Document:

2010 Employee Stock Purchase Program

 Exhibit 4.2 

PIXELWORKS, INC. 

2010 EMPLOYEE STOCK PURCHASE PLAN 
  

	1.	PURPOSE 

 The purpose of
this Plan is to assist Eligible Employees in acquiring a stock ownership interest in the Corporation, at a favorable price and upon favorable terms, pursuant to a plan which is intended to qualify as an “employee stock purchase plan” under
Section 423 of the Code. This Plan is also intended to encourage Eligible Employees to remain in the employ of the Corporation or a Participating Subsidiary and to provide them with an additional incentive to advance the best interests of the
Corporation. 
  

	2.	DEFINITIONS 

 Capitalized
terms used herein which are not otherwise defined shall have the following meanings. 
 “Account” means the
bookkeeping account maintained by the Corporation, or by a recordkeeper on behalf of the Corporation, for a Participant pursuant to Section 7(a). 

“Board” means the Board of Directors of the Corporation. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. 

“Commission” means the U.S. Securities and Exchange Commission. 

“Committee” means the committee appointed by the Board to administer this Plan pursuant to Section 12. 

“Common Stock” means the common stock, par value $0.001 per share, of the Corporation, and such other securities or
property as may become the subject of Options pursuant to an adjustment made under Section 17. 

“Compensation” means an Eligible Employee’s regular earnings and shall not include any overtime pay, sick pay, shift
differential, shift premium, vacation pay, cash incentive compensation, commissions or cash bonuses. Compensation also includes any amounts contributed as salary reduction contributions to a plan qualifying under Section 401(k), 125 or 129 of
the Code. Any other form of remuneration is excluded from Compensation, including (but not limited to) the following: prizes, awards, relocation or housing allowances, stock option exercises, stock appreciation right payments, the vesting or grant
of restricted stock, the payment of stock units, performance awards, auto allowances, tuition reimbursement, perquisites, non-cash compensation and other forms of imputed income. Notwithstanding the foregoing, Compensation shall not include any
amounts deferred under or paid from any nonqualified deferred compensation plan maintained by the Corporation or any Subsidiary. 

 “Contributions” means the bookkeeping amounts credited to the Account of a
Participant pursuant to this Plan, equal in amount to the amount of Compensation that the Participant has elected to contribute for the purchase of Common Stock under and in accordance with this Plan. 

“Corporation” means Pixelworks, Inc., an Oregon corporation, and its successors. 

“Effective Date” means the date on which this Plan is initially approved by the shareholders of the Corporation.

 “Eligible Employee” means any employee of the Corporation, or of any Subsidiary which has been
designated in writing by the Committee as a “Participating Subsidiary.” Notwithstanding the foregoing, “Eligible Employee” shall not include any employee whose customary employment is twenty (20) hours or less per week.

 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended from time to time. 

“Fair Market Value” on any date means: 
  

	 	(a)	if the Common Stock is listed or admitted to trade on a national securities exchange, the closing price of a share of Common Stock on such date on the principal
national securities exchange on which the Common Stock is so listed or admitted to trade, or, if there is no trading of the Common Stock on such date, then the closing price of a share of Common Stock on such exchange on the next preceding date on
which there was trading in the shares of Common Stock; 

  

	 	(b)	in the absence of exchange data required to determine Fair Market Value pursuant to the foregoing, the value as established by the Committee as of the relevant time for
purposes of this Plan. 

 “Grant Date” means, with respect to an Offering Period, the first day of
that Offering Period. 
 “Individual Limit” has the meaning given to such term in Section 4(b). 

“Offering Period” means the period of eighteen (18) consecutive months commencing on each Grant Date as provided in
Section 5; provided, however, that the Committee may declare, as it deems appropriate and in advance of the applicable Offering Period, a shorter (not to be less than three months) Offering Period or a longer (not to exceed 27 months) Offering
Period. 
 “Option” means the stock option to acquire shares of Common Stock granted to a Participant pursuant
to Section 8. 

 “Option Price” means the per share exercise price of an Option as
determined in accordance with Section 8(b). 
 “Parent” means any corporation (other than the Corporation)
in an unbroken chain of corporations ending with the Corporation in which each corporation (other than the Corporation) owns stock possessing 50% or more of the total combined voting power of all classes of stock in one or more of the other
corporations in the chain. 
 “Participant” means an Eligible Employee who has elected to participate in this
Plan and who has filed a valid and effective Subscription Agreement to make Contributions pursuant to Section 6. 

“Participating Subsidiary” shall have the meaning given to such term in Section 19(c). 

“Plan” means this Pixelworks, Inc. Employee Stock Purchase Plan, as it may be amended or restated from time to time.

 “Purchase Date” means, with respect to a Purchase Period, the last day of that Purchase Period. 

“Purchase Period” has the meaning set forth in Section 5. 

“Subscription Agreement” means the written agreement filed by an Eligible Employee with the Corporation pursuant to
Section 6 to participate in this Plan. 
 “Subsidiary” means any corporation (other than the Corporation)
in an unbroken chain of corporations (beginning with the Corporation) in which each corporation (other than the last corporation) owns stock possessing 50% or more of the total combined voting power of all classes of stock in one or more of the
other corporations in the chain. 
  

	3.	ELIGIBILITY 

 Any person
employed as an Eligible Employee as of the beginning of any given Offering Period (and who is not a Participant in any Offering Period then in effect) shall be eligible to participate in such Offering Period, subject to the Eligible Employee
satisfying the requirements of Section 6. 
  

	4.	STOCK SUBJECT TO THIS PLAN; SHARE LIMITATIONS 

  

	 	(a)	Aggregate Share Limit. Subject to the provisions of Section 17, the capital stock that may be delivered under this Plan will be shares of the
Corporation’s authorized but unissued Common Stock. The maximum number of shares of Common Stock that may be delivered pursuant to Options granted under this Plan is 1,300,000 shares, subject to adjustments pursuant to Section 17.

	 	(b)	Individual Share Limit. The maximum number of shares of Common Stock that any one individual may acquire upon exercise of his or her Option with respect to any
one Purchase Period is 3,000, subject to adjustments pursuant to Section 17 (the “Individual Limit”). The Committee may amend the Individual Limit, effective no earlier than the first Purchase Period commencing after the
adoption of such amendment, without shareholder approval. 

  

	 	(c)	Shares Not Actually Delivered. Shares that are subject to or underlie Options, which for any reason are cancelled or terminated, are forfeited, fail to vest, or
for any other reason are not paid or delivered under this Plan shall again, except to the extent prohibited by law, be available for subsequent Options under this Plan. 

 

	5.	OFFERING AND PURCHASE PERIODS 

  

	 	(a)	Offering Periods. During the term of this Plan, the Corporation will grant Options to purchase shares of Common Stock in each Offering Period to all Participants
in that Offering Period. Unless otherwise specified by the Committee in advance of a particular Offering Period, each Offering Period will be of eighteen (18) months duration, with the first such Offering Period to commence on August 1,
2010, and a new Offering Period shall commence on each February 1 or August 1 thereafter such that more than one Offering Period may be in effect at any one time; provided, however, that no Eligible Employee may be a Participant in, or
hold an outstanding Option with respect to, more than one Offering Period at any one time. In the event that the Fair Market Value of the Common Stock on any Purchase Date during an Offering Period is lower than the Fair Market Value of the Common
Stock on the Grant Date of that Offering Period, that Offering Period will terminate on such Purchase Date, and each Participant in such terminated Offering Period will be automatically enrolled in the new Offering Period that commences on the
February 1 or August 1, as applicable, that immediately follows such Purchase Date. Each Option shall become effective on the Grant Date of the Offering Period with respect to which the Option is granted. The term of each Option shall be
the duration of the related Offering Period and shall end on the Purchase Date for the third and final Purchase Period of that Offering Period. Offering Periods shall continue until this Plan is terminated in accordance with Section 18 or 19,
or, if earlier, until no shares of Common Stock remain available for Options pursuant to Section 4. 

  

	 	(b)	Purchase Periods. Unless otherwise specified by the Committee in advance of a particular Offering Period, each Offering Period will consist of three
(3) Purchase Periods, and each Purchase Period will be of six (6) months duration. Purchase Periods shall commence each February 1 and August 1 and shall end the immediately following July 31 or January 31,
respectively. 

