Document:

EX-10.1

 Exhibit 10.1 

NETAPP, INC. 

RESTRICTED STOCK UNIT AGREEMENT (PERFORMANCE-BASED) 

NetApp, Inc. (the “Company”) hereby grants you, (the “Participant”), an award of restricted stock units (“Restricted Stock
Units”) under the NetApp, Inc. 1999 Stock Option Plan (the “Plan”). Subject to the provisions of Appendix A and Appendix B (both attached) and of the Plan, the principal features of this award are as follows: 

Participant: 
 «FIRST_NAME»
«MIDDLE_NAME» «LAST_NAME» 
 «ADDRESS_LINE_1» 

«ADDRESS_LINE_2» 
 «CITY»,
«STATE» «ZIP_CODE» 
 «COUNTRY» 

Grant Date: «GRANT_DATE» 
 Grant
Number: «NUM» 
 Target Number of Restricted Stock Units: «SHARES» (the “Target Number of Restricted Stock
Units”) 
 Maximum Number of Restricted Stock Units: «SHARES» (the “Maximum Number of Restricted Stock Units”)1 
 Vesting of Restricted Stock Units: The Restricted Stock Units will vest according to the
following schedule: 
 General 
 The number of
Restricted Stock Units that will become eligible for vesting as set forth below will depend upon the Company’s Total Stockholder Return (as defined below) as compared to the Index Total Stockholder Return (as defined below) for the Performance
Period (as defined below) and will be determined in accordance with this Agreement. 
 The “Performance Period” will begin on the first day of the
Company’s [            ] fiscal year (the “Commencement Date”) and end on the last day of the Company’s
[            ] fiscal year (the “Anniversary Date”). Notwithstanding the foregoing, in the event of a Change in Control, or in the event Participant’s continuous Service is
terminated due to Participant’s death or Permanent Disability (a “Qualifying Termination”), the Performance Period will be deemed to end upon the first to occur of the consummation of the Change in Control (the “Closing”) or
the date of the Qualifying Termination for purposes of calculating the Company’s Total Stockholder Return and the Index Total Stockholder Return. The first to occur of the Anniversary Date, the Closing, or a Qualifying Termination, is referred
to herein as the “Period End Date.” 
 If Participant’s continuous Service terminates prior to the Period End Date due to his or her
Retirement, Participant’s Restricted Stock Units will remain outstanding through the Period End Date and the number of Restricted Stock Units that become Eligible Restricted Stock Units (as defined below) will be measured as if
Participant’s continuous Service had not terminated. 
  

	1 	 This should be 200% of the Target Number of Restricted Stock Units 

  
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 If Participant’s continuous Service terminates prior to the Period End Date for any reason (other than as a
result of a Qualifying Termination or due to Participant’s Retirement), the Restricted Stock Units will terminate and be cancelled and Participant will have no further rights with respect to such Restricted Stock Units. Any Restricted Stock
Units that do not become Eligible Restricted Stock Units as of the Period End Date will terminate and be cancelled and Participant will have no further rights with respect to such Restricted Stock Units. 

Lastly, vesting is subject to Participant’s continuous Service through the applicable vesting date, subject to the vesting acceleration provisions set
forth below. 
 For purposes of this Agreement, “Retirement” will mean the voluntary termination of employment by the Participant either
(a) on or after reaching 62 years of age or (b) on or after reaching 55 years of age following a minimum of ten (10) years of continuous service to the Company or its Subsidiaries. 

Performance Matrix 
 The number of Restricted Stock Units
that become eligible to vest (“Eligible Restricted Stock Units”) will be determined by the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) in its sole discretion within forty-five
(45) days of the Period End Date and will depend upon the Company’s Total Stockholder Return as compared to the Index Total Stockholder Return calculated as of the Period End Date as described herein. 

The “Company’s Total Stockholder Return” means the annualized percentage increase or decrease in (A) the average adjusted closing price
per share of the Company’s Common Stock during the twenty (20) trading day period ending on the Period End Date as compared to (B) the average adjusted closing price per share of the Company’s Common Stock during the twenty
(20) trading day period ending on the Commencement Date. 
 Notwithstanding the foregoing, in the event of a Change in Control, the
“Company’s Total Stockholder Return” means the annualized percentage increase or decrease in (A) the per share value of the Company’s Common Stock payable to its stockholders in connection with the Change in Control as
compared to (B) the average adjusted closing price per share of the Company’s Common Stock during the twenty (20) trading day period ending on the Commencement Date. 

The “Index Total Stockholder Return” means the median annualized percentage increase or decrease of (A) the average adjusted closing price per
share of each company listed on the S&P 1500 Technology Hardware and Equipment Index (the “Index”) as of the Commencement Date excluding the Company during the twenty (20) trading day period ending on the Period End Date as
compared to (B) the average adjusted closing price per share of each company listed on the Index during the twenty (20) trading day period ending on the Commencement Date. 

Please see Exhibit 1 for additional details on how to calculate Total Stockholder Return. 

Please see Exhibit 2 for (i) a complete listing of companies in the S&P 1500 Technology Hardware and Equipment Index as of the Commencement Date, and
(ii) information relating to changes to companies listed in the Index during the Performance Period. 
 The Company’s Total Stockholder Return
will be compared against the Index Total Stockholder Return (each expressed as a growth rate percentage) to result in a growth rate (the “Growth Rate Delta”) equal to the Company’s Total Stockholder Return minus the Index Total
Stockholder Return. The Growth Rate Delta will be calculated as of the Period End Date. 

  
 2 

 Eligible Restricted Stock Unit Calculations: 

 

													
	 Level *
	  	Growth Rate Delta	 	 	Percentage of Target
Number of Restricted
Stock Units that Become
Eligible Restricted
Stock Units**	 	 	Number of Eligible
Restricted Stock Units**	 
	 1
	  	 	330	% 	 	 	200	% 	 	 	[—	] 
	 2
	  	 	0	% 	 	 	100	% 	 	 	[—	] 
	 3
	  	 	-20	% 	 	 	50	% 	 	 	[—	] 
	 4
	  	 	<-20	% 	 	 	0	% 	 	 	0	  

  

	*	The number of Restricted Stock Units that will become Eligible Restricted Stock Units will be interpolated on a linear basis between levels 1 – 3. The Growth Rate Delta will be rounded up to the nearest whole
number. The Percentage of Target Number of Restricted Stock Units that Become Eligible Restricted Stock Units will be rounded up to the nearest hundredth. 

Please see Exhibit 3 for additional details. 
  

	**	Any partial shares of Common Stock will be rounded down to the nearest whole share and any fractional shares will be forfeited for no consideration. 

In no event may more than 100% of the Maximum Number of Restricted Stock Units be Eligible Restricted Stock Units. 

Vesting 
 Eligible Restricted Stock Units will be
scheduled to vest in accordance with the following schedule, subject to Participant’s continuous Service through the applicable vesting date: 100% of the Eligible Restricted Stock Units will vest on the Anniversary Date (subject to the
following three paragraphs). In the event Participant’s continuous Service terminates for any or no reason before the Anniversary Date, the Eligible Restricted Stock Units and Participant’s right to acquire shares of Common Stock
thereunder will immediately terminate and such Eligible Restricted Stock Units will immediately be forfeited and cancelled (subject to the following three paragraphs). 

Qualifying Termination 
 In the event of a Qualifying
Termination that occurs prior to the Anniversary Date, the number of Eligible Restricted Stock Units that will vest on the new Period End Date will be pro-rated by multiplying the calculated number of Eligible Restricted Stock Units by a fraction
with a numerator equal to (i) the number of completed calendar months that have elapsed between the Commencement Date and the Period End Date and a denominator equal to twenty-four (24) / thirty-six (36) and any remaining Eligible
Restricted Stock Units will immediately be forfeited and cancelled. 

  
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 Retirement 

If Participant’s continuous Service terminates due to his or her Retirement, the number of Eligible Restricted Stock Units that will vest on the
Anniversary Date (or if earlier, upon a Closing) will be pro-rated by multiplying the calculated number of Eligible Restricted Stock Units by a fraction with a numerator equal to (i) the number of completed calendar months that have elapsed
between the Commencement Date and the date Participant’s continuous Service is terminated due to his or her Retirement and a denominator equal to twenty-four (24) / thirty-six (36) and any remaining Eligible Restricted Stock Units
will immediately be forfeited and cancelled. 
 Change in Control / Involuntary Termination 

In the event of a Change in Control that occurs prior to the Anniversary Date, the Eligible Restricted Stock Units will be scheduled to vest as to 100% of the
Eligible Restricted Stock Units on the Anniversary Date, subject to Participant’s continuous Service through such date. 
 Notwithstanding the
foregoing, in the event of an Involuntary Termination on or following a Change in Control, 100% of the Eligible Restricted Stock Units will vest on the termination date. 

For purposes of this Agreement, an “Involuntary Termination” means that Participant is terminated as a result of either (i) a termination of
Participant’s employment by the Company without Cause (as defined in Participant’s Change of Control Severance Agreement with the Company (the “Severance Agreement”)) or (ii) Participant resigns from such employment for Good
Reason (as defined in the Severance Agreement). 
 For purposes of clarification, the acceleration set forth in this Agreement is meant to be in lieu of,
and not in addition to, any acceleration provisions set forth in the Severance Agreement. 
 Unless otherwise defined herein or in Appendix A or Appendix B,
capitalized terms herein or in Appendix A or Appendix B will have the defined meanings ascribed to them in the Plan. 
 Participant acknowledges and
agrees that by clicking the “ACCEPT” button corresponding to this grant through the grant acceptance page on E*TRADE, it will act as Participant’s electronic signature to the Restricted Stock Unit Agreement which includes Appendix A
and Appendix B hereto (the “Agreement”) and will result in a contract between Participant and the Company with respect to this award of Restricted Stock Units. Participant agrees and acknowledges that Participant’s electronic
signature indicates Participant’s agreement and understanding that this award of Restricted Stock Units is subject to all of the terms and conditions contained in Appendix A and Appendix B and the Plan. For example, important additional
information on vesting and forfeiture of the Restricted Stock Units is contained in Paragraphs 3 through 5 of Appendix A. PLEASE BE SURE TO READ ALL OF APPENDIX A AND APPENDIX B (FOR THE PARTICULAR COUNTRY THAT APPLIES TO PARTICIPANT), WHICH
CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS AGREEMENT. 
 Participant should retain a copy of Participant’s electronically signed Agreement;
Participant may obtain a paper copy at any time and at the Company’s expense by requesting one from Stock Administration at stockadmin@netapp.com. If Participant would prefer not to electronically sign this Agreement, Participant may accept
this Agreement by signing a paper copy of the Agreement and delivering it to Stock Administration at 495 E. Java Drive, Sunnyvale, CA 94089. A copy of the Plan is available upon request made to Stock Administration. 

