Document:

EX-10.9

 Exhibit 10.9 

MEGACHIPS CORPORATION 

RESTRICTED STOCK UNIT PLAN 

Effective May 13, 2016 

 MEGACHIPS CORPORATION 

RESTRICTED STOCK UNIT PLAN 

TABLE OF CONTENTS 
  

									
	 	 	 	  	 	  	Page	 
	 1.
	 		  	 ESTABLISHMENT, PURPOSE AND TERM OF PLAN
	  	 	1	 
				
		 	 1.1.
	  	 Establishment of Plan
	  	 	1	 
		 	 1.2.
	  	 Purpose
	  	 	1	 
		 	 1.3.
	  	 Term of Plan
	  	 	1	 
				
	 2.
	 		  	 DEFINITIONS AND CONSTRUCTION
	  	 	1	 
				
		 	 2.1.
	  	 Definitions
	  	 	1	 
		 	 2.2.
	  	 Construction
	  	 	5	 
				
	 3.
	 		  	 ADMINISTRATION
	  	 	5	 
				
		 	 3.1.
	  	 Administration by the Board
	  	 	5	 
		 	 3.2.
	  	 Authority of Officers
	  	 	5	 
		 	 3.3.
	  	 Powers of the Board
	  	 	5	 
		 	 3.4.
	  	 Administration with Respect to Insiders
	  	 	6	 
		 	 3.5.
	  	 Indemnification
	  	 	6	 
				
	 4.
	 		  	 SHARES SUBJECT TO PLAN
	  	 	7	 
				
		 	 4.1.
	  	 Maximum Number of Shares Issuable
	  	 	7	 
		 	 4.2.
	  	 Adjustments for Changes in Capital Structure
	  	 	7	 
		 	 4.3.
	  	 Assumption or Substitution of Awards
	  	 	7	 
		 	 4.4.
	  	 Equitable Adjustment
	  	 	7	 
				
	 5.
	 		  	 ELIGIBILITY AND PARTICIPATION
	  	 	8	 
				
		 	 5.1.
	  	 Persons Eligible for Awards
	  	 	8	 
		 	 5.2.
	  	 Participation in the Plan
	  	 	8	 
				
	 6.
	 		  	 RESTRICTED STOCK UNIT AWARDS
	  	 	8	 
				
		 	 6.1.
	  	 Grant of Restricted Stock Units
	  	 	8	 
		 	 6.2.
	  	 Restricted Stock Unit Agreement
	  	 	8	 
		 	 6.3.
	  	 Other Restrictions
	  	 	8	 
		 	 6.4.
	  	 Voting Rights; Dividends and Distributions
	  	 	8	 
		 	 6.5.
	  	 Effect of Termination of Service
	  	 	8	 
		 	 6.6.
	  	 Nontransferability of Restricted Stock Unit Awards
	  	 	9	 
				
	 7.
	 		  	 STANDARD FORMS OF AWARD AGREEMENTS
	  	 	9	 
				
		 	 7.1.
	  	 Award Agreements
	  	 	9	 
		 	 7.2.
	  	 Authority to Vary Terms
	  	 	9	 
				
	 8.
	 		  	 CHANGE IN CONTROL
	  	 	9	 
		 	 8.1.
	  	 Effect of Change in Control on Awards
	  	 	9	 
		 	 8.2.
	  	 Federal Excise Tax Under Section 4999 of the Code
	  	 	10	 

  
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 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
	 9.
	 		  	 TAX WITHHOLDING
	  	 	10	 
				
		 	 9.1.
	  	 Tax Withholding in General
	  	 	10	 
		 	 9.2.
	  	 Tax Withholding and Cash Award
	  	 	11	 
				
	 10.
	 		  	 COMPLIANCE WITH SECURITIES LAW
	  	 	11	 
				
	 11.
	 		  	 AMENDMENT OR TERMINATION OF PLAN
	  	 	11	 
				
	 12.
	 		  	 MISCELLANEOUS PROVISIONS
	  	 	12	 
				
		 	 12.1.
	  	 Forfeiture Events
	  	 	12	 
		 	 12.2.
	  	 Provision of Information
	  	 	12	 
		 	 12.3.
	  	 Rights as Employee, Consultant or Director
	  	 	12	 
		 	 12.4.
	  	 Rights as a Stockholder
	  	 	12	 
		 	 12.5.
	  	 Delivery of Title to Shares
	  	 	12	 
		 	 12.6.
	  	 Fractional Shares
	  	 	12	 
		 	 12.7.
	  	 Retirement and Welfare Plans
	  	 	12	 
		 	 12.8.
	  	 Severability
	  	 	13	 
		 	 12.9.
	  	 No Constraint on Corporate Action
	  	 	13	 
		 	 12.10.
	  	 Choice of Law and Forum Selection
	  	 	13	 
		 	 12.11.
	  	 Stockholder Approval
	  	 	13	 
		 	 12.12.
	  	 Employees Based Outside of the United States
	  	 	13	 

  
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 MEGACHIPS CORPORATION 

RESTRICTED STOCK UNIT PLAN 
  

	1.	 ESTABLISHMENT, PURPOSE AND TERM OF PLAN. 

1.1.    Establishment of Plan. The MegaChips Corporation Restricted Stock Unit Plan is hereby adopted
by the Board effective as of May 13, 2016 (the “Effective Date”). 

1.2.    Purpose. The purpose of the Plan is to attract and retain the best available personnel, to
provide additional incentives to officers, directors, employees, consultants and other independent contractors of the Company and other members of the Participating Company Group and to promote the success of the Company’s business. The Company
intends that securities issued pursuant to the Plan be exempt from requirements of registration and qualification of such securities pursuant to the exemptions afforded by Rule 701 promulgated under the Securities Act and Section 25102(o) of
the California Corporations Code or any other applicable exemptions, and the Plan shall be so construed. Further, the Company intends that Awards granted pursuant to the Plan be exempt from or comply with Section 409A of the Code (including any
amendments or replacements of such section), and the Plan shall be so construed. 
 1.3.    Term of Plan.
The Plan shall continue in effect until its termination by the Board; provided, however, that all Awards shall be granted, if at all, within ten (10) years from the Effective Date. 

 

	2.	 DEFINITIONS AND CONSTRUCTION. 

2.1.    Definitions. Whenever used herein, the following terms shall have their respective meanings set forth
below: 
 (a)    “Award” means a Restricted Stock Unit granted under the Plan. 

(b)    “Award Agreement” means a written or electronic agreement
between the Company and a Participant setting forth the terms, conditions and restrictions of the Award granted to the Participant. 

(c)    “Board” means the Board of Directors of the Company. If one or more Committees have
been appointed by the Board to administer the Plan, “Board” also means such Committee(s). 

(d)    “Cash Award” means an Award payable in cash to the Participant. 

