EXHIBIT 10.12
RESTRICTED STOCK UNIT AGREEMENT
UNDER THE FIFTH AMENDED AND RESTATED ANSYS, INC.
1996 STOCK OPTION AND GRANT PLAN
Name of Grantee:            
No. of Restricted Stock Units Granted:
Grant Date:                

Pursuant to the Fifth Amended and Restated ANSYS, Inc. 1996 Stock Option and
Grant Plan (the “Plan”) as amended through the date hereof, ANSYS, Inc. (the
“Company”) hereby grants the number of Restricted Stock Units listed above (the
“Award”) to the Grantee named above. Each “Restricted Stock Unit” shall relate
to one share of Common Stock par value $.01 per share (the “Stock”) of the
Company, subject to the restrictions and conditions set forth in this Restricted
Stock Unit Agreement (the “Agreement”) and in the Plan.
1.Restrictions on Transfer of Award. The Award shall not be sold, transferred,
pledged, assigned or otherwise encumbered or disposed of by the Grantee, until
shares of Stock have been issued pursuant to Section 3 hereof.
2.Vesting of Restricted Stock Units.
(a)    The Restricted Stock Units shall become vested pursuant to the following
schedule (each, a “Vesting Date”), so long as the Grantee continues to be
employed by the Company on each such date;
Incremental Number of
Restricted Stock Units Vested
Vest Date
%%SHARES_PERIOD1,’999,999,999’%-%
33%
%%VEST_DATE_PERIOD1,’Month DD, YYYY’%-%
%%SHARES_PERIOD2,’999,999,999’%-%
33%
%%VEST_DATE_PERIOD2,’Month DD, YYYY’%-%
%%SHARES_PERIOD3,’999,999,999’%-%
34%
%%VEST_DATE_PERIOD3,’Month DD, YYYY’%-%

Notwithstanding the foregoing, if the Grantee’s employment with the Company is
terminated on account of the Grantee’s death or Disability (as defined below),
any Restricted Stock Units that are not vested shall automatically vest in full
as of the date that the Grantee’s employment terminates by reason of death or
Disability. For purposes hereof, “Disability” shall mean the Grantee’s
termination of employment

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with the Company: (i) after becoming eligible to receive benefits under the
Company’s then current long-term disability plan that is applicable to Grantee;
(ii) where Grantee is not eligible under a Company long-term disability plan,
after being officially declared permanently disabled under the mandatorily
applicable health or welfare regulations of the applicable jurisdiction; or,
(iii) in the absence of such a determination under said regulations, after being
officially declared permanently disabled by a physician appointed by the Company
in its sole discretion.
(b)    Notwithstanding anything herein to the contrary, in the event that this
Award is assumed in the sole discretion of the parties to a Transaction (as
defined in Section 3 of the Plan) or is continued by the Company and thereafter
remains in effect following such Transaction, then this Award shall be deemed
vested in full upon the date on which the Grantee’s employment with the Company
and its subsidiaries or successor entities terminates if (i) such termination
occurs within 18 months of such Transaction and (ii) such termination is by
either the Company without Cause (as defined below), or by the Grantee if such
termination by the Grantee is preceded during such 18-month period by any
material adverse modification of the duties, principal employment location or
compensation of the Grantee without his or her consent, subject, however, to the
following sentence. In addition and notwithstanding anything herein to the
contrary, in the event that the Grantee is not offered employment by the Company
and its subsidiaries or any successor entities following a Transaction on
substantially the same or better terms (including, without limitation, duties
and compensation) than those in effect immediately prior to such Transaction,
then this Award shall be deemed vested in full upon the date on which the
Grantee’s employment with the Company and its subsidiaries terminates. For this
purpose, “Cause” shall have the meaning given such term in the employment,
severance or similar agreement between the Company and the Grantee and, in the
absence of any such agreement, shall mean a determination by the Company that
the Grantee shall be dismissed as a result of (i) any material breach by the
Grantee of any agreement between the Grantee and the Company; (ii) the
conviction of, indictment for or plea of nolo contendere by the Grantee to a
felony or a crime involving moral turpitude; or (iii) any material misconduct or
willful and deliberate non-performance (other than by reason of disability) by
the Grantee of the Grantee’s duties to the Company.
3.Issuance of Shares of Stock.
(a)    Subject to the terms of the Plan and this Agreement, each Restricted
Stock Unit entitles the Grantee to receive one share of Stock as soon as
reasonably practicable following the Vesting Date.
(b)    As soon as reasonably practicable following each Vesting Date, but in no
event later than 60 days after the end of the year in which such Vesting Date
occurs, the Company shall direct its transfer agent to issue to the Grantee the
number of shares of Stock equal to the incremental number of Restricted Stock
Units that became vested on such Vesting Date in satisfaction of the Award via
the Company’s dedicated on-line broker.
(c)    Shares of Stock shall be issued and delivered to the Grantee in
accordance with Section 3(b) upon compliance to the satisfaction of the
Committee with all requirements under applicable laws or regulations in
connection with such issuance and with the requirements hereof and of the Plan.
The determination of the Committee as to such compliance shall be final and
binding on the Grantee.

