Document:

EX-10.30

 Exhibit 10.30 

] 
 Fairchild Semiconductor 2007 Stock Plan Performance Unit Award Agreement 

 

			
	GRANT DATE:	  	MM/DD/2014
	PERFORMANCE YEAR:	  	

 THIS AGREEMENT, effective as of the Grant Date set forth above, is between Fairchild Semiconductor International, Inc., a
Delaware corporation (the “Company”, “we”, “our” or “us”) and the Participant named above (“you” or “yours”), pursuant to the provisions of the Fairchild Semiconductor 2007 Stock Plan (the
“Plan”) with respect to the award of the number of performance units (“Performance Units”) specified above. Capitalized terms used and not defined in this Agreement shall have the meanings given to them in the Plan. 

By accepting this Grant, you irrevocably agree, on your own behalf and on behalf of your heirs and any other person claiming rights under this Agreement, to
all of the terms and conditions of the Performance Unit Award as set forth in or pursuant to this Agreement and the Plan (as such may be amended from time to time). You and the Company agree as follows: 

 

									
	1.      	 	Application of Plan; Administration	  	 This Agreement and your rights under this Agreement are subject to all the terms and conditions of the Plan, as it may be
amended from time to time, as well as to such rules and regulations as the Administrator may adopt. It is expressly understood that the Administrator that administers the Plan is authorized to administer, construe and make all determinations
necessary or appropriate to the administration of the Plan and this Agreement, all of which shall be binding upon you to the extent permitted by the Plan. Any inconsistency between this Agreement and the Plan shall be resolved in favor of the
Plan.
  

	2.      	 	Performance Goal	  	 The issuance of Performance Units pursuant to this Agreement shall be subject to the Company achieving adjusted free cash flow
, as determined by the Administrator pursuant to the Plan (“FCF”), for the Performance Year set forth above equal to at least the 50% FCF Target established by the Administrator and set forth in the table below. If FCF for the Performance
Year does not equal or exceed the 50% FCF Target threshold, the right to receive any Performance Units pursuant to this Agreement shall expire without consideration.
  

Subject to the foregoing paragraph and provided that you have remained in the full time employment or service of the Company or an Affiliate from the Grant
Date set forth above, the number of Performance Units issued to you under this Agreement (such units, the “Granted Performance Units”) shall be determined in accordance with the schedule set forth
below.

  

							
	Percentage FCF Target	  	 FCF Required to

Achieve Percentage
 FCF
Target
	 	  	Number of Granted 
Performance Units If Percentage FCF Goal Achieved
	 50% FCF Target
	  	$	XX million	  	  	 0.50 times the Target Number of Performance Units

	 100% FCF Target
	  	$	XXX million	  	  	 1.00 times the Target Number of Performance Units

	 150% FCF Target
	  	$	XXX million	  	  	 1.50 times the Target Number of Performance Units

 

							
		 		  	In the event that the Company’s FCF for the Performance Year falls between two of the 50%, 100% or 150% FCF Targets listed in the table above, the number of Granted Performance Units shall be determined by linear
interpolation. Subject to the Administrator’s discretion to reduce (but not increase) the number of Granted Performance Units as described above. Notwithstanding anything herein to the contrary, in no event shall more than 1.50 times the Target
Number of Performance Units be issued under this Agreement.

							
		 		  	Following the end of the Performance Year and the collection of relevant data necessary to determine the extent to which the performance goal set forth in this Paragraph 2 has been satisfied, the Administrator will
determine: (a) the extent to which the performance goal was achieved by the Company for the Performance Year; and (b) the percentage of the Target Number of Performance Units to be issued pursuant to the Performance Unit Award program for the
Performance Year. The Administrator shall make these determinations in its sole discretion. The number and kind of shares subject to or issued under the Performance Unit Award shall be subject to adjustment as provided for in Section 12(d) of the
Plan. For the avoidance of doubt, the right to receive up to 1.50 times the Target Number of Performance Units shall expire without consideration to the extent that such units do not become Granted Performance Units.
	3.	 	Vesting	  	The Granted Performance Units will vest (becoming “Vested Performance Units”) on the following Vesting Dates provided that you have remained in the full time employment or service of the Company or an Affiliate
from the Grant Date set forth above until the respective Vesting Date, provided that in no case shall the units vest before the date of the Administrator’s written certification of the performance goal achievement under Paragraph
2:

