Document:

Stock Based Deferred Compensation Plan

 Exhibit 10.4 
 NOVELL, INC. 
 STOCK-BASED DEFERRED 
 COMPENSATION PLAN 
 (As Amended
and Restated, effective January 1, 2009) 

 NOVELL, INC. 
 STOCK-BASED DEFERRED 
 COMPENSATION PLAN 
 ARTICLE 1 
 INTRODUCTION

 1.1 Establishment of Plan. The Company (as defined below) originally established the Plan (as defined below) as of the Original
Effective Date (as defined below), and previously amended and restated the Plan, effective as of April 4, 2003. The Plan is now amended and restated, effective as of the Effective Date (as defined below), to implement changes required pursuant
to and consistent with section 409A of the Code (as defined below) and to make certain ordinary-course design changes for the effective administration of the Plan. This Plan document covers any Participant (as defined below) who was entitled to
receive a benefit from the Plan as of December 31, 2008, but did not receive full payment of such benefit under the Plan as of such date, as well as any individual who first becomes a Participant in the Plan on or after the Effective Date.
Payments commencing on or after the Effective Date shall be governed by the Plan as amended and restated herein. Payments commencing prior to the Effective Date are governed by the terms of the Plan as they existed prior to this amendment and
restatement and are either grandfathered from the requirements of section 409A of the Code or payable pursuant to a fixed schedule as required by and in compliance with section 409A of the Code. Between January 1, 2005 and
December 31, 2008, the Plan has been operated in accordance with the transition relief established by the Treasury Department and Internal Revenue Service pursuant to section 409A of the Code. This amendment and restatement is adopted in
conformity with final regulations under section 409A of the Code issued by the Treasury Department on April 10, 2007 and effective January 1, 2009. 
 1.2 Purpose of Plan. The Company established the Plan in connection with the adoption of the SOP (as defined below). The Plan is intended to provide a vehicle for select employees who participate in the SOP to
achieve, and maintain, their SOR (as defined below) under the SOP by offering them the opportunity to defer the receipt of their Base Salary (as defined below) and Bonus (as defined below) in exchange for the right to receive shares of Common Stock
(as defined below) at a future date. The Plan provides Participants (as defined below) with this opportunity on a tax-deferred basis and provides Participants with a “deemed” ownership interest in the Company. The Company intends to
maintain the Plan primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees, within the meaning of sections 201(2), 301(a)(3) and 401(a)(1) of ERISA (as defined below). The Plan is
a non-qualified deferred compensation plan that is not subject to the qualification requirements of section 401(a) of the Code (as defined below). The Plan is intended to be maintained and operated in accordance with the requirements of section 409A
of Code with respect to amounts subject to such requirements. The Plan will be interpreted in a manner consistent with these intentions. 

 ARTICLE 2 
 DEFINITIONS 
 Definitions are contained in this Article and throughout other Sections of the Plan.
The location of a definition is for convenience only and should not be given any significance. A word or term defined in this Article (or in any other Article) will have the same meaning throughout the Plan unless the context clearly requires a
different meaning. 
 2.1 Amended Deferred Compensation Agreement means an amended Deferred Compensation Agreement executed by
a Participant that satisfies the requirements of Section 6.6 and that changes the form of a distribution of amounts credited to the Participant’s Post-409A Account and/or Pre-409A Account, as applicable. 
 2.2 Base Salary means, for each Eligible Employee, his or her annual rate of base salary for the Plan Year, before taking into account
amounts deferred under this Plan and any reduction in taxable income by salary reduction under the Novell, Inc. Deferred Compensation Plan, the Novell, Inc. 401(k) Retirement and Savings Plan (or any other qualified plan of the Company), and any
section 125 of the Code plan of the Company. 
 2.3 Beneficiary means the individual(s) or entity designated by a Participant,
or by the Plan, to receive any benefit payable upon the death of a Participant or Beneficiary. A Beneficiary designation must be completed by the Participant and delivered to the Committee on such form and by such method as specified by the
Committee for that purpose or may be completed electronically and submitted by the Participant in conformance with procedures established by the Committee. In the absence of a valid or effective Beneficiary designation, the Beneficiary designated by
the Participant in the beneficiary designation form, if any, which has been submitted by such Participant in connection with his or her participation in the Novell, Inc. Deferred Compensation Plan shall govern. In the absence of a valid or effective
beneficiary designation form for the Novell, Inc. Deferred Compensation Plan, the beneficiary shall be (in the following order): the Participant’s surviving spouse, or if there is no surviving spouse, the Participant’s children, by
representation, and if there are no surviving children or issue thereof, the Participant’s estate. 
 2.4 Board means the
Board of Directors of the Company. 
 2.5 Bonus means the annual cash bonus compensation earned for a Plan Year by an Eligible
Employee in accordance with the applicable annual bonus program sponsored by the Company, but excluding any payments made under the Company’s long-term cash bonus award program or that could be deemed to include equity based pay, and computed
before taking into account amounts deferred under this Plan and any reduction in taxable income by salary reduction under the Novell, Inc. Deferred Compensation Plan, the Novell, Inc. 401(k) Retirement and Savings Plan (or any other qualified plan
of the Company), and any section 125 of the Code plan of the Company. For this purpose, an Eligible Employee’s Bonus for a particular Plan Year shall be the Bonus that is earned by such Eligible Employee pursuant to the performance period that
commences during the Plan Year. 
  

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 2.6 Change in Control means the occurrence of any of the following events: 
 (a) the acquisition by any individual, entity or group (within the meaning of section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
of 1934 (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 25% or more of the combined voting power of the then outstanding Voting Stock of the
Company; provided, however, that for purposes of this Section 2.6(a), the following acquisitions will not constitute a Change in Control: (i) any issuance of Voting Stock of the Company directly from the Company that is approved by the
Incumbent Board (as defined in Section 2.6(b), below), (ii) any acquisition by the Company of Voting Stock of the Company, (iii) any acquisition of Voting Stock of the Company by any employee benefit plan (or related trust) sponsored
or maintained by the Company or any subsidiary, or (iv) any acquisition of Voting Stock of the Company by any Person pursuant to a Business Combination that complies with clauses (i), (ii) and (iii) of Section 2.6(c), below; and
provided, further, that a Change in Control will not occur if any Person becomes the beneficial owner of 25% or more of the combined voting power of the Voting Stock of the Company solely as a result of an issuance of Voting Stock described in
clause (i) of this Section 2.6(a) or an acquisition of Voting Stock described in clause (ii) of this Section 2.6(a) unless and until such Person thereafter acquires beneficial ownership of Voting Stock of the Company that causes
the aggregate percent of the combined voting power of the Voting Stock of the Company then owned beneficially by such Person to exceed the percent of the combined voting power of Voting Stock of the Company owned beneficially by such Person
immediately after such issuance or acquisition described in clause (i) or (ii) of this Section 2.6(a); 
 (b)
individuals who, as of the date hereof, constitute the Board (the “Incumbent Board,” as modified by this Section 2.6(b)), cease for any reason to constitute at least a majority of the Board; provided, however, that any individual
becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board (either by a specific
vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without objection to such nomination) will be deemed to have then been a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest (within the meaning of Rule 14a-11 of the Exchange Act) with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 
 (c) consummation
of a reorganization, merger or consolidation, a sale or other disposition of all or substantially all of the assets of the Company, or other transaction (each, a “Business Combination”), unless, in each case, immediately following such
Business Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners of Voting Stock of the Company immediately prior to such Business Combination beneficially own, directly or indirectly, more than
50% of the combined voting power of the then outstanding shares of Voting Stock of the entity resulting from such Business Combination (including, without limitation, an entity which as a result of such transaction owns the Company or all or
substantially all of the Company’s assets either directly or through one or more 

  

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subsidiaries), (ii) no Person (other than the Company; such entity resulting from such Business Combination; any employee benefit plan (or related
trust) sponsored or maintained by the Company, any subsidiary or such entity resulting from such Business Combination; or any Person who immediately prior to such Business Combination beneficially owned directly or indirectly 25% or more of the
combined voting power of the voting stock of the Company and whose ownership of such Voting Stock did not result in a Change in Control under Section 2.6(a)) beneficially owns, directly or indirectly, 25% or more of the combined voting power of
the then outstanding shares of Voting Stock of the entity resulting from such Business Combination, and (iii) at least a majority of the members of the Board of Directors of the entity resulting from such Business Combination were members of
the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 
 (d) approval by the stockholders of the Company of a complete liquidation or dissolution of the Company, except pursuant to a Business Combination that complies with clauses (i), (ii) and (iii) of
Section 2.6(c). 
 2.7 Code means the Internal Revenue Code of 1986, as amended from time to time and the regulations
promulgated thereunder. 
 2.8 Committee means the Compensation Committee of the Board. For purposes of administration of the
Plan, the Committee may delegate its administrative powers to another committee or to an individual, and all references to the Committee in the Plan shall mean the Committee’s delegate. The Committee will serve as the “plan
administrator” to manage and control the operation and administration of the Plan, within the meaning of section 3(16)(A) of ERISA. 
 2.9 Common Stock means the common stock of the Company, par value $0.10 per share. 
 2.10 Company means
Novell, Inc., a corporation organized under the laws of the state of Delaware, or any successor of Novell, Inc. 
 2.11 Deferral
Account means a bookkeeping account established for and maintained on behalf of a Participant to which Units are credited. A Participant’s Deferral Account shall consist of two separate subaccounts, the Pre-409A Account and the Post-409A
Account. 
 2.12 Deferred Compensation Agreement means an agreement entered into by a Participant and the Company to reduce the
Participant’s Base Salary and/or Bonus as described in Section 3.4 for a Plan Year and defer such amounts to the Plan, in accordance with Article 3. 
 2.13 Disability means “disability” (or similar term) as defined in the Company’s long-term disability program and which results in payments to the Participant under such program.

  

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 2.14 Effective Date means January 1, 2009, the effective date of this amendment and
restatement of the Plan. The Original Effective Date means April 1, 2003, the initial effective date of the Plan. 
 2.15
Eligible Employee means any participant in the SOP who is being paid from the U.S. payroll of the Company. Eligible Employee shall also mean any participant in the SOP who is not being paid from the U.S. payroll of the Company, but is
designated by the Committee to participate in the Plan. Except as otherwise provided in Section 3.1 (concerning an individual who ceases to be an Eligible Employee), an individual’s status as an Eligible Employee for a Plan Year shall be
determined at such time prior to the beginning of such Plan Year as determined by the Committee, in its sole discretion. Notwithstanding the foregoing, the Committee may determine in writing that an otherwise Eligible Employee shall not be eligible
to participate in this Plan. 
 2.16 Enrollment Period means the period prior to the first day of the Plan Year during which
Eligible Employees may elect to participate in the Plan for such Plan Year and Participants may change (or eliminate) the percentage of Base Salary and/or Bonus deferred to the Plan for such Plan Year. The Committee will determine, in its sole
discretion, the Enrollment Period for a particular Plan Year, provided, that in no event will the last day of any Enrollment Period be later than the December 31 that immediately precedes the Plan Year for which the Enrollment Period applies.

 2.17 ERISA means the Employee Retirement Income Security Act of 1974, as amended from time to time and the regulations
promulgated thereunder. 
 2.18 Hardship means: 
 (a) With respect to amounts credited to a Participant’s Pre-409A Account, an unforeseeable and unanticipated emergency which is an
event beyond the control of the Participant that is related to the death of one of the Participant’s eligible dependents or to a medical condition of the Participant or one of the Participant’s eligible dependents, and which would result
in severe financial hardship to the Participant if a distribution or revocation of a deferral election were not permitted. Hardship conditions will be evaluated by the Committee, and the Committee will have sole discretion to determine whether a
Hardship condition exists and the Committee’s determination will be final. 
 (b) With respect to amounts credited to a
Participant’s Post-409A Account, an unforeseeable emergency that results from a severe financial hardship to the Participant, resulting from an illness or accident of the Participant, the Participant’s spouse, the Participant’s
Beneficiary, or the Participant’s dependent (as defined in section 152, without regard to section 152(b)(1), (b)(2) and (d)(1)(B)); loss of the Participant’s property due to casualty; or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the Participant and consistent with the requirements of Treas. Reg. §1.409A-3(i)(3). 
 2.19 Insolvent means the Company is (i) unable to pay its debts as they become due or (ii) subject to a pending proceeding as a debtor under the United States Bankruptcy Code. 
  

