Document:

exv10wx

 

EXHIBIT 10.X

January 22, 2008

Mr. Liam Griffin

			
	Re:	 	Change of Control / Severance Agreement 

Dear Liam:

This letter agreement (the “Agreement”) sets out the severance arrangements concerning your
employment with Skyworks Solutions, Inc. (“Skyworks”).

1. Termination of Employment Related to Change of Control

	 	1.1.	 	If: (i) a Change of Control occurs during the Initial Term or the
Additional Term (as defined in Section 7) and (ii) your employment with
Skyworks is terminated by Skyworks without Cause or you terminate your
employment with Skyworks for Good Reason, in either case within one
(1) year after the Change of Control, then you will receive the benefits
provided in Section 1.4 below.
	 
	 	1.2.	 	“Change of Control” means an event or occurrence set forth in any one or
more of subsections (a) through (d) below (including an event or
occurrence that constitutes a Change of Control under one of such
subsections but is specifically exempted from another such subsection):

(a) the acquisition by an individual, entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) (a “Person”) of beneficial ownership of any capital stock of Skyworks if, after
such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3
promulgated under the Exchange Act) 40% or more of either (x) the then-outstanding
shares of common stock of Skyworks (the “Outstanding Company Common Stock”) or (y)
the combined voting power of the then-outstanding securities of Skyworks entitled to
vote generally in the election of directors (the “Outstanding Company Voting
Securities”); provided, however, that for purposes of this subsection (a), the
following acquisitions shall not constitute a Change of Control: (i) any acquisition
directly from Skyworks (excluding an acquisition pursuant to the exercise, conversion
or exchange of any security exercisable for, convertible into or

 

 

Mr. Liam Griffin

January 22, 2008

Page 2

exchangeable for common stock or voting securities of Skyworks, unless the Person
exercising, converting or exchanging such security acquired such security directly
from Skyworks or an underwriter or agent of Skyworks), (ii) any acquisition by
Skyworks, (iii) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by Skyworks or any corporation controlled by Skyworks, or
(iv) any acquisition by any corporation pursuant to a transaction which complies
with clauses (i) and (ii) of subsection (c) of this Section 1.2; or

(b) such time as the Continuing Directors (as defined below) do not
constitute a majority of the Board of Directors of Skyworks (the “Board”)
(or, if applicable, the Board of Directors of a successor corporation to
Skyworks), where the term “Continuing Director” means at any date a
member of the Board (i) who was a member of the Board on the date of
the execution of this Agreement or (ii) who was nominated or elected
subsequent to such date by at least a majority of the directors who were
Continuing Directors at the time of such nomination or election or whose
election to the Board was recommended or endorsed by at least a majority
of the directors who were Continuing Directors at the time of such
nomination or election; provided, however, that there shall be excluded
from this clause (ii) any individual whose initial assumption of office
occurred as a result of an actual or threatened election contest with respect
to the election or removal of directors or other actual or threatened
solicitation of proxies or consents, by or on behalf of a person other than
the Board; or

(c) the consummation of a merger, consolidation, reorganization,
recapitalization or statutory share exchange involving Skyworks or a sale
or other disposition of all or substantially all of the assets of Skyworks in
one or a series of transactions (a “Business Combination”), unless,
immediately following such Business Combination, each of the following
two conditions is satisfied: (i) all or substantially all of the individuals and
entities who were the beneficial owners of the Outstanding Company
Common Stock and Outstanding Company Voting Securities immediately
prior to such Business Combination beneficially own, directly or
indirectly, more than 50% of the then-outstanding shares of common stock
and the combined voting power of the then-outstanding securities entitled
to vote generally in the election of directors, respectively, of the resulting
or acquiring corporation in such Business Combination (which shall
include, without limitation, a corporation which as a result of such
transaction owns Skyworks or substantially all of Skyworks’ assets either
directly or through one or more subsidiaries) (such resulting or acquiring
corporation is referred to herein as the “Acquiring Corporation”) in
substantially the same proportions as their ownership, immediately prior to
such Business Combination, of the Outstanding Company Common Stock

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Mr. Liam Griffin

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Page 3

and Outstanding Company Voting Securities, respectively; and (ii) no Person
(excluding any employee benefit plan (or related trust) maintained or sponsored by
Skyworks or by the Acquiring Corporation) beneficially owns, directly or
indirectly, 40% or more of the then outstanding shares of common stock of the
Acquiring Corporation, or of the combined voting power of the then-outstanding
securities of such corporation entitled to vote generally in the election of
directors (except to the extent that such ownership existed prior to the Business
Combination); or

(d) approval by the stockholders of Skyworks of a complete liquidation or
dissolution of Skyworks.

	 	1.3.	 	“Good Reason” means the occurrence of any of the following events
without your prior written consent: (i) a material diminution of your base
compensation (unless in connection with a general reduction in the base
compensation of all of Skyworks’ officers and/or senior management
employees necessitated by the business or financial condition of
Skyworks, provided such reduction does not adversely affect you to a
greater extent than such other persons); (ii) a material diminution in your
authority, duties or responsibilities; (iii) a material change in the
geographic location at which you are directed that you must perform your
duties, which Skyworks has determined shall include a change in your
principal place of employment at Skyworks’ or an affiliate’s direction from
the location of the your principal place of employment immediately prior
to the date this Agreement becomes effective to a location more than fifty
(50) miles from such principal place of employment; or (iv) any action or
inaction constituting a material breach by Skyworks of the terms of this
Agreement. Your termination of employment shall not be deemed to be
for Good Reason unless, within sixty (60) days of the occurrence of the
event constituting Good Reason, you have provided Skyworks with (a) at
least thirty (30) days advance written notice of your decision to terminate
your employment for Good Reason, and (b) a period of not less than thirty
(30) days to cure the event or condition described in (i), (ii), (iii) or (iv),
and Skyworks has either failed to so cure the event or waived its right to
cure the event, to the extent it is then subject to cure.
	 
