SEC Contract Filing

Filing Date: 2019-02-19

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d708156dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2019 Form of Restricted Stock Units Award Agreement for Section&nbsp;16 Officers </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ON SEMICONDUCTOR CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED STOCK INCENTIVE PLAN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESTRICTED STOCK UNITS AWARD AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">ON Semiconductor Corporation, a Delaware Corporation, (the &#147;Company&#148;) hereby grants to <B>__________________</B>
(the &#147;Grantee&#148;), a Participant in the ON Semiconductor Corporation Amended and Restated Stock Incentive Plan, as amended<B> </B>from <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">time-to-time</FONT></FONT> (the
&#147;Plan&#148;), a Restricted Stock Units Award (the &#147;Award&#148;) for units (&#147;Units&#148;) representing shares of the common stock of the Company (&#147;Stock&#148;). This agreement to grant Stock Units (this&nbsp;&#147;Grant
Agreement&#148;) is made effective as of <B>March</B><B></B><B>&nbsp;4</B><B>, 2019</B> (the &#147;Grant Date&#148;). </P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>A.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors of the Company (the &#147;Board&#148;) has adopted the Plan as an
incentive to retain employees, officers, and <FONT STYLE="white-space:nowrap">non-employee</FONT> Directors of, and Consultants to, the Company and to enhance the ability of the Company to attract, retain, and motivate individuals upon whose
judgment, interest, and special effort the successful conduct of the Company&#146;s operation is largely dependent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>B.</B>&nbsp;&nbsp;&nbsp;&nbsp;Under the Plan, the Board has delegated its authority to administer the Plan to the
Compensation Committee of the Board (the &#147;Committee&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>C.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Committee<B>
</B>has approved the granting of Units to the Grantee pursuant to the Plan to provide an incentive to the Grantee to focus on the long-term growth of the Company, to protect the Company&#146;s goodwill with its employees, to protect the
Company&#146;s goodwill with its customers, and to protect the confidential information of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>D.</B>&nbsp;&nbsp;&nbsp;&nbsp;To the extent not specifically defined herein or in the Grantee&#146;s employment agreement
or comparable agreement, as amended from time to time (the &#147;Employment Agreement&#148;), all capitalized terms used in this Grant Agreement shall have the meaning set forth in the Plan unless a contrary meaning is set forth in the Employment
Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In consideration of the mutual covenants and conditions hereinafter set forth and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Grantee agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Grant of Units</U></B><B>.</B> The Company hereby grants to the Grantee a Restricted
Stock Units Award for _____ Units, representing the right to receive the same number of shares of Stock, subject to the terms and conditions in this Grant Agreement. This Award is granted pursuant to the Plan and its terms are incorporated by
reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>2.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Vesting of Units</U></B><B>.</B> Subject to the provisions of the Plan
and Section&nbsp;3, below, the Units will vest in accordance with the schedule below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>2.1</B>&nbsp;&nbsp;&nbsp;&nbsp;____ Units will vest on <B>March</B><B></B><B>&nbsp;4, 2020</B>; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>2.2</B>&nbsp;&nbsp;&nbsp;&nbsp;An additional ____ Units will vest on
<B>March</B><B></B><B>&nbsp;4, 2021</B>; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>2.3</B>&nbsp;&nbsp;&nbsp;&nbsp;The final ____ Units will vest on
<B>March</B><B></B><B>&nbsp;4, 2022</B>. </P> <P STYLE="