Document:

performance_vesting.htm

    EXHIBIT
10.3

      NATIONAL
INSTRUMENTS CORPORATION

       

      Restricted
Stock Unit Award Agreement

      (Performance
Vesting)

      

      Grant
Number:       «RSU_Number»

       

      National
Instruments Corporation (the “Company”) hereby grants you, «First» «Middle»
«Last» (the
“Participant”), an award of restricted stock units (“Restricted Stock Units”)
under the National Instruments Corporation 2010 Incentive Plan (the
“Plan”).  Subject to the provisions of Appendix A (attached) and
of the Plan, the principal features of this Award are as follows:

       

      Date of
Grant:

       

      Number of Restricted Stock
Units:               «RSU_Shares»

       

      Vesting Commencement
Date:                      May
1, 201[__]

       

      Vesting of Restricted Stock
Units:   The Restricted Stock Units will vest according to
the following schedule:

       

      Subject
to any accelerated vesting provisions in the Plan, the Restricted Stock Units
will vest as follows:

       

      Ten
percent (10%) of the Restricted Stock Units will vest on each anniversary of the
Vesting Commencement Date, subject to Participant continuing to be an Employee
through such dates, and satisfying the Full-Time Employment Requirement for an
Eligible Vesting Year.

       

      Restricted
Stock Units will not vest during any Eligible Vesting Year if for six months or
more during such Eligible Vesting Year (i) Participant is on a Nonstatutory
Leave of Absence, and/or (ii) Participant is not a Full-Time Employee (the
“Full-Time Employment Requirement”).

       

      In the
event that no Restricted Stock Units vest during an Eligible Vesting Year for
failure to satisfy the Full-Time Employment Requirement (the “Forgone Annual
Units”), then the Forgone Annual Units that fail to so vest will be eligible to
vest in a subsequent Eligible Vesting Year during which the Full-Time Employment
Requirement is satisfied; provided, however, that no more than one Eligible
Vesting Year’s worth of Forgone Annual Units will be able to vest in any such
subsequent Eligible Vesting Year; provided, further, that any Restricted Stock
Units that fail to vest hereunder by the fifteenth (15th)
anniversary of the Vesting Commencement Date will not be eligible to vest
thereafter and will automatically be forfeited at no cost to the Company and the
Participant will have no further rights with respect thereto.

       

      In
addition to the vesting provided for above, each Eligible Vesting Year beginning
with the Vesting Commencement Date, a number of Restricted Stock Units will
become vested based upon the Company’s achievement of certain performance goals
for the Fiscal Year that ends during an applicable Eligible Vesting Year as
follows:

       

      
        
          	 
      	
                  Total
      Number of Restricted Stock Units subject to this Award

                	
                   x  0.1

                	 
      	
                  x

                	 
      	
                  Earnings
      Attainment for applicable Fiscal Year

                	
                  x

                	
                  Sales
      Attainment for applicable Fiscal Year

                	 
      

        

In order
to be eligible for vesting acceleration pursuant to these performance-based
vesting provisions for any Eligible Vesting Year, Participant must be an
Employee through the end of such Eligible Vesting Year and must satisfy the
Full-Time Employment Requirement for such Eligible Vesting Year.

       

      For these
purposes, an “Eligible Vesting Year” means the period between May 1 through the
following April 30 of each year from the Vesting Commencement Date through the
fifteenth (15th)
anniversary of the Vesting Commencement Date.

       

      For these
purposes, “Full-Time Employee” means that Participant works in a position of
employment with the Company or any Subsidiary of the Company in which
Participant is regularly scheduled to work forty (40) or more hours per week or
a normal full-time work week pursuant to Applicable Law.

       

      For these
purposes, “Nonstatutory Leave of Absence” means any unpaid leave of absence
approved by the Company that the Company is not required to provide to
Participant pursuant to Applicable Law.

       

      Unless
otherwise defined herein or in Appendix A, capitalized terms herein or in
Appendix A will have the defined meanings ascribed to them in the
Plan.