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(d)    Until such time as shares of Stock are issued to the Grantee pursuant to
Section 3(b), the Grantee shall have no rights as a stockholder with respect to
any shares of Stock underlying the Restricted Stock Units, including but not
limited to any voting rights.
4.Termination of Employment. Except as provided in Section 2(b) hereof, if the
Grantee’s employment by the Company or its subsidiaries is terminated for any
reason or under any circumstances, this Award shall no longer vest with respect
to any unvested Restricted Stock Units.
5.Effect of Certain Transactions. Subject to Section 2(b) hereof, in the case of
a Transaction (as defined in Section 3 of the Plan), the unvested portion of
this Award shall terminate on the effective date of such Transaction, unless
provision is made in such Transaction in the sole discretion of the parties
thereto for the assumption or continuation of the unvested Award or the
substitution for the unvested Award of new restricted stock units of the
successor person or entity or a parent or subsidiary thereof, with appropriate
adjustment as to the number and kind of shares, as provided in the Plan.
6.Incorporation of Plan. Notwithstanding anything herein to the contrary, this
Award shall be subject to and governed by all the terms and conditions of the
Plan, including the powers of the Committee set forth in Section 2(b) of the
Plan. Capitalized terms used herein shall have the meaning specified in the
Plan, unless a different meaning is specified herein.
7.Transferability. This Award is personal to the Grantee, is non-assignable and
is not transferable by Grantee in any manner, by operation of law or otherwise,
other than by will or the laws of descent and distribution. The Stock to be
issued upon the vesting of this Award to the Grantee shall be issued, during the
Grantee’s lifetime, only to the Grantee.
8.Tax Withholding. Any issuance of shares of Stock to a Grantee pursuant to this
Award shall be subject to applicable tax withholding requirements. The Grantee
shall, not later than the date as of which the transfer of shares of Stock
pursuant to this Award becomes a taxable event for Federal income tax or other
applicable withholding tax purposes, pay to the Company or make arrangements
satisfactory to the Committee for payment of any Federal, state, local, non
U.S., or other taxes required by law to be withheld on account of such taxable
event. The Company shall have the authority to cause the required minimum tax
withholding amount to be satisfied, in whole or in part, by withholding from
shares of Stock to be issued to the Grantee a number of shares of Stock with an
aggregate Fair Market Value that would satisfy such minimum withholding
obligation.
9.No Obligation to Continue Employment. Neither the Company nor any Subsidiary
is obligated by or as a result of the Plan or this Award to continue the Grantee
in employment and neither the Plan nor this Award shall interfere in any way
with the right of the Company or any Subsidiary to terminate the employment of
the Grantee at any time, in accordance with applicable law.
10.Non-Competition, Non-Solicitation. As additional consideration for this Award
to the Grantee, the Grantee hereby agrees that if he or she engages for any
reason, directly or indirectly, whether as owner, part-owner, shareholder,
member, partner, director, officer, trustee, employee, agent or consultant, or
in any other capacity, on behalf of himself or herself or any firm, corporation
or other business organization other than the Company and its subsidiaries in
any one or more of the following activities:

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(a)    at any time during his or her employment with the Company or any
Subsidiary (the “Employment Period”) and for a period of one year after the
termination of his or her employment with the Company or any Subsidiary no
matter what the cause of that termination (the “Post-Employment Period”), the
development, marketing, solicitation, or selling of any product or service that
is competitive with the products or services of the Company, or products or
services that the Company has under development or that are subject to active
planning at any time during Grantee’s employment; provided that the restrictions
set forth in this Section 10(a) for the Post-Employment Period shall not apply
to any Grantee who is a California-based employee;
(b)    during the Employment Period and/or Post-Employment Period, the use of
any of the Company’s confidential or proprietary information, copyrights,
patents or trade secrets which was acquired by the Grantee as an employee of the
Company and its subsidiaries; or
(c)    during the Employment Period and/or Post-Employment Period, any activity
for the purpose of inducing, encouraging, or arranging for the employment or
engagement by anyone other than the Company and its subsidiaries of any
employee, officer, director, agent, consultant, or sales representative of the
Company and its subsidiaries or attempt to engage any of them in a manner which
would deprive the Company and its subsidiaries of their services or place them
in a conflict of interest with the Company and its subsidiaries;
then (i) this Award shall terminate effective on the date on which he or she
first engages in such activity, unless terminated sooner by operation of any
other term or condition of this Award or the Plan, and (ii) all shares of Stock
issued to the Grantee pursuant to this Award shall become immediately due and
payable by Grantee to the Company and if such shares of Stock have been sold by
the Grantee, an amount equal to the proceeds from such sale shall become
immediately due and payable by the Grantee to the Company. Grantee acknowledges
and agrees that the activities set forth in this Section 10(a)-(c) are adverse
to the Company’s interests, and that it would be inequitable for Grantee to
benefit from this Award should Grantee engage in any such activities during or
within one year after termination of his or her employment with the Company.
Grantee acknowledges and agrees that the rights and remedies set forth in this
Section 10 are in addition to and are not intended to limit any other rights or
remedies the Company may have available to it, both during and at any time after
the termination of Grantee’s employment with the Company, including without
limitation, any rights or remedies the Company may have under the ANSYS
Intellectual Property Protection Agreement or other similar agreements.

The Grantee may be released from his or her obligations as stated above only if
the Committee (or its duly appointed agent) determines in its sole discretion
that such action is in the best interests of the Company and its subsidiaries.
Notwithstanding the foregoing, if the Grantee has an agreement with the Company
in which any of the provisions therein are inconsistent with the covenants set
forth in this Section 10, the terms of such other agreement shall control and
shall supersede the covenants of this Section 10 but only to the extent of such
inconsistency.
11.Section 409A of the Code. This Agreement shall be interpreted in such a
manner that the Award shall be exempt from the requirements of Section 409A of
the Code as a “short-term deferral” as described in Section 409A of the Code.