(e)    “Change in Control” means, unless such term or an equivalent term is otherwise
defined by the applicable Award Agreement or other written agreement between the Participant and a Participating Company applicable to an Award, the occurrence of any of the following: 

(i)    an Ownership Change Event or a series of related Ownership Change Events (collectively, a
“Transaction”) in which the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction direct 

 
or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding securities entitled to vote generally in the election of Directors or, in
the case of an Ownership Change Event described in Section 2.1(q)(iii), the entity to which the assets of the Company were transferred (the “Transferee”), as the case may be; or 

(ii)    approval by the stockholders of a plan of complete liquidation or dissolution of the Company; 

provided, however, that a Change in Control shall be deemed not to include a transaction described in subsections (i) of this Section 2.1(e) in
which a majority of the members of the board of directors of the continuing, surviving or successor entity, or parent thereof, immediately after such transaction is comprised of Incumbent Directors. 

For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership
of the voting securities of one or more corporations or other business entities which own the Company or the Transferee, as the case may be, either directly or through one or more subsidiary or other business entities. The Board shall have the right
to determine whether multiple sales or exchanges of the voting securities of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive. 

(f)    “Code” means the Internal Revenue Code of 1986, as amended, and any applicable
regulations and administrative guidelines promulgated thereunder. 
 (g)    “Committee”
means the compensation committee or other committee or subcommittee of the Board duly appointed to administer the Plan and having such powers as shall be specified by the Board. Unless the powers of the Committee have been specifically limited, the
Committee shall have all of the powers of the Board granted herein, including, without limitation, the power to amend or terminate the Plan at any time, subject to the terms of the Plan and any applicable limitations imposed by law. For any period
during which no such Committee is in existence, “Committee” means the Board, and all authority and responsibility assigned to the Committee under the Plan shall be exercised, if at all, by the Board. 

(h)    “Company” means MegaChips Corporation, a Japanese corporation, or any successor
corporation thereto. 
 (i)    “Consultant” means a person engaged to provide consulting
or advisory services (other than as an Employee or a Director) to a Participating Company, provided that the identity of such person, the nature of such services or the entity to which such services are provided would not preclude the Company from
offering or selling securities to such person pursuant to the Plan in reliance on either the exemption from registration provided by Rule 701 under the Securities Act or, if the Company is required to file reports pursuant to Section 13 or
15(d) of the Exchange Act, registration on a Form S-8 Registration Statement under the Securities Act. 

(j)    “Director” means a member of the Board. 

  
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 (k)    “Employee” means any person
treated as an employee (including an Officer or a Director who is also treated as an employee) in the records of a Participating Company; provided, however, that neither service as a Director nor payment of a director’s fee shall be sufficient
to constitute employment for purposes of the Plan. The Company shall determine in good faith and in the exercise of its discretion whether an individual has become or has ceased to be an Employee and the effective date of such individual’s
employment or termination of employment, as the case may be. For purposes of an individual’s rights, if any, under the terms of the Plan as of the time of the Company’s determination of whether or not the individual is an Employee, all
such determinations by the Company shall be final, binding and conclusive as to such rights, if any, notwithstanding that the Company or any court of law or governmental agency subsequently makes a contrary determination as to such individual’s
status as an Employee. 
 (l)    “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
 (m)    “Fair Market Value” means, as of any date, the value of a
share of Stock or other property as determined by the Board, in its discretion, subject to the following: 

(i)    If, on such date, the Stock is listed or quoted on a national or regional securities exchange or
quotation system, the Fair Market Value of a share of Stock shall be the closing price of a share of Stock as quoted on the national or regional securities exchange or quotation system constituting the primary market for the Stock, as reported in
The Nikkei or such other source as the Company deems reliable. If the relevant date does not fall on a day on which the Stock has traded on such securities exchange or quotation system, the date on which the Fair Market Value shall be
established shall be the last day on which the Stock was so traded or quoted prior to the relevant date, or such other appropriate day as shall be determined by the Board, in its discretion. 

(ii)    If, on such date, the Stock is not listed or quoted on a national or regional securities exchange
or quotation system, the Fair Market Value of a share of Stock shall be as determined by the Board in good faith without regard to any restriction other than a restriction which, by its terms, will never lapse, and in a manner consistent with the
requirements of Section 409A of the Code. 
 (n)    “Incumbent
Director” means a director who either (i) is a member of the Board as of the Effective Date or (ii) is elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent
Directors at the time of such election or nomination (but excluding a director who was elected or nominated in connection with an actual or threatened proxy contest relating to the election of directors of the Company). 

(o)    “Insider” means an Officer, a Director or other person whose transactions in Stock
are subject to Article 166 of the Financial Instruments and Exchange Act of Japan. 

(p)    “Officer” means any person designated by the Board as an officer of the Company.

 (q)    “Ownership Change Event” means the occurrence of
any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing

  
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more than fifty percent (50%) of the total combined voting power of the Company’s then-outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or
consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company). 

(r)    “Participant” means any eligible person who has been granted one or more Awards.

 (s)    “Participating Company” means the Company or any Subsidiary. As
of the Effective Date, SiTime Corporation is a Participating Company. 
 (t)    “Participating
Company Group” means, at any point in time, all entities collectively which are then Participating Companies. 

(u)    “Plan” means the MegaChips Corporation Restricted Stock Unit Plan. 

(v)    “Restricted Stock Unit Award” means an
Award of a Restricted Stock Unit pursuant to Section 6. 
 (w)    “Securities
Act” means the Securities Act of 1933, as amended. 
 (x)    “Service”
means a Participant’s employment or service with the Participating Company Group, whether as an Employee, a Director or a Consultant. Unless otherwise provided by the Board, a Participant’s Service shall not be deemed to have terminated
merely because of a change in the capacity in which the Participant renders such Service or a change in the Participating Company for which the Participant renders such Service, provided that there is no interruption or termination of the
Participant’s Service. Furthermore, a Participant’s Service shall not be deemed to have been interrupted or terminated if the Participant takes any military leave, sick leave, or other bona fide leave of absence approved by the Company.
However, unless otherwise provided by the Board, if any such leave taken by a Participant exceeds ninety (90) days, then on the ninety-first (91st) day following the commencement of such leave the Participant’s Service shall be deemed to
have terminated, unless the Participant’s right to return to Service is guaranteed by statute or contract. Notwithstanding the foregoing, unless otherwise designated by the Company or required by law, an unpaid leave of absence shall not be
treated as Service for purposes of determining vesting under the Participant’s Award Agreement. A Participant’s Service shall be deemed to have terminated either upon an actual termination of Service or upon the business entity for which
the Participant performs Service ceasing to be a Participating Company. Subject to the foregoing, the Company, in its discretion, shall determine whether the Participant’s Service has terminated and the effective date of and reason for such
termination. 
 (y)    “Stock” means the common stock of the Company, as adjusted from
time to time in accordance with Section 4.2. 
 (z)    “Subsidiary” means any
present or future subsidiary of the Company, as determined by the Board from time to time. 

  
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 (aa)    “Vesting
Conditions” mean those conditions established in accordance with the Plan prior to the satisfaction of which shares subject to an Award remain subject to forfeiture or a repurchase option in favor of the Company exercisable for
the Participant’s monetary purchase price, if any, for such shares upon the Participant’s termination of Service. 

