(e) Maxim Integrated Products, Inc. (the "Company") repurchased certain underwater stock options from certain of its officers, including its principal executive officer and other named executive officers of the Company appearing in its 2008 Proxy Statement (collectively, the "NEOs"), pursuant to Option Repurchase Agreements. The Company repurchased and cancelled the eligible options in exchange for a promise to make cash payments that collectively equal the black-scholes value of the applicable option. The black-scholes value of each option repurchased was calculated based upon the average closing stock price of the Company's common stock over the 20 trading day period ending November 5, 2008. Payments to these officers, including the NEOs, are subject to vesting over the longer of (i) eight (8) quarters or (ii) the remaining vesting schedule of the option, and require such officers to be employed by the Company on the applicable vesting date in order to receive such payment. Except for the vesting restriction, all terms and conditions of the option repurchase and cancellation are the same as those offered to non-officer employees, which was completed on December 8, 2008. The shares underlying the repurchased and cancelled options will become available for future issuance under our 1996 Stock Incentive Plan, as amended (the "1996 Stock Plan").

The NEOs that entered into Option Repurchase Agreements, the aggregate number of shares underlying the underwater stock options that were repurchased by the Company from the NEOs and cancelled, and the total amount of payment to be made pursuant to such agreements, are as follows: