RFMD » Topics » 18. Unfunded Plan; Retirement Plans .

This excerpt taken from the RFMD 8-K filed May 8, 2006.

18.       Unfunded Plan; Retirement Plans.

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            (a)        Neither a Director nor any other person shall, by reason of the Plan, acquire any right in or title to any assets, funds or property of the Corporation or any related corporation, including, without limitation, any specific funds, assets or other property which the Corporation or any related corporation, in their discretion, may set aside in anticipation of a liability under the Plan.  A Director shall have only a contractual right to the Common Stock or amounts, if any, payable under the Plan, unsecured by any assets of the Corporation or any related corporation.  Nothing contained in the Plan shall constitute a guarantee that the assets of such corporations shall be sufficient to pay any benefits to any person.

            (b)        In no event shall any amounts accrued, distributable or payable under the Plan be treated as compensation for the purpose of determining the amount of contributions or benefits to which any person shall be entitled under any retirement plan sponsored by the Corporation or a related corporation that is intended to be a qualified plan within the meaning of Section 401(a) of the Code.

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            IN WITNESS WHEREOF, this Nonemployee Directors' Stock Option Plan of RF Micro Devices, Inc., as amended and restated through June 13, 2003, has been executed in behalf of the Corporation effective as of the 13th day of June, 2003.

                                                                                    RF MICRO DEVICES, INC.

 

                                               

                                                                                    By:  /s/ROBERT A. BRUGGEWORTH           
                                                                                    Name:  Robert A. Bruggeworth                        
                                                                                    Title:     President and CEO                               

Attest:

/s/ WILLIAM A. PRIDDY                                

Secretary

[Corporate Seal]

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