Document:

2011 Employee Stock Purchase Plan

 Exhibit 10.17 
 F5 NETWORKS, INC 
 2011 EMPLOYEE STOCK PURCHASE PLAN 

 

	1.	PURPOSE. 

 (a) The
purpose of the Plan is to provide a means by which Employees of the Company and certain designated Affiliates may be given an opportunity to purchase Shares of the Company. 
 (b) The Company, by means of the Plan, seeks to retain the services of such Employees, to secure and retain the services of new Employees and to provide incentives for such persons to exert maximum
efforts for the success of the Company and its Affiliates. 
 (c) The Company intends that the Rights to purchase Shares
granted under the Plan be considered options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code. 
  

	2.	DEFINITIONS. 

 Certain
terms used in the Plan have the meanings set forth in Appendix I. 
  

	3.	ADMINISTRATION. 

(a) The Board shall administer the Plan unless and until the Board delegates administration to a Committee, as provided in
subparagraph 3(d). Whether or not the Board has delegated administration, the Board shall have the final power to determine all questions of policy and expediency that may arise in the administration of the Plan. 

(b) The Board (or the Committee) shall have the power, subject to, and within the limitations of, the express provisions of the
Plan: 
 (i) To determine when and how Rights to purchase Shares shall be granted and the provisions of each Offering of
such Rights (which need not be identical). 
 (ii) To designate from time to time which Affiliates of the Company shall be
eligible to participate in the Plan. 
 (iii) To construe and interpret the Plan and Rights granted under it, and to
establish, amend and revoke rules and regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan, in a manner and to the extent it shall deem necessary or expedient to
make the Plan fully effective. 
 (iv) To amend the Plan as provided in paragraph 14. 

 (v) Generally, to exercise such powers and to perform such acts as it deems necessary
or expedient to promote the best interests of the Company and its Affiliates and to carry out the intent that the Plan be treated as an Employee Stock Purchase Plan. 
 (c) Without limitation on paragraph 3(b) and without amending the Plan, the Board (or the Committee) may grant rights or establish other procedures to provide benefits to Eligible Employees outside
of the United States on such terms and conditions different from those specified in this Plan as may, in the judgment of the Board (or the Committee), be necessary or desirable to foster and promote achievement of the purposes of the Plan and shall
have the authority to adopt such modifications, procedures, subplans and the like as may be necessary or desirable (i) to comply with provisions of the laws or regulations or conform to the requirements to operate the Plan in a qualified or tax
or accounting advantageous manner in other countries or jurisdictions in which the Company or any other Employer may operate or have employees, (ii) to ensure the viability of the benefits from the Plan to Eligible Employees employed in such
countries or jurisdictions and (iii) to meet the objectives of the Plan. 
 (d) The Board may delegate
administration of the Plan to a Committee of the Board composed of two (2) or more members, all of the members of which Committee may be, in the discretion of the Board, Non-Employee Directors and/or Outside Directors. If administration is
delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, including the power to delegate to a subcommittee of two (2) or more Outside Directors any of
the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or such a subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of
the Plan, as may be adopted from time to time by the Board. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan. 
  

	4.	SHARES SUBJECT TO THE PLAN. 

 (a) Subject to the provisions of paragraph 13 relating to adjustments upon changes in securities, the Shares that may be sold pursuant to Rights granted under the Plan shall not exceed in the
aggregate six million (6,000,000)1 Shares. If any Right
granted under the Plan shall for any reason terminate without having been exercised, the Shares not purchased under such Right shall again become available for the Plan. 
 (b) The Shares subject to the Plan may be unissued Shares or Shares that have been bought on the open market at prevailing market prices or otherwise. 

 

	5.	GRANT OF RIGHTS; OFFERING. 

(a) The Board may from time to time grant or provide for the grant of Rights to purchase Shares of the Company under the Plan to
Eligible Employees in an Offering on an Offering Date or Dates selected by the Board. Each Offering shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate, which shall comply with 

 
  

	1 	 As adjusted to reflect two-for-one forward stock split effective August 20, 2007. 

  
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 the requirements of Section 423(b)(5) of the Code that all Employees granted Rights to purchase Shares
under the Plan shall have the same rights and privileges. The terms and conditions of an Offering shall be incorporated by reference into the Plan and treated as part of the Plan. The provisions of separate Offerings need not be identical, but each
Offering shall include (through incorporation of the provisions of this Plan by reference in the document comprising the Offering or otherwise) the period during which the Offering shall be effective, which period shall not exceed twenty-seven
(27) months beginning with the Offering Date, and the substance of the provisions contained in paragraphs 6 through 9, inclusive. 
 (b) If a Participant has more than one Right outstanding under the Plan, unless he or she otherwise indicates in agreements or notices delivered hereunder: (i) each agreement or notice
delivered by that Participant will be deemed to apply to all of his or her Rights under the Plan, and (ii) an earlier-granted Right (or a Right with a lower exercise price, if two Rights have identical grant dates) will be exercised to the
fullest possible extent before a later-granted Right (or a Right with a higher exercise price if two Rights have identical grant dates) will be exercised. 
  

	6.	ELIGIBILITY. 

 (a)
Rights may be granted only to Employees of the Company or, as the Board may designate as provided in subparagraph 3(b), to Employees of an Affiliate. Except as provided in subparagraph 6(b), an Employee shall not be eligible to be granted Rights
under the Plan unless, on the Offering Date, such Employee has been in the employ of the Company or the Affiliate, as the case may be, for such continuous period preceding such grant as the Board may require, but in no event shall the required
period of continuous employment be equal to or greater than two (2) years. 
 (b) The Board may provide that each
person who, during the course of an Offering, first becomes an Eligible Employee will, on a date or dates specified in the Offering which coincides with the day on which such person becomes an Eligible Employee or which occurs thereafter, receive a
Right under that Offering, which Right shall thereafter be deemed to be a part of that Offering. Such Right shall have the same characteristics as any Rights originally granted under that Offering, as described herein, except that: 

(i) the date on which such Right is granted shall be the “Offering Date” of such Right for all purposes, including
determination of the exercise price of such Right; 
 (ii) the period of the Offering with respect to such Right shall
begin on its Offering Date and end coincident with the end of such Offering; and 
 (iii) the Board may provide that if
such person first becomes an Eligible Employee within a specified period of time before the end of the Offering, he or she will not receive any Right under that Offering. 
 (c) No Employee shall be eligible for the grant of any Rights under the Plan if, immediately after any such Rights are granted, such Employee owns 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 Affiliate. For purposes of this subparagraph 6(c), the rules of Section 424(d) of the Code shall apply in determining the stock ownership of any Employee,
and stock which such Employee may purchase under all outstanding rights and options shall be treated as stock owned by such Employee. 

  
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 (d) An Eligible Employee may be granted Rights under the Plan only if such Rights,
together with any other Rights granted under all Employee Stock Purchase Plans of the Company and any Affiliates, as specified by Section 423(b)(8) of the Code, do not permit such Eligible Employee’s rights to purchase Shares of the
Company or any Affiliate to accrue at a rate which exceeds twenty five thousand dollars ($25,000) of the fair market value of such Shares (determined at the time such Rights are granted) for each calendar year in which such Rights are outstanding at
any time. 
 (e) The Board may provide in an Offering that Employees who are highly compensated Employees within the
meaning of Section 423(b)(4)(D) of the Code shall not be eligible to participate. 
  