  

	6.	PARTICIPATION 

  

	 	(a)	Enrollment. An Eligible Employee may become a participant in this Plan by completing a Subscription Agreement on a form approved by and in a manner prescribed by
the Committee (or its delegate). To become effective, a Subscription Agreement must be signed by the Eligible Employee and be filed with the Corporation at the time specified by the Committee, but in all cases prior to the start of the Offering
Period with respect to which it is to become effective, and must set forth a whole percentage (or, if the Committee so provides, a stated amount) of the Eligible Employee’s Compensation to be credited to the Participant’s Account as
Contributions each pay period. 

	 	(b)	Contribution Limits. Notwithstanding the foregoing, a Participant may not elect to contribute less than one percent (1%) nor more than ten percent
(10%) (or such other limit as the Committee may establish prior to the start of the applicable Offering Period) of his or her Compensation during any one pay period as Plan Contributions. The Committee also may prescribe other limits, rules or
procedures for Contributions. 

  

	 	(c)	Content and Duration of Subscription Agreements. Subscription Agreements shall contain the Eligible Employee’s authorization and consent to the
Corporation’s withholding from his or her Compensation the amount of his or her Contributions. An Eligible Employee’s Subscription Agreement, and his or her participation election and withholding consent thereon, shall remain valid for all
Offering Periods until (1) the Eligible Employee’s participation terminates pursuant to the terms hereof, (2) the Eligible Employee files a new Subscription Agreement that becomes effective, or (3) the Committee requires that a
new Subscription Agreement be executed and filed with the Corporation. 

  

	7.	METHOD OF PAYMENT OF CONTRIBUTIONS 

  

	 	(a)	Participation Accounts. The Corporation shall maintain on its books, or cause to be maintained by a recordkeeper, an Account in the name of each Participant. The
percentage of Compensation elected to be applied as Contributions by a Participant shall be deducted from such Participant’s Compensation on each payday during the period for payroll deductions set forth below and such payroll deductions shall
be credited to that Participant’s Account as soon as administratively practicable after such date. A Participant may not make any additional payments to his or her Account. A Participant’s Account shall be reduced by any amounts used to
pay the Option Price of shares acquired, or by any other amounts distributed pursuant to the terms hereof. 

  

	 	(b)	Payroll Deductions. Subject to such other rules as the Committee may adopt, payroll deductions with respect to an Offering Period shall commence as of the first
day of the payroll period which coincides with or immediately follows the applicable Grant Date and shall end on the last date of the payroll period which coincides with or immediately precedes the applicable Purchase Date, unless sooner terminated
by the Participant as provided in Section 7(d) or until his or her participation terminates pursuant to Section 11. 

  

	 	(c)	Changes in Contribution Elections for Next Purchase Period. A Participant may discontinue, increase, or decrease the level of his or her Contributions (within
the Plan limits) by completing and filing with the Corporation, on such terms as the Committee (or its delegate) may prescribe, a new Subscription Agreement which indicates such election. Subject to any other timing requirements that the Committee
may impose, an election pursuant to this Section 7(c) shall be effective with the first Purchase Period that commences after the Corporation’s receipt of such election. Except as contemplated by Section 7(d) and 7(e), changes in
Contribution levels may not take effect during a Purchase Period. Other modifications or suspensions of Subscription Agreements are not permitted. 

	 	(d)	Withdrawal During an Offering Period. A Participant may terminate his or her Contributions during an Offering Period (and receive a distribution of the balance
of his or her Account in accordance with Section 11) by completing and filing with the Corporation, in such form and on such terms as the Committee (or its delegate) may prescribe, a written withdrawal form which shall be signed by the
Participant. Such termination shall be effective as soon as administratively practicable after its receipt by the Corporation. A withdrawal election pursuant to this Section 7(d) with respect to an Offering Period shall only be effective for a
particular Purchase Period, however, if it is received by the Corporation prior to the Purchase Date of that Purchase Period (or such earlier deadline that the Committee may reasonably require to process the withdrawal prior to the applicable
Purchase Date). Partial withdrawals of Accounts are not permitted. 

  

	 	(e)	Discontinuance of Contributions During a Purchase Period. A Participant may discontinue his or her Contributions at any time during a Purchase Period by
completing and filing with the Corporation, on such terms as the Committee (or its delegate) may prescribe, a new Subscription Agreement which indicates such election. If a Participant elects to discontinue his or her Contributions pursuant to this
Section 7(e), the Contributions previously credited to the Participant’s Account for that Purchase Period shall be used to exercise the Participant’s Option as of the applicable Purchase Date in accordance with Section 9 (unless
the Participant makes a timely withdrawal election in accordance with Section 7(d), in which case such Participant’s Account shall be paid to him or her in cash in accordance with Section 11(a)). 

 

	 	(f)	Leaves of Absence. During leaves of absence approved by the Corporation or a Participating Subsidiary and meeting the requirements of Regulation
Section 1.421-1(h)(2) under the Code, a Participant may continue participation in this Plan by cash payments to the Corporation on his normal paydays equal to the reduction in his Plan Contributions caused by his leave.

  

	8.	GRANT OF OPTION 

  

	 	(a)	Grant Date; Number of Shares. On each Grant Date, each Eligible Employee who is a Participant during that Offering Period shall be granted an Option to purchase
a number of shares of Common Stock. The Option shall be exercised on each Purchase Date that occurs during that Offering Period. The number of shares of Common Stock to be purchased upon exercise of the Option on each Purchase Date shall be
determined by dividing the Participant’s Account balance as of that Purchase Date by the Option Price, subject to the limits of Section 8(c). 

  

	 	(b)	 Option Price. The Option Price per share of the shares subject to an Option for a Purchase Period shall be the lesser of: (i) 85% of
the Fair Market Value of a Share on the Grant Date of the Offering Period to which the Purchase Period relates; or (ii) 85% of the Fair Market Value of a Share on the Purchase Date of that Purchase Period; provided, however, that the Committee
may provide prior to the start of any Purchase Period that the Option Price for that Purchase Period shall be determined by applying a discount amount (not to exceed 15%) to either (1) the Fair Market Value of a share of Common Stock on the
Grant Date of the Offering Period to which the Purchase Period relates, or (2) the Fair Market Value of a share of Common Stock on the Purchase Date of that Purchase Period,

	 	 
or (3) the lesser of the Fair Market Value of a share of Common Stock on the Grant Date of the Offering Period to which the Purchase Period relates or the Fair Market Value of a share of
Common Stock on the Purchase Date of that Purchase Period. Notwithstanding anything to the contrary in the preceding provisions of this Section 8(b), in no event shall the Option Price per share be less than the par value of a share of Common
Stock. 

  

	 	(c)	Limits on Share Purchases. Notwithstanding anything else contained herein, the maximum number of shares subject to an Option for an Offering Period shall be
subject to the Individual Limit in effect on the Grant Date of that Offering Period (subject to adjustment pursuant to Section 17) and any person who is otherwise an Eligible Employee shall not be granted any Option (or any Option granted shall
be subject to compliance with the following limitations) or other right to purchase shares under this Plan to the extent: 

  

	 	(1)	it would, if exercised, cause the person to own stock (within the meaning of Section 423(b)(3) of the Code) possessing 5% or more of the total combined voting
power or value of all classes of stock of the Corporation, or of any Parent, or of any Subsidiary; or 

  

	 	(2)	such Option causes such individual to have rights to purchase stock under this Plan and any other plan of the Corporation, any Parent, or any Subsidiary which is
qualified under Section 423 of the Code which accrue at a rate which exceeds $25,000 of the fair market value of the stock of the Corporation, of any Parent, or of any Subsidiary (determined at the time the right to purchase such stock is
granted, before giving effect to any discounted purchase price under any such plan) for each calendar year in which such right is outstanding at any time. 

For purposes of the foregoing, a right to purchase stock accrues when it first become exercisable during the calendar year. In determining
whether the stock ownership of an Eligible Employee equals or exceeds the 5% limit set forth above, the rules of Section 424(d) of the Code (relating to attribution of stock ownership) shall apply, and stock which the Eligible Employee may
purchase under outstanding options shall be treated as stock owned by the Eligible Employee. 
  

