AGREEMENT ON TERMINATION OF EMPLOYMENT CONTRACT

Exhibit 10.18

AGREEMENT ON TERMINATION OF
EMPLOYMENT CONTRACT

THIS AGREEMENT (the “Agreement” ) is made in Shanghai, People’s Republic of China ( “PRC” ) on March, 13, 2008, by and between:

(1)  KEYUAN SEMICONDUCTOR (SHANGHAI) CO., LTD. (the “Company” ), a company established and existing under the laws of the PRC having its registered address at Room 318 Building A, No. 563, Song Tao Road, Zhangjiang, Shanghai, PRC, and

(2)  Wu Bin (the “Employee” ), whose Identification No. is 211901682 who is also identified as Employee 81789 in the Company.

The Company and the Employee shall hereinafter individually be referred to as a “Party” and collectively as the “Parties”.

WHEREAS, the Company and the Employee entered into an employment contract on Dec, 29, 2007 (the “Employment Contract” );

WHEREAS, the Company and the Employee agree to terminate the Employment Contract according to the terms and conditions of this Agreement;

NOW, THEREFORE, in consideration of the mutual agreements and promises expressed in this Agreement, and other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the Parties have agreed as follows:

The Employment Contract shall be terminated upon execution of this Agreement.

The Employee hereby waives any claim for any requirement for a notice period to terminate the Employment Contract.

3.1 The Company shall make the following payments to the Employee in a lump sum upon receipt of the materials and documents as detailed in Section 3.2 hereunder:

(a)  RMB84797, equal to [one (1)] months salary of the Employee and in consideration of the Employee’s waiver in Article 2 above;

(b)  RMB612614, being severance pay to the Employee calculated according to the applicable PRC labor laws and the Employment Contract;

(c)  RMB84797, equal to one (1) month salary of the Employee and in consideration of the Employee’s execution of the General Release of All Claims, which is annexed to this Agreement as Annexure A.

The above payments shall be in full satisfaction of all sums due and payable to the Employee by the Company.

3.2 Before the Company makes any payment referred to in Section 3.1 above, it shall have received the following materials and documents from the Employee:

(a)		All property of the Company which are in the possession or control of the Employee during his/her employment with the Company;
(b)		Duly signed:

	(i)		Employee Termination Proprietary Rights Statement, namely Exhibit B of the Confidentiality Agreement referred to in Clause 4 below; and
	(ii)		General Release of All Claims annexed hereto as Annexure A.

The Confidentiality, Intellectual Property Rights and Non-Solicitation provisions in the Confidentiality Agreement signed by the Company and the Employee on or immediately (the “Confidentiality Agreement”, attached as Annexure B hereto) after the hire date of the Employee shall survive the termination of the Employment Contract.

In the event any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement.

This Agreement shall be written in both English and Chinese. If there is any conflict between the English and Chinese versions, the English version shall prevail.

This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and all of which taken together shall constitute but one and the same instrument.

The Company and the Employee have executed this Agreement on the date first above written.

Keyuan Semiconductor (Shanghai) Co. Ltd.,

By:		/s/ Ho Wah Yam
Name		Ho Wah Yam
Title:		Senior Manager, Human Resources (Asia)

Employee

By:		/s/ Bin Wu
Name		Bin Wu

Annexure A		General Release of All claim
Annexure B		Confidentiality Agreement

GENERAL RELEASE OF ALL
CLAIMS

In consideration of the severance compensation and benefits paid to me by Keyuan Semiconductor (Shanghai) Co., Ltd. in connection with the termination of my employment, my family members, heirs, successors and assigns, and I (collectively, the “Releasing Parties” ) hereby fully and forever RELEASE and DISCHARGE Keyuan Semiconductor (Shanghai) Co., Ltd., Caretta Integrated Circuits and Cirrus Logic, Inc. (collectively, the “Company” ), its officers, directors, agents, employees, subsidiaries, affiliated entities, employer sponsored employee benefit and welfare benefit plans, trustees and administrators of such plans, and assigns of the persons and entities named above (hereinafter, together with the Company, collectively called the “Released Parties” ) from all claims and causes of action arising out of or relating in any way to my employment with the Company, including the termination of my employment, as set forth in this GENERAL RELEASE OF ALL CLAIMS (the “Release” ).

1.  Termination Date. I understand that my effective date of termination from the Company is March, 13, 2008 (the “Termination Date” ).

2. Release. The Company has fulfilled all its obligations required by applicable laws and regulations with regard to the termination of my employment with the Company, and the additional benefits offered in the Termination Agreement. I understand and agree that this Release is a full and complete waiver of all claims, including, but not limited to, any claim or

demand based on any foreign, federal, state, or local statutory or common law or constitutional provision that applies or is asserted to apply, directly or indirectly, to the formation, continuation, or termination of my employment relationship with the Company, such as wrongful discharge; unlawful employment discrimination on the basis of age or any other form of unlawful employment discrimination; retaliation; breach of contract (express or implied); breach of the duty of good faith and fair dealing; violation of the public policy of the United States, any foreign law (including, without limitation, the laws of Hong Kong SAR, the State of Texas, or any other state); intentional or negligent infliction of emotional distress; tortious interference with contract; promissory estoppel; detrimental reliance; defamatio