<SUBMISSION>
<ACCESSION-NUMBER>0001193125-09-160907
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>6
<PERIOD>20090728
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20090731
<DATE-OF-FILING-DATE-CHANGE>20090731
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>LAM RESEARCH CORP
<CIK>0000707549
<ASSIGNED-SIC>3559
<IRS-NUMBER>942634797
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0629
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-12933
<FILM-NUMBER>09977986
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>4650 CUSHING BLVD
<CITY>FREMONT
<STATE>CA
<ZIP>94538
<PHONE>5106590200
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>4650 CUSHING PARKWAY
<CITY>FREMONT
<STATE>CA
<ZIP>94538
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P
STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:3px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P
STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>FORM 8-K </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Current Report Pursuant to Section&nbsp;13 or 15(d) of the </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Securities
Exchange Act of 1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Date of report (Date of earliest event reported): July&nbsp;28, 2009 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>LAM RESEARCH CORPORATION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(Exact name of registrant as specified in
its charter)</I></B><B> </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Delaware </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(State or Other
Jurisdiction of Incorporation)</I></B><B> </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>0-12933</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>94-2634797</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(Commission File Number)</I></B><B></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(IRS Employer Identification Number)</I></B><B></B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>4650 Cushing Parkway </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Fremont, California 94538 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(Address of principal executive offices
including zip code)</I></B><B> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(510)&nbsp;572-0200 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B></B><B><I>(Registrant&#146;s telephone number, including area code)</I></B><B> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Not Applicable
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(Former name or former address, if changed since last report)</I></B><B> </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><FONT FACE="WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:3px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P
STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>TABLE OF CONTENTS </U></B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><A HREF="#tx43252_1">Item&nbsp;
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><A HREF="#tx43252_2">Item&nbsp;9.01 Financial Statements and Exhibits.</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><A HREF="#tx43252_3">SIGNATURES</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I><A NAME="tx43252_1"></A>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">On July&nbsp;28, 2009, Lam Research Corporation (the
&#147;Company&#148;) entered into Employment Agreements with Stephen G. Newberry (the &#147;Newberry Agreement&#148;), Martin B. Anstice (the &#147;Anstice Agreement&#148;), and Ernest E. Maddock (the &#147;Maddock Agreement&#148;). The Company also
entered into change in control agreements (the &#147;Change in Control Agreements&#148;) with certain other executive officers of the Company, including Abdi Hariri and Richard Gottscho. All of the agreements are effective as of July&nbsp;1, 2009.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The summaries of the terms of the agreements that follow are qualified in their entirety by the respective texts of such agreements. The Newberry
Agreement, the Anstice Agreement, the Maddock Agreement, and the form of the Change in Control Agreements are attached as Exhibits 10.1, 10.2, 10.3, and 10.4, respectively, to this Current Report on Form 8-K and are incorporated herein by reference
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Newberry Agreement </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Newberry Agreement supersedes
the Employment Agreement between the Company and Mr.&nbsp;Newberry dated January&nbsp;1, 2003, as amended December&nbsp;17, 2008. The Newberry Agreement provides that Mr.&nbsp;Newberry shall serve as the Company&#146;s President and Chief Executive
Officer, for a term commencing on July&nbsp;1, 2009 and ending on June&nbsp;30, 2012, subject to the right of the Company or Mr.&nbsp;Newberry, under certain circumstances, to terminate the Newberry Agreement prior to June&nbsp;30, 2012, and
provided that Mr.&nbsp;Newberry&#146;s employment under the Newberry Agreement will terminate immediately upon his death or &#147;disability,&#148; as defined in the Newberry Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Under the Newberry Agreement, Mr.&nbsp;Newberry will receive a base salary of $800,000 per year ($660,000 per year while the Company&#146;s current executive salary reduction program remains in effect), subject to
annual adjustment at the discretion of the independent members of the Board. Mr.&nbsp;Newberry is also entitled to participate in any short-term or long-term variable compensation plans offered by the Company to its executive officers generally,
subject to the applicable terms and conditions of such plans and the determination of the independent members of the Board, and to participate in the Company&#146;s Elective Deferred Compensation Plan. Mr.&nbsp;Newberry will receive other benefits,
such as health insurance, vacation, and other benefit plans and compensation programs generally applicable to executive officers of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">If a
&#147;change in control&#148; (as defined in the Newberry Agreement) of the Company occurs during the period of Mr.&nbsp;Newberry&#146;s employment under the Newberry Agreement, and if there is an &#147;involuntary termination&#148; (as defined in
the Newberry Agreement) of Mr.&nbsp;Newberry&#146;s employment either in contemplation of or within the 12 months following such change in control, Mr.&nbsp;Newberry will be entitled to (1)&nbsp;a lump-sum cash payment equal to 18 months of
Mr.&nbsp;Newberry&#146;s then-current base salary (without giving effect to any salary reduction program currently in place), plus an amount equal to the average of the last five annual payments made to Mr.&nbsp;Newberry under the Company&#146;s
Annual Incentive Plan or any predecessor or successor plans (the &#147;Short Term Plan,&#148; and such average, the &#147;Short Term Plan Average&#148;), plus an additional amount equal to the Short Term Plan Average multiplied by the number of full
months worked in the calendar year in which Mr.&nbsp;Newberry&#146;s employment is terminated divided by twelve; (2)&nbsp;payment of any amounts under the Short Term Plan which were earned by Mr.&nbsp;Newberry but not yet paid; (3)&nbsp;medical
benefits, as described in the Newberry Agreement; (4)&nbsp;vesting, as of the date of termination, of the unvested portions of any stock option or restricted stock unit awards granted to Mr.&nbsp;Newberry prior to the change in control, and issuance
of shares underlying any restricted stock units (&#147;RSUs&#148;) within 10 days of the date of termination; and (5)&nbsp;payment of any amounts accrued as of the change in control under any long-term cash-based variable compensation plans of the
Company (the &#147;Long Term Plans&#148;), plus an amount equal to the remaining target amount under the Long Term Plans. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">If Mr.&nbsp;Newberry is
involuntarily terminated other than in connection with a change in control, he will be entitled to (1)&nbsp;a lump-sum cash payment equal to 18 months of Mr.&nbsp;Newberry&#146;s then-current base salary (without giving effect to any salary
reduction program currently in place), plus an amount equal to the Short Term Plan Average, plus an amount equal to the amount which Mr.&nbsp;Newberry would have earned under the Short Term Plan for such calendar year multiplied by the number of
full months worked in the calendar year in which Mr.&nbsp;Newberry&#146;s employment is terminated divided by twelve (the &#147;Pro-Rated Short Term Plan Amount&#148;); (2)&nbsp;payment of certain accrued but unpaid amounts under the Short Term Plan
and any Long Term Plan; (3)&nbsp;medical benefits, as described in the Newberry Agreement; and (4)&nbsp;vesting of any unvested stock options or RSUs that were granted twelve (12)&nbsp;months or more before the termination date, in an amount such
that the total vested shares under any such awards equals the total number of calendar months worked, divided by the total number of months over which such award vests, multiplied by the number of shares subject to such award. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In the event of Mr.&nbsp;Newberry&#146;s death or disability, he (or his estate) will be entitled to (1)&nbsp;a lump-sum cash payment equal to 12 months of
Mr.&nbsp;Newberry&#146;s then-current base salary (without giving effect to any salary reduction program currently in place) less, in the case of Mr.&nbsp;Newberry&#146;s death, certain insurance payments plus the Pro-Rated Short Term Plan Amount;
(2)&nbsp;payment of certain accrued but unpaid amounts under the Short Term Plan and any Long Term Plan; (3)&nbsp;medical benefits (in the case of Mr.&nbsp;Newberry&#146;s death, benefits to which Mr.&nbsp;Newberry&#146;s dependents are entitled);
and (4)&nbsp;vesting of any unvested stock options or RSUs, in an amount equal to the greater of 50% of such awards or an amount such that the total vested shares under any such awards equals the total number of calendar months worked, divided by
the total number of months over which such award vests, multiplied by the number of shares subject to such award. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In the event of any other termination of
Mr.&nbsp;Newberry&#146;s employment during the term of the Newberry Agreement, Mr.&nbsp;Newberry will be entitled to payment of any earned but unpaid base salary, any accrued and unused vacation, and reimbursement for any expenses incurred in
connection with the business of the Company. If Mr.&nbsp;Newberry voluntarily resigns, he will be entitled to no additional benefits, any unvested stock options will be cancelled 90 days after the date of termination unless earlier exercised, and
any RSUs will be cancelled on the date of termination. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Newberry Agreement subjects Mr.&nbsp;Newberry to customary confidentiality and non-competition obligations during the
term of the Newberry Agreement, and non-solicitation obligations for a period of six months following the termination of his employment. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Anstice
Agreement </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The terms of the Anstice Agreement are substantively similar to those of the Newberry Agreement, with the following material differences:
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Anstice Agreement provides that Mr.&nbsp;Anstice shall serve as an Executive Vice President of the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Under the Anstice Agreement, Mr.&nbsp;Anstice will receive a base salary of $450,000 ($393,750 per year while the Company&#146;s executive salary reduction program
remains in effect), subject to annual adjustment at the discretion of the Compensation Committee of the Board. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The severance terms of the Anstice
Agreement are generally similar to those of the Newberry Agreement, provided that (1)&nbsp;Mr.&nbsp;Anstice will receive 12 months&#146; base salary instead of 18 months&#146; base salary in the event of his involuntary termination, whether or not
in connection with a change in control; (2)&nbsp;instead of a payment of the full Short Term Plan Average, a payment of 50% of the Short Term Plan Average; and (3)&nbsp;in the event of death or disability, neither Mr. Anstice nor his estate will be
entitled to any payment based on Mr.&nbsp;Anstice&#146;s base salary. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Maddock Agreement </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The terms of the Maddock Agreement are substantively similar to those of the Anstice Agreement, with the following material differences: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Maddock Agreement provides that Mr.&nbsp;Maddock shall serve as a Senior Vice President of the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Under the Maddock Agreement, Mr.&nbsp;Maddock will receive a base salary of $440,000 ($385,000 per year while the Company&#146;s executive salary reduction program
remains in effect), subject to annual adjustment at the discretion of the Compensation Committee of the Board. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Change in Control Agreements
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Change in Control Agreements provide that, if a &#147;change in control&#148; (as defined in the applicable Change in Control Agreement) of the
Company occurs during the period of employment of the applicable executive officer under the Change in Control Agreement, and there is an &#147;involuntary termination&#148; (as defined in the Change in Control Agreement) of the executive
officer&#146;s employment either in contemplation of or within the 12 months following such change in control, the executive officer will be entitled to payments and benefits substantively similar to those contained in the change of control
provisions of the Anstice Agreement and the Maddock Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Change in Control Agreements contain confidentiality, non-competition, and
non-solicitation terms which are substantively similar to those of the Newberry Agreement, the Anstice Agreement and the Maddock Agreement. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I><A NAME="tx43252_2"></A>Item&nbsp;9.01 Financial Statements and Exhibits. </I></B></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Exhibits.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">10.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Employment Agreement with Stephen G. Newberry, effective July 1, 2009</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">10.2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Employment Agreement with Martin B. Anstice, effective July 1, 2009</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">10.3</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Employment Agreement with Ernest E. Maddock, effective July 1, 2009</FONT></TD></TR>
<TR>
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<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">10.4</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Form of Change in Control Agreement</FONT></TD></TR>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><A NAME="tx43252_3"></A>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Date: July&nbsp;31, 2009 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">LAM RESEARCH CORPORATION</FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Sarah A. O&#146;Dowd</FONT></P></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sarah A. O&#146;Dowd</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><I>Group&nbsp;Vice&nbsp;President,&nbsp;HR&nbsp;and&nbsp;Chief&nbsp;Legal&nbsp;Officer </I></FONT></TD></TR>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit Index </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">10.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Employment Agreement with Stephen G. Newberry, effective July&nbsp;1, 2009</FONT></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">10.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Employment Agreement with Martin B. Anstice, effective July 1, 2009</FONT></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">10.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Employment Agreement with Ernest E. Maddock, effective July 1, 2009</FONT></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">10.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Form of Change in Control Agreement</FONT></TD></TR>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>dex101.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT WITH STEPHEN G. NEWBERRY
<TEXT>
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<TITLE>Employment Agreement with Stephen G. Newberry</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
FACE="Times New Roman" SIZE="2">Stephen G. Newberry Employment Agreement </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EMPLOYMENT AGREEMENT </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Effective July&nbsp;1, 2009 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This
Employment Agreement (the &#147;Agreement&#148;) is made and entered into between Stephen G. Newberry (the &#147;Executive&#148;) and Lam Research Corporation, a Delaware corporation (the &#147;Company&#148;). </FONT></P> <P
STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">R E C I T A L S </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A. The Company and
Executive desire to enter into this Agreement with respect to the Executive&#146;s employment with the Company, which supersedes the Employment Agreement between the parties dated January&nbsp;1, 2003 as amended December&nbsp;17, 2008 (the
&#147;Original Agreement&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In consideration of the mutual covenants herein contained, and in consideration of the employment of
Executive by the Company, the parties agree as follows: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. <U>Duties and Scope of Employment</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Position</U>. During the Employment Period (as defined in Section&nbsp;2(a) below), the Executive shall serve as the President and Chief Executive
Officer of the Company, and in such capacity the Executive shall perform the duties and responsibilities as the Board of Directors of the Company (the &#147;Board&#148;) may, from time to time, reasonably assign to Executive, in all cases to be
consistent with Executive&#146;s offices and positions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Executive&#146;s Obligations</U>. Executive shall comply with all of the
Company&#146;s policies and procedures governing employment. During the Employment Period, the Executive shall devote his full business efforts and time to the Company. The foregoing, however, shall not preclude the Executive from engaging in such
activities and services as do not interfere or conflict with his responsibilities to the Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. <U>Employment Period</U>. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Term</U>. The Company shall employ the Executive for the period commencing on July&nbsp;1, 2009, and ending on June&nbsp;30, 2012 (such period,
the &#147;Employment Period&#148;) on the terms and subject to the conditions set forth in this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Termination</U>. This
Agreement will terminate at the conclusion of the Employment Period unless the parties agree to extend it. The Board will provide notice of its intent whether to renew or enter into a new employment agreement with the Executive twelve
(12)&nbsp;months prior to the end of the Employment Period. If the Board provides notice of its intent to renew or enter into a new employment agreement with the Executive, the Company and the Executive will enter into good faith negotiations.
Neither (i)&nbsp;providing a notice of intent not to renew or enter into a new employment agreement nor (ii)&nbsp;the failure to renew or enter into a new employment agreement will be considered an Involuntary Termination as defined in
Section&nbsp;7(c). Nothing contained in this Agreement alters the &#147;at will&#148; nature of the Executive&#146;s employment with the Company. In addition, this Agreement may be terminated prior to expiration of the Employment Period as follows:
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>By the Company</U>. The Company may terminate the Executive&#146;s employment for Cause (as
defined in Section&nbsp;7(a) below), by giving the Executive thirty (30)&nbsp;days&#146; advance written notice, subject, however, to the cure provisions of such Section. The Company may terminate the Executive&#146;s employment with the Company for
any reason (other than due to the Executive&#146;s death or Disability, which are addressed in Sections 2(c) and 2(d) below) by giving the Executive ninety (90)&nbsp;days&#146; advance notice in writing, although the Company may pay to the Executive
the compensation Executive would have otherwise received during such period in lieu of such notice. Unless such termination by the Company is a termination for Cause or due to the Executive&#146;s death or Disability, it shall be regarded as an
Involuntary Termination of the Executive. Any waiver of notice shall be valid only if it is made in writing and expressly refers to the applicable notice requirement of this Section&nbsp;2(b). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>By the Executive</U>. The Executive may terminate his employment with the Company by reason of Involuntary Termination (as defined in
Section&nbsp;7(c) below) by giving the Company thirty (30)&nbsp;days&#146; advance written notice, subject, however, to the cure provisions of such Section. The Executive may tender his Voluntary Resignation (as defined in this Agreement) by giving
the Company ninety (90)&nbsp;days&#146; advance written notice, which period may be waived or reduced at the Company&#146;s option, although the Company may choose to pay the Executive, in lieu of such notice period the amounts that would otherwise
be due to the Executive during such period. Any waiver or reduction of notice shall be valid only if it is made in writing and expressly refers to the applicable notice requirement of this Section&nbsp;2(b). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Death</U>. The Executive&#146;s employment shall terminate immediately in the event of his death. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Disability</U>. The Executive&#146;s employment shall terminate in the event of his Disability (as defined in Section&nbsp;7(b) below).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Priority of Rights and Obligations upon Termination</U>. If any event leading to or permitting termination of this Agreement, or
providing notice thereof, occurs at approximately the same time as any other termination event or during any termination notice period, and those events invoke different notice periods or different severance or other benefit arrangements, the
deadlines, obligations, rights and benefits applicable to the termination event having the highest priority shall control. The priority of termination events (from highest to lowest priority) is as follows: (1)&nbsp;termination for Cause;
(2)&nbsp;Voluntary Resignation; (3)&nbsp;Involuntary Termination; (4)&nbsp;Disability; and (5)&nbsp;death. For example, if Executive gives notice of his Voluntary Resignation and, before the 90 day notice period has expired, he is subject to an
Involuntary Termination, only the rights and benefits available to him for Voluntary Resignation apply since the provisions governing Voluntary Resignation have a higher priority than those applicable to Involuntary Termination. Similarly, if the
Executive has been subject to an Involuntary Termination and dies during the notice period, he shall have the rights and benefits available to his estate as one subject to an Involuntary Termination. Expiration of this Agreement prevails over all
termination events. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 2 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. <U>Compensation and Benefits</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Base Compensation</U>. During the term of this Agreement, the Company shall pay the Executive as compensation for services a base salary at the
annual rate of $800,000 ($660,000 while the executive salary reduction program in effect as of the date of this Agreement remains in effect). The independent members of the Board, at least annually, will review, and potentially adjust, such base
salary on a prospective basis, reasonably taking into account Executive&#146;s performance and prevailing compensation for executives at similar levels in similar sized companies in the industry. Such salary shall be paid periodically in accordance
with normal Company payroll. The annual compensation specified in this Section&nbsp;3(a) is referred to in this Agreement as &#147;Base Compensation.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) <U>Variable Compensation</U>. Executive shall be entitled to participate in any short-term or long-term variable compensation plans offered by the Company to its executive officers generally (collectively, such
plans are referred to in this Agreement as the &#147;Combined Plans&#148; and which are currently the Annual Incentive Plan and the Long-Term Incentive Plan, which includes the Multi-Year Incentive Plan and the equity components of the Long-Term
Incentive Plan), subject to the generally applicable terms and conditions of the plan in question and to the determination of the independent members of the Board. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(c) <U>Deferred Compensation</U>. The Executive shall be entitled to participate in the Company&#146;s Elective Deferred Compensation Plan pursuant to the terms thereof. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Benefits</U>. During the Employment Period, the Executive shall be eligible to participate in the benefit plans and compensation programs
maintained by the Company of general applicability to other executive officers of the Company, including (without limitation) retirement plans, savings or profit-sharing plans, deferred compensation plans, supplemental retirement or excess-benefit
plans, stock option, life, disability, health, accident and other insurance programs, paid vacations (but accruing at not less than three weeks per year), and similar plans or programs, subject in each case to the generally applicable terms and
conditions of the plan or program in question and to the determination of the independent members of the Board or the Compensation Committee or any committee administering such plan or program, as appropriate. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Reimbursement of Business Expenses</U>. The Company shall reimburse the Executive for all reasonable and necessary business expenses incurred by
the Executive in the performance of his duties hereunder upon proper submission of expense reports in accordance with Company policies regarding such reimbursement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">4. <U>Section&nbsp;162(m)</U>. Executive and the Company agree to use reasonable good faith efforts, to the extent reasonably practicable and not materially adverse to Executive, to structure payment of all amounts of
Executive&#146;s compensation from the Company so as to avoid non-deductibility of any such amounts under Section&nbsp;162(m) of the Internal Revenue Code (the &#147;Code&#148;) or any successor provision. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 3 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. <U>Benefits Upon a Change in Control</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(a) If a Change in Control (as defined in this Agreement) occurs during the Employment Period, and an Involuntary Termination of
Executive&#146;s employment occurs either in contemplation of such Change in Control</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2"> or within twelve (12)&nbsp;months following a Change in Control</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">, then:
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(i) Within ten (10)&nbsp;days following the Termination Date, the Company shall pay Executive a lump sum equal to
(A)&nbsp;eighteen (18)&nbsp;months of Base Compensation (without giving effect to any salary reduction program currently in effect), plus (B)&nbsp;an amount equal to the average of the short-term variable compensation plan (currently the Annual
Incentive Plan, and for prior years the annual variable compensation plan called the &#147;MBO&#148;, and together with any future short-term variable compensation plan, collectively hereinafter referred to as the &#147;Short Term Plan&#148;)
payments earned by the Executive over the last five (5)&nbsp;years in which&nbsp;the Executive was employed with the Company on December&nbsp;31</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of such year (the &#147;Five Year Average Amount&#148;), plus (C)&nbsp;a pro-rata amount (based on the number of full months worked
during the calendar year during which the Termination Date occurs) of the Five Year Average Amount. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) If at the Termination Date,
payment has not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive, not later than March&nbsp;15th of the year in which the
Termination Date occurs, the full amount he would have earned under such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) The Executive will receive the benefits he qualifies for under the Executive Retiree Medical Benefit Plan, or if such plan has been terminated
prior to the Termination Date, within ten (10)&nbsp;days following the Termination Date the Company shall pay the Executive a lump sum amount (the &#147;Medical Plan Payment&#148;) equal to the present value of the benefits for which the Executive
qualified prior to the termination of such plan. The present value of such benefits shall be determined actuarially based on the actual cost of replacing the benefits as of the Termination Date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) The unvested portion(s) of any stock options/Restricted Stock Units (&#147;RSUs&#148;) that were granted to Executive prior to the Change in
Control shall automatically be accelerated in full so as to become completely vested as of the Termination Date; the stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire
pursuant to their original terms, or unless they are exchanged for cash in connection with any Change in Control. The Company will issue the shares underlying the RSUs within ten (10)&nbsp;days of the Termination Date. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For purposes of this Agreement, &#147;occurring in contemplation of a Change in Control&#148; means an Involuntary Termination occurring within one (1)&nbsp;month
prior to an actual Change in Control. It shall also include any termination if the termination was a condition of a party other than the Company to entry into an agreement, the consummation of which would cause a Change in Control (an
&#147;Acquisition Agreement&#148;), whether or not such person actually enters into such agreement. Finally, it shall also include any Involuntary Termination if the actions constituting grounds for Involuntary Termination were taken at the request
or direction of a person who has entered into an Acquisition Agreement. </FONT></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For purposes of clarity, (1)&nbsp;the Termination Date (as defined in Section&nbsp;7(d)) applicable to the Involuntary Termination must occur in contemplation of a
Change in Control or (2)&nbsp;notice of the Involuntary Termination, in accordance with Section&nbsp;9, must be given or received by the Company, as applicable, within twelve (12)&nbsp;months following the Change in Control.