  
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 APPENDIX A 

TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS 

Grant # %%OPTION_NUMBER%-% 
  

	1.	Grant. The Company hereby grants to the Participant under the Plan an award of Restricted Stock Units, subject to all of the terms and conditions in this Agreement and the Plan. 

 

	2.	Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a share of Common Stock (or a cash amount equal to the value of a share on the date it becomes vested if the Company
elects to settle the Restricted Stock Unit in cash) on the date it becomes vested. Unless and until the Restricted Stock Units will have vested in the manner set forth in Sections 3 and 4, the Participant will have no right to payment of any
such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

  

	3.	Vesting Schedule. Subject to Section 4, the Restricted Stock Units awarded by this Agreement will vest according to the vesting schedule set forth on the attached Restricted Stock Unit Agreement, subject to
the Participant’s continuous Service through each such date. For purposes of clarification, Service shall include any notice of termination period (e.g., garden leave, etc.) during which the Participant is not providing active Service to the
Company or one of its affiliates. 

  

	4.	Forfeiture upon Termination of Continuous Service. Notwithstanding any contrary provision of this Agreement, if the Participant’s continuous Service terminates for any or no reason, the then-unvested
Restricted Stock Units awarded by this Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no further rights thereunder. 

 

	5.	Payment after Vesting. Any Restricted Stock Units that vest in accordance with Section 3 will be paid to the Participant (or in the event of the Participant’s death, to his or her estate) in whole
shares of Common Stock, provided that to the extent determined appropriate by the Company, any federal, state, foreign and local withholding taxes (including but not limited to income tax, payment on account and social insurance contributions) with
respect to such Restricted Stock Units will be paid by reducing the number of shares actually paid to the Participant (see Section 7). Subject to the provisions of Sections 2 and 5(b), vested Restricted Stock Units will be paid in whole shares
of Common Stock as soon as practicable after vesting, but in each such case no later than the date that is two-and-one-half (2  1⁄2) months from the later of
(i) the end of the Company’s tax year that includes the vesting date, or (ii) the end of Participant’s tax year that includes the vesting date. 

 

	 	a.	 Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of the
Restricted Stock Units is accelerated in connection with Participant’s termination of continuous Service (provided that such termination is a “separation from service” within the meaning of Section 409A to the extent
Section 409A is applicable, as determined by the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination of continuous Service
and (y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s termination of

  
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continuous Service, then the payment of such accelerated Restricted Stock Units will not be made until the date six (6) months and one (1) day following the date of Participant’s
termination of continuous Service, unless Participant dies following his or her termination, in which case, the Restricted Stock Units will be paid in shares of Common Stock in accordance with Section 6 as soon as practicable following his or
her death. It is the intent of this Agreement to comply with the requirements of Section 409A so that none of the Restricted Stock Units provided under this Agreement or shares of Common Stock issuable thereunder will be subject to the
additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. For purposes of this Agreement, “Section 409A” means Section 409A of the Internal Revenue Code of 1986, as amended, and any
proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 

  

	6.	Payments after Death. Any distribution or delivery to be made to the Participant under this Agreement will, if the Participant is then deceased, be made to the Participant’s designated beneficiary or in
accordance with applicable local laws, or if no beneficiary survives the Participant, administrator or executor of the Participant’s estate or other party entitled to the rights under applicable local laws. Any such transferee must furnish the
Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

  

	7.	Withholding of Taxes. Notwithstanding any contrary provision of this Agreement, no Shares of Common Stock will be issued to the Participant, unless and until satisfactory arrangements (as determined by the Plan
Administrator) will have been made by the Participant with respect to the payment of income (including federal, state, foreign and local taxes), employment, social insurance, payroll tax, payment on account and other taxes which the Company
determines must be withheld with respect to such shares so issuable (the “Withholding Taxes”). Participant acknowledges that the ultimate liability for all Withholding Taxes legally due by the Participant is and remains the
Participant’s responsibility and that the Company and/or the Participant’s actual employer (the “Employer”) (i) make no representations or undertakings regarding the treatment of any Withholding Taxes in connection with any
aspect of the Restricted Stock Units, including the grant of the Restricted Stock Units, the vesting of Restricted Stock Units, the settlement of the Restricted Stock Units in shares of Common Stock or the receipt of an equivalent cash payment, the
subsequent sale of any shares of Common Stock acquired at vesting and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the Restricted Stock Units to reduce or eliminate the
Participant’s liability for Withholding Taxes. 

 To satisfy the Withholding Taxes, the Company may withhold otherwise deliverable shares
of Common Stock upon vesting of Restricted Stock Units, according to the vesting schedule, having a Fair Market Value equal to the minimum amount required to be withheld for the payment of the Withholding Taxes pursuant to such procedures as the
Plan Administrator may specify from time to time. The Company will not retain fractional shares of Common Stock to satisfy any portion of the Withholding Taxes. If the Plan Administrator determines that the withholding of whole shares of Common
Stock results in an over-withholding to meet the minimum tax withholding requirements, a reimbursement will be made to the Participant as soon as administratively possible. 

If the Company does not withhold in shares of Common Stock as described above, prior to the issuance of shares of Common Stock upon vesting of Restricted
Stock Units or the receipt of an equivalent cash payment, the Participant shall pay, or make adequate arrangements satisfactory to the Company or to the Employer (in their sole discretion) to satisfy all withholding and payment on account
obligations of the Company and/or the Employer. In this regard, the Participant authorizes the Company or the Employer 

  
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to withhold all applicable Withholding Taxes legally payable by the Participant from the Participant’s wages or other cash compensation payable to the Participant by the Company or the
Employer or from any equivalent cash payment received upon vesting of the Restricted Stock Units. Alternatively, or in addition, if permissible under local law, the Company may allow Participant to satisfy the Withholding Taxes payable by the
Participant, by providing irrevocable instructions to a Company-designated broker to sell a sufficient number of shares of Common Stock otherwise deliverable to the Participant having a Fair Market Value equal to the Withholding Taxes, provided that
such sale does not violate Company policy or Applicable Laws. 
 If the Participant fails to make satisfactory arrangements for the payment of the
Withholding Taxes hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to vest pursuant to Section 3, the Participant will permanently forfeit such Restricted Stock Units and any shares of Common Stock otherwise
deliverable with respect thereto, and the Restricted Stock Units will not be issued to Participant. 
  

	8.	Rights as Stockholder. Neither the Participant nor any person claiming under or through the Participant will have any of the rights or privileges of a stockholder of the Company in respect of any shares of Common
Stock deliverable hereunder (if any) unless and until certificates representing such shares are issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to the Participant. 

 

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

  

	10.	Address for Notices. Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company at 495 East Java Drive, Sunnyvale, CA 94089, Attn: Stock Administration, or at such
other address as the Company may hereafter designate in writing. 

  

	11.	Grant is Not Transferable. Except to the limited extent provided in Section 6, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way
(whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege
conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void. 

 

	12.	Leave of Absence. The vesting of Restricted Stock Units will not be suspended and will continue in accordance with the vesting schedule under this Agreement during Participant’s authorized leave of absence
from the Corporation, or the Parent or Subsidiary employing Participant, subject to the remaining terms of this Agreement and the Plan. 

  

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

  
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	14.	Additional Conditions to Issuance of Stock. If at any time the Company determines, in its discretion, that the listing, registration or qualification of the shares of Common Stock upon any securities exchange or
under any state, foreign or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of shares to the Participant (or his or her estate), such issuance will not occur
unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company. Where the Company determines that the delivery of the payment of any shares
will violate federal or foreign securities laws or other applicable laws, the Company will defer delivery until the earliest date at which the Company reasonably anticipates that the delivery of shares will no longer cause such violation (to the
extent such deferral is not in violation of such laws). The Company will make all reasonable efforts to meet the requirements of any such state, foreign or federal law or securities exchange and to obtain any such consent or approval of any such
governmental authority. 

  

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

  

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

  

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

 

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

  

	19.	 Labor Law. By accepting this award of Restricted Stock Units, the Participant acknowledges that: (a) the grant of this award of Restricted
Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants,
including, but not limited to, the times when the Restricted Stock Units shall be granted, the number of shares of Common Stock issuable pursuant to each award of Restricted Stock Units, the time or times when Restricted Stock Units shall vest, will
be at the sole discretion of the Company; (c) the Participant’s participation in the Plan is voluntary; (d) this award of Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the
Participant’s employment contract, if any; (e) this award of Restricted Stock Units is not part of the Participant’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-service
payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of this award of Restricted Stock Units ceases upon termination of Service for any reason except as may otherwise be explicitly provided
in the Plan or this Agreement; (g) the future value of the underlying shares of Common Stock is unknown and cannot be predicted with certainty; (h) this award of Restricted Stock Units has been granted to the Participant in the
Participant’s status as an Employee, a non-employee member of the Board or a consultant or independent advisor of 

  
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the Company or its Parent or Subsidiary; (i) any claims resulting from this award of Restricted Stock Units shall be enforceable, if at all, against the Company; (j) in consideration of
the grant of this award, no claim or entitlement to compensation or damages shall arise from termination of the award or diminution in value of the award or any of the shares issuable under the award from termination of Participant’s Service by
the Company or Employer, as applicable (and for any reason whatsoever and whether or not in breach of contract or local labor laws), and Participant irrevocably releases his or her Employer, the Company and its Subsidiaries, as applicable, from any
such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, Participant shall be deemed to have irrevocably waived his or her entitlement
to pursue such claim; and (k) in the event that Employer is not the Company, the grant of the award will not be interpreted to form an employment contract or relationship with the Company and, furthermore, the grant of the Restricted Stock
Units will not be interpreted to form an employment contract with the Employer or any Subsidiary. 

  

	20.	Disclosure of Participant Information. 

  

	 	a.	Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this Agreement by and among, as
applicable, Participant’s employer, the Company and its Subsidiaries for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan. 