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12.Integration. This Agreement constitutes the entire agreement between the
parties with respect to this Award and supersedes all prior agreements and
discussions between the parties concerning such subject matter.
13.Data Privacy. Collection and use of Grantee’s personal data, as well as any
personal data belonging to Grantee’s permitted beneficiaries hereunder, for the
purposes of implementing, administering, and managing Grantee’s participation in
the Plan shall be processed by Company in accordance with the ANSYS Global Data
Protection Notice. Additional details about the types of personal data used to
administer the Plan, including, where applicable, the Company’s policies on
sharing of personal data with third-party service providers and cross-border
data transfer, may be found in the Global Data Protection Notice.
14.Nature of Grant. In accepting the Award, the Grantee acknowledges,
understands and agrees that:
(a)    the Plan is established voluntarily by the Company, it is discretionary
in nature and it may be modified, amended, suspended or terminated by the
Company at any time, to the extent permitted by the Plan;
(b)    the grant of the Award is voluntary and occasional and does not create
any contractual or other right to receive future grants;
(c)    all decisions with respect to future Awards or other grants, if any, will
be at the sole discretion of the Company;
(d)    the Award and the Grantee’s participation in the Plan shall not be
interpreted as forming an employment contract with the Company;
(e)    the Grantee is voluntarily participating in the Plan;
(f)    the Award and any shares of Stock acquired under the Plan are not
intended to replace any pension rights or compensation;
(g)    the Award and any shares of Stock acquired under the Plan, and the income
and value of same, are not part of normal or expected compensation for any
purpose, including, without limitation, calculating any severance, resignation,
termination, redundancy, dismissal, end-of-service payments, bonuses,
long-service awards, pension or retirement benefits or payments or welfare
benefits or similar payments;
(h)    the future value of the shares of Stock underlying the Award is unknown,
indeterminable, and cannot be predicted with certainty;
(i)    no claim or entitlement to compensation or damages shall arise from
forfeiture of the Award resulting from the termination of the Grantee’s
employment relationship (for any reason whatsoever, whether or not later found
to be invalid or in breach of employment laws in the jurisdiction where the
Grantee is employed or the terms of the Grantee’s employment agreement, if any);

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(j)    unless otherwise provided in the Plan or by the Company in its
discretion, the Award and the benefits evidenced by this Agreement do not create
any entitlement to have the Award or any such benefits transferred to, or
assumed by, another company nor to be exchanged, cashed out or substituted for,
in connection with any corporate transaction affecting the Company’s Stock; and
(k)    neither the Employer, the Company nor any other Subsidiary shall be
liable for any foreign exchange rate fluctuation between the Grantee’s local
currency and the United States Dollar that may affect the value of the Award or
of any amounts due to the Grantee pursuant to settlement of the Award or the
subsequent sale of any shares of Stock acquired upon settlement.
15.No Advice Regarding Grant. The Company is not providing any tax, legal or
financial advice, nor is the Company making any recommendations regarding the
Grantee’s participation in the Plan, or the Grantee’s acquisition or sale of the
underlying shares of Stock.  The Grantee is hereby advised to consult with his
or her own personal tax, legal and financial advisors regarding his or her
participation in the Plan before taking any action related to the Plan.
16.Language. If the Grantee has received this Agreement, or any other document
related to the Award and/or the Plan translated into a language other than
English and if the meaning of the translated version is different than the
English version, the English version will control.
17.Notices. Notices hereunder shall be mailed or delivered to the Company at its
principal place of business and shall be mailed or delivered to the Grantee at
the address on file with the Company or, in either case, at such other address
as one party may subsequently furnish to the other party in writing.
18.Amendment. Pursuant to Section 18 of the Plan, the Committee may at any time
amend or cancel any unvested portion of this Award, but no such action may be
taken that adversely affects the Grantee’s rights under hereunder without the
Grantee’s consent.
19.Severability. If any provision(s) hereof shall be determined to be illegal or
unenforceable, such determination shall in no manner affect the legality or
enforceability of any other provision hereof.
20.Counterparts. For the convenience of the parties and to facilitate execution,
this Agreement may be executed in two or more counterparts, each of which shall
be deemed an original, but all of which shall constitute one and the same
document.
21.Electronic Delivery and Acceptance. The Company may, in its sole discretion,
decide to deliver any documents related to Restricted Stock Units awarded under
the Plan or future Restricted Stock Units that may be awarded under the Plan by
electronic means or request the Grantee’s consent to participate in the Plan by
electronic means. The Grantee hereby consents to receive such documents by
electronic delivery and agrees to participate in the Plan through any on-line or
electronic system established and maintained by the Company or a third party
designated by the Company.
22.Imposition of Other Requirements. The Company reserves the right to impose
other requirements on the Restricted Stock Unit Award and the shares of Stock
acquired pursuant to the Award, to the extent the Company determines it is
necessary or advisable for legal or administrative reasons, and to

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require the Grantee to sign any additional agreements or undertakings that may
be necessary to accomplish the foregoing.
23.Waiver. The Grantee acknowledges that a waiver by the Company of breach of
any provision of this Agreement shall not operate or be construed as a waiver of
any other provision of this Agreement, or of any subsequent breach by the
Grantee or any other Grantee.
24.Governing Law and Venue. This Agreement and the Award will be governed by,
and construed in accordance with, the laws of the state of Delaware without
giving effect to the conflict of law principles thereof. For any dispute that
may arise in connection with this Agreement or the Award, the parties hereby
submit to and consent to the jurisdiction of the Courts of the State of Delaware
or the federal courts of the United States for the Third District, and no other
courts.
anssexhibit1012201912_image1.jpg [anssexhibit1012201912_image1.jpg]ANSYS, Inc.

