Document:

1995 Employee Stock Option Plan, as amended August 8, 2003

 EXHIBIT 4.1 
  

CALIFORNIA MICRO DEVICES CORPORATION 
  
 1995 EMPLOYEE STOCK OPTION PLAN 
 AMENDED AS OF JULY 26, 1996, AMENDED AS OF JULY 18, 1997, AMENDED AS OF AUGUST 7, 1998, AMENDED AS OF AUGUST 1, 2000, AMENDED AS OF AUGUST 7, 2001, AMENDED AS OF AUGUST 7, 2002, AND AMENDED AS OF AUGUST 8, 2003 
  
 1. PURPOSE. 
  
 The purpose of the CALIFORNIA MICRO DEVICES CORPORATION 1995 Employee Stock Option Plan (the “Plan”) is to advance
the interests of the Corporation and its shareholders by providing a means by which the Corporation and its Subsidiaries shall be able to attract and retain qualified employees and consultants. 
  
 2. DEFINITIONS. 
  
 (a) “Affiliate” shall mean any corporation (other than the Corporation) in an unbroken chain of
corporations that includes the Corporation if each of such corporations, other than the last corporation in the chain, owns at least 50% of the total voting power of one of the other corporations. 
  
 (b) “Affiliated Group” shall mean an affiliated group of
corporations, as defined in Code Section 1504, which includes the Corporation. 
  
 (c) “Board” shall mean the Board of Directors of the Corporation. 
  
 (d) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 (e) “Committee” shall mean the committee appointed by the Board, in accordance with Section 3(a) hereof, to
administer the Plan. 
  
 (f) “Common Stock” shall
mean the voting common stock of the Corporation. 
  
 (g)
“Consultant” shall mean any person who, or any employee of any firm which, is engaged by the Company or any Affiliate to render consulting services. 
  
 (h) “Corporation” shall mean CALIFORNIA MICRO DEVICES CORPORATION, a California corporation. 
  
 (i) “Effective Date” shall mean February 10, 1995.

  
 (j) “Employee” shall mean any individual who
is employed, within the meaning of Section 3401 of the Code and the regulations thereunder, by the 

 Corporation or by any Affiliate. For purposes of the Plan and only for purposes of the Plan, and in regard to
Nonstatutory Stock Options but not for Incentive Stock Options, a Consultant of the Corporation or any Affiliate shall be deemed to be an Employee, and service as a Consultant with the Corporation or any Affiliate shall be deemed to be employment,
but no Incentive Stock Option shall be granted to a Consultant who is not an employee of the Corporation or any Affiliate within the meaning of Section 3401 of the Code and the regulations thereunder. In the case of a Consultant, the provisions
governing when a termination of employment has occurred for purposes of the Plan shall be set forth in the written stock option agreement between the Optionee and the corporation, or, if not so set forth, the Committee shall have the discretion to
determine when a termination of “employment” has occurred for purposes of the Plan. 
  
 (k) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
  
 (l) “Exercise Price” shall mean the price per Share at which an Option may be exercised, as determined by the Committee and as specified
in the Optionee’s stock option agreement. 
  
 (m)
“Fair Market Value” shall mean the value of one Share of Common Stock, determined as follows: (i) if the Shares are traded on an exchange or on the NASDAQ National Market System, the reported “closing price” on the date of
valuation or if no trading occurred on such date, the next preceding day on which trading occurred; (ii) if the Shares are traded over-the-counter on the NASDAQ System (other than on the NASDAQ National Market System), the mean between the bid and
the ask prices on said System at the close of business on the date of valuation or if no trading occurred on such date, the next preceding day on which trading occurred; and (iii) if neither (i) nor (ii) applies, the fair market value as determined
by the Committee in good faith. Such determination shall be conclusive and binding on all persons. 
  
 (n) “Incentive Stock Option” shall mean an Option of the type described in Section 422(b) of the Code. 
  
 (o) “Nonstatutory Stock Option” shall mean an Option of the
type not described in Section 422(b) or 423(b) of the Code. 
  
 (p) “Option” shall mean an option to purchase Common Stock granted pursuant to the Plan. 
  
 (q) “Optionee” shall mean any person who holds an Option pursuant to the Plan. 
  
 (r) “Outside Director” shall mean a non-employee member of
the Board who (1) is not a current employee of any member of the Affiliated Group; (2) does not receive compensation for prior services (other than benefits under a tax-qualified retirement plan) from any member of the Affiliated Group during a
taxable year in which 
  

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 he or she serves on the Committee; (3) has never been an officer of any member of the Affiliated Group; and (4) does not
receive remuneration from any member of the Affiliated Group, either directly or indirectly, in any capacity other than as a director. 
  
 (s) “Plan” shall mean this stock option plan as it may be amended from time to time. 
  
 (t) “Purchase Price” shall mean at any particular time the
Exercise Price times the number of Shares for which an Option is being exercised. 
  
 (u) “Share” shall mean one share of authorized Common Stock. 
  
 3. ADMINISTRATION. 
  
 (a)
The Committee. 
  
 The Plan shall be administered by a Committee
of Outside Directors which shall consist of not less than two members, who during the one year prior to service as an administrator of the Plan, shall not have been granted or awarded equity securities pursuant to the Plan or any other plan of the
Corporation or any of its Affiliates except as permitted under Rule 16b-3 under the Exchange Act. The Board may from time to time designate individuals as ineligible to participate in the Plan for a specified period in order to become eligible to be
a member of the Committee. 
  
 (b) Powers of the Committee.

  
 Subject to the provisions of the Plan, the Committee shall
have the authority, in its discretion and on behalf of the Corporation: 
  
 (i) to grant Options; 
  
 (ii) to determine the Exercise
Price per Share of Options to be granted; 
  
 (iii) to determine
the Employees to whom, and the time or times at which, Options shall be granted and the number of Shares for which an Option will be exercisable; 
  
 (iv) to interpret the Plan; 
  
 (v) to prescribe, amend, and rescind rules and regulations relating to the Plan; 
  
 (vi) to determine the terms and provisions of each Option granted and, with the consent of the holder thereof, modify or
amend each Option; 
  
 (vii) to accelerate or defer, with the
consent of the Optionee, the exercise date of any Option; 
  
 (viii) to authorize any person to execute on behalf of the Corporation any instrument required to effectuate the grant of an Option previously granted by the Committee; 
  
 (ix) with the consent of the Optionee, to reprice, cancel and regrant, or otherwise adjust the Exercise Price of an Option
previously granted by the Committee; and 
  
 (x) to make all other
determinations deemed necessary or advisable for 
  

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 the administration of the Plan. 
  
 (c) Board’s Determination of Fair Market Value. 
  
 The Board shall have the authority to determine, upon review of relevant information, the Fair Market Value of the Common
Stock, subject to the provisions of the Plan and irrespective of whether the Board has appointed a Committee to administer the Plan. The Board may delegate this authority to the Committee. 
  
 (d) Committee’s Interpretation of the Plan. 
  
 The interpretation and construction by the Committee of any provision of the
Plan or of any Option granted hereunder shall be final and binding on all parties claiming an interest in an Option granted under the Plan. No member of the Committee shall be liable for any action or determination made in good faith with respect to
the Plan or any Option. 
  
 4. PARTICIPATION. 
  
 (a) Eligibility. 
  
 The Optionees shall be such persons as the Committee may select from among
the Employees, provided that Consultants are not eligible to receive Incentive Stock Options. Non-employee members of the Board are not eligible for grants of Options. 
  
 (b) Ten Percent Shareholders. 
  
 Any Employee who owns Stock possessing more than 10% of the total combined voting power of all classes of outstanding stock of the Corporation or any
Affiliate shall not be eligible to receive an Option unless: 
  
 (i) the Exercise Price of the Shares subject to such Option when granted is at least 110% of the Fair Market Value of such Shares, and 
  
 (ii) such Option by its terms is not exercisable after the expiration of five years from the date of grant. 
  
 (c) Stock Ownership. 
  
 For purposes of Paragraph 4(b), in determining stock ownership, an Employee
shall be considered as owning the stock owned, directly or indirectly, by or for his or her brothers and sisters, spouse, ancestors, and lineal descendants. Stock owned, directly or indirectly, by or for a corporation, partnership, estate, or trust
shall be considered as being owned proportionately by or for its shareholders, partners, or beneficiaries, respectively. Stock with respect to which such Employee or any other person holds an option shall be disregarded. 
  
