Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 70

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 70
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able Shares, but may also be settled in cash or in a combination of Shares and cash.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 Stock Options and SARs. Stock options provide for the right to purchase Shares in the future at an exercise price set on the grant date. SARs entitle their holder, upon exercise, to receive an amount equal to the appreciation of the Shares subject to the award between the grant date and the exercise date, payable in Shares, cash or a combination of Shares and cash. The exercise price of stock options and SARs granted pursuant to the Restated 2015 SIP will not be less than 100% of the fair market value of the Shares on the date of grant (with the exception of substitute awards). The exercise price of a stock option may be paid by the participant in any form permitted by the CLDC, as described below under "Payment for Option Shares." Stock options and SARs may be exercised as determined by the CLDC, but in no event may have a term extending beyond the 10th anniversary of the date of grant. ISOs granted to any person who owns, as of the date of grant, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any of its parents or subsidiaries must have an exercise price that is not less than 110% of the fair market value of the Shares on the date of grant and may not have a term extending beyond the 5th anniversary of the date of grant. The period during which a participant may have a right to vest in and exercise an option or SAR will be set by the CLDC. The CLDC may accelerate the vesting of an option, provided that no option may vest following its expiration, termination, or forfeiture. 
 Restricted Stock and Unrestricted Stock. Restricted stock is an award of nontransferable Shares that remain forfeitable unless and until specified conditions are met, and which may be subject to a purchase price. Upon the issuance of restricted stock, a participant will have all of the rights of a stockholder, including the right to receive dividends and other distributions, subject to the CLDC's discretion, and provided that any such dividends will be subject to vesting and will not be paid to the participant unless and until the restricted stock vests. The CLDC may accelerate the vesting of restricted stock by removing any and all restrictions imposed on the award. Except as otherwise determined by the CLDC, in the event a participant's service is terminated during the applicable restriction period and