Document:

Form of Option Agreement - 1999 Supplemental Stock Option Plan

 Exhibit 10.29 
  
 VIGNETTE CORPORATION 
 1999 SUPPLEMENTAL STOCK OPTION PLAN 
  
 NOTICE OF STOCK OPTION GRANT 
  
 You have been granted the following option to purchase shares of the Common Stock of Vignette
Corporation (the “Corporation”): 
  

			
	Name of Optionee:	  	[                    ]*
		
	Total Number of Shares:	  	[                    ]*
		
	Type of Option:	  	Nonstatutory Stock Option
		
	Exercise Price Per Share:	  	$[            ]*
		
	Date of Grant:	  	[                    ]*
		
	Vesting Commencement Date:	  	[                    ]*
		
	Vesting Schedule:	  	[                    ]*
		
	Expiration Date:	  	[                    ]*
		
	 	  	This option expires earlier if your Service terminates earlier, as described in the Stock Option Agreement.

  
 {* The specific terms of the
award are determined on the date of grant by a Committee of the Board of Directors as prescribed by the Corporation’s 1999 Supplemental Stock Option Plan. Although the exact vesting rate of the Vesting Schedule is subject to the discretion of a
Committee of the Board of Directors, a typical vesting schedule may stipulate one of the following timetables: 
  

	 	•	 	Option becomes exercisable with respect to the first 25% of the Shares subject to the option when the optionee completes twelve (12) months of continuous Service from the
Vesting Commencement Date. Thereafter an additional 6.25% of the Shares subject to the option become exercisable when the optionee completes each quarter of continuous Service. 

  

	 	•	 	Option becomes exercisable with respect to the first 16.667% of the Shares subject to the option when the optionee completes six (6) months of continuous Service from the
Vesting Commencement Date. Thereafter an additional 8.333% of the Shares subject to the option become exercisable when the optionee completes each quarter of continuous Service. 

  

	 	•	 	Option becomes exercisable with respect to the first 33.33% of the Shares subject to the option when the optionee completes twelve (12) months of continuous Service from the
Vesting Commencement Date. Thereafter an additional 33.33% of the Shares subject to the option become exercisable when the optionee completes each year of continuous Service.} 

  
 You and the Corporation agree that this option is granted under and governed by the terms and
conditions of the 1999 Supplemental Stock Option Plan (the “Plan”) and the Stock Option Agreement; the Stock Option Agreement is attached to and made a part of this document. 
  
 You further agree that the Corporation may deliver by email all documents relating to the Plan or this option (including, without
limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Corporation is required to deliver to its security holders (including, without limitation, annual reports and proxy statements). You also
agree that the Corporation may 

  

 
deliver these documents by posting them on a web site maintained by the Corporation or by a third party under contract with the Corporation. If the
Corporation posts these documents on a web site, it will notify you by email. 
  

									
	OPTIONEE:	 	 	 	VIGNETTE CORPORATION
					
	 By:
	 	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 Title:
	 	 

  

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 VIGNETTE
CORPORATION 
 1999 SUPPLEMENTAL STOCK OPTION PLAN

  
 STOCK OPTION
AGREEMENT 
  

			
	Tax Treatment	  	This option is intended to be an incentive stock option under section 422 of the Internal Revenue Code or a nonstatutory stock option, as provided in the Notice of Stock Option
Grant.
		
	Vesting	  	 This option becomes exercisable in installments, as shown in the Notice of Stock Option Grant. In addition, this option becomes exercisable in full
if either of the following events occurs:
  
 •      Your Service (as defined below) terminates because of death, or
  
 •      The Corporation is subject to a “Change in Control” (as defined in the Plan)
before your Service terminates, and you are subject to an “Involuntary Termination” (as defined in the Plan) within 18 months after the Change in Control.
  
 This option will in no event become exercisable for additional shares after your service as an employee, consultant or outside director of
the Corporation or a parent or subsidiary of the Corporation (“Service”) has terminated for any reason. It is intended that the exercise schedule for this option is commensurate with a full-time work schedule. For possible adjustments that
may be made by the Corporation, see the Section below entitled “Leaves of Absence and Part-Time Work.”