 (d) Outstanding Stock. 
  
 For purposes of Section 4(b), the term “outstanding stock” shall
include all stock actually issued and outstanding immediately after the grant of the Option to the Optionee but shall not include any share for which an Option is exercisable by any 
  

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 person. 
  
 5. STOCK. 
  
 (a) Shares Subject to This Plan. 
  
 The aggregate number of Shares which may be issued upon exercise of Options under the Plan shall not exceed four million seven hundred forty-five thousand
(4,745,000), subject to adjustment pursuant to Section 9 hereof. 
  
 (b) Options Not to Exceed Shares Available. 
  
 The
number of Shares for which an Option is exercisable at any time shall not exceed the number of Shares remaining available for issuance under the Plan. If any Option expires or is terminated, the number of Shares for which such Option was exercisable
may be made exercisable pursuant to other Options under the Plan. The limitations established by this Section 5(b) shall be subject to adjustment in the manner provided in Section 9 hereof upon the occurrence of an event specified therein.

  
 (c) Limitation on Grants. 
  
 No person shall be granted in any one fiscal year options for more than
500,000 Shares. 
  
 6. TERMS AND CONDITIONS OF OPTIONS. 
  
 (a) Stock Option Agreements. 
  
 Options shall be evidenced by written stock option agreements between the
Optionee and the Corporation in such form as the Committee shall from time to time determine. No Option or purported Option shall be a valid and binding obligation of the Corporation unless so evidenced in writing. 
  
 (b) Number of Shares. 
  
 Each stock option agreement shall state the number of Shares for which the
Option is exercisable and shall provide for the adjustment thereof in accordance with Section 9 hereof. 
  
 (c) Vesting. 
  
 An Optionee may not exercise his or her Option for any Shares until the Option, in regard to such Shares, has vested. Each stock option agreement shall
include a vesting schedule which shall show when the Option becomes exercisable. The vesting schedule shall not impose upon the Corporation or any Affiliate any obligation to retain the Optionee in its employ or under contract for any period or
otherwise change the employment-at-will status of an Optionee who is an employee of the Corporation or any Affiliate. 
  
 (d) Lapse of Options. 
  
 Each stock option agreement shall state the time or times when the Option covered thereby lapses and becomes unexercisable in part or in full. An Option
shall 
  

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 lapse on the earliest of the following events (unless otherwise determined by the Committee and reflected in an option
agreement): 
  
 (i) The tenth anniversary of the date of granting
the Option; 
  
 (ii) The first anniversary of the Optionee’s
death; 
  
 (iii) The first anniversary of the date the Optionee
ceases to be an Employee due to total and permanent disability, within the meaning of Section 22(e)(3) of the Code; 
  
 (iv) On the date provided in Section 6(h)(i), unless with respect to a Nonstatutory Stock Option, the Committee otherwise extends such period before the
applicable expiration date; 
  
 (v) On the date provided in
Section 9 for a transaction described in such Section; 
  
 (vi)
The date the Optionee files or has filed against him or her a petition in bankruptcy; or 
  
 (vii) The expiration date specified in an Optionee’s stock option agreement. 
  
 (e) Exercise Price. 
  
 Each stock option agreement shall state the Exercise Price for the Shares for which the Option is exercisable. Subject to Section 4(b), the Exercise Price
of an Incentive Stock Option and a Nonstatutory Stock Option shall, when granted, be not less than 100% and 85% of the Fair Market Value of the Shares for which the Option is exercisable, respectively, and not less than the par value of the Shares.

  
 (f) Medium and Time of Payment. 
  
 The Purchase Price shall be payable in full in cash upon the exercise of an
Option but the Committee may allow the Optionee to pay the Purchase Price: 
  
 (i) by surrendering Shares in good form for transfer, owned by the Optionee and having a Fair Market Value on the date of exercise equal to the Purchase Price; 
  
 (ii) by delivery of a full recourse promissory note (“Note”) made
by the Optionee in the amount of the Purchase Price, bearing interest, compounded semiannually, at a rate not less than the rate determined under Section 7872 of the Code to insure that no “foregone interest”, as defined in such section,
will accrue, together with the delivery of a duly executed standard form security agreement securing the Note by a pledge of the Shares purchased; or 
  
 (iii) in any combination of such consideration or such other consideration and method of payment for the issuance of Shares to the extent permitted under
applicable law Code as long as the sum of the cash so paid, the Fair Market Value of the Shares so surrendered, and the amount of any Note equals the Purchase Price. 
  
 The Committee or a stock option agreement may prescribe requirements with respect to the exercise of Options, including the
submission by the Optionee of such forms and documents as the Committee may require and, the delivery by the 
  

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 Optionee of cash sufficient to satisfy applicable withholding requirements. The Committee may vary the exercise
requirements and procedures from time to time to facilitate, for example, the broker-assisted exercise of Options. 
  
 (g) Nontransferability of Options. 
  
 During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee or the Optionee’s conservator or legal representative and
shall not be assignable or transferable except pursuant to a qualified domestic relations order as defined by the Code. In the event of the Optionee’s death, the Option shall not be transferable by the Optionee other than by will or the laws of
descent and distribution. 
  
 (h) Termination of Employment Other
than by Death or Disability. 
  
 (i) If an Optionee ceases to be
an Employee for any reason other than his or her death or disability, the Optionee shall have the right, subject to the provisions of this Section 6, to exercise any Option held by the Optionee at any time within ninety (90) days after his or her
termination of employment, but not beyond the otherwise applicable term of the Option and only to the extent that on such date of termination of employment the Optionee’s right to exercise such Option had vested. 
  
 (ii) For purposes of this Section 6(h), the employment relationship shall be
treated as continuing intact while the Optionee is an active employee of the Corporation or any Affiliate, or is on military leave, sick leave, or other bona fide leave of absence to be determined in the sole discretion of the Committee. The
preceding sentence notwithstanding, in the case of an Incentive Stock Option, employment shall be deemed to terminate on the date the Optionee ceases active employment with the Corporation or any Affiliate, unless the Optionee’s reemployment
rights are guaranteed by statute or contract. 
  
 (i) Death of
Optionee. 
  
 If an Optionee dies while an Employee, or after
ceasing to be an Employee but during the period while he or she could have exercised an Option under Section 6(h), any Option granted to the Optionee may be exercised, to the extent it had vested at the time of death and subject to the Plan, at any
time within 12 months after the Optionee’s death, by the executors or administrators of his or her estate or by any person or persons who acquire the Option by will or the laws of descent and distribution, but not beyond the otherwise
applicable term of the Option. 
  
 (j) Disability of Optionee.

  
 If an Optionee ceases to be an Employee due to becoming
totally and permanently disabled within the meaning of Section 22(e)(3) of the Code, any Option granted to the Optionee may be exercised to the extent it had vested at the time of cessation and, subject to the Plan, at any time within 12 months
after the Optionee’s termination of employment, but not beyond the otherwise applicable term of the Option. 
  
 (k) Rights as a Shareholder. 
  
 An Optionee, or a transferee of an Optionee, shall have no rights as a shareholder of the Corporation with respect to any Shares for which his or her
Option is 
  

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 exercisable until the date of the issuance of a stock certificate for such Shares. No adjustment shall be made for
dividends, ordinary or extraordinary or whether in currency, securities, or other property, distributions, or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 9 hereof.

  
 (l) Modification, Extension, and Renewal of Options.

  
 Within the limitations of the Plan, the Committee may modify,
extend or renew outstanding Options or accept the cancellation of outstanding Options for the granting of new Options in substitution therefor. Notwithstanding the preceding sentence, no modification of an Option shall, without the consent of the
Optionee, alter or impair any rights or obligations under any Option previously granted. 
  
 (m) Other Provisions. 
  
 The
stock option agreements authorized under the Plan may contain such other provisions which are not inconsistent with the terms of the Plan, including, without limitation, restrictions upon the exercise of the Option, as the Committee shall deem
advisable. 
  
 7. $100,000 PER YEAR LIMITATION ON VESTING OF ISOs.

