Document:

Severance Agreement  - Bill Roeschlein

 Exhibit 10.1 

May 7, 2010 
 Bill Roeschlein 

Power Integrations, Inc. 
 5245 Hellyer Avenue

 San Jose, CA 95138 
 Re:
Separation Letter Agreement and Release of Claims 
 Dear Bill: 

This letter sets forth the terms of the separation agreement (the “Agreement”) that Power Integrations, Inc. (the
“Company”) is offering to you to aid in your employment transition. 
 1. Separation Date. You agree to
resign your employment and the Company accepts your resignation, effective as of May 7, 2010 (the “Separation Date”). You will provide the Company with the signed letter of resignation attached hereto as Exhibit A. 

2. Accrued Salary And Vacation. You will be paid for all accrued salary, and all accrued and unused vacation, earned through the
Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law. 
 3.
Expense Reimbursements. You agree that within ten (10) days of the Separation Date, you will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through the Separation Date, if any, for
which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice within fourteen (14) days of your submission of proper expense reports. 

4. Severance Benefits. Pursuant to Section 5 of the Executive Officer Benefits Agreement between you and the Company dated
November 5, 2008 (the “Benefits Agreement”), if you: (i) timely sign, date and return this fully executed Agreement; and (ii) allow the releases contained herein to become effective; then the Company will provide you
with the following Severance Benefits (the “Severance Benefits”): 
 (a) Severance Payment. The Company
will pay you a lump sum amount equal to six (6) months of your base salary, less standard payroll deductions and required withholdings. This amount will be paid to you within thirty (30) days after the Separation Date, provided that you
have complied with all of your obligations hereunder. 
 (b) Targeted Annual Incentive Bonus. The Company will provide
you with 1,350 shares of Company common stock, which amounts to 50% of your targeted annual incentive bonus of 2,700 performance stock units under the 2010 Bonus Plan. The Company 

 
will issue these shares of Company common stock to you within thirty (30) days after the Separation Date, provided that you have complied with all of your obligations hereunder. 

(c) Health Insurance. To the extent provided by the federal COBRA law or, if applicable, state insurance laws (collectively
“COBRA”), and by the Company’s current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense after the Separation Date. As an additional severance benefit, if
you timely elect continued group health coverage pursuant to COBRA, the Company will reimburse your COBRA premium payments sufficient to continue your group coverage at its current level (including dependant coverage, if applicable) for a period of
six (6) months or until you become eligible to be covered under another employer’s group health plan (other than a plan which imposes a preexisting condition exclusion unless the preexisting condition exclusion does not apply), whichever
comes first. 
 5. Equity. Under the terms of your stock option agreement and the applicable plan documents, vesting of
your stock options will cease as of the Separation Date. Your right to exercise any vested options, and all other rights and obligations with respect to your stock options(s), will be as set forth in your stock option agreement, grant notice and
applicable plan documents. 
 6. Other Compensation and Benefits. You will be entitled to receive the benefits, if any,
under the Company’s 401K Plan and other Company benefit plans to which you may be entitled pursuant to the terms of such plans. You acknowledge that, except as expressly provided in this Agreement, you have not earned and will not receive from
the Company any additional compensation (including base salary, bonus, incentive compensation, or equity), severance, or benefits before or after the Separation Date. 

7. Return Of Company Property. Within twenty (20) days after the Separation Date, you agree to return to the Company all
Company documents (and all copies thereof) and other Company property which you have in your possession or control, including, but not limited to, Company files, notes, drawings, records, plans, forecasts, reports, studies, analyses, proposals,
agreements, financial information, research and development information, sales and marketing information, customer lists, prospect information, pipeline reports, sales reports, operational and personnel information, specifications, code, software,
databases, computer-recorded information, tangible property and equipment (including, but not limited to, computers, facsimile machines, mobile telephones, servers), credit cards, entry cards, identification badges and keys; and any materials of any
kind which contain or embody any proprietary or confidential information of the Company (and all reproductions thereof in whole or in part). You agree that you will make a diligent search to locate any such documents, property and information. If
you have used any personally owned computer, server, or e-mail system to receive, store, review, prepare or transmit any Company confidential or proprietary data, materials or information, within twenty (20) days after the Separation Date, you
shall provide the Company with a computer-useable copy of such information and then permanently delete and expunge such Company confidential or proprietary information from those systems; and you agree to provide the Company access to your system as
requested to verify that the necessary copying and/or deletion is done. Your timely compliance with this paragraph is a condition precedent to your receipt of the severance benefits provided under this Agreement. 