 

	 	b.	 For Participants outside the U.S., Participant understands that Participant’s employer, the Company and its Subsidiaries, as applicable,
hold certain personal information about Participant regarding Participant’s employment, the nature and amount of Participant’s compensation and the fact and conditions of Participant’s participation in the Plan, including, but not
limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, health, job title, any shares of stock or directorships held in the Company and its
Subsidiaries, details of all options, awards or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor, for the purpose of implementing, administering and managing the Plan
(the “Data”). Participant understands that the Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in Participant’s country, or
elsewhere, and that the recipient’s country may have different data privacy laws and protections than Participant’s country. Participant understands that Participant may request a list with the names and addresses of any potential
recipients of the Data by contacting Participant’s local human resources representative. Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing Participant’s participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party. Participant understands that the Data will be held only as long
as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant understands that Participant may, at any time, view the Data, 

  
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request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein, in any case without cost, by
contacting in writing Participant’s local human resources representative. Participant understands, however, that refusing or withdrawing Participant’s consent may affect Participant’s ability to participate in the Plan. For more
information on the consequences of Participant’s refusal to consent or withdrawal of consent, Participant understands that Participant may contact his or her local human resources representative. 

 

	21.	Governing Law. The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of California without resort to that State’s conflict-of-laws rules. 

 

	22.	Imposition of Other Requirements. The Company reserves the right to impose other requirements on Participant’s participation in the Plan, on the award and on any shares of Common Stock acquired under the
Plan, to the extent the Company determines it is necessary or advisable in order to comply with any applicable law or facilitate the administration of the Plan. Participant agrees to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing. Furthermore, Participant acknowledges that the laws of the country in which Participant is working at the time of grant, vesting or the sale of shares of Common Stock received pursuant to this award (including
any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject Participant to additional procedural or regulatory requirements that Participant is and will be solely responsible for and must fulfill.

  

	23.	Translations. If Participant has received this Agreement or any other document or communication related to the Plan or this grant in a language other than English and the meaning in the translation is different
than in the English version, the terms expressed in the English version will govern. 

  

	24.	Appendix B. Notwithstanding any provisions in this Agreement, the award shall be subject to any special terms and conditions set forth in any appendix to this Agreement (the “Appendix B”) for
Participant’s country. Moreover, if Participant relocates to one of the countries included in Appendix B, the special terms and conditions for such country will apply to Participant, to the extent the Company determines that the application of
such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix B constitutes part of this Agreement. 

  
 10 

 APPENDIX B 

ADDITIONAL TERMS AND CONDITIONS OF THE 

NETAPP, INC. 
 RESTRICTED
STOCK UNIT AGREEMENT 
 Terms and Conditions 

This Appendix B includes additional terms and conditions that govern the Restricted Stock Units granted to you under the Plan if you reside in one of the
countries listed below. Certain capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan and/or the Agreement. 

Notifications 
 This Appendix also includes
information regarding exchange controls and certain other issues of which you should be aware with respect to your participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective
countries as of August 2013. Such laws are often complex and change frequently. As a result, the Company strongly recommends that you not rely on the information in this Appendix B as the only source of information relating to the consequences of
your participation in the Plan because the information may be out of date at the time that the Restricted Stock Units vest or you sell shares acquired under the Plan. 

In addition, the information contained herein is general in nature and may not apply to your particular situation and the Company is not in a position to
assure you of a particular result. Accordingly, you are advised to seek appropriate professional advice as to how the relevant laws in your country may apply to your situation. 

Finally, if you are a citizen or resident of a country other than the one in which you are currently working, the information contained herein may not be
applicable to you. 
 ARGENTINA 
 Notifications

 Securities Law Information. Neither the Restricted Stock Units nor the issuance of the shares are publicly offered or listed on any stock
exchange in Argentina. The offer is private and not subject to the supervision of any Argentine governmental authority. 
 Exchange Control
Information. In the event that you transfer proceeds in excess of US$2,000,000 from the sale of shares into Argentina in a single month, you will be subject to certain exchange control laws. Please note that exchange control regulations in
Argentina are subject to frequent change. You should consult with your personal legal advisor regarding any exchange control obligations that you may have. 

  
 11 

 AUSTRALIA 

Terms and Conditions 
 Australian Addendum.
You understand and agree that the Restricted Stock Units are offered subject to and in accordance with the terms of the Plan and the Australian Addendum to the Plan. You further agree to be bound by the terms of the Plan as supplemented for
implementation in Australia by the Australian Addendum and the terms of the Restricted Stock Unit as set forth in the Agreement. 
 AUSTRIA

 Notifications 
 Exchange Control
Information. If you hold shares obtained through the Plan outside of Austria, you must submit a report to the Austrian National Bank. An exemption applies if the value of the shares as of any given quarter does not exceed €30,000,000 or as
of December 31 does not exceed €5,000,000. If the former threshold is exceeded, quarterly obligations are imposed, whereas if the latter threshold is exceeded, annual reports must be given. The annual reporting date is as of
December 31 and the deadline for filing the annual report is March 31 of the following year. 
 When shares are sold, there may be exchange
control obligations if the cash received is held outside Austria. If the transaction volume of all your accounts abroad exceeds €3,000,000, the movements and balances of all accounts must be reported monthly, as of the last day of the month, on
or before the fifteenth day of the following month. 
 Consumer Protection Information. If the provisions of the Austrian Consumer Protection Act are
applicable to the Agreement and the Plan, you may be entitled to revoke your acceptance of the Agreement under the conditions listed below: 
  

	i.	if you accept the Restricted Stock Units outside the business premises of the Company, you may be entitled to revoke your acceptance of the Agreement, provided the revocation is made within one week after you accept the
Agreement. 

  

	ii.	The revocation must be in written form to be valid. It is sufficient if you return the Agreement to the Company or the Company’s representative with language which can be understood as your refusal to conclude or
honor the Agreement, provided the revocation is sent within the period set forth above. 

 BELGIUM 

There are no country specific provisions. 
 BRAZIL 

Notifications 
 Exchange Control Information.
If you are a resident or domiciled in Brazil, you will be required to submit an annual declaration of assets and rights held outside of Brazil (including shares of Company Common Stock) to the Central Bank of Brazil if the aggregate value of such
assets and rights is equal to or greater than US$100,000. 
 BULGARIA 

There are no country specific provisions. 

  
 12 

 CANADA 

Terms and Conditions 
 Form of Settlement.
Restricted Stock Units granted to employees resident in Canada shall be paid in shares only. In no event shall any of such Restricted Stock Units be paid in cash, notwithstanding any discretion contained in the Plan to the contrary. 

Authorization of Release and Transfer Necessary Personal Information. This provision supplements Section 20 of the Agreement: 

You hereby authorize the Company and the Company’s representatives to discuss with and obtain all relevant information from all personnel, professional
or not, involved in the administration and operation of the Plan. You further authorize the Company, any 
 Parent or Subsidiary and the administrator of
the Plan to disclose and discuss the Plan with their advisors. You further authorize the Company and any Parent or Subsidiary to record such information and to keep such information in your employee file. 

French Language Provision. The following provisions will apply if you are a resident of Quebec: 

The parties acknowledge that it is their express wish that this Agreement, as well as all documents, notices and legal proceedings entered into, given or
instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 
 Les parties reconnaissent avoir exigé la
redaction en anglais de cette convention (“Agreement”), ainsi que de tous documents exécutés, avis donnés et procedures judiciaries intentées, directement ou indirectement, relativement a la
présente convention. 
 CHILE 

Notifications 
 Securities Law Information.
Neither the Company nor the shares that may be issued under this award are registered with the Chilean Registry of Securities or under the control of the Chilean Superintendence of Securities. 

Exchange Control Information. It is your responsibility to make sure that you comply with exchange control requirements in Chile when the value of your
share transaction is in excess of US$10,000. 
 If the Restricted Stock Units are paid in shares and the aggregate value of the shares exceeds
US$10,000, you must sign Annex 1 of the Manual of Chapter XII of the Foreign Exchange Regulations and file it directly with the Central Bank within 10 days of the settlement of the Restricted Stock Units. 

You are not required to repatriate funds obtained from the sale of shares acquired pursuant to your grant of Restricted Stock Units. However, if you decide to
repatriate such funds, you must do so through the Formal Exchange Market if the amount of the funds exceeds US$10,000. In such case, you must report the payment to a commercial bank or registered foreign exchange office receiving the funds. 

If your aggregate investments held outside of Chile exceeds US$5,000,000 (including shares acquired under the Plan), you must report the investments annually
to the Central Bank. Annex 3.1 of Chapter XII of the Foreign Exchange Regulations must be used to file this report. 

  
 13 

 Please note that exchange control regulations in Chile are subject to change. You should consult with your
personal legal advisor regarding any exchange control obligations that you may have prior to the vesting of the Restricted Stock Units. 
 Annual Tax
Reporting Obligation. The Chilean Internal Revenue (the “CIRS”) requires all taxpayers to provide information annually regarding: (i) the taxes paid abroad which they will use as a credit against Chilean income taxes, and
(ii) the gains/losses from foreign investments. These annual reporting obligations must be complied with by submitting a sworn statement setting forth this information before March 15 of each year. The forms to be used to submit the sworn
statement are Tax Form 1853 “Annual Sworn Statement Regarding Credits for Taxes Paid Abroad” and Tax Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad.” If you are not a Chilean citizen and have been a resident
in Chile for less than three years, you are exempt from the requirement to file Tax Form 1853. These statements must be submitted electronically through the CIRS website at http://www.sii.cl. 

CHINA 
 Terms and Conditions 

The Participant agrees that Participant must (and that Participant shall) sell, transfer or otherwise dispose of the shares of Common Stock acquired pursuant
to this award of Restricted Stock Units in such manner and subject to such terms and conditions as the Company or the Employer determines within six (6) months after the Participant’s termination of Service, or such other period of time as
the Company or the Employer may designate from time to time to comply with applicable legal requirements, including any registration, regulation, requirement or other similar law, statute, rule or regulation promulgated or requested by the State
Administration of Foreign Exchange (“SAFE”) or its local agency (the “Disposition Deadline”). The Participant hereby authorizes the Company or the Employer and appoints the Company and the Employer as the Participant’s
attorney-in-fact to sell on the Participant’s behalf any shares of Common Stock held by the Participant on or after the Disposition Deadline, without any further action, consent or instruction by the Participant. The Participant further
agrees and acknowledges that the Participant will be responsible and liable for all the costs associated with any such sale of shares of Common Stock and that neither the Company nor the Employer will be liable to the Participant or any other person
or entity for any losses or other liabilities that may result to the Participant as a result of any such sale. 
 Exchange Control Requirements. You
understand and agree that, pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the immediate sale of the shares issued upon the vesting of the Restricted Stock Units to China. You further
understand that, under local law, such repatriation of your cash proceeds may need to be effectuated through a special exchange control account established by the Company, Parent or Subsidiary or the Employer, and you hereby consent and agree that
any proceeds from the sale of any shares issued upon the vesting of the Restricted Stock Units you acquire may be transferred to such special account prior to being delivered to you. If the proceeds from the sale of your shares are converted to
local currency, you acknowledge that the Company is under no obligation to secure any exchange conversion rate, and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions in China. You agree to
bear the risk of any exchange conversion rate fluctuation between the date the Restricted Stock Units vest and the date of conversion of the proceeds from the sale of the shares issued upon vesting to local currency. You further agree to comply with
any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China. 