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 2.20 Matching Contribution means an amount credited to the Participant’s Deferral
Account under Section 4.1. 
 2.21 Participant means an Eligible Employee who is eligible to participate in the Plan as
provided in Section 3.1 and who has made an election to defer Base Salary and/or Bonus pursuant to the Plan. 
 2.22 Plan
means the Novell, Inc. Stock-Based Deferred Compensation Plan, as set forth in this document, as amended from time to time. 
 2.23 Plan Year means the 12-month period beginning on each January 1 and ending on the following December 31. 
 2.24 Post-409A Account means the subaccount maintained for a Participant that is credited with amounts which were not earned and vested for purposes of section 409A of the Code as of December 31, 2004 (and any earnings
attributable thereto). 
 2.25 Pre-409A Account means the subaccount maintained for a Participant that is credited with
amounts which were earned and vested for purposes of section 409A of the Code as of December 31, 2004 (and any earnings attributable thereto). 
 2.26 Separation Date means the date on which the Participant’s Separation From Service has occurred. 
 2.27 Separation From Service means with respect to the amounts credited to the (a) Participant’s Pre-409A Account, the Participant’s separation from employment with the Company and (b) Participant’s
Post-409A Account, the Participant’s “separation from service” with the Company within the meaning of section 409A of the Code. For purposes of the Plan, a Participant shall not be deemed to have incurred a Separation From Service
with respect to (i) the Participant’s Pre-409A Account, merely because of a transfer between the Company and any affiliate of the Company and (ii) the Participant’s Post-409A Account, merely because of a transfer between the
Company and any affiliate of the Company that is required to be aggregated with the Company under section 409A of the Code. 
 2.28
SOP means the Novell, Inc. Stock Ownership Program, as amended from time to time. 
 2.29 SOR means a Participant’s
Stock Ownership Requirement under the SOP. 
 2.30 Specified Employee means any Participant who, at any time during the twelve
month period ending on the identification date as determined by the Committee (or its delegate), is a specified employee under section 409A of the Code, as determined by the Committee (or its delegate). The determination of “specified
employees,” including the number and identity of persons considered “specified employees” and identification date, shall be made by the Committee (or its delegate) in accordance with the provisions of sections 416(i) and 409A of the
Code. 
  

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 2.31 Unit means a bookkeeping designation under each Participant’s Deferral Account
that is convertible into a share of Common Stock when a distribution event occurs under Article 6 of the Plan. On the date of credit, each Unit will be equal to one share of Common Stock. 
 2.32 Voting Stock means securities entitled to vote generally in the election of directors. 
 ARTICLE 3 
 PARTICIPATION

 3.1 Eligibility. An Eligible Employee of the Company shall participate in the Plan only to the extent and for the period
that the Eligible Employee is a participant in the SOP and is a member of a select group of management or highly compensated employees as such group is described under sections 201(2), 301(a)(3) and 401(a)(1) of ERISA. An individual who is an
Eligible Employee immediately prior to the first day of the Plan Year, but who ceases to be an Eligible Employee during the Plan Year for any reason shall continue to participate in the Plan with respect to any Deferred Compensation Agreement in
effect for such Plan Year for the remainder of the Plan Year, and shall not be permitted to enter into any new Deferred Compensation Agreement with the Company for any future Plan Year unless and until the individual again becomes an Eligible
Employee. Any individual who first qualifies as an Eligible Employee during a particular Plan Year shall not be eligible to participate in the Plan until the following Plan Year. 
 3.2 Participation. An Eligible Employee who desires to participate in the Plan for a Plan Year must make an irrevocable election to defer
the receipt of Base Salary and/or Bonus earned by the Eligible Employee for a Plan Year under a Deferred Compensation Agreement described in Section 3.4 below. The Eligible Employee must make such election in accordance with Section 3.3
below during the Enrollment Period. The Company shall withhold amounts deferred by the Participant in accordance with this election. The Participant’s deferred amounts shall be credited to the Deferral Account as provided in Article 5 and
distributed in accordance with Article 6. An election to defer receipt of Base Salary and/or Bonus with respect to a Plan Year shall continue in effect for the entire Plan Year, except as provided in Section 3.5 below. By electing to
participate in the Plan, the Eligible Employee acknowledges that all decisions and determinations of the Committee shall be final and binding on the Eligible Employee, his or her Beneficiaries and any other person having or claiming an interest
under the Plan. 
 3.3 Election Procedure. An election to defer Base Salary and/or Bonus under a Deferred Compensation
Agreement shall be made through an electronic or other medium acceptable to the Committee. The election must be properly completed and delivered to the Company in the form permitted by the Committee for this purpose no later than the last day of the
Enrollment Period, which shall occur prior to the first day of the Plan Year for which Base Salary and/or Bonus shall be earned. 
 3.4 Deferred Compensation Agreement. During the Enrollment Period, a Participant shall designate in the Deferred Compensation Agreement the percentage of Base Salary and/or Bonus to be deferred into the Participant’s
Post-2004 Account. A Deferred 

  

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Compensation Agreement shall become irrevocable as of the last day of the Enrollment Period for Base Salary and/or Bonus to be deferred in the following Plan
Year and shall remain in effect for the entire Plan Year and for each Plan Year thereafter, unless amended as permitted under Section 3.6 to change the rate of deferral during the Enrollment Period for a future Plan Year, under Section 6.6
to change the form of distribution, or, if prior to the beginning of a Plan Year a Participant ceases to qualify as an Eligible Employee, the Participant’s Deferred Compensation Agreement will be cancelled and a new Deferred Compensation
Agreement will need to be executed by such Participant for a future Plan Year during the applicable Enrollment Period if such Participant again qualifies as an Eligible Employee. 
 (a) Deferral Election. The Deferred Compensation Agreement shall set forth the percentage of Base Salary and/or Bonus that shall be
deferred for the Plan Year, subject to the following: 
 (i) Base Salary. A Participant shall be permitted to defer a
maximum of seventy-five percent (75%) of Base Salary earned in a Plan Year. 
 (ii) Bonus. A Participant
shall be permitted to defer a maximum of seventy-five percent (75%) of the Bonus earned with respect to a Plan Year. For this purpose, the election shall be made in the Plan Year prior to the Plan Year for which the performance period for the
Bonus commences. 
 (iii) Minimum Deferral. The Committee may, in its discretion, establish a minimum deferral
amount for a given Plan Year; provided, that such determination must be made prior to the beginning of the relevant Enrollment Period for such Plan Year. 
 (b) Distribution Form Election. 
 (i) Form for Amounts Credited to the
Participant’s Post-409A Account. For the first Plan Year in which the Eligible Employee elects to participate in the Plan, such Eligible Employee must designate in the Deferred Compensation Agreement the form of distribution for all
amounts credited to his or her Post-409A Account. The Eligible Employee may select one of the following as a permitted form of distribution for such amounts: (A) lump sum or (B) substantially equal annual installments that are paid over a
period of between two (2) and five (5) years as designated by the Participant in the Deferred Compensation Agreement; provided, however, that if an Eligible Employee does not make an election in the Deferred Compensation Agreement as to
the form of distribution for the Base Salary and/or Bonus credited to his or her Post-409A Account, the Participant shall be deemed to have elected a lump sum as the form of distribution for all amounts credited to his or her Post-409A Account.
After the first year of participation in the Plan, the Participant cannot change the form of distribution for amounts credited to his or her Post-409A Account, unless the requirements of Section 6.6 are complied. 
 (ii) Form for Amounts Credited to the Participant’s Pre-409A Account. With respect to amounts credited to the
Participant’s Pre-409A Account, the Participant made an election regarding the form of payment of such amounts (including all future 

  

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years’ contributions that are credited to the Participant’s Pre-409A Account) at the time the Participant first commenced participation in the Plan
and such election may be amended thereafter at the election of the Participant as provided in Section 6.6 below. The form of distribution of the amounts credited to the Participant’s Pre-409A Account shall either be in a single lump sum
distribution or substantially equal annual installments over a period of two (2) and five (5) years. If no election was made by the Participant with respect to such amounts, the amounts credited to the Participant’s Pre-409A Account
will be distributed in a single sum distribution. 
 (c) Distribution Time Election. All amounts credited to the
Participant’s Deferral Account under the Plan shall be distributed on account of the Participant’s Separation From Service as provided in Section 6.2, unless an earlier distribution event occurs as provided in Article 6. 

3.5 Hardship Withdrawal Request. If a Participant requests a distribution from his Pre-409A Account on account of Hardship and such
request is approved by the Committee, the Participant’s deferral election for the Plan Year in which the Hardship occurred will continue for the rest of such Plan Year; however, the Participant will not be eligible to make any deferrals to the
Plan for the immediately following Plan Year. If a Participant requests a distribution from his Post-409A Account on account of Hardship and such request is approved by the Committee, all deferrals with respect to a Plan Year shall cease. A
Participant whose Hardship withdrawal request is approved by the Committee and who wants to recommence participation in the Plan in a subsequent Plan Year (or the second Plan Year in the event of a Hardship withdrawal from a Pre-409A Account) so he
or she can make deferrals of Base Salary and/or Bonus to the Plan must enter into a new Deferred Compensation Agreement and return such Deferred Compensation Agreement to the Committee no later than the last day of the Enrollment Period the occurs
prior to the beginning of the applicable Plan Year for which the deferral will apply. 
 A Participant must submit a written
request for a Hardship to the Committee on the form and in the manner prescribed by the Committee. The Hardship request must: (i) describe and certify as to the Hardship condition and the severe financial hardship, (ii) state whether the
withdrawal will be from the Participant’s Pre-409A Account or Post-409A Account, but the request cannot be from both, and (iii) the amount necessary to satisfy the Hardship request, subject to the limitations set forth in the Plan and
section 409A of the Code. The Committee will have sole discretion to determine whether a Hardship exists and to determine the appropriate action, if any; provided, however, in no event will the Committee approve a Hardship distribution request from
the Participant’s Pre-409A Account for expenses related to any medical condition or expenses related to the death of any person unless the request for distribution from the Participant’s Pre-409A Account is submitted to the Committee and
approved by the Committee for Hardship distribution prior to the date on which the expense is incurred. The Committee, in its sole discretion, may make exception to the foregoing rule if it determines that the circumstances creating the expense for
which reimbursement is sought were not reasonably foreseeable.  
 3.6 Irrevocable Elections. A
Participant’s Deferred Compensation Agreement for a given Plan Year cannot be amended by the Participant after the last day of the Enrollment Period 

  

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and is irrevocable as of such date. A Participant may amend his Deferred Compensation Agreement to increase or reduce the rate of deferral of Base Salary
and/or Bonus for a particular Plan Year during the Enrollment Period that occurs prior to the beginning of such Plan Year; however, if no change is made during the Enrollment Period the Participant’s election in his Deferred Compensation
Agreement will continue for the Plan Year that commences after the last day of the Enrollment Period. An amendment to change the percentage of Base Salary and/or Bonus to be a Participant’s Deferred Compensation Agreement shall become effective
as of the first day of the Plan Year that follows the Enrollment Period for such Plan Year and shall apply only to Base Salary and/or Bonus earned in such Plan Year and each successive Plan Year in which the Deferred Compensation Agreement remains
in effect. A Participant may not change the form of distribution for Base Salary and/or Bonus deferred to the Plan for such Plan Year during the Enrollment Period, unless the Participant makes an election pursuant to Section 6.6, in which case
the election to change the form will apply to all amounts credited to his or her Pre-409A Account or Post-409A Account, as applicable. At any time during the Enrollment Period a Participant may cancel his Deferred Compensation Agreement with respect
to the Plan Year that follows the Enrollment Period, in which case the Participant will not make any deferrals of Base Salary and/or Bonus to the Plan for such Plan Year. If the Participant desires to defer Base Salary and/or Bonus to the Plan for a
future Plan Year, the Participant must enter into a new Deferred Compensation Agreement during the Enrollment Period that occurs prior to the beginning of such Plan Year; however, the Participant cannot change the form of distribution for such
amounts, unless the requirements of Section 6.6 are complied. 
 ARTICLE 4 
 COMPANY CONTRIBUTIONS 
 4.1 Matching Contributions. The Company
may credit a Participant’s Deferral Account with Matching Contributions based on a percentage of such Participant’s Base Salary and/or Bonus that is deferred under this Plan for the Plan Year at such times and in such amounts as approved
by the Committee, or the Board, but in no event shall the amount of the Matching Contribution exceed in value more than twenty-five percent (25%) of the total amount of Base Salary and/or Bonus that the Participant deferred under this Plan for
the Plan Year. The contribution made pursuant to this Section 4.1 shall be credited to the Deferral Account of the appropriate Participant as provided in Article 5. No separate election is permitted as to the time and form of distribution with
respect to Matching Contributions credited to the Participant’s Deferral Account, instead Matching Contributions shall be distributed at the same time and in the same form as the Base Salary and Bonus credited to the Participant’s
Post-409A Account are distributed to the Participant. 
 4.2 Vesting. A Participant’s interest in the Base Salary and
Bonus deferred to his or her Deferral Account shall be at all times fully vested and nonforfeitable. Any Matching Contributions made to the Plan in accordance with Section 4.1 of the Plan for a Plan Year shall become fully vested on the
January 1 that first occurs after the fifth annual anniversary of the January 1 of the calendar year that the Matching Contributions were credited to the Participant’s Deferral Account, provided the Participant is an Eligible Employee
of the Company on such date. 