  

					
	 Vesting Date
	  	Percentage Vested
(including portion that
vested the preceding 
year)	 
	First anniversary of the Grant Date	  	 	34%	  
	Second anniversary of the Grant Date	  	 	67%	  
	Third anniversary of the Grant Date	  	 	100%	  

  

							
		 		  	The vesting period set forth above may be adjusted by the Administrator to reflect the decreased level of employment or service during any period in which you are on an approved leave of absence or are employed on a less
than full time basis.
			
	4.	 	Termination of Employment	  	Except as otherwise provided in Paragraph 8 of this Agreement, the right to issuance of Performance Units and the rights under any Granted Performance Units that have not become Vested Performance Units at the time your
employment or service with the Company terminates for any reason will be forfeited without consideration as of the date of termination.
			
	5.	 	Settlement of Granted Performance Units and Issuance of Shares	  	Each Vested Performance Unit will be settled by the delivery of one Share to you or, in the event of your death, to your designated beneficiary, promptly following the Vesting Date with respect to such Shares, subject to
your satisfaction of any tax withholding obligations as described in Paragraph 10 of this Agreement. You hereby authorize any brokerage service provider determined acceptable to the Company, to open a securities account for you to be used for
the settlement of Vested Performance Units. The date on which Shares are issued may include a delay in order to provide the Company such time as it determines appropriate to address tax withholding and other administrative matters.
			
	6.	 	Rights as Stockholder	  	Except as otherwise provided in this Agreement, you will not be entitled to any privileges of ownership of the shares of Common Stock underlying your Performance Units unless and until Shares are actually delivered to
you under this Agreement.
			
	7.	 	Dividends	  	From and after the date a number of Granted Performance Units are issued to you under Paragraph 2 or Paragraph 8, you will be credited with additional Performance Units having a value equal to declared dividends, if any,
with record dates that occur prior to the settlement of any Granted Performance Units as if such Granted Performance Units had been actual shares of Common Stock, based on the Fair Market Value of a share of Common Stock on the applicable dividend
payment date. Any such additional Performance Units shall be considered Granted Performance Units under this Agreement and shall also be credited with additional Performance Units as dividends, if any, are declared, and shall be subject to the same
restrictions and conditions (including the risk of forfeiture under Paragraph 4) as Granted Performance Units with respect to which they were credited. Notwithstanding the foregoing, no such additional Performance Units will be credited with respect
to any dividend in connection with which Granted Performance Units are adjusted pursuant to Section 12(d) of the Plan. Any reinvestment of dividends in additional Performance Units shall be subject to the Plan.

  
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	8.	 	Change in Control	  	 Notwithstanding anything to the contrary in this Agreement, the Granted Performance Units shall be subject to acceleration of vesting upon a
Change in Control as provided with respect to Restricted Stock under Section 12(a)(2) of the Plan, and shall be settled as if pursuant to Paragraph 5 of this Agreement, provided that if a Change in Control occurs during the Performance Year, a
number of Performance Units equal to 100% of the Target Number of Performance Units shall be issued to you (and become Granted Performance Units) immediately prior to the Change in Control.

 

	9.	 	Transferability	  	 (a)    Your Performance Units are not transferable, whether voluntarily or
involuntarily, by operation of law or otherwise, except as provided in the Plan. Any assignment, pledge, transfer, or other disposition, voluntary or involuntary, of your Units made, or any attachment, execution, garnishment, or lien issued against
or placed upon the Units, other than as so permitted, shall be void.
  

(b)    You acknowledge that, from time to time, the Company may be in a “blackout
period” and/or subject to applicable securities laws that could subject you to liability for engaging in any transaction involving the sale of the Company’s shares. You further acknowledge and agree that, prior to the sale of any Shares,
it is your responsibility to determine whether or not such sale of Shares will subject you to liability under insider trading rules or other applicable securities laws.

