Document:

EX-10.7

 Exhibit 10.7 

ASANA, INC. 
 EXECUTIVE
SEVERANCE AND CHANGE IN CONTROL BENEFIT PLAN 
 1.    Introduction. The purpose of this Asana, Inc. Executive
Severance and Change in Control Benefit Plan (the “Plan”) is to provide assurances of specified severance benefits to eligible executives of the Company whose employment is terminated by the Company or a successor under certain
circumstances. The Plan is intended to be a “top hat” plan that is exempt from the participation, vesting, funding, and fiduciary requirements of Title I of ERISA (as defined below). The Plan shall supersede any individual agreement
between the Company and any Covered Employee (as defined below) and any other plan, policy or practice, whether written or unwritten, maintained by the Company with respect to a Covered Employee, in each case to the extent that such agreement, plan,
policy or practice provides for severance benefits upon the Covered Employee’s separation from the Company. 

2.    Definitions. For purposes of the Plan, the terms below are defined as follows: 

2.1.    “Administrator” means the Board or Compensation Committee prior to a Change in
Control; or, after a Change in Control, one or more members of the successor Board or Compensation Committee or other persons designated by the Company’s Board or Compensation Committee prior to such Change in Control. 

2.2.    “Affiliate” means, at the time of determination, any “parent” or
“subsidiary” of the Company as such terms are defined in Rule 405 promulgated under the Securities Act of 1933, as amended. The Administrator may determine the time or times at which “parent” or “subsidiary” status is
determined within the foregoing definition. 
 2.3.    “Board” means the Board of
Directors of the Company. 
 2.4.    “Cause” means the termination of a Covered
Employee’s employment with the Company or its subsidiaries due to: (i) commission of any felony or any crime involving fraud, dishonesty or moral turpitude under the laws of the United States or any state thereof; (ii) attempted
commission of, or participation in, a fraud or act of dishonesty against the Company or any Affiliate; (iii) intentional, material violation of any material contract or material agreement between the Covered Employee and the Company or any
Affiliate of any statutory duty owed to the Company or any Affiliate; (iv) willful or intentional failure to comply with any valid and legal directive of the Board or its delegate; (v) unauthorized use or disclosure of the Company’s
or any Affiliate’s confidential information or trade secrets; or (vi) gross misconduct. The determination that a termination of the Covered Employee’s employment is either for Cause or without Cause will be made by the Administrator,
in its sole discretion. Any determination by the Administrator that the employment of a Covered Employee was terminated with or without Cause for the purposes of the Plan will have no effect upon any determination of the rights or obligations of the
Company or such Covered Employee for any other purpose. 

 2.5.    “Change in Control” shall be as
defined in the Company’s [2020 Equity Incentive Plan] (as amended or amended and restated from time to time). 

2.6.    “Change in Control Period” means the time period beginning three months prior to
the date on which a Change in Control becomes effective and ending eighteen months following the effective date of such Change in Control. 

2.7.    “COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended. 
 2.8.    “Company” means Asana, Inc. and any successor. 

2.9.    “Compensation Committee” means the Compensation Committee of the Board. 

2.10.    “Covered Employee” means an employee of the Company or any Affiliate who
(i) is classified as a salary grade level 10 (or its equivalent following a Change in Control) or higher, as determined by the Administrator, and (ii) has timely and properly executed and delivered a Participation Agreement to the Company.

 2.11.    “Covered Termination” means a Covered Employee’s termination of the
employment either (i) at any time, by the Company or any Affiliate without Cause or (ii) during the Change in Control Period, by such Covered Employee for Good Reason. 

2.12.    “Effective Date” means the effective date of a registration statement for an
initial public offering of the Company’s common stock either through a traditional IPO or a direct listing. 

2.13.    “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

 2.14.    “Good Reason” means the Covered Employee’s resignation from all
positions the Covered Employee then holds with the Company (and all parents and subsidiaries of the Company) within 60 days following expiration of the cure period for the following events taken without the Covered Employee’s express written
consent, provided that the Covered Employee has given the Board written notice of such event within 30 days after the first occurrence of such event setting forth the basis for the Covered Employee’s resignation and the Company has not
reasonably cured such event within 30 days after the Board’s receipt of such written notice: (i) a material reduction in the Covered Employee’s duties, authority or responsibilities, provided that neither (A) a change in title
nor (B) a change in the Covered Employee’s reporting relationships, in either case, by virtue of the Company being acquired or made part of a larger entity will be deemed a “material reduction” in and of itself; (ii) a
reduction in the Covered Employee’s base salary by more than 10%, other than as part of an across-the-board salary reduction applicable to all similarly situated
employees; (iii) the Company (or its successor) conditions the Covered Employee’s continued employment on the relocation of the Covered Employee’s principal place of employment to a place that increases the Covered Employee’s one-way commute by more than 35 miles as compared to the Covered Employee’s then-current principal place of employment immediately prior to such relocation; or (iv) failure by a successor to assume this
Plan. 