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 4 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) In the event of a Change in Control, for any long-term cash-based variable compensation plan
(currently the Multi-Year Incentive Plan, and together with any future long-term cash-based variable compensation plan, hereinafter the &#147;Long Term Cash Plan&#148;) awards outstanding (which currently would include two Long Term Cash Plan
performance cycles) at the time of the Change in Control, performance cycles under such plans shall cease as of the date of the Change in Control. The Company shall pay Executive, subject to the payout dates and restrictions below, all accrued
amounts as of the last full completed quarter as of the date of the Change in Control, under each performance cycle of such plan, plus the Remaining Target Amount for each performance cycle under each such plan (together, the &#147;Payment
Amounts&#148;). The Remaining Target Amount shall equal, for each performance cycle under each plan, the target amount multiplied by the number of quarters in the performance cycle that end after the time of the Change in Control, divided by the
total number of quarters in the full performance cycle. Payment shall be made at the times specified below, and pending payment, the Company shall hold such amount in a book account for the Executive. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Change in Control, Involuntary Termination</U>. In the case of a Change in Control where the Executive&#146;s employment terminates due to an
Involuntary Termination prior to twelve (12)&nbsp;months following the Change in Control or in contemplation of a Change in Control, the Payment Amounts shall be paid out to the Executive within ten (10)&nbsp;days following the Termination Date.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>Change in Control, No Termination</U>. In the case of a Change in Control where the Executive&#146;s employment does not
terminate within twelve (12)&nbsp;months following the Change in Control or in contemplation of a Change in Control, the Executive shall receive the Payment Amounts when it is ordinarily paid out. For avoidance of doubt, if there are multiple Long
Term Cash Plan performance cycles, portions of the Payment Amounts may be paid in different years, each in accordance with the terms of the relevant performance cycle. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(c) No Change in Control benefits under Sections 5(a) or 5(b) will apply if the Change in Control or Involuntary Termination occurs after the Executive has (i)&nbsp;given notice of Voluntary Resignation or
(ii)&nbsp;been given notice of termination for Cause by the Company, unless that notice of termination for Cause is subsequently withdrawn (in writing) by the Company and Executive&#146;s employment does not terminate as a result of such notice.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) If the Company is acquired by another entity in connection with a Change in Control and there is or will be no market for the Common
Stock of the Company, the vesting of all Executive&#146;s stock options/RSUs, granted prior to the Change in Control, will accelerate immediately prior to the Change in Control (and, for stock options, be immediately exercisable) if the acquiring
company does not provide Executive with stock options/RSUs comparable to the unvested stock options/RSUs granted Executive by the Company, regardless of whether the Executive&#146;s employment is terminated. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 5 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) These Section&nbsp;5 benefits upon a Change in Control shall be the sole benefits that the Executive
is entitled to under this Agreement (<I>i.e.</I>, the Executive is not also entitled to any additional benefits provided in Section&nbsp;6(b), below). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">6. <U>Severance Benefits other than in a Change in Control</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Benefits; Miscellaneous</U>. In the
event of any termination of Executive&#146;s employment at any time during the term of this Agreement, (1)&nbsp;the Company shall pay the Executive any unpaid Base Compensation due for periods prior to the Termination Date; (2)&nbsp;the Company
shall pay the Executive all of the Executive&#146;s accrued and unused vacation through the Termination Date; and (3)&nbsp;following submission of proper expense reports by the Executive (or his estate), the Company shall reimburse the Executive for
all expenses reasonably and necessarily incurred by the Executive in connection with the business of the Company. These payments shall be made promptly at the Company&#146;s next scheduled payroll date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) In the event of a termination other than one described in Section&nbsp;5, Executive shall be entitled to severance benefits that vary depending upon
the reason for termination. Such benefits shall be as follows (and no others): </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Voluntary Resignation Severance Benefits</U>.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) Base Compensation shall cease on the Termination Date. Executive shall not be entitled to any further payment pursuant to the Short
Term Plan or the Long Term Cash Plan following termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) All medical and health benefits shall cease on the Termination Date,
except as specified in any then existing Executive Retiree Medical Benefit Plan for which Executive qualifies. All Company 401(k) Plan benefits, Elective Deferred Compensation Plan benefits and other benefits not specifically addressed in this
Agreement shall be treated in accordance with the terms of such plans and benefits. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(C) Stock options will cease to vest on the
Termination Date and will be cancelled ninety (90)&nbsp;days after the Termination Date (unless they are exercised or expire pursuant to their terms before cancellation). RSUs will be cancelled on the Termination Date. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>Involuntary Termination Severance Benefits</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(A) Within ten (10)&nbsp;days following the Termination Date, the Company shall pay Executive a lump sum equal to (x)&nbsp;eighteen (18)&nbsp;months of Base Compensation (without giving effect to any salary reduction
program currently in effect), plus (y)&nbsp;an amount equal to the Five Year Average Amount (as defined in Section&nbsp;5). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) At the
time that the Company makes payments to other executive officers under the Short Term Plan that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would
have earned under such plan had his employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan and the number of full months elapsed prior to the
Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 6 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(C) If at the Termination Date, payment has not been made under the Short Term Plan
that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive, not later than March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he would have earned under such prior-year plan (based on the
performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(D) The Executive will receive the benefits
he qualifies for under the Executive Retiree Medical Benefit Plan, or if such plan has been terminated prior to the Termination Date within ten (10)&nbsp;days following the Termination Date the Company shall pay the Executive the Medical Plan
Payment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(E) For any stock options/RSUs granted to the Executive twelve (12)&nbsp;months or more before the
Termination Date, a number of shares shall vest (and for stock options, become exercisable as of the Termination Date) such that the total number of shares vested on the Termination Date shall equal a pro-rata percentage of the total number of
shares subject to such grant (based on the number of full months worked during the vesting schedule)</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">3</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2">. The stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are exchanged for cash in
connection with any Change in Control. The Company will issue the shares underlying the RSUs to the Executive within ten (10)&nbsp;days following the Termination Date. In addition, the independent members of the Board may, in their discretion,
accelerate the vesting of additional stock options or RSUs held by the Executive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(F)&nbsp;Any Long Term Cash Plan awards, which are
accrued as of the last full completed quarter prior to the Termination Date, shall be paid to the Executive within ten (10)&nbsp;days following the Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">(iii) <U>Severance Benefits following a termination for Cause</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) Base Compensation shall cease on
the Termination Date. Executive shall not be entitled to any further payment pursuant to the Short Term Plan or the Long Term Cash Plan following termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(B) All medical and health benefits shall cease on the Termination Date, except as specified in any then existing Executive Retiree Medical Benefit Plan for which Executive qualifies. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(C) Stock options will cease to vest on the Termination Date and will be cancelled thirty (30)&nbsp;days after the Termination Date (unless they are
exercised or expire pursuant to their terms before cancellation). RSUs will be cancelled on the Termination Date. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P
STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">3</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For example, if a stock option has a four (4)&nbsp;year vesting schedule where 25% of the options vest on each anniversary of the grant date, an Executive whose
Termination Date is twenty seven (27)&nbsp;months and a day after grant will already have vested in 50% of the total option, and will vest in an additional 6.25% (3/48)&nbsp;of the total option by virtue of this section. No additional vesting shall
occur beyond this additional amount. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 7 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) <U>Death Severance Benefits</U>. Executive&#146;s employment shall terminate immediately in the
event of his death. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) Within sixty (60)&nbsp;days following the Termination Date, the Company shall pay to Executive&#146;s estate a
lump sum in an amount equal to Executive&#146;s Base Compensation (without giving effect to any salary reduction program currently in effect) for a period of twelve (12)&nbsp;months as of the Termination Date, minus any amount payable from an
insurance company to the Executive or his beneficiaries pursuant to a Company provided death benefit. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) At the time that the Company
makes payments to other executive officers under the Short Term Plan that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive&#146;s estate a pro-rata portion of the amount he would have
earned under such plan had his employment continued until the end of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination
Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(C) If at the Termination Date, payments have not been made under the Short Term Plan that was in effect during
the calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive&#146;s estate, not later than March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he would have earned under such prior-year plan (based on the
performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(D) The Executive&#146;s eligible dependents
will receive the benefits they qualify for under the Executive Retiree Medical Benefit Plan, or if such plan has been terminated prior to the Termination Date, within sixty (60)&nbsp;days following the Termination Date the Company shall pay the
eligible dependents the Medical Plan Payment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(E) For any stock options/RSUs granted to the Executive before the Termination Date, a
number of shares shall vest so that the greater of (x)&nbsp;50% of the shares in each grant are immediately vested (and, for stock options, become exercisable) or (y)&nbsp;the total number of shares vested (and for stock options, become exercisable)
on the Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during the vesting schedule). The stock options shall remain exercisable for two years following
the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are exchanged for cash in connection with any Change in Control. The Company will issue the shares underlying the RSUs to the
Executive&#146;s estate within ten (10)&nbsp;days following the Termination Date. In addition, the independent members of the Board may, in their discretion, accelerate the vesting of additional stock options or RSUs held by the Executive.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(F) Any Long Term Cash Plan awards, which are accrued as of the last full completed quarter prior to the Termination Date, shall be paid
to Executive&#146;s estate within sixty (60)&nbsp;days following the Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 8 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(v) <U>Disability Severance Benefits</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) Within sixty (60)&nbsp;days of the Termination Date, the Company shall pay to the Executive a lump sum in an amount equal to his Base Compensation
(without giving effect to any salary reduction program currently in effect) for a period of twelve (12)&nbsp;months as of the Termination Date, minus any payment due to Executive from an insurance company pursuant to a Company provided disability
benefit. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) At the time that the Company makes payments to other executive officers under the Short Term Plan that is in effect during
the calendar year in which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end of such calendar year, such pro-rata portion
to be calculated based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT
FACE="Times New Roman" SIZE="2">(C) If at the Termination Date, payments have not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay
Executive, not later than March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date
occurs, the full amount he would have earned under such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(D) The Executive will receive the benefits he qualifies for under the Executive Retiree Medical Benefit Plan, or if such plan has been terminated prior
to the Termination Date, within sixty (60)&nbsp;days following the Termination Date the Company shall pay the Executive the Medical Plan Payment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman"
SIZE="2">(E) For any stock options/RSUs granted to the Executive before the Termination Date, a number of shares shall vest so that the greater of (x)&nbsp;50% of the shares in each grant are immediately vested (and, for stock options, become
exercisable) or (y)&nbsp;the total number of shares vested (and for stock options, become exercisable) on the Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months
worked during the vesting schedule). The stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are exchanged for cash in
connection with any Change in Control. The Company will issue the shares underlying the RSUs to the Executive within ten (10)&nbsp;days following the Termination Date. In addition, the independent members of the Board may, in their discretion,
accelerate the vesting of additional stock options or RSUs held by the Executive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(F) Any Long Term Cash Plan awards which are accrued as
of the last full completed quarter prior to the Termination Date, shall be paid to Executive within sixty (60)&nbsp;days following the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">7. <U>Definition of Terms</U>. The following terms referred to in this Agreement shall have the following meanings: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(a) <U>Cause</U>. &#147;Cause&#148; shall mean: (1)&nbsp;Executive&#146;s willful and continued failure to perform the duties and responsibilities of his position after there has been delivered to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 9 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Executive a written demand for performance from the Board which describes the basis for the Board&#146;s belief that Executive has not substantially
performed his duties and responsibilities and provides Executive with thirty (30)&nbsp;days to take corrective action; (2)&nbsp;Any act of personal dishonesty knowingly taken by Executive in connection with his responsibilities as an employee of the
Company with the intention or reasonable expectation that such action may result in substantial financial enrichment of Executive; (3)&nbsp;Executive&#146;s conviction of, or plea of guilty or nolo contendere to, a felony; (4)&nbsp;a willful and
knowing act by the executive which constitutes gross misconduct; or (5)&nbsp;A willful breach of a material provision of this Agreement by the Executive. Termination for Cause shall not be deemed to have occurred unless, by the affirmative vote of
all of the members of the Board (excluding the Executive and any person who reports to the Executive, if applicable), at a meeting called and held for that purpose (after reasonable notice to the Executive and his counsel and after allowing the
Executive and his counsel to be heard before the Board), a resolution is adopted finding that in the good faith opinion of such Board members the Executive was guilty of conduct set forth in (1), (2), (3), (4)&nbsp;or (5)&nbsp;of this
Section&nbsp;7(a), specifying the particulars thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Disability</U>. &#147;Disability&#148; shall mean that the Executive is
unable to engage in any substantial gainful activity by reasons of any readily determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuing period of not less than twelve
(12)&nbsp;months. A Disability must be certified by an approved Company physician. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Involuntary Termination</U>. &#147;Involuntary
Termination&#148; shall mean: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) a material reduction of the Executive&#146;s duties or responsibilities as Chief Executive Officer
(other than for Cause or as a result of death or Disability); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) a material reduction in the Executive&#146;s Base Compensation and
benefits package, other than a reduction in Base Compensation which is part of, and generally consistent with, a general reduction of salaries of all executive officers of the Company and of any party acquiring control of the Company in a Change in
Control, or other than a change in Executive&#146;s benefits package that continues to provide Executive with comparable benefits to those enjoyed prior to the change; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">(iii) a material reduction by the Company in the Executive&#146;s current Target Total Direct Compensation, other than: (A)&nbsp;any such reduction applicable to all executive officers of the Company and any party
acquiring control of the Company in a Change in Control generally, or (B)&nbsp;unless in connection with a Change in Control, in which case this clause (B)&nbsp;shall not apply, any such reduction that is based on a good faith market review of
executive compensation conditions and levels (for similar positions in comparable companies) conducted in accordance with the normal compensation evaluation process applicable to executive officers of the Company generally. For purposes of the
foregoing, Target Total Direct Compensation means current annual Base Compensation (determined in the same manner as in Section&nbsp;7(c)(ii)) plus current annual benefits plus current annual target amounts under the Combined Plans, and to the
extent that Target Direct Compensation includes equity awards, the value of such equity shall be determined at the time of grant based on the total stock compensation expense (FAS 123R) associated with that award; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 10 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) the relocation of the Company&#146;s principal executive office to a location more than fifty
(50)&nbsp;miles from its present location but only if the Executive is required to change his principal place of employment to such new location; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">(v) any termination of the Executive&#146;s employment by or at the request of the Company other than for Cause, Disability or death; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">(vi) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section&nbsp;8 below; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">(vii) any material breach by the Company of any material provision of this Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">subject to the following: (A)&nbsp;None of the foregoing
actions shall constitute Involuntary Termination if the Executive has agreed thereto. (B)&nbsp;The Board providing notice of its intent not to enter into, renew or extend this Agreement pursuant to Section&nbsp;2(b) hereof shall not be considered an
Involuntary Termination (although any of the foregoing actions which occurs after the Board provides notice of its intent not to enter into, renew or extend this Agreement may constitute an Involuntary Termination). (C)&nbsp;Except with respect to
an event described in Section&nbsp;7(c)(v), the foregoing actions shall constitute Involuntary Termination only if and to the extent that (x)&nbsp;within 90 days of the occurrence of the events giving rise to an Involuntary Termination, the
Executive provides written notice to the Company setting forth in reasonable detail such facts which Executive believes constitute Involuntary Termination, (y)&nbsp;any circumstances constituting Involuntary Termination remain uncured for a period
of thirty (30)&nbsp;days following the Company&#146;s receipt of such written notice, and (z)&nbsp;the Termination Date occurs within one hundred and eighty (180)&nbsp;days following the initial existence of the event giving rise to an Involuntary
Termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Termination Date</U>. &#147;Termination Date&#148; shall mean: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) In the case of a termination for Cause, the last day of the thirty (30)&nbsp;day notice period, unless the reason for such termination is cured by
the Executive prior to the end of the thirty (30)&nbsp;day period; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) In the case of a Company initiated Involuntary Termination (under
Section&nbsp;2(b)(i) of this Agreement), the last day of the ninety (90)&nbsp;day notice period required under such section, or such earlier date at which the Company waives notice and pays the Executive in lieu of such notice; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) In the case of the Executive&#146;s Voluntary Resignation or of an Involuntary Termination initiated by the Executive (each under
Section&nbsp;2(b)(ii) of this Agreement), the last day of the applicable notice period required under such section, or such earlier date at which the Company waives notice and pays the Executive in lieu of such notice; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) In the case of Executive&#146;s death, the date of such death; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 11 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(v) In the case of Executive&#146;s Disability, the date of such Disability. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Notwithstanding the foregoing, in the event of an Involuntary Termination occuring in contemplation of a Change in Control, if the Termination Date would
otherwise have occurred prior to the Change in Control, the Termination Date shall take place on the date of the Change in Control. If more than one Termination Date may apply, then the priority provisions of Section&nbsp;2(e) of this Agreement
shall determine which Termination Date controls. The Company and the Executive shall take all steps necessary to ensure that any termination described in this Agreement constitutes a &#147;separation from service&#148; within the meaning of
Section&nbsp;409A of the Code, and notwithstanding anything to the contrary, the date on which such separation from service takes place shall be the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(e) <U>Change in Control</U>. &#147;Change in Control&#148; shall mean the occurrence of any of the following events: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">(i) Any &#147;person&#148; or &#147;group&#148; (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended, but excluding any person or group as such terms is used in Rule
13d-1(b) under the Exchange Act) is or becomes the &#147;beneficial owner&#148; (as defined in Rule 13-d-3 under said Act), directly or indirectly, of securities of the Company representing forty percent (40%)&nbsp;or more of the total voting power
represented by the Company&#146;s then outstanding voting securities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) A change in the composition of the Board occurring within a
two-year period, as a result of which fewer than a majority of the directors are Incumbent Directors. &#147;Incumbent Directors&#148; shall mean directors who either (A)&nbsp;are directors of the Company as of the effective date of this Agreement,
or (B)&nbsp;are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an individual whose election or
nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) The
stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior hereto continuing
to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%)&nbsp;of the total voting power represented by the voting securities of the Company or such surviving
entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the
Company&#146;s assets (other than to a subsidiary or subsidiaries); or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) Any other event as determined by the independent members of
the Board, in the sole discretion of the independent members of the Board. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 12 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>Voluntary Resignation</U>. &#147;Voluntary Resignation&#148; shall mean Executive&#146;s
termination of his employment at any time, for any reason, by the Executive, other than by reason of Involuntary Termination, death or Disability. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">8. <U>Successors.</U> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Company&#146;s Successors</U>. The Company shall require a successor to the Company (whether direct
or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) or to all or substantially all of the Company&#146;s business and/or assets (each a &#147;Successor Company&#148;) to assume the Company&#146;s obligations
under this Agreement and agree expressly to perform such obligations in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the
term &#147;Company&#148; shall include any Successor Company which executes and delivers the assumption agreement described in this subsection (a)&nbsp;or which becomes bound by the terms of this Agreement by operation of law. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Executive&#146;s Successors</U>. The terms of this Agreement and all rights of the Executive hereunder shall inure to the benefit of, and be
enforceable by, the Executive&#146;s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">9. <U>Notice</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>General</U>. Notices and all other communications contemplated by this Agreement
shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by Federal Express or a comparable air courier company. In the case of the Executive, notices sent by courier shall be addressed to him at the
home address that he most recently communicated to the Company in writing. In the case of the Company, notices sent by courier shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Chief Legal
Officer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Notice of Termination</U>. Any termination by the Company for Cause or by the Executive as a result of a Voluntary
Resignation or any Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in accordance with Section&nbsp;9(a) of this Agreement. Such notice shall indicate the specific termination provision in this
Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the Termination Date. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10. <U>Non-Compete; Non-Solicit.</U> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a)
The parties hereto recognize that the Executive&#146;s services are special and unique and that his level of compensation and the provisions herein for compensation upon Involuntary Termination are partly in consideration of and conditioned upon the
Executive&#146;s not competing with the Company, and that the covenant on his part not to compete and not to solicit as set forth in this Section&nbsp;10 is essential to protect the business and goodwill of the Company. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 13 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Executive agrees that prior to the Termination Date, the Executive will not either directly or
indirectly, whether as a director, officer, consultant, employee or advisor or in any other capacity (1)&nbsp;render any planning, marketing or other services respecting the creation, design, manufacture or sale of semiconductor manufacturing
equipment and/or software to any business, agency, partnership or entity (&#147;Restricted Business&#148;) other than the Company, or (2)&nbsp;make or hold any investment in any Restricted Business in the United States other than the Company,
whether such investment be by way of loan, purchase of stock or otherwise, provided that there shall be excluded from the foregoing the ownership of not more than 2% of the listed or traded stock of any publicly held corporation. For purposes of
this Section&nbsp;10, the term &#147;Company&#148; shall mean and include the Company, any subsidiary or affiliate of the Company, any Successor Company and any other corporation or entity of which the Executive may serve as a director, officer or
employee at the request of the Company or any Successor Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) Prior to the Termination Date, and for the period extending six
(6)&nbsp;months thereafter, the Executive will not directly induce or attempt to influence any employee of the Company to leave its employ and join any Restricted Business in or within 50 miles of Fremont, California. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) The Executive agrees that the Company would suffer an irreparable injury if he were to breach the covenants contained in subparagraphs (b)&nbsp;or
(c)&nbsp;and that the Company would by reason of such breach or threatened breach be entitled to injunctive relief in a court of appropriate jurisdiction, and the Executive hereby stipulates to the entering of such injunctive relief prohibiting him
from engaging in such breach. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) If any of the restrictions contained in this Section&nbsp;10 shall be deemed to be unenforceable by
reason of the extent, duration or geographical scope or other provisions thereof, then the parties hereto contemplate that the court shall reduce such extent, duration, geographical scope or other provisions hereof (but only to the extent necessary
to render such restrictions enforceable) and then enforce this Section&nbsp;10 in its reduced form for all purposes in the manner contemplated hereby. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">11. <U>Existing Confidentiality and Non-Compete Agreements</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Executive represents and warrants
(1)&nbsp;that prior to the date hereof he has provided the Company with true and complete copies of any and all written confidentiality and/or non-compete agreements to which Executive is a party as of the date hereof (together with a written
description of any such oral agreements), and (2)&nbsp;to the best of Executive&#146;s knowledge, full compliance with the terms of each such agreement will not materially interfere with Executive&#146;s duties hereunder (except to the extent that
Executive reasonably may determine to absent himself from certain Company meetings and communication during the first year of the Employment Period). The Executive further covenants that he will not willfully and knowingly fail to fully abide by the
terms of any and all such agreements and will work in good faith with the Company to avoid any breach thereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 14 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">12. <U>Arbitration</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">At the option of either party, any and all disputes or controversies whether of law or fact and of any nature whatsoever arising from or respecting this Agreement shall be decided by arbitration under the rules of the
American Arbitration Association in accordance with the rules and regulations of that Association with the exception of any claim for temporary, preliminary or permanent injunctive relief arising from or respecting this Agreement which may be
brought by the Company in any court of competent jurisdiction irrespective of Executive&#146;s desire to arbitrate such a claim. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">The
arbitrator shall be selected as follows. In the event the Company and the Executive agree on one arbitrator, the arbitration shall be conducted by such arbitrator. If the parties cannot agree on an arbitrator, the Company and the Executive shall
each select one independent, qualified arbitrator and the two arbitrators so selected shall select the third arbitrator. The Company reserves the right to object to any individual arbitrator who shall be employed by or affiliated with a competing
organization. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Arbitration shall take place in San Jose, California, or any other location mutually agreeable to the parties. At the
request of either party, arbitration proceedings will be conducted in the utmost secrecy; in such case all documents, testimony and records shall be received, heard and maintained by the arbitrators in secrecy under seal, available for the
inspection only by the Company and the Executive and their respective attorneys and their respective experts who shall agree in advance and in writing to receive all such information confidentially and to maintain such information in secrecy unless
and until such information shall become generally known. The arbitrator, who, if more than one, shall act by majority vote, shall have the power and authority to decree any and all relief of an equitable nature including, but not limited to, such
relief as a temporary restraining order, a temporary and/or permanent injunction, and shall also have the power and authority to award damages, with or without an accounting and costs, provided, that punitive damages shall not be awarded, and
provided, further, that the Executive shall be entitled to reimbursement for his reasonable attorney&#146;s fees to the extent he prevails as to the material issues in such dispute. The reimbursement of attorney&#146;s fees shall be made promptly
following delivery of an invoice therefor. The decree or judgment of an award rendered by the arbitrators may be entered in any court having jurisdiction thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">Reasonable notice of the time and place of arbitration shall be given to all persons, other than the parties, as shall be required by law, in which case such persons or those authorized representatives shall have the
right to attend and/or participate in all the arbitration hearings in such a manner as the law shall require. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">13. <U>Excise Tax on
Payments</U>. Notwithstanding anything to the contrary contained herein, in the event that any payment by the Company to or for the benefit of the Executive, whether paid or payable, would be subject to the excise tax imposed by Section&nbsp;4999 of
the Code or any comparable federal, state, or local excise tax (such excise tax, together with any interest and penalties, are hereinafter collectively referred to as the &#147;Excise Tax&#148;), then the Executive shall receive either the full
severance amount or a lesser amount that does not trigger an excise tax, whichever produces a greater after-tax benefit to the Executive, as determined by the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 15 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">14. <U>Miscellaneous Provisions</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>No Duty to Mitigate</U>. The Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor shall any
such payment be reduced by any earnings that the Executive may receive from any other source. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Waiver</U>. No provisions of this
Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by either party of
any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Whole Agreement; Amendment</U>. This Agreement and the documents expressly referred to herein represent the entire agreement of the parties with
respect to the matters set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. Nothing herein affects the continued enforceability of either the Company&#146;s Employment,
Confidential Information and Invention Assignment Agreement previously executed by the Executive, or the Executive&#146;s Indemnification Agreement with the Company. For the avoidance of doubt, the Original Agreement shall be superseded by this
Agreement effective July&nbsp;1, 2009. Any benefit amounts referenced as payable to the Executive pursuant to this Agreement are the sole and exclusive amounts payable to the Executive for the category of benefit addressed by such amounts; provided,
however, that this Agreement shall not limit any right of Executive to receive any payments or benefits under an employee benefit or employee compensation plan of the Company, initially adopted prior to or after the date hereof, which are expressly
contingent thereunder upon the occurrence of a Change in Control (including, but not limited to, the acceleration of any rights or benefits thereunder). Notwithstanding the foregoing, in no event shall Executive be entitled to any payment or benefit
under this Agreement which duplicates a payment or benefit received or receivable by Executive under any severance or similar plan or policy of Company, and in any such case Executive shall only be entitled to receive the greater of the two
payments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Choice of Law</U>. The validity, interpretation, construction and performance of this Agreement shall be governed by the
laws of the state of California, without regard to conflicts of law provisions thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Severability</U>. If any provision of this
Agreement is determined to be invalid or unenforceable, the Agreement shall remain in full force and effect as to the remaining provisions, and the parties shall replace the invalid or unenforceable provision with one which reflects the
parties&#146; original intent in agreeing to the invalid/unenforceable one. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>No Assignment of Benefits</U>. Except as otherwise
provided herein, the rights of any person to payments or benefits under this Agreement shall not be made subject to option or assignment, either by voluntary or involuntary assignment or by operation of law, including (without limitation)
bankruptcy, garnishment, attachment or other creditor&#146;s process, and any action in violation of this subsection (f)&nbsp;shall be void. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 16 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) <U>Withholding Taxes</U>. The Company may withhold from any amounts payable under this Agreement such
Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(h)
<U>Section&nbsp;409A of the Code</U>. Notwithstanding anything herein to the contrary, if at the time of the Executive&#146;s termination of employment with the Company, the Company has determined that the Executive is a &#147;specified
employee&#148; as defined in Section&nbsp;409A of the Code and any severance payments and benefits to Executive are considered a &#147;deferral of compensation&#148; under Section&nbsp;409A of the Code (the &#147;Deferred Payments&#148;), such
Deferred Payments that are otherwise payable within the first six months following the Termination Date will become payable on the first business day of the seventh month following the Executive&#146;s Termination Date, or if earlier the date of the
Executive&#146;s death. In the event that payments under this Agreement are deferred pursuant to this Section&nbsp;14(h), then such payments shall be paid at the time specified in this Section&nbsp;14(h) without interest. The Company shall consult
with the Executive in good faith regarding the implementation of the provisions of this Section&nbsp;14(h) <U>provided</U>, that neither the Company nor any of its employees or representatives shall have any liability to the Executive with respect
thereto. Any amount under this Agreement that satisfies the requirements of the &#147;short-term deferral&#148; rule set forth in Section&nbsp;1.409A-1(b)(4) of the Treasury Regulations will not constitute Deferred Payments for purposes of this
Agreement. Any amounts scheduled for payment hereunder when they are ordinarily paid out or when they are made to other executive officers, will nonetheless be paid to Executive on or before March&nbsp;15</FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year following the year when the payment is no longer subject to a substantial risk of forfeiture. For
purposes of Section&nbsp;409A of the Code, the right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments, and references herein to the Executive&#146;s termination of employment shall
refer to Executive&#146;s separation of services with the Company within the meaning of Section&nbsp;409A of the Code. Notwithstanding anything to the contrary herein, except to the extent any expense, reimbursement or in-kind benefit provided
pursuant to this Agreement does not constitute a &#147;deferral of compensation&#148; within the meaning of Section&nbsp;409A of the Code: (x)&nbsp;the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive
during any calendar year will not affect the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive in any other calendar year, (y)&nbsp;the reimbursements for expenses for which the Executive is entitled to be
reimbursed shall be made on or before the last day of the calendar year following the calendar year in which the applicable expense is incurred, and (z)&nbsp;the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated
or exchanged for any other benefit. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Assignment by Company</U>. The Company may assign its rights under this Agreement to an
affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company, provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the
Company at the time of assignment. In the case of any such assignment, the term &#147;Company&#148; when used in a section of this Agreement shall mean the corporation that actually employs the Executive. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(j) <U>Counterparts</U>. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will
constitute one and the same instrument. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 17 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(k) <U>Survival of Obligations</U>. Except as otherwise described herein, and except to the extent that
as of the Termination Date rights to payment hereunder have accrued, the obligations of Sections 7 through 14 shall survive termination of this Agreement. In the event that a binding agreement is reached that would result in a Change in Control
during the Employment Period, Section&nbsp;5 of this Agreement shall survive with regard to that Change in Control. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(l) <U>Company
Release</U>. As a condition to the Company&#146;s obligations pursuant to this Agreement, the Executive agrees to execute a release of claims against the Company (the &#147;Release&#148;), substantially in the form attached hereto as <U>Exhibit
A</U>, by the sixtieth (60th)&nbsp;day following the Executive&#146;s Termination Date. If the Company has not received an irrevocable Release by the sixtieth (60th)&nbsp;day following the Termination Date, the Company shall be under no obligation
to make payments or provide benefits under this Agreement; provided such sixty (60)&nbsp;day period shall be tolled during the pendancy of any arbitration proceeding under this Agreement. In the event one or more of the provisions of the Release
should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of the Release, and the Release shall be construed as if such invalid,
illegal or unenforceable provision had never been contained therein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the parties have executed this Agreement. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">LAM RESEARCH CORPORATION</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Sarah A. O&#146; Dowd</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sarah A. O&#146; Dowd</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Its:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Group Vice President, HR and Chief Legal Officer</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">DATED: July 28, 2009</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Stephen G. Newberry</FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Stephen G. Newberry</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">DATED: July 28, 2009</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 18 - </FONT></P>


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<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Stephen G. Newberry Employment Agreement </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>EXHIBIT A </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>COMPANY RELEASE </B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Stephen G. Newberry Employment Agreement </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px">

<IMG SRC="g43252g79y32.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>LAM RESEARCH CORPORATION RELEASE </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">This Release (&#147;Release&#148;) constitutes a binding agreement between you, <B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[EMP
NAME]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>, Lam Employee No. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[<B>EE
I.D</B><B>.</B>]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, and Lam Research Corporation (&#147;Lam&#148; or &#147;the Company&#148;). Please review the terms carefully. We advise you to consult with an attorney
concerning its terms. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. This Release is provided to Lam pursuant to an Employment Agreement (your &#147;Agreement&#148;) between you and Lam. You
understand that if you choose not to sign this Release, as provided in your Agreement Lam has no obligation to make any payments or provide any benefits provided in your Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">2. You understand that your obligations under the Confidential Information and Invention Assignment Agreement, or similarly titled agreement, you signed at the beginning of your employment with Lam are ongoing and
binding and survive the termination of your employment with Lam, regardless of whether you sign this Release. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. <U>If you agree to this Release, you will
be eligible to receive the payments and benefits provided in your Agreement</U>. You must sign and return this Release, and it must become irrevocable (as discussed in Sections 4.E. and 8 below), within sixty (60)&nbsp;days of your Termination Date
(as defined in your Agreement). You may, at your discretion, sign and return the Release sooner. You are hereby advised to consider the terms of this Release and consult with an attorney of your choice prior to executing this Release. Lam is under
no obligation to pay any amounts or provide any benefits under your Agreement until such release is irrevocable. Lam will make such payments and provide such benefits under your Agreement as soon as practicable, in accordance with the terms of your
Agreement and in accordance with IRC Section&nbsp;409A and accompanying Treasury Regulations (although Lam makes no representation about any specific tax treatment applicable to you). Neither Lam nor the Executive shall have the right to accelerate
or defer the delivery of any payments or provision of any benefits except as specifically permitted or required by Section&nbsp;409A. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">4. In exchange for
and in consideration of the payments and benefits provided for in your Agreement, you agree to, and agree to abide by, the following terms: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Release</U>. You hereby waive and release, and promise never to assert, any and all claims, except workers compensation or unemployment compensation claims, that
you have, or may have at any time, against Lam and its predecessors, subsidiaries, related entities, and their officers, directors, shareholders, agents, attorneys, employees, benefit plans, successors, or assigns (collectively &#147;Released
Parties&#148;) at all or, specifically, arising from or related to your employment with Lam and/or the termination of your employment with Lam. These claims include, but are not limited to, all claims arising under federal, state, and/or local
statutory or common law, including, but not limited to, claims of wrongful or constructive discharge or demotion, breach of contract (written, oral or implied), breach of the covenant of good faith and fair dealing, violation of public policy,
defamation, personal injury, emotional distress, claims under Title VII of the 1964 Civil Rights Act, as amended, the California Fair Employment and Housing Act (or comparable provision under any other state&#146;s law), the Equal Pay Act of 1963,
California Labor Code Section&nbsp;1197.5 (or comparable provision under any other state&#146;s law), the Age Discrimination in Employment Act of 1967, as amended, the Older Workers Benefit Protection Act (OWBPA), the Americans with Disabilities Act
(ADA), the Civil Rights Act of 1866, the Family and Medical Leave Act (FMLA), the Worker Adjustment and Retraining Notification (WARN) Act, California Labor Code Section&nbsp;1400 et seq., and any other laws, regulations, or ordinances relating to
employment or employment discrimination, and the laws of contract and tort, to the full extent permitted by law. You are, through this Release, releasing the Company from any and all claims you may have against the Company, including claims under
the Age Discrimination in Employment Act of 1967, 29 U.S.C. &#167;621, et seq (ADEA) with the exception of (i)&nbsp;your right to receive the payments provided for in, or to enforce, your Agreement and (ii)&nbsp;any claims you may have </FONT>
</P></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P>
<FONT FACE="Times New Roman" SIZE="2">pursuant to any written agreement, the Company&#146;s certificate of incorporation or bylaws, or as mandated by statute, to indemnification as a director or
officer of the Company; further, rights or claims under the Age Discrimination in Employment Act that may arise after the date this Agreement is executed are not waived. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">B.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Release of Unknown Claims</U>. You agree to waive and release and promise never to assert any claims or potential claims that you might have against the Released Parties, whether
or not you know or might have reason to know of such claims or potential claims or of the facts potentially giving rise to any such claims or potential claims. Specifically, you agree to waive, and by executing this Release do waive, your rights
under section 1542 of the Civil Code of California, or comparable provision of another state&#146;s law, which states: </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2"><I>A
general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known to him or her must have materially affected his or her settlement with the
debtor.</I> </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">C.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Acknowledgment of 21-Day Consideration Period</U>: If you are 40 years of age or older, you acknowledge and agree that you have been given at least 21 days to
consider the terms of this Release before signing it</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">. You knowingly and voluntarily
waive the remainder of the 21-day consideration period, if any, following the date (as indicated below) you sign this Release. You affirm that you have not been asked by the Company to shorten your time period for consideration of whether to sign
this Release. You affirm that the Company has not threatened to withdraw or alter the payments or benefits due to you prior to the expiration of the 21-day period nor has the Company provided different terms to you because you have decided to sign
this Release prior to the expiration of the 21-day consideration period. You understand that by your having waived some portion of the 21-day consideration period, the Company may expedite the processing of some of the payments or benefits provided
to you in reliance upon your signing this Release. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">D.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>No Re-Start of Consideration Period</U>: You agree that any changes to this Release or to the payments or benefits and terms offered or that may be offered to you after your
initial receipt of this Release, whether any such changes (individually or collectively) are material or immaterial, do not and shall not restart the running of the consideration period. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">E.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Right to Revoke</U>: You understand that if you sign this Release, you can change your mind and revoke it within seven days after signing it by returning it with written
revocation notice to the Company in the manner described in the notice provision of your Agreement. You understand that the release and waiver set forth above will not be effective until after this seven-day period has expired.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">F.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Binding Agreement</U>: You understand that following the seven-day revocation period, this Release will be final and binding. You promise that you will not pursue any claim that
you have settled by this Release. If you break this promise, you agree to pay all of the Company&#146;s costs and expenses (including reasonable attorneys&#146; fees) related to the defense of any claims, except this promise not to sue does not
apply to claims that you may have under the OWBPA and the ADEA. Although you are releasing claims that you may have under the OWBPA and the ADEA, you understand that you may challenge the knowing and voluntary nature of this release under the OWBPA
and the ADEA before a court, the Equal Employment Opportunity Commission (EEOC), the National Labor Relations Board (NLRB), or any other federal, state or local agency charged with the enforcement of any employment laws. You understand, however,
that if you pursue a claim against the Company under the OWBPA and/or the ADEA, a court has the discretion to determine whether the Company is entitled to restitution, recoupment, or set off (hereinafter &#147;reduction&#148;) against a monetary
award obtained by you </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Insert 45 day Consideration Period in circumstances required by law. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 21 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%">
<FONT FACE="Times New Roman" SIZE="2">in the court proceeding. A reduction never can exceed the amount you recover, or the consideration you received for signing this Release, whichever is less.