2.2.    Construction. Captions and titles contained herein are for convenience only and shall not affect the
meaning or interpretation of any provision of the Plan. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive,
unless the context clearly requires otherwise. 
  

	3.	 ADMINISTRATION. 

3.1.    Administration by the Board. The Plan shall be administered by the Board. All questions of
interpretation of the Plan, of any Award Agreement or of any other form of agreement or other document employed by the Company in the administration of the Plan or of any Award shall be determined by the Board, and such determinations shall be
final, binding and conclusive upon all persons having an interest in the Plan or such Award, unless fraudulent or made in bad faith. Any and all actions, decisions and determinations taken or made by the Board in the exercise of its discretion
pursuant to the Plan or Award Agreement or other agreement thereunder (other than determining questions of interpretation pursuant to the preceding sentence) shall be final, binding and conclusive upon all persons having an interest therein. All
expenses incurred by the Company in connection with the administration of the Plan shall be paid by the Company. In addition, the Company shall pay annual fees (but not transaction fees) charged to a Participant by the Company’s designated
broker to maintain the Participant’s brokerage account for owning and selling the Stock once issued to the Participant under the Plan. 

3.2.    Authority of Officers. Any Officer of the Company shall have the authority to act on behalf of the
Company with respect to any matter, right, obligation, determination or election which is the responsibility of or which is allocated to the Company herein, provided the Officer has apparent authority with respect to such matter, right, obligation,
determination or election. 
 3.3.    Powers of the Board. In addition to any other powers set forth in
the Plan and subject to the provisions of the Plan and applicable law, the Board shall have the full and final power and authority, in its discretion: 

(a)    to determine the persons to whom, and the time or times at which, Awards shall be granted and the number of
shares of Stock to be subject to each Award; 
 (b)    to determine the terms, conditions and restrictions
applicable to each Award (which need not be identical) and any shares acquired pursuant thereto, including, without limitation, (i) the purchase price of shares pursuant to any Award, (ii) the method of payment for shares purchased
pursuant to any Award, (iii) the method for satisfaction of any tax withholding obligation arising in connection with any Award, including by the withholding or delivery of shares of Stock, (iv) the timing, terms and conditions of the
exercisability or vesting of any Award or any shares acquired pursuant thereto, (v) the time of expiration of any Award, (vi) the effect of any Participant’s termination of Service on any of the foregoing, and (vii) all other
terms, conditions and restrictions applicable to any Award or shares acquired pursuant thereto not inconsistent with the terms of the Plan; 

  
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 (c)    to approve one or more forms of Award Agreement; 

(d)    to amend, modify, extend, cancel or renew any Award or to waive any restrictions or conditions applicable to
any Award or any shares acquired pursuant thereto; 
 (e)    to accelerate, continue, extend or defer the vesting
of any Award or any shares acquired pursuant thereto, including with respect to the period following a Participant’s termination of Service; 

(f)    to prescribe, amend or rescind rules, guidelines and policies relating to the Plan, or to adopt sub-plans or supplements to, or alternative versions of, the Plan, including, without limitation, as the Board deems necessary or desirable to comply with the laws of, or to accommodate the tax policy, accounting
principles or custom of, jurisdictions whose citizens may be granted Awards; and 
 (g)    to correct any defect,
supply any omission or reconcile any inconsistency in the Plan or any Award Agreement and to make all other determinations and take such other actions with respect to the Plan or any Award as the Board may deem advisable to the extent not
inconsistent with the provisions of the Plan or applicable law. 
 3.4.    Administration with Respect to
Insiders. With respect to participation by Insiders in the Plan, at any time that any class of equity security of the Company is traded on the Tokyo Stock Exchange, the Plan shall be administered in compliance with the requirements, if any, of
Article 166 of the Financial Instruments Act of Japan and regulations promulgated thereunder. 

3.5.    Indemnification. In addition to such other rights of indemnification as they may have as members of
the Board or as Officers or Employees of the Participating Company Group, members of the Board and any Officers or Employees of the Participating Company Group to whom authority to act for the Board or the Company is delegated shall be indemnified
by the Company against all reasonable expenses, including attorneys’ fees, actually and necessarily incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal therein, to which they or any of
them may be a party by reason of any action taken or failure to act under or in connection with the Plan, or any right granted hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent
legal counsel selected by the Company) or paid by them in satisfaction of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such person is liable
for gross negligence, bad faith or intentional misconduct in duties; provided, however, that within sixty (60) days after the institution of such action, suit or proceeding, such person shall offer to the Company, in writing, the opportunity at
its own expense to handle and defend the same. 

  
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	4.	 SHARES SUBJECT TO PLAN. 

4.1.    Maximum Number of Shares Issuable. Subject to adjustment as provided in Section 4.2, the maximum
aggregate number of shares of Stock that may be issued under the Plan shall be 1.4755% of the total outstanding shares of Stock as of June 23, 2016 and shall consist of authorized but unissued or reacquired shares of Stock or any combination
thereof. Notwithstanding the foregoing, at any such time as the offer and sale of securities pursuant to the Plan is subject to compliance with Section 260.140.45 of Title 10 of the California Code of Regulations
(“Section 260.140.45”), the total number of shares of Stock issuable upon the exercise of all outstanding Awards (together with options outstanding under any other stock plan of the Company)
and the total number of shares provided for under any stock bonus or similar plan of the Company shall not exceed thirty percent (30%) (or such other higher percentage limitation as may be approved by the stockholders of the Company pursuant to
Section 260.140.45) of the then outstanding shares of the Company as calculated in accordance with the conditions and exclusions of Section 260.140.45. 

4.2.    Adjustments for Changes in Capital Structure. Subject to any required action by the stockholders of
the Company, the requirements of Sections 409A of the Code to the extent applicable, and any other applicable law, in the event of any change in the Stock effected without receipt of consideration by the Company, whether through merger,
consolidation, reorganization, reincorporation, recapitalization, reclassification, stock dividend, stock split, reverse stock split, split-up, split-off, spin-off, combination of shares, exchange of shares, or similar change in the capital structure of the Company, or in the event of payment of a dividend or distribution to the stockholders of the Company in a form
other than Stock (excepting regular, periodic cash dividends) that has a material effect on the fair market value of shares of Stock, appropriate and proportionate adjustments shall be made in the number and kind of shares subject to the Plan and to
any outstanding Awards, in order to prevent dilution or enlargement of Participants’ rights under the Plan. For purposes of the foregoing, conversion of any convertible securities of the Company shall not be treated as “effected without
receipt of consideration by the Company.” If a majority of the shares which are of the same class as the shares that are subject to outstanding Awards are exchanged for, converted into, or otherwise become shares of another corporation (the
“New Shares”), the Board may unilaterally amend the outstanding Awards to provide that such Awards are for New Shares. In the event of any such amendment, the number of shares subject to the outstanding Awards shall be
adjusted in a fair and equitable manner as determined by the Board, in its discretion. Any fractional share resulting from an adjustment pursuant to this Section shall be rounded down to the nearest whole number. Such adjustments shall be determined
by the Board, and its determination shall be final, binding and conclusive. 
 4.3.    Assumption or
Substitution of Awards. The Board may, without affecting the number of shares of Stock available pursuant to Section 4.1, authorize the issuance or assumption of benefits under this Plan in connection with any merger, consolidation,
acquisition of property or stock, or reorganization upon such terms and conditions as it may deem appropriate, subject to compliance with Section 409A and any other applicable provisions of the Code, and any other applicable law. 

