Exhibit 10.01

ORACLE CORPORATION

EMPLOYEE STOCK PURCHASE PLAN (1992)

As adopted August 24, 1992 and amended to date (February 8, 2005)

 

1. PURPOSE

 

This Employee Stock Purchase Plan (the “Plan”) is established to provide
employees of Oracle Corporation, a Delaware corporation (“Oracle”), and
Participating Subsidiaries and Participating Affiliates, as hereinafter defined
(together, the “Company”), with an opportunity to purchase Common Stock, $0.01
par value, of Oracle through accumulated payroll deductions. It is the intention
of Oracle to have the Plan qualify as an “Employee Stock Purchase Plan” under
Section 423 of the Internal Revenue Code of 1986, as amended (the “Code”). The
provisions of the Plan shall, accordingly, be construed so as to extend and
limit participation in a manner consistent with the requirements of that section
of the Code. In addition, this Plan document authorizes the grant of options
under a non-423 plan which do not qualify under Section 423 of the Code pursuant
to rules, procedures or sub-plans adopted by the Company designed to achieve
desired tax or other objectives in particular locations outside the United
States. The term “Plan” used herein applies to both the Section 423 plan and the
non-423 plan.

 

2. DEFINITIONS

 

  (a) “Affiliate” means (i) any Subsidiary and (ii) any other entity in which
the Company has an equity interest.

 

  (b) “Board” means the Board of Directors of Oracle or committees appointed by
such Board.

 

  (c) “Code” means the Internal Revenue Code of 1986, as amended.

 

  (d) “Common Stock” means the Common Stock, $0.01 par value, of Oracle.

 

  (e) “Company” means, together, Oracle, Participating Subsidiaries and
Participating Affiliates.

 

  (f) “Compensation” means all base salary, wages, commissions, overtime, shift
premiums and bonuses, plus draws against commissions.

 

  (g) “Current Offering Period” has the meaning set forth in Section 6 hereof.

 

  (h)

“Employee” means any person, including an officer, who is customarily employed
for more than twenty (20) hours per week and more than five (5) months in a
calendar year by the Company. In the case of individuals who perform services
for the Company in jurisdictions in which local law

 

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prohibits the Company from discriminating in its granting of benefits on the
basis of number of hours worked, the determination of who is an employee shall
be made without regard to the number of hours worked.

 

  (i) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

  (j) “Exercise Date” means the last day of each Offering Period of the Plan.

 

  (k) “New Exercise Date” has the meaning set forth in Section 18 hereof.

 

  (l) “1987 Plan” means Oracle’s Employee Stock Purchase Plan (1987), as
amended.

 

  (m) “Offering Date” means the first day of each Offering Period of the Plan.

 

  (n) “Offering Period” has the meaning set forth in Section 4 hereof.

 

  (o) “Oracle” means Oracle Corporation, a Delaware corporation.

 

  (p) “Participating Affiliate” means any Affiliate designated by Oracle as
participating in the Plan for purposes of the grant of options that do not
qualify under Section 423 of the Code pursuant to rules, procedures or sub-plans
adopted by the Board designed to achieve desired tax or other objectives in
particular locations outside the United States.

 

  (q) “Participating Subsidiaries” means any Subsidiary which has not been
excluded by the Board in its sole discretion as eligible to participate in the
Plan.

 

  (r) “Plan” means this Employee Stock Purchase Plan.

 

  (s) “Reserves” has the meaning set forth in Section 18 hereof.

 

  (t) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, or any
successor provision.

 

  (u) “Section 16(b)” means Section 16(b) of the Exchange Act, or any successor
provision.

 

  (v) “Subsidiary” means any corporation (other than Oracle) in an unbroken
chain of corporations beginning with Oracle if, at the time of granting options
under the Plan, each of the corporations (other than the last corporation) in
the unbroken chain owns stock possessing 50% or more of the total combined
voting power of all classes of stock in one of the other corporations in such
chain.

 

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3. ELIGIBILITY

 

(a) Any Employee who shall be employed by the Company on the date his or her
participation in the Plan is effective shall be eligible to participate in the
Plan, subject to limitations imposed by Section 423(b) of the Code, without
regard to paragraph (4) of that section.