By:                    
Name: Ajei S. Gopal    
Title: President and CEO

The foregoing Award is hereby accepted and the terms and conditions of this
Agreement are hereby agreed to by the undersigned. Electronic acceptance of this
Award pursuant to the Company’s instructions to the Grantee (including through
an online acceptance process) is acceptable.

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Dated:                
Grantee’s signature

Grantee’s name and address:
%%FIRST_NAME%-% %%LAST_NAME%-%
%%ADDRESS_LINE_1%-%
%%ADDRESS_LINE_2%-%
%%ADDRESS_LINE_3%-%
%%CITY%-% %%STATE%-% %%ZIPCODE%-%
%%COUNTRY%-%

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INTERNATIONAL APPENDIX

Additional Terms and Conditions

Terms and Conditions

This International Appendix includes additional terms and conditions that govern
the award granted to you under the Plan for your country. Certain capitalized
terms used but not defined in this International Appendix have the meanings set
forth in the Plan and the Agreement that relate to your award. By acceptance of
the award you agree to be bound by the terms and conditions contained in the
paragraphs below in addition to the terms of the Plan and the Agreement and the
terms of any other document that may apply to you and your award.

Notifications

This International Appendix also includes information regarding issues of which
you should be aware with respect to participation in the Plan. The information
is based on the securities, exchange control, and other laws in effect in the
respective countries as of the date set forth above. Such laws are often complex
and change frequently. As a result, it is strongly recommended that you not rely
on the information in this International Appendix as the only source of
information relating to the consequences of your participation in the Plan
because the information may be out of date at the time you vest in your award or
sell shares acquired under the Plan.

The information contained herein is general in nature and may not apply to your
particular situation, and the Company is not in a position to assure you of a
particular result. In addition, please note that the requirements may differ for
residents and non-residents. Accordingly, you are advised to seek appropriate
professional advice as to how the relevant laws in your country may apply to
your situation.

Finally, if you are a citizen or resident of a country other than the one in
which you are currently working, transferred employment to another country after
the award was granted to you, or are considered a resident of another country
for local law purposes, the information contained herein may not apply.

Provisions Applicable to all International Awards

Tax Obligations. The following provision replaces Section 8 of the Agreement:
The Grantee acknowledges that, regardless of any action the Company or, if
different, the subsidiary employing or retaining the Grantee (the “Employer”)
takes with respect to any or all income tax, social insurance, payroll tax,
fringe benefit tax, payment on account or other tax-related items related to the
Grantee’s participation in the Plan and legally applicable to the Grantee
(“Tax-Related Items”), the ultimate liability for Tax-Related Items is and
remains the Grantee’s responsibility and may exceed the amount, if

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any, actually withheld by the Company or the Employer. The Grantee further
acknowledges that the Company and/or the Employer (i) make no representations or
undertakings regarding the treatment of any Tax-Related Items in connection with
any aspect of the Restricted Stock Units, including, but not limited to, the
grant, vesting or settlement of the Restricted Stock Units, the subsequent sale
of shares of Stock acquired pursuant to such settlement and the receipt of any
dividends or other distributions, and (ii) do not commit to and are under no
obligation to structure the terms of the grant or any aspect of the Restricted
Stock Units to reduce or eliminate the Grantee’s liability for Tax-Related Items
or achieve any particular tax result. Further, if the Grantee is subject to
Tax-Related Items in more than one jurisdiction, the Grantee acknowledges that
the Company and/or the Employer (or former employer, as applicable) may be
required to withhold or account for Tax-Related Items in more than one
jurisdiction. If the Grantee fails to make satisfactory arrangements for the
payment of any required Tax-Related Items hereunder at the time of the
applicable taxable event, the Grantee acknowledges and agrees that the Company
may refuse to issue or deliver the shares of Stock or the proceeds of the sale
of shares of Stock.
Prior to the relevant taxable or tax withholding event, as applicable, the
Grantee agrees to make adequate arrangements satisfactory to the Company or the
Employer to satisfy all Tax-Related Items. In this regard, the Grantee
authorizes the Company and the Employer, or their respective agents, at their
discretion, to satisfy their withholding obligations with regard to all
Tax-Related Items, if any, by withholding from proceeds of the sale of shares of
Stock acquired at vesting of the Restricted Stock Units, either through a
voluntary sale or through a mandatory sale arranged by the Company (on the
Grantee’s behalf pursuant to this authorization) without further consent.
Alternatively, the Company and the Employer, or their respective agents, in
their sole discretion and pursuant to such procedures as they may specify from
time to time, may satisfy their withholding obligations with regard to all
Tax-Related Items, if any, in whole or in part (without limitation) by:
(i) requiring the Grantee to deliver cash or a check to the Company or the
Employer,
(ii) withholding from the Grantee’s wages or other cash compensation paid to the
Grantee by the Company or the Employer, or
(iii) withholding in shares of Stock to be issued upon settlement of the
Restricted Stock Units; provided, however, that if the Grantee is a Section 16
officer of the Company under the Exchange Act, then the Company will withhold
from proceeds of the sale of shares of Stock acquired at vesting of the
Restricted Stock Units, unless the use of such withholding method is inadvisable
under applicable laws or has materially adverse accounting consequences, in
which case, the withholding obligation for Tax-Related Items, if any, may be
satisfied by one or a combination of methods (i) and (ii) above.
Further, depending on the withholding method, the Company or the Employer may
withhold or account for Tax-Related Items by considering applicable statutory
rates or other applicable withholding rates, including the maximum rates
applicable in the Grantee’s jurisdiction, in which case the Grantee may receive
a refund of any over-withheld amount in cash and will have no entitlement to the
Stock equivalent. If the obligation for Tax-Related Items is satisfied by
withholding a number of shares of Stock, for tax purposes, the Grantee will be
deemed to have been issued the full number of shares of Stock subject to the
vested Restricted Stock Units, notwithstanding that a number of the shares of
Stock is held back solely for the purpose of paying the Tax-Related Items. The
Grantee agrees to pay to the Company and/or the