  
 2 

 2.15.    “Participation Agreement”
means the individual agreement (as will be provided in separate cover as Appendix A) provided by the Administrator to a Covered Employee under the Plan, which has been signed and accepted by the Covered Employee. 

2.16.    “Severance Benefits” means the compensation and other benefits the Covered
Employee will be provided pursuant to either Section 4 or 5, as applicable. 

2.17.    “Termination Date” means the Covered Employee’s last day of employment with
the Company and its Affiliates. 
 3.    Eligibility for Severance Benefits. An individual is eligible for
severance benefits under the Plan, in the amounts set forth in Sections 4 and 5, only if such individual is a Covered Employee on the date such individual experiences a Covered Termination. 

4.    Severance Benefits. 

4.1.    Covered Termination Outside of the Change in Control Period. If, at any time other than
during the Change in Control Period, a Covered Employee experiences a Covered Termination, then, subject to such Covered Employee’s compliance with Section 6, such Covered Employee shall receive the following Severance Benefits from the
Company: 
 4.1.1.    Cash Severance Benefits. The Covered Employee shall receive cash severance
in an amount equal to four months of Covered Employee’s (i) annual base salary and (ii) target annual bonus (if applicable) for the year in which the Termination Date occurs. The cash amount shall be paid, less applicable tax
withholdings, in a single lump sum payment on the 60th day following the Termination Date. 

4.1.2.    COBRA Premium Payment. The Covered Employee shall receive a cash payment in an amount
equal to (i) the monthly cost of group health insurance coverage under COBRA for the Covered Employee and his or her covered dependents (determined based on the Covered Employee’s group health insurance coverage, if any, provided by the
Company or an Affiliate as of the Termination Date) multiplied by (ii) four. The cash amount shall be paid, less applicable tax withholdings, in a single lump sum payment on the 60th day
following the Termination Date. 
 4.1.3.    Equity Vesting. Other than any equity award that
expressly overrides this provision, each of the Covered Employee’s then-outstanding equity awards that is subject to a time-based cliff vesting period of one year or more shall accelerate and become vested and, if applicable, exercisable as to
a prorated portion of the shares subject to the cliff vesting portion of such equity award (with such proration calculated based on the number of completed months of employment during the applicable cliff vesting period prior to the Termination Date
divided by the 

  
 3 

 
total number of months during the applicable cliff vesting period). Subject to Section 6, the accelerated vesting described in this paragraph shall be effective as of the Termination Date.
Notwithstanding anything herein to the contrary, nothing in the Plan shall limit the Company’s ability to accelerate vesting and/or exercisability of outstanding equity awards pursuant to the terms of the applicable equity incentive plan of the
Company. 
 5.    Change in Control Severance Benefits. 

5.1.    Covered Termination During the Change in Control Period. If, at any time during the Change
in Control Period, a Covered Employee experiences a Covered Termination, then, subject to the Covered Employee’s compliance with Section 6, the Covered Employee shall receive the following Severance Benefits from the Company: 

5.1.1.    Cash Severance Benefits. The Covered Employee shall receive cash severance in an amount
equal to the sum of the Covered Employee’s (i) annual base salary and (ii) target annual bonus (if applicable) for the year (12 months) in which the Termination Date occurs. The cash amount shall be paid, less applicable tax
withholdings, in a single lump sum payment on the 60th day following the Termination Date. 

5.1.2.    Prorated Target Bonus. The Covered Employee shall receive a cash payment equal to the
product of (i) the Covered Employee’s target annual bonus (if applicable) for the year in which the Termination Date occurs and (ii) a fraction, the numerator of which is the number of full months the Covered Employee was employed by
the Company or an Affiliate during the year in which the Termination Date occurs and the denominator of which is 12. This amount shall be paid, less applicable tax withholdings, in a single lump sum payment on the 60th day following the Termination Date. 

