Document:

Prepared by R.R. Donnelley Financial -- Form of Employment Letter

  Exhibit 10.7 
 [Logo of Intersil Corporation]
 May 14, 2002
 [Name]
[Address]
 Dear _________ :
 As you are aware, Intersil Corporation has agreed to acquire Elantec Semiconductor, Inc. Effectively integrating Elantec into
Intersil will require close teamwork and cooperation between numerous organizations. Once complete, the synergy between the key products, markets, resources and talents of Elantec and Intersil will enable us to lead and challenge in markets across a
broader front. 
 You will be joining Intersil effective immediately upon the closing of the Merger as _________________ reporting directly to me. Your new base compensation will be $240,000 annually. You
will also be a participant in the Intersil Management Bonus Program for 2002 and your bonus target will be $180,000 annually at target, provided that you are employed on the date of payment. The amount actually paid will vary based upon the
Company’s performance against preset goals.
 You will be granted 60,000 shares under the Intersil 1999 Equity Compensation Plan (pursuant to Intersil’s Terms and Conditions for Executive Officers
(Effective May 3, 2002)) at the fair market value on May 15, 2002. The vesting schedule for these shares will be as follows:25% of the shares will be vested on May 15, 2003, with the remaining shares vesting at 1/16 per quarter over the next three
years, based on your continued employment with Intersil.
 We currently anticipate maintaining Elantec’s primary benefit plans through the remainder of calendar year 2002. One exception to this relates to the
Employee Stock Purchase Plan (ESPP). In accordance with the terms of the Merger Agreement, the Elantec ESPP will continue through the conclusion of the current Offering Period. You will be eligible to participate in Intersil’s ESPP for the
Purchase Period beginning October 1, 2002.Over the course of the next few months, a comprehensive review of existing benefit plans will be conducted. Recommendations regarding any potential changes will be reviewed and approved by senior management.
Employee communications regarding any such changes will be provided. 
 In the event of a future change of control of Intersil, you will be entitled to the rights set forth in the Executive Change of Control
Severance Benefits Agreement which is attached to this letter.
 I hope you find the foregoing information helpful as we work through the many challenging issues associated with effectively integrating the two
businesses. Once complete, the synergy between the key products, resources and talents of Intersil and Elantec will enable us to lead and challenge in markets across a broader front. Your leadership at Intersil will be instrumental in making the
Company a continued success.
 To indicate your acceptance of this offer, please sign, date and return Page 2 of this letter and the Executive Change of Control Severance Benefits Agreement to myself or Debbie
Ceraolo.
 Alden, I believe this summarizes our discussions. I am very excited about our new opportunities at Intersil and about our continued working together.

	Sincerely,
 
 
 
	 /s/ Richard M. Beyer 
	
	
 Richard M. Beyer
 Chief Executive Officer
 Intersil Corporation

 

  [Name]
May 14, 2002
Page 2
  ACCEPTANCE OF EMPLOYMENT OFFER 

	               5/14/02              
	 	
                                        
             	 	               5/14/02              
	 
	Start Date	 	Signature	 	Date	 

    

   Schedule to Form of Employment Letters 

	 Party 	 	 Title 	 
	Alden Chauvin	 	Vice President of Worldwide Sales	 
	Mohan Maheswaran	 	Vice President and General Manager, Elantec Business UnitPrepared by R.R. Donnelley Financial -- Severance Benefits Agreement - Alden Chauvin