 8. Proprietary Information Obligations. You agree to refrain from any use or
disclosure of the Company’s confidential or proprietary information or materials (including, but not limited to, sales and marketing information, customer information, product and manufacturing information, financial information, personnel and
compensation information, and operational and training information). Additionally, you reaffirm and acknowledge your continuing obligations under your Proprietary Information and Inventions Agreement. 

9. Nondisparagement. You agree not to disparage the Company, its officers, directors, employees, shareholders, and agents, and the
Company (through its officers and directors) agrees not to disparage you, in any manner likely to be harmful to his/its business, business reputation, or personal reputation; provided that you and Company will respond accurately and fully to any
question, inquiry or request for information when required by legal process. 
 10. Cooperation and Assistance. You agree
that you will not voluntarily provide assistance, information or advice, directly or indirectly (including through agents or attorneys), to any person or entity in connection with any claim or cause of action of any kind brought against the Company,
nor shall you induce or encourage any person or entity to bring such claims. However, it will not violate this Agreement if you testify truthfully when required to do so by a valid subpoena or under similar compulsion of law. Further, you agree to
voluntarily cooperate with the Company if you have knowledge of facts relevant to any threatened or pending litigation against the Company by making yourself reasonably available without further compensation for interviews with the Company’s
counsel, for preparing for and providing deposition testimony, and for preparing for and providing trial testimony. 
 11. No
Admissions. You understand and agree that the promises and payments in consideration of this Agreement shall not be construed to be an admission of any liability or obligation by the Company to you or to any other person, and that the Company
makes no such admission. 
 12. Release Of Claims. 

(a) General Release. In exchange for the consideration under this Agreement, you hereby generally and completely release the
Company and its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns (collectively, the “Company Released Parties”) of
and from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to or on the date that you sign this Agreement (collectively, the
“Released Claims”). 
 (b) Scope of Release. The Released Claims include, but are not limited to:
(a) all claims arising out of or in any way related to your employment with the Company, or the termination of that employment; (b) all claims related to your compensation or benefits from the Company, including salary, bonuses,
commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company; (c) all claims for breach of contract, wrongful termination, and breach of the implied
covenant of good faith and fair dealing; (d) all tort claims, including claims for fraud, 

 
defamation, emotional distress, and discharge in violation of public policy; and (e) all federal, state, and local statutory claims, including claims for discrimination, harassment,
retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the federal Age Discrimination in Employment Act of 1967 (as amended) (the
“ADEA”), the California Labor Code (as amended), and the California Fair Employment and Housing Act (as amended). 

(c) Excluded Claims. Notwithstanding the foregoing, the following are not included in the Released Claims (the “Excluded
Claims”): (a) any rights or claims for indemnification or contribution otherwise available to you under law or rules of corporate governance with respect to claims by third parties for actions or omissions in your role as an officer of
the Company; (b) any rights which are not waivable as a matter of law; or (c) any claims arising from the breach of this Agreement. In addition, nothing in this Agreement prevents you from filing, cooperating with, or participating in any
proceeding before the Equal Employment Opportunity Commission, the Department of Labor, or the California Department of Fair Employment and Housing, except that you hereby waive your right to any monetary benefits in connection with any such claim,
charge or proceeding. You hereby represent and warrant that, other than the Excluded Claims, you are not aware of any claims you have or might have against any of the Released Parties that are not included in the Released Claims. 