You also recognize that the Company may be entitled to recover costs and attorney&#146;s fees incurred by the Company as specifically authorized under applicable law. You further understand that nothing in this Release generally prevents you from
filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC, NLRB, or any other federal, state or local agency charged with the enforcement of any employment laws, although by signing this Release
you are waiving your right to individual relief based on claims asserted in such a charge or complaint<U>.</U> Nothing in this Agreement shall be construed to waive any right that is not subject to waiver by private agreement under federal, state or
local laws, such as claims for workers compensation or unemployment benefits. </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">G.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Authorization for Deductions from Paychecks and Other Payments</U>. You hereby authorize Lam to deduct and withhold from your paychecks and from any other payments of cash
compensation due to you, from the date of this Release forward, any and all amounts you may, from time to time, owe to Lam for any reason, including (without limitation) loans or advances to you, reimbursement of paid but unvested signing or
relocation bonuses, amounts due under a promissory note, taxes or tax withholding paid or to be paid by Lam on your behalf. If you owe Lam monies as documented in a promissory note or other written agreement, the repayment terms of that document
will apply. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">H.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Confidentiality of Terms of this Release</U>. You agree not to disclose to any other person or entity any information regarding the terms of this Release, or the fact of its
existence, or the amounts of any payments or benefits made to or provided to you, except that you may disclose such information to your immediate family (spouse, children, or parents), attorney, accountant, or other professional advisor to whom you
must make the disclosure in order for such person to render professional services to you, or as you otherwise may be compelled by law. You will instruct any such persons to whom you make such disclosures, however, to maintain the confidentiality of
such information, consistent with your obligations to maintain its confidentiality hereunder. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">I.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Non-Solicitation</U>. You agree to comply with the terms set forth in Section&nbsp;10 of your Agreement. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">J.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Non-Disparagement</U>. You hereby agree that you will not disparage, criticize, slander, or libel Lam or any of its products, technologies, policies, actions, employees,
officers, or agents, to any third party or person, including without limitation any supplier, customer, or prospective customer or business partner of Lam. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">5. <U>To accept this Release, please sign and date it below and provide it to the Company in the manner described in the notice provision of your Agreement</U>. If your Release is not executed, returned and
irrevocable within 60 days from the Termination Date (as defined in your Agreement), the offer of the payments and benefits described in your Agreement shall automatically expire and this offer shall be deemed revoked. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">6. In the event that you breach any of your obligations under this Release or as otherwise imposed by law, Lam will be entitled to recover the payments and benefits paid
under your Agreement and to obtain all other relief provided by law or equity. Lam&#146;s rights and remedies arising hereunder are cumulative of any and all other rights or remedies Lam may have in the event of a breach of this Release by you.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">7. By signing this Release, you acknowledge that you have had the opportunity to review this Release carefully with an attorney of your choice concerning
its terms and effect, and that the waivers, settlement, and releases made herein are knowing, voluntary, informed, and consensual. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B></B>8. You
understand that once you have signed this Release, you have an additional seven (7)&nbsp;days to revoke your acceptance by submitting a written notice of your revocation to the Company in the manner described in the notice provision of your
Agreement. If you do not revoke your acceptance within seven (7)&nbsp;days of your acceptance, the Release will be deemed effective, binding and enforceable<B>. Please note that this means your executed Release must be received by the Chief Legal
Officer of the Company, within 53 days of Termination Date (as defined in your Agreement) or the Company shall be under no obligation to make the payments or provide the benefits under your Agreement. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 22 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">9. This Release shall be construed and enforceable in all respects pursuant to California law, notwithstanding conflict
of laws considerations or the preference, policy or law of any other jurisdiction or forum. Any dispute or action arising from or related to this Release shall be brought in federal or California state court located in the County of Santa Clara,
California, and in no other jurisdiction or venue. The invalidity or unenforceability of any provision(s) of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 23 - </FONT></P>


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<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>I, THE UNDERSIGNED, HAVE BEEN ADVISED IN WRITING THAT I HAVE HAD AT LEAST TWENTY-ONE (21)&nbsp;DAYS TO CONSIDER THIS
RELEASE AND TO CONSULT WITH AN ATTORNEY CONCERNING ITS TERMS AND EFFECT PRIOR TO EXECUTING THIS RELEASE. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>I, THE UNDERSIGNED, HAVE READ THIS
RELEASE, UNDERSTAND ITS TERMS, AND UNDERSTAND THAT I ENTER THIS RELEASE INTENDING TO AND DO WAIVE, SETTLE AND RELEASE ALL CLAIMS I HAVE OR MIGHT HAVE AGAINST LAM RESEARCH CORPORATION TO THE FULL EXTENT PERMITTED BY LAW. I SIGN THIS RELEASE
VOLUNTARILY AND KNOWINGLY. </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">ACKNOWLEDGED, UNDERSTOOD AND AGREED</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">ON
BEHALF OF LAM RESEARCH CORPORATION:</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">[EMP NAME]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sarah A. O&#146;Dowd</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Group Vice President, HR &amp; Chief Legal Officer</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Date: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>dex102.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT WITH MARTIN B. ANSTICE
<TEXT>
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<TITLE>Employment Agreement with Martin B. Anstice</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
FACE="Times New Roman" SIZE="2">Martin B. Anstice Employment Agreement </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EMPLOYMENT AGREEMENT </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Effective July&nbsp;1, 2009 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This
Employment Agreement (the &#147;Agreement&#148;) is made and entered into between Martin B. Anstice (the &#147;Executive&#148;) and Lam Research Corporation, a Delaware corporation (the &#147;Company&#148;). </FONT></P> <P
STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">R E C I T A L S </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A. The Company and
Executive desire to enter into this Agreement with respect to the Executive&#146;s employment with the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In consideration of the
mutual covenants herein contained, and in consideration of the employment of Executive by the Company, the parties agree as follows: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1.
<U>Duties and Scope of Employment</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Position</U>. During the Employment Period (as defined in Section&nbsp;2(a) below), the
Executive shall serve as an Executive Vice President and in such capacity the Executive shall perform the duties and responsibilities as the Chief Executive Officer of the Company (the &#147;CEO&#148;) may, from time to time, reasonably assign to
Executive, in all cases to be consistent with Executive&#146;s offices and positions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Executive&#146;s Obligations</U>. Executive
shall comply with all of the Company&#146;s policies and procedures governing employment. During the Employment Period, the Executive shall devote his full business efforts and time to the Company. The foregoing, however, shall not preclude the
Executive from engaging in such activities and services as do not interfere or conflict with his responsibilities to the Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.
<U>Employment Period</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Term</U>. The Company shall employ the Executive for the period commencing on July&nbsp;1, 2009, and
ending on June&nbsp;30, 2012 (such period, the &#147;Employment Period&#148;) on the terms and subject to the conditions set forth in this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) <U>Termination</U>. This Agreement will terminate at the conclusion of the Employment Period unless the parties agree to extend it. The CEO will provide notice of the Company&#146;s intent whether to renew or
enter into a new employment agreement with the Executive twelve (12)&nbsp;months prior to the end of the Employment Period. If the CEO provides notice of the Company&#146;s intent to renew or enter into a new employment agreement with the Executive,
the Company and the Executive will enter into good faith negotiations. Neither (i)&nbsp;providing a notice of intent not to renew or enter into a new employment agreement nor (ii)&nbsp;the failure to renew or enter into a new employment agreement
will be considered an Involuntary Termination as defined in Section&nbsp;7(c). Nothing contained in this Agreement alters the &#147;at will&#148; nature of the Executive&#146;s employment with the Company. In addition, this Agreement may be
terminated prior to expiration of the Employment Period as follows: </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>By the Company</U>. The Company may terminate the Executive&#146;s employment for Cause (as
defined in Section&nbsp;7(a) below), by giving the Executive thirty (30)&nbsp;days&#146; advance written notice, subject, however, to the cure provisions of such Section. The Company may terminate the Executive&#146;s employment with the Company for
any reason (other than due to the Executive&#146;s death or Disability, which are addressed in Sections 2(c) and 2(d) below) by giving the Executive ninety (90)&nbsp;days&#146; advance notice in writing, although the Company may pay to the Executive
the compensation Executive would have otherwise received during such period in lieu of such notice. Unless such termination by the Company is a termination for Cause or due to the Executive&#146;s death or Disability, it shall be regarded as an
Involuntary Termination of the Executive. Any waiver of notice shall be valid only if it is made in writing and expressly refers to the applicable notice requirement of this Section&nbsp;2(b). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>By the Executive</U>. The Executive may terminate his employment with the Company by reason of Involuntary Termination (as defined in
Section&nbsp;7(c) below) by giving the Company thirty (30)&nbsp;days&#146; advance written notice, subject, however, to the cure provisions of such Section. The Executive may tender his Voluntary Resignation (as defined in this Agreement) by giving
the Company ninety (90)&nbsp;days&#146; advance written notice, which period may be waived or reduced at the Company&#146;s option, although the Company may choose to pay the Executive, in lieu of such notice period the amounts that would otherwise
be due to the Executive during such period. Any waiver or reduction of notice shall be valid only if it is made in writing and expressly refers to the applicable notice requirement of this Section&nbsp;2(b). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Death</U>. The Executive&#146;s employment shall terminate immediately in the event of his death. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Disability</U>. The Executive&#146;s employment shall terminate in the event of his Disability (as defined in Section&nbsp;7(b) below).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Priority of Rights and Obligations upon Termination</U>. If any event leading to or permitting termination of this Agreement, or
providing notice thereof, occurs at approximately the same time as any other termination event or during any termination notice period, and those events invoke different notice periods or different severance or other benefit arrangements, the
deadlines, obligations, rights and benefits applicable to the termination event having the highest priority shall control. The priority of termination events (from highest to lowest priority) is as follows: (1)&nbsp;termination for Cause;
(2)&nbsp;Voluntary Resignation; (3)&nbsp;Involuntary Termination; (4)&nbsp;Disability; and (5)&nbsp;death. For example, if Executive gives notice of his Voluntary Resignation and, before the 90 day notice period has expired, he is subject to an
Involuntary Termination, only the rights and benefits available to him for Voluntary Resignation apply since the provisions governing Voluntary Resignation have a higher priority than those applicable to Involuntary Termination. Similarly, if the
Executive has been subject to an Involuntary Termination and dies during the notice period, he shall have the rights and benefits available to his estate as one subject to an Involuntary Termination. Expiration of this Agreement prevails over all
termination events. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. <U>Compensation and Benefits</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Base Compensation</U>. During the term of this Agreement, the Company shall pay the Executive as compensation for services a base salary at the
annual rate of $450,000 ($393,750 while the executive salary reduction program in effect as of the date of this Agreement remains in effect). The Compensation Committee, at least annually, will review, and potentially adjust, such base salary on a
prospective basis, reasonably taking into account Executive&#146;s performance and prevailing compensation for executives at similar levels in similar sized companies in the industry. Such salary shall be paid periodically in accordance with normal
Company payroll. The annual compensation specified in this Section&nbsp;3(a) is referred to in this Agreement as &#147;Base Compensation.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(b) <U>Variable Compensation</U>. Executive shall be entitled to participate in any short-term or long-term variable compensation plans offered by the Company to its executive officers generally (collectively, such plans are referred to in
this Agreement as the &#147;Combined Plans&#148; and which are currently the Annual Incentive Plan and the Long-Term Incentive Plan, which includes the Multi-Year Incentive Plan and the equity components of the Long-Term Incentive Plan), subject to
the generally applicable terms and conditions of the plan in question and to the determination of the Compensation Committee or any committee administering such plan. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(c) <U>Deferred Compensation</U>. The Executive shall be entitled to participate in the Company&#146;s Elective Deferred Compensation Plan pursuant to the terms thereof. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Benefits</U>. During the Employment Period, the Executive shall be eligible to participate in the benefit plans and compensation programs
maintained by the Company of general applicability to other executive officers of the Company, including (without limitation) retirement plans, savings or profit-sharing plans, deferred compensation plans, supplemental retirement or excess-benefit
plans, stock option, life, disability, health, accident and other insurance programs, paid vacations (but accruing at not less than three weeks per year), and similar plans or programs, subject in each case to the generally applicable terms and
conditions of the plan or program in question and to the determination of the Compensation Committee or any committee administering such plan or program. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(e) <U>Reimbursement of Business Expenses</U>. The Company shall reimburse the Executive for all reasonable and necessary business expenses incurred by the Executive in the performance of his duties hereunder upon
proper submission of expense reports in accordance with Company policies regarding such reimbursement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4. <U>Section&nbsp;162(m)</U>.
Executive and the Company agree to use reasonable good faith efforts, to the extent reasonably practicable and not materially adverse to Executive, to structure payment of all amounts of Executive&#146;s compensation from the Company so as to avoid
non-deductibility of any such amounts under Section&nbsp;162(m) of the Internal Revenue Code (the &#147;Code&#148;) or any successor provision. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. <U>Benefits Upon a Change in Control</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(a) If a Change in Control (as defined in this Agreement) occurs during the Employment Period, and an Involuntary Termination of
Executive&#146;s employment occurs either in contemplation of such Change in Control</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2"> or within twelve (12)&nbsp;months following a Change in Control</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">, then:
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(i) Within ten (10)&nbsp;days following the Termination Date, the Company shall pay Executive a lump sum equal to
(A)&nbsp;twelve (12)&nbsp;months of Base Compensation (without giving effect to any salary reduction program currently in effect), plus (B)&nbsp;an amount equal to the average of the short-term variable compensation plan (currently the Annual
Incentive Plan, and for prior years the annual variable compensation plan called the &#147;MBO&#148;, and together with any future short-term variable compensation plan, collectively hereinafter referred to as the &#147;Short Term Plan&#148;)
payments earned by the Executive over the last five (5)&nbsp;years in which the Executive was employed with the Company on December&nbsp;31</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of such year (the &#147;Five Year Average Amount&#148;), plus (C)&nbsp;a pro-rata amount (based on the number of full months worked
during the calendar year during which the Termination Date occurs) of the Five Year Average Amount. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(ii) If at the
Termination Date, payment has not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive, not later than March&nbsp;15</FONT><FONT
FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he would have earned under
such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:3px;"><FONT
FACE="Times New Roman" SIZE="2">(iii) If the Executive qualifies for participation in the Company&#146;s Executive Retiree Medical Benefit Plan prior to the Termination Date, then the Executive will receive the benefits he qualifies for under the
Executive Retiree Medical Benefit Plan or, if such plan has been terminated prior to the Termination Date, within ten (10)&nbsp;days following the Termination Date, the Company shall pay the Executive a lump sum amount (the &#147;Medical Plan
Payment&#148;) equal to the present value of the benefits for which the Executive qualified prior to the termination of such plan. The present value of such benefits shall be determined actuarially based on the actual cost of replacing the benefits
as of the Termination Date.</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">3</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> If the Executive does not qualify for participation in
the Executive Retiree Medical Benefit Plan prior to the </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P
STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For purposes of this Agreement, &#147;occurring in contemplation of a Change in Control&#148; means an Involuntary Termination occurring within one (1)&nbsp;month
prior to an actual Change in Control. It shall also include any termination if the termination was a condition of a party other than the Company to entry into an agreement, the consummation of which would cause a Change in Control (an
&#147;Acquisition Agreement&#148;), whether or not such person actually enters into such agreement. Finally, it shall also include any Involuntary Termination if the actions constituting grounds for Involuntary Termination were taken at the request
or direction of a person who has entered into an Acquisition Agreement. </FONT></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For purposes of clarity, (1)&nbsp;the Termination Date (as defined in Section&nbsp;7(d)) applicable to the Involuntary Termination must occur in contemplation of a
Change in Control or (2)&nbsp;notice of the Involuntary Termination, in accordance with Section&nbsp;9, must be given or received by the Company, as applicable, within twelve (12)&nbsp;months following the Change in Control.
</FONT></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">3</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The parties agree that based on the terms of the Executive Retiree Medical Benefit Plan as of the date of this Agreement, Executive will not qualify for
participation in such plan during the term of this Agreement. </FONT>
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<FONT FACE="Times New Roman" SIZE="2">Termination Date, within ten (10)&nbsp;days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive would be
required to pay for the COBRA benefits selected by Executive for twelve (12)&nbsp;months after the Executive&#146;s Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:3px;"><FONT
FACE="Times New Roman" SIZE="2">(iv) The unvested portion(s) of any stock options/Restricted Stock Units (&#147;RSUs&#148;) that were granted to Executive prior to the Change in Control shall automatically be accelerated in full so as to become
completely vested as of the Termination Date. Unless the grant was made prior to the effective date of this Agreement, the stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or
expire pursuant to their original terms or unless they are exchanged for cash in connection with any Change in Control. For options granted prior to the effective date of this Agreement, the grant&#146;s award agreement shall control its
exercisability</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">4</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">. The Company will issue the shares underlying the RSUs within ten
(10)&nbsp;days of the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) In the event of a Change in Control, for any long-term cash-based variable compensation plan
(currently the Multi-Year Incentive Plan, and together with any future long-term cash-based variable compensation plan, hereinafter the &#147;Long Term Cash Plan&#148;) awards outstanding (which currently would include two Long Term Cash Plan
performance cycles) at the time of the Change in Control, performance cycles under such plans shall cease as of the date of the Change in Control. The Company shall pay Executive, subject to the payout dates and restrictions below, all accrued
amounts as of the last full completed quarter as of the date of the Change in Control, under each performance cycle of such plan, plus the Remaining Target Amount for each performance cycle under each such plan (together, the &#147;Payment
Amounts&#148;). The Remaining Target Amount shall equal, for each performance cycle under each plan, the target amount multiplied by the number of quarters in the performance cycle that end after the time of the Change in Control, divided by the
total number of quarters in the full performance cycle. Payment shall be made at the times specified below, and pending payment, the Company shall hold such amount in a book account for the Executive. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Change in Control, Involuntary Termination</U>. In the case of a Change in Control where the Executive&#146;s employment terminates due to an
Involuntary Termination prior to twelve (12)&nbsp;months following the Change in Control or in contemplation of a Change in Control, the Payment Amounts shall be paid out to the Executive within ten (10)&nbsp;days following the Termination Date.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>Change in Control, No Termination</U>. In the case of a Change in Control where the Executive&#146;s employment does not
terminate within twelve (12)&nbsp;months following the Change in Control or in contemplation of a Change in Control, the Executive shall receive the Payment Amounts when it is ordinarily paid out. For avoidance of doubt, if there are multiple Long
Term Cash Plan performance cycles, portions of the Payment Amounts may be paid in different years, each in accordance with the terms of the relevant performance cycle. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(c) No Change in Control benefits under Sections 5(a) or 5(b) will apply if the Change in Control or Involuntary Termination occurs after the Executive has (i)&nbsp;given notice of </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">4</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Generally, option award agreements allow exercise of the option for periods ranging from thirty (30)&nbsp;days to one (1)&nbsp;year after termination of employment,
depending on the option plan and the nature of the termination. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">Voluntary Resignation or (ii)&nbsp;been given notice of termination for Cause by the Company, unless that notice of termination for Cause is subsequently
withdrawn (in writing) by the Company and Executive&#146;s employment does not terminate as a result of such notice. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) If the Company is
acquired by another entity in connection with a Change in Control and there is or will be no market for the Common Stock of the Company, the vesting of all Executive&#146;s stock options/RSUs, granted prior to the Change in Control, will accelerate
immediately prior to the Change in Control (and, for stock options, be immediately exercisable) if the acquiring company does not provide Executive with stock options/RSUs comparable to the unvested stock options/RSUs granted Executive by the
Company, regardless of whether the Executive&#146;s employment is terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) These Section&nbsp;5 benefits upon a Change in Control
shall be the sole benefits that the Executive is entitled to under this Agreement (<I>i.e.</I>, the Executive is not also entitled to any additional benefits provided in Section&nbsp;6(b), below). </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6. <U>Severance Benefits other than in a Change in Control</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(a) <U>Benefits; Miscellaneous</U>. In the event of any termination of Executive&#146;s employment at any time during the term of this Agreement, (1)&nbsp;the Company shall pay the Executive any unpaid Base
Compensation due for periods prior to the Termination Date; (2)&nbsp;the Company shall pay the Executive all of the Executive&#146;s accrued and unused vacation through the Termination Date; and (3)&nbsp;following submission of proper expense
reports by the Executive (or his estate), the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive in connection with the business of the Company. These payments shall be made promptly at the
Company&#146;s next scheduled payroll date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) In the event of a termination other than one described in Section&nbsp;5, Executive shall
be entitled to severance benefits that vary depending upon the reason for termination. Such benefits shall be as follows (and no others): </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">(i) <U>Voluntary Resignation Severance Benefits</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) Base Compensation shall cease on the Termination Date. Executive shall
not be entitled to any further payment pursuant to the Short Term Plan or the Long Term Cash Plan following termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) All medical
and health benefits shall cease on the Termination Date, except as specified in any then existing Executive Retiree Medical Benefit Plan for which Executive qualifies. All Company 401(k) Plan benefits, Elective Deferred Compensation Plan benefits
and other benefits not specifically addressed in this Agreement shall be treated in accordance with the terms of such plans and benefits. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman"
SIZE="2">(C) Stock options will cease to vest on the Termination Date and will be cancelled ninety (90)&nbsp;days after the Termination Date (unless they are exercised or expire pursuant to their terms before cancellation). RSUs will be cancelled on
the Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 6 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>Involuntary Termination Severance Benefits</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) Within ten (10)&nbsp;days following the Termination Date, the Company shall pay Executive a lump sum equal to (x)&nbsp;twelve (12)&nbsp;months of
Base Compensation (without giving effect to any salary reduction program currently in effect), plus (y)&nbsp;an amount equal to one half (50%)&nbsp;of the Five Year Average Amount (as defined in Section&nbsp;5). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) At the time that the Company makes payments to other executive officers under the Short Term Plan that is in effect during the calendar year in
which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end of such calendar year, such pro-rata portion to be calculated
based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman"
SIZE="2">(C) If at the Termination Date, payment has not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive, not later than
March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he
would have earned under such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(D) If the Executive qualifies for participation in the Company&#146;s Executive Retiree Medical Benefit Plan prior to the Termination Date, then the Executive will receive the benefits he qualifies for under the
Executive Retiree Medical Benefit Plan, or if such plan has been terminated prior to the Termination Date, within ten (10)&nbsp;days following the Termination Date, the Company shall pay the Executive the Medical Plan Payment. If the Executive does
not qualify for participation in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within ten (10)&nbsp;days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive would be
required to pay for the COBRA benefits selected by Executive for twelve (12)&nbsp;months after the Executive&#146;s Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT
FACE="Times New Roman" SIZE="2">(E) For any stock options/RSUs granted to the Executive twelve (12)&nbsp;months or more before the Termination Date, a number of shares shall vest (and for stock options, become exercisable as of the Termination Date)
such that the total number of shares vested on the Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during the vesting schedule)</FONT><FONT
FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">5</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">. Unless the grant was made prior to the effective date of this Agreement, the stock options
shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms or unless they are exchanged for cash in connection with any Change in Control. For options granted
prior to the effective date of this Agreement, the grant&#146;s award agreement shall control its exercisability. The Company will issue the shares underlying the RSUs to the Executive within ten (10)&nbsp;days following the Termination Date. In
addition, the Compensation Committee may, in its discretion, accelerate the vesting of additional stock options or RSUs held by the Executive. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P
STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">5</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For example, if a stock option has a four (4)&nbsp;year vesting schedule where 25% of the options vest on each anniversary of the grant date, an Executive whose
Termination Date is twenty seven (27)&nbsp;months and a day after grant will already have vested in 50% of the total option, and will vest in an additional 6.25% (3/48)&nbsp;of the total option by virtue of this section. No additional vesting shall
occur beyond this additional amount. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 7 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(F)&nbsp;Any Long Term Cash Plan awards, which are accrued as of the last full completed quarter prior
to the Termination Date, shall be paid to the Executive within ten (10)&nbsp;days following the Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) <U>Severance
Benefits following a termination for Cause</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) Base Compensation shall cease on the Termination Date. Executive shall not be entitled
to any further payment pursuant to the Short Term Plan or the Long Term Cash Plan following termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) All medical and health
benefits shall cease on the Termination Date, except as specified in any then existing Executive Retiree Medical Benefit Plan for which Executive qualifies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(C) Stock options will cease to vest on the Termination Date and will be cancelled thirty (30)&nbsp;days after the Termination Date (unless they are exercised or expire pursuant to their terms before cancellation).
