Document:

Prepared by R.R. Donnelley Financial -- Oracle Corporation 1993 Deferred Comp

  
 EXHIBIT 4.02 
  
  
  
  
 ORACLE CORPORATION 
 1993 DEFERRED COMPENSATION PLAN 
  
 (Amended and Restated as of
November 15, 2000) 

  
 TABLE OF CONTENTS 
  
 
	 
	 Plan Provisions
 	  	 Page
 
	 
	 Section 1 –
 	  	 Definitions
 	  	 1
 
	 
	 Section 2 – 
 	  	 Eligibility
 	  	 2
 
	 
	 Section 3 –
 	  	 Deferred Compensation
 	  	 3
 
	 
	 Section 4 –
 	  	 Designation of Beneficiary
 	  	 6
 
	 
	 Section 5 –
 	  	 Change in Control
 	  	 6
 
	 
	 Section 6 – 
 	  	 Trust Provisions
 	  	 6
 
	 
	 Section 7 –
 	  	 Amendment and Termination
 	  	 7
 
	 
	 Section 8 –
 	  	 Administration
 	  	 7
 
	 
	 Section 9 –
 	  	 General and Miscellaneous
 	  	 8
 
	 
	 Appendices
 	  	  	  	  
	 
	 Appendix 1
 	  	 Distribution Election
 	  	 10
 
	 
	 Appendix 2
 	  	 Beneficiary Designation
 	  	 11
 

 

  
 ORACLE CORPORATION 
 1993 DEFERRED COMPENSATION PLAN 
  
 (Amended and Restated as of November 15, 2000)

  
 Oracle Corporation, a Delaware Corporation (referred to hereafter as “Employer”) hereby establishes an unfunded plan for
the purpose of providing deferred compensation for a select group of management and highly compensated employees. 
  
  
 RECITALS 
  
 WHEREAS, those employees identified by the Compensation Committee of the
Board of Directors of Employer or any other committee designated by the Board of Directors of Employer to administer this Plan in accordance with Section 8 hereof (hereinafter referred to as the “Committee”) as eligible to participate in
this Plan (each of whom are referred to hereafter as the “Employee” or collectively as the “Employees”) are employed by Employer; 
  
 WHEREAS, Employer desires to adopt an unfunded deferred compensation plan and the Employees desire Employer to pay certain deferred compensation and/or related benefits to or for the benefit of Employees, or a designated Beneficiary,
or both; and 
  
 NOW THEREFORE, Employer hereby establishes this deferred compensation plan. 
  
  
 SECTION 1 
 DEFINITIONS 
  
 1.1      “Account” shall mean the
separate account(s) established under this Plan and the Trust for each participating Employee. Statements of a Participant’s account balance will be made available electronically. 
  
 1.2      “Base Salary” shall mean an Employee’s regular compensation without reduction for compensation deferred pursuant to
all qualified and non-qualified plans of Employer, but excluding all of the following: bonuses, commissions, overtime, incentive payments, non-monetary awards, and other special compensation. 
  

1.3      “Beneficiary” shall mean the Beneficiary designated by the Employee to receive Employee’s deferred compensation
benefits in the event of his or her death. 
  
 1.4      “Change in Control”
shall have the meaning set forth in Section 5.1 hereof. 
  
 1.5      “Code”
shall mean the Internal Revenue Code of 1986, as it may be amended from time to time, and the rules and regulations promulgated thereunder. 

  
 1.6      “Committee” shall mean the
Compensation Committee of the Board of Directors of Employer or any other committee designated by the Board of Directors of Employer to administer this Plan in accordance with Section 8 hereof. 
  

1.7      “Employee” shall mean each Employee of Employer designated by Employer to be entitled to deferred compensation
pursuant to this Plan; references to Employee herein shall include references to an Employee’s Beneficiary where the context so requires. 
  
 1.8      “Employer” shall mean Oracle Corporation, a Delaware Corporation, and any successor organization thereto. 
  
 1.9      “Hardship” shall have the meaning set forth in Section 3.5 hereof. 

 
 1.10    “Plan” shall mean the Oracle Corporation 1993 Deferred Compensation Plan, as amended.

  
 1.11    “Permanent Disability” shall mean that the Employee is unable to engage in
any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or otherwise meets the definition of “Permanent Disability” as set forth in Employer’s Long
Term Disability Plan. An Employee will not be considered to have a Permanent Disability unless he or she furnishes proof of such condition sufficient to satisfy Employer, in its sole discretion. 
  

1.12    “Trust” or “Trust Agreement” shall mean the Oracle Corporation 1993 Deferred Compensation Plan Trust Agreement,
including any amendments thereto, entered into between Employer and the Trustee to carry out the provisions of the Plan. 
  
 1.13    “Trust Fund” shall mean the cash and other properties held and administered by Trustee pursuant to the Trust to carry out the provisions of the Plan. 
  
 1.14    “Trustee” shall mean the designated Trustee acting at any time under the Trust. 

 
 1.15    “Variable compensation” shall mean bonuses and commissions. 
  
  
 SECTION 2 
 ELIGIBILITY 
  
 2.1      Eligibility.    Excepting the first year of the Plan, eligibility to participate in the Plan in a calendar year shall be limited to Employees of Employer who are selected by
the Committee (or its designee), in its sole discretion, which Employees generally shall either be Employees (i) whose annualized base salary in United States Dollars determined as of September 30 of the prior calendar year equals or exceeds
$150,000, or (ii) who participated in the Plan in the prior calendar year. The Committee also may select for 
 

 2 

  
 eligibility an Employee whose base salary reaches $150,000 in a given year. For purposes of this Section
2.1, “base salary” means an Employee’s regular compensation without reduction for compensation deferred pursuant to all qualified and non-qualified plans of Employer, but excluding all of the following: bonuses, commissions, overtime,
incentive payments, non-monetary awards, and other special compensation. 
  
  
 SECTION 3 
 DEFERRED COMPENSATION 
  
 3.1      Deferred Compensation.    Participation in the Plan shall commence once the employee has made a deferral election. Deferral of compensation
under the Plan shall not commence until the Employee has complied with the election procedures set forth in Section 3.3. Each participating Employee may elect, in accordance with Section 3.3 of this Plan, to defer annually the receipt of a
percentage of the base salary and variable compensation otherwise payable to him or her by Employer during each calendar year or portion of a calendar year that the Employee shall be employed by Employer. Any base salary or variable compensation
deferred pursuant to this Section shall be recorded by Employer in an Account, maintained in the name of the Employee, which Account shall be credited with a dollar amount equal to the total amount of base salary and/or variable compensation
deferred during each calendar year under the Plan together with deemed earnings thereon credited in accordance with Section 3.7. The percentage of base salary and variable compensation that Employee elects to defer under this Section 3.1 will remain
constant until suspended or modified by the filing of another election with Employer by the Employee in accordance with Section 3.3 of the Plan. 
  
