Document:

Section 162(m) Performance Incentive Award Plan

 Exhibit 10.4 
 WIND RIVER SYSTEMS, INC. 
 SECTION 162(m) PERFORMANCE INCENTIVE AWARD PLAN 
 Amended October 14, 2008 
 1. Purposes of the Plan. The Plan is intended to increase stockholder value and the success of the Company by motivating Participants (1) to perform to the best of their abilities, and (2) to achieve the Company’s
objectives. The Plan’s goals are to be achieved by offering Participants the opportunity to earn incentive awards for the achievement of goals relating to the performance of the Company. The Plan is intended to permit the payment of incentive
awards that qualify as performance-based compensation under section 162(m) of the Code. 
 2. Definitions. 
 (a) “Actual Award” means as to any Performance Period, the actual cash award (if any) payable to the Participant for
a Performance Period. Each Actual Award is determined by a Payout Formula for a Performance Period, subject to the Committee’s authority under Section 8(a) to eliminate or reduce the Actual Award otherwise payable. 
 (b) “Base Salary” means as to any Performance Period, the Participant’s earned salary during that Performance
Period. Such Base Salary shall be before both (a) deductions for taxes or benefits, and (b) deferrals of compensation pursuant to Company-sponsored plans. 
 (c) “Board” means the Board of Directors of the Company. 
 (d) “Code” means the Internal Revenue Code of 1986, as amended. 
 (e) “Committee” means the Compensation Committee of the Board, or a sub-committee of the Compensation Committee,
which shall consist solely of two or more members of the Board who are not employees of the Company and who otherwise qualify as “outside directors” within the meaning of Section 162(m). 
 (f) “Company” means Wind River Systems, Inc. 
 (g) “Determination Date” means the latest possible date that will not jeopardize a Target Award or Actual
Award’s qualification as Performance-Based Compensation. 
 (h) “Fiscal Year” means a fiscal year
of the Company. 
 (i) “Maximum Award” means as to any Participant for any Performance Period, three times
the Participant’s Target Award. 
 (j) “Participant” means an eligible executive or key employee of the
Company participating in the Plan for a Performance Period. 
 (k) “Payout Formula” means as to any
Performance Period, the formula or payout matrix established by the Committee pursuant to Section 7 in order to determine the Actual Awards (if any) to be paid to Participants. The formula or matrix may differ from Participant to Participant.

 (l) “Performance-Based Compensation” means compensation that is intended to qualify as
“performance-based compensation” within the meaning of Section 162(m). 
 (m) “Performance
Goals” means the goal(s) (or combined goal(s)) determined by the Committee (in its discretion) to be applicable to a Participant for a Target Award for a Performance Period. As determined by the Committee, the Performance Goals applicable
to an Actual Award and/or Target Award may provide for a targeted level or levels of achievement using one or more of the following objectively determinable measures: (i) cash flow (including operating cash flow or free cash flow), (ii)

 
revenue (on an absolute basis or adjusted for currency effects), (iii) gross margin, (iv) operating expenses or operating expenses as a
percentage of revenue, (v) earnings (which may include earnings before interest and taxes, earnings before taxes and net earnings, and may be determined in accordance with United States Generally Accepted Accounting Principles
(“GAAP”) or adjusted to exclude any or all non-GAAP items), (vi) earnings per share (on a GAAP or non-GAAP basis), (vii) growth in any of the foregoing measures, (viii) stock price, (ix) return on equity or average
stockholders’ equity, (x) total stockholder return, (xi) growth in stockholder value relative to the moving average of the S&P 500 Index or another index, (xii) return on capital, (xiii) return on assets or net assets,
(xiv) return on investment, (xv) economic value added, (xvi) operating profit, controllable operating profit, or net operating profit, (xvii) operating margin, (xviii) cash conversion cycle, (xix) market share,
(xx) contract awards or backlog, (xxi) overhead or other expense reduction, (xxii) credit rating, (xxiii) improvement in workforce diversity, (xxiv) customer indicators, (xxv) new product invention or innovation,
(xxvi) attainment of research and development milestones, (xxvii) improvements in productivity, (xxviii) attainment of objective operating goals, (xxix) bookings, and (xxx) individual employee performance metrics.
Performance Goals may differ from Participant to Participant, Performance Period to Performance Period and from award to award. Any Performance Goal may be tested or measured, as applicable, (1) in absolute terms, (2) in relative terms
(including, but not limited, the passage of time and/or against other companies or financial metrics), (3) on a per share and/or share per capita basis, (4) against the performance of the Company as a whole or against particular segments
or products of the Company, and/or (5) on a pre-tax or after-tax basis. On or prior to the Determination Date, the Committee shall determine whether any element(s) (for example, but not by way of limitation, the effect of mergers or
acquisitions) shall be included in or excluded from the calculation of any Performance Goal with respect to any Participants (whether or not such determinations result in any Performance Goal being measured on a basis other than GAAP). 

