Document:

Stock Restriction Agreement - 11/7/02 - McCanne

 Exhibit 10.23 
 STOCK RESTRICTION AGREEMENT 
 THIS
STOCK RESTRICTION AGREEMENT is entered into as of November 7, 2002, by and among NBT Technology, Inc., a Delaware corporation (the “Company”), Steven McCanne (“McCanne”) and
Steven McCanne and Tamara R. White, Trustees of the McCanne Family Trust dated July 8, 2002 and successor Trustees thereunder (the “Stockholder”). 
 RECITALS 
 WHEREAS, the Company and McCanne entered into that certain Stock Purchase
Agreement dated as of May 23, 2002 (the “Stock Purchase Agreement”) pursuant to which McCanne purchased five million (5,000,000) shares of Common Stock of the Company (the “Purchased Shares”) at $0.001 per Share (the
“Purchase Price”) for an aggregate purchase price of five thousand dollars ($5,000.00); and 
 WHEREAS, pursuant to the Stock
Purchase Agreement, the Purchased Shares were fully vested and not subject to repurchase by the Company; and 
 WHEREAS, McCanne transferred
the Purchased Shares to the Stockholder pursuant to that certain Stock Transfer Agreement, dated October 4, 2002, by and among the Company, McCanne and the Stockholder; and 
 WHEREAS, in order to induce certain investors to purchase shares of Series A Preferred Stock of the Company, the Stockholder hereby agrees to the
imposition of contractual restrictions with respect to the Purchased Shares, and the Stockholder and the Company hereby agree that this Agreement shall govern the right of the Company to repurchase the Purchased Shares under the circumstances
specified herein; and 
 WHEREAS, capitalized terms not defined above are defined in Section 9 of this Agreement. 
 NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties hereby agree as follows: 
 SECTION 1. RIGHT OF REPURCHASE. 
 (a) Scope of
Repurchase Right. Until they vest in accordance with Subsection (b) below, the Purchased Shares shall be Restricted Shares and shall be subject to the Company’s Right of Repurchase. The Company, however, may decline to exercise its
Right of Repurchase or may exercise its Right of Repurchase with respect to a portion of the Restricted Shares. The Company may exercise its Right of Repurchase only during the Repurchase Period following the termination of McCanne’s Service.
The Right of Repurchase may be exercised automatically under Subsection (d) below. If the Right of Repurchase is exercised, the Company shall pay the Stockholder an amount equal to the Purchase Price for each of the Restricted Shares being
repurchased. 

 (b) Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the first 25%
of the Purchased Shares when McCanne completes 12 months of continuous Service after the Vesting Commencement Date. The Right of Repurchase shall lapse with respect to an additional 2.0833% of the Purchased Shares when McCanne completes each
month of continuous Service thereafter. In addition, provided that McCanne continues Service with the Company, the Right of Repurchase shall lapse on an accelerated basis as set forth below: 
 (i) If McCanne dies or his Service is terminated by the Company without Cause within the first 12 months of Service measured from the
Vesting Commencement Date, then the Right of Repurchase shall lapse with respect to 25% of the Purchased Shares. 
 (ii) If
the Company is subject to a Change in Control, then the Right of Repurchase shall lapse with respect to an additional 25% of the Purchased Shares and the remaining Restricted Shares shall continue to vest in monthly installments as set forth under
Section 1(b) above. 
 (iii) If McCanne is subject to an Involuntary Termination within 12 months following such Change
in Control, then in addition to the acceleration set forth under subsection (ii) above, the Right of Repurchase shall lapse with respect to an additional 25% of the Purchased Shares. 
 (c) Escrow. Upon execution of this Agreement, the certificate(s) for Restricted Shares shall be deposited in escrow with the Company to be held in
accordance with the provisions of this Agreement. Any additional or exchanged securities or other property described in Subsection (f) below shall immediately be delivered to the Company to be held in escrow. All ordinary cash dividends on
Restricted Shares (or on other securities held in escrow) shall be paid directly to the Stockholder and shall not be held in escrow. Restricted Shares, together with any other assets held in escrow under this Agreement, shall be (i) surrendered
to the Company for repurchase upon exercise of the Right of Repurchase or the Right of First Refusal or (ii) released to the Stockholder upon request to the extent that the Purchased Shares have ceased to be Restricted Shares (but not more
frequently than once every six months). In any event, all Purchased Shares that have ceased to be Restricted Shares, together with any other vested assets held in escrow under this Agreement, shall be released within 180 days after the earlier of
(i) the termination of McCanne’s Service or (ii) the lapse of the Right of First Refusal. 
 (d) Exercise of Repurchase
Right. The Company shall be deemed to have exercised its Right of Repurchase automatically for all Restricted Shares as of the commencement of the Repurchase Period, unless the Company during the Repurchase Period notifies the holder of the
Restricted Shares pursuant to Section 6 that it will not exercise its Right of Repurchase for some or all of the Restricted Shares. During the Repurchase Period, the Company shall pay to the holder of the Restricted Shares the purchase price
determined under Subsection (a) above for the Restricted Shares being repurchased. Payment shall be made in 

