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GENESIS EXECUTIVE BONUS PLAN - FISCAL 2006

Executive Compensation Plan Agreement

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GENESIS MICROCHIP INC /DE

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Title: GENESIS EXECUTIVE BONUS PLAN - FISCAL 2006
Governing Law: California     Date: 5/6/2005
Industry: SEMICO     Sector: TECHNO

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style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-General Purpose+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-: +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-The Genesis Executive Bonus Plan+IBQ-Fiscal Year 2006 (+IBw-the Plan+IB0- or +IBw-Executive Bonus Plan+IB0-) is designed to provide incentive and motivation to the Executive Staff of Genesis to achieve the company+IBk-s financial and operational plans. +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Duration+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-: The Plan will be in effect from April 1, 2005 through March 31, 2006 (the +IBw-bonus period+IB0-), subject to the payments of the bonuses following the fiscal year end as described below, and will be based on the full year financial and operational results of the Company. +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Eligibility+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-: This Plan covers the CEO and the members of his Executive Staff. Eligible Executives are those who are on the CEO+IBk-s staff on or before 12/31/05 and employed at the time of the bonus payout (the +IBw-Eligible Executives+IB0-). Eligible Executives who join the CEO+IBk-s staff after the beginning of the bonus period but before 12/31/05 will have any bonus under the Plan prorated based upon their length of service during the fiscal year subject to the requirement that the Eligible Executive is employed at the time of the bonus payout. +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Employee Bonus Targets+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-: Eligible Executives will have a bonus target specified as a percentage (+ACU-) of their annual base salary. The +ACU- targets are set forth in the table below: +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-BONUS PAYOUT TARGETS AT VARIOUS ACHIEVEMENT LEVELS +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div align+AD0-center+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-80+ACUAIg- style+AD0-'width:80.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes'+AD4- +ADw-td width+AD0AIg-73+ACUAIg- style+AD0-'width:73.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p 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