Oracle Corporation Executive Bonus Plan



 Exhibit 10.29 
 ORACLE CORPORATION 
 EXECUTIVE BONUS PLAN 

1. ESTABLISHMENT AND PURPOSE 
 1.1 Purpose. The purpose of the Oracle Corporation Executive Bonus Plan (the “Plan”) is to motivate certain executives to achieve financial performance objectives and to reward
them when such objectives are met. To this end, the Plan provides a means of rewarding Participants based on the performance of the Company and/or its lines of business or business units and, where applicable, on a Participant’s personal
performance. The Plan is intended to permit the payment of bonuses that are deductible to the maximum extent possible as “performance-based compensation” under Section 162(m) of the Code. 

1.2 Effective Date. The Plan is effective as of July 12, 2010, subject to ratification by an affirmative vote of a
majority of the shares of the Company’s common stock that are present in person or represented by proxy and entitled to vote at the Company’s 2010 Annual Meeting of Stockholders. 
 2. DEFINITIONS 
 2.1. “Actual Award” shall mean an
incentive award earned by a Participant under the Plan for any Performance Period. 
 2.2.
“Affiliate” shall mean any corporation or other entity (including, but not limited to, partnerships and join ventures) controlled by the Company. 

2.3. “Board” shall mean the Company’s Board of Directors. 

2.4. “Code” shall mean the Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code
or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or
regulation. 
 2.5. “Committee” shall mean the Compensation Committee of the Board. 

2.6. “Company” shall mean Oracle Corporation, a Delaware corporation, and any successor corporation. 

2.7. “Determination Date” shall mean the latest possible date that will permit a Target Award or Actual Award to
be qualified as performance-based compensation under Section 162(m) of the Code. 
 2.8. “Effective
Date” shall have the meaning given to it in Section 1.2. 
 2.9. “GAAP” shall mean
generally accepted accounting principles in the United States. 







 2.10. “Maximum Award” shall mean as to any Participant for any one
year Performance Period, an amount not to exceed $15,000,000; such Maximum Award shall be adjusted upwards or downwards on a pro rata basis to reflect a Performance Period longer or shorter than one year. 

2.11. “Participant” for any Performance Period, shall mean an officer of the Corporation or its subsidiaries who
is designated by the Committee to participate in the Plan. 
 2.12. “Payout Formula” as to any
Performance Period, shall mean the formula or payout matrix established by the Committee pursuant to Section 3.4 in order to determine the Actual Awards (if any) to be paid to Participants. The formula or matrix may differ from Participant to
Participant. 
 2.13. “Performance Goals” shall mean means the goal(s) (or combined goal(s)) determined
by the Committee (in its discretion) to be applicable to a Participant for a Target Award for a Performance Period. As determined by the Committee, the Performance Goals for any Target Award applicable to a Participant may provide for a targeted
level or levels of achievement using one or more of the following measures: (a) bookings, (b) cash flow, operating cash flow, or cash flow or operating cash flow per share (before or after dividends), (c) customer growth,
(d) earnings per share, (e) EBITDA (earnings before interest, taxes, depreciation and amortization), (f) net income, (g) net or gross sales, (h) operating expenses, (i) operating income, (j) operating or gross
margin, (k) profit margins, (l) profits, (m) reduction in costs/budget attainment, (n) return on assets, (o) return on equity, (p) return on sales, (q) revenue, (r) total return to stockholders, (s) stock
price, and (t) working capital. Any criteria used may be measured, as applicable, (i) in absolute terms, (ii) in relative terms, including, but not limited, passage of time (such as year over year growth) and/or against another
company or a comparison group of companies designated by the Committee, (iii) on a per-share basis, (iv) against the performance of the Company as a whole or one or more identifiable business units, products, lines of business or segments
of the Company, (v) on a pre-tax or after-tax basis, and/or (vi) on a GAAP or non-GAAP basis. Prior to the Determination Date, the Committee shall determine whether any element(s) (for example, but not by way of limitation, the effect of
acquisitions) shall be included in or excluded from the calculation of any Performance Goal with respect to any Participants, regardless of whether such determinations result in any Performance Goal being measured on a basis other than GAAP.

 2.14. “Performance Period” shall generally mean the fiscal year of the Company but it may also mean
any such other period of time which may be as short as three months but shall not exceed three fiscal years, as designated by the Committee in its sole discretion with respect to which an Actual Award may be earned. With respect to any Participant,
there shall exist no more than three Performance Periods at any one time. 
 2.15. “Plan” shall mean
this Oracle Corporation Executive Bonus Plan, as set forth in this document and as hereafter amended from time to time. 
 2.16.
“Target Award” shall mean the target award payable under the Plan to a Participant for the Performance Period expressed as a specific dollar amount, as determined by the Committee in accordance with Section 3.3.

