Document:

Form of Restricted Stock Award Agreement (2001 Stock Incentive Plan)

 Exhibit 10.3 
  
 RESTRICTED STOCK AWARD AGREEMENT 
  

					
	To:                     	 	Date of Grant:                     	 	Number of Shares:             

  
 Spinnaker Exploration
Company, a Delaware corporation (the “Company”), is pleased to grant you an award (the “Plan Award”) consisting of an aggregate of              shares (the
“Restricted Shares”) of the Company’s authorized Common Stock, subject to the terms and conditions set forth in this Restricted Stock Award Agreement (this “Award Agreement”) and the Spinnaker Exploration Company 2001 Stock
Incentive Plan (the “Plan”). The Plan Award is governed by the terms of this Award Agreement and, where appropriate, the Plan. Any terms not defined herein shall have the meaning set forth in the Plan. 
  
 This Award Agreement sets forth the terms of the agreement between you and
the Company with respect to the Restricted Shares. By accepting this Award Agreement, you agree to be bound by all of the terms hereof. 
  
 1. Definitions. As used in this Award Agreement, the following terms have the meanings set forth below: 
  
 1.1 “Affiliate” means any entity or organization which, directly
or indirectly, controls, is controlled by, or is under common control with, the Company. For purposes of the preceding sentence, “control” (including, with correlative meanings, the terms “controlled by” and “under common
control with”), as used with respect to any entity or organization, shall mean the possession, directly or indirectly, of the power (i) to vote more than 50% of the securities having ordinary voting power for the election of directors of the
controlled entity or organization, or (ii) to direct or cause the direction of the management and policies of the controlled entity or organization, whether through the ownership of voting securities or by contract or otherwise. 
  
 1.2 “Board” means the Company’s Board of Directors.

  
 1.3 “Change in Control” means, notwithstanding the
terms of the Plan or any provision herein to the contrary, the occurrence of any of the following events: 
  
 1.3.1 The merger or consolidation of the Company, provided that immediately after such merger or consolidation less than 50% of the total
voting power of the outstanding voting stock of the surviving or resulting entity and of the parent company of the surviving or resulting entity is then “beneficially owned” (within the meaning of Rule 13d-3 under the 1934 Act), in the
aggregate, by the stockholders of the Company immediately prior to such merger or consolidation; or 
  
 1.3.2 The acquisition of ownership or control (including, without limitation, power to vote) by any person or entity, including a
“group” as contemplated by Section 13(d)(3) of the 1934 Act, of more than 50% of the outstanding shares of the Company’s voting stock (based upon voting power), other than as a result of a merger or consolidation of the Company
described in subsection 1.3.1, above. 

 1.4 “Committee” shall mean the Board or the committee appointed by the Board to administer part
or all of the Plan. 
  
 1.5 “Common Stock” means the
common stock, par value $.01 per share, of the Company, or any security into which such Common Stock may be changed by reason of any transaction or event of the type described in Paragraph IX of the Plan. 
  
 1.6 “Date of Grant” means the date set forth in the first line of
this Award Agreement. 
  
 1.7 “Disability” means the
inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less
than 12 months. 
  
 1.8 “1934 Act” means the Securities
Exchange Act of 1934, as amended from time to time, including rules thereunder and successor provisions and rules thereto. 
  
 1.9 “Person” means any person or entity of any nature whatsoever, specifically including an individual, a firm, a company, a corporation, a
partnership, a limited liability company, a trust or other entity; a Person, together with that Person’s Affiliates and Associates (as those terms are defined in Rule 12b-2 under the Exchange Act), and any Persons acting as a partnership,
limited partnership, joint venture, association, syndicate or other group (whether or not formally organized), or otherwise acting jointly or in concert or in a coordinated or consciously parallel manner (whether or not pursuant to any express
agreement), for the purpose of acquiring, holding, voting or disposing of securities of the Company with such Person, shall be deemed a single “Person.” 
  
 1.10 “Plan Award” has the meaning set forth in the first paragraph of the Award Agreement. 
  
