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<SEC-DOCUMENT>0000950123-08-010460.txt : 20080829
<SEC-HEADER>0000950123-08-010460.hdr.sgml : 20080829
<ACCEPTANCE-DATETIME>20080829165601
ACCESSION NUMBER:		0000950123-08-010460
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		11
FILED AS OF DATE:		20080829
DATE AS OF CHANGE:		20080829
EFFECTIVENESS DATE:		20080829

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASML HOLDING NV
		CENTRAL INDEX KEY:			0000937966
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY, NEC [3559]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-153277
		FILM NUMBER:		081049737

	BUSINESS ADDRESS:	
		STREET 1:		DE RUN 6501
		CITY:			DR VELDHOVEN
		STATE:			P7
		ZIP:			5504
		BUSINESS PHONE:		31402683000

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 324
		CITY:			AH VELDHOVEN
		STATE:			P7
		ZIP:			5500

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASM LITHOGRAPHY HOLDING NV
		DATE OF NAME CHANGE:	19950215
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>u56110sv8.htm
<DESCRIPTION>S-8
<TEXT>
<HTML>
<HEAD>
<TITLE>S-8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 12pt"><B>Registration No. 333-</B>
</DIV>

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>ASML Holding N.V.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>The Netherlands</B><BR>
(State or Other Jurisdiction of
Incorporation or Organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Not Applicable</B><BR>
(IRS Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>De Run 6501<BR>
5504 DR Veldhoven<BR>
The Netherlands<BR>
Tel: 31-40-268-3000</B><BR>
(Address of Principal Executive Offices)<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Incentive
or New Hire Options Granted to Senior and Executive Management under the ASML Stock<BR>
 Option Plan (Version October&nbsp;2007)</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management (version 1)</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management (version 1)</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Incentive
or New Hire Options Granted to Employees under the ASML Stock Option Plan (Version<BR>
 October&nbsp;2007)</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees (version 1)</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees (version 1)</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>ASML Restricted Stock Plan (version 2)</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>ASML US, Inc.<BR>
8555 South River Parkway<BR>
Tempe, Arizona 85284</B><BR>
(Name and Address of Agent For Service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>480 383 4422</B><BR>
(Telephone Number, Including Area Code, of Agent For Service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Copy to:</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Richard A. Ely, Esq.<BR>
Skadden, Arps, Slate, Meagher &#038; Flom (UK)&nbsp;LLP<BR>
40 Bank Street<BR>
Canary Wharf, London E14 5DS<BR>
United Kingdom</B></DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act. (Check one):</DIV>


<div style="margin-top: 6pt">
<TABLE width="100%" style="font-size: 10pt; margin-top: 0pt">
<TR><TD valign="top">Large accelerated
filer&nbsp;<FONT face="Wingdings">&#254;</FONT>
</TD>
<TD valign="top" align="center">Accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
<TD valign="top" align="center">Non-accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT>
<BR>(Do not check if a smaller reporting company)</TD>
<TD valign="top" align="right">Smaller reporting company&nbsp;<FONT face="Wingdings">&#111;</FONT></TD></TR></TABLE>
</div>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Title of Each Class of</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Securities to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Offering Price per Share</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount of Registration</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Registered (1)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"> (2)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Aggregate Offering Price</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Fee</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Ordinary shares,
nominal value EUR
0.09 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">426,615</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" style="border-top: 2px solid #000000">$23.53</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>

<TD align="right" style="border-top: 2px solid #000000">10,038,250.95</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="right" style="border-top: 2px solid #000000">$394.50</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="right" style="border-top: 2px solid #000000">$394.50</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>

<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>

</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 3pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>This Registration Statement shall also cover any additional ordinary
shares of ASML Holding N.V. which become issuable under (i)&nbsp;the
Incentive or New Hire Options Granted to Senior and Executive
Management under the ASML Stock Option Plan (Version October&nbsp;2007),
(ii)&nbsp;the ASML Performance Stock Option Plan for Senior and Executive
Management (version 1), (iii)&nbsp;the ASML Performance Share Plan for
Senior and Executive Management (version 1), (iv)&nbsp;the Incentive or New
Hire Options Granted to Employees under the ASML Stock Option Plan
(Version October&nbsp;2007), (v)&nbsp;the ASML Incentive Stock Option Plan for
Employees (version 1), (vi)&nbsp;the ASML Incentive Share Plan for
Employees (version 1), and (vii)&nbsp;the ASML Restricted Stock Plan
(version 2) (collectively, the &#147;Plans&#148;) by reason of any share
dividend, share split, recapitalization or other similar transaction
effected without the receipt of consideration which results in an
increase in the number of ordinary shares, nominal value EUR 0.09 per
share (&#147;Ordinary Shares&#148;) registered hereunder.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule 457(h) under the Securities Act of 1933 (the
&#147;Securities Act&#148;), the proposed maximum offering price of the Ordinary
Shares being registered hereby is the price at which the options may
be exercised, where the offering price has been determined, and, where
the offering price is not yet known, upon the basis determined in
accordance with Rule&nbsp;457(c).</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Named Experts and Counsel.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption from Registration Claimed.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">SIGNATURES</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#009"><U>Exhibit&nbsp;Index</U></A></TD></TR>
<TR><TD colspan="9"><A HREF="u56110exv4w3.htm">EXHIBIT 4.3</A></TD></TR>
<TR><TD colspan="9"><A HREF="u56110exv4w4.htm">EXHIBIT 4.4</A></TD></TR>
<TR><TD colspan="9"><A HREF="u56110exv4w5.htm">EXHIBIT 4.5</A></TD></TR>
<TR><TD colspan="9"><A HREF="u56110exv4w6.htm">EXHIBIT 4.6</A></TD></TR>
<TR><TD colspan="9"><A HREF="u56110exv4w7.htm">EXHIBIT 4.7</A></TD></TR>
<TR><TD colspan="9"><A HREF="u56110exv4w8.htm">EXHIBIT 4.8</A></TD></TR>
<TR><TD colspan="9"><A HREF="u56110exv4w9.htm">EXHIBIT 4.9</A></TD></TR>
<TR><TD colspan="9"><A HREF="u56110exv5w1.htm">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="u56110exv23w1.htm">EXHIBIT 23.1</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "PART I" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All information required by Part&nbsp;I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule&nbsp;428 under the Securities Act
of 1933 and the Note to Part&nbsp;I of Form S-8.
</DIV>

<!-- link1 "PART II" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

</DIV>
<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following documents filed with or furnished to the Securities and Exchange Commission (the &#147;Commission&#148;) by ASML Holding N.V. (the &#147;Registrant&#148;) pursuant to the Securities
Exchange Act of 1934 (the &#147;Exchange Act&#148;) are incorporated herein by reference:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;the Registrant&#146;s Annual Report on Form 20-F for the fiscal year ended December&nbsp;31, 2007;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(b)&nbsp;the Registrant&#146;s Report of a Foreign Private Issuer on Form 6-K furnished to the Commission on April&nbsp;16, 2008;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(c)&nbsp;the Registrant&#146;s Report of a Foreign Private Issuer on Form 6-K furnished to the Commission on July&nbsp;16, 2008;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;the description of the Ordinary Shares, contained in the Registrant&#146;s Report of a Foreign Private Issuer on Form 6-K filed with the Commission on November&nbsp;2, 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All documents subsequently filed by the Registrant with the Commission pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d)
of the Exchange Act, and, to the extent designated therein, certain reports on Form 6-K we submit to
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the Commission after
the date hereof, prior to the filing of a post-effective amendment which indicates that all securities offered have
been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such
documents. Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of
this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that is or is deemed to be incorporated by reference herein
modifies or supersedes such previous statement. Any statement so modified or superseded shall not be deemed to constitute a part of this Registration Statement, except as so
modified or superseded.
</DIV>

<!-- link2 "Item&nbsp;4. Description of Securities." -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Not applicable.
</DIV>

<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The legality of the securities offered hereby has been passed upon by the general counsel of the Registrant, who participates in stock option plans of the Registrant.
</DIV>

<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The articles of association of the Registrant require the Registrant to indemnify members of the supervisory board and board of management against liabilities (including legal
expenses) incurred due to acts or omissions in acting in such capacity, except (i)&nbsp;to the extent that a court in the Netherlands irrevocably establishes that such acts or omissions
are the result of willful misconduct or intentional recklessness (unless the denial of indemnification or reimbursement of expenses would be, in view of all circumstances, contrary
to reasonableness and fairness), and (ii)&nbsp;to the extent that such losses are reimbursed by insurance. In addition, the Registrant&#146;s articles of association provide that at each
ordinary annual general meeting of shareholders, the shareholders may discharge the supervisory board and the board of management from liability for the performance of their
respective duties in the preceding financial year. Under Netherlands&#146; law, this discharge is not absolute, and would not be effective as to any matter not disclosed in the annual
accounts of the Registrant and the report of the board of management, as presented to or adopted by the general meeting of shareholders. Members of the board of management and the
supervisory board of the Registrant are also party to agreements with the Registrant providing for indemnification by the Registrant in circumstances similar to those provided for
in the Registrant&#146;s articles of association as described above. In addition, members of the board of management, the supervisory board and certain officers of the Registrant are,
to a limited extent, insured under an insurance policy against damages resulting from their conduct when acting in their capacities as such.
</DIV>

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed." -->
<DIV align="left"><A NAME="006"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Not applicable.
</DIV>

<!-- link2 "Item&nbsp;8. Exhibits." -->
<DIV align="left"><A NAME="007"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="94%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">English Translation of the Articles of Association of the Registrant (incorporated by
reference to Exhibit&nbsp;1.1 to Amendment No.&nbsp;11 to the Registrant&#146;s Registration Statement on
Form&nbsp;8-A filed with the Commission on November&nbsp;2, 2007)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Certificate for New York Shares (incorporated by reference to Exhibit&nbsp;1.1 to
Amendment No.&nbsp;4 to the Registrant&#146;s Registration Statement on Form&nbsp;8-A filed with the
Commission on June&nbsp;6, 2000)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions for Incentive or New Hire Options Granted to Senior and Executive
Management under the ASML Stock Option Plan (Version October&nbsp;2007)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Performance Stock Option Plan for Senior and Executive
Management (version 1)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Performance Share Plan for Senior and Executive Management
(version 1)*</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions for Incentive or New Hire Options Granted to Employees under the ASML
Stock Option Plan (Version October&nbsp;2007)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Incentive Stock Option Plan for Employees (version 1)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Incentive Share Plan for Employees (version 1)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Restricted Stock Plan (version 2)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Robert F. Roelofs regarding the legality of the securities being registered*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Deloitte Accountants B.V.*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Robert F. Roelofs (included in his opinion filed as Exhibit&nbsp;5.1)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on the signature page of this Registration Statement)*</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Filed herewith</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;The undersigned Registrant hereby undertakes:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to include any prospectus required by
Section&nbsp;10(a)(3) of the Securities Act of
1933;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to reflect in the prospectus any facts or
events arising after the effective date of
the Registration Statement (or the most
recent post-effective amendment thereof)
which, individually or in the aggregate,
represent a fundamental change in the
information set forth in the Registration
Statement; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to include any material information with
respect to the plan of distribution not
previously disclosed in the Registration
Statement or any material change to such
information in the Registration Statement;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><u>provided</u>,
<u>however</u>, that paragraphs (a)(1)(i) and (a)(1)(ii) shall not apply if the information required to be included in a post-effective amendment of this Registration Statement
by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or Section 15(d) of the Exchange Act that are
incorporated by reference in the Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new Registration Statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide </I>offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(b)&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant&#146;s annual report
pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration
Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide </I>offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to
the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy
as expressed in the Securities Act of 1933 and is, therefore,
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the
Securities Act of 1933 and will be governed by the final adjudication of such issue.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="008"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto authorized,
in the city of Veldhoven, The Netherlands on this, the
29<SUP style="font-size: 85%; vertical-align: text-top">th</sup> day of August 2008.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">ASML Holding N.V.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Eric Meurice

&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Eric Meurice&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President, Chief Executive Officer and<br>
Chairman of the Board of Management&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each person whose signature appears below hereby authorizes Eric Meurice, Peter
T.F.M. Wennink and Robert F. Roelofs (with full power to each of them to act
alone), with full power of substitution and resubstitution, to execute in the
name and on behalf of such person any amendment (including any post-effective
amendment) to this Registration Statement (or any other Registration Statement
for the same offering that is to be effective upon filing pursuant to Rule
462(b) under the Securities Act of 1933) and to file the same, with exhibits
thereto, and any other documents in connection therewith, making such changes
in this Registration Statement as the person(s) so acting deems appropriate,
and appoints each of such person, each with full power of substitution and
resubstitution, attorney-in-fact to sign any amendment (including any
post-effective amendment) to this Registration Statement (or any other
Registration Statement for the same offering that is to be effective upon
filing pursuant to Rule 462(b) under the Securities Act of 1933) and to file
the same with exhibits thereto, and any other documents in connection
therewith.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons, in the capacities indicated
on this, the
29<SUP style="font-size: 85%; vertical-align: text-top">th</sup> day of August 2008.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Eric Meurice&nbsp;
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Eric Meurice&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">President, Chief Executive Officer and<br>
Chairman of the Board of Management&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Peter T.F.M. Wennink

&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Peter T.F.M. Wennink&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Executive Vice President and Chief<br>
Financial Officer, Member of Board of<br>
Management (Principal Accounting Officer and
Principal Financial Officer)&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Arthur P.M. van der Poel

&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Arthur P.M. van der Poel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Chairman of the Supervisory Board&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Jan A. Dekker

&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Jan A. Dekker&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Member of the Supervisory Board&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Fritz W. Fr&#246;hlich

&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Fritz W. Fr&#246;hlich&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Member of the Supervisory Board&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Jos W.B. Westerburgen&nbsp;

&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Jos W.B. Westerburgen&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Member of the Supervisory Board&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Ieke C.J. van den Burg&nbsp;


&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Ieke C.J. van den Burg&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Member of the Supervisory Board&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ O.B. Bilous&nbsp;

&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">O.B. Bilous&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Member of the Supervisory Board&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">&nbsp;
</TD>
</TR><TR>


    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">W.T. Siegle&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Member of the Supervisory Board&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">ASML US, INC.<BR>
Authorized Representative in the United States:<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

<TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Peter T.F.M. Wennink&nbsp;

&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Peter T.F.M. Wennink&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Authorized Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<!-- link2 "<U>Exhibit&nbsp;Index</U>" -->
<DIV align="left"><A NAME="009"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Exhibit&nbsp;Index</B></U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">English Translation of the Articles of Association of the Registrant (incorporated by
reference to Exhibit&nbsp;1.1 to Amendment No.&nbsp;11 to the Registrant&#146;s Registration
Statement on Form&nbsp;8-A filed with the Commission on November&nbsp;2, 2007)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Certificate for New York Shares (incorporated by reference to Exhibit&nbsp;1.1 to
Amendment No.&nbsp;4 to the Registrant&#146;s Registration Statement on Form&nbsp;8-A filed with the
Commission on June&nbsp;6, 2000)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions for Incentive or New Hire Options Granted to Senior and Executive
Management under the ASML Stock Option Plan (Version October&nbsp;2007)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Performance Stock Option Plan for Senior and
Executive Management (version 1)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Performance Share Plan for Senior and Executive
Management (version 1)*</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions for Incentive
or New Hire Options Granted to Employees under the ASML Stock Option Plan (Version October&nbsp;2007)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Incentive Stock Option Plan for Employees (version 1)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Incentive Share Plan for Employees (version 1)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terms and Conditions of the ASML Restricted Stock Plan (version 2)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Robert F. Roelofs regarding the legality of the securities being registered*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Deloitte Accountants B.V.*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Robert F. Roelofs (included in his opinion filed as Exhibit&nbsp;5.1)*</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on the signature page of this Registration Statement)*</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Filed herewith</TD>
</TR>

</TABLE>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.3
<SEQUENCE>2
<FILENAME>u56110exv4w3.htm
<DESCRIPTION>EXHIBIT 4.3
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;4.3
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="u56110u5611001.gif" alt="(ASML LOGO)">
</DIV>


<DIV align="left" style="font-size: 18pt; margin-top: 12pt"><B>Terms and Conditions</B>
</DIV>


<DIV align="left" style="font-size: 14pt; margin-top: 6pt">For Incentive or New Hire Options granted to<BR>
Senior and Executive Management<BR>
under the ASML Stock Option Plan<BR>
(Version October&nbsp;2007)