			
	10.	 	Taxes	  	 (a)    General. You are ultimately liable and responsible for all taxes
owed by you in connection with your Performance Units, regardless of any action the Company takes or any transaction pursuant to this Paragraph 10 with respect to any tax withholding obligations that arise in connection with the Performance
Units. The Company makes no representation or undertaking regarding the treatment of any tax withholding in connection with the grant, issuance, vesting or settlement of the Performance Units or Granted Performance Units or the subsequent sale of
any of the Shares underlying the Granted Performance Units that vest. The Company does not commit and is under no obligation to structure this Agreement to reduce or eliminate your tax liability.

 
 (b)    Taxes. You will
be subject to federal and state income and other tax withholding requirements on a date (generally, the Vesting Date) determined by applicable law (any such date, the “Taxable Date”), based on the Fair Market Value of the Shares underlying
the Granted Performance Units that vest. You will be solely responsible for the payment of all U.S. federal income and other taxes, including any state, local or non-U.S. income or employment tax obligation that may be related to the Shares,
including any such taxes that are required to be withheld and paid over to the applicable tax authorities (the “Tax Withholding Obligation”). You will be responsible for the satisfaction of such Tax Withholding Obligation in a manner
acceptable to the Company in its sole discretion, including through payroll withholding.
  

(i) By Sale of Shares. Your acceptance of this Agreement constitutes your instruction and authorization to the Company and any
brokerage firm determined acceptable to the Company for such purpose to sell on your behalf a whole number of shares from those Shares issuable to you as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the
applicable Tax Withholding Obligation, and to transfer the proceeds from the sale of such Shares from your securities account established with the brokerage service provider for the settlement of your Vested Performance Units to any account held in
the name of the Company. Such shares will be sold on the Taxable Date or as soon thereafter as practicable. You will be responsible for all brokers’ fees and other costs of sale, which fees and costs may be deducted from the proceeds of the
foregoing sale of Shares, and you agree to indemnify and hold the Company and any brokerage firm selling such Shares harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed your
Tax Withholding Obligation, such excess cash will be deposited into the securities account established with the brokerage service provider for the settlement of your Vested Performance Units. Such Shares will be sold through the broker at market
prices; however the price you receive will reflect a weighted average sales price based on the sales price of Shares on behalf of you and others for whom the designated broker may be selling shares on the relevant day(s), and you acknowledge that
the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy your Tax Withholding Obligation. Accordingly, you agree to pay to the
Company as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of shares described above. Unless otherwise authorized by the Administrator in its
sole discretion, the sale of shares will be the primary method used by the Company to satisfy the applicable Tax Withholding Obligation, and accordingly you represent and warrant to the Company as follows:

		 		  	  

A.     You are accepting this Agreement during a permitted trading period, and at the time of
accepting this Agreement you are not aware of any Material Nonpublic Information (as defined in the Company’s Corporate Legal Insider Trading and Tipping Policy) concerning the Company.

  
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		 		  	 B.     You will not exercise any subsequent influence over the amount of
Shares to be sold hereunder to generate funds for the Tax Withholding Obligation or the price, date or time of such sale.
  

C.     You are entering into this Agreement in good faith and have a bona fide intention to
carry out the terms of this Agreement, and you will not enter into or alter a corresponding or hedging transaction or position with respect to the Shares.
  

(ii) By Share Withholding. If so elected in the sole discretion of the Administrator, then in lieu of a market sale pursuant to
Paragraph 10(b)(i) you authorize the Company to withhold from the Shares issuable to you the whole number of shares with a value equal to the Fair Market Value of the Shares on the Taxable Date or the first trading day before the Taxable Date,
sufficient to satisfy the applicable Tax Withholding Obligation. You acknowledge that the withheld shares may not be sufficient to satisfy your Tax Withholding Obligation. Accordingly, you agree to pay to the Company as soon as practicable,
including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the withholding of Shares described above.
  

	11.	 	Data Privacy	  	 As an essential term of this Agreement, you consent to the collection, use and transfer, in electronic or other form, of personal data as
described in this Agreement for the exclusive purpose of implementing, administering and managing your participation in the Plan.
  