 2. Escrow of Restricted Shares. The Company shall issue in your name a
certificate or certificates representing the Restricted Shares and retain that certificate or those certificates until the restrictions on such Restricted Shares expire as described in Sections 5, 6, or 7 of this Award Agreement or the Restricted
Shares are forfeited as contemplated in Sections 4 and 7 of this Award Agreement. You shall execute one or more stock powers in blank for those certificates and deliver those stock powers to the Company. You hereby agree that the Company shall hold
the certificate or certificates representing the Restricted Shares and the related stock powers pursuant to the terms of this Award Agreement until such time as such certificate or certificates are either delivered to you or canceled pursuant to
this Award Agreement. 
  
 3. Ownership of Restricted Shares. From
and after the time that a certificate or certificates representing the Restricted Shares has been issued in your name, you will be entitled to all the rights of absolute ownership of the Restricted Shares, including the right to vote those shares
and to receive dividends thereon if, as, and when declared by the Board, subject, however, to the terms, conditions and restrictions set forth in this Award Agreement. 

 4. Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, pledged,
exchanged, disposed of, transferred or otherwise alienated or hypothecated until such restrictions are removed or expire as described in Section 5, 6, or 7 of this Award Agreement. The Restricted Shares are also restricted in the sense that they may
be forfeited to the Company. You hereby agree that if the Restricted Shares are forfeited, as provided in Section 7, the Company shall have the right to deliver the certificate(s) representing the Restricted Shares to the Company’s transfer
agent for cancellation or, at the Company’s election, for transfer to the Company to be held by the Company in treasury or any designee of the Company. 
  
 5. Expiration of Restrictions and Risk of Forfeiture. The restrictions on all of the Restricted Shares granted pursuant to this Award Agreement will
expire and such Restricted Shares shall become transferable and nonforfeitable according to the schedule set forth in this Section 5, provided, however, that such restrictions will expire on such dates only if you have been an Employee continuously
from the Date of Grant through the applicable vesting date. 
  

			
	 On or After Each of the Following
 Vesting
Dates

	 	 Cumulative Percentage of Shares as to
 Which the Restricted Shares are
 Transferable and
Nonforfeitable

	 First Anniversary of the Date of Grant
	 	0%
	 Second Anniversary of the Date of Grant
	 	0%
	 Third Anniversary of the Date of Grant
	 	75%
	 Fourth Anniversary of the Date of Grant
	 	100%

  
 6. Adjustment
Provisions. 
  
 6.1 Changes in the Common Stock. In the event of
changes in the outstanding Common Stock by reason of any recapitalization, reorganization, merger, consolidation, combination, split-up, split-off, spin-off, exchange or other relevant changes in capitalization or distributions to the holders of
Common Stock occurring after the Date of Grant, the Restricted Shares and this Award Agreement shall be subject to adjustment by the Committee at its discretion as to the number and price of Restricted Shares subject to this Award Agreement.

  
 6.2 Change in Control of the Company. Upon a Change in
Control, the restriction period of the Restricted Shares shall immediately be accelerated and the restrictions shall expire. 
  
 7. Termination of Employment. 
  
 7.1 Forfeiture. Subject to Section 5, if your employment relationship with the Company or any of its Subsidiaries is terminated for any reason (including
by reason of your 

 death or Disability), then that portion, if any, of this Plan Award for which restrictions have not lapsed as of the date
of termination shall become null and void; provided, however, that the portion, if any, of this Plan Award for which restrictions have expired as of the date of such termination shall survive such termination. 
  
 7.2 Effect of Employment Agreement. Notwithstanding any provision herein to
the contrary, in the event of any inconsistency between this Section 7 and any employment agreement entered into by and between you and the Company, the terms of the employment agreement shall control. 
  
 8. Leave of Absence. With respect to the Plan Award, the Company may, in its
sole discretion, determine that if you are on leave of absence for any reason you will be considered to still be in the employ of the Company, provided that rights to the Restricted Shares during a leave of absence will be limited to the extent to
which those rights were earned or vested when the leave of absence began. 
  