  
 To the extent that the Fair Market Value of Shares
(determined for each Share as of the date of grant of the Option covering such Share) subject to Options granted under this Plan (or any other plan of the Corporation or any Affiliate) which are designated as Incentive Stock Options and which become
exercisable by an Optionee for the first time during a single calendar year exceeds $100,000, the Option(s) (or portion thereof) covering such Shares shall be recharacterized (to the extent of such excess over $100,000) as a Nonstatutory Stock
Option. In determining which Option(s) shall be treated as Nonstatutory Stock Options under the preceding sentence, the Options shall be taken into account in the order granted, with the result that a later granted Option shall be recharacterized as
a Nonstatutory Stock Option prior to such recharacterization of a previously granted Option. 
  
 8. TERM OF PLAN. 
  
 Options may be granted pursuant to the Plan until August 7, 2013, and all Options which are outstanding on such date shall remain in effect until they are exercised or expire by their terms. The Plan shall expire for all purposes on August
7, 2023. 
  
 9. RECAPITALIZATION, TAKEOVERS, AND LIQUIDATIONS. 

 
 (a) Reorganizations. 
  
 The number of Shares covered by the Plan, as provided in Section 5 hereof,
and the number of Shares for which each Option is exercisable shall be proportionately adjusted for any increase or decrease in the number of issued Shares 
  

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 resulting from the payment of a Common Stock dividend, a stock split, a reverse stock split or any other event which
results in an increase or decrease in the number of issued Shares effected without receipt of consideration by the Corporation, and the Exercise Price shall be proportionately increased in the event the number of Shares subject to such Option are
decreased and shall be proportionately decreased in the event the number of Shares subject to such Option are increased. For the purposes of this paragraph, conversion of any convertible securities of the Corporation shall not be deemed to have been
“effected without receipt of consideration.” Adjustments shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Corporation of shares
of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an Option. 
  
 (b) Liquidation. 
  
 In the event of the dissolution or liquidation of the Corporation, each
Option shall terminate immediately prior to the consummation of such action. The Committee shall notify the Optionee not less than fifteen (15) days prior to the proposed consummation of a pending dissolution or liquidation, and the Option shall be
exercisable as to all Shares which are vested prior to expiration until immediately prior to the consummation of such action. 
  
 (c) Merger. 
  
 In the event of a merger or acquisition involving an acquisition of the Corporation or an acquisition by the Corporation of another company, the result of
which is that the outstanding voting securities of the Corporation do not represent, or are not converted into, a majority of the outstanding voting securities of the surviving corporation, except as otherwise provided in any particular Option
agreement, the vesting of all unvested Options shall be accelerated and all options shall be immediately exercisable. Without limiting the generality of the foregoing, in the event of (i) a proposed merger of the Corporation with or into another
corporation, as a result of which the Corporation is not the surviving corporation and (ii) the Option is not assumed or an equivalent option substituted by the successor corporation or a parent or subsidiary of the successor corporation, then in
such case each Option shall terminate immediately prior to the consummation of such transaction. The Committee shall notify the Optionee not less than fifteen (15) days prior to the proposed consummation of such transaction, and the Option shall be
exercisable as to all Shares which are subject to the Option until immediately prior to the consummation of such transaction. 
  
 (d) Determination by Committee. 
  
 All adjustments described in this Section 9 shall be made by the Committee, whose determination shall be conclusive and binding on all persons.

  
 (e) Limitation on Rights of Optionee. 
  
 Except as expressly provided in this Section 9, no Optionee shall have any
rights by reason of any payment of any stock dividend, stock split or reverse stock 
  

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 split or any other increase or decrease in the number of shares of stock of any class, or by reason of any
reorganization, consolidation, dissolution, liquidation, merger, exchange, split-up or reverse split-up, or spin-off of assets or stock of another corporation. Any issuance by the Corporation of Shares, Options or securities convertible into Shares
or Options shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of the Shares for which an Option is exercisable. Notwithstanding the foregoing, if the Corporation shall enter into a
transaction affecting the Corporation’s capital stock or distributions to the holders of its capital stock for which a revision in the terms of each Option is not required pursuant to this Section 9, the Committee shall have the right, but not
the obligation, to revise the terms of each Option in a manner the Committee, in its sole discretion, deems fair and reasonable given the transaction involved. If necessary or appropriate in connection with such transaction, the Committee may
declare that any Option shall terminate as of a date fixed by the Committee and give each Optionee the right to exercise his Option in whole or in part, including exercise as to Shares to which the Option would not otherwise be exercisable.

  
 (f) No Restriction on Rights of Corporation. 
  
 The grant of an Option shall not affect or restrict in any way the right or
power of the Corporation to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or to dissolve, liquidate, sell, or transfer all or any part of its business or assets.

  
 10. SECURITIES LAW REQUIREMENTS. 
  
 The Corporation shall not be under any obligation to issue any Shares upon
the exercise of any Option unless and until the Corporation has determined that: (i) it and the Optionee have taken all actions required to register the Shares under the Securities Act of 1933, or to perfect an exemption from the registration
requirements thereof; (ii) any applicable listing requirement of any stock exchange on which the Common Stock is listed has been satisfied; and (iii) all other applicable provisions of state and Federal law have been satisfied. 
  
 11. EXERCISE OF UNVESTED OPTIONS. 
  
 The Committee may grant any Optionee the right to exercise any Option prior
to the complete vesting of such Option. Without limiting the generality of the foregoing, the Committee may provide that if an Option is exercised prior to having completely vested, the Shares issued upon such exercise shall remain subject to
vesting at the same rate as under the Option so exercised and shall be subject to a right, but not an obligation, of repurchase by the Corporation with respect to all unvested Shares if the Optionee ceases to be an Employee for any reason. For the
purposes of facilitating the enforcement of any such right of repurchase, at the request of the Committee, the Optionee shall enter into the Joint Escrow Instructions with the Corporation and deliver every certificate for his or her unvested Shares
with a stock power executed in blank by the Optionee and by the Optionee’s spouse, if required for transfer. 
  

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 12. AMENDMENT OF THE PLAN. 
  
 The Board or the Committee may, from time to time, terminate, suspend or discontinue the Plan, in whole or in part, or
revise or amend it in any respect whatsoever including, but not limited to, the adoption of any amendment(s) deemed necessary or advisable to qualify the Options under rules and regulations promulgated by the Securities and Exchange Commission with
respect to Employees who are subject to the provisions of Section 16 of the Securities Exchange Act of 1934, as amended, or to correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any Option granted thereunder,
without approval of the shareholders of the Corporation, but without the approval of the Corporation’s shareholders, no such revision or amendment shall: 
  

(i) Increase the number of Shares subject to the Plan, other than any increase pursuant to Section 9; 
  
 (ii) Materially modify the requirements as to eligibility for participation
in the Plan; 
  
 (iii) Materially increase the benefits accruing
to Optionees under the Plan; 
  
 (iv) Extend the term of the Plan;
or 
  
 (v) Amend this Section to defeat its purpose. 

 
 No amendment, termination or modification of the Plan shall affect any
Option theretofore granted in any material adverse way without the consent of the Optionee. 
  
 13. APPLICATION OF FUNDS. 
  
 The proceeds received by the Corporation from the sale of Common Stock pursuant to the exercise of an Option shall be used for general corporate purposes. 
  
 14. APPROVAL OF SHAREHOLDERS. 
  
 The Plan shall be subject to approval by the affirmative vote of the holders of a majority of all classes of the outstanding shares present and entitled
to vote at the first meeting of shareholders of the Corporation following the adoption of the Plan or by written consent, and in no event later than one (1) year following the Effective Date. Prior to such approval, Options may be granted but shall
not be exercisable. Any amendment described in Section 12 (i) to (iv) shall also be subject to approval by the Corporation’s shareholders. 
  
 15 WITHHOLDING OF TAXES. 
  
 In the event the Corporation or a Affiliate determines that it is required to withhold Federal, state, or local taxes in connection with the exercise of
an Option or the disposition of Shares issued pursuant to the exercise of an Option, the Optionee or any person succeeding to the rights of the Optionee, as a condition to such exercise or disposition, may be required to make arrangements
satisfactory to the Corporation or 
  

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 the Affiliate to enable it to satisfy such withholding requirements. 
  
