INTERNATIONAL RECTIFIER CORPORATION 2000 INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT

Option Agreement

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INTERNATIONAL RECTIFIER CORPORATION

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Title: INTERNATIONAL RECTIFIER CORPORATION 2000 INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT
Governing Law: California Date: 9/15/2008
Industry: Semiconductors Sector: Technology

INTERNATIONAL RECTIFIER CORPORATION 2000 INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT, Parties: international rectifier corporation

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Exhibit 10(yyy)

INTERNATIONAL RECTIFIER CORPORATION
2000 INCENTIVE PLAN
(Amended and Restated as of November 22, 2004)
NONQUALIFIED STOCK OPTION AGREEMENT

THIS OPTION AGREEMENT is between INTERNATIONAL RECTIFIER CORPORATION, a Delaware corporation (the "Company"), and (the "Optionee"). Pursuant to the International Rectifier Corporation 2000 Incentive Plan (Amended and Restated as of November 22, 2004) (the "Plan"), the Company grants a nonqualified stock option to purchase authorized but unissued or treasury shares of Common Stock, $1.00 par value, of the Company on the Terms and Conditions attached and in the Plan:



Grant Date:

Number of Shares:		(1)

Exercise Price per Share:		(1)

Vesting Schedule:	33 ¹ / 3 % per year on each of the first three anniversary dates of Grant Date(2)

Expiration Date:		(2)

(1)

Subject to adjustment under Section 5.2 of the Plan.

(2)

Subject to early termination under Section 2.5 or 5.2 of the Plan and Section 4 of the Terms and Conditions.


INTERNATIONAL RECTIFIER CORPORATION (a Delaware Corporation)				OPTIONEE
By:				(Signature)
Its:				(Address)
				(City, State, Zip Code)

TERMS AND CONDITIONS

1. Exercisability of Option. The Option shall vest and become exercisable in installments of 33 ¹ / 3 % of the aggregate number of shares set forth on the facing page (subject to adjustment). Subject to earlier termination of the Option as provided in this Agreement or the Plan and changes and adjustments contemplated by the Plan, the first installment shall vest on the 1 ^st anniversary of the Grant Date, and thereafter, installments of 33 ¹ / 3 % of the shares shall vest on each of the 2 ^nd , and 3 ^rd anniversaries of the Grant Date. The Option may be exercised only to the extent the Option is exercisable.



•	Cumulative Exercisability.	To the extent the Optionee does not in any year purchase all the shares that the Optionee may then exercise, the Optionee has the right cumulatively thereafter to purchase any shares not so purchased until the Option terminates or expires.
•	No Fractional Shares.	Fractional share interests shall be disregarded, but may be cumulated.
•	Minimum Exercise.	No fewer than 100 shares may be purchased at any one time, unless the number purchased is the total number at the time exercisable under the Option.

2. Method of Exercise of Option. To the extent exercisable, the Option may be exercised by the delivery to the Company of a written notice stating the number of shares to be purchased pursuant to the Option and payment made in cash or by check payable to the order of the Company in the full amount of the purchase price of the shares and amounts required to satisfy applicable withholding taxes. Other payment methods may be permitted only if expressly authorized by the Administrator with respect to this Option or all options under the Plan.

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