RSUs will be cancelled on the Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) <U>Death Severance Benefits</U>. Executive&#146;s employment shall terminate
immediately in the event of his death. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) At the time that the Company makes payments to other executive officers under the Short Term
Plan that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive&#146;s estate a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end
of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(B) If at the Termination Date, payments have not been made under the Short Term Plan that was in effect during the calendar year
prior to the year in which the Termination Date occurs, the Company shall pay the Executive&#146;s estate, not later than March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he would have earned under such prior-year plan (based on the
performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(C) If the Executive qualifies for
participation in the Company&#146;s Executive Retiree Medical Benefit Plan prior to the Termination Date, then the Executive&#146;s eligible dependents will receive the benefits they qualify for under the Executive Retiree Medical Benefit Plan, or
if such plan has been terminated prior to the Termination Date, within sixty (60)&nbsp;days following the Termination Date, the Company shall pay the eligible dependents the Medical Plan Payment. If the Executive does not qualify for participation
in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within sixty (60)&nbsp;days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive&#146;s estate would be required to pay for
the COBRA benefits selected by Executive&#146;s estate for Executive&#146;s eligible dependents for twelve (12)&nbsp;months after the Executive&#146;s Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 8 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(D) For any stock options/RSUs granted to the Executive before the Termination Date, a number of shares
shall vest so that the greater of (x)&nbsp;50% of the shares in each grant are immediately vested (and, for stock options, become exercisable) or (y)&nbsp;the total number of shares vested (and for stock options, become exercisable) on the
Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during the vesting schedule). Unless the grant was made prior to the effective date of this Agreement,
the stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are exchanged for cash in connection with any Change in Control. For
options granted prior to the effective date of this Agreement, the grant&#146;s award agreement shall control its exercisability. The Company will issue the shares underlying the RSUs to the Executive&#146;s estate within ten (10)&nbsp;days
following the Termination Date. In addition, the Compensation Committee may, in its discretion, accelerate the vesting of additional stock options or RSUs held by the Executive. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(E) Any Long Term Cash Plan awards, which are accrued as of the last full completed quarter prior to the Termination Date, shall be paid to
Executive&#146;s estate within sixty (60)&nbsp;days following the Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(v) <U>Disability Severance Benefits</U>. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) At the time that the Company makes payments to other executive officers under the Short Term Plan that is in effect during the calendar year in
which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end of such calendar year, such pro-rata portion to be calculated
based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman"
SIZE="2">(B) If at the Termination Date, payments have not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay Executive, not later than
March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he
would have earned under such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(C) If the Executive qualifies for participation in the Company&#146;s Executive Retiree Medical Benefit Plan prior to the Termination Date, then the Executive will receive the benefits he qualifies for under the
Executive Retiree Medical Benefit Plan or, if such plan has been terminated prior to the Termination Date, within sixty (60)&nbsp;days following the Termination Date, the Company shall pay the Executive the Medical Plan Payment. If the Executive
does not qualify for participation in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within sixty (60)&nbsp;days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive would be
required to pay for the COBRA benefits selected by the Executive for twelve (12)&nbsp;months after the Executive&#146;s Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 9 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(D) For any stock options/RSUs granted to the Executive before the Termination Date, a number of shares
shall vest so that the greater of (x)&nbsp;50% of the shares in each grant are immediately vested (and, for stock options, become exercisable) or (y)&nbsp;the total number of shares vested (and for stock options, become exercisable) on the
Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during the vesting schedule). Unless the grant was made prior to the effective date of this Agreement,
the stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are exchanged for cash in connection with any Change in Control. For
options granted prior to the effective date of this Agreement, the grant&#146;s award agreement shall control its exercisability. The Company will issue the shares underlying the RSUs to the Executive within ten (10)&nbsp;days following the
Termination Date. In addition, the Compensation Committee may, in its discretion, accelerate the vesting of additional stock options or RSUs held by the Executive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(E) Any Long Term Cash Plan awards which are accrued as of the last full completed quarter prior to the Termination Date, shall be paid to Executive within sixty (60)&nbsp;days following the Termination Date.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7. <U>Definition of Terms</U>. The following terms referred to in this Agreement shall have the following meanings: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Cause</U>. &#147;Cause&#148; shall mean: (1)&nbsp;Executive&#146;s willful and continued failure to perform the duties and responsibilities of his
position after there has been delivered to Executive a written demand for performance from the Board of Directors of the Company (the &#147;Board&#148;) which describes the basis for the Board&#146;s belief that Executive has not substantially
performed his duties and responsibilities and provides Executive with thirty (30)&nbsp;days to take corrective action; (2)&nbsp;Any act of personal dishonesty knowingly taken by Executive in connection with his responsibilities as an employee of the
Company with the intention or reasonable expectation that such action may result in substantial financial enrichment of Executive; (3)&nbsp;Executive&#146;s conviction of, or plea of guilty or nolo contendere to, a felony; (4)&nbsp;a willful and
knowing act by the executive which constitutes gross misconduct; or (5)&nbsp;A willful breach of a material provision of this Agreement by the Executive. Termination for Cause shall not be deemed to have occurred unless, by the affirmative vote of
all of the members of the Board (excluding the Executive and any person who reports to the Executive, if applicable), at a meeting called and held for that purpose (after reasonable notice to the Executive and his counsel and after allowing the
Executive and his counsel to be heard before the Board), a resolution is adopted finding that in the good faith opinion of such Board members the Executive was guilty of conduct set forth in (1), (2), (3), (4)&nbsp;or (5)&nbsp;of this
Section&nbsp;7(a), specifying the particulars thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Disability</U>. &#147;Disability&#148; shall mean that the Executive is
unable to engage in any substantial gainful activity by reasons of any readily determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuing period of not less than twelve
(12)&nbsp;months. A Disability must be certified by an approved Company physician. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 10 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Involuntary Termination</U>. &#147;Involuntary Termination&#148; shall mean: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) in the context of a Change in Control, a material reduction of the Executive&#146;s duties or responsibilities (other than for Cause or as a result
of death or Disability); other than in the context of a Change in Control, service in a capacity below that of an Executive Vice President of the Company (other than for Cause or as a result of death or Disability); </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) a material reduction in the Executive&#146;s Base Compensation and benefits package, other than a reduction in Base Compensation which is part of,
and generally consistent with, a general reduction of salaries of all executive officers of the Company and of any party acquiring control of the Company in a Change in Control, or other than a change in Executive&#146;s benefits package that
continues to provide Executive with comparable benefits to those enjoyed prior to the change; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) a material reduction by the Company
in the Executive&#146;s current Target Total Direct Compensation, other than: (A)&nbsp;any such reduction applicable to all executive officers of the Company and any party acquiring control of the Company in a Change in Control generally, or
(B)&nbsp;unless in connection with a Change in Control, in which case this clause (B)&nbsp;shall not apply, any such reduction that is based on a good faith market review of executive compensation conditions and levels (for similar positions in
comparable companies) conducted in accordance with the normal compensation evaluation process applicable to executive officers of the Company generally. For purposes of the foregoing, Target Total Direct Compensation means current annual Base
Compensation (determined in the same manner as in Section&nbsp;7(c)(ii)) plus current annual benefits plus current annual target amounts under the Combined Plans, and to the extent that Target Direct Compensation includes equity awards, the value of
such equity shall be determined at the time of grant based on the total stock compensation expense (FAS 123R) associated with that award; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">(iv) the relocation of the Company&#146;s principal executive office to a location more than fifty (50)&nbsp;miles from its present location but only if the Executive is required to change his principal place of employment to such new
location; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(v) any termination of the Executive&#146;s employment by or at the request of the Company other than for Cause, Disability or
death; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(vi) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section&nbsp;8 below;
or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(vii) any material breach by the Company of any material provision of this Agreement; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">subject to the following: (A)&nbsp;None of the foregoing actions shall constitute Involuntary Termination if the Executive has agreed thereto. (B)&nbsp;The CEO providing
notice of the Company&#146;s intent not to enter into, renew or extend this Agreement pursuant to Section&nbsp;2(b) hereof shall not be considered an Involuntary Termination (although any of the foregoing actions which occurs after the CEO provides
notice of the Company&#146;s intent not to enter into, renew or extend this Agreement may constitute an Involuntary Termination). (C)&nbsp;Except with respect to an event described in Section&nbsp;7(c)(v), the foregoing actions shall constitute
Involuntary Termination </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 11 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">only if and to the extent that (x)&nbsp;within 90 days of the occurrence of the events giving rise to an Involuntary Termination, the Executive provides
written notice to the Company setting forth in reasonable detail such facts which Executive believes constitute Involuntary Termination, (y)&nbsp;any circumstances constituting Involuntary Termination remain uncured for a period of thirty
(30)&nbsp;days following the Company&#146;s receipt of such written notice, and (z)&nbsp;the Termination Date occurs within one hundred and eighty (180)&nbsp;days following the initial existence of the event giving rise to an Involuntary
Termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Termination Date</U>. &#147;Termination Date&#148; shall mean: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) In the case of a termination for Cause, the last day of the thirty (30)&nbsp;day notice period, unless the reason for such termination is cured by
the Executive prior to the end of the thirty (30)&nbsp;day period; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) In the case of a Company initiated Involuntary Termination (under
Section&nbsp;2(b)(i) of this Agreement), the last day of the ninety (90)&nbsp;day notice period required under such section, or such earlier date at which the Company waives notice and pays the Executive in lieu of such notice; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) In the case of the Executive&#146;s Voluntary Resignation or of an Involuntary Termination initiated by the Executive (each under
Section&nbsp;2(b)(ii) of this Agreement), the last day of the applicable notice period required under such section, or such earlier date at which the Company waives notice and pays the Executive in lieu of such notice; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) In the case of Executive&#146;s death, the date of such death; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">(v) In the case of Executive&#146;s Disability, the date of such Disability. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Notwithstanding the
foregoing, in the event of an Involuntary Termination occuring in contemplation of a Change in Control, if the Termination Date would otherwise have occurred prior to the Change in Control, the Termination Date shall take place on the date of the
Change in Control. If more than one Termination Date may apply, then the priority provisions of Section&nbsp;2(e) of this Agreement shall determine which Termination Date controls. The Company and the Executive shall take all steps necessary to
ensure that any termination described in this Agreement constitutes a &#147;separation from service&#148; within the meaning of Section&nbsp;409A of the Code, and notwithstanding anything to the contrary, the date on which such separation from
service takes place shall be the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Change in Control</U>. &#147;Change in Control&#148; shall mean the occurrence
of any of the following events: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) Any &#147;person&#148; or &#147;group&#148; (as such terms are used in Sections 13(d) and 14(d) of
the Securities Exchange Act of 1934, as amended, but excluding any person or group as such terms is used in Rule 13d-1(b) under the Exchange Act) is or becomes the &#147;beneficial owner&#148; (as defined in Rule 13-d-3 under said Act), directly or
indirectly, of securities of the Company representing forty percent (40%)&nbsp;or more of the total voting power represented by the Company&#146;s then outstanding voting securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 12 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) A change in the composition of the Board occurring within a two-year period, as a result of which
fewer than a majority of the directors are Incumbent Directors. &#147;Incumbent Directors&#148; shall mean directors who either (A)&nbsp;are directors of the Company as of the effective date of this Agreement, or (B)&nbsp;are elected, or nominated
for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or
threatened proxy contest relating to the election of directors to the Company); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) The stockholders of the Company approve a merger or
consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior hereto continuing to represent (either by remaining outstanding or
by being converted into voting securities of the surviving entity) more than fifty percent (50%)&nbsp;of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or
consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company&#146;s assets (other than to a subsidiary or
subsidiaries); or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) Any other event as determined by the independent members of the Board, in the sole discretion of the independent
members of the Board. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>Voluntary Resignation</U>. &#147;Voluntary Resignation&#148; shall mean Executive&#146;s termination of his
employment at any time, for any reason, by the Executive, other than by reason of Involuntary Termination, death or Disability. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8.
<U>Successors.</U> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Company&#146;s Successors</U>. The Company shall require a successor to the Company (whether direct or indirect
and whether by purchase, lease, merger, consolidation, liquidation or otherwise) or to all or substantially all of the Company&#146;s business and/or assets (each a &#147;Successor Company&#148;) to assume the Company&#146;s obligations under this
Agreement and agree expressly to perform such obligations in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term
&#147;Company&#148; shall include any Successor Company which executes and delivers the assumption agreement described in this subsection (a)&nbsp;or which becomes bound by the terms of this Agreement by operation of law. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Executive&#146;s Successors</U>. The terms of this Agreement and all rights of the Executive hereunder shall inure to the benefit of, and be
enforceable by, the Executive&#146;s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 13 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">9. <U>Notice</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(a) <U>General</U>. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by Federal Express or a
comparable air courier company. In the case of the Executive, notices sent by courier shall be addressed to him at the home address that he most recently communicated to the Company in writing. In the case of the Company, notices sent by courier
shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Chief Legal Officer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b)
<U>Notice of Termination</U>. Any termination by the Company for Cause or by the Executive as a result of a Voluntary Resignation or any Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in
accordance with Section&nbsp;9(a) of this Agreement. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for
termination under the provision so indicated, and shall specify the Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10. <U>Non-Compete; Non-Solicit.</U> </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) The parties hereto recognize that the Executive&#146;s services are special and unique and that his level of compensation and the provisions herein
for compensation upon Involuntary Termination are partly in consideration of and conditioned upon the Executive&#146;s not competing with the Company, and that the covenant on his part not to compete and not to solicit as set forth in this
Section&nbsp;10 is essential to protect the business and goodwill of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Executive agrees that prior to the Termination
Date, the Executive will not either directly or indirectly, whether as a director, officer, consultant, employee or advisor or in any other capacity (1)&nbsp;render any planning, marketing or other services respecting the creation, design,
manufacture or sale of semiconductor manufacturing equipment and/or software to any business, agency, partnership or entity (&#147;Restricted Business&#148;) other than the Company, or (2)&nbsp;make or hold any investment in any Restricted Business
in the United States other than the Company, whether such investment be by way of loan, purchase of stock or otherwise, provided that there shall be excluded from the foregoing the ownership of not more than 2% of the listed or traded stock of any
publicly held corporation. For purposes of this Section&nbsp;10, the term &#147;Company&#148; shall mean and include the Company, any subsidiary or affiliate of the Company, any Successor Company and any other corporation or entity of which the
Executive may serve as a director, officer or employee at the request of the Company or any Successor Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) Prior to the
Termination Date, and for the period extending six (6)&nbsp;months thereafter, the Executive will not directly induce or attempt to influence any employee of the Company to leave its employ and join any Restricted Business in or within 50 miles of
Fremont, California. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) The Executive agrees that the Company would suffer an irreparable injury if he were to breach the covenants
contained in subparagraphs (b)&nbsp;or (c)&nbsp;and that the Company would by reason of such breach or threatened breach be entitled to injunctive relief in a court of appropriate jurisdiction, and the Executive hereby stipulates to the entering of
such injunctive relief prohibiting him from engaging in such breach. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 14 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) If any of the restrictions contained in this Section&nbsp;10 shall be deemed to be unenforceable by
reason of the extent, duration or geographical scope or other provisions thereof, then the parties hereto contemplate that the court shall reduce such extent, duration, geographical scope or other provisions hereof (but only to the extent necessary
to render such restrictions enforceable) and then enforce this Section&nbsp;10 in its reduced form for all purposes in the manner contemplated hereby. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">11. <U>Existing Confidentiality and Non-Compete Agreements</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Executive represents and warrants
(1)&nbsp;that prior to the date hereof he has provided the Company with true and complete copies of any and all written confidentiality and/or non-compete agreements to which Executive is a party as of the date hereof (together with a written
description of any such oral agreements), and (2)&nbsp;to the best of Executive&#146;s knowledge, full compliance with the terms of each such agreement will not materially interfere with Executive&#146;s duties hereunder (except to the extent that
Executive reasonably may determine to absent himself from certain Company meetings and communication during the first year of the Employment Period). The Executive further covenants that he will not willfully and knowingly fail to fully abide by the
terms of any and all such agreements and will work in good faith with the Company to avoid any breach thereof. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">12. <U>Arbitration</U>.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">At the option of either party, any and all disputes or controversies whether of law or fact and of any nature whatsoever arising from or
respecting this Agreement shall be decided by arbitration under the rules of the American Arbitration Association in accordance with the rules and regulations of that Association with the exception of any claim for temporary, preliminary or
permanent injunctive relief arising from or respecting this Agreement which may be brought by the Company in any court of competent jurisdiction irrespective of Executive&#146;s desire to arbitrate such a claim. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">The arbitrator shall be selected as follows. In the event the Company and the Executive agree on one arbitrator, the arbitration shall be conducted by
such arbitrator. If the parties cannot agree on an arbitrator, the Company and the Executive shall each select one independent, qualified arbitrator and the two arbitrators so selected shall select the third arbitrator. The Company reserves the
right to object to any individual arbitrator who shall be employed by or affiliated with a competing organization. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Arbitration shall take
place in San Jose, California, or any other location mutually agreeable to the parties. At the request of either party, arbitration proceedings will be conducted in the utmost secrecy; in such case all documents, testimony and records shall be
received, heard and maintained by the arbitrators in secrecy under seal, available for the inspection only by the Company and the Executive and their respective attorneys and their respective experts who shall agree in advance and in writing to
receive all such information confidentially and to maintain such information in secrecy unless and until such information shall become generally known. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 15 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The arbitrator, who, if more than one, shall act by majority vote, shall have the power and authority to decree any and
all relief of an equitable nature including, but not limited to, such relief as a temporary restraining order, a temporary and/or permanent injunction, and shall also have the power and authority to award damages, with or without an accounting and
costs, provided, that punitive damages shall not be awarded, and provided, further, that the Executive shall be entitled to reimbursement for his reasonable attorney&#146;s fees to the extent he prevails as to the material issues in such dispute.
