Document:

EX-10.7

 Exhibit 10.7 

Restricted Stock Unit Award Agreement 

Schedule A 

Notice of Restricted Stock Unit Award 
  

			
		
	Company:		Apache Corporation
		
	Participant:		John J. Christmann
		
	Notice:		You have been granted an Award of Restricted Stock Units in accordance with the terms of the Plan and the attached Restricted Stock Unit Award Agreement.
		
	Type of Award:		Restricted Stock Units
		
	Number of Units:		50,000
		
	Restriction:		Except as set forth in Section 3 of the attached Restricted Stock Award Agreement, the Shares received in settlement of Restricted Stock Units pursuant to this Award are not eligible for sale by the Participant until such time as
the Participant retires from his duties as an officer of the Company.
		
	Vesting:		 12,500 on March 1, 2016
 12,500 on February 18,
2017
 12,500 on February 18, 2018
 12,500 on February 18,
2019

		
	Plan:		Apache Corporation 2011 Omnibus Equity Compensation Plan
		
	Award Date:		February 18, 2015
		
	Acceptance:		Please execute the attached Restricted Stock Unit Award Agreement. By accepting your Restricted Stock Unit Award, you will have agreed to the terms and conditions set forth in this Agreement, including, but not limited to, the
non-compete and non-disparagement provisions set forth in sections 9 and 10 of the Agreement, and the terms and conditions of the Plan. If you do not accept your Award by executing this Agreement, you will be unable to receive your shares.

  
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 Restricted Stock Unit Award Agreement 

This Restricted Stock Unit Award Agreement (this “Agreement”), dated as of the Award Date set forth in the Notice of Restricted Stock Unit Award
attached as Schedule A hereto (the “Award Notice”) is made between Apache Corporation (the “Company”) and the Participant named in the Award Notice. The Award Notice is included in and made part of this Agreement. 

Definitions 
 All
capitalized terms contained in this Agreement shall have the meanings assigned to those terms by the Plan, unless otherwise indicated herein. 

Terms 
 1. Award
of Restricted Stock Units. Subject to the provisions of this Agreement and the provisions of the Apache Corporation 2011 Omnibus Equity Compensation Plan (the “Plan”), the Company hereby awards to the Participant, pursuant to the Plan,
a right to receive the number of shares of $0.625 par value Common Stock of the Company (“Shares”) set forth in the Award Notice. 

2. Evidence of Units. The Participant’s right to receive the Restricted Stock Units shall be evidenced by book entry registration
(or by such other manner as the Committee may determine). 
 3. Restrictions. 7,500 of the Shares vesting each year pursuant to this
Agreement and the Plan shall be subject to the restriction that none of such shares shall be eligible to be sold by the Participant until such time as the Participant retires or otherwise terminates employment with the Company. The remaining 5,000
Shares vesting each year shall vest free of restrictions, except those, if any, required by applicable securities laws, and may be sold at any time to pay taxes or for other reasons. Certificates representing the restricted 7,500 Shares issued each
year will bear all legends required by law or by the Company or its counsel as necessary or advisable to effectuate the provisions of the Plan and this Award including the following restrictive legend: 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE RESTRICTIONS CONTAINED IN A RESTRICTED STOCK UNIT AWARD AGREEMENT DATED AS OF
FEBRUARY 18, 2015, BY AND BETWEEN APACHE CORPORATION AND JOHN J. CHRISTMANN, A COPY OF WHICH IS ON FILE AT THE OFFICE OF THE CORPORATE SECRETARY OF THE COMPANY. 

4. Certificates. The Company may place a “stop transfer” order against shares of the Common Stock issued pursuant to this
Award until all restrictions and conditions set forth in the Plan or this Agreement and in the legends referred to in Section 3 have been complied with. The stock transfer records of the Company will reflect stock transfer instructions with
respect to such shares. 

  
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 5. Custody. Any stock certificates issued pursuant to this Agreement shall be held by the
Corporate Secretary of the Company until all restrictions thereon have lapsed or until the Committee authorizes the release. 
 6.
Vesting and Settlement. Subject to earlier settlement or forfeiture as provided in Section 8 and any deferral election under Section 7, Restricted Stock Units awarded hereunder shall vest in accordance with the following table. 