		
	Term	  	This option expires in any event at the close of business at Corporation headquarters on the day before the «insert number» anniversary of the Date of Grant, as shown in the
Notice of Stock Option Grant. (It will expire earlier if your Service terminates, as described below.)
		
	Regular Termination	  	If your Service terminates for any reason except death, Misconduct or Permanent Disability, then this option will expire at the close of business at Corporation headquarters on the date three
(3) months after your termination date. The Corporation determines when your Service terminates for this purpose.
		
	Death	  	If you die while this option is outstanding, then this option will expire at the close of business at Corporation headquarters on the date 12 months after the date of death.

  

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	Disability	  	 If your Service terminates because of your Permanent Disability, then this option will expire at the close of business at Corporation headquarters on
the date 12 months after your termination date.
  
 For all purposes under this
Agreement, “Permanent Disability” means that you are unable 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 one year.

		
	Leaves of Absence and Part-Time Work	  	 For purposes of this option, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of
absence, if the leave was approved by the Corporation in writing. Your Service terminates when the approved leave ends, unless you immediately return to active work.
  
 If you go on a leave of absence that lasts or is expected to last seven days or longer, then any unvested shares subject to this option
shall not become exercisable and Vesting will be suspended during the leave to the extent provided for in the Corporation’s leave policy. Upon your return to active work, vesting will resume; however, unless otherwise provided in the
Corporation’s leave policy, you will not receive credit for any vesting during the period of your leave.
  
 If you and the Corporation agree to a reduction in your scheduled work hours, then the Corporation reserves the right to modify the rate at which this option becomes exercisable or vests, so that the rate of vesting
is commensurate with your reduced work schedule. Any such adjustment shall be consistent with the Corporation’s policies for part-time or reduced work schedules or shall be pursuant to the terms of an agreement between you and the Corporation
pertaining to your reduced work schedule.
  
 The Corporation shall not be
required to adjust the exercise or vesting schedule of any option pursuant to this subsection.

		
	Misconduct	  	If your Service terminates for Misconduct, then this option will terminate immediately and cease to be outstanding. “Misconduct” includes fraud, embezzlement, dishonesty or any
unauthorized use or disclosure of confidential information or trade secrets of the Corporation or any parent or subsidiary or any other intentional misconduct adversely affecting the business or affairs of the Corporation or a parent or subsidiary
of the Corporation.

  

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	Restrictions on Exercise	  	The Corporation will not permit you to exercise this option if the issuance of shares at that time would violate any law, regulation or corporate policy.
		
	Notice of Exercise	  	 When you wish to exercise this option, you must notify the Corporation by filing the proper “Notice of Exercise” form at the address given
on the form. Your notice must specify how many shares you wish to purchase. Your notice must also specify how your shares should be registered. The notice will be effective when the Corporation receives it.
  
 If someone else wants to exercise this option after your death, that person must prove to
the Corporation’s satisfaction that he or she is entitled to do so. Furthermore, in no event shall the Corporation’s request for satisfactory documentation extend the Option’s expiration date beyond the time period specified in the
above section entitled “Death”.

		
	Form of Payment	  	 When you submit your notice of exercise, you must include payment of the option exercise price for the shares that you are purchasing. To the extent
permitted by applicable law, payment may be made in one (or a combination of two or more) of the following forms:
  
 •      Your personal check, a cashier’s check or a money order.
  
 •      Certificates for shares of Corporation stock that you own, along with any forms needed to effect a transfer of those shares to the Corporation. The value of the shares, determined as of the
effective date of the option exercise, will be applied to the option exercise price. Instead of surrendering shares of Corporation stock, you may attest to the ownership of those shares on a form provided by the Corporation and have the same number
of shares subtracted from the option shares issued to you. However, you may not surrender, or attest to the ownership of, shares of Corporation stock in payment of the exercise price if your action would cause the Corporation to recognize
compensation expense (or additional compensation expense) with respect to this option for financial reporting purposes.
  