 

(b) Any provisions of the Plan to the contrary notwithstanding, no Employee
shall be granted an option under the Plan (i) if, immediately after the grant,
such Employee (or any other person whose stock would be attributed to such
Employee pursuant to Section 424(d) of the Code) would own stock and/or hold
outstanding options to purchase stock possessing five percent (5%) or more of
the total combined voting power or value of all classes of stock of Oracle or of
any Subsidiary of Oracle, or (ii) which permits his or her rights to purchase
stock under all employee stock purchase plans of Oracle and its Subsidiaries to
accrue at a rate which exceeds Twenty-Five Thousand Dollars ($25,000) of fair
market value of such stock (determined at the time such option is granted) for
each calendar year in which such option is outstanding at any time.

 

4. OFFERING PERIODS

 

The Plan shall be implemented by two offerings during each year of the Plan,
commencing on or about October 1 and April 1 of each year, or as otherwise
determined by the Board, and continuing thereafter for a period of six
(6) months (each, an “Offering Period”). The first Offering Period under the
Plan shall commence on October 1, 1992. The Board shall have the power to change
the duration of Offering Periods (both before and after any such Offering Period
has commenced) with respect to future offerings without stockholder approval. In
no event, however, will any such Offering Period be longer than twenty-seven
(27) months.

 

5. PARTICIPATION

 

(a) An eligible Employee may become a participant in the Plan by completing a
subscription agreement authorizing payroll deductions on the form provided by
the Company (or by following an electronic or other enrollment process as
prescribed by the Board) and filing it no later than the first day of an
applicable Offering Period (or such earlier time as may be set by the Company’s
employee stock services department for administrative purposes) with (i) the
Company’s employee stock services department for eligible Employees employed by
Oracle or (ii) the officer of the applicable Participating Subsidiary or
Participating Affiliate responsible for administering the Plan on Oracle’s
behalf for eligible Employees employed by any such Participating Subsidiary or
Participating Affiliate. Subscription agreements filed by the participants under
the 1987 Plan may be used to satisfy the subscription agreement requirements of
the Plan. Once an Employee becomes a participant in the Plan, such Employee will
automatically participate in successive Offering Periods until such time as such
Employee withdraws from the Plan, and is not required to file any additional
subscription amendments for subsequent Offering Periods to continue
participation in the Plan.

 

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(b) Payroll deductions for a participant shall commence on the first payday
following the Offering Date and shall end on the last payday before the Exercise
Date of the Offering Period to which such authorization is applicable, unless
sooner terminated by the participant as provided in Section 10 or unless payroll
deductions are determined by the Board to not be feasible in countries outside
the United States.

 

6. PAYROLL DEDUCTIONS

 

(a) At the time a participant files his or her subscription agreement, he or she
shall elect to have payroll deductions made on each payday during the Offering
Period in an amount not exceeding ten percent (10%) (or such greater percentage,
as specified by the Board) of the Compensation which he or she receives on each
payday during the Offering Period. If the Board determines that payroll
deductions are not feasible in a particular country outside the United States,
the Board may permit an eligible Employee to participate in the Plan by an
alternative means, such as by check; however, the rate of contributions may not
exceed any whole number percentage of the Employee’s Compensation up to ten
percent (10%) or such greater percentage, as specified by the Board, to apply to
an Offering Period.

 

(b) All payroll deductions may be held by Company and commingled with its other
corporate funds (unless otherwise required by local law). No interest shall be
paid or credited to the participant with respect to such payroll deductions
except where required by local law as determined by the Board.

 

(c) All payroll deductions made by a participant shall be credited to his or her
account under the Plan. A participant may not make any additional payments into
such account, except as authorized by the Board in countries where payroll
deductions are determined by the Board to not be feasible.

 

(d) Unless otherwise specified by the Board, payroll deductions made with
respect to Employees paid in currencies other than U.S. dollars shall be
accumulated in local (non-U.S.) currency and converted to U.S. dollars as of the
Exercise Date.

 

(e) A participant may discontinue his or her participation in the Plan as
provided in Section 10, or may increase or decrease the rate of his or her
payroll deductions during the Offering Period by completing and filing with the
Company a new authorization for payroll deduction; provided that the Board may
limit the number of times during any Offering Period that a participant may so
increase or decrease such participant’s deductions. The change in rate shall be
effective on the later of (i) fifteen (15) days or (ii) the first payday after
the Company’s receipt of the new authorization.

