Document:

EX-4.1

 Exhibit 4.1 
 GOLDCORP INC. 
 EMPLOYEE SHARE PURCHASE PLAN 

FOR U.S. EMPLOYEES 
 Effective July 1, 2013 
 1. PURPOSE 

The purpose of this Employee Share Purchase Plan (the “Plan”) is to encourage Employees (as defined herein) to accumulate savings through
ownership of common shares of Goldcorp Inc. (the “Corporation”). The Corporation believes that the Plan will aid in attracting and retaining Employees and encourage Employees to acquire a proprietary interest in Goldcorp.

 2. DEFINITIONS 
 2.1 In this
Plan, unless the context otherwise requires: 
  

	 	(a)	“Administrative Agent” means such company as may from time to time be appointed or designated by the Corporation to administer the Plan and with
whom the Corporation enters into a services agreement with respect thereto; provided, however, that if no such company is appointed or designated, the Board or any committee of the Board shall act as the Administrative Agent.

  

	 	(b)	“Board” means the board of directors of the Corporation; 

  

	 	(c)	“Business Day” means a day on which the New York Stock Exchange is open for trading; 

 

	 	(d)	“Contribution Period” means the period beginning on any Purchase Date and ending on the day previous to the next Purchase Date;

  

	 	(e)	“Effective Date” means July 1, 2013; 

  

	 	(f)	“Eligible Earnings” means the monthly basic earnings received by an Employee from his or her Employer (for greater certainty, excluding overtime
pay, benefits realized from security-based compensation arrangements, benefits realized from short-term disability plans, commissions and bonuses); 

  

	 	(g)	“Employee” means an active U.S. employee of any Employer who is employed as a permanent full-time employee or permanent part-time employee, but does
not include a temporary, seasonal or casual employee, or a director of any Employer (unless that director is also employed as a permanent full-time employee or a permanent part-time employee of any Employer); 

 

	 	(h)	“Employer” means, as the case may be, the Corporation or a subsidiary of the Corporation; 

	 	(i)	“Employer Contributions” means cash contributions made by the Employer on behalf of a Participant pursuant to Section 6 of the Plan;

  

	 	(j)	“Participant” means an Employee who has enrolled in the Plan, and remains eligible to participate in the Plan, in accordance with the provisions of the
Plan; 

  

	 	(k)	“Personal Account” means the account maintained for record keeping purposes by the Administrative Agent in the name of a Participant for Employer
Contributions and Personal Contributions; 

  

	 	(l)	“Personal Contributions” means the cash contributions made by a Participant pursuant to Subsection 5.1 of the Plan; 

 

	 	(m)	“Plan Year” means the period commencing on January 1 and ending on December 31 of each calendar year; 

 

	 	(n)	 “Purchase Date” means the date on, or as soon as practicable after, which the Administrative Agent will purchase Shares utilizing
Personal Contributions from Participants and all Employer Contributions, if any, from the Corporation, received for the preceding Contribution Period under the Plan, such date typically being on or about the 15th day of each month of every calendar year;

  

	 	(o)	“Shares” means common shares of the Corporation; and 

 2.2 Unless the context otherwise requires, words importing the singular include the plural and vice versa and words importing a male person include a female person. 

2.3 Captions and headings used in the Plan are included for convenience of reference only and shall not be used in interpreting the provisions of the
Plan. 
 2.4 All monetary amounts referred to in the Plan shall be construed as being expressed, and shall, where applicable, be paid, in the
lawful currency of the United States of America. 
 2.5 The Corporation intends that the Plan operate as a non-qualified employee stock purchase
plan and as such, it is not intended to qualify for preferential tax treatment under U.S. Internal Revenue Code Section 423. 
 3.
ELIGIBILITY 
 3.1 Any individual who is an Employee shall be eligible to enrol and become a Participant in the Plan at any time after that
Employee has completed one month of continuous service with any Employer. 
 3.2 Notwithstanding any other provision of this Plan, the
Corporation in its absolute discretion shall have the right to refuse any Employee the right of participation or continued participation in the Plan. 

  
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 4. ENROLMENT IN THE PLAN 
 4.1 To enrol in the Plan, an Employee who is eligible to become a Participant in accordance with the provisions of Section 3 must complete the enrolment procedures prescribed by the Corporation
authorizing the Employer to deduct from the Employee’s Eligible Earnings the amount designated by the Employee in accordance with Subsection 5.1 (unless and until such authorization is changed or terminated in accordance with the Plan) and
direct the payment of such amounts to the Administrative Agent, and thereby agreeing to the terms and conditions of the Plan. 
 4.2 All funds
and Shares held by the Administrative Agent pursuant to the Plan are vested immediately and held on behalf of and for the account of the respective individual Participants. A Participant is the beneficial owner of all Shares purchased on his or her
behalf. 
 5. PARTICIPANT CONTRIBUTIONS 
 5.1 A Participant who has elected to make Personal Contributions and has not suspended contributions may make Personal Contributions to the Plan in an amount equal to a percentage of his or her Eligible
Earnings which is a whole number between 1% and 6% as specified in that Participant’s enrolment notice. The Corporation will deduct from the Participant’s Eligible Earnings and remit to the Administrative Agent the amount of that
Participant’s Personal Contributions, less any amount required to be withheld for applicable taxes, as soon as practicable after the last day of each Contribution Period. Until remitted to the Administrative Agent, all payroll deductions for
Personal Contributions shall be held on behalf of a Participant by the Corporation. No interest shall be payable on such funds to any Participant. 
 5.2 A Participant may change (increase/reduce/voluntarily suspend) his or her contributions one time in each Plan Year. 
 5.3 Any reduction or voluntary suspension of Personal Contributions pursuant to Subsection 5.2 will take effect as soon as reasonably possible following the date such notice is provided to the
Administrative Agent, in the manner prescribed by the Corporation for this purpose. 
 5.4 Personal Contributions not made during a period of
suspension of Personal Contributions may not be accumulated or carried forward for later payment. During a period of suspension of Personal Contributions, a Participant will continue to be a member of the Plan, if enrolled, for all purposes other
than the making of Personal Contributions until that Participant’s participation in the Plan is otherwise terminated in accordance with the Plan. 
 5.5 No Personal Contributions may be made by a Participant in any period during which the Participant is in receipt of long-term disability benefits from any plan or program sponsored or maintained by the
Corporation or is on a leave of absence from employment with the Corporation. 

