Document:

exhibit102_2019eiprsuexe

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]                     ZOOM VIDEO COMMUNICATIONS, INC.                      GLOBAL RSU AWARD GRANT NOTICE                           (2019 EQUITY INCENTIVE PLAN)   Zoom Video Communications, Inc. (the “Company”) has awarded you (“the “Participant”) the  number of restricted stock units specified and on the terms set forth below in consideration of  your services (the “RSU Award”).  Your RSU Award is subject to all of the terms and conditions  as set forth herein and in the Company’s 2019 Equity Incentive Plan (the “Plan”) and the Global  RSU Award Agreement, including any additional terms and conditions for your country included  in  the  appendix  attached  thereto  (the  “Agreement”), both  of  which  are  attached  hereto  and  incorporated herein in their entirety.  Capitalized terms not explicitly defined herein but defined  in the Plan or the Agreement shall have the meanings set forth in the Plan or the Agreement.   Participant:                                                        Date of Grant:                                                      Vesting Commencement Date:                                          Number of Restricted Stock Units:                                       Vesting Schedule: Subject  to  the  Participant’s  Continuous  Service  through  each  applicable                   vesting date, the restricted stock units subject to the RSU Award will vest                   as follows:                    [New Hire Grants—1/4th of the restricted stock units shall vest on the first                   anniversary of the Vesting Commencement Date.  Thereafter 1/16th of the                   restricted stock  units  shall  vest every  three  months  following  the  first                   anniversary of the Vesting Commencement Date on the day of the calendar                   month  that  corresponds  with  the  Vesting  Commencement  Date such  that                   the  RSU  Award  is  fully  vested  on  the  fourth  anniversary  of  the  Vesting                   Commencement Date.]                    [Refresher Grants--1/16th of the restricted stock units shall vest every three                   months  following  the  Vesting  Commencement  Date on  the  day  of  the                   calendar  month  that  corresponds  with  the  Vesting  Commencement  Date                   such that the RSU Award is fully vested on the fourth anniversary of the                   Vesting Commencement Date.]                    Notwithstanding  the  foregoing,  the  RSU  Award  will  fully  vest  upon                   Participant’s  death  or  Disability,  subject  to  the  Participant’s  Continuous                   Service through such death or Disability.  Issuance Schedule: One share of Common Stock will be issued for each restricted stock unit                   which vests at the time set forth in Section 5 of the Agreement.   Participant  Acknowledgements:  By  your  signature  below  or  by  electronic  acceptance  or  authentication in a form authorized by the Company, you understand and agree that:                                     1.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]     •  The  RSU  Award  is  governed  by  this  Global  RSU  Award  Grant  Notice  (the  “Grant        Notice”), and the provisions of the Plan and the Agreement, all of which are made a part        of  this  document.   Unless  otherwise provided in  the  Plan,  this  Grant  Notice  and  the        Agreement (together, the “RSU Award Agreement”) may not be modified, amended or        revised except in a writing signed by you and a duly authorized officer of the Company.        •  You  have  read  and  are  familiar  with  the  provisions  of  the  Plan,  the RSU Award        Agreement and the Prospectus.  In the event of any conflict between the provisions in the        RSU Award Agreement, or the Prospectus and the terms of the Plan, the terms of the Plan        shall control.       •  To  the  fullest  extent  permitted  under  the  Plan  and  applicable  law,  withholding  taxes        applicable to the RSU Award will be satisfied through the sale of a number of the shares        issuable in settlement of the RSU Award as determined in accordance with Section 4 of        the  Agreement  and  the  remittance  of  the  cash  proceeds  to  the  Company.  Under  the        Agreement, the Company or, if different, your employer shall make payment from the        cash proceeds of this sale directly to the appropriate tax or social security authorities in        an amount equal to the taxes required to be remitted. The mandatory sale of shares to        cover withholding taxes is imposed by the Company on you in connection with your        receipt of this RSU Award.     •  The  RSU  Award  Agreement  sets  forth  the  entire  understanding  between  you  and  the        Company regarding the acquisition of Common Stock and supersedes all prior oral and        written agreements, promises and/or representations on that subject with the exception of:        (i) other equity awards previously granted to you, (ii) any written employment agreement,        offer  letter,  severance  agreement,  written  severance  plan  or  policy,  or  other  written        agreement between the Company and you in each case that specifies the terms that should        govern this RSU Award, and (iii) the Company’s Incentive Compensation Recoupment        Policy, any clawback policy that the Company is required to adopt pursuant to the listing        standards  of  any  national  securities  exchange  or  association  on  which  the  Company’s        securities are listed or as is otherwise required by the Dodd-Frank Wall Street Reform        and Consumer Protection Act or other Applicable Law, and any clawback policy that the        Company  otherwise  adopts,  to  the  extent  applicable  and  permissible  under  Applicable        Law.    ZOOM VIDEO COMMUNICATIONS, INC.        PARTICIPANT:   By:                                                                                         Signature                               Signature  Title:                                 Date:                                 Date:                                  ATTACHMENTS:  Global RSU Award Agreement, 2019 Equity Incentive Plan, Prospectus                                          2.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]                                  ATTACHMENT I                          ZOOM VIDEO COMMUNICATIONS, INC.                              2019 EQUITY INCENTIVE PLAN                           GLOBAL RSU AWARD AGREEMENT         As  reflected  by  your  Global  RSU  Award  Grant  Notice  (“Grant  Notice”)  Zoom  Video  Communications, Inc. (the “Company”) has granted you a RSU Award under its 2019 Equity  Incentive Plan (the “Plan”) for the number of restricted stock units as indicated in your Grant  Notice  (the  “RSU  Award”).   The  terms  of  your  RSU  Award  as  specified  in  the  Global  RSU  Award Agreement, including any additional terms and conditions for your country included in  the  appendix  attached  hereto  (the  “Agreement”)  and  the  Grant  Notice  constitute  your  “RSU  Award Agreement”.  Defined terms not explicitly defined in this Agreement but defined in the  Grant  Notice  or  the  Plan  shall  have  the  same  definitions  as  in  the  Grant  Notice  or  Plan,  as  applicable.           The terms applicable to your RSU Award are as follows:         1.    GOVERNING PLAN DOCUMENT.  Your RSU Award is subject to all the provisions  of the Plan, including but not limited to the provisions in:               (a)   Section 6 of the Plan regarding the impact of a Capitalization Adjustment,  dissolution, liquidation, or Corporate Transaction on your RSU Award,                (b)   Section 9(e) regarding the Company’s or your employer’s retained rights  to terminate your Continuous Service notwithstanding the grant of the RSU Award, and                (c)   Section 8(c) regarding the tax consequences of your RSU Award.    Your  RSU  Award  is  further  subject  to  all  interpretations,  amendments,  rules  and  regulations,  which may from time to time be promulgated and adopted pursuant to the Plan.  In the event of  any conflict between the RSU Award Agreement and the provisions of the Plan, the provisions  of the Plan shall control.           2.    GRANT OF THE RSU AWARD.  This RSU Award represents your right to be issued  on  a  future  date the  number  of  shares  of  the  Company’s  Common  Stock  that  is  equal  to  the  number of restricted stock units indicated in the Grant Notice subject to your satisfaction of the  vesting  conditions  set  forth  therein  (the  “Restricted  Stock  Units”).   Any  additional  Restricted  Stock Units that become subject to the RSU Award pursuant to Capitalization Adjustments as set  forth in  the  Plan  and  the  provisions  of  Section  3  below,  if  any,  shall  be  subject,  in  a  manner  determined by the Board, to the same forfeiture restrictions, restrictions on transferability, and  time and manner of delivery as applicable to the other Restricted Stock Units covered by your  RSU Award.                                       3.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]        3.    DIVIDENDS.  You  may  become  entitled  to  receive  payments  equal  to  any  cash  dividends  and  other  distributions  paid  with  respect  to  a  corresponding  number  of  shares  of  Common  Stock  to  be  issued  in  respect  of  the  Restricted  Stock  Units  covered  by  your  RSU  Award.  Any such dividends or distributions shall be subject to the same forfeiture restrictions as  apply to the Restricted Stock Units and shall be paid at the same time that the corresponding  shares are issued in respect of your vested Restricted Stock Units, provided, however that to the  extent any such dividends or distributions are paid in shares of Common Stock, then you will  automatically be granted a corresponding number of additional Restricted Stock Units subject to  the RSU Award (the “Dividend Units”), and further provided that such Dividend Units shall be  subject  to  the  same  forfeiture  restrictions  and  restrictions  on  transferability,  and  same  timing  requirements for issuance of shares, as apply to the Restricted Stock Units subject to the RSU  Award with respect to which the Dividend Units relate.         4.    WITHHOLDING OBLIGATIONS.               (a)   You acknowledge that, regardless of any action taken by the Company, or  if different, the Affiliate employing or engaging you (the “Employer”), the ultimate liability for  all  income  tax  (including  U.S.  federal,  state,  and  local  taxes  and/or  non-U.S.  taxes),  social  insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related  to your participation in the Plan and legally applicable to you (the “Tax-Related Items”) is and  remains  your  responsibility  and  may  exceed  the  amount,  if  any,  actually  withheld  by  the  Company or the Employer.  You further acknowledge that the Company and/or the Employer (i)  make  no  representations  or  undertakings  regarding  the  treatment  of  any  Tax-Related  Items  in  connection  with  any  aspect  of  the RSU  Award,  including,  but  not  limited  to, the  grant  of  the  RSU Award, the vesting of the RSU Award, the issuance of shares in settlement of vesting of the  RSU Award, the subsequent sale of any shares of Common Stock acquired pursuant to the RSU  Award and the receipt of any dividends or Dividend Units; and (ii) do not commit to and are  under no obligation to reduce or eliminate your liability for Tax-Related Items.  Further, if you  become subject to taxation in more than one country, you acknowledge that the Company and/or  the Employer (or former employer, as applicable) may be required to withhold or account for  Tax-Related Items in more than one country.               (b)   On each vesting date, and on or before the time you receive a distribution  of  the  shares  underlying  your Restricted  Stock  Units,  and  at  any  other  time  as  reasonably  requested  by  the  Company  in  accordance  with Applicable  Law,  you  agree  to  make  adequate  provision  for  any  sums  required  to  satisfy  the  withholding  obligations  of  the  Company,  the  Employer or any Affiliate in connection with any Tax-Related Items that arise in connection with  your RSU Award (the “Withholding Taxes”). The Company shall arrange a mandatory sale (on  your behalf pursuant to your authorization under this section and without further consent) of the  shares of Common Stock issued in settlement upon the vesting of your Restricted Stock Units in  an amount necessary to satisfy the Withholding Taxes and shall satisfy the Withholding Taxes by  withholding  from  the  proceeds  of  such  sale  (the  “Mandatory  Sell  to  Cover”).  