contract to sell, sell any option or
contract to purchase, purchase any option or contract to sell, grant any option,
right or warrant to purchase, lend or otherwise transfer or dispose of, directly
or indirectly, any shares of Common Stock or any securities convertible into or
exercisable or exchangeable for Common Stock or (2) enter into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of Common Stock, whether any such transaction
described in clause (1) or (2) above is to be settled by delivery of Common
Stock or such other securities, in cash or otherwise. The foregoing sentence
shall not apply to (a) the sale of the Shares or any Additional Shares to the
Purchaser pursuant to this

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Agreement, (b) the issuance by the Company of shares of Common Stock upon the
exercise of an employee stock option or pursuant to an employee stock purchase
program, (c) the award or grant of employee stock options, (d) the issuance by
the Company of shares of Common Stock upon the exercise or conversion of any
option, warrant, convertible security or instrument or other agreement
outstanding on the date hereof, or (e) the issuance or conversion by the Company
of shares of Common Stock in connection with any strategic merger, acquisition,
partnership or joint venture.

         Section 3.3. Representations and Warranties of the Purchaser. The
Purchaser hereby makes the following representations and warranties to the
Company:

                  (a) Organization and Standing of the Purchaser. The Purchaser
is a corporation duly organized, validly existing and in good standing under the
laws of the British Virgin Islands.

                  (b) Authorization and Power. The Purchaser has the requisite
corporate power and corporate authority to enter into and perform this Agreement
and to purchase the Shares being sold to it hereunder. This Agreement has been
duly executed and delivered by the Purchaser and constitutes the valid and
binding obligation of the Purchaser enforceable against the Purchaser in
accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium, liquidation,
conservatorship, receivership or similar laws relating to, or affecting
generally the enforcement of, creditors' rights and remedies or by other
equitable principles of general application.

                  (c) No Conflicts. The execution, delivery and performance of
this Agreement and the consummation by the Purchaser of the transactions
contemplated hereby or relating hereto do not and will not (i) result in a
violation of Purchaser's charter documents or bylaws or (ii) conflict with, or
constitute a default (or an event which with notice or lapse of time or both
would become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of any agreement, indenture or
instrument to which the Purchaser is a party, or result in a violation of any
law, rule, or regulation, or any order, judgment or decree of any court or
governmental agency applicable to the Purchaser or its properties (except for
such conflicts, defaults and violations as could not, individually or in the
aggregate, have a material adverse effect on the business, operations,
properties or financial condition of the Purchaser). The Purchaser is not
required to obtain any consent, authorization or order of, or make any filing or
registration with, any court or governmental agency in order for it to execute,
deliver or perform any of its obligations under this Agreement or to purchase
the Shares in accordance with the terms hereof.

                  (d) Information. The Purchaser and its advisors, if any, have
been furnished with all materials relating to the business, finances and
operations of the Company and materials relating to the offer and sale of the
Shares which have been requested by the Purchaser and the Purchaser and its
advisors, if any, have been afforded the opportunity to ask questions of the
Company. The Purchaser understands that its investment in the Shares involves a
high degree of risk. The Purchaser has sought such accounting, legal and tax
advice as it has considered necessary to make an informed decision with respect
to its acquisition of the Shares.

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Furthermore, the Purchaser hereby acknowledges receipt of the Prospectus, a copy
of which is attached hereto as Exhibit A.

                  (e) No Governmental Review. The Purchaser understands that no
United States federal or state agency or any other government or governmental
agency has passed on or made any recommendation or endorsement of the Shares or
the fairness or suitability of the investment in the Shares nor have such
authorities passed upon or endorsed the merits of the offering of the Shares.

         Section 3.4. Covenants of the Purchaser. The Purchaser covenants with
the Company as follows: The Purchaser's trading and distribution activities with
respect to the Shares will be in compliance with all applicable state and
federal securities laws, rules and regulations (including, without limitation,
Regulation M) and the rules and regulations of the New York Stock Exchange.
Neither the Purchaser nor any of its affiliates (as that term is defined in Rule
405 promulgated under the Securities Act) has taken, nor will any of them take,
directly or indirectly, any action designed to cause or that would result in, or
which constitutes or that might reasonably be expected to constitute, the
stabilization or manipulation of the price of the Common Stock to facilitate the
sale or resale of the Common Stock.

         Section 3.5. Certain Disclosures. The Company will not and will use its
best efforts to cause each of its affiliates and other Persons acting on behalf
of the Company not to divulge to the Purchaser any information that it believes
to be material non-public information unless the Purchaser has agreed in writing
to receive such information prior to such divulgence. Neither the Company nor
the Purchaser will issue any press release or make any other public announcement
relating to this Agreement unless the form thereof is mutually agreed to by the
Company and the Purchaser, or if the Company is advised by its counsel that such
press release or public announcement is required by law.

         Section 3.6. Indemnification. The Company will indemnify the Purchaser
as provided in Exhibit B attached hereto against liability with respect to the
Company Registration Statement (including, without limitation, the prospectus
supplement) relating to the Shares sold by the Company to the Purchaser
hereunder. For purposes of said Exhibit B, capitalized terms used therein
without definition shall have the same meanings therein as are ascribed to said
terms in this Agreement.

