Exhibit 10.4

SILICON GRAPHICS INTERNATIONAL CORP.
THIRD AMENDMENT TO EMPLOYMENT AGREEMENT

This THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (this “Third Amendment”), effective
February 21, 2013 (the “Effective Date”), is executed by and between Silicon
Graphics International Corp., a Delaware corporation, formerly known as Rackable
Systems, Inc. (“SGI”), and Anthony Carrozza (the “Executive”). SGI and the
Executive are each individually referred to as a “Party” and are collectively
referred to as the “Parties” herein.

RECITALS

Whereas, Executive and SGI have entered into an employment agreement letter
dated January 24, 2008, as amended by that certain First Amendment dated
December 23, 2008 and a Second Amendment dated December 17, 2012 (collectively,
the “Employment Agreement”); and

Whereas, the parties desire to amend the Employment Agreement again.

AGREEMENT

Now therefore, in consideration of the mutual promises and covenants set forth
in this Third Amendment, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree that upon the Effective Date, the Employment
Agreement is hereby amended as follows:

1.
Section 8 of the Employment Agreement is hereby amended to read in its entirety
as follows:

“CHANGE IN CONTROL SEVERANCE BENEFITS. If, within twelve (12) months following a
Change in Control, your employment is terminated by the Company without Cause,
or by you for Good Reason; and you sign, date, return to the Company and allow
to become effective a release of all claims in the form attached hereto as
Exhibit B or such other form satisfactory to the Company in its sole discretion
(the “Release”), then in lieu of any Severance Benefits set forth in Section 9
herein, you shall be entitled to receive the following severance benefits (the
“Change in Control Severance Benefits”); provided that you must execute and
return the Release on or before the date specified by the Company in the
prescribed form (the “Release Deadline”).  The Release Deadline will in no event
be later than fifty (50) days after your separation.  If you fail to return the
Release on or before the Release Deadline, or if you revoke the Release, then
you will not be entitled to the benefits described in this Section 8.  The
severance payments will commence within sixty (60) days after your separation
and, once they commence, will include any unpaid amounts accrued from the date
of your separation.  However, if the 60-day period described in the preceding
sentence spans two calendar years, then the payments will in any event begin in
the second calendar year.
a. Accelerated Vesting. All unvested stock options and restricted stock units
referred to herein and any subsequent grants of stock options, restricted stock
units or any other equity awards granted under current or future plans shall
become fully vested upon the closing of a Change in Control of the Company;
b. Severance Pay. You will be eligible to receive severance pay in the total
amount equal to the sum of (i) twelve (12) months of your base salary in effect
as of the employment termination date (ii) the full amount of your annual
performance bonus at target, and (iii) the prorated amount of your quarterly
performance bonus at target for the fiscal quarter in which

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Exhibit 10.4

the termination occurred. The severance pay will be paid in one lump sum
payment, subject to required payroll deductions and withholdings; and
c. COBRA Benefits. If you timely elect and continue to remain eligible for
continued group health insurance coverage under federal COBRA law or, if
applicable, state insurance laws (collectively, “COBRA”), the Company will pay
your COBRA premiums sufficient to continue your group health insurance coverage
at the same level in effect as of your employment termination date (including
dependent coverage, if applicable) for twelve (12) months after the employment
termination date; provided that, the Company’s obligation to pay your COBRA
premiums will cease earlier if you become eligible for group health insurance
coverage through a new employer and you must provide prompt written notice to
the Company if you become eligible for group health insurance coverage through a
new employer within twelve (12) months after your employment termination date.
Notwithstanding the foregoing, if the Company determines, in its sole
discretion, that it cannot provide the foregoing benefit without potentially
violating applicable law (including, without limitation, Section 2716 of the
Public Health Services Act), the Company shall instead provide you a taxable
monthly payment in an amount equal to the monthly COBRA premium that you would
otherwise be required to pay to continue your group health coverage in effect
from the date of your termination of employment, which payments shall be made
regardless of whether you elect COBRA continuation coverage and shall end on the
earlier of (x) the date on which you obtain other employment and (y) twelve (12)
months after your employment termination date.”
2. Section 9 of the Employment Agreement is hereby amended to read in its
entirety as follows:
“SEVERANCE BENEFITS. If, at any time other than during the twelve (12) month
period following a Change in Control, your employment is terminated by the
Company without Cause, or by you for Good Reason; and you sign, date, return to
the Company and allow to become effective the Release, then you shall be
entitled to receive the following severance benefits (the “Severance Benefits”);
provided that you must execute and return the Release on or before the Release
Deadline. If you fail to return the Release on or before the Release Deadline,
or if you revoke the Release, then you will not be entitled to the benefits
described in this Section 9. The severance payments will commence within sixty
(60) days after your separation and, once they commence, will include any unpaid
amounts accrued from the date of your separation.  However, if the sixty (60)
day period described in the preceding sentence spans two calendar years, then
the payments will in any event begin in the second calendar year.        
a. Severance Pay. You will be eligible to receive severance pay in the total
amount equal    to the sum of (i) six (6) months of your base salary in effect
as of the employment termination date, and (ii) the prorated amount of your
quarterly performance bonus at target for the fiscal quarter in which the
termination occurred. The severance pay will be subject to required payroll
deductions and withholdings, and will be paid in thirteen (13) equal
installments over a period of six (6) months, with such payments made on the
Company’s normal payroll schedule; and

b. COBRA Benefits. If you timely elect and continue to remain eligible for
COBRA, the Company will pay your COBRA premiums sufficient to continue your
group health insurance coverage at the same level in effect as of your
employment termination date (including

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Exhibit 10.4

dependent coverage, if applicable) for six (6) months after the employment
termination date; provided that, the Company’s obligation to pay your COBRA
premiums will cease earlier if you become eligible for group health insurance
coverage through a new employer and you must provide prompt written notice to
the Board if you become eligible for group health insurance coverage through a
new employer within six (6) months after your employment termination date.
Notwithstanding the foregoing, if the Company determines, in its sole
discretion, that it cannot provide the foregoing benefit without potentially
violating applicable law (including, without limitation, Section 2716 of the
Public Health Services Act), the Company shall instead provide you a taxable
monthly payment in an amount equal to the monthly COBRA premium that you would
otherwise be required to pay to continue your group health coverage in effect
from the date of your termination of employment, which payments shall be made
regardless of whether you elect COBRA continuation coverage and shall end on the
earlier of (x) the date on which you obtain other employment and (y) six (6)
months after your employment termination date.”
3. Except as amended herein, the Employment Agreement shall remain in full force
and effect without modification thereto.
IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment as of
the Effective Date.
SILICON GRAPHICS
EXECUTIVE
INTERNATIONAL CORP.
 
 
 
By:  /s/ Jennifer Pratt
By:  /s/ Anthony Carrozza
Name: Jennifer Pratt
Name: Anthony Carrozza
Title: SVP, Human Resources
Title: Executive VP, Worldwide Sales
 
 
Signature Date: April 19, 2013
Signature Date: April 19, 2013