Document:

EX-10.12

 Exhibit 10.12 

Global Form 
 STOCK
OPTION AGREEMENT 
 Time Vesting Option 

THIS STOCK OPTION AGREEMENT (the “Agreement”), made by and between Denali Holding Inc., a Delaware corporation (the
“Company”), and [                 ] (the “Optionee”), is effective as of
[            ], 2013 (the “Grant Date”). Any capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Denali Holding Inc. 2013 Stock
Incentive Plan (the “Plan”). 
 WHEREAS, as an incentive for the Optionee’s efforts during the Optionee’s
Employment with the Company and its Affiliates, the Company wishes to afford the Optionee the opportunity to purchase a number of Shares, pursuant to the terms and conditions set forth in this Agreement and the Plan; and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this Agreement,
pursuant to which the Committee has instructed the undersigned officer to issue the Stock Award described below. 
 NOW, THEREFORE, in
consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows: 

ARTICLE I 
 DEFINITIONS 

Section 1.1. Defined Terms. Capitalized terms not otherwise defined herein shall have the same meaning set forth in the Plan. 

(a) “Direct Competitor” means (i) any Person or other business concern that offers or plans to offer products or services
that are materially competitive with any of the products or services being manufactured, offered, marketed, or are actively being developed by Dell or any of its Affiliates as of the date of the Optionee’s termination of Employment, and (ii)
any Affiliate of any Person or other business concern specified in clause (i). By way of illustration, and not by limitation, as of the Grant Date, the following companies meet the definition of Direct Competitor: Accenture LLP, Acer Inc.,
Apple Inc., CDW Corporation, Cisco Systems, Inc., Cognizant Technology Solutions Corporation, Computer Sciences Corporation, EMC Corporation, Hewlett-Packard Company, International Business Machines Corporation, Infosys Limited, Lenovo Group
Limited, Oracle Corporation, Samsung Electronics Co., Ltd., Tata Group and Wipro Limited. 
 (b) “Repayment Behavior” means
the Optionee’s (i) commencement of employment or service with a Direct Competitor in a role that is similar to any role the Optionee held at the Company or any of its Affiliates during the twenty four (24) months prior to the Optionee’s
termination of Employment or in a role that could result in the Optionee using the Company’s or any of its Affiliates’ confidential information or trade secrets, (ii) disclosure of any of the Company’s or any of its Affiliates’
confidential information or trade secrets, or (iii) solicitation of any employee of the Company or any of its Affiliates to terminate employment with the Company or such Affiliate. 

(c) “Repurchase Limitations” has the meaning given to such term in the Management Stockholders Agreement. 

  
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 ARTICLE II 

GRANT OF OPTIONS 
 Section
2.1. Grant of Option. 
 (a) Number of Shares Subject to Option. For good and valuable consideration, on and as of
the date hereof, the Company irrevocably grants to the Optionee an Option to purchase any part or all of an aggregate number of                  Shares, subject to the
adjustment as set forth in Section 2.3 hereof (the “Option”). 
 (b) Forfeiture of Long-Term Cash
Award. As a condition to the grant of this Option, the Optionee hereby forfeits the right to receive any amounts under the Dell Inc. Long-Term Cash Incentive and Retention Award granted with respect to the 2014 fiscal year. 

Section 2.2. Exercise Price. 

Subject to Section 2.3 hereof, the per Share exercise price of the Shares covered by the Option shall be $13.75 (the “Option
Price”). 
 Section 2.3. Adjustments to Option. 

The Option shall be subject to adjustment pursuant to Section 9 of the Plan. 

ARTICLE III 
 PERIOD OF
EXERCISABILITY 
 Section 3.1. Vesting and Commencement of Exercisability. 

(a) Vesting Schedule. Subject to the Optionee’s continued Employment on each applicable anniversary of the Grant Date, the Option
shall vest and become exercisable with respect to 20% of the Shares subject to the Option on each of the first, second, third, fourth and fifth anniversaries of the Grant Date. 

(b) Termination of Employment. The portion of the Option that is unvested and unexercisable as of the date of the Optionee’s
termination of Employment for any reason shall immediately expire on the date of such termination without consideration or payment therefor. 

(c) Forfeiture of Unvested Portion of Option upon Repayment Behavior. The unvested portion of the Option shall automatically be
forfeited without consideration or payment therefor upon the first date on which the Optionee engages in any Repayment Behavior (as determined by the Committee). 

  
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 Section 3.2. Expiration of Option. 