       

      IMPORTANT:

       

      The
Company’s obligation to deliver Shares pursuant to this Award of Restricted
Stock Units is subject to all of the terms and conditions contained in Appendix
A and the Plan.  Before the Company delivers any Shares pursuant to
this Restricted Stock Unit Award Agreement, you must click on the link to each
of the documents required for acceptance, including, without limitation, the
Restricted Stock Unit Award Agreement and Appendix A thereto, the Plan, and, if
applicable, the Restricted Stock Unit Award Tax Obligations and the Data Privacy
Consent (collectively, the “Award Documents”) and review each.  PLEASE BE SURE TO READ APPENDIX A,
WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS
AWARD.

       

      By
clicking the “ACCEPT” button, you agree to the following:

       

      You
acknowledge and agree that:

       

      (a)           you
have been able to access and view the Award Documents and understand that all
rights and obligations with respect to this Award are set forth in such
documents;

       

      (b)           you
agree to all terms and conditions contained in the Award Documents;

       

      (c)           the
Award Documents set forth the entire understanding between the Company and you
regarding this Award and your right to acquire Shares thereunder;

       

      (d)           if
you are employed in or are otherwise subject to taxation in Finland, Norway,
Switzerland or the United Kingdom on the date of this Award, you have previously
executed an Agreement for the Transfer of Employer’s Share Award Tax Liability
to the Employee, and you understand that this Award is subject to the terms of
the Agreement for the Transfer of Employer’s Share Award Tax Liability;
and

       

      (e)           you
have previously executed an Employee Confidentiality Agreement as consideration
for this Award.

      
        
           

        

        
           

          
          

        

        
           

        

      

      APPENDIX
A

       

      TERMS
AND CONDITIONS OF RESTRICTED STOCK UNIT AWARDS

       

      1.           Grant.  The
Company hereby grants to the Participant under the Plan an Award for a number of
Restricted Stock Units set forth in the Restricted Stock Unit Agreement, subject
to all of the terms and conditions of the Restricted Stock Unit Agreement,
including this Appendix A (collectively, the “Award Agreement”), and the
Plan.

       

      2.           Company’s Obligation to
Pay.  Each Restricted Stock Unit represents the right to
receive a Share on the date it becomes vested.  Unless and until the
Restricted Stock Units will have vested in the manner set forth in Sections 3
and 4, the Participant will have no right to payment of any such Restricted
Stock Units.  Prior to actual payment of any vested Restricted Stock
Units, such Restricted Stock Units will represent an unsecured obligation of the
Company, payable (if at all) only from the general assets of the
Company.  Subject to the provisions of Section 5, such vested
Restricted Stock Units will be paid in Shares as soon as practicable after
vesting, but in each such case within the period ending no later than the
fifteenth (15th) day
of the third (3rd)
month following the end of the Fiscal Year that includes the vesting
date.

      

      3.           Vesting
Schedule.  Except as provided in
Sections 4 and 5, and subject to Section 6, the Restricted Stock
Units awarded by this Award Agreement will vest in the Participant according to
the vesting schedule set forth in the Award Agreement.  In the event
any Restricted Stock Units have not vested by the fifteenth (15th)
anniversary of the Vesting Commencement Date, the then-unvested Restricted Stock
Units awarded by this Award Agreement will thereupon be forfeited at no cost to
the Company and the Participant will have no further rights
thereunder.

      

      4.           Acceleration of Vesting upon
Death or Disability.  In the event Participant ceases to be an
Employee as the result of Participant’s death or “Disability”
prior to the fifteenth (15th)
anniversary of the Vesting Commencement Date, 100% of the Restricted Stock Units
that have not vested as of such date will immediately vest.  For these purposes, “Disability” will have
the meaning given to such term in the employment agreement between Participant
and the Company; provided, however, that if Participant has no employment agreement, “Disability”
will mean a total and permanent disability as defined in Section 22(e)(3) of the
Code as determined by the Administrator and in accordance with the
Plan.

       

      5.           Administrator
Discretion.  The Administrator,
in its discretion, may accelerate the vesting of the balance, or some lesser
portion of the balance, of the unvested Restricted Stock Units at any
time.  If so accelerated, such Restricted Stock Units will be
considered as having vested as of the date specified by the
Administrator.