 9. Delivery of Certificates of Stock. Promptly following the expiration of the restrictions on the Restricted Shares as contemplated in Sections 5, 6, and 7 of this Award Agreement, the Company shall cause to be
issued and delivered to you or your designee a certificate representing the number of Restricted Shares as to which restrictions have lapsed, free of any restrictive legend relating to the lapsed restrictions, upon receipt by the Company of any tax
withholding as may be requested. The value of such Restricted Shares shall not bear any interest owing to the passage of time. 
  
 10. Conditions to Delivery of Stock and Registration. Nothing herein shall require the Company to issue any shares with respect to the Plan Award if (a)
that issuance would, in the opinion of counsel for the Company, constitute a violation of the Securities Act of 1933 or any similar or superseding statute or statutes, any other applicable statute or regulation, or the rules of any applicable
securities exchange or securities association, as then in effect or (b) the withholding obligation as provided in Section 15 has not been satisfied. 
  
 From time to time, the Board and appropriate officers of the Company shall and are authorized to take whatever actions are necessary to file required
documents with governmental authorities, stock exchanges, and other appropriate Persons to make shares of Common Stock available for issuance. 
  
 11. Furnish Information. You agree to furnish to the Company all information requested by the Company to enable it to comply with any reporting or other
requirement imposed upon the Company by or under any applicable statute or regulation. 
  
 12. Remedies. The parties to this Award Agreement agree that each shall bear its own share of expenses and fees, including, but not limited to, attorneys’ expenses and fees incurred in connection with the
enforcement of the terms and provisions of this Award Agreement whether by an action to enforce specific performance or for damages for its breach or otherwise. 
  

13. Information Confidential. As partial consideration for the granting of the Plan Award hereunder, you hereby agree with the Company that you will
keep confidential all 

 information and knowledge, except that which has been disclosed in any public filings required by law, that you have
relating to the terms and conditions of this Award Agreement; provided, however, that such information may be disclosed as required by law and may be given in confidence to your spouse, tax and financial advisors, or to a financial institution to
the extent that such information is necessary to secure a loan. 
  
 14. Consideration. No restriction on the Restricted Shares shall lapse unless and until you have performed services for the Company or any of its Subsidiaries that the Company believes is equal to or greater in value than the par value of
the Common Stock subject to this Plan Award. 
  
 15. Payment of
Taxes. The Company may from time to time, in its discretion, require you to pay to the Company (or the Company’s Affiliate if you are an employee of an Affiliate of the Company), the amount that the Company deems necessary to satisfy the
Company’s or its Affiliate’s current or future obligation to withhold federal, state or local income or other taxes that you incur as a result of the Plan Award. With respect to any required tax withholding, you may (a) direct the Company
to withhold from the shares of Common Stock to be issued to you the number of shares necessary to satisfy the Company’s obligation to withhold taxes, that determination to be based on the shares’ Fair Market Value, as defined in the Plan,
at the time as of which such determination is made; (b) deliver to the Company sufficient shares of Common Stock to satisfy the Company’s tax withholding obligations, based on the shares’ Fair Market Value, as defined in the Plan, at the
time as of which such determination is made; or (c) deliver sufficient cash to the Company to satisfy its tax withholding obligations. If you elect to use such a stock withholding feature, you must make the election at the time and in the manner
that the Company prescribes. The Company may, at its sole option, deny your request to satisfy withholding obligations through Common Stock instead of cash. In the event the Company subsequently determines that the aggregate Fair Market Value, as
defined in the Plan, of any shares of Common Stock withheld as payment of any tax withholding obligation is insufficient to discharge that tax withholding obligation, then you shall pay to the Company, immediately upon the Company’s request,
the amount of that deficiency. 
  
 16. Right of the Company and
Subsidiaries to Terminate Employment. Nothing contained in this Award Agreement shall confer upon you the right to continue in the employ of the Company or any Affiliate, or interfere in any way with the rights of the Company or any Affiliate to
terminate your employment at any time. 
  
 17. No Liability for
Good Faith Determinations. The Company and the members of the Board shall not be liable for any act, omission or determination taken or made in good faith with respect to this Award Agreement or the Restricted Shares granted hereunder, and all
members of the Board or the Committee and each and any officer or employee of the Company acting on their behalf shall, to the extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, determination or
interpretation. 
  
