Document:

Exhibit
      4.5

     

    TRANSWITCH
      CORPORATION

     

    RESTRICTED
      STOCK AWARD

     

    AWARD
      AGREEMENT made this _______ day of ______________, 20__ (the “Effective Date”),
      between TranSwitch Corporation, a Delaware corporation (the “Company”), and
      __________________ (the “Participant”). Unless otherwise defined herein,
      capitalized terms shall have the meanings ascribed to them in the TranSwitch
      Corporation 2008 Equity Incentive Plan (the “Plan”).

     

    WITNESSETH:

     

    WHEREAS,
      the above-named recipient of shares of common stock, $.001 par value per share,
      (the “Common Stock”) of the Company is serving, or will henceforth serve, as an
      employee, officer, director, consultant or advisor of the Company or its
      Subsidiaries or any future parent corporation of the Company (a “Business
      Relationship”); 

     

    WHEREAS,
      the Company wishes for the Participant to have a proprietary interest in the
      Company’s financial success by granting such Participant the right to purchase
      ______ shares of the Company’s Common Stock (the “Restricted Shares”) pursuant
      to the Plan; and

     

    NOW,
      THEREFORE, for good and valuable consideration, receipt and sufficiency of
      which
      are hereby acknowledged, the parties hereto agree as follows:

     

    
      
        ARTICLE
          1.  ACQUISITION
          OF SHARES

      

    

     

    1.1 Purchase
      of Shares.
      The
      Participant shall purchase the Restricted Shares, subject to the terms and
      conditions set forth in this Award Agreement and the Plan, at a purchase price
      of $_______ per Restricted Share. The aggregate purchase price of
      ___________________ Dollars ($________) (the “Purchase Price”) for the
      Restricted Shares shall be paid by the Participant. 

     

    1.2 Stock
      Power.
      Simultaneously with execution of the Award Agreement the Participant shall
      execute the attached Stock Power, attached hereto as Exhibit
      A.
      Upon
      receipt of the Stock Power by the Company for the Restricted Shares, the Company
      shall either (i) issue and hold in escrow one or more certificates, subject
      to
      the restrictive legend described in Section 3.6, in the name of the Participant
      for that number of Restricted Shares purchased by the Participant or (ii)
issue
      the
      Restricted Shares in book entry form, registered in the name of the
      Participant.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      2. COMPANY
      REPURCHASE RIGHT

     

    2.1 Vesting.

     

    (a) In
      the
      event that the Participant ceases to have a Business Relationship with the
      Company, for any reason or no reason, he shall forfeit the Restricted Shares
      that have not vested in accordance with the schedule below (the “Unvested
      Restricted Shares”). If the Participant remains in a Business Relationship with
      the Company through the date set forth in the first column of the table below,
      he shall be vested in that percentage of the Restricted Shares as set forth
      in
      the second column of the table below (the “Vested Shares”). The Company shall
      repurchase (the “Repurchase Right”) from the Participant, for the original sale
      price under Article 1 above (the “Purchase Price”), the Unvested Restricted
      Shares calculated as set forth in the second column of the table below. In
      no
      event shall the Repurchase Right obligate the Company to purchase from the
      Participant any Vested Shares.

     

    [SAMPLE
      4 YR VESTING SCHEDULE]

     

    
      
        	
                If
                  Cessation of Business Relationship Occurs:

              	 	
                Percentage
                  of Restricted Shares Vested

              
	 	 	 
	
                Prior
                  to the one year anniversary of Effective Date:

              	 	
                -

              
	 	 	 
	
                On
                  or after the one year anniversary of the Effective Date:

              	 	
                -

              
	 	 	 
	
                The
                  last day of each month following the one year anniversary of the
                  Effective
                  Date:

              	 	
                -

              
	 	 	 
	
                The
                  last day of the __th month following the Effective Date:

              	 	
                100%

              

      

    

     

    (b) For
      purposes of this Award Agreement, a Business Relationship with the Company
      shall
      include a Business Relationship with an affiliate or subsidiary of the Company
      (i.e., any business organization controlling, controlled by, or under common
      control with, the Company).

