0001628280-21-002219 Sample Contracts

ON SEMICONDUCTOR CORPORATION AMENDED AND RESTATED STOCK INCENTIVE PLAN PERFORMANCE-BASED RESTRICTED STOCK UNITS AWARD AGREEMENT
Performance-Based Restricted Stock Units Award Agreement • February 16th, 2021 • On Semiconductor Corp • Semiconductors & related devices • Delaware

ON Semiconductor Corporation, a Delaware Corporation (the “Company”), hereby grants to Hassane El-Khoury (the “Grantee”), a Participant in the ON Semiconductor Corporation Amended and Restated Stock Incentive Plan, as amended from time-to-time (the “Plan”), a Performance-Based Restricted Stock Units Award (the “Award”) for units (“Units”) representing shares of the common stock of the Company (“Stock”). This agreement to grant Stock Units (this “Grant Agreement”) is made effective as of December 7, 2020 (the “Grant Date”).

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EMPLOYMENT AGREEMENT
Employment Agreement • February 16th, 2021 • On Semiconductor Corp • Semiconductors & related devices • Arizona

This Employment Agreement, dated as of December 7, 2020 (the “Agreement”), is made and entered into by and between Semiconductor Components Industries, LLC (the “Company”), a wholly-owned subsidiary of ON Semiconductor Corporation, a Delaware Corporation (the “Parent”), with offices at 5005 East McDowell Road, Phoenix, Arizona 85008, and Hassane El-Khoury (the “Executive”).

KEY OFFICER SEVERANCE AND CHANGE IN CONTROL AGREEMENT
Severance and Change in Control Agreement • February 16th, 2021 • On Semiconductor Corp • Semiconductors & related devices • Arizona

This Key Officer Severance and Change in Control Agreement, dated as of October 1, 2020 (the “Agreement”), is made and entered into between Semiconductor Components Industries, LLC (the “Company”), with offices at 5005 East McDowell Road, Phoenix, Arizona 85008, and Ross Jatou (the “Executive”).

ON SEMICONDUCTOR CORPORATION AMENDED AND RESTATED STOCK INCENTIVE PLAN RESTRICTED STOCK UNITS AWARD AGREEMENT
Restricted Stock Units Award Agreement • February 16th, 2021 • On Semiconductor Corp • Semiconductors & related devices • Delaware

ON Semiconductor Corporation, a Delaware Corporation, (the “Company”) hereby grants to Hassane El-Khoury (the “Grantee”), a Participant in the ON Semiconductor Corporation Amended and Restated Stock Incentive Plan, as amended from time-to-time (the “Plan”), a Restricted Stock Units Award (the “Award”) for units (“Units”) representing shares of the common stock of the Company (“Stock”). This agreement to grant Stock Units (this “Grant Agreement”) is made effective as of December 7, 2020 (the “Grant Date”).

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