  Exhibit 10.8 
  EXECUTIVE 
 CHANGE IN CONTROL 
 SEVERANCE BENEFITS AGREEMENT 
              THIS EXECUTIVE CHANGE IN CONTROL SEVERANCE BENEFITS AGREEMENT  (the  “AGREEMENT” ) is entered into on May 14, 2002, between Alden Chauvin
(“Executive”) and  INTERSIL CORPORATION , a Delaware corporation (the  “COMPANY” ).
             WHEREAS, under the
Agreement and Plan of Merger (the “Merger Agreement”) dated March 10, 2002, by and among the Company, Echo Acquisition, Inc. and Elantec Semiconductor, Inc. (“Elantec”), the Company has agreed to acquire Elantec pursuant to the
Merger (as defined in the Merger Agreement) on the terms and conditions set forth in the Merger Agreement; and
             WHEREAS, this Agreement is
intended to provide Executive with the compensation and benefits described herein upon the occurrence of specific events after the Merger. This Agreement is entered into simultaneously with an employment agreement by and between the Executive and
the Company dated the date hereof (the “Employment Agreement”).
             NOW THEREFORE, the Company and Executive hereby agree as
follows:
             Certain capitalized terms used in this Agreement are defined in Article VI.
  ARTICLE I

 EMPLOYMENT BY THE COMPANY 
              1.1    Executive is currently employed as an executive of Elantec and,
after and subject to the closing of the Merger, will be employed as an Executive of the Company.
              1.2    This
Agreement shall be deemed effective at the Effective Time (as defined in the Merger Agreement) of the Merger and shall remain in full force and effect so long as Executive is employed by the Company or its subsidiaries; provided, however, that the
rights and obligations of the parties hereto contained in Articles II through VII shall survive Two and One Half (2-1/2) years following a Covered Termination (as hereinafter defined). Notwithstanding the foregoing, if the Closing (as defined in the
Merger Agreement) of the Merger does not occur and the Merger Agreement is terminated, this Agreement shall have no force or effect and shall be void ab initio.
              1.3    The Company and Executive wish to set forth the compensation and benefits which Executive shall be entitled to receive in connection with
the Merger or if Executive’s employment with the Company terminates following the Merger or a Change in Control under the circumstances described in Article II of this Agreement.
  