 •      Irrevocable directions to a securities broker approved by the Corporation to sell all
or part of your option shares and to deliver to the Corporation from the sale proceeds an amount sufficient to pay the option exercise price and any withholding taxes. (The balance of the sale proceeds, if any, will be delivered to you.) The
directions must be given by signing a special “Notice of Exercise” form provided by the Corporation. However, payment pursuant to this procedure shall not be permitted if such payment would violate applicable law or a policy of the
Corporation.

  

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	 	  	 •      Irrevocable directions to a securities broker or lender approved by the Corporation to pledge option
shares as security for a loan and to deliver to the Corporation from the loan proceeds an amount sufficient to pay the option exercise price and any withholding taxes. The directions must be given by signing a special “Notice of Exercise”
form provided by the Corporation. However, payment pursuant to this procedure shall not be permitted if such payment would violate applicable law or a policy of the Corporation.

		
	Withholding Taxes and Stock Withholding	  	You will not be allowed to exercise this option unless you make arrangements acceptable to the Corporation to pay any withholding taxes that may be due as a result of the option exercise. With
the Corporation’s consent, these arrangements may include withholding shares of Corporation stock that otherwise would be issued to you when you exercise this option. The value of these shares, determined as of the effective date of the option
exercise, will be applied to the withholding taxes.
		
	Restrictions on Resale	  	You agree not to sell any option shares at a time when applicable laws, regulations, Corporation trading policies (including the Corporation’s Insider Trading Policy, a copy of which can be
found on the Corporation’s intranet) or an agreement between the Corporation and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such period of time after the termination of your Service
as the Corporation may specify.
		
	Transfer of Option	  	In general, only you may exercise this option prior to your death. You may not transfer or assign this option, except as provided below. For instance, you may not sell this option or use it as
security for a loan. If you attempt to do any of these things, this option will immediately become invalid. You may, however, dispose of this option in your will or in a beneficiary designation.
		
	 	  	 Regardless of any marital property settlement agreement, the Corporation is not obligated to honor a notice of exercise from your former spouse, nor
is the Corporation obligated to recognize your former spouse’s interest in your option in any other way.
  
 If another person wants to exercise this option after it has been transferred to him or her, including a transfer upon your death, that person must prove to the Corporation’s satisfaction that he or she is
entitled to exercise this option. That person must also complete the proper “Notice of Exercise” form (as described above) and pay the exercise price (as described below).

  

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	Retention Rights	  	Your option or this Agreement does not give you the right to be retained by the Corporation or a subsidiary of the Corporation in any capacity. The Corporation and its subsidiaries reserve the
right to terminate your Service at any time, with or without cause.
		
	Stockholder Rights	  	You, or your estate or heirs, have no rights as a stockholder of the Corporation until you have exercised this option by giving the required notice to the Corporation and paying the exercise
price. No adjustments are made for dividends or other rights if the applicable record date occurs before you exercise this option, except as described in the Plan.
		
	Adjustments	  	In the event of a stock split, a stock dividend or a similar change in Corporation stock, the number of shares covered by this option and the exercise price per share may be adjusted pursuant to
the Plan.
		
	Applicable Law	  	This Agreement will be interpreted and enforced with respect to issues of contract law under the laws of the State of Texas and with respect to issues of corporation law under the laws of the
State of Delaware.
		
	The Plan and Other Agreements	  	 The text of the Plan is incorporated in this Agreement by reference. A copy of the Plan is available on the Corporation’s intranet or by request
to the Finance Department.
  
 This Agreement and the Plan constitute the entire
understanding between you and the Corporation regarding this option. Any prior agreements, commitments or negotiations concerning this option are superseded. This Agreement may be amended only by another written agreement between the
parties.

  
 BY
SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL OF
THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN. 
  