5.1.3.    COBRA Premium Payment. The Covered Employee shall receive a cash payment in an amount
equal to (i) the monthly cost of group health insurance coverage under COBRA for the Covered Employee and his or her covered dependents (determined based on the Covered Employee’s group health insurance coverage, if any, provided by the
Company or an Affiliate as of the Termination Date) multiplied by (ii) twelve. The cash amount shall be paid, less applicable tax withholdings, in a single lump sum payment on the 60th day
following the Termination Date. 
 5.1.4.    Equity Vesting. Other than any equity award that
expressly overrides this provision, each of the Covered Employee’s then-outstanding equity awards, including awards that would otherwise vest only upon satisfaction of performance criteria, shall accelerate and become vested and, if applicable,
exercisable as to the applicable percentage set forth in the table below for each unvested tranche of shares subject to the equity award, with such accelerated vesting based on the number of years between the Termination Date and the date such
tranche 

  
 4 

 
would have otherwise vested. Subject to Section 6, the accelerated vesting described in this paragraph shall be effective as of the Termination Date. For purposes of this Section 5.1.3,
any equity awards subject to performance-based vesting shall accelerate based on achievement at the target performance level. Notwithstanding anything herein to the contrary, nothing in the Plan shall limit the Company’s ability to accelerate
vesting and/or exercisability of outstanding equity awards pursuant to the terms of the applicable equity incentive plan of the Company. 
  

									
	 Number of Years from

Termination Date until the

Tranche’s Vesting Date    
	  	Tranche’s Vesting
Percentage L11+	 	 	Tranche’s Vesting
Percentage L10	 
	 Fewer than 4 years
	  	 	100	% 	 	 	50	% 
	 4-6 years
	  	 	50	% 	 	 	25	% 
	 Greater than 6 years
	  	 	25	% 	 	 	12.5	% 

 6.    Conditions to Receipt of Severance. 

6.1.    Release Agreement. As a condition to receiving the Severance Benefits, a Covered Employee must sign and not
revoke a waiver and release of all claims in favor of the Company and its subsidiaries and affiliates (the “Release”) in such form as may be provided by the Company. The Release will include specific information regarding the amount
of time the Covered Employee will have to consider the terms of the Release and return the signed agreement to the Company. 

6.2    Other Requirements. A Covered Employee’s receipt of Severance Benefits pursuant to Section 4 or 5
will be subject to such Covered Employee continued material compliance with the terms of the Release, the Participation Agreement, any confidential information agreement, proprietary information and inventions agreement and any other agreement
between the Covered Employee and the Company. Severance Benefits under the Plan shall terminate immediately for a Covered Employee if such Covered Employee is in material violation, at any time, of any legal or contractual obligation owed to the
Company. 
 6.3    Section 280G. Any provision of the Plan to the contrary notwithstanding, if any payment or
benefit a Covered Employee would receive from the Company and its subsidiaries or an acquiror pursuant to the Plan or otherwise (a “Payment”) would (i) constitute a “parachute payment” within the meaning of
Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment will be equal to the Higher Amount (defined below). The
“Higher Amount” will be either (x) the largest portion of the Payment that would result in no portion of the Payment being subject to the Excise Tax or (y) the largest portion, up to and including the total, of the
Payment, whichever amount, after taking into account all applicable federal, state and local 

  
 5 

 
employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in Covered Employee’s receipt, on an
after-tax basis, of the greater economic benefit notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute
payments” is necessary so that the Payment equals the Higher Amount, reduction will occur in the manner that results in the greatest economic benefit for a Covered Employee. If more than one method of reduction will result in the same economic
benefit, the items so reduced will be reduced pro rata. In no event will the Company, any subsidiary or any stockholder be liable to any Covered Employee for any amounts not paid as a result of the operation of this Section 6.3. The Company
will use commercially reasonable efforts to cause the accounting or law firm engaged to make the determinations hereunder to provide its calculations, together with detailed supporting documentation, to a Covered Employee and the Company within 15
calendar days after the date on which such Covered Employee’s right to a Payment is triggered (if requested at that time by such Covered Employee or the Company) or such other time as requested by such Covered Employee or the Company. 