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Employer any amount of Tax-Related Items that the Company or the Employer may be
required to withhold or account for as a result of the Grantee’s participation
in the Plan that cannot be satisfied by the means previously described.
The Company shall not be obligated to deliver any shares of Stock to the Grantee
or the Grantee’s legal representative unless and until the Grantee or the
Grantee’s legal representative shall have paid or otherwise satisfied the
Grantee’s obligations in connection with the Tax-Related Items resulting from
the Restricted Stock Units or the shares of Stock subject to the Restricted
Stock Units.

Nature of Grant. The following provision replaces Section 14 of the Agreement:
In accepting the grant of Restricted Stock Units, the Grantee acknowledges that:
(a)    the Plan is established voluntarily by the Company, is discretionary in
nature and may be modified, amended, suspended or terminated by the Company at
any time, unless otherwise provided in the Plan and this Agreement;
(b)    the grant of Restricted Stock Units is voluntary and occasional and does
not create any contractual or other right to receive future grants of Restricted
Stock Units, or benefits in lieu of Restricted Stock Units, even if Restricted
Stock Units have been granted repeatedly in the past;
(c)    all decisions with respect to future Restricted Stock Units, if any, will
be at the sole discretion of the Company;
(d)    the Grantee’s participation in the Plan will not create a right to
further employment with the Grantee’s employer (the “Employer”) and shall not
interfere with the ability of the Employer to terminate the Grantee’s employment
relationship;
(e)    the Grantee is voluntarily participating in the Plan;
(f)    the Restricted Stock Units are an extraordinary item that does not
constitute compensation of any kind for services of any kind rendered to the
Company or the Employer, and which is outside the scope of the Grantee’s
employment contract, if any;
(g)    the Restricted Stock Units are not part of normal or expected
compensation or salary for any purposes, including, but not limited to,
calculating any severance, resignation, termination, redundancy, end of service
payments, bonuses, long-service awards, pension or retirement benefits or
similar payments and in no event should be considered as compensation for, or
relating in any way to, past services for the Company or the Employer;
(h)    in the event that the Grantee is not an employee of the Company, the
grant of Restricted Stock Units will not be interpreted to form an employment
contract or relationship with the Company; and furthermore, the grant of
Restricted Stock Units will not be interpreted to form an employment contract
with the Employer or any subsidiary or affiliate of the Company;

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(i)    the future value of the underlying Shares is unknown and cannot be
predicted with certainty;
(j)    if the Grantee vests in the Restricted Stock Units and obtains Shares,
the value of those Shares may increase or decrease in value;
(k)    in consideration of the grant of the Restricted Stock Units, no claim or
entitlement to compensation or damages shall arise from termination of the
Restricted Stock Units or diminution in value of the Restricted Stock Units or
Shares acquired resulting from termination of the Grantee’s employment by the
Company or the Employer; and
(l)    in the event of termination of the Grantee’s employment, Grantee’s right
to receive the Restricted Stock Units and vest in the Restricted Stock Units
under the Plan, if any, will terminate effective as of the date that the Grantee
is no longer actively providing services to the Company or any subsidiary
(regardless of the reason for such termination and whether or not later to be
found invalid or in breach of employment laws in the jurisdiction where the
Grantee is employed or the terms of the Grantee’s employment or service
agreement, if any), and unless otherwise expressly provided in this Agreement or
determined by the Committee, the Grantee’s right to vest in the Restricted Stock
Units under the Plan, if any, will terminate as of such date and will not be
extended by any notice period (e.g., the Grantee’s period of service would not
include any contractual notice period or any period of “garden leave” or similar
period mandated under employment laws in the jurisdiction where the Grantee is
employed or the terms of the Grantee’s employment or service agreement, if any,
unless the Grantee is providing bona fide services during such time); the
Committee shall have the exclusive discretion to determine when the Grantee is
no longer actively providing services for purposes of the Restricted Stock Units
grant (including whether the Grantee may still be considered to be providing
services while on a leave of absence).

Country-Specific Language
Below please find country-specific language that applies to you if you are a
citizen or resident of one of the following countries: Belgium, Canada, China.
France, Germany, Greece, India, Ireland, Italy, Japan, Poland, Singapore, South
Korea, Spain, Sweden, Switzerland, Taiwan and United Kingdom.

BELGIUM

Notifications

Tax Reporting Information. Grantees are required to report any bank accounts
opened and maintained outside Belgium on their annual tax return.

CANADA

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Terms and Conditions

Restricted Stock Units Settled in Shares Only. Notwithstanding anything to the
contrary in the Plan and/or the Agreement, you understand that any Restricted
Stock Units granted to you shall be paid in shares only and do not provide any
right for you to receive a cash payment.