The reimbursement of attorney&#146;s fees shall be made promptly following delivery of an invoice therefor. The decree or judgment of an award rendered by the arbitrators may be entered in any court having jurisdiction thereof. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Reasonable notice of the time and place of arbitration shall be given to all persons, other than the parties, as shall be required by law, in which case
such persons or those authorized representatives shall have the right to attend and/or participate in all the arbitration hearings in such a manner as the law shall require. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">13. <U>Excise Tax on Payments</U>. Notwithstanding anything to the contrary contained herein, in the event that any payment by the Company to or for the
benefit of the Executive, whether paid or payable, would be subject to the excise tax imposed by Section&nbsp;4999 of the Code or any comparable federal, state, or local excise tax (such excise tax, together with any interest and penalties, are
hereinafter collectively referred to as the &#147;Excise Tax&#148;), then the Executive shall receive either the full severance amount or a lesser amount that does not trigger an excise tax, whichever produces a greater after-tax benefit to the
Executive, as determined by the Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">14. <U>Miscellaneous Provisions</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>No Duty to Mitigate</U>. The Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor shall any
such payment be reduced by any earnings that the Executive may receive from any other source. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Waiver</U>. No provisions of this
Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by either party of
any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Whole Agreement; Amendment</U>. This Agreement and the documents expressly referred to herein represent the entire agreement of the parties with
respect to the matters set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. Nothing herein affects the continued enforceability of either the Company&#146;s Employment,
Confidential Information and Invention Assignment Agreement previously executed by the Executive, or the Executive&#146;s Indemnification Agreement with the Company. Any benefit amounts referenced as payable to the Executive pursuant to this
Agreement are the sole and exclusive amounts payable to the Executive for the category of benefit addressed by such amounts; provided, however, that this Agreement shall not limit any right of Executive to receive any payments or benefits under an
</FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 16 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">employee benefit or employee compensation plan of the Company, initially adopted prior to or after the date hereof, which are expressly contingent thereunder
upon the occurrence of a Change in Control (including, but not limited to, the acceleration of any rights or benefits thereunder). Notwithstanding the foregoing, in no event shall Executive be entitled to any payment or benefit under this Agreement
which duplicates a payment or benefit received or receivable by Executive under any severance or similar plan or policy of Company, and in any such case Executive shall only be entitled to receive the greater of the two payments. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Choice of Law</U>. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the state of
California, without regard to conflicts of law provisions thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Severability</U>. If any provision of this Agreement is
determined to be invalid or unenforceable, the Agreement shall remain in full force and effect as to the remaining provisions, and the parties shall replace the invalid or unenforceable provision with one which reflects the parties&#146; original
intent in agreeing to the invalid/unenforceable one. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>No Assignment of Benefits</U>. Except as otherwise provided herein, the rights
of any person to payments or benefits under this Agreement shall not be made subject to option or assignment, either by voluntary or involuntary assignment or by operation of law, including (without limitation) bankruptcy, garnishment, attachment or
other creditor&#146;s process, and any action in violation of this subsection (f)&nbsp;shall be void. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) <U>Withholding Taxes</U>. The
Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(h) <U>Section&nbsp;409A of the Code</U>. Notwithstanding anything herein to the contrary, if at the time of the Executive&#146;s
termination of employment with the Company, the Company has determined that the Executive is a &#147;specified employee&#148; as defined in Section&nbsp;409A of the Code and any severance payments and benefits to Executive are considered a
&#147;deferral of compensation&#148; under Section&nbsp;409A of the Code (the &#147;Deferred Payments&#148;), such Deferred Payments that are otherwise payable within the first six months following the Termination Date will become payable on the
first business day of the seventh month following the Executive&#146;s Termination Date, or if earlier the date of the Executive&#146;s death. In the event that payments under this Agreement are deferred pursuant to this Section&nbsp;14(h), then
such payments shall be paid at the time specified in this Section&nbsp;14(h) without interest. The Company shall consult with the Executive in good faith regarding the implementation of the provisions of this Section&nbsp;14(h) <U>provided</U>, that
neither the Company nor any of its employees or representatives shall have any liability to the Executive with respect thereto. Any amount under this Agreement that satisfies the requirements of the &#147;short-term deferral&#148; rule set forth in
Section&nbsp;1.409A-1(b)(4) of the Treasury Regulations will not constitute Deferred Payments for purposes of this Agreement. Any amounts scheduled for payment hereunder when they are ordinarily paid out or when they are made to other executive
officers, will nonetheless be paid to Executive on or before March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the
year following the year when the payment is no longer subject to a substantial risk of forfeiture. For purposes of Section&nbsp;409A of the Code, the right to a series of installment payments under this Agreement shall be treated as a right to a
series of separate </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 17 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">payments, and references herein to the Executive&#146;s termination of employment shall refer to Executive&#146;s separation of services with the Company
within the meaning of Section&nbsp;409A of the Code. Notwithstanding anything to the contrary herein, except to the extent any expense, reimbursement or in-kind benefit provided pursuant to this Agreement does not constitute a &#147;deferral of
compensation&#148; within the meaning of Section&nbsp;409A of the Code: (x)&nbsp;the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive during any calendar year will not affect the amount of expenses eligible
for reimbursement or in-kind benefits provided to the Executive in any other calendar year, (y)&nbsp;the reimbursements for expenses for which the Executive is entitled to be reimbursed shall be made on or before the last day of the calendar year
following the calendar year in which the applicable expense is incurred, and (z)&nbsp;the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any other benefit. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Assignment by Company</U>. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under
this Agreement to another affiliate of the Company or to the Company, provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such
assignment, the term &#147;Company&#148; when used in a section of this Agreement shall mean the corporation that actually employs the Executive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(j) <U>Counterparts</U>. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(k) <U>Survival of Obligations</U>. Except as otherwise described herein, and except to the extent that as of the Termination Date rights to payment
hereunder have accrued, the obligations of Sections 7 through 14 shall survive termination of this Agreement. In the event that a binding agreement is reached that would result in a Change in Control during the Employment Period, Section&nbsp;5 of
this Agreement shall survive with regard to that Change in Control. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(l) <U>Company Release</U>. As a condition to the Company&#146;s
obligations pursuant to this Agreement, the Executive agrees to execute a release of claims against the Company (the &#147;Release&#148;), substantially in the form attached hereto as <U>Exhibit A</U>, by the sixtieth (60th)&nbsp;day following the
Executive&#146;s Termination Date. If the Company has not received an irrevocable Release by the sixtieth (60th)&nbsp;day following the Termination Date, the Company shall be under no obligation to make payments or provide benefits under this
Agreement; provided such sixty (60)&nbsp;day period shall be tolled during the pendancy of any arbitration proceeding under this Agreement. In the event one or more of the provisions of the Release should, for any reason, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of the Release, and the Release shall be construed as if such invalid, illegal or unenforceable provision had never been
contained therein. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 18 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the parties have executed this Agreement. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">LAM RESEARCH CORPORATION</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Stephen G. Newberry</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Stephen G. Newberry</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Its:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">President and Chief Executive Officer</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">DATED: July 28, 2009</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Martin B. Anstice</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Martin B. Anstice</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">DATED: July 28, 2009</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 19 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Martin B. Anstice Employment Agreement </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>EXHIBIT A </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>COMPANY RELEASE </B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Martin B. Anstice Employment Agreement </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px">

<IMG SRC="g43252g79y32.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>LAM RESEARCH CORPORATION RELEASE </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">This Release (&#147;Release&#148;) constitutes a binding agreement between you, <B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[EMP
NAME]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>, Lam Employee No. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[<B>EE
I.D</B>.]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, and Lam Research Corporation (&#147;Lam&#148; or &#147;the Company&#148;). Please review the terms carefully. We advise you to consult with an attorney concerning its
terms. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. This Release is provided to Lam pursuant to an Employment Agreement (your &#147;Agreement&#148;) between you and Lam. You understand that if you
choose not to sign this Release, as provided in your Agreement Lam has no obligation to make any payments or provide any benefits provided in your Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">2. You understand that your obligations under the Confidential Information and Invention Assignment Agreement, or similarly titled agreement, you signed at the beginning of your employment with Lam are ongoing and binding and survive the
termination of your employment with Lam, regardless of whether you sign this Release. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. <U>If you agree to this Release, you will be eligible to receive
the payments and benefits provided in your Agreement</U>. You must sign and return this Release, and it must become irrevocable (as discussed in Sections 4.E. and 8 below), within sixty (60)&nbsp;days of your Termination Date (as defined in your
Agreement). You may, at your discretion, sign and return the Release sooner. You are hereby advised to consider the terms of this Release and consult with an attorney of your choice prior to executing this Release. Lam is under no obligation to pay
any amounts or provide any benefits under your Agreement until such release is irrevocable. Lam will make such payments and provide such benefits under your Agreement as soon as practicable, in accordance with the terms of your Agreement and in
accordance with IRC Section&nbsp;409A and accompanying Treasury Regulations (although Lam makes no representation about any specific tax treatment applicable to you). Neither Lam nor the Executive shall have the right to accelerate or defer the
delivery of any payments or provision of any benefits except as specifically permitted or required by Section&nbsp;409A. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">4. In exchange for and in
consideration of the payments and benefits provided for in your Agreement, you agree to, and agree to abide by, the following terms: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Release</U>. You hereby waive and release, and promise never to assert, any and all claims, except workers compensation or unemployment compensation claims, that
you have, or may have at any time, against Lam and its predecessors, subsidiaries, related entities, and their officers, directors, shareholders, agents, attorneys, employees, benefit plans, successors, or assigns (collectively &#147;Released
Parties&#148;) at all or, specifically, arising from or related to your employment with Lam and/or the termination of your employment with Lam. These claims include, but are not limited to, all claims arising under federal, state, and/or local
statutory or common law, including, but not limited to, claims of wrongful or constructive discharge or demotion, breach of contract (written, oral or implied), breach of the covenant of good faith and fair dealing, violation of public policy,
defamation, personal injury, emotional distress, claims under Title VII of the 1964 Civil Rights Act, as amended, the California Fair Employment and Housing Act (or comparable provision under any other state&#146;s law), the Equal Pay Act of 1963,
California Labor Code Section&nbsp;1197.5 (or comparable provision under any other state&#146;s law), the Age Discrimination in Employment Act of 1967, as amended, the Older Workers Benefit Protection Act (OWBPA), the Americans with Disabilities Act
(ADA), the Civil Rights Act of 1866, the Family and Medical Leave Act (FMLA), the Worker Adjustment and Retraining Notification (WARN) Act, California Labor Code Section&nbsp;1400 et seq., and any other laws, regulations, or ordinances relating to
employment or employment discrimination, and the laws of contract and tort, to the full extent permitted by law. You are, through this Release, releasing the Company from any and all claims you may have against the Company, including claims under
the Age Discrimination in Employment Act of 1967, 29 U.S.C. &#167;621, et seq (ADEA) with the exception of (i)&nbsp;your right to receive the payments provided for in, or to enforce, your Agreement and (ii)&nbsp;any claims you may have </FONT>
</P></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P>
<FONT FACE="Times New Roman" SIZE="2">pursuant to any written agreement, the Company&#146;s certificate of incorporation or bylaws, or as mandated by statute, to indemnification as a director or
officer of the Company; further, rights or claims under the Age Discrimination in Employment Act that may arise after the date this Agreement is executed are not waived. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">B.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Release of Unknown Claims</U>. You agree to waive and release and promise never to assert any claims or potential claims that you might have against the Released Parties, whether
or not you know or might have reason to know of such claims or potential claims or of the facts potentially giving rise to any such claims or potential claims. Specifically, you agree to waive, and by executing this Release do waive, your rights
under section 1542 of the Civil Code of California, or comparable provision of another state&#146;s law, which states: </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2"><I>A
general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known to him or her must have materially affected his or her settlement with the
debtor.</I> </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">C.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Acknowledgment of 21-Day Consideration Period</U>: If you are 40 years of age or older, you acknowledge and agree that you have been given at least 21 days to
consider the terms of this Release before signing it</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">. You knowingly and voluntarily
waive the remainder of the 21-day consideration period, if any, following the date (as indicated below) you sign this Release. You affirm that you have not been asked by the Company to shorten your time period for consideration of whether to sign
this Release. You affirm that the Company has not threatened to withdraw or alter the payments or benefits due to you prior to the expiration of the 21-day period nor has the Company provided different terms to you because you have decided to sign
this Release prior to the expiration of the 21-day consideration period. You understand that by your having waived some portion of the 21-day consideration period, the Company may expedite the processing of some of the payments or benefits provided
to you in reliance upon your signing this Release. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">D.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>No Re-Start of Consideration Period</U>: You agree that any changes to this Release or to the payments or benefits and terms offered or that may be offered to you after your
initial receipt of this Release, whether any such changes (individually or collectively) are material or immaterial, do not and shall not restart the running of the consideration period. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">E.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Right to Revoke</U>: You understand that if you sign this Release, you can change your mind and revoke it within seven days after signing it by returning it with written
revocation notice to the Company in the manner described in the notice provision of your Agreement. You understand that the release and waiver set forth above will not be effective until after this seven-day period has expired.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">F.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Binding Agreement</U>: You understand that following the seven-day revocation period, this Release will be final and binding. You promise that you will not pursue any claim that
you have settled by this Release. If you break this promise, you agree to pay all of the Company&#146;s costs and expenses (including reasonable attorneys&#146; fees) related to the defense of any claims, except this promise not to sue does not
apply to claims that you may have under the OWBPA and the ADEA. Although you are releasing claims that you may have under the OWBPA and the ADEA, you understand that you may challenge the knowing and voluntary nature of this release under the OWBPA
and the ADEA before a court, the Equal Employment Opportunity Commission (EEOC), the National Labor Relations Board (NLRB), or any other federal, state or local agency charged with the enforcement of any employment laws. You understand, however,
that if you pursue a claim against the Company under the OWBPA and/or the ADEA, a court has the discretion to determine whether the Company is entitled to restitution, recoupment, or set off (hereinafter &#147;reduction&#148;) against a monetary
award obtained by you in the court proceeding. A reduction never can exceed the amount you recover, or the consideration you received for signing this Release, whichever is less. You also recognize that the Company may be </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Insert 45 day Consideration Period in circumstances required by law. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 22 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%">
<FONT FACE="Times New Roman" SIZE="2">entitled to recover costs and attorney&#146;s fees incurred by the Company as specifically authorized under applicable law. You further understand that
nothing in this Release generally prevents you from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC, NLRB, or any other federal, state or local agency charged with the enforcement of
any employment laws, although by signing this Release you are waiving your right to individual relief based on claims asserted in such a charge or complaint<U>.</U> Nothing in this Agreement shall be construed to waive any right that is not subject
to waiver by private agreement under federal, state or local laws, such as claims for workers compensation or unemployment benefits. </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">G.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Authorization for Deductions from Paychecks and Other Payments.</U> You hereby authorize Lam to deduct and withhold from your paychecks and from any other payments of cash
compensation due to you, from the date of this Release forward, any and all amounts you may, from time to time, owe to Lam for any reason, including (without limitation) loans or advances to you, reimbursement of paid but unvested signing or
relocation bonuses, amounts due under a promissory note, taxes or tax withholding paid or to be paid by Lam on your behalf. If you owe Lam monies as documented in a promissory note or other written agreement, the repayment terms of that document
will apply. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">H.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Confidentiality of Terms of this Release</U>. You agree not to disclose to any other person or entity any information regarding the terms of this Release, or the fact of its
existence, or the amounts of any payments or benefits made to or provided to you, except that you may disclose such information to your immediate family (spouse, children, or parents), attorney, accountant, or other professional advisor to whom you
must make the disclosure in order for such person to render professional services to you, or as you otherwise may be compelled by law. You will instruct any such persons to whom you make such disclosures, however, to maintain the confidentiality of
such information, consistent with your obligations to maintain its confidentiality hereunder. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">I.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Non-Solicitation</U>. You agree to comply with the terms set forth in Section&nbsp;10 of your Agreement. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">J.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Non-Disparagement</U>. You hereby agree that you will not disparage, criticize, slander, or libel Lam or any of its products, technologies, policies, actions, employees,
officers, or agents, to any third party or person, including without limitation any supplier, customer, or prospective customer or business partner of Lam. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">5. <U>To accept this Release, please sign and date it below and provide it to the Company in the manner described in the notice provision of your Agreement</U>. If your Release is not executed, returned and
irrevocable within 60 days from the Termination Date (as defined in your Agreement), the offer of the payments and benefits described in your Agreement shall automatically expire and this offer shall be deemed revoked. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">6. In the event that you breach any of your obligations under this Release or as otherwise imposed by law, Lam will be entitled to recover the payments and benefits paid
under your Agreement and to obtain all other relief provided by law or equity. Lam&#146;s rights and remedies arising hereunder are cumulative of any and all other rights or remedies Lam may have in the event of a breach of this Release by you.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">7. By signing this Release, you acknowledge that you have had the opportunity to review this Release carefully with an attorney of your choice concerning
its terms and effect, and that the waivers, settlement, and releases made herein are knowing, voluntary, informed, and consensual. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B></B>8. You
understand that once you have signed this Release, you have an additional seven (7)&nbsp;days to revoke your acceptance by submitting a written notice of your revocation to the Company in the manner described in the notice provision of your
Agreement. If you do not revoke your acceptance within seven (7)&nbsp;days of your acceptance, the Release will be deemed effective, binding and enforceable<B>. Please note that this means your executed Release must be received by the Chief Legal
Officer of the Company, within 53 days of Termination Date (as defined in your Agreement) or the Company shall be under no obligation to make the payments or provide the benefits under your Agreement. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 23 - </FONT></P>


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<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">9. This Release shall be construed and enforceable in all respects pursuant to California law, notwithstanding conflict
of laws considerations or the preference, policy or law of any other jurisdiction or forum. Any dispute or action arising from or related to this Release shall be brought in federal or California state court located in the County of Santa Clara,
California, and in no other jurisdiction or venue. The invalidity or unenforceability of any provision(s) of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 24 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>I, THE UNDERSIGNED, HAVE BEEN ADVISED IN WRITING THAT I HAVE HAD AT LEAST TWENTY-ONE (21)&nbsp;DAYS TO CONSIDER THIS
RELEASE AND TO CONSULT WITH AN ATTORNEY CONCERNING ITS TERMS AND EFFECT PRIOR TO EXECUTING THIS RELEASE. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>I, THE UNDERSIGNED, HAVE READ THIS
RELEASE, UNDERSTAND ITS TERMS, AND UNDERSTAND THAT I ENTER THIS RELEASE INTENDING TO AND DO WAIVE, SETTLE AND RELEASE ALL CLAIMS I HAVE OR MIGHT HAVE AGAINST LAM RESEARCH CORPORATION TO THE FULL EXTENT PERMITTED BY LAW. I SIGN THIS RELEASE
VOLUNTARILY AND KNOWINGLY. </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">ACKNOWLEDGED, UNDERSTOOD AND AGREED</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">ON
BEHALF OF LAM RESEARCH CORPORATION:</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">[EMP NAME]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sarah A. O&#146;Dowd</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Group Vice President, HR &amp; Chief Legal Officer</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>dex103.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT WITH ERNEST E. MADDOCK
<TEXT>
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<TITLE>Employment Agreement with Ernest E. Maddock</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.3 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
FACE="Times New Roman" SIZE="2">Ernest E. Maddock Employment Agreement </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EMPLOYMENT AGREEMENT </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Effective July&nbsp;1, 2009 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This
Employment Agreement (the &#147;Agreement&#148;) is made and entered into between Ernest E. Maddock (the &#147;Executive&#148;) and Lam Research Corporation, a Delaware corporation (the &#147;Company&#148;). </FONT></P> <P
STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">R E C I T A L S </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A. The Company and
Executive desire to enter into this Agreement with respect to the Executive&#146;s employment with the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In consideration of the
mutual covenants herein contained, and in consideration of the employment of Executive by the Company, the parties agree as follows: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1.
<U>Duties and Scope of Employment</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Position</U>. During the Employment Period (as defined in Section&nbsp;2(a) below), the
Executive shall serve as a Senior Vice President and in such capacity the Executive shall perform the duties and responsibilities as the Chief Executive Officer of the Company (the &#147;CEO&#148;) and Board of Directors of the Company (the
&#147;Board&#148;) may, from time to time, reasonably assign to Executive, in all cases to be consistent with Executive&#146;s offices and positions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) <U>Executive&#146;s Obligations</U>. Executive shall comply with all of the Company&#146;s policies and procedures governing employment. During the Employment Period, the Executive shall devote his full business
efforts and time to the Company. The foregoing, however, shall not preclude the Executive from engaging in such activities and services as do not interfere or conflict with his responsibilities to the Company. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. <U>Employment Period</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a)
<U>Term</U>. The Company shall employ the Executive for the period commencing on July&nbsp;1, 2009, and ending on June&nbsp;30, 2012 (such period, the &#147;Employment Period&#148;) on the terms and subject to the conditions set forth in this
Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Termination</U>. This Agreement will terminate at the conclusion of the Employment Period unless the parties agree to
extend it. The CEO will provide notice of the Company&#146;s intent whether to renew or enter into a new employment agreement with the Executive twelve (12)&nbsp;months prior to the end of the Employment Period. If the CEO provides notice of the
Company&#146;s intent to renew or enter into a new employment agreement with the Executive, the Company and the Executive will enter into good faith negotiations. Neither (i)&nbsp;providing a notice of intent not to renew or enter into a new
employment agreement nor (ii)&nbsp;the failure to renew or enter into a new employment agreement will be considered an Involuntary Termination as defined in Section&nbsp;7(c). Nothing contained in this Agreement alters the &#147;at will&#148; nature
of the Executive&#146;s employment with the Company. In addition, this Agreement may be terminated prior to expiration of the Employment Period as follows: </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>By the Company</U>. The Company may terminate the Executive&#146;s employment for Cause (as
defined in Section&nbsp;7(a) below), by giving the Executive thirty (30)&nbsp;days&#146; advance written notice, subject, however, to the cure provisions of such Section. The Company may terminate the Executive&#146;s employment with the Company for
any reason (other than due to the Executive&#146;s death or Disability, which are addressed in Sections 2(c) and 2(d) below) by giving the Executive ninety (90)&nbsp;days&#146; advance notice in writing, although the Company may pay to the Executive
the compensation Executive would have otherwise received during such period in lieu of such notice. Unless such termination by the Company is a termination for Cause or due to the Executive&#146;s death or Disability, it shall be regarded as an
Involuntary Termination of the Executive. Any waiver of notice shall be valid only if it is made in writing and expressly refers to the applicable notice requirement of this Section&nbsp;2(b). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>By the Executive</U>. The Executive may terminate his employment with the Company by reason of Involuntary Termination (as defined in
Section&nbsp;7(c) below) by giving the Company thirty (30)&nbsp;days&#146; advance written notice, subject, however, to the cure provisions of such Section. The Executive may tender his Voluntary Resignation (as defined in this Agreement) by giving
the Company ninety (90)&nbsp;days&#146; advance written notice, which period may be waived or reduced at the Company&#146;s option, although the Company may choose to pay the Executive, in lieu of such notice period the amounts that would otherwise
be due to the Executive during such period. Any waiver or reduction of notice shall be valid only if it is made in writing and expressly refers to the applicable notice requirement of this Section&nbsp;2(b). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Death</U>. The Executive&#146;s employment shall terminate immediately in the event of his death. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Disability</U>. The Executive&#146;s employment shall terminate in the event of his Disability (as defined in Section&nbsp;7(b) below).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Priority of Rights and Obligations upon Termination</U>. If any event leading to or permitting termination of this Agreement, or
providing notice thereof, occurs at approximately the same time as any other termination event or during any termination notice period, and those events invoke different notice periods or different severance or other benefit arrangements, the
deadlines, obligations, rights and benefits applicable to the termination event having the highest priority shall control. The priority of termination events (from highest to lowest priority) is as follows: (1)&nbsp;termination for Cause;
(2)&nbsp;Voluntary Resignation; (3)&nbsp;Involuntary Termination; (4)&nbsp;Disability; and (5)&nbsp;death. For example, if Executive gives notice of his Voluntary Resignation and, before the 90 day notice period has expired, he is subject to an
Involuntary Termination, only the rights and benefits available to him for Voluntary Resignation apply since the provisions governing Voluntary Resignation have a higher priority than those applicable to Involuntary Termination. Similarly, if the
Executive has been subject to an Involuntary Termination and dies during the notice period, he shall have the rights and benefits available to his estate as one subject to an Involuntary Termination. Expiration of this Agreement prevails over all
termination events. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. <U>Compensation and Benefits</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Base Compensation</U>. During the term of this Agreement, the Company shall pay the Executive as compensation for services a base salary at the
annual rate of $440,000 ($385,000 while the executive salary reduction program in effect as of the date of this Agreement remains in effect). The Compensation Committee, at least annually, will review, and potentially adjust, such base salary on a
prospective basis, reasonably taking into account Executive&#146;s performance and prevailing compensation for executives at similar levels in similar sized companies in the industry. Such salary shall be paid periodically in accordance with normal
Company payroll. The annual compensation specified in this Section&nbsp;3(a) is referred to in this Agreement as &#147;Base Compensation.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(b) <U>Variable Compensation</U>. Executive shall be entitled to participate in any short-term or long-term variable compensation plans offered by the Company to its executive officers generally (collectively, such plans are referred to in
this Agreement as the &#147;Combined Plans&#148; and which are currently the Annual Incentive Plan and the Long-Term Incentive Plan, which includes the Multi-Year Incentive Plan and the equity components of the Long-Term Incentive Plan), subject to
the generally applicable terms and conditions of the plan in question and to the determination of the Compensation Committee or any committee administering such plan. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(c) <U>Deferred Compensation</U>. The Executive shall be entitled to participate in the Company&#146;s Elective Deferred Compensation Plan pursuant to the terms thereof. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Benefits</U>. During the Employment Period, the Executive shall be eligible to participate in the benefit plans and compensation programs
maintained by the Company of general applicability to other executive officers of the Company, including (without limitation) retirement plans, savings or profit-sharing plans, deferred compensation plans, supplemental retirement or excess-benefit
plans, stock option, life, disability, health, accident and other insurance programs, paid vacations (but accruing at not less than three weeks per year), and similar plans or programs, subject in each case to the generally applicable terms and
conditions of the plan or program in question and to the determination of the Compensation Committee or any committee administering such plan or program. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(e) <U>Reimbursement of Business Expenses</U>. The Company shall reimburse the Executive for all reasonable and necessary business expenses incurred by the Executive in the performance of his duties hereunder upon
proper submission of expense reports in accordance with Company policies regarding such reimbursement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4. <U>Section&nbsp;162(m)</U>.
Executive and the Company agree to use reasonable good faith efforts, to the extent reasonably practicable and not materially adverse to Executive, to structure payment of all amounts of Executive&#146;s compensation from the Company so as to avoid
non-deductibility of any such amounts under Section&nbsp;162(m) of the Internal Revenue Code (the &#147;Code&#148;) or any successor provision. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 3 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. <U>Benefits Upon a Change in Control</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(a) If a Change in Control (as defined in this Agreement) occurs during the Employment Period, and an Involuntary Termination of
Executive&#146;s employment occurs either in contemplation of such Change in Control</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2"> or within twelve (12)&nbsp;months following a Change in Control</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">, then:
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(i) Within ten (10)&nbsp;days following the Termination Date, the Company shall pay Executive a lump sum equal to
(A)&nbsp;twelve (12)&nbsp;months of Base Compensation (without giving effect to any salary reduction program currently in effect), plus (B)&nbsp;an amount equal to the average of the short-term variable compensation plan (currently the Annual
Incentive Plan, and for prior years the annual variable compensation plan called the &#147;MBO&#148;, and together with any future short-term variable compensation plan, collectively hereinafter referred to as the &#147;Short Term Plan&#148;)
payments earned by the Executive over the last five (5)&nbsp;years in which the Executive was employed with the Company on December&nbsp;31</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of such year (the &#147;Five Year Average Amount&#148;), plus (C)&nbsp;a pro-rata amount (based on the number of full months worked
during the calendar year during which the Termination Date occurs) of the Five Year Average Amount. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(ii) If at the
Termination Date, payment has not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive, not later than March&nbsp;15</FONT><FONT
FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he would have earned under
such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:3px;"><FONT
FACE="Times New Roman" SIZE="2">(iii) If the Executive qualifies for participation in the Company&#146;s Executive Retiree Medical Benefit Plan prior to the Termination Date, then the Executive will receive the benefits he qualifies for under the
Executive Retiree Medical Benefit Plan or, if such plan has been terminated prior to the Termination Date, within ten (10)&nbsp;days following the Termination Date, the Company shall pay the Executive a lump sum amount (the &#147;Medical Plan
Payment&#148;) equal to the present value of the benefits for which the Executive qualified prior to the termination of such plan. The present value of such benefits shall be determined actuarially based on the actual cost of replacing the benefits
as of the Termination Date.</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">3</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> If the Executive does not qualify for participation in
the Executive Retiree Medical Benefit Plan prior to the </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P
STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For purposes of this Agreement, &#147;occurring in contemplation of a Change in Control&#148; means an Involuntary Termination occurring within one (1)&nbsp;month
prior to an actual Change in Control. It shall also include any termination if the termination was a condition of a party other than the Company to entry into an agreement, the consummation of which would cause a Change in Control (an
&#147;Acquisition Agreement&#148;), whether or not such person actually enters into such agreement. Finally, it shall also include any Involuntary Termination if the actions constituting grounds for Involuntary Termination were taken at the request
or direction of a person who has entered into an Acquisition Agreement. </FONT></P></TD></TR></TABLE>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For purposes of clarity, (1)&nbsp;the Termination Date (as defined in Section&nbsp;7(d)) applicable to the Involuntary Termination must occur in contemplation of a
Change in Control or (2)&nbsp;notice of the Involuntary Termination, in accordance with Section&nbsp;9, must be given or received by the Company, as applicable, within twelve (12)&nbsp;months following the Change in Control.
</FONT></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">3</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The parties agree that based on the terms of the Executive Retiree Medical Benefit Plan as of the date of this Agreement, Executive will not qualify for
participation in such plan during the term of this Agreement. </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Termination Date, within ten (10)&nbsp;days following the Termination Date, the Company shall pay in a lump sum any COBRA
premiums the Executive would be required to pay for the COBRA benefits selected by Executive for twelve (12)&nbsp;months after the Executive&#146;s Termination Date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(iv) The unvested portion(s) of any stock options/Restricted Stock Units (&#147;RSUs&#148;) that were granted to Executive prior to
the Change in Control shall automatically be accelerated in full so as to become completely vested as of the Termination Date. Unless the grant was made prior to the effective date of this Agreement, the stock options shall remain exercisable for
two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms or unless they are exchanged for cash in connection with any Change in Control. For options granted prior to the effective date of
this Agreement, the grant&#146;s award agreement shall control its exercisability</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">4</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">.
