Document:

Document

Exhibit 10. 8
2020 EQUITY INCENTIVE PLAN
PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT

Private & Confidential (Addressee Only)

Participant Name
Employee ID
Grant ID: Client Grant ID

We are pleased to advise you (the “Participant”) that Analog Devices, Inc., a Massachusetts corporation (the “Company”), has granted to the Participant that number of Performance Restricted Stock Units (“Performance RSUs”) set forth below, subject to the terms and conditions of the Analog Devices, Inc. 2020 Equity Incentive Plan (the “Plan”) and this Performance Restricted Stock Unit Agreement, including Appendix A, which includes additional performance-based vesting conditions, and Appendix B, which includes any applicable country-specific provisions.  This Performance Restricted Stock Unit Agreement, together with Appendix A and Appendix B, is referred to as the “Agreement.”  The grant of Performance RSUs reflects the Company’s confidence in the Participant’s commitment and contributions to the success and continued growth of the Company.  All terms not defined in this Agreement shall have the meaning set forth in the Plan.
1.    Performance Restricted Stock Unit.
Subject to the terms and conditions of the Plan and this Agreement, the Company has granted to the Participant that number of Performance RSUs (the “Award”) effective on the Date of Grant set forth below:
Date of Grant:      Grant Date
Number of Performance RSUs (“Initial Grant Number”):    Number of Awards Granted
Vesting Date:      Cliff Vesting on the 60th day following the end of the Performance Period
If the Participant does not accept this Agreement by Grant Custom 4, or such other date that may be communicated, the Company will automatically accept the Agreement on the Participant’s behalf.  If the Participant declines this Agreement, this Award shall terminate and will become null and void.  The Participant may not decline this Agreement on or after Grant Custom 4.
Each one (1) Performance RSU shall, if and when it vests in accordance with this Agreement, automatically convert into one (1) share of Common Stock, issuable as provided below.  The Performance RSUs are subject to the vesting provisions set forth in Section 2 (including any performance-based vesting conditions set forth in Appendix A), the restrictions on transfer set forth in Section 3, and the right of the Company to retain Shares (as defined below) pursuant to Section 7.
2.    Vesting and Conversion.
(a)    Subject to the terms of the Plan and this Agreement, the Performance RSUs shall vest in accordance with the vesting conditions set forth in this Section 2 and the performance-based vesting conditions set forth in Appendix A.  For purposes of this Agreement, Performance RSUs that have not vested as of the Vesting Date in accordance with this Section 2 and Appendix A are referred to as “Unvested Performance RSUs.”  The shares of Common Stock that are issuable upon the vesting and conversion of the Performance RSUs are referred to in this Agreement as “Shares.”  As soon as administratively practicable after the vesting and conversion of Performance RSUs (and in any event within sixty (60) days of the vesting date or event, as applicable), and subject to the terms and conditions set forth in the Agreement, the Company shall deliver or cause to be delivered evidence (which may include a book entry by the Company’s transfer agent) of the Shares so issued in the name of the Participant to the brokerage firm designated by the Company to maintain the brokerage account established for the Participant or the Participant’s heirs, in the case of Section 2(c).  Notwithstanding the foregoing, the Company shall not be obligated to issue Shares to or in the name of the Participant upon the vesting and conversion of any Performance RSUs unless the issuance of such Shares shall comply with all relevant provisions of law and other legal requirements including, without limitation, any applicable securities laws and the requirements of any stock exchange upon which shares of Common Stock may then be listed.
(b)    In the event the Participant’s employment with the Company or the Employer (as defined in Section 2(e)) is terminated either by the Participant, the Company, or the Employer for any reason or no reason (other than due to death or Disability), then in each such case, all of the Unvested Performance RSUs as of the date of termination shall terminate and be cancelled immediately and automatically and the Participant shall have no further rights with respect to such Unvested Performance RSUs.
(c)    In the event of the Participant’s death prior to the end of the Performance Period, the Unvested Performance RSUs shall vest immediately upon death based on the following attainment levels for each of the Performance Measurement Periods: (i) if the death occurs following the last day of a Performance Measurement Period, an attainment level based on the actual attainment level determined by the Compensation Committee of the Board for each of the Performance Measurement Periods ending prior to the Participant’s death; and (ii) if the termination occurs prior to the last day of a Performance Measurement Period, an attainment level equal to 100% for each of the Performance Measurement Periods that end subsequent to the Participant’s death.  In the event of the Participant’s death after the end of the Performance Period but prior to the Vesting Date, the Unvested 
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Performance RSUs shall vest, on the date that the attainment level is determined, with respect to the number of Shares underlying the Performance RSUs that become eligible to vest based on the attainment level determined by the Compensation Committee of the Board.   
(d)    In the event the Participant becomes Disabled prior to the end of the Performance Period, the Unvested Performance RSUs shall vest immediately as of the date the Participant is determined to be Disabled (regardless of whether the Participant terminates employment prior to the Vesting Date) based on the following attainment levels for each of the Performance Periods: (i) if the Participant is determined to be Disabled following the last day of a Performance Measurement Period, an attainment level based on the actual attainment level determined by the Compensation Committee of the Board for each of the Performance Measurement Periods ending prior to the date that the Participant is determined to be Disabled; and (ii) if the Participant is determined to be Disabled prior to the last day of a Performance Measurement Period, an attainment level equal to 100%  for each of the Performance Measurement Periods that end subsequent to the date that the Participants is determined to be Disabled.  In the event the Participant is determined to be Disabled after the end of the Performance Period but prior to the Vesting Date, the Unvested Performance RSUs shall vest, on the date that the attainment level is determined, with respect to the number of Shares underlying the Performance RSUs that become eligible to vest based on the attainment level determined by the Compensation Committee of the Board.  “Disabled” with respect to the Participant means, when and if, as a result of disease, injury or mental disorder, the Participant is incapable of engaging in regular service or occupation with the Company or the Employer (as defined in paragraph e) which has lasted or can be expected to last for a continuous period of not less than 12 months, as determined by the Company.
(e)    For purposes of this Agreement, employment shall include being an employee with the Company.  Employment shall also include being an employee with any direct or indirect parent or subsidiary of the Company, or any successor to the Company or any such parent or subsidiary of the Company (the “Employer”).  Should a Participant transfer employment to become a director, consultant or advisor to the Company or the Employer following the Date of Grant, he or she will still be considered employed for vesting purposes until he or she ceases to provide services to the Company or any direct or indirect parent or subsidiary of the Company, or any successor to the Company or any such parent or subsidiary of the Company.
3.    Restrictions on Transfer.
(a)    The Participant shall not sell, assign, transfer, pledge or otherwise encumber any Performance RSUs, either voluntarily or by operation of law.
(b)    The Company shall not be required (i) to transfer on its books any of the Performance RSUs which have been transferred in violation of any of the provisions set forth herein or (ii) to treat as the owner of such Performance RSUs any transferee to whom such Performance RSUs have been transferred in violation of any of the provisions contained herein.
4.    Not a Shareholder.  The Performance RSUs represent an unfunded, unsecured promise by the Company to deliver Shares upon vesting and conversion of the Performance RSUs, and until vesting of the Performance RSUs and issuance of the Shares, the Participant shall not have any of the rights of a shareholder with respect to the Shares underlying the Performance RSUs.  For the avoidance of doubt, the Participant shall have no right to receive any dividends and shall have no voting rights with respect to the Shares underlying the Performance RSUs for which the record date is on or before the date on which the Shares underlying the Performance RSUs are issued to the Participant.
5.    Provisions of the Plan.  The Performance RSUs and Shares, including the grant and issuance thereof, are subject to the provisions of the Plan.  A copy of the Plan prospectus is available on the Company’s Intranet at https://thecircuit.web.analog.com/Pages/CircuitHome.aspx. (From The Circuit home page, click Knowledge Centers, HR, Employee Stock Programs. The related documents can be found in the right-hand column).  If the Participant is unable to access this information via the Intranet, the Company’s Stock Plan Administrator can provide the Participant with copies (Stock_Plan_Admin@Analog.com).
6.    Withholding Taxes.
(a)    Regardless of any action the Company and/or the Employer, if different, takes with respect to any or all income tax (including U.S. federal, state and local taxes and/or non-U.S. taxes), social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related withholding (“Tax-Related Items”), the Participant acknowledges that the ultimate liability for all Tax-Related Items legally applicable to the Participant is and remains the Participant’s responsibility and may exceed the amount, if any, actually withheld by the Company or the Employer.  The Participant further acknowledges that the Company and the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Performance RSUs, including the grant of the Performance RSUs, the vesting of the Performance RSUs, the subsequent sale of any Shares acquired pursuant to the Performance RSUs and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the Performance RSUs to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result.  Further, if the Participant becomes subject to Tax-Related Items in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as applicable, the Participant acknowledges that the Company and/or the Employer may be required to withhold or account for Tax-Related Items in more than one jurisdiction.
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(b)    Prior to any relevant taxable or tax withholding event, as applicable, the Participant will pay or make adequate arrangements satisfactory to the Company to satisfy all Tax-Related Items.  In this regard, the Participant authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations, if any, with regard to all Tax-Related Items by one or a combination of the methods set forth below:
(i)    the Company may withhold a sufficient number of whole Shares otherwise issuable upon the vesting of the Performance RSUs that have an aggregate Fair Market Value (as defined under the Plan) sufficient to pay the minimum Tax-Related Items required to be withheld with respect to the Shares.  The cash equivalent of the Shares withheld will be used to settle the obligation to withhold the Tax-Related Items (determined by reference to the closing price of the Common Stock on the Nasdaq Global Select Market on the applicable vesting date); or
(ii)    the Company may, in its discretion, withhold any amount necessary to pay the Tax-Related Items from the Participant’s salary or other amounts payable to the Participant; or
(iii)    the Company may withhold from proceeds of the sale of Shares either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization).
provided, however, that if the Participant is a Section 16 officer of the Company under the Exchange Act, then the Company will withhold a sufficient number of whole Shares otherwise issuable upon the vesting of the Performance RSUs pursuant to (i) above, unless the use of such withholding method is problematic under applicable tax or securities law or has materially adverse accounting consequences, in which case, the obligation for Tax-Related Items will be satisfied pursuant to (iii).
The Company may withhold or account for Tax-Related Items by considering statutory withholding amounts or other applicable withholding rates, including maximum applicable rates in the Participant’s jurisdiction(s).  If the Company and/or the Employer withhold more than the amount necessary to satisfy the liability for Tax-Related Items, the Participant may receive a refund of the over-withheld amount in cash and will have no entitlement to the equivalent in Shares.   If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Participant is deemed to have been issued the full number of Shares subject to the vested Performance RSU, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items.
In the event the withholding requirements are not satisfied through the withholding of Shares or through the Participant’s salary or other amounts payable to the Participant, no Shares will be issued upon vesting of the Performance RSUs unless and until satisfactory arrangements (as determined by the Compensation Committee of the Board) have been made by the Participant with respect to the payment of any Tax-Related Items which the Company and/or the Employer determine, in each of its sole discretion, must be withheld or collected with respect to such Performance RSUs.  No fractional Shares will be withheld or issued pursuant to the grant of the Performance RSUs and the issuance of Shares hereunder.  By accepting this grant of Performance RSUs, the Participant expressly consents to the withholding of Shares and/or cash as provided for hereunder.  All other Tax-Related Items related to the Performance RSUs and any Shares delivered in payment thereof are the Participant’s sole responsibility.
