Exhibit 10.24
CYMER, INC.
EXECUTIVE OPTION, BONUS AND
GROUP HEALTH COVERAGE EXTENSION PROGRAM
SECTION 1. PURPOSE
This Executive Option, Bonus and Group Health Coverage Extension Program (the “Program”) is
designed to provide Eligible Executives (as defined herein) with certain benefits (as described herein) as of the
time at which such Eligible Executive retires and ceases to serve the Company (as defined herein) on a Full-Time
(as defined herein) basis on the terms and conditions set forth herein.
SECTION 2. EFFECTIVE DATE
This Program was adopted by the Board of Directors of the Company on August 22, 2001 originally
effective as of December 1, 2001, and most recently amended and restated as of November 14, 2007.
SECTION 3. DEFINITIONS
(a) “CAUSE” means, with respect to a particular Eligible Executive, the occurrence of any of the
following: (i) such Eligible Executive’s conviction of any felony or any crime involving fraud or dishonesty which
has a material adverse effect on the Company and/or its affiliates; (ii) such Eligible Executive’s participation
(whether by affirmative act or omission) in a fraud, act of dishonesty or other act of misconduct against the
Company and/or its affiliates; (iii) conduct by such Eligible Executive which, based upon a good faith and
reasonable factual investigation, demonstrates such Eligible Executive’s gross unfitness to serve; (iv) such Eligible
Executive’s violation of any fiduciary duty or duty of loyalty owed to the Company and/or its affiliates; (v) such
Eligible Executive’s breach of any material term of any material contract between such Eligible Executive and the
Company and/or its affiliates which has a material adverse effect on the Company and/or its affiliates; (vi) such
Eligible Executive’s repeated violation of any material Company policy which has a material adverse effect on the
Company and/or its affiliates; (vii) the Eligible Executive’s violation of state