Document:

Stock Option Exercise Notice & Restricted Stock Purchase Agrmt - Shiow-Meei Liaw

 Exhibit 10.32 
 SUPER MICRO COMPUTER, INC. 
 STOCK OPTION EXERCISE NOTICE 
 AND 
 RESTRICTED STOCK PURCHASE
AGREEMENT 
 This Agreement (“Agreement”) is made as of November 26, 2008 (the “Purchase Date”),
by and between Super Micro Computer, Inc., a Delaware corporation (the “Company”), and Shiow-Meei Liaw (“Purchaser”). 
 1. Exercise of Option. Subject to the terms and conditions hereof, Purchaser hereby exercises his or her option to purchase 92,631 shares of the Common Stock (the “Shares”) of the
Company granted to Purchaser on December 9, 1998 [GRANT DATE] (the “Option”) and evidenced by the Nonstatutory Stock Option Agreement entered into between the Company and Purchaser on December 9, 1998 [OPTION
AGREEMENT DATE] (the “Option Agreement”). The Option exercise price is $0.075 per Share (the “Per Share Exercise Price”), and the total purchase price for the Shares is $6,947.33 (the “Purchase
Price”). As subsequently used in this Agreement, the term “Shares” refers to the purchased Shares and all securities received in addition to or in replacement of the Shares pursuant to stock dividends or stock splits, all
securities received in replacement of the Shares in a merger, consolidation, reorganization, reincorporation, recapitalization, reclassification or similar change in the capital structure of the Company, and all new, substituted or additional
securities or other property to which Purchaser becomes entitled by reason of Purchaser’s ownership of the Shares. 
 2. Time,
Place and Method of Exercise. The purchase and sale of the Shares under this Agreement shall occur at the principal office of the Company simultaneously with the execution and delivery of this Agreement on the Purchase Date, accompanied by
an Assignment Separate from Certificate duly endorsed (with the date and number of shares blank) in the form attached to this Agreement. Payment of the Purchase Price shall be effected by means of a “net exercise” procedure, pursuant to
which (a) the Company shall reduce the number of Shares otherwise issuable to Purchaser upon the exercise of the Option by the largest whole number of Shares having a Fair Market Value that does not exceed the Purchase Price, and
(b) Purchaser shall pay to the Company in cash the remaining balance of the Purchase Price not satisfied by such reduction in the number of whole Shares to be issued. For this purpose, the “Fair Market Value” of Shares shall be
determined by the closing price of a share of Common Stock of the Company on the Purchase Date as reported on the Nasdaq Stock Market. On the Purchase Date, the Company will issue to Purchaser a certificate representing the net number of Shares
remaining following such reduction (the “Net Shares”), which shall be determined in accordance with the following formula: 
 N = X(A-B)/A, where 

 “N” = the number of Net Shares to be issued to Purchaser upon exercise of the
Option (rounded down to the nearest whole number); 
 “X” = the total number of Shares with respect to which
Purchaser has elected to exercise the Option; 
 “A” = the Fair Market Value of one (1) share of the Common
Stock of the Company determined on the Purchase Date; and 
 “B” = the Per Share Exercise Price, as set forth
above. 
 Following such net exercise procedure, the number of Shares remaining subject to the Option, if any, shall be reduced by the sum of
(i) the number of Net Shares issued to Purchaser and (ii) the number of Shares deducted by the Company for payment of the Purchase Price. 
 3. Vesting of Net Shares. 
 (a) Normal Vesting. Except as provided by Section 3(b), Purchaser
hereby acknowledges and agrees that, notwithstanding anything contained in the Option Agreement to the contrary, the Net Shares acquired by Purchaser pursuant to this Agreement shall initially be entirely unvested and subject to both the Unvested
Share Reacquisition Right described in Section 4 and the restrictions on the transfer of Shares described in Section 5. The Net Shares shall become Vested Shares as follows: 
 Except as otherwise provided by this Agreement, provided that Purchaser’s Service has not terminated prior to the applicable Vesting Date, half
(1/2) of the total number of Net Shares shall become Vested Shares on the first trading day of each of the first two (2) calendar years commencing after the Purchase Date (each of which shall be a “Vesting Date”).

 For purposes of determining the number of Vested Shares following an Ownership Change Event, credited Service shall include all Service with any business
entity which is a member of the Company Group at the time the Service is rendered, whether or not such business entity is a member of the Company Group both before and after the Ownership Change Event. 
 (b) Acceleration of Vesting upon Certain Events. Subject to Section 3(c), in the event of (i) the Involuntary Termination of
Purchaser or (ii) the consummation of a Change in Control (provided that Purchaser’s Service has not terminated prior to such Change in Control), the vesting of the Net Shares shall be accelerated in full, such that the total number of Net
Shares which have not previously become Vested Shares shall be deemed Vested Shares effective as of the date of Purchaser’s Involuntary Termination or immediately prior to the effective time of the Change in Control, as the case may be.

