SEC Contract Filing

Filing Date: 2020-03-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>5
<FILENAME>quik-ex108_551.htm
<DESCRIPTION>EX-10.8 QUICKLOGIC 2009 ESPP PLAN, AS AMENDED
<TEXT>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.8</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">QUICKLOGIC CORPORATION<br />2009 EMPLOYEE STOCK PURCHASE PLAN</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(As Amended on March 6, 2019)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:12pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:54pt;"></font><font style="text-decoration:underline;">PURPOSE</font>.&nbsp;&nbsp;The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated payroll deductions.&nbsp;&nbsp;It is the intention of the Company to have the Plan qualify as an &#8220;Employee Stock Purchase Plan&#8221; under Section 423 of the Internal Revenue Code of 1986, as amended.&nbsp;&nbsp;The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:54pt;"></font><font style="text-decoration:underline;">DEFINITIONS</font>.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.41%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Applicable Laws</font>&#8221; shall mean the requirements relating to the administration of equity-based awards under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where options are, or shall be, granted under the Plan.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.41%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)<font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Board</font>&#8221; shall mean the Board of Directors of the Company or any committee thereof designated by the Board in accordance with Section 14 of the Plan.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.41%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)<font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Code</font>&#8221; shall mean the Internal Revenue Code of 1986, as amended.&nbsp;&nbsp;Any reference to a section of the Code herein shall be a reference to any successor or amended section of the Code.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.41%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)<font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Common Stock</font>&#8221; shall mean the common stock of the Company.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.41%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(e)<font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Company</font>&#8221; shall mean QuickLogic Corporation, a Delaware corporation.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.41%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(f)<font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Compensation</font>&#8221; shall mean all base straight time gross earnings, overtime and incentive/variable compensation, but exclusive of bonuses and other compensation.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.41%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(g)<font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Designated Subsidiary</font>&#8221; shall mean any Subsidiary which has been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.41%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-var