  

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Notwithstanding the preceding sentence, the Participant will become fully vested in Matching Contributions made on his or her behalf if the Participant has a
Separation From Service on account of death or Disability. In addition, a Participant will become fully vested in Matching Contributions made on his or her behalf if a Change in Control occurs prior to the date the Participant has a Separation From
Service for any reason. If a Participant has a Separation From Service prior to vesting in his or her Matching Contributions, any Matching Contributions that have not vested as of such date shall be forfeited and the Participant shall not have any
rights with respect to such forfeited Matching Contributions. 
 ARTICLE 5 
 PARTICIPANT ACCOUNTS 
 5.1 Establishment of Accounts. The
Committee may select an independent recordkeeper who will establish and maintain a Deferral Account on behalf of each Participant. Contributions will be credited to such accounts in accordance with the provision of this Article. The recordkeeper
will maintain separate subaccounts to reflect the Participant’s Pre-409A Account and Post-409A Account, if applicable. 
 5.2
Bookkeeping. Deferral Accounts will be primarily for accounting purposes and will not restrict the operation of the Plan or require separate earmarked assets to be allocated to any account. The establishment of a Deferral Account will not
give any Participant the right to receive any asset held by the Company in connection with the Plan or otherwise. In addition, Participants will not have any ownership rights with respect to any shares of Common Stock under the Plan until the shares
of Common Stock are distributed to the Participant in accordance with the provisions of Article 6 below. 
 5.3 Crediting Deferred
Compensation. On and after the Effective Date, the Committee will credit to a Participant’s Post-409A Account a number of Units, including fractional Units, on a date determined by the Committee, in its sole discretion. The number of Units
credited to a Participant’s Post-409A Account will be based on the amount deferred by the Participant for the period covered by the deferrals. In crediting Units to a Participant’s Post-409A Account, the Committee is not required to credit
all Participants’ Post-409A Account on the same day. The number of Units credited to a Participant’s Post-409A Account will be based on the fair market value of the Common Stock on the date of credit and the amount deferred by the
Participant to the Plan for the period. Any withholding taxes or other amounts that the Company is required by local, state, federal or foreign law (including, but not limited to, applicable Social Security taxes) to withhold with respect to
deferred Base Salary and Bonus shall be withheld from the Participant’s corresponding non-deferred portion of Base Salary and Bonus. Amounts credited to the Participant’s Deferral Account prior to the Effective Date were credited in
accordance with the terms of the Plan as in effect at such time. 
 5.4 Crediting Matching Contributions. On the same day that
the Committee credits deferrals made by Participants under Section 5.3 the Committee shall credit to Participants’ Post-409A Account the number of Units, including fractional Units, based on the Matching Contributions made by the Company
pursuant to Section 4.1; provided, however, that the 

  

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Committee may, in its discretion, credit Matching Contributions less frequently, but not less than annually, as the Committee may deem necessary or
appropriate in furtherance of proper Plan administration. The number of Units credited to a Participant’s Post-409A Account as Matching Contributions will be based on the fair market value of the Common Stock on the date of credit and the
percentage of Base Salary and Bonus that the Committee determines to match for the Plan Year. Any withholding taxes or other amounts that the Company is required by local, state, federal or foreign law (including, but not limited to, applicable
Social Security taxes) to withhold with respect to Matching Contributions shall be withheld from the Participant’s corresponding non-deferred portion of Base Salary and Bonus. Amounts credited to the Participant’s Deferral Account prior to
the Effective Date were credited in accordance with the terms of the Plan as in effect at such time. 
 5.5 Other Investment
Funds. Other than each Participant’s deemed investment in shares of Common Stock, no other deemed investment will be established or available under the Plan. 
 5.6 Notification to Participants. The Committee shall notify each Participant with respect to the status of such Participant’s Deferral Account as soon as practicable after the end of each Plan
Year. Neither the Company nor the Committee warrants, guarantees or represents that the value of any Units credited to a Participant’s Deferral Account at any time will equal or exceed the amount deferred to the Plan by the Participant.

 ARTICLE 6 
 DISTRIBUTION OF ACCOUNTS 
 6.1 Distribution in the Event of Hardship. Prior to a distribution under
Section 6.2 or 6.3, distribution of all or a portion of a Participant’s vested Deferral Account may be made only in the event of Hardship. The amount of any Hardship distribution will not exceed the amount required to meet the Hardship,
including any taxes as may be required pursuant to Section 8.3 or penalties due on the distribution. The Committee’s consideration to distribute amounts credited to the Participant’s Post-409A Account on account of a Hardship shall
take into account the extent to which such Hardship is or may be relieved through reimbursement of compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not
itself cause severe financial hardship) and the other requirements of section 409A of the Code and the corresponding regulations relating to distributions on account of an unforeseeable emergency. A Hardship distribution shall be made in a single
distribution of shares of Common Stock (a) with respect to the amounts credited to the Participant’s Pre-409A Account, as soon as practicable after the Committee approves the Hardship withdrawal request or (b) with respect to amounts
credited to the Participant’s Post-409A Account, as soon as practicable after the Committee approves the Hardship withdrawal request, but not later than sixty (60) days following such approval. 
 6.2 Distribution Upon Separation From Service. Unless a Participant dies prior to receiving full distribution of the amounts credited to
his or her Deferral Account as provided in Section 6.3, or a Change in Control occurs as provided in Section 6.4 with respect to amounts credited to the Participant’s Post-409A Account prior to his or her Separation From Service,

  

 12 

 
vested amounts credited to a Participant’s Deferral Account shall be distributed to a Participant on account of his or her Separation From Service. The
amounts credited to the Participant’s Deferral Account shall commence to be distributed to the Participant in the form selected by the Participant for the Participant’s Pre-409A Account and Post-409A Account, as applicable, in his or her
Deferred Compensation Agreement (or Amended Deferred Compensation Agreement as provided in Section 6.6 below), (a) with respect to amounts credited to the Participant’s Pre-409A Account, within seven (7) months following the
Participant’s Separation From Service, or (b) with respect to amounts credited to the Participant’s Post-409A Account, within sixty (60) days following the Participant’s Separation Date (or such later date as provided in
Section 6.6 below if the Participant enters into a Deferred Compensation Agreement as provided in such Section); provided, however, that if the Participant is a Specified Employee on his or her Separation Date, the amounts credited to the
Participant’s Post-409A Account shall not be paid to the Participant until within thirty (30) days following the first day of the seventh month following the Participant’s Separation Date, unless the Participant dies during such six
(6) month period, in which case the amounts will be paid to the Participant’s Beneficiary within sixty (60) days following the date of the Participant’s death. If a distribution to a Participant who is a Specified Employee is
delayed as described in the immediately preceding sentence, the distribution will include all amounts that would have been payable to such Participant during the six (6) month period in a single lump sum, without interest, and any amounts
payable after such six (6) month period shall be paid to such Participant in the same manner and in the same form as designated by the Participant in his or her Deferred Compensation Agreement. 
 6.3 Death of the Participant. In the event a Participant dies prior to receiving all of the amounts credited to his or her Deferral
Account, the Participant’s Beneficiary shall receive the vested shares of Common Stock equal to the total number of vested Units credited to the Participant’s Deferral Account that were not previously distributed to the Participant in the
form of a single lump sum distribution of shares of Common Stock. Distribution of (i) amounts credited to the Participant’s Pre-409A Account shall be made no later than seven (7) months after the Participant dies and the Committee is
provided with written proof of the Participant’s death, and (ii) amounts credited to the Participant’s Post-409A Account shall be made within sixty (60) days following the date of such death. 
 6.4 Change in Control. If a Change in Control occurs then all amounts credited to a Participant’s Post-409A Account at the time of such
Change in Control shall be distributed in a single sum distribution to the Participant within thirty (30) days following the consummation of such Change in Control; provided, however, that no distribution will occur pursuant to this
Section 6.4 if the Change in Control does not constitute a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company, within the meaning of section 409A(a)(2)(A)(v) of
the Code and its corresponding regulations.  
 6.5 Type of Distribution. All distributions under the Plan shall
be made in shares of Common Stock. The number of shares of Common Stock that may be distributed to a Participant at any time under the Plan will depend on the total number of Units credited to the Participant’s Deferral Account that have vested
as of the distribution date. On the distribution date, Units shall be converted to an equal number of shares of Common Stock, with fractional Units rounded 

  

 13 

 
up to a whole share of Common Stock, and shall be reduced by distributions, through such date. To the extent distributions shall be made in installments, the
number of shares of Common Stock subject to the distribution for a particular year will take into account the total number of years over which the distributions are to be made. After the first annual installment is paid to the Participant, each
subsequent installment shall be paid to the Participant annually on each anniversary of his Separation from Service within the period described in Section 6.2, unless delay is required pursuant to Section 6.6. 
 6.6 Change in Form of Distribution. A Participant may change the form of distribution of a Participant’s vested Deferral Account by
filing an Amended Deferred Compensation Agreement with the Committee in accordance with the requirements of this Section 6.6. Specifically, to change the form of distribution of amounts credited to the Participant’s Pre-409A Account, the
Participant must submit an Amended Deferred Compensation Agreement prior to the date of the Participant’s Separation From Service. To change the form of distribution of amounts credited to the Participant’s Post-409A Account, the
Participant must submit an Amended Deferred Compensation Agreement that satisfies the following requirements (a) the Amended Deferred Compensation Agreement will not become effective for the twelve (12) month period after the date on which
the Amended Deferred Compensation Agreement is filed with the Committee, and (b) the distribution cannot commence sooner than five (5) years from the date such payment was originally scheduled to commence pursuant to the original Deferred
Compensation Agreement. Except as provided in Section 6.3 with respect to a Participant’s death, once payment has commenced, the form of payment shall not be modified. 
 ARTICLE 7 
 PLAN ADMINISTRATION 
 7.1 Plan Administrator. This Plan shall be administered by the Committee, which will be the Plan Administrator. The Committee members shall
be appointed by and serve at the pleasure of the Board. 
 7.2 Amendment or Termination. Unless terminated sooner or extended,
with stockholder approval, by the Committee or the Board, no deferrals of Base Salary and Bonus may be made to the Plan with respect to any Plan Year beginning on or after January 1, 2013, and, with respect to amounts credited to a
Participant’s Pre-409A Account, the Plan shall terminate on the day immediately preceding the tenth anniversary of the Original Effective Date. No termination of the Plan shall occur with respect to amounts credited to a Participant’s
Post-409A Account, unless the Committee or Board takes actions to terminate the Plan with respect to such amounts in accordance with the requirements of section 409A of the Code and its corresponding regulations. The Committee or Board may amend all
or any provision of this Plan, and may terminate the Plan in its entirety, at any time and for any reason. No amendment or termination of the Plan will reduce any Participant’s Deferral Account balance as of the effective date of such amendment
or termination. Upon termination of the Plan, a Participant’s Deferral Account shall become fully vested. In addition, Participants shall be entitled to a distribution of the amounts 

  

 14 

 
credited to their Pre-409A Account within seven (7) months of such termination of the Plan. No distribution of amounts credited to a Participant’s
Post-409A Account shall occur unless the termination complies with the requirements of Treas. Reg. §1.409A-3(j)(4)(ix)(B). 
 7.3
Administration of the Plan. The Committee shall have the sole authority to control and manage the operation and administration of the Plan and have all powers, authority and discretion necessary or appropriate to carry out the Plan
provisions, and to interpret and apply the terms of the Plan to particular cases or circumstances. All decisions, determinations and interpretations of the Committee will be binding on all interested parties, subject to the claims and appeal
procedure necessary to satisfy the minimum standard of section 503 of ERISA, and will be given the maximum deference allowed by law. The Committee may impose such restrictions or limitations on Participants in the Plan that the Committee deems
necessary and appropriate to comply with applicable law. The Committee may delegate in writing its responsibilities as it sees fit. 
 Committee members who are Participants will abstain from voting on any Plan matters that relate primarily to themselves or that would cause them to be in constructive receipt of amounts credited to their respective Deferral Accounts. The
Board will identify three or more individuals to serve as a temporary replacement of the Committee members in the event that all members of the Committee must abstain from voting. 
 7.4 Indemnification. The Company will and hereby does indemnify and hold harmless any of its employees, officers, directors or members of
the Committee who have fiduciary or administrative responsibilities with respect to the Plan from and against any and all losses, claims, damages, expenses and liabilities (including reasonable attorneys’ fees and amounts paid, with the
approval of the Board, in settlement of any claim) arising out of or resulting from the implementation of a duty, act or decision with respect to the Plan, so long as such duty, act or decision does not involve gross negligence or willful misconduct
on the part of any such individual. 
 7.5 Claims Procedures. A Participant or his Beneficiary (the “Claimant”) may
file a written claim for benefits under the Plan with the Committee. Within ninety (90) days (or in special cases, and upon prior written notice to the Claimant, one hundred and eighty (180) days) of receipt of the claim, the Committee
shall notify the Claimant of the Committee’s decision whether to approve the claim. If the claim is denied, the Committee shall inform the Claimant of (i) the specific reason or reasons for the denial; (ii) the reference to the
specific Plan provision(s) on which the denial was based; (iii) any additional material or information that may be necessary to perfect the claim, with reasons therefore; (iv) the Plan’s procedures for reviewing the denial of the
claim and the time limits applicable to such procedures; and (v) a statement of the Claimant’s right to bring a civil action under section 502(a) of ERISA following an adverse decision on appeal. Within sixty (60) days of the date the
Claimant was notified of the denial of a claim, the Claimant may appeal the Committee’s decision by making a written submission containing any pertinent information. Any decision not appealed within such sixty (60)-day period shall be final,
binding and conclusive. The Committee shall review information submitted with an appeal and render a decision within sixty (60) days of the submission of the appeal. If it is not feasible for the Committee to render a decision on an appeal
within the prescribed sixty (60)-day period, 

  