 (c) Federal Excise Tax Under Section 4999 of the Code. 
 (i) Excess Parachute Payment. In the event that any acceleration of vesting pursuant to this Agreement and any other payment or benefit
received or to be received by Purchaser would subject Purchaser to any excise tax pursuant to Section 4999 of the Code due 

  

 -2- 

 
to the characterization of such acceleration of vesting, payment or benefit as an excess parachute payment under Section 280G of the Code, the amount of
any acceleration of vesting called for under this Agreement, together with such other payments and benefits, shall not exceed the amount which results in the greatest after-tax benefit to Purchaser. 
 (ii) Determination by Independent Accountants. Upon the occurrence of any event that might reasonably be anticipated to give rise to the
acceleration of vesting under Section 3(b) (an “Event”) and a resulting excise tax pursuant to Section 4999 of the Code, the Company shall promptly request a determination in writing by independent public accountants
selected by the Company (the “Accountants”) of the amount of such acceleration of vesting, if any, that would result in the greatest after-tax benefit to Purchaser. Unless the Company and Purchaser otherwise agree in writing, the
Accountants shall determine and report to the Company and Purchaser no later than ten (10) business days following the date of the Event the amount of such acceleration of vesting, which, taking into account the other payments and benefits to
which Purchaser is entitled, would produce the greatest after-tax benefit to Purchaser. The Company shall promptly cause that portion, if any, of the acceleration of vesting under Section 3(b) which exceeds the amount producing the greatest
after-tax benefit to Purchaser to be rescinded and to be void ab initio. For the purposes of such determination, the Accountants may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of
the Code. The Company and Purchaser shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make their required determination. The Company shall bear all fees and expenses the Accountants
may reasonably charge in connection with their services contemplated by this Section 3(c)(ii). 
 4. Unvested Share Reacquisition
Right. 
 (a) Grant of Unvested Share Reacquisition Right. In the event that (a) Purchaser’s Service is
terminated, or, (b) Purchaser, Purchaser’s legal representative, or other holder of shares acquired pursuant to this Agreement, attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership
Change Event) any shares which are not Vested Shares (“Unvested Shares”), the Company shall automatically reacquire the Unvested Shares, and Purchaser shall not be entitled to any payment therefor (the “Unvested Share
Reacquisition Right”). 
 (b) Ownership Change Event, Dividends, Distributions and Adjustments.
Upon the occurrence of an Ownership Change Event, a dividend or distribution to the stockholders of the Company paid in shares of Common Stock or other property, or any other adjustment upon a change in the capital structure of the Company, any and
all new, substituted or additional securities or other property (other than regular, periodic dividends paid on Common Stock pursuant to the Company’s dividend policy) to which Purchaser is entitled by reason of Purchaser’s ownership of
Unvested Shares shall be immediately subject to the Unvested Share Reacquisition Right and included in the terms “Shares” and “Unvested Shares” for all purposes of the Unvested Share Reacquisition Right with the same force and
effect as the Unvested Shares immediately prior to the Ownership Change Event, dividend, distribution or adjustment, as the case may be. 
  

 -3- 

 5. Restrictions on Transfer of Shares. No Shares may be sold, exchanged, transferred,
assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Agreement and, except pursuant to an Ownership Change Event, until the date on which such shares
become Vested Shares, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any Shares which will have been transferred in violation of any of the provisions set forth in this Agreement
or (b) to treat as owner of such Shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such Shares will have been so transferred. In order to enforce its rights under this Section, the Company shall
be authorized to give a stop transfer instruction with respect to the Shares to the Company’s transfer agent. 
 6.
Escrow. 
 (a) Appointment of Agent. To ensure that Shares subject to the Unvested Share Reacquisition Right will
be available for reacquisition, Purchaser and the Company hereby appoint the Secretary of the Company, or any other person designated by the Company, as their agent and as attorney-in-fact for Purchaser (the “Agent”) to hold any and
all Unvested Shares and to sell, assign and transfer to the Company any such Unvested Shares reacquired by the Company pursuant to the Unvested Share Reacquisition Right. Purchaser understands that appointment of the Agent is a material inducement
to make this Agreement and that such appointment is coupled with an interest and is irrevocable. The Agent shall not be personally liable for any act the Agent may do or omit to do hereunder as escrow agent, agent for the Company, or attorney in
fact for Purchaser while acting in good faith and in the exercise of the Agent’s own good judgment, and any act done or omitted by the Agent pursuant to the advice of the Agent’s own attorneys shall be conclusive evidence of such good
faith. The Agent may rely upon any letter, notice or other document executed by any signature purporting to be genuine and may resign at any time. 
 (b) Establishment of Escrow. Purchaser authorizes the Company to deposit the Unvested Shares with the Company’s transfer agent to be held in book entry form, and Purchaser agrees to deliver to and
deposit with the Agent each certificate, if any, evidencing the Shares and an Assignment Separate from Certificate with respect to such book entry shares and each such certificate duly endorsed (with date and number of Shares blank) in the form
attached to this Agreement, to be held by the Agent under the terms and conditions of this Section 6 (the “Escrow”). Upon the occurrence of an Ownership Change Event, a dividend or distribution to the stockholders of the
Company paid in shares of Common Stock or other property (other than regular, periodic dividends paid on Common Stock pursuant to the Company’s dividend policy), or any other adjustment upon a change in the capital structure of the Company in
the character or amount of any outstanding stock of the corporation the stock of which is subject to the provisions of this Agreement, any and all new, substituted or additional securities or other property to which Purchaser is entitled by reason
of his or her ownership of the Shares that remain, following such Ownership Change Event, dividend, distribution or change in capital structure, subject to the Unvested Share Reacquisition Right shall be immediately subject to the Escrow to the same
extent as the Shares immediately before such event. The Company shall bear the expenses of the Escrow. 
  

 -4- 

 (c) Delivery of Shares to Participant. The Escrow shall continue with
respect to any Shares for so long as such Shares remain subject to the Unvested Share Reacquisition Right. Upon termination of the Unvested Share Reacquisition Right with respect to Shares, the Company shall so notify the Agent and direct the Agent
to deliver such number of Shares to Purchaser. As soon as practicable after receipt of such notice, the Agent shall cause to be delivered to Purchaser the Shares specified by such notice, and the Escrow shall terminate with respect to such Shares.