 3.2      Payment Of Account Balances.    (a) The Employee shall elect whether he or she will receive distribution(s) from his or her Account (i) upon
reaching age 591⁄2, or (ii) upon termination of employment of Employee with Employer. The Employee also shall elect whether distribution(s) of the amounts credited to Employee’s Account, including earnings (if any) credited thereto pursuant
to Section 3.7, will be in a lump sum, or in installments over a period of five (5) years or ten (10) years. Such elections shall be made at the time that the Employee first elects to defer compensation under the Plan. The Employee’s
distribution elections shall be on forms (whether paper or electronic) furnished by the Committee. If no distribution election is made, the amounts credited to a participant’s account will be distributed in a lump sum on the first distribution
date, as set forth in section 3.2(d), after termination of employment. A participant may make a total of no more than three changes to his or her distribution election. Any change in distribution election will apply to all amounts in the
Employee’s Account, whether related to deferrals of compensation for years before or after January 1, 1997. A change in distribution election shall be made on forms (whether paper or electronic) furnished by the Committee and will be effective
only if the change in distribution election has been in effect for at least one year before the occurrence of the event specified both in the original election and in the change of election as triggering distribution. 
 

 3 

  
 (b)    Upon the death of Employee after the date of
termination of employment with Employer but before complete distribution to him or her of the entire balance of his or her Account, Employer may, in the sole discretion of the Committee, pay the balance of his or her Account(s) to Employee’s
designated Beneficiary in the form of one lump sum payment (notwithstanding any election to receive distributions under clause (i) of Section 3.2(a) or in installments). 
  
 (c)    Notwithstanding any other provision of this Plan, upon termination of Employee’s employment with Employer by reason of death, the Employer
shall distribute in a lump sum to Employee or Employee’s designated Beneficiary all amounts credited to the Employee’s Account. Notwithstanding any other provision of this Plan, upon termination of Employee’s employment with Employer,
other than by reason of death, Employer may, in the sole discretion of the Committee, distribute to Employee or Employee’s designated Beneficiary all amounts credited to the Employee’s Account. 
  
 (d)    A distribution shall be made or commence on the seventeenth (17th) day of the month (or the first business day
after the seventeenth) following the calendar quarter in which the event triggering a distribution under any of the foregoing subsections of this Section 3.2 occurs. Subsequent distributions, if any, shall be made on each quarter-annual anniversary
date of the date of the first distribution. Each such distribution, if any, shall include interest or other earnings credited to the balance of an Employee’s Account remaining unpaid. 
  
 3.3      Election To Defer Compensation.    The Employee’s election to defer compensation as provided in Section 3.1
of this Plan shall be made on forms (whether paper or electronic) furnished by the Committee. The deferral election must be made at least twenty (20) days prior to January 1 of the calendar year in which the compensation to be deferred is otherwise
payable to Employee; provided, however, that the Committee shall have the discretion to designate a different election period in any year so long as such election period expires prior to January 1 of the calendar year in which the compensation to be
deferred is otherwise payable to Employee. In the case of a newly eligible Employee, the election must be made within thirty (30) days of the date it is determined that the Employee is eligible. In the case of a newly eligible Employee, the election
will be effective for the calendar quarter after the election is made. Such deferral election (and any subsequent election) will continue until suspended or modified on a form (whether paper or electronic) furnished by the Committee, which new
election shall only apply to compensation otherwise payable to Employee after the end of the calendar year in which such election is delivered to Employer. Any deferral election made by Employee shall be irrevocable with respect to any compensation
covered by such election, including the compensation payable in the calendar year in which the election suspending or modifying the prior deferral election is delivered to Employer. Absent a suspension or modification election, such original
election shall remain in effect from year to year until the date for distribution of the Employee’s Account under Section 3.2. Employer shall withhold the percentage of base salary specified to be deferred for each payroll period and shall
withhold the percentage of variable compensation specified to be deferred at the time or times such variable compensation is or otherwise would be paid to the Employee. 
 

 4 

  
 3.4      Payment Upon Change in
Control.    Notwithstanding any other provisions of this Plan, the aggregate balance credited to and held in the Employee’s Account shall be distributed to the Employee in a lump sum within thirty (30) days of a Change in
Control, as defined in Section 5.1. 
  
 3.5      Hardship.    In
case of an unforeseeable emergency, a participant may request the Committee, on a form to be provided by the Committee or its delegate, that payment be made earlier than the date to which it was deferred or that there be a cessation of deferrals
under the Plan. 
  
 For purposes of this section 3.5, an “unforeseeable emergency” shall be limited to a
severe financial hardship to the participant resulting from a sudden and unexpected illness or accident of the participant or of a dependent (as defined in section 152(a) of the Code) of the participant, loss of the participant’s property due
to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the participant. The circumstances that will constitute an unforeseeable emergency will depend upon the facts of each
case, but, in any case, payment may not be made and a cessation of deferral may not occur to the extent that such hardship is or may be relieved: (i) through reimbursement or compensation by available insurance or otherwise or (ii) by liquidation of
the participant’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship. Moreover, payment of a deferred amount may not be made ahead of the date to which the amount was deferred to the extent
that such hardship is or may be relieved by cessation of deferrals under the Plan. 
  
 The Committee shall consider
any requests for payment under this Section 3.5 on a uniform and nondiscriminatory basis and in accordance with the standards of interpretation described in section 457 of the Code and the regulations thereunder. In the event there is a payment or a
cessation of deferrals under this Section 3.5, the participant shall be ineligible to make further Deferral Elections for one year from the date of the Committee action approving the payment or cessation of deferral. 
  
 3.6      Employee’s Rights Unsecured.    The right of the Employee or his or her
designated Beneficiary to receive a distribution hereunder shall be an unsecured claim against the general assets of Employer, and neither the Employee nor his or her designated Beneficiary shall have any rights in or against any amount credited to
his or her Account or any other specific assets of Employer. The plan constitutes a mere promise by the Employer to make benefit payments in the future. 
  
 3.7      Investment of Contribution.    All amounts credited to an Account shall be credited throughout the year with the deemed earnings thereon,
which may be positive or negative (hereinafter and previously sometimes referred to as “interest or other earnings”) pursuant to the Employee’s election as to investment return, until the Account has been fully distributed to the
Employee or to the Beneficiary designated by the Employee in a writing delivered to Employer. 
 