The Optionee may not exercise the exercisable portion of the Option to any extent after the first to occur of the following events: 

(a) the tenth anniversary of the Grant Date; 

(b) immediately upon the date of the Optionee’s termination of Employment, if the Optionee’s Employment is terminated by the Company
or any of its Affiliates, as applicable, for Cause; or 
 (c) the expiration of the nine (9) month period following the date of the
Optionee’s termination of Employment if the Optionee’s Employment terminates for any reason other than for Cause. 
 ARTICLE IV

 EXERCISE OF OPTION 
 Section
4.1. Person Eligible to Exercise. 
 Except as otherwise permitted by the Committee in writing or by the Management Stockholders
Agreement, the Optionee is the only Person that may exercise the exercisable portion of the Option, unless and until the Optionee dies or suffers a Disability. After the Disability or death of the Optionee, the exercisable portion of the Option
may, prior to the time when the Option becomes unexercisable under Section 3.2 hereof, be exercised by the Optionee’s personal representative, guardian or by any person empowered to do so under the Optionee’s will or under the then
Applicable Laws of descent and distribution. 
 Section 4.2. Exercisability of Option. 

Any exercisable portion of an Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior
to the time when the Option or portion thereof becomes unexercisable under Section 3.2; provided, however, that any partial exercise shall be for whole Shares only. For the avoidance of doubt, the Option shall not be
exercisable with respect to any of the Shares subject thereto prior to the date (if any) the Option has vested with respect to such Shares in accordance with Section 3.1. 

Section 4.3. Manner of Exercise. 

Any exercisable portion of the Option may be exercised solely by delivering to the Office of the Secretary of the Company at the
Company’s principal office, all of the following prior to the time when the Option or such portion becomes unexercisable under Section 3.2: 

(a) notice in writing signed by the Optionee or the other Person then entitled to exercise the Option or portion thereof, stating that the
Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee; 

  
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 (b) full payment of the aggregate Option Price for the Shares with respect to which such Option
or portion thereof is exercised (i) in cash (by check or wire transfer or a combination of the foregoing), (ii) a “net exercise” method whereby the Option Price for the Shares being exercised is satisfied by the Company withholding from
the Shares otherwise issuable to the Optionee, that number of Shares having an aggregate Fair Market Value, determined as of the date of exercise, equal to the product of (x) the Option Price and (y) the number of Shares with respect to which the
Option is being exercised, or (iii) any combination of the foregoing methods, as elected by the Optionee; 
 (c) a bona fide written
representation and agreement, in a form satisfactory to the Committee, signed by the Optionee or other Person then entitled to exercise such Option or portion thereof, stating that the Shares are being acquired for the Optionee’s own account,
for investment and without any present intention of distributing or reselling said Shares or any of them except as may be permitted under the Securities Act, and that the Optionee or other Person then entitled to exercise such Option or portion
thereof will indemnify the Company against and hold it free and harmless from any loss, damage, expense or liability resulting to the Company if any sale or distribution of the Shares by such Person is contrary to the representation and agreement
referred to above; provided, however, that the Committee may, in its reasonable discretion, take whatever additional actions it deems reasonably necessary to ensure the observance and performance of such representation and agreement
and to effect compliance with the Securities Act and any other federal or state securities laws or regulations; 
 (d) unless already
delivered, a written instrument (a “Joinder”) pursuant to which the Optionee agrees to be bound by the terms and conditions of the Management Stockholders Agreement to the same extent as a Management Stockholder thereunder, as
provided as Annex A to the Management Stockholders Agreement; 
 (e) full payment to the Company or any of its Affiliates, as
applicable, of all amounts which, under federal, state, local and/or non-U.S. law, such entity is required to withhold upon exercise of the Option; provided, that, at the Optionee’s election, such withholding obligation may be satisfied
by the Company withholding from the Shares otherwise issuable to the Optionee that number of Shares having an aggregate Fair Market Value, determined as of the date the withholding tax obligation arises, equal to such withholding tax obligation (but
in no event more than the minimum required tax withholding); provided, further, that, the Optionee’s right to elect such share withholding shall be subject to Section 4.6(b) of the Management Stockholders Agreement, and any
limitations imposed under Delaware law or other Applicable Law and/or under the terms of any preferred stock, debt financing arrangements or other indebtedness of the Company or its Subsidiaries (including any such limitations resulting from the
Company’s Subsidiaries being prohibited or prevented from distributing to the Company sufficient proceeds or funds to enable the Company to repurchase Common Stock in accordance with Delaware law or other Applicable Law and/or the then
applicable terms and conditions of such arrangements); and 
 (f) in the event the Option or portion thereof shall be exercised pursuant to
Section 4.1 by any Person or Persons other than the Optionee, appropriate proof of the right of such Person or Persons to exercise the Option. 

  
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 Without limiting the generality of the foregoing, any subsequent transfer of Shares shall be
subject to the terms and conditions of the Management Stockholders Agreement and the Committee may require an opinion of counsel acceptable to it to the effect that any subsequent transfer of Shares acquired on exercise of the Option does not
violate the Securities Act, and may, in its reasonable discretion, issue stop-transfer orders covering such Shares. The written representation and agreement referred to in subsection (c) above shall, however, not be required if the subsequent
transfer of the Shares to be issued pursuant to such exercise has been registered under the Securities Act, and such registration is then effective in respect of such Shares.

Section 4.4. Conditions to Issuance of Shares. 