  

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 3. SELECTION OF PARTICIPANTS AND DETERMINATION OF AWARDS 

3.1. Selection of Participants. The Committee, in its sole discretion, shall select the officers who shall be
Participants for any Performance Period. Participation in the Plan is in the sole discretion of the Committee, and on a Performance Period by Performance Period basis. Accordingly, an officer who is a Participant for a given Performance Period in no
way is guaranteed or assured of being selected for participation in any subsequent Performance Period. 
 3.2.
Determination of Performance Goals. The Committee, in its sole discretion, shall establish the Performance Goals for all eligible Participants for the Performance Period. Such Performance Goals shall be set forth in writing.

 3.3. Determination of Target Awards. Each Participant’s Target Award shall be determined by the Committee
in its sole discretion and each Target Award shall be set forth in writing. 
 3.4. Determination of Payout Formula or
Formulae. The Committee, in its sole discretion, shall establish a Payout Formula or Formulae for purposes of determining the Actual Award (if any) payable to each Participant. Each Payout Formula shall (a) be in writing, (b) be
based on a comparison of actual performance to the Performance Goals, (c) provide for the payment of a Participant’s Target Award if the Performance Goals for the Performance Period are achieved, and (d) provide for an Actual Award
greater than or less than the Participant’s Target Award, depending upon the extent to which actual performance exceeds or falls below the Performance Goals. Notwithstanding the preceding, in no event shall a Participant’s Actual Award for
any Performance Period exceed his or her Maximum Award. 
 3.5. Date for Determinations. The Committee shall make
all determinations under Sections 3.1 through 3.4 on or before the Determination Date. 
 3.6. Determination of Actual
Awards. After the end of each Performance Period, the Committee shall certify in writing the extent to which the Performance Goals applicable to each Participant for the Performance Period were achieved or exceeded. The Actual Award for each
Participant shall be determined by applying the Payout Formula to the level of actual performance that has been certified by the Committee. Notwithstanding any contrary provision of the Plan, the Committee, in its sole discretion, may eliminate or
reduce the Actual Award payable to any Participant below that which otherwise would be payable under the Payout Formula, including discretion that is exercised through the establishment of additional objective or subjective goals. 

3.7. Termination Prior to the Date the Actual Award is Paid. In order to be eligible for an Actual Award, a Participant
must be actively employed by the Company or a subsidiary through the date of payment of an Actual Award. If a Participant’s employment terminates for any reason prior to such date, the Participant will not be eligible for an Actual Award and no
such award will be paid to the Participant. For purposes of the Plan, transfer of employment of a Participant between the Company and any one of its subsidiaries or Affiliates (or between subsidiaries or Affiliates) shall not be deemed a termination
of employment. 
  

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 3.8. Leave of Absence. If a Participant is on a leave of absence at any time
during a Performance Period, the Committee may reduce his or her Actual Award proportionately based on the duration of the leave of absence (and subject to further reduction or elimination under Sections 3.6 and 3.7). 

4. PAYMENT OF AWARDS 

4.1. Rights to Receive Payments. Each Actual Award that may become payable under the Plan shall be paid solely from the
general assets of the Company or subsidiary that employs the Participant (as the case may be), as determined by the Committee. Nothing in this Plan shall be construed to create a trust or to establish or evidence any Participant’s claim of any
right to payment of an Actual Award other than as an unsecured general creditor with respect to any payment to which he or she may be entitled. 
 4.2. Timing and Form of Payment. Payment of each Actual Award shall be made as soon as administratively practicable but in any event within two and one-half calendar months after the end of
the Performance Period during which the Actual Award was earned (in the case of any Performance Period based on a fiscal year, by August 15th thereafter). Each Actual Award shall be paid in cash (or its equivalent) in a single lump sum unless such amounts are
otherwise deferred in accordance with Section 7.2. 
 5. ADMINISTRATION 