7.    Option of Company to Deliver Cash.  Notwithstanding any of the other provisions of this Agreement, and except as set forth in Appendix B, where share settlement is otherwise prohibited under local law or may present adverse tax consequences to the Participant, at the time the Performance RSUs vest, the Company may elect, in the sole discretion of the Compensation Committee of the Board, to deliver by wire transfer to the Participant in lieu of Shares an equivalent amount of cash (determined by reference to the closing price of the Common Stock on the Nasdaq Global Select Market on the applicable vesting date).  If the Company elects to deliver cash to the Participant, the Company is authorized to retain such amount as is sufficient in the opinion of the Company to satisfy the Tax-Related Items withholding obligations of the Company and/or the Employer pursuant to Section 6 herein.
8.    Repatriation and Other Legal Requirements.  The Participant agrees as a condition of the grant of the Performance RSUs, as applicable, to repatriate all payments attributable to the Shares and/or cash acquired under the Plan (including, but not limited to, dividends and any proceeds derived from the sale of the Shares acquired pursuant to the Performance RSUs) in accordance with all foreign exchange rules and regulations applicable to the Participant.  In addition, the Participant also agrees to take any and all actions, and consent to any and all actions taken by the Company and its subsidiaries, as may be required to allow the Company and its subsidiaries to comply with all laws, rules and regulations applicable to the Participant.  Finally, the Participant agrees to take any and all actions as may be required to comply with the Participant’s personal legal and tax obligations under all laws, rules and regulations applicable to the Participant.
9.    Miscellaneous.
(a)    No Rights to Employment.  The grant of the Performance RSUs shall not confer upon the Participant any right to continue in the employ of the Company or the Employer, nor limit in any way the right of the Company or the Employer to terminate the Participant’s employment at any time.  Except in the event of Disability or termination of employment due to death, the vesting of the Performance RSUs pursuant to Section 2 and Appendix A, is earned only by satisfaction of the performance-based vesting 
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conditions and continuing service as an employee at the will of the Company or the Employer through the Vesting Date (not through the act of being hired or engaged or being granted the Performance RSUs hereunder). 
(b)    Discretionary Nature.  The Participant acknowledges and agrees that the Plan is discretionary in nature and may be amended, cancelled, or terminated by the Company at any time, to the extent permitted under the Plan.  The Participant’s participation in the Plan is voluntary.  The grant of the Performance RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Performance RSUs or any other award under the Plan or other benefits in lieu thereof in the future.  Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of any grant, the number of Shares subject to the grant, and the vesting provisions.  Any amendment, modification or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Company or the Employer.  The Performance RSUs and income from such Performance RSUs shall not be included in any calculation of severance, resignation, redundancy, end of service payments, bonuses, long-service awards, holiday pay, pension, or retirement benefits or similar payments.  The Performance RSUs should in no event be considered as compensation for, or relating in any way to, past services for the Company or the Employer.
(c)    Exclusion from Termination Indemnities and Other Benefits.  The value of the Performance RSUs and any other awards granted under the Plan is an extraordinary item of compensation outside the scope of the Participant’s employment with the Company or the Employer (and the Participant’s employment contract, if any).  Any grant under the Plan, including the grant of the Performance RSUs and the income and value of same, is not part of normal or expected compensation or salary.  Further, the Performance RSUs and the Shares, and the income and value of same, are not intended to replace any pension rights or compensation.
(d)    No Entitlement.  In consideration of the grant of Performance RSUs, no claim or entitlement to compensation or damages shall arise from forfeiture of the Performance RSUs resulting from termination of the Participant’s employment with the Company or the Employer (regardless of the reason for such termination and whether or not later to be found invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment contract, if any) and the Participant irrevocably releases the Company from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, the Participant shall be deemed irrevocably to have waived the Participant’s entitlement to pursue such claim.
(e)    Exchange Rates.  The Participant acknowledges and agrees that neither the Company nor the Employer shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Performance RSUs or of any amounts due to the Participant pursuant to the vesting and settlement of the Performance RSUs or the subsequent sale of any Shares.
(f)    Future Value of Shares.  The future value of the underlying Shares is unknown, indeterminable, and cannot be predicted with certainty.
(g)    Severability.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law.
(h)    Binding Effect.  This Agreement shall be binding upon and inure to the benefit of the Company and the Participant and his or her respective heirs, executors, administrators, legal representatives, successors and assigns, subject to the restrictions on transfer set forth in Section 3 of this Agreement.
(i)    Notice.  Each notice relating to this Award shall be in writing (which shall include electronic form) and delivered in person, electronically or by first class mail, postage prepaid, to the address as hereinafter provided.  Each notice shall be deemed to have been given on the date it is received.  Each notice to the Company shall be addressed to it at its offices at Analog Devices, Inc., One Analog Way, Wilmington, Massachusetts, 01887, Attention:  Chief Financial Officer.  Each notice to the Participant shall be addressed to the Participant at the Participant’s last known mailing or email address, as applicable, on the records of the Company.
(j)    Pronouns.  Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa.
(k)    Entire Agreement.  This Agreement and the Plan constitute the entire understanding between the parties, and supersede all prior agreements and understandings, relating to the subject matter of these documents.
(l)    Governing Law.  This Agreement shall be construed, interpreted and enforced in accordance with the internal laws of the Commonwealth of Massachusetts without regard to any applicable conflicts of laws. 
(m)    Compliance with Laws.  Notwithstanding any other provision of the Plan or this Agreement, unless there is an available exemption from any registration, qualification or other legal requirement applicable to the Shares, the Company shall not be required to deliver any Shares prior to the completion of any registration or qualification of the Shares under any U.S. or non-
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U.S. federal, state, or local securities or exchange control law or under rulings or regulations of the U.S. Securities and Exchange Commission (“SEC”) or of any other governmental regulatory body, or prior to obtaining any approval or other clearance from any U.S. or non-U.S. federal, state, or local governmental agency, which registration, qualification or approval the Company shall, in its absolute discretion, deem necessary or advisable.  The Participant understands that the Company is under no obligation to register or qualify the Shares with the SEC or any state or non-U.S. securities commission or to seek approval or clearance from any governmental authority for the issuance or sale of the Shares.  The Participant also understands and agrees that the Awards granted under the Plan, including the Performance RSUs and the underlying Shares, are subject to the listing standards of any national securities exchange or association on which the Company’s securities are listed or as is otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, and any SEC regulations, as now or hereafter in effect. Further, the Participant agrees that the Company shall have unilateral authority to amend the Plan and the Agreement without the Participant’s consent to the extent necessary to comply with securities or other laws applicable to issuance of Shares. 
(n)    Interpretation.  The interpretation and construction of any terms or conditions of this Agreement or the Plan, or other matters related to the Plan, by the Compensation Committee of the Board shall be final and conclusive.
(o)    Participant’s Acceptance.  The Participant is urged to read this Agreement carefully and to consult with his or her own legal counsel regarding the terms and consequences of this Agreement and the legal and binding effect of this Agreement.  By virtue of his or her acceptance of this Award, the Participant is deemed to have accepted and agreed to all of the terms and conditions of this Agreement and the provisions of the Plan.
(p)    Electronic Delivery.  The Company may, in its sole discretion, decide to deliver any documents related to the Performance RSUs or other awards granted to the Participant under the Plan by electronic means.  The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.
(q)    English Language.  The Participant acknowledges and agrees that it is the Participant’s express intent that this Agreement, the Plan and all other documents, notices and legal proceedings entered into, given or instituted pursuant to the Performance RSUs, be drawn up in English.  If the Participant has received this Agreement, the Plan or any other documents related to the Performance RSUs translated into a language other than English, and if the meaning of the translated version is different than the English version, the English version shall control.
(r)    Appendix B.  Notwithstanding any provisions herein to the contrary, if the Participant transfers the Participant’s residence and/or employment to a country other than the United States, the Performance RSUs shall be subject to any additional terms and conditions for such country as may be set forth in Appendix B to this Agreement.  Moreover, if the Participant relocates to one of the countries included in Appendix B, the additional terms and conditions for such country will apply to the Participant, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan.  Appendix B constitutes part of this Agreement.
(s)    Additional Requirements.  The Company reserves the right to impose other requirements on the Performance RSUs, any Shares acquired pursuant to the Performance RSUs, and the Participant’s participation in the Plan, to the extent the Company determines, in its sole discretion, that such other requirements are necessary or advisable for legal or administrative reasons.  Such requirements may include (but are not limited to) requiring the Participant to sign any agreements or undertakings that may be necessary to accomplish the foregoing.
(t)    Private Placement.  The Company has submitted filings in the United States in connection with the equity incentive plan under which this Award was made.  The Company has not submitted any registration statement, prospectus or other filings with other local securities authorities (unless otherwise required under such local law), and the grant of the Award is not intended to be a public offering of securities in any other jurisdiction or subject to the supervision of other local securities authorities.
(u)    Changes in Capitalization.  In the event of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, reclassification of shares, spin-off or other similar change in capitalization or event, or any non-cash distribution to holders of Common Stock, the number of Performance RSUs, and Shares issuable upon vesting and conversion thereof, shall be appropriately adjusted in such manner as shall be determined by the Compensation Committee.
(v)    No Advice Regarding Grant.  The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Participant’s participation in the Plan, or the Participant’s acquisition or sale of Shares.  The Participant is encouraged to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan.
(w)    Insider Trading Restrictions/Market Abuse Laws.  The Participant acknowledges that, depending on the Participant’s or the Participant’s broker’s country of residence or where the Common Stock is listed, the Participant may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions which may affect the Participant’s ability to accept, acquire, sell, or otherwise dispose of Common Stock, rights to Common Stock (e.g., Performance RSUs), or rights linked to the value of Common Stock (e.g., phantom awards, futures) under the Plan during such times as the Participant is considered to have “inside information” regarding the Company (as defined by the laws or regulations in the Participant’s country).  Local insider trading 
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laws and regulations may prohibit the cancellation or amendment of orders the Participant placed before possessing inside information.  Furthermore, the Participant could be prohibited from (i) disclosing the inside information to any third party (other than on a “need to know” basis) and (ii) “tipping” third parties or causing them otherwise to buy or sell securities.  Keep in mind third parties includes fellow employees.  Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy.  The Participant acknowledges that it is his or her responsibility to comply with any applicable restrictions, and the Participant should speak to his or her personal advisor on this matter.
(x)    Foreign Asset/Account, Exchange Control, and Tax Reporting.  The Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the vesting of the Performance RSUs, the acquisition, holding, and/or transfer of Shares or cash resulting from participation in the Plan and/or the opening and maintenance of a brokerage or bank account in connection with the Plan.  The Participant may be required to report such assets, accounts, account balances and values and/or related transactions to the applicable authorities in his or her country.  The Participant also may be required to repatriate sale proceeds or other funds received as a result of participation in the Plan to the Participant’s country through a designated broker or bank and/or within a certain time after receipt.  The Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements.  The Participant further understands that he or she should consult the Participant’s personal legal advisor on these matters.
(y)    Waiver.  The Participant acknowledges that a waiver by the Company or breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by the Participant or any other participant.
																		
