Document:

CyberSource Corporation 1999 Employee Stock Purchase Plan, as amended

 Exhibit 10.8 
 CyberSource Corporation 
 1999 EMPLOYEE STOCK PURCHASE PLAN 
 (amended December 21, 1999) 
 (amended and
restated February 26, 2003) 
 (amended and restated March 22, 2004) 
 (amended and restated July 19, 2005) 
 The following constitute the provisions of
the 1999 Employee Stock Purchase Plan of CyberSource Corporation. 
 1. Purpose. The purpose of the Plan is to provide employees of
the Company and its Designated Parents or Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated payroll deductions. It is the intention of the Company to have the Plan qualify as an “Employee Stock
Purchase Plan” under Section 423 of the Code. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code. 
 2. Definitions. As used herein, the following definitions shall apply: 
 (a) “Applicable Laws” means the legal requirements relating to the administration of employee stock purchase plans, if any, under
applicable provisions of federal securities laws, state corporate and securities laws, the Code, the rules of any applicable stock exchange or national market system, and the rules of any foreign jurisdiction applicable to participation in the Plan
by residents therein. 
 (b) “Board” means the Board of Directors of the Company. 
 (c) “Change in Control” means a change in ownership or control of the Company effected through the direct or indirect acquisition by any
person or related group of persons (other than an acquisition from or by the Company or by a Company-sponsored employee benefit plan or by a person that directly or indirectly controls, is controlled by, or is under common control with, the Company)
of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities. 
 (d) “Code” means the Internal Revenue Code of 1986, as amended. 
 (e) “Common Stock” means the common stock of the Company. 
 (f) “Company” means CyberSource Corporation, a Delaware corporation. 
 (g)
“Compensation” means an Employee’s base salary from the Company or one or more Designated Parents or Subsidiaries, including such amounts of base salary as are 

  

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deferred by the Employee (i) under a qualified cash or deferred arrangement described in Section 401(k) of the Code, or (ii) to a plan
qualified under Section 125 of the Code. Compensation does not include overtime, bonuses, annual awards, other incentive payments, reimbursements or other expense allowances, fringe benefits (cash or noncash), moving expenses, deferred
compensation, contributions (other than contributions described in the first sentence) made on the Employee’s behalf by the Company or one or more Designated Parents or Subsidiaries under any employee benefit or welfare plan now or hereafter
established, and any other payments not specifically referenced in the first sentence. 
 (h) “Corporate
Transaction” means any of the following transactions: 
 (1) a merger or consolidation in which the Company is not
the surviving entity, except for a transaction the principal purpose of which is to change the state in which the Company is incorporated; 
 (2) the sale, transfer or other disposition of all or substantially all of the assets of the Company (including the capital stock of the Company’s subsidiary corporations) in connection with complete liquidation
or dissolution of the Company; 
 (3) any reverse merger in which the Company is the surviving entity but in which securities
possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such merger; or

 (4) acquisition by any person or related group of persons (other than the Company or by a Company-sponsored employee
benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities (whether or
not in a transaction also constituting a Change in Control), but excluding any such transaction that the Plan Administrator determines shall not be a Corporate Transaction. 
 (i) “Designated Parents or Subsidiaries” means the Parents or Subsidiaries which have been designated by the Plan Administrator from
time to time as eligible to participate in the Plan. 
 (j) “Effective Date” means the first calendar day of the first full
month sixty (60) days following the effective date of the Registration Statement filed with the Securities and Exchange Commission relating to the Company’s initial public offering of its Common Stock. However, should any Designated Parent
or Subsidiary become a participating company in the Plan after such date, then such entity shall designate a separate Effective Date with respect to its employee-participants. 
  

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 (k) “Employee” means any individual, including an officer or director, who is an
employee of the Company or a Designated Parent or Subsidiary for purposes of Section 423 of the Code. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other
leave of absence approved by the individual’s employer. Where the period of leave exceeds three (3) months and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship will
be deemed to have terminated on first day after such three (3) month leave, for purposes of determining eligibility to participate in the Plan. 
 (l) “Enrollment Date” means the first day of each Offer Period. 
 (m) “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 (n) “Exercise Date” means the last day of each
Purchase Period. 
 (o) “Fair Market Value” means, as of any date, the value of Common Stock determined as follows:

 (1) If the Common Stock is listed on any established stock exchange or a national market system, including without
limitation The Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or
system on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales price or closing bid was reported), as reported in The Wall Street Journal or
such other source as the Plan Administrator deems reliable; 
 (2) If the Common Stock is regularly quoted on an automated
quotation system (including the OTC Bulletin Board) or by a recognized securities dealer, but selling prices are not reported, the Fair Market Value of a share of Common Stock shall be the mean between the high bid and low asked prices for the
Common Stock on the date of determination (or, if no such prices were reported on that date, on the last date such prices were reported), as reported in The Wall Street Journal or such other source as the Plan Administrator deems reliable; or

 (3) In the absence of an established market for the Common Stock of the type described in (1) and (2), above, the Fair
Market Value thereof shall be determined by the Plan Administrator in good faith. 
 (p) “Offer Period” means an Offer
Period established pursuant to Section 4 hereof. 
  

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 (q) “Parent” means a “parent corporation,” whether now or hereafter existing,
as defined in Section 424(e) of the Code. 
 (r) “Participant” means an Employee of the Company or Designated Parent or
Subsidiary who is actively participating in the Plan. 
 (s) “Plan” means this Employee Stock Purchase Plan. 
 (t) “Plan Administrator” means either the Board or a committee of the Board that is responsible for the administration of the Plan as is
designated from time to time by resolution of the Board. 
 (u) “Purchase Period” means a period of approximately six
months, commencing on February 1 and August 1 of each year and terminating on the next following July 31 or January 31, respectively; provided, however, that the first Purchase Period shall commence on the Effective Date and
shall end on January 31, 2000. 
 (v) “Purchase Price” shall mean an amount equal to 95% of the Fair Market Value of a
share of Common Stock on the Exercise Date. 
 (w) “Reserves” means the sum of the number of shares of Common Stock covered
by each option under the Plan which have not yet been exercised and the number of shares of Common Stock which have been authorized for issuance under the Plan but not yet placed under option. 
 (x) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the
Code. 
 3. Eligibility. 
 (a) General. Any individual who is an Employee on a given Enrollment Date shall be eligible to participate in the Plan for the Offer Period commencing with such Enrollment Date. 
 (b) Limitations on Grant and Accrual. Any provisions of the Plan to the contrary notwithstanding, no Employee shall be granted an option under the
Plan (i) if, immediately after the grant, such Employee (taking into account stock owned by any other person whose stock would be attributed to such Employee pursuant to Section 424(d) of the Code) would own stock and/or hold outstanding
options to purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of any Parent or Subsidiary, or (ii) which permits the Employee’s rights to purchase
stock under all employee stock purchase plans of the Company and its Parents or Subsidiaries to accrue at a rate which exceeds Twenty-Five Thousand Dollars ($25,000) worth of stock (determined at the Fair Market Value of the shares at the time such
option is granted) for each calendar year in which such option is outstanding at any time. The determination of the accrual of the right to purchase stock shall be made in accordance with Section 423(b)(8) of the Code and the regulations
thereunder. 
  