  
 14 

 CZECH REPUBLIC 

Notifications 
 Exchange Control Information.
The Czech National Bank may require you to fulfill certain notification duties in relation to the Restricted Stock Units and the opening and maintenance of a foreign account. However, because exchange control regulations change frequently and
without notice, you should consult your personal legal advisor prior to the vesting of the Restricted Stock Units to ensure compliance with current regulations. It is your responsibility to comply with applicable Czech exchange control laws.

 DENMARK 
 Notifications 

Exchange Control Information. If you establish an account holding shares or an account holding cash outside Denmark, you must report the account to the
Danish Tax Administration. The form which should be used in this respect can be obtained from a local bank. (Please note that these obligations are separate from and in addition to the obligations described below.) 

Securities/Tax Reporting Information. If you hold shares acquired under the Plan in a brokerage account with a broker or bank outside Denmark, you are
required to inform the Danish Tax Administration about the account. For this purpose, you must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by you and by the applicable broker
or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, you
authorize the Danish Tax Administration to examine the account. A sample of the Form V can be found at the following website: www.skat.dk.  

In addition, if you open a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, you are also
required to inform the Danish Tax Administration about this account. To do so, you must also file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by you and by the applicable broker or bank where the
account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, you authorize
the Danish Tax Administration to examine the account. A sample of Form K can be found at the following website: www.skat.dk. 
 FINLAND

 There are no country specific provisions. 

  
 15 

 FRANCE 

Terms and Conditions 
 Consent to Receive
Information in English. By accepting the Restricted Stock Units, you confirm having read and understood the Plan and the Agreement, which were provided in the English language. You accept the terms of those documents accordingly. 

En acceptant cette attribution gratuite d’actions, vous confirmez avoir lu et comprenez le Plan et ce Contrat, incluant tous leurs termes et conditions,
qui ont été transmis en langue anglaise. Vous acceptez les dispositions de ces documents en connaissance de cause. 
 Notifications

 Exchange Control Information. If you hold shares of Common Stock outside of France or maintain a foreign bank account, you are
required to report such to the French tax authorities when you file your annual tax return. 
 GERMANY 

Notifications 
 Exchange Control Information.
Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank. If you use a German bank to transfer a cross-border payment in excess of €12,500 in connection with the sale of shares acquired under the Plan,
the bank will make the report for you. In addition, you must report any receivables, payables, or debts in foreign currency exceeding an amount of €5,000,000 on a monthly basis. 

GREECE 
 There are no country specific provisions. 

HONG KONG 
 Terms and Conditions 

Securities Notification. Warning: The Restricted Stock Units and shares issued at vesting do not constitute a public offering of securities under Hong
Kong law and are available only to employees of the Company, its Parent or Subsidiary. The Agreement, including this Appendix B, the Plan and other incidental communication materials have not been prepared in accordance with and are not intended to
constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong nor have the documents been reviewed by any regulatory authority in Hong Kong. The Restricted Stock Units are intended
only for the personal use of each eligible employee of the Employer, the Company or any Parent or Subsidiary and may not be distributed to any other person. If you are in any doubt about any of the contents of the Agreement, including this Appendix
B, or the Plan, you should obtain independent professional advice. 
 Settlement of Restricted Stock Units and Sale of Shares. In the event
your Restricted Stock Units vest and shares are issued to you within six months of the grant date, you agree that you will not dispose of any shares acquired prior to the six-month anniversary of the grant date. 

  
 16 

 Notifications 

Nature of Scheme. The Company specifically intends that the Plan will not be an occupational retirement scheme for purposes of the Occupational
Retirement Schemes Ordinance. 
 HUNGARY 
 No
country specific provisions. 
 INDIA 

Notifications 
 Exchange Control Information.
You understand that you must repatriate any proceeds from the sale of shares acquired under the Plan to India and convert the proceeds into local currency within 90 days of receipt. You will receive a foreign inward remittance certificate
(“FIRC”) from the bank where you deposit the foreign currency. You should maintain the FIRC as evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof of repatriation. 

Tax Information. The amount subject to tax at vesting will partially be dependent upon a valuation that the Company will obtain from a Merchant Banker
in India. The Company has no responsibility or obligation to obtain the most favorable valuation possible nor obtain valuations more frequently than required under Indian tax law. 

INDONESIA 
 Notifications 

Exchange Control Information. If you remit proceeds from the sale of shares into  

Indonesia, the Indonesian Bank through which the transaction is made will submit a report on the transaction to the Bank of Indonesia for statistical
reporting purposes. For transactions of US$10,000 or more, a description of the transaction must be included in the report. Although the bank through which the transaction is made is required to make the report, you must complete a “Transfer
Report Form.” The Transfer Report Form will be provided to you by the bank through which the transaction is made. 
 IRELAND 

Notifications 
 Director Notification
Obligation. If you are a director, shadow director or secretary of the Company’s Irish Subsidiary or affiliate, you must notify the Irish Subsidiary or affiliate in writing within five business days of receiving or disposing of an interest
in the Company (e.g., Restricted Stock Units, shares, etc.), or within five business days of becoming aware of the event giving rise to the notification requirement or within five days of becoming a director or secretary if such an interest exists
at the time. This notification requirement also applies with respect to the interests of a spouse or children under the age of 18 (whose interests will be attributed to the director, shadow director or secretary). 

ISRAEL 
 Terms and Conditions 

Trust Arrangement. You understand and agree that the Restricted Stock Units are offered subject to and in accordance with the terms of the trust
agreement. Specifically, the shares issued upon vesting of the Restricted Stock Units shall be delivered to and controlled by a trustee appointed by the Company or  

  
 17 

 
its Subsidiary or affiliate in Israel (the “Trustee”) for your benefit for at least such period of time as required by Section 102 or any shorter period determined under the
Israeli Income Tax Ordinance [New Version] 1961 as now in effect or as hereafter amended (the ‘Ordinance’) or by the Israeli Tax Authority (the “Lock-Up Period”). The Restricted Stock Units and shares shall be controlled by the
Trustee for the benefit of you and the provisions of Section 102 of the Ordinance and the Income Tax (Tax Abatement on the Grant of Shares to Employees) Regulations 2003 shall apply to such Restricted Stock Units or shares for all purposes. You
shall be able, at any time, to request the sale of the shares or the release of the shares from the Trustee, subject to the terms of the Plan, this Agreement and any applicable law. Without derogating from the aforementioned, if the shares are
released by the Trustee during the Lock-Up Period, the sanctions under Section 102 of the Ordinance shall apply to and be borne by you. The Shares shall not be sold or released from the control of the Trustee unless the Company, the Employer
and the Trustee are satisfied that the full amount of Withholding Taxes due have been paid or will be paid in relation thereto. 
 ITALY 

Terms and Conditions 
 Data Privacy Notice.
The following provision replaces Section 20 of the Agreement: 
 Participant understands that the Employer and/or the Company may hold
certain personal information about him or her, including, but not limited to, his or her name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality, job
title, number of shares held and the details of all Restricted Stock Units or any other entitlement to shares awarded, cancelled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing, administering and
managing Participant’s participation in the Plan. Participant is aware that providing the Company with the Data is necessary for the performance of this Agreement and that Participant’s refusal to provide such Data would make it impossible
for the Company to perform its contractual obligations and may affect his or her ability to participate in the Plan. 
 The Controller of
personal data processing is NetApp, Inc., with registered offices at 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, USA, and, pursuant to D.lgs 196/2003, its representative in Italy is NetApp Italia Srl. with registered offices at
First Floor, Via Battistotti Sassi 11, Milan, Italy 20133. Participant understands that the Data may be transferred to the Company or any of its Subsidiaries or affiliates, or to any third parties assisting in the implementation, administration and
management of the Plan, including any transfer required to a broker or other third party with whom Shares acquired pursuant to the vesting of the Restricted Stock Units or cash from the sale of Shares acquired pursuant to the Plan may be deposited.
Furthermore, the recipients that may receive, possess, use, retain and transfer such Data for the above mentioned purposes may be located in Italy or elsewhere, including outside of the European Union and that the recipients’ country (e.g., the
United States) may have different data privacy laws and protections than Italy. The processing activity, including the transfer of Participant’s personal data abroad, outside of the European Union, as herein specified and pursuant to applicable
laws and regulations, does not require Participant’s consent thereto as the processing is necessary for the performance of contractual obligations related to the implementation, administration and management of the Plan. Participant understands
that Data processing relating to the purposes above specified shall take place under automated or non-automated conditions, anonymously when possible, that comply with the purposes for which Data are collected and with confidentiality and

  
 18 

 
security provisions as set forth by applicable laws and regulations, with specific reference to D.lgs. 196/2003. 

Participant understands that Data will be held only as long as is required by law or as necessary to implement, administer and manage his or her
participation in the Plan. Participant understands that pursuant to art.7 of D.lgs 196/2003, he or she has the right, including but not limited to, access, delete, update, request the rectification of his or her personal Data and cease, for
legitimate reasons, the Data processing. Furthermore, Participant is aware that his or her Data will not be used for direct marketing purposes. 

Plan Document Acknowledgment. In accepting the Restricted Stock Units, you acknowledge that you have received a copy of the Plan and the Agreement and
have reviewed the Plan and the Agreement, including this Appendix B, in their entirety and fully understand and accept all provisions of the Plan and the Agreement, including this Appendix B.  

In addition, you further acknowledge that you have read and specifically and expressly approve without limitation the following clauses in the Agreement:
Section 4 (Forfeiture upon Termination of Continuous Service); Section 7 (Withholding of Taxes); Section 19 (Labor Law); and Section 20 (Disclosure of Participant Information). 

Notifications 
 Tax/Exchange Control
Information. You are required to report on your annual tax return:  
 (a) any transfers of cash or shares to or from Italy exceeding €10,000
or the equivalent amount in U.S. dollars; (b) any foreign investments or investments (including the shares issued at vesting of the Restricted Stock Units, cash or proceeds from the sale of shares acquired under the Plan) held outside of Italy
exceeding €10,000 or the equivalent amount in U.S. dollars, if the investment may give rise to income in Italy (this will include reporting the shares issued at vesting of the Restricted Stock Units if the fair market value of such shares
combined with other foreign assets exceed €10,000); and (c) the amount of the transfers to and from abroad which have had an impact during the calendar year on your foreign investments or investments held outside of Italy. You are exempt
from the formalities in (a) if the investments are made through an authorized broker resident in Italy, as the broker will comply with the reporting obligation on your behalf. 

