Skyworks Solutions said on November 11, 2025 the Compensation Committee of the Board of Directors adopted a Severance and Change in Control Benefits Plan. The plan applies to regular full-time employees at the level of Senior Vice President or above who report to the Chief Executive Officer, and does not apply to the Chief Executive Officer.

1. 01

   Skyworks Solutions said on November 11, 2025 the Compensation Committee of the Board of Directors adopted a Severance and Change in Control Benefits Plan. The plan applies to regular full-time employees at the level of Senior Vice President or above who report to the Chief Executive Officer, and does not apply to the Chief Executive Officer.

2. 02

   The company said that if a covered executive is terminated without Cause more than 3 months prior to or more than 2 years following a Change in Control, the company will pay the executive's annual base salary in a single lump sum. The company will pay COBRA premiums on the executive's behalf for up to 1 year, and service-based equity awards that would have vested within 12 months following termination will become vested.

3. 03

   The company said that if a covered executive is terminated without Cause or resigns for Good Reason within the period beginning 3 months prior to and ending 2 years following a Change in Control, the company will pay in a single lump sum an amount equal to 1.5 times the sum of the executive's annual base salary and target annual short-term cash incentive opportunity. The company will pay COBRA premiums on the executive's behalf for 18 months, and all service-based equity awards will become fully vested.

4. 04

   The company said that in the event of termination by reason of death or permanent disability, all service-based equity awards will become fully vested and all outstanding stock options that are exercisable as of the termination date will remain exercisable for 12 months following termination. Payments are subject to limitation under the Executive Officer Cash Severance Limitation Policy and potential reduction under Section 4999 of the Internal Revenue Code if such reduction would result in the executive retaining a larger after-tax amount.

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