(n) “Performance Period” means any Fiscal Year or such other period shorter or longer than a Fiscal Year, as
determined by the Committee in its sole discretion. However, no Performance Period shall have a duration longer than three Fiscal Years. Also, with respect to any Participant, no more than three Performance Periods shall exist at any one time.

 (o) “Plan” means this Performance Incentive Award Plan, as amended from time to time. 
 (p) “Section 162(m)” means Section 162(m) of the Code, or any successor to Section 162(m), as that Section
may be interpreted from time to time by the Internal Revenue Service, whether by regulation, notice or otherwise. 
 (q) “Target Award” means the target award payable under the Plan to a Participant for the Performance Period, expressed as a percentage of his or her Base Salary or a specific dollar amount, as determined by the
Committee in accordance with Section 6. 
 3. Plan Administration. 
 (a) The Committee shall be responsible for the general administration and interpretation of the Plan and for carrying out its provisions.
Subject to the requirements for qualifying compensation as Performance-Based Compensation, the Committee may delegate specific administrative tasks to Company employees or others as appropriate for proper administration of the Plan. Subject to the
limitations on Committee discretion imposed under Section 162(m), the Committee shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way of limitation, the following powers and duties, but subject
to the terms of the Plan: 
 (i) discretionary authority to construe and interpret the terms of the Plan, and to
determine eligibility, Actual Awards and the amount, manner and time of payment of any Actual Awards hereunder; 
 (ii) to prescribe forms and procedures for purposes of Plan participation and distribution of Actual Awards; and 
  

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 (iii) to adopt rules, regulations and bylaws and to take such actions as it deems
necessary or desirable for the proper administration of the Plan. 
 (b) Any rule or decision by the Committee that is
not inconsistent with the provisions of the Plan shall be conclusive and binding on all persons, and shall be given the maximum deference permitted by law. 
 4. Eligibility. The employees eligible to participate in the Plan for a given Performance Period shall be employees of the Company who are designated by the Committee in its sole discretion. No person
shall be automatically entitled to participate in the Plan. 
 5. Performance Goal Determination. The Committee, in its sole
discretion, shall establish the Performance Goals for each Participant for the Performance Period. Such Performance Goals shall be set forth in writing on or prior to the Determination Date. 
 6. Target Award Determination. The Committee, in its sole discretion, shall establish a Target Award for each Participant. Each
Participant’s Target Award shall be determined by the Committee in its sole discretion, and each Target Award shall be set forth in writing prior to the Determination Date. 
 7. Determination of Payout Formula or Formulae. On or prior to the Determination Date, the Committee, in its sole discretion, shall
establish a Payout Formula or Formulae for purposes of determining the Actual Award (if any) payable to each Participant. Each Payout Formula shall (a) be set forth in writing prior to the Determination Date, (b) be based on a comparison
of actual performance to the Performance Goals, (c) provide for the payment of a Participant’s Target Award if the Performance Goals for the Performance Period are achieved, and (d) provide for an Actual Award greater than or less
than the Participant’s Target Award, depending upon the extent to which actual performance exceeds or falls below the Performance Goals. Notwithstanding the preceding, in no event shall a Participant’s Actual Award for any Performance
Period exceed the Maximum Award. 
 8. Determination of Awards; Award Payment. 
 (a) Determination and Certification. After the end of each Performance Period, the Committee shall certify in writing
(for example, in its meeting minutes) the extent to which the Performance Goals applicable to each Participant for the Performance Period were achieved or exceeded. The Actual Award for each Participant shall be determined by applying the Payout
Formula to the level of actual performance that has been certified by the Committee. Notwithstanding any contrary provision of the Plan, the Committee, in its sole discretion, may (a) eliminate or reduce the Actual Award payable to any
Participant below that which otherwise would be payable under the Payout Formula, and (b) determine whether or not a Participant will receive an Actual Award in the event the Participant incurs terminates his or her employment with the Company
prior to the date the Actual Award otherwise is to be paid. 
 (b) Right to Receive Payment. Each Actual
Award that may become payable under the Plan shall be paid solely from the general assets of the Company. Nothing in this Plan shall be construed to create a trust or to establish or evidence any Participant’s claim of any right to payment of
an Actual Award other than as an unsecured general creditor with respect to any payment to which he or she may be entitled. 
 (c) Form of Payment. The Company shall pay all Actual Awards in cash paid to the Participant. 
 (d) Timing of Payments. Except as provided in Section 8(e), the Company shall distribute amounts payable to Participants as soon as is practicable following the determination and written certification of the Actual
Award for a Performance Period, but in no event later than 75 days after the end of the applicable Performance Period. 
  

