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Exhibit 10.46

Notice of Grant of Stock Option
and Option Agreement   Wind River Systems, Inc.
ID: 94-2873391
500 Wind River Way
Alameda, CA 94501    

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[Name of Optionholder]
[Address of Optionholder]   Option Number:
Plan:   [Option Number]
1998 Non-Officer Stock Option Plan

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Effective on [Date of Grant] (the "Date of Grant"), you have been granted a(n)
Non-Qualified Stock Option to buy [Number of Shares] shares of Wind River
Systems, Inc. (the Company) stock at $[Price Per Share] per share. The date on
which your option begins to vest is [Vesting Start Date] (the "Vesting Start
Date").

The total option price of the shares granted is [Total Exercise Price of
Option].

Shares in each period will become fully vested on the date shown.

Shares

  Vest Type

  Full Vest

  Expiration Date

[Number of Shares]   On Vest Date   [Month/Day/Year]   [Month/Day/Year] [Number
of Shares]   Monthly   [Month/Day/Year]   [Month/Day/Year]

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By your signature and the Company's signature below, you and the Company agree
that this option is granted under and governed by the terms and conditions of
the Company's Stock Option Plan (see above reference to plan) as amended and
made available on the Wind River internal web site and the attached Option
Agreement, both of which are incorporated by reference and made a part of this
document.

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Wind River Systems, Inc.  

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Date

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[Name of Optionholder]
 

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Date

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ATTACHMENT I

WIND RIVER SYSTEMS, INC.
1998 NON-OFFICER STOCK OPTION PLAN

NONSTATUTORY STOCK OPTION AGREEMENT
(FOR EMPLOYEES SUBJECT TO THE LAWS OF BELGIUM)

    Pursuant to your Notice of Grant of Stock Option ("Grant Notice") and this
Stock Option Agreement, Wind River Systems, Inc. (the "Company") has granted you
an option under its 1998 Non-Officer Stock Option Plan (the "Plan") to purchase
the number of shares of the Company's Common Stock indicated in your Grant
Notice at the exercise price indicated in your Grant Notice. Defined terms not
explicitly defined in this Stock Option Agreement but defined in the Plan shall
have the same definitions as in the Plan.

    The details of your option are as follows:

    1.  Vesting.  Subject to the limitations contained herein, your option will
vest as provided in your Grant Notice, provided that vesting will cease upon the
termination of your Continuous Service.

    2.  Number of Shares and Exercise Price.  The number of shares of Common
Stock subject to your option and your exercise price per share is irrevocably
determined in your Grant Notice and may not be adjusted. The Company will not
provide, directly or indirectly, hedging or downside protection against a
decrease in the value of the shares of Common Stock.

    3.  Method of Payment.  Payment of the exercise price is due in full upon
exercise of all or any part of your option. You may elect to make payment of the
exercise price in cash or by check, or in the Company's sole discretion at the
time your option is exercised and provided that at the time of exercise the
Common Stock is publicly traded and quoted regularly in The Wall Street Journal,
pursuant to a program developed under Regulation T as promulgated by the Federal
Reserve Board that, prior to the issuance of Common Stock, results in either the
receipt of cash (or check) by the Company or the receipt of irrevocable
instructions to pay the aggregate exercise price to the Company from the sales
proceeds.

    4.  Whole Shares.  You may exercise your option only for whole shares of
Common Stock.

    5.  Securities Law Compliance.  Notwithstanding anything to the contrary
contained herein, you may not exercise your option unless the shares of Common
Stock issuable upon such exercise are then registered under the Securities Act.
The exercise of your option must also comply with other applicable laws and
regulations governing your option, and you may not exercise your option if the
Company determines that such exercise would not be in material compliance with
such laws and regulations.