By entering into this Agreement and accepting the Performance Units, you acknowledge that the Company holds certain personal information about you, including,
but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification number, salary, tax rates and amounts, nationality, job title, any shares of stock or directorships held in the Company,
details of all awards or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding, for the purpose of implementing, administering and managing the Plan (“Data”). You acknowledge that Data may
be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in jurisdictions that may have different data privacy laws and protections, and you authorize the
recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Plan, including any requisite transfer of such Data as may be required to a broker or
other third party with whom you or the Company may elect to deposit any shares of stock acquired under this Agreement. You acknowledges that Data may be held only as long as is necessary to implement, administer and manage your participation in the
Plan as determined by the Company, and that you may request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, provided
however, that refusing or withdrawing your consent may adversely affect your ability to participate in the Plan.
  

	12.	 	Electronic Delivery	  	The Company may, in its sole discretion, decide to deliver any documents related to any awards granted under the Plan by electronic means or to request your consent to participate in the Plan by electronic means. You hereby consent
to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company, and such
consent shall remain in effect throughout your term of employment or service with the Company and thereafter until withdrawn in writing by you.

  
 4 

					
	13.	 	Miscellaneous	  	 (a)    This Agreement shall not confer upon you any right to continue as an
employee, or otherwise in the service of, the Company or any Affiliate, nor shall this Agreement interfere in any way with the Company’s or such Affiliate’s right to terminate your employment or service at any time.

 
 (b)    Without limiting the
generality of Paragraph 13(a) above, this Agreement and the Plan may be amended without your consent to the extent provided in Section 19 of the Plan.
  

(c)    This Agreement will be subject to all applicable laws, rules, and regulations, and to such
approvals by any governmental agencies or stock exchanges as may be required. The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales by you or other subsequent
transfers by you of any shares of Common Stock issued as a result of or under this Agreement, including without limitation (i) restrictions under an insider trading policy, (ii) restrictions that may be necessary in the absence of an
effective registration statement under the Securities Act of 1933, as amended, covering the Performance Units and (iii) restrictions as to the use of a specified brokerage firm or other agent for such resales or other transfers. Any sale of shares
of Common Stock issued pursuant to this Agreement must also comply with other applicable laws and regulations governing the sale of such shares.
  

(d)    To the extent not preempted by U.S. federal law, this Agreement shall be governed by, and
construed in accordance with, the laws of the State of Delaware.
  

(e)    Any question concerning the interpretation of this Agreement or the Plan, any adjustments
required to be made under the Plan, and any controversy that may arise under the Plan or this Agreement shall be determined by the Administrator (including any person(s) to whom the Administrator has delegated its authority) in its sole and absolute
discretion. Such decision by the Administrator shall be final and binding.
  

	14.	 	Language	  	 This Agreement and the related documents are drawn up in English at the express wish of the parties.

 

	15.	 	Signatures	  	 By the signatures below, you and the authorized representative of the Company acknowledge agreement to this Performance Unit Award Agreement
as of the Grant Date specified above.
  
 FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC.

 

		 		  	Mark S. Thompson 
		 		  	Chairman and CEO

  
 5 

 HONG KONG: 

The contents of this document have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer. If
you are in doubt about any of the contents of this document, you should obtain independent professional advice. 
 Please note that the word
“Prospectus” in any of the communications relating to this offer should be changed to “Confidential Offering Materials” and therefore the word “Prospectus” in any of the communications does not mean a prospectus under
Hong Kong law. 
 The communications are being sent to you for your own personal use and should not be disclosed to third parties. 

CANADA (QUEBEC ONLY): 
 This employee communication
and the related documents, including without limitation the equity award agreements granted to you, are drawn up in English at the express wish of the parties. Ce communiqué à l’intention des employés ainsi que les
documents qui s’y rattachent, y compris notamment, les régimes d’attribution d’actions visant les employés, sont rédigés en anglais à la demande expresse des parties. 