4.4.    Equitable Adjustment. Notwithstanding Sections 4.2 and 4.3 above, in the event that an increase in
the number of shares is not permissible under applicable law, the Board may make an equitable adjustment so that the Participants shall enjoy the same economic benefit as prior to such changes in capital structure or reorganization. 

  
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	5.	 ELIGIBILITY AND PARTICIPATION. 

5.1.    Persons Eligible for Awards. Awards may be granted only to Employees, Consultants and Directors. 

5.2.    Participation in the Plan. Awards are granted solely at the discretion of the Board. Eligible
persons may be granted more than one Award. However, eligibility in accordance with this Section shall not entitle any person to be granted an Award, or, having been granted an Award, to be granted an additional Award. 

 

	6.	 RESTRICTED STOCK UNIT AWARDS. 

6.1.    Grant of Restricted Stock Units. Subject to the terms and provisions of this Plan, the Committee, at
any time and from time to time, may grant Restricted Stock Units to Participants in such amounts as the Committee shall determine. Restricted Stock Units shall represent the right of a Participant to receive a share of Stock and a Cash Award at a
later date upon the satisfaction of such terms and conditions as are established by the Board. 

6.2.    Restricted Stock Unit Agreement. Each Restricted Stock Unit grant shall be evidenced by an Award
Agreement that shall specify the number of Restricted Stock Units granted, the term and nature of any restrictions and under what circumstances such restrictions shall lapse, and such other provisions as the Board shall determine. 

6.3.    Other Restrictions. The Board shall impose such other conditions and/or restrictions on any
Restricted Stock Units granted pursuant to this Plan as it may deem advisable including, without limitation, a requirement that Participants pay a stipulated purchase price for each Restricted Stock Unit, restrictions based upon the achievement of
specific performance goals, time-based restrictions on vesting following the attainment of the performance goals, time- based restrictions, restrictions under applicable laws or under the requirements of any stock exchange or market upon which such
shares of Stock are listed or traded, or holding requirements or sale restrictions placed on the shares of Stock by the Company upon vesting of such Restricted Stock Units. Restricted Stock Units shall be paid in cash, Stock, or a combination of
cash and Stock as the Board, in its sole discretion, shall determine. 
 6.4.    Voting Rights; Dividends and
Distributions. A Participant shall have no voting rights with respect to any Restricted Stock Units granted hereunder. Unless otherwise provided by the Board in the Award Agreement, a Participant shall not be entitled to any dividends or
distributions with respect to Awards of Restricted Stock Units until such time as the Participant receives Stock in connection with such Award. 

6.5.    Effect of Termination of Service. Unless otherwise provided by the Board in the Award Agreement
evidencing a Restricted Stock Unit Award, if a Participant’s Service terminates for any reason, whether voluntary or involuntary (including the Participant’s death or disability) prior to the satisfaction of the conditions associated with
the Award, then the Participant shall forfeit the Award to the Company for no consideration as of the date of the Participant’s termination of Service. 

  
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 6.6.    Nontransferability of Restricted Stock Unit
Awards. Rights to receive shares of Stock pursuant to a Restricted Stock Unit Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance or garnishment by creditors of the
Participant or the Participant’s beneficiary. 
  

	7.	 STANDARD FORMS OF AWARD AGREEMENTS. 

7.1.    Award Agreements. Each Award shall comply with and be subject to the terms and conditions set forth
in the appropriate form of Award Agreement approved by the Board and as amended from time to time. No Award or purported Award shall be a valid and binding obligation of the Company unless evidenced by a fully executed Award Agreement, which
execution may be evidenced by electronic means. 
 7.2.    Authority to Vary Terms. The Board shall have
the authority from time to time to vary the terms of any standard form of Award Agreement either in connection with the grant or amendment of an individual Award or in connection with the authorization of a new standard form or forms; provided,
however, that the terms and conditions of any such new, revised or amended standard form or forms of Award Agreement are not inconsistent with the terms of the Plan. 
  

	8.	 CHANGE IN CONTROL. 

8.1.    Effect of Change in Control on Awards. Subject to the requirements and limitations of
Section 409A of the Code, if applicable, and subject to other applicable law, the Board may provide for any one or more of the following: 

(a)    Accelerated Vesting. In its discretion, the Board may provide in the grant of any Award or at
any other time may take such action as it deems appropriate to provide for acceleration of the exercisability and/or vesting in connection with a Change in Control of each or any outstanding Award or portion thereof and shares acquired pursuant
thereto upon such conditions, including termination of the Participant’s Service prior to, upon, or following such Change in Control, and to such extent as the Board shall determine. 

(b)    Assumption, Continuation or Substitution of Awards. In the event of a Change in Control, the
surviving, continuing, successor, or purchasing corporation or other business entity or parent thereof, as the case may be (the “Acquiror”), may, without the consent of any Participant, assume or continue the Company’s
rights and obligations under each or any Award or portion thereof outstanding immediately prior to the Change in Control or substitute for each or any such outstanding Award or portion thereof a substantially equivalent award with respect to the
Acquiror’s stock. For purposes of this Section, if so determined by the Board, in its discretion, an Award or any portion thereof shall be deemed assumed if, following the Change in 

Control, the Award confers the right to receive, subject to the terms and conditions of the Plan and the applicable Award Agreement, for each
share of Stock subject to such portion of the Award immediately prior to the Change in Control, the consideration (whether stock, cash, other securities or property or a combination thereof) to which a holder of a share of Stock on the

  
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effective date of the Change in Control was entitled (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding
shares of Stock); provided, however, that if such consideration is not solely common stock of the Acquiror, the Board may, with the consent of the Acquiror, provide for the consideration to be received upon the issuance of the Award for each share
of Stock to consist solely of common stock of the Acquiror equal in Fair Market Value to the per share consideration received by holders of Stock pursuant to the Change in Control. If any portion of such consideration may be received by holders of
Stock pursuant to the Change in Control on a contingent or delayed basis, the Board may, in its discretion, determine such Fair Market Value per share as of the time of the Change in Control on the basis of the Board’s good faith estimate of
the present value of the probable future payment of such consideration. Any Award or portion thereof which is assumed or continued by the Acquiror in connection with the Change in Control shall terminate and cease to be outstanding effective as of
the time of consummation of the Change in Control. Notwithstanding the foregoing, any consideration received pursuant to the Change in Control with respect to such shares shall continue to be subject to all applicable provisions of the Award
Agreement evidencing such Award except as otherwise provided in such Award Agreement. 
 8.2.    Federal
Excise Tax Under Section 4999 of the Code. 
 (a)    Excess Parachute
Payment. If any acceleration of vesting pursuant to an Award and any other payment or benefit received or to be received by a Participant would subject the Participant to any excise tax pursuant to Section 4999 of the Code due to the
characterization of such acceleration of vesting, payment or benefit as an “excess parachute payment” under Section 280G of the Code, then, provided such election would not subject the Participant to taxation under Section 409A
of the Code, the Participant may elect, in his or her sole discretion, to reduce the amount of any acceleration of vesting called for under the Award in order to avoid such characterization. 