	7.	RIGHTS; PURCHASE PRICE. 

(a) On each Offering Date, each Eligible Employee, pursuant to an Offering made under the Plan, shall be granted the Right to
purchase up to the number of Shares purchasable either: 
 (i) with a percentage designated by the Board not exceeding
fifteen percent (15%) of such Employee’s Earnings (as defined by the Board in each Offering) during the period which begins on the Offering Date (or such later date as the Board determines for a particular Offering) and ends on the date
stated in the Offering, which date shall be no later than the end of the Offering; or 
 (ii) with a maximum dollar amount
designated by the Board that, as the Board determines for a particular Offering, (1) shall be withheld, in whole or in part, from such Employee’s Earnings (as defined by the Board in each Offering) during the period which begins on the
Offering Date (or such later date as the Board determines for a particular Offering) and ends on the date stated in the Offering, which date shall be no later than the end of the Offering and/or (2) shall be contributed, in whole or in part, by
such Employee during such period. 
 (b) The Board shall establish one or more Purchase Dates during an Offering on which
Rights granted under the Plan shall be exercised and purchases of Shares carried out in accordance with such Offering. 

(c) In connection with each Offering made under the Plan, the Board may specify a maximum amount of Shares that may be purchased
by any Participant as well as a maximum aggregate amount of Shares that may be purchased by all Participants pursuant to such Offering. In addition, in connection with each Offering that contains more than one Purchase Date, the Board may specify a
maximum aggregate amount of Shares which may be purchased by all Participants on any given Purchase Date under the Offering. If the aggregate purchase of Shares upon exercise of Rights granted under the Offering would exceed any such maximum
aggregate amount, the Board shall make a pro rata allocation of the Shares available in as nearly a uniform manner as shall be practicable and as it shall deem to be equitable. Unless a different maximum amount of Shares that may be purchased by any
Participant during an Offering is determined by the Board prior to the start of an Offering, the maximum amount of Shares that may be purchased by any Participant during an Offering is 10,000 Shares. 

  
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 (d) The purchase price of Shares acquired pursuant to Rights granted under the Plan
shall be not less than the lesser of: 
 (i) an amount equal to eighty-five percent (85%) of the fair market value of
the Shares on the Offering Date; or 
 (ii) an amount equal to eighty-five percent (85%) of the fair market value of
the Shares on the Purchase Date. 
  

	8.	PARTICIPATION; WITHDRAWAL; TERMINATION. 

 (a) An Eligible Employee may become a Participant in the Plan pursuant to an Offering by delivering a participation agreement to the Company within the time specified in the Offering, in such form
as the Company provides. Each such agreement shall authorize payroll deductions of up to the maximum percentage specified by the Board of such Employee’s Earnings during the Offering (as defined in each Offering). The payroll deductions made
for each Participant shall be credited to a bookkeeping account for such Participant under the Plan and either may be deposited with the general funds of the Company or may be deposited in a separate account in the name of, and for the benefit of,
such Participant with a financial institution designated by the Company. To the extent provided in the Offering, a Participant may reduce (including to zero) or increase such payroll deductions. To the extent provided in the Offering, a Participant
may begin such payroll deductions after the beginning of the Offering. A Participant may make additional payments into his or her account only if specifically provided for in the Offering and only if the Participant has not already had the maximum
permitted amount withheld during the Offering. 
 (b) At any time during an Offering, a Participant may terminate his or
her payroll deductions under the Plan and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering except as
provided by the Board in the Offering. Upon such withdrawal from the Offering by a Participant, the Company shall distribute to such Participant all of his or her accumulated payroll deductions (reduced to the extent, if any, such deductions have
been used to acquire Shares for the Participant) under the Offering, without interest unless otherwise specified in the Offering, and such Participant’s interest in that Offering shall be automatically terminated. A Participant’s
withdrawal from an Offering will have no effect upon such Participant’s eligibility to participate in any other Offerings under the Plan but such Participant will be required to deliver a new participation agreement in order to participate in
subsequent Offerings under the Plan. 
 (c) Rights granted pursuant to any Offering under the Plan shall terminate
immediately upon cessation of any participating Employee’s employment with the Company or a designated Affiliate for any reason (subject to any post-employment participation period required by law) or other lack of eligibility. The Company
shall distribute to such terminated Employee 

  
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all of his or her accumulated payroll deductions (reduced to the extent, if any, such deductions have been used to acquire Shares for the terminated Employee) under the Offering, without interest
unless otherwise specified in the Offering. If the accumulated payroll deductions have been deposited with the Company’s general funds, then the distribution shall be made from the general funds of the Company, without interest. If the
accumulated payroll deductions have been deposited in a separate account with a financial institution as provided in subparagraph 8(a), then the distribution shall be made from the separate account, without interest unless otherwise specified in the
Offering. 
 (d) Rights granted under the Plan shall not be transferable by a Participant otherwise than by will or the
laws of descent and distribution and, otherwise during his or her lifetime, shall be exercisable only by the person to whom such Rights are granted. 
  

	9.	EXERCISE. 

 (a) On
each Purchase Date specified therefor in the relevant Offering, each Participant’s accumulated payroll deductions and other additional payments specifically provided for in the Offering (without any increase for interest) will be applied to the
purchase of Shares up to the maximum amount of Shares permitted pursuant to the terms of the Plan and the applicable Offering, at the purchase price specified in the Offering. No fractional Shares shall be issued upon the exercise of Rights granted
under the Plan unless specifically provided for in the Offering. 
 (b) Unless otherwise specifically provided in the
Offering, the amount, if any, of accumulated payroll deductions remaining in any Participant’s account after the purchase of Shares that is equal to the amount required to purchase one or more whole Shares on the final Purchase Date of the
Offering shall be distributed in full to the Participant at the end of the Offering, without interest. If the accumulated payroll deductions have been deposited with the Company’s general funds, then the distribution shall be made from the
general funds of the Company, without interest. If the accumulated payroll deductions have been deposited in a separate account with a financial institution as provided in subparagraph 8(a), then the distribution shall be made from the separate
account, without interest unless otherwise specified in the Offering. 
 (c) No Rights granted under the Plan may be
exercised to any extent unless the Shares to be issued upon such exercise under the Plan (including Rights granted thereunder) are covered by an effective registration statement pursuant to the Securities Act and the Plan is in material compliance
with all applicable state, foreign and other securities and other laws applicable to the Plan. If on a Purchase Date in any Offering hereunder the Plan is not so registered or in such compliance, no Rights granted under the Plan or any Offering
shall be exercised on such Purchase Date, and the Purchase Date shall be delayed until the Plan is subject to such an effective registration statement and such compliance, except that the Purchase Date shall not be delayed more than twelve
(12) months and the Purchase Date shall in no event be more than twenty-seven (27) months from the Offering Date. If, on the Purchase Date of any Offering hereunder, as delayed to the maximum extent permissible, the Plan is not registered
and in such compliance, no Rights granted under the Plan or any Offering shall be exercised and all payroll deductions accumulated during the Offering (reduced to the extent, if any, such 

  
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deductions have been used to acquire Shares) shall be distributed to the Participants, without interest unless otherwise specified in the Offering. If the accumulated payroll deductions have been
deposited with the Company’s general funds, then the distribution shall be made from the general funds of the Company, without interest. If the accumulated payroll deductions have been deposited in a separate account with a financial
institution as provided in subparagraph 8(a), then the distribution shall be made from the separate account, without interest unless otherwise specified in the Offering. 

 

	10.	ISSUANCE OF SHARES. 

(a) If on a given Purchase Date, the number of Shares with respect to which Rights are to be exercised exceeds the number of Shares
then available under the Plan, the Board shall make a pro rata allocation of the Shares remaining available under the Plan in as nearly a uniform manner as shall be practical and as it shall determine to be equitable. 

(b) If the Company is unable to obtain from any regulatory commission or agency the authority which counsel for the Company deems
necessary for the lawful issuance and sale of Shares under the Plan, the Company shall be relieved from any liability for failure to issue and sell Shares upon exercise of such Rights unless and until such authority is obtained. 

 

	11.	USE OF PROCEEDS FROM SHARES. 

 Proceeds from the sale of Shares pursuant to Rights granted under the Plan shall constitute general funds of the Company. 
  

	12.	RIGHTS AS A SHAREHOLDER. 

A Participant shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, Shares subject to Rights
granted under the Plan unless and until the Participant’s Shares acquired upon exercise of Rights under the Plan are issued. No adjustment will be made for dividends or other rights for which the record date is prior to the date of issuance.