 

(f) Notwithstanding the foregoing, an Employee’s payroll deductions shall be
decreased during any Offering Period to the extent necessary to comply with
Section 423(b)(8) of the Code. Any other provision of the Plan notwithstanding,
no participant

 

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shall purchase shares of Common Stock with a fair market value (measured as of
the applicable Offering Date) in excess of the following limits:

 

(i) in the case of shares of Common Stock purchased during an Offering Period
that commenced in the current calendar year (i.e., April 1), the limit shall be
equal to (A) $25,000 minus (B) the fair market value of the shares of Common
Stock attributed to any other purchases by the participant in the current
calendar year (under this Plan and all other employee stock purchase plans of
the Company any parent or Subsidiary of the Company), as determined according to
the rules set forth in Treasury Reg. §1.423-2(i)(3); and

 

(ii) in the case of shares of Common Stock purchased during an Offering Period
that commenced in the immediately preceding calendar year (i.e., October 1), the
limit shall be equal to (A) $50,000 minus (B) the fair market value of the
shares of Common Stock attributed to any other purchases by the participant
(under this Plan and all other employee stock purchase plans of the Company or
any parent or Subsidiary of the Company) in the current calendar year and in the
immediately preceding calendar year, as determined according to the rules set
forth in Treasury Reg. §1.423-2(i)(3).

 

(g) Such limitations set forth in Section 6(f) may be adjusted by the Board in
its discretion to the extent necessary to comply with Section 423 of the Code.

 

(h) In the event payroll deductions are decreased pursuant to Section 6(f)
hereof, payroll deductions shall recommence at the rate provided in such
participant’s subscription agreement at the beginning of the first Offering
Period which is scheduled to end in the following calendar year, unless
terminated by the participant as provided in Section 10. At any time, the
Company may withhold from the participant’s Compensation the amount necessary
for the Company to meet applicable withholding obligations, including any
withholding required to make available to the Company any tax deductions or
benefit attributable to sale or early disposition of Common Stock by the
Employee.

 

7. GRANT OF OPTION

 

(a) On the Offering Date of each Offering Period, each eligible Employee
participating in the Plan shall be granted an option to purchase (at the per
share option price) up to a number of shares of Common Stock determined by
dividing such Employee’s payroll deductions or contributions to be accumulated
during such Offering Period by ninety-five percent (95%) of the fair market
value of a share of Common Stock on the Exercise Date, provided that the number
of shares subject to the option will be limited to 200% of the number of shares
determined by dividing the amount accumulated in the employees’ payroll
deductions/contribution account by 95% of the fair market value of a share of
Common Stock on the Offering Date, subject to the limitations set forth in
Sections 3(b) and 11 hereof. The fair market value of a share of Common Stock
shall be determined as provided in Section 7(b) hereof.

 

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(b) The option price per share of the shares offered in a given Offering Period
shall be 95% of the fair market value of a share of the Common Stock on the
Exercise Date. The fair market value of Common Stock on a given date shall be
the closing price from the previous day’s trading on the Nasdaq National Market.

 

8. EXERCISE OPTION

 

Unless a participant withdraws from the Plan as provided in Section 10, his or
her option for the purchase of shares will be exercised automatically on the
Exercise Date of the Offering Period and the maximum number of full shares
subject to option will be purchased for him or her at the applicable option
price with the accumulated payroll deductions or contributions in his or her
account. During his or her lifetime, a participant’s option to purchase shares
hereunder is exercisable only by him or her.

 

9. DELIVERY

 

As promptly as practicable after the Exercise Date of each Offering Period, the
Company shall arrange for the electronic delivery to each participant, as
appropriate, of the shares purchased upon exercise of his or her option.
Beginning with the Offering Period that begins April 1, 1999 and ends
September 30, 1999, any cash remaining to the credit of a participant’s account
under the Plan or under the 1987 Plan after a purchase by him or her of shares
at the termination of each Offering Period under the Plan or under the 1987 Plan
which is insufficient to purchase a full share of Common Stock, will be
refunded, without interest, to him or her as soon as practicable. In the event
that insufficient shares of Common Stock are available under the Plan for
delivery to all participants in an Offering Period for shares of Common Stock
representing a full allocation of all payroll deductions or contributions for
such Offering Period, the Board, in its discretion, may authorize either (i) the
delivery of shares of Common Stock representing a pro rata allocation of the
shares remaining available for distribution and the return of cash remaining in
each participant’s payroll deduction account in accordance with Section 11, or
(ii) an increase in the number of shares that may be issued under the Plan
subject to stockholder approval, and, in such event, the option price applicable
to such shares shall be for purposes of Section 7(b) the option price for such
Offering Period, and the Company shall deliver to participants such shares as
set forth in Sections 7, 8, and 9, after approval of the stockholders of Oracle
has been obtained in accordance with Section 21. If the stockholders of Oracle
vote against any such proposed increase, Oracle shall make a pro rata allocation
of the shares available for distribution and return cash remaining in each
participant’s payroll deduction or contribution account, without interest unless
required by local law as determined by the Board. The Board also may return cash
remaining in each participant’s payroll deduction or contribution account if a
purchase of shares will not occur because the Board determines such purchase is
not feasible or that the conditions for the issuance of shares have not been
met.