 16 RIGHTS AS AN EMPLOYEE. 
  
 Neither the Plan nor any Option granted pursuant thereto shall be construed
to give any person the right to remain in the employ of the Corporation or any Affiliate, or to affect the right of the Corporation or any Affiliate to terminate such individual’s employment at any time with or without cause. The grant of an
Option shall not entitle the Optionee to, or disqualify the Optionee from, participation in the grant of any other Option under the Plan or participation in any other benefit plan maintained by the Corporation or any Affiliate. 
  
 17 DISAVOWAL OF REPRESENTATIONS, UNDERTAKINGS OR CREATION OF IMPLIED RIGHTS.

  
 In adopting and maintaining this Plan and granting
options hereunder, neither the Corporation nor any Affiliate makes any representations or undertakings with respect to the initial qualification or treatment of Options under federal or state tax or securities laws. The Corporation and each
Affiliate expressly disavows the creation of any rights in Employees, Optionees, or beneficiaries of any obligations on the part of the Corporation, any Affiliate or the Committee, except as expressly provided herein. 
  
 18. INSPECTION OF RECORDS. 
  
 Copies of the Plan, records reflecting each Optionee’s Option, and any
other documents and records which an Optionee is entitled by law to inspect shall be open to inspection by the Optionee and his or her duly authorized representative at the office of the Committee at any reasonable business hour. 
  
 19. INFORMATION TO OPTIONEES. 
  
 Each Optionee shall be provided with such information regarding the
Corporation as the Committee from time to time deems necessary or appropriate; provided however, that each Optionee shall at all times be provided with such information as is required to be provided from time to time pursuant to applicable
regulatory requirements, including, but not limited to, any applicable requirements of the Securities and Exchange Commission, the California Department of Corporations and other state securities agencies. 
  
 20. SHAREHOLDER APPROVAL REQUIRED FOR OPTION RE-PRICING. 
  
 Notwithstanding any provision to the contrary in this Plan, absent the prior
approval of the Company’s shareholders, outstanding options granted or issued under this Plan will not be re-priced either by (a) amending such options to lower the exercise price or (b) canceling such options and granting replacement options
with a lower exercise price; provided, however, that such prohibition shall not apply to proportional 
  

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 adjustments in connection with a stock split, reverse stock split, stock dividend, or other like event or in the event of
a corporate transaction such as a merger or other reorganization involving a substitution or assumption of options that complies with Section 424(a) of the Code. 
  

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 Exhibit 10.15 
  
 CALIFORNIA MICRO DEVICES CORPORATION 
  
 1995 NON-EMPLOYEE DIRECTORS’ STOCK OPTION PLAN, 
 AMENDED AS OF JULY 26, 1996, AMENDED AS OF JULY 18, 1997, AMENDED AS 
 OF
AUGUST 7, 1998, AMENDED AS OF AUGUST 1, 2000, AMENDED AS OF 
 AUGUST 7, 2001, AND AMENDED AS OF AUGUST 7, 2002 
  
 1. PURPOSE. 
  
 The purpose of the CALIFORNIA MICRO DEVICES CORPORATION Non-Employee Directors’ Stock Option Plan (the
“Plan”) is to secure for the Corporation and its shareholders the benefits of the incentive inherent in increased common stock ownership by the members of the Board of Directors (the “Board”) of the Corporation who are not
employees of the Corporation or any of its subsidiaries. 
  
 2. DEFINITIONS.

  
 (a) “Board” shall mean the board of directors
of the Corporation. 
  
 (b) “Code” shall mean the
Internal Revenue Code of 1986, as amended. 
  
 (c)
“Committee” shall mean the committee appointed by the Board to administer the Plan, or if no such committee is appointed, by the Board. 
  
 (d) “Common Stock” shall mean the voting common stock, of the Corporation. 
  
 (e) “Corporation” shall mean CALIFORNIA MICRO DEVICES CORPORATION, a California corporation. 
  
 (f) “Director” shall mean a member of the Board. 
  
 (g) “Effective Date” shall mean February 10, 1995. 
  
 (h) “Exercise Price” shall mean the price per Share at which an
Option may be exercised, as determined by the Committee and as specified in the Optionee’s stock option agreement. 
  
 (i) “Fair Market Value” shall mean for any day the average of the closing bid and asked prices of the Stock in the over-the-counter market, as
reported through the National Association of Securities Dealers (“NASD”) Automated Quotation System or, if 
  

 14 

 the Stock is listed or admitted to trading on the Nasdaq National Market System or any national securities exchange or if
the last reported sale price of such Stock is generally available, the last reported sale price on such system or exchange. The Fair Market Value for any day for which there is no such bid and asked or last reported sales price shall be the Fair
Market Value of the next preceding day for which there is such a price. 
  
 (j) “Non-Employee Director” shall mean a Director who is not an employee of the Corporation or any of its subsidiaries. 
  
 (k) “Option” shall mean an option to purchase Common Stock granted pursuant to the Plan. 
  
 (l) “Optionee” shall mean any person who holds an Option pursuant
to the Plan. 
  
 (m) “Plan” shall mean the CALIFORNIA
MICRO DEVICES CORPORATION 1995 Non-Employee Directors’ Stock Option Plan, as it may be amended from time to time. 
  
 (n) “Purchase Price” shall mean at any particular time the Exercise Price times the number of Shares for which an Option is being exercised.

  
 (o) “Share” shall mean one share of authorized
Common Stock. 
  
 3. ADMINISTRATION. 
  
 (a) The Committee. 
  
 The Plan shall be administered by a Committee which shall consist of not less
than three members of the Board. 
  
 (b) Powers of the Committee.

  
 Subject to the provisions of the Plan, the Committee shall
have the authority, in its discretion and on behalf of the Corporation shall, subject to the provisions of the Plan, grant Options and shall have the power to construe the Plan, to determine all questions arising thereunder and to adopt and amend
such rules and regulations for the administration of the Plan as it may deem desirable. Any decision of the Committee in the administration of the Plan, as described herein, shall be final and conclusive. No member of the Committee shall be liable
for anything done or omitted to be done by such member or by any other member of the Committee in connection with the Plan, except for such member’s own willful misconduct or as expressly provided by statute. 
  
 4. PARTICIPATION. 
  
 Each Non-Employee Director shall be eligible to receive Options in accordance with the Plan. The adoption of this Plan shall
not be deemed to give any director any right to be granted an option to purchase Common Stock of the Corporation, 
  

 15 

 except to the extent and upon such terms and conditions are provided herein. 
  
 5. STOCK. 
  
 (a) Shares Subject to This Plan. 
  
 The aggregate number of Shares which may be issued upon exercise of Options under the Plan shall not exceed four hundred and fifty thousand (450,000)
subject to adjustment pursuant to Section 8 hereof. 
  
 (b)
Options Not to Exceed Shares Available 
  
 The number of Shares
for which an Option is exercisable at any time shall not exceed the number of Shares remaining available for issuance under the Plan. If any Option expires or is terminated, the number of Shares for which such Option was exercisable may be made
exercisable pursuant to other Options under the Plan. The limitations established by this Section 5 shall be subject to adjustment in the manner provided in Section 8 hereof upon the occurrence of an event specified therein. 
  
 6. TERMS AND CONDITIONS OF OPTIONS. 
  
 (a) Stock Option Agreements. 
  
 Options shall be evidenced by written stock option agreements between the
Optionee and the Corporation in such form as the Committee shall from time to time determine. No Option or purported Option shall be a valid and binding obligation of the Corporation unless so evidenced in writing. 
  
 (b) Number of Shares. 
  
 Each stock option agreement shall state the number of Shares for which the
Option is exercisable in accordance with the following and shall provide for the adjustment thereof in accordance with Section 8 hereof. 
  
 (i) Upon adoption of this Plan by the Board, and subject to the approval of the Plan by the Shareholders of the Corporation in accordance with Section 14
hereof, each Non-Employee Director then in office shall, without further action required, be granted an Option for the purchase of Ten Thousand (10,000) Shares. Each other person appointed or elected to serve as a Non-Employee Director during the
term of this Plan shall be granted an option for Fifteen Thousand (15,000) Shares upon his or her appointment or election. 
  