	9.	EXERCISE OF OPTION 

  

	 	(a)	Purchase of Shares. Unless a Participant withdraws pursuant to Section 7(d) or the Participant’s Plan participation is terminated as provided in
Section 11, his or her Option for the purchase of shares shall be exercised automatically on each Purchase Date for that Offering Period, without any further action on the Participant’s part, and the maximum number of whole shares of
Common Stock subject to such Option (subject to the limits of Section 8(c)) shall be purchased at the Option Price with the balance of such Participant’s Account. 

	 	(b)	Account Balance Remaining After Purchase. If any amount which is not sufficient to purchase a whole share remains in a Participant’s Account after the
exercise of his or her Option on the Purchase Date: (1) such amount shall be credited to such Participant’s Account for the next Purchase Period, if he or she is then a Participant; or (2) if such Participant is not a Participant in
the next Purchase Period, or if the Committee so elects, such amount shall be refunded to such Participant as soon as administratively practicable after such date. If the share limit of Section 4(a) is reached, any amount that remains in a
Participant’s Account after the exercise of his or her Option on the Purchase Date to purchase the number of shares that he or she is allocated shall be refunded to the Participant as soon as administratively practicable after such date. If any
amount which exceeds the limits of Section 8(c)(1) remains in a Participant’s Account after the exercise of his or her Option on the Purchase Date, such amount shall be refunded to the Participant as soon as administratively practicable
after such date. The Participant’s Account shall be reduced on a dollar-for-dollar basis by any amount used to purchase shares hereunder or any amount refunded to the Participant. 

 

	10.	DELIVERY OF SHARES 

 As
soon as administratively practicable after the Purchase Date, the Corporation shall, in its discretion, either deliver to each Participant a certificate representing the shares of Common Stock purchased upon exercise of his or her Option, provide
for the crediting of such shares in book entry form in the name of the Participant, or provide for an alternative arrangement for the delivery of such shares to a broker or recordkeeping service for the benefit of the Participant. In the event the
Corporation is required to obtain from any commission or agency authority to issue any such certificate or otherwise deliver such shares, the Corporation will seek to obtain such authority. If the Corporation is unable to obtain from any such
commission or agency authority which counsel for the Corporation deems necessary for the lawful issuance of any such certificate or other delivery of such shares, or if for any other reason the Corporation cannot issue or deliver shares of Common
Stock and satisfy Section 21, the Corporation shall be relieved from liability to any Participant except that the Corporation shall return to each Participant to whom such shares cannot be issued or delivered the amount of the balance credited
to his or her Account that would have otherwise been used for the purchase of such shares. 
  

	11.	TERMINATION OF EMPLOYMENT; CHANGE IN ELIGIBLE STATUS 

  

	 	(a)	General. Except as provided in Section 11(b) below, if a Participant ceases to be an Eligible Employee for any reason (including, without limitation, due to
the Participant’s death, disability, quit, resignation or retirement, or due to a layoff or other termination of employment with or without cause), or if the Participant elects to withdraw from the Plan pursuant to Section 7(d), at any
time prior to the last day of an Offering Period in which he or she participates, such Participant’s Account shall be paid to him or her (or, in the event of the Participant’s death, to the person or persons entitled thereto under
Section 13) in cash, and such Participant’s Option and participation in the Plan shall automatically terminate as of the time that the Participant ceased to be an Eligible Employee. 

	 	(b)	Change in Eligible Status; Leave. If a Participant (1) ceases to be an Eligible Employee during a Purchase Period but remains an employee of the Corporation
or a Subsidiary through the Purchase Date for that Purchase Period (for example, and without limitation, due to a change in the Participant’s employer from the Corporation or a Participating Subsidiary to a non-Participating Subsidiary, if the
Participant’s employer ceases to maintain the Plan as a Participating Subsidiary but otherwise continues as a Subsidiary, or if the Participant’s customary level of employment no longer satisfies the requirements set forth in the
definition of Eligible Employee), or (2) during a Purchase Period commences a sick leave, military leave, or other leave of absence approved by the Corporation or a Participating Subsidiary, and the leave meets the requirements of Treasury
Regulation Section 1.421-1(h)(2) and the Participant is an employee of the Corporation or a Subsidiary or on such leave as of the applicable Purchase Date, such Participant’s Contributions shall cease (subject to Section 7(d) and
Section 7(f)), and the Contributions previously credited to the Participant’s Account for that Purchase Period shall be used to exercise the Participant’s Option as of the applicable Purchase Date in accordance with Section 9
(unless the Participant makes a timely withdrawal election in accordance with Section 7(d), in which case such Participant’s Account shall be paid to him or her in cash in accordance with Section 11(a)). 

 

	 	(c)	Re-Enrollment. A Participant’s termination from Plan participation precludes the Participant from again participating in this Plan during that Offering
Period. However, such termination shall not have any effect upon his or her ability to participate in any succeeding Offering Period, provided that the applicable eligibility and participation requirements are again then met. A Participant’s
termination from Plan participation shall be deemed to be a revocation of that Participant’s Subscription Agreement and such Participant must file a new Subscription Agreement to resume Plan participation in any succeeding Offering Period.

  

	 	(d)	Change in Subsidiary Status. For purposes of this Plan, if a Subsidiary ceases to be a Subsidiary, each person employed by that Subsidiary will be deemed to have
terminated employment for purposes of this Plan, unless the person continues as an employee of the Corporation or another Subsidiary. 

  

	12.	ADMINISTRATION 

  

	 	(a)	The Committee. The Board shall appoint the Committee, which shall be composed of not less than two members of the Board. The Board may, at any time, increase or
decrease the number of members of the Committee, may remove from membership on the Committee all or any portion of its members, and may appoint such person or persons as it desires to fill any vacancy existing on the Committee, whether caused by
removal, resignation, or otherwise. The Board may also, at any time, assume the administration of all or a part of this Plan, in which case references (or relevant references in the event the Board assumes the administration of only certain aspects
of this Plan) to the “Committee” shall be deemed to be references to the Board. Action of the Committee with respect to this Plan shall be taken pursuant to a majority vote or by the unanimous written consent of its members. No member of
the Committee shall be entitled to act on or decide any matter relating solely to himself or herself or solely to any of his or her rights or benefits under this Plan. 

	 	(b)	Powers and Duties of the Committee. Subject to the express provisions of this Plan, the Committee shall supervise and administer this Plan and shall have the
full authority and discretion: (1) to construe and interpret this Plan and any agreements defining the rights and obligations of the Corporation, any Subsidiary, and Participants under this Plan; (2) to further define the terms used in
this Plan; (3) to prescribe, amend and rescind rules and regulations relating to the administration of this Plan (including, without limitation, deadlines for making elections or for providing any notices contemplated by this Plan, which
deadlines may be more restrictive than any deadlines otherwise contemplated by this Plan); and (4) to make all other determinations and take such other action as contemplated by this Plan or as may be necessary or advisable for the
administration of this Plan or the effectuation of its purposes. Notwithstanding anything else contained in this Plan to the contrary, the Committee may also adopt rules, procedures or sub-plans applicable to particular Subsidiaries or locations,
which sub-plans may be designed to be outside the scope of Section 423 of the Code and need not comply with the otherwise applicable provisions of this Plan. 

 

	 	(c)	Decisions of the Committee are Binding. Any action taken by, or inaction of, the Corporation, any Subsidiary, the Board or the Committee relating or pursuant to
this Plan and within its authority hereunder or under applicable law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. 

 

	 	(d)	Indemnification. Neither the Board nor any Committee, nor any member thereof or person acting at the direction thereof, shall be liable for any act, omission,
interpretation, construction or determination made in good faith in connection with this Plan, and all such persons shall be entitled to indemnification and reimbursement by the Corporation in respect of any claim, loss, damage or expense
(including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under any directors and officers liability insurance coverage that may be in effect from time to time.

  

	 	(e)	Reliance on Experts. In making any determination or in taking or not taking any action under this Plan, the Committee or the Board, as the case may be, may
obtain and may rely upon the advice of experts, including professional advisors to the Corporation. No director, officer or agent of the Corporation or any Participating Subsidiary shall be liable for any such action or determination taken or made
or omitted in good faith. 

  

	 	(f)	Delegation. The Committee may delegate ministerial, non-discretionary functions to individuals who are officers or employees of the Corporation or a Subsidiary.