13. ADEA Waiver. You hereby acknowledge that you are knowingly and voluntarily waiving and releasing any rights you may have under
the ADEA, and that the consideration given for the waiver and release you have given in this Agreement is in addition to anything of value to which you were already entitled. You further acknowledge that you have been advised by this writing, as
required by the ADEA, that: (a) your waiver and release do not apply to any rights or claims that may arise after the date you sign this Agreement; (b) you should consult with an attorney prior to signing this Agreement (although you may
voluntarily decide not to do so); (c) you have twenty-one (21) days to consider this agreement (although you may choose voluntarily to sign this Agreement sooner); (d) you have seven (7) days following the date you sign this
Agreement to revoke this Agreement; and (e) this Agreement will not be effective until the date upon which the revocation period has expired, which will be the eighth day after you sign this Agreement. 

14. Section 1542 Waiver. In giving the release herein, which includes claims which may be unknown to you at present, you
acknowledge that you 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 or her favor at the time
of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” 
 You
hereby expressly waive and relinquish all rights and benefits under that section and any law of any other jurisdiction of similar effect with respect to your release of claims herein, including but not limited to your release of unknown claims.

 15. Dispute Resolution. To ensure rapid and economical resolution of any disputes
regarding this Agreement, the parties hereby agree that any and all claims, disputes or controversies of any nature whatsoever arising out of, or relating to, this Agreement, or its interpretation, enforcement, breach, performance or execution, your
employment with the Company, or the termination of such employment, shall be resolved, to the fullest extent permitted by law, by final, binding and confidential arbitration in San Jose, CA conducted before a single arbitrator by JAMS, Inc.
(“JAMS”) or its successor, under the then applicable JAMS arbitration rules. The parties each acknowledge that by agreeing to this arbitration procedure, they waive the right to resolve any such dispute, claim or demand through a trial
by jury or judge or by administrative proceeding. You will have the right to be represented by legal counsel at any arbitration proceeding. The arbitrator shall: (i) have the authority to compel adequate discovery for the resolution of the
dispute and to award such relief as would otherwise be available under applicable law in a court proceeding; and (ii) issue a written statement signed by the arbitrator regarding the disposition of each claim and the relief, if any, awarded as
to each claim, the reasons for the award, and the arbitrator’s essential findings and conclusions on which the award is based. The arbitrator, and not a court, shall also be authorized to determine whether the provisions of this paragraph apply
to a dispute, controversy, or claim sought to be resolved in accordance with these arbitration procedures. Nothing in this Agreement is intended to prevent either you or the Company from obtaining injunctive relief in court to prevent irreparable
harm pending the conclusion of any arbitration. It is further agreed that Company will pay any costs or fees (including but not limited to JAMS filing fees and arbitrator fees) with respect to any arbitration hereunder to the extent they exceed the
costs or fees which you would have to incur to prosecute and/or defend such claims in a court of law. 
 16.
Miscellaneous. This Agreement, including Exhibit A, constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to its subject matter. It is entered into without reliance on any
promise or representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations. This Agreement may not be modified or amended except in a writing signed by both you
and a duly authorized officer of the Company. This Agreement will bind the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, their heirs, successors and
assigns. If any provision of this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement and the provision in question will be modified so as to be
rendered enforceable. This Agreement will be deemed to have been entered into and will be construed and enforced in accordance with the laws of the State of California without regard to conflict of laws principles. Any ambiguity in this Agreement
shall not be construed against either party as the drafter. Any waiver of a breach of this Agreement shall be in writing and shall not be deemed to be a waiver of any successive breach. This Agreement may be executed in counterparts and facsimile
signatures will suffice as original signatures. 
 If this Agreement is acceptable to you, please sign below and return the original to me. You
have twenty-one (21) Calendar Days to decide whether you would like to accept this Agreement, and the Company’s offer contained herein will automatically expire if you do not sign it within this timeframe and return the fully signed Agreement
promptly thereafter. 