	 	1.4.	 	Subject to the provisions of Sections 6 and 8, (i) as soon as practicable
(but not more than sixty (60) days) after the date of any termination
described in Section 1.1 (or such later date as may be required by Section
8), Skyworks will pay you a lump sum equal to two (2) times the sum of
(a) your rate of annual base salary in effect immediately prior to the
Change of Control, and (b) the greater of (1) the average of the annual
short-term cash incentive payments you received for each of the three
years prior to the year in which the Change of Control occurs, whether or
not includable in gross income for federal income tax purposes, or (2)

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Page 4

	 	 	 	your target annual short-term cash incentive opportunity for the year in which the
Change of Control occurs; and (ii) on the date of any termination described in
Section 1.1, all of your then outstanding Skyworks stock options shall remain
exercisable for a period of eighteen (18) months after the termination date (or,
if earlier, until the last day of the full option term), subject to their other
terms and conditions; and (iii) Skyworks will provide you medical benefits
substantially the same as those provided to you at the time of termination for a
period of eighteen (18) months after the date of termination.
	 
	 	1.5.	 	If any excise tax (the “Excise Tax”) under Section 4999 of the Internal
Revenue Code of 1986 (the “Code”) is payable by you by reason of the occurrence of a
change in the ownership or effective control of Skyworks or a change in the ownership
of a substantial portion of the assets of Skyworks, determined in accordance with
Section 280G(b)(2) of the Code, then Skyworks shall pay you, in addition to any other
amounts payable under this Agreement, an amount (the “Gross-Up Payment”) equal to the
sum of the Excise Tax and the amount necessary to pay all additional taxes imposed on
(or economically borne by) you (including the Excise Tax, state and federal income
taxes and all applicable employment taxes) attributable to the receipt of the
Gross-Up Payment; provided however, that (i) in no event shall the Gross-Up Payment
exceed five hundred thousand U.S. dollars ($500,000.00), (ii) Skyworks shall have no
obligation to make the Gross-Up Payment to you until you remit the Excise Tax to the
Internal Revenue Service; and (iii) any Gross-Up Payment shall be paid no later than
the last day of the calendar year following the calendar year in which you remit the
Excise Tax. For purposes of the preceding sentence, all taxes attributed to the
receipt of the Gross-Up Payment shall be computed assuming the application of the
maximum tax rate provided by law.

2. Other Terminations of Employment

	 	2.1.	 	If, during the Initial Term or the Additional Term (as defined in Section
7), your employment with Skyworks is terminated by Skyworks without
Cause, then yon will receive the benefits specified in Section 2.3 below. If
your employment is terminated by Skyworks for Cause or by you for any
reason, you will not be entitled to receive the benefits specified in Section
2.3 below. This Section 2 shall not apply if you are entitled to receive the
benefits set forth in Section 1.4 above.
	 
	 	2.2.	 	“Cause” means (i) your deliberate dishonesty that is significantly
detrimental to the best interests of Skyworks or any subsidiary or affiliate;
(ii) conduct on your part constituting an act of moral turpitude; (iii) your
willful disloyalty to Skyworks or refusal or failure to obey the directions

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	 	 	 	of the Board; or (iv) your incompetent performance or substantial or continuing
inattention to or neglect of duties assigned to you. Any determination of Cause
must be made by the full Board at a meeting duly called.
	 
	 	2.3.	 	Subject to the provisions of Sections 6 and 8, if, during the Initial Term
or the Additional Term (as defined in Section 7), your employment is terminated by
Skyworks without Cause, (i) as soon as practicable (but not more than sixty (60)
days) after the date of employment termination (or such later date as may be required
by Section 8), Skyworks will pay you a lump sum equal to the sum of (x) your then
current annual base salary, and (y) any short-term cash incentive payment then due,
whether or not includable in gross income for federal income tax; and (ii) all of
your then vested outstanding Skyworks stock options will remain exercisable for a
period of twelve (12) months after the date of your employment termination (or, if
earlier, until the last day of the full option term), subject to their terms and
conditions.

3. Effect of Change of Control on Equity Awards

If a Change of Control occurs during the Initial Term or the Additional Term, immediately
prior to such transaction constituting such Change of Control, (i) all of your then
unvested Skyworks stock options shall become immediately vested and exercisable; (ii) any
restrictions on each outstanding restricted stock award shall lapse and such award will
become immediately vested; and, (iii) each outstanding performance share award shall be
deemed earned as to the greater of (a) the “Target” level of shares for such award or (b)
the number of shares that would have been earned pursuant to the terms of such award as of
the day prior to the date of such Change of Control, and such shares shall be issued by the
Company to you immediately prior to such Change of Control transaction.

4. Non-Competition; Non-Solicitation

During the term of your employment with Skyworks and for the first twenty-four (24) months
after the date on which your employment with Skyworks is terminated for any reason (the
“Noncompete Period”), you will not engage in any employment, consulting or other activity
that competes with the business of Skyworks or any subsidiary or affiliate of Skyworks
(collectively, the “Company”). You acknowledge and agree that your direct or indirect
participation in the conduct of a competing business alone or with any other person will
materially impair the business and prospects of the Company. During the Noncompete Period,
you will not, either directly or indirectly, (i) attempt to hire any director, officer,
employee or agent of the Company, (ii) assist in such hiring by any other person, (iii)
encourage any person to terminate his or her employment or business relationship with the
Company, (iv) not disrupt or

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	 	 	 	interfere (or attempt to disrupt or interfere) with the Company’s relationships with it
employees, (v) encourage any customer or supplier of the Company to terminate its
relationship with the Company, or (vi) obtain, or assist in obtaining, for your own
benefit (other than indirectly as an employee of the Company) any customer of the Company.
If any of the restrictions in this Section 4 are adjudicated to be excessively broad as to
scope, geographic area, time or otherwise, said restriction shall be reduced to the extent
necessary to make the restriction reasonable and shall be binding on you as so reduced.
Any provisions of this section not so reduced will remain in full force and effect.
	 
	 	 	 	It is understood that during the Noncompete Period, you will make yourself available to
Skyworks for consultation on behalf of Skyworks, upon reasonable request and at a
reasonable rate of compensation and at reasonable times and places in light of any
commitment you may have to a new employer.
	 
	 	 	 	You understand and acknowledge that Skyworks’ remedies at law for breach of any of the
restrictions in this Section 4 are inadequate and that any such breach will cause
irreparable harm to Skyworks. You therefore agree that in addition and as a supplement to
such other rights and remedies as may exist in Skyworks’ favor, Skyworks may apply to any
court having jurisdiction to enforce the specific performance of the restrictions in this
Section 4, and may apply for injunctive relief against any act which would violate those
restrictions.
	 
	 	5.	 	Death; Disability
	 
	 	 	 	In the event of your death at any time during your employment by Skyworks, all of your
then outstanding Company stock options, whether or not by their terms then exercisable,
will become immediately exercisable and remain exercisable for a period of one year
thereafter, subject to their other terms and conditions.
	 
