Power-One (PWER)

One Time Sign-On Bonus

Power-One will be pleased to provide you with a $120,000.00 (one hundred and twenty thousand dollars) one time sign-on bonus payable to you within 2 weeks of employment.  This will be a taxable event to you. Further, the sign-on bonus is subject to meeting a minimum of 2 years of employment with the organization. This does not alter our “At-will policy” nor does it specify any agreement to tenure. You will be required to sign a contract which indicates that you will be obligated to pay back a pro-rata portion of the sign-one bonus should you leave Power-One prior to the completion of 24 months of employment from your date of hire.

Corporate Human Resources

740 Calle Plano ·  Camarillo, CA 93012 · (805) 987-8741 · Fax (805) 987-5212 · www.power-one.com

One Time Sign-On Bonus

Power-One will pay you a $25,000.00 (twenty five thousand dollars) one time sign-on bonus payable to you within 2 weeks of your hire date of today.  Power-One further agrees to reimburse you an additional amount, not to exceed $13,000.00 (thirteen thousand dollars), as tax assistance for the one-time sign on bonus subject to your providing the corresponding receipts or other documentation as reasonably requested by Power-One.  The payment(s) will be a taxable event to you. Further, the sign-on bonus is subject to meeting a minimum of 2 years of employment with the organization. This does not alter our “At-will policy” nor does it specify any agreement to tenure. You will be required to sign a contract which indicates that you will

Corporate Human Resources

740 Calle Plano · Camarillo, CA 93012 · (805) 987-8741 · Fax (805) 987-5212 · www.power-one.com