 
cash or cash equivalents and/or by canceling indebtedness to the Company incurred by the Stockholder in the purchase of the Restricted Shares. The
certificate(s) representing the Restricted Shares being repurchased shall be delivered to the Company properly endorsed for transfer. 
 (e)
Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 1 and the Company makes available the consideration for the Restricted Shares being repurchased, then the person from whom the
Restricted Shares are repurchased shall no longer have any rights as a holder of the Restricted Shares (other than the right to receive payment of such consideration). Such Restricted Shares shall be deemed to have been repurchased pursuant to this
Section 1, whether or not the certificate(s) for such Restricted Shares have been delivered to the Company or the consideration for such Restricted Shares has been accepted. 
 (f) Additional or Exchanged Securities and Property. In the event of a merger or consolidation of the Company with or into another entity, any
other corporate reorganization, a stock split, the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, an adjustment in conversion ratio, a recapitalization or a similar
transaction affecting the Company’s outstanding securities, any securities or other property (including cash or cash equivalents) that are by reason of such transaction exchanged for, or distributed with respect to, any Restricted Shares shall
immediately be subject to the Right of Repurchase. Appropriate adjustments to reflect the exchange or distribution of such securities or property shall be made to the number and/or class of the Restricted Shares. Appropriate adjustments shall also
be made to the price per share to be paid upon the exercise of the Right of Repurchase, provided that the aggregate purchase price payable for the Restricted Shares shall remain the same. In the event of a merger or consolidation of the Company with
or into another entity or any other corporate reorganization, the Right of Repurchase may be exercised by the Company’s successor. 
 (g) Transfer of Restricted Shares. The Stockholder shall not transfer, assign, encumber or otherwise dispose of any Restricted Shares without the Company’s written consent, except as provided in the following sentence. The
Stockholder may transfer Restricted Shares to one or more members of McCanne’s Immediate Family or to a trust established by the Stockholder or McCanne for the benefit of McCanne and/or one or more members of McCanne’s Immediate Family,
provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Stockholder transfers any Restricted Shares, then this Agreement shall apply to the Transferee
to the same extent as to the Stockholder. 
 (h) Assignment of Repurchase Right. The Board of Directors may freely assign the
Company’s Right of Repurchase, in whole or in part. Any person who accepts an assignment of the Right of Repurchase from the Company shall assume all of the Company’s rights and obligations under this Section 1. 

 SECTION 2. SUCCESSORS AND ASSIGNS. 
 Except as otherwise expressly provided to the contrary, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and be binding upon the
Stockholder and the Stockholder’s legal representatives, heirs, legatees, distributees, assigns and transferees by operation of law, whether or not any such person has become a party to this Agreement or has agreed in writing to join herein and
to be bound by the terms, conditions and restrictions hereof. 
 SECTION 3. NO RETENTION RIGHTS. 
 Nothing in this Agreement shall confer upon McCanne 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 Parent or Subsidiary employing or retaining McCanne) or of McCanne, which rights are hereby expressly reserved by each, to terminate his Service at any time and for any reason, with or without
cause. 
 SECTION 4. TAX ELECTION. 
 The
imposition of the Right of Repurchase under this Agreement may result in adverse tax consequences that may be avoided or mitigated by filing an election under Code Section 83(b). Such election may be filed only within 30 days after the date of
this Agreement. The form for making the Code Section 83(b) election is attached to this Agreement as Exhibit I. McCanne should consult with his tax advisor to determine the tax consequences of executing this Agreement and the advantages
and disadvantages of filing the Code Section 83(b) election. McCanne acknowledges that it is his sole responsibility, and not the Company’s, to file a timely election under Code Section 83(b), even if McCanne requests the Company or
its representatives to make this filing on his behalf. 
 SECTION 5. LEGEND. 
 All certificates evidencing Restricted Shares shall bear the following legend (in addition to any legend(s) required by the Stock Purchase Agreement or
applicable law): 
 “THE SHARES REPRESENTED HEREBY MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED OR IN ANY MANNER DISPOSED OF,
EXCEPT IN COMPLIANCE WITH THE TERMS OF A WRITTEN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OF THE SHARES (OR THE PREDECESSOR IN INTEREST TO THE SHARES). SUCH AGREEMENT GRANTS TO THE COMPANY CERTAIN REPURCHASE RIGHTS UPON TERMINATION OF
SERVICE WITH THE COMPANY. THE SECRETARY OF THE COMPANY WILL UPON WRITTEN REQUEST FURNISH A COPY OF SUCH AGREEMENT TO THE HOLDER HEREOF WITHOUT CHARGE.” 

 SECTION 6. NOTICE. 
 Any notice required by the terms of this Agreement shall be given in writing. It shall be deemed effective upon (i) personal delivery, (ii) deposit with the United States Postal Service, by registered or
certified mail, with postage and fees prepaid or (iii) deposit with Federal Express Corporation, with shipping charges prepaid. Notice shall be addressed to the Company at its principal executive office and to McCanne or the Stockholder at the
address most recently provided to the Company in accordance with this Section 6. 
 SECTION 7. ENTIRE AGREEMENT. 
 This Agreement and the Stock Purchase Agreement constitute the entire contract between the parties hereto with regard to the subject matter hereof. It
supersedes any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof. Except as otherwise set forth herein, the terms and conditions of the Stock
Purchase Agreement shall continue in full force and effect. 
 SECTION 8. CHOICE OF LAW. 
 This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, as such laws are applied to contracts entered
into and performed in such State. 
 SECTION 9. DEFINITIONS. 
 (a) “Agreement” shall mean this Stock Restriction Agreement. 
 (b) “Cause”
shall mean: 
 (i) McCanne’s violation of a federal of state law or regulation applicable to the Company’s business
which violation was or is reasonably likely to be materially injurious to the Company; 
 (ii) McCanne committing any act of
dishonesty, fraud or misrepresentation that is materially injurious to the Company or its affiliates; 
 (iii) An unauthorized
use or disclosure by McCanne of the Company’s confidential information or trade secrets, which use or disclosure causes material harm to the Company; 
 (iv) A deliberate and material failure by McCanne to comply with the Company’s written policies or rules as they pertain to the performance of his duties; 
 (v) McCanne’s conviction of, or plea of “guilty” or “no contest” to, a felony under the laws of the United States
or any state thereof; 