 5 

  
  
 SECTION 4 
 DESIGNATION OF BENEFICIARY 
  
 4.1      Designation of Beneficiary.    Employee may designate a Beneficiary to receive any amount due hereunder by Employee via written notice thereof to Employer at any time prior
to his or her death and may revoke or change the Beneficiary designated therein by written notice delivered to Employer at any time and from time to time prior to Employee’s death, provided that any such designation or change of designation
naming a Beneficiary other than the Employee’s spouse shall be effective only if spousal consent is provided. If Employee shall have failed to designate a Beneficiary, or if no such Beneficiary shall survive him or her, then such amount shall
be paid to the Employee’s estate. Designation of Beneficiary shall be in the form attached hereto as Appendix 2. 
  
  
 SECTION 5 
 CHANGE IN CONTROL 
  
 5.1      Change in Control.    For purposes of this Plan, a Change in Control shall mean (a) the purchase or other
acquisition by any person, entity, or group of persons, within the meaning of section 13(d) or 14(d) of the Securities Exchange Act of 1934 (“Act”), or any comparable successor provisions, of beneficial ownership (within the meaning of
Rule 13d-3 promulgated under the Act) of fifty percent (50%) or more of either the outstanding shares of common stock or the combined voting power of Employer’s then outstanding voting securities entitled to vote generally, or (b) the approval
by the stockholders of Employer of a reorganization, merger, or consolidation, in each case, with respect to which persons who were stockholders of Employer immediately prior to such reorganization, merger or consolidation do not, immediately
thereafter, own more than fifty percent (50%) of the combined voting power entitled to vote generally in the election of directors of the reorganized, merged or consolidated Employer’s then outstanding securities, or a liquidation or
dissolution of Employer or of the sale of all or substantially all of Employer’s assets. 
  
  
 SECTION 6 
 TRUST PROVISIONS 
  
 6.1      Trust Agreement.    Employer may establish the Trust for the purpose of retaining assets set aside by Employer pursuant to the Trust Agreement
for payment of all or a portion of the amounts payable pursuant to the Plan. Any benefits not paid from the Trust shall be paid from Employer’s general funds, and any benefits paid from the Trust shall be credited against and reduce by a
corresponding amount Employer’s liability to Employees under the Plan. All Trust Funds shall be subject to the claims of general 
 

 6 

  
 creditors of Employer in the event Employer is Insolvent as defined in Section 3 of the Trust Agreement.
The obligations of Employer to pay benefits under the Plan constitute an unfunded, unsecured promise to pay and Employees shall have no greater rights than general creditors of Employer. It is Employer’s intention that the arrangements be
unfunded for tax purposes and for purposes of Title I of ERISA. 
  
  
 SECTION 7

 AMENDMENT AND TERMINATION 
  
 7.1      Amendment.    The Committee shall have the right to amend this Plan at any time and from time to time, including a retroactive amendment. Any such amendment shall become
effective upon the date stated therein, and shall be binding on all Employees, except as otherwise provided in such amendment; provided, however, that said amendment shall not affect benefits adversely to the affected Employee without the
Employee’s written approval. Benefits accruing to an Employee pursuant to any employment agreement in effect between Employer and Employee which entitles the Employee to participate in and to certain rights under this Plan shall not be affected
by an amendment of this Plan. 
  
  
 SECTION 8 
 ADMINISTRATION 
  
 8.1      Administration.    The Committee shall have complete authority to administer the Plan, interpret the terms of the Plan, determine eligibility of Employees to participate in
the Plan, reduce the amount to be deferred under the Plan as to any Employee, and make all other determinations and take all other actions in accordance with the terms of the Plan and the Trust Agreement. Any determination or decision by the
Committee shall be conclusive and binding on all persons who at any time have or claim to have any interest whatever under this Plan. 
  
 8.2      Liability of Committee, Indemnification.    To the extent permitted by law, the Committee shall not be liable to any person for any action taken or omitted in
connection with the interpretation and administration of this Plan unless attributable to his or her own bad faith or willful misconduct. 
  
 8.3      Expenses.    The costs of the establishment of the Plan and the adoption of the Plan by Employer, including but not limited to legal and accounting fees, shall be
borne by Employer. The expenses of administering the Plan shall be borne by the Trust; provided, however, that Employer shall bear, and shall not be reimbursed by, the Trust for any tax liability of Employer associated with the investment of assets
by the Trust. 
 

 7 

  
 SECTION 9 
 GENERAL AND MISCELLANEOUS 
  
 9.1      Rights Against
Employer.    Except as expressly provided by the Plan, the establishment of this Plan shall not be construed as giving to any Employee or to any person whomsoever, any legal, equitable or other rights against Employer, or against
its officers, directors, agents or shareholders, or as giving to any Employee or Beneficiary any equity or other interest in the assets, business or shares of Employer stock or giving any Employee the right to be retained in the employment of
Employer. All Employees shall be subject to discharge (with or without cause) to the same extent they would have been if this Plan had never been adopted. The rights of an Employee hereunder shall be solely those of an unsecured general creditor of
Employer. Nothing in the Plan should be construed to require any contributions to the Plan on behalf of an Employee by Employer. 
  
 9.2      Assignment or Transfer.    No right, title or interest of any kind in the Plan shall be transferable or assignable by any Employee or Beneficiary or be subject to alienation,
anticipation, sale, pledge, encumbrance, garnishment, attachment, execution or levy of any kind, whether voluntary or involuntary, nor subject to the debts, contracts, liabilities, engagements, or torts of the Employee or Beneficiary. Any attempt to
alienate, anticipate, encumber, sell, transfer, assign, pledge, garnish, attach or otherwise subject to legal or equitable process or encumber or dispose of any interest in the Plan shall be void. 
  
 9.3      Severability.    If any provision of this Plan shall be declared illegal or
invalid for any reason, said illegality or invalidity shall not affect the remaining provisions of this Plan but shall be fully severable, and this Plan shall be construed and enforced as if said illegal or invalid provision had never been inserted
herein. 
  
 9.4      Construction.    The article and section
headings and numbers are included only for convenience of reference and are not to be taken as limiting or extending the meaning of any of the terms and provisions of this Plan. Whenever appropriate, words used in the singular shall include the
plural or the plural may be read as the singular. When used herein, the masculine gender includes the feminine gender. 
  
 9.5      Governing Law.    The validity and effect of this Plan and the rights and obligations of all persons affected hereby shall be construed and determined in accordance with the
laws of the State of California unless superseded by federal law, which shall govern correspondingly. 
  
 9.6      Payment Due to Incompetence.    If the Committee receives evidence that an Employee or Beneficiary entitled to receive any payment under the Plan is physically or mentally
incompetent to receive such payment, the Committee may, in its sole and absolute discretion, direct the payment to any other person or Trust which has been legally appointed by the courts. 
  