       

      Notwithstanding
anything in the Plan or this Award Agreement to the contrary, if the vesting of
the balance, or some lesser portion of the balance, of the Restricted Stock
Units is accelerated in connection with Participant’s termination as a Service
Provider (provided that such termination is a “separation from service” within
the meaning of Section 409A, as determined by the Company), other than due to
death, and if (x) Participant is a “specified employee” within the meaning of
Section 409A at the time of such termination as a Service Provider and (y) the
payment of such accelerated Restricted Stock Units will result in the imposition
of additional tax under Section 409A if paid to Participant on or within the six
(6) month period following Participant’s termination as a Service Provider, then
the payment of such accelerated Restricted Stock Units will not be made until
the date six (6) months and one (1) day following the date of Participant’s
termination as a Service Provider, unless the Participant dies following his or
her termination as a Service Provider, in which case, the Restricted Stock Units
will be paid in Shares to the Participant’s estate as soon as practicable
following his or her death.  It is the intent of this Award Agreement
to comply with the requirements of Section 409A so that none of the Restricted
Stock Units provided under this Award Agreement or Shares issuable thereunder
will be subject to the additional tax imposed under Section 409A, and any
ambiguities herein will be interpreted to so comply.  For purposes of
this Award Agreement, “Section 409A” means Section 409A of the Code, and any
proposed, temporary or final Treasury Regulations and Internal Revenue Service
guidance thereunder, as each may be amended from time to time.

      

      6.           Forfeiture upon Termination
of Continuous Service.  If Participant ceases to be an Employee
for any reason other than death or Disability, the then-unvested Restricted
Stock Units (after taking into any accelerated vesting that may occur as the
result of any such termination) awarded by this Award Agreement will thereupon
be forfeited at no cost to the Company and the Participant will have no further
rights thereunder.

       

      7.           Payment after
Vesting.  Any Restricted Stock Units that vest in accordance
with Sections 3, 4 or 5 will be paid to the
Participant (or in the event of the Participant’s death, to his or her estate)
in whole Shares, and no fractional Shares shall be issued.  As
determined by the Administrator, any fraction of a Share shall be paid in cash
based on the Fair Market Value of a Share.

       

      8.           Payments after
Death or
Disability.  Any distribution or delivery to be made to the
Participant under this Agreement will, if the Participant is then deceased or Disabled, be made to the Participant’s legal
representatives, guardian, heirs, legatees
or distributees, as
applicable.  Any such transferee must furnish the Company with
(a) written notice of his or her status as transferee, and (b) evidence
satisfactory to the Company to establish the validity of the transfer and
compliance with any laws or regulations pertaining to said
transfer.

       

      9.           Withholding of
Taxes.  Notwithstanding any contrary provision of this Award
Agreement, no Shares will be delivered to the Participant, unless and until
satisfactory arrangements (as determined by the Administrator) will have been
made by the Participant with respect to the payment of income, employment and
other taxes which the Company determines must be withheld with respect to such
Shares so deliverable.

       

      10.           Rights as
Stockholder.  Neither the Participant nor any person claiming
under or through the Participant will have any of the rights or privileges of a
stockholder of the Company in respect of any Shares deliverable hereunder unless
and until certificates representing such Shares will have been issued (including
in book entry), recorded on the records of the Company or its transfer agents or
registrars, and, if applicable, delivered to the Participant.

       

      11.           No Effect on Employment or
Service.  The Participant’s employment or other service with
the Company and its Subsidiaries is on an at-will basis
only.  Accordingly, the terms of the Participant’s employment or
service with the Company and its Subsidiaries will be determined from time to
time by the Company or the Subsidiary employing the Participant (as the case may
be), and the Company or the Subsidiary will have the right, which is hereby
expressly reserved, to terminate or change the terms of the employment or
service of the Participant at any time for any reason whatsoever, with or
without good cause.

       

      12.           Address for
Notices.  Any notice to be given to the Company under the terms
of this Agreement will be addressed to the Company at 11500 N. Mopac Expressway,
Building A, Austin, Texas 78759, Attn: Stock Administrator, or at such other
address as the Company may hereafter designate in writing.

