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EXHIBIT 10.21
SHAREHOLDER'S AGREEMENT
THIS AGREEMENT is made as of the ___ day of ________________, 19__, by
and between DALLAS SEMICONDUCTOR CORPORATION, a Delaware corporation (the
"Company"), and _________________________________ (the "Purchaser").
WHEREAS, the Purchaser has been granted an option under the Company's
1987 Stock Option Plan to purchase shares of Common Stock, $.02 par value per
share (the "Common Stock"), of the Company; and
WHEREAS, the Purchaser and the Company desire to set forth certain
rights and obligations of the parties with respect to the Common Stock which may
from time to time be purchased by the Purchaser;
NOW, THEREFORE, IT IS HEREBY AGREED:
1. Sale and Purchase of Shares. Pursuant to the terms and conditions of
this Agreement, the Purchaser has been granted an option to purchase up to
______ shares of the Common Stock of the Company (the "Shares") for a
consideration of $_________ per share to be paid by Purchaser to the Company
upon exercise of such option in accordance with the terms of such option.
2. Company's Right to Repurchase. The Shares shall be subject to the
following right ("Repurchase Right"):
(a) If the Purchaser should cease to be employed by the Company,
for any reason or no reason, with or without cause, as determined by and in the
sole discretion of the Board of Directors of the Company (excluding leave(s) of
absence authorized in writing by the Company, specifying the date on which
Purchaser shall return to work), the Company shall have the right to repurchase
from the Purchaser, or the Purchaser's personal representative as the case may
be, all of the Shares subject to the Repurchase Right. For purposes of
determining this Repurchase Right, the parties hereby acknowledge and agree that
the Commencement Date (as used herein) with respect to the Shares shall be
deemed to be _________________, 19__.
(b) The percentage of the Shares which are subject to the
Repurchase Right shall be determined as follows:
Length of Time Employee
Has Been Employed by the Percentage of
Company Since the Shares Subject to
Commencement Date Repurchase Right
----------------- ----------------
Less than 4 completed quarters 100%
4 completed quarters 75%
5 completed quarters 68.75%
6 completed quarters 62.50%
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Length of Time Employee
Has Been Employed by the Percentage of
Company Since the Shares Subject to
Commencement Date Repurchase Right
----------------- ----------------
7 completed quarters 56.25%
8 completed quarters 50%
9 completed quarters 43.75%
10 completed quarters 37.50%
11 completed quarters 31.25%
12 completed quarters 25%
13 completed quarters 18.75%
14 completed quarters 12.50%
15 completed quarters 6.25%
16 or more completed quarters None
A completed quarter excludes the specified time during which Purchaser is on any
approved leave(s) of absence and the measurement of time from the Commencement
Date shall xxxxx during such specified time.
(c) Within sixty (60) days after the later of the date when
Purchaser's active employment ceases or the date any approved leave terminates,
Purchaser having failed to return to work within the time specified (the
"Termination Date"), upon notice to Purchaser specifying the time, place and
date for settlement, the Company may, at the Company's option, repurchase from
the Purchaser, in cash, the Shares which are subject to the Repurchase Right at
a total price equal to Purchaser's original purchase price per share as set
forth in Paragraph 1 above. If the Company expressly elects not to exercise its
Repurchase Right, or fails to exercise its Repurchase Right for whatever reason
with respect to such shares within such sixty day period, the Company's
Repurchase Right with respect to such shares shall expire.
(d) The Purchaser understands that he Is an employee at will and
that nothing in this Agreement shall interfere with or limit in any manner
whatsoever the right or power of the Company to terminate Purchaser's employment
with or without cause.
3. Rights as Stockholder; Escrow.
(a) From and after the date of issuance of the Shares and subject
to the terms and conditions of this Agreement, the Purchaser shall have all of
the rights of a stockholder of the Company with respect to the Shares unless and
until repurchased by the Company as provided hereinbefore or other disposition
of the Shares by Purchaser in accordance with the provisions of this Agreement.