 9.7      Taxes.    All amounts payable hereunder shall be reduced by any and all federal, state, local, and employment
taxes imposed upon Employee or his or her Beneficiary which are required to be paid or withheld by Employer. Amounts deferred will be taken into account for purposes of any tax or withholding obligation under the 
 

 8 

  
 Federal Insurance Contribution Act and Federal Unemployment Tax Act, not in the year distributed, but at
the later of the year the services are performed or the year in which the rights to the amounts are no longer subject to a substantial risk of forfeiture, as required by sections 3121(v) and 3306(r) of the Code and the regulations thereunder.
Amounts required to be withheld pursuant to sections 3121(v) and 3306(r) of the Code shall be withheld out of other current wages paid by Employer. The determination of Employer regarding applicable income and employment tax withholding requirements
shall be final and binding on Employee. 
  
 9.8      Insurance.    In the event that any Employee elects, in his or her sole discretion, to independently purchase an insurance policy covering the inability of the Plan or the
Trust to make any payments to which Employee is entitled under the Plan or the Trust, Employer shall use its best efforts to facilitate the payment by Employee of any excise taxes which become due as the result of the payment of premiums under such
policy. Nothing contained herein shall be construed as an endorsement by Employer of the purchase of such a policy or a recommendation by Employer that the purchase of such a policy is necessary or desirable as the result of Employee’s
participation in the Plan. 
 

 9 

  
 APPENDIX 1 
  
 DISTRIBUTION ELECTION 
  
 Pursuant to Section 3.3 of the Oracle
Corporation 1993 Deferred Compensation Plan (the “Plan”), I hereby elect to have all amounts credited to my Account, together with any interest or other earnings credited thereon, distributed to me on the terms elected below: 

 
 I.        Check one of the following: 
  
 
	 
	              Initial Distribution Election
 	    	              Change in Distribution Election
 

 
  
 II.       I elect to have distributions of all amounts
credited to Accounts covered by this Plan paid to me beginning as follows (check one): 
  
              upon reaching age 59 1/2. 
  
              upon termination of employment. 
  
 III.     I elect to have distribution of all amounts credited to Accounts covered by this Plan paid to me in the following form (check one): 
  
              a lump sum. 
  
              an annuity of twenty (20) quarter-annual installments determined as of each installment date
by dividing the entire amount in my Account (including interest and other earnings) by the number of installments then remaining to be paid. 
  
              an annuity of forty (40) quarter-annual installments determined as of each installment date by dividing the entire amount
in my Account (including interest and other earnings) by the number of installments then remaining to be paid. 
  
 NOTE:    A participant’s ability to change his or her distribution election is limited. An Employee’s distribution election can be changed a total of only three times. Any change in distribution
election will apply to all amounts credited to the Employee’s Account and will be effective only if in place for at least one year before the occurrence of the event specified in the change of distribution election as triggering the beginning
of the distribution. 
  
 NOTE.    Under the State Taxation of Pension Act of 1995, California is precluded from
taxing amounts deferred under the Oracle Corporation Executive Deferred Compensation Plan (the “Plan”) if you (i) elect an annuity of forty (40) quarter-annual installments and (ii) reside in a state other than California when you receive
your distributions. Consequently, if you expect to be residing in a state with no individual income tax (such as Washington, Nevada, Florida, New Hampshire), or a low rate of individual income tax, when you receive your distributions, there may be
significant state tax saving to you if you elect to receive the distributions in 40 quarter-annual installments. 
  
 
	 
	 Signed:
 	 	  
  ______________________________________
 	 	 Date:
 	 	  ______________________________________
 
	 
	 Name:
 	 	  
  ______________________________________
 	 	 Employee Number:
 	 	  
  ______________________________________
 

 
 

 10 

  
 APPENDIX 2 
  
 BENEFICIARY DESIGNATION 
  
 In the event I should die prior to
the receipt of all money accrued to my credit under this election, I elect to have the balance paid to the following named individual(s) in the following percentage(s): 
  
 

	 Percent
 	 	 Name
 	  	 Soc. Sec. #
 	  	 (P)rimary or
 (S)econdary
 
	
	
	
	
	
	
	

	  	 	  	  	  	  	  
	
	
	
	
	
	
	

	  	 	  	  	  	  	  
	
	
	
	
	
	
	

	  	 	  	  	  	  	  
	
	
	
	
	
	
	

	  	 	  	  	  	  	  
	
	
	
	
	
	
	

	  	 	  	  	  	  	  
	
	
	
	
	
	
	

 
  
 
	 
	 Signed:
 	 	  
                                      
                                        
               
 	 	 Date:
 	 	  
                                      
                                        
               
 
	 
	 Name:
 	 	  
                                      
                                        
               
 	 	  	 	  

 
  
 To be completed only if I am married and any above named beneficiary is not my spouse:

  
 I, as the spouse of
                                        ,
do hereby consent to designation of any beneficiary that might in any way impair my rights under applicable state law, including but not limited to, laws relating to Community Property, Wills, Trusts, and Intestacy. 
  
 
	 
	 Signed:
 	 	  
                                      
                                        
               
 	 	 Date:
 	 	  
                                      
                                        
               
 
	 
	 Name:
 	 	  
                                      
                                        
               
 	 	  	 	  

 
  
  
 
	 
	 Notary:
 	 	                                      
                                        
               
 	 	 Date:
 	 	  
                                      
                                        
               
 

 
 

 11Prepared by R.R. Donnelley Financial -- Oracle Corporation Employee Stock Purchase Plan

  
 EXHIBIT 10.01 
  
 ORACLE CORPORATION 
 EMPLOYEE STOCK PURCHASE PLAN (1992) 
 As adopted August 24, 1992 and amended to date 
  
 1.    PURPOSE 
  
         This Employee Stock Purchase
Plan (the “Plan”) is established to provide employees of Oracle Corporation, a Delaware corporation (“Oracle”), and Participating Subsidiaries and Participating Affiliates, as hereinafter defined (together, the
“Company”), with an opportunity to purchase Common Stock, $0.01 par value, of Oracle through accumulated payroll deductions. It is the intention of Oracle to have the Plan qualify as an “Employee Stock Purchase Plan” under
Section 423 of the Internal Revenue Code of 1986, as amended (the “Code”). The provisions of the Plan shall, accordingly, be construed so as to extend and limit participation in a manner consistent with the requirements of that section of
the Code. In addition, this Plan document authorizes the grant of options under a non-423 plan which do not qualify under Section 423 of the Code pursuant to rules, procedures or sub-plans adopted by the Company designed to achieve desired tax or
other objectives in particular locations outside the United States. The term “Plan” used herein applies to both the Section 423 plan and the non-423 plan. 
  
 2.    DEFINITIONS 
  

	 	(a)
	 
	“Affiliate” means (i) any Subsidiary and (ii) any other entity in which Company has an equity interest. 
 

 

	 	(b)
	 
	“Board” means the Board of Directors of Oracle or committees appointed by such Board. 
 

