Form of Change in Control Severance Agreement



 Exhibit 10.21 
 SCHEDULE OF OMITTED MATERIAL DETAILS 
 On December 5, 2011 the
following form of Change in Control Severance Agreement (the “Agreement”) was entered into between Infoblox Inc. and each of the executive officers of the Company listed in the table below. Each Agreement is identical except
for the number of months set forth in Sections 2(a) and 2(b). The number of months contained in those paragraphs of Section 2 of the Agreement are as follows: 
  

									
	 Executive Officer
	  	Section 2(a)	 	  	Section 2(b)	 
	 Robert D. Thomas
	  	 	12 months	  	  	 	12 months	  
	 Remo E. Canessa
	  	 	9 months	  	  	 	9 months	  
	 Mark S. Smith
	  	 	9 months	  	  	 	9 months	  
	 Stuart M. Bailey
	  	 	6 months	  	  	 	6 months	  
	 Sohail M. Parekh
	  	 	6 months	  	  	 	6 months	  
	 Wendell Stephen Nye
	  	 	6 months	  	  	 	6 months	  








 CHANGE IN CONTROL SEVERANCE AGREEMENT 

THIS AGREEMENT is entered into as of                 ,
2011 (the “Effective Date”) by and between [Name] (the “Executive”) and INFOBLOX, INC., a Delaware corporation (the “Company”). 
 1. Term of Agreement. 
 Except to the extent renewed as set forth in this
Section 1, this Agreement shall terminate the earlier of December 31, 2014 (the “Expiration Date”) or the date the Executive’s employment with the Company terminates for a reason other than a Qualifying Termination as
described in Section 4(f); however, if a definitive agreement relating to a Change in Control has been signed by the Company on or before December 31, 2014, then this Agreement shall remain in effect through the earlier of: 

(a) The date the Executive’s employment with the Company terminates for a reason other than a Qualifying Termination as described in
Section 4(f), or 
 (b) The date the Company has met all of its obligations under this Agreement following a termination of
the Executive’s employment with the Company for a reason described in Section 4(f). 
 This Agreement shall renew
automatically and continue in effect for three year periods measured from the initial Expiration Date, unless the Company provides Executive notice of non-renewal at least six months prior to the date on which this Agreement would otherwise expire.

 2. Severance Payment. 
 (a) Severance Benefit. If the Executive is subject to a Qualifying Termination, then the Company shall pay the Executive [NUMBER OF MONTHS] months of his or her annual base salary and target bonus (at the annual rate
in effect immediately prior to the actions that resulted in the Qualifying Termination). Such severance benefit shall be paid in a cash lump-sum, which will be on the 60th day following Executive’s Qualifying Termination (or, if such day is not a business day, on the first business
day thereafter), in accordance with the Company’s standard payroll procedures. 
 (b) Health Care Benefit. If the
Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her
employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the [NUMBER OF MONTHS]-month period 

 







 
following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA. In the sole discretion of the Company, the Company may in lieu
of this benefit pay the Executive a lump sum in the amount of [NUMBER OF MONTHS] COBRA premiums at the rate in effect on Executive’s Qualifying Termination. 
 (c) General Release. Any other provision of this Agreement notwithstanding, Subsections (a) and (b) above shall not apply unless the Executive (i) has executed a general release (in
a form prescribed by the Company) of all known and unknown claims that he or she may then have against the Company or persons affiliated with the Company and (ii) has agreed not to prosecute any legal action or other proceeding based upon any
of such claims. The release must be in the form prescribed by the Company, without alterations. The Company will deliver the form to the Executive within 21 days after the Executive’s Separation. The Executive must execute and return the
release within 30 days from receipt of the form. 
 (d) Section 409A. For purposes of Section 409A of the Code,
if the Company determines that Executive is a “specified employee” under Section 409A(a)(2)(B)(i) of the Code at the time of a Separation, then (i) the severance benefits under Section 2(a), to the extent that they are
subject to Section 409A of the Code, will commence during the seventh month after the Executive’s Separation and (ii) any amounts that otherwise would have been paid during the first six months after a Separation will be paid in a
lump sum on the earliest practicable date permitted by Section 409A(a)(2) of the Code. 
 3. Covenants. 

(a) Non-Solicitation. During the Executive’s employment with the Company and during the twelve-month period following his or
her cessation of employment, the Executive shall not directly or indirectly, personally or through others, solicit or attempt to solicit the employment of any employee or consultant of the Company or any of the Company’s affiliates, whether on
the Executive’s own behalf or on behalf of any other person or entity. The Executive and the Company agree that this provision is reasonably enforced as to any geographic area in which the Company conducts its business. 

(b) Non-Competition. The Executive agrees that, during his or her employment with the Company, he or she shall not engage in any
other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict of interest with the Company. 
 (c) Cooperation and Non-Disparagement. The Executive agrees that, during the twelve-month period following his or her cessation of employment, he or she shall cooperate with the Company in every
reasonable respect and shall use his or her best efforts to assist the Company with the transition of Executive’s duties to his or her successor. The Executive further agrees that, during this twelve-month period, he or she shall not in any way
or by any means disparage the Company, the members of the Company’s Board of Directors or the Company’s officers and employees. 