 We wish you the best in your future endeavors. 

 

			
	Sincerely,
	
	POWER INTEGRATIONS, INC.
		
	By:	 	 /s/ Balu Balakrishnan

		 	Balu Balakrishnan
		 	President and Chief Executive Officer

 I
HAVE READ, UNDERSTAND AND AGREE FULLY TO THE FOREGOING AGREEMENT: 

 

	
	 /s/ Bill Roeschlein

	Bill Roeschlein
	
	 5/10/10

	Date

 EXHIBIT A 

LETTER OF RESIGNATION 

 May 7, 2010 

Mr. Balu Balakrishnan 
 President and Chief
Executive Officer 
 Power Integrations, Inc. 
  

	Re:	Letter of Resignation 

 Dear Balu:

 I hereby resign from my position as Chief Financial Officer of Power Integrations, Inc., and I hereby resign my employment with the Company,
both effective as of May 7, 2010. 
 I wish you and the Company the best of luck in the future. 

Sincerely, 
 Bill Roeschlein 

Chief Financial OfficerOffer Letter -  Sandeep Nayyar

 Exhibit 10.2 

June 23, 2010 
 Sandeep Nayyar 

Re: Employment Terms 
 Dear
Mr. Nayyar: 
 Power Integrations, Inc. (the “Company”) is pleased to offer you the position of Chief Financial Officer and VP of
Finance on the following terms. This offer is subject to approval of the Company’s Board of Directors (the “Board”). 
 You will
be responsible for the duties assigned to your position and will report directly to me. You will work at our facility located at San Jose, California. Of course, the Company may change your position, duties, and work location from time to time in
its discretion. 
 Your salary initially will be at the rate of $275,000 per year, less payroll deductions and all required withholdings, paid
bi-weekly. 
 You will also be eligible to participate in our Executive Staff Bonus program pursuant to the terms of that program. Your
potential annual target bonus for 2010 will be 3,000 Performance Stock Units (PSUs) which will be prorated to 1,500 PSUs. If Company objectives are met, you will receive a target bonus payout of 100% of your prorated amount. The actual amount paid
could be more or less than your target amount (from zero up to 200% of target) depending on the Company’s actual financial performance. The plan will be in effect from January 1, 2010 through December 31, 2010 and will be based on the
full year financial and operational results of the Company. Currently, the plan is based on a combination of the Company obtaining certain levels of operating income and revenue for the entire year, excluding any extraordinary, one time accounting
items. At this time, 75% of the payout is based on Target Operating Income and 25% is based on Target Revenue. 
 The Company will have the sole
discretion to determine whether you have earned any bonus under this program and to determine the amount of any such bonus. If you leave the Company for any reason prior to end of the bonus year, December 31, 2010, no pro rata bonus will be
earned. 
 Subject to approval by the Board or its Compensation Committee, and pursuant to the Company’s Equity Incentive Plan (the
“Plan”), the Company shall grant you an option to purchase up to 44,000 shares of the Company’s common stock at the fair market value as determined by the Board as of the date of grant (the “Option”) and of the 44,000
shares, the number of shares subject to an incentive stock option shall be the maximum number of shares permitted under the Plan and by applicable law, and the balance of the Option shares shall be a nonqualified option. The Option will be subject
to the terms and conditions of the Plan and your 

 
grant agreement. Your grant agreement will include a four-year vesting schedule. You will be considered an “Insider” for purposes of trading in company securities and are required to
comply with the Power Integrations’ Insider Trading policy. 
 In addition, subject to approval by the Board or its Compensation Committee,
and pursuant to the Plan, the Company shall grant you 22,000 restricted stock units (RSUs). The RSUs will be subject to the terms and conditions of the Plan and your grant agreement. Your RSUs will vest over four years from the date of
hire, with 25% vesting at the end of each year of employment following grant. There is a tax withholding requirement at the time your RSUs vest. 