  

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

  

	 	(d)
	 
	“Common Stock” means the Common Stock, $0.01 par value, of Oracle. 
 

  

	 	(e)
	 
	“Company” means, together, Oracle, Participating Subsidiaries and Participating Affiliates. 
 

  

	 	(f)
	 
	“Compensation” means all base salary, wages, commissions, overtime, shift premiums and bonuses, plus draws against commissions. 

  

	 	(g)
	 
	“Current Offering Period” has the meaning set forth in Section 6 hereof. 
 

  

	 	(h)
	 
	“Employee” means any person, including an officer, who is customarily employed for more than twenty (20) hours per week and more than five (5)
months in a calendar year by the Company. In the case of individuals who perform services for the Company in jurisdictions in which local law prohibits the Company from discriminating in its granting of benefits on the basis of number of hours
worked, the determination of who is an employee shall be made without regard to the number of hours worked. 
 

 

 1 

  

	 	(i)
	 
	“Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 

  

	 	(j)
	 
	“Exercise Date” means the last day of each Offering Period of the Plan. 
 

  

	 	(k)
	 
	“New Exercise Date” has the meaning set forth in Section 18 hereof. 
 

  

	 	(l)
	 
	“1987 Plan” means Oracle’s Employee Stock Purchase Plan (1987), as amended. 
 

  

	 	(m)
	 
	“Offering Date” means the first day of each Offering Period of the Plan. 
 

  

	 	(n)
	 
	“Offering Period” has the meaning set forth in Section 4 hereof. 
 

  

	 	(o)
	 
	“Oracle” means Oracle Corporation, a Delaware corporation. 
 

  

	 	(p)
	 
	“Participating Affiliate” means any Affiliate designated by Oracle as participating in the Plan for purposes of the grant of options that do
not qualify under Section 423 of the Code pursuant to rules, procedures or sub-plans adopted by the Board designed to achieve desired tax or other objectives in particular locations outside the United States. 
 

 

	 	(q)
	 
	“Participating Subsidiaries” means any Subsidiary which has not been excluded by the Board in its sole discretion as eligible to participate in
the Plan. 
 

  

	 	(r)
	 
	“Plan” means this Employee Stock Purchase Plan. 
 

  

	 	(s)
	 
	“Reserves” has the meaning set forth in Section 18 hereof. 
 

  

	 	(t)
	 
	“Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, or any successor provision. 
 

  

	 	(u)
	 
	“Section 16(b)” means Section 16(b) of the Exchange Act, or any successor provision. 
 

  

	 	(v)
	 
	“Subsidiary” means any corporation (other than Oracle) in an unbroken chain of corporations beginning with Oracle if, at the time of granting
options under the Plan, each of the corporations (other than the last corporation) in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

 

 

 2 

  
 3.    ELIGIBILITY 
  

        (a)  Any Employee who shall be employed by the Company on the date his or her participation in the Plan is effective shall be
eligible to participate in the Plan, subject to limitations imposed by Section 423(b) of the Code, without regard to paragraph (4) of that section. 
  
         (b)  Any provisions of the Plan to the contrary notwithstanding, no Employee shall be granted an option under the Plan (i) if, immediately after the grant, such Employee (or
any other person whose stock would be attributed to such Employee pursuant to Section 424(d) of the Code) would own stock and/or hold outstanding options to purchase stock possessing five percent (5%) or more of the total combined voting power or
value of all classes of stock of Oracle or of any Subsidiary of Oracle, or (ii) which permits his or her rights to purchase stock under all employee stock purchase plans of Oracle and its Subsidiaries to accrue at a rate which exceeds Twenty-Five
Thousand Dollars ($25,000) of fair market value of such stock (determined at the time such option is granted) for each calendar year in which such option is outstanding at any time. 
  
 4.    OFFERING PERIODS 
  
         The Plan shall be implemented by two offerings during each year of the Plan, commencing on or about October 1 and April 1 of each year, or as otherwise determined by the Board, and
continuing thereafter for a period of six (6) months (each, an “Offering Period”). The first Offering Period under the Plan shall commence on October 1, 1992. The Board shall have the power to change the duration of Offering Periods (both
before and after any such Offering Period has commenced) with respect to future offerings without stockholder approval. In no event, however, will any such Offering Period be longer than twenty-seven (27) months. 
  
 5.    PARTICIPATION 
  
         (a)  An eligible Employee may become a participant in the Plan by completing a subscription agreement authorizing payroll deductions on the form provided by the Company (or by
following an electronic or other enrollment process as prescribed by the Board) and filing it no later than the first day of an applicable Offering Period (or such earlier time as may be set by the Company’s employee stock services department
for administrative purposes) with (i) the Company’s employee stock services department for eligible Employees employed by Oracle or (ii) the officer of the applicable Participating Subsidiary or Participating Affiliate responsible for
administering the Plan on Oracle’s behalf for eligible Employees employed by any such Participating Subsidiary or Participating Affiliate. Subscription agreements filed by the participants under the 1987 Plan may be used to satisfy the
subscription agreement requirements of the Plan. Once an Employee becomes a participant in the Plan, such Employee will automatically participate in successive Offering Periods until such time as such Employee withdraws from the Plan, and is not
required to file any additional subscription amendments for subsequent Offering Periods to continue participation in the Plan. 
 

 3 

  
         (b)  Payroll deductions for a participant
shall commence on the first payday following the Offering Date and shall end on the last payday before the Exercise Date of the Offering Period to which such authorization is applicable, unless sooner terminated by the participant as provided in
Section 10 or unless payroll deductions are determined by the Board to not be feasible in countries outside the United States. 
  
 6.    PAYROLL DEDUCTIONS 
  
         (a)  At
the time a participant files his or her subscription agreement, he or she shall elect to have payroll deductions made on each payday during the Offering Period in an amount not exceeding ten percent (10%) (or such greater percentage, as specified by
the Board) of the Compensation which he or she receives on each payday during the Offering Period. If the Board determines that payroll deductions are not feasible in a particular country outside the United States, the Board may permit an eligible
Employee to participate in the Plan by an alternative means, such as by check; however, the rate of contributions may not exceed any whole number percentage of the Employee’s Compensation up to ten percent (10%) or such greater percentage, as
specified by the Board, to apply to an Offering Period. 
  
         (b)  All payroll
deductions may be held by Company and commingled with its other corporate funds (unless otherwise required by local law). No interest shall be paid or credited to the participant with respect to such payroll deductions except where required by local
law as determined by the Board. 
  
         (c)  All payroll deductions made by a
participant shall be credited to his or her account under the Plan. A participant may not make any additional payments into such account, except as authorized by the Board in countries where payroll deductions are determined by the Board to not be
feasible. 
  