The following provision will apply to residents of Quebec:

Language Consent. The parties to the Agreement have expressly required that the
Agreement and all documents and notices relating to the Agreement be drafted in
English.

Les parties aux présentes ont expressément exigé que la présente convention et
tous les documents et avis qui y sont afférents soient rédigés en anglais.

Notifications

Additional Restrictions on Resale. In addition to the restrictions on resale and
transfer noted in Plan materials, securities purchased under the Plan may be
subject to certain restrictions on resale imposed by Canadian provincial
securities laws. Grantees are encouraged to seek legal advice prior to any
resale of such securities. In general, Grantees resident in Canada may resell
their securities in transactions carried out on exchanges outside of Canada.
Tax Reporting. The Tax Act and the regulations thereunder require a Canadian
resident individual (among others) to file an information return disclosing
prescribed information where, at any time in a tax year, the total cost amount
of such individual’s “specified foreign property” (which includes shares)
exceeds Cdn.$100,000. Grantees should consult their own tax advisor regarding
this reporting requirement.

CHINA

Due to Chinese legal requirements, Shares of ANSYS, Inc. acquired under any
company equity plans must be maintained in the designated brokerage account
until the Shares are sold through the designated brokerage account with the net
sales proceeds being paid to you through your current or most recent PRC
employer.  As a condition of the grant of RSUs, to the extent that you hold any
Shares on the date that is six (6) months after the date of your termination of
active employment with ANSYS and its subsidiaries and affiliates, you authorize
E*Trade Financial Corporate Services, Inc. (or any successor broker designated
by ANSYS) to sell such Shares on your behalf at that time or as soon as is
administratively practical thereafter.

Under local law, Grantee is required to repatriate to China the proceeds from
your participation in any company equity Plans, including proceeds from the sale
of Shares acquired through RSU lapses and any dividends or dividend equivalents
paid to you through a special exchange control account established by ANSYS or
one of its subsidiaries or affiliates in China.  You hereby agree that any
proceeds from your participation in the Plan may be transferred to such special
account prior to being delivered to you through your current or most recent PRC
employer.  Further, if the proceeds from your participation in the Plan are
converted to local currency, you acknowledge that the Company (including its
subsidiaries and affiliates) are

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under no obligation to secure any currency conversion rate, and may face delays
in converting the proceeds to local currency due to exchange control
restrictions in China.  You agree to bear the risk of any currency conversion
rate fluctuation between the date that your proceeds are delivered to the
special exchange control account and the date of conversion of the proceeds to
local currency.  

ANSYS reserves the right to impose such further restrictions or conditions as
may be necessary to comply with changes in applicable local laws in China.

Please note that the above provisions will apply to all RSUs granted to you
under a company equity plan.  

If you are not a PRC national, the above provision will apply to you to the
extent approved by SAFE or its local branch office in accordance with local
laws.

FRANCE

Terms and Conditions

French Sub-Plan. The Restricted Stock Units are intended to qualify for the
special tax and social security treatment in France applicable to shares granted
for no consideration under Sections L. 225-197-1 to L. 225-197-6 of the French
Commercial Code, as amended, and are subject to the provisions below and the
Rules of the Fifth Amended and Restated ANSYS, Inc. 1996 Stock Option and Grant
Plan for Restricted Stock Units Granted to French Grantees (the “French
Sub-Plan”), which has been provided to the Grantee and is incorporated herein.
The Company does not undertake to maintain the qualified status of the
Restricted Stock Units and the Grantee will not be entitled to damages of any
nature whatsoever if the Restricted Stock Units become disqualified. Capitalized
terms not defined herein will have the same meanings as set forth in the French
Sub-Plan and the Agreement.

Consent to Receive Information in English. By accepting the Restricted Stock
Units, the Grantee confirms having read and understood the Agreement and the
Plan, including all terms and conditions included therein, which were provided
in the English language. The Grantee accepts the terms of those documents
accordingly.

Consentement relatif à la réception d'informations en langue anglaise. En
acceptant les droits sur des actions assujetties à des restrictions, le Grantee
confirme avoir lu et compris le Contrat et le Plan, y compris tous leurs termes
et conditions, qui ont été transmis en langue anglaise. Le Grantee accepte les
dispositions de ces documents en connaissance de cause.

Vesting of Restricted Stock Units. This provision supplements Section 2 of the
Agreement:

Notwithstanding the vesting schedule set forth in Section 2 of the Agreement,
the Restricted Stock Units will not vest and the underlying shares of Stock will
not be delivered to the Grantee prior to the expiration of any specific period
calculated from the Grant Date as may be required to comply with the minimum
mandatory vesting period applicable to French-Qualified RSUs under Section L.
225-197-1 of the French Commercial Code, as amended, or under the relevant
sections of the French Tax Code or the French Social Security Code,

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as amended, to benefit from the special tax and social security treatment in
France. The applicable minimum mandatory vesting period currently is one year
from the Grant Date.

Termination Due to Death. This provision supplements Section 2 of the Agreement:
Notwithstanding anything to the contrary in Section 2 of the Agreement or in the
Plan, in the case of the Grantee’s death, the shares of Stock subject to
unvested Restricted Stock Units will vest only if the Grantee’s heir or heirs
request the delivery of the share of Stock subject to the Restricted Stock Units
within a period of six months following the Grantee’s death. If a timely request
is made, the Restricted Stock Units will be settled in shares of Stock as soon
as practicable following the request. If no such request is made within six
months following the Grantee’s death, the Restricted Stock Units will be
forfeited.