	 	 	 	In the event of your disability at any time during your employment by Skyworks, all of
your then outstanding Company stock options, whether or not by their terms then
exercisable, will become immediately exercisable and remain exercisable so long as you
remain an employee or officer of Skyworks and for a period of one year thereafter, subject
to their other terms and conditions.
	 
	 	6.	 	Release of Claims
	 
	 	 	 	Skyworks shall have no obligation to make any payments or provide any benefits pursuant to
either Section 1.4 or Section 2.3, as applicable, unless (i) you agree to sign and deliver
to the General Counsel of Skyworks a release of claims in substantially the form attached
hereto as Exhibit A (the “Release”) and (ii) the Release has become non-revocable by the
sixtieth (60th) day following the date of termination of your employment.

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Mr. Liam Griffin

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	 	7.	 	Term
	 
	 	 	 	This Agreement shall be effective for an initial term of two (2) years from the date hereof
(the “Initial Term”); provided however, that (i) if your employment terminates within the
Initial Term, this Agreement shall remain in effect until all of your and Skyworks’
obligations hereunder have been fully satisfied. Following the Initial Term, this Agreement
shall renew automatically on the anniversary hereof for up to five (5) additional one (1)
year periods (each an “Additional Term”) unless, at least ninety (90) days prior to the end
of the then current term of the Agreement, either party provides written notice to the
other party that the Agreement should not be extended, and (ii) if your employment
terminates during any Additional Term, this Agreement shall remain in effect until all of
your and Skyworks’ obligations hereunder have been fully satisfied. Notwithstanding
anything to the contrary herein, your obligations pursuant to Section 4 shall survive any
termination of this Agreement and extend throughout the Noncompete Period.
	 
	 	8.	 	Miscellaneous
	 
	 	 	 	All claims by you for benefits under this Agreement shall be directed to and determined by
the Board of Skyworks and shall be in writing. Any denial by the Board of a claim for
benefits under this Agreement shall be delivered to you in writing and shall set forth the
specific reasons for the denial and the specific provisions of this Agreement relied upon.
The Board shall afford a reasonable opportunity to you for a review of the decision denying
a claim. Any further dispute or controversy arising under or in connection with this
Agreement shall be settled exclusively by arbitration in Boston, Massachusetts, in
accordance with the rules of the American Arbitration Association then in effect. Judgment
may be entered on the arbitrator’s award in any court having jurisdiction. Skyworks agrees
to pay as incurred, to the full extent permitted by law, all legal, accounting and other fees
and expenses which you may reasonably incur as a result of any claim or contest (regardless
of the outcome thereof) by Skyworks, you or others regarding the validity or enforceability
of, or liability under, any provision of this Agreement or any guarantee of performance
thereof (including as a result of any contest by you regarding the amount of any payment or
benefits pursuant to this Agreement), plus in each case interest on any delayed payment at
the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code.
Notwithstanding anything in this letter to the contrary, (a) no provision of this letter
will operate to extend the life of any option beyond the term originally stated in the
applicable option grant or option agreement; (b) the reimbursement of a fee or expense
pursuant to this Section 8 shall be provided not later than the calendar year following the
calendar year in which the fee or expense was incurred, (c) the amount of fees and expenses
eligible for reimbursement during any calendar year may not affect the amount of fees and
expenses eligible for reimbursement in any other calendar year, (d) the right to
reimbursement under this Section 8 is not

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	 	 	 	subject to liquidation or exchange for another benefit and (e) the obligation of Skyworks
under this Section 8 shall survive the termination for any reason of this agreement and
shall remain in effect until the applicable statute of limitation has expired with respect
to any claim or contest (regardless of the outcome thereof) by Skyworks, you or others
regarding the validity or enforceability of, or liability under, any provision of this
Agreement or any guarantee of performance thereof (including as a result of any contest by
you regarding the amount of any payment or benefits pursuant to this Agreement).
	 
	 	 	 	This Agreement is intended to comply with Section 409A of the Code and any related
regulations or other applicable guidance promulgated thereunder (collectively, “Section
409A”), to the extent applicable. It is the intent of the parties hereto that all severance
payments and benefits provided pursuant to this Agreement qualify as short-term deferrals,
as defined in Treasury Regulation §1.409A-1(a)(4), separation pay due to an involuntary
separation from service under Treasury Regulation §1.409A-1(b)(9)(iii),
reimbursement of medical benefits under Treasury Regulation §1.409A-1(b)(9)(v)(B), and/or
limited payments, as defined in Treasury Regulation §1.409A-1(b)(9)(v)(D), to the extent
applicable. If (a) it is determined that any payments or benefits provided pursuant to this
Agreement that are paid upon “separation from service” (as that term is used in Section
409A) constitute deferred compensation for purposes of Section 409A (after taking into
account the exceptions listed in the prior sentence and/or any other applicable exceptions)
and (b) you are a “specified employee” (as that term is used in Section 409A) when your
employment terminates, such payments or benefits (or portions thereof) that constitute
deferred compensation payable upon a separation from service that are to be paid or
provided during the six (6) month period following termination of your employment shall not
be paid or provided until the first business day after the date that is six (6) months
following termination of your employment or, if earlier, the first business day following
the date of your death. The payment that is made pursuant to the prior sentence shall
include the cumulative amount of any amounts that could not be paid during the six (6)
month period.
	 
	 	 	 	Except as expressly provided in this Section 8, neither you nor Skyworks shall have the
right to accelerate or to defer the delivery of the payments to be made under this
Agreement. Notwithstanding anything in this Agreement to the contrary, references to
employment termination in Sections 1.4 or 2.3, as applicable, shall be interpreted to mean
“separation from service,” as that term is used in Section 409A of the Code and related
regulations. Accordingly, payments to be made under Section 1.4 or Section 2.3, as
applicable, shall not be made unless a separation from service (within the meaning of
Section 409A of the Code and related regulations) shall have occurred.

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Mr. Liam Griffin

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	 	 	 	Skyworks may withhold (or cause to be withheld) from any payments made under this
Agreement, all federal, state, city or other taxes as shall be required to be withheld
pursuant to any law or governmental regulation or ruling.
	 