  
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 4. Definitions. 

(a) Definition of “Cause.” For all purposes under this Agreement, “Cause” means any of the following:
(i) Executive’s conviction of or plea of nolo contendere to a felony or a crime involving moral turpitude; (ii) an act by Executive which constitutes gross misconduct in the performance of Executive’s employment obligations and
duties; (iii) Executive’s act of fraud against the Company or any of its affiliates; (iv) Executive’s theft or misappropriation of property (including without limitation intellectual property) of the Company or its affiliates;
(v) material breach by Executive of any confidentiality agreement with, or duties of confidentiality to, the Company or any of its affiliates that involves Executive’s wrongful disclosure of material confidential or proprietary information
(including without limitation trade secrets or other intellectual property) of the Company or of any of its affiliates; (vi) Executive’s continued material violation of Executive’s employment obligations and duties to the Company
(other than due to Executive’s death or Disability) after the Company has delivered to Executive a written notice of such violation that describes the basis for the Company’s belief that such violation has occurred and Executive has not
substantially cured such violation within thirty (30) calendar days after such written notice is given by the Company. 

(b) Definition of “Change in Control.” For all purposes under this Agreement, a “Change in Control”
means the occurrence of any of the following events: (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 (“Exchange Act”) becomes the “beneficial owner” (as
defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then-outstanding voting securities;
(ii) the consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; (iii) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its
parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation; or (iv) any other
transaction which qualifies as a “corporate transaction” under Section 424(a) of the Code wherein the stockholders of the Company give up all of their equity interest in the Company (except for the acquisition, sale or transfer of all
or substantially all of the outstanding shares of the Company). 
 (c) “Definition of Code. For all purposes under
this Agreement, “Code” means the United States Internal Revenue Code of 1986, as amended and the regulations promulgated thereunder. 
 (d) Definition of Disability. For all purposes under this Agreement, “Disability” has the meaning set forth in Section 22(e)(3) of the Code. 

(e) Definition of “Good Reason.” For all purposes under this Agreement, “Good Reason” shall mean
(i) a change in the Executive’s authority or responsibilities that materially reduces his/her level of authority or responsibilities; (ii) a 10% or greater reduction in his or her level of compensation, which will be determined based
on an average of the Executive’s annual 

  
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Total Compensation for the current calendar year; or (iii) a relocation of Executive’s place of employment by more than 35 miles, provided and only if such change, reduction or
relocation is effected by the Company without Executive’s consent. For purposes of the foregoing, Total Compensation means total target cash compensation (annual base salary plus target annual cash incentives). For the Executive to receive the
benefits under this Agreement as a result of a voluntary resignation under this subsection (e), all of the following requirements must be satisfied: (1) the Executive must provide notice to the Company of his or her intent to assert Good Reason
within 90 days of the initial existence of one or more of the conditions set forth in subclauses (i) through (iii); (2) the Company will have 30 days from the date of such notice to remedy the condition and, if it does so, the Executive
may withdraw his or her resignation or may resign with no benefits; and (3) any termination of employment under this provision must occur within six (6) months of the initial existence of one or more of the conditions set forth in
subclauses (i) through (iii). Should the Company remedy the condition as set forth above and then one or more of the conditions arises again within twelve (12) months following the occurrence of a Change in Control, the Executive may
assert Good Reason again subject to all of the conditions set forth herein. 
 (f) Definition of “Qualifying
Termination.” For all purposes under this Agreement, “Qualifying Termination” shall mean a Separation resulting from (i) the Company terminates the Executive’s employment for any reason other than Cause within twelve
(12) months after a Change in Control or (ii) the Executive voluntarily resigns his or her employment for Good Reason within twelve (12) months following a Change in Control, provided however, that the grounds for Good Reason may
arise at any time within the twelve (12) months following the Change in Control. 
 (g) Definition of Separation.
For all purposes under this Agreement, “Separation” shall mean a “separation from service,” as defined in the regulations under Section 409A of the Code. 

5. Successors. 
 (a) Company’s Successors. The Company shall require any successor (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or
substantially all of the Company’s business and/or assets, by an agreement in substance and form satisfactory to the Executive, to assume this Agreement and to agree expressly to perform this Agreement in the same manner and to the same extent
as the Company would be required to perform it in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets or which becomes bound by
this Agreement by operation of law. 
 (b) Executive’s Successors. This Agreement and all rights of the Executive
hereunder shall inure to the benefit of, and be enforceable by, the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