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">044 070309 JHak TC

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>TABLE OF CONTENTS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" align="left">Related documents</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;1
&#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Definitions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;2
&#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Scope and Object</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;3 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Acquisition of Options</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;4 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Acceptance of the Options</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;5 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Option Period</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;6 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Exercise Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;7 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Transferability of the Option</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;8 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Exercise of the Option</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;9 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Dilution of Capital</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;10 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Taxes and Costs</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;11 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Prevention of Insider Trading</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;12 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Notices</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;13 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Disputes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;14 &#151;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Amendments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Related documents</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In these Option Conditions reference is made to the following documents:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ASML Stock Option Plan (version 2)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ASML Insider Trading Rules</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These documents may be consulted on the ASML Intranet.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="5" align="left"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">2 of 10</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">UNDER THE ASML STOCK OPTION PLAN &#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">044 070309
&#151; 8 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;1 &#151; Definitions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In these Option Terms and Conditions and in related documents, the following terms shall have the
meanings as defined in this Article, unless explicitly stated otherwise.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ASML
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASML Holding N.V., having its business address at
De Run 6501 in Veldhoven;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ASML Group Company
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book
2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective
of the place where it has its registered office;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date of Grant
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which the Option is granted in writing, which date is fixed at October
19<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2007;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Embargo Period
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period from October&nbsp;19<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2007 up to and including October&nbsp;18th, 2010;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Employee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a natural person who on the Date of Grant is employed by ASML in job grades 92 through 95
and who is on her or an ASML Group Company&#146;s payroll on that date;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Employer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASML or ASML Group Company that employs Employee on the Date of Grant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exercise Price
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the price for which Option Holder may acquire one Share upon the exercise of one Option;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a right granted by Employer to Option Holder to acquire one Share at the end of the Option
Period or the Revised Option Period against payment of the Exercise Price during the Option
Period. Options granted to United States residents or citizens will give such Option
Holders the right to acquire Shares quoted on the NASDAQ while Options granted to all other
Option Holders will give the right to acquire Shares quoted on the AEX;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option Conditions
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the present Terms and Conditions for Incentive or New Hire Options granted to Senior and
Executive Management under the ASML Stock Option Plan &#151; version October</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS <BR>
GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">3 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">UNDER THE ASML STOCK OPTION PLAN &#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 8 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2007, including any modifications subsequently introduced
herein in conformity with the same;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option Holder
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the holder of an Option, being the person to whom an Option has been granted in writing and who
at the time of granting of such Option is an Employee of ASML or who has become the holder of
such Option by virtue of being Employee&#146;s heir;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option Period
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period during which the Option may be exercised;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option Rules
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced
therein in conformity with the same, on which these Option Conditions are based;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Revised Option Period
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the applicable Option Period for all &#151; or a part of &#151; the Options after approval by Employer
of a request by Option Holder as mentioned in Article&nbsp;8;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Share
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of
ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ
Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder
by exercising an Option granted under these Option Conditions;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Termination for Cause
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cause shall mean (i)&nbsp;any act of personal dishonesty taken by Employee in connection with his or
her responsibilities as Employee and intended to result in a personal enrichment of Employee,
(ii)&nbsp;conviction of a felony, (iii)&nbsp;a willful act by Employee that constitutes gross misconduct
and is injurious to Employer, and (iv)&nbsp;continued violations by Employee of his or her
obligations to Employer which are demonstrably willful and deliberate on his or her part after
(a)&nbsp;there has been delivered to Employee a written demand for performance from Employer that
describes the basis for the belief that he or she has not substantially
performed his or her duties set forth in specific goals to
cure such defaults, and (b)&nbsp;he or she has been given 30
(thirty)&nbsp;days during which he or she has been unable to</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS <BR>
GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">4 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">UNDER THE ASML STOCK OPTION PLAN &#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 8 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">cure such failure to perform his or her duties. For
Employees who are resident in the Netherlands, the term
Cause shall have the meaning as stated in section 7:677 in
conjunction with section 7:678 of the Dutch Civil Code at
that time.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The terms defined above in the singular or in the plural shall also comprise the plural and vice
versa, unless in the case concerned it can be inferred otherwise from the text of the Option
Conditions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;2 &#151; Scope and Object</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These Option Conditions are part of the Option Rules and contain the terms and conditions that are
applicable to Option Holder pursuant to Article&nbsp;IV of the Option Rules.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Option Holder is aware of the fact that the value of the shares may fluctuate, and that ASML does
not guarantee that Option Holder shall derive any benefit from the Options granted under this ASML
Stock Option Plan &#151; version October&nbsp;2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Nothing in these Option Conditions or related documents by themselves or in combination shall be
construed as an expressed or implied contract of employment or a guarantee of continued future
employment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;3 &#151; Acquisition of Options</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Employee is granted Options under these Option Conditions on the Date of Grant by Employer. The
Options are granted in writing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;4 &#151; Acceptance of the Options</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Options shall be granted under the dissolving condition that within 10 (ten)&nbsp;days after
the Date of Grant, Employee does not inform Employer in writing that Employee does not wish
these Options to be granted to Employee;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By not rejecting the grant as described in paragraph 1 of this Article, Employee accepts all
of the Options granted pursuant to these Option Conditions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Effective from the Date of Grant an Option Agreement will come into existence, unless
Employee has rejected the Options as described in paragraph 1 of this Article.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS <BR>
GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">5 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">UNDER THE ASML STOCK OPTION PLAN &#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 8 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;5 &#151; Option Period</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Option Period shall be 10 (ten)&nbsp;years, counting from the Date of Grant and shall thus end
on October&nbsp;18<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2017;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options may only be exercised within the Option Period;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options that have not been exercised within the Option Period shall lapse after the
expiration of the Option Period;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period
may be extended under the circumstances as referred to in Article&nbsp;8.5 by a maximum period of
12 (twelve)&nbsp;months.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;6 &#151; Exercise Price</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML Share on
the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands on the Date of Grant. For United States residents
or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar
Exercise Price by taking the Exercise Price defined in the first sentence of this Article and
applying the Euro &#151; United States Dollar exchange rate fixing on the Allocation Date as performed
by the European Central Bank at or around 14.00 hours C.E.T.;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;7 &#151; Transferability of the Option</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Option shall be strictly non-transferable and may not be encumbered with a pledge;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Devolution by last will or hereditary succession pursuant to the statutory provisions shall,
however, not vitiate the Option;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Option Holder shall not be permitted to conclude any transaction in relation to the Options
on Euronext, Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any
other stock exchange;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event of Option Holder acting in contravention of the provisions of this Article, the
Options of such Option Holder shall lapse.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS <BR>
GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">6 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">UNDER THE ASML STOCK OPTION PLAN &#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 8 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;8 &#151; Exercise of the Option</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Options may only be exercised on the last day of the Option Period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the request of Option Holder the Option Period may be shortened for all or part of the
Options. The Revised Option Period will then replace the Option Period for part or all the
Options, whichever the request may be. On the last day of the Revised Option Period Option
Holder may exercise the Options for which Option Holder has requested the Revised Option
Period. In the written request Option Holder is required to notify Employer of the requested
end date of the Revised Option Period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A written request for a Revised Option Period during the Embargo Period shall not be honoured
by Employer.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Options may be exercised only in accordance with established ASML procedures existing at
the time of exercise;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct
concerning Insider Information&#148;, as in force at the time of exercising;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (i)&nbsp;death, or (ii)&nbsp;incapability to act, the Options may be exercised during the
entire Option Period, after the Embargo Period has expired. In case the remaining Option
Period, measured from the moment of termination for aforementioned reasons, consists of less
than 12 (twelve)&nbsp;months, the Option Period will be extended such that the remaining Option
Period will be at least 12 (twelve)&nbsp;months counting from the date of the termination.
Therefore, if the date of termination for reasons mentioned in the first sentence of this
Article, falls within 12 (twelve)&nbsp;months before the end of the Option Period as defined in
Article&nbsp;5.1, the Option Period will effectively be prolonged beyond the period as defined in
Article&nbsp;5.1;</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (iii)&nbsp;retirement or (iv)&nbsp;occupational disability (within the meaning of the
Dutch Disablement Benefits Act <I>&#091;Wet op de Arbeidsongeschiktheids-verzekering&#093;</I>), the
Options may be exercised during the entire Option Period, after the Embargo Period has
expired;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">Retirement for these Option Conditions is defined as (a)&nbsp;leaving the employment of
Employer at the age of 55 (fifty five) years or later in case Employee is eligible to
(early)&nbsp;retirement payments paid by a State, Federal or private pension fund, or (b)
leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to
(early)&nbsp;retirement payments paid by a State, Federal or private pension fund.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS <BR>
GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">7 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">UNDER THE ASML STOCK OPTION PLAN &#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 8 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions
in case Employee leaves the employment of Employer at the age of 55 (fifty five) years
after 10 (ten)&nbsp;years of continued employment with ASML, ASML Group Company or her legal
predecessors. For every additional year in excess of 55 (fifty five) years of age,
Employee is required to have one year less of continued employment, until the age of 65
(sixty five) years. Employee is deemed to retire for these Option Conditions in case
Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or
less years of continued employment with ASML, ASML Group Company or her legal
predecessors. Paragraph&nbsp;9 of Article&nbsp;8 is not applicable;
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If, during the Option Period, Employee is terminated for Cause by Employer or Employee is
terminated by Employer on account of another reason imputable to Employee, regardless of
whether employment activities have been terminated, any Options not yet exercised shall lapse
forthwith. All Options that have thus become null and void will do so without Option Holder
being entitled to any compensation in this respect from Employer or another ASML Group
Company. Paragraph&nbsp;9 of Article&nbsp;8 is not applicable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer for
reasons other than those mentioned in paragraph 6 or 7 of Article&nbsp;8, without immediate
re-employment of Employee by Employer or another ASML Group Company, all Options granted which
are not exercised at the time of termination of the employment relationship shall lapse
forthwith, insofar as paragraph 9 of Article&nbsp;8 is not applicable. All Options that have thus
become null and void will do so without Option Holder being entitled to any compensation in
this respect from Employer or another ASML Group Company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer as
described in paragraph 8 of Article&nbsp;8, other than being voluntary termination by Employee, the
following &#147;90&nbsp;day rule&#148; will apply.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The &#147;90&nbsp;day rule&#148; determines that exercisable options may be exercised for a period 90
days from the Date of Notice, the Date of Notice being the date on which the Formal Notice
Period commences. In the absence of a Formal Notice Period exercisable options may be
exercised for 90&nbsp;days from the Date of Termination, the Date of Termination being the date
on which the employment relationship between Employee and Employer is terminated. Options that become exercisable after the expiration of the
embargo period during the 90&nbsp;day period may be exercised until the end of the 90&nbsp;day
period as stipulated in this paragraph.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS <BR>
GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">8 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">UNDER THE ASML STOCK OPTION PLAN &#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 8 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Options may be exercised by Option Holder for the total number allocated or in tranches
of 100 or multiples thereof (with the exception of the last tranche), with the provision that
each exercise must take place within the Option Period, provided such exercise is not in
conflict with the provisions of Article&nbsp;11.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;9 &#151; Dilution of Capital</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If at any time the issued capital of ASML increases, for instance as a result of (i)&nbsp;a
resolution to issue shares with a pre-emption right for the holders of the Shares at that time
outstanding, (ii)&nbsp;a stock dividend, or (iii)&nbsp;a capitalisation of reserves, the Exercise Price
and/or the number of Options allocated may be adjusted in such a manner as the Board of
Management shall then decide;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The adjustments by the Board of Management as referred to in Article&nbsp;9.1 shall be binding
after an independent accountant, and member of the Netherlands Institute for Registered
Accountants <I>&#091;Nederlands Instituut voor Register Accountants&#093;, </I>has issued a certificate stating
that the adjustments have been determined in a reasonable manner. Adjustment of the Exercise
Price and or the number of Options shall take place on the day preceding the day on which
notice was given of the aforementioned resolutions. Any tax and/or social insurance
contributions payable as a result of the above shall be for the account of Option Holder;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An adjustment of the Exercise Price and/or the number of Options allocated and the
computation upon which the same are based shall be notified as soon as possible to Option
Holder in writing.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;10 &#151; Taxes and Costs</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All taxes and/or social insurance contributions payable as a result of the Options allocated
and/or as a result of Option being owned and/or exercised by Option Holder or Option Holder&#146;s
heirs, including possible consequences of an amendment of the Option Conditions, shall be
entirely for the account of Option Holder or Option Holder&#146;s heirs as the case may be;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Option Holder, or Option Holder&#146;s heirs as the case may be, shall be liable for all the costs
relating to the exercise of Options, including but not limited to costs charged by stock
brokers in connection with the acquired Shares resulting from the exercise of Options and the
contiguous sale of such Shares;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for
the account of ASML.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS <BR>
GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">9 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">UNDER THE ASML STOCK OPTION PLAN &#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 8 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;11 &#151; Prevention of Insider Trading</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Option Holder who, by not rejecting the Options granted as mentioned in Article&nbsp;4, accepts the
Option Conditions, shall at the same time, be deemed to accept the applicable &#147;ASML Rules of
Conduct concerning Insider Information&#148; and to act accordingly.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;12 &#151; Notices</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notices which must be given by ASML to Option Holder pursuant to or in connection with the
Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to
the address of Option Holder as recorded in the Human Resources &#038; Organisation Staff Records
of the ASML Group Company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notices which must be given by Option Holder to ASML pursuant to or in connection with the
Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to
the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML
Stock Option Administrator.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;13 &#151; Disputes</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Option Rules, the Option Conditions, the annexes thereto, and all further documents
relating to the Option Rules and/or the Option Conditions shall be governed by the laws of the
Netherlands;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and
further documents relating to the Option Rules and/or the Option Conditions, shall in the
first instance, be settled by the District Court of Eindhoven.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;14 &#151; Amendments</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the power to amend the Option Rules and/or Option
Conditions or add further provisions to the same at any time;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Option Holder shall be informed of any amendments or measures as referred to in this Article
in good time, in writing.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS <BR>
GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">10 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">UNDER THE ASML STOCK OPTION PLAN &#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 8 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
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<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.4
<SEQUENCE>3
<FILENAME>u56110exv4w4.htm
<DESCRIPTION>EXHIBIT 4.4
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.4</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;4.4
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="u56110u5611001.gif" alt="(ASML LOGO)">
</DIV>


<DIV align="left" style="font-size: 14pt; margin-top: 12pt">Terms and Conditions of the<br>
ASML Performance Stock Option Plan<br>
For Senior and Executive Management<br>
(version 1)
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Contents</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" align="left">Related documents</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Definitions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Interpretation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Scope and Object</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Grant of Options</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Option Period</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exercise Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-transferability of the Option</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exercise of Options</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Conditions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Termination of employment</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Variation of capital</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tax, social security and costs</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Prevention of Insider Trading</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notices</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Governing Law and Disputes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Related documents</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In these terms and conditions reference is being made to the ASML Insider Trading Rules&nbsp;2005, as
amended from time to time (the &#145;ASML Insider Trading Rules&#146;). This document can be consulted on the
ASML Intranet. In case of the absence of access to the ASML Intranet, the Employee will be provided
with a hard copy of this document.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">2 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;1 Definitions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the terms and conditions of this Plan and in the related documents, the following terms and
expressions shall have the meanings as set out and below, unless explicitly stated otherwise:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Adoption Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which this Plan is adopted by the Board of Management;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Articles of Association</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the articles of association of the Company
as amended from time to time;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Board of Management</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of directors of the Company as
mentioned in Article&nbsp;13 of the Articles of
Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Choice Form</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the form used by Employee on which he
indicates whether he wishes to participate
in the Performance Stock Option Plan for
Senior and Executive Management and/or
Performance Share Plan for Senior and
Executive Management, which form is
submitted to the Company duly signed before
the Date of Award.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASML Holding N.V., having its registered
seat at De Run 6501, 5504 DR Veldhoven, The
Netherlands, registered with the Chamber of
Commerce (<I>Kamer van Koophandel</I>) of
Oost-Brabant under registration number
17085815;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Confirmation Letter of Vesting</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the notification in respect of the number
of Options that becomes exercisable per the
Vesting Date, at the end of the Embargo
Period;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Date of Grant</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which an Option is granted to a
Participant, which shall be the date
specified in the Option Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Embargo Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period following the Date of Grant as
specified in the Option Agreement, in which
an Option cannot be exercised;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Employee</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a natural person who is employed by the
Company in job grades 92 through 95 on the
Date of Grant and who is on her or a Group
Company&#146;s payroll on that date;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Employer</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the Company or Group Company which employs
Employee on the Date of Grant;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">3 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Exercise Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period following the Embargo Period in which an
Option can be exercised in accordance with Article&nbsp;8;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Exercise Price</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the price at which the Participant may acquire one Share
upon the exercise of one Option, which is determined in
accordance with Article&nbsp;6;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Expiration Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the last day of the Option Period, being the last day on
which the Option can be exercised as specified in the
Option Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>General Meeting</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the general meeting of shareholders as mentioned in
Article&nbsp;27 of the Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Group Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an affiliated company of the Company, which affiliation
is determined by section 24c of Book 2 of the Dutch Civil
Code, irrespective of the jurisdiction of such company
and irrespective of the place where it has its registered
office;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Option</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a right granted by the Company to the Participant to
acquire one Share during the Exercise Period for payment
of the Exercise Price. Options granted to United States
residents or citizens will give such Participants the
right to acquire Shares quoted on the NASDAQ Global
Select Market, while Options granted to all other
Participants will give the right to acquire Shares quoted
on the NYSE Euronext;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Option Agreement</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the signed written agreement, including all annexes
thereto, if any, between the Participant and the Company,
setting forth the terms and conditions of the Options in
accordance with Article&nbsp;4;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Option Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period in which the Option remains valid beginning at
the Date of Grant and ending per the Expiration Date as
specified in the Option Agreement in accordance with
Article&nbsp;5.1;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Option Rules</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the ASML Stock Option Plan (version 2) including any
modifications subsequently introduced therein, on which
this Plan is based;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Participant</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an Employee of the Company or of any Group Company to
whom an Option has been granted under the terms and
conditions of this Plan or the heirs of such Employee;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">4 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Conditions</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the performance conditions attached to the
grant of an Option as set out in the annex
to the Option Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period, as stipulated in the Option
Agreement, comprising one (1)&nbsp;calendar
year, being the calendar year following
the year in which the Date of Grant falls,
over which period the fulfilment of the
Performance Condition is measured in
accordance with Article&nbsp;9;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Plan</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the terms and conditions of the ASML
Performance Stock Option Plan for Senior
and Executive Management including the
Option Agreement and the Confirmation
Letter of Vesting in its present form or
as amended from time to time in accordance
with the provisions hereof;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Scheme Audit</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">objective determination of the fulfilment
of any conditions under this Plan, by the
Company&#146;s auditor or an expert acting
independently as appointed by the Board of
Management;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Share</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an ordinary share in the capital of the
Company, having a nominal value of EUR
0.09 (nine eurocents) or any other nominal
value such Share may have in the future;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Stock Exchange</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the stock exchange of NYSE Euronext at
Amsterdam, The Netherlands, or the NASDAQ
Global Select Market, New York City, New
York, United States of America;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Supervisory Board</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of supervisory directors of the
Company as mentioned in Article&nbsp;20 of the
Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Termination for Cause</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall have the meaning as stated in
section 7:677 in conjunction with section
7:678 of the Dutch Civil Code at that time
or have the meaning as defined in any
other jurisdiction to which a Participant
may be subject;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Vesting</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Options become exercisable<B>, </B>and</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Vesting Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date upon which the Options underlying
the grant become exercisable.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;2 Interpretation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Words or expressions used in the Plan shall where appropriate:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the masculine gender include the feminine and vice versa;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the singular include the plural and vice versa;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">5 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment be construed as a reference to that enactment as for the
time being consolidated, amended, re-enacted or replaced and shall include any regulations
made there under;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when a period of time is specified and starts from a given day or the day of an act or event
or ends on a given day, be calculated inclusive of that day;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be construed such that the headings and sub-headings are for ease of reference only, and do
not affect the interpretation of any Article;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment or regulations under Dutch law, be construed at the
discretion of the Board of Management as a reference to other applicable laws or regulations
of any other country (or region of a country), unless mentioned otherwise; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>references to tax and/or social security contributions and/or withholding taxes shall for
the avoidance of doubt include The Netherlands and any other jurisdiction to which a
Participant may be subject.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;3 Scope and Object</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Plan forms part of the Option Rules and contains the terms and conditions that are applicable
to the Participant pursuant to Article&nbsp;IV of the Option Rules.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;4 Grant of Options</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A grant of Options can be made quarterly two days after the date of publication of the
Company&#146;s financial results, in accordance with a consistent policy regarding frequency,
timing and terms and conditions, and subject to the ASML Insider Trading Rules and applicable
mandatory provisions regarding insider trading, as amended from time to time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each grant shall be evidenced by an Option Agreement concluded between the Participant and
the Company, setting forth the terms and conditions pertaining to such grant. By signing the
Option Agreement or associated Choice Form the Participant acknowledges that he has read the
Plan and the ASML Insider Trading Rules and declares that he fully understands and will fully
comply with the provisions of the Plan and the ASML Insider Trading Rules.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Option Agreement shall specify, inter alia, the number of Options granted, the Date of
Grant, the Option Period, the Embargo Period, the Exercise Period, the Exercise Price, the
Performance Condition, the Performance Period and all such other information as required by
the terms and conditions of this Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Participant wishes to participate in the Plan, he is required to return a signed copy
of the Choice Form before the Date of Grant or the Option Agreement to the Company within one
(1)&nbsp;calendar month following the date on which the Option Agreement has been signed by the
Company as stated in the Option Agreement. Option Agreements or Choice Forms signed and
returned before the due date will be considered accepted by the Participant on the date the
Option Agreement has been signed by the Company.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">6 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>



<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except for the payment provisions as set out in Article&nbsp;13, no consideration shall be payable
by a Participant for the grant of an Option made for his benefit.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;5 Option Period</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Option Period shall be a period of ten (10)&nbsp;years commencing on the Date of Grant as
specified in the Option Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options may only be exercised within the Exercise Period following the expiry of the Embargo
Period as specified in the Option Agreement in accordance with the provisions of Article&nbsp;8 of
this Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options that have not been exercised within the Exercise Period shall lapse on the day
following the Expiration Date and become null and void.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period
may be extended under the circumstances as referred to in Article&nbsp;9.5 by a maximum period of
12 (twelve)&nbsp;months.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;6 Exercise Price</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Exercise Price shall be equal to the closing price &#145;cum dividend&#146; of a Share on the NYSE
Euronext Stock Exchange, Amsterdam, The Netherlands on the Date of Grant. For United States
residents or citizens, the EUR (euro)&nbsp;denominated Exercise Price will be converted into a USD
(United States dollar) Exercise Price by taking the Exercise Price defined in the first sentence of
this Article and applying the EUR&#151;USD exchange rate fixing on the Date of Grant as published by
the European Central Bank at or around 14.00 hours C.E.T.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;7 Non-transferability of the Option</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Option granted is strictly personal and non-transferable. No Option shall be capable of being
sold, transferred or assigned by the Participant other than in a manner specified in the Plan and
the Option cannot be charged, pledged, encumbered or otherwise used for the purpose of creating
security title or interest of whatever nature.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;8 Exercise of Options</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Article&nbsp;10, Options are exercisable at any time during the
Exercise Period, provided that the Participant is employed by the Company or any Group Company
on the last day of the Embargo Period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options may be exercised only in accordance with established ASML procedures existing at the
time of exercise.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
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    <TD>&nbsp;</TD>
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</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When exercising Options the Participant must comply with the ASML Insider Trading Rules, as
in force at the time of exercise.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options may be exercised by the Participant for the total number of underlying Shares or in
tranches of 100 or multiples thereof (with the exception of the last tranche), with the
provision that each exercise must take place within the Exercise Period, provided such
exercise is not in conflict with the provisions of Article&nbsp;14.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;9 Conditions</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the authority and complete discretion to impose any
Performance Conditions, being conditions and limitations in addition to any conditions and
limitations contained in this Plan which must be achieved during a certain period in order for
the Option to become exercisable, provided that such additional conditions and limitations
shall:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be objective and are specified in the Option Agreement; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be such that the grant of the Option after the Scheme Audit and the
fulfilment or attainment of any conditions and limitations so specified shall not be
dependent upon the further discretion of any person, other than the determination by
the Board of Management that such conditions or limitations have been fulfilled based
on the Scheme Audit; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not be capable of amendment, variation or waiver unless a major change in
the organisation and/or the market and/or business circumstances occurs which causes
the Board of Management to consider that a waived, varied or amended condition would
be a fairer measure and would not be more difficult nor easier to satisfy than any
existing additional conditions.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Article&nbsp;10, the Options will become exercisable upon the
Vesting Date stated in the Option Agreement provided that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Performance Conditions imposed on the grant in accordance with Article
9.1 have, based on the Scheme Audit, been fulfilled and attained at the end of the
Performance Period;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Embargo Period has ended; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Participant is employed within the Group at the Vesting Date.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Where necessary or desirable for the administration of the Plan, the Board of Management
shall establish operating guidelines regarding, inter alia, Performance Conditions and the
procedure for arranging, operating and completing the Scheme Audit. Participants are
deemed to comply with these operating guidelines where applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Promotion, demotion or transfers within the Company or Group Company of a Participant at any
time during the Embargo Period shall not affect any Option nor shall it affect the fulfilment
of any Performance Conditions attached to any Option granted.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
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    <TD>&nbsp;</TD>
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</DIV>