                                   ARTICLE IV

                                  MISCELLANEOUS

         Section 4.1. Specific Enforcement. The Company and the Purchaser
acknowledge and agree that irreparable damage would occur in the event that any
of the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached. It is accordingly agreed that the
parties shall be entitled to an injunction or injunctions to prevent or cure
breaches of the provisions of this Agreement and to enforce

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specifically the terms and provisions hereof or thereof, this being in addition
to any other remedy to which any of them may be entitled by law or equity.

         Section 4.2. Entire Agreement; Amendment. This Agreement contains the
entire understanding of the parties with respect to the matters covered hereby
and, except as specifically set forth herein, neither the Company nor the
Purchaser makes any representations, warranty, covenant or undertaking with
respect to such matters. No provision of this Agreement may be waived or amended
other than by a written instrument signed by the party against whom enforcement
of any such amendment or waiver is sought.

         Section 4.3. Notices. Any notice, demand, request, waiver or other
communication required or permitted to be given hereunder shall be in writing
and shall be effective (a) upon hand delivery or facsimile at the address or
number designated below (if delivered on a business day during normal business
hours where such notice is to be received), or the first business day following
such delivery (if delivered other than on a business day during normal business
hours where such notice is to be received) or (b) on the second business day
following the date of mailing by express courier service, fully prepaid,
addressed to such address, or upon actual receipt of such mailing, whichever
shall first occur. The addresses for such communications shall be:

<TABLE>
<S>                                         <C>
If to the Company:                          Coeur d'Alene Mines Corporation
                                            400 Coeur d'Alene Mines Building
                                            505 Front Avenue
                                            Coeur d'Alene, Idaho  83814
                                            Attn: Chief Financial Officer
                                            Facsimile: (208) 667-2213

With copies to:                             Gibson Dunn & Crutcher LLP
(which shall not                            2029 Century Park East
constitute notice):                         Suite 4000
                                            Los Angeles, CA 90067

                                            Attn: Timothy J. Hart, Esq.
                                            Facsimile: (310) 551-8741

If to the Purchaser:                        SF Capital Partners, Ltd.
                                            c/o Staro Asset Management, LLC
                                            3600 South Lake Drive
                                            St. Francis, WI  53235
                                            Attn: Brian H. Davidson
                                            Facsimile: (414) 292-7700

With copies to:                             Bryan Cave LLP
(which shall not                            1290 Avenue of the Americas
constitute notice):                         New York, NY  10104
                                            Attn: Eric L. Cohen, Esq.
                                            Facsimile: (212) 541-4630 & (212) 541-1432
</TABLE>

<PAGE>

         Any party hereto may from time to time change its address for notices
by giving written notice of such changed address to the other party hereto in
accordance herewith.

         Section 4.4. Waivers. No waiver by either party of any default with
respect to any provision, condition or requirement of this Agreement shall be
deemed to be a continuing waiver in the future or a waiver of any other
provisions, condition or requirement hereof, nor shall any delay or omission of
any party to exercise any right hereunder in any manner impair the exercise of
any such right accruing to it thereafter.

         Section 4.5. Headings. The article, section and subsection headings in
this Agreement are for convenience only and shall not constitute a part of this
Agreement for any other purpose and shall not be deemed to limit or affect any
of the provisions hereof.

         Section 4.6. Successors and Assigns. This Agreement shall be binding
upon and inure to the benefit of the parties and their successors and assigns.
The parties hereto may not amend this Agreement or any rights or obligations
hereunder without the prior written consent of the Company and the Purchaser.

         Section 4.7. No Third Party Beneficiaries. This Agreement is intended
for the benefit of the parties hereto and their respective permitted successors
and assigns and is not for the benefit of, nor may any provision hereof be
enforced by, any other person.

         Section 4.8. Governing Law. This Agreement shall be governed by and
construed in accordance with the internal laws of the State of New York, without
giving effect to the choice of law provisions. The Company and the Purchaser
agree to submit itself to the in personam jurisdiction of the state and federal
courts situated within the Southern District of the State of New York with
regard to any controversy arising out of or relating to this Agreement.

         Section 4.9. Counterparts. This Agreement may be executed in any number
of counterparts, all of which taken together shall constitute one and the same
instrument and shall become effective when counterparts have been signed by each
party and delivered to the other parties hereto, it being understood that all
parties need not sign the same counterpart. Execution may be made by delivery by
facsimile.

         Section 4.10. Publicity. Neither the Company nor the Purchaser shall
issue any press release or otherwise make any public statement or announcement
with respect to this Agreement or the transactions contemplated hereby or the
existence of this Agreement unless in strict compliance with Rule 134 under the
Securities Act.

         Section 4.11. Severability. The provisions of this Agreement are
severable and, in the event that any court or officials of any regulatory agency
of competent jurisdiction shall

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determine that any one or more of the provisions or part of the provisions
contained in this Agreement shall, for any reason, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision or part of a provision of
this Agreement and this Agreement shall be reformed and construed as if such
invalid or illegal or unenforceable provision, or part of such provision, had
never been contained herein, so that such provisions would be valid, legal and
enforceable to the maximum extent possible, so long as such construction does
not materially adversely effect the economic rights of either party hereto.