(b) The parties hereby agree that all certificates representing
the Shares shall be held by either the Secretary of the Company or in an
appropriate safekeeping account maintained by the Company with a bank or other
financial institution ("Agent"). The Purchaser shall deliver to the Secretary of
the Company, for each such certificate, a duly executed stock power authorizing
any officer of the Company to effect the transfer of such Shares on the books
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of the Company in accordance with the terms of this Agreement. Upon the written
request of Purchaser delivered to the Secretary of the Company, the Company will
cause the Secretary or the Agent to deliver to Purchaser a certificate or
certificates representing such number of Shares as are not then subject to the
Repurchase Right. Within five business days after the exercise or lapse without
exercise of the Repurchase Right, the Company will direct the Secretary or the
Agent to deliver to Purchaser a certificate or certificates representing the
aggregate number of Shares, if any, not repurchased by the Company.
4. Stock Splits, Recapitalizations, Etc. In the event of any of the
following:
(a) Any stock dividend, stock split, reverse stock split, share
combination, exchange of shares, recapitalization or other change in the
character or amount of the outstanding securities of the Company; or
(b) Any consolidation, separation, reorganization, liquidation,
merger, sale of all, or substantially all, of the assets of the Company or like
event or transaction;
then any and all new, substituted or additional securities or property to which
the Purchaser is entitled by reason of ownership of the Shares shall be
immediately subject to this Agreement and be included in the term "Shares" for
all purposes of this Agreement, and the repurchase price per share specified in
Paragraph 2(c) shall be appropriately adjusted by the Board of Directors of the
Company.
5. Purchase of Additional Stock. If the Purchaser at any time after the
date of this Agreement acquires any capital stock of the Company, in addition to
that described in Paragraphs 1 and 4 above (other than capital stock acquired on
the open market and capital stock acquired from the Company which the Board of
Directors of the Company, in its sole discretion, expressly designates as not
being subject to this Agreement), or any options, rights or warrants therefor
("Additional Stock"), such Additional Stock shall be immediately subject to this
Agreement and included in the term "Shares" for all purposes of this Agreement;
provided, however, that:
(a) The repurchase price per share of such Additional Stock shall
be the purchase price per share paid or to be paid by the Purchaser therefor;
(b) Any such Additional Stock purchased pursuant to an option
that conditions the right to exercise all or part of such option upon the
passage of an amount of time in excess of three (3) years shall be deemed to be
fully vested and not subject to the Repurchase Right; and
(c) The Commencement Date for purposes of the Repurchase Right
with respect to such Additional Stock shall be the date expressly designated as
such by the Board of Directors of the Company, in its sole discretion, or absent
such a designation shall be, in the case of Additional Stock acquired pursuant
to the exercise of an option, warrant or similar right, the date of grant of
such option, warrant or right, or, in the case of Additional Stock otherwise
purchased from the Company, the date of such purchase.
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6. Investment Representations by Purchaser. The purchase of the Shares
and any Additional Stock shall be subject to the condition that, if required by
the Board of Directors of the Company, in its sole discretion, the Purchaser
shall make each of the following representations:
(a) That Purchaser is acquiring the Shares with his own funds and
not with a view to the sale or distribution of any part thereof, and that
Purchaser has no present intention of selling, granting any participation in or
otherwise distributing the same.
(b) That Purchaser has no contract, undertaking, agreement or
arrangement of any kind to sell, transfer or grant participations to any third
person with respect to the Shares or any part thereof.
(c) That Purchaser has such knowledge and experience in financial
and business matters as to be capable of evaluating the merits and risks of his
investment and is able to fend for himself in the transaction contemplated by
this Agreement. That Purchaser has the ability to bear the economic risks of his
investment and has been furnished with and has had access to such information as
would be made available in the form of a registration statement, together with
such additional information as is necessary to verify the accuracy of the
information supplied and to have all questions answered by the Company.
(d) That Purchaser is familiar with Rule 144 under the Securities
Act of 1933, as amended (the "Act"), and understands that the Shares constitute
"restricted securities" within the meaning of that Rule. That sale of the Shares
may be made only after completing certain forms of representation letters
promulgated for such sales, which may be obtained from the Secretary of the
Company. That Purchaser understands that any sale of the Shares which might be
made by him in reliance upon Rule 144 may be made only in limited amounts in
accordance with the terms and conditions of that Rule and that he may not be
able to sell the Shares at the time or in the amount Purchaser so desires.