  
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 6. Golden Parachute Taxes 

(a) Best After-Tax Result. In the event that any payment or benefit received or to be received by Executive pursuant to this
Agreement or otherwise (“Payments”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code and (ii) but for this subsection (a), be subject to the excise tax imposed by
Section 4999 of the Code, any successor provisions, or any comparable federal, state, local or foreign excise tax (“Excise Tax”), then, subject to the provisions of Section 6(b) hereof, such Payments shall be either
(A) provided in full pursuant to the terms of this Agreement or any other applicable agreement, or (B) provided as to such lesser extent which would result in no portion of such Payments being subject to the Excise Tax (“Reduced
Amount”), whichever of the foregoing amounts, taking into account the applicable federal, state, local and foreign income, employment and other taxes and the Excise Tax (including, without limitation, any interest or penalties on such taxes),
results in the receipt by Executive, on an after-tax basis, of the greatest amount of payments and benefits provided for hereunder or otherwise, notwithstanding that all or some portion of such Payments may be subject to the Excise Tax. Unless the
Company and Executive otherwise agree in writing, any determination required under this Section shall be made by independent tax counsel designated by the Company and reasonably acceptable to Executive (“Independent Tax Counsel’), whose
determination shall be conclusive and binding upon Executive and the Company for all purposes. For purposes of making the calculations required under this Section, Independent Tax Counsel may make reasonable assumptions and approximations concerning
applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code; provided that Independent Tax Counsel shall assume that Executive pays all taxes at the highest marginal rate.
The Company and Executive shall furnish to Independent Tax Counsel such information and documents as Independent Tax Counsel may reasonably request in order to make a determination under this Section. The Company shall bear all costs that
Independent Tax Counsel may reasonably incur in connection with any calculations contemplated by this Section. In the event that Section 6(a)(ii)(B) above applies, then based on the information provided to Executive and the Company by
Independent Tax Counsel, Executive may, in Executive’s sole discretion and within 30 days of the date on which Executive is provided with the information prepared by Independent Tax Counsel, determine which and how much of the Payments
(including the accelerated vesting of equity compensation awards) to be otherwise received by Executive shall be eliminated or reduced (as long as after such determination the value (as calculated by Independent Tax Counsel in accordance with the
provisions of Sections 280G and 4999 of the Code) of the amounts payable or distributable to Executive equals the Reduced Amount). If the Internal Revenue Service (the “IRS”) determines that any Payment is subject to the Excise Tax, then
Section 6(b) hereof shall apply, and the enforcement of Section 6(b) shall be the exclusive remedy to the Company. 

(b) Adjustments. If, notwithstanding any reduction described in Section 6(a) hereof (or in the absence of any such
reduction), the IRS determines that Executive is liable for the Excise Tax as a result of the receipt of one or more Payments, then Executive shall be obligated to surrender or pay back to the Company, within 120 days after a final IRS
determination, an amount of such payments or benefits equal to the “Repayment Amount.” The Repayment Amount with respect to such Payments shall be the smallest such amount, if any, as shall be required to be surrendered or paid to the
Company so that Executive’s net proceeds with respect to such Payments (after taking into account the payment of the Excise Tax imposed on such Payments) shall be maximized. Notwithstanding the foregoing, the Repayment Amount with respect to
such Payments shall be zero if a Repayment Amount of more than zero would not 

  
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eliminate the Excise Tax imposed on such Payments or if a Repayment Amount of more than zero would not maximize the net amount received by Executive from the Payments. If the Excise Tax is not
eliminated pursuant to this Section 6(b), Executive shall pay the Excise Tax. 
 7. Miscellaneous Provisions.

 (a) Other Severance Arrangements. This Agreement supersedes any and all cash severance arrangements on change in
control under any prior separation, severance and salary continuation arrangements, programs and plans which were previously offered by the Company to the Executive, including change in control severance arrangements pursuant to an employment
agreement or offer letter (but excluding arrangements related to equity). In no event shall any individual receive cash severance benefits under both this Agreement and any other severance pay or salary continuation program, plan or other
arrangement with the Company. 
 (b) Notice. Notices and all other communications contemplated by this Agreement shall be
in writing and shall be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid or deposited with Federal Express Corporation, with shipping
charges prepaid. In the case of the Executive, mailed notices shall be addressed to him or her at the home address which he or she most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to
its corporate headquarters, and all notices shall be directed to the attention of its Secretary. 
 (c) Waiver. No
provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by
either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

(d) Withholding Taxes. All payments made under this Agreement shall be subject to reduction to reflect taxes or other charges
required to be withheld by law. 
 (e) Severability. The invalidity or unenforceability of any provision or provisions of
this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 
 (f) No Retention Rights. Nothing in this Agreement shall confer upon the Executive any right to continue in service for any period of specific duration or interfere with or otherwise restrict in
any way the rights of the Company or any subsidiary of the Company or of the Executive, which rights are hereby expressly reserved by each, to terminate his or her service at any time and for any reason, with or without Cause. 

(g) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of
the State of California (other than their choice-of-law provisions). 

  
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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the day and year first above written. 
  

	
	
	  
 [Name]

	
	INFOBLOX, INC.
	
	  
 By:

	Title:



  
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