         Section 4.12. Further Assurances. From and after the date of this
Agreement, upon the request of the Purchaser or the Company, each of the Company
and the Purchaser shall execute and deliver such instruments, documents and
other writings as may be reasonably necessary or desirable to confirm and carry
out and to effectuate fully the intent and purposes of this Agreement.

                            [signature page follows]

                                       10
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         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the date first above written.

                                       COEUR D'ALENE MINES CORPORATION

                                       By:          /s/ James A. Sabala
                                          --------------------------------------
                                          Name: James A. Sabala
                                          Title: Executive V.P. & Chief
                                                 Financial Officer

                                       SF CAPITAL PARTNERS, LTD.

                                       By:          /s/ Michael A. Roth
                                          --------------------------------------
                                          Name:   Michael A. Roth
                                          Title:  Authorized Signatory
<PAGE>
                                                                       EXHIBIT B

                            TERMS OF INDEMNIFICATION

         (a) Indemnification by the Company. The Company will indemnify and hold
harmless the Purchaser and the officers, directors, employees and agents of the
Purchaser, and each Person, if any, who controls the Purchaser within the
meaning of Section 15 of the Securities Act or Section 20(a) of the Securities
Exchange Act, as amended (the "Exchange Act"), from and against any losses,
claims, damages, liabilities, costs and expenses (including, without limitation,
reasonable costs of defense and investigation and all reasonable attorneys' fees
and expenses) to which the Purchaser and the officers, directors, employees and
agents of the Purchaser, and each Person, if any, who controls the Purchaser may
become subject, under the Securities Act or otherwise, insofar as such losses,
claims, damages, liabilities and expenses (or actions in respect thereof) arise
out of or are based upon: (i) any untrue statement or alleged untrue statement
of a material fact contained, or incorporated by reference, in the Company
Registration Statement, or (ii) the omission or alleged omission to state in the
Company Registration Statement a material fact required to be stated therein or
necessary to make the statements therein not misleading (an "Indemnifiable
Matter"). The Company will reimburse the Purchaser and the officers, directors,
employees and agents of the Purchaser and each such controlling Person promptly
upon demand for any legal or other costs or expenses reasonably incurred by the
Purchaser and the officers, directors, employees and agents of the Purchaser or
the controlling Person in investigating, defending against, or preparing to
defend against any claim relating to an Indemnifiable Matter, except that the
Company will not be liable to the extent such claim, suit or proceeding which
results in a loss, claim, damage, liability or expense arises out of, or is
based upon, an untrue statement, alleged untrue statement, omission or alleged
omission, included in the Company Registration Statement in reliance upon, and
in conformity with, written information furnished by the Purchaser to the
Company for inclusion in the Company Registration Statement.

         (b) Contribution. If for any reason the indemnification provided for in
this Agreement is not available to, or is not sufficient to hold harmless, an
indemnified party in respect of any loss, claim, damage, liability, cost or
expense referred to in Paragraph (a), each indemnifying party will, in lieu of
indemnifying the indemnified party, contribute to the amount paid or payable by
the indemnified party, contribute to the amount paid or payable by the
indemnified party as a result of the loss, claim, damage, liability, cost or
expense: (i) in the proportion which is appropriate to reflect the relative
benefits received by the indemnifying party, on the one hand, and by the
indemnified party, on the other hand, from the sale of stock which is the
subject of the claim, action, suit or proceeding which resulted in the loss,
claim, liability, cost or expense or (ii) if that allocation is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the
relative benefits of the sale of stock, but also the relative fault of the
indemnifying party and the indemnified party with respect to the statements or
omissions which are the subject of the claim, action, suit or proceeding that
resulted in the loss, claim, damage, liability, cost or expense as well as any
other relevant equitable considerations.1996 Stock Plan, as amended and restated

Exhibit 4.2 
 
LOGITECH INTERNATIONAL S.A. 
1996 STOCK PLAN 
(as amended and restated April 15, 2003)

 
1. Purposes of the Plan. The purposes
of this Stock Plan are: 
 

	 	•	 	to attract and retain the best available personnel for positions of substantial responsibility, 

 

	 	•	 	to provide additional incentive to Employees and Directors, and 

 

	 	•	 	to promote the success of the Company’s business. 

 
Options granted under the Plan may be structured, in the discretion of the Administrator, to qualify for preferential tax treatment
afforded by jurisdictions in which Options are granted. Stock Purchase Rights, SARs and Stock Units may also be granted under the Plan. 
 
2. Definitions. As used herein, the following definitions shall apply: 
 
(a) “Administrator” means the Board or any of its Committees as shall be administering the
Plan, in accordance with Section 4 of the Plan. 
 
(b) “Affiliate” means any entity other than a Subsidiary, if the Company and/or one or more Subsidiaries own not less than 50% of such entity. 
 
(c) “Applicable Laws” means the requirements relating to the administration of stock plans
under Swiss laws, U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where
Awards are, or will be, granted under the Plan. 
 
(d) “Award” means any award of an Option, an SAR, a Stock Purchase Right or a Stock Unit under the Plan. 
 
(e) “Award Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions
of an individual Award. The Award Agreement is subject to the terms and conditions of the Plan. 
 
(f) “Board” means the Board of Directors of the Company. 
 
(g) “Code” means the U.S. Internal Revenue Code of 1986, as amended. 
 
(h) “Committee” means a Committee appointed
by the Board in accordance with Section 4 of the Plan. 