7.    Non-Duplication of Benefits. Notwithstanding any other provision in
the Plan to the contrary, the Severance Benefits provided to a Covered Employee are intended to be and are exclusive and in lieu of any other severance and change in control benefits or payments to which such Covered Employee may otherwise be
entitled, either at law, tort, or contract, in equity, or under the Plan, in the event of any termination of such Covered Employee’s employment. The Covered Employee will be entitled to no severance or change in control benefits or payments
upon a termination of employment that constitutes a Covered Termination other than those benefits expressly set forth herein and those benefits required to be provided by applicable law or as negotiated in accordance with applicable law (including
any severance benefits that may be included in a severance agreement, employment agreement or similar contract between the Company or a subsidiary of the Company and the Covered Employee). Notwithstanding the foregoing, if a Covered Employee is
entitled to any benefits other than the benefits under the Plan by operation of applicable law or as negotiated in accordance with applicable law, such Covered Employee’s benefits under the Plan shall be provided only to the extent more
favorable than such other arrangement. The Administrator, in its sole discretion, shall have the authority to reduce or otherwise adjust a Covered Employee’s benefits under the Plan, in whole or in part, by any other severance benefits, pay and
benefits in lieu of notice, or other similar benefits payable to such Covered Employee under the Plan that become payable in connection with the Covered Employee’s termination of employment pursuant to (i) any applicable legal requirement,
including the Worker Adjustment and Retraining Notification Act (the “WARN Act”), the California Plant Closing Act or any other similar state law, or (ii) any policy or practice of the Company providing for the Covered Employee
to remain on payroll for a limited period of time after being given notice of termination. The benefits provided under the Plan are intended to satisfy, in whole or in part, any and all statutory obligations of the Company that may arise out of a
Covered Employee’s termination of employment, and the Plan Administrator shall so construe and implement the terms of the Plan. 

8.    Section 409A. Notwithstanding anything to the contrary in the Plan, no severance payments
or benefits will become payable until the Covered Employee has a “separation from service” within the meaning of Section 409A of the Code and the final regulations and any 

  
 6 

 
guidance promulgated thereunder (“Section 409A”). Further, if some or all of the Covered Employee’s Severance Benefits are subject to Section 409A
and such Covered Employee is a “specified employee” within the meaning of Section 409A at the time of such Covered Employee’s separation from service (other than due to death), then such Severance Benefits otherwise due to such
Covered Employee on or within the six-month period following such Covered Employee’s separation from service will accrue during such six-month period and will
become payable in a lump sum payment (less applicable withholding taxes) on the date six months and one day following the date of the Covered Employee’s separation from service if necessary to avoid adverse taxation under Section 409A. All
subsequent payments, if any, will be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if the Covered Employee dies following such Covered Employee’s
separation from service but prior to the six-month anniversary of such Covered Employee’s date of separation, then any payments delayed in accordance with this paragraph will be payable in a lump sum
(less applicable withholding taxes) to the Covered Employee’s estate as soon as administratively practicable after the date of such Covered Employee’s death and all other benefits will be payable in accordance with the payment schedule
applicable to each payment or benefit. Each payment and benefit payable under the Plan is intended to constitute a separate payment for purposes of Section 409A. It is the intent of the Plan to comply with or be exempt from the requirements of
Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. Notwithstanding the
foregoing, the Company makes no representations that the payments and benefits provided under the Plan comply with Section 409A, and in no event shall the Company or any of its Affiliates or representatives be liable for all or any portion of
any taxes, penalties, interest, or other expenses that may be incurred by the Covered Employee on account of non-compliance with Section 409A. 

9.    Withholding. The Company or an Affiliate will withhold from any Severance Benefits all federal, state, local
and other taxes required to be withheld therefrom and any other required payroll deductions. 

10.    Administration. The Plan will be administered and interpreted by the Administrator (in the
Administrator’s sole discretion). Any decision made or other action taken by the Administrator with respect to the Plan, and any interpretation by the Administrator of any term or condition of the Plan, or any related document, will be
conclusive and binding on all persons and be given the maximum possible deference allowed by law. Any decision made or other action taken by the Administrator with respect to the Plan, and any interpretation by the Administrator of any term or
condition of the Plan, or any related document that (i) does not affect the benefits payable under the Plan shall not be subject to review unless found to be arbitrary and capricious or (ii) does affect the benefits payable under the Plan
shall not be subject to review unless found to be unreasonable or not to have been made in good faith. 