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 (c) Other Limits on Eligibility. Notwithstanding Subsection (a), above, the following Employees
shall not be eligible to participate in the Plan for any relevant Offer Period: (i) Employees whose customary employment is 20 or fewer hours per week; (ii) Employees whose customary employment is for 5 or fewer months in any calendar
year; and (iii) Employees who are subject to rules or laws of a foreign jurisdiction that prohibit or make impractical the participation of such Employees in the Plan. 
 4. Offer Periods. 
 (a) The Plan shall
be implemented through overlapping or consecutive Offer Periods until such time as (i) the maximum number of shares of Common Stock available for issuance under the Plan shall have been purchased or (ii) the Plan shall have been sooner
terminated in accordance with Section 19 hereof. The maximum duration of an Offer Period shall be twenty-seven (27) months. Initially, the Plan shall be implemented through consecutive Offer Periods of six (6) months’ duration
commencing each February 1 and August 1 following the Effective Date (except that the initial Offer Period shall commence on the Effective Date and shall end on January 31, 2000). 
 (b) A Participant shall be granted a separate option for each Offer Period in which he or she participates. However, with respect to any Offer Period,
the Plan Administrator may specify shorter Purchase Periods within any Offer Period, such that the option granted on the Enrollment Date shall be automatically exercised in successive installments on the last day of each Purchase Period ending
within the Offer Period. Initially, the Purchase Periods shall coincide with the Offer Periods such that the Purchase Periods shall be of six (6) months’ duration commencing each February 1 and August 1 following the Effective
Date (except that the initial Purchase Period shall commence on the Effective Date and shall end on January 31, 2000). 
 (c) Except as
specifically provided herein, the acquisition of Common Stock through participation in the Plan for any Offer Period shall neither limit nor require the acquisition of Common Stock by a Participant in any subsequent Offer Period. 
 5. Participation. 
 (a) An eligible
Employee may become a Participant in the Plan by completing a subscription agreement authorizing payroll deductions in the form of Exhibit A to this Plan and filing it with the designated payroll office of the Company at least ten
(10) business days prior to the Enrollment Date for the Offer Period in which such participation will commence, unless a later time for filing the subscription agreement is set by the Plan Administrator for all eligible Employees with respect
to a given Offer Period. 
 (b) Payroll deductions for a Participant shall commence with the first partial or full payroll period beginning
on the Enrollment Date and shall end on the last complete payroll period during the Offer Period, unless sooner terminated by the Participant as provided in Section 10. 
  

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 6. Payroll Deductions. 
 (a) At the time a Participant files a subscription agreement, the Participant shall elect to have payroll deductions made during the Offer Period not
exceeding ten percent (10%) of the Compensation which the Participant receives during the Offer Period. 
 (b) All payroll deductions
made for a Participant shall be credited to the Participant’s account under the Plan and will be withheld in whole percentages only. A Participant may not make any additional payments into such account. 
 (c) A Participant may discontinue participation in the Plan as provided in Section 10, or may increase or decrease the rate of payroll deductions
during the Offer Period by completing and filing with the Company a change of status notice in the form of Exhibit B to this Plan authorizing an increase or decrease in the payroll deduction rate. Any increase or decrease in the rate of
a Participant’s payroll deductions shall be effective with the first full payroll period commencing ten (10) business days after the Company’s receipt of the change of status notice unless the Company elects to process a given change
in participation more quickly. A Participant’s subscription agreement (as modified by any change of status notice) shall remain in effect for successive Offer Periods unless terminated as provided in Section 10. The Plan Administrator
shall be authorized to limit the number of payroll deduction rate changes during any Offer Period. 
 (d) Notwithstanding the foregoing, to
the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) herein, a Participant’s payroll deductions may be decreased to 0% at such time during any Offer or Purchase Period which is scheduled to end during the
current calendar year (the “Current Offer or Purchase Period”) that the aggregate of all payroll deductions which were previously used to purchase stock under the Plan in a prior Offer or Purchase Period which ended during that calendar
year plus all payroll deductions accumulated with respect to the Current Offer or Purchase Period equal $21,250. Payroll deductions shall recommence at the rate provided in such Participant’s subscription agreement, as amended, at the beginning
of the first Offer or Purchase Period which is scheduled to end in the following calendar year, unless terminated by the Participant as provided in Section 10. 
 7. Grant of Option. On the Enrollment Date, each Participant shall be granted an option to purchase for each Purchase Period in any Offer Period, the lesser of (i) the number of shares of the Common Stock
determined by dividing the applicable Purchase Price by $5,000 and (ii) 500 shares, subject to adjustment as provided in Section 18 hereof. Provided, however, that the maximum amount that will be credited to a Participant’s account
shall be subject to the limitations set forth in Sections 3(b), 6(a) and 12 hereof. Exercise of the option shall occur as provided in Section 8, unless the Participant has withdrawn pursuant to Section 10, and the option, to the extent not
exercised, shall expire on the last day of the Offer Period. 
  