 (vi) McCanne’s gross misconduct; or 
 (vii) A continued failure by McCanne to perform assigned duties after receiving written notification of such failure from the Board of
Directors, provided that such duties are those customarily performed by McCanne, and provided further that this clause (vii) shall not be satisfied solely due to the Board of Directors’ dissatisfaction with the quality of the services
provided by McCanne. 
 (c) “Change in Control” shall mean (i) the consummation of a merger or consolidation of the
Company with or into another entity or (ii) the dissolution, liquidation or winding up of the Company. The foregoing notwithstanding, a merger or consolidation of the Company shall not constitute a “Change in Control” if immediately
after such merger or consolidation a majority of the voting power of the capital stock of the continuing or surviving entity, or any direct or indirect parent corporation of such continuing or surviving entity, will be owned by the persons who were
the Company’s stockholders immediately prior to such merger or consolidation in substantially the same proportions as their ownership of the voting power of the Company’s capital stock immediately prior to such merger or consolidation.
Additionally, a transaction shall not constitute a Change in Control if its sole purpose is to change the state of this corporation’s incorporation or to create a holding company that will be owned in substantially the same proportions by the
persons who held this corporation’s securities immediately prior to such transaction. 
 (d) “Code” shall mean the
Internal Revenue Code of 1986, as amended. 
 (e) “Consultant” shall mean a person who performs bona fide services for the
Company, a Parent or a Subsidiary as a consultant or advisor, excluding Employees and Outside Directors. 
 (f) “Employee”
shall mean any individual who is a common-law employee of the Company, a Parent or a Subsidiary. 
 (g) “Immediate Family”
shall mean any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in- law, brother-in-law or sister-in-law and shall include adoptive relationships. 
 (h) “Involuntary Termination” shall mean the termination of McCanne’s Service by reason of: 
 (i) The involuntary discharge of McCanne by the Company (or the Parent or Subsidiary employing him) for reasons other than Cause; or

 (ii) The voluntary resignation of McCanne following (A) a change in McCanne’s position with the Company (or the
Parent or Subsidiary employing him) that materially reduces his level of authority or responsibility, (B) a reduction in McCanne’s base salary by more than 10% (unless such reduction affects all similarly situated employees of the Company
in an equal manner) or (C) receipt of notice that McCanne’s principal workplace will be relocated more than 35 miles. 

 (i) “Outside Director” shall mean a member of the Company’s Board of Directors who
is not an Employee. 
 (j) “Parent” shall mean any corporation (other than the Company) in an unbroken chain of corporations
ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
 (k) “Repurchase Period” shall mean a period of 180 consecutive days commencing on the date McCanne’s Service terminates for any
reason, including (without limitation) death or disability. 
 (l) “Restricted Share” shall mean a Purchased Share that is
subject to the Right of Repurchase. 
 (m) “Right of First Refusal” shall mean the Company’s right of first refusal
described in the Stock Purchase Agreement or the First Refusal and Co-Sale Agreement dated November 7, 2002, whichever is applicable. 
 (n) “Right of Repurchase” shall mean the Company’s right of repurchase described in Section 1. 
 (o)
“Service” shall mean service as an Employee or Consultant. 
 (p) “Share” shall mean one share of Stock.

 (q) “Stock” shall mean the Common Stock of the Company, with a par value of $0.0001 per Share. 
 (r) “Subsidiary” shall mean any corporation (other than the Company) in an If unbroken chain of corporations beginning with the Company,
if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
 (s) “Transferee” shall mean any person to whom the Stockholder has directly or indirectly transferred a Purchased Share. 
 (t) “Vesting Commencement Date” shall mean May 1, 2002. 

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

			
	NBT TECHNOLOGY, INC.
		
	By:	 	 /s/ Jerry Kennelly

	Name:	 	 Jerry Kennelly

	Title:	 	 CEO

  

	
	Address:
	139 Townsend Street, 3rd Floor
	San Francisco, CA 94107
	
	 /s/ Steven McCanne

	Steven McCanne
	
	Address:
	
	
	STOCKHOLDER:
	
	 /s/ Steven McCanne

	Steven McCanne and Tamara R. White, Trustees of the McCanne Family Trust dated July 8, 2002 and Survivor Trustees thereunder
	
	Address:
	

 EXHIBIT I 
 SECTION 83(b) ELECTION 
 This statement is made under
Section 83(b) of the Internal Revenue Code of 1986, as amended, pursuant to Treasury Regulations Section 1.83-2. 
  

	(1)	The taxpayer who performed the services is: 

 Name: Steven
McCanne 
 Address: 
 Social
Security No.: 
  

	(2)	The property with respect to which the election is made is
                     shares of the common stock of NBT Technology, Inc. 

  

	(3)	The property was transferred on November     , 2002. 

  

	(4)	The taxable year for which the election is made is the calendar year 2002. 

  

	(5)	The property is subject to a repurchase right pursuant to which the issuer has the right to acquire the property at the original purchase price if for any reason taxpayer’s
service with the issuer is terminated. The issuer’s repurchase right lapses in a series of installments over a four-year period ending on May 1, 2006. 

  

	(6)	The fair market value of such property at the time of transfer (determined without regard to any restriction other than a restriction that, by its terms, will never lapse) is
$             per, share. 

  

	(7)	The amount paid for such property is $             per share. 

  

	(8)	A copy of this statement was furnished to NBT Technology, Inc., for whom taxpayer rendered the services underlying the transfer of such property. 

  

	(9)	This statement is executed on November     , 2002. 

  

			
	  
	  	  

	Signature of Spouse (if any)	  	Signature of Taxpayer

 Within 30 days after executing the Stock Restriction Agreement, this election must be filed with the
Internal Revenue Service Center where McCanne files his federal income tax returns. The filing should be made by registered or certified mail, return receipt requested. McCanne must (a) file a copy of the completed form with his federal tax
return for the current tax year and (b) deliver an additional copy to the Company.Notice of Stock Option Grant & Stock Option Agreement - McCanne

 Exhibit 10.24 
 RIVERBED TECHNOLOGY, INC. 2002 STOCK PLAN 
 NOTICE OF STOCK OPTION GRANT (WITH ACCELERATION) 
 You have been granted the following option to purchase shares of the Common Stock of Riverbed Technology, Inc. (the “Company”): 
  

			
	 Name of Optionee:
	  	Steven McCanne
		
	 Total Number of Shares:
	  	1,000,000
		
	 Type of Option:
	  	Nonstatutory Stock Option (NSO)
		
	 Exercise Price Per Share:
	  	$0.28
		
	 Date of Grant:
	  	May 12, 2005
		
	 Date Exercisable:
	  	This option may be exercised at any time after the Date of Grant for all or any part of the Shares subject to this option.
		
