EMPLOYEE STOCK PURCHASE PLAN ENROLLMENT FORM
Published on March 12, 2003
Exhibit 10.1
MICROCHIP TECHNOLOGY INCORPORATED
INTERNATIONAL EMPLOYEE STOCK PURCHASE PLAN
ENROLLMENT FORM
PLEASE PRINT AND COMPLETE ALL INFORMATION BELOW:
Full name: ____________________________________________ Badge #: ______________
Last First M
Home Address: __________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
Social Security Number: _______________________________ Date of Hire: _________
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SECTION I - ELECTION
CHOOSE ONE:
[ ] I hereby DECLINE to participate in the International Employee Stock Purchase
Plan for this semi-annual participation period.
[ ] I hereby AUTHORIZE Microchip Technology Incorporated to deduct the following
amount from my salary each pay period (gross salary).
CIRCLE ONE: 1% 2% 3% 4% 5% 6% 7% 8% 9% 10%
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SECTION II - BENEFICIARY
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SUBSCRIPTION DATE:
______________________________________________________ _______________________
Signature of Employee Date
MICROCHIP TECHNOLOGY INCORPORATED
INTERNATIONAL STOCK PURCHASE AGREEMENT
I hereby elect to participate in the International Employee Stock Purchase
Plan (the "IESPP") until such time as I elect to withdraw from the IESPP either
by written notification to the Stock Administrator or until termination of the
Plan by the Company, and I hereby subscribe to purchase shares of common stock
of Microchip Technology Incorporated ("Common Stock") in accordance with the
provisions of this Agreement and the IESPP. I hereby authorize payroll
deductions from each of my paychecks during the time in which I participate in
the IESPP in the 1% multiple of my earnings (not to exceed a maximum of 10%)
specified in my attached Enrollment Form.
I understand that the Plan is a six-month offering period. The plans begins
on the first business day of June and December of each year, and my
participation will automatically remain in effect from one offering period to
the next offering period in accordance with my payroll deduction authorization,
unless I withdraw from the IESPP or change the rate of my payroll deduction or
my employment status changes.
I understand that my payroll deductions will be accumulated for the
purchase of shares of Common Stock on the last business day of each offering
period of participation. The purchase price per share will be equal to 100% of
the LOWER of (i) the fair market value per share of Common Stock on my entry
date into the six-month offering period or (ii) the fair market value per share
on the purchase date.
I understand that I can withdraw from the IESPP at any time prior to the
last 5 business days of a period of participation and elect either to have the
Company refund all my payroll deductions for that period or to have such payroll
deductions applied to the purchase of Common Stock at the end of such period.
However, I may not rejoin that particular six-month offering period at any later
date. Upon my termination of employment or change to ineligible employee status,
my participation in the IESPP will immediately cease and all my payroll
deductions for the six-month period in which such termination or change occurs
will be refunded. Should I die or become disabled while an IESPP participant,
payroll deductions will automatically cease on my behalf, and I or my estate
may, at any time prior to the last 5 business days of the semi-annual period in
which I die or become disabled, elect to have my payroll deductions for that
period applied to the purchase of Common Stock at the end of that period;
otherwise, those deductions will be refunded. I further understand that I may
reduce my rate of my payroll deductions on one occasion during a six-month
offering period, but that I may only increase my rate of payroll deductions at
the beginning of a new six-month offering period.
I understand that my shares will be placed in a brokerage account at the
end of each six-month offering period of participation. The account will be
opened in the participant's name.
I understand that the Company has the right, exercisable in its sole
discretion, to amend or terminate the IESPP at any time, with such amendment or
termination to become effective immediately following the exercise of
outstanding purchase rights at the end of any current six-month period of
participation. Should the Company elect to terminate the IESPP, I will have no
further rights to purchase shares of Common Stock pursuant to this Agreement.
I understand that the IESPP sets forth restrictions (i) limiting the
maximum number of shares which I may purchase per the six-month period of
participation and (ii) prohibiting me from purchasing more than $25,000 worth of
Common Stock per calendar year.
I acknowledge that I have received a copy of the official Plan Prospectus
summarizing the operation of the IESPP. I have read this Agreement and the
Prospectus and hereby agree to be bound by the terms of both this Agreement and
the IESPP. The effectiveness of this Agreement is dependent upon my eligibility
to participate in the IESPP.
__________________________________________ __________________________________
Print Name Signature
Start Date of My Participation: __________ Today's Date: ____________________