(b)    Determination by Independent Accountants. To aid the Participant in making any election called
for under Section 8.2(a), no later than the date of the occurrence of any event that might reasonably be anticipated to result in an “excess parachute payment” to the Participant as described in Section 8.2(a), the Company shall
request a determination in writing by independent public accountants selected by the Company (the “Accountants”). As soon as practicable thereafter, the Accountants shall determine and report to the Company and the
Participant the amount of such acceleration of vesting, payments and benefits which would produce the greatest after-tax benefit to the Participant. For the purposes of such determination, the Accountants may
rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the Participant shall furnish to the Accountants such information and documents as the Accountants may reasonably
request in order to make their required determination. The Company shall bear all fees and expenses the Accountants charge in connection with their services contemplated by this Section. 

 

	9.	 TAX WITHHOLDING. 

9.1.    Tax Withholding in General. The Company shall have the right to deduct from any and all payments made
under the Plan, or to require the Participant, through payroll withholding, cash payment or otherwise, to make adequate provision for, the federal, state, local 

  
 -10- 

 
and foreign taxes (including any social insurance tax), if any, required by law to be withheld by the Participating Company Group with respect to an Award or the Shares or the Cash Award acquired
pursuant thereto. 
 9.2.    Tax Withholding and Cash Award. The Company shall have the right, but not the
obligation, to deduct from the Cash Award issuable to a Participant upon the vesting of an Award, an amount equal to all or any part of the tax withholding obligations of the Participating Company Group. The Cash Award withheld to satisfy any such
tax withholding obligations shall not exceed the amount determined by the applicable minimum statutory withholding rates. In the event that the Cash Award is not sufficient to cover the tax withholding obligations of any Participating Company, the
Company may require a Participant to remit an amount equal to such tax withholding obligations to the Company in cash. 
  

	10.	 COMPLIANCE WITH SECURITIES LAW. 

The grant of Awards and the issuance of shares of Stock pursuant to any Award shall be subject to compliance with all applicable requirements
of federal, state and foreign law with respect to such securities and the requirements of any stock exchange or market system upon which the Stock may then be listed. In addition, no shares may be issued pursuant to an Award unless (a) a
registration statement under the Securities Act shall at the time of such issuance be in effect with respect to the shares issuable pursuant to the Award or (b) in the opinion of legal counsel to the Company, the shares issuable pursuant to the
Award may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act and the applicable state securities laws. The inability of the Company to obtain from any regulatory body having
jurisdiction the authority, if any, deemed by the Company’s legal 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. As a condition to issuance of any Stock, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any
applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 
  

	11.	 AMENDMENT OR TERMINATION OF PLAN. 

The Board may amend, suspend or terminate the Plan at any time. However, without the approval of the Company’s stockholders, there shall
be (a) no increase in the maximum aggregate number of shares of Stock that may be issued under the Plan and (b) no other amendment of the Plan that would require approval of the Company’s stockholders under any applicable law,
regulation or rule, including the rules of any stock exchange or quotation system upon which the Stock may then be listed or quoted. No amendment, suspension or termination of the Plan shall affect any then outstanding Award unless expressly
provided by the Board. Except as provided by the next sentence, no amendment, suspension or termination of the Plan may have a materially adverse effect on any then outstanding Award without the consent of the Participant. Notwithstanding any other
provision of the Plan or any Award Agreement to the contrary, the Board may, in its sole and absolute discretion and without the consent of any Participant, amend the Plan or any Award Agreement, to take effect retroactively or otherwise, as it
deems necessary or advisable for the purpose of conforming the Plan or such Award Agreement to any present or future law, regulation or rule applicable to the Plan, including, but not limited to, Section 409A of the Code. 

  
 -11- 

	12.	 MISCELLANEOUS PROVISIONS. 

12.1.    Forfeiture Events. The Board may specify in an Award Agreement that the Participant’s rights,
payments, and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of specified events, in addition to any otherwise applicable vesting or performance conditions of an Award.

 12.2.    Provision of Information. At least annually, copies of the Company’s balance sheet and
income statement for the just completed fiscal year shall be made available to each Participant and purchaser of shares of Stock upon the issuance of an Award; provided, however, that this requirement shall not apply if all offers and sales of
securities pursuant to the Plan comply with all applicable conditions of Rule 701 under the Securities Act. The Company shall not be required to provide such information to key persons whose duties in connection with the Company assure them access
to equivalent information. The Company shall deliver to each Participant such disclosures as are required in accordance with Rule 701 under the Securities Act. 

12.3.    Rights as Employee, Consultant or Director. No person, even though eligible pursuant to
Section 5, shall have a right to be selected as a Participant, or, having been so selected, to be selected again as a Participant. Nothing in the Plan or any Award granted under the Plan shall confer on any Participant a right to remain an
Employee, Consultant or Director or interfere with or limit in any way any right of a Participating Company to terminate the Participant’s Service at any time. To the extent that an Employee of a Participating Company other than the Company
receives an Award under the Plan, that Award shall in no event be understood or interpreted to mean that the Company is the Employee’s employer or that the Employee has an employment relationship with the Company. 

12.4.    Rights as a Stockholder. A Participant shall have no rights as a stockholder with respect to any
shares covered by an Award until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends,
distributions or other rights for which the record date is prior to the date such shares are issued, except as provided in Section 4.2 or another provision of the Plan. 

12.5.    Delivery of Title to Shares. Subject to any governing rules or regulations, the Company shall issue
or cause to be issued the shares of Stock acquired pursuant to an Award and shall deliver such shares to or for the benefit of the Participant by means of one or more of the following: (a) by delivering to the Participant evidence of book entry
shares of Stock credited to the account of the Participant or (b) by depositing such shares of Stock for the benefit of the Participant with any broker with which the Participant has an account relationship. 

12.6.    Fractional Shares. The Company shall not be required to issue fractional shares upon the settlement
of any Award. 
 12.7.    Retirement and Welfare Plans. Neither Awards made under this Plan nor shares of
Stock or Cash Award may be included as “compensation” for purposes of computing the 

  
 -12- 

 
benefits payable to any Participant under any Participating Company’s retirement plans (both qualified and non-qualified) or welfare benefit plans
unless such other plan expressly provides that such compensation shall be taken into account in computing a Participant’s benefits. 