 
(i)
“Company” means Logitech International S.A., a company incorporated under the laws of Switzerland. 
 
(j) “Director” means a member of the Board. 
 
(k) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the
Code. 
 
(l) “Employee” means any
person, including officers and Directors, employed by the Company or any Parent, Subsidiary or Affiliate of the Company. Neither service as a Director nor payment of a director’s fee by the Company shall be sufficient to constitute
“employment” by the Company. 
 
(m)
“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 
 
(n) “Fair Market Value” means, as of any date, the value of a Share determined as follows: 
 
(i) If the Shares are listed on any established stock exchange or a national market system, including without limitation The Nasdaq
National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, the Geneva Stock Exchange, the Zurich Stock Exchange or the Swiss Electronic Exchange, their Fair Market Value may be determined with reference to the closing sales price for
the Shares (or the closing bid, if no sales were reported) as quoted on any such exchange or system for the last market trading day prior to the time of determination, as reported in The Wall Street Journal or such other source as the Administrator
deems reliable; 
 
(ii) If the Shares are
regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of the Shares shall be the mean between the high bid and low asked prices for the Shares on the last market trading day prior to the day of
determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; and 
 
(iii) In the absence of an established market for the Shares, the Fair Market Value shall be determined in good faith by the
Administrator. 
 
(o) “Incentive Stock
Option” shall mean an option described in Section 422 of the Code. 
 
(p) “Nonstatutory Stock Option” shall mean an option not described in Section 422 of the Code. 
 
(q) “Notice of Grant” means a written notice evidencing certain terms and conditions of an individual Award. The Notice
of Grant is part of the Award Agreement. 
 
(r)
“Option” means a stock option granted pursuant to the Plan. 
 
(s) “Option Exchange Program” means a program whereby outstanding options are surrendered in exchange for options with a lower exercise price. 
 
(t) “Optioned Stock” means the Shares subject
to an Award. 
 
(u) “Optionee”
means an Employee or Director who holds an outstanding Option. 
 
(v) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code. 

 
(w)
“Participant” means an Employee or Director who holds an outstanding Award. 
 
(x) “Plan” means this 1996 Stock Plan. 
 
(y) “Restricted Stock” means Shares acquired pursuant to a grant of Stock Purchase Rights under Section 11 below.

 
(z) “Rule 16b-3” means Rule
16b-3 under the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan. 
 
(aa) “SAR” means a stock appreciation right granted under the Plan. 
 
(bb) “Section 16(b)” means Section 16(b) of
the Exchange Act. 
 
(cc)
“Service” means service as Service Provider. Service shall not terminate solely as a result of a Service Provider’s change in status from Director to Employee or from Employee to Director. Service shall not terminate in the
case of transfers between locations of the Company or among the Company, any Parent, any Subsidiary, any Affiliate or any successor. 
 
(dd) “Service Provider” means a Director or Employee. 
 
(ee) “Share” means a Registered Share of the Company, as adjusted in accordance with Section
15 of the Plan, and shall refer, where appropriate, to American Depositary Shares representing Registered Shares. 
 
(ff) “Stock Purchase Right” means the right to purchase Shares pursuant to Section 11 of the Plan, as evidenced by a
Notice of Grant. 
 
(gg) “Stock
Unit” means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan. 
 
(hh) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section
424(f) of the Code. 
 
3. Stock Subject to the
Plan. Subject to the provisions of Section 15 of the Plan, the maximum aggregate number of Shares that may be optioned and sold under the Plan is 19,000,000 Shares. The Shares may be authorized but unissued, conditionally issued or reacquired
Shares. 
 
If an Option or Stock Purchase Right
expires or becomes unexercisable without having been exercised in full or is surrendered pursuant to an Option Exchange Program, the unpurchased Shares that were subject thereto shall become available for future grant or sale under the Plan (unless
the Plan has terminated). Shares that have actually been issued under the Plan shall not be returned to the Plan and shall not become available for future distribution under the Plan, except that if Shares of Restricted Stock are repurchased by the
Company at their original purchase price, and the original purchaser of such Shares did not receive any benefits of ownership of such Shares, then such Shares shall become available for future grants of Nonstatutory Stock Options, SARs, Stock
Purchase Rights or Stock Units under the Plan. (Such Shares shall not become available for future grants of Incentive Stock Options under the Plan.) For this purpose, voting rights shall not be considered a benefit of Share ownership. If Stock Units
or SARs are forfeited or terminate for any other reason before being exercised, then the corresponding Shares shall again become available for Awards under the Plan. If Stock Units are settled, then only the number of Shares (if any) actually issued
in 

 
settlement of such Stock Units
shall reduce the number available under this Section 3 and the balance shall again become available for Awards under the Plan. If SARs are exercised, then only the number of Shares (if any) actually issued in settlement of such SARs shall reduce the
number available under this Section 3 and the balance shall again become available for Awards under the Plan. 
 
4. Administration of the Plan. 
 
(a) Procedure. 
 
(i) Multiple Administrative Bodies. The Plan may be administered by different Committees with respect to different groups of
Service Providers. 
 
(ii) Section 162(m).
To the extent that the Administrator determines it to be desirable to qualify Options granted hereunder as “performance-based compensation” within the meaning of Section 162(m) of the Code, the Plan shall be administered by a Committee of
two or more “outside directors” within the meaning of Section 162(m) of the Code. 
 