11.    Amendment or Termination. The Company, by action of the Administrator, reserves the right to amend or
terminate the Plan at any time, without advance notice to any Covered Employee and without regard to the effect of the amendment or termination on any Covered Employee or on any other individual. Any amendment or termination of the Plan will be in
writing. Notwithstanding the foregoing, a Covered Employee’s rights to receive 

  
 7 

 
payments and benefits pursuant to the Plan in connection with a Covered Termination during a Change in Control Period may not be adversely affected, without the Covered Employee’s written
consent, by an amendment or termination of the Plan occurring during such Change in Control Period. Unless sooner terminated by the Administrator, the Plan will automatically terminate on the tenth anniversary of the Effective Date. 

12.    Claims Procedure. Claims for benefits under the Plan shall be administered in accordance with
Section 503 of ERISA and the Department of Labor Regulations thereunder. Any employee or other person who believes they are entitled to any payment under the Plan (a “claimant”) may submit a claim in writing to the
Administrator within 90 days of the earlier of (i) the date the claimant learned the amount of such claimant’s severance benefits under the Plan or (ii) the date the claimant learned that they will not be entitled to any benefits
under the Plan. In determining claims for benefits, the Administrator or its delegate has the authority to interpret the Plan, to resolve ambiguities, to make factual determinations, and to resolve questions relating to eligibility for and amount of
benefits. If the claim is denied (in full or in part), the claimant will be provided a written notice explaining the specific reasons for the denial and referring to the provisions of the Plan on which the denial is based. The notice will also
describe any additional information or material that the Administrator needs to complete the review and an explanation of why such information or material is necessary and the Plan’s procedures for appealing the denial (including a statement of
the applicant’s right to bring a civil action under Section 502(a) of ERISA following a denial on review of the claim, as described below). The denial notice will be provided within 90 days after the claim is received. If special
circumstances require an extension of time (up to 90 days), written notice of the extension will be given to the claimant (or representative) within the initial 90-day period. This notice of extension
will indicate the special circumstances requiring the extension of time and the date by which the Administrator expects to render its decision on the claim. If the extension is provided due to a claimant’s failure to provide sufficient
information, the time frame for rendering the decision will be tolled from the date the notification is sent to the claimant about the failure to the date on which the claimant responds to the request for additional information. The Administrator
has delegated the claims review responsibility to the Company’s Head of People or such other individual designated by the Administrator, except in the case of a claim filed by or on behalf of the Company’s Head of People or such other
individual designated by the Administrator, in which case, the claim will be reviewed by the Company’s Chief Executive Officer. 

13.    Appeal Procedure. If the claimant’s claim is denied, the claimant (or such claimant’s authorized
representative) may apply in writing to an appeals official appointed by the Administrator (which may be a person, committee or other entity) for a review of the decision denying the claim. Review must be requested within 60 days following the
date the claimant received the written notice of a claim denial or else the claimant will lose the right to such review. A request for review must set forth all the grounds on which such request is based, all facts in support of the request, and any
other matters that the claimant feels are pertinent. In connection with the request for review, the claimant (or representative) has the right to review and obtain copies of all documents and other information relevant to the claim, upon request and
at no charge, and to submit written comments, documents, records and other information relating to such claimant’s claim. The review shall take into account all comments, documents, records and other information submitted by the claimant (or

  
 8 

 
representative) relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. The appeals official will provide written
notice of its decision on review within 60 days after it receives a review request. If special circumstances require an extension of time (up to 60 days), written notice of the extension will be given to the claimant (or representative) within
the initial 60-day period. This notice of extension will indicate the special circumstances requiring the extension of time and the date by which the appeals official expects to render its decision. If the
extension is provided due to a claimant’s failure to provide sufficient information, the time frame for rendering the decision on review is tolled from the date the notification is sent to the claimant about the failure to the date on which the
claimant responds to the request for additional information. If the claim is denied (in full or in part) upon review, the claimant will be provided a written notice explaining the specific reasons for the denial and referring to the provisions of
the Plan on which the denial is based. The notice shall also include a statement that the claimant will be provided, upon request and free of charge, reasonable access to, and copies of, all documents and other information relevant to the claim and
a statement regarding the claimant’s right to bring an action under Section 502(a) of ERISA. The Administrator has delegated the appeals review responsibility to the Company’s Head of People, except in the case of an appeal filed by
or on behalf of the Company’s Head of People, in which case, the appeal will be reviewed by the Company’s Chief Executive Officer. 