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 8. Exercise of Option. Unless a Participant withdraws from the Plan as provided in
Section 10, below, the Participant’s option for the purchase of shares will be exercised automatically on each Exercise Date, by applying the accumulated payroll deductions in the Participant’s account to purchase the maximum number
of full shares subject to the option by dividing such Participant’s payroll deductions accumulated prior to such Exercise Date and retained in the Participant’s account as of the Exercise Date by the applicable Purchase Price. No
fractional shares will be purchased; any payroll deductions accumulated in a Participant’s account which are not sufficient to purchase a full share shall be carried over to the next Purchase Period or Offer Period, whichever applies, or
returned to the Participant, if the Participant withdraws from the Plan. Notwithstanding the foregoing, any amount remaining in a Participant’s account following the purchase of shares on the Exercise Date due to the application of
Section 423(b)(8) of the Code or Section 7, above, shall be returned to the Participant and shall not be carried over to the next Offer Period. During a Participant’s lifetime, a Participant’s option to purchase shares hereunder
is exercisable only by the Participant. 
 9. Delivery. Upon receipt of a request from a Participant after each Exercise Date on which
a purchase of shares occurs, the Company shall arrange the delivery to such Participant, as promptly as practicable, of a certificate representing the shares purchased upon exercise of the Participant’s option. 
 10. Withdrawal; Termination of Employment. 
 (a) A Participant may withdraw all but not less than all the payroll deductions credited to the Participant’s account and not yet used to exercise the Participant’s option under the Plan at any time by giving written notice to the
Company in the form of Exhibit B to this Plan. If the Participant elects to withdraw, all of the Participant’s payroll deductions credited to the Participant’s account will be paid to such Participant as promptly as practicable
after receipt of notice of withdrawal, such Participant’s option for the Offer Period will be automatically terminated, and no further payroll deductions for the purchase of shares will be made during the Offer Period. If a Participant
withdraws from an Offer Period, payroll deductions will not resume at the beginning of the succeeding Offer Period unless the Participant delivers to the Company a new subscription agreement. 
 (b) Upon termination of a Participant’s employment relationship (as described in Section 2(k)) at a time more than three (3) months from
the next scheduled Exercise Date, the payroll deductions credited to such Participant’s account during the Offer Period but not yet used to exercise the option will be returned to such Participant or, in the case of his/her death, to the person
or persons entitled thereto under Section 14, and such Participant’s option will be automatically terminated. Upon termination of a Participant’s employment relationship (as described in Section 2(k)) within three (3) months
of the next scheduled Exercise Date, the payroll deductions credited to such Participant’s account during the Offer Period but not yet used to exercise the option will be applied to the purchase of Common Stock on the next Exercise Date, unless
the Participant (or in the case of the Participant’s death, the person or persons entitled to the Participant’s account balance under Section 14) withdraws from the Plan by 

  

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submitting a change of status notice in accordance with subsection (a) of this Section 10. In such a case, no further payroll deductions will be
credited to the Participant’s account following the Participant’s termination of employment and the Participant’s option under the Plan will be automatically terminated after the purchase of Common Stock on the next scheduled Exercise
Date. 
 11. Interest. No interest shall accrue on the payroll deductions credited to a Participant’s account under the Plan.

 12. Stock. 
 (a) The
maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 700,000 shares, subject to pro rata adjustment upon changes in capitalization of the Company as provided in Section 18. If on a given
Exercise Date the number of shares with respect to which options are to be exercised exceeds the number of shares then available under the Plan, the Plan Administrator shall make a pro rata allocation of the shares remaining available for purchase
in as uniform a manner as shall be practicable and as it shall determine to be equitable. 
 (b) A Participant will have no interest or
voting right in shares covered by the Participant’s option until such shares are actually purchased on the Participant’s behalf in accordance with the applicable provisions of the Plan. No adjustment shall be made for dividends,
distributions or other rights for which the record date is prior to the date of such purchase. 
 (c) Shares to be delivered to a Participant
under the Plan will be registered in the name of the Participant or in the name of the Participant and his or her spouse. 
 13.
Administration. The Plan shall be administered by the Plan Administrator which shall have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and to adjudicate all
disputed claims filed under the Plan. Every finding, decision and determination made by the Plan Administrator shall, to the full extent permitted by Applicable Law, be final and binding upon all persons. 
 14. Designation of Beneficiary. 
 (a)
Each Participant will file a written designation of a beneficiary who is to receive any shares and cash, if any, from the Participant’s account under the Plan in the event of such Participant’s death. If a Participant is married and the
designated beneficiary is not the spouse, spousal consent shall be required for such designation to be effective. 
 (b) Such designation of
beneficiary may be changed by the Participant (and the Participant’s spouse, if any) at any time by written notice. In the event of the death of a Participant and in the absence of a beneficiary validly designated under the Plan who is living
(or in existence) at the time of such Participant’s death, the Company shall deliver such shares 
  

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 and/or cash to the executor or administrator of the estate of the Participant, or if no such executor or administrator
has been appointed (to the knowledge of the Plan Administrator), the Plan Administrator shall deliver such shares and/or cash to the spouse (or domestic partner, as determined by the Administrator) of the Participant, or if no spouse (or domestic
partner) is known to the Plan Administrator, then to the issue of the Participant, such distribution to be made per stirpes (by right of representation). 
 15. Transferability. Neither payroll deductions credited to a Participant’s account nor any rights with regard to the exercise of an option or to receive shares under the Plan may be assigned, transferred,
pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution or as provided in Section 14 hereof) by the Participant. Any such attempt at assignment, transfer, pledge or other disposition shall be
without effect, except that the Plan Administrator may treat such act as an election to withdraw funds from an Offer Period in accordance with Section 10. 
 16. Use of Funds. All payroll deductions received or held by the Company under the Plan may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll
deductions. 
 17. Reports. Individual accounts will be maintained for each Participant in the Plan. Statements of account will be
given to Participants at least annually, which statements will set forth the amounts of payroll deductions, the Purchase Price, the number of shares purchased and the remaining cash balance, if any. 
 18. Adjustments Upon Changes in Capitalization; Corporate Transactions. 
 (a) Adjustments Upon Changes in Capitalization. Subject to any required action by the stockholders of the Company, the Reserves, the Purchase
Price, as well as any other terms that the Plan Administrator determines require adjustment shall be proportionately adjusted for (i) any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse
stock split, stock dividend, combination or reclassification of the Common Stock, (ii) any other increase or decrease in the number of issued shares of Common Stock effected without receipt of consideration by the Company, or (iii) as the
Plan Administrator may determine in its discretion, any other transaction with respect to Common Stock to which Section 424(a) of the Code applies; provided, however that conversion of any convertible securities of the Company shall not be
deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Plan Administrator and its determination shall be final, binding and conclusive. Except as the Plan Administrator determines, no issuance
by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason hereof shall be made with respect to, the Reserves and the Purchase Price. 
 (b) Corporate Transactions. In the event of a proposed Corporate Transaction, each option under the Plan shall be assumed by such successor
corporation or a parent or subsidiary of such successor corporation, unless the Plan Administrator determines, in the 