FRANCE: 
 Disclaimer: (i) The offer has
not been filed with the AMF and (ii) any public offering of the shares purchased through the plan should be done in accordance with Articles L.411-1, L.411-2, L.412-1, L.621-8, and L.621-8-3 of the French Financial Code (i.e., the French
regulations applicable to the public offering of Financial Instruments). 
 Residents of France with foreign account balances in excess of EUR
1 million or its equivalent must report monthly to the Bank of France. 
 INDIA: 

All cash balances received from the sale of Fairchild stock or due to the exercise of stock option awards are required to be repatriated to India by Indian
resident employees within ninety (90) days of receipt thereof. Any foreign exchange due or accrued as income on assets held outside India (such as dividends or dividend equivalents) must be repatriated into rupees within seven (7) days
from the date of its receipt. 
 IRELAND: 
 This
document: 
  

	•	 	Has not been prepared in accordance with Directive 2003/71/EC on prospectuses or any measures made under that Directive or the laws of Ireland or of any EU Member State or EEA treaty adherent state that implement that
Directive or those measures. 

  

	•	 	Has not been reviewed, prior to its being issued, by any regulatory authority in Ireland or in any other EU Member State or EEA treaty adherent state. 

 

	•	 	And therefore may not contain all the information required where a document is prepared pursuant to that Directive or those laws. 

JAPAN: 
 If the value of your Fairchild shares
exceeds JYP 100 million, you must submit a report to the Minister of Finance after such receipt. 

  
 6 

 PHILIPPINES: 

THE SECURITIES BEING OFFERED OR SOLD HAVE NOT BEEN REGISTERED WITH THE PHILIPPINE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES REGULATION CODE OF
THE PHILIPPINES. ANY FURTHER OFFER OR SALE THEREOF IS SUBJECT TO REGISTRATION REQUIREMENTS UNDER THE SECURITIES REGULATION CODE OF THE PHILIPPINES, UNLESS SUCH OFFER OR SALE QUALIFIES AS AN EXEMPT TRANSACTION. 

Please note that all foreign investment proceeds must be repatriated to the Philippines within fifteen (15) banking days of receipt and sold for pesos
through a local authorized agent bank within three (3) banking days. 
 SINGAPORE: 

Restricted Stock Units and Stock Options: 
 Please note
that this award is being granted to you pursuant to the “Qualifying Person” exemption under section 273(1)(f) of the Singapore Securities and Futures Act (Chapter 289, 2006 Ed.) (SFA) You should note that such award grant
is hence subject to the general resale restriction under section 257 of the SFA and you hereby undertake that you shall not make any subsequent sale in Singapore, or any offer of such subsequent sale in Singapore, of any of the
shares comprising the award unless such sale or offer in Singapore is made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the Securities and Futures Act (Cap 289, 2006 Ed.).

 SOUTH KOREA: 
 Please note that proceeds
received from the sale of stock overseas must be repatriated to Korea within eighteen (18) months if such proceeds exceed US $500,000 per sale. Separate sales may be deemed a single sale if the sole purpose of separate sales was to avoid a sale
exceeding the US $500,000 per sale threshold. 
 TAIWAN: 

The Programs are not registered in Taiwan with the Securities and Futures Bureau and are not subject to the securities laws of Taiwan. 

Please note that if you plan on remitting more than the Taiwanese equivalent of US $5 million out of Taiwan in a calendar year, special approval must be
obtained from the Central Bank of China. 

  
 7EX-10.32

 Exhibit 10.32 

 
 Fairchild Semiconductor 2007 Stock Plan 

Deferred Stock Unit Agreement 

PARTICIPANT: 
 DATE OF GRANT: May 7, 2014

 NUMBER OF DEFERRED STOCK UNITS GRANTED: 10,000 

THIS AGREEMENT, effective as of the Date of Grant set forth above, is between Fairchild Semiconductor International, Inc., a Delaware corporation (the
“Company”, “we”, “our” or “us”) and the Participant named above (“you” or “yours”), pursuant to the provisions of the Fairchild Semiconductor 2007 Stock Plan (the “Plan”) with
respect to the number of Deferred Stock Units (“Units”) specified above. Capitalized terms used and not defined in this Agreement shall have the meanings given to them in the Plan. This Agreement consists of this document, any related
Settlement Election Form, and the Plan. 
 You and the Company agree as follows: 
  

					
	1. Application of Plan; Administration	  	This Agreement and your rights under this Agreement are subject to all the terms and conditions of the Plan, as it may be amended from time to time, as well as to such rules and regulations as the Administrator may
adopt. It is expressly understood that the Administrator that administers the Plan is authorized to administer, construe and make all determinations necessary or appropriate to the administration of the Plan and this Agreement, all of which shall be
binding upon you to the extent permitted by the Plan. Any inconsistency between this Agreement and the Plan shall be resolved in favor of the Plan.
		
