Document:

Exhibit 10.1

 

 

 

Silicon Laboratories Inc.

2020 Bonus Plan

 

Overview

 

Silicon Laboratories Inc. (“Silicon Labs”) is committed
to sharing its success with the people who make it possible — the Silicon Labs employees. The purpose of the 2020 Bonus Plan
(the “Plan”) is to encourage the Silicon Labs employees to participate in the achievement of the company’s goals
and to permit Silicon Labs employees to share in the rewards of our success. The term of this Plan is for the 2020 fiscal year.

 

Eligible Employees

 

To be eligible to participate in the Plan, a person must be
a regular full-time or part-time employee of Silicon Labs or one of its wholly-owned subsidiaries and not a participant in any
other bonus plan or cash incentive plan (including any sales commission plan) unless participation under the Plan is permitted
under the terms of such other plan.

 

Bonus Calculation

 

Bonuses and applicable bonus metrics shall be determined by
the Compensation Committee (with respect to executive officers and other members of management designated by the Compensation Committee)
or by the CEO of Silicon Labs after consultation with the Chief People Officer (with respect to other Eligible Employees). Bonuses
may be made dependent on individual or company performance criteria such as, without limitation, adjusted operating income, earnings
per share, revenue, revenue by product area(s), gross margin, gross margin by product area(s) or management-based objectives
such as the introduction of new products. Adjustments may be made from time to time at the sole discretion of the Compensation
Committee (or its designee) to include or exclude certain items in the calculations. An example of a potential adjustment would
be the exclusion of an expense item such as an unusual tax charge.

 

Eligible Earnings

 

Bonuses are paid as a percentage of Eligible Earnings earned
by such employee during the applicable period. Eligible Earnings include only an employee’s base salary or hourly wages,
including such wages earned while on short-term leaves (90 days or less). Eligible Earnings do not include, among other things,
“extra months” bonuses or payments, disability pay for leaves greater than 90 days except as required by local regulation,
personal leave, bonus payments from a previous bonus period or other payments that are taxable but not considered regular base
earnings. For non-exempt employees, overtime pay would be considered Eligible Earnings.

 

Timing of Payments

 

Bonus checks will generally be issued between four and six weeks
after the end of the applicable measurement period but in no event later than the 15th day of the third month following
the end of the applicable measurement period. Bonus payments are not considered earned by the employee until the payment is received.

 

    

     

    

 

 

 

General Provisions

 

		·	Bonuses are subject to all applicable taxes and other
required deductions. Bonus payments are not subject to benefit plan deductions or 401(k) plan contributions.

		·	The Plan will not be available to employees subject
to the laws of any jurisdiction which prohibits any provisions of this Plan or in which tax or other business considerations make
participation impracticable in the judgment of the Compensation Committee.

		·	The Plan does not constitute a guarantee of employment
nor does it restrict Silicon Labs’ rights to terminate employment at any time or for any lawful reason.

		·	The Plan does not create vested rights of any nature
nor does it constitute a contract of employment or a contract of any other kind. The Plan does not create any customary concession
or privilege to which there is any entitlement from year-to-year, except to the extent required under applicable law. Nothing in
the Plan entitles an employee to any remuneration or benefits not set forth in the Plan nor does it restrict Silicon Labs’
rights to increase or decrease the compensation of any employee, except as otherwise required under applicable law.

		·	The Plan shall not become a part of any employment
condition, regular salary, remuneration package, contract or agreement, but shall remain gratuitous in all respects. Bonuses are
not to be taken into account for determining severance pay, termination pay, “extra months” bonuses or payments, or
any other form of pay or compensation.

		·	The Plan is provided at Silicon Labs’ sole
discretion and Silicon Labs may modify or eliminate it at any time, individually or in the aggregate, prospectively or retroactively,
without notice or obligation. In addition, there is no obligation to extend or establish a similar plan in subsequent years.

		·	The Plan shall not be pre-funded. Silicon Labs shall
not be required to establish any special or separate fund or to make any other segregation of assets to assure the payment of bonuses.

		·	All references to a quarterly or annual period refer
to fiscal quarters or years of Silicon Labs.

		·	This Plan constitutes the entire arrangement regarding
the Plan, supersedes any prior oral or written description of the Plan and may not be modified except by a written document that
specifically references this Plan and is signed by the Silicon Labs CEO.

		·	Employees who resign or are terminated prior to the
actual payment of a bonus shall not receive a bonus except in jurisdictions where required by regulation.

		·	Eligible employees who begin employment with Silicon
Labs after the first day of a fiscal period for which a bonus is paid shall be eligible to receive a bonus for such fiscal period.
The bonus will be based on actual Eligible Earnings earned by such employee during such fiscal period.

		·	Employees who are separated from employment with
Silicon Labs due to divestiture, closure, or dissolution of a business are not eligible to receive a bonus except in jurisdictions
where required by regulation.

		·	Independent contractors, consultants, individuals
who have entered into an independent contractor or consultant agreement, temporary employees, contract employees and interns are
not eligible to participate in the Plan.