  

	13.	ADJUSTMENTS UPON CHANGES IN SECURITIES. 

 (a) If any change is made in the Shares subject to the Plan, or subject to any Right, without the receipt of consideration by the Company (through merger, consolidation, reorganization,
recapitalization, reincorporation, stock dividend, dividend in property other than cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other transaction not involving the receipt of
consideration by the Company), the Plan will be appropriately adjusted in the class(es) and maximum number of Shares subject to the Plan pursuant to subparagraph 4(a), and the outstanding Rights will be appropriately adjusted in the class(es),
number of Shares and purchase limits of such outstanding Rights. The Board shall make such adjustments, and its determination shall be final, binding and conclusive. (The conversion of any convertible securities of the Company shall not be treated
as a transaction that does not involve the receipt of consideration by the Company.) 

  
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 (b) In the event of: (i) a dissolution, liquidation, or sale of all or
substantially all of the assets of the Company; (ii) a merger or consolidation in which the Company is not the surviving corporation; or (iii) a reverse merger in which the Company is the surviving corporation but the Shares outstanding
immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise, then: (1) any surviving or acquiring corporation shall assume Rights outstanding under the Plan or
shall substitute similar rights (including a right to acquire the same consideration paid to Shareholders in the transaction described in this subparagraph 13(b)) for those outstanding under the Plan, or (2) in the event any surviving or
acquiring corporation refuses to assume such Rights or to substitute similar rights for those outstanding under the Plan, then, as determined by the Board in its sole discretion such Rights may continue in full force and effect or the
Participants’ accumulated payroll deductions (exclusive of any accumulated interest which cannot be applied toward the purchase of Shares under the terms of the Offering) may be used to purchase Shares immediately prior to the transaction
described above under the ongoing Offering and the Participants’ Rights under the ongoing Offering thereafter terminated. 
  

	14.	AMENDMENT OF THE PLAN. 

(a) The Board at any time, and from time to time, may amend the Plan. However, except as provided in paragraph 13 relating to
adjustments upon changes in securities and except as to minor amendments to benefit the administration of the Plan, to take account of a change in legislation or to obtain or maintain favorable tax, exchange control or regulatory treatment for
Participants or the Company or any Affiliate, no amendment shall be effective unless approved by the shareholders of the Company to the extent shareholder approval is necessary for the Plan to satisfy the requirements of Section 423 of the Code
and any Nasdaq or other securities exchange listing requirements. Currently under the Code, shareholder approval within twelve (12) months before or after the adoption of the amendment is required where the amendment will: 

(i) Increase the amount of Shares reserved for Rights under the Plan; 

(ii) Modify the provisions as to eligibility for participation in the Plan to the extent such modification requires shareholder
approval in order for the Plan to obtain employee stock purchase plan treatment under Section 423 of the Code; or 

(iii) Modify the Plan in any other way if such modification requires shareholder approval in order for the Plan to obtain employee
stock purchase plan treatment under Section 423 of the Code. 
 (b) It is expressly contemplated that the Board may
amend the Plan in any respect the Board deems necessary or advisable to provide Employees with the maximum benefits provided or to be provided under the provisions of the Code and the regulations promulgated thereunder relating to Employee Stock
Purchase Plans and/or to bring the Plan and/or Rights granted under it into compliance therewith. 

  
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 (c) Rights and obligations under any Rights granted before amendment of the Plan
shall not be impaired by any amendment of the Plan, except with the consent of the person to whom such Rights were granted, or except as necessary to comply with any laws or governmental regulations, or except as necessary to ensure that the Plan
and/or Rights granted under the Plan comply with the requirements of Section 423 of the Code or are exempt from or comply with the requirements of Section 409A of the Code. 

 

	15.	TERMINATION OR SUSPENSION OF THE PLAN. 

 (a) The Board in its discretion may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate at the time that all of the Shares subject to the Plan’s
reserve, as increased and/or adjusted from time to time, have been issued under the terms of the Plan. No Rights may be granted under the Plan while the Plan is suspended or after it is terminated. 

(b) Rights and obligations under any Rights granted while the Plan is in effect shall not be impaired by suspension or termination
of the Plan, except as expressly provided in the Plan or with the consent of the person to whom such Rights were granted, or except as necessary to comply with any laws or governmental regulation, or except as necessary to ensure that the Plan
and/or Rights granted under the Plan comply with the requirements of Section 423 of the Code. 
  

	16.	TREATMENT OF ELIGIBLE EMPLOYEES OUTSIDE OF THE UNITED STATES. 

 Eligible Employees who are paid in foreign currency, and who contribute foreign currency to the Plan through contributions or payroll deductions will have such amounts converted to U.S. dollars. The
exchange rate and method for such conversion will be determined as prescribed by the Board or Committee. In no event will any procedure implemented for dealing with exchange rate fluctuations that may occur during an Offering result in a purchase
price below the purchase price permitted under subparagraph 6(d) of the Plan. Each Eligible Employee shall bear the risk of any currency exchange fluctuations (if applicable) between the date on which any Eligible Employee amounts are converted to
U.S. dollars and the Purchase Date. 
  

	17.	WITHHOLDING. 

 The
Employer shall have the power and the right to (a) deduct, withhold or cause the sale of Shares purchased pursuant to an Offering under the Plan to obtain, (b) deduct or withhold from any other compensation to the Participant, or
(c) require a Participant to remit to the Employer, an amount sufficient to satisfy Federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of the
Plan. 
  

	18.	SECTION 409A. 

 Rights
under the Plan are intended to be exempt from the application of Section 409A of the Code and the Plan is intended to be interpreted consistent with such intention. Notwithstanding the foregoing, neither the Company nor the Board shall have any
liability to any Participant or any other party if the Rights under the Plan are not exempt from or compliant with Section 409A of the Code. 

  
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	19.	NO RIGHT OF EMPLOYMENT. 

Neither the grant nor the exercise of any Right under the Plan nor anything in this Plan shall impose upon the Company or any other
Employer any obligation to employ or continue to employ any Eligible Employee. The right of the Company or any other Employer to terminate any Employee shall not be diminished or affected because any Rights have been granted to such Employee.

  

	20.	OBLIGATION TO MAINTAIN SHARES WITH BROKER. 

 Without limitation on the Participant’s or former Participant’s ability to sell, transfer, or otherwise makes a disposition of Shares purchased pursuant to an Offering under the Plan and without
limitation on paragraph 3, Participants and former Participants must maintain any Shares purchased pursuant to an Offering under the Plan at the broker designated by the Committee unless the Committee determines otherwise. 

 

	21.	EFFECTIVE DATE AND HISTORY OF PLAN. 

 The 1999 Employee Stock Purchase Plan was originally adopted by the Board and approved by shareholders in 1999 and subsequently amended as set forth on Appendix II. The 2011 Employee Stock Purchase Plan
is an amendment and restatement of the 1999 Employee Stock Purchase Plan, as amended. 

  
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 APPENDIX I 
 DEFINITIONS 
 (a) “Affiliate” means any parent
corporation or subsidiary corporation, whether now or hereafter existing, as those terms are defined in Sections 424(e) and (f), respectively, of the Code. 
 (b) “Board” means the Board of Directors of the Company. 

(c) “Code” means the United States Internal Revenue Code of 1986, as amended. 

(d) “Committee” means a Committee appointed by the Board in accordance with subparagraph 3(d) of the Plan.

 (e) “Company” means F5 Networks, Inc., a Washington corporation. 

(f) “Director” means a member of the Board. 

(g) “Earnings” means, unless otherwise determined by the Board, cash compensation actually paid to an Eligible
Employee during the specified period. 
 (h) “Eligible Employee” means an Employee who meets the
requirements set forth in the Offering for eligibility to participate in the Offering. 
 (i) “Employee”
means any person, including Officers and Directors, employed by the Company or an Affiliate of the Company. Neither service as a Director nor payment of a director’s fee shall be sufficient to constitute “employment” by the Company or
the Affiliate. 
 (j) “Employee Stock Purchase Plan” means a plan that grants rights intended to be
options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code. 