	 Vesting Commencement Date:
	  	May 12, 2005
		
	 Vesting Schedule:
	  	The Right of Repurchase shall lapse with respect to 1/48th of the Shares subject to this option when the Optionee completes each month of continuous Service after the Vesting Commencement
Date. The Right of Repurchase may lapse on an accelerated basis under Section 7(b) of the Stock Option Agreement.
		
	 Expiration Date:
	  	May 11, 2015. This option expires earlier if the Optionee’s Service terminates earlier, as provided in Section 6 of the Stock Option Agreement.

 By your signature and the signature of the Company’s representative below, you and the Company agree that
this option is granted under and governed by the terms and conditions of the 2002 Stock Plan and the Stock Option Agreement, both of which are attached to and made a part of this document. 
  

									
	OPTIONEE:	 		 	RIVERBED TECHNOLOGY, INC.
					
	  	 	/s/ Steven McCanne	 		 	 By:
	 	/s/ Randy Gottfried
					
		 		 		 	 Title:
	 	  

 THE OPTION GRANTED PURSUANT TO THIS AGREEMENT AND THE SHARES ISSUABLE UPON THE EXERCISE THEREOF HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH
REGISTRATION IS NOT REQUIRED. 
 RIVERBED TECHNOLOGY, INC. 2002 STOCK
PLAN: 
 STOCK OPTION AGREEMENT (WITH
ACCELERATION) 
 SECTION 1. GRANT OF OPTION. 
 (a) Option. On the terms and conditions set forth in the Notice of Stock Option Grant and this Agreement, the Company grants to the Optionee on the Date of Grant the option to purchase at the Exercise Price the
number of Shares set forth in the Notice of Stock Option Grant. The Exercise Price is agreed to be at least 100% of the Fair Market Value per Share on the Date of Grant (110% of Fair Market Value if Section 3(b) of the Plan applies). This
option is intended to be an ISO or an NSO, as provided in the Notice of Stock Option Grant. 
 (b) $100,000 Limitation. Even if this
option is designated as an ISO in the Notice of Stock Option Grant, it shall be deemed to be an NSO to the extent (and only to the extent) required by the $100,000 annual limitation under Section 422(d) of the Code. 
 (c) Stock Plan and Defined Terms. This option is granted pursuant to the Plan, a copy of which the Optionee acknowledges having received. The
provisions of the Plan are incorporated into this Agreement by this reference. Capitalized terms are defined in Section 14 of this Agreement. 
 SECTION 2. RIGHT TO EXERCISE. 
 (a) Exercisability. Subject to Subsection (b) below and the other conditions set
forth in this Agreement, all or part of this option may be exercised prior to its expiration at the time or times set forth in the Notice of Stock Option Grant. Shares purchased by exercising this option may be subject to the Right of Repurchase
under Section 7. 
 (b) Stockholder Approval. Any other provision of this Agreement notwithstanding, no portion of this option
shall be exercisable at any time prior to the approval of the Plan by the Company’s stockholders. 
 SECTION 3. NO TRANSFER OR ASSIGNMENT OF OPTION.

 Except as otherwise provided in this Agreement, this option and the rights and privileges conferred hereby shall not be sold, pledged
or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process. 

 SECTION 4. EXERCISE PROCEDURES. 
 (a) Notice of Exercise. The Optionee or the Optionee’s representative may exercise this option by giving written notice to the Company pursuant to Section 13(c). The notice shall specify the election
to exercise this option, the number of Shares for which it is being exercised and the form of payment. The person exercising this option shall sign the notice. In the event that this option is being exercised by the representative of the Optionee,
the notice shall be accompanied by proof (satisfactory to the Company) of the representative’s right to exercise this option. The Optionee or the Optionee’s representative shall deliver to the Company, at the time of giving the notice,
payment in a form permissible under Section 5 for the full amount of the Purchase Price. 
 (b) Issuance of Shares. After
receiving a proper notice of exercise, the Company shall cause to be issued one or more certificates evidencing the Shares for which this option has been exercised. Such Shares shall be registered (i) in the name of the person exercising this
option, (ii) in the names of such person and his or her spouse as community property or as joint tenants with the right of survivorship or (iii) with the Company’s consent, in the name of a revocable trust. In the case of Restricted
Shares, the Company shall cause such certificates to be deposited in escrow under Section 7(c). In the case of other Shares, the Company shall cause such certificates to be delivered to or upon the order of the person exercising this option.

 (c) Withholding Taxes. In the event that the Company determines that it is required to withhold any tax as a result of the exercise
of this option, the Optionee, as a condition to the exercise of this option, shall make arrangements satisfactory to the Company to enable it to satisfy all withholding requirements. The Optionee shall also make arrangements satisfactory to the
Company to enable it to satisfy any withholding requirements that may arise in connection with the vesting or disposition of Shares purchased by exercising this option. 
 SECTION 5. PAYMENT FOR STOCK. 
 (a) Cash. All or part of the Purchase Price may be paid in cash
or cash equivalents. 
 (b) Surrender of Stock. All or any part of the Purchase Price may be paid by surrendering, or attesting to the
ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date when this option is exercised. The Optionee shall not
surrender, or attest to the ownership of, Shares in payment of the Purchase Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this option for financial reporting
purposes. 
 (c) Exercise/Sale. If Stock is publicly traded, all or part of the Purchase Price and any withholding taxes may be paid
by the delivery (on a form prescribed by the Company) 

  

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of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company.

 (d) Exercise/Pledge. If Stock is publicly traded, all or part of the Purchase Price and any withholding taxes may be paid by the
delivery (on a form prescribed by the Company) of an irrevocable direction to pledge Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the loan proceeds to the Company. 