         (d)  Unless otherwise specified by the Board, payroll deductions
made with respect to Employees paid in currencies other than U.S. dollars shall be accumulated in local (non-U.S.) currency and converted to U.S. dollars as of the Exercise Date. 
  
         (e)  A participant may discontinue his or her participation in the Plan as provided in Section 10, or may increase or decrease the rate of his
or her payroll deductions during the Offering Period by completing and filing with the Company a new authorization for payroll deduction; provided that the Board may limit the number of times during any Offering Period that a participant may so
increase or decrease such participant’s deductions. The change in rate shall be effective on the later of (i) fifteen (15) days or (ii) the first payday after the Company’s receipt of the new authorization. 
 

 4 

  
         (f)  Notwithstanding the foregoing, an
Employee’s payroll deductions shall be decreased during any Offering Period to the extent necessary to comply with Section 423(b)(8) of the Code. Any other provision of the Plan notwithstanding, no participant shall purchase shares of Common
Stock with a fair market value (measured as of the applicable Offering Date) in excess of the following limits: 
  
         (i)  in the case of shares of Common Stock purchased during an Offering Period that commenced in the current calendar year (i.e., April 1), the limit shall be equal to
(A) $25,000 minus (B) the fair market value of the shares of Common Stock attributed to any other purchases by the participant in the current calendar year (under this Plan and all other employee stock purchase plans of the Company any parent or
Subsidiary of the Company), as determined according to the rules set forth in Treasury Reg. §1.423-2(i)(3); and 
  
         (ii)  in the case of shares of Common Stock purchased during an Offering Period that commenced in the immediately preceding calendar year (i.e., October 1), the limit
shall be equal to (A) $50,000 minus (B) the fair market value of the shares of Common Stock attributed to any other purchases by the participant (under this Plan and all other employee stock purchase plans of the Company or any parent or Subsidiary
of the Company) in the current calendar year and in the immediately preceding calendar year, as determined according to the rules set forth in Treasury Reg. §1.423-2(i)(3). 
  
         (g)  Such limitations set forth in Section 6(f) may be adjusted by the Board in its discretion to the extent necessary to comply with Section
423 of the Code. 
  
         (h)  In the event payroll deductions are decreased pursuant
to Section 6(f) hereof, payroll deductions shall recommence at the rate provided in such participant’s subscription agreement at the beginning of the first Offering Period which is scheduled to end in the following calendar year, unless
terminated by the participant as provided in Section 10. At any time, the Company may withhold from the participant’s Compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding
required to make available to the Company any tax deductions or benefit attributable to sale or early disposition of Common Stock by the Employee. 
  
 7.    GRANT OF OPTION 
  
         (a)  On the
Offering Date of each Offering Period, each eligible Employee participating in the Plan shall be granted an option to purchase (at the per share option price) up to a number of shares of Common Stock determined by dividing such Employee’s
payroll deductions or contributions to be accumulated during such Offering Period by eighty-five percent (85%) of the fair market value of a share of Common Stock on the Offering Date or on the Exercise Date, whichever is lower, provided that the
number of shares subject to the option will be limited to 200% of the number of shares determined by dividing the amount accumulated in the employees’ payroll deductions/contribution account by 85% of the fair market value of a share of Common
Stock on the Offering Date, subject to the limitations set forth in Sections 3(b) and 11 hereof. The fair market value of a share of Common Stock shall be determined as provided in Section 7(b) hereof. 
 

 5 

  
         (b)  The option price per share of the shares
offered in a given Offering Period shall be the lower of: (i) 85% of the fair market value of a share of the Common Stock on the Offering Date; or (ii) 85% of the fair market value of a share of the Common Stock on the Exercise Date. The fair market
value of Common Stock on a given date shall be the closing price from the previous day’s trading on the Nasdaq National Market. 
  
 8.    EXERCISE OPTION 
  
         Unless a participant
withdraws from the Plan as provided in Section 10, his or her option for the purchase of shares will be exercised automatically on the Exercise Date of the Offering Period and the maximum number of full shares subject to option will be purchased for
him or her at the applicable option price with the accumulated payroll deductions or contributions in his or her account. During his or her lifetime, a participant’s option to purchase shares hereunder is exercisable only by him or her.

  
 9.    DELIVERY 
  
         As promptly as practicable after the Exercise Date of each Offering Period, the Company shall arrange for the electronic delivery to each participant, as appropriate, of the
shares purchased upon exercise of his or her option. Beginning with the Offering Period that begins April 1, 1999 and ends September 30, 1999, any cash remaining to the credit of a participant’s account under the Plan or under the 1987 Plan
after a purchase by him or her of shares at the termination of each Offering Period under the Plan or under the 1987 Plan which is insufficient to purchase a full share of Common Stock, will be refunded, without interest, to him or her as soon as
practicable. In the event that insufficient shares of Common Stock are available under the Plan for delivery to all participants in an Offering Period for shares of Common Stock representing a full allocation of all payroll deductions or
contributions for such Offering Period, the Board, in its discretion, may authorize either (i) the delivery of shares of Common Stock representing a pro rata allocation of the shares remaining available for distribution and the return of cash
remaining in each participant’s payroll deduction account in accordance with Section 11, or (ii) an increase in the number of shares that may be issued under the Plan subject to stockholder approval, and, in such event, the option price
applicable to such shares shall be for purposes of Section 7(b) the option price for such Offering Period, and the Company shall deliver to participants such shares as set forth in Sections 7, 8, and 9, after approval of the stockholders of Oracle
has been obtained in accordance with Section 21. If the stockholders of Oracle vote against any such proposed increase, Oracle shall make a pro rata allocation of the shares available for distribution and return cash remaining in each
participant’s payroll deduction or contribution account, without interest unless required by local law as determined by the Board. The Board also may return cash remaining in each participant’s payroll deduction or contribution account if
a purchase of shares will not occur because the Board determines such purchase is not feasible or that the conditions for the issuance of shares have not been met. 
 

 6 

  
 10.    WITHDRAWAL: TERMINATION OF EMPLOYMENT 
  
         (a)  A participant may withdraw all but not less than all the payroll deductions credited to his or her
account under the Plan at any time prior to the Exercise Date of the Offering Period by returning to the Company an enrollment form indicating such withdrawal prior to the fifteenth (15th) day of the last month of the Offering Period. If such form
is received by the Company before such date, all of the participant’s payroll deductions credited to his or her account will be refunded, without interest (except where required by local law as determined by the Board), to him or her as soon as
practicable, his or her option for the Current Offering Period will be automatically terminated, and no further payroll deductions for the purchase of shares will be made during the Offering Period. If such form is received by the Company after such
date, the participant’s payroll deductions credited to his or her account will be used to purchase stock on the next Exercise Date and his or her participation will end at the beginning of the next Offering Period. 
  