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.2 Exercise
      of Repurchase Right and Closing.

     

    (a) The
      Company shall exercise the Repurchase Right by delivering or mailing to the
      Participant (or his estate), in accordance with Section 3.8, written notice
      of
      exercise within 30 days after the termination of the Business Relationship
      of
      the Participant with the Company.

     

    (b) Within
      10
      days after his receipt of the Company’s notice of the exercise of the Repurchase
      Right pursuant to subsection 2.2(a) above, the Participant (or his estate or
      escrow agent) shall tender to the Company at its principal offices the
      certificate or certificates, if applicable, representing the Unvested Restricted
      Shares which the Company has elected to purchase, duly endorsed in blank by
      the
      Participant or with duly executed stock powers attached thereto, all in form
      suitable for the transfer of such Unvested Restricted Shares to the
      Company.

     

    (c) After
      the
      time at which any Unvested Restricted Shares are required to be delivered to
      the
      Company for transfer to the Company pursuant to subsection (b) above, the
      Company shall not pay any dividend to the Participant on account of such
      Unvested Restricted Shares or permit the Participant to exercise any of the
      privileges or rights of a stockholder with respect to such Unvested Restricted
      Shares, but shall, insofar as permitted by law, treat the Company as the owner
      of such Unvested Restricted Shares.

     

    (d) The
      Company shall not purchase any fraction of an Unvested Restricted Share upon
      exercise of the Repurchase Right, and any fraction of an Unvested Restricted
      Share resulting from a computation made pursuant to Section 2.1 of this Award
      Agreement shall be rounded to the nearest whole Unvested Restricted Share (with
      any one-half Unvested Restricted Share being rounded upward).

     

    2.3 Restrictions
      on Transfer.
      The
      Participant shall not, during the term of this Award Agreement, sell, assign,
      transfer, pledge, hypothecate or otherwise dispose of, by operation of law
      or
      otherwise (collectively “transfer”), any of the Restricted Shares, or any
      interest therein. 

     

    2.4 Market
      “Stand-Off” Agreement.
      The
      Participant hereby agrees that, during the period of duration (not to exceed
      one
      hundred eighty (180) days) specified by the Company and an underwriter of Common
      Stock or other securities of the Company, following the effective date of a
      registration statement of the Company filed under the Act, such Participant
      shall not, to the extent requested by the Company and such underwriter, directly
      or indirectly sell, offer to sell, contract to sell (including without
      limitation, any short sale), grant any option to purchase or otherwise transfer
      or dispose of (other than to donees who agree to be similarly bound) any
      securities of the Company held by the Participant at any time during such period
      except shares included in such registration; provided, however, that all
      officers and directors of the Company enter into similar agreements. The market
      “stand-off” agreement established pursuant to this Section 2.4 shall have
      perpetual duration.

     

    2.5 Transfers
      in Violation of this Award Agreement.
      If any
      transfer of the Restricted Shares or Vested Shares is made or attempted contrary
      to the provisions of this Award Agreement, the Company shall have the right
      to
      purchase the Restricted Shares or Vested Shares, as applicable, from the owner
      thereof or his transferee at any time before or after the transfer, as herein
      provided. In the event that the Company elects to exercise its Repurchase Right
      hereunder, it may do so by canceling the certificate(s) representing the
      Restricted Shares and depositing the purchase price, which shall be the Purchase
      Price, in a bank account for the benefit of Participant, whereupon such
      Restricted Shares or Vested Shares, as applicable, shall be, for all purposes,
      canceled and neither the Participant nor any transferee shall have any rights
      as
      one of its stockholders with respect to such Restricted Shares or Vested Shares,
      as applicable, for any purpose, including without limitation dividend and voting
      rights, until there has been compliance with all applicable provisions of this
      Award Agreement. In addition to any other legal or equitable remedies which
      it
      may have, the Company may enforce its rights by actions for specific performance
      (to the extent permitted by law).