SECTION 6. TERM AND EXPIRATION. 
 (a) Basic
Term. This option shall in any event expire on the expiration date set forth in the Notice of Stock Option Grant, which date is 10 years after the Date of Grant (five years after the Date of Grant if this option is designated as an ISO in the
Notice of Stock Option Grant and Section 3(b) of the Plan applies). 
 (b) Termination of Service (Except by Death). If the
Optionee’s Service terminates for any reason other than death, then this option shall expire on the earliest of the following occasions: 
 (i) The expiration date determined pursuant to Subsection (a) above; 
 (ii) The date
three months after the termination of the Optionee’s Service for any reason other than Disability; or 
 (iii) The date
six months after the termination of the Optionee’s Service by reason of Disability. 
 The Optionee may exercise all or part of this option at any time
before its expiration under the preceding sentence, but only to the extent that this option is exercisable for vested Shares on or before the date when the Optionee’s Service terminates. When the Optionee’s Service terminates, this option
shall expire immediately with respect to the number of Shares for which this option is not yet exercisable and with respect to any Restricted Shares. In the event that the Optionee dies after termination of Service but before the expiration of this
option, all or part of this option may be exercised (prior to expiration) by the executors or administrators of the Optionee’s estate or by any person who has acquired this option directly from the Optionee by beneficiary designation, bequest
or inheritance, but only to the extent that this option was exercisable for vested Shares on or before the date when the Optionee’s Service terminated. 
 (c) Death of the Optionee. If the Optionee dies while in Service, then this option shall expire on the earlier of the following dates: 
 (i) The expiration date determined pursuant to Subsection (a) above; or 
 (ii) The date 12 months after the Optionee’s death. 
  

 3 

 All or part of this option may be exercised at any time before its expiration under the preceding sentence by the
executors or administrators of the Optionee’s estate or by any person who has acquired this option directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that this option is exercisable for vested
Shares on or before the Optionee’s death. When the Optionee dies, this option shall expire immediately with respect to the number of Shares for which this option is not yet exercisable and with respect to any Restricted Shares. 
 (d) Leaves of Absence. Except as set forth in the next sentence, for any purpose under this Agreement, Service shall be deemed to continue while
the Optionee is on a bona fide leave of absence, if such leave was approved by the Company in writing. To the extent provided under the Company’s policy governing leaves of absence, vesting shall be suspended during any leave of absence
and shall resume upon the Optionee returning to active Service. 
 (e) Notice Concerning ISO Treatment. Even if this option is
designated as an ISO in the Notice of Stock Option Grant, it ceases to qualify for favorable tax treatment as an ISO to the extent that it is exercised: 
 (i) More than three months after the date when the Optionee ceases to be an Employee for any reason other than death or permanent and total disability (as defined in Section 22(e)(3) of the Code); 
 (ii) More than 12 months after the date when the Optionee ceases to be an Employee by reason of permanent and total disability (as defined
in Section 22(e)(3) of the Code); or 
 (iii) More than three months after the date when the Optionee has been on a leave
of absence for 90 days, unless the Optionee’s reemployment rights following such leave were guaranteed by statute or by contract. 
 SECTION 7. RIGHT
OF REPURCHASE. 
 (a) Scope of Repurchase Right. Until they vest in accordance with the Notice of Stock Option Grant and
Subsection (b) below, the Shares acquired under this Agreement shall be Restricted Shares and shall be subject to the Company’s Right of Repurchase. The Company, however, may decline to exercise its Right of Repurchase or may exercise its
Right of Repurchase only with respect to a portion of the Restricted Shares. The Company may exercise its Right of Repurchase only during the Repurchase Period following the termination of the Optionee’s Service. The Right of Repurchase may be
exercised automatically under Subsection (d) below. If the Right of Repurchase is exercised, the Company shall pay the Optionee an amount equal to the Exercise Price for each of the Restricted Shares being repurchased. 
 (b) Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Restricted Shares in accordance with the vesting schedule
set forth in the Notice of Stock Option Grant. In addition, the Right of Repurchase shall lapse on an accelerated basis as follows: 
 (i) If the Company is subject to a Change in Control before the Optionee’s Service terminates, the Right of Repurchase shall lapse with respect to an additional 25% of the Shares subject to this option. 
  

 4 

 (ii) If the Optionee is subject to an Involuntary Termination within 12 months following
such Change in Control, then in addition to the acceleration set forth under subsection (i) above, the Right of Repurchase shall lapse with respect to an additional 50% of the Shares subject to this option. 
 (c) Escrow. Upon issuance, the certificate(s) for Restricted Shares shall be deposited in escrow with the Company to be held in accordance with
the provisions of this Agreement. Any additional or exchanged securities or other property described in Subsection (f) below shall immediately be delivered to the Company to be held in escrow. All ordinary cash dividends on Restricted Shares
(or on other securities held in escrow) shall be paid directly to the Optionee and shall not be held in escrow. Restricted Shares, together with any other assets held in escrow under this Agreement, shall be (i) surrendered to the Company for
repurchase upon exercise of the Right of Repurchase or the Right of First Refusal or (ii) released to the Optionee upon his or her request to the extent that the Shares have ceased to be Restricted Shares (but not more frequently than once
every six months). In any event, all Shares that have ceased to be Restricted Shares, together with any other vested assets held in escrow under this Agreement, shall be released within 90 days after the earlier of (i) the termination of the
Optionee’s Service or (ii) the lapse of the Right of First Refusal. 
 (d) Exercise of Repurchase Right. The Company shall
be deemed to have exercised its Right of Repurchase automatically for all Restricted Shares as of the commencement of the Repurchase Period, unless the Company during the Repurchase Period notifies the holder of the Restricted Shares pursuant to
Section 13(c) that it will not exercise its Right of Repurchase for some or all of the Restricted Shares. During the Repurchase Period, the Company shall pay to the holder of the Restricted Shares the purchase price determined under
Subsection (a) above for the Restricted Shares being repurchased. Payment shall be made in cash or cash equivalents and/or by canceling indebtedness to the Company incurred by the Optionee in the purchase of the Restricted Shares. The
certificate(s) representing the Restricted Shares being repurchased shall be delivered to the Company properly endorsed for transfer. 
 (e)
Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 7 and the Company makes available the consideration for the Restricted Shares being repurchased, then the person from whom the
Restricted Shares are repurchased shall no longer have any rights as a holder of the Restricted Shares (other than the right to receive payment of such consideration). Such Restricted Shares shall be deemed to have been repurchased pursuant to this
Section 7, whether or not the certificate(s) for such Restricted Shares have been delivered to the Company or the consideration for such Restricted Shares has been accepted. 
 (f) Additional or Exchanged Securities and Property. In the event of a merger or consolidation of the Company with or into another entity, any
other corporate reorganization, a stock split, the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, an adjustment in 