		By:	/s/ Ray Stata		By:	/s/ Vincent Roche
			Ray Stata, Chairman of the Board of Directors			Vincent Roche, President & Chief Executive Officer

                      
     
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APPENDIX A TO
2020 EQUITY INCENTIVE PLAN 
PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT

1.    Performance Period.  The three-year period beginning on the first day of the first quarter of the Company’s fiscal year 2021 and ending on the last day of the fourth quarter of the Company’s fiscal year 2023 (the “Performance Period”).  The Performance Period shall consist of the following three performance measurement periods: (i) the one-year period commencing on the first day of the first quarter and ending on the last day of the fourth quarter of the Company’s fiscal year 2021 (“FY 2021 Period”); (ii) the one-year period commencing on the first day of the first quarter and ending on the last day of the fourth quarter of the Company’s fiscal year 2022 (“FY 2022 Period”) and (iii) and the one-year period commencing on the first day of the first quarter and ending on the last day of the fourth quarter of the Company’s fiscal year 2023 (“FY 2023 Period,” and collectively, the “Performance Measurement Periods”).
2.    Vesting Date. The 60th day following the end of the Performance Period
3.    Determination Date:  The date the Compensation Committee of the Board determines the level of attainment of the Revenue Goal for each of the three corresponding Performance Measurement Periods, which date shall be as soon as practicable following the last day of the applicable Performance Measurement Period.   
Subject to Section 2(a) through 2(d) of the Performance Restricted Stock Unit Agreement, the Participant shall vest on the Vesting Date in the number of Performance RSUs, if any, that the Compensation Committee of the Board determines to be eligible to vest based on the attainment level of the Revenue Goals described in Section 4 below, provided the Participant continues to provide services to the Company or the Employer, or their respective successors, through the Vesting Date.  
4.    Performance Parameters.  The Performance Parameters are based on the attainment of the Revenue Goal established for each of the Performance Measurement Periods.  The attainment level, ranging from 0% to 200%, of the Revenue Goal applicable to each Performance Measurement Period shall be measured separately on each corresponding Determination Date and weighted equally. The number of Performance RSUs that shall vest shall be equal to a number of Performance RSUs that is between 0% and 200% of the Initial Grant Number.  Attainment among the Revenue Goal attainment levels is subject to interpolation on a linear basis.
(a)    “Revenue Goal” shall mean the goal related to Revenue for each of the Performance Measurement Periods approved by the Compensation Committee of the Board in connection with the grant of the Award.
(b)    “Revenue” means the revenue on a sell-through basis (POS) for the China Technology Group (CHNTG) as determined by the Company’s financial reporting system and verified by the Company’s Corporate Controller.  Products that have been classified under CHNTG as of the first day of the first quarter of the Company’s fiscal year 2021 and any future products released by the CHNTG will be included in Revenue for the entire measurement period.  If there are any reorganizations subsequent to the Date of Grant, the revenue from those products that move from other business units will be excluded from the calculation of Revenue.  Revenue relating to any acquisitions that occur after the grant date shall be excluded from the calculation.
(c)    The definition of or method of determining Revenue for purposes of ascertaining the attainment level of the Revenue Goal may, in the discretion of the Compensation Committee of the Board, be adjusted to eliminate the impact of any unanticipated events relating to unusual or extraordinary corporate transactions, events or developments.

APPENDIX A - 1

Examples illustrating the application of the Performance Parameters are set forth below:
									
	Payout Percent	Number of Potential Shares Attained	Performance Parameters
	0%	0	Revenue Goal does not meet minimum threshold approved by the Compensation Committee of the Board
	100%	Number of Awards Granted	Revenue Goal meets target approved by Compensation Committee of the Board
	200%	Grant Custom 2	Revenue Goal meets or exceeds the maximum target approved by the Compensation Committee of the Board

APPENDIX A - 2

APPENDIX B TO
2020 EQUITY INCENTIVE PLAN 
PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT

This Appendix B includes additional terms and conditions that govern the Performance RSUs granted to the Participant if the Participant resides and/or works in one of the countries listed herein.  These terms and conditions are in addition to, or, if so indicated, in place of, the terms and conditions set forth in the Agreement.  Capitalized terms used but not defined in this Appendix B shall have the meanings set forth in the Plan and/or the Agreement.

This Appendix B also includes certain issues of which the Participant should be aware with respect to his or her participation in the Plan.  The information is based on the securities, exchange control, income tax and other laws in effect in the respective countries as of December 2020.  Such laws are often complex and change frequently.  As a result, the Company strongly recommends that the Participant not rely on the information noted herein as the only source of information relating to the consequences of participation in the Plan because the information may be out of date when the Performance RSUs vest or Shares acquired under the Plan subsequently are sold.

In addition, the information is general in nature and may not apply to the Participant’s particular situation, and the Company is not in a position to assure the Participant of any particular result.  Therefore, the Participant should seek appropriate professional advice as to how the relevant laws in the Participant’s country may apply to his or her situation.