 18. No Guarantee of Interests. The Board and
the Company do not guarantee the Common Stock of the Company from loss or depreciation. 

 19. Company Records. Records of the Company or its Subsidiaries regarding your period of employment,
termination of employment and the reason therefor, leaves of absence, re-employment, and other matters shall be conclusive for all purposes hereunder, unless determined by the Company to be incorrect. 
  
 20. Company Action. Any action required of the Company shall be by resolution
of its Board or by a Person authorized to act by resolution of the Board. 
  
 21. Severability. If any provision of this Award Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be
fully severable and this Award Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein. 
  
 22. Notices. All notices required or permitted under this Award Agreement must be in writing and personally delivered or sent by mail and shall be deemed
to be delivered on the date on which it is actually received by the person to whom it is properly addressed. A notice shall be effective when actually received by the Company in writing and in conformance with this Award Agreement and the Plan.

  
 23. Waiver of Notice. Any person entitled to notice hereunder
may waive such notice in writing. 
  
 24. Successors. This Award
Agreement shall be binding upon you, your legal representatives, heirs, legatees and distributees, and upon the Company, its successors and assigns. 
  
 25. Headings. The titles and headings of Sections are included for convenience of reference only and are not to be considered in construction of the
provisions hereof. 
  
 26. Governing Law. All questions arising
with respect to the provisions of this Award Agreement shall be determined by application of the laws of the State of Delaware and without regard to Delaware’s choice of law provisions, except to the extent Delaware law is preempted by federal
law. The obligation of the Company to sell and deliver Common Stock hereunder is subject to applicable laws and to the approval of any governmental authority required in connection with the authorization, issuance, sale, or delivery of such Common
Stock. 
  
 27. Execution of Receipts and Releases. Any payment of
cash or any issuance or transfer of shares of Common Stock or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of
all claims of such Persons hereunder. The Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall
determine. 
  
 28. Amendment. This Award Agreement may be amended
by the Board; provided, however, that no amendment may decrease your rights inherent in this Plan Award prior to such amendment without your express written consent. 
  
 29. The Plan. This Award Agreement is subject to all the terms, conditions, limitations and restrictions contained in the
Plan. 

 IN WITNESS WHEREOF, the Company has caused this Award Agreement to be executed by its duly authorized
officer as of the Date of Grant first above written. 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  

			
	ACKNOWLEDGED AND AGREED:
		
	By:	 	  

	Name:2000 EQUITY INCENTIVE PLAN

 Exhibit 10.1 
  
 PARAMETRIC TECHNOLOGY CORPORATION 
  
 2000 EQUITY INCENTIVE PLAN 
  
 As amended by the Board of Directors on January 5, 2005 and approved by the stockholders on March 10, 2005. 
  
 1. Purpose. 
  
 The purpose of the Parametric Technology Corporation 2000 Equity Incentive
Plan (the “Plan”) is to attract and retain directors and key employees and consultants of the Company and its Affiliates, to provide an incentive for them to achieve performance goals, and to enable them to participate in the growth of the
Company by granting Awards with respect to the Company’s Common Stock. Certain capitalized terms used herein are defined in Section 9 below. 
  
 2. Administration. 
  
 The Plan shall be administered by the Committee; provided, that the Board may in any instance perform any of the functions of the Committee hereunder. The
Committee shall select the Participants to receive Awards and shall determine the terms and conditions of the Awards. The Committee shall have authority to adopt, alter and repeal such administrative rules, guidelines and practices governing the
operation of the Plan as it shall from time to time consider advisable, and to interpret the provisions of the Plan. The Committee’s decisions shall be final and binding. To the extent permitted by applicable law, the Committee may delegate to
one or more executive officers of the Company the power to make Awards to Participants who are not Reporting Persons or Covered Employees and all determinations under the Plan with respect thereto, provided that the Committee shall fix the maximum
amount of such Awards for all such Participants and a maximum for any one Participant. 
  