The Company shall not be required to record the ownership by the Optionee of Shares purchased upon the exercise of an Option or portion
thereof prior to fulfillment of all of the following conditions: 
 (a) the obtaining of approval or other clearance from any federal,
state, local or non-U.S. governmental agency which the Committee shall, in its reasonable and good faith discretion, determine to be necessary or advisable; 

(b) the lapse of such reasonable period of time following the exercise of the Option as the Committee may from time to time establish for
reasons of administrative convenience or as may otherwise be required by Applicable Law; and 
 (c) the execution and delivery of the
Joinder by the Optionee to the extent the Optionee is not already a party to the Management Stockholders Agreement. 
 Section 4.5. Rights as
Stockholder. 
 The Optionee shall not be, and shall not have any of the rights or privileges of, stockholders of the Company in respect
of any Shares purchasable in connection with the Option or any portion thereof unless and until a book entry representing such Shares has been made on the books and records of the Company. 

ARTICLE V 
 MISCELLANEOUS

 Section 5.1. Administration. 

The Committee shall have the power to interpret the Plan and this 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. All actions taken and all interpretations and determinations made by the Committee shall be final and binding upon the Optionee and his or her
beneficiaries or successors, the Company and all other interested persons (including, without limitation, any determination that the Optionee engaged in Repayment Behavior). No member of the Committee shall be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan or the Option. In its absolute discretion, the Board may at any time, and from time to time, exercise any and all rights and duties of the Committee under the Plan and
this Agreement. 

  
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 Section 5.2. Option Not Transferable. 

Except as otherwise permitted by the Committee in writing, neither the Option nor any interest or right therein or part thereof shall be
subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other
legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that, to the extent permitted by Applicable Law, this Section 5.2 shall not
prevent transfers by will or by the Applicable Laws of descent and distribution. 
 Section 5.3. Forfeiture and Repayment Obligation for Engaging in
Repayment Behavior. 
 (a) By accepting this Option, the Optionee acknowledges and agrees that, if the Committee determines that the
Optionee engaged in Repayment Behavior at any time during the Optionee’s Employment or the one-year period following the termination of the Optionee’s Employment, then, in addition to the consequences described in Section 3.1(c)
above, upon the date on which the Optionee first engages in such Repayment Behavior (as determined by the Committee) (such date, the “Trigger Date”): (i) if and to the extent then outstanding, the portion of the Option held by the
Optionee or any member of the Optionee’s Management Stockholder Group (as defined in the Management Stockholders Agreement) that first vested and became exercisable during the two-year period immediately preceding the earlier of (x) the Trigger
Date and (y) the date on which the Optionee’s Employment terminated shall be automatically forfeited for no consideration (such two year period, the “Claw Back Period” and such portion of the Option, the “Claw Back
Option”), (ii) any Shares then held by the Optionee or any member of the Optionee’s Management Stockholder Group that were acquired upon the exercise of the Claw Back Option will immediately cease to be transferable by the Optionee or
any members of the Optionee’s Management Stockholder Group (other than to the Optionee’s Management Stockholder Group pursuant to Section 3.3 of the Management Stockholders Agreement, to the Company pursuant to this clause (ii), or
transfers pursuant to and in accordance with the provisions of Sections 3.4 and 3.5 of the Management Stockholders Agreement) and, subject to any applicable Repurchase Limitations, may, at the Company’s election, be repurchased by the Company
for a payment equal to the aggregate Option Price paid by the Optionee or any member of the Optionee’s Management Stockholder Group to acquire such Shares, which election shall be made within the three (3) month period following the later of
(A) the Trigger Date and (B) the date on which such Shares were acquired by the Optionee or any member of the Optionee’s Management Stockholder Group (provided, that for purposes of this clause (ii), if the Company has made the election
described above in this clause (ii), it shall repurchase all such Shares which the Company failed to purchase due to Repurchase Limitations as soon as practicable, in compliance with, and subject to the terms of, the Management Stockholders
Agreement), and (iii) if the Optionee or any member of the Optionee’s Management Stockholder Group have sold any Shares (including any sales or repurchases pursuant to the provisions of Article IV of the Management Stockholders Agreement) that
were acquired upon the exercise of the Claw Back Option during the Claw Back Period, the Optionee and each member of the Optionee’s Management Stockholder Group shall be required to promptly (and in any event, no later than ten (10) days
following receipt of notice thereof from the Company or one of its Affiliates) pay to the Company, in cash (in U.S. dollars) and on demand in immediately available funds by wire 

  
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transfer an amount equal to (A) the amount paid by the acquiror(s) (which, for the avoidance of doubt, could include the Company, its Subsidiaries or their designee, or any Sponsor Stockholder,
pursuant to the provisions of Article IV of the Management Stockholders Agreement) to the Optionee and/or the members of the Optionee’s Management Stockholder Group in such sale(s) of Shares, minus (B) the aggregate Option Price paid by the
Optionee or any member of the Optionee’s Management Stockholder Group to acquire such sold Shares; provided, that such amount shall not be less than zero. The Optionee understands that this Section 5.3 does not prohibit the
Optionee from competing with the Company and its Affiliates, but rather simply imposes the economic consequences described in this Section 5.3 if the Committee determines that the Optionee has engaged in Repayment Behavior. 

