CAMARILLO, USA: Semtech Corp., a leading supplier of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment, announced that as an inducement to enter into employment with Semtech, it has made awards effective November 16, 2011 of restricted stock units to two recently hired employees under the Semtech 2009 Long-Term Equity Incentive Inducement Plan.
An aggregate of 3,200 restricted stock units have been awarded for these Inducement Awards. Pursuant to the terms of Inducement Awards, each of the Inducement Awards is subject to time-based vesting and will vest annually over a four-year period. Vesting of each Inducement Award is contingent on each applicable employee remaining employed with Semtech through the relevant vesting dates.
Saturday, November 19, 2011
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