 (ii) Subject to the approval of the Plan by the Shareholders of the Corporation in accordance with Section 14 hereof, each year, as of the date of the
Annual Meeting of Shareholders of the Corporation, each Non-Employee Director who has been elected or re-elected or who is continuing as a member of the Board as of the adjournment of the Annual Meeting (other than any Non-Employee Director eligible
for a grant pursuant to paragraph (b)(i)) shall automatically receive an Option for Ten Thousand (10,000) shares of Common Stock; provided, however, that a Non-Employee Director who has been a member of the Board for less than six months on such
date shall not receive such Option grant. 
  
 (c) Vesting.

  

 16 

 An Optionee may not exercise his or her Option for any Shares until the Non-Employee Director has served
one year as a member of the Board since the date the option was granted. An Optionee may exercise the Option as to one fourth of the Shares at the end of the 4th full calendar quarter following the date the Option was granted and as to an additional
 1/16th of the Shares at the end of each subsequent full calendar quarter commencing with the 5th full calendar
quarter following the date the Option was granted. The right to exercise the Option shall be cumulative. An Optionee may buy all, or from time to time any part, of the maximum number of shares which are exercisable under the an Option, but in no
case may Optionee exercise the Option with regard to a fraction of a share, or for any share for which the Stock Option is not exercisable. 
  
 (d) Lapse of Options. 
  
 Each stock option agreement shall state the time or times when the Option covered thereby lapses and becomes unexercisable in part or in full. An Option
shall lapse on the earliest of the following events (unless otherwise determined by the Committee and reflected in an option agreement): 
  
 (I) The tenth anniversary of the date of granting the Option; 
  
 (ii) The first anniversary of the Optionee’s death; 
  
 (iii) The first anniversary of the date the Optionee ceases to be a Director due to total and permanent disability, within the meaning of Section 22(e)(3)
of the Code; 
  
 (iv) Ninety (90) days after the Optionee ceases
to be a Director for any reason other than his or her death or total and permanent disability; 
  
 (v) The date the Optionee files or has filed against him or her a petition in bankruptcy; or 
  
 (vi) The expiration date specified in an Optionee’s stock option agreement. 
  
 (e) Exercise Price. 
  
 Each stock option agreement shall state the Exercise Price for the Shares for which the Option is exercisable. The Exercise Price of all Options shall be
the Fair Market Value of the Shares for which the Option is exercisable, and not less than the par value of the Shares. 
  
 (f) Medium and Time of Payment. 
  
 The Purchase Price shall be payable in full in cash upon the exercise of an Option but the Committee may allow the Optionee to pay the Purchase Price:

  
 (I) by surrendering Shares in good form for transfer, owned by
the Optionee and having a Fair Market Value on the date of exercise equal to the Purchase Price; 
  
 (ii) by delivery of a full recourse promissory note (“Note”) made by the Optionee in the amount of the Purchase Price, bearing interest,
compounded semiannually, at a rate not less than the rate determined under Section 7872 of the Code to insure that no “unstated interest”, as defined in such section will accrue, together with the delivery of a duly executed standard form
security agreement securing 
  

 17 

 the Note by a pledge of the Shares purchased; or 
  
 (iii) in any combination of such consideration or such other consideration and method of payment for the issuance of Shares
to the extent permitted under applicable law as long as the sum of the cash so paid, the Fair Market Value of the Shares so surrendered, and the amount of any Note equals the Purchase Price. 
  
 The Committee or a stock option agreement may prescribe requirements with
respect to the exercise of Options, including the submission by the Optionee of such forms and documents as the Committee may require and the delivery by the Optionee of cash sufficient to satisfy applicable withholding requirements. The Committee
may vary the exercise requirements and procedures from time to time to facilitate, for example, the broker-assisted exercise of Options. 
  
 (g) Nontransferability of Options. 
  
 During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee or the Optionee’s conservator or legal representative and
shall not be assignable or transferable except pursuant to a qualified domestic relations order as defined by the Code. In the event of the Optionee’s death, the Option shall not be transferable by the Optionee other than by will or the laws of
descent and distribution. 
  
 (h) Termination of Directorship
Other than by Death or Disability. 
  
 If an Optionee ceases to be
a Director for any reason other than his or her death or disability, the Optionee shall have the right, subject to the provisions of this Section 6, to exercise any Option held by the Optionee at any time within ninety (90) days after his or her
termination as a Director, but not beyond the otherwise applicable term of the Option and only to the extent that on such date of termination as a Director the Optionee’s right to exercise such Option had vested. 
  
 (i) Death of Optionee. 
  
 If an Optionee dies while a Director, or after ceasing to be a Director but
during the period while he or she could have exercised an Option under Section 6(h) hereof, any Option granted to the Optionee may be exercised, to the extent it had vested at the time of death and subject to the Plan, at any time within twelve (12)
months after the Optionee’s death, by the executors or administrators of his or her estate or by any person or persons who acquire the Option by will or the laws of descent and distribution, but not beyond the otherwise applicable term of the
Option. 
  
 (j) Disability of Optionee. 
  
 If an Optionee ceases to be a Director due to becoming totally and
permanently disabled within the meaning of Section 22(e)(3) of the Code, any Option granted to the Optionee may be exercised to the extent it had vested at the time of cessation and, subject to the Plan, at any time within twelve (12) months after
the termination of Optionee’s position as a Director, but not beyond the otherwise applicable term of the Option. 
  
 (k) Rights as a Shareholder. 
  

 18 

 An Optionee, or a transferee of an Optionee, shall have no rights as a shareholder of the Corporation
with respect to any Shares for which his or her Option is exercisable until the date of the issuance of a stock certificate for such Shares. No adjustment shall be made for dividends, ordinary or extraordinary or whether in currency, securities, or
other property, distributions, or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 8 hereof. 
  
 (l) Other Provisions. 
  
 The stock option agreements authorized under the Plan may contain such other provisions which are not inconsistent with the terms of the Plan, including,
without limitation, restrictions upon the exercise of the Option, as the Committee shall deem advisable. 
  
 7. TERM OF PLAN. 
  
 Options may be granted pursuant to the Plan until ten (10) years following the Effective Date, and all Options which are outstanding on such date shall remain in effect until they are exercised or expire by their terms. The Plan shall
expire for all purposes on the date twenty (20) years following the Effective Date. 
  
 8. REORGANIZATIONS. 
  
 (a) Reorganizations.

  
 The number of Shares covered by the Plan, as provided in
Section 5 hereof, and the number of Shares for which each Option is exercisable shall be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from the payment of a Common Stock dividend, a stock split, a
reverse stock split or any other event which results in an increase or decrease in the number of issued Shares effected without receipt of consideration by the Corporation, and the Exercise Price shall be proportionately increased in the event the
number of Shares subject to such Option are decreased and shall be proportionately decreased in the event the number of Shares subject to such Option are increased. Adjustments shall be made by the Board, whose determination in that respect shall be
final, binding and conclusive. Except as expressly provided herein, no issuance by the Corporation of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall
be made with respect to, the number or price of shares of Common Stock subject to an Option. 
  
 (b) Liquidation. 
  
 In the event
of the dissolution or liquidation of the Corporation, each Option shall terminate immediately prior to the consummation of such action. The Committee shall notify the Optionee not less than fifteen (15) days prior to the proposed consummation of a
pending dissolution or liquidation, and the Option shall be exercisable as to all Shares which are vested prior to expiration until immediately prior to the consummation of such action. 
  

 19 

 (c) Merger. 
  
 In the event of a merger or acquisition involving an acquisition of the Corporation or an acquisition by the Corporation of another company, the result of
which is that the outstanding voting securities of the Corporation do not represent, or are not converted into, a majority of the outstanding voting securities of the surviving corporation, except as otherwise provided in any particular Option
agreement, the vesting of all unvested Options shall be accelerated and all options shall be immediately exercisable. Without limiting the generality of the foregoing, in the event of (i) a proposed merger of the Corporation with or into another
corporation, as a result of which the Corporation is not the surviving corporation and (ii) the Option is not assumed or an equivalent option substituted by the successor corporation or a parent or subsidiary of the successor corporation, then in
such case each Option shall terminate immediately prior to the consummation of such transaction. The Committee shall notify the Optionee not less than fifteen (15) days prior to the proposed consummation of such transaction, and the Option shall be
exercisable as to all Shares subject to such Option until immediately prior to the consummation of such transaction. 
  
 (d) Determination by Committee. 
  
 All adjustments described in this Section 8 shall be made by the Committee, whose determination shall be conclusive and binding on all persons.