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        ARTICLE
          3.  MISCELLANEOUS

      

    

     

    3.1 Adjustments
      for Stock Splits, Stock Dividends, etc.
      If from
      time to time during the term of the Repurchase Right there is any stock
      split-up, stock dividend, stock distribution or other reclassification of the
      Common Stock of the Company, any and all new, substituted or additional
      securities to which the Participant is entitled by reason of his or her
      ownership of the Restricted Shares shall be immediately subject to the
      Repurchase Right, the restrictions on transfer and the other provisions of
      this
      Award Agreement in the same manner and to the same extent as the Restricted
      Shares, and the Purchase Price shall be appropriately adjusted.

     

    3.2 Investment
      and Tax Representations.
      The
      Participant represents, warrants and covenants as follows:

     

    (a) He
      has
      had such opportunity as he has deemed adequate to obtain from representatives
      of
      the Company such information as is necessary to permit him to evaluate the
      merits and risks of an investment in the Company. The Participant acknowledges
      that certain of such information may be forward-looking and is therefore
      speculative and subject to known and unknown risks and uncertainties and other
      factors which may cause the actual performance of the Company to be materially
      and adversely different from any performance expressed or implied by such
      forward-looking statements.

     

    (b) He
      has
      sufficient experience in business, financial and investment matters to be able
      to evaluate the risks involved in an investment in the Restricted Shares and
      to
      make an informed investment decision with respect to such
      investment.

     

    (c) He
      can
      afford the complete loss of the value of the Restricted Shares and is able
      to
      bear the economic risk of holding such Restricted Shares for an indefinite
      period of time.

     

    (d) He
      understands that (i) the federal income tax consequences to the Participant
      of
      the purchase and sale of the Shares will vary depending upon whether the
      Participant makes an election under Section 83(b) of the Internal Revenue Code
      of 1986, as amended (the "Code"), (ii) the Participant understands that the
      Company is not providing the Participant with any advice as to whether to make
      such election, (iii) the Participant has been advised to seek, and has sought,
      the counsel of his or his own tax advisor as to whether, where and how to make
      such election, (iv) such election, if made, must be filed with the Internal
      Revenue Service within 30 days of the date of this Award Agreement, and (v)
      the
      Participant must notify the Company upon making such election. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.3 Withholding
      Taxes.

     

    (a) The
      Participant acknowledges and agrees that the Company has the right to deduct
      from payments of any kind otherwise due to the Participant any federal, state
      or
      local taxes of any kind required by law to be withheld with respect to the
      purchase of the Restricted Shares by the Participant.

     

    (b) If
      the
      Participant elects, in accordance with Section 83(b) of the Internal Revenue
      Code of 1986, as amended, to recognize ordinary income in the year of
      acquisition of the Restricted Shares, the Company will require at the time
      of
      such election an additional payment for withholding tax purposes based on the
      difference, if any, between the purchase price for such Restricted Shares and
      the fair market value of such Restricted Shares as of the date of the purchase
      of such Restricted Shares by the Participant.

     

    3.4 No
      Rights to Business Relationship.
      THE
      PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO
      THE
      VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING IN THE
      BUSINESS RELATIONSHIP AT THE WILL OF THE COMPANY (NOT THROUGH THE
      ACT OF
      BEING ENGAGED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER).
      PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE
      TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN
      DO
      NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT FOR THE
      VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY
      WITH THE PARTICIPANT'S RIGHT OR THE COMPANY'S RIGHT TO TERMINATE THE
      BUSINESS RELATIONSHIP AT ANY TIME, WITH OR WITHOUT CAUSE.

     

    3.5 Waiver;
      Disposition of Stock.
      From
      time to time the Company may waive its rights hereunder either generally or
      with
      respect to one or more specific transfers which have been proposed, attempted
      or
      made. All action to be taken by the Company hereunder shall be taken by vote
      of
      a majority of its disinterested members of the Board of Directors then in
      office. Any Restricted Shares which the Company has elected to purchase
      hereunder may be disposed of by the Board of Directors in such manner as it
      deems appropriate, with or without further restrictions upon the transfer
      thereof.

