Document:

Letter agreement with John Macneil dated March 10, 2004

 Exhibit 10.17 
  
 THIS AGREEMENT is made 10th March 2004 
  
 BETWEEN:-

  

	 	(1)	Trikon Technologies Inc, whose registered office is at Ringland Way, Newport, South Wales, NP18 2TA and 

  

	 	(2)	Dr John Macneil 

  
 NOW IT IS HEREBY AGREED AS FOLLOWS: 
  

	1.	APPOINTMENT: 

  
 The company shall employ the Employee and the Employee shall serve the Company as Acting Chief Executive Officer and President of Trikon Technologies Inc.

  
 The Employee will report to the Executive Committee of the
Board of Directors of Trikon Technologies Inc. (“The Board”) and shall be a member of the Board of Directors of Trikon Technologies Inc. 
  
 The Employee will be employed by Trikon Technologies in the UK and be subject to the employment law and conditions of employment pursuant in the UK.

  

	2	DURATION OF EMPLOYMENT AND PERIOD OF NOTICE: 

  
 The employment, in this position, shall be from 10th March 2004. Employment shall continue thereafter until determined by either party giving to the other not less than six calendar months previous notice in writing (subject always to clause 10
hereinafter). All notice payments will be based on basic salary only and will not include any bonus amounts. 
  
 The Employee’s employment with the Company shall terminate on the sixty-fifth birthday of the Employee without any need for prior notice. 

 

	3.	DUTIES OF EMPLOYEE: 

  

	 	3.1	Whilst he is engaged by the Company under this Agreement, the Employee shall use his best endeavours to promote the interests of the Company for the time being and shall devote so
much of his time and attention and abilities as is reasonably necessary for the proper performance of his duties hereunder and to ensure satisfactory operation of the business of the Company and of it’s subsidiary and associated companies.

  

	 	3.2	Executive Director 

  

	 	3.2.1	The employee shall perform such duties and exercise such powers, authorities and discretions as the Board shall vest in 

 him subject to such restrictions as the Board may impose and shall have power to appoint and dismiss
employees and consultants and enter into any contact on behalf of the company in the ordinary course of its business to do all other acts in the ordinary course of the Company’s business consistent with his position as a Director provided that
the Employee shall at all times conform to the written instruction of the Board. 
  

	 	3.2.2	The Employee shall perform such duties in such locations as the Board shall from time to time reasonably request having regard to the age experience and qualifications of the
Employee and after having regard to the reasonable requirements of the employee in connection with this personal and/or family circumstances. 

  

	 	3.3	The duties of the Employee hereunder shall extend worldwide, and will require travel abroad. 

  

	 	3.4	For the duration of this Agreement, the Employee shall not be concerned with any other business enterprise. 

  

	 	3.5	The Employee shall not (except in the proper course of his duties or unless ordered to do so by a Court of competent jurisdiction) divulge any information concerning the business,
transactions, secrets or affairs of the Company or of any of its subsidiaries or associated companies either during or after his employment with the Company. During his employment with the Company he shall use his best endeavours to prevent the
disclosure of such information by third parties and shall not in any way use or attempt to use such knowledge or information which may injure or cause loss directly or indirectly to the Company or any subsidiary or associated company or use his
personal knowledge of or influence over any subsidiary or associated company so as to take personal advantage of their trade or business connections. 

  

	 	3.6	All notes and memoranda of any trade secrets or any other information concerning the business of the company and its subsidiaries and associated companies which shall be made or
received by the Employee during the course of his employment hereunder or which may already be in his possession shall be surrendered by the Employee to someone duly authorised at any time during the course of his employment.

  

	4.	REMUNERATION: 

  

	 	4.1	The remuneration of the Employee during the continuance of his employment hereunder shall be an annual salary of £130,000 per annum which shall accrue from day to day and
shall be payable in arrears by equal monthly instalments (i.e. £10,833 x 12 months) on the 28th day of every month. 

  

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	 	4.2	The employee will be paid a one time bonus of £20,000 on taking up the position. This bonus will be forfeit and repayable to the Company in the event that the Employee resigns
as Acting Chief Executive and President of Trikon Technologies within six months of the above date, except in the case of resignation with cause as per section 18 below when the bonus would not be repayable. 

  

	 	4.3	The Employee will be eligible for a bonus plan that may vary from year to year, as determined by the Board depending upon the strategic goals and objectives of the Board. The
detailed targets and incentives will be set by the board to reflect company objectives, resources and opportunities. 