  

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exercise of its sole discretion and in lieu of such assumption, to shorten the Offer Period then in progress by setting a new Exercise Date (the “New
Exercise Date”). If the Plan Administrator shortens the Offer Period then in progress in lieu of assumption in the event of a Corporate Transaction, the Plan Administrator shall notify each Participant in writing, at least ten (10) days
prior to the New Exercise Date, that the Exercise Date for the Participant’s option has been changed to the New Exercise Date and that the Participant’s option will be exercised automatically on the New Exercise Date, unless prior to such
date the Participant has withdrawn from the Offer Period as provided in Section 10. For purposes of this Subsection, an option granted under the Plan shall be deemed to be assumed if, in connection with the Corporate Transaction, the option is
replaced with a comparable option with respect to shares of capital stock of the successor corporation or Parent thereof. The determination of option comparability shall be made by the Plan Administrator prior to the Corporate Transaction and its
determination shall be final, binding and conclusive on all persons. 
 19. Amendment or Termination. 
 (a) The Plan Administrator may at any time and for any reason terminate or amend the Plan. Except as provided in Section 18, no such termination can
affect options previously granted, provided that an Offer Period may be terminated by the Plan Administrator on any Exercise Date if the Plan Administrator determines that the termination of the Offer Period is in the best interests of the Company
and its stockholders. Except as provided in Section 18, no amendment may make any change in any option theretofore granted which adversely affects the rights of any Participant without the consent of affected Participants. To the extent
necessary to comply with Section 423 of the Code (or any successor rule or provision or any other Applicable Law), the Company shall obtain stockholder approval in such a manner and to such a degree as required. 
 (b) Without stockholder consent and without regard to whether any Participant rights may be considered to have been “adversely affected,” the
Plan Administrator shall be entitled to limit the frequency and/or number of changes in the amount withheld during Offer Periods, change the length of Purchase Periods within any Offer Period, determine whether subsequent Offer Periods shall be
consecutive or overlapping, establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, establish additional terms, conditions, rules or procedures to accommodate the rules or laws of applicable foreign
jurisdictions, permit payroll withholding in excess of the amount designated by a Participant in order to adjust for delays or mistakes in the Company’s processing of properly completed withholding elections, establish reasonable waiting and
adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the purchase of Common Stock for each Participant properly correspond with amounts withheld from the Participant’s Compensation, and establish
such other limitations or procedures as the Plan Administrator determines in its sole discretion advisable and which are consistent with the Plan. 
 20. Notices. All notices or other communications by a Participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by the Plan Administrator at the
location, or by the person, designated by the Plan Administrator for the receipt thereof. 
  

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 21. Conditions Upon Issuance of Shares. Shares shall not be issued with respect to an option
unless the exercise of such option and the issuance and delivery of such shares pursuant thereto shall comply with all Applicable Laws and shall be further subject to the approval of counsel for the Company with respect to such compliance. As a
condition to the exercise of an option, the Company may require the Participant to represent and warrant at the time of any such exercise that the shares are being purchased only for investment and without any present intention to sell or distribute
such shares if, in the opinion of counsel for the Company, such a representation is required by any of the aforementioned Applicable Laws. In addition, no options shall be exercised or shares issued hereunder before the Plan shall have been approved
by stockholders of the Company as provided in Section 23. 
 22. Term of Plan. The Plan shall become effective upon the earlier
to occur of its adoption by the Board or its approval by the stockholders of the Company. It shall continue in effect for a term of ten (10) years unless sooner terminated under Section 19. 
 23. Adoption and Stockholder Approval. The Plan became effective when adopted by the Board June 1999. The stockholders of the Company approved the
Plan in June 1999. On December 21, 1999, the Board adopted and approved an amendment to the Plan removing the requirement that Employees must be employed for at least 12 months prior to the Enrollment Date to participate in any relevant Offer
Period. On February 26, 2003, the Board adopted and approved an amendment and restatement of the Plan to revise the definition of Fair Market Value such that the fair market value of a share of Common Stock of the Company shall be determined
based on the closing price for a share on the date of determination, which amendment is not subject to approval by the stockholders of the Company. On March 22, 2004, the Board adopted and approved an amendment and restatement of the Plan to
increase the number of Shares reserved for issuance under the Plan from 500,000 to 700,000, which amendment was approved by the stockholders of the Company on May 12, 2004. On July 19, 2005, the Board adopted and approved an amendment and
restatement of the Plan to provide that the Purchase Price for Common Stock under the Plan shall be 95% of the Fair Market Value of a share of Common Stock on the applicable Exercise Date, which amendment is not subject to approval by the
stockholders of the Company. The amendment described in the previous sentence shall be effective for Offer Periods commencing on August 1, 2005 and later dates. 
 24. No Employment Rights. The Plan does not, directly or indirectly, create any right for the benefit of any employee or class of employees to purchase any shares under the Plan, or create in any employee or
class of employees any right with respect to continuation of employment by the Company or a Designated Parent or Subsidiary, and it shall not be deemed to interfere in any way with such employer’s right to terminate, or otherwise modify, an
employee’s employment at any time. 
  

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 25. No Effect on Retirement and Other Benefit Plans. Except as specifically provided in a
retirement or other benefit plan of the Company or a Designated Parent or Subsidiary, participation in the Plan shall not be deemed compensation for purposes of computing benefits or contributions under any retirement plan of the Company or a
Designated Parent or Subsidiary, and shall not affect any benefits under any other benefit plan of any kind or any benefit plan subsequently instituted under which the availability or amount of benefits is related to level of compensation. The Plan
is not a “Retirement Plan” or “Welfare Plan” under the Employee Retirement Income Security Act of 1974, as amended. 
 26. Effect of Plan. The provisions of the Plan shall, in accordance with its terms, be binding upon, and inure to the benefit of, all successors of each Participant, including, without limitation, such Participant’s estate and
the executors, administrators or trustees thereof, heirs and legatees, and any receiver, trustee in bankruptcy or representative of creditors of such Participant. 
 27. Governing Law. The Plan is to be construed in accordance with and governed by the internal laws of the State of California without giving effect to any choice of law rule that would cause the application of
the laws of any jurisdiction other than the internal laws of the State of California to the rights and duties of the parties, except to the extent the internal laws of the State of California are superseded by the laws of the United States. Should
any provision of the Plan be determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 
  