You  hereby  acknowledge and agree that the Company shall have the authority to administer the Mandatory  Sell to Cover arrangement in its sole discretion with a registered broker-dealer that is a member  of the Financial Industry Regulatory Authority (a “FINRA Dealer”) as the Company may select  as  the  agent  (the  “Agent”)  who  will  sell  on  the  open  market  at  the  then  prevailing  market                                      4.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  price(s), as soon as practicable on or after each date on which your Restricted Stock Units vest,  the  number  (rounded  up  to  the  next  whole  number)  of  the  shares  of  Common  Stock  to  be  delivered  to  you  in  connection  with  the  vesting  of  the  Restricted  Stock  Units  sufficient  to  generate proceeds to cover (A) the Withholding Taxes that you are required to pay pursuant to  the Plan and this Agreement as a result of the vesting of the Restricted Stock Units (or shares  being issued thereunder, as applicable) and (B) all applicable fees and commissions due to, or  required to be collected by, the Agent with respect thereto any remaining funds shall be remitted  to you.               (c)   If,  for  any  reason,  such  Mandatory  Sell  to  Cover  does  not  result  in  sufficient proceeds to satisfy the Withholding Taxes, the Company or an Affiliate may, in its sole  discretion, satisfy all or any portion of the Withholding Taxes relating to your RSU Award by  any  of  the  following  means  or  by  a  combination  of  such  means:  (i)  withholding  from  any  compensation otherwise payable to you by the Company or the Employer; (ii) causing you to  tender a cash payment (which may be in the form of a check, electronic wire transfer or other  method  permitted  by  the  Company);  or  (iii)  withholding  shares  of  Common  Stock from  the  shares of Common Stock issued or otherwise issuable to you in connection with your Restricted  Stock  Units with  a  fair  market  value  (measured  as  of  the  date  shares  of  Common  Stock  are  issued  to  you)  equal  to  the  amount  of  such  Withholding  Taxes;  provided,  however,  that  the  number of such shares of Common Stock so withheld will not exceed the amount necessary to  satisfy  the  Company’s  required  tax  withholding  obligations  using  the  maximum statutory  withholding rates for federal, state, local and foreign tax purposes, including payroll taxes, that  are  applicable  to  supplemental  taxable  income;  and  to  the  extent  necessary  to  qualify  for  an  exemption  from  application  of  Section  16(b)  of  the  Exchange  Act,  if  applicable,  such  share  withholding procedure will be subject to the express prior approval of the Company’s Board or  Compensation Committee.               (d)   Unless  the  tax  withholding  obligations  of  the  Company  and/or  any  Affiliate with  respect  to  the Tax-Related  Items are  satisfied,  the  Company  shall  have  no  obligation to deliver to you any Common Stock.               (e)   In  the  event  the  Company’s  obligation  to  withhold  arises  prior  to  the  delivery to you of Common Stock or it is determined after the delivery of Common Stock to you  that the amount of the Tax-Related Items withholding obligation was greater than the amount  withheld by the Company or your Employer, you agree to indemnify and hold the Company and  your  Employer harmless  from  any  failure  by  the  Company or  your  Employer to  withhold  the  proper amount.               (f)   You  acknowledge  that  the Mandatory  Sell  to  Cover  is  imposed  by  the  Company on you pursuant to the terms of the RSU Award.               (g)   The  Company  may  withhold  or  account  for  Tax-Related  Items  by  considering applicable minimum statutory withholding amounts, or other applicable withholding  rates, including maximum applicable rates in your jurisdiction(s).  If the maximum rate is used,  any over-withheld amount may be refunded to you in cash by the Company or Employer (with  no entitlement to the equivalent in shares of Common Stock), or if not refunded, you may seek a  refund from the local tax authorities.  You must pay to the Company and/or the Employer any                                     5.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  amount  of  Tax-Related  Items  that  the  Company  and/or  the  Employer  may  be  required  to  withhold or account for as a result of your participation in the Plan that cannot be satisfied by the  means previously described.          5.    DATE OF ISSUANCE.                 (a)   The issuance of shares in respect of the Restricted Stock Units is intended  to  comply  with  Treasury  Regulations  Section  1.409A-1(b)(4)  and  will  be  construed  and  administered in such a manner. Subject to the satisfaction of the withholding obligations set forth  in  this  Agreement,  in  the  event  one  or  more  Restricted  Stock  Units  vests,  the  Company  shall  issue to you one (1) share of Common Stock for each Restricted Stock Unit that vests on the  applicable vesting date(s). The issuance date determined by this paragraph is referred to as the  “Original Issuance Date”.                (b)   If  the  Original  Issuance  Date  falls  on  a  date  that  is  not  a  business  day,  delivery  shall  instead  occur  on the  next  following  business  day or  to  the  extent  not  administratively feasible, as soon as practicable thereafter (but for the avoidance of doubt, in no  event later than the later of (i) the 15th day of the third month following the end of the calendar  year in which the Restricted Stock Units vest, or (ii) the 15th day of the third month following  the end of the Company’s fiscal year in which the Restricted Stock Units vest).               (c)   The  form  of  delivery  (e.g.,  a  stock  certificate  or  electronic  entry  evidencing such shares) shall be determined by the Company.          6.    NATURE OF GRANT.  In accepting the RSU Award, you acknowledge, understand  and agree that:               (a)   the Plan is established voluntarily by the Company, it is discretionary in  nature, and may be amended, suspended or terminated by the Company at any time, to the extent  permitted by the Plan;               (b)   the grant of the RSU Award is exceptional, voluntary and occasional and  does  not  create  any  contractual  or  other  right  to  receive  future  grants  of  RSUs,  other  equity  awards or benefits in lieu of equity awards, even if equity awards have been granted in the past;                (c)   all  decisions  with  respect  to  future  RSU  Awards  or  other  grants,  if  any,  will be at the sole discretion of the Company;               (d)   the RSU Award grant and your participation in the Plan shall not create a  right to employment or be interpreted as forming or amending an employment or service contract  with the Company, the Employer or any Affiliate;               (e)   you are voluntarily participating in the Plan;               (f)   the  RSU  Award  and  any  shares  of  Common  Stock acquired  under  the  Plan, and the income from and value of same, are not intended to replace any pension rights or  compensation;                                      6.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]              (g)   the  RSU  Award  and  any  shares  of  Common  Stock  acquired  under  the  Plan, and the income from and value of same, are not part of normal or expected compensation  for  any  purpose,  including,  without  limitation,  calculating  any  severance,  resignation,  termination, redundancy, dismissal, end-of-service payments, holiday pay, bonuses, long-service  awards, pension or retirement or welfare benefits or similar mandatory payments;               (h)   the  future  value  of  the  shares  of  Common  Stock  underlying  the  RSU  Award is unknown, indeterminable, and cannot be predicted with certainty;               (i)   if the RSU Award vests and you are issued shares of Common Stock, the  value of such shares of Common Stock may increase or decrease in value following the date the  shares are issued; even below the Fair Market Value on the date the RSU Award is granted to  you;               (j)   for  purposes  of  the  RSU  Award,  your  Continuous  Service  will  be  considered terminated  as  of  the  date  you  are  no  longer  actively  providing  services  to  the  Company or one of its Affiliates (regardless of the reason for such termination and whether or  not later found to be invalid or in breach of employment laws in the jurisdiction where you are  employed or the terms of your employment agreement, if any), and unless otherwise expressly  provided in this Agreement or determined by the Company, your right to vest in the RSU Award  under  the  Plan,  if  any,  will  terminate  as  of  such  date  and  will  not  be  extended  by  any  notice  period or any period of “garden leave” or similar period mandated under employment laws in the  jurisdiction where you are employed or the terms of your employment agreement, if any); and   the Plan Administrator shall have the exclusive discretion to determine when you are no longer  actively providing services for purposes of the RSU Award (including whether you may still be  considered to be providing services while on a leave of absence);               (k)   no  claim  or  entitlement  to  compensation  or  damages  shall  arise  from  forfeiture  of  the  RSU  Award  resulting  from  your  termination  of  Continuous  Service  (for  any  reason whatsoever, whether or not later found to be invalid or in breach of employment laws in  the jurisdiction where you are employed, or the terms of your employment agreement, if any);               (l)   unless otherwise agreed with the Company in writing, the RSU Award and  any shares of Common Stock acquired under the Plan, and the income from and value of same,  are not granted as consideration for, or in connection with, any service you may provide as a  director of the Company or any Affiliate; and               (m)   neither the Company, the Employer or any Affiliate shall be liable for any  foreign exchange rate fluctuation between your local currency and the United States Dollar that  may affect the value of the RSU Award or the subsequent sale of any shares of Common Stock  acquired upon settlement of the RSU Award.          7.    TRANSFERABILITY.  Except as otherwise provided in the Plan, your RSU Award  is not transferable, except by will or by the applicable laws of descent and distribution           8.    CORPORATE  TRANSACTION.  Your RSU  Award is  subject  to  the  terms  of  any  agreement  governing  a  Corporate  Transaction  involving  the  Company,  including,  without                                     7.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  limitation, a provision for the appointment of a stockholder representative that is authorized to  act on your behalf with respect to any escrow, indemnities and any contingent consideration.         9.    NO LIABILITY  FOR TAXES.   As  a  condition  to  accepting  the RSU  Award,  you  hereby (a) agree to not make any claim against the Company, or any of its Officers, Directors,  Employees or Affiliates related to tax liabilities arising from the RSU Award or other Company  compensation and (b) acknowledge that you were advised to consult with your own personal tax,  financial and other legal advisors regarding the tax consequences of the RSU Award and have  either done so or knowingly and voluntarily declined to do so.         10.   CLAWBACK/RECOVERY.  Your RSU Award and any shares issued in settlement  of  your  RSU  Award will  be  subject to  recoupment  in  accordance  with: (i)  the  Company’s  Incentive  Compensation  Recoupment  Policy,  (ii) any  clawback  policy  that  the  Company  is  required  to  adopt  pursuant  to  the  listing  standards  of  any  national  securities  exchange  or  association on which the Company’s securities are listed or as is otherwise required by the Dodd- Frank Wall Street Reform and Consumer Protection Act or other Applicable Law, and (iii) any  clawback policy that the Company otherwise adopts, in each case to the extent applicable and  permissible under Applicable Law.  