  

	 	4.4	A grant of stock options will be made to the Employee as soon as share holder approval is gained for a new Stock Option Plan, meanwhile the Board of Directors intends to approve a
one year grant of 25,000 Cash Settled Stock Appreciation Rights. 

  

	 	4.4	Employee performance in this position will be reviewed no later than December 31st 2004 and a decision made at that point to either (a) make the appointment permanent, or (b) search for a permanent replacement and meanwhile extend the position as Acting CEO for a further three to
six months. In the latter eventuality the Employee would have the option, on appointment of a replacement CEO, to either return to his previous position as Chief Technical Officer or resign with cause as provided in section 18 below.

  

	 	4.5	The salary payable under 4.1 above shall be reviewed by the Company on January 1st 2005, or at such earlier date as the Board shall decide to make the position permanent, and annually thereafter. Such remuneration shall be inclusive of any remuneration to which the Employee shall be
entitled as Director of the Company or any of its subsidiaries or associated companies. 

  

	5.	REIMBURSEMENT OF EXPENSES: 

  
 The Company shall reimburse the Employee all travel, hotel and any other out-of-pocket expenses reasonably and properly incurred by him exclusively in
connection with the performance of his duties hereunder. As you will be required to liase directly with overseas subsidiaries the company will pay all reasonable home telephone expenses. 
  

	6.	PROVISION OF A MOTOR CAR: 

  
 To assist the Employee to carry out his duties hereunder the Company will provide, license and insure a suitable four or five door motor car for the
Employee during the currency of his Agreement, costing the Company a lease cost of no more than £1000 per month, based on a four year, 100,000 mile 
  

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 lease agreement. The company shall pay all running expenses, maintenance and outgoings insofar as the
Employee in the performance of his duties reasonably incurs them. This car will at all times remain the property of the company. The Employee shall be entitled to use the car reasonably for his private purpose without payment and the Company will
bear the cost of fuel for such use. 
  
 Alternatively, the
Employee may choose to have a car allowance of £1000 per month instead of a company car. If the employee chooses this option he should drive a four or five door car suitable for carrying out his duties. In this case insurance, running expenses
and maintenance will be the responsibility of the Employee. The company will bear the cost of all business and reasonable private fuel. 
  

	7.	PENSION AND HEALTH INSURANCE 

  
 The employer will make pension contributions on your behalf to the Group Personal Pension Plan. The employer will make 1.5 times the percentage
contribution made by you, to a maximum employer contribution of 15%. For example, if you contribute 6%, the employer will contribute 9%. 
  
 The employer will pay for you, your partner, and dependent children, to be enrolled in the company private healthcare insurance plan. 
  

	8.	HOLIDAY ENTITLEMENT: 

  
 The Employee shall be entitled to 25 working days paid holiday in each calendar year (in addition to UK public holidays) to be taken at such time or times
as may be agreed between the Company and the Employee. 
  

	9.	PATENTS AND INVENTIONS: 

  

	 	9.1	The rights of the parties hereto in any invention, patent, utility model, design copyright, technology and know-how of all types (including test and performance data, processes,
production methods) or other intellectual property, including improvement to all such matters and all recorded material defining describing or illustrating such matter whether in writing or other recording media an whether stored in plain or in code
from (herein referred to collectively as “Technology”) shall be as follows:- 

  

	 	9.1.1	An invention within the scope of Section 39 of the Patents Act 1977 made by the employee in the course of his normal duties or duties specifically assigned to him, or by the
Employee at the time of occupying a post in the management structure of the Company such that he has a special obligation to further the Company’s interest so that It ought to be regarded as the property of the Company, shall belong to the
Company as provided in the said section 39. 

  

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	 	9.1.2	Other Technology including inventions not within the preceding paragraph devised or discovered by the Employee which related to the business of the Company or to any other business
which might conveniently or otherwise be carried on in conjunction with the company’s present or known or expected future business shall be offered to the Company by the Employee and if the company accepts the same the Employee shall be
entitled to such reasonable compensation as the Board may decide. 

  

	 	9.1.3	In the case of any other Technology belonging to or possessed by the Employee, the Company shall have a right of first refusal of the same. Should the Company refuse to take up
rights the Employee shall not offer such rights to any other person on more favourable terms than were offered to the Company. 

  

	 	9.1.4	In every instance where the Employee devises or discovers any Technology he shall, as soon as practical inform a member of the Board of the subject matter of the Technology in
confidence. In the event that the said subject matter is accepted and adopted by the Company, whether patentable or otherwise registerable, the Employee shall promptly (whether during the continuance of employment with the company or thereafter) at
the request and cost of the Company sign all documents application forms in order to best the same in the Company. It shall be the duty of the Employee to maintain and keep all proper and correct records of the said subject matter, as it may be
desirable for future reference. 