  

	13.	DESIGNATION OF BENEFICIARY 

If the Committee permits beneficiary designations with respect to this Plan, then each Participant may file, on a form and in a manner
prescribed by the Committee (or its delegate), a written designation of a beneficiary who is to receive any shares or cash from or with respect to such Participant’s Account under this Plan in the event of such Participant’s death. If a
Participant is married and the designated beneficiary is not solely 

 
his or her spouse, spousal consent shall be required for such designation to be effective unless it is established (to the satisfaction of the Committee or its delegate) that there is no spouse
or that the spouse cannot be located. The Committee may rely on the last designation of a beneficiary filed by a Participant in accordance with this Plan. Beneficiary designations may be changed by the Participant (and his or her spouse, if
required) at any time on forms provided and in the manner prescribed by the Committee (or its delegate). 
 If a Participant dies
with no validly designated beneficiary under this Plan who is living at the time of such Participant’s death (or in the event the Committee does not permit beneficiary designations under this Plan), the Corporation shall deliver all shares
and/or cash payable pursuant to the terms hereof to the executor or administrator of the estate of the Participant, or if no such executor or administrator has been appointed, the Corporation, in its discretion, may deliver such shares and/or cash
to the spouse or to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Corporation, then to such other person as the Corporation may designate. 

If a Participant’s death occurs before the end of an Offering Period or subsequent to the end of an Offering Period but prior to the
delivery to him or her or for his or her benefit of any shares deliverable under the terms of this Plan, and the Corporation has notice of the Participant’s death, then any shares purchased for that Offering Period and any remaining balance of
such Participant’s Account shall be paid to such beneficiary (or such other person entitled to such payment pursuant to this Section 13). If the Committee permits beneficiary designations with respect to this Plan, any such designation
shall have no effect with respect to shares purchased and actually delivered (or credited, as the case may be) to or for the benefit of the Participant. 
  

	14.	TRANSFERABILITY 

 Neither
Contributions credited to a Participant’s Account nor any Options or rights with respect to the exercise of Options or right to receive shares under this Plan may be anticipated, alienated, encumbered, assigned, transferred, pledged or
otherwise disposed of in any way (other than by will, the laws of descent and distribution, or as provided in Section 13) by the Participant. Any such attempt at anticipation, alienation, encumbrance, assignment, transfer, pledge or other
disposition shall be without effect and all amounts shall be paid and all shares shall be delivered in accordance with the provisions of this Plan. Amounts payable or shares deliverable pursuant to this Plan shall be paid or delivered only to (or
credited in the name of, as the case may be) the Participant or, in the event of the Participant’s death, the Participant’s beneficiary pursuant to Section 13. 

 

	15.	USE OF FUNDS; INTEREST 

All Contributions received or held by the Corporation under this Plan will be included in the general assets of the Corporation and may be
used for any corporate purpose. Notwithstanding anything else contained herein to the contrary, no interest will be paid to any Participant or credited to his or her Account under this Plan (in respect of Account balances, refunds of Account
balances, or otherwise). Amounts payable under this Plan shall be payable in shares of Common Stock or from the general assets of the Corporation and, except for any shares that may be reserved on the books of the Corporation for issuance with
respect to this Plan, no special or separate reserve, fund or deposit shall be made to assure payment of amounts that may be due with respect to this Plan. 

	16.	REPORTS 

 Statements shall
be provided (either electronically or in written form, as the Committee may provide from time to time) to Participants as soon as administratively practicable following each Purchase Date. Each Participant’s statement shall set forth, as of
such Purchase Date, that Participant’s Account balance immediately prior to the exercise of his or her Option, the Option Price, the number of whole shares purchased and his or her remaining Account balance, if any. 

 

	17.	ADJUSTMENTS OF AND CHANGES IN THE STOCK 

Upon or in contemplation of any reclassification, recapitalization, stock split (including a stock split in the form of a stock dividend),
or reverse stock split; any merger, combination, consolidation, or other reorganization; split-up, spin-off, or any similar extraordinary dividend distribution in respect of the Common Stock (whether in the form of securities or property); any
exchange of Common Stock or other securities of the Corporation, or any similar, unusual or extraordinary corporate transaction in respect of the Common Stock; or a sale of substantially all the assets of the Corporation as an entirety occurs; then
the Committee shall equitably and proportionately adjust (1) the number and type of shares or the number and type of other securities that thereafter may be made the subject of Options (including the specific maxima and numbers of shares set
forth elsewhere in this Plan), (2) the number, amount and type of shares (or other securities or property) subject to any or all outstanding Options, (3) the Option Price of any or all outstanding Options, and/or (4) the securities,
cash or other property deliverable upon exercise of any outstanding Options, in each case to the extent necessary to preserve (but not increase) the level of incentives intended by this Plan and the then-outstanding Options. 

Upon the occurrence of any event described in the preceding paragraph, or any other event in which the Corporation does not survive (or
does not survive as a public company in respect of its Common Stock); then the Committee may make provision for a cash payment or for the substitution or exchange of any or all outstanding Options for cash, securities or property to be delivered to
the holders of any or all outstanding Options based upon the distribution or consideration payable to holders of the Common Stock upon or in respect of such event. 

The Committee may adopt such valuation methodologies for outstanding Options as it deems reasonable in the event of a cash or property
settlement and, without limitation on other methodologies, may base such settlement solely upon the excess (if any) of the amount payable upon or in respect of such event over the Option Price of the Option. 

In any of such events, the Committee may take such action sufficiently prior to such event to the extent that the Committee deems the
action necessary to permit the Participant to realize the benefits intended to be conveyed with respect to the underlying shares in the same manner as is or will be available to shareholders generally. 

	18.	POSSIBLE EARLY TERMINATION OF PLAN AND OPTIONS 

Upon a dissolution or liquidation of the Corporation, or any other event described in Section 17 that the Corporation does not
survive or does not survive as a publicly-traded company in respect of its Common Stock, as the case may be, this Plan and, if prior to the last day of an Offering Period, any outstanding Option granted with respect to that Offering Period shall
terminate, subject to any provision that has been expressly made by the Board for the survival, substitution, assumption, exchange or other settlement of this Plan and Options. In the event a Participant’s Option is terminated pursuant to this
Section 18 without a provision having been made by the Board for a substitution, exchange or other settlement of the Option, such Participant’s Account shall be paid to him or her in cash without interest. 

 

	19.	TERM OF PLAN; AMENDMENT OR TERMINATION 

  

	 	(a)	Effective Date; Termination. Subject to Section 19(b), this Plan shall become effective as of the Effective Date. No new Offering Periods shall commence on
or after the tenth anniversary of the Effective Date, and this Plan shall terminate as of the Purchase Date on or immediately following such date unless sooner terminated pursuant to Section 18 or this Section 19. In the event that during
a particular Purchase Period all of the shares of Common Stock made available under this Plan are subscribed prior to the expiration of this Plan, this Plan and all outstanding Options hereunder shall terminate at the end of that Purchase Period and
the shares available shall be allocated for purchase by Participants in that Purchase Period on a pro-rata basis determined with respect to Participants’ Account balances. 

 

	 	(b)	Board Amendment Authority. The Board may, at any time, terminate or, from time to time, amend, modify or suspend this Plan, in whole or in part and without
notice. Shareholder approval for any amendment or modification shall not be required, except to the extent required by law or applicable stock exchange rules, or required under Section 423 of the Code in order to preserve the intended tax
consequences of this Plan. No Options may be granted during any suspension of this Plan or after the termination of this Plan, but the Committee will retain jurisdiction as to Options then outstanding in accordance with the terms of this Plan. No
amendment, modification, or termination pursuant to this Section 19(b) shall, without written consent of the Participant, affect in any manner materially adverse to the Participant any rights or benefits of such Participant or obligations of
the Corporation under any Option granted under this Plan prior to the effective date of such change. Changes contemplated by Section 17 or Section 18 shall not be deemed to constitute changes or amendments requiring Participant consent.

