Semtech (SMTC) 8-K Departure of Directors or Principal Officers

Exhibit 10.2

SEMTECH CORPORATION

CEO BONUS PLAN

APPENDICES

A. OPERATING INCOME APPENDIX FOR FISCAL YEAR 2009

Adopted by the Compensation Committee on June 26, 2008

FY2009 Operating Income as a Percentage of FY2008 Operating Income	Operating Income Performance Factor
0 to 100%	0	%
105%	80	%
119%	90	%
133%	100	%
169%	148	%
250% or above	250	%

For purposes of this Appendix, Operating Income for each fiscal year is as determined by the Committee in accordance with Exhibit A of the Plan.

B. TARGET LEVEL APPENDIX

For Fiscal Year 2009, the CEO’s Target Level is 125% of the CEO’s annual base salary.

C. PEER GROUP APPENDIX FOR FISCAL YEAR 2009

The Peer Group for Fiscal Year 2009 shall be the following companies:

Analog Devices (ADI)

Linear Technology Corp. (LLTC)

Intersil Corp. (ISIL)

Maxim Integrated Products Inc. (MXIM)

Micrel Inc. (MCRL)

Microsemi Corp. (MSCC)

National Semiconductor Corp. (NSM)

Power Integrations Inc. (POWI)

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The Performance Relative to Peers Factor for Fiscal Year 2009 will be determined according to the following table:

Company Revenue Growth Ranking, Relative to Peer Group	Company Earnings Per Share Growth Ranking, Relative to Peer Group	Performance Relative to Peers Factor
Below 50th percentile	Below 50th percentile	0	%
Below 50th percentile	At or above 50th percentile	50	%
At or above 50th percentile	Below 50th percentile	50	%
At or above 50th percentile, but less than 75th percentile	At or above 50th percentile, but less than 75th percentile	100	%
At or above 75th percentile	At or above 50th percentile, but less than 75th percentile	150	%
At or above 50th percentile, but less than 75th percentile	At or above 75th percentile	150	%
At or above 75th percentile	At or above 75th percentile	200	%

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