  

	10	TERMINATION:  

  

	 	10.1	This Agreement may be terminated forthwith by the Company without prior notice (except of paragraph 10.1.4 hereof) if the Employee shall at any time: - 

  

	 	10.1.1	Commit any serious or after due warning any persistent breach of any of the provisions herein contained; 

  

	 	10.1.2	Be guilty of any grave misconduct or wilful neglect in the discharge of his duties hereunder or in connection with the business of the Company or any of its subsidiary or associated
companies; 

  

	 	10.1.3	Become bankrupt or make any arrangement or composition with his creditors; 

  

 5 

	 	10.1.4	Become permanently incapacitated by accident or ill-health from performing his duties under this Agreement provided that in such case the Company shall give the Employee not less
than three month’ notice in writing; 

  

	 	10.1.5	Be convicted of any criminal offence triable on indictment (other than a motoring offence not resulting in imprisonment); or 

  

	 	10.1.6	Be disqualified from being a Director of a company. 

  

	 	10.2	Any termination of the Employee’s employment hereunder shall be without prejudice to any other rights of the Company. 

  

	11.	LIQUIDATION 

  
 In the event of this Agreement being determined by reason of the liquidation of the Company for the purposes of amalgamation or reconstruction and the
Employee being offered employment with any concern or undertaking resulting from such reconstruction or amalgamation on terms or conditions not less favourable than the terms of this Agreement then the Employee shall have no claim against the
Company in respect of such determination. 
  

	12.	RESTRICTION ON SUBSEQUENT ACTIVITIES: 

  

	 	12.1	As the Employee in the course of his employment is likely to obtain knowledge of the Company’s trade secrets and other confidential information will have dealings with the
customers and suppliers of the Company, in order to protect the goodwill and business of the Company the Employee agrees, “without prejudice” to any other duty implied by law or equity, that in the event of the Employee’s employment
with the Company being terminated in any way whatsoever shall not: - 

  

	 	12.1.1	During the Employee’s period of notice of termination of employment, or, where the Employee receives pay in lieu of notice, the Employee shall not until the notice period, or
pay in lieu of notice period, has expired: 

  

	 	(a)	Be involved in the start up of a directly competitive business. 

  
 Or 
  

	 	(b)	Accept a position with a directly competitive business. 

  
 Or 
  

	 	(c)	Act as a consultant for a directly competitive business. 

  

	 	12.1.2	For a period of two years: 

  

	 	(a)	Induce or attempt to induce (directly or indirectly) any person to leave the employment of the Company or any subsidiary or associated company. 

  

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	 	12.1.3	At any time after such termination: 

  

	 	(a)	Disclose or make use of the Company’s trade secrets or information concerning the business, transactions or affairs or the Company or other confidential information (or of any
subsidiary or associated company); or 

  

	 	(b)	Hold himself out to the detriment of Trikon Technologies as having had any connection or association with the Company. 

  

	13.	DIRECTORSHIP OF COMPANY AND SUBSIDIARIES: 

  

	 	13.1	The Employee shall not resign his office as a Director of the Company during the continuance of his employment hereunder. 

  

	 	13.2	Upon the termination of employment the Employee agrees to resign as a Director of the Company or any subsidiary or associated companies. 

  

	14.	PRIOR AGREEMENTS: 

  
 This Agreement supersedes any subsisting agreement relating to the employment by the Company of the Employee. 
  

	15.	MEDICAL EXAMINATION: 

  
 The Employee may be required to attend and undergo at the Company’s expense an annual medical examination with the Company’s medical advisor and
the Employee will be entitled to be shown the full results of such medical examination. 
  

	16.	DISPUTES PROCEDURE:  

  
 The procedure for the settlement of any grievance of the Employee relating to his employment is in the first instance, for the Employee to raise and
submit such grievance either orally or in writing to the Chairman of the Board of Directors of Trikon Technologies Inc. If such grievance is not resolved to the satisfaction of the Employee within a reasonable time after such submission the Employee
may ask for the matter to be passed for consideration to the full Board and the Employee shall be entitled to submit such grievance either orally or in writing to the Board or shareholders. 
  

	17.	TERMINATION OF EMPLOYMENT: 

  
 The termination of the Employee’s employment with the Company for any reason whatsoever shall not affect any of the provisions hereof as are
expressed to operate or have effect hereafter. 
  