 15 

 
the period may be extended by an additional sixty (60) days, provided the Claimant is provided with a notice of the extended period. If the claim is
denied on appeal, the denial notice should inform the Claimant (i) of the specific reason or reasons for the denial; (ii) of specific Plan references for which the determination was based; (iii) that the Claimant is entitled to
receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claim; (iv) additional appeal procedures, if any, offered under the Plan and the Claimant’s right
to receive information about such procedures; and (v) the Claimant’s right to bring a civil action under section 502(a) of ERISA. 
 ARTICLE 8 
 MISCELLANEOUS 
 8.1 Funding. The Company shall be responsible for the distribution of shares of Common Stock as provided under the Plan. Shares of Common Stock distributed under the Plan will be shares purchased by the
Company on the open market for purposes of the Plan; however, in certain circumstances shares issued under the Plan may be those authorized for issuance under the Company’s 2000 Stock Plan. 
 At its discretion, the Company may establish one or more trusts, with such trustees as the Committee may approve, for the purpose of holding shares of
Common Stock. Trust assets cannot be diverted to, or used for, any purpose except distributions to Participants and Beneficiaries under the terms of the Plan or, if the Company is Insolvent, to pay the Company’s creditors. Participants and
Beneficiaries will have no right against the Company with respect to the distribution of any portion of the Participant’s Deferral Account, except as a general unsecured creditor of the Company. 
 8.2 Nonalienation. No benefit or interest of any Participant or Beneficiary under this Plan will be subject to any manner of assignment,
alienation, anticipation, sale, transfer, pledge or encumbrance, whether voluntary or involuntary. Notwithstanding the foregoing, the Committee will honor a court order regarding the payment of alimony or other support payments, or the establishment
of community property or other marital property rights, to the extent required by law, and consistent with Treas. Reg. §1.409A-3(j)(4)(ii) with respect to amounts credited to the Participant’s Post-409A Account. Prior to distribution to a
Participant or Beneficiary, no Deferral Account balance will be in any manner subject to the debts, contracts, liabilities, engagements or torts of the Participant or Beneficiary. Assets, regardless of whether they are held in trust to fund this
Plan, may be diverted to pay the Company’s creditors, if the Company is Insolvent. 
 8.3 Withholding; Payroll Taxes. The
Company shall withhold from any contribution or distribution made pursuant to this Plan any taxes (including, but not limited to Social Security taxes) required to be withheld from such contributions or distributions under local, state, federal or
foreign law. 
 8.4 Eligible Employees Subject to Taxation Outside the United States. With respect to any Eligible Employee who
is subject to taxation in countries other than the United States, the Committee may provide special terms and conditions with respect to such Eligible 

  

 16 

 
Employees participation in the Plan as the Committee deems appropriate and necessary to comply with the laws of the applicable countries, and the Committee
may create such procedures, addenda and subplans and make such modifications as may be necessary or advisable to comply with such laws. 
 8.5 Limitation of Rights. Nothing in this Plan will be construed to give a Participant the right to continue in the employ of the Company at any particular position or to interfere with the right of the Company to discharge,
lay off or discipline a Participant at any time and for any reason, or to give the Company the right to require any Participant to remain in its employ or to interfere with the Participant’s right to terminate his or her employment. 

8.6 Governing Law. To the extent that state law applies, the provisions of this Plan will be construed, enforced and administered in
accordance with the laws of the Commonwealth of Massachusetts, except to the extent pre-empted by ERISA. 
 8.7 Section 409A
of the Code. The Plan is intended to comply with the applicable requirements of section 409A of the Code with respect to amounts subject to such requirements, and shall be administered in accordance with section 409A of the Code to the extent
section 409A of the Code applies to the Plan. Notwithstanding anything in the Plan to the contrary, elections to defer Base Salary and Bonus to the Plan and distributions from the Plan may only be made in a manner and upon an event permitted by
section 409A of the Code with respect to amounts subject to such requirements. To the extent that any provision of the Plan would cause a conflict with the requirements of section 409A of the Code, such provision shall be deemed null and void. Other
than a valid Deferred Compensation Agreement or Amended Deferred Compensation Agreement, in no event shall a Participant, directly or indirectly, designate the calendar year of payment with respect to amounts subject to section 409A of the Code.

 IN WITNESS WHEREOF, the Company by its duly authorized officer has executed
this amendment and restatement of the Novell, Inc. Stock-Based Deferred Compensation Plan as of the 30th day of December, 2008. 
  

			
	NOVELL, INC.
		
	By:	 	/s/ Alan Friedman
	Title:	 	SVP, Human Resources

  

 17Severance Agreement dated as of February 8, 2007

 Exhibit 10.5 
 GROUP I 
 SEVERANCE AGREEMENT 
 THIS SEVERANCE AGREEMENT (this “Agreement”), dated as of February 8, 2007 is made and entered by and between Novell, Inc., a Delaware
corporation (the “Company”), and John Dragoon (the “Executive”). 
 WITNESSETH: 
 WHEREAS, the Executive is a senior executive of the Company and is expected to make major contributions to the short- and long-term profitability,
growth and financial strength of the Company: 
 WHEREAS, the Board (as defined below) has determined that appropriate arrangements should be
taken to encourage the continued attention and dedication of the Executive to his assigned duties without distraction; and 
 WHEREAS, in
consideration of the Executive’s employment with the Company, the Company desires to provide the Executive with certain compensation and benefits set forth in this Agreement in order to ameliorate the financial and career impact on the
Executive in the event the Executive’s employment with the Company is terminated for a reason related to, or unrelated to, a Change in Control (as defined below) of the Company. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth and intending to be legally bound hereby,
the Company and the Executive agree as follows: 
 1. Certain Defined Terms. In addition to terms defined elsewhere herein, the following terms have the
following meanings when used in this Agreement with initial capital letters: 
 “Base Pay” means the greater of(i) the
Executive’s annual base salary rate, exclusive of bonuses, commissions and other Incentive Pay, as in effect immediately preceding the Executive’s Termination Date, or (ii) the Executive’s highest annual base salary rate,
exclusive of bonuses, commissions and other Incentive Pay, as in effect in any of the three (3) full calendar years preceding the Executive’s Termination Date. 
 “Board” means the Board of Directors of the Company. 
 “Cause”: 
 For purposes of Involuntary Termination Prior to a Change in Control. means a determination by the Company’s Chief Executive Officer
or Senior Vice President-People, in either case with legal advice and consultation of the Company’s Senior Vice President – General 

 
Counsel. acting in his authority as the Company’s general counsel, that the Executive has committed any of the following acts: 
 ued violations of the Executive’s obligations which are demonstrably willful or deliberate on the 
 tive’s part after there has been delivered to the Executive a written demand for performance from the 
 any which describes the basis for the Company’s belief that the Executive has willfully or deliberately 
 ed his obligations to the Company; 
 ng in
willful misconduct which is injurious to the Company or any Subsidiary; 
 itting a felony, an act of fraud against or the misappropriation
of property belonging to the Company or 
 ibsidiary: 
 ing, in any material respect, terms of any confidentiality or proprietary information agreement between 
 ecutive and the Company; or 
 itting a material violation of the Company’s Code of Business Ethics or Employee Conduct and
Standards 
 , as either or both are in effect from time to time by the Company. 
 For purposes of Involuntary Termination Associated With a Change in Control, means a determination by the Board that the Executive has committed any of
the following acts: 
 ecutive has been convicted of a criminal violation involving fraud, embezzlement or theft in connection 
 is duties or in the course of his employment with the Company or any Subsidiary; or 
 ecutive has committed intentional wrongful disclosure of secret processes or confidential information of 
 mpany or any Subsidiary; and any such act has been demonstrably and materially harmful to the 
 my. For purposes of this subparagraph (B), no act on the part of the Executive will be deemed 
 tional” if it was due primarily to an error in judgment or negligence, but will be deemed “intentional” if 
 y the Executive not in good faith and without reasonable belief that the Executive’s action was in the best 
 t of the Company. 
 thstanding the foregoing,
the Executive will not be deemed to have been terminated for “Cause” under 
 iuse (ii) unless and until there has been
delivered to the Executive a copy of a resolution duly adopted by 
  

 2 

 irmative vote of not less than three-quarters of the members of the Board then in office at a meeting of
the 
 finding that, in the good faith opinion of the Board, the Executive has committed an act constituting 
 ,” as herein defined, and specifying the particulars thereof in detail. Prior to any such determination, the 
 tive shall be provided with reasonable notice of such pending determination and the Executive, together 
 is counsel (if the Executive chooses to have counsel present at such meeting), shall be provided with the 
 unity to be heard before the Board makes any such determination. Nothing herein will limit the right of 
 ecutive or his beneficiaries to contest the validity or propriety of any such determination. 
 “Change in Control” means the occurrence of any of the following events: 
 the acquisition by any individual, entity or group (within the meaning of section 1 3(d)(3) or 14(d)(2) of the Exchange Act)(a
“Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 25% or more of the combined voting power of the then outstanding Voting Stock of the Company: provided, however, that for purposes
of this Section l(d)(i), the following acquisitions will not constitute a Change in Control: (A) any issuance of Voting Stock of the Company directly from the Company that is approved by the Incumbent Board (as defined in Section l(d)(ii),
below). (B) any acquisition by the Company of Voting Stock of the Company. (C) any acquisition of Voting Stock of the Company by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary, or
(D) any acquisition of Voting Stock of the Company by any Person pursuant to a Business Combination that complies with clauses (A), (B) and (C) of Section l(d)(iii), below; and provided, further, that a Change in Control will not
occur if any Person becomes the beneficial owner of 25% or more of the combined voting power of the Voting Stock of the Company solely as a result of an issuance of Voting Stock described in clause (A) of this Section l(d)(i) or an acquisition
of Voting Stock described in clause (B) of this Section l(d)(i) unless and until such Person thereafter acquires beneficial ownership of Voting Stock of the Company that causes the aggregate percent of the combined voting power of the Voting
Stock of the Company then owned beneficially by such Person to exceed the percent of the combined voting power of Voting Stock of the Company owned beneficially by such Person immediately after such issuance or acquisition described in clause
(A) or (B) of this Section l(d)(i); 
 individuals who, as of the date hereof constitute the Board (the
“Incumbent Board,” as modified by this Section l(d)(ii)), cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a Director subsequent to the date hereof whose election, or
nomination for election by the Company’s stockholders, was approved by a vote of at least two-thirds of the Directors then comprising the Incumbent Board (either by a specific vote or by approval of the proxy statement of the Company in which
such person is named as a nominee for director, without objection to such nomination) will be deemed to have then been a member of the Incumbent Board, but excluding, for this purpose, any such individual 

  

 3 

 
whose initial assumption of office occurs as a result of an actual or threatened election contest (within the meaning of Rule l4a-11 of the Exchange Act)
with respect to the election or removal of Directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 
 consummation of a reorganization, merger or consolidation, a sale or other disposition of all or substantially all of the assets of the
Company, or other transaction (each, a “Business Combination”), unless, in each case, immediately following such Business Combination, (A) all or substantially all of the individuals and entities who were the beneficial owners of
Voting Stock of the Company immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the combined voting power of the then outstanding shares of Voting Stock of the entity resulting from such Business
Combination (including, without limitation, an entity which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries), (B) no Person (other
than the Company; such entity resulting from such Business Combination; any employee benefit plan (or related trust) sponsored or maintained by the Company, any Subsidiary or such entity resulting from such Business Combination; or any Person who
immediately prior to such Business Combination beneficially owned directly or indirectly 25% or more of the combined voting power of the voting stock of the Company and whose ownership of such Voting Stock did not result in a Change in Control under
Section l(d)(i)) beneficially owns, directly or indirectly, 25% or more of the combined voting power of the then outstanding shares of Voting Stock of the entity resulting from such Business Combination, and (C) at least a majority of the
members of the Board of Directors of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination;
or approval by the stockholders of the Company of a complete liquidation or dissolution of the Company, except pursuant to a Business Combination that complies with clauses (A), (B) and (C) of Section 1 (d)(iii). 
 “COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1986. as amended. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Constructive Termination Associated With a Change in Control” means the termination of the Executive’s employment with the Company by the Executive as a result of the occurrence of one of the following
events, without the Executive’s express written consent, as a result of a Change in Control: 
 the failure to elect or
reelect or otherwise to maintain the Executive in the office or the position, or an equivalent office or position, of or with the Company and/or a Subsidiary (or any successor thereto by operation of law or otherwise), as the case may be, which the
Executive held immediately prior to a Change in Control, or the removal of the Executive as a Director of the Company and/or a Subsidiary (or any successor thereto) if the Executive has been a Director of the Company and/or a Subsidiary immediately
prior to the Change in Control; 
  

 4 

 the failure of the Company to remedy any of the following within ten (10) business
days after receipt by the Company of written notice thereof from the Executive: (A) an adverse change in the nature or scope of the authorities, powers, functions, responsibilities or duties attached to the position with the Company and any
Subsidiary which the Executive held immediately prior to the Change in Control, (B) a reduction in the aggregate of the Executive’s Base Pay, Incentive Pay, and Equity Compensation, or (C) the termination or denial of the
Executive’s rights to Employee Benefits or a reduction in the scope or value thereof; 
 a determination by the Executive
(which determination will be conclusive and binding upon the parties hereto provided it has been made in good faith and in all events will be presumed to have been made in good faith unless otherwise shown by the Company by clear and convincing
evidence) that a change in circumstances has occurred following a Change in Control, including, without limitation, a change in the scope of the business or other activities for which the Executive was responsible immediately prior to the Change in
Control, which has rendered the Executive unable to carry out, has hindered the Executive’s performance of, or has caused the Executive to suffer a reduction in, any of the authorities, powers, functions, responsibilities or duties attached to
the position held by the Executive immediately prior to the Change in Control, which situation is not remedied within ten (10) business days after written notice to the Company from the Executive of such determination; 
 the liquidation, dissolution, merger, consolidation or reorganization of the Company or transfer of all or substantially all of its
business and/or assets, unless the successor or successors (by liquidation, merger, consolidation, reorganization, transfer or otherwise) to which all or substantially all of its business and/or assets have been transferred (by operation of law or
otherwise) assumes all duties and obligations of the Company under this Agreement pursuant to Section 15(a); 
 a
requirement by the Company that the Executive have his principal location of work changed to any location that is in excess of thirty-five (35) miles from the location thereof immediately prior to the Change in Control. or that the Executive
travel away from his office in the course of discharging his responsibilities or duties hereunder at least 20% more (in terms of aggregate days in any calendar year or in any calendar quarter when annualized for purposes of comparison to any prior
year) than was required of the Executive in any of the three (3) full years immediately prior to the Change in Control; pr 
 without limiting the generality or effect of the foregoing, any material breach of this Agreement by the Company or any successor thereto which is not remedied by the Company within ten (10) business days after receipt by the Company
of written notice from the Executive of such breach. 
 In no event shall the termination of the Executive’s employment
with the Company on account of the Executive’s death or Disability or because the Executive engaged in conduct constituting Cause be deemed to be a Constructive Termination Associated With a Change in Control. 
  