No recovery of compensation under such a clawback policy  will be an event giving rise to your right to voluntary terminate employment upon a “resignation  for good reason,” or for a “constructive termination” or any similar term under any plan of or  agreement with the Company.         11.   SEVERABILITY.  If any part of this Agreement or the Plan is declared by any court  or  governmental  authority  to  be  unlawful  or  invalid,  such  unlawfulness  or  invalidity  will  not  invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid.  Any  Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid will, if  possible, be construed in a manner which will give effect to the terms of such Section or part of a  Section to the fullest extent possible while remaining lawful and valid.         12.   WAIVER.  You  acknowledge  that  a  waiver  by  the  Company  of  a  breach  of  any  provision of this Agreement shall not operate or be construed as a waiver of any other provision  of this Agreement, or of any subsequent breach of this Agreement.         13.   NO ADVICE REGARDING  GRANT.  The Company is not providing any tax, legal  or  financial  advice,  nor  is  the  Company  making  any  recommendations  regarding  your  participation in the Plan, or your acquisition or sale of the underlying shares of Common Stock.   You  should  consult  with  your  own  personal  tax,  legal  and  financial  advisors  regarding  your  participation in the Plan before taking any action related to the Plan.          14.   DATA  PRIVACY.  By  signing the  Grant  Notice  or  otherwise  accepting this  Agreement  in  accordance  with  the  Company’s  acceptance  procedures,  you  declare  that  you  agree  with  the  data  processing  practices  described  herein  and  consent  to  the  collection,  processing and use of your Personal Data (as defined below) by the Company and the transfer  of  your  Personal  Data  to  the  recipients  mentioned  herein,  including  recipients  located  in  countries which do not adduce an adequate level of protection from a European (or other non- U.S.) data protection law perspective, for the purposes described herein.                                      8.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]              (a)   Declaration  of  Consent.   You  understand  that  you  need  to  review  the  following  information  about  the  processing  of  your  personal  data  by  or  on  behalf  of  the  Company, the Employer and/or any Affiliate, as described herein, and any other RSU Award  materials (the “Personal Data”) and declare your consent.  With regard to the processing of  your  Personal  Data  in  connection  with  the  Plan,  you  understand  that  the  Company  is  the  controller of the Personal Data.               (b)   Data  Processing  and  Legal  Basis.   The  Company  collects,  uses  and  otherwise processes  your  Personal  Data  for  the  purposes  of  allocating  shares of  Common  Stock and  implementing,  administering  and  managing  the Plan.  You  understand that  this  Personal  Data  may  include,  without  limitation, your name,  home  address  and  telephone  number,  email  address,  date  of  birth,  social  insurance  number,  passport  number  or  other  identification  number  (e.g.,  resident  registration  number),  salary,  nationality,  job  title,  any  shares of Common Stock or directorships held in the Company or its Subsidiaries, details of  all RSU Awards or any other entitlement to shares of Common Stock or equivalent benefits  awarded, canceled, exercised, vested, unvested or outstanding in your favor.  The legal basis  for the processing of your Personal Data will be your consent.               (c)   Stock Plan Administration Service Providers.  You understand that the  Company may transfer your Personal Data, or parts thereof, to E*Trade Financial Corporate  Services,  Inc. (and  its  affiliated  companies), an  independent  service  provider  based  in  the  United  States  which  assists  the  Company  with  the  implementation,  administration  and  management of the Plan.  In the future, the Company may select a different service provider  and share your Personal Data with such different service provider that serves the Company in  a similar manner.  You understand and acknowledge that the Company’s service provider may  open  an  account  for  you  to  receive  and  trade  shares of  Common  Stock acquired  under  the  Plan and that you will be asked to agree on separate terms and data processing practices with  the service provider, which is a condition of your ability to participate in the Plan.               (d)   International Data Transfers.  You understand that the Company and,  as  of  the  date  hereof,  any  third  parties  assisting  in  the  implementation,  administration  and  management of the Plan, such as the Company’s service providers, are based in the United  States.   If you  are located  outside  the  United  States,  you  understand  and  acknowledge that  your country  has  enacted  data  privacy  laws  that  are  different  from  the  laws  of  the  United  States.  For example, the European Commission has issued only a limited adequacy finding  with respect to the United States that applies solely if and to the extent that companies self- certify  and  remain  self-certified  under  the  EU/U.S.  Privacy  Shield  program.   Otherwise,  transfers  of  personal  data  from  the  EU  to  the  United  States  can  be  made  on  the  basis  of  Standard  Contractual  Clauses  approved  by  the  European  Commission  or  other  appropriate  safeguards permissible under the Applicable Law.  If you are located in the EU or EEA, the  Company may receive, process and transfer your Personal Data onward to third-party service  providers  solely  on  the  basis  of  appropriate  data  transfer  agreements  or  other  appropriate  safeguards permissible under Applicable Law.  If applicable, you understand that you can ask  for  a  copy  of  the  appropriate  data  processing  agreements  underlying  the  transfer  of your  Personal  Data  by  contacting your  local  human  resources  representative.  The  Company’s  legal basis for the transfer of your Personal Data is your consent.                                      9.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]              (e)   Data  Retention.  You  understand that  the  Company  will  use your  Personal  Data  only  as  long  as  is  necessary  to  implement,  administer  and  manage your  participation in the Plan, or to comply with legal or regulatory obligations, including under  tax  and  securities  laws.   In  the  latter  case, you understand and  acknowledge that  the  Company’s  legal  basis  for  the  processing  of your Personal  Data  would  be  compliance  with  Applicable  Law or  the  pursuit  by  the  Company  of  respective  legitimate  interests  not  outweighed by your interests, rights or freedoms.  When the Company no longer needs your  Personal  Data  for  any  of  the  above  purposes, you understand  the  Company  will  remove  it  from its systems.               (f)   Voluntariness  and  Consequences  of  Denial/Withdrawal  of  Consent.   You  understand that your participation  in  the Plan and your grant  of  consent  is  purely  voluntary.  You may deny or later withdraw your consent at any time, with future effect and  for any or no reason.  If you deny or later withdraw your consent, the Company can no longer  offer you participation in the Plan or offer other awards to you or administer or maintain such  awards and you would no longer be able to participate in the Plan.  You further understand  that  denial  or  withdrawal  of your consent  would  not  affect your status  or  salary  as  an  employee or your career and that you would merely forfeit the opportunities associated with  the Plan.               (g)   Data Subject Rights.  You understand that data subject rights regarding  the processing of personal data vary depending on the Applicable Law and that, depending on  where you  are based  and  subject  to  the  conditions  set  out  in  the Applicable  Law, you may  have, without limitation, the rights to (i) inquire whether and what kind of Personal Data the  Company  holds  about you and  how  it  is  processed,  and  to  access  or  request  copies  of  such  Personal Data, (ii) request the correction or supplementation of Personal Data about you that  is inaccurate, incomplete or out-of-date in light of the purposes underlying the processing, (iii)  obtain  the  erasure  of  Personal  Data  no  longer  necessary  for  the  purposes  underlying  the  processing, processed based on withdrawn consent, processed for legitimate interests that, in  the context of your objection, do not prove to be compelling, or processed in non-compliance  with applicable legal requirements, (iv) request the Company to restrict the processing of your  Personal Data in certain situations where you feel its processing is inappropriate, (v) object, in  certain circumstances, to the processing of Personal Data for legitimate interests, and to (vi)  request portability of your Personal Data that you have actively or passively provided to the  Company (which does not include data derived or inferred from the collected data), where the  processing  of  such  Personal  Data  is  based  on  consent  or  your employment or  service  agreement and is carried out by automated means.  In case of concerns, you understand that  you  may  also  have  the  right  to  lodge  a  complaint  with  the  competent  local  data  protection  authority.  Further, to receive clarification of, or to exercise any of your rights, you should  contact your local human resources representative.               (h)   Alternate Basis and Additional Consents.  Finally, you understand that  the Company may rely on a different basis for the processing or transfer of Personal Data in  the future and/or request that you provide another data privacy consent.  If applicable, you  agree  that  upon  request  of  the  Company  or  the  Employer,  you  will  provide  an  executed  acknowledgement or data privacy consent form (or any other agreements or consents) that the                                     10.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  Company  and/or  the  Employer  may  deem  necessary  to  obtain from  you  for  the  purpose  of  administering your participation in the Plan in compliance with the data privacy laws in your  country, either now or in the future.  You understand and agree that you will not be able to  participate in the Plan if you fail to provide any such consent or agreement requested by the  Company and/or the Employer.         15.   LANGUAGE.  You acknowledge that you are sufficiently proficient in the English  language, or have consulted with an advisor who is sufficiently proficient in English, so as to  allow you to understand the terms and conditions of this Agreement.  If you have received this  Agreement  or  any  other  documents  related  to  the  Plan  translated  into  a  language  other  than  English, and if the meaning of the translated version is different than the English version, the  English version will control.          16.   VENUE.   For  purposes  of  any  action,  lawsuit  or  other  proceeding  brought  to  enforce this Agreement, relating to it, or arising from it, the parties hereby submit to and consent  to  the  sole  and  exclusive  jurisdiction  of  the  courts  of Santa  Clara  County,  California,  or  the  federal courts for the United States for the Northern District of California, and no other courts  where this grant is made and/or to be performed.         17.   INSIDER TRADING RESTRICTIONS / MARKET ABUSE LAW.  You may be subject  to  insider  trading  restrictions  and/or  market  abuse  laws  based  on  the  exchange  on  which  the  shares of Common Stock are listed and in applicable jurisdictions, including the United States,  your  country  and  the  designated  broker’s  country,  which  may  affect  your  ability  to  accept,  acquire, sell or otherwise dispose of shares of Common Stock, rights to shares of Common Stock  (i.e., RSU Awards) or rights linked to the value of the shares of Common Stock under the Plan  during such times as you are considered to have “inside information” regarding the Company (as  defined by the laws in the applicable jurisdiction(s)).  