  

 5 

 
conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities, any securities or other property
(including cash or cash equivalents) that are by reason of such transaction exchanged for, or distributed with respect to, any Restricted Shares shall immediately be subject to the Right of Repurchase. Appropriate adjustments to reflect the exchange
or distribution of such securities or property shall be made to the number and/or class of the Restricted Shares. Appropriate adjustments shall also be made to the price per share to be paid upon the exercise of the Right of Repurchase, provided
that the aggregate purchase price payable for the Restricted Shares shall remain the same. In the event of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, the Right of Repurchase may be
exercised by the Company’s successor. 
 (g) Transfer of Restricted Shares. The Optionee shall not transfer, assign, encumber or
otherwise dispose of any Restricted Shares without the Company’s written consent, except as provided in the following sentence. The Optionee may transfer Restricted Shares to one or more members of the Optionee’s Immediate Family or to a
trust or partnership established by the Optionee for the benefit of the Optionee and/or one or more members of the Optionee’s Immediate Family, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to
be bound by all provisions of this Agreement. If the Optionee transfers any Restricted Shares, then this Agreement shall apply to the Transferee to the same extent as to the Optionee. 
 (h) Assignment of Repurchase Right. The Board of Directors may freely assign the Company’s Right of Repurchase, in whole or in part. Any
person who accepts an assignment of the Right of Repurchase from the Company shall assume all of the Company’s rights and obligations under this Section 7. 
 SECTION 8. RIGHT OF FIRST REFUSAL. 
 (a) Right of First Refusal. In the event that the Optionee
proposes to sell, pledge or otherwise transfer to a third party any Shares acquired under this Agreement, or any interest in such Shares, the Company shall have the Right of First Refusal with respect to all (and not less than all) of such Shares.
If the Optionee desires to transfer Shares acquired under this Agreement, the Optionee shall give a written Transfer Notice to the Company describing fully the proposed transfer, including the number of Shares proposed to be transferred, the
proposed transfer price, the name and address of the proposed Transferee and proof satisfactory to the Company that the proposed sale or transfer will not violate any applicable federal or state securities laws. The Transfer Notice shall be signed
both by the Optionee and by the proposed Transferee and must constitute a binding commitment of both parties to the transfer of the Shares. The Company shall have the right to purchase all, and not less than all, of the Shares on the terms of the
proposal described in the Transfer Notice (subject, however, to any change in such terms permitted under Subsection (b) below) by delivery of a notice of exercise of the Right of First Refusal within 30 days after the date when the Transfer
Notice was received by the Company. 
 (b) Transfer of Shares. If the Company fails to exercise its Right of First Refusal within
30 days after the date when it received the Transfer Notice, the Optionee may, not later than 90 days following receipt of the Transfer Notice by the Company, conclude a transfer 

  

 6 

 
of the Shares subject to the Transfer Notice on the terms and conditions described in the Transfer Notice, provided that any such sale is made in compliance
with applicable federal and state securities laws and not in violation of any other contractual restrictions to which the Optionee is bound. Any proposed transfer on terms and conditions different from those described in the Transfer Notice, as well
as any subsequent proposed transfer by the Optionee, shall again be subject to the Right of First Refusal and shall require compliance with the procedure described in Subsection (a) above. If the Company exercises its Right of First Refusal,
the parties shall consummate the sale of the Shares on the terms set forth in the Transfer Notice within 60 days after the date when the Company received the Transfer Notice (or within such longer period as may have been specified in the
Transfer Notice); provided, however, that in the event the Transfer Notice provided that payment for the Shares was to be made in a form other than cash or cash equivalents paid at the time of transfer, the Company shall have the option of paying
for the Shares with cash or cash equivalents equal to the present value of the consideration described in the Transfer Notice. 
 (c)
Additional or Exchanged Securities and Property. In the event of a merger or consolidation of the Company with or into another entity, any other corporate reorganization, a stock split, the declaration of a stock dividend, the declaration of
an extraordinary dividend payable in a form other than stock, a spin-off, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities, any securities or other property (including
cash or cash equivalents) that are by reason of such transaction exchanged for, or distributed with respect to, any Shares subject to this Section 8 shall immediately be subject to the Right of First Refusal. Appropriate adjustments to reflect
the exchange or distribution of such securities or property shall be made to the number and/or class of the Shares subject to this Section 8. 
 (d) Termination of Right of First Refusal. Any other provision of this Section 8 notwithstanding, in the event that the Stock is readily tradable on an established securities market when the Optionee desires to transfer Shares,
the Company shall have no Right of First Refusal, and the Optionee shall have no obligation to comply with the procedures prescribed by Subsections (a) and (b) above. 
 (e) Permitted Transfers. This Section 8 shall not apply to (i) a transfer by beneficiary designation, will or intestate succession or
(ii) a transfer to one or more members of the Optionee’s Immediate Family or to a trust or partnership established by the Optionee for the benefit of the Optionee and/or one or more members of the Optionee’s Immediate Family, provided
in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Optionee transfers any Shares acquired under this Agreement, either under this Subsection (e) or
after the Company has failed to exercise the Right of First Refusal, then this Agreement shall apply to the Transferee to the same extent as to the Optionee. 
 (f) Termination of Rights as Stockholder. If the Company makes available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be purchased in
accordance with this Section 8, then after such time the person from whom such Shares are to be purchased shall no longer have any rights as a holder of such Shares (other than the right to receive payment of such consideration in accordance
with this 

  

 7 

 
Agreement). Such Shares shall be deemed to have been purchased in accordance with the applicable provisions hereof, whether or not the certificate(s)
therefor have been delivered as required by this Agreement. 
 (g) Assignment of Right of First Refusal. The Board of Directors may
freely assign the Company’s Right of First Refusal, in whole or in part. Any person who accepts an assignment of the Right of First Refusal from the Company shall assume all of the Company’s rights and obligations under this
Section 8. 
 SECTION 9. LEGALITY OF INITIAL ISSUANCE. 
 No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: 
 (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; 
 (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and

