Option Grant Letter Agreement Re: Grant of Options – Independent Directors Share Option Plan 2007Option Grant Letter Agreement • November 1st, 2007 • Tower Semiconductor LTD • Semiconductors & related devices
Tower Semiconductor Ltd. (the “Company”) is pleased to grant you options (“Options”) to purchase up to one hundred and fifty thousand (xxx) Ordinary Shares, nominal value NIS 1.00 each, of the Company (the “Shares”), pursuant to the Independent Directors Share Option Plan 2007 of the Company (the “Plan”), as of [ ] (the “Date of Grant”). Capitalized terms not defined in this letter agreement (this “Option Agreement”) shall have the meaning ascribed to them in the Plan.
Option Grant Letter Agreement Re: Grant of Options – Chairman Share Option Plan 2006Option Grant Letter Agreement • November 1st, 2007 • Tower Semiconductor LTD • Semiconductors & related devices
Tower Semiconductor Ltd. (the “Company”) is pleased to grant you, subject to the receipt of the Company’s shareholders’ approval, options (“Options”) to purchase up to 3,158,090 (three million one hundred and fifty eight thousand and ninety) Ordinary Shares, nominal value NIS 1.00 each, of the Company (the “Shares”), pursuant to the Chairman Share Option Plan 2006 of the Company (the “Plan”), as of the date of the shareholders of the Company approve the grant of Options to you (the “Date of Grant”). Capitalized terms not defined in this letter agreement (this “Option Agreement”) shall have the meaning ascribed to them in the Plan or in the Agreement dated as of December 21, 2006, by and between the Company and you (the “Chairman Agreement”).