 3. Eligibility. 
  
 All directors and all
employees and consultants of the Company or any Affiliate capable of contributing to the successful performance of the Company are eligible to be Participants in the Plan. Incentive Stock Options may be granted only to persons eligible to receive
such Options under the Code. 
  
 4. Stock Available for Awards.

  
 (a) Amount. Awards, including Incentive
Stock Options, may be made under the Plan for up to an aggregate of 24,500,000 shares of Common Stock, and such additional number of shares, not to exceed 5,000,000, may be issued in the form of Restricted Stock as are required to carry out the
Option exchange program authorized by Section 5(d) of this Plan, in each case subject to adjustment under subsection (b). If any Award expires or is terminated unexercised or is forfeited, the shares subject to such Award, to the extent of such
expiration, termination, or forfeiture, shall again be available for award under the Plan. Common Stock issued through the assumption or substitution of outstanding grants from an acquired company shall not reduce the shares available for Awards
under the Plan. Shares issued under the Plan may consist of authorized but unissued shares or treasury shares. 
  
 (b) Adjustment. In the event that the Committee determines that any stock dividend, extraordinary cash dividend, recapitalization,
reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares or other transaction affects the Common Stock such that an adjustment is required in order to preserve the benefits intended to be provided by the Plan, then
the Committee (subject in the case of Incentive Stock Options to any limitation required under the Code) shall equitably adjust any or all of (i) the number and kind of shares in respect of which Awards may be made under the Plan, (ii) the number
and kind of shares subject to outstanding Awards and (iii) the exercise price with respect to any of the foregoing, provided that the number of shares subject to any Award shall always be a whole number, and if considered appropriate, the Committee
may make provision for a cash payment with respect to an outstanding Award. 
  

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 (c) Limit on Individual Grants. Subject to adjustment under subsection (b) above, the
maximum number of shares of Common Stock that are either subject to Options and Stock Appreciation Rights or are granted as Restricted Stock Units, Restricted Stock or unrestricted stock Awards with respect to which Performance Goals apply under
Section 7 below that may be granted to any Participant in the aggregate in any fiscal year shall not exceed 2,000,000. 
  
 5. Stock Options. 
  
 (a) Grant of Options. Subject to the provisions of the Plan, the Committee may grant options (“Options”) to purchase shares of
Common Stock (i) complying with the requirements of Section 422 of the Code or any successor provision and any regulations thereunder (“Incentive Stock Options”) and (ii) not intended to comply with such requirements (“Nonstatutory
Stock Options”). The Committee shall determine the number of shares subject to each Option and the exercise price therefor, which shall not be less than 100% of the Fair Market Value of the Common Stock on the date of grant, provided that a
Nonstatutory Stock Option granted to a new employee or consultant in connection with the hiring of such person may have a lower exercise price so long as it is not less than 100% of Fair Market Value on the date the person accepts the Company’s
offer of employment or the date employment commences, whichever is lower. No Options may be granted hereunder more than ten years after the effective date of the Plan. 
  
 (b) Terms and Conditions. Each Option shall be exercisable at such times and subject to such terms and
conditions as the Committee may specify in the applicable grant or thereafter. The Committee may impose such conditions with respect to the exercise of Options, including conditions relating to applicable federal or state securities laws, as it
considers necessary or advisable. 
  
 (c) Payment.
No shares shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price therefor is received by the Company. Such payment may be made in whole or in part in cash or, to the extent permitted by the Committee at
or after the grant of the Option, by delivery of shares of Common Stock owned by the optionee valued at their Fair Market Value on the date of delivery, or such other lawful consideration, including a payment commitment of a financial or brokerage
institution, as the Committee may determine. 
  