	2. Vesting	  	The Units will vest (becoming “Vested Units”) on the following dates (each a “Vesting Date” and collectively, the “Vesting Dates”) if you are a member of the Board on those
dates:

					
		
	Vesting Date	  	Percentage Vested	 
	  	 (including portion that

vested the preceding year)
	 
		
	 Last date prior to the date on which the Company holds its 2013 annual stockholders’ meeting
	  	 	33	% 
	 Last date prior to the date on which the Company holds its 2014 annual stockholders’ meeting
	  	 	66	% 
	 Last date prior to the date on which the Company holds its 2015 annual stockholders’ meeting
	  	 	100	% 

  

					
		  	 ; provided, that, your Units will vest in their entirety upon your Retirement.

		
	3. Rights as Stockholder	  	Except as otherwise provided in this Agreement, you will not be entitled to any privileges of ownership of the Shares underlying your Units unless and until Shares are actually delivered to you under this
Agreement.
		
	4. Dividends	  	You will be credited with additional Deferred Stock Units having a value equal to declared dividends, if any, with record dates that occur prior to the settlement of any Units as if such Units had been actual Shares,
based on the Fair Market Value of a Share on the applicable dividend payment date. Any such additional Deferred Stock Units shall be considered Units under this Agreement and shall also be credited with additional Deferred Stock Units as dividends,
if any, are declared, and shall be subject to the same restrictions and conditions as Units with respect to which they were credited. Notwithstanding the foregoing, no such additional Deferred Stock Units will be credited with respect to any
dividend in connection with which Units are adjusted pursuant to Section 12(d) of the Plan. Any reinvestment of dividends in additional Deferred Stock Units shall be subject to the Plan.

					
	5. Settlement of Units	  	 (a)    Time of Settlement. Each Vested Unit will be settled
by the delivery of one Share to you or, in the event of your death, to your designated beneficiary, promptly following the date (such date, the “Settlement Date”) you have elected on the attached Settlement Election Form. You hereby
authorize any brokerage service provider determined acceptable to the Company, to open a securities account for you to be used for the settlement of Vested Units. You may change the Settlement Election Date one time only, and only to a later date,
as provided in Section 3 of the Settlement Election Form, subject to the important restrictions contained in such Section 3.
  

(b)    Termination Prior to Settlement Date. If your service as a member on the Board is
terminated prior to any Settlement Date, your Units will be treated as specified in the Settlement Election Form.
  

(c)    Forfeiture of Unvested Units. All Units that are not Vested Units at the time your
service as a member on the Board is terminated will be forfeited effective as of the date of such termination of service.

		
	6. Transferability	  	 (a)    Your Units are not transferable, whether voluntarily or
involuntarily, by operation of law or otherwise, except as provided in the Plan. Any assignment, pledge, transfer, or other disposition, voluntary or involuntary, of your Units made, or any attachment, execution, garnishment, or lien issued against
or placed upon the Units, other than as so permitted, shall be void.
  

(b)    You acknowledge that, from time to time, the Company may be in a “blackout
period” and/or subject to applicable securities laws that could subject you to liability for engaging in any transaction involving the sale of the Company’s shares. You further acknowledge and agree that, prior to the sale of any Shares,
it is your responsibility to determine whether or not such sale of Shares will subject you to liability under insider trading rules or other applicable securities laws.