 7. Tax Matters. 
 (a) Tax Withholding. 
 (i) In General. At the time this Agreement is executed, or at any time
thereafter as requested by the Company, Purchaser hereby authorizes withholding from payroll and any other amounts payable to Purchaser, and otherwise agrees to make adequate provision for, any sums required to satisfy the federal, state, local and
foreign tax (including any social insurance) withholding obligations of the Company Group, if any, which arise in connection with the Shares, including, without limitation, obligations arising upon (a) the transfer of Shares to Purchaser,
(b) the lapsing of any restriction with respect to any Shares, or (c) the transfer by Purchaser of any Shares. The Company shall have no obligation to deliver the Shares or to release any Shares from the Escrow established pursuant to
Section 6 until the tax withholding obligations of the Company Group have been satisfied by Purchaser. 
 (ii) Assignment of Sale
Proceeds; Payment of Tax Withholding by Check. Subject to compliance with applicable law and the Company’s Insider Trading Policy, the Company shall permit Purchaser to satisfy the Company Group’s tax withholding obligations in
accordance with procedures established by the Company providing for either (i) delivery by Purchaser to the Company or a broker approved by the Company of properly executed instructions, in a form approved by the Company, providing for the
assignment to the Company of the proceeds of a sale with respect to some or all of the Vested Shares, or (ii) payment by Purchaser’s check. Purchaser shall deliver written notice of any such election to the Company on a form specified by
the Company for this purpose at least thirty (30) days (or such other period established by the Company) prior to the date on which the Company’s tax withholding obligation arises (the “Withholding Date”). If Purchaser
elects payment by check, Purchaser agrees to deliver a check for the full amount of the required tax withholding to the applicable member of the Company Group on or before the third business day following the Withholding Date. If Purchaser elects
payment by check but fails to make such payment as required by the preceding sentence, the Company is hereby authorized, at its discretion, to satisfy the tax withholding obligations through any means authorized by this Section 7(a), including
by directing a sale for the account of Purchaser of some or all of the Vested Shares from which the required taxes shall be withheld, by withholding from payroll and any other amounts payable to Purchaser or by withholding shares in accordance with
Section 7(a)(iii). 
 (iii) Withholding in Shares. The Company may require Purchaser to satisfy all or any portion of the
Company Group’s tax withholding obligations by deducting a number of whole, Vested Shares otherwise deliverable to Purchaser or by Purchaser’s tender to 

  

 -5- 

 
the Company of a number of whole, Vested Shares or vested shares acquired otherwise than pursuant to this Agreement having, in any such case, a fair market
value, as determined by the Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such tax withholding obligations determined by the applicable minimum statutory withholding rates. 
 (b) Section 83(b) of the Code. 
 (i) Application of Section 83(b). Purchaser understands that Section 83 of the Code taxes as ordinary income the difference between the amount paid for the Shares, if anything, and the fair market value of the Shares
as of the date on which the Shares are “substantially vested,” within the meaning of Section 83 of the Code. In this context, “substantially vested” means that the right of the Company to reacquire the Shares pursuant to the
Unvested Share Reacquisition Right has lapsed. Purchaser understands that Section 83(b) of the Code provides for an election by which Purchaser may have his or her taxable income determined at the time he or she acquires the Shares rather than
when and as the Unvested Share Reacquisition Right lapses by filing an election under Section 83(b) of the Code with the Internal Revenue Service no later than thirty (30) days after the date of acquisition of the Shares. Purchaser
understands that by not making a timely filing under Section 83(b), Purchaser will recognize ordinary income as the Unvested Share Reacquisition Right lapses on the difference between the purchase price, if anything, and the fair market value
of the Shares at the time such restrictions lapse. Purchaser further understands, however, that if Shares with respect to which an election under Section 83(b) has been made are forfeited to the Company pursuant to its Unvested Share
Reacquisition Right, such forfeiture would be treated as a sale on which there is realized a loss equal to the excess (if any) of the amount paid (if any) by Purchaser for the forfeited Shares over the amount realized (if any) upon their forfeiture.
If Purchaser had paid nothing for the forfeited Shares and received no payment upon their forfeiture, Purchaser understands that he or she would be unable to recognize any loss on the forfeiture of the Shares even though Purchaser incurred a tax
liability by making an election under Section 83(b). 
 (ii) Waiver of Right to Make Election under Section 83(b).
Purchaser hereby waives any and all right Purchaser otherwise would have to make an election under Section 83(b) of the Code with respect to Shares acquired by Purchaser subject to the Unvested Share Reacquisition Right. Purchaser
understands that he or she should consult with his or her tax advisor regarding the effect of this waiver of the right to file with the Internal Revenue Service an election under Section 83(b) of the Code with respect to such Shares.

 8. Rights as a Stockholder. Purchaser shall have no rights as a stockholder with respect to any Shares until the date of the
issuance of a certificate for such Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends, distributions or other rights for which
the record date is prior to the date such certificate is issued, except as otherwise provided by this Agreement. Subject the provisions of this Agreement, Purchaser shall exercise all rights and privileges of a stockholder of the Company with
respect to Shares deposited in the Escrow pursuant to Section 6. 
  