 71999 Non-Employee Director Option Plan

 Exhibit 10.30 
  
 VIGNETTE CORPORATION 
  
 1999 NON-EMPLOYEE DIRECTOR OPTION PLAN

  
 AS AMENDED
AND RESTATED ON APRIL 22, 2004 
  

 VIGNETTE CORPORATION 
 1999 NON-EMPLOYEE DIRECTOR OPTION PLAN 
 As Amended and Restated on April 22, 2004 
  
 ARTICLE 1. PURPOSE OF THE PLAN 
  
 The Plan is intended to promote the interests of the Corporation by
providing the non-employee members of the Board with the opportunity to acquire a proprietary interest, or otherwise increase their proprietary interest, in the Corporation as an incentive for them to remain in the service of the Corporation.

  
 ARTICLE 2. ADMINISTRATION 
  
 The terms and conditions of each automatic option grant (including the
timing and pricing of the option grant) shall be determined by the express terms and conditions of the Plan, and neither the Board nor any committee of the Board shall exercise any discretionary functions with respect to option grants made pursuant
to the Plan. 
  
 ARTICLE 3. STOCK SUBJECT TO THE PLAN 
  
 A. Shares of Common Stock shall be available for issuance under the Plan and
shall be drawn from either the Corporation’s authorized but unissued shares of Common Stock or from reacquired shares of Common Stock, including shares repurchased by the Corporation on the open market. The number of shares of Common Stock
reserved for issuance over the term of the Plan shall be fixed at 1,500,000 shares. 
  
 B. Should one or more outstanding options under this Plan expire or terminate for any reason prior to exercise in full, then the shares subject to the portion of each option not so exercised shall be available for
subsequent option grant under the Plan. In addition, should the exercise price of an outstanding option under the Plan be paid with shares of Common Stock, then the number of shares of Common Stock available for issuance under the Plan shall be
reduced by the net number of shares of Common Stock actually issued to the holder of such option. 
  
 C. Should any change be made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, recapitalization, combination of
shares, exchange of shares or other change affecting the outstanding Common Stock as a class without the Corporation’s receipt of consideration, then appropriate adjustments shall be made to (i) the maximum number and/or class of securities
issuable under the Plan, (ii) the number and/or class of securities for which automatic option grants are to be subsequently made to each newly-elected or continuing non-employee Board member under the Plan, and (iii) the number and/or class of
securities and price per share in effect under each option outstanding under the Plan. The adjustments to the outstanding options shall be made by the Board in a manner which shall 

  

 
preclude the enlargement or dilution of rights and benefits under such options and shall be final, binding and conclusive. 
  
 ARTICLE 4. ELIGIBILITY 
  
 The individuals eligible to receive automatic option grants pursuant to the provisions of this Plan shall be limited to (i)
those individuals serving as non-employee Board members on the Effective Date and (ii) those individuals who are first elected or appointed as non-employee Board members after the Effective Date, whether through appointment by the Board or election
by the Corporation’s stockholders. A non-employee Board member shall not be eligible to receive the initial automatic option grant if such individual has previously been in the employ of the Corporation (or any parent or subsidiary). However, a
non-employee Board member shall be eligible to receive one or more annual option grants, whether or not he or she has previously been in the employ of the Corporation (or any parent or subsidiary), beginning with the year the Board member ceases to
be an employee. Each non-employee Board member eligible to participate in the Plan pursuant to the foregoing criteria is hereby designated an Eligible Director. 
  

ARTICLE 5. TERMS AND CONDITIONS OF AUTOMATIC OPTION GRANTS 
  
 A. Grant Date. Option grants shall be made on the dates specified below: 
  

	 	•	 	Each individual who first becomes an Eligible Director on or after the Effective Date, whether through election by the Corporation’s stockholders or appointment by the Board,
shall automatically be granted, at the time of such initial election or appointment, a non-statutory option to purchase 50,000 shares of Common Stock. 

  

	 	•	 	On the date of each Annual Meeting, beginning with the 2000 Annual Meeting, each Eligible Director who serves on the Board at the time of that Annual Meeting, whether or not
standing for re-election, shall automatically be granted a non-statutory option to purchase 15,000 shares of Common Stock. An Eligible Director who resigns effective at an Annual Meeting shall not be eligible to be granted a non-statutory option at
that time. 