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 (e) Deferral. The Committee may defer payment of, and apply a vesting
schedule to, one or more Actual Awards, or any portion(s) thereof, as the Committee (in its sole discretion) determines, except that no such vesting schedule may exceed four years. In addition, the Committee, in its sole discretion, may permit a
Participant to defer receipt of the payment of cash that would otherwise be delivered to a Participant under the Plan. Any such deferral elections shall be subject to such rules and procedures as shall be determined by the Committee in its sole
discretion. 
 9. Term of Plan. Subject to approval of the Company’s stockholders at the Company’s 2007 Annual
Meeting, the Plan shall become effective on February 1, 2008. The Plan shall continue until terminated under Section 10 of the Plan. 
 10. Amendment and Termination of the Plan. The Committee may amend, modify, suspend or terminate the Plan, in whole or in part, at any time, including the adoption of amendments deemed necessary or desirable to correct any
defect or to supply omitted data or to reconcile any inconsistency in the Plan or in any Actual Award granted hereunder; provided, however, that no amendment, alteration, suspension or discontinuation shall be made that would (i) impair any
payments to Participants made prior to such amendment, modification, suspension or termination, unless the Committee has made a determination that such amendment or modification is in the best interests of all persons to whom Actual Awards have
theretofore been granted; provided further, however, that in no event may such an amendment or modification result in an increase in the amount of compensation payable pursuant to such Actual Award or (ii) cause compensation that is, or may
become, payable hereunder to fail to qualify as Performance-Based Compensation. To the extent necessary or advisable under applicable law, including Section 162(m), Plan amendments shall be subject to stockholder approval. At no time before the
actual distribution of funds to Participants under the Plan shall any Participant accrue any vested interest or right whatsoever under the Plan except as otherwise stated in this Plan. 
 11. Withholding. Distributions pursuant to this Plan shall be subject to all applicable federal and state tax and withholding
requirements. 
 12. Employment. This Plan does not constitute a contract of employment or compensation or impose on either
the Participant or the Company any obligation to retain the Participant as an employee. This Plan does not change the status of the Participant as an employee at will, the policies of the Company regarding termination of employment, nor guarantee
further continuing participation in the Plan. 
 13. Successors. All obligations of the Company under the Plan, with respect
to awards granted hereunder, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business
or assets of the Company. 
 14. Indemnification. Each person who is or shall have been a member of the Committee, or of the
Board, shall be indemnified and held harmless by the Company against and from (a) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit,
or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or any award, and (b) from any and all amounts paid by him or her in settlement thereof, with
the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend
the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the
Company’s Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any power that the Company may have to indemnify them or hold them harmless. 
 15. Nonassignment. The rights of a Participant under this Plan shall not be assignable or transferable by the Participant except by will
or the laws of intestacy. 
 16. Governing Law. The Plan shall be governed by the laws of the State of California (without
regard to its conflict of laws provisions). 
  