  
 (e) Limitation on Rights of Optionee. 
  
 Except as expressly provided in this Section 8, no Optionee shall have any
rights by reason of any payment of any stock dividend, stock split or reverse stock split or any other increase or decrease in the number of shares of stock of any class, or by reason of any reorganization, consolidation, dissolution, liquidation,
merger, exchange, split-up or reverse split-up, or spin-off of assets or stock of another corporation. Any issuance by the Corporation of Shares, Options or securities convertible into Shares or Options shall not affect, and no adjustment by reason
thereof shall be made with respect to, the number or Exercise Price of the Shares for which an Option is exercisable. 
  
 (f) No Restriction on Rights of Corporation. 
  
 The grant of an Option shall not affect in any way the right or power of the Corporation to make adjustments, reclassifications, reorganizations, or
changes of its capital or business structure, or to merge or consolidate, or to dissolve, liquidate, sell, or transfer all or any part of its business or assets. 
  
 9. SECURITIES LAW REQUIREMENTS. 
  
 (a) Legality of Issuance. 
  
 No Share shall be issued upon the exercise of any Option unless and until the Corporation has determined that: 
  
 (I) The Corporation and the Optionee have taken all actions required

  

 20 

 to exempt the issuance of the Shares from the registration requirements under the Securities Act of 1933, as amended (the
“Act”), or the Corporation and the Optionee shall determine that the registration requirements of the Act do not apply to such exercise; 
  
 (ii) Any applicable listing requirement of any stock exchange on which the Common Stock is listed has been satisfied; and 
  
 (iii) Any other applicable provision of state or Federal law has been
satisfied. 
  
 (b) Restrictions on Transfer; Representations of
Optionee; Legends. 
  
 Regardless of whether the offering and sale
of Shares has been registered under the Act or has been registered or qualified under the securities laws of any state, the Corporation may impose restrictions upon the sale, pledge, or other transfer of such Shares, including the placement of
appropriate legends on stock certificates, if, in the judgment of the Corporation and its counsel, such restrictions are necessary or desirable in order to achieve compliance with the provisions of the Act, the securities laws of any state, or any
other law. If the sale of Shares is not registered under the Act and the Corporation shall determine that the registration requirements of the Act apply to such sale, but an exemption is available which requires an investment representation or other
representation, the Optionee shall be required, as a condition to purchasing Shares by exercise of his or her Option, to represent that such Shares are being acquired for investment, and not with a view to the sale or distribution thereof, except in
compliance with the Act, and to make such other representations as are deemed necessary or appropriate by the Corporation and its counsel. Stock certificates evidencing Shares acquired pursuant to an unregistered transaction to which the Act applies
shall bear such restrictive legends as are required or deemed advisable under the Plan or the provisions of any applicable law. Any determination by the Corporation and its counsel in connection with any of the matters set forth in this section
shall be conclusive and binding on all persons. 
  
 (c)
Registration or Qualification of Securities. 
  
 The Corporation
may, but shall not be obligated to, register or qualify the sale of Shares under the Act or any other applicable law. 
  
 (d) Exchange of Certificates. 
  
 If, in the opinion of the Corporation and its counsel, any legend placed on a stock certificate representing Shares sold hereunder is no longer required,
the Optionee or the holder of such certificate shall be entitled to exchange such certificate for a certificate representing the same number of Shares but lacking such legend. 
  
 10. AMENDMENT OF THE PLAN. 
  
 The Plan may be amended at any time and from time to time by the Board as the Board shall deem advisable including, but not limited to amendments
necessary to qualify for any exemption or to comply with applicable law or regulations, provided, 
  

 21 

 however, that except as provided in Section 8, the Board may not, without further approval by the shareholders of the
Corporation, materially increase the number of shares of Common Stock as to which Options may be granted under the Plan, materially increase the benefits accruing to Participants under the Plan or materially modify the requirements as to eligibility
for Participants in the Plan. No amendment of the Plan shall materially and adversely affect any right of any Optionee with respect to any Option theretofore granted without such Optionee’s written consent. The Plan may not be amended more
frequently than once every six months with respect to the number of shares subject to Options granted to members of the Board of Directors, the timing of such Option grants and the determination of the exercise price of such Options other than to
comport with changes in the Code, the Employee Retirement Security Act, or the rules thereunder. Notwithstanding anything to the contrary contained herein, this Plan shall not be amended except in accordance with the provisions of Rule 16b-3(c)
under the Securities Exchange Act of 1934, as amended, or any successor rule thereto. 
  
 11. APPLICATION OF FUNDS. 
  
 The proceeds
received by the Corporation from the sale of Common Stock pursuant to the exercise of an Option shall be used for general corporate purposes. 
  
 12. APPROVAL OF SHAREHOLDERS. 
  
 The Plan shall be subject to approval by the affirmative vote of the holders of a majority of all classes of the outstanding shares present and entitled
to vote at the first meeting of shareholders of the Corporation following the adoption of the Plan, and in no event later than one (1) year following the Effective Date. Prior to such approval, Options may be granted but shall not be exercisable.

  

 22 

 13. WITHHOLDING OF TAXES. 
  
 In the event the Corporation or a Subsidiary determines that it is required to withhold Federal, state, or local taxes in
connection with the exercise of an Option or the disposition of Shares issued pursuant to the exercise of an Option, the Optionee or any person succeeding to the rights of the Optionee, as a condition to such exercise or disposition, may be required
to make arrangements satisfactory to the Corporation or the Subsidiary to enable it to satisfy such withholding requirements. 
  
 14. RIGHTS AS A DIRECTOR. 
  
 Neither the Plan nor any Option granted pursuant thereto shall be construed to give any person the right to remain as a Director of the Corporation or any
Subsidiary. 
  
 15. SHAREHOLDER APPROVAL REQUIRED FOR OPTION RE-PRICING.

  
 Notwithstanding any provision to the contrary in this
Plan, absent the prior approval of the Company’s shareholders, outstanding options granted or issued under this Plan will not be re-priced either by (a) amending such options to lower the exercise price or (b) canceling such options and
granting replacement options with a lower exercise price; provided, however, that such prohibition shall not apply to proportional adjustments in connection with a stock split, reverse stock split, stock dividend, or other like event or in the event
of a corporate transaction such as a merger or other reorganization involving a substitution or assumption of options that complies with Section 424(a) of the Code. 
  

 231995 Employee Stock Purchase Plan, as amended August 8, 2003

 EXHIBIT 4.2 
  
 CALIFORNIA MICRO DEVICES CORPORATION 
 1995 EMPLOYEE STOCK PURCHASE PLAN 
 AMENDED AS OF JULY 18, 1997, AUGUST 7, 1998, 
 AUGUST 5, 1999, AUGUST 7, 2002, AND AUGUST 8, 2003 
  
 1. PURPOSE. 
  
 The purpose of this Plan is to provide an opportunity for Employees of California Micro Devices Corporation (the “Corporation”) and its
Designated Subsidiaries, to purchase Common Stock of the Corporation and thereby to have an additional incentive to contribute to the prosperity of the Corporation. It is the intention of the Corporation that the Plan qualify as an “Employee
Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1986, as amended, and the Plan shall be construed in accordance with this intention. 
  

2. DEFINITIONS. 
  
 (a) “Board” shall mean the Board of Directors of the Corporation. 
  
 (b) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 (c) “Committee” shall mean the committee appointed by
the Board in accordance with Section 12 of the Plan. 
  
 (d)
“Common Stock” shall mean the Common Stock of the Corporation, or any stock into which such Common Stock may be converted. 
  
 (e) “Compensation” shall mean an Employee’s wages or salary and other amounts payable to an Employee on account of personal
services rendered by the Employee to the Corporation or a Designated Subsidiary and which are reportable as wages or other compensation on the Employee’s Form W-2, plus pre-tax contributions of the Employee under a cash or deferred arrangement
(401(k) plan) or cafeteria plan maintained by the Corporation or a Designated Subsidiary, but excluding, however, (1) non-cash fringe benefits, (2) special payments as determined by the Committee (e.g., moving expenses, unused vacation, severance
pay), (3) income from the exercise of stock options or other stock purchases and (4) any other items of Compensation as determined by the Committee. 
  
