Cirrus Logic, Inc. 2018 Long Term Incentive Plan Notice of Grant of MSU Performance Award

Contract Categories: Human Resources - Bonus & Incentive Agreements
EX-10.1 2 exhibit101.htm EX-10.1 Document



CIRRUS LOGIC, INC. 2018 LONG TERM INCENTIVE PLAN
NOTICE OF GRANT OF MSU PERFORMANCE AWARD

Holder’s Name:            %%FIRST_NAME_MIDDLE_NAME_LAST_NAME%-%
Holder’s Address:        %%ADDRESS_LINE_1%-%
%%ADDRESS_LINE_2%-%                        
%%ADDRESS_LINE_3%-%
%%CITY%-%, %%STATE%-% %%ZIPCODE%-% %%COUNTRY%-%


You (“Holder”) are hereby granted a performance award (this “Performance Award”) of Restricted Stock Units referred to as Market Stock Units (“MSUs”), whereby each MSU represents the right to receive shares of Common Stock of Cirrus Logic, Inc. following the applicable vesting date, subject to the terms and conditions of the Cirrus Logic, Inc. 2018 Long Term Incentive Plan (the “Plan”) and the related Performance Award Agreement (the “Performance Award Agreement”), as set forth below. Capitalized terms used but not defined herein shall have the meanings set forth in the Plan. The term “Performance Award” shall have the same meaning as the term “Performance Award” set forth in the Plan, and this Award, the Performance Award Agreement, and the Plan shall each be interpreted accordingly.

Grant Number:            %%OPTION_NUMBER%-%

Date of Grant:            %%OPTION_DATE%-%

Target Number of
Performance Awards Granted:    %%TOTAL_SHARES_GRANTED%-%

Maximum Number of MSUs:    2 Times Target Number of Performance Awards Granted above.

Performance Period:        3 Years

Performance Measures:    Relative Total Shareholder Return as defined by the Company’s         Compensation Committee

Expiration Date to Accept:    2 business days prior to vest date

Failure to execute and return the documents applicable to this Award before the Expiration Date to Accept set forth above will render this Award and the grant of the Performance Award invalid.


By your signature or electronic acceptance of this Notice of Grant and the signature of the Company’s representative below, you and the Company hereby acknowledge your acceptance of this Award of MSUs granted on the Date of Grant indicated above, which has been issued under the terms and conditions of the Plan and the Performance Award Agreement. You further acknowledge receipt of a copy of the Plan and the Performance Award Agreement and agree to all of the terms and conditions of the Plan and the Performance Award Agreement, which are incorporated in this Award by reference.

HOLDER:                         CIRRUS LOGIC, INC.

_______________________________________        By: 
Signature                         Gregory S. Thomas

%%FIRST_NAME_MIDDLE_NAME_LAST_NAME%-%
Printed Name

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