(k) “Employer” means the Company and the Affiliates designated from time to time pursuant to subparagraph 3(b) of
the plan to participate in the Plan. 
 (l) “Exchange Act” means the United States Securities Exchange
Act of 1934, as amended. 
 (m) “Fair Market Value” means the value of a security, as determined in good
faith by the Board. If the security is listed on any established stock exchange, then, except as otherwise provided in the Offering, the Fair Market Value of the security shall be the closing sales price (rounded up where necessary to the nearest
whole cent) for such security (or the closing bid, if no sales were reported) as quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the relevant security of the Company) on the trading day prior to
the relevant determination date, as reported in The Wall Street Journal or such other source as the Board deems reliable. 

  
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 (n) “Non-Employee Director” means a Director who either (i) is
not a current Employee or Officer of the Company or its parent or subsidiary, does not receive compensation (directly or indirectly) from the Company or its parent or subsidiary for services rendered as a consultant or in any capacity other than as
a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S K promulgated pursuant to the Securities Act (“Regulation S-K”)) and does not possess an interest in any other transaction
as to which disclosure would be required under Item 404(a) of Regulation S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3. 

(o) “Offering” means the grant of Rights to purchase Shares under the Plan to Eligible Employees. 

(p) “Offering Date” means a date selected by the Board for an Offering to commence. 

(q) “Outside Director” means a Director who either (i) is not a current employee of the Company or an
“affiliated corporation” (within the meaning of the Treasury regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or an “affiliated corporation” receiving compensation for prior
services (other than benefits under a tax qualified pension plan), was not an officer of the Company or an “affiliated corporation” at any time, and is not currently receiving direct or indirect remuneration from the Company or an
“affiliated corporation” for services in any capacity other than as a Director, or (ii) is otherwise considered an “outside director” for purposes of Section 162(m) of the Code. 

(r) “Participant” means an Eligible Employee who holds an outstanding Right granted pursuant to the Plan or, if
applicable, such other person who holds an outstanding Right granted under the Plan. 
 (s) “Plan” means
this F5 Networks, Inc. 2011 Employee Stock Purchase Plan. 
 (t) “Purchase Date” means one or more dates
established by the Board during an Offering on which Rights granted under the Plan shall be exercised and purchases of Shares carried out in accordance with such Offering. 
 (u) “Right” means an option to purchase Shares granted pursuant to the Plan. 
 (v) “Rule 16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3 as in effect with respect to the Company at the time discretion is being exercised regarding
the Plan. 
 (w) “Securities Act” means the United States Securities Act of 1933, as amended.

 (x) “Share” means a share of the common stock of the Company. 

  
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 APPENDIX II 

 

			
	HISTORY:	  	 ORIGINALLY ADOPTED BY BOARD OF DIRECTORS APRIL 5, 1999
 ORIGINALLY APPROVED BY SHAREHOLDERS MAY, 1999
 AMENDMENT ADOPTED BY BOARD OF DIRECTORS JANUARY 26,
2004
 AMENDMENT ADOPTED BY SHAREHOLDERS APRIL 29, 2004
 SECOND AMENDMENT ADOPTED BY BOARD OF DIRECTORS JANUARY 7, 2009
 SECOND AMENDMENT ADOPTED BY
SHAREHOLDERS MARCH 12, 2009
 AMENDMENT ADOPTED BY BOARD OF DIRECTORS SEPTEMBER 9, 2010
 AMENDMENT AND RESTATEMENT ADOPTED BY BOARD OF DIRECTORS JULY 14, 2011

 TERMINATION DATE: NONE 

  
 -13-2011 Equity Incentive Plan

 Exhibit 10.1 
 FUSIONSTORM GLOBAL INC. 
 2011 EQUITY INCENTIVE PLAN 

(AS ADOPTED EFFECTIVE UPON THE IPO) 

							
	 ARTICLE 1. INTRODUCTION
	  	 	4	  
	 1.1
	    	 IPO
	  	 	4	  
	 1.2
	    	 Governing Law
	  	 	4	  
		
	 ARTICLE 2. ADMINISTRATION
	  	 	4	  
	 2.1
	    	 Committee Composition
	  	 	4	  
	 2.2
	    	 Committee Responsibilities
	  	 	4	  
	 2.3
	    	 Committee for Non-Officer Grants
	  	 	5	  
		
	 ARTICLE 3. SHARES AVAILABLE FOR GRANTS
	  	 	5	  
	 3.1
	    	 Basic Limitation
	  	 	5	  
	 3.2
	    	 Shares Returned to Reserve
	  	 	5	  
	 3.3
	    	 Dividend Equivalents
	  	 	5	  
		
	 ARTICLE 4. ELIGIBILITY
	  	 	5	  
	 4.1
	    	 Incentive Stock Options
	  	 	5	  
	 4.2
	    	 Other Grants
	  	 	6	  
		
	 ARTICLE 5. OPTIONS
	  	 	6	  
	 5.1
	    	 Stock Option Agreement
	  	 	6	  
	 5.2
	    	 Number of Shares
	  	 	6	  
	 5.3
	    	 Exercise Price
	  	 	6	  
	 5.4
	    	 Exercisability and Term
	  	 	6	  
	 5.5
	    	 Modification or Assumption of Options
	  	 	6	  
	 5.6
	    	 Buyout Provisions
	  	 	6	  
		
	 ARTICLE 6. PAYMENT FOR OPTION SHARES
	  	 	7	  
	 6.1
	    	 General Rule
	  	 	7	  
	 6.2
	    	 Surrender of Stock
	  	 	7	  
	 6.3
	    	 Exercise/Sale
	  	 	7	  
	 6.4
	    	 Other Forms of Payment
	  	 	7	  
		
	 ARTICLE 7. STOCK APPRECIATION RIGHTS
	  	 	7	  
	 7.1
	    	 SAR Agreement
	  	 	7	  
	 7.2
	    	 Number of Shares
	  	 	7	  
	 7.3
	    	 Exercise Price
	  	 	7	  
	 7.4
	    	 Exercisability and Term
	  	 	8	  
	 7.5
	    	 Exercise of SARs
	  	 	8	  
	 7.6
	    	 Modification or Assumption of SARs
	  	 	8	  
		
	 ARTICLE 8. RESTRICTED SHARES
	  	 	8	  
	 8.1
	    	 Restricted Stock Agreement
	  	 	8	  
	 8.2
	    	 Payment for Awards
	  	 	8	  
	 8.3
	    	 Vesting Conditions
	  	 	8	  
	 8.4
	    	 Voting and Dividend Rights
	  	 	9	  

							
		
	 ARTICLE 9. STOCK UNITS
	  	 	9	  
	 9.1
	    	 Stock Unit Agreement
	  	 	9	  
	 9.2
	    	 Payment for Awards
	  	 	9	  
	 9.3
	    	 Vesting Conditions
	  	 	9	  
	 9.4
	    	 Voting and Dividend Rights
	  	 	9	  
	 9.5
	    	 Form and Time of Settlement of Stock Units
	  	 	10	  
	 9.6
	    	 Death of Recipient
	  	 	10	  
	 9.7
	    	 Creditors’ Rights
	  	 	10	  
		
	 ARTICLE 10. OTHER FORMS OF EQUITY-BASED AWARDS
	  	 	10	  
	 10.1
	    	 Other Awards
	  	 	10	  
		
	 ARTICLE 11. CHANGE IN CONTROL
	  	 	10	  
	 11.1
	    	 Discretionary Changes
	  	 	10	  
		
	 ARTICLE 12. PROTECTION AGAINST DILUTION
	  	 	11	  
	 12.1
	    	 Adjustments
	  	 	11	  
	 12.2
	    	 Certain Dividends
	  	 	11	  
	 12.3
	    	 Dissolution or Liquidation
	  	 	11	  
	 12.4
	    	 Reorganizations
	  	 	11	  
		