Mandatory Holding Period. Notwithstanding anything to the contrary in the
Agreement or in the Plan, any shares of Stock issued to the Grantee upon
settlement of the Restricted Stock Units must be held (and cannot be sold or
transferred) until the expiration of a period which currently shall not be less
than two years from the Grant Date, or such other period as is required to
comply with the minimum mandatory holding period applicable to French-Qualified
Restricted Stock Units under Section L. 225-197-1 of the French Commercial Code,
as amended, or under the relevant sections of the French Tax Code or the French
Social Security Code, as amended, to benefit from the special tax and social
security treatment in France; provided, however, that this mandatory holding
period will not apply in the event the Grantee dies or terminates his or her
employment due to Disability (as defined in the French Sub-Plan). In order to
enforce this provision, the Company may, in its discretion, issue appropriate
“stop transfer” instructions to its transfer agent or hold the shares of Stock
until the expiration of the mandatory holding period set forth above. Such
shares of Stock may be held by the Company, a transfer agent designated by the
Company or with a broker designated by the Company.
Closed Periods. Notwithstanding the mandatory holding period and even after such
holding period has expired, any shares of Stock acquired upon vesting of the
Restricted Stock Units may not be sold during certain Closed Periods as provided
for and defined by Section L. 225-197-1 of the French Commercial Code, as
amended, and by the French Sub-Plan, for so long as and to the extent that the
Closed Periods are applicable to the shares of Stock underlying French-Qualified
Restricted Stock Units granted by the Company.

Notifications

Foreign Asset/Account Reporting Information. French residents are required to
report all foreign accounts (whether open, current or closed) to the French tax
authorities when filing their annual tax returns. The Grantee should consult his
or her personal advisor to ensure compliance with applicable reporting
obligations.

GERMANY

Notifications

Exchange Control Information. Cross-border payments in excess of €12,500 must be
reported monthly to the German Federal Bank. If a Grantee uses a German bank to
transfer a cross-border payment in excess of

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€12,500 in connection with the sale of Shares acquired under the Plan, the bank
will file the report for the Grantee.

INDIA

Terms and Conditions

Repatriation of Proceeds. You understand that you must repatriate any proceeds
from the sale of Shares acquired upon vesting of the Restricted Stock Units to
India and convert the proceeds into local currency within 90 days of receipt.
You will receive a foreign inward remittance certificate (“FIRC”) from the bank
where you deposit the foreign currency. You should maintain the FIRC as evidence
of the repatriation of funds in the event the Reserve Bank of India or your
employer requests proof of repatriation.

Notifications

Tax Information. The amount subject to tax at vesting may partially be dependent
upon a valuation of Shares from a Merchant Banker in India. The Company has no
responsibility or obligation to obtain the most favorable valuation possible nor
obtain valuations more frequently than required under Indian tax law.

IRELAND

Notifications

Director Notification Requirement.  If you are a director or a shadow director
or secretary of an Irish affiliate of Ansys, pursuant to Section 53 of the Irish
Company Act of 1990, and you own more than a 1% interest in Ansys, you must
notify the Irish affiliate of Ansys in writing within five business days of
receiving or disposing of an interest in Ansys (e.g., stock options, RSUs,
shares, etc.) or within five business days of the event giving rise to the
notification requirement, or within five days of becoming a director, shadow
director or secretary if such an interest exists at that time.  This
notification requirement also applies with respect to the interests of a spouse
or minor child, whose interests will be attributed to the director, shadow
director or secretary.

ITALY

Notifications

Exchange Control Information. By September 30th of each year, the Grantees are
required to report on their annual tax return (Form RW) any foreign investments
(including proceeds from the sale of Shares acquired upon vesting) held outside
of Italy if the investment may give rise to income in Italy. However, deposits
and bank accounts held outside of Italy only need to be disclosed if the value
of the assets exceeds €10,000 during any part of the tax year.

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With respect to Shares received upon vesting of the Restricted Stock Units, the
Grantees must report (i) the value of the Shares at the beginning of the year or
on the day the Grantee acquired the Shares, whichever is later; and (ii) the
value of the Shares when sold, or if the Grantee still owns the Shares at the
end of the year, the value of the Shares at the end of the year. The value to be
reported is the fair market value of the Shares on the applicable dates
mentioned above.

JAPAN

Notifications

Exchange Control Information. If you acquire Shares valued at more than
¥100,000,000 in a single transaction, you must file a Securities Acquisition
Report with the Ministry of Finance through the Bank of Japan within 20 days of
the acquisition of the Shares.

POLAND

Notifications

Exchange Control Information. While you are responsible for any exchange control
filings, no advance foreign exchange permit is required for the acquisition,
holding or disposal of Shares. However, if the value of your Shares exceeds the
equivalent of PLN 7,000,000, you will have to notify the National Bank of Poland
of such holdings on a quarterly basis. If such reporting obligation applies to
you and your shareholding exceeds 10% of the Company’s total voting stock, you
will also be required to notify the National Bank of Poland by the end of May of
each subsequent year.

Exchange Control Information. If a Polish resident transfers funds in excess of
€15,000 into Poland, the funds must be transferred via a Polish bank account or
financial institution. Polish residents are required to retain the documents
connected with a foreign exchange transaction for a period of five years, as
measured from the end of the year in which such transaction occurred.