12.8.    Severability. If any one or more of the provisions (or any part thereof) of this Plan shall be held
invalid, illegal or unenforceable in any respect, such provision shall be modified so as to make it valid, legal and enforceable, and the validity, legality and enforceability of the remaining provisions (or any part thereof) of the Plan shall not
in any way be affected or impaired thereby. 
 12.9.    No Constraint on Corporate Action. Nothing in this
Plan shall be construed to: (a) limit, impair, or otherwise affect the Company’s or another Participating Company’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business
structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company to take any action which such entity
deems to be necessary or appropriate. 
 12.10.    Choice of Law and Forum Selection. Except to the extent
governed by applicable federal law, the validity, interpretation, construction and performance of the Plan and each Award Agreement shall be governed by the laws of the State of California, without regard to its conflict of law rules. Any action
brought to enforce any claim to obtain any benefit under the Plan will be litigated in Santa Clara County state court in California or the United States District Court for the Northern District of California and no other. 

12.11.    Stockholder Approval. The Plan or any increase in the maximum aggregate number of shares of Stock
issuable thereunder as provided in Section 4.1 (the “Authorized Shares”) shall be approved by two-thirds of the outstanding securities of the Company entitled to vote prior to the
first issuance of any security hereunder. 
 12.12.    Employees Based Outside of the United States.
Notwithstanding any provision of this Plan to the contrary, in order to comply with the laws in other countries in which the Company or other members of the Participating Company Group operate or have Employees, Directors and/or Consultants, the
Board, in its sole discretion, shall have the power and authority to: 
  

	 	(a)	 Determine which members of the Participating Company Group shall be covered by this Plan;

  

	 	(b)	 Determine which Employees, Directors and Consultants outside the United States are eligible to
participate in this Plan; 

  

	 	(c)	 Modify the terms and conditions of any Award granted to Employees, Directors and Consultants outside the
United States to comply with applicable foreign laws; 

  

	 	(d)	 Establish subplans and modify exercise procedures and other terms and procedures, to the extent such
actions may be necessary or advisable. Any subplans and modifications to Plan terms and procedures established under this Section 12.12 by the Board shall be attached to this Plan document as appendices; and 

  
 -13- 

	 	(e)	 Take any action, before or after an Award is made, that it deems advisable to obtain approval or comply
with any necessary local government regulatory exemptions or approvals. 

 Notwithstanding the above, the Board may not take any actions
hereunder, and no Awards shall be granted, that would violate applicable law. 
 IN WITNESS WHEREOF, the undersigned Secretary of the
Company certifies that the foregoing sets forth the MegaChips Corporation Restricted Stock Unit Plan as duly adopted by the Board on May 13, 2016. 
  

	
	 /s/ Fujii Masayuki

	Corporate Secretary

  
 -14-EX-10.10

 Exhibit 10.10 

MEGACHIPS CORPORATION 

SITIME CORPORATION 

RESTRICTED STOCK UNIT AGREEMENT 

THIS RESTRICTED STOCK UNIT AGREEMENT (hereinafter, this “Agreement”) made as of the      day of
        , 20     (the “Agreement Date”), between MegaChips Corporation, a Japanese corporation (“MCC”), and SiTime Corporation, a Delaware
corporation (“SiTime”, together with MCC, the “Company”) on one hand, and                      (the
“Participant”) on other hand. 
 WHEREAS, the Participant is employed by, or otherwise renders services to, a
Participating Company; and 
 WHEREAS, the Company wishes to grant to the Participant an award of restricted stock units under the MegaChips
Corporation Restricted Stock Unit Plan (the “Plan”), and subject to the conditions and restrictions set forth in the Plan and this Agreement. Any capitalized terms used in this Agreement that are not otherwise defined herein
shall have the respective definitions set forth in the Plan. 
 NOW THEREFORE, in consideration of the mutual covenants contained in this
Agreement, the Company and the Participant agree as follows: 
 1.    Grant of Units. The Company
agrees to grant to the Participant                      restricted stock units (collectively, the “Units”), effective as of
            , 20    , Japan Standard Time. Each Unit represents a right to receive one share of common stock of MCC (“Common Stock”) or its
equivalent in cash, as set forth herein. Upon the Participant’s payment of One Cent per Unit (the “Consideration”) to the Company on each payment date set forth in Schedule 1 attached hereto, the number of
share(s) of Common Stock which is equal to     % of the Units that vest on the applicable payment date corresponding to the associated Notice Date (as defined below) shall be issued to the Participant (shares issued in
each such instance, collectively, the “Shares”) and the remaining     % of such vested Units shall be paid to the Participant in cash (in the manner as provided in Section 3) (the
“Cash Award”), as calculated based on the closing price of Common Stock as of such payment date. Prior to the issuance date of the Shares represented by a Unit, the Participant shall have no ownership interest in the Common
Stock represented by such Unit and the Participant shall have no right to vote, exercise proxies, or receive dividends or other distributions with respect to the Common Stock represented by such Unit. No stock certificates will be issued, and no
book entry will be made evidencing the Participant’s ownership of the Shares unless and until the Participant pays the Consideration in accordance with Section 2 below. The Units shall be subject to forfeiture and other restrictions as set
forth below. 
 2.    Vesting of Units. The Units will vest according to the schedule attached
hereto as Schedule 1, provided that the Participant has continuously provided Service (as defined in the Plan) for the Participating Company through the applicable payment date corresponding to such Notice Date and that the Consideration has
been paid on or before such payment date. If the Participant’s Service terminates for any reason, whether voluntarily or involuntarily (including as a result of the Participant’s death or disability), prior to the payment date associated
with the 

 
number of Units as set forth in the corresponding Application Notice (as defined below), then the Participant shall forfeit the Units as specified in such Application Notice. The Participant
shall also forfeit the Units if the Participant does not pay the Consideration on or before the applicable payment date as set faith in such Application Notice corresponding to such Notice Date. 

3.    Procedures for Issuance of Shares and Payment of Cash Award. On each notice date set forth in
Schedule 1 (the “Notice Date”), MCC shall provide the Participant with a Notice on Application for Subscription for Shares in substantially the form attached hereto as Annex A-1
(Japanese original) (the “Application Notice” and its English translation is attached hereto as Annex A-2); provided that if a Notice Date falls on a Saturday, Sunday or
MCC’s holiday, MCC shall provide the Participant with the Application Notice on the immediately preceding business day. Upon receipt of the Application Notice, the Participant shall submit to MCC a duly signed Application for Subscription for
Shares in substantially the form attached hereto as Annex B-1 (Japanese original) (the “Subscription Notice” and its English translation is attached hereto as Annex B-2). Upon receipt of the duly signed Subscription Notice and the Consideration, MCC shall provide the Participant with a share allotment notice in substantially the form attached hereto as Annex C-1 (Japanese original) (the “Allotment Notice” and its English translation is attached hereto as Annex C-2), provide for book entry
transfer of Shares to the Participant, and pay the applicable Cash Award to the Participant. For purposes of the foregoing, (a) the Consideration shall be deemed to have been paid by the Participant to MCC when SiTime has made such payment to
MCC on behalf of the Participant; (b) SiTime will collect the funds for the Consideration from the Participant in the payment period immediately following the Notice Date and will pay such Consideration to MCC; and (c) the applicable Cash
Award shall be deemed to be paid to the Participant upon MCC’s payment of such Cash Award to SiTime, which SiTime shall pay over to the Participant, less any legally required withholdings, on the next regularly scheduled payday for the
Participant. 
 4.    Status of Shares. Upon issuance of the Shares, they will: 

 

	 	(i)	 be credited as fully paid for; 

 

	 	(ii)	 rank equally with the other existing issued shares of Common Stock for dividends having a record date on or
after the date of issuance; and 

  

	 	(iii)	 otherwise rank equally with the other existing issued shares of Common Stock at the time of the issuance.