 

					
	 Tranche
	 	 Number of Units
	 	 Vesting Date

	 I
	 	12,500	 	March 1, 2016
	 II
	 	12,500	 	February 18, 2017
	 III
	 	12,500	 	February 18, 2018
	 IV
	 	12,500	 	February 18, 2019

 The Restricted Stock Units shall be settled in an equivalent number of shares of Common Stock on the date on which such
Restricted Stock Units vest. The Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental
authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to
cause the delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement. 
 7. Deferral Election. The
Participant may, within 30 days of the Award Date and in accordance with the terms and conditions of the Deferred Delivery Plan, elect to defer receipt of Shares that would otherwise be issued on a Vesting Date in settlement of all or any part of a
Tranche of Restricted Stock Units. If the Participant makes such an election, effective as of the applicable Vesting Date, each Restricted Stock Unit so deferred shall thereafter be a Stock Unit (as defined in the Deferred Delivery Plan) and
settlement of the Stock Units shall be in accordance with the Deferred Delivery Plan except that the restrictions in Section 3 shall continue to apply to any shares of Common Stock issued in settlement of the Stock Units until such restrictions
would have expired had such shares been issued in settlement of the Restricted Stock Units. Any such deferral of less than 100 percent of the Shares shall apply on a pro rata basis to both Shares subject to the restriction against sales and those
Shares not subject to restriction. 
 8. Termination of Employment, Death, Disability, etc. Except as set forth below, this Agreement
and each Award shall be subject to the condition that the Participant has remained employed by the Company as an Eligible Employee from the initial award of an Award until the applicable Vesting Date as follows: 

(a) If the Participant voluntarily leaves the employment of the Company (but not for Good Reason or Retirement) or is
terminated by the Company for Cause before an applicable Vesting Date, all Restricted Stock Units not already vested shall be immediately cancelled. 

  
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 (b) If the Participant leaves the employment of the Company by reason of
Retirement or Disability, any Restricted Stock Units granted to the Participant pursuant to the Grant Notice not previously vested may continue to vest following the Participant’s termination of employment by reason of Retirement or Disability
as if the Participant remained an Eligible Person in the employ of the Company, provided that such Participant shall be entitled to continue vesting only if such Participant satisfies the applicable conditions set forth in section 9 below (except in
the case of death). 
 (c) If the Participant dies before an applicable Vesting Date, the Restricted Stock Units shall
thereupon vest, the restrictions in Section 3 shall lapse and the then vested Restricted Stock Units shall be settled as soon as administratively practicable following the date the Participant dies. If the Participant dies before settlement,
settlement shall be made to the beneficiary designated for this purpose in the manner prescribed by the Committee, or, if there is no such beneficiary, to the estate of the Participant. 

(d) If the Participant is terminated by the Company without Cause and not by reason of becoming Disabled or if the Participant
terminates his employment for Good Reason, then all Restricted Stock Units shall thereupon vest, the restrictions in Section 3 shall lapse, and, subject to the terms of the Deferred Delivery Plan, if applicable, the Restricted Stock Units shall
be settled as soon as administratively practicable following the date the Participant’s employment is terminated. 
 (e)
Notwithstanding Section 12 of the Plan or subsections 8(a), 8(b), 8(c), or 8(d) of this Agreement, if the Participant is either employed by the Company or has incurred a Retirement and is not fully vested in his Restricted Stock Units when a
Change of Control that is described in Section 409A(a)(2)(A)(v) of the Internal Revenue Code occurs, any unvested Restricted Stock Units shall vest, the restrictions in Section 3 shall lapse, and settlement of the newly vested Restricted
Stock Units shall occur on the date of such Change of Control or as soon thereafter as is administratively practicable. 
 For purposes of this Agreement,

 “Cause” means the Participant’s willful failure to perform his duties after a demand for performance is delivered to him
by the Company’s board of directors that specifically states the manner in which the board believes the Participant has not performed his duties; the Participant’s willful gross misconduct materially injurious to the Company; or the
Participant’s violation of a direct order of the board of directors or the executive committee of the board. An act or omission is “willful” if it is done in bad faith or without reasonable belief that the act or omission was in the
Company’s interests. 
 “Disabled” means the Participant is expected by the Committee to both (i) become entitled to
long-term disability payments under the Company’s long-term disability plan then in effect and (ii) be unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that is
expected to result in death or is expected to last for a continuous period of at least one year. 

  
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 “Good Reason” means a material diminution in the Participant’s responsibilities or
duties or a material diminution in the Participant’s base compensation unless the base compensation of other senior officers of the Company is also reduced proportionately. 

“Retirement” means the termination of employment of a Participant that occurs on or after the first day of the month after the month
in which the Participant has both attained age 65 and completed at least 15 full years of employment with the Company. 
 Any reference in
this Agreement to a termination of employment refers to a “separation from service” within the meaning of Code section 409A(a)(2)(A)(i). 