  
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 6. EMPLOYER CONTRIBUTIONS 
 6.1 The Employer will make Employer Contributions to the Plan for the benefit of each Participant in an amount equal to 50% of the Participant’s total Personal Contributions, less any amount required
to be withheld for applicable taxes, in each applicable Contribution Period. 
 7. PERSONAL ACCOUNTS 

7.1 The Administrative Agent shall establish a Personal Account for each Participant and shall record in each Personal Account the amount of all Personal
Contributions made by the Participant and all Employer Contributions made for the benefit of the Participant, the number of Shares purchased for that Personal Account with Personal Contributions, the number of Shares purchased for that Personal
Account with Employer Contributions, the amount of funds or number of Shares acquired in any other manner for that Personal Account and the amount of any expenses allocated to such Personal Account. 

8. INVESTMENT OF FUNDS 
 8.1 On or as
soon as practicable after the last day of each Contribution Period, the Employer will deposit with the Administrative Agent the amount of all Personal Contributions and all Employer Contributions, if any, for that period, and will advise the
Administrative Agent of the Personal Contributions received from each Participant by payroll deduction and the amount of Employer Contributions made for the benefit of each Participant. 
 8.2 Upon receipt of the funds and the information outlined in Subsection 8.1, the Administrative Agent will record in each Participant’s Personal Account the amount of that Participant’s
Personal Contributions and the amount of any Employer Contributions made for the benefit of that Participant. 
 8.3 Subject to Subsection 8.6,
the Administrative Agent shall use all funds received by it from Personal Contributions and Employer Contributions, as well as all cash dividends paid on the Shares held of record by the Administrative Agent for and on behalf of the Participant, to
purchase Shares through normal market purchases. For greater certainty, and notwithstanding any other provision of the Plan, the Administrative Agent shall not use any portion of the funds to acquire Shares from any person that does not deal at
arm’s length with the Corporation. 
 8.4 Subject to Subsection 8.6, the Administrative Agent shall purchase on or as soon as practicable
after each Purchase Date such number of whole Shares as will utilize to the greatest extent possible all Personal Contributions from Participants and all Employer Contributions, if any, from the Corporation, received for the preceding Contribution
Period under the Plan. Each Participant shall thereupon acquire ownership of the Shares purchased by the Administrative Agent in proportion to such Participant’s Personal Contributions and Employer Contributions made on behalf of such
Participant during the preceding Contribution Period. 
 8.5 Subject to Subsection 8.6, the Administrative Agent shall allocate the Shares
purchased on each Purchase Date on behalf of the Participants, on a full or fractional share basis, as appropriate, to the Personal Account of each Participant in proportion to the Personal Contributions and Employer Contributions made on behalf of
the Participant. 

  
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 8.6 If, for any reason, the Administrative Agent is unable to purchase a sufficient number of Shares on a
Purchase Date to utilize all Personal Contributions, Employer Contributions and dividends received during the preceding Contribution Period, the Administrative Agent shall purchase Shares as they become available and shall allocate the Shares so
purchased to each of the Participants’ Personal Accounts once the purchase is complete. Until such time as such funds are used to purchase additional Shares, they shall be placed on deposit in non-interest-bearing accounts with a U.S. chartered
bank, trust company or other financial institution approved by the Corporation. 
 8.7 Subject to Subsection 8.8, any cash dividends and any
other cash distributions paid on Shares held of record by the Administrative Agent for and on behalf of a Participant will be automatically reinvested to purchase additional Shares. All warrants, options, rights or any other securities (other than
Shares), or any dividends of property (other than cash or additional Shares), received by the Administrative Agent in respect of any Shares held pursuant to the Plan shall be sold by the Administrative Agent on behalf of the Participants. The
proceeds from the sale of any such securities or property and any cash dividends, investment income earned and other cash distributions received by the Administrative Agent in respect of Shares held pursuant to the Plan shall be used to purchase
additional Shares which shall be allocated to each of the respective Participants’ Personal Accounts as to Personal Contributions or Employer Contributions, as the case may be, in proportion to the number of Shares in those Personal Accounts
prior to the payment of the dividend or the issue of the warrants, options, rights or other securities. Any Shares distributed by the Corporation pursuant to a stock dividend to which a Participant is entitled by virtue of any Shares held for the
Participant under the Plan will be retained by the Administrative Agent, and the Administrative Agent will credit such stock dividends to the Personal Account of the Participant during the next Contribution Period. 

8.8 Notwithstanding Subsection 8.7, if a Participant’s participation in the Plan is terminated pursuant to Subsection 11.1 or 12.1, any cash
dividends and any other cash distributions and any proceeds from the sale of securities or property received by the Administrative Agent in respect of Shares held pursuant to the Plan shall not be used to purchase additional Shares, but instead,
shall be held in the Participants’ Personal Accounts (in the case of non-cash property, to be realized for cash). 
 8.9 Brokerage
commissions, transfer taxes and other charges or expenses related to the purchase of Shares under the Plan will be the responsibility of the Corporation. 
 9. REGISTRATION AND VOTING 
 9.1 Shares purchased or otherwise acquired by the
Administrative Agent under the Plan shall be registered in the name of the financial intermediary approved by the Administrative Agent and held on behalf of the respective Participants. 
 9.2 Whole Shares allocated to a Participant’s Personal Account will be voted in accordance with the directions, if any, of the Participant. 

  
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 10. WITHDRAWALS WHILE A PARTICIPANT 
 10.1 A Participant may make withdrawals of Shares from his or her Personal Account at any time in accordance with this Section 10. However, if a Participant withdraws shares more than once from his
or her Personal Account during a Plan Year, his or her Personal Contributions and Employer Contributions will be suspended for a period of 12 calendar months from the effective date of the second withdrawal. 