 

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10. WITHDRAWAL: TERMINATION OF EMPLOYMENT

 

(a) A participant may withdraw all but not less than all the payroll deductions
credited to his or her account under the Plan at any time prior to the Exercise
Date of the Offering Period by returning to the Company an enrollment form
indicating such withdrawal prior to the fifteenth (15th) day of the last month
of the Offering Period. If such form is received by the Company before such
date, all of the participant’s payroll deductions credited to his or her account
will be refunded, without interest (except where required by local law as
determined by the Board), to him or her as soon as practicable, his or her
option for the Current Offering Period will be automatically terminated, and no
further payroll deductions for the purchase of shares will be made during the
Offering Period. If such form is received by the Company after such date, the
participant’s payroll deductions credited to his or her account will be used to
purchase stock on the next Exercise Date and his or her participation will end
at the beginning of the next Offering Period.

 

(b) In the event that a participant’s employment terminates for any reason
(including death, disability, or retirement), or if a participant becomes
ineligible to participate in the Plan, in either case, on or prior to the
fifteenth (15th) day of the last month of an Offering Period, the payroll
deductions credited to his or her account will be returned promptly and without
interest (except where required by local law as determined by the Board) to him
or her or, in the case of his or her death, to the executor or administrator of
the estate of the participant, and his or her option automatically will be
terminated. In the event that a participant’s employment terminates for any
reason or a participant becomes ineligible to participate in the Plan after such
date, the participant’s payroll deductions credited to his or her account will
be used to purchase stock on the Exercise Date for that Offering Period and his
or her participation will end at the beginning of the next Offering Period.

 

(c) In the event an Employee fails to remain an Employee during the entire
Offering Period, he or she will be deemed to have elected to withdraw from the
Plan and the payroll deductions credited to his or her account will be returned
to him or her promptly and without interest (except where required by local law
as determined by the Board) and his or her option terminated.

 

(d) In the event that an Employee takes an unpaid leave of absence, his or her
payroll deductions shall automatically cease (and no additional contributions to
the Plan may be made unless participation is required by local law while on
unpaid leave); any amounts remaining in his or her payroll deduction account
shall be used to purchase stock on the next Exercise Date. Paid leaves of
absence shall have no effect an Employee’s participation in the Plan.

 

(e) A participant’s withdrawal from an offering will not have any effect upon
his or her eligibility to participate in a succeeding Offering Period, or in any
similar plan period, which may hereafter be adopted by the Company.

 

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(f) The Board may specify a date prior to each Exercise Date, which date will be
no more than thirty (30) days prior to such Exercise Date, after which a
participant may not withdraw for any reason.

 

11. STOCK

 

(a) The maximum number of shares of Common Stock which shall be made available
for sale under the Plan shall be 405,000,000 shares (plus any shares available
under the 1987 Plan as of September 30, 1992) subject to adjustment upon changes
in capitalization of Oracle as provided in Section 18. If the total number of
shares which would otherwise be subject to options granted pursuant to
Section 7(a) hereof on the Offering Date of an Offering Period exceeds the
number of shares then available under the Plan (after deduction of all shares
for which options have been exercised or are then outstanding), Oracle shall
make a pro rata allocation of the shares remaining available for option grant,
unless before or after such Offering Date the Board authorizes an increase in
the number of shares that may be issued under the Plan for such Offering Period
pursuant to Section 9. In the event of a pro rata allocation of shares, the
Company shall give written notice of such reduction of the number of shares
subject to the option to each Employee affected thereby and, at the discretion
of the Board, shall terminate or reduce payroll deductions before the Exercise
Date if the Board has determined that insufficient shares are available for a
full allocation. Any cash remaining in a participant’s payroll
deduction/contribution account due to an insufficient number of shares remaining
in the Plan for distribution to all participating Employees shall be returned to
him or her as soon as administratively feasible.

