SEC Contract Filing

Filing Date: 2017-02-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>q117exhibit103.htm
<DESCRIPTION>EXHIBIT 10.3
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<div><a name="sB854ACEA5C6418D89E2719D5F0F795D0"></a></div><div><div style="line-height:120%;padding-bottom:12px;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-bottom:12px;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Exhibit 10.3</font></div></div><div><br></div><div style="line-height:122%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:122%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">AMENDED AND RESTATED 2006 STOCK INCENTIVE PLAN </font></div><div style="line-height:122%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;padding-left:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Private &amp; Confidential (Addressee Only)</font></div><div style="line-height:100%;text-align:justify;padding-left:24px;font-size:6pt;"><font style="font-family:inherit;font-size:6pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">{EMPNAME}</font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#32;<br>{EMPNUM}</font></div><div style="line-height:100%;text-align:justify;padding-left:24px;font-size:6.5pt;"><font style="font-family:inherit;font-size:6.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;padding-left:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">We are pleased to advise you (the &#8220;Participant&#8221;) that Analog Devices, Inc., a Massachusetts corporation (the &#8220;Company&#8221;), has granted to the Participant that number of Performance Restricted Stock Units (&#8220;Performance RSUs&#8221;) set forth below, subject to the terms and conditions of the Analog Devices, Inc. Amended and Restated 2006 Stock Incentive Plan (the &#8220;Plan&#8221;) and this Performance Restricted Stock Unit Agreement, including Appendix A, which includes additional performance-based vesting conditions, and Appendix B, which includes any applicable country-specific provisions. This Performance Restricted Stock Unit Agreement, together with Appendix A and Appendix B, is referred to as the &#8220;Agreement&#8221;). The grant of Performance RSUs reflects the Company&#8217;s confidence in the Participant&#8217;s commitment and contributions to the success and continued growth of the Company. All terms not defined in this Agreement shall have the meaning set forth in the Plan.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:24px;"><font style="font-family:inherit;font-size:9pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;text-decoration:underline;">Performance Restricted Stock Unit</font><font style="font-family:inherit;font-size:9pt;">.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:12px;text-align:justify;padding-left:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Subject to the terms and conditions of the Plan and this Agreement, the Company has granted to the Participant that number of Performance RSUs (the &#8220;Award&#8221;) effective on the Date of Grant set forth below:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;color:#0000cc;font-weight:bold;">Date of Grant: &#160;&#160;&#160;&#160;{GRANTDATE}</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;color:#0000cc;font-weight:bold;">Number of Performance RSUs (&#8220;Initial Grant Number&#8221;):&#160;&#160;&#160;&#160;{PERFSHARESGRANTED}</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;color:#0000cc;font-weight:bold;">Vesting Date: &#160;&#160;&#160;&#160;{PERFVESTDATE}</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:16px;text-align:justify;padding-left:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Each one (1) Performance RSU shall, if and when it vests in accordance with this Agreement, automatically convert into one (1) share of common stock, US$0.16 2/3 par value, of the Company (&#8220;Common Stock&#8221;) issuable as provided below. The Performance RSUs are subject to the vesting provisions set forth in Section 2 (including any performance-based vesting conditions set forth in Appendix A), the restrictions on transfer set forth in Section 3, and the right of the Company to retain Shares (as defined below) pursuant to Section 7.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;