 - 4 -Amendment to Executive Employment Agreement

 Exhibit 10.5 
 WIND RIVER SYSTEMS, INC. 
 AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT 
 This Amendment to the Executive Employment Agreement (the “Amendment”) is made effective as of the last date signed below, by and between Wind
River Systems, Inc. (the “Company”), and Kenneth R. Klein (the “Executive”). 
 RECITALS 
 WHEREAS, the Company and Executive entered into that certain Executive Employment Agreement dated November 5, 2003 (the
“Agreement”). 
 WHEREAS, the Company and Executive desire to amend the Agreement to comply with the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended. 
 NOW, THEREFORE, the Company and Executive agree that in
consideration of the foregoing and the promises and covenants contained herein, the parties agree as follows: 
 AGREEMENT 

1. Annual Performance Bonus. Section 2.2 of the Agreement, entitled “Annual Performance Bonus,” is hereby amended in its
entirety to read as follows: 
 2.2 Annual Performance Bonus. Executive shall be
eligible for an annual performance bonus for each fiscal year Executive is employed by the Company. The amount of Executive’s annual performance bonus will be determined by the Board based on certain measurable goals, including a target for
on-plan performance and performance in excess of plan, established by mutual agreement between the Board and Executive before or within 90 days after the commencement of each fiscal year of the Company (the “Performance Criteria”);
provided, however, that the annual performance bonuses for on-target performance shall be no less than fifty percent (50%) of Executive’s annual base salary for such fiscal year, with appropriate adjustments for performance
that is in excess of or under target. Executive’s bonus will be paid out in accordance with the Company’s standard practice, but in no event later than two and one-half (2 1/2) months following the end of the Company’s fiscal year in which the bonus is earned by Executive. No bonus is guaranteed to Executive, and any bonus is subject to the approval of the
Board. 
 2. Severance Benefits for Termination Without Cause. Section 6.3(b) of the Agreement is hereby amended in its
entirety to read as follows: 
 (b) reimbursement of the cost of continued health insurance coverage for Executive and
Executive’s eligible dependents, if Executive elects continued coverage under federal COBRA or any state equivalent, for a period of 12 months from the termination date. Such reimbursements shall be made within thirty (30) days of the
premium payment; 

 3. Severance Benefits for Change of Control Termination. Section 7.2(a)(ii) of the Agreement
is hereby amended in its entirety to read as follows: 
 (ii) reimbursement of the cost of continued health insurance coverage
for Executive and Executive’s eligible dependents, if Executive elects continued coverage under federal COBRA or any state law equivalent, for a period of 24 months from the termination date. Such reimbursements shall be made within thirty
(30) days of the premium payment; and 
 4. Parachute Payments. Section 7.3 of the Agreement, entitled “Parachute
Payments,” is hereby amended in its entirety to read as follows: 
 7.3 Parachute Payments. If any payment or benefit Executive
would receive pursuant to a Change of Control from the Company or otherwise, but determined without regard to any additional payment required under this Section 7.3, (“Payment”) would (i) constitute a “parachute
payment” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and (ii) be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties payable
with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then Executive shall be entitled to receive from the Company an additional
payment (the “Gross-Up Payment,” and any iterative payments pursuant to this paragraph also shall be “Gross-Up Payments”) in an amount that shall fund the payment by Executive of any Excise Tax on the Payment, as well as all
income and employment taxes on the Gross-Up Payment, any Excise Tax imposed on the Gross-Up Payment and any interest or penalties imposed with respect to income and employment taxes imposed on the Gross-Up Payment. For this purpose, all income taxes
will be assumed to apply to Executive at the highest marginal rate. Any Gross-Up Payment shall be paid to Executive, or for his benefit, within 15 days following receipt by the Company of the report of the accounting firm described in
Section 7.3(b) below, but in no event later than the end of the Executive’s taxable year following the taxable year in which the Executive remitted the applicable taxes. In the event of any dispute, this paragraph shall be interpreted as
providing additional payments to Executive or for his benefit such that after receipt of all payments and benefits, Executive is in the same-after tax position as if no Excise Tax had been imposed on the Payment. 
 (a) The accounting firm engaged by the Company for general audit purposes as of the day prior to the effective date of the Change
of Control shall perform the foregoing calculations. If the accounting firm so engaged by the Company is also serving as accountant or auditor for the individual, entity or group which will control the Company upon the occurrence of a Change of
Control under Section 7.1(b), (c) or (d), the Company shall appoint a nationally recognized accounting firm other than the accounting firm engaged by the Company for general audit purposes to make the determinations required hereunder. The
Company shall bear all expenses with respect to the determinations by such accounting firm required to be made hereunder. 
  