Local insider trading laws and regulations  may prohibit the cancellation or amendment of orders you placed before you possessed inside  information.  Furthermore, you could be prohibited from (i) disclosing the inside information to  any third party, which may include fellow employees and (ii) “tipping” third parties or causing  them  otherwise  to  buy  or  sell  securities.  Any  restrictions  under  these  laws  or  regulations  are  separate  from  and  in  addition  to  any  restrictions  that  may  be  imposed  under  the  Company’s  Trading Policy, or any other applicable insider trading policy then in effect.  You acknowledge  that  you  are  responsible  for  complying  with  any  applicable  restrictions  and  are  encouraged  to  speak with your personal legal advisor for further details regarding any applicable insider-trading  and/or market-abuse laws in your country.          18.   FOREIGN ASSET/ACCOUNT, EXCHANGE  CONTROL  AND TAX  REPORTING.  You  may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a  result of the acquisition, holding and/or transfer of shares of Common Stock or cash (including  dividends and the proceeds arising from the sale of shares of Common Stock) derived from your  participation  in  the  Plan  in,  to  and/or  from  a  brokerage/bank  account  or  legal  entity  located  outside your country.  The Applicable Laws in your country may require that you report such  accounts, assets and balances therein, the value thereof and/or the transactions related thereto to  the applicable authorities in such country. You may also be required to repatriate sale proceeds  or other funds received as a result of your participation in the Plan to your country through a  designated bank or broker within a certain time after receipt.  You acknowledge that it is your                                    11.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  responsibility to be compliant with such regulations and you are encouraged to consult with your  personal legal advisor for any details.          19.   COUNTRY-SPECIFIC  PROVISIONS.  Notwithstanding  any  provisions  of  this  Agreement to the contrary, if you reside or are employed outside of the United States, the RSU  Award shall be subject to any terms and conditions for your country of residence (and country of  employment, if different) set forth in the appendix attached hereto (the “Appendix”).  Further, if  you  transfer  residence  and/or  employment  to  another  country  reflected  in  the  Appendix,  the  terms and conditions for such country will apply to you to the extent the Company determines, in  its sole discretion, that the application of such terms and conditions is necessary or advisable for  legal or administrative reasons.  The Appendix constitutes part of this Agreement.          20.   IMPOSITION  OF OTHER REQUIREMENTS.  The  Company  reserves  the  right  to  impose  other  requirements  on  your  participation  in  the  Plan,  on  the  RSU  Award  and  on  any  shares of Common Stock acquired under the Plan, to the extent the Company determines it is  necessary  or  advisable  for  legal  or administrative  reasons,  and  to  require  you  to  sign  any  additional agreements or undertakings that may be necessary to accomplish the foregoing.          21.   OTHER DOCUMENTS.  You hereby acknowledge receipt of or the right to receive  a  document  providing  the  information  required  by  Rule  428(b)(1)  promulgated  under  the  Securities  Act,  which  includes  the  Prospectus.  In  addition,  you  acknowledge  receipt  of  the  Company’s Trading Policy.         22.   QUESTIONS.  If  you  have  questions  regarding  these  or  any  other  terms  and  conditions applicable to your RSU Award, including a summary of the applicable federal income  tax consequences please see the Prospectus.                                      12.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]                                   APPENDIX                                     TO THE                      ZOOM VIDEO COMMUNICATIONS, INC.                         2019 EQUITY INCENTIVE PLAN                       GLOBAL RSU AWARD AGREEMENT   Capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan  and/or the Global RSU Award Agreement.   Terms and Conditions   This Appendix includes additional terms and conditions that govern the RSU Award granted to  you under the Plan if you are an employee that works or resides outside the U.S. and/or in one of  the countries listed below. If you are a citizen or resident of a country other than the one in which  you  are currently  working  and/or  residing,  transfer  employment  and/or  residency  to  another  country  after  the  date  of  grant, are  a  consultant,  change employment  status to  a  consultant  position, or are considered a resident of another country for local law purposes, the Company  shall, in its discretion, determine the extent to which the special terms and conditions contained  herein  shall  be  applicable  to you.   References  to your Employer  shall  include  any  entity  that  engages your services.   Notifications     This Appendix also includes information regarding exchange controls and certain other issues of  which you should be aware with respect to your participation in the Plan.  The information is  provided solely for your convenience and is based on the securities, exchange control and other  laws in effect in the respective countries as of April 2019.  Such laws are often complex and  change  frequently.   As  a  result,  the  Company  strongly  recommends  that you not  rely  on  the  information noted herein as the only source of information relating to the consequences of your  participation in the Plan because the information may be out of date by the time you vest in the  RSU or sell any shares of Common Stock acquired upon settlement of the vested RSU.     In addition, the information contained in this Appendix is general in nature and may not apply to  your particular situation, and the Company is not in a position to assure you of any particular  result.  Accordingly, you should seek appropriate professional advice as to how the applicable  laws in your country may apply to your situation.   Finally, if you are a citizen or resident of a country other than the one in which you are currently  residing and/or working, transfer to another country after the date of grant, or are considered a  resident of another country for local law purposes, the notifications contained herein may not be  applicable to you in the same manner.                                                                                13.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  AUSTRALIA   Notifications   Tax Conditions.  Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies to  the RSU Award granted under the Plan, such that the RSU Award is intended to be subject to  deferred taxation.     Australian Offer Document. The offering of the Plan in Australia is intended to qualify for an  exemption from the prospectus requirements under Class Order 14/1000 issued by the Australian  Securities and Investments Commission.  Additional details are set forth in the Offer Document  for the offer of RSU Awards to Australian Resident Employees, which was provided to you with  this RSU Award Agreement.    Exchange Control Information.  If you are an Australian resident, exchange control reporting is  required  for  cash  transactions  exceeding  AUD10,000  and  international  fund  transfers.   If  an  Australian bank is assisting with the transaction, the bank will file the report on your behalf.  If  there is no Australian bank involved with the transfer, you will be required to file the report.    CANADA   Terms and Conditions    Termination.   The  following  provision  replaces  Section  5(j)  of  the Global  RSU  Award  Agreement in its entirety:         (j)   In the event of the termination of your Continuous Service (whether or not later  found to be invalid or in breach of employment laws in the jurisdiction where you are employed  or  the  terms  of your employment  agreement,  if  any), unless  otherwise  provided  in  the RSU  Award Agreement or determined by the Company, your right to vest in the RSU Award under  the Plan will terminate effective as of the earlier of (i) the date upon which you cease to provide  services, or (ii) the date upon which you receive a notice of termination and will not in either  case be extended by any contractual notice period in which you do not actively provide services  or any period of pay in lieu of such notice (including, but not limited to Canadian statutory law,  regulatory law and/or common law) mandated under employment laws in the jurisdiction where  you are employed or the terms of your employment agreement, if any; the Plan Administrator  shall  have  the  exclusive  discretion  to  determine  when you  are no  longer  actively  providing  services for purposes of the RSU Award (including whether you may still be considered to be  providing services while on a leave of absence);  The following terms and conditions apply to employees resident in Quebec:    Language.  The parties acknowledge that it is their express wish that this agreement, as well as  all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or  relating directly or indirectly hereto, be drawn up in English.                                       14.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  Les  parties  reconnaissent  avoir  exigé  la  rédaction  en  anglais  de  cette  convention,  ainsi  que  de  tous  documents, avis et procédures judiciaires, exécutés, donnés ou intentés en vertu de, ou liés directement ou  indirectement à, la présente convention.   Data Privacy.  This provision supplements Section 14 of the Global RSU Award Agreement:     You hereby authorize the Company or any Affiliate, including the Employer, and any agents or  representatives  to  (i)  discuss  with  and  obtain  all  relevant  information  from  all  personnel,  professional or non-professional, involved in the administration and operation of the Plan, and  (ii)  disclose  and  discuss  any  and  all  information  relevant  to  the Plan with  their  advisors.  You  further  authorize the  Company  or  any  Affiliate,  including  the  Employer,  and  any  agents  or  representatives to record such information and to keep such information in your employee file.   Notifications   Securities Law Information.  You are permitted to sell shares of Common Stock acquired under  the Plan through the designated broker appointed under the Plan, if any, provided the resale of  shares of  Common  Stock acquired  under  the Plan  takes  place  outside  Canada  through  the  facilities of the exchange on which the shares of Common Stock are then listed.    Foreign  Asset/Account  Reporting  Information.   Canadian  residents  are  required  to  report  any  foreign specified property held outside Canada (including RSU Awards and shares of Common  Stock acquired under the Plan) annually on form T1135 (Foreign Income Verification Statement)  if the total cost of the foreign specified property exceeds CAD 100,000 at any time during the  year.  Thus, if the CAD 100,000 cost threshold is exceeded by other foreign specified property  held by the individual, RSU Awards must be reported (generally at a nil cost). For purposes of  such  reporting, shares of  Common  Stock acquired  under  the  Plan  may  be reported  at  their  adjusted cost basis. The adjusted cost basis of a share is generally equal to the fair market value  of  such  share  at  the  time  of  acquisition;  however,  if you  own other shares of  Common  Stock  (e.g., acquired under other circumstances or at another time), the adjusted cost basis may have to  be  averaged  with  the  adjusted  cost  bases  of  the  other shares  of  Common  Stock.  You should  consult with  your personal  legal  advisor  to  ensure  compliance  with  applicable  reporting  obligations.    CHINA   Terms and Conditions   The following applies only to Participants who are exclusively citizens of the People’s Republic  of China (“PRC”) and who reside in mainland China or Participants who are otherwise subject  to the exchange control laws in China, as determined by the Company in its sole discretion.   Satisfaction  of  Regulatory  Obligations.  The  settlement  of  the  RSU  Award  upon  vesting is  conditioned upon the Company securing and maintaining all necessary approvals from the State  Administration of Foreign Exchange (“SAFE”) and any other applicable government entities in  China to permit the operation of the Plan in China, as determined by the Company it its sole  discretion.  