9. Conditions to Post-Retirement and Disability Vesting. If the Participant has attained age 65 and has completed at least 15 Years of
Service and such Participant terminates employment with the Company and the Affiliates by reason of Retirement or Disability, it is agreed by the Company and the Participant that: 

(a) subject to the provisions of this section 9(a) and sections 9(b) and 9(c), such Participant may continue to vest in the
unvested Restricted Stock Units following the date of his or her termination by reason of Retirement as if the Participant continued in employment as an Eligible Person provided that the Grant Date of the unvested RSUs is at least three
(3) months prior to such termination date and the Participant has provided not less than three (3) months’ advance written notice prior to such termination date to Apache Corporation’s Executive Vice President, Human Resources,
or his or her delegate, and to his or her direct manager, regarding the Participant ‘s intent to terminate employment for reason of Retirement; provided, however, a Participant who is at least age 65 and has completed at least 15
Years of Service need not provide such three (3) months’ advance written notice of his or her intent to terminate employment by reason of Retirement if the Company elects to require such Participant to, or (as part of a reduction
in force or otherwise in writing in exchange for a written release) offers such Participant the opportunity to, terminate employment with the Company by reason of Retirement; and it is further agreed that 

(b) in consideration for the continued vesting treatment afforded to the Participant under section 9(a), Participant shall,
during the continuing Vesting Period after Retirement or Disability (the “Continued Vesting Period”), refrain from becoming employed by, or consulting with, or becoming substantially involved in the business of, any business that competes
with the Company or its Affiliate in the business of exploration or production of oil or natural gas within the geographic area in which the Participant is working or has worked for the Company or its Affiliate, and/or for which the Participant is
or was responsible, at the time of termination of employment or the immediately preceding three-year period (a “Competitive Business”); provided, that the Participant may purchase and hold for investment purposes less than five
percent (5%) of the shares of any Competitive Business whose shares are regularly traded on a national securities exchange or inter-dealer quotation system, and provided further, that the Participant may provide services solely as a
director to a Competitive Business if, during the Continued Vesting Period, the Participant is not involved directly in the day-to-day management, supervision or operations of such Competitive Business; and it is further agreed that 

  
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 (c) in consideration for the continued vesting treatment afforded to the
Participant under section 9(a), Participant shall, during the Continued Vesting Period, refrain from making, or causing or assisting any other person to make, any oral or written communication to any third party about the Company, any Affiliate
and/or any of the employees, officers or directors of the Company or any Affiliate which impugns or attacks, or is otherwise critical of, the reputation, business or character of such entity or person; or that discloses private or confidential
information about their business affairs; or that constitutes an intrusion into their seclusion or private lives; or that gives rise to unreasonable publicity about their private lives; or that places them in a false light before the public; or that
constitutes a misappropriation of their name or likeness. 
 Notwithstanding the foregoing provisions of this section 9 of the Agreement, in the event that
the Participant fails to satisfy any of the conditions set forth in sections 9(a), (b) and (c) above, the Participant shall not be entitled to vest in any unvested Restricted Stock Units after the date of Retirement or Disability, as the
case may be, and the unvested Restricted Stock Units subject to this Agreement shall be forfeited. 
 10. Prohibited Activity. In
consideration for this Grant, the Participant agrees not to engage in any “Prohibited Activity” while employed by the Company or within three years after the date of the Participant’s termination of employment. A “Prohibited
Activity” will be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if the Participant (i) divulges any non-public, confidential or proprietary information of the Company, but excluding
information that (a) becomes generally available to the public other than as a result of the Participant’s public use, disclosure, or fault, or (b) becomes available to the Participant on a non-confidential basis after the
Participant’s employment termination date from a source other than the Company prior to the public use or disclosure by the Participant, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from
transmitting the information by contractual, legal or fiduciary obligation, (ii) directly or indirectly, consults with or becomes affiliated with, participate or engage in, or becomes employed by any business that is competitive with the
Company, wherever from time to time conducted throughout the world, including situations where the Participant solicits or participates in or assists in any way in the solicitation or recruitment, directly or indirectly, of any employees of the
Company; or (iii) engages in publishing any oral or written statements about the Company, and/or any of its directors, officers, or employees that are disparaging, slanderous, libelous, or defamatory; or that disclose private or confidential
information about their business affairs; or that constitute an intrusion into their seclusion or private lives; or that give rise to unreasonable publicity about their private lives; or that place them in a false light before the public; or that
constitute a misappropriation of their name or likeness. 
 11. Payment of Tax and Withholding. The Committee may make such
provisions as it may deem appropriate for the withholding of any taxes that it determines is required in connection with this Award. The Participant may pay all or any portion of the taxes required to be withheld by the Company or paid by the
Participant in connection with all or any portion of this Award by delivering cash or by electing to have the Company withhold shares of Common Stock that would have otherwise been delivered to Participant having a Fair Market Value determined by
the Committee in accordance with the Plan, equal to the amount required to be withheld or paid. 