		·	The bonus for an otherwise eligible employee who
has died prior to the end of a fiscal period while employed will be paid to the decedent’s estate.Exhibit

Exhibit 4.16
DESCRIPTION OF THE REGISTRANT’S SECURITIES 
REGISTERED PURSUANT TO SECTION 12 OF THE 
SECURITIES EXCHANGE ACT OF 1934 
Intel Corporation (“Intel”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”):  our common stock, par value $0.001 per share (the “common stock”).
DESCRIPTION OF COMMON STOCK 
The following summary description sets forth some of the general terms and provisions of the common stock. Because this is a summary description, it does not contain all of the information that may be important to you. For a more detailed description of the common stock, you should refer to the provisions of our third restated certificate of incorporation (the “certificate of incorporation”) and our bylaws, as amended and restated, each of which is an exhibit to the Annual Report on Form 10-K to which this description is an exhibit. 
General
Under the certificate of incorporation, Intel is authorized to issue up to 10 billion shares of common stock with a par value of $0.001 per share and up to 50 million shares of preferred stock with a par value of $0.001 per shares (the “preferred stock”). The shares of common stock currently outstanding are fully paid and nonassessable.  No shares of preferred stock are currently outstanding.  The Board of Directors has the authority to repeal, alter or amend the bylaws or adopt new bylaws, subject to certain limitations set forth in the bylaws. 
No Preemptive, Redemption or Conversion Rights 
The common stock is not redeemable, is not subject to sinking fund provisions, does not have any conversion rights and is not subject to call. Holders of shares of common stock have no preemptive rights to maintain their percentage of ownership in future offerings or sales of stock of Intel. 
Voting Rights
Holders of shares of common stock have one vote per share in all elections of directors and on all other matters submitted to a vote of stockholders of Intel. Holders of shares of common stock do not have cumulative voting rights.
Board of Directors
Our board of directors is not classified.  Our bylaws establish that the size of the whole Board of Directors shall be not less than nine nor more than fifteen, with the exact number of directors to be fixed from time to time within such range by a duly adopted resolution of the Board of Directors. This range cannot be altered without stockholder approval.
No Action by Stockholder Consent
The certificate of incorporation prohibits action that is required or permitted to be taken at any annual or special meeting of stockholders of Intel from being taken by the written consent of stockholders without a meeting. 
Power to Call Special Stockholder Meeting
Under Delaware law, a special meeting of stockholders may be called by our board of directors or by any other person authorized to do so in the certificate of incorporation or bylaws. Pursuant to our bylaws, special meetings of the stockholders may be called, for any purpose or purposes, by the Chairman of the Board of Directors or the Chief Executive Officer or the Board of Directors at any time. In addition, a special meeting of the stockholders of Intel 

shall be called by the Board of Directors upon written request to the Corporate Secretary of one or more stockholders owning in the aggregate not less than fifteen percent (15%) of the outstanding shares entitled to vote on the matter or matters to be brought before the proposed special meeting. 
Proxy Access Nominations
Under our bylaws, a stockholder (or a group of up to 20 stockholders) who has held at least 3% of our common stock for three years or more may nominate a director and have that nominee included in our proxy materials, provided that the stockholder and nominee satisfy the requirements specified in our bylaws. Any stockholder who intends to use these procedures to nominate a candidate for election to the Board of Directors for inclusion in our proxy statement must satisfy the requirements specified in our bylaws.
Dividend Rights
Subject to the preferences applicable to any outstanding shares of preferred stock, the holders of common stock are entitled to receive dividends, if any, as and when declared, from time to time, by our board of directors out of funds legally available therefor. 
Liquidation, Dissolution or Similar Rights
Subject to the preferences applicable to any outstanding shares of preferred stock, upon liquidation, dissolution or winding up of the affairs of Intel, the holders of common stock will be entitled to participate equally and ratably, in proportion to the number of shares held, in the net assets of Intel available for distribution to holders of stock of Intel. 
Forum Selection Clause
Under our bylaws, , unless Intel consents in writing to the selection of an alternative forum, the sole and exclusive forum for making certain types of claims shall be the Delaware Court of Chancery (except that, in the event the Delaware Court of Chancery lacks subject matter jurisdiction over any such action or proceeding, then the sole and exclusive forum for such action or proceeding shall be the federal district court for the District of Delaware). This provision applies to (a) any derivative action or proceeding brought on behalf of Intel, (b) any action asserting a claim of breach of a fiduciary duty owed by any director, officer, employee or agent of Intel to Intel or our stockholders, including a claim alleging the aiding and abetting of such a breach of fiduciary duty, (c) any action asserting a claim arising pursuant to any provision of the Delaware General Corporation Law or Intel’s certificate of incorporation or bylaws, (d) any action asserting a claim governed by the internal affairs doctrine of the State of Delaware, or (e) any action asserting an “internal corporate claim” as that term is defined in Section 115 of the Delaware General Corporation Law.

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