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 Exhibit A 
 CyberSource Corporation 1999 Employee Stock Purchase Plan 
 SUBSCRIPTION AGREEMENT

 Effective with the Offer Period beginning on: 
  ̈ February 1, 2006 or  ̈ August 1, 2005 
  

	1.	Personal Information <modify data requested as appropriate> 

  

											
	Legal Name (Please Print)	  	  
	    	  
	  	  

						
		  	(Last)	  	(First)	  	(MI)	    	Location	  	Department
			
	Street Address	  	  
	    	  

					
		  		  		  		    	 Daytime Telephone

			
	City, State/Country, Zip	  	  
	    	  

					
		  		  		  		    	E-Mail Address
					
	Social Security No.	  	                    -            -    
                	  	Employee I.D. No.	  	  
	    	  

						
		  		  		  		    	Manager	  	Mgr. Location

  

	2.	Eligibility Any Employee whose customary employment is more than 20 hours per week and more than 5 months per calendar year, and who does not hold (directly or indirectly)
five percent (5%) or more of the combined voting power of the Company, a parent or a subsidiary, whether in stock or options to acquire stock is eligible to participate in the CyberSource Corporation 1999 Employee Stock Purchase Plan (the
“ESPP”); provided, however, that Employees who are subject to the rules or laws of a foreign jurisdiction that prohibit or make impractical the participation of such Employees in the ESPP are not eligible to participate. In addition, for
Offer Periods following the initial Offer Period, Employees must be employed for at least 12 months prior to the Enrollment Date to participate in any relevant Offer Period. 

  

	3.	Definitions Each capitalized term in this Subscription Agreement shall have the meaning set forth in the ESPP. 

  

	4.	Subscription I hereby elect to participate in the ESPP and subscribe to purchase shares of the Company’s Common Stock in accordance with this Subscription Agreement and
the ESPP. I have received a complete copy of the ESPP and a prospectus describing the ESPP and understand that my participation in the ESPP is in all respects subject to the terms of the ESPP. The effectiveness of this Subscription Agreement is
dependent on my eligibility to participate in the ESPP. 

  

	5.	Payroll Deduction Authorization I hereby authorize payroll deductions from my Compensation during the Offer Period in the percentage specified below (payroll reductions may
not exceed 10% of Compensation nor $5,000 per 6 month Purchase Period): 

  

	
	 Percentage to be Deducted (circle one)    1%     2%     3%    
4%     5%     6%     7%     8%     9%     10%

  

	6.	ESPP Accounts and Purchase Price I understand that all payroll deductions will be credited to my account under the ESPP. No additional payments may be made to my account. No
interest will be credited on funds held in the account at any time including any refund of the account caused by withdrawal from the ESPP. All payroll deductions shall be accumulated for the purchase of Company Common Stock at the applicable
Purchase Price determined in accordance with the ESPP. 

  

	7.	Withdrawal and Changes in Payroll Deduction I understand that I may discontinue my participation in the ESPP at any time prior to an Exercise Date as provided in
Section 10 of the ESPP, but if I do not withdraw from the ESPP, any accumulated payroll deductions will be applied automatically to purchase Company Common Stock. I may increase or decrease the rate of my payroll deductions in whole percentage
increments to not less than one percent (1%) on one occasion during any Purchase Period by completing and timely filing a Change of Status Notice. Any decrease will be effective for the full payroll period occurring after ten (10) business
days from the Company’s receipt of the Change of Status Notice. Any increase will be effective for the next Purchase Period occurring after the Purchase Period in which the Change of Status Notice is filed with the Company if such notice is
filed more than ten (10) business days prior to the commencement of the next Purchase Period. 

  

 A-1 

	8.	Perpetual Subscription I understand that this Subscription Agreement shall remain in effect for successive Offer Periods until I withdraw from participation in the ESPP, or
termination of the ESPP. 

  

	9.	Taxes I have reviewed the ESPP prospectus discussion of the federal tax consequences of participation in the ESPP and consulted with tax consultants as I deemed advisable
prior to my participation in the ESPP. I hereby agree to notify the Company in writing within thirty (30) days of any disposition (transfer or sale) of any shares purchased under the ESPP if such disposition occurs within two (2) years of
the Enrollment Date (the first day of the Offer Period during which the shares were purchased) or within one (1) year of the Exercise Date (the date I purchased such shares), and I will make adequate provision to the Company for foreign,
federal, state or other tax withholding obligations, if any, which arise upon the disposition of the shares. 

  

	10.	Designation of Beneficiary In the event of my death, I hereby designate the following person or trust as my beneficiary to receive all payments and shares due to me under the
ESPP:             ̈  I am single     ̈  I am married 

  

									
	 Beneficiary (please print)
	  	  
	  	Relationship to Beneficiary (if any)
		  	(Last)	  	(First)	  	(MI)	  	
			
	 Street Address
	  	  
	  	  

			
	 City, State/Country, Zip
	  	  
	  	

  

	11.	Termination of ESPP I understand that the Company has the right, exercisable in its sole discretion, to amend or terminate the ESPP at any time, and a termination may be
effective as early as an Exercise Date (after purchase of shares on such date) within each outstanding Offer Period. 

  

					
	Date:                     	  	Employee Signature:	  	  

			
		  		  	  

		  		  	spouse’s signature (if beneficiary is other than spouse)

  

 A-2 

 Exhibit B 
 CyberSource Corporation 1999 Employee Stock Purchase Plan  
 CHANGE OF STATUS NOTICE

	
	  

	 Participant Name (Please Print)

	
	  

	 Social Security Number

 Withdrawal From ESPP 
 I hereby withdraw from the CyberSource Corporation 1999 Employee Stock Purchase Plan (the “ESPP”) and agree that my option under the applicable
Offer Period will be automatically terminated and all accumulated payroll deductions credited to my account will be refunded to me or applied to the purchase of Common Stock depending on the alternative indicated below. No further payroll deductions
will be made for the purchase of shares in the applicable Offer Period and I shall be eligible to participate in a future Offer Period only by timely delivery to the Company of a new Subscription Agreement. 
  