(e) Such other representations and warranties as the Company may,
in its discretion, require.
The parties hereby acknowledge, however, that such
representations shall be deemed inapplicable to any purchase of Shares, or any
part thereof, made in accordance with the terms of a registration statement
covering such purchase, which has been filed and has become effective under the
Act, and with respect to which no stop order suspending the effectiveness
thereof has been issued.
7. Restrictive Legends.
(a) All certificates representing any Shares subject to the
Repurchase Rights provided for in this Agreement shall have endorsed thereon
substantially the following legend:
"THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
THE TERMS AND CONDITIONS OF A CERTAIN SHAREHOLDER'S AGREEMENT
WHICH, AMONG OTHER
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THINGS, RESTRICTS THE TRANSFER OF SUCH SECURITIES AND GRANTS THE
CORPORATION THE RIGHT TO REPURCHASE THESE SECURITIES UNDER
CERTAIN CONDITIONS. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON
WRITTEN REQUEST TO THE SECRETARY OF THE CORPORATION."
(b) In addition to the foregoing legend, any certificate
representing any shares, other than shares which have been registered with the
Securities and Exchange Commission (the "Commission") pursuant to an effective
registration statement under the Act with respect to which no stop order
suspending the effectiveness thereof has been issued, shall have endorsed
thereon substantially the following legends:
(i) "THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 19331 AS AMENDED
(THE ACT") NOR UNDER ANY APPLICABLE STATE LAW, AND SUCH
SHARES MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR OTHERWISE
DISPOSED OF UNLESS A REGISTRATION STATEMENT UNDER THE ACT
WITH RESPECT TO SUCH DISPOSITION SHALL THEN BE IN EFFECT
AND ALL APPLICABLE STATE AND BLUE SKY LAWS HAVE BEEN
COMPLIED WITH, OR UNLESS THE PERSON REQUESTING THE
TRANSFER OF SUCH SHARES SHALL FURNISH AN OPINION OF
COUNSEL (BOTH COUNSEL AND OPINION TO BE SATISFACTORY TO
THE CORPORATION) TO THE EFFECT THAT SUCH SALE, TRANSFER,
ASSIGNMENT OR DISPOSITION WILL NOT INVOLVE ANY VIOLATION
OF THE ACT OR ANY SUPERSEDING STATUTE OR ANY APPLICABLE
STATE OR BLUE SKY LAWS."
(ii) Any legend required to be placed thereon by applicable
state securities laws.
8. No Obligation to Transfer. The Company shall not be required W to
transfer or have transferred on its books any Shares which shall have been sold
or transferred in violation of any of the provisions set forth in this
Agreement, or (ii) to treat as the owner of such Shares or to accord the right
to vote as such owner or to pay dividends to any transferee to whom such Shares
shall have been so transferred.
9. Further Assurances. The parties agree to execute such further
instruments and to take such further action as may reasonably be necessary to
carry out the intent of this Agreement.
10. Notices. Any notice required or permitted hereunder shall be given
in writing and shall be deemed effectively given upon personal delivery or upon
deposit in the United States Post Office, by registered or certified mail, with
postage prepaid, addressed to the other party
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hereto at the address shown below his signature or at such other address as such
party may designate from time to time by advance written notice to the other
party hereto.
11. Governing Law. This Agreement shall be construed, and the provisions
hereof shall be enforced, in accordance with the laws of the State of Delaware.
12. Assigns. This Agreement shall be binding upon and inure to the
benefit of the Company and its successors and assigns and, subject to the
restrictions set forth herein on Purchaser's transfer of the Shares, shall be
binding upon and inure to the benefit of Purchaser, his heirs, executors,
administrators, guardians, transferees and assigns.
13. Entire Agreement; Amendments. This Agreement constitutes the entire
agreement of the parties with respect to the subject matter hereof. This
Agreement may be amended, modified or supplemented only by a written agreement
signed by both of the parties hereto.