10.2 A Participant may, at any time by sending a notice to the Corporation and the Administrative Agent in a manner prescribed by the Corporation,
request that: 
  

	 	(a)	share certificates for all or a portion of the Shares in the Participant’s Personal Account be issued in his or her name or as directed, in which case, subject to
Subsection 13.1, the Administrative Agent shall make the necessary arrangements for the issuance and delivery of the appropriate certificates representing the Shares as soon as practicable following receipt of any such notice, and the Participant
will be responsible for paying all applicable fees in connection therewith (by deduction from the Participant’s Personal Account prior to issuance of the share certificates); 

 

	 	(b)	all or a portion of the Shares in that Participant’s Personal Account be sold and the proceeds distributed to him or her or as directed, in which case, subject to
Subsection 13.1, the Administrative Agent shall sell such Shares as requested and forward the proceeds (net of any brokerage commissions and sales administration fees, payable by the Participant) to such Participant or as otherwise directed as soon
as practicable following receipt of any such notice. 

 11. AUTOMATIC TERMINATION OF PARTICIPATION 

11.1 A Participant’s participation in the Plan will be terminated if: 

 

	 	(a)	the Participant ceases to be an Employee for any reason; or 

  

	 	(b)	the Participant breaches Subsection 13.6. 

 In
addition to the foregoing, if, at the end of any Plan Year, any Participant has not contributed to his or her Personal Account during such Plan Year, the Corporation may give notice requiring that the Participant terminate his or her participation
in the Plan. 
 11.2 A Participant whose participation in the Plan has been terminated as provided in Subsection 11.1 or his or her executors or
administrators, as the case may be, may elect to deal with the Shares in the Participant’s Personal Account by completing a notice in the form prescribed by the Corporation and filing it with the Administrative Agent within 120 days after
termination of the Participant’s participation in the Plan requesting that: 
  

	 	(a)	 share certificates for all of the Shares in the Participant’s Personal Account be issued in his or her name or as directed, in which case, subject
to Subsection 13.1, the Administrative Agent shall make the necessary arrangements for the issuance and 

  
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delivery of the appropriate certificates representing the Shares as soon as practicable following receipt of any such notice, and the Participant or his or her executors or administrators, as the
case may be, will be responsible for paying any applicable fees in connection therewith (by deduction from the Participant’s Personal Account prior to issuance of the share certificates); 

 

	 	(b)	all of the Shares in the Participant’s Personal Account be sold and the proceeds distributed to him or her or as directed, in which case, subject to Subsection
13.1, the Administrative Agent shall sell all such Shares as directed and forward the proceeds (net of any brokerage commissions and sales administration fees, payable by the Participant) to such Participant or as otherwise directed, or his to or
her executors or administrators, as the case may be, as soon as practicable following receipt of any such notice. 

 11.3 If no
notice is filed within the 120 day notice period set out in Subsection 11.2, the Participant or his or her executors or administrators, as the case may be, shall be deemed to have elected to request that share certificates be issued in his or her
name as provided for in Subsection 11.2(a). 
 12. TERMINATION BY A PARTICIPANT 
 12.1 A Participant may terminate his or her participation in the Plan at any time by sending a notice to the Administrative Agent in a manner prescribed by the Corporation and request that: 

 

	 	(a)	share certificates for all of the Shares in the Participant’s Personal Account be issued in his or her name or as directed, in which case, subject to Subsection
13.1, in which case, the Administrative Agent shall make the necessary arrangements for the issuance and delivery of the appropriate certificates representing the Shares as soon as practicable following receipt of any such notice, and the
Participant will be responsible for paying any applicable fees in connection therewith (by deduction from the Participant’s Personal Account prior to issuance of the share certificates); 

 

	 	(b)	all of the Shares in the Participant’s Personal Account be sold and the proceeds distributed to him or her or as directed, in which, subject to Subsection 13.1, in
which case, the Administrative Agent shall sell such Shares as directed and forward the proceeds (net of any brokerage commissions and sales administration fees, payable by the Participant) to the Participant as soon as practicable following receipt
of any such notice, 

 and all Personal Contributions by such Participant shall cease commencing on the next payment of Eligible
Earnings. 
 12.2 Any Participant whose participation in the Plan has been terminated pursuant to this Section 12 will not be permitted to
enrol and become a Participant in the Plan or entitled to make Personal Contributions again for a period of 12 calendar months following his or her termination. 

  
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 13. BLACK OUT PERIODS, FRACTIONAL INTERESTS AND PROHIBITION OF ASSIGNMENT OF INTEREST 

13.1 Notwithstanding anything else contained herein to the contrary, no action requiring the sale of any Shares on behalf of a Participant by the
Administrative Agent (including, without limitation, for the purposes of satisfying any sales administration fees, brokerage commissions or withholding taxes payable by the Participant) shall take place during a blackout period established by the
Corporation in its disclosure confidentiality and insider trading policy. Any such sale of Shares shall take place as soon as practicable following the termination of such blackout period. 
 13.2 Any sales administration fees, brokerage commissions or withholding taxes payable by the Participant shall be first deducted from the cash account of a Participant’s Personal Account. If there
are insufficient cash funds, only then shall Shares be sold by the Administrative Agent. 
 13.3 In all instances contemplated by Sections 10,
11 and 12, the Participant shall be entitled to receive the cash equivalent of any fractional Shares credited to his or her Personal Account. 

13.4 Notwithstanding anything else contained herein to the contrary, where a Participant’s participation in the Plan is terminated, there remains
any outstanding fees payable by the Participant to the Administrative Agent and such fees exceed the amount of any proceeds to which the Participant is entitled to, such fees shall be offset against such proceeds and the Corporation and
Administrative Agent shall therefore be under no obligation to remit such proceeds to the Participant. 
 13.5 All rights of participation in
the Plan are personal and, to the extent permitted by law, the property administered pursuant to the Plan shall be exempt from attachment, execution, garnishment, registration, or other seizure under any legal, equitable or other process for the
debts of any Participant. 
 13.6 Any right or any interest that any Participant may have in or pursuant to the Plan may not be transferred,
encumbered, or otherwise disposed of by any Participant in whole or in part except as permitted by the Plan. Any breach of this Subsection 13.6 by a Participant shall result in immediate termination of his or her participation in the Plan, and in
such case the value of the Participant’s Personal Account shall be distributed to him or her in accordance with the provisions of Section 11. 
 14. TAXES 
 14.1 Each Participant shall be responsible for ensuring compliance with the
provisions of all applicable U.S. federal, state and local tax authority (including, but not limited to, the provisions of the U.S. Internal Revenue Code), in respect of the tax consequences resulting from, and for paying all income and other taxes
applicable to Employer Contributions and to transactions involving the Shares held by the Administrative Agent on his or her behalf, including, without limitation, any taxes payable on: 

 

	 	(a)	Employer Contributions made for the benefit of the Participant; 

  
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	 	(b)	the transfer of Shares to the Participant or a person designated by the Participant, including transfers from a Personal Account; 

 

	 	(c)	the sale or other disposition of the Shares; 

  

	 	(d)	dividends (whether cash or otherwise) or other distributions paid on the Shares. 