(iii) Rule 16b-3. To the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder shall be structured to satisfy the requirements
for exemption under Rule 16b-3. 
 
(iv) Other
Administration. Other than as provided above, the Plan shall be administered by (A) the Board or (B) a Committee, which committee shall be constituted to satisfy Applicable Laws. 
 
(b) Powers of the Administrator. Subject to the
provisions of the Plan and, in the case of a Committee, subject to the specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its discretion: 
 
(i) to determine the Fair Market Value of the Shares, in
accordance with Section 2(n) of the Plan; 
 
(ii)
to select the Employees and Directors to whom Awards may be granted hereunder; 
 
(iii) to determine whether and to what extent Options, SARs, Stock Purchase Rights or Stock Units, or any combination thereof, are granted hereunder; 
 
(iv) to determine the number of Shares to be covered by each
Award granted hereunder; 
 
(v) to approve forms
of agreement for use under the Plan; 
 
(vi) to
determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Options, SARs or Stock Purchase
Rights may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or Shares relating thereto, based in each case on such factors
as the Administrator, in its sole discretion, shall determine; 

 
(vii) to
reduce the exercise price of any Option, SAR or Stock Purchase Right to the then current Fair Market Value, if the Fair Market Value of the Shares covered by such Option, SAR or Stock Purchase Right shall have declined since the date the Option, SAR
or Stock Purchase Right was granted; 
 
(viii) to
construe and interpret the terms of the Plan and awards granted pursuant to the Plan; 
 
(ix) to prescribe, amend and rescind rules and regulations relating to the Plan, including, without limitation, rules and regulations relating to (A) sub-plans established for the purpose of qualifying
for preferred tax treatment under the tax laws of any country or jurisdiction where Awards are granted under the Plan and (B) the issuance of Shares hereunder to a depositary to be represented by American Depositary Shares; 
 
(x) to modify or amend any Award (subject to Section 17(c)
of the Plan), including the discretionary authority to extend the post-termination exercisability period of Options longer than is otherwise provided for in the Plan; 
 
(xi) to authorize any person to execute on behalf of the Company any instrument required to effect the grant
of an Award previously granted by the Administrator; 
 
(xii) to institute an Option Exchange Program; 
 
(xiii) to allow Participants to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise or settlement of an Award that number of Shares having a Fair Market Value equal
to the amount required to be withheld. The Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined. All elections by a Participant to have Shares withheld for this
purpose shall be made in such form and under such conditions as the Administrator may deem necessary or advisable; and 
 
(xiv) to make all other determinations deemed necessary or advisable for administering the Plan. 
 
(c) Effect of Administrator’s Decision. The
Administrator’s decisions, determinations and interpretations shall be final and binding on all Participants and any other holders of Awards. 
 
5. Eligibility. Awards may be granted to Employees and Directors. If otherwise eligible, an Employee or Director who has been
granted an Award may be granted additional Awards. 
 
6. Limitations. 
 
(a)
Neither the Plan nor any Award shall confer upon a Participant any right with respect to continuing the Participant’s employment with the Company, nor shall they interfere in any way with the Participant’s right or the Company’s right
to terminate such employment at any time, with or without cause. 
 
(b) The following limitations shall apply to grants of Options and SARs to Employees: 
 
(i) No Employee shall be granted, in any fiscal year of the Company, Options or SARs covering more than 3,000,000 Shares in the
aggregate. 

 
(ii) In
connection with his or her initial employment, an Employee may be granted Options or SARs covering up to an additional 1,000,000 Shares in the aggregate, which shall not count against the limit set forth in Paragraph (i) above. 
 
(iii) The foregoing limitations shall be adjusted
proportionately in connection with any change in the Company’s capitalization as described in Section 15. 
 
(iv) If an Option or SAR is cancelled in the same fiscal year of the Company in which it was granted (other than in connection with a
transaction described in Section 15), the cancelled Option or SAR will be counted against the limits set forth in Paragraphs (i) and (ii) above. For this purpose, if the exercise price of an Option or SAR is reduced, the transaction will be treated
as a cancellation of the Option or SAR and the grant of a new Option or SAR. 
 
7. Term of Plan. The Plan became effective upon the effectiveness of the Company’s Registration Statement on Form F-1 filed with the Securities Exchange Commission for the initial United
States public offering of the Shares. It shall continue in effect for a term of ten (10) years unless terminated earlier under Section 17 of the Plan. 
 
8. Term of Option. The term of each Option shall be stated in the Notice of Grant. 
 
9. Option Exercise Price and Consideration.

 
(a) Exercise Price. The per Share
exercise price for the Shares to be issued pursuant to exercise of an Option shall be determined by the Administrator; provided, however, that the per Share exercise price shall not be less than 100% of Fair Market Value per Share on the date of
grant. 
 
(b) Waiting Period and Exercise
Dates. At the time an Option is granted, the Administrator shall fix the period within which the Option may be exercised and shall determine any conditions that must be satisfied before the Option may be exercised. In so doing, the Administrator
may specify that an Option may not be exercised until the completion of a Service period. 
 