JAPAN 
 There are no country specific provisions. 

KAZAKHSTAN 
 Notifications 

Exchange Control Information. Although Kazakh residents are no longer required to obtain a license from the National Bank of Kazakhstan before obtaining
securities in foreign companies, you are nevertheless required to notify the National Bank of Kazakhstan when you acquire Shares under the Plan. 

KOREA 
 Notifications 

Exchange Control Information. If you realize US$500,000 or more from the sale of shares, Korean exchange control laws require you to repatriate the
proceeds to Korea within 18 months of the sale. 

  
 19 

 LUXEMBOURG 

Notifications 
 Exchange Control
Information. You are required to report any inward remittances of funds to the Banque Central de Luxembourg and/or the Service Central de La Statistique et des Etudes Economiques within 15 working days following the month
during the transaction occurred. If a Luxembourg financial institution is involved in the transaction, it generally will fulfill the reporting obligation on your behalf. 

MALAYSIA 
 Notifications 

Malaysian Insider Trading Notification. You should be aware of the Malaysian insider-trading rules, which may impact your acquisition or disposal of
shares or rights to shares under the Plan. Under the Malaysian insider-trading rules, you are prohibited from acquiring or selling shares or rights to shares (e.g., an award under the Plan) when you are in possession of
information which is not generally available and which you know or should know will have a material effect on the price of Shares once such information is generally available. 

Director Notification Obligation. If you are a director of the Company’s Malaysian Subsidiary or affiliate, you are subject to certain
notification requirements under the Malaysian Companies Act. Among these requirements is an obligation to notify the Malaysian Subsidiary or affiliate in writing when you receive or dispose of an interest (e.g., an award under the Plan or shares) in
the Company or any related company. Such notifications must be made within 14 days of receiving or disposing of any interest in the Company or any related company. 

MEXICO 
 Terms and Conditions 

Modification. By accepting the Restricted Stock Units, you understand and agree that any modification of the Plan or the Agreement or its termination
shall not constitute a change or impairment of the terms and conditions of employment. 
 Policy Statement. The award of Restricted Stock
Units the Company is making under the Plan is unilateral and discretionary and, therefore, the Company reserves the absolute right to amend it and discontinue it at any time without any liability. 

The Company, with registered offices at 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, U.S.A., is solely responsible for the administration of
the Plan and participation in the Plan and the acquisition of shares does not, in any way, establish an employment relationship between you and the Company since you are participating in the Plan on a wholly commercial basis and the sole employer is
as applicable, nor does it establish any rights between you and the Employer. 
 Plan Document Acknowledgment. By accepting the award of Restricted
Stock Units, you acknowledge that you have received copies of the Plan, have reviewed the Plan and the Agreement in their entirety and fully understand and accept all provisions of the Plan and the Agreement. 

In addition, by signing the Agreement, you further acknowledge that you have read and specifically and expressly approve the terms and conditions in the
Agreement, in which the following is clearly described and established: (i) participation in the Plan does not constitute an acquired right; (ii) the Plan and participation in the Plan is offered by the Company on a wholly discretionary
basis; (iii) participation in 

  
 20 

 
the Plan is voluntary; and (iv) the Company and any Parent, Subsidiary or affiliates are not responsible for any decrease in the value of the shares underlying the Restricted Stock Units.

 Finally, you hereby declare that you do not reserve any action or right to bring any claim against the Company for any compensation or damages as a
result of your participation in the Plan and therefore grant a full and broad release to the Employer, the Company and any Parent, Subsidiary or affiliates with respect to any claim that may arise under the Plan. 

Spanish Translation 
 Modification. Al
aceptar las Unidades de Accion Restringida, usted reconoce y acuerda que cualquier modification del Plan o su terminacion no constituye un cambio o desmejora de los terminos y condiciones de empleo. 

Declaracion de Politica. El Otorgarmiento de Unidades de Accion Restringida de la Compañia en virtud del Plan es unilateral y discrecional y,
por lo tanto, la Compañia se reserva el derecho absoluto de modificar y discontinuar el mismo en cualquier tiempo, sin responsabilidad alguna. 
 La
Compañia, con oficinas registradas ubicadas en, es la unica responsable de la administración del Plan y de la participación en el mismo y la adquisición de Acciones no establece de forma alguna una relación de
trabajo entre usted y la Compañia, ya que su participación en el Plan es completamente comercial y el unico empleador es en caso de ser aplicable, asi como tampoco establece ningun derecho entre la persona que tenga el derecho a optar
y el Empleador. 
 Reconocimiento del Documento del Plan. Al aceptar el Otorgamiento de las Unidades de Acción Restringida, usted reconoce que
ha recibido copias del Plan, ha revisado el mismo, al igual que la totalidad del Acuerdo y, que ha entendido y aceptado completamente todas las disposiciones contenidas en el Plan y en el Acuerdo. 

Adicionalmente, al firmar el Acuerdo, reconoce que ha leido, y que aprueba especifica y expresamente los términos y condiciones contenidos en la
Renuncia de Derecho o Reclamo por Compensación del Acuerdo, en el cual se encuentra claramente descrito y establecido lo siguiente: (i) la participación en el Plan no constituye un derecho adquirido; (ii) el plan y la
participación en el mismo es ofrecida por la Compañia de forma enteramente discrecional; (iii) la participación en el Plan es voluntaria; y (iv) la Compañia, asi como su Sociedad controlante, Subsidiaria o
Filiales no son responsables por cualquier disminución en el valor de las Acciones en relación a las Unidades de Acción Restringida. 

Finalmente, declara que no se reserva ninguna acción o derecho para interponer una demanda en contra de la Compañia por
compensación, dano o perjuicio alguno como resultado de su participación en el Plan y, en consecuencia, otorga el más amplio finiquito al Empleador, asi como a la Compañia, a su Sociedad controlante, Subsidiaria o
Filiales con respecto a cualquier demanda que pudiera originarse en virtud del Plan. 
 NETHERLANDS 

Notifications 
 Insider-Trading Notification.
You should be aware of the Dutch insider-trading rules, which may impact the sale of shares issued to you at vesting and settlement of the award. In particular, you may be prohibited from effectuating certain transactions involving shares if you
have inside information about the Company. If you are uncertain whether the insider-trading rules apply to you, you should consult your personal legal advisor. 

  
 21 

 NEW ZEALAND 

There are no country specific provisions. 
 NIGERIA 

There are no country specific provisions. 
 NORWAY 

There are no country specific provisions. 
 PHILIPPINES

 Notifications 
 Securities Law
Notice. You acknowledge that you are permitted to sell shares acquired under the Plan through the designated Plan broker appointed by the Company (or such other broker to whom you may transfer the Shares), provided that such sale takes place
outside of the Philippines through the facilities of the NASDAQ Global Select Market on which the shares are listed. 
 POLAND 

Notifications 
 Exchange Control Information.
If you hold foreign securities (including shares) and maintain accounts abroad, you may be required to file certain reports with the National Bank of Poland. Specifically, if the value of securities and cash held in such foreign accounts exceeds
€15,000, you must file reports on the transactions and balances of the accounts on a quarterly basis by the 20th day of the month following the end of each quarter and an annual report by no later than January 30 of the following calendar
year. Such reports are filed on special forms available on the website of the National Bank of Poland. 
 PORTUGAL 

Notifications 
 Exchange Control Information.
If you receive shares upon vesting, the acquisition of the shares should be reported to the Banco de Portugal for statistical purposes. If the shares are deposited with a commercial bank or financial intermediary in Portugal, such bank or financial
intermediary will submit the report on your behalf. If the shares are not deposited with a commercial bank or financial intermediary in Portugal, you are responsible for submitting the report to the Banco de Portugal. 

ROMANIA 
 Notifications 

Exchange Control Information. If you deposit the proceeds from the sale of shares issued to you at vesting in a bank account in Romania, you may be
required to provide the Romanian bank with appropriate documentation explaining the source of the funds. You should consult your personal advisor to determine whether you will be required to submit such documentation to the Romanian bank.

  
 22 

 RUSSIA 

Terms and Conditions 
 U.S. Transaction. You
understand that the Restricted Stock Units shall be valid and this Agreement shall be concluded and become effective only when the Agreement is electronically received by the Company in the United States. Upon vesting of the Restricted Stock Units,
any shares to be issued to you shall be delivered to you through a bank or brokerage account in the United States. You are not permitted to sell the shares directly to other Russian legal entities or individuals. 

Notifications 
 Exchange Control
Information. Under current exchange control regulations, within a reasonably short time after sale of the shares acquired under the Plans, you must repatriate the sale proceeds to Russia. Such sale proceeds must be initially credited to you
through a foreign currency account at an authorized bank in Russia. After the sale proceeds are initially received in Russia, they may be further remitted to foreign banks in accordance with Russian exchange control laws. 

You are encouraged to contact your personal advisor before remitting your sale proceeds to Russia as exchange control requirements may change. 

Securities Law Notification. This Appendix B, the Agreement, the Plan and all other materials that you may receive regarding participation in the Plan
do not constitute advertising or an offering of securities in Russia. Absent any requirement under local law, the issuance of securities pursuant to the Plan has not and will not be registered in Russia; hence, the securities described in any
Plan-related documents may not be used for offering or public circulation in Russia. 
 SAUDI ARABIA 

Notifications 
 Securities Law Information.
The Agreement may not be distributed in the Kingdom of Saudi Arabia except to such persons as are permitted under the Offers of Securities Regulations issued by the Capital Market Authority. 

The Capital Market Authority does not make any representation as to the accuracy or completeness of the Agreement, and expressly disclaims any liability
whatsoever for any loss arising from, or incurred in reliance upon, any part of the Agreement. You are hereby advised to conduct your own due diligence on the accuracy of the information relating to the Shares. If you do not understand the contents
of the Agreement, you should consult an authorized financial advisor. 
 SINGAPORE 

Notifications 
 Securities Law Information.
The award of Restricted Stock Units is being made in reliance on section 273(1)(f) of the Securities and Futures Act (Cap. 289) (“SFA”) pursuant to which it is exempt from the prospectus and registration requirements under the SFA.

  
 23 

 Director Notification Obligation. If you are a director, associate director or shadow director of the
Company’s Singapore Subsidiary or affiliate, you are subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Company’s Singapore Subsidiary or affiliate in
writing when you receive an interest (e.g, Restricted Stock Units or shares) in the Company or any Parent, Subsidiary or affiliate. In addition, you must notify the Company’s Singapore Subsidiary or affiliate when you sell
shares or shares of any Parent, Subsidiary or affiliate (including when you sell shares issued upon vesting and settlement of the award). These notifications must be made within two days of acquiring or disposing of any interest in the Company or
any Parent, Subsidiary or affiliate. In addition, a notification of your interests in the Company or any Parent, Subsidiary or affiliate must be made within two days of becoming a director. 