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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;10 Termination of employment</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer for
reasons other than those mentioned in Articles 10.3 to 10.5, without immediate re-employment
of Employee by Employer or another Group Company, all Options granted which are not exercised
at the time of termination of the employment relationship shall lapse forthwith, insofar as
Article&nbsp;10.2 is not applicable. All Options that have thus become null and void will do so
without Participant being entitled to any compensation in this respect from Employer or
another Group Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer as
described in Article&nbsp;10.1, other than being voluntary termination by Employee, the following
&#147;90 Day Period Rule&#148; will apply.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;90 Day Period Rule&#148; determines that exercisable options may be exercised for a period
90&nbsp;days from the Date of Notice. The &#147;Date of Notice&#148; for this Article being the date on
which the Formal Notice Period commences. In the absence of a Formal Notice Period
exercisable options may be exercised for 90&nbsp;days from the Date of Termination. The &#147;Date
of Termination&#148; for this Article being the date on which the employment relationship
between Employee and Employer is terminated. Options that become exercisable after the
expiration of the Embargo Period during the 90&nbsp;day period may be exercised until the end
of the 90&nbsp;day period as stipulated in this paragraph.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If, during the Option Period, Employee is terminated for Cause by Employer, regardless of
whether employment activities have been terminated, any Options not yet exercised on the Date
of Notice, or in the absence of a Date of Notice the Date of Termination, shall lapse
immediately and become null and void. All Options that have thus become null and void will do
so without Participant being entitled to any compensation in this respect from Employer or
another Group Company. Article&nbsp;10.2 is not applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (i)&nbsp;death, or (ii)&nbsp;incapability to act, the Options may be exercised during the
entire Option Period as per the Date of Termination or as per the end of the Performance
Period, whichever is latest. In case the remaining Option Period, measured from the Date of
Termination for aforementioned reasons, consists of less than 12 (twelve)&nbsp;months, the Option
Period will be extended such that the remaining Option Period will be at least 12 (twelve)
months counting from the Date of Termination. Therefore, if the Date of Termination for
reasons mentioned in the first sentence of this Article, falls within 12 (twelve)&nbsp;months
before the end of the Option Period as defined in Article&nbsp;5.1, the Option Period will
effectively be prolonged beyond the period as defined in Article&nbsp;5.1. Article&nbsp;10.2 is not
applicable.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="48%"></TD>
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    <TD width="48%"></TD>
</TR>
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<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
</TD>
    <TD>&nbsp;</TD>
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</DIV>


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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (iii)&nbsp;retirement or (iv)&nbsp;occupational disability (within the meaning of the Dutch
&#147;Work and Income according to Capacity to Work&#148; Act <I>&#091;Wet Werk en Inkomen naar
Arbeidsvermogen&#093;</I>), the Options may be exercised during the entire Option Period, after the
Embargo Period has expired.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Retirement for this Plan is defined as (a)&nbsp;leaving the employment of Employer at the age
of 55 (fifty five) years or later in case Employee is eligible to (early)&nbsp;retirement
payments paid by a State, Federal or private pension fund, or (b)&nbsp;leaving the employment
of Employer under the &#147;Rule of 65&#148; without being eligible to (early)&nbsp;retirement payments
paid by a State, Federal or private pension fund.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions
in case Employee leaves the employment of Employer at the age of 55 (fifty five) years
after 10 (ten)&nbsp;years of continued employment with ASML, Group Company or her legal
predecessors. For every additional year in excess of 55 (fifty five) years of age,
Employee is required to have one year less of continued employment, until the age of 65
(sixty five) years. Employee is deemed to retire for these Option Conditions in case
Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or
less years of continued employment with ASML, Group Company or her legal predecessors.
Article&nbsp;10.2 is not applicable.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;11 Variation of capital</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Article&nbsp;7, in the event of a share split, reverse share split, any capitalisation
issue (other than a capitalisation issue in substitution for, or as an alternative to, a cash
dividend), or rights issue or rights offer or any reduction, sub-division, consolidation or
other variation of the capital of the Company affecting the number of Options in issue
(including any change in the currency in which Options are denominated), the number of Options
subject to any grant may be adjusted by the Company without prejudice (including retrospective
adjustments where appropriate) in such manner as the Company considers to be in its opinion
fair and reasonable, however, in no event shall the Company be obliged to make such
adjustment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notice of any adjustment shall be given by the Company to those Participants affected by such
adjustment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;12 Tax, social security and costs</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All applicable personal tax and employee social security contributions as a result of or in
respect of the implementation of the Plan shall be borne by the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It shall be the obligation of the Company to issue or to procure the grant of the Options
to the Participant and the Participant shall permit the Company or any Group Company to
withhold and account for an amount equal to any wage or income tax, employee&#146;s social</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="48%"></TD>
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    <TD width="48%"></TD>
</TR>
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<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">10 of 12</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">security contributions liability and any other liabilities for which the Company or a
Group Company as the case may be, has an obligation to withhold and account.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Whenever Options are to be granted under the Plan, the Company or any Group Company may
require the Participant to remit to the Company or a Group Company or upon the request of the
Participant to deduct as a one-off payment from the net salary or the net annual bonus (if
any) of the Participant, an amount sufficient to satisfy all withholding tax requirements at
the time of the exercise, including, but not limited to, the withholding of wage tax, income
tax and employee social security contributions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan is based on the applicable tax and social security legislation and regulations
prevailing at the Adoption Date. If any tax and/or social security legislation or regulations
are amended after the Adoption Date and any tax or employee social security contributions
become payable, the costs and risks related thereto shall be borne by the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the avoidance of doubt, the provisions of Articles 12.1 to 12.4 shall apply to a
Participant&#146;s liabilities that may arise on the exercise in more than one jurisdiction.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Participant shall be liable for all costs relating to the exercise of the Option
including but
not limited to costs charged by stock brokers in connection with the Shares acquired
following the exercise of the Options and subsequent sale of such Shares.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Costs relating to the issue of new and/or transfer of existing Shares following the exercise
of Options shall be for the account of the Company.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;13 Prevention of Insider Trading</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Participant who signs the Option Agreement shall at the same time be deemed to accept the
applicable ASML Insider Trading Rules and act accordingly.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;14 Notices</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notices which must be given by the Company to the Participant pursuant to or in connection
with the Option Rules and/or the Plan shall be regarded as correctly addressed if sent to the
address of the Participant as recorded in the Human Resources and Organization Staff
Records Department of the Company or any other address as may appear to the Company
to be appropriate, or by e-mail message or in any other format agreed in advance between
the Participant and the person giving the notice on behalf of the Board of Management.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any notice or other document required to be given to the Company or the Board of Management
shall be delivered in a format agreed in advance between the Participant and
the person receiving the notice. Notices sent by post, unless received earlier, shall be
deemed to have been given on the fifth day following the date of posting.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
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<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">11 of 12</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Stock Option Plan for Senior and Executive Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;15 Governing Law and Disputes</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Plan, including its formation, existence, construction, performance, validity and all
aspects whatsoever of the Plan, any term of the Plan and Grant made under it, shall be
governed by the law of The Netherlands, except where mandatory local law shall apply. The
Company and the Participants irrevocably submit, in respect of any suit, action or proceeding
related to the interpretation or enforcement of the Plan, to the exclusive jurisdiction of the
District Court of &#145;s-Hertogenbosch, The Netherlands .</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The decision of the Board of Management in any dispute or question relating to any Award
shall be final and conclusive subject to the terms and conditions of this Plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;16 Amendments</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the power to amend the Option Rules and/or the Plan or add
further provisions to the same at any time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Participant shall be informed in writing of any amendments or measures as referred to
in this Article.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">***
</DIV>

<DIV align="center">
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<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Senior and Executive Management &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">12 of 12</TD>
</TR>
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</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.5
<SEQUENCE>4
<FILENAME>u56110exv4w5.htm
<DESCRIPTION>EXHIBIT 4.5
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.5</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;4.5
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="u56110u5611001.gif" alt="(ASML LOGO)">
</DIV>


<DIV align="left" style="font-size: 14pt; margin-top: 12pt">Terms and Conditions of the<BR>
ASML Performance Share Plan<BR>
for Senior and Executive Management<BR>
(version 1)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Contents</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 1</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">DEFINITIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 2</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">INTERPRETATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 3</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">LAPSE OF AWARDS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 4</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AVAILABILITY OF SHARES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 5</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">POWERS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 6</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">NON-TRANSFERABILITY OF THE SHARES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 7</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AWARDS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 8</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">CONDITIONS FOR RELEASE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 9</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">RELEASE OF AWARDS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 10</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">TERMINATION OF EMPLOYMENT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 11</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">SHAREHOLDER RIGHTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 12</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">TAX, SOCIAL SECURITY AND COSTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 13&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">REPORTING OBLIGATIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 14&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">VARIATION OF CAPITAL</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 15&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">PLAN AMENDMENTS, TERMINATION AND SPECIAL PROVISIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 16&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">NOTIFICATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 17&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">DISPUTES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" nowrap>ARTICLE 18&nbsp;&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">GOVERNING LAW</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Related document</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In these terms and conditions reference is being made to the ASML Insider Trading Rules&nbsp;2005, as
amended from time to time (the &#145;ASML Insider Trading Rules&#146;). This document can be consulted on the
ASML Intranet. In case of the absence of access to the ASML Intranet, the Employee will be provided
with a hard copy of this document.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">2 of 13</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;1 Definitions</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the terms and conditions of the Plan and in the related document, the following words and
expressions shall have the meanings set out below, unless explicitly stated otherwise:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Adoption Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which this Plan is adopted by the Board of Management;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Articles of
Association </B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the articles of association of the Company as amended from time to time;
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>
 Award</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
the award of Performance Shares under the terms and conditions of the Plan and the
corresponding Award Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>











<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Award Agreement</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the signed written agreement, including all annexes thereto, between the Participant
and the Company, setting forth the terms and conditions of the Award in accordance
with Article&nbsp;7;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Award Letter</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the notification of an Award in accordance with Article&nbsp;7;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Board of Management</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of directors of the Company as mentioned in
article 13 of the Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Choice Form</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the form used by Employee on which he indicates whether he wishes to participate in
the Performance Stock Option Plan for Senior and Executive Management and/or
Performance Share Plan for Senior and Executive Management, which form is submitted
to and received by the Company duly signed before the Date of Award;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASML Holding N.V., having its registered seat at De Run 6501, 5504 DR Veldhoven, The
Netherlands, registered with the Chamber of Commerce (<I>Kamer van Koophandel</I>) of
Oost-Brabant under registration number 17085815;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Confirmation Letter of Release</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the notification in respect of the number of Shares that is being released to the
Participant at the Release Date;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Date of Award</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which an Award is made to a Participant, which shall be the date
specified in the Award Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Embargo Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period following the Date of Award as specified in the Award Agreement, in which
an Award cannot be transferred;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">3 of 13</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Employee</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a natural person who on the Date of Award is employed by the
Company in job grades 81 through 91 and who is on her or a Group
Company&#146;s payroll on that date;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Employer</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the Company or Group Company which employs Employee on the Date of Award;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>General Meeting</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the general meeting of shareholders of the Company as mentioned in article 27 of
the Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Group</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the Company and its Group Companies, as may be amended from time to time;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Group Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an affiliated company of the Company, in which the affiliation is determined
by section 24c of the Dutch Civil Code, irrespective of the jurisdiction of
such company and irrespective of the place where it has its registered office;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Participant</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an Employee of the Company or of any Group Company to whom an Award has been
made under the terms and conditions of this Plan or the heirs of such
employee;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Conditions</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">certain conditions or restrictions, the satisfaction or lapsing of which are
required in order for the Award to be Released on the applicable Release Date,
in accordance with the Plan and any Award Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period, as stipulated in the Award Agreement, comprising one (1)&nbsp;calendar
year being the calendar year following the year in which the Date of Award
falls, over which period the fulfilment of the Performance Conditions is
measured in accordance with Article&nbsp;8;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Share</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restricted Share that grants a Participant the right to receive Shares at the
Release Date, where such right is conditional upon (i)&nbsp;the fulfilment of the
Performance Conditions or (ii)&nbsp;the fulfilment of the Performance Conditions
and other vesting requirements, and in either case, any other applicable terms
and conditions of the Plan and the applicable Award Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Plan</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the terms and conditions of the ASML Performance Share Plan for Senior and
Executive Management including the Award Agreement and the Confirmation Letter
of Release in its present form or as from time to time amended in accordance
with the provisions hereof;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
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<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">4 of 13</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Release (or Released)</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the transfer (&#145;<I>levering&#146;</I>) of Shares to a Participant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Release Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date upon which the Shares underlying an Award are Released and
transferred to the Participant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Scheme Audit</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">objective determination of the fulfilment of any conditions attached to the
Award by the Company&#146;s auditor or an independent expert appointed by the Board
of Management;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Share</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an ordinary share in the capital of the Company, having a nominal value of EUR
0.09 (nine eurocents) or any other nominal value such Share may have in the
future;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Stock Exchange</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the stock exchange of Euronext Amsterdam, The Netherlands, or the NASDAQ Stock
Market New York City, New York, United States of America;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Supervisory Board</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of supervisory directors of the Company as mentioned in article
20 of the Articles of Association; and</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Termination for Cause</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall have the meaning as stated in section 7:677 in conjunction with section
7:678 of the Dutch Civil Code at that time or have the meaning as defined in
any other jurisdiction to which a Participant may be subject.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;2 Interpretation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Words or expressions used in the Plan shall where appropriate:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the masculine gender include the feminine and vice versa;<BR></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the singular include the plural and vice versa;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment be construed as a reference to that enactment as for the
time being consolidated, amended, re-enacted or replaced and shall include any regulations
made there under;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when a period of time is specified and starts from a given day or the day of an act or event,
be calculated inclusive of that day;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be construed such that the headings and sub-headings are for ease of reference only, and do
not affect the interpretation of any Article;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment or regulations under Dutch law be construed at the discretion
of the Board of Management as a reference to other applicable laws or regulations of any other
country (or region of a country), unless mentioned otherwise; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>references to tax and/or social security contributions and/or withholding taxes shall for
the avoidance of doubt include The Netherlands and any other jurisdiction to which a
Participant may be subject.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">5 of 13</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;3 Lapse of Awards</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Where under any of the provisions of the Plan or any Award Agreement it is provided that an Award
shall lapse, such lapsed Award shall cease to confer any rights whatsoever on the Participant
notwithstanding any other provisions of this Plan or any Award Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;4 Availability of Shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company shall at all times keep available sufficient authorised and un-issued Shares or shall
ensure that sufficient Shares are available for transfer to satisfy Release to the full extent
possible of all Awards that have neither lapsed nor been fully Released taking account of any
other obligations of the Company to procure for the Release of Shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;5 Powers</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan shall be adopted by the Board of Management. The Board of Management shall have such
powers and authority with respect to the execution of the Plan, as set out in the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the authority and complete discretion to decide, on an
annual basis and in accordance with a consistent policy regarding frequency, timing and terms
and conditions, to effect Awards and decide the number of Shares to be used to give effect to
such Awards.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan shall be administered by the Board of Management.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management, shall have the authority and complete discretion to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>select Employees to whom Awards may from time to time be granted hereunder;<BR></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>substitute new Awards for previously granted Awards;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adopt, alter and repeal such administrative rules, guidelines and practices
governing the Plan as it shall, from time to time, deem advisable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determine, for each Award, the Performance Conditions and/or vesting
requirements, other terms and conditions or other restrictions, if any, that will apply
to such Award;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>construe and interpret the provisions of the Plan, any Award, any Award
Agreement, any other agreement between Participant and the Company or any Group
Company, any Confirmation Letter of Release or other document executed pursuant to the
Plan or pursuant to any Award granted under the Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amend the terms of any Award granted before, prospectively or retroactively, to
the extent such amendment is consistent with the terms and conditions of the Plan,
including, but not limited to, accelerating the date on which restrictions lapse or to
deem any Performance Conditions or other restrictions satisfied; provided that no such
amendment or action shall impair the rights of any Participant without his consent,
except to the extent authorised under the Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determine and communicate, for each Award to which Performance Conditions,
time vesting or other restrictions apply, whether and to what extent the Performance</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">6 of 13</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Conditions, vesting conditions or other restrictions applicable to such Award have
been met, and, as a consequence, which number of Shares will be Released;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(viii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>authorise any person to execute on behalf of the Company, any instrument required to
effectuate an Award; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ix)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>make all other determinations deemed necessary or desirable for the
administration of the Plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to this Article&nbsp;5, the Board of Management&#146;s interpretation and construction of any
provision of the Plan, any Award Agreement, any other agreement between Participant and the
Company or any Group Company, any Confirmation Letter of Release or any other instrument
executed under the Plan, shall be final and binding on all persons claiming an interest in an
Award granted under the Plan. To the extent permitted by applicable law, no member of the
Board of Management, nor any officer or employee of the Group acting on behalf of the Board of
Management, shall be personally liable for any action, determination, or interpretation taken
or made in good faith with respect to the Plan, and all members of the Board of Management and
each and any officer or employee of the Group acting on their behalf shall, to the extent
permitted by law, be fully indemnified and protected by the Company in respect of any such
action, determination or interpretation.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;6 Non-Transferability of the Shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Award granted is strictly personal and non-transferable. No Award shall, during the Embargo
Period, be capable of being sold, transferred or assigned by the Participant other than in a manner
specified in the Plan and/or Award Agreement, and the Award cannot be charged, pledged, encumbered
or otherwise used for the purpose of creating security title or interest of whatever nature.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;7 Awards</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An award of Shares can be made quarterly two days after the date of publication of the
Company&#146;s financial results, in accordance with a consistent policy regarding frequency,
timing and terms and conditions, and subject to the ASML Insider Trading Rules and other
applicable mandatory provisions regarding insider trading, as amended from time to time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Award shall be evidenced by an Award Agreement concluded between the Participant and the
Company, setting forth the terms and conditions pertaining to such Award. By signing the Award
Agreement or associated Choice Form, the Participant acknowledges that he has read the Plan
and the ASML Insider Trading Rules and declares that he fully understands and will fully
comply with the provisions of the Plan and the ASML Insider Trading Rules.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Award Agreement shall specify the terms and conditions applicable to the Award, including,
without limitation, the Date of Award, the vesting schedule applicable to the Award, if any,
the Embargo Period, the Release Date and all such other information as required by the terms
and conditions of the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a Participant wishes to participate in the Plan, he is required to return a signed copy of
the Choice Form before the Date of Award of the Award Agreement to the Company within one (1)
calendar month following the date on which the Award Agreement has been signed by the Company.
Award Agreements or Choice Forms signed and returned before this due date will</TD>
</TR>