If or to the extent the Company is unable to complete the registration or maintain the                                     15.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  registration,  no  shares  of  Common  Stock  shall  be  issued  under  the  Plan.   In  this  case,  the  Company retains the discretion to settle any RSU Award in cash paid through local payroll in an  amount  equal  to  the  Fair  Market  Value  of  the  shares  of  Common  Stock  subject  to  the  RSU  Award less any Tax-Related Items.   Settlement of RSU Award and Sale of Shares.  To facilitate compliance with local regulatory  requirements, you agree to the sale of any shares of Common Stock to be issued to you upon  vesting and settlement of the RSU Award.  The sale will occur (i) immediately upon the issuance  of shares in settlement of the RSU Award, (ii) following your termination of Continuous Service   from the Company or one of its Affiliates, or (iii) within any other time frame as the Company  determines to be necessary to comply with local regulatory requirements.  You further agree that  the Company is authorized to instruct its designated broker to assist with the mandatory sale of  such shares  (on your behalf  pursuant  to  this  authorization)  and you  expressly  authorize the  Company’s designated broker to complete the sale of such shares.  You acknowledge that the  Company’s designated broker is under no obligation to arrange for the sale of the shares at any  particular price.  Upon the sale of the shares, the Company agrees to pay you the cash proceeds  from the sale, less any brokerage fees or commissions and subject to any obligation to satisfy  Withholding  Taxes.  You  agree that  the  payment  of  the  cash  proceeds  will  be  subject  to  the  repatriation requirements described below.   Designated Broker Account.  You agree that any shares of Common Stock issued to you upon  vesting/settlement  of  the  RSU  Award shall  be  deposited  directly  into  an  account  with  the  Company’s  designated  broker.   The  deposited shares  shall  not  be  transferable  (either  electronically or in certificate form) from the brokerage account.  This limitation shall apply both  to transfers to different accounts with the same broker and to transfers to other brokerage firms.   The limitation shall apply to all shares of Common Stock issued to you under the Plan, whether  or not you remain in Continuous Service with the Company or one of its Affiliates.  Upon sale of  the shares of Common Stock, the repatriation requirements described below shall apply.   Exchange  Control  Restrictions.  You understand  and  agree  that you will  be  required  to  immediately  repatriate  to  China  the  proceeds  from  the  sale  of  any shares  of  Common  Stock  acquired under the Plan.  You further understand that such repatriation of proceeds may need to  be effected through a special bank account established by the Company (or an Affiliate), and you  hereby consent and agree that any sale proceeds or other cash payments received in connection  with the Plan may be transferred to such special account by the Company (or an Affiliate) on  your behalf prior to being delivered to you and that no interest shall be paid with respect to funds  held in such account.     The proceeds may be paid to you in U.S. dollars or local currency at the Company’s discretion.   If the proceeds are paid to you in U.S. dollars, you understand that a U.S. dollar bank account in  China  must  be  established  and  maintained  so  that  the  proceeds  may  be  deposited  into  such  account.  If the proceeds are paid to you in local currency, you acknowledge that the Company  (or its Affiliates) are under no obligation to secure any particular exchange conversion rate and  that the Company (or its Affiliates) may face delays in converting the proceeds to local currency  or distributing the proceeds due to exchange control restrictions.  You agree to bear any currency  fluctuation risk between the time the shares of Common Stock are sold and the net proceeds are  converted into local currency and distributed to you.  You further agree to comply with any other                                    16.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  requirements that may be imposed by the Company (or its Affiliates) in the future in order to  facilitate compliance with exchange control requirements in China.   Administration.  The  Company  (or  its Affiliates)  shall  not  be  liable  for  any  costs,  fees,  lost  interest or dividends or other losses that you may incur or suffer resulting from the enforcement  of the terms of this Appendix or otherwise from the Company’s operation and enforcement of  the Plan, the RSU Award Agreement and this RSU Award in accordance with any Applicable  Laws, rules, regulations and requirements.   FRANCE   Terms and Conditions   Language Consent.  By accepting the RSU Award, you confirm having read and understood the  documents  related  to  the RSU  Award (the  Plan  and  the RSU  Award Agreement)  which  were  provided in the English language.  You accept the terms of these documents accordingly.    Consentement à la Langue Utilisée.  En acceptant l’attribution («RSU Award»), vouz confirmez  avoir lu et compris les documents relatifs à l’attribution (le Plan et le Contrat d’Attribution) qui  ont été remis en anglais. Vous acceptez les termes de ces documents en connaissance de cause.   Notifications   Tax Information.  This RSU Award is not intended to qualify for specific tax and social security  treatment applicable to awards granted under Section L. 225-197.1 to L. 225-197.6 of the French  Commercial Code, as amended.   Foreign  Asset/Account  Reporting  Information.   If you  hold  cash  or  shares of  Common  Stock  outside of France or maintain a foreign bank or brokerage account (including accounts that were  opened and closed during the tax year), you are required to report such assets and accounts to the  French  tax  authorities  on  an  annual  basis  on  a  specified  form,  together  with your income  tax  return. Failure to complete this reporting can trigger significant penalties.    GERMANY   Notifications   Exchange  Control  Information.  Cross-border  payments  in  excess  of  EUR  12,500  must  be  reported monthly to the German Federal Bank (Bundesbank).  If you receive a payment in excess  of EUR 12,500 in connection with the sale of shares of Common Stock acquired under the Plan  or the receipt of any cash dividends, the report must be filed electronically by the fifth day of the  month following the month in which the payment was received. The form of report (Allgemeines  Meldeportal Statistik) can be accessed via the Bundesbank’s website (www.bundesbank.de) and  is available in both German and English.    Foreign  Asset/Account  Reporting  Information.   German  residents  holding shares  of  Common  Stock must notify their local tax office of the acquisition of shares of Common Stock when they  file their returns for the relevant year if the value of the shares of Common Stock exceeds EUR                                    17.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  150,000 or in the unlikely event that the resident holds shares of Common Stock exceeding 10%  of the Company’s share capital.    INDIA   Notifications   Exchange Control Information.  Indian residents are required to repatriate the proceeds from the  sale  of shares  of  Common  Stock to  India  within  specified  timeframes.  You must  retain  the  foreign  inward  remittance  certificate  received  from  the  bank  where  the  foreign  currency  is  deposited  in  the  event  that  the  Reserve  Bank  of  India  or  the  Employer  requests  proof  of  repatriation.  It is your responsibility to comply with these requirements.  Neither the Company  nor the Employer will be liable for any fines or penalties resulting from your failure to comply  with any Applicable Laws.    Foreign  Asset/Account  Reporting  Information.   Indian  residents  are  required  to  declare  any  foreign bank accounts and any foreign financial assets (including shares of Common Stock held  outside  of  India) in  their  annual  tax  returns.   You  are responsible  for  complying  with  this  reporting  obligation  and  should  confer  with your personal  tax  advisor  to  determine your  obligations in this regard.    IRELAND   There are no country-specific provisions.   JAPAN   Notifications   Exchange Control Information.  Japanese residents acquiring shares of Common Stock valued at  more than JPY 100,000,000 in a single transaction must file a Securities Acquisition Report with  the  Ministry  of  Finance  (“MOF”)  through  the  Bank  of  Japan  within  twenty  (20)  days  of  the  acquisition of the shares.   Foreign Asset/Account Reporting Information.  Japanese residents are required to report details  of  any  assets  held  outside  Japan  as  of  December  31st  (including shares  of  Common  Stock  acquired under the Plan), to the extent such assets have a total net fair market value exceeding  JPY 50,000,000.  Such report is due by March 15th each year.  You should consult your personal  legal advisor to ensure compliance with applicable reporting obligations.  NETHERLANDS   There are no country-specific provisions.   SINGAPORE   Terms and Conditions                                     18.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]  Restriction on Sale of Shares.  Shares of Common Stock acquired under the Plan prior to the six  (6)  month  anniversary  of  the date  of  grant  may  not  be  sold  or  otherwise  offered  for  sale  in  Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division  (1) Subdivision (4) (other than section 280) of the Singapore Securities and Futures Act (Chapter  289,  2006  Ed.)  (“SFA”)  or  pursuant  to,  and  in  accordance  with  the  conditions  of,  any  other  applicable provision(s) of the SFA.   Notifications   Securities  Law  Information.  The RSU  Award is being  granted  to you pursuant  to  the  “Qualifying Person” exemption under section 273(1)(f) of the SFA.  The Plan has not been, nor  will it be,  lodged or registered as a prospectus with the Monetary Authority of Singapore.      Chief Executive Officer and Director Notification Obligation.  You acknowledge that if you are  the  Chief  Executive  Officer  (“CEO”)  a  director,  associate  director  or  shadow  director  of  a  Singapore Subsidiary, you are subject to certain notification requirements under the Singapore  Companies Act.  Among these requirements is an obligation to notify the Singapore Subsidiary  in writing when you receive an interest (e.g., RSU Awards or shares of Common Stock) in the  Company or any Subsidiary within two business days of (i) its acquisition or disposal, (ii) any  change in previously disclosed interest (e.g., when the shares of Common Stock are sold), or (iii)  becoming a CEO, director, associate director or shadow director.   UNITED KINGDOM   Terms and Conditions   Withholding  Obligations.  This  provision  supplements  Section 4 of the  Global RSU  Award  Agreement:  Notwithstanding  the  indemnification  provision  in  this  Section  4,  if  you  are  a  director  or  executive officer of the Company (within the meaning of Section 13(k) of the Exchange Act), the  amount of any income tax due but not collected from or paid by you within ninety (90) days of  the end of the U.K. tax year in which an event giving rise to the Tax-Related Items withholding  obligation occurs may constitute an additional benefit to you on which additional income tax and  National  Insurance  Contributions  (“NICs”)  may  be  payable.   You  will  be  responsible  for  reporting  and  paying  any  income  tax  due  on  this  additional  benefit  directly  to  Her  Majesty’s  Revenue  and  Customs  under  the  self-assessment  regime and  for  reimbursing  the  Company  and/or the Employer for the value of any employee NICs due on this additional benefit, which  the  Company  and/or  the  Employer  may  recover  at  any  time  thereafter  by  any  of  the  means  referred to in this RSU Award Agreement.                                                                               19.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]                                  ATTACHMENT II                             2019 EQUITY INCENTIVE PLAN                                      20.  201333570 v6   