  
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 12. No Ownership Rights Prior to Issuance of Shares. Neither the Participant nor any other
person shall become the beneficial owner of the Shares underlying the Restricted Stock Units, nor have any rights of a shareholder (including, without limitation, dividend and voting rights) with respect to any such Shares, unless and until and
after such Shares have vested. 
 13. Non-Transferability of Restricted Stock Units. Subject to the conditions and exceptions set
forth in Deferred Delivery Plan, if elected, and Section 14.2 of the Plan, the Restricted Stock Units (and, while subject to the restrictions in Section 3, the Shares) shall not be transferable otherwise than by will or the laws of descent
and distribution or to a trust for estate planning purposes or a family partnership. 
 14. No Right to Continued Employment. Neither
the Restricted Stock Units nor any terms contained in this Agreement shall confer upon the Participant any express or implied right to be retained in the employment or service of the Company or any Affiliate for any period, nor restrict in any way
the right of the Company or any Affiliate, which right is hereby expressly reserved, to terminate the Participant’s employment or service at any time for any reason. The Participant acknowledges and agrees that any right to have restrictions on
the Restricted Stock Units lapse is earned only by continuing as an employee of the Company or an Affiliate at the will of the Company or such Affiliate, or satisfaction of any other applicable terms and conditions contained in the Plan and this
Agreement, and not through the act of being hired, being Awarded the Restricted Stock Units or acquiring Shares hereunder. 
 15. The
Plan. In consideration for this award of Restricted Stock Units, the Participant agrees to comply with the terms of the Plan and this Agreement. This Agreement is subject to all the terms, provisions and conditions of the Plan, a copy of which
is attached hereto and incorporated herein by reference, and to such regulations and administrative interpretations thereunder as may from time to time be adopted by the Committee. Unless defined herein, capitalized terms are used herein as defined
in the Plan. In the event of any conflict between the provisions of the Plan and this Agreement, the provisions of the Plan shall control, and this Agreement shall be deemed to be modified accordingly. 

16. Notices. All notices by the Participant or the Participant’s assignees may be made only in the following manner, using such
forms as the Company may from time to time provide: 
 (a) by first class registered or certified United States mail, postage
prepaid, to Apache Corporation, Attn: Corporate Secretary, 2000 Post Oak Boulevard, Suite 100, Houston, Texas 77056; 
 (b)
by hand delivery to or Apache Corporation, Attn: Corporate Secretary, 2000 Post Oak Boulevard, Suite 100, Houston, Texas 77056; or 

(c) by such other means, including by electronic means or by facsimile, as provided by the Committee. 

All notices to the Participant shall be addressed to the Participant at the Participant’s address in the Company’s records. 

  
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 Any notices provided for in this Agreement or in the Plan shall be deemed effectively delivered
or given upon receipt of such notice. 
 17. Other Plans. The Participant acknowledges that any income derived from the Restricted
Stock Units shall not affect the Participant’s participation in, or benefits under, any other benefit plan or other contract or arrangement maintained by the Company or any Affiliate. 

18. Terms of Employment. The Plan is a discretionary plan. The Participant hereby acknowledges that neither the Plan nor this Agreement
forms part of his terms of employment and nothing in the Plan may be construed as imposing on the Company or any Affiliate a contractual obligation to offer participation in the Plan to any employee of the Company or any Affiliate. The Company or
any Affiliate is under no obligation to award further Shares to any Participant under the Plan. 
 19. Section 409A of the Internal
Revenue Code. Notwithstanding any provision of this Agreement to the contrary, this Agreement is intended to provide for a grant of deferred compensation that is exempt from or compliant with Section 409A of the Internal Revenue Code and
related regulations and United States Department of the Treasury pronouncements (“Section 409A”). Any ambiguous provisions will be construed in a manner so that this Award is either compliant with or exempt from the application of
Section 409A. If a provision of this Agreement would result in the imposition of an applicable tax under Section 409A, such provision may be reformed by the Company without the Participant’s consent in order to avoid imposition of the
applicable tax. 
 20. Data Protection. By accepting this Agreement, the Participant hereby consents to the holding and processing of
personal data provided by him to the Company for all purposes necessary for the operation of the Plan. These include, but are not limited to: 

(a) administering and maintaining Participant records; 

(b) providing information to any registrars, brokers or third party administrators of the Plan; and 

(c) providing information to future purchasers of the Company or the business in which the Participant works. 