SLOVENIA 
 There are no country specific provisions. 

SOUTH AFRICA 
 Terms and Conditions 

Taxes. By accepting the Restricted Stock Units, you agree that, immediately upon vesting and settlement of the Restricted Stock Units, you will notify
the Employer of the amount of any gain realized. If you fail to advise the Employer of the gain realized upon vesting and settlement, you may be liable for a fine. You will be solely responsible for paying any difference between the actual tax
liability and the amount withheld by the Employer. 
 Notifications 

Exchange Control Information. Because no transfer of funds from South Africa is required under the awards, no filing or reporting requirements should
apply when the award is granted or when Shares are issued upon vesting and settlement of the Restricted Stock Units. However, because the exchange control regulations are subject to change, you should consult your personal advisor prior to vesting
and settlement of the award to ensure compliance with current regulations. You are responsible for ensuring compliance with all exchange control laws in South Africa. 

SPAIN 
 Terms and Conditions 

No Entitlement for Claims or Compensation. The following provision supplements  

Section 19 of the Agreement: 
 By accepting the award, you
consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Restricted Stock Units
under the Plan to individuals who may be Consultants, Directors, Employees and Non-Employee Directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Restricted Stock Units will
not economically or otherwise bind the Company or any Parent or Subsidiary, including the Employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the award is given on the assumption and
condition that the Restricted Stock Units shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or affiliate, including the Employer) and shall not be considered a mandatory benefit, salary for any
purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and 

  
 24 

 
freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Restricted Stock Units and
the underlying shares is unknown and unpredictable. You also understand that this award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of
the assumptions be mistaken or any of the conditions not be met for any reason, the award, the Restricted Stock Units and any right to the underlying shares shall be null and void. 

Notifications 
 Exchange Control
Information. You must declare the acquisition of Shares to the Dirección General de Politica Comercial e Inversiones Exteriores (“DGPCIE”) of the Ministerio de Economia for statistical purposes. You must
also declare the ownership of any shares with the Directorate of Foreign Transactions each January while the shares are owned. In addition, you wish to import the share certificates into Spain, you must declare the importation of such securities to
the DGPCIE. 
 When receiving foreign currency payments derived from the ownership of Shares (i.e., dividends or sale proceeds), you must inform the
financial institution receiving the payment of the basis upon which such payment is made. You will need to provide the following information: (i) your name, address, and fiscal identification number; (ii) the name and corporate domicile of
the Company; (iii) the amount of the payment and the currency used; (iv) the country of origin; (v) the reasons for the payment; and (vi) further information that may be required. 

Tax Information. Effective October 2012, if you hold assets or rights outside of Spain (including shares acquired under the Plan), you may have to file
an informational tax report with the tax authorities declaring such ownership. Generally, if the value of your foreign investments exceeds €50,000, you may have to file this informational return. Please note that reporting requirements are
based on what you have previously disclosed and the increase in value of such and the total value of certain groups of foreign assets. Also, the thresholds for annual filing requirements may change each year Therefore, you should consult your
personal advisor regarding whether you will be required to file an informational tax report for asset and rights that you hold abroad. 
 SWEDEN

 There are no country specific provisions. 

SWITZERLAND 
 Notifications 

Securities Law Notification The award is considered a private offering in Switzerland; therefore, it is not subject to registration in Switzerland.

 TAIWAN 
 Notifications 

Exchange Control Information. You may acquire and remit foreign currency (including proceeds from the sale of shares) into and out of Taiwan up to
US$5,000,000 per year. If the transaction amount is TWD$500,000 or more in a single transaction, you must submit a foreign exchange transaction form and also provide supporting documentation to the satisfaction of the remitting bank. 

  
 25 

 If the transaction amount is US$500,000 or more, you may be required to provide additional supporting
documentation to the satisfaction of the remitting bank. Please consult your personal advisor to ensure compliance with applicable exchange control laws in Taiwan. 

THAILAND 
 Notifications 

Exchange Control Information. When you sell shares issued to you at vesting, you must repatriate all cash proceeds to Thailand and then convert such
proceeds to Thai Baht within 360 days of repatriation. If the amount of your proceeds is US$20,000 or more, you must specifically report the inward remittance to the Bank of Thailand on a foreign exchange transaction form. If you fail to comply with
these obligations, you may be subject to penalties assessed by the Bank of Thailand. You should consult your personal advisor before taking action with respect to remittance of proceeds from the sale of Shares into Thailand. You are responsible for
ensuring compliance with all exchange control laws in Thailand. 
 TURKEY 

There are no country specific provisions. 
 UNITED ARAB
EMIRATES 
 There are no country specific provisions. 

UNITED KINGDOM 
 Terms and Conditions 

Joint Election. As a condition of participation in the Plan, you agree to accept any liability for secondary Class 1 NICs which may be payable by the
Company and/or the Parent or Subsidiary employing or retaining you in connection with the Restricted Stock Units and any event giving rise to Tax-Related Items (the “Employer’s NICs”). Without limitation to the foregoing, you agree to
enter into a joint election with the Company (the “Joint Election”), the form of such Joint Election being formally approved by HMRC, and to execute any other consents or elections required to accomplish the transfer of the Employer’s
NICs to you. You further agree to execute such other joint elections as may be required between you and any successor to the Company and/or the Parent or Subsidiary employing or retaining you. You further agree that the Company and/or the Parent or
Subsidiary employing or retaining you may collect Employer’s NICs from you by any of the means set forth in Section 7 of the Agreement. 

If you do not enter into a Joint Election, if approval of the Joint Election has been withdrawn by HMRC or if such Joint Election is jointly revoked by you
and the Company or the Parent or Subsidiary employing or retaining you, as applicable, the Company, in its sole discretion and without any liability to you, may choose not to issue or deliver any shares of Common Stock to you at vesting and you will
forfeit your Restricted Stock Units. 
 Tax and National Insurance Contributions Acknowledgment. The following provisions supplement Section 7
of the Agreement: 
 You agree that if you do not pay or the Employer or the Company does not withhold from you the full amount of Withholding Taxes
that you owe due to the vesting of the Restricted Stock Units, or the release or assignment of the Restricted Stock Units for consideration, or the receipt of any other benefit in connection with the Restricted Stock Units (the “Taxable
Event”) within 90 days after the Taxable Event, or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 

  
 26 

 
2003, then the amount that should have been withheld shall constitute a loan owed by you to the Employer, effective 90 days after the Taxable Event. You agree that the loan will bear interest at
the HMRC’s official rate and will be immediately due and repayable by you, and the Company and/or the Employer may recover it at any time thereafter by withholding the funds from salary, bonus or any other funds due to you by the Employer, by
withholding in Shares issued upon vesting and settlement of the Restricted Stock Units or from the cash proceeds from the sale of Shares or by demanding cash or a cheque from you. You also authorize the Company to delay the issuance of any Shares to
you unless and until the loan is repaid in full. 
 Notwithstanding the foregoing, if you are an officer or executive director (as within the meaning of
Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that you are an officer or executive director and Withholding Taxes are not collected from
or paid by you within 90 days of the Taxable Event, the amount of any uncollected Withholding Taxes may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that the Company
or the Employer may recover any such additional income tax and national insurance contributions at any time thereafter by any of the means referred to in Section 7 of the Agreement. 

UNITED STATES 
 There are no country specific
provisions. 
 ***** 

  
 27 

 EXHIBIT 1 

“Total Shareholder Return” or “TSR” shall be equal to: 

(A) = the average adjusted closing price per share of the Company’s Common Stock during the twenty (20) trading day period ending on the Period End
Date. 
 (B) = the average adjusted closing price per share of the Company’s Common Stock during the twenty (20) trading day period ending on the
Commencement Date. 
 The denominator in the exponent will be either 2 or 3 depending on the measurement period such that 2 is used if the measurement
period ends on the last day of the Company’s 2017 fiscal year and 3 is used if the measurement period ends on the last day of the Company’s 2018 fiscal year. 
  

 

  
 28 

 EXHIBIT 2 

S&P 1500 Technology Hardware and Equipment Index 
  

					
	3D Systems Corporation		Electronics for Imaging, Inc.		National Instruments Corporation
	ADTRAN Inc.		EMC Corporation		NCR Corporation
	Agilysys Inc.		F5 Networks, Inc.		Netgear Inc.
	Amphenol Corporation		Fabrinet		Newport Corp.
	Anixter International Inc.		FARO Technologies Inc.		OSI Systems, Inc.
	Apple Inc.		FEI Company		Park Electrochemical Corp.
	ARRIS Group, Inc.		FLIR Systems, Inc.		Plantronics, Inc.
	Arrow Electronics, Inc.		Harmonic Inc.		Plexus Corp.
	Avnet, Inc.		Harris Corporation		Polycom, Inc.
	Badger Meter Inc.		Hewlett-Packard Company		QLogic Corp.
	Bel Fuse Inc.		II-VI Incorporated		QUALCOMM Incorporated
	Belden Inc.		Ingram Micro Inc.		Rofin-Sinar Technologies Inc.
	Benchmark Electronics Inc.		Insight Enterprises Inc.		Rogers Corporation
	Black Box Corporation		InterDigital, Inc.		SanDisk Corp.
	CalAmp Corp.		IPG Photonics Corporation		Sanmina Corporation
	Checkpoint Systems Inc.		Itron, Inc.		ScanSource, Inc.
	Ciena Corporation		Ixia		Seagate Technology Public Limited Company
	Cisco Systems, Inc.		Jabil Circuit Inc.		Super Micro Computer, Inc.
	Cognex Corporation		JDS Uniphase Corporation		SYNNEX Corp.
	Coherent Inc.		Juniper Networks, Inc.		TE Connectivity Ltd.
	Comtech Telecommunications Corp.		Keysight Technologies, Inc.		Tech Data Corp.
	Corning Inc.		Knowles Corporation		Trimble Navigation Limited
	CTS Corporation		Lexmark International Inc.		TTM Technologies Inc.
	Daktronics Inc.		Littelfuse Inc.		ViaSat Inc.
	Diebold, Incorporated		Mercury Systems, Inc.		Vishay Intertechnology Inc.
	Digi International Inc.		Methode Electronics, Inc.		Western Digital Corporation
	DTS Inc.		Motorola Solutions, Inc.		Zebra Technologies Corporation
	Electro Scientific Industries Inc.		MTS Systems Corporation		

 The following will govern changes during the Performance Period to the companies listed in the Index: 

 

	 	1.	If a company in the Index is acquired or merges with another company, and the acquiring or merged company (the “successor company”) is not contained in the Index, then the performance (relative TSR) for the
acquired company will be calculated through the transaction date; however, if the successor company is contained in the Index, the successor company will be substituted into the Index as of the date of the transaction with the old company being
removed entirely from the Index. 