14. Titles and Headings. The section titles and headings herein are for
convenience only and are not to be considered in construing or interpreting this
Agreement.
15. Execution in Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be deemed for all purposes to be an
original and all of which together shall be deemed for all purposes to be one
agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.
DALLAS SEMICONDUCTOR CORPORATION
Address for notices:
0000 Xxxxxxxx Xxxxxxx Xxxxx
Xxxxxx, Xxxxx 00000
By:
------------------------------------
PURCHASER
----------------------------------------
Address:
-------------------------------
----------------------------------------
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[87SOP/V5-3/89]
SHAREHOLDER'S AGREEMENT
THIS AGREEMENT is made as of the ___ day of _________________, 19__, by
and between DALLAS SEMICONDUCTOR CORPORATION, a Delaware corporation (the
"Company"), and ____________________________ (the "Purchaser").
WHEREAS, the Purchaser has been granted an option under the Company's
1987 Stock Option Plan to purchase shares of Common Stock, $.02 par value per
share (the "Common Stock"), of the Company; and
WHEREAS, the Purchaser and the Company desire to set forth certain
rights and obligations of the parties with respect to the Common Stock which may
from time to time be purchased by the Purchaser;
NOW, THEREFORE, IT IS HEREBY AGREED:
1. Sale and Purchase of Shares. Pursuant to the terms and conditions of
this Agreement, the Purchaser has been granted an option to purchase up to _____
shares of the Common Stock of the Company (the "Shares") for a consideration of
$___________ per share to be paid by Purchaser to the Company upon exercise of
such option in accordance with the terms of such option.
2. Company's Right to Repurchase. The Shares shall be subject to the
following right ("Repurchase Right"):
(a) If the Purchaser should cease to be employed by the Company,
for any reason or no reason, with or without cause, as determined by and in the
sole discretion of the Board of Directors of the Company (excluding leave(s) of
absence authorized in writing by the Company, specifying the date on which
Purchaser shall return to work), the Company shall have the right to repurchase
from the Purchaser, or the Purchaser's personal representative as the ease may
be, all of the Shares subject to the Repurchase Right. For purposes of
determining this Repurchase Right, the parties hereby acknowledge and agree that
the Commencement Date (as used herein) with respect to the Shares shall be
deemed to be ___________________, 20__.
(b) The percentage of the Shares which are subject to the
Repurchase Right shall be determined as follows:
Length of Time Employee
Has Been Employed by the Percentage of
Company Since the Shares Subject to
Commencement Date Repurchase Right
----------------- ----------------
Less than 4 completed quarters 100%
4 completed quarters 80%
5 completed quarters 75%
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Length of Time Employee
Has Been Employed by the Percentage of
Company Since the Shares Subject to
Commencement Date Repurchase Right
----------------- ----------------
6 completed quarters 70%
7 completed quarters 65%
8 completed quarters 60%
9 completed quarters 55%
10 completed quarters 50%
11 completed quarters 45%
12 completed quarters 40%
13 completed quarters 35%
14 completed quarters 30%
15 completed quarters 25%
16 completed quarters 20%
17 completed quarters 15%
18 completed quarters 10%
19 completed quarters 5%
20 or more completed quarters None
A completed quarter excludes the specified time during which Purchaser is on any
approved leave(s) of absence and the measurement of time from the Commencement
Date shall xxxxx during such specified time.
(c) Within sixty (60) days after the later of the date when
Purchaser's active employment ceases or the date any approved leave terminates,
Purchaser having failed to return to work within the time specified (the
"Termination Date"), upon notice to Purchaser specifying the time, place and
date for settlement, the Company may, at the Company's option, repurchase from
the Purchaser, in cash, the Shares which are subject to the Repurchase Right at
a total price equal to Purchaser's original purchase price per share as set
forth in Paragraph 1 above. If the Company expressly elects not to exercise its
Repurchase Right, or fails to exercise its Repurchase Right for whatever reason
with respect to such shares within such sixty day period, the Company's
Repurchase Right with respect to such shares shall expire.