    6.  Term.  The term of your option (the "Term") commences on 1 January of
the first calendar year following the third anniversary of the Date of Grant and
expires (along with your option) on the fifth anniversary of the Date of Grant
(the "Expiration Date"). In addition to the foregoing, your option will in any
event expire immediately and irrevocably: (a) eighteen (18) months after your
death, if you die during, or within three (3) months after the termination of
your Continuous Service, (b) twelve (12) months after the termination of your
Continuous Service due to disability or (c) three (3) months after the
termination of your Continuous Service for any other reason; provided, however,
that if (x) such termination of your Continuous Service occurs prior to the
commencement of the Term and (y) at the time of such termination of your
Continuous Service the option is vested (partially or fully), then the
expiration of the option pursuant to the foregoing clauses (a), (b) and
(c) shall be effective as of the earlier of the Expiration Date set forth above
or eighteen months (18) (in the case of clause (a)), twelve (12) months (in the
case of clause (b)), or three (3) months (in the case of clause (c)) after the
commencement of the Term; and provided, further, that if during any part of the
period prior to the expiration of the option it is not exercisable solely
because of the condition set forth in paragraph 5 (Securities Law Compliance),
the option shall not expire until the earlier of the Expiration Date or the date
as of which it shall have been exercisable for an aggregate period of time after
the termination of Continuous Service that is equal to the applicable period of
time under

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clause (a), (b) or (c) in this paragraph 6. The provisions of the foregoing
sentence shall in no event permit your option to continue in existence after the
Expiration Date. Notwithstanding the foregoing, this option may be exercised
following termination of Continuous Status as an Employee, Director or
Consultant only as to that number of shares as to which it was exercisable on
the date of such termination under the provisions of Section 1 hereof.

    7.  Exercise.

    (a)  Your option cannot be exercised before the commencement of the Term or
after the Term expires. You may exercise the vested portion of your option
during the Term by delivering a Notice of Exercise (in a form designated by the
Company) together with the exercise price to the Secretary of the Company, or to
such other person as the Company may designate, during regular business hours,
together with such additional documents as the Company may then require.

    (b)  By exercising your option you agree that, as a condition to any
exercise of your option, the Company may require you to enter into an
arrangement providing for the payment by you to the Company of any tax
withholding obligation of the Company arising by reason of (1) the exercise of
your option or (2) the disposition of shares of Common Stock acquired upon such
exercise.

    8.  Transferability.  Your option is not transferable, except by will or by
the laws of descent and distribution, and is exercisable during your life only
by you. Notwithstanding the foregoing, by delivering written notice to the
Company, in a form satisfactory to the Company, you may designate a third party
who, in the event of your death, shall thereafter be entitled to exercise your
option.

    9.  Option Not a Service Contract.  Your option is not an employment or
service contract, and nothing in your option shall be deemed to create in any
way whatsoever any obligation on your part to continue in the employ of the
Company or an Affiliate, or of the Company or an Affiliate to continue your
employment. In addition, nothing in your option shall obligate the Company or an
Affiliate, their respective shareholders, Boards of Directors, Officers or
Employees to continue any relationship that you might have as a Director or
Consultant for the Company or an Affiliate.

    10.  Withholding Obligations.

    (a)  You hereby authorize withholding at the time of the Date of Grant or at
any time thereafter from payroll and any other amounts payable to you, and
otherwise agree to make adequate provision for (including by means of a
"cashless exercise" pursuant to a program developed under Regulation T as
promulgated by the Federal Reserve Board to the extent permitted by the
Company), any sums required to satisfy the federal, state, local and foreign tax
withholding obligations of the Company or an Affiliate, if any, which arise in
connection with your option to the extent required or permitted by law.

    (b)  Upon your request and subject to approval by the Company, in its sole
discretion, and in compliance with any applicable conditions or restrictions of
law, the Company may withhold from fully vested shares of Common Stock otherwise
issuable to you upon the exercise of your option a number of whole shares of
Common Stock having a Fair Market Value, determined by the Company as of the
date of exercise, not in excess of the minimum amount of tax required to be
withheld by law. Any adverse consequences to you arising in connection with such
share withholding procedure shall be your sole responsibility.

    (c)  You may not exercise your option unless the tax withholding obligations
of the Company and/or any Affiliate are satisfied. Accordingly, you may not be
able to exercise your option when desired even though your option is vested, and
the Company shall have no obligation to issue a certificate for such shares of
Common Stock or release such shares of Common Stock from any escrow provided for
herein.

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    11.  Notices.  Any notices provided for in your option or the Plan shall be
given in writing and shall be deemed effectively given upon receipt or, in the
case of notices delivered by mail by the Company to you, five (5) days after
deposit in the United States mail, postage prepaid, addressed to you at the last
address you provided to the Company.