 -6- 

 9. Rights As Employee, Consultant or Board Member. If Purchaser is an employee of the
Company Group, Purchaser understands and acknowledges that, except as otherwise provided in a separate, written employment agreement between a member of the Company Group and Purchaser, Purchaser’s employment is “at will” and is for
no specified term. Nothing in this Agreement shall confer upon Purchaser any right to continue in the Service of any member of the Company Group or interfere in any way with any right of any member of the Company Group to terminate Purchaser’s
Service at any time. 
 10. Legends. The Company may at any time place legends referencing the Unvested Share Reacquisition
Right and any applicable federal, state or foreign securities law restrictions on all certificates representing the Shares. Purchaser shall, at the request of the Company, promptly present to the Company any and all certificates representing the
Shares in the possession of Purchaser in order to carry out the provisions of this Section. Unless otherwise specified by the Company, legends placed on such certificates may include, but shall not be limited to, the following: 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS SET FORTH IN AN AGREEMENT BETWEEN THIS CORPORATION AND THE REGISTERED
HOLDER, OR HIS PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THIS CORPORATION.” 
 11. Certain
Definitions. For the purposes of this Agreement, the following terms shall have the respective meanings set forth below: 
 (a)
“Board” means the Board of Directors of the Company. If one or more committees of the Board have been appointed by the Board to administer this Agreement, “Board” shall also mean such committee(s). 
 (b) “Cause” means any of the following: (i) Purchaser’s theft, dishonesty, willful misconduct, breach of fiduciary duty
for personal profit, or falsification of any Company documents or records; (ii) Purchaser’s material failure to abide by the Company’s code of conduct or other policies (including, without limitation, policies relating to
confidentiality and reasonable workplace conduct); (iii) Purchaser’s unauthorized use, misappropriation, destruction or diversion of any tangible or intangible asset or corporate opportunity of the Company Group (including,
Purchaser’s improper use or disclosure of the Company Group’s confidential or proprietary information); (iv) Purchaser’s repeated material failure or inability to perform any reasonable assigned duties consistent with
Purchaser’s position with the Company Group after written notice from the Company Group of, and a reasonable opportunity to cure, such failure or inability; or (v) Purchaser’s conviction (including any plea of guilty or nolo
contendere) of any criminal act involving fraud, dishonesty, misappropriation or moral turpitude, or which impairs Purchaser’s ability to perform his or her duties with the Company Group. 
 (c) “Change in Control” means the occurrence of any of the following: 
 (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 (the “Exchange
Act”)) becomes the “beneficial owner” (as 

  

 -7- 

 
defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company representing more than fifty percent
(50%) of the total combined voting power of the Company’s then-outstanding securities entitled to vote generally in the election of the Board; provided, however, that the following acquisitions shall not constitute a Change in Control:
(1) an acquisition by any such person who on the Purchase Date is the beneficial owner of more than fifty percent (50%) of such voting power, (2) any acquisition directly from the Company, including, without limitation, a public
offering of securities, (3) any acquisition by the Company, (4) any acquisition by a trustee or other fiduciary under an employee benefit plan of a member of the Company Group or (5) any acquisition by an entity owned directly or
indirectly by the stockholders of the Company in substantially the same proportions as their ownership of the voting securities of the Company; or 
 (ii) an Ownership Change Event or series of related Ownership Change Events (collectively, a “Transaction”) in which the stockholders of the Company immediately before the Transaction do not retain immediately after the
Transaction direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding securities entitled to vote generally in the election of the Board or, in the case of an Ownership Change
Event described in Section 11(j)(iii), the entity to which the assets of the Company were transferred (the “Transferee”), as the case may be; or 
 (iii) a liquidation or dissolution of the Company; 
 provided, however, that a Change in Control shall be deemed not to
include a transaction described in subsections (i) or (ii) of this Section 10(c) in which a majority of the members of the board of directors of the continuing, surviving or successor entity, or parent thereof, immediately after such
transaction is comprised of Incumbent Directors. For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting securities of one or more corporations or
other business entities which own the Company or the Transferee, as the case may be, either directly or through one or more subsidiary corporations or other business entities. The Board shall have the right to determine whether multiple sales or
exchanges of the voting securities of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive. 
 (d) “Code” means the Internal Revenue Code of 1986, as amended, and any applicable regulations or administrative guidelines promulgated thereunder. 
 (e) “Company Group” means collectively, at any point in time, (i) the Company, (ii) each “parent corporation”
of the Company, as defined in Section 424(e) of the Code, (iii) each “subsidiary corporation” of the Company, as defined in Section 424(f) of the Code, (iv) each entity, other than a parent corporation, that directly,
or indirectly through one or more intermediary entities, controls the Company, and (v) each an entity, other than a subsidiary corporation, that is controlled by the Company directly or indirectly through one or more intermediary entities. For
this purpose, the term “control” (including the term “controlled by”) means the possession, direct or indirect, of the power to direct or cause the direction of the 

  