  
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 IN WITNESS WHEREOF, the Company and Participant have executed this Agreement on the 26th
day of February 2015. The Agreement is effective as of February 18, 2015. 
  

					
	Attest:				APACHE CORPORATION
			
	 /s/ Cheri L. Peper
				 /s/ Margery M. Harris

	Cheri L. Peper				Margery M. Harris
	Corporate Secretary				Executive Vice President, Human Resources
			
					PARTICIPANT:
			
					 /s/ John J. Christmann IV

					John J. Christmann

  
 9Exhibit 10.1 3-31-2015

Exhibit 10.1

MUTUAL SEPARATION & RELEASE AGREEMENT

This Mutual Separation and Release Agreement (“Agreement”) is made by and between Citrix Systems, Inc. (the “Company”), and Sudhakar Ramakrishna (“Employee”).

WHEREAS, Employee has been employed by the Company as its Senior Vice President and General Manager, Enterprise and Service Provider Division since March 2013;

WHEREAS, as a condition of his employment with the Company, the Company and Employee entered into the Citrix Systems, Inc. Confidential Information, Inventions Assignment and Non-Competition Agreement dated March 20, 2013 (the “Confidentiality Agreement”);

WHEREAS, Employee and the Company have now decided that they wish to terminate their employment relationship on mutually-agreeable terms; 

WHEREAS, the Company desires to extend certain separation benefits to Employee to assist Employee with the transition to new employment, which benefits Employee is not otherwise entitled to receive, and in return, Employee has agreed to release the Company and its affiliated persons and entities from any known or unknown claims that Employee has or may have against such entities/persons; 

NOW THEREFORE, in consideration of the mutual promises made herein, including Employee’s continued employment through May 31, 2015, the Company and Employee (collectively referred to as “the Parties”, and each individually a “Party”) hereby agree as follows:

A.Consideration.  In exchange for Employee’s strict compliance with all of his obligations hereunder, the Company agrees that:

1.The Company shall provide Employee with continued employment up through and including May 31, 2015, at which date Employee’s employment with the Company will terminate, unless earlier terminated by the Employee (the “Termination Date”).  Commencing on February 26, 2015, and until the Termination Date, Employee shall perform the role of Senior Vice President, Products, of the Company by completing an orderly transition of his duties and responsibilities as Senior Vice President and General Manager, Enterprise and Service Provider Division, to his successors (including transitioning the management of product development activities and customer and partner engagements), and providing ongoing transition assistance to the Company’s President and Chief Executive Officer, as requested.  Other than in his role as Senior Vice President, Products, Employee (a) shall not have any further operational responsibilities after February 26, 2015, and (b) hereby resigns from any position that he holds as an officer of the Company or any of its subsidiaries, effective as of the effective date of this Agreement.  Employee shall resign from his position as Senior Vice President, Products, on the Termination Date, and Employee’s access to the Company’s computer network, facilities, and other work privileges will be terminated on the Termination Date.  Should the Company require Employee’s assistance in any reasonable respect during the period between the date when this Agreement becomes effective and the Termination Date (the “Transition Period”), Employee shall provide such assistance within a reasonable timeframe and in a professional and reasonably satisfactory manner.  Employee shall also comply with all of the Company’s generally applicable rules and policies during the Transition Period.   

2.During the Transition Period, Employee shall continue to report directly to the President and Chief Executive Officer, shall be paid his current base salary, and shall continue to be eligible to receive the employee benefits provided by the Company to its other similarly-situated executives (as such benefits may be changed or terminated by the Company from time-to-time in its discretion); provided that Employee satisfies the eligibility requirements for such benefits.  

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3.During the Transition Period, Employee shall also continue to vest in any unvested equity awards granted to him by the Company, which vesting shall be in accordance with the applicable equity award agreements between Employee and the Company, and which vesting shall cease upon the Termination Date. 

4.Subject to Paragraphs B and E, the Company shall provide Employee with separation compensation in the form of compensation continuation payments equal to his current base salary and his variable cash compensation at his 2015 target amount (which shall be 85% of Employee’s base salary) paid in equal installments for the period from the Termination Date through May 31, 2016 (the “Severance Period”).  Customary payroll taxes and income tax withholdings will be deducted from the compensation continuation payments in accordance with the Company’s usual pay schedule.  The compensation continuation payments will be made to Employee on a bi-weekly basis commencing within fifteen (15) business days following the re-execution of this Agreement as set forth in Paragraph E below.  Employee will not be eligible to receive any variable cash compensation for any portion of calendar year 2016.  