       

      13.           Grant is Not
Transferable.  Except to the limited extent provided in Section 8, this grant and the rights and
privileges conferred hereby will not be transferred, assigned, pledged or
hypothecated in any way (whether by operation of law or otherwise) and will not
be subject to sale under execution, attachment or similar
process.  Upon any attempt to transfer, assign, pledge, hypothecate or
otherwise dispose of this grant, or any right or privilege conferred hereby, or
upon any attempted sale under any execution, attachment or similar process, this
grant and the rights and privileges conferred hereby immediately will become
null and void.

       

      14.           Binding
Agreement.  Subject to the limitation on the transferability of
this grant contained herein, this Award Agreement will be binding upon and inure
to the benefit of the heirs, legatees, legal representatives, successors and
assigns of the parties hereto.

       

      15.           Additional Conditions to
Issuance of Stock.  If at any time the Company will determine,
in its discretion, that the listing, registration or qualification of the Shares
upon any securities exchange or under any state or federal law, or the consent
or approval of any governmental regulatory authority is necessary or desirable
as a condition to the issuance of shares to the Participant (or his or her
estate), such issuance will not occur unless and until such listing,
registration, qualification, consent or approval will have been effected or
obtained free of any conditions not acceptable to the Company.  The
Company will make all reasonable efforts to meet the requirements of any such
state or federal law or securities exchange and to obtain any such consent or
approval of any such governmental authority.

       

      16.           Plan
Governs.  This Award Agreement is subject to all terms and
provisions of the Plan.  In the event of a conflict between one or
more provisions of this Award Agreement and one or more provisions of the Plan,
the provisions of the Plan will govern.

       

      17.           Administrator
Authority.  The Administrator will have the power to interpret
the Plan and this Award Agreement and to adopt such rules for the
administration, interpretation and application of the Plan as are consistent
therewith and to interpret or revoke any such rules (including, but not limited
to, the determination of whether or not any Restricted Stock Units have
vested).  All actions taken and all interpretations and determinations
made by the Administrator in good faith will be final and binding upon
Participant, the Company and all other interested persons.  No member
of the Board or its Committee administering the Plan will be personally liable
for any action, determination or interpretation made in good faith with respect
to the Plan or this Award Agreement.

       

      18.           Captions.  Captions
provided herein are for convenience only and are not to serve as a basis for
interpretation or construction of this Award Agreement.

       

      19.           Agreement
Severable.  In the event that any provision in this Award
Agreement will be held invalid or unenforceable, such provision will be
severable from, and such invalidity or unenforceability will not be construed to
have any effect on, the remaining provisions of this Award
Agreement.current_employee.htm

    EXHIBIT
10.4

      NATIONAL
INSTRUMENTS CORPORATION

       

      Restricted
Stock Unit Award Agreement

      (Current
Employee)

       

      Grant
Number:           «RSU_Number»

       

      National
Instruments Corporation (the “Company”) hereby grants you, «First» «Middle»
«Last» (the
“Participant”), an award of restricted stock units (“Restricted Stock Units”)
under the National Instruments Corporation 2010 Incentive Plan (the
“Plan”).  Subject to the provisions of Appendix A (attached) and
of the Plan, the principal features of this Award are as follows:

       

      Date of
Grant:

       

      Number of Restricted Stock
Units:                       «RSU_Shares»

       

      Vesting Commencement
Date:                              May
1, 201[__]

       

      Vesting of Restricted Stock
Units:   The Restricted Stock Units will vest according to
the following schedule:

       

      Subject
to any accelerated vesting provisions in the Plan, the Restricted Stock Units
will vest as follows:

       

      Twenty
percent (20%) of the Restricted Stock Units will vest on each anniversary of the
Vesting Commencement Date, subject to Participant continuing to be an Employee
through such dates, and satisfying the Full-Time Employment Requirement for an
Eligible Vesting Year.

       

      Restricted
Stock Units will not vest during any Eligible Vesting Year if for six months or
more during such Eligible Vesting Year (i) Participant is on a Nonstatutory
Leave of Absence, and/or (ii) Participant is not a Full-Time Employee (the
“Full-Time Employment Requirement”).