	 ARTICLE 13. PAYMENT OF DIRECTOR’S FEES IN SECURITIES
	  	 	13	  
	 13.1
	    	 Effective Date
	  	 	13	  
	 13.2
	    	 Elections to Receive NSOs, Restricted Shares or Stock Units
	  	 	13	  
	 13.3
	    	 Number and Terms of NSOs, Restricted Shares or Stock Units
	  	 	13	  
		
	 ARTICLE 14. LIMITATION ON RIGHTS
	  	 	13	  
	 14.1
	    	 Retention Rights
	  	 	13	  
	 14.2
	    	 Stockholders’ Rights
	  	 	13	  
	 14.3
	    	 Regulatory Requirements
	  	 	13	  
		
	 ARTICLE 15. WITHHOLDING TAXES
	  	 	14	  
	 15.1
	    	 General
	  	 	14	  
	 15.2
	    	 Share Withholding
	  	 	14	  
		
	 ARTICLE 16. FUTURE OF THE PLAN
	  	 	14	  
	 16.1
	    	 Term of the Plan
	  	 	14	  
	 16.2
	    	 Amendment or Termination
	  	 	14	  
	 16.3
	    	 Stockholder Approval
	  	 	14	  
		
	 ARTICLE 17. DEFINITIONS
	  	 	14	  

  
 - 3 -

 FUSIONSTORM GLOBAL INC.

 2011 EQUITY INCENTIVE PLAN 

ARTICLE 1. INTRODUCTION. 
 1.1 IPO. The Plan was adopted by the Board to be effective at the IPO. The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by
(a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and
(c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of Restricted Shares, Stock Units, Options
(which may constitute ISOs or NSOs), stock appreciation rights or other forms of equity-based compensation awards. 
 1.2
Governing Law. The Plan shall be governed by, and construed in accordance with, the laws of the State of Delaware (other than its choice-of-law provisions). 
 ARTICLE 2. ADMINISTRATION. 
 2.1 Committee Composition. The Committee
shall administer the Plan. The Committee shall consist exclusively of two or more directors of the Company, who shall be appointed by the Board. In addition, each member of the Committee shall meet the following requirements: 

(a) Any listing standards prescribed by the principal securities market on which the Company’s equity securities are
traded; 
 (b) Such requirements as the Internal Revenue Service may establish for outside directors acting under
plans intended to qualify for exemption under section 162(m)(4)(C) of the Code; 
 (c) Such requirements as
the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act; and 

(d) Any other requirements imposed by applicable law, regulations or rules. 

2.2 Committee Responsibilities. The Committee shall (a) select the Employees, Outside Directors and Consultants who are to
receive Awards under the Plan, (b) determine the type, number, vesting requirements and other features and conditions of such Awards, (c) interpret the Plan, (d) make all other decisions relating to the operation of the Plan and
(e) carry out any other duties delegated to it by the Board. The Committee may adopt such rules or guidelines as it deems appropriate to implement the Plan, and may delegate authority to officers or subcommittees (including a secondary
committee as described in Section 2.3) to administer the Plan in certain respects. Except when the context otherwise requires, any reference in the Plan to the Committee shall include such officers or subcommittees authorized to

 
administer the Plan. The Committee’s determinations under the Plan shall be final and binding on all persons. 
 2.3 Committee for Non-Officer Grants. The Board may also appoint a secondary committee of the Board, which shall be composed of the entire Board or of one or more directors of the Company who need
not satisfy the requirements of Section 2.1. Such secondary committee may administer the Plan with respect to Employees and Consultants who are not Outside Directors and are not considered executive officers of the Company under section 16
of the Exchange Act, may grant Awards under the Plan to such Employees and Consultants and may determine all features and conditions of such Awards. 
 ARTICLE 3. SHARES AVAILABLE FOR GRANTS. 
 3.1 Basic Limitation.
Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares issued under the Plan shall not exceed 5,415,000 plus the additional Common Shares described in
Section 3.2. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares available for issuance under the Plan. The limitations of this Section 3.1 shall be
subject to adjustment pursuant to Article 11. 
 3.2 Shares Returned to Reserve. If Options, SARs, Stock Units or other
forms of equity-based awards under this Plan are forfeited or terminate for any other reason before being exercised or settled, then the Common Shares subject to such Options, SARs, Stock Units or other awards shall again become available for
issuance under this Plan. If Restricted Shares or Common Shares issued upon the exercise of Options under this Plan are reacquired by the Company pursuant to a forfeiture provision or for any other reason, then such Common Shares shall again become
available for issuance under this Plan. If SARs are exercised, then only the number of Common Shares (if any) actually issued in settlement of such SARs shall reduce the number available under Section 3.1 and the balance shall again become
available for issuance under the Plan. If Stock Units are settled, then only the number of Common Shares (if any) actually issued in settlement of such Stock Units shall reduce the number available under Section 3.1 and the balance shall again
become available for issuance under the Plan. If Common Shares are withheld from an Award in payment of the exercise price or in satisfaction of tax withholding obligations, then the shares so withheld shall again become available for issuance under
the Plan. 
 3.3 Dividend Equivalents. Any dividend equivalents paid or credited under the Plan shall not be applied
against the number of Common Shares that may be issued under the Plan, whether or not such dividend equivalents are converted into Stock Units. 
 ARTICLE 4. ELIGIBILITY. 
 4.1 Incentive Stock Options. Only Employees
who are common-law employees of the Company, a Parent or a Subsidiary shall be eligible for the grant of ISOs. In addition, an Employee who owns more than 10% of the total combined voting power of all classes of outstanding stock of the Company or
any of its Parents or Subsidiaries shall not be 

  
 - 5 -

 
eligible for the grant of an ISO unless the requirements set forth in section 422(c)(5) of the Code are satisfied. 

4.2 Other Grants. Only Employees, Outside Directors and Consultants shall be eligible for the grant of Restricted Shares, Stock
Units, NSOs, SARs or other equity-based awards. 
 ARTICLE 5. OPTIONS. 

5.1 Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the
Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an
NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. 
 5.2 Number
of Shares. Each Stock Option Agreement shall specify the number of Common Shares subject to the Option and shall provide for the adjustment of such number in accordance with Article 11. Options granted to any Optionee in a single calendar year
shall not cover more than 1,083,018 Common Shares. The limitation set forth in the preceding sentence shall be subject to adjustment in accordance with Article 11. 
 5.3 Exercise Price. Each Stock Option Agreement shall specify the Exercise Price; provided that the Exercise Price shall in no event be less than 100% of the Fair Market Value of a Common Share on
the date of grant. 
 5.4 Exercisability and Term. Each Stock Option Agreement shall specify the date or event when all
or any installment of the Option is to become exercisable. The Stock Option Agreement shall also specify the term of the Option; provided that the term of an ISO shall in no event exceed 10 years from the date of grant. A Stock Option Agreement
may provide for accelerated exercisability in the event of the Optionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s
Service. 
 5.5 Modification or Assumption of Options. Within the limitations of the Plan, the Committee may modify,
reprice, extend or assume outstanding options or may accept the cancellation of outstanding options (whether granted by the Company or by another issuer) in return for the grant of new options for the same or a different number of shares and at the
same or a different exercise price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, alter or impair his or her rights or obligations under such Option. 

5.6 Buyout Provisions. The Committee may at any time (a) offer to buy out for a payment in cash or cash equivalents an Option
previously granted or (b) authorize an Optionee to elect to cash out an Option previously granted, in either case at such time and based upon such terms and conditions as the Committee shall establish. 

  
 - 6 -

 ARTICLE 6. PAYMENT FOR OPTION SHARES. 

