Skyworks adopts executive severance plan with enhanced CIC benefits for SVP+ officers

SKYWORKS SOLUTIONS, INC.

Effective Nov 11, 2025, plan covers SVP+ execs reporting to CEO (excluding CEO); supersedes prior CIC/severance agreements.
Non-CIC severance: 1x base salary, prorated bonus, 12-month COBRA subsidy, partial equity vesting (12-month forward).
CIC severance (within 3 mo before to 2 yr after change): 1.5x (base + target bonus), 18-month COBRA, full equity acceleration.
Death/disability: full vesting of time-based and in-flight performance awards at greater of target or actual; 12-month option extension.
Plan administered by Board; amendments before 3rd anniversary require consent of participating executives.

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