14.    Arbitration. No arbitration proceeding shall be brought to recover benefits under the Plan until the claims
procedures described in Sections 12 and 13 have been exhausted and the Plan benefits requested have been denied in whole or in part. Notwithstanding any other provision of the Plan, to ensure the timely and economical resolution of disputes, all
disputes, claims, or causes of action arising from or relating to the enforcement, breach, performance or interpretation of the Plan will be resolved to the fullest extent permitted by law by final, binding and confidential arbitration, by a single
arbitrator, in San Francisco, California, conducted by JAMS, Inc. (“JAMS”) under the then-applicable JAMS rules (available at the following web address: https://www.jamsadr.com/rules-employment). By agreeing to this arbitration
procedure, each Covered Employee and the Company waive the right to resolve any such dispute through a trial by jury or judge or administrative proceeding. Covered Employees will have the right to be represented by legal counsel at any arbitration
proceeding. In addition, all claims, disputes, or causes of action under this section, whether by a Covered Employee or the Company, must be brought in an individual capacity, and shall not be brought as a plaintiff (or claimant) or class member in
any purported class or representative proceeding, nor joined or consolidated with the claims of any other person or entity. The arbitrator may not consolidate the claims of more than one person or entity, and may not preside over any form of
representative or class proceeding. To the extent that the preceding sentences regarding class claims or proceedings are found to violate applicable law or are otherwise found unenforceable, any claim(s) alleged or brought on behalf of a class shall
proceed in a court of law rather than by arbitration. The arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law; and
(b) issue a written arbitration decision, to include the arbitrator’s essential findings and conclusions and a statement of the award. The arbitrator shall be authorized to award any or all remedies that a Covered Employee or the Company
would be entitled to seek in a court of law. The Company shall pay all JAMS’ arbitration fees in excess of the amount of court fees that would be required of a Covered Employee if the dispute were

  
 9 

 
decided in a court of law. Nothing in this paragraph is intended to prevent either a Covered Employee or the Company from obtaining injunctive relief in court to prevent irreparable harm pending
the conclusion of any such arbitration. Any awards or orders in such arbitrations may be entered and enforced as judgments in the federal and state courts of any competent jurisdiction. Any arbitration must be commenced within one year after the
Covered Employee’s receipt of notification that their appeal was denied. The foregoing provisions shall apply to the extent consistent with and permitted by ERISA. 

15.    Source of Payments. All severance benefits will be paid in cash from the general funds of the Company; no
separate fund will be established under the Plan, and the Plan will have no assets. No right of any person to receive any payment under the Plan will be any greater than the right of any other general unsecured creditor of the Company. 

16.    Inalienability. In no event may any current or former employee of the Company or any Affiliate sell,
transfer, anticipate, assign or otherwise dispose of any right or interest under the Plan. At no time will any such right or interest be subject to the claims of creditors nor liable to attachment, execution or other legal process. 

17.    No Enlargement of Employment Rights. Neither the establishment nor maintenance of the Plan, any amendment of
the Plan, nor the making of any benefit payment hereunder, will be construed to confer upon any individual any right to be continued as an employee of the Company or any Affiliate. The Company expressly reserves the right to discharge any of its
employees at any time, with or without Cause. However, as described in the Plan, a Covered Employee may be entitled to benefits under the Plan depending upon the circumstances of such Covered Employee’s termination of employment. 

18.    Successors. Any successor to the Company of all or substantially all of the Company’s business or
assets (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) will assume the obligations under the Plan and agree expressly to perform the obligations under the Plan in the same manner and to the same
extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under the Plan, the term “Company” will include any successor to the Company’s business or assets which become
bound by the terms of the Plan by operation of law, or otherwise. 
 19.    Applicable Law. The provisions of the
Plan will be construed, administered and enforced in accordance with ERISA and, to the extent applicable, the internal substantive laws of the State of California (except its conflict of laws provisions). 

20.    Severability. If any provision of the Plan is held invalid or unenforceable, its invalidity or
unenforceability will not affect any other provision of the Plan, and the Plan will be construed and enforced as if such provision had not been included. 

21.    Headings. Headings in the Plan document are for purposes of reference only and will not limit or otherwise
affect the meaning hereof. 

  
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 APPENDIX A 

ASANA, INC. 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL 

BENEFIT PLAN 

Participation Agreement 

Asana, Inc. (the “Company”) is pleased to inform you, [name], that you have been selected to participate in the
Company’s Executive Severance and Change in Control Benefit Plan (the “Plan”) as a Covered Employee. A copy of the Plan was delivered to you with this Participation Agreement. Your participation in the Plan is subject to
all of the terms and conditions of the Plan. The capitalized terms used but not defined herein will have the meanings ascribed to them in the Plan. 