	 ̈	Withdrawal and Purchase of Common Stock 

 Payroll
deductions will terminate, but your account balance will be applied to purchase Common Stock on the next Exercise Date. Any remaining balance will be refunded. 
  

	 ̈	Withdrawal Without Purchase of Common Stock 

 Entire
account balance will be refunded to me and no Common Stock will be purchased on the next Exercise Date provided this notice is submitted to the Company ten (10) business days prior to the next Exercise Date. 
  

	 ̈	Change in Payroll Deduction 

 I hereby elect to
change my rate of payroll deduction under the ESPP as follows (select one): 
  

	
	 Percentage to be Deducted (circle one)       1%     2%    
3%     4%     5%     6%     7%     8%     9%     10%

 The following rules under the ESPP apply to changing your payroll deduction rate: 
  

			
	Decrease —	 	Decrease in payroll deduction will be effective for the first full payroll period commencing no fewer than ten (10) business days following the Company’s receipt of this notice,
unless this change is processed more quickly.
		
	Increase —	 	An increase in payroll deduction will be effective for the next Purchase Period following the Purchase Period in which this notice is received by the Company provided that this notice is
submitted to the Company no fewer than ten (10) business days before the first day of the upcoming Purchase Period.

  

 B-1 

	 ̈	Change of Beneficiary             ̈  I am single     ̈   I am married 

 This change of beneficiary shall terminate my previous beneficiary designation under the ESPP. In the event of my death, I hereby designate the following
person or trust as my beneficiary to receive all payments and shares due to me under the ESPP: 
  

									
	 Beneficiary (please print)
	  	  
	  	Relationship to Beneficiary (if any)
		  	(Last)	  	(First)	  	(MI)	  	
			
	 Street Address
	  	  
	  	  

			
	 City, State/Country, Zip
	  	  
	  	

  

					
	Date:                     	  	Employee Signature:	  	  

			
		  		  	  

		  		  	spouse’s signature (if beneficiary is other than spouse)

  

 B-1Chairman and CEO Retention Agreement

 EXHIBIT 10.91 
 EPICOR SOFTWARE CORPORATION 
 MANAGEMENT RETENTION AGREEMENT 
 This Management Retention Agreement (the “Agreement”) is made and entered into effective as of May 26, 2006 (the “Effective
Date”), by and between L. George Klaus (the “Executive”) and Epicor Software Corporation (the “Company”). Certain capitalized terms used in this Agreement are defined in Section 1 below. 
 RECITALS 
 WHEREAS, Executive
previously entered into a management retention agreement with the Company on December 17, 2001 (the “Original Agreement”); 
 WHEREAS, Executive agrees to enter into this Agreement which will supersede the Original Agreement in its entirety; and 
 NOW,
THEREFORE, in consideration of the mutual covenants and promises set forth herein and for other good and valuable consideration, the receipt of and sufficiency of which are hereby acknowledged, Company and the Executive agree as follows: 

1. Definitions. The following terms referred to in this Agreement shall have the following meanings: 
 (a) “Cause” means (i) any act of personal dishonesty taken by Executive in connection with his responsibilities as
an employee which is intended to result in substantial personal enrichment of Executive; (ii) Executive’s conviction of a felony which the Board reasonably believes has had or will have a material detrimental effect on the Company’s
reputation or business; (iii) a willful act by Executive which constitutes misconduct and is injurious to the Company; or (iv) continued willful violations by Executive of Executive’s obligations to the Company after there has been
delivered to Executive a written demand for performance from the Company which describes the basis for the Company’s belief that Executive has not substantially performed his duties. 
 (b) “Disability” means Executive’s inability due to any physical or mental condition to perform a substantial
portion of his employment duties to the Company for twenty-four (24) or more consecutive weeks. 
 (c)
“Involuntary Termination” means, without Executive’s express written consent, (i) a significant reduction of Executive’s duties, position or responsibilities relative to Executive’s duties, position or
responsibilities in effect immediately prior to such reduction, or the removal of Executive from such position, duties and responsibilities, unless Executive is provided with comparable duties, position and responsibilities; (ii) a reduction by
the Company of Executive’s base salary as in effect immediately prior to such reduction unless such reduction is made pursuant to and proportionately with any Company policy applicable to similarly-situated Company executives; 

 
(iii) the relocation of Executive to a facility or a location more than one hundred (100) miles from his current location; (iv) any purported
termination of Executive by the Company which is not effected for Cause or for which the grounds relied upon are not valid; (v) Executive’s death or Disability; or (vi) the failure of the Company to obtain the assumption of this
Agreement by any successors contemplated in Section 14 below. 
 (d) “Retirement” means Executive’s
termination of his employment with the Company at the end of the Employment Term, or voluntarily by Executive prior to the Retirement Date provided that such earlier Retirement is with the approval and consent of the Company’s Board and does
not arise for Cause. 
 2. Term of Agreement. Executive hereby accepts further employment with the Company for a period beginning on
the Effective Date and ending on December 31, 2007 (“Employment Term”) on the terms and conditions set forth herein. 
 3.
At-Will Employment. The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law. If Executive’s employment terminates for any reason, Executive shall not be
entitled to any payments, benefits, damages, awards or compensation other than as provided by this Agreement, or as may otherwise be established under the Company’s then existing employee benefit plans or policies at the time of termination.

 4. Base Salary. During the Employment Term, the Company will pay Executive a salary at an annualized rate of $736,403 as
compensation for his services (the “Base Salary”). The Base Salary will be paid periodically in accordance with the Company ‘s normal payroll practices and be subject to the usual, required withholdings. The Base Salary will not be
increased during the Employment Term without the prior written approval of the Company’s Board of Directors. 
 5. Annual
Incentive. Executive will continue to be eligible to receive annual cash bonus payments under the Company’s cash bonus plan for key employees as in effect on the Effective Date. The bonus will be paid on fiscal year basis based on a
performance plan agreed to between the Executive and the Board of Directors of the Company. 
 6. Restricted Stock Grant. Executive
will be granted a right to purchase four hundred thousand (400,000) shares of restricted Company common stock (the “Restricted Stock Grant”). The Restricted Stock Grant will provide that the restrictions on the stock shall lift during
the Employment Term according to the terms of the restricted stock incentive program to be approved by the Company’s Compensation Committee, subject to the Executive’s continued service to the Company on such dates. The Restricted Stock
Grant will also be subject to the terms, definitions and provisions of the Company’s 2005 Stock Incentive Plan (the “Plan”) and the restricted stock agreement by and between Executive and the Company (the “Restricted Stock
Agreement”), both of which documents are incorporated herein by reference. 
  