  

	 	(c)	 Certain Additional Committee Authority. Notwithstanding the amendment provisions of Section 19(b) and without limiting the Board’s
authority thereunder and without limiting the Committee’s authority pursuant to any other provision of this Plan, the Committee shall have the right (1) to designate from time to time the Subsidiaries whose employees may be eligible to
participate in this Plan (including, without limitation, any Subsidiary that may first become such after the date shareholders first approve this Plan) (each a “Participating Subsidiary”), and (2) to change the service and
other qualification requirements 

	 	 
set forth under the definition of Eligible Employee in Section 2 (subject to the requirements of Section 423(b) of the Code and applicable rules and regulations thereunder). Any such
change shall not take effect earlier than the first Purchase Period that starts on or after the effective date of such change. Any such change shall not require shareholder approval. 

 

	20.	NOTICES 

 All notices or
other communications by a Participant to the Corporation contemplated by this Plan shall be deemed to have been duly given when received in the form and manner specified by the Committee (or its delegate) at the location, or by the person,
designated by the Committee (or its delegate) for that purpose. 
  

	21.	CONDITIONS UPON ISSUANCE OF SHARES 

This Plan, the granting of Options under this Plan and the offer, issuance and delivery of shares of Common Stock are subject to
compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal securities laws) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of
counsel for the Corporation, be necessary or advisable in connection therewith. The person acquiring any securities under this Plan will, if requested by the Corporation and as a condition precedent to the exercise of his or her Option, provide such
assurances and representations to the Corporation as the Committee may deem necessary or desirable to assure compliance with all applicable legal requirements. 
  

	22.	PLAN CONSTRUCTION 

  

	 	(a)	Section 16. It is the intent of the Corporation that transactions involving Options under this Plan (other than “Discretionary Transactions” as
that term is defined in Rule 16b-3(b)(1) promulgated by the Commission under Section 16 of the Exchange Act, to the extent there are any Discretionary Transactions under this Plan), in the case of Participants who are or may be subject to the
prohibitions of Section 16 of the Exchange Act, satisfy the requirements for exemption under Rule 16b-3(c) promulgated by the Commission under Section 16 of the Exchange Act to the maximum extent possible. Notwithstanding the foregoing,
the Corporation shall have no liability to any Participant for Section 16 consequences of Options or other events with respect to this Plan. 

  

	 	(b)	Section 423. Except as the Committee may expressly provide in the case of one or more sub-plans adopted pursuant to Section 12(b), this Plan and
Options are intended to qualify under Section 423 of the Code. Accordingly, all Participants are to have the same rights and privileges (within the meaning of Section 423(b)(5) of the Code and except as not required thereunder to qualify
this Plan under Section 423) under this Plan, subject to differences in Compensation among Participants and subject to the Contribution and share limits of this Plan. 

 

	 	(c)	Interpretation. If any provision of this Plan or of any Option would otherwise frustrate or conflict with the intents expressed above, that provision to the
extent possible shall be interpreted so as to avoid such conflict. If the conflict remains irreconcilable, the Committee may disregard the provision if it concludes that to do so furthers the interest of the Corporation and is consistent with the
purposes of this Plan as to such persons in the circumstances. 

	23.	EMPLOYEES’ RIGHTS 

  

	 	(a)	No Employment Rights. Nothing in this Plan (or in any Subscription Agreement or other document related to this Plan) will confer upon any Eligible Employee or
Participant any right to continue in the employ or other service of the Corporation or any Subsidiary, constitute any contract or agreement of employment or other service or effect an employee’s status as an employee at will, nor shall
interfere in any way with the right of the Corporation or any Subsidiary to change such person’s compensation or other benefits or to terminate his or her employment or other service, with or without cause. Nothing contained in this
Section 23(a), however, is intended to adversely affect any express independent right of any such person under a separate employment or service contract other than a Subscription Agreement. 

 

	 	(b)	No Rights to Assets of the Company. No Participant or other person will have any right, title or interest in any fund or in any specific asset (including shares
of Common Stock) of the Corporation or any Subsidiary by reason of any Option hereunder. Neither the provisions of this Plan (or of any Subscription Agreement or other document related to this Plan), nor the creation or adoption of this Plan, nor
any action taken pursuant to the provisions of this Plan will create, or be construed to create, a trust of any kind or a fiduciary relationship between the Corporation or any Subsidiary and any Participant, Beneficiary or other person. To the
extent that a Participant, Beneficiary or other person acquires a right to receive payment pursuant to this Plan, such right will be no greater than the right of any unsecured general creditor of the Corporation. 

 

	 	(c)	No Shareholder Rights. A Participant will not be entitled to any privilege of stock ownership as to any shares of Common Stock not actually delivered to and held
of record by the Participant. No adjustment will be made for dividends or other rights as a shareholder for which a record date is prior to such date of delivery. 

 

	24.	MISCELLANEOUS 

  

	 	(a)	Governing Law. This Plan, the Options, Subscription Agreements and other documents related to this Plan shall be governed by, and construed in accordance with,
the laws of the State of Oregon. 

  

	 	(b)	Severability. If any provision shall be held by a court of competent jurisdiction to be invalid and unenforceable, the remaining provisions of this Plan shall
continue in effect. 

  

	 	(c)	Captions and Headings. Captions and headings are given to the sections of this Plan solely as a convenience to facilitate reference. Such captions and headings
shall not be deemed in any way material or relevant to the construction of interpretation of this Plan or any provision hereof. 

	 	(d)	No Effect on Other Plans or Corporate Authority. The adoption of this Plan shall not affect any other Corporation or Subsidiary compensation or incentive plans
in effect. Nothing in this Plan will limit or be deemed to limit the authority of the Board or Committee (1) to establish any other forms of incentives or compensation for employees of the Corporation or any Subsidiary (with or without
reference to the Common Stock), or (2) to grant or assume options (outside the scope of and in addition to those contemplated by this Plan) in connection with any proper corporate purpose; to the extent consistent with any other plan or
authority. Benefits received by a Participant under an Option granted pursuant to this Plan shall not be deemed a part of the Participant’s compensation for purposes of the determination of benefits under any other employee welfare or benefit
plans or arrangements, if any, provided by the Corporation or any Subsidiary, except where the Committee or the Board (or the Board of Directors of the Subsidiary that sponsors such plan or arrangement, as applicable) expressly otherwise provides or
authorizes in writing. 

  

	25.	TAX WITHHOLDING 

Notwithstanding anything else contained in this Plan herein to the contrary, the Corporation may deduct from a Participant’s Account
balance as of a Purchase Date, before the exercise of the Participant’s Option is given effect on such date, the amount of taxes (if any) which the Corporation reasonably determines it or any Subsidiary may be required to withhold with respect
to such exercise. In such event, the maximum number of whole shares subject to such Option (subject to the other limits set forth in this Plan) shall be purchased at the Option Price with the balance of the Participant’s Account (after
reduction for the tax withholding amount). 
 Should the Corporation for any reason be unable, or elect not to, satisfy its or
any Subsidiary’s tax withholding obligations in the manner described in the preceding paragraph with respect to a Participant’s exercise of an Option, or should the Corporation or any Subsidiary reasonably determine that it or an
affiliated entity has a tax withholding obligation with respect to a disposition of shares acquired pursuant to the exercise of an Option prior to satisfaction of the holding period requirements of Section 423 of the Code, the Corporation or
Subsidiary, as the case may be, shall have the right at its option to (1) require the Participant to pay or provide for payment of the amount of any taxes which the Corporation or Subsidiary reasonably determines that it or any affiliate is
required to withhold with respect to such event or (2) deduct from any amount otherwise payable to or for the account of the Participant the amount of any taxes which the Corporation or Subsidiary reasonably determines that it or any affiliate
is required to withhold with respect to such event. 
  

	26.	NOTICE OF SALE 

 Any
person who has acquired shares under this Plan shall give prompt written notice to the Corporation of any sale or other transfer of the shares if such sale or transfer occurs (1) within the two-year period after the Grant Date of the Offering
Period with respect to which such shares were acquired, or (2) within the twelve-month period after the Purchase Date of the Purchase Period with respect to which such shares were acquired. 

 IN WITNESS WHEREOF, the Corporation has caused its duly authorized officer to execute
this Plan on this 18th day of May, 2010. 
  

			
	PIXELWORKS, INC.
		