       

      In the
event that no Restricted Stock Units vest during an Eligible Vesting Year for
failure to satisfy the Full-Time Employment Requirement (the “Forgone Annual
Units”), then the Forgone Annual Units that fail to so vest will be eligible to
vest in a subsequent Eligible Vesting Year during which the Full-Time Employment
Requirement is satisfied; provided, however, that no more than one Eligible
Vesting Year’s worth of Forgone Annual Units will be able to vest in any such
subsequent Eligible Vesting Year; provided, further, that any Restricted Stock
Units that fail to vest hereunder by the fifteenth (15th)
anniversary of the Vesting Commencement Date will not be eligible to vest
thereafter and will automatically be forfeited at no cost to the Company and the
Participant will have no further rights with respect thereto.

       

      For these
purposes, an “Eligible Vesting Year” means the period between May 1 through the
following April 30 of each year from the Vesting Commencement Date through the
fifteenth (15th)
anniversary of the Vesting Commencement Date.

       

      For these
purposes, “Full-Time Employee” means that Participant works in a position of
employment with the Company or any Subsidiary of the Company in which
Participant is regularly scheduled to work forty (40) or more hours per week or
a normal full-time work week pursuant to Applicable Law.

       

      For these
purposes, “Nonstatutory Leave of Absence” means any unpaid leave of absence
approved by the Company that the Company is not required to provide to
Participant pursuant to Applicable Law.

       

      Unless
otherwise defined herein or in Appendix A, capitalized terms herein or in
Appendix A will have the defined meanings ascribed to them in the
Plan.

       

      IMPORTANT:

       

      The
Company’s obligation to deliver Shares pursuant to this Award of Restricted
Stock Units is subject to all of the terms and conditions contained in Appendix
A and the Plan.  Before the Company delivers any Shares pursuant to
this Restricted Stock Unit Award Agreement, you must click on the link to each
of the documents required for acceptance, including, without limitation, the
Restricted Stock Unit Award Agreement and Appendix A thereto, the Plan, and, if
applicable, the Restricted Stock Unit Award Tax Obligations and the Data Privacy
Consent (collectively, the “Award Documents”) and review each.  PLEASE BE SURE TO READ APPENDIX A,
WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS
AWARD.

       

      By
clicking the “ACCEPT” button, you agree to the following:

       

      You
acknowledge and agree that:

       

      (a)           you
have been able to access and view the Award Documents and understand that all
rights and obligations with respect to this Award are set forth in such
documents;

       

      (b)           you
agree to all terms and conditions contained in the Award Documents;

       

      (c)           the
Award Documents set forth the entire understanding between the Company and you
regarding this Award and your right to acquire Shares thereunder;

       

      (d)           if
you are employed in or are otherwise subject to taxation in Finland, Norway,
Switzerland or the United Kingdom on the date of this Award, you have previously
executed an Agreement for the Transfer of Employer’s Share Award Tax Liability
to the Employee, and you understand that this Award is subject to the terms of
the Agreement for the Transfer of Employer’s Share Award Tax Liability;
and

       

       

      (e)           you
have previously executed an Employee Confidentiality Agreement as consideration
for this Award.

       

       

      
        
           

        

        
           

          
          

        

        
           

        

      

      APPENDIX
A

       

      TERMS
AND CONDITIONS OF RESTRICTED STOCK UNIT AWARDS

       

      1.           Grant.  The
Company hereby grants to the Participant under the Plan an Award for a number of
Restricted Stock Units set forth in the Restricted Stock Unit Agreement, subject
to all of the terms and conditions of the Restricted Stock Unit Agreement,
including this Appendix A (collectively, the “Award Agreement”), and the
Plan.

       

      2.           Company’s Obligation to
Pay.  Each Restricted Stock Unit represents the right to
receive a Share on the date it becomes vested.  Unless and until the
Restricted Stock Units will have vested in the manner set forth in Sections 3
and 4, the Participant will have no right to payment of any such Restricted
Stock Units.  Prior to actual payment of any vested Restricted Stock
Units, such Restricted Stock Units will represent an unsecured obligation of the
Company, payable (if at all) only from the general assets of the
Company.  Subject to the provisions of Section 5, such vested
Restricted Stock Units will be paid in Shares as soon as practicable after
vesting, but in each such case within the period ending no later than the
fifteenth (15th) day
of the third (3rd)
month following the end of the Fiscal Year that includes the vesting
date.