 -2- 

 7. Severance Benefits. Upon the occurrence of an Involuntary Termination, Executive shall be
entitled to only the following benefits: 
 (a) twelve (12) months of Executive’s Base Salary as in effect as of the
date of the Involuntary Termination, to be paid periodically in accordance with the Company’s normal payroll policies; 
 (b) any bonus that would have been earned by Executive in the twelve (12) month period following the date of the Involuntary Termination (as determined by the Company in its discretion); and 
 (c) the Executive, Executive’s spouse and Executive’s dependents who are participating in Company group medical or dental plans
on the date of Executive’s termination of service (“Covered Persons”) shall be entitled to continued participation in such plans, as they may be modified by the Company from time to time, at no additional after-tax cost to Executive
(or Executive’s spouse or dependents, as applicable) other than Executive would have were he an employee, from year to year, for the remainder of the lifetimes of each Covered Person (or with respect to dependents of Executive, until the
earlier of i) the death of both Executive and Executive’s spouse covered hereunder; ii) the time such dependents reach eighteen (18) years of age if they do not continue thereafter as full time students; or iii) through the period from 18
years of age up to 25 years of age during which such dependents remain full time students); provided, however, that such coverage shall be suspended for any period during which any Covered Persons obtain or are covered by other comparable group
health coverage. Executive shall notify Company when any other group health coverage for Covered Persons begins or ends. In the event that Executive and/or Executive’s spouse and dependents, as applicable, are not eligible to continue their
participation in the Company’s group medical or dental plans, then alternatively, such individuals shall be entitled to receive equivalent coverage under a separate plan according to the same terms and conditions as indicated herein.

 8. Other Termination. If the Executive’s employment with the Company terminates other than as a result of an Involuntary
Termination or Retirement, then the Executive shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company’s then existing severance and
benefits plans and policies at the time of such termination. 
 9. Retirement. In the event Executive’s employment with the
Company terminates by reason of Executive’s Retirement, and provided that Executive at the time of such Retirement has substantially completed a successful CEO succession plan acceptable to the Company’s Board of Directors, then the
Covered Persons shall be entitled to continued participation in the Company’s group medical or dental plans, as they may be modified by the Company from time to time, at no additional after-tax cost to Executive (or Executive’s spouse or
dependents, as applicable) other than Executive would have were he an employee, from year to year, for the remainder of the lifetimes of each Covered Person (or with respect to dependents of Executive, until the earlier of i) the death of both
Executive and Executive’s spouse covered hereunder; ii) the time such dependents reach eighteen (18) years of age if they do not continue thereafter as full time students; or iii) through the period from 18 years of age up to 25 years of
age during which such dependents remain full time students); provided, however, that such coverage shall be suspended for any period during which any Covered Persons obtain or are covered by other comparable group health coverage. Executive shall

  

 -3- 

 
notify Company when any other group health coverage for Covered Persons begins or ends. In the event that Executive and/or Executive’s spouse and
dependents, as applicable, are not eligible to continue their participation in the Company’s group medical or dental plans, then alternatively, such individuals shall be entitled to receive equivalent coverage under a separate plan according to
the same terms and conditions as indicated herein. 
 10. Accrued Wages and Vacation; Expenses. Without regard to the reason for, or
the timing of, Executive’s termination of employment: (i) the Company shall pay Executive any unpaid base salary due for periods prior to any termination of employment; (ii) the Company shall pay Executive all of his accrued and
unused vacation, if any, through any termination of employment; and (iii) following submission of proper expense reports by Executive, the Company shall reimburse Executive for all expenses reasonably and necessarily incurred by Executive in
connection with the business of the Company prior to any termination of employment. Executive acknowledges that as of the Effective Date, he does not have any accrued vacation as mandated by established Company policy. These payments shall be made
promptly upon termination and within the period of time mandated by law. 
 11. Golden Parachute Excise Tax Gross-Up. In the event
that the severance and other benefits provided for in this Agreement constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and will be subject to the
excise tax imposed by Section 4999 of the Code, then Executive shall receive (i) a payment from the Company sufficient to pay such excise tax, and (ii) an additional payment from the Company sufficient to pay the excise tax and
federal and state income taxes arising from the payments made by the Company to Executive pursuant to this sentence. Unless the Company and Executive otherwise agree in writing, the determination of Executive’s excise tax liability and the
amount required to be paid under this Section shall be made in writing by the Company’s independent accountants (the “Auditors”). In the event that the excise tax incurred by Executive is determined by the Internal Revenue Service to
be greater or lesser than the amount so determined by the Auditors, the Company and Executive agree to promptly make such additional payment, including interest and any tax penalties, to the other party as the Auditors reasonably determine is
appropriate to ensure that the net economic effect to Executive under this Section, on an after-tax basis, is as if the Code Section 4999 excise tax did not apply to Executive. For purposes of making the calculations required by this Section,
the Auditors may make reasonable assumptions and approximations concerning applicable taxes and may rely on interpretations of the Code for which there is a “substantial authority” tax reporting position. The Company and Executive shall
furnish to the Auditors such information and documents as the Auditors may reasonably request in order to make a determination under this Section. The Company shall bear all costs the Auditors may reasonably incur in connection with any calculations
contemplated by this Section. 
 12. Conditions to Receipt of Severance. 
 (a) Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 7 or Section 9 will be
subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably acceptable to the Company. No severance will be paid or provided until the separation agreement and release agreement becomes effective.