 (d)
Exchange Program. Notwithstanding the provisions of Section 8(i), the Committee may, at any time before the Company’s 2006 Annual Meeting of Stockholders and without further stockholder approval, undertake an
exchange program under which employees deemed eligible by the Committee (other then the Company’s Chief Executive Officer or any of the other executive officers named in the summary compensation table in the Company’s proxy statement for
the Company’s 2005 Annual Meeting of Stockholders) may elect to surrender for cancellation outstanding Options granted under any plan of the Company that have at the time an exercise price at or above a level determined by the Committee in
exchange for cash and/or not more than an aggregate of 5,000,000 shares of Restricted Stock issued under this Plan, the form of such consideration to be determined by the Committee in its discretion. Such Exchange Program shall provide that each
eligible Participant must exchange or surrender Options with a fair value (as determined by the Committee using established valuation methods, including but not limited to the Black-Scholes model) equal to or greater than the fair value of the
replacement Award or the amount of any cash consideration, as the case may be. Replacement Awards shall have such other terms and conditions, with respect to vesting and otherwise, as may be determined by the Committee. 
  
 6. Stock Appreciation Rights. 
  
 (a) Grant of SARs. Subject to the provisions of the Plan, the
Committee may grant rights to receive any excess in value of shares of Common Stock over the exercise price (“Stock Appreciation Rights” or “SARs”). The Committee shall determine at the time of grant or thereafter whether SARs
are settled in cash, Common Stock or other securities of the Company, Awards or other property, and may define the manner of determining the excess in value of the shares of Common Stock. 
  

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 (b) Exercise Price. The Committee shall fix the exercise price of each SAR or specify the
manner in which the price shall be determined. An SAR may not have an exercise price less than 100% of the Fair Market Value of the Common Stock on the date of the grant, provided that such an SAR granted to a new employee or consultant in
connection with the hiring of such person may have a lower exercise price so long as it is not less than 100% of Fair Market Value on the date the person accepts the Company’s offer of employment or the date employment commences, whichever is
lower. 
  
 7. Stock and Stock Unit Awards. 
  
 (a) Grant of Restricted or Unrestricted Stock Awards. The
Committee may grant shares of Common Stock subject to forfeiture (“Restricted Stock”) and determine the duration of the period (the “Restricted Period”) during which, and the conditions under which, the shares may be forfeited to
the Company and the other terms and conditions of such Awards. Shares of Restricted Stock may not be sold, assigned, transferred, pledged or otherwise encumbered, except as permitted by the Committee, during the Restricted Period. Shares of
Restricted Stock shall be evidenced in such manner as the Committee may determine. Any certificates issued in respect of shares of Restricted Stock shall be registered in the name of the Participant and unless otherwise determined by the Committee,
deposited by the Participant, together with a stock power endorsed in blank, with the Company. At the expiration of the Restricted Period, the Company shall deliver such certificates to the Participant or if the Participant has died, to the
Participant’s Designated Beneficiary. The Committee also may make Awards of shares of Common Stock that are not subject to restrictions or forfeiture, on such terms and conditions as the Committee may determine from time to time. 
  
 (b) Grant of Restricted Stock Units. The Committee may grant
the right to receive in the future shares of Common Stock subject to forfeiture (“Restricted Stock Units”) and determine the duration of the Restricted Period during which, and the conditions under which, the Award may be forfeited to the
Company and the other terms and conditions of such Awards. Restricted Stock Unit Awards shall constitute an unfunded and unsecured obligation of the Company, and shall be settled in shares of Common Stock or cash, as determined by the Committee at
the time of grant or thereafter. Such Awards shall be made in the form of “units” with each unit representing the equivalent of one share of Common Stock. 
  
 (c) Performance Goals; Consideration. The Committee may establish Performance Goals for the granting of
Restricted Stock, unrestricted stock Awards, Restricted Stock Units or the lapse of risk of forfeiture of Restricted Stock or Restricted Stock Units. Shares of Restricted Stock or unrestricted stock or Restricted Stock Units may be issued for no
cash consideration, such minimum consideration as may be required by applicable law or such other consideration as the Committee may determine. 
  
 8. General Provisions Applicable to Awards. 
  
 (a) Documentation. Each Award under the Plan shall be evidenced by a writing delivered to the Participant or agreement executed by
the Participant specifying the terms and conditions thereof and containing such other terms and conditions not inconsistent with the provisions of the Plan as the Committee considers necessary or advisable to achieve the purposes of the Plan or to
comply with applicable tax and regulatory laws and accounting principles. 
  
