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Exhibit 10.44
RELEASE OF CLAIMS AND VESTING
AGREEMENT
I agree that the goodwill
payment, as calculated in the letter to which this Exhibit
A is attached (the "Goodwill Payment"), to be made by Maxim
Integrated Products, Inc. ("Maxim") is full and complete
satisfaction for the expiration and termination of my vested stock
option(s) to purchase shares of common stock of Maxim identified
below (the "Option").
Vesting
Requirement
I
agree that the Goodwill Payment will vest as follows:
- 1/6 of the
Goodwill Payment will vest on August 15, 2009,
- 1/6 of the
Goodwill Payment will vest on November 15, 2009,
- 1/6 of the
Goodwill Payment will vest on February 15, 2010,
- 1/6 of the
Goodwill Payment will vest on May 15, 2010,
- 1/6 of the
Goodwill Payment will vest on August 15, 2010,
- 1/6 of the
Goodwill Payment will vest on November 15, 2010,
subject to my continued employment at Maxim on each applicable
vesting date.
Release of
Claims
By signing below, I irrevocably, unconditionally and completely
release, acquit and forever discharge each of the Releasees (as
defined below) from a
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