CEVA,INC.CODEBUSINESSCONDUCTANDETHICSThis Codeof BusinessConduct and E - PDF document

1 2889802CEVA,INC.CODEBUSINESSCONDUCT
1 2889802CEVA,INC.CODEBUSINESSCONDUCTANDETHICSThis Codeof BusinessConduct and Ethics(the“Code”)setsforthlegal and ethicalstandardsconduct fordirectors,officersandemployeesof CEVA,Inc.(the“Company”).ThisCodeis intendedto deterrongdoingandto promote theconducthttps://irdirect.net/CEVA/whistleblower_iframe with thelist of internationalhotlinenumberstheweblink https://irdirect.net/CEVA/whistleblower_iframe(ii)yoursupervisor,theChiefFinancialOfficerthe Chairmanof theAudit Committeeof theBoardDirectors.WhiletheCompany’sdesireto addressmattersinternally,nothingin this Codeshould discourageyoufromeportinganyConflicts of InterestEmployees,officers anddirectorsmust in thebestinterestsof theCompany.Youmust refrainfrom engagingin anyactivityor having 2 2889802Forexample:EmployeesandOfficersEmployeesandofficersmust not:performservicesconsultant, employee,officer, director,advisoror in anyothercapacity,or permit anycloserelativeto performservicesofficer ordirector,significantcustomer,significantsupplierdirectcompetitorthe Company,otherthan therequestof theCompany;or,without PriorApproval(asdefinedbelow), performanyservices in anysuchcapacity,or permitanycloserelative toperformanyservices insuchcapacity,to anyother customer,suppliercompetitorof theCompany;have,or permit anycloserelativeto have,DirectFinancialInterest(as definedbelow) in a significantsupplier orsignificantcustomerof theCompany,otherthaninvestmentrepresentingless thanpercent(1%) ofthe outstandingshares of apubliclyheldcompany;or, withoutPriorApproval,haveor permit anycloserelativeto have,DirectFinancialInterestin anyother supplier orcustomerthempany;have,or permit anycloserelativeto have,DirectFinancialInterestin adirectcompetitorthe Company,otherthan investment representingless thanpercent(1%)theoutstandingsharespubliclyheldprivatelyheldcompany;supervise,reviewor influence the jobevaluationcompensationmemberof hisor herimmediate family;engage in anyother activityor haveanyother interestthattheBoardDirectors ofthe Companydeterminesto constitute aconflictof interest. NonemployeeDirectorsNonemployee directorsmust not:without PriorApproval,performmaterialservicesconsultant,employee,officer,director,advisoror in anyother capacity,or permit anycloserelativeto performservicesoffidirector,for a directcompetitor ofthe Company;have,or permit anycloserelativeto have,anyDirectFinancialInterestin adirectcompetitorthe Company,otherthan beneficialownershipless than onepercentthe outstandingsharpubliclyheldcompany;usehis or herposition with theCompanyto influenc

e anydecision ofthe Companyrelatingcontr
e anydecision ofthe Companyrelatingcontractor transactionwith a supplieror customerthe Companyif thedirectorcloserelativeof thedirector:performservicesconsultant, employee,officer, director,advisoranyother capacityfor such supplieror customer;hasDirectFinancialInterestin suchsuppliercustomer,otherthanDirectFinancialInterestof lessthanpercentthe outstandingsharespubliclyheldor privatelyheldcompany;engage in anyother activityor haveanyother interestthattheBoard 3 2889802DirectorstheCompanydeterminesto constituteconflictinterest.“closerelative”meansspouse, dependentchild or anyotherperson livingin thesamehome withthe employee,officeror director.“Immediatefamily” means acloserelativeandparent,sibling,child,motheror fatherlaw,sonor daughterlaw or brotheror sisterlaw.“Beneficialownership”shallhave the meaningsetforth in Rule promulgatedpursuantto the SecuritiesExchange Act of 1934.