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Amendment
to Immediately Exercisable Non-Qualified Stock Option
Agreement
THIS AMENDMENT TO
IMMEDIATELY EXERCISABLE NON-QUALIFIED STOCK OPTION AGREEMENT (the "
Amendment ”) is entered into as of
February 2, 2009 , by and between Power Integrations,
Inc. (the " Company ”) and Balu Balakrishnan
(the “ Optionee ”). Pursuant to that
certain Stipulation of Compromise and Settlement approved by the
United States District Court, Northern District of California on
July 18, 2008, effective January 26, 2009, this Amendment
amends that certain Immediately Exercisable Non-Qualified Stock
Option Agreement (the “ Original Agreement
”) for option grant # 002078, granted on February 21,
2002 only as expressly set forth herein. All terms not defined
herein shall have the meanings as set forth in the Original
Agreement.
The Company has
granted to the Optionee pursuant to the Power Integrations, Inc.
1997 Stock Option Plan (the “ Plan ”) an
option to purchase certain shares of Stock, upon the terms and
conditions set forth in the Original Agreement (the “
Option ”). The Option shall in all respects be
subject to the terms and conditions of the Plan and the Original
Agreement, as amended purs
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