 

                                                                   Exhibit 10.2                                                                                                                                                     [Executives]                                 ATTACHMENT III                                                                            PROSPECTUS                                            21.  201333570 v6exhibit103_2019eiprsunon

                                                                   Exhibit 10.3                      ZOOM VIDEO COMMUNICATIONS, INC.       NON-EMPLOYEE DIRECTOR GLOBAL RSU AWARD GRANT NOTICE                           (2019 EQUITY INCENTIVE PLAN)   Zoom Video Communications, Inc. (the “Company”) has awarded you (“the “Participant”) the  number of restricted stock units specified and on the terms set forth below in consideration of  your services (the “RSU Award”).  Your RSU Award is subject to all of the terms and conditions  as set forth herein and in the Company’s 2019 Equity Incentive Plan (the “Plan”) and the Non- Employee  Director Global RSU Award Agreement (the  “Agreement”), both  of which  are  attached hereto and incorporated herein in their entirety.  Capitalized terms not explicitly defined  herein but defined in the Plan or the Agreement shall have the meanings set forth in the Plan or  the Agreement.   Participant:                                                        Date of Grant:                                                      Number of Restricted Stock Units:                                   Consideration:                      Participant’s Services    Vesting Schedule: Subject  to  the  Participant’s  Continuous  Service  through  each  applicable                   vesting date, the restricted stock units subject to the RSU Award will vest                   as follows:                    The restricted stock units vest in substantially equal installments over the                   applicable scheduled length of the term of the Participant’s service on the                   Board  following  the Date  of  Grant (the  “Term”), with  the  vesting  dates                   occurring  quarterly  (measured  from  the  Date  of  Grant)  during  the Term,                   provided  that,  if  the  Annual  Meeting  at  which  the  scheduled  Term ends                   occurs prior to the last scheduled quarterly vesting date, the restricted stock                   units shall become fully vested as of the day immediately preceding such                   Annual Meeting, subject in all cases to the Eligible Director’s Continuous                   Service (as defined in the Plan) through each such vesting date.                      Notwithstanding  the  foregoing,  the RSU  Award will  fully  vest upon (i)                   Participant’s  death  or  Disability  or  (ii) immediately  prior  to  a  Change  in                   Control,  in  each  case subject  to  the Participant’s  Continuous  Service                   through such date.   Issuance Schedule: One share of Common Stock will be issued for each restricted stock unit                   which vests at the time set forth in Section 5 of the Agreement.   Participant  Acknowledgements:  By your  signature  below  or  by  electronic  acceptance  or  authentication in a form authorized by the Company, you understand and agree that:      •  The RSU Award is governed by this Non-Employee Director Global RSU Award Grant        Notice (the  “Grant  Notice”),  and  the  provisions  of  the  Plan  and  the  Agreement,  all  of                                     1.  201353451 v8   

 

                                                                   Exhibit 10.3         which are made a part of this document.  Unless otherwise provide in the Plan, this Grant        Notice  and  the Agreement (together,  the  “RSU  Award  Agreement”)  may  not  be        modified, amended or revised except in a writing signed by you and a duly authorized        officer of the Company.        •  You  have  read  and  are familiar  with  the  provisions  of  the  Plan,  the RSU Award        Agreement and the Prospectus.  In the event of any conflict between the provisions in the        RSU Award Agreement, or the Prospectus and the terms of the Plan, the terms of the Plan        shall control.       •  If you are subject to the Company’s withholding obligations at the time your RSU Award        vests  or  at  the  time  shares  are  issued  in  settlement  of  your  vested  RSU  Award, to  the        fullest  extent  permitted  under  the  Plan  and  applicable  law, any withholding  taxes that        may be applicable to the RSU Award will be satisfied through the sale of a number of the        shares issuable in settlement of the RSU Award as determined in accordance with Section        4 of the Agreement and the remittance of the cash proceeds to the Company. Under the        Agreement, the Company shall make payment from the cash proceeds of this sale directly        to  the  appropriate  taxing  authorities  in  an  amount  equal  to  the  taxes  required  to  be        withheld. The mandatory sale of shares to cover withholding taxes is imposed by the        Company on you in connection with your receipt of this RSU Award.     •  The RSU  Award  Agreement  sets  forth  the  entire  understanding  between you and  the        Company regarding the acquisition of Common Stock and supersedes all prior oral and        written agreements, promises and/or representations on that subject with the exception of:        (i)  other  equity  awards  previously  granted  to  you, and (ii)  any  written  employment        agreement, offer letter, severance agreement, written severance plan or policy, or other        written agreement between the Company and you in each case that specifies the terms        that should govern this RSU Award.    ZOOM VIDEO COMMUNICATIONS, INC.        PARTICIPANT:   By:                                                                                         Signature                               Signature  Title:                                 Date:                                 Date:                                  ATTACHMENTS:   Non-Employee  Director Global  RSU  Award  Agreement,  2019  Equity                Incentive Plan, Prospectus                                           2.  201353451 v8   

 

                                                                   Exhibit 10.3                                   ATTACHMENT I                          ZOOM VIDEO COMMUNICATIONS, INC.                              2019 EQUITY INCENTIVE PLAN               NON-EMPLOYEE DIRECTOR GLOBAL RSU AWARD AGREEMENT         As reflected by your Non-Employee Director Global RSU Award Grant Notice (“Grant  Notice”) Zoom Video Communications, Inc. (the “Company”) has granted you a RSU Award  under  its 2019  Equity  Incentive  Plan (the  “Plan”) for the  number  of restricted  stock  units  as  indicated in your Grant Notice (the “RSU Award”).  The terms of your RSU Award as specified  in the Non-Employee Director Global RSU Award Agreement (the “Agreement”) and the Grant  Notice constitute your “RSU Award Agreement”.  Defined terms not explicitly defined in this  Agreement but defined in the Grant Notice or the Plan shall have the same definitions as in the  Grant Notice or Plan, as applicable.           The terms applicable to your RSU Award are as follows:         1.    GOVERNING PLAN DOCUMENT.  Your RSU Award is subject to all the provisions  of the Plan, including but not limited to the provisions in:               (a)   Section 6 of the Plan regarding the impact of a Capitalization Adjustment,  dissolution, liquidation, or Corporate Transaction on your RSU Award,                (b)   Section  9(e)  regarding  the  Company’s  retained  rights  to  terminate  your  Continuous Service notwithstanding the grant of the RSU Award, and                (c)   Section 8(c) regarding the tax consequences of your RSU Award.    Your RSU  Award is  further  subject  to  all  interpretations,  amendments,  rules  and  regulations,  which may from time to time be promulgated and adopted pursuant to the Plan.  In the event of  any conflict between the RSU Award Agreement and the provisions of the Plan, the provisions  of the Plan shall control.           2.    GRANT OF THE RSU AWARD.  This RSU Award represents your right to be issued  on  a  future  date the  number  of  shares  of  the  Company’s  Common  Stock  that  is  equal  to  the  number of restricted stock units indicated in the Grant Notice subject to your satisfaction of the  vesting  conditions  set  forth  therein (the  “Restricted  Stock  Units”).   Any  additional Restricted  Stock Units that become subject to the RSU Award pursuant to Capitalization Adjustments as set  forth  in  the  Plan and the  provisions  of Section 3 below,  if  any,  shall  be  subject,  in  a  manner  determined by the Board, to the same forfeiture restrictions, restrictions on transferability, and  time and manner of delivery as applicable to the other Restricted Stock Units covered by your  RSU Award.         3.    DIVIDENDS.  You  may  become  entitled  to  receive  payments  equal  to  any  cash  dividends  and  other  distributions  paid  with  respect  to  a  corresponding  number  of  shares  of                                      3.  201353451 v8   