(b) For purposes of this Section 5.3, if the Optionee and/or any member of the Optionee’s Management Stockholder Group sell any
Shares during the Claw Back Period and, at the time of any such sale, the Optionee and the other members of the Optionee’s Management Stockholder Group collectively own (after giving effect to this sentence) both (x) Shares that were acquired
upon exercise of the Claw Back Option during the Claw Back Period and (y) Shares that were not acquired upon exercise of the Claw Back Option during the Claw Back Period, then the Shares that are sold shall be conclusively deemed to not have been
acquired upon exercise of the Claw Back Option during the Claw Back Period unless and until, after giving effect to this sentence, all Shares described in clause (y) have been sold in such sale and are no longer owned by the Optionee or any other
member of the Optionee’s Management Stockholder Group (e.g., if on a date of sale of Shares, the Optionee and the Optionee’s Management Stockholder Group own an aggregate of 1,000 Shares described in clause (x) and 1,000 Shares
described in clause (y) and the Optionee and/or other members of the Optionee’s Management Stockholder Group sell an aggregate of 1,500 Shares, 500 of the Shares sold will be deemed to be Shares that were acquired upon exercise of the Claw Back
Option during the Claw Back Period). The Optionee agrees to promptly provide the Company with all information that the Company reasonably requests in order to determine any amount payable pursuant to this Section 5.3 to the Company by the
Optionee or any member of the Optionee’s Management Stockholder Group. 
 Section 5.4. Applicability of the Plan and the Management
Stockholders Agreement. 
 The Option, and the Shares issued to the Optionee upon exercise of the Option, shall be subject to all of the
terms and provisions of the Plan and the Management Stockholders Agreement, to the extent applicable to the Option and such Shares. Any disputes regarding the determination of matters contemplated in the Management Stockholders Agreement
(including but not limited to the determination of whether the Optionee engaged in Repayment Behavior for purposes of the Management Stockholders Agreement (but not for purposes of this Agreement)) shall be determined in accordance with Section 7.3
(Governing Law) and Section 7.4 (Submissions to Jurisdictions; WAIVER OF JURY TRIAL) of the Management Stockholders Agreement. In the event of any conflict between this Agreement and the Plan, the terms of the Plan shall control. In the
event of any conflict between this Agreement or the Plan and the Management Stockholders Agreement, the terms of the Management Stockholders Agreement shall control. 

  
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 Section 5.5. Notices. 

Any notice to be given under the terms of this Agreement shall be contained in a written instrument delivered in person or sent by facsimile
(with written confirmation of transmission), e-mail (with written confirmation of transmission) or a nationally-recognized overnight courier, which shall be addressed, in the case of the Company to the Office of the Secretary; and if to the
Optionee, to the address, e-mail address or facsimile number appearing in the personnel records of the Company or any of its Affiliates, as applicable. By a notice given pursuant to this Section 5.5, either party may hereafter designate
a different address for notices to be given to that party. Any notice which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s personal representative if such representative has
previously informed the Company of the representative’s status and address by written notice under this Section 5.5. Any and all notices, designations, offers, acceptances or other communications shall be conclusively deemed to have
been given, delivered or received (i) in the case of personal delivery, on the day of actual delivery thereof, (ii) in the case of facsimile or e-mail, on the day of transmittal thereof if given during the normal business hours of the recipient, and
on the business day during which such normal business hours next occur if not given during such hours on any day, and (iii) in the case of dispatch by nationally-recognized overnight courier, on the next business day following the disposition with
such nationally-recognized overnight courier. By notice complying with the foregoing provisions of this Section 5.5, each party shall have the right to change its mailing address, e-mail address or facsimile number for the notices and
communications to such party. The Company and the Optionee hereby consent to the delivery of any and all notices, designations, offers, acceptances or other communications provided for herein by electronic transmission addressed to the e-mail
address or facsimile number of the Company and the Optionee, as applicable, as provided herein. 
 Section 5.6. Titles; Interpretation. 

Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. Defined
terms used in this Agreement shall apply equally to both the singular and plural forms thereof. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The term “hereunder” shall mean this entire Agreement as a whole unless reference to a specific section or
provision of this Agreement is made. Any reference to a Section, subsection and provision is to this Agreement unless otherwise specified. 
 Section
5.7. No Right to Employment or Additional Options or Stock Awards. 
 Nothing in this Agreement or in the Plan shall confer upon
the Optionee any right to continue in Employment, or shall interfere with or restrict in any way the rights of the Company and its Affiliates, which are hereby expressly reserved, to terminate the Employment of the Optionee at any time for any
reason whatsoever, with or without Cause, subject to the applicable provisions, if any, of the Optionee’s Employment agreement (if any such agreement is in effect at the time of such termination). Neither the Optionee nor any other Person shall
have any claim to be granted any additional Options or any other Stock Awards and there is no obligation under the Plan for uniformity of treatment of Participants, or holders or beneficiaries of Options or 

  
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other Stock Awards. The terms and conditions of the Option granted hereunder or any other Stock Award granted under the Plan or otherwise and the Committee’s determinations and
interpretations with respect thereto and/or with respect to the Optionee and any other Participant need not be the same (whether or not the Optionee and any such Participant are similarly situated). 