	 	2.	If a company stops trading publicly or goes bankrupt, the company will remain in the Index with a TSR of “-100%”. 

  
 29 

	 	3.	If a company in the Index spins off a subsidiary, the spin-off company will not be included in the Index, but the continuing (parent) company shall remain in the Index with the TSR adjusted for the spin-off.

  
 30 

 EXHIBIT 3 

Eligible Restricted Stock Unit Calculations: 
  

													
	 Level *
	  	Growth Rate Delta	 	 	Percentage of Target
Number of Restricted
Stock Units that Become
Eligible Restricted 
Stock
Units**	 	 	Number of Eligible
Restricted Stock Units**	 
	 1
	  	 	330	% 	 	 	200	% 	 	 	[—	] 
	 2
	  	 	29	% 	 	 	196.67	% 	 	 	[—	] 
	 3
	  	 	28	% 	 	 	193.33	% 	 	 	[—	] 
	 4
	  	 	27	% 	 	 	190.00	% 	 	 	[—	] 
	 5
	  	 	26	% 	 	 	186.67	% 	 	 	[—	] 
	 6
	  	 	25	% 	 	 	183.33	% 	 	 	[—	] 
	 7
	  	 	24	% 	 	 	180.00	% 	 	 	[—	] 
	 8
	  	 	23	% 	 	 	176.67	% 	 	 	[—	] 
	 9
	  	 	22	% 	 	 	173.33	% 	 	 	[—	] 
	 10
	  	 	21	% 	 	 	170.00	% 	 	 	[—	] 
	 11
	  	 	20	% 	 	 	166.67	% 	 	 	[—	] 
	 12
	  	 	19	% 	 	 	163.33	% 	 	 	[—	] 
	 13
	  	 	18	% 	 	 	160.00	% 	 	 	[—	] 
	 14
	  	 	17	% 	 	 	156.67	% 	 	 	[—	] 
	 15
	  	 	16	% 	 	 	153.33	% 	 	 	[—	] 
	 16
	  	 	15	% 	 	 	150.00	% 	 	 	[—	] 
	 17
	  	 	14	% 	 	 	146.67	% 	 	 	[—	] 
	 18
	  	 	13	% 	 	 	143.33	% 	 	 	[—	] 
	 19
	  	 	12	% 	 	 	140.00	% 	 	 	[—	] 
	 20
	  	 	11	% 	 	 	136.67	% 	 	 	[—	] 

  
 31 

													
	 Level *
	  	Growth Rate Delta	 	 	Percentage of Target
Number of Restricted
Stock Units that Become
Eligible Restricted 
Stock
Units**	 	 	Number of Eligible
Restricted Stock Units**	 
	 21
	  	 	10	% 	 	 	133.33	% 	 	 	[—	] 
	 22
	  	 	9	% 	 	 	130.00	% 	 	 	[—	] 
	 23
	  	 	8	% 	 	 	126.67	% 	 	 	[—	] 
	 24
	  	 	7	% 	 	 	123.33	% 	 	 	[—	] 
	 25
	  	 	6	% 	 	 	120.00	% 	 	 	[—	] 
	 26
	  	 	5	% 	 	 	116.67	% 	 	 	[—	] 
	 27
	  	 	4	% 	 	 	113.33	% 	 	 	[—	] 
	 28
	  	 	3	% 	 	 	110.00	% 	 	 	[—	] 
	 29
	  	 	2	% 	 	 	106.67	% 	 	 	[—	] 
	 30
	  	 	1	% 	 	 	103.33	% 	 	 	[—	] 
	 31
	  	 	0	% 	 	 	100	% 	 	 	[—	] 
	 32
	  	 	-1	% 	 	 	97.5	% 	 	 	[—	] 
	 33
	  	 	-2	% 	 	 	95	% 	 	 	[—	] 
	 34
	  	 	-3	% 	 	 	92.5	% 	 	 	[—	] 
	 35
	  	 	-4	% 	 	 	90	% 	 	 	[—	] 
	 36
	  	 	-5	% 	 	 	87.5	% 	 	 	[—	] 
	 37
	  	 	-6	% 	 	 	85	% 	 	 	[—	] 
	 38
	  	 	-7	% 	 	 	82.5	% 	 	 	[—	] 
	 39
	  	 	-8	% 	 	 	80	% 	 	 	[—	] 
	 40
	  	 	-9	% 	 	 	77.5	% 	 	 	[—	] 
	 41
	  	 	-10	% 	 	 	75	% 	 	 	[—	] 
	 42
	  	 	-11	% 	 	 	72.5	% 	 	 	[—	] 
	 43
	  	 	-12	% 	 	 	70	% 	 	 	[—	] 
	 44
	  	 	-13	% 	 	 	67.5	% 	 	 	[—	] 
	 45
	  	 	-14	% 	 	 	65	% 	 	 	[—	] 
	 46
	  	 	-15	% 	 	 	62.5	% 	 	 	[—	] 

  
 32 

													
	 Level *
	  	Growth Rate Delta	 	 	Percentage of Target
Number of Restricted
Stock Units that Become
Eligible Restricted 
Stock
Units**	 	 	Number of Eligible
Restricted Stock Units**	 
	 47
	  	 	-16	% 	 	 	60	% 	 	 	[—	] 
	 48
	  	 	-17	% 	 	 	57.5	% 	 	 	[—	] 
	 49
	  	 	-18	% 	 	 	55	% 	 	 	[—	] 
	 50
	  	 	-19	% 	 	 	52.5	% 	 	 	[—	] 
	 51
	  	 	-20	% 	 	 	50	% 	 	 	[—	] 
	 52
	  	 	<-20	% 	 	 	0	% 	 	 	0	  

  

	*	The number of Restricted Stock Units that will become Eligible Restricted Stock Units will be interpolated on a linear basis between levels 1 – 52. The Growth Rate Delta will be rounded up to the nearest whole
number. The Percentage of Target Number of Restricted Stock Units that Become Eligible Restricted Stock Units will be rounded up to the nearest hundredth. 

	**	Any partial shares of Common Stock will be rounded down to the nearest whole share and any fractional shares will be forfeited for no consideration. 

  
 33EX-10.9

 Exhibit 10.9 

CHANGE IN CONTROL AGREEMENT 

This Change in Control Agreement (this “Agreement”) is made effective as of February 27, 2015 (the “Effective Date”),
by and between Hamilton Bank, a federally-chartered savings bank (the “Bank”) and Ellen R. Fish (“Executive”). Any reference to the “Company” shall mean Hamilton Bancorp, Inc., the stock holding company of the Bank.

 WHEREAS, the Bank wishes to assure itself of the continued services of Executive as Executive Vice President of the Bank (the
“Executive Position”) for the period provided in this Agreement; and 
 WHEREAS, in order to induce Executive to
continue employment with the Bank and to provide further incentive to achieve the financial and performance objectives of the Bank, the parties desire to specify the benefits which shall be due to Executive in the event of a Change in Control (as
defined below).  
 NOW THEREFORE, in consideration of the mutual agreements herein contained, and upon the other terms and
conditions hereinafter provided, the parties hereby agree as follows: 
 1. Term of Agreement. The term of this
Agreement shall commence as of the Effective Date and shall continue thereafter for a period of two (2) years. Commencing on the first anniversary date of this Agreement (the “Anniversary Date”) and continuing on each Anniversary Date
thereafter, the term of this Agreement shall renew for an additional year such that the remaining term of this Agreement is always two (2) years provided, however, that in order for this Agreement to renew, the disinterested members of the
Board of Directors of the Bank (the “Board”) must take the following actions within the time frames set forth below prior to each Anniversary Date: (i) at least sixty (60) days prior to the Anniversary Date, conduct a
comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement; and (ii) affirmatively approve the renewal or non-renewal of this Agreement, which decision shall be included in the
minutes of the Board’s meeting. If the decision of such disinterested members of the Board is not to renew this Agreement, then the Board shall provide Executive with a written notice of non-renewal (“Non-Renewal Notice”) at least
thirty (30) days and not more than sixty (60) days prior to any Anniversary Date, such that this Agreement shall terminate at the end of twenty-four (24) months following such Anniversary Date. The failure of the disinterested members
of the Board to take the actions set forth herein before any Anniversary Date will result in the automatic non-renewal of this Agreement, even if the Board fails to affirmatively issue the Non-Renewal Notice to Executive. If the Board fails to
inform Executive of its determination regarding the renewal or non-renewal of this Agreement, the Executive may request, in writing, the results of the Board’s action (or non-action) and the Board shall, within thirty (30) days of the
receipt of such request, provide a written response to Executive. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms. Notwithstanding the foregoing, in the event that the Company or the Bank
has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then the term of this Agreement shall be extended and shall terminate twenty-four (24) months following the date on which the
Change in Control occurs. 