In order to become a Covered Employee under the Plan, you must complete and sign this Participation Agreement and return it to [name]
no later than [date]. 
 The Plan describes in detail certain circumstances under which you may become eligible for Severance
Benefits and the amount of those benefits. As described more fully in the Plan, you may become eligible for certain Severance Benefits if you experience a Covered Termination. 

In order to receive any Severance Benefits for which you otherwise become eligible under the Plan, you must sign and deliver to the Company
the Release, which must have become effective and irrevocable, and otherwise comply with the requirements under Section 6 of the Plan. 

In accordance with Section 7 of the Plan, the benefits, if any, provided under the Plan are intended to be the exclusive benefits for you
related to your termination of employment with the Company and/or a change in control of the Company and will supersede and replace any severance and/or change in control benefits to which you otherwise would eligible to participate in any other
Company severance and/or change in control policy, plan, agreement or other arrangement. 
 By your signature below, you and the Company
agree that your participation in the Plan is governed by this Participation Agreement and the provisions of the Plan. Your signature below confirms that: (i) you have received a copy of the Plan; (ii) you have carefully read this
Participation Agreement and the Plan and you acknowledge and agree to its terms, including, but not limited to, Section 7 of the Plan; and (iii) decisions and determinations by the Administrator under the Plan will be final and binding on
you and your successors. 
  

									
	ASANA, INC.	 		 	COVERED EMPLOYEE
			
	
                     
                                         
                                      
	 		 	
                     
                                         
                  

		 	Signature	 		 		 	Signature
					
	Name:	 	
                     
                                         
                              
	 		 	Name:	 	
                     
                                         
                              

					
	Title:	 	
                     
                                         
                              
	 		 	Title:	 	
                     
                                         
                              

					
	Date:	 	
                     
                                         
                              
	 		 	Date:	 	
                     
                                         
                              

 Attachment: Asana, Inc. Severance Benefit PlanEX-10.8

 Exhibit 10.8 
  

 
 

 
 1550 Bryant Street, Suite 200 
 San Francisco, CA
94103     
 August 20, 2020 
 Dustin Moskovitz 

Dear Dustin, 
 You are currently employed by Asana, Inc., a Delaware corporation
(the “Company”), as its President, Chief Executive Officer, and Chair of the Board of Directors (the “Board”). This letter confirms the existing terms and conditions of your employment in that role. 

 

	 	1.	 POSITION. You are serving in a full-time capacity as President, Chief Executive Officer, and Chair of the Board reporting
to the Board, working at our facility located in San Francisco, CA. Subject to the other provisions of this letter agreement, we may change your position, duties, and work location from time to time at our discretion. 

 

	 	2.	 EMPLOYEE BENEFITS. As a regular employee of the Company, you are eligible to participate in the Company’s standard
benefits, subject to the terms and conditions of such plans and programs. The Company will pay for your health insurance premiums, if applicable, while your salary is $1. Subject to the other provisions of this letter agreement, we may change
compensation and benefits from time to time at our discretion. 

  

	 	3.	 SALARY. Your annual base salary is $1, payable in accordance with the Company’s standard payroll practices for
salaried employees. This salary will be subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time. 

  

	 	4.	 EQUITY. You have been granted various equity interests in the Company. Those equity interests shall continue to be
governed in all respects by the terms of the applicable equity agreements, grant notices, and equity plans. 

  

	 	5.	 CONFIDENTIAL INFORMATION AND INVENTION ASSIGNMENT AGREEMENT. You remain subject to the terms of the Confidential
Information and Invention Assignment Agreement that you previously executed. 

  

	 	6.	 PERIOD OF EMPLOYMENT. Your employment with the Company remains “at will,” meaning that either you or the
Company may terminate your employment at any time and for any reason, with or without cause. This remains the full and complete agreement between you and the Company on this term. Although your job duties, 

	 	
title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be
changed in an express written agreement signed by you and a duly authorized officer of the Company. 

  

	 	7.	 SEVERANCE. You will be eligible for severance benefits under the terms and conditions of the Company’s Executive
Severance and Change in Control Benefit Plan. 

  

	 	8.	 INDEMNIFICATION. You will be provided with indemnification to the maximum extent permitted by law by the Company’s
directors and officers insurance policies, if any, and the Indemnification Agreement between you and the Company, dated August 20, 2020. 