 5.    Forfeiture. If the Participant’s Service is terminated prior to the
applicable payment date corresponding to such a Notice Date for any reason or if the Participant does not pay the Consideration on or before the applicable payment date corresponding to such Notice Date, all of the unvested Units will be immediately
forfeited. In the event of such forfeiture, all rights to receive the Shares and the Cash Award with respect to such forfeited Units shall cease and terminate immediately. 

6.    Assignability/Beneficiary. The rights of the Participant with respect to the Units cannot and
shall not be sold, assigned, pledged or otherwise transferred or encumbered. 

 7.    Tax Reporting and Withholding. At the time
the Shares are to be issued and the Cash Payment is to be paid to the Participant, the Participant must make such arrangements satisfactory to the Company that are sufficient to satisfy any federal, state, local and foreign tax withholding
requirements with which the Participating Company must comply. The Company reserves the right to report such income in connection with the vesting of Units, the issuance of Shares, and the payment of Cash Awards, as determined in the Company’s
sole discretion to be appropriate under applicable laws. The Participant acknowledges and agrees that in the event that a Cash Award is not sufficient to cover the Participating Company’s tax withholding obligation, the Participant shall
promptly pay the amount of the shortfall to the Participating Company in immediately available funds. 

8.    Rights as a Shareholder. The Participant shall not be, nor have any rights of, a shareholder of
the Company or have any right to notice of meetings of shareholders or of any other proceedings of the Company prior to the issuance of Shares to the Participant. 

9.    Changes in Capital Structure. Subject to applicable law, the number of Shares to be issued to
the Participant upon the vesting of any Units will be adjusted appropriately in the event of any stock split, stock dividend, combination of shares, merger, consolidation, reorganization, or other change in the nature of the shares of Common Stock
in the same manner in which other outstanding shares of Common Stock not subject to this Agreement are adjusted; provided, however, that the number of shares subject to this Agreement shall always be a whole number. Notwithstanding the foregoing, in
the event that an increase in the number of the Shares is not permissible under applicable law, an equitable adjustment shall be made so that the Participant shall enjoy the same economic benefits as prior to such changes in capital structure. 

10.    Certain Representations and Warranties. The Participant hereby represents, warrants and agrees
with the Company as follows: 
  

	 	(i)	 Restricted Securities. The Participant understands that the Units are “restricted securities”
under applicable U.S. federal and state securities laws and that, under Section 6 above, the Participant cannot and shall not sell, assign, pledge or otherwise transfer or encumber the Units. The Participant further understands that the Shares,
once issued, are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to such laws, the Participant must hold the Shares indefinitely unless the Shares are registered with the Securities and
Exchange Commission and qualified by state authorities or an exemption from such registration and qualification requirements is available. The Participant acknowledges that the Company has no obligation to register or qualify the Shares. The
Participant further acknowledges that if an exemption from registration or qualification requirements is available, such exemption may be conditioned on various requirements, including, but not limited to, the time and manner of sale, the holding
period for the Shares, and on requirements relating to the Company which are outside of the Participant’s control and which the Company is under no obligation to, and may not be able to, satisfy. The Participant understands that the Participant
may not sell Shares pursuant to a safe harbor under Rule 144 of the Securities Act until one year has elapsed since the issuance of such Shares to the Participant. 

	 	(ii)	 Investment Risk. The Participant acknowledges that the Units and the Shares are speculative investments
that involve a substantial degree of risk of loss of the Participant’s entire investment in the Units and/or Shares, that the Participant understands the risks related to any grant of the Units and any purchase of the Shares, and that any
projections for the Company or any of its affiliates involve numerous assumptions, are inherently uncertain, and should not be used as a substantial basis for determining whether to acquire the Units or the Shares. 

 

	 	(iii)	 No Representations By the Company. Neither the Company, its affiliates nor any of their respective
officers, agents or employees, nor any other person has at any time expressly or implicitly represented, guaranteed or warranted to the Participant that (i) a percentage of profit and/or amount or type of consideration will be realized as a
result of an investment in the Shares, (ii) past performance or experience, on the part of any person indicates the predictable results of the ownership of the Units or the Shares or of the overall Company business, or (iii) any specific
tax benefits will accrue as a result of an investment in the Units or the Shares. 

  

	 	(iv)	 Consultation with Attorney. The Participant understands that he or she has not been represented in this
transaction by Squire Patton Boggs (US) LLP, which is counsel to the Company and its affiliates with respect to the subject matter hereof. The Participant has been advised to consult with the Participant’s own attorney and other professional
advisors regarding all legal and other matters concerning the Units or the Shares, including financial and tax consequences, and has done so, to the extent the Participant considers necessary. The Participant acknowledges that the tax consequences
to the Participant of the Units or the Shares will depend on the Participant’s particular circumstances, and neither the Company, its affiliates, nor any other person will be responsible or liable for the tax consequences to the Participant of
the Units or the Shares. The Participant will look solely to, and rely upon, the Participant’s own professional advisors with respect to the legal, financial and tax consequences of the Units and the Shares. 

 

	 	(v)	 Brokerage Account. The Participant understands that the Participant must open and maintain a brokerage
account with Daiwa Securities Co., Ltd., MCC’s designated broker (the “Broker”), to own or sell the Shares. Upon request, the Participant will promptly provide to the Broker information necessary for the Broker to open
and maintain the brokerage account for the Participant. The Participant acknowledges that the Participant’s brokerage account, once opened, is maintained by the Broker for the sole and exclusive benefit of the Participant as an individual to
own and sell the Shares, and that the Broker has no obligation to honor a request by the Participant to 

	 	
transfer beneficial ownership of any or all of the Shares to any family member (as defined in Rule 701 of the Securities Act, which includes a trust in which the Participant or the
Participant’s family members have more than 50% of the beneficial interests or any other entity in which the Participant or the Participant’s family members own more than 50% of the voting interests) of the Participant. The Participant
further understands that being an employee of the Participating Company is a precondition for the Participant to maintain the brokerage account with the Broker and that the Broker shall have no obligation to maintain such account after a thirty (30)
-day grace period from the one (1) -year anniversary of the termination of the Participant’s Services with the Participating Company for any reason. 