 -8- 

 
management and policies of the relevant entity, whether through the ownership of voting securities, by contract or otherwise. 
 (f) “Disability” means Purchaser’s inability, as a result of physical or mental illness or injury, to perform his or her
duties with the Company Group, with or without reasonable accommodation, for a period of ninety (90) consecutive days. 
 (g)
“Good Reason” means the occurrence of any of the following without the written consent of Purchaser: 
 (i) a
material adverse change in Purchaser’s authority, duties or responsibilities; or 
 (ii) a material adverse change in the authority,
duties or responsibilities of Purchaser’s supervisor, including a requirement that Purchaser report to another corporate officer or other employee rather than directly to the Board if the Purchaser reports directly to the Board on the Purchase
Date; or 
 (iii) a material reduction in the budget over which Purchaser retains authority; or 
 (iv) a reduction in Purchaser’s base compensation or target bonus by more than five percent (5%); or 
 (v) a relocation of Purchaser’s principal place of employment by more than thirty (30) miles; or 
 (vi) any action or inaction by the Company Group which constitutes a breach of this Agreement or any other agreement with a member of the Company Group
under which Purchaser renders Service. 
 (h) “Incumbent Directors” means a director who either (i) is a member
of the Board as of the Purchase Date or (ii) is elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination, but who was not elected or
nominated in connection with an actual or threatened proxy contest relating to the election of directors of the Company. 
 (i)
“Involuntary Termination” means any of the following: (i) termination by the Company Group of Purchaser’s Service for any reason other than Cause, (ii) termination of Purchaser’s Service as a result of
Purchaser’s death, (iii) termination of Purchaser’s Service as a result of Purchaser’s Disability, or (iv) Purchaser’s resignation from Service for Good Reason, provided that such resignation occurs no later than one
(1) year after the first occurrence of the condition constituting Good Reason, and provided further that Purchaser has delivered written notice to the Board of the occurrence of the condition constituting Good Reason within ninety
(90) days after its initial occurrence and the Company has failed to cure such condition within thirty (30) days following the date of such written notice. 
  

 -9- 

 (j) “Ownership Change Event” means the occurrence of any of the following with
respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of more than fifty percent (50%) of the voting stock of the Company; (ii) a merger or
consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company). 

(k) “Service” means Purchaser’s employment or service with a member of the Company Group, whether in the capacity of an
employee, a member of the board of directors of such member of the Company Group, or a consultant or other independent contractor. Purchaser’s Service shall not be deemed to have terminated merely because of a change in the capacity in which
Purchaser renders such Service or a change in the member of the Company Group for which Purchaser renders such Service, provided that there is no interruption or termination of Purchaser’s Service. Furthermore, Purchaser’s Service shall
not be deemed to have terminated while Purchaser is on a leave of absence approved by the Company. Purchaser’s Service shall be deemed to have terminated either upon an actual termination of Service or upon the entity for which Purchaser
performs Service ceasing to be a member of the Company Group. 
 12. Miscellaneous. 
 (a) Administration. All questions of interpretation concerning this Agreement shall be determined by the Board. All determinations by the
Board shall be final and binding upon all persons having an interest in this Agreement. 
 (b) Further Instruments. The parties
to this Agreement agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement. 
 (c) Entire Agreement; Enforcement of Rights. This Agreement sets forth the entire agreement and understanding of the parties relating to the subject matter herein and merges all prior discussions between
them. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing signed by the parties to this Agreement. The failure by either party to enforce any rights under this
Agreement shall not be construed as a waiver of any rights of such party. 
 (d) Severability. If one or more provisions of
this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then
(i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its
terms. 
 (e) Construction. This Agreement is the result of negotiations between and has been reviewed by each of the parties
hereto and their respective counsel, if any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity shall be construed in favor of or against any one of the parties hereto. 
  

 -10- 

 (f) Notices. Any notice required or permitted by this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by telegram or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the party to be notified
at such party’s address as set forth below or as subsequently modified by written notice. 
 (g) Successors and Assigns.
The rights and benefits of this Agreement shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. The rights and obligations of Purchaser under this Agreement may only be assigned with the prior written
consent of the Company. 
 (h) Governing Law. This Agreement and all acts and transactions pursuant hereto and the rights and
obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of law. 
 (i) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which
together shall constitute one instrument. 
 The parties have executed this Stock Option Exercise Notice and Restricted Stock Purchase
Agreement as of the date first set forth above. 

			
	 COMPANY:
  
 Super Micro Computer, Inc.

		
	By:	 	/s/ Howard Hideshima
	Name: Howard Hideshima
	Title: CFO

  

	
	 PURCHASER:
  
 Shiow-Meei Liaw

	
	/s/ Shiow-Meei Liaw
	(Signature)

  

					
		 	Address:	 	 980 Rock Avenue
 San Jose, CA 95131

		 		 	

  

 -11- 

 ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED the undersigned does hereby sell, assign and transfer unto
                                         
                            
                                        
                                         
                                         
                                         
                                         
                                         
             
 
                                        
                                         
                                         
            (                    ) shares of the Capital Stock of Super Micro
Computer, Inc. standing in the undersigned’s name on the books of said corporation represented by Certificate
No.                      herewith and does hereby irrevocably constitute and appoint
                                         
        Attorney to transfer the said stock on the books of said corporation with full power of substitution in the premises. 
  

			
	Dated:	 	 

  

	
	
	  
	Signature
	
	  
	Print Name

 Instructions: Please do not fill in any blanks other than the signature line. The purpose of this
assignment is to enable the Company to exercise its Unvested Share Reacquisition Right set forth in the Notice of Exercise of Stock Option and Restricted Stock Agreement without requiring additional signatures on the part of the Participant.Amended and Restated Saks Incorporated Employee Stock Purchase Plan

 Exhibit 10.1 
 AMENDED AND RESTATED 
 SAKS INCORPORATED 
 EMPLOYEE STOCK PURCHASE PLAN 
 (as amended effective 9/16/2008) 

 

	1.	Purpose. The purpose of the Saks Incorporated Employee Stock Purchase Plan is to provide a method whereby employees of Saks Incorporated and its subsidiaries have an
opportunity to purchase shares of Common Stock of the Corporation. The Plan is intended to qualify as an Employee Stock Purchase Plan under Section 423 of the Internal Revenue Code of 1986, as amended, and all provisions of the Plan shall be
construed in a manner to effect that intent. 