               1.4    The duties and obligations of the Company to Executive under this Agreement shall be in
consideration for Executive’s past services to Elantec, Executive’s continued employment with the Company and Executive’s execution of the general waiver and release described in Section 3.2.
              1.5    Executive acknowledges and agrees that this Agreement supersedes Executive’s prior Executive Change in Control Severance Benefits
Agreement dated February 13, 2001, by and between Executive and Elantec (the “Prior Agreement”). The Prior Agreement shall terminate and be of no further force or effect concurrently with (and shall be deemed to be terminated immediately
prior to) the Effective Time of the Merger, and Executive waives any rights or benefits that would be payable under the Prior Agreement and forever releases and discharges the Company, Elantec and each of their affiliates from any obligations or
liabilities relating to the Prior Agreement. Executive’s rights and benefits with respect to the subject matter of the Prior Agreement shall be exclusively governed by the terms and conditions of this Agreement.
  ARTICLE II 
 SEVERANCE BENEFITS 
              2.1     Entitlement To Severance Benefits. If
Executive’s employment terminates due to an Involuntary Termination or a Voluntary Termination for Good Reason (as hereinafter defined) within twelve (12) months following (i) the Closing Date (as defined in the Merger Agreement) of the Merger
or (ii) the effective date of a Change in Control, the termination of employment will be a Covered Termination and the Company shall pay Executive the compensation and benefits described in this Article II. If Executive’s employment terminates,
but not due to an Involuntary Termination or a Voluntary Termination for Good Reason within twelve (12) months following (A) the Closing Date of the Merger or (B) the effective date of a Change in Control, then the termination of employment will 
not  be a Covered Termination and Executive will  not  be entitled to receive any payments or benefits under this Article II.
             Payment of any benefits described in this Article II shall be subject to the restrictions and limitations set forth in Article III of this Agreement.
              2.2     Lump Sum Severance Payment. The Company shall pay to the Executive his base pay through the Date of Covered
Termination at the rate in effect at the time Notice of Termination is given, subject to any applicable withholding of federal, state or local taxes, plus (i) that portion of Executive’s targeted cash bonus prorated through the Date of Covered
Termination, and (ii) all other amounts to which Executive is entitled under any compensation plan or practice of the Company at the time such payments are due. In addition, within thirty (30) days following a Covered Termination, Executive shall
receive a lump sum payment equal to one hundred percent (100%) of the sum of Annual Base Pay and Annual Bonus, subject to any applicable withholding of federal, state or local taxes.
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               2.3     Stock Options. In accordance with Section 4.3, certain outstanding stock options
held by the Executive may become fully vested and exercisable upon a Covered Termination and the period of time for exercise of stock options following a Covered Termination may be extended.
              2.4     Welfare Benefits. Following a Covered Termination, Executive and his covered dependents will be eligible to continue their Welfare
Benefits coverage under any Welfare Benefits plan or program maintained by the Company on the same terms and conditions (including cost to Executive) as in effect immediately prior to the Covered Termination, for a period of one (1) year following
the Covered Termination.
             With respect to any Welfare Benefits provided through an insurance policy, the Company’s obligation to
provide such Welfare Benefits following a Covered Termination shall be limited by the terms of such a policy; provided that (i) the Company shall make reasonable efforts to amend such policy to provide the continued coverage described in this
Section 2.4, and (ii) if a policy providing health benefits is not amended to provide the continued benefits described in this Section 2.4, the Company shall pay for the cost of comparable replacement coverage (or Medigap insurance if Executive
qualifies for Medicare) until the end of the one (1) year period following the Covered Termination.
             The Company shall reimburse Executive
for any income tax liability due as a result of the provision of Welfare Benefits under this Article II (and as a result of any payments due under this paragraph) in order to put Executive in the same after-tax position as if no taxable Welfare
Benefits had been provided.
             This Section 2.4 is not intended to affect, nor does it affect, the rights of Executive, or Executive’s
covered dependents, under any applicable law with respect to health insurance continuation coverage.
              2.5    
Mitigation. Except as otherwise specifically provided herein, Executive shall not be required to mitigate damages or the amount of any payment provided under this Agreement by seeking other employment or otherwise, nor shall the amount of any
payment provided for under this Agreement be reduced by any compensation earned by Executive as a result of employment by another employer or by retirement benefits after the date of the Covered Termination, or otherwise.
  ARTICLE III 
 LIMITATIONS AND CONDITIONS ON BENEFITS 
              3.1    
Withholding of Taxes. The Company shall withhold appropriate federal, state or local income and employment taxes from any payments hereunder.
              3.2     Employee Agreement and Release Prior to Receipt of Benefits. Upon the occurrence of a Covered Termination, and prior to the receipt
of any benefits under this 
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  Agreement on account of the occurrence of a Covered Termination, Executive shall, as of the date of a Covered Termination, execute an employee agreement and release in the form attached
hereto as Exhibit A. Such employee agreement and release shall specifically relate to all of Executive’s rights and claims in existence at the time of such execution and shall confirm Executive’s obligations under the Company’s
proprietary information agreement (which Executive executed in favor of Elantec prior to the Merger and which shall inure to the benefit of the Company and be fully enforceable by, and apply in all respects with respect to, the Company). It is
understood such employee release and agreement shall comply with applicable law. In the event Executive does not execute such release and agreement within the period required by applicable law, or if Executive revokes such employee agreement and
release within the period permitted by applicable law, no benefits shall be payable under this Agreement and this Agreement shall be null and void.
  ARTICLE IV 
 OTHER RIGHTS AND BENEFITS