 14.2 Personal Contributions will be subject to income and employment tax withholding, and will be reported as compensation income by the Employer. 
 14.3 Employer Contributions will be subject to income and employment tax withholding, and will be reported as compensation income by the Employer. 
 14.4 The Administrative Agent is authorized to deduct, or cause to be deducted, from any amounts payable to a Participant any amounts which are required to be withheld on account of taxes, and to remit
such amounts withheld to the applicable taxing authorities, in accordance with applicable law. 
 14.5 Following the end of each calendar year,
the Administrative Agent shall provide each Participant with tax reporting forms as required in respect of dividend and other investment income earned during such calendar year by such Participant pursuant to the Plan. 

15. OFFER FOR SHARES 
 In the event that,
at any time, an offer to purchase is made to all holders of Shares, notice of such offer shall be given by the Administrative Agent or, on direction by the Administrative Agent, the transfer agent for the Shares to each Participant to enable a
Participant to tender his or her Shares should he or she so desire. 
 16. SUBDIVISION, CONSOLIDATION, CONVERSION OR RECLASSIFICATION

 In the event the Shares are subdivided, consolidated, converted or reclassified by the Corporation, or any action of a similar nature
affecting such Shares is taken by the Corporation, then the Shares held by the Administrative Agent for the benefit of the Participants shall be appropriately adjusted. 
 17. AMENDMENT OR TERMINATION OF THE PLAN 
 17.1 The Board or any committee of the Board may
at any time and from time to time amend or terminate the Plan in whole or in part. However, the Board or any committee of the Board may not amend or terminate the Plan in a manner which would deprive a Participant of any benefits that have accrued
to the date of amendment or termination or which would cause or permit any Shares or cash held pursuant to the Plan or any Personal Contributions or Employer Contributions to revert to or become the property of the Corporation. 

17.2 If the Plan is terminated, all Shares and cash belonging to a Participant as shown in the Participant’s Personal Account shall be paid to the
Participant or as directed by the Participant within 120 days of the termination of the Plan in accordance with the provisions of Section 11. 

  
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 18. ADMINISTRATION 
 18.1 The Board or any committee of the Board, if applicable, shall have full power and authority to construe, interpret and administer the Plan, including the power to appoint any person or persons to
carry out its provisions in conformity with the objectives of the Plan and under such rules as the Corporation may from time to time establish. Decisions of the Corporation shall be final and binding upon the Employees and the Participants.

 18.2 The Corporation may enter into a services access agreement with a company to serve as the Administrative Agent to administer the Plan
and keep the records for the Plan; provided, however, that if no such company has been appointed or designated to serve as the Administrative Agent, the Board or any committee of the Board shall serve as the Administrative Agent. 

18.3 The Corporation may from time to time enter into such further agreements with the Administrative Agent, the Trustee or other parties as it may deem
necessary or desirable, in its sole discretion, to carry out and implement the Plan. 
 18.4 The Administrative Agent may from time to time
enter into such further agreements with other parties as it may deem necessary or desirable, in its sole discretion, to carry out its responsibilities pursuant to the Plan. 
 18.5 The Corporation will, upon request, provide a copy of the Plan to all new Participants or make it available on an Internet website maintained by the Corporation. 

18.6 Records of the Administrative Agent and the Corporation will be conclusive as to all matters involved in administration of the Plan. 

18.7 Except as set out in Subsection 14.1 and where proceeds are distributed net of brokerage commissions, sales administration fees and withholding tax,
all costs and expenses of administering the Plan, including the compensation of the Administrative Agent, will be paid by the Corporation. 

18.8 If the Plan requires a notice to be in a form prescribed by the Corporation, then the Corporation must prescribe the form of the notice and may
prescribe the manner in which it is to be given including, without limitation, in an electronic form such as the completion of electronic forms on an Internet website maintained by the Corporation or the Administrative Agent. 

18.9 Any notice to a Participant from the Corporation under the Plan to be given in writing may be delivered or sent by email to the email address of the
Participant maintained in the internal email system of the Corporation (in which case it is deemed to be given on the first business day following the delivery or transmission) or may be sent by mail (in which case it is deemed to have been received
on the fifth business day following the mailing). 
 18.10 Any notice from a Participant under the Plan which is not required to be in a form
prescribed by the Corporation must be given in writing and delivered or sent by registered mail to the Corporation. Such notice is not effective until it is actually received by the Corporation. 

  
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 19. REPORTING 
 On a real-time basis, the Administrative Agent shall furnish to each Participant access on a web-based application to a statement of his or her Personal Account. 

20. LIMITATION OF RIGHTS OF THE EMPLOYEE 

20.1 The Plan is a voluntary program on the part of the Corporation and does not constitute an inducement to or condition of the employment of any
Employee. Nothing contained in the Plan shall give any Employee, whether a Participant or not, the right to be retained in the service of any Employer or shall interfere with the right of an Employer to discharge any Employee, whether a Participant
or not, at any time. Enrolment in the Plan will not give any Participant or executor, administrator or beneficiary of a Participant any right or claim to any benefit except to the extent provided for in the Plan. 