5.The Company shall provide Employee, and his eligible dependents, at the Company’s expense, continued medical, dental and vision insurance benefit coverage in accordance with the provisions of COBRA for the period between the Termination Date and May 31, 2016 (the “COBRA Coverage Period”), provided that Employee timely executes all necessary COBRA election documentation and remains eligible for COBRA coverage.  COBRA election documentation will be sent to Employee after Employee’s Termination Date.  After the COBRA Coverage Period, if Employee wishes to continue such COBRA coverage, Employee will be required to pay all requisite premiums for such continued coverage.

B.No Consideration Absent Execution of This Agreement/No Other Consideration.  Employee acknowledges that the Company’s agreement to continue his employment through the Termination Date and to provide the compensation continuation payments during the Severance Period following the Termination Date and his 2015 variable cash compensation, is conditioned, in part, upon his agreement not to provide services to the companies listed on Exhibit A hereof or any subsidiaries or affiliates of such companies (each an “Exhibit A Company”) as an employee, consultant, or otherwise at any time prior to or during the Severance Period.  Notwithstanding the foregoing, Employee may enter into an employment, contractor, or other relationship with any Exhibit A Company but (1) in the event that he does so prior to the Severance Period, his employment with the Company will terminate immediately and he shall not be entitled to any further compensation or benefits pursuant to this Agreement (including, without limitation, the compensation and benefits described in Paragraph A), and (2) in the event that he does so during the Severance Period, he shall not be entitled to any further compensation or benefits pursuant to this Agreement and shall be obligated to immediately repay all compensation continuation payments and any payment of his 2015 variable cash compensation made during the Severance Period pursuant to this Agreement. Employee further understands and agrees that he would not receive the continued employment, compensation, and/or benefits specified in Paragraph A above except in return for his execution (without revocation) of this Agreement, and his complete fulfillment of the promises contained herein.  Employee also understands that the post-termination payments hereunder are contingent on his timely re-execution (without revocation) of this Agreement as described below.  Employee further understands and agrees that he is not entitled to any additional payments or benefits from the Company other than those described in Paragraph A, including without limitation, any benefits under the Change of Control Agreement between the Company and Employee, which the Company and Employee agree shall terminate as of the date of this Agreement.  The Company confirms that it will provide the consideration set forth in Paragraph A.5 even if Employee obtains new employment at any time prior to or during the Severance Period (other than with an Exhibit A Company), so long as Employee remains compliant with the terms of this Agreement and his continuing obligations to the Company, including without limitation his obligations under the Confidentiality Agreement.

C.Confidential Information and Company Property.  Employee shall continue to maintain all confidential and proprietary information of the Company and shall continue to comply with the terms and conditions of the Confidentiality Agreement.  Employee shall return to the Company (in good condition) all 

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of the Company’s equipment, property, and documents (whether in paper, electronic, or other format, and all copies thereof) that are in his possession or control on or before the Termination Date.

D.Expenses.     Any expenses incurred by Employee after the Termination Date in accordance with the Company’s Travel and Expense reimbursement policy shall only be reimbursed if such expenses are approved in writing by Amy Meyer.  For any expenses incurred prior to the Termination Date, Employee shall seek reimbursement pursuant to the Company’s Travel and Expense reimbursement policy.  

E.General Release of Claims by Employee.  Employee, for himself and his heirs, administrators, executors, and assigns, releases the Company, and its respective parents, divisions, subsidiaries, and affiliated entities, and each of those entities’ respective current and former shareholders, investors, directors, officers, employees, agents, attorneys, insurers, legal successors and assigns (the “Released Parties”), from any and all claims, actions and causes of action, whether now known or unknown, that Employee has, or at any other time had, or shall or may have against those Released Parties based upon or arising out of any matter, cause, fact, thing, act or omission whatsoever occurring or existing at any time up to and including the date on which Employee signs this Agreement, including, but not limited to, any claims relating to Employee’s employment or termination from employment or claims of wrongful termination, breach of contract, fraud, negligent misrepresentation, defamation, infliction of emotional distress, retaliation, or national origin, race, age, sex, disability, religious, sexual orientation, or other discrimination or harassment under the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans With Disabilities Act, or any other applicable Federal, State, or local law.  Employee hereby acknowledges that Employee has no lawsuits, claims or actions pending in Employee’s name or on Employee’s behalf against any of the Released Parties, and also expressly waives any and all remedies that may be available under any statute or the common law, including, without limitation, back pay, front pay, other damages, court costs, attorneys’ fees, and reinstatement.  In addition, if any claim is not subject to release, to the extent permitted by law, Employee waives any right or ability to be a class or collective action representative or to otherwise participate in any putative or certified class, collective, or multi-party action or proceeding based on such a claim in which the Company or any other Released Party is a party.