You will not be eligible for a salary increase or further grants of RSUs or stock options in connection with the 2011 Focal Review. 

In addition, after one year of employment, you will be eligible to participate in the Executive Officers Benefits program pursuant to the terms of that
program. You will be eligible for the following standard Company benefits: medical insurance, vacation, sick leave and holidays. Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your
review. The Company may change compensation and benefits from time to time in its discretion. 
 As a Company employee, you will be expected to
abide by Company policies and procedures, and acknowledge in writing that you have read and will comply with the Company’s Employee Handbook. As a condition of employment, you must read, sign and comply with the attached Employee Proprietary
Information and Inventions Agreement which prohibits unauthorized use or disclosure of Company proprietary information, and you must read, sign and comply with the Company’s Code of Conduct. 

In your role as principal financial and accounting officer of the Company, you understand that you will be certifying the accuracy of the Company’s
financial statements relating to its Securities and Exchange Commission filings, commencing with the filing of the Company’s Quarterly Report on Form 10-Q applicable to the quarter ended June 30, 2010. 

Your employment relationship is at will. You may terminate your employment with the Company at any time and for any reason whatsoever simply by notifying
the Company. Likewise, the Company may terminate your employment at any time, with or without cause or advance notice. Your employment at-will status can only be modified in a written agreement signed by you and by an officer of the Company. As
required by law, this offer is subject to satisfactory proof of your right to work in the United States. 
 This letter, together with your
Employee Proprietary Information and Assignment Agreement, forms the complete and exclusive statement of your employment agreement with the Company. 

The terms in this letter supersede any other agreements or promises made to you by anyone, whether oral or written. This letter agreement cannot be
changed except in a written agreement signed by you and a duly authorized officer of the Company. 
 Please sign and date this letter and the
enclosed Employee Proprietary Information and Inventions Agreement, and return them to me if you wish to accept employment at the Company 

 
under the terms described above. If you accept our offer, your start date will be no later than June 28, 2010. 

We look forward to your favorable reply and to a productive and enjoyable work relationship. 

 

									
	Sincerely,	 		 		 		 	
					
	 /s/ Balu Balakrishnan
	 		 		 		 	
	Balu Balakrishnan	 		 		 		 	
	President and CEO	 		 		 		 	
					
	Accepted:	 		 		 		 	
					
	 /s/ Sandeep Nayyar
	 		 		 	     6/23/10
	 	
	Sandeep Nayyar	 		 		 	Date	 	

  

							
	Start Date:	 	 6/25/10
	 		 	  

Attachment: Proprietary Information and Inventions Agreement 

 EMPLOYEE AGREEMENT REGARDING 

CONFIDENTIALITY AND INVENTIONS 

This Agreement is intended to formalize in writing certain understandings and procedures of Power Integrations, Inc. (the “Company”). I
recognize that the Company is engaged in a continuous program of research, development, and production respecting its business, present and future. 

In return for my new or continued employment by the Company, I acknowledge and agree that: 

1. Previous Work 

All previous work, if any, done by me for the Company relating in any way to the conception, design, development or support of products
for the Company is the property of the Company. 
 2. Confidentiality 

I will maintain in confidence and will not disclose or use, either during or after the term of my employment without the prior express
written consent of the Company, any proprietary or confidential information or know-how belonging to the Company (“Proprietary Information”), whether or not it is in written or permanent form, except to the extent required to perform
duties on behalf of the Company in my capacity as an employee. Proprietary information refers to any information, not generally known in the relevant trade or industry, which was obtain from the Company, or which was learned, discovered, developed,
conceived, originated or prepared by me in the scope of my employment. Such Proprietary Information includes, but is not limited to, software, technical and business information relating to the Company’s inventions or products, research and
development, production processes, manufacturing and engineering processes, machines and equipment, finances, customers, marketing and production and future business plans and any other information which is identified as confidential by the Company.
Upon termination of my employment or at the request of my supervisor before termination, I will deliver to the Company all written and tangible material in my possession incorporating the Proprietary Information or otherwise relating to the
Company’s business. These obligations with respect to Proprietary Information extend to information belonging to customers and suppliers of the Company who may have disclosed such information to me as the result of my status as employee of the
Company. 
 3. Inventions 