6.1 General Rule. The entire Exercise Price of Common Shares issued upon exercise of Options shall be payable in cash or cash
equivalents at the time when such Common Shares are purchased, except that the Committee at its sole discretion may accept payment of the Exercise Price in any other form(s) described in this Article 6. However, if the Optionee is an Outside
Director or executive officer of the Company, he or she may pay the Exercise Price in a form other than cash or cash equivalents only to the extent permitted by section 13(k) of the Exchange Act. 

6.2 Surrender of Stock. With the Committee’s consent, all or any part of the Exercise Price may be paid by surrendering, or
attesting to the ownership of, Common Shares that are already owned by the Optionee. Such Common Shares shall be valued at their Fair Market Value on the date the new Common Shares are purchased under the Plan. 

6.3 Exercise/Sale. With the Committee’s consent, all or any part of the Exercise Price and any withholding taxes may be paid
by delivering (on a form prescribed by the Company) an irrevocable direction to a securities broker approved by the Company to sell all or part of the Common Shares being purchased under the Plan and to deliver all or part of the sales proceeds to
the Company. 
 6.4 Net Issuance. With the Committee’s consent, all or any part of the Exercise Price and any
withholding taxes may be paid by reducing the number of Common Shares otherwise issuable to the Optionee upon exercise of the Option by a number of shares of Common Stock having a Fair Market Value equal to the amount of such Exercise Price or
withholding taxes to be so paid. 
 6.5 Other Forms of Payment. With the Committee’s consent, all or any part of the
Exercise Price and any withholding taxes may be paid in any other form that is consistent with applicable laws, regulations and rules. 
 ARTICLE 7. STOCK APPRECIATION RIGHTS. 
 7.1 SAR Agreement. Each grant
of an SAR under the Plan shall be evidenced by an SAR Agreement between the Optionee and the Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The
provisions of the various SAR Agreements entered into under the Plan need not be identical. 
 7.2 Number of Shares. Each
SAR Agreement shall specify the number of Common Shares to which the SAR pertains and shall provide for the adjustment of such number in accordance with Article 11. SARs granted to any Optionee in a single calendar year shall in no event pertain to
more than 1,083,018 Common Shares. The limitation set forth in the preceding sentence shall be subject to adjustment in accordance with Article 11. 
 7.3 Exercise Price. Each SAR Agreement shall specify the Exercise Price; provided that the Exercise Price shall in no event be less than 100% of the Fair Market Value of a Common Share on the date
of grant. 

  
 - 7 -

 7.4 Exercisability and Term. Each SAR Agreement shall specify the date all or any
installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. An SAR Agreement may provide for accelerated exercisability in the event of the Optionee’s death, disability or retirement or other
events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s Service. 
 7.5 Exercise of SARs. Upon exercise of an SAR, the Optionee (or any person having the right to exercise the SAR after his or her death) shall receive from the Company consideration in the form of
(a) Common Shares, (b) cash or (c) a combination of Common Shares and cash, as the Committee shall determine. Each SAR Agreement shall specify the amount and/or Fair Market Value of the consideration that the Optionee will receive
upon exercising the SAR; provided that the aggregate consideration shall not exceed the amount by which the Fair Market Value (on the date of exercise) of the Common Shares subject to the SAR exceeds the Exercise Price of the SAR. If, on the date an
SAR expires, the Exercise Price of the SAR is less than the Fair Market Value of the Common Shares subject to the SAR on such date but any portion of the SAR has not been exercised, then the SAR shall automatically be deemed to be exercised as of
such date with respect to such portion. An SAR Agreement may also provide for an automatic exercise of the SAR on an earlier date. 
 7.6 Modification or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, reprice, extend or assume outstanding SARs or may accept the cancellation of outstanding SARs
(whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of shares and at the same or a different exercise price. The foregoing notwithstanding, no modification of an SAR shall,
without the consent of the Optionee, alter or impair his or her rights or obligations under such SAR. 
 ARTICLE 8.
RESTRICTED SHARES. 
 8.1 Restricted Stock Agreement. Each grant of Restricted Shares under the Plan shall be
evidenced by a Restricted Stock Agreement between the recipient and the Company. Such Restricted Shares shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The
provisions of the various Restricted Stock Agreements entered into under the Plan need not be identical. 
 8.2 Payment for
Awards. Restricted Shares may be sold or awarded under the Plan for such consideration as the Committee may determine, including (without limitation) cash, cash equivalents, property, full-recourse promissory notes, past services and future
services. If the Participant is an Outside Director or executive officer of the Company, he or she may pay for Restricted Shares with a promissory note only to the extent permitted by Section 13(k) of the Exchange Act. Within the limitations of
the Plan, the Committee may accept the cancellation of outstanding options in return for the grant of Restricted Shares. 

8.3 Vesting Conditions. Each Award of Restricted Shares may or may not be subject to vesting. Vesting shall occur, in full or in
installments, upon satisfaction of the conditions specified in the Restricted Stock Agreement. The Committee may include among such conditions the requirement that the performance of the Company or a business unit of the

  
 - 8 -

 
Company for a specified period of one or more fiscal years equal or exceed a target determined in advance by the Committee. The Committee shall determine such performance. Such target shall be
based on one or more of the criteria set forth in Appendix A. The Committee shall identify such target not later than the 90th day of such period. In no event shall more than 1,083,018 Restricted Shares that are subject to performance-based
vesting conditions be granted to any Participant in a single fiscal year of the Company, subject to adjustment in accordance with Article 11. A Restricted Stock Agreement may provide for accelerated vesting in the event of the Participant’s
death, disability or retirement or other events. 
 8.4 Voting and Dividend Rights. The holders of Restricted Shares
awarded under the Plan shall have the same voting, dividend and other rights as the Company’s other stockholders. A Restricted Stock Agreement, however, may require that the holders of Restricted Shares invest any cash dividends received in
additional Restricted Shares. Such additional Restricted Shares shall be subject to the same conditions and restrictions as the Award with respect to which the dividends were paid. 

ARTICLE 9. STOCK UNITS. 
 9.1 Stock Unit Agreement. Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Agreement between the recipient and the Company. Such Stock Units shall be subject to all
applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Stock Unit Agreements entered into under the Plan need not be identical. 

9.2 Payment for Awards. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required
of the Award recipients. 
 9.3 Vesting Conditions. Each Award of Stock Units may or may not be
subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Agreement. The Committee may include among such conditions the requirement that the performance of the Company or a
business unit of the Company for a specified period of one or more fiscal years equal or exceed a target determined in advance by the Committee. The Committee shall determine such performance. Such target shall be based on one or more of the
criteria set forth in Appendix A. The Committee shall identify such target not later than the 90th day of such period. In no event shall more than 1,083,018 Stock Units that are subject to performance-based vesting conditions be granted to any Participant in a single fiscal year of the Company,
subject to adjustment in accordance with Article 11. A Stock Unit Agreement may provide for accelerated vesting in the event of the Participant’s death, disability or retirement or other events. 

9.4 Voting and Dividend Rights. The holders of Stock Units shall have no voting rights. Prior to settlement or forfeiture, any
Stock Unit awarded under the Plan may, at the Committee’s discretion, carry with it a right to dividend equivalents. Such right entitles the holder to be credited with an amount equal to all cash dividends paid on one Common Share while the
Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash, in the form of Common Shares, or in a combination of both. Prior to distribution, any
dividend equivalents that 

  
 - 9 -

 
are not paid shall be subject to the same conditions and restrictions as the Stock Units to which they attach. 
 9.5 Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be made in the form of (a) cash, (b) Common Shares or (c) any combination of both, as determined
by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original Award, based on predetermined performance factors. Methods of converting Stock Units into cash may include
(without limitation) a method based on the average Fair Market Value of Common Shares over a series of trading days. Vested Stock Units may be settled in a lump sum or in installments. The distribution may occur or commence when all vesting
conditions applicable to the Stock Units have been satisfied or have lapsed, or it may be deferred to any later date. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until an Award of Stock
Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to Article 11. 
 9.6 Death of
Recipient. Any Stock Units Award that becomes payable after the recipient’s death shall be distributed to the recipient’s beneficiary or beneficiaries. Each recipient of a Stock Units Award under the Plan shall designate one or more
beneficiaries for this purpose by filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Award recipient’s death. If no beneficiary was
designated or if no designated beneficiary survives the Award recipient, then any Stock Units Award that becomes payable after the recipient’s death shall be distributed to the recipient’s estate. 