“DirectFinancialInterest”meansanyfinancialinterestheld directlyyouyourname,wellanyfinancialinterestthatyouhold indirectlybut over whichyounonethelessexert votingor dispositivecontrol(for example,throughtrust or corporateentityoverwhichyouhavecontrollingvotingpower).DirectFinancialInterestdoes not include anyindirectfinancialinterestover whichyoudo not exert votingor disposalcontrol,such passiveinvestmentthroughmutual fund401(k)account.Actionsconstituting conflictinterestmayalwayswillfulclearcut.However,yourresponsibilitydisclose anytransaction orrelationshipthatreasonablycouldexpectedto giveriseto aconflictof interestto theChiefFinancialOfficeror, ifyouareexecutive officerdirector, to theBoardof Directors,who shallresponsibledeterminingwhethersuchtransaction orrelationshipconstitutes aconflictof interest.“PriorApproval”respectcertaintransactions or relationshipsdescribedabovemaygranted in appropriatecircumstancestheChiefFinancialOfficeror,the case theChiefExecutiveOfficer,theChiefFinancialOfficerand employee directors, bytheBoardDirectors.theeventthatanyexistinginvestment(whetherdirector indirect)is laterfoundto giveriseto a conflictof interest, noviolationthis Code shall befoundandwaiverof theprovisions of this Codeshallrequiredso longas the employee,officeror employeedirectorreports suchinvestment to the ChiefFinancialOfficer(or, in the case of theChiefExecutive Officer, to theChiefFinancialOfficerand in thecase of thenonemployee directors,to theChairmanof theAudit Committee)promptlyafterlearningof suchconflict and, withindayssuchreport, divests himselfherselfsuch investment.InsidTradingEmployees,officers anddirec

torswho havematerial nonpublicinformatio
torswho havematerial nonpublicinformationabout theCompanyor other companies,includingour suppliers andcustomers, result of theirrelationshipwith the Companyareprohibited lawandCompanypolicyfromtradingsecuritiestheCompanyor such other companies, wellfromcommunicatingsuchinformationto otherswho mighttrade on the basis of thatinformation.To helpensure thatyoudo not engage in prohibited insidertradingandavoid evethe appearanceof impropertransaction,the CompanyhasadoptedInsiderTradingPolicy,which is availableon theCompany’sinternalwebsite.youareuncertainabout theconstraintsyourpurchase saleof anyCompanysecuritiesthe securities of anyother companythatyouarefamiliarwithvirtueyour 4 2889802relationshipwith the Company,youshould consult with theChiefFinancialOfficerbeforemakinganysuch purchaseor sale.ConfidentialityEmployees,officers anddirectorsmust aintaintheconfidentialityof confidentialinformationentrustedto themthe Companyor othercompanies,includingour suppliers andcustomers,exceptwhendisclosureis authorized bysupervisoror legallymandated.Unauthorizeddisclosure of anyconfidentialinformation is prohibited. Additionally,employeesshould takeappropriate precautionsto ensurethatconfidentialor sensitivebusinessinformation,whetherit is proprietaryto theCompanyanother company,is not communicatedwithintheCompanyexceptto employeeswho haveneed know suchinformationto performtheirresponsibilitiesfortheCompany.Third partiesmayaskyouforinformationconcerningthe Company.Subjectto theexceptionsnotedin theprecedingparagraph,employees,fficersand directors(otherthantheCompany’sauthorizedspokespersons) must not discussinternalCompanymatterswith, ordisseminateinternalCompanyinformationto, anyoneoutsidethe Company,exceptas requiredin theperformance their Companyiesandafterappropriateconfidentialityagreementin place.This prohibition appliesparticularlyto inquiries concerningtheCompanyfrom themedia,marketprofessionals (suchsecurities analysts,institutionalinvestors,investmentadvisers,brokers anddealers) andsecurityholders. All responsesto inquiriesbehalfof theCompanymust bemade onlythe Company’sauthorized spokespersons.youreceiveanyinquiriesof this nature,youmust decline to comment andrefertheinquireryoursupervisorof theCompany’sauthorized spokespersons.TheCompany’spolicieswith respectto publicdisclosureof internalmattersaredescribed morefullyin theCompany’sDisclosurePolicy,whichis availableon theCompany’sinternalwebsite.Yourdutyconfidentialityto theCompanyappliesboth duringandafteryouremploymentor directorship with the Company.