	 	 	 	The Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation, reorganization or otherwise) to all or substantially all of the business or
assets of the Company (the “Acquisition”), as a condition precedent to the Acquisition, to
expressly assume and agree in writing, with a copy to you, to perform this Agreement in the
same manner and to the same extent as the Company would be required to perform this
Agreement as if no such succession had taken place. You acknowledge and agree, and the
Company acknowledges and agrees, that, without limitation to any other provision of this
Agreement which is also “material”, this provision is a material term of this Agreement and
an important clause benefiting you, to assure you that the obligation of Skyworks to provide
you with the existing benefits made available under this Agreement, are adhered to by any
successor to the Company, and the provision also benefits the Company in that the assurance
to you afforded by this provision is an important retention incentive to have you remain in
the employment of the Company.
	 
	 	 	 	This Agreement contains the entire understanding of the parties concerning its subject
matter, and if there is any conflict between the terms of this Agreement and the terms of
any other agreement (including but not limited to an equity award held by you or the
applicable plan under which such award was issued), the terms of this Agreement shall
govern. You shall not be eligible to receive severance or similar payments under any
severance plan, program or policy maintained by Skyworks. This Agreement may be modified
only by a written instrument executed by both parties. This Agreement replaces and
supersedes all prior agreements relating to your employment or severance, including without
limitation the Agreement between you and Skyworks dated May 26, 2005. This Agreement will
be governed by and construed in accordance with the laws of the Commonwealth of
Massachusetts.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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Mr. Liam Griffin

January 22, 2008

Page 10

Please sign both copies of this Agreement and return one to Skyworks.

	 	 	 	 	 
	Sincerely,

	 	AGREED TO:
	 	 
	 
	 	 	 	 
	SKYWORKS SOLUTIONS, INC.
	 	 	 	 
	 
	 	 	 	 
	/s/ David J. Aldrich

	 	/s/ Mr. Liam Griffin	 	 
	 

	 	 	 	 
	David J. Aldrich, President and CEO

	 	Date: 1/22/08	 	 

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Mr. Liam Griffin

January 22, 2008

EXHIBIT A

Form of Release of Claims

In consideration for receiving benefits pursuant to either, as applicable, Section 1.4 or
Section 2.3 of the Change in Control/Severance Agreement dated January 22, 2008
between you and Skyworks Solutions, Inc. (the “Company”) (the “Agreement”), you, on behalf of
yourself and your representatives, agents, estate, heirs, successors and assigns, agree to and do
hereby forever waive, release and discharge the Company, and each of its affiliated or related
entities, parents, subsidiaries, predecessors, successors, assigns, divisions, owners,
stockholders, partners, directors, officers, attorneys, insurers, benefit plans, employees and
agents, whether previously or hereinafter affiliated in any manner, as well as all persons or
entities acting by, through, or in concert with any of them (collectively, the “Released Parties”),
from any and all claims, debts, contracts, obligations, promises, controversies, agreements,
liabilities, demands, wage claims, expenses, charges of discrimination, harassment or
retaliation, disputes, agreements, damages, attorneys’ fees, or complaints of any nature
whatsoever, whether or not now known, suspected, claimed, matured or unmatured, existing or
contingent, from the beginning of time until the moment you have signed this Agreement, against the
Released Parties (whether directly or indirectly), or any of them, by reason of any act, event or
omission concerning any matter, cause or thing, including, without limiting the generality of the
foregoing, any claims related to or arising out of (i) your employment or its termination, (ii) any
contract or agreement (express or implied) between you and any of the Released Parties, (iii) any
tort or tort-type claim, (iv) any federal, state or governmental constitution, statute, regulation
or ordinance, including but not limited to the U.S. Constitution; Title VII of the Civil Rights Act
of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of
1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of 1963,
as amended; the Americans With Disabilities Act of 1990; the Family and Medical Leave Act of 1993;
the Worker Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act
of 1974; the Fair Labor Standards Act; any applicable Executive Order Programs; any similar state
or local statutes or laws; and any other federal, state, or local civil or human rights law, (v)
any public policy, contract or tort law, or under common law, (vi) any policies, practices or
procedures of the Company, (vii) any claim for wrongful discharge, breach of contract, infliction
of emotional distress, defamation, (vii) any claim for costs, fees, or other expenses, including
attorneys’ fees incurred in these matters, (viii) any impairment of your ability to obtain
subsequent employment, and (ix) any permanent or temporary disability or loss of future earnings.

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Mr. Liam Griffin

January 22, 2008

For the purpose of implementing a full and complete release and discharge of the Released Parties,
you expressly acknowledge that this Agreement is intended to include and does include in its
effect, without limitation, all claims which you do not know or suspect to exist in your favor
against the Released Parties, or any of them, at the moment of execution hereof, and that this
Agreement expressly contemplates the extinguishment of all such claims.

BY SIGNING THIS GENERAL RELEASE, YOU REPRESENT AND AGREE THAT:

	1.	 	YOU UNDERSTAND ALL OF ITS TERMS AND KNOW THAT YOU ARE
GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO,
RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF
1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS
AMENDED; THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH
DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED;
	 
	2.	 	YOU HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY
BEFORE EXECUTING IT AND YOU HAVE EITHER DONE SO OR, AFTER
CAREFUL READING AND CONSIDERATION, YOU HAVE CHOSEN NOT
TO DO SO OF YOUR OWN VOLITION;
	 
	3.	 	YOU HAVE HAD AT LEAST 21 DAYS: (A) FROM THE DATE OF YOUR
RECEIPT OF THIS RELEASE SUBSTANTIALLY IN ITS FINAL FORM ON                            ,                     ; AND (B) TO CONSIDER IT AND THE
CHANGES MADE SINCE THE                             ,                     VERSION OF
THIS RELEASE AND SUCH CHANGES ARE NOT MATERIAL AND WILL NOT RESTART THE REQUIRED 21-DAY
PERIOD; AND
	 
	4.	 	YOU UNDERSTAND THAT YOU HAVE SEVEN DAYS AFTER THE
EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS
RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL
THE REVOCATION PERIOD HAS EXPIRED.

	 	 	 	 	 
	Agreed:
	 	 	 	 
	 

	 	 

	 	 
	 

	
Date:

	 	 

	 	 

A-2

 

Mr. Liam Griffin

January 22, 2008

Acknowledged: SKYWORKS SOLUTIONS, INC.

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

David J. Aldrich

President and Chief Executive Officer
	 	 

Date:

A-3exv10waa

 

EXHIBIT 10.AA

January 22, 2008

Mr. George LeVan

			
	Re:	 	Change of Control / Severance Agreement 

Dear George:

This letter agreement (the “Agreement”) sets out the severance arrangements concerning your
employment with Skyworks Solutions, Inc. (“Skyworks”).

