SEC Contract Filing

Filing Date: 2016-02-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.18
<SEQUENCE>2
<FILENAME>isil-20160101ex10182861a.htm
<DESCRIPTION>EX-10.18
<TEXT>
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 Exhibit 1018
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 <a name="_GoBack"></a><font style="display: inline;">AMENDED and RESTATED EXECUTIVE</font><br /><font style="display: inline;">CHANGE IN CONTROL</font><br /><font style="display: inline;">SEVERANCE BENEFITS AGREEMENT</font>
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 <font style="display: inline;font-weight:bold;">THIS AMENDED AND RESTATED EXECUTIVE CHANGE IN CONTROL SEVERANCE BENEFITS AGREEMENT</font><font style="display: inline;"> (the &#x201C;</font><font style="display: inline;font-weight:bold;">Agreement</font><font style="display: inline;">&#x201D;) is entered into on _____________________, between </font><font style="display: inline;">________________</font><font style="display: inline;"> (&#x201C;</font><font style="display: inline;font-weight:bold;">Executive</font><font style="display: inline;">&#x201D;) and </font><font style="display: inline;font-weight:bold;">INTERSIL CORPORATION</font><font style="display: inline;">, a Delaware corporation (the &#x201C;</font><font style="display: inline;font-weight:bold;">Company</font><font style="display: inline;">&#x201D;).</font>
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 <font style="display: inline;font-weight:bold;">WHEREAS</font><font style="display: inline;">, this Agreement is intended to provide Executive with the compensation and benefits described herein upon the occurrence of specific events after the date hereof.</font>
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 <font style="display: inline;font-weight:bold;">NOW THEREFORE</font><font style="display: inline;">, the Company and Executive hereby agree as follows:</font>
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 <font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:uppercase;text-decoration:none;font-size:12pt;text-decoration:none;line-height:100%;text-align:center;display: inline;padding:0pt 1pt 0pt 0pt;">Article I</font>
 <br /><font style="display: inline;color:#000000;">EMPLOYMENT BY THE COMPANY</font></p></td></tr></table></div>
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 <font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;text-decoration:none;font-size:12pt;text-decoration:none;border-bottom:1pt none #D9D9D9;line-height:100%;;;padding:0pt 22pt 0pt 0pt;"> 1.1</font>
 <font style="display: inline;color:#000000;">Executive is currently employed as an executive of the Company.</font></p></td></tr></table></div>
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 <font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;text-decoration:none;font-size:12pt;text-decoration:none;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;;;padding:0pt 22pt 0pt 0pt;"> 1.2</font>
 <font style="display: inline;color:#000000;">This Agreement shall remain in full force and effect during its term as described in Section 7.7, below.</font></p></td></tr></table></div>
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 <font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;text-decoration:none;font-size:12pt;text-decoration:none;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;;;padding:0pt 22pt 0pt 0pt;"> 1.3</font>
 <font style="display: inline;color:#000000;">The Company and Executive wish to set forth the compensation and benefits which Executive shall be entitled to receive if Executive&#x2019;s employment with the Company terminates following a Change in Control under the circumstances described in Article II of this Agreement.</font></p></td></tr></table></div>
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