STOCK OPTION AGREEMENT under the MIPS TECHNOLOGIES, INC. 1998 LONG-TERM INCENTIVE PLANDirector Agreement Stock Option Agreement • September 8th, 2004 • Mips Technologies Inc • Semiconductors & related devices • Delaware
This Stock Option Agreement (the "Option Agreement") together with the accompanying Notice of Stock Option Grant (the "Notice") which is incorporated herein by reference, constitutes the Award Document pursuant to which the Administrator of the MIPS Technologies, Inc. 1998 Long-Term Incentive Plan (the "Plan") has granted to the Optionee named in the attached Notice an option (the "Option") to purchase the total number of shares of Common Stock as set forth in the Notice at the exercise price per share set forth in the Notice, subject to the terms and conditions of the Plan, which is incorporated herein by this reference and the Award Document. Terms defined in the Plan but not in the Award Document shall have the meanings set forth in the Plan. In the event of any conflict between the terms and conditions of the Plan and the terms and conditions of the Award Document, the terms and conditions of the Plan (including, but not limited to, Section 16) shall prevail. Any dispute regarding