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 (b) The accounting firm engaged to make the determinations hereunder shall provide
its calculations, together with detailed supporting documentation, to the Company and Executive within thirty (30) calendar days after the date on which such accounting firm has been engaged to make such determinations or such other time as
requested by the Company or Executive. If the accounting firm determines that no Excise Tax is payable with respect to a Payment, it shall furnish the Company and Executive with an opinion reasonably acceptable to Executive that no Excise Tax will
be imposed with respect to such Payment. Any good faith determinations of the accounting firm made hereunder shall be final, binding and conclusive upon the Company and Executive. 
 5. Code Section 409A. The following shall be added as Section 10 of the Agreement: 
 10. Code Section 409A. 
 (a) Notwithstanding anything to the contrary in this Agreement, if Executive is a “specified employee” within the meaning of Section 409A of the Code, and the final regulations and any guidance promulgated thereunder
(“Section 409A”) at the time of Executive’s termination (other than due to death), then the cash severance benefits payable to Executive under this Agreement, if any, and any other severance payments or separation benefits that may be
considered deferred compensation under Section 409A (together, the “Deferred Compensation Separation Benefits”) otherwise due to Executive on or within the six (6) month period following Executive’s termination shall accrue
during such six (6) month period and shall become payable in a lump sum payment on the date six (6) months and one (1) day following the date of Executive’s termination of employment. All subsequent payments, if any, shall be
payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following his termination but prior to the six (6) month anniversary of his date of
termination, then any payments delayed in accordance with this Section shall be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Compensation Separation Benefits shall be
payable in accordance with the payment schedule applicable to each payment or benefit. 
 (b) It is the intent of this
Agreement to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder shall be subject to the additional tax imposed under Section 409A, and any ambiguities herein shall be
interpreted to so comply. The Company and Executive agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional
tax or income recognition under Section 409A prior to actual payment to Executive. 
 (c) Notwithstanding any
other provisions of this Agreement, Executive’s receipt of severance payments and benefits under this Agreement is conditioned upon Executive signing and not revoking the Release and subject to the Release becoming effective within sixty
(60) days following Executive’s termination of employment (the “Release Period”). No severance will be paid or provided until the Release becomes effective. No severance will be paid or provided unless the Release becomes
effective during the Release Period. In the 

  

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event Executive’s employment termination occurs on or after November 1 of any year, any severance will be paid in arrears on the first payroll date
to occur during the following calendar year, or such later time as required by the payment schedule applicable to each payment or benefit) or Code Section 409A. 
 6. Full Force and Effect. To the extent not expressly amended hereby, the Agreement shall remain in full force and effect. 
 7. Entire Agreement. This Amendment and the Agreement constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof. 
 8. Successors and Assigns. This Amendment and the rights and obligations of the parties hereunder shall inure to the benefit of, and be binding
upon, their respective successors, assigns, and legal representatives. 
 9. Counterparts. This Amendment may be executed in
counterparts, all of which together shall constitute one instrument, and each of which may be executed by less than all of the parties to this Amendment. 
 10. Governing Law. This Amendment shall be governed in all respects by the internal laws of California, without regard to principles of conflicts of law. 
 11. Amendment. Any provision of this Amendment may be amended, waived or terminated by a written instrument signed by the Company and
Executive. 
 (Signature page follows) 
  

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	KENNETH R. KLEIN	 		 	WIND RIVER SYSTEMS, INC.
			
	/s/ Kenneth R. Klein	 		 	/s/ Ian Halifax
	Signature	 		 	Signature
			
	 	 		 	Ian Halifax
		 		 	Print Name
			
	Date: 10/16/08	 		 	CFO
		 		 	Print Title
			
		 		 	Date: 16 October, 2008

 (Signature page to Amendment to Klein Agreement)

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