</TABLE>
</DIV>
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be considered accepted by the Participant on the date the Award Agreement was signed by the
Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Participant to whom an Award has been made under the Plan shall not have any rights with
respect to such Award, unless and until such Participant has executed an Award Agreement
evidencing the Award and has delivered a fully executed copy thereof to the Company, and has
otherwise complied with the then applicable terms and conditions. Unless otherwise provided in
an Award Agreement, notwithstanding the foregoing, any Award shall not be considered
outstanding for any purpose, and no dividends, voting or other rights of a shareholder shall
attach to such Award until such time as the conditions and/ or limitations attached, if any,
have been satisfied or have lapsed and the Shares have been Released to the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as provided in the Plan or in an Award Agreement, no consideration shall be payable by
a Participant for an Award made to him.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;8 Conditions for Release</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the authority and complete discretion to impose
Performance Conditions, being conditions and limitations in addition to any conditions and
limitations contained in this Plan which must be achieved for the Award to be Released,
provided that such additional conditions and limitations shall:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be objective and are specified in the Award Agreement; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be such that the Release of such an Award after the Scheme Audit and the
fulfilment or attainment of any conditions and limitations so specified shall not be
dependent upon the further discretion of any person, other than the determination by
the Board of Management that such conditions or limitations have been fulfilled based
on the Scheme Audit; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not be capable of amendment, variation or waiver unless a major change in the
organisation and/or the market occurs which causes the Board of Management to consider
that a waived, varied or amended condition would be a fairer measure and would not be
more difficult nor easier to satisfy than any existing additional conditions.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Article&nbsp;10, the number of Shares will be Released upon the
Release Date stated in the Award Agreement provided that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any conditions imposed on the Award in accordance with Article&nbsp;8.1 have, based
on the Scheme Audit, been fulfilled and attained;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Embargo Period has ended; and<BR></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Participant is employed within the Group at the Release Date.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Where necessary or desirable for the administration of the Plan, the Board of Management
shall establish operating guidelines regarding, inter alia, the Performance Conditions and the
procedure for arranging, operating and completing the Scheme Audit.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
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</DIV>


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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Promotion, demotion or transfers within the Company or Group Company of a Participant at any
time during the Embargo Period shall not affect the outstanding Awards and the conditions
attached to these Awards.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;9 Release of Awards</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Article&nbsp;10 and subject to Articles 12.1 to 12.4, the
Company shall Release the Shares to the Participant as soon as practicable following the
Embargo Period. A Release of Shares shall only be made if the Participant has fulfilled all
its obligations towards the Company or any Group Company under this Plan. The Release of
Shares is confirmed to the Participant in the Confirmation Letter of Release.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Release of Shares is subject to the ASML Insider Trading Rules and applicable mandatory
provisions regarding insider trading, as amended from time to time, as well as applicable
laws.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Participant shall not be entitled to any payment or indemnification of damages insofar
such damages arise or may arise from a delayed Release under this Article.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In special circumstances, the Board of Management shall have the power to allow Awards to be
Released at a date prior to the Release Date as may be stipulated in the Award Agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;10 Termination of Employment</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer during
the Embargo Period for reasons other than those mentioned in Articles 10.3 to 10.5, without
immediate re-employment of Employee by Employer or another Group Company, all outstanding
Awards which have not been released at the time of termination of the employment relationship
shall immediately lapse and become null and void, insofar as Article&nbsp;10.2 is not applicable.
All Awards that have thus become null and void will do so without Participant being entitled
to any compensation in this respect from Employer or another Group Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer as
described in Article&nbsp;10.1, other than being voluntary termination by Employee, the following
&#147;90 Day Period Rule&#148; will apply.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;90 Day Period Rule&#148; determines that the Award shall be released as per the Release
Date, as specified in the Award Agreement, if the Release Date lies within 90&nbsp;days from the
Date of Notice. The &#147;Date of Notice&#148; for this Article being the date on which the Formal
Notice Period commences. In the absence of a Formal Notice Period, the Award shall be
released as per the Release Date, as specified in the Award Agreement, if the Release Date
lies within 90&nbsp;days from the Date of Termination. The &#147;Date of Termination&#148; for this Article
being the date on which the employment relationship between Employee and Employer is
terminated.</TD>
</TR>

</TABLE>
</DIV>
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    <TD align="left" valign="top">&nbsp;</TD>
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    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
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</DIV>


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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If, during the Embargo Period, Employee is terminated for Cause by Employer, all outstanding
Awards which have not been released at the Date of Notice, or in the absence of a Date of
Notice the Date of Termination, shall immediately lapse and become null and void. All Awards
that have thus become null and void will do so without Participant being entitled to any
compensation in this respect from Employer or another Group Company. Article&nbsp;10.2 is not
applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (i)&nbsp;death, or (ii)&nbsp;incapability to act, all outstanding Awards will be released as
per the Date of Termination or as per the end of the Performance Period, whichever is latest.
Article&nbsp;10.2 is not applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (iii)&nbsp;retirement or (iv)&nbsp;occupational disability (within the meaning of the Dutch
&#147;Work and Income according to Capacity to Work&#148; Act <I>&#091;Wet Werk en Inkomen naar
Arbeidsvermogen&#093;</I>), all outstanding Awards will be released as per the Release Date as
specified in the Award Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Retirement for these Plan is defined as (a)&nbsp;leaving the employment of Employer at the age of
55 (fifty five) years or later in case Employee is eligible to (early)&nbsp;retirement payments
paid by a State, Federal or private pension fund, or (b)&nbsp;leaving the employment of Employer
under the &#147;Rule of 65&#148; without being eligible to (early)&nbsp;retirement payments paid by a
State, Federal or private pension fund.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Plan in case
Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10
(ten)&nbsp;years of continued employment with ASML, Group Company or her legal predecessors. For
every additional year in excess of 55 (fifty five) years of age, Employee is required to
have one year less of continued employment, until the age of 65 (sixty five) years. Employee
is deemed to retire for this Plan in case Employee leaves the employment of Employer at the
age of 65 (sixty five) years with one or less years of continued employment with ASML, Group
Company or her legal predecessors. Article&nbsp;10.2 is not applicable.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;11 Shareholder Rights</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shares granted under the Plan shall be subject to any necessary regulatory consents for the
time being in force and it shall be the responsibility of the Company and, where relevant of
the Participant, to comply with any requirements to be fulfilled in order to obtain or obviate
the necessity for any such consent. In addition, no Shares shall be Released prior to the
satisfaction of any and all applicable legal and regulatory requirements relating to such
release.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise provided in an Award Agreement, Shares subject to an Award granted under the
Plan will be granted without the benefit of any rights (including shareholder rights)
attaching thereto by reference to a record date preceding the Release Date. Except for such
rights attaching to Shares by reference to a record date prior to the date on which the Shares</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="48%"></TD>
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    <TD width="48%"></TD>
</TR>
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<TR valign="bottom"><!-- Blank Space -->
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    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">10 of 13</TD>
</TR>
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</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are allotted and issued, Released Shares shall be identical and rank pari passu in all
respects with the Shares in the same class then in issue.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;12 Tax, social security and costs</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All applicable personal taxes and employee social security contributions as a result of or in
respect of the implementation of the Plan shall be borne by the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It shall be the obligation of the Company to issue or to procure the Release of the Shares to
the Participant and the Participant shall permit the Company or any other Group Company to
withhold and account for an amount equal to any wage or income tax, employee&#146;s social security
contributions liability and any other liabilities for which the Company or a group Company as
the case may be, has an obligation to withhold and account.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Whenever Awards are to be granted under the Plan, the Company or any Group Company may
require the Participant to remit to the Company or a Group Company or upon the request of
the Participant to deduct as a one-off payment from the net salary or the net annual bonus
(if any) of the Participant, an amount sufficient to satisfy all withholding tax
requirements at the time of Release, including, but not limited to, the withholding of wage
tax, income tax and employee social security contributions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan is based on the applicable tax and social security legislation and regulations
prevailing at the Adoption Date. If any tax and/or social security legislation or regulations
are amended after the Adoption Date and any tax or employee social security contributions
become payable, the costs and risks related thereto shall be borne by the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as described in this Article&nbsp;12, any tax or similar liability arising out of the sale
or disposal of Shares by the Participant shall be the sole responsibility of the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The costs of introducing, adopting, operating and administering this Plan shall be borne by
the Company. Except for the Release of Shares, the costs associated with the sale and
retention of the Shares shall be borne by the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall, where appropriate, recharge the costs of operating the Plan to its
participating Group Companies if and to the extent Participants are employed by these Group
Companies.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;13 Reporting obligations</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company shall not issue or procure the transfer of Shares to Participants, until such time as
the Company is satisfied that the Company or Group Company that employs the Participant and
the Participant are aware of, and will carry out, their reporting obligations in respect of
the transfer or issue of Shares where necessary.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;14 Variation of Capital</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Article&nbsp;16, in the event of a share split, reverse share split, any capitalisation
issue (other than a capitalisation issue in substitution for, or as an alternative to, a cash
dividend), or</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">11 of 13</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rights issue or rights offer or any reduction, sub-division, consolidation or other
variation of the capital of the Company affecting the number of Shares in issue (including
any change in the currency in which Shares are denominated) the number of Shares subject to
any Award and reserve for distribution under the Plan shall be equitably adjusted by the
Company without prejudice (including retrospective adjustments where appropriate) in such
manner as the Company considers to be in its opinion fair and reasonable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notice of any adjustment shall be given by the Company to those Participants affected by such
adjustment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;15 Plan Amendments, Termination and Special Provisions</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the Articles of Association, the Board of Management may from time to time at its
absolute discretion amend, alter, or terminate the Plan, for such reason as the Board of
Management, in its sole discretion, deems appropriate, including to facilitate the
administration of the Awards, to reflect changes in legislation or to obtain or maintain a
favourable tax, exchange control, legal, accounting or regulatory treatment for Participants,
the Company or any other Group Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall obtain approval of the Supervisory Board and/ or the General
Meeting, if applicable, for any amendment that would require such approval in order to satisfy
the requirements of applicable law, Articles of Association or stock exchange rules.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management may amend the terms of any Award theretofore granted, prospectively
or retroactively; however, subject to Articles 14 or 15 of the Plan, no such amendment shall
impair the rights of any Participant without his consent.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;16 Notification</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written notice of any amendment made in accordance with the terms of this Plan shall be given
to those Participants affected by such amendment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any notice or other document required to be given to any Participant with respect to the
operation of the Plan shall be regarded as correctly addressed if sent to the address of the
Participant as recorded in the Staff Records Department of the Company or any other address as
may appear to the Company to be appropriate, or by e-mail message or in any other format
agreed in advance between the Participant and the person giving the notice on behalf of the
Board of Management. Any notice or other document required to be given by a Participant to the
Company, any other Group Company or the Board of Management shall be delivered in the format
required by the Company, any other Group Company or the Board of Management as communicated to
the Participant in advance. Notices sent by regular mail, unless received earlier, shall be
deemed to have been given on the fifth day following the date the notice is post-marked.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Participants shall be subject to and bound by the terms and conditions of applicable insider
trading rules as set forth in the ASML Insider Trading Rules and applicable mandatory
provisions, as amended from time to time, as well as any and all applicable laws. Such ASML</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">12 of 13</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Performance Share Plan for Senior and Executive Management</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insider Trading Rules, mandatory provisions and applicable laws may restrict the rights of
the Participants under this Plan. Participants are expected to be familiar with the ASML
Insider Trading Rules, the insider trading rules and any other information, guidance and/or
regulations issued by the Company or any other Group Company or relevant governmental or
regulatory bodies, and neither the Company nor any other Group Company shall incur any
liability in the event the Participant fails to comply with such rules.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;17 Disputes</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The decision of the Board of Management in any dispute or question relating to any Award shall be
final and conclusive subject to the terms and conditions of this Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;18 Governing law</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Plan, including its formation, existence, construction, performance, validity and all aspects
whatsoever of the Plan, any term of the Plan and Award made under it, shall be governed by the
law of The Netherlands, except where mandatory local law shall apply. The Company and the
Participants irrevocably submit, in respect of any suit, action or proceeding related to the
interpretation or enforcement of the Plan, to the exclusive jurisdiction of the District Court
of &#145;s-Hertogenbosch, The Netherlands.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">*****
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">044 070922 JHak T&#038;C ASML Performance Share Plan for Senior and Executive Management  &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">13 of 13</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.6
<SEQUENCE>5
<FILENAME>u56110exv4w6.htm
<DESCRIPTION>EXHIBIT 4.6
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.6</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;4.6
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="u56110u5611001.gif" alt="(ASML LOGO)">
</DIV>


<DIV align="left" style="font-size: 18pt; margin-top: 12pt"><B>Terms and Conditions</B>
</DIV>


<DIV align="left" style="font-size: 14pt; margin-top: 6pt">For Incentive or New Hire Options granted to<BR>
Employees under the ASML Stock Option Plan<BR>
(Version October&nbsp;2007)

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">044 070309 &#151; 1 JHak TC
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>TABLE OF CONTENTS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Related documents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;1 &#151;  Definitions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;2 &#151;  Scope and Object</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;3 &#151;  Acquisition of Options</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;4 &#151;  Acceptance of the Options</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;5 &#151;  Option Period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;6 &#151;  Exercise Price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;7 &#151;  Transferability of the Option</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;8 &#151;  Exercise of the Option</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;9 &#151;  Dilution of Capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;10 &#151; Taxes and Costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;11 &#151;  Prevention of Insider Trading</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;12 &#151;  Notices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;13 &#151;  Disputes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;14 &#151;  Amendments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Related documents</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In these Option Conditions reference is made to the following documents:

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ASML Stock Option Plan (version 2)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ASML Insider Trading Rules</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These documents may be consulted on the ASML Intranet.

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">2 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 4 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;1 &#151; Definitions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In these Option Terms and Conditions and in related documents, the following terms shall have the
meanings as defined in this Article, unless explicitly stated otherwise.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="58%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ASML
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASML Holding N.V., having its business address at
De Run 6501 in Veldhoven;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ASML Group Company
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book
2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective
of the place where it has its registered office;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date of Grant
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which the Option is granted in writing, which date is fixed at October
19<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2007;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Embargo Period
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period from October&nbsp;19<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2007 up to and including
October&nbsp;18th, 2010;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Employee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a natural person who on the Date of Grant is employed by ASML in job grades 81 through 91
and who is on her or an ASML Group Company&#146;s payroll on that date;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Employer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASML or ASML Group Company that employs Employee on the Date of Grant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exercise Price
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the price for which Option Holder may acquire one Share upon the exercise of one Option;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a right granted by Employer to Option Holder to acquire one Share at the end of the Option
Period or the Revised Option Period against payment of the Exercise Price during the Option
Period. Options granted to United States residents or citizens will give such Option
Holders the right to acquire Shares quoted on the NASDAQ while Options granted to all other
Option Holders will give the right to acquire Shares quoted on the AEX;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option Conditions
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the present Terms and Conditions for Incentive or New Hire Options granted to Employees
under the ASML Stock Option Plan &#151; version October&nbsp;2007, including any</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">3 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 4 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="58%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">modifications subsequently introduced herein in conformity
with the same;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option Holder
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the holder of an Option, being the person to whom an Option has been granted in writing and who
at the time of granting of such Option is an Employee of ASML or who has become the holder of
such Option by virtue of being Employee&#146;s heir;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option Period
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period during which the Option may be exercised;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Option Rules
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced
therein in conformity with the same, on which these Option Conditions are based;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Revised Option Period
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the applicable Option Period for all &#151; or a part of &#151; the Options after approval by Employer
of a request by Option Holder as mentioned in Article&nbsp;8;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Share
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of
ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ
Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder
by exercising an Option granted under these Option Conditions;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Termination for Cause
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cause shall mean (i)&nbsp;any act of personal dishonesty taken by Employee in connection with his or
her responsibilities as Employee and intended to result in a personal enrichment of Employee,
(ii)&nbsp;conviction of a felony, (iii)&nbsp;a willful act by Employee that constitutes gross misconduct
and is injurious to Employer, and (iv)&nbsp;continued violations by Employee of his or her
obligations to Employer which are demonstrably willful and deliberate on his or her part after
(a)&nbsp;there has been delivered to Employee a written demand for performance from Employer that
describes the basis for the belief that he or she has not substantially performed his or her
duties set forth in specific goals to cure such defaults, and (b)&nbsp;he or she has been given 30
(thirty)&nbsp;days during which he or she has been unable to</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">4 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 4 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>