You maynot takeconfidentialinformationwi
You maynot takeconfidentialinformationwithyouwhen leavingthe Companyuseor disclosesuchinformationforyourownrsonalbenefitor thebenefit ofnewemployer.Moreover,youalsomust abideanylawfulobligationsthatyouhaveyourformeremployer.These obligationsmayincluderestrictionson the useanddisclosureof confidentialinformation,restrictionsn the solicitationformercolleaguesto worktheCompanyandcompetition obligations.Honest andEthical Conductand FairDealingEmployees,officers anddirectorsshould endeavor to dealhonestly, ethicallyandfairlywith theCompany’ssuppliers, customers,competitors andemployees.Statements regardingtheCompany’sproductsandservicesmust not beuntrue, misleading,deceptive or fraudulent.Youmust not take unfairadvantageof anyone throughmanipulation, concealment,abuseprivilegeinformation,misrepresentationof materialfactsor anyother unfairdealingpractice.Protectionand ProperUseCorporateAssetsEmployees,officers anddirectorsshould seekto protecttheCompany’sassets.Suchassetsareboth tangibleand intangible,andinclude theintellectualpropertyof theCompany. 5 2889802Theft,carelessnessandwaste havedirectimpacton theCompany’sfinancialperformance.Employees,officers anddirectorsmust use theCompany’sassetsandservices solelyforlegitimatebusiness purposes of theCompanyandnot foranypersonalbenefit or thepersonalbenefitof anyone else.Employees,officers anddirectorsmust advance theCompany’slegitimateinterestswhenthe opportunityto do soarises.You must not take foryourselfrsonalopportunities thatarediscoveredthroughyourposition with theCompanyor the useof propertyor informationtheCompany.GiftsandGratuitiesTheuseof Companyfunds or assetsfor gifts,gratuitiesor otherfavorsemployeesgovernmentofficials is prohibited,exceptthe extent suchgiftsare in compliance withapplicablelaw,insignificantin amountandnot givenin considerationexpectation of anyactiontherecipient.Employees,officers anddirectorsmust not accept, or rmitanymemberof his orherimmediatefamilyto accept, anygifts,gratuitiesor otherfavorsfromanycustomer, supplierotherpersondoingor seekingto do business with theCompany,other thanitemsof insignificantvalue.Anygiftsthatarenot oinsignificantvalueshould bereturnedimmediatelyandreportedyoursupervisor.immediate returnis not practical,theyshould begiven to theCompanyforcharitabledisposition orsuchotherdisposition as theCompany,in its sole discretion,lievesappropriate.Common sense andmoderationshould prevailbusinessentertainmentengagedin onbehalfthe Company.Employees,officers anddirectorsshould provide,or accept,businessentertainmentto or

from anyone doingbusinesswith the Compan
from anyone doingbusinesswith the Companyonlytheentertainmentinfrequent,modestand intended to servelegitimatebusiness goals.Nothinghereinis intendedprohibit socialactivitiesinvolvingpersonalfriendswho areemployedor affiliatedwith entitiesdoingbusinesswith theCompany.Doing Business InternationallyThe Companyis committed to the highest business conduct standards wherever it operates. The Companyobserves these standards worldwide, even at the risk of losing business. While no one can anticipate all the situations that may present challenges to the Company’semployees doing business in the worldwide marketplace, the following guidelines always apply:Observe all laws and regulations, both U.S. and nonU.S., that apply to business abroad.Paying bribes to government officials is absolutely prohibited, even if those bribes are common practice, except for facilitating payments. You may not give, promise to give or authorize the giving to a foreign official, a foreign political party, or official thereof or any candidate for foreign political office any money or offer, gift, promise to give or authorize the giving of anything of value to influence any act or decision, to induce such official, party or candidate to do or omit to do any act in violation of the lawful duty of such official, party or candidate, or to induce such official, party or candidate to use his or her influence with a foreign government or agency to affect or influence any 6 2889802act or decision of such foreign government or agency.Do not cooperate with illegal boycotts.Observe all licensing requirements and the requirements of applicable import and export control laws.Do not enter into an agreement with an agent or consultant that relates to the Company’s business outside the United States unless it has been approved by the Company.The laws governing the Company’sbusiness in foreign countries are extensive and complex, and may be different from those in the United States. No new Companyservices or products should be offered in any new countrywithout prior approval, and then only in accordance with the applicable local country’s regulations and requirements.Facilitating Payments to LowLevel NonU.S. Governmental Employees and Officials for NonDiscretionary ActionThe Companyis committed tocomplying with the laws of the countries where it operates. In some countries, a very limited category of small payments to facilitate or expedite routine nondiscretionary governmental actions may be permitted as exceptions to antibribery laws, includingthe U.S. Forei

