Form of Agreement for Employees with Executive Officer Benefits Agreement] Power Integrations, Inc.Benefits Agreement • February 7th, 2022 • Power Integrations Inc • Semiconductors & related devices • Delaware
Power Integrations, Inc. (the “Company”), pursuant to its 2016 Incentive Award Plan (the “Plan”) hereby grants to Participant the Maximum Number of Long Term Performance Stock Units (“PRSUs”) as set forth below (the “PRSU Grant”). This PRSU Grant is subject to all of the terms and conditions as set forth herein, and in the Long Term Performance Stock Unit Agreement and the Plan, each of which is attached hereto and incorporated herein in its entirety. This PRSU Grant is a “performance stock unit” granted pursuant to Section 5(b) of the Plan. Capitalized terms not otherwise defined herein will have the meanings set forth in the Plan or the Long Term Performance Stock Unit Agreement. Except as otherwise expressly provided herein, in the event of any conflict between the terms in the PRSU Grant and the Plan, the terms of the Plan will control.