 2. Definitions. The following words and terms shall have the meanings set forth
below for purposes of this Agreement. 
 (a) Base Salary. Executive’s “Base Salary” for purposes of this Agreement
shall mean the annual rate of base salary paid to Executive by the Bank. 
 (b) Change in Control. For purposes of this Agreement,
the term “Change in Control” shall mean the occurrence of any of the following events: 
 (i) Merger: The
Company or the Bank merges into or consolidates with another entity, or merges another bank or corporation into the Bank or the Company, and as a result, less than a majority of the combined voting power of the resulting corporation immediately
after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation; 

(ii) Acquisition of Significant Share Ownership: There is filed, or is required to be filed, a report on Schedule 13D or
another form or schedule (other than Schedule 13G) required under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, if the schedule discloses that the filing person or persons acting in concert has or have become the
beneficial owner of 25% or more of a class of the Company’s or the Bank’s voting securities; provided, however, this clause (ii) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a
fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities; 

(iii) Change in Board Composition: During any period of two consecutive years, individuals who constitute the
Company’s or the Bank’s Board of Directors at the beginning of the two-year period cease for any reason to constitute at least a majority of the Company’s or the Bank’s Board of Directors; provided, however, that for purposes of
this clause (iii), each director who is first elected by the board (or first nominated by the board for election by the stockholders or corporators) by a vote of at least two-thirds (2/3) of the directors who were directors at the beginning of
the two-year period or who is appointed to the board as the result of a directive, supervisory agreement or order issued by the primary federal regulator of the Company or the Bank or by the Federal Deposit Insurance Corporation (“FDIC”)
shall be deemed to have also been a director at the beginning of such period; or 
 (iv) Sale of Assets: The Company
or the Bank sells to a third party all or substantially all of its assets. 
 (c) Good Reason. For purposes of this Agreement,
“Good Reason” shall mean a termination by Executive, without Executive’s express written consent, any of the following occurs: 

(i) a material reduction in Executive’s Base Salary or benefits provided to Executive (other than a reduction or
elimination of Executive’s benefits under one or more benefit plans maintained by the Bank as part of a good faith, overall reduction or 

  
 2 

 
elimination of such plans or benefits applicable to all participants in a manner that does not discriminate against Executive (except as such discrimination may be necessary to comply with
applicable law)); 
 (ii) a material reduction in Executive’s authority, duties or responsibilities from the position
and attributes associated with the Executive Position or a successor position held by the Executive immediately prior to the effective date of the Change in Control; 

(iii) a relocation of Executive’s principal place of employment by more than twenty-five (25) miles from the
Bank’s main office location as of the date of this Agreement; or 
 (iv) a material breach of this Agreement by the
Bank. 
 Notwithstanding the foregoing, prior to any termination of employment for Good Reason, Executive must first provide
written notice to the Board within ninety (90) days following the initial existence of the condition, describing the existence of such condition, and the Bank shall thereafter have the right to remedy the condition within thirty (30) days
of the date the Board received the written notice from Executive, but the Bank may waive its right to cure. If the Bank remedies the condition within such thirty (30) day cure period, then no Good Reason shall be deemed to exist with respect to
such condition. If the Bank does not remedy the condition within such thirty (30) day cure period, then Executive may deliver a notice of termination for Good Reason at any time within sixty (60) days following the expiration of such cure
period. 
 (d) Termination for Cause. Termination for Cause shall mean termination because of, in the good faith determination of the
Board, Executive’s: 
 (i) personal dishonesty; 

(ii) willful misconduct; 

(iii) incompetence; 

(iv) breach of fiduciary duty involving personal profit; 

(v) intentional failure to perform stated duties; 

(vi) willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final
cease-and-desist order; or 
 (vii) material breach by Executive of any provision of this Agreement. 

3. Benefits upon Termination in Connection with a Change in Control. In the event of Executive’s involuntary termination of
employment by the Bank for reasons other than Termination for Cause, or a voluntary termination of employment by Executive for Good Reason occurring on or after a Change in Control, the Bank shall pay Executive, or in the event of

  
 3 

 
Executive’s subsequent death, Executive’s beneficiary or estate, as the case may be, as severance pay, a cash lump sum payment equal to two (2) times the sum of her
(i) highest rate of Base Salary, and (ii) the highest annual bonus paid to, or earned by, Executive during the current calendar year of Executive’s date of termination or either of the two (2) calendar years immediately preceding
Executive’s date of termination. Such payment shall be payable within thirty (30) days following Executive’s date of termination, and will be subject to applicable withholding taxes. 

In addition, the Bank will continue to provide to Executive with life insurance coverage and non-taxable medical and dental insurance coverage
substantially comparable (and on substantially the same terms and conditions) to the coverage maintained by the Bank for Executive immediately prior to her termination under the same cost-sharing arrangements that apply for active employees of the
Bank as of Executive’s date of termination. Such continued coverage shall cease upon the earlier of: (i) the date which is two (2) years from Executive’s date of termination or (ii) the date on which Executive becomes a
full-time employee of another employer, provided Executive is entitled to the benefits that are substantially similar to the health and welfare benefits provided by the Bank. If the Bank cannot provide one or more of the benefits set forth in this
paragraph because Executive is no longer an employee, applicable rules and regulations prohibit such benefits or the payment of such benefits in the manner contemplated, or it would subject the Bank to penalties, then the Bank shall pay Executive a
cash lump sum payment reasonably estimated to be equal to the value of such benefits or the value of the remaining benefits at the time of such determination. Such cash payment shall be made in a lump sum within thirty (30) days after the later
of Executive’s date of termination or the effective date of the rules or regulations prohibiting such benefits or subjecting the Bank to penalties. 

4. 280G Cutback. Notwithstanding anything in this Agreement to the contrary, in no event shall the aggregate payments or
benefits to be made or afforded to Executive under this Agreement , either as a stand-alone benefit or when aggregated with other payments to, or for the benefit of, Executive (collectively referred to as the “Change in Control Benefits”)
that are contingent on a change in control (as defined under Code Section 280G), constitute an “excess parachute payment” under Code Section 280G or any successor thereto, and in order to avoid such a result, Executive’s
benefits payable under this Agreement shall be reduced by the minimum amount necessary so that the Change in Control Benefits that are payable to Executive are not subject to penalties under Code Sections 280G and 4999. 

5. Source of Payments. All payments provided in this Agreement shall be timely paid by check or direct deposit from the general
funds of the Bank (or any successor to the Bank).  
 6. Entire Agreement. This Agreement embodies the entire agreement
between the Bank and Executive with respect to the matters agreed to herein. All prior agreements between the Bank and Executive with respect to the matters agreed to herein are hereby superseded and shall have no force or effect, except that this
Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that Executive is subject to receiving fewer benefits than
those available to Executive without reference to this Agreement.  

  
 4 

 7. No Attachment. Except as required by law, no right to receive payments
under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or assignment by operation of law, and any
attempt, voluntary or involuntary, to affect any such action shall be null, void, and of no effect. 
 8. Binding on
Successors. The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Bank, expressly and unconditionally to
assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place. 

9. Modification and Waiver. 

(a) This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto. 

(b) No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any
provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to
the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived. 

10. Required Provisions. Notwithstanding anything herein to the contrary, the following provisions shall apply: 

(a) The Board may terminate Executive’s employment at any time, but any termination by the Bank’s Board other than termination for
Cause shall not prejudice Executive’s right to compensation or other benefits under this Agreement. Executive shall have no right to receive compensation or other benefits for any period after her termination for Cause. 

(b) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a
notice served under Section 8(e)(3) (12 U.S.C. §1818(e)(3)) or 8(g)(1) (12 U.S.C. §1818(g)(1)) of the Federal Deposit Insurance Act, the Bank’s obligations under this Agreement shall be suspended as of the date of service,
unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its Agreement obligations were suspended and
(ii) reinstate (in whole or in part) any of its obligations which were suspended. 
 (c) If Executive is removed and/or permanently
prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) (12 U.S.C. §1818(e)(4)) or 8(g)(1) (12 U.S.C. §1818(g)(1)) of the Federal Deposit Insurance Act, all obligations of the
Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected. 

  
 5 

 (d) If the Bank is in default as defined in Section 3(x)(1) (12 U.S.C. §1813(x)(1)) of
the Federal Deposit Insurance Act, all obligations under this Agreement shall terminate as of the date of default, but this paragraph shall not affect any vested rights of the contracting parties. 

(e) All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary
for the continued operation of the Bank: (i) by the Comptroller of the Office of the Comptroller of the Currency (the “OCC”) or his or her designee, at the time the Federal Deposit Insurance Corporation (the “FDIC”) enters
into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) (12 U.S.C. §1823(c)) of the Federal Deposit Insurance Act; or (ii) by the Comptroller or his or her designee at the
time the Comptroller or his or her designee approves a supervisory merger to resolve problems related to operation of the Bank or when the Bank is determined by the Comptroller to be in an unsafe or unsound condition. Any rights of the parties that
have already vested, however, shall not be affected by such action. 
 (f) Notwithstanding anything herein contained to the contrary, any
payments to Executive by the Bank or the Company, whether pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. § 1828(k), and
the regulations promulgated thereunder in 12 C.F.R. Part 359. 
 (g) Notwithstanding anything else in this Agreement to the contrary,
Executive’s employment (other than Termination for Cause) shall not be deemed to have been terminated unless and until Executive has a Separation from Service within the meaning of Code Section 409A. For purposes of this Agreement, a
“Separation from Service” shall have occurred if the Bank and Executive reasonably anticipate that either no further services will be performed by Executive after the date of termination (whether as an employee or as an independent
contractor) or the level of further services performed is less than fifty (50) percent of the average level of bona fide services in the thirty-six (36) months immediately preceding the termination. For all purposes hereunder, the
definition of Separation from Service shall be interpreted consistent with Treasury Regulation Section 1.409A-1(h)(ii). 
 (h)
Notwithstanding the foregoing, in the event Executive is a Specified Employee (as defined herein), then, solely, to the extent required to avoid penalties under Code Section 409A, Executive’s payments shall be delayed until the first day
of the seventh month following Executive’s Separation from Service. A “Specified Employee” shall be interpreted to comply with Code Section 409A and shall mean a key employee within the meaning of Code Section 416(i)
(without regard to paragraph 5 thereof), but an individual shall be a “Specified Employee” only if the Bank or Company is or becomes a publicly traded company. 

11. Governing Law. This Agreement shall be governed by the laws of the State of Maryland but only to the extent not superseded
by federal law. 
 12. Arbitration. Any dispute or controversy arising under or in connection with this Agreement shall be
settled exclusively by binding arbitration, as an alternative to civil litigation and without any trial by jury to resolve such claims, conducted by a single arbitrator mutually acceptable to the Bank and Executive, sitting in a location selected by
the Bank within fifty (50) 

  
 6 

 
miles from the main office of the Bank, in accordance with the rules of the American Arbitration Association’s National Rules for the Resolution of Employment Disputes then in effect.
Judgment may be entered on the arbitrator’s award in any court having jurisdiction. 
 13. Notice. For the purposes of
this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by certified or registered mail, return receipt requested, postage prepaid,
addressed to the respective addresses set forth below: 
  

									
		  	To the Bank	  		  	 Hamilton Bank
 501 Fairmount Avenue, Suite
200
 Towson, MD 21286
	  	
					
		  	To Executive:	  		  	 Ellen R. Fish
 7 Broadridge Lane

Lutherville, MD 21093
	  	

 [Signature Page to Follow] 

  
 7 

 IN WITNESS WHEREOF, this Agreement is entered into as of the date first above written.

  

			
	HAMILTON BANK
		
	By:		 /s/ Robert A. DeAlmeida

	Name: Robert A. DeAlmeida
	Title: President and CEO
	
	EXECUTIVE
		
	By:		 /s/ Ellen R. Fish

	Name: Ellen R. Fish
	Title : Executive Vice President and
			   Chief Lending Officer

  
 8

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