(c) Form of Consideration. The Administrator shall determine the acceptable form of consideration for exercising an Option, including the method of payment. Such consideration may consist
entirely of: 
 
(i) cash; 
 
(ii) check; 
 
(iii) wire transfer; 
 
(iv) promissory note; 
 
(v) other Shares that (A) in the case of Shares acquired
upon exercise of an option, have been owned by the Optionee for more than six months on the date of surrender, and (B) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which said Option
shall be exercised; 
 
(vi) consideration
received by the Company under a cashless exercise program implemented by the Company in connection with the Plan; 

 
(vii) any
combination of the foregoing methods of payment; or 
 
(viii) such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws. 
 
10. Exercise of Option. 
 
(a) Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder shall be exercisable according to the terms of
the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option shall be deemed exercised when the Company receives (i) written notice of exercise (in accordance with the Award
Agreement) from the person entitled to exercise the Option and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and
permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option shall be issued in the name of the Optionee or, if requested by the Optionee, in the name of the Optionee and his or her spouse. The Company shall issue (or
cause to be issued) a stock certificate promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Option is exercised, except as provided in Section 15 of the
Plan. 
 
(b) Termination of Employment or
Directorship. Upon termination of an Optionee’s Service, other than upon the Optionee’s death or Disability, the Optionee may exercise his or her Option within such period of time as is specified in the Notice of Grant to the extent
that he or she is entitled to exercise it on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Notice of Grant). In the absence of a specified time in the Notice of Grant, the Option
shall remain exercisable for three (3) months following the termination of the Optionee’s Service. If, on the date of termination of Service, the Optionee is not entitled to exercise his or her entire Option, the Shares covered by the
unexercisable portion of the Option shall revert to the Plan. If, after termination of Service, the Optionee does not exercise his or her Option within the time specified by the Administrator, the Option shall terminate, and the Shares covered by
such Option shall revert to the Plan. 
 
(c)
Disability of Optionee. Upon termination of an Optionee’s Service as a result of the Optionee’s Disability, the Optionee may exercise his or her Option at any time within twelve (12) months from the date of termination, but only to
the extent that the Optionee is entitled to exercise it on the date of termination (and in no event later than the expiration of the term of the Option as set forth in the Notice of Grant). If, on the date of termination of Service, the Optionee is
not entitled to exercise his or her entire Option, the Shares covered by the unexercisable portion of the Option shall revert to the Plan. If, after termination of Service, the Optionee does not exercise his or her Option within the time specified
herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 
 
(d) Death of Optionee. Upon the death of an Optionee, the Option may be exercised at any time within twelve (12) months following
the date of death (but in no event later than the expiration of the term of such Option as set forth in the Notice of Grant) by the Optionee’s estate or by a person who acquires the right to exercise the Option by bequest, inheritance or
beneficiary designation, but only to the extent that the Optionee would have been entitled to exercise the Option on the date of death. If, at the time of death, the Optionee is not entitled to exercise his or her entire Option, the Shares covered
by the unexercisable portion of the Option shall immediately revert to the Plan. If the Optionee’s estate or the person who acquires the right to exercise the Option by bequest, inheritance or beneficiary designation does not exercise the
Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 

 
(e) Buyout
Provisions. The Administrator may at any time offer to buy out, for a payment in cash or Shares, an Option previously granted, based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time
that such offer is made. 
 
11. Stock Purchase
Rights. 
 
(a) Rights to Purchase. Stock
Purchase Rights may be issued either alone, in addition to, or in tandem with other awards granted under the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it will offer Stock Purchase Rights under the
Plan, it shall advise the offeree in writing, by means of a Notice of Grant, of the terms, conditions and restrictions related to the offer, including the number of Shares that the offeree shall be entitled to purchase, the price to be paid, and the
time within which the offeree must accept such offer, which shall in no event exceed six (6) months from the date upon which the Administrator made the determination to grant the Stock Purchase Right. The offer shall be accepted by execution of an
Award Agreement in the form determined by the Administrator. 
 
(b) Repurchase Option. Unless the Administrator determines otherwise, the Award Agreement shall grant the Company a repurchase option exercisable upon the voluntary or involuntary termination of the purchaser’s Service
with the Company for any reason (including death or Disability). The purchase price for Shares repurchased pursuant to the Award Agreement shall be the original price paid by the purchaser and may be paid by cancellation of any indebtedness of the
purchaser to the Company. The repurchase option shall lapse at a rate determined by the Administrator. 
 
(c) Other Provisions. The Award Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan
as may be determined by the Administrator in its sole discretion. In addition, the provisions of Award Agreements need not be the same with respect to each purchaser. 
 
(d) Rights as a Shareholder. Once the Stock Purchase Right is exercised, the purchaser shall have the
rights equivalent to those of a shareholder, and shall be a shareholder when his or her purchase is entered upon the records of the Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the
Stock Purchase Right is exercised, except as provided in Section 15 of the Plan. 
 
12. Stock Appreciation Rights. 
 
(a) Award Agreement. Each grant of an SAR under the Plan shall be evidenced by an Award Agreement between the Participant and the Company. Such SAR shall be subject to all applicable terms of
the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Award Agreements entered into under the Plan need not be identical. SARs may be granted in consideration of a reduction in the
Participant’s other compensation. 
 