      

      3.           Vesting
Schedule.  Except as provided in
Sections 4 and 5, and subject to Section 6, the Restricted Stock
Units awarded by this Award Agreement will vest in the Participant according to
the vesting schedule set forth in the Award Agreement.  In the event
any Restricted Stock Units have not vested by the fifteenth (15th)
anniversary of the Vesting Commencement Date, the then-unvested Restricted Stock
Units awarded by this Award Agreement will thereupon be forfeited at no cost to
the Company and the Participant will have no further rights
thereunder.

       

      4.           Acceleration of Vesting upon
Death or Disability.  In the event Participant ceases to be an
Employee as the result of Participant’s death or "Disability" prior to the fifteenth (15th)
anniversary of the Vesting Commencement Date, 100% of the Restricted Stock Units
that have not vested as of such date will immediately vest.  For these purposes, “Disability” will have
the meaning given to such term in the employment agreement between Participant
and the Company; provided, however, that if Participant has no employment agreement, “Disability”
will mean a total and permanent disability as defined in Section 22(e)(3) of the
Code as determined by the Administrator and in accordance with the
Plan.

       

      5.           Administrator
Discretion.  The Administrator,
in its discretion, may accelerate the vesting of the balance, or some lesser
portion of the balance, of the unvested Restricted Stock Units at any
time.  If so accelerated, such Restricted Stock Units will be
considered as having vested as of the date specified by the
Administrator.

       

      Notwithstanding
anything in the Plan or this Award Agreement to the contrary, if the vesting of
the balance, or some lesser portion of the balance, of the Restricted Stock
Units is accelerated in connection with Participant’s termination as a Service
Provider (provided that such termination is a “separation from service” within
the meaning of Section 409A, as determined by the Company), other than due to
death, and if (x) Participant is a “specified employee” within the meaning of
Section 409A at the time of such termination as a Service Provider and (y) the
payment of such accelerated Restricted Stock Units will result in the imposition
of additional tax under Section 409A if paid to Participant on or within the six
(6) month period following Participant’s termination as a Service Provider, then
the payment of such accelerated Restricted Stock Units will not be made until
the date six (6) months and one (1) day following the date of Participant’s
termination as a Service Provider, unless the Participant dies following his or
her termination as a Service Provider, in which case, the Restricted Stock Units
will be paid in Shares to the Participant’s estate as soon as practicable
following his or her death.  It is the intent of this Award Agreement
to comply with the requirements of Section 409A so that none of the Restricted
Stock Units provided under this Award Agreement or Shares issuable thereunder
will be subject to the additional tax imposed under Section 409A, and any
ambiguities herein will be interpreted to so comply.  For purposes of
this Award Agreement, “Section 409A” means Section 409A of the Code, and any
proposed, temporary or final Treasury Regulations and Internal Revenue Service
guidance thereunder, as each may be amended from time to time.

       

      6.           Forfeiture upon Termination
of Continuous Service.  If Participant ceases to be an Employee
for any reason other than death or Disability, the then-unvested Restricted
Stock Units (after taking into any accelerated vesting that may occur as the
result of any such termination) awarded by this Award Agreement will thereupon
be forfeited at no cost to the Company and the Participant will have no further
rights thereunder.

       

      7.           Payment after
Vesting.  Any Restricted Stock Units that vest in accordance
with Sections 3, 4 or 5 will be paid to the
Participant (or in the event of the Participant’s death, to his or her estate)
in whole Shares, and no fractional Shares shall be issued.  As
determined by the Administrator, any fraction of a Share shall be paid in cash
based on the Fair Market Value of a Share.

       

      8.           Payments after
Death or
Disability.  Any distribution or delivery to be made to the
Participant under this Agreement will, if the Participant is then deceased or Disabled, be made to the Participant’s
legal representatives,  heirs,
legatees or distributees, as
applicable.  Any such transferee must furnish the Company with
(a) written notice of his or her status as transferee, and (b) evidence
satisfactory to the Company to establish the validity of the transfer and
compliance with any laws or regulations pertaining to said
transfer.