1. Termination of Employment Related to Change of Control

	 	1.1.	 	If: (i) a Change of Control occurs during the Initial Term or the
Additional Term (as defined in Section 7) and (ii) your employment with
Skyworks is terminated by Skyworks without Cause or you terminate your
employment with Skyworks for Good Reason, in either case within one
(1) year after the Change of Control, then you will receive the benefits
provided in Section 1.4 below.
	 
	 	1.2.	 	“Change of Control” means an event or occurrence set forth in any one or
more of subsections (a) through (d) below (including an event or
occurrence that constitutes a Change of Control under one of such
subsections but is specifically exempted from another such subsection):

(a) the acquisition by an individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”)) (a “Person”) of beneficial ownership of any capital stock of
Skyworks if, after such acquisition, such Person beneficially owns (within the
meaning of Rule 13d-3 promulgated under the Exchange Act) 40% or more of either (x)
the then-outstanding shares of common stock of Skyworks (the “Outstanding Company
Common Stock”) or (y) the combined voting power of the then-outstanding securities
of Skyworks entitled to vote generally in the election of directors (the
“Outstanding Company Voting Securities”); provided, however, that for
purposes of this subsection (a), the following acquisitions shall not constitute a
Change of Control: (i) any acquisition directly from Skyworks (excluding an
acquisition pursuant to the exercise, conversion or exchange of any security
exercisable for, convertible into or exchangeable for common stock or voting
securities of Skyworks, unless

 

 

Mr. George LeVan

January 22, 2008

Page 2

the Person exercising, converting or exchanging such security acquired such
security directly from Skyworks or an underwriter or agent of Skyworks), (ii) any
acquisition by Skyworks, (iii) any acquisition by any employee benefit plan (or
related trust) sponsored or maintained by Skyworks or any corporation controlled by
Skyworks, or (iv) any acquisition by any corporation pursuant to a transaction
which complies with clauses (i) and (ii) of subsection (c) of this Section 1.2; or

(b) such time as the Continuing Directors (as defined below) do not
constitute a majority of the Board of Directors of Skyworks (the “Board”)
(or, if applicable, the Board of Directors of a successor corporation to
Skyworks), where the term “Continuing Director” means at any date a
member of the Board (i) who was a member of the Board on the date of
the execution of this Agreement or (ii) who was nominated or elected
subsequent to such date by at least a majority of the directors who were
Continuing Directors at the time of such nomination or election or whose
election to the Board was recommended or endorsed by at least a majority
of the directors who were Continuing Directors at the time of such
nomination or election; provided, however, that there shall be excluded
from this clause (ii) any individual whose initial assumption of office
occurred as a result of an actual or threatened election contest with respect
to the election or removal of directors or other actual or threatened
solicitation of proxies or consents, by or on behalf of a person other than
the Board; or

(c) the consummation of a merger, consolidation, reorganization,
recapitalization or statutory share exchange involving Skyworks or a sale
or other disposition of all or substantially all of the assets of Skyworks in
one or a series of transactions (a “Business Combination”), unless,
immediately following such Business Combination, each of the following
two conditions is satisfied: (i) all or substantially all of the individuals and
entities who were the beneficial owners of the Outstanding Company
Common Stock and Outstanding Company Voting Securities immediately
prior to such Business Combination beneficially own, directly or
indirectly, more than 50% of the then-outstanding shares of common stock
and the combined voting power of the then-outstanding securities entitled
to vote generally in the election of directors, respectively, of the resulting
or acquiring corporation in such Business Combination (which shall
include, without limitation, a corporation which as a result of such
transaction owns Skyworks or substantially all of Skyworks’ assets either
directly or through one or more subsidiaries) (such resulting or acquiring
corporation is referred to herein as the “Acquiring Corporation”) in
substantially the same proportions as their ownership, immediately prior to
such Business Combination, of the Outstanding Company Common Stock

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Mr. George LeVan

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Page 3

and Outstanding Company Voting Securities, respectively; and (ii) no Person (excluding any
employee benefit plan (or related trust) maintained or sponsored by Skyworks or by the
Acquiring Corporation) beneficially owns, directly or indirectly, 40% or more of the then
outstanding shares of common stock of the Acquiring Corporation, or of the combined voting
power of the then-outstanding securities of such corporation entitled to vote generally in
the election of directors (except to the extent that such ownership existed prior to the
Business Combination); or

(d) approval by the stockholders of Skyworks of a complete liquidation or dissolution of
Skyworks.

	 	1.3.	 	“Good Reason” means the occurrence of any of the following events
without your prior written consent: (i) a material diminution of your base
compensation (unless in connection with a general reduction in the base
compensation of all of Skyworks’ officers and/or senior management
employees necessitated by the business or financial condition of
Skyworks, provided such reduction does not adversely affect you to a
greater extent than such other persons); (ii) a material diminution in your
authority, duties or responsibilities; (iii) a material change in the
geographic location at which you are directed that you must perform your
duties, which Skyworks has determined shall include a change in your
principal place of employment at Skyworks’ or an affiliate’s direction from
the location of the your principal place of employment immediately prior
to the date this Agreement becomes effective to a location more than fifty
(50) miles from such principal place of employment; or (iv) any action or
inaction constituting a material breach by Skyworks of the terms of this
Agreement. Your termination of employment shall not be deemed to be
for Good Reason unless, within sixty (60) days of the occurrence of the
event constituting Good Reason, you have provided Skyworks with (a) at
least thirty (30) days advance written notice of your decision to terminate
your employment for Good Reason, and (b) a period of not less than thirty
(30) days to cure the event or condition described in (i), (ii), (iii) or (iv),
and Skyworks has either failed to so cure the event or waived its right to
cure the event, to the extent it is then subject to cure.
	 
	 	1.4.	 	Subject to the provisions of Sections 6 and 8, (i) as soon as practicable
(but not more than sixty (60) days) after the date of any termination
described in Section 1.1 (or such later date as may be required by Section
8), Skyworks will pay you a lump sum equal to two (2) times the sum of
(a) your rate of annual base salary in effect immediately prior to the
Change of Control, and (b) the greater of (1) the average of the annual
short-term cash incentive payments you received for each of the three
years prior to the year in which the Change of Control occurs, whether or

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Mr. George LeVan

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Page 4

	 	 	 	not includable in gross income for federal income tax purposes, or (2) your target
annual short-term cash incentive opportunity for the year in which the Change of
Control occurs; and (ii) on the date of any termination described in Section 1.1,
all of your then outstanding Skyworks stock options shall remain exercisable for a
period of eighteen (18) months after the termination date (or, if earlier, until
the last day of the full option term), subject to their other terms and
conditions; and (iii) Skyworks will provide you medical benefits substantially the
same as those provided to you at the time of termination for a period of eighteen
(18) months after the date of termination.
	 