     

    3.6 Restrictive
      Legends.
      All
      certificates representing Restricted Shares shall have affixed thereto legends
      in substantially the following form:

     

    “The
      shares of stock represented by this certificate are subject to restrictions
      on
      transfer and an option to purchase set forth in a certain Restricted Stock
      Agreement between the corporation and the registered owner of this certificate
      (or his predecessor in interest), and such Agreement is available for inspection
      without charge at the office of the Secretary of the Corporation.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.7 Successors
      and Assigns; Assignment.
      This
      Award Agreement and the Plan shall be binding upon the parties hereto and their
      heirs, representatives, successors and assigns. The Company may assign its
      rights hereunder either generally or from time to time.

     

    3.8 Notices.
      All
      notices to a party hereto shall be in writing and shall be deemed to have been
      adequately given if delivered in person or if given by registered or certified
      mail, postage prepaid:

     

    If
      to the
      Company:

     

    TranSwitch
      Corporation

    Three
      Enterprise Drive

    Shelton,
      CT 06484

    Attn:
      Vice President, Human Resources

     

    If
      to the
      Participant:

     

    or
      to
      such other address as any party may from time to time designate for itself
      by
      notice in writing given to the other parties hereto.

     

    3.9 Term
      and Termination.
      This
      Award Agreement shall remain in effect until all Repurchase Rights have expired
      under Section 2.1 above.

     

    3.10 Amendments.
      This
      Award Agreement may be amended or modified in whole or in part only by an
      instrument in writing signed by the Company and the Participant. 

     

    3.11 The
      Plan.
      The
      Plan is incorporated herein by reference. The Participant acknowledges receipt
      of a copy of the Plan and represents that he or she is familiar with the terms
      and provisions thereof, and hereby accepts the Restricted Shares subject to
      all
      of the terms and provisions thereof. Participant has reviewed the Plan and
      this
      Award Agreement in their entirety. the Participant hereby agrees to accept
      as
      binding, conclusive and final all decisions or interpretations of the Board
      of
      Directors upon any questions arising under the Plan or this Award Agreement.
      

     

    3.12 Entire
      Agreement.
      This
      Award Agreement and Exhibits thereto and the Plan constitute the entire
      agreement between the parties, and all premises, representations,
      understandings, warranties and agreements with reference to the subject matter
      hereof have been expressed herein or in the documents incorporated herein by
      reference.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.13 Applicable
      Law; Severability.
      This
      Award Agreement shall be governed by and construed and enforced in accordance
      with the laws of the state of incorporation of the Company. Wherever possible,
      each provision of this Award Agreement shall be interpreted in such manner
      as to
      be effective and valid under applicable law, but if any provision hereof shall
      be prohibited by or invalid under any such law, that provision shall be
      ineffective only to the extent of such prohibition or invalidity, without
      invalidating or nullifying the remainder of that provision or any other
      provisions of this Award Agreement.

     

    3.14 Counterparts.
      This
      Award Agreement may be executed in multiple counterparts, each of which shall
      be
      deemed in original but all of which together shall constitute one and the same
      instrument.

     

    3.15 Effect
      of Heading.
      Any
      table of contents, title of any article or section heading herein contained
      is
      for convenience or reference only and shall not affect the meaning of
      construction of any of the provisions hereof.

     

    3.16 Construction.
      In this
      Award Agreement references to the masculine gender shall include the feminine
      and neuter genders and vice versa.

     

    [Remainder
      of Page Intentionally Left Blank]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Participant has hereunto set his hand and the Company
      has
      authorized this Award Agreement to be signed by its officers thereunto duly
      authorized, effective as an instrument under seal.

     

    
      	
              PARTICIPANT

            	 	
              TRANSWITCH
                CORPORATION

            
	 	 	 
	 	 	 
	
              Signature

            	 	
              By

            
	 	 	 
	 	 	 
	
              Print
                Name

            	 	
              Title

            
	 	 	 
	 	 	 
	 	 	 
	
              Residence
                Address

            	 	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

     

    IRREVOCABLE
      STOCK POWER

     

    FOR
      VALUE
      RECEIVED, the undersigned does hereby sell, assign and transfer to
      ___________________

     

    _____________
      shares of the common stock, $.001 par value per share, of TranSwitch Corporation
      represented by Certificate(s) No (s). ______ inclusive, standing in the name
      of
      the undersigned on the books of said Company.