<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="58%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">cure such failure to perform his or her duties. For
Employees who are resident in the Netherlands, the term
Cause shall have the meaning as stated in section 7:677 in
conjunction with section 7:678 of the Dutch Civil Code at
that time.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The terms defined above in the singular or in the plural shall also comprise the plural and vice
versa, unless in the case concerned it can be inferred otherwise from the text of the Option
Conditions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;2 &#151; Scope and Object</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These Option Conditions are part of the Option Rules and contain the terms and conditions that are
applicable to Option Holder pursuant to Article&nbsp;IV of the Option Rules.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Option Holder is aware of the fact that the value of the shares may fluctuate, and that ASML does
not guarantee that Option Holder shall derive any benefit from the Options granted under this ASML
Stock Option Plan &#151; version October&nbsp;2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Nothing in these Option Conditions or related documents by themselves or in combination shall be
construed as an expressed or implied contract of employment or a guarantee of continued future
employment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;3 &#151; Acquisition of Options</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Employee is granted Options under these Option Conditions on the Date of Grant by Employer. The
Options are granted in writing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;4 &#151; Acceptance of the Options</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Options shall be granted under the dissolving condition that within 10 (ten)&nbsp;days after
the Date of Grant, Employee does not inform Employer in writing that Employee does not wish
these Options to be granted to Employee;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By not rejecting the grant as described in paragraph 1 of this Article, Employee accepts all
of the Options granted pursuant to these Option Conditions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Effective from the Date of Grant an Option Agreement will come into existence, unless
Employee has rejected the Options as described in paragraph 1 of this Article.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">5 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 4 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;5 &#151; Option Period</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Option Period shall be 10 (ten)&nbsp;years, counting from the Date of Grant and shall thus end
on October&nbsp;19<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2017;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options may only be exercised within the Option Period;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options that have not been exercised within the Option Period shall lapse after the
expiration of the Option Period;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period
may be extended under the circumstances as referred to in Article&nbsp;8.5 by a maximum period of
12 (twelve)&nbsp;months.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;6 &#151; Exercise Price</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML Share on
the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands on the Date of Grant. For United States residents
or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar
Exercise Price by taking the Exercise Price defined in the first sentence of this Article and
applying the Euro &#151; United States Dollar exchange rate fixing on the Allocation Date as performed
by the European Central Bank at or around 14.00 hours C.E.T.;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;7 &#151; Transferability of the Option</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Option shall be strictly non-transferable and may not be encumbered with a pledge;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Devolution by last will or hereditary succession pursuant to the statutory provisions shall,
however, not vitiate the Option;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Option Holder shall not be permitted to conclude any transaction in relation to the Options
on Euronext, Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any
other stock exchange;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event of Option Holder acting in contravention of the provisions of this Article, the
Options of such Option Holder shall lapse.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">6 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 4 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;8 &#151; Exercise of the Option</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Options may only be exercised on the last day of the Option Period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the request of Option Holder the Option Period may be shortened for all or part of the
Options. The Revised Option Period will then replace the Option Period for part or all the
Options, whichever the request may be. On the last day of the Revised Option Period Option
Holder may exercise the Options for which Option Holder has requested the Revised Option
Period. In the written request Option Holder is required to notify Employer of the requested
end date of the Revised Option Period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A written request for a Revised Option Period during the Embargo Period shall not be honoured
by Employer.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Options may be exercised only in accordance with established ASML procedures existing at
the time of exercise;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct
concerning Insider Information&#148;, as in force at the time of exercising;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (i)&nbsp;death, or (ii)&nbsp;incapability to act, the Options may be exercised during the
entire Option Period, after the Embargo Period has expired. In case the remaining Option
Period, measured from the moment of termination for aforementioned reasons, consists of less
than 12 (twelve)&nbsp;months, the Option Period will be extended such that the remaining Option
Period will be at least 12 (twelve)&nbsp;months counting from the date of the termination.
Therefore, if the date of termination for reasons mentioned in the first sentence of this
Article, falls within 12 (twelve)&nbsp;months before the end of the Option Period as defined in
Article&nbsp;5.1, the Option Period will effectively be prolonged beyond the period as defined in
Article&nbsp;5.1;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (iii)&nbsp;retirement or (iv)&nbsp;occupational disability (within the meaning of the
Dutch Disablement Benefits Act <I>&#091;Wet op de Arbeidsongeschiktheids-verzekering&#093;</I>), the
Options may be exercised during the entire Option Period, after the Embargo Period has
expired;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Retirement for these Option Conditions is defined as (a)&nbsp;leaving the employment of
Employer at the age of 55 (fifty five) years or later in case Employee is eligible to
(early)&nbsp;retirement payments paid by a State, Federal or private pension fund, or (b)
leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to
(early)&nbsp;retirement payments paid by a State, Federal or private pension fund.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">7 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 4 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions
in case Employee leaves the employment of Employer at the age of 55 (fifty five) years
after 10 (ten)&nbsp;years of continued employment with ASML, ASML Group Company or her legal
predecessors. For every additional year in excess of 55 (fifty five) years of age,
Employee is required to have one year less of continued employment, until the age of 65
(sixty five) years. Employee is deemed to retire for these Option Conditions in case
Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or
less years of continued employment with ASML, ASML Group Company or her legal
predecessors. Paragraph&nbsp;9 of Article&nbsp;8 is not applicable;
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If, during the Option Period, Employee is terminated for Cause by Employer or Employee is
terminated by Employer on account of another reason imputable to Employee, regardless of
whether employment activities have been terminated, any Options not yet exercised shall lapse
forthwith. All Options that have thus become null and void will do so without Option Holder
being entitled to any compensation in this respect from Employer or another ASML Group
Company. Paragraph&nbsp;9 of Article&nbsp;8 is not applicable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer for
reasons other than those mentioned in paragraph 6 or 7 of Article&nbsp;8, without immediate
re-employment of Employee by Employer or another ASML Group Company, all Options granted which
are not exercised at the time of termination of the employment relationship shall lapse
forthwith, insofar as paragraph 9 of Article&nbsp;8 is not applicable. All Options that have thus
become null and void will do so without Option Holder being entitled to any compensation in
this respect from Employer or another ASML Group Company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer as
described in paragraph 8 of Article&nbsp;8, other than being voluntary termination by Employee, the
following &#147;90&nbsp;day rule&#148; will apply.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;90&nbsp;day rule&#148; determines that exercisable options may be exercised for a period 90
days from the Date of Notice, the Date of Notice being the date on which the Formal Notice
Period commences. In the absence of a Formal Notice Period exercisable options may be
exercised for 90&nbsp;days from the Date of Termination, the Date of Termination being the date
on which the employment relationship between Employee and Employer is terminated. Options
that become exercisable after the expiration of the embargo period during the 90&nbsp;day
period may be exercised until the end of the 90&nbsp;day period as stipulated in this
paragraph.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">8 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 4 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Options may be exercised by Option Holder for the total number allocated or in tranches
of 100 or multiples thereof (with the exception of the last tranche), with the provision that
each exercise must take place within the Option Period, provided such exercise is not in
conflict with the provisions of Article&nbsp;11.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;9 &#151; Dilution of Capital</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If at any time the issued capital of ASML increases, for instance as a result of (i)&nbsp;a
resolution to issue shares with a pre-emption right for the holders of the Shares at that time
outstanding, (ii)&nbsp;a stock dividend, or (iii)&nbsp;a capitalisation of reserves, the Exercise Price
and/or the number of Options allocated may be adjusted in such a manner as the Board of
Management shall then decide;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The adjustments by the Board of Management as referred to in Article&nbsp;9.1 shall be binding
after an independent accountant, and member of the Netherlands Institute for Registered
Accountants <I>&#091;Nederlands Instituut voor Register Accountants&#093;, </I>has issued a certificate stating
that the adjustments have been determined in a reasonable manner. Adjustment of the Exercise
Price and or the number of Options shall take place on the day preceding the day on which
notice was given of the aforementioned resolutions. Any tax and/or social insurance
contributions payable as a result of the above shall be for the account of Option Holder;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An adjustment of the Exercise Price and/or the number of Options allocated and the
computation upon which the same are based shall be notified as soon as possible to Option
Holder in writing.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;10 &#151; Taxes and Costs</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All taxes and/or social insurance contributions payable as a result of the Options allocated
and/or as a result of Option being owned and/or exercised by Option Holder or Option Holder&#146;s
heirs, including possible consequences of an amendment of the Option Conditions, shall be
entirely for the account of Option Holder or Option Holder&#146;s heirs as the case may be;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Option Holder, or Option Holder&#146;s heirs as the case may be, shall be liable for all the costs
relating to the exercise of Options, including but not limited to costs charged by stock
brokers in connection with the acquired Shares resulting from the exercise of Options and the
contiguous sale of such Shares;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">9 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 4 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for
the account of ASML.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;11 &#151; Prevention of Insider Trading</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Option Holder who, by not rejecting the Options granted as mentioned in Article&nbsp;4, accepts the
Option Conditions, shall at the same time, be deemed to accept the applicable &#147;ASML Rules of
Conduct concerning Insider Information&#148; and to act accordingly.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;12 &#151; Notices</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notices which must be given by ASML to Option Holder pursuant to or in connection with the
Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to
the address of Option Holder as recorded in the Human Resources &#038; Organisation Staff Records
of the ASML Group Company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notices which must be given by Option Holder to ASML pursuant to or in connection with the
Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to
the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML
Stock Option Administrator.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;13 &#151; Disputes</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Option Rules, the Option Conditions, the annexes thereto, and all further documents
relating to the Option Rules and/or the Option Conditions shall be governed by the laws of the
Netherlands;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and
further documents relating to the Option Rules and/or the Option Conditions, shall in the
first instance, be settled by the District Court of Eindhoven.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;14 &#151; Amendments</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the power to amend the Option Rules and/or Option
Conditions or add further provisions to the same at any time;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Option Holder shall be informed of any amendments or measures as referred to in this Article
in good time, in writing.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">10 of 10</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151; (Version October&nbsp;2007)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070309 &#151; 4 JHak</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DOCUMENT>
<TYPE>EX-4.7
<SEQUENCE>6
<FILENAME>u56110exv4w7.htm
<DESCRIPTION>EXHIBIT 4.7
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.7</TITLE>
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<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;4.7
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="u56110u5611001.gif" alt="(ASML LOGO)">
</DIV>


<DIV align="left" style="font-size: 14pt; margin-top: 12pt">Terms and Conditions of the<br>
ASML Incentive Stock Option Plan<br>
for Employees<br>
(version 1)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">044 070922 JHak ASML Incentive Stock Option Plan for Employees &#151; version 1
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Contents</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" align="left">Related documents</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Definitions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Interpretation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Scope and Object</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Grant of Options</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Option Period</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exercise Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-transferability of the Option</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exercise of Options</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Conditions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Termination of employment</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Variation of capital</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tax, social security and costs</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Prevention of Insider Trading</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notices</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Governing Law and Disputes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Related documents</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In these terms and conditions reference is being made to the ASML Insider Trading Rules&nbsp;2005, as
amended from time to time (the &#145;ASML Insider Trading Rules&#146;). This document can be consulted on the
ASML Intranet. In case of the absence of access to the ASML Intranet, the Employee will be provided
with a hard copy of this document.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Employees &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">2 of 12</TD>
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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;1 Definitions</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the terms and conditions of this Plan and in the related documents, the following terms and
expressions shall have the meanings as set out and below, unless explicitly stated otherwise:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Adoption Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which this Plan is adopted by the Board of Management;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Articles of Association</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the articles of association of the Company
as amended from time to time;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Board of Management</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of directors of the Company as
mentioned in Article&nbsp;13 of the Articles of
Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Choice Form</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the form used by Employee on which he
indicates whether he wishes to participate
in the Incentive Option Plan for Employees
and/or Incentive Share Plan for Employees,
which form is submitted to and received by
the Company duly signed before the Date of
Grant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASML Holding N.V., having its registered
seat at De Run 6501, 5504 DR Veldhoven, The
Netherlands, registered with the Chamber of
Commerce (<I>Kamer van Koophandel</I>) of
Oost-Brabant under registration number
17085815;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Confirmation Letter of Vesting</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the notification in respect of the number
of Options that becomes exercisable per the
Vesting Date, at the end of the Embargo
Period;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Date of Grant</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which an Option is granted to a
Participant, which shall be the date
specified in the Option Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Embargo Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period following the Date of Grant as
specified in the Option Agreement, in which
an Option cannot be exercised;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Employee</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a natural person who is employed by the
Company in job grades 81 through 91 on the
Date of Grant and who is on her or a Group
Company&#146;s payroll on that date;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Employer</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the Company or Group Company which employs
Employee on the Date of Grant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Exercise Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period following the Embargo Period in
which an Option can be exercised in
accordance with Article&nbsp;8;</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
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<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Employees &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">3 of 12</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Exercise Price</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the price at which the Participant may
acquire one Share upon the exercise of one
Option, which is determined in accordance
with Article&nbsp;6;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Expiration Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the last day of the Option Period, being
the last day on which the Option can be
exercised as specified in the Option
Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>General Meeting</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the general meeting of shareholders as
mentioned in Article&nbsp;27 of the Articles of
Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Group Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an affiliated company of the Company, which
affiliation is determined by section 24c of
Book 2 of the Dutch Civil Code,
irrespective of the jurisdiction of such
company and irrespective of the place where
it has its registered office;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Option</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a right granted by the Company to the
Participant to acquire one Share during the
Exercise Period for payment of the Exercise
Price. Options granted to United States
residents or citizens will give such
Participants the right to acquire Shares
quoted on the NASDAQ Global Select Market,
while Options granted to all other
Participants will give the right to acquire
Shares quoted on the NYSE Euronext;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Option Agreement</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the signed written agreement, including all
annexes thereto, if any, between the
Participant and the Company, setting forth
the terms and conditions of the Options in
accordance with Article&nbsp;4;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Option Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period in which the Option remains
valid beginning at the Date of Grant and
ending per the Expiration Date as specified
in the Option Agreement in accordance with
Article&nbsp;5.1;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Option Rules</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the ASML Stock Option Plan (version 2)
including any modifications subsequently
introduced therein, on which this Plan is
based;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Participant</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an Employee of the Company or of any Group
Company to whom an Option has been granted
under the terms and conditions of this Plan
or the heirs of such Employee;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Plan</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the terms and conditions of the ASML
Incentive Stock Option Plan for Employees
including the Option Agreement and the</TD>
</TR>
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</TABLE>
</DIV>


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<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
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<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Employees &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">4 of 12</TD>
</TR>
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</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Confirmation Letter of Vesting in its present form or as
amended from time to time in accordance with the provisions
hereof;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Scheme Audit</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">objective determination of the fulfilment
of any conditions under this Plan, by the
Company&#146;s auditor or an expert acting
independently as appointed by the Board of
Management;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Share</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an ordinary share in the capital of the
Company, having a nominal value of EUR
0.09 (nine eurocents) or any other nominal
value such Share may have in the future;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Stock Exchange</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the stock exchange of NYSE Euronext Stock
Exchange at Amsterdam, The Netherlands, or
the NASDAQ Global Select Market, New York
City, New York, United States of America;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Supervisory Board</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of supervisory directors of the
Company as mentioned in Article&nbsp;20 of the
Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Termination for Cause</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall have the meaning as stated in
section 7:677 in conjunction with section
7:678 of the Dutch Civil Code at that time
or have the meaning as defined in any
other jurisdiction to which a Participant
may be subject; and</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Vesting Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date upon which the Options underlying
the grant become exercisable.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;2 Interpretation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Words or expressions used in the Plan shall where appropriate:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the masculine gender include the feminine and vice versa;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the singular include the plural and vice versa;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment be construed as a reference to that enactment as for the
time being consolidated, amended, re-enacted or replaced and shall include any regulations
made there under;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when a period of time is specified and starts from a given day or the day of an act or event
or ends on a given day, be calculated inclusive of that day;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be construed such that the headings and sub-headings are for ease of reference only, and do
not affect the interpretation of any Article;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment or regulations under Dutch law, be construed at the
discretion of the Board of Management as a reference to other applicable laws or regulations
of any other country (or region of a country), unless mentioned otherwise; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Employees &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">5 of 12</TD>
</TR>
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</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>references to tax and/or social security contributions and/or withholding taxes shall for
the avoidance of doubt include The Netherlands and any other jurisdiction to which a
Participant may be subject.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;3 Scope and Object</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Plan forms part of the Option Rules and contains the terms and conditions that are applicable
to the Participant pursuant to Article&nbsp;IV of the Option Rules.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;4 Grant of Options</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A grant of Options can be made quarterly two days after the date of publication of the
Company&#146;s financial results, in accordance with a consistent policy regarding frequency,
timing and terms and conditions, and subject to the ASML Insider Trading Rules and applicable
mandatory provisions regarding insider trading, as amended from time to time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each grant shall be evidenced by an Option Agreement concluded between the Participant and
the Company, setting forth the terms and conditions pertaining to such grant. By signing the
Option Agreement or associated Choice Form the Participant acknowledges that he has read the
Plan and the ASML Insider Trading Rules and declares that he fully understands and will fully
comply with the provisions of the Plan and the ASML Insider Trading Rules.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Option Agreement shall specify, inter alia, the number of Options granted, the Date of
Grant, the Option Period, the Embargo Period, the Exercise Period, the Exercise Price, the
Performance Condition, the Performance Period and all such other information as required by
the terms and conditions of this Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Participant wishes to participate in the Plan, he is required to return a signed copy
of the Choice Form before the Date of Grant or the Option Agreement to the Company within one
(1)&nbsp;calendar month following the date on which the Option Agreement has been signed by the
Company as stated in the Option Agreement. Option Agreements or Choice Forms signed and
returned before the due date will be considered accepted by the Participant on the date the
Option Agreement has been signed by the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except for the payment provisions as set out in Article&nbsp;13, no consideration shall be payable
by a Participant for the grant of an Option made for his benefit.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;5 Option Period</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Option Period shall be a period of ten (10)&nbsp;years commencing on the Date of Grant as
specified in the Option Agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Employees &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">6 of 12</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options may only be exercised within the Exercise Period following the expiry of the Embargo
Period as specified in the Option Agreement in accordance with the provisions of Article&nbsp;8 of
this Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options that have not been exercised within the Exercise Period shall lapse on the day
following the Expiration Date and become null and void.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period
may be extended under the circumstances as referred to in Article&nbsp;9.5 by a maximum period of
12 (twelve)&nbsp;months.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;6 Exercise Price</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Exercise Price shall be equal to the closing price &#145;cum dividend&#146; of a Share on the NYSE
Euronext Stock Exchange, Amsterdam, The Netherlands on the Date of Grant. For United States
residents or citizens, the EUR (euro)&nbsp;denominated Exercise Price will be converted into a USD
(United States dollar) Exercise Price by taking the Exercise Price defined in the first sentence of
this Article and applying the EUR&#151;USD exchange rate fixing on the Date of Grant as published by
the European Central Bank at or around 14.00 hours C.E.T.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;7 Non-transferability of the Option</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Option granted is strictly personal and non-transferable. No Option shall be capable of being
sold, transferred or assigned by the Participant other than in a manner specified in the Plan and
the Option cannot be charged, pledged, encumbered or otherwise used for the purpose of creating
security title or interest of whatever nature.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;8 Exercise of Options</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Article&nbsp;10, Options are exercisable at any time during the
Exercise Period, provided that the Participant is employed by the Company or any Group Company
on the last day of the Embargo Period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options may be exercised only in accordance with established ASML procedures existing at the
time of exercise.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When exercising Options the Participant must comply with the ASML Insider Trading Rules, as
in force at the time of exercise.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options may be exercised by the Participant for the total number of underlying Shares or in
tranches of 100 or multiples thereof (with the exception of the last tranche), with the
provision that each exercise must take place within the Exercise Period, provided such
exercise is not in conflict with the provisions of Article&nbsp;14.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD NOWRAP align="left" valign="top">044 070922 JHak ASML Incentive Stock Option Plan for Employees &#151; version 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">7 of 12</TD>
</TR>
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</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;9 Conditions</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the authority and complete discretion to impose any
conditions and limitations in addition to any conditions and limitations contained in this
Plan which must be achieved during a certain period in order for the Option to become
exercisable, provided that such additional conditions and limitations shall:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be objective and are specified in the Option Agreement; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be such that the grant of the Option after the Scheme Audit and the
fulfilment or attainment of any conditions and limitations so specified shall not be
dependent upon the further discretion of any person, other than the determination by
the Board of Management that such conditions or limitations have been fulfilled based
on the Scheme Audit; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not be capable of amendment, variation or waiver unless a major change in
the organisation and/or the market and/or business circumstances occurs which causes
the Board of Management to consider that a waived, varied or amended condition would
be a fairer measure and would not be more difficult nor easier to satisfy than any
existing additional conditions.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Article&nbsp;10, the Options will become exercisable upon the
Vesting Date stated in the Option Agreement provided that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the conditions imposed on the grant in accordance with Article&nbsp;9.1 have,
based on the Scheme Audit, been fulfilled and attained;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Embargo Period has ended; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Participant is employed within the Group at the Vesting Date.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Where necessary or desirable for the administration of the Plan, the Board of Management
shall establish operating guidelines regarding, inter alia, conditions and the procedure for
arranging, operating and completing the Scheme Audit. Participants are deemed to comply with
these operating guidelines where applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Promotion, demotion or transfers within the Company or Group Company of a Participant at any
time during the Embargo Period shall not affect any Option nor shall it affect the fulfilment
of any conditions attached to any Option granted.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;10 Termination of employment</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer for
reasons other than those mentioned in Articles 10.3 to 10.5, without immediate re-employment
of Employee by Employer or another Group Company, all Options granted which are not exercised
at the time of termination of the employment relationship shall lapse forthwith, insofar as
Article&nbsp;10.2 is not applicable. All Options that have thus become null and void will do so
without Participant being entitled to any compensation in this respect from Employer or
another Group Company.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center">
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    <TD>&nbsp;</TD>
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</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer as
described in Article&nbsp;10.1, other than being voluntary termination by Employee, the following
&#147;90 Day Period Rule&#148; will apply.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;90 Day Period Rule&#148; determines that exercisable options may be exercised for a period
90&nbsp;days from the Date of Notice. The &#147;Date of Notice&#148; for this Article being the date on
which the Formal Notice Period commences. In the absence of a Formal Notice Period
exercisable options may be exercised for 90&nbsp;days from the Date of Termination. The &#147;Date
of Termination&#148; for this Article being the date on which the employment relationship
between Employee and Employer is terminated. Options that become exercisable after the
expiration of the Embargo Period during the 90&nbsp;day period may be exercised until the end
of the 90&nbsp;day period as stipulated in this paragraph.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If, during the Option Period, Employee is terminated for Cause by Employer, regardless of
whether employment activities have been terminated, any Options not yet exercised on the Date
of Notice, or in the absence of a Date of Notice the Date of Termination, shall lapse
immediately and become null and void. All Options that have thus become null and void will do
so without Participant being entitled to any compensation in this respect from Employer or
another Group Company. Article&nbsp;10.2 is not applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (i)&nbsp;death, or (ii)&nbsp;incapability to act, the Options may be exercised during the
entire Option Period as per the Date of Termination. In case the remaining Option Period,
measured from the Date of Termination for aforementioned reasons, consists of less than 12
(twelve)&nbsp;months, the Option Period will be extended such that the remaining Option Period will
be at least 12 (twelve)&nbsp;months counting from the Date of Termination. Therefore, if the Date
of Termination for reasons mentioned in the first sentence of this Article, falls within 12
(twelve)&nbsp;months before the end of the Option Period as defined in Article&nbsp;5.1, the Option
Period will effectively be prolonged beyond the period as defined in Article&nbsp;5.1. Article&nbsp;10.2
is not applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (iii)&nbsp;retirement or (iv)&nbsp;occupational disability (within the meaning of the Dutch
&#147;Work and Income according to Capacity to Work&#148; Act <I>&#091;Wet Werk en Inkomen naar
Arbeidsvermogen&#093;</I>), the Options may be exercised during the entire Option Period, after the
Embargo Period has expired.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Retirement for this Plan is defined as (a)&nbsp;leaving the employment of Employer at the age
of 55 (fifty five) years or later in case Employee is eligible to (early)&nbsp;retirement
payments paid by a State, Federal or private pension fund, or (b)&nbsp;leaving the employment
of Employer under the &#147;Rule of 65&#148; without being eligible to (early)&nbsp;retirement payments
paid by a State, Federal or private pension fund.</TD>
</TR>