	 	1.5.	 	If any excise tax (the “Excise Tax”) under Section 4999 of the Internal
Revenue Code of 1986 (the “Code”) is payable by you by reason of the occurrence of a
change in the ownership or effective control of Skyworks or a change in the ownership
of a substantial portion of the assets of Skyworks, determined in accordance with
Section 280G(b)(2) of the Code, then Skyworks shall pay you, in addition to any other
amounts payable under this Agreement, an amount (the “Gross-Up Payment”) equal to the
sum of the Excise Tax and the amount necessary to pay all additional taxes imposed on
(or economically borne by) you (including the Excise Tax, state and federal income
taxes and all applicable employment taxes) attributable to the receipt of the Gross-Up
Payment; provided  however, that (i) in no event shall the Gross-Up Payment exceed
five hundred thousand U.S. dollars ($500,000.00), (ii) Skyworks shall have no
obligation to make the Gross-Up Payment to you until you remit the Excise Tax to the
Internal Revenue Service; and (iii) any Gross-Up Payment shall be paid no later than
the last day of the calendar year following the calendar year in which you remit the
Excise Tax. For purposes of the preceding sentence, all taxes attributed to the
receipt of the Gross-Up Payment shall be computed assuming the application of the
maximum tax rate provided by law.

2. Other Terminations of Employment

	 	2.1.	 	If, during the Initial Term or the Additional Term (as defined in Section
7), your employment with Skyworks is terminated by Skyworks without
Cause, then you will receive the benefits specified in Section 2.3 below. If
your employment is terminated by Skyworks for Cause or by you for any
reason, you will not be entitled to receive the benefits specified in Section
2.3 below. This Section 2 shall not apply if you are entitled to receive the
benefits set forth in Section 1.4 above.
	 
	 	2.2.	 	“Cause” means (i) your deliberate dishonesty that is significantly
detrimental to the best interests of Skyworks or any subsidiary or affiliate;

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January 22, 2008

Page 5

	 		 	(ii) conduct on your part constituting an act of moral turpitude; (iii) your
willful disloyalty to Skyworks or refusal or failure to obey the directions of the
Board; or (iv) your incompetent performance or substantial or continuing
inattention to or neglect of duties assigned to you. Any determination of Cause
must be made by the full Board at a meeting duly called.
	 
	 	2.3.	 	Subject to the provisions of Sections 6 and 8, if, during the Initial Term
or the Additional Term (as defined in Section 7), your employment is terminated by
Skyworks without Cause, (i) as soon as practicable (but not more than sixty (60)
days) after the date of employment termination (or such later date as may be required
by Section 8), Skyworks will pay you a lump sum equal to the sum of (x) your then
current annual base salary, and (y) any short-term cash incentive payment then due,
whether or not includable in gross income for federal income tax; and (ii) all of
your then vested outstanding Skyworks stock options will remain exercisable for a
period of twelve (12) months after the date of your employment termination (or, if
earlier, until the last day of the full option term), subject to their terms and
conditions.

3. Effect of Change of Control on Equity Awards

If a Change of Control occurs during the Initial Term or the Additional Term, immediately
prior to such transaction constituting such Change of Control, (i) all of your then
unvested Skyworks stock options shall become immediately vested and exercisable; (ii) any
restrictions on each outstanding restricted stock award shall lapse and such award will
become immediately vested; and, (iii) each outstanding performance share award shall be
deemed earned as to the greater of (a) the “Target” level of shares for such award or (b)
the number of shares that would have been earned pursuant to the terms of such award as of
the day prior to the date of such Change of Control, and such shares shall be issued by the
Company to you immediately prior to such Change of Control transaction.

4. Non-Competition; Non-Solicitation

During the term of your employment with Skyworks and for the first twenty-four (24) months
after the date on which your employment with Skyworks is terminated for any reason (the
“Noncompete Period”), you will not engage in any employment, consulting or other activity
that competes with the business of Skyworks or any subsidiary or affiliate of Skyworks
(collectively, the “Company”). You acknowledge and agree that your direct or indirect
participation in the conduct of a competing business alone or with any other person will
materially impair the business and prospects of the Company. During the Noncompete Period,
you will not, either directly or indirectly, (i) attempt to

5

 

Mr. George LeVan

January 22, 2008

Page 6

	 	 	 	hire any director, officer, employee or agent of the Company, (ii) assist in such hiring
by any other person, (iii) encourage any person to terminate his or her employment or
business relationship with the Company, (iv) not disrupt or interfere (or attempt to
disrupt or interfere) with the Company’s relationships with it employees, (v) encourage
any customer or supplier of the Company to terminate its relationship with the Company, or
(vi) obtain, or assist in obtaining, for your own benefit (other than indirectly as an
employee of the Company) any customer of the Company. If any of the restrictions in this
Section 4 are adjudicated to be excessively broad as to scope, geographic area, time or
otherwise, said restriction shall be reduced to the extent necessary to make the
restriction reasonable and shall be binding on you as so reduced, Any provisions of this
section not so reduced will remain in full force and effect.
	 
	 	 	 	It is understood that during the Noncompete Period, you will make yourself available to
Skyworks for consultation on behalf of Skyworks, upon reasonable request and at a
reasonable rate of compensation and at reasonable times and places in light of any
commitment you may have to a new employer.
	 
	 	 	 	You understand and acknowledge that Skyworks’ remedies at law for breach of any of the
restrictions in this Section 4 are inadequate and that any such breach will cause
irreparable harm to Skyworks. You therefore agree that in addition and as a supplement to
such other rights and remedies as may exist in Skyworks’ favor, Skyworks may apply to any
court having jurisdiction to enforce the specific performance of the restrictions in this
Section 4, and may apply for injunctive relief against any act which would violate those
restrictions.
	 
	 	5.	 	Death; Disability
	 
	 	 	 	In the event of your death at any time during your employment by Skyworks, all of your
then outstanding Company stock options, whether or not by their terms then exercisable,
will become immediately exercisable and remain exercisable for a period of one year
thereafter, subject to their other terms and conditions.
	 