 

(b) The participant will have no interest or voting right in shares covered by
his or her option until such option has been exercised.

 

(c) Shares to be delivered to a participant under the Plan will be registered in
the name of the participant.

 

12. ADMINISTRATION

 

(a) The Plan shall be administered by the Board or a committee appointed by the
Board. The Board or its committee shall have full and exclusive discretionary
authority to construe, interpret and apply the terms of the Plan, to determine
eligibility and to adjudicate all disputed claims filed under the Plan. The
Board’s discretionary authority under the Plan shall include, without
limitation, the authority to change the Offering Periods, limit the frequency
and/or number of changes in the amount withheld during Offering Periods,
establish the exchange ratio applicable to amounts withheld in a currency other
than United States dollars, permit payroll withholding in excess of the amount
designated by a participant in order to adjust for delays or mistakes in the
Company’s processing of properly completed withholding elections, establish
reasonable waiting and adjustment periods and/or accounting and crediting
procedures to ensure that amounts applied toward the purchase of Common Stock
for each participant properly

 

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correspond with amounts withheld from the participant’s Compensation, and
establish such other limitations or procedures as the Board determines in its
sole discretion advisable. Every finding, decision and determination made by the
Board shall, to the full extent permitted by law, be final and binding upon all
parties. Members of the Board who are eligible Employees are permitted to
participate in the Plan except to the extent limited by Subsection (b) of this
Section 12. All references in this Plan to the Board shall mean the committee(s)
appointed by the Board, if any.

 

(b) Notwithstanding the provisions of Subsection (a) of this Section 12, in the
event that Rule 16b-3 promulgated under the Exchange Act or any successor
provision (“Rule 16b-3”) provides specific requirements for the administrators
of plans of this type, and the Board determines that compliance with such
provisions is reasonable, the Plan (or, if permitted by Rule 16b-3, transactions
in the Plan by persons who are subject to Section 16(b) of the Exchange Act
(“Section 16(b)”)) shall be administered only by such a body and in such a
manner as shall comply with the applicable requirements of Rule 16b-3. Unless
permitted by Rule 16b-3, no discretion concerning decisions regarding the Plan
(or, if permitted by Rule 16b-3, transactions in the Plan by persons who are
subject to Section 16(b)) shall be afforded to any committee or person that is
not “disinterested” as such term is defined in Rule 16b-3.

 

13. TRANSFERABILITY

 

Neither payroll deductions credited to a participant’s account nor any rights
with regard to the exercise of an option or to receive shares under the Plan may
be assigned, transferred, pledged or otherwise disposed of in any way (other
than by will, the laws of descent and distribution) by the participant. Any such
attempt at assignment, transfer, pledge or other disposition shall be without
effect, except that the Company may treat such act as an election to withdraw
funds in accordance with Section 10.

 

14. USE OF FUNDS

 

All payroll deductions received or held by the Company under the Plan may be
used by the Company for any corporate purpose, and the Company shall not be
obligated to segregate such payroll deductions unless required by local law.

 

15. REPORTS

 

Individual accounts will be maintained for each participant in the Plan.
Statements of account will be available at the Plan broker to participating
Employees as soon as practicable following the Exercise Date, which statements
will set forth the amounts of payroll deductions/contributions, the number of
shares purchased, the per share purchase price and the remaining cash balance,
if any.

 

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16. EQUAL RIGHTS AND PRIVILEGES

 

All eligible Employees participation in the Code Section 423 plan shall have
equal rights and privileges with respect to the Plan so that the Plan qualifies
as an “employee stock purchase plan” within the meaning of Section 423 or any
successor provision of the Code and the related regulations. Any provision of
the Plan which, is intended to be part of the Code Section 423 plan and is
inconsistent with Section 423 or any successor provision of the Code shall
without further act or amendment by the Company or the Board be reformed to
comply with the requirements of Section 423. This Section 16 shall take
precedence over all other provisions in the Plan with respect to the Section 423
plan, but shall not prevent the grant of options under a non-423 plan which do
not qualify under Section 423 of the Code pursuant to rules, procedures or
sub-plans adopted by the Board designed to achieve desired tax or other
objectives in particular locations outside the United States as described in
Section 23 herein.