 (c) Any other applicable provision of federal, state or foreign law has been satisfied. 
 SECTION 10. NO REGISTRATION RIGHTS. 
 The Company may,
but shall not be obligated to, register or qualify the sale of Shares under the Securities Act or any other applicable law. The Company shall not be obligated to take any affirmative action in order to cause the sale of Shares under this Agreement
to comply with any law. 
 SECTION 11. RESTRICTIONS ON TRANSFER. 
 (a) Securities Law Restrictions. Regardless of whether the offering and sale of Shares under the Plan have been registered under the Securities Act or have been registered or qualified under the securities laws
of any state, the Company at its discretion may impose restrictions upon the sale, pledge or other transfer of such Shares (including the placement of appropriate legends on stock certificates or the imposition of stop-transfer instructions) if, in
the judgment of the Company, such restrictions are necessary or desirable in order to achieve compliance with the Securities Act, the securities laws of any state or any other law. 
 (b) Market Stand-Off. In connection with any underwritten public offering by the Company of its equity securities pursuant to an effective
registration statement filed under the Securities Act, including the Company’s initial public offering, the Optionee or a Transferee shall not directly or indirectly sell, make any short sale of, loan, hypothecate, pledge, offer, grant or sell
any option or other contract for the purchase of, purchase any option or other contract for the sale of, or otherwise dispose of or transfer, or agree to engage in any of the foregoing transactions with respect to, any Shares acquired under this
Agreement without the prior written 

  

 8 

 
consent of the Company or its underwriters. Such restriction (the “Market Stand-Off”) shall be in effect for such period of time following the date
of the final prospectus for the offering as may be requested by the Company or such underwriters. In no event, however, shall such period exceed 180 days. The Market Stand-Off shall in any event terminate two years after the date of the
Company’s initial public offering. In the event of the declaration of a stock dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding
securities without receipt of consideration, any new, substituted or additional securities which are by reason of such transaction distributed with respect to any Shares subject to the Market Stand-Off, or into which such Shares thereby become
convertible, shall immediately be subject to the Market Stand-Off. In order to enforce the Market Stand-Off, the Company may impose stop-transfer instructions with respect to the Shares acquired under this Agreement until the end of the applicable
stand-off period. The Company’s underwriters shall be beneficiaries of the agreement set forth in this Subsection (b). This Subsection (b) shall not apply to Shares registered in the public offering under the Securities Act.

 (c) Investment Intent at Grant. The Optionee represents and agrees that the Shares to be acquired upon exercising this option will
be acquired for investment, and not with a view to the sale or distribution thereof. 
 (d) Investment Intent at Exercise. In the
event that the sale of Shares under the Plan is not registered under the Securities Act but an exemption is available which requires an investment representation or other representation, the Optionee shall represent and agree at the time of exercise
that the Shares being acquired upon exercising this option are being acquired for investment, and not with a view to the sale or distribution thereof, and shall make such other representations as are deemed necessary or appropriate by the Company
and its counsel. 
 (e) Legends. All certificates evidencing Shares purchased under this Agreement shall bear the following legend:

 “THE SHARES REPRESENTED HEREBY MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED OR IN ANY MANNER DISPOSED OF, EXCEPT IN COMPLIANCE
WITH THE TERMS OF A WRITTEN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OF THE SHARES (OR THE PREDECESSOR IN INTEREST TO THE SHARES). SUCH AGREEMENT GRANTS TO THE COMPANY CERTAIN RIGHTS OF FIRST REFUSAL UPON AN ATTEMPTED TRANSFER OF THE
SHARES AND CERTAIN REPURCHASE RIGHTS UPON TERMINATION OF SERVICE WITH THE COMPANY. THE SECRETARY OF THE COMPANY WILL UPON WRITTEN REQUEST FURNISH A COPY OF SUCH AGREEMENT TO THE HOLDER HEREOF WITHOUT CHARGE.” 
  

 9 

 All certificates evidencing Shares purchased under this Agreement in an unregistered transaction shall bear the following
legend (and such other restrictive legends as are required or deemed advisable under the provisions of any applicable law): 
 “THE
SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY
TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.” 
 (f) Removal of Legends. If, in the opinion of the
Company and its counsel, any legend placed on a stock certificate representing Shares sold under this Agreement is no longer required, the holder of such certificate shall be entitled to exchange such certificate for a certificate representing the
same number of Shares but without such legend. 
 (g) Administration. Any determination by the Company and its counsel in connection
with any of the matters set forth in this Section 11 shall be conclusive and binding on the Optionee and all other persons. 
 SECTION 12. ADJUSTMENT
OF SHARES. 
 In the event of any transaction described in Section 8(a) of the Plan, the terms of this option (including, without
limitation, the number and kind of Shares subject to this option and the Exercise Price) shall be adjusted as set forth in Section 8(a) of the Plan. In the event that the Company is a party to a merger or consolidation, this option shall be
subject to the agreement of merger or consolidation, as provided in Section 8(b) of the Plan. 
 SECTION 13. MISCELLANEOUS PROVISIONS.

 (a) Rights as a Stockholder. Neither the Optionee nor the Optionee’s representative shall have any rights as a stockholder
with respect to any Shares subject to this option until the Optionee or the Optionee’s representative becomes entitled to receive such Shares by filing a notice of exercise and paying the Purchase Price pursuant to Sections 4 and 5.