 (f) “Corporation” shall mean California Micro Devices Corporation, a California corporation. 
  
 (g) “Designated Subsidiary” shall mean a Subsidiary
which has been designated by the Board as eligible to participate in the Plan. 
  
 (h) “Employee” shall mean an individual employed (within the meaning of Code section 3401(c) and the regulations thereunder) by the Corporation or a Designated Subsidiary. 
  
 (i) “Entry Date” shall mean the first day of each
Option Period. The first Entry Date shall be such date as is determined by the Committee. 

 (j) “Exercise Date” shall mean the last business day of each Exercise Period.

  
 (k) “Exercise Period” shall mean a
six-month or other period as determined by the Committee. The first Exercise Period during an Option Period shall commence on the first day of such Option Period. Subsequent Exercise Periods, if any, shall run consecutively after the termination of
the preceding Exercise Period. The last Exercise Period in an Option Period shall terminate on the last day of such Option Period. 
  
 (l) “Fair Market Value” shall mean the value of one (1) share of Common Stock on the relevant date, determined as follows:

  
 (1) If the shares are traded on an exchange or on the Nasdaq
Stock Market, the reported “closing price” on the next preceding trading day (provided that in the case of the first Entry Date, the Fair Market Value shall be the initial price to the public in the Company’s initial public offering);

  
 (2) If the shares are traded over-the-counter on the NASDAQ
System (other than on the Nasdaq Stock Market), the mean between the bid and the ask prices on said System at the close of business on the next preceding trading day (provided that in the case of the first Entry Date, the Fair Market Value shall be
the initial price to the public in the Company’s initial public offering); and 
  
 (3) If neither (1) nor (2) applies, the fair market value as determined by the Committee in good faith. Such determination shall be conclusive and binding on all persons. 
  
 (m) “Option Period” shall mean a period of up to
twenty-seven (27) months as determined by the Committee. 
  
 (n)
“Participant” shall mean a participant in the Plan as described in Section 4 of the Plan. 
  
 (o) “Plan” shall mean this employee stock purchase plan. 
  
 (p) “Subsidiary” shall mean any corporation (other than the Corporation) in an unbroken chain of
corporations beginning with the Corporation, as described in Code section 424(f). 
  
 3. ELIGIBILITY. 
  
 Any Employee regularly
employed on a full-time basis by the Corporation or by any Designated Subsidiary on an Entry Date shall be eligible to participate in the Plan with respect to the Option Period commencing on such Entry Date, provided that the Committee may establish
administrative rules requiring that employment commence some minimum period (e.g., one pay period) prior to an Entry Date to be eligible to participate with respect to that Entry Date. An Employee shall be considered employed on a full-time basis
unless his or her customary employment is less than 20 hours per week or five months per year. No Employee may participate in the Plan if immediately after an option is granted the Employee owns or is considered to own (within the meaning of section
424(d) of the Code), shares of stock, including stock which the Employee may purchase by conversion of convertible securities or under outstanding options granted by the Corporation, possessing five percent (5%) or more of the total combined voting
power or value of all classes of stock of the Corporation or of any of its 
  

 Page 2 
 Employee Stock Purchase Plan 

 Subsidiaries. All Employees who participate in the Plan shall have the same rights and privileges under the Plan except
for differences which may be mandated by local law and which are consistent with Code section 423(b)(5). The Committee may impose restrictions on eligibility and participation of Employees who are officers and directors to facilitate compliance with
federal or state securities laws. 
  
 4. PARTICIPATION. 

 
 4.1 An Employee who is eligible to participate in the Plan in accordance
with Section 3 may become a Participant by filing, on a date prescribed by the Committee prior to an applicable Entry Date, a completed payroll deduction authorization and Plan enrollment form provided by the Corporation. An eligible Employee may
authorize payroll deductions at the rate of any whole percentage of the Employee’s Compensation, not to exceed fifteen percent (15%) of the Employee’s Compensation, or such lesser percentage as specified by the Committee as applied to an
Entry Date or Option Period. All payroll deductions may be held by the Corporation and commingled with its other corporate funds. No interest shall be paid or credited to the Participant with respect to such payroll deductions except where required
by local law as determined by the Committee. A separate bookkeeping account for each Participant shall be maintained by the Corporation under the Plan and the amount of each Participant’s payroll deductions shall be credited to such account. A
Participant may not make any additional payments into such account. 
  
 4.2 Under procedures established by the Committee, a Participant may suspend or discontinue participation in the Plan or may reduce the rate of his or her payroll deductions at any time during an Offering Period by completing and filing a
new payroll deduction authorization and Plan enrollment form with the Corporation, provided that the Committee may, in its discretion, impose restrictions on a Participant’s ability to change the rate of payroll deductions. A Participant may
increase his or her rate of payroll deductions only effective on an Entry Date by filing a new payroll deduction authorization and Plan enrollment form. If a new payroll deduction authorization and Plan enrollment form is not filed with the
Corporation, the rate of payroll deductions shall continue at the originally elected rate throughout the Option Period unless the Committee determines to change the permissible rate. 
  
 If a Participant suspends participation during an Exercise Period, his or her accumulated payroll deductions will remain in
the Plan for purchase of shares as specified in Section 6 on the following Exercise Date, but the Participant will not again participate until he or she completes a new payroll deduction authorization and Plan enrollment form. The Committee may
establish rules limiting the frequency with which Participants may suspend and resume payroll deductions under the Plan and may impose a waiting period on Participants wishing to resume suspended payroll deductions. If a Participant discontinues
participation in the Plan, the amount credited to the Participant’s individual account shall be paid to the Participant without interest (except where required by local law). In the event any Participant terminates employment with the
Corporation or any Subsidiary for any reason (including death) prior to the expiration of an Option Period, the Participant’s participation in the Plan shall terminate and all amounts credited to the Participant’s account shall be paid to
the Participant or the Participant’s estate without interest (except where required by local law). Whether a termination of employment has occurred shall be determined by the Committee. The Committee may also establish rules regarding when
leaves of absence or change of employment status (e.g., from full-time to part-time) will be considered to be a termination of employment, and the Committee may establish termination of employment procedures for this Plan which are independent of
similar rules established under other benefit plans of the Corporation and its Subsidiaries. 
  

 Page 3 
 Employee Stock Purchase Plan 

 In the event of a Participant’s death, any accumulated payroll deductions will be paid, without
interest, to the estate of the Participant. 
  
 5. OFFERING.

  
 5.1 The maximum number of shares of Common Stock which
may be issued pursuant to the Plan shall be one million two hundred ninety thousand (1,290,000) shares. The Committee may designate any amount of available shares for offering for any Option Period determined pursuant to Section 5.2. 
  
 5.2 Each Option Period, Entry Date and Exercise Period shall be determined by
the Committee. The Committee shall have the power to change the duration of future Option Periods or future Exercise Periods, and to determine whether or not to have overlapping Option Periods, with respect to any prospective offering, without
shareholder or Board approval. 
  
 5.3 With respect to each Option
Period, each eligible Employee who has elected to participate as provided in Section 4.1 shall be granted an option to purchase that number of shares of Common Stock which may be purchased with the payroll deductions accumulated on behalf of such
Employee (assuming payroll deductions at a rate of 15% of Compensation) during each Exercise Period within such Option Period at the purchase price specified in Section 5.4 below; provided, however, (1) in no event shall the Employee be entitled to
accrue rights to purchase shares under the Plan (and all other employee stock purchase plans, as defined in Code section 423, of the Corporation and its subsidiaries) at a rate which exceeds $25,000 of the Fair Market Value of such stock (determined
at the time the option is granted) for any calendar year in which such option is outstanding at any time, and (2) the maximum shares subject to any option shall in no event exceed 10,000. 
  
 5.4 The option price under each option shall be the lower of: (i) eighty-five percent (85%) of the Fair Market Value of the
Common Stock on the Entry Date on which an option is granted, or (ii) eighty-five percent (85%) of the Fair Market Value on the Exercise Date on which the Common Stock is purchased. 
  
 5.5 If the total number of shares of Common Stock for which options granted under the Plan are exercisable exceeds the
maximum number of shares offered on any Entry Date, the number of shares which may be purchased under options granted on the Entry Date shall be reduced on a pro rata basis in as nearly a uniform manner as shall be practicable and equitable. In this
event, payroll deductions shall also be reduced or refunded accordingly. If an Employee’s payroll deductions during any Exercise Period exceeds the purchase price for the maximum number of shares permitted to be purchased under Section 5.3, the
excess shall be refunded to the Participant without interest (except where otherwise required by local law). 
  