              4.1     Nonexclusivity. Nothing in this Agreement shall prevent or limit Executive’s continuing or
future participation in any benefit, bonus, incentive or other plans, programs, policies or practices provided by the Company and for which Executive may otherwise qualify, and except as expressly provided herein, nor shall anything herein limit or
otherwise affect such rights as Executive may have under any stock option or other agreements with the Company. Except as otherwise expressly provided herein, amounts which are vested benefits or which Executive is otherwise entitled to receive
under any plan, policy, practice or program of the Company at or subsequent to the date of a Covered Termination shall be payable in accordance with such plan, policy, practice or program.
              4.2     Parachute Payments. In the event that any amount or benefit received or to be received by Executive pursuant to this Agreement
(other than payment pursuant to this Section 4.2) would constitute an “excess parachute payment” subject to excise tax under Section 4999 of the Code, the Company shall pay to Executive the amount of any such excise tax; provided, however,
that no payment shall be made under this Section 4.2 to the extent that it would reduce Executive’s after-tax income.
              4.3
    Stock Options. The Company shall take all actions necessary to amend all stock option agreements evidencing outstanding stock options and any restricted stock grant agreements granted to Executive such that: 

                         (a)    in the event of a Covered Termination within 12
months following the Closing Date of the Merger: (i) to provide for full accelerated vesting and exercisability of that portion of any of Executive’s outstanding options to purchase Intersil Class A Common Stock (or securities of the surviving
entity that are issuable upon exercise of stock options following a Change in Control) that would have vested over the subsequent two (2) years following the Date of Covered Termination and (ii) to permit Executive to exercise all such vested
options for 
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  twelve (12) months following a Covered Termination (or the remaining term of the applicable option grant if shorter than 12 months); and
                          (b)    in the event of a Covered Termination within 12 months following the
effective date of a Change in Control: (i) to provide for full accelerated vesting and exercisability of all of the Executive’s outstanding options to purchase Intersil Class A Common Stock (or securities of the surviving entity that are
issuable upon exercise of stock options following a Change in Control) and (ii) to permit Executive to exercise all such vested options for twenty-four (24) months following a Covered Termination (or the remaining term of the applicable option grant
if shorter than 24 months).
 Any prior amendments that have been made by Elantec with respect to Executive’s stock option agreements providing for accelerated vesting or other rights or benefits in
accordance with the Prior Agreement are hereby superseded and made null and void.
              4.4     Indemnity Agreement.
The Indemnity Agreement signed by the Executive upon employment with Elantec (which will be assumed by and binding on the Company) will remain in full force and effect for 5 years following the Date of Covered Termination.
  ARTICLE V 
 NON-ALIENATION OF BENEFITS 
             No benefit hereunder shall be subject to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt to so subject a benefit hereunder shall be void.
  ARTICLE VI 
 DEFINITIONS 
             For purposes of the Agreement, the following terms shall have the meanings set forth below:
              6.1     “Agreement”  means this Executive Change in Control Severance Benefits Agreement.
              6.2     “Annual Base Pay”  means Executive’s annual base pay at the rate in effect during the last regularly scheduled
payroll period immediately preceding (i) the Merger or Change in Control, as applicable, or (ii) the Covered Termination, whichever is greater.
              6.3     “Annual Bonus”  means the Executive’s projected or estimated annual cash incentive bonus at target for the fiscal
year of the Company in which termination of Executive’s employment occurs.
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               6.4     “Change in Control”  means the consummation of any of the following
transactions after the Effective Time of the Merger:
                          (a)
   the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of
the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of liquidation or dissolution of the Company or an agreement for the sale, lease, exchange or other
transfer or disposition by the Company of all or substantially all (more than fifty percent (50%)) of the Company’s assets;
                          (b)    any person (as such term is used in Sections 13(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”)), is or becomes the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) directly or indirectly of 25% or more of the Company’s outstanding Common Stock;
or
                          (c)    a change in the composition of the
Board of Directors of the Company within a three (3) year period, as a result of which fewer than a majority of the directors are Incumbent Directors. “Incumbent Directors” shall mean directors who either:
                                       (A)
   are directors of the Company at the Effective Time;
                                       (B)
   are elected, or nominated for election, to the Board of Directors of the Company with the affirmative votes of at least a majority of the directors of the Company who are Incumbent Directors described in (A) above at the time
of such election or nomination; or
                                       (C)