  

	 	9.	 AMENDMENT. This letter agreement (except for terms reserved to the Company’s discretion) may not be amended or
modified except by an express written agreement signed by you and a duly authorized member of the Board. 

  

	 	10.	 ARBITRATION. To ensure the rapid and economical resolution of disputes that may arise in connection with your employment
with the Company, you and the Company agree that any and all disputes, claims, or causes of action, in law or equity, including but not limited to statutory claims, arising from or relating to the enforcement, breach, performance, or interpretation
of this agreement, your employment with the Company, or the termination of your employment, shall be resolved pursuant to the Federal Arbitration Act, 9 U.S.C. § 1-16, to the fullest extent permitted by
law, by final, binding and confidential arbitration conducted by JAMS or its successor, under JAMS’ then applicable rules and procedures for employment disputes before a single arbitrator (available upon request and also currently available at
http://www.jamsadr.com/rules-employment-arbitration/). You acknowledge that by agreeing to this arbitration procedure, both you and the Company waive the right to resolve any such dispute through a trial by jury or judge or administrative
proceeding. In addition, all claims, disputes, or causes of action under this section, whether by you or the Company, must be brought in an individual capacity, and shall not be brought as a plaintiff (or claimant) or class member in any
purported class or representative proceeding, nor joined or consolidated with the claims of any other person or entity. The arbitrator may not consolidate the claims of more than one person or entity, and may not preside over any form of
representative or class proceeding. To the extent that the preceding sentences regarding class claims or proceedings are found to violate applicable law or are otherwise found unenforceable, any claim(s) alleged or brought on behalf of a class shall
proceed in a court of law rather than by arbitration. This paragraph shall not apply to any action or claim that cannot be subject to mandatory arbitration as a matter of law, including, without limitation, claims brought pursuant to the California
Private Attorneys General Act of 2004, as amended, the California Fair Employment and Housing Act, as amended, and the California Labor Code, as amended, to the extent such claims are not 

  
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permitted by applicable law(s) to be submitted to mandatory arbitration and the applicable law(s) are not preempted by the Federal Arbitration Act or otherwise invalid (collectively, the
“Excluded Claims”). In the event you intend to bring multiple claims, including one of the Excluded Claims listed above, the Excluded Claims may be filed with a court, while any other claims will remain subject to mandatory
arbitration. You will have the right to be represented by legal counsel at any arbitration proceeding. Questions of whether a claim is subject to arbitration under this agreement shall be decided by the arbitrator. Likewise, procedural questions
which grow out of the dispute and bear on the final disposition are also matters for the arbitrator. The arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would
otherwise be permitted by law; and (b) issue a written statement signed by the arbitrator regarding the disposition of each claim and the relief, if any, awarded as to each claim, the reasons for the award, and the arbitrator’s essential
findings and conclusions on which the award is based. The arbitrator shall be authorized to award all relief that you or the Company would be entitled to seek in a court of law. The Company shall pay all JAMS arbitration fees in excess of the
administrative fees that you would be required to pay if the dispute were decided in a court of law. Nothing in this letter agreement is intended to prevent either you or the Company from obtaining injunctive relief in court to prevent irreparable
harm pending the conclusion of any such arbitration. Any awards or orders in such arbitrations may be entered and enforced as judgments in the federal and state courts of any competent jurisdiction. 

* * * 
 This letter, together with your Confidential Information and
Invention Assignment Agreement, equity agreements, and other agreements referenced herein, forms the complete and exclusive statement of your employment agreement with the Company and supersedes any other agreements or promises made to you by
anyone, whether oral or written, with respect to the subject matter hereof. If any provision of this offer letter agreement is determined to be invalid or unenforceable, in whole or in part, this determination shall not affect any other provision of
this offer letter agreement and the provision in question shall be modified so as to be rendered enforceable in a manner consistent with the intent of the parties insofar as possible under applicable law. This letter may be delivered and executed
via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other transmission method and shall be deemed to have been
duly and validly delivered and executed and be valid and effective for all purposes. 
 [Signature page follows.] 

  
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 Please sign and date this letter below to indicate your agreement with its terms. 

Sincerely, 
  

	
	 /s/ Anne Raimondi

	 Anne Raimondi
 Lead Independent Director, Asana,
Inc.

  

	
	ACCEPTED AND AGREED TO:
	
	 /s/ Dustin Moskovitz

	 Dustin Moskovitz
  

Dated: 08/20/2020

  
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