20.2 There is no guarantee under the Plan against loss because of market fluctuation. The value of the Shares may fluctuate as the trading price of such
investment option (or its underlying assets) fluctuates on the applicable stock exchange. In seeking the benefits of participation in the Plan, a Participant must accept the risk of a decline in the market price of the Shares. Participation in the
Plan is voluntary and none of the Corporation, any Employer or the Administrative Agent shall be liable to any Participant for any loss resulting from a decline in the market value of any Shares, or for any change in the market price of the Shares
between the time an Employee authorizes the purchase or sale of Shares and the time such purchase or sale takes place. 
 21. ADMINISTRATIVE
AGENT 
 In the event of the resignation of the Administrative Agent, its successor may be appointed by the Corporation in its sole
discretion. Any successor Administrative Agent shall be vested with all the powers, rights, duties and immunities of the Administrative Agent hereunder to the same extent as if originally named as the Administrative Agent. 

22. APPLICABLE LAWS 
 Except to the
extent pre-empted by U.S. federal law, the Plan shall be construed and the rights and obligations of the parties under the Plan shall be determined in accordance with the laws of the State of Nevada, without giving effect to its conflict of laws
principles. 

  
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 Exhibit 10.4 
 QLOGIC CORPORATION 
 1998 EMPLOYEE STOCK PURCHASE PLAN

 (Amended and Restated Effective for the May 1, 2013 Offering Period) 

This 1998 EMPLOYEE STOCK PURCHASE PLAN (the “Plan”) was established by QLOGIC CORPORATION, a
Delaware corporation, on the 9th day of April, 1998 and
became effective on the “Effective Date.” The Plan is hereby amended and restated in its entirety as set forth herein, effective for the Offering Period commencing May 1, 2013. 

ARTICLE 1 

PURPOSE OF THE PLAN 
 1.1 Purpose. The Company has determined that it is in its best interest to provide incentives to attract and retain employees and to increase employee morale by providing a
program through which employees of the Company, and of such of the Company’s Subsidiaries as the Company’s Board of Directors may from time to time designate (each a “Designated Subsidiary,” and collectively, “Designated
Subsidiaries”) may acquire a proprietary interest in the Company through the purchase of shares of the common stock of the Company (“Company Stock”). The Plan is hereby established by the Company to permit employees to subscribe for
and purchase directly from the Company shares of the Company Stock at a discount from the market price, and to pay the purchase price in installments by payroll deductions. The Plan is intended to qualify as an “employee stock purchase
plan” under Section 423 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). The provisions of the Plan are to be construed in a manner consistent with the requirements of Section 423 of the Code.
The Plan is not intended to be an employee benefit plan under the Employee Retirement Income Security Act of 1974, and therefore is not required to comply with that Act. 
 ARTICLE 2  
 DEFINITIONS 

2.1 Administrator. “Administrator” shall refer to the committee of the Board of Directors of the
Company appointed to administer the Plan, and if no such committee has been appointed, the term Administrator shall mean the Board of Directors. 
 2.2 Company. “Company” means QLogic Corporation, a Delaware corporation. 
 2.3 Compensation. “Compensation” includes salary, annual bonus/incentive paid in cash, annual profit sharing, overtime, lead premium, commissions and
shift differential, but expressly excludes other forms of compensation such as relocation, housing, car allowances, phone allowances, sign-on bonuses, referral bonuses and non-cash incentives. 

2.4 Effective Date. “Effective Date” means November 2, 1998. 

 2.5 Employee. “Employee” means each person currently
employed by the Company or any of its Designated Subsidiaries. 
 2.6 Grant Date. “Grant
Date” means the first day of each Offering Period under the Plan. 
 2.7 Offering
Period. “Offering Period” means (1) the four-month period from May 1, 2013 through August 31, 2013, and (2) each period of three consecutive months thereafter (such periods to commence
on each September 1, December 1, March 1 and June 1); provided, however, that the Administrator may declare, as it deems appropriate and in advance of the applicable Offering Period, a shorter (not to be less than three
months) Offering Period or a longer (not to exceed 27 months) Offering Period. 
 2.8 5% Owner.
“5% Owner” means an Employee who, immediately after the grant of any rights under the Plan, would own stock (within the meaning of Section 423(b)(3) of the Code) possessing 5% or more of the total combined voting power or value of all
classes of stock of the Company, or of any Parent, or of any Subsidiary. For purposes of this Section, the ownership attribution rules of Section 424(d) of the Code shall apply, and stock which the Employee may purchase under outstanding
options shall be treated as stock owned by the Employee. 
 2.9 Parent. “Parent” means any
corporation (other than the Company) in an unbroken chain of corporations ending with the Company in which each corporation (other than the Company) owns shares possessing 50% or more of the total combined voting power of all classes of shares in
one or more of the other corporations in the chain. 
 2.10 Participant. “Participant”
means an Employee who has satisfied the eligibility requirements of Section 3.1 and has become a participant in the Plan in accordance with Section 3.2. 
 2.11 Purchase Date. “Purchase Date” means the last day of each Offering Period. 

2.12 Subsidiary. “Subsidiary” means any corporation (other than the Company) in an unbroken chain
of corporations (beginning with the Company) in which each corporation (other than the last corporation) owns shares possessing 50% or more of the total combined voting power of all classes of shares in one or more of the other corporations in the
chain. 
 ARTICLE 3 
 ELIGIBILITY AND PARTICIPATION 
 3.1
Eligibility. Each Employee of the Company, or any Designated Subsidiary, whose customary employment is for more than 20 hours per week and more than five months in a calendar year may become a Participant in the Plan on the Grant Date
coincident with or next following the Employee’s satisfaction of the requirements of Section 3.2. 

3.2 Participation. An Employee who has satisfied the eligibility requirements of Section 3.1 may become
a Participant in the Plan upon his completion and delivery to the Administrator of the Company of a stock purchase agreement provided by the Company (the “Stock Purchase Agreement”) authorizing payroll deductions. Payroll deductions for a
Participant shall 

  
 2 

 
commence on the Grant Date coincident with or next following the filing of the Participant’s Stock Purchase Agreement and shall remain in effect until revoked by the Participant by the
filing of a notice of withdrawal from the Plan under Article 8 or by the filing of a new Stock Purchase Agreement providing for a change in the Participant’s payroll deduction rate under Section 5.2. 