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	18.	RESIGNATION WITH CAUSE  

  
 In the event that the Company completes a merger or acquisition and can not offer the Employee comparable employment going forward, or the Employee feels
unable to fulfill his duties going forward, or in the event that a majority of the members of the Board of Directors resign or are replaced and the newly constituted Board appoints a new Chief Executive Officer, then the Employee shall have the
right to resign his position with the Company and receive a termination payment, this right will apply from the date of such event until 90 days thereafter only. The termination payment will be the sum of the relevant notice payment as detailed in
section 2 above, plus a severance payment equal to one half of the total earnings (base salary plus bonus) paid by the Company to the Employee during the preceding 12 months. 
  
 AS WITNESS the hands of the parties hereto the day and year first above written. 
  
 SCHEDULE: 
  
 In accordance with Employment Protection (Consolidation) act 1978, the following terms of the Employee’s employment apply on the date
of this Agreement: 
  

	(a)	Job Title – see Clause 1. 

  

	(b)	Date of Commencement of Employment – see Clause 2. 

  

	(c)	Date of commencement of continuous period of employment for purpose of Clause 2. As in (b) above 

  

	(d)	Remuneration – see Clause 4 

  

	(e)	Hours of Work – there are no fixed hours of work – see Clause 3. 

  

	(f)	Holidays – see Clause 8 

  

	(g)	Discipline and grievance procedure – see Clause 16. There are no specific disciplinary rules applicable to the Employee. If the Employee is dissatisfied with any disciplinary
decision he should seek satisfaction in accordance with the grievance procedure laid down in Clause 16. 

  

			
	 SIGNED by
	 	 SIGNED by

		
	 Richard Conn
	 	 John Macneil

	 For and on behalf of
	 	 
	 TRIKON TECHNOLOGIES Inc.
	 	 
		
	 In the presence of: -
	 	 In the presence of: -

  
 (Both parties should
additionally initial each page of this agreement) 
  

 82004 Stock Appreciation Rights Plan as adopted April 24, 2004

 Exhibit 10.18 
  
 TRIKON TECHNOLOGIES, INC. 
  
 2004 STOCK APPRECIATION RIGHT PLAN 
  
 (Effective April 24, 2004) 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page

	 SECTION 1 BACKGROUND AND PURPOSE
	  	1
			
	         1.1
	 	Background and Effective Date	  	1
	         1.2
	 	Purpose of the Plan	  	1
		
	 SECTION 2 DEFINITIONS
	  	1
			
	         2.1
	 	“Affiliate”	  	1
	         2.2
	 	“Applicable Laws”	  	1
	         2.3
	 	“Board” or “Board of Directors”	  	1
	         2.4
	 	“Code”	  	1
	         2.5
	 	“Committee”	  	1
	         2.6
	 	“Company”	  	1
	         2.7
	 	“Director”	  	2
	         2.8
	 	“Disability”	  	2
	         2.9
	 	“Employee”	  	2
	         2.10
	 	“Exchange Program”	  	2
	         2.11
	 	“Exercise Price”	  	2
	         2.12
	 	“Fair Market Value”	  	2
	         2.13
	 	“Fiscal Year”	  	2
	         2.14
	 	“Grant Date”	  	2
	         2.15
	 	“Nonemployee Director”	  	2
	         2.16
	 	“Participant”	  	2
	         2.17
	 	“Plan”	  	2
	         2.18
	 	“SAR Agreement”	  	2
	         2.19
	 	“Shares”	  	2
	         2.20
	 	“Stock Appreciation Right” or “SAR”	  	3
	         2.21
	 	“Subsidiary”	  	3
	         2.22
	 	“Termination of Service”	  	3
		
	 SECTION 3 ADMINISTRATION
	  	3
			
	         3.1
	 	The Committee	  	3
	         3.2
	 	Authority of the Committee	  	3
	         3.3
	 	Delegation by the Committee	  	3
	         3.4
	 	Decisions Binding	  	4
		
	 SECTION 4 STOCK APPRECIATION RIGHTS
	  	4
			
	         4.1
	 	Grant of SARs	  	4
	         4.2
	 	SAR Agreement	  	5
	         4.3
	 	Exercisability of SARs	  	5
	         4.4
	 	Expiration of SARs	  	5
	         4.5
	 	Payment of SAR Amount	  	5
	         4.6
	 	Limitation on Payment of SAR Amount	  	6
		