       

      9.           Withholding of
Taxes.  Notwithstanding any contrary provision of this Award
Agreement, no Shares will be delivered to the Participant, unless and until
satisfactory arrangements (as determined by the Administrator) will have been
made by the Participant with respect to the payment of income, employment and
other taxes which the Company determines must be withheld with respect to such
Shares so deliverable.

       

      10.           Rights as
Stockholder.  Neither the Participant nor any person claiming
under or through the Participant will have any of the rights or privileges of a
stockholder of the Company in respect of any Shares deliverable hereunder unless
and until certificates representing such Shares will have been issued (including
in book entry), recorded on the records of the Company or its transfer agents or
registrars, and, if applicable, delivered to the Participant.

       

      11.           No Effect on Employment or
Service.  The Participant’s employment or other service with
the Company and its Subsidiaries is on an at-will basis
only.  Accordingly, the terms of the Participant’s employment or
service with the Company and its Subsidiaries will be determined from time to
time by the Company or the Subsidiary employing the Participant (as the case may
be), and the Company or the Subsidiary will have the right, which is hereby
expressly reserved, to terminate or change the terms of the employment or
service of the Participant at any time for any reason whatsoever, with or
without good cause.

       

      12.           Address for
Notices.  Any notice to be given to the Company under the terms
of this Agreement will be addressed to the Company at 11500 N. Mopac Expressway,
Building A, Austin, Texas 78759, Attn: Stock Administrator, or at such other
address as the Company may hereafter designate in writing.

       

      13.           Grant is Not
Transferable.  Except to the limited extent provided in Section 8, this grant and the rights and
privileges conferred hereby will not be transferred, assigned, pledged or
hypothecated in any way (whether by operation of law or otherwise) and will not
be subject to sale under execution, attachment or similar
process.  Upon any attempt to transfer, assign, pledge, hypothecate or
otherwise dispose of this grant, or any right or privilege conferred hereby, or
upon any attempted sale under any execution, attachment or similar process, this
grant and the rights and privileges conferred hereby immediately will become
null and void.

       

      14.           Binding
Agreement.  Subject to the limitation on the transferability of
this grant contained herein, this Award Agreement will be binding upon and inure
to the benefit of the heirs, legatees, legal representatives, successors and
assigns of the parties hereto.

       

      15.           Additional Conditions to
Issuance of Stock.  If at any time the Company will determine,
in its discretion, that the listing, registration or qualification of the Shares
upon any securities exchange or under any state or federal law, or the consent
or approval of any governmental regulatory authority is necessary or desirable
as a condition to the issuance of shares to the Participant (or his or her
estate), such issuance will not occur unless and until such listing,
registration, qualification, consent or approval will have been effected or
obtained free of any conditions not acceptable to the Company.  The
Company will make all reasonable efforts to meet the requirements of any such
state or federal law or securities exchange and to obtain any such consent or
approval of any such governmental authority.

       

      16.           Plan
Governs.  This Award Agreement is subject to all terms and
provisions of the Plan.  In the event of a conflict between one or
more provisions of this Award Agreement and one or more provisions of the Plan,
the provisions of the Plan will govern.

       

      17.           Administrator
Authority.  The Administrator will have the power to interpret
the Plan and this Award Agreement and to adopt such rules for the
administration, interpretation and application of the Plan as are consistent
therewith and to interpret or revoke any such rules (including, but not limited
to, the determination of whether or not any Restricted Stock Units have
vested).  All actions taken and all interpretations and determinations
made by the Administrator in good faith will be final and binding upon
Participant, the Company and all other interested persons.  No member
of the Board or its Committee administering the Plan will be personally liable
for any action, determination or interpretation made in good faith with respect
to the Plan or this Award Agreement.

       

      18.           Captions.  Captions
provided herein are for convenience only and are not to serve as a basis for
interpretation or construction of this Award Agreement.

       

      19.           Agreement
Severable.  In the event that any provision in this Award
Agreement will be held invalid or unenforceable, such provision will be
severable from, and such invalidity or unenforceability will not be construed to
have any effect on, the remaining provisions of this Award
Agreement.

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