 5.6 In the event that the Fair Market Value of the Corporation’s Common Stock is lower on the first day of an Exercise Period within an Option Period
(subsequent “Reassessment Date”) than it was on Entry Date for such Option Period, all Employees participating in the Plan on the Reassessment Date shall be deemed to have relinquished the unexercised portion of the option granted on the
Entry Date and to have enrolled in and received a new option commencing on such Reassessment Date, unless the Committee has determined not to permit overlapping Option Periods or to restrict such transfers to lower price Option Periods. 

 
 6. PURCHASE OF STOCK. 
  
 Upon the expiration of each Exercise Period, a Participant’s option
shall be exercised 
  

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 Employee Stock Purchase Plan 

 automatically for the purchase of that number of full shares of Common Stock which the accumulated payroll deductions
credited to the Participant’s account at that time shall purchase at the applicable price specified in Section 5.4. 
  
 7. PAYMENT AND DELIVERY. 
  
 Upon the exercise of an option, the Corporation shall deliver to the Participant the Common Stock purchased and the balance of any amount of payroll
deductions credited to the Participant’s account not used for the purchase. The Committee may permit or require that shares be deposited directly with a broker designated by the Participant (or a broker selected by the Committee), and the
Committee may utilize electronic or automated methods of share transfer. To the extent the unused cash balance represents a fractional share, the unused cash balance credited to the Participant’s account shall be carried over to the next
Exercise Period, if the Participant is also a Participant in the Plan at that time or refunded to the Participant, as determined by the Committee. The Corporation shall retain the amount of payroll deductions used to purchase Common Stock as full
payment for the Common Stock and the Common Stock shall then be fully paid and non-assessable. No Participant shall have any voting, dividend, or other stockholder rights with respect to shares subject to any option granted under the Plan until the
option has been exercised and shares issued. 
  
 8. RECAPITALIZATION.

  
 If after the grant of an option, but prior to the
purchase of Common Stock under the option, there is any increase or decrease in the number of outstanding shares of Common Stock because of a stock split, stock dividend, combination or recapitalization of shares subject to options, the number of
shares to be purchased pursuant to an option, the share limit of Section 5.3 and the maximum number of shares specified in Section 5.1 shall be proportionately increased or decreased, the terms relating to the purchase price with respect to the
option shall be appropriately adjusted by the Committee, and the Committee shall take any further actions which, in the exercise of its discretion, may be necessary or appropriate under the circumstances. 
  
 The Committee, if it so determines in the exercise of its sole discretion,
also may adjust the number of shares specified in Section 5.1, as well as the price per share of Common Stock covered by each outstanding option and the maximum number of shares subject to any individual option, in the event the Corporation effects
one or more reorganizations, recapitalizations, spin-offs, split-ups, rights offerings or reductions of shares of its outstanding Common Stock. 
  
 The Committee’s determinations under this Section 8 shall be conclusive and binding on all parties. 
  
 9. MERGER, LIQUIDATION, OTHER CORPORATION TRANSACTIONS. 
  
 In the event of the proposed liquidation or dissolution of the Corporation,
the Option Period will terminate immediately prior to the consummation of such proposed transaction, unless otherwise provided by the Committee in its sole discretion, and all outstanding options shall automatically terminate and the amounts of all
payroll deductions will be refunded without interest to the Participants. 
  
 In the event of a proposed sale of all or substantially all of the assets of the Corporation, or the merger or consolidation of the Corporation with or into another corporation, then in the sole 
  

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 Employee Stock Purchase Plan 

 discretion of the Committee, (1) each option shall be assumed or an equivalent option shall be substituted by the
successor corporation or parent or subsidiary of such successor corporation, (2) a date established by the Committee on or before the date of consummation of such merger, consolidation or sale shall be treated as an Exercise Date, and all
outstanding options shall be deemed exercisable on such date or (3) all outstanding options shall terminate and the accumulated payroll deductions shall be returned to the Participants. 
  
 10. TRANSFERABILITY. 
  
 Options granted to Participants may not be voluntarily or involuntarily assigned, transferred, pledged, or otherwise disposed of in any way, and any
attempted assignment, transfer, pledge, or other disposition shall be null and void and without effect. If a Participant in any manner attempts to transfer, assign or otherwise encumber his or her rights or interest under the Plan, other than as
permitted by the Code, such act shall be treated as an election by the participant to discontinue participation in the Plan pursuant to Section 4.2. 
  
 11. AMENDMENT OR TERMINATION OF THE PLAN. 
  
 11.1 The Plan shall continue until August 7, 2013, unless previously terminated in accordance with Section 11.2. 
  
 11.2 The Board may, in its sole discretion, insofar as permitted by law,
terminate or suspend the Plan, or revise or amend it in any respect whatsoever, except that, without approval of the stockholders, no such revision or amendment shall: 
  
 (a) materially increase the number of shares subject to the Plan other than an adjustment under Section 8 of the Plan;

  
 (b) materially modify the requirements as to eligibility for
participation in the Plan; 
  
 (c) materially increase the
benefits accruing to Participants; 
  
 (d) reduce the purchase
price specified in Section 5.4, except as specified in Section 8; 
  
 (e) extend the term of the Plan beyond the date specified in Section 11.1; or 
  
 (f) amend this Section 11.2 to defeat its purpose. 
  
 12. ADMINISTRATION. 
  
 The Plan shall be
administered by a Committee which shall consist of at least three members appointed by the Board. The Committee shall have full power and authority to promulgate any rules and regulations which it deems necessary for the proper administration of the
Plan, to interpret the provisions and supervise the administration of the Plan, and to take all action in connection with administration of the Plan as it deems necessary or advisable. Decisions of the Committee shall be made by a majority of its
members and shall be final and binding upon all participants. Any decision reduced to writing and signed by a majority of the members of the Committee shall be fully effective as if it had been made at a meeting of the Committee duly held. The
Corporation shall pay all expenses incurred in the administration of 
  

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 Employee Stock Purchase Plan 

 the Plan. No Committee member shall be liable for any action or determination made in good faith with respect to the Plan
or any option granted thereunder. 
  
 13. COMMITTEE RULES FOR FOREIGN
JURISDICTIONS. 
  
 The Committee may adopt rules or
procedures relating to the operation and administration of the Plan in non-United States jurisdictions to accommodate the specific requirements of local laws and procedures. Without limiting the generality of the foregoing, the Committee is
specifically authorized to adopt rules and procedures regarding handling of payroll deductions, conversion of local currency, withholding procedures and handling of stock certificates which vary with local requirements. 
  
 14. SECURITIES LAWS REQUIREMENTS. 
  
 The Corporation shall not be under any obligation to issue Common Stock upon
the exercise of any option unless and until the Corporation has determined that: (i) it and the Participant have taken all actions required to register the Common Stock under the Securities Act of 1933, or to perfect an exemption from the
registration requirements thereof; (ii) any applicable listing requirement of any stock exchange on which the Common Stock is listed has been satisfied; and (iii) all other applicable provisions of state and federal law have been satisfied.

  
 15. GOVERNMENTAL REGULATIONS. 
  
 This Plan and the Corporation’s obligation to sell and deliver shares
of its stock under the Plan shall be subject to the approval of any governmental authority required in connection with the Plan or the authorization, issuance, sale, or delivery of stock hereunder. 
  
 16. NO ENLARGEMENT OF EMPLOYEE RIGHTS. 
  
 Nothing contained in this Plan shall be deemed to give any Employee the
right to be retained in the employ of the Corporation or any Designated Subsidiary or to interfere with the right of the Corporation or Designated Subsidiary to discharge any Employee at any time. 
  
 17. GOVERNING LAW. 
  
 This Plan shall be governed by California law, but shall be interpreted to
be consistent with the requirements of any employee stock purchase plan under Code section 423. 
  
 18. EFFECTIVE DATE. 
  
 This Plan shall be effective February 10, 1995, subject to approval of the shareholders of the Corporation within 12 months of its adoption by the Board of Directors. 
  

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 Employee Stock Purchase Plan

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