The Company will issue the shares underlying the RSUs within ten (10)&nbsp;days of the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) In the event of a Change in
Control, for any long-term cash-based variable compensation plan (currently the Multi-Year Incentive Plan, and together with any future long-term cash-based variable compensation plan, hereinafter the &#147;Long Term Cash Plan&#148;) awards
outstanding (which currently would include two Long Term Cash Plan performance cycles) at the time of the Change in Control, performance cycles under such plans shall cease as of the date of the Change in Control. The Company shall pay Executive,
subject to the payout dates and restrictions below, all accrued amounts as of the last full completed quarter as of the date of the Change in Control, under each performance cycle of such plan, plus the Remaining Target Amount for each performance
cycle under each such plan (together, the &#147;Payment Amounts&#148;). The Remaining Target Amount shall equal, for each performance cycle under each plan, the target amount multiplied by the number of quarters in the performance cycle that end
after the time of the Change in Control, divided by the total number of quarters in the full performance cycle. Payment shall be made at the times specified below, and pending payment, the Company shall hold such amount in a book account for the
Executive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Change in Control, Involuntary Termination</U>. In the case of a Change in Control where the Executive&#146;s
employment terminates due to an Involuntary Termination prior to twelve (12)&nbsp;months following the Change in Control or in contemplation of a Change in Control, the Payment Amounts shall be paid out to the Executive within ten (10)&nbsp;days
following the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>Change in Control, No Termination</U>. In the case of a Change in Control where the
Executive&#146;s employment does not terminate within twelve (12)&nbsp;months following the Change in Control or in contemplation of a Change in Control, the Executive shall receive the Payment Amounts when it is ordinarily paid out. For avoidance
of doubt, if there are multiple Long Term Cash Plan performance cycles, portions of the Payment Amounts may be paid in different years, each in accordance with the terms of the relevant performance cycle. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) No Change in Control benefits under Sections 5(a) or 5(b) will apply if the Change in Control or Involuntary Termination occurs after the Executive
has (i)&nbsp;given notice of </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT FACE="Times New Roman"
SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">4</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Generally, option award agreements allow exercise of the option for periods ranging from thirty (30)&nbsp;days to one (1)&nbsp;year after termination of employment,
depending on the option plan and the nature of the termination. </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Voluntary Resignation or (ii)&nbsp;been given notice of termination for Cause by the Company, unless that notice of
termination for Cause is subsequently withdrawn (in writing) by the Company and Executive&#146;s employment does not terminate as a result of such notice. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(d) If the Company is acquired by another entity in connection with a Change in Control and there is or will be no market for the Common Stock of the Company, the vesting of all Executive&#146;s stock options/RSUs,
granted prior to the Change in Control, will accelerate immediately prior to the Change in Control (and, for stock options, be immediately exercisable) if the acquiring company does not provide Executive with stock options/RSUs comparable to the
unvested stock options/RSUs granted Executive by the Company, regardless of whether the Executive&#146;s employment is terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e)
These Section&nbsp;5 benefits upon a Change in Control shall be the sole benefits that the Executive is entitled to under this Agreement (<I>i.e.</I>, the Executive is not also entitled to any additional benefits provided in Section&nbsp;6(b),
below). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6. <U>Severance Benefits other than in a Change in Control</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Benefits; Miscellaneous</U>. In the event of any termination of Executive&#146;s employment at any time during the term of this Agreement,
(1)&nbsp;the Company shall pay the Executive any unpaid Base Compensation due for periods prior to the Termination Date; (2)&nbsp;the Company shall pay the Executive all of the Executive&#146;s accrued and unused vacation through the Termination
Date; and (3)&nbsp;following submission of proper expense reports by the Executive (or his estate), the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive in connection with the business of
the Company. These payments shall be made promptly at the Company&#146;s next scheduled payroll date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) In the event of a termination
other than one described in Section&nbsp;5, Executive shall be entitled to severance benefits that vary depending upon the reason for termination. Such benefits shall be as follows (and no others): </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Voluntary Resignation Severance Benefits</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(A) Base Compensation shall cease on the Termination Date. Executive shall not be entitled to any further payment pursuant to the Short Term Plan or the Long Term Cash Plan following termination. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) All medical and health benefits shall cease on the Termination Date, except as specified in any then existing Executive Retiree Medical Benefit Plan
for which Executive qualifies. All Company 401(k) Plan benefits, Elective Deferred Compensation Plan benefits and other benefits not specifically addressed in this Agreement shall be treated in accordance with the terms of such plans and benefits.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(C) Stock options will cease to vest on the Termination Date and will be cancelled ninety (90)&nbsp;days after the Termination Date
(unless they are exercised or expire pursuant to their terms before cancellation). RSUs will be cancelled on the Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 6 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>Involuntary Termination Severance Benefits</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) Within ten (10)&nbsp;days following the Termination Date, the Company shall pay Executive a lump sum equal to (x)&nbsp;twelve (12)&nbsp;months of
Base Compensation (without giving effect to any salary reduction program currently in effect), plus (y)&nbsp;an amount equal to one half (50%)&nbsp;of the Five Year Average Amount (as defined in Section&nbsp;5). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) At the time that the Company makes payments to other executive officers under the Short Term Plan that is in effect during the calendar year in
which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end of such calendar year, such pro-rata portion to be calculated
based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman"
SIZE="2">(C) If at the Termination Date, payment has not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive, not later than
March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he
would have earned under such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(D) If the Executive qualifies for participation in the Company&#146;s Executive Retiree Medical Benefit Plan prior to the Termination Date, then the Executive will receive the benefits he qualifies for under the
Executive Retiree Medical Benefit Plan, or if such plan has been terminated prior to the Termination Date, within ten (10)&nbsp;days following the Termination Date, the Company shall pay the Executive the Medical Plan Payment. If the Executive does
not qualify for participation in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within ten (10)&nbsp;days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive would be
required to pay for the COBRA benefits selected by Executive for twelve (12)&nbsp;months after the Executive&#146;s Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT
FACE="Times New Roman" SIZE="2">(E) For any stock options/RSUs granted to the Executive twelve (12)&nbsp;months or more before the Termination Date, a number of shares shall vest (and for stock options, become exercisable as of the Termination Date)
such that the total number of shares vested on the Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during the vesting schedule)</FONT><FONT
FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">5</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">. Unless the grant was made prior to the effective date of this Agreement, the stock options
shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms or unless they are exchanged for cash in connection with any Change in Control. For options granted
prior to the effective date of this Agreement, the grant&#146;s award agreement shall control its exercisability. The Company will issue the shares underlying the RSUs to the Executive within ten (10)&nbsp;days following the Termination Date. In
addition, the Compensation Committee may, in its discretion, accelerate the vesting of additional stock options or RSUs held by the Executive. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P
STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">5</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For example, if a stock option has a four (4)&nbsp;year vesting schedule where 25% of the options vest on each anniversary of the grant date, an Executive whose
Termination Date is twenty seven (27)&nbsp;months and a day after grant will already have vested in 50% of the total option, and will vest in an additional 6.25% (3/48)&nbsp;of the total option by virtue of this section. No additional vesting shall
occur beyond this additional amount. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 7 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(F)&nbsp;Any Long Term Cash Plan awards, which are accrued as of the last full completed quarter prior
to the Termination Date, shall be paid to the Executive within ten (10)&nbsp;days following the Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) <U>Severance
Benefits following a termination for Cause</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) Base Compensation shall cease on the Termination Date. Executive shall not be entitled
to any further payment pursuant to the Short Term Plan or the Long Term Cash Plan following termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(B) All medical and health
benefits shall cease on the Termination Date, except as specified in any then existing Executive Retiree Medical Benefit Plan for which Executive qualifies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(C) Stock options will cease to vest on the Termination Date and will be cancelled thirty (30)&nbsp;days after the Termination Date (unless they are exercised or expire pursuant to their terms before cancellation).
RSUs will be cancelled on the Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) <U>Death Severance Benefits</U>. Executive&#146;s employment shall terminate
immediately in the event of his death. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) At the time that the Company makes payments to other executive officers under the Short Term
Plan that is in effect during the calendar year in which the Termination Date occurs, the Company shall pay the Executive&#146;s estate a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end
of such calendar year, such pro-rata portion to be calculated based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(B) If at the Termination Date, payments have not been made under the Short Term Plan that was in effect during the calendar year
prior to the year in which the Termination Date occurs, the Company shall pay the Executive&#146;s estate, not later than March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he would have earned under such prior-year plan (based on the
performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(C) If the Executive qualifies for
participation in the Company&#146;s Executive Retiree Medical Benefit Plan prior to the Termination Date, then the Executive&#146;s eligible dependents will receive the benefits they qualify for under the Executive Retiree Medical Benefit Plan, or
if such plan has been terminated prior to the Termination Date, within sixty (60)&nbsp;days following the Termination Date, the Company shall pay the eligible dependents the Medical Plan Payment. If the Executive does not qualify for participation
in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within sixty (60)&nbsp;days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive&#146;s estate would be required to pay for
the COBRA benefits selected by Executive&#146;s estate for Executive&#146;s eligible dependents for twelve (12)&nbsp;months after the Executive&#146;s Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 8 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(D) For any stock options/RSUs granted to the Executive before the Termination Date, a number of shares
shall vest so that the greater of (x)&nbsp;50% of the shares in each grant are immediately vested (and, for stock options, become exercisable) or (y)&nbsp;the total number of shares vested (and for stock options, become exercisable) on the
Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during the vesting schedule). Unless the grant was made prior to the effective date of this Agreement,
the stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are exchanged for cash in connection with any Change in Control. For
options granted prior to the effective date of this Agreement, the grant&#146;s award agreement shall control its exercisability. The Company will issue the shares underlying the RSUs to the Executive&#146;s estate within ten (10)&nbsp;days
following the Termination Date. In addition, the Compensation Committee may, in its discretion, accelerate the vesting of additional stock options or RSUs held by the Executive. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(E) Any Long Term Cash Plan awards, which are accrued as of the last full completed quarter prior to the Termination Date, shall be paid to
Executive&#146;s estate within sixty (60)&nbsp;days following the Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(v) <U>Disability Severance Benefits</U>. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(A) At the time that the Company makes payments to other executive officers under the Short Term Plan that is in effect during the calendar year in
which the Termination Date occurs, the Company shall pay the Executive a pro-rata portion of the amount he would have earned under such plan had his employment continued until the end of such calendar year, such pro-rata portion to be calculated
based on the performance results achieved under such plan and the number of full months elapsed prior to the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman"
SIZE="2">(B) If at the Termination Date, payments have not been made under the Short Term Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay Executive, not later than
March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount he
would have earned under such prior-year plan (based on the performance results achieved under such plan), as if his employment had not been terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(C) If the Executive qualifies for participation in the Company&#146;s Executive Retiree Medical Benefit Plan prior to the Termination Date, then the Executive will receive the benefits he qualifies for under the
Executive Retiree Medical Benefit Plan or, if such plan has been terminated prior to the Termination Date, within sixty (60)&nbsp;days following the Termination Date, the Company shall pay the Executive the Medical Plan Payment. If the Executive
does not qualify for participation in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within sixty (60)&nbsp;days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive would be
required to pay for the COBRA benefits selected by the Executive for twelve (12)&nbsp;months after the Executive&#146;s Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 9 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(D) For any stock options/RSUs granted to the Executive before the Termination Date, a number of shares
shall vest so that the greater of (x)&nbsp;50% of the shares in each grant are immediately vested (and, for stock options, become exercisable) or (y)&nbsp;the total number of shares vested (and for stock options, become exercisable) on the
Termination Date shall equal a pro-rata percentage of the total number of shares subject to such grant (based on the number of full months worked during the vesting schedule). Unless the grant was made prior to the effective date of this Agreement,
the stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are exchanged for cash in connection with any Change in Control. For
options granted prior to the effective date of this Agreement, the grant&#146;s award agreement shall control its exercisability. The Company will issue the shares underlying the RSUs to the Executive within ten (10)&nbsp;days following the
Termination Date. In addition, the Compensation Committee may, in its discretion, accelerate the vesting of additional stock options or RSUs held by the Executive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">(E) Any Long Term Cash Plan awards which are accrued as of the last full completed quarter prior to the Termination Date, shall be paid to Executive within sixty (60)&nbsp;days following the Termination Date.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7. <U>Definition of Terms</U>. The following terms referred to in this Agreement shall have the following meanings: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Cause</U>. &#147;Cause&#148; shall mean: (1)&nbsp;Executive&#146;s willful and continued failure to perform the duties and responsibilities of his
position after there has been delivered to Executive a written demand for performance from the Board which describes the basis for the Board&#146;s belief that Executive has not substantially performed his duties and responsibilities and provides
Executive with thirty (30)&nbsp;days to take corrective action; (2)&nbsp;Any act of personal dishonesty knowingly taken by Executive in connection with his responsibilities as an employee of the Company with the intention or reasonable expectation
that such action may result in substantial financial enrichment of Executive; (3)&nbsp;Executive&#146;s conviction of, or plea of guilty or nolo contendere to, a felony; (4)&nbsp;a willful and knowing act by the executive which constitutes gross
misconduct; or (5)&nbsp;A willful breach of a material provision of this Agreement by the Executive. Termination for Cause shall not be deemed to have occurred unless, by the affirmative vote of all of the members of the Board (excluding the
Executive and any person who reports to the Executive, if applicable), at a meeting called and held for that purpose (after reasonable notice to the Executive and his counsel and after allowing the Executive and his counsel to be heard before the
Board), a resolution is adopted finding that in the good faith opinion of such Board members the Executive was guilty of conduct set forth in (1), (2), (3), (4)&nbsp;or (5)&nbsp;of this Section&nbsp;7(a), specifying the particulars thereof.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Disability</U>. &#147;Disability&#148; shall mean that the Executive is unable to engage in any substantial gainful activity by
reasons of any readily determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuing period of not less than twelve (12)&nbsp;months. A Disability must be certified by an approved
Company physician. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 10 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Involuntary Termination</U>. &#147;Involuntary Termination&#148; shall mean: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) in the context of a Change in Control, a material reduction of the Executive&#146;s duties or responsibilities (other than for Cause or as a result
of death or Disability); other than in the context of a Change in Control, service (x)&nbsp;in a capacity below that of a Senior Vice President of the Company or (y)&nbsp;in a capacity that reports to someone other than the CEO or President of the
Company (other than for Cause or as a result of death or Disability); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) a material reduction in the Executive&#146;s Base Compensation
and benefits package, other than a reduction in Base Compensation which is part of, and generally consistent with, a general reduction of salaries of all executive officers of the Company and of any party acquiring control of the Company in a Change
in Control, or other than a change in Executive&#146;s benefits package that continues to provide Executive with comparable benefits to those enjoyed prior to the change; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) a material reduction by the Company in the Executive&#146;s current Target Total Direct Compensation, other than: (A)&nbsp;any such reduction
applicable to all executive officers of the Company and any party acquiring control of the Company in a Change in Control generally, or (B)&nbsp;unless in connection with a Change in Control, in which case this clause (B)&nbsp;shall not apply, any
such reduction that is based on a good faith market review of executive compensation conditions and levels (for similar positions in comparable companies) conducted in accordance with the normal compensation evaluation process applicable to
executive officers of the Company generally. For purposes of the foregoing, Target Total Direct Compensation means current annual Base Compensation (determined in the same manner as in Section&nbsp;7(c)(ii)) plus current annual benefits plus current
annual target amounts under the Combined Plans, and to the extent that Target Direct Compensation includes equity awards, the value of such equity shall be determined at the time of grant based on the total stock compensation expense (FAS 123R)
associated with that award; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) the relocation of the Company&#146;s principal executive office to a location more than fifty
(50)&nbsp;miles from its present location but only if the Executive is required to change his principal place of employment to such new location; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">(v) any termination of the Executive&#146;s employment by or at the request of the Company other than for Cause, Disability or death; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">(vi) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section&nbsp;8 below; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">(vii) any material breach by the Company of any material provision of this Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">subject to the following: (A)&nbsp;None of the foregoing
actions shall constitute Involuntary Termination if the Executive has agreed thereto. (B)&nbsp;The CEO providing notice of the Company&#146;s intent not to enter into, renew or extend this Agreement pursuant to Section&nbsp;2(b) hereof shall not be
considered an Involuntary Termination (although any of the foregoing actions which occurs after the CEO provides notice of the Company&#146;s intent not to enter into, renew or extend this Agreement may constitute an Involuntary Termination).
(C)&nbsp;Except with respect to an event described in Section&nbsp;7(c)(v), the foregoing actions shall constitute Involuntary Termination </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 11 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">only if and to the extent that (x)&nbsp;within 90 days of the occurrence of the events giving rise to an Involuntary Termination, the Executive provides
written notice to the Company setting forth in reasonable detail such facts which Executive believes constitute Involuntary Termination, (y)&nbsp;any circumstances constituting Involuntary Termination remain uncured for a period of thirty
(30)&nbsp;days following the Company&#146;s receipt of such written notice, and (z)&nbsp;the Termination Date occurs within one hundred and eighty (180)&nbsp;days following the initial existence of the event giving rise to an Involuntary
Termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Termination Date</U>. &#147;Termination Date&#148; shall mean: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) In the case of a termination for Cause, the last day of the thirty (30)&nbsp;day notice period, unless the reason for such termination is cured by
the Executive prior to the end of the thirty (30)&nbsp;day period; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) In the case of a Company initiated Involuntary Termination (under
Section&nbsp;2(b)(i) of this Agreement), the last day of the ninety (90)&nbsp;day notice period required under such section, or such earlier date at which the Company waives notice and pays the Executive in lieu of such notice; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) In the case of the Executive&#146;s Voluntary Resignation or of an Involuntary Termination initiated by the Executive (each under
Section&nbsp;2(b)(ii) of this Agreement), the last day of the applicable notice period required under such section, or such earlier date at which the Company waives notice and pays the Executive in lieu of such notice; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) In the case of Executive&#146;s death, the date of such death; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">(v) In the case of Executive&#146;s Disability, the date of such Disability. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Notwithstanding the
foregoing, in the event of an Involuntary Termination occuring in contemplation of a Change in Control, if the Termination Date would otherwise have occurred prior to the Change in Control, the Termination Date shall take place on the date of the
Change in Control. If more than one Termination Date may apply, then the priority provisions of Section&nbsp;2(e) of this Agreement shall determine which Termination Date controls. The Company and the Executive shall take all steps necessary to
ensure that any termination described in this Agreement constitutes a &#147;separation from service&#148; within the meaning of Section&nbsp;409A of the Code, and notwithstanding anything to the contrary, the date on which such separation from
service takes place shall be the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Change in Control</U>. &#147;Change in Control&#148; shall mean the occurrence
of any of the following events: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) Any &#147;person&#148; or &#147;group&#148; (as such terms are used in Sections 13(d) and 14(d) of
the Securities Exchange Act of 1934, as amended, but excluding any person or group as such terms is used in Rule 13d-1(b) under the Exchange Act) is or becomes the &#147;beneficial owner&#148; (as defined in Rule 13-d-3 under said Act), directly or
indirectly, of securities of the Company representing forty percent (40%)&nbsp;or more of the total voting power represented by the Company&#146;s then outstanding voting securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 12 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) A change in the composition of the Board occurring within a two-year period, as a result of which
fewer than a majority of the directors are Incumbent Directors. &#147;Incumbent Directors&#148; shall mean directors who either (A)&nbsp;are directors of the Company as of the effective date of this Agreement, or (B)&nbsp;are elected, or nominated
for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or
threatened proxy contest relating to the election of directors to the Company); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) The stockholders of the Company approve a merger or
consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior hereto continuing to represent (either by remaining outstanding or
by being converted into voting securities of the surviving entity) more than fifty percent (50%)&nbsp;of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or
consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company&#146;s assets (other than to a subsidiary or
subsidiaries); or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) Any other event as determined by the independent members of the Board, in the sole discretion of the independent
members of the Board. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>Voluntary Resignation</U>. &#147;Voluntary Resignation&#148; shall mean Executive&#146;s termination of his
employment at any time, for any reason, by the Executive, other than by reason of Involuntary Termination, death or Disability. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8.
<U>Successors.</U> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Company&#146;s Successors</U>. The Company shall require a successor to the Company (whether direct or indirect
and whether by purchase, lease, merger, consolidation, liquidation or otherwise) or to all or substantially all of the Company&#146;s business and/or assets (each a &#147;Successor Company&#148;) to assume the Company&#146;s obligations under this
Agreement and agree expressly to perform such obligations in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term
&#147;Company&#148; shall include any Successor Company which executes and delivers the assumption agreement described in this subsection (a)&nbsp;or which becomes bound by the terms of this Agreement by operation of law. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Executive&#146;s Successors</U>. The terms of this Agreement and all rights of the Executive hereunder shall inure to the benefit of, and be
enforceable by, the Executive&#146;s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 13 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">9. <U>Notice</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(a) <U>General</U>. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by Federal Express or a
comparable air courier company. In the case of the Executive, notices sent by courier shall be addressed to him at the home address that he most recently communicated to the Company in writing. In the case of the Company, notices sent by courier
shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Chief Legal Officer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b)
<U>Notice of Termination</U>. Any termination by the Company for Cause or by the Executive as a result of a Voluntary Resignation or any Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in
accordance with Section&nbsp;9(a) of this Agreement. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for
termination under the provision so indicated, and shall specify the Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10. <U>Non-Compete; Non-Solicit</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) The parties hereto recognize that the Executive&#146;s services are special and unique and that his level of compensation and the provisions herein
for compensation upon Involuntary Termination are partly in consideration of and conditioned upon the Executive&#146;s not competing with the Company, and that the covenant on his part not to compete and not to solicit as set forth in this
Section&nbsp;10 is essential to protect the business and goodwill of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Executive agrees that prior to the Termination
Date, the Executive will not either directly or indirectly, whether as a director, officer, consultant, employee or advisor or in any other capacity (1)&nbsp;render any planning, marketing or other services respecting the creation, design,
manufacture or sale of semiconductor manufacturing equipment and/or software to any business, agency, partnership or entity (&#147;Restricted Business&#148;) other than the Company, or (2)&nbsp;make or hold any investment in any Restricted Business
in the United States other than the Company, whether such investment be by way of loan, purchase of stock or otherwise, provided that there shall be excluded from the foregoing the ownership of not more than 2% of the listed or traded stock of any
publicly held corporation. For purposes of this Section&nbsp;10, the term &#147;Company&#148; shall mean and include the Company, any subsidiary or affiliate of the Company, any Successor Company and any other corporation or entity of which the
Executive may serve as a director, officer or employee at the request of the Company or any Successor Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) Prior to the
Termination Date, and for the period extending six (6)&nbsp;months thereafter, the Executive will not directly induce or attempt to influence any employee of the Company to leave its employ and join any Restricted Business in or within 50 miles of
Fremont, California. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) The Executive agrees that the Company would suffer an irreparable injury if he were to breach the covenants
contained in subparagraphs (b)&nbsp;or (c)&nbsp;and that the Company would by reason of such breach or threatened breach be entitled to injunctive relief in a court of appropriate jurisdiction, and the Executive hereby stipulates to the entering of
such injunctive relief prohibiting him from engaging in such breach. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 14 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) If any of the restrictions contained in this Section&nbsp;10 shall be deemed to be unenforceable by
reason of the extent, duration or geographical scope or other provisions thereof, then the parties hereto contemplate that the court shall reduce such extent, duration, geographical scope or other provisions hereof (but only to the extent necessary
to render such restrictions enforceable) and then enforce this Section&nbsp;10 in its reduced form for all purposes in the manner contemplated hereby. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">11. <U>Existing Confidentiality and Non-Compete Agreements</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Executive represents and warrants
(1)&nbsp;that prior to the date hereof he has provided the Company with true and complete copies of any and all written confidentiality and/or non-compete agreements to which Executive is a party as of the date hereof (together with a written
description of any such oral agreements), and (2)&nbsp;to the best of Executive&#146;s knowledge, full compliance with the terms of each such agreement will not materially interfere with Executive&#146;s duties hereunder (except to the extent that
Executive reasonably may determine to absent himself from certain Company meetings and communication during the first year of the Employment Period). The Executive further covenants that he will not willfully and knowingly fail to fully abide by the
terms of any and all such agreements and will work in good faith with the Company to avoid any breach thereof. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">12. <U>Arbitration</U>.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">At the option of either party, any and all disputes or controversies whether of law or fact and of any nature whatsoever arising from or
respecting this Agreement shall be decided by arbitration under the rules of the American Arbitration Association in accordance with the rules and regulations of that Association with the exception of any claim for temporary, preliminary or
permanent injunctive relief arising from or respecting this Agreement which may be brought by the Company in any court of competent jurisdiction irrespective of Executive&#146;s desire to arbitrate such a claim. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">The arbitrator shall be selected as follows. In the event the Company and the Executive agree on one arbitrator, the arbitration shall be conducted by
such arbitrator. If the parties cannot agree on an arbitrator, the Company and the Executive shall each select one independent, qualified arbitrator and the two arbitrators so selected shall select the third arbitrator. The Company reserves the
right to object to any individual arbitrator who shall be employed by or affiliated with a competing organization. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Arbitration shall take
place in San Jose, California, or any other location mutually agreeable to the parties. At the request of either party, arbitration proceedings will be conducted in the utmost secrecy; in such case all documents, testimony and records shall be
received, heard and maintained by the arbitrators in secrecy under seal, available for the inspection only by the Company and the Executive and their respective attorneys and their respective experts who shall agree in advance and in writing to
receive all such information confidentially and to maintain such information in secrecy unless and until such information shall become generally known. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 15 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The arbitrator, who, if more than one, shall act by majority vote, shall have the power and authority to decree any and
all relief of an equitable nature including, but not limited to, such relief as a temporary restraining order, a temporary and/or permanent injunction, and shall also have the power and authority to award damages, with or without an accounting and
costs, provided, that punitive damages shall not be awarded, and provided, further, that the Executive shall be entitled to reimbursement for his reasonable attorney&#146;s fees to the extent he prevails as to the material issues in such dispute.