   are elected, or nominated for election, to the Board of Directors of the Company with the affirmative votes of at least a majority of the directors of the Company who are Incumbent Directors described in (A) or (B) above at the
time of such election or nomination.
             Notwithstanding the foregoing, “Incumbent Directors” shall not include an individual whose
election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company.
              6.5     “Company”  means Intersil Corporation, a Delaware corporation, and any successor thereto.
              6.6     “Covered Termination”  means an Involuntary Termination or a Voluntary Termination for Good Reason within twelve (12)
months following (i) the Merger or (ii) a Change in Control after the Effective Time of the Merger. No other event shall be a Covered Termination for purposes of this Agreement.
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              6.7     “Date of Covered Termination”  means the first date following the
last date of Executive’s employment with the Company or its subsidiaries as a result of a Covered Termination.
              6.8
    “Date of Notice of Termination”  means the date the Executive is given notice, either verbal or written, that his employment with the Company or its subsidiaries has been or will be terminated.
              6.9     “Involuntary Termination”  means Executive’s dismissal or discharge by the Company or its
subsidiaries (or, if applicable, by the successor entity) for reasons other than fraud, misappropriation or embezzlement on the part of Executive which resulted in material loss, damage or injury to the Company. Notwithstanding the foregoing,
Executive shall not be deemed to have been terminated for one of these reasons unless and until there shall have been delivered to Executive a copy of a resolution, duly adopted by the affirmative vote of not less than three-quarters of the entire
membership of the Company’s Board of Directors at a meeting of the Board called and held for the purpose (after reasonable notice to Executive and an opportunity for the Executive, together with Executive’s counsel, to be heard before the
Board of Directors), finding that in the good faith opinion of the Board of Directors, Executive was guilty of conduct set forth in the immediately preceding sentence and specifying the particulars thereof in detail.
             The termination of an Executive’s employment would not be deemed to be an “Involuntary Termination” if such termination occurs as a result of the death or
disability of Executive.
              6.10     “Voluntary Termination for Good Reason”  means that the Executive
voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:
                          (a)    the assignment to Executive of any duties or responsibilities which
result in any diminution or adverse change of Executive’s position, status or circumstances of employment as in effect immediately following the Merger (in the case of a Covered Termination relating to the Merger) or immediately prior to a
Change in Control of the Company (in the case of a Covered Termination relating to a Change in Control); any removal of Executive from or any failure to reelect Executive to any of such positions, except in connection with the termination of his
employment for death, disability, retirement, fraud, misappropriation, embezzlement or any other voluntary termination of employment by Executive other than Voluntary Termination for Good Reason;
                          (b)    a reduction by the Company in Executive’s Annual Base Pay or
targeted annual cash incentive bonus in effect at the time;
                          (c)
   any failure by the Company to continue in effect any benefit plan or arrangement, including incentive plans or plans to receive securities of the Company, in which Executive is participating at the time of the Merger (in the
case of a Covered Termination
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  relating to the Merger) or a Change in Control of the Company (hereinafter referred to as “Benefit Plans”), or the taking of any action by the Company which would adversely affect
Executive’s participation in or reduce Executive’s benefits under any Benefit Plans or deprive Executive of any fringe benefit enjoyed by Executive at the time of the Merger (in the case of a Covered Termination relating to the Merger) or
a Change in Control of the Company, provided, however, that Executive will not incur a Voluntary Termination for Good Reason pursuant to this subsection (c) if the Company offers a range of benefit plans and programs which, taken as a whole, are
comparable to the Benefit Plans as determined in good faith by Executive;
                          (d)    a relocation of Executive, or the Company’s principal executive
offices if Executive’s principal office is at such offices, to a location more than fifteen (15) miles from the location at which Executive performed Executive’s duties immediately prior to the Merger (in the case of a Covered Termination
relating to the Merger) or a Change in Control of the Company, except for required travel by Executive on the Company’s business to an extent substantially consistent with Executive’s business travel obligations at the time of the Merger
or a Change in Control of the Company;
                          (e)
   any breach by the Company of any provision of this Agreement; or
                          (f)    any failure by the Company to obtain the assumption of this
Agreement by any successor or assign of the Company.
              6.11     “Welfare Benefits”  means benefits
providing for coverage or payment in the event of Executive’s death, disability, illness or injury that were provided to Executive immediately before the Merger (in the case of a Covered Termination relating to the Merger) or a Change in
Control, whether taxable or non-taxable and whether funded through insurance or otherwise, including without limitation all life and health insurance coverage.
  ARTICLE VII 
 GENERAL PROVISIONS