     

    The
      undersigned does hereby irrevocably constitute and appoint ______________
      _________________________ attorney to transfer the said stock, as the case
      may
      be, on the books of said Company, with full power of substitution in the
      premises.

     

    
      	 Dated:
	
               
                

            	
              (x)
                 

            	 

	 	 	 	 
	 	 	 	
              PERSON
                EXECUTING THIS POWER SIGN HERE

            

    

     

    
      	
              IMPORTANT
                - READ CAREFULLY

               

              The
                signature(s) to this Power must correspond with the name(s) as written
                upon the face of the certificate(s) in every particular without
                alternation or enlargement or any change whatever. 

            	 

    

     

    
      	 
	 
	
              IMPRINT
                SIGNATURE MEDALLION HEREUnassociated Document

    Exhibit
      4.6

    

    TRANSWITCH
      CORPORATION

    102
      Restricted Stock Award Agreement

    

    TranSwitch
      Corporation, a Delaware corporation (the “Company”),
      hereby issues as of XXXX XX, XXXX to XXX XXXX (the “Participant”),
      XXXX
      shares (the “Shares”)
      of its
      Common Stock, $ 0.001 par value each (“Common
      Stock”),
      for
      no consideration, on the following terms and conditions:

    

    1. Issuance
      Under 2008 Stock Plan.
      The
      Shares are issued pursuant to, and are governed by, the Company’s 2008 Stock
      Plan and its addendum for Israeli participants (together, the “Plan”)
      and,
      unless the context otherwise requires, terms used herein shall have the same
      meaning as in the Plan. Determinations made in connection with the Shares
      pursuant to the Plan shall be governed by the Plan as it exists on this date.
      The Plan is held by the Company, and the Participant is encouraged to thoroughly
      review its terms and provisions.

    

    2.  Issuance
      as Section 102 Shares.
      This
      Share Award is subject to the provisions of Section 102 of the Israeli
      Income Tax Ordinance [New version], 1961 (the “Ordinance”
and
      “Section
      102”,
      respectively), as well as the Income Tax Rules (Tax Relief in Issuance of Shares
      to Employees), 2003 (the “102
      Rules”),
      promulgated thereunder. A copy of the complete version of Section 102 and
      the 102 Rules as currently in effect may be reviewed at TranSwitch Israel’s
      office and shall be delivered to the Participant upon his request by the
Company.

    

    Accordingly,
      the Company elected the Capital Gains Route of Section 102(b)(2) of the
      Ordinance (the “Capital
      Gains Route”)
      for
      the purpose of the taxation of Participant’s income from the Shares. In general,
      taxable income that should be attributed to the Participant as a result of
      the
      Issuance of the Shares will be tax-free on the date of grant, but will be taxed
      on the sale of the Shares or transfer of such Shares from the Trustee (as
      defined in the Plan) to the Participant (a “Transfer”).
      In
      accordance with the Capital Gains Route, if the Shares are held in trust by
      the
      Trustee (see Section 3 below) until the end of the Holding Period (as defined
      in
      the Plan), gains derived from the sale of Shares shall be classified as capital
      gains and taxed at a rate of only 25%; Except
      for
      the
      benefit derived at the time of issuance of the Shares,
      equal
      to the difference between (a) the average closing price of the Company’s share
      of Common Stock on NASDAQ during 30 trading days prior to the date of issuance
      of such Shares, and (b) the purchase price per Share, if any. Such benefit
      shall
      be subject to tax at the time of sale of the Shares, or a Transfer, as ordinary
      work income (i.e. at marginal tax rates (up to 47% in 2008) plus social security
      and national health insurance payments). 