 5 

 “Constructive Termination Prior to a Change in Control” means the termination of the
Executive’s employment with the Company by the Executive as a result of the occurrence of one of the following events, without the Executive’s express written consent: 
 a comprehensive and substantial reduction in all or most of the Executive’s primary duties, authority and responsibilities compared
to the Executive’s duties, authority and responsibilities immediately prior to such reduction; 
 a significant reduction
in the Executive’s Base Pay compared to the Executive’s Base Pay in effect immediately prior to such reduction; provided, however, that a reduction in the Executive’s Base Pay of less than twenty percent (20%) or a reduction in
the Executive’s Base Pay that is part of an overall reduction in compensation also applied to other senior executives of the Company as a result of decreased business performance by the Company or one of its business units, shall not constitute
a Constructive Termination Prior to a Change in Control; or 
 the failure of the Company to obtain the assumption of this
Agreement by any successors. 
 In no event shall the termination of the Executive’s employment with the Company on
account of the Executive’s death or Disability or because the Executive engaged in conduct constituting Cause be deemed to be a Constructive Termination Prior to a Change in Control. 
 “Disability” means the Executive becomes permanently disabled within the meaning of, and begins actually to receive disability benefits
pursuant to, the long-term disability plan in effect for, or applicable to, the Executive. 
 “Employee Benefits” means the
perquisites, benefits and service credit for benefits as provided under any and all employee retirement income and welfare benefit policies, plans, programs or arrangements in which the Executive is entitled to participate, including, without
limitation, any stock option, performance share, performance unit, stock purchase, stock appreciation, savings, pension, supplemental executive retirement, or other retirement income or welfare benefit, deferred compensation, incentive compensation,
group or other life, health, medical/hospital or other insurance (whether funded by actual insurance or self-insured by the Company or a Subsidiary). disability, salary continuation, expense reimbursement and other employee benefit policies, plans,
programs or arrangements that may now exist or any equivalent successor policies, plans, programs or arrangements that may be adopted hereafter by the Company or a Subsidiary, providing perquisites, benefits and service credit for benefits at least
as great in the aggregate as are payable thereunder. 
 “Equity Compensation” means any stock option, stock appreciation, stock
purchase, restricted stock, restricted stock unit, long term incentive cash bonus award or any other kind of equity-based plan, program, arrangement or grant regardless of whether the form of distribution is in stock or cash. 
  

 6 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Incentive Pay” means the greater of: (i) the Executive’s maximum Target Bonus for which the Executive was eligible during the period
that includes the Termination Date, or (ii) the highest aggregate bonus or incentive payment paid to the Executive during any of the three (3) full calendar years prior to his Termination Date. For purposes of this definition, “Target
Bonus” means the annual bonus, incentive, commission or other sales incentive compensation, or comparable incentive payment opportunity which, in the sole discretion of the Company, is deemed to constitute a Target Bonus, in addition to Base
Pay, for which the Executive was eligible to receive, but did not receive prior to his Termination Date, in regard to services rendered in the year covered by the Executive’s Termination Date and is to be made pursuant to any bonus, incentive,
profit-sharing, performance, discretionary pay or similar agreement, policy, plan, program or arrangement (whether or not funded) of the Company or a Subsidiary, or any successor thereto. For purposes of this definition, “Incentive Pay”
does not include any Equity Compensation, one time bonus or payment (including, but not limited to, any sign-on bonus), any amounts contributed by the Company for the benefit of the Executive to any qualified or nonqualified deferred compensation
plan, whether or not provided under an arrangement described in the prior sentence, or any amounts designated by the parties as amounts other than Incentive Pay. 
 “Involuntary Termination Associated With a Change in Control” means the termination of the Executive’s employment related to a Change in Control: (i) by the Company for any reason other than Cause,
the Executive’s death or the Executive’s Disability, or (ii) on account of a Constructive Termination Associated with a Change in Control. 
 “Involuntary Termination Prior to a Change in Control” means the termination of the Executive’s employment unrelated to a Change in Control: (i) by the Company for any reason other than Cause, the
Executive’s death or the Executive’s Disability, or (ii) on account of a Constructive Termination Prior to a Change in Control. 
 “Restricted Business” means, 
 if the Executive is entitled to severance benefits under this Agreement on
account of an Involuntary Termination Prior to a Change in Control. (A) the design, development, manufacture, marketing or support of local or wide area network products, computer operating systems, applications products, software products or
services that enable organizations to more effectively conduct business using the Web, or any other software products of the type designed, developed, manufactured, sold or supported by the Company or as proposed to he designed, developed,
manufactured, sold or supported by the Company pursuant to a development project that is actually being pursued during the term of this Agreement; (B) any business that performs technology and consulting services that help businesses develop
and accelerate their transition to Internet-based c-business solutions and processes, or management services that assist businesses in improving their operating processes; or (C) any business that competes directly or indirectly with the
hardware, software or consulting businesses of the Company. 
  

 7 

 if the Executive is entitled to severance benefits under this Agreement on account of an
Involuntary Termination Associated With a Change in Control, any business function with a direct competitor of the Company that is substantially similar to the business function performed by the Executive with the Company immediately prior to his
Termination Date. 
 “Restricted Territory” means the counties, towns, cities or states of any country in which the Company
operates or does business. 
 “Severance Period” means the twelve (12) month period after the Executive’s Termination
Date. 
 “Subsidiary” means any Company controlled affiliate. 
 “Termination Date” means the last day of the Executive’s employment with the Company. 
 “Termination of Employment” means, except as provided in the following sentence, the termination of the Executive’s active employment
relationship with the Company on account of an Involuntary Termination Prior to a Change in Control or an Involuntary Termination Associated With a Change in Control. For purposes of the non-solicitation provision of Section 11 of the
Agreement, the term “Termination of Employment” shall mean the termination of the Executive’s employment relationship with the Company for any reason, including, but not limited to, the Executive’s Involuntary Termination Prior
to a Change in Control, Involuntary Termination Associated With a Change in Control, voluntary termination, termination on account of Disability, or termination by the Company for Cause. 
 “Voting Stock” means securities entitled to vote generally in the election of directors. 
 2. Termination Prior to a Change in Control. 
 Involuntary Termination Prior to a Change in Control. In the event the Executive’s employment is terminated on account of an Involuntary Termination Prior to a Change in Control, the Executive shall be entitled to the benefits
provided in subsection (b) of this Section 2. 
 Compensation and Benefits Upon Involuntary Termination Prior to a Change in
Control. Subject to the provisions of Section 5 hereof, in the event a termination described in subsection (a) of this Section 2 occurs, the Company shall pay and provide to the Executive after his Termination Date: 
 150% of his Base Pay. Unless a different payment stream is made pursuant to Section 13(b) of this Agreement, such Base Pay shall be
paid to the Executive in equal installments over the Severance Period, consistent with the Company’s normal payroll practices, commencing with the first administratively practicable payroll period that occurs after the period during which the
Executive’s right to revoke his acceptance to the terms of the Release has expired. 
  

 8 

 The Executive shall receive his pro rated Incentive Pay for the year in which his
Termination of Employment occurs. The pro rated Incentive Pay shall be based on the Executive’s Incentive Pay for the year in which the Executive’s Termination Date occurs, multiplied by a fraction, the numerator of which is the number of
days during which the Executive was employed by the Company in the year of his termination and the denominator of which is 365. Unless a different payment stream is made pursuant to Section 13(b) of this Agreement, such pro rated Incentive Pay
shall be paid to the Executive in equal installments over the Severance Period, consistent with the Company’s normal payroll practices, commencing with the first administratively practicable payroll period that occurs after the period during
which the Executive’s right to revoke his acceptance to the terms of the Release has expired. 
 Commencing on the month
immediately following the month in which his Termination Date occurs, the Executive shall continue to receive for a twelve (12) month period the medical and dental coverage in effect on his Termination Date (or generally comparable coverage)
for himself and, where applicable, his spouse and dependents, at the same premium rates as may be charged from time to time for employees of the Company generally, as if the Executive had continued in employment with the Company during such period;
provided, however, that in the event that such continuation coverage violates applicable law or results in a material adverse tax effect to the Company or the Executive, the Company shall pay the Executive cash in lieu of such coverage in an amount
equal to the Executive’s after-tax cost of continuing comparable coverage, where such coverage may not be continued by the Company (or where such continuation would adversely affect the tax status of the plan pursuant to which the coverage is
provided). If the Executive does not receive the cash payment described in the preceding sentence, the Company shall take all commercially reasonable efforts to provide that the COBRA health care continuation coverage period under section 4980B of
the Code, shall commence immediately after the foregoing twelve (12) month period, with such continuation coverage continuing until the earlier of (A) the end of the applicable COBRA health care continuation coverage period or (B) the
date on which the Executive is covered by the medical and dental coverage of his successor employer, if any. 
 With respect
to any Company stock options held by the Executive as of his Termination Date, the Company shall accelerate the vesting of that portion of the Executive’s stock options, if any, which would have vested and become exercisable within the one
(1) year period after the Executive’s Termination Date, such options, plus any other options that previously became exercisable and have not expired or been exercised, shall remain exercisable, notwithstanding anything in any other
agreement governing such options, for the longer of (A) a period of six (6) months after the Executive’s Termination Date, or (B) the period set forth in the award agreement covering the option (collectively, the “Pre-Change
in Control Option Expiration Date”); provided, however, that in no event will the option be exercisable beyond its original term or, if not addressed in the grant agreement, then not later than the latest date that will avoid adverse tax
consequences to the Executive (if such date is earlier than the Pre-Change in Control Option Expiration Date). 
 With respect
to any shares of Company common stock held by the Executive as of his Termination Date that are subject to the Company’s repurchase right upon termination of the 

  

 9 

 
Executive’s employment (“Restricted Stock”), the Company shall waive such repurchase rights as to the number of shares of Restricted Stock
that would have vested within the one (1) year period after the Executive’s Termination Date. 
 To cover the cost
of outplacement assistance services for the Executive that are actually provided by an outplacement agency selected by the Executive, for which the Company provides prior approval, with such approval not to be unreasonably withheld, in an amount not
to exceed twenty percent (20%) of the Executive’s Base Pay. 
 The Executive shall receive any amounts earned,
accrued or owing but not yet paid to the Executive as of his Termination Date, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. 
 3. Termination Associated With a Change in Control. 
 Involuntary Termination Associated With a Change in Control. In the event the Executive’s employment is terminated after, or in connection with, a Change in Control, on account of (i) an Involuntary Termination Associated
With a Change in Control within the two (2) year period after the Change in Control, or (ii) an Involuntary Termination Associated With a Change in Control that occurs (A) not more than six (6) months prior to the date on which a
Change in Control occurs or (B) following the commencement of any discussion with a third person that ultimately results in a Change in Control, the Executive shall be entitled to the benefits provided in subsection (b) of this
Section 3. If the Executive is entitled to benefits described in this Section 3 by reason of clause (a)(ii) above, the Executive shall receive the compensation and benefits described in Section 2(b) above after his Termination of
Employment, in accordance with the provisions of Section 2(b), regardless of whether the Change in Control actually occurs, and the Executive shall receive the additional compensation and benefits described in Section 3(b) below only if
the Change in Control is consummated and shall receive such additional amounts after the consummation of the Change in Control, in accordance with the provisions of Section 3(b) below. For purposes of subsection 3(a)(ii)(B) above, to be
eligible to receive amounts described in Section 3(b) below, the Change in Control must be consummated within the twelve (12) month period following the Executive’s Termination Date, except in circumstances pursuant to which the
consummation of the Change in Control is delayed, through no failure of the Company or the third person, by a governmental or regulatory authority or agency with jurisdiction over the matter, or as a result of other similar circumstances. In such a
circumstance, the remaining of the twelve (12) month period shall be tolled and shall recommence upon termination of the delaying event. 
 Compensation and Benefits Upon Involuntary Termination Associated With a Change in Control. Subject to the provisions of Section 5 hereof, in the event a termination described in subsection (a) of this Section 3
occurs, the Company shall pay and provide to the Executive after his Termination Date: 
 Lump sum cash payment equal to
(A) two (2) times Base Pay, plus (B) two (2) times Incentive Pay. Unless the payment is delayed pursuant to Section 13(b) of this Agreement, 

  