The Company and Employee agree that the release set forth in this Paragraph E shall be and remain in effect in all respects as a complete general release as to the matters released.  This release does not extend to any obligations incurred under this Agreement or the Indemnification Agreement between the Company and Employee (the “Indemnification Agreement”), and it does not extend to any claims or rights that cannot be released by Employee as a matter of law. 

Employee acknowledges that he has read section 1542 of the Civil Code of the State of California, which states in full:

A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.

Employee waives any rights that he has or may have under section 1542 (or any similar provision of the laws of any other jurisdiction, including Florida) to the full extent that he may lawfully waive such rights pertaining to this general release of claims, and affirms that he is releasing all known and unknown claims that he has or may have against the parties listed above.  

Nothing in this Agreement shall bar or prohibit Employee from contacting, seeking assistance from or participating in any proceeding before any federal or state administrative agency to the extent permitted by applicable law.  However, Employee will be prohibited to the fullest extent authorized by law from obtaining monetary damages in any agency proceeding in which he does so participate.

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As further consideration for his continued employment through the Termination Date, as well as for the compensation and benefits described in Paragraph A, Employee agrees to extend this release of claims through and including the Termination Date by re-executing this Agreement, without revocation, on the space provided at the end of this Agreement on or within twenty-one (21) days following the Termination Date.  In the event that Employee fails to comply with his re-execution obligation under this paragraph in a timely manner, he shall not be eligible for any subsequent payments or benefits under this Agreement.

F.Consideration of Release Agreement.  Employee understands and hereby acknowledges that he has had the opportunity, if so desired, to take up to twenty-one (21) days to consider this Agreement.  Employee further acknowledges that the Company is hereby advising him to consult with an attorney prior to executing this Agreement.

G.Revocation Period.  Employee understands and acknowledges that he will have a period of seven (7) days following his execution of this Agreement in which to revoke this Agreement by an electronic notice of revocation to be received by the Company at the following email address:   amy.meyer@citrix.com.  Any notice of revocation must be sent by no later than the end of such seven-day period.  Employee further understands that this Agreement shall not become effective until the eighth day following his execution of this Agreement, and then only if he has not previously revoked this Agreement as described in the first sentence of this Paragraph. 

H.Non-Disparagement and No Cooperation.  Employee agrees he will not, at any time in the future, make any written or oral statements, or act in any manner that might disparage or damage the business of the Company.  Employee agrees that he will not counsel or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against the Company and/or any of the other Released Parties, unless under a subpoena or other court order to do so; provided that this provision shall not be construed to affect Employee’s right to participate in any proceeding before a federal or state administrative agency, including, without limitation, by cooperating with any such agency’s request for information.  In addition, Employee recognizes that the Company’s business relationships with its customers, service providers, analysts, distributors, resellers and partners (collectively, “Partners”) are very important to the Company, and that if Employee, who has been an important Company representative in its dealings with Partners, makes any statement (directly or indirectly) to such Partners about the Company, its employees, products or otherwise, that is untrue or otherwise may be harmful to the Company, Employee will be deemed to have violated this Paragraph H.

I.No Admission of Liability.  No action taken by the Parties hereto, or either of them, either previously or in connection with this Agreement shall be deemed or construed to be (a) an admission of the truth or falsity of any claims heretofore made or (b) an acknowledgment or admission by either Party of any fault or liability whatsoever to the other Party or to any third party.

J.Costs.  To the extent permitted by law, the Parties shall each bear their own costs, expert fees, attorneys' fees, and other fees incurred in connection with this Agreement.

K.Dispute Resolution.  In the event of any dispute or claim relating to or arising out of this Agreement, the Parties' employment relationship, or the termination of that relationship for any reason, the Parties agree that all such disputes/claims will be resolved by means of a trial conducted by the superior or district court in Broward County, Florida.  Notwithstanding the foregoing, in the event of any such dispute/claim, the Parties may agree to mediate or arbitrate the dispute/claim on such terms and conditions as may be agreed to in writing by the Parties.

L.Authority.  The Company represents and warrants that the undersigned has the authority to act on behalf of the Company and to bind the Company and all who may claim through it to the terms and conditions of this Agreement.  Employee represents and warrants that he has the capacity to act on his own behalf and on behalf of all who might claim through him to bind them to the terms and conditions of this 

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Agreement.  Employee represents and warrants that there are no liens or claims of lien or assignments in law or equity or otherwise of or against any of the claims or causes of action released herein.