9.7 Creditors’ Rights. A holder of Stock Units shall have no rights other than those of a general creditor of the Company.
Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Agreement. 
 ARTICLE 10. OTHER FORMS OF EQUITY-BASED AWARDS 
 10.1 Other Awards.
The Committee may grant such other forms of equity-based compensation awards as the Committee may from time to time determine it appropriate to grant. The terms of any such award shall be set forth in an Award Agreement between the recipient and the
Company. 
 ARTICLE 11. CHANGE IN CONTROL 
 11.1 Discretionary Changes. The Committee shall have the discretion, exercisable either at the time an Award is granted or at any time while the Award remains outstanding, to provide for the
automatic acceleration of vesting upon the occurrence of a Change in Control, whether or not the Award is to be assumed or replaced in the Change in Control, or in connection with a termination of a Participant’s Service following a Change in
Control. 

  
 - 10 -

 ARTICLE 12. PROTECTION AGAINST DILUTION. 

12.1 Adjustments. In the event of a subdivision of the outstanding Common Shares, a declaration of a dividend payable in Common
Shares or a combination or consolidation of the outstanding Common Shares (by reclassification or otherwise) into a lesser number of Common Shares, corresponding adjustments shall automatically be made in each of the following: 

(a) The number of Options, SARs, Restricted Shares and Stock Units available for future Awards under Article 3,
including the share limitation set forth in Section 3.1 and the share limitation set forth in Section 3.2; 
 (b) The limitations set forth in Sections 5.2, 7.2, 8.3 and 9.3; 
 (c) The number of Common Shares covered by each outstanding Option and SAR; 
 (d) The Exercise Price under each outstanding Option and SAR; or 

(e) The number of Stock Units included in any prior Award that has not yet been settled. 

12.2 Certain Dividends. In the event of a declaration of an extraordinary dividend payable in a form other than Common Shares in
an amount that has a material effect on the price of Common Shares, a recapitalization, a spin-off or a similar occurrence, the Committee shall make such adjustments as it, in its sole discretion, deems appropriate in one or more of the foregoing.
Except as provided in this Article 12, a Participant shall have no rights by reason of any issuance by the Company of stock of any class or securities convertible into stock of any class, any subdivision or consolidation of shares of stock of any
class, the payment of any stock dividend or any other increase or decrease in the number of shares of stock of any class. 

12.3 Dissolution or Liquidation. To the extent not previously exercised or settled, Options, SARs and Stock Units shall terminate
immediately prior to the dissolution or liquidation of the Company. 
 12.4 Reorganizations. In the event that the
Company is a party to a merger or consolidation, all outstanding Awards shall be subject to the agreement of merger or consolidation. Such agreement shall provide for one or more of the following: 

(a) The continuation of such outstanding Awards by the Company (if the Company is the surviving corporation). 

(b) The assumption of such outstanding Awards by the surviving corporation or its parent, provided that the assumption of
Options or SARs shall comply with section 424(a) of the Code (whether or not the Options are ISOs). 

  
 - 11 -

 (c) The substitution by the surviving corporation or its parent of new
awards for such outstanding Awards, provided that the substitution of Options or SARs shall comply with section 424(a) of the Code (whether or not the Options are ISOs). 

(d) The cancellation of such outstanding Options without payment of any consideration. The Optionees shall be able to
exercise such Options and SARs (each to the extent vested) during a period of not less than five full business days preceding the closing date of such merger or consolidation, unless (i) a shorter period is required to permit a timely closing
of such merger or consolidation and (ii) such shorter period still offers the Optionees a reasonable opportunity to exercise such Options and SARs. Any exercise of such Options and SARs during such period may be contingent on the closing of
such merger or consolidation. 
 (e) Full exercisability of outstanding Options and SARs and full vesting of the
Common Shares subject to such Options and SARs, followed by the cancellation of such Options and SARs. The full exercisability of such Options and SARs and full vesting of such Common Shares may be contingent on the closing of such merger or
consolidation. The Optionees shall be able to exercise such Options and SARs during a period of not less than five full business days preceding the closing date of such merger or consolidation, unless (i) a shorter period is required to permit
a timely closing of such merger or consolidation and (ii) such shorter period still offers the Optionees a reasonable opportunity to exercise such Options and SARs. Any exercise of such Options and SARs during such period may be contingent on
the closing of such merger or consolidation. 
 (f) The cancellation of outstanding Options and SARs and a
payment to the Optionees equal to the excess of (i) the Fair Market Value of the Common Shares subject to such Options and SARs (whether or not such Options and SARs are then exercisable or such Common Shares are then vested) as of the closing
date of such merger or consolidation over (ii) their Exercise Price. Such payment shall be made in the form of cash, cash equivalents, or securities of the surviving corporation or its parent with a Fair Market Value equal to the required
amount. Such payment may be made in installments and may be deferred until the date or dates when such Options and SARs would have become exercisable or such Common Shares would have vested. Such payment may be subject to vesting based on the
Optionee’s continuing Service, provided that the vesting schedule shall not be less favorable to the Optionee than the schedule under which such Options and SARs would have become exercisable or such Common Shares would have vested. If the
Exercise Price of the Common Shares subject to such Options and SARs exceeds the Fair Market Value of such Common Shares, then such Options and SARs may be cancelled without making a payment to the Optionees. For purposes of this
Subsection (e), the Fair Market Value of any security shall be determined without regard to any vesting conditions that may apply to such security. 
 (g) The cancellation of outstanding Stock Units and a payment to the Participants equal to the Fair Market Value of the Common Shares subject to such Stock Units (whether or not such Stock Units are then
vested) as of the closing date of such merger or consolidation. Such payment shall be made in the form of cash, cash 

  
 - 12 -

 
equivalents, or securities of the surviving corporation or its parent with a Fair Market Value equal to the required amount. Such payment may be made in installments and may be deferred until the
date or dates when such Stock Units would have vested. Such payment may be subject to vesting based on the Participant’s continuing Service, provided that the vesting schedule shall not be less favorable to the Participant than the schedule
under which such Stock Units would have vested. For purposes of this Subsection (f), the Fair Market Value of any security shall be determined without regard to any vesting conditions that may apply to such security. 

ARTICLE 13. PAYMENT OF DIRECTOR’S FEES IN SECURITIES 
 13.1 Effective Date. No provision of this Article 13 shall be effective unless and until the Board has determined to implement such provision. 

13.2 Elections to Receive NSOs, Restricted Shares or Stock Units. With the consent of the disinterested members of the Board, an
Outside Director may elect to receive his or her annual retainer payments and/or meeting fees from the Company in the form of cash, NSOs, Restricted Shares or Stock Units, or a combination thereof, as determined by the Board. Such NSOs, Restricted
Shares and Stock Units shall be issued under the Plan. An election under this Article 13 shall be filed with the Company on the prescribed form. 
 13.3 Number and Terms of NSOs, Restricted Shares or Stock Units. The number of NSOs, Restricted Shares or Stock Units to be granted to Outside Directors in lieu of annual retainers and meeting fees
that would otherwise be paid in cash shall be calculated in a manner determined by the Board. The Board shall also determine the terms of such NSOs, Restricted Shares or Stock Units. 