  

 -4- 

 (b) Nondisparagement. During the Employment Term and while the Executive is
receiving the Base Salary or continued medical benefits under Section 7 or Section 9 (“Severance Period”), Executive will not knowingly disparage, criticize, or otherwise make any derogatory statements regarding the Company, its
directors, or its officers. The Company will instruct its officers and directors to not knowingly disparage, criticize, or otherwise make any derogatory statements regarding the Executive during the Employment Term and Severance Period.
Notwithstanding the foregoing, nothing contained in this agreement will be deemed to restrict the Executive, the Company or any of the Company’s current or former officers and/or directors from providing information to any governmental or
regulatory agency (or in any way limit the content of any such information) to the extent they are requested or required to provide such information pursuant to applicable law or regulation. 
 (c) Other Requirements. Executive’s receipt of continued severance payments will be subject to Executive continuing to comply
with the terms of the Company’s Confidential/Proprietary Information Agreement and the provisions of this Section 12. 
 13.
Code Section 409A. To the extent required by Section 409A(a)(2)(B)(i) of the Code to avoid taxation of any severance payments hereunder under Section 409A of the Code, the payments to which Executive would otherwise be entitled
during the first six months following the date of Employee’s separation from service with the Company shall be accumulated and paid as of the first payment date in the seventh month following the separation from service. 
 14. Successors. 
 (a)
Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets
shall assume the Company’s obligations under this Agreement and agree expressly to perform the Company’s obligations under this Agreement 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 this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets which executes and delivers the assumption agreement described
in this subsection or which becomes bound by the terms of this Agreement by operation of law. 
 (b) Executive’s
Successors. Without the written consent of the Company, Executive shall not assign or transfer this Agreement or any right or obligation under this Agreement to any other person or entity. Notwithstanding the foregoing, the terms of this
Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

15. Notices. 
 (a)
General. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally 

  

 -5- 

 
delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of Executive, mailed notices shall
be addressed to him at the home address that he most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of
its Secretary. 
 (b) Notice of Termination. Any termination by the Company for Cause or by Executive as a result of a
voluntary resignation, Involuntary Termination or Retirement shall be communicated by a notice of termination to the other party hereto given in accordance with this Section. Such notice shall indicate the specific termination provision in this
Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the termination date (which shall be not more than 30 days after
the giving of such notice). The failure by Executive to include in the notice any fact or circumstance which contributes to a showing of Involuntary Termination shall not waive any right of Executive hereunder or preclude Executive from asserting
such fact or circumstance in enforcing his rights hereunder. 
 16. Arbitration. 
 (a) Any dispute or controversy arising out of, relating to, or in connection with this Agreement, or the interpretation, validity,
construction, performance, breach, or termination thereof, shall be settled by binding arbitration to be held in Orange County, California in accordance with the National Rules for the Resolution of Employment Disputes then in effect of the American
Arbitration Association (the “Rules”). The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment
may be entered on the arbitrator’s decision in any court having jurisdiction. 
 (b) The arbitrator(s) shall apply
California law to the merits of any dispute or claim, without reference to conflicts of law rules. The arbitration proceedings shall be governed by federal arbitration law and by the Rules, without reference to state arbitration law. Executive
hereby consents to the personal jurisdiction of the state and federal courts located in California for any action or proceeding arising from or relating to this Agreement or relating to any arbitration in which the parties are participants.

 (c) Executive understands that nothing in this Section modifies Executive’s at-will employment status. Either
Executive or the Company can terminate the employment relationship at any time, with or without Cause. 
 (d) EXECUTIVE HAS
READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EXECUTIVE UNDERSTANDS THAT SUBMITTING ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR
TERMINATION THEREOF TO BINDING ARBITRATION, CONSTITUTES A WAIVER OF EXECUTIVE’S RIGHT TO A JURY TRIAL AND RELATES TO THE 

  

 -6- 

 
RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EXECUTIVE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, THE FOLLOWING CLAIMS: 
 (i) ANY AND ALL CLAIMS FOR WRONGFUL DISCHARGE OF EMPLOYMENT; BREACH OF CONTRACT, BOTH EXPRESS AND IMPLIED; BREACH OF THE COVENANT OF GOOD
FAITH AND FAIR DEALING, BOTH EXPRESS AND IMPLIED; NEGLIGENT OR INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS; NEGLIGENT OR INTENTIONAL MISREPRESENTATION; NEGLIGENT OR INTENTIONAL INTERFERENCE WITH CONTRACT OR PROSPECTIVE ECONOMIC ADVANTAGE; AND
DEFAMATION. 
 (ii) ANY AND ALL CLAIMS FOR VIOLATION OF ANY FEDERAL STATE OR MUNICIPAL STATUTE, INCLUDING, BUT NOT LIMITED TO,
TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE CIVIL RIGHTS ACT OF 1991, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE FAIR LABOR STANDARDS ACT, THE CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, AND
LABOR CODE SECTION 201, et seq; 
 (iii) ANY AND ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO
EMPLOYMENT OR EMPLOYMENT DISCRIMINATION. 
 17. Miscellaneous Provisions. 
 (a) No Duty to Mitigate. Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor
shall any such payment be reduced by earnings that Executive may receive from any other source, except with respect to the suspension of any post-termination medical coverage while Executive has alternative coverage as described in Section 7(c)
and Section 9. 
 (b) Waiver. No provision of this Agreement may be modified, waived or discharged unless the
modification, waiver or discharge is agreed to in writing and signed by Executive and by an authorized officer of the Company (other than Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of
this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 (c) Integration. This Agreement and any outstanding stock option agreements, restricted stock purchase agreements and loan agreements referenced herein represent the entire agreement and understanding between
the parties as to the subject matter herein and supersede all prior or contemporaneous agreements, whether written or oral, with respect to this Agreement, including but not limited to the Original Agreement and the offer letter entered into by and
between the Company and Executive on February 7th, 1996 (the “Offer Letter”) and any stock option
agreement, restricted stock purchase agreement or loan agreement. Executive agrees and acknowledges that in the event of any conflict, redundancy or discrepancy between the terms and conditions of the Offer Letter and this Agreement, the terms and
conditions of this Agreement shall govern. 
  

 -7- 

 (d) Choice of Law. The validity, interpretation, construction and performance of
this Agreement shall be governed by the internal substantive laws, but not the conflicts of law rules, of the State of California. 
 (e) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect.

 (f) Employment Taxes. All payments made pursuant to this Agreement shall be subject to withholding of applicable
income and employment taxes. 
 (g) Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed an original, but all of which together will constitute one and the same instrument. 
  

 -8- 

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

									
	 COMPANY:
	 		 	 EPICOR SOFTWARE CORPORATION

					
		 		 		 	 By:
	 	 /s/ John D. Ireland

		 		 		 	 Title:
	 	 General Counsel and Vice President

			
	 EXECUTIVE:
	 		 	  
		 		 		 	 Signature

				
		 		 		 	 /s/ L. George Klaus

				
		 		 		 	 L. George Klaus

		 		 		 	 Printed Name

  

 -9-

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