</TABLE>
</DIV>

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</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions
in case Employee leaves the employment of Employer at the age of 55 (fifty five) years
after 10 (ten)&nbsp;years of continued employment with ASML, Group Company or her legal
predecessors. For every additional year in excess of 55 (fifty five) years of age,
Employee is required to have one year less of continued employment, until the age of 65
(sixty five) years. Employee is deemed to retire for these Option Conditions in case
Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or
less years of continued employment with ASML, Group Company or her legal predecessors.
Article&nbsp;10.2 is not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;11 Variation of capital</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Article&nbsp;7, in the event of a share split, reverse share split, any capitalisation
issue (other than a capitalisation issue in substitution for, or as an alternative to, a cash
dividend), or rights issue or rights offer or any reduction, sub-division, consolidation or
other variation of the capital of the Company affecting the number of Options in issue
(including any change in the currency in which Options are denominated), the number of Options
subject to any grant may be adjusted by the Company without prejudice (including retrospective
adjustments where appropriate) in such manner as the Company considers to be in its opinion
fair and reasonable, however, in no event shall the Company be obliged to make such
adjustment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notice of any adjustment shall be given by the Company to those Participants affected by such
adjustment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;12 Tax, social security and costs</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All applicable personal tax and employee social security contributions as a result of or in
respect of the implementation of the Plan shall be borne by the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It shall be the obligation of the Company to issue or to procure the grant of the Options to
the Participant and the Participant shall permit the Company or any Group Company to withhold
and account for an amount equal to any wage or income tax, employee&#146;s social security
contributions liability and any other liabilities for which the Company or a Group Company as
the case may be, has an obligation to withhold and account.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">12.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Whenever Options are to be granted under the Plan, the Company or any Group Company may
require the Participant to remit to the Company or a Group Company or upon the request of the
Participant to deduct as a one-off payment from the net salary or the net annual bonus (if
any) of the Participant, an amount sufficient to satisfy all withholding tax requirements at
the time of the exercise, including, but not limited to, the withholding of wage tax, income
tax and employee social security contributions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">12.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan is based on the applicable tax and social security legislation and regulations
prevailing at the Adoption Date. If any tax and/or social security legislation or regulations
are</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV align="center">
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    <TD>&nbsp;</TD>
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</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>




<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">amended after the Adoption Date and any tax or employee social security contributions
become payable, the costs and risks related thereto shall be borne by the Participant.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the avoidance of doubt, the provisions of Articles 12.1 to 12.4 shall apply to a
Participant&#146;s liabilities that may arise on the exercise in more than one jurisdiction.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Participant shall be liable for all costs relating to the exercise of the Option
including but not limited to costs charged by stock brokers in connection with the Shares acquired
following the exercise of the Options and subsequent sale of such Shares.</TD>
</TR>


<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Costs relating to the issue of new and/or transfer of existing Shares following the exercise
of Options shall be for the account of the Company.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;13 Prevention of Insider Trading</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Participant who signs the Option Agreement shall at the same time be deemed to accept the
applicable ASML Insider Trading Rules and act accordingly.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;14 Notices</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notices which must be given by the Company to the Participant pursuant to or in connection
with the Option Rules and/or the Plan shall be regarded as correctly addressed if sent to the
address of the Participant as recorded in the Human Resources and Organization Staff
Records Department of the Company or any other address as may appear to the Company
to be appropriate, or by e-mail message or in any other format agreed in advance between
the Participant and the person giving the notice on behalf of the Board of Management.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any notice or other document required to be given to the Company or the Board of Management
shall be delivered in a format agreed in advance between the Participant and the person
receiving the notice. Notices sent by post, unless received earlier, shall be deemed to have
been given on the fifth day following the date of posting.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;15 Governing Law and Disputes</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Plan, including its formation, existence, construction, performance, validity and all
aspects whatsoever of the Plan, any term of the Plan and Grant made under it, shall be
governed by the law of The Netherlands, except where mandatory local law shall apply. The
Company and the Participants irrevocably submit, in respect of any suit, action or proceeding
related to the interpretation or enforcement of the Plan, to the exclusive jurisdiction of the
District Court of &#145;s-Hertogenbosch, The Netherlands.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The decision of the Board of Management in any dispute or question relating to any Award
shall be final and conclusive subject to the terms and conditions of this Plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center">
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    <TD>&nbsp;</TD>
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</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Stock Option Plan for Employees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;16 Amendments</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the power to amend the Option Rules and/or the Plan or add
further provisions to the same at any time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Participant shall be informed in writing of any amendments or measures as referred to
in this Article.</TD>
</TR>

</TABLE>
</DIV>


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</DIV>

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</DIV>



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.8
<SEQUENCE>7
<FILENAME>u56110exv4w8.htm
<DESCRIPTION>EXHIBIT 4.8
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;4.8
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="u56110u5611001.gif" alt="(ASML LOGO)">
</DIV>


<DIV align="left" style="font-size: 14pt; margin-top: 6pt">Terms and Conditions of the<BR>
ASML Incentive Share Plan<BR>
for Employees<BR>
(version 1)

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Contents</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DEFINITIONS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">INTERPRETATION</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LAPSE OF AWARDS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AVAILABILITY OF SHARES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">POWERS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NON-TRANSFERABILITY OF THE SHARES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AWARDS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CONDITIONS FOR RELEASE</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">RELEASE OF AWARDS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TERMINATION OF EMPLOYMENT</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SHAREHOLDER RIGHTS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TAX, SOCIAL SECURITY AND COSTS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">REPORTING OBLIGATIONS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VARIATION OF CAPITAL</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PLAN AMENDMENTS, TERMINATION AND SPECIAL PROVISIONS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NOTIFICATION</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 17</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DISPUTES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 18</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">GOVERNING LAW</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Related document</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In these terms and conditions reference is being made to the ASML Insider Trading Rules&nbsp;2005, as
amended from time to time (the &#145;ASML Insider Trading Rules&#146;). This document can be consulted on the
ASML Intranet. In case of the absence of access to the ASML Intranet, the Employee will be provided
with a hard copy of this document.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">2 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;1 Definitions</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the terms and conditions of the Plan and in the related document, the following words and
expressions shall have the meanings set out below, unless explicitly stated otherwise:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Adoption Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which this Plan is adopted by the Board of Management;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Articles of Association</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the articles of association of the Company as amended from time to time;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Award</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the award of Shares under the terms and conditions of the Plan and the corresponding Award
Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Award Agreement</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the signed written agreement, including all annexes thereto, if any, between the Participant and
the Company, setting forth the terms and conditions of the Award in accordance with Article&nbsp;7;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Award Letter</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the notification of an Award in accordance with Article&nbsp;7;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Board of Management</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of directors of the Company as mentioned in article 13 of the Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Choice Form</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the form used by Employee on which he indicates whether he wishes to participate in the
Incentive Option Plan for Employees and/or Incentive Share Plan for Employees, which form is
submitted to and received by the Company duly signed before the Date of Award;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASML Holding N.V., having its registered seat at De Run 6501, 5504 DR Veldhoven, The
Netherlands, registered with the Chamber of Commerce (<I>Kamer van Koophandel</I>) of Oost-Brabant
under registration number 17085815;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Confirmation Letter of Release</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the notification in respect of the number of Shares that is being released to the Participant at
the Release Date;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Date of Award</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which an Award is made to a Participant, which shall be the date specified in the
Award Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Embargo Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period following the Date of Award as specified in the Award Agreement, in which an Award
cannot be transferred;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Employee</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a natural person who on the Date of Award is employed by the Company in job grades 81 through 91
and who is on her or a Group Company&#146;s payroll on that date;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">3 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Employer</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the Company or Group Company which employs Employee on the Date of Award;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>General Meeting</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the general meeting of shareholders of the Company as mentioned in article 27 of
the Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Group</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the Company and its Group Companies, as may be amended from time to time;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Group Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an affiliated company of the Company, in which the affiliation is determined by section 24c of the Dutch
Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has
its registered office;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Participant</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an Employee of the Company or of any Group Company to whom an Award has been made under the terms and
conditions of this Plan or the heirs of such employee;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Plan</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the terms and conditions of the ASML Incentive Share Plan for Employees including the Award Agreement
and the Confirmation Letter of Release in its present form or as from time to time amended in accordance
with the provisions hereof;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Release (or Released)</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the transfer (&#145;<I>levering&#146;</I>) of Shares to a Participant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Release Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date upon which the Shares underlying an Award are Released and transferred to the Participant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Scheme Audit</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">objective determination of the fulfilment of any conditions attached to the Award by the Company&#146;s
auditor or an independent expert appointed by the Board of Management;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Share</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an ordinary share in the capital of the Company, having a nominal value of EUR 0.09 (nine eurocents) or
any other nominal value such Share may have in the future;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Stock Exchange</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the stock exchange of Euronext Amsterdam, The Netherlands, or the NASDAQ Stock Market New York City, New
York, United States of America;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Supervisory Board</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of supervisory directors of the Company as mentioned in article 20 of the Articles of
Association; and</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Termination for Cause</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil
Code at that time or have the meaning as defined in any other jurisdiction to which a Participant may be
subject.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">4 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;2 Interpretation</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Words or expressions used in the Plan shall where appropriate:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the masculine gender include the feminine and vice versa;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the singular include the plural and vice versa;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment be construed as a reference to that enactment as for the
time being consolidated, amended, re-enacted or replaced and shall include any regulations
made there under;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when a period of time is specified and starts from a given day or the day of an act or event,
be calculated inclusive of that day;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be construed such that the headings and sub-headings are for ease of reference only, and do
not affect the interpretation of any Article;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment or regulations under Dutch law be construed at the discretion
of the Board of Management as a reference to other applicable laws or regulations of any other
country (or region of a country), unless mentioned otherwise; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>references to tax and/or social security contributions and/or withholding taxes shall for
the avoidance of doubt include The Netherlands and any other jurisdiction to which a
Participant may be subject.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;3 Lapse of Awards</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Where under any of the provisions of the Plan or any Award Agreement it is provided that an Award
shall lapse, such lapsed Award shall cease to confer any rights whatsoever on the Participant
notwithstanding any other provisions of this Plan or any Award Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;4 Availability of Shares</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company shall at all times keep available sufficient authorised and un-issued Shares or shall
ensure that sufficient Shares are available for transfer to satisfy Release to the full extent
possible of all Awards that have neither lapsed nor been fully Released taking account of any
other obligations of the Company to procure for the Release of Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;5 Powers</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan shall be adopted by the Board of Management. The Board of Management shall have such
powers and authority with respect to the execution of the Plan, as set out in the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the authority and complete discretion to decide, on an
annual basis and in accordance with a consistent policy regarding frequency, timing and terms
and conditions, to effect Awards and decide the number of Shares to be used to give effect to
such Awards.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan shall be administered by the Board of Management.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management, shall have the authority and complete discretion to:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">5 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>select Employees to whom Awards may from time to time be granted hereunder;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>substitute new Awards for previously granted Awards;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adopt, alter and repeal such administrative rules, guidelines and practices
governing the Plan as it shall, from time to time, deem advisable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determine, for each Award, other terms and conditions or other restrictions, if
any, that will apply to such Award;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>construe and interpret the provisions of the Plan, any Award, any Award
Agreement, any other agreement between Participant and the Company or any Group
Company, any Confirmation Letter of Release or other document executed pursuant to the
Plan or pursuant to any Award granted under the Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amend the terms of any Award granted before, prospectively or retroactively, to
the extent such amendment is consistent with the terms and conditions of the Plan,
including, but not limited to, accelerating the date on which restrictions lapse or to
deem restrictions satisfied; provided that no such amendment or action shall impair the
rights of any Participant without his consent, except to the extent authorised under
the Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determine and communicate, for each Award to which time vesting or other
restrictions apply, whether and to what extent the vesting conditions or other
restrictions applicable to such Award have been met, and, as a consequence, which
number of Shares will be Released;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(viii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>authorise any person to execute on behalf of the Company, any instrument required to
effectuate an Award; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ix)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>make all other determinations deemed necessary or desirable for the
administration of the Plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to this Article&nbsp;5, the Board of Management&#146;s interpretation and construction of any
provision of the Plan, any Award Agreement, any other agreement between Participant and the
Company or any Group Company, any Confirmation Letter of Release or any other instrument
executed under the Plan, shall be final and binding on all persons claiming an interest in an
Award granted under the Plan. To the extent permitted by applicable law, no member of the
Board of Management, nor any officer or employee of the Group acting on behalf of the Board of
Management, shall be personally liable for any action, determination, or interpretation taken
or made in good faith with respect to the Plan, and all members of the Board of Management and
each and any officer or employee of the Group acting on their behalf shall, to the extent
permitted by law, be fully indemnified and protected by the Company in respect of any such
action, determination or interpretation.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;6 Non-Transferability of the Shares</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Award granted is strictly personal and non-transferable. No Award shall, during the Embargo
Period, be capable of being sold, transferred or assigned by the Participant other than in a manner
specified in the Plan and/or Award Agreement, and the Award cannot be charged, pledged, encumbered
or otherwise used for the purpose of creating security title or interest of whatever nature.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">6 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;7 Awards</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An award of Shares can be made quarterly two days after the date of publication of the
Company&#146;s financial results, in accordance with a consistent policy regarding frequency,
timing and terms and conditions, and subject to the ASML Insider Trading Rules and other
applicable mandatory provisions regarding insider trading, as amended from time to time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Award shall be evidenced by an Award Agreement concluded between the Participant and the
Company, setting forth the terms and conditions pertaining to such Award. By signing the Award
Agreement or associated Choice Form, the Participant acknowledges that he has read the Plan
and the ASML Insider Trading Rules and declares that he fully understands and will fully
comply with the provisions of the Plan and the ASML Insider Trading Rules.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Award Agreement shall specify the terms and conditions applicable to the Award, including,
without limitation, the Date of Award, the vesting schedule applicable to the Award, if any,
the Embargo Period, the Release Date and all such other information as required by the terms
and conditions of the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a Participant wishes to participate in the Plan, he is required to return a signed copy of
the Choice Form before the Date of Award of the Award Agreement to the Company within one (1)
calendar month following the date on which the Award Agreement has been signed by the Company.
Award Agreements or Choice Forms signed and returned before this due date will be considered
accepted by the Participant on the date the Award Agreement was signed by the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Participant to whom an Award has been made under the Plan shall not have any rights with
respect to such Award, unless and until such Participant has executed an Award Agreement
evidencing the Award and has delivered a fully executed copy thereof to the Company, and has
otherwise complied with the then applicable terms and conditions. Unless otherwise provided in
an Award Agreement, notwithstanding the foregoing, any Award shall not be considered
outstanding for any purpose, and no dividends, voting or other rights of a shareholder shall
attach to such Award until such time as the conditions and/ or limitations attached, if any,
have been satisfied or have lapsed and the Shares have been Released to the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as provided in the Plan or in an Award Agreement, no consideration shall be payable by
a Participant for an Award made to him.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;8 Conditions for Release</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall have the authority and complete discretion to impose conditions
and limitations in addition to any conditions and limitations contained in this Plan which
must be achieved for the Award to be Released, provided that such additional conditions and
limitations shall:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be objective and are specified in the Award Agreement; and</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">7 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be such that the Release of such an Award after the Scheme Audit and the
fulfilment or attainment of any conditions and limitations so specified shall not be
dependent upon the further discretion of any person, other than the determination by
the Board of Management that such conditions or limitations have been fulfilled based
on the Scheme Audit; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not be capable of amendment, variation or waiver unless a major change in the
organisation and/or the market occurs which causes the Board of Management to consider
that a waived, varied or amended condition would be a fairer measure and would not be
more difficult nor easier to satisfy than any existing additional conditions.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Article&nbsp;10, the number of Shares will be Released upon the
Release Date stated in the Award Agreement provided that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any conditions imposed on the Award in accordance with Article&nbsp;8.1 have, based
on the Scheme Audit, been fulfilled and attained;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Embargo Period has ended; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Participant is employed within the Group at the Release Date.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Where necessary or desirable for the administration of the Plan, the Board of Management
shall establish operating guidelines regarding, inter alia, the procedure for arranging,
operating and completing the Scheme Audit.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Promotion, demotion or transfers within the Company or Group Company of a Participant at any
time during the Embargo Period shall not affect the outstanding Awards and the conditions
attached to these Awards.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;9 Release of Awards</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Article&nbsp;10 and subject to Articles 12.1 to 12.4, the
Company shall Release the Shares to the Participant as soon as practicable following the
Embargo Period. A Release of Shares shall only be made if the Participant has fulfilled all
its obligations towards the Company or any Group Company under this Plan. The Release of
Shares is confirmed to the Participant in the Confirmation Letter of Release.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Release of Shares is subject to the ASML Insider Trading Rules and applicable mandatory
provisions regarding insider trading, as amended from time to time, as well as applicable
laws.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Participant shall not be entitled to any payment or indemnification of damages insofar
such damages arise or may arise from a delayed Release under this Article.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In special circumstances, the Board of Management shall have the power to allow Awards to be
Released at a date prior to the Release Date as may be stipulated in the Award Agreement.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">8 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;10 Termination of Employment</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer during
the Embargo Period for reasons other than those mentioned in Articles 10.3 to 10.5, without
immediate re-employment of Employee by Employer or another Group Company, all outstanding
Awards which have not been released at the time of termination of the employment relationship
shall immediately lapse and become null and void, insofar as Article&nbsp;10.2 is not applicable.
All Awards that have thus become null and void will do so without Participant being entitled
to any compensation in this respect from Employer or another Group Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer as
described in Article&nbsp;10.1, other than being voluntary termination by Employee, the following
&#147;90 Day Period Rule&#148; will apply.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The &#147;90 Day Period Rule&#148; determines that the Award shall be released as per the Release
Date, as specified in the Award Agreement, if the Release Date lies within 90&nbsp;days from the
Date of Notice. The &#147;Date of Notice&#148; for this Article being the date on which the Formal
Notice Period commences. In the absence of a Formal Notice Period, the Award shall be
released as per the Release Date, as specified in the Award Agreement, if the Release Date
lies within 90&nbsp;days from the Date of Termination. The &#147;Date of Termination&#148; for this Article
being the date on which the employment relationship between Employee and Employer is
terminated.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If, during the Embargo Period, Employee is terminated for Cause by Employer, all outstanding
Awards which have not been released at the Date of Notice, or in the absence of a Date of
Notice the Date of Termination, shall immediately lapse and become null and void. All Awards
that have thus become null and void will do so without Participant being entitled to any
compensation in this respect from Employer or another Group Company. Article&nbsp;10.2 is not
applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (i)&nbsp;death, or (ii)&nbsp;incapability to act, all outstanding Awards will be released as
per the Date of Termination. Article&nbsp;10.2 is not applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of termination of the employment relationship between Employee and Employer due to
Employee&#146;s (iii)&nbsp;retirement or (iv)&nbsp;occupational disability (within the meaning of the Dutch
&#147;Work and Income according to Capacity to Work&#148; Act <I>&#091;Wet Werk en Inkomen naar
Arbeidsvermogen&#093;</I>), all outstanding Awards will be released as per the Release Date as
specified in the Award Agreement.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">Retirement for these Plan is defined as (a)&nbsp;leaving the employment of Employer at the age of
55 (fifty five) years or later in case Employee is eligible to (early)&nbsp;retirement payments
paid by a State, Federal or private pension fund, or (b)&nbsp;leaving the employment of Employer
under the &#147;Rule of 65&#148; without being eligible to (early)&nbsp;retirement payments paid by a
State, Federal or private pension fund.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">9 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML Incentive Share Plan for Employees</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Plan in case
Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10
(ten)&nbsp;years of continued employment with ASML, Group Company or her legal predecessors. For
every additional year in excess of 55 (fifty five) years of age, Employee is required to
have one year less of continued employment, until the age of 65 (sixty five) years. Employee
is deemed to retire for this Plan in case Employee leaves the employment of Employer at the
age of 65 (sixty five) years with one or less years of continued employment with ASML, Group
Company or her legal predecessors. Article&nbsp;10.2 is not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;11 Shareholder Rights</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shares granted under the Plan shall be subject to any necessary regulatory consents for the
time being in force and it shall be the responsibility of the Company and, where relevant of
the Participant, to comply with any requirements to be fulfilled in order to obtain or obviate
the necessity for any such consent. In addition, no Shares shall be Released prior to the
satisfaction of any and all applicable legal and regulatory requirements relating to such
release.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise provided in an Award Agreement, Shares subject to an Award granted under the
Plan will be granted without the benefit of any rights (including shareholder rights)
attaching thereto by reference to a record date preceding the Release Date. Except for such
rights attaching to Shares by reference to a record date prior to the date on which the Shares
are allotted and issued, Released Shares shall be identical and rank pari passu in all
respects with the Shares in the same class then in issue.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;12 Tax, social security and costs</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All applicable personal taxes and employee social security contributions as a result of or in
respect of the implementation of the Plan shall be borne by the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It shall be the obligation of the Company to issue or to procure the Release of the Shares to
the Participant and the Participant shall permit the Company or any other Group Company to
withhold and account for an amount equal to any wage or income tax, employee&#146;s social security
contributions liability and any other liabilities for which the Company or a group Company as
the case may be, has an obligation to withhold and account.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Whenever Awards are to be granted under the Plan, the Company or any Group Company may
require the Participant to remit to the Company or a Group Company or upon the request of the
Participant to deduct as a one-off payment from the net salary or the net annual bonus (if
any) of the Participant, an amount sufficient to satisfy all withholding tax requirements at
the time of Release, including, but not limited to, the withholding of wage tax, income tax
and employee social security contributions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan is based on the applicable tax and social security legislation and regulations
prevailing at the Adoption Date. If any tax and/or social security legislation or regulations
are amended after the Adoption Date and any tax or employee social security contributions
become payable, the costs and risks related thereto shall be borne by the Participant.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">10 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML
Incentive Share Plan for Employees</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as described in this Article&nbsp;12, any tax or similar liability arising out of the sale
or disposal of Shares by the Participant shall be the sole responsibility of the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The costs of introducing, adopting, operating and administering this Plan shall be borne by
the Company. Except for the Release of Shares, the costs associated with the sale and
retention of the Shares shall be borne by the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall, where appropriate, recharge the costs of operating the Plan to its
participating Group Companies if and to the extent Participants are employed by these Group
Companies.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;13 Reporting obligations</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company shall not issue or procure the transfer of Shares to Participants, until such time as
the Company is satisfied that the Company or Group Company that employs the Participant and
the Participant are aware of, and will carry out, their reporting obligations in respect of
the transfer or issue of Shares where necessary.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;14 Variation of Capital</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Article&nbsp;16, in the event of a share split, reverse share split, any capitalisation
issue (other than a capitalisation issue in substitution for, or as an alternative to, a cash
dividend), or rights issue or rights offer or any reduction, sub-division, consolidation or
other variation of the capital of the Company affecting the number of Shares in issue
(including any change in the currency in which Shares are denominated) the number of Shares
subject to any Award and reserve for distribution under the Plan shall be equitably adjusted
by the Company without prejudice (including retrospective adjustments where appropriate) in
such manner as the Company considers to be in its opinion fair and reasonable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notice of any adjustment shall be given by the Company to those Participants affected by such
adjustment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;15 Plan Amendments, Termination and Special Provisions</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the Articles of Association, the Board of Management may from time to time at its
absolute discretion amend, alter, or terminate the Plan, for such reason as the Board of
Management, in its sole discretion, deems appropriate, including to facilitate the
administration of the Awards, to reflect changes in legislation or to obtain or maintain a
favourable tax, exchange control, legal, accounting or regulatory treatment for Participants,
the Company or any other Group Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management shall obtain approval of the Supervisory Board and/ or the General
Meeting, if applicable, for any amendment that would require such approval in order to satisfy
the requirements of applicable law, Articles of Association or stock exchange rules.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">11 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ASML
Incentive Share Plan for Employees</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management may amend the terms of any Award theretofore granted, prospectively
or retroactively; however, subject to Articles 14 or 15 of the Plan, no such amendment shall
impair the rights of any Participant without his consent.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;16 Notification</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written notice of any amendment made in accordance with the terms of this Plan shall be given
to those Participants affected by such amendment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any notice or other document required to be given to any Participant with respect to the
operation of the Plan shall be regarded as correctly addressed if sent to the address of the
Participant as recorded in the Staff Records Department of the Company or any other address as
may appear to the Company to be appropriate, or by e-mail message or in any other format
agreed in advance between the Participant and the person giving the notice on behalf of the
Board of Management. Any notice or other document required to be given by a Participant to the
Company, any other Group Company or the Board of Management shall be delivered in the format
required by the Company, any other Group Company or the Board of Management as communicated to
the Participant in advance. Notices sent by regular mail, unless received earlier, shall be
deemed to have been given on the fifth day following the date the notice is post-marked.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Participants shall be subject to and bound by the terms and conditions of applicable insider
trading rules as set forth in the ASML Insider Trading Rules and applicable mandatory
provisions, as amended from time to time, as well as any and all applicable laws. Such ASML
Insider Trading Rules, mandatory provisions and applicable laws may restrict the rights of the
Participants under this Plan. Participants are expected to be familiar with the ASML Insider
Trading Rules, the insider trading rules and any other information, guidance and/or
regulations issued by the Company or any other Group Company or relevant governmental or
regulatory bodies, and neither the Company nor any other Group Company shall incur any
liability in the event the Participant fails to comply with such rules.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;17 Disputes</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The decision of the Board of Management in any dispute or question relating to any Award shall be
final and conclusive subject to the terms and conditions of this Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;18 Governing law</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Plan, including its formation, existence,
construction, performance, validity and all aspects whatsoever of the Plan, any term of the Plan and Award
made under it, shall be governed by the law of The Netherlands, except where mandatory local law shall apply.
The Company and the Participants irrevocably submit, in respect of any suit, action or proceeding related to the
interpretation or enforcement of the Plan, to the exclusive jurisdiction of the District Court
of &#145;s-Hertogenbosch, The Netherlands.</DIV>