 (b) Committee Discretion. Each type of Award may be made alone, in addition to or in relation to any other Award. The terms of each type of Award need not be identical, and the Committee need not
treat Participants uniformly. Except as otherwise provided by the Plan or a particular Award, any determination with respect to an Award may be made by the Committee at the time of grant or at any time thereafter. 
  
 (c) Dividends and Cash Awards. In the discretion of the
Committee, any Award under the Plan may provide the Participant with (i) dividends or dividend equivalents payable (in cash or in the form of Awards under the Plan) currently or deferred with or without interest and (ii) cash payments in lieu of or
in addition to an Award. 
  
 (d) Termination of
Service. The Committee shall determine the effect on an Award of the disability, death, retirement or other termination of service of a Participant and the extent to which, and the period during 

  

 3 

 
which, the Participant’s legal representative, guardian or Designated Beneficiary may receive payment of an Award or exercise rights thereunder.

  
 (e) Change in Control. In order to
preserve a Participant’s rights under an Award in the event of a change in control of the Company (as defined by the Committee), the Committee in its discretion may, at the time an Award is made or at any time thereafter, take one or more of
the following actions: (i) provide for the acceleration of any time period relating to the exercise or payment of the Award, (ii) provide for payment to the Participant of cash or other property with a Fair Market Value equal to the amount that
would have been received upon the exercise or payment of the Award had the Award been exercised or paid upon the change in control, (iii) adjust the terms of the Award in a manner determined by the Committee to reflect the change in control, (iv)
cause the Award to be assumed, or new rights substituted therefor, by another entity, or (v) make such other provision as the Committee may consider equitable to Participants and in the best interests of the Company. 
  
 (f) Transferability. In the discretion of the Committee, any
Award may be made transferable upon such terms and conditions and to such extent as the Committee determines, provided that Incentive Stock Options may be transferable only to the extent permitted by the Code. The Committee may in its discretion
waive any restriction on transferability. 
  
 (g)
Withholding Taxes. The Participant shall pay to the Company, or make provision satisfactory to the Committee for payment of, any taxes required by law to be withheld in respect of Awards under the Plan no later than the date of the
event creating the tax liability. The Company and its Affiliates may, to the extent permitted by law, deduct any such tax obligations from any payment of any kind due to the Participant hereunder or otherwise. In the Committee’s discretion, the
minimum tax obligations required by law to be withheld in respect of Awards may be paid in whole or in part in shares of Common Stock, including shares retained from the Award creating the tax obligation, valued at their Fair Market Value on the
date of retention or delivery. 
  
 (h) Foreign
Nationals. Awards may be made to Participants who are foreign nationals or employed outside the United States on such terms and conditions different from those specified in the Plan as the Committee considers necessary or advisable to
achieve the purposes of the Plan or to comply with applicable laws. 
  
 (i) Amendment of Award. The Committee may amend, modify or terminate any outstanding Award, including substituting therefor another Award of the same or a different type, changing the date of exercise or realization and
converting an Incentive Stock Option to a Nonstatutory Stock Option, provided that the Participant’s consent to such action shall be required (a) if such action would terminate, or reduce the number of shares issuable under, an Option, unless
any time period relating to the exercise of such Option or the eliminated portion, as the case may be, is accelerated before such termination or reduction, in which case the Committee may provide for the Participant to receive cash or other property
equal to the net value that would be received upon exercise of the terminated Option or the eliminated portion, as the case may be, and (b) in any other case, unless the Committee determines that the action, taking into account any related action,
would not materially and adversely affect the Participant. The Committee shall not, without further approval of the stockholders of the Company, authorize the amendment of any outstanding Option to reduce the exercise price. Furthermore, no Option
shall be canceled and replaced with Options having a lower exercise price without approval of the stockholders of the Company. 
  
 9. Certain Definitions. 
  
 “Affiliate” means any business entity in which the Company owns directly or indirectly 50% or more of the total voting power or has a
significant financial interest as determined by the Committee. 
  