M.No Representations.  Each Party represents that it has had the opportunity to consult with an attorney, and has carefully read and understands the scope and effect of the provisions of this Agreement. Neither Party has relied upon any representations or statements made by the other Party hereto which are not specifically set forth in this Agreement.

N.Insider Trading.  Employee acknowledges and reaffirms his continuing obligations under the Citrix Systems, Inc. Statement of Company Policy Regarding Insider Trading and Disclosure of Material Non-Public Information (the “Insider Trading Policy”), and agrees that these obligations continue to apply following the Termination Date, until such time as any material, nonpublic information possessed by Employee has become public or is no longer material.  Without limiting the foregoing, Employee acknowledges and agrees that he shall continue to be subject to the remainder of any Quarterly Black-Out or Special Black-Out (as defined in the Insider Trading Policy), if such black-out period was instituted prior to the Termination Date.  

O.Litigation and Regulatory Cooperation.  Employee agrees to cooperate with the Company in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Company or any of its subsidiaries which relate to events or occurrences that transpired prior to the Termination Date.  Employee’s cooperation in connection with such claims or actions shall include, without limitation, being reasonably available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of the Company at mutually convenient times.  Employee further agrees he will cooperate fully, but with a reasonable time commitment, with the Company in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that transpired prior to the Termination Date.  The Company will reimburse Employee for any expenses incurred during activities reasonably performed at the Company’s request pursuant to this Paragraph O, subject to the same standards and procedures as apply to business expense reimbursements pursuant to the Company’s Travel and Expense reimbursement policy.  In addition, to the extent that Employee expends any time in providing cooperation services to the Company, at any time after May 31, 2016, the Company shall compensate Employee at an hourly rate based on his final base annual salary rate.

P.Severability.  In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision.

Q.Entire Agreement.  This Agreement represents the entire agreement and understanding between the Company and Employee concerning Employee's separation from the Company, and supersedes and replaces any and all prior agreements and understandings concerning Employee's relationship with the Company and his compensation by the Company, with the exception of the Confidentiality Agreement, the Indemnification Agreement and any equity compensation agreements between the Parties.  Employee acknowledges and agrees that the Confidentiality Agreement shall remain in full force and effect in accordance with its terms.

R.No Oral Modification.  This Agreement may only be amended in a writing signed by Employee and the Vice President of Human Resources of the Company.

S.Governing Law.  This Agreement shall be governed by the laws of the State of Florida (without regard to the principles of conflict of laws thereof).

T.Counterparts.  This Agreement may be executed in counterparts, and each counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned.

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U.Confidentiality.  Employee agrees that he shall not disclose the existence or any of the terms of this Agreement to any person or entity other than his spouse, counsel, or financial advisor, except as such disclosure may be required to respond truthfully to a subpoena or other compulsory legal process or has previously been publicly disclosed by the Company.

V.Voluntary Execution of Agreement.  By signing below the Parties confirm that each has carefully read and reviewed this Agreement.  Employee acknowledges that he fully understands all of the terms and conditions of this Agreement and has not relied upon any other representations by the Company or the employees or agents of the Company concerning the terms of this Agreement.  Each Party hereby executes and delivers this Agreement freely and voluntarily.

IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth below.

	
		
	 
	CITRIX SYSTEMS, INC.

	By: 
	By: 

	Name: Sudhakar Ramakrishna
	Name: 

	Date: 
	Title: 

	 
	Date: 

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***********************************************

By re-signing this Agreement on or within 21 days following the Termination Date, I hereby extend the release of claims set forth in Paragraph E above so as to include any and all such claims that exist or arise at any time up to and including the date on which I re-sign this Agreement below.  I hereby acknowledge and agree that I have been paid in full all wages and compensation (including, without limitation, base salary, bonuses, incentive compensation, and vacation/paid time off) and benefits that I earned during my employment with the Company (including, without limitation, any wages and benefits that I earned during the Transition Period).  I understand that I may revoke this extension of the release of claims at any time within the seven (7) day period following my re-execution of this Agreement, which revocation must be delivered by email notice in the manner described in Paragraph G.  I further understand that my re-execution of this Agreement below in a timely manner and without revocation is a material inducement to the Company in offering me the payments and benefits otherwise due with respect to the period after the re-signing of this Agreement and is a condition to such payments and benefits.      

Dated:  ________ __, 2015                                
Sudhakar Ramakrishna

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