In addition, except as otherwise provided in the Optionee’s Employment agreement, if the Optionee ceases to be an employee or other
service provider to the Company or any of its Affiliates, as applicable, under no circumstances will the Optionee be entitled to any compensation for any loss of any right or benefit or prospective right or benefit under the Plan which the Optionee
might otherwise have enjoyed whether such compensation is claimed by way of damages for wrongful dismissal or other breach of contract or by way of compensation for loss of office or otherwise. By accepting the Option granted hereunder, the Optionee
acknowledges and agrees that the Option granted hereunder and any other Options or other Stock Awards the Optionee has been awarded under the Plan and any other Options or other Stock Awards the Optionee may be granted in the future, even if such
Options or other Stock Awards are made repeatedly or regularly, and regardless of their amount: (a) are wholly discretionary, are not a term or condition of Employment and do not form part of a contract of Employment, or any other working
arrangement between the Optionee and the Company or any of its Affiliates, (b) do not create any contractual entitlement to receive future Options or other Stock Awards or to continued Employment, and (c) do not form part of salary or remuneration
for purposes of determining pension payments or any other purposes, including, without limitation, termination indemnities, severance, resignation, redundancy, bonuses, long-term service awards, pension or retirement benefits, or similar payments,
except as otherwise required by Applicable Law or as otherwise expressly provided in the Optionee’s Employment agreement. 
 Section 5.8. Data
Privacy. 
 (a) The Optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other
form, of the Optionee’s Data as described in this Section 5.8 by and among, as applicable, the Company and its Affiliates, (including any of their respective payroll administrators), wherever they may be located, (collectively, the
“Data Recipients”) for the exclusive purpose of implementing, administering and managing the Optionee’s participation in the Plan. The Optionee understands that the Data Recipients will collect, hold, and process certain
personal information about the Optionee (including, without limitation, (i) the Optionee’s name, home address, telephone number, date of birth, nationality and job detail and (ii) details of the Option granted hereunder and any other Stock
Award granted to the Optionee) (such personal information, the “Data”). 
 (b) The Data Recipients will treat the Data as
private and confidential and will not disclose the Data for purposes other than the management and administration of the Optionee’s participation in the Plan and will take reasonable measures to keep the Data private, confidential, accurate and
current. 
 (c) Where the transfer is to a destination outside the jurisdiction in which the Optionee resides, the Company and its
Affiliates (including any of their respective payroll administrators) shall take reasonable steps to ensure that the Data continues to be adequately 

  
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protected and securely held. Nonetheless, by accepting the Option granted hereunder, the Optionee acknowledges that the Data may be transferred to a jurisdiction that does not offer the same
level of protection as the jurisdiction in which the Optionee resides. The Optionee understands that the Optionee may request a list with the names and addresses of any potential recipients of the Data by contacting the Optionee’s local
human resources representative. The Optionee authorizes the Data Recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Optionee’s
participation in the Plan, including any requisite transfer of the Data as may be required to a broker or other third party with whom the Optionee may elect to deposit any Shares acquired upon exercise of this Option. The Optionee understands that
the Data will be held only as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan. 
 (d)
The Optionee may, at any time, view the Data, require any necessary corrections to the Data or withdraw the consent referenced in this Section 5.8 by contacting the Secretary of the Company. The Optionee understands, however, that refusing or
withdrawing the Optionee’s consent may affect the Optionee’s ability to participate in the Plan. For more information on the processing of personal data, including the consequences of the Optionee’s refusal to consent or withdrawal of
consent, the Optionee understands that the Optionee may contact the Optionee’s local human resources representative. 
 Section 5.9. Nature of
Grant. 
 In accepting the grant, the Optionee acknowledges that, regardless of any action the Company or its Affiliates takes with
respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), the Optionee acknowledges that the ultimate liability for all Tax-Related Items legally due
by the Optionee is and remains the Optionee’s responsibility, and the Optionee shall pay to, and indemnify and keep indemnified, the Company and its Affiliates from and against Tax-Related Items legally due by the Optionee that are attributable
to the exercise of, or any benefit derived by the Optionee from, the Option and that the Company and its Affiliates (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this
Agreement, including the grant, vesting or exercise of this Option, the subsequent sale of Shares acquired pursuant to such exercise or the receipt of any dividends with respect to such Shares; and (ii) do not commit to structure the terms of the
grant or any aspect of the Option to reduce or eliminate the Optionee’s liability for Tax-Related Items. 
 In addition, in accepting
the grant, the Optionee acknowledges that: 
 (a) the Plan is established voluntarily by the Company, it is discretionary in nature and it
may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; 