SINGAPORE

Notifications

Director Notification Requirement - If you are a director, associate director or
shadow director of a Singapore affiliate of the Company, you are subject to
certain notification requirements under the Singapore Companies Act.  Among
these requirements is an obligation to notify the Singaporean affiliate in
writing when you receive an interest in shares (e.g., RSUs or Shares) in the
Company or any related companies.  In addition, you must notify the Singapore
affiliate when you sell Shares or any related company (including when you sell
Shares acquired through vesting of your RSU or pursuant to any other Award
granted under the Plan).  These notifications must be made within two business
days of acquiring or disposing of any interest in shares of the Company or any
related company.  In addition, a notification must be made of your interests in
shares of the Company or any related company within two business days of
becoming a director.

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Securities Law Information - The grant of the Awards is being made pursuant to
the “Qualifying Person” exemption” under section 273(1)(f) of the Securities and
Futures Act (Chapter 289, 2006 Ed.) (“SFA”).  As a result, the grant is exempt
from the prospectus and registration requirements under Singaporean law and is
not made with a view to the underlying Shares being subsequently offered for
sale to any other party. The Plan has not been, and will not be, lodged or
registered as a prospectus with the Monetary Authority of Singapore.

SOUTH KOREA

Notifications

Exchange Control Information. If you receive US$500,000 or more from the sale of
underlying Shares, Korean exchange control laws require you to repatriate the
proceeds to South Korea within 18 months of sale.

SPAIN

Notifications

Exchange Control Information. All acquisitions of foreign shares by Spanish
residents must comply with exchange control regulations in Spain. Because of
foreign investment requirements, the acquisition of Shares upon vesting of the
Restricted Stock Units must be declared for statistical purposes to the Spanish
Direccion General de Politica Comercial y de Inversiones Extranjeras (the
“DGPCIE”). If you acquire Shares through the use of a Spanish financial
institution, that institution will automatically make the declaration to the
DGPCIE for you. Otherwise, you must make the declaration by filing a form with
the DGPCIE.

If you import the Shares acquired upon vesting of the Restricted Stock Units
into Spain, you must declare the importation of the share certificates to the
DGPCIE.

In addition, you must also file a declaration of the ownership of the Shares
with the Directorate of Foreign Transactions each January while the shares are
owned. These filings are made on standard forms furnished by the Directorate of
Foreign Transactions.

When you receive any foreign currency payments (i.e., as a result of the sale of
the Shares), you must inform the institution receiving the payment of the basis
upon which such payment is made and provide certain specific information (e.g.,
name, address, and fiscal identification number; the name and corporate domicile
of the company; the amount of the payment; the type of foreign currency
received; the country of origin; and the reason for the payment).

Tax Reporting. If you hold assets (e.g., cash or shares in a bank or brokerage
account) or rights outside Spain that exceed €50,000 per type of asset, you must
file a Form 720 with the Spanish Tax Authorities by April 30th of each year.

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SWITZERLAND

Notifications

Securities Law Information. The offer of the Restricted Stock Units is
considered a private offering in Switzerland and is not subject to registration
in Switzerland.

TAIWAN

Notifications

Exchange Control Information. Taiwan’s foreign exchange control regulations may
have an impact on the grant and vesting of the Restricted Stock Units as well as
the repatriation of capital gains realized from the holding or sale of the
underlying Shares. Under current foreign exchange regulations, a Taiwanese
resident can remit up to US $5 million (or an equivalent amount of other foreign
currencies) per year into or out of Taiwan without prior approval from the
Taiwan Central Bank.

If the transaction amount is TWD500,000 or more in a single transaction, you
must submit a Foreign Exchange Transaction Form. If the transaction amount is
US$500,000 or more in a single transaction, you must also provide supporting
documentation to the satisfaction of the remitting bank.

UNITED KINGDOM

Terms and Conditions

Purpose. This section is to modify those provisions of the Plan in order for
awards made under the Plan, and communications concerning those awards, to be
exempt from provisions of the United Kingdom Financial Services and Markets Act
2000 (the "FSMA").
Application. These provisions shall be used solely to grant awards to employees
of the Company or any member of the same group as the Company resident and
providing services in the United Kingdom. (The term "group" in relation to the
Company shall bear the meaning given to such term in section 421 of the FSMA.)
Restricted Delivery of Awards. Payments of benefits under these provisions shall
be made only in Shares or such other securities of the Company that may arise
from such Shares under the adjustment provisions of the Plan. For the avoidance
of doubt, and without limitation, no cash settlement of awards (including
dividends or dividend equivalent payments in cash) shall be permissible.
Exercise of Restricted Stock Units/Vesting of Awards. The Administrator may
specify, in its discretion, any other conditions of exercise and/or vesting of
awards that will be specified in the award agreement.

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Restricted Transfer of Rights. The persons to whom rights under awards may be
assigned or transferred, whether by will or the laws of descent and distribution
or any transferability of awards shall be limited to a Grantee's children and
step-children under the age of eighteen, spouses and surviving spouses and civil
partners and civil partners (within the meaning of the United Kingdom Civil
Partnerships Act 2004) and surviving partners.
Tax. All awards will be subject to tax withholding and all references to "tax"
shall be read and construed as including, without limitation, United Kingdom
income tax and primary class 1 (employee's) national insurance contributions
that the Grantee's employer is liable to account for and, if so agreed between
the Company and the Grantee, secondary class 1 (employer's) national insurance
contributions that the Grantee's employer is liable to account for.

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