	 	 	 	In the event of your disability at any time during your employment by Skyworks, all of
your then outstanding Company stock options, whether or not by their terms then
exercisable, will become immediately exercisable and remain exercisable so long as you
remain an employee or officer of Skyworks and for a period of one year thereafter, subject
to their other terms and conditions.
	 
	 	6.	 	Release of Claims
	 
	 	 	 	Skyworks shall have no obligation to make any payments or provide any benefits pursuant to
either Section 1.4 or Section 2.3, as applicable, unless (i) you agree to sign and deliver
to the General Counsel of Skyworks a release of claims in

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Mr. George LeVan

January 22, 2008

Page 7

	 	 	 	substantially the form attached hereto as Exhibit A (the “Release”) and (ii) the Release
has become non-revocable by the sixtieth (60th) day following the date of termination of
your employment.
	 
	 	7.	 	Term
	 
	 	 	 	This Agreement shall be effective for an initial term of two (2) years from the date
hereof (the “Initial Term”); provided however, that (i) if your employment terminates
within the Initial Term, this Agreement shall remain in effect until all of your and
Skyworks’ obligations hereunder have been fully satisfied. Following the Initial Term,
this Agreement shall renew automatically on the anniversary hereof for up to five (5)
additional one (1) year periods (each an “Additional Term”) unless, at least ninety (90)
days prior to the end of the then current term of the Agreement, either party provides
written notice to the other party that the Agreement should not be extended, and (ii) if
your employment terminates during any Additional Term, this Agreement shall remain in
effect until all of your and Skyworks’ obligations hereunder have been fully satisfied.
Notwithstanding anything to the contrary herein, your obligations pursuant to Section 4
shall survive any termination of this Agreement and extend throughout the Noncompete
Period.
	 
	 	8.	 	Miscellaneous
	 
	 	 	 	All claims by you for benefits under this Agreement shall be directed to and determined by
the Board of Skyworks and shall be in writing. Any denial by the Board of a claim for
benefits under this Agreement shall be delivered to you in writing and shall set forth the
specific reasons for the denial and the specific provisions of this Agreement relied upon.
The Board shall afford a reasonable opportunity to you for a review of the decision denying
a claim. Any farther dispute or controversy arising under or in connection with this
Agreement shall be settled exclusively by arbitration in Boston, Massachusetts, in
accordance with the rules of the American Arbitration Association then in effect. Judgment
may be entered on the arbitrator’s award in any court having jurisdiction. Skyworks agrees
to pay as incurred, to the full extent permitted by law, all legal, accounting and other
fees and expenses which you may reasonably incur as a result of any claim or contest
(regardless of the outcome thereof) by Skyworks, you or others regarding the validity or
enforceability of, or liability under, any provision of this Agreement or any guarantee of
performance thereof (including as a result of any contest by you regarding the amount of
any payment or benefits pursuant to this Agreement), plus in each case interest on any
delayed payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of the
Code. Notwithstanding anything in this letter to the contrary, (a) no provision of this
letter will operate to extend the life of any option beyond the term originally stated in
the applicable option grant or option agreement; (b) the reimbursement of a fee or expense

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Mr. George LeVan

January 22, 2008

Page 8

	 	 	 	pursuant to this Section 8 shall be provided not later than the calendar year following the
calendar year in which the fee or expense was incurred, (c) the amount of fees and expenses
eligible for reimbursement during any calendar year may not affect the amount of fees and expenses
eligible for reimbursement in any other calendar year, (d) the right to reimbursement under this
Section 8 is not subject to liquidation or exchange for another benefit and (e) the obligation of
Skyworks under this Section 8 shall survive the termination for any reason of this agreement and
shall remain in effect until the applicable statute of limitation has expired with respect to any
claim or contest (regardless of the outcome thereof) by Skyworks, you or others regarding the
validity or enforceability of, or liability under, any provision of this Agreement or any guarantee
of performance thereof (including as a result of any contest by you regarding the amount of any
payment or benefits pursuant to this Agreement).
	 
	 	 	 	This Agreement is intended to comply with Section 409A of the Code and any related regulations or
other applicable guidance promulgated thereunder (collectively, “Section 409A”), to the extent
applicable. It is the intent of the parties hereto that all severance payments and benefits
provided pursuant to this Agreement qualify as short-term deferrals, as defined in Treasury
Regulation §1.409A-1(a)(4), separation pay due to an involuntary separation from service under
Treasury Regulation §1.409A-1(b)(9)(iii), reimbursement of medical benefits under Treasury
Regulation §1.409A-1(b)(9)(v)(B), and/or limited payments, as defined in Treasury Regulation
§1.409A-1(b)(9)(v)(D), to the extent applicable. If (a) it is determined that any payments or
benefits provided pursuant to this Agreement that are paid upon “separation from service” (as that
term is used in Section 409A) constitute deferred compensation for purposes of Section 409A (after
taking into account the exceptions listed in the prior sentence and/or any other applicable
exceptions) and (b) you are a “specified employee” (as that term is used in Section 409A) when
your employment terminates, such payments or benefits (or portions thereof) that constitute
deferred compensation payable upon a separation from service that are to be paid or provided
during the six (6) month period following termination of your employment shall not be paid or
provided until the first business day after the date that is six (6) months following termination
of your employment or, if earlier, the first business day following the date of your death. The
payment that is made pursuant to the prior sentence shall include the cumulative amount of any
amounts that could not be paid during the six (6) month period.
	 
	 	 	 	Except as expressly provided in this Section 8, neither you nor Skyworks shall have the right to
accelerate or to defer the delivery of the payments to be made under this Agreement.
Notwithstanding anything in this Agreement to the contrary, references to employment termination
in Sections 1.4 or 2.3, as applicable, shall be interpreted to mean “separation from service,” as
that term is used in Section 409A of the Code and related regulations. Accordingly, payments

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Mr. George LeVan

January 22, 2008

Page 9

	 	 	 	to be made under Section 1.4 or Section 2.3, as applicable, shall not be made unless a
separation from service (within the meaning of Section 409A of the Code and related
regulations) shall have occurred.
	 
	 	 	 	Skyworks may withhold (or cause to be withheld) from any payments made under this
Agreement, all federal, state, city or other taxes as shall be required to be withheld
pursuant to any law or governmental regulation or ruling.
	 