(b)
Number of Shares and Exercise Price. Each Award Agreement shall specify the number of Shares to which the SAR pertains and shall provide for the adjustment of such number in accordance with Section 15. Each Award Agreement shall specify the
exercise price. An Award Agreement may specify an exercise price that varies in accordance with a predetermined formula while the SAR is outstanding. 
 
(c) Exercisability and Term. Each Award Agreement shall specify the date when all or any installment of the SAR is to become
exercisable. The Award Agreement shall also specify the term of the SAR. An Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement or other events and may provide for
expiration prior to the end of its term in the event of the termination of the Participant’s Service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related
Options are forfeited. An 

 
SAR may be included in an
Incentive Stock Option only at the time of grant but may be included in a Nonstatutory Stock Option at the time of grant or thereafter. An SAR granted under the Plan may provide that it will be exercisable only in the event of a change in control
with respect to the Company. 
 
(d) Exercise of
SARs. Upon exercise of an SAR, the Participant (or any person having the right to exercise the SAR after his or her death) shall receive from the Company (i) Shares, (ii) cash or (iii) a combination of Shares and cash, as the Administrator shall
determine. The amount of cash and/or the Fair Market Value of Shares received upon exercise of SARs shall, in the aggregate, be equal to the amount by which the Fair Market Value (on the date of surrender) of the Shares subject to the SARs exceeds
the exercise price. If, on the date when an SAR expires, the exercise price under such SAR is less than the Fair Market Value on such date but any portion of such SAR has not been exercised or surrendered, then such SAR shall automatically be deemed
to be exercised as of such date with respect to such portion. 
 
13. Stock Units. 
 
(a)
Award Agreement. Each grant of Stock Units under the Plan shall be evidenced by an Award Agreement between the Participant and the Company. Such Stock Units shall be subject to all applicable terms of the Plan and may be subject to any other
terms that are not inconsistent with the Plan. The provisions of the various Award Agreements entered into under the Plan need not be identical. Stock Units may be granted in consideration of a reduction in the Participant’s other compensation.

 
(b) Payment for Awards. To the extent
that an Award is granted in the form of Stock Units, no cash consideration shall be required of the Participant. 
 
(c) Vesting Conditions. Each Award of Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in
installments, upon satisfaction of the conditions specified in the Award Agreement. An Award Agreement may provide for accelerated vesting in the event of the Participant’s death, disability or retirement or other events. 
 
(d) Voting and Dividend Rights. The holders of Stock
Units shall have no voting rights. Prior to settlement or forfeiture, any Stock Unit awarded under the Plan may, at the Administrator’s discretion, carry with it a right to dividend equivalents. Such right entitles the holder to be credited
with an amount equal to all cash dividends paid on one Share while the Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash, in the form of
Shares, or in a combination of both. Prior to distribution, any dividend equivalents that are not paid shall be subject to the same conditions and restrictions as the Stock Units to which they attach. 
 
(e) Form and Time of Settlement of Stock Units.
Settlement of vested Stock Units may be made in the form of (i) cash, (ii) Shares or (iii) any combination of both, as determined by the Administrator. The actual number of Stock Units eligible for settlement may be larger or smaller than the number
included in the original Award, based on predetermined performance factors. Methods of converting Stock Units into cash may include (without limitation) a method based on the average Fair Market Value of Shares over a series of trading days. Vested
Stock Units may be settled in a lump sum or in installments. The distribution may occur or commence when all vesting conditions applicable to the Stock Units have been satisfied or have lapsed, or it may be deferred to any later date. The amount of
a deferred distribution may be increased by an interest factor or by dividend equivalents. Until an Award of Stock Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to Section 15. 
 
(f) Death of Recipient. Any Award of Stock Units that
becomes payable after the Participant’s death shall be distributed to his or her beneficiary or beneficiaries. Each recipient of a Stock 

 
Units Award under the Plan
shall designate one or more beneficiaries for this purpose by filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Participant’s death. If no
beneficiary was designated or if no designated beneficiary survives the Participant, then any Stock Units Award that becomes payable after the Participant’s death shall be distributed to his or her estate. 
 
(g) Creditors’ Rights. A holder of Stock Units
shall have no rights other than those of a general creditor of the Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Award Agreement. 
 
14. Non-Transferability of Awards. Unless determined
otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will, by beneficiary designation or by the laws of descent or distribution and may be exercised, during
the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award shall contain such additional terms and conditions as the Administrator deems appropriate. 
 
15. Adjustments Upon Changes in Capitalization,
Dissolution, Merger or Asset Sale. 
 
(a)
Changes in Capitalization. Subject to any required action by the shareholders of the Company, the number of Shares covered by each outstanding Award, and the number of Shares available for future Awards under the Plan, as well as the price
per Share of Shares covered by each outstanding Option, SAR or Stock Purchase Right, shall be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from a stock split, reverse stock split, stock dividend,
combination or reclassification of the Shares, or any other increase or decrease in the number of issued Shares effected without receipt of full consideration by the Company; provided, however, that conversion of any convertible securities of the
Company shall not be deemed to have been “effected without receipt of full consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided
herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject
to an Award. 
 