ARTICLE 14. LIMITATION ON RIGHTS. 
 14.1 Retention Rights. Neither the Plan nor any Award granted under the Plan shall be deemed to give any individual a right to remain an Employee, Outside Director or Consultant. The Company and
its Parents, Subsidiaries and Affiliates reserve the right to terminate the Service of any Employee, Outside Director or Consultant at any time, with or without cause, subject to applicable laws, the Company’s certificate of incorporation and
by-laws and a written employment agreement (if any). 
 14.2 Stockholders’ Rights. A Participant shall have no
dividend rights, voting rights or other rights as a stockholder with respect to any Common Shares covered by his or her Award prior to the time when a stock certificate for such Common Shares is issued or, if applicable, the time when he or she
becomes entitled to receive such Common Shares by filing any required notice of exercise and paying any required Exercise Price. No adjustment shall be made for cash dividends or other rights for which the record date is prior to such time, except
as expressly provided in the Plan. 
 14.3 Regulatory Requirements. Any other provision of the Plan notwithstanding, the
obligation of the Company to issue Common Shares under the Plan shall be subject to all applicable laws, rules and regulations and such approval by any regulatory body as may be required. The Company reserves the right to restrict, in whole or in
part, the delivery of 

  
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Common Shares pursuant to any Award prior to the satisfaction of all legal requirements relating to the issuance of such Common Shares, to their registration, qualification or listing or to an
exemption from registration, qualification or listing. 
 ARTICLE 15. WITHHOLDING TAXES. 

15.1 General. To the extent required by applicable federal, state, local or foreign law, a Participant or his or her successor
shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise in connection with the Plan. The Company shall not be required to issue any Common Shares or make any cash payment under the Plan
until such obligations are satisfied. 
 15.2 Share Withholding. To the extent that applicable law subjects a Participant
to tax withholding obligations, the Committee may permit such Participant to satisfy all or part of such obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering
all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date they are withheld or surrendered. 

ARTICLE 16. FUTURE OF THE PLAN. 
 16.1 Term of the Plan. The Plan, as set forth herein, shall become effective on the effective date of the IPO. The Plan shall remain in effect until the earlier of (a) the date the Plan is
terminated under Section 15.2 or (b) the 10th
anniversary of the date the Board adopted the Plan. 
 16.2 Amendment or Termination. The Board may, at any time and for
any reason, amend or terminate the Plan. No Awards shall be granted under the Plan after the termination thereof. The termination of the Plan, or any amendment thereof, shall not affect any Award previously granted under the Plan. 

16.3 Stockholder Approval. An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to
the extent required by applicable laws, regulations or rules. However, section 162(m) of the Code may require that the Company’s stockholders approve the performance criteria set forth in Appendix A not later than the first meeting of
stockholders that occurs in the fifth year following the year in which the Company’s stockholders previously approved such criteria. 
 ARTICLE 17. DEFINITIONS. 
 17.1 “Affiliate” means
any entity other than a Subsidiary, if the Company and/or one or more Subsidiaries own not less than 50% of such entity. 

17.2 “Award” means any award of an Option, an SAR, a Restricted Share, a Stock Unit, or another form of
equity-based compensation award under the Plan. 
 17.3 “Board” means the Company’s Board of
Directors, as constituted from time to time. 

  
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 17.4 “Change in Control” means: 

(a) The consummation of a merger or consolidation of the Company with or into another entity or any other corporate
reorganization, if persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization 50% or more of the voting power of
the outstanding securities of each of (i) the continuing or surviving entity and (ii) any direct or indirect parent corporation of such continuing or surviving entity; 

(b) The sale, transfer or other disposition of all or substantially all of the Company’s assets; 

(c) A change in the composition of the Board, as a result of which fewer than 50% of the incumbent directors are directors
who either: 
 (i.) Had been directors of the Company on the date 24 months prior to the date of such change in
the composition of the Board (the “Original Directors”); or 
 (ii.) Were appointed to the Board, or
nominated for election to the Board, with the affirmative votes of at least a majority of the aggregate of (A) the Original Directors who were in office at the time of their appointment or nomination and (B) the directors whose appointment
or nomination was previously approved in a manner consistent with this Paragraph (ii); or 
 (d) Any
transaction as a result of which any person is the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing at least 50% of the total voting power
represented by the Company’s then outstanding voting securities. For purposes of this Subsection (d), the term “person” shall have the same meaning as when used in sections 13(d) and 14(d) of the Exchange Act but shall
exclude (i) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or of a Parent or Subsidiary and (ii) a corporation owned directly or indirectly by the stockholders of the Company in substantially
the same proportions as their ownership of the common stock of the Company. 
 A transaction shall not constitute a Change in Control if its
sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such
transaction. 
 17.5 “Code” means the Internal Revenue Code of 1986, as amended. 

17.6 “Committee” means a committee of the Board, as described in Article 2. 

17.7 “Common Share” means one share of the common stock of the Company. 

  
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 17.8 “Company” means FusionStorm Global Inc., a Delaware
corporation. 
 17.9 “Consultant” means a consultant or adviser who provides bona fide services to the
Company, a Parent, a Subsidiary or an Affiliate as an independent contractor. 
 17.10 “Employee” means
a common-law employee of the Company, a Parent, a Subsidiary or an Affiliate. 
 17.11 “Exchange Act”
means the Securities Exchange Act of 1934, as amended. 
 17.12 “Exercise Price,” in the case of an
Option, means the amount for which one Common Share may be purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price,” in the case of an SAR, means an amount, as specified in the
applicable SAR Agreement, which is subtracted from the Fair Market Value of one Common Share in determining the amount payable upon exercise of such SAR. 
 17.13 “Fair Market Value” means the market price of Common Shares, determined by the Committee in good faith on such basis as it deems appropriate. Whenever possible, the
determination of Fair Market Value by the Committee shall be based on the prices reported in The Wall Street Journal. Such determination shall be conclusive and binding on all persons. 

17.14 “IPO” means the initial public offering of the Company’s Common Stock. 

17.15 “ISO” means an incentive stock option described in section 422(b) of the Code. 

17.16 “NSO” means a stock option not described in sections 422 or 423 of the Code. 

17.17 “Option” means an ISO or NSO granted under the Plan and entitling the holder to purchase Common Shares.

 17.18 “Optionee” means an individual or estate who holds an Option or SAR. 

17.19 “Outside Director” means a member of the Board who is not an Employee. 

17.20 “Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with
the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a
Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 
 17.21
“Participant” means an individual or estate who holds an Award. 

  
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 17.22 “Plan” means this FusionStorm Global Inc. 2011 Equity
Incentive Plan, as amended from time to time. 
 17.23 “Predecessor Plan” means the Company’s
existing Amended and Restated 2001 Stock Option and Grant Plan. 
 17.24 “Restricted Share” means a
Common Share awarded pursuant to Article 8 of the Plan. 
 17.25 “Restricted Stock Agreement” means the
agreement between the Company and the recipient of a Restricted Share that contains the terms, conditions and restrictions pertaining to such Restricted Share. 
 17.26 “SAR” means a stock appreciation right granted under the Plan. 
 17.27 “SAR Agreement” means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her SAR. 

17.28 “Service” means service as an Employee, Outside Director or Consultant. 

17.29 “Stock Option Agreement” means the agreement between the Company and an Optionee that contains the terms,
conditions and restrictions pertaining to his or her Option. 
 17.30 “Stock Unit” means a bookkeeping
entry representing the equivalent of one Common Share, as awarded under the Plan. 
 17.31 “Stock Unit
Agreement” means the agreement between the Company and the recipient of a Stock Unit that contains the terms, conditions and restrictions pertaining to such Stock Unit. 

17.32 “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning
with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A
corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 

  
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 APPENDIX A 

PERFORMANCE CRITERIA FOR RESTRICTED SHARES AND STOCK UNITS 
 The performance goals that may be used by the Committee for such awards shall consist of: operating profits (including EBITDA), net profits, earnings per share, profit returns and margins, revenues,
sales, bookings, stockholder return and/or value, stock price, working capital and staff retention. Performance goals may be measured solely on a corporate, subsidiary or business unit basis, or a combination thereof. Further, performance criteria
may reflect absolute entity performance or a relative comparison of entity performance to the performance of a peer group of entities or other external measure of the selected performance criteria.

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