This excerpt taken from the PMCS 10-K filed Mar 1, 2007.
1.1 This Appendix (the Appendix) to the PMC - Sierra, Inc. - 1994 Incentive Stock Plan, as amended and restated effective as of February 4, 2003 (the Plan) is effective as of , 2006 (the Effective Date).
1.2 The provisions specified hereunder apply only to persons who are deemed to be residents of the State of Israel for tax purposes, or are otherwise subject to taxation in Israel with respect to Awards.
1.3 This Appendix applies with respect to grants of Options or Stock Purchase Rights under the Plan. The purpose of this Appendix is to establish certain rules and limitations applicable to Options and Shares that may be granted or issued under the Plan from time to time, in compliance with the securities and other applicable laws currently in force in the State of Israel. Except as otherwise provided by this Appendix, all grants made pursuant to this Appendix shall be governed by the terms of the Plan. This Appendix is applicable only to grants made after the Effective Date. This Appendix complies with, and is subject to the ITO and Section 102.
1.4 The Plan and this Appendix shall be read together. In any case of contradiction, whether explicit or implied, between the provisions of this Appendix and the Plan, the provisions of this Appendix shall govern.