 10 

 
this lump sum cash payment shall he paid to the Executive within thirty (30) days after the Executive’s Termination Date (or the end of the
revocation period for the Release, if later). 
 Lump sum cash payment equal to Executive’s pro rated Incentive Pay for
the year in which his Termination of Employment occurs. The pro rated Incentive Pay shall be based on the Executive’s Incentive Pay for the year in which the Executive’s Termination Date occurs, multiplied by a fraction, the numerator of
which is the number of days during which the Executive was employed by the Company in the year of his termination and the denominator of which is 365. Unless the payment is delayed pursuant to Section 13(h) of this Agreement, this lump sum
payment shall be paid to the Executive within thirty (30) days after the Executive’s Termination Date (or the end of the revocation period fir the Release, if later). 
 Commencing with the month immediately following the month in which his Termination Date occurs, the Executive shall continue to receive
for a twenty-four (24) month period the medical and dental coverage in effect on his Termination Date (or generally comparable coverage) for himself and, where applicable, his spouse and dependents, at the same premium rates as may be charged
from time to time for employees generally, as if the Executive had continued in employment during such period; provided. however, that in the event that such continuation coverage violates applicable law or results in a material adverse tax effect
to the Company or the Executive, the Company shall pay the Executive cash in lieu of such coverage in an amount equal to the Executive’s after-tax cost of continuing comparable coverage, where such coverage may not be continued by the Company
(or where such continuation would adversely affect the tax status of the plan pursuant to which the coverage is provided). If the Executive does not receive the cash payment described in the preceding sentence, the Company shall take all
commercially reasonable efforts to provide that the COBRA health care continuation coverage period under section 4980B of the Code, shall commence immediately after the foregoing twenty-four (24) month period, with such continuation coverage
continuing until the earlier of(A) the end of the applicable COBRA health care continuation coverage period or (B) the date on which the Executive is covered by the medical and dental coverage of his successor employer, if any. 
 Lump sum cash payment equal to the total amount that the Executive would have received under the Company’s 40 1(k) plan as a Company
match if the Executive was eligible to participate in the Company’s 401(k) plan for the twenty-four (24) month period after his Termination Date and he contributed the maximum amount to the plan for the match. Unless the payment is delayed
pursuant to Section 13(b) of this Agreement, this lump sum payment shall be paid to the Executive within thirty (30) days after the Executive’s Termination Date (or the end of the revocation period for the Release, if later).

 Lump sum cash payment equal to the total premiums that the Company would have paid under the Executive’s split-dollar
life insurance policy, if any, that is in effect immediately prior to his Termination Date, if the Executive was employed by the Company for the twenty-four (24) month period following the Executive’s Termination Date; provided, however,
that if the remaining length of the term of the split-dollar arrangement pursuant to which the Company must make premium payments is less than the foregoing twenty-four (24) month period, the Executive shall only receive a lump sum cash payment
equal to the remaining 

  

 11 

 
Company premiums for the term of the arrangement. Unless payment is delayed pursuant to Section 13(b) of this Agreement, this lump sum payment shall be
paid to the Executive within thirty (30) days after the Executive’s Termination Date (or the end of the revocation period for the Release, if later). Notwithstanding the foregoing, no payment shall be made to the Executive pursuant to this
clause (v) if on the Executive’s Termination Date, either the Executive does not have a split-dollar life insurance policy with the Company or the Company has no obligations to make premium contributions to the Executive’s
split-dollar life insurance policy. 
 Lump sum cash payment equal to twenty percent (20%) of the Executive’s Base
Pay in order to cover the cost of outplacement assistance services for the Executive. Unless payment is delayed pursuant to Section 13(b) of this Agreement, this lump sum payment shall be paid to the Executive within thirty (30) days after
the Executive’s Termination Date (or the end of the revocation period for the Release, if later). 
 The Executive shall
receive any amounts earned, accrued or owing but not yet paid to the Executive as of his Termination Date, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the
Company. 
 Equity Compensation. Notwithstanding any provision to the contrary in any applicable plan, program or agreement, or any
contrary provision in this Agreement in the event that either or both of the following occur: 
 a Change in Control in which
the Executive’s employment is terminated on account of an Involuntary Termination Associated with a Change in Control; or 
 a Change in Control occurs, but the acquirer or successor fails to provide the Executive with equity compensation rights substantially comparable in value to the Executive’s unvested equity compensation rights immediately prior to the
Change in Control; 
 then all stock options, Restricted Stock and other equity rights held by the Executive will become fully
vested and/or exercisable, as the case may be, as of the date of the Executive’s Termination Date in the case of clause (i) or as of the date of the Change in Control in the case of clause (ii), and all stock options held by the Executive
shall remain exercisable, notwithstanding anything in any other agreement governing such options, for the longer of (i) a period of twenty-four (24) months after the Executive’s Termination Date, or (ii) the period set forth in
the award agreement covering the option (collectively, the “Change in Control Option Expiration Date”); provided, however, that in no event will the option be exercisable beyond its original term or, if not addressed in the grant
agreement, then not later than the latest date that will avoid adverse tax consequences to the Executive (if such date is earlier than the Change in Control Option Expiration Date). 
 For purposes of clause (ii) above, equity compensation provided by the acquiror or successor shall be deemed substantially comparable
to the Executive’s unvested equity compensation rights immediately prior to the Change in Control only if (A) such unvested equity compensation rights are assumed by the acquiror or successor on the same basis (including the 

  

 12 

 
same exchange ratio) as is provided to non-employee holders of such equity or, if none, on a basis substantially identical to such basis or (B) such
unvested equity compensation rights are replaced by equity compensation rights granted by the acquiror or successor which rights are materially identical in value to (employing the same equity valuation methodology as the Company employed for
financial accounting purposes immediately prior to the Change in Control) and are subject to the same vesting schedule as was applicable to the unvested equity compensation rights held by the Executive immediately prior to the Change in Control.

 4. Termination of Employment on Account of Disability, Cause or Death. Notwithstanding anything in this Agreement to the contrary, if the
Executive’s employment terminates on account of Disability, the Executive shall be entitled to receive disability benefits under any disability program maintained by the Company that covers the Executive. and the Executive shall not be
considered to have terminated employment under this Agreement and shall not receive benefits pursuant to Sections 2 and 3 hereof. If the Executive’s employment terminates on account of Cause or because of his death, the Executive shall not be
considered to have terminated employment under this Agreement and shall not receive benefits pursuant to Sections 2 and 3 hereof 
 5. Release.
Notwithstanding the foregoing. no such payments shall be made or benefits provided unless the Executive executes, and does not revoke, the Company’s standard written release, substantially in the form as attached hereto as Annex A, (the
“Release”), of any and all claims against the Company and all related parties with respect to all matters arising out of the Executive’s employment by the Company (other than entitlements under the terms of this Agreement or under any
other plans or programs of the Company in which the Executive participated and under which the Executive has accrued or become entitled to a benefit) or a termination thereof 
 6. Enforcement. Without limiting the rights of the Executive at law or in equity, if the Company fails to make any payment or provide any benefit required to be made or provided hereunder on a timely basis, the
Company will pay interest on the amount or value thereof at an annualized rate of interest equal to the so-called composite “prime rate” as quoted from time to time during the relevant period in the Eastern Edition of The Wall Street
Journal. Such interest will be payable as it accrues on demand. Any change in such prime rate will be effective on and as of the date of such change. 
 7. Certain Additional Payments by the Company. 
 The provisions of this Section 7 shall apply notwithstanding anything
in this Agreement to the contrary. Subject to subsection (b) below, in the event that it shall be determined that any payment, benefit provided or distribution by the Company to or for the benefit of the Executive, whether paid or payable or
distributed or distributable pursuant to the terms of this Agreement or otherwise (a “Payment”), would constitute an “excess parachute payment” within the meaning of section 280G of the Code, the Company shall pay the Executive
an additional amount (the “Gross-Up Payment”) such that the net amount retained by the Executive after deduction of any excise tax imposed under section 4999 of the Code, and any federal, state and local income tax, employment tax, excise
tax and other tax imposed upon the Gross-Up Payment, shall be equal to 

  

 13 

 
the Payment. The right to each payment of such amount shall vest as of the day on which the payment determination is made, and each such payment shall be
made on the thirtieth (30th) day following the vesting date. 
 Notwithstanding subsection (a), and notwithstanding any other provisions
of this Agreement to the contrary, if the net after-tax benefit to the Executive of receiving the Gross-Up Payment does not exceed the Safe Harbor Amount (as defined below) by more than 10% (as compared to the net-after tax benefit to the Executive
resulting from elimination of the Gross-Up Payment and reduction of the Payments to the Safe Harbor Amount), then (i) the Company shall not pay the Executive the Gross-Up Payment and (ii) the provisions of subsection (c) below shall
apply. The term “Safe Harbor Amount” means the maximum dollar amount of parachute payments that may he paid under section 280G of the Code without imposition of an excise tax under section 4999 of the Code. 
 The provisions of this subsection (c) shall apply only if the Company is not required to pay the Executive a Gross-Up Payment as a result of
subsection (h) above. If the Company is not required to pay the Executive a Gross-Up Payment as a result of the provisions of subsection (b), the Company will apply a limitation on the Payment amount as set forth in clause (i) below (a
“Parachute Cap”) if the application of the Parachute Cap is beneficial to the Executive, according to the following provisions: 
 If clause (ii) does not apply, the aggregate present value of the Payments under Section 3 of this Agreement (“Agreement Payments”) shall be reduced (but not below zero) to the Reduced Amount. The “Reduced
Amount” shall be an amount expressed in present value which maximizes the aggregate present value of Agreement Payments without causing any Payment to be subject to the limitation of deduction under section 280G of the Code. For purposes of
this Section 7, “present value” shall be determined in accordance with section 280G(d)(4) of the Code. 
 It is the intention
of the parties that the Parachute Cap apply only if application of the Parachute Cap is beneficial to the Executive. Therefore, if the net amount that would be retained by the Executive under this Agreement without the Parachute Cap, after payment
of any excise tax under section 4999 of the Code, exceeds the net amount that would be retained by the Executive with the Parachute Cap, then the Company shall not apply the Parachute Cap to the Executive’s payments. In that event, neither the
Parachute Cap nor the Gross-Up Payment will apply to the Executive. 
 All determinations to be made under this Section 7 shall be made
by the nationally recognized independent public accounting firm used by the Company immediately prior to the Change in Control (“Accounting Firm”), which Accounting Firm shall provide its determinations and any supporting calculations to
the Company and the Executive within ten days of the Executive’s termination date. If any Gross-Up Payment is required to be made, the Company shall make the Gross-Up Payment within ten days after receiving the Accounting Firm’s
calculations. Any such determination by the Accounting Firm shall be binding upon the Company and the Executive. 
  

 14 

 All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this
Section 7 shall be borne solely by the Company. 
 8. No Mitigation Obligation. The Company hereby acknowledges that it will be difficult and may
be impossible for the Executive to find reasonably comparable employment following the Termination Date. Accordingly, the payment of the severance compensation by the Company to the Executive in accordance with the terms of this Agreement is hereby
acknowledged by the Company to be reasonable, and the Executive will not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor will any profits, income, earnings or other
benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of the Executive hereunder or otherwise. 
 9. Legal Fees and Expenses. In the event of a Change in Control, it is the intent of the Company that the Executive not he required to incur legal fees and the related expenses associated with the interpretation, enforcement or
defense of the Executive’s rights under this Agreement by litigation or otherwise because the cost and expense thereof would detract from the benefits intended to he extended to the Executive hereunder. 
 Accordingly, if a Change in Control occurs and it should appear to the Executive that the Company has failed to comply with any of its obligations under
this Agreement or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding designed to deny, or to recover
from. the Executive the benefits provided or intended to be provided to the Executive under Section 3(b) of the Agreement, the Company irrevocably authorizes the Executive from time to time to retain counsel of the Executive’s choice, at
the expense of the Company as hereafter provided, to advise and represent the Executive in connection with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any litigation or other legal
action, whether by or against the Company or any Director, officer, stockholder or other person affiliated with the Company, in any jurisdiction. Notwithstanding any existing or prior attorney-client relationship between the Company and such
counsel, the Company irrevocably consents to the Executive’s entering into an attorney-client relationship with such counsel, and in that connection the Company and the Executive agree that a confidential relationship will exist between the
Executive and such counsel. Without respect to whether the Executive prevails, in whole or in part, in connection with any of the foregoing, the Company will pay and be solely financially responsible for any and all attorneys’ and related fees
and expenses incurred by the Executive in connection with any of the foregoing; provided that, in regard to such matters, the Executive has not acted frivolously, in bad faith or with no colorable claim of success. Such expenses will be paid by the
Company on the thirtieth day following its receipt of adequate substantiation to support payment of the expense amount. 
 10. Confidentiality. The
Executive hereby covenants and agrees that he will not disclose to any person not employed by the Company, or use in connection with engaging in competition with the Company, any confidential or proprietary information (as defined below) of the
Company. For purposes of this Agreement, the term “confidential or proprietary information” will include all information of any nature and in any form that is owned by the Company and that 

  