    

    At
      the
      time of sale of the Shares or a Transfer, the Participant shall be subject
      to
      tax, which will be calculated, in general, according to difference between
      (a)
      the market price (or the actual sale price) of the Shares at such time, and
      (b)
      the consideration paid by the Participant, if any, in connection with the
      issuance of the Shares,1.
      Such
      tax shall be withheld at source by TranSwitch (Israel) Ltd. (“TranSwitch
      Israel”),
      in
      accordance with the provisions of the 102 Rules, and the issuance of Shares
      to
      the Participant is conditioned upon the payment of such tax, if and when due.
      

    
       

      
        

      

      
        	1	
                The
                  above tax description is a general summary only and does not refer
                  to
                  expenses involved with the sale of Shares or changes in the Israeli
                  Consumer Price Index or in currency exchange rates, which may impact
                  the
                  final tax calculation.

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
      Participant shall not be entitled to sell the Shares or to execute a Transfer,
      prior to the lapse of the Holding Period. Furthermore, any and all rights issued
      in respect of the Shares, including bonus shares (“Rights”(,
      shall
      be deposited with the Trustee and held thereby until the lapse of the Holding
      Period, and such Rights shall be subject to the Capital Gains Route.
Notwithstanding
      the aforesaid, the Participant may sell Shares or Rights or execute a Transfer
      prior to the lapse of the Holding Period,
      provided, however, that tax is withheld at source by TranSwitch Israel in
      accordance with the 102 Rules. In such case, the Participant’s gains shall be
classified
      as ordinary work income and the Participant shall be subject to tax on such
      income at marginal tax rates (up to 47% in 2008) plus social security and
      national health insurance payments.
      

    

    THE
      PARTICIPANT IS ADVISED TO CONSULT WITH A TAX ADVISER WITH RESPECT TO THE TAX
      CONSEQUENCES  RELATED
      TO THE ISSUANCE OF THE SHARES, AND/OR THEIR DISPOSITION.

     

    3. Trust.
      To
      secure performance of tax law requirements, the Shares awarded to the
      Participant according to this 102 Restricted Stock Award Agreement (the
“Agreement”)
      will
      be held in trust by the Trustee that was approved for this purpose by the tax
      authorities, who shall release them to the Participant only upon full compliance
      with the legal requirements and the terms of the Plan. For this purpose, a
      trust
      deed was signed between TranSwitch Israel and the Trustee, a copy of which
      is
      attached hereto as “Exhibit
      A”
      (the
“Trust
      Deed”).
      The
      conditions of the Trust Deed apply to the Shares awarded to the Participant;
      thus, the Participant is required to carefully read the provisions of the said
      Trust Deed.

    

    4.  [Reserved].
      

    

    5.  No
      Obligation to Continue Business Relationship.
      Neither
      the Plan, this Agreement, nor the issuance of these Shares imposes any
      obligation on the Company or any Subsidiary to continue to maintain a business
      relationship or any other relationship with the Participant.

    

    6.  Capital
      Changes and Business Successions.
      The Plan
      contains provisions covering the treatment of Shares in a number of
      contingencies such as Change of Control. Provisions in the Plan for adjustment
      with respect to the Shares and the related provisions with respect to successors
      to the business of the Company are hereby made applicable hereunder and are
      incorporated herein by reference.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    7.  Lock-Up
      Period.
      Participant hereby agrees that, if so requested by the Company or any
      representative of the underwriters (the “Managing
      Underwriter”)
      in
      connection with any registration of the offering of any securities of the
      Company under the Securities Act, Participant shall not sell or otherwise
      transfer any Shares or other securities of the Company during the 180-day period
      (or such other period as may be requested in writing by the Managing Underwriter
      and agreed to in writing by the Company) (the “Market
      Standoff Period”)
      following the effective date of a registration statement of the Company filed
      under the Securities Act. The Company may impose stop-transfer instructions
      with
      respect to securities subject to the foregoing restrictions until the end of
      such Market Standoff Period. 