Finally, the Participant understands that if he or she is a citizen or resident of a country other than the one in which the Participant is currently residing and/or working, transfers employment after the Date of Grant, or is considered a resident of another country for local law purposes, the information contained herein may not apply to the Participant, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply.

TERMS AND CONDITIONS APPLICABLE TO PARTICIPANTS OUTSIDE THE U.S.

Data Privacy Information and Consent.  The Company is located at One Analog Way, Wilmington, Massachusetts, 01887 U.S.A. and grants employees of the Company and its subsidiaries Performance RSUs, at the Company’s sole discretion. If the Participant would like to participate in the Plan, please review the following information about the Company’s data processing practices and declare the Participant’s consent.
(a)    Data Collection and Usage.  The Company collects, processes and uses personal data of Participants, including, name, home address and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any shares of stock or directorships held in the Company, and details of all Performance RSUs, canceled, vested, or outstanding in the Participant’s favor, which the Company receives from the Participant or the Employer.  If the Company offers the Participant a grant of Performance RSUs under the Plan, then the Company will collect the Participant’s personal data for purposes of allocating stock and implementing, administering and managing the Plan.  The Company’s legal basis for the processing of the Participant’s personal data would be his or her consent.
(b)    Stock Plan Administration Service Providers.  The Company transfers participant data to Fidelity Stock Plan Services LLC, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan.  In the future, the Company may select a different service provider and share the Participant’s data with another company that serves in a similar manner.  The Company’s service provider will open an account for the Participant to receive and trade shares of Common Stock.  The Participant will be asked to agree on separate terms and data processing practices with the service provider, which is a condition to the Participant’s ability to participate in the Plan.
(c)    International Data Transfers.  The Company and its service providers are based in the United States.  If the Participant is outside the United States, the Participant should note that his or her country has enacted data privacy laws that are different from the United States and that the United States might not provide a level of protection of personal data equivalent to the level of protection in the Participant's country.  In order to ensure an appropriate level of protection for the transfer of the Participant’s personal data to the Company in the United States, the Company has implemented the EU Standard Contractual Clauses.  However, the onward transfer of the Participant’s personal data by the Company to its service provider is not subject to appropriate safeguards such as the EU Standard Contractual Clauses and is based solely on the Participant’s consent.  The Participant understands and acknowledges that this might result in certain risks to the protection of his or her personal data due to the lack of legal principles governing the processing of the personal data, oversight by a supervisory authority or enforceable data subject rights in the United States.
(d)    Data Retention.  The Company will use the Participant’s personal data only as long as is necessary to implement, administer and manage the Participant’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax, securities, exchange control, and labor laws.  This period may extend beyond the Participant’s employment with the Employer.  If the Company keeps data longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be relevant laws or regulations.
APPENDIX B - 1

APPENDIX B TO
2020 EQUITY INCENTIVE PLAN 
PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT

(e)    Voluntariness and Consequences of Consent Denial or Withdrawal.  The Participant’s participation in the Plan and the Participant’s grant of consent is purely voluntary.  The Participant may deny or withdraw his or her consent at any time.  If the Participant does not consent, or if the Participant withdraws his or her consent, the Participant cannot participate in the Plan.  This would not affect the Participant’s salary from or employment with the Employer; the Participant would merely forfeit the opportunities associated with the Plan.
(f)    Data Subject Rights.  The Participant has a number of rights under data privacy laws in his or her country.  Depending on where the Participant is based, the Participant’s rights may include the right to (a) request access or copies of personal data the Company processes, (b) rectification of incorrect data, (c) deletion of data, (d) restrictions on processing, (e) portability of data, (f) lodge complaints with competent authorities in the Participant’s country, and/or (g) a list with the names and addresses of any potential recipients of the Participant’s personal data.  To receive clarification regarding the Participant’s rights or to exercise the Participant’s rights please contact the Company at Analog Devices, Inc., One Analog Way, Wilmington, Massachusetts, 01887 U.S.A., Attention: Stock Plan Administrator.
Language.  The Participant acknowledges that he or she is sufficiently proficient in English, or has consulted with an advisor who is sufficiently proficient in English, to understand the terms and conditions of this Agreement.

CHINA

The following provision applies if the Participant is subject to exchange control restrictions and regulations in the People's Republic of China (“PRC”), including the requirements imposed by the China State Administration of Foreign Exchange (“SAFE”), as determined by the Company in its sole discretion:

Vesting.  Notwithstanding anything to the contrary in the Plan or the Agreement, the Performance RSUs will not vest and no Shares will be issued to the Participant unless and until all necessary exchange control or other approvals with respect to the Performance RSUs under the Plan have been obtained from the SAFE or its local counterpart (“SAFE Approval”).  In the event that SAFE Approval has not been obtained prior to any date(s) on which the RSUs are scheduled to vest in accordance with the vesting schedule set forth in the Agreement, the Performance RSUs will not vest until the seventh day of the month following the month in which SAFE Approval is obtained (the “Actual Vesting Date”).  If the Participant’s status as a service provider terminates prior to the Actual Vesting Date, the Participant shall not be entitled to vest in any portion of the Performance RSUs and the Performance RSUs shall be forfeited without any liability to the Company, the Employer or any subsidiary or affiliate of the Company.

Exchange Control Requirements.  Due to exchange control laws in the PRC, Shares acquired through Performance RSU vestings must be maintained in the Fidelity (or any successor broker designated by the Company) brokerage account until the Shares are sold.  When the Shares are sold, all proceeds must be repatriated to the PRC and held in a special exchange control account maintained by the Company, the Employer or one of the Company’s subsidiaries in the PRC.  To the extent that the Participant holds any Shares on the date that is three (3) months (or such other period as may be required by the SAFE) after the date of the Participant’s termination of employment with the Company or the Employer, the Participant authorizes Fidelity (or any successor broker designated by the Company) to sell such Shares on the Participant’s behalf at that time or as soon as is administratively practical thereafter. The Participant understands and agrees that the Company's designated broker is under no obligation to arrange for the sale of the Shares at any particular price.  Upon the sale of the Shares, the Company agrees to pay the Participant the cash proceeds from the sale, less any brokerage fees or commissions and subject to any obligation to satisfy Tax-Related Items. 

The Participant further is required to repatriate to the PRC any dividends or dividend equivalents paid to the Participant in relation to Performance RSUs through a special exchange control account established by the Company, the Employer, or one of the Company’s subsidiaries in the PRC.  The Participant hereby agrees that any cash proceeds from the Participant’s participation in the Plan may be transferred to such special account prior to being delivered to the Participant.  

The Participant also understands and agrees that there will be a delay between the date the Shares are sold and the date the cash proceeds are distributed to the Participant.  The Participant agrees to bear any currency fluctuation risk between the time the Shares are sold and the time the cash proceeds are distributed to the Participant through the special account described above.  The Participant further agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in the PRC. 

Tax Liability.  Taxes are due at the time of vesting of the Performance RSUs.  The Participant understands and agrees that Tax-Related Items may be taken by the Employer from the Participant’s salary or other cash compensation.  

APPENDIX B - 2Document

Exhibit 10.9

  

Mr. Steven Pietkiewicz 

VIA EMAIL 

Re:     Severance Agreement and Release

Dear Steve:

This letter summarizes the terms of your retirement from employment with Analog Devices, Inc. (the “Company”).  The purpose of this letter (also referred to as the “Agreement”), and the supplemental release attached as Schedule A, is to outline your retirement arrangement and to release the Company from all legally waivable claims.  The retirement terms set out in Sections 1 and 2 of this Agreement are contingent on the Company receiving approval of those terms from the Compensation Committee of the Board of Directors at its February 16, 2021 meeting.  

By signing this Agreement, you will be giving up valuable legal rights.  For this reason, it is very important that you carefully review and understand the Agreement before signing it.  The deadline for accepting this Agreement is twenty-one (21) days from the date of receipt.  The Company encourages you to consult with a lawyer or other trusted advisor, before signing the document.  

Subject to approval of the Compensation Committee of the Board of Directors at the meeting scheduled to take place on February 16, 2021 meeting, the terms of your retirement are as follows:  

1.    Employment Status and Final Payments:
(a)    Your retirement from employment with the Company will be effective as of October 17, 2021 (the “Retirement Date”).  Starting on January 31, 2021, and ending on the Retirement Date, you will serve as an advisor to Senior Vice President Martin Cotter.  During the period between January 31, 2021 and the Retirement Date you will continue to receive your base pay, and participate in benefit plans, in the same manner and, as to the benefit plans, subject to the same terms and conditions, as prior to January 31, 2021.  
(b)    Your resignation from your current role and membership on the Chief Executive Officer’s staff will be effective on January 31, 2021.  The Compensation Committee will accept your resignation as a Section 16 Officer at its meeting scheduled for February 16, 2021. 
(c)    You will receive a payment on the Retirement Date for all earned salary or wages and for all accrued but unused vacation time and any full sabbatical that you were granted and have not used.