	 SECTION 5 MISCELLANEOUS
	  	6
			
	         5.1
	 	Deferrals	  	6

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 

					
	 	 	 	  	Page

	         5.2
	 	No Effect on Employment or Service	  	6
	         5.3
	 	Participation	  	6
	         5.4
	 	Indemnification	  	6
	         5.5
	 	Successors	  	7
	         5.6
	 	Limited Transferability of SARs	  	7
	         5.7
	 	Beneficiary Designations	  	7
		
	 SECTION 6 AMENDMENT, TERMINATION, DURATION AND ADJUSTMENTS
	  	7
			
	         6.1
	 	Amendment, Suspension, or Termination	  	7
	         6.2
	 	Duration of the Plan	  	7
	         6.3
	 	Adjustments	  	4
		
	 SECTION 7 TAX WITHHOLDING
	  	7
			
	         7.1
	 	Withholding Requirements	  	7
	         7.2
	 	Withholding Arrangements	  	8
		
	 SECTION 8 LEGAL CONSTRUCTION
	  	8
			
	         8.1
	 	Gender and Number	  	8
	         8.2
	 	Severability	  	8
	         8.3
	 	Requirements of Law	  	8
	         8.4
	 	Governing Law	  	8
	         8.5
	 	Captions	  	8
		
	 EXECUTION
	  	12

  

 -ii- 

 TRIKON TECHNOLOGIES, INC. 
 2004 STOCK APPRECIATION RIGHT PLAN 
  
 SECTION 1 
 BACKGROUND AND PURPOSE 
  
 1.1 Background and Effective Date. The Plan permits the grant of Stock Appreciation Rights. The Plan is effective as
of April 24, 2004. 
  
 1.2 Purpose of the Plan. The Plan is
intended to attract, motivate, and retain (a) employees of the Company and its Affiliates and (b) directors of the Company who are employees of neither the Company nor of any Affiliate. The Plan also is designed to motivate employees and directors
of the Company and its Affiliates to perform to the best of their abilities and to achieve the Company’s objectives by allowing them to participate in the increased value of the Company which their efforts, initiative, and skill have helped
produce. 
  
 SECTION 2 
 DEFINITIONS 
  
 The following words and phrases shall have the following meanings unless a different meaning is plainly required by the context: 
  
 2.1 “Affiliate” means any corporation or any other entity
(including, but not limited to, partnerships and joint ventures) controlling, controlled by, or under common control with the Company. 
  
 2.2 “Applicable Laws” means the requirements relating to the administration of the Plan under U.S. state corporate law, U.S. federal and
state securities laws, the Code, any stock exchange or quotation system on which the Shares are listed or quoted and the applicable laws, including securities or tax laws, of any foreign country or jurisdiction where SARs are granted under the Plan.

  
 2.3 “Board” or “Board of
Directors” means the Board of Directors of the Company. 
  
 2.4 “Code” means the Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such
section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation. 
  
 2.5 “Committee” means the committee appointed by the Board (pursuant to Section 3.1) to administer the Plan, or, if no Committee has been
appointed, the Board. 
  
 2.6 “Company” means
Trikon Technologies, Inc., a Delaware corporation, or any successor thereto. 
  

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 2.7 “Director” means any individual who is a member of the Board of Directors of the
Company. 
  
 2.8 “Disability” means a permanent
and total disability within the meaning of Section 22(e)(3) of the Code. 
  
 2.9 “Employee” means any employee of the Company or of an Affiliate, whether such employee is so employed at the time the Plan is adopted or becomes so employed subsequent to the adoption of the Plan.

  
 2.10 “Exchange Program” means a program
established by the Committee under which outstanding SARs are amended to provide for a lower Exercise Price or surrendered or cancelled in exchange for (a) new SARs (which may have lower Exercise Prices), (b) a different type of SAR under a
different plan of the Company, (c) cash, (d) a combination of (a), (b) and/or (c), or (d) the reduction of the Exercise Price of an outstanding SAR. 
  
 2.11 “Exercise Price” means the price at which a Participant may exercise a SAR covering one Share. 
  
 2.12 “Fair Market Value” means the closing price per Share
on the Nasdaq National Market on the relevant date, or if there were no sales on such date, the arithmetic mean of the closing price per Share on the nearest day before and the nearest day after the relevant date, as determined by the Committee. In
the absence of an established market for the Shares, fair market value shall be determined in good faith by the Committee. Notwithstanding the preceding, for federal, state, and local income tax reporting purposes, fair market value shall be
determined by the Committee (or its delegate) in accordance with uniform and nondiscriminatory standards adopted by it from time to time. 
  