 

	 	(vi)	 Insider Trading Policy. The Participant acknowledges that MCC has adopted an Insider Trading Policy that
restricts the times and circumstances under which Insiders (as defined in the Insider Trading Policy) may trade in Common Stock and that the Insider Trading Policy requires Insiders to preclear any purchase or sale of Common Stock with the
applicable officer of MCC. The Participant has carefully reviewed and understands the Insider Trading Policy. The Participant will comply with the Insider Trading Policy in connection with any sale of the Shares. 

 

	 	(vii)	 Confirmation Agreement and Notice to the Tokyo Stock Exchange. The Participant understands that the
Enforcement Rules for Securities Listing Regulations adopted by the Tokyo Stock Exchange (the “TSE”), the stock exchange on which MCC’s shares are traded, requires the Participant, upon the issuance of the Shares, to
enter into a Confirmation Agreement with MCC in the form prescribed by the TSE. The Participant hereby agrees to promptly execute the Confirmation Agreement in such form as prescribed by the TSE (the “Confirmation Agreement”)
upon each issuance of the Shares. The Participant also understands that by signing the Confirmation Agreement, the Participant will agree that (a) MCC will promptly submit a copy of the Confirmation Agreement to the TSE, provided that the
Participant’s address will be blacked out in the submission copy to the TSE, (b) in connection with any sale of the Shares, the Participant will notify MCC in the prescribed form of certain information about such sale, including the name
and address of the transferee (if known), the number of shares sold, the selling price, the date and manner of the sale and the reason for the sale, and MCC in turn will submit the same information to the TSE in the prescribed form, and (c) a
copy of the Participant’s Confirmation Agreement (subject to the proviso of item (a) above) and the information, as submitted by MCC to the TSE pursuant to items (a) and (b) above, will become publicly available through the TSE’s
public disclosure system. 

 11.    Continued Employment. If the Participant is
an Employee, nothing contained herein shall be construed as conferring upon the Participant the right to continue in the employ of the Company or as changing the at-will relationship between the Participant
and the Participating Company. 

 12.    Parties to Agreement. All decisions or
interpretations of the Board and of the Committee with respect to this Agreement, the Units and the Shares shall be binding and conclusive upon the Participant and upon the Participant’s executors, administrators, beneficiaries, successors and
assigns. This Agreement will constitute an agreement between the Company and the Participant as of the date first above written, which shall bind and inure to the benefit of their respective executors, administrators, beneficiaries, successors and
assigns. 
 13.    Modification. No change, termination, waiver or modification of this Agreement
will be valid unless in writing and signed by all of the parties to this Agreement. 
 14.    Consent to
Jurisdiction and Venue. The Participant and the Company hereby consent irrevocably and unconditionally to the exclusive jurisdiction of the courts of the state of California for purposes of the enforcement of this Agreement. Any action
brought to enforce any claim to obtain any benefit under the Plan will be litigated in Santa Clara County state court in California or the United States District Court for the Northern District of California and no other. The Participant waives any
objection to venue of any action instituted under this Agreement. 
 15.    Notices. Any document
relating to participation in the Plan, or any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery, electronic delivery at the e-mail
address, if any, provided for the Participant by the Company, or, upon deposit in the U.S. Post Office or foreign postal service, by registered or certified mail, or with an internationally recognized overnight courier service, with postage and fees
prepaid, addressed to the other party at the address designated in writing from time to time to the other party. 

16.    Further Assurances. At any time, and from time to time after executing this Agreement, the
Participant will execute such additional instruments and take such actions as may be reasonably requested by the Company to confirm or perfect or otherwise to carry out the intent and purpose of this Agreement. 

17.    Provisions Severable. If any provision of this Agreement is invalid or unenforceable, it shall
not affect the other provisions, and this Agreement shall remain in effect as though the invalid or unenforceable provisions were omitted. Upon a determination that any term or other provision is invalid or unenforceable, the Company shall in good
faith modify this Agreement so as to effect the original intent of the parties as closely as possible. 

18.    Captions. Captions herein are for convenience of reference only and shall not be considered in
construing this Agreement. 
 19.    Entire Agreement; Effect of Plan. This Agreement represents
the parties’ entire understanding and agreement with respect to the grant of the Units and the issuance of the Shares, and each of the parties acknowledges that it has not made any, and makes no, promises, representations or undertakings, other
than those expressly set forth or referred to herein. This Agreement supersedes any prior understanding or agreement between the parties and any prior condition, warranty, indemnity or representation imposed, given or made by a party, with respect
to the subject matter hereof; provided, however, that this Agreement is subject to the terms and conditions set forth in the Plan. 

 20.    Governing Law. This Agreement is subject to
the condition that all Awards that are the subject of this Agreement will conform with any applicable provisions of any state or federal law or regulation (including any stock exchange regulation) in force either at the time of grant or issuance of
the Units and the Shares, as applicable. The Company reserves the right pursuant to the condition mentioned in this section to terminate all or a portion of this Agreement if, in the reasonable opinion of the Company, this Agreement does not conform
with any such applicable state, federal or foreign law or regulation and such nonconformance shall cause material harm to the Company. This Agreement shall be construed in accordance with and governed by the laws of the state of California, without
regard to conflicts of laws principles thereof. 
 21.    409A Compliance. Notwithstanding any
other provisions of the Agreement herein to the contrary and, to the extent applicable, this Agreement shall be interpreted, construed and administered in such manner so as to comply with the provisions of Section 409A of the Code and any
related Internal Revenue Service guidance promulgated thereunder. 
 22.    Waiver. The failure of
either party at any time to insist on performance of any provision of this Agreement is not a waiver of its right at any later time to insist on performance of that or any other provision of this Agreement. 

23.    Confidentiality. The terms of this Agreement and any subsequent amendments are confidential
and may not be disclosed by either party to any other person, other than: 
  

	 	(i)	 by a party to its professional advisers, attorneys, bankers, financial advisers and financiers if those persons
undertake to keep this deed confidential; or 

  

	 	(ii)	 to the extent required by law or by a court, regulatory body or under the rules of any stock exchange on which
the Common Stock of the Company is then traded. 

 24.    Headings. Headings are
for ease of reference only and do not affect the meaning of this Agreement. 
 25.    Taxes. Other
than as may be provided in Section 7 above, the Company is not responsible for any taxes arising from the grant of Units, the issuance of Shares, the payment of Cash Awards, or any sale of the Shares. 

26.    Counterparts. This Agreement may be signed in counterparts and all counterparts taken together
shall constitute one document. 
 27.    Language. If this Agreement is translated in any language,
the English version shall be controlling in all respects; provided, however, if there is any discrepancy between the Japanese version of the Application Notice, the Subscription Notice and the Allotment Notice and the English version of these
notices, the Japanese version shall be controlling. 
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 IN WITNESS WHEREOF, the parties hereto have executed this Restricted Stock Unit
Agreement as of the Agreement Date. 
  

			
	MEGACHIPS CORPORATION
		
	By:	 	  

		 	Akira Takata
		 	President and CEO
	
	SITIME CORPORATION
		
	By:	 	  

		 	Rajesh Vashist
		 	President and CEO
	
	PARTICIPANT
		
	By:

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