	By:	 	 /s/ Steven Moore

	Its:	 	Chief Financial OfficerRestricted Stock Units Agreement

 Exhibit 10.1 

RURAL/METRO CORPORATION 

RESTRICTED STOCK UNITS AGREEMENT 

(FOR ELIGIBLE EMPLOYEES) 

(UNDER THE 2008 INCENTIVE STOCK PLAN) 

THIS RESTRICTED STOCK UNITS AGREEMENT (“Agreement”) is dated this
12th day of July, 2010 (the “Grant
Date”), between Rural/Metro Corporation, a Delaware corporation (the “Company”), and Michael P. DiMino (the “Grantee”). 

RECITALS: 

The Company has adopted the Rural/Metro Corporation 2008 Incentive Stock Plan, as such plan may subsequently be modified, amended, or
supplemented (the “Plan”), all of the terms and provisions of which are incorporated herein by reference and made a part of this Agreement. All capitalized terms used but not defined in this Agreement have the meanings given to them
in the Plan. 
 The Committee has determined that it is in the best interests of the Company and its stockholders to grant
certain Restricted Stock Units to Grantee pursuant to the Plan and this Agreement, as an inducement for Grantee to continue to serve as an Employee of the Company and to provide Grantee with a proprietary or financial interest in the future of the
Company. 
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties hereto agree as
follows: 
 1. Grant of Restricted Stock Units. Subject in all respects to the terms, conditions, and provisions of this
Agreement and the Plan, the Company hereby grants to Grantee 27,383 Restricted Stock Units (the “RSUs”). Each RSU shall represent Grantee’s contingent right to receive one share of the Company’s Common Stock. 

2. Vesting and Issue Dates. Subject to Sections 4 and 5, the RSUs shall be earned based upon the attainment of certain
performance goals set forth on Schedule A attached to this Agreement and, if earned, shall vest according to Schedule B attached to this Agreement. The “Issue Date” for each RSU shall be (a) the date on which such
RSU vests in accordance with this Section 2 (the “Vesting Date”) or, (b) if Grantee is eligible to (and does) make a timely deferral election under one of the Company’s non-qualified Deferred Compensation
Plans, the payment date elected under that non-qualified Deferred Compensation Plan. Upon the occurrence of the Issue Date, the Company shall issue to the Grantee one share of Common Stock with respect to each RSU in accordance with Section 3.

 3. Issuance of Shares. 

(a) Issue Date Same as Vesting Date. If the Issue Date is the same as the Vesting Date, the Secretary of the Company shall issue or
cause to be issued to the Grantee (or permitted transferee), in the calendar year during which such RSUs vest, a certificate or certificates (or such other evidence of ownership as may be permitted by the Bylaws) for the number of shares of Common
Stock issuable on that Issue Date, less any applicable tax and other withholding amounts (unless applicable taxes and other withholdings are satisfied by other means under Section 8). 

(b) If RSUs Are Deferred. If the Issue Date is not the same as the Vesting Date, the Secretary of the Company
shall issue or cause to be issued to the Grantee (or permitted transferee), (i) within ninety (90) days of the deferred payment date (provided that if such ninety- (90-) day period begins in one calendar year and ends in another,
the Grantee shall not have the right to designate the calendar year of payment) or (ii) within the first thirty (30) days of the seventh
(7th) month following the month of the Grantee’s
Separation from Service, if (A) the deferred payment date is the Grantee’s Separation from Service, (B) the Grantee is a Specified Employee at the time of his Separation from Service, and (C) the issuance of RSUs does not
qualify for an exception from the definition of a “deferral of compensation” (within the meaning of Code Section 409A), a certificate or certificates (or such other evidence of ownership as may be permitted by the Bylaws) for the
number of shares of Common Stock issuable on that Issue Date, less any applicable tax and other withholding amounts (unless applicable taxes and other withholdings are satisfied by other means under Section 8). 

(c) Other Matters. Delivery of certificates shall be effected for all purposes when the Company’s stock transfer agent shall
have deposited such certificates in the United States mail, addressed to the Grantee. The Company, however, shall not be liable to the Grantee (or permitted transferee) for damages relating to any delays in issuing the certificate(s) to the Grantee
(or permitted transferee), any loss of the certificate(s), or any mistakes or errors in the issuance of the certificate(s) or in the certificate(s) themselves. The certificates shall be issued for a whole number of shares only. Any fractional share
resulting from the vesting of such RSU or otherwise shall be rounded up to the next full share as of such Issue Date. 
 4.
Effect of Termination of Service with the Company. Except as otherwise provided in the Grantee’s written employment agreement or another written agreement with the Company, if any, and except as set forth in Section 5(a),
(a) if the Grantee’s Service with the Company is terminated by the Company without Cause or by the Grantee for Good Reason (as such terms are defined in Section 8(g) of the Executive Employment Agreement entered into as of
May 20, 2010 (as amended from time to time), by and between Grantee and the Company), then any earned (no longer subject to performance conditions) but unvested RSUs shall continue to vest for a period of six (6) months after the
Grantee’s date of termination, on which date any earned RSUs remaining unvested shall be forfeited, and any unearned RSUs (still subject to performance conditions) shall be forfeited as of the date of such termination; (b) if the
Grantee’s Service with the Company is terminated by the Grantee without Good Reason or if the Company terminates the Grantee’s Service for Cause, then all unvested (whether earned or unearned) RSUs held by the Grantee shall immediately
expire and be forfeited as of the commencement of business on the date of such termination; (c) if the Grantee’s Service with the Company is terminated as the result of the Grantee’s Disability or death, then all earned but unvested
RSUs held by the Grantee shall become fully and immediately vested as of the date of such termination and fifty percent (50%) of outstanding unearned RSUs will be deemed earned and shall become fully and immediately vested as of the date of
such termination and the remaining fifty percent (50%) of 
  

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outstanding unearned RSUs shall be forfeited; and (d) if the Grantee’s Service with the Company is terminated as a result of the Grantee’s Retirement, then any earned but unvested
RSUs held by the Grantee shall continue to vest for a period of one (1) year after such termination, on which date the unvested portion of any earned RSUs remaining unvested shall be forfeited, and any unearned RSUs shall be forfeited as of the
Grantee’s date of termination. 
 5. Change in Control; Tender Offer. 

(a) Termination of Service in Connection with a Change of Control. Notwithstanding Sections 2 and 4, as provided in the
Grantee’s written Change of Control Agreement with the Company, effective June 1, 2010 (as amended from time to time), to the extent that the Acquiror either assumes the Company’s obligations under this Agreement when the Change of Control
is consummated and/or substitutes for the RSUs granted pursuant to this Agreement substantially equivalent awards for the Acquiror’s securities for some or all of the RSUs outstanding under this Agreement when the Change of Control is
consummated, this Agreement or such substituted awards shall remain in full force and effect and shall continue to vest as though the Change of Control did not occur. In such a case, if the Grantee’s Service with the Company is terminated by
the Company without Cause or by the Grantee for Good Reason (as defined in Section 6 of the Change of Control Agreement, effective June 1, 2010 (as amended from time to time), by and between Grantee and the Company) within two
(2) years after the occurrence of a Change of Control, then all RSUs, whether earned or not, held by the Grantee pursuant to this Agreement shall become fully and immediately vested. The acceleration of vesting and deemed earning of RSUs
pursuant to this Section 5(a) shall not occur if a Grantee’s Service with the Company is terminated for Cause or as a result of the Grantee’s Disability, death, Retirement, or by the Grantee without Good Reason, in each case,
in accordance with the terms of the Change of Control Agreement. 
 (b) Vesting of Non-Assumed/Non-Substituted RSUs upon
Change of Control. Notwithstanding Sections 2 and 4, in the event the Acquiror does not assume some or all of the Company’s obligations under this Agreement when the Change of Control is consummated and/or substitute substantially
equivalent awards for the Acquiror’s securities for some or all of the RSUs outstanding under this Agreement when the Change of Control is consummated, then any unearned or unvested portion of the RSUs shall be immediately deemed earned and
vested in full immediately prior to the consummation of the Change of Control. The earning and/or vesting of RSUs that is permissible solely by reason of this Section 5(b) shall be conditioned upon the consummation of the Change of
Control. Unless otherwise provided by the Board, any RSUs that are neither (i) assumed by or substituted for by the Acquiror in connection with the Change of Control nor (ii) vested in connection with the consummation of the Change of
Control shall terminate and cease to be outstanding effective as of the consummation of the Change of Control. 
 (c) Tender
Offer. Notwithstanding anything in this Agreement to the contrary, the Committee, in its discretion may accelerate vesting of all or any portion of the RSUs so that the shares of Common Stock issuable upon such vesting can be tendered in
response to a tender offer for, or a request or invitation to tender of, greater than fifty percent (50%) of the outstanding Common Stock of the Company. 
  