(d)    If you are a participant in the Sales Compensation Plan, you will receive compensation plan payments (which include the Profit Component) up to the last fully completed quarter worked based on your eligible earnings as of the Retirement Date.  The payments, if any, will be paid when due to you in compliance with the terms of the Sales Compensation Plan.  
(e)    Any outstanding stock options, RSUs, RSAs or other equity awards that you have been granted and currently hold will be governed by and subject to the terms of the applicable plan and your specific grant documents.  
(f)    Deferred compensation will be distributed to you in accordance with the terms of the Amended and Restated Deferred Compensation Plan and consistent with the election you made at the time you became eligible to participate in the Plan.  In compliance with the tax laws, your deferred compensation distributions will be delayed until six (6) months after your Retirement Date.  

(g)    You have (i) received all compensation due you as a result of services performed for the Company; (ii) reported to the Company any and all work-related injuries or occupational disease incurred by you during your employment; (iii) been properly provided by the Company any leave requested under the FMLA or similar state local laws and have not been subjected to any improper treatment, conduct or actions due to a request for or taking such leave; (iv) had the opportunity to provide the Company with written notice of any and all concerns regarding suspected ethical and compliance issues or violations on the part of the Company or any other released person or entity; and (v) reported any pending judicial or administrative complaints, claims, or actions against the Company or any other released person or entity. You further acknowledge that you do not have a pending claim of unlawful discrimination; harassment; sexual harassment, abuse, assault, or other criminal conduct; or retaliation.
2.    Consideration:  You agree and acknowledge that you are receiving bargained for consideration in exchange for the terms of this Agreement, including but not limited to the Release, Confidentiality and Continuing Post-Employment Obligations provisions set forth herein.  In exchange for, and in consideration of, your full execution of this Agreement within 21 days and the Supplemental Release of Legal Claims attached as Schedule A on or after your Retirement Date, and after the seven (7)-day revocation period set forth in both Agreements has expired without being exercised, the Company agrees as follows: 
(a)    Severance Pay:  The Company will provide you with severance pay equivalent to Forty-Nine (49) weeks (“the Severance Period”) of base salary, which is equal to Four Hundred Twenty-Four Thousand & Thirty-Eight Dollars ($424,038.00) (“Severance Pay”).  Severance Pay will be paid in a lump sum, less customary payroll deductions, taxes and withholdings.  The lump sum will be paid to you within thirty (30) days of the effective date of the Supplemental Release of Legal Claims attached as Schedule A.  The term “effective date” is as defined in Section 4 of the Supplemental Release of Legal Claims.  
i.    The Severance Pay in Section 2(a) and medical insurance subsidies outlined in Section 2(c) below are intended as retirement benefits.  If during the Severance Period you accept a job with another employer, begin an engagement as an independent contractor or otherwise become self-employed, such conduct is inconsistent with retirement, and, 
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as a result, the  benefits outlined in Section 2(c) below will cease as of the date you commence new employment or you start your new engagement or other business venture.  It is also agreed that such conduct constitutes a material breach of this Agreement for which the Company can pursue damages in a breach of contract action.  For this reason, you are obligated to provide the Company with notice (using the contact information provided in Section 10 below) no less than one (1) week prior to the start of any of the foregoing.  This notice must include the name and location of the new employer, the business retaining you as an independent contractor or your new business venture, as applicable, and the date the forgoing employment or engagement is scheduled to begin or, as applicable, the date on which the new business venture is scheduled to launch.  Notwithstanding the foregoing, the Company agrees that pursuing baking and/or music businesses in some form of self-employment is consistent with retirement and the benefits outlined in Section 2(c) will not cease if you do so.  Moreover, the Company agrees that continuing your current role as a  member of  the Board of Directors of United Silicon Carbide, Inc., and as a member of the Strategic Advisory Board at Actnano Corp.,  and joining the Board of Directors of non-competitive businesses, is not inconsistent with retirement and therefore will not result in the cessation of the benefits outlined in Section 2(c).  Nevertheless, when engaging in the foregoing, you must provide the Company with notice as outlined in this Section 2(a)(i).  Failure to provide the requisite notice in any of the circumstances set forth in this Section 2(a)(i) will constitute a material breach of this Agreement and will also result in the immediate cessation of the medical insurance benefits outlined in Section 2(c) below.  If payment of the medical insurance benefits cease pursuant to the terms of this Section 2(a)(i), you will nonetheless remain bound by the release of legal claims and other obligations as set out in Sections 3, 5, 6 and 8 of this Agreement as well as the release of legal claims set out in the Supplemental Release of Legal Claims. 
ii.    You may not apply for employment with the Company until six (6) months after the Severance Period expires.  Likewise, you may not provide services as a contractor to the Company until six (6) months after the Severance Period expires. 
iii.    Limited exceptions to the restrictions in Section 2(a)(ii) above may be permitted only with written approval from the Chief People Officer, the Chief Financial Officer and the applicable Senior Vice President.  
(b)    Bonus:  You will remain eligible for Q1 and Q2 quarterly bonus payments under the 2021 Executive Performance Incentive Plan (the “2021 Bonus Plan”) based on your eligible earnings.  Despite not working on a full-time basis after January 31, 2021, and despite the fact that the 2021 Bonus Plan is tied to performance and does not guarantee payment, the Company is guaranteeing payment of your Q1 bonus and Q2 bonus based on your eligible earnings subject to the corporate bonus payout factor in the same manner as employees on the 2021 Executive Performance Incentive Plan.  These bonuses will be paid when due to you in compliance with the terms of the 2021 Executive Performance Incentive Plan.  For avoidance of doubt, you will not be eligible for, and you will not be paid, a bonus for Q3 and Q4 of 2021.
(c)    Benefits:  If you elect COBRA following the Retirement Date, you and your dependents will remain eligible to participate in the following group benefit plans if enrolled in these plans prior to the Retirement Date: (i) medical, dental and/or vision plans (subject to the 
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COBRA notice that you will receive by separate communication) and (ii) the Work/Life Program (only if enrolled in the medical plan or medical credit option as of the Retirement Date), for a maximum of eighteen (18) months.  During the Severance Period, the Company will continue to pay the same percentage of the monthly premiums as it does for all active employees in the same plans.  You will be billed directly from Alight Solutions for your portion of the premiums.  Failure to pay your portion of the monthly premium in a timely fashion will result in the cancellation of insurance coverage.  
i.    After the Severance Period expires, and through the remaining balance of the eighteen (18) month COBRA period, you will be responsible for paying the full cost of the insurance premiums at the COBRA rate of 102% of the active rate.  After COBRA coverages end, you must purchase medical insurance on the open market if you want continued coverage until you become eligible for Medicare.  The Company will contribute a cash contribution on your behalf, equivalent to the Company’s subsidy for active employees, to a Health Reimbursement Account (“HRA”) to help offset the costs of the foregoing medical insurance after the Severance Period expires until you turn 65 and are eligible for Medicare.  
ii.    You will be provided with Schedule B, which is a letter from the Company further detailing the benefits that you will be eligible to receive if you sign this Agreement and those that you will no longer be eligible to receive.
(d)    Payments:  The payments and/or income set forth in this Section 2 will be subject to all applicable federal, state and/or local withholding and/or payroll taxes.
3.    Release:  This section of the Agreement is a release of legal claims.  Please carefully review this section with your attorney, or other trusted advisor, and do not sign this document unless you understand what this section says. 
(a)    In exchange for the amounts and benefits described in Sections 2(a), (b) & (c), which are in addition to anything of value to which you are entitled to receive, you and your representatives, agents, estate, heirs, successors and assigns, absolutely and unconditionally release and discharge the Company Releasees from any and all legally waivable claims that you have against the Company Releasees.  Other than as permitted in Section 3(e) below, this means that by signing this Agreement, you are agreeing not to bring a legal action against the Company Releasees for any type of waivable claim arising from conduct that occurred any time in the past and up to and through the date you sign this document.  Company Releasees is defined to include the Company and/or any of its parents, subsidiaries or affiliates, predecessors, successors or assigns, and its and their respective current and/or former directors, shareholders/stockholders, officers, employees, attorneys and/or agents, all both individually and in their official capacities.
(b)    This release includes, but is not limited to, any waivable claims you have against the Company Releasees that arise from any federal, state or local law, statute, executive order, code, regulation, ordinance or constitution dealing with either employment, employment benefits, or employment discrimination.  By way of example, this release includes claims against the Company Releasees under the laws or regulations concerning discrimination on the basis of race, color, creed, religion, age, sex, sex harassment, sexual orientation, gender identity, national origin, ancestry, genetic carrier status, handicap or disability, veteran status, any military service 
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or application for military service, or any other category protected under federal, state or local law.  This release also includes any claim you may have against the Company Releasees for breach of contract, whether oral or written, express or implied; any tort claims (such as wrongful discharge, tortious interference with advantageous relationships, emotional distress and defamation); any claims for equity or employee benefits of any other kind; or any other legally waivable statutory and/or common law claims.
(c)    For avoidance of doubt, by signing this Agreement, you agree not to bring any waivable claims against the Company Releasees under the following nonexclusive list of discrimination and employment statutes:  The Age Discrimination in Employment Act (ADEA), The Older Workers Benefit Protection Act (OWBPA), The Civil Rights Act of 1866, Title VII of the Civil Rights Act of 1964, The Civil Rights Act of 1991, The Rehabilitation Act of 1973, The Fair Credit Reporting Act (FCRA), The Fair Labor Standards Act (FLSA), The Americans With Disabilities Act, The ADA Amendments Act, The Equal Pay Act, The Lilly Ledbetter Fair Pay Act, the Family and Medical Leave Act, The Worker Adjustment and Retraining Notification Act (WARN), the Employee Retirement Income Security Act (ERISA), The Genetic Information Nondiscrimination Act, the National Labor Relations Act (NLRA), The Arizona Civil Rights Act, The Arizona Equal Pay Act, The Arizona Medical Marijuana Act, The Arizona Employment Protection Act, The California Labor Relations Act, The California Fair Employment and Housing Act, The California Family Rights Act, The California Retaliation Against Family Members Act, The California Equal Pay Act, The California Whistleblower Protection Act, The California Workplace Religious Freedoms Act, The California Sick Leave Act, The California Constitution, The California Labor Code, The California Civil Code, the Colorado Anti-Discrimination Act, The Colorado Civil Rights Act, The Colorado Family Care Act, The Florida Constitution, The Florida Civil Rights Act of 1992, The Florida Equal Pay Law, The Florida Private Whistleblower Act, The Florida Wage Discrimination Based On Sex Law, The Florida Workers’ Compensation Retaliation Statute, The Miami-Dade County Family Medical Leave Ordinance, The Illinois Human Rights Act, The Illinois Equal Pay Act, The Illinois Victims’ Economic Security and Safety Act, The Illinois Personnel Records Review Act, The Illinois Genetic Information Privacy Act, The Illinois Religious Freedom Restoration Act, The Illinois Employee Sick Leave Act, The Illinois Constitution, The City of Chicago Paid Sick Leave Ordinance, The Cook County Earned Sick Leave Ordinance, The Indiana Civil Rights Law, The Indiana Age Discrimination Act, The Indiana Employment Discrimination Against Disabled Persons Act, The Massachusetts Fair Employment Practices Law (Mass. Gen. Law Ch. 151B), The Massachusetts Equal Rights Act, The Massachusetts Equal Pay Act, The Massachusetts Payment of Wages Act, The Massachusetts Sick Leave Act, The Massachusetts Privacy Statute and/or the Massachusetts Civil Rights Act, The Maryland Fair Employment Practices Act, The Elliott-Larsen Civil Rights Act, The Michigan Persons With Disabilities Civil Rights Act, The Polygraph Protection Act of 1981, The Michigan Whistleblower's Protection Act, The Michigan Internet Privacy Protection Act, The Michigan Occupational Safety and Health Act, The Bullard-Plawecki Right to Know Act, The Minnesota Human Rights Act, The Minnesota Whistleblower Act, The New Hampshire Law Against Discrimination, The New Jersey Conscientious Employee Protection Act, The New Jersey Family Leave Act, The New Jersey Civil Rights Act, The New Jersey Law Against Discrimination, The New Mexico Human Rights Act, The North Carolina Equal Employment Practices Act, The North Carolina Persons with Disabilities Act, The North Carolina Retaliatory Employment Discrimination Act, The 