  
 There shall be no limit on the number
of such annual 15,000-share option grants any one Eligible Director may receive over his or her period of continued Board service. 
  
 B. Exercise Price. The exercise price per share of Common Stock subject to each automatic option grant shall be equal to one hundred percent (100%)
of the Fair Market Value per share of Common Stock on the automatic grant date. 
  

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 C. Payment. 
  
 The exercise price shall become immediately due upon exercise of the option and shall be payable in one of the alternative
forms specified below: 
  
 (i) full payment in
cash or check made payable to the Corporation’s order; or 
  
 (ii) full payment in shares of Common Stock held for the requisite period necessary to avoid a charge to the Corporation’s earnings for financial-reporting purposes and valued at Fair Market Value on the Exercise
Date (as such term is defined below); or 
  
 (iii) full payment in a combination of shares of Common Stock held for the requisite period necessary to avoid a charge to the Corporation’s earnings for financial-reporting purposes and valued at Fair Market Value on the Exercise Date
and cash or check payable to the Corporation’s order; or 
  
 (iv) full payment through a broker-dealer sale and remittance procedure pursuant to which the non-employee Board member (i) shall provide irrevocable written instructions to a Corporation-designated brokerage firm to
effect the immediate sale of the purchased shares and remit to the Corporation, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate exercise price payable for the purchased shares and (ii) shall
concurrently provide written directives to the Corporation to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale transaction. 
  
 For purposes of this Section 5.C, the Exercise Date shall be the date on which written notice of the option exercise is
delivered to the Corporation. Except to the extent the sale and remittance procedure specified above is used, payment of the exercise price for the purchased shares must accompany the exercise notice. 
  
 D. Exercisability/Vesting. Unless determined otherwise by the Board,
each automatic grant will vest and become exercisable as to 100% of the shares subject to the option after the completion of twelve (12) months of Board service following its date of grant. 
  
 Exercisability of the option shall be subject to acceleration as provided in
Section 5.G and Article 6. In no event, however, shall the option become exercisable for any additional option shares after the Optionee’s cessation of Board service. 
  
 E. Option Term. Each automatic grant under the Plan shall have a maximum term of ten (10) years measured from the
automatic grant date. 
  
 F. Non-Transferability. During
the lifetime of the Optionee, each automatic option grant shall be exercisable only by the Optionee and shall not be assignable or transferable by the Optionee other than a transfer of the option effected by will or by the laws of descent and
distribution following Optionee’s death. 
  

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 G. Effect of Termination of Board Service. 
  
 1. Should the Optionee cease to serve as a Board member for
any reason (other than death) while holding one or more automatic option grants under the Plan, then such individual shall have a twelve (12)-month period following the date of such cessation of Board service in which to exercise each such option
for any or all of the option shares for which the option is exercisable at the time of his or her cessation of Board service. Each such option shall immediately terminate and cease to be outstanding, at the time of such cessation of Board service,
with respect to any option shares for which the option is not otherwise at that time exercisable. 
  
 2. Should the Optionee die while serving as a Board member or within twelve (12) months after cessation of Board service, then any
automatic option grant held by the Optionee at the time of death may subsequently be exercised, for the option shares for which the option is exercisable at the time of his or her cessation of Board service (less any option shares purchased by the
Optionee prior to death), by the personal representative of the Optionee’s estate or by the person or persons to whom the option is transferred pursuant to the Optionee’s will or in accordance with the laws of descent and distribution. The
right to exercise each such option shall lapse upon the expiration of the twelve (12)-month period measured from the date of the Optionee’s cessation of service. 
  
 3. In no event shall any automatic grant under this Plan remain exercisable after the expiration date of the
maximum ten (10)-year option term. Upon the expiration of the applicable post-service exercise period under subparagraphs 1 through 3 above or (if earlier) upon the expiration of the maximum ten (10)-year option term, the automatic grant shall
terminate and cease to be outstanding for any option shares for which the option was not exercisable at the time of the Optionee’s cessation of Board service. 
  