(b) the grant of this Option is voluntary and occasional and does not create any contractual or other right to receive future grants of
Options, or benefits in lieu of Options, even if Options have been granted repeatedly in the past; 

  
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 (c) all decisions with respect to future Stock Award grants, if any, will be at the sole
discretion of the Company; 
 (d) the Optionee’s participation in the Plan shall not create a right to further Employment with the
Company or any of its Affiliates and shall not interfere with the ability of the Company or any of its Affiliates to terminate the Optionee’s Employment at any time with or without Cause; 

(e) the Optionee is voluntarily participating in the Plan; 

(f) this Option is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company or
its Affiliates, and is outside the scope of the Optionee’s Employment agreement, if any; 
 (g) this Option, and benefit derived
therefrom, is not part of the Optionee’s normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service
awards, pension or retirement benefits or similar payments; 
 (h) if the Optionee ceases to be an employee or other service provider to the
Company and its Affiliates, this Agreement will not be interpreted to form an employment contract or relationship with the Company or any of its Affiliates, and furthermore, in no event will the Optionee’s participation in the Plan or this
Option grant be interpreted to form an employment contract with the Company or any of its Affiliates; 
 (i) (i) the future value of the
Shares underlying this Option is unknown and cannot be predicted with certainty; (ii) if such underlying Shares do not increase in value, the Option will have no value; and (iii) if the Optionee exercises the Option and obtains Shares, the value of
those Shares may increase or decrease in value, even below the Option Price; 
 (j) (i) no claim or entitlement to compensation or damages
shall arise from termination of the Option, or diminution in value of the Option or Shares purchased through exercise of the Option, resulting from termination of the Optionee’s Employment by the Company or any of its Affiliates (for any reason
whatsoever and whether or not in breach of local labor laws) and the Optionee irrevocably releases the Company and its Affiliates from any such claim that may arise, and (ii) if, notwithstanding the foregoing, any such claim is found by a court of
competent jurisdiction to have arisen, then, by signing this Agreement, the Optionee shall be deemed irrevocably to have waived the Optionee’s entitlement to pursue such claim; 

(k) (i) in the event of involuntary termination of the Optionee’s Employment (whether or not in breach of local labor laws), the
Optionee’s right to exercise the Option after such termination, if any, will be measured by the date of termination of the Optionee’s active Employment (e.g., active employment would not include a period of “garden leave”
or similar period pursuant to local law), and will not be extended by any notice period mandated under local law and (ii) the Company shall have the exclusive discretion to determine when the Optionee is no longer actively employed for all purposes
under this Agreement; and 

  
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 (l) each of the provisions in this Agreement and the restrictions set out in Section 5.3
hereof is an entirely separate, severable and independent provision and/or restriction. If any provision or part-provision, restriction or part-restriction of this Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed
modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision or restriction or part-restriction shall be deemed deleted. Any modification to or
deletion of a provision or part-provision or restriction or part-restriction under this Section 5.9(l) shall not affect the validity and enforceability of the rest of this Agreement. 

Section 5.10. Governing Law. 
 This
Agreement shall be governed in all respects by the laws of the State of Delaware, without regard to conflicts of law principles thereof. 

[Signature on next page.] 

  
 12 

 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto. 

 

			
	DENALI HOLDING INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Optionee
	
	  

  
 [Signature Page to
Global Time Option Agreement]EX-10.13

 Exhibit 10.13 

Dell Inc. Long-Term Cash Incentive and Retention Award 

Dell Inc., a Delaware corporation, and/or its Affiliates, (“Dell”), is pleased to offer you this Long-Term Cash Incentive and Retention Award
(“Award”) Agreement. Dell expects your future contribution to drive its continued success and wants to provide you with both the strategic tools and the financial incentive to achieve Dell’s long-term goals. 

The amount of your total Award is stated in step one of the Stock Plan Administrator’s online grant acceptance process (“Grant Summary”). As a
material inducement to Dell to grant you this Award, you agree to the following terms and conditions. You agree that you are not otherwise entitled to this Award, that Dell is providing you this Award in consideration of your promises and agreements
below, and that Dell would not grant you this Award absent those promises and agreements. This Award agreement, the Grant Summary, and the Dell Inc. 2012 Long-Term Incentive Plan (the “Plan”) set forth the terms of your Award. 