(a) Disclosure and Assignment of Inventions 

I will promptly disclose and describe to the Company, and I hereby assign and agree to assign to the Company or its designee, my entire
right, title, and interest in and to, all Inventions which I may solely or jointly conceive, develop or reduce to practice during the period of my employment with the Company (i) which relate at the time of conception or reduction to practice
of the Invention to the Company’s business or actual or demonstrably anticipated research development, or (ii) which were developed on any amount of the Company’s time or with the use of any of the Company’s equipment, supplies,
facilities or trade secret information, or (iii) which resulted from any work I performed for the Company. 

 
However, I do not assign or agree to assign any Inventions relating in any way to the Company’s business or demonstrably anticipated research and development which were made by me prior to
my employment with the Company, which Inventions, if any, are identified on Exhibit A to this Agreement A (which attachment contains no confidential information). I have no rights in any Inventions other than the Inventions specified in
Exhibit A. 
 (b) Definition of Inventions 

As used in this Agreement, the term “Inventions” means any new or useful art, discovery, contribution, finding or improvement,
whether or not patentable, and all related know-how, including but not limited to all designs, trademarks, discoveries, formulae, processes, manufacturing techniques, trade secrets, inventions, improvements, ideas or copyrightable or patentable
works, including all rights to obtain, register, perfect and enforce these proprietary interests. 
 (c) One Year
Presumption 
 I recognize that Inventions relating to my activities while working for the Company and conceived or made
by me, alone or with others, within one year after termination of my employment may have been conceived in significant part while employed by the Company. Accordingly, I agree that such Inventions shall be presumed to have been conceived during my
employment with the company and are to be assigned to the Company unless and until I have established the contrary. 
 (d)
Nonassignable Inventions 
 This Agreement does not apply to an invention which qualifies fully as a nonassignable
invention under the provisions of Section 2870 of California Labor Code. However, I agree to disclose promptly in writing to the Company all Inventions made or conceived by me during the term of my employment and for one (1) year
thereafter, whether or not I believe such Inventions are subject to this Agreement, to permit a determination by the Company as to whether or not the Inventions should be the property of the Company. Any such information will be received in
confidence by the Company. 
 (e) Shop Rights 

I agree that the Company will be entitled to shop rights providing the Company a nonexclusive, royalty- free, and irrevocable (although
nontransferable and nonassignable) license to make, use, and sell any invention or other protectable development (whether patentable or not) conceived or made by me which is not within the scope of Section 3 (a) but which was conceived or
made on the time of the Company or with the use of the facilities or materials of the Company or with the use of proprietary information of the Company. 

4. Company Materials 

Upon termination of my employment with the Company or at any other time upon the Company’s request, I will promptly deliver to the
Company, without retaining any copies, all documents and other materials furnished to me by the Company or prepared by me for the Company. 

 5. Competitive Employment 

During the term of my employment with the Company, I will not engage in any employment, consulting, or other activity in any business
competitive with the Company without the Company’s written consent. 
 6. Non-solicitation 

During the term of my employment with the Company and for a period of two (2) years thereafter, I will not solicit or encourage or
cause others to solicit or encourage, any employees of the Company to terminate their employment with the Company. 

7. Acts to Secure Proprietary Rights 

(a) Further Acts 

I agree to perform, during and after my employment, all acts deemed necessary or desirable by the Company to permit and assist it, at its
expense, in obtaining and enforcing the full benefits, enjoyment, rights and title throughout the world in the Inventions and shop rights hereby assigned to the Company as set forth in Paragraphs 1 and 3 above. Such acts may include, but are not
limited to, execution of documents and assistance or cooperation in the registration and enforcement of applicable patents and copyrights or other legal proceedings. 