 15 

 
is not publicly available (other than by the Executive’s breach of this Section 10) or generally known to persons engaged in businesses similar or
related to those of the Company. Confidential or proprietary information will include, without limitation, the Company’s financial matters, customers, employees, industry contracts, strategic business plans, product development (or other
proprietary product data), marketing plans, consulting solutions and processes, and all other secrets and all other information of a confidential or proprietary nature which is protected by the Uniform Trade Secrets Act. For purposes of the
preceding two sentences, the term “Company” will also include any Subsidiary (collectively, the “Restricted Group”). The foregoing obligations imposed by this Section 10 will not apply (i) in the course of the business
of and for the benefit of the Company, (ii) if such confidential or proprietary information has become, through no fault of the Executive, generally known to the public, or (iii) if the Executive is required by law to make disclosure
(after giving the Company notice and an opportunity to contest such requirement). 
 11. Covenants Not to Compete and Not to Solicit. In the event of
the Executive’s Termination of Employment, the Company’s obligations to provide severance pay as provided in Sections 2 and 3 shall he expressly conditioned Upon the Executive’s covenants not to compete and not to solicit as provided
herein. In the event the Executive breaches his obligations to the Company as provided herein, the Company’s obligations to make severance payments to the Executive pursuant to Sections 2 and 3 shall cease, without prejudice to any other
remedies that may be available to the Company. 
 Covenant Not to Compete. 
 If the Executive is receiving compensation and benefits under Section 2(b) above, then for a period of nine (9) months following
the Executive’s Termination Date, the Executive shall not directly or indirectly, engage in (whether as employee, consultant, proprietor, partner, director or otherwise), or have any ownership interest in, or participate in a financing,
operation, management or control of any person, firm, corporation or business that is a Restricted Business in a Restricted Territory without the prior written consent of the Board. For this purpose, ownership of no more than 5% of the outstanding
Voting Stock of a publicly traded corporation shall not constitute a violation of this provision. 
 If the Executive is
receiving compensation and benefits under Section 3(b) above (or subsequently becomes entitled to severance under Section 3(b) above because of a termination described in Section 3(a)(ii)), then for a period of one (1) year
following the Executive’s Termination Date, the Executive shall not directly or indirectly, engage in (whether as employee, consultant, proprietor, partner, director or otherwise), or have any ownership interest in, or participate in a
financing, operation, management or control of any person, firm, corporation or business that is a Restricted Business in a Restricted Territory without the prior written consent of the Board. For this purpose, ownership of no more than 5% of the
outstanding Voting Stock of a publicly traded corporation shall not constitute a violation of this provision. 
 Covenant Not to
Solicit. The Executive shall not, for a period of two (2) years after the Executive’s Termination Date for any reason: (i) solicit, encourage or take any other action which is intended to induce any other employee of the Company
to terminate his employment 

  

 16 

 
with the Company; or (ii) interfere in any manner with the contractual or employment relationship between the Company and any such employee of the
Company. The foregoing shall not prohibit Executive or any entity with which the Executive may be affiliated from hiring a former employee of the Company, provided that such hiring results exclusively from such former employee’s affirmative
response to a general recruitment effort. 
 Interpretation. The covenants contained herein are intended to be construed as a series
of separate covenants, one for each county, town, city and state or other political subdivision of a Restricted Territory. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in
the preceding subsections. If, in any judicial proceeding, the court shall refuse to enforce any of the separate covenants (or any part thereof) deemed included in such subsections, then such unenforceable covenant (or such part) shall he deemed to
be eliminated from this Agreement for the purpose of those proceedings to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced. 
 Reasonableness. In the event that the provisions of this Section 11 shall ever be deemed to exceed the time, scope or geographic limitations
permitted by applicable laws, then such provisions shall be reformed to the maximum time, scope or geographic limitations, as the case may be, permitted by applicable laws. 
 12. Employment Rights. Nothing expressed or implied in this Agreement will create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company or
any Subsidiary prior to or following any Change in Control. 
 13. Certain Tax Matters. 
 Withholding. The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes as the Company is
required to withhold pursuant to any applicable law, regulation or ruling. 
 Effect of Section 409A of the Code. The parties
intend that the provisions of this Agreement will operate in a manner that will avoid adverse federal income tax consequences under section 409A of the Code. If a payment under this Agreement to the Executive is subject to the requirements of
section 409A of the Code, the Executive hereby acknowledges and agrees that the Company may take any actions deemed necessary in its sole discretion to avoid adverse federal income tax consequences under section 409A of the Code and that such action
may be taken without the consent of the Executive, including, but not limited to, delaying the commencement of any payment under this Agreement for six (6) months from the Executive’s Termination Date if it is determined that as of such
Termination Date, the Executive is a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the Code and corresponding regulations, and such amounts are deemed as deferred compensation subject to the requirements of section
409A of the Code. 
 Time of Payment. If a payment is not made by the designated payment date under this Agreement, the payment will
be made in any event by the later of (i) the end of the calendar year 

  

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in which the designated payment date occurs or (ii) the 15th day of the third calendar month following the designated payment date, or such other date
as may be permitted by section 409A of the Code and the regulations thereunder. 
 14. Term of Agreement. This Agreement shall continue in full force
and effect for the duration of the Executive’s employment with the Company; provided, however, that after the termination of the Executive’s employment during the term of this Agreement, this Agreement shall remain in effect until all of
the obligations of the parties hereunder are satisfied or have expired. 
 15. Successors and Binding Agreement. 
 The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or
substantially all of the business or assets of the Company. by agreement in form and substance reasonably satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company
would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons acquiring directly or
indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor will thereafter be deemed the “Company” for the purposes of this
Agreement), but will not otherwise be assignable, transferable or delegable by the Company. 
 This Agreement will inure to the benefit of
and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees and legatees. This Agreement will supersede the provisions of any employment or other agreement between the
Executive and the Company that relate to any matter that is also the subject of this Agreement, and such provisions in such other agreements will be null and void. 
 This Agreement is personal in nature and neither of the parties hereto will, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly
provided in Sections 15(a) and 15(b). Without limiting the generality or effect of the foregoing, the Executive’s right to receive payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security
interest, or otherwise, other than by a transfer by the Executive’s will or by the laws of descent and distribution and, in the event of any attempted assignment or transfer contrary to this Section 15(c), the Company will have no
liability to pay any amount so attempted to be assigned, transferred or delegated. 
 16. Notices. For all purposes of this Agreement, all
communications, including without limitation notices, consents, requests or approvals, required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or dispatched by electronic
facsimile transmission (with receipt thereof orally confirmed by the recipient), or five (5) business days after having been mailed by United States registered or certified mail, return receipt requested, postage prepaid, or three
(3) business days after having been sent by a 

  

 18 

 
nationally recognized courier service for overnight/next-day delivery, such as FedEx, UPS, or the United States Postal Service, addressed to the Company (to
the attention of the Secretary of the Company) at its principal executive office and to the Executive at his principal residence, or to such other address as any party may have furnished to the other in writing and in accordance herewith, except
that notices of changes of address will be effective only upon receipt. 
 17. Governing Law. The validity, interpretation, construction and
performance of this Agreement will be governed by and construed in accordance with the substantive laws of the Commonwealth of Massachusetts, without giving effect to the principles of conflict of laws of such Commonwealth. 
 18. Validity. If any provision of this Agreement or the application of any provision hereof to any person or circumstances is held invalid, unenforceable or
otherwise illegal, the remainder of this Agreement and the application of such provision to any other person or circumstances will not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal will be reformed to the
extent (and only to the extent) necessary to make it enforceable, valid or legal. 
 19. Miscellaneous. 
 Except as provided in subparagraph (h) below or pursuant to Section 13(b), no provision of this Agreement may be modified, waived or discharged
unless such waiver, modification or discharge is agreed to in writing signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party hereto or compliance with any condition or provision of this
Agreement to be performed by such other party vi11 he deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, expressed or implied with
respect to the subject matter hereof have been made by either party that are not set forth expressly in this Agreement. References to Sections are to references to Sections of this Agreement. Any reference in this Agreement to a provision of a
statute, rule or regulation will also include any successor provision thereto. Whenever used herein, the masculine includes the feminine. 
 Notwithstanding any contrary provision of this Agreement, the Company may modify benefits otherwise payable or to be provided under this Agreement without obtaining the Executive’s consent to such modification to the extent that the
Company determines in its sole discretion that such modification is necessary or appropriate in order to effect compliance with applicable law or regulatory requirements. 
 20. Survival. Notwithstanding any provision of this Agreement to the contrary, the parties’ respective rights and obligations under Sections 2, 3, 7, 9, 10, and 11 will survive any termination or
expiration of this Agreement or the termination of the Executive’s employment for any reason whatsoever. 
 21. Counterparts. This Agreement may
be executed in one or more counterparts, each of which will be deemed to be an original but all of which together will constitute one and the same agreement. 
 [SIGNATURE PAGE FOLLOWS] 
  

 19 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the
date first above written. 
  

									
	NOVELL, INC.	 		 	
				
	By:	 	/s/ Ronald W. Hovsepian	 		 	2/8/07
	Name:	 	Ronald W. Hovsepian	 		 		 	
	Title:	 	President and Chief Executive Officer	 		 		 	

  

									
	EXECUTIVE	 		 	
				
	/s/ John Dragoon	 		 		 	
	John Dragoon	 		 		 	

  

 20 

 Annex A 
 SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE 
 THIS SEPARATION OF EMPLOYMENT AGREEMENT AND
GENERAL RELEASE (the “Agreement”) is made as of this              day of
                        ,             , by and between
Novell, Inc. (the “Company”) and                          (“Executive”). 
 WHEREAS, Executive formerly was employed by the Company as
                        ; 
 WHEREAS, Executive and Company entered into the Severance Agreement, dated              , 200_, (the “Severance Agreement”) which
provides for certain benefits in the event that Executive’s employment is terminated on account of a reason set forth in the Severance Agreement; 
 WHEREAS, Executive and the Company mutually desire to terminate Executive’s employment on an amicable basis, such termination to be effective (“Date of Resignation”); and 
 WHEREAS, in connection with the termination of Executive’s employment, the parties have agreed to a separation package and the resolution of any and
all disputes between them. 
 NOW, THEREFORE, IT IS HEREBY AGREED by and between Executive and the Company as follows: 
 1. (a) Executive, for and in consideration of the commitments of the Company as set forth in paragraph 6 of this Agreement, and intending to be
legally bound, does hereby REMISE, RELEASE AND FOREVER DISCHARGE the Company, its affiliates, subsidiaries and parents, and its officers, directors, employees, and agents, and its and their respective successors and assigns, heirs, executors, and
administrators (collectively, “Releasees”) from all causes of action, suits, debts, claims and demands whatsoever in law or in equity, which Executive ever had, now has, or hereafter may have, whether known or unknown, or which
Executive’s heirs, executors, or administrators may have, by reason of any matter, cause or thing whatsoever, from the beginning of Executive’s employment to the date of this Agreement, and particularly, but without limitation of the
foregoing general terms, any claims arising from or relating in any way to Executive’s employment relationship with the Company, the terms and conditions of that employment relationship, and the termination of that employment relationship,
including, but not limited to, any claims arising under the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, Title VII of The Civil Rights Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave
Act of 1993, the Employee Retirement Income Security Act of 1974, [State Fair Employment Practice Law], and any other claims under any federal, state or local common law, statutory, or regulatory provision, now or hereafter recognized, and
any claims for attorneys’ fees and costs. This Agreement is effective without regard to the legal nature of the claims raised and without regard to whether any such claims are based upon tort, equity, implied or express contract or
discrimination of any sort. 
  

 1 

 (b) To the fullest extent permitted by law, and subject to the provisions of paragraph 11
below, Executive represents and affirms that (i) [other than                 ,] Executive has not filed or caused to be filed on Executive’s
behalf any claim for relief against the Company or any Releasee and, to the best of Executive’s knowledge and belief, no outstanding claims for relief have been filed or asserted against the Company or any Releasee on Executive’s behalf;
(ii) [other than                 ,] Executive has not reported any improper, unethical or illegal conduct or activities to any supervisor, manager,
department head, human resources representative, agent or other representative of the Company, to any member of the Company’s legal or compliance departments, or to the ethics hotline, and has no knowledge of any such improper, unethical or
illegal conduct or activities; and (iii) Executive will not file, commence, prosecute or participate in any judicial or arbitral action or proceeding against the Company or any Releasee based upon or arising out of any act, omission,
transaction, occurrence, contract, claim or event existing or occurring on or before the date of this Agreement. 
 2. [The Company, for
and in consideration of the commitments of the Executive as set forth in this Agreement, and intending to be legally bound, does hereby REMISE, RELEASE AND FOREVER DISCHARGE the Executive from all claims, demands or causes of action arising out of
facts or occurrences prior to the date of this Agreement, but only to the extent the Company knows or reasonably should know of such facts or occurrence and only to the extent such claim, demand or cause of action relates to a violation of
applicable law or the performance of Executive’s duties with the Company; provided, however, that this release of claims shall not in any case be effective with respect to any claim by the Company alleging a breach of the Executive’s
obligations under this Agreement.] 
 [Note: Paragraph 2 only applies if Executive is receiving severance benefits on account of an Involuntary
Termination Associated With a Change in Control.] 
 3. In consideration of the Company’s agreements as set forth in paragraph 6
herein, Executive agrees to be comply with the limitations described in Sections 10 and 11 of the Severance Agreement. 
 4. Executive
further agrees and recognizes that Executive has permanently and irrevocably severed Executive’s employment relationship with the Company, that Executive shall not seek employment with the Company or any affiliated entity at any time in the
future, and that the Company has no obligation to employ him in the future. 
 5. Executive further agrees that Executive will not disparage
or subvert the Company, or make any statement reflecting negatively on the Company, its affiliated corporations or entities, or any of their officers, directors, employees, agents or representatives, including, but not limited to, any matters
relating to the operation or management of the Company, Executive’s employment and the termination of Executive’s employment, irrespective of the truthfulness or falsity of such statement. 
 6. In consideration for Executive’s agreement as set forth herein, the Company agrees: 
  