(d) The Purchaser understands that he is an employee at will and
that nothing in this Agreement shall interfere with or limit in any manner
whatsoever the right or power of the Company to terminate Purchaser's employment
with or without cause.
3. Rights as Stockholder; Escrow.
(a) From and after the date of issuance of the Shares and subject
to the terms and conditions of this Agreement, the Purchaser shall have an of
the rights of a stockholder of the Company with respect to the Shares unless and
until repurchased by the Company as provided hereinbefore or other disposition
of the Shares by Purchaser in accordance with the provisions of this Agreement.
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(b) The parties hereby agree that all certificates representing
the Shares shall be held by either the Secretary of the Company or in an
appropriate safekeeping account maintained by the Company with a bank or other
financial institution ("Agent"). The Purchaser shall deliver to the Secretary of
the Company, for each such certificate, a duly executed stock power authorizing
any officer of the Company to effect the transfer of such Shares on the books of
the Company in accordance with the terms of this Agreement. Upon the written
request of Purchaser delivered to the Secretary of the Company, the Company will
cause the Secretary or the Agent to deliver to Purchaser a certificate or
certificates representing such number of Shares as are not then subject to the
Repurchase Right. Within five business days after the exercise or lapse without
exercise of the Repurchase Right, the Company will direct the Secretary or the
Agent to deliver to Purchaser a certificate or certificates representing the
aggregate number of Shares, if any, not repurchased by the Company.
4. Stock Splits, Recapitalizations, Etc. In the event of any of the
following:
(a) Any stock dividend, stock split, reverse stock split, share
combination, exchange of shares, recapitalization or other change in the
character or amount of the outstanding securities of the Company; or
(b) Any consolidation, separation, reorganization, liquidation,
merger, sale of all, or substantially all, of the assets of the Company or like
event or transaction;
then any and all new, substituted or additional securities or property to which
the Purchaser is entitled by reason of ownership of the Shares shall be
immediately subject to this Agreement and be included in the term "Shares" for
all purposes of this Agreement, and the repurchase price per share specified in
Paragraph 2(c) shall be appropriately adjusted by the Board of Directors of the
Company.
5. Purchase of Additional Stock. If the Purchaser at any time after the
date of this Agreement acquires any capital stock of the Company, in addition to
that described in Paragraphs 1 and 4 above (other than capital stock acquired on
the open market and capital stock acquired from the Company which the Board of
Directors of the Company, in its sole discretion, expressly designates as not
being subject to this Agreement), or any options, rights or warrants therefor
("Additional Stock"), such Additional Stock shall be immediately subject to this
Agreement and included in the term "Shares" for an purposes of this Agreement;
provided, however, that:
(a) The repurchase price per share of such Additional Stock shall
be the purchase price per share paid or to be paid by the Purchaser therefor;
(b) Any such Additional Stock purchased pursuant to an option
that conditions the right to exercise all or part of such option upon the
passage of an amount of time in excess of three (3) years shall be deemed to be
fully vested and not subject to the Repurchase Right; and
(c) The Commencement Date for purposes of the Repurchase Right
with respect to such Additional Stock shall be the date expressly designated as
such by the Board of
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Directors of the Company, in its sole discretion, or absent such a designation
shall be, in the case of Additional Stock acquired pursuant to the exercise of
an option, warrant or similar right, the date of grant of such option, warrant
or right, or, in the case of Additional Stock otherwise purchased from the
Company, the date of such purchase.
6. Investment Representations by Purchaser. The purchase of the Shares
and any Additional Stock shall be subject to the condition that, if required by
the Board of Directors of the Company, in its sole discretion, the Purchaser
shall make each of the following representations:
(a) That Purchaser is acquiring the Shares with his own funds and
not with a view to the sale or distribution of any part thereof, and that
Purchaser has no present intention of selling, granting any participation in or
otherwise distributing the same.
(b) That Purchaser has no contract, undertaking, agreement or
arrangement of any kind to sell, transfer or grant participations to any third
person with respect to the Shares or any part thereof.