 

                                                                   Exhibit 10.3   Common  Stock  to  be  issued  in  respect  of  the  Restricted  Stock  Units  covered  by  your  RSU  Award.  Any such dividends or distributions shall be subject to the same forfeiture restrictions as  apply to the Restricted Stock Units and shall be paid at the same time that the corresponding  shares are issued in respect of your vested Restricted Stock Units, provided, however, that to the  extent any such dividends or distributions are paid in shares of Common Stock, then you will  automatically be granted a corresponding number of additional Restricted Stock Units subject to  the RSU Award (the “Dividend Units”), and further provided that such Dividend Units shall be  subject  to  the  same  forfeiture  restrictions  and  restrictions  on  transferability,  and  same  timing  requirements for issuance of shares, as apply to the Restricted Stock Units subject to the RSU  Award with respect to which the Dividend Units relate.         4.    WITHHOLDING OBLIGATIONS.               (a)   The provisions of this Section 4 will be applicable if you are subject to the  Company’s withholding obligations at the time your RSU Award vests or at the time shares are  issued in settlement of your vested RSU Award.               (b)   You acknowledge that, regardless of any action taken by the Company, or  if different, the Affiliate employing or engaging you (the “Employer”), the ultimate liability for  all  income  tax  (including  U.S.  federal,  state,  and  local  taxes  and/or  non-U.S.  taxes),  social  insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related  to your participation in the Plan and legally applicable to you (the “Tax-Related Items”) is and  remains  your  responsibility  and  may  exceed  the  amount,  if  any,  actually  withheld  by  the  Company or the Employer.  You further acknowledge that the Company and/or the Employer (i)  make  no  representations or  undertakings  regarding  the  treatment  of  any  Tax-Related  Items  in  connection  with  any  aspect  of  the RSU  Award,  including  the  grant  of  the RSU  Award,  the  vesting of the RSU Award, the issuance of shares in settlement of vesting of the RSU Award, the  subsequent sale of any shares of Common Stock acquired pursuant to the RSU Award and the  receipt  of  any  dividends;  and  (ii)  do  not  commit  to  and  are  under  no  obligation  to  reduce  or  eliminate  your  liability  for  Tax-Related  Items.   Further,  if  you  become  subject to  taxation  in  more  than  one  country,  you  acknowledge  that  the  Company  and/or  the  Employer  (or  former  employer, as applicable) may be required to withhold or account for Tax-Related Items in more  than one country.               (c)   On each vesting date, and on or before the time you receive a distribution  of  the  shares  underlying  your Restricted  Stock  Units,  and  at  any  other  time  as  reasonably  requested  by  the  Company  in  accordance  with Applicable  Law,  you  agree  to  make  adequate  provision for any sums required to satisfy the withholding obligations of the Company or any  Affiliate in  connection  with  any  Tax-Related  Items that  arise  in  connection with  your RSU  Award (the “Withholding Taxes”). The Company shall arrange a mandatory sale (on your behalf  pursuant to your authorization under this section and without further consent) of the shares of  Common  Stock issued  in  settlement  upon  the vesting  of  your Restricted  Stock  Units in  an  amount necessary to satisfy the Withholding Taxes and shall satisfy the Withholding Taxes by  withholding  from  the  proceeds  of  such  sale  (the  “Mandatory  Sell  to  Cover”).  You  hereby  acknowledge and agree that the Company shall have the authority to administer the Mandatory  Sell to Cover arrangement in its sole discretion with a registered broker-dealer that is a member  of the Financial Industry Regulatory Authority (a “FINRA Dealer”) as the Company may select                                     4.  201353451 v8   

 

                                                                   Exhibit 10.3   as  the  agent (the  “Agent”) who  will  sell  on  the  open  market  at  the  then  prevailing  market  price(s), as soon as practicable on or after each date on which your Restricted Stock Units vest,  the  number  (rounded  up  to  the  next  whole  number)  of  the  shares  of  Common  Stock  to  be  delivered  to  you  in  connection  with  the  vesting  of  the Restricted  Stock  Units sufficient  to  generate proceeds to cover (A) the Withholding Taxes that you are required to pay pursuant to  the Plan and this Agreement as a result of the vesting of the Restricted Stock Units (or shares  being issued thereunder, as applicable) and (B) all applicable fees and commissions due to, or  required to be collected by, the Agent with respect thereto any remaining funds shall be remitted  to you.               (d)   If,  for  any  reason,  such  Mandatory  Sell  to  Cover  does  not  result  in  sufficient proceeds to satisfy the Withholding Taxes, the Company or an Affiliate may, in its sole  discretion, satisfy all or any portion of the Withholding Taxes relating to your RSU Award by  any  of  the  following  means  or  by  a  combination  of  such  means:  (i)  withholding  from  any  compensation  otherwise  payable  to  you  by  the  Company  or  an  Affiliate;  (ii)  causing  you  to  tender a cash payment (which may be in the form of a check, electronic wire transfer or other  method  permitted  by  the  Company);  or  (iii)  withholding  shares  of  Common  Stock  from  the  shares of Common Stock issued or otherwise issuable to you in connection with your Restricted  Stock  Units with  a  fair  market  value  (measured  as  of  the  date  shares  of  Common  Stock  are  issued  to  you)  equal  to  the  amount  of  such  Withholding  Taxes;  provided,  however,  that  the  number of such shares of Common Stock so withheld will not exceed the amount necessary to  satisfy  the  Company’s  required  tax  withholding  obligations  using  the  maximum statutory  withholding rates for federal, state, local and foreign tax purposes, including payroll taxes, that  are  applicable to  supplemental  taxable  income;  and  to  the  extent  necessary  to  qualify  for  an  exemption  from  application  of  Section  16(b)  of  the  Exchange  Act,  if  applicable,  such  share  withholding procedure will be subject to the express prior approval of the Company’s Board or  Compensation Committee.               (e)   Unless  the  tax  withholding  obligations  of  the  Company  and/or  any  Affiliate with  respect  to  the Tax-Related  Items are  satisfied,  the  Company  shall  have  no  obligation to deliver to you any Common Stock.               (f)   In  the  event  the  Company’s  obligation  to  withhold  arises  prior  to  the  delivery to you of Common Stock or it is determined after the delivery of Common Stock to you  that the amount of the Tax-Related Items withholding obligation was greater than the amount  withheld by the Company or your Employer, you agree to indemnify and hold the Company and  your  Employer harmless  from  any  failure  by  the  Company or  your  Employer to  withhold  the  proper amount.               (g)   You  acknowledge  that  the  Mandatory  Sell  to  Cover  is  imposed  by  the  Company on you pursuant to the terms of the RSU Award.               (h)   The  Company  may  withhold  or  account  for  Tax-Related  Items  by  considering applicable minimum statutory withholding amounts, or other applicable withholding  rates, including maximum applicable rates in your jurisdiction(s).  If the maximum rate is used,  any over-withheld amount may be refunded to you in cash by the Company or Employer (with  no entitlement to the equivalent in shares of Common Stock), or if not refunded, you may seek a                                     5.  201353451 v8   

 

                                                                   Exhibit 10.3   refund from the local tax authorities.  You must pay to the Company and/or the Employer any  amount  of  Tax-Related  Items  that  the  Company  and/or  the  Employer  may  be  required  to  withhold or account for as a result of your participation in the Plan that cannot be satisfied by the  means previously described.          5.    DATE OF ISSUANCE.                 (a)   The issuance of shares in respect of the Restricted Stock Units is intended  to  comply  with  Treasury  Regulations  Section  1.409A-1(b)(4)  and  will  be  construed  and  administered in such a manner. Subject to the satisfaction of the withholding obligations set forth  in  this  Agreement,  in  the  event  one  or  more  Restricted  Stock  Units  vests,  the  Company  shall  issue to you one (1) share of Common Stock for each Restricted Stock Unit that vests on the  applicable vesting date(s). The issuance date determined by this paragraph is referred to as the  “Original Issuance Date”.                (b)   If  the  Original  Issuance  Date  falls  on  a  date  that  is  not  a  business  day,  delivery shall instead occur on the next following business day.               (c)   The  form  of  delivery  (e.g., a  stock  certificate  or  electronic  entry  evidencing such shares) shall be determined by the Company.          6.    NATURE OF GRANT.  In accepting the RSU Award, you acknowledge, understand  and agree that:               (a)   the Plan is established voluntarily by the Company, it is discretionary in  nature, and may be amended, suspended or terminated by the Company at any time, to the extent  permitted by the Plan;               (b)   the grant of the RSU Award is exceptional, voluntary and occasional and  does  not  create  any  contractual  or  other  right  to  receive future  grants  of RSUs,  other  equity  awards or benefits in lieu of equity awards, even if equity awards have been granted in the past;                (c)   all  decisions  with  respect  to  future  RSU  Awards  or  other  grants,  if  any,  will be at the sole discretion of the Company;               (d)   the RSU Award grant and your participation in the Plan shall not create a  right to employment or be interpreted as forming or amending an employment or service contract  with the Company, the Employer or any Affiliate;               (e)   you are voluntarily participating in the Plan;               (f)   the  RSU  Award  and  any  shares  of  Common  Stock  acquired  under  the  Plan, and the income from and value of same, are not intended to replace any pension rights or  compensation;               (g)   the  RSU  Award  and  any  shares  of  Common  Stock  acquired  under  the  Plan, and the income from and value of same, are not part of normal or expected compensation  for  any  purpose,  including,  without  limitation,  calculating  any  severance,  resignation,                                     6.  201353451 v8   