 2 

 [Note: The following severance benefits would apply if the Executive has an Involuntary Termination Prior to a
Change in Control.] 
 (i) [to pay Executive 150% of Executive’s Base Pay (as defined in the Severance
Agreement) [for the Severance Period (as defined in the Severance Agreement), payable in equal installments, consistent with the Company’s past payroll practices, commencing with the first payroll period that occurs after the period during
which Executive’s right to revoke Executive’s acceptance to the terms of this Agreement have expired.] or [, payable in a lump sum, within thirty (30) days after Executive’s Date of Resignation (or the end of the
revocation period set forth in this Agreement, if later).] 
 (ii) to pay Executive Executive’s pro rated
Incentive Pay (as defined in the Severance Agreement) for the year in which Executive’s Date of Resignation occurs. Such pro rated Incentive Pay shall be paid to Executive [for the Severance Period payable in equal installments,
consistent with the Company’s past Payroll practices, commencing with the first payroll period that occurs after the period during which Executive’s right to revoke Executive’s acceptance to the terms of the Release has
expired.] or [paid in a lump sum, within thirty (30) days after Executive’s Date of Resignation (or the end of the revocation period set forth in this Agreement, if later).] 
 (iii) [for a period of twelve (12) months following Executive’s Date of Resignation, Executive shall continue to receive
the medical and dental coverage in effect on Executive’s Date of Resignation (or generally comparable coverage)for Executive and, where applicable, Executive’s spouse and dependents, as the same may be changed from time to time for
employees generally, as if Executive had continued in employment during such period.] or [pay Executive cash in a lump sum payment equal to Executive’s after-tax cost of continuing comparable medical and dental
coverage for the twelve (12) month period following Executive’s Date of Resignation]. [The Company shall take all commercially reasonable efforts to provide that the COBRA health care continuation coverage period under
section 4980B of the Code, shall commence immediately after the foregoing twelve (12) month benefit period, with such continuation coverage continuing until the earlier of (i) the end of the applicable COBRA health care continuation
coverage period or (ii) the date on which Executive is covered by the medical and dental coverage of Executive’s successor employer, if any.] 
 (iv) with respect to any Company stock options held by the Executive as of Executive’s Date of Resignation, the portion of
Executive’s stock options, if any, which would have vested and become exercisable within the one (1) year period after the Executive’s Date of Resignation shall become vested and exercisable as of Executive’s Date of Resignation,
such options, plus any other options that previously became exercisable and have not expired or been exercised, to remain exercisable, notwithstanding anything in any other agreement governing such options, for the longer of (A) a period of six
(6) months after the Executive’s Date of Resignation, or (B) the period set forth in the award agreement covering the option, subject in either case only to the original term of the option. 

  

 3 

 
Any stock options held by Executive that are not exercisable as of the Executive’s Date of Resignation shall terminate as of the Executive’s
Date of Resignation. 
 (v) with respect to any shares of Company common stock that are held by the Executive
that are, at the time of Executive’s Date of Resignation, subject to the Company’s repurchase right upon termination of the Executive’s employment (“Restricted Stock”), to waive such repurchase right as to the number of
shares of Restricted Stock that would have become no longer subject to the Company’s repurchase right within the one (1) year period after the Executive’s Date of Resignation. 
 (vi) pay the cost of outplacement assistance services for Executive that are actually provided by an outplacement agency
selected by Executive, which the Company provides prior approval, with such approval not to be unreasonably withheld, in an amount not to exceed twenty percent (20%) of the Executive’s Base Pay. 
 (vii) Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of Executive’s Date of
Resignation, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. 
 Except as set forth in this Agreement, it is expressly agreed and understood that Releasees do not have, and will not have, any obligations to provide Executive at any time in the future with any payments, benefits
or considerations other than those recited in this paragraph, or those required by law, other than under the terms of any benefit plans which provide benefits or payments to former employees according to their terms.] 
 [Note: The following severance benefits would apply if the Executive has an Involuntary Termination Associated With a Change in Control] 
 (i) [to pay to Executive a lump sum payment equal to (A) 2 times Base Pay (as defined in the Severance Agreement), plus
(B) 2 times Incentive Pay (as defined in the Severance Agreement). Payment shall be made within thirty (30) days after the effective date of Executive’s Date of Resignation (or the end of the revocation period set forth in this
Agreement, if later). 
 (ii) to pay Executive Executive’s pro rated incentive Pay (as defined in the
Severance Agreement) for the year in which Executive’s Date of Resignation occurs. Such pro rated Incentive Pay shall be paid to Executive in a lump sum within thirty (30) days after the effective date of the termination (or the end of the
revocation period set forth in this Agreement, if later). 
 (iii) [for a period of twenty-four (24) months
following Executive’s Date of Resignation, Executive shall continue to receive the medical and dental coverage in effect on Executive’s Date of Resignation (or generally comparable coverage) for Executive and, where applicable,
Executive’s spouse and dependents, as the same may be changed from time to time for employees generally, as if Executive had continued in employment during such period] or  

  

 4 

 
[pay Executive cash in a lump sum payment equal to Executive’s after-tax cost of continuing comparable medical and dental coverage for the
twenty-four (24) month period following Executive’s Date of Resignation.] [The Company shall take all commercially reasonable efforts to provide that the COBRA health care continuation coverage period under section 4980B of
the Code, shall commence immediately after the foregoing twenty-four (24) month benefit period, with such continuation coverage continuing until the earlier of (i) the end of the applicable COBRA health care continuation coverage period or
(ii) the date on which Executive is covered by the medical and dental coverage of Executive’s successor employer, if any.] 
 (iv) to pay to Executive a lump sum payment equal to the total amount that Executive would have received under the Company’s 401(k) plan as a Company match if Executive was eligible to participate in
the Company’s 401(k) plan for the twenty-four (24) month period after Executive’s Date of Resignation and Executive contributed the maximum amount to the plan for the match. Payment shall be made within thirty (30) days after the
Executive’s Date of Resignation (or the end of the revocation period set forth in this Agreement, if later). 
 (v) [to pay to Executive a lump sum payment equal to the total premiums that the Company would have paid under Executive’s split-dollar life insurance policy, if any, that is in effect immediately prior to Executive’s
Date of Resignation, if Executive was employed by the Company for the twenty-four (24) month period following Executive’s Date of Resignation. Payment shall be made within thirty (30) days after the effective date of Executive’s
Date of Resignation (or the end of the revocation period set forth in this Agreement, if later)j. [Note: The foregoing only applies if Executive has a split-dollar arrangement with the Company and the Company is required to make premium
contributions on Executive’s Date of Resignation. The total months covered by the premiums will be reduced if the term of the policy is shorter than that provided for Executive.] 
 (vi) to pay to Executive a lump sum payment equal to twenty percent (20%) of the Executive’s Base Pay in order to
cover the cost of outplacement assistance services for Executive. Payment shall be made within thirty (30) days after the effective date of Executive’s Date of Resignation (or the end of the revocation period set forth in this Agreement,
if later). 
 (vii) Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive
as of Executive’s Date of Resignation, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. 
 Except as set forth in this Agreement, it is expressly agreed and understood that Releasees do not have, and will not have, any obligations to provide Executive at
any time in the future with any payments, benefits or considerations other than those recited in this paragraph, or those required by law, other than under the terms of any benefit plans which provide benefits or payments to former employees
according to their terms.] 
  

 5 

 7. Executive understands and agrees that the payments, benefits and agreements provided in this Agreement
are being provided to him in consideration for Executive’s acceptance and execution of, and in reliance upon Executive’s representations in, this Agreement. Executive acknowledges that if Executive had not executed this Agreement
containing a release of all claims against the Company, Executive would only have been entitled to the payments provided in the Company’s standard severance pay plan for employees. 
 8. Executive acknowledges and agrees that the Company previously has satisfied any and all obligations owed to him under any employment agreement or
offer letter Executive has with the Company and, further, that this Agreement supersedes any employment agreement or offer letter Executive has with the Company, and any and all prior agreements or understandings, whether written or oral, between
the parties shall remain in full force and effect to the extent not inconsistent with this Agreement, and further, that, except as set forth expressly herein, no promises or representations have been made to him in connection with the termination of
Executive’s employment agreement, if any, or offer letter, if any, with the Company, or the terms of this Agreement. 
 9. Executive
agrees not to disclose the terms of this Agreement to anyone, except Executive’s spouse, attorney and, as necessary, tax/financial advisor. Likewise, the Company agrees that the terms of this Agreement will not be disclosed except as may be
necessary to obtain approval or authorization to fulfill its obligations hereunder or as required by law. It is expressly understood that any violation of the confidentiality obligation imposed hereunder constitutes a material breach of this
Agreement. 
 10. Executive represents that Executive does not presently have in Executive’s possession any records and business
documents, whether on computer or hard copy, and other materials (including but not limited to computer disks and tapes, computer programs and software, office keys, correspondence, files, customer lists, technical information, customer information,
pricing information, business strategies and plans, sales records and all copies thereof) (collectively, the “Corporate Records”) provided by the Company and/or its predecessors, subsidiaries or affiliates or obtained as a result of
Executive’s prior employment with the Company and/or its predecessors, subsidiaries or affiliates, or created by Executive while employed by or rendering services to the Company and/or its predecessors, subsidiaries or affiliates. Executive
acknowledges that all such Corporate Records are the property of the Company. In addition, Executive shall promptly return in good condition any and all Company owned equipment or property, including, but not limited to, automobiles, personal data
assistants, facsimile machines, copy machines, pagers, credit cards, cellular telephone equipment, business cards, laptops and computers. As of the Date of Resignation, the Company will make arrangements to remove, terminate or transfer any and all
business communication lines including network access, cellular phone, fax line and other business numbers. 
 11. Nothing in this Agreement
shall prohibit or restrict Executive from: (i) making any disclosure of information required by law; (ii) providing information to, or testifying or otherwise assisting in any investigation or proceeding brought by, any federal regulatory
or law enforcement agency or legislative body, any self-regulatory organization, or the Company’s [designated legal, compliance or human resources officers]; or (iii) filing, testifying, 

  

 6 

 
participating in or otherwise assisting in a proceeding relating to an alleged violation of any federal, state or municipal law relating to fraud, or any
rule or regulation of the Securities and Exchange Commission or any self-regulatory organization. 
 12. The parties agree and acknowledge
that the agreement by the Company described herein, and the settlement and termination of any asserted or unasserted claims against the Releasees, are not and shall not be construed to be an admission of any violation of any federal, state or local
statute or regulation, or of any duty owed by any of the Releasees to Executive. 
 13. Executive agrees and recognizes that should Executive
breach any of the obligations or covenants set forth in this Agreement, the Company will have no further obligation to provide Executive with the consideration set forth herein, and will have the right to seek repayment of all consideration paid up
to the time of any such breach. Further, Executive acknowledges in the event of a breach of this Agreement, Releasees may seek any and all appropriate relief for any such breach, including equitable relief and/or money damages, attorney’s fees
and costs. 
 14. Executive further agrees that the Company shall be entitled to preliminary and permanent injunctive relief, without the
necessity of proving actual damages, as well as to an equitable accounting of all earnings, profits and other benefits arising from any violations of this Agreement, which rights shall be cumulative and in addition to any other rights or remedies to
which the Company may be entitled. 
 15. This Agreement and the obligations of the parties hereunder shall be construed, interpreted and
enforced in accordance with the laws of the Commonwealth of Massachusetts. 
 16. Executive certifies and acknowledges as follows:

 (a) That Executive has read the terms of this Agreement, and that Executive understands its terms and effects, including
the fact that Executive has agreed to RELEASE AND FOREVER DISCHARGE the Company and each and everyone of its affiliated entities from any legal action arising out of Executive’s employment relationship with the Company and the termination of
that employment relationship; 
 (b) That Executive has signed this Agreement voluntarily and knowingly in exchange for the
consideration described herein, which Executive acknowledges is adequate and satisfactory to him and which Executive acknowledges is in addition to any other benefits to which Executive is otherwise entitled; 
 (c) That Executive has been and is hereby advised in writing to consult with an attorney prior to signing this Agreement; 
 (d) That Executive does not waive rights or claims that may arise after the date this Agreement is executed; 
  

 7 

 (e) That the Company has provided him with a period of [twenty-one (21)] or
[forty-five (45)] days within which to consider this Agreement, and that Executive has signed on the date indicated below after concluding that this Separation of Employment Agreement and General Release is satisfactory to him; and

 (f) Executive acknowledges that this Agreement may be revoked by him within seven (7) days after execution, and it
shall not become effective until the expiration of such seven (7) day revocation period. In the event of a timely revocation by Executive, this Agreement will be deemed null and void and the Company will have no obligations hereunder.

 [SIGNATURE PAGE FOLLOWS] 
  

 8 

 Intending to be legally bound hereby, Executive and the Company executed the foregoing Separation of
Employment Agreement and General Release this              day of             ,
            . 
  

									
		 		 	
				
	 	 		 	Witness:	 	 
	[Executive]	 		 		 	
			
	NOVELL, INC.	 		 	
					
	By:	 	 	 		 	Witness:	 	 
	Name:	 		 		 		 	
	Title:	 		 		 		 	

  

 9

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