The reimbursement of attorney&#146;s fees shall be made promptly following delivery of an invoice therefor. The decree or judgment of an award rendered by the arbitrators may be entered in any court having jurisdiction thereof. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Reasonable notice of the time and place of arbitration shall be given to all persons, other than the parties, as shall be required by law, in which case
such persons or those authorized representatives shall have the right to attend and/or participate in all the arbitration hearings in such a manner as the law shall require. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">13. <U>Excise Tax on Payments</U>. Notwithstanding anything to the contrary contained herein, in the event that any payment by the Company to or for the
benefit of the Executive, whether paid or payable, would be subject to the excise tax imposed by Section&nbsp;4999 of the Code or any comparable federal, state, or local excise tax (such excise tax, together with any interest and penalties, are
hereinafter collectively referred to as the &#147;Excise Tax&#148;), then the Executive shall receive either the full severance amount or a lesser amount that does not trigger an excise tax, whichever produces a greater after-tax benefit to the
Executive, as determined by the Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">14. <U>Miscellaneous Provisions</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>No Duty to Mitigate</U>. The Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor shall any
such payment be reduced by any earnings that the Executive may receive from any other source. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Waiver</U>. No provisions of this
Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by either party of
any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Whole Agreement; Amendment</U>. This Agreement and the documents expressly referred to herein represent the entire agreement of the parties with
respect to the matters set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. Nothing herein affects the continued enforceability of either the Company&#146;s Employment,
Confidential Information and Invention Assignment Agreement previously executed by the Executive, or the Executive&#146;s Indemnification Agreement with the Company. Any benefit amounts referenced as payable to the Executive pursuant to this
Agreement are the sole and exclusive amounts payable to the Executive for the category of benefit addressed by such amounts; provided, however, that this Agreement shall not limit any right of Executive to receive any payments or benefits under an
</FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 16 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">employee benefit or employee compensation plan of the Company, initially adopted prior to or after the date hereof, which are expressly contingent thereunder
upon the occurrence of a Change in Control (including, but not limited to, the acceleration of any rights or benefits thereunder). Notwithstanding the foregoing, in no event shall Executive be entitled to any payment or benefit under this Agreement
which duplicates a payment or benefit received or receivable by Executive under any severance or similar plan or policy of Company, and in any such case Executive shall only be entitled to receive the greater of the two payments. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Choice of Law</U>. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the state of
California, without regard to conflicts of law provisions thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Severability</U>. If any provision of this Agreement is
determined to be invalid or unenforceable, the Agreement shall remain in full force and effect as to the remaining provisions, and the parties shall replace the invalid or unenforceable provision with one which reflects the parties&#146; original
intent in agreeing to the invalid/unenforceable one. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>No Assignment of Benefits</U>. Except as otherwise provided herein, the rights
of any person to payments or benefits under this Agreement shall not be made subject to option or assignment, either by voluntary or involuntary assignment or by operation of law, including (without limitation) bankruptcy, garnishment, attachment or
other creditor&#146;s process, and any action in violation of this subsection (f)&nbsp;shall be void. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) <U>Withholding Taxes</U>. The
Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(h) <U>Section&nbsp;409A of the Code</U>. Notwithstanding anything herein to the contrary, if at the time of the Executive&#146;s
termination of employment with the Company, the Company has determined that the Executive is a &#147;specified employee&#148; as defined in Section&nbsp;409A of the Code and any severance payments and benefits to Executive are considered a
&#147;deferral of compensation&#148; under Section&nbsp;409A of the Code (the &#147;Deferred Payments&#148;), such Deferred Payments that are otherwise payable within the first six months following the Termination Date will become payable on the
first business day of the seventh month following the Executive&#146;s Termination Date, or if earlier the date of the Executive&#146;s death. In the event that payments under this Agreement are deferred pursuant to this Section&nbsp;14(h), then
such payments shall be paid at the time specified in this Section&nbsp;14(h) without interest. The Company shall consult with the Executive in good faith regarding the implementation of the provisions of this Section&nbsp;14(h) <U>provided</U>, that
neither the Company nor any of its employees or representatives shall have any liability to the Executive with respect thereto. Any amount under this Agreement that satisfies the requirements of the &#147;short-term deferral&#148; rule set forth in
Section&nbsp;1.409A-1(b)(4) of the Treasury Regulations will not constitute Deferred Payments for purposes of this Agreement. Any amounts scheduled for payment hereunder when they are ordinarily paid out or when they are made to other executive
officers, will nonetheless be paid to Executive on or before March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the
year following the year when the payment is no longer subject to a substantial risk of forfeiture. For purposes of Section&nbsp;409A of the Code, the right to a series of installment payments under this Agreement shall be treated as a right to a
series of separate </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 17 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">payments, and references herein to the Executive&#146;s termination of employment shall refer to Executive&#146;s separation of services with the Company
within the meaning of Section&nbsp;409A of the Code. Notwithstanding anything to the contrary herein, except to the extent any expense, reimbursement or in-kind benefit provided pursuant to this Agreement does not constitute a &#147;deferral of
compensation&#148; within the meaning of Section&nbsp;409A of the Code: (x)&nbsp;the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive during any calendar year will not affect the amount of expenses eligible
for reimbursement or in-kind benefits provided to the Executive in any other calendar year, (y)&nbsp;the reimbursements for expenses for which the Executive is entitled to be reimbursed shall be made on or before the last day of the calendar year
following the calendar year in which the applicable expense is incurred, and (z)&nbsp;the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any other benefit. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Assignment by Company</U>. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under
this Agreement to another affiliate of the Company or to the Company, provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such
assignment, the term &#147;Company&#148; when used in a section of this Agreement shall mean the corporation that actually employs the Executive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(j) <U>Counterparts</U>. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(k) <U>Survival of Obligations</U>. Except as otherwise described herein, and except to the extent that as of the Termination Date rights to payment
hereunder have accrued, the obligations of Sections 7 through 14 shall survive termination of this Agreement. In the event that a binding agreement is reached that would result in a Change in Control during the Employment Period, Section&nbsp;5 of
this Agreement shall survive with regard to that Change in Control. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(l) <U>Company Release</U>. As a condition to the Company&#146;s
obligations pursuant to this Agreement, the Executive agrees to execute a release of claims against the Company (the &#147;Release&#148;), substantially in the form attached hereto as <U>Exhibit A</U>, by the sixtieth (60th)&nbsp;day following the
Executive&#146;s Termination Date. If the Company has not received an irrevocable Release by the sixtieth (60th)&nbsp;day following the Termination Date, the Company shall be under no obligation to make payments or provide benefits under this
Agreement; provided such sixty (60)&nbsp;day period shall be tolled during the pendancy of any arbitration proceeding under this Agreement. In the event one or more of the provisions of the Release should, for any reason, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of the Release, and the Release shall be construed as if such invalid, illegal or unenforceable provision had never been
contained therein. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 18 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the parties have executed this Agreement. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">LAM RESEARCH CORPORATION</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Stephen G. Newberry</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Stephen G. Newberry</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Its:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">President and Chief Executive Officer</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">DATED: July&nbsp;28, 2009 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV
ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Ernest E. Maddock</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Ernest E. Maddock</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">DATED: July&nbsp;28, 2009</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 19 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Ernest E. Maddock Employment Agreement </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>EXHIBIT A </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>COMPANY RELEASE </B></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Ernest E. Maddock Employment Agreement </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px">

<IMG SRC="g43252g79y32.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>LAM RESEARCH CORPORATION RELEASE </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">This Release (&#147;Release&#148;) constitutes a binding agreement between you, <B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[EMP
NAME]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>, Lam Employee No. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[<B>EE
I.D</B><B>.</B>]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, and Lam Research Corporation (&#147;Lam&#148; or &#147;the Company&#148;). Please review the terms carefully. We advise you to consult with an attorney
concerning its terms. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. This Release is provided to Lam pursuant to an Employment Agreement (your &#147;Agreement&#148;) between you and Lam. You
understand that if you choose not to sign this Release, as provided in your Agreement Lam has no obligation to make any payments or provide any benefits provided in your Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">2. You understand that your obligations under the Confidential Information and Invention Assignment Agreement, or similarly titled agreement, you signed at the beginning of your employment with Lam are ongoing and
binding and survive the termination of your employment with Lam, regardless of whether you sign this Release. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. <U>If you agree to this Release, you will
be eligible to receive the payments and benefits provided in your Agreement</U>. You must sign and return this Release, and it must become irrevocable (as discussed in Sections 4.E. and 8 below), within sixty (60)&nbsp;days of your Termination Date
(as defined in your Agreement). You may, at your discretion, sign and return the Release sooner. You are hereby advised to consider the terms of this Release and consult with an attorney of your choice prior to executing this Release. Lam is under
no obligation to pay any amounts or provide any benefits under your Agreement until such release is irrevocable. Lam will make such payments and provide such benefits under your Agreement as soon as practicable, in accordance with the terms of your
Agreement and in accordance with IRC Section&nbsp;409A and accompanying Treasury Regulations (although Lam makes no representation about any specific tax treatment applicable to you). Neither Lam nor the Executive shall have the right to accelerate
or defer the delivery of any payments or provision of any benefits except as specifically permitted or required by Section&nbsp;409A. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">4. In exchange for
and in consideration of the payments and benefits provided for in your Agreement, you agree to, and agree to abide by, the following terms: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Release</U>. You hereby waive and release, and promise never to assert, any and all claims, except workers compensation or unemployment compensation claims, that
you have, or may have at any time, against Lam and its predecessors, subsidiaries, related entities, and their officers, directors, shareholders, agents, attorneys, employees, benefit plans, successors, or assigns (collectively &#147;Released
Parties&#148;) at all or, specifically, arising from or related to your employment with Lam and/or the termination of your employment with Lam. These claims include, but are not limited to, all claims arising under federal, state, and/or local
statutory or common law, including, but not limited to, claims of wrongful or constructive discharge or demotion, breach of contract (written, oral or implied), breach of the covenant of good faith and fair dealing, violation of public policy,
defamation, personal injury, emotional distress, claims under Title VII of the 1964 Civil Rights Act, as amended, the California Fair Employment and Housing Act (or comparable provision under any other state&#146;s law), the Equal Pay Act of 1963,
California Labor Code Section&nbsp;1197.5 (or comparable provision under any other state&#146;s law), the Age Discrimination in Employment Act of 1967, as amended, the Older Workers Benefit Protection Act (OWBPA), the Americans with Disabilities Act
(ADA), the Civil Rights Act of 1866, the Family and Medical Leave Act (FMLA), the Worker Adjustment and Retraining Notification (WARN) Act, California Labor Code Section&nbsp;1400 et seq., and any other laws, regulations, or ordinances relating to
employment or employment discrimination, and the laws of contract and tort, to the full extent permitted by law. You are, through this Release, releasing the Company from any and all claims you may have against the Company, including claims under
the Age Discrimination in Employment Act of 1967, 29 U.S.C. &#167;621, et seq (ADEA) with the exception of (i)&nbsp;your right to receive the payments provided for in, or to enforce, your Agreement and (ii)&nbsp;any claims you may have </FONT>
</P></TD></TR></TABLE>

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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P>
<FONT FACE="Times New Roman" SIZE="2">pursuant to any written agreement, the Company&#146;s certificate of incorporation or bylaws, or as mandated by statute, to indemnification as a director or
officer of the Company; further, rights or claims under the Age Discrimination in Employment Act that may arise after the date this Agreement is executed are not waived. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">B.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Release of Unknown Claims</U>. You agree to waive and release and promise never to assert any claims or potential claims that you might have against the Released Parties, whether
or not you know or might have reason to know of such claims or potential claims or of the facts potentially giving rise to any such claims or potential claims. Specifically, you agree to waive, and by executing this Release do waive, your rights
under section 1542 of the Civil Code of California, or comparable provision of another state&#146;s law, which states: </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2"><I>A
general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known to him or her must have materially affected his or her settlement with the
debtor.</I> </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">C.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Acknowledgment of 21-Day Consideration Period</U>: If you are 40 years of age or older, you acknowledge and agree that you have been given at least 21 days to
consider the terms of this Release before signing it</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT
FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">6</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">. You knowingly and voluntarily waive the remainder of the 21-day consideration period, if any,
following the date (as indicated below) you sign this Release. You affirm that you have not been asked by the Company to shorten your time period for consideration of whether to sign this Release. You affirm that the Company has not threatened to
withdraw or alter the payments or benefits due to you prior to the expiration of the 21-day period nor has the Company provided different terms to you because you have decided to sign this Release prior to the expiration of the 21-day consideration
period. You understand that by your having waived some portion of the 21-day consideration period, the Company may expedite the processing of some of the payments or benefits provided to you in reliance upon your signing this Release.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">D.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>No Re-Start of Consideration Period</U>: You agree that any changes to this Release or to the payments or benefits and terms offered or that may be offered to you after your
initial receipt of this Release, whether any such changes (individually or collectively) are material or immaterial, do not and shall not restart the running of the consideration period. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">E.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Right to Revoke</U>: You understand that if you sign this Release, you can change your mind and revoke it within seven days after signing it by returning it with written
revocation notice to the Company in the manner described in the notice provision of your Agreement. You understand that the release and waiver set forth above will not be effective until after this seven-day period has expired.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">F.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Binding Agreement</U>: You understand that following the seven-day revocation period, this Release will be final and binding. You promise that you will not pursue any claim that
you have settled by this Release. If you break this promise, you agree to pay all of the Company&#146;s costs and expenses (including reasonable attorneys&#146; fees) related to the defense of any claims, except this promise not to sue does not
apply to claims that you may have under the OWBPA and the ADEA. Although you are releasing claims that you may have under the OWBPA and the ADEA, you understand that you may challenge the knowing and voluntary nature of this release under the OWBPA
and the ADEA before a court, the Equal Employment Opportunity Commission (EEOC), the National Labor Relations Board (NLRB), or any other federal, state or local agency charged with the enforcement of any employment laws. You understand, however,
that if you pursue a claim against the Company under the OWBPA and/or the ADEA, a court has the discretion to determine whether the Company is entitled to restitution, recoupment, or set off (hereinafter &#147;reduction&#148;) against a monetary
award obtained by you in the court proceeding. A reduction never can exceed the amount you recover, or the consideration you received for signing this Release, whichever is less. You also recognize that the Company may be </FONT></TD></TR></TABLE>
<P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">6</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Insert 45 day Consideration Period in circumstances required by law. </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 22 - </FONT></P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">entitled to recover costs and attorney&#146;s fees incurred by the Company as specifically authorized under applicable law. You further understand that nothing in this Release
generally prevents you from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC, NLRB, or any other federal, state or local agency charged with the enforcement of any employment laws,
although by signing this Release you are waiving your right to individual relief based on claims asserted in such a charge or complaint<U>.</U> Nothing in this Agreement shall be construed to waive any right that is not subject to waiver by private
agreement under federal, state or local laws, such as claims for workers compensation or unemployment benefits. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">G.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Authorization for Deductions from Paychecks and Other Payments.</U> You hereby authorize Lam to deduct and withhold from your paychecks and from any other payments of cash
compensation due to you, from the date of this Release forward, any and all amounts you may, from time to time, owe to Lam for any reason, including (without limitation) loans or advances to you, reimbursement of paid but unvested signing or
relocation bonuses, amounts due under a promissory note, taxes or tax withholding paid or to be paid by Lam on your behalf. If you owe Lam monies as documented in a promissory note or other written agreement, the repayment terms of that document
will apply. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">H.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Confidentiality of Terms of this Release</U>. You agree not to disclose to any other person or entity any information regarding the terms of this Release, or the fact of its
existence, or the amounts of any payments or benefits made to or provided to you, except that you may disclose such information to your immediate family (spouse, children, or parents), attorney, accountant, or other professional advisor to whom you
must make the disclosure in order for such person to render professional services to you, or as you otherwise may be compelled by law. You will instruct any such persons to whom you make such disclosures, however, to maintain the confidentiality of
such information, consistent with your obligations to maintain its confidentiality hereunder. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">I.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Non-Solicitation</U>. You agree to comply with the terms set forth in Section&nbsp;10 of your Agreement. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">J.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Non-Disparagement</U>. You hereby agree that you will not disparage, criticize, slander, or libel Lam or any of its products, technologies, policies, actions, employees,
officers, or agents, to any third party or person, including without limitation any supplier, customer, or prospective customer or business partner of Lam. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">5. <U>To accept this Release, please sign and date it below and provide it to the Company in the manner described in the notice provision of your Agreement</U>. If your Release is not executed, returned and
irrevocable within 60 days from the Termination Date (as defined in your Agreement), the offer of the payments and benefits described in your Agreement shall automatically expire and this offer shall be deemed revoked. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">6. In the event that you breach any of your obligations under this Release or as otherwise imposed by law, Lam will be entitled to recover the payments and benefits paid
under your Agreement and to obtain all other relief provided by law or equity. Lam&#146;s rights and remedies arising hereunder are cumulative of any and all other rights or remedies Lam may have in the event of a breach of this Release by you.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">7. By signing this Release, you acknowledge that you have had the opportunity to review this Release carefully with an attorney of your choice concerning
its terms and effect, and that the waivers, settlement, and releases made herein are knowing, voluntary, informed, and consensual. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B></B>8. You
understand that once you have signed this Release, you have an additional seven (7)&nbsp;days to revoke your acceptance by submitting a written notice of your revocation to the Company in the manner described in the notice provision of your
Agreement . If you do not revoke your acceptance within seven (7)&nbsp;days of your acceptance, the Release will be deemed effective, binding and enforceable<B></B>.<B> Please note that this means your executed Release must be received by the Chief
Legal Officer of the Company, within 53 days of Termination Date (as defined in your Agreement) or the Company shall be under no obligation to make the payments or provide the benefits under your Agreement. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 23 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">9. This Release shall be construed and enforceable in all respects pursuant to California law, notwithstanding conflict
of laws considerations or the preference, policy or law of any other jurisdiction or forum. Any dispute or action arising from or related to this Release shall be brought in federal or California state court located in the County of Santa Clara,
California, and in no other jurisdiction or venue. The invalidity or unenforceability of any provision(s) of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 24 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>I, THE UNDERSIGNED, HAVE BEEN ADVISED IN WRITING THAT I HAVE HAD AT LEAST TWENTY-ONE (21)&nbsp;DAYS TO CONSIDER THIS
RELEASE AND TO CONSULT WITH AN ATTORNEY CONCERNING ITS TERMS AND EFFECT PRIOR TO EXECUTING THIS RELEASE. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>I, THE UNDERSIGNED, HAVE READ THIS
RELEASE, UNDERSTAND ITS TERMS, AND UNDERSTAND THAT I ENTER THIS RELEASE INTENDING TO AND DO WAIVE, SETTLE AND RELEASE ALL CLAIMS I HAVE OR MIGHT HAVE AGAINST LAM RESEARCH CORPORATION TO THE FULL EXTENT PERMITTED BY LAW. I SIGN THIS RELEASE
VOLUNTARILY AND KNOWINGLY. </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="37%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ACKNOWLEDGED, UNDERSTOOD AND AGREED</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ON BEHALF OF LAM RESEARCH CORPORATION:</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">[EMP NAME]</FONT></TD>
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<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Sarah A. O&#146;Dowd</FONT></TD></TR>
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<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Group Vice President, HR &amp; Chief Legal Officer</FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Date:</FONT></TD>
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<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>dex104.htm
<DESCRIPTION>FORM OF CHANGE IN CONTROL AGREEMENT
<TEXT>
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<TITLE>Form of Change in Control Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.4 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>CHANGE IN CONTROL AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Effective July&nbsp;1, 2009 </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">This Change in Control Agreement (the &#147;Agreement&#148;) is made and entered into between [<B>NAME</B>] (the &#147;Executive&#148;) and Lam Research Corporation, a
Delaware corporation (the &#147;Company&#148;). </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">RECITALS </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">A. The Company and Executive desire to enter into this Agreement effective as of July&nbsp;1, 2009. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In
consideration of the mutual covenants herein contained, the parties agree as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">1. <U>Benefits Upon a Change in
Control</U>. If a Change in Control (as defined in Section&nbsp;5(e) below) occurs during the term of this Agreement, and an Involuntary Termination of Executive&#146;s employment occurs either in contemplation of such Change in Control (as defined
in Section&nbsp;5(g) below) or within twelve (12)&nbsp;months following a Change in Control</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2">, then: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Base Salary</U>. Within ten (10)&nbsp;days following the Termination Date (as defined in Section&nbsp;5(d) below),
the Company shall pay Executive a lump sum payment equal to twelve (12)&nbsp;months of Executive&#146;s base salary, as currently in effect (such amount to be computed without regard to any salary reduction program then in effect). </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Variable Compensation</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT
FACE="Times New Roman" SIZE="2">(i) Within ten (10)&nbsp;days following the Termination Date, the Company shall pay Executive an amount equal to the average of the short-term variable compensation plan (currently the Annual Incentive Plan, and for
prior years the annual variable compensation plan called the &#147;MBO&#148;, and together with any future short-term variable compensation plan, collectively hereinafter referred to as the &#147;Short Term Plan&#148;) payments earned by the
Executive over the last five (5)&nbsp;years in which the Executive was employed with the Company on December&nbsp;31</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of such year (the &#147;Five Year Average Amount&#148;)</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">(ii) Within ten
(10)&nbsp;days following the Termination Date, the Company shall pay Executive a pro-rata amount (based on the number of full months worked during the calendar year during which the Termination Date occurs) of the Five Year Average Amount;
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For purposes of clarity, (1)&nbsp;the Termination Date (as defined in Section&nbsp;5(d)) applicable to the Involuntary Termination must occur in contemplation of a
Change in Control or (2)&nbsp;notice of the Involuntary Termination, in accordance with Section&nbsp;7, must be given or received by the Company, as applicable, within twelve (12)&nbsp;months following the Change in Control.
</FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">If the Executive received a partial year Short Term Plan payment in any year included in the Five Year Average Amount due to being a new hire, such partial year
payment shall be annualized for purposes of the calculation of the Five Year Average Amount. If the Executive has been employed with the Company for less than five years (or partial years), the average shall be computed based on such fewer number of
years. Any guaranteed bonus payment paid to the Executive shall be included in the calculation of the Five Year Average Amount, unless such payment was a one-time event (such as a sign-on bonus for a new hire). </FONT></P></TD></TR></TABLE>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(iii) If at the Termination Date, payment has not been made under the Short Term
Plan that was in effect during the calendar year prior to the year in which the Termination Date occurs, the Company shall pay the Executive, not later than March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> of the year in which the Termination Date occurs, the full amount Executive would have earned under such prior-year plan (based on
the performance results achieved under such plan), as if Executive&#146;s employment had not been terminated. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Medical
Insurance</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) If the Executive qualifies for participation in the Company&#146;s Executive Retiree Medical Benefit Plan prior to the
Termination Date, then the Executive will receive the benefits Executive qualifies for under the Executive Retiree Medical Benefit Plan, or if such plan has been terminated prior to the Termination Date, within ten (10)&nbsp;days following the
Termination Date the Company shall pay the Executive a lump sum amount (the &#147;Medical Plan Payment&#148;) equal to the present value of the benefits for which the Executive qualified prior to the termination of such plan. The present value of
such benefits shall be determined actuarially based on the actual cost of replacing the benefits as of the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) If the
Executive does not qualify for participation in the Executive Retiree Medical Benefit Plan prior to the Termination Date, within ten (10)&nbsp;days following the Termination Date, the Company shall pay in a lump sum any COBRA premiums the Executive
would be required to pay for the COBRA benefits selected by Executive for twelve (12)&nbsp;months after the Executive&#146;s Termination Date (eighteen (18)&nbsp;months for an Executive who has been employed with the Company for twenty
(20)&nbsp;years or more as of the Termination Date). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%;padding-bottom:3px;"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Equity Awards</U>. The unvested portion(s) of any stock
options/Restricted Stock Units (&#147;RSUs&#148;) that were granted to Executive prior to the Change in Control shall automatically be accelerated in full so as to become completely vested as of the Termination Date. Unless the grant was made prior
to the effective date of this Agreement, the stock options shall remain exercisable for two years following the Termination Date unless they are earlier exercised or expire pursuant to their original terms, or unless they are exchanged for cash in
connection with any Change in Control. For options granted prior to the effective date of this Agreement, the grant&#146;s award agreement shall control its exercisability</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">3</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">. The Company will issue the shares underlying the RSUs within ten (10)&nbsp;days of the Termination Date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. <U>Long-Term Cash Plan Awards</U>. In the event of a Change in Control, for any long-term cash-based variable compensation plan (currently the
Multi-Year Incentive Plan, and together with any future long-term cash-based variable compensation plan, hereinafter the &#147;Long Term Cash Plan&#148;) awards outstanding (which currently would include two Long Term Cash Plan performance cycles)
at the time of the Change in Control, performance cycles under such plans shall cease as of the date of the Change in Control. The Company shall pay Executive, subject to </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">3</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Generally, option award agreements allow exercise of the option for periods ranging from thirty (30)&nbsp;days to one (1)&nbsp;year after termination of employment,
depending on the option plan and the nature of the termination. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 2 - </FONT></P>


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<FONT FACE="Times New Roman" SIZE="2">the payout dates and restrictions below, all accrued amounts as of the last full completed quarter as of the date of the Change in Control, under each
performance cycle of such plan, plus the Remaining Target Amount for each performance cycle under each such plan (together, the &#147;Payment Amounts&#148;). The Remaining Target Amount shall equal, for each performance cycle under each plan, the
target amount multiplied by the number of quarters in the performance cycle that end after the time of the Change in Control, divided by the total number of quarters in the full performance cycle. Payment shall be made at the times specified below,
and pending payment, the Company shall hold such amount in a book account for the Executive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Change in Control, Involuntary
Termination</U>. In the case of a Change in Control where the Executive&#146;s employment terminates due to an Involuntary Termination prior to twelve (12)&nbsp;months following the Change in Control or in contemplation of a Change in Control, the
Payment Amounts shall be paid out to the Executive within ten (10)&nbsp;days following the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Change in Control, No
Termination</U>. In the case of a Change in Control where the Executive&#146;s employment does not terminate within twelve (12)&nbsp;months following the Change in Control or in contemplation of a Change in Control, the Executive shall receive the
Payment Amounts when it is ordinarily paid out. For avoidance of doubt, if there are multiple Long Term Cash Plan performance cycles, portions of the Payment Amounts may be paid in different years, each in accordance with the terms of the relevant
performance cycle. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. <U>Limitations</U>. No Change in Control benefits under Sections 1 or 2 will apply if the Change in Control or
Involuntary Termination occurs after the Executive has (i)&nbsp;given notice of Voluntary Resignation or (ii)&nbsp;been given notice of termination for Cause by the Company, unless that notice of termination for Cause is subsequently withdrawn (in
writing) by the Company and Executive&#146;s employment does not terminate as a result of such notice. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4. <U>Acceleration</U>. If the
Company is acquired by another entity in connection with a Change in Control and there is or will be no market for the Common Stock of the Company, the vesting of all Executive&#146;s stock options/RSUs, granted prior to the Change in Control, will
accelerate immediately prior to the Change in Control (and, for stock options, be immediately exercisable) if the acquiring company does not provide Executive with stock options/RSUs comparable to the unvested stock options/RSUs granted Executive by
the Company, regardless of whether the Executive&#146;s employment is terminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. <U>Definition of Terms</U>. The following terms
referred to in this Agreement shall have the following meanings: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Cause</U>. &#147;Cause&#148; shall mean: (1)&nbsp;Executive&#146;s
willful and continued failure to perform the duties and responsibilities of Executive&#146;s position after there has been delivered to Executive a written demand for performance from the Board of Directors of the Company (the &#147;Board&#148;)
which describes the basis for the Board&#146;s belief that Executive has not substantially performed Executive&#146;s duties and responsibilities and provides Executive with thirty (30)&nbsp;days to take corrective action; (2)&nbsp;Any act of
personal dishonesty knowingly taken by Executive in connection with Executive&#146;s responsibilities as an employee of the Company with the intention or reasonable expectation that such action may result in substantial financial enrichment of
</FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">Executive; (3)&nbsp;Executive&#146;s conviction of, or plea of guilty or nolo contendere to, a felony; (4)&nbsp;a willful and knowing act by the executive
which constitutes gross misconduct; or (5)&nbsp;A willful breach of a material provision of this Agreement by the Executive. Termination for Cause shall not be deemed to have occurred unless, by the affirmative vote of all of the members of the
Board (excluding the Executive and any person who reports to the Executive, if applicable), at a meeting called and held for that purpose (after reasonable notice to the Executive and Executive&#146;s counsel and after allowing the Executive and
Executive&#146;s counsel to be heard before the Board), a resolution is adopted finding that in the good faith opinion of such Board members the Executive was guilty of conduct set forth in (1), (2), (3), (4)&nbsp;or (5)&nbsp;of this
Section&nbsp;5(a), specifying the particulars thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Disability</U>. &#147;Disability&#148; shall mean that the Executive is
unable to engage in any substantial gainful activity by reasons of any readily determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuing period of not less than twelve
(12)&nbsp;months. A Disability must be certified by an approved Company physician. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Involuntary Termination</U>. &#147;Involuntary
Termination&#148; shall mean: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) a material reduction of the Executive&#146;s duties or responsibilities (other than for Cause or as a
result of death or Disability); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(ii) a material reduction in the Executive&#146;s base salary and benefits package, other than a
reduction in base salary which is part of, and generally consistent with, a general reduction of salaries of all executive officers of the Company and of any party acquiring control of the Company in a Change in Control, or other than a change in
Executive&#146;s benefits package that continues to provide Executive with comparable benefits to those enjoyed prior to the change; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">(iii) a material reduction by the Company in the Executive&#146;s current Target Total Direct Compensation, other than any such reduction applicable to all executive officers of the Company and any party acquiring control of the Company in
a Change in Control generally. For purposes of the foregoing, Target Total Direct Compensation means current annual base salary (determined in the same manner as in Section&nbsp;5(c)(ii)) plus current annual benefits plus current annual target
amounts under the Combined Plans, and to the extent that Target Direct Compensation includes equity awards, the value of such equity shall be determined at the time of grant based on the total stock compensation expense (FAS 123R) associated with
that award; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) the relocation of the Company&#146;s principal executive office to a location more than fifty (50)&nbsp;miles from its
present location but only if the Executive is required to change Executive&#146;s principal place of employment to such new location; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(v)
any termination of the Executive&#146;s employment by or at the request of the Company other than for Cause, Disability or death; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 4 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(vi) the failure of the Company to obtain the assumption of this Agreement by any successors
contemplated in Section&nbsp;6 below; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(vii) any material breach by the Company of any material provision of this Agreement;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">subject to the following: (A)&nbsp;None of the foregoing actions shall constitute Involuntary Termination if the Executive has agreed thereto.