 “Award” means any Option, Stock Appreciation Right, Restricted Stock or Restricted Stock Unit granted under the Plan. 
  

 4 

 “Board” means the Board of Directors of the Company. 
  
 “Code” means the Internal Revenue Code of 1986, as amended from
time to time, or any successor law. 
  
 “Committee”
means one or more committees each comprised of not less than two members of the Board appointed by the Board to administer the Plan or a specified portion thereof. Unless otherwise determined by the Board, if a Committee is authorized to grant
Awards to a Reporting Person or a Covered Employee, each member shall be a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act or an “outside director” within the meaning of Section 162(m) of the Code,
respectively. 
  
 “Common Stock” or “Stock”
means the Common Stock, $.01 par value, of the Company. 
  
 “Company” means Parametric Technology Corporation, a Massachusetts corporation. 
  
 “Covered Employee” means a “covered employee” within the meaning of Section 162(m) of the Code. 
  
 “Designated Beneficiary” means the beneficiary designated by a
Participant, in a manner determined by the Committee, to receive amounts due or exercise rights of the Participant in the event of the Participant’s death. In the absence of an effective designation by a Participant, “Designated
Beneficiary” means the Participant’s estate. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor law. 
  
 “Fair Market Value” means, with respect to Common Stock or any other property, the fair market value of such property as determined by the
Committee in good faith or in the manner established by the Committee from time to time. 
  
 “Participant” means a person selected by the Committee to receive an Award under the Plan. 
  
 “Performance Goals” means one or more objective performance goals based on one or more of the following criteria established by the Committee:
revenue; revenue growth; sales; expenses; margins; net income; earnings or earnings per share; cash flow; shareholder return; return on investment; return on invested capital, assets, or equity; profit before or after tax; operating profit; return
on research and development investment; market capitalization; new product releases; quality improvements; market share; cycle time reductions; customer satisfaction measures; strategic positioning or marketing programs; business/information systems
improvements; expense management; infrastructure support programs; human resource programs; customer programs; technology development programs; or any combination of any of the foregoing, and may be particular to a Participant or may be based, in
whole or in part, on the performance of the division, department, line of business, subsidiary, or other business unit, whether or not legally constituted, in which the Participant works or on the performance of the Company generally. 
  
 “Reporting Person” means a person subject to Section 16 of the
Exchange Act. 
  
 10. Miscellaneous. 
  
 (a) No Right To Employment. No person shall have any
claim or right to be granted an Award. Each employee of the Company or any of its Affiliates is an employee-at-will (that is to say that either the Participant or the Company or any Affiliate may terminate the employment relationship at any time for
any reason or no reason at all) unless and only to the extent provided in a written employment agreement for a specified term executed by the chief executive officer of the Company or his duly authorized designee or the authorized signatory of any
Affiliate. Neither the adoption, maintenance, nor operation of the Plan nor any Award hereunder shall confer upon any employee or consultant of the Company or of any Affiliate any right 

  

 5 

 
with respect to the continuance of his/her employment by or other service with the Company or any such Affiliate nor shall they interfere with the rights of
the Company (or Affiliate) to terminate any employee at any time or otherwise change the terms of employment, including, without limitation, the right to promote, demote or otherwise re-assign any employee from one position to another within the
Company or any Affiliate. 
  
 (b) No Rights As
Stockholder. Subject to the provisions of the applicable Award, no Participant or Designated Beneficiary shall have any rights as a stockholder with respect to any shares of Common Stock to be issued under the Plan until he or she
becomes the holder thereof. A Participant to whom Common Stock is awarded shall be considered the holder of the Stock at the time of the Award except as otherwise provided in the applicable Award. 
  
 (c) Effective Date. The Plan shall be effective on the
date it is approved by the stockholders. 
  
 (d) Amendment
of Plan. The Board may amend, suspend or terminate the Plan or any portion thereof at any time, subject to such stockholder approval as the Board determines to be necessary or advisable to comply with any tax or regulatory
requirement. 
  
 (e) Governing Law. The
provisions of the Plan shall be governed by and interpreted in accordance with the laws of the Commonwealth of Massachusetts. 
  

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