gn Corrupt Practices Act (“FCPA
gn Corrupt Practices Act (“FCPA”). The requirements pertaining to such payments are complex. The Companyemployees engaged in international business activities must obtain prior approval of the Chief Financial Officerbefore making any such payment.These “facilitating payments” to nonU.S. governmental officials are distinguished from payments made to influence a discretionary decision or to cause violation of, or an act in conflict with, the interests of an individual’s employer, which are strictly prohibited.Import and Export Regulation/Trade ComplianceBecause of the international nature of our business, the Companyis subject to the import and export laws and regulations of the United States and certain foreign governments. These lawand regulations govern the international transfer of all products and services of the Company, as well as technology, information and ideas belonging to the CompanyUnder U.S. law, no technology may be exported without the proper government export licenses and documentation. Exports of technology include not only technology shipped via freight, but also technology that is handcarried (employees traveling overseas), sent via courier services or U.S. mail, electronically transmitted, and/or disclosed to foreign nationals in the United States or abroad. “Technology” is defined as hardware, software, technical documentation, product specifications, technical data, etc.It is the responsibility of the ompanyemployees to ensure that proper documentation accompanies each export or disclosure. Failure to export or reexport without the proper export license or documentation can jeopardize the Company’scompliance with U.S. export laws, as well as those laws of foreign countries. Noncompliance can result in denial of export privileges, criminal penalties, seizure of commodities, and fines to the Companyand its employees. 7 2889802It is the Company’spolicy to comply fully with all applicable U.S. and foreign laws controlling the export and reexport of products, technology (including software) and services. Employees must exercise the necessary diligence to ensure that the Companycomplies with all applicable U.S. and foreign government regulations regarding exports.Antiboycott ComplianceThe United States has enacted antiboycott regulations which make it unlawful for U.S. persons to participate in any activity that could have the effect of promoting or supporting a boycott or restrictive trade practice of another country against customers or suppliers located incountry fri

endly to the U.S. or against a U.S. pers
endly to the U.S. or against a U.S. person, firm or corporation. Boycott issues arise most frequently in connection with the Arab boycott of Israel. Prohibited actions include, but are not limited to, furnishing information about business relationships with boycotted countries, or information about race, religion, sex or national origin. Any request to participate in such activity should be immediately reported to the Chief Financial OfficerGovernment ContractingDetailed laws and regulations govern virtually every aspect of doing business with the U.S. government and its agencies. Activities that might be permitted when working with the private sector may be improper or even illegal when a national or local government is the customer.he Companyemployees should seek to adhere to the highest standards of honesty and integrity in their relations with government officials and employees. For example, employees should observe the following principles when bidding or performing government contracts:Do not offer or provide meals, transportation, gifts or other consideration to government employees except as permitted under applicable law and Company policy.Obey the regulations governing current and postgovernment employee conflicts of interests. Obtain all appropriate government approvals prior to recruiting or hiring current or former government employees.Obtain appropriate licenses prior to exporting or even discussing certain technologies with citizens of other countries.Obey any requirements that may restrict access to source