 (b) No Retention Rights. Nothing in this option or in the Plan shall confer upon the Optionee 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 Parent or Subsidiary employing or retaining the Optionee) or of the Optionee, 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. 
 (c) Notice. Any notice required by the terms of
this Agreement shall be given in writing. It shall be deemed effective upon (i) personal delivery, (ii) deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid or (iii) deposit
with Federal Express Corporation, with shipping charges prepaid. Notice shall be addressed to the Company at its principal executive office and to the Optionee at the address that he or she most recently provided to the Company in accordance with
this Subsection (c). 
 (d) Entire Agreement. The Notice of Stock Option Grant, this Agreement and the Plan constitute the entire
contract between the parties hereto with regard to the subject 

  

 10 

 
matter hereof. They supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate
to the subject matter hereof. 
 (e) Choice of Law. This Agreement shall be governed by, and construed in accordance with, the laws of
the State of Delaware, as such laws are applied to contracts entered into and performed in such State. 
 SECTION 14. DEFINITIONS. 
 (a) “Agreement” shall mean this Stock Option Agreement. 
 (b) “Board of Directors” shall mean the Board of Directors of the Company, as constituted from time to time or, if a Committee has been appointed, such Committee. 
 (c) “Cause” shall mean: 
 (i) Optionee’s violation of a federal or state law or regulation applicable to the Company’s business which violation was or is reasonably likely to be materially injurious to the Company; 
 (ii) Optionee committing any act of dishonesty, fraud or misrepresentation that is materially injurious to the Company or its affiliates;

 (iii) An unauthorized use or disclosure by Optionee of the Company’s confidential information or trade secrets, which
use or disclosure causes material harm to the Company; 
 (iv) A deliberate and material failure by Optionee to comply with
the Company’s written policies or rules as they pertain to the performance of his duties; 
 (v) Optionee’s
conviction of, or plea of “guilty” or “no contest” to, a felony under the laws of the United States or any state thereof; 
 (vi) Optionee’s gross misconduct; or 
 (vii) A continued failure by Optionee to perform
assigned duties after receiving written notification of such failure from the Board of Directors, provided that such duties are those customarily performed by Optionee, and provided further that this clause (vii) shall not be satisfied solely
due to the Board of Directors’ dissatisfaction with the quality of the services provided by Optionee. 
 (d) “Change in
Control” shall mean (i) the consummation of a merger or consolidation of the Company with or into another entity or (ii) the dissolution, liquidation or winding up of the Company. The foregoing notwithstanding, a merger or
consolidation of the Company shall not constitute a “Change in Control” if immediately after such merger or consolidation a majority of the voting power of the capital stock of the continuing or surviving entity, or any direct or indirect
parent corporation of such continuing or surviving entity, will be 

  

 11 

 
owned by the persons who were the Company’s stockholders immediately prior to such merger or consolidation in substantially the same proportions as
their ownership of the voting power of the Company’s capital stock immediately prior to such merger or consolidation. Additionally, a transaction shall not constitute a Change in Control if its sole purpose is to change the state of this
corporation’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held this corporation’s securities immediately prior to such transaction. 
 (e) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (f) “Committee” shall mean a committee of the Board of Directors, as described in Section 2 of the Plan. 
 (g) “Company” shall mean Riverbed Technology, Inc., a Delaware corporation. 
 (h) “Consultant” shall mean a person who performs bona fide services for the Company, a Parent or a Subsidiary as a consultant or
advisor, excluding Employees and Outside Directors. 
 (i) “Date of Grant” shall mean the date specified in the Notice of
Stock Option Grant, which date shall be the later of (i) the date on which the Board of Directors resolved to grant this option or (ii) the first day of the Optionee’s Service. 
 (j) “Disability” shall mean that the Optionee is unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment. 
 (k) “Employee” shall mean any individual who is a common-law employee of the
Company, a Parent or a Subsidiary. 
 (l) “Exercise Price” shall mean the amount for which one Share may be purchased upon
exercise of this option, as specified in the Notice of Stock Option Grant. 
 (m) “Fair Market Value” shall mean the fair
market value of a Share, as determined by the Board of Directors in good faith. Such determination shall be conclusive and binding on all persons. 
 (n) “Immediate Family” shall mean any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law and shall
include adoptive relationships. 
 (o) “Involuntary Termination” shall mean the termination of Optionee’s Service by
reason of: 
 (i) The involuntary discharge of Optionee by the Company (or the Parent or Subsidiary employing him) for reasons
other than Cause; or 
  

 12 

 (ii) The voluntary resignation of Optionee following (A) a change in Optionee’s
position with the Company (or the Parent or Subsidiary employing him) that materially reduces his level of authority or responsibility, (B) a reduction in Optionee’s base salary by more than 10% (unless such reduction affects all similarly
situated employees of the Company in an equal manner) or (C) receipt of notice that Optionee’s principal workplace will be relocated more than 35 miles. 
 (p) “ISO” shall mean an employee incentive stock option described in Section 422(b) of the Code. 
 (q) “Notice of Stock Option Grant” shall mean the document so entitled to which this Agreement is attached. 
 (r) “NSO” shall mean a stock option not described in Sections 422(b) or 423(b) of the Code. 
 (s) “Optionee” shall mean the person named in the Notice of Stock Option Grant. 
 (t) “Outside
Director” shall mean a member of the Board of Directors who is not an Employee. 
 (u) “Parent” shall mean any
corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one
of the other corporations in such chain. 
 (v) “Plan” shall mean the Riverbed Technology, Inc. 2002 Stock Plan, as in
effect on the Date of Grant. 
 (w) “Purchase Price” shall mean the Exercise Price multiplied by the number of Shares with
respect to which this option is being exercised. 
 (x) “Repurchase Period” shall mean a period of 90 consecutive days
commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability. 
 (y)
“Restricted Share” shall mean a Share that is subject to the Right of Repurchase. 
 (z) “Right of First
Refusal” shall mean the Company’s right of first refusal described in Section 8. 
 (aa) “Right of
Repurchase” shall mean the Company’s right of repurchase described in Section 7. 
 (bb) “Securities Act”
shall mean the Securities Act of 1933, as amended. 
  

 13 

 (cc) “Service” shall mean service as an Employee or Consultant. 
 (dd) “Share” shall mean one share of Stock, as adjusted in accordance with Section 8 of the Plan (if applicable). 
 (ee) “Stock” shall mean the Common Stock of the Company, with a par value of $0.0001 per Share. 
 (ff) “Subsidiary” shall mean any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company,
if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
 (gg) “Transferee” shall mean any person to whom the Optionee has directly or indirectly transferred any Share acquired under this
Agreement. 
 (hh) “Transfer Notice” shall mean the notice of a proposed transfer of Shares described in Section 8.

  

 14

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