 H. Stockholder Rights. The holder of an automatic option grant shall have none of the rights of a stockholder with
respect to any shares subject to such option until such individual shall have exercised the option and paid the exercise price for the purchased shares. 
  
 I. Remaining Terms. The remaining terms and conditions of each automatic option grant shall be as set forth in the form Stock Option Agreement
approved for use under the Plan. 
  
 ARTICLE 6. SPECIAL ACCELERATION EVENTS

  
 A. In the event of any Change in Control, the shares of
Common Stock at the time subject to each outstanding option but not otherwise fully exercisable shall automatically accelerate in full so that each such option shall, immediately prior to the specified effective date for the Change in Control,
become fully exercisable for all of the shares of Common Stock at the time subject to that option. Immediately following the consummation of the Change in Control, each automatic option grant under the Plan shall terminate and cease to be
outstanding, except to the extent assumed by the successor corporation or its parent company. 
  

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 B. The automatic option grants outstanding under the Plan shall in no way affect the right of the
Corporation to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 
  
 ARTICLE 7. AMENDMENT OF THE PLAN AND AWARDS 
  
 The Board has complete and exclusive power and authority to amend or modify
the Plan (or any component thereof) in any or all respects whatsoever. However, no such amendment or modification shall adversely affect rights and obligations with respect to options at the time outstanding under the Plan, unless the affected
Optionees consent to such amendment. Stockholder approval shall be obtained to the extent required by applicable law. 
  
 ARTICLE 8. EFFECTIVE DATE AND TERM OF PLAN 
  
 A. The Plan shall become effective on the Effective Date. One or more automatic option grants may be made under the Plan at any time on or after the
Effective Date. 
  
 B. The Plan shall terminate upon the
earlier of (i) September 8, 2008 or (ii) the date on which all shares available for issuance under the Plan shall have been issued pursuant to the exercise of the options granted under the Plan. If the date of termination is determined under
clause (i) above, then all option grants outstanding on such date shall thereafter continue to have force and effect in accordance with the provisions of the agreements evidencing those option grants. 
  
 ARTICLE 9. USE OF PROCEEDS 
  
 Any cash proceeds received by the Corporation from the sale of shares
pursuant to option grants under the Plan shall be used for general corporate purposes. 
  
 ARTICLE 10. REGULATORY APPROVALS 
  
 A. The
implementation of the Plan, the granting of any option under the Plan and the issuance of Common Stock upon the exercise of the option grants made hereunder shall be subject to the Corporation’s procurement of all approvals and permits required
by regulatory authorities having jurisdiction over the Plan, the options granted under it, and the Common Stock issued pursuant to it. 
  
 B. No shares of Common Stock or other assets shall be issued or delivered under this Plan unless and until there shall have been compliance with all
applicable requirements of Federal and state securities laws, including the filing and effectiveness of the Form S-8 registration statement for the shares of Common Stock issuable under the Plan, and all applicable listing requirements of the Nasdaq
National Market or any Stock Exchange on which the Common Stock is then listed for trading. 
  

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 ARTICLE 11. NO IMPAIRMENT OF RIGHTS 
  
 Neither the action of the Corporation in establishing the Plan nor any provision of the Plan shall be construed or
interpreted so as to affect adversely or otherwise impair the right of the Corporation or the stockholders to remove any individual from the Board at any time in accordance with the provisions of applicable law. 
  
 ARTICLE 12. MISCELLANEOUS PROVISIONS 
  
 A. The right to acquire Common Stock or other assets under the Plan may not
be assigned, encumbered or otherwise transferred by any Optionee. 
  
 B. The provisions of the Plan relating to the exercise of options shall be governed by the laws of the State of Delaware, as such laws are applied to contracts entered into and performed in such State. 
  
 C. The provisions of the Plan shall inure to the benefit of, and be binding
upon, the Corporation and its successors or assigns, whether by Change in Control or otherwise, and the Optionees, the legal representatives of their respective estates, their respective heirs or legatees and their permitted assignees. 