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 6. Restrictive Covenants. Grantee and the Company are parties to that certain
Employment Agreement dated May 20, 2010, which includes provisions in Sections 10, 11 and 12 thereof that restrict or prohibit Grantee from engaging in certain activities (the “Restrictive Covenants”). Grantee agrees that if
Grantee violates any provision of such Restrictive Covenants, then (i) all unvested RSUs shall immediately become null and void, and (ii) any shares of Common Stock issued upon vesting of any RSUs within one (1) year prior to or
within one (1) year after the date on which such violation occurred, along with any shares of Common Stock or other deferred compensation credited pursuant to Section 2(b) upon vesting of any RSUs within one (1) year prior to
or within one (1) year after the date on which such violation occurred shall immediately become null and void (collectively, the “Forfeited Shares”). Grantee hereby agrees that upon demand from the Company within one
(1) year after the later of termination of Grantee’s Service with the Company or discovery of the violation, (A) Grantee shall pay to the Company an amount equal to the proceeds Grantee has received from any sales or distributions of
Forfeited Shares, and (B) if Grantee still holds all or any part of the Forfeited Shares at the time the Company makes such demand, Grantee shall either (1) deliver to the Company all such unsold Forfeited Shares or (2) pay to the
Company the aggregate Fair Market Value of such Forfeited Shares as of the date of issuance of the Forfeited Shares. By accepting this Agreement and the RSUs granted hereby, Grantee agrees that the Restrictive Covenants are reasonable and necessary
to protect the legitimate interests of the Company. To the extent that Grantee owes the Company under this Section 6, by accepting this Agreement, Grantee consents to deductions from time to time from any amounts the Company owes Grantee
(x) from amounts that do not constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code (including amounts owed to Grantee as wages or other compensation) and/or (y) from amounts that
constitute “nonqualified deferred compensation” to the extent permitted by Code Section 409A (currently $5,000). Whether or not the Company elects to make any set-off in whole or in part, if the Company does not recover by means of
set-off the full amount Grantee owes pursuant to this Section 6, Grantee hereby agrees to pay immediately the unpaid balance to the Company. 

7. Transferability. The RSUs granted pursuant to this Agreement (a) may not be transferred for value or in violation of any
stock ownership or stock retention guidelines or policies adopted by the Company from time to time, and (b) are not transferable or assignable by the Grantee except (i) by will or the laws of descent and distribution, or (ii) pursuant
to a Qualified Domestic Relations Order. 
 8. Tax Withholding; Other Deductions. 

(a) General. The Company’s obligation to deliver shares of Common Stock under this Agreement shall be subject to the
Grantee’s satisfaction of all applicable federal, state, local, and foreign income and payroll tax withholding requirements. Grantee agrees to make appropriate arrangements with the Company for the satisfaction of any applicable federal, state,
local, and foreign income and payroll tax withholding or similar requirements, including the payment to the Company at the time of vesting of any RSUs of all such taxes and the satisfaction of all such requirements. If tax withholdings are to be
transmitted to the Company and are not timely received by the Company in order to satisfy its withholding obligation, the Company may withhold a portion of the shares of Common Stock that would otherwise be issued to the Grantee on the Issue Date,
sell such shares, and use the proceeds from such shares to satisfy the Company’s minimum withholding obligations. 
  

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 (b) Shares to Pay for Withholding. In connection with the receipt of shares of Common
Stock upon vesting of RSUs, the Committee may, in its discretion and in accordance with the provisions of this Section 8(b) and such supplemental rules as it may from time to time adopt (including any applicable safe-harbor provisions of
Rule 16b-3 under the Exchange Act), provide the Grantee with the right to use shares of Common Stock (including shares of Common Stock attributable to vested RSUs, which have not yet been issued) with a Fair Market Value not exceeding the amount
necessary to satisfy the withholding obligations of the Company based on the minimum applicable statutory withholding rates for federal, state, local, and foreign income tax and payroll tax purposes (“Taxes”). Such right may be
provided to the Grantee in either or both of the following formats: 
 (i) Stock Withholding. The Grantee may be
provided with the election to have the Company withhold, from the shares of Common Stock otherwise issuable on the Issue Date for any RSU, a portion of those shares of Common Stock with an aggregate Fair Market Value equal to the percentage of the
applicable Taxes (not to exceed one hundred percent (100%) of the minimum statutory withholding obligations), as designated by the Grantee. 

(ii) Stock Delivery. The Committee may, in its discretion, provide the Grantee with the election to deliver to the Company, on
the Issue Date for any RSU, one (1) or more shares of Common Stock previously acquired by the Grantee (other than pursuant to the transaction triggering the Taxes) with an aggregate Fair Market Value equal to the percentage of the Taxes
incurred in connection with such vesting of RSUs (not to exceed one hundred percent (100%) of the minimum statutory withholding obligations), as designated by the Grantee. 

9. Adjustment of Shares. Notwithstanding anything contained herein to the contrary, the number and type of shares of Common Stock
issuable upon vesting of RSUs subject to this Agreement shall be proportionately adjusted for any increase or decrease in the number of outstanding shares of Common Stock of the Company in the manner set forth in Section 19(a) of the Plan. If
the Company is the surviving entity in any merger or consolidation as described in Section 19(c) of the Plan, the RSUs granted herein shall pertain to and apply to the number and type of securities of the surviving entity to which a holder of
the number of shares of Common Stock subject to such RSUs would have been entitled if such RSUs had vested in full immediately prior to such merger or consolidation. 

10. Rights as Stockholder. Except as provided in the remainder of this Section 10, the Grantee shall not be entitled
to any of the rights of a stockholder with respect to the RSUs (including the right to vote any shares issuable upon vesting of such RSUs) unless and until the certificate for shares of Common Stock issuable upon an applicable Issue Date (or other
evidence of ownership as may be permitted by the Bylaws) are issued. Notwithstanding the foregoing, if the Company pays a cash dividend on its Common Stock while the RSUs are still outstanding (i.e., before shares of Common Stock have been
issued upon vesting of any RSUs), cash dividends on the underlying shares of Common Stock shall be accrued and paid to the Grantee at such time as the underlying RSUs vest and are issued as shares of Common Stock. 

11. No Employment or Service Contract. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to
continue in the Service of the Company (or any Parent or Subsidiary employing or retaining the Grantee) for any period of time or to interfere with or 

 

 - 5 - 

 
otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining the Grantee) or the Grantee, which rights are hereby expressly reserved by each, to
terminate the Service of Grantee at any time for any reason whatsoever, with or without Cause. 
 12. Limitation on Liability
of the Company. 
 (a) If the number of shares of Common Stock covered by this Agreement (individually, or in
combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement shall be void with
respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) with respect to such excess shares.

 (b) The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to
be necessary to the lawful issuance of any shares of Common Stock pursuant to this Agreement shall relieve the Company of any liability with respect to the non-issuance of the shares of Common Stock as to which such approval shall not have been
obtained. 
 13. Compliance with Laws and Regulations; Securities Matters. 

(a) The issuance of the shares of Common Stock upon vesting of any RSUs pursuant to this Agreement shall be subject to compliance
by the Company and the Grantee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange or trading market on which the shares of Common Stock may be listed at the time of such issuance.
Notwithstanding any of the other provisions of this Agreement or of the Plan, the Grantee agrees that the Company will not be obligated to issue any of the shares of Common Stock pursuant to this Agreement if the issuance of such shares of Common
Stock would constitute a violation by the Grantee or by the Company of any provision of any law or regulation of any governmental authority or national securities exchange or trading market on which the Common Stock is then listed or traded. The
Company, in its sole discretion, may defer the effectiveness of any Vesting Date in order to allow the issuance of shares of Common Stock pursuant thereto to be made pursuant to registration or an exemption from registration or other methods for
compliance available under federal or state securities laws. The Company shall inform the Grantee in writing of its decision to defer the effectiveness of such Vesting Date. In connection with the issuance of shares of Common Stock upon vesting of
any RSUs, the Grantee shall execute and deliver to the Company such representations in writing as may be requested by the Company in order for it to comply with applicable requirements of federal and state securities laws. 