(c) That Purchaser has such knowledge and experience in financial
and business matters as to be capable of evaluating the merits and risks of his
investment and is able to fend for himself in the transaction contemplated by
this Agreement. That Purchaser has the ability to bear the economic risks of his
investment and has been furnished with and has had access to such Information as
would be made available in the form of a registration statement, together with
such additional information as is necessary to verify the accuracy of the
information supplied and to have all questions answered by the Company.
(d) That Purchaser is familiar with Rule 144 under the Securities
Act of 1933, as amended (the "Act"), and understands that the Shares constitute
"restricted securities" within the meaning of that Rule. That sale of the Shares
may be made only after completing certain forms of representation letters
promulgated for such sales, which may be obtained from the Secretary of the
Company. That Purchaser understands that any sale of the Shares which might be
made by him in reliance upon Rule 144 may be made only in limited amounts in
accordance with the terms and conditions of that Rule and that he may not be
able to sell the Shares at the time or in the amount Purchaser so desires.
(e) Such other representations and warranties as the Company may,
in its discretion, require.
The parties hereby acknowledge, however, that such
representations shall be deemed inapplicable to any purchase of Shares, or any
part thereof, made in accordance with the terms of a registration statement
covering such purchase, which has been filed and has become effective under the
Act, and with respect to which no stop order suspending the effectiveness
thereof has been issued.
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7. Restrictive Legends.
(a) All certificates representing any Shares subject to the
Repurchase Rights provided for in this Agreement shall have endorsed thereon
substantially the following legend:
"THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
THE TERMS AND CONDITIONS OF A CERTAIN SHAREHOLDER'S AGREEMENT
WHICH, AMONG OTHER THINGS, RESTRICTS THE TRANSFER OF SUCH
SECURITIES AND GRANTS THE CORPORATION THE RIGHT TO REPURCHASE
THESE SECURITIES UNDER CERTAIN CONDITIONS. COPIES OF SUCH
AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY
OF THE CORPORATION."
(b) In addition to the foregoing legend, any certificate
representing any shares, other than shares which have been registered with the
Securities and Exchange Commission (the "Commission") pursuant to an effective
registration statement under the Act with respect to which no stop order
suspending the effectiveness thereof has been issued, shall have endorsed
thereon substantially the following legends:
(i) "THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933v AS AMENDED
(THE "ACT") NOR UNDER ANY APPLICABLE STATE LAW, AND SUCH
SHARES MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR OTHERWISE
DISPOSED OF UNLESS A REGISTRATION STATEMENT UNDER THE ACT
WITH RESPECT TO SUCH DISPOSITION SHALL THEN BE IN EFFECT
AND ALL APPLICABLE STATE AND BLUE SKY LAWS HAVE BEEN
COMPLIED WITH, OR UNLESS THE PERSON REQUESTING THE
TRANSFER OF SUCH SHARES SHALL FURNISH AN OPINION OF
COUNSEL (BOTH COUNSEL AND OPINION TO BE SATISFACTORY TO
THE CORPORATION) TO THE EFFECT THAT SUCH SALE, TRANSFER,
ASSIGNMENT OR DISPOSITION WILL NOT INVOLVE ANY VIOLATION
OF THE ACT OR ANY SUPERSEDING STATUTE OR ANY APPLICABLE
STATE OR BLUE SKY LAWS."
(ii) Any legend required to be placed thereon by applicable
state securities laws.
8. No Obligation to Transfer. The Company shall not be required (i) to
transfer or have transferred on its books any Shares which shall have been sold
or transferred in violation of any of the provisions set forth in this
Agreement, or (ii) to treat as the owner of such Shares or to accord the right
to vote as such owner or to pay dividends to any transferee to whom such Shares
shall have been so transferred.
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9. Further Assurances. The parties agree to execute such further
instruments and to take such further action as may reasonably be necessary to
carry out the intent of this Agreement.
10. Notices. Any notice required or permitted hereunder shall be given
in writing and shall be deemed effectively given upon personal delivery or upon
deposit in the United States Post Office, by registered or certified mail, with
postage prepaid, addressed to the other party hereto at the address shown below
his signature or at such other address as such party may designate from time to
time by advance written notice to the other party hereto.