         (b)  In the event that a participant’s employment terminates for any reason (including death,
disability, or retirement), or if a participant becomes ineligible to participate in the Plan, in either case, on or prior to the fifteenth (15th) day of the last month of an Offering Period, the payroll deductions credited to his or her account
will be returned promptly and without interest (except where required by local law as determined by the Board) to him or her or, in the case of his or her death, to the executor or administrator of the estate of the participant, and his or her
option automatically will be terminated. In the event that a participant’s employment terminates for any reason or a participant becomes ineligible to participate in the Plan after such date, the participant’s payroll deductions credited
to his or her account will be used to purchase stock on the Exercise Date for that Offering Period and his or her participation will end at the beginning of the next Offering Period. 
  
         (c)  In the event an Employee fails to remain an Employee during the entire Offering Period, he or she will be deemed to have elected to
withdraw from the Plan and the payroll deductions credited to his or her account will be returned to him or her promptly and without interest (except where required by local law as determined by the Board) and his or her option terminated.

  
         (d)  In the event that an Employee takes an unpaid leave of absence, his or
her payroll deductions shall automatically cease (and no additional contributions to the Plan may be made unless participation is required by local law while on unpaid leave); any amounts remaining in his or her payroll deduction account shall be
used to purchase stock on the next Exercise Date. Paid leaves of absence shall have no effect an Employee’s participation in the Plan. 
 

 7 

  
         (e)  A participant’s withdrawal from an
offering will not have any effect upon his or her eligibility to participate in a succeeding Offering Period, or in any similar plan period, which may hereafter be adopted by the Company. 
  

        (f)  The Board may specify a date prior to each Exercise Date, which date will be no more than thirty (30) days prior to such
Exercise Date, after which a participant may not withdraw for any reason. 
  
 11.    STOCK 

 
         (a)  The maximum number of shares of Common Stock which shall be made available for sale
under the Plan shall be 405,000,000 shares (plus any shares available under the 1987 Plan as of September 30, 1992) subject to adjustment upon changes in capitalization of Oracle as provided in Section 18. If the total number of shares which would
otherwise be subject to options granted pursuant to Section 7(a) hereof on the Offering Date of an Offering Period exceeds the number of shares then available under the Plan (after deduction of all shares for which options have been exercised or are
then outstanding), Oracle shall make a pro rata allocation of the shares remaining available for option grant, unless before or after such Offering Date the Board authorizes an increase in the number of shares that may be issued under the Plan for
such Offering Period pursuant to Section 9. In the event of a pro rata allocation of shares, the Company shall give written notice of such reduction of the number of shares subject to the option to each Employee affected thereby and, at the
discretion of the Board, shall terminate or reduce payroll deductions before the Exercise Date if the Board has determined that insufficient shares are available for a full allocation. Any cash remaining in a participant’s payroll
deduction/contribution account due to an insufficient number of shares remaining in the Plan for distribution to all participating Employees shall be returned to him or her as soon as administratively feasible. 
  
         (b)  The participant will have no interest or voting right in shares covered by his or her option until
such option has been exercised. 
  
         (c)  Shares to be delivered to a participant
under the Plan will be registered in the name of the participant. 
  
 12.    ADMINISTRATION 

 
         (a)  The Plan shall be administered by the Board or a committee appointed by the Board. The
Board or its committee shall have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and to adjudicate all disputed claims filed under the Plan. The Board’s discretionary
authority under the Plan shall include, without limitation, the authority to change the Offering Periods, limit the frequency and/or number of changes in the amount withheld during Offering Periods, establish the exchange ratio applicable to amounts
with-held in a currency other than United States dollars, permit payroll withholding in excess of the amount designated by a participant in order to adjust for delays or mistakes in the Company’s processing of properly completed withholding
elections, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the purchase of Common Stock for each participant properly correspond with amounts withheld from the
participant’s Compensation, and establish such other limitations or procedures as the Board determines in its sole discretion advisable. Every finding, decision and determination made by the Board shall, to the full extent permitted by law, be
final and binding upon all parties. Members of the Board who are eligible Employees are permitted to participate in the Plan except to the extent limited by Subsection (b) of this Section 12. All references in this Plan to the Board shall mean the
committee(s) appointed by the Board, if any. 
 

 8 

  
         (b)  Notwithstanding the provisions of
Subsection (a) of this Section 12, in the event that Rule 16b-3 promulgated under the Exchange Act or any successor provision (“Rule 16b-3”) provides specific requirements for the administrators of plans of this type, and the Board
determines that compliance with such provisions is reasonable, the Plan (or, if permitted by Rule 16b-3, transactions in the Plan by persons who are subject to Section 16(b) of the Exchange Act (“Section 16(b)”)) shall be administered only
by such a body and in such a manner as shall comply with the applicable requirements of Rule 16b-3. Unless permitted by Rule 16b-3, no discretion concerning decisions regarding the Plan (or, if permitted by Rule 16b-3, transactions in the Plan by
persons who are subject to Section 16(b)) shall be afforded to any committee or person that is not “disinterested” as such term is defined in Rule 16b-3. 
  
 13.    TRANSFERABILITY 
  
         Neither payroll deductions credited to a participant’s account nor any rights with regard to the exercise of an option or to receive shares under the Plan may be assigned,
transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution) by the participant. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect, except that the
Company may treat such act as an election to withdraw funds in accordance with Section 10. 
  
 14.    USE OF FUNDS

  
         All payroll deductions received or held by the Company under the Plan may be used by
the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions unless required by local law. 
  
 15.    REPORTS 
  
         Individual accounts will be
maintained for each participant in the Plan. Statements of account will be available at the Plan broker to participating Employees as soon as practicable following the Exercise Date, which statements will set forth the amounts of payroll
deductions/contributions, the number of shares purchased, the per share purchase price and the remaining cash balance, if any. 
 

 9 

  
 16.    EQUAL RIGHTS AND PRIVILEGES 
  
         All eligible Employees participation in the Code Section 423 plan shall have equal rights and privileges with
respect to the Plan so that the Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423 or any successor provision of the Code and the related regulations. Any provision of the Plan which, is intended to
be part of the Code Section 423 plan and is inconsistent with Section 423 or any successor provision of the Code shall without further act or amendment by the Company or the Board be reformed to comply with the requirements of Section 423. This
Section 16 shall take precedence over all other provisions in the Plan with respect to the Section 423 plan, but shall not prevent the grant of options under a non-423 plan which do not qualify under Section 423 of the Code pursuant to rules,
procedures or sub-plans adopted by the Board designed to achieve desired tax or other objectives in particular locations outside the United States as described in Section 23 herein. 
  

17.    APPLICABLE LAW 
  
         The Plan shall be governed by the substantive laws (excluding the conflict of laws rules) of the State of California. 
  