5.1. Administrator. The Plan shall be administered by the Committee. The Committee shall consist of two or more persons
appointed by the Board, all of whom shall be “outside directors” as defined under Section 162(m) of the Code and related regulations. Notwithstanding the foregoing, the failure of a Committee member to qualify as an “outside
director” shall not invalidate the payment of any Actual Award under the Plan. 
 5.2. Committee Authority.
The Committee shall have all discretion and authority necessary or appropriate to administer the Plan and to interpret the provisions of the Plan, consistent with qualification of the Plan as performance-based compensation under Section 162(m)
of the Code. All determinations and decisions made by the Committee, the Board, and any delegate of the Committee pursuant to the provisions of the Plan shall be final, conclusive, and binding on all persons, and shall be given the maximum deference
permitted by law. 
 5.3. Delegation by the Committee. The Committee, in its sole discretion and on such terms and
conditions as it may provide, may delegate all or part of its authority and powers under the Plan to one or more directors and/or officers of the Company; provided, however, that the Committee may not delegate its authority and/or powers with
respect to awards that are intended to qualify as performance-based compensation under Section 162(m) of the Code. 
 6. AMENDMENT,
TERMINATION AND DURATION 
 6.1. Amendment, Suspension or Termination. The Board or the Committee, each in its
sole discretion, may amend or terminate the Plan, or any part thereof, at any time and for any reason. The amendment, suspension or termination of the Plan shall not, without the consent of 

 

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the Participant, alter or impair any rights or obligations under any Target Award theretofore granted to such Participant. No Actual Award may be granted during any period of suspension or after
termination of the Plan. 
 6.2. Duration of the Plan. The Plan shall commence on the date specified herein, and
subject to Section 6.1 (regarding the Board or the Committee’s right to amend or terminate the Plan), shall remain in effect thereafter. As long as the Plan remains in effect, it shall be resubmitted to stockholders at least every five
years as required by Section 162(m) of the Code. 
 7. MISCELLANEOUS PROVISIONS 

7.1. Tax Withholding. The Company or a subsidiary shall withhold all applicable taxes from any Actual Award, including any
federal, state and local taxes (including, but not limited to, the Participant’s FICA and SDI obligations); notwithstanding the foregoing, if a Participant defers receipt of payment in accordance with Section 7.2, the Company or a
subsidiary shall withhold from the Actual Award only applicable taxes as then required by law. 
 7.2. Deferrals.
The Committee, in its sole discretion, may permit a Participant to defer receipt of the payment of cash that would otherwise be delivered to a Participant under the Plan under the Company’s Deferred Compensation Plan (or any similar successor
plan). Any such deferral elections shall be made in compliance with Section 409A of the Code. 
 7.3. No Employment
Right. Nothing in the Plan shall interfere with or limit in any way the right of the Company, a subsidiary of the Company or an Affiliate, as applicable, to terminate any Participant’s employment or service at any time, with or without
cause. The Company expressly reserves the right, which may be exercised at any time and without regard to when (whether during or after a Performance Period) such exercise occurs, to terminate any individual’s employment with or without cause,
and to treat him or her without regard to the effect which such treatment might have upon him or her as a Participant. 
 7.4.
Participation. No executive shall have the right to be selected to receive an award under this Plan, or, having been so selected, to be selected to receive a future award. 

7.5. Indemnification. Each person who is or shall have been a member of the Committee, or of the Board, shall be
indemnified and held harmless by the Company against and from (a) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to
which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or any award, and (b) from any and all amounts paid by him or her in settlement thereof, with the Company’s
approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he
or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Certificate of
Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any power that the Company may have to indemnify them or hold them harmless. 
  

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 7.6. Successors. All obligations of the Company under the Plan, with respect
to awards granted hereunder, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business
or assets of the Company. 
 7.7. Nontransferability of Awards. No award granted under the Plan may be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated. All rights with respect to an award granted to a Participant shall be available during his or her lifetime only to the Participant. 

7.8. Section 162(m) Conditions; Bifurcation of Plan. It is the intent of the Company that the Plan and the awards
under the Plan to Participants who are or may become persons whose compensation is subject to Section 162(m) of the Code, satisfy any applicable requirements of Section 162(m) of the Code. Any provision, application or interpretation of
the Plan inconsistent with this intent shall be disregarded. However, the Company may also pay discretionary bonuses, or other types of compensation outside the Plan, which may or may not be deductible. The provisions of the Plan may be bifurcated
by the Board or the Committee at any time so that certain provisions of the Plan, or any award, required in order to satisfy the requirements of Section 162(m) of the Code are only applicable to Participants whose compensation is subject to
Section 162(m) of the Code. 
 7.9. Section 409A. To the extent that any Actual Bonus under the Plan is
subject to Section 409A of the Code, the terms and administration of such Actual Award shall comply with the provisions of such section and good faith reasonable interpretations thereof, and, to the extent necessary to achieve compliance, shall
be modified, replaced or terminated at the discretion of the Committee. 
 7.10. Severability. In the event any
provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been
included. 
 7.11. Captions. Captions are provided herein for convenience only, and shall not serve as a basis for
interpretation or construction of the Plan. 
  

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