              7.1     Employment Status. This Agreement does not constitute a contract of employment or impose on
Executive any obligation to remain as an employee, or impose on the Company any obligation (i) to retain Executive as an employee, (ii) to change the status of Executive as an at-will employee, or (iii) to change the Company’s policies
regarding termination of employment.
              7.2     Notices. Any notices provided hereunder must be in writing and
such notices or any other written communication shall be deemed effective upon the earlier of personal delivery (including personal delivery by telex or facsimile) or the third day after mailing by first class mail, to the Company at its primary
office location and to Executive at his address as listed in the Company’s payroll records. Any payments made by the Company to Executive under the terms of this Agreement shall be delivered to Executive either in person or at his address as
listed in the Company’s payroll records.
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               7.3     Severability. Whenever possible, each provision of this Agreement will be
interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provisions had
never been contained herein.
              7.4     Waiver. If either party should waive any breach of any provisions of the
Agreement, he or it shall not thereby be deemed to have waived any preceding or succeeding breach of the same or any other provision of this Agreement.
              7.5     Complete Agreement. This Agreement, including Exhibit A and other written agreements referred to in this Agreement, constitutes the
entire agreement between Executive and the Company and it is the complete, final, and exclusive embodiment of their agreement with regard to the subject matter hereof, and expressly supersedes all other agreements, promises or understandings,
whether oral or written, including without limitation the Executive’s prior employment agreement with Elantec dated March 31, 1999 (the “Prior Employment Agreement”) and the Prior Agreement. For the purpose of clarity, the parties
hereto acknowledge and agree that in the event of any termination of Executive’s employment with the Company which constitutes a Covered Termination hereunder, Executive shall be entitled to the rights and benefits provided for in this
Agreement in lieu of any rights or benefits provided for in Executive’s Prior Employment Agreement, Prior Agreement, Employment Agreement or in any employment agreement or letter subsequently entered into by the Executive with the Company. This
Agreement is entered into without reliance on any promise or representation other than those expressly contained herein.
              7.6
    Amendment or Termination of Agreement. This Agreement may be changed or terminated only upon the mutual written consent of the Company and Executive. The written consent of the Company to a change or termination of this
Agreement must be signed by an executive officer of the Company after such change or termination has been approved by the Compensation Committee of the Company’s Board of Directors.
              7.7     Counterparts. This Agreement may be executed in separate counterparts, any one of which need not contain signatures of more than one
party, but all of which taken together will constitute one and the same Agreement.
              7.8     Headings. The
headings of the Articles and sections hereof are inserted for convenience only and shall not be deemed to constitute a part hereof nor to affect the meaning thereof.
              7.9     Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Executive and the
Company, and their respective successors, assigns, heirs, executors and administrators, except that Executive may not assign any of his 
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  duties hereunder and Executive may not assign any of his rights hereunder without the written consent of the Company, which consent shall not be withheld unreasonably.
              7.10     Attorney Fees. If Executive brings any action to enforce his rights hereunder, Executive shall be entitled to
recover his reasonable attorneys’ fees and costs incurred in connection with such action if Executive is the prevailing party in such action.
              7.11     Choice of Law. All questions concerning the construction, validity and interpretation of this Agreement will be governed by the law
of the State of California.
              7.12     Non-Publication. The parties mutually agree not to disclose publicly the
terms of this Agreement except to the extent that disclosure is mandated by applicable law.
              7.13     Construction
of Agreement. In the event of a conflict between the text of this Agreement and any summary, description or other information regarding the Agreement, the text of the Agreement shall control.
 [Signatures
Appear on the Following Page]
 - 10 -

   Execution Copy 
  IN WITNESS WHEREOF,  the parties have executed this Agreement on the day and year written above.

