0001193125-06-222200 Sample Contracts

MASTER RESTRICTED STOCK AWARD AGREEMENT TERMS AND CONDITIONS (For Grants of Restricted Stock)
Master Restricted Stock Award Agreement • November 2nd, 2006 • Cree Inc • Semiconductors & related devices • North Carolina

This Master Restricted Stock Award Agreement (this “Agreement”) is entered into between you (the “Participant” named below) and Cree, Inc., a corporation formed under the laws of the State of North Carolina (the “Company”).

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MASTER STOCK OPTION AWARD AGREEMENT TERMS AND CONDITIONS (For Grants of Nonqualified Stock Options)
Master Stock Option Award Agreement • November 2nd, 2006 • Cree Inc • Semiconductors & related devices • North Carolina

This Master Stock Option Award Agreement (this “Agreement”) is entered into between you (the “Participant” named below) and Cree, Inc., a corporation formed under the laws of the State of North Carolina (the “Company”).

CREE, INC. SEVERANCE AGREEMENT
Severance Agreement • November 2nd, 2006 • Cree Inc • Semiconductors & related devices • North Carolina

This Severance Agreement (the “Agreement”) is entered into as of September 29, 2006 (the “Effective Date”) by and between Cree, Inc. (the “Company”) and John T. Kurtzweil (“Executive”).

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