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Oregon Revised Statutes chapter 659A, The Oregon Family Medical Leave Act, The Oregon Military Family Leave Act, The Pennsylvania Human Relations Act, The Pennsylvania Whistleblower Act, The Pittsburgh Fair Employment Practices Ordinance, The Pittsburgh Paid Sick Days Act, The Philadelphia Fair Employment Practices Ordinance, The Philadelphia Domestic Violence Leave Act, The Philadelphia Pregnancy Discrimination Act, The Philadelphia Paid Sick Leave Law, The Philadelphia Breast Milk Expression Ordinance, Chapters 21 and 451 of the Texas Labor Code, The Utah Anti-Discrimination Act of 1965, The Vermont Fair Employment Practices Act, The Vermont Parental and Family Leave Act, The Washington Law Against Discrimination (RCW 49.60), The Washington Prohibited Employment Practices Law (RCW 49.44), the anti-retaliation provisions of the Washington Industrial Insurance Act (RCW 51.48) and Washington Industrial Safety and Health Act (RCW 49.17), The Washington Whistleblower Act (RCW 42.40), The Washington Industrial Welfare Act (RCW 49.12), The Washington Agricultural Labor Law (RCW 49.30), The Washington Veterans Employment and Reemployment Act (RCW 73.16), The Washington Military Family Leave Act (RCW 49.77), The Washington Domestic Violence Leave Law (RCW 49.76), The Washington Family Care Act and Parental Leave Law (RCW 49.12), The Washington Little Norris-LaGuardia Act (RCW 49.32), The Washington Fair Credit Reporting Act (RCW 19.182), and The Washington Electronic Privacy Act (RCW 9.73), all as amended, as well as any other federal, state and local discrimination and employment statutes that apply to you.  
California Employees:  You are releasing all rights under section 1542 of the California Civil Code, which provides:
A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.
(d)    You release the Company Releasees from any and all wage and hour related claims to the maximum extent permitted by federal and state law.  This release of legal claims includes but is not limited to claims under the Fair Labor Standards Act, The Arizona Minimum Wage Act, The Arizona Fair Wages and Healthy Families Act, The Florida Minimum Wage Act and any other Florida wage payment laws, The Indiana Wage Payment Act and The Indiana Wage Claims Act, The Massachusetts Payment of Wages Act, The Massachusetts Overtime regulations, The Massachusetts meal break regulations, The Maryland Wage and Hour Law, The Maryland Wage Payment and Collection Law, The Michigan Wage Payment Act (MCL Section 408.471), The Minnesota laws governing wages, including, without implication of limitation, Minn. Stat. Ch. 181, The New Hampshire laws governing wages, including, without implication of limitation, N.H. R.S.A. § 275:1 et seq. and N.H. R.S.A. § 279:1 et seq., The New Jersey State Wage and Hour Law and The New Jersey State Wage Payment Law, The New Mexico laws governing wages, including, without implication of limitation, NMSA 1978, Sections 50-4-1 through 50-4-34, The Oregon Wage and Hour Laws (ORS Chapters 652 and 653), The Texas Payday Law, Utah Code Ann. §§34-28-2 et seq., The Vermont wage and hour laws, including without limitation, 21 V.S.A. §§ 341, et seq. and §§ 381, et seq., The Washington Minimum Wage Act (RCW 49.46), The Washington Hours of Labor Law (RCW 49.28), and Washington’s statutes related to wages (including RCW 49.48 and RCW 49.52), and any other claims under 
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any other federal or state law for unpaid or delayed payment of wages, overtime, vacation pay, bonuses, commissions, incentive payments or severance, missed or interrupted meal periods, as well as  interest, attorneys’ fees, costs, expenses, liquidated damages, treble damages or damages of any kind related to a wage and hour related claim, to the maximum extent permitted by law.
(e)    Nothing in this Section 3 or elsewhere in this Agreement (including but not limited to, the accord & satisfaction, confidentiality, non-disparagement, and return of property provisions) (i) prevents you from filing a claim under the workers compensation or unemployment compensation statutes; (ii) limits or affects your right to challenge the validity of this Agreement under the ADEA or the Older Worker Benefits Protection Act; or (iii) prevents you from filing a charge or complaint or from reporting any allegations of unlawful employment practices or criminal conduct with or from participating in an investigation or proceeding conducted by the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety & Health Commission, the Securities and Exchange Commission, any other federal, state or local agency (in Illinois, this includes the IDHR)  charged with the enforcement of any laws, including providing documents or other information to such agencies; (iv) prevents you from exercising your rights under Section 7 of the National Labor Relations Act to engage in protected, concerted activity with other employees; or (v) prevents you from testifying in an administrative, legislative, or judicial proceeding concerning alleged criminal conduct or alleged unlawful employment practice regarding the Company, its agents, or employees, when you have been required or requested to do so pursuant to a court order, subpoena, or written request from an administrative agency or state legislature; although, by signing this Agreement you are waiving your right to recover any individual relief (including any back pay, front pay, reinstatement or other legal or equitable relief) in any charge, complaint, or lawsuit or other proceeding brought by you or on your behalf by any third party, except for any right you may have to receive an award from a government agency (and not the Company) for information provided to the government agency.
4.    Accord and Satisfaction:  The amounts set forth above in Sections 1 and 2 will be complete and unconditional payment, accord and/or satisfaction with respect to all obligations and liabilities of the Company Releasees to you, including, without limitation, all claims for back wages, salary, vacation pay, draws, incentive pay, bonuses, commissions, equity, severance pay, reimbursement of expenses, any and all other forms of compensation or benefits, attorneys’ fees, or other costs or sums.
5.    Waiver of Rights and Claims Under the Age Discrimination in Employment Act of 1967: Since you are 40 years of age or older, you are being informed that you have or may have specific rights and/or claims under the Age Discrimination in Employment Act of 1967 (“ADEA”) and, if you are employed in Illinois, the Illinois Human Rights Act (“IHRA”), and you agree that:
(a)    in consideration for the amounts and benefits described in Section 2 of this Agreement, which you are not otherwise entitled to receive, you specifically and voluntarily waive such rights and/or claims under the ADEA, and for Illinois employees, under the IHRA,  you might have against the Company Releasees to the extent such rights and/or claims arose on or prior to the date this Agreement was executed;
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(b)    you understand that rights or claims under the ADEA (and for Illinois employees, the IHRA) which may arise after the date this Agreement is executed are not waived by you;
(c)    you are advised to consider the terms of this Agreement carefully and consult with or seek advice from an attorney of your choice or any other person of your choosing prior to executing this Agreement; and
(d)    you have carefully read and fully understand all of the provisions of this Agreement, and you knowingly and voluntarily agree to all of the terms set forth in this Agreement.
6.    Period for Review and Consideration of Agreement:
(a)    You acknowledge that you were informed and understand that you have twenty-one (21) days to review this Agreement and consider its terms before signing it (the “Review Period”).
(b)    The Review Period will not be affected or extended by any revisions, whether material or immaterial, that might be made to this Agreement.
7.    Return of Company Property; Reaffirmation of Post-Employment Obligations:  You agree that on or before the Retirement Date you will return all Company owned equipment, materials, confidential information, and any other property. You signed an agreement as a condition of your initial hire by the Company containing confidentiality and assignment of invention obligations that may be labeled either as the “Employment Agreement”, “Employee Confidentiality and Developments Agreement”, or “Proprietary Information Agreement”.  You agree to abide by the agreement that you signed and further agree that you will not use or disclose the Company’s confidential or proprietary information after the Termination Date.  For avoidance of doubt, and as set forth in Section 3(e) above, nothing in this Agreement, your “Employment Agreement”, “Employee Confidentiality and Developments Agreement”, or “Proprietary Information Agreement” prohibits you from reporting possible violations of state or federal law or regulation to any government agency or entity, or making other disclosures that are protected under the whistleblower provisions of state or federal law or regulation.  You are not required to notify the Company that you have made any such reports or disclosures.
Other than as permitted in Section 3(e), you agree that if the Company determines that you have misappropriated confidential or proprietary information, it is a material breach of this Agreement and the Company has the right to demand you return all or a portion of the Severance Pay amount and cease paying you any and all severance-related benefits, but that, nonetheless, you will remain bound by the release provisions set out in Sections 3, 4, 5, and 8 of this Agreement.  
8.    Future Conduct:
(a)    Non-disparagement:  Other than as permitted in Section 3(e), you agree not to make disparaging, critical, or otherwise detrimental comments to any person or entity concerning the products, services, or programs provided by the Company or under development by the Company at the time of your departure.  Notwithstanding the foregoing, nothing in this Section 
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shall in any way restrict or impede you from exercising protected rights to the extent that such rights cannot be waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or authorized government agency, provided that such compliance does not exceed that required by the law, regulation or order.  Further, nothing in this Agreement, shall have the purpose or effect of requiring you to conceal the details relating to any unlawful employment practice, including a claim of discrimination, harassment, or retaliation, provided that you shall not reveal proprietary information consisting of non-public trade secrets, business plans, and customer information.  You agree that the requirements and obligations in this Section serve the mutual interests of both you and the Company in ensuring an amicable separation between the Parties. 
(b)    Confidentiality of this Agreement:  In exchange for the valuable consideration described above in Section 2, you agree as follows: other than as permitted in Section 3(e), you  will not disclose, divulge or publish, directly or indirectly, any information regarding the financial terms of this Agreement to any person or organization other than (i) your immediate family, (ii) your accountants or attorneys when such disclosure is necessary for the accountants or attorneys to render professional services, (iii) the taxing authorities, (iv) the state unemployment compensation agency; or (v) when otherwise compelled by law.  Your entering into this confidentiality provision is a material inducement to the Company to enter into this Agreement.  You agree that it is your preference and is in the mutual interest of both you and the Company that the amount of severance pay and benefits agreed to in this Agreement remain confidential.  
9.    Representations:
(a)    This Agreement and the attached Schedules set forth the complete and sole agreement between the parties regarding the subject matter addressed in this document and supersede any and all other agreements or understandings whether oral or written, regarding the subject matter addressed in this document, except the “Employment Agreement,” “Employee Confidentiality and Developments Agreement”, “Proprietary Information Agreement”, and any stock award agreements between you and the Company, each of which will remain in full force and effect in accordance with their respective terms.  This Agreement may not be changed, amended, modified, altered or rescinded except upon the express written consent of either the Company’s Chief People Officer or the Company’s General Counsel and you. 
(b)    If any provision of this Agreement is held invalid, void or voidable as against public policy or otherwise, the invalidity will not affect other provisions which may be given effect without the invalid provision.  To this extent, the provisions of this Agreement are declared to be severable.  The language of all parts of this Agreement will in all cases be construed according to its fair meaning and not strictly for or against either of the parties.
(c)    This Agreement and any claims arising out of this Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts and shall in all respects be interpreted, enforced and governed under the internal and domestic laws of Massachusetts, without giving effect to the principles of conflicts of laws of such state.  Any claims or legal actions by one party against the other shall be commenced and maintained in state 
9
 