 

17. APPLICABLE LAW

 

The Plan shall be governed by the substantive laws (excluding the conflict of
laws rules) of the State of California.

 

18. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, DISSOLUTION, MERGER OR ASSET
SALE

 

(a) Subject to any required action by the stockholders of Oracle, the number of
shares of Common Stock covered by each option under the Plan which has not yet
been exercised and the number of shares of Common Stock which have been
authorized for issuance under the Plan, but have not yet been placed under
option (collectively, the “Reserves”) as well as the price per share of Common
Stock covered by each option under the Plan which has not yet been exercised,
shall be proportionately adjusted for any increase or decrease in the number of
issued shares of Common Stock resulting from a stock split, reverse stock split,
combination or reclassification of the Common Stock, or the payment of a
dividend payable in shares of Oracle’s capital stock (but only on the Common
Stock) or any other increase or decrease in the number of shares of Common Stock
effected without receipt of consideration by Oracle; provided, however, that
conversion of any convertible securities of Oracle shall not be deemed to have
been “effected without receipt of consideration.” Such adjustment shall be made
by the Board, whose determination in that respect shall be final, binding and
conclusive. Except as expressly provided herein, no issue by Oracle of shares of
stock of any class, or securities convertible into shares of stock of any class,
shall affect, and no adjustment by reason thereof shall be made with respect to,
the number or price of shares of Common Stock subject to an option. The Board
may, if it so determines in the exercise of its sole discretion, make provision
for adjusting the Reserves, as well as the price per share of

 

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Common Stock covered by each outstanding option, in the event Oracle effects one
or more reorganizations, recapitalizations, rights offerings or other increases
or reductions of shares of its outstanding Common Stock.

 

(b) In the event of the proposed dissolution or liquidation of Oracle, the
Offering Period will terminate immediately prior to the consummation of such
proposed dissolution or liquidation, unless otherwise provided by the Board, and
the Company shall return to each participant, to the extent permitted by law,
any amounts without interest (unless required by local law as determined by the
Board) remaining in his or her payroll deduction account.

 

(c) In the event of a proposed sale of all or substantially all of the assets of
Oracle, or the merger of Oracle with or into another corporation, each option
under the Plan shall be assumed or an equivalent option shall be substituted by
such successor corporation or a parent or subsidiary of such successor
corporation, unless the Board determines, in the exercise of its sole discretion
and in lieu of such assumption or substitution to shorten an Offering Period
then in progress by setting a new Exercise Date (the “New Exercise Date”). If
the Board shortens the Offering Period then in progress in lieu of assumption or
substitution in the event of a merger or sale of assets, the Board shall notify
each participant in writing, at least ten (10) days prior to the New Exercise
Date, that the Exercise Date for his or her option has been changed to the New
Exercise Date and that his or her option will be exercised automatically on the
New Exercise Date, unless prior to such date he or she has withdrawn from the
Offering Period as provided in Section 10. For purposes of this Section, an
option granted under the Plan shall be deemed to be assumed if, following the
sale of assets or merger, the option confers the right to purchase, for each
share of Common Stock subject to the option immediately prior to the sale of
assets or merger, the consideration (whether stock, cash or other securities or
property) received in the sale of assets or merger by holders of Common Stock
for each share of Common Stock held on the effective date of the transaction
(and if such holders were offered a choice of consideration, the type of
consideration chosen by the holders of a majority of the outstanding shares of
Common Stock); provided, however, that if such consideration received in the
sale of assets or merger was not solely common stock of the successor
corporation or its parent (as defined in Section 424(e) of the Code), the Board
may, with the consent of the successor corporation, provide for the
consideration to be received upon exercise of the option to be solely common
stock of the successor corporation or its parent equal in fair market value to
the per share consideration received by holders of Common Stock as a result of
the sale of assets or merger.

 

19. AMENDMENT, SUSPENSION OR TERMINATION OF PLAN

 

The Board may at any time and for any reason terminate, suspend or amend the
Plan. Except as provided in Section 18, no such termination can affect options
previously granted, provided that an Offering Period may be terminated by the
Board on any Exercise Date if the Board determines that the termination of the
Plan is in the best interests of the Company and its stockholders. Except as
provided in Section 18, no

 

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amendment may make any change in any option theretofore granted which adversely
affects the rights of any participant without the consent of the participant,
except to the extent as may be necessary to qualify the Plan as an employee
stock purchase plan pursuant to Code Section 423 or to comply with any
applicable law, regulation or rule.