 2.13 “Fiscal Year” means the fiscal year of the Company. 
  
 2.14 “Grant Date” means, with respect to a SAR, the date that the SAR was granted. 
  
 2.15 “Nonemployee Director” means a Director who is an
employee of neither the Company nor of any Affiliate. 
  
 2.16
“Participant” means an Employee or Nonemployee Director who has an outstanding SAR. 
  
 2.17 “Plan” means the Trikon Technologies, Inc. 2004 Stock Appreciation Right Plan, as set forth in this instrument and as hereafter
amended from time to time. 
  
 2.18 “SAR
Agreement” means the written agreement setting forth the terms and provisions applicable to each SAR granted under the Plan. 
  
 2.19 “Shares” means the shares of common stock of the Company. 
  

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 2.20 “Stock Appreciation Right” or “SAR” means a stock appreciation right
granted pursuant to the Plan. 
  
 2.21
“Subsidiary” means any corporation in an unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing fifty percent (50%) or
more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
  
 2.22 “Termination of Service” means (a) in the case of an Employee, a cessation of the employee-employer relationship between the
Employee and the Company or an Affiliate for any reason, including, but not by way of limitation, a termination by resignation, discharge, death, Disability, retirement, or the disaffiliation of an Affiliate, but excluding any such termination where
there is a simultaneous reemployment by the Company or an Affiliate; and (b) in the case of a Nonemployee Director, a cessation of the Director’s service on the Board for any reason, including, but not by way of limitation, a termination by
resignation, death, Disability, retirement or non-reelection to the Board. 
  
 SECTION 3 
 ADMINISTRATION 
  
 3.1 The Committee. The Plan shall be administered by the Committee. With respect to grants made under the Plan to
Employees and Directors other than the Chief Executive Officer, the Committee shall consist of the Chief Executive Officer of the Company and the members of the Executive Committee of the Board of Directors, who shall be appointed from time to time
by, and shall serve at the pleasure of, the Board of Directors. With respect to grants made under the Plan to the Chief Executive Officer of the Company, the Committee shall consist of the Board. 
  
 3.2 Authority of the Committee. It shall be the duty of the Committee
to administer the Plan in accordance with the Plan’s provisions. The Committee shall have all powers and discretion necessary or appropriate to administer the Plan and to control its operation, including, but not limited to, the power to (a)
determine which Employees and Directors shall be granted SARs, (b) prescribe the terms and conditions of the SARs, (c) interpret the Plan and the SARs, (d) adopt such procedures and subplans as are necessary or appropriate to permit participation in
the Plan by Employees and Directors who are foreign nationals or employed outside of the United States, (e) adopt rules for the administration, interpretation and application of the Plan as are consistent therewith, (f) interpret, amend or revoke
any such rules, and (g) effect, with the approval of the stockholders, at any time and from time to time, an Exchange Program. 
  
 3.3 Delegation by the Committee. The Committee, in its sole discretion and on such terms and conditions as it may provide, may delegate all or any
part of its authority and powers under the Plan to one or more Directors or officers of the Company, subject to the requirements of Applicable Law.  
  

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 3.4 Decisions Binding. All determinations and decisions made by the Committee, the Board, and any
delegate of the Committee pursuant to the provisions of the Plan shall be final, conclusive, and binding on all persons, and shall be given the maximum deference permitted by law. 
  
 SECTION 4 
 SHARES
SUBJECT TO THE PLAN 
  
 4.1 Number of Shares. Subject to
adjustment as provided in Section 4.3, the total number of SARs available for grant under the Plan shall not pertain to more than 100,000 Shares. 
  
 4.2 Lapsed Awards. If a SAR is settled in cash or is cancelled, terminates, expires, or lapses for any reason, any Shares covered by such SAR again
shall be available to be the subject of a SAR, except as determined by the Committee.  
  
 4.3 Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split,
reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs such that an
adjustment is determined by the Committee (in its sole discretion) to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made under the Plan, then the Committee shall, in such manner as it
may deem equitable, adjust the number and class of Shares covered by SARs that may be delivered under the Plan pursuant to Section 4.1, the number and class of Shares pertaining to outstanding SARs, the exercise price of outstanding SARs, and the
numerical limits of Sections 5.1. Notwithstanding the preceding, the number of Shares pertaining to any SAR always shall be a whole number. 
  