(b) Dissolution or
Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator shall notify each Participant as soon as practicable prior to the effective date of such proposed transaction. The Administrator in its
discretion may provide for a Participant to have the right to exercise an Option or SAR until ten (10) days prior to such transaction as to all of the Optioned Stock covered thereby, including Shares as to which the Option or SAR would not otherwise
be exercisable. In addition, the Administrator may provide that any Company repurchase option applicable to any Shares issued under the Plan shall lapse as to all such Shares, provided the proposed dissolution or liquidation takes place at the time
and in the manner contemplated. To the extent it has not been previously exercised, an Option or SAR will terminate immediately prior to the consummation of such proposed action. 
 
(c) Merger or Asset Sale. In the event of a merger of the Company with or into another corporation, or
the sale of substantially all of the assets of the Company, each outstanding Option, SAR, Stock Purchase Right or Stock Unit shall be assumed or an equivalent award substituted by the successor corporation or a Parent or Subsidiary of the successor
corporation. In the event that the successor corporation refuses to assume or substitute for the Option, SAR, Stock Purchase Right or Stock Unit, the Participant shall fully vest in and have the right to exercise the Option, SAR, Stock Purchase
Right or Stock Unit as to all of the Optioned Stock, including Shares as to which it would not otherwise be vested or exercisable. If an Option, SAR, Stock Purchase Right or Stock Unit becomes fully vested and exercisable in lieu of assumption or
substitution in the event of a merger or sale of assets, the Administrator shall notify the Participant that the 

 
Award shall be fully vested
and exercisable for a period of fifteen (15) days from the date of such notice, and the Award shall terminate upon the expiration of such period. 
 
For the purposes of this Subsection (c), the Option, SAR, Stock Purchase Right or Stock Unit shall be considered assumed if, following the
merger or sale of assets, the Option, SAR, Stock Purchase Right or Stock Unit confers the right to purchase or receive, for each Share of Optioned Stock subject to the Award immediately prior to the merger or sale of assets, the consideration
(whether stock, cash, or other securities or property) received in the merger or sale of assets by shareholders for each Share held on the effective date of the transaction (and if shareholders were offered a choice of consideration, the type of
consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or sale of assets is not solely common stock of the successor corporation or its Parent, the
Administrator may, with the consent of the successor corporation, provide for the consideration to be received for each Share of Optioned Stock subject to the Award to be solely common stock of the successor corporation or its Parent equal in fair
market value to the per share consideration received by shareholders in the merger or sale of assets. 
 
For the purposes of this Subsection (c), an Option or SAR that was granted after January 1, 2002, and that is not yet exercisable shall
also be considered assumed if, following the merger or sale of assets, the Participant has the right to receive, at the time or times such Option or SAR would have become exercisable, an amount of cash for each Share of Optioned Stock subject to
such Option or SAR equal to the sum of: 
 
(i)
the excess of (A) the Fair Market Value of such Share immediately prior to the closing of the merger or sale of assets over (B) the exercise price of such Option or SAR; plus 
 
(ii) interest on the amount described in Paragraph (i) above at a reasonable rate. 
 
16. Date of Grant. The date of grant of an Award shall
be, for all purposes, the date on which the Administrator makes the determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination shall be provided to each Participant within a
reasonable time after the date of such grant. 
 
17. Amendment and Termination of the Plan. 
 
(a) Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan. 
 
(b) Shareholder Approval. The Company shall obtain shareholder approval of any Plan amendment to the extent necessary and desirable
to comply with Applicable Laws, including the requirements of any exchange or quotation system on which the Shares are listed or quoted. Such shareholder approval, if required, shall be obtained in such a manner and to such a degree as is required
by Applicable Laws. 
 
(c) Effect of Amendment
or Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Participant under an existing Award, unless mutually agreed otherwise between the Participant and the Administrator, which agreement
must be in writing and signed by the Participant and the Company. 

18. Conditions Upon Issuance of Shares. 
 
(a) Legal Compliance. Shares shall not be issued under
the Plan unless the issuance and delivery of such Shares shall comply with Applicable Laws, and shall be further subject to the approval of counsel for the Company with respect to such compliance. 
 
(b) Investment Representations. As a condition to the
issuance of Shares under the Plan, the Company may require the Participant to represent and warrant at the time of any such issuance that the Shares are being purchased only for investment and without any present intention to sell or distribute such
Shares if, in the opinion of counsel for the Company, such a representation is required. 
 
19. Liability of Company. 
 
(a) Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be
necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. 
 
(b) Grants Exceeding Allotted Shares. If the Optioned
Stock covered by an Award exceeds, as of the date of grant, the number of Shares that may be issued under the Plan without additional shareholder approval, such Award shall be void with respect to such excess Optioned Stock, unless shareholder
approval of an amendment sufficiently increasing the number of Shares subject to the Plan is timely obtained in accordance with Section 17(b) of the Plan. 
 
20. Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of
Shares as shall be sufficient to satisfy the requirements of the Plan. 
 
IN WITNESS WHEREOF, the undersigned President and Chief Executive Officer of Logitech International S.A. certifies that the foregoing Logitech International S.A. 1996 Employee Stock Plan was duly adopted by the Board of
Directors of Logitech International S.A. on the 24th day of April, 1996, and amended by the Board of Directors on the 12th day of February, 1997, the 22nd day of April, 1998, the 17th day of April, 2002, and the 15th day of April, 2003. 
 
 

	
	 /s/    GUERRINO DE
LUCA        

	 President and Chief Executive Officer

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