    12.  Governing Plan Document.  To the extent not derogated from in this
Stock Option Agreement, your option is subject to all the provisions of the
Plan, the provisions of which are hereby made a part of your option, and is
further subject to all interpretations, amendments, rules and regulations which
may from time to time be promulgated and adopted pursuant to the Plan. In the
event of any conflict between this Stock Option Agreement and those of the Plan,
the provisions of your option shall control.

    13.  Privacy Notification.

    (a)  By participating in the Plan or accepting any rights granted under it,
you consent to the collection and processing by the Company and its subsidiaries
of personal data relating to you so that they can enroll you in the stock option
plan, fulfill their obligations and exercise their rights under the Plan, issue
certificates (if any), statements and communications relating to the Plan and
generally administer and manage the Plan, including keeping records of
participation levels from time to time. Any such processing shall be in
accordance with the purposes and provisions of this data protection provision.
References in this provision to Wind River Inc. and its subsidiaries include
your employer.

    These data will include data:

•already held in your records such as your name and address, ID number, payroll
number, length of service and whether you work full-time or part time;

•collected upon you accepting the rights granted under the Plan (if applicable);
and

•subsequently collected by the Company or any of its subsidiaries in relation to
your continued participation in the Plan, for example, data about shares offered
or received, purchased or sold under the Plan from time to time and other
appropriate financial and other data about you and your participation in the
Plan (e.g., termination of employment and the reasons of termination of your
employment or retirement).

    (b)  In particular, you expressly consent to the transfer of personal data
about you as described in subparagraph (a) above by the Company and its
subsidiaries. Data may be transferred not only within the country in which you
are based from time to time or within the European Union or the European
Economic Area, but also worldwide, to other employees and officers of the
Company and its subsidiaries and to the following third parties for the purposes
described in subparagraph (a) above:

•stock option plan administrators, auditors, brokers, banks or other savings
institutions, agents and contractors of, and third party service providers to,
the Company or its subsidiaries such as printers and mail houses engaged to
print or distribute notices or communications about the stock option plan;

•regulators, tax authorities, stock or security exchanges and other supervisory,
regulatory, governmental or public bodies as required by law;

•actual or proposed merger partners or proposed assignees of, or those taking or
proposing to take security over, the business or assets of the Company or its
subsidiaries and their agents and contractors;

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•other third parties to whom the Company or its subsidiaries may need to
communicate/transfer the data in connection with the administration of the stock
option plan, under a duty of confidentiality to the Company and its
subsidiaries; and

•your family members, heirs, legatees and others associated with you in
connection with the Plan.

    (c)  Not all countries, where the personal data may be transferred to, have
an equal level of data protection as in the European Union or the European
Economic Area. Countries to which data are transferred include the United States
of America.

    (d)  All national and international transfer of personal data is only done
in order to fulfill the obligations and rights of the Company and/or its
subsidiaries under the Plan.

    (e)  You have the right to be informed whether Wind River Inc. or its
subsidiaries hold personal data about you and, to the extent they do so, to have
access to those personal data at no charge and require them to be corrected if
they are inaccurate or to be destroyed if you wish to withdraw your consent. You
are entitled to all the other rights provided for by applicable data protection
law, including those detailed in any applicable documentation or guidelines
provided to you by the Company or its subsidiaries in the past.

    (f)  The processing (including transfer) of data described above is
essential for the administration and operation of the Plan. Therefore, in cases
where you wish to participate in the Plan, it is essential that your personal
data is processed in the manner described above.

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ATTACHMENT II

NOTICE OF EXERCISE

Wind River Systems, Inc.
500 Wind River Way
Alameda, CA 94501

    Date of Exercise:            

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Ladies and Gentlemen:

    This constitutes notice under my stock option that I elect to purchase the
number of shares for the price set forth below.

Type of option:   Nonstatutory
Effective Date of Option/Date of Grant:
 
     

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Number of shares as to which option is exercised:
 
     

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Certificate(s) to be issued in the name of:
 
     

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Total exercise price:
 
$    

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Cash payment delivered herewith:
 
$    

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    By this exercise, I agree (i) to provide such additional documents as you
may require pursuant to the terms of the 1998 Non-Officer Stock Option Plan and
(ii) to provide for the payment by me to you (in the manner designated by you)
of your withholding obligation, if any, relating to the exercise of this option.

    Very truly yours,
 
 

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(Signature)
 
 

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(Print Name)

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Exhibit 10.46