(B)&nbsp;Except with respect to an event described in Section&nbsp;5(c)(v), the foregoing actions shall constitute Involuntary Termination only if and to the extent that (x)&nbsp;within 90 days of the occurrence of the events giving rise to an
Involuntary Termination, the Executive provides written notice to the Company setting forth in reasonable detail such facts which Executive believes constitute Involuntary Termination, (y)&nbsp;any circumstances constituting Involuntary Termination
remain uncured for a period of thirty (30)&nbsp;days following the Company&#146;s receipt of such written notice, and (z)&nbsp;the Termination Date occurs within one hundred and eighty (180)&nbsp;days following the initial existence of the event
giving rise to an Involuntary Termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Termination Date</U>. &#147;Termination Date&#148; shall mean the last day of notice
period required by Section&nbsp;5(c) above, although the Company may pay to the Executive the compensation Executive would have otherwise received during such period in lieu of such notice, in which case the earlier date at which the Company waives
notice and pays the Executive in lieu of such notice shall be the Termination Date. Notwithstanding the foregoing, in the event of an Involuntary Termination occuring in contemplation of a Change in Control, if the Termination Date would otherwise
have occurred prior to the Change in Control, the Termination Date shall take place on the date of the Change in Control. The Company and the Executive shall take all steps necessary to ensure that any termination described in this Agreement
constitutes a &#147;separation from service&#148; within the meaning of Section&nbsp;409A of the Internal Revenue Code (the &#147;Code&#148;), and notwithstanding anything to the contrary, the date on which such separation from service takes place
shall be the Termination Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Change in Control</U>. &#147;Change in Control&#148; shall mean the occurrence of any of the
following events: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(i) Any &#147;person&#148; or &#147;group&#148; (as such terms are used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended, but excluding any person or group as such terms is used in Rule 13d-1(b) under the Exchange Act) is or becomes the &#147;beneficial owner&#148; (as defined in Rule 13-d-3 under said Act), directly or indirectly, of
securities of the Company representing forty percent (40%)&nbsp;or more of the total voting power represented by the Company&#146;s then outstanding voting securities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">(ii) A change in the composition of the Board occurring within a two-year period, as a result of which fewer than a majority of the directors are Incumbent Directors. &#147;Incumbent Directors&#148; shall mean
directors who either (A)&nbsp;are directors of the Company as of the effective date of this Agreement, or (B)&nbsp;are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at
the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company); </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iii) The stockholders of the Company approve a merger or consolidation of the Company with any other
corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior hereto continuing to represent (either by remaining outstanding or by being converted into voting securities
of the surviving entity) more than fifty percent (50%)&nbsp;of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the
Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company&#146;s assets (other than to a subsidiary or subsidiaries); or </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(iv) Any other event as determined by the independent members of the Board, in the sole discretion of the independent members of the Board. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>Voluntary Resignation</U>. &#147;Voluntary Resignation&#148; shall mean Executive&#146;s termination of Executive&#146;s employment at any
time, for any reason, by the Executive, other than by reason of Involuntary Termination, death or Disability. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) <U>Occurring in
Contemplation of a Change in Control</U>. &#147;in contemplation of a Change in Control&#148; means an Involuntary Termination occurring within one (1)&nbsp;month prior to an actual Change in Control. It shall also include any termination if the
termination was a condition of a party other than the Company to entry into an agreement, the consummation of which would cause a Change in Control (an &#147;Acquisition Agreement&#148;), whether or not such person actually enters into such
agreement. Finally, it shall also include any Involuntary Termination if the actions constituting grounds for Involuntary Termination were taken at the request or direction of a person who has entered into an Acquisition Agreement. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(h) <U>Combined Plans</U>. &#147;Combined Plans&#148; means any short-term or long-term variable compensation plan offered by the Company to its
executive officers generally (and which are currently the Annual Incentive Plan and the Long-Term Incentive Plan, which includes the Multi-Year Incentive Plan and the equity components of the Long-Term Incentive Plan). &#147;Combined Plans&#148;
does not include the Global Products Group RSU program or any other one-time equity or cash award. &#147;Combined Plans&#148; does include any guaranteed payment that is part of an annual compensation program for the Executive. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6. <U>Successors</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Company&#146;s
Successors</U>. The Company shall require a successor to the Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) or to all or substantially all of the Company&#146;s business and/or
assets (each a &#147;Successor Company&#148;) to assume the Company&#146;s obligations under this Agreement and agree expressly to perform such obligations in the same manner and to the same extent as the Company would be required to perform such
obligations in the absence of a succession. For all purposes under this Agreement, the term &#147;Company&#148; shall include any Successor Company which executes and delivers the assumption agreement described in this subsection (a)&nbsp;or which
becomes bound by the terms of this Agreement by operation of law. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 6 - </FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Executive&#146;s Successors</U>. The terms of this Agreement and all rights of the Executive
hereunder shall inure to the benefit of, and be enforceable by, the Executive&#146;s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7. <U>Notice</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>General</U>.
Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by Federal Express or a comparable air courier company. In the case of the
Executive, notices sent by courier shall be addressed to him at the home address that Executive most recently communicated to the Company in writing. In the case of the Company, notices sent by courier shall be addressed to its corporate
headquarters, and all notices shall be directed to the attention of its Chief Legal Officer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Notice of Termination</U>. Any
termination by the Company for Cause or by the Executive as a result of any Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in accordance with Section&nbsp;7(a) of this Agreement. Such notice
shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the
Termination Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8. <U>Non-Compete; Non-Solicit</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(a) The parties hereto recognize that the Executive&#146;s services are special and unique and that Executive&#146;s level of compensation and the provisions herein for compensation upon Involuntary Termination are
partly in consideration of and conditioned upon the Executive&#146;s not competing with the Company, and that the covenant on Executive&#146;s part not to compete and not to solicit as set forth in this Section&nbsp;8 is essential to protect the
business and goodwill of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Executive agrees that prior to the Termination Date, the Executive will not either directly
or indirectly, whether as a director, officer, consultant, employee or advisor or in any other capacity (1)&nbsp;render any planning, marketing or other services respecting the creation, design, manufacture or sale of semiconductor manufacturing
equipment and/or software to any business, agency, partnership or entity (&#147;Restricted Business&#148;) other than the Company, or (2)&nbsp;make or hold any investment in any Restricted Business in the United States other than the Company,
whether such investment be by way of loan, purchase of stock or otherwise, provided that there shall be excluded from the foregoing the ownership of not more than 2% of the listed or traded stock of any publicly held corporation. For purposes of
this Section&nbsp;8, the term &#147;Company&#148; shall mean and include the Company, any subsidiary or affiliate of the Company, any Successor Company and any other corporation or entity of which the Executive may serve as a director, officer or
employee at the request of the Company or any Successor Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 7 - </FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) Prior to the Termination Date, and for the period extending six (6)&nbsp;months thereafter, the
Executive will not directly induce or attempt to influence any employee of the Company to leave its employ and join any Restricted Business in or within 50 miles of Fremont, California. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) The Executive agrees that the Company would suffer an irreparable injury if Executive were to breach the covenants contained in subparagraphs
(b)&nbsp;or (c)&nbsp;and that the Company would by reason of such breach or threatened breach be entitled to injunctive relief in a court of appropriate jurisdiction, and the Executive hereby stipulates to the entering of such injunctive relief
prohibiting him from engaging in such breach. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) If any of the restrictions contained in this Section&nbsp;8 shall be deemed to be
unenforceable by reason of the extent, duration or geographical scope or other provisions thereof, then the parties hereto contemplate that the court shall reduce such extent, duration, geographical scope or other provisions hereof (but only to the
extent necessary to render such restrictions enforceable) and then enforce this Section&nbsp;8 in its reduced form for all purposes in the manner contemplated hereby. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">9. <U>Excise Tax on Payments</U>. Notwithstanding anything to the contrary contained herein, in the event that any payment by the Company to or for the benefit of the Executive, whether paid or payable, would be
subject to the excise tax imposed by Section&nbsp;4999 of the Code or any comparable federal, state, or local excise tax (such excise tax, together with any interest and penalties, are hereinafter collectively referred to as the &#147;Excise
Tax&#148;), then the Executive shall receive either the full severance amount or a lesser amount that does not trigger an excise tax, whichever produces a greater after-tax benefit to the Executive, as determined by the Company. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10. <U>Miscellaneous Provisions</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a)
<U>No Duty to Mitigate</U>. The Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor shall any such payment be reduced by any earnings that the Executive may receive from any other source.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Waiver</U>. No provisions of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is
agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other
party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Whole
Agreement; Amendment</U>. This Agreement and the documents expressly referred to herein represent the entire agreement of the parties with respect to the matters set forth herein. This Agreement may not be altered, modified, or amended except by
written instrument signed by the parties hereto. Nothing herein affects the continued enforceability of either the Company&#146;s Employment, Confidential Information and Invention Assignment Agreement previously executed by the Executive, or any
indemnification agreement between Executive and the Company. Any benefit amounts referenced as payable to the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 8 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Executive pursuant to this Agreement are the sole and exclusive amounts payable to the Executive for the category of benefit addressed by such amounts;
provided, however, that this Agreement shall not limit any right of Executive to receive any payments or benefits under an employee benefit or employee compensation plan of the Company, initially adopted prior to or after the date hereof, which are
expressly contingent thereunder upon the occurrence of a Change in Control (including, but not limited to, the acceleration of any rights or benefits thereunder). Notwithstanding the foregoing, in no event shall Executive be entitled to any payment
or benefit under this Agreement which duplicates a payment or benefit received or receivable by Executive under any severance or similar plan or policy of Company, and in any such case Executive shall only be entitled to receive the greater of the
two payments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Choice of Law</U>. The validity, interpretation, construction and performance of this Agreement shall be governed by
the laws of the state of California, without regard to conflicts of law provisions thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Severability</U>. If any provision of
this Agreement is determined to be invalid or unenforceable, the Agreement shall remain in full force and effect as to the remaining provisions, and the parties shall replace the invalid or unenforceable provision with one which reflects the
parties&#146; original intent in agreeing to the invalid/unenforceable one. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>No Assignment of Benefits</U>. Except as otherwise
provided herein, the rights of any person to payments or benefits under this Agreement shall not be made subject to option or assignment, either by voluntary or involuntary assignment or by operation of law, including (without limitation)
bankruptcy, garnishment, attachment or other creditor&#146;s process, and any action in violation of this subsection 10(f) shall be void. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(g) <U>Withholding Taxes</U>. The Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(h) <U>Section&nbsp;409A of the Code</U>. Notwithstanding anything herein to the contrary, if at the time of the Executive&#146;s termination of
employment with the Company, the Company has determined that the Executive is a &#147;specified employee&#148; as defined in Section&nbsp;409A of the Code and any severance payments and benefits to Executive are considered a &#147;deferral of
compensation&#148; under Section&nbsp;409A of the Code (the &#147;Deferred Payments&#148;), such Deferred Payments that are otherwise payable within the first six months following the Termination Date will become payable on the first business day of
the seventh month following the Executive&#146;s Termination Date, or if earlier the date of the Executive&#146;s death. In the event that payments under this Agreement are deferred pursuant to this Section&nbsp;10(h), then such payments shall be
paid at the time specified in this Section&nbsp;10(h) without interest. The Company shall consult with the Executive in good faith regarding the implementation of the provisions of this Section&nbsp;10(h) <U>provided</U>, that neither the Company
nor any of its employees or representatives shall have any liability to the Executive with respect thereto. Any amount under this Agreement that satisfies the requirements of the &#147;short-term deferral&#148; rule set forth in
Section&nbsp;1.409A-1(b)(4) of the Treasury Regulations will not constitute Deferred Payments for purposes of this Agreement. Any amounts scheduled for payment hereunder when they are ordinarily paid out or when they are made to other executive
officers, will nonetheless be paid to Executive on or </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 9 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:3px;">
<FONT FACE="Times New Roman" SIZE="2">before March&nbsp;15</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2"> of the year following the year when the payment is no longer subject to a substantial risk of forfeiture. For purposes of Section&nbsp;409A of the Code, the right to a series of installment payments under this
Agreement shall be treated as a right to a series of separate payments, and references herein to the Executive&#146;s termination of employment shall refer to Executive&#146;s separation of services with the Company within the meaning of
Section&nbsp;409A of the Code. Notwithstanding anything to the contrary herein, except to the extent any expense, reimbursement or in-kind benefit provided pursuant to this Agreement does not constitute a &#147;deferral of compensation&#148; within
the meaning of Section&nbsp;409A of the Code: (x)&nbsp;the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive during any calendar year will not affect the amount of expenses eligible for reimbursement or
in-kind benefits provided to the Executive in any other calendar year, (y)&nbsp;the reimbursements for expenses for which the Executive is entitled to be reimbursed shall be made on or before the last day of the calendar year following the calendar
year in which the applicable expense is incurred, and (z)&nbsp;the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any other benefit. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Assignment by Company</U>. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under
this Agreement to another affiliate of the Company or to the Company, provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such
assignment, the term &#147;Company&#148; when used in a section of this Agreement shall mean the corporation that actually employs the Executive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(j) <U>Counterparts</U>. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(k) <U>Term</U>. This Agreement shall expire on the earlier of (x)&nbsp;June&nbsp;30, 2012, or (y)&nbsp;the date on which Executive&#146;s salary grade
drops below X34, unless prior to the first such date to occur, the Company enters an Acquisition Agreement, in which case this Agreement shall remain in effect in connection with such Change in Control. Further, in the event that a reduction in
Executive&#146;s salary grade occurs in contemplation of a Change in Control, this Agreement shall remain in effect in connection with that Change in Control. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(l) <U>Arbitration</U>. At the option of either party, any and all disputes or controversies whether of law or fact and of any nature whatsoever arising from or respecting this Agreement shall be decided by
arbitration under the rules of the American Arbitration Association in accordance with the rules and regulations of that Association with the exception of any claim for temporary, preliminary or permanent injunctive relief arising from or respecting
this Agreement which may be brought by the Company in any court of competent jurisdiction irrespective of Executive&#146;s desire to arbitrate such a claim. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">The arbitrator shall be selected as follows. In the event the Company and the Executive agree on one arbitrator, the arbitration shall be conducted by such arbitrator. If the parties cannot agree on an arbitrator, the
Company and the Executive shall each select one independent, qualified arbitrator and the two arbitrators so selected shall select the third arbitrator. The Company reserves the right to object to any individual arbitrator who shall be employed by
or affiliated with a competing organization. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 10 - </FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Arbitration shall take place in San Jose, California, or any other location mutually agreeable to the
parties. At the request of either party, arbitration proceedings will be conducted in the utmost secrecy; in such case all documents, testimony and records shall be received, heard and maintained by the arbitrators in secrecy under seal, available
for the inspection only by the Company and the Executive and their respective attorneys and their respective experts who shall agree in advance and in writing to receive all such information confidentially and to maintain such information in secrecy
unless and until such information shall become generally known. The arbitrator, who, if more than one, shall act by majority vote, shall have the power and authority to decree any and all relief of an equitable nature including, but not limited to,
such relief as a temporary restraining order, a temporary and/or permanent injunction, and shall also have the power and authority to award damages, with or without an accounting and costs, provided, that punitive damages shall not be awarded, and
provided, further, that the Executive shall be entitled to reimbursement for Executive&#146;s reasonable attorney&#146;s fees to the extent Executive prevails as to the material issues in such dispute. The reimbursement of attorney&#146;s fees shall
be made promptly following delivery of an invoice therefor. The decree or judgment of an award rendered by the arbitrators may be entered in any court having jurisdiction thereof. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Reasonable notice of the time and place of arbitration shall be given to all persons, other than the parties, as shall be required by law, in which case
such persons or those authorized representatives shall have the right to attend and/or participate in all the arbitration hearings in such a manner as the law shall require. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(m) <U>Company Release</U>. As a condition to the Company&#146;s obligations pursuant to this Agreement, the Executive agrees to execute a release of
claims against the Company (the &#147;Release&#148;), substantially in the form attached hereto as <U>Exhibit A</U>, by the sixtieth (60th)&nbsp;day following the Executive&#146;s Termination Date. If the Company has not received an irrevocable
Release by the sixtieth (60th)&nbsp;day following the Termination Date, the Company shall be under no obligation to make payments or provide benefits under this Agreement; provided such sixty (60)&nbsp;day period shall be tolled during the pendancy
of any arbitration proceeding under this Agreement. In the event one or more of the provisions of the Release should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provisions of the Release, and the Release shall be construed as if such invalid, illegal or unenforceable provision had never been contained therein. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 11 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the parties have executed this Agreement. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">LAM RESEARCH CORPORATION</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Stephen G. Newberry</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Its:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">President and Chief Executive Officer</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">DATED: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2009</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>[NAME]</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">DATED:</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 12 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>EXHIBIT A </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>COMPANY RELEASE </B></FONT></P>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px">

<IMG SRC="g43252g79y32.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>LAM RESEARCH CORPORATION RELEASE </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">This Release (&#147;Release&#148;) constitutes a binding agreement between you, <B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[EMP
NAME]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>, Lam Employee No. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[<B>EE
I.D</B>.]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, and Lam Research Corporation (&#147;Lam&#148; or &#147;the Company&#148;). Please review the terms carefully. We advise you to consult with an attorney concerning its
terms. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. This Release is provided to Lam pursuant to an Change in Control Agreement (your &#147;Agreement&#148;) between you and Lam. You understand that
if you choose not to sign this Release, as provided in your Agreement Lam has no obligation to make any payments or provide any benefits provided in your Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">2. You understand that your obligations under the Confidential Information and Invention Assignment Agreement, or similarly titled agreement, you signed at the beginning of your employment with Lam are ongoing and
binding and survive the termination of your employment with Lam, regardless of whether you sign this Release. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. <U>If you agree to this Release, you will
be eligible to receive the payments and benefits provided in your Agreement</U>. You must sign and return this Release, and it must become irrevocable (as discussed in Sections 4.E. and 8 below), within sixty (60)&nbsp;days of your Termination Date
(as defined in your Agreement). You may, at your discretion, sign and return the Release sooner. You are hereby advised to consider the terms of this Release and consult with an attorney of your choice prior to executing this Release. Lam is under
no obligation to pay any amounts or provide any benefits under your Agreement until such release is irrevocable. Lam will make such payments and provide such benefits under your Agreement as soon as practicable, in accordance with the terms of your
Agreement and in accordance with IRC Section&nbsp;409A and accompanying Treasury Regulations (although Lam makes no representation about any specific tax treatment applicable to you). Neither Lam nor the Executive shall have the right to accelerate
or defer the delivery of any payments or provision of any benefits except as specifically permitted or required by Section&nbsp;409A. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">4. In exchange for
and in consideration of the payments and benefits provided for in your Agreement, you agree to, and agree to abide by, the following terms: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Release</U>. You hereby waive and release, and promise never to assert, any and all claims, except workers compensation or unemployment compensation claims, that
you have, or may have at any time, against Lam and its predecessors, subsidiaries, related entities, and their officers, directors, shareholders, agents, attorneys, employees, benefit plans, successors, or assigns (collectively &#147;Released
Parties&#148;) at all or, specifically, arising from or related to your employment with Lam and/or the termination of your employment with Lam. These claims include, but are not limited to, all claims arising under federal, state, and/or local
statutory or common law, including, but not limited to, claims of wrongful or constructive discharge or demotion, breach of contract (written, oral or implied), breach of the covenant of good faith and fair dealing, violation of public policy,
defamation, personal injury, emotional distress, claims under Title VII of the 1964 Civil Rights Act, as amended, the California Fair Employment and Housing Act (or comparable provision under any other state&#146;s law), the Equal Pay Act of 1963,
California Labor Code Section&nbsp;1197.5 (or comparable provision under any other state&#146;s law), the Age Discrimination in Employment Act of 1967, as amended, the Older Workers Benefit Protection Act (OWBPA), the Americans with Disabilities Act
(ADA), the Civil Rights Act of 1866, the Family and Medical Leave Act (FMLA), the Worker Adjustment and Retraining Notification (WARN) Act, California Labor Code Section&nbsp;1400 et seq., and any other laws, regulations, or ordinances relating to
employment or employment discrimination, and the laws of contract and tort, to the full extent permitted by law. You are, through this Release, releasing the Company from any and all claims you may have against the Company, including claims under
the Age Discrimination in Employment Act of 1967, 29 U.S.C. &#167;621, et seq (ADEA) with the exception of (i)&nbsp;your right to receive the payments provided for in, or to enforce, your Agreement and (ii)&nbsp;any claims you may have </FONT>
</P></TD></TR></TABLE>

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<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P>
<FONT FACE="Times New Roman" SIZE="2">pursuant to any written agreement, the Company&#146;s certificate of incorporation or bylaws, or as mandated by statute, to indemnification as a director or
officer of the Company; further, rights or claims under the Age Discrimination in Employment Act that may arise after the date this Agreement is executed are not waived. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">B.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Release of Unknown Claims</U>. You agree to waive and release and promise never to assert any claims or potential claims that you might have against the Released Parties, whether
or not you know or might have reason to know of such claims or potential claims or of the facts potentially giving rise to any such claims or potential claims. Specifically, you agree to waive, and by executing this Release do waive, your rights
under section 1542 of the Civil Code of California, or comparable provision of another state&#146;s law, which states: </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2"><I>A
general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known to him or her must have materially affected his or her settlement with the
debtor.</I> </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">C.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Acknowledgment of 21-Day Consideration Period</U>: If you are 40 years of age or older, you acknowledge and agree that you have been given at least 21 days to
consider the terms of this Release before signing it</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">. You knowingly and voluntarily
waive the remainder of the 21-day consideration period, if any, following the date (as indicated below) you sign this Release. You affirm that you have not been asked by the Company to shorten your time period for consideration of whether to sign
this Release. You affirm that the Company has not threatened to withdraw or alter the payments or benefits due to you prior to the expiration of the 21-day period nor has the Company provided different terms to you because you have decided to sign
this Release prior to the expiration of the 21-day consideration period. You understand that by your having waived some portion of the 21-day consideration period, the Company may expedite the processing of some of the payments or benefits provided
to you in reliance upon your signing this Release. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">D.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>No Re-Start of Consideration Period</U>: You agree that any changes to this Release or to the payments or benefits and terms offered or that may be offered to you after your
initial receipt of this Release, whether any such changes (individually or collectively) are material or immaterial, do not and shall not restart the running of the consideration period. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">E.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Right to Revoke</U>: You understand that if you sign this Release, you can change your mind and revoke it within seven days after signing it by returning it with written
revocation notice to the Company in the manner described in the notice provision of your Agreement. You understand that the release and waiver set forth above will not be effective until after this seven-day period has expired.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">F.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Binding Agreement</U>: You understand that following the seven-day revocation period, this Release will be final and binding. You promise that you will not pursue any claim that
you have settled by this Release. If you break this promise, you agree to pay all of the Company&#146;s costs and expenses (including reasonable attorneys&#146; fees) related to the defense of any claims, except this promise not to sue does not
apply to claims that you may have under the OWBPA and the ADEA. Although you are releasing claims that you may have under the OWBPA and the ADEA, you understand that you may challenge the knowing and voluntary nature of this release under the OWBPA
and the ADEA before a court, the Equal Employment Opportunity Commission (EEOC), the National Labor Relations Board (NLRB), or any other federal, state or local agency charged with the enforcement of any employment laws. You understand, however,
that if you pursue a claim against the Company under the OWBPA and/or the ADEA, a court has the discretion to determine whether the Company is entitled to restitution, recoupment, or set off (hereinafter &#147;reduction&#148;) against a monetary
award obtained by you in the court proceeding. A reduction never can exceed the amount you recover, or the consideration you received for signing this Release, whichever is less. You also recognize that the Company may be </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Insert 45 day Consideration Period in circumstances required by law. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 15 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">entitled to recover costs and attorney&#146;s fees incurred by the Company as specifically authorized
under applicable law. You further understand that nothing in this Release generally prevents you from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC, NLRB, or any other federal, state
or local agency charged with the enforcement of any employment laws, although by signing this Release you are waiving your right to individual relief based on claims asserted in such a charge or complaint<U>.</U> Nothing in this Agreement shall be
construed to waive any right that is not subject to waiver by private agreement under federal, state or local laws, such as claims for workers compensation or unemployment benefits. </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">G.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Authorization for Deductions from Paychecks and Other Payments.</U> You hereby authorize Lam to deduct and withhold from your paychecks and from any other payments of cash
compensation due to you, from the date of this Release forward, any and all amounts you may, from time to time, owe to Lam for any reason, including (without limitation) loans or advances to you, reimbursement of paid but unvested signing or
relocation bonuses, amounts due under a promissory note, taxes or tax withholding paid or to be paid by Lam on your behalf. If you owe Lam monies as documented in a promissory note or other written agreement, the repayment terms of that document
will apply. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">H.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Confidentiality of Terms of this Release</U>. You agree not to disclose to any other person or entity any information regarding the terms of this Release, or the fact of its
existence, or the amounts of any payments or benefits made to or provided to you, except that you may disclose such information to your immediate family (spouse, children, or parents), attorney, accountant, or other professional advisor to whom you
must make the disclosure in order for such person to render professional services to you, or as you otherwise may be compelled by law. You will instruct any such persons to whom you make such disclosures, however, to maintain the confidentiality of
such information, consistent with your obligations to maintain its confidentiality hereunder. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">I.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Non-Solicitation</U>. For a period of six months after your Termination Date, you agree not to solicit or induce, directly or indirectly, any current Lam employee, contractor or
consultant to leave Lam&#146;s employment or discontinue his or her relationship with Lam, either to commence employment or a relationship with another company or otherwise. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">J.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Non-Disparagement</U>. You hereby agree that you will not disparage, criticize, slander, or libel Lam or any of its products, technologies, policies, actions, employees,
officers, or agents, to any third party or person, including without limitation any supplier, customer, or prospective customer or business partner of Lam. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">5. <U>To accept this Release, please sign and date it below and provide it to the Company in the manner described in the notice provision of your Agreement</U>. If your Release is not executed, returned and
irrevocable within 60 days from the Termination Date (as defined in your Agreement), the offer of the payments and benefits described in your Agreement shall automatically expire and this offer shall be deemed revoked. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">6. In the event that you breach any of your obligations under this Release or as otherwise imposed by law, Lam will be entitled to recover the payments and benefits paid
under your Agreement and to obtain all other relief provided by law or equity. Lam&#146;s rights and remedies arising hereunder are cumulative of any and all other rights or remedies Lam may have in the event of a breach of this Release by you.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">7. By signing this Release, you acknowledge that you have had the opportunity to review this Release carefully with an attorney of your choice concerning
its terms and effect, and that the waivers, settlement, and releases made herein are knowing, voluntary, informed, and consensual. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B></B>8. You
understand that once you have signed this Release, you have an additional seven (7)&nbsp;days to revoke your acceptance by submitting a written notice of your revocation to the Company in the manner described in the notice provision of your
Agreement . If you do not revoke your acceptance within seven (7)&nbsp;days of your acceptance, the Release will be deemed effective, binding and enforceable<B>. Please note that this means your executed Release must be received by the Chief Legal
Officer of the Company, within 53 days of Termination Date (as defined in your Agreement) or the Company shall be under no obligation to make the payments or provide the benefits under your Agreement. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 16 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">9. This Release shall be construed and enforceable in all respects pursuant to California law, notwithstanding conflict
of laws considerations or the preference, policy or law of any other jurisdiction or forum. Any dispute or action arising from or related to this Release shall be brought in federal or California state court located in the County of Santa Clara,
California, and in no other jurisdiction or venue. The invalidity or unenforceability of any provision(s) of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 17 - </FONT></P>


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<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>I, THE UNDERSIGNED, HAVE BEEN ADVISED IN WRITING THAT I HAVE HAD AT LEAST TWENTY-ONE (21)&nbsp;DAYS TO CONSIDER THIS
RELEASE AND TO CONSULT WITH AN ATTORNEY CONCERNING ITS TERMS AND EFFECT PRIOR TO EXECUTING THIS RELEASE. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>I, THE UNDERSIGNED, HAVE READ THIS
RELEASE, UNDERSTAND ITS TERMS, AND UNDERSTAND THAT I ENTER THIS RELEASE INTENDING TO AND DO WAIVE, SETTLE AND RELEASE ALL CLAIMS I HAVE OR MIGHT HAVE AGAINST LAM RESEARCH CORPORATION TO THE FULL EXTENT PERMITTED BY LAW. I SIGN THIS RELEASE
VOLUNTARILY AND KNOWINGLY. </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">ACKNOWLEDGED, UNDERSTOOD AND AGREED</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">ON
BEHALF OF LAM RESEARCH CORPORATION:</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">[EMP NAME]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Date: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Date: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 18 - </FONT></P>

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