selection or competitive information.The Companyemployees who deal with government representatives are responsible for knowing and obeying the laws and regulations applicable to doing business with the U.S. government.Political Contributions nd LobbyingNo political contributions are to be made using the Companyfunds or assets, or the funds or assets of any of its subsidiary, to any political party, political campaign, political candidate or public official in the United States or any foreign country, unless the contribution is lawful and 8 2889802expressly authorized in writing. In addition, you may not make a political contribution on behalf of the Companyor its subsidiaries, or with the appearance that such contribution is being made on behalf of the Companyor its subsidiaries, unless expressly authorized in writing. A “contribution” is any direct or indirect payment, distribution, loan, advance, deposit, or gift of money, services or anything of value in connection with an election or to an organiz

ation or group formed to support or defe
ation or group formed to support or defend a referendum or ballot issue.Nothing in this Code is intended to discourage you from making contributions of your own time or funds to political parties or candidates of your choice. However, you will not be compensated or reimbursed by the Companyfor any personal contributions.Employees must obtain prior approval to hire outside counsel or a public affairs firm to contact government officials regarding legislation, regulatory policy, or rule making. This includes grassroots lobbying contacts.Government InvestigationsIt is the policy of the Company to cooperate with all government investigations. You must promptly notify the Chief Financial Officerof any government investigation or inquiries from government agencies concerning the Company. You should not destroy any record, books of account, or other documents relating to the Companyexcept in accordance with the Company’s document retention policy. If you are aware of any government investigation or inquiry you may not destroy any record, books of account, or other documents relating to the Companyunless advised by the Chief Financial Officerthat you may continue to follow the Company’snormal document retention policy. You must not obstruct the collection of information, data or records. The Company provides information to the government that it is entitled to during an inspection, investigation, or request for information. You must not lie to government investigators or making misleading statements. You must not attempt to cause any employee to fail to provide accurate information to government investigators.Employees have the right to consult their own legal counsel at their own expense. Fair CompetitionFair competition laws, including the U.S.antitrust rules, limit what the Companycan do with another company and what the Companycan do on its own. Generally, the laws are designed to prohibit agreements or actions that reduce competition and harm consumers. You may not enter into agreements or discussions with competitors that have the effect of fixing or controlling prices, dividing and allocating markets or territories, or boycotting suppliers or customers. U.S. and foreign antitrust laws also apply to imports and exports.Accuracy ofBooks andRecords and Public ReportsEmployees,officers anddirectorsmust honestlyand accuratelyreport allbusinesstransactions.You areresponsibleforthe accuracyyourrecordsandreports. Accurateinformationis essentialto theCompany’sabilitymeetlegaland regulatoryobligations. 9 2889802All Comp

anybooks, records andaccountsshallmainta
anybooks, records andaccountsshallmaintainedin accordance with allapplicableregulationsand standardsandaccuratelyreflectthetruenaturethetransactionstheyrecord.Thefinancialstatements of the Companyshallconformto generallyaccepted accountingrulesandthe Company’saccountingpolicies.undisclosedunrecordedaccountfundshallestablishedfor anypurpose. No falsemisleadingentries shall be made in theCompany’sbooks orrecordsforanyreason,anddisbursementcorporatefundsor othercorporate propertyshall bemadewithout adequatesupportingdocumentation.is the policyof theCompanyto providefull, fair, accurate,timelyandunderstandabledisclosurein reportsanddocumentsfiled with,submitted to, the SecuritiesandExchangeCommission and in otherpubliccommunications.Concerns Regarding Accounting, Auditing andOther MattersEmployeeswith concerns regardingquestionableaccountingor auditingmatters, wellconcernsregardinginternalaccountingcontrolsor othergeneralcomplaintsmayconfidentially,andanonymouslyif theywish, submit such concernsor complaints