  

	2.	Definitions. As used in this Plan, the following words shall have the following meanings: 

  

	 	(a)	“Code” shall mean the Internal Revenue Code of 1986, as amended. Reference to a section of the Code shall include that section and any comparable section of any future
legislation that amends, supplements, or supersedes that section. 

  

	 	(b)	“Common Stock” shall mean the common stock of the Corporation. 

  

	 	(c)	“Compensation Committee” shall mean the Human Resources and Compensation Committee of the Board of Directors or any successor committee of the Board of Directors that has
the same duties and responsibilities, to which the administrative duties and responsibilities under the Plan are delegated. 

  

	 	(d)	“Corporation” shall mean Saks Incorporated, a Tennessee corporation. 

  

	 	(e)	“Employee” shall mean any individual who is employed by the Corporation or a Subsidiary on a full-time or part-time basis and who is regularly scheduled to work more than
20 hours per week. 

  

	 	(f)	“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

  

	 	(g)	“Offering” shall mean any opportunity to purchase Common Stock granted to Participants, the terms and conditions of which have been established by the Compensation
Committee pursuant to the Plan. 

  

	 	(h)	“Offering Commencement Date” shall mean the date on which any Offering commences. 

  

	 	(i)	“Offering Termination Date” shall mean the date on which any Offering ends. 

  

	 	(j)	“Option” shall mean any opportunity to purchase Common Stock granted to a Participant pursuant to an Offering. 

  

	 	(k)	“Participant” shall mean each Employee who becomes a participant in the Plan as provided in Section 5. 

	 	(l)	“Participation Agreement” shall mean a written participation form pursuant to which an eligible Employee elects to become a Participant and authorizes the Corporation to
make payroll deductions with respect to such Employee. 

  

	 	(m)	“Plan” shall mean the Amended and Restated Saks Incorporated Employee Stock Purchase Plan (as amended effective 9/16/2008). 

  

	 	(n)	“Purchase Price” shall mean the purchase price per share of Common Stock subject to any Option as determined under Section 6(b). 

  

	 	(o)	“Subsidiary” shall mean any present or future corporation which: 

  

	 	(i)	would be a “subsidiary corporation” of the Company as the term is defined in Section 424 of the Code, and 

  

	 	(ii)	is designated as a participant in the Plan by the Board of Directors. 

  

	3.	Administrative. 

  

	 	(a)	Appointment. The Plan shall be administered by the Compensation Committee. The Compensation Committee may, from time to time, delegate nondiscretionary administrative
responsibilities under the Plan to Employees who shall continue to be eligible to participate in accordance with Section 4(a). 

  

	 	(b)	Powers. The Compensation Committee shall determine: 

  

	 	(i)	the time or times when Options shall be granted; 

  

	 	(ii)	the number of shares of Common Stock subject to an Offering; and 

  

	 	(iii)	the limitations, restrictions, and conditions applicable to any Options. 

  

	 	(c)	Interpretations. Subject to the express provisions of the Plan, the Compensation Committee may interpret the Plan, prescribe, amend, and rescind rules and regulations
relating to it, determine the terms and conditions of the Options, and make all other determinations it deems necessary or advisable for the administration of the Plan. 

  

	 	(d)	Determinations. The determinations of the Compensation Committee on all matters regarding the Plan shall be conclusive. No member of the Compensation Committee shall be
liable for any action taken or determination made in good faith. 

  

 Page 2 

	4.	Eligibility. 

  

	 	(a)	Initial Eligibility. Each Employee who shall have completed twelve (12) months of employment and is an Employee on the date his or her participation in the Plan is to
become effective shall be eligible to participate in Offerings under the Plan that commence on or after such twelve (12) month period has concluded. 

  

	 	(b)	Restrictions on Participation. Notwithstanding any provisions of the Plan to the contrary, no Employee shall be granted an Option under the Plan: 

  

	 	(i)	if, immediately after the grant, such Employee would own stock, and/or hold outstanding options (or other awards) to purchase stock, possessing 5% or more of the total combined
voting power or value of all classes of stock of the Corporation (for purposes of his paragraph, the rules of Section 423 of the Code shall apply in determining stock ownership of an Employee); or 

  

	 	(ii)	which permits the Employee’s right to purchase stock under all employee stock purchase plans, within the meaning of Section 423 of the Code, to accrue at a rate that
exceeds $25,000 in fair market value of the stock (determined at the time such Options are granted) for each year in which such Options are outstanding. 

  

	5.	Commencement of Participation. 

  

	 	(a)	Participation. An eligible Employee may become a Participant by completing a Participation Agreement and delivering it to an authorized representative of the Corporation.
Payroll deductions for a Participant shall commence on the applicable Offering Commencement Date and shall continue in effect until terminated as described in Section 5(b). All such Participant contributions shall be credited to the
Participant’s account. 