(b) The Company may issue shares of Common Stock upon the vesting of RSUs under this Agreement only if (i) the shares of
Common Stock that are to be issued are registered under the Securities Act and any and all other applicable securities laws, or (ii) the Company, upon advice of counsel, determines that the issuance of such shares of Common Stock is exempt from
registration requirements. 
  

 - 6 - 

 (c) The Grantee acknowledges and agrees that the Company is under no obligation to
register, under the Securities Act or any other applicable securities laws, any of the shares of Common Stock to be issued to the Grantee upon vesting of any RSUs or to take any action that would make available any exemption from registration. The
Grantee further acknowledges and agrees that if the shares of Common Stock to be issued to the Grantee upon the vesting of any RSUs have not been registered under the Securities Act and all other applicable securities laws, those shares will be
“restricted securities” within the meaning of Rule 144 under the Securities Act and must be held indefinitely without any transfer, sale or other disposition unless (i) the shares are subsequently registered under the
Securities Act and all other applicable securities laws, or (ii) the Grantee obtains an opinion of counsel that is satisfactory in form and substance to counsel for the Company that the shares may be sold in reliance on an exemption from
registration requirements. In the event that the shares to be issued upon vesting of any RSUs are “restricted securities,” the certificate(s) representing the shares of Common Stock issued upon such vesting will be stamped or otherwise
imprinted with a legend in such form as the Company or its counsel may require with respect to any applicable restrictions on the sale or transfer of such shares and the stock transfer records of the Company will reflect stop- transfer instructions
with respect to such shares. 
 14. Notices; Deliveries. Any notice required to be given or delivered to the Company
under the terms of this Agreement shall be in writing and addressed to the Company, in care of its Secretary, at its principal office at 9221 East Via de Ventura Drive, Scottsdale, Arizona 85258. Any notice to be given or delivered to the Grantee
shall be in writing and addressed to him at the address given by him beneath his signature hereto. Either party hereto may hereafter designate a different address in writing to the other party. Any notice shall be deemed to have been given or
delivered (a) upon personal delivery; or (b) upon receipt of facsimile transmission; or (c) one business day after deposit with a nationally recognized overnight courier for overnight delivery; or (d) three business days after
deposit in the U.S. mail, first class postage prepaid, and properly addressed to the party to be notified. 
 15. Disputes.
As a condition of the granting of the RSUs, Grantee, his heirs and successors, or permitted transferees agree that (a) any dispute or disagreement that may arise hereunder shall be determined by the Committee in its sole discretion and
judgment, (b) all decisions of the Committee with respect to any questions or issues arising under the Plan or under this Agreement shall be conclusive on all persons having an interest in the RSUs, and (c) any such determination and any
interpretation by the Committee of the terms of the Plan and this Agreement shall be final and shall be binding and conclusive, for all purposes, upon the Company and upon the Grantee, his heirs, personal representatives, and permitted transferees.

 16. RSUs Subject to Plan. The Grantee acknowledges that he has received and carefully reviewed a copy of the Plan on
or prior to the Grant Date. This Agreement and the RSUs evidenced hereby are made and granted pursuant to the Plan and are in all respects limited by and subject to the express terms and provisions of the Plan. Unless otherwise explicitly stated
herein, in the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan shall govern and prevail under all circumstances. 

17. Code Section 409A. To the extent that the RSUs are a Section 409A Award, the Company and the Grantee intend that
this Agreement and the RSUs shall comply with the requirements of Code Section 409A and any related regulations or other guidance promulgated 

 

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with respect to such section by the U.S. Department of the Treasury or the Internal Revenue Service. Therefore, the Company shall not make any changes or adjustments to this Agreement or the RSUs
that is not in accordance with the requirements of Code Section 409A without the express written consent of the Grantee. If the RSUs are not a Section 409A Award then, notwithstanding any other provision in the Plan, the Company shall take
no action that causes this Agreement or the RSUs to become a Section 409A Award without the express written consent of the Grantee. 

18. Recoupment. All awards under this Agreement are limited by and in all respects subject to any compensation recovery,
recoupment, equity retention or similar plans or policies that the Company may enact from time to time and, without limiting the foregoing, all RSUs granted hereunder are subject to recoupment, forfeiture or modification (in whole or in part) in
accordance with the terms of any such plans or policies, regardless of whether such plans or policies are currently in effect or may be implemented and/or modified subsequent to the date of this Agreement. 

19. Miscellaneous. 

(a) Nothing herein contained shall affect Grantee’s right to participate in and receive benefits from and in accordance with
the then-current provisions of any employee pension, welfare, or fringe benefit plan or program of the Company. 
 (b)
Whenever the term “Grantee” is used herein under circumstances applicable to any other person or persons to whom the RSUs, in accordance with the provisions of this Agreement or the Plan, may be transferred, the word
“Grantee” shall be deemed to include such person or persons. Words used herein, regardless of the number and gender specifically used, shall be deemed and construed to include any other number, singular or plural, and any other gender,
masculine, feminine, or neuter, as the context requires. 
 (c) If any provision of this Agreement or of the Plan would
disqualify the Agreement or the Plan under Rule 16b-3 promulgated under the Exchange Act, or would not otherwise comply with Rule 16b-3, such provision shall be construed or deemed amended to conform to Rule 16b-3, to the extent permitted by
applicable law and deemed advisable by the Board. 
 (d) This Agreement shall be binding upon and inure to the benefit of
the Company and the Grantee and their respective heirs, administrators, successors, or permitted assigns. 
 (e) The
interpretation, performance, and enforcement of this Agreement shall be governed by the laws of the State of Arizona, notwithstanding any Arizona or other conflicts of law principles to the contrary. 

[Signature page follows.] 
  

 - 8 - 

 IN WITNESS WHEREOF, the Company and Grantee have executed and delivered this
Agreement as of the date first above written, which date is the Grant Date of the RSUs. 
  

			
	RURAL/METRO CORPORATION,
	a Delaware corporation
		
	By:	 	 /s/ Conrad A. Conrad

			
		
	Printed Name:	 	 Conrad A. Conrad

			
		
	Title:	 	 Chairman of the Board

	
	GRANTEE
	
	
                /s/ Michael P.
DiMino

	Michael P. DiMino
		
	Address:	 	  

	
	  

 

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 SCHEDULE A 

PERFORMANCE GOAL(S) 

The performance criteria below must be achieved no later than the first anniversary of the grant date of the initial grant of restricted stock units
(RSUs) awarded to Michael DiMino, as a condition of vesting of the RSU grant. Achievement shall be determined in the discretion of the Board of Directors. 
  

	•	 	 Prepare and secure board approval for an updated strategic plan for the Company by orchestrating an ongoing planning process which produces an updated
corporate vision and updated mid- and long-term business objectives (including a profitable revenue growth plan). 

  

	•	 	 Building on recent Company initiatives, refine the optimal blend between standardization and centralization of certain activities and independence,
tailoring and decentralization of others and develop an action plan to move Rural/Metro toward that blend. 

  

	•	 	 Review recent modifications to the Company’s organizational structure that details the organization’s personnel needs as a function of the
company’s strategic and operating plans, and recommend enhancements as appropriate. Implement an action plan to address important vacancies within that plan. 

 

	•	 	 Develop an action plan for retention of senior management personnel through the current transition of management responsibilities.

  

	•	 	 Partnering with the Chief Financial Officer and Managing Director of Investor Relations & Corporate Communications, review recent initiatives
to build a broader and stronger set of relationships with target institutional investors, the broader investor community and stock market analysts, and update as appropriate. Refine the Rural/Metro “story” for key external constituents,
most notably the investor and analyst community. 

  

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 SCHEDULE B 

VESTING SCHEDULE 

Provided that performance goal set forth on Schedule A is met: 

 

			
	 Vesting Date
	  	Number of
Units 
Vested
		
	 First
(1st) Year Anniversary of Grant Date
	  	9,127
	 Second
(2nd) Year Anniversary of Grant Date
	  	9,128
	 Third
(3rd) Year Anniversary of Grant Date
	  	9,128

  

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