in writingthe Company’ChiefFinancialOfficeror Vice Presidentof HumanResourcesCEVA,Inc.,CastroSt, Suite210,MountainView,CA 94040 ormayuseindependentoutside serviceproviderviathe internethttps://irdirect.net/CEVA/whistleblower_iframephone:9167037 forwithin the U.S. with thelist of internationalhotlinenumberstheweblink https://irdirect.net/CEVA/whistleblower_iframeSee “ReportingandComplianceProcedures.”All suchconcernsandcomplaints will beforwardedto theAudit Committee of the BoardDirectors,unless theyaredeterminedto bewithout meritthe ChiefFinancialOfficeror Viceesidentof HumanResourcesof theCompany.anyevent,recordallcomplaintsandconcernsreceivedwillprovidedto the AuditCommitteefiscal quarter.Anysuchconcernsor complaintsmayalsobe communicated,confidentiallyand,youdesire,anonymously,directlyanymemberof theAudit Committeeof theBoardof Directorsvia9167037forwithinthe U.S. with thelist of internationalhotlinenumberstheweb link: https://irdirect.net/CEVA/whistleblower_iframe TheAudit Committeewill evaluate the meritsanyconcernsor complaints receivedandauthorizesuchfollowactions,if any,deemsnecessaryor appropriate to addressthe substance of thconcerncomplaint.TheCompanywill not discipline,discriminateagainstor retaliate against anyemployeewho reportscomplaintor concern,unlessit is determinedthat the reportwasmadewithknowledge that it wasfalse.Dealings with Independent AuditorsNo employee,officerdirectorshall,directlyor indirectly,makecauseto be made materiallyfalsemisleadingstatementto anaccountantin connectionwith

(oromit to state,cause another person to
(oromit to state,cause another person to omit to state,anymaterialnecessaryin ordermakestatementsmade,in lightof thecircumstancesunderwhichsuch statementsweremade, not misleadingto,accountantin connectionwith) anyaudit,reviewexaminationtheCompany’sfinancialstatementsor thepreparationfilingof anydocument orreportwiththe SEC.No employee,officeror directorshall,directlyindirectly,takeanyaction to coerce,manipulate, misleadfraudulentlyinfluenceanyindependentpublicor certifiedpublicaccountantengagedin the 1 2889802performance auditor review theCompany’sfinancialstatement.Waiversthis Code ofBusiness ConductandEthicsWhilesomeof thepoliciescontainedin this Codemust bestrictlyadheredto andexceptionsallowed,in othercasesexceptionsmayappropriate.Anyemployee officerwho believesthat an exceptionto anythese policiesis appropriatein his or hercaseshould firstcontacthis orherimmediate supervisor. thesupervisoragreesthat exceptionappropriate,thePriorApprovalof theChief FinancialOfficermust be obtained.TheChiefFinancialOfficershallresponsibleformaintainingrecord ofallrequests forexceptionsanythese policiesandthedisposition of suchrequests.Anyexecutive officeror directorwhoseeks exceptionto anyof these policies shouldcontacttheChairmantheAudit Committeeof theBoardDirectors.Anywaiveranymaterialprovision ofthis Codeforexecutiveofficers ordirectorsanychangeto this Cothatappliesto executive officersdirectorsmaymadeonlythe Boardof DirectorstheCompanyandwill bedisclosed requiredlawor stockmarketregulation. AnyPriorApprovalgrantedpursuant to the termsthis Code shallnot be emedconstitutewaiversuchterms.Reportingand Compliance ProceduresEveryemployee,officeranddirectorhas the responsibilityto ask questions, seekguidance,report suspected violationsandexpress concernsregardingcompliance with this Code.Anyemployee,officerdirectorwhoknows or believesthat anyother employee representativethe Companyhas engagedor isengagingin Companyrelatedconductthatviolatesapplicablelawor this Codeshould reportsuchinformationto his or supervisoror tomembertheCompliance Team,as describedbelow.You mayreport such conductopenlyanonymouslywithout fear ofretaliation.TheCompanywill not discipline,discriminateagainstretaliateagainstanyemployeewho reportssuchconduct,unlessit is determinedthat thereportwasmadewith knowledgethat it wasfalse,or whocooperatesin anyinvestigationinquiryregardingsuchconduct.Anysupervisorwho receivesreport ofviolationthis Codemust immediatelyinformthe Compliance Team.You mayreportviolations of this Code,confidentialor anonymousbasis, contactingthe Company&#

146;sCompliance Teamphonemail:Gideon Wer