3.3 Special Rules. Under no circumstances shall: 

a. an option to purchase Company Stock under the Plan be granted to a Participant if the exercise of such option would cause the
Participant to be a 5% Owner; 
 b. an option to purchase Company Stock under the Plan be granted to a Participant if such
option would cause the Participant to have rights to purchase Company Stock under the Plan (and under any other employee stock purchase plan of the Company, any Parent or any Subsidiary which is qualified under Section 423 of the Code) which
accrue at a rate which exceeds $25,000 of the fair market value of the Company Stock (determined at the time the right to purchase such Company Stock is granted, before giving effect to any discounted purchase price under any such plan) for each
calendar year in which such right is outstanding at any time, as this rule is applied under Section 423 of the Code and the rules and regulations promulgated thereunder; or 

c. the number of shares of Company Stock purchasable by a Participant in any Offering Period exceed 10,000 shares, subject to periodic
adjustments under Section 10.4. 
 For purposes of the foregoing, a right to purchase Company Stock accrues when it first becomes
exercisable during the calendar year. If any amount which exceeds the limits set forth in this Section 3.3 remains in the Participant’s Account after the exercise of the Participant’s option on the Purchase Date, such amount shall be
refunded to the Participant as soon as administratively practicable after such date. 
 ARTICLE 4  

OFFERING PERIODS 
 4.1 Offering Periods. The Plan shall provide for Offering Periods commencing on each Grant Date and terminating on the next following Purchase Date.

 ARTICLE 5  
 PAYROLL DEDUCTIONS 
 5.1 Participant
Election. Upon completion of the Stock Purchase Agreement, each Participant shall designate the amount of payroll deductions to be made from his or her paycheck to purchase Company Stock under the Plan. The amount of payroll deductions
shall be designated in whole percentages of Compensation, not to exceed a maximum of 10%, which maximum percentage may be increased or decreased from time to time in the discretion of the Administrator effective with the Offering Period next
commencing after the date of such increase or decrease, but in no event shall the maximum amount be increased to an amount in excess of 15% of Compensation. The amount so designated upon the Stock Purchase Agreement shall be effective as of the next
Grant 

  
 3 

 
Date and shall continue in effect for the Offering Period commencing on such Grant Date and, unless otherwise expressly provided by the Administrator, all subsequent Offering Periods until the
Participant is no longer eligible to participate in the Plan or terminates or alters such Stock Purchase Agreement in accordance with Section 5.2 below. 
 5.2 Changes in Election. Any Participant may change any election (increase or decrease the rate of payroll deductions) under this Section one time during any Offering Period by
completing and delivering to the Administrator a new Stock Purchase Agreement setting forth the desired change at least 15 days prior to the end of the Offering Period. A Participant may terminate participation in the Plan at any time prior to the
close of an Offering Period as provided in Article 8. A Participant may also terminate payroll deductions and have accumulated deductions for the then current Offering Period applied to the purchase of Company Stock as of the Purchase Date for
that Offering Period by completing and delivering to the Administrator a new Stock Purchase Agreement setting forth the desired change. Any change under this Section shall become effective on the next payroll period (to the extent practical under
the Company’s payroll practices) following the delivery of the new Stock Purchase Agreement. 
 5.3
Participant Accounts. The Company shall establish and maintain a separate account (“Account”) for each Participant. The amount of each Participant’s payroll deductions shall be credited to his Account. No interest
will be paid or allowed on amounts credited to a Participant’s Account. All payroll deductions received by the Company under the Plan are general corporate assets of the Company and may be used by the Company for any corporate purpose. The
Company is not obligated to segregate such payroll deductions. 
 ARTICLE 6 

GRANT OF OPTION 
 6.1 Option to Purchase Shares. On each Grant Date, each Participant shall be granted an option to purchase at the price determined under Section 6.2 that number of whole
shares of Company Stock that can be purchased or issued by the Company based upon that price with the amounts held in his Account, subject to the limits set forth in Section 3.3. In the event that there are amounts held in a Participant’s
Account that are not used to purchase Company Stock (except for amounts required to be returned under Section 3.3), such amounts shall remain in the Participant’s Account and shall be eligible to purchase Company Stock in the next
subsequent Offering Period. 
 6.2 Purchase Price. The purchase price for any Offering Period shall
be the lesser of: 
 a. 85% of the Fair Market Value of Company Stock on the Grant Date; or 

b. 85% of the Fair Market Value of Company Stock on the Purchase Date. 

6.3 Fair Market Value. “Fair Market Value” shall mean the value of one share of Company Stock,
determined as follows: 
 a. If the Company Stock is then listed or admitted to trading on a national securities exchange, the
Fair Market Value shall be the closing sale price of the Company Stock on the date of valuation on the principal national securities exchange on which the Company Stock is 

  
 4 

 
then listed or admitted to trading, or, if there is no trading of the Company Stock on such date, the Fair Market Value shall be the closing sale price of the Company Stock on such principal
national securities exchange on the next preceding day on which there was trading in the Company Stock. 
 b. If the Company
Stock is not listed or admitted to trading on a national securities exchange on the valuation date, the Fair Market Value shall be determined by the Administrator in good faith using any reasonable method of valuation, which determination shall be
conclusive and binding on all interested parties. 
 ARTICLE 7 

PURCHASE OF STOCK 
 7.1 Exercise of Option. 
 a. On each Purchase Date,
the Participant will be deemed to exercise the option expiring on that Purchase Date. Notwithstanding the above, a Participant may direct the Company not to purchase Company Stock on the Purchase Date in accordance with Section 8.1, in which
case any amount in the Participant’s Account shall be refunded to the Participant as provided in Section 8.1. 
 b.
Upon exercise of an option, the Plan shall purchase on behalf of each Participant the maximum number of whole shares of Company Stock subject to such option at the option price determined under Section 6.2 above as can be purchased with the
amounts held in each Participant’s Account. Any amounts remaining in a Participant’s Account as a result of the requirement that no fractional shares may be purchased shall be held in the Participant’s Account and carried forward for
the rest of the Offering Period or to the next Offering Period. 
 7.2 Delivery of Company Stock.
The time of issuance and delivery of the shares may be postponed for such period as may be necessary to comply with the registration requirements under the Securities Act of 1933, as amended, the listing requirements of any securities
exchange on which the Company Stock may then be listed, or the requirements under other laws or regulations applicable to the issuance or sale of such shares. 
 ARTICLE 8 
 WITHDRAWAL 

