ALPHA AND OMEGA SEMICONDUCTOR LIMITED AMENDED AND RESTATED 2017 EXECUTIVE INCENTIVE PLAN Amended and Restated on: November 15, 2017
EX-10.10.1 2 a32286928_2xaos-amendedand.htm EXHIBIT 10.10.1 Exhibit
Exhibit 10.1
ALPHA AND OMEGA SEMICONDUCTOR LIMITED
AMENDED AND RESTATED 2017 EXECUTIVE INCENTIVE PLAN
Amended and Restated on: November 15, 2017
The following Amended and Restated 2017 Executive Incentive Plan (the “Plan”) was established by Alpha and Omega Semiconductor Limited (the “Company”) for the calendar year ending December 31, 2017.
Participants
Executive officers and certain vice presidents of the Company.
Incentive Awards
Participants are eligible to receive incentive awards based on the level of attainment of pre-specified corporate performance goals as established and approved by the Company’s compensation committee. Up to 50% of each such award may be payable in the common shares of the Company, $0.002 par value per share (“Common Shares”), with the remainder to be paid in cash. The number of shares will be based on the closing price per Common Share on the date the amount of the earned award is determined.
Performance Goals
The corporate performance goals for incentive awards for calendar year 2017 are based on revenue and GAAP operating income. The amount of an incentive award earned is based on the level of attainment of a range of revenue and GAAP operating income for the year. A specified minimum amount of each of the revenue and GAAP operating income goals must be achieved before payment of an award under the Plan. The actual aggregate amount of the award earned by a participant for the calendar year will range from $0 to the maximum amount established for such participant (as set forth below) depending on the level of attainment of the performance goals.
Target Incentive Awards
The target incentive awards for each participant for the calendar year 2017, as a percentage of such participant's base salary, are as follows:
Name | Title | Minimum Award | Target Award | Maximum Award |
Mike F. Chang | Chief Executive Officer | 20% | 100% | 220% |
Yifan Liang | Chief Financial Officer and Corporate Secretary | 12% | 60% | 132% |
Yueh-Se Ho | Chief Operating Officer | 12% | 60% | 132% |
Daniel Chang | Senior Vice President of Marketing | 12% | 60% | 132% |
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