 
 ARTICLE 13. DEFINITIONS 
  
 Annual Meeting: the annual meeting of the Corporation’s
stockholders. 
  
 Board: the Corporation’s Board of
Directors. 
  
 Code: the Internal Revenue Code of 1986, as
amended. 
  
 Common Stock: shares of the Corporation’s
common stock. 
  
 Corporation: Vignette Corporation, a
Delaware corporation. 
  
 Change in Control: a change in
ownership or control of the Corporation effected through one of the following transactions: 
  
 a. the consummation of a merger or consolidation of the Corporation with or into another entity or any other corporate reorganization, if
more than 50% of the combined voting power of the continuing or surviving entity’s securities outstanding immediately after such merger, consolidation or other reorganization is owned by persons who were not stockholders of the Corporation
immediately prior to such merger, consolidation or other reorganization; 
  
 b. the sale, transfer or other disposition of all or substantially all of the Corporation’s assets; 
  

 6 

 c. a change in the composition of the Board, as a result of which fewer than one-third of
the incumbent directors are directors who either (i) had been directors of the Corporation on the date 24 months prior to the date of the event that may constitute a Change in Control (the “original directors”) or (ii) were elected, or
nominated for election, to the Board with the affirmative votes of at least a majority of the aggregate of the original directors who were still in office at the time of the election or nomination and the directors whose election or nomination was
previously so approved; 
  
 d. any transaction as
a result of which any person is the “beneficial owner” (as defined in Rule 13d-3 under the 1934 Act), directly or indirectly, of securities of the Corporation representing at least 50% of the total voting power represented by the
Corporation’s then outstanding voting securities. For purposes of this Paragraph (d), the term “person” shall have the same meaning as when used in sections 13(d) and 14(d) of the 1934 Act but shall exclude (i) a trustee or other
fiduciary holding securities under an employee benefit plan of the Corporation or of a Parent or Subsidiary and (ii) a corporation owned directly or indirectly by the stockholders of the Corporation in substantially the same proportions as their
ownership of the Common Stock of the Corporation; or 
  
 e. a transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Corporation’s incorporation or to create a holding company that will be owned in substantially the same proportions by the
persons who held the Corporation’s securities immediately before such transaction. 
  
 Effective Date: the date on which the Underwriting Agreement is executed and the initial public offering price of the Common Stock is established. 
  
 Fair Market Value: the Fair Market Value per share of Common Stock determined in accordance with the following
provisions: 
  
 a. If the Common Stock is at the
time traded on the Nasdaq National Market, then the Fair Market Value shall be the closing selling price per share of Common Stock on the date in question, as such price is reported by the National Association of Securities Dealers on the Nasdaq
National Market or any successor system. If there is no closing selling price for the Common Stock on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists.

  
 b. If the Common Stock is at the time listed
on any Stock Exchange, then the Fair Market Value shall be the closing selling price per share of Common Stock on the date in question on the Stock Exchange determined by the Plan Administrator to be the primary market for the Common Stock, as such
price is officially quoted in the composite tape of transactions on such exchange. If there is no closing selling price for the Common Stock on the date in question, then the Fair 

  

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Market Value shall be the closing selling price on the last preceding date for which such quotation exists. 
  
 c. For purposes of any option grants made on the date of
execution of the Underwriting Agreement, the Fair Market Value shall be deemed to be equal to the price per share at which the Common Stock is sold in the initial public offering pursuant to the Underwriting Agreement. 
  
 1934 Act: the Securities Exchange Act of 1934, as amended. 

 
 Optionee: any person to whom an option is granted under the Plan.

  
 Plan: this Vignette Corporation 1999 Non-Employee
Directors Option Plan. 
  
 Stock Exchange: either the
American Stock Exchange or the New York Stock Exchange. 
  
 Underwriting Agreement: the agreement between the Corporation and the underwriter or underwriters managing the initial public offering of the Common Stock. 
  

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