 SECTION 5 
 STOCK APPRECIATION RIGHTS

  
 5.1 Grant of SARs. Subject to the terms and conditions
of the Plan, a SAR may be granted to Employees and Directors at any time and from time to time as shall be determined by the Committee, in its sole discretion. 
  

5.1.1 Number of Shares. The Committee shall have complete discretion to determine the number of SARs granted to any Participant, provided that
during any Fiscal Year, no Participant shall be granted SARs covering more than 50,000 Shares. 
  
 5.1.2 Exercise Price and Other Terms. The Committee, subject to the provisions of the Plan, shall have complete discretion to determine the terms and conditions of SARs granted under the Plan. However, unless
otherwise determined by the Committee, the exercise price of a SAR shall be the Fair Market Value of a Share on the date of grant. 
  

 -4- 

 5.2 SAR Agreement. Each SAR grant shall be evidenced by a SAR Agreement that shall specify the
exercise price, the term of the SAR, the conditions of exercise, and such other terms and conditions as the Committee, in its sole discretion, shall determine. 
  

5.3 Exercisability of SARs. SARs granted under the Plan shall be exercisable at such times and be subject to such restrictions and conditions as
the Committee shall determine in its sole discretion. After a SAR is granted, the Committee, in its sole discretion, may accelerate the exercisability of the SAR. 
  
 5.4 Expiration of SARs. 
  
 5.4.1 Expiration Dates. Each SAR shall terminate no later than the first to occur of the following events: 
  
 (a) The date for termination of the SAR determined by the Committee, in its
sole discretion, and set forth in the written SAR Agreement; or 
  
 (b) If no date for the termination of the Option is set forth in the written SAR Agreement (other than reference to Section 5.4.1(c)), the expiration of three (3) months from the date of the Participant’s Termination of Service for any
reason; or 
  
 (c) The expiration of thirteen (13) months from
the Grant Date. 
  
 5.4.2 Death of Participant.
Notwithstanding Section 5.4.1, if a Participant dies prior to the expiration of his or her SARs, the Committee, in its discretion, may provide that his or her SARs shall be exercisable for up to one (1) year after the date of death. 
  
 5.4.3 Committee Discretion. Subject to the limits of Sections 5.4.1
and 5.4.2, the Committee, in its sole discretion, (a) shall provide in each SAR Agreement when each SAR expires and becomes unexercisable, and (b) may, after a SAR is granted, extend the maximum term of the SAR. 
  
 5.5 Payment of SAR Amount. Upon exercise of a SAR, a Participant shall
be entitled to receive payment from the Company, subject to the limitations of Section 5.6, in an amount determined by multiplying: 
  
 (a) The difference between the Fair Market Value of a Share on the date of exercise over the Exercise Price; times 
  
 (b) The number of Shares with respect to which the SAR is exercised.

  
 The payment upon SAR exercise shall be in cash. Such payment
shall be paid solely from the general assets of the Company. Nothing in this Plan shall be construed to create a trust or establish or evidence any Participant’s claim of any right other than as an unsecured general creditor with respect to any
payment to which he or she may be entitled. 
  

 -5- 

 5.6 Limitation on Payment of SAR Amount. Notwithstanding anything in Section 5.5 to the contrary,
the payment a Participant shall be entitled to receive from the Company upon exercise of a SAR shall be limited to an amount equal to five dollars ($5) multiplied by the number of Shares with respect to which the SAR is exercised. 
  
 5.7 Payment of SAR Amount Upon Termination of Plan. Upon the
termination of the Plan pursuant to Section 7.1, all then-outstanding SARs shall be automatically exercised and the Participant shall be entitled to receive payment from the Company pursuant to Section 5.5 and subject to the limitations of Section
5.7. Following such event, each Participant who held a SAR that was automatically exercised pursuant to this Section 5.7 shall be granted a stock option to purchase Shares of the Company, in an amount and subject to such terms and conditions as the
Board, or its designee, shall determine in its sole discretion. 
  
 SECTION 6 
 MISCELLANEOUS 
  
 6.1 Deferrals. The Committee, in its sole discretion, may permit a Participant to defer receipt of the payment of cash that would otherwise be due
to such Participant under a SAR. Any such deferral elections shall be subject to such rules and procedures as shall be determined by the Committee in its sole discretion. 
  
 6.2 No Effect on Employment or Service. Nothing in the Plan shall interfere with or limit in any way the right of the
Company to terminate any Participant’s employment or service at any time, with or without cause. For purposes of the Plan, transfer of employment of a Participant between the Company and any one of its Affiliates (or between Affiliates) shall
not be deemed a Termination of Service. Employment with the Company and its Affiliates is on an at-will basis only. 
  