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">*****
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">044 070922 JHak T&#038;C ASML Incentive Share Plan for Employees &#151; version 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">12 of 12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.9
<SEQUENCE>8
<FILENAME>u56110exv4w9.htm
<DESCRIPTION>EXHIBIT 4.9
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.9</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;4.9
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="u56110u5611001.gif" alt="(ASML LOGO)">
</DIV>


<DIV align="left" style="font-size: 14pt; margin-top: 12pt">Terms and Conditions of the ASML<BR>
Restricted Stock Plan (version 2)
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Contents</B>
</DIV>

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<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
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<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DEFINITIONS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">INTERPRETATION</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LAPSE OF AWARDS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AVAILABILITY OF SHARES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">POWERS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ELIGIBILITY</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NON-TRANSFERABILITY OF THE SHARES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AWARDS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VESTING CONDITIONS AND PERFORMANCE CONDITIONS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TERMINATION OF EMPLOYMENT</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">RELEASE OF AWARDS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NO GUARANTEE OF EMPLOYMENT</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LEGAL AND REGULATORY
REQUIREMENTS&#146; SHAREHOLDER RIGHTS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TAXES, WITHHOLDINGS AND COSTS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SECTION 83 OF THE CODE</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">REPORTING OBLIGATIONS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 17</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VARIATION OF CAPITAL</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 18</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CHANGE OF CONTROL OF THE COMPANY</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 19</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PLAN AMENDMENTS, TERMINATION AND SPECIAL PROVISIONS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 20</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NOTIFICATION</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 21</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DISPUTES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 22</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">UNFUNDED STATUS OF THE PLAN; UNSECURED RIGHT</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 23</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">GOVERNING LAW</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Related document</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In these terms and conditions reference is being made to the ASML Insider Trading Rules&nbsp;2005, as
amended from time to time (the &#145;ASML Insider Trading Rules&#146;). This document can be consulted on the
ASML Intranet. In case of the absence of access to the ASML Intranet, the Employee will be provided
with a hard copy of this document.
</DIV>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(2 of 17)</TD>
</TR>
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</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;1 Definitions</B>
</DIV>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the terms and conditions of the Plan and in the related document, the following words and
expressions shall have the meanings set out below, unless explicitly stated otherwise:</TD>
</TR>