  

	 	(b)	Participant Elections. The terms of the Participation Agreement shall provide that the Participant elects to have payroll deductions credited to the Participant’s
account, subject to the limitations hereinafter described, that will in no event exceed Two Thousand Four Hundred and 00/100 Dollars ($2,400.00) during any Offering. Notwithstanding the foregoing, the Compensation Committee retains the right to
adjust this amount for any Offering; provided, however, that if the Compensation Committee increases this amount for a subsequent Offering, the payroll deduction amount elected by a Participant for such Offering shall not increase absent an
affirmative election by such Participant. Elections to participate hereunder shall continue in effect for each subsequent Offering unless at least ten (10) days prior to an Offering Commencement Date, the Participant withdraws from the Plan,
ceases to be an Employee, or elects a different rate of payroll deductions pursuant to a new Participation Agreement. Notwithstanding the foregoing, the Compensation Committee in its sole discretion may, upon prior notice to Participants, require
all Participants to enter into a new Participation Agreement with respect to any subsequent Offering at least ten (10) days prior to the subsequent Offering Commencement Date in order to participate in such Offering. 

 

 Page 3 

	6.	Options. 

  

	 	(a)	Number of Option Shares. On each Offering Commencement Date, each Participant shall be granted an Option to Purchase up to the number of shares of Common Stock equal to the
number determined by dividing Two Thousand Four Hundred and 00/100 Dollars ($2,400.00) (or such other amount designated as the payroll deduction limit for such Offering) by the Purchase Price. 

  

	 	(b)	Purchase Price. The Purchase Price shall be an amount not less than the lower of: 

  

	 	(i)	85% of the closing bid price per share of the Common Stock as listed on the New York Stock Exchange on the last business day preceding the grant of such Option; or

  

	 	(ii)	85% of the closing bid price per share of the Common Stock as listed on the New York Stock Exchange on the last business day preceding the exercise of such Option.

  

	 	(c)	Maximum Shares Issuable Under the Plan. The maximum number of shares of Common Stock issuable under the Plan pursuant to Options to buy shares of Common Stock is 700,000
subject to adjustments pursuant to Section 9. Shares of Common Stock issued pursuant to the Plan may be either authorized but unissued shares or shares held in the treasury of the Corporation. In the event that any Option under the Plan expires
unexercised or is terminated without being exercised, in whole or in part, for any reason, the number of shares theretofore subject to such Option or the unexercised or terminated portion thereof, shall be added to the remaining number of shares of
Common Stock available for grant as an Option under the Plan upon such terms and conditions as the Compensation Committee shall determine, which terms may be more or less favorable than those applicable to such former Option.

  

	7.	Exercise of Option. 

  

	 	(a)	Automatic Exercise. Unless a Participant gives written notice of withdrawal to the Corporation, the Participant’s Option for the purchase of shares of Common Stock with
payroll deductions made during any Offering will be deemed to have been exercised automatically on the Offering Termination Date applicable to such Offering, for the purchase of the number of shares of Common Stock that the accumulated payroll
deductions, not to exceed Two Thousand Four Hundred and 00/100 Dollars ($2,400.00) (or such other amount designated as the payroll deduction limit for such Offering), credited to his or her account at that time will purchase at the applicable
Purchase Price (but not in excess of the number of shares for which Options have been granted to the Employee), and subject to Section 7(c), any excess in his account at that time will be returned to him. An Option may be exercised only by a
Participant during his or her lifetime or by a beneficiary within ninety (90) days of the date of death of the Participant. 

  

	 	(b)	 Withdrawal From Account. A Participant who is not subject to Section 16 of the Exchange Act may withdraw from the Plan, in whole but not in part, at any
time by delivering written notice to the Corporation’s authorized representative 

  

 Page 4 

	 	 
indicating such participant’s intent to withdraw. A Participant subject to Section 16 of the Exchange Act may not voluntarily withdraw during an
Offering. Upon withdrawal by a Participant, the Corporation will promptly refund the entire balance of a Participant’s deductions accumulated during the year. A Participant who withdraws from the Plan may reenter for a subsequent Offering by
completing a Participation Agreement and delivering it to an authorized representative of the Corporation in accordance with Section 5 at least ten (10) days prior to an Offering Commencement Date. 

  

	 	(c)	Fractional Shares. Fractional shares of Common Stock will be issued under the Plan to the extent it is practicable. 

  

	 	(d)	Delivery of Shares of Common Stock. As soon as practicable after the Offering Termination Date of each Offering, the Corporation will purchase the shares of Common Stock
issued upon exercise of the Option and place such shares of Common Stock in an account in the name of the Participant. 

  

	8.	Transferability. No Option may be transferred, assigned, pledged or hypothecated (other than to the laws of descent and distribution), and no Option shall be subject to
execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of an Option or levy of attachment or similar process upon the Option not specifically permitted herein shall be null and void
and without effect. 

  

	9.	Adjustment Provisions. The aggregate number of shares of Common Stock with respect to which Options may be granted, the aggregate number of shares of Common Stock subject to
each outstanding Option, and the Purchase Price with respect to an Option, may all be appropriately adjusted as the Compensation Committee may determine for any increase or decrease in the number of shares of issued Common Stock resulting from a
subdivision or consolidation of shares, whether through organization, recapitalization, stock split, stock distribution, combination of shares, or the payment of a share dividend or other increase in the number of such shares outstanding effected
without receipt of consideration by the Corporation. Adjustments under this Section 9 shall be made in the sole discretion of the Compensation Committee, and its decision shall be binding and conclusive. 

  

	10.	Dissolution, Merger and Consolidation. Upon the dissolution or liquidation of the Corporation, or upon a merger or consolidation of the Corporation in which the Corporation
is not the surviving corporation, each Option granted hereunder shall expire as of the effective date of such transaction; provided, however, that the Compensation Committee shall give at least thirty (30) days prior written notice of such
event to each Participant during which time he or she shall have the right to exercise his or her wholly or partially unexercised Option and, subject to prior expiration pursuant to Section 12(a) or (b), each Option shall be exercisable after
receipt of such written notice and prior to the effective date of such transaction. 