	18.
	 
	ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, DISSOLUTION, MERGER OR ASSET SALE 
 

  

        (a)  Subject to any required action by the stockholders of Oracle, the number of shares of Common Stock covered by each option under
the Plan which has not yet been exercised and the number of shares of Common Stock which have been authorized for issuance under the Plan, but have not yet been placed under option (collectively, the “Reserves”) as well as the price per
share of Common Stock covered by each option under the Plan which has not yet been exercised, shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock
split, combination or reclassification of the Common Stock, or the payment of a dividend payable in shares of Oracle’s capital stock (but only on the Common Stock) or any other increase or decrease in the number of shares of Common Stock
effected without receipt of consideration by Oracle; provided, however, that conversion of any convertible securities of Oracle shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by
the Board, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issue by Oracle of shares of stock of any class, or securities convertible into shares of stock of any class, shall
affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. The Board may, if it so determines in the exercise of its sole discretion, make provision for adjusting
the Reserves, as well as the price per share of Common Stock covered by each outstanding option, in the event Oracle effects one or more reorganizations, recapitalizations, rights offerings or other increases or reductions of shares of its
outstanding Common Stock. 
 

 10 

  
         (b)  In the event of the proposed dissolution
or liquidation of Oracle, the Offering Period will terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless otherwise provided by the Board, and the Company shall return to each participant, to the extent
permitted by law, any amounts without interest (unless required by local law as determined by the Board) remaining in his or her payroll deduction account. 
  
         (c)  In the event of a proposed sale of all or substantially all of the assets of Oracle, or the merger of Oracle with or into another corporation, each option under
the Plan shall be assumed or an equivalent option shall be substituted by such successor corporation or a parent or subsidiary of such successor corporation, unless the Board determines, in the exercise of its sole discretion and in lieu of such
assumption or substitution to shorten an Offering Period then in progress by setting a new Exercise Date (the “New Exercise Date”). If the Board shortens the Offering Period then in progress in lieu of assumption or substitution in the
event of a merger or sale of assets, the Board shall notify each participant in writing, at least ten (10) days prior to the New Exercise Date, that the Exercise Date for his or her option has been changed to the New Exercise Date and that his or
her option will be exercised automatically on the New Exercise Date, unless prior to such date he or she has withdrawn from the Offering Period as provided in Section 10. For purposes of this Section, an option granted under the Plan shall be deemed
to be assumed if, following the sale of assets or merger, the option confers the right to purchase, for each share of Common Stock subject to the option immediately prior to the sale of assets or merger, the consideration (whether stock, cash or
other securities or property) received in the sale of assets or merger by holders of Common Stock for each share of Common Stock held on the effective date of the transaction (and if such holders were offered a choice of consideration, the type of
consideration chosen by the holders of a majority of the outstanding shares of Common Stock); provided, however, that if such consideration received in the sale of assets or merger was not solely common stock of the successor corporation or its
parent (as defined in Section 424(e) of the Code), the Board may, with the consent of the successor corporation, provide for the consideration to be received upon exercise of the option to be solely common stock of the successor corporation or its
parent equal in fair market value to the per share consideration received by holders of Common Stock as a result of the sale of assets or merger. 
  
 19.    AMENDMENT, SUSPENSION OR TERMINATION OF PLAN 
  
         The Board may at any time and for any reason terminate, suspend or amend the Plan. Except as provided in Section 18, no such termination can affect options previously granted, provided
that an Offering Period may be terminated by the Board on any Exercise Date if the Board determines that the termination of the Plan is in the best interests of the Company and its stockholders. Except as provided in Section 18, no amendment may
make any change in any option theretofore granted which adversely affects the rights of any participant without the consent of the participant, except to the extent as may be necessary to qualify the Plan as an employee stock purchase plan pursuant
to Code Section 423 or to comply with any applicable law, regulation or rule. 
 

 11 

  
 20.    NOTICES 
  

        All notices or other communications by a participant to the Company under or in connection with the Plan shall be deemed to have been duly
given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 
  
 21.    STOCKHOLDER APPROVAL 
  
         The Plan shall
become effective upon the earlier to occur of its adoption by the Board or its approval by the stockholders of Oracle. If stockholder approval of the Plan is not obtained prior to the Exercise Date for the first Offering Period under the Plan, all
options previously granted under the Plan shall terminate on the Exercise Date and all amounts accrued in each participant’s account shall be refunded promptly, without interest, to each participant. Whenever stockholder approval is sought
under the Plan, either for its initial approval or for a subsequent amendment, it may be obtained in any manner permitted by applicable corporate law. If stockholder approval is required under the Code for an amendment to the Plan adopted or
proposed to be adopted by the Board, such stockholder approval shall be obtained in any manner and within the time periods required by the Code. The Board, in its discretion, also may obtain stockholder approval for any amendment to the Plan adopted
by or proposed to be adopted by the Board to the extent desirable to maintain compliance with Rule 16b-3. 
  
 22.    CONDITIONS UPON ISSUANCE OF SHARES 
  
         Shares shall not be issued with respect to an option unless the exercise of such option and the issuance and delivery of such shares pursuant thereto shall comply with all applicable
provisions of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as amended, the Exchange Act, the rules and regulations promulgated thereunder, and the requirements of any stock exchange upon which the shares may
then be listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance. As a condition to the exercise of an option, the Company may require the person exercising such option to represent and warrant
at the time of any such exercise that the shares are being purchased only for investment and without any present intention to sell or distribute such shares if, in the opinion of counsel for the Company, such a representation is required by any of
the aforementioned applicable provisions of law. 
  
 23.    RULES FOR FOREIGN JURISDICTIONS 

 
         (a)  Notwithstanding any provision to the contrary in this Plan, the Board may adopt rules
or procedures relating to the operation and administration of the Plan to accommodate the specific requirements of local laws and procedures. Without limiting the generality of the foregoing, the Board is specifically authorized to adopt rules and
procedures regarding the definition of Compensation, handling of payroll deductions, making of contributions to the Plan in forms other than payroll deductions, establishment of bank or trust accounts to hold payroll deductions, payment of interest,
conversion of local currency, obligations to pay payroll tax, withholding procedures and delivery of shares which vary with local requirements. 
 

 12 

  
         (b)  The Board may also adopt rules,
procedures or sub-plans applicable to particular Participating Subsidiaries or Participating Affiliates or locations, which sub-plans may be designed to be outside the scope of Code Section 423. The rules of such sub-plans may take precedence over
other provisions of this Plan, with the exception of Sections 11 and 21, but unless otherwise superseded by the terms of such sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. To the extent inconsistent with the
requirements of Code Section 423, such sub-plans shall be considered part of the non-423 Plan, and the options granted thereunder shall not be considered to comply with Section 423. 
 

 13

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