or federal court located in California, and you hereby submit to the jurisdiction and venue of any such court.
(d)    You may not assign any of your rights or delegate any of your duties under this Agreement.  The rights and obligations of the Company will inure to the benefit of the Company’s successors and assigns. 
10.    Effective Date:
You may revoke this Agreement for a period of seven (7) days after signing it.  The Agreement will become effective after the 7-day revocation period expires without being exercised.  In order to revoke the Agreement, you must submit a written notice of revocation to Margaret Seif (Margaret.Seif@analog.com).  This written notice may be sent by mail, email, overnight mail or hand-delivery but must be received by Ms. Seif no later than the close of business on the seventh (7th) day.  
If this letter correctly states the agreement and understanding we have reached, please indicate your acceptance of this Agreement by signing and returning to me before the expiration of the twenty-one (21) day deadline.  This Agreement will be dated as of the date of your execution of this Agreement and will become effective upon the later of the following: (i) the 7-day revocation period following your execution of this Agreement or (ii) the 7-day revocation period following the approval by the Compensation Committee of the Board of Directors at its February 16, 2021 meeting.  
Very truly yours,

Analog Devices, Inc.
															
	By:	/s/ Margaret Seif		Title:	Chief People Officer & Chief Legal Officer
		Margaret Seif			

I REPRESENT THAT I HAVE READ THIS AGREEMENT, THAT I FULLY UNDERSTAND THE TERMS AND CONDITIONS OF THE AGREEMENT AND THAT I AM KNOWINGLY AND VOLUNTARILY EXECUTING THE AGREEMENT.

Accepted and Agreed to:

						
	/s/ Steven Pietkiewicz	
	Steven Pietkiewicz	
		
	February 15, 2021	
	Date Signed	

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SCHEDULE A

SUPPLEMENTAL RELEASE OF LEGAL CLAIMS
DO NOT SIGN THIS DOCUMENT PRIOR TO YOUR RETIREMENT DATE

1.    Release and Waiver: 
 
(a)    Notwithstanding the provisions of Section 1542 of the Civil Code of California, and in exchange for the Severance Pay and benefits as described in Sections 2(a) – 2(c) of the Severance Agreement and Release (“Agreement”), you and any person acting by, through, under or on your behalf, release, waive, and forever discharge Analog Devices, Inc. (the “Company”), and/or any of its and their parents, subsidiaries or affiliates, predecessors, successors or assigns, and its and their respective current and/or former directors, shareholders/stockholders, officers, employees, attorneys and/or agents, all both individually and in their official capacities, from any federal, state or local law, regulation, ordinance or constitution dealing with either employment, employment benefits or employment discrimination.  By way of example, this release includes claims under the following nonexclusive list of discrimination and employment statutes:  The Age Discrimination in Employment Act (ADEA), The Older Workers Benefit Protection Act (OWBPA), The Civil Rights Act of 1866, Title VII of the Civil Rights Act of 1964, The Civil Rights Act of 1991, The Rehabilitation Act of 1973, The Fair Credit Reporting Act (FCRA), The Fair Labor Standards Act (FLSA), The Americans With Disabilities Act, The ADA Amendments Act, The Equal Pay Act, The Lilly Ledbetter Fair Pay Act, the Family and Medical Leave Act, The Worker Adjustment and Retraining Notification Act (WARN), the Employee Retirement Income Security Act (ERISA), The Genetic Information Nondiscrimination Act, the National Labor Relations Act (NLRA), The Arizona Civil Rights Act, The Arizona Equal Pay Act, The Arizona Medical Marijuana Act, The Arizona Employment Protection Act, The California Labor Relations Act, The California Fair Employment and Housing Act, The California Family Rights Act, The California Retaliation Against Family Members Act, The California Equal Pay Act, The California Whistleblower Protection Act, The California Workplace Religious Freedoms Act, The California Sick Leave Act, The California Constitution, The California Labor Code, The California Civil Code, the Colorado Anti-Discrimination Act, The Colorado Civil Rights Act, The Colorado Family Care Act, The Florida Constitution, The Florida Civil Rights Act of 1992, The Florida Equal Pay Law, The Florida Private Whistleblower Act, The Florida Wage Discrimination Based On Sex Law, The Florida Workers’ Compensation Retaliation Statute, The Miami-Dade County Family Medical Leave Ordinance, The Illinois Human Rights Act, The Illinois Equal Pay Act, The Illinois Victims’ Economic Security and Safety Act, The Illinois Personnel Records Review Act, The Illinois Genetic Information Privacy Act, The Illinois Religious Freedom Restoration Act, The Illinois Employee Sick Leave Act, The Illinois Constitution, The City of Chicago Paid Sick Leave Ordinance, The Cook County Earned Sick Leave Ordinance, The Indiana Civil Rights Law, The Indiana Age Discrimination Act, The Indiana Employment Discrimination Against Disabled Persons Act, The Massachusetts Fair Employment Practices Law (Mass. Gen. Law Ch. 151B), The Massachusetts Equal Rights Act, The Massachusetts Equal Pay Act, The Massachusetts Payment of Wages Act, The Massachusetts Sick Leave Act, The Massachusetts Privacy Statute and/or the Massachusetts Civil Rights Act, The Maryland Fair Employment Practices Act, The Elliott-Larsen Civil Rights Act, The Michigan Persons With Disabilities Civil Rights Act, The Polygraph Protection Act of 1981, The Michigan Whistleblower's Protection Act, The Michigan Internet Privacy Protection Act, The Michigan 
11
 