  

	11.	Effective Date. The Plan shall become effective on September 16, 2008. 

  

 Page 5 

	12.	Termination of Employment. Notwithstanding anything contained herein to the contrary, each Option shall expire on the earlier of: 

  

	 	(a)	the expiration of ninety (90) days commencing with the death of the Participant; 

  

	 	(b)	the expiration of ninety (90) days commencing with the date that the employment of the Participant with the Corporation terminates for any reason; or 

 

	 	(c)	the applicable Offering Termination Date. 

 Upon expiration
of any Option prior to the applicable Offering Termination Date, any payroll deductions credited to the Participant under the Plan shall be promptly returned to the Participant or his beneficiary in the event of his death, without interest.

  

	13.	Miscellaneous.  

  

	 	(a)	Legal and Other Requirements. The obligations of the Corporation to sell and deliver shares of Common Stock under the Plan shall be subject to all applicable laws,
regulations, rules and approvals, if deemed necessary or appropriate by the Corporation. Certificates for shares of Common Stock issued hereunder may contain a legend as the Compensation Committee deems appropriate. 

  

	 	(b)	No Obligation to Exercise Options. The granting of an Option shall impose no obligation upon a Participant to exercise such Option. 

  

	 	(c)	Termination and Amendment of Plan. The Compensation Committee, without further action on the part of the shareholders of the Corporation, may from time to time alter, amend
or suspend the Plan or any Option granted hereunder or may, at any time, terminate the Plan, except that, unless approved by the shareholders in accordance with Section 11, it may not; 

  

	 	(i)	change the total number of shares of Common Stock authorized to be issued under the Plan; or 

  

	 	(ii)	change the class of employees eligible to be granted Options under the Plan. No action taken by the Compensation Committee under this Section may materially and adversely affect any
outstanding Option without the consent of the holder thereof. 

  

	 	(d)	Application of Funds. The proceeds received by the Corporation from the sale of shares of Common Stock pursuant to Options will be used for general corporate purposes.

  

	 	(e)	Right to Terminate Employment. Nothing in the Plan or any agreement entered into pursuant to the Plan shall confer upon any Employee or Participant the right to continue in
the employment of the Corporation or affect any right which the Corporation may have to terminate the employment of such Employee or Participant. 

  

	 	(f)	Right as a Shareholder. No Participant shall have any rights or privileges as a shareholder in shares of Common Stock covered by an Option until such Option has been
exercised. 

  

 Page 6 

	 	(g)	Leaves of Absence and Disability. A Participant shall continue to be treated as an Employee for all purposes of the Plan during the first ninety (90) days of any leave
of absence, whether such leave is with or without pay. Upon expiration of such ninety (90) day period, unless a Participant has resumed employment as an Employee, his employment for purposes of the Plan shall be deemed to terminate on such
date. During the first ninety (90) days of leave of absence the Participant shall continue to have all rights otherwise provided pursuant to the Plan and the additional right to supplement the payroll deductions (if any) made during such period
with out-of-pocket payments to the extent necessary to continue his Plan election in effect for the applicable Offering. 

  

	 	(h)	Notices. Every direction, revocation, or notice authorized or required by the Plan shall be deemed delivered to the Corporation: (A) on the date it is personally
delivered to the Secretary of the Corporation at its principal executive offices; or (B) three business days after it is sent by registered or certified mail, postage prepaid, addressed to the Secretary at such offices; and shall be deemed
delivered to a Participant: (1) on the date it is personally delivered to him or her, or (2) three (3) business days after it is sent by registered or certified mail, postage prepaid, addressed to him or her at the last address shown
for him or her on the records of the Corporation. 

  

	 	(i)	Applicable Law. All questions pertaining to the validity, construction and administration of the Plan granted hereunder shall be determined in conformity with the laws of the
State of Tennessee. 

  

	 	(j)	Limitations on Sale of Shares of Common Stock Purchased Under the Plan. The Plan is intended to provide shares of Common Stock for long-term investment. The Corporation does
not, however, intend to restrict or influence any Employee in the conduct of his or her own affairs. An Employee may, therefore, sell shares of Common Stock purchased under the Plan at any time he or she chooses; provided, however, that because of
certain federal income tax requirements each Employee will agree by entering the Plan to give the Corporation prompt notice of any such shares of Common Stock disposed of within two (2) years after the date of grant of the applicable Option
showing the number of such shares disposed of. An appropriate legend requiring such notice shall be placed on the certificate of Common Stock issued hereunder. The Employee assumes the risk of any market fluctuations in price of such shares of
Common Stock. 

 Officers and directors should note that, pursuant to federal securities laws, certain restrictions apply to the
number of shares of Common Stock he or she may sell, the manner of sale, and the timing of sales with respect to the resale of shares acquired under the Plan; therefore, officers and directors must consult with the office of the Senior Vice
President of Investor Relations prior to any such sales. 
 [Remainder of Page Intentionally Blank; Signature Page Follows.]

  

 Page 7 

 IN WITNESS WHEREOF, the Corporation has adopted the foregoing instrument as of September 16, 2008.

  

	
	SAKS INCORPORATED
	
	 /s/ Christine Morena

	Signature
	
	 Christine Morena, EVP -HR

	Printed Name, Title

  

	
	ATTEST:
	
	 /s/ Ron Llewellyn

	Signature
	
	 Ron Llewellyn, Secretary

	Printed Name, Title

  

 Page 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}]]