8.1 In Service Withdrawals. At any time prior to the Purchase Date of an Offering Period (subject to any
deadline the Administrator may establish for the relevant Offering Period prior to the Grant Date for such Offering Period), any Participant may withdraw the amounts held in his Account by executing and delivering to the Administrator a written
notice of withdrawal on the form provided by the Company. In such a case, the entire balance of the Participant’s Account shall be paid to the Participant, without interest, as soon as is practicable. Upon such notification, the Participant
shall cease to participate in the Plan for the remainder of the Offering Period in which the notice is given. A reduction in contributions to zero during any Offering Period with an instruction to hold the funds in a Participant’s Account to
purchase shares on the Purchase Date of the Offering Period shall not be deemed a withdrawal. Any Employee who has withdrawn under this Section 

  
 5 

 
shall be excluded from participation in the Plan for the remainder of the Offering Period in which the withdrawal occurred and the next succeeding Offering Period, but may then be reinstated as a
Participant thereafter by executing and delivering a new Stock Purchase Agreement to the Administrator. 
 8.2
Termination of Employment. 
 a. In the event that a Participant’s employment with the Company
terminates for any reason, the Participant shall cease to participate in the Plan on the date of termination. As soon as is practical following the date of termination, the entire balance of the Participant’s Account shall be paid to the
Participant or his beneficiary in cash, without interest. For purposes of the Plan, if a Designated Subsidiary ceases to be a Subsidiary of the Company, each person employed by that Designated Subsidiary will be deemed to have terminated employment
for purposes of the Plan, unless the person continues as an employee of the Company or another Designated Subsidiary. 
 b. A
Participant may file a written designation of a beneficiary who is to receive any shares of Company Stock purchased under the Plan or any cash from the Participant’s Account in the event of his or her death subsequent to a Purchase Date, but
prior to delivery of such shares or cash. In addition, a Participant may file a written designation of a beneficiary who is to receive any cash from the Participant’s Account under the Plan in the event of his death prior to a Purchase Date
under paragraph (a) above. If a Participant is married and the designated beneficiary is not solely his or her spouse, spousal consent shall be required for such designation to be effective unless it is established (to the satisfaction of the
Administrator or its delegate) that there is no spouse or that the spouse cannot be located. 
 c. Any beneficiary designation
under paragraph (b) above may be changed by the Participant at any time by written notice. In the event of the death of a Participant, the Administrator may rely upon the most recent beneficiary designation it has on file as being the
appropriate beneficiary. In the event of the death of a Participant where no valid beneficiary designation exists or the beneficiary has predeceased the Participant, the Administrator shall deliver any cash or shares of Company Stock to the executor
or administrator of the estate of the Participant, or if no such executor or administrator has been appointed to the knowledge of the Administrator, the Administrator, in its sole discretion, may deliver such shares of Company Stock or cash to the
spouse or any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Administrator, then to such other person as the Administrator may designate. 

ARTICLE 9 

PLAN ADMINISTRATION 
 9.1 Plan Administration. 
 a. Authority to control and
manage the operation and administration of the Plan shall be vested in the Board of Directors (the “Board”) for the Company, or a committee (“Committee”) thereof. Members of the Committee may be appointed from time to time by,
and shall serve at the pleasure of, the Board. As used herein, the term “Administrator” shall mean the Board or, with respect to any matter as to which responsibility has been delegated to the Committee, the term Administrator shall mean
the Committee. The initial Administrator of the Plan shall be the 

  
 6 

 
Compensation Committee of the Board of Directors. The Administrator shall have all powers necessary to supervise the administration of the Plan and control its operations. 

b. In addition to any powers and authority conferred on the Administrator elsewhere in the Plan or by law, the Administrator shall have
the following powers and authority: 
 (i) To designate agents to carry out responsibilities relating to the Plan; 

(ii) To administer, interpret, construe and apply this Plan and to answer all questions which may arise or which may be raised under
this Plan by a Participant, his or her beneficiary or any other person whatsoever; 
 (iii) To establish rules and procedures
from time to time for the conduct of its business and for the administration and effectuation of its responsibilities under the Plan; and 
 (iv) To perform or cause to be performed such further acts as it may deem to be necessary, appropriate, or convenient for the operation of the Plan. 

c. Any action taken in good faith by the Administrator in the exercise of authority conferred upon it by this Plan shall be conclusive
and binding upon a Participant and his beneficiaries. All discretionary powers conferred upon the Administrator shall be absolute. 
 9.2 Limitation on Liability. No Employee of the Company nor member of the Board or Committee shall be subject to any liability with respect to his or her duties under the Plan
unless the person acts fraudulently or in bad faith. To the extent permitted by law, the Company shall indemnify each member of the Board or Committee, and any other Employee of the Company with duties under the Plan who was or is a party, or is
threatened to be made a party, to any threatened, pending or completed proceeding, whether civil, criminal, administrative, or investigative, by reason of the person’s conduct in the performance of his duties under the Plan. 

9.3 Sub-Plans. The Administrator has discretion to adopt any rules regarding administration of the Plan to
conform to local laws. Without limiting the generality of the foregoing, the Administrator is specifically authorized to adopt rules and procedures regarding handling of payroll deductions, payment of interest and handling of share certificates
which vary according to local requirements. The Administrator has the authority to suspend or limit participation in the Plan by employees of any particular Subsidiary of the Company for any reason, including administrative or economic reasons. The
Administrator may also adopt rules, procedures or sub-plans applicable to particular Subsidiaries or locations, which sub-plans may be designed to be outside the scope of Section 423 of the Code. 

9.4 Reliance on Experts Delegation. In making any determination or in taking or not
taking any action under the Plan, the Committee or the Board, as the case may be, may obtain and may rely upon the advice of experts, including professional advisors to the Company. No director, officer or agent of the Company or any Designated
Subsidiary shall be liable for any such action or determination taken or made or omitted in good faith. The Administrator may delegate ministerial, non-discretionary functions to individuals who are officers or employees of the Company or a
Designated Subsidiary. 