	 INTERSIL CORPORATION 
 a Delaware Corporation 

	 	 	 EXECUTIVE 

	/s/ Richard M. Beyer	 	   	/s/ Alden Chauvin
	
	 	 	

	Name: Richard M. Beyer
Title: President and CEO	 	 	Alden Chauvin

  Exhibit A:  Employee Agreement and Release 

     Exhibit A     Intersil Corporation 
  Employee Agreement and
Release 
             I understand and agree completely to the terms set forth in the foregoing agreement.
             I hereby confirm my obligations under the Agreement Regarding Proprietary Information and Inventions (which I executed in favor of Elantec Semiconductor, Inc. prior to
the Merger and which shall inure to the benefit of the Company and be fully enforceable by, and apply in all respects with respect to, the Company after the Merger).
             I acknowledge that I have read and understand Section 1542 of the California Civil Code which reads as follows: “A general release does not extend to claims which
the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected this settlement with the debtor.” I hereby expressly waive and relinquish all rights and
benefits under that section and any law of any jurisdiction of similar effect with respect to my release of any claims I may have against the Company.
             Except as otherwise set forth in this Agreement, I hereby release, acquit and forever discharge the Company, its parents and subsidiaries, and their officers, directors,
agents, servants, employees, shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys fees, damages, indemnities and obligations of every kind and nature, in
law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed (other than any claim for indemnification I may have as a result of any third party action against me based on my employment with the Company),
arising out of or in any way related to agreements, events, acts or conduct at any time prior to and including the Effective Date of this Agreement, including but not limited to: all such claims and demands directly or indirectly arising out of or
in any way connected with my employment with the Company or the termination of that employment, including but not limited to, claims of intentional and negligent infliction of emotional distress, any and all tort claims for personal injury, claims
or demands related to salary, bonuses, commissions, stock, stock options, or any other ownership interests in the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, or any other form of compensation; claims pursuant to
any federal, state or local law or cause of action including, but not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age Discrimination in Employment Act of 1967, as amended (“ADEA”); the federal American with
Disabilities Act of 1990; the California Fair Employment and Housing Act, as amended; tort law; contract law; wrongful discharge; discrimination; fraud; defamation; emotional distress; and breach of the implied covenant of good faith and fair
dealing; provided, however, that nothing in this paragraph shall be construed in any way to release the Company from the obligations under the Indemnification Agreement entered into with Elantec and to provide you with continued coverage under
the

  
 Company’s directors and officers liability insurance policy to the same extent that it has provided such coverage to previously departed officers and directors of the
Company.
             I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under ADEA. I also acknowledge that
the consideration given for the waiver and release in the preceding paragraph hereof is in addition to anything of value which I was already entitled. I further acknowledge that I have been advised by this writing, as required by the ADEA, that: (a)
my waiver and release do not apply to any rights or claims that may arise after the Effective Date of this Agreement; (b) I have the right to consult with an attorney prior to executing this Agreement; (c) I have twenty-one (21) days to consider
this Agreement (although I may choose to voluntarily execute this Agreement earlier); (d) I have seven (7) days following the execution of this Agreement by the parties to revoke the Agreement; and (e) this Agreement shall not be effective until the
date upon which the revocation period has expired, which shall be the eighth day after this Agreement is executed by me, provided that the Company has also executed this Agreement by that date (“Effective Date”).
 

	 	 	By:  	
                                        
                                       

		 	 	
	 	 	 	Alden Chauvin
	 	 	 	 
	 	 	Date:

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