		
	7. Taxes	  	You are solely liable and responsible for the satisfaction and payment of all taxes owed by you in connection with your Units, regardless of any action the Company takes with respect to any tax obligations that arise in
connection with the Units. The Company makes no representation or undertaking regarding the treatment of any tax withholding in connection with the grant or vesting of the Units or the subsequent sale of any of the Shares underlying the Units that
vest. The Company does not commit and is under no obligation to structure this Agreement to reduce or eliminate your tax liability.
		
	8. Electronic Delivery	  	The Company may, in its sole discretion, decide to deliver any documents related to any awards granted under the Plan by electronic means or to request your consent to participate in the Plan by electronic means. You
hereby consent to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the
Company, and such consent shall remain in effect throughout your term of service with the Company and thereafter until withdrawn in writing by you.
		
	10. Miscellaneous	  	 (a)    This Agreement shall not confer upon you any right to
continue in the service of the Company or any Affiliate, nor shall this Agreement interfere in any way with the Company’s or such Affiliate’s right to terminate your service at any time.

 
 (b)    Any Units granted
under the terms of this Agreement are entirely at the discretion of the Company. Without limiting the generality of Section 1 above, with the approval of the Board, and subject to the terms of the Plan, the Administrator may terminate, amend, or
modify the Plan; provided, however, that except as provided in the Plan, no such termination, amendment, or modification of the Plan may impair your rights under this Agreement without your consent.

 
 (c)    This Agreement will be
subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or stock exchanges as may be required.
  

(d)    To the extent not preempted by U.S. federal law, this Agreement shall be governed by, and
construed in accordance with, the laws of the State of Delaware.

							
		
	11. Signatures	  	By the signatures below, the Participant and the authorized representative of the Company acknowledge agreement to this Deferred Stock Unit Agreement as of the Grant Date specified above.
				
		  	PARTICIPANT:	 		 	FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC.
				
		  	  
	 		 	
		  	[name]	 		 	Mark S. Thompson
		  		 		 	Chairman and CEO

  
 

 
 Fairchild Semiconductor Stock Plan 

Deferred Stock Unit Settlement Election Form 

This Settlement Election Form relates to the following grant of Deferred Stock Units: 

PARTICIPANT: 
 DATE OF GRANT: 

NUMBER OF DEFERRED STOCK UNITS GRANTED: 
  

					
	1. Settlement Election	  	Subject to Sections 2 and 3 below, I elect to have all Vested Units that I may hold under the Deferred Stock Unit Award Agreement to which this election relates settled by delivery of Shares to me on
                ,                 , which date is at least five (5) years following the
date of the Company’s 2014 Annual Stockholders’ Meeting held on May 7, 2014.
		
	2. Settlement Upon Termination	  	I hereby acknowledge and agree that if, prior to the settlement election date specified above (a) my service as a member of the Board is terminated for any reason (including, without limitation, as a result of my death
or Disability) other than for cause under applicable law, any Vested Units will be settled following my termination date, and (b) my service as a member of the Board is terminated for cause under applicable law, all unsettled Units (including Vested
Units) will be immediately forfeited.
		
	3. One-Time Change of Election Permitted	  	I understand that I can change the date specified as my settlement election date in Section 1 above once, but only once, to a Settlement Date that must be at least five years after the date initially
indicated in Section 1 above, by filing a new signed Settlement Election Form with the Company at any time on or before the day (the “Change Deadline Day”) that falls one year before the Settlement Date that would occur based on my initial
election in Section 1. I understand that (a) I cannot change my election after the Change Deadline Day, (b) I cannot change my election more than once and (c) the later Settlement Date I choose must occur at least five years after the initial
specified date indicated in my previously filed Settlement Election Form. If the Change Deadline Day falls on a day that is not a business day for the Company, then the last day to change the election in Section 1 will be the first business day
preceding the Change Deadline Day. Any new Settlement Election Form will revoke the previously filed Settlement Election Form, except that, if any Settlement Date purportedly elected on the new form falls within five years after the specified date
indicated in my previously filed Settlement Election Form, then such new form will have no effect and the previously elected Settlement Date shall continue to apply.

							
				
	4. Signature	  		 		  	
		  	PARTICIPANT:	 		  	DATED AS OF:
				
		  	  
	 		  	  

		  	[name]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}]]