 6.3 Participation. No Employee shall have the right to be selected to receive a SAR under this Plan, or, having been so selected, to be selected to
receive a future SAR. 
  
 6.4 Indemnification. Each person
who is or shall have been a member of the Committee, or of the Board, shall be indemnified and held harmless by the Company against and from (a) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in
connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or any SAR Agreement, and (b) from any
and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided he or she shall give the
Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of
indemnification to which such persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any power that the Company may have to indemnify them or hold them
harmless. 
  

 -6- 

 6.5 Successors. All obligations of the Company under the Plan, with respect to SARs granted
hereunder, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business or assets of the
Company. 
  
 6.6 Limited Transferability of SARs. No SAR
granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will, by the laws of descent and distribution, or to the limited extent provided in Section 6.7. All rights with respect to a
SAR granted to a Participant shall be available during his or her lifetime only to the Participant. 
  
 6.7 Beneficiary Designations. Notwithstanding any contrary provisions of Section 6.6, after the Plan becomes effective, the Committee (in its sole
discretion) may determine that a Participant under the Plan may name a beneficiary or beneficiaries to whom any vested but unpaid SAR shall be paid in the event of the Participant’s death. Each such designation shall revoke all prior
designations by the Participant and shall be effective only if given in a form and manner acceptable to the Committee. In the absence of any such designation, any vested benefits remaining unpaid at the Participant’s death shall be paid to the
Participant’s estate and, subject to the terms of the Plan and of the applicable SAR Agreement, any unexercised vested SAR may be exercised by the administrator or executor of the Participant’s estate. The provisions of this Section 6.7
shall be effective only if expressly determined by the Committee after the effective date of the Plan. 
  
 SECTION 7 
 AMENDMENT, TERMINATION AND DURATION 
  
 7.1 Amendment, Suspension, or Termination. The Board, in its sole
discretion, may amend, suspend or terminate the Plan, or any part thereof, at any time and for any reason. Subject to Section 5.7, the amendment, suspension, or termination of the Plan shall not, without the consent of the Participant, alter or
impair any rights or obligations under any SAR theretofore granted to such Participant. No SAR may be granted during any period of suspension or after termination of the Plan. 
  
 7.2 Duration of the Plan. The Plan shall be effective as of April 24, 2004, and subject to Section 7.1 (regarding the
Board’s right to amend or terminate the Plan), shall remain in effect thereafter. 
  
 SECTION 8 
 TAX WITHHOLDING 
  
 8.1 Withholding Requirements. Prior to the delivery of any cash pursuant to a SAR (or exercise thereof), the Company
shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, and local taxes (including the Participant’s FICA obligation) required to be withheld
with respect to such SAR (or exercise thereof). 
  

 -7- 

 8.2 Withholding Arrangements. The Committee, in its sole discretion and pursuant to such
procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (a) electing to have the Company withhold otherwise deliverable Shares, or (b) delivering to the Company
already-owned Shares having a Fair Market Value equal to the amount required to be withheld. The amount of the withholding requirement shall be deemed to include any amount which the Committee agrees may be withheld at the time the election is made,
not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant with respect to the SAR on the date that the amount of tax to be withheld is to be determined. The Fair Market
Value of the Shares to be withheld or delivered shall be determined as of the date that the taxes are required to be withheld. 
  
 SECTION 9 
 LEGAL CONSTRUCTION 
  
 9.1 Gender and Number. Except where otherwise indicated by the
context, any masculine term used herein also shall include the feminine; the plural shall include the singular and the singular shall include the plural. 
  
 9.2 Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not
affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 
  
 9.3 Requirements of Law. The granting of SARs and the issuance of payments under the Plan shall be subject to all Applicable Laws, rules, and
regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 
  
 9.4 Governing Law. The Plan and all SAR Agreements shall be construed in accordance with and governed by the laws of the State of California, other
than its conflicts of laws provisions. 
  
 9.5 Captions.
Captions are provided herein for convenience only, and shall not serve as a basis for interpretation or construction of the Plan. 
  

 -8- 

 EXECUTION 
  
 IN WITNESS WHEREOF, the Company, by its duly authorized officer, has executed this Plan on the date indicated below. 
  

					
	 	 	TRIKON TECHNOLOGIES, INC.
		
	 	 	/s/ William J Chappell

	 Dated:    24 April 2004
	 	By	 	 William J Chappell

	 	 	Title:	 	 Chief Financial Officer

  

 -9-

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