    

    8.  Withholding
      Taxes.
      If the
      Company or any Subsidiary in its discretion determines that it is obligated
      to
      withhold any tax in connection with the issuance and/or transfer of the Shares,
      or the making of a distribution or other payment with respect to the Shares,
      the
      Participant hereby agrees that the Company or any Subsidiary may withhold from
      the Participant’s wages or other remuneration the appropriate amount of tax. At
      the discretion of the Company or any Subsidiary, the amount required to be
      withheld may be withheld in cash from such wages or other remuneration or in
      kind from the Common Stock or other property otherwise deliverable to the
      Participant upon issuance of the Shares. The Participant further agrees that,
      if
      the Company or any Subsidiary does not withhold an amount from the Participant’s
      wages or other remuneration sufficient to satisfy the withholding obligation
      of
      the Company or any Subsidiary, the Participant will make reimbursement on
      demand, in cash, for the amount underwithheld.

    

    9. Provision
      of Documentation to Participant.
      By
      signing this Agreement the Participant acknowledges receipt of a copy of this
      Agreement and a copy of the Plan. It is hereby clarified that reading this
      Agreement is not, and cannot be, a substitute for the full and thorough reading
      of the Plan and the Trust Deed. The Plan and the Trust Deed include important
      details that the Participant should know and understand. In any case of
      contradiction between the aforesaid in this Agreement and the Plan, or in any
      case of dispute on any of the issues discussed in this Agreement, the provisions
      of the Plan shall prevail. Participant hereby agrees to accept as binding,
      conclusive and final all decisions or interpretations of the Board upon any
      questions arising under the Plan. Participant further agrees to notify the
      Company upon any change in the residence address indicated below.

    

    10. Miscellaneous.

    

    (a) Notices:
      All
      notices hereunder shall be in writing and shall be deemed given when sent by
      certified or registered mail, postage prepaid, return receipt requested, to
      the
      address set forth below. The addresses for such notices may be changed from
      time
      to time by written notice given in the manner provided for herein.

    

    (b) Entire
      Agreement; Modification:
      The Plan
      is incorporated herein by reference. The Plan and this Agreement constitute
      the
      entire agreement between the parties relative to the subject matter hereof,
      and
      supersedes all proposals, written or oral, and all other communications between
      the parties relating to the subject matter of this Agreement. This Agreement
      may
      be modified, amended or rescinded only by a written agreement executed by both
      parties.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (c) Severability:
      The
      invalidity, illegality or unenforceability of any provision of this Agreement
      shall in no way affect the validity, legality or enforceability of any other
      provision.

    

    (d) Successors
      and Assigns:
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and assigns.

    

    (e) Governing
      Law:
      This
      Agreement shall be governed by and interpreted in accordance with the laws
      of
      the State of Delaware, without giving effect to the principles of the conflicts
      of laws thereof, except to the extent that mandatory provisions of the laws
      of
      the State of Israel apply. The preceding choice of law provision shall apply
      to
      all claims, under any theory whatsoever, arising out of the relationship of
      the
      parties contemplated herein.

    

    

    IN
      WITNESS WHEREOF, the Company and the Participant have caused this instrument
      to
      be executed as of the date first above written.

    

      
        	 	
                TranSwitch
                  Corporation

              
	 	
                3
                  Enterprise Drive

              
	 	
                Shelton,
                  Connecticut 06484

              
	 	 
	 	
                By: 

              	 

      

    

     

    Consent:

    I
      hereby
      approve and agree to all the terms and conditions aforesaid in this 102
      Restricted Stock Award Agreement and the Trust Deed attached thereto, and I
      declare that I am familiar with the provisions of Section 102 and the Capital
      Gains Route. I hereby undertake not to sell or transfer the Shares prior to
      the
      lapse of the Holding Period (as defined in the Plan), unless I pay all taxes,
      which may arise in connection with such sale and/or transfer.

    

      
        	 	 
	
                Participant

              	 
	 	 
	
                Print
                  Name of Participant

              	 
	 	 
	 	 
	
                Street
                  Address

              	 
	 	 
	 	 
	
                City         State  Zip Code

              	 
	
                Exhibit
                  A - Trust Deed

              	 

      

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Attached:

    Exhibit
      A – Trust Deed

     

    
      
        
        

      

      
        5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]