  
 7 

 ARTICLE 10  

COMPANY STOCK 
 10.1 Limitations on Purchase of Shares. The maximum number of shares of Company Stock that shall be made available for sale under the Plan shall be 6,000,000
shares, subject to adjustment under Section 10.4 below. The shares of Company Stock to be sold to Participants under the Plan will be issued by the Company. If the total number of shares of Company Stock that would otherwise be issuable
pursuant to rights granted pursuant to Section 6.1 of the Plan at the Purchase Date exceeds the number of shares then available under the Plan, the Administrator shall make a pro rata allocation of the shares remaining available in as uniform
and equitable manner as is practicable. In such event, the Administrator shall give written notice of such reduction of the number of shares to each Participant affected thereby and any unused payroll deductions shall be returned to such Participant
if necessary.  
 10.2 Voting Company Stock. The Participant will have
no interest or voting right in shares to be purchased under Section 6.1 of the Plan until such shares have been actually delivered to and held of record by the Participant. 

10.3 Registration of Company Stock. Shares to be delivered to a Participant under the Plan will
be registered in the name of the Participant unless designated otherwise by the Participant.  

10.4 Changes in Capitalization of the Company. Subject to any required action by the
stockholders of the Company, the number of shares of Company Stock covered by each right under the Plan which has not yet been exercised and the number of shares of Company Stock which have been authorized for issuance under the Plan but have not
yet been placed under rights or which have been returned to the Plan upon the cancellation of a right, as well as the purchase price per share of Company Stock covered by each right 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 Company Stock resulting from a stock split, stock dividend, spin-off, reorganization, recapitalization, merger, consolidation, exchange of shares or the like.
Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issue by the Company of shares of stock of any class, or securities convertible
into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Company Stock subject to any option granted hereunder. 

10.5 Merger of Company. In the event that the Company at any time proposes to merge into, consolidate with or
enter into any other reorganization pursuant to which the Company is not the surviving entity (including the sale of substantially all of its assets or a “reverse” merger in which the Company is the surviving entity), the Plan and each
then outstanding option hereunder shall terminate, unless provision is made in writing in connection with such transaction for the continuance of the Plan and for the assumption of outstanding options theretofore granted, or the substitution for
such outstanding options of new options covering the shares of a successor corporation, with appropriate adjustments as to number and kind of shares and prices, in which event the Plan and the outstanding options theretofore granted or the new
options substituted therefor, shall continue in the manner and under the terms so provided. If such provision is not made in such transaction for the continuance of the Plan and the assumption of the outstanding options theretofore granted or the
substitution for such outstanding options of new options covering the shares of a 

  
 8 

 
successor corporation, then the Administrator shall cause written notice of the proposed transaction to be given to the persons holding then-outstanding options not less than 10 days prior to the
anticipated effective date of the proposed transaction, and, concurrent with the effective date of the proposed transaction, such outstanding options shall be exercised automatically in accordance with Section 7.1 as if such effective date were
the Purchase Date of the applicable Offering Period unless a Participant withdraws from the Plan as provided in Section 8.1. The Administrator may provide in each case that the transactions contemplated by this Section 10.5 are contingent
upon the consummation of the proposed merger, consolidation or other reorganization event and provide for the reinstatement of the Plan and outstanding options and the continuation of the Offering Period then in effect in the event that such
consummation does not occur. 
 ARTICLE 11  

MISCELLANEOUS MATTERS 
 11.1 Amendment and Termination. The Plan shall terminate on December 31, 2018. Since future conditions affecting the Company cannot be anticipated or
foreseen, the Company reserves the right to amend, modify, or terminate the Plan at any time. Upon termination of the Plan, all benefits shall become payable immediately. Notwithstanding the foregoing, no such amendment or termination shall affect
rights previously granted, nor may an amendment make any change in any right previously granted which adversely affects the rights of any Participant without the Participant’s consent. In addition, no amendment may be made without prior
approval of the stockholders of the Company if such amendment would: 
 a. Increase the number of shares of
Company Stock that may be issued under the Plan; 
 b. Materially modify the requirements as to eligibility for participation in
the Plan; or 
 c. Materially increase the benefits which accrue to Participants under the Plan. 

11.2 Benefits Not Alienable. Benefits under the Plan may not be assigned or alienated, whether
voluntarily or involuntarily. Any 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 Article 8.

 11.3 No Enlargement of Employee Rights. This Plan is strictly a voluntary
undertaking on the part of the Company and shall not be deemed to constitute a contract between the Company and any Employee or to be consideration for, or an inducement to, or a condition of, the employment of any Employee. Nothing contained in the
Plan shall be deemed to give the right to any Employee to be retained in the employ of the Company or to interfere with the right of the Company to discharge any Employee at any time.  

11.4 Governing Law. To the extent not preempted by Federal law, all legal questions pertaining to the Plan
shall be determined in accordance with the laws of the State of California. 

  
 9 

 11.5 Non-business Days. When any act under the Plan is required
to be performed on a day that falls on a Saturday, Sunday or legal holiday, that act shall be performed on the next succeeding day which is not a Saturday, Sunday or legal holiday. Notwithstanding the above, Fair Market Value shall be determined in
accordance with Section 6.3. 
 11.6 Compliance With Securities Laws. The Plan, the granting of
options under the Plan and the offer, issuance and delivery of shares of Company Stock are subject to compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal securities laws) and
to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. The person acquiring any securities under the Plan will, if requested by the
Company and as a condition precedent to the exercise of his or her option, provide such assurances and representations to the Company as the Administrator may deem necessary or desirable to assure compliance with all applicable legal requirements.

 11.7 Other Company Benefit and Compensation Programs. Payments and other benefits received by an
Employee pursuant to the Plan shall not be deemed a part of the Employee’s compensation for purposes of the determination of benefits under any other employee welfare or benefit plans or arrangements, if any, provided by the Company or any
Subsidiary, except where the Administrator expressly otherwise provides or authorizes in writing. 

  
 10

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