11. Governing Law. This Agreement shall be construed, and the provisions
hereof shall be enforced, in accordance with the laws of the State of Delaware.
12. Assigns. This Agreement shall be binding upon and inure to the
benefit of the Company and its successors and assigns and, subject to the
restrictions set forth herein on Purchaser's transfer of the Shares, shall be
binding upon and Inure to the benefit of Purchaser, his heirs, executors,
administrators, guardians, transferees and assigns.
13. Entire Agreement; Amendments. This Agreement constitutes the entire
agreement of the parties with respect to the subject matter hereof. This
Agreement may be amended, modified or supplemented only by a written agreement
signed by both of the parties hereto.
14. Titles and Headings. The section titles and headings herein are for
convenience only and are not to be considered in construing or interpreting this
Agreement.
15. Execution in Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be deemed for all purposes to be an
original and all of which together shall be deemed for all purposes to be one
agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.
DALLAS SEMICONDUCTOR CORPORATION
Address for notices:
0000 Xxxxxxxx Xxxxxxx Xxxxx
Xxxxxx, Xxxxx 00000
By:
------------------------------------
PURCHASER
----------------------------------------
Address:
-------------------------------
----------------------------------------
13
AMENDMENT TO
SHAREHOLDER'S AGREEMENT
THIS AMENDMENT is made as of the ____ day of ____________, 19__, by and
between DALLAS SEMICONDUCTOR CORPORATION, a Delaware corporation (the
"Company"), and ______________________________________________________________
(the "Purchaser").
WHEREAS, the Company and Purchaser entered into that certain
Shareholder's Agreement ("Agreement") dated as of _________________, 19__.
WHEREAS, on _________________, 19__, subsequent to the execution and
delivery of said Agreement, Purchaser was granted an additional option to
purchase up to _______ shares of the Company's Common Stock ("New Shares") under
the Company's 1987 Stock Option Plan, which are included within the definition
of "Additional Stock" as provided in Paragraph 5 of the Agreement;
WHEREAS, Purchaser and the Company desire to alter the terms under the
Agreement as it relates to the New Shares;
NOW, THEREFORE, IT IS HEREBY AGREED:
1. Defined Terms. Terms used herein and not otherwise defined herein
shall have the same meanings as defined for such terms in the Agreement.
2. Repurchase Right. The New Shares shall be subject to the Repurchase
Right as provided in Paragraph 2 of the Agreement, except that the terms thereof
(as they relate only to the New Shares, but to no other Shares) shall be amended
as follows:
(a) For purposes of determining the Repurchase Right with respect
to the New Shares, the parties hereby acknowledge and agree that the
Commencement Date (only with respect to the New Shares) shall be deemed to be
______________, 19__.
(b) The percentage of the New Shares which are subject to the
Repurchase Right shall be determined as follows:
Length of Time Employee
Has Been Employed by the Percentage of
Company Since the Shares Subject to
Commencement Date Repurchase Right
----------------- ----------------
Less than 4 completed quarters 100%
4 completed quarters 75%
5 completed quarters 68.75%
6 completed quarters 62.50%
7 completed quarters 56.25%
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Length of Time Employee
Has Been Employed by the Percentage of
Company Since the Shares Subject to
Commencement Date Repurchase Right
----------------- ----------------
8 completed quarters 50%
9 completed quarters 43.75%
10 completed quarters 37.50%
11 completed quarters 31.25%
12 completed quarters 25%
13 completed quarters 18.75%
14 completed quarters 12.50%
15 completed quarters 6.25%
16 or more completed quarters None
3. Agreement Ratified. Except as expressly amended hereby, the Agreement
is and shall remain in full force and effect and is hereby ratified and
confirmed in all respects.
4. Entire Agreement. This Amendment, together with the Agreement,
constitute the entire agreement of the parties with respect to the subject
matter hereof. The Agreement may be further amended, modified and supplemented
only by a written agreement signed by both of the parties hereto.
5. Titles and Headings. The section titles and headings herein are for
convenience only and are not to be considered in construing or interpreting this
Amendment or the Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the day and year first above written.
DALLAS SEMICONDUCTOR CORPORATION
By:
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PURCHASER:
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