(b) Appointments of Attorney-In-Fact 

In the event that the Company is unable for any reason whatsoever to secure my signature to any lawful and necessary document required to
apply for or execute any patent, copyright or other applications with respect to any Inventions (including improvements, renewals, extensions, continuations, divisions or continuations in part thereof), I hereby irrevocably appoint the Company and
its duly authorized officers and agents as my agents and attorneys-in-fact to execute and file any such application and to do all other lawfully permitted acts to further the prosecutions and issuance of patents, copyrights or other rights thereon
with the same legal force and effect as if executed by me. 
 8. No Conflicting Obligations 

My performance of this Agreement and as an employee of the Company does not and will not breach any agreement to keep in confidence
proprietary information, knowledge or data acquired by me prior to my employment with the Company. I will not disclose to the company, or induce the Company to use, any confidential or proprietary information or material belonging to any previous
employer or other person or entity. I am not a party to any other agreement which will interfere with my full compliance with this Agreement. I will not enter into any agreement, whether written or oral, in conflict with the provisions of this
Agreement. 
 9. Survival 

This Agreement (a) shall survive the termination of my employment by the Company, (b) does not in any way restrict my right or
the right of the Company to terminate my employment at any time, for any reason or for no reason, (c) is assignable by the Company, and (d) is binding upon my heirs and legal representatives. 

 10. Specific Performance 

A breach of any of the promises or agreements contained herein will result in irreparable and continuing damage to the Company for which
there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate). 

11. Waiver 

The waiver by Company of a breach of any provision of this Agreement by me will not operate or be construed as a waiver of any other or
subsequent breach by me. 
 12. Unenforceable Provisions 

If any term, provision, covenant or condition of this Agreement shall for any reason be held invalid, void or unenforceable by a court of
competent jurisdiction, the remaining provisions will nevertheless continue in full force and effect and will in no way be affected, impaired or invalidated. 

13. Governing Law 

This Agreement will be construed in accordance with and governed by, the laws of the State of California as applied to transactions taking
place wholly within California between California residents. 
 14. Entire Agreement 

This Agreement represents my entire understanding with the Company with respect to the subject matter of this Agreement and supersedes all
previous understandings, written or oral. This Agreement may be amended or modified only with the written consent of both me and the Company. No oral waive, amendment or modification will be effective under any circumstances whatsoever. 

 

							
		 		 	EMPLOYEE:
			
	Date: 6/23/10	 		 	/s/ Sandeep Nayyar
		 		 	Signature
			
		 		 	Sandeep Nayyar
		 		 	Name of Employee (Print)
			
		 		 	COMPANY:
			
	Date: 6/23/10	 		 	POWER INTEGRATIONS, INC.
				
		 		 	By:	 	/s/ Balu Balakrishnan
		 		 	Title:	 	Chief Executive Officer

  

 
  

 LIMITED EXCLUSION NOTIFICATION 

THIS IS TO NOTIFY you in accordance with Section 2872 of the California Labor Code that the above Agreement between you and the Company does not
require you to assign to the Company, any invention for which no equipment, supplies, facility or trade secret information of the Company was used and which was developed entirely on your own time, and (a) which does not relate (1) to the
business of the Company or (2) to the Company’s actual or demonstrably anticipated research or development, or (b) which does not result from any work performed by you for the Company. This limited exclusion does not apply to any
patent or invention covered by a contract between the Company and the United States or any of its agencies requiring full title to such patent or invention to be in the United States. 

I ACKNOWLEDGE RECEIPT OF A COPY OF THIS NOTIFICATION 

 

	
	
	/s/ Sandeep Nayyar
	Signature
	
	Sandeep Nayyar
	Name of Employee (Print)
	
	Dated: 6/23/10

  

	
	Witnessed by:
	Power Integrations, Inc.
	
	/s/ Balu Balakrishnan
	Representative

 Dated: 6/23/10 

 EXHIBIT A 

PRIOR INVENTIONS

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