Occupational Safety and Health Act, The Bullard-Plawecki Right to Know Act, The Minnesota Human Rights Act, The Minnesota Whistleblower Act, The New Hampshire Law Against Discrimination, The New Jersey Conscientious Employee Protection Act, The New Jersey Family Leave Act, The New Jersey Civil Rights Act, The New Jersey Law Against Discrimination, The New Mexico Human Rights Act, The North Carolina Equal Employment Practices Act, The North Carolina Persons with Disabilities Act, The North Carolina Retaliatory Employment Discrimination Act, The Oregon Revised Statutes chapter 659A, The Oregon Family Medical Leave Act, The Oregon Military Family Leave Act, The Pennsylvania Human Relations Act, The Pennsylvania Whistleblower Act, The Pittsburgh Fair Employment Practices Ordinance, The Pittsburgh Paid Sick Days Act, The Philadelphia Fair Employment Practices Ordinance, The Philadelphia Domestic Violence Leave Act, The Philadelphia Pregnancy Discrimination Act, The Philadelphia Paid Sick Leave Law, The Philadelphia Breast Milk Expression Ordinance, Chapters 21 and 451 of the Texas Labor Code, The Utah Anti-Discrimination Act of 1965, The Vermont Fair Employment Practices Act, The Vermont Parental and Family Leave Act, The Washington Law Against Discrimination (RCW 49.60), The Washington Prohibited Employment Practices Law (RCW 49.44), the anti-retaliation provisions of the Washington Industrial Insurance Act (RCW 51.48) and Washington Industrial Safety and Health Act (RCW 49.17), The Washington Whistleblower Act (RCW 42.40), The Washington Industrial Welfare Act (RCW 49.12), The Washington Agricultural Labor Law (RCW 49.30), The Washington Veterans Employment and Reemployment Act (RCW 73.16), The Washington Military Family Leave Act (RCW 49.77), The Washington Domestic Violence Leave Law (RCW 49.76), The Washington Family Care Act and Parental Leave Law (RCW 49.12), The Washington Little Norris-LaGuardia Act (RCW 49.32), The Washington Fair Credit Reporting Act (RCW 19.182), and The Washington Electronic Privacy Act (RCW 9.73), all as amended, as well as any other federal, state and local discrimination and employment statutes that apply to you. 
 
California Employees:  You are releasing all rights under section 1542 of the California Civil Code, which provides:

A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.

Illinois Employees:  By signing this Supplemental Release, you agree that you have read and fully understand this Supplemental Release and have voluntarily entered into this Supplemental Release with full knowledge and understanding that you are expressly waiving valuable rights, including releasing any claims that you have or might have against the Company under the Illinois Human Rights Act (“IHRA”), Title VII of the Civil Rights Act, the Americans With Disabilities Act, the Family and Medical Leave Act and any claims enforced by the IDHR, EEOC, or any other government agency.

Minnesota Employees: You understand and acknowledge that the Supplemental Release of claims under the Minnesota Human Rights Act (MHRA) in this Section does not include a waiver of any claims under the MHRA that may arise after the date you sign this Supplemental Release.

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(b)    You acknowledge that your intention in executing this Supplemental Release is that this Supplemental Release shall be effective as a bar to each and every claim specified in Section 1 of this Supplemental Release.  You represent that you understand and acknowledge the significance and consequence of the release of legal claims in Section 1 of this Supplemental Release as well as the specific waivers of claims under Section 1542 of the California Civil Code and the Illinois Human Rights Act.

2.    Waiver of Rights and Claims Under the Age Discrimination in Employment Act of 1967:  Since you are 40 years of age or older, you are being informed that you have or may have specific rights and/or claims under the Age Discrimination in Employment Act of 1967 (“ADEA”) and, if you are employed in Illinois, the Illinois Human Rights Act (“IHRA”), and you agree that:

(a)    in consideration for the Severance Pay and benefits as described in Sections 2(a) – 2(c) of the Agreement, which you are not otherwise entitled to receive, you specifically and voluntarily waive such rights and/or claims under the ADEA, and for Illinois employees, under the IHRA, you might have against the Company Releasees to the extent such rights and/or claims arose on or prior to the date this Supplemental Release was executed;

(b)    you understand that rights or claims under the ADEA (and for Illinois employees, the IHRA) which may arise after the date this Supplemental Release is executed are not waived by you;

(c)    you are advised to consider the terms of this Supplemental Release carefully and consult with or seek advice from an attorney of your choice or any other person of your choosing prior to executing this Supplemental Release; and

(d)    you have carefully read and fully understand all of the provisions of this Supplemental Release, and you knowingly and voluntarily agree to all of the terms set forth in this Supplemental Release.

3.     You have (i) received all compensation due you as a result of services performed for the Company; (ii) reported to the Company any and all work-related injuries or occupational disease incurred by you during your employment; (iii) been properly provided by the Company any leave requested under the FMLA or similar state or local laws and have not been subjected to any improper treatment, conduct or actions due to a request for or taking such leave; (iv) had the opportunity to provide the Company with written notice of any and all concerns regarding suspected ethical and compliance issues or violations on the part of the Company or any other released person or entity; and (v) reported any pending judicial or administrative complaints, claims, or actions against the Company or any other released person or entity.  You further acknowledge that you do not have a pending claim of unlawful discrimination; harassment; sexual harassment, abuse, assault, or other criminal conduct; or retaliation.

4.    Revocation:  You understand that if you sign this Supplemental Release, you can change your mind and revoke it within seven days, or if you are employed in Minnesota, fifteen days, after signing by following the revocation procedure set forth in Section 10 of the Agreement.
  
5.    General Provisions:  This Supplemental Release along with the Agreement constitute the complete and total agreement between the Company and you with respect to issues addressed in 
13
 

those two documents, except this Supplemental Release shall not in any way affect, modify, or nullify any prior agreement you have entered into with the Company regarding confidentiality, trade secrets, inventions, or unfair competition.  You agree that this Supplemental Release shall not be modified, altered, or discharged except by written instrument signed by the General Counsel of the Company.  This Agreement and any claims arising out of this Agreement will be governed by and construed in accordance with the laws of the state of Massachusetts without giving effect to the principles of conflicts of laws.
   
6.    Exceptions and No Interference with Rights:  You understand this Supplemental Release does not (i) prevent you from filing a claim under the workers compensation or unemployment compensation statutes; (ii) limit or affect your right to challenge the validity of this Agreement under the ADEA or the Older Worker Benefits Protection Act; (iii) prevent you from filing a charge or complaint or from reporting any allegations of unlawful employment practices or criminal conduct with or from participating in an investigation or proceeding conducted by the EEOC, the National Labor Relations Board, the Securities and Exchange Commission, or any other federal, state or local agency (in Illinois, this includes the Illinois Department of Human Rights (IDHR ), charged with the enforcement of any laws, including providing documents or other information to such agencies; or (iv) prevent you from exercising your rights under Section 7 of the NLRA to engage in protected, concerted activity with other employees, (v) prevent you from testifying in an administrative, legislative, or judicial proceeding concerning alleged criminal conduct or alleged unlawful employment practices regarding the Company, its agents, or employees, when you have been required or requested to do so pursuant to a court order, subpoena, or written request from an administrative agency or state legislature; although, by signing this Supplemental Release you are waiving your right to recover any individual relief (including any back pay, front pay, reinstatement or other legal or equitable relief) in any charge, complaint, or lawsuit or other proceeding brought by you or on your behalf by any third party, except for any right you may have to receive an award from a government agency (and not the Company) for information provided to the government agency.

        DO NOT SIGN THIS DOCUMENT PRIOR TO YOUR RETIREMENT DATE

AGREED & ACCEPTED 

						
		
	Steven Pietkiewicz	
		
		
	Date Signed	

AGREED & ACCEPTED

						
		
	Margaret Seif	
		
		
	Date Signed	

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