 

                                                                   Exhibit 10.3   termination, redundancy, dismissal, end-of-service payments, holiday pay, bonuses, long-service  awards, pension or retirement or welfare benefits or similar mandatory payments;               (h)   the  future  value  of  the  shares  of  Common  Stock  underlying  the  RSU  Award is unknown, indeterminable, and cannot be predicted with certainty;               (i)   if the RSU Award vests and you are issued shares of Common Stock, the  value of such shares of Common Stock may increase or decrease in value following the date the  shares are issued; even below the Fair Market Value on the date the RSU Award is granted to  you;               (j)   for  purposes  of  the RSU  Award,  your  Continuous  Service  will  be  considered  terminated  as  of  the  date  you  are  no  longer  actively  providing  services  to  the  Company or one of its Affiliates (regardless of the reason for such termination and whether or  not later found to be invalid or in breach of employment laws in the jurisdiction where you are  employed or the terms of your employment agreement, if any), and unless otherwise expressly  provided in this Agreement or determined by the Company, your right to vest in the RSU Award  under the Plan, if any, will terminate as of such date and in each instance will not be extended by  any notice period or any period of “garden leave” or similar period mandated under employment  laws in the jurisdiction where you are employed or the terms of your employment agreement, if  any); and  the Plan Administrator shall have the exclusive discretion to determine when you are  no longer actively providing services for purposes of the RSU Award (including whether you  may still be considered to be providing services while on a leave of absence);               (k)   no  claim  or  entitlement  to  compensation  or  damages  shall  arise  from  forfeiture  of  the RSU  Award resulting  from  your  termination  of  Continuous  Service  (for  any  reason whatsoever, whether or not later found to be invalid or in breach of employment laws in  the jurisdiction where you are employed, or the terms of your employment agreement, if any);               (l)   unless otherwise agreed with the Company in writing, the RSU Award and  any shares of Common Stock acquired under the Plan, and the income from and value of same,  are not granted as consideration for, or in connection with, any service you may provide as a  director of the Company or any Affiliate; and               (m)   neither the Company, the Employer or any Affiliate shall be liable for any  foreign exchange rate fluctuation between your local currency and the United States Dollar that  may affect the value of the RSU Award or the subsequent sale of any shares of Common Stock  acquired upon settlement of the RSU Award.          7.    TRANSFERABILITY.  Except as otherwise provided in the Plan, your RSU Award  is not transferable, except by will or by the applicable laws of descent and distribution           8.    CORPORATE  TRANSACTION.  Your RSU  Award is  subject  to  the  terms  of  any  agreement  governing  a  Corporate  Transaction  involving  the  Company,  including,  without  limitation, a provision for the appointment of a stockholder representative that is authorized to  act on your behalf with respect to any escrow, indemnities and any contingent consideration.                                      7.  201353451 v8   

 

                                                                   Exhibit 10.3         9.    NO LIABILITY  FOR TAXES.   As a  condition  to  accepting  the RSU  Award,  you  hereby (a) agree to not make any claim against the Company, or any of its Officers, Directors,  Employees or Affiliates related to tax liabilities arising from the RSU Award or other Company  compensation and (b) acknowledge that you were advised to consult with your own personal tax,  financial and other legal advisors regarding the tax consequences of the RSU Award and have  either done so or knowingly and voluntarily declined to do so.         10.   SEVERABILITY.  If any part of this Agreement or the Plan is declared by any court  or  governmental  authority  to  be  unlawful  or  invalid,  such  unlawfulness  or  invalidity  will  not  invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid.  Any  Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid will, if  possible, be construed in a manner which will give effect to the terms of such Section or part of a  Section to the fullest extent possible while remaining lawful and valid.         11.   WAIVER.  You  acknowledge  that  a  waiver  by  the  Company  of  a  breach  of  any  provision of this Agreement shall not operate or be construed as a waiver of any other provision  of this Agreement, or of any subsequent breach of this Agreement.         12.   NO ADVICE REGARDING  GRANT.  The Company is not providing any tax, legal  or  financial  advice,  nor  is  the  Company  making  any  recommendations  regarding  your  participation in the Plan, or your acquisition or sale of the underlying shares of Common Stock.   You  should  consult  with  your  own  personal  tax,  legal  and  financial  advisors  regarding  your  participation in the Plan before taking any action related to the Plan.          13.   LANGUAGE.  You acknowledge that you are sufficiently proficient in the English  language, or have consulted with an advisor who is sufficiently proficient in English, so as to  allow you to understand the terms and conditions of this Agreement.  If you have received this  Agreement  or  any  other  documents  related  to  the  Plan  translated  into  a  language  other  than  English, and if the meaning of the translated version is different than the English version, the  English version will control.          14.   VENUE.   For  purposes  of  any  action,  lawsuit  or  other  proceeding  brought  to  enforce this Agreement, relating to it, or arising from it, the parties hereby submit to and consent  to  the  sole  and  exclusive jurisdiction  of  the  courts  of Santa  Clara  County,  California,  or  the  federal courts for the United States for the Northern District of California, and no other courts  where this grant is made and/or to be performed.         15.   INSIDER TRADING RESTRICTIONS / MARKET ABUSE LAW.  You may be subject  to  insider  trading  restrictions  and/or  market  abuse  laws  based  on  the  exchange  on  which  the  shares of Common Stock are listed and in applicable jurisdictions, including the United States,  your  country  and  the  designated  broker’s  country,  which  may  affect  your  ability  to  accept,  acquire, sell or otherwise dispose of shares of Common Stock, rights to shares of Common Stock  (i.e., RSU Awards) or rights linked to the value of the shares of Common Stock under the Plan  during such times as you are considered to have “inside information” regarding the Company (as  defined by the laws in the applicable jurisdiction(s)).  Local insider trading laws and regulations  may prohibit the cancellation or amendment of orders you placed before you possessed inside  information.  Furthermore, you could be prohibited from (i) disclosing the inside information to                                      8.  201353451 v8   

 

                                                                   Exhibit 10.3   any third party, which may include fellow employees and (ii) “tipping” third parties or causing  them  otherwise  to  buy  or  sell  securities.   Any  restrictions  under  these  laws  or  regulations  are  separate  from  and  in  addition  to  any  restrictions  that  may  be  imposed  under  the  Company’s  Trading Policy, or any other applicable insider trading policy then in effect.  You acknowledge  that  you  are  responsible  for  complying  with  any  applicable  restrictions  and  are  encouraged  to  speak with your personal legal advisor for further details regarding any applicable insider-trading  and/or market-abuse laws in your country.          16.   FOREIGN ASSET/ACCOUNT, EXCHANGE  CONTROL  AND TAX  REPORTING.  You  may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a  result of the acquisition, holding and/or transfer of shares of Common Stock or cash (including  dividends and the proceeds arising from the sale of shares of Common Stock) derived from your  participation  in  the  Plan  in,  to  and/or  from  a  brokerage/bank  account  or  legal  entity  located  outside your country.  The Applicable Laws in your country may require that you report such  accounts, assets and balances therein, the value thereof and/or the transactions related thereto to  the applicable authorities in such country. You may also be required to repatriate sale proceeds  or other funds received as a result of your participation in the Plan to your country through a  designated bank or broker within a certain time after receipt.  You acknowledge that it is your  responsibility to be compliant with such regulations and you are encouraged to consult with your  personal legal advisor for any details.          17.   IMPOSITION  OF OTHER REQUIREMENTS.  The  Company  reserves  the  right  to  impose  other  requirements  on  your  participation  in  the  Plan,  on  the  RSU  Award  and  on  any  shares of Common Stock acquired under the Plan, to the extent the Company determines it is  necessary  or  advisable  for  legal  or  administrative  reasons,  and  to  require  you  to  sign  any  additional agreements or undertakings that may be necessary to accomplish the foregoing.          18.   OTHER DOCUMENTS.  You hereby acknowledge receipt of or the right to receive  a  document  providing  the  information  required  by  Rule  428(b)(1)  promulgated  under  the  Securities  Act,  which  includes  the  Prospectus.  In  addition,  you  acknowledge  receipt  of  the  Company’s Trading Policy.         19.   QUESTIONS.  If  you  have  questions  regarding  these  or  any  other  terms  and  conditions applicable to your RSU Award, including a summary of the applicable federal income  tax consequences please see the Prospectus.                                       9.  201353451 v8   

 

                                                                   Exhibit 10.3                                   ATTACHMENT II                             2019 EQUITY INCENTIVE PLAN                                      10.  201353451 v8   

 

                                                                   Exhibit 10.3                                  ATTACHMENT III                                                                            PROSPECTUS                                         11.  201353451 v8

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