 

20. NOTICES

 

All notices or other communications by a participant to the Company under or in
connection with the Plan shall be deemed to have been duly given when received
in the form specified by the Company at the location, or by the person,
designated by the Company for the receipt thereof.

 

21. STOCKHOLDER APPROVAL

 

The Plan shall become effective upon the earlier to occur of its adoption by the
Board or its approval by the stockholders of Oracle. If stockholder approval of
the Plan is not obtained prior to the Exercise Date for the first Offering
Period under the Plan, all options previously granted under the Plan shall
terminate on the Exercise Date and all amounts accrued in each participant’s
account shall be refunded promptly, without interest, to each participant.
Whenever stockholder approval is sought under the Plan, either for its initial
approval or for a subsequent amendment, it may be obtained in any manner
permitted by applicable corporate law. If stockholder approval is required under
the Code for an amendment to the Plan adopted or proposed to be adopted by the
Board, such stockholder approval shall be obtained in any manner and within the
time periods required by the Code. The Board, in its discretion, also may obtain
stockholder approval for any amendment to the Plan adopted by or proposed to be
adopted by the Board to the extent desirable to maintain compliance with Rule
16b-3.

 

22. CONDITIONS UPON ISSUANCE OF SHARES

 

Shares shall not be issued with respect to an option unless the exercise of such
option and the issuance and delivery of such shares pursuant thereto shall
comply with all applicable provisions of law, domestic or foreign, including,
without limitation, the Securities Act of 1933, as amended, the Exchange Act,
the rules and regulations promulgated thereunder, and the requirements of any
stock exchange upon which the shares may then be listed, and shall be further
subject to the approval of counsel for the Company with respect to such
compliance. As a condition to the exercise of an option, the Company may require
the person exercising such option to represent and warrant at the time of any
such exercise that the shares are being purchased only for investment and
without any present intention to sell or distribute such shares if, in the
opinion of counsel for the Company, such a representation is required by any of
the aforementioned applicable provisions of law.

 

23. RULES FOR FOREIGN JURISDICTIONS

 

(a) Notwithstanding any provision to the contrary in this Plan, the Board may

 

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adopt rules or procedures relating to the operation and administration of the
Plan to accommodate the specific requirements of local laws and procedures.
Without limiting the generality of the foregoing, the Board is specifically
authorized to adopt rules and procedures regarding the definition of
Compensation, handling of payroll deductions, making of contributions to the
Plan in forms other than payroll deductions, establishment of bank or trust
accounts to hold payroll deductions, payment of interest, conversion of local
currency, obligations to pay payroll tax, withholding procedures and delivery of
shares which vary with local requirements.

 

(b) The Board may also adopt rules, procedures or sub-plans applicable to
particular Participating Subsidiaries or Participating Affiliates or locations,
which sub-plans may be designed to be outside the scope of Code Section 423. The
rules of such sub-plans may take precedence over other provisions of this Plan,
with the exception of Sections 11 and 21, but unless otherwise superseded by the
terms of such sub-plan, the provisions of this Plan shall govern the operation
of such sub-plan. To the extent inconsistent with the requirements of Code
Section 423, such sub-plans shall be considered part of the non-423 Plan, and
the options granted thereunder shall not be considered to comply with
Section 423.

 

Exhibit B

 

ORACLE CORPORATION

PARTICIPATING SUBSIDIARIES AND PARTICIPATING AFFILIATES

 

Unless expressly excluded from participation in the Plan by the Compensation
Committee of the Board of Directors, any eligible employee of any Subsidiary
which meets the following requirements is eligible to participate in the Plan:
Any corporation (other than the Company) in an unbroken chain of corporations
beginning with the Company if, at the time of granting options under the Plan,
each of the corporations in the chain (other than the last corporation) owns
stock possessing 50% or more of the total combined voting power of all classes
of stock in one of the other corporations in such chain.

 

The Compensation Committee of the Board of Directors may, from time-to-time,
designate Affiliates whose employees are eligible to participate in the Plan for
purposes of the grant of options that do not qualify under Section 423 of the
Code. Any eligible employee of any Affiliate so designated by the Compensation
Committee of the Board of Directors is eligible to participate in the Plan.

 

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