146;sCompliance Teamphonemail:Gideon Wertheizer:telephone+9729613775,mailgideon.wertheizer@cevadsp.com,YanivArieli: telephone+972emailyaniv.arieli@cevadsp.com,Nurit Doron:telephone+972emailnurit.doron@cevadsp.com.addition, theCompanyhas establishedindependentoutsideservice provider viathe internethttps://irdirect.net/CEVA/whistleblower_iframeor phone:9167037forwithinthe U.S. with thelist of internationalhotlinenumberstheweb link https://irdirect.net/CEVA/whistleblower_iframeWhilepreferthatyouidentifyyourselfwhenreportingviolations so thatmayfollowup withyou,necessary,for additionalinformation,youmayleavemessagesanonymouslyyouwish.member ofthe ComplianceTeamreceivesinformationregarding analleged violationthis Code,or sheshall, appropriate,(a)evaluatesuchinformation, (b)if theallegedviolationinvolvesexecutiveofficeror adirector,informthe ChiefExecutiveOfficerandBoardof Directorstheallegedviolation,(c)determine whetherit is necessaryto conduct 1 2889802informalinquiryformal investigationand,so, initiatesuchinquiryinvestigationand(d)report theresultsof anysuchinquiryinvestigation,togetherwithrecommendationdisposition of thematter,to theChiefExecutive Officerforaction, orif theallegedviolationinvolvesexecutive officeror adirector,reporttheresultsof anysuch inquiryor investigationto theBoardof Directorsor acommitteethereof.Employees,officers anddirectorsexpectedto cooperatefullywith anyinquiryor investigationthe Companyregardingallegedviolationthis Code.Failureto cooperatewithanysuchinquiryinvestigationmayresult indisciplinaryaction,up to and includingdischarge.TheCompanyshall determine whetherviolationsof this Codehave occurredand,if so,shalldetermine the disciplinarymeasuresto taken againstanyemployee who hasviolatedthisCode.theeventthattheallegedviolationinvolvesexecutive officeror adirector,theChiefExecutive OfficerandtheBoardDirectors,respectively,shalldetermine whetherviolationthis Codehasoccurredand,if so, shalldetermine the disciplinarymeasures to betakenagainstsuchexecutive officeror director.Failureto complywith thestandardsoutlinedin this Codewill resultin disciplinaryactionincluding,but notlimited to, reprimands,warnings,probation orsuspension without pay,demotions,reductionsin salary,discharge andrestitution.Certainolationsof this Codemayrequirethe Companyto referthematterto theappropriategovernmentalregulatoryauthoritiesforinvestigationprosecution.Moreover,anysupervisorwho directsapprovesanyconductin violationthis Code,or whohasknowledgeof suchconductand doesnotimmediatelyreport it, alsowill besubjectto disciplinaryaction,

up to andincludingdischarge.Policy Proh
up to andincludingdischarge.Policy Prohibiting Unlawful Retaliation or DiscriminationNeither the Company nor any of its employees may discharge, demote, suspend, threaten, harass or in any manner discriminate against any employee in the terms and conditions of employment based upon any lawful actions of such employee who in good faith:provides information or assists in an investigation relating regarding any conduct which the employee reasonably believes constitutes a violation of Fraud Laws (as defined below); orfiles, testifies participates or otherwise assists in a proceeding that is filed or about to be filed (with any knowledge of the Company) relating to an alleged violation of a Fraud Law.This policy applies in any instance where such information or assistance provided to, or the investigation is conducted by, a federal regulatory or law enforcement agency, any member of committee ofCongress, or any person with supervisory authority over the employees or the authority to investigate misconduct relating to potential securities violations by the Company or its employees. For purposes of this policy, a “Fraud Law” is a violation of federal criminal law involving: securities fraud, mail fraud, bank fraud or wire, radio or television fraud;violations of rules or regulations of the Securities and Exchange Commission; or 1 2889802violations of any federal law relating to fraud against stockholders. This Code is intended to clarify your existing obligation for proper conduct. The standards and the supporting policies and procedures may change from time to time in the Company’s discretion. Each employee is responsible for knowing and complying with the current laws, regulations, standards, policies and procedures that apply to the Company’s work. The most current version of this document can be found at the company’s intranet site. This Codeis not an employment contract between the Company andits employees, nor does it modify their employment relationship with the Company. Disseminationand AmendmentTheCompanyreservestherightto amend, alteror terminatethis Codeanytime foranyreason.Themost currentversionthis Codefoundon the Company’swebsite.Other ImportantContactInformationHumanResourcesDepartment:anaaortelephone9729613749,emailDana.Maor@cevadsp.comFinance InvestorRelations: YanivArieli:telephone 9723770,emailyaniv.arieli@cevadsp.comExecutive Team:GideonWertheizer:telephone9723775, emailgideon.wertheizer@cevadsp.comThis documentis not employmentcontractbetweenthe Companyandanyof itsemployees,officersdi