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    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Adoption Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which the Plan is adopted by the Supervisory Board;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Articles of Association</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the articles of association of the Company, as amended from time to
time;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Award</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the award of Restricted Stock under the terms and conditions of the Plan and
the corresponding Award Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Award Agreement</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the signed written agreement, including all annexes thereto, between
the Participant and the Company, setting forth the terms and conditions of an Award in
accordance with Article&nbsp;8;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Award Letter</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the notification of an Award in accordance with Article&nbsp;8;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Board of Management</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of directors of the Company as mentioned in Article&nbsp;13
of the Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Code</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the U.S. Internal Revenue Code of 1986, as amended from time to time, or any
successor statute;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Committee</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">such person or committee of persons and successor person or successor committee of
persons appointed by the Board of Management to which the Board of Management has
delegated such of its powers in relation to the Plan, any Award Agreement or any other
agreement between Participant and the Company, as it may determine including any duly
appointed agent or delegate of the Committee; provided, however, that the Committee
shall be comprised of such individuals as may be necessary or appropriate to satisfy
applicable securities, tax or other applicable law;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASML Holding N.V., having its registered seat at De Run 6501, 5504 DR Veldhoven, The
Netherlands, registered with the Chamber of Commerce (<I>Kamer van Koophandel</I>) of
Oost-Brabant under registration number 17085815;</TD>
</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Confirmation Letter of Release</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the notification in respect of the number of Shares that is
being released to the Participant at the Release Date;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(3 of 17)</TD>
</TR>
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<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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    <TD width="67%">&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Date of Award</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date on which an Award is made to a Participant, which shall be
the date specified in any Award Agreement;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>General Meeting</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the general meeting of shareholders of the Company as mentioned in article
27 of the Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Group</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the Company and its Group Companies, as may be amended from time to time;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Group Company</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an affiliated company of the Company, as may change from time to time,
in which the affiliation is determined by article 2:24c of the Dutch Civil Code,
irrespective of the jurisdiction of such company and irrespective of the place where it
has its registered office;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Holding Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period after the Release Date in which the Shares acquired upon Release
are subject to Transfer Restrictions in accordance with the terms and conditions of the
Plan or any Award Agreement or as otherwise required in order to comply with applicable
law or Company policies;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Incentive Payout Levels</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the predefined ranges used to determine the level of payout in the
form of Restricted Stock to Participants in accordance with the Performance Based
Restricted Stock Notice;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Outside Director</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">a member of the Supervisory Board who satisfies the requirements of an
outside director for the purposes of Section&nbsp;162(m) of the Code or Section&nbsp;16 of the
Securities Exchange Act, as the case may be;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Participant</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an employee of the Company or Group Company to whom an Award has been made under
the terms and conditions of the Plan and Award Agreement, Award Letter and/or the
Performance Based Stock Notice and/or any other agreement between the employee or the
heirs of such employee and the Company;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Based</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Restricted Stock</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the right to receive an Award at the end of the Performance Period, which
right is conditional upon the fulfilment of the Performance Conditions as set forth in
any Performance Based Restricted Stock Notice or Award Agreement;</TD>
</TR>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(4 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Based</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Restricted Stock Notice</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the notification to the Participant of the Performance Conditions,
including without limitation any Incentive Payout Levels, and the Performance Period
attached to an Award of Performance Based Restricted Stock to be made to the
Participant pursuant to the terms and conditions of the Plan following the Performance
Based Restricted Stock Payment Date after the completion of the Scheme Audit;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Based</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Restricted Stock Payment Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the last day of the relevant Performance Period;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Conditions</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">certain conditions or restrictions, the satisfaction or lapsing of
which are required in order for Performance Based Restricted Stock to be awarded at the
end of the Performance Period, in accordance with the Plan, any Award Agreement and/or
any Performance Based Restricted Stock Notice;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Performance Period</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the period over which the fulfilment of the Performance Conditions is
measured in accordance with terms and conditions of the Plan, as stated in any Award
Agreement and/or any Performance Based Restricted Stock Notice;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Plan</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the terms and conditions of the ASML Restricted Stock Plan as amended from time
to time in accordance with the provisions hereof;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Release (or Released)</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the transfer of Shares to a Participant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Release Date</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the date upon which Shares underlying an Award are Released and transferred to
the Participant;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Restricted Stock</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an award of Shares that grants a Participant the right to receive Shares at
the Release Date, where such right is conditional upon the terms and conditions of this
Plan and any applicable Award Agreement between the Participant and the Company.
Restricted Stock may be either Performance Based Restricted Stock or Time Vested
Restricted Stock;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Scheme Audit</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">objective determination of the fulfilment of the Performance Conditions at the
end of the Performance Period by the Company&#146;s auditor or an independent expert
appointed by the Supervisory Board;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(5 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Securities Exchange Act</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the Securities Exchange Act of 1934, as amended from time to time,
or any successor statute;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Share</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">an ordinary share in the capital of the Company, having a nominal value of EUR
0.09 (nine eurocents) or any other nominal value such Share may have in the future;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Stock Exchange</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the stock exchange of Euronext Amsterdam NV, The Netherlands, or the
NASDAQ Global Market New York City, New York, United States of America;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Supervisory Board</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the board of supervisory directors of the Company as mentioned in article
20 of the Articles of Association;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Time Vested Restricted Stock</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restricted Stock that grants a Participant the right to
receive Shares at the Release Date, where such right is conditional upon the
Participant&#146;s continued employment with the Group and the fulfilment of any other
applicable terms and conditions of this Plan and the applicable Award Agreement; and</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Transfer Restrictions</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">restrictions on the disposition of any Shares acquired upon Release
during the Holding Period, including but not limited to transfer restrictions and
obligations as determined in the applicable Award Agreement.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;2 Interpretation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Words or expressions used in the Plan shall where appropriate:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the masculine gender include the feminine and vice versa;<BR></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when denoting the singular include the plural and vice versa;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment be construed as a reference to that enactment as for the
time being consolidated, amended, re-enacted or replaced and shall include any regulations
made there under;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when a period of time is specified and starts from a given day or the day of an act or event,
be calculated inclusive of that day;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be construed such that the headings and sub-headings are for ease of reference only, and do
not affect the interpretation of any article;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when referring to any enactment or regulations under Dutch law be construed at the discretion
of the Board of Management as a reference to other applicable laws or regulations of any other
country (or region of a country); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>references to tax and/or social security contributions and/or withholding taxes shall for
the avoidance of doubt include The Netherlands, the U.S. and/or any other jurisdiction to
which a Participant may be subject.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(6 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;3 Lapse of Awards</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Where under any of the provisions of the Plan or any Award Agreement it is provided that an Award
shall lapse, such lapsed Award shall cease to confer any rights whatsoever on the Participant
notwithstanding any other provisions of this Plan and any Award Agreement between Participant and
the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;4 Availability of Shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company shall at all times keep available sufficient authorised and un-issued Shares or shall
ensure that sufficient Shares are available for transfer to satisfy Release to the full extent
possible of all Awards that have neither lapsed nor been fully Released taking account of any
other obligations of the Company to procure for the Release of Shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;5 Powers</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan shall be adopted by the Supervisory Board. The Supervisory Board shall have such
powers and authority as set out in this Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Supervisory Board shall have the authority and complete discretion to decide, on a
quarterly basis and in accordance with a consistent policy regarding frequency, timing and
terms and conditions, to effect Awards and decide the number of Shares to be used to give
effect to such Awards.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan shall be administered by the Board of Management. The Board of Management shall have
such powers and authority delegated to it as set out in the Plan. However, the Board of
Management shall determine as soon as practicable after the Adoption Date or at any time, or
from time to time thereafter, if, how and to what extent any of its powers shall be delegated
to the Committee. The Committee shall be provided with written guidelines to this effect,
notwithstanding the authority of the Board of Management to amend or withdraw any such
delegation of powers at any time. For purposes of the Plan and any applicable Award Agreement,
references to the Board of Management will include the Committee where the context permits.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management, or the Committee if so appointed, shall have the authority and
complete discretion to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>select Participants to whom Awards may from time to time be granted hereunder;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>decide the frequency, timing and terms and conditions, of Awards, and the
number of Shares to be used to give effect to such Awards;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>substitute new Awards for previously granted Awards;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adopt, alter and repeal such administrative rules, guidelines and practices
governing the Plan as it shall, from time to time, deem advisable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determine, for each Performance Based Restricted Stock Notice or Award, the
Performance Conditions and/or vesting requirements, other terms and conditions or other
restrictions, if any, that will apply to such Award or Performance Based Restricted
Stock Notice;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(7 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determine, for each Performance Based Restricted Stock Notice or Award, the
vesting schedule, if any, applicable to the Award or Performance Based Restricted Stock
Notice;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>construe and interpret the provisions of the Plan, any Performance Based
Restricted Stock Notice, any Award, any Award Agreement, any other agreement between
Participant and the Company, any Confirmation Letter of Release or other document
executed pursuant to the Plan or pursuant to any Performance Based Restricted Stock
Notice or Award granted under the Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(viii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amend the terms of any Award theretofore made, prospectively or retroactively, to the
extent such amendment is consistent with the terms and conditions of the Plan,
including to accelerate the date on which any Award becomes vested or restrictions
lapse and to deem any Performance Conditions or other restrictions satisfied; provided
that no such amendment or action shall impair the rights of any Participant without his
consent except to the extent authorised under the Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ix)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determine and communicate, for any Performance Based Restricted Stock Notice or
Award to which Performance Conditions, time vesting or other restrictions apply,
whether and to what extent the Performance Conditions, vesting conditions or other
restrictions applicable to such Notice or Award have been met, and, as a consequence,
the number of Shares to be Released;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(x)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determine, for each Award, the Transfer Restrictions, if any, that will be
applicable to the Shares following the Release;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(xi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>authorise any person to execute on behalf of the Company, any instrument
required to effectuate an Award; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(xii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>make all other determinations deemed necessary or desirable for the
administration of the Plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the foregoing, if at any time the Committee to which some or all
administrative duties under this Plan have been delegated, shall not be in office, then the
Board of Management shall exercise the functions of the Committee specified in this Plan. The
Board of Management may exercise any or all of the functions of the Committee specified in
this Plan, except that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at such time as any Award is subject to the limitations under Section 162(m) of
the Code, the Plan shall be administered by a committee of the Supervisory Board
consisting solely of Outside Directors who satisfy the applicable requirements of
Section&nbsp;162(m);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at such time as the Company or any Group Company are subject to the limitations
under Section 16(b) of the Securities Exchange Act, the committee of the Supervisory
Board shall consist solely of Outside Directors who satisfy the applicable requirements
of Section 16(b) of the Securities Exchange Act; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to the extent applicable, the Plan shall be administered by a committee of the
Supervisory Board that is comprised solely of members who satisfy the applicable
requirements of any stock exchange on which the Shares may then be listed.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to this Article&nbsp;5, the Board of Management or the Committee&#146;s interpretation and
construction of any provision of the Plan, any Performance Based Restricted Stock Notice or
Award Agreement, any other agreement between Participant and the Company or any Group</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(8 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">Company, any Confirmation Letter of Release or any other instrument executed under the Plan,
shall be final and binding on all persons claiming an interest in an Award granted under the
Plan. To the extent permitted by applicable law, no member of the Board of Management or the
Committee, nor any officer or employee of the Group acting on behalf of the Board of
Management or the Committee, shall be personally liable for any action, determination, or
interpretation taken or made in good faith with respect to the Plan, and all members of the
Board of Management or the Committee and each and any officer or employee of the Group
acting on their behalf shall, to the extent permitted by law, be fully indemnified and
protected by the Company in respect of any such action, determination or interpretation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;6 Eligibility</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Employees, including senior and executive management of the Group, not being members of the Board
of Management, who are responsible for or contribute to the management, growth and/or
profitability of the business of the Group are eligible to be granted Awards under this Plan.
Participants under the Plan shall be selected from time to time by the Board of Management, or
the Committee if so appointed, in its sole discretion.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;7 Non-Transferability of the Shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subject to the provisions of the Plan or any Award Agreement, the Participant is required to retain
his Shares during the Holding Period even if his employment with the Company or a Group Company is
terminated for whatever reason. No Shares shall, during the Holding Period, or such other period
specified in an Award Agreement, be capable of being sold, transferred or assigned by the
Participant other than in a manner specified in the Plan and/or applicable Award Agreement, and the
Shares cannot be charged, pledged, encumbered or otherwise used for the purpose of creating
security title or interest of whatever nature. During the Holding Period, the Participant shall not
be allowed to issue or grant any option or similar instruments over Shares, unless specified
otherwise in the Award Agreement. Within these limits, the Board of Management, or the Committee if
so appointed, may provide for the lapse of such restrictions in instalments where deemed
appropriate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;8 Awards</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Awards can be made quarterly two days after the date of publication of the Company&#146;s
financial results, in accordance with a consistent policy regarding frequency, timing and
terms and conditions, or, as the case may be, upon the occurrence of a specific event, at any
time on or after the Adoption Date. The Awards, including the Shares underlying such Awards,
shall at all times be subject to the ASML Insider Trading Rules and applicable mandatory
provisions regarding insider trading, as amended from time to time, as well as any and all
applicable laws.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Award shall be evidenced by an Award Agreement entered into between the Participant and
the Company as deemed necessary or appropriate, setting forth the terms and conditions
pertaining to such Award. By signing the Award Agreement, the Participant acknowledges that he
has read the Plan and the ASML Insider Trading Rules and declares that he fully</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(9 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">understands and will fully comply with the provisions of the Plan and the ASML Insider
Trading Rules.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Award Agreement shall specify the terms and conditions applicable to the Award, including,
without limitation, the Date of Award, the vesting schedule applicable to the Award, and/or
other terms and conditions or restrictions applicable to the Award, if any, the Release Date,
the Transfer Restrictions, if any, and all such other information as required by the terms and
conditions of the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a Participant wishes to participate in the Plan, he is required to return a signed copy of
the Award Agreement to the Company within thirty (30)&nbsp;calendar days after the date the Award
Agreement has been signed by the Company, or within the time period otherwise established by
the Board of Management or Committee, if so appointed, or as set forth in the Award Agreement.
Award Agreements signed and returned before this due date will be considered accepted by the
Participant on the date the Award Agreement was signed by the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Participant granted an Award of Restricted Stock under the Plan shall not have any
rights with respect to such Award, unless and until such Participant has executed an Award
Agreement evidencing the Award and has delivered a fully executed copy thereof to the Company,
and has otherwise complied with the then applicable terms and conditions. Unless otherwise
provided in an Award Agreement, notwithstanding the foregoing, any Award of Performance Based
Restricted Stock shall not be considered outstanding for any purpose, and no dividends, voting
or other rights of a shareholder shall attach to such Performance Based Restricted Stock until
such time as the Performance Conditions and any other conditions have been satisfied or have
lapsed and the Shares have been Released to the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as provided in the Plan or in an Award Agreement, no consideration shall be payable by
a Participant for an Award made to him.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;9 Vesting Conditions and Performance Conditions</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Awards granted under the Plan shall be subject to such vesting and/or other terms and
conditions or restrictions as set forth in an Award Agreement. The Board of Management, or the
Committee if so appointed, shall have the authority and complete discretion to impose vesting
requirements and/or other terms and conditions or restrictions on any Award made under the
Plan, which must be satisfied prior to the Release of the Shares subject to such Award. Such
vesting requirements and/or other terms and conditions or restrictions, if applicable, shall
be set forth in the applicable Award Agreement or any other agreement between the Participant
and the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The right to receive Performance Based Restricted Stock under the Plan shall be subject
to such Performance Conditions, including any Incentive Payout Levels, as set forth in the
Performance Based Restricted Stock Notice. If the applicable Performance Conditions are
fulfilled at the Performance Based Restricted Stock Payment Date, as determined in a Scheme
Audit, then an Award shall be made to the Participant and the terms and conditions of such
Award shall be laid down in the Award Agreement, provided that the Participant is</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">(10 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">employed by the Group at the Date of Award, except as otherwise provided in the Plan or the
applicable Award Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;10 Termination of Employment</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that a Participant&#146;s employment is terminated prior to the Release Date,
treatment of such Award shall be determined pursuant to the terms and conditions set forth in
the applicable Award Agreement or any other agreement between the Participant and the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except to the extent provided in an Award Agreement or any other agreement between the
Participant and the Company, upon termination of the Participant&#146;s employment for any reason
prior to the Release Date, all Shares still subject to any restriction, and/or other condition
shall be forfeited by the Participant. The Board of Management, or the Committee if so
appointed, may in its sole discretion, when it finds that a waiver would be in the best
interest of the Company, waive in whole or in part any or all remaining restrictions,
Performance Conditions or other conditions with respect to the Shares underlying a
Participant&#146;s Award.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except to the extent provided in an Award Agreement or any other agreement between the
Participant and the Company or any Group Company, where the employment of the Participant
terminates for whatever reason, the Participant shall not be entitled to any compensation or
damages including damages following unfair dismissal, any other form of breach of contract or
any claim for compensation for the loss of employment insofar as such compensation or damages
arise or may arise from the Participant ceasing to have rights under, or ceasing to be
entitled to receive Restricted Stock under this Plan as a result of such termination. The Plan
shall not at any time affect the rights of the Company or any Group Company to terminate such
Participant&#146;s status as a Participant, whether with or without cause.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;11 Release of Awards</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shares underlying Awards shall be Released only upon satisfaction of all terms and
conditions set forth in the Plan, the applicable Award Agreement or any other agreement
between the Participant and the Company to the Participant as soon as practicable following
the date on which the vesting requirements and/or other conditions or restrictions have
lapsed. Notwithstanding the foregoing, if the Company reasonably determines that it is
necessary or appropriate for any portion of the Award to be delayed in order to avoid
additional tax, interest and/or penalties under Section&nbsp;409A of the Code, then such portion
of the Award shall be made on the earliest date permitted under Section&nbsp;409A of the Code
without the imposition of any additional tax, interest and/or penalties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Release of Shares shall be confirmed to the Participant in the Confirmation Letter
of Release.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and following the Release Date, the Shares may be subject to Transfer Restrictions
during the Holding Period and to any other obligations as set forth in the Award Agreement
and reconfirmed in the Confirmation Letter of Release.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">(11 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Release of Shares shall be subject to the ASML Insider Trading Rules and applicable
mandatory provisions regarding insider trading, as amended from time to time, as well as all
applicable laws.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Participant shall not be entitled to any payment for or indemnification of damages
insofar as such damages arise or may arise from a delayed Release of Shares under this
Article&nbsp;11.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management, or the Committee if so appointed, shall have the power to allow
Awards to be released at a date prior to the Release Date, as may be stipulated in the Award
Agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;12 No Guarantee of Employment</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Nothing in the Plan, Performance Based Restricted Stock Notices, Award Agreements or other
related documents by themselves or in combination shall be construed as an express or implied
contract of employment or a guarantee of continued future employment, unless expressly stated
in such document.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Award made under this Plan or any Award Agreement or Performance Based Restricted Stock
Notice communicated under this Plan shall not be, or construed to be, a guarantee to the
Participant that the employment of the Participant with the Company or with any Group Company
will continue.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except to the extent provided in the Performance Based Restricted Stock Notice or any Award
Agreement, upon termination of employment for any reason prior to the Release Date, all Shares
still subject to any restriction, Performance Condition or other condition shall be forfeited
by the Participant. The Committee may, in its sole discretion, when it finds that a waiver
would be in the best interest of the Company, waive in whole or in part any or all remaining
restrictions, Performance Conditions or other conditions with respect to the Shares underlying
a Participant&#146;s Award.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any benefits derived by the Participant under this Plan shall not be taken into account for
the purposes of determining the Participant&#146;s contribution or entitlement to benefits under
any pension or retirement arrangement or for the purposes of determining any other claim for
compensation the Participant may have against the Company or against a Group Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Award made under the Plan shall not entitle nor preclude, unless otherwise agreed between
the Participant and the Company or any Group Company, the Participant from participating in
another Award under the Plan or from participating in any other plan operated by the Company
or Group Company.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;13 Legal and Regulatory Requirements&#146; Shareholder Rights</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shares granted under the Plan shall be subject to any necessary regulatory consents for the
time being in force and it shall be the responsibility of the Company and, where relevant of
the Participant, to comply with any requirements to be fulfilled in order to obtain or obviate
the</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">(12 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">necessity for any such consent. In addition, no Shares shall be Released prior to the
satisfaction of any and all applicable legal and regulatory requirements relating to such
Release.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise provided in an Award Agreement, Shares subject to an Award granted under the
Plan will be granted without the benefit of any rights (including shareholder rights)
attaching thereto by reference to a record date preceding the Release Date. Except for such
rights attaching to Shares by reference to a record date prior to the date on which the Shares
are allotted and issued, Released Shares shall be identical and rank pari passu in all
respects with the Shares in the same class then in issue.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;14 Taxes, Withholdings and Costs</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All applicable taxes and withholdings resulting from any Award granted or Released to a
Participant under the Plan shall be the sole responsibility of the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It shall be a condition of the obligation of the Company to issue or to procure the Release
of the Shares to the Participant and the Participant shall permit the Company or any other
Group Company to withhold and account for an amount equal to any applicable tax or
withholding. The Participant shall pay to the Company or the applicable Group Company
promptly upon request, and in any event at the time the Participant recognises taxable income
in respect to the Shares subject to the Restricted Stock or, if the Participant makes an
election under Section 83(b) of the Code in connection with such grant pursuant to Article&nbsp;15
of this Plan, an amount equal to the taxes the Company determines it is required to withhold
under applicable tax laws with respect to the Shares subject to the Restricted Stock. The
Participant may satisfy the foregoing requirement by making a payment to the Company in cash
or in such other manner as determined by the Board of Management or the Committee, if so
appointed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan is based on the applicable tax and other legislation and regulations in effect as of
the Adoption Date. If any tax law or other legislation or regulations are adopted or amended
after the Adoption Date, any resulting tax or other liability shall be the sole responsibility
of the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as described in this Article&nbsp;14, any tax or similar liability arising out of the sale
or disposal of Shares by the Participant shall be the sole responsibility of the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The costs of introducing, adopting, operating and administering this Plan shall be borne by
the Company. Except for the Release of Shares, the costs associated with the sale and
retention of the Shares shall be borne by the Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall, where appropriate, recharge the costs of operating the Plan to its
participating Group Companies if and to the extent Participants are employed by these Group
Companies.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">(13 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;15 Section&nbsp;83 of the Code</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If any Participant shall, in connection with the grant of an Award or a Performance Based Stock
Notice under the Plan, make the election permitted under Section 83(b) of the Code (<I>i.e., </I>an
election to include in gross income in the year of transfer the amounts specified in Section
83(b) of the Code), such Participant shall notify the Company of such election within five
days of filing notice of the election with the U.S. Internal Revenue Service, in addition to
any filing and a notification required pursuant to regulation issued under the authority of
Section 83(b) of the Code.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;16 Reporting obligations</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company shall not issue or procure the transfer of Shares to Participants, until such time as
the Company is satisfied that the Company or Group Company that employs the Participant and
the Participant are aware of, and will carry out, their reporting obligations in respect of
the transfer or issue of Shares where necessary.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;17 Variation of Capital</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Article&nbsp;19, in the event of a share split, reverse share split, any capitalisation
issue (other than a capitalisation issue in substitution for, or as an alternative to, a cash
dividend), or rights issue or rights offer or any reduction, sub-division, consolidation or
other variation of the capital of the Company affecting the number of Shares in issue
(including any change in the currency in which Shares are denominated) the number of Shares
subject to any Award and reserve for distribution under the Plan shall be equitably adjusted
by the Company without prejudice (including retrospective adjustments where appropriate) in
such manner as the Company considers to be in its opinion fair and reasonable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notice of any adjustment shall be given by the Company to those Participants affected by such
adjustment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;18 Change of Control of the Company</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the Articles of Association, required approval of the General Meeting and any
applicable laws as well as the terms and conditions of any applicable Award Agreement, in the
event of the Company&#146;s dissolution, liquidation, sale of all or substantially all of its
assets, merger, split, consolidation or similar transaction, change in control or
share-for-share exchange, the Board of Management shall have the power to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>with respect to any Awards, provide that part or all applicable vesting
requirements or other conditions or requirements shall be deemed to be satisfied and
for all or part of the outstanding Shares subject to the Award, the Shares shall be
Released within six months of the date the Board of Management has determined that the
transaction or event has occurred in line with the provisions of this Article&nbsp;18 and
that the applicable requirements of Articles 18.2 to 18.5 have been satisfied; or</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">(14 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provide for the payment of an amount in cash equal to the closing price on the
relevant Stock Exchange of the Shares to be Released as described in Article&nbsp;18.1(i) at
the date the change of control has occurred; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>take whatever actions or other steps that the Board of Management considers
necessary or appropriate.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Article&nbsp;19.1 all adjustments and/or payments described in Article&nbsp;18.1 sub (i),
(ii)&nbsp;and (iii)&nbsp;shall be made by the Board of Management and shall be checked and approved by
an independent advisor. Such approval shall be conclusive and binding on all persons.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as expressly provided in this Article&nbsp;18, no Participant shall be afforded any rights
by reason of any capital or corporate reorganisation of the Company. Any new Awards or the
replacement of Awards shall not affect any Awards previously effected under the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Award effected pursuant to the Plan shall not affect in any way the right or power of the
Company to effect any capital or corporate reorganisation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a corporate event occurs constituting a change of control of a Group Company due to which
the Participant is no longer employed within the Group, the Board of Management can at its
absolute discretion provide for any adjustments or payments as deemed appropriate such as,
inter alia, continuation of the Plan or settlement of the outstanding Awards of the
Participant immediately prior to such corporate event.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;19 Plan Amendments, Termination and Special Provisions</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the Articles of Association, the Supervisory Board may from time to time at its
absolute discretion amend, alter, or terminate the Plan, for such reason as the Supervisory
Board, in its sole discretion, deems appropriate, including to facilitate the administration
of the Awards, to reflect changes in legislation or to obtain or maintain a favourable tax,
exchange control, legal, accounting or regulatory treatment for Participants, the Company or
any other Group Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Without limiting the foregoing, if and to the extent that any provision of an Award is
required to comply with Section&nbsp;409A of the Code, such provision shall be administered and
interpreted in a manner consistent with the requirements of such Section. If and solely to the
extent that such provision as currently written would conflict with Section&nbsp;409A of the Code,
the Board of Management, or the Committee, if so appointed, shall have the authority, without
the consent of the Participant, to administer such provision and to amend the Award with
respect to such provision to the extent the Board of Management or the Committee deems
necessary or appropriate for the purposes of avoiding any portion of amounts owed to the
Participant being retroactively included in the taxable income of the Participant for any
prior taxable year.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In addition, unless the Board of Management determines otherwise, the Board of Management
shall obtain approval of the Supervisory Board or, if applicable, the General Meeting, for any
amendment that would require such approval in order to satisfy the requirements of applicable
law or Stock Exchange rules.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">(15 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Management, or the Committee if so appointed, may amend the terms of any Award
theretofore granted, prospectively or retroactively; however, subject to Articles 17 or 18 of
the Plan, no such amendment shall impair the rights of any Participant without his consent.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;20 Notification</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">20.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written notice of any amendment made in accordance with the terms of this Plan shall be given
to those Participants affected by such amendment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">20.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any notice or other document required to be given to any Participant with respect to the
operation of the Plan shall be regarded as correctly addressed if sent to the address of the
Participant as recorded in the Staff Records Department of the Company or any other address as
may appear to the Company to be appropriate, or by e-mail message or in any other format
agreed in advance between the Participant and the person giving the notice on behalf of the
Board of Management or such committee designated by the Board of Management for this purpose.
Any notice or other document required to be given by a Participant to the Company, any other
Group Company or the Board of Management shall be delivered in the format required by the
Company, any other Group Company or the Board of Management as communicated to the Participant
in advance. Notices sent by regular mail, unless received earlier, shall be deemed to have
been given on the fifth day following the date the notice is post-marked.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">20.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Participants shall be subject to and bound by the terms and conditions of applicable insider
trading rules as set forth in the ASML Insider Trading Rules and applicable mandatory
provisions, as amended from time to time, as well as any and all applicable laws. Such ASML
Insider Trading Rules, mandatory provisions and applicable laws may restrict the rights of the
Participants under this Plan. Participants are expected to be familiar with the ASML Insider
Trading Rules, the insider trading rules and any other information, guidance and/or
regulations issued by the Company or any other Group Company or relevant governmental or
regulatory bodies, and neither the Company nor any other Group Company shall incur any
liability in the event the Participant fails to comply with such rules.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;21 Disputes</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The decision of the Board of Management in any dispute or question relating to any Award shall be
final and conclusive subject to the terms and conditions of this Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;22 Unfunded Status of the Plan; Unsecured Right</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Plan is intended to constitute an &#147;unfunded&#148; plan for incentive compensation for United
States purposes. Any right to receive Shares or other consideration of any kind under the Plan
or any Award Agreement shall be no greater than that of an unsecured general creditor of the
Company. No Award may be assigned, transferred, encumbered or subject to any legal process for
the payment of any claim against a Participant.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">(16 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;23 Governing law</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Plan, including its formation, existence, construction, performance, validity and all aspects
whatsoever of the Plan, any term of the Plan, Performance Based Restricted Stock Notice and
Award made under it, shall be governed by the law of The Netherlands, except where mandatory
local law shall apply. The Company and the Participants irrevocably submit, in respect of any
suit, action or proceeding related to the interpretation or enforcement of the Plan, to the
exclusive jurisdiction of the courts of Eindhoven, The Netherlands.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">*****
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">045 070719 JHak Terms and Conditions of the ASML Restricted Stock Plan (version 2)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">(17 of 17)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>9
<FILENAME>u56110exv5w1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;5.1
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 70%; margin-top: 6pt">ASML Holding N.V.<BR>
De Run 6501<BR>
5504 DR Veldhoven<BR>
PO Box 324<BR>
5500 AH Veldhoven<BR>
The Netherlands
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 70%; margin-top: 6pt">Phone &#043;31 40 268 6762<BR>
Fax &#043; 31 40 268 4888<BR>
remco.van.der.veer@asml.com<BR>
www.asml.com
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 70%; margin-top: 6pt">Trade Register 17085815<BR>
Eindhoven, The Netherlands
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">United States Securities and Exchange Commission<BR>
450 Fifth Street, N.W.<BR>
Washington, D.C. 20549<BR>
United States of America

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;29, 2008</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Reference
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">RV/1<u>&nbsp;</u>6<u>&nbsp;</u>1<u>&nbsp;</u>17</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Subject
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form&nbsp;S-8</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Ladies and Gentlemen:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I refer to the Registration Statement on Form S-8 (the &#147;Registration Statement&#148;) of ASML Holding
N.V., a Netherlands corporation (the &#147;Company&#148;) under the Securities Act of 1933 (the &#147;Securities
Act&#148;). The Registration Statement relates to up to 426,615 ordinary shares, nominal value of <FONT face="'Times New Roman',times,serif">&#128;</FONT>0.09
per share, of the Company (the &#147;Ordinary Shares&#148;), issuable and issued under (i)&nbsp;the Incentive or
New Hire Options Granted to Senior and Executive Management under the ASML Stock Option Plan
(Version October&nbsp;2007), (ii)&nbsp;the ASML Performance Stock Option Plan for Senior and Executive
Management (version 1), (iii)&nbsp;the ASML Performance Share Plan for Senior and Executive Management
(version 1), (iv)&nbsp;the Incentive or New Hire Options Granted to Employees under the ASML Stock
Option Plan (Version October&nbsp;2007), (v)&nbsp;the ASML Incentive Stock Option Plan for Employees (version
1), (vi)&nbsp;the ASML Incentive Share Plan for Employees (version 1), and (vii)&nbsp;the ASML Restricted
Stock Plan (version 2) (each, a &#147;Plan&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I have examined and am familiar with (i)&nbsp;the Company&#146;s Articles of Association, as amended, and
(ii)&nbsp;the corporate proceedings relating to the Registration Statement. Upon the basis of the
foregoing, and having satisfied myself as to such other matters of law and fact as I consider
relevant for the purposes of this opinion, I advise you that, in my opinion, upon issuance in
accordance with the terms and conditions of the applicable Plan, the Securities will have been
legally issued, fully paid and non-assessable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I express no opinion herein, on or with respect to, any law other than the laws of The Netherlands
and I express no opinion on, or with respect to, the laws of the United States, any state thereof
or any other laws, statutes, regulations or ordinances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I hereby consent to the filing of this opinion as an exhibit to the Registration Statement and any
reference to me therein. In giving such consent, I do not hereby admit that I am in the category
of persons whose consent is required under Section&nbsp;7 of the Securities Act or the rules and
regulations of the Commission.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Yours truly,<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Robert F. Roelofs
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Robert F. Roelofs&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">General Counsel<BR>
ASML Holding N.V.&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>10
<FILENAME>u56110exv23w1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-23.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 6pt"><B>Exhibit
23.1</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 60%">

<B>Deloitte Accountants B.V.</B><BR>
Flight Forum 1<BR>
5657 DA Eindhoven<BR>
PO Box 782<BR>
5600 AT Eindhoven<BR>
The Netherlands<BR><BR>

Tel: &#043; 31 (040)&nbsp;234 5000<BR>
Fax: &#043; 31 (040)&nbsp;234 5407<BR>
www.deloitte.nl

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ASML Holding N.V.<BR>
De Run 6501<BR>
5504 DR VELDHOVEN

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:<BR>August&nbsp;21, 2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">From:<BR>
P.J.M.A van de Goor
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reference<BR>
op9929</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">We consent to the incorporation by reference in this Registration Statement on Form S-8 of our
reports relating to the financial statements of ASML Holding N.V. and the effectiveness of ASML
Holding N.V&#146;s internal control over financial reporting dated January&nbsp;25, 2008, appearing in the
Annual Report on Form 20-F of ASML Holding N.V. for the year ended December&nbsp;31, 2007.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">
/s/ Deloitte Accountants B.V.
</DIV>
<DIV align="left" style="font-size: 1pt; margin-top: 0pt; border-top: 1px solid; width: 30%">&nbsp;</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 0pt">
Deloitte Accountants B.V.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 60%">
<B>Member of<BR>
Deloitte Touche Tohmatsu</B>

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



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