1. Payout Schedule – Your Award will vest and you will receive cash payments in accordance with the schedule in your Grant Summary
(“Award Payments”). Dell shall make an Award Payment as soon as administratively practical following the vesting date; provided that in no event shall any Award Payment be paid later than the fifteenth day of the third month following the
end of the calendar year with respect to which the Award Payment was earned and not subject to forfeiture. Other than termination of Employment due to death or Permanent Disability (as defined in the Plan), your eligibility to receive an Award
Payment is conditioned upon your continued Employment. If your Employment is terminated by reason of your death or Permanent Disability, your Award fully vests and Dell shall make your Award Payment as soon as administratively practical following
your death or Permanent Disability. As used herein, the term “Employment” means your regular full-time or part-time employment with Dell or any of its consolidated Subsidiaries or affiliates, and the term “Employer” means Dell
(if you are employed by Dell) or the consolidated Subsidiary or Affiliate of Dell that employs you. 
 The total amount of your Award listed in your Grant
Summary is denominated in U.S. dollars. Award Payments will be converted from U.S. dollars into your local currency prior to your payment date in accordance with Dell policy.

2. Agreement with Respect to Taxes – You must pay any taxes that are required by law to be withheld by Dell or your Employer. You agree
that Dell or your Employer, in its sole discretion and to the fullest extent permitted by law, shall have the right to demand that you pay such amounts in cash or deduct such amounts from any payments of any kind otherwise due to you. You agree
that, subject to compliance with applicable law, Dell or your Employer may recover from you taxes which may be payable by Dell or your Employer in any jurisdiction in relation to this Award. You agree that Dell or your Employer shall be entitled to
use whatever method they may deem appropriate to recover such taxes including deducting amounts from your Award Payments, recovering taxes via payroll and direct invoicing. You further agree that Dell or your Employer may, as it reasonably considers
necessary, amend or vary this agreement to facilitate such recovery of taxes. 
 3. Return of Award Payments — You understand and agree
that the Award Payments are designed to align your long-term interests with those of Dell and that having your interests aligned with Dell is a condition of retaining any Award Payment made to you. You further understand and agree that if Dell,
acting through the Committee, determines that you engaged in Conduct Detrimental to Dell during your Employment or during the one-year period following the termination of your Employment, you shall return to Dell, upon demand, all Award Payments you
received under this Agreement. You understand and agree that the return of Award Payments under this Agreement is separate from and does not preclude Dell from seeking relief based on your conduct that constitutes Conduct Detrimental to Dell. 

 For purposes of this provision, “Conduct Detrimental to Dell” means: 

 

	 	(i)	You engage in serious misconduct, whether or not such serious misconduct is discovered by Dell prior to the termination of your Employment; 

 

	 	(ii)	You breach your obligations to Dell under any of your written agreements with Dell; or 

  

	 	(iii)	You engage in Conflicting Activities (as described below). 

 For purposes of this Agreement, a
“Conflicting Activities” means you, without advance, express, written consent of Dell’s Senior Vice President of Human Resources: 
  

	 	(i)	are or become a principal, owner, officer, director, shareholder or other equity owner (other than a holder of less than 5% of the outstanding shares or other equity interests of a publicly traded company) of a Direct
Competitor (as defined below); 

  

	 	(ii)	are or become a partner or joint venture in any business or other enterprise or undertaking with a Direct Competitor; or 

  

	 	(iii)	work or perform services (including contract, consulting or advisory services) for a Direct Competitor in any geographic area where Dell materially conducts business, if your services are similar in any material way to
the services you performed for Dell in the twelve months preceding the termination of your Employment. 

 You understand and agree that
neither this provision nor any other provision of this Agreement prohibits you from engaging in Conflicting Activities but only requires return of Award Payments if you engage in Conflicting Activities. 

The term “Direct Competitor” means any entity, or other business concern that offers or plans to offer products or services that are materially
competitive with any of the products or services being manufactured, offered, marketed, or are actively developed by Dell as of the date your employment with Dell ends. By way of illustration, and not by limitation, the following companies are
Direct Competitors: Hewlett-Packard, Lenovo, IBM, Gateway, Apple, Acer, CDW, Cisco, NetApp, Juniper, Wipro, Tata Consulting Services, Xerox, Cognizant, EMC, Software House International, Insight (Software Spectrum), Softchoice, Computer Sciences
Corporation and Digital River. You understand and agree that the foregoing list of Direct Competitors represents an illustrative list of Dell Direct Competitors as of the date of execution of this Agreement and that other entities may become
Direct Competitors in the future. 
 If you desire to engage in Conflicting Activities, you agree to seek written consent from Dell’s Senior Vice
President of Human Resources prior to engaging in the Conflicting Activities. If you enter into any business, employment, or service relationship during your employment or within the twelve months following the termination of your employment with
Dell, you agree to provide Dell sufficient information regarding the relationship to enable Dell to determine whether you it constitutes Conflicting Activities. You agree to provide such information within five business days of agreeing to the
business, employment, or service relationship. 
 The Committee shall have the complete and absolute authority to construe and interpret the provision of
this Agreement, including but not limited to any determination as to whether you have engaged in “Conduct Detrimental to the Company.” Any such interpretations or determinations by the Committee will be final, binding, and conclusive. 