	 	 	 	The Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation, reorganization or otherwise) to all or substantially all of the business or
assets of the Company (the “Acquisition”), as a condition precedent to the Acquisition, to
expressly assume and agree in writing, with a copy to you, to perform this Agreement in the
same manner and to the same extent as the Company would be required to perform this
Agreement as if no such succession had taken place. You acknowledge and agree, and the
Company acknowledges and agrees, that, without limitation to any other provision of this
Agreement which is also “material”, this provision is a material term of this Agreement and
an important clause benefiting you, to assure you that the obligation of Skyworks to provide
you with the existing benefits made available under this Agreement, are adhered to by any
successor to the Company, and the provision also benefits the Company in that the assurance
to you afforded by this provision is an important retention incentive to have you remain in
the employment of the Company.
	 
	 	 	 	This Agreement contains the entire understanding of the parties concerning its subject
matter, and if there is any conflict between the terms of this Agreement and the terms of
any other agreement (including but not limited to an equity award held by you or the
applicable plan under which such award was issued), the terms of this Agreement shall
govern. You shall not be eligible to receive severance or similar payments under any
severance plan, program or policy maintained by Skyworks. This Agreement may be modified
only by a written instrument executed by both parties. This Agreement replaces and
supersedes all prior agreements relating to your employment or severance, including without
limitation the Agreement between you and Skyworks dated May 26, 2005. This Agreement will
be governed by and construed in accordance with the laws of the Commonwealth of
Massachusetts.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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Mr. George LeVan

January 22, 2008

Page 10

Please sign both copies of this Agreement and return one to Skyworks.

	 	 	 	 	 
	Sincerely,

	 	AGREED TO:	 	 
	 
	 	 	 	 
	SKYWORKS SOLUTIONS, INC.
	 	 	 	 
	 
	 	 	 	 
	/s/ David J. Aldrich,
 

David J. Aldrich, President and CEO

	 	/s/ Mr. George LeVan
 

Date: 1/22/08
	 	 

10

 

Mr. George LeVan

January 22, 2008

EXHIBIT A

Form of Release of Claims

In consideration for receiving benefits pursuant to either, as applicable, Section 1.4 or
Section 2.3 of the Change in Control/Severance Agreement dated January 22, 2008
between you and Skyworks Solutions, Inc. (the “Company”) (the “Agreement”), you, on behalf of
yourself and your representatives, agents, estate, heirs, successors and assigns, agree to and do
hereby forever waive, release and discharge the Company, and each of its affiliated or related
entities, parents, subsidiaries, predecessors, successors, assigns, divisions, owners,
stockholders, partners, directors, officers, attorneys, insurers, benefit plans, employees and
agents, whether previously or hereinafter affiliated in any manner, as well as all persons or
entities acting by, through, or in concert with any of them (collectively, the “Released
Parties”), from any and all claims, debts, contracts, obligations, promises, controversies,
agreements, liabilities, demands, wage claims, expenses, charges of discrimination, harassment or
retaliation, disputes, agreements, damages, attorneys’ fees, or complaints of any nature
whatsoever, whether or not now known, suspected, claimed, matured or unmatured, existing or
contingent, from the beginning of time until the moment you have signed this Agreement, against the
Released Parties (whether directly or indirectly), or any of them, by reason of any act, event or
omission concerning any matter, cause or thing, including, without limiting the generality of the
foregoing, any claims related to or arising out of (i) your employment or its termination, (ii) any
contract or agreement (express or implied) between you and any of the Released Parties, (iii) any
tort or tort-type claim, (iv) any federal, state or governmental constitution, statute, regulation
or ordinance, including but not limited to the U.S. Constitution; Title VII of the Civil Rights Act
of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of
1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of 1963,
as amended; the Americans With Disabilities Act of 1990; the Family and Medical Leave Act of 1993;
the Worker Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act
of 1974; the Fair Labor Standards Act; any applicable Executive Order Programs; any similar state
or local statutes or laws; and any other federal, state, or local civil or human rights law, (v)
any public policy, contract or tort law, or under common law, (vi) any policies, practices or
procedures of the Company, (vii) any claim for wrongful discharge, breach of contract, infliction
of emotional distress, defamation, (vii) any claim for costs, fees, or other expenses, including
attorneys’ fees incurred in these matters, (viii) any impairment of your ability to obtain
subsequent employment, and (ix) any permanent or temporary disability or loss of future earnings.

For the purpose of implementing a full and complete release and discharge of the Released
Parties, you expressly acknowledge that this Agreement is intended to include and does include in
its effect, without limitation, all claims which you do not know or

A-1

 

Mr. George LeVan

January 22, 2008

suspect to exist in your favor against the Released Parties, or any of them, at the moment of
execution hereof, and that this Agreement expressly contemplates the extinguishment of all such
claims.

BY SIGNING THIS GENERAL RELEASE, YOU REPRESENT AND AGREE THAT:

	1.	 	YOU UNDERSTAND ALL OF ITS TERMS AND KNOW THAT YOU ARE
GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO,
RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF
1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS
AMENDED; THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH
DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED;
	 
	2.	 	YOU HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY
BEFORE EXECUTING IT AND YOU HAVE EITHER DONE SO OR, AFTER
CAREFUL READING AND CONSIDERATION, YOU HAVE CHOSEN NOT
TO DO SO OF YOUR OWN VOLITION;
	 
	3.	 	YOU HAVE HAD AT LEAST 21 DAYS: (A) FROM THE DATE OF YOUR
RECEIPT OF THIS RELEASE SUBSTANTIALLY IN ITS FINAL FORM ON                           ,                    ; AND (B) TO CONSIDER IT AND THE
CHANGES MADE SINCE THE                                              ,VERSION OF
THIS RELEASE AND SUCH CHANGES ARE NOT MATERIAL AND WILL NOT RESTART THE REQUIRED 21-DAY
PERIOD; AND
	 
	4.	 	YOU UNDERSTAND THAT YOU HAVE SEVEN DAYS AFTER THE
EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS
RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL
THE REVOCATION PERIOD HAS EXPIRED.

A-2

 

Mr. George LeVan

January 22, 2008

	 	 	 	 	 
	Agreed:
	 	 	 	 
	 

	 	 

	 	 
	 

	 	 

	 	 
	Date:
	 	 	 	 

Acknowledged: SKYWORKS SOLUTIONS, INC.

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

David J. Aldrich

President and Chief Executive Officer
	 	 

Date:

A-3

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