4. Incorporation of Plan – This Award is granted under the Plan and is governed by the terms of the Plan in addition to the terms and
conditions stated herein. All terms used herein with their initial letters capitalized shall have the meanings given them in the Plan unless otherwise defined herein. A copy of the Plan is available upon request from the Dell Legal Department, One
Dell Way, RR1-33, Round Rock, Texas 78682. 

 5. Notice — You agree that notices may be given to you in writing either at your home address
as shown in the records of Dell or your Employer, or by electronic transmission (including e-mail or reference to a website or other URL) sent to you through Dell’s normal process for communicating electronically with its employees. 

6. No Right to Continued Employment — This Agreement does not confer upon you any right to expectation of employment by, or to continue in
the employment of, your Employer. 
 7. Miscellaneous — By accepting this Agreement, you expressly acknowledge that (a) your acceptance
of this Agreement is voluntary and is not a condition of your employment; (b) Award Payments are not compensation for services rendered and are an extraordinary item of compensation that is outside the scope of your Employment Agreement, and nothing
can or must automatically be inferred from such Award Payment; (c) Award Payments are not part of normal or expected compensation for any purpose, and are not to be used for calculating any severance, resignation, redundancy, end of service
payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and you waive any claim on such basis; and (d) the grant of this Award is a one-time benefit that does not create any contractual or other right to
receive future grants of similar awards, or benefits in lieu of similar awards. 
 8. Data Privacy Consent — As a condition of the grant
of this Award, you consent to the collection, use and transfer of personal data as described in this paragraph. You understand that Dell and its Subsidiaries hold certain personal information about you, including your name, home address and
telephone number, date of birth, social security number, salary, nationality, job title, any ownership interests or directorships held in Dell or its Subsidiaries and details of all cash incentive awards awarded or cancelled (“Data”). You
further understand that Dell and its Subsidiaries will transfer Data among themselves as necessary for the purposes of implementation, administration and management of your participation in the Award, and that Dell and any of its Subsidiaries may
each further transfer Data to any third parties assisting Dell in the implementation, administration and management of the Award. You understand that these recipients may be located in the Asia Pacific region, the Latin American Region, the European
Economic Area, Canada or elsewhere, such as the United States. You authorize them to receive, possess, use, retain and transfer such Data as may be required for the administration of the Award, in electronic or other form, for the purposes of
implementing, administering and managing your participation in the Award. You understand that you may, at any time, view such Data or require any necessary amendments to it. 

9. Compliance with Foreign Exchange Laws – Local foreign exchange laws may affect your Award or the vesting of your Award. You are
responsible for obtaining any exchange control approval that may be required in connection with such events. Neither Dell nor any of its Subsidiaries or affiliates will be responsible for obtaining such approvals or liable for the failure on your
part to obtain or abide by such approvals. This does not constitute legal or tax advice upon which you should rely. You should consult with your personal legal and tax advisers to ensure your compliance with local laws. You agree to comply with all
applicable laws and pay any and all applicable taxes associated with the grant or vesting of this Award. 
 10. Governing Law and Venue —
You understand and agree that Dell is a Delaware corporation with global operations and your Award is part of a contemporaneous grant of many similar awards to individuals located in numerous jurisdictions. You agree that this Agreement and the
Plan shall be governed by, and construed in accordance with, the laws of the State of Delaware, United States of America. The exclusive venue for any and all disputes arising out of or in connection with this Agreement shall be New Castle
County, Delaware, United States of America, and the courts sitting exclusively in New Castle County, Delaware, United States of America shall have exclusive jurisdiction to adjudicate such disputes. Each party hereby expressly consents to the
exercise of jurisdiction by such courts and hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to such laying of venue (including the defense of
inconvenient forum). 

 11. Effect of Invalid Provisions — If any of the promises, terms or conditions set forth
herein are determined by a court of competent jurisdiction to be unenforceable, you and Dell agree (a) this Agreement is automatically rescinded, (b) you will immediately return to Dell all Award Payments you have received pursuant to this
Agreement, and (c) Dell will immediately release you from any and all obligations you had or have under this Agreement. 
 12. Internal Revenue
Code Section 409A – Dell’s intent is that this Award comply with Section 409A of the Internal Revenue Code. This Award is intended to be excluded from coverage under Section 409A of the Internal Revenue Code pursuant to the
“short-term deferral exception” under Section 1.409A-1(b)(4). If any provision of this Award would otherwise conflict with this intent, Dell may amend this Award to the extent necessary to comply with Section 409A of the Code. 

13. Acceptance of Terms and Conditions — This Award will not be effective and you may not receive any Award Payments until you have
acknowledged and agreed to the terms and conditions set forth herein in the matter prescribed by the Company. You agree that you are not relying on any representations or promises outside of this Agreement, the Plan and the Grant Summary. You must
accept your award no later than 4pm Eastern Time, five business days prior to the first vesting date or your entire award will be cancelled. You should print a copy of this